Monthly Archives: October 2022

In October, the cyclohexane market ran strongly

According to the data monitored by the business community, as of October 28, the average price of domestic industrial grade cyclohexane was 8566.67 yuan/ton, and the price trend rose in October. Overall, cyclohexane rose 15.25% in October, with a decline of 900 yuan/ton. At present, the quotation range of mainstream manufacturers is around 8500 yuan/ton, maintaining stable operation in the short term.

 

PVA 0588 ( PVA BP05)

As of October 14, the average price of domestic industrial grade premium cyclohexane was 7900.00 yuan/ton, up 6.28% compared with the same period last week. The price of cyclohexane rose slightly. The price of cyclohexane was stable and strong, the operating rate was normal, the supply side was stable, the logistics shipment was smooth, the transaction atmosphere was general, and the overall market negotiation atmosphere was general.

 

As of October 25, the average price of domestic industrial grade cyclohexane was 8466.67 yuan/ton in the late ten days, showing a slight upward trend.

 

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Chemical index: On October 27, the chemical index was 966 points, down 5 points from yesterday, down 31.00% from the cycle’s highest point of 1400 points (2021-10-23), and up 61.54% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

 

Cyclohexane analysts from the business community believe that the cyclohexane market is expected to run smoothly in November.

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In October, the liquefied gas market fell in shock

In October, the domestic liquefied gas market was weak, and the Shandong civil gas market rose first and then fell, which interpreted the weak market in the peak season. According to the data monitoring of the business community, the average price of liquefied gas in the civil Shandong market was 5456 yuan/ton on October 1 and 5418 yuan/ton on October 27, with a drop of 0.70% in October, 12.95% lower than the same period last year.

 

PVA 2088 (PVA BP20)

As of October 27, the mainstream prices of liquefied gas in various regions in China are as follows:

Region, mainstream quotation

North China, 5200-5450 yuan/ton

In East China, 5270-5500 yuan/ton

Northeast China, 5100-5300 yuan/ton

Shandong, 5370-5500 yuan/ton

 

POLYVINYL ALCOHOL

In October, the overall trend of the domestic liquefied gas market was weak, and the favorable support of the Shandong civil gas market was insufficient, and the price fluctuated downward. This year’s (2022) Yinshi price was lower than that of last October, which represented a weak market in the peak season. During the National Day holiday, thanks to the rise of international crude oil, the liquefied gas market followed the trend. In addition, after the holiday, the lower reaches of the market were concentrated for replenishment. The market trading atmosphere was good, the manufacturers’ mentality was firm, and the prices were continuously high. However, since October 10, the international crude oil fell for three consecutive days, which temporarily did not support the market and affected the mentality of the industry. The enthusiasm of downstream market entry has weakened, and the LNG market has been unable to continue to rise. The price began to weaken on October 11. Until the 14th, the crude oil rose again, which was good for the market mentality. The price of Shandong civil gas stopped falling. Some manufacturers raised the factory price slightly according to their own conditions. However, due to the limited market benefits in the later period, the liquefied gas market returned to a weak position at the end of the month, with a narrow downward trend.

 

In October, the LPG futures market rose as a whole, bringing relative support to the spot market. On October 27, the opening price of LPG futures contract 2212 was 5160, the highest price was 5200, the lowest price was 5111, the closing price was 5162, the previous settlement price was 5098, the settlement price was 5154, up 64, the trading volume was 93418, the position was 68434, and the daily position was 3766. (Quotation unit: yuan/ton)

 

On the 26th, international crude oil rose by 3%, bringing obvious support in terms of cost. The decline of Shandong civil gas narrowed, but the weakness remained unchanged. On the whole, the demand increase in October was relatively limited. In addition, due to the impact of social and public health events in many regions, there was resistance in transportation. The manufacturer’s shipment was not smooth, and the inventory pressure was too high, making it difficult to rise. However, with the arrival of November, the weather continues to cool, and terminal demand continues to increase. It is expected that the Shandong civil gas market will stop falling and rise in November.

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The price of chlorinated paraffin rose slightly in October (10.1-10.26)

1、 Price trend

 

PVA 1788 (PVA BP17)

 According to the monitoring data of the business community, the average factory price of domestic chlorinated paraffins 52 was 6166 yuan/ton on October 1, and 6233 yuan/ton on October 26. The price of chlorinated paraffins rose 1.08% this month.

