Commodity index: on September 15, the commodity index of polyaluminum chloride was 84.94, which was the same as yesterday, decreased by 22.08% from the highest point of 109.01 in the cycle (August 28, 2019), and increased by 0.74% from the lowest point of 84.32 on August 18, 2020. (Note: cycle refers to the period from April 1, 2019 to now)

According to the data, in the first half of September, the mainstream quotation of polyaluminum chloride solid and content ≥ 28% was stable, which dropped slightly on the basis of the price fluctuation and increase in the second half of August, and remained stable at the price of 1571.43 yuan / ton.

Business agency data show that, in the upstream products of polyaluminum chloride, the comprehensive price of hydrochloric acid in North China continued to decline slightly in the first half of September. On the 26th of last month, the quotation of hydrochloric acid dropped by more than 5% to 300 yuan / ton. Since the beginning of this month, some manufacturers have lowered their prices for many times. Up to now, the cumulative price has been reduced by about 40 yuan / ton. Now, the comprehensive price in North China is about 282.50 yuan / ton. The upstream liquid chlorine Market of hydrochloric acid is temporarily stable, the cost support is general, the maintenance of hydrochloric acid enterprises is increasing, and now it is easy to make poison, and it is difficult to handle the procedures. The supply of hydrochloric acid is relatively tight, and the downstream enterprises have a good purchasing enthusiasm. However, the by-product acid continues to impact the market, and the hydrochloric acid delivery pressure is large. Recently, the market price of hydrochloric acid in Shandong Province may fluctuate slightly. Downstream of polyaluminum chloride: the role of jinjiuyinshi in the traditional sales peak season has not been clearly reflected in the downstream purchase of polyaluminum chloride. However, due to the adjustment of the cost and price of various raw materials, some manufacturers have slightly increased the quotation for new customers, but rarely changed the quotations for old customers.

In terms of the industry, the demand of water treatment industry should enter the peak season in September. Environmental protection, temperature and other factors have a great impact on the follow-up market of the industry. The prices of calcium powder and other raw materials of some enterprises have increased, but the price of hydrochloric acid as raw material has also decreased slightly. These factors comprehensively affect the market.

With regard to the future market, the business agency analyzed that under the influence of the “golden nine silver decade” and subsequent temperature and environmental protection, the market expected that the water treatment market would rise. The future trend of polyaluminum chloride will be stable and bullish, but the range and speed may not be particularly dazzling.

1、 Trend analysis

According to the nickel price monitoring of the business agency, on the 16th, the nickel price dropped slightly. The spot nickel price was 119300 yuan / ton, down 0.22% from the previous day, 14.76% year-on-year and 4.9% higher than the beginning of the year. Shanghai nickel’s main market opened at 118900 yuan, and the price fluctuated slightly after the opening, closing at 117540 yuan, down 1.05%. LME3 closed at $15260, up 0.13%. Shanghai nickel’s main market opened at 118900 yuan, and the price fluctuated slightly after the opening, closing at 117540 yuan, down 1.05%. LME3 closed at $15260, up 0.13%.

2、 Market analysis

The nickel price has been adjusted due to the drag of the external environment. The domestic nickel ore at the supply end is tight, and the price of ferronickel remains stable. The profit of domestic ferronickel plants is near the profit and loss. Due to the shortage of raw materials, some ferronickel plants have passively reduced production. Indonesian ferronickel has been put into production in a centralized manner, and there may be more increments in the future, and the overall supply environment tends to be relaxed. The Philippines was seriously affected by the epidemic, and the price of ferronickel rose, and the production cost of nickel enterprises was higher. In the near future, the price of downstream stainless steel has maintained a short-term adjustment stage, and the domestic demand for new energy vehicles is gradually recovering, and the sales volume of new energy vehicles in Europe is growing rapidly.

3、 Future prospects

Future forecast: nickel price will be adjusted by the external environment in the short term, but the overall strong trend remains unchanged.

According to the price monitoring of the business agency, the domestic PTA spot market price rose slightly on September 16, with an average price of 3503 yuan / ton on the spot market on that day, up 0.30% compared with the previous trading day and a year-on-year decrease of 33.31%. PTA main futures (2101) closed up and closed at 3660, up 22% or 0.60% from the previous trading day.

