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.

The commodity index of hydrogenated benzene on October 22 was 37.11, up 1.1 point compared with yesterday, 63.62% lower than 102.01 point (2014-01-09), 23.74% higher than 29.99 point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

Price rise and fall of domestic main hydrobenzene markets from October 19 to 23 (unit: yuan / ton)

Regional prices rose and fell on the 19th and 23rd

East China 3500-3600 3600-3650 + 75

3150-3200 3500-3600 + 375 in Shandong

This week (October 19-23), the market price of hydrobenzene in Shandong Province rose, at 3175 yuan / ton at the beginning of the week and 3550 yuan / ton at the end of the week, up 375 yuan / ton.

Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

October 9 3300 – 150

October 14 3350 + 50

October 16 3400 + 50

October 20 3500 + 100

October 22 3600 + 100

In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) will be lowered once and increased four times. As of October 16, the price will be 3600 yuan / ton.

After the festival, the pure benzene market is in the rising channel driven by the downstream styrene and the rising external market. Sinopec’s listing was raised twice on the 20th and 22nd, totaling 200 yuan / ton, and now it is 3600 yuan / ton. The crude benzene market was boosted and trading was active. This week, the bidding price of the main production areas increased significantly. The price of crude benzene rose by about 230 yuan / ton. The pressure of hydrogenation benzene increased. The operating rate dropped by about 5% this week. Some enterprises in Shandong and Shanxi entered the maintenance season.

On the downstream side, the comprehensive operating rate of downstream enterprises declined slightly this week, with better profits and positive start-up.

In terms of aftermarket, the business agency believes that the current rebound in the pure benzene market is mostly due to styrene. The price of styrene is relatively high, and the future market is expected to be dominated by high consolidation. The pure benzene market will mainly maintain consolidation next week. It is expected that the high consolidation of the future hydrobenzene market will mainly focus on the downstream demand and the positive impact of pure benzene.

1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product source: Commodity analysis system of Business Club)

2、 Market analysis

The propylene oxide Market is watching the game carefully this week. As of October 23, the average price quoted by propylene oxide enterprises was 18966.67 yuan / ton, which was flat compared with the beginning of the week, and increased by 6.95% compared with September 23. At present, the factory is slowly accumulating stocks, and the follow-up of new downstream orders is slow. With a strong wait-and-see attitude, Po devices have their own start-up and shutdown, and the market is in a long-term and short-term game. The mentality is slightly weak.

On October 23, the propylene oxide commodity index was 118.05, which was the same as yesterday, reaching a record high in the cycle, which was 183.09% higher than the lowest point of 41.70 on January 25, 2016. (Note: period refers to 2011-09-01 to now)

Upstream propylene, on October 22, the market price of propylene in Shandong continued to be stable. 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 keep stable. However, the prices fell in a wide range since the weekend, with a drop of about 200 yuan / ton on the 19th, and individual downward movements from the 20th to the 22nd, most of which remained unchanged. The transaction volume is now between 7100 and 7650 The mainstream price is about 7300 yuan / ton. Now the pressure of shipment is slightly increased compared with the previous period.

Downstream n-propanol: at present, the downstream procurement of n-propanol in China is normal, and the price fluctuation of n-propanol is limited under the support of raw materials. According to the price monitoring data of business agency, as of October 22, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11433.33 yuan / T, which was 0.59% higher than that on October 1. At present, the market trading atmosphere of downstream propylene glycol is general, and the inventory pressure is gradually increasing According to the monitoring data of the business agency, as of October 22, the average ex factory price of domestic propylene glycol was 9333.33 yuan / ton, which was 1.82% higher than the price at the beginning of the month. For the downstream soft foam polyether, the pressure on the soft foam polyether market in Shandong was lowered on October 22, and the raw material propylene oxide was long-term game. The downstream market was waiting to fall, the actual transaction volume was reduced, and the factory shipment was under pressure Shipment.

3、 Future forecast

The propylene oxide analysts of the business club believe that at present, the main supply and demand sides play cautiously and the overall supply and demand are balanced. It is expected that in the short term, the propylene oxide market will be dominated by the high-level game, and the specific trend needs to pay more attention to the market information guidance.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the domestic sodium pyrosulfite price remained stable this week, with an average price of 1816.67 yuan / ton at the beginning of the week and 1816.67 yuan / ton at the weekend, with a range of 0.

