According to the Commodity Market Analysis System of Business Society, the mixed xylene market has been declining recently (6.18-6.25). On June 25th, the benchmark price of mixed xylene was 7840 yuan/ton, a decrease of 0.76% from 7900 yuan/ton on June 18th.

Cost side: Recently, the crude oil market has continued to rise, and the tense geopolitical situation has resurfaced supply risks. The supply and demand situation is favorable for the oil market. In addition, with the continuous recovery of the Chinese economy and the peak oil consumption season in North America, multiple favorable factors support the upward trend of international oil prices. On June 20th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $81.29 per barrel, an increase of $0.58 or 0.7%. The settlement price of Brent crude oil futures main contract was reported at $85.71 per barrel, an increase of $0.38 or 0.4%.

Recently, the trend of the phthalic anhydride market has diverged, with neighboring phthalic anhydride operating weakly and naphthalene phthalic anhydride slightly rising. The continuous tight supply of naphthalene phthalic anhydride in the northern region has driven up the local market price of naphthalene phthalic anhydride. From the perspective of demand, it is still weak at present, especially in the recent continuous losses of ortho phthalic anhydride. The market expects that the weak demand pattern will be difficult to change in the short term. However, naphthalene phthalic anhydride has been boosted by tight supply, and the market price has maintained a high volatility trend, which will continue to remain high in the short term.

This week, the mixed xylene market has been operating weakly. As of the 25th, the mainstream quotation range for the xylene market in Shandong Province was between 7730-7750 yuan/ton in the morning, while the mainstream quotation range for the xylene market in East China was between 7750-7760 yuan/ton. The rise in crude oil prices has led to an improvement in market sentiment, but the downstream delivery capacity is limited, maintaining essential procurement and lacking demand support. This week, prices have remained stable and weak.

Market forecast: In the near future, crude oil prices will continue to rise, and finished oil products will soon face a new round of adjustment. Boosted by the rise of crude oil, there is a high possibility of an increase this time. Currently, the overall social inventory of xylene is low, and the good news still exists. However, the downstream delivery capacity is still weak, and the price of external MX has declined, which has a certain drag on the market. Overall, the market lacks downstream support and operates weakly.

According to the Commodity Market Analysis System of Business Society, the toluene market has been operating steadily recently (6.17-6.24). On June 24th, the benchmark price of toluene was 7600 yuan/ton, unchanged from the 17th.

Cost side: Recently, the crude oil market has continued to rise, and the tense geopolitical situation has resurfaced supply risks. The supply and demand situation is favorable for the oil market. In addition, with the continuous recovery of the Chinese economy and the peak oil consumption season in North America, multiple favorable factors support the upward trend of international oil prices. On June 20th, international crude oil futures rose. The settlement price of the main WTI crude oil futures contract in the United States was $81.29 per barrel, an increase of $0.58 or 0.7%. The settlement price of Brent crude oil futures main contract was reported at $85.71 per barrel, an increase of $0.38 or 0.4%.

The external market of p-xylene has decreased, and the support for toluene is weak due to the weak demand

This week, the comprehensive operating rate of domestic PX is about 83%. The price of xylene by Sinopec Sales Company is temporarily stable, and the current execution price is 8700 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Units such as Yangzi Petrochemical and Zhenhai Petrochemical operate stably, with stable production and sales. The external PX price has declined, with CFR China closing at $1039.67 per ton as of June 21, a decrease of $2.66 per ton from last week.

This week, the trend of the toluene market has been relatively stable, with Sinopec’s various enterprises operating normally, stable production of equipment, multiple products for self use, and stable production and sales. The prices quoted by enterprises have remained unchanged compared to the previous day, with prices quoted by East China Company at 7650 yuan/ton, North China Company at 7500 yuan/ton, and South China Company at 7650-7700 yuan/ton. The overall trend of the fundamentals is weak, with spot market prices slightly declining. As of the 24th, the mainstream quotation range in the toluene market in East China today is 7500-7530 yuan/ton, a slight decrease of 30 yuan/ton compared to the previous trading day. The market atmosphere remains weak, prices fluctuate narrowly, downstream demand remains weak, and actual negotiations are weak. At present, downstream disproportionation enterprises in the East China region are maintaining essential procurement, which provides certain support to the market. The market price difference has narrowed, and some export orders in the East China region have performed well. The market atmosphere has slightly improved, but overall it is still weak. In terms of demand, downstream suppliers maintain rigid procurement, with overall weak support and weak market trends

Future Market Forecast: Fundamentally speaking, there are still bearish expectations in the market, and downstream demand is generally weak. With some export orders supporting it, the overall strength is limited, and the market atmosphere is bearish. The expectations for oil adjustment and dismutation demand are also bearish. But there are maintenance plans for some toluene units on the supply side, and the supply is expected to tighten. Overall, the toluene market is mixed with both negative and positive factors, and it is expected that the short-term trend of range consolidation will be the main trend under the atmosphere of supply and demand competition.

1、 Price trend

Taking the sulfuric acid method rutile type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the domestic titanium dioxide market has been downward this week. The average price of titanium dioxide on Monday was 16116.67 yuan/ton yuan/ton, and on Friday it was 15966.67 yuan/ton, with a price reduction of 0.93%.

