1、 Price trend

According to the data in the business club’s large scale list, the price of pure benzene on Friday (February 21) was 5050-5800 yuan / ton, and the price of pure benzene on Friday was 5100-5800 yuan / ton, showing a downward trend of shock, down 1.28% compared with last week.

2、 Analysis and comment

1. Product: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton.

2. Crude oil: this week’s crude oil changed from last week’s continuous rise, falling for four consecutive days, WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent fell 10.76% and WTI fell 11.41% compared with February 21.

3. Downstream industry: the demand for downstream styrene is not strong, and the inventory pressure is high. The price on Friday was 6700 yuan / ton, 1.01% higher than last week.

Due to the fact that the Jinling aniline plant is still in operation, the downstream procurement is not prosperous but the price of aniline is stable.

3、 Future forecast

1. Crude oil: next week’s oil price will focus on the progress of epidemic control.

2. Market: the contradiction between supply and demand of pure benzene enterprises is prominent. The large refinery in Northeast China has been restarted. The load will be increased in the later period, and the supply pressure will be further increased. Therefore, the market is difficult to improve significantly.

It is expected that pure benzene will still operate weakly next week.

1、 Price trend:

On February 27, crude benzene commodity index was 66.27, unchanged from yesterday, down 49.73% from 131.84 (2013-01-28), the highest point in the cycle, and up 68.84% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis:

Domestic market: the bidding price of crude benzene market is stable this week, most manufacturers haven’t made major adjustment, the start-up of coking enterprises is still low, and the output of crude benzene, tar, and other by-products has declined significantly. Although the start-up of downstream hydrobenzene enterprises has gradually recovered, the crude oil and pure benzene prices have fallen sharply. The listing price of Sinopec’s pure benzene has been lowered to 5350 yuan / ton. This week, the hydrobenzene market in Shandong Province has declined slightly by about 50 yuan / ton. At present, the cost pressure of hydrobenzene enterprises is relatively high. As of Friday, the price of crude benzene in Shandong was 4120-4180 yuan / ton, up 30 yuan / ton from last week.

Industry chain: in terms of crude oil: this week, the crude oil changed the form of continuous increase last week, falling for four consecutive days, and WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent was down 10.76% and WTI was down 11.41% compared with February 21.. Pure benzene: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton. Downstream: demand for downstream styrene is not strong, and inventory pressure is high. Friday’s price is 6700 yuan / ton, up 1.01% from last week.

3、 Trend Forecast:

Next week, oil prices will focus on the progress of epidemic control. The contradiction between supply and demand of pure benzene enterprises is prominent. The downstream enterprises of pure benzene are currently operating at a low level, so it is difficult for crude benzene market to have a good support. It is expected that the fluctuation of crude benzene market will be limited in the short term.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of calcium carbide in Northwest China fell slightly this week. This week, the average ex factory price of mainstream carbide manufacturers fell from 2890.00 yuan / ton at the beginning of the week to 2873.33 yuan / ton at the end of the week, down 0.58%, up 4.87% year on year. On the whole, carbide market fell slightly this week, with the carbide commodity index at 75.28 on February 28.

2、 Trend analysis

（1） Products:

The ex factory price of calcium carbide in Northwest China fell slightly this week: oveganone’s quotation for calcium carbide this weekend was 2850 yuan / ton, down 50 yuan / ton compared with the beginning of the week; Shaanxi coal industry’s quotation for calcium carbide this weekend was 2750 yuan / ton, temporarily stable compared with the beginning of the week; China United Inner Mongolia’s quotation for calcium carbide this week was 2820 yuan / ton, temporarily stable compared with the beginning of the week; Xingping Ningxia’s quotation for calcium carbide this weekend was 2950 yuan / ton , compared with the beginning of the week, the quotation is temporarily stable.

This weekend, the actual transaction price of carbide in Northwest China is about 2700-3000 yuan / ton: the mainstream transaction price of carbide in Shaanxi is about 2700-2800 yuan / ton; the mainstream transaction price of carbide in Ningxia is about 2950 yuan / ton; the mainstream transaction price of carbide in Inner Mongolia is about 2800 yuan / ton, and the actual transaction price is mainly negotiated.

（2） Industrial chain:

Upstream raw material Market: this week, the ex factory quotation of Lancan is temporarily stable, the quotation of small materials is 730.00 yuan / ton, the quotation of medium materials is 820 yuan / ton, and the quotation of large materials is 880 yuan / ton. The price of raw materials in the upstream is low and consolidated, and the cost support is insufficient, which has a negative impact on the price of calcium carbide.

