1、 Price trend

According to the price monitoring of the business association, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13166.67 yuan / ton on September 14, down 8.14% from the beginning of the month and 14.13% lower than that at the beginning of the year. The recent market is weak.

2、 Market analysis

Recently, the market of salicylic acid is weak, and the price has declined obviously. In the off-season of consumption, the operating rate of downstream enterprises declined and their purchasing intention was insufficient. They only maintained the rigid demand and a small amount of bargain hunting and replenishment. The market was slightly light. The manufacturers reduced their prices to seek profits, and the enterprises dropped by up to 3000 yuan. At the same time, the price of phenol at the raw material end fell, and both supply and demand were not enough to support the market. Therefore, the price of salicylic acid dropped sharply. With the international macro warming, exports have improved, business confidence has increased, the market is expected to be stable in the short term.

Upstream phenol, the overall market is weak, mainly because the terminal demand is sluggish under sufficient supply, the terminal factory procurement is not good, just need to follow up, and the market confidence is not optimistic. However, the domestic phenol Market is relatively sufficient, and it is still difficult to break through the bottleneck under the game of supply and demand. Currently, supported by the cost side, the factory also limits the shipment to maintain the market situation. It is expected that the short-term phenol market will be slightly negative, and the current price is around 5300 yuan / ton.

3、 Future forecast

Salicylic acid analysts of the business agency believe that: in the off-season of consumption, the operating rate of downstream enterprises declines, the purchase intention is insufficient, and the market is slightly light. With the global macro warming, the export has improved, and the business confidence is enhanced, and the market is expected to be stable in the short term.

1、 Price trend:

According to the data of the business club’s bulk list, the domestic PA6 market was adjusted in a narrow range in the first ten days of September, and each spot brand had a narrow range of rise and fall. As of September 11, the mainstream offer price of 2.75-2.85 from traders was about 10950.00 yuan / ton, a decrease of 0.45% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

PA6 upstream caprolactam market rose in early September. As of September 11, the average ex factory price was about 9650 yuan / ton, up 1.40% from the average price at the beginning of the month, according to the data from the bulk list of business associations. At present, the operating rate of the enterprise is about 81%. The price of pure benzene in Shandong Province has risen slightly. In addition, due to the impact of the completion of maintenance of some downstream units in Shandong Province, the purchasing enthusiasm for pure benzene has increased. The price of styrene also rose, driving the continuous pursuit of pure benzene. The port inventory of pure benzene has increased recently, and the price rise is restricted by the inventory pressure. Downstream customers operate cautiously, and it is expected that caprolactam market will be stable in the short term.

PA6 in early September market shock adjustment, upstream lactam prices have recovered, cost side support is acceptable. But on the whole, there is a lack of direction, guidance and good news. At present, the consumption level of downstream factories is not high, and the order follow-up is weak. There is resistance in the shipment of merchants, and there is profit making and single operation, and the trading atmosphere is relatively cold. Although the far end raw materials have rebounded recently, the overall trend is not good, the market confidence is insufficient, and the PA6 market atmosphere has not been improved.

3、 Future forecast:

Business agency analysts believe that: in early September, the domestic PA6 market trend is weak, and the spot price of each brand is up and down. The price of caprolactam in the upstream has recovered, and the cost side support of PA6 is acceptable. Downstream factory inventory is more sufficient, just take goods to operate, inquiry atmosphere is relatively light. Business mentality is not strong, the operation of the real single to let profit go. It is expected that the PA6 market will continue its weak trend due to the weak demand in the near future.

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 2655.56 yuan / ton, which was the same as the price of 2655.56 yuan / ton at the beginning of the week, with a year-on-year decrease of 9.30%.

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. Domestic fluorite manufacturers have been operating stably, the on-site mines and flotation devices have been operating normally, and the fluorite in the yard is not well stocked, and the market price of fluorite is slightly lower. In the near future, the downstream hydrofluoric acid market price has remained low, and the terminal downstream on-demand procurement is not strong. As of the 11th, the price of 97 fluorite wet powder in Inner Mongolia is 2400-2600 yuan / ton, the mainstream negotiation in Fujian is 2500-2700 yuan / ton, the price of 97 fluorite wet powder in Henan is 2600-2700 yuan / ton, and the price of 97 fluorite wet powder in Jiangxi is 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 11th, the domestic hydrofluoric acid market price was 8460 yuan / ton. This week, the hydrofluoric acid market price was slightly lower. The low hydrofluoric acid market price had a certain negative impact on the upstream fluorite market, and the fluorite Market price trend was temporarily stable. In recent years, the sales market of automobile industry is general, but the market of refrigerant downstream of the terminal is slightly lower. There is no obvious improvement in the demand for refrigerants. The foreign economy is recovering continuously. However, the export of refrigerant terminal has not changed much. However, the domestic air-conditioning industry starts at a low level and the demand for maintenance and after-sales service is weak. On the whole, foreign demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, and the inventory is in a reasonable range. Although the market price has increased, 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 15000-15500 yuan / ton 。 The domestic R134a market remains weak, the automobile market industry continues to be depressed, the demand is weak, the market trading center is down, 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 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 loss state. Chen Ling, an analyst at the business agency, believes that the fluorite market price may remain low in the short term.

