I. price trend

According to the data monitoring of the business agency, as of October 30, the main quotation of domestic n-propanol dealers is around 10500-11400 yuan / ton (including tax in barrels), and the main quotation of imported n-propanol traders is around 11100-11600 yuan / ton (including tax in barrels).

II. Market analysis

Products: since the beginning of September, the quotation of domestic n-propanol distributors according to the data monitoring of the business agency has been basically stable, and the quotation of individual distributors and manufacturers that are not within the monitoring scope has slightly increased since the National Day in October. At present, as of October 30, the domestic Nanjing Rongxin Chemical Co., Ltd., the normal operation of the n-propanol production device, and the n-propanol (content ≥ 99.5; etc.) Grade: excellent;) the ex factory quotation is 9600 yuan / ton, which is 300 yuan / ton higher than that on September 30. At present, the demand atmosphere in the downstream of the n-propanol market is general, the market is slightly weak, the manufacturer’s production is tight, and the quotation is stable, medium and small. Shandong fengcang Chemical Co., Ltd. sells n-propanol (content ≥%): 99.5; grade: superior; barreled) with the reference price of 10500 yuan / ton, which is basically the same as the price in September. Recently, the market of imported n-propanol is basically stable, and the reference price of individual traders has been increased by 500 yuan / ton. As of October 30, the reference price of imported n-propanol market is around 10600-11600 yuan / ton (barreled: 165kg). Due to the different requirements of the merchants for profits, the price difference is large, and the price is only for reference.

Industry chain: at present, the market price of propylene oxide, the upstream product of n-propanol, is in a declining state. The inventory pressure of propylene oxide plant is not large, the procurement enthusiasm of the downstream polyether is general, and the market supply and demand are basically balanced. On October 30, the cash delivery price of Shandong mainstream market of Wanhua Chemical Co., Ltd. was 9900 yuan / ton, and that of East China mainstream market was 10200 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9900 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 9650 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 9700 yuan / ton, which is delivered by cash.

III. future forecast

According to the prediction of the business agency, it is expected that the overall price fluctuation of n-propanol market in November will not be too large due to the impact of downstream demand, and the stable consolidation and operation will be the main factor.

I. price trend

According to the data in the business club’s large list, as of October 28, the market price of propylene oxide fell, with an average price of 9966.67 yuan / ton, down 0.33% compared with that on October 25, and the mainstream price of propylene oxide in China was 9800-10200 yuan / ton on October 28.

II. Analysis of influencing factors

Product: the market price of propylene oxide fell on the 28th. At present, the inventory pressure of propylene oxide plant is not large, the purchasing enthusiasm of downstream polyether is general, and the market supply and demand are basically balanced. On December 28, the cash delivery price in Shandong mainstream market of Wanhua chemical was 9900 yuan / ton, and that in East China mainstream market was 10200 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9900 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 9650 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 9700 yuan / ton, which is delivered by cash.

Industrial chain: on the 28th, the market price of the upstream propylene in Shandong remained stable. At present, the market turnover is about 7350-7550 yuan / ton, and the mainstream price is 7350 yuan / ton. Now the crude oil market continues to improve, driving up the propylene market price. There is temporary shutdown of upstream units, and the starting load of some downstream units is increased, and the market supply is tight. Although the price was stable on the 28th, it is expected that the market price of propylene may still have room to rise in recent days. 28 lower polyether market horizontal consolidation wait-and-see. On the 28th, the downstream n-propanol kept stable operation.

3. Future forecast:

According to the propylene oxide analyst of the business club, the upstream raw material price continues to be high, which is a good support for the cost of propylene oxide. However, the overall demand in the downstream is limited, and the users purchase on demand, so the confidence in the site is insufficient. It is expected that the short-term propylene oxide market will be dominated by weak consolidation, and more attention should be paid to the upstream and downstream mainstream market.

I. price trend:

On October 26, crude benzene commodity index was 63.68, flat with yesterday, down 51.70% from 131.84 (2013-01-28), the highest point in the cycle, and up 62.24% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

II. Market analysis:

This week (10.21-10.25), the domestic crude benzene market was slightly lower. The average price in the domestic market was 4080 yuan / ton at the beginning of the week and 4066.67 yuan / ton at the end of the week, down 0.33%.

