Price Trend

According to the price monitoring of business associations, the price of calcium carbide manufactured in Northwest China fell slightly this week. This week, the average price quoted by mainstream carbide manufacturers fell from 2950.00 yuan/ton at the beginning of the week to 2916.67 yuan/ton at the end of the week, a decline of 1.13%, which was the same as the same period last year. Overall, calcium carbide market fell slightly this week, with the carbide commodity index of 76.42 on August 16.

II. Trend Analysis

(1) Products:

This week, the price of calcium carbide in Northwest China fell as a whole: Ovidiang’s offer for calcium carbide at weekend was 2950 yuan/ton, which was 50 yuan/ton lower than that at the beginning of the week; Shaanxi Coal Industry’s offer for calcium carbide at this week was 2850 yuan/ton, which was temporarily stable; Inner Mongolia China Union’s offer for calcium carbide at weekend was 2850 yuan/ton, which was 50 yuan/ton lower than that at the beginning of the week; Xia Xingping’s quotation for calcium carbide this week is 2950 yuan/ton, and the quotation is stable for the time being.

This weekend, the actual transaction price of calcium carbide in Northwest China is about 2800-2900 yuan/ton: the mainstream transaction price of calcium carbide in Shaanxi is about 2850-2900 yuan/ton; the mainstream transaction price of calcium carbide in Ningxia is about 2900 yuan/ton; the mainstream transaction price of calcium 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, coke ex-factory quotation rose from 1803.33 yuan/ton at the beginning of the week to 1916.67 yuan/ton at the end of the week, up 6.29%, down 14.10% from the same period last year. Although the price of raw materials in the upstream has risen, compared with last year, the price has fallen considerably, the cost support is insufficient, and the positive impact on the price of calcium carbide is limited.

Downstream market: PVC ex-factory prices rose slightly this week. The price of PVC rose from 6705.00 yuan/ton at the beginning of the week to 6767.50 yuan/ton at the end of the week, up 0.93%, down 5.55% from the same period last year. Although the price of downstream PVC has risen, but the increase is limited. Compared with last year, the price has fallen considerably. The downstream customers have a general enthusiasm for the purchase of calcium carbide. As a whole, the impact of PVC market on the price of calcium carbide this week is limited.

3. Future Market Forecast

After the adjustment in July, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Although the price of raw materials in the upstream has risen, compared with last year, the price has fallen considerably, the cost support is insufficient, and the positive impact on the price of calcium carbide is limited, while the price of PVC in the downstream has risen, but the increase is weak, the decline is larger than that in the previous year, and the downstream customers have a general enthusiasm for the purchase of calcium carbide. Later market forecast that the price of calcium carbide in the northwest region will fluctuate and fall in mid-August, but the decline is not significant, and the ex-factory price may be maintained at about 2900 yuan/ton.

On August 18, the fluorite commodity index was 108.55, unchanged from yesterday, down 14.86% from the cyclical peak of 127.49 points (2019-01-03), and up 120.59% from the lowest point of 49.21 on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic fluorite price trend slightly declined, the average domestic fluorite price was 3075 yuan/ton on the 19th day. Recently, the domestic fluorite plant started normally, the mine and flotation plant in the field started normally, the fluorite supply in the field was sufficient, and the hydrofluoric acid price in the downstream was lower recently. For the fluorite market, the price trend of fluorite market was on demand. Slide downward. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream receipt is poor, resulting in a decline in market prices. As of 19 th, the price of 97 fluorite wet powder in Inner Mongolia was 2800-3000 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian was 2900-3200 yuan/ton, the price of 97 fluorite wet powder in Henan was 2900-3200 yuan/ton, the price of 97 fluorite wet powder in Jiangxi was 2900-3200 yuan/ton, and the price trend of fluorite fell back.

The market price of hydrofluoric acid in the downstream of fluorite maintained a low trend. The domestic market price of hydrofluoric acid was 11 430 yuan/ton as of the 19th day. The decline of the market price of hydrofluoric acid has a negative impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general, the demand for fluorite has weakened, and the price of fluorite has slightly decreased. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, the production enterprise device is stable, but the pressure of goods is too high, inventory expansion appears to a certain extent, the enterprise aims to make profits to deliver goods. The downstream weakness continues, the peak season of refrigerants has passed, and demand has only decreased but not increased. The price of domestic large enterprises has maintained the level of 17,000-18,000 yuan/ton. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. However, the price of on-site transactions does not change much. Businessmen buy on demand. At the end of the peak season, the demand downstream of the terminal decreases but does not increase. The price affected by the fluorite market is slightly lower.

Overall, the downstream industry is slightly lower, coupled with sufficient supply of fluorite market, the downstream refrigerant industry demand is not good, Business Analyst Chen Ling believes that the price of fluorite market may be slightly lower.

I. Price Trend Chart of Sodium Pyrosulfite in China

According to the monitoring of business associations, the domestic price of sodium pyrosulfite continued to run at the bottom this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1816.67 yuan/ton, and the average price at the end of the week was 1816.67 yuan/ton, with an increase of 0.