Recent changes of PTA plant in China

Production enterprise unit capacity (10000 tons / year) unit operation status

Ningbo Yisheng 220 was shut down for maintenance on September 3 for two weeks, and it is planned to restart in the evening of September 16, which remains to be noticed

Huabin Petrochemical 140 reduced the load by 50% on September 16, which is expected to maintain for one week

Hailun Petrochemical 120 was overhauled on August 2 and is scheduled to restart at the end of September

Yizheng Chemical fiber 65 is planned to be overhauled for about 10 days in October

Yadong petrochemical company plans to overhaul about 2 weeks in mid November

Hanbang Petrochemical 220 plans to overhaul for one month on September 30

In terms of PTA plant, Huabin Petrochemical’s 1.4 million ton PTA plant began to reduce its load by 50% today (September 16) and overhaul the other half of its production capacity, which is expected to maintain for about a week, and PTA prices have been supported to some extent. However, Eason Ningbo 2.2 million tons PTA plant is about to restart, new capacity is also planned to be put into operation, and the surplus is expected to continue to exert pressure.

In the raw material market, the hurricane affected the crude oil rebound, which was beneficial to the market mentality. As of September 16, the international crude oil WTI closed at $38.28/barrel, up $1.02/barrel compared with the previous trading day; Brent closed at $40.53/barrel, up $0.92/barrel compared with the previous trading day. Dongying Weilian’s 1 million T / a PX new equipment was put into production on September 15, and the load is steadily increasing. It is expected that the PX market price will be weak in the short term.

The overall production and sales of polyester downstream are difficult to sustain. The production and sales of mainstream large polyester filament factories are 50% – 70%, and the production and sales of some better factories can reach 110%. In terms of inventory, the overall inventory of polyester market is concentrated in 33-43 days, of which POY inventory is 11-17 days, FDY inventory is around 22-34 days, and DTY inventory is about 31-43 days. The price quoted by the factory is basically stable, and the discount is cancelled, among which polyester POY (150D / 48F) is quoted as 5000-5250 yuan / ton.

In recent years, some fabrics in the terminal traditional textile market have become smooth, and the transaction of polyester brocade and brocade cotton creative fashion fabrics has been gradually promoted. The spot transaction styles of middle and high-grade varieties have increased, and the subscription is mainly in small batches and varieties. The overall market trend is partial smooth, and the market confidence is gradually restored. The orders of textile enterprises are gradually improving, and the comprehensive starting rate of Jiangsu and Zhejiang looms is maintained at 7 More than 3%.

Xia Ting, an analyst at the business agency, believes that the PTA cost side is supported by the rise of crude oil, but some of its own units are planned to restart, and the downstream polyester production and sales are poor, the market atmosphere is flat, and whether the terminal consumption capacity can continue to improve remains to be seen. It is expected that the short-term PTA market will be weak, and the future market still needs to pay attention to the changes in crude oil and units.

According to the monitoring data of the business agency, as of September 15, the average ex factory price of domestic n-butanol was 6016 yuan / ton. Compared with September 7, the average price of domestic n-butanol increased by 183 yuan / ton, or 3.14%; compared with September 1, the average price of domestic n-butanol increased by 316 yuan / ton, or 5.56%.

Multiple benefits push forward the transaction center of n-butanol

In the first week of September, the domestic n-butanol market has risen steadily. The high price of propylene gives support to the cost of n-butanol. The downstream replenishment of n-butanol was good, the market trading atmosphere turned better, and the transaction focus moved up. As of September 6, the average ex factory price of n-butanol was 5766 yuan / ton, which was increased by 66 yuan / ton or 1.17% compared with September 1.

Since last week, driven by multiple positive, the domestic n-butanol market as a whole rose. In terms of cost, the raw material propylene continued to rise at the beginning of the month to give support, and the pressure on the cost of n-butanol continued to increase, and the quoted price of the factory moved up accordingly. On the supply side, in September, some factories stopped for maintenance and the cost pressure was small, and some factories reduced the operating rate. In addition, the recent shortage of shipping port deliveries and the overall low spot stock of n-butanol market gave the operators confidence in price support. In terms of demand, timely replenishment was made to downstream users, and the upstream and downstream market conducted well. The secondary suppliers led the market offer to maintain firm, and the transaction center kept moving upward.

