According to the monitoring of the business community, the average market price in North China was 1536.67 yuan / ton on May 1, and 1596.67 yuan / ton on May 12, with a price increase of 3.9%. Coking coal price is relatively strong in the near future.

On May 11, the coking coal commodity index was 117.84, unchanged from yesterday, down 3.04% from 121.53 (March 12, 2019), the highest point in the cycle, and up 162.39% from 44.91, the lowest point on January 28, 2016（ Note: period refers to the period from September 1, 2012 to now).

According to the business news agency, on the one hand, due to the impact of environmental protection inspection, domestic coal enterprises are limited in production; on the other hand, external Australian coal imports are expected to shrink, and the overall supply of coking coal is still tight. Some data show that the total inventory of coking coal mines decreased by 6.49% on a week to month basis. Traders have the psychology of price sparing, and the overall market is hot.

Demand: on May 11, the sixth round of increase of coking enterprises was basically implemented, with an increase of 120 yuan / ton for dry quenching and 100 yuan / ton for wet quenching. According to the price monitoring of business association, the price of grade II metallurgical coke in Shanxi is 2480 yuan / ton. However, the overall supply is still tight and the inventory in the plant is low. The downstream steel plants have higher profits in the near future, higher operation rate, better demand for coke, lower inventory of coke in the plant, and obvious demand for replenishment. At present, the overall market is relatively strong and the coke supply is relatively tight. Because the profit of coke enterprises is good, the enthusiasm of coke enterprises to start is high, there is still a demand for coking coal, and coking coal has a demand side support.

According to the coking coal analysts of business society, the overall supply of coking coal is relatively tight due to the impact of environmental protection inspection. In terms of downstream coke: the downstream coke enterprises have raised the coke price for the sixth round, the coke enterprises are more active in starting, the coke price is stable and running better, there is a demand for coking coal to supplement the storage, and the coking coal is supported by the demand side. Generally speaking, the short-term coking coal operation is relatively strong, and the downstream market demand is specific.

According to the price monitoring data of business agency, as of May 8, the average price reference price of the mainstream area of domestic n-propanol packaging was near 9333 yuan / T, and the average price decreased by 100 yuan / T, down 1.07% compared with the price on May 1; Compared with April 1, the average price was down 1900 yuan / ton, down 17.07%.

After the festival, high-end prices declined slightly, and the overall market of n-propanol was stable and small

Affected by demand and market factors, in April, the domestic n-propanol market experienced a sharp decline. After labor Festival, the domestic n-propanol market was mainly stable. On the following 8 days, the market market was slightly shaken. The higher quoted companies in Shandong made a small reduction in the price of n-propanol bulk water, with a decrease of 100-300 yuan / ton, Most of them are adjusted to adapt to the market. The downstream demand has not changed much after adjustment, and the procurement on demand is the main. As of the 10th, the factory price of n-propanol in Nanjing is 8000-8500 yuan / ton (bulk water), the factory price of n-propanol bulk water in Shandong Province is 8300-8800 yuan / ton (bulk water), the low-end price is 8100 yuan / ton (bulk water), and the price of package is 9200-9700 yuan / ton (including package). At present, the domestic market trend of n-propanol can be said to be “big stability and small movement”, and the whole is in the state of consolidation operation.

Upstream, after labor Festival, ethylene external market overall stable, small and medium-sized shocks down. On May 7, the Asian ethylene market was quoted at US $1102-1110 / ton in Northeast Asia and 1047-1055 USD / ton in Southeast Asia. On May 7, the European ethylene market, FD northwest Europe quoted us $1256-1270 / ton, up $1 / T, CIF northwest Europe quoted us $1273-1284 / T, up 74 USD / T. On May 7, the U.

Stable operation of potential after supply and demand balance of n-propanol

After the labor Festival, except for the small range adjustment of prices by some dealers in Shandong Province, some manufacturers in Nanjing, Jiangsu Province have normal inventory and the supply-demand relationship remains relatively balanced. Therefore, the analysts of n-propanol in the business society believe that the price adjustment after the positive propanol market is limited, and the overall stable operation is not excluded, and the narrow fluctuation of the market is not excluded, More attention should be paid to the cost of raw materials and supply of goods in the later period.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of the business agency, after the May Day holiday, the domestic price of sodium pyrosulfite was slightly stronger. The average price of industrial grade sodium pyrosulfite was 1783.33 yuan / ton at the beginning of the week and 1800.00 yuan / ton at the end of the week, a slight increase of 0.93%.

2、 Market analysis

This week, the overall market performance of sodium pyrosulfite is acceptable. The market price range of industrial grade sodium pyrosulfite is 1700-1950 yuan / ton, and most of the prices are around 1800-1850 yuan / ton. The production of the enterprise is stable, the inventory is maintained at about 30%, the enterprise mainly completes the orders of old customers, and the increase of new orders is limited. This week, some enterprises slightly increased the ex factory price of sodium pyrosulfite supported by tight supply, driving the domestic market price of sodium pyrosulfite slightly stronger（ The above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within their scope. The prices are for reference only, and have nothing to do with the final pricing of manufacturers. For details, please contact each manufacturer for consultation).

