Ethylene glycol daily review (20220519)

The latest p-value price of ethylene glycol on May 19 was 5008.33 yuan / ton, unchanged from the previous trading day. Up 0.7% year on year.

 

The expectation of tight global supply and the improvement of fuel demand due to Shanghai’s plan to relax restrictions overshadowed concerns about slowing economic growth, and oil prices rebounded from the decline in early trading on Thursday. Today, Meg’s external market is weak, and the recent negotiated price of cargo is around us $610 / ton. The operating rate of ethylene glycol continues to decline slightly, the operating rate of polyester in the downstream is general, and the recovery of the demand side is slow. At present, the factory still needs to purchase, which has no obvious support for the ethylene glycol market.

 

Forecast: interval shock.

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On May 18, the price of refrigerant R22 was temporarily stable

Latest price (May 18): 17500 yuan / ton

 

Key points of analysis: according to the data monitoring chart of business agency, the price of refrigerant R22 was temporarily stable on May 17, unchanged from the previous day, with a year-on-year increase of 5.42%. The price of raw material chloroform fell slightly, the cost support became weaker, and the market supply increased. At the same time, the demand did not increase. Under the bad conditions of many parties, the price of R22 fell steadily. At present, the price of raw material hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 4325 yuan / ton, and the market quotation of R22 is mostly in the range of 17000-18000 yuan / ton.

 

R22 market is expected to fall steadily.

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On May 17, the price of cryolite increased slightly

Trade name: cryolite

 

Latest price (May 17): 7600 yuan / ton

 

Key points of analysis: the cryolite market is up today, and the average production price in Henan is up 0.33% from the previous working day. Cryolite raw materials are tight, the cost pressure of enterprises increases, the cryolite in the field is mainly under low load, and the market supply is tight, while the downstream demand is stable, the enterprise shipment is smooth, and the operator’s wait-and-see mentality is dominated. Individual enterprises increase their quotation according to the shipment situation.

 

Future forecast: short-term cryolite market consolidation at a high level, pay attention to the market supply.

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On May 16, the price of imported potassium chloride was temporarily stable

Trade name: potassium chloride (imported)

 

Latest price (May 16): 5366.67 yuan / ton

 

On May 16, the domestic market price of imported potassium chloride was temporarily stable, which was the same as that on May 13. At present, the price of 62% white potassium in the port is about 5200 yuan / ton; The self raised price of 60% Dahong granules in the port is about 5100 yuan / ton. 62% Russian White potassium in border trade is about 4800-4900 yuan / ton. The arrival price of potassium chloride in domestic salt lakes is about 4400-4900 yuan / ton. The recent market situation of downstream potassium carbonate and potassium nitrate has increased slightly, and the downstream procurement enthusiasm is good.

 

Recently, the price of domestic potassium chloride may rise slightly, mainly in consolidation. The import market price of potassium chloride is about 5400 yuan / ton.

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Nitrile rubber market price fell slightly (5.1-5.15)

In the first half of the month (5.1-5.15), the market price of nitrile rubber decreased slightly. According to the monitoring of business agency, as of May 15, the price of nitrile rubber was 23850 yuan / ton, down 2.85% from 24550 yuan / ton at the beginning of the month.

 

In May, the operating rate of domestic nitrile rubber was close to 80%, and the supply side was relatively sufficient; The ex factory price of nitrile rubber enterprises was adjusted downward by 500 ~ 800 yuan / ton. According to the monitoring of business society, as of May 15, the ex factory price of Lanhua nitrile n41e was reported to be 22500 yuan / ton; 3305e ex factory price: 22800 yuan / ton; The ex factory price of 3308e is 23800 yuan / ton; Shunze nitrile 3355 factory report 22700 yuan / ton; Nandi nitrile 1052 is delivered at 24200 yuan / ton. On the one hand, the price of raw materials fell and the cost weakened. On the other hand, the upstream and downstream of the supply and demand game were slightly deadlocked.

 

Gamma-PGA (gamma polyglutamic acid)

In May, the price of butadiene continued to fall, the price of acrylonitrile fluctuated slightly, and the cost support was weak. According to the monitoring of business society, as of May 15, the price of butadiene was 9586 yuan / ton, down 2.34% from 9816 yuan / ton at the beginning of the month; As of May 15, the price of acrylonitrile was 11540 yuan / ton, down 0.17% from 11560 at the beginning of the month.

 

Since May, the downstream operation of nitrile rubber has been low, and the demand side is weak. According to the business society, the downstream thermal insulation foam, rubber hose and other industries are started in the vicinity of 50-60%. The downstream purchased on demand and was resistant to the high price of nitrile, and the high price of nitrile rubber fell slightly.

 

Future forecast: NBR analysts of business society believe that the supply and demand of NBR is slightly deadlocked and the cost support is weak. It is expected that the NBR market will continue to fluctuate in a narrow range.

