According to the data of business agency, the spot price of gold on September 29 was 403.78 yuan / g, a decrease of 4.68% compared with the average price of 423.60 yuan / g in the spot market at the beginning of the month (9.1); the spot price of gold was 342.54 yuan / g at the beginning of the year, up 17.88%; the spot price of gold was 331.75 yuan / g, an increase of 21.71% compared with the average price of spot gold in the spot market at the beginning of September 29 (9.1); the spot price of silver was 448 yuan / g when compared with the peak value (8.7) of the year , down 9.87%.

The average price of silver on September 29 was 5014.33 yuan / kg, which was 19.60% lower than the average price of 6237 yuan / kg in the spot market at the beginning of the month (September 1); the spot price of silver at the beginning of the year (01.01) was 4281.67 yuan / kg, an increase of 14.58%; the spot price of silver was 2942.67 yuan / kg, an increase of 70.40%; compared with the peak value of 8.11, the spot price of silver was 6708.33 yuan / kg , down 25.25%.

US dollar index rebounds strongly and turns green after the end

The reference index of negative correlation of precious metals — the dollar index, rebounded strongly last week and continued to rise for 2 consecutive days this week.

Future forecast

In the early stage, the international market was affected by the strength of the US dollar and the rise of real interest rates, and investors’ preference for precious metals was relatively reduced; after the precious metals experienced a continuous slump after the high horizontal trading, the game between the current profit margin flight and the market bottom fund began, and the market confidence gradually established.

Ye Jianjun, an analyst at the business agency, believes that the monetary easing policies of the major central banks continue, and the price supporting factors are still in place. In addition, geopolitical risk events such as the Sino US situation, the situation in the Taiwan Strait, and the border conflict between China and India frequently occur, narrowing the space for further price reduction of precious metals, and increasing the probability of stabilizing horizontal trading.

Key indicators for future market

1. The latest US non farm data released on the first Friday of October

2. PMI released at 9:00 on the first working day of October

3. The third quarter GDP data released around October 15

4. Central bank policies and Federal Reserve policies of major economies

5. Brexit trade negotiations, US election debates, and geopolitical game emergencies

This week, the spot tin market price (9.21-9.27) rose and then fell back. The domestic market average price was 144112.50 yuan / ton at the beginning of the week and 141475 yuan / ton at the weekend, with a weekly decrease of 1.83%

On September 26, the tin commodity index was 72.07, which was the same as yesterday, decreased by 28.11% from the highest point of 100.25 in the cycle (2011-09-05), and increased by 68.15% from the lowest point of 42.86 on December 09, 2015. (Note: period refers to 2011-09-01 to now).

In terms of futures, Shanghai tin prices rose from Monday to Wednesday, while US dollar prices rose sharply on Wednesday, as well as the impact of overseas public health events, the metal market weakened in an all-round way, and Shanghai tin entered a downward channel..

Spot market this week basically follow the trend of Shanghai tin, first up and then down, after Wednesday into the downward channel. In terms of supply, Myanmar’s ban extended to the end of October. Statistics show that domestic tin ore imports in August fell by 37% year-on-year, with an import of 8077 tons. In terms of refined tin, the import volume in August was 348 tons, down 87.5% month on month. Downstream demand is still general, strong performance in the off-season, most of the downstream demand procurement, limited trading. As of Friday, the promotion and discount of Shanghai tin 2010 contract was maintained at 500 yuan / ton for ordinary cards and 1000-1500 yuan / ton for small cards.

According to the price monitoring of the business agency, in the 38 th week (9.21-9.25) of 2020, there are 4 kinds of commodities in the non-ferrous plate rising month on month, and the top three commodities are antimony (2.93%), silicon metal (1.61%) and cobalt (0.24%). There were 17 kinds of commodities with a decline of more than 5%, accounting for 4.5% of the total number of monitored commodities in the plate; the top three products were silver (- 15.67%), zinc (- 4.51%) and gold (- 4.12%). This week, the average rise and fall was – 1.88%. The metal market rose in the first half of this week, and was affected by the rise of US dollar on Wednesday, and the metal market was mainly downward.

In the aftermarket, the business associations believe that most of the downstream industries of tin are in the off-season, and the demand is more general at present. The price of tin spot market mostly follows the trend of futures market. It is expected that the future market will maintain oscillation.

