1、 Price trend

According to the monitoring data of the business association, as of March 3, the average market price of organosilicon DMC in several mainstream areas monitored by the data was 18066 yuan / ton, down 933 yuan / ton or 4.91% compared with the beginning of March.

2、 Market analysis

Product: since the beginning of March, the overall weakness of organosilicon DMC market has been running low. With the slowdown of the epidemic, the operating rate of downstream enterprises has been steadily rising, and the terminal resumption has been carried out recently. However, downstream enterprises have been cautious in the preparation of upstream raw materials. Although the operating rate of monomer factories has been controlled all the time, the current operating rate is about 60%, but since last week, the quotations of some manufacturers have been reduced by 300-1000 yuan / ton No, the market price stabilization mentality has basically collapsed, and manufacturers have begun to show a low price bidding mode. This week, the quotation of organosilicon DMC is generally reduced by about 500 yuan / ton again. At present, the mainstream quotation of DMC is around 17800-18500 yuan / ton, and the lowest quotation has reached 17000 yuan / ton (net water spot exchange). In order to stimulate the shipment, the actual transactions have been explored one after another, and the actual transactions of some large households yield more profits. However, the downstream stock up is not very active, most of them are cautious to wait and see, and the terminal market has not been fully opened. At present, the overall operating rate of single plant has declined again. During the shutdown of Tangshan Sanyou, Hubei Xingfa and Shandong Jinling units, it is understood that Zhejiang Hesheng will also stop for maintenance this weekend, and the operating rate of most other single plants is about 60%.

Industry chain: at present, the terminal demand has not been fully released, the demand for silicone oil and 107 rubber products is still low, the market has not fully recovered, and it is unable to stimulate the expansion of 107 rubber trading volume in a short term. At present, the quotation of 107 rubber market in China has been reduced sporadically, the resumption of terminal work is slow, and the market as a whole is weak. The quotation of raw rubber market is stable and slightly reduced. At present, the market just needs to purchase. At present, the silicone oil market maintains stable operation. With the orderly recovery of logistics, the market gradually recovers. Under the weakening of cost support, the downstream risk averse procurement is on demand.

3、 Future forecast

According to analysts of the business club, it is expected that in the near future, in order to stimulate the delivery of goods, the quotation adjustment may be more frequent, and the downstream manufacturers may also be ready to stock up at any time while waiting. The market also needs to pay more attention to the downstream demand and the adjustment of the manufacturers’ commencement.

1、 Price trend

According to the data of the business club’s bulk list, the domestic toluene market price fell sharply this week, as of Friday, 5.04% lower than last week.

2、 Analysis and comment

1. Product: due to the collapse of OPEC + production reduction agreement between OPEC and Russia, coupled with the continuous spread of overseas epidemics, and the fear of shrinking demand for crude oil, the international crude oil price fell sharply this week, as well as the price of toluene in South Korea market. Although domestic enterprises have entered the resumption period and the market demand has gradually improved, the domestic toluene price still follows the decline. At present, East China The main price is about 4800 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, the international oil price rebounded at the beginning of this week and fluctuated steadily. As of Friday, Brent futures rose 2.01%, Brent futures rose 2.94%, WTI futures rose 2.49% and Dubai futures rose 3.65%.

In the downstream, TDI, at present, the price of toluene TDI is about $557 / T FOB ARA, and the price of domestic goods delivered with tickets is 11000 yuan / T for reference. Affected by the slow recovery of downstream demand, it is expected that the TDI market will stabilize after the bottom exploration next week. In PX market, this week, the price of domestic Sinopec’s enterprises is about 6200 yuan / ton, and the latest price of the external market is about 665 US dollars / ton for FOB South Korea and 683 US dollars / ton for CFR China. It is expected that PX market price will stabilize after the bottom is reached next week.

