On November 11, the rare earth index was 335, the same as yesterday, 66.50% lower than the cycle’s highest point of 1000 (2011-12-06), and 23.62% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

The average price of neodymium, dysprosium and praseodymium in rare earth metals decreased by 3000 yuan / ton to 360500 yuan / ton, 2.05 million yuan / ton and 650000 yuan / ton respectively. The average price of praseodymium neodymium oxide in rare earth oxide decreased by 3000 yuan / ton to 283500 yuan / ton; the price of dysprosium oxide increased by 10000 yuan / ton to 1.54 million yuan / ton; the average price of praseodymium oxide was 345000 yuan / ton; the average price of neodymium oxide decreased by 3000 yuan / ton to 285500 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy decreased by 3000 yuan / ton to 360500 yuan / ton; the average price of dysprosium ferroalloy increased by 10000 yuan / ton to 1.54 million yuan / ton.

In recent years, the price trend of rare earth in the market is up and down. The domestic rare earth market is generally trading. Recently, the legitimate price in the market has increased, but the price of terbium series metals and oxides has continued to decline, while the price of heavy rare earth has not improved much. In the near future, the inquiry list of praseodymium neodymium oxide and neodymium oxide has declined, and the price of light rare earth oxide has declined slightly. In the near future, the light rare earth merchants in the field are not in good condition, and the recent trading situation in the field is general. The supply of rare earth in China is normal. The price fluctuation of rare earth market is related to the environmental protection supervision in the whole country. The production of rare earth is special, especially the radiation hazards of some products make the environmental protection supervision more strict. Metal enterprises and downstream magnetic material enterprises are weak in purchasing after and before the festival due to the surplus of purchasing before the festival. In addition, the price of rare earth has declined compared with the previous period, and the wait-and-see mood is strong. Under the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in the general market supply of rare earth oxides, especially some mainstream rare earth oxides, which are in normal supply, and the market price trend of rare earth is declining. In the near future There is a strong wait-and-see mood among large enterprise groups in the market. The rare earth market is generally trading, and the trading volume is at a low level.

Ministry of industry and information technology (MIIT) reported on November 8 that the Ministry of industry and information technology (MIIT) and the Ministry of natural resources (MRR) issued the notice on the total amount control indicators of rare earth mining, smelting separation and tungsten mining in 2019. The total amount control indicators of rare earth mining and smelting separation in 2019 were 132000 tons and 127000 tons respectively. The total control index of tungsten concentrate (65% of tungsten trioxide) mining in China is 105000 tons, including 78150 tons of main mining index and 26850 tons of comprehensive utilization index. In addition, the national environmental protection department has made unremitting efforts in strict inspection, which has a great impact on the rare earth industry. The rare earth industry has a relatively low start-up situation, and the market situation is cold, which has brought some good support to the rare earth market. The national development and Reform Commission and the relevant departments have taken effective measures to rectify and standardize the industry, innovated and improved the relevant management mechanism, accelerated the construction of an industry development pattern with reasonable industrial structure, advanced science and technology level, effective resource protection and orderly production and operation, and effectively played the special value of rare earth as a strategic resource. The supply of raw ore resources in the upstream of the rare earth industry has shrunk Insiders are waiting for good news from the policy and the reserve.

Rare earth analysts of the business society expect that in the near future, the intensity of strict environmental inspection in China will not be reduced. In addition, the order of rare earth industry will be rectified in China, and the supply of rare earth industry in Jiangxi will maintain a low level. However, the downstream demand for rare earth will not improve in the near future, and the rare earth market is expected to maintain a low level.

Nickel spot trend

According to the nickel price monitoring of the business association, the spot price of nickel on November 12 was 130666.67 yuan / ton, a slight decrease of 2.26% compared with 133683.33 yuan / ton on the previous trading day, a rise of 45.98% compared with the beginning of the year, and a year-on-year increase of 30.10%. Nickel prices are now weak.

Indonesia resume export

Indonesia announced on October 28 that it would suspend nickel ore export for illegal investigation. Indonesia said on October 11 that it had approved nine enterprises to restart nickel ore export. Nickel supply eased and nickel prices fell.

Nickel inventory rise in the previous period

Exchange data released on Friday showed nickel inventories in the previous period rose to 30831 tons, the highest level since the week ended June 1, 2018, easing concerns about tight supply. LME inventory destocking slowed down, with a weekly drop of 234 tons.

