According to statistics, the price trend of hydrofluoric acid in China rose slightly this week. As of the end of the week, the price was 11420 yuan / ton, 0.71% higher than 11340 yuan / ton at the beginning of the week, up 5.17% year on year.

Products: this week, the price trend of hydrofluoric acid slightly increased. Recently, the delivery situation of the manufacturers on the site has improved. Some manufacturers on the site haven’t resumed production for the time being. In addition, the transportation is still limited. The domestic spot supply of hydrofluoric acid is tight, and the purchase demand has increased. The market price of hydrofluoric acid has slightly increased. The price of raw material fluorite has remained high recently, and the market price of hydrofluoric acid has been supported to some extent The price trend of hydrofluoric acid in the south is rising. By the end of the week, the mainstream of hydrofluoric acid negotiation in the south is 11000-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 10500-11500 yuan / ton. In recent years, the price of hydrofluoric acid Market in China has increased. In recent years, the demand of downstream refrigerant industry is general, and the delivery orders of hydrofluoric acid manufacturers have increased. Some manufacturers reflect the recent price increase. By the end of the week, the mainstream of domestic hydrofluoric acid negotiation in Fujian was about 11000-11500 yuan / ton, the price of hydrofluoric acid in Shandong was 11000-11500 yuan / ton, the price of hydrofluoric acid in Jiangxi was 11000-12000 yuan / ton, the price of hydrofluoric acid in Inner Mongolia was 10500-11500 yuan / ton, and the market price trend of hydrofluoric acid increased slightly.

Industry chain: the price of fluorite in the upstream of hydrofluoric acid rose slightly this week. By the end of the week, the factory price of fluorite was 3144.44 yuan / ton. The supply of fluorite in China was tight, and the price of fluorite rose. The rise of upstream cost price had a certain cost support impact on the hydrofluoric acid market. In the near future, some manufacturers still haven’t resumed production. The supply of fluorite in China is very tight, which has a certain impact on the hydrofluoric acid market Cost support. In the near future, the transaction market of downstream refrigerants of the terminal is general. At present, the automobile industry is gradually back to work. The domestic R22 supply is normal. The market price trend of domestic refrigerants R22 is temporarily stable. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises is 16500-18500 yuan / ton. The price trend of domestic R134a market is temporarily stable, and the unit operation rate of production enterprises remains low. At present, the downstream operation is not high, and the demand for R134a is average. At present, the supply of R134a in the market is normal, and the price remains stable, while the downstream purchase is still on demand. The downstream market is average, and the price trend of hydrofluoric acid market is rising.

Industry: this week, the upstream raw materials fluorite and hydrofluoric acid market spot supply is tight, coupled with the downstream refrigerant industry on-demand procurement, hydrofluoric acid market price trend.

In recent years, the operation rate of domestic refrigerant units has increased. For the demand of hydrofluoric acid market, the demand for hydrofluoric acid is on demand. The spot supply of hydrofluoric acid in the field is tight. In addition, the supply of raw materials in the market is limited in the near future, and the cost price is supported to some extent. Chen Ling, an analyst of hydrofluoric acid in the business agency, thinks that the market price of hydrofluoric acid may rise slightly next week.

1、 Price trend

According to the data in the bulk list of business associations, the average ex factory price of domestic caprolactam liquid on February 1 was 11233 yuan / ton, and the average ex factory price of domestic caprolactam liquid on February 29 was 10633 yuan / ton, with the price down 5.34%. So far, the caprolactam commodity index on March 4 is 53.15, which is the same as yesterday, a new low in the cycle, 46.85% lower than the peak of 100.00 on March 2, 2017. (Note: cycle refers to 2017-03-01 till now)

2、 Market analysis

Product: up to now, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. is 9800 yuan / ton, cash is delivered, the manufacturer’s capacity is 300000 tons, and the actual transaction can be discussed. The price of Nanjing Dongfang caprolactam liquid is 11200 yuan / ton, the 400000 ton / year unit is in normal operation, and the caprolactam unit is in normal operation. The price of Baling Hengyi caprolactam liquid is 11150 yuan / ton. The 450000 ton / year unit is normally started and accepted. The price of caprolactam liquid in Baling Petrochemical Company is 11150 yuan / ton, and the 300000 ton / year unit is normally started and accepted. Fujian Tianchen Yaolong caprolactam liquid price 11500 yuan / ton, contract order, 280000 tons / year normal operation of the device. Hubei sanning caprolactam liquid offers 10200 / T. The plant capacity of the manufacturer is 140000 tons / year.

