After stepping into the traditional “silver ten”, propane peak season effect is obvious. After the 11 small holidays, propane prices have been pushed up to 4000 yuan / ton. According to the data monitoring of the business agency, the average market price of propane was 3277.50 yuan / ton on October 8 and 3737.50 yuan / ton on October 23, with an increase rate of 14.04% and an increase of 8.10% compared with September 1.

In October, propane Market showed a continuous upward trend. Most of the ex factory prices in Shandong market have risen to about 3800 yuan / ton. At present, the market trend is still strong, breaking through the 4000 yuan / ton mark is close at hand. With the advent of the traditional sales season, the rise is expected. In the international market, the high import cost has brought support to the market. After the festival, the weather dropped significantly, the temperature dropped, the terminal demand increased, and the downstream replenishment cycle shortened, which brought obvious benefits to the market. In terms of supply, domestic refineries partially overhauled in October, and the market supply decreased, which also brought some support to the market. The mentality of the downstream is good and the enthusiasm of entering the market is high. Manufacturers to ship smoothly, inventory is mostly at a low level, strong mentality, prices continue to push up. Strong bullish attitude towards the future market, positive market entry, good atmosphere for market transactions. Refinery mentality is firm, continuously increase factory prices, inventory is mostly in low level.

Although the domestic propane market is on the rise as a whole, there are still differences between the South and North markets. Due to the obvious cooling of the weather in the northern market, the demand has increased substantially, and the price has been mainly pushed up. The rise of the southern market was not as obvious as that of the northern market. During this period, some of them fell, but in the later stage, with multiple favorable conditions, it entered the upward channel. As of October 23, the mainstream prices of propane in different regions in China are as follows:

Regional specification October 23

Propane in East China,% (V / V) not less than: 95 3350-3600 yuan / ton

Propane in North China,% (V / V) not less than: 95 3710-3750 yuan / ton

Propane in Shandong area,% (V / V) not less than: 95.3650-3750 yuan / ton

Propane in South China,% (V / V) not less than: 953700-3750 yuan / ton

Propane in Central China,% (V / V) not less than: 953800-3950 yuan / ton

In terms of international market, Saudi Aramco released CP in October 2020, with propane at 375 USD / T, up by 10 USD / T compared with last month, and butane at 380 USD / T, up by 25 USD / T compared with last month. Near the end of the month, CP will be released in November, and the current expectation is rising, which is good for the market mentality.

At present, the international crude oil shows a downward trend, which brings some restraint to the rising market. The demand side and supply side support the price rise one after another. The current peak season effect is obvious. The downstream market entry enthusiasm is better, the manufacturers’ shipment is smooth, the inventory is mostly maintained at a low level, and the mentality is mostly firm. It is expected that the propane market will still rise in the future.

Price trend

According to the data from the business club’s bulk list, the domestic PA66 market continued to be positive in late October, with various models of products at a high level, and some of them still rose. As of October 26, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 21500 yuan / ton, an increase of 4.12% compared with the average price level at the beginning of the month.

In terms of adipic acid upstream of PA66, the domestic adipic acid market has been running weakly and stably recently, and the quotations of dealers in some regions have risen or fallen slightly. At present, the inventory pressure of adipic acid manufacturers is maintained at a high level, and the unit operating rate is about 80%. Domestic manufacturers’ quotation is mainly stable for the time being. Recently, adipic acid is in the traditional off-season, the downstream demand just needs to take delivery, and the demand growth is not as expected. Adipic acid fundamentals have a certain degree of contradiction between supply and demand. In terms of cost end pure benzene, the recent rise was driven by the rise of downstream styrene for two weeks, with strong support for adipic acid. However, with the slow down of demand and the high level of port inventory of pure benzene, pure benzene may be stable in the near future. Overall, although the upstream support is strong, the market is still weak and stable due to oversupply.

