1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 2853 yuan/ton on May 6th, and 2893 yuan/ton on May 14th. This week, the market price of 55% powdered ammonium phosphate increased by 1.40%.

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3883 yuan/ton on May 6th, and 3883 yuan/ton on May 14th. The market price of diammonium phosphate remained stable this week.

2、 Market analysis

This week, the market trend of monoammonium phosphate was relatively strong, with diammonium phosphate mainly consolidating. The price of raw material phosphate ore has increased, leading to increased cost support. Downstream demand for ammonium phosphate has increased, leading to tight market supply and rising prices. Some manufacturers have stopped selling due to insufficient supply. The market for diammonium phosphate is stable, with weak market demand and limited new transactions. As of May 14th, the market price of 55% ammonium powder in Hubei region is around 2850-2950 yuan/ton, and the factory price of 55% ammonium powder in Henan region is around 2900-3050 yuan/ton, with actual negotiations being the main focus. The outbound price of 64% diammonium in Shandong region is around 3820-4050 yuan/ton, and the outbound price of 57% diammonium is around 3520-3600 yuan/ton. The actual transaction is negotiable.

In terms of raw material phosphate ore. In the first week after the holiday, the overall phosphorus ore market in China saw a slight increase. After the holiday, the demand for phosphate ore in the terminal phosphate fertilizer market has improved, and the demand for phosphate ore has increased. In some regions of China, mining companies have improved their shipment pace, and the supply of mid to high end grade phosphate ore spot is tight. Therefore, some mining companies have raised the price of mid to high end grade phosphate ore narrowly after the holiday, with an increase of about 10-20 yuan/ton. As of May 14th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.

In terms of downstream compound fertilizers. After the holiday, the compound fertilizer market fluctuated and adjusted, and in the short term, the market sentiment is improving. The intention to raise prices has increased, and some companies are trying to raise their prices, but the follow-up on transactions is limited, and the market continues to digest previous orders as the main focus. High nitrogen fertilizers have been boosted by the rise in urea prices, resulting in a slight increase or suspension of orders in some areas.

3、 Future Market Forecast

According to analysts from Shengyishe Ammonium Phosphate, there has been an increase in inquiries in the monoammonium phosphate market recently, and the focus of transactions has shifted upwards. The demand for diammonium phosphate has performed poorly, and the market is weak and consolidating. It is expected that the price of monoammonium will continue to remain strong in the short term, while the price of diammonium will remain weak and consolidate.

According to the Commodity Market Analysis System of Business Society, the price of chloroacetic acid rebounded in mid May. As of May 13th, the price of chloroacetic acid was 3212 yuan/ton, an increase of 73 yuan/ton from last week’s 3139 yuan/ton.

In terms of raw materials: After the holiday, the market price of acetic acid continued to rise. As of May 13th, the price of acetic acid was 3397 yuan/ton, an increase of 192 yuan/ton from the beginning of the month, which was 3205 yuan/ton. The downstream PTA and EVA demand for acetic acid, as well as the export volume of acetic acid, have increased simultaneously. Under the resonance of supply and demand, the price of acetic acid has risen.

Downstream aspect: In April, downstream glycine production enterprises of chloroacetic acid were shut down for maintenance. The operating rate of glyphosate downstream of glycine was high, and glycine orders were considerable. The on-site market was tentatively rising.

Business Society Chloroacetic Acid Data Analyst believes that both supply and demand are strong, and the price of chloroacetic acid is rising. It is expected that the price of chloroacetic acid will maintain a range consolidation trend in late May, depending on the cost side and downstream demand trends.

According to the Commodity Market Analysis System of Business Society, from May 6th to 11th, the average price of cyclohexanone in the domestic market increased from 9662 yuan/ton to 9681 yuan/ton, with a price increase of 0.19% during the cycle, a month on month increase of 0.39%, and a year-on-year increase of 1.69%. The domestic price of cyclohexanone has been consolidating and running, with high fluctuations in pure benzene after the holiday, and the cost pressure remains unchanged. Downstream chemical fibers and solvents are mostly purchased on demand, with stable and abundant spot supply in the market. High priced shipments are hindered, and the market is undergoing consolidation and operation.

On the cost side, raw material pure benzene: The pure benzene market fluctuates at a high level. As of May 11th, the benchmark price of pure benzene for Shengyishe is 8758.83 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price trend of cyclohexanone, and the short-term cost of cyclohexanone is influenced by favorable factors.

On the supply side, according to the commodity market analysis system of Business Society, the domestic production capacity of cyclohexanone is about 7.14 million tons, and the current operating load is close to 70%, which is at a relatively low level. The operating load of cyclohexanone is 67.46%, with a weekly production of 105100 tons, which has increased compared to the previous week. The supply of cyclohexanone is affected by bearish factors.

On the demand side, cyclohexanone units are mainly equipped with downstream production of caprolactam, which is one of the main downstream sources of cyclohexanone. The price of caprolactam has risen, and there has been good demand in the downstream PA6 chip market recently. The prices of polymerization factory chips have risen and production has remained high, providing support for the demand for caprolactam. And currently, the difference between benzene and caprolactam is relatively low, and cost pressure still exists for caprolactam enterprises, leading to an increase in product prices. The demand for cyclohexanone is temporarily positive.

In the future market forecast, there will be significant cost pressure and average downstream demand. There is a slight expectation of a decrease in spot supply in the market. The cyclohexanone analyst from Shengyishe predicts that the domestic cyclohexanone market will be strong in the short term.

The domestic titanium tetrachloride market remained stable this week. According to the monitoring system of Shengyishe, as of May 9th, the benchmark price of titanium tetrachloride in Shengyishe was 10825.00 yuan/ton, unchanged from the beginning of this month.

Raw material side: The price of titanium concentrate is running at a high level, which puts pressure on the cost of high titanium slag enterprises. In addition, with the increase in electricity prices in Liaoning region, most production enterprises are losing money, and the market price of high titanium slag is under pressure and rising.

The downstream titanium dioxide market prices are weak and weak, and the current market trading situation is average.

Business Society’s titanium tetrachloride analyst believes that the high cost side of titanium tetrachloride is under pressure, and downstream titanium dioxide market prices are weak and weak, resulting in a cold trading atmosphere in the market. Recently, the titanium tetrachloride market has mainly stabilized and consolidated temporarily.

According to the commodity market analysis system of Business Society, the price of polyformaldehyde in Shandong has recently increased. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 4825.00 yuan/ton, and on the weekend, the average production price of polyformaldehyde in Shandong was 4850.00 yuan/ton, an increase of 0.52%, and a year-on-year decrease of 4.20%.

Upstream methanol situation: The domestic methanol market is mainly experiencing a narrow upward trend. In recent times, there has been little contradiction in the fundamentals of methanol. The inventory of mainland sample enterprises is relatively low, and there is not much pressure on their shipments. In addition, some enterprises are outsourcing, resulting in a relatively high market atmosphere. The overall market is mainly strong. Downstream MTBE: After Yuhuang starts construction, it will affect next week’s production, leading to an increase in MTBE demand; Downstream chloride: After the shutdown and maintenance of mainstream factories in Shandong, the equipment returned to normal, and the demand for chloride increased; The short-term domestic methanol market is mainly characterized by strong performance.

In recent times, the methanol market has shown an upward trend, and cost support is still acceptable. Downstream demand for procurement is maintained, and polyformaldehyde enterprises are arranging orders for shipment. Polyformaldehyde analysts from Business Society predict that prices may slightly increase.