On June 29, the sulfur commodity index was 90.17, up 0.55 points from yesterday, down 13.16% from 103.84 points (2011-11-02), the highest point in the cycle, and up 249.63% from 25.79 points, the lowest point on February 24, 2020（ Note: period refers to the period from September 1, 2011 to now

Sulfur prices in East China rose slightly on the 29th, with the average price of sulfur production rising 0.61% to 1643.33 yuan / ton, according to the price monitoring of business news agency. The domestic sulfur market is stable, and refineries in various regions quote prices according to their own shipment situation. Except that the price of solid-liquid sulfur in Qingdao refinery is increased by 30 yuan / ton, the price of solid-liquid sulfur in refineries in various regions is generally stable. The prices of solid sulfur in various regions as of 29 May are as follows:

region varieties June 28th June 29th Up and down

East China Sulfur (particle) 1670-1730 yuan / ton 1670-1730 yuan / ton 0

North China Sulfur (particle) 1470-1600 yuan / ton 1470-1600 yuan / ton 0

Shandong Province Sulfur (particle) 1590-1640 yuan / ton 1620-1640 yuan / ton + thirty

In terms of phosphate fertilizer, the price of Monoammonium increased, the enterprise orders were sufficient, the spot supply was limited, and the price was high; The domestic market of diammonium is stable and the demand is general, while the demand of foreign market is good. In addition, the operating rate of diammonium enterprises is low, and some enterprises are overhauled. The market supply is slightly tight, and the future market may rise.

Future forecast: at present, the price of domestic sulfur market is strong, domestic refineries maintain low inventory operation, and the export orders of upstream and downstream phosphate fertilizer are good, which has good support for sulfur. It is expected that the short-term sulfur market will be strong.

According to the monitoring of large data of the business agency, the price of acetic acid in this week was weak, with the price of acetic acid at the weekend of 7762.50 yuan / ton, down 2.20% compared with the average factory price of 7937.50 yuan / ton of acetic acid last weekend, up 0.98% compared with the previous month’s month. As of June 25, the price of acetic acid Market in various regions in China rose and fell as follows:

region June 21st June 25th Price rise and fall

East China RMB 7850-8250 / ton 7700-8200 yuan / ton – 50/-150

South China 8000-8100 yuan / ton 7950-8000 yuan / ton – 50/-100

North China RMB 7850-7900 / ton 7700-7800 yuan / ton – 100/-150

Shandong Province RMB 7850-7900 / ton 7700-7750 yuan / ton – one hundred and fifty

Jiangsu Province 8000-8100 yuan / ton 7800-7850 yuan / ton – 200/-250

Zhejiang 8150-8200 yuan / ton RMB 7850-7950 / ton – 250/-300

Hebei Province RMB 7850-7900 / ton 7700-7750 yuan / ton – one hundred and fifty

This week, domestic acetic acid prices continued to decline, downstream demand is general, high prices of acetic acid conflict, the on-site mentality is obvious, under the pressure of the market, acetic acid enterprises have lowered their prices. At present, domestic acetic acid enterprises can keep inventory, and the supply of market sources is tight. Due to obvious conflict between downstream purchase and purchase, the purchasing enthusiasm is general, the market transaction is small, and the negotiation price is low, and the later stage of acetic acid market is weak.

The domestic methanol market was in a volatile operation. As of the 27th, the average production price of Shandong Province was about 2530 yuan / ton, down 0.39% compared with the previous weekend. The market was generally bought in the field, and the demand for downstream was just needed. The spot market was weak, and the futures market was better. The short-term methanol spot market was sorted out and operated.

In the downstream, the market conditions such as ethylene acetate and acetate are weak, the market supply is sufficient, the downstream demand is weak, the atmosphere of on-site negotiation is general, the actual transaction price is low, the supply demand is weak, and the market in the latter market is weak.

The analysts of acetic acid in the business society believe that the domestic acetic acid market is tight in supply, the manufacturer’s quotation is high, while downstream procurement is just needed. It is resistant to high price acetic acid, limited purchase and small market transaction. The short-term supplier market is under obvious pressure, and the air atmosphere in the field is strong. It is expected that the late acetic acid market will be weak and tidy up, and the price market may continue to decline, Pay attention to the downstream market dynamics.

