Price Trend

According to the data from the business associations’list, the domestic adipic acid market has not changed much this week compared with last week. Most of the quotations of dealers have been lowered, and most of them are stable, ranging from 50 to 100 yuan per ton. By the end of the weekend, the quotation is generally between 8500 and 8700 yuan/ton.

II. Analytical Review

This week, the adipic acid market has stabilized. The market has experienced a small rebound in late July. At present, the market has stopped rising, the market performance has been weak, the market atmosphere is slightly cold, distributors are active in delivering products. The adipic acid market has risen and fallen within 100 yuan, the market has maintained a weak oscillation pattern, and the downstream market has a more wait-and-see mentality. Heavily, the transaction is slightly deadlocked, and there is room for business to concede profits. Social inventories are still under pressure, with shipments slightly lower than last week.

On the supply side, the market still shows a certain supply pressure, and many distributors say that the inventory pressure is high, the plant start-up rate is high, the market inventory and manufacturer inventory have increased. This week, distributors continue to pick up goods, so there are relatively low-cost sources flooding the market, product inventory has a certain bargaining space, the market. Price quotation and actual transaction still have price difference. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Maintaining stable market in most regions is the main reason.

In terms of demand, the downstream demand has not changed much compared with the previous period, and the downstream start-up rate is still slightly insufficient. The start-up rate is about 50%, which has not effectively boosted the upstream adipic acid, because the rebound of the previous market basically relies on the upstream pure benzol profit, driven by the cost effect, which belongs to the passive follow-up, and the current cost is profitable. The market gradually returns to rationality, and the market also enters the de-inventory cycle. According to the monitoring of business associations, the reference price of East China market is about 8500-8700 yuan/ton, while that of South China is generally between 8500-8700 yuan/ton.

3. Future Market Forecast

The analysts of adipic acid in Business Society Chemical Branch believe that the price has stabilized slightly at present and the supply and demand of adipic acid are basically in a balanced pattern. Therefore, Business Society believes that the market of adipic acid may continue to maintain a narrow adjustment pattern in the short term.

Price data

According to the data of business associations, the market price of sulphur in East China has a narrow downward trend this week. At the beginning of the week, the average price of granular sulphur is 860 yuan/ton. At the end of the week, the average price of granular sulphur is 810 yuan/ton, a decline of 5.81%, which is 25.38% lower than that of last year.

II. Market Analysis

Products: This week, the domestic sulphur market continued to be weak, and the price fell sharply. Within the week, refineries in various regions continued to decline according to their own shipments. As of September 9, the mainstream price of solid sulfur in Sinopec’s Shandong region was around 870-880 yuan/ton, the mainstream price of liquid sulfur was 710-770 yuan/ton, and the price was reduced by 30-50 yuan/ton; the mainstream price of solid sulfur in North China was 680-730 yuan/ton, the mainstream price of liquid sulfur was 650-690 yuan/ton, and the price of solid and liquid sulfur was reduced by 30 yuan/ton simultaneously. The mainstream price of solid sulfur in East China is 680-740 yuan/ton, while the mainstream price of liquid sulfur is 660-730 yuan/ton, and the price is reduced by 30-50 yuan/ton.

Industry chain: The price trend of the downstream sulfuric acid Market in Shandong rose slightly this week. The quotation rose from 225.00 yuan/ton at the beginning of the week to 227.50 yuan/ton at the end of the week, up 2.50 yuan/ton, up 1.11%, down 48.88% from the same period last year. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market transactions are limited, and the shipments of Shandong acid enterprises have improved slightly. However, considering the weakness of downstream ammonium phosphate market, Shandong smelting acid inventory is still at a high level, the contradiction between supply and demand in the market is still prominent, the demand is weak, and the business mentality is cautious.

Industry: At present, the domestic sulphur market demand performance is sluggish, there is no information guide inside and outside the plate, port storage consumption is slow, terminal market procurement enthusiasm is weak, the industry is bullish. In the absence of information guidance in the market and weak buyer intentions, market transactions remain cold and negotiations are difficult to improve.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information guidance, the enthusiasm of on-site negotiations is weak, the mindset of operators is mainly impasse, and the short-term sulfur market is expected to be downward consolidation.

