Price trend

According to the commodity market analysis system of the business community, the price trend of sulfur in East China this week was weak and downward. On June 20, the price of sulfur was 796.67 yuan/ton, and on June 14, the price of sulfur was 833.33 yuan/ton. The price in the week decreased by 4.40%, 1.65% lower than that at the beginning of the month.

The sulfur market in East China is weak, the refinery units in the yard are operating normally, the supply of goods in the market is sufficient, the enterprises are mainly active in shipping, and the downstream parties are generally motivated to enter the market. A small number of purchases are followed up as needed, and the manufacturer’s shipment is not smooth, and the inventory is accumulated. In order to promote the shipment, the refinery reduces the price of sulfur and sulfur, and the focus of sulfur transaction continues to move downward. As of the 20th, the mainstream price of solid sulfur in refineries in Shandong Province was around 830-860 yuan/ton; The mainstream price of liquid sulfur is between 700-860 yuan/ton.

Downstream market of the industrial chain

The downstream sulfuric acid market is relatively strong. On June 20th, the average domestic sulfuric acid price was 196.00 yuan/ton, an increase of 5.38% compared to the price of 186.00 yuan/ton on June 14th. The operation of the on-site sulfuric acid plant is average, and the inventory of manufacturers remains reasonable. Some enterprises in Shandong region have maintenance plans, and market supply expectations have weakened. The mentality of operators is bullish, and the trend of sulfuric acid prices is sorting upward.

The market price of monoammonium phosphate has stabilized at a low level. On June 20th, the average market price of 55% powdered monoammonium phosphate was 2583.33 yuan/ton. On June 14th, the average market price of 55% powdered monoammonium phosphate was 2600.00 yuan/ton. During the week, the market price of monoammonium phosphate decreased by 0.64%. Downstream entry into the market follows closely according to demand, and there are relatively few new orders and transactions in the market. The mentality of the industry is pessimistic, and ammonium nitrate manufacturers are actively negotiating for shipment. The focus of ammonium nitrate transactions has slightly shifted downwards.

Future Market Forecast

Business Society sulfur analysts believe that sulfur enterprises have sufficient inventory, weak downstream demand, light market transactions, poor shipment from sulfur manufacturers, insufficient mentality of operators, and weak support in the sulfur market under the supply and demand game. It is expected that the short-term sulfur market will be weak and organized, and specific attention will be paid to downstream follow-up in the future.

1、 Price trend

According to the commodity analysis system of the business agency, the price of Isobutyraldehyde in the domestic market rose slightly this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market rose from 6566.67 yuan/ton at the beginning of the week to 6600.00 yuan/ton at the end of the week, up 0.51%. Over the weekend, prices fell 57.63% year-on-year. On June 18, the Isobutyraldehyde commodity index was 33.50, unchanged from yesterday, down 68.27% from the cycle’s highest point of 105.58 (2021-09-16), and up 11.22% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

From the supply side, the quotation of Isobutyraldehyde mainstream manufacturers rose slightly this week, and the inventory was low.

From the perspective of upstream and downstream industrial chains, the propylene market in the upstream raw material market of Isobutyraldehyde rose slightly this week, with the price rising from 6180.75 yuan/ton at the beginning of the week to 6230.75 yuan/ton at the end of the week, up 0.81%. Weekend prices fell by 21.71% year-on-year. The price of upstream raw material market rose slightly, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of Isobutyraldehyde. From the perspective of the downstream industry chain, the market price of Neopentyl glycol fell slightly, from 9766.67 yuan/ton at the beginning of the week to 9666.67 yuan/ton at the end of the week, down 1.02%. Neopentyl glycol market declined slightly, and downstream demand was weak, which had a negative impact on Isobutyraldehyde.

3、 Future prospects

In late June, the market trend of Isobutyraldehyde may fluctuate and fall mainly. Although the upstream propylene market rose slightly and the cost support increased, the increase was small and the support was limited. The downstream Neopentyl glycol market declined slightly and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts from the business agency believe that the short-term Isobutyraldehyde market may suffer a slight shock and decline, mainly due to the impact of supply and demand, raw materials and other aspects of the Isobutyraldehyde market.

The domestic acetic acid market is in a weak consolidation situation, with low raw material methanol prices and insufficient cost support. Acetic acid enterprises have no inventory pressure and maintain active shipments. Downstream performance is average, with low capacity utilization rate and limited demand for acetic acid. The main focus is on purchasing according to demand when entering the market. The market trading atmosphere is light, and under the supply and demand stalemate, the price trend of acetic acid is weak.

According to the commodity market analysis system of the business community, as of June 16, the average price of acetic acid in East China was 3133.33 yuan/ton, 1.05% lower than the price of 3166.67 yuan/ton on June 10, and 2.59% lower than the beginning of the month. As of June 16th, the market prices of acetic acid in various regions during the week were as follows:

Region/ June 9th/ June 16th/ Price fluctuations

South China/ 3075 yuan/ton/ 3025 yuan/ton/ -50

North China/ 2850 yuan/ton/ 2850 yuan/ton/ 0

Shandong region/ 2900 yuan/ton/ 2850 yuan/ton/ -50

Jiangsu region/ 3000 yuan/ton/ 2900 yuan/ton/ -100

Zhejiang region/ 3100 yuan/ton/ 3000 yuan/ton/ -100

The upstream raw material methanol market first fell and then rose. As of June 16, the average price in the domestic market was 2074.17 yuan/ton, which is a decrease of 0.04% compared to the price of 2075.00 yuan/ton on June 10. Futures prices rose, while raw coal prices first fell and then rose, bringing benefits to the methanol market. Downstream is in the traditional off-season, with weak demand performance. The methanol market is stagnant and consolidating, and the spot price of methanol is fluctuating.

