The international crude oil price plummeted, the market wait-and-see sentiment was strong, the downstream transaction enthusiasm was not high, and the domestic oil product market price fell. According to the monitoring data of the business agency, the gasoline price on October 30 was 5160 yuan / ton, down 1.15% from the beginning of the week; on October 30, the price of diesel oil was 4577 yuan / ton, up 0.07% from the beginning of the week.

On the 28th, the US Energy Information Administration (EIA) routinely released US commercial crude oil inventory data on Wednesday, with crude oil inventory growth far exceeding market expectations and production growth reaching a record high. The international oil market suffered Waterloo. With the increasingly severe epidemic situation in Europe and the United States, especially in France and Germany in Europe, the government has restarted restrictive measures, forming unprecedented pressure on the expectation of future crude oil demand. This week, international crude oil prices plummeted, WTI crude oil prices fell 9.23%, Brent crude oil prices fell 9.06%.

In terms of gasoline demand, the recent lack of positive boost in domestic gasoline market demand, coupled with the collapse of international crude oil and the news of the decline in the guidance price of main business units for foreign production, aggravates the wait-and-see mood of the industry, and the enthusiasm of terminal procurement is not high; in terms of diesel demand, the domestic weather is getting colder, and outdoor operations such as road engineering and infrastructure construction enter the construction period, so the diesel demand is good, but the overall diesel market is supplied Should be sufficient, coupled with the collapse of international crude oil prices, diesel market prices are weak.

As of October 30, the average start-up load of the daily decompression unit was about 74%, and the start-up load of the refinery increased slightly, and the domestic refined oil supply was relatively sufficient.

Lu Xingjun, an oil product analyst at the business club, said: affected by the epidemic situation, the international crude oil needs to decline, and it is expected that in the short term, international crude oil will continue to be under pressure, and the domestic demand for refined oil will not be supported. It is expected that the price of domestic refined oil will continue to decline.

According to statistics, the price trend of domestic fluorite dropped slightly in October. By the end of the month, the average price of domestic fluorite was 2622.22 yuan / ton, which was 1.67% lower than that at the beginning of the month, and 8.53% lower than that at the beginning of the month.

In October, the price trend of fluorite dropped slightly. Recently, the manufacturers reported that the fluorite orders were general, and the on-site merchants’ shipment was poor. The supply of fluorite was normal, and the on-site price was slightly lower. Domestic fluorite manufacturers have been operating stably, the on-site mines and flotation devices have been operating normally, and the fluorite market price has risen slightly. As of the end of the month, 97 fluorite wet powder price in Inner Mongolia was 2400-2500 yuan / ton, Fujian was 2400-2700 yuan / ton, Henan was 2500-2600 yuan / ton, Jiangxi was 2500-2700 yuan / ton, and Jiangxi was 2500-2700 yuan / ton It fell back.

As of the end of the month, the domestic hydrofluoric acid market price was 8400 yuan / ton, with a decrease of 0.36% in October. The downward trend of hydrofluoric acid market price has a negative impact on the upstream fluorite market, and the fluorite price is slightly lower. In recent years, the sales situation of automobile industry is general, and the trend of refrigerant market downstream of the terminal has fallen down. The demand for refrigerant has not improved significantly. The recovery of foreign economy is not obvious. The export situation of refrigerant terminal is general. However, the domestic air conditioning industry starts at a low level and the demand for maintenance and after-sales service is weak. As a whole, foreign demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price drops slightly. However, the market price is not available. The mainstream price of R22 in large domestic enterprises is 12500-15000 yuan / ton. The domestic market price of R134a fell, and the plant operating rate of production enterprises remained low. At present, the downstream start-up is not high, and the demand for R134a is still cold. In recent years, the purchasing situation of downstream industries is general, and the price trend of fluorite is slightly down.

Generally speaking, the market situation of downstream refrigerant industry is general, but the recent market price of hydrofluoric acid is weak. In addition, the fluorite market reflects the poor market situation in the near future. Chen Ling, an analyst at the business agency, believes that the fluorite market price may fall slightly in the short term.

1、 Price trend

According to the monitoring data of the business agency, the average ex factory price of domestic chlorinated paraffin 52 grade I product was 4933 yuan / ton on October 26, and 4933 yuan / ton on October 30, respectively. The price market was stable this week.