On August 8, the rare earth index was 374 points, unchanged from yesterday, down 62.60% from the cyclical peak of 1000 points (2011-12-06), and up 38.01% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of Neodymium in rare earth metals is 387,500 yuan per ton, dysprosium metal is 2.3 million yuan per ton and praseodymium metal is 700,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 313,500 yuan/ton; dysprosium oxide is 1.95 million yuan/ton; praseodymium oxide is 390,000 yuan/ton; and neodymium oxide is 315,500 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 387,500 yuan per ton, and the average price of dysprosium and iron alloys is 1.94 million yuan per ton.

Recently, the prices of some products in the rare earth market have risen continuously, the domestic rare earth market has risen, and the prices of some commodities in the rare earth market have temporarily stabilized. However, the prices of some products in the rare earth market have continued to rise, dysprosium metals have warmed up, praseodymium and neodymium series products have continued to rise in the near future, the market supply is normal, and the prices of light rare earths are near. Expectations are higher. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under strict environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market input of rare earth oxides, especially some mainstream rare earth oxides, with normal supply and rising prices in the rare earth market. Recently, large enterprise groups in the field are reluctant to sell, and the rare earth market is on the rise, but the pricing of products is still high. Major manufacturers are also cautious.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is normal, and the trading market of the rare earth industry has increased.

Rare earth analysts of business associations expect that the domestic environmental stringency will not decrease in the near future, coupled with the domestic rectification of the order of the rare earth industry, Myanmar’s export restrictions and normal supply, but the recent increase in rare earth market transactions, rare earth market prices are expected to continue to rise.

According to the data of business associations, the average price of domestic coking coal market is 1600 yuan per ton. On August 6, the coking coal commodity index was 118.20, which was the same as yesterday. It was 2.74% lower than the cyclical peak of 121.53 points (2019-03-12), and 163.19% higher than the lowest point of 44.91 on January 28, 2016. )

On August 7, the domestic coking coal market as a whole remained stable, with a slight increase in some areas, a 20 yuan/ton increase in Luliang, Shanxi Province, and a temporary stabilization in the market price of Tangshan coking coal (coking concentrate) in Hebei Province. The mainstream price was about 1615 yuan/ton. The coking coal market was still open. The market price of coking coal (coking concentrate) in Handan, Hebei Province has been stable for a while. The mainstream price is about 1610 yuan/ton, and the coking coal market is still open. The market price of Huaibei (main coking coal) in Anhui Province is stable for the time being. The mainstream price is about 1530 yuan per ton. The coking coal market is still open.

Despite the peak power consumption in summer, the coal stock has increased, and the downstream boosted the coke market. However, since August 1, more than 1,000 cement enterprises in many provinces and cities across the country will start a new round of staggered peak shutdown, or have a certain impact on downstream demand. At the supply side, the impact of environmental protection inspection has been intensified. Inner Mongolia, Hebei and other areas have concentrated on inspecting open-pit coal yards, bringing certain supply benefits to the market. Short-term benefits at both ends of supply and demand boost the coking coal market, and business associations expect the coking coal market to stabilize and recover.

Price Trend

According to the price monitoring of business associations, as of August 6, the average price of domestic aggregated MDI market was 13,650 yuan/ton. The price rose by 10.08% annually and fell by 33.68% year on year. The overall market climate is relatively cold.

II. Market Analysis

Products: Domestic aggregated MDI market quotations remain stable, inquiries are cold, multi-empty game. Polymerization MDI factory discount supply, low price. However, the social inventory is still high, and the purchase intention of downstream is difficult. The pressure of middleman’s shipment keeps rising, but he has no choice but to concede profits. On the one hand, it restrains the price increase of the factory, on the other hand, it promotes the order delivery and reduces the inventory pressure. Considering that Cosmic Polymerization MDI was listed this week for implementation of 13500 yuan/ton, the short-term stabilization of the market is advancing.