1、 Price trend

The price of aniline continued to rise this week, according to the data of the business club’s block list. On June 18, the price of aniline was 9400-9580 yuan / ton in Shandong and 9600 yuan / ton in Nanjing; On June 25, the price of aniline was 10000-10500 yuan / ton in Shandong and 10000-13000 yuan / ton in Nanjing, with an average price increase of 8.45% over last week, 12.41% over the beginning of the month, 29.96% over the beginning of the year and 126.47% over the same period of last year.

2、 Analysis and comment

In terms of cost, crude oil and external market continued to rise, with good support from external news. At home, there are large aromatics plants in China with unplanned production reduction and supply reduction. In addition, the inventory of local refineries in Shandong Province is low, and the spot supply is tight on the spot. Therefore, the market is bullish. This week, Sinopec’s price of pure benzene was raised by 400 yuan / ton to 8150 yuan / ton. On Sunday (June 27), the price of pure benzene was 8050-8150 yuan / ton (average price was 8120 yuan / ton), which was 370 yuan / ton or 4.77% higher than that of last week; Compared with the same period last year, it increased by 130.68%.

The price of nitric acid continued to rise this week. On Friday (June 25), the price of nitric acid production in East China was 2316.67 yuan / ton, up 0.72% from last week and 59.77% from the same period last year.

The aniline plant of many enterprises has been running under reduced load or shut down for maintenance, and the continuous reduction of supply has led to the continuous rise of aniline price.

3、 Future expectation

In terms of cost, in terms of international market, crude oil and external market prices are high, with good support for pure benzene. In China, the large aromatics plant is shut down for maintenance, the enterprise inventory is low, and the on-site supply is still in a tight situation in the short term. Downstream: the downstream is in a state of loss, the follow-up of pure benzene is general, limiting the rise of pure benzene. Overall, it is expected that the price of pure benzene will remain high next week, and the price may fall later.

In the short term, aniline prices are still supported due to a large number of load reduction operation or parking maintenance devices. However, the export of aniline is limited, and with the downstream entering the off-season, the price may fall. Continue to pay attention to the trend of raw material, the follow-up of downstream demand and the dynamic of aniline plant.

On June 25, domestic commodity futures rose in a large area, with energy and chemical products leading the way, while PTA, asphalt and soda ash leading the way. Among them, the turnover of PTA increased abnormally, ranking second for the first time. The rebar alone exceeded 88.7 billion yuan and broke through 5200 yuan in one fell swoop. As of the close, the main PTA rose 3.31% to 5180 yuan.

In the spot market, according to the price monitoring of the business community, as of June 25, the average price of domestic PTA market was 5159 yuan / ton, up 4.12% compared with the previous trading day and 40.44% year on year.

Recently, the overall oil price continued to fluctuate at a high level, with Brent’s center of gravity hovering around us $74 / barrel, which promoted the prices of downstream energy and chemical products. The increase in production is expected to suppress the upward space of oil prices, but the overall trend is still strong, and the focus of PTA prices has been boosted.

From the perspective of supply and demand, with the restart of PTA overhaul devices and the new devices having been put into operation, but after the suppliers announced the reduction of contract supply, the spot liquidity was still tight, and the centralized replenishment demand of traders and polyester factories increased, resulting in a stronger spot basis. The export pressure of terminal demand is still not relieved, and domestic sales are weak as a whole; However, the short-term polyester industry load is high, which needs support for PTA.

Xia Ting, an analyst at business news agency, believes that PTA suppliers will continue to reduce their contracts in July, and the cost side is relatively strong. In the short term, PTA prices will continue to fluctuate strongly.