2、 Market analysis

 

According to the weekly increase and decrease from August 1, 2022 to October 17, 2022, it can be seen that the domestic chlorinated paraffins rise and fall with each other during the cycle, which is more stable. The maximum increase was 3.7% in the week of August 29, and the maximum decrease was – 1.7% in the week of August 8. In October, the largest increase was 0.54% in the week of October 3.

 

The price of chlorinated paraffins rose this month and the market fluctuated slightly. The domestic operating rate was about 63%. In the first ten days of October, the market of chlorinated paraffins was the main actor. The price of raw liquid chlorine rose, and the cost support was good. The downstream is mainly purchased on demand, and the manufacturer’s shipment is stable. The chlorinated paraffin market was stable in late October. The price of raw material liquid chlorine fell after rising at a high level, and the benefit on the cost side weakened. The market atmosphere of chlorinated paraffins is light and the trading volume is average. As of October 26, the ex factory quotation of chlorinated paraffins 52 in Anhui was about 6600 yuan/ton, the ex factory quotation of chlorinated paraffins 52 in Northeast China was about 5800 yuan/ton, and the market quotation of chlorinated paraffins 52 in Shandong was about 6300 yuan/ton.

 

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In terms of raw material liquid wax, the price trend of liquid wax in this month was first suppressed and then increased. The market follows the change of crude oil price, and the transaction on the market is fair. It is recommended to pay attention to the change of crude oil. In terms of raw material liquid chlorine, the price of liquid chlorine rose and fell this month, and then fell back to a high level after continuing to rise. Recently, the price of liquid chlorine rebounded slightly. Some manufacturers have maintenance plans, and the market transaction atmosphere is improved.

 

3、 Future market forecast

 

According to the chlorinated paraffin analysts of the business community, the current market trend of chlorinated paraffin raw materials rebounded and improved, with some support on the cost side. There is no obvious fluctuation in the chlorinated paraffin field for the time being. The downstream just needs to purchase, and the transaction is still weak. It is expected that the chlorinated paraffin market will operate stably in the short term.

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The cyclohexane market is stable and strong (10.18-10.25)

According to the data monitored by the business community, as of October 25, the average price of domestic industrial grade cyclohexane was 8466.67 yuan/ton, 2.42% higher than that of the same period last week, and the price rose slightly. At present, the price of cyclohexane is stable and strong, the overall market operation rate is normal, the supply side is stable, the logistics shipment is smooth, the transaction atmosphere is general, and the overall market negotiation atmosphere is general.

 

PVA 0588 ( PVA BP05)

The average price of domestic industrial grade premium cyclohexane is 8466.67 yuan/ton. At present, the quotation range of mainstream manufacturers is about 8500 yuan/ton. The overall market of cyclohexane is mainly stable. The willingness to stock up downstream is general, and the purchasing atmosphere is cold. At present, the supply side is normal, the operating rate is stable, and the merchants give up profits and take orders.

 

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Chemical index: On October 24, the chemical index was 982 points, down 6 points from yesterday, down 29.86% from the cycle’s highest point of 1400 points (2021-10-23), and up 64.21% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

 

Cyclohexane analysts from the business community believe that the cyclohexane market will remain stable, medium and strong in the short term.

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The demand remains weak, and the mainstream market of polyaluminum chloride remains stable

According to the data monitoring of the business community, the polyaluminum chloride commodity index on October 24 was 108.72, unchanged from yesterday, down 23.78% from the peak of 142.64 points (2021-11-01) in the cycle, and up 28.94% from the lowest point of 84.32 points on August 18, 2020. (Note: Period refers to April 1, 2019 to now)

 

PVA 0599 (PVA BF05)

Spot goods: The monitoring data of the business community shows that since October 17, the domestic solid (industrial grade, content ≥ 28%) polyaluminum chloride market has remained stable, with the main market report of 2011.25 yuan/ton. Recently, some manufacturers continue to stop production, and the supply of goods is still sufficient; The impact of multiple distribution of public health events continued. Downstream demand continued to be low and spot stocks were sufficient. It was difficult for enterprises to do business. The mainstream market of polyaluminum chloride market was temporarily stable.