Downstream stainless steel weak drop dominated

In the near future, the price of downstream stainless steel is mainly stable and weak, with a price of 14171.43 yuan / ton. The high inventory of stainless steel and the expectation of long-term project production, coupled with weak demand, make it difficult for the price of stainless steel to rise.

To sum up, Liu Meili, nickel analyst of the business association, believes that the supply will ease in the short term, and the weakness of downstream stainless steel will fall, making nickel prices drop sharply. In the long run, Indonesia’s mining ban will still take effect next year, and the Philippines will enter the rainy season, so the supply will be affected, and nickel price is expected to remain high and weak.

PVC industry is entering the boom and downturn cycle. In the short term, it is expected that the supply will increase and demand will decrease. In this context, PVC will usher in a short opportunity.

The industry enters the boom and downturn cycle

The upward cycle of PVC industry since 2016 is due to the resonance of supply side capacity cycle and demand side real estate cycle. At the end of 2015, PVC production enterprises experienced a clearance of backward production capacity, which maintained a negative growth from 2014 to 2016. At the same time, the real estate industry, as the largest downstream of PVC, has entered a new boom cycle since 2016, driving industrial products into the active replenishment stage. In this context, PVC price focus has been rising since 2016, industry profits have been improving, and out of the bull market.

By 2019, new production capacity began to emerge under the current situation of high profits in the industry, and demand side real estate entered a downward cycle. Therefore, judging from the whole industry cycle, we believe that PVC is now entering the downward cycle of industry boom, and the price center of gravity is likely to move down.

Short term seasonal supply increase and demand decrease

PVC upstream production enterprises have two periods of centralized maintenance in one year: Spring maintenance and autumn maintenance. Currently, the upstream is in the stage of autumn maintenance coming to an end. At present, the comprehensive operating rate of PVC upstream is about 72%, lower than 80% of the same period last year. It is expected that the operating rate will gradually rise with the completion of maintenance in the later stage. In addition, in the fourth quarter, new production capacity such as Zhongtai and Julong chemical will release production, so the overall aftermarket supply end pressure will increase month on month. From the demand side, at present, after entering the “golden nine silver ten” off-season, after entering the winter in the northern region, the downstream operating rate will appear obvious seasonal weakness. In terms of both supply and demand, we believe that PVC may have a turning point of accumulation in December.

There is a certain margin of safety in shorting

In terms of profit, due to the outsourcing of raw calcium carbide in North China, the production cost is much higher than that of the northwest integrated device, which is a high cost device in PVC production enterprises. At present, the profit of PVC single product in North China is 500 yuan / ton, and the comprehensive profit of chlor alkali is more than 1500 yuan / ton, so there is a big space for industry profit compression. In terms of basis, since January contract is a traditional seasonal off-season contract, the contract will maintain the status of discount spot over the years. Recently, with the rebound of futures, the basis narrowed to about 150 yuan / ton, which was at a low level in the same period of the previous year. Therefore, from the perspective of profit and basis, there is a margin of safety for short PVC.

At present, no matter pvc2001 contract or 2005 contract, they have been consolidated and oscillated for nearly three years. In the short term, the 250, 120, 60, 40, 20 and 10 day averages are all downward, facing a choice of direction. In terms of price support and pressure, pvc2001 contract is supported at 6200 yuan / ton line below and 6600 yuan / ton line above; pvc2005 contract is supported at 6000 yuan / ton line below and 6500 yuan / ton line above. In addition, from the analysis of the correlation between varieties, the related varieties closely related to the real estate industry, such as screw steel, power coal, coke, etc., are showing signs of breaking. If resonance occurs, the space under PVC will open.

To sum up, we think PVC is suitable for short. It is suggested to arrange the 2001 contract short order in the 6400-6600 yuan / ton range and the 2005 contract short order in the 6300-6500 yuan / ton range.

On November 10, the commodity index of hydrofluoric acid was 87.48, unchanged from yesterday, down 37.71% from 140.43 (2018-02-21), the highest point in the cycle, and up 63.24% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

According to statistics, the market price of hydrofluoric acid in China is slightly lower. Up to now, the market price of hydrofluoric acid in China is 9600 yuan / ton, and the operation rate of hydrofluoric acid in China is less than 60%. Enterprises report that the spot supply of hydrofluoric acid in the field is sufficient at present, and the goods in the hydrofluoric acid field can not be moved in the near future. Due to the lack of improvement in downstream demand, the prices of some hydrofluoric acid manufacturers are stuck, and the market price of hydrofluoric acid is slightly lower. At present, the mainstream of hydrofluoric acid negotiation in the south is about 9000-9500 yuan / ton, and the price of hydrofluoric acid in the north market is 9000-10000 yuan / ton. The domestic market price of hydrofluoric acid remains at a low level, the supply of spot goods is sufficient, but the demand is poor, and the market price of hydrofluoric acid remains at a low level.

