According to the commodity market analysis system of Shengyishe, the mainstream price of styrene in Shandong has recently fallen. At the beginning of the week, the average price of styrene in Shandong was 82833.33 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8266.67 yuan/ton, a decrease of 0.20%. The price has increased by 1.85% compared to the same period last year.

styrene

Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has mainly decreased in the past month, and the decline in the market this week is greater than the increase. The price of raw material pure benzene has fallen, with poor cost support, and downstream demand has not improved. The spot trading of styrene is weak, and the market is fluctuating and falling.

In terms of raw materials, the price of pure benzene fluctuated slightly this week, with Sinopec’s price of pure benzene at 6800 yuan/ton (synchronized with prices in Shandong and Hebei regions). The trading atmosphere in the Shandong market is relatively light, but there are also traders who normally purchase and deliver orders within the week, resulting in overall poor transactions.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The domestic PS market continues to decline, with an average PS price of 9600 yuan/ton at the beginning of this week and 9500 yuan/ton over the weekend, a decrease of 1.04% and a decrease of 4.36% compared to the same period last year. The cost of PS is weak, and the market is mostly wait-and-see. It is expected that the domestic price of PS (polystyrene) will mainly fluctuate downward in the short term.

The EPS market has remained stable this week, with an average price of 10125.00 yuan/ton for ordinary materials. Upstream support has weakened, with a focus on market transactions. Terminal profits are meager, and buying follow-up is limited. Overall transactions are average, with a strong wait-and-see atmosphere on the market. Buying is mainly in demand.

Recently, the domestic ABS market has experienced slight fluctuations. The high load in the ABS industry has continued, and the production of enterprises has remained stable. The weekly total production has slightly increased, and the inventory position has significantly increased. The on-site supply of goods is abundant, and the profitability of the enterprise is poor. The drag on the spot market by the supply side has expanded, resulting in high supply pressure. It is expected that the ABS market will struggle to overcome the supply-demand contradiction in the short term and may maintain a weak consolidation trend.

Recently, crude oil prices have fallen, with poor cost support. Units such as Shell and Zhejiang Petrochemical are about to restart, and there is an expectation of an increase in styrene inventories. It is expected that the short-term volatility and decline in the styrene market will be the main factors.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 776 yuan/ton on December 11th, and 776 yuan/ton on December 15th. The domestic ammonium sulfate market price remained stable this week.

2、 Market analysis

The domestic ammonium sulfate market price remained stable this week. At present, there is no positive news in the market, and the market is watching and operating. Domestic and international demand is weak, with downstream rigid procurement being the main focus. Downstream and distributors have a cautious attitude, often restocking at low prices, and have a resistance to high prices. As of December 15th, the mainstream market price for coking grade ammonium sulfate in Hebei Province is around 780 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 760-790 yuan/ton.

3、 Future Market Forecast

According to analysts from Shengyishe Ammonium Sulfate, the price trend of ammonium sulfate has stabilized recently, and there has been no improvement on the demand side. Downstream and dealers are mainly watching. It is expected that the domestic ammonium sulfate market will stabilize and operate in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of chlorinated paraffin 52 in China was 5433 yuan/ton on December 8th, and the average market price of chlorinated paraffin 52 in China was 5433 yuan/ton on December 14th. The price of chlorinated paraffin remained stable this week.

2、 Market analysis

The market price of chlorinated paraffin remained stable this week. This week, the price of raw material liquid wax fluctuated slightly, while the price of liquid chlorine decreased, and the cost support was average. At present, downstream procurement is on demand, with limited market trading, and manufacturers and distributors are mainly observing and stabilizing prices. As of December 14th, the ex factory price of 52 environmentally friendly chlorinated paraffins in Anhui region is around 5600 yuan/ton, and the national standard market price of 52 chlorinated paraffins in Shandong region is around 5000-5500 yuan/ton.

In terms of raw material liquid wax, the price of liquid wax fell first and then rose this week, mainly with slight fluctuations. Liquid wax fluctuated with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine has dropped this week. At present, the device is operating normally, and on-site trading is still acceptable, with transaction negotiations being the main focus.

3、 Future Market Forecast

According to analysts from Shengyishe Chlorinated Paraffin, the market for chlorinated paraffin raw materials has recently experienced a slight fluctuation and weakened, leading to a weakening of cost support. At present, the market demand is weak, with primary demand orders. It is expected that the price of chlorinated paraffin will be weak in the short term, and it is recommended to pay attention to changes in cost and demand.