On the 15th, affected by the pre holiday preparation and tight supply, the mainstream quotation of n-butanol market was raised again, and the low price offer was gradually reduced. The price of butanol in the vicinity of 200-100 tons was generally raised by domestic manufacturers. At present, Shandong lihuayi n-butanol factory offer reference 6050 yuan / ton, increased by 150 yuan / ton compared with September 8; Luxi Chemical’s ex factory quotation of n-butanol refers to 6000 yuan / ton, up 200 yuan / ton compared with September 8. According to the monitoring of the business agency, the average ex factory price of domestic n-butanol is 6016 yuan / ton, which is 316 yuan / ton higher than that on September 1, up 5.56%.

The market price of n-butanol in some parts of China is attached (data for reference only, unit: yuan / ton)

Product name up and down on 9 / 8 / 9 / 15

N-butanol in East China

South China 6300 6500 + 200

6000 6000 in North China

Upstream, on September 14, the propylene market price in Shandong kept rising. According to the price chart of the business agency, the price of propylene broke through the cyclical fluctuation range at the beginning of last month, and began to fluctuate in a narrow range, and the market fluctuation was small. However, since September 1, the price of propylene has been rising all the way, and the upward range is getting bigger and bigger. Up to the 4th, the price of propylene has risen by 300 yuan / ton. From the 7th to 10th, the first round of downward adjustment occurred, with a total reduction of 100-150 yuan / ton, and then slightly stabilized. Since the 13th, the price has risen again. Today, the price has risen by 100 yuan / ton. At present, the market transaction is between 7100 yuan / ton and 7400 yuan / ton, and the mainstream price is about 7250 yuan / ton. Propylene manufacturers’ shipment has improved.

If the demand will weaken, short-term n-butanol or high-level finishing operation

As far as the current situation is concerned, the pressure on the cost side of n-butanol is not reduced, the mentality of the factories to support the market is still obvious, and the probability of short-term decline is small. However, it is expected that the market demand will weaken after the end of the downstream pre Festival stock up. In the follow-up, it is mainly to store goods at the early stage of consumption, with less large orders entering the market. Generally speaking, the analysts of n-butanol in the business club believe that the trend of n-butanol in the future is mainly high-level sorting operation.

Price trend:

According to the data monitoring of business agency, the quotation of o-benzene contract was stable in September. As of September 15, Sinopec has offered 4400.00 yuan / ton of o-xylene in East China and 4400 yuan / ton in North China, which is stable compared with the beginning of the month, and the market of o-xylene is temporarily stable.

Upstream market of o-benzene

It can be seen from the price trend chart of mixed xylene that in September, the price of mixed xylene, raw material of o-xylene, rose first and then fell, the price of mixed xylene rose by 2.55%, the cost of o-xylene rose slightly, and the price of mixed xylene decreased, indicating that the growth trend of mixed xylene was insufficient and the support for the rise of o-xylene was weak.

From the WTI crude oil price trend chart, we can see that the crude oil market fell sharply in September, and the crude oil price fell, which was bad for the downstream industry chain market. The rise of the cost of o-benzene was not enough support, and the downward pressure was increased, and the market situation of o-benzene was negative.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that the phthalic anhydride market rose slightly in September, with the phthalic anhydride price increasing by 4.9%, and the phthalic anhydride market rose slightly, which was beneficial to the o-benzene market, and the downstream demand of o-phthalic anhydride recovered. However, due to the small increase of phthalic anhydride, the good support for o-benzene was insufficient, and the driving force for the rise of phthalic anhydride price was insufficient.

Future forecast:

Bai Jiaxin, an o-xylene data analyst of business agency, believes that the price of o-benzene raw materials rose slightly in September, but the sharp drop of crude oil price has a big negative effect on the downstream industry chain market. In the downstream of o-benzene, the price of phthalic anhydride rose slightly, and the driving force of phthalic anhydride rise is insufficient, which has limited positive effect on the market of o-xylene. On the whole, the rising power of o-benzene market is insufficient, and the falling risk is high. It is expected that the sentiment of o-benzene bank in the future market will not be able to rise and the falling risk will be greater.

Price trend

According to the data of the business agency, the price of acetic anhydride fell first and then rose in September. As of September 15, the average price of acetic anhydride quoted was 5562.50 yuan / ton, down 2.84% from 5725.00 yuan / ton at the beginning of the month, and 8.22% lower than that of the same period last year.

Acetic acid price trend

It can be seen from the trend chart of acetic acid price that the price of acetic acid rose in September, the cost of acetic anhydride rose, and the driving force for the rise of acetic anhydride increased.