2、 Market analysis

The price of chlorinated paraffin was stable this week. The factory quotation of chlorinated paraffin 52 in Jiangsu Province is 4600-5100 yuan / ton, that in Hebei Province is 4700-4900 yuan / ton, and that in Henan Province is 4400-5200 yuan / ton. The factory quotation of chlorinated paraffin 52 in Northeast China is 4500-5300 yuan / ton. The factory quotation of chlorinated paraffin 52 in Shandong Province is 4300-4700 yuan / ton. The factory quotation of chlorinated paraffin 52 in Northwest China is 4600-5300 yuan / ton. The factory quotation of chlorinated paraffin 52 in East China is 4800-5000 yuan / ton. The factory quotation of chlorinated paraffin 52 in North China is 4500-5200 yuan / T. The factory quotation of chlorinated paraffin 52 in South China is 4600-5100 yuan / ton.

This week, the price of raw material market remained high and stable. The market of raw material liquid wax is stable this week. The demand for liquid wax in downstream chlorinated paraffin is limited and the supply is more. The demand for raw material liquid chlorine is good, and the price of some enterprises has increased slightly in a stable state, and the market price is stable and upward. The downstream demand for chlorinated paraffin was poor and the trading volume was not strong.

3、 Future forecast

Chlorinated paraffin analysts believe that the current market of chlorinated paraffin raw materials is stable, chlorinated paraffin shipment is acceptable. The downstream demand for chlorinated paraffin is general, and most of them are purchased on demand. It is expected that the price of chlorinated paraffin will be weak and stable in the short term.

1、 Price trend

The average ex factory price of oil to ethylene glycol in North China on October 30 was 3833 yuan / ton, down 34 yuan / ton or 0.86% compared with last week, according to the business agency.

On October 29, the market price of ethylene glycol in East China was 3730 yuan / ton, down 115 yuan / ton or 2.99% from the same period last week.

2、 Analysis of influencing factors

As of October 29, the total ethylene glycol inventory in the main ports of East China was 1139800 tons, a decrease of 44000 tons (3.72%) compared with last Thursday and 12200 tons (1.06%) compared with Monday.

In terms of shipment, Zhangjiagang and Taicang continued to be in a downturn this week, with an average daily shipment of about 5200 tons in Zhangjiagang and 5900 tons in Taicang.

At present, the operating rate of ethylene glycol is about 59%, which is 4% higher than last week; the operating rate of polyester is about 88%, which is basically the same as last week.

In terms of units, the new 300000 t / a ethylene glycol plant of Shanxi Huaneng is planned to be shut down for maintenance on October 20 for 15 days; the 100000 t / a ethylene glycol plant of Tianjin Petrochemical Company will be overhauled in early October, with the restart time to be determined; Sinopec Wuhan is expected to start maintenance on October 15, lasting for two months.

3、 Analysis and prediction

Due to the recent sluggish downstream demand for ethylene glycol and the heavy pessimism in the market, the spot market and futures market prices fell all the way this week. However, due to the positive effects of continued destocking and the significant decline in overseas imports of ethylene glycol in September and October, the price of ethylene glycol is expected to rebound slightly in the near future. However, due to the end of silver October in the terminal weaving Market, it is difficult to measure the future market.

1、 Price trend

According to the price monitoring of the business agency, the sulfur production price in East China at the weekend was 940 yuan / ton, which was 926.67 yuan / ton at the beginning of the week, up 1.14% during the week and 35.58% higher than that of last year.

2、 Market analysis

This week, the sulfur market in East China was stable and upward. The inventory of refineries in various regions of China remained low. Downstream factories and traders purchased on demand, and the shipment was smooth. The port quotation cost was high, and the shippers had no intention to ship at low price, which has certain support for the domestic sulfur market. During the week, Sinopec’s sulfur quotation in East China was stable, the mainstream price of solid sulfur was 890-1200 yuan / ton, and the mainstream price of liquid sulfur was 840-980 yuan / ton; the solid-liquid sulfur price in Shandong area of Sinopec was increased by 20 yuan / ton, both in 960-970 yuan / ton; in North China of Sinopec, the price of solid and liquid sulfur was increased by 20 yuan / T, 810-830 yuan / T and 780-840 yuan / T, respectively.

On the downstream side, fertilizer use in autumn is coming to an end, and the export of phosphate fertilizer is also finishing up, and the market trading is slightly flat. This week, the domestic market trend of ammonium phosphate is good, the enterprise quotation is firm under the support of raw materials, and the market order is sufficient. In terms of sulfuric acid, the domestic market performance is different. The price trend in Shandong is mainly weak and stable. The price of mainstream manufacturers is temporarily stable, and the inventory of manufacturers is small, and the downstream demand is strong. It is expected that the sulfuric acid market will rise slightly in the future.

