Chemical Industry Research Report Week 21

——Crude oil: rising for four weeks in a row, increasing the scale of global production reduction, which has also eased the pressure of oversupply. In addition, the blockade measures of various countries have gradually been lifted, and oil demand has rebounded significantly. The EIA report that as of May 8th, crude oil inventories fell It was 700,000 barrels, which was the first drop in business inventories in 16 weeks.

——Chemical products are driven by cost, and the prices of PVC, DOTP, PX, polyester POY and ethylene have increased significantly.

Polyurethane: Pure MDI prices bottomed out, and polymerization MDI weakened. Polymerization MDI: This week, the domestic polymerization MDI market declined weakly. The factory continued to control shipments, and the supplier's mentality of keeping prices up did not diminish; however, the downstream raw material inventory was slowly digested. The domestic pure MDI market pushed up sharply, and the supply of several Shanghai enterprises was tight;

Propylene oxide: The domestic propylene oxide market was down in a narrow range. The factory started operation except for individual parking. The overall supply was stable, but the downstream polyether new orders continued to be poor.

Chemical fiber: The pressure on polyester stock is eased, and the new 30,000-ton spandex production line is put into production. The production and sales of POY are relatively hot this week, and the pressure on the factory ’s stock has eased. The current POY stock is 5-13 days; PTA: short-term emergency with several devices Accidentally, PTA temporarily entered the small destocking channel, but several devices that were originally to be repaired in June were delayed.

Spandex: The overall start of spandex was about 81%, a slight decline. A new plant with a capacity of 30,000 tons was officially put into production; spandex stock was 46 days, and the overall stability was high. Viscose staple fiber: The industry operating rate decreased slightly this week, some factories began to rotate inspections, the new unit production and sales rate is not high, and the current inventory is 51 days.

Fertilizer and pesticide:

——Urea: The market is mainly stable. The domestic daily output this week is 161,200 tons, a decrease of 0.06 million from the previous month, and the supply is ample. Monoammonium: Affected by the rising price of sulfur, some companies gradually increased their willingness to set prices; Diammonium: The national average construction started at 57.76% in one week, and that in Southwest China started at 53.05%, a slight decline from last week. No fluctuations.

——Pesticides: Glyphosate producers maintain relatively high-load construction, the market inquiry is relatively light, and new orders are relatively small; glufosinate: Hubei intermediate producers gradually resume construction, glufosinate production is gradually raised, and buyers Purchasing more on demand; imidacloprid: Purchasing demand has weakened and producers have started construction steadily. Substitute manganese zinc: India will be unsealed in mid-May, which is detrimental to the future generation of manganese zinc market. Pyraclostrobin prices have been lowered.

Refining: Refining profits have dropped, and propylene ethylene prices have rebounded. Refining: Singapore ’s cracked gasoline prices have poor profitability, but are gradually recovering; crude oil prices are gradually rising, and gasoline and diesel prices have risen much lower than crude oil. Domestic refining profits have declined.

——Propylene: Propylene has risen with crude oil, but the price of polypropylene has increased slightly.

——Ethylene: The price of ethylene has rebounded, and the ethylene-ethane price difference has picked up, but the profit is still at a low level; the naphtha route ethylene currently has a greater competitive advantage.

Other key varieties: Silicone, acrylic, and fluorinated chemicals bottomed out—polycarbonate: At present, the raw material bisphenol A remains strong, and the PC cost support is acceptable, but there is no obvious improvement in downstream demand.

——PVA: The export market is extremely weak. At present, the lowest price of calcium carbide method PVA1799 has been reported to 8500 yuan / ton, and the stock of enterprises is high.

——Titanium dioxide: The price of titanium dioxide is weakly adjusted, and the low price continues to decline.

——Acrylic acid prices are rising and profits are good. At present, the acrylic acid market demand is average, but the spot supply is limited, coupled with the obvious upward trend in the raw material propylene market, the cost support is strong.

——Silicone: This week, the domestic silicone market has a tight supply, the downstream orders have increased, the start of business is low, and the production of large factories is obviously reduced. At present, some enterprises have once again closed the market without reporting operations.

——Methionine: The price of methionine continued to fall. Xinhe Cheng ’s Shandong methionine production line is scheduled to be commissioned for 100,000 tons in the near future. The Hebang biomethionine production line is expected to be commissioned in May-June. State Bio and Ziguang increase production.

——Lysine: Due to the continued strong price of lysine raw materials, the production costs of manufacturers increased, and Dacheng's resumption of production plan was postponed to June. Due to the price increase of corn and the increase of freight rates, amino acid factories have successively increased their quotations.

——Fluorinated chemicals: Recently, the market of fluorite acid grade fine powder has declined slightly, and the actual transaction decline has slowed down. The start of fluorite enterprises has dropped to around 27%, and the main accumulated stocks of production enterprises are mainly; R22 market has slightly recovered, and the current air-conditioning Although channel inventory is still high, the weather is getting warmer, the after-sales market is gradually starting, and traders' willingness to take goods is rising. Refrigerant R134a market is operating weakly, part of the quotation has dropped reasonably, and the supply of supply in the market is relatively sufficient.

Source from stocke