2、 Market analysis

This week, the overall market of sodium pyrosulfite has been running smoothly. The market price range of industrial sodium pyrosulfite is 1700-1850 yuan / ton, and most of the prices are concentrated in 1700-1750 yuan / ton. The production of the enterprise is stable, and the inventory is maintained at about 30%. The enterprise mainly completes the orders of the old customers. The above prices are not related to the domestic manufacturers.

Since the beginning of October, the price of soda ash in the upstream of Jiaoya has increased by 3.67% and the price of sulfur has increased by 7.02%. Supported by the cost, the market price of sodium pyrosulfite has risen by 4.81% in the whole month. This week, the price of raw materials has remained high, and the market price of sodium pyrosulfite has remained stable.

3、 Future forecast

Business agency analysts believe that: cost and demand support, the domestic market price of sodium pyrosulfite will continue to run strong in the short term.

According to the monitoring data of business agency, as of October 23, the average price of silicone DMC market quotation in the mainstream areas of data monitoring was 19200 yuan / ton. Compared with October 16, the average price was increased by 870 yuan / ton, or 4.73%. Compared with October 1, the average price was increased by 1400 yuan / ton, or 7.87%.

This week, silicone DMC market continued to pull up, high-end offer broke through 19600 yuan / ton

Since the beginning of this week, the low-end offers of silicone DMC have been decreasing, and the offer prices are closing to the high-end ones. At the beginning of the week, the maximum increase of monomer plants reached 600 yuan / ton. On the 20th, Luxi Chemical DMC ex factory quotation referred to 18800 yuan / T, increased by 600 yuan / ton compared with the 18th. With the high-end finishing and operation of the market, the upstream and downstream industrial chain conduction is smooth, and the operators are full of confidence On the 23rd of this weekend, the number of closed orders increased. At the same time, all the major monomer factories opened the collective rising curtain again, with an increase range of 200-600 yuan / ton. The low-cost goods supply in the factory has been decreasing. At present, the mainstream reference quotation of silicone DMC in China is 19000-19400 yuan / ton, and the high-end offer is up to 19600 yuan / ton, according to the monitoring data of the business agency It shows that as of October 23, the average price of silicone DMC market quotation in the mainstream areas of data monitoring was 19200 yuan / ton, which was increased by 870 yuan / ton, or 4.73%, compared with October 16. Compared with October 1, the average price of silicone DMC increased by 1400 yuan / ton, or 7.87%.

On the downstream side, the downstream raw rubber silica gel market has a strong rise, and the high-end offer of raw rubber has risen to 21000 yuan / ton. Some manufacturers have maintenance plans in the short term. At present, there are many new orders for raw rubber, and the factory mainly processes the early orders. The overall trading atmosphere of the market is good. It is expected that the market will be stable in the short term.

Upstream and downstream support is expected to be the main trend of silicone DMC in the short term

At present, the downstream market of silicone DMC is gradually warming up, the downstream demand is steadily increasing, the sentiment of stocking and stocking is high, and the overall trend has been significantly improved. In addition, the upstream metal silicon is also high, which provides cost support. Under the two-way support of upstream and downstream, it is expected that the silicone DMC will remain strong in the short term, and the future market will pay more attention to the changes of raw materials and demand.

According to the monitoring data of the business agency, as of October 22, the average ex factory price of domestic n-butanol was 6633 yuan / ton. Compared with October 15, the average price of domestic n-butanol was increased by 100 yuan / ton, or 1.53%; compared with October 1, the average price was increased by 300 yuan / ton, or 4.74%.

N-butanol increased slightly and then stabilized

This week, n-butanol market was high and stable, and the transaction center gathered again. At the beginning of the week, the ex factory quotation of n-butanol in some factories in Shandong Province continued to rise by 100 yuan / ton. Then the overall market situation entered a high stable operation channel. At present, the factories were in a tight spot, and the downstream just needed to replenish. Due to the shady decline of downstream butyl propyl ester products and the sharp decline of raw material propylene price, n-butanol orders decreased, and the business confidence was frustrated, and the shipment was more active The factory has no spot sales pressure, high price to maintain stable operation. As of October 22, the ex factory price of n-butanol from Luxi Chemical Co., Ltd. was 6600 yuan / ton, which was stable within the week. Shandong lihuayi n-butanol factory quotation was 6600 yuan / ton, up 100 yuan / ton during the week, while that of Wanhua chemical in North China was 6700 yuan / ton, up 100 yuan / ton during the week.

