Price trend:

According to the bulk list data of business society, the domestic ABS market fell in December, and the spot prices of various brands were mostly reduced. As of December 31, the average price of mainstream offer of general-purpose ABS was about 14850 yuan / ton, up or down – 8.05% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: raw material styrene rose this month. Crude oil prices picked up, pure benzene prices strengthened and cost support improved. The port inventory decreased, the domestic supply tightened at the end of the month, some goods were reluctant to sell at low prices, the delivery at the end of the month continued, the market spot was tight, and the market goods were reluctant to sell at low prices. Some northern sources began to arbitrage southward, and some domestic production enterprises increased their prices, but the domestic expectation of styrene increased one after another. In addition, the weak downstream demand restrained the market growth. In the short term, the styrene market is more likely to rise and fall.

The price of acrylonitrile weakened this month, and the spot price at the end of the month was about 15000 yuan / ton. The main factors affecting the market are the abundant supply of goods on the site, the arrival of more imported goods, the rise of port inventory, the launch of new production capacity within the month, and the decline of enterprise ex factory price.

In December, the domestic butadiene market fell in the first half of the month, then the decline stopped and entered the consolidation stage. Finally, the decline ended with the reduction of Sinopec’s price. The main reason is the drag of the external market and the sufficient supply of goods in the domestic market, resulting in the continuous decline of prices. Profits boosted the start of some downstream industries, but butadiene spot resources are still abundant. At the same time, there is no lack of low price news in the external market. Supply and demand fundamentals and external news are difficult to provide support for the domestic spot market. The domestic spot market is pushed higher and blocked. Business society butane analysts expect that the domestic butadiene market may be low in the short term.

The overall upstream market of ABS weakened, and the cost side support of ABS was poor. In terms of industry load, this month, except that the public health incident in Zhejiang had a certain impact on the operating rate of LG Yongxing and other enterprises, the operating rate of other domestic ABS enterprises was almost full. In addition, there were new production capacity of polymerization plants in the early stage, the overall supply was high and the prognosis was abundant. The operating rate of the industry has been high for a long time, and the inventory of enterprises and society has accumulated. Downstream masquerade, terminal enterprises have heard that there are still some materials in stock. In addition, the main downstream household appliances and other industries have announced the shutdown and vacation plan, so there is a heavy bearish mood in the field, the pressure on merchants to ship goods has increased, and the goods have been passively and gradually reduced.

Future forecast:

Business analysts believe that the spot market of ABS continued to decline in December, the overall trend of the three upstream materials was weak, and the support for the cost side of ABS was poor. The domestic spot price is mainly affected by the high operating rate of the industry and insufficient demand follow-up. The market supply is sufficient but insufficient. It is expected that the ABS spot market may still fall in a narrow range in the short term.

1、 Price trend

According to the bulk list data of business society, ammonium sulfate increased by 214.29% in 2021, with the largest increase of 240.48% in the year. On January 1, the average factory price of domestic ammonium sulfate was 560 yuan / ton, and on December 31, the average factory price of domestic ammonium sulfate was 1760 yuan / ton. The highest price of ammonium sulfate in the year is 1906 yuan / ton, and the lowest price in the year is 560 yuan / ton,

2、 Market analysis

In 2021, the total capacity of ammonium sulfate will be 18.55 million tons, an increase of 2.6 million tons compared with last year, an increase of 16.3%. In 2021, the output of ammonium sulfate was 1.37 million tons, with a year-on-year increase of 3.4%. The export volume of ammonium sulfate from January to November in 2021 was 9.188 million tons, an increase of 1.53 million tons over last year, a year-on-year increase of 20%. In 2021, the export volume of ammonium sulfate reached a record high. On October 15, 2021, the policy stipulates that the import and export of chemical fertilizer shall be subject to legal inspection, but excluding ammonium sulfate, the export volume of ammonium sulfate has increased greatly. Shandong Hualu Hengsheng, Inner Mongolia Qinghua Group and Lunan Chemical have successfully put into production, and the supply of ammonium sulfate has increased.

The market trend of ammonium sulfate rose sharply in 2021. From the beginning of the year, ammonium sulfate rose continuously to October, and then fell to the end of the year. The biggest increase in the year was in October, with an increase of 62.96%. The biggest decline in the year was in August, with a decline of 4.89%.