According to data monitored by Business Society, as of December 11th, the average price of industrial grade premium cyclohexane in China was 7133.33 yuan/ton, which is slightly weak compared to the same period last week. The price has decreased by 2.28% compared to the same period last week. The overall market supply and demand are balanced, with manufacturers mainly offering discounts and taking orders.

The market price of cyclohexane has slightly declined, with the mainstream price around 7133.33 yuan/ton, a 2.28% decrease compared to the same period last week. The mainstream manufacturer’s quotation range is maintained at around 7000 yuan/ton, and downstream procurement is on demand. The willingness to stock up is not strong, the demand is average, and upstream support is weak.

Chemical index: On December 11th, the chemical index was 874 points, a decrease of 3 points from yesterday, a decrease of 37.57% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 46.15% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Business Society’s cyclohexane analyst believes that in the short term, the cyclohexane market will mainly operate steadily, with a narrow and weak range.

Recent trends in urea prices

According to the Commodity Analysis System of Business Society, the domestic urea market prices have slightly declined this week, with urea prices dropping from 2601.67 yuan/ton at the beginning of the week to 2568.33 yuan/ton at the end of the week, a decrease of 1.28%, and a year-on-year decrease of 6.40% at the end of the week. On December 10th, the urea commodity index was 119.46, unchanged from yesterday, a decrease of 21.58% from the highest point in the cycle of 152.33 points (2022-05-15), and an increase of 114.86% from the lowest point of 55.60 points on August 17th, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)

Cost support is average, downstream demand weakens, and urea supply is sufficient

From the supply side perspective, the mainstream price of urea in China has slightly declined this week.

From the data of the upstream and downstream industry chains, it can be seen that there have been ups and downs in the urea upstream market this week. The price of liquefied natural gas has dropped significantly, from 5930.00 yuan/ton at the beginning of the week to 5734.00 yuan/ton at the end of the week, a decrease of 3.31%, and a year-on-year decrease of 20.29% over the weekend. The price of smokeless coal has significantly increased, with the price of Yangquan smokeless coal (washing medium block) increasing by 405 yuan/ton to 1505 yuan/ton over the weekend; The price of liquid ammonia has significantly increased, rising from 3813.33 yuan/ton at the beginning of the week to 4056.67 yuan/ton over the weekend, an increase of 6.38%, and a year-on-year decrease of 17.04% over the weekend. Upstream raw material prices fluctuate, providing moderate support for urea prices.

From a demand perspective: Agricultural demand has weakened, while industrial demand is average. Agriculture has entered the off-season. Composite fertilizer, board, and melamine enterprises generally start construction, with a focus on procurement for immediate needs. This week, the downstream price of melamine in urea slightly decreased, dropping from 7300.00 yuan/ton at the beginning of the week to 7250.00 yuan/ton at the end of the week, a decrease of 0.68%. From the perspective of supply, some enterprises have completed maintenance, resulting in a further increase in daily urea production and sufficient supply.

Slight fluctuation and decline in the future market

In mid to late December, the domestic urea market may experience a slight fluctuation and decline. Business Society urea analysts believe that the upstream urea market has ups and downs, and the cost support for urea is average. Downstream industrial demand is average, while agricultural demand is weakening. The daily production of urea is around 180000 tons, with sufficient supply. In the future, urea may experience a narrow range of fluctuations and decline.

According to the analysis system of the commodity market of Shengyishe, as of December 8th, the average price of high-quality rubber grade white carbon black in China was 5933.33 yuan/ton. This week, the market price of white carbon black remained stable, with the mainstream price currently around 6000 yuan/ton.

This week, the market price of white carbon black has remained stable, with the mainstream price around 6000 yuan/ton. The negotiation atmosphere is still good, and downstream demand is mainly for procurement, with average demand and weak stocking enthusiasm. Manufacturers mainly offer discounts and take orders, and the number of new orders is limited.

Chemical index: On December 7th, the chemical index was 876 points, unchanged from yesterday, a decrease of 37.43% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

Business Society’s white carbon black analyst believes that in the short term, the white carbon black market is stable, with a weak trend, and the mainstream price is around 6000 yuan/ton.