The price of fluorite in the upstream market remains at a low level. As of the 11th day, the price of fluorite is 2861.11 yuan / ton. The fluctuation of upstream raw material price has limited support for the hydrofluoric acid market. The price of hydrofluoric acid market is slightly lower due to the low price of raw material fluorite. In the near future, the trading market of downstream refrigerants in the terminal market is general, and the domestic market price of refrigerant R22 remains low. From the perspective of market supply, the market price of refrigerant R22 continues to be weak, the manufacturer’s production device reduces the starting load, the market supply capacity has declined, and the inventory pressure has been slowed down. In terms of demand, the downstream air-conditioning manufacturers only reduced the demand without increasing, and the mainstream price of domestic large enterprises is 12000-13000 yuan / ton. The price trend of R134a market in China is at a low level, the unit operating rate of production enterprises remains at a low level, the market demand for refrigerants is reduced, and manufacturers mainly export their products. However, the transaction price in the market keeps falling, the merchants purchase on demand, the peak season ends, the downstream demand of the terminal only decreases but not increases, and the price trend of hydrofluoric acid market declines. However, the market price of hydrofluoric acid is slightly lower due to the lower transaction price and on-demand purchase. Recently, due to the normal supply of goods, the downstream demand is not improved, and the market price of hydrofluoric acid is slightly lower.

Generally speaking, the turnover in the refrigerant field is low, and the demand for upstream hydrofluoric acid market is limited, and the spot supply of hydrofluoric acid is sufficient. However, with the temperature falling, the supply of fluorite is reduced, and the cost is supported to some extent. Chen Ling, an analyst of the business society, thinks that the market price of hydrofluoric acid may fluctuate at a low level, and may rise in the long run.

I. trend analysis

As shown in the figure above, today’s domestic copper price slightly fell to 47183.33 yuan / ton, 0.42% lower than the previous trading day, 2.03% lower than the beginning of the year, and 4.57% lower than the previous year.

II. Market analysis

On the supply side, there have been frequent disturbances from the supply side of copper concentrate recently, among which a Chilean union leader supported the call for a 24-hour strike on November 12 in the fields of ports, mines, construction, retail, education and health care. However, in October, the supply of raw materials for copper mine was sufficient. Only Tongling Nonferrous Metals and Jiangxi copper industry overhauled the roughing link, and the refining output was not affected. On the demand side, with the policy increasing, the possibility of domestic economic stabilization has increased. At present, there are signs of improvement in the main areas of copper consumption, but it is still not obvious.

III. future prospects

Based on the above situation, copper analysts of nonferrous branch of business agency believe that: influenced by the negative comments of the United States on China US economic and trade consultation, the superimposition of domestic economic data shows that the pressure of stagflation is increasing and the overall atmosphere is empty. Supply and demand are weak, and it is estimated that copper prices will still be dominated by broad oscillation pattern.

The overall expectation of the market is pessimistic

In recent years, due to the strong demand of polyester industry, the demand for glycol in the domestic market has maintained a rapid growth trend. Since entering the 21st century, the apparent consumption of glycol has continued to increase significantly. In 2002, it broke through 3 million tons, reaching 3.0199 million tons, becoming the world’s largest glycol consumer country surpassing the United States. Due to the rapid growth of demand, it has promoted the increase of glycol production capacity. In recent years, many large-scale glycol production units in China have been completed and put into operation. With the increasing production capacity of glycol in China, the output is also increasing.

Although the production capacity and output of ethylene glycol in China are growing rapidly, it still can not meet the growing market demand of domestic polyester and so on. A large number of imports are needed every year, and the import volume is increasing year by year. At present, glycol products in China are mainly used to produce polyester, antifreeze, adhesives, paint solvents, cold resistant lubricants, surfactants and polyester polyols. Among them, polyester is the main consumption area of glycol in China, accounting for 94.0% of the total domestic consumption, and about 6.0% is used for antifreeze, adhesives, paint solvents, cold resistant lubricants, surfactants and polyester polyols. In recent years, the production of polyester (including polyester fiber, polyester resin and film) in China has developed rapidly. In 2010, the production of polyester will reach about 19 million tons, and the demand for glycol will reach about 6.65 million tons. In addition to the consumption of antifreeze and other aspects, it is expected that the total demand of glycol in China will still maintain a rapid growth.