 

Raw hydrochloric acid: According to the monitoring data of the business community, the domestic hydrochloric acid market has risen from 166.67 yuan/ton to about 180 yuan/ton since October 17. Judging from the manufacturer’s quotation, the domestic hydrochloric acid market price has risen slightly by about 10-50 yuan/ton recently. From the perspective of upstream and downstream industrial chains, the recent market of upstream liquid chlorine has been consolidated at a high level, with good cost support; The lower level of the downstream fluctuates in a narrow range, and the purchase intention of the downstream is average. According to the analysis, the recent market of hydrochloric acid may fluctuate slightly.

 

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LNG for production. According to the data of the business community, the market price of LNG has fluctuated slightly since October 17, up and down: the average market price was 6342 yuan/ton on October 17, up to 6356 yuan/ton on October 22, and down to 6330 yuan/ton on October 24. During the week, the domestic LNG market was in shock and consolidation operation, and the price rose and fell with each other. At present, the market demand is general, and the market trading is weak. With the improvement of transportation and heating in winter, the industry is in a strong bullish mood. It is expected that the market of LNG will continue to consolidate in the short term.

 

Future forecast: the water treatment market this year is not as good as the same period in 2021. At present, the raw material cost is generally supported, and the spot inventory is sufficient. Under the continuous impact of public health events, the demand is low, and the future market is still mainly stable, supplemented by small fluctuations.

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The domestic isobutyraldehyde price rose 7.98% this week (10.15-10.21)

1、 Price trend

 

PVA 1799 (PVA BF17)

As can be seen from the figure above, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 6266.67 yuan/ton at the weekend to 6766.67 yuan/ton at the weekend, up 7.98%. On October 23, the isobutyraldehyde commodity index was 34.86, up 0.51 points from yesterday, down 66.98% from the cycle’s highest point of 105.58 (2021-09-16), and up 15.74% from the lowest point of 30.12 on October 7, 2022. (Note: Period refers to 2021-09-01 to now)

 

2、 Market analysis

 

The quotation of mainstream isobutyraldehyde manufacturers rose slightly this week.

 

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From the perspective of upstream and downstream industrial chains, the propylene market in the upstream raw material market of isobutyraldehyde fell slightly this week, with the price dropping from 7620.60 yuan/ton at the end of last week to 7426.60 yuan/ton at the end of this week, a 2.55% drop. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol was adjusted at a low level, with a price of 10100.00 yuan/ton. The market of neopentyl glycol was consolidated at a low level, and the downstream demand was general, which had a negative impact on isobutyraldehyde.

 

3、 Future market forecast

 

The market trend of isobutyraldehyde in late October may fall slightly. The upstream propylene market declined slightly, and the cost support was insufficient. The downstream neopentyl glycol market has a downward trend, and the downstream purchasing enthusiasm has weakened. The isobutyraldehyde analysts from the business community believe that the short-term isobutyraldehyde market may be subject to slight shock and decline under the influence of supply and demand, raw materials and other aspects.

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Flat demand, consolidation of ammonium phosphate market (10.14-10.20)

1、 Price trend

 

PVA 0599 (PVA BF05)

According to the bulk list data of business cooperatives, the average price of 55% of powdered monoammonium in Sichuan was 2900 yuan/ton on October 14, and 2883 yuan/ton on October 20. The market price of monoammonium phosphate fell 0.57% this week.

 

According to the data from the bulk list of business cooperatives, the average price of 64% of diammonium phosphate in the Yunnan Guizhou region was 3733 yuan/ton on October 14, and 3700 yuan/ton on October 20. The market price of diammonium phosphate fell 0.89% this week.

 

2、 Market analysis

 

This week, the ammonium phosphate market was consolidated and operated, and the price fluctuated slightly. Raw material cost support was acceptable, and the operating rate of ammonium phosphate enterprises decreased. The demand of downstream compound fertilizer enterprises is general, and raw materials are mainly purchased on demand. At present, the performance of ammonium phosphate winter storage market is flat, and the industry is mainly wait-and-see. As of October 20, the ex factory quotation of 55 powdered ammonium in Hubei Province was 2850-2950 yuan/ton, that in Anhui Province was 2950-3150 yuan/ton, that in Sichuan Province was 2650-3150 yuan/ton, and that in Sichuan Province was about 6050 yuan/ton for 73% of the monoammonium market, mainly based on actual negotiation. 64% of diammonium in Hubei Province quoted 3400-3500 yuan/ton, 64% of diammonium in Guizhou Province quoted 3500-3700 yuan/ton, and 64% of diammonium in Yunnan Province quoted 3700-4000 yuan/ton. The actual transaction was negotiated.

