1、 Price trend:

According to the data monitoring of the business agency, the price of o-xylene Sinopec contract fell again this week, affected by the collapse of crude oil again, and the price of o-xylene fell again this week. As of March 19, the contract price of o-xylene Sinopec was 4600.00 yuan / ton, down by 400 yuan / ton or 8% compared with the price of 5000.00 yuan / ton of o-xylene last week. The price is 32.35% lower than that of the same period last year. The price of o-benzene was sharply lowered again this week.

2、 Market analysis:

Crude oil prices plummeted again

It can be seen from the trend of crude oil price that the crude oil price has fallen sharply since March, of which Brent crude oil price has declined by 48.41% since March and WTI crude oil by 56.74% in March. The crude oil price dropped sharply and was transmitted to the downstream. The cost of raw materials for chemical products decreased, the cost of o-benzene decreased, and the price of o-benzene followed the decline. According to the trend of crude oil price this week, Brent crude oil price fell by 24.69% this week, and WTI crude oil fell by 35.8% this week. Crude oil price has repeatedly refreshed the historical low in recent years, and the cost of raw materials has declined, which makes the downstream products lose support and o-benzene market bearish.

3、 Future forecast:

According to Bai Jiaxin, an analyst with the data on xylene, crude oil prices plummeted again this week, setting a new low in recent years. The price of raw materials continues to plummet, which makes the cost of o-benzene drop sharply, and the space of o-benzene price drop increases. For the downstream, the start-up of the downstream enterprises is not getting better, and the capacity recovery is poor. The demand transaction is limited, and the market of orthobenzene is not good. Generally speaking, the market of ortho benzene is relatively negative, and there is no upward momentum in the future market of ortho benzene. It is expected that the market of ortho benzene in the future will mainly fall.

According to statistics, the price of phthalic anhydride in China continues to decline. As of March 18, the price of phthalic anhydride from o-phthalic anhydride was 5225 yuan / ton. Since 2020, the price of phthalic anhydride has dropped by 17.06%, down 23.54% year on year. In recent years, the price of phthalic anhydride in China has been falling continuously, and the market price of phthalic anhydride has repeatedly reached a new low.

In recent years, the market price of domestic phthalic anhydride has continued to decline. Due to the continuous decline of crude oil price, the price of phthalic anhydride upstream raw material ortho benzene is at a low level of 5000 yuan / ton. In addition, the downstream of the terminal has not yet fully recovered in the near future, some phthalic anhydride manufacturers still have inventory and poor delivery situation. Affected by the sharp decline of raw material price, the market price of domestic phthalic anhydride has been falling continuously. The market price of phthalic anhydride and phthalic anhydride in East China has fallen, the downstream factories have been shut down a lot, the factory inventory pressure has increased, and the high-end transaction has been blocked. Recently, the factory inventory has increased, and the market price trend of phthalic anhydride has declined. The main flow of negotiation of neighboring method and naphthalene method in East China is 5100-5400 yuan / ton, 4800-5100 yuan / ton, and the main flow of quotation of phthalic anhydride market in North China is 5100-5300 yuan / ton, The prices of most manufacturers in the site fell, and the downstream purchase was mainly on demand, with a strong wait-and-see mentality, and the market price of phthalic anhydride fell sharply.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 5000 yuan / ton, and the import phthalic acid Market in port area is slightly lower. In the near future, the port phthalic acid market is weak, the port inventory is increased, and the external quotation of phthalic acid is lower. The actual transaction price is subject to negotiation and detailed discussion. Due to the decline of upstream raw material phthalic acid price, the market price of phthalic anhydride continues to decline.

The lower DOP raw material price of isooctanol fluctuated and fell, the DOP raw material cost fluctuated and fell, the DOP enterprise operated at low load, the logistics transportation was limited in the near future, it was difficult to get out of the warehouse, and the DOP manufacturer’s inventory increased. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fell, and the equipment of PVC enterprises started at a low level. The main quotation in DOP market is about 6500-6900 yuan / ton, a small amount of market plasticizers are traded, the downstream demand is poor, and the market price of phthalic anhydride is significantly lower.

In the later stage, the crude oil price is still in a weak position in the short term. In addition, the peak season of the downstream plasticizer industry is over, and the demand for the upstream phthalic anhydride is limited. Influenced by the international public health events, it is expected that the price of the phthalic anhydride Market will rise heavily in the later stage, and will still fall.

1、 Price trend:

According to the data monitoring of the business agency, the price of acetic anhydride has risen in the near future. As of March 17, the average price of acetic anhydride enterprises was 4862.50 yuan / ton, up 212.50 yuan / ton, or 4.57%, compared with the lowest price of 4650.00 yuan / ton in March, and down 22.75% compared with the same period last year. In recent years, the demand for acetic anhydride has risen, the market has recovered, and the price of acetic anhydride has risen.

2、 Market analysis:

Product analysis:

In March, the acetic anhydride enterprises started normal operation, and the logistics and transportation gradually recovered; the procurement enthusiasm of the downstream enterprises increased, the order turnover increased, and the acetic anhydride quotation rose. The factory quotation in North China was about 4700-4900 yuan / ton, and the actual transaction price was about 4600-4700 yuan / ton. Acetic anhydride manufacturers have inventory sales, the demand for acetic anhydride is rising, the overall market for acetic anhydride is good, and the driving force for the rise of acetic anhydride is increasing.

Industry chain factor analysis:

In the near future, the price of acetic acid is stable. With the start of maintenance of acetic acid equipment in Jiangsu Thorpe and Yankuang, the supply of acetic acid decreases, the price of acetic acid rises, and the cost of acetic anhydride rises, which is good for the market of acetic anhydride in the future.