At present, the supply of ethylene glycol is still in a medium low state, with 57.11% of the total domestic ethylene glycol starts (down), 60.24% of the non coal load (stable), and 52.69% of the coal production (down). Glycol prices fluctuated across the board, and the spot price in East China closed at 4630-4640 yuan / ton. The market supply is still at a relatively low level, which to some extent supports the mentality of the industry; the downstream polyester price has a narrow boost, but the substantive transaction is still poor; under the interweaving of long and empty markets, the transaction is light.

According to the production capacity data of CCF, currently it is known that the ethylene glycol production capacity that may be affected is 600000-800000 tons per year, and 40% – 50% of Saudi Arabia’s production capacity is exported to China. It can be considered that the impact on the domestic glycol supply will be at the level of 300000-400000 tons per year, affecting the operating rate of 3% – 4%. Whether there is likely to be a more serious impact in the future or whether there is a shortage of raw materials in other factories remains to be tracked, and geopolitical factors have become an unpredictable fuse in the glycol market. In addition, if there is no other accident, the lack of supply in import is likely to be filled by the increased domestic load with the increase of glycol price. Not only that, with the domestic price rising, the increase of import volume is also likely to occur.

The operation rate of ethylene glycol plant in China is about 60.24%, with a rise in the month on month ratio. The operation rate of coal glycol is about 68.22%, returning to the normal level. The MEG port inventory in East China’s main port area is about 498000 tons, an increase of 13000 tons compared with last week. The starting load of polyester plant is about 89.49%, which is still high. The production and sales of polyester are about 55%, and the sales volume has increased. On the basic level, the crude oil market fluctuates and is affected by weak sentiment, and the downstream polyester end demand is still at a low level, with further negative expectations, and the overall market expectations tend to be pessimistic.

From the perspective of the market, the main eg 2001 contract of glycol futures fell sharply in the early stage. After two or three weeks of narrow banner oscillation, it accumulated strength and fell again in large volume. The MACD green column index continued to spread, indicating the launch of another wave of declining market. Therefore, it is expected that after EG2001, the market will continue to be weak, with a high probability of further decline.

Based on the above judgment, we chose the trading strategy of shorting glycol Futures: establishing a short order of glycol 2001 contract, with an entry range of 4470-4500, a target price of 4000-4460, a stop loss price of 4510-4800, and entering in batches, with a total of no more than 60% of the total capital.

I. price trend

The market price of ammonium sulphate fell this month, according to the data in the bulk list of business agencies. On November 4, the average domestic ex factory price of ammonium sulfate was 616 yuan / ton, and on November 8, the average domestic ex factory price of ammonium sulfate was 568 yuan / ton, with a 7.84% drop in price. So far, the ammonium sulphate commodity index on November 8 is 47.56, which is the same as yesterday, 55.25% lower than the highest point 106.28 (2012-05-24), and 29.77% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Product: the downstream demand is weak, the domestic main ports are mainly engaged in cargo supply, and the coking level cargo source is relatively sufficient. This week, the overall price of ammonium sulfate in China continues to decline. In October, the main factory quotation of ammonium sulfate in Central China is about 500-650 yuan / ton, that in Henan is about 500-700 yuan / ton, that in Hebei is 520-720 yuan / ton, that in East China is 530-600 yuan, and that in North China is 460-550 yuan.

Industry chain: the domestic sulfuric acid plants run smoothly, the enthusiasm of downstream customers for sulfuric acid procurement rises, and the ex factory price of sulfuric acid rises in the future. Sulfuric acid enterprises often issue early orders, short-term construction is insufficient, and supply is slightly tight. Compound fertilizer enterprises are stuck in consolidation, cost and price decline, and the industry is lack of confidence in the future market. Near the phosphorus compound fertilizer meeting, dealers have a strong wait-and-see attitude, and the downstream compound fertilizer enterprises are hard to be optimistic.

