According to the bulk data monitoring of the business community, affected by the tight supply of acetic acid market, the domestic acetic acid market continued to rise. As of January 26, Shandong Province was 4800-4900 yuan / ton, Jiangsu Province 5100-5200 yuan / ton, Zhejiang Province 5200-5300 yuan / ton, Henan Province 4800-4900 yuan / ton, Hebei Province 4700-4800 yuan / ton, Northwest China 4350 yuan / ton, South China 4900-5000 yuan / ton Around, up 7.17% over the same period last week.

At present, the domestic acetic acid market as a whole is high and strong, and the spot supply exceeds the demand. The downstream market has a positive performance in preparing goods before the festival, and the trade is active. Due to the shutdown and overhaul of some devices in North China, the market supply is in short supply. How long does the manufacturer make delivery, and it is difficult to make up the supply side gap in a short time.

In recent years, the domestic methanol market is mainly stable and consolidated. Affected by the higher freight rate and the increased cost of traders, the domestic methanol spot market is relatively strong, while the downstream market has entered the holiday season one after another, and the demand side support is limited. At present, Shandong is about 2335 yuan / ton. In the downstream, acetate and other markets are active, and some enterprises still start work during the Spring Festival, so the demand side is still positive for acetic acid.

Acetic acid analysts of business news agency believe that the domestic acetic acid market is currently in a strong operation, and the favorable demand side is expected to continue to the Spring Festival holiday. In addition to the increase in logistics and transportation costs, it is expected that the acetic acid market will continue to operate strongly in the near future.

1、 Price trend

According to the data of business club’s block list, the domestic market price of mixed xylene showed an upward trend this week. The price of xylene was 4110 yuan / ton on January 17 and 4160 yuan / ton on this Sunday (January 24), up 50 yuan / ton or 1.22% from last week.

2、 Analysis and comment

Within the week, Sinopec’s mixed xylene increased by 150-200 yuan / ton. At the beginning of this week, xylene market was very strong, the focus of negotiation was pushed up, and the price was pushed up and down near the weekend. In terms of external market, as of January 22, the price of imported xylene from South Korea was 577.5 US dollars / ton, down 5.5 US dollars / ton or 0.94% compared with January 15; the price of imported xylene from East China was 592.5 US dollars / ton, up 1.5 US dollars / ton or 0.25% compared with January 15. This week, the xylene inventory of East China port was about 78000 tons, down 2700 tons compared with last week.

In terms of crude oil, this week’s crude oil news guidance is weak, and the market hopes that the new US fiscal stimulus plan will be implemented. Compared with January 15, Brent rose by $0.705/barrel, or 1.29%; WTI fell by $0.15/barrel, or 0.29%.

Downstream, PX market, domestic PX prices rose this week compared with last week, Sinopec’s listed price was about 4700 yuan / ton, up 500 yuan / ton compared with last week, up 10.64%, down 24.64% year on year. By the end of the weekend, the closing prices of PX market in Asia were US $671-673 / T FOB Korea and US $689-691 / T CFR China. This week, the trend of PX external price remained high, and about 40% of domestic products needed to be imported. The higher external price brought some positive support to the domestic market.

In terms of PTA market, the price of PTA in East China fell this week, reaching 3841.11 yuan / ton on January 24, down 1.51% from last week and 21.38% from a year earlier. As of January 22, PTA industry operating rate was 91.24%.

In terms of ox market, ox prices remained stable this week, with the price of ox in East China at 4700 yuan / ton. Sinopec’s o-benzene price was temporarily stable, the external quotation fell, the supply of o-benzene was stable, and the downstream market fell as a whole, and the demand was normal. O-benzene transaction weakened, o-benzene market weak temporarily stable.

3、 Future forecast

Xylene analysts from business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of oil drilling platforms in the United States, and weekly EIA and API inventory data. Second, on the demand side, the impact of the global epidemic on crude oil demand, the progress of industrial chain recovery, and the economic and trade situation in Europe and the United States. Third, look at the geopolitical situation in the Middle East, China and the United States, the progress of new technology, the dollar index and stock market linkage.

