On July 5, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 5th day. Pengzhou Petrochemical Plant operated steadily in the field, 50% of Urumqi Petrochemical Plant started operation, one line of Fuhaichuang Aromatic Hydrocarbon Plant started operation, CNOOC Huizhou Refinery and Chemical Plant overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On July 4, the closing price of p-xylene in Asia dropped by 10 US dollars per ton. The closing price is 818-820 US dollars per ton FOB in Korea and 837-839 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. The price trend of p-xylene in the market is stable for the time being.

WTI crude oil futures closed on July 4. Brent crude oil futures prices fell in August to $63.30 per barrel, a decline of $0.52. Crude oil prices declined, losing some cost support for downstream petrochemical products prices, while xylene market prices temporarily stabilized. Recent textile industry prices have fallen, PTA prices have declined on the 5th day. The average offer price in East China is raised near 6700-6800 yuan/ton. By the 4th day, the domestic PTA start-up rate is about 99%, the polyester industry start-up rate is about 90%, and the downstream production and sales rate remains high. However, PTA market prices have declined, and it is expected that the price of PX market will remain earthquake in the later period.

On July 3, the phthalic anhydride commodity index was 55.64, unchanged from yesterday, down 53.68% from the cyclical peak of 120.13 points (2012-02-28), and up 14.91% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has risen slightly, the market price of phthalic anhydride in East China has rebounded, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbourhood source negotiations is 5700-5800 yuan/ton, and the mainstream of naphthalene source negotiations is 5300-5400 yuan/ton in the phthalic anhydride market in North China. Mainstream quotation ranges from 5700 to 5800 yuan/ton, market price rises slightly, quotation of enterprises rises slightly, downstream start-up is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, phthalic anhydride price trend is rising.

Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is about 7300 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.

Price Trend

According to the sample data monitored by business associations, the price of phosphoric acid on July 03 was 4516.67 yuan/ton, which was unchanged from yesterday, and the market is stable today. In the second half of June, the price of phosphoric acid began to fall, dropping by 1.81% on the third day.

II. Market Analysis

Today’s domestic mainstream manufacturers offer stable, some factories negotiate the system of real orders. The average price of the main producers of phosphoric acid is 4516.67 yuan/ton, and the price is stable for the time being. With the promulgation of preferential policies for electricity prices in June, yellow phosphorus fell sharply, while demand increased slowly, phosphoric acid prices fell back to spring water-saving level; downstream phosphorus fertilizer spring tillage and fertilizer preparation started slowly, with fewer new single transactions, weak demand and a strong wait-and-see atmosphere.

3. Future Market Forecast

Phosphoric acid analysts believe that the current price has fallen to a low level, coupled with increased market demand, the market is expected to operate steadily in the future.

On July 1, the fluorite commodity index was 109.21, up 0.44 points from yesterday, down 14.34% from 127.49 points in the cycle (2019-01-03), and up 121.93% from 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic fluorite price trend is temporarily stable, the average domestic fluorite price is 312.5 yuan/ton as of the 2nd day. Recently, the domestic fluorite plant started normally, the mine and flotation plant in the field started normally, the supply of fluorite in the field is slightly tight, and the price of hydrofluoric acid in the downstream is rising recently. For the fluorite market, the price trend of fluorite market is on demand. Rise. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream pick-up situation improved, resulting in rising market price trend. As of the 2nd day, the price of 97 fluorite wet powder in Inner Mongolia was 2900-3100 yuan/ton, the mainstream of 97 fluorite wet powder negotiations in Fujian was 3000-3300 yuan/ton, the price of 97 fluorite wet powder in Henan was 2900-3200 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi was 3000-3300 yuan/ton, and the price trend of fluorite remained high.

The price trend of hydrofluoric acid Market in downstream fluorite is rising. As of the 2nd day, the domestic market price of hydrofluoric acid is 12040 yuan/ton. The price fluctuation of hydrofluoric acid market has a certain positive impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general. The demand for fluorite is weakening and the price fluctuation of fluorite is running. Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price trend is stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water out of the factory offer price is between 18,000-19,000 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery quotation is general. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the on-site transaction price does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, the fluorite market supply is normal and the price of fluorite is rising. Chen Ling, an analyst of business associations, believes that the price of fluorite market may remain volatile.

On June 30, the fluorite commodity index was 107.89, unchanged from yesterday, down 15.37% from the peak of 127.49 points in the cycle (2019-01-03), and up 119.24% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, domestic fluorite prices have risen slightly, with an average price of 312.5 yuan per ton as of the 1st day. In recent years, domestic fluorite plants have been operating normally, mines and flotation plants have been operating normally, the supply of fluorite in the field has been slightly tight, and the price of hydrofluoric acid in the downstream has risen recently. For the fluorite market, the price of fluorite market has risen on demand. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream pick-up situation improved, resulting in rising market price trend. As of the 1st day, the price of 97 fluorite wet powder in Inner Mongolia was 2900-3100 yuan/ton, the mainstream of 97 fluorite wet powder negotiations in Fujian was 3000-3300 yuan/ton, the price of 97 fluorite wet powder in Henan was 2900-3200 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi was 3000-3300 yuan/ton. The price trend of fluorite remained high.

The price trend of hydrofluoric acid Market in downstream fluorite is rising. The domestic market price of hydrofluoric acid is 12040 yuan/ton as of the 1st day. The price fluctuation of hydrofluoric acid market has a positive impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general, and the demand for fluorite is weakening, and the price fluctuation of fluorite is running. Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price trend is stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water out of the factory offer price is between 18,000-19,000 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery quotation is general. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the on-site transaction price does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, the fluorite market supply is normal and the price of fluorite is rising. Chen Ling, an analyst of business associations, believes that the price of fluorite market may remain volatile.