Trend Chart of Average Acetone Price in National Mainstream Market

Under the influence of the expected typhoon in East China, some related products rose well, especially phenol, which was hard to find. The East China market of acetone also took the lead in pushing up. In the morning, the holders of the East China acetone market pushed up 100 yuan/ton. Although the trading was limited, the atmosphere of the on-site negotiation was still good. In other regions, due to the influence of East China, acetone also rose in a narrow range. On the whole, the closing in the morning was very few, which was less than expected. It is expected that the market offer will be firm in the afternoon.

The offer of acetone in major mainstream markets in China is as follows:

Region, quotation, weekly rise and fall

East China., 5250., 100

Shandong Province., 5450., 50

Yanshan Prefecture., 5500., 50

South China., 5400., 0

Recent trend of urea price

It can be seen from the above figure that the domestic urea market price rose slightly this week. The urea price rose from 2400.00 yuan / ton at the end of last week to 2525.00 yuan / ton at the end of this week, an increase of 5.21%, and a year-on-year increase of 1.00%. On September 12, the urea commodity index was 117.44, which was the same as yesterday, down 22.90% from 152.33 points (May 15, 2022), the highest point in the cycle, and up 111.22% from 55.60 points, the lowest point on August 17, 2016. (Note: Period refers to 2011-09-01 to now)

Increased cost support, better downstream demand and increased urea supply

From the manufacturer’s quotation, the mainstream factory price of domestic urea rose slightly this week. Zhangzhou San’an urea quoted 2680 yuan/ton this weekend, up 80 yuan/ton compared with last weekend; Shandong Ruixing urea quoted 2490 yuan / ton this weekend, up 130 yuan / ton compared with last weekend; Hualu Hengsheng urea quoted 2495 yuan/ton this weekend, up 135 yuan/ton compared with last weekend;

From the upstream and downstream industrial chain data, the upstream market of urea has increased slightly this week as a whole: the price of liquefied natural gas has decreased slightly, from 5994.00 yuan / ton at the beginning of the week to 5930.00 yuan / ton at the end of this week, a decrease of 1.07%, a year-on-year increase of 2.42%; The price of anthracite rose slightly. By the end of September 13, the price of anthracite had risen by 180-250 yuan/ton compared with the beginning of September. Upstream raw materials had risen significantly, providing sufficient support for urea prices. This week, the price of melamine in the downstream of urea rose slightly, from 7933.33 yuan / ton at the end of last week to 8266.67 yuan / ton at the end of this week, a decrease of 4.20%.

In terms of demand, agricultural demand is small and industrial demand is gradually expanding. Rubber sheet factory enterprises start at a low level, and just need to purchase; The shipment of compound fertilizer plant is good, and it has been started to improve. The price of melamine rose slightly, and the enthusiasm for urea procurement was good. From the perspective of supply: environmental protection and production restriction in Shanxi Province, plant maintenance in northwest China, and urea production reduction are expected. Internationally: on September 9, the printed label landed, and a total of 2.251 million tons were received. The lowest price of the west coast is 668.15 US dollars / ton CFR, and the lowest price of the east coast is 675.25 US dollars / ton CFR.

Urea price or small increase

In mid September, the domestic urea market may rise slightly. Urea analysts of business club believe that the prices of anthracite and liquefied natural gas in the upstream of urea have increased slightly, and the cost of urea has increased. The downstream agricultural demand is general, while the industrial demand increases. The daily output of urea is expected to decline, which is stimulated by the stamp. The recent urea or narrow range shock rise is the main one.

On the last trading day, phenol offers in various markets nationwide were as follows:

Region, quotation, rise and fall

East China, 9950, 300

Shandong, 9980, 330

Yanshan surrounding area, 9950, 300

South China, 10000, 300

Yesterday, Sinopec East China phenol quotation increased by 200 yuan / ton to 9800 yuan / ton, and Sinopec North China phenol quotation increased by 250 yuan / ton to 9800-9900 yuan / ton. The domestic phenol market continued to rise, and the growth rate was fast, driven by the positive factors of the factory’s price adjustment. As shown in the above table, the major mainstream markets also rose one after another, terminal inquiries increased, actual orders in the market were poor, and the overall acceptance of high prices was limited. In the near future, the supply side is tight, the low price intention of the cargo carriers is not great, and the terminal pays attention to the follow-up situation of the terminal. It is expected that the domestic phenol market will be strong. The reference value of the phenol Market in East China is 9950-10000 yuan / ton.

On September 5, the price of o-benzene rose

It can be seen from the price trend chart of o-benzene in business club that the price of o-benzene rose on September 5. As of September 5, the price of o-benzene was 8600 yuan / ton, an increase of 300 yuan / ton or 3.61% compared with 8300 yuan / ton on September 2, the previous trading day, and a year-on-year increase of 34.38%. On September 4, the ox commodity index was 70.85, which was the same as yesterday, down 29.15% from the highest point 100.00 in the cycle (2013-03-07), and up 118.40% from the lowest point 32.44 on April 13, 2020. (Note: the period refers to February 1, 2013 to now).

Key points of the market

Recently, the price of crude oil fluctuated and fell, the price of mixed xylene fluctuated and rose, and the cost of o-xylene rose; The price of phthalic anhydride stabilized after a sharp rise, and the demand for o-benzene recovered. The rising costs and demand have warmed up, and the external price of o-benzene has fluctuated and risen, which is still a great downward pressure on the domestic o-benzene market.

Future outlook

The cost rise slowed down, the demand stabilized, the positive effect of orthobenzene weakened, and the downward pressure remained. The orthobenzene market stabilized in the future.

This week, the trend of domestic propane market is strong, and the price focus of propane in Shandong market is moving upward. According to the data monitoring of business agency, the average price of propane Market in Shandong was 5830.75 yuan / ton on August 29 and 5963.25 yuan / ton on September 2, with a weekly increase of 2.27%, up 19.55% compared with the same period last year.

As of September 2, the mainstream prices of propane in different regions in China are as follows:

Region., September 2nd

Central China., 6000-6200 yuan / ton

North China., 5900-6000 yuan / ton

Shandong region., 5900-6100 yuan / ton

Northeast China., 5900-6050 yuan / ton

This week, the trend of domestic propane market is strong. Shandong propane market rose first and then fell, and the center of gravity has moved upward. In the early part of the week, driven by the rise of international crude oil, the ex factory price of propane rose one after another, and the average price broke through the 6000 yuan / ton barrier on the 31st. Downstream buyers are more active in entering the market under the rising mentality, manufacturers’ shipments are smooth, and inventories are reduced. However, in the later period, the international crude oil weakened one after another, and the cost support was insufficient. In addition, with the end of replenishment, downstream companies withdrew from the market one after another to wait and see. The propane Market lacked the power to continue to rise, and the price fell at the weekend.

Saudi Aramco’s CP announced in September 2022 that propane and butane both fell. Propane was US $650 / T, down US $20 / T from the previous month; Butane was US $630 / T, down US $30 / T from last month.

At present, the international crude oil trend is weak, and the support brought by the cost side is insufficient. After the replenishment in the downstream, most of them withdraw from the market to wait and see, and the market trading atmosphere is general. However, there is no pressure on the supply side of Shandong market at present, and most of the upstream inventory is under control. In terms of demand, it will take some time to improve. It is expected that the propane market will mainly fluctuate in a narrow range in the short term.