1、 Price trend:

According to the price chart of business news agency, as of June 24, 2021, the domestic reference price of acrylonitrile remained at 14930.00 yuan / ton, which was the same as the price of the previous working day. Compared with last Friday, the price decreased by 0.33%, and compared with May 24, the price increased by 4.26%

2、 Market analysis

After entering June, the transaction price of acrylonitrile market increased gradually. On June 10, the price stabilized at 15040.00 yuan / ton, and began to shake in a small range. On June 24, the price remained at 14930.00 yuan / ton. This month, the market is still stable, the factory quotation is relatively strong, the ex factory price of Jiangsu silbang is stable, the price of Jilin Petrochemical is rising, and the dealer quotation is relatively stable.

upper reaches:

According to the price chart of the business club, after the Dragon Boat Festival, Shandong propylene market was put into operation, and the market turnover rose to 7600 ~ 7900 yuan / ton, with the mainstream price around 7900 yuan / ton. Mainstream manufacturers offer unchanged, low-end prices increased. Propylene market is expected to rise in the near future.

Downstream:

Since June, the NBR market has fluctuated in a narrow range, and the overall trend of NBR is rising first and then falling in a small wave. Business analysts believe that the relative pressure on the supply side is not big, and the price has dropped sharply in the early stage, so it is expected that the NBR market will be stable in the later stage.

According to the data of business club’s block list, the spot price of ABS was weak and volatile in early June, and the spot price was generally reduced. The trend of raw materials is mixed, and the support of ABS cost side is general. At present, it is the off-season of ABS industry, the demand of end-users is shrinking, and the shipping resistance of enterprises and businesses is increasing. ABS analysts of business cooperatives believe that the recent ABS spot market may continue to be short.

3、 Future forecast:

Acrylonitrile analysts of business news agency believe that: the current acrylonitrile market is stable, the driving force of upstream propylene cost is not strong, the downstream ABS is weak and volatile, the supply and demand fundamentals of NBR are acceptable, and the polyacrylamide market is stable. It is expected that the trend of acrylonitrile market will be stable in the later period. It is suggested to watch carefully and pay more attention to the factory settlement and downstream device dynamics.

According to the data of the business club’s block list, as of June 23, the average price of acrylic acid in East China was 10866.67 yuan / ton, up 4.49% compared with June 16, up 6.54% compared with the beginning of the month, and up 0.31% compared with May 23.

Since the second half of June, the acrylic acid market has been running strongly, and the price was stable on the 23rd

Since June, the acrylic acid Market in the first half of the month has been stable first and then rose, with an increase of 1.31%. In the second half of the month, the acrylic acid market rose steadily. Some mainstream enterprises executed export orders. At present, the market supply is tight. In addition to the impact of the news of logistics restrictions in some regions, the downstream products were prepared in advance, the market inquiry and transaction were active, and the rising atmosphere was strong, and the market was strong.

Upstream propylene, June 23, Shandong propylene market prices stopped falling temporarily. According to the price chart of the business club, the domestic propylene market has been in a downward trend since June. Today, the low-end price has increased by about 50 yuan / ton. Now, the market turnover is around 7600-7800 yuan / ton, and the mainstream price is about 7800 yuan / ton. At present, the market transaction is stable, the downstream purchases on demand, the downstream performance is general, and the support for propylene is limited.

Acrylic acid analysts of business news agency believe that at present, the cost support is general, the supply side is tight, and the market inquiry and transaction are positive. It is expected that the acrylic acid market will be stronger in the short term, and more attention should be paid to the market information guidance.

DOP price trend

According to the data monitoring of the business association, this week, the old cost of DOP fell, and the price of DOP fell sharply. As of June 21, the DOP price was 12800.00 yuan / ton, down 4.71% from 13433.33 yuan / ton on June 1 last week. DOP prices fell sharply this week.

Raw material prices fall

It can be seen from the octanol price trend chart that octanol price hit the top and fell this week, DOP cost fell, DOP price fell, DOP price rose powerlessly and downward pressure increased.

PVC market falls in off season

According to the monitoring data from the business community, the PVC market continued to weaken in June, with more centralized maintenance of PVC enterprises. The decline of PVC production and the indifferent demand for PVC contributed to the tepid pvc6 in June, the tepid demand for DOP, the insufficient support for the rise of DOP, and the greater downward pressure on DOP in the future.