1、 Price trend

According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price fell continuously this week and then stabilized, with the weekly high price of 7232 yuan / ton at the beginning of the week, and the weekly low price of 7143 yuan / ton at the weekend, with a weekly decline of 1.24%.

2、 Analysis and comment

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 continuously on the whole line, and the upward range is getting larger and larger. Up to the 4th, the price has risen by about 300 yuan / ton, and remained stable at the weekend. Since the 7th, the price has been reduced by 100-150 yuan / ton. On the 11th, the whole price has stabilized. The market transaction is between 7070 and 7400 yuan / ton, and the mainstream price is about 7100 yuan / ton. Propylene factory shipment general, pressure controllable.

On September 10, the crude oil price fell slightly, but the range was not large, which had little impact on propylene market.

PP futures market continued to decline this week, spot prices stabilized in the first half of the week, but also showed a downward trend in the second half of the week, with a weekly decline of 2.41%, which had a slight negative impact on propylene.

This week, acrylic acid market rose significantly on Monday, and the price remained stable during the week, with a 7-day increase of 4.42%, which had a positive impact on propylene.

Propylene oxide market continued to rise steadily this week, with a weekly increase of 4.18%, which had a positive impact on propylene.

Epichlorohydrin price rose sharply this week and then stabilized, with a weekly increase of 5.64%, which had a positive impact on propylene.

This week, domestic n-butanol prices showed a ladder like upward trend, with a weekly increase of 2.00%, which had a slight positive impact on propylene.

Octanol market continued to pull up in the first half of this week, and remained stable in the second half, with a weekly increase of 1.42%, which had limited impact on propylene.

The isopropanol market rose steadily this week, with a weekly increase of 4.90%, which had a positive impact on propylene.

East China phenol fell down this week and then stabilized, with a weekly decline of 2.75%, which had a slightly negative impact on propylene.

East China acetone continued to rise this week, with a weekly increase of 5.61%, which had a certain effect on propylene.

3、 Future forecast

The propylene analyst of the chemical branch of the business society thinks: in a comprehensive view, the current propylene manufacturers’ delivery pressure is still within the controllable range, the crude oil price has dropped slightly, most of the downstream have a certain positive impact, and the profit margin of propylene oxide is better, the profit margin of butyl octanol and polypropylene industry is also up, and the purchasing enthusiasm is slightly increased, but the market atmosphere is stable and wait-and-see for the maintenance of some butanol and octanol units Main, propylene prices are expected to continue to stabilize in the later period.

The price of ethylene oxide this week was the same as that of last week, and the ex factory price of mainstream East China was still 7200 yuan / ton, and the quotation of other regions was between 7200-7400 yuan / ton.

EO supply continued to be tight. Ethylene price consolidation, as of today, CFR Northeast Asia market price is 785 US dollars / ton, the overall fluctuation is limited. The price of ethylene glycol rose slightly due to the impact of the peak demand season, and there is an expectation of rising. However, with the release of production capacity and the shift of downstream demand into the off-season, the market focus may fall. The lower water reducing agent monomer trading enthusiasm decreased, the market wait-and-see mentality increased, and the overall trading was stable. Industry insiders have pointed out that based on the coming of the long holiday, it is not ruled out that the monomer manufacturers will reduce their inventory slightly.

1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide products)

2、 Market analysis

In early September, the market of lithium hydroxide was stable. As of September 10, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with September 1, and fell by 4.09% year-on-year in a half year cycle. Large scale lithium hydroxide factory shipment stability, other small and medium-sized enterprises transaction situation is more general, the market stable operation.

According to customs statistics, in July 2020, China’s import volume of lithium hydroxide was 3.20 tons, the import amount of that month was about 60000 US dollars, and the average import price of that month was 18797.13 dollars / ton; in July 2020, China’s export volume of lithium hydroxide was 3698.45 tons, the export amount of that month was about 35.86 million dollars, and the average export price of that month was 9696.21 dollars / ton.

