1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the price of sodium pyrosulfite in China was stable this week. The average price of industrial sodium pyrosulfite was 1800.00 yuan / ton at the beginning of the week and 1800.00 yuan / ton at the end of the week, up or down by 0.

2、 Market analysis

This week, the overall market performance of sodium pyrosulfite is acceptable. The market price range of industrial grade sodium pyrosulfite is 1700-1950 yuan / ton, and most of the prices are around 1800-1850 yuan / ton. The production of the enterprise is stable, mainly to complete the orders of old customers, and the increase of new orders is limited（ The above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within their scope. The prices are for reference only, and have nothing to do with the final pricing of manufacturers. For details, please contact each manufacturer for consultation).

This week, the domestic soda price dropped slightly by 0.11%, and the sulfur price rose by 1.79%. The overall price of upstream raw materials fluctuated at a high level, and the cost will play a certain role in supporting the domestic market price of sodium pyrosulfite.

3、 Future forecast

Business analysts believe that the high cost of raw materials shock forward, cost support, short-term market price of sodium pyrosulfite will continue to firm operation.

1、 Price trend

According to the data monitoring of business news agency, the average price of domestic liquefied natural gas on May 13 was 3910 yuan / ton, up 28.2% compared with that on May 7, 12.25% month on month, and 39.64% compared with the same period last year.

2、 Analysis of influencing factors

After the May Day holiday, domestic LNG rose sharply in the off-season, with a year-on-year increase of nearly 40%. Looking back last week, the rise of liquefied natural gas was relatively moderate, and most of the liquid plants made tentative adjustments, with a small range. In this week, the one-day increase of LNG was in the range of 4.27% – 8.7%. In just seven days, the increase had exceeded 28%. Some of them had a second price adjustment, and the rise was strong. This round of increase is mainly due to the increase of manufacturers’ maintenance, tight supply, low enterprise inventory, rising demand after the festival, and the rise of imported gas prices. Domestic liquid prices are supported by multiple positive factors. At present, Inner Mongolia, Shaanxi, Shanxi, Henan and other places continue to rise, and some liquid plants have risen to more than 4000 yuan, recovering part of the previous decline and moving up the center of gravity.

In late May, the starting price of gas source bidding was 1.68-1.78 yuan / m3, which was 0.1-0.2 yuan / m3 higher than that in the first ten days. The cost support was gradually strengthened, which once again boosted the market atmosphere. The manufacturers supported the price rise, the market participants had a positive attitude, and the short-term market was relatively strong. However, the negative factors in the off-season are still in place. The increase in demand is not as fast as the rise in liquid prices. Moreover, there is a conflict in the downstream market. It may choose other alternative resources to divert part of the demand. Therefore, the off-season surge is not easy to last.

On May 13, the domestic LNG market price continued to rise, with 3730-4100 yuan / ton in Inner Mongolia, 3900-3970 yuan / ton in Shaanxi, 3800-4080 yuan / ton in Shanxi, 3700-3950 yuan / ton in Ningxia, 3850-3900 yuan / ton in Henan, 3580-3850 yuan / ton in Hebei and 3650-4100 yuan / ton in Sichuan.

region Specifications May 13th May 8th Up and down

Inner Mongolia liquified natural gas 3730-4100 2950-3250 Up 480-850

Shaanxi liquified natural gas 3900-3970 3050-3250 Up 650-750

Shanxi liquified natural gas 3800-4080 3100-3320 Up 480-760

Ningxia liquified natural gas 3700-3950 3020-3100 Up 600-850

Henan Province liquified natural gas 3850-3900 3450-3490 Up 360-410

Hebei liquified natural gas 3580-3850 3030-3350 Up 230-500

Sichuan liquified natural gas 3650-4100 3300-3450 Up 200-650

Downstream products rose more than fell less:

Methanol, May 13, Zhengzhou Commodity Exchange methanol futures high consolidation, closing at 2755 yuan / ton, compared with the previous day’s closing up 139 yuan / ton, futures rose 5.31%. The spot market of methanol is also rising. The main production areas in Northwest China drive the spot price of methanol in other regions to continue to rise. The supply and demand of raw coal is tight, which promotes the cost of coal to methanol. According to the monitoring of business news agency, as of May 13, the average price of domestic methanol production enterprises in Shandong was 2680 yuan / ton, with a month on month increase of 13.80% and a year-on-year increase of 54.91%. In the near future, methanol futures are greatly affected by steam coal futures. At present, the methanol market is basically good. Methanol analysts of business cooperatives expect that the spot market of short-term methanol market will follow up slowly.