3、 Future forecast

Toluene analyst of business and chemical branch said: next week, we will continue to focus on the news of OPEC + production reduction agreement, worries about the global economy due to the continuous spread of overseas epidemic, international crude oil trend and the progress of downstream enterprises’ resumption. On the whole, it is expected that the price of toluene in the international crude oil market and South Korean market will rebound in the next week, adding that domestic enterprises will gradually enter the resumption period, and the market demand will gradually improve. It is expected that the price of toluene in the domestic market will stabilize in the next week.

1、 Price trend

According to the price monitoring of the business agency, the average price of the mainstream manufacturers on March 2 was 18333.33 yuan / ton, and the average price of the weekend (6 days) was 18333.33 yuan / ton. This week’s market is temporarily stable. On March 8, the R22 commodity index was 110.00, flat with yesterday, down 0.90% from the period’s highest point of 111.00 (2020-02-24), and up 31.89% from the lowest point of 83.40 on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 price in refrigerant market is stable this week. In March, the market gradually revived. In the near future, the price of hydrofluoric acid at the raw material end has increased, which has strong support for refrigerant R22. However, the demand side industry is still weak, and this week, the trend of refrigerant R22 is stable. As of March 6, the average price of refrigerant R22 is about 18333.33 yuan / ton, and the quotation is mostly about 17500 yuan / ton – 19000 yuan / ton. The refrigerant R22 is in a high stable state.

Industry chain: this week, the price trend of hydrofluoric acid slightly increased. Recently, the situation of on-site manufacturers’ delivery has improved. Some on-site manufacturers have not yet resumed production. In addition, the transportation is still limited. The domestic spot supply of hydrofluoric acid is tight, the purchase demand has increased, and the market price of hydrofluoric acid has slightly increased. In the near future, the price of raw material fluorite remains high, and the market price of hydrofluoric acid has been supported, The price trend of hydrofluoric acid in China is rising. By the end of the week, the mainstream of hydrofluoric acid negotiation in the south is 11000-11500 yuan / ton, while the price of hydrofluoric acid in the north market is 10500-11500 yuan / ton. The terminal air conditioning manufacturers have resumed work, but the demand is average.

Industry: according to the price monitoring of the business agency, in the list of commodity prices rising and falling in the 9th week of 2020 (3.2-3.6), there are 23 kinds of commodities in the chemical sector, among which there are 2 kinds of commodities with an increase of more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 commodities are sulfur (8.38%), sulfuric acid (7.78%) and propylene (4.36%). There are 30 commodities with a decline of 5% or more, accounting for 1.1% of the monitored commodities in the sector; the top three products with a decline are epichlorohydrin (- 6.28%), mixed xylene (- 4.46%) and ethanol (- 4.39%).

3、 Future forecast

According to the refrigerant analyst of business club, the operation rate of R22 unit has been improved at present, and the rising price of raw material end supports the refrigerant R22, but the demand starts slowly, and it is expected that the refrigerant R22 will be integrated in the short term.

1、 Price trend

 
2、 Market analysis

Mannheim potassium sulfate factory: about 2700 50% powder; about 2800 50% particle and 52% water-soluble powder. At present, the agricultural demand for potash fertilizer is increasing, the start-up of downstream compound fertilizer enterprises is increasing significantly, the upstream potassium chloride market is also rising gradually, and the potassium sulfate Market is getting better. Manheim potassium sulfate plant shutdown maintenance situation is more, some areas of hydrochloric acid paste Market is still unable to break the situation. Up to now, the operating rate of the whole industry of potassium sulphate in China is about 50%, that is to say, the operating rate of potassium sulphate in Mannheim and water salt system has basically recovered to about 50%. According to the judgment and suggestions in the early stage, when the operating rate of the industry is higher than 50%, the pressure will gradually increase, but it is still in the peak season, and some digestion in the early stage, so most manufacturers will not appear in the short term Obvious pressure. Potassium sulfate Market is mainly because the low operating rate catches up with the demand and starts to release. In addition to some hype, there is still a lack of sustained power for the time being. In March, the main concern is the change of cost and price, followed by the change of operating rate and inventory.

3、 Future forecast

Analysts of potassium sulphate of business association think that in the future, more attention should be paid to the price, operating rate, inventory rate and transportation of upstream potassium chloride. In the short term, the price of potassium sulphate is mainly stable.

