1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

On August 26, epichlorohydrin was put into operation with high price. As of August 26, the average price quoted by epichlorohydrin enterprises was 10433.33 yuan / ton, up 0.32% compared with the beginning of the week and 7.93% higher than that on July 26, according to the data of the business club. At present, some factories mainly deliver orders, the spot delivery is not pressure free, and the manufacturers offer prices with low intention, strong pulling up mentality, and the downstream small orders just need replenishment. At present, the mainstream quotation of epichlorohydrin market in Huangshan is around 10000-10300 yuan / ton, that in Shandong is around 10000 yuan / ton, and that in Jiangsu is around 10000-10300 yuan / ton. The quotation is for reference only, and the actual price shall prevail.

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise market price specification date

Zibo tengshuo economic and Trade Co., Ltd. 9900 yuan / ton, excellent products; 99.9% Min: 2020-08-26

Jinan Mingyu Chemical Co., Ltd. 10000 yuan / T national standard 99.9 2020-08-25

Jinan Mingwei Chemical Co., Ltd. 10000 yuan / T premium products; 99.9% Min: 2020-08-24

Jinan aochen Chemical Co., Ltd. $9800 / T premium product; 99.9% Min: 2020-08-24

Jinan planhua Chemical Co., Ltd. 9900 yuan / ton national standard 99.9 2020-08-24

Upstream propylene, on August 26, the price of propylene market in Shandong region fluctuated slightly. According to the price chart of the business agency, the recent price of propylene fluctuated up and down periodically, and the fluctuation price range broke through at the beginning of the month. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month will be started. From the 11th, the price will remain stable, from the 14th to the 16th, the price will be stable. On the 18th, the price will rise partially. Some low-cost enterprises will rise and the price will start on the 19th The price of some enterprises has been slightly up and down today, but most manufacturers are still stable. The market transaction is still between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.

Downstream epoxy resin, on August 25, the downstream epoxy resin vibrated and adjusted its operation. At present, the price of dual raw materials is stable, the cost support is strengthened, and the spot supply in some regions is tight, and the downstream purchase is mainly on demand.

3、 Future forecast

Epichlorohydrin analysts of the business club believe that in the near future, the price of raw material propylene is running at a high level, the cost support is strengthened, there is no pressure on the shippers to ship, and the downstream small orders just need to be replenished. It is expected that in the short term, the epichlorohydrin market may be stable, and more attention should be paid to the market information guidance for the specific trend.

According to the price monitoring data of the business agency, as of August 26, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11733 yuan / ton. Compared with the price on August 23, the average price was reduced by 500 yuan / ton, or 4.09%. Compared with the price on August 1, the average price was reduced by 170 yuan / ton, or 1.40%.

Since the beginning of August, the overall stability of the domestic n-propanol market has been maintained. At the end of mid August, due to the improvement of n-propanol market demand and the improvement of sales volume in July, the offer of n-propanol in some secondary markets was raised again by 200-300 yuan / T. the ex factory price of domestic n-propanol bulk water was around 10500-11000 yuan / ton, with a high level of 11100 yuan / ton, including packaging price of 11300-12000 yuan / ton It is around 12500 yuan / ton. Subsequently, the overall high-level stable operation of the market, during the period of business offer more firm, more calm news.

Near the end of August, the domestic n-propanol market inflection point – the price fell

At the end of the day, the lower end of the market was lower than that of the lower end of the day, and the lower end of the market was lower than that of the lower end of the day, and the lower end of the market was lower than that of the lower end of the day, and the lower end of the market was lower than that of the lower end of the market. The lower end of the day was lower than that of the lower end of the market. In terms of the plant: Nanjing Rongxin Chemical Co., Ltd., the normal operation of n-propanol plant, the ex factory bulk water price of n-propanol was 10500 yuan / T, 500 yuan / t lower than a week ago. The normal operation of n-propanol plant in Nanjing NOAO new materials Co., Ltd. was normal, and the ex factory bulk water price of n-propanol was 10600 yuan / T, which was 400 yuan / t lower than a week ago. In terms of secondary market: the reference of ex factory quotation of n-propanol bulk water in Shandong is around 10300-10600 yuan / ton, which is 300-400 yuan / ton lower than a week ago, and the reference of Barrel Factory quotation is 11100-11600 yuan / ton, which is 200 yuan / ton lower than a week ago.

