According to the data monitoring of the Business News Agency, the domestic price of LLDPE (7042) was 8354 yuan/ton on March 6, and the average price on March 10 was 8351 yuan/ton, with a decline of 0.03% during the period, up 0.14% from March 1.

According to the data monitoring of the Business News Agency, the average ex-factory price of LDPE (2426H) was 9120 yuan/ton on March 6, and the average price on March 10 was 9120 yuan/ton. During the period, the price was stable, 0.55% higher than that on March 1.

According to the data monitoring of Business News Agency, the average ex-factory price of HDPE (5000S) was 8566 yuan/ton on March 6 and 8600 yuan/ton on March 10, with an increase of 0.39% during the period, up 0.78% from March 1.

Polyethylene rose and fell this week. LLDPE rose first and then fell, while LDPE and HDPE prices were mainly stable after rising. At the cost side, the international crude oil price fell under the pressure of interest rate increase, which had a certain impact on domestic polyethylene. At the supply side, there are many temporary maintenance devices in the week, the supply pressure is not large, and the enterprise has a strong attitude of price fixing. Downstream demand, plastic film continued to boom, demand for plastic film weakened, downstream procurement demand was less than expected, and order increase was limited.

Polyethylene is under pressure to put new units into production, and there are few new orders in the market. The demand for pipes is expected to gradually recover with the real estate. In the short term, the PE analyst of the business association predicts that PE may be adjusted in a narrow range.

According to the bulk list data of Business News Agency, as of March 8, the average price of domestic industrial 85% formic acid enterprises was 3587.50 yuan/ton, up 0.35% from March 1.

Since March, the domestic industrial grade 85% formic acid market has been operating steadily. Recently, the price of raw material sulfuric acid has risen, and the market of raw material methanol has fluctuated in a narrow range. There is some support for the cost side. The operating rate of formic acid is about 75%, which has improved compared with the previous period. The supply side is sufficient. The demand of the main downstream formate market is stable, and the demand for feed, medicine, etc. is improving, which supports the stable rise of the market price of formic acid, and the market atmosphere is active.

Upstream products: upstream sulfuric acid, the domestic market price of sulfuric acid was temporarily stable on March 7, and the reference price of sulfuric acid was 256.67 on March 7, up 1.32% from March 1 (253.33); According to the monitoring of the Business News Agency, the reference price of methanol on March 7 was 2680.83, down 2.01% from March 1 (2735.83).

According to the formic acid analysts of the Business Society, the current cost support continues and the supply side recovers, but the demand side is stable and improving, which boosts the mentality of the industry. It is expected that the domestic industrial grade 85% formic acid market will mainly run at a high level in a short time, and more attention needs to be paid to the guidance of market news.

DBP prices rose in shock this week

According to the data monitoring of the Business Agency, as of March 6, the DBP price was 9587.50 yuan/ton, up 1.32% from 9775 yuan/ton on February 27. This week, the plasticizer DBP enterprises started to recover, the supply of DBP was stable, the basic support for the rise of raw material prices remained, and the price of DBP rose in shock this week.

The price of raw materials fluctuated and rose this week

According to the price monitoring of the business agency, as of March 6, the price of ortho phthalic anhydride was 8475 yuan/ton, up 1.80% from the price of 8325 yuan/ton on February 27. The price of o-xylene rose, and the willingness of phthalic anhydride to stand up was strong. The price of phthalic anhydride rose in shock this week, and the DBP had a strong upward momentum.

According to the price monitoring of the Business Agency, as of March 6, the price of n-butanol was 7400 yuan/ton, up 5.21% from 7033.33 yuan/ton on February 27. This week, n-butanol enterprises started to recover, and n-butanol intra-field trading resumed. The price of n-butanol rose in shock this week, and the cost of DBP rose. The momentum of DBP rise in the future is large.

Aftermarket expectation

According to DBP data analysts of Business News Agency, plasticizer enterprises started to recover this week, and DBP supply was sufficient; In terms of raw materials, phthalic anhydride rose slightly, the price of n-butanol rose sharply, and the cost of DBP raw materials rose; In terms of demand, downstream customers are looking for bargains to replenish stocks, and the demand for DBP is slowly recovering this week. In the future, the demand for plasticizer DBP rose slowly and the price of DBP is expected to rise slightly.

According to the data monitored by the Business News Agency, the domestic carbon black price was 11733 yuan/ton on March 3, and the domestic carbon black market price fluctuated slightly this month.