Upstream, from late October, the propylene market price in Shandong Province declined. According to the price chart of business associations, prices of some enterprises have fallen slightly since 1015 and 16, and most of them have remained stable. On the 17th and 18th, the price of propylene has fallen in a wide range, and it has dropped by about 200 yuan / ton on the 19th. On the 20th and 21st, individual declines have been made, most of them have not moved. The market transaction is between 7100 yuan / ton and 7650 yuan / ton, and the mainstream price is about 7300 yuan / ton. Now the pressure of shipment is slightly increased compared with the previous period.

Internationally, on October 21, the U.S. WTI crude oil futures market price fell sharply, with the settlement price of main contracts at $40.03/barrel, down $1.67 or 4%. Brent crude oil futures market price fell, the main contract settlement price to 41.73 U.S. dollars / barrel, down 1.43 U.S. dollars. Oil prices fell sharply on Wednesday, mainly due to the negative US inventory data, the surge in the number of new cases of global epidemic, the slowing down of fuel demand and the expected rise in fuel demand.

Inventory low order to reduce n-butanol, the market will be more finishing operation

At present, affected by the downturn in the upstream and downstream, the supply and marketing atmosphere of n-butanol is also weak. There are not many new orders in the downstream, so the confidence of the industry has decreased, and the shipment is positive. At present, the inventory is low, and the offer is stable. It is expected that n-butanol will continue to be insufficient in the short term, and most of them will stabilize the sorting and transportation.

1、 Trend analysis

On the 22nd, the spot copper price was 52380 yuan / ton, up 0.21% from the previous day, 6.83% higher than the beginning of the year, and 11% higher than the same period last year. LME copper’s 3-month contract opened at a low level and then fluctuated, closing at US $6972.5, down 0.34%, while Shanghai copper’s main force retreated 52150 yuan after opening, and then maintained a low and narrow range of shock operation, closing at 52280 yuan, up 0.25%.

The Candelaria copper mine in Chile has been suspended since Tuesday. On Monday, Codelco workers took to the streets, refusing to announce layoffs during the outbreak. On Wednesday, Reuters reported that China may buy copper reserves. According to the report, reserves of copper and other commodities may be approved at a meeting of Chinese leaders next week. Citigroup analyst Max Leighton said potential catalysts for increasing reserves include deteriorating Sino US relations and the new crown crisis, highlighting the need to ensure that Chinese stocks can withstand supply disruptions. Over the next five years, China’s state-owned buyers are likely to gradually buy 700000 tons of copper, bringing inventories to 90 days of net imports, Leighton said. In the first nine months of 2020, China’s imports of unwrought copper and finished products reached 4.99 million tons, up 41% year-on-year, exceeding the annual import volume in 2019. Some of the copper comes from stock on the exchange. In the short term, the market follows the macro sentiment triggered by the progress of the US stimulus plan, and the space under the copper price is limited under the condition of abundant global liquidity.

In view of the above situation, copper strike, copper reserves are expected, but macro uncertainty and lack of bright spots in demand, short-term copper prices or strong shocks.

According to the business monitoring data, hydrogen peroxide Kim Gu after the market is still awesome, double festival later, mid October began, hydrogen peroxide again soared, the price rose 18% in September, continued to rise, as of October 22nd, the hydrogen peroxide market average price of 1420 yuan / ton, the price rose more than 53% in early September, compared with the beginning of October price rise of over 32%.

According to the monthly rise and fall chart of hydrogen peroxide from January 2019 to September 2020, it can be seen that the monthly rise and fall months of hydrogen peroxide in 2019 are basically the same, with the maximum increase of 39.93%. In August and September, the performance is relatively flat, with the main decline. In October, the same price rose by more than 25%.

