After a sharp rise in February, the domestic aggregate MDI market has been going down since March. So far, the domestic aggregate MDI market has been in a downturn, with traders offering more and lower prices. As the end of the month approaches, mainstream manufacturers are mainly waiting to list prices next month. According to the sample data monitored by the business community, as of April 6, the domestic aggregate MDI market price was 19925 yuan / ton, with a month on month decrease of 19.56% and a year-on-year increase of 69.38%.

As of April 26, domestic aggregate MDI market summary:

Region, Wanhua goods, Shanghai goods

North China and Shandong About 19200-19300 yuan / ton About 18800-19000 yuan / ton

East China About 19300-19400 yuan / ton 18800-19000 yuan / ton

East China About 19300-19400 yuan / ton 18800-19000 yuan / ton

As of April 26, domestic aggregate MDI traders market summary:

enterprise ., Model, price

Linyi Jiashi International Trade Co., Ltd Wanhua materials 18600 yuan / ton

Linyi Jiashi International Trade Co., Ltd Shanghai Materials 18600 yuan / ton

Nanjing Tanqing Trading Co., Ltd Various models 19500 yuan / ton

Guangzhou Boshun Chemical Co., Ltd Wanhua materials 19500 yuan / ton

Guangzhou Boshun Chemical Co., Ltd Shanghai Materials 19500 yuan / ton

Shandong Bosu New Material Co., Ltd Wanhua materials 19300 yuan / ton

Shandong Bosu New Material Co., Ltd Shanghai Materials 19300 yuan / ton

The main reason for the current market downturn is still poor demand and lack of motivation. Domestic aggregate MDI market prices fell slightly. There are some low price sources in the market, which pull down the market price as a whole. The maintenance plan of Lianheng phase II unit in May has a certain boosting effect on the market, but the downstream demand expectation is not optimistic, and the short-term market is in a dilemma. Near the end of the month, we should wait for the monthly closing instructions of the factory.

In terms of enterprises, the guiding price of MDI for distributors is 22000 yuan / ton, which is stable on a month on month basis and is not assessed. Shanghai Lianheng MDI phase II unit is scheduled to be shut down for maintenance in mid May for about 32 days, and is expected to resume production on June 16. Yantai Wanhua polymerization MDI tight volume, this month to stop receiving orders.

In the future, business community aggregation MDI analysts expect that the domestic aggregation MDI market is mainly in the doldrums.

rice trend

According to the data monitoring of business news agency, after the price of o-benzene rose last week, the price of o-benzene rose again this week. As of April 25, Sinopec’s price of o-xylene was 5900.00 yuan / ton, up 5.36% from 5600 yuan / ton last weekend (April 18); The price of o-benzene increased by 9.26% to 5400 yuan / ton at the beginning of the month (April 1).

Upstream market of industrial chain

From the price trend chart of mixed xylene, it can be seen that the price of mixed xylene fluctuated and increased by 6% in April. This week, the price of mixed xylene stabilized and increased by less than 1%. The price of mixed xylene tends to be stable at a high level, and the cost pressure of o-xylene still exists, but the rising power of o-xylene price is weakened, and the o-xylene price is expected to be stable in the future.

O-xylene external price rise

Trade name Quotation type Port Price date

O-xylene FOB US Gulf USD 904.05/t 2021-04-23

O-xylene CFR China 795.00 USD / T 2021-04-23

O-xylene CFR Southeast Asia 790.00 USD / T 2021-04-23

O-xylene FOB the republic of korea US $835.00/t 2021-04-23

O-xylene FOB Amsterdam, Rotterdam and Antwerp US $920.00/t 2021-04-23

O-xylene FOB US Gulf USD 904.05/t 2021-04-16

O-xylene CFR China US $785.00/t 2021-04-16

O-xylene CFR Southeast Asia US $785.00/t 2021-04-16

O-xylene FOB the republic of korea US $835.00/t 2021-04-16

O-xylene FOB Amsterdam, Rotterdam and Antwerp US $930.00/t 2021-04-16

It can be seen from the external quotation trend that the external price of o-xylene rose slightly this week. Port o-benzene slowly to inventory, external market to stimulate domestic o-benzene market, domestic o-benzene market rose slowly.

Future forecast

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that the price of o-xylene raw materials remained high this week, and the external market fluctuated and rose, and the domestic o-xylene rising momentum was fully supported. Downstream phthalic anhydride plasticizer market rose, o-benzene demand pick up, o-benzene rising momentum increased. In the future, the demand for o-benzene will rise, the cost of o-benzene will remain high, the external market will be favorable, and the market will push up. O-benzene is expected to rise in the future.

