The MTBE market rose steadily and the price broke through the 6000 yuan / ton mark. According to business news agency data, as of April 12, the price of MTBE was 6016 yuan / ton, up 5.19% month on month and 73.56% year on year.

Brent crude oil rose slightly, and gasoline prices also rose slightly, giving a certain impetus to MTBE market. In addition, due to the recent overhaul of Yuhuang plant, the spot supply in Shandong is limited, which is supported by many favorable factors, and merchants actively explore the rise.

As for the external market, as of April 9, the FOB Gulf price of the United States closed at 208.16-208.26 cents / gallon (738.97-739.32 US dollars / ton), the FOB ara of Europe closed at 688-688.5 US dollars / ton, and the FOB Singapore of Asia closed at 711-713 US dollars / ton.

Region, country, closing price, up and down

Asia ﹣ FOB Singapore ﹣ 694.5-696.5 USD / T – 3.5 USD / T

U.S. $738.97-739.32/t

Europe ﹣ FOB Ara ﹣ 678.75-679.25 USD / T-2 USD / T

Recently, the demand of main business units has increased slightly, and the demand of refining rigidity is still there. At present, the equipment maintenance in some areas of China has limited spot resources, and the merchants are willing to support the market. MTBE analysts of business news agency believe that the domestic MTBE market will rise in a narrow range in the short term.

1、 Price trend:

According to the data of business club’s block list, in early April, the domestic PA6 market generally fell at a high level, and the spot price mostly dropped. As of April 12, the mainstream offer price of sample enterprises for CNMC 2.75-2.85 was about 14800 yuan / ton, a decrease of 1.33% compared with the average price at the beginning of the month, and a rise of 42.31% compared with the same period last year.

2、 The influencing factors were analyzed

In terms of upstream caprolactam, in the first half of last month, the tightening of external petrochemical industrial chain supply gradually exhausted the positive effect on caprolactam, and the price began to fall after reaching the high point of the range in the middle of the month. In the first ten days of this month, the domestic spot price of caprolactam continued to callback. According to the data of business news agency, the domestic average price was 13100 yuan / ton before publishing. The supply side continued to be abundant. Although the support from the cost side was still strong, the contradiction between supply and demand in the market put pressure on the market. At present, the operating rate of domestic caprolactam manufacturers is still high, and the on-site supply may continue to accumulate. Next, we will enter the peak maintenance season. However, in order to ease the current situation of oversupply, we need to wait for the major factories to start maintenance in late April. It is suggested that we should pay close attention to the manufacturers’ maintenance plans in the near future.

The price of caprolactam continued to fall, the cost support of PA6 was weakened, and the market continued to decline. At present, the decline of PA6 market has lasted for more than a month. In addition to the weakening of upstream price, another important factor comes from PA6 industry itself. At present, domestic PA6 supply is strong, demand is weak, market transaction power is insufficient, and trading is poor, which is a drag on the focus of offer. Traders and factories began to accumulate inventory, and the high inventory and the drop of spot reduced the profit of polymerization plant. Recently, the profit situation of domestic polymerization plants is not good, and most manufacturers have negative profit situation, which leads to the passive reduction of negative profit of some units. At present, the operating rate of the industry has dropped to 70%, and it is likely to continue to decline.

3、 Future forecast:

Business analysts believe: in early April, the upstream caprolactam of PA6 continued the previous correction and continued to go down, and the cost support of PA6 was weakened. At present, the purchase intention of PA6 downstream plants is not strong, the wait-and-see atmosphere is rising, and the overall demand is weak. Businesses actively let profits go, while the industry passively reduces its burden. Overall, the current fundamentals of PA6 are mainly negative, and it is expected that the price of PA6 will continue to decline.

1、 Price trend

According to the data of business club’s block list, the domestic propylene (Shandong) market continued to rise slightly in early April. At the beginning of ten days, the price was 7944 yuan / ton, and at the end of ten days (April 9), the price was 8228 yuan / ton, with an increase of 3.57%.

2、 Analysis and comment

According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly, with an average daily increase of about 50 yuan / ton. From the beginning of June, the price rose steadily. Today, most of the prices rose by 50 yuan / ton. Now, the market transaction is between 8200 and 8400 yuan / ton, and the mainstream price is about 8200 yuan / ton. U.S. propylene on April 1, down on the domestic market may have a certain impact. Propylene prices in Asia have declined slightly in recent days, which will also have a certain impact on the propylene market. Propylene market is now no pressure inventory, part of the device is still in repair.

Recently, the international crude oil market has witnessed constant events, and the price fluctuated. On April 8, the crude oil price rose slightly, which had little impact on the propylene market.

The price of PP remained stable in this ten day period, and declined after rising at the end of the ten day period. The ten day increase was 0.19%, and the ten day amplitude was 0.56%. The futures market was cold and had limited impact on propylene.

Acrylic acid prices fell sharply in this ten day period, with a drop of 8.31% in this ten day period, which had a significant negative impact on propylene.

The market of propylene oxide rebounded after a decline in this ten day period, with a decline of 1.09% in ten day period and an amplitude of 2.55% in ten day period, which has a small suppressing effect on propylene.