In terms of raw materials, the overall market price of ethylene has declined since August, and the current market trading atmosphere is flat. As of August 25, the reference price of ethylene was 681.25, which was 8.03% lower than that on August 1 (740.75). The ethylene price in Europe is temporarily stable. The high price of FD northwest Europe is 559 euro / ton, the low price is 551 euro / ton, and the average price is 555 euro / ton; the average price of CIF northwest Europe is 662 US dollars / ton. In the Asian ethylene market, CFR Northeast Asia quoted 715-725 USD / T, up 5 USD / T compared with the previous day, and CFR Southeast Asia quoted 685-695 USD / T.

In terms of crude oil, on August 25, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at $43.35/barrel, up $0.73. Brent crude oil futures market prices rose, the main contract settlement price to 46.29 U.S. dollars / barrel, up 0.65 dollars. WTI crude oil and Brent crude oil reached the highest level since March, mainly due to the hurricane, most of the offshore crude oil production units along the Gulf of Mexico were shut down, and supply risk partially offset the impact of the epidemic.

Just under the demand of n-propanol after the market more attention to raw materials and supply and marketing situation

After the isopropanol market gradually dropped to a high level, the domestic market demand of n-propanol once again entered the stable situation of rigid demand. At present, the domestic market demand is limited, and most of them are contracted users. The trend of n-propanol is mainly affected by the relationship between raw materials and supply and demand. After the current crude oil futures market price rises, the ethylene market of raw material may rise in the near future, thus providing the cost support for n-propanol again. From this perspective, it is possible for the market of n-propanol to stabilize and improve in the near future.

Trade name: ammonium chloride

Latest price (August 26): 637.5 yuan / ton

Analysis points: the market of ammonium chloride dropped slightly. According to the monitoring of business agency, the domestic price of dry ammonium chloride was 637.5 yuan / ton on the 26th, down 0.78% from the previous day. On the one hand, the pressure on the supply side has increased. According to the business agency, the overall operating rate of the combined soda is over 70%, and the inventory of ammonium chloride is gradually increasing. On the other hand, the demand of downstream farmers in off-season is not strong, and the overall market of ammonium chloride is slightly weaker than that in the earlier stage. According to the business agency, the overall industry operating rate of downstream compound fertilizer enterprises is about 60%.

After the market forecast, the market of ammonium chloride is expected to be weak in the short term.

Price list of aluminum ingot

According to the data of business agency, the average price of domestic aluminum ingot Market on August 26 was 14786.67 yuan / ton, a decrease of 1.49% compared with the average market price of 15010 yuan / ton at the beginning of the month (August 1); compared with the valley value of average market price at the beginning of the year (January 1), 14553.33 yuan / ton, an increase of 1.60%; compared with the valley value of average market price in the year (March 24), 11230 yuan / ton, an increase of 31.59%.

In August, the price of aluminum ingots fell first and then rose, with a range of 14400-15000 yuan / ton.

Domestic supply and demand in July

Electrolytic aluminum:

In July, China’s electrolytic aluminum output was 3.312 million tons, an increase of 1.83% year-on-year. From January to July 2020, the total output of domestic electrolytic aluminum is 21.13 million tons, with a year-on-year increase of 2.76 million tons.

Raw material: metallurgical grade alumina:

In July, the output of metallurgical grade alumina was 5.699 million tons, and the average daily output of metallurgical grade was 184000 tons, an increase of 0.04% over the same period of last year.

Downstream outlet situation:

In July 2020, China exported 373000 tons of UN forged and rolled aluminum and aluminum products, with a year-on-year decrease of 23.3%. Note: from January to July, the export of UN forged and rolled aluminum and aluminum products was 2.739 million tons, with a year-on-year decrease of 21%.

Social inventory stabilized in August

According to statistics, on August 20, the domestic spot inventory of aluminum ingots was 762000 tons, and the operation range of social inventory this month was between 730000 tons and 770000 tons.

Future forecast

At present, the price of electrolytic aluminum is stable and strong, and the future market is expected to continue to maintain.

At the raw material end, the overseas production reduction pushed up the alumina price, and the prebaked anode market remained relatively stable. At present, the profit of electrolytic aluminum industry is at a high level. Although there will be a batch of new production capacity to be put into operation this month, the electrolytic aluminum inventory has a slight recovery sign, but the current social inventory is still relatively low. The downstream is about to enter the traditional consumption peak season, and the operating rate has increased slightly, supporting the strong operation of domestic aluminum prices.