1、 Price trend

According to the monitoring data of the business community, the price of baking soda has been mainly stable in the near future. From the beginning of the week to the end of the week, the average price in the domestic market is 1616.67 yuan / ton. On April 22, the commodity index of baking soda was 107.30, flat with yesterday, down 11.82% from 121.68 (2020-10-21), the highest point in the cycle, and up 21.56% from 88.27, the lowest point on December 22, 2020（ Note: the period refers to the period from September 1, 2020 to September 1, 2020

2、 Market analysis

According to the news agency, the price of sodium bicarbonate is stable for the time being, and the shipment in the downstream market is acceptable. At present, the price of sodium bicarbonate in Henan is about 1550-1700 yuan, which is the mainstream quotation in the market. The downstream demand is acceptable. It is expected that the price will be slightly consolidated in the near future. The price of baking soda in Hebei is about 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

In terms of raw materials: according to the monitoring data of the business community, soda ash in East China has been running steadily and dynamically, and the current mainstream market price of light soda ash is about 1700-1850 yuan / ton. The main market price of light soda is about 1750-1850 yuan / ton. The main market price of light soda is about 1650-1750 yuan / ton. Overall, the short-term soda price consolidation operation.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate has been consolidated recently. Analysts of business news agency believe that: in the near future, the overall situation of raw material soda ash is stable with small movements, mainly with narrow fluctuation. The price of downstream glass market rises or drives the demand for soda ash, but there is still a price game between glass market and soda ash, and the short-term situation of soda ash is still consolidation. On the whole, the price of baking soda may still maintain a small consolidation trend in the short term, and the specific situation depends on the downstream market demand.

Recently, the domestic market of cyclohexanone rose slightly. Cost positive boost continued, downstream procurement cautious. According to the monitoring data of business news agency, as of April 22, the average price of domestic cyclohexanone market was 10420 yuan / ton, with a month on month increase of 8.92% and a year-on-year increase of 88.77%.

Region, price

East China 10500-10700 yuan / ton, cash delivery

South China 11000 yuan / ton, cash delivery

Shandong Province 10200-10300 yuan / ton, cash delivery

In terms of raw materials, Sinopec increased the price of pure benzene by 300 yuan / ton, and implemented 7300 yuan / ton, which was implemented by all its refineries. The price is effective from April 21. Downstream, Sinopec’s high-end caprolactam price this week rose 200 to 13900 yuan / ton (liquid premium products were accepted in June).

The price of pure benzene continues to rise with strong cost support, but the supply of cyclohexanone increases. Cyclohexanone analysts of business community expect that the domestic cyclohexanone market will be mainly on the wait-and-see side in the short term.

Recently, the price of domestic refined oil has risen strongly, and the price of the oil in mid April has increased by a large margin. According to the data of business society, the price of 92 gas of No.21 is 7414.8 yuan / ton, and the price of the oil in mid April is up 6.47%; 0 × diesel oil price is 5800 yuan / ton, and the price of diesel oil rises 4.17% in mid April. The international crude oil price has boosted. In addition, the in-situ equipment maintenance increases, supply is tight, and the price of finished oil has risen strongly.

International oil: Yemen Husser armed forces claimed to attack Saudi oil refining facilities, and the geopolitical situation in the Middle East was tense again; The International Energy Agency (IEA) took the lead and published monthly report, adding a fire to the oil market. On the 14th, IEA raised its global oil demand forecast in 2021. The view is that there are signs that the global economic recovery is faster than previously expected, especially strong demand in the United States and China; The EIA released the U; In addition, the organization of Petroleum Exporting Countries (OPEC) also raised global oil demand expectations, and it is expected that oil demand will increase by 5.95 million barrels / day in 2021, up 70000 barrels / day from last month. The increase in demand has provided support for OPEC’s increase in production. Even if OPEC + gradually increases production by more than 2 million B / D in the next three months, oil inventories are expected to decline. International crude oil was supported by various favorable factors. Crude oil rose significantly in mid April. As of 20, the settlement price of main contracts in WTI crude oil futures market in the United States was $62.67/barrel, and that of Brent crude oil futures market was $66.57/barrel.

Good supply and demand of refined oil: since April, after the maintenance of the atmospheric and vacuum unit in Kolida, the first unit overhaul of HSBC Petrochemical has not started, and the main refinery is the shutdown and maintenance of the whole plant of Dagang Petrochemical. The refinery operating rate has declined, and the supply side is in a tight trend. In terms of gasoline demand, the domestic temperature is suitable, and the radius of people’s travel has increased. In addition, the May 1st holiday is approaching, and there is a certain demand for stock and stock in the market. In terms of diesel oil, the demand for diesel oil in engineering infrastructure, logistics and transportation industries continued to pick up, and the demand for diesel oil terminals was strongly supported. Positive demand superimposed, domestic oil prices rose.

By the middle of April, the average starting load of atmospheric and vacuum unit of domestic main refineries is about 75%. The resumption of main refineries and maintenance refineries coexist in April-May, and the supply side may not change much.

Chenling, an analyst with refined oil at the business agency, believes that the closing price of international crude oil has not changed much. At present, the domestic crude oil change rate is at a positive low level, the demand for steam and diesel oil continues to be good, and there is a certain support in the market fundamentals. It is expected that the price of finished oil will still rise slightly in the later period.