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The latest information on bulk raw materials
macro
1. [Profits of industrial enterprises] According to the National Bureau of Statistics on June 27, from January to May, the total profits of industrial enterprises above designated size reached 2,754.38 billion yuan, a year-on-year increase of 3.4%. In May, the profits of industrial enterprises above designated size increased by 0.7% year-on-year, compared with 4% in the previous month.
2. [Yen] On the 27th local time, data from the Tokyo foreign exchange market showed that the exchange rate of the yen against the US dollar fell below 160.50 yen to 1 US dollar, reaching the lowest value in about 37 years.
3. [CPI] Russia's CPI rose 0.22% week-on-week in the week of June 24 (up 0.17% in the week of June 17), and CPI has increased by 3.82% so far in 2024 (the previous increase was reported at 3.59%).
4. [Consumer Confidence Leading Index] According to a report released by the German market research institute JFK on the 26th, the German consumer confidence leading index in July was negative 21.8 points, a slight decrease of 0.8 points from the revised data in June, interrupting the upward trend for four consecutive months.
5. [Freight] In recent years, the volume of waterway freight has reached a new high. In 2023, the mainland's waterway freight volume will reach 9.37 billion tons, exceeding the 9 billion ton mark for the first time. From January to May this year, the volume of waterway freight reached 3.86 billion tons, an increase of 7% year-on-year; The port's container throughput exceeded 130 million TEUs, a year-on-year increase of 8.8%.
6. [Passenger Cars] Passenger Car Association: From June 1 to 23, the retail sales of passenger cars in the passenger car market were 1.087 million, a year-on-year decrease of 12%, an increase of 2% over the same period last month, and a total of 9.16 million retail sales since the beginning of this year, a year-on-year increase of 3%; From June 1 to 23, passenger car manufacturers nationwide wholesaled 1.169 million units, down 9% year-on-year and up 11% from the same period last month, and a total of 10.753 million units wholesaled this year, up 6% year-on-year.
7. [New Energy Vehicles] Passenger Association: From June 1 to 23, the retail sales of new energy vehicles in the market were 534,000, an increase of 19% year-on-year, an increase of 7% over the same period last month, and a total of 3.789 million retail sales since the beginning of this year, a year-on-year increase of 32%; From June 1 to 23, the national passenger car manufacturers wholesaled 579,000 new energy vehicles, an increase of 23% year-on-year, an increase of 9% over the same period last month, and a total of 4.217 million wholesales since the beginning of this year, a year-on-year increase of 30%.
energy
1. [Crude Oil] On June 26, international crude oil futures rose slightly. The main U.S. WTI crude oil futures contract settled at $80.90 a barrel, up $0.07 or 0.1%. The main Brent crude oil futures contract settled at $84.47 a barrel, up $0.25 or 0.4%.
2. [Crude Oil] The U.S. Energy Information Administration (EIA) said on Wednesday that crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) rose by 1.3 million barrels last week, the largest increase since June 2020. Crude oil inventories in the government's emergency reserve rose to 372.2 million barrels in the week ended June 21, the highest since December 2022, according to EIA data.
3. [Crude Oil] The U.S. Energy Information Administration (EIA) said on Wednesday that U.S. crude oil and gasoline inventories rose last week, while distillate inventories fell. U.S. crude inventories rose by 3.6 million barrels to 460.7 million barrels in the week ended June 21, compared to analysts' expectations of a decline of 2.9 million barrels. U.S. gasoline inventories rose by 2.7 million barrels, while distillate inventories, including heating oil and diesel, fell by 400,000 barrels.
4. [Crude Oil] Japan Petroleum Association (PAJ): In the week ended June 22, Japan's commercial crude oil inventories increased by 58,000 kiloliters to 9.92 million kiloliters. Japanese gasoline inventories fell by 33,000 kiloliters to 1.84 million kiloliters.
5. [Crude Oil] Goldman Sachs: It is expected that by the end of 2025, NGL prices will rebound relatively and reach nearly 40% of the price of Brent crude oil in the US Gulf of Mexico by 2025; We expect petrochemical margins to be relatively below historical levels.
6. [Crude Oil] On June 25, local time, Venezuelan President Nicolas Maduro announced that the state-owned Petroleos de Venezuela has achieved its goal of producing 1 million barrels of crude oil per day, and stressed that the next goal to be achieved by Venezuela will be to increase oil production to 3 million barrels per day.
