According to the Commodity Market Analysis System of Business Society, as of March 6th, the average market price of resorcinol was 44500 yuan/ton. On February 26th, the average market price of resorcinol was 44375 yuan/ton, an increase of 125 yuan/ton from last week, or 0.28%.

In terms of cost, pure benzene has been rising for several consecutive days and then falling in the short term, supporting the stable operation of upstream meta phenylenediamine prices after a slight increase, while the cost support for meta phenylenediamine has weakened. After the holiday, downstream construction began one after another, and the purchasing atmosphere on the demand side slightly improved, but still mainly focused on small orders for basic needs. Overall, there is a lack of positive news on the market, and it is necessary to continue to pay attention to the post holiday cost price trend and downstream market demand. In the later stage, the stability of pre resorcinol is mainly moderate to strong.

According to the Commodity Analysis System of Business Society, the domestic 25% sodium acetate market has seen a slight increase since March. As of March 5th, the mainstream retail price in the market is around 837 yuan/ton, an increase of 3.02% from the average price of 812 yuan/ton in February. Due to the resumption of work and production in various industries after the holiday, the demand for sewage treatment has increased, and the price of sodium acetate factories has risen, leading to a rebound in the market. It is expected that the focus of the sodium acetate market will remain stable in the short term, with narrow consolidation as the main trend.

Product name: Sulfuric acid

Latest price (March 4th): 241.25 yuan/ton

On March 4th, the domestic sulfuric acid market price significantly increased, with a price increase of 17.5 yuan/ton compared to March 1st, an increase of 7.82%, and a year-on-year decrease of 6.01%. The upstream sulfur market has recently seen a significant increase, with increased cost support. The downstream market for monoammonium phosphate and titanium dioxide has slightly increased, and downstream customers are more proactive in purchasing sulfuric acid. Duo Zhong Li is good, and the sulfuric acid market is soaring.

It is expected that the domestic sulfuric acid market price will slightly increase in the future, with an average market price of around 250 yuan/ton.

According to the commodity market analysis system of Business Society, sulfur prices in East China increased significantly in February. On February 29th, the average ex factory price of sulfur in the East China region was 1020.00 yuan/ton, an increase of 9.29% compared to the average ex factory price of 933.33 yuan/ton at the beginning of the month.

This month, the sulfur market in East China has shown a strong upward trend. Before the Spring Festival, the downstream of Shandong region actively prepared goods before the festival, and manufacturers shipped smoothly, leading to an upward trend in sulfur prices; After the holiday, local refineries continued the pre holiday atmosphere, and many manufacturers in Shandong province raised their prices; In the latter half of the year, downstream purchasing enthusiasm weakened, and traders had high inventory. Coupled with sufficient market supply, sulfur prices were consolidated and lowered.

The downstream sulfuric acid market remained stable and upward in February, with a market price of 187.50 yuan/ton at the beginning of the month and 203.75 yuan/ton at the end of the month, an increase of 8.67% within the month. After the holiday, there will be a price increase, which is beneficial for the rise of sulfuric acid market. However, the overall supply of mainstream sulfuric acid manufacturers will continue to be sufficient within the month. Downstream suppliers will mainly digest early inventory and follow up on sulfuric acid procurement as needed. Sour companies will keep their quotes stable and wait.

The market for monoammonium phosphate was consolidating in February, with weak trading and fewer new orders before the Spring Festival; After the holiday, the prices of ammonium phosphate manufacturers remained stable, and the market was mostly wait-and-see. Downstream compound fertilizer enterprises held a cautious attitude, mainly purchasing according to demand. The trading atmosphere at the end of the month improved, and the price of ammonium phosphate slightly increased. As of February 29, the average market price of 55% powdered ammonium phosphate was 3120 yuan/ton, which is 0.43% lower than the average price of 3133 yuan/ton on February 1.

In the future market forecast, sulfur analysts from Business Society believe that the operation of sulfur enterprises is normal, and the market supply of goods is sufficient. We are waiting for spring to come, and the terminal compound fertilizer market will gradually expand. Downstream construction may improve, and the market trading atmosphere will improve. It is expected that the sulfur market will operate smoothly in March.

Ethylene glycol prices fluctuate at high levels

The price of ethylene glycol fluctuated at a high level in February. According to data from Business Society, as of February 29th, the average price of domestic oil to ethylene glycol was 4630 yuan/ton, an increase of 7.49% from the beginning of the year (January 1st) at 4307.5 yuan/ton.

Due to factors such as overseas device news in December 2023 and continuous inventory depletion, the price of ethylene glycol has gradually fluctuated horizontally after climbing to a nearly one-year high.

After the holiday, the supply of ethylene glycol has rebounded, and the port to port capacity has recovered to 110000 to 120000 tons. With the restart of satellite petrochemicals in China, the production of equipment has rebounded. Last week, the total domestic ethylene glycol production capacity utilization rate was 65.88%, an increase of 2.88% compared to the previous week. Among them, the integrated unit production capacity utilization rate was 68.73%, an increase of 2.79% compared to the previous week; The utilization rate of coal to ethylene glycol production capacity was 60.79%, with a month on month increase of 2.85%.