Market price of domestic main hydrobenzene market on May 19 (unit: yuan / ton)

Market, Price on May 19

East China, 9100~9200

Shandong Province, 8800~8900

On May 17, international crude oil futures closed down. The settlement price of the main contract of WTI crude oil futures in the United States was US $112.40/barrel, down US $1.80 or 1.6%; The settlement price of the main contract of Brent crude oil futures was US $111.93/barrel, down US $2.31 or 2.0%. Oil prices closed lower for the first time after four consecutive rises, mainly due to the hawkish remarks of Federal Reserve Chairman Powell and the expectation of substantial interest rate hike. In addition, there was news that the United States would relax restrictions on oil producing Venezuela, and oil prices fell.

Recently, the overall price of crude oil has risen, and the price of pure benzene in Asia has continued to rise, driving the price of domestic pure benzene to rise. The low inventory of ports in East China has once again boosted the market mentality, and the short-term bullish mentality has not decreased. At present, the price of domestic pure benzene is 8850-9250 yuan / ton.

On May 18, the average price of 1# tin ingots in the spot tin market in East China was 288110 yuan / ton, down 2.7% from the previous trading day.

In terms of fundamentals, affected by the improvement of the import situation at the mine end, the operation of domestic refineries is basically normal, the domestic output has rebounded to a certain extent, and the supply has rebounded. In the downstream, the production in the Yangtze River Delta is still weak recently, the demand for tin ingots is suspended, and the purchase enthusiasm is low. It is expected that the tin price will continue to maintain a weak and volatile trend in the future

The latest p-value price of ethylene glycol on May 17 was 5008.33 yuan / ton, unchanged from the previous trading day. Up 0.7% year on year.

Hungary insisted on signing the Russian oil embargo and tightening global supply. Investors took profits in the recent rebound, and oil prices fell slightly on Tuesday. Today, Meg’s external market fluctuated in a narrow range, and the negotiated price of cargo recently was around us $620 / ton. At present, the economy of ethylene glycol is poor, the operating rate has declined slightly, the cogeneration unit is mainly converted to EO, the supply side is stable as a whole, the operation of polyester in the downstream has not increased significantly, and the demand has not improved substantially. In terms of inventory, as of May 16, the total inventory of ethylene glycol in the main ports of East China was 1151100 tons, a decrease of 2100 tons or 0.18% compared with last Monday and 10500 tons or 0.9% compared with last Thursday.

Forecast: low range shock.

According to the monitoring of business agency, the price of dichloromethane bulk water in Shandong was 4262 yuan / ton on the 16th, down 2.29% from the previous day. The market offer was lowered. On the one hand, the commencement of dichloromethane in Shandong is higher than that in the early stage. In addition, the new unit is expected to be put into operation in mid May, and the supply side is expected to continue to be loose. On the one hand, the downstream demand is weak, on the other hand, the downstream demand is weak. The impact of supply and demand on the formation of partial space of dichloromethane.

The producer price of raw methanol has decreased slightly since May, but with the rise of the international energy market, methanol is expected to rise in the later stage, and the cost side is still supported.

Future forecast: Although the cost side is expected to rise, the supply is loose and the demand is weak. It is expected that the dichloromethane market will continue to be weak in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1820 yuan / ton on May 9 and 1853 yuan / ton on May 13. The price of ammonium sulfate increased by 1.83% this week.

2、 Market analysis

Ammonium sulfate inquiry increased this week, and the price rose steadily. At present, the trading atmosphere on the floor is strong and the transaction is good. The mentality of the industry is more optimistic, and manufacturers and dealers gradually push up. Urea continued to rise to a high level, which was good for the market of ammonium sulfate. This week, the bidding price of coking grade ammonium sulfate enterprises increased slightly, and the price of domestic grade ammonium sulfate was strong and volatile. As of May 13, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1800 yuan / ton. Hexene grade ammonium sulfate, the mainstream factory quotation in Shandong is 1880-1950 yuan / ton.

The high level of the downstream compound fertilizer market this week was strong, and the bullish atmosphere remained unchanged. Due to the rise of urea and monoammonium phosphate as raw materials of compound fertilizer and the increase of cost pressure, most compound fertilizer enterprises sell at high prices, and some enterprises suspend quotation. The rising price of urea has led to an increase in the demand for ammonium sulfate.

3、 Future forecast

The ammonium sulfate analyst of business society believes that the current ammonium sulfate Market is good, some goods are in short supply, and the downstream procurement is active. Urea remains at a high level, which is favorable for the market of ammonium sulfate. It is expected that the price of ammonium sulfate will rise steadily in the short term.