Near the end of the month, the civil liquefied gas market continued to rise, and the price still rose. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 4466.67 yuan / ton on July 22 and 4533.33 yuan / ton on July 26, with an increase of 1.49% and 4.78% compared with July 1.

As of July 26, the mainstream prices of liquefied gas in various regions in China are as follows:

Specifications type of shipping region Mainstream quotation

Civil gas Automobile transportation North China 4450-4580 yuan / ton

Civil gas Automobile transportation East China 4300-4430 yuan / ton

Civil gas Automobile transportation South China 4470-4550 yuan / ton

Civil gas Automobile transportation Shandong region 4500-4650 yuan / ton

Near the end of the month, the overall domestic liquefied gas price is still rising. On the 26th, the market price of liquefied gas in Shandong and East China was strong, and most of them delivered steadily; The overall price of South China market has increased, and the overall shipment situation of the market along the river is good, and the price has increased. Over the weekend, international crude oil closed up slightly, and the news brought positive support to the market. The inventory of most upstream enterprises in Shandong is at a controllable level and generally worry free. In addition, some refineries are still in the maintenance stage and have a strong mentality. The mainstream transaction price of civil gas in Shandong is around 4540-4550 yuan / ton. The enthusiasm of downstream market entry is fair, and the overall transaction atmosphere of the market is mild. Only individual manufacturers make small profits and ship goods according to their own conditions.

The recent surge in LPG futures market has brought certain benefits to the spot market. On July 26, the opening price of LPG futures contract 2109 was 4946, the highest price was 5047, the lowest price was 4918, the closing price was 4963, the former settlement price was 4972, the settlement price was 4966, down 9, down 0.18%, the trading volume was 90800, the position was 67026, and the daily position was increased by – 3421（ Quotation unit: yuan / ton)

Although the market is currently in the traditional off-season and the terminal demand is weak, due to the low overall supply in Shandong market, most refinery inventories are at the low level, the upstream mentality is good, coupled with the high operation of international crude oil, the overall market entry atmosphere in the downstream is more positive and the price is strong. At present, there are still positive factors in the market. It is expected that the market price of civil gas in Shandong is unlikely to fall sharply in the short term.

On July 24, the hydrobenzene commodity index was 91.61, the same as yesterday, down 10.20% from the highest point 102.01 in the cycle (2014-01-09), and up 205.47% from the lowest point 29.99 on April 7, 2020（ Note: the period refers to the period from December 1, 2013 to now).

Price rise and fall of main domestic hydrogenated benzene market from July 19 to July 23 (unit: yuan / ton)

Region., Price on July 19., Price on July 23., Weekly rise and fall

East China., 8425。， 8250。，- one hundred and seventy-five

Shandong Province., 8300。， 7950。，- three hundred and fifty

This week (July 19 to July 23), the market price of hydrogenated benzene in Shandong was temporarily stable, at 8300 yuan / ton at the beginning of the week and 7950 yuan / ton at the end of the week, down 350 yuan / ton.

Summary of price adjustment of Sinopec pure benzene in July 2021 (unit: yuan / ton)

Date., Adjusted price., Adjustment amount.,

July 2, 8750., + 300

July 12, 8600. – 150

July 19, 8450. – 150

July 21, 8150. – 300

On July 21, 2021, the listing price of Sinopec’s pure benzene was reduced by 300 yuan / ton. At present, it is 8150 yuan / ton, of which Qilu Petrochemical is 8100 yuan / ton.

This week, the trend of pure benzene market first fell and then rose. The trend of crude oil market in the first half of the week was downward and the price rebounded at the weekend. The pure benzene market closely followed the trend of crude oil this week and mainly operated from weak to strong. The hydrogenated benzene market is affected by the two rounds of Sinopec price adjustment this week, the market mentality is weak, and the overall market is mainly wait-and-see.

In the future, the business agency believes that the recent pure benzene market will be short-term tight due to the weather, the downstream demand will recover to a certain extent, which will support the price of pure benzene. Near the end of the month, the pure benzene market will be stable and upward.

1、 Price trend

According to the bulk data list of business society, on July 22, the average price of domestic hips was 12533.33 yuan / ton, down 0.53% from the beginning of the week and 0.53% from the beginning of the month.

2、 Market analysis

This week, the price of raw material styrene fluctuated, but the market weakened, the cost support was general, coupled with the general demand in the off-season, the hips shipment was poor, the offer of the cargo holder was loose, and there was room for negotiation. At the same time, the early maintenance device was closed, the supply increased, and mixed with bad and bad, the hips price weakened, the benzene inventory was low, and the price was strong. On the whole, the PS market was stable and weak. Up to now, the mainstream price of hips is mostly about 12300-14800 yuan / ton, and the price of benzene is mostly about 10600-11000 yuan / ton. The overall market is stable and partially adjusted.

