According to the monitoring data of the business agency, as of July 17, the average ex factory price of domestic n-butanol was 5566 yuan / ton. Compared with the end of last week (July 12), the average price of domestic n-butanol decreased by 400 yuan / ton, or 6.70%. Compared with the beginning and end of this month (July 1), the price dropped by 433 yuan / ton, or 7.22%.

This week, China’s domestic n-butanol market fell significantly. On Monday (13th), due to the delay in the overhaul of some n-butanol units, the supply of n-butanol increased in the short term, and the downstream purchasing enthusiasm was not high in the two days last weekend, and the shipment was slow. The n-butanol market of most factories fell collectively. On the 13th, the reference average price of n-butanol market was 5783.33 yuan / ton, down 183.34 yuan / ton, or 3.07%, compared with last weekend (July 10). After the price fell, the market demand did not improve significantly, and it was still weak. With the increasing supply, the downstream wait-and-see sentiment was strong, and purchasing on demand was the main factor. The manufacturers mostly adjusted the ex factory price of n-butanol according to the market situation, and the price of n-butanol continued to decline in this week. As of Friday (17th), the average ex factory price of domestic n-butanol has dropped to 5566 yuan / ton, down 400 yuan / ton, or 6.70%, compared with last Friday (July 12). Among them, Wanhua chemical’s ex factory quotation of n-butanol in North China is 5600 yuan / ton, which is 400 yuan / ton or 6.66% lower than last Friday (July 12); Shandong lihuayi’s ex factory price of n-butanol is 5500 yuan / ton, compared with last Friday (July 12) Compared with Friday (July 12), the price of n-butanol from Luxi Chemical Co., Ltd. dropped by 400 yuan / T, or 6.77%; the ex factory quotation of n-butanol of Luxi Chemical Co., Ltd. was 5700 yuan / T, which was 300 yuan / T, or 5.0% lower than that of last Friday (July 12).

The current market price of n-butanol in some regions of China is attached (data for reference only, unit: yuan / ton)

Product Name: up / down on 7 / 13 / 7 / 17

N-butanol-5900-5950-5800-5850 – 100 / – 100 in East China

South China Region – 6200-6300-6000-6200 – 200 / – 100

North China – 5750-5850-5500-5700 – 250 / – 150

Northeast China – 5750-5850 – 5700 – 5800 – 50 / – 50

On the upstream side, the overall domestic propylene market continued to decline this week. According to the price chart of the business agency, the propylene price fluctuated periodically in recent years, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From June 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 10 and 11, the price was roughly flat. The price started to decline twice on the 12th, and fell again by about 50 yuan / ton on the 16th. Now, the total price has dropped by 150-200 yuan / ton. The market transaction is between 6670 yuan / ton and 7000 yuan / ton, and the mainstream price is about 6700 yuan / ton. There is a certain pressure on propylene manufacturers to ship.

On the downstream side, this week, the domestic butyl acrylate market is weak and plummeting, the price center is continuously falling, the downstream demand is very little, the market inquiry is cold, and the market transaction situation is not good. The price of raw material n-butanol went down, and the cost pressure was relieved.

At present, the market price of n-butanol has fallen to the cost price, and the factory is keen to stabilize the price. Although the market of raw material propylene declines as a whole, the downward speed slows down and the overall trend tends to stabilize operation, which gives some support to n-butanol. In addition, it is heard that the raw material inventory of n-butanol as downstream butyl acrylate is gradually exhausted, and the downstream may usher in a small amount of stock. Therefore, it is expected that the domestic market will be in a positive position in the future Butanol market has a trend of stabilizing or slightly rising.

On July 15, the price of silicon metal (441) stabilized and rose slightly. According to the data of business agency, on July 15, the average market price of domestic silicon metal (441) was 10633.33 yuan / ton, an increase of 1.35% compared with the average price of 10491.67 yuan / ton at the beginning of the month (7.1), and a decrease of 10.14% compared with the average price of 11833.33 yuan / ton at the beginning of the month (1.1).

The price of 441 silicon is as follows:

The price range of silicon metal in Fujian is 10200-10400 yuan / ton, Sichuan is 10400-10500 yuan / ton, Kunming is 10400-10500 yuan / ton, Shanghai is 11100-11300 yuan / ton, Tianjin port is 10700-10800 yuan / ton, Huangpu port is 10600-10700 yuan / ton 。

Firm willingness of manufacturers to support prices

At present, the social stock of silicon metal is relatively stable, and the spot stock of low-grade silicon is relatively tight. Some silicon factories are determined to stand up for price, and the supply of low-cost goods is reduced. Recently, the market quotation has stabilized and risen slightly.

In the future market, the main task is to maintain stability

At present, the supply and demand is stable. Considering the cost factors, the manufacturers have strong willingness to bid, but based on the actual transaction is weak, it is expected that the upstream and downstream game of silicon metal will intensify in the near future, and the approximate rate will mainly maintain stable operation in the near future.