From January to March 2021, the price of ammonium sulfate rose sharply, with an increase of 61.91%. At the beginning of this year, the fertilizer market has been pleasantly surprised, and nitrogen, phosphorus, potassium and compound fertilizer have risen across the board. The export market of ammonium sulfate performs well, the overall inventory of the enterprise is not high, the supply of ammonium sulfate in the field is tight, and the enterprise has strong intention to support the price.

From April to June 2021, the price of ammonium sulfate increased, with a decrease of 13.36%. The price of compound fertilizer raw material urea rises, and the price of compound fertilizer increases accordingly. Due to the increase of cost, the pressure of compound fertilizer enterprises increases. With the increase of fertilizer use, the market atmosphere is gradually improved, and the demand for ammonium sulfate increases under the high-level operation of urea. Some enterprises and dealers use ammonium sulfate instead of urea fertilizer.

From July to September 2021, the price of ammonium sulfate increased by 8.33%. Due to the overhaul of some caprolactam enterprises, the supply of caprolactam grade ammonium sulfate decreased and the output was affected. Under the influence of environmental protection and dual control, it is difficult to increase the supply of ammonium sulfate. Downstream compound fertilizer raw material prices are strong, enterprises purchase on demand, and the demand for ammonium sulfate is acceptable. The price of ammonium sulfate rose steadily.

In October 2021, the price of ammonium sulfate rose sharply, with a monthly increase of 62.96%. From the second half of October, the price of ammonium sulfate began to rise sharply, ranging from 500-1000 yuan / ton. The domestic market is good, and many enterprises raise prices. Foreign demand is booming and orders are increasing. Due to good demand and tight supply, ammonium sulfate keeps rising. The price of ammonium sulfate rose to the highest level of 1906 yuan / ton in the year.

From October to December 2021, the price of ammonium sulfate decreased by 7.696%. Due to the decline in the price of compound fertilizer raw materials and insufficient cost support, there is no clear guidance in the market. Ammonium sulfate is dominated by weak domestic market. Although the demand side is still, downstream enterprises are resistant to high prices and have an obvious wait-and-see attitude. Since December, the demand side continued to be depressed, and the price trend of ammonium sulfate fell to the end of the year.

3、 Future forecast

According to the ammonium sulfate analysts of business society, ammonium sulfate will perform well in 2021, and the price of ammonium sulfate will rise sharply. The export volume of ammonium sulfate increased significantly, reaching a record high. At the end of the year, the market of ammonium sulfate began to weaken, and the price of ammonium sulfate fell back in the short term. It is expected that ammonium sulfate will continue a strong trend next year. It is suggested to pay attention to the export volume and demand change of ammonium sulfate.

1、 Price trend

The year 2021 was successfully completed. Looking at the development of titanium dioxide Market in this year, from the perspective of price, according to the monitoring of bulk commodity data, the price of titanium dioxide rose in 2021. The average price of domestic titanium dioxide at the beginning of the year was 16666.67 yuan / ton, and the average price at the end of the year was 20733.33 yuan / ton. The price increased by 24.4% during the year.

2、 Market analysis

Product market

In terms of market development in 2021, the first half of the year is basically in the stage of rapid rise, and the second half of the year is in the stage of slow decline. Near the end of the year, Longqi sent a letter for the tenth time. In January 2022, the price of titanium dioxide increased. At this time, the price of titanium dioxide began to pick up.

In the first quarter, the export situation of titanium dioxide enterprises was good. Dragon enterprises announced three increases, with a cumulative increase of 16% from January to March. The domestic rutile titanium dioxide factory quotation including tax is mostly 18800-20500 yuan / ton, and the anatase titanium dioxide factory quotation including tax is between 15500-18000 yuan / ton. The main domestic supply side manufacturers are in short supply. The price of raw titanium ore is high, the cost support is strong, the market confidence of titanium dioxide is good, and the price rises.

In the second quarter, Longqi once again announced its rise for three times, with a cumulative increase of 10.03% from April to June. Domestic rutile titanium dioxide factory quotation including tax is mostly 21000-21600 yuan / ton; The factory quotation of anatase titanium dioxide including tax is mostly between 18300-20000 yuan / ton; The factory quotation of chlorinated titanium dioxide with tax is mostly 22500-24000 yuan / ton. The spot price of titanium ore market continued to rise, the price of sulfuric acid also continued to rise, and the cost support performance was strong. At the same time, export orders performed well. Under the superposition of positive factors, the titanium dioxide market continued to rise.

