1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

Propylene oxide market rose slightly this week. As of August 28, the average price quoted by propylene oxide enterprises was 13400 yuan / ton, up 1.52% compared with the beginning of the week, and 21.82% higher than July 28 (11000 yuan / ton).

At the beginning of the week (August 24), the average quoted price of propylene oxide enterprises was 13200 yuan / ton. At the beginning of the week, polyether just needed orders, and the industrial chain transmission was positive. On the 25th, there was no pressure on the propylene oxide plant, which supported the manufacturers’ market mentality. The price rose to 13266.67 yuan / ton. On the 26th, the new orders of the factory were still smooth, and the offer increased slightly to 13333.33 yuan / ton. On the 27th, the production and sales of propylene oxide plant were still under no pressure, However, the new orders slowed down slightly, the market was high, and the price of propylene oxide rose to 13400 yuan / ton. At present, the price of raw material propylene is high, and the inventory of propylene oxide plant is low. Most of the downstream companies maintain stable demand and the market transaction is gentle. The average quoted price of propylene oxide enterprises is 13400 yuan / ton, and the market is high and wait-and-see.

Regional remarks from August 24 to August 28

In Shandong Province, 12950-13100 yuan / ton, 13200-13300 yuan / ton, spot exchange factory

In East China, 13300-13400 yuan / ton, 13500-13600 yuan / ton, cash delivery

South China 12900-13000 yuan / ton 13100-13200 yuan / ton spot exchange factory

Upstream propylene, as of August 27, the market price of propylene in Shandong was stable again. According to the price chart of the business agency, the recent price of propylene fluctuated up and down periodically, and the fluctuation price range broke through at the beginning of the month. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down, but it has remained stable since the end of the week. On the 5th, the prices of some enterprises have been slightly stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month has been started. From the 11th to the 16th, the price has continued to decline, and on the 17th, it has been stable for more than 10 days Most manufacturers are still stable prices, the market turnover is still between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.

According to the price monitoring data of business agency, as of August 27, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11733.33 yuan / ton, down 1.4% compared with the price at the beginning of the month. At present, the downstream soft foam polyether market is in a horizontal direction, and the raw material propylene oxide is temporarily stable. The cost support is still strong. The downstream gas purchasing continues to decrease, and the factory shipment is generally.

3、 Future forecast

Propylene oxide analysts of the business club believe that the recent high price of propylene oxide Market, combined with the low inventory of propylene oxide plant, supports the mentality of manufacturers, but the downstream is generally under pressure, the new unit price is general, and the on-site wait-and-see atmosphere is strong. It is expected that in the short term, the propylene oxide market will be dominated by high-level deadlock, and the specific trend needs more attention to market information guidance.

According to the price monitoring of the business agency, the domestic polyester filament market has declined slightly in the past week. The most obvious decline is the average market price of polyester DTY (150D / 48F low elasticity) of 6732 yuan / ton, down 1.55% on a weekly basis and 26.61% on a year-on-year basis.

Average price rise and fall of polyester filament Market from August 20 to 27, unit: yuan / ton

Products on August 20, 2020 to August 27, 2020

Polyester POY (150D / 48F) 5324 5314 – 0.19% – 31.40%

Polyester FDY (150D / 96F) 5865 5815 – 0.85% – 27.36%

Polyester DTY (150D / 48F low elasticity) 6838 6732 – 1.55% – 26.61%

In recent years, polyester filament factory inventory continued to rise, mainstream large factories once again opened the preferential promotion mode, Jiangsu and Zhejiang area factory quotation reduced by about 100 yuan / ton. It is understood that on August 25, the average production and sales of polyester filament reached 80% – 120%, and the production and sales of some better factories could reach 300%, which can be said to be the best production and sales day since mid August. In terms of inventory, as of August 26, the overall inventory of polyester market was concentrated in 33-41 days, including POY inventory of 11-17 days, FDY inventory of 22-33 days, and DTY inventory of about 30-41 days. However, after a short period of storage, and under the circumstances of stronger raw material shock, some polyester POY factories took back the discount, and today (27) increased 50-100 yuan / ton.