Domestic market: domestic crude benzene market this week interweaves with many empty markets, and the market trading atmosphere is stable. The price of pure benzene rose slightly in the late last week, which gave a certain boost to the market. This week, the price of pure benzene rose slightly, and the start-up of hydrogenated benzene enterprises was relatively stable, with high enthusiasm for crude benzene procurement and active on-site negotiations. This week, Shanxi’s offer rose to 3850-3920 yuan / ton, while Shandong’s offer rose to 4080-4100 yuan / ton, reducing the supply of low-level goods in the field. In general, there are good news and bad news in the field. The news of environmental protection and production restriction in heating season has not been confirmed. At present, coking enterprises have good enthusiasm for starting work and little pressure.

Industry chain: crude oil: pure benzene: at the beginning of this week, the pure benzene market was affected by forced air and the spot supply in East China was tight, with the price up. Near the end of the weekend, the shortage of replenishment ended, the market mentality turned to prudence, and the price weakened.

3. Trend forecast:

In the short term, it is expected that the trend of narrow range shocks will prevail.

I. price trend

According to a large number of data in the list of business agencies, the market price of propylene (Shandong) rose after a small drop in recent days. At the beginning of the week, the average price of enterprises is 7287 yuan / ton, and at the end of the week, the average price of enterprises is the weekly high price, at 7354 yuan / ton, with a weekly increase of 0.92%; at Tuesday and Wednesday, the weekly low price is 7269 yuan / ton, with a weekly amplitude of 1.17%.

II. Analysis and comment

Product: it is the National Day holiday at the beginning of October. Due to the impact of the policy of limiting production and operation, the price of propylene during the holiday has been generally stable, with occasional downward trend. After the end of the policy, most of the initial prices remained stable. On the 10th and 11th, the prices of the enterprises rose. On the 12th, the prices stabilized. On the 13th, 14th and 15th, they all rose slightly. On the 16th, they were stable. On the 17th, most of the enterprises began to decline. On the weekend, they fell significantly. The market continued to decline until the 22nd. Today, the prices rose again by about 50 yuan / ton. At present, the market turnover is about 7300-7550 yuan / ton, and the mainstream prices are around 7300-7550 yuan / ton. At 7300 yuan / ton.

Industry chain: in the upstream, influenced by the further production reduction of major oil producing countries and the decrease of commercial crude oil inventory in the United States, the international oil price has increased significantly in recent days, which has a strong positive effect on propylene market. In the downstream, the downstream units in Shandong gradually recovered, the operating rate increased slightly, and the shipment was smooth, which also supported the propylene market.

Recently, PP spot market fell slightly, with a weekly decline of 1.34%, slightly suppressing propylene.

The domestic acrylic acid demand is weak in recent days, and the market inquiry volume is small. This week, the price dropped by 1.33%, which also has a certain suppression effect on the propylene price.

Propylene oxide has declined several times in recent days, with a weekly decline of 2.91%. The market is weak, which is bad for propylene market.

Epichlorohydrin prices rose sharply again this week, up 8.05%, which has a certain effect on propylene market.

In recent days, the n-butanol market has been affected by the support surface, maintaining a weak stability and consolidation, and the price has not fluctuated.

The price of octanol fell slightly this week, with little impact on propylene.

Isopropanol prices continued to decline this week, down 3.30%, on the propylene market has a negative impact.

Phenol Market slightly fell 1.02% this week, and the downward trend began to slow down, with little impact on propylene.

Acetone market fell this week and also had a correction, although the weekly decline was 5.18%, but the market rose slightly in the second half of the week, weakening the negative impact on propylene market.

III. future forecast

According to the propylene analyst of the chemical branch of the business society, in general, the propylene market began to callback recently. The crude oil market has increased significantly; the downstream units have recovered, the operating rate has increased, and the negative impact has weakened, so it is expected that the propylene market price may still have room to rise in recent days.

I. price trend

According to the data monitored by the business club, the PC market price is weak and down. As of October 24, the self raised price in East China market is 14300-17000 yuan / ton, and the middle and high-end negotiation is 16500-17900 yuan / ton.