Industrial chain: affected by social public events, crude oil and external pure benzene declined significantly. Domestic: the downstream of pure benzene has low starting load and limited demand; the transportation is relatively limited and the overall trading atmosphere of the market is not active. Caprolactam maintains low load operation, with less demand for solvents, and it is expected that the purchase demand for cyclohexanone is still low. However, the recent delivery of cyclohexanone is not smooth, and the social inventory pressure is too high.

Industry: according to the price monitoring of the business agency, in February 2020, there are 28 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, including 5 kinds of commodities rising by more than 5%, accounting for 5.7% of the number of commodities monitored in the sector; the top three commodities rising are sulfur (10.60%), hydrofluoric acid (8.40%) and fluorite (8.05%). There are 48 kinds of commodities falling on a month on month basis, and 27 kinds of commodities falling by more than 5%, accounting for 31% of the number of commodities monitored in the sector; the top three products falling are butadiene (- 22.76%), propane (- 21.45%) and hydrogen peroxide (- 18.21%). This month’s average rise and fall was – 2.53%.

3、 Future forecast

Caprolactam analysts of the business club think: at present, the market of caprolactam is cold, and the air atmosphere is relatively strong in the market. The demand is not good, and the current inventory is large. Due to the sharp decline of crude oil leading to the decline of raw materials and weak cost support, it is expected that caprolactam market will still fall in March, and it is suggested to pay attention to the change of raw materials.

1、 Price trend

According to the data monitored by the business agency, the domestic PP market in February was relatively weak, and the spot price was mostly reduced. As of Monday, March 2, the main offer price of T30S by domestic producers and traders was about 7016.67 yuan / ton, a decrease of 6.67% compared with the average price at the beginning of February.

2、 Cause analysis

Upstream: according to the data of the business club’s large scale list, the domestic market price of propylene in the upstream of PP has been declining since February, and the overall trend is downward. Among them, the price of propylene in Shandong Province has declined all the way. In addition, social health events have affected many units in the upstream and downstream industries to stop production and repair, and the operating rate is still low. Under the pressure of inventory in some refineries, low-cost shipments have been made. There are few staged transactions in the market, and the market is cold. China’s propylene market bottomed out in May. During the period, the crude oil market changed little in terms of raw materials, but it was raised for several days in a row. The propylene production is relatively small, but the return to work of terminal manufacturers is on the rise, and the logistics and transportation are also recovering, which has a certain effect on alleviating the weak demand for propylene. The market price of propylene is expected to increase in recent days.

Product: in early February, the domestic logistics was not smooth, which led to the increase of PP inventory pressure in petrochemical plants. In terms of demand, although downstream factories began to resume work, there were fewer workers and lower starting load. By the end of February, the domestic logistics was further restored. At present, the sales of low-cost materials were good, and the manufacturers were consuming inventory smoothly. Petrochemical plant inventory pressure has been eased, and the confidence of operators has been boosted. In terms of demand, the downstream factories have resumed work one after another, the factory’s operating rate has increased, and there is a phenomenon of replenishment. Producers and distributors are stable in mind, and it’s OK to go single.

3、 Future forecast

PP analysts of business club think: from the result, the domestic PP spot market in February was generally weak, and the upstream propylene price rebounded to the bottom, which reflected the support of PP cost end until the end of the month. The resistance of Limited Logistics and transportation began to reduce, and the resumption of downstream factories accelerated. The demand has improved, the stock of petrochemical plants has decreased, the operators are on the market, and the orders are stable. It is expected that PP market will fluctuate or go higher in the near future. It is suggested to pay close attention to the market of cost end propylene.

1、 Price trend

The domestic butadiene market is still low this week. According to the monitoring of the business agency, the market price of butadiene in China at the beginning of the week was 6393 yuan / ton, while the market price of butadiene at the end of the week was 6223 yuan / ton, with a decrease of 2.66% in the week, 22.76% in the month on month ratio and 33.41% in the year-on-year ratio.

2、 Analysis of influencing factors

Product: this week, the domestic butadiene market weak finishing, with the north high price offer transaction block, the spot market back to a weak situation. Although some of the downstream terminals resumed work in succession within the week, the actual demand did not improve significantly, and the demand side did not bring a positive boost to the market for the time being, but the domestic spot supply was abundant, and the supply and demand fundamentals still put pressure on the market. In recent years, affected by the expansion of public health events, the continuous decline of bulk commodities has a certain negative impact on the mentality of businesses. In addition, the decline of butadiene market and Sinopec’s supply price continue to decline, which have brought drag on the spot market. In the short term, although the northern lower reaches just need to support the market slightly at the bottom, the market performance is still weak under supply pressure.

