According to the bulk list data of business society, the price trend of TDI in East China rose in July. At the beginning of the month, the average price of TDI market was 13866.67 yuan / ton, and at the end of the month, the average price of TDI was 15166.67 yuan / ton, an increase of 9.37% in the month. As of the 31st, the outbound price of domestic goods with tickets is around 14300-14500 yuan / ton, and that of Shanghai goods with tickets is around 14700-15100 yuan / ton.

In July, the TDI market rose as a whole, and the market mentality was mainly wait-and-see. There were two obvious increases this month. It was learned from the market news in early July that Xinjiang Juli plant was shut down, which boosted the market mentality. The offers of cargo holders mostly followed the increase, and there were few low-price offers in the yard. The downstream side mainly purchased on demand; Around July 20, the weekly guidance price of the factory was announced one after another. The goods holders adjusted their quotation according to the news of large factories. The market offer was stable and small, and the quotation of dealers also kept up with the rise. However, the downstream purchase was still weak, the enthusiasm to enter the market was general, the purchase was just needed, the on-site wait-and-see mentality, and the market situation became stable.

The upstream toluene market fluctuated, with an overall increase of 0.85% in the month, and the average production price at the end of the month was 5810 yuan / ton. In the early stage, the toluene market was driven by the rise of crude oil, the on-site supply was reduced, the focus of negotiation in the toluene market was high, and the international crude oil showed a downward trend in the later stage. In addition, the listing price of Sinopec was lowered, the market wait-and-see mentality was strong, the downstream follow-up was weak, the demand of the domestic spot market was weak, and the toluene market was sorted and operated.

According to the analysis of TDI data division of business society, at present, the TDI market is mainly on the sidelines, the on-site trading atmosphere is light, the dealer’s market quotation is firm and stable, and the downstream follow-up is just needed. The factory listing price news is released at the end of the month, and the offer of the goods holder is stable and small. It is expected that the TDI market will be on the sidelines temporarily in the later stage and pay attention to the downstream follow-up.

DOP price stops rising and wants to fall

According to the data monitoring of business society, affected by the rise in raw material prices, DOP prices rose all the way in July. As of July 29, the DOP price was 15725.00 yuan / ton, up 18.23% from the DOP price of 13300.00 yuan / ton on July 1. However, it can be seen from the DOP price trend chart that since the latter ten days, the increase of DOP has slowed down. After the 26th, the DOP price has stabilized. On the 29th, the DOP price fell slightly and the DOP line lust fell.

The situation of raw material market is surging

It can be seen from the isooctanol price trend chart that the isooctanol market rose sharply in July, the isooctanol price rose as high as 20% in July, the cost of DOP rose sharply in July, and the rising power of DOP was large. The price rise of isooctanol began to slow down in the lower reaches, and the upward momentum of DOP in the future weakened.

As can be seen from the phthalic anhydride price trend chart, the phthalic anhydride market rose violently in July, and the phthalic anhydride price rose all the way in July, with an increase of 5%. The upward momentum of DOP increased, stimulating the rise of DOP.

The downstream market is under pressure

As can be seen from the PVC price trend chart, the PVC market rose slightly in July. Since late July, the PVC price has fallen slightly, the downstream demand of DOP is weak, and the downstream downward pressure of DOP is increasing.

Market overview and future expectations

Bai Jiaxin, DOP data analyst of business agency, believes that the price of plasticizer DOP rose sharply in July, stimulating DOP prices to rise. However, although the downstream PVC continues to be high affected by the rise of calcium carbide, the rise of PVC price is relatively stable, the PVC cost pressure is increasing, the downstream cost pressure is transmitted to the upstream, the upward driving force of DOP is weakened, and the downward pressure is increased. Overall, the price of raw materials stabilized, the rising power of raw materials weakened, the downstream cost pressure was transmitted, there was no room for the rise of plasticizer DOP, the downward pressure increased, and the desire of plasticizer DOP fell in the future.

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.