On the market side, the aggregate MDI market in South China is weaker. On-site supply and demand contradictions are difficult to break, on-site delivery is cold, the pressure of the holders is high, the offer is loose, and the downstream mentality is cautious. In East China, the market of aggregated MDI is weak, the on-site delivery is cold, the mindset of the stockholders is weak, the single delivery is promoted, and the offer is weak. The social stock is too high, and the contradiction between supply and demand is still difficult to solve. In North China, the market of aggregated MDI is weak, and on-site trading is cold. Holders’offer declined and shipment pressure continued. Downstream demand-side transactions are general.

Industry chain: raw materials, pure benzene: Shandong pure benzene market is weak shocks, some refineries offer down 50 yuan/ton, the mainstream price is 4800-4900 yuan/ton, the actual single can still be negotiated. At present, downstream purchasing on demand, low-cost pure benzene acceptable intention. Aniline: Most of the aniline factories mainly deliver at a steady price. Some factories in East China only supply a small number of customers due to the shortage of spot. There is no pressure on the delivery for the time being, and the price has moved up narrowly. North China mainstream negotiation price reference at 5690-5720 yuan/ton. East China market mainstream reference 5950-6000 yuan/ton acceptance.

3. Future Market Forecast

Business Cooperative Perspective: Despite the dependence of on-site factory control mentality, the downstream full inventory will eventually restrict the upstream many, middlemen in the crack to survive, market empty game, business cooperative aggregate MDI analysts predict that short-term domestic aggregate MDI market digestion and consolidation, market volatility is narrow.

Since August, the domestic rare earth market has stopped falling and recovered. Since late June, the domestic rare earth market has witnessed a sharp decline. However, the price of rare earth market has turned a corner in August. According to the rare earth plate index of business associations, the rare earth index was 371 points on August 5, and the market of rare earth has recovered recently.

Since August, the domestic rare earth market has stopped declining and warmed up, the heavy rare earth dysprosium and terbium system has shown signs of rising, Myanmar has restricted the export of rare earth, the domestic supply pattern of heavy rare earth market has not changed, the domestic supply is still tense, the affected price has risen slightly, the recent price increase is about 4%, recent domestic policy benefits Fortunately, it is still fermenting, bringing some good expectations for the domestic heavy rare earth market.

Recently, the price of rare earth has rebounded. The price of praseodymium and neodymium products has risen by about 4.5%. The price of neodymium oxide and neodymium oxide has taken the lead in rising. However, the downstream demand for light rare earth has not improved significantly. A small number of downstream merchants replenish their products on demand. The actual transaction price is still at a low level, and the on-site wait-and-see mood is strong. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under strict environmental protection inspection, manufacturers control sales reasonably, but in the near future, they are greatly affected by external environment. They mainly benefit from the active distribution of new energy fields by mainstream automobile factories at home and abroad. The increasing number of new energy vehicles has brought some favorable support to the rare earth market. The price of domestic rare earth market is rising, but in the near future, the prices of domestic rare earth market are rising. Large conglomerates are also cautious about pricing their products.

Recently, the State Environmental Protection Department has not reduced its stringent inspection efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up situation, and the market trend is general. At the press conference held by the NDRC on the macroeconomic operation in the early stage, Meng Wei, spokesman of the NDRC, answered reporters’questions on rare earth, and said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and the national reserve.

Rare earth analysts from business associations expect that the domestic environmental protection inspection will not decrease in the near future, and the domestic order of the rare earth industry will be rectified. In August, domestic and foreign demand will improve, and the domestic rare earth market is expected to continue to rise in the short term.

First, the trend of the market:

According to statistics, the price of phthalic anhydride has risen this week. The price of phthalic anhydride this weekend is 5933.33 yuan. Tons, which is 2.30% higher than the price of 5800 yuan/ton at the beginning of the week and 15.69% lower than that of the previous year. The main stream of phthalic anhydride negotiation in Jiangsu is 5800-6100 yuan/ton. The spot supply in the market is normal. The naphthalene phthalic anhydride plant starts normally, and the current quotation is 5300-5500 yuan/ton.