Industry: according to the price monitoring of the business agency, in the 44th week of 2019 (11.4-11.8), there are 15 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top 3 commodities are R22 (7.76%), acetone (5.71%) and chloroform (2.83%) There are 36 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.9% of the number of commodities monitored in the sector; the top three products falling are epichlorohydrin (- 8.77%), ammonium sulfate (- 7.84%) and hydrogen peroxide (- 7.21%) This week’s gains and losses were – 0.68%.

III. future forecast

According to analysts of ammonium sulfate of business association, due to limited market demand and insufficient trading, the market of winter storage has not been opened yet, and the market is still unclear. It’s hard to change the market in the near future. We look forward to the introduction of winter storage policy. It is expected that the internal ammonium sulfate will fluctuate in a narrow range in the later stage, and the coking ammonium sulfate will continue to be depressed.

At present, PTA market supply is more than demand, the technology falls below the important support position, and the weak pattern will continue. However, considering the low processing cost and the stability of the upstream price in the near future, PTA price does not have a deep drop condition.

Under the influence of increasing supply pressure, PTA futures showed an oscillating downward trend. In late October, PTA price fell below the support level formed by the year’s low point and 2017′s low point. Technically, downward space opened.

Supply exceeds demand

In October, affected by routine maintenance and other factors, the starting load of PTA in China fell to a low level of 83.06%, and the market supply entered a stage of tightening. However, the maintenance cycle of this round is relatively short, and the devices for early maintenance have been put back into production in late October and early November. At present, the units under maintenance in China are: the 600000 ton unit of Jialong Petrochemical will be back to production this month, the 2.2 million ton unit of Jiangyin Hanbang will be back to production in the first ten days of this month, and the 2.2 million ton unit of Hengli Petrochemical is expected to be back to production next week. Accordingly, this month only the 750000 ton unit of Yadong Petrochemical Company is planned to be overhauled, and the 1.2 million ton unit of hailun Petrochemical Company is expected to be overhauled by the end of the year. Therefore, without any accident, the starting load of PTA in China will rise steadily in the later period. In addition, Hengli Petrochemical phase 4 and Xinjiang Zhongtai are still expected to be put into production at the end of the year, so the supply pressure will continue to increase the pressure on PTA prices.

In terms of demand, although 300000 tons of new Fengming Zhongyue and 50000 tons of Fuller polyester new devices were put into production in October, due to the poor profit of polyester enterprises, there were more intensive enterprise maintenance. It is understood that the 250000 ton polyester plant of Yizheng petrochemical, the 500000 ton plant of Taibao, the 300000 ton plant of China Resources and the 70000 ton plant of Jinxing have been shut down successively. And there are still plans to shut down Chenggao’s 600000 ton plant this month. In this case, the domestic polyester starting load dropped from 90% at the beginning of October to the current level of 86.72%. With the cooling down of the winter load, the starting load of Jiangsu and Zhejiang looms is also showing a small decline, and the demand is weakening.

PTA supply is increasing, while demand is further weakening, and the problem of supply exceeding demand is prominent, which determines that PTA price will not improve before the end of the year, and the weak will continue.

Cost support or will show

From the perspective of cost side, the recent crude oil price has started a small rebound trend. After winter in the northern hemisphere, heating oil consumption is expected to increase. On the other hand, the number of active drilling wells in the United States is expected to decline. Under the background of tight supply and rising demand, American crude oil is expected to enter the de stocking stage, which helps to support the price of crude oil. Therefore, there will be no cost collapse of chemicals.

In PX market, although Fuhai Chuang’s PX device will resume production, PX supply and demand structure is relatively stable under the condition that PTA starts to rise, and it is expected that PX price will stabilize in the later stage. Therefore, we think PTA production cost will stabilize at the current level in November. At the same time, the processing fee is only 600 yuan / ton, which will also support PTA price.

To sum up, PTA prices fall behind the important support position and the weak pattern appears. At present, PTA start-up load is increasing, and new units are expected to be put into operation, with supply pressure increasing. At the same time, the downstream polyester load is reduced due to the poor profit. The further deterioration of supply over demand determines that the weak pattern of PTA will continue. However, considering the stable price of upstream crude oil and PX and the low processing cost, PTA price does not have the conditions for a big drop.

OPEC said that despite the increasing demand for energy in the global economic expansion, its oil supply will continue to decrease in the next five years as the production of shale oil and other competing energy in the United States increases, the National Daily reported on November 5.