1、 Price trend

Adipic acid market trend chart

According to the data of the business club’s large list, the domestic adipic acid Market in February has not changed much compared with that before the year, and the quotation is slightly lower, down 0.74% in the whole month. The quotation of dealers is partially lower, not much, up to 50-100 yuan / ton, and the mainstream quotation as of February 28 is generally 8000-8200 yuan / ton.

2、 Analysis and comment

This month, the adipic acid market was weak and stable, the market was generally affected by the epidemic situation, the supply and demand were not strong, and the transaction fell into freezing point. In most regions, the price of adipic acid has not changed much since the beginning of the month. The price of adipic acid has reached a low level within one year. Some dealers have slightly reduced their prices. Basically, the supply pressure and weak market demand caused by poor transportation are the main factors that hinder adipic acid to get out of the weak situation. In addition, the cost side has lost support again. The continuous low price of pure benzene has made the adipic acid Market snow Frost. At present, the downstream demand for adipic acid has not improved, and the downstream operating rate has been at the lowest point in the whole February. In addition, the social inventory pressure has not been alleviated, the market has not reversed the upward momentum, and the enterprise inventory and market inventory remain at a high level, which is inseparable from the current low demand and low procurement, and is also a secondary problem brought by transportation. This is also the adipic acid price did not usher in an important reason for the rebound after the year.

From a regional perspective: the prices in East China and South China are still low, some prices have been lowered, and the demand is weak. At present, the downstream market still generally holds a wait-and-see attitude, and the transaction is slightly deadlocked. In addition, on the upstream cost side, the price of pure benzene re entered the downward channel in February. According to the monitoring of the business agency, the price of pure benzene fell by 7.37% in February. On the one hand, the downward price of the upstream made adipic acid not supported, but on the other hand, it alleviated part of the pressure of the current manufacturers. As the procurement of the downstream manufacturers shrank, adipic acid could not be refunded, so it could only maintain the low price level.

Trend chart of pure benzene Market

First of all, from the perspective of supply, the overall supply pressure of the market is still large. After the year, the factory’s operating rate slowly recovered to the level before the festival, and the factory’s inventory gradually accumulated. On the contrary, there are not many dealers returning to work and entering the market, and the inventory pressure is not large. The market inventory is generally at both ends. To a large extent, it is affected by the downturn in the downstream purchase orders. In addition, the manufacturer’s unit operating rate is now back to normal, coupled with the downturn in the export market, and the excessive supply pressure is an important reason why the adipic acid price has not come out of the weak market.

PA66 market trend chart

In terms of demand, in February, the downstream procurement is still not strong. At present, the downstream centralized stock up behavior has not appeared, and most of the procurement is on demand. The enthusiasm of stock up is not high. In 2020, the nylon 66 market is even more sluggish, and the downstream operation rate continues to decline, basically below 50%. Especially affected by the epidemic situation, the nylon 66 market has fallen to the freezing point, and there is no adipic acid in the upstream A strong boost was generated. According to the monitoring of the business agency, the downstream PA66 of adipic acid has continued to decline since the middle of December last year. As of February 28, the decline of PA66 was 2.39% (as shown in the figure above). The downturn in the downstream market is the decisive factor for the difficulty of adipic acid getting out of the predicament.

3、 Future forecast

Adipic acid analysts from the chemical branch of business society think that the weak market of adipic acid continued years ago after the festival. In the middle and later stages of the festival, it is not likely that the price will reverse. On the one hand, we should pay attention to the effect of market de stocking, on the other hand, we should pay attention to whether the downstream demand can be followed up, especially the time point for small and medium-sized dealers to return to work. It is expected that as the epidemic situation in China gradually comes to an end, the small and medium-sized enterprises The dealers are back to work in an all-round way, and adipic acid inventory is expected to be further digested. At the same time, the downstream operating rate will also be further improved. Considering the oversold of the current market, adipic acid is expected to have a certain rebound.