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.

According to statistics, the price trend of domestic fluorite is temporarily stable. As of the 10th day, the average price of fluorite in China was 2800 yuan / ton, which was equal to 2800 yuan / ton at the beginning of the week, with a year-on-year decrease of 10.04%.

The price of fluorite fluctuates at a high level. Recently, some manufacturers have reported that their orders for fluorite have increased recently. Stimulated by the increase in inquiries, the prices of domestic fluorite manufacturers remain high, and the price of fluorite remains at a high level of 2800 yuan / T, and the price in the market is still bullish. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is improved, and the market price of fluorite is slightly higher. In recent years, the downstream hydrofluoric acid market price is still at a low level, and the terminal downstream is mainly purchased on demand. As of the 10th day, the price of 97 fluorite wet powder in Inner Mongolia is 2600-2800 yuan / ton, that in Fujian is 2700-2800 yuan / ton, that in Henan is 2700-2900 yuan / ton, and that in Jiangxi Province is 2700-2900 yuan / ton The fluorite market still has a small upward trend.

The market price of hydrofluoric acid in the downstream of fluorite rose slightly. As of the 10th day, the domestic hydrofluoric acid market price was 9035 yuan / ton. The rise of hydrofluoric acid market price had a positive impact on the upstream fluorite market, and the fluorite price remained at a high level. In recent years, the sales of automobile industry have improved, but the market trend of refrigerant downstream of the terminal has improved. There is no obvious improvement in the demand for refrigerant. With the continuous recovery of foreign economy, the export of refrigerant terminal may be improved. However, the domestic air conditioning industry starts at a low level and the demand for maintenance and after-sales service is weak. On the whole, foreign demand may rise. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price is still fluctuating. However, the market situation of price without market is obvious. The mainstream price of R22 in domestic large enterprises is 16000-18000 yuan / ton. The domestic market price of R134a is low, and the unit operating rate of production enterprises remains low. At present, the downstream start-up is not high, and the demand for R134a is cold. In recent years, the purchasing situation of downstream industry is general, and the price trend of fluorite remains stable.

Overall, the market of the downstream refrigerant industry rose slightly, but recently hydrofluoric acid merchants reported that the price of hydrofluoric acid increased slightly. Chen Ling, an analyst at the business agency, believes that the fluorite market price may maintain a high level in the short term.

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

Since July, the overall market price of epichlorohydrin has shown a downward trend. As of July 7, the average price quoted by epichlorohydrin enterprises was 10233.33 yuan / ton, down 1.92% compared with July 1 (10433.33 yuan / ton), 6.97% lower than that on June 7, and 27.76% lower than that on January 1. At present, the price of raw material propylene is on the rise, but the downstream purchasing enthusiasm is not high, the goods of the holders are not good, some offers are lower, the operators are not confident in the future market, and the trading atmosphere is light.

According to the data monitoring of the business agency, the latest price of epichlorohydrin of some enterprises (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

On July 7, the market price of upstream propylene in Shandong continued to rise. According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. At the end of June, the price has been at a high level, stable at the beginning of the month, and then decreased continuously. After going down 200-250 yuan / ton, the price on the sixth day was adjusted back to about 100 yuan / ton. Today, it continues to rise by 50 yuan / ton. The market transaction is between 6720 and 7000 yuan / ton, and the mainstream price is about 6750 yuan / ton. The inventory pressure of propylene manufacturers has improved, the crude oil price has slightly increased, the overall downstream market operating rate is ideal, the polypropylene futures market is good, and the purchasing enthusiasm is improved. It is expected that the propylene price will continue to rise slightly in the near future.

On July 7, the downstream epoxy resin was dominated by weak negotiation, the overall decline of dual raw materials was obvious, the cost support was insufficient, the downstream terminal purchasing was low, and just needed replenishment.

3、 Future forecast

Epichlorohydrin analysts of the business club believe that at present, the price of raw material propylene is going up, the cost is limited, and the room for profit in the cost of epichlorohydrin is limited, and there is no obvious support from the demand side. It is expected that in the short term, the epichlorohydrin market may continue to be weak and volatile, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.