From September 21 to September 25, 2020, the crude benzene market price will be slightly adjusted. The factory price in North China will be 2473.75 yuan / ton at the beginning of the week and 2511.25 yuan / ton at the weekend, with a weekly increase of 1.52%.

On August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be reduced by 100 yuan / ton, and the price will be 3300 yuan / ton after adjustment. As of September 25, Sinopec’s price has not been adjusted

This week, coking enterprises started to operate well. After two rounds of rising in September, Shandong took the lead in landing, and the downstream demand was good. Coking enterprises generally started higher, and rough labor supply was sufficient. This week, crude benzene prices rose and fell by half. The prices in Shandong and Hebei rose slightly by about 50 yuan / ton, while those in Shanxi Province decreased by 20 yuan / ton. Other areas in Northeast China were low. In terms of fundamentals, crude oil and pure benzene were lower this week, while fundamentals were mainly negative. As of Friday, crude benzene Market in Shandong was about 2530-2550 yuan / ton, up 50 yuan / ton compared with last week.

Start up of some hydrogenated benzene units in September 2020

Enterprise name device status device capacity remarks

Shandong Shengyun chemical shutdown 100000 tons, restart time to be determined

Derun Chemical Co., Ltd. shut down 150000 tons in February

Shandong Jinneng Chemical Co., Ltd. shut down 100000 tons in July

Hebei Jiantao parking 100000 tons in March

100000 tons parking in Baofeng, Ningxia last week

In terms of downstream demand, the operating rate of hydrogenated benzene enterprises this week decreased by about 5% compared with that of last week, and the cost pressure of hydrogenated benzene enterprises was still large, and some enterprises shut down. Close to the long holiday, most manufacturers have completed the stock preparation, which has a certain support for the price of crude benzene.

In terms of aftermarket, the business agency believes that the cost pressure of downstream hydrobenzene enterprises is still high, the market fundamentals of pure benzene and crude oil are weak, and the advantages are insufficient. The phenol operating rate has decreased significantly this week, most of the other products have increased slightly, the downstream profit situation is still not optimistic, the demand for hydrogenated benzene is limited, and the action force in the crude benzene market is insufficient

According to the data monitored by the business agency, as of September 28, the price quoted by pet water bottle manufacturers was 5283.33 yuan / ton, and the price of mainstream manufacturers was around 5250-5350 yuan / ton. The market of polyester bottle chip in South China was in a weak position, with the mainstream price of 5000-5100 yuan / ton.

Pet market is weak, downstream demand is weak, market negotiation focus is weak, downstream cautious wait-and-see demand is not good, the number of new orders is limited, the negotiation atmosphere is low, and just need procurement is the main. At present, polyester bottle chips in East China are running at a low level, and the mainstream manufacturers’ offer is close to 5250-5300 yuan / T. South China is in a weak position. The mainstream negotiation price is 5000-5100 yuan / ton, and the current Xiamen Tenglong price is It is 5300 yuan / ton for GE, 5300 yuan / ton for Guangdong Taibao, 5250 yuan / ton for Zhuhai China Resources, 5250 yuan / ton for Zhejiang wankai, and 5300 yuan / ton for Yizheng Chemical fiber. At present, the shipment is smooth and the inventory is general.

The upstream PTA market is weak, pet is lack of good support, just need procurement is given priority to, and the negotiation atmosphere is dull.

On September 27, PTA commodity index was 33.34, unchanged with yesterday, down 67.92% from 103.92 (2011-09-15), and 10.80% higher than the lowest point of 30.09 on April 22, 2020. (Note: period refers to 2011-09-01 to now)

On September 27, the rubber and plastic index was 645 points, unchanged with yesterday, 39.15% lower than 1060 (2012-03-14), and 22.16% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Pet analyst of business agency thinks: pet market runs smoothly in the short term, and the focus of negotiation is low. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price trend

According to the monitoring of the bulk data of the business agency, the market of chloroform in Shandong has been stable recently. As of September 28, the average price of chloroform in Shandong was about 1980 yuan / ton, an increase of 3.66% compared with 1910 yuan / ton at the beginning of the month.

At present, the domestic trichloromethane market is running steadily. Downstream and traders have good intention to prepare goods before the festival. Affected by enterprises’ burden reduction and demand support, enterprises’ inventory pressure is not great, and the price intention is good. However, due to the transportation restriction during the national day, the price rise space of chloroform is limited. At present, the quotation in Shandong is about 1950-1980 yuan / ton, Jiangxi Liwen is about 2300 yuan / ton, and Jiangsu is about 2650 yuan / ton.