Price trend:

According to the data of the bulk list of business associations, the ABS market strengthened in the third week of August, and most spot prices in the market increased significantly. As of Friday, August 21, the mainstream offer price of general-purpose ABS was about 14250.00 yuan / ton, with a weekly increase of 6.34%, which was 10.47% higher than the average price level at the beginning of the month.

Factor analysis:

As for styrene upstream of ABS, the mainstream domestic styrene price fluctuated slightly in the third week of August. As of last Friday (August 21), the average price of sample enterprises was about 5133.33 yuan / ton, with a weekly decrease of 2.22%, and the price was 39.37% lower than that of the same period last year. In terms of inventory, the short-term oversupply situation has not changed, and the mainstream inventory is still at a high level. The arrival of styrene in port is stable, the warehouse capacity is tight, and the spot selling pressure is huge. On the cost side, crude oil fluctuated in a narrow range, ethylene fell and pure benzene was expected to decline, and styrene cost support weakened. Although the downstream demand is good at present, it is mainly supported by the mainstream downstream rigid demand. It is expected that styrene will be dominated by weak finishing in the near future. The market needs to pay close attention to the trend of crude oil price.

In terms of acrylonitrile upstream of ABS, the domestic market has been stable and the domestic market has been in short supply since last month, and the improvement is still small. The main reason for the shortage of supply is that the price is at a high level, the raw materials are rising, the factory is under pressure, and the manufacturers reduce the load operation. Although the market has changed from low to positive, the downstream just needs to buy, stock operation is cautious, merchants actively ship, and the trading situation turns weak compared with the first half of the month. Acrylonitrile market supply reduction problem is still in the near future, the price may be stronger.

The price of butadiene in domestic market was stable at the beginning of August, and the market rose obviously in the middle of August. In Asia and Europe, the external price of butadiene remained stable. Dealers have two attitudes: one is to follow the trend and the other is to keep the price unchanged and wait and see. At present, the market is generally optimistic, but the specific transaction follow-up is insufficient. Downstream synthetic rubber market quotation slightly increased, but obviously insufficient support. Business agency butadiene analysts predict that in the short term, the domestic butadiene market high volatility.

In the third week of August, domestic ABS spot supply decreased and the price rose sharply. Although the weakness of upstream styrene has depressed the market mentality to a certain extent, the overall cost support is acceptable, especially the recent high price of butadiene. At present, the operation level of ABS petrochemical plants in China is not as good as that in the early stage. In addition, extreme weather in some ports hinders the arrival of ships and cargoes. Some domestic floods have hindered the production of some polymerization plants, so that the supply situation in the near future is affected by multiple factors. ABS inventory is still at a low level, the spot circulation is tight. At present, businesses have a positive attitude, and downstream factories have turned to be positive in receiving goods. The low price in the market is active and reduced, and the atmosphere of pulling up is strong.

Future forecast:

Business agency analysts believe: the third week of August ABS market rose sharply, the prices of all brands have a certain range of adjustment. Cost side of the upstream three material recent trend is not the same, but the overall cost of ABS support is acceptable. At present, the shortage of ABS spot supply is increasing, and the downstream attitude towards the reduction of ABS supply has changed from wait-and-see to actively receive goods, and the situation of stock inquiry has increased. The resistance of the merchant to ship is reduced, and the low price order is reduced, and the real single profit making space is not large. It is expected that the domestic ABS price will continue to rise in the near future.

1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

Recently, the melamine market is mainly stable and weak. According to the monitoring sample data of business agency, as of August 25, the average price quoted by melamine enterprises was 5533.33 yuan / ton, which was flat compared with August 21 and increased by 9.21% compared with July 25.

On August 21, the average price quoted by melamine enterprises was 5533.33 yuan / ton. The downstream demand was flat, the manufacturers’ shipment was under pressure, and the high-end prices in some markets were loose, and the market was mainly stable. On the 25th, the melamine operating rate was high, downstream demand did not significantly improve, the market atmosphere was light, the quotation of enterprises was mainly stable, some enterprises’ prices were down, and the market situation of melamine was stable.