In the first nine months of 2020, hydrogen peroxide rose by more than 32% in June, while other months showed relatively low performance. In the second half of the year, hydrogen peroxide fell for two months, and the market of hydrogen peroxide rose by more than 15% at the end of September. After the national day, hydrogen peroxide again ushered in the rise, and continued to rise, has exceeded the first half of the largest increase of 32.3%, there is still room for further growth.

On October 22, the commodity price index of hydrogen peroxide and caprolactam was 214.56, which was 12.8 points higher than yesterday, a record high in the cycle, and 138.80% higher than the lowest point of 89.85 on January 29, 2019. (Note: cycle refers to the period from January 1, 2019 to the present)

In the first ten days of September, the price of pure benzene rose and the cost was good. The supply of caprolactam decreased and the price kept rising. In late September, some caprolactam enterprises resumed production and increased supply. As supply exceeds demand, inventory pressure increases. Prices began to fall. After the national day, the supply is tight, caprolactam is also rising. The awesome price of hydrogen peroxide will be welcomed by some manufacturers at the end of the month. The supply of hydrogen peroxide will continue to rise.

The commodity price index of hydrogen peroxide and corrugated paper on October 22 was 213.12, which was 14.02 points higher than yesterday, 13.37% lower than 246.00 points (October 21, 2019), and 98.18% higher than 107.54 points, the lowest point on January 29, 2019. (Note: the period refers to the period from January 1, 2017 to the present)

After the end of the double festival holiday, the base paper market was stable, mainly due to the stable price of raw material waste yellow board paper during the holiday, and the preferential profit concession of paper mills was gradually cancelled. With the resumption of production of paper mills after the holiday, the need to replenish inventory exists. The large-scale stock market of double 11 has been started, and the enthusiasm of purchasing hydrogen peroxide has increased, and the hydrogen peroxide market has been supported again.

Li Bing, hydrogen peroxide analyst of business club, believes that: the price of terminal caprolactam has risen sharply, the paper industry has been driven by the preparation of goods on November 11, hydrogen peroxide manufacturers have started parking for maintenance, and there are many profitable factors. The price of hydrogen peroxide is still expected to rise in the future.

According to the price monitoring of the business agency, the domestic cocoon and silk market has maintained an upward trend in the past 10 days. As of October 22, the average price of raw silk market was 304500 yuan / ton, up 5.18% compared with the 12th, and decreased by 25.73% year-on-year. The average price of dried cocoon market was 91250 yuan / ton, up 1.96% compared with December 12, and decreased by 33.27% year on year. At present, the price of dried cocoon is 90500 yuan / ton and that of raw silk is 319000 yuan / ton in Guangxi. Mainly benefited from the “double 11″ stock, extremely cold weather expectations and other good demand boost, boosting the market.

The fourth batch of autumn cocoons in Yizhou, Guangxi continued to be listed. According to some local cocoon stations, although the quality of fresh cocoons on the market was slightly poor due to the recent rainy weather, the overall purchase price still maintained a small rise. It is understood that the current purchase price in Yizhou is about 44 yuan / kg, while that in Xincheng is about 41-42 yuan / kg. The autumn cocoons in Teyong Town, Jiangsu Province, are coming to the end of the market. It is learned from some local cocoon stations that the quality and quantity of cocoons have declined compared with the previous period due to the weather conditions. Cocoon stations purchase according to the quality, and the purchase price is maintained at about 33-34 yuan / kg.

In October, the “silver 10″ is particularly busy. In terms of foreign orders, Christmas and Thanksgiving are coming, and orders from Europe and the United States in some clusters begin to increase; in terms of domestic orders, the probability of cold winter this year is relatively large. In addition, with the approaching of “double 11″ and “double 12″, enterprises begin to prepare goods, and domestic sales orders increase significantly, and production improves. According to China Light and Textile City, orders for knitted fabrics in autumn and winter have increased sharply as the temperature drops. Among them, the demand for woven fabrics such as cold proof leisure surface materials and home textile fabrics will continue to increase. There are also some imitation silk scarf fabrics which will enter the normal production. Knitting and sweater fleece fabrics are also the “sweet cakes” in the current market.

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. Affected by this, the market of cocoon and silk is on the rise. However, it is worth noting that the current downstream demand has not fully recovered, the market demand has not really recovered, the speed of cocoon silk delivery is average, and the future market trend is still unclear, lacking the basis for forming a long-term upward trend.