The downstream acetic anhydride market is operating weakly. As of June 16th, the factory price of acetic anhydride was 5200.00 yuan/ton, a decrease of 0.48% compared to the price of 5225.00 yuan/ton on June 10th. Upstream acetic acid prices have fallen, acetic anhydride costs have decreased, acetic anhydride enterprises are operating normally, market supply is sufficient, downstream demand is average, market trading is weak, and acetic anhydride prices have declined.

In the future market forecast, acetic acid analysts from Business Society believe that due to the maintenance of acetic acid plants in some regions, the supply of acetic acid in the market remains rational. However, due to the recovery of maintenance manufacturers’ plants in the later stage, there is an expectation of an increase in market supply, while the downstream production capacity utilization rate is low. Downstream products maintain on-demand tracking, and demand support is insufficient. Under the supply and demand game, it is expected that the acetic acid market will fluctuate and consolidate in the later stage, and specific attention will be paid to the downstream follow-up situation.

Commodity Market: According to the Commodity Market Analysis System of Business Society, from June 2023 to present, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China has remained stable and slightly fluctuated, with a main price of around 14471 yuan/ton on the 1st and 14400 yuan/ton on the 12th, with a phased decrease of 0.49%.

As shown in the figure, the polyacrylamide market in China continued to decline slightly in the second quarter of 2023, with an increase in weekly decline in April. In May, the decline narrowed to price parity and then continued to decline again. Since June, the decline has continued to slightly increase. Manufacturers in China’s main production areas have normal production and sufficient supply, but downstream demand is average, and purchasing enthusiasm is poor. The situation of strong supply and weak demand continues.

Raw material acrylonitrile: According to the commodity market analysis system of the Business Society, the acrylonitrile market has experienced a slight fluctuation and decline since June. As of June 12th, the bulk water price in the acrylonitrile market was 8137 yuan/ton, a decrease of 5.65% from 8625 yuan/ton on the first day. The low consolidation of raw material propylene prices has weak support for acrylonitrile, and the downstream atmosphere is weak. The prices have decreased and the start of production has slightly declined; The supply side is relatively loose. But with the increase of parking companies, the downward trend of acrylonitrile has decreased.

Raw Material Acrylic Acid: According to the Commodity Market Analysis System of the Business Society, the acrylic acid market has been fluctuating and declining since June. On the 1st, high-quality acrylic acid in the East China market reported around 6050 yuan/ton, but on the 12th, it fell to 5900 yuan/ton, a decrease of 2.48%. Recently, raw material prices have fluctuated in a narrow range, with average cost support. Some factories and equipment on the supply side have adjusted their load, resulting in a slight decrease in industry operating rates. Downstream inquiries are generally enthusiastic, with weak demand and a weak focus on market negotiations. It is expected that the acrylic acid market may operate weakly and steadily in the short term.

Liquefied natural gas for production. According to the Commodity Market Analysis System of the Business Society, the domestic liquefied natural gas market has risen since June. Among them, the average price of liquefied natural gas in China on June 1st was 4416 yuan/ton, and on June 12th it was 3728 yuan/ton, a significant decrease of 15.58%. Recently, the trend of the domestic liquefied natural gas market has been dominant, with a strong market sentiment towards high prices. The bidding price for raw gas has increased, resulting in a positive cost side effect. It is expected that domestic liquefied natural gas prices will continue to rise in the short term..

Future Market Forecast: Since June, raw materials have been weak, fuel liquefied natural gas has been rising in stages, and the cost of polyacrylamide has been slightly supported compared to the previous period. However, the market supply is sufficient, and the prosperity of the water treatment industry remains low. Downstream demand is not good, and market transactions are poor. Regarding the future market, analysis suggests that polyacrylamide will continue to be stable, moderate, and weak.

1、 Price trend

According to the commodity analysis system of the business agency, the domestic market price of Isobutyraldehyde fell sharply this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market fell from 7166.67 yuan/ton at the beginning of the week to 6566.67 yuan/ton at the end of the week, a decrease of 8.37%. Weekend prices fell by 57.27% year-on-year. On June 11, the Isobutyraldehyde commodity index was 33.33, unchanged from yesterday, down 68.43% from the cycle’s highest point of 105.58 (2021-09-16), and up 10.66% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

From the supply side, the quotation of Isobutyraldehyde mainstream manufacturers fell slightly this week, and the inventory was low.

From the perspective of upstream and downstream industrial chains, the propylene market in the upstream raw material market of Isobutyraldehyde fell slightly this week, with the price falling from 6270.75 yuan/ton at the beginning of the week to 6255.75 yuan/ton at the end of the week, down 0.24%. A year-on-year decrease of 21.12%. The price of upstream raw material market fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of Isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of Neopentyl glycol fell slightly, from 10200.00 yuan/ton at the end of last week to 9800.00 yuan/ton at the end of last week, a decrease of 3.92%. Neopentyl glycol market declined slightly, and downstream demand was weak, which had a negative impact on Isobutyraldehyde.

3、 Future prospects

The market trend of Isobutyraldehyde in the middle and late June may fluctuate and fall mainly. The upstream propylene market has slightly declined, with insufficient cost support. The downstream Neopentyl glycol market declined slightly, and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts from the business agency believe that the short-term Isobutyraldehyde market may suffer a slight shock and decline, mainly due to the impact of supply and demand, raw materials and other aspects of the Isobutyraldehyde market.