In terms of enterprises, Sinopec’s supply price of butadiene in East China continued to decrease by 300 yuan / ton to 6500 yuan / ton; the price of butadiene in Liaotong chemical industry was 5810 yuan / ton, with a slight increase of 100 yuan / ton on a month on month basis; lianhengli’s 140000 ton / year butadiene plant was in normal operation, and some of its products were sold abroad, with a slight increase of 50 yuan / ton on a month on month basis to 5760 yuan / ton; Inner Mongolia Jiutai’s 70000 ton / year butadiene plant was in normal operation, with a quotation of 5800 yuan / ton, Compared with the previous month, the price of CFR China fell 300 yuan / ton; the impact of public health events expanded, and the price of CFR China fell 30 dollars / ton to 750 dollars / ton.

Industrial chain: SBR: this week, domestic SBR sales companies adjusted the mainstream factory price range. This week, the start-up rate of styrene butadiene plant is around 5.60%; Qilu, Yangzi, Jihua, Fushun, Lanhua and Bridgestone styrene butadiene plants are all in normal operation; Shenhua and Weitai styrene butadiene plants continue to reduce the negative operation; at present, the first-line production of solution polymerized styrene butadiene rubber is planned to be scheduled to the end of this month; in addition, Tianjin Lugang, Hangzhou Yibang and Fuxiang chemical styrene butadiene rubber plants continue to stop Vehicle.

Cis-1,4-polybutadiene rubber: in this cycle, the ex factory price of high cis-1,4-polybutadiene rubber of the mainstream domestic sales companies has risen and fallen with each other. This week, the operating rate of domestic high cis-1,4-polybutadiene rubber plant has slightly increased to around 6.0%. With the logistics, warehouse, etc. returning to normal operation in succession, Yangtze, Qilu and other cis-4-polybutadiene units have returned to normal operation, and the overall operating rate of cis-4-polybutadiene has slightly increased compared with the previous cycle.

3、 Future forecast

On the positive side, the start-up of synthetic rubber is acceptable, and there is a certain amount of rigid demand in the north and downstream. On the negative side, there was no price difference between the north and the south, the circulation of goods was blocked, public health events affected the decline of external and bulk commodities, and the domestic spot supply was under pressure. In short term, the price difference between butadiene and synthetic rubber is obvious, and the overall commencement of rubber industry is acceptable. In addition, the rubber latex industry has been resumed in succession, and the downstream demand has brought a certain bottom support to butadiene market. However, the macro news and external market performance is short, and the domestic butadiene spot supply is still under pressure. The high upstream and downstream inventory results in slow digestion process, which makes it difficult for the supply and demand fundamentals of butadiene to show a significant positive boost. The butadiene analysts of the business club predict that the short-term domestic butadiene market will maintain a downward trend, and it is recommended to pay attention to the internal and external news guidance.

1、 Price trend

According to the data monitoring of business agency, the price of plasticizer DOP fell in February, and the market of DOP was weak. As of February 29, the price of DOP in East China was 7233.33 yuan / ton, down 0.91% compared with 7300.00 yuan / ton at the beginning of the month, and down 13.20% compared with the same period last year.

2、 Market analysis

According to the survey of data analysts, more than 80% of plasticizer enterprises started production in February, but affected by the epidemic situation, there were more low load operations, and the output was lower than that of previous years; however, affected by logistics, it was difficult for DOP to ship, the market was basically closed, the plasticizer market was priced or not, and DOP enterprises had serious inventory backlog.

In February, the operation of domestic phthalic anhydride plant was gradually restored, the spot supply of phthalic anhydride was normal, and the market price of phthalic anhydride fell sharply. On the DOP market negative, DOP fell under greater pressure.

In February, the octanol market fell, and octanol enterprises started to recover. However, affected by the transportation, the octanol transaction was low, and it was difficult for manufacturers to ship. Octanol prices fell, DOP costs fell, on the DOP market negative. The downward pressure of DOP is high.

3、 Future forecast

According to Bai Jiaxin, data analyst of DOP of business agency, in February, the price of plasticizer DOP raw materials fell sharply, the cost of DOP fell, and the pressure of DOP fell was great; DOP enterprises gradually resumed construction, but the operating rate decreased compared with previous years, and the supply of DOP decreased compared with previous years, but the logistics and transportation limited enterprises had difficulty in shipping, and DOP enterprises had serious inventory overstock. For the future market, downstream enterprises gradually resume construction, and DOP demand slowly picks up, but in the short term, DOP prices are difficult to pick up in order to deal with inventory. In the short term, DOP market fluctuates and falls.