The sulfur commodity index on July 14 was 34.20, which was 1.65 points lower than yesterday, 67.06% lower than 103.84 points (2011-11-02), and 32.61% higher than 25.79 points, the lowest point on February 24, 2020. (Note: period refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the average price of sulfur production in East China was 623.33 yuan / ton, a daily decrease of 4.59%. On Tuesday, domestic refineries adjusted their quotations according to their own shipment situation. On the 14th, Sinopec’s liquid sulfur price in East China increased by 30 yuan / ton, with the quotation of 560-680 yuan / ton; Sinopec’s quotation of solid-liquid sulfur in North China was temporarily stable; the price of solid sulfur in Shandong Province of Sinopec was reduced by 40-50 yuan / ton, at 620 yuan / ton, and the liquid sulfur was reduced by 20 yuan / ton, with the quotation range of 570-620 Yuan / ton.

Aftermarket forecast: at present, the port market is weak, and the domestic sulfur market quotation is rising and falling. The traders are mainly cautious and wait-and-see. The demand for phosphate fertilizer in the downstream is not good in the off-season. Under the guidance of the lack of market information, the sulphuric acid market may be weak in the later stage.

Price trend

According to the data monitoring of the business agency, the price of acetic anhydride rose sharply in July. The market of acetic anhydride rebounded and rose since the end of June. In July, the price of acetic anhydride continued to rise in the earlier period, and the price of acetic anhydride rose again and again. As of July 13, the average price quoted by acetic anhydride enterprises was 6037.50 yuan / ton, up 13.92% compared with 5300.00 yuan / ton in late June, 9.77% higher than 5500.00 yuan / ton in early July, and 17.61% higher than that in the same period last year.

Acetic acid price trend

It can be seen from the trend chart of acetic acid price that the price of acetic acid rose sharply in July. Since the end of June, many acetic acid enterprises have stopped production of acetic acid equipment for maintenance, and the supply of acetic acid market is tight, and the price of acetic acid continues to rise. The raw material price of acetic anhydride is rising, the cost of acetic anhydride is rising, and the driving force of acetic anhydride rising is increasing.

Methanol price trend

It can be seen from the methanol price trend chart that the methanol price rose in July, the methanol manufacturers stopped production and maintenance intensively, and the methanol futures price rose, which was good for the methanol spot market. The methanol price rose greatly, the cost of acetic anhydride rose, and the acetic anhydride market was favorable.

Market situation of acetic anhydride Enterprises:

In the late June of Wanglong group, the production of acetic anhydride equipment was at a low level, the shipment was reduced, the price of acetic anhydride stopped falling and rose, and the market of acetic anhydride rose. Last week, Yankuang’s acetic anhydride equipment stopped unexpectedly, and the price of acetic anhydride rose sharply.

Market review and future forecast

Generally speaking, the price of acetic acid rose sharply in July, methanol price fluctuated and raw material cost rose, which was good for acetic anhydride market; since late June, the low equipment operating rate of acetic anhydride enterprises and the unexpected shutdown of Yankuang lead to the sharp rise of acetic anhydride price. In the future, due to the concentrated production capacity of acetic anhydride enterprises, the equipment operation of acetic anhydride enterprises directly affects the price trend of acetic anhydride. With the resumption of Yankuang’s acetic anhydride equipment, the supply of acetic anhydride is relatively stable, and the driving force for the rise of acetic anhydride decreases; the raw material price of acetic anhydride remains high, the cost of acetic anhydride is high, and there is no downward pressure on acetic anhydride. The future market of acetic anhydride still has upward momentum, and the expected price of acetic anhydride is expected Slightly higher volatility.

According to the price monitoring of the business agency, the domestic market of polymerized MDI is in a downturn. At the beginning of the week, the average price of domestic aggregated MDI market was 12175 yuan / ton, which was 1.42% lower than the same period of last month and 0.20% lower than that of the same period last year.

This week, the aggregate MDI market was in a downturn, and the main northern factories did not release the trading policy to the market this week. A factory in Shanghai continued to maintain the price stability last week, and continued not to assess the task volume; other factories were slightly tight in releasing goods at the beginning of the month, and there was less circulation of on-site goods. Although the supplier’s factory has the willingness to support the market this week, it is not clear that it will support the market.

Raw materials, pure benzene: Shandong market rose during the week, regional differences are larger. After falling to 2800 yuan / ton, downstream and traders have been buying bottom, and the market trading atmosphere is strong. The pressure of local refining inventory was relieved, and the supply of low-cost goods was continuously reduced. However, the local refiners in Dongying are cautious about the future market of pure benzene, and the shipment is not so good, so the price is close to 2950 yuan / ton. The mainstream price of other refineries is 3000-3100 yuan / ton, and high-end shipment is hindered.

Aniline: aniline market rose steadily in the week. From the aspect of raw materials, the pure benzene market fell continuously last week, and the Shandong market once fell to 2800 yuan / T, which led to the pessimistic mood of aniline downstream factories and purchase on demand.

Downstream, spandex, spandex industry started more than 80%, adhere to the high position, manufacturers supply abundant. The support performance of the cost side is general, the demand follow-up of the downstream terminal market is weak, and the overall market observation atmosphere is not reduced. At present, the reference for 20d spandex mainstream negotiation in Jiangsu and Zhejiang provinces is 35000-36000 yuan / ton; for 30d spandex, it is 34000-35000 yuan / ton; for 40d spandex, it is 28500-29500 yuan / ton, and the actual transaction is discussed in detail.

If the supplier’s factory still has the release of low-priced goods, traders actively bid for shipment, and the business agency aggregate MDI analysts predict that the domestic aggregated MDI market may continue to decline in the short term.