2、 Market analysis

The domestic titanium dioxide market continued to be weak this week. Overall, the international export situation is still good, while the domestic terminal market demand is poor. The titanium dioxide market continues to be weak, and there is a strong wait-and-see sentiment on the market. This week, some manufacturers continued to lower their factory prices, and overall, the market’s order acceptance situation remains weak. Purchasing is cautious, with a focus on just in need purchases. As of now, most domestic sulfuric acid based rutile titanium dioxide quotations are between 15400-16200 yuan/ton; The quotation for rutile titanium dioxide is around 14500-15300 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region continues to decline. Downstream titanium dioxide enterprises have a weak market situation, with poor market demand. There is a strong wait-and-see sentiment in the trading of titanium concentrate, and market procurement is cautious. As of now, the tax-free quotation for grade 38-42 titanium ore is around 1500-1550 yuan/ton, the tax-free quotation for grade 46 10 titanium concentrate is around 2200 yuan/ton, and the tax-free quotation for grade 47 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate may continue to operate weakly and steadily, and the specific actual transaction price will be negotiated separately.

Zhejiang Securities quoted EU documents today as stating, “The market expectation for this tariff policy in supermarkets is about 10% to 20%.”

3、 Future Market Forecast

Business Society Titanium Dioxide Analyst believes that currently, the price of titanium concentrate in the Panxi region has fallen, with weak support for raw materials and sustained weak downstream market demand. At present, the EU anti-dumping tax rate has not yet been implemented, and the market is cautious and watching. It is expected that the titanium dioxide market will remain weak and stable in the short term, and the actual transaction price will remain unchanged.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of ammonium sulfate in China was 886 yuan/ton on June 3rd, and 961 yuan/ton on June 7th. This week, the domestic ammonium sulfate market price increased by 8.46%.

2、 Market analysis

This week, the domestic ammonium sulfate market price has significantly increased. At present, the operating rate of coking enterprises is relatively low, and domestic enterprises are operating relatively steadily. This week’s increase in urea prices has boosted the nitrogen fertilizer market, driving up the ammonium sulfate market significantly. The mentality of buying up instead of falling downstream has increased, and the purchasing enthusiasm has increased. As of June 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 935 yuan/ton. The mainstream ex factory quotation for ammonium sulfate in Shandong region is around 980-1000 yuan/ton.

3、 Future Market Forecast

According to analysts from Shengyishe Ammonium Sulfate, the market price of ammonium sulfate has rapidly increased in recent days, and market trading has increased. Manufacturers are mainly hesitant to sell. It is expected that the domestic ammonium sulfate price will continue to be strong in the short term.

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price trend of anhydrous hydrofluoric acid in May first rose and then fell. Overall, the price remained stable. As of the end of the month, the market price of hydrofluoric acid was 11620 yuan/ton, which was the same as the price of 11620 yuan/ton at the beginning of the month, with a year-on-year increase of 16.03%.

Supply side: In May, the overall domestic hydrofluoric acid price remained stable, with little change in the operation of hydrofluoric acid plants. Some manufacturers of hydrofluoric acid had accumulated inventory, and the mainstream negotiated price for hydrofluoric acid in various regions in China was 11200-11700 yuan/ton. There were still units parked for market waiting, and the spot supply of hydrofluoric acid was normal. The operation of anhydrous hydrofluoric acid was around 60%. The price trend of hydrofluoric acid in May first rose and then fell.

Cost side: The domestic fluorite price trend increased in May, with an average price of 3806.25 yuan/ton as of the end of the month, and a price increase of 3.57% in May. The game situation in the domestic fluorite industry still exists, and overall, the operating rate of enterprises remains low. The main reason is the tension in upstream mining, with backward mines continuing to be phased out, and new mines still facing difficulties in mineral investigation. In addition, national departments need to rectify fluorite mines recently, fluorite mining enterprises are facing increasingly strict safety and environmental requirements, and some mines are undergoing safety hazard inspections. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has restricted the operation of fluorite enterprises. The supply of fluorite is relatively tight, and the fluorite market trend is rising. The cost support of the hydrofluoric acid market is obvious.

The price trend of upstream sulfuric acid market has declined, with an average domestic sulfuric acid price of 247.5 yuan/ton as of the end of the month, a decrease of 9.17% from the price of 272.5 yuan/ton at the beginning of the month. The upstream sulfur market of sulfuric acid has declined, and the cost price has declined. Downstream customers of sulfuric acid have low purchasing enthusiasm for sulfuric acid, and the price of sulfuric acid is weak and stable. The domestic hydrofluoric acid market price trend is temporarily stable.

On the demand side: In May, the prices of downstream refrigerants in the terminal increased, and the operating rate of the refrigerant industry did not change much. Recently, there has been an increase in dealer purchases, and the price trend of R22 has increased. The mainstream of negotiations is between 26000 and 28000 yuan/ton. The quota cycle in the refrigerant market has started, and it is difficult for enterprises to change their reluctance to sell. The sales situation of R134a in China is average, and the market situation in May is relatively stable. Currently, the market price of R134a refrigerant is mostly in the range of 31000-33000 yuan/ton, and the overall transaction in the refrigerant industry is still good. However, with the end of the refrigerant peak season, downstream refrigerant enterprises have weakened their purchases of hydrofluoric acid, and the domestic trend of hydrofluoric acid has fallen by the end of May.

Market forecast: In the near future, upstream raw material fluorite enterprises will face difficulties in starting production, fluorite supply will be tight, fluorite prices will still have support, and sulfuric acid prices will not change much; However, with the end of the peak season in the downstream refrigerant industry, the enthusiasm for purchasing hydrofluoric acid has weakened, and the game situation between upstream and downstream has intensified. In the later stage, the price of hydrofluoric acid has slightly decreased.