Last week, the chemical market was in a weak position.

The global economy has not substantially improved, and the chemical market continued its weak consolidation pattern last week. According to data from research institutions, the prices of phosphoric acid, mercury, cryolite, and cryolite topped the list last week, while prices of titanium dioxide, titanium dioxide, R22, and calcium carbide fell sharply.

According to the Shanghai Securities Information Survey, the price of phosphate rock and yellow phosphors in the early stage, and the impact of power transfer in some areas, the domestic phosphate market prices showed an overall upward trend after the holiday, and it is expected to continue to rise steadily in the future to ease corporate cost pressures and improve profitability. .

The statistics from the Changjiang Securities Research Institute also showed that last week's increase in phosphoric acid topped the list, while **, ethylene oxide, and cryolite had the same rise. **, titanium dioxide, R22, etc. fell sharply.

A report from Galaxy Securities showed that cryolite (Henan) rose 3.6% last week; PTA (East China) rose 3.3%. Larger declines included ** (East China), which fell by 14.3%; R22 (East China) dropped by 12.1%; yellow phosphorus (Chuantou Chemical Net Phosphorus) dropped by 11.3%; adipic acid (East China) fell. 10.7%; Dichloromethane (East China) dropped 8.3%.

Among them, the price of R22, which is the main raw material of refrigerants, fell to RMB 14,920 per ton last week, which was mainly affected by the pessimistic expectations of the global economy, weak downstream demand, drastic declines in raw materials, and the gradual resumption of driving after the completion of maintenance by various manufacturers. . Another refrigerant, R134a, was quoted last week at a stable price of RMB44,637/ton, but the actual transaction price has declined. The reason is that the demand for downstream air-conditioners and automobiles is still light, and the operating rate of various manufacturers is generally not high.

In addition, the price of synthetic rubber also generally fell last week, due to the continued decline in butadiene prices and continued weakness in the rubber market. Among them, styrene butadiene rubber (East China 1502) reported at 26,300 yuan / ton, down 7.7% over the previous week; butadiene rubber (East China) reported 30,000 yuan / ton, down 6.8%. Expected to be dragged down by natural rubber and raw materials, the price of synthetic rubber in the future market still has room to fall, but the rubber product sub-sector with reduced benefit costs may be given due attention.

Titanium dioxide was also the largest drop last week. Deben Securities analyst pointed out that due to the traditional off-season and the decline in demand to make the product price lose its pre-up power, the titanium dioxide continued to enter the decline after the holiday season and it is expected that the market outlook will continue to fall.

In terms of chemical fiber, the spot price of PTA rebounded after a week-long decline before National Day. According to the CICC report, PTA rebounded by 1% to 9,500 yuan/ton last week. The reason was that after the holiday period, the short-term profit was exhausted and the market mentality was fair, and downstream polyester manufacturers had replenishment demand. As for the raw material PX price is maintained at 13,000 yuan / ton. The current price difference between PTA and PX is 829 yuan.

In the chlor-alkali sector, the price of calcium carbide fell by 9% last week to 3,530 yuan/ton, and the price of PVC dropped by 6% to 7,195 yuan/ton. The downstream demand of PVC industry is generally sluggish, and some companies have been unable to withstand the pressure and stop.

Polyurethane segment showed no flourishing season, pure MDI prices fell 3% last week to 18,250 yuan / ton, poly MDI fell 2% to 13,900 yuan / ton level. The gap between pure MDI and aniline has narrowed to RMB 9,478/t.

“Since the overall economic environment is weak, downstream demand has continued to slump, and with Yantai Wanhua and Baier, etc., have lowered their listing prices, the MDI market's negotiation and stalemate status has been aggravated, and price reductions and shipments have appeared. With respect to raw materials, ** and aniline also remain weak and do not constitute support, said Gao Jun, an analyst at China National Gold Corporation.

He said that at present, the 300,000 tons of Wanhua Ningbo Phase I is still being overhauled, and the installation of Phase II and the old plant area is under normal operation; due to the sluggish market conditions, the device may have to continue to postpone construction.