Price data

According to the data of business associations, the market price of sulphur in East China declined slightly this week. At the beginning of the week, the average price of granular sulphur was 596.67 yuan/ton. At the end of the week, the average price of granular sulphur was 580.00 yuan/ton. The average price of granular sulphur dropped 16.67 yuan/ton. Within the week, it fell by 2.79%, 55.42% compared with the same period last year. The light soda commodity index on September 20 was 89.23, which was the same as yesterday. It was 24.29% lower than the cyclical peak of 117.86 points (2017-11-21), and 41.30% higher than the lowest point of 63.15 on November 18, 2015. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: This week, the domestic sulphur market continued to be weak, and refineries in different regions continued to decline according to their own shipments. As of the 20th, the mainstream price of solid sulfur in Shandong area of Sinopec is around 580 yuan/ton, while that of liquid sulfur is 490-570 yuan/ton; that of solid sulfur in North China is 480-530 yuan/ton, that of liquid sulfur is 450-490 yuan/ton, and that of solid sulfur is stable; that of solid sulfur in East China is 620-700 yuan/ton. The mainstream price of liquid sulfur is 550-670 yuan/ton, down 30 yuan/ton from last week’s price.

Industry chain: The price trend of downstream sulfuric acid Shandong market slightly declined this week, with a weekend quotation of 216.67 yuan/ton, which was 2.98% lower than 223.33 yuan/ton at the beginning of the week and 57.10% lower than the same period last year. This week, the price of the main sulphuric acid producers in Shandong fell slightly, the inventory of the producers was small, the downstream demand was small, the downstream acid market was weak, and the market price is still expected to decline.

Industry: At present, the domestic sulphur market demand is low, the stock consumption in Hong Kong is slow, there is no information guidance for the internal and external market, and the enthusiasm of terminal purchasing is weak. In the absence of information guidance in the market and the weak intention of the buyer, the market atmosphere is strong, the negotiation atmosphere is cold, and the hollowness of the business is obvious.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information support, the enthusiasm of on-site negotiations is weak, the mindset of the operators is mainly impasse, and the short-term sulfur market is expected to continue weak consolidation.

Price data

Petroleum coke prices rose slightly this week (9.16-9.20). According to the data from the business associations’list, the average price of petroleum coke products in domestic refineries was 1 238.20 yuan per ton at the beginning of the week, 1 242.20 yuan per ton at the end of the week, up 4 yuan per ton in the week and down 0.32 percent in the week.

The Petroleum Coke Commodity Index on September 20 was 96.62, unchanged from yesterday, down 37.90% from the cyclical peak of 155.59 points (2018-01-25), and up 44.45% from the lowest point of 66.89 on March 28, 2016. (Note: Period refers to 2012-09-30 to date)

II. Analysis of Influencing Factors

Products: Petroleum coke shipments are stable this week, prices remain stable as a whole, and some enterprises fluctuate slightly.

Industry Chain: Upstream: According to the monitoring of business associations, WTI crude oil in the United States was $54.85 per barrel at the beginning of the week and $58.13 per barrel at the end of the week, with a weekly increase and decrease of 5.98%; Brent crude oil was $60.22 per barrel at the beginning of the week and $64.40 per barrel at the end of the week, with a weekly increase and decrease of 6.94%. Saudi Arabia’s oil equipment was attacked early this week and the market rose in panic. Since the attack, the situation has stabilized. Saudi Arabia has not reduced its oil exports, and American inventories have increased. International oil prices have soared and fallen.  Downstream: The trading of calcined coke is stable this week, the demand of downstream carburant market is still optimistic, and the supply and demand of electrolytic aluminium market is relatively stable.  According to business association data, the average market price of aluminium (99.70) as of September 20 was 14296.67 yuan per ton.

Industry: According to the price monitoring of business associations, there are 11 kinds of commodities rising annually in the energy sector in the 37 th week of 2019 (9.16-9.20). Among them, there are 3 kinds of commodities rising more than 5%, accounting for 18.8% of the monitored commodities in the sector. The first three commodities rising are liquefied gas (7.87%), Brent crude oil (6.94%) and WTI crude oil (5.98%). ) There is a total of 1 kind of commodities falling in the ring ratio, and diesel oil (-0.77%) is the product of the decline. This week’s average rise and fall was 1.98%.

3. Future Market Forecast

Petroleum coke analysts of business associations predict that the market price of petroleum coke has risen slightly this week. At present, refinery stocks are low. Carbon enterprises basically take delivery according to plan. The market demand of calcined coke and electrolytic aluminium is stable. With the National Day holiday approaching, refineries have been actively clearing their warehouses in the near future. It is expected that the price of Petroleum Coke will be stable in the near future. Some enterprises will fluctuate slightly. The price range is about 1200-1300 yuan/ton.

Price Trend

According to the data of business associations, the market price of propylene (Shandong) in China has risen sharply in recent days and slowly declined. At the beginning of this week, the average price of propylene (Shandong) was 7 850 yuan per ton per week; Tuesday was 8 04yuan per ton per week; at the end of the week, the average price of propylene (Shandong) was 7 904 yuan per ton, with a weekly increase of 0.69% and a weekly fluctuation of 1.96%. The price of propylene jumped sharply on Monday. The price of propylene on Sunday (September 15) was 7673 yuan / ton, and it jumped 4.31% on Tuesday (September 17).

