Category Archives: Uncategorized

May 8 China’s domestic price trend of xylene steady

May 7 The PX Commodity Index was 60.00, the same as yesterday, down 41.41% from 102.4 at the highest point in the cycle (2013-02-28), up 31.72% from its lowest 45.55 point on February 15, 2016.

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(Note: cycle refers to 2013-02-01 to date). 8th domestic to Xylene market price trend temporary stability, the field installation Pengzhou petrochemical plant operation is stable, Urumqi petrochemical plant started 50%, Fuhai invasive aromatic device driving a line, CNOOC Huizhou Refining Plant Maintenance, Hengli petrochemical PX device put into production, other devices temporarily stable operation, As a result of the new installation of domestic paraxylene market supply normal, the market price trend of xylene is temporarily stable. The operating rate of PX devices in Asia was around 80%, and the price of xylene was stable in the Asian region on May 7, with a closing price of 885-887 USD/ton FOB Korea and 904-906 USD/ton CFR China, more than 50% of the domestic needs to be imported,

The low price of foreign plate has a certain negative effect on the domestic market price of xylene, and the price trend of xylene in the field is stable. May 7 U.S. WTI crude oil June futures market prices fell, reported 61.40 U.S. dollars/barrels, a decline of 0.85 U.S. dollars, Brent crude oil July futures prices fell, reported 69.88 U.S. dollars/Barrels, The decline of 1.36 U.S. dollars, crude oil price trend decline, for the downstream petrochemical product prices lost a certain cost support role, the xylene market price trend is temporarily stable. Recent textile industry market stability, PTA price 8th trend Shock, East China newspaper average price in 6650-6750 yuan/ton near self-mention, as of 7th domestic PTA start rate in about 80%, polyester industry start rate of about 91%, downstream production and sales rate to maintain a high, but the PTA market price changes are not big, The late PX market price is expected to remain volatile.

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May 7 China’s domestic benzene anhydride market price trend decline

May 6 The Phenylanhydride Commodity Index was 63.42, down 0.33 points from yesterday, down 47.21% from 120.13 at the highest point in the cycle (2012-02-28), up 48.42 from its lowest point of 30.98% on January 21, 2016.

(Note: cycle refers to 2011-09-01 to date). Recently, the domestic phenylanhydride market price trend is slightly lower, east China phenylanhydride phenylanhydride Market weak low, downstream factory maintenance just need to purchase, factory inventory pressure continued, high-end transactions blocked, the field adjacent to the law source negotiations in 6500-6600 yuan/ton, naphthalene method source talks mainstream in 6200-6300 yuan/ton

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, North China Phenylanhydride market mainstream quotation in 6400-6500 yuan/ton, the market weak shock mainly, the price of each enterprise small decline, downstream construction is not high, on-demand procurement mainly, the wait-and-see mentality is thicker, the domestic phenylanhydride device operation is stable, the field phenylanhydride spot supply is normal, the goods market is not good, phenylanhydride price trend Yin fell. Recent Phenylanhydride upstream products phthalic Sinopec implementation price of 6700 yuan/ton, the current market price of 6700 yuan/ton, quotation stability, port goods market in general. Upstream raw materials mixed xylene price shock stability, adjacent benzene volume in general, port phthalic inventory low, adjacent benzene foreign disk price, the cost of imported phthalates rise, the actual transaction price of a detailed details, upstream price trend stability, phenylanhydride market prices to maintain a weak. Downstream DOP prices are lower, DOP downstream demand in general, customer procurement enthusiasm is not good, DOP market mainstream transaction price of 8000-8100 yuan/ton or so, after the fall pressure of DOP still exist, downstream prices slightly lower, for upstream phenylanhydride demand is limited, phenylanhydride market price slightly lower, The expected late-stage phenylanhydride market price may be around 6400 yuan/ton.

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May 6 China’s domestic benzene anhydride market price trend decline

May 5 The Phenylanhydride Commodity Index was 63.75, the same as yesterday, down 46.93% from 120.13 at the highest point in the cycle (2012-02-28), up 31.66% from its lowest 48.42 point on January 21, 2016.

(Note: cycle refers to 2011-09-01 to date). Recently, the domestic phenylanhydride market price trend is slightly lower, east China phenylanhydride phenylanhydride Market weak low, downstream factory maintenance just need to purchase, factory inventory pressure continued, high-end transactions blocked, the field adjacent to the law source negotiations in 6500-6600 yuan/ton, naphthalene method source talks mainstream in 6300 yuan/ton

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, North China Phenylanhydride market mainstream quotation in 6400-6500 yuan/ton, the market weak shock mainly, the price of each enterprise small decline, downstream construction is not high, on-demand procurement mainly, the wait-and-see mentality is thicker, the domestic phenylanhydride device operation is stable, the field phenylanhydride spot supply is normal, the goods market is not good, phenylanhydride price trend Yin fell. Recent Phenylanhydride upstream products phthalic Sinopec implementation price of 6700 yuan/ton, the current market price of 6700 yuan/ton, quotation stability, port goods market in general. Upstream raw materials mixed xylene price shock stability, adjacent benzene volume in general, port phthalic inventory low, adjacent benzene foreign disk price, the cost of imported phthalates rise, the actual transaction price of a detailed details, upstream price trend stability, phenylanhydride market prices to maintain a weak. Downstream DOP prices are lower, DOP downstream demand in general, customer procurement enthusiasm is not good, DOP market mainstream transaction price of 8000-8100 yuan/ton or so, after the fall pressure of DOP still exist, downstream prices slightly lower, for upstream phenylanhydride demand is limited, phenylanhydride market price slightly lower, The expected late-stage phenylanhydride market price may be around 6500 yuan/ton.

