According to the price monitoring of the business community, the price of quasi first grade metallurgical coke in Shanxi Province was 2600 yuan/ton on October 12, unchanged from the previous trading day.

The coking coal market has been operating stably, moderately and strongly in the near future. The coal mines in the main production areas have plans to limit production and stop production in the near future. It is estimated that the market is expected to tighten in about 5-7 days. The transportation in some areas is still blocked at present, which has a certain impact on the shipment. The tight supply supports the higher price of coking coal.

In terms of supply, motor transport is still limited in some cities of Shanxi today, and the supply of raw materials and coke export of some enterprises are affected to varying degrees. The production and marketing situation in other regions has not changed much, and the inventory in the factory is generally low. In terms of downstream demand, the recent commencement of steel plants has maintained a high level of stability, the overall demand for coke is relatively stable, and the coke demand is still there. In the future market, the sales of finished products have improved to a certain extent, the demand for coke procurement is still good, and the mentality of coking enterprises is strong. It is expected that the coke market will operate stably, moderately and strongly in the short term. The future market will focus on the impact of transportation and the profit of coke steel enterprises on coke prices.

It can be seen from the trend chart that the market price of paraxylene has risen. The domestic price of paraxylene has risen by 300 yuan/ton to 9300 yuan/ton. Recently, the domestic supply of paraxylene is normal, the domestic PX operating rate is more than 70%, and the domestic supply of paraxylene is average. In addition, the operation of overseas plants is normal, the domestic price of paraxylene has risen. During the National Day holiday, the trend of international oil prices rose, and the price of PX external market rose. On the 10th, the closing prices in Asia were 1110-1112 US dollars/ton FOB South Korea and 1128-1130 US dollars/ton CFR China. Recently, the operating rate of PX devices in Asia was normal. On the whole, the operating rate of PX devices in Asia was about 60%, and the supply of PX goods in Asia was normal. Chen Ling, an analyst at PX Business Agency, believed that the current short-term crude oil price remained high, The downstream PTA and textile industry started to rise, and the market price of paraxylene rose slightly in the later period.

On the cost side, the trend of crude oil during the festival was strong, and the external market rose continuously, boosting the domestic pure benzene market. Factory shipments in Shandong are good, and prices continue to rise. The price of the main refinery was raised, and the market center rose again.

After the festival, the demand for aniline was strong, the situation of tight spot supply on the market continued, and the price of aniline continued to rise. The raw material level is still likely to rise, supported by the cost, and the trend of aniline is strong. Today, the price in Shandong is 13100-13570 yuan/ton; The price of aniline in East China is 13800-14000 yuan/ton.

In September, the domestic polyester staple fiber prices showed a small upward trend. According to the price test of the business community, the average price of domestic polyester staple fiber spot market on September 30 was 7926 yuan/ton, 2.81%% higher than the price of 7710 at the beginning of the month, 7.94% higher than the same period last year. In the futures market, the staple fiber contract at the end of the month closed at 7152 (settlement price 7148), down 4.23% from the beginning of the month.

Industrial chain: In September, the Federal Reserve raised interest rates by 75 basis points and repeated outbreaks, which depressed the demand for crude oil and lowered the international crude oil price. By the end of the month, the settlement price of the main contract of US WTI crude oil futures had been 82.15 dollars/barrel, down 8.26% for the whole month. In September, the maintenance and restart of domestic PTA plants coexisted, and the output increased slightly. However, it is still in a tight balance, the pattern of social inventory reduction continues, and the current supply of goods in the spot market is still tight. In September, the domestic PTA spot market rose first and then fell. In September, the overall domestic ethylene glycol started operation at a relatively low rate, and the capacity utilization rate was about 50%. The price of ethylene glycol was low in the early stage, which brought about a slight improvement in the price after the supply contraction this month. However, some devices are planned to restart in the near future, and the supply is expected to recover at a low level. In September, the domestic pure polyester yarn and polyester cotton yarn market continued to be light, and the market price was basically stable. Downstream orders lacked the downward impact of superimposed costs, and prices fell slightly near the end of the month.

Supply and demand: In September, the short fiber unit was overhauled more frequently, and the supply decreased. The downstream has also entered the traditional peak season of the year. The starting load of the yarn mill and textile mill has increased, and the demand has improved month on month. Affected by typhoon weather and epidemic prevention and control this month, the logistics transportation was blocked in the short term, and the supply of goods available for spot circulation was tight. The spot price of staple fiber rose slightly throughout the month, with a trend significantly stronger than that of futures.

Analysts from the business community believe that the recent rise in geopolitical tensions, coupled with hurricane weather, has led to a temporary reduction in crude oil supply in the US Gulf, boosting the rebound in oil prices, and strengthening the cost end support of polyester staple fiber. In October, the textile terminals may gradually turn to the peak season, the operating rate is expected to rise, and the demand may improve. With the restart of the unit after maintenance and the implementation of new capacity, the supply pressure of staple fiber may increase in October. It is expected that polyester staple fiber will show a strong trend of shock in October. Pay attention to changes in crude oil prices, plant restart and downstream orders.

On October 8, the price of acetic acid in East China was 3462.50 yuan/ton, an increase of 4.83% compared with that before the National Day. The price of methanol in the upstream was higher, and the cost support was good. The demand in the downstream was fair during the National Day, and the enterprise was optimistic. The quotation was raised during the National Day, and the focus of market negotiation was moved up. However, on the whole, the market supply and demand were deadlocked, and the downstream demand was limited. It was expected that the short-term acetic acid market would wait and see to sort out and operate, and the price would rise slightly. The specific focus was on market transactions.

