The international oil price continued to rise, coupled with the lack of equipment maintenance supply of some enterprises, the MTBE market rebounded significantly, with an increase of about 100-200 yuan / ton in two days. According to the data of business agency, from August 18 to August 25, the price of MTBE increased from 5500 yuan / ton to 5750 yuan / ton, with a price increase of 4.55% during the week, and the price remained stable month on month, with a year-on-year increase of 58.26%.

Crude oil rebounded and rose sharply, MTBE market demand was good, which greatly boosted the mentality of entering the market in the middle and lower reaches and the confidence of refineries to support the price. Refinery shipments are good, and gasoline and diesel exceed the balance of production and sales. In the early stage, wait and see the middle and lower reaches, or a large number of goods will be replenished in the market. In addition, by the end of August, some middle and lower reaches will begin to prepare for gold, nine silver and ten hoarding.

In terms of external trading, as of the closing on August 24, the closing price of Asian MTBE market increased by US $30 / ton compared with the previous trading day, and FOB Singapore closed at US $705.5-707.5/ton. The closing price of European MTBE market increased by US $11 / T compared with the previous trading day, and FOB ara closed at US $789.5-790 / T. The closing price of us MTBE market increased by US $20.45/t compared with the previous trading day, and FOB Gulf FOB closed at US $727.18-727.54/t (204.84-204.94 cents / gallon).

In terms of enterprises, some major production enterprises in Shandong will adjust the price by about 100-200 yuan / ton within two days: Shi dashenghua’s MTBE quotation will be increased by 50 yuan / ton to 5800 yuan / ton. The 400000 T / a mixed alkane dehydrogenation and 350000 t MTBE unit of Shandong Shenchi Chemical Co., Ltd. is under maintenance for about half a month. MTBE is increased by 50 yuan / ton, and the quotation is 5800 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical was increased by 50 yuan / ton to 5750 yuan / ton.

Supported by the sharp rise of crude oil, the domestic MTBE market rose sharply, but the increase was large, and the downstream enthusiasm for receiving goods at high prices weakened. Business agency MTBE analysts believe that the domestic MTBE market may be mainly sorted out in the short term.

On August 24, the sulfur commodity index was 102.24, up 5.85 points from yesterday, down 1.54% from the highest point of 103.84 in the cycle (2011-11-02), and up 296.43% from the lowest point of 25.79 on February 24, 2020（ Note: period refers to the period from September 1, 2011 to now)

According to the price monitoring of business agency, the price trend of sulfur in East China rose strongly on the 24th, and the average price of sulfur production was 1863.33 yuan / ton, up 6.07% from the previous working day. The quotation of refineries in various regions in China was adjusted, the price of solid-liquid sulfur increased significantly, and the price of solid-liquid sulfur increased by 30-80 yuan / ton at the same time. The supply of goods in Hong Kong is tight, the spot on the site is difficult to find, the goods holders are reluctant to sell, and the external price is strong, which boosts the market mentality. The refineries in China operate normally, the inventory is low, the downstream market procurement is mainly on demand, the market trading is relatively stable, and the mentality of the field operators is good.

Future forecast: at present, the domestic sulfur market is high and strong, the downstream phosphate fertilizer market, domestic demand and export orders are stable, the domestic spot supply is tight, and the main actors in the market support sulfur well. The future sulfur market will wait and see to sort out, and pay attention to the market transaction.

Trade name: isooctanol

Latest price (August 23): 17366.67 yuan / ton

On August 23, the ex factory quotation of isooctanol in Shandong fell, down 433.33 yuan / ton or 2.43% compared with the quotation on August 20. The upstream propylene market rose slightly and the cost support was good. However, the downstream DOP market fell greatly, the downstream procurement enthusiasm weakened, the maintenance of octanol unit was completed, and the supply was normal.

Recently, the ex factory price of octanol in Shandong may fluctuate slightly: the manufacturer’s quotation is about 17000 yuan / ton.

According to the data monitoring of business agency, the chloroform market rose this week (8.16-8.20). The price of chloroform was 3090 yuan / ton on the third day of the week and 3150 yuan / ton on the weekend, an overall increase of 1.94%.

The price of raw liquid chlorine rebounded, the price of methanol fluctuated slightly, and the cost support was stronger than that of last week. According to the business agency, as of August 20, the price of methanol was 2577 yuan / ton, slightly adjusted from 2560 yuan / ton at the beginning of the week; The mainstream ex factory price of liquid chlorine of tank car in Shandong Province is about 1500 yuan / ton.

The overall load of domestic methane chloride plant decreased, and the supply side was relatively tight, which supported the driving of chloroform; The operation of downstream refrigerant enterprises is stable and slightly supported.