3、 Future forecast

Aftermarket forecast: the sulfur analysts of the business club believe that the domestic sulfur market is stable and good at present, local inventories are maintained at a low level, phosphate fertilizer is stored in winter, and the market demand is good. It is expected that the short-term sulfur market will continue to rise steadily.

1、 Price trend

According to the data from the business club’s bulk list, the price trend of cryolite market this week has been stable, with the average price of 5733.33 yuan / ton in Henan at the weekend, and the price was stable during the week, down 9.47% compared with the same period last year.

2、 Market analysis

This week, the domestic price of cryolite remained stable. As of the 30th, the ex factory quotation of cryolite in Shandong was 5200-6800 yuan / ton, while that in Henan was 4800-6200 yuan / ton. At present, cryolite enterprises start operation normally, inventory is sufficient, and enterprise quotation runs smoothly within the week. In terms of the installation situation of domestic enterprises, Zhengzhou Tianrui grain Co., Ltd. has a production capacity of 30000 tons / year, and the plant has been put into operation for about 70% of the plant. Jiaozuo Minli Industrial Co., Ltd. has a full plant load and normal operation. The ice crystal production capacity of Zibo Kunyu industry and Trade Co., Ltd. is 40000 tons. The plant is in normal operation, with normal inventory and stable sales. There is no parking plan for the moment.

On the upstream side, the domestic fluorite manufacturers started operation normally, and the supply of on-site goods was sufficient. However, the downstream demand was insufficient. The domestic fluorite price trend decreased slightly this week. At the weekend, the domestic market average price was 2622.22 yuan / ton, a decrease of 1.67% during the week. The fluorite market was weak. In terms of downstream electrolytic aluminum, at present, the social inventory of electrolytic aluminum is relatively low, the market supply is increased, and the downstream demand is optimistic, but the support from the cost side is limited, and the future market may remain volatile.

3、 Future forecast

At present, the cryolite manufacturers are operating normally, the market supply is sufficient, and there is no obvious fluctuation in the demand. The market transactions are mostly purchased on demand. The downstream electrolytic aluminum side lacks support for the cryolite industry. In the short term, the cryolite market continues to operate weakly and stably, with specific attention to the market demand.

According to the data of business agency, the spot price of gold on October 30 was 403.78 yuan / g, a decrease of 1.80% compared with the average price of 397.40 yuan / g in the spot market at the beginning of the month (10.1); the spot price of gold was 342.54 yuan / g at the beginning of the year, up 16.02%; the spot price of gold was 331.75 yuan / g, up 19.79% compared with the peak price of (8.7) silver in the year/ G, down 11.29%.

On October 30, the average price of silver market was 4947.33 yuan / kg, a decrease of 1.47% compared with the average price of spot market at the beginning of the month (October 1); the spot price of silver at the beginning of the year (01.01) was 4281.67 yuan / kg, an increase of 13.05%; the spot price of silver was 2942.67 yuan / kg, up 68.12%; compared with the peak price of 8.11, the spot price of silver was 6708.33 yuan / kg , down 26.25%.

Domestic market:

Spot price of precious metals rose and fell in Shanghai Gold Exchange:

1. The benchmark price trend of “Shanghai gold” in October morning and afternoon:

2. The benchmark price trend of “Bank of Shanghai” in October morning midday trading was as follows:

The price of precious metal futures rose and fell in Shanghai Futures Exchange:

1. Price trend of gold main contract in October:

2. Price trend of main contract of silver in October:

In October, domestic precious metal gold and silver prices were mainly consolidated. Affected by the external market during the National Day holiday, the prices of precious metals returned to the market after the National Day holiday. After that, the prices of precious metals returned to the consolidation operation slightly and fell continuously at the end of the month, with a slight downward fluctuation as a whole, which was significantly narrowed than that in September. According to business agency data, the monthly decline of gold spot price was 4.47%, and that of silver was 19.50%.

In October, the monthly decline of precious metal prices narrowed month on month, and the price of precious metal band stabilized.