7. [Refined oil] The current round of domestic refined oil price adjustment window will be opened at 24 o'clock on June 27, and the retail price of refined oil will be raised soon.
8. [Coal] In May 2024, Indonesia's seaborne coal exports were 44.2354 million tons, an increase of 6.58% year-on-year and 4.45% month-on-month. From January to May, Indonesia exported a total of 215 million tons of seaborne coal, a year-on-year increase of 4.33%.
9. [Coal] In May, the national railway coal shipment volume was 230 million tons, a year-on-year increase of 0.7%; Among them, the shipment volume of thermal coal was 210 million tons, a year-on-year increase of 4.9%. From January to May, the cumulative coal shipment volume of national railways was 1.17 billion tons, a year-on-year increase of 1.4%; Among them, the cumulative shipment of thermal coal was 970 million tons, a year-on-year decrease of 0.5%.
10. [Thermal coal] In June, the domestic sea freight price of thermal coal fell sharply, the current freight from Qinhuangdao to Guangzhou fell by 21.43% compared with the price at the end of last month, and the freight from Jingtang/Caofeidian to Ningbo fell by 22.43% from the end of last month.
11. [Petroleum Coke] On June 26, Jiangsu Xinhai Petrochemical delayed the ex-factory price of petroleum coke (3B) by 1483 yuan/ton, down 50 yuan/ton from the previous trading day, with a sulfur content of about 2.44%, and the ex-factory price of delayed petroleum coke (4A) was 1383 yuan/ton, with a daily output of 750 tons of petroleum coke, and the company's shipments were normal.
12. [Methanol] It is reported that the 1.75 million tons/year methanol plant of Natgasoline in North America has successfully produced products and increased the load, and the current start has been increased to about 7-8 percent.
13. [Methanol] Recently, Jiutai Group and Honeywell held a signing ceremony for green methanol to sustainable aviation fuel (MTJ) in Beijing.
14. [Methanol] As of June 26, 2024, the total inventory of methanol ports in China was 790,300 tons, a significant increase of 100,700 tons from the previous data. Among them, the inventory in East China increased by 116,300 tons, and the inventory in South China decreased by 15,600 tons. This week, the inventory of methanol port accumulated significantly as scheduled, and 267,700 tons were included in the explicit outer ship cycle, and the unloading situation was smooth.
15. [Methanol] Yulin Coal Chemical (Kaiyue) On June 26, the starting price of methanol was reported to 2080 yuan/ton, and the quantity was 5000 tons, and the final price was 1000 tons, and the rest were all unauctioned. The plant's 700,000 tons/year coal-to-methanol unit is operating normally.
16. [Methanol] The starting price of methanol in Baotou Qinghua this cycle was reported at 1990 yuan/ton, and the quantity was 1500 tons, and the final 2023-2032 yuan/ton was all sold. The plant's 200,000 tons/year coke oven gas unit is running at reduced load.
chemical industry
1. [Toluidine] The Ministry of Commerce announced that the anti-dumping measures applicable to imported toluidine originating in the European Union will be reviewed at the end of the term.
2. [Lithium carbonate] It is reported that Jiangxi Jinhui Lithium Industry and Tianzhuo New Materials will carry out summer maintenance work on the lithium carbonate production line in stages and in an orderly manner from July 1.
3. [Liquid Soda] As of June 20, according to statistics from relevant institutions, the inventory of domestic liquid soda sample enterprises of 200,000 tons and above was 388,400 tons (wet tons), up 1.68% month-on-month and 7.02% year-on-year.
4. [Phenol ketone] It is reported that Longjiang Chemical's 350,000 tons/year phenol ketone plant is planned to be overhauled in August, with a maintenance duration of 20-30 days.
5. [Ethylene glycol] It is reported that an 830,000 tons/year ethylene glycol plant in the United States is being restarted, and it is expected to be discharged in the near future, and the device has been shut down since the beginning of December 2023.
6. [Ethylene glycol] On June 25, the inventory delivery in East China was as follows: about 6,400 tons of MEG were shipped in the mainstream reservoir area of Zhangjiagang; The MEG in the two mainstream reservoir areas of Taicang is about 4,200 tons.