II. Market analysis:

Products: Recently, the price trend of domestic phthalic anhydride market has risen, the opening rate of phthalic anhydride market is about 70%, and the price of phthalic anhydride market in East China has risen slightly. The manufacturers reflect the recent increase in orders and the price has risen. The downstream factories maintain just need to purchase, the inventory situation of factories is general, the high-end transaction is blocked, and the on-site neighbourhood method suppliers. Talking about the mainstream at 5700-6000 yuan/ton, Naphthalene method at 5300-5500 yuan/ton; Phthalic anhydride market in North China mainstream quotation at 5700-5800 yuan/ton, the market price rises, the quotation of enterprises has risen, downstream start-up is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot on-site. Supply is normal, the situation of goods is improving, some manufacturers raised their quotations, and the price trend of phthalic anhydride rebounded.

Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, has increased by 100 yuan/ton to 6000 yuan/ton. The actual market transaction price is 6000 yuan/ton. The quotation is temporarily stable and the port supply is general. The price of raw materials mixed xylene in the upstream of phthalic acid increased, the turnover of phthalic acid was normal, the stock of phthalic acid in the port was low, the quotation of external phthalic acid declined, the actual transaction price of imported phthalic acid was discussed in detail, and the upstream price trend was rising, which benefited the market price of phthalic anhydride. DOP prices in the lower reaches have risen by 3.19% this week. Recently, in the DOP market in Zhejiang, the quotation of merchants has risen to about 7300 yuan/ton. The price in the lower reaches is at a low level. The demand for upstream phthalic anhydride is limited, and the price trend in the phthalic anhydride market has risen.

Industry: Recent plasticizer industry trend has improved, terminal downstream demand increased, phthalic anhydride market price trend increased.

3. Future market forecast:

Recently, the price of phthalic anhydride in the upstream has risen slightly, the DOP market in the downstream has risen, and the market of plasticizer industry has improved. Business analysts believe that the market price of phthalic anhydride may rise slightly, with a price of about 6000 yuan/ton.

Price Trend

According to the monitoring data of business associations, the price of domestic chlorinated paraffin market fell first, then rose and then fell this month. At the beginning of this month, the average price of domestic chlorinated paraffin 52 first-class products was 5000 yuan/ton, and at the end of this month, the average price was 5000 yuan/ton. The price range fluctuated from top to bottom.

II. Market Analysis

Products: At present, the price of chlorinated paraffin 52 first-class products in South China is about 5000 yuan/ton, that of chlorinated paraffin 52 first-class products in Northeast China is 4600-5000 yuan/ton, that of chlorinated paraffin 52 first-class products in East China is about 5000-5500 yuan/ton, that of chlorinated paraffin 52 first-class products in Central China is about 5000-5500 yuan/ton, and that of Shandong is about 5000-5500 yuan/ton. Regional chlorinated paraffin 52 first-class products ex-factory quotation 4500-5000 yuan/ton.

Industry chain: The upstream liquid wax market is running smoothly without obvious fluctuation in price. The volume of new orders is average. The price of liquid chlorine is still stable, and some districts sell at a reduced price, which has no effect on the overall market.

Crude Oil: For the first time in 10 years, the Federal Reserve cut interest rates, EIA crude oil inventories fell for seven consecutive weeks, and international oil prices rose, but the decline in U.S. stocks restrained the increase. On Wednesday (July 31), WTI September 19 futures rose $58.58 a barrel to $0.53; Brent September 19 futures rose $65.17 to $0.45 a barrel. China’s SC crude oil futures main contract was about 1909 yuan 444.3 yuan per barrel, up 3.5 yuan.