According to the data monitoring of the business agency, melamine prices in some regions (for reference only, the actual transaction price is mainly through negotiation): the price of melamine in some areas is higher than that in other regions

Regional remarks on August 21 to August 25

Factory quotation of 5500 yuan / ton and 5500 yuan / ton in Shandong

Ex factory quotation of 4900 yuan / ton and 4900 yuan / ton in Xinjiang

Ex factory quotation of RMB 5300 / T in Sichuan

Ex factory quotation of 5300 yuan / ton in Henan Province

For upstream urea, according to the monitoring sample data of business agency, the price of urea in Shandong Province dropped slightly (8.17-8.21) this week, and the quoted price dropped from 1766.67 yuan / ton at the beginning of the week to 1743.33 yuan / ton at the end of the week, down 23.34 yuan / ton or 1.32%, and 4.65% compared with the same period last year. On the whole, the urea market fell slightly this week, and the urea commodity index on August 21 was 81.09. On August 24, the urea market in Shandong Province dropped slightly. The upstream liquid ammonia dropped slightly recently. The cost support was general, and the downstream demand was general. The rubber plate factory and compound fertilizer plant followed up appropriately, and the middlemen were cautious in receiving the goods.

3、 Future forecast

Melamine analysts in the business agency believe that in the near future, the price of raw material urea has fallen slightly, the cost support has been weakened, and the melamine operating rate is high, but the downstream demand is weak. It is expected that in the short term, the melamine market will be stable and weak.

According to the data monitored by the business agency, as of August 25, the price quoted by pet water bottle manufacturers was 5466.67 yuan / ton, and the price of mainstream manufacturers was around 5400-5500 yuan / ton. The East China region maintained the sorting out, and the downstream was cautious to wait and see, and just needed procurement was the main thing.

In recent years, pet operation is weak, the demand is general, the negotiation atmosphere is low, and just need purchasing is the main trend. At present, the mainstream manufacturers in East China offer around 5400-5500 yuan / ton, and the mainstream market negotiation is around 5300-5400 yuan / ton. At present, the price of Xiamen Tenglong is 5400 yuan, Yuan / ton Guangdong Taibao 5400 yuan / ton, Zhuhai China Resources 5400 yuan / ton, Zhejiang wankai 5400 yuan / ton, Yizheng Chemical fiber 5350 yuan / ton, most of them are cautious and wait-and-see attitude.

The negotiation of upstream PTA market is stable, the transaction atmosphere is general, and the demand is poor.

On August 24, the rubber and plastic index was 631 points, up 2 points compared with yesterday, 40.47% lower than 1060 (2012-03-14), and 19.51% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

On August 24, PTA commodity index was 35.07, which was the same as yesterday, decreased by 66.25% from 103.92 (2011-09-15), and increased by 16.55% from the lowest point of 30.09 on April 22, 2020. (Note: period refers to 2011-09-01 to now)

Pet analyst of business club thinks: in the short term, the pet market shocks and arranges, weak operation. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price trend:

According to the data from the business club’s bulk list, the domestic PA6 market was adjusted in a narrow range in the third week of August, while the spot price adjustment of most brands was relatively small. As of August 23, the mainstream offer price of 2.75-2.85 from traders was about 10900.00 yuan / ton, which was 0.62% higher than the average price level on Monday, August 11, and 0.30% lower than the average price level at the beginning of the month.

2、 Analysis of influencing factors:

The price of caprolactam upstream of PA6 increased slightly in the third week of August. The average ex factory price of caprolactam on August 17 was 9416 yuan / ton, and that on August 23 was 9450 yuan / ton, with a price increase of 0.35%. At present, the operating rate of caprolactam enterprises is 79%. As of August 23, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was quoted as 9000 yuan / ton; that of Nanjing Dongfang caprolactam liquid was 9950 yuan / ton; that of Baling Hengyi caprolactam liquid was 9700 yuan / ton; that of Baling Petrochemical was 9700 yuan / ton. In terms of pure benzene in the upstream, the decline was obvious in the north, and the restart of downstream maintenance equipment was delayed, which caused pressure on the supply and demand side of the north. The listed price of pure benzene in North China of Sinopec was reduced by 100 yuan / ton, while no adjustment was made in other regions. The market is waiting for Sinopec’s price guidance. The cost support of pure benzene p-caprolactam is reduced, and the downstream demand is slightly improved. It is expected that the price of caprolactam will be low in the short term, and the finishing operation will be dominated.

