Trade name: ammonium sulfate

Latest price: 1465 yuan / ton

Key points of analysis: the price of ammonium sulfate fell on January 5, down 7.86% compared with the previous trading day. Today, the ammonium sulfate Market is in a downturn, the on-site trading is light, and the demand at home and abroad is weak. Most enterprises cut prices and mainly wait and see. Due to the low demand, there is no good news in the short term, and the ammonium sulfate Market weakens.

Future forecast: the price of ammonium sulfate will fall in the short term.

Trade name: sulfuric acid

Latest price (January 4): 640.00 yuan / ton

On January 4, the market price of domestic sulfuric acid decreased slightly, which was 5 yuan / ton lower than that on December 31, a decrease of 0.78%, and a year-on-year increase of 51.48%. From the perspective of upstream and downstream industrial chains, the upstream sulfur market has been low recently, and the cost support is general. The market of bromine and formic acid in the downstream is low, the downstream demand is general, and the rising power of sulfuric acid is insufficient.

Recently, the domestic sulfuric acid market price may fluctuate slightly, and the average quotation price is about 630 yuan / ton.

According to the data of business agency, as of December 31, the average price of domestic fuel oil 180CST was 5240.00 yuan / ton (including tax), up 1.35% from 5170.00 yuan / ton on December 27.

On December 31, the fuel oil commodity index was 106.13, unchanged from yesterday, down 14.65% from the highest point of 124.35 in the cycle (2021-10-26), and up 130.32% from the lowest point of 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The rising price of domestic marine oil raw materials supports the cost of fuel oil 180CST. According to the business news agency, as of December 31, the self raised low sulfur quotation of 180 CST fuel oil and 120 CST fuel oil in Zhoushan area was 5350 yuan / ton, and the self raised low sulfur quotation of 5450 yuan / ton; The quotation of low sulfur for 180 CST fuel oil in Shanghai is 5350 yuan / ton, and the quotation of low sulfur for 120 CST fuel oil is 5450 yuan / ton.

The rise in international crude oil prices this week has led to the rapid spread of Omicron mutant virus, but the symptoms seem to be milder than the previous variants; The market hopes that Omicron will weaken its impact on global demand in 2022 and oil prices will be supported. The main reason is that Saudi Arabia believes that oil supply is still very scarce. In addition, although the epidemic trend is still serious, the symptoms of omiron infected people are relatively mild, which brings some optimism to the market.

Singapore’s fuel oil inventory decreased, which supported fuel oil prices. It is understood that the Singapore enterprise development authority (ESG): as of the week of December 29, Singapore’s fuel oil storage fell by 1371000 barrels to a two-and-a-half month low of 19564000 barrels. Singapore’s light distillate stocks fell 517000 barrels to a five week low of 11.505 million barrels. Singapore’s medium distillate stocks fell 26000 barrels to a three week low of 7.896 million barrels.

Future forecast: the rising international crude oil price and the high cost price in the ship fuel market support the ship fuel market, but the terminal demand is general, the wait-and-see mood is strong, the transaction is light, and the purchase is just needed. The market price of fuel oil 180CST low sulfur is about 5200-5350 yuan / ton, and the market price of fuel oil 120cst low sulfur is about 5300-5450 yuan / ton. It is expected that the fuel oil 180CST market will remain stable in the near future.

According to the monitoring data, the mainstream market of polyaluminum chloride in China has increased slightly recently (December 28-31): the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminum chloride on December 28 is 2495.56 yuan / ton, and the mainstream quotation on December 29-31 is about 2500-2502 yuan / ton, which is almost stable. Recently, crude oil continued to rise, raw material costs fluctuated slightly, some enterprises stopped work years ago, market demand was weak and transactions were general.

Raw material: hydrochloric acid. According to the monitoring of business society, the market price of hydrochloric acid in China fluctuated slightly in a single day (December 28-23). The mainstream quotation was 320 yuan / ton on the 28th and 318 yuan / ton on the 31st, down 0.62%. From the upstream and downstream industrial chain, the upstream liquid chlorine market is general and the support for hydrochloric acid is weak. The downstream ammonium chloride market fell slightly, which had a negative impact on hydrochloric acid. The price of downstream ammonium chloride decreased from 1170.00 yuan / ton at the beginning of the month to 1095.00 yuan / ton at the end of the month, a decrease of 6.41%; The white carbon black market fell slightly, and the downstream procurement enthusiasm was weak. Hydrochloric acid has mainly decreased slightly recently.

As for the future market, compared with the trend in recent years, it is more likely that the future market is stable and weak. Recently, crude oil continues to rise, raw material prices fluctuate slightly, market support is weak, downstream demand is weak, and the trend of polyaluminium chloride is weak; In the macro weak environment, it is expected that there will be little action in the polyaluminium chloride Market in the short term, so beware of the downside risk of chemical raw materials.

1、 Price trend

Latest price (December 30): 8320 yuan / ton

Key points of analysis: according to the data monitoring chart of the business agency, the average domestic spot price of pvcc5 was 8320 yuan / ton on December 30, down 0.24% from the previous day. The offer of cargo holders was lowered. Near New Year’s day, the downstream demand decreased. Most enterprises mainly ship goods, and there is room for negotiation. At present, most domestic ex factory prices are about 8150-8500 yuan / ton, and the price of raw calcium carbide is not 4600-4650 yuan / ton, In the off-season of demand, PVC continued its weak trend.

Forecast: PVC market fell slightly.