Methanol price trend

It can be seen from the methanol price trend chart that the methanol market rose in September, the methanol price rose in shock, the cost of acetic anhydride rose, the driving force of acetic anhydride rise increased, and the market of acetic anhydride was favorable.

Market review and future forecast

According to Bai Jiaxin, an analyst of acetic anhydride data from business club, in September, with the resumption of operation of acetic anhydride enterprises, the operating rate of acetic anhydride enterprises increased, and the price of acetic anhydride fell. The prices of raw materials acetic acid and methanol both rose, the cost of acetic anhydride rose, the driving force for the rise of acetic anhydride market increased, and the support for the rise of acetic anhydride market was strengthened; for the downstream, the downstream market of acetic anhydride slowly recovered, and the demand rose, which was good for the future market of acetic anhydride. Moreover, the overall operating rate of domestic acetic anhydride enterprises was slightly insufficient, and the inventory of acetic anhydride enterprises was low, and the driving force of acetic anhydride rising was increased. Overall, the future market of acetic anhydride slightly in short supply, acetic anhydride cost pressure is large, future market acetic anhydride rise support is sufficient, acetic anhydride rise pressure is large.

According to the data, the natural rubber commodity index on September 14 was 34.00, up 0.3 points compared with yesterday, 66.00% lower than 100.00 points (2011-09-01), and 24.63% higher than 27.28 points, the lowest point on April 2, 2020. (Note: period refers to 2011-09-01 to now)

Figure 2: natural rubber mainstream price trend in the first half of September 2020

According to the data of natural rubber (standard 1) in East China monitored by the business agency, the mainstream price of domestic Baodao whole milk market was about 11792.5 yuan / ton on September 1, and 11551.25 yuan / ton on September 14, a half month decrease of 2.05%. Among them, the highest point in the first half of the month is 11792 yuan / ton on the first day, and the lowest point is about 11252.5 yuan / ton on the 10th day, and the maximum amplitude is also 4.58%. This half month is a very typical downward trend of shock.

Rubber production at home and abroad: in 2020, due to the special situation, epidemic situation, weather and other factors, the production of raw materials at home and abroad will be released slowly, so it is inevitable to reduce production. Under the situation that the demand for natural rubber is relatively good, the tight raw materials are the main reason for the price increase, while other factors such as weather also have certain impact on the price of natural rubber. Thai media reported on September 5 that the price of Thailand’s three-level cigarette adhesive (RSS3) exceeded 60 baht / kg in the previous week, the highest price in three years. At the press conference held by Zhu Lin, Deputy Prime Minister and Minister of Commerce of Thailand on September 9, Zhu Lin talked about the good export situation of Thailand’s cassava, rubber, corn and palm oil During the epidemic period, the global demand for rubber gloves increased, which led to the increase of latex sales. In addition, the geographical conditions of other producing countries, such as rainstorm weather, labor shortage, etc., as well as the internal factors in Thailand, especially the positive measures taken by the government, can help to increase the price of rubber. As the largest natural rubber producer in the world, Thailand’s rubber output in 2019 is 4.8 million tons, of which the rubber export volume is about 4 million tons. The change of raw rubber output and export directly affects the global natural rubber price. From the perspective of China’s domestic regions, the current rainy season has affected the tapping work and seriously affected the output; local traders said that the rubber warehouses in Kunming and Banna of Yunnan Province were basically empty, and the index rubber entered the market at the beginning of the month. The local rubber source tension was serious and sustained, and currently only the index glue was used to maintain the trade market.

Import and inventory: in terms of import, in August 2020, China imported 699000 tons of natural and synthetic rubber (including latex), with a year-on-year increase of 30%; from January to August, China imported 4.508 million tons of natural and synthetic rubber (including latex), an increase of 8.2% compared with 4.166 million tons in the same period of 2019. In terms of inventory, as of September 11, 2020, the natural rubber inventory of the Institute was 245850 tons, and warehouse receipts were 215210 tons, increasing 4018 tons and 1720 tons respectively; the inventory of No. 20 rubber was 38305 tons, and the warehouse receipt was 31490 tons, increasing by 1976 tons and 1613 tons respectively.