See Jun’s point of view:

Short term precious metal prices stop falling and consolidate

One At the meeting of the European Central Bank, Lagarde was more pessimistic about the European economic prospects. In addition, due to the risk aversion sentiment driven by the policy of overweight in December and the approaching election in the United States, the monetary easing policies of the major central banks continued, and the price supporting factors were still in place. In addition, the geopolitical risk events such as the Sino US situation and the situation in the Taiwan Strait were frequent, and the precious metal prices were further reduced and stabilized The probability of horizontal running is increased.

2. After the downward adjustment in the past two days, the price is basically close to the bottom of September price, the downward space is narrowed, and the consolidation range is in place.

1、 Price data:

According to the data monitoring of the bulk list of business associations, due to the tight supply, the domestic bromine market in October was strong and upward. As of October 29, the average price in Shandong was about 31888 yuan / ton, an increase of 5.13% compared with the beginning of the month, and an overall increase of 3.42% over the same period last year.

2、 Cause analysis

In October, the domestic bromine market continued to be strong. The overall performance of the month was strong. The overall market started relatively stable, and the inventory of enterprises was generally low. After the downstream market entered the peak season, the market trading was enthusiastic. Some bromine production enterprises had flat shipping intention for the reserve warehouse, and the market supply and demand were in a tight balance. The mainstream bromine enterprises quoted 31500-32000 About yuan / ton.

Industrial chain: in the upstream, the sulfur market continued to rise, with an increase of about 90 yuan / ton in the month. Refineries in various regions made firm quotations according to the shipment situation. At present, the downstream demand and shipment performance were stable, and the operators had a positive attitude. The sulfur quotation in the market was firm. The future market focused on the follow-up situation of the downstream, at present, about 940 yuan / ton. The sulfuric acid was stable in the month, and the prices of mainstream manufacturers were temporarily stable There is little stock and strong downstream demand, at present, it is about 397 yuan / ton; the caustic soda market is strong and upward within the month, the downstream demand is strong, combined with the increase of enterprise maintenance, the caustic soda market continues to rise by 9.5%, at present, it is about 495 yuan / ton. The main downstream flame retardant market of bromine started fairly well, the terminal market demand was strong, and the demand for bromine was good. With the price of bromine rising to the high level in the year, the enterprises were in conflict with the high price of bromine; the industries such as pharmaceutical and pesticide intermediates started generally, and the demand side supported the bromine price smoothly.

3、 Future forecast

The bromine industry analysts of the business society believe that the current domestic bromine market spot supply is stable, the downstream market demand is weakening, which has a certain conflict with the bromine price. In addition, the recent arrival of imported bromine into Hong Kong has a certain impact on domestic bromine. Due to the current small inventory pressure of bromine enterprises, the intention of price adjustment is not obvious, and the market supply and demand game, it is expected that bromine will still run stably in a short period of time.

Domestic price trend:

According to statistics, in October, the domestic price of p-xylene dropped. At the beginning of the month, the domestic price was 4600 yuan / ton. At the end of the month, the domestic PX market price was 4450 yuan / ton, with a price trend of 3.26% and a year-on-year decrease of 34.56%. The external price of PX decreased slightly. The domestic PX market was highly dependent on foreign countries. The decline of external price had a negative impact on domestic prices.

In October, the domestic market price of p-xylene declined slightly, and the domestic PX operating rate was about 60%. Sinochem Hongrun Petrochemical Co., Ltd. put into operation 600000 tons of new units. Yangzi Petrochemical plant was in stable operation, fuhaichuang plant was in the first line. Pengzhou petrochemical plant was in stable operation, Yangzi Petrochemical PX unit was in normal operation, Jinling Petrochemical plant was running smoothly, and Qingdao Lidong unit was operating at full load The operation of Shandong Petrochemical plant is stable, and the Urumqi petrochemical plant is operating at about 50%. The domestic supply of p-xylene is normal. Affected by the low price of crude oil, the price trend of domestic PX market has declined slightly. In October, the international crude oil price decreased slightly, while the external price of PX decreased slightly. As of the 28th, the closing prices in Asia were 521-523 USD / T FOB Korea and 539-541 USD / T CFR China. Recently, the operation rate of PX units in Asia has been stable, and the operating rate of PX units in Asia is about 60%. The supply of PX goods in Asia is normal, and the closing price of PX in external markets is slightly lower The price trend of p-xylene market declined slightly.