II. Market Analysis

Product: This week, the overall performance of sodium pyrosulfite market is still low. The price range of industrial sodium pyrosulfite market is 1700-1900 yuan/ton. Most of the prices are concentrated in the vicinity of 1750-1800 yuan/ton. The raw material cost has been suppressed at a low level, and the upstream and downstream trade entities are cautious in buying and selling. In order to ensure that shipments continue to lower the market price of sodium pyrosulfite, the domestic market price of sodium pyrosulfite continued to run at a low level this week. Affected by high temperature and continuous shrinkage of processing profits, some manufacturers have entered the state of shutdown and maintenance. Enterprises mainly complete orders from old customers, and the market atmosphere is general. (The above prices refer to the foreign quotations of the mainstream domestic enterprises, some of which are not reported for the time being. The prices are for reference only. They have nothing to do with the final pricing of the manufacturers. For details, please contact the manufacturers for consultation.

Industry chain: Sodium pyrosulfite upstream soda price bottom operation this week, the overall price of sulphur continued to fall by 2.47%, raw material costs continued to suppress, in the short term, Sodium pyrosulfite market prices warmed and pressured.

3. Future Market Forecast

Business analysts believe that sodium pyrosulfite market is difficult to improve in the short term due to the continuous suppression of raw material costs, the shrinking of processing profits and the continuing slump in terminal demand.

Price Trend

The domestic BDO market is running smoothly. According to the sample data monitored by business associations, the average price of the domestic BDO market was 9360 yuan/ton as of August 15, rising by 1.74% annually and falling by 19.21% year-on-year.

II. Market Analysis

Products: The domestic BDO market runs smoothly. Under the pressure of cost, manufacturers are not willing to make profits. Except for Dongyuan Parking and Repair, there is no obvious change in other factories and no favorable support in the supply side; the downstream demand side is still weak, contract delivery is dominant, the spot market just needs small single delivery, and the high-end negotiation atmosphere is cold. At present, there are many negative factors in the domestic BDO market, and the supplier is strong and market intention is downward, and the focus is rigid.

On the market side, the BDO market in South China is deadlocked. The market is full of goods, the digestion of downstream contracts is slow, and the negotiation of spot orders is weak. Under the supply-demand game, the supplier’s price-keeping mentality supports the temporary stability of the market focus. The BDO market in East China is running steadily. At present, although there are factory maintenance, but the market supply is abundant, the downstream demand is weak, the actual single talk is cold, the factory price mentality, the center of gravity is stable.

Industry chain: raw materials, methanol: methanol market is stable, the mainstream price in Inner Mongolia this week is 1800-1850 yuan/ton, upstream factory shipments are smooth, most manufacturers stop selling, traders are optimistic about the recent market. The mainstream price in Guanzhong area today is 2000-2050 yuan/ton. As many factories in Guanzhong still haven’t recovered, the remaining factories insist on bidding, and Xianyang chemical plant will resume production soon.

Calcium carbide: Domestic Calcium carbide ex-factory price consolidation is the main trend, mainstream prices are stable, but real single transactions continue to appear at low prices, downstream areas of Shaanxi, Hebei and Tianjin have been downgraded, so aggravating market wait-and-see, Ningxia, Wuhai area factory prices began to loosen, domestic calcium carbide ex-factory prices are expected to decline again.

3. Future Market Forecast

At present, the cost pressure is high and the manufacturers are willing to keep their prices, but the downstream demand is difficult to improve. The atmosphere of negotiation is light and the focus of negotiation is in the middle. In the short run, BDO analysts of business associations expect that the domestic BDO market will continue to operate weakly, focusing on changes in supply and demand.

Price Trend

The domestic toluene market was generally stable this week, with prices slightly falling, down about 1.3% this week, as a result of the fall in international crude oil, according to business associations’big list data.

II. Analytical Review

1. Products: The trend of toluene market is steady this week. At present, the mainstream price in East China is around 5400 yuan/ton. According to the feedback from traders, the turnover this week was not satisfactory. Compared with last week, the port inventory increased by 5,000 tons, reaching about 45,000 tons.

2. Industrial chain:

Upstream, crude oil, affected by fears of global economic recession, another round of interest rate cuts by the global central bank and tariff imposition by Trump, fell sharply this week compared with last week, with spot Brent down 7.73%, Brent futures down 7.5%, WTI futures down 5.77%, Dubai futures down 5.88%.

Downstream, TDI, prices fell, trading is not strong, short-term TDI is expected to maintain a small volatility consolidation trend. In the PX market, the decline of the external price has a negative impact on the domestic PX market price. The domestic PX price trend is temporarily stable. It is expected that the short-term PX market price will maintain a volatile trend.
3. Future Market Forecast

Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the trend of the situation in the Middle East, the United States and Iraq, the follow-up game of Sino-US trade negotiations, and the expected fluctuation of crude oil demand in the global economic outlook after a new round of interest rate cuts by the global central bank. Overall, the toluene market is expected to experience a slight fluctuation next week.