II. Analytical Review

Products: The prices of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, 2, 3-5 and 6-8 respectively, slightly decreased by 50 yuan/ton on September 10, increased by 50 yuan/ton on September 11 and stabilized by crude oil on December 15. The prices of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, and increased by 12-15. The range jumped up, rising about 300/ton on 16 and 17 days, and the price was flat on 18 days. Enterprise prices slightly declined on 19 and 20 days. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7850 yuan/ton. The inventory enthusiasm of the refinery has been improved, and there are more profit concessions.

Industry chain: upstream, due to the impact of last weekend Saudi Arabia incident, international crude oil production fell sharply in the early stage, market prices continued to rise, Saudi crude oil recovered well, international crude oil prices dived again, resulting in the linkage of propylene market up and down. On the downstream side, downstream manufacturers are cautious in purchasing, mainly at low prices. This week’s polypropylene futures prices fluctuated with crude oil. Spot prices rose steadily with a 7-day increase of 1.92%. However, domestic polypropylene factories in many areas are expected to implement the production restriction order. There are many expectations of polypropylene plant shutdown. Later, it is likely to continue the trend of shock adjustment, which has no significant positive or negative impact on propylene. The oleic acid price has been stable and has no effect on the propylene market for the time being; the propylene oxide price has been rising slowly, with a 7-day increase of 2.56%, but the propylene market is limited by the possibility of a slight drop in the high level in the later period; while the propylene oxide market has risen sharply, with a weekly increase of 10.26%, and a 7-day increase of 13.16%, which is obviously favorable. Propylene market; while the market for n-butanol was slightly volatile, with a weekly increase of 0.49%, mainly high-level consolidation, stable market shipments, little impact on propylene; the market for isooctanol rose this week, with a weekly increase of 2.45%, slightly favorable to the propylene market.

3. Future Market Forecast

Propylene analysts from Business Society Chemical Branch believe that overall, the decline of international crude oil after soaring has limited benefits for the propylene market; downstream procurement is cautious, although the market is mainly slightly rising, but the propylene market is expected to continue to decline in recent days.

On September 18, the phthalic anhydride commodity index was 68.61, unchanged from yesterday, down 42.89% from the peak of 120.13 points in the cycle (2012-02-28), and up 41.70% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride continues to rise. The market price of phthalic anhydride in eastern China is rising. The downstream factories are just in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, the orders on the market are higher than before, and the market price of phthalic anhydride keeps rising. In East China, the mainstream of neighbouring-law supply negotiations is 7200-7400 yuan/ton, naphthalene-law supply negotiations is 6800-6900 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 7000-7200 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, the wait-and-see mentality is strong, domestic phthalic anhydride is strong. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride keeps rising.

Recently, the price of domestic phthalic anhydride upstream product Sinopec has increased by 200 yuan/ton to 6700 yuan/ton. Due to the overhaul of domestic phthalic anhydride factories, on-site supply shortage, the price of phthalic anhydride has risen, the market of imported phthalic anhydride in port area has risen, the recent market of phthalic anhydride in port has been better, the stock of port has been substantially lower, and Up, the actual transaction price is based on negotiation. Recently, domestic overhaul facilities for phthalic anhydride have increased. The supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride, the market price of phthalic anhydride continues to rise. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP price is higher, DOP downstream demand is normal, customer purchasing enthusiasm is general, downstream PVC market volatility is higher, DOP market mainstream turnover price 8000-8250 yuan/ton, downstream prices have risen, it is expected that the market price of phthalic anhydride will maintain a higher trend in the later period.

On September 18, the hydrofluoric acid commodity index was 94.10, unchanged from yesterday, down 32.99% from the peak of 140.43 points in the cycle (2018-02-21) and up 75.59% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date).

According to statistics, the domestic market price trend of hydrofluoric acid remains low, up to the present domestic market price of hydrofluoric acid is 10 370 yuan/ton, the domestic start-up rate of hydrofluoric acid is less than 60%. Enterprises reflect that the current spot supply of hydrofluoric acid is sufficient, and the hydrofluoric acid market is not moving in the near future. As the downstream demand is not improving, some hydrofluoric acid is not available. Manufacturers continue to reduce prices, hydrofluoric acid market prices continue to fall. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 9500-10000 yuan/ton, while the price of hydrofluoric acid in the northern market is 9500-10000 yuan/ton.  Domestic hydrofluoric acid market price maintains low level, spot supply is sufficient, but demand is poor, hydrofluoric acid market is weak.

Upstream fluorite market prices fell, up to 18 days fluorite price was 2877.78 yuan/ton, upstream raw material prices fell to the hydrofluoric acid market has a negative impact, the hydrofluoric acid market prices are affected by the lower price of raw material fluorite at a low level.  Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce the start-up load, market supply capacity has decreased, inventory pressure has been buffered. On the demand side, downstream air-conditioning manufacturers’overhaul, the demand only declined but did not increase, and the price of domestic large enterprises fell to 1250-14500 yuan per ton. The domestic market price of R134a has declined, the start-up rate of production enterprises has remained low, the market demand for refrigerants has decreased, and manufacturers mainly export their products. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined, hydrofluoric acid market prices declined. However, the on-site transaction price is lower, merchants purchase on demand. Recently, due to the normal supply of goods, downstream demand is not improving, and the market price of hydrofluoric acid remains low.

Refrigerant field turnover is poor, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is limited, hydrofluoric acid spot supply is sufficient, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly lower.