The third week of August PA6 market is still calm. The upstream caprolactam stabilized, the operating rate was high, and the cost support was expected to weaken, which was negative for the PA6 spot market. In terms of consumption of PA6 chips, due to the early stage traders and downstream factories have certain prepayment consumption for the coming “golden nine silver ten”, the current trading volume of PA6 is weakening and the market atmosphere is mainly stalemate. In addition, the downstream nylon operating rate has decreased, generally speaking, the negative is greater than the good, and the price fluctuates slightly. In terms of business operation, they prefer to ship at a stable price, and the actual orders are more profitable. In order to improve the market trading, it is necessary to further observe the downstream inventory consumption.

3、 Future forecast:

Business agency analysts believe: in the third week of August, domestic PA6 market narrowly recovered, and spot prices of various brands were adjusted. The upstream caprolactam has a strong price, but it has a general support for the cost end of PA6. Downstream factory inventory is more sufficient, inquiry intention is not strong, weak demand, PA6 trading volume into a deadlock. Business mentality is not strong, near the end of the month, the actual single has a profit to go single operation. It is expected that the PA6 market will continue to fluctuate in a narrow range in the near future.

Last week, the overall epoxy resin market rose in a wide range. According to the monitoring data of the business agency, the average offer of liquid epoxy resin was 18200 yuan / ton, up 2.86% in the week. As of last Friday, the negotiated price of liquid resin in East China was 18200-18600 yuan / ton, and that of solid epoxy resin was about 14500 yuan / ton. Within the week, resin cost support is still good, factory new single offer performance is firm.

In terms of installation, the solid resin plant in Huizhou Park in Huangshan area has not yet been fully recovered. In addition, the Shexian Industrial Park has stopped steam from 19 to 27, and the solid resin factory will face all the shutdown. The market supply is tight, and the factory mainly delivers the early orders, which leads to the rise of new orders of solid resin factory. On the downstream side, it mainly consumes the inventory of previous orders, and the majority of them are purchased on demand, and the follow-up volume of new orders is limited.

Raw material bisphenol a market went up, the market offer was mostly at 10000 yuan / T, the external sales volume of downstream orders delivered by the start-up factory was limited, and the current supply of goods from shippers was small, and the offer was driven by strong sentiment. The market opened higher this week. The short-term East China market offer is expected to remain at 10000 yuan / ton. The market price of raw material epichlorohydrin is about 9500-9800 yuan / T. in terms of plant, the production of 130000 T / a propylene process plant and 100000 t / a glycerine epichlorohydrin unit in Haixing, Jiangsu Province, was unstable last week. The products were not exported for the time being, so the market was low, and the factory’s offer was firm.

Zinc price trend

According to the data monitoring of business agency, since August, the price of zinc has been fluctuating and rising. Before August 20, the price of zinc did not fall continuously in August. But 21 and 24 consecutive trading days of zinc prices fell, what does the zinc market foretell, whether the future market of zinc market can continue to rise?

From January to June 2020, the global zinc market will have an excess supply of 177000 tons

According to the report released by the world Bureau of Metal Statistics (WBMs), from January to June 2020, the global zinc market was oversupplied by 177000 tons, while in the whole year of 2019, there was a shortage of 74000 tons. During the period from January to June, inventory increased by 149000 tons, including a net increase of 70000 tons in Shanghai. From January to June, LME inventory increased to 71000 tons higher than that in December 2019. Affected by the epidemic situation, the global zinc market demand has declined seriously, and the inventory has increased significantly. The zinc market has insufficient upward momentum and great downward pressure.

LME market inventory

As of August 24, the zinc ingot inventory in LME market was 225075 tons, which was significantly higher than 188050 tons at the beginning of the month (August 1). The serious overstocking of zinc ingot in the international market affects the further rise of zinc price in the international market, thus hindering the rise of domestic zinc market, which is unfavorable to the domestic zinc price.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, said: from the statistical data, we can see that the global zinc market is seriously overstocked, and the supply of zinc ingots in the international market is seriously oversupply, which is bad for the domestic zinc market. With the resumption of production and work in the global economy, the demand for zinc market is getting warmer, and the price of zinc has an upward momentum. However, the backlog of zinc ingot inventory in the first half of the year will be listed on the market, which has a negative impact on the price of zinc, and there is insufficient support for the rise of zinc market. It is expected that the future zinc market will be stable.