In the third quarter, Longqi sent letters twice to announce the rise, but due to the rapid rise in the early stage. Domestic demand has entered the off-season, and downstream procurement is beginning to weaken. The price increase letter has played a role in stabilizing the price to a certain extent. The actual transaction price is in a slow decline stage. 7-9, with a cumulative decrease of 2.86%. Domestic rutile titanium dioxide factory quotation including tax is mostly 19500-21600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17600-19500 yuan / ton. At present, titanium dioxide enterprises are limited by the sound of films, more parking, low market operation, and many enterprises have sent letters to raise prices. The trading market has a strong wait-and-see mentality. Traders are more cautious in taking goods and mainly purchase on demand.

In the fourth quarter, Longqi sent a letter in October to announce the rise, so as to promote stability. In October, the domestic titanium dioxide market price was basically stable. From the end of November to the beginning of December, the titanium dioxide market turned weak, coupled with the gradual cooling in the northern region, the demand contracted. The market price of titanium dioxide decreased slightly. On December 13, Longqi sent a letter for the tenth time announcing that the price of titanium dioxide would rise in January 2022, when the price of titanium dioxide began to pick up. From October to December, the decline was 1.03%. Up to now, the domestic rutile titanium dioxide factory quotation including tax is mostly 19500-21500 yuan / ton; The factory quotation of anatase titanium dioxide including tax is mostly between 17600-19500 yuan / ton. Downstream demand is light, traders are more cautious and wait-and-see, and the titanium dioxide market mainly operates stably.

Import and export data

According to customs statistics, the import volume of titanium dioxide from January to November 2021 was 176200 tons, a year-on-year increase of 24400 tons, an increase of 16.08%. It is estimated that the annual import volume will be 190000 tons and the monthly average import volume will be 15800 tons.

According to customs statistics, the total export volume of titanium dioxide from January to November 2021 was 1178000 tons, with a year-on-year increase of 73900 tons, an increase of 6.70%. It is expected that the annual export volume will be 1.28 million tons and the average monthly export volume will be 107000 tons.

Production capacity

According to public data, China’s titanium dioxide production capacity will be about 4.37 million tons in 2021, an increase of 9% over last year. Due to the continuous strong market demand, the production capacity of titanium dioxide is growing steadily. From January to November 2021, the output of titanium dioxide in China was 3.4791 million tons, a year-on-year increase of 312900 tons, an increase of 9.88%. The annual output is expected to be about 3.79 million tons.

3、 Future forecast

Titanium dioxide analysts of business society chemical branch believe that at present, the domestic titanium dioxide market price is mainly stable. Titanium dioxide enterprises have successively sent letters that the price of titanium dioxide will rise next month, which has played a certain role in boosting the market. In addition, the current titanium ore price has increased slightly, so the cost support of titanium dioxide enterprises is strong. It is expected that the titanium dioxide market will run steadily and well in the short term.

According to the bulk list data of business society, the average price of 85% domestic industrial formic acid enterprises was 2650 yuan / ton on January 1, 2021. As of December 29, the average price of domestic formic acid enterprises was 4300 yuan / ton, which increased by 62.26% during the year. The lowest price in the year was 2433.33 yuan / ton on April 27, and the highest price in the year was 8050 yuan / ton on October 14, with a maximum amplitude of 230.82%.

According to the monthly rise and fall chart of formic acid from January 2021 to November 2021, it can be seen that the monthly price of formic acid increased more or decreased less in 2021, and the overall trend increased. The market fell in February, April and November, and rose in other months. The largest increase was in September (78.15%) and the largest decrease was in November (46.28%).

In the first quarter (January March), the price of formic acid increased slightly, with an increase of 8.18%. In January, the market quotation of formic acid remained high and stable, and the downstream pesticide, rubber, leather and pharmaceutical industries collected goods according to the market demand, dominated by rigid demand. In February, raw material prices rose and fell, the downstream market entry enthusiasm was general, the market transaction atmosphere was flat, and the market fell. In March, the formic acid market fluctuated and rose. Affected by the device failure of a manufacturer, the market supply was tight and the market price rose.