The upstream adipic acid generally supports the cost of PA66, and the current market of PA66 is relatively positive. The domestic spot market will undertake the increase in September from the end of the festival. The operating rate of PA66 in China is maintained at about 50%. Due to the main supply of core downstream customers, the supply of goods in the market is generally insufficient. On the basis of BASF’s letter of price increase at the beginning of the month, DuPont, a major international manufacturer, announced or will increase the price of nylon related products last week. The replenishment operation of downstream factories tends to maintain the rigid demand, but the current consumption of PA66 is at the level of traditional peak season. The automobile and household appliances industries have made significant efforts, and the purchase and sales of PA66 have increased significantly. Tight supply pattern into the traditional peak season, the natural further expansion of growth. Recent business offers are still rising, PA66 is expected to continue the strong trend.

Business agency analysts believe: last week domestic PA66 market continued a positive trend. The spot price of adipic acid in the upstream is weak, with large stability and small movement, which does not support the cost side of PA66. Downstream factory inquiry and procurement to maintain just demand operation, traditional peak season consumption has been expanded. At present, the continuous tight supply and increased demand are the key factors for the recent sharp rise of PA66. At the same time, the external disk helps layer out. It is expected that the market situation of PA66 will continue to be stronger in the short term.

According to the price monitoring data of business agency, as of October 26, the reference average price of domestic n-propanol including packaging in mainstream areas was around 11266.67 yuan / ton, which was 167 yuan / ton lower than that on October 19 (the average price was 11433.33 yuan), with an increase or decrease of 1.46%.

At present, the domestic market of n-propanol in Shandong has a narrow range of shocks and downward trend. The quotation of regional dealers has been lowered, with the downward range of 100-300 yuan / T. the original external market of ethylene has fallen recently, which has limited support for the n-propanol market, and there is no obvious boost to the downstream demand. The n-propanol manufacturers have reduced their prices to ship goods for the sake of smooth delivery. As of the 26th, the reference price of n-propanol bulk water in Shandong was 10200-10500 yuan / ton, which was about 300 yuan / ton lower than that on 25th. The mainstream price including packaging was about 11000-11500 yuan / ton, and the low-end price was 300 yuan / ton lower than that on 25th. At present, the ex factory price of n-propanol bulk water in Nanjing is stable around 10000-10100 yuan / ton, and the adjustment is not big during the period.

In terms of raw materials, on the 23rd, in the European ethylene market, FD northwest Europe quoted 706-719 USD / T, down 1 USD / T; CIF northwest Europe quoted 697-706 USD / T, down 1 USD / T. the recent market demand was general, and the international oil price fell on Friday (October 23), affected by increased concerns about crude oil demand. On the 23rd, the U.S. WTI crude oil futures market price fell, with the settlement price of main contracts at $39.85/barrel, down $0.79. Brent crude oil futures market price fell, the main contract settlement price to 41.77 US dollars / barrel, down 0.69 US dollars. Affected by the price of upstream crude oil, ethylene market may fall mainly in the later period.

The price fluctuation is limited after n-propanol is put into operation

At present, the downstream demand of n-propanol is general, and the terminal market is relatively large, but there is no good. According to the data analyst of the business club, it is expected that the market as a whole will fluctuate slightly in the short term, mainly to maintain stability, and it is difficult to make a big breakthrough.

According to the business agency data monitoring, as of October 26, the reference average price of 30% grade phosphate ore in domestic mainstream areas was around 386.67 yuan / ton, which was basically the same as a week ago. Compared with October 1, the average price was increased by 10 yuan / ton, or 2.65%.