Downstream demand: first of all, as of September 11, 2020, the operating load of all steel tires of tire enterprises in Shandong was 74.52%, which was 2.71 percentage points higher than that of the same period last year. Second, the car sales volume increased moderately. China Automobile Industry Association released the production and sales situation of automobile industry in August 2020 on August 10. In August, China’s automobile production and sales reached 2.119 million and 2.186 million, respectively, with a 3.7% month on month decrease in output and a 3.5% increase in sales volume, with a year-on-year increase of 6.3% and 11.6% respectively. From January to August, China’s automobile production and sales were 14.432 million and 14.551 million, respectively, down 9.6% and 9.7% year-on-year. Compared with January July, the decline rates were 2.2% and 3.0% respectively. In August, China’s heavy truck market is expected to sell 128000 vehicles of various types, with a month on month decline of 8% and a year-on-year increase of 75%. On September 8, the passenger Federation announced the production and sales of passenger cars in August. The data showed that the production of narrow passenger cars in August was 1.644 million units, down 0.2% year-on-year; the retail sales volume was 1.703 million units, an increase of 8.9% year-on-year; the wholesale sales volume was 1.736 million units, with a year-on-year increase of 7.0%. The data shows that the prosperity of China’s automobile industry is growing year-on-year, while the month on month is declining. That is to say, the demand growth of the automobile industry is moderate and not completely in a boom state. Third, the prices of natural rubber, carbon black, steel cord and other tire raw materials rose several times in the third quarter, and the cost increased. Some tire enterprises raised their prices in line with the trend, which promoted the upward trend of tire prices.

Good for the industry: according to the data of business agency, the mainstream price of domestic natural rubber day fluctuated and decreased in the first half of September, which was mainly affected by the downward price of latex Market in Thailand and other countries and the current low macroeconomic situation. Recently, the governments of major foreign producing countries have made a lot of noise, hoping to stabilize rubber prices and promote rubber export.

Thailand: according to Thai media on September 13, in view of the recent domestic rubber price decline, the natural rubber administration of Thailand quickly held an emergency response meeting to calm the rubber farmers’ sentiment, saying that from the perspective of supply and demand, the future market of rubber prices is optimistic, and China’s demand for Thai rubber is still very strong. Officials of the Thailand Bureau of rubber administration believe that the price drop during the long holidays in September should be an intraday adjustment of prices, not a price crackdown. Because rubber prices have been rising continuously for a period of time, this adjustment may pave the way for the next round of rise. From the perspective of supply and demand and market price trend, it is still rising. In addition, luckchai kittipol, honorary president of the Thai Rubber Association, said he was more optimistic about the future of rubber, as the price of RSS3 rubber reached 60 baht per kilogram for the first time in more than a decade. In the past, Thailand’s rubber production was mainly concentrated in RSS grade rubber, which was used as a raw material for car tires, he said. The novel coronavirus pneumonia has driven the surge in demand for rubber gloves in recent years, driving rubber producers to transfer their production to latex for rubber gloves. Thailand’s latex production is expected to account for 30% of total rubber production this year, up from 20% last year. Luckchai kittipol said that domestic rubber consumption is expected to increase from 800000 tons in 2019 to 900000 tons as Thailand’s Ministry of transport has decided to use natural rubber to set up obstacles on roads nationwide. It is suggested that the government should further promote the consumption of natural rubber in order to maintain the domestic price and reduce the excessive dependence on export. At present, the proportion of rubber export in the total output is as high as 80%.

Malaysia: China novel coronavirus pneumonia is reported in September 14th. The Dewan Negara said today that since the beginning of this year, the new crown pneumonia epidemic has affected the global market demand, especially the demand of China. The government will concentrate on stabilizing the price of rubber and increasing its added value. “Malaysia,” the report said. “The new price of the brand is affected by the outbreak of the new crown pneumonia in September 14th. II Datuk Seri Dr wee Jeck Seng, Deputy Minister of plantation industry and commodities, said the government was cooperating with the world’s major rubber producers, namely Thailand and Indonesia, to strengthen and stabilize rubber prices in the international market under the framework of the international tripartite rubber Council (ITRC). Wee said the government plans to increase the use of rubber in the country, boosting rubber prices in the medium to long term. These include the use of rubber in road construction and the production of new and value-added products based on rubber, including rubber gloves. He added that the government would also introduce the concept of rubber community farms to increase the supply of raw materials and generate additional income for small farmers through cash crops and animal husbandry. He said that the government planned to implement the latex corridor in the eastern region to obtain local latex products to support the development of latex products manufacturing industry, increase the income of small rubber farmers and increase the consumption of natural rubber in the tire industry.