In the second quarter (April June), the price of formic acid first fell and then rose, and then operated steadily, with an overall decline of 7.26%. In April, 85% of the domestic formic acid market fell weakly, the prices of manufacturers and dealers decreased in varying degrees, the raw material prices were weak in the middle of the year, the inventory was high in the late day, and the market price continued to decline. After the May Day holiday, there is replenishment demand in the downstream, the market trading atmosphere is good, and the offer of cargo holders rises. With the rise of raw material prices, the rise of costs superimposes export demand, and the overall offer and transaction focus of formic acid market move upward. In June, the formic acid market was high and stable.

In the third quarter (July September), the price of formic acid soared by 189.76%. In July, the overall trend of domestic industrial grade 85% formic acid market rose, with a monthly increase of 9.64%. In August, the inventory of formic acid market was low, and the domestic main downstream just needed to follow up steadily. In addition, with export support, the market atmosphere was positive, the mentality was strong, and the price rose sharply, with a monthly increase of 48.35%. In September, the raw material side operated strongly, the supply of goods in the market was tight, and the export support was still stable. The domestic main downstream continued to focus on just demand. In addition, the holiday was approaching, the downstream prepared goods orderly, the enterprise shipped smoothly, and the focus of market trading continued to rise, with a monthly increase of 78.15%.

In the fourth quarter (October December), the price of formic acid fell. As of December 29, the decline in this stage was 46.36%. In October, the formic acid market was high and stable. In November, the market price of domestic industrial grade 85% formic acid fell sharply, mainly the price of raw materials, the cost support continued to loosen, the market confidence weakened, and the price of formic acid fell sharply. In December, the price of formic acid stopped falling and rose again, with limited cost support, dissatisfaction with the operating load of enterprises and shortage of market supply. The sharp decline in the price of formic acid in the early stage stimulated the purchase enthusiasm of the downstream, the market trading atmosphere warmed up and the price rose.

Future forecast:

To sum up, the price of domestic industrial grade 85% formic acid will rise sharply in 2021. At present, the raw material methanol market is mainly in the doldrums, the caustic soda market is relatively strong, the liquid ammonia market is temporarily stable, the sulfuric acid price rises slightly, the cost side support is general, and there is still some support on the supply and demand side. It is expected that the formic acid market may be stable, medium and strong in the short term, so more attention should be paid to the guidance of market news.

It can be seen from the above figure that the domestic sulfuric acid market price first fell and then rose this month. The quotation increased from 628.33 yuan / ton at the beginning of the month to 645.00 yuan / ton at the end of the month, an increase of 16.67 yuan / ton, or 2.65%, and a year-on-year increase of 49.13% compared with the same period last year. Overall, the sulfuric acid market rose this month. On December 27, the commodity index of sulfuric acid was 100.39, up 0.52 points from yesterday, down 27.66% from the highest point of 138.78 points in the cycle (2021-10-21), and up 218.50% from the lowest point of 31.52 points on June 6, 2019. (Note: cycle refers to the period since September 1, 2011)