In recent years, the domestic phosphate rock market has moved up, downstream purchase on demand

In the middle of October, the domestic Guizhou region led the overall upward trend of the national phosphate ore market. The quotation of medium and low-grade phosphate ore was raised one after another by 10-20 yuan / ton. At present, the quotation of mining enterprises is firm, and the downstream moderate orders are received. The yellow phosphorus and phosphoric acid market prices have been rising to support supply and demand, and the supply and demand remain stable. The quotation of 30% grade phosphate ore car plate in Guizhou Province refers to 300-360 yuan / ton, 28% The price of 30% grade phosphate ore in Guizhou Xifeng Phosphate Mine Co., Ltd. is 350 yuan / ton. The platform price of 30% grade phosphate ore of Guanglong Mining Co., Ltd. of Kaiyang, Guizhou is 300 yuan / ton, and that of 28% grade phosphate ore in Fuquan Huifa, Guizhou is 280 yuan / ton. At present, the phosphate ore market in Yunnan and Hubei is in stable operation. The quotation of 28% grade phosphate ore in Yunnan is around 270-290 yuan / ton, and that of 30% grade phosphate rock in Hubei Province is 380-400 yuan / ton.

Downstream, yellow phosphorus, domestic yellow phosphorus market rose slightly last week. The spot sales in the yellow phosphorus market are basically normal, but the spot is a little nervous, and the manufacturers are reluctant to sell. The price in Yunnan is relatively stable; the price in Guizhou rises; the price in Sichuan rises slightly. Up to now, the mainstream quotation of yellow phosphorus in Yunnan is about 16200 yuan / ton; that in Sichuan is about 16000 yuan / ton; that in Guizhou is about 16000 yuan / ton. With the normal water period approaching, the electricity prices in Yunnan and Sichuan have been increased, and the production costs of yellow phosphorus enterprises have increased. At present, the yellow phosphorus enterprises intend to raise their prices.

The rising mentality of downstream supports the stable operation of phosphate ore market

At present, the normal water period is approaching, and the downstream yellow phosphorus enterprises intend to raise the price, but the downstream of the terminal slightly contradicts the rising price. The market is running at a high level, and the price of phosphoric acid is also rising slightly driven by yellow phosphorus. The rising market in the downstream gives strong support to the phosphate ore. therefore, the phosphorus ore Data Engineer of the business society believes that the market price of phosphate ore in our country will continue to operate at a high and stable level in the short term.

1、 Price trend

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price fell in two stages in the past ten days, with a high price of 7492 yuan / ton on October 17; it began to stabilize on October 20, and began to decline again on October 23; the low price on October 26, 7142 yuan / ton, decreased by 4.67% on October 10.

2、 Analysis and comment

According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th At present, the market turnover is between 7075 and 7300 yuan / ton, and the mainstream price is about 7100 yuan / ton. Now the pressure of shipment is increasing.

On October 23, crude oil prices fell slightly, with limited impact on propylene.

In recent ten days, the spot price of PP remained stable and had no effect on propylene.

In recent ten days, the acrylic acid market declined slightly, with a decline of 0.31% on the 10th, which had little impact on propylene.

In recent ten days, the market of propylene oxide almost remained stable. Today, it dropped sharply, with a daily drop of 2.99%, which had a negative impact on propylene.

In recent ten days, epichlorohydrin price rose in stages, with a 10 day increase of 1.49%, which had a slightly positive impact on propylene.

In recent ten days, the domestic price of n-butanol dropped slightly after rising, with a 10-day increase of 1.02% and a 10-day amplitude of 1.53%.

In recent ten days, octanol market declined by 0.44%, which had little impact on propylene.

In recent ten days, the isopropanol market declined steadily, with a decline of 6.27%, which had a negative impact on propylene.

The fluctuation of phenol in East China remained stable for 10 days, with a slight impact on the amplitude of 10.1%.

The price of acetone in East China stabilized after falling in the past ten days, with a decrease of 9.67%, which had a certain suppression effect on propylene.

3、 Future forecast

The propylene analysts of the chemical branch of the business society believe that: on the whole, the inventory of propylene manufacturers is increasing, the crude oil price is fluctuating, the propylene price goes down at the weekend, the downstream operating rate and profit margin are OK, but the supply of goods is sufficient, and the price is mostly downward, so it is expected that the propylene price will continue to decline slightly in the near future.