Downstream market: PVC factory price fell slightly this week. PVC price dropped from 6587.50 yuan / ton at the beginning of the week to 6337.50 yuan / ton at the end of the week, down 3.80%, up 0.60% year on year. This week, the price of PVC in the downstream fell, but compared with last year, the price is higher, and the downstream PVC plant is gradually starting, which has a high enthusiasm for calcium carbide procurement. As a whole, PVC market this week has a positive impact on the price of calcium carbide.

3、 Future forecast

In the first ten days of March, the market of calcium carbide fluctuated slightly. The price of raw materials in the upstream is low, and the cost support is not enough. However, the transportation situation tends to be normal gradually. The downstream PVC plant starts gradually, and the downstream customers are more active in purchasing calcium carbide. In the early March, the price of calcium carbide in the northwest may rise in shock.

1、 Price trend

According to the monitoring data of business agency, as of February 26, the average price of domestic ethanol market was 5720 yuan / ton, 3.26% higher than that of the same period last month, and 8.61% higher than that of the same period last year. The domestic ethanol market continued to decline.

2、 Market analysis

Product: the price of ethanol in some domestic markets continues to be lowered. The alcohol market in Shandong Province is declining, and the downstream demand is weak; the price of corn ethanol market in Jilin Province is decreasing, the enterprise’s quotation is obviously stable, the order is delivered, and the inventory of some enterprises is increased. It is heard that a production enterprise in Heilongjiang has shut down its equipment, the downstream demand is weak, and the enterprise’s inventory is increased, but the current market price remains stable; there are still many sources of goods in South China, and the inventory alcohol is expanding, Consumption will take a while, while downstream demand is obviously not high, and negative market prices continue to fall. Market prices in other regions have stabilized temporarily.

Industry chain: corn: corn price fluctuates in a narrow range. In the near future, due to the continuous supply of policy corn, the improvement of logistics and shipping efficiency, and the decline of transportation cost, the shortage of corn supply in the main market area has been alleviated. The increase of grain supply and the lack of significant increase of demand have resulted in a reasonable price correction. At present, the surplus grain inventory is still on the high side, and the pressure of centralized grain sales still exists. On the demand side, the pig production cycle is long and the outbreak of avian influenza is back. The market is generally pessimistic about the demand expectation. It is expected that in late February and March, with the improvement of the epidemic prevention and control situation, the transportation link will gradually resume smooth, the supply of corn will gradually recover in the later period, and the space for corn price to continue to rise will be gradually limited. In the short term, it is expected that the price will continue to be stable, and local market adjustment will probably drag down the overall average price moderately weak.

Ethyl acetate: the domestic market of ethyl acetate is stable temporarily after falling. As the downstream terminal industry has not recovered and the market demand support is weak, there is no purchasing enthusiasm for the falling price of ethyl acetate. The raw material acetic acid continued to decline, giving the cost of ethyl acetate negative, but the short-term market decline has no support for shipments, ethyl acetate Market is expected to be weak in stages.

3、 Future forecast

At present, the inventory of ethanol enterprises is sufficient, and there are many sources of goods in the market, while the demand for 95% alcohol in the downstream is obviously weakened. Although other downstream enterprises, such as ethyl acetate, have started to increase, the demand has not been significantly increased. Although it is heard that under the aggravation of international public health events, in some neighboring countries without alcohol devices, foreign enterprises have started to inquire about alcohol, the estimated demand is not large enough Mass consumption of current production. In the case of serious contradiction between supply and demand, business alcohol analysts expect that the short-term domestic ethanol market price weakness will mainly decline.

1、 Price trend

According to the data monitored by the business association, the price of potassium nitrate, the first-class industrial product in China, recently quoted 4350.00 yuan / ton, which is stable. The current price is 3.06% lower than last year.

2、 Market analysis

Products: the domestic potassium nitrate Market has been stable in recent years. Due to the impact of the epidemic, the potassium carbonate enterprises are actively preparing to resume work, among which Wentong potash Group Co., Ltd., Wenshui Zhenxing chemical fertilizer Co., Ltd. and Jiaocheng County Hesheng Chemical Co., Ltd. have resumed work. The import volume of potassium chloride in the upstream port is still increasing, but most of it enters the bonded area, which is not available for sale temporarily, and the price is stable. The cost support of potassium nitrate is acceptable, the trading atmosphere of potassium nitrate Market is relatively flat, the downstream maintains rigid purchase, and the market of potassium nitrate is stable. Domestic mainstream manufacturers of potassium nitrate offer 4200-4500 yuan / ton.

3、 Future forecast

Potassium nitrate analysts of the business association think: in the near future, the market of potassium nitrate is stable, and the upstream market of potassium chloride is relatively stable. On the whole, the market of potassium fertilizer is not volatile. It is expected that the market of potassium nitrate will be consolidated in the short term.