Urea, upstream liquid ammonia Market recent high consolidation, cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening. India bid: on May 5, the bidding price of mmtc urea in India was announced. The lowest price on the west coast was 358.99 USD / T CFR, and the lowest price on the east coast was 356.99 USD / T CFR, equivalent to about 2120 RMB / T. It is expected that the ex factory price of urea in Shandong will rise slightly in the future

Dichloromethane. On May 13, the reference price of dichloromethane was 3803.33, which was 4.77% higher than that on May 1 (3630.00). After the festival, the price of raw material liquid chlorine in Shandong Province fell sharply, and the cost was dragged by dichloromethane; However, the maintenance plan of methane chloride in the later period will provide some support for dichloromethane, and it is expected that the dichloromethane will still be mainly explored in the later period.

3、 Future forecast

LNG analysts of business news agency believe that: in the near future, the domestic LNG market has been greatly pushed up by multiple favorable factors, and the rising momentum is strong. The manufacturers actively support the price, and the market entrants are optimistic. In the short term, the market is relatively strong, and the price is expected to continue to rise.

1、 Price trend

According to the business news agency’s block data list, on May 12, the average price of domestic hips was 14000 yuan / ton, which was flat compared with the previous day, up 8.3% compared with the beginning of the month and 10.01% compared with the same period last year.

2、 Market analysis

After the May Day holiday, hips began to rise, and the market continued to rise. The price of styrene rose by more than 5% after the festival, and then recovered slightly. The price was still at a high level, which supported the price rise of hips. However, the demand side followed up generally, the high price transaction was not smooth, the downstream heart had resistance, the receiving capacity was limited, and only just needed to maintain the purchase. The overall trading atmosphere of the market was relatively light, so there was not enough momentum for the continued rise. Most of the companies waited and saw, and hips was stable after the rise. Up to now, the price of hips is about 13650-14100 yuan / ton, Guangzhou Petrochemical 660 reference price is 14000 yuan / ton, Zhanjiang Zhongmei 990 reference price is 13900 yuan / ton, Shanghai Secco 622 reference price is 14100 yuan / ton, CITIC Guoan 688 reference price is 13650 yuan / ton, the overall market price has risen.

International crude oil market: on May 11, international oil prices closed higher, with the settlement price of the main contract in the US WTI crude oil futures market at US $65.28/barrel, up 0.36 US dollars or 0.6%. The settlement price of the main contract in Brent crude oil futures market was US $68.55/barrel, up US $0.23 or 0.3%. The main reason is that the market’s concern about the gasoline shortage caused by the closure of the largest fuel pipeline system in the United States after the cyber attack has not dissipated, reversing the market’s downward trend of more than 1% due to the severe impact of the epidemic.

In terms of raw materials, the trading atmosphere of Asian styrene US dollar market on November 11 was light, and the people in the market were in a strong wait-and-see mood. There were few offers, only a few paper goods were heard. CFR China, may paper 1340. CFR China closed at 1330-1390, with an average price down 20; FOB Korea closed at 1310-1370, with an average price down 20%. Unit: USD / T.

3、 Future forecast

According to the business association, the rise of raw material styrene after the festival supported the rise of hips trend, but the demand side followed up generally, and the power of continuous rise was insufficient, and hips became stable after the rise. At present, the transaction of high price hips is negative, there is pressure on the delivery of goods, and the firm offer has the performance of yielding profits. It is expected that hips will decline steadily with the callback of raw materials in the short term.

1、 Price trend

According to the data of business club’s block list, the price of aniline rose broadly within the week. On April 30, the price of aniline in Shandong was 10600-10800 yuan / ton, and that in Nanjing was 11000 yuan / ton. On May 9, the price of aniline in Shandong was 11300-11500 yuan / ton, and that in Nanjing was 11700 yuan / ton, with an average price increase of 7.76% over last week, 46.41% over the beginning of the year, and 151.45% over the same period last year.

2、 Analysis and comment

In terms of cost, Sinopec’s listing price increased by 300 yuan / ton to 7700 yuan / ton within the week. Crude oil fluctuated at a high level, with good cost support. The pure benzene resources in Europe and the United States are in short supply, and the arbitrage window with Asia is opened, and the price of the external market is rising. At home, the domestic pure benzene market is active, the spot supply is tight, and Sinopec’s listing price is high. On Sunday (May 9), the price of pure benzene was 7600-7853 yuan / ton (the average price was 7720 yuan / ton), which was 310 yuan / ton higher than last week, or 4.18%; It was 136.09% higher than that of the same period last year.

The price of nitric acid dropped slightly this week. On Friday (May 7), the production price of nitric acid in East China was 2266.67 yuan / ton, down 1.45% from last week and up 58.14% from the same period last year.

The aniline maintenance unit had not been restarted in the past week, and Jinling Aniline Unit was reduced to half load operation during the festival, so the supply was reduced. The cost side price continued to rise, and the bidding price of aniline enterprises rose, which was good for aniline. The price of aniline rose broadly in the week.

3、 Future expectation

In terms of cost and market, the supply of pure benzene in the spot market is tight. In addition, Hongrun Petrochemical stopped exporting, and the supply in the market decreased. In terms of external market, Europe and the United States will maintain supply tension in the short term, with strong external support. Overall, the trend of short-term pure benzene is expected to be stronger. Continue to pay attention to the downstream market (mainly styrene inventory, demand changes), domestic and foreign pure benzene plant trends, crude oil, external market trends on the price of pure benzene.

