I. Price Trend Chart of Sodium Pyrosulfite in China

According to the monitoring of business associations, the domestic price of sodium pyrosulfite continued to run at the bottom this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1816.67 yuan/ton, and the average price at the end of the week was 1816.67 yuan/ton, with an increase of 0.

II. Market Analysis

Product: This week, the overall performance of sodium pyrosulfite market is still low. The price range of industrial sodium pyrosulfite market is 1700-1900 yuan/ton. Most of the prices are concentrated in the vicinity of 1750-1800 yuan/ton. The raw material cost has been suppressed at a low level, and the upstream and downstream trade entities are cautious in buying and selling. In order to ensure that shipments continue to lower the market price of sodium pyrosulfite, the domestic market price of sodium pyrosulfite continued to run at a low level this week. Affected by high temperature and continuous shrinkage of processing profits, some manufacturers have entered the state of shutdown and maintenance. Enterprises mainly complete orders from old customers, and the market atmosphere is general. (The above prices refer to the foreign quotations of the mainstream domestic enterprises, some of which are not reported for the time being. The prices are for reference only. They have nothing to do with the final pricing of the manufacturers. For details, please contact the manufacturers for consultation.

Industry chain: Sodium pyrosulfite upstream soda price bottom operation this week, the overall price of sulphur continued to fall by 2.47%, raw material costs continued to suppress, in the short term, Sodium pyrosulfite market prices warmed and pressured.

3. Future Market Forecast

Business analysts believe that sodium pyrosulfite market is difficult to improve in the short term due to the continuous suppression of raw material costs, the shrinking of processing profits and the continuing slump in terminal demand.

Price Trend

The domestic BDO market is running smoothly. According to the sample data monitored by business associations, the average price of the domestic BDO market was 9360 yuan/ton as of August 15, rising by 1.74% annually and falling by 19.21% year-on-year.

II. Market Analysis

Products: The domestic BDO market runs smoothly. Under the pressure of cost, manufacturers are not willing to make profits. Except for Dongyuan Parking and Repair, there is no obvious change in other factories and no favorable support in the supply side; the downstream demand side is still weak, contract delivery is dominant, the spot market just needs small single delivery, and the high-end negotiation atmosphere is cold. At present, there are many negative factors in the domestic BDO market, and the supplier is strong and market intention is downward, and the focus is rigid.

On the market side, the BDO market in South China is deadlocked. The market is full of goods, the digestion of downstream contracts is slow, and the negotiation of spot orders is weak. Under the supply-demand game, the supplier’s price-keeping mentality supports the temporary stability of the market focus. The BDO market in East China is running steadily. At present, although there are factory maintenance, but the market supply is abundant, the downstream demand is weak, the actual single talk is cold, the factory price mentality, the center of gravity is stable.

Industry chain: raw materials, methanol: methanol market is stable, the mainstream price in Inner Mongolia this week is 1800-1850 yuan/ton, upstream factory shipments are smooth, most manufacturers stop selling, traders are optimistic about the recent market. The mainstream price in Guanzhong area today is 2000-2050 yuan/ton. As many factories in Guanzhong still haven’t recovered, the remaining factories insist on bidding, and Xianyang chemical plant will resume production soon.

Calcium carbide: Domestic Calcium carbide ex-factory price consolidation is the main trend, mainstream prices are stable, but real single transactions continue to appear at low prices, downstream areas of Shaanxi, Hebei and Tianjin have been downgraded, so aggravating market wait-and-see, Ningxia, Wuhai area factory prices began to loosen, domestic calcium carbide ex-factory prices are expected to decline again.

3. Future Market Forecast

At present, the cost pressure is high and the manufacturers are willing to keep their prices, but the downstream demand is difficult to improve. The atmosphere of negotiation is light and the focus of negotiation is in the middle. In the short run, BDO analysts of business associations expect that the domestic BDO market will continue to operate weakly, focusing on changes in supply and demand.

Price Trend

The domestic toluene market was generally stable this week, with prices slightly falling, down about 1.3% this week, as a result of the fall in international crude oil, according to business associations’big list data.

II. Analytical Review

1. Products: The trend of toluene market is steady this week. At present, the mainstream price in East China is around 5400 yuan/ton. According to the feedback from traders, the turnover this week was not satisfactory. Compared with last week, the port inventory increased by 5,000 tons, reaching about 45,000 tons.

2. Industrial chain:

Upstream, crude oil, affected by fears of global economic recession, another round of interest rate cuts by the global central bank and tariff imposition by Trump, fell sharply this week compared with last week, with spot Brent down 7.73%, Brent futures down 7.5%, WTI futures down 5.77%, Dubai futures down 5.88%.