According to the monitoring of business agency, the price of activated carbon is 10866 yuan / ton at the beginning of this week, and 10866 yuan / ton at the end of this week, which is stable.

The price of activated carbon in China is stable. At present, the ex factory price of activated carbon for water purification of coconut shell in East China is about 7000-12000 yuan / T; the domestic activated carbon market is mostly based on orders, and the quotation is stable.

The cost pressure of coconut shell, fruit shell and charcoal as the main raw materials in the upstream of activated carbon was supported, and the demand turned better; the cost support of coal based carbon raw materials was weak. The downstream power, medicine and other demand industries purchase goods according to the order. The purchase market of activated carbon for air purification and water purification is favorable, and the environmental protection policy boosts the activated carbon market.

Forecast: the overall lack of good support for activated carbon, the market is generally not fast, it is expected that the activated carbon market will be mainly shock finishing in the short term.

1、 Price trend

Taking rutile titanium dioxide produced by sulfuric acid process, which has a large volume of domestic market as an example, the price of titanium dioxide is stable this week, with an average price of 14500 yuan / ton.

2、 Market analysis

This week, titanium dioxide price high operation, new single price high. At present, the domestic ex factory price of rutile titanium dioxide is 14000-15000 yuan / ton, and that of anatase titanium dioxide is 11800-12500 yuan / ton. At present, the export of enterprises has increased, and the export market has maintained a good growth. Domestic spot is very tense, and the holding companies are reluctant to sell, and the new single price is gradually rising.

In terms of raw materials, this week, Panzhihua titanium ore quotation was raised, and the price quotation of titanium ore was firm and upward. At present, the quotation of 38 titanium ore without tax is 1200-1250 yuan / ton, that of 46 and 10 titanium ore is 1800-1850 yuan / ton, and that of 20 ore is 1550 yuan / ton. This week, Panzhihua miners are more reluctant to sell. The downstream titanium dioxide is tight and the price is high. The spot titanium ore in the trading market is tight. The cost of titanium concentrate is boosting, and the market atmosphere is more favorable. In the short term, titanium concentrate prices continue to run high. It is a single opinion. It forms a strong support for the downstream titanium dioxide market.

3、 Future forecast

Business Club titanium dioxide analysts believe: the current raw material titanium ore price is high, titanium dioxide cost support is strong. In terms of demand, the export of titanium dioxide kept a good growth, and the overall inventory of manufacturers was low. Domestic spot is very tight, new single prices remain high. It is expected that the spot market of titanium dioxide will continue to strengthen in the short term, and the actual transaction price will be discussed.

According to statistics, the price trend of domestic fluorite is temporarily stable. As of the end of the week, the average price of domestic fluorite was 2666.67 yuan / ton, which was the same as the price of 2666.67 yuan / ton at the beginning of the week, with a year-on-year decrease of 7.34%.

The price trend of domestic fluorite market is fluctuating. Recently, some manufacturers have reported that their goods are not in good condition, the downstream demand has not improved, and the fluorite price has not changed much. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is not good, and the fluorite market price remains stable temporarily. In the near future, the downstream hydrofluoric acid market price remained low, and the terminal downstream on-demand procurement was dominant, and the purchasing sentiment was not strong. As of the 23rd, the price of 97 fluorite wet powder in Inner Mongolia was 2400-2600 yuan / ton, the mainstream negotiation in Fujian was 2500-2700 yuan / ton, the price of 97 fluorite wet powder in Henan was 2600-2700 yuan / ton, and the price of 97 fluorite wet powder in Jiangxi Province was 2600-2700 yuan / ton, Recently, the domestic fluorite price remains stable.