II. Cause analysis

Domestic PC manufacturers have continuously and substantially reduced the factory price, which has depressed the overall market mentality. Although the current PC price has gradually approached the lowest position in history, under the background of fierce supply and demand contradiction, most of the operators have no expectation of bottom reading and are cautious to wait and digest the inventory. Generally speaking, the market mentality and manufacturer operation will continue to dominate the market in the near future, and the decline pattern will continue. Today, the price of injection grade low-end materials in East China market is 14300-17000 yuan / ton, and the price of middle and high-end materials is 16500-17900 yuan / ton.

On October 23, the rubber and plastic index was 679, down 4 points from yesterday, 35.94% from 1060 (2012-03-14), the highest point in the cycle, and 17.88% higher than 576, the lowest point on December 21, 2015. (Note: cycle refers to 2011-12-01 to now)

III. future forecast

PC analysts of business club believe that the domestic PC market will maintain a slow downward trend in the near future.

On October 22, the hydrogen peroxide commodity index was 165.94, unchanged from yesterday, down 23.52% from 216.98 (2017-12-24), the highest point in the cycle, and up 131.31% from 71.74, the lowest point on August 3, 2016. (Note: cycle refers to 2011-09-01 to now)

According to the monitoring of the business agency: since October, hydrogen peroxide has ended the downturn in September, rebounded to the bottom and ushered in a sustained and soaring market. From the end of the holiday, it has been singing all the way. As of October 23, the average price of 27.5% hydrogen peroxide is 1526 yuan / ton, an increase of 30.48%. Compared with July 25, the price of three-month hydrogen peroxide is more than 50%, showing a soaring market.

quotations analysis

In October, the hydrogen peroxide manufacturers stopped for maintenance one after another, and the manufacturers in Tianjin, Shanxi, Shandong and other places carried out parking maintenance one after another. In the middle of October, Zhengyuan chemical fertilizer plant in Hebei Province was overhauled, and its operation was resumed in early November. September is the traditional peak season of hydrogen peroxide consumption, but the peak season performance is not good. In October, hydrogen peroxide manufacturers stopped for maintenance, the supply was tight, the terminal rigid demand increased, and the manufacturer’s price was very serious. They increased the ex factory price of hydrogen peroxide one after another. The daily price increase of hydrogen peroxide reached 100 yuan / ton. After 20 days of price increase, the average market price broke through 1500 yuan / ton, and some regions rose to 1600-1700. Yuan / ton.

On March 23, hydrogen peroxide Market in various regions continued to run at a high level. The ex factory price of 27.5% hydrogen peroxide in Zhengyuan fertilizer Co., Ltd. in Hebei Province was 1500 yuan / ton, 350 yuan / ton higher than that at the beginning of the month. The price of Anhui Jinhe 27.5% hydrogen peroxide is 1700 yuan / ton, 200 yuan / ton higher than that at the beginning of the month; Anhui Quansheng 27.5% hydrogen peroxide is 1600 yuan / ton, 200 yuan / ton higher than that at the beginning of the month. The price of 27.5% hydrogen peroxide of Luxi Chemical Co., Ltd. in Shandong Province is 1500 yuan / ton, 350 yuan / ton higher than that at the beginning of the month; the price of 27.5% hydrogen peroxide of Haineng is 1580 yuan / ton, 300 yuan / ton higher than that at the beginning of the month; the price of 27.5% hydrogen peroxide of Hangzhou Mingxin is 1600 yuan / ton, 100 yuan / ton higher than that at the beginning of the month.

Industrial chain

Paper: in October, the price increase letter of corrugated base paper in the hydrogen peroxide terminal paper industry was frequently sent, with a general increase of 50-100 yuan / ton. The reasons for the price increase of paper mills are mainly due to environmental factors and the rising cost of waste paper. Driven by the “golden nine silver ten” market atmosphere, the downward trend is relatively good, and the price of corrugated base paper is nearly 4% higher than that at the beginning of October. Paper market support, hydrogen peroxide manufacturers full of confidence, prices continue to go up, rising.

Caprolactam: different from the rise of paper, as the terminal of hydrogen peroxide, the market of caprolactam did not rise as expected, and the rise of hydrogen peroxide could not help it out of the dilemma, but was depressed by the fall of cyclohexanone, the main upstream raw material, and the price performance continued to be poor. In mid October, the price began to fall, and the overall price fell by more than 2%, which to some extent dragged down the hydrogen peroxide Market. After the sharp rise of hydrogen peroxide manufacturers, they gradually stabilized.