Downstream, TDI, prices fell, trading is not strong, short-term TDI is expected to maintain a small volatility consolidation trend. In the PX market, the decline of the external price has a negative impact on the domestic PX market price. The domestic PX price trend is temporarily stable. It is expected that the short-term PX market price will maintain a volatile trend.
3. Future Market Forecast

Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the trend of the situation in the Middle East, the United States and Iraq, the follow-up game of Sino-US trade negotiations, and the expected fluctuation of crude oil demand in the global economic outlook after a new round of interest rate cuts by the global central bank. Overall, the toluene market is expected to experience a slight fluctuation next week.

Price Trend

Market Analysis of Potassium Carbonate Products

(Photo Source: Business Association Commodity Analysis System)

According to the data monitored by business associations, the price of potassium carbonate was temporarily stable this week. As of August 9, the average tax price of the mainstream domestic light potassium carbonate factory was 6550 yuan/ton, and the market was stable.

II. Analysis of Influencing Factors

Products: This week’s potassium carbonate market is not good, the trading atmosphere is cold, downstream purchasing just needs, while the plant start-up rate of manufacturers is low, the overall inventory low purchasing market momentum is low, the domestic potassium carbonate market is stable. According to the statistics of business associations: on August 10, the quotation range of domestic industrial potassium carbonate mainstream factory is about 6500-6800 yuan/ton (quotation only for reference). The quotation varies according to the purchasing situation.

3. Future Market Forecast

Potassium carbonate analysts believe that the short-term consolidation of potassium carbonate prices, long-term market still needs to wait and see, “gold nine silver ten” is coming, the market may be somewhat warmer, mainly concerned about whether the late demand side has improved.

Price trends:

On August 10, the hydrobenzene commodity index was 53.53, unchanged from yesterday, down 47.52% from the peak of 102.01 points in the cycle (2014-01-09), and up 20.13% from the low of 44.56 points on August 31, 2015. (Note: Period refers to 2013-12-01 to date).

II. Market analysis:

This week (8.05-8.09) the domestic hydrobenzene market fell. The average domestic market price was 4900 yuan/ton at the beginning of the week and 4850 yuan/ton at the end of the week, falling by 1.02%.

Domestic market: Hydrobenzene enterprises started relatively stable this week, and the domestic market except Shanxi, Hebei and Henan basically started normal. The tender price of crude benzol in the main producing area dropped sharply this week, with a drop of about 200 yuan/ton. Market participants were short-sighted. The enthusiasm of entering the market downstream was not high and the transaction was limited. It further suppressed the hydrobenzene market. As of Friday, the mainstream quotation of domestic hydrobenzene market in Shandong was 4500-4550 yuan/ton, and the market fell by about 200-250 yuan/ton.

Industry chain: crude oil rebounded on Thursday after falling this week. By Friday’s close, Brent was 5.93% lower than last Friday, while WTI was 2.34%. Influenced by the trade war at the beginning of the week, market concerns about slowing economic growth and reducing oil demand revived. EIA again lowered its global oil demand forecast and international oil prices fell. On Wednesday, EIA released data showing that U.S. crude oil and refined oil stocks had increased and international stocks had plunged as of August 2. On Thursday, Saudi Arabia said it would take measures to stabilize the oil market and stop oil prices falling and rebounding. Pure benzene: Sinopec lowered the listing price of 100 yuan/ton and 150 yuan/ton of pure benzene on the 5th and 8th respectively; Sinopec lowered the price next day by 250 yuan/ton compared with last week. This week, about 156,000 tons of pure benzene were in stock at the port, up from last week. Influenced by bad news such as crude oil, pure benzol and the softer downstream market, the traders are cautious and wait-and-see in the downstream market. Crude Benzene: There are many negative factors in the market this week, pure benzene outer plate and international crude oil are lower. The market is generally bearish on Sinopec pure benzene future market. In macro aspect, RMB exchange rate breaks 7, friction escalation, pure benzene outer plate continues to decline, market mentality is not good, and the pressure on manufacturers to move goods increases. Demand: downstream hydrobenzene enterprises start relatively stable, but at present manufacturers are not very motivated to purchase, and have digested pre-inventory. In Shanxi, Henan and Hebei, the start-up rate of some hydrobenzene enterprises has not been restored, the downstream demand is limited, and crude benzene lacks downstream support. Supply side: This week, coking enterprises started stably, with a steady start-up rate of about 7-80%. The market is relatively abundant, and there is pressure on coking enterprises to deliver goods.

3. Trend forecast:

Pure benzene and international oil prices both fell this week, the market mentality is not good, pure benzene market inside and outside the market continues to hang upside down short market, although hydrobenzene or dragged by the industrial chain, is expected to weaken next week.