7. [Styrene] On June 27, Shandong Lihuayi 8+720,000 tons/year plant produced normally, and the current sales volume was 9,350 yuan/ton, and the current price increased by 50 yuan/ton compared with the previous trading day.
8. [Styrene] On June 26, Shandong Wanhua Chemical 650,000 tons/year of new styrene plant was produced and sold normally, and the current sales in North China were 9,550 yuan/ton, down 150 yuan/ton from the end of last week, and 9,550 yuan/ton in East China, down 50 yuan/ton from the end of last week.
9. [Pure benzene] On June 26, two sets of pure benzene plants with a total of 600,000 tons of Dongying Fuhai Weilian Petrochemical were shut down for maintenance, and the current sales were 9,263 yuan/ton, down 20 yuan/ton from the previous trading day.
10. [Activated carbon] On June 26, the iodine value of Hebei Shunkang coconut shell activated carbon was 800 and the price was 8500 yuan/ton (including tax), and the current activated carbon production line is operating normally, with a monthly output of about 700 tons.
11. [Hydrogen peroxide] On June 26, the 200,000-ton hydrogen peroxide plant of Anhui Quansheng Chemical was started normally, and the price of 27.5% hydrogen peroxide was 1,000 yuan/ton.
12. [Isopropanol] On June 26, Zhangjiagang Kailing Chemical 100,000 tons/year acetone hydrogenation isopropanol plant was shut down, and 100,000 tons/year isopropyl acetate plant was shut down.
13. [Isopropanol] On June 26, the 50,000 tons/year acetone isopropanol plant of Detian Chemical in Dezhou, Shandong Province was shut down.
14. [Isooctanol] On June 26, Shandong Lihuayi's annual output of 140,000 tons of isooctanol plant started normally, and the ex-factory price of isooctanol was 9,650 yuan/ton, down 150 yuan/ton from the previous trading day, and the actual transaction price was mainly negotiated.
15. [Melamine] On June 26, Sichuan Meifeng melamine ex-factory price was 6,800 yuan/ton, and the plant had a production capacity of 50,000 tons and a daily output of about 160 tons.
16. [Diethylene glycol] On June 25, the total shipment of the two reservoir areas of Zhangjiagang was 1,486 tons, an increase of 166 tons from the previous day's delivery. Up to now, the inventory of the two warehouses is 39,600 tons.
17. [Diethylene glycol] On June 26, Sinopec East China diethylene glycol quotation was temporarily stable, Yangba Petrochemical price was 5,500 yuan/ton, and the median operation of 340,000 tons/year device; Shanghai Petrochemical quoted 5500/ton, 2# device shutdown; Yangzi Petrochemical quoted 5,500 yuan/ton, and the unit was not restarted; Most of the enterprises are mainly contracted goods, and there are few retail sources.
18. [Diethylene glycol] On June 26, the settlement price of Sinopec East China Yangzi BASF diethylene glycol in June was 5479.76 yuan/ton.
19. [PX] Sinopec paraxylene settlement price in June 2024 was introduced, with an implementation of 8,670 yuan/ton, which was 190 yuan/ton higher than the settlement price in May 2024 and 30 yuan/ton lower than the listed price in June.
20. [Acrylic acid] According to customs data, the export volume of acrylic acid and its salt from the mainland in May 2024 was 9224645 kg, an increase of 41.95% month-on-month.
21. [Epichlorohydrin] According to customs data, the import volume of epichlorohydrin in the mainland from January to May 2024 was 274917 kg, a year-on-year decrease of 41.53%.
22. [Titanium dioxide] According to customs data, in May 2024, China imported 9082.03 tons of titanium dioxide, an increase of 40.94% year-on-year and 34.12% month-on-month; Among them, the import of sulfuric acid titanium dioxide in May was 2194.52 tons, down 27.33% month-on-month; In May, the import of chlorinated titanium dioxide was 6887.52 tons, an increase of 83.60% month-on-month. In May 2024, China's titanium dioxide exports were 149,300 tons, down 5.14% month-on-month and up 3.22% year-on-year; Among them, the export of sulfuric acid titanium dioxide in May was 126,300 tons, an increase of 0.85% month-on-month; In May, the export of chlorinated titanium dioxide was 23,000 tons, down 28.48% month-on-month.