The upstream lithium carbonate, according to the business agency data monitoring: on September 10, the overall price of lithium carbonate slightly decreased, while the price quoted by enterprises rose and fell. On September 10, the average price of industrial grade lithium carbonate in East China was 38900 yuan / ton, which was 2.75% lower than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 40000 yuan / ton on September 7), and the average price of battery grade lithium carbonate in East China on September 10 was 43900 yuan / ton, which was 2.23% lower than that at the beginning of the week (the average price of battery grade lithium carbonate in East China was 44900 yuan / ton on September 7). On the 10th, the mainstream quotation of industrial grade lithium carbonate market was around 35000-40000 yuan / ton, and that of battery grade lithium carbonate was around 40000-45000 yuan / ton.

3、 Future forecast

Business Club lithium hydroxide analysts believe that the market demand for lithium hydroxide is gradually recovering, and it is expected that the industrial grade lithium hydroxide Market will be stable in the short term.

1、 Trend analysis

On the 10th, the spot copper price was 52146.67 yuan / ton, up 0.1% from the previous day, 6.35% higher than the beginning of the year, and 11.54% higher than that of the previous day.

The fall of the US dollar and the rebound of US stocks boosted the market. Overnight, Lungshan copper closed up $49, China’s industrial production continued to improve, and TC remained low, indicating that the supply of raw materials continued to be tight, and copper prices rose slightly.

In terms of domestic demand, home appliances, automobiles and other industries are still in the stage of continuous repair, and there is still room for improvement in the demand for cables. The cable companies surveyed generally reflected that the orders in the second quarter were very good, while the orders in the third quarter turned weak, especially in August, the month on month decline was relatively obvious. According to the current order receiving situation, the enterprises generally believed that the possibility of not booming in the peak season of September and October was greater.

In terms of foreign demand, due to the epidemic situation and trade friction, the cable export has declined significantly this year, mainly affected by Europe and the United States and other countries and regions. With the gradual control of overseas epidemic situation and the gradual effect of stimulus policies, overseas orders are expected to improve, but trade friction is still an uncertain factor.

On the supply side, Peru’s main export of copper has actually returned to pre covid-19 levels, mainly reflected in the country’s large mining companies’ power demand. “Electricity consumption by large mining companies is a very good indicator of production,” said Jaime g á lvez, Vice Minister for mining at Peru’s Ministry of energy and mines. Although electricity consumption in August decreased by 4.4% year-on-year, the electricity consumption of copper mines decreased by only 0.4%. It can be said that mining production has reached the level before the epidemic.

In view of the above situation, as the main domestic demand lies in cables and downstream investment in power grid, the peak season from September to October is not prosperous at this stage, which will limit the subsequent domestic De stocking, but there is still room for domestic copper demand such as household appliances, automobiles and electronics. With the control of epidemic situation, foreign demand is recovering, but copper supply is also gradually recovering, restraining the rising space. Short term copper prices may continue to show a broad trend of shock.

Today (9.10), the domestic butadiene market continued to strengthen. According to the sample data monitored by the business agency, the domestic butadiene market price was 5625 yuan / ton at the beginning of the week, and 5962 yuan / ton as of Thursday (9.10), up 6.00% in the week, 33.96% in the month on month, and 42.58% down year-on-year. In terms of enterprises, Sinopec sales companies raised the price of 400 yuan / ton and implemented 6100 yuan / ton. In terms of the market, the reference price of self raised tank in East China is about 6000 yuan / ton. The offer of superior products in Shandong Province is maintained at 6300-6400 yuan / ton.

Quotation of butadiene from some traders:

Enterprise specification price

Panjin Xinya Chemical Co., Ltd. is a high-grade product with purity over 99.5% and 6300 yuan / ton

Excellent product of Beijing ruikaiming Chemical Co., Ltd., with purity over 99.5% 6700 yuan / ton

Shandong Zengyue Chemical Trade Co., Ltd. is a high-grade product with purity over 99.5% and 6500 yuan / ton

External market: as of September 9, the external price of butadiene in Asia rose: FOB South Korea closed at 605-615 US dollars / ton, stable; CFR China closed at 625-635 US dollars / ton, up 10 US dollars / ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 455-465 USD / T; FD northwest Europe closed at 365-375 euro / T, stable.

The external price of butadiene increased slightly, and the price of domestic suppliers increased, which led to the higher offer of middlemen, and the supply of low-cost goods was hard to find. Business agency butadiene analysts predict that the domestic butadiene market will be high tomorrow.

1、 Price trend

According to the monitoring data of business agency, the price of domestic sodium bicarbonate is stable. The average price of the domestic market on September 6 was 1506.67 yuan / ton, while that on September 9 was 1666.67 yuan / ton, up 10.62%. On September 8, the bicarbonate commodity index was 106.19, up 2.87 points from yesterday, a record high in the cycle, and 6.19% higher than the lowest point of 100.00 on September 06, 2020. (Note: cycle refers to September 1, 2020 to now)

2、 Market analysis

According to the business agency, the price of baking soda is strong now. At present, the price of sodium bicarbonate in Henan is strong, with the mainstream quotation of 1550-1680 yuan / ton. The price of sodium bicarbonate is rising, and the downstream demand is fair. It is expected that the price will slightly consolidate in the near future. The price of sodium bicarbonate in Hebei Province is stable, with the mainstream price of 1550-1700 yuan / ton. The price of sodium bicarbonate is temporarily stable, and the downstream is mainly purchased on demand. It is expected that the price will be stable in the near future.