Cost side support is strong, and there is still the possibility of short-term upward. In terms of market, there are still aniline plants that have not been restarted, with stable spot supply and stable downstream demand. In general, short-term aniline in pure benzene driven, there is a rising momentum. Continue to pay attention to the trend of raw materials, the follow-up of downstream demand and the impact of aniline plant dynamics on aniline price.

1、 Price trend

According to the data monitoring of business news agency, the average price of domestic LNG on May 8 was 3070 yuan / ton, up 0.66% from the beginning of this week, 0.44% from the beginning of this month, and 5.86% from the same period last year.

2、 Analysis of influencing factors

At the end of the May Day holiday, the restrictions on the transportation of high-speed dangerous chemicals were lifted, and the domestic LNG market rose slightly. The liquid plants adjusted their quotations according to the shipment situation. The market showed a mixed situation of rise and fall. On May 8, the market continued to rise, with a one-day rise of 0.66%. Many places, such as Inner Mongolia, Shaanxi, Shanxi, Sichuan, Ningxia, etc., rose in a large area, with the increase generally concentrated in the range of 20-100 yuan / ton. Due to the continuous price reduction in the early stage, the inventory of the liquid plant is generally not high, and the increase of planned maintenance enterprises in the near future, the market supply is slightly tightened, and the downstream replenishment after the festival and other favorable factors, the manufacturer’s shipment is improved, and the price is positively pushed up, but restricted by the off-season factors, it is not easy to have a large increase, mainly with small fluctuations.

On May 8, the domestic LNG market rebounded and rose, with 2950-3250 yuan / T in Inner Mongolia, 3050-3250 yuan / T in Shaanxi, 3100-3320 yuan / T in Shanxi, 3020-3100 yuan / T in Ningxia, 3450-3490 yuan / T in Henan, 3030-3350 yuan / T in Hebei, and 3300-3450 yuan / T in Sichuan. The liquid prices in various regions generally rose.

region Specifications May 8th April 30th Up and down

Inner Mongolia liquified natural gas 2950-3250 2900-3150 Up 100-250

Shaanxi liquified natural gas 3050-3250 3030-3220 Up 30-170

Shanxi liquified natural gas 3100-3320 3100-3250 Up 70-120

Ningxia liquified natural gas 3020-3100 3080-3150 Down 50-70

Henan Province liquified natural gas 3450-3490 3300-3410 Up 80-150

Hebei liquified natural gas 3030-3200 3150-3250 Down 50-80

Sichuan liquified natural gas 3300-3450 3070-3300 Up 0-150

Downstream products are mixed:

On May 8, the ex factory quotation of methanol enterprises in Shandong Province was raised, and the negotiation price of methanol market in southern Shandong Province increased by 10 yuan / ton to 2520-2540 yuan / ton. Linyi receives the local goods to negotiate the price to 2520-2530 yuan / ton and deliver them to the spot exchange, while the logistics goods offer the price to 2470-2480 yuan / ton and deliver them to the spot exchange. Enterprise inventory is not high, the mentality is strong, but the downstream is mainly the implementation of the contract. The mainstream price of Shandong methanol in Lubei market is 2470-2490 yuan / ton, which is delivered to cash. There is no obvious empty order, so the contract is mainly executed. The offer of methanol market in central Shandong temporarily maintains 2480-2500 yuan / ton, which is sent to spot exchange. The transaction is general, so wait and see for the moment.

Liquid ammonia. On May 8, the market of liquid ammonia in Shandong Province was stable, and the market atmosphere was still cold. At present, the inventory pressure of the region’s goods source was acceptable, but the region was in the accumulation stage. The quotation of large factories in Shandong Province was stable, and the inventory pressure of manufacturers was general. The mainstream price in this region was 3650-3800 yuan / ton. At present, the production of liquid ammonia by manufacturers in the region is moderate, and the overall inventory pressure in the region has stabilized. It is expected that the price will stabilize in the near future.

Dichloromethane, on May 7, the market quotation of methane chloride in Shandong area was adjusted, and the quotation of manufacturers was slightly adjusted. The main factory quotation of dichloromethane was about 3470-3570 yuan / ton, and the main factory quotation of trichloromethane was about 3870-3930 yuan / ton. The market transaction was relatively stable.

3、 Future forecast

Liquefied natural gas analysts of business news agency believe that: at present, the inventory of liquid plants is generally not high, coupled with the increase of planned maintenance enterprises in the near future, the market supply is slightly tightened, and the downstream replenishment after the festival and other favorable factors, manufacturers are strongly in the mood of price support and pushing up. It is expected that the domestic liquefied natural gas market will continue to rise in the short term, but restricted by off-season factors, the rise is limited.