Cost side: The current high price of high-temperature coal tar as raw material has been consolidated, and some coke enterprises are limited to start operation due to the impact of environmental protection inspection. The supply of coke enterprises is reduced, and the supply of coal tar market is still tight, presenting a situation of tight supply and high price. Carbon black enterprises are under great pressure to receive goods. Most enterprises are in a loss situation, and the resistance to coal tar is rising. However, coke enterprises have a strong willingness to support the price, and it is expected that the decline of coal tar price will be limited..

Supply and demand: At present, the operating rate of carbon black enterprises is stable, and some carbon black enterprises plan to raise production. The market supply is sufficient.

In terms of downstream tire enterprises, the overall operating rate has increased, and the purchase is just needed, but there is still resistance to the current carbon black price, and the market trading atmosphere is general.

In general, the high price of high temperature coal tar as raw material supports the price of carbon black. At present, the demand for carbon black from downstream tire enterprises is increasing. On the whole, the favorable factors in the market occupy the top position. It is comprehensively estimated that the carbon black market will be stable, medium and strong in the short term.

According to the data monitored by the Business News Agency, the PP market fluctuated and sorted out in February, with the number of wire drawing brands falling more or less. As of February 28, the mainstream price of T30S (wire drawing) offered by domestic producers and traders was about 7925 yuan/ton, up and down by – 0.52% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the propylene market rose and fell in February, with two peaks. The first peak appeared in the first ten days of February, because the price was relatively low, the downstream position was closed at a low level, and the upstream inventory was controllable. Supported by demand, the price of propylene in Shandong rose, but the demand was soon suppressed, and the price fell quickly. The second wave peak occurred in late February. Due to the frequent news of upstream parking, the supply side reduced expectations, and the news support, the price of propylene in Shandong Province was actively pushed up, but the downstream response was general, especially the serious loss in the polypropylene industry, and the start of construction fell to a low level, which was difficult to drive the demand for propylene, leading to a rapid fall in the price of propylene again. Propylene is currently supported by costs, and is expected to fall in a limited space in the short term, mainly due to weak shocks.

The price of propylene fluctuated and consolidated, which generally supported the cost side of PP. In terms of industry load, PP enterprises were affected by the weakening of profits in February, and the high starting point fell back, but the overall industry load reduction was limited, the supply was stable, and the supply of goods on the site was relatively sufficient. The supply pressure increased within the month, and the factory price of the manufacturer was reduced due to the continuous operation of the supplier to go to the warehouse. In terms of demand, in February, the resumption process of downstream PP enterprises in China was slow, the operating rate of the main downstream plastic knitting enterprises was less than 40%, and the stock situation of the terminal enterprises was not as expected, and procurement was mainly based on demand.

In terms of fiber materials, according to the data monitored by the Business Agency, as of February 28, the spot price of domestic fiber PP fell in a narrow range. The mainstream quoted price of domestic producers and traders Z30S (fiber) is about 7900 yuan/ton, with a rise of – 1.46% compared with the average price at the beginning of the month, and a decrease of – 7.42% year-on-year. At present, the downstream non-woven fabric enterprises, the main force of PP fiber, have a low load, and the demand of terminal enterprises is weak. The digestion speed of non-woven end products is general, and the enterprise’s replenishment operation of fiber PP is poor. The spot price market is similar to that of wire drawing material, and it is expected that it will remain volatile in the short term.

In terms of melt-blown materials, the melt-blown PP market fell significantly in February. As of February 28, the average price quoted by the domestic melt-blown material sample enterprises monitored by the Business Society was about 9533.33 yuan/ton. Compared with the average price level at the beginning of the month, the increase and decrease was – 4.67%, with a year-on-year decrease of – 1.89%. In terms of international health events, at the end of last year, the disposal of health events in China was optimized, resulting in a large demand for masks. However, at present, the social consumption of medical melt-blown cloth materials is more beneficial, and in February it fell back and stabilized. The overseas demand has no obvious boost, and the price of melt-blown materials may stabilize at the moment when the demand momentum slows down.

Aftermarket forecast

PP analysts of the Business Agency believe that the polypropylene market fell in a narrow range in February. The price of raw material propylene fluctuated and the cost side support was general. The demand of terminal enterprises tends to be just needed to maintain production, and they need to digest the stock of raw materials before festivals after resuming work, so the demand release is weak. It is expected that the PP market will continue to consolidate and operate in the short term.