In terms of upstream market, methanol market tends to be stable before the festival, with few offers for logistics goods. Most of the operators wait and see, and the market transaction is average, at present, about 1790 yuan / ton; the liquid chlorine market starts smoothly, the spot supply is sufficient, and the operators are mainly on the wait-and-see manner, and the mainstream price of the industry is about 900-1100 yuan / ton.

The market situation of refrigerants is not clear, the demand is weak, the market transaction is weak, the market price of various types of refrigerants continues to be low, the market lacks obvious positive signals, and the attitude of the industry is negative; the pharmaceutical and agricultural solvent industry started smoothly, and there is insufficient support for dichloromethane.

According to the methane chloride data of the business society, the domestic chloroform market is stabilizing, and the manufacturers have a good attitude of raising prices when the inventory is not under pressure. With the arrival of the National Day holiday, the Limited Logistics and transportation situation will lead to a weak trade in the industry. It is expected that the trichloromethane market will maintain stable operation in a short period of time.

1、 Price trend

This week, the factory price of octanol in Shandong remained stable. This week, the average ex factory price of octanol in Shandong was 7416.67 yuan / ton, down 4.51% from the same period last year. Overall, octanol market remained stable this week, with the octanol commodity index of 54.54 on September 25.

2、 Market analysis

Judging from the manufacturer’s quotation, the main octanol manufacturers in Shandong Province have offered a stable price this week: Jianlan Chemical Co., Ltd. offered 7300 yuan / ton of octanol at the end of this week, which was temporarily stable compared with the beginning of the week; lihuayi’s offer of octanol at the end of this week was 7350 yuan / ton, which was temporarily stable compared with the beginning of the week; Hualu Hengsheng’s offer of octanol this weekend was 7600 yuan / ton, which was temporarily stable compared with the beginning of the week.

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol rose slightly this week, with the quotation rising from 7467.27 yuan / ton at the beginning of the week to 7469.09 yuan / ton at the end of the week, an increase of 0.02%, and a decrease of 4.90% compared with the same period last year. The market price of upstream raw materials is basically unchanged, and the impact on octanol price is limited due to the influence of supply and demand.

The downstream market of octanol, DOP factory price temporarily stable this week. DOP quoted 7266.67 yuan / ton, a year-on-year decrease of 8.79%. The downstream DOP price remains unchanged, the downstream customers’ enthusiasm for octanol purchasing is general, the octanol demand is normal, and the DOP price remains unchanged, which has a limited impact on the octanol market. After the market operators more watch the trend of DOP.

3、 Future forecast

In late September, the market trend of octanol in Shandong was mainly fluctuated. Near the holidays, the upstream propylene market remained unchanged, which gave limited support to octanol, and the downstream DOP market was also stable, the downstream purchasing enthusiasm was general, and the octanol supply was normal. Octanol analysts believe that: in late September, under the influence of supply and demand and raw materials, the octanol market in Shandong may fluctuate slightly.

1、 Price trend

The comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride was 1925.00 yuan / ton, which was 13.68% lower than that of the same period last year. Overall, this week’s potassium chloride market temporarily stable, on September 25, the potassium chloride commodity index was 61.11.

2、 Market analysis

This week, the quotation of mainstream manufacturers of potassium chloride is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 1850 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Anhui Badou potassium chloride sales at the weekend is 2000 yuan / ton, which is temporarily stable compared with the beginning of the week. The actual turnover of potassium chloride market this week is not good. Overall, the main contradiction in the market is that supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly on demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In late September, the overall trend of potassium chloride market or low consolidation. The market of potassium chloride is facing the pressure of three mountains, namely, the large stock in Hong Kong, the weak demand and the downward trend of international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Potassium chloride analysts of the business club believe that the short-term potassium chloride market is mainly low consolidation under the influence of supply and demand and raw materials.

According to the data monitored by the business agency, as of September 27, the comprehensive price of PC market was 15000 yuan / T, and the price of domestic PC market was up, and the negotiation atmosphere was positive. Compared with the same period last week, the price of PC increased by 3.21% and 5.39% compared with the same period of last month, showing an overall upward trend.

