1、 Price trend:

According to the data monitoring of the business agency, the quotation of Sinopec orthobenzene contract was stable this week, while that of orthobenzene was stable this week. As of April 17, the contract price of o-xylene Sinopec was 4200.00 yuan / ton, up 400 yuan / ton or 10.53% compared with 3800.00 yuan / ton at the beginning of the week. The price is 37.31% lower than that of the same period last year. The market of orthobenzene has recovered.

2、 Market analysis:

After a period of bottoming rebound, the price of mixed xylene stabilized this week. As a whole, the price of raw materials of o-xylene rose this week, the cost of o-xylene rose, the momentum of o-xylene rising was great, which was good for the market of o-xylene. However, the price of mixed xylene tends to be stable, and the increase of o-benzene weakens.

Since April, the market of phthalic anhydride has recovered, and after 14 days, the price of phthalic anhydride began to rebound in retaliation. However, in terms of market demand, the phthalic anhydride market is stagnant, the downstream demand has not seen explosive growth, and the increase of ortho benzene market is limited.

3、 Future forecast:

According to Bai Jiaxin, data analyst of o-xylene of the business association, the domestic market has started gradually, the domestic demand has grown steadily, and the demand for o-xylene has picked up. However, due to the retaliatory rebound of phthalic anhydride price, the growth rate is too fast, which has certain harm to the rising of the market of ortho benzene in the future, and the driving force of the rising of ortho benzene in the future is insufficient. It is expected that the market of orthobenzene in the future will be mainly stable.

According to statistics, the price of phthalic anhydride in China continues to rise. As of April 16, the price of phthalic anhydride from o-phthalic method was 5100 yuan / ton. In recent years, the price of phthalic anhydride in China has increased substantially, the demand of plasticizer industry is normal, and the market of phthalic anhydride has gradually increased.

In recent years, the market price of phthalic anhydride in China has continued to rise. At the beginning of April, the market price of phthalic anhydride hit a record low, but at the later stage, the market price of phthalic anhydride rebounded and rose. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is better than before, the delivery market of phthalic anhydride manufacturers is better, and the market price of phthalic anhydride is rising. By the end of 14 days, the market price of phthalic anhydride in East China had risen, but the high-end transactions in the market had been blocked. The main flow of negotiation of neighboring France’s source of goods in East China was 4700-5400 yuan / ton, and that of naphthalene’s source of goods was 4300-4600 yuan / ton. The main flow of quotation in the phthalic anhydride market in North China was 4700-5100 yuan / ton, and the wait-and-see mentality of phthalic anhydride in the market was still there, the market was improved, and the price of phthalic anhydride rose sharply.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec rose to 4200 yuan / ton. The market trend of imported phthalic anhydride in port area is stable, and the price is temporarily stable. In the near future, the price of phthalic acid in port area is general, and the price of phthalic acid external market declines. The actual transaction price is subject to negotiation, and the detailed discussion shows that the operation of phthalic anhydride equipment is basically normal, the supply of phthalic acid is stable, and the price of phthalic acid upstream raw material is affected by the rise of phthalic acid price The market price of anhydrides continued to rise.

The prices of phthalic anhydride, isooctanol, DOP raw materials and DOP enterprises in the lower reaches of DOP increased. DOP enterprises operated at low load and DOP manufacturers had more stocks. The price of DOP rose, the equipment of PVC enterprises started to operate at a low level, and the enthusiasm of customers’ procurement recovered. The price of plasticizer is rising, the market price of DOP is about 7100-7400 yuan / ton, the transaction of market plasticizer is picking up, the price trend of upstream ox is rising, and it is expected that the market price of phthalic anhydride will continue to rise in the later period.

1、 Price trend

According to a large amount of data monitoring from the business agency, the domestic ethyl acetate Market has been rising steadily in the near future. As of April 15, the ex factory price of ethyl acetate of East China enterprises was about 5175 yuan / ton, 4.02% higher than that at the beginning of April.

2、 Cause analysis

Product: due to the influence of the price rise of raw materials acetic acid and ethanol on the cost support of ethyl acetate, the price of domestic ethyl acetate keeps rising, the downstream market is active in buying intention, the quotation of enterprises in East China and North China is pushed up, and some enterprises continue to raise the quotation in a single day. Affected by the slow arrival of ships in South China, the market supply is tight, and the price continues to rise. At present, the price in East China is about 5150-5200 yuan / ton, in North China 4950-5150 yuan / ton, and in South China 5300-5400 yuan / ton

Industry chain: in the upstream, the stock of acetic acid market has been reduced to a low level after long-term low-cost shipment. In addition to the news of centralized maintenance of enterprises, the price of acetic acid has recovered, and the market trading has been gradually active. The ethanol market has continued to rise, with less arrival in some regions and higher production costs. The current quotation in East China is about 5262 yuan / ton.