The upstream support is enhanced and the downstream demand is general

Domestic sulfuric acid Market in December

manufactor December 1st December 18th December 28th

Heze river source 830 yuan / ton 890 yuan / ton 900 yuan / ton

Zou Ping Tianlu 380 yuan / ton 520 yuan / ton 590 yuan / ton

Liaocheng Huatong 460 yuan / ton 460 yuan / ton 480 yuan / ton

Changzhou Qinghong 750 yuan / ton 700 yuan / ton 650 yuan / ton

Changzhou Changjiang River 650 yuan / ton 600 yuan / ton 600 yuan / ton

Xiangcheng San’an 700 yuan / ton 650 yuan / ton 650 yuan / ton

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers increased slightly this month, the manufacturer’s inventory is small, and the downstream demand is general. The quotation of Heze Jiangyuan sulfuric acid was 900 yuan / ton at the end of the month, which increased by 70 yuan / ton compared with the beginning of the month; Zouping Tianlu offered 590 yuan / ton at the end of this month, an increase of 210 yuan / ton compared with the beginning of this month; The quotation of Liaocheng Huatong sulfuric acid at the end of the month was 480 yuan / ton, which increased by 20 yuan / ton compared with the beginning of the month; Changzhou Qinghong offered 650 yuan / ton at the end of the month, down 100 yuan / ton compared with the beginning of the month; The quotation of Changzhou Changjiang River at the end of the month is 600 yuan / ton, which is 50 yuan / ton lower than that at the beginning of the month; The quotation of Xiangcheng San’an sulfuric acid at the end of the month was 650 yuan / ton, which decreased by 50 yuan / ton compared with the beginning of the month.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market has increased slightly recently. The quotation has increased from 2000.00 yuan / ton at the beginning of the month to 2026.67 yuan / ton at the end of the month, an increase of 26.67 yuan / ton, or 1.33%, a year-on-year increase of 100.00% compared with the same period last year. The cost support is enhanced, which has a positive impact on sulfuric acid. The downstream formic acid market first fell and then rose. The quotation first fell from 4300.00 yuan / ton at the beginning of the month to 4133.33 yuan / ton on December 3, down 3.88%, and then rose to 4300.00 yuan / ton at the end of the month, up 4.03%, up 70.86% year-on-year compared with the same period last year. The downstream bromine market fell sharply. The quotation fell from 67125.00 yuan / ton at the beginning of the month to 53142.86 yuan / ton at the end of the month, down 13982.14 yuan / ton, down 20.83%, up 59.43% year-on-year compared with the same period last year. The downstream markets have ups and downs, and the downstream has poor enthusiasm for purchasing sulfuric acid. On the whole, the upstream and downstream products had a negative impact on the price of sulfuric acid this month.

The market outlook fell slightly

The domestic sulfuric acid Market in the middle and early ten days of January may fluctuate and fall slightly. The upstream sulfur price has increased slightly recently and the cost support has been strengthened, but the downstream bromine market has fallen sharply, the downstream formic acid market has been consolidated at a low level, the downstream has poor enthusiasm for purchasing sulfuric acid, and the product trend is downward under the contradiction between supply and demand. Business society sulfuric acid analysts believe that under the influence of supply and demand and raw materials in the short-term sulfuric acid market, the sulfuric acid market may fluctuate and decline slightly.

last week (12.20-24) the market of liquid ammonia has stopped rising and stabilized. Partially affected by the rising ammonia volume, the price has mainly declined, while the price of Shandong and Hebei has stabilized. The southwest, northwest and other places have a decline of about 100 yuan. However, the market is still at the level of weak supply and demand. According to the monitoring of business society, as of December 24, the weekly increase of liquid ammonia in Shandong is 0. At present, the mainstream price of liquid ammonia in Shandong is 4100-4 300 yuan / ton.

On the supply side, last week, the operating rate of liquid ammonia remained stable, the ammonia volume in the main production areas of Shandong, Hebei and two lakes changed little, and the local supply increased. The decline of urea price led to the increase of liquid ammonia shipment, the ammonia volume of southwest gas head enterprises and Northwest China increased, and the price decreased slightly.

At present, the price of liquid ammonia is still suppressed by the cost side. Affected by regulation, coal prices continued to decline. According to the monitoring data of business society, thermal coal fell sharply last week, with a range of 10.77%.

In terms of methanol, the methanol market fell significantly last week. The shipments of mainland enterprises were general, the inventory increased, traders waited and saw, the downstream demand entered the off-season, the coal price fell, and the methanol cost weakened. The average price of domestic methanol production enterprises fell from 2632 yuan / ton to 2450 yuan / ton, and the weekly price fell by 6.76%. The sharp decline of methanol price brought bad news to the cost of liquid ammonia.

On the demand side, in terms of urea and compound fertilizer, the price of urea stops rising and turns to falling. Last week, the market atmosphere was cold, and the urea price decreased slightly, down 1.02%, mainly due to the weakening of cost support, the downstream demand entered the bottleneck period, and the urea supply increased. Although the agricultural demand is advancing, the industrial demand is mainly on the sidelines. Urea and compound fertilizer markets are weak.

From the above figure, the price comparison chart of urea and liquid ammonia shows that the trend of liquid ammonia and urea is basically the same, and the price difference has basically remained reasonable since December.

