1、 Price trend

This week, the selling price of sulfuric acid in Shandong Province rose, with the quotation rising from 402.50 yuan / ton at the beginning of the week to 415.00 yuan / ton at the end of the week, up 12.50 yuan / ton or 3.11%. Overall, the sulfuric acid market rose this week, and the sulfuric acid commodity index on November 13 was 64.59.

2、 Market analysis

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong increased this week, with less inventory and stronger downstream demand. Heze Jiangyuan quoted 450 yuan / ton at the weekend, which was 50 yuan / ton higher than that at the beginning of the week; Zouping Tianlu offered 290 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 350 yuan / T, which was temporarily stable compared with the beginning of the week; kunshengda of Taiyuan City quoted 570 yuan / T at the weekend, which was temporarily stable compared with the beginning of the week.

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has been consolidation at a high level recently, and the cost support is good. However, the market of monoammonium phosphate, diammonium phosphate and bromine in the lower reaches of the market has a positive impact on sulfuric acid. At the same time, some sulfuric acid factories are short of operation recently, the load is reduced, and the supply of sulfuric acid is in short supply.

3、 Future forecast

In the middle and late November, the sulfuric acid Market in Shandong Province was mainly fluctuated. The price of sulfur in the upstream has been high recently, and the downstream market is good. The purchasing enthusiasm of the downstream for sulfuric acid is normal, and the product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small shock rise.

Today, the price of ethylene oxide has been adjusted, and some regions have risen by 100 yuan, of which the factory price of mainstream East China is 7300 yuan / ton.

Affected by the South Korean ethylene plant accident and various factors, the Asian ethylene market CFR Northeast Asia closed up 55 to 840 US dollars / ton on the 11th, and CFR Southeast Asia closed up 30 to 765 US dollars / ton. The rising trend of raw materials has not been reduced, which has driven the downstream products to follow up, and the cost side has formed a favorable support. At present, the overhaul and shutdown of many units have resulted in the shortage of ethylene oxide resources. Market participants pointed out that at present, most of the products are guaranteed by contract. For users outside the contract, dealers often adopt a conservative situation in supply, and the situation of difficult supply of one product is still the same. The wait-and-see atmosphere in the downstream is slightly reduced, but the demand side is weak, so it is difficult to have a big rise.

Although there are many favorable aspects at present, the overall situation is constrained by the demand side, so it is difficult to have a grand occasion.

In November, the market price of dimethyl ether began to rise, and the prices of all regions in China were mainly increased. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market was 2620.00 yuan / ton on November 1, and 2676.67 yuan / ton on November 10, with an increase of 2.16% during the period and 4.69% higher than that on October 1.

As of November 10, the quotation of each region is as follows:

Regional specification Date Quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2940 yuan / ton

The mass fraction of dimethyl ether in Hebei Province: ≥ 99.0% on November 10, 2900 yuan / ton

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0%. November 10: 2620-2750 yuan / ton

At the beginning of November, the decline of international crude oil depressed the market mentality. The cost methanol and civil gas markets both weakened. Dimethyl ether came down under pressure. The price dropped slightly from 1 to 2 days. However, from the 3rd day, the trend showed a continuous upward trend, and the market transaction atmosphere improved. There are four main reasons for the rising market this time: first, the sharp rise of international crude oil has brought obvious support to the market; second, the significant increase in the cost of methanol has brought obvious advantages; second, the civil market of liquefied petroleum gas is dominant on the whole, and the third is that the Shandong market range is about 100 yuan / ton; and the last point is that the terminal demand has increased with the continuous decline of weather and temperature. The downstream replenishment cycle is shortened, and the enthusiasm of entering the market is higher under the buying up mentality. The market trading is obviously improved, and the manufacturer’s mentality is firm, and the ex factory price is continuously raised. Taking Henan xinlianxin as an example, the minimum guaranteed settlement price announced on November 1 was 2600 yuan / ton, and the price was continuously raised from the 4th to 2680 yuan / ton on November 10.