3、 Future forecast:

According to Bai Jiaxin, an analyst of acetic anhydride data of business association, with the outbreak of global health events, the demand for drugs is rising, and the demand for acetic anhydride as raw material is picking up. However, due to the increase of recent maintenance, the price of acetic acid is rising, the cost of acetic anhydride is rising, and the price of acetic anhydride is rising. Overall, the market of acetic anhydride in the future has recovered, and the price of acetic anhydride in the future has increased.

1、 Price trend:

According to the data of the bulk list of business agencies, the domestic ABS market weakened in the first half of March, and the spot price in the market mostly decreased. As of Friday, March 13, the main offer price of general-purpose ABS was around 12150.00 yuan / ton, down 4.71% from the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industry chain: ABS upstream, Styrene Market in the second week of March is weak. Last week, affected by the bad news of crude oil and chemical industry, domestic styrene prices fell in response until Friday’s decline narrowed. At present, the market supply is good, and the port inventory has increased. The return rate of downstream factories is lower than the normal level before the festival, and the demand is still low. Business bearish mentality is heavier, with the market shipments. The deadlock between supply and demand is hard to break, and the market lacks strong support. It is expected that styrene will continue to operate in a weak way in the near future;

Influenced by the news of international crude oil falling price for many times, it has obvious negative effect on acrylonitrile. The rate of return to work in the lower reaches is lower than that before the festival, which needs to be further recovered. At present, the market is lack of positive boost, and the operators are confused. The downstream factories just need to take a small amount of goods and take a wait-and-see attitude. It is expected that the market of acrylonitrile will not improve in the near future;

The domestic butadiene market news is limited. At present, the domestic butadiene market price has been in a low position. Most traders think that short-term prices are difficult to fluctuate. At present, the sharp drop in international crude oil price is similar to the “great storm” in the market, while the butadiene market is still “stable” like the reef on the sea floor, which is actually caused by the sharp drop in the price in the early stage and still reaching the bottom. At present, the downstream inquiry intention is not high, the operator’s attitude is cautious, the market atmosphere is weak, and the market offer is narrow. It is expected that the domestic butadiene market will continue its weak trend in the short term;

3、 Future forecast:

Business analysts believe that: in the first half of March, the ABS market fell, and the decline of various brands of spot products has been reduced. The cost side of the upstream three expect this month’s trend is not flat, generally weak, poor support for the cost side. At present, the spot supply of ABS is relatively sufficient, but the downstream demand is weak, the market inquiry atmosphere is cold, and the trading is light. Business mentality is affected, there are more low price single situation. It is expected that domestic ABS prices will continue to weaken in the near future.

1、 Price trend

According to the price monitoring of the business agency, the domestic aggregate MDI market continued to decline this week. At the beginning of the week, the average price of the domestic aggregate MDI market was 12075 yuan / ton. At the end of the week, the average price of the domestic aggregate MDI market was 11925 yuan / ton, down 1.24% in the week, down 9.32% month on month and 20.23% year on year.

2、 Market analysis

Product: the market price of aggregate MDI fell continuously this week. As of Thursday (3.12) this week, the market price has stopped falling and stabilized, but there are also some individual phenomena of low price shipment. The weekly guidance price manufacturer, keschuang, has a stable and stable quotation attitude; the guidance price of East Cao Ruian has dropped by 700 yuan / ton to 11300 yuan / ton, with a falling mentality. Other manufacturers have not made a statement for the moment, and each manufacturer has different mentality. It is generally understood that the supplier’s factory load is temporarily kept at low load, and the inventory pressure has not been completely relieved. Most of the traders keep positive shipment, the quotation is low, and some agents have great stock and capital pressure. This week’s continuous decline in the price price led to the weak atmosphere of the downstream operators’ purchase inquiry at the beginning of the week. With the slow down of the price drop in the middle of the week, the downstream terminals began to pick up goods. Active inquiry, continuous small order replenishment oriented, the inquiry atmosphere may gradually improve.

On the aspect of enterprises, the market learned that the guiding price of MDI polymerization of an enterprise in Ruian, Zhejiang Province, was 11300 yuan / ton this week, down 700 yuan / ton compared with last week’s quotation; the quotation of MDI polymerization of Shanghai Kesi for dealers this week was 12300 yuan / ton, stable compared with last week’s quotation.

Industrial chain: raw materials, pure benzene: in the week, the market of pure benzene in Shandong Province fell. At the beginning of the week, the price of refineries remained firm due to low inventory. However, crude oil plummeted, Sinopec’s listing of pure benzene significantly reduced from 600 yuan / ton to 4550 yuan / ton, the mentality of the operators was poor, and downstream enterprises obviously resisted the high price of pure benzene; moreover, due to the impact of low price of hydrobenzene and northeast supply, there were few transactions of refined benzene, and the price dropped to 4400-4500 yuan / ton.

Aniline: domestic aniline market fell in the week. Crude oil plummeted, driving the pure benzene market down. Sinopec’s listing of pure benzene was reduced by 600 yuan / ton to 4550 yuan / ton, with a wide range of costs weakening and poor support for aniline. In Shandong market of aniline, Jinling restarted a 100000 ton aniline plant and the market supply increased. Huatai has a high load, and the inventory keeps accumulating. I heard that the actual shipment is lower than the offer. In the East China market, due to the impact of Wanhua’s low price supply, East China enterprises generally ship goods. Most of the downstream factories and traders are pessimistic about aniline’s aftermarket mentality and take the goods carefully. In order to promote the shipment, the price of aniline factory keeps falling.

3、 Future forecast

Business Club view: under the supply and demand game, the business club aggregate MDI analysts predict that the short-term domestic aggregate MDI market price or maintain range volatility, and the price may rebound at any time.