EU: on September 3, the EU updated its list of key raw materials (the original version of CRM list 2020), and listed natural rubber as one of the biological materials as a key material. Natural rubber is an indispensable raw material for European tire and rubber industry, and also a key driving force for many industries (especially automobile industry). The tire industry alone absorbs about 76% of all natural rubber produced worldwide. Today, there is no alternative to natural rubber for all rubber trees currently in use. The list of key raw materials reconfirmed the priority of natural rubber in EU policy and the importance of ensuring a fair and sustainable supply of natural rubber to European industry. It also provides further support for ongoing industry research on alternative sources of natural rubber. This is the second time that the EU has listed natural rubber as an important raw material.

As for the future market, the business agency believes that the natural rubber price is currently in the best sales period of the year. However, due to the continuous rise of natural rubber before, the first half of this month is in the period of price adjustment. For the traditional consumption peak season of “gold nine silver ten”, the market still thinks that the future natural rubber is still in the rising market. In the case of tight raw materials in Southeast Asia and almost no new rubber in domestic production areas, especially in Banna, which can only be maintained by the index rubber, the natural rubber price will inevitably rise in the peak sales season and the demand is moderately good. However, due to the limited demand in the European and American markets, the domestic export volume is hindered, and the driving force of natural rubber’s big rise is weakened. In the future, the market remains cautious and multi perspective.

The price trend of upstream fluorite was temporarily stable, the price of hydrofluoric acid decreased slightly, and the price of aluminum fluoride remained stable as a whole. According to business agency data, the domestic price of aluminum fluoride on September 11 was 8833 yuan / ton, which was flat compared with the beginning of the week.

The price trend of domestic fluorite market is stable for the time being. Recently, some manufacturers have reported that their goods are not in good condition, and the downstream demand is not improved, and the fluorite price changes little. Domestic fluorite manufacturers have been operating stably, the on-site mines and flotation devices have been started normally, and the price trend of fluorite market is temporarily stable.

The upstream fluorite and other raw materials prices remain low and volatile, and the aluminum fluoride market support is weak. In addition, at present, the overall operating rate of aluminum fluoride is high, and the spot inventory of some factories is high, and the shipping pressure is great. On the whole, the performance of aluminum fluoride market is relatively stable, and the price of aluminum fluoride of some manufacturers has been lowered.

Analysts of the aluminum fluoride industry of the chemical branch of the business society believe that: the upstream fluorite price is low and volatile, and the current aluminum fluoride inventory is high, and the price of aluminum fluoride is weak. It is expected that the aluminum fluoride market will be stable in the near future.

Since September, the price of domestic rare earth market has been continuously declining. As of the 14th, domestic rare earth products have declined in varying degrees. According to the rare earth plate index of business society, the rare earth index on September 13 was 373 points, flat with yesterday, down 62.70% from the highest point of 1000 points in the cycle (2011-12-06), and 37.64% higher than the lowest point 271 on September 13, 2015. (Note: period refers to 2011-12-01 to now).

As of September 14, the price of praseodymium and neodymium oxide in rare earth in China was 335500 yuan / ton, down 1.32% from 340000 yuan / ton at the beginning of the month; the price of praseodymium and neodymium alloy was 404500 yuan / ton, 1.96% lower than 433000 yuan / ton at the beginning of the month; the price of neodymium oxide was 360500 yuan / ton, down 0.55% from 362500 yuan / ton at the beginning of the month; the price of dysprosium oxide was 1.71 million yuan / ton, down 3.93% compared with the price of 1.78 million yuan / ton at the beginning of the month The price of dysprosium ferroalloy was 1.72 million yuan / ton, which was 2.55% lower than the price of 1.765 million yuan / ton at the beginning of the month.

In September, the price of PR and nd Series in domestic light rare earth fell down. The purchase of main downstream manufacturers came to an end, but the demand did not improve in the near future. The wait-and-see mood of traders in the market was high, and the goods delivery in the light rare earth market turned worse, and the price dropped slightly. On the other hand, in recent years, the supply of PR and nd rare earth market in China is normal, and the production of major light rare earth manufacturers is normal. The lower reaches feel the change of market sentiment and slow down the procurement cycle. Supply and demand are also negative factors for the price decline in the light rare earth market. The supply of light rare earth is normal, the demand side purchases generally, and the price of light rare earth in the field drops.