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On May 12, the price of diammonium phosphate was stable

Trade name: diammonium phosphate

 

Latest price: 3725 yuan / ton

 

Key points of analysis: the price of diammonium phosphate was stable on May 12, which was stable compared with the previous trading day. Today, the price of raw sulfur rose, the cost continued to rise, and the high level of diammonium market was strong. At present, the supply of diammonium in the market is relatively small, and most enterprises suspend quotation and do not receive orders for the time being. Transactions in the domestic market are general, and the focus is shifted to the export market. Today, the mainstream factory quotation of 64% diammonium in Hubei is about 3550 yuan / ton, and the actual transaction is negotiated.

 

Future forecast: diammonium phosphate high-level consolidation and operation in the short term.

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On May 11, the price of cryolite increased slightly

Trade name: cryolite

 

Latest price (May 11): 7575 yuan / ton

 

Key points of analysis: the cryolite market is up today, and the average production price in Henan is up 0.66% from the previous working day. Affected by the public health incident, the on-site freight is on the high side, while the downstream purchase is stable, and the enterprise shipment is relatively smooth. Individual enterprises raise their quotation slightly according to their own shipment clearance. At present, the production cost pressure of cryolite manufacturers is large, the enterprises start to reduce the load and run, the inventory is small, the enterprises reflect the stability and improvement of downstream demand, and the operators are mainly wait-and-see.

 

Future forecast: the short-term cryolite market will remain stable for the time being and pay attention to the market supply.

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On May 10, the acetic acid Market price in East China rose

Trade name: acetic acid

 

Latest price (May 10): 5010 yuan / ton

 

Key points of analysis: the market price trend of acetic acid continues to rise today, and the average market price in East China has increased by 5.92% compared with the previous working day. At present, the market supply is tight due to the unit maintenance and low load operation of individual acetic acid enterprises. After the sharp price adjustment of various enterprises last weekend, the market atmosphere is positive, individual enterprises make up the rise after hearing the news, and the quotation has been increased. At present, the downstream market entry has recovered stable, purchasing on demand, and the mentality of the industry is mainly wait-and-see, The quotation of enterprises may continue to rise slightly.

 

Future forecast: the short-term acetic acid market will be sorted and operated at a high level, and the specific attention will be paid to the market supply.

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On May 9, the price of TDI in East China decreased slightly

Trade name: TDI

 

Latest price (May 9): 17425 yuan / ton

 

Key points of analysis: today, the average price of TDI market in East China decreased by 0.17% compared with the previous working day, and the market is weak. There is no news release in the market. At present, the supplier has many sets of TDI device storage and maintenance plans, and the market supply is tight. However, affected by public health events, the terminal industry is depressed, the downstream demand purchase is limited, the market trading is light, and the market situation is mainly stalemate in terms of supply and demand performance. At present, the quotation range of dealers in East China is about 16700-17000 yuan / ton for domestic goods and about 17200-17500 yuan / ton for Shanghai goods.

 

Future forecast: wait and see the TDI market in the later stage, and pay attention to the market supply and downstream follow-up.

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After the festival, the domestic acetone market price soared rapidly

After the festival, the acetone factory raised the listing price for many times, the market fundamentals improved, and the cargo holders had a strong atmosphere of pushing up, mainly supporting the price. Large holders of goods followed the rise of the factory. Supported by the mentality of buying up but not buying down, the downstream delivery was optimistic, and the market rose rapidly. In East China, the average offer during the week rose from 5550 to 5880 yuan / ton, up 5.95% after the festival. As of the press date, the negotiation in East China is 5880 yuan / ton, the offer in Shandong is 6000 yuan / ton, the offer in Yanshan surrounding areas is 5900 yuan / ton, and the offer in South China is 6100 yuan / ton.

 

Gamma-PGA (gamma polyglutamic acid)

The price of raw material pure benzene was raised, and the spot transaction was pushed up to more than 9000 yuan / ton. The market negotiation was positive, and the downstream was in conflict with the high price. After the pre Festival phased replenishment, most of the venues were just in need of follow-up. On the other hand, the mainstream transaction of propylene in Shandong was 8750 yuan / ton, and the rise of international crude oil was good, with positive increase.

 

The downstream isopropanol market rose slightly, the factory shipments increased, and the negotiated price in East China rose to 7200 yuan / ton with the support of cost. The transaction price in Shandong was 6900-7000 yuan / ton. The downstream BPA fluctuated in a narrow range, and the ex factory price of Changchun chemical rose to 17000 yuan / ton.

From the perspective of the business agency, the acetone factory has raised the listing price for many times, the mentality of the cargo holders has improved, and the atmosphere in the venue has improved. The business agency expects that the acetone market will still operate strongly next week, and the negotiation reference in East China is 5900 yuan / ton.

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