Raw materials: according to the business agency, the price rise of sodium bicarbonate is due to the price rise of soda ash upstream. The price of soda ash manufacturers rose last week. First, according to the spirit of the association meeting, the price of light soda increased by 200 yuan / ton, and that of heavy soda increased by 400 yuan / ton. The trend of domestic soda ash market is relatively strong, and the price of enterprises has increased greatly. The market atmosphere is flat, downstream demand has improved, and manufacturers are mainly active in shipping. Second, domestic soda ash inventory declined. According to statistics, the total inventory of domestic soda manufacturers was 842100 tons, down 90400 tons month on month. From the supply side, affected by natural disasters and other factors, the number of maintenance enterprises has increased recently. The domestic total operating rate is about 70%. At present, the domestic market is mainly stable, the market trend is stable, the downstream demand has been improved, manufacturers mainly discuss shipment, and some manufacturers seal orders. The following figure shows the domestic mainstream market quotation of light soda ash.

Regional price (yuan / ton)

North China 1600-17000

East China 1600-1650

Central China 1550-1650

Price trend comparison chart of light soda ash and sodium bicarbonate

Demand: in the downstream, the demand for sodium bicarbonate in medicine, textile and food is fair, while the price of sodium bicarbonate goes up. Business agency analysts believe that: the price of upstream raw material soda ash has risen, downstream demand has improved, manufacturers mainly discuss shipment, and some manufacturers are still in a stable upward trend at this stage. The price of soda ash in East China is relatively strong. The current mainstream market price of light soda ash is about 1550-1650 yuan / ton, while that of heavy soda ash is 1700-1800 yuan / ton. The market atmosphere is relatively stable, and the downstream market is mainly wait-and-see. It is expected that the price of soda ash will be stable after the price increase in the short term. The price of soda ash in Central China is relatively strong. The mainstream market price of light soda ash is about 1550-1650 yuan / ton. The market atmosphere is stable and the downstream is mainly wait-and-see. It is expected that the price of soda ash will be relatively stable after this round of increase in the short term. On the downstream side, the demand for sodium bicarbonate in medicine, textile and food is fair, and the price of sodium bicarbonate is expected to maintain a high level in the future.

According to the monitoring data of the business agency, the external price of ethylene has risen recently. The average price of ethylene on the 8th day was 721.00 USD / T, and the 9th day’s price was 725.50 USD / T, up 0.62%. The current price is down 1.26% month on month, and the current price is 20.73% lower than last year.

Recently, ethylene is on the rise as a whole. Asian ethylene market prices rose, as of the 9th, CFR Northeast Asia closed at 780-790 USD / T, CFR Southeast Asia closed at 735-745 USD / T. European ethylene market price rose, as of the 9th, the European ethylene market price was FD, northwest Europe closed at 692-703 US dollars / ton, CIF northwest Europe closed at 678-689 US dollars / ton. The price of ethylene in the U.S. rose. As of the 9th, the price was 577.5-589.5 USD / T. generally speaking, the ethylene market in Europe and America is on the upward trend, and the overall ethylene market demand is good, and the market continues to rise.

International: on September 8, WTI fell by nearly 8%, and Brent crude oil fell below $40 / barrel for the first time since June, due to concerns that demand may be suppressed due to the aggravation of global epidemic situation, as well as the resonance impact of sharp falls in US technology stocks and energy stocks. On the 8th, the US WTI crude oil futures market prices plummeted, with the settlement price of main contracts at $36.76/barrel, down $3.01. Brent crude oil futures market prices fell sharply, the main contract settlement price to 39.78 US dollars / barrel, down 2.23 US dollars. Although No. 8 crude oil fell sharply, the impact on ethylene was not reflected for the time being. Driven by the rise of crude oil in the early stage, the external market of ethylene was slightly higher.

Recently, the price of styrene in East China remained stable. Overnight crude oil continued to fall, styrene cost support weakened, pressure on styrene futures. The increase of port inventory, the sufficient supply of domestic styrene and the small increase of downstream demand resulted in the weakness of styrene fundamentals. In the near future, the price remains between 5300-5350 yuan / ton.

In terms of crude oil, the international oil price has followed the sharp fall of the stock market, coupled with the energy demand entering the off-season, and the cost support is not strong. Therefore, the data analysts of the business society predict that the external price of ethylene will mainly fall as follows.