According to the monitoring data of the business community, during the National Day holiday, the hydrogen peroxide market fell sharply, by nearly 3%. On October 1, the average price of hydrogen peroxide in the market was 920 yuan/ton. On October 7, the average price of hydrogen peroxide in the market was 893 yuan/ton, down 2.9%.

Weak terminal demand Hydrogen peroxide market fell

During the National Day holiday, hydrogen peroxide terminal printing, paper industry and other manufacturers stopped for maintenance, terminal demand turned weak, manufacturers were not confident in pricing, and they lowered the factory price one after another. The hydrogen peroxide market fell, with the mainstream quotation dropping to 890 yuan/ton, a drop of more than 2%.

Hydrogen peroxide analysts from the business community believe that after the festival, terminal demand is not good, hydrogen peroxide manufacturers have started up in succession, and the supply is sufficient, and hydrogen peroxide may continue to weaken in the future market.

According to the monitoring of the bulk data of the business community, the price of acetic acid fluctuated in September, falling first and then rising as a whole. The average price of acetic acid at the beginning of the month was 3235.00 yuan/ton, and the price at the end of the month was 3230.00 yuan/ton. The monthly drop was 0.15%, and the price was 63.91% lower than that of last year.

As of September 29, the market prices of acetic acid in various regions in China in September are as follows:

Region, September 1, September 15, September 29

South China, 3150 yuan/ton, 3100 yuan/ton, 3250 yuan/ton

In North China, 3200 yuan/ton, 3150 yuan/ton, 3220 yuan/ton

Shandong, 3150 yuan/ton, 3050 yuan/ton, 3150 yuan/ton

Jiangsu Province, 3250 yuan/ton, 3050 yuan/ton, 3050 yuan/ton

Zhejiang, 3350 yuan/ton, 3150 yuan/ton, 3200 yuan/ton

In September, acetic acid market was dominated by wide shocks, with prices falling first and then rising. In the first ten days of the year, the acetic acid market was consolidated and operated, with sufficient supply of goods, limited downstream demand, weak market supply and demand, and volatile acetic acid prices; The acetic acid market was weak in the middle and late ten days, mainly because the acetic acid maintenance enterprises resumed normal operation, the market supply was sufficient, downstream purchasing continued to be weak, and the price of acetic acid continued to decline when the supply was weak; As the National Day holiday approaches at the end of the month, the downstream demand for goods to be stocked in the market has increased. Enterprises have a strong interest in price fixing, and the quotation has risen. Following the rise in the upstream methanol price, the raw material support is good. The acetic acid price at the end of the month rose to near the beginning of the month.

The downstream ethyl acetate price was weak in September, and the quotation at the end of the month was 6600-7000 yuan/ton, down 0.40%. The raw material acetic acid market was weak and volatile, with limited cost support and weak downstream demand for ethyl acetate. In addition, the operating rate of ethyl acetate was stable in September, the inventory pressure increased, the market supply and demand performance was insufficient, and the ethyl acetate market was weak.

According to the analysts of the business community, the acetic acid market is the main player at present. The downstream stock preparation before the festival brings good demand, and the enterprise quotation is rising. The upstream methanol rise at the end of the month further supports the rise. However, from the perspective of the demand side, the downstream mostly follows up on demand, with limited procurement. The replenishment before the festival brings short-term benefits. It is expected that the acetic acid market will be consolidated in the future, and the downstream follow-up will be paid more attention.

Overview of ethylene glycol price trend

According to the data of the business society, on September 28, the average price of oil to ethylene glycol P value was 4333.33 yuan/ton, which was 0.76% lower than the average market price on September 26.

At present, the spot market of ethylene glycol in Zhangjiagang is generally traded, and the market atmosphere is rather empty. The market negotiation price is around 4200 yuan/ton. The ex factory price of ethylene glycol in Northwest China decreased slightly on the 28th, by 50 yuan/ton.

Recently, domestic devices have been intensively overhauled on a large scale, and the supply side remains low.

According to the demand data, the new orders for terminal demand this year are weaker than the same period of previous years, resulting in a weak willingness to prepare weaving materials. The total polyester inventory has rebounded on a month on month basis, and the absolute inventory is at a relatively high level. At present, the profit of various polyester varieties is poor, leading to the increase of production reduction expectation of some polyester enterprises.

Future market forecast

Supply is strong and demand is weak. In the short term, the price of ethylene glycol is mainly weak and stable. In the future, we will wait and see the maintenance sustainability of coal chemical industry and the follow-up of terminal orders.

According to the price monitoring of the business community, the average price of sulfur in East China was 1363.33 yuan/ton on September 27, an increase of 3.02% over the previous working day, and the market price was up.

The downstream sulfuric acid market rose, the ammonium phosphate market rose steadily, the overall transaction atmosphere improved, the National Day holiday was approaching, the downstream demand increased, the active stock up, and the support for the sulfur market was strengthened. The sulfur refinery in Shandong Province shipped smoothly, the quotation was raised, and the port continued to operate on a strong basis. The cargo holders were optimistic about the market, the industry was optimistic, which gave the sulfur market a positive role, and the short-term sulfur market was relatively strong, Pay special attention to the downstream follow-up.

On September 26, the average price of TDI market in East China was 19475.00 yuan/ton, up 0.26% from the previous working day, and the market was on the rise. The factory has limited supply, and the spot market continues to be tight. The sellers are reluctant to sell. The price is high, and the downstream is wait-and-see. Inquiry is just needed, and small orders follow up. The market transaction range is general. At present, the dealers in East China offer prices between 19000-19500 yuan/ton for domestic products, and 19500-19700 yuan/ton for Shanghai products.

At present, the market supplier plays a leading role. It is expected that the short-term TDI market will continue to operate at a high level, with specific attention to market supply and downstream follow-up.