After May Day, the domestic soda price rose again by 0.57%, the sulfur price remained stable as a whole, and the high raw material cost became stronger, which will further support the future market price of sodium pyrosulfite.

3、 Future forecast

Analysts of business news agency believe that the cost of upstream raw materials is getting stronger again, and the supply in some areas is tight. It is expected that the domestic market price of sodium pyrosulfite will continue to be stable and strong in the short term.

The domestic butadiene market fell in April. According to the sample data monitored by the business society, the domestic butadiene market price at the beginning of the month was 7415/ T, and the domestic butadiene market price was 6787 yuan / T at the end of the month, with a drop of 8.47% in the month, and the price rose 74.49% year on year.

In April, the domestic butadiene market was mainly in a volatile downward trend. The shutdown and maintenance of Fushun Petrochemical plant has boosted the expectation of supply and demand in the residential area to improve, but it is still difficult to pull the butadiene market. Sinopec and some suppliers have slightly increased prices, and some units are stopped in the month. The starting rate of butadiene was once lower than 60%, but the market inventory digestion is slow, the supply is under pressure. The circulation link is abundant and there are low price transactions, which drag the butadiene market to a weak downward trend after a short-term shock.

In terms of enterprises, the price of butadiene in East China of Sinopec has been down by 400 yuan / ton on a month-on-month basis, and 6900 yuan / ton has been implemented as of April 30; Yantai Wanhua 50000 T / a butadiene extraction unit is in normal operation and the source of goods is sold abroad normally. As of April 29, the price is 7200 yuan / ton; Shenhua ningcoal 64000 tons / year butadiene plant is stable in operation, and some of the goods are exported. As of April 30, the price is 6580 yuan / ton.

External offer: as of May 6, the price of Asian butadiene external market was stable: FOB South Korea closed at USD 935-945 / T; CFR China closed at $945-955 / T. Adjustment of external market price of butadiene in Europe: FOB Rotterdam closed at US $1145-1155 / T, up $25 / T; FD NW closed at 880-890 euro / T, stable

region ., Country, closing price, rise and fall

Asia FOB Korea $935-945 / T US $0 / T

Asia CFR China 945-955 USD / T US $0 / T

Europe FOB Rotterdam US $1145-1155 / T $25 / T

Europe FD northwest Europe 880-890 euro / ton 0 euro / ton

On the positive side, the strong external market boosted domestic supply exports in May, and the short-term butadiene industry start-up rate declined, and inventory removal was promoted. On the aspect of profit and air, the circulation link has high inventory, and some units return to affect the commencement rate, and the downstream rubber market is weak and the inventory is under pressure, and the new capacity is expected to be put into operation. Business agency butadiene analysts expect that the domestic butadiene market will be sorted out in the short term.

1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

On May 6, the domestic industrial grade 85% formic acid market rose. According to the data of the business club’s block list, as of May 6, the average quotation price of formic acid enterprises was 2466.67 yuan / ton, up 1.37% compared with the price before the festival, and down 17.32% compared with April 6. After the festival, the enthusiasm of downstream procurement has been improved, the market trading atmosphere is better, and the focus of formic acid market negotiation has moved up.

According to the data monitoring of the business agency, the price of formic acid of some enterprises is summarized (for reference only, the spot price of the merchants is in line with the market, and the actual transaction price of different brands, different specifications and products is mainly negotiated.)

enterprise market price Specifications date

Zhangzhou San’an Chemical Co., Ltd 2400 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06

Liaocheng transportation group Hongmao Materials Co., Ltd 2350 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06

Jinan jinrihe Chemical Co., Ltd 2300 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06

Jintan local industrial supply and Marketing Co., Ltd 2600 yuan / ton Application grade: industrial grade; Content: ≥ 85.0%; Grade: superior 2021-05-06

For upstream caustic soda, on May 6, the price of caustic soda in Shandong remained weak. At present, the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The enterprise’s shipment is tepid, and the downstream receiving situation is weak and stable. There is a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future; On May 6, the market of liquid ammonia in Shandong Province was slightly loose; On May 6, the market of sulfuric acid in Shandong Province was temporarily stable. The market of sulfur in the upper reaches was recently consolidated at a high level, and the cost support was good. However, the purchasing enthusiasm in the lower reaches was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid rose slightly in the future; Upstream methanol, May 6, Anhui methanol market higher.

3、 Future forecast

Business community formic acid analysts believe that after the festival, there is a demand for replenishment in the downstream, which is more active in entering the market. Manufacturers can ship smoothly and support the market. It is expected that the formic acid market will be stable, medium and strong in the short term. More attention should be paid to the changes in raw material prices and market information guidance.