The domestic PC market has been running steadily, and the market has recovered steadily. Merchants are actively shipping and the price is mainly stable. The price in South China is 15000-16450 yuan / ton, and the medium and high price is between 16000 and 18000 yuan / ton. The overall atmosphere of PC is good, and the rising trend is maintained in the short term. The latest prices of enterprises are: Luxi Chemical 14800 yuan / T, Lihua yiweiyuan 14200 yuan / T, Shanghai Kesi 15800 yuan / T, with smooth shipment and normal supply.

The overall market price of bisphenol in the upstream market was in a downward trend, and the support of PC cost side was weakened.

On September 27, the rubber and plastic index was 645 points, unchanged with yesterday, 39.15% lower than 1060 (2012-03-14), and 22.16% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Business agency PC analysts believe: in the short term, the PC market is expected to digest the early growth, focusing on stable operation. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

Zinc price trend

According to the business agency data monitoring: zinc prices continue to fall this week, the zinc market is lower. As of September 27, the average price of zinc was 19570.00 yuan / ton, down from 20493.33 yuan / ton on September 21 at the beginning of the week, with a decrease of 4.51% this week and a year-on-year increase of 3.36%.

Zinc price in LME Market

From the trend chart of zinc price in LME market, it can be seen that the international zinc market is lower this week, and the zinc price continues to decline. The decline of international zinc market is bad for domestic zinc market, and the downward pressure of domestic zinc market is increasing.

New global epidemic data

It can be seen from the new data of the epidemic situation that the data of newly confirmed cases in recent years has continued to rise, which has hindered enterprises from returning to production and work, and seriously affected the global economic recovery. The economic recovery is slow, the demand for zinc market is slow, the demand for zinc market is negative, and the downward pressure of zinc market is greater.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, said: the prices of Lunzhou zinc and Shanghai zinc both fell by more than 5% this week, and the zinc price fell sharply, indicating that the recent weak zinc market and the lack of expectation of zinc market demand may be the main reason for the continuous decline of zinc price in the near future. Recently, the new data of foreign epidemic situation is still high, and there is a trend of “new high”, which has formed a major blow to the current global resumption of production and work. The global economic recovery is delayed, and the zinc market’s demand for zinc ingots is expected to decline. With the US election approaching, investors are nervous, investors are cautious about market fluctuations, and their risk aversion is high. Stock markets in many countries are falling and stock markets are falling, which is a drag on period Commodity zinc market fell, on the spot zinc price market negative. Generally speaking, the panic psychology in the zinc market is big, which drags down the price of zinc ingots. It is expected that the future zinc market will fluctuate lower.

According to the business agency monitoring: hydrogen peroxide in September ended the downturn in August and ushered in a big rise. In the first half of the month, the price of hydrogen peroxide has been soaring, with the increase of 18.35%. In the second half of the month, the market gradually stabilized, and the price remained stable, with a slight correction. At the beginning of September, the average market price of hydrogen peroxide was 926 yuan / ton. On September 27, the average market price of hydrogen peroxide was 1090 yuan / ton, with a price increase of 17.63%.

Let’s specifically analyze the reasons for the rise and fall of hydrogen peroxide in September 2020

In the first half of September, the market of terminal caprolactam rose due to the shortage of supply due to the equipment maintenance of pure benzene manufacturers. In addition, September was the traditional peak season for hydrogen peroxide consumption, and the terminal demand was boosted. The price of hydrogen peroxide has been rising all the time. The price of hydrogen peroxide rose by more than 7% in the first week and continued to increase in the second week. As of September 13, the average market price of hydrogen peroxide was 1096 yuan / ton, an increase of more than 18%.

In the second half of the month, due to the hydrogen peroxide market rose too fast in the early stage, the enthusiasm for terminal procurement declined. After the hydrogen peroxide surge, a small callback was successively ushered in, and the overall situation was still stable. As of September 27, the average market price of hydrogen peroxide was 1090 yuan / ton, which was about 1% lower than that on September 13.

According to the rise and fall chart of hydrogen peroxide from 2019 to August 2020, it can be seen that the rise of hydrogen peroxide in 2019 is mainly concentrated in the first half of the year, the price of hydrogen peroxide is rising from February to may, and increases sharply in August and October. In 2020, the performance is flat, basically falling, and only in June it rose by more than 30%. 7. Hydrogen peroxide was in decline in August, and the terminal demand turned better in September, and the manufacturers collectively rose sharply. Only then did hydrogen peroxide usher in the rise again.

Hydrogen peroxide analysts in the business club believe that: gold nine has arrived, some hydrogen peroxide manufacturers have to stop for maintenance, supply is tight, and silver 10 is still available.