From the above figure and the liquid ammonia industry chain diagram, the liquid ammonia industry chain is still weak, and the prices of many downstream products have decreased significantly, especially the upstream liquefied natural gas and downstream melamine.

Future forecast: the business community believes that in the short term, the supply and demand of liquid ammonia is basically balanced, the market is supported by local benefits, the price will show regional differentiation, and the price in the main production area is expected to be stable in the later stage.

Recent domestic isobutyraldehyde price trend

It can be seen from the above figure that after a sharp decline in November, the domestic isobutyraldehyde market price stopped falling and rebounded this month. The quotation first fell from 8333.33 yuan / ton on December 1 to 7000.00 yuan / ton on December 10, down 1333.33 yuan / ton, down 16.00%, and then rose to 9100.00 yuan / ton on December 24, up 2100 yuan / ton, up 30.00%. Overall, the isobutyraldehyde market stopped falling and rebounded this month.

Domestic isobutyraldehyde market in December

From the manufacturer’s quotation, the prices of mainstream domestic isobutyraldehyde manufacturers fell first and then rose this month, the manufacturer’s inventory is general, and the downstream demand is poor. The quotation of lihuayi isobutyraldehyde at the end of the month was 8800 yuan / ton, an increase of 400 yuan / ton compared with the beginning of the month; Shandong Zhenkun isobutyraldehyde offered 9300 yuan / ton at the end of the month, an increase of 1100 yuan / ton compared with the beginning of the month; Liaocheng yuanze isobutyraldehyde offered 9200 yuan / ton at the end of the month, an increase of 800 yuan / ton compared with the beginning of the month.

Insufficient upstream support and weakening downstream demand

From the perspective of upstream and downstream industrial chains, the upstream propylene market suffered twists and turns this month. On the whole, it fell slightly. There was an upward trend at the end of the month. The quotation fell from 7545.50 yuan / ton on December 1 to 7427.33 yuan / ton on December 24, down 1.57%, down 6.58% year-on-year compared with the same period last year. The cost support was insufficient, which had a negative impact on isobutyraldehyde. The market price of downstream neopentyl glycol decreased slightly, and the quotation decreased from about 16000 yuan / ton at the beginning of the month to 13500 yuan / ton at the end of the month, down 2500 yuan / ton, with an upward trend at the end of the month. The downstream market fell slightly, and the downstream purchasing enthusiasm for isobutyraldehyde weakened. On the whole, the upstream and downstream products had a negative impact on the price of isobutyraldehyde this month.

Market outlook rose slightly

The domestic isobutyraldehyde market may rise slightly in the middle and first ten days of January. Recently, the price of upstream propylene has decreased slightly, the cost support has been strengthened, the downstream neopentyl glycol market has increased slightly, the downstream enthusiasm for isobutyraldehyde procurement has been strengthened, and the product trend is upward under the contradiction between supply and demand. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short term, the domestic isobutyraldehyde market may rise slightly.

This week, the domestic propane market was obviously bearish, and the focus continued to move down. According to the data monitoring of business agency, the average price of propane in Shandong market was 5455.75 yuan / ton on December 12 and 5345.75 yuan / ton on December 20. The decline rate during the week was 2.02%, down 7.41% compared with December 1.

As of December 20, the mainstream prices of propane in different regions in China are as follows:

region December 20th

East China 5400-5480 yuan / ton

North China 5350-5500 yuan / ton

Shandong region 5250-5420 yuan / ton

Northeast China 5300-5500 yuan / ton

This week, Shandong propane market is still dominated by the following behaviors as a whole. The trend of the South and North markets is weak, and the reduction range of Shandong propane market is 50-250 yuan / ton within the week. There are many negative factors in the market. The supply of Shandong market is relatively sufficient, but the overall demand is limited. The downstream mentality is cautious and makes up more on demand. The market trading atmosphere is general. In addition, the volatility of international crude oil trend has brought Limited benefits to the market, the refinery mentality is general, and the price is reduced.

Saudi Aramco announced in December 2021 that both propylene and butane fell. Propane was 790 USD / T, down 80 USD / T from the previous month; Butane was 770 USD / T, down 60 USD / T from the previous month.