In the international crude oil market, on July 21, the international oil price rose sharply. The settlement price of the main contract in the U.S. WTI crude oil futures market was reported as $70.32/barrel, up $3.12 or 4.64%, and the settlement price of the main contract in Brent crude oil futures market was reported as $72.23/barrel, up $2.88 or 4.20%. Although US commercial crude oil inventories increased for the first time in eight weeks, market risk index preference improved and oil prices rebounded sharply.

In terms of raw materials, the price of styrene has been lowered recently. The rebound correction after the sharp decline of crude oil and futures, and the cost support still exists. The inventory of domestic enterprises is low and some production is reduced, but new units are put into operation and maintenance units are restored one after another. It is expected that the supply will pick up in the future. The port inventory is low, and some shipments will be delayed next week. If the delivery remains, it is expected to go to the warehouse next week. On the downstream side, the terminal demand was off-season, and the demand for styrene was maintained. At the end of the month, there was a more active replenishment transaction in the bargain hunting market..

3、 Future forecast

The business agency believes that the current off-season demand is limited, there is a certain pressure on enterprise shipments, the offer is loose, and the cost support is general. It is expected that the hips market will be stable and weak in the short term.

1、 Price trend

According to the price monitoring of business society, on July 23, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14666.67 yuan / ton, an increase of 2.92% over the beginning of the month, which was the same as that of the same period last year.

2、 Market analysis

The salicylic acid market operated steadily this week, the enterprise price adjustment was not much, some were adjusted in a narrow range, the manufacturer’s production and sales were relatively balanced, the overall market fluctuation was not obvious, and the stable price shipment was the main. At present, the raw material phenol fluctuates, has an upward performance, and the cost support is still in. The salicylic acid manufacturers are fully open, the shipment is smooth, and the mentality of the operators is mostly peaceful. As of July 23, the quotations of salicylic acid industrial enterprises are mostly in the range of 12000-15500 yuan / ton, pharmaceutical enterprises are mostly in the range of 23000-26000 yuan / ton, sublimation enterprises are mostly in the range of 17200-20000 yuan / ton, and there are few changes in salicylic acid at all levels.

In terms of raw materials, the domestic phenol market operates in shock, there is a slight stalemate in the field, and the fundamentals change little. The negotiation atmosphere in the field is weak, and the goods holders are in the mood of stabilizing the price. However, the replenishment mood of the terminal factory is poor, the buying gas is not high, and the just need to follow up is mainly. The transaction is flat. The business society expects that the domestic phenol Market is weak today, and the market is expected to negotiate at 8900-9000 yuan / ton.

3、 Future forecast

Salicylic acid analysts of the business agency believe that at present, the price of raw materials fluctuates, the cost support is OK, and the manufacturers’ shipment is smooth and the production and sales are relatively balanced. It is expected that the salicylic acid market will continue to be stable in the short term.

According to the monitoring data of the business news agency, the external price of ethylene has risen slightly in the near future. The average price of ethylene on the 21st was US $1051.50/ton, and the average price of ethylene on the 22nd was US $1052.75/ton, up 0.12%. The current price has increased by 2.58% on a month on month basis, and the current price has increased by 41.64% on a year-on-year basis.

In the near future, the overall external ethylene market is on the rise. The price of ethylene market in Asia was stable. As of the 22nd, CFR closed at US $1001-1011 / T in Northeast Asia and US $966-976 / T in Southeast Asia. As of the 22nd, the price center of ethylene market in Europe moved up, with FD closing at US $1160-1170 / T in northwest Europe and CIF closing at US $1063-1071 / T in northwest Europe. The price of ethylene in the U.S. is stable. As of the 22nd, the price is 1045-1062 US dollars / ton. Recently, the market of ethylene in the external market has been fluctuating and rising. The price of ethylene in the U.S. has increased a lot in the early stage and is relatively stable in the near future. Generally speaking, the external market demand of ethylene is good, the buying atmosphere is active, the transaction is good, and the focus of ethylene market is moving up.

International: on July 21, the international oil price rose sharply. The settlement price of the main contract in the U.S. WTI crude oil futures market was US $70.32/barrel, up 3.12 US dollars or 4.64%. The settlement price of the main contract in the Brent crude oil futures market was US $72.23/barrel, up 2.88 US dollars or 4.20%. Although US commercial crude oil inventories increased for the first time in eight weeks, market risk index preference improved and oil prices rebounded sharply.

The price of styrene has been lowered recently. Crude oil, futures rebounded after the correction, cost support still exists. The inventory of domestic enterprises is low, and some of them have reduced production. However, new devices have been put into operation and maintenance devices have been restored. It is expected that the supply will pick up in the future. Port inventory low, benzene week part of the cargo delay, if pick up to maintain, expected to go to the warehouse next week. At the end of the month, more active replenishment transactions appeared in the bargain hunting market.

Ethylene analyst of business society chemical branch thinks: at present, in terms of crude oil, the consumption of refined oil in the United States is fast, the market demand is good, and there is still room for crude oil to rise. Therefore, the data analysts of business agency expect that the external price of ethylene will mainly rise next.