Affected by the tropical storm, the offshore crude oil production in the Gulf of Mexico has decreased by more than 80%, and some refineries have reduced their production. As of August 27, the settlement price of the main contract of WTI crude oil futures in the United States was at $43.37/barrel, while that of Brent crude oil futures was at $45.64/barrel. PTA market price continued to rise slightly. As of August 26, the average market price was 3603 yuan / ton, up 0.31% on a weekly basis and 30.95% lower than the same period last year. In terms of units, 1.5 million tons of Honggang petrochemical, 1.2 million tons of Ningbo Taihua and 650000 tons of Yangzi Petrochemical were warmed up and restarted on August 17, 20 and 21, respectively. 4.5 million tons of fuhaichuang was also put into full load operation on August 20, and PTA start-up load increased to more than 91%. However, with the 700 thousand tons of Shanghai Yadong Petrochemical Company and 1.4 million tons of Huabin Petrochemical Company, the operating rate dropped to below 89%. In terms of inventory, as of the end of July, the domestic PTA inventory was as high as 3.6373 million tons, but dropped to 3.5631 million tons on August 20, boosting the market mentality.

Since August, some trading enterprises of terminal textile have reported that the situation of receiving orders has improved, and the frequency of purchasing orders has increased. With the coming of “gold, silver and ten”, the demand of China’s textile city has increased slightly, and the orders placed are mainly autumn and winter fabrics. Due to the seasonal demand, export orders of some regions have increased. Therefore, it also led to the enthusiasm of manufacturers. The comprehensive starting rate of Jiangsu and Zhejiang looms slightly increased to around 64%, but it was still at a low level compared with the same period last year.

Xia Ting, an analyst at the business agency, believes that the international oil price has been adjusted slightly, PTA supply has declined, and the cost side has formed a favorable support. Although the social inventory has been reduced, it is still under high pressure, which makes PTA rise driven by insufficient and cautious bullish. In addition, terminal demand, from the end of August to September is the peak season of terminal weaving, which is mainly to prepare for the demand orders which burst out in the second half of the year, such as double 11, Christmas and new year’s day, so as to relieve the pressure of high inventory, low profit and less orders. Under the expectation of terminal peak season, the demand side will recover. Therefore, in the short term, the market of polyester filament is relatively warm and the adjustment is given priority to.

According to the data of bulk commodity list of business agency, the average price of formaldehyde in Shandong Province on August 25 was 860.00 yuan / ton, and that on August 26 was 880.00 yuan / ton, an increase of 2.33%. The current price is up 2.33% month on month, and the current price is 24.14% lower than last year.

Recently, the domestic market price of formaldehyde has risen slightly. As of August 25, the mainstream factory quotation in Central China is about 940 yuan / ton, that of mainstream manufacturers in North China is 745 yuan / ton, and that in East China is 893 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and load of 50%. Recently, the start-up of formaldehyde factories in Shandong has been improved, and the shipment volume has increased slightly compared with the previous period. The trading atmosphere on the floor was slightly improved, and the formaldehyde market mainly rose in a narrow range.

Upstream methanol situation: in recent years, the domestic methanol fundamentals have not changed significantly, the business mentality is different, and the price fluctuates in a narrow range

The downstream wood board is in the traditional off-season, but the demand for formaldehyde in the terminal wood board factory has slightly improved recently, and the purchase mainly maintains the rigid demand. The shipment volume of formaldehyde enterprises has increased, and the overall negotiation atmosphere in the field is acceptable. Formaldehyde market rose narrowly.

Recently, the upstream raw material horizontal plate finishing, the raw material surface is more stable and firm, giving formaldehyde a certain support. Downstream demand slightly improved to maintain on-demand procurement, so the business agency chemical branch formaldehyde analysts predict that the domestic formaldehyde price will mainly rise in the near future.