At present, the international crude oil is mainly downward, and the news is bad. In terms of demand, the supply of propane Market in Shandong is relatively sufficient, the improvement of terminal demand is limited, the downstream market entry enthusiasm is general, the mentality is cautious, and the overall trading atmosphere of the market is weak. It is expected that the situation of supply exceeding demand in the propane market is difficult to change in the short term, or oscillates in a narrow range, dominated by weakness.

According to the monitoring data of business society, since December, the hydrogen peroxide market has opened a downward channel, and the price has continued to fall. On December 21, the price of hydrogen peroxide fell to 833 yuan / ton, down 13.19% from the beginning of December.

According to the weekly rise and fall chart of hydrogen peroxide of business society from September 27, 2021 to December 19, 2021, it can be seen that since September, the hydrogen peroxide market has warmed up and opened the road of rise, with an increase of 3.94% in the current month. After 11, hydrogen peroxide ushered in a sharp rise, rising continuously until October 19. Long and short game, the hydrogen peroxide market rose sharply and fell sharply after that. Throughout October, hydrogen peroxide rose 39.01%. At the beginning of November, hydrogen peroxide still maintained a downward trend, and the price fell for three consecutive weeks. In the whole November, hydrogen peroxide fell 13.55%. In December, hydrogen peroxide has been falling, falling endlessly. As of December 21, the overall decline was 13.19%.

Terminal demand is sluggish, and hydrogen peroxide continues to decline

Since December, the terminal demand was poor, and the hydrogen peroxide market continued to decline weakly, with an overall decline of more than 13% on the 21st. The price of terminal corrugated paper shows a slight downward trend. With the cancellation of the original price increase plan by Nine Dragons Paper, the price of corrugated paper and box board in some of its bases has been reduced by 100-200 / ton recently, so the paper market has declined one after another. In addition, there are few orders from downstream paper mills, the enthusiasm for corrugated paper procurement is not high, and the inventory of paper enterprises in the market is sufficient, and the overall market supply exceeds demand. The demand for hydrogen peroxide purchased by the paper industry is low, the supply of hydrogen peroxide is loose, the manufacturers have insufficient confidence in supporting the price, the price continues to decline, and the average market price falls to the first line of 830 yuan / ton.

On December 21, the price of hydrogen peroxide in some regions was as follows:

The quotation of hydrogen peroxide of Luxi Chemical is 720 yuan / ton, which is 160 yuan / ton lower than that in early December; Hebei Zhengyuan hydrogen peroxide quoted 830 yuan / ton, down 120 yuan / ton from the beginning of December; The quotation of hydrogen peroxide of Anhui Quansheng chemical is 950 yuan / ton, which is 100 yuan / ton lower than that in early December.

Business agency hydrogen peroxide analyst Li Bing believes that: the terminal demand is flat, it is difficult to make a significant change in the short term, and the future rise of hydrogen peroxide is still under pressure.

According to the data monitored by the business community, as of December 21, the comprehensive price of PC market was 21650.00 yuan / ton, and the PC price was mainly weak. Compared with the same period last week, the price decreased by 0.46% and 13.23% compared with the same period last month. The overall market negotiation atmosphere was cold, the downstream just needed to purchase, the demand was flat, the PC market was weak in the short term, and the range of price fluctuation was limited.

The overall domestic PC market is dominated by weak operation, narrow price range, strong wait-and-see atmosphere, lack of demand follow-up, general positive support, tight domestic supply side, mainstream price is about 21650 yuan / ton, factory quotation decreases slightly, lack of downstream demand, smooth logistics, normal installation operation rate and slow manufacturer shipment.

Upstream bisphenol A is mainly operated in a narrow range. The mainstream negotiation in East China market is around 16100 yuan / ton. There is a strong wait-and-see atmosphere in the downstream. Manufacturers operate cautiously, and the demand side is not followed up enough. The overall market shipment is slow, stable and weak in the short term.

Bisphenol a commodity index: on December 20, the bisphenol a commodity index was 153.74, unchanged from yesterday, down 45.71% from the highest point of 283.19 in the cycle (2021-04-16), and up 113.26% from the lowest point of 72.09 on April 6, 2020. (Note: the period refers to the period from March 1, 2020 to now)

Business community PC analysts believe that: in the short term, the PC market is weak and volatile, and the operation is weak in a narrow range. (to get more information about goods and to grasp the price of goods, welcome to subscribe to the business community through the official account of the business community).