 

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In terms of raw sulfur, the price of sulfur in East China fell this week. On October 20, the average price of sulfur in East China was 1433 yuan/ton, and the market was weak. There is a large demand in ports, and the price of sulfur rises. Local refineries were blocked in shipment, and prices fell.

 

In terms of raw phosphorus ore, the overall phosphorus ore market was stable and consolidated this week. In special periods, logistics was limited, some mining enterprises stopped production, and the information on the site was relatively calm. Although the downstream phosphate fertilizer market continues to be weak and the demand side is generally supported, the overall offer of phosphate rock mining enterprises is mainly stable due to the tight supply.

 

3、 Future market forecast

 

Ammonium phosphate analysts from the business community believe that the downstream demand for ammonium phosphate is limited at present, a small amount of goods are taken, and the transaction on the market is average. After the price of raw sulfur refinery rose, the cost pressure remained. It is expected that the ammonium phosphate market will be stable in the short term.

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The cost drops, and the price of acetic anhydride drops sharply

The price of acetic anhydride dropped sharply

 

PVA 0588 ( PVA BP05)

According to the data monitoring of the business community, the price of acetic anhydride rose sharply after the festival, but the rise of acetic anhydride did not last long. The price of acetic anhydride fell quickly after a short rise. As of October 19, the price of acetic anhydride was 5900 yuan/ton, down 3.80% from 6133.33 yuan/ton on October 13, and up 4.12% from 5666.67 yuan/ton on October 1; After the festival, the prices of acetic acid, methanol and acetic anhydride rose sharply; After that, the price of methanol fell sharply, the price of acetic acid fell with it, the rise of acetic anhydride was not supported enough, and the price of acetic anhydride fell.

 

The price of acetic acid has fallen recently

 

It can be seen from the trend chart of acetic acid price of the business community that the price of acetic acid rose first and then fell in October, and then rose briefly and fell rapidly after the festival. As of October 19, the price of acetic acid was 3660 yuan/ton, down 2.98% from 3772.50 yuan/ton on October 13. The cost decreased, and the driving force of acetic anhydride price increase weakened.

 

The price of methanol has dropped sharply recently

 

POLYVINYL ALCOHOL

It can be seen from the trend chart of methanol price of the business community that methanol rose briefly after the festival and then fell sharply. As of October 19, the price of methanol was 2886 yuan/ton, down 11.11% from 3246.67 yuan/ton on October 8. The price of methanol plummeted, the cost of downstream acetic acid and acetic anhydride decreased, and the downward pressure on acetic anhydride increased.

 

Future outlook

 

According to the acetic anhydride data analysts of the business community, after the festival, enterprises increased their stock replenishment, and acetic acid and acetic anhydride in the acetic anhydride industry chain rose at the same time. However, with the sharp drop in methanol prices, the support for the rise of acetic acid and acetic anhydride weakened, the price of acetic acid fell, the cost of acetic anhydride fell, and the price of acetic anhydride fell. Acetic anhydride prices are expected to fall in the future.

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The market of cis-1,4-polybutadiene rubber is weak and goes down

Since October, the market of cis polybutadiene rubber has declined in a weak way. According to the monitoring of the business community, as of October 18, the price of cis-1,4-polybutadiene rubber in China was 12680 yuan/ton, down 2.61% from 13020 yuan/ton at the beginning of the month. Recently, the ex factory price of two barrels of oil of cis polybutadiene rubber has been reduced by 400 yuan/ton. According to the monitoring of the business community, as of October 18, the ex factory price of cis polybutadiene rubber of PetroChina Northeast Sales Company had been reported as 12300 yuan/ton. As of the 18th, the price of cis-12800 yuan/ton was quoted in the butadiene rubber market, and the private cis-11900 yuan/ton was quoted in the mainstream.

 

PVA 1788 (PVA BP17)

At present, the construction of domestic cis-1,4-polybutadiene rubber plant has declined slightly, and the supply has eased in the short term.