3. Future Market Forecast

Analysts of chlorinated paraffin in business associations believe that the upstream market has stable prices and insufficient trading. The overall trading atmosphere in the current market is general. Demand for chlorinated paraffin in the domestic market is sluggish. Prior orders are dominant and market wait-and-see attitude is strong. It is expected that chlorinated paraffin prices will continue to be vulnerable to shocks in the later period.

Price Trend

The domestic dimethyl ether market rose steadily in July. At the beginning of the month, the average domestic dimethyl ether market price was 3095 yuan/ton, and at the end of the month, the average price was 3210 yuan/ton. The increase in the month was 3.72%, and the price fell by 30.29% compared with the same period last year.

II. Market Analysis

Product: In July, the market of dimethyl ether was stable before rising. The atmosphere of market transaction is general. As of July 31, the parking of Hebei Yutai dimethyl ether plant was not quoted for the time being, Henan Lankao Huitong Chemical Co., Ltd. was not quoted for the low level of dimethyl ether inventory, Henan Yima Xinyuan dimethyl ether plant failure was not quoted for the time being, Qinyang Shengxin Biotechnology Co., Ltd. was quoted for 3070 yuan/ton of dimethyl ether, Hebei Jichun Chemical Co., Ltd. The ex-factory price of methyl ether is 3220 yuan/ton, the ex-factory price of dimethyl ether of Shandong Dezhou Shengdeyuan Company is 3100 yuan/ton, and the ex-factory price of dimethyl ether of Shanxi Orchid Science and Technology Venture Co., Ltd is 3000 yuan/ton.

Industry chain: In July, the domestic methanol market continued to decline. At the beginning of the month, the price of methanol was 2178 yuan/ton, and at the end of the month, the price of methanol was 1974 yuan/ton. The price fell 9.36% in the month, 28.5% compared with the same period last year. In July, the domestic liquefied petroleum gas (Shandong) market suffered from twists and turns, and the overall decline was dominant. At the beginning of the month, the average price of domestic liquefied gas market was 3816.67 yuan/ton, and at the end of the month, it was 3716.67 yuan/ton. The price fell by 2.62% in the month, 13.58% compared with the same period last year.

In the first half of July, the market trend of dimethyl ether was weak, and the horizontal adjustment was dominant. The methanol market has fallen continuously, and the cost support is insufficient. In addition, the market is in the off-season, the terminal demand is slow, and the downstream supply is on demand, so the enthusiasm of entering the market is not high. However, the rise of crude oil and liquefied petroleum gas has supported the market to a certain extent. Most manufacturers adjust their prices narrowly according to the shipment situation. Until July 19, an explosion and ignition accident occurred in the C-set air separation unit of Yima Gasification Plant, Henan Gas (Group) Co., Ltd. The explosion did not involve major dangerous source tank areas, and the production units had been shut down. The overall inadequate start-up has an impact on the dimethyl ether market. There is a supply imbalance in the market and prices have risen sharply. However, with the driving of Shengxin dimethyl ether, supply pressure has been alleviated, the market trend of cost methanol and liquefied gas is weak, terminal demand is sluggish, prices rise and fall, and the market gradually returns to rationality.

Industry: According to the price monitoring of business associations, in June 2019, there were four kinds of commodities rising annually in the energy sector, one of which rose more than 5%, accounting for 6.3% of the monitored commodities in the sector; the top three commodities were WTI crude oil (5.02%), MTBE (2.46%) and coking coal (0.82%). There are 12 kinds of commodities with a decline of more than 5%, accounting for 31.3% of the monitored commodities in the plate. The products with the first three declines are petroleum coke (-8.44%), liquefied natural gas (-7.64%) and naphtha (-7.09%). This month’s average rise and fall was -3.07%.

3. Future Market Forecast

Dimethyl ether business analysts believe that: at present in the off-season, the market demand is insufficient. The trend of cost methanol and liquefied petroleum gas is weak and bearish market mentality. Lower market entry enthusiasm is not high, more on-demand procurement, manufacturers shipment situation is general. It is expected that the narrow adjustment of dimethyl ether market will be dominant in August.