Outlook for the future

Hydrogen peroxide analysts of the business club think: after this wave of manufacturers’ parking and maintenance, the performance of the terminal paper industry is OK, and the market of hexanolenediamine is not good. On the whole, the space for hydrogen peroxide surge in the future is limited, and the high-level oscillation is mainly sustained.

I. price trend

According to the data of the commodity list of the business association, the formaldehyde Market in Shandong recently fell. The average price of formaldehyde at the end of last week was 1280.00 yuan / ton, and the average price of formaldehyde on the 22nd was 1170.00 yuan / ton, down 8.59%. The current price is 23.28% lower than last year.

II. Market analysis

Products: the price of formaldehyde in the domestic market has fallen. As of the 22nd, the mainstream factory price in Hebei is about 1140 yuan / ton, the mainstream factory price in South China is about 1200 yuan / ton, the mainstream factory price in Shandong is 1100 yuan / ton, and the mainstream factory price in Jiangsu is 1400 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock up, formaldehyde Market Trading atmosphere is cold, prices all the way down.

Industry chain: the upstream methanol is continuously pressurized by the port inventory, and the subsequent pressure to go to the storage is greatly affected. The delivery of methanol in the mainland market is not smooth. At present, the industry is obviously short-sighted, and most traders wait and see. The demand of downstream market is general and the support is limited. Affected by the sharp drop in supply and demand costs, formaldehyde prices fell.

III. future forecast

Recently, the upstream methanol has a large stock in the field, and the phenomenon of high stock in the port is hard to disappear in a short time. The market trading is light, the inland ports of methanol are all falling, and the cost side continues to be explored. Therefore, the formaldehyde analyst of the chemical branch of the business society predicts that the recent domestic formaldehyde price or consolidation drop is the main trend.

Commodity index: on October 20, the polyacrylamide commodity index was 99.80, unchanged from yesterday, down 6.84% from 107.13 (2019-05-08), the highest point in the cycle, and up 4.26% from 95.72, the lowest point on April 10, 2019. (Note: cycle refers to 2019-04-01 till now)

Price quotation: according to the monitoring data of business agency (100ppi. Com), on October 11, the main quotation of polyacrylamide (cation) market was about 16333.33 yuan / ton, and on October 20, the main quotation of polyacrylamide (cation) market was 16333.33 yuan / ton. In the middle of this month, the main quotation of the market was stable, continuing the price situation of the first ten days. At present, the main quotation range of Polyacrylamide in domestic market is: about 16200-18100 yuan / ton for cationic (PAM, molecular weight 12 million), and about 10000-12100 yuan / ton for anionic (PAM, molecular weight 12 million).

Industry chain: it is understood that in this month, the mainstream price of upstream acrylonitrile has been reduced from about 12500 yuan / ton at the beginning of the month to about 11500 yuan / ton on the 11th, down by about 900 yuan / ton, with a range of about 7.2%. In the middle of the year, the price of acrylonitrile has been continuously reduced to about 11000 yuan / ton, and up to now, the price has been down by as much as 12%. The downstream demand for polyacrylamide is relatively stable, and Gongyi City, Henan Province, the main domestic production area, has started normal operation and stable supply of goods.

Industry: since the end of July, this round of intermittent shutdown has basically ended, and the manufacturers have started to resume production. This round of shutdown cycle returns: 1. In late July, recently, the water purification and environmental protection enterprises in Yong’an Road sub district office of Gongyi City, Henan Province received the notice of shutdown, which requires that: Based on the analysis of the city’s environmental pollution and future pollution weather, the Municipal Office of tackling key problems requires all the depth. The management enterprises will stop production and management before acceptance, and can resume production after dispatching or acceptance according to the key work office. 2. Stop production again after resumption of production: it will resume production for ten days in August, and start to stop production again on 15th. According to the manufacturer, the stop production is more affected by the National Games held in Zhengzhou on September 8th. The local environmental protection inspection is strict, and all local enterprises in Gongyi are required to stop production for environmental protection treatment and maintenance. 3. After the National Games on September 8, the local manufacturers did not receive the notice of commencement immediately, and the strict inspection of environmental protection was in progress. In late September, local manufacturers in Gongyi began to resume production one after another, and the supply of goods gradually returned to normal. 5. After the start of the National Day in October, the manufacturer’s production is normal and the market mainstream quotation is stable.