According to the Commodity Analysis System of Business Society, the operating rate of Shandong Isooctanol plant decreased in early December, but the downstream plasticizer market surged. The operating rate of the plasticizer industry increased, and downstream demand increased. Coupled with low inventory of Isooctanol manufacturers, the supply of Isooctanol was tight, and the market price of Isooctanol increased significantly. The price of isooctanol increased from 11500.00 yuan/ton on December 1st to 12750.00 yuan/ton on December 7th, an increase of 1250 yuan/ton, an increase of 10.87%, and a year-on-year increase of 37.10%.

On December 6th, the Isooctanol Commodity Index was 90.74, an increase of 4.42 points from yesterday, a decrease of 34.01% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 158.15% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)

Market situation: At the beginning of the month, the mainstream market price of isooctanol in Shandong Province increased significantly. Currently, the market for isooctanol in Shandong region is on an upward trend.

Recent operating rate of the isooctanol industry chain

Operating rate: At the beginning of the month, the operating rate of isooctanol units decreased, and the operating rate of isooctanol units in Shandong region decreased from 95% in November to around 92%. At the same time, isooctanol units in South China have not yet resumed, and inventory of isooctanol manufacturers is also at a low level, resulting in tight supply of isooctanol.

Cost side: Propylene market fluctuates and falls

In early December, the ex factory price of propylene fluctuated and fell. The price of propylene dropped from 7105.75 yuan/ton on December 1st to 7018.25 yuan/ton on December 7th, a decrease of 1.23% and a year-on-year decrease of 8.50%. The upstream market of isooctanol has slightly declined, with insufficient cost support, which has a negative impact on the price of isooctanol.

On the demand side, the DOP market has seen a significant increase

In early December, the DOP market price significantly increased. The price of DOP increased from 11450.00 yuan/ton on December 1st to 11958.33 yuan/ton on December 7th, an increase of 4.44% and a year-on-year increase of 21.53%. The downstream DOP market has significantly increased, with the operating rate of DOP manufacturers rising from 59% in November to 62% in early December. Downstream customers have increased their enthusiasm for purchasing isooctanol. The increase in demand side procurement provides stable support for the price increase of isooctanol.

In the future, the domestic isooctanol market may experience a slight fluctuation and increase in mid December. Although upstream propylene prices have slightly declined and cost support is average, downstream DOP prices have significantly increased, downstream operating rates have increased, and downstream manufacturers have increased their enthusiasm for purchasing isooctanol. Analysts from Shengyishe Isooctanol believe that in the short term, the Shandong Isooctanol market may experience slight fluctuations and gains due to various factors such as supply and demand, as well as raw materials.

According to the Commodity Market Analysis System of Shengyishe, the domestic ethanol market was operating weakly in November. From November 1st to 30th, the average price of domestic ethanol producers dropped from 6895 yuan/ton to 6787 yuan/ton, with a 1.56% decrease in price during the cycle and a 1.31% year-on-year increase in price.

At the beginning of the month, there was a significant difference in the operating rates of production enterprises between regions. However, downstream procurement was mainly in demand, inventory accumulation was severe, and the ethanol market was weak and consolidated, leading to an increased bearish sentiment in the market. In mid month, new downstream orders continued to be weak and did not show any improvement. There was an increase in supply, and transportation conditions in some areas were limited due to weather conditions; The demand side has not improved, and low-end transactions in the ethanol market prices. In the latter half of the month, the impact of snowfall weather in some areas on logistics delivery time and delivery prices has led to a weak consolidation of the ethanol market.

In terms of cost, as we enter mid November, the market volume of corn in the production areas continues to increase, and the domestic corn market supply continues to rebound. The new season of corn production has become a certainty, and downstream trading entities have a strong wait-and-see attitude. The demand for animal husbandry feed continues to be sluggish, coupled with the continuous arrival of imported corn to ports, the domestic corn market supply is relatively loose, and the overall price of corn in the market is under pressure and fluctuates weakly. The cost side of ethanol is influenced by bearish factors.

On the supply side, there is a significant difference in the operating rates of production enterprises in different regions, with 30.74% operating in East China and 89.10% operating in Northeast China; The operating rate in the southern and western regions is 11.52%. In the short term, domestic ethanol production in Northeast China is stable or slightly increasing, and small factories have plans to start production. The operating rate in East China fluctuates at a low level. The operating rate of coal to ethanol remains stable in the short term. The supply side of ethanol is affected by bearish factors.

On the demand side, most ethyl acetate factories will maintain normal production status in November. Other chemical essential procurement. The demand for Baijiu is average. The short-term demand for ethanol is mixed.