Analysts of methane chloride data of business society believe that the cost side rises slightly and the supply side decreases. However, as the hot weather passes, the demand side support will continue to weaken. It is expected that the trichloromethane market will mainly fluctuate in a narrow range in the later stage.

According to the data monitored by the business agency (the average ex factory price of carbide SG5), on August 19, the average mainstream price of PVC in China was 9262.5 yuan / ton, up about 40 yuan from 9225 yuan / ton at the beginning of the week, up 0.41%, 1.37% from the beginning of the month and 41.85% compared with the same period last year.

2、 Market analysis

The PVC market fluctuated slightly this week, and the increase range of enterprises in the week was mostly in the range of 50-100 yuan / ton, with small fluctuation. PVC continued to fluctuate and rise this week. The main reason is still the high raw materials and tight supply in the PVC market, especially the 3 / 8 type. At the same time, the external price is firm and the futures are highly bullish. However, the off-season effect is still dragging PVC up rapidly. On Monday, the PVC market was mixed, but the overall market generally operated steadily; On Tuesday, PVC futures prices soared, boosting the adjustment atmosphere of the spot market. Prices in all mainstream regions generally rose within 50 yuan / ton, but the market transaction atmosphere did not improve synchronously, and the downstream still maintained rigid demand; Since the middle of the week, the PVC market has returned to a stable state. Although the futures price has weakened, the trend of the spot market is still strong.

In terms of spot, at present, the mainstream quotation range of pvc5 electric stone in China is mostly around 9150-9500 yuan / ton. The interval of pvc5 electric stone in Hangzhou is 9330-9430 yuan / ton; The mainstream of pvc5 electric stone in Changzhou is 9300-9450 yuan / ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9380-9450 yuan / ton; Local market prices rose.

In terms of futures, PVC futures prices rose strongly this week, driving the price rise in the spot market. On August 19, the opening price of v2109 contract: 9310, the highest price: 9420, the lowest price: 9220, the position: 135832, the settlement price: 9315, yesterday’s settlement: 9370, down: 55.

region workmanship 8 / 19 (yuan / ton) 8 / 16 (yuan / ton) Rise and fall remarks

East China Calcium carbide method 9320-9420 9320-9410 0/+10 Ex warehouse

south China Calcium carbide method 9340-9420 9350-9400 – 10/+20 Ex warehouse

North China Calcium carbide method 9150-9220 9120-9220 + 30/0 Delivered

southwest Calcium carbide method 9150-9300 9150-9250 0/+50 Delivered

International crude oil, on August 18, the international oil price continued to fall. The settlement price of the main contract in the U.S. WTI crude oil futures market was $65.21/barrel, down $1.13 or 1.69%, and the settlement price of the main contract in Brent crude oil futures market was $68.23/barrel, down $0.80 or 1.20%. Oil prices fell for five consecutive trading days, and WTI crude oil closed at a nearly three-month low. Although the inventory data routinely released by the U.S. Energy Information Administration (EIA) on Wednesday showed that the decline of U.S. crude oil inventories exceeded expectations, the general market concern about demand overshadowed the news, and the spread of delta virus cooled demand expectations. In addition, there are signs that the supply of oil producing countries, including the United States, is also increasing.

For ethylene, on August 18, in the American ethylene market, FD American Bay quoted $835-853 / T, down $33 / T. recently, the American ethylene market fell and the demand was average. On August 18, FD northwest Europe quoted $1368-1375 / T, down $2 / T, CIF northwest Europe quoted $1240-1248 / T. on August 18, the Asian ethylene market, CFR Northeast Asia quotation is USD 926-936 / ton, and CFR Southeast Asia quotation is USD 961-971 / ton. Recently, ethylene prices in Asia are mainly stable. Affected by the decline of upstream crude oil price, the ethylene market in the later stage may mainly fall below.

For calcium carbide, the ex factory price of Northwest calcium carbide was temporarily stable on August 19, and the reference price of calcium carbide was 5266.67, an increase of 2.6% compared with August 1 (5133.33). The price of raw material blue carbon rose slightly, and the cost of calcium carbide supported well. The downstream PVC market has risen slightly recently, and the downstream customers’ enthusiasm for calcium carbide procurement has increased. At the same time, the start of a new round of power rationing in Inner Mongolia is the main reason for the rise in calcium carbide prices. In the future, it is expected that the factory price of calcium carbide in Northwest China may rise slightly

3、 Future forecast

PVC analysts of business society believe that at present, the price of raw calcium carbide continues to rise, the cost support is strong, and the tight supply of PVC has not changed, which supports the high price of PVC. It is expected that the market will continue to operate at a high level in the short term and the price will be adjusted in a narrow range.