On May 26, the sulfur commodity index was 28.90, up 0.37 points from yesterday, down 72.17% from 103.84 (2011-11-02), the highest point in the cycle, and up 12.06% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the price trend of sulfur rose on the 26th, and the sulfur production price in East China was 526.67 yuan / ton, up 1.28% per day. On Tuesday, refineries in various regions in China adjusted their prices according to their own shipments, and Sinopec’s solid-liquid sulfur in East China increased by 20 yuan / ton at the same time; Sinopec’s Yanshan Petrochemical in North China increased by 10 yuan / ton at the same time; Sinopec’s quotation for liquid sulfur in Shandong increased by 10 yuan / ton.

On the downstream side, the domestic monoammonium market trading is flat, enterprises have no inventory pressure for the time being, some enterprises also have strong price intention, but some manufacturers hold firm to the idea, the industry is mainly cautious at present, and the overall market consolidation and operation. The diammonium market is running smoothly, the domestic market is light, the market demand is weak, the enterprise mentality is general, the current price has no fluctuation, maintaining the previous level. In the near future, the plant operation of manufacturers is stable, the short-term operation of enterprises is normal, the supply is a little tight, the price of mainstream manufacturers in Shandong is temporarily stable, the inventory of manufacturers is small, and the downstream demand is general.

The domestic sulfur market is stable and rising. Recently, the port sulfur price has risen. However, there are not a large number of transactions in the market. The shippers in the port are not eager to ship, and the buyer also follows the market. The quotation of domestic refineries has been slightly adjusted. At present, the demand for phosphate fertilizer is not high, the export volume and price are not stable, the enthusiasm of the factory to enter the market is not high, and the overall market is stagnant.

Aftermarket forecast: sulfur analysts of the business club believe that the supply and demand in the sulfur field lacks substantive information guidance at present, and it is expected that the domestic sulfur market will operate stably in the short term.

1、 Price trend

According to the data monitored by the business association, as of May 26, the average price of domestic rubber grade and high-quality white carbon black was 4566.67 yuan / ton. The domestic rubber grade and high-quality white carbon black kept stable operation, stable price and just needed procurement.

market analysis

Product: the domestic rubber grade high-grade white carbon black operates stably. For many years, the tire industry has been relying on precipitated white carbon black as an important reinforcing agent in rubber to improve the tire’s wet skid resistance, steering controllability and wear resistance. Generally speaking, it plays an important role in vehicle safety and fuel consumption. At present, the domestic car and bus market recovers slowly, which is of great significance to rubber grade white carbon black The demand is not good, the transaction atmosphere is flat and stable in a short period of time. At present, Shandong Lihua New Material Co., Ltd. offers 4200 / ton of rubber grade superior products, Shandong Shouguang Changtai micro nano factory 5000 yuan / ton of rubber grade superior products, and Boai Xiangsheng silicon powder Co., Ltd. offers 4500 yuan / ton of rubber grade superior products, which is a real deal.

Industry chain: the comprehensive price of hydrochloric acid in North China this week is temporarily stable, with the quotation of 203.33 yuan / ton. On the whole, the hydrochloric acid market this week is temporarily stable. At present, the supply and demand are balanced and the demand is average.

Industry: on May 25, the chemical industry index was 644, the same as yesterday, down 36.61% from 1016 (2012-03-13), the highest point in the cycle, and up 7.69% from 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

Future forecast

According to the white carbon black analyst of business agency, the domestic rubber grade and high-quality white carbon black will continue to operate stably in the short term. (the above prices are provided by the major manufacturers of silica all over the country and analyzed by the business silica analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)

1、 Price trend

According to the price monitoring of the business agency, the comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride was 1885.00 yuan / ton, down 19.79% year-on-year compared with the same period last year. Overall, this week’s potassium chloride market was temporarily stable, with the potassium chloride commodity index at 59.84 on May 22.

