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.

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.