According to the monitoring data of the business agency, as of August 21, the average ex factory price of domestic n-butanol was 5716.67 yuan / ton. Compared with August 15, the average price of domestic n-butanol decreased by 15 yuan / ton, or 0.29%; compared with August 1, the average price of domestic n-butanol increased by 216 yuan / ton, or 3.94%.

Weak stable consolidation operation of n-butanol this week

At the beginning of the week, the price of n-butanol in China was slightly lower than that of other factories in Shandong Province, with a reduction range of 50-100 yuan / ton. Then, the market of n-butanol was supported by the high level of raw material propylene, and the cost pressure was great. The factory offer was low, and the price was mainly maintained. At present, the downstream demand has weakened, the transaction is general, and the new single negotiation is limited. As of August 21, the ex warehouse price of n-butanol in East China is 5800-5850 yuan / ton, which is 50 yuan / ton lower than last week; that of South China is 6050-6100 yuan / ton, stable compared with last week; and that of North China is 5650-5750 yuan / ton, which is stable compared with last week.

The current market price of n-butanol in some regions of China is attached (data for reference only, unit: yuan / ton)

Product name up and down on 8 / 14 / 8 / 21

N-butanol in East China 5900 5850 – 50

South China 6100 6100

5700 57000 in North China

5700 57000 in Northeast China

Upstream, on August 21, the market price of propylene in Shandong remained stable. According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at the high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month will be started. On the 11th, the prices of some enterprises will be generally stable. On the 14th, the prices of some enterprises will continue to decline. On the 17th, the prices will be stable, and on the 18th, they will rise partially Today’s price is flat again. The market transaction is still between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory pressure is small.

The market of n-butanol will be lower after the cold negotiation atmosphere in downstream

At present, the unit operating rate of the downstream plants of n-butanol in China is low, the purchase intention of butyl ester users is weak, the cycle is prolonged, the price is obviously depressed, the market negotiation is deadlocked, the active atmosphere is reduced, and the wait-and-see is the main factor. Therefore, at the end of August, the n-butanol market or current shipping pressure, under the accumulated inventory, the factory offer or is slightly lower.

According to the data of the business agency, the weekly average price of domestic industrial grade formic acid is 1783.33 yuan / ton this week. The overall market of formic acid is stable and the market price is not fluctuated.

2、 Market analysis

This week, the domestic industrial grade 85% formic acid market as a whole was relatively stable, the overall price remained in the early stage, and the current price did not adjust with last week. Device: the manufacturer’s device is basically normal. In terms of price: this week, the quoted price of enterprises basically remained around 1783.33 yuan / ton, the mainstream ex factory price of formic acid was about 2000 yuan / ton, and the quotation of mainstream dealers was around 2260 yuan / ton. As of Friday (August 21), Zhangzhou San’an Chemical Co., Ltd. offered 1350 yuan / ton; Zibo Pulis Chemical Co., Ltd. offered 1370 yuan / ton; and Hangzhou Fengchang Trading Co., Ltd., a distributor, charged 2100 yuan / ton of 85% formic acid purified water.

The overall situation of the upstream product liquid ammonia Market of formic acid has been stable, and local prices have risen slightly. Recently, the overall urea market has remained stable after a small decline this week, and the overall trend of liquid ammonia has been stable since the beginning of the month. Domestic caustic soda has a small range and little overall fluctuation. The upstream products generally support the formic acid market, while the downstream products such as leather and pesticide industry have a general demand.

3、 Future forecast

According to the formic acid data analyst of the business society, the domestic industrial grade 85% formic acid market is relatively stable, enterprises generally maintain stability and wait-and-see, the downstream demand is general, and there are not enough favorable factors in the market. It is expected that the domestic industrial grade 85% formic acid market will remain stable in the short term.

1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide products)

2、 Market analysis

This week, the market of industrial grade lithium hydroxide stabilized temporarily. As of August 21, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with the beginning of the week, and fell by 4.09% year-on-year in a half year cycle, according to the data of the business club’s bulk list. At present, battery grade lithium hydroxide is mainly delivered by large factories. The market inquiry of industrial grade lithium hydroxide is general, and the market price is temporarily stable.