OPEC’s crude oil and other liquid fuel production is expected to drop to 32.8 million barrels a day by 2024, it said in its November 5 world oil outlook 2019. By contrast, this year’s output is 35 million barrels a day.

The growing climate activism and the widespread use of alternative fuels in western countries are making the intensity of long-term oil demand more closely examined. OPEC lowered its forecast for medium – and long-term oil demand in its report.

In the past few years, OPEC has been reducing its supply under a market support agreement with Russia and other non OPEC members. The resulting rise in oil prices has boosted production in non OPEC countries, which is expected to continue to limit production in 2020.

“The supply prospects of non OPEC countries have been significantly raised, especially the performance of tight oil in the United States once again exceeded expectations,” OPEC Secretary General Mohammed bajindo wrote in the foreword of the report

The US has pushed its oil production to a record high as the shale gas revolution has enabled new technologies to develop reserves previously considered uneconomical. OPEC’s oil supply has declined as a result of voluntary containment and US sanctions against Venezuela and Iran.

OPEC, based in Vienna, expects tight oil supply in the us to grow from 12 million barrels per day this year to 16.9 million barrels per day in 2024. Although expansion will slow, supply will peak at 17.4 million barrels per day in 2029.

OPEC is an organization of 14 oil producing countries in the Middle East, including Saudi Arabia, the world’s largest oil exporter, as well as Iraq and Iran. The organization lowered its forecast for global medium-term oil demand.

OPEC’s oil supply accounts for about a third of the world’s total supply, and the organization currently expects oil consumption to reach 103.9 million barrels / day by 2023, down from 104.5 million barrels / day in last year’s report.

In the long run, oil demand is expected to increase by 12 million barrels per day, reaching 110.6 million barrels per day by 2040, lower than last year’s forecast.

On November 7, the hydrogen peroxide commodity index was 139.86, down 10.86 points from yesterday, down 35.54% from 216.98 (2017-12-24), the highest point in the cycle, and up 94.95% 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, hydrogen peroxide rose nearly 30% in October, which is called “silver ten”. In November, the silver ten stopped, and hydrogen peroxide fell all the way. On November 7, the average price of 27.5% hydrogen peroxide was 1286 yuan / ton, down 12.27%.

market analysis

Since November, the hydrogen peroxide market has been back to its original shape by demand, with insufficient upward momentum and continuous sharp decline. The manufacturers have resumed operation one after another, the market hydrogen peroxide supply exceeds the demand, the manufacturers’ prices have declined, 27.5% of the mainstream hydrogen peroxide prices have risen to 1200-1400 yuan / ton, and the prices have dropped 150-200 yuan / ton.

Shandong Province: Shandong Chemical Industry Co., Ltd. has 27.5% hydrogen peroxide of 1240 yuan / ton; Shandong Haineng has 27.5% hydrogen peroxide of 1320 yuan / ton; the overall price has dropped 150-200 yuan / ton.

Hebei: the ex factory price of 27.5% hydrogen peroxide of Zhengyuan fertilizer industry fell to 1300 yuan / ton, and the price fell by 200 yuan / ton.

Anhui Province: Anhui Jinhe 27.5% hydrogen peroxide price is 1550 yuan / ton; Anhui Quansheng 27.5% hydrogen peroxide price is 1400 yuan / ton, the price drops by 100 yuan / ton, and the actual transaction price is about 1300 yuan / ton.

Hunan Province: Hunan Shuangyang 27.5% hydrogen peroxide price 1300 yuan / ton; the price dropped 50 yuan / ton.

Zhejiang: Zhejiang Pinghu satellite Petrochemical Co., Ltd. quoted price of 27.5% hydrogen peroxide of 1400 yuan / ton.

Industry chain: the main reason why hydrogen peroxide continues to soar in October is the shortage of supply due to its own parking and maintenance. Throughout October to November, caprolactam downstream of hydrogen peroxide fell sharply, down nearly 8%. To some extent, the hydrogen peroxide market rose. Caprolactam upstream pure benzene, cyclohexanone raw material product supply increased, the market plunge substantially, the cost support weakened. Downstream procurement caution. As a result, the supply of caprolactam exceeds the demand, the terminal demand is insufficient, and the price is falling all the way.

Outlook for the future

Hydrogen peroxide analysts of the business club believe that: the terminal demand is low, the paper industry and the market performance of hexanolenediamine is poor, and the market of hydrogen peroxide has gradually stabilized after a big decline.