In the future market forecast, the cost is bearish, and there are significant regional differences in supply and demand. Another round of snowfall is approaching, which will affect the circulation speed of goods and the increase in freight rates in the main production areas of Northeast China. Ethanol analysts from Business Society predict that domestic ethanol will continue to be weak and downward in the short term.

According to the commodity market analysis system of Shengyishe, the spot price of styrene in Shandong Province rose first and then fell in November. At the beginning of the month, the spot price of styrene in Shandong was 8783.33 yuan/ton, and at the end of the month, the spot price of styrene in Shandong was 8416.67 yuan/ton, a decrease of 4.17%. The price has increased by 9.31% compared to the same period last year.

styrene

The market price of styrene fell in November. From the above chart, it can be seen that the price of styrene has been mainly declining since mid September, and the decline in the market this month is greater than the increase. The main reason for the decline is the decline in international oil prices and poor cost support. Currently, the supply and demand of styrene are deadlocked, and transactions are slow. It is expected that the short-term volatility and decline in the styrene market will be the main reasons.

In terms of raw materials, the price of pure benzene fluctuated and fell in November, with a price of 7913 yuan/ton on November 1st; On November 30th, the price was 7200 yuan/ton, a decrease of 9.01% from the beginning of the month and an increase of 10.05% from the same period last year. Holders actively sell, but downstream customers have a poor buying atmosphere. Affected by some unplanned parking news from downstream, market negotiations continue to decline. The Shandong refinery reported a significant drop in prices, but the magnitude of the drop was lower than market expectations, resulting in weak transactions.

In terms of downstream, the three major downstream markets of styrene experienced mixed fluctuations in November. At the beginning of this month, the average price of PS was 9650 yuan/ton, and at the end of the month, the average price of PS was 9700 yuan/ton. The upstream raw materials of PS have declined, and market confidence is insufficient. It is expected that the short-term domestic PS (polystyrene) price may mainly fluctuate downward.

According to the analysis system of the commodity market of Shengyishe, the price of EPS ordinary materials fluctuated and fell in November. The average quote for EPS ordinary materials at the beginning of the month was 10100.00 yuan/ton, and the average price for EPS ordinary materials at the end of the month was 10076.00 yuan/ton, a decrease of 0.23%. In November, domestic EPS prices were affected by the decline in costs, and it is expected that the domestic EPS market will mainly experience a narrow range decline trend.

The domestic ABS market trend in November was weak and consolidated. In late November, the overall performance of the upstream three materials of ABS was mixed, and overall support for the cost side of ABS was average. The petrochemical plant has maintained its early stage of operation, and supply pressure continues. The demand side consumption is poor, and merchants are often bearish about the future market. It is expected that the ABS market will struggle to overcome the supply-demand contradiction in the short term and may maintain a weak consolidation trend.

At present, crude oil has rebounded, but the low supply and demand of styrene spot has suppressed the rise of styrene, and it is expected that the short-term volatility of the styrene market will be the main trend.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the price of aniline has slightly decreased this week. On November 27th, the market price of aniline was 12750 yuan/ton, and on December 1st, the price was 12015 yuan/ton, a decrease of 5.76% from last week.

2、 Analysis and Review

Pure benzene: Yesterday, pure benzene had a slight upward trend in negotiations, but spot resource transactions were weak, and there was insufficient buying gas on the market. Transactions were mainly in the distant months. Shandong refineries have weak willingness to hold goods and have significantly lowered prices to promote shipments. After the price drop, the market’s buying sentiment improved, and a large number of low-priced goods were purchased to deliver orders within the week, resulting in better transactions. In late December, pure benzene in the night market was discussed to have risen to around 7050 yuan/ton, but crude oil initially rose and then fell before finally closing down. It is expected that pure benzene in East China will fluctuate and consolidate in the morning. On Friday (December 1st), the price of pure benzene was 7020 yuan/ton, a decrease of 8.29% from last week and an increase of 7.45% from the same period last year.

Nitric acid: The domestic price of nitric acid has slightly increased this week. On November 27th, the price was 2133 yuan/ton, and on December 1st, it was 2235 yuan/ton. The price increased by 6.42% compared to last week and decreased by 8.13% compared to the same period last year.

3、 Future expectations

The aniline market has a strong bearish atmosphere, with lower willingness to reserve downstream positions and a focus on essential purchases. It is expected that aniline will steadily decline.