Market summary and future expectation

Bai Jiaxin, DOP data analyst of business news agency, believes that this week, octanol prices fell, DOP costs fell and DOP prices fell; On the demand side, PVC enterprises have more centralized maintenance, DOP demand is cold, and DOP rising space is limited. Generally speaking, the cost of DOP is decreasing, the downstream demand is cold, and the downward pressure of DOP is increasing. It is expected that the price of DOP will drop sharply in the future.

1、 Price trend

According to the monitoring data of the business community, the average price of EPS ordinary material at the beginning of this week was 10925 yuan / ton, while the average price of EPS ordinary material at the weekend was 10675 yuan / ton, down 2.29% and up 31.79% compared with the same period of this year.

2、 Market analysis

In terms of cost, styrene is expected to be weak, pure benzene is difficult to have a clear direction for the time being, styrene supply is increasing, and the arrival of US dollar goods is increasing. On the supply side, it is difficult to restart the stopped EPS device next week, and it is expected that the output will not change much next week.

EPS factory delivered goods at a small margin, affected by the rebound of styrene, the overall turnover volume. As of June 17, Jiangsu’s common material was 10400 yuan / ton, down 200 yuan / ton, or 1.89% on a month on month basis, and its fuel was 10900 yuan / ton, down 200 yuan / ton, or 1.80% on a month on month basis.

3、 Future forecast

Domestic EPS market was weak, styrene fell to near the cost line, and the market negotiation was slightly deadlocked. The EPS market is expected to weaken slightly next week.

1、 Price trend

Aniline stopped falling and rose this week, with prices rising in a row, according to data from the business agency’s bulk list. On June 11, the price of Shandong Province was 8800-9100 yuan / ton; The price of aniline in Nanjing is 9000 yuan / T / T, and on June 18, the price in Shandong is 9400-9580 yuan / ton; The price of aniline in Nanjing is 9600 yuan / T / T, with the average price up 5.58% compared with last week, 3.65% higher than the beginning of the month, 19.83% higher than the beginning of the year, up 108.82% compared with the same period last year.

2、 Analysis and comment

In terms of cost, the price of pure benzene rose this week and then fluctuated and consolidated, and Sinopec’s price of pure benzene was stable, with the price of 7750 yuan / ton. The domestic price of pure benzene has been rising continuously, boosted by the continuous increase of crude oil and low inventory of pure benzene port. The inventory of benzene in East China main port fell below 80000 tons in the week. But at present, most downstream products are in loss, followed up by the slowdown of pure benzene, limiting the increase. On Sunday (June 20), the price of pure benzene was 7603-7800 yuan / ton (average price: 7750 yuan / ton), and the average price rose 60 yuan / ton, or 0.78% compared with last week; It was 112.33 per cent higher than the same period last year.

The price of nitric acid continued to rise this week, with the production price of nitric acid in East China on Friday (June 18) at 2300 yuan / ton, up 1.47% from last week, up 58.62% from the same period last year.

Some devices in the site maintain load reduction operation. During the Dragon Boat Festival, Jinling aniline plant was put into parking and maintenance, and it is expected that the supply in the site will continue to decrease on about 10 days. With the support of the good, aniline prices continued to rise.

3、 Post market expectations

On the cost side, the international side, the recovery prospect of crude oil is better; The price of the external market is fluctuating. At home, the pre maintenance of pure benzene plant is restarted, supply or gradually rising, but the supply in the field is still in a tight situation in the short term. Downstream: some downstream products are losing money, and their enthusiasm for benzene follow-up is not high. In general, it is expected that the pure benzene will continue to vibrate next week, with the possibility of falling.

There are many load reduction operation or parking maintenance devices in the site, and the maintenance plan of Shanxi Tianji aniline plant is expected to continue to decrease. However, Wanhua chemical has plans to invest in MDI supporting aniline plant, and market demand for aniline is under pressure. In general, there is still upward space for aniline in the short term, but it is possible to decline under the constraints of downstream demand. Continue to focus on the trend of raw material surface, downstream demand follow-up and aniline plant dynamics.