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May 5 China’s domestic fluorite market price trend temporarily stable

The Fluorite Commodity Index of May 4 was 99.47, the same as yesterday, down 21.98% from 127.49 at the highest point in the cycle (2019-01-03), up 102.13% from the lowest 49.21 point on December 18, 2016.

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(Note: cycle refers to 2011-09-01 to present) According to statistics, the domestic fluorite price trend is stable, as of 5th, the domestic fluorite average price of 2835 yuan/ton, the recent domestic fluorite device driving normally, the field mine and flotation device normal start, the field fluorite supply Normal, the recent downstream freight market in general, for the fluorite market on demand procurement, fluorite price trend shock. Recently downstream plant construction situation is poor, the field fluorite spot supply is normal, terminal downstream pick-up situation is not good, resulting in market price trend temporary stability. As of 5th, Inner Mongolia 97 fluorite wet powder price in 2700-3000 yuan/ton, Fujian region 97 fluorite Wet powder talks mainstream in 2600-3000 yuan/ton, Henan Region 97 fluorite Wet powder price in 2600-3000 yuan/ton, Jiangxi Region 97 fluorite Wet powder price in 2700-3000 yuan/ton

, Fluorite price trend to maintain concussion. Fluorite downstream hydrofluoric acid market price trend temporarily stable, as of 5th domestic hydrofluoric acid market price of 10550 yuan/ton, hydrofluoric acid market price shock for the upstream fluorite market has a certain positive impact, but the recent start of hydrofluoric acid device has declined, for the demand for fluorite weakened, fluorite price shock operation. Recently downstream refrigerant product plant started in low, the upstream fluorite and hydrofluoric acid demand in general, the recent downstream refrigerant trading market in general, hydrofluoric acid product prices slightly lower. Recently terminal downstream refrigerant market trading market cold, R22 refrigerant device surface started in 60%,R22 market installation rate of temporary stability, the main production enterprises Scatterwater factory price of 18000-18800 yuan/ton between, but the production enterprises do not have scatterwater spot, more than a small number of cylinders shipped mainly. In addition, the actual demand surface of the market changes little, shipping market in general. Domestic R134a market price trend shock, production enterprises plant construction rate to maintain low, refrigerant market demand in general, manufacturers shipped to export-oriented. But the market transaction price changes are not big, merchants on demand procurement, comprehensive view, downstream industry market in general, coupled with the fluorite market supply normal, fluorite price trend temporarily stable, business analyst Chen Ling think fluorite market price or will maintain the trend of concussion.

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Trump asked OPEC to increase production while WTI closed slightly higher.

U.S. crude oil futures closed slightly higher on Monday, and U.S. President Trump on Friday asked the Organization of Petroleum Exporting Countries (OPEC) to increase production to ease the impact of tightening U.S. sanctions on Iran, halting weeks of gains.

On April 29, WTI crude oil futures rose to $63.50 a barrel in June, an increase of $0.20. Brent crude oil futures fell to $72.04 a barrel in July, a decrease of $0.11.

Trump asked OPEC to increase U.S. crude oil futures to rise on Monday

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The two crude oil contracts fell about 3% last Friday after Trump told reporters that he had called OPEC and asked the organization to lower oil prices. Trump did not say who to talk to, nor did he say whether he was talking about previous discussions with OPEC officials.
As the details are still unclear, analysts and market participants put aside these comments.

“There is no OPEC representative or the Saudi government to acknowledge any discussion in this regard,” said Jim Ritterbusch, president of Ritterbusch and Associates. “Trump has also adopted this obvious practice of lowering the price of gasoline. Although it initially caused the price of gasoline to fall, the price reached a new high, sometimes within a few days.”

Trump’s remarks initially triggered a sell-off, briefly suppressing the gains since the beginning of the year, with a cumulative increase of 40%. Analysts said technical factors exacerbated price declines, including excessive speculative long positions in US crude oil.

In the week ending April 23, speculators increased the net long position of crude oil futures and options in New York and London by 24,078 to 326,818, the highest level since early October. This is the ninth consecutive week of growth.

Oil prices accelerated in April, after Trump tightened sanctions against Iran and completely ended the previous exemption for Iranian crude oil buyers.

A senior Iranian official said on Monday that the US sanctions on the Iranian oil industry would undermine the stability of the global oil market. “These sanctions are an example of the US’s strong reaction to changes in the balance of power in the world,” Iranian Deputy Oil Minister Amir Hossein Zamaninia said in a report published by the Ministry of Petroleum news website SHANA.

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