The market of epichlorohydrin fell down and became stable after rising in this ten day period, with a ten day increase of 1.32% and a ten day amplitude of 3.16%, which had little impact on propylene.

The domestic n-butanol price fluctuated downward in this ten day period, with a ten day decrease of 3.64% and a ten day amplitude of 4.55%, which had a certain suppressive effect on the propylene market.

The price of isooctanol rose after a decline in this ten day period, with a decline of 0.27% in ten day period and a range of 3.46% in ten day period. The impact on propylene was limited.

Isopropanol prices declined slightly in this ten day period, with a 10 day decrease of 1.86%, which had a small negative impact on propylene.

The price of phenol in East China rose slightly in this ten day period, with a ten day increase of 1.64%, which had a slight positive effect on propylene.

In East China acetone market, the quotation of manufacturers declined in this ten day period, with a decline of 4.45% in this ten day period, which has a negative impact on propylene.

3、 Future forecast

The propylene analyst of business society chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is not much, some units are overhauled, the crude oil market has risen slightly, and the downstream operating rate is acceptable, but the market is mainly stable, with a slight negative trend. The polypropylene market is general, and the acrylic acid market has declined more, but the crude oil still plays a strong role. It is expected that the market will continue to follow the crude oil market in the future The situation fluctuates, and it is possible to continue to rise slightly.

Spot price: according to the price monitoring of the business community, the domestic staple fiber quotation on April 8 was 7018 yuan, down 1.47% from last week.

Futures market: on April 8, the futures price of the pf2105 contract closed at 6918, down 1.93% from the previous trading day, with a settlement price of 6974 yuan, a trading volume of 116465 and a base of 82068 positions. Domestic polyester industry chain futures closed down one after another, with PTA in the upstream industry chain down 2.97% and ethylene glycol down 2.19%.

Analysis and Forecast: the international oil price shocks, PTA, glycol, staple fiber industry chain since last week a small rebound. PTA earlier accumulated rebound is larger, today’s callback is also larger. Ethylene glycol also lacks the power to continue to rise, so it will be back today. Staple fiber prices have fallen sharply since March, downstream mills, trade intermediaries low position, staple fiber recent rebound. However, there is no obvious improvement in downstream orders, the willingness to replenish is weakening, and the wait-and-see mood is strong. Today, the price of staple fiber is weak, rebounding and then falling. In the future, the accumulation pressure of short-term polyester staple fiber is still in, or still weak shock. However, in the medium term, after the inventory is slowly consumed, with the advent of a new purchasing cycle in the downstream, the kinetic energy of the decline of polyester staple fiber will be weakened, and the crude oil is expected to rebound when it is stable.

1、 Price quotation

According to the data of business news agency, the spot price of cotton rose after the Qingming Festival holiday, and the price of 3128b on the 7th was about 15389 yuan / ton.

2、 Market analysis

Domestic: it is reported that China’s cotton price index 3128b was 15383 yuan / ton on the 7th. According to the data of the national cotton market monitoring system, as of April 2, the national new cotton sales rate was 85.1%, increased by 2.9% on a month on month basis, of which Xinjiang cotton sales rate was 85.0%, increased by 3% on a month on month basis; the national cumulative sales of lint was 5.058 million tons, increased by 169 thousand tons on a month on month basis. The increase of weekly sales data shows that the market demand is still growing, especially in the peak production season of textile enterprises, and the downstream demand has support.

International: ice cotton market rose sharply on June 6. The settlement price of the main contract in May was 79.22 cents, up 134 points; the settlement price of the contract in July was 80.47 cents, up 129 points; the settlement price of the contract in December was 79.41 cents, up 154 points; other contracts were up 91-138 points.

Futures: April 6 Zheng cotton main contract 2105 contract rose 2.13%. April 7 Zheng cotton main contract 2105 contract rose 0.37%.

3、 Downstream industry chain

Recently, after a round of decline in cotton prices, enterprises lack confidence in purchasing, and purchasing strength is declining. With the gradual stabilization of cotton prices, raw material inventory is gradually declining, and the production peak season is superimposed, enterprise purchasing will also be gradually launched. At present, the trading volume of cotton yarn and grey fabric market remains light, the pure cotton yarn market is not good as a whole, the cotton yarn inventory of yarn mills continues to accumulate, but it is still at a low level, and the load is mainly stable.

According to statistics, from January to February, the output of chemical fiber, yarn, cloth and clothing of Enterprises above designated size increased by 32.5%, 45.9%, 24.1% and 38.4% year-on-year respectively, and the growth rate was 46.1%, 85.3%, 60.1% and 75.0 percentage points higher than that of the same period of last year respectively. From January to February, China’s textile and clothing exports reached US $46.1 billion, up 55.0% year on year. The data of the first two months shows that the export growth of the textile industry has increased significantly. At present, the cotton fundamentals maintain a healthy operation. By the end of February, the national cotton commercial inventory was 5.0472 million tons. It is expected that the cotton position will fluctuate upward in the later period.