According to the monitoring data of Business News Agency, as of February 24, 2023, the reference price of n-butanol in Shandong Province was 7233 yuan/ton. Compared with February 1 (the reference price of n-butanol was 8000 yuan/ton), the price decreased by 767 yuan/ton, or 9.58%.

It can be seen from the data monitoring chart of the Business Agency that since February (2.01-2.24), the domestic n-butanol market in Shandong Province has been in a weak trend as a whole. In the first ten days of February, the downstream demand of n-butanol was insufficient, the transmission of supply and demand was slow, the inventory of n-butanol continued to accumulate, the pressure of the manufacturer on shipment increased, and the focus of n-butanol market continued to decline. On February 13, the market price of n-butanol in Shandong Province was around 7200-7300 yuan/ton.

Then in late February, the downstream demand of n-butanol improved slightly, and the market of n-butanol experienced a slight recovery under the demand increase. However, after the completion of the downstream replenishment, the market demand returned to cold, and the market of n-butanol fell again. As of February 24, the domestic market price of n-butanol in Shandong Province was around 7100-7300 yuan/ton, with a decline of more than 9% compared with the beginning of the month.

Aftermarket analysis of n-butanol

At present, the trading atmosphere of n-butanol on the market is light, the operators are in a general mood, and the downstream demand needs time to gradually improve. The n-butanol statistician of the business agency believes that in the short term, the domestic n-butanol market in Shandong Province is mainly subject to narrow adjustment and operation, and the specific trend needs to pay more attention to the specific news changes on the supply and demand side.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume of goods in the domestic market, as an example. According to the monitoring of bulk commodity data, the market price of titanium dioxide was basically stable this week. The average price of domestic titanium dioxide is 16183.33 yuan/ton.

2、 Market analysis

This week, the domestic titanium dioxide market was at a high level. On the whole, the export market recovered well, and some enterprises increased their new export orders. The domestic market trading and investment situation is fair. Traders are more cautious in taking goods, more wait-and-see, more downstream purchases as required, and the price remains stable. Up to now, most domestic rutile titanium dioxide quotations are between 15000-18000 yuan/ton; The quotation of anatase titanium dioxide is about 14000-14500 yuan/ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region was high this week. At present, the spot supply in the market is tight, and the downstream titanium dioxide enterprises mainly purchase on demand. At present, the titanium ore market is more wait-and-see, and the manufacturers send more early orders, and the market price is stable and upward. Up to now, the tax-free quotation of 38-42 grade titanium concentrate is about 1480-1500 yuan/ton, the tax-free quotation of 46 grade 10 titanium concentrate is about 2150-2240 yuan/ton, and the quotation of 47 grade 20 titanium concentrate is about 2300-2400 yuan/ton. In the short term, the market price of titanium concentrate is stable and upward, and the actual transaction price is single.

In terms of sulfuric acid, the price of domestic sulfuric acid market rose. The price of sulphuric acid increased from 235 yuan/ton last Thursday to 243.33 yuan/ton this Thursday, with an increase of 3.54%. From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has risen slightly recently, with good cost support. The market of hydrofluoric acid and ammonium sulfate in the downstream market is low and the market of titanium dioxide is high. The enthusiasm of downstream customers to purchase sulfuric acid is general, and the product trend is upward under the contradiction of supply and demand.

3、 Aftermarket forecast

According to the titanium dioxide analyst of the Business Agency, the market price of sulfuric acid is rising, and the price of titanium concentrate in Panxi region is high. The cost support of titanium dioxide is strong, and the demand of domestic titanium dioxide market is moderate at present. It is expected that titanium dioxide will continue to operate at a high level in the short term, and the actual transaction price will be negotiated.

Trade name: sulfur

Latest price: the average price of sulfur in East China was 1113.33 yuan/ton on February 21, down 3.47% from 1153.33 yuan/ton on the previous working day.

Analysis: the sulfur refinery operates normally, the market supply is stable, the downstream demand performance is weak, the enthusiasm for purchasing in the market is general, the intra-field trading is weak, the enterprise quotation is reduced to stimulate shipment, and the focus of the sulfur market is weak and downward.

Future market forecast: at present, the market supply exceeds demand, the downstream terminal performance is flat, the demand is not good for the time being, the market negotiation atmosphere is weak, and the short-term sulfur market is expected to consolidate at a low level. Pay attention to the downstream follow-up.

The price of o-xylene rose on February 20

According to the price trend chart of ortho-xylene of the business agency, the price of ortho-xylene was 8000 yuan/ton as of February 20, up 2.56% from 7800 yuan/ton on February 17. On February 20, the domestic ortho-xylene market rose.

Analysis points

The price of mixed xylene, the raw material, fell first and then rose, and the mixed xylene stabilized at a high level, and the cost of raw materials rose; The price of downstream phthalic anhydride fluctuated and rose, the market of downstream phthalic anhydride rose, the demand for o-xylene warmed up, and the rising power of o-xylene price increased and the downward pressure weakened.

Future prospects

The raw materials were consolidated at a high level, the downstream market recovered, and the demand for high cost consolidation recovered slightly. It is expected that the market of ortho-xylene will stabilize strongly in the future.

According to the monitoring data of Business News Agency, the price of steam coal stopped falling and rebounded this week. The energy index stood at 1091 points on February 16, up 2 points from yesterday, down 30.11% from the highest point of 1561 points in the cycle (2021-10-21), and up 113.50% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

In terms of origin, the coal mine resumed production after the Spring Festival, and the market supply increased. The start of construction is relatively stable, some coal mines have accumulated inventories, and the coal mines can flexibly adjust their prices, but the enthusiasm of the downstream to take goods is general.

In terms of downstream ports, the market sales were average, the market quotation declined at the beginning of the week, and the downstream took goods as needed, and the transaction was relatively weak. However, with the increase of port inventory, some traders began to increase their prices tentatively, but the overall demand of end users for steam coal was limited, and the wait-and-see attitude was the main one.

According to the data released by the National Bureau of Statistics on February 14, the national coal price fell in the first ten days of February. The specific price changes of each coal type are as follows: the price of anthracite (washing medium lump, volatile content ≤ 8%) is 1960.0 yuan/ton, down 115.0 yuan/ton or 5.5% from the previous period. The price of common blended coal (the blended coal of Shanxi fine coal and lump coal, with a calorific value of 4500 kcal) was 876.3 yuan/ton, down 51.7 yuan/ton or 5.6% from the previous period. The price of Shanxi Dachun (coal blend with good quality and calorific value of 5000 kcal) was 982.5 yuan/ton, down 75.5 yuan/ton or 7.1% from the previous period. The price of Shanxi Youxing (high-quality blended coal with a calorific value of 5500 kcal) was 1145.0 yuan/ton, down 73.0 yuan/ton or 6.0% from the previous period. The price of coking coal (main coking coal, sulfur content<1%) was 2400.0 yuan/ton, down 55.0 yuan/ton or 2.2% from the previous period.

Analysts from the Business News Agency believe that the production of steam coal in the production area will resume after the holiday, and the market supply will increase. In terms of downstream ports, the purchase enthusiasm of power plants is general and the transaction is relatively limited. Although the price of steam coal has stopped falling and rebounded slightly, it is generally accepted by the downstream. It is comprehensively estimated that the price of steam coal will still be mainly consolidated in the later period, depending on the downstream market demand.