The price trend of hydrofluoric acid in the downstream of fluorite decreased slightly. As of the 23rd, the domestic hydrofluoric acid market price was 8400 yuan / ton. This week, the hydrofluoric acid market price remained low. The low hydrofluoric acid market price had a negative impact on the upstream fluorite market, and the fluorite market price trend was temporarily stable. The market of refrigerants is still poor, the demand continues to be weak, and the market is hard to find. The overall refrigerant industry chain is going down. The prices of various types of refrigerants continue to stay low. The manufacturers are under pressure to ship, and the sales pressure is increasing. The raw material hydrofluoric acid remains weak and stable. The support force is general. The export volume of refrigerant is expected to decline. The output of downstream air conditioning is low, and the demand is scarce. The off-season effect of after-sales market continues , reduce the price of goods to seek good. On the whole, the refrigerant market is hard to find good factors, the price continues to be low or will become normal, and the transaction center of gravity begins to move down. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price is falling. However, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 12500-15500 yuan / ton. The market of R134a in China has dropped, the automobile market industry has been in a downturn, the demand is weak, the market trading center has shifted downward, and the transaction atmosphere is light. There is sufficient supply of goods in the market, and there are new production capacity entering the market in the future market. The competition is fierce. The supply side gradually forms a negative situation. The price keeps falling. The downstream demand is not improved. The price of fluorite remains low.

On the whole, the market situation of downstream refrigerants is not good. In addition, hydrofluoric acid merchants have reported that hydrofluoric acid delivery is poor, and the downstream hydrofluoric acid market is in a serious deficit state. Chen Ling, an analyst at the business agency, believes that the fluorite market price may remain low in the short term.

According to the monitoring of the business agency, the price trend of domestic anhydrous hydrofluoric acid was slightly lower this week. As of the end of the week, the market price of hydrofluoric acid was 8400 yuan / ton, down 0.12% compared with 8410 yuan / ton at the beginning of the week, and 13.22% lower than that at the beginning of the week.

In recent years, the domestic hydrofluoric acid price trend has remained low. Up to now, the mainstream price of hydrofluoric acid in various regions of China is 7700-8200 yuan / ton. The domestic hydrofluoric acid trading market is weak. The negative factors for the low price of hydrofluoric acid include the following aspects:

First, the market price of hydrofluoric acid raw material fluorite remained low. As of the end of the week, the domestic fluorite price was 2666.67 yuan / ton. Recently, the domestic spot supply of fluorite was sufficient, and the on-site shipment was not positive, and the price of fluorite remained low. By the end of the weekend, the mainstream of domestic fluorite negotiation was RMB 2550-2700 / T. the decline of fluorite price was a negative effect on hydrofluoric acid market, and the domestic hydrofluoric acid market price fluctuated at a low level.

Second: the market trend of domestic refrigerants has declined this week. In recent years, the sales market of automobile industry is not good. The demand for refrigerants is still weak, and the market is hard to find. The overall market of refrigerants is going down. The prices of various types of refrigerants continue to be low. Manufacturers are under pressure to ship, and the sales pressure is increasing. The raw material hydrofluoric acid maintains a weak stability, and the supporting force is general. The refrigerant exports The volume is expected to decline, the downstream air conditioning output is low, the demand is scarce, the off-season effect of the after-sales market continues, and the price reduction shipment is looking for good. On the whole, the refrigerant market is hard to find good factors, the price continues to be low or will become normal, and the transaction center of gravity begins to move down. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price is falling. However, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 12500-15500 yuan / ton. The market of R134a in China has dropped, the automobile market industry has been in a downturn, the demand is weak, the market trading center has shifted downward, and the transaction atmosphere is light. With sufficient supply of goods in the market and the impact of new production capacity entering the market, the competition is fierce, the supply side gradually forms a negative situation, the price continues to fall, the downstream demand is not improved, and the price trend of hydrofluoric acid market slightly declines.