The international crude oil price fluctuated around us $40 / barrel in October. As of the 28th, the main contract settlement price of WTI crude oil futures market in the United States was 37.39 US dollars / barrel. The Brent crude oil futures market price also fell sharply. The settlement price of main contract was 39.64 US dollars / barrel. The oil price fell sharply at the end of October, mainly affected by the bad crude oil inventory data of the United States and Europe The surge in new cases prompted the government to restart the restrictive measures, exacerbated the expected decline in fuel demand, crude oil prices fell, and the market price of p-xylene declined.

In October, the price trend of downstream PTA market rose slightly, while the domestic PTA spot market rose. As of the end of the month, the average price of PTA market was about 3400 yuan / ton, and the price increase of PTA in October was 1.86%. In October, the demand for downstream terminals recovered and PTA equipment was overhauled on a large scale. PTA prices ushered in a wave of upward trend. Orders from overseas textile industry flowed into China. At the same time, the textile and garment markets at home and abroad recovered significantly, the market situation of downstream textile industry improved, PTA prices rose slightly, and the price trend of PX market was limited.

Chen Ling, PX analyst of the business agency, thinks that the new production capacity will have a certain impact on the market. In addition, the production and sales of polyester in the downstream have fallen down as a whole. It is estimated that the market of PTA will continue to rise with insufficient motivation. In addition, the crude oil price is facing the risk of falling. It is expected that the market price of p-xylene will decrease slightly in November.

According to the monitoring of business agency, the domestic market price of phthalic anhydride rose sharply in October. As of the 29th day, the quoted price of phthalic anhydride was 6300 yuan / ton, which was 16.67% higher than 5400 yuan / ton on the first day, with a year-on-year decrease of 3.08%. The spot supply was tight, and the market price of phthalic anhydride rose sharply.

In the last ten days of October, phthalic anhydride increased by a large margin, and the delivery of phthalic anhydride market improved. In the near future, the downstream demand was normal, the price of o-benzene fluctuated at a low level, and the market of plasticizer did not improve. However, the spot supply of phthalic anhydride was tight, and the price trend of phthalic anhydride rose sharply. Domestic phthalic anhydride manufacturers started operation at a low level, and the operating rate of phthalic anhydride was less than 60%. Domestic spot supply of phthalic anhydride was tight, and the dealers were not willing to ship at low prices. The price of phthalic anhydride rose sharply. However, the downstream plasticizer industry had a strong wait-and-see mood, and the actual transaction was not significantly favorable. The price of phthalic anhydride increased too much and the price was slightly inflated. The market price of phthalic anhydride in East China rose sharply, and the high-end transactions were limited. In East China, the main source negotiation of neighboring France was 6300-6500 yuan / ton, and that of naphthalene process was 6000-6100 yuan / ton; the mainstream quotation of phthalic anhydride market in North China was 6300-6400 yuan / ton, and the observation state of phthalic anhydride field was still in existence, the downstream procurement did not increase significantly, and the driving force of continued rising in the later period was insufficient.

In October, the domestic o-benzene price remained low, and the floor price remained at 4400 yuan / T. the low domestic o-benzene price was a negative influence on the phthalic anhydride market. In addition, the import o-benzene market in the port area remained at a low level, and the external quotation of o-benzene did not change much. The actual transaction price was subject to negotiation. The detailed list was discussed. In addition, the on-site o-benzene merchants were in a strong wait-and-see mood, and the o-benzene price was low The low price of raw material o-benzene is unfavorable to the domestic market price of phthalic anhydride.

At the beginning of October, the DOP market price in the downstream of phthalic anhydride rose slightly. According to the monitoring of the business agency, the domestic DOP price was 7433.33 yuan / ton as of the 29th day, which was 2.53% higher than the price of 7250 yuan / ton at the beginning of the month. The price of isooctyl alcohol in the field was mainly fluctuating. The operation of DOP device was stable, and the spot supply was sufficient. The DOP market price rose slightly. The market of plasticizer industry rose slightly. DOP market quotation was 7450-7750 yuan / ton. The transaction of plasticizer in the market was general, and the downstream market had an upward trend. The domestic phthalic anhydride price rose sharply due to the shortage of supply.

Generally speaking, the crude oil price has declined in recent years, but winter is the peak sales season of plasticizer industry, and the market may rise in the later stage. The phthalic anhydride market is supported by favorable conditions, and the price continues to rise.

In the future, the domestic o-benzene price trend is mainly volatile, but the transaction price of plasticizer has increased, and the price of plasticizer has a strong driving force. It is expected that the market price of phthalic anhydride will rise slightly in November.