Aftermarket forecast: according to the analysis of business agency, at present, the manufacturer’s production is normal, the supply of goods is stable, the downstream demand has not changed greatly, the upstream raw material price has been greatly reduced, and the aftermarket price may be reduced.

I. price trend

According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong Province rose slightly this week. The quotation increased from 260.00 yuan / ton at the beginning of the week to 273.33 yuan / ton at the end of the week, up 5.13%, down 48.67% year on year. On the whole, sulfuric acid rose this week, with the sulfuric acid commodity index at 42.54 on October 18.

II. Market analysis

(I) products:

This week, the price of the mainstream sulfuric acid manufacturers in Shandong Province rose slightly, with less inventory and less downstream demand. The weekend quotation of Heze Jiangyuan is 240 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 130 yuan / ton, which is 40 yuan / ton higher than the beginning of the week; the weekend quotation of Jinan Yuanfei is 450 yuan / ton, which is temporarily stable.

(II) industrial chain:

Recently, the domestic sulfur market bottomed out and rebounded. The trading atmosphere in the downstream monoammonium market was not good, the trading volume was light, and the trading volume of new orders was not ideal. The market of diammonium was also low and consolidated, and the downstream demand was less. Sulfuric acid enterprises often issued early orders, short-term construction was insufficient, and the supply was slightly tight. This week, the domestic sulfuric acid plants operated smoothly, the market supply was relatively tight, the downstream gas buying was general, and the market turnover was limited.

III. future forecast

After the adjustment in September, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. The upstream sulfur price bottomed out and rebounded, the National Day has passed, the downstream construction has increased, the downstream purchase intention has increased, and the products have risen under the contradiction of supply and demand. According to analysts of business association sulfuric acid, under the influence of supply and demand and raw materials in Shandong market in the short term, the sulfuric acid market tends to rise.

I. price trend

According to the data in the business club’s large list, the average domestic ex factory price of ammonium sulfate on October 15 was 620 yuan / ton, and the price per day was increased by 1.08%. On October 15, the ammonium sulfate commodity index was 52.44, up 0.56 points from yesterday, down 50.66% from the highest point 106.28 (2012-05-24), and up 43.08% from the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Products: about 520-700 yuan / ton for mainstream ammonium sulfate in Central China, 520-700 yuan / ton for mainstream ammonium sulfate in Henan, 550-750 yuan / ton for mainstream ammonium sulfate in Hebei, 650-730 yuan / ton for mainstream ammonium sulfate in East China and 600-720 yuan / ton for mainstream ammonium sulfate in North China. As of October 15, the overall price of coking grade ammonium sulphate in China has been slightly increased, and the domestic grade ammonium sulphate Market port is dominated by cargo.

Industry chain: according to the price monitoring of the business agency, the price of the mainstream sulfuric acid manufacturers in Shandong Province is rising slightly, the inventory of the manufacturers is small, and the downstream demand is small. Under the influence of supply and demand and raw materials, the sulfuric acid market tends to rise. The downstream compound fertilizer market is weak and the demand is flat compared with previous years. Autumn fertilizer begins to finish. Winter storage situation is not ideal, because the raw material market is weak, wait-and-see attitude.

Industry: according to the price monitoring of the business agency, there are 9 kinds of commodities in the rise and fall list of bulk commodity prices on October 15, 2019, including 1 kind of commodity with an increase rate of more than 5%, accounting for 1.2% of the number of commodities monitored in the plate; the top 3 commodities are sulfur (5.32%), light soda ash (1.52%) and ammonium sulfate (1.08%). There are 22 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three products falling are nitric acid (- 5.97%), yellow phosphorus (- 5.49%) and acetone (- 3.02%). The average price of this day was – 0.29%.

III. future forecast

Analysts of ammonium sulphate of business association think that the downstream demand is weak due to the cold market atmosphere. Ammonium sulfate enterprises are actively shipping to prevent the increase of inventory pressure. It is predicted that in the later stage, the market of coking grade ammonium sulphate will fluctuate mainly in the range, and the internal grade will be weak. It is suggested to pay attention to market dynamics and downstream demand.