Third, the domestic hydrofluoric acid spot supply is sufficient, the hydrofluoric acid on-site devices operate stably, and the hydrofluoric acid market price remains low. So far, the mainstream hydrofluoric acid negotiation in the southern region is 7700-8200 yuan / ton, and the hydrofluoric acid price in the northern market is 7700-8500 yuan / ton. Recently, the price trend of domestic hydrofluoric acid market is temporarily stable. Some manufacturers report that hydrofluoric acid exists in the cracks, and most of them have serious losses and the stock market is not good.

On the whole, affected by various negative factors, the domestic hydrofluoric acid market price remains low. In addition, the downstream refrigerant industry demand has not improved significantly. The upstream fluorite price remains low, and the downstream refrigerant product price drops slightly. Chen Ling, an analyst of hydrofluoric acid in the business agency, believes that the market price of hydrofluoric acid may remain low.

According to the price monitoring of the business agency, the domestic spandex market is still rising this week, but it is slightly moderate. As of October 23, the average price of spandex 40d specification is 35400 yuan / ton, up 0.85% compared with the beginning of the week, and 11.46% higher than that at the beginning of the week. Some spandex manufacturers offer to rise around 1000 yuan / ton, start to maintain at a high level of 80%, but supply is still tight. The upstream raw material market maintains a high level, the cost side is favorable, and the support continues. Downstream terminals follow up on demand, and the overall market atmosphere is getting stronger.

Mainstream price statistics of spandex market this week (unit: yuan / ton)

20D 30D 40D

Zhejiang 37000-39000 36000-38000 30000-32000

Shandong 37500-40000 36500-39000 31000-33000

Fujian 37500-40000 36500-39000 31000-33000

Jiangsu 37000-39000 36000-38000 30000-32000

Price statistics of domestic pure MDI market this week (unit: yuan / ton)

Regional up and down from October 16 to October 23

South China 28000-29500 34000-35000 5500-6000

North China 28000-29500 34000-35000 5500-6000

East China 27500-29500 34000-35000 5500-6500

Due to the shortage of raw materials in the pure MDI market, as well as the fact that most of the domestic devices were repaired in the second half of the month, the price of pure MDI market continued to rise. As of October 23, the market quotation was 34000-35000 yuan / ton, which was 5500-6500 yuan / ton higher than that at the beginning of the week. The industry started 5.60% of the total, with a slight decline. The spot supply continued to be in short supply. The sellers were reluctant to sell at low prices, and the offer remained high and stable. The price of PTMEG market continued to rise, with the mainstream quotation of 1800 molecular weight goods source ranging from 15000-15500 yuan / ton, and the actual negotiation price was 14200-15400 yuan / ton, which was about 500 yuan / ton higher than that at the beginning of the week. In terms of devices, 75% of the plants have been started in the industry, and most of them are stable. Among them, the 40000 ton units in Yizheng Dalian are still in shutdown.

The purchasing atmosphere of downstream terminal customers is good, and the factory hand over the early orders. The start-up of Xiaoshao area in Zhejiang Province is normal, and the level of round knitting machine and wrapping yarn market is maintained at 70-80%; in Wujiang area of Jiangsu Province, the starting level of wrapping yarn market is maintained at 70-80%; the overall market operation in Fujian is stable, with lace at 40% and warp knitting at 60-70%; the enterprises in Guangdong Province have slightly improved, and the market of wrapping, warp knitting and circular knitting machines is maintained at 60-80%.

Business analysts believe that in the near future, in preparation for the “double 11″ and the increase in fabric demand in autumn and winter, the transfer of orders in India, the expectation of extremely cold weather, and the increase of orders in spring and summer of 2021, the overall textile market has opened a round of price rising tide and rush wave. For spandex, manufacturers supply tension has not yet eased, there is no lack of intention to continue to explore the rise, but the rise is slightly cautious. The cost support still exists, and the follow-up of the terminal market is somewhat slow. Overall, the spandex market is likely to remain up.