On July 13, the average market price of 3128b lint was 17392 yuan / ton, down 0.95% from the previous trading day and up 3.98% year-on-year.

On July 13, the domestic cotton price index was 3128b, with an average price of 17408 yuan / ton, down 151 yuan / ton from the previous day. On the 13th, the State Reserve opened the first round of collection and storage, purchasing 5000 tons through the trading market, with a maximum price of 17550 yuan / ton (standard grade 3128b). The current cotton price trend is downward, and the collection and storage policy has a relatively limited role in supporting the bottom of cotton prices. Yesterday’s USDA July data reduced global consumption and increased ending inventory. Ice American cotton prices were under pressure to fall by the limit, while domestic Zheng cotton prices fell synchronously, falling below the 15000 mark. The psychological defense line of market participants’ continuous downward adjustment was broken one after another.

The downstream cotton yarn market has been dragged down by the falling cotton price, and the textile industry as a whole has encountered the problem of shortage of orders. Superimposed on the recent high-temperature power cuts in some areas, the number of textile enterprises that have holidays and downtime has increased, and the startup rate of yarn mills continues to decline. Due to large fluctuations in the price of raw materials, the quotation of some cotton mills was suspended. With the continuous decline of cotton prices, the confidence of the cotton textile market continued to decline, and there was a strong pessimistic atmosphere. The textile mills reported that the cotton continued to decline, resulting in a lack of follow-up orders, a decline in the grey cloth market, and an increase in the inventory of finished products of textile enterprises. At present, commodity prices are generally falling, and there is a lack of good news in the market. It is expected that cotton prices may still be weak.

On July 12, the quotation range of 1 × lead ingot in the domestic spot lead market was about 14850-14950 yuan / ton, with an average price of 14900 yuan / ton, up 150 yuan / ton from the previous trading day.

On the night of the 11th, the US dollar rose sharply, the crude oil price fell significantly, and the performance of the metal market last night was mixed. On the whole, it was more vulnerable, and the lead price trend was stronger. Lun lead and Shanghai lead rose more than 1% at night. Shanghai lead continued to rise in the morning, rising 1.52% as of the close. In terms of supply, the recent overhaul of the smelter was completed, the operating rate was increased, and the lead supply was restored. In terms of recycled lead, Anhui, the main production area, is limited, and the recent production is likely to decline, which is good for primary lead. The recent performance of the demand side is still off-season, but with the improvement of car sales, the recent start-up of battery enterprises has increased to a certain extent. Under the pattern of both supply and demand, it is expected that the lead price will be stable, medium and strong in the future.

According to the monitoring of the business community, the domestic market price of phthalic anhydride declined. As of the 11th, the quotation of phthalic anhydride was 8350 yuan / ton. The on-site spot supply was sufficient, and the marketing situation was general.

The domestic market price of phthalic anhydride fell slightly, and the delivery situation in the phthalic anhydride market was general. Recently, the downstream demand changed little, the price trend of upstream orthobenzene fell sharply, the plasticizer market fell sharply, the spot supply of phthalic anhydride in the market was normal, and the market price of phthalic anhydride was affected by the downstream, and the price trend fell. The operating rate of domestic phthalic anhydride manufacturers has not changed much. The operating rate of phthalic anhydride in the market is less than 60%. The domestic spot supply of phthalic anhydride is normal, and the market price trend is mainly falling. The downstream plasticizer industry market is declining, and the actual transaction is normal. The market price of phthalic anhydride in East China has declined, and the high-end transactions on the floor are limited. The mainstream of the adjacent method source negotiation in East China is 8100-8300 yuan / ton, and the mainstream of the naphthalene method source negotiation is 8000-8100 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 8300-8400 yuan / ton. The wait-and-see mentality of phthalic anhydride still exists in the field, and the downstream purchase is mainly on demand. The recent decline in the market of phthalic anhydride is expected to continue to decline in the market price of phthalic anhydride in the later period.

The focus of negotiation in the domestic MIBK market has declined, continued to be in a downturn, and the overall change is limited. The reference value of the East China market is 10800-11000 yuan / ton.

This week, the upstream of domestic MIBK continued to decline, the industrial operating rate remained at about 80%, the supply was sufficient, the social inventory was high, the demand was sluggish and difficult to change, there were still many negative factors for the market, the short-term MIBK market changes were limited, and the short-term market is expected to be dominated by weak operation.

The raw material side continued to decline, the cost support fell, acetone continued to fall, and the market negotiated to 4950-5050 yuan / ton. The raw material side factory also lowered for many times, and the demand side still showed no signs of improvement. The mentality of the shippers was bad, the focus of trading and investment continued to decline, and it was difficult to mention terminal procurement.

Trend chart of average acetone price in East China market

The terminal demand is general, and the downstream orders are dominated by rigid demand. The short-term demand changes are limited. At present, it is difficult to make major changes in costs. The operation enthusiasm of the cargo carriers is general, and the mentality is mainly wait-and-see. Short term weak adjustment operation

According to the bulk commodity list data of business agency, the formaldehyde Market in Shandong fell this week. At the beginning of the week, the average price of formaldehyde in Shandong was 1270.00 yuan / ton, and at the weekend, the average price of formaldehyde in Shandong was 1246.67 yuan / ton, down 1.84%. The current price fell by 1.84% month on month, and the current price fell by 8.16% year-on-year.

formaldehyde

The market price of formaldehyde in Shandong fell this week. From the above figure, we can see that the market fluctuation of formaldehyde in the past two months is not large, and the market fell this week. As of July 7, the mainstream market price in Shandong is 1230-1260 yuan / ton. Recently, the methanol market has fallen, the cost support is poor, the formaldehyde market has fallen under the influence of methanol, and the downstream demand is difficult to improve. It is hard to maintain the rigid demand for procurement. The formaldehyde market is generally traded, and the market has weakened slightly.

Upstream methanol situation: the domestic methanol market fell, the mainland transaction volume again, while the coastal market performed in general. Under the background of stable cost support, replenishment demand and mainland rigid demand, the volume of transactions in the main production areas is large; The terminal receiving price is subject to high inventory and general price performance.

This week, the methanol market was difficult to cope with the pressure and began to decline. The downstream plate factories are generally operating at present, and they are more wait-and-see about the formaldehyde market. The bargaining mood is strong, and the market inventory digestion is poor. In order to ship, the formaldehyde manufacturers reduced their quotations, and the formaldehyde market is weak.

Recently, the domestic methanol market has declined, and the demand of downstream wood panel plants has continued to be poor. Therefore, formaldehyde analysts from the chemical branch of shanghaishe predict that the recent decline in formaldehyde prices in Shandong is mainly weak.