2、 Market analysis

The quotation of mainstream potassium chloride manufacturers this week is temporarily stable: the weekly ex factory quotation of Qinghai Salt Lake potassium chloride is 1820 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the weekend distribution quotation of Anhui Badu potassium chloride is 1950 yuan / ton, which is temporarily stable compared with that at the beginning of the week. This week, the actual transaction in the potassium chloride market is not good. On the whole, the main contradiction in the market is that the supply exceeds the demand, the trading atmosphere is cold, the downstream procurement is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

Potassium chloride market overall trend or low consolidation in late May. The market of potassium chloride is faced with three major pressures, namely, large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. According to analysts of KCl in business association, the short-term market of KCl is dominated by low consolidation under the influence of supply and demand and raw materials.

1、 Price trend

According to the data monitored by the business agency, at the beginning of the week, the price of domestic industrial grade first-class potassium nitrate was 4325.00 yuan / ton, while at the end of the week, the price of domestic industrial grade first-class potassium nitrate was 4312.50 yuan / ton, down 1.74%, and the current price was 2.20% lower than last year.

2、 Market analysis

Product: this week, the domestic potassium nitrate declined slightly. Recently, the domestic potassium chloride consumption is in the off-season. The port market has a sustained wait-and-see mentality. The available inventory is gradually increasing. Traders are eager to ship. The actual order in the market is generally closed, and the price of potassium chloride is weak and consolidated. Weak support for potassium nitrate Market, poor downstream demand to maintain rigid purchase, trading atmosphere of potassium nitrate Market is cold and clear, the actual volume is low, potassium nitrate market fell all the way. This week, the domestic mainstream potassium nitrate manufacturers quoted 4000-4500 yuan / ton (the quotation is only for reference), according to the purchase situation, the quotation is different.

3、 Future forecast

According to the potassium nitrate analyst of the business agency, in the near future, the domestic potassium fertilizer market is dominated by a weak downward trend, with more new goods coming from the port, and the subsequent price is mainly affected by the inventory. It is expected that the potassium nitrate Market will be dominated by a weak downward trend in the short term.

1、 Price trend

According to the data of the business club’s bulk list, the domestic toluene market fluctuated narrowly this week. As of Friday, the domestic average price was about 3410 yuan / ton, down 2.57% on last week.

2、 Analysis and comment

1. Product: as Europe and the United States gradually liberalize the restrictions on the epidemic blockade, global demand is expected to improve, but the overall demand is still insufficient. Affected by this, the price of toluene in China is adjusted by shocks this week. At present, the mainstream price in East China is about 3430 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, supported by Saudi Arabia, the United Arab Emirates and Kuwait taking the lead in reducing production, the three major crude oil market reports show that the current oversupply situation has eased. At the same time, with the gradual release of restrictions on the epidemic blockade in Europe and the United States, global crude oil demand is expected to improve. Affected by this, this week’s oil price rebound. However, the market is still worried about the risk of a second outbreak, and the weak economic outlook of the United States still limits the rise of oil prices. Generally speaking, early signs of gradual recovery of oil market balance can be seen, but uncertainty in the oil industry still exists. As of early Friday morning, Brent futures rose 29.62%, Brent futures 17.68%, WTI futures 17.41% and Dubai futures 25.12%.

In the downstream, the TDI market is slightly stronger, and the quotation keeps rising. At present, the quotation of domestic goods with bills is 10500-10600 yuan / ton, the quotation of Shanghai goods with bills is 10800-11000 yuan / ton, and the listing price of Wanhua chemical in May is 12000 yuan / ton. It is expected that the short-term TDI market will maintain a stable and small rebound trend, and pay close attention to the later information guidance of the factory and the actual market delivery Investment situation. In PX market, this week, the price of domestic Sinopec’s enterprises is about 4000 yuan / ton, and the latest price of the external market is about 467 US dollars / ton for FOB South Korea and 485 US dollars / ton for CFR China. It is expected that the market price of PX will maintain a stable trend in the short term.

3、 Future forecast

Toluene analysts from the chemical branch of business society think: in the short term, we can see the supply cost end, OPEC + production reduction, crude oil futures delivery trend in June, and the situation in the US and Iraq. In the medium term, we can see the demand side, the progress of economic restart in Europe and the United States, and the progress of industrial chain recovery. Next week, we will focus on the impact of the approaching June crude oil futures delivery trend. In a word, it is expected that the toluene price in the domestic market next week will depend on the crude oil trend, with great uncertainty.