The commodity index of lithium hydroxide on August 20 was 130.16, flat with yesterday, 65.88% lower than the highest point of 381.48 (2016-09-12) and 30.16% higher than the lowest point of 100.00 on September 04, 2014. (Note: period refers to 2014-09-01 to now)

The upstream lithium carbonate, according to the business agency data monitoring: Recently, the price of lithium carbonate is still in a relatively stable situation, and the price of industrial grade lithium carbonate has slightly increased. On August 20, the average price of industrial grade lithium carbonate in East China was 40000 yuan / ton, which was 0.25% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 39900 yuan / ton on August 17), and the average price of battery grade lithium carbonate in East China on August 20 was 44900 yuan / ton, which was the same as that at the beginning of the week (the average price of battery grade lithium carbonate in East China on August 17 was 44900 yuan / ton). On the 20th, the comprehensive market quotation of industrial grade lithium carbonate was around 35000-45000 yuan / ton, and that of battery grade lithium carbonate was around 40000-48000 yuan / ton.

3、 Future forecast

Lithium hydroxide analysts from the business club believe that the price of upstream lithium carbonate has slightly increased, the cost support is acceptable, and the demand is general. It is expected that the industrial grade lithium hydroxide Market will be stable in the short term.

According to the price monitoring of the business agency, as of August 18, the average ex factory price of 1.2D * 38mm viscose staple fiber in China was 8833 yuan / ton, up 133 yuan / ton or 1.53% compared with the price on August 11, with a year-on-year decrease of 24.26%. The market quotation of cotton linter is still firm, and the price of viscose staple fiber has recovered in different degrees, with an increase of 100-500 yuan / ton, and the mainstream quotation is at 8600-9000 yuan / ton.

In the first ten days of August, the start-up rate of cotton oil plant was at a relatively low level, and there was no inventory pressure on cotton linter. In addition, the high price of cottonseed supported the price of cotton linter. However, considering that the demand of the downstream market this year may not be as high as that in previous years, which to a certain extent drags down the cotton linter market. It is expected that the short-term cotton linter price will be stable, and the market effect caused by the coming textile traditional peak season may stimulate the rise of cotton linter.

On August 18, the commodity price index of viscose staple fiber and man-made cotton yarn was 93.46, which was the same as yesterday, 6.89% lower than 100.38 (2019-07-21), and 10.04% higher than the lowest point of 84.93 on January 05, 2020. (Note: cycle refers to the period from January 1, 2019 to the present)

As of August 18, the average ex factory price of 30s cotton yarn in Shandong Province was 13300 yuan / ton, a decrease of 433 yuan / ton or 3.16% compared with the price in early August, and a year-on-year decrease of 22.67%. Due to the usual orders, people cotton yarn prices to weaken. Although the price of viscose staple fiber rose, but the number of orders was less, most of them were nominal quotations. People’s cotton yarn returned to rationality, and high price cotton yarn fell by 500 yuan / ton. Considering that the order of jinjiuyin-10 is likely to pick up and the enterprises need to recover funds, the quotation will gradually return to the real market. The high quotation will be lowered, and the low quotation will try to be raised. The actual transaction price of renmian yarn is expected to rise.

Business agency analysts believe that cotton linter prices are strong, viscose prices are showing signs of recovery, low-priced cotton yarn is picking up, high-level people put a low attitude. With the advent of the traditional peak season, the manufacturers have a strong mentality of supporting prices. It is expected that the staple fiber prices will be stable in the near future.

According to the data of business agency, the average price of domestic fuel oil in 180CST was 3712 yuan / ton at the beginning of the week and 3700 yuan / ton at the weekend, down 0.34% as a whole.