In September, the price of domestic legitimate family continued to decline. In the domestic rare earth collection and storage plan, medium and heavy rare earth accounted for a large proportion of the annual output. However, the purchase and storage had not been carried out as scheduled. In addition, the downstream procurement was not active, and the direct market price continued to decline. However, at present, Myanmar’s customs clearance still had a tightening effect on the domestic medium and heavy rare earth import supply, and the domestic market price of heavy rare earth was still at a high level. Domestic terbium supply is relatively tight, and manufacturers’ production is discontinuous. The price of terbium oxide and metal terbium has reached the high level in recent seven years. Recently, the on-site procurement is not active, and the domestic heavy rare earth price has dropped slightly.

The Ministry of industry and information technology issued the notice on the docking and implementation of preferential policies for rare earth industry. According to the notice, the rare earth office entrusted China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the application of rare earth enterprises, and formed a collection of supporting policies for the resumption of work and production of rare earth industry. Favorable policies support the development of rare earth industry. Meanwhile, Sino US relations are tense. Key products of rare earth trade between China and the United States are of great significance. National policies are conducive to the balance of supply and demand of rare earth industry. Recently, the supply of rare earth market is normal, and the domestic rare earth market is slightly lower.

Recently, the purchasing sentiment in the domestic rare earth market has declined, and the supply of medium and heavy rare earth market is normal. Analysts of business agency believe that China’s rare earth industry is expected to gradually move from “large” to “strong”, and the price of domestic rare earth market may decline slightly due to the inactive procurement.

According to the monitoring data of the business agency, as of September 14, the average ex factory price of domestic propylene glycol referred to 9000 yuan / ton. Compared with September 7, the average price of domestic propylene glycol increased by 834 yuan / ton, or 10.20%. Compared with September 1, the average price of domestic propylene glycol increased by 1200 yuan / ton, or 15.38%.

Raw materials rise and inventory low double support, propylene glycol from last week wide upward

In September, the overall market of propylene glycol went up. The raw material propylene oxide continues to rise, supporting costs continue to increase. Since April 4, the quoted prices of propylene glycol plants have been increased by 400-800 yuan / ton, and the actual transaction price has risen by 200-300 yuan / ton, with reference to 7900-8100 yuan / ton. Then the market as a whole stable operation.

On the 10th, due to the continuous rise of raw material propylene oxide, the increase of cost pressure again, and the shutdown of propylene glycol production units in some production areas, and the relative reduction of inventory, the ex factory offer price of propylene glycol factory increased significantly again by 500-1000 yuan / T. according to the data monitoring of the business agency, the average ex factory price of propylene glycol rose to 8733 yuan / ton on the 10th, compared with that of 1 day Compared with, the increase has reached 11.97%. The business operators are resistant to the high price, and the downstream enterprises mainly maintain the rigid demand procurement, and part of the periodic replenishment. At the end of last weekend, the Po of raw materials went up again, and the high-end quotation had exceeded 15600 yuan / ton. As of Monday, the ex factory price of propylene glycol in some factories increased again by 300-500 yuan / ton. The market prices in most parts of the country continued to rise. At present, as of the 14th, the average ex factory price of propylene glycol referred to 9000 yuan / ton, which was 270% higher than that on the 10th Compared with the first day, the average price was increased by 1200 yuan / ton, up 15.38%.

The current market prices of propylene glycol in some areas of China are attached (data for reference only, unit: yuan / ton)

Product name up and down on 9 / 1 9 / 14

Propylene glycol in East China 8000 8700 + 700

South China 8300 9300 + 1000

Shandong area 7800 8900 + 1100

Upstream, propylene oxide showed an overall upward trend last week. During the week, the average price of propylene oxide rose around 600 yuan / ton. Some factories in Shandong Province were slightly lower. The on-site supply was tight, and the downstream just needed to replenish. The factory mentality was firm and the offer continued to rise. As of September 11, the reference price of propylene oxide was 14966.67 yuan / ton, which was 9.51% higher than that on September 1 (13666.67 yuan / ton).

The purchasing of propylene glycol mainly fluctuates in a narrow range in the near future

The raw materials are high and the cost is hanging upside down. Last week, the domestic propylene glycol market as a whole rose in a wide range, but the downstream demand did not significantly increase. It continued to focus on just need procurement, and there was a market rejection of high prices. Therefore, it is expected that the propylene glycol market will fluctuate in a narrow range in the near future.