According to the data monitoring of business agency, the average price of propane in Shandong market was 6963.25 yuan / ton on March 25 and 6488.25 yuan / ton on March 28, with a decline of 6.82% during the period, down 1.63% compared with March 1.

On the 28th, the domestic propane market fell sharply. Shandong propane market began to reduce the ex factory price at the weekend. On the 28th, it continued to fall, with a range of 100-200 yuan / ton. Although the rise of international crude oil prices has brought some support to the market, the market demand is weak, and it is expected that the propane market may still fall in the short term.

Price trend

According to the bulk list data of business society, the domestic PA66 market trend fell this week, and the spot prices of some brands decreased. As of March 25, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 31250 yuan / ton, with an increase or decrease of – 8.09% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the adipic acid market this week continued the decline of last week. While the supply side was relatively abundant, the terminal demand was still cautious and the transaction was not ideal, so it was difficult to support the adipic acid price to maintain a high point. The operating rate remains at a high level of 75%, and the reservoir pressure is obvious at present. The change of adiponitrile market is limited, but the start-up of adiponitrile domestic production line is approaching, there is bad news on the spot price in the short term, the level of port arrival is general, and the overall support effect on PA66 spot is limited.

The price of upstream raw material adipic acid is weak, the change of adiponitrile market is limited, and the cost side support of PA66 is poor. At present, the operating rate of the industry has little change from the previous period, and the load level of domestic PA66 enterprises is at a high level. The inventory position of the port is not high, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and have strong resistance to high price goods. In addition, the health incident affected domestic logistics and the production of individual downstream factories, the shipment fluency of merchants was poor, the transaction resistance in the venue increased, and the mentality of sellers was affected. The range of offer negotiation this week is still large.

Future forecast

Business analysts believe that the spot price of PA66 is weak this week. The improvement of adiponitrile market on the raw material side is limited, adipic acid Market weakens, and PA66 cost side support weakens. On the supply side, PA66 enterprises have high load and high inventory pressure in enterprises and midstream. The demand side has a deep resistance to the supply of high price goods, the on-site trading continues to be sluggish, and the market momentum is insufficient. It is expected that PA66 may maintain a weak market in the short term.

According to the data monitoring of business agency, the average market price of dimethyl ether in Henan was 4196.67 yuan / ton on March 23 and 4216.67 yuan / ton on March 24, with a single day increase of 0.48%, an increase of 10.10% compared with March 1.

On the 24th, the domestic dimethyl ether market continued to rise, the Henan market rose steadily, the Hebei and Shandong markets followed the rise, the price of raw methanol rose, and the rising cost brought some support to the market. In addition, the price of liquefied gas rose with the rise of international crude oil, the enthusiasm of downstream entering the market was ok, and the manufacturer’s mentality was strong. It is expected that the dimethyl ether market will still have room for rise in the short term.

1、 Price trend

Latest price (March 23): 8880 yuan / ton

Key points of analysis: on March 23, the average domestic spot price of pvc5 was 8880 yuan / ton, down 0.34% from the previous trading day and 0.5% year-on-year. Recently, due to the impact of public health events, the demand of downstream products industry has weakened, and the market focus has shifted downward. In addition, the price of raw materials has decreased, and the focus of PVC market has shifted downward. The actual transaction is mainly negotiation. At present, the price of raw calcium carbide is about 4400-4550 yuan / ton, and the price of PVC is 8700-9150 yuan / ton.

The PVC market is expected to fluctuate in a narrow range.

Trade name: cryolite

Latest price (March 22): 7475 yuan / ton

Key points of analysis: today, the cryolite market in Henan is temporarily stable, and the average production price in Henan is flat compared with yesterday. Affected by the international situation, the pressure of natural gas cost increases, the raw materials of cryolite are tense at the same time, the operating rate of cryolite is low, the manufacturer’s inventory is not under pressure, and the downstream demand is stable. The price market in a short time still needs to pay attention to the enterprise’s operation and downstream demand. At present, the market is in a wait-and-see attitude towards the future market.

Future forecast: wait and see the cryolite market and pay attention to the market supply.