Rubber and plastic
1. [PET] Sanfangxiang Company latest report that Xingjia New Materials' "annual output of 1.5 million tons of green packaging new material project" has been fully put into operation, marking a big step forward for the company in this field.
2. [PP] Donghua Energy (Maoming) PP production unit has a production capacity of 400,000 tons/year, which is expected to last within 5 days.
3. [PP] Anqing Petrochemical PP production unit has an annual production capacity of 300,000 tons, which resumed operation on June 20 and is currently being shut down for maintenance again.
4. [PA6] On June 26, the polyamide 6 polymerization capacity of Wuxi Chang'an Polymer Materials Factory was 220,000 tons, and the current load was more than 9%.
5. [PVC] On June 27, the Inner Mongolia Junzheng PVC plant started up normally, and the device was running at full capacity. The ex-factory price of calcium carbide SG-5 is 5560 yuan/ton acceptance. The manufacturer's PVC production capacity is 700,000 tons.
6. [LDPE] On June 26, Shenhua Xinjiang's annual production capacity of 270,000 tons of LDPE plant, the parking time is planned to be July 10, 2024, and the driving time is planned to be July 31, 2024.
7. [LLDPE] On June 26, the PE unit of Daqing Petrochemical operated normally, of which the LLDPE unit with an annual production capacity of 80,000 tons produced 3711, and the full-density unit with an annual production capacity of 300,000 tons produced 6097; The annual production capacity of 250,000 tons of full-density equipment is 8,320 in the second line.
8. [HDPE] On June 26, Shandong Wanhua Chemical produced 7,042 full-density units with a production capacity of 450,000 tons and 23,050 HDPE units with a production capacity of 350,000 tons, both of which were operating normally, and planned to be shut down for maintenance in early July. HDPE 23050 is quoted at 8400 yuan/ton in South China, 8400 yuan/ton in East China, and 8450 yuan/ton in HDPE 7000F Shandong.
textile
1. [Cotton] According to the latest survey results of the national cotton market monitoring system, the actual sowing area of cotton in the country will be 40.833 million mu in 2024, a year-on-year decrease of 569,000 mu, or 1.4%.
2. [Cotton] In June, the national cotton market monitoring system increased cotton imports in 2023/24 by 450,000 tons to 3.1 million tons, cotton consumption by 100,000 tons to 7.9 million tons, and increased ending stocks in 2023/24 and 2024/25 by 550,000 tons to 6.79 million tons.
3. [Cotton] According to customs data, the mainland imported about 260,000 tons of cotton in May 2024, a decrease of about 80,000 tons month-on-month and a year-on-year increase of about 139.0%. In May 2024, the proportion of cotton imports from the mainland from the source countries, the import volume of U.S. cotton topped the list after four months, accounting for 54%, and Brazil ranked second, accounting for 41%.
4. [Cotton yarn] According to customs data, the mainland imported 120,000 tons of cotton yarn in May 2024, a year-on-year decrease of about 10,000 tons, or 9.0%.
5. [Cotton] Brazil will become the world's largest cotton exporter in 2023/24 due to a surge of more than 80% in shipments this year, according to the Brazilian Exporters Association (Anea), which has occupied the top spot in the United States for decades.
6. [Cotton] According to data from the Brazilian Secretariat of Foreign Trade (SECEX), from June 1 to 21, 2024, Brazil's cotton exports were 113,000 tons, compared with 60,000 tons in June last year.
7. [Cotton] In May this year, Brazil exported 233,200 tons of cotton, the highest level in history. From August 2023 to May 2024, Brazil exported a total of 2.283 million tons of cotton.
8. [Cotton Yarn] On June 26, some factories in the pure cotton yarn market area of Heze District, Shandong Province started about 8 percent, and some factories limited production, and the specific start time is to be notified, which is subject to factory news.
9. [Acrylonitrile] On June 26, the June settlement price of acrylonitrile of Fushun Petrochemical was 9,600 yuan/ton and sent to Shandong; Jilin Petrochemical acrylonitrile June settlement price of 9,600 yuan/ton sent to Shandong; Jiangsu Sierbang Petrochemical acrylonitrile June settlement price of 9600 yuan/ton.
10. [PTA] Hengli Petrochemical announced the PTA advance payment price of 6,100 yuan/ton in July.
steel
1. [Reinforcing bar] market supervision