 

The pressure on the supply side of cis polybutadiene rubber has eased slightly since October. In late October, the supply side of cis polybutadiene rubber was relatively tight, supporting cis polybutadiene rubber.

 

Since October, the raw material butadiene market has declined slightly, and the cost of cis polybutadiene rubber is weak. According to the monitoring of the business community, as of October 18, the price of butadiene was 7760 yuan/ton, down 6.54% from 8303 yuan/ton at the beginning of the month.

 

POLYVINYL ALCOHOL

Since October, the natural rubber market has declined slightly, and the support for cis-1,4-polybutadiene rubber is weak. According to the monitoring of the business community, as of October 18, the price of natural rubber was 11980 yuan/ton, down 2.68% from 12310 yuan/ton at the beginning of the month.

 

The demand side is weak. The downstream tire enterprises started to decline in October, and the demand side is not supported by cis-1,4-polybutadiene rubber. It is understood that in the first ten days of October, the domestic full steel tire operating rate was 58%, and the semi steel tire operating rate was 63%, a low decline.

 

Future market forecast: according to the analysts of the business community, the supply pressure of cis polybutadiene rubber production chain has eased slightly at present, but the cost has declined. It is expected that the price of cis polybutadiene rubber will fluctuate in a narrow range in the short term.

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Average demand. Since October, the market of polyaluminum chloride has been stable and weak

According to the data monitoring of the business community, the polyaluminum chloride commodity index on October 17 was 108.72, down 0.33 points from yesterday, down 23.78% from the cycle’s highest point of 142.64 (2021-11-01), and up 28.94% from the lowest point of 84.32 on August 18, 2020. (Note: Period refers to April 1, 2019 to now)

 

PVA 0599 (PVA BF05)

Spot goods: according to the monitoring data of the business community, the domestic solid (industrial grade, content ≥ 28%) polyaluminum chloride market has fluctuated slightly since October, with a slight weakness. The market reported 2043.75 yuan/ton on the first day and 2011.25 yuan/ton on the 17th, down 1.59%. During the National Day, some logistics vehicles were restricted. The difficulty in finding vehicles and the increase in transportation costs had a certain impact on the polyaluminum chloride market, but the market was stable mainly because of the dull procurement; After the National Day, the market returned to normal. Since October 10, Gongyi, Henan, one of the main production areas, has stopped production due to environmental protection policy requirements, and logistics in some parts of the country has been affected by public health events. However, due to the continuous downturn in demand, and the sufficient stock, it is difficult for enterprises to do business, and the mainstream market of polyaluminum chloride market is stable, moderate and weak.

 

Raw hydrochloric acid: According to the monitoring data of the business community, the domestic hydrochloric acid market in the first half of October fell from 166.67 yuan/ton to about 160 yuan/ton. Judging from the manufacturer’s quotation, the price of hydrochloric acid in the domestic market has dropped slightly recently. From the perspective of upstream and downstream industrial chains, the recent market of upstream liquid chlorine has been consolidated at a low level, with insufficient cost support; The lower level of the downstream fluctuates in a narrow range, and the purchase intention of the downstream is average. According to the analysis, the recent market of hydrochloric acid may fluctuate slightly.

 

POLYVINYL ALCOHOL

LNG for production. According to the data of the business community, since October, the LNG market has declined 7.2% due to turbulence: the average price on the first day is 6834 yuan/ton, and the average price on the 17th day is 6342 yuan/ton. During this period, the average price has risen in the first ten days and has fallen since the middle ten days. After the National Day holiday, the transportation of dangerous chemicals returned to normal, and downstream replenishment increased. The price of LNG continued to rise under the favorable situation of demand follow-up. Transportation is limited in some regions due to the epidemic situation, while liquid prices in other regions are higher, with obvious regional differences. The domestic LNG price began to fall around the 10th, and the demand for downstream replenishment turned weak. The epidemic situation has a great impact on upstream shipment, and the market continues to fall. It is expected that the price of LNG will be stable in the short term.

 

Future forecast: Gongyi, the main production area of water treatment, will stop production since the 10th of this month. The current public health event has a certain logistics impact. This year’s water treatment market is lower than that of the same period in 2021. The demand is low and the spot inventory is sufficient, and the future market is still stable and weak.

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