Trade name: TDI

Latest price (February 17): 19675 yuan / ton

Key points of analysis: today, the average price of TDI market in East China decreased by 0.13% compared with the previous working day, and the domestic TDI market is waiting to be sorted out. There was little change in the start-up of domestic TDI plants, the spot market continued to be tight, the offer of the cargo holders was mainly high, the downstream held a wait-and-see attitude towards the high price, the market trading atmosphere was weak, and the quotation of individual traders was slightly reduced. At present, the quotation range of dealers in East China is about 19000-20000 yuan / ton for domestic goods and about 19000-20500 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

Trade name: TDI

Latest price (February 16): 19700 yuan / ton

Key points of analysis: the average price of TDI market in East China today is the same as that of the previous working day, and the domestic TDI market is high and wait-and-see. The domestic TDI plant has not started, the spot market continues to be tight, the high offer of the cargo holders is strong, the downstream has resumed work one after another, takes a wait-and-see attitude towards the high price, and the trading in the terminal market is quiet. At present, the quotation range of dealers in East China is about 19000-20000 yuan / ton for domestic goods and about 19000-20500 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

On February 15, the rare earth index was 997 points, up 27 points from yesterday, down 0.30% from the highest point of 1000 points in the cycle (December 6, 2011), and up 267.90% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now)

The trend of domestic rare earth index rose sharply, and the price trend of domestic light rare earth praseodymium neodymium series rose. The price of praseodymium neodymium oxide rose by 1.09 million yuan / ton, the price of praseodymium neodymium metal rose by 50000 yuan / ton to 1.36 million yuan / ton, the price of praseodymium oxide rose by 40000 yuan / ton to 1.085 million yuan / ton, the price of neodymium oxide rose by 20000 yuan / ton to 1.21 million yuan / ton, and the price of metal praseodymium rose by 40000 yuan / ton to 1.39 million yuan / ton, The price of neodymium metal rose by 40000 yuan / ton to 1.44 million yuan / ton, dysprosium oxide rose by 10000 yuan / ton to 3.135 million yuan / ton, dysprosium ferroalloy rose by 20000 yuan / ton to 3.11 million yuan / ton, dysprosium metal rose by 35000 yuan / ton to 3.985 million yuan / ton, the price trend of domestic light rare earth market rose, the recent procurement was general, the price of dysprosium in domestic heavy rare earth market rose, and the price of terbium rose sharply, Downstream purchase is mainly on demand, while Myanmar prohibits export. It is expected that the price trend of domestic rare earth market will rise in the later stage.

The price of ethylene oxide increased today, and the ex factory price of mainstream East China was 7700 yuan / ton.

The upstream ethylene market is at a high level and continues to be strong. The external price of ethylene in Northeast Asia is $1200 / ton, up $10 / ton compared with the price of the previous trading day; The external price of ethylene in Southeast Asia was US $1190 / ton, which was flat compared with the previous trading day; Jinshan Lianmao ethylene quoted 8600 yuan / ton today, up 400 yuan / ton compared with the price of the previous trading day. According to the current calculation of ethylene in the outer disk, ethylene oxide is still at a discount, and the increase is expected to be further expanded. Downstream monomer rose slightly today, and the overall wait-and-see atmosphere still exists.

Forecast: the cost of ethylene oxide is under pressure, and the market has not yet peaked.

Market price of main domestic hydrogenated benzene Market on February 11 (unit: yuan / ton)

Market, Price on February 11

East China, eight thousand and twenty-five

Shandong Province, eight thousand and twenty-five

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

January 11, 7400.,+100

January 14, 7550.,+150

January 19, 7700.,+150

February 7, 8100.,+400

February 11, 7950.,-150

On February 11, 2021, the listing price of pure benzene of Sinopec was reduced by 150 yuan / ton to 7950 yuan / ton, and that of Qilu Petrochemical was 7900 yuan / ton.

Crude oil: on February 10, international crude oil futures prices rose and fell. U.S. WTI crude oil futures closed up slightly, with the settlement price of the main contract at US $89.88/barrel, up US $0.22 or 0.25%. Brent crude oil futures fell slightly, with the settlement price of the main contract at US $91.41/barrel, down US $0.14 or 0.15%. Previous data showed that the US crude oil inventory fell unexpectedly, the demand for refined oil reached a record high, and the demand supported the strengthening of oil prices; But at the same time, crude oil is constrained by Iran’s return to the international market and the expectation of the Federal Reserve raising interest rates. At present, the market is intertwined and the oil market is anxious.

During the Spring Festival, the crude oil price increased significantly, and the pure benzene market rose significantly. Sinopec raised the ex factory price of pure benzene by 400 yuan / ton, which boosted the hydrogenated benzene market. Subsequently, crude oil prices weakened, styrene prices fell, and the pure benzene market fell slightly. On Friday, Sinopec lowered the ex factory price of pure benzene to 7950 yuan / ton, and the domestic market price of pure benzene was 7900-8000 yuan / ton. Affected by this, the hydrobenzene market was mainly weak and volatile at the weekend.

In terms of future market fundamentals, downstream demand still exists, and the high crude oil price still supports the market. It is expected that the support of the industrial chain will be acceptable in the short term, and the price of pure benzene will fluctuate slightly.