According to the data monitored by the business society (the average price of SG5 by the calcium carbide method), the average price of domestic PVC mainstream on June 17 was 9087.5 yuan / ton, down 0.27% from the previous day, 0.41% lower than the beginning of the week, 1.76% on month, up 43.39% compared with the same period last year.

2、 Market analysis

After the Dragon Boat Festival, PVC market continued to weaken, futures prices fell more than 2% on 17, driving the trend of spot prices. The enterprises cut about 50-100 yuan / ton in a day, and prices in different regions were lowered by different ranges. The quotation was mostly in the range of 9150-9250 yuan / ton, with the overall focus slightly moving down, but the price was still high. At present, the price of raw materials calcium carbide has risen by 12% in June, and the cost side support is stronger. Therefore, PVC is difficult to fall sharply. However, the downstream enters the off-season, the demand side is expected to weaken, and downstream industries are mostly in the wait-and-see form, and continue to maintain the purchase just needed, and the carrier can make profit and deliver goods, so there is a certain space for negotiation. In the short term, PVC market is more adhesive, the price is mainly narrow fluctuation, and the future market is difficult to be optimistic.

In spot, the main quotation range of pvc5 type electric stone is 9150-9250 yuan / ton. Hangzhou area pvc5 type electric stone interval 9140-9200 yuan / ton; The main stream of pvc5 type electric stone in Changzhou area is 9150-9200 yuan / ton; The main price of PVC common electrical stone in Guangzhou is 9200-9250 yuan / ton; The market has been down in all regions.

In futures, futures prices have fallen recently, and the prices of spot markets are down. June 17 v2109 contract opening price: 8705, the highest price: 8735, the lowest price: 8530, position: 378085, settlement price: 8635, yesterday settlement: 8770, down 135.

region technology June 17th June 11th Up and down remarks

East China Electrostone method 9030-9140 yuan / ton 9250-9280 yuan / ton – 220/140 Delivery

south China Electrostone method 9170-9250 yuan / ton 9200-9300 yuan / ton – 30/50 Delivery

North China Electrostone method 8980-9080 yuan / ton 9100-9200 yuan / ton – 120/120 To

southwest Electrostone method RMB 9000-9150 / T 9100-9250 yuan / ton – 100/100 To

International crude oil, June 16, international oil prices closed up slightly, the settlement price of the main contract in the WTI crude oil futures market in the United States was $72.15/barrel, or 0.03 USD. Brent crude oil futures market main contract settlement price at $74.39/barrel, up $0.40 or 0.50%. The US gasoline inventory rose last week, limiting the power of oil prices, according to inventory data released by the U.S. Energy Information Agency (EIA) on Wednesday.

Ethylene, June 16, European ethylene market market, FD northwest Europe quoted 1261-1274 USD / T, up $1 / T, CIF northwest Europe quotation 1210-1221 USD / T, down 2 USD / T. On June 16, the US ethylene market, FD US Bay quoted us $594-607 / T, up $16.5/t, and the recent U.S. ethylene market rose, with good demand. On June 16, the Asian ethylene market, CFR Northeast Asia quoted us $897-905 / T, down $15 / T, CFR Southeast Asia quotation of $857-865 / T, down $15 / T. Recently, the price of ethylene in Asia is mainly stable. Ethylene market may be mainly higher in the late period of high crude oil price.

The factory price of calcium carbide in Northwest China was temporarily stable on June 17, with the reference price of calcium carbide at 4683.33, up 12.4% compared with that of June 1 (4166.67). The price of upstream orchid carbon rose slightly, cost support was better, and the downstream PVC market was in high position consolidation, and the demand for calcium carbide was higher. The electricity market in the back market rose slightly.

3、 Post market forecast

PVC analysts of business agency believe that PVC market continued to weaken after the festival, supported by cost side, PVC fell deeply. With the downstream entering the off-season, the demand side is expected to weaken, and PVC market is expected to run in a short period of time, and the price or the price will continue to decline.