Affected by the public health incident and the rain and snow weather in the north, some domestic downstream terminal plants are expected to shut down, and xylene market demand is weak. However, xylene market supply is expected to be tight, and prices are expected to remain firm next week. We will continue to pay attention to downstream procurement and the impact of crude oil and external market on xylene prices.

1、 Price trend

 
2、 Market analysis

According to the data of business news agency, the market of potassium sulphate in Hebei Province is stable this week. Mannheim potassium sulphate factory: 50% powder 2600 yuan / ton or so; 50% granules and 52% water-soluble powder 2725 yuan / ton or so, continuing last week’s price. The production of SDIC Luo potassium is normal, and the arrival price of 52% powder is about 2740 yuan / ton; the arrival price of 50% powder of Qinghai water salt system is about 2575 yuan / ton. The domestic potassium sulfate Market has been running stably, and there is no inventory pressure on the whole. The recent shipment situation in the north is subject to great resistance, and the logistics transportation is not smooth, which may further affect the production of plant devices.

3、 Future forecast

Business agency potassium sulfate analysts believe that: potassium sulfate Market to maintain stable operation, the market is expected to be stable in the short term.

1、 Price trend

Isopropanol prices rose this week, according to commodity data monitoring. The average price of isopropanol in China was 7300 yuan / ton last Thursday and 9000 yuan / ton this Thursday. The price rose by 23.29% during the week.

2、 Market analysis

Figure: price trend comparison of acetone and isopropanol from October to December

Isopropanol prices rose in the early part of this week, with the end of downstream just need replenishment, later slightly down. Due to the downturn of domestic isopropanol market at the end of December last year, the ship importers have stopped operation. Affected by the weather, isopropanol supply in northern factories decreased, mainly for foreign trade contract orders. Recently, the export orders increased, the domestic market isopropanol spot shortage, the price rose rapidly, the quotation is more chaotic. In terms of factories, there are many closures, and market traders are mainly waiting to see. Up to now, the negotiation range of isopropanol in Shandong is about 8500 yuan / ton, and that of isopropanol in Jiangsu is about 9000-9500 yuan / ton. Zhejiang isopropanol negotiation range is around 9000 yuan / ton.

In terms of raw material acetone, the market fell after a big rise. After a big push this week, the market fell on the afternoon of the 19th. In the early morning, the opening price rose sharply, the offer was firm, and then the terminal procurement slowed down after a big push up. In the afternoon, in view of the pressure of port inventory in the later stage, the supply side was relatively sufficient, and the cargo holders fell steadily. At present, the negotiation price of acetone is about 6800-7100 yuan / ton.

In terms of raw material propylene, the overall propylene market showed a ladder like rise this week. According to the data monitoring of bulk commodities, the domestic propylene price was 7345.45 yuan / ton last Thursday, and the average price was 7486.36 yuan / ton this Thursday. The price was increased by 1.92% within the week. At present, propylene manufacturers have less inventory and smooth delivery. On January 19, crude oil prices rose, which has a slightly positive impact on propylene.

3、 Future forecast

According to isopropanol analyst of business society chemical branch, at present, foreign export orders are increasing, domestic inventory is less, and the supply of goods is tight. With the end of the downstream just need replenishment, isopropanol prices fell slightly. Due to the rising prices of acetone and propylene, isopropanol support is favorable. Isopropanol is expected to decline more limited in the short term, follow-up attention to news changes.

Trade name: chlorinated paraffin

Latest price (January 20): 5100 yuan / ton

On January 20, the overall trend of domestic chlorinated paraffin market was weak and stable. The price of upstream liquid wax is relatively stable, the market price of liquid chlorine is stable and rising, and the overall market quotation of chlorinated paraffin is firm. Traders are cautious in taking goods, with obvious wait-and-see mood, and mainly purchase on demand in the downstream. Chlorinated paraffin analysts of business association think that the overall market trading atmosphere of chlorinated paraffin is general, the market price of liquid chlorine rises, and the manufacturers mainly support the price operation. It is expected that the price of chlorinated paraffin will be stable in the short term.