On the 10th, the market in Henan, the main production area, was more rational, with an increase range of 20-30 yuan / ton, and the mainstream quotation was about 2620-2750 yuan / ton. Due to the lack of market supply in Hebei market, the rise rate was 150 yuan / ton, and so was Shandong market. Only one enterprise delivered goods normally, with an increase rate of 150 yuan / ton.

The sharp rise of methanol cost has brought strong support to the dimethyl ether Market. On the 10th, the transaction price of Shandong methanol in Lubei market rose slightly, reaching 2050 yuan / ton, which was delivered to spot exchange. However, few transactions were made. The methanol market in the south of Shandong Province rose by 40-60 yuan / ton to about 1990-2030 yuan / ton, Linyi received the local goods quotation of 2020-2030 yuan / ton and delivered them without tax; the quotation of logistics goods was 1990-2000 yuan / ton delivered without tax. Northwest higher, southern Shandong local supply is tight, business mentality is supported. The transaction volume of methanol market in central Shandong Province rose to 2020 yuan / T, and the transaction of peripheral goods increased to 2000-2020 yuan / T delivered cash, with the transaction focus on high-end.

At present, the international crude oil continues to rise, which brings obvious support to the market. The civil market of liquefied petroleum gas is mainly followed by the rise, and the cost of methanol market also rises widely. Under the multiple favorable conditions, the manufacturers have a strong mentality and a good shipping atmosphere. And as the weather continues to cool down, the terminal demand is still expected to improve. In the future, there is still room for the DME market to rise.

In November, the domestic epoxy resin market went up sharply, especially for liquid resin. According to the monitoring of the business agency, in November, the factories mostly adopted the state of closing the plate and did not make an offer. As a result, it is difficult to obtain the actual price. So far, the negotiated price of liquid resin is 28500-30000 yuan / ton. It is understood that the current price of liquid resin has reached the peak in nearly three years, and there is still an upward trend. In terms of factories, in October, the offer of factories was still at 21000-22000 yuan / ton. At the end of October, most of the factories had closed the offer and the orders were mainly for production. It is understood that at present, some factories occasionally offer 28000-30000 yuan / ton.

In terms of cost, the bisphenol a market, one of the raw materials, was greatly affected by the downstream epoxy resin industry. In November, the bisphenol a market rose by nearly 20%. On the first working day of this week’s opening, the factories raised 600-800 yuan / ton one after another, with the mainstream offer of 14800 yuan / ton, a new high in the year. At present, the market offer and the factory offer are basically the same. Most of the shipholders hold the attitude of holding back the offer due to the limited supply of goods. Occasionally, the offer is more than 14700-14800 yuan / ton. Although the current market transaction is not ideal, but in view of the demand space of the downstream market, the information of the holder is sufficient.

Another important raw material epichlorohydrin market also showed a rising trend. In November, epichlorohydrin in Shandong market increased by nearly 4%, and the current market offer was 11200-11400 yuan / ton. The price rise of epichlorohydrin is mainly affected by the surge of downstream products.

In terms of equipment, the liquid epoxy resin plant is generally in normal operation, and a few factories offer 28000-30000 yuan / T; the load of solid epoxy resin is low, including Huangshan Runyuan 15000 tons of solid epoxy resin and Huangshan Yongli 12000 tons of solid epoxy resin plants have been shut down for repair since October 28. In December, two large-scale resin factories shut down for more than ten days, and the resin production will be reduced by several thousand tons, which makes the products in short supply difficult to improve in the short term.

From the perspective of business agencies, under the tight supply of epoxy resin market, it will run at a high level in the short term. The upstream and downstream situation will be closely watched, and the short-term liquid epoxy resin will run at about 30000 yuan / ton.

Trade name: calcium carbide

Latest price (November 9): 3056.67 yuan / ton

On November 9, the ex factory price of calcium carbide in Northwest China rose by 116.67 yuan / ton, or 3.97%, compared with that on November 6. The price of raw materials is low, and the cost of calcium carbide is generally supported. However, the downstream PVC is in serious shortage recently, and the market is rising sharply. The downstream customers are more active in purchasing calcium carbide and calcium carbide supply is normal.

In the near future, the factory price of calcium carbide in Northwest China will rise slightly: the manufacturer’s quotation is about 3100 yuan / ton.