International: the international ethyl acetate market fluctuated and adjusted, with European ports at about 1000 US dollars / ton and North American ports at about 570 US dollars / ton.

3、 Future forecast

According to the ethyl acetate analyst of the business association, at present, the cost of ethyl acetate is well supported. Some enterprises’ maintenance and parking lead to a slight decline in the spot supply. There is a certain speculation in the market. Although the downstream market is more active in recent buying, the market demand is still not fully recovered. It is expected that the price of ethyl acetate will rise in a short time.

1、 Price data

According to the price monitoring of the business agency, the price of gasoline and diesel oil rose and fell mutually this week, with overall stability. The price of domestic gasoline was 4994 yuan / ton, 0.17% lower than that of last week; the price of domestic diesel oil was 5139 yuan / ton, 1.06% lower than that of last week.

2、 Analysis of influencing factors

Product: crude oil futures fell this week, and the operating rate of domestic refining and chemical equipment rose gradually in the near future. The market price of refined oil is weak in action, and the market price of refined oil is stable this week.

Industry chain: on April 9, the OPEC + special meeting came to an end. Its production reduction amount was lower than the market expectation. The market generally didn’t buy the result, and was boosted by the news of production reduction earlier. The market has digested the benefit ahead of time. From the perspective of demand, at present, the global epidemic is still in the stage of rapid spread. Market experts generally believe that it may last for a long time in the later period. Some institutions predict that the decline of crude oil demand in April will exceed 20 million barrels / day, or even 30 million barrels. As of 15:00 on the 10th, WTI crude oil price was at $23.5/barrel, and WTI crude oil futures fell 10.11% this week.

Market: on the demand side, on the gasoline side, during the Qingming holiday, the number of driving trips by residents increased, and the downstream consumption of gasoline was strong, which to some extent supported the wholesale gasoline market. Traders and downstream customers take more goods after the festival. In terms of diesel, engineering, infrastructure, logistics and other industries continue to provide rigid demand support. After the Qingming Festival, traders and downstream customers replenish more goods, and the overall market turnover is acceptable. However, in the near future, the operating rate of refinery atmospheric and vacuum distillation was 67.18%, up 4.54% month on month, and the international crude oil price fell by more than 10%. This week, the market price of refined oil remained stable.

3、 Future forecast

Lu Xingjun, an analyst of refined oil products of business association, believes that: the output reduction of OPEC + meeting is not as strong as expected, and the demand for crude oil is expected to fall sharply, so the crude oil market has no power to act, which is subject to the low price of crude oil. It is expected that the market price of refined oil will be stable in the near future, with little possibility of rising.

As of April 10, the weekly average price of domestic industrial grade purified water formic acid was 2300 yuan / ton, down 2.13%, according to the data of business agency. The overall weakness of formic acid market fell this week.

2、 Market analysis

Product: this week, the domestic industrial grade 85% purified water formic acid market was generally weak and stable, with the overall price down 2.13%. In terms of equipment: the manufacturer’s equipment is basically in normal operation, and the delivery is acceptable. This week, the supply of formic acid market continued to last week, and the enterprise’s inventory is acceptable. In terms of price: this week, the company’s quotation is basically around 2300 yuan / ton, the main factory price of formic acid is about 1850-2400 yuan / ton, and the main dealers’ quotation is 2600-3200 yuan / ton. Last week, due to the supply and demand of some manufacturers and equipment problems, the price was raised. This week, due to the moderation of supply and demand, the price dropped. As of Friday (April 10), Hangzhou Fengchang Trade Co., Ltd. has offered 2900 yuan / ton; Zibo Pulis Chemical Co., Ltd. 1850 yuan / ton; Jinzhou jinhongda Chemical Co., Ltd. 4200 yuan / ton; Zhangzhou San’an Chemical Co., Ltd. 2000 yuan / ton.

Industrial chain: the price of liquid ammonia, the upstream product of formic acid, has been running steadily in many places, and the terminal has gradually replenished to support the current stable price. The domestic caustic soda market is now down. The upstream products generally support the formic acid market, while the demand for leather and pesticide industries of the downstream products does not increase significantly, and there is not much trading.

3、 Future forecast

According to the formic acid data division of business association, at present, the overall weakness of domestic industrial grade 85% formic acid market tends to be stable, enterprises generally maintain stability and wait and see, part of the quotation is reduced, the market supply is acceptable, and the downstream demand is deficient. It is expected that the domestic industrial grade 85% formic acid market will be consolidated in the short term.