On August 14, the fuel oil commodity index was 74.94, flat with yesterday, 35.35% lower than the cycle high of 115.91 (October 17, 2018), and 62.63% higher than the lowest point of 46.08 on August 15, 2016. (Note: period refers to 2011-09-01 to now)

On the one hand, tight supply, supporting fuel prices. According to the business news agency, as of the week of August 12, Singapore’s surplus fuel oil storage decreased by 2%, and the export volume jumped to the highest level in nearly six months; on the other hand, the wait-and-see mood of the downstream, especially the marine oil market, did not decrease, and the purchasing power was not strong, which suppressed the fuel price. According to the business agency, as of August 14, the price of 180 CST self raised low sulfur fuel oil in Ningbo was 3750 yuan / ton, and that in Shanghai was 3700 yuan / ton.

This week, international crude oil prices rose slightly, supporting fuel oil. According to the monitoring of business news agency, the price of WTI crude oil rose from 41.22 US dollars / barrel to 42.24 US dollars / barrel, an overall increase of 2.47%; the price of Brent crude oil increased from 44.40 US dollars / barrel to 44.96 US dollars / barrel, an overall increase of 1.26%.

Aftermarket forecast: energy analysts of the business agency believe that with the progress of the vaccine, the epidemic factors may gradually weaken, and the fuel market may strengthen in the later stage.

1、 Price trend

The comprehensive price of hydrochloric acid in North China fell slightly this week, with the quotation falling from 340.00 yuan / ton at the beginning of the week to 335.00 yuan / ton at the end of the week, down 5 yuan / ton or 1.47%. Overall, hydrochloric acid market fell slightly this week, with the hydrochloric acid commodity index of 88.16 on August 14.

2、 Market analysis

From the manufacturer’s quotation, this week’s hydrochloric acid Market manufacturer’s quotation is stable temporarily, the overall market is general. The quotation of Taiyuan kunshengda hydrochloric acid is 480 yuan / ton, which is temporarily stable; Dezhou Shihua hydrochloric acid is 300 yuan / ton, which is temporarily stable; Wenshui synthetic hydrochloric acid is 260 yuan / ton at weekend, which is temporarily stable compared with the beginning of the week; Jinan Yuanfei hydrochloric acid is quoted at 450 yuan / T at weekend, which is temporarily stable compared with the beginning of the week; Dezhou Meihua hydrochloric acid is quoted at 200 yuan / T at weekend, which is 20 yuan lower than that at the beginning of the week /Tons.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is general, which gives weak support to hydrochloric acid, while the high consolidation of the downstream silica and ammonium chloride market has a positive impact on hydrochloric acid and has a certain support for the price of hydrochloric acid. The overall hydrochloric acid market this week seems to be stable temporarily, and the difficulty of hydrochloric acid delivery is still a big problem.

3、 Future forecast

The recent market of upstream liquid chlorine is general, while the downstream silica and ammonium chloride are mainly purchased on demand. Business agency analysts believe that hydrochloric acid recent low consolidation.

According to the data monitored by the business agency, at the beginning of the week, the average ex factory price of domestic light potassium carbonate was 6212.50 yuan / ton, and at the weekend, the average price of domestic light potassium carbonate was 6200.00 yuan / ton, a decrease of 0.20%. The current price was down 0.20% month on month, and the current price was 5.34% lower than last year.

This week, the domestic potassium carbonate market fell slightly. The trading atmosphere of the potassium carbonate market was not warm and the activity was low. Generally speaking, the attitude of the potassium carbonate manufacturers was negative, and the market was in the situation of oversupply. According to the statistics of the business agency, the mainstream ex factory quotation range of domestic industrial grade potassium carbonate this week is about 6000-6400 yuan / ton (the quotation is for reference only), and the quotation is different according to different purchasing conditions 。

This week, the upstream supply of potassium chloride is relatively sufficient, and there are still new sources of import potassium ports. The shipment situation is relatively slow, and there are few new orders in the market. The trading atmosphere is flat and light. Domestic potassium is temporarily stable, and the price basically has no fluctuation. Limited support for potassium carbonate.

Potassium carbonate analysts of the business club believe that the recent supply of imported potassium is relatively sufficient, the port inventory is at a high level, the price of domestic potassium in the market basically continues in the early stage, and the downstream demand is general. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of business club for reference only. Please contact relevant manufacturers for more price details.).