Acetic anhydride market stable

According to the monitoring data of business society, the price of acetic anhydride on September 1 was 9650.00 yuan / ton, which was stable compared with the price of acetic anhydride on the previous trading day (August 31), and decreased by 0.77% compared with 9725.00 yuan / ton on August 1 at the beginning of the month, up 69.30% year-on-year. The price of acetic anhydride stopped falling and stabilized, and the acetic anhydride market was flat in September.

The raw material market is stable and wait-and-see

As can be seen from the acetic acid price trend chart, the acetic acid price fluctuated slightly in late August and stabilized after rising. Although there are small differences in the acetic acid market around, the overall acetic acid market is stable and wait-and-see. The price of acetic acid was stable on September 1, and the acetic acid market remained stable on September 1.

As can be seen from the methanol price trend chart, the methanol price stabilized after rising in late August, and the methanol market stabilized. The raw material cost is stable, and the rising power of acetic anhydride is weakened.

Market overview and future forecast

Bai Jiaxin, acetic anhydride data analyst of business society, believes that the market price of raw materials was relatively stable on September 1, the rise of acetic anhydride prices and raw materials was not supported, and the acetic anhydride market operated smoothly. Recently, it is still in the off-season of acetic anhydride. Downstream customers have great resistance to high price acetic anhydride, and the demand for acetic anhydride is low; Wang Long has a maintenance plan for acetic anhydride equipment recently, and the supply of acetic anhydride is expected to decrease, which is still supported by the rise of acetic anhydride in the future. Overall, the supply and demand of acetic anhydride market are both weak, the support of raw materials is absent, the acetic anhydride market runs flat, and the price of acetic anhydride is mainly stable.

According to the price monitoring of business agency, the domestic PTA market fell significantly in August. As of August 31, the average spot price was 4926 yuan / ton, down 11.11% from the beginning of the month and up 37.62% year-on-year. The futures market also weakened. On August 31, the settlement price of 2201, the main PTA futures, was 4968 yuan / ton, down more than 10% in a single month.

In terms of PTA supply, with the restart of some PTA units in mid and late August, the supply pressure has increased, and the current operating rate is more than 80%. Superimposed on the decline in demand, PTA ended destocking and began to accumulate inventory again in late August. Near the end of August, PTA’s main suppliers announced that the contract supply in September was 80%, and the suppliers reduced the supply for the sixth consecutive month.

OPEC + began to increase production. In August, the crude oil price once fell to a three-month low, the crude oil price weakened, and the PTA cost side price support weakened. The production and sales of downstream polyester factories were poor and the inventory increased. Large factories jointly reduced production, and the operating load decreased by less than 83%, down by about 5% compared with the beginning of the month. In terms of price, the polyester factory has promoted for many times, and the downstream procurement has a large volume. However, due to the weak new weaving orders, poor finished product delivery, continuous high inventory, weak orders and the impact of the epidemic on logistics, the downstream just needs procurement, and the demand for PTA is weakened.

Business analysts believe that at present, PTA cost side price support is insufficient, the follow-up of new orders at the terminal is slow, and the downstream polyester factories may increase production reduction due to poor production and sales, PTA demand will continue to be weak, and inventory may increase. In addition, PTA’s new production capacity has reached production capacity one after another, and the pressure on fundamental supply and demand has increased. It is expected that the PTA market will maintain a volatile downward trend in September.

According to the monitoring data of business society, since August, after the sharp decline of hydrogen peroxide Market, it ushered in a rising market, hit the bottom and rebounded, and the price showed an upward trend as a whole. At the beginning of the month, the average price of hydrogen peroxide market was 836 yuan / ton. At the end of the month, the average price of hydrogen peroxide market was 846 yuan / ton, up 1.2%.

Terminal demand increased, and the hydrogen peroxide Market recovered as a whole in August

Since August, the price of hydrogen peroxide has fallen by more than 3.5% in the first week due to the decline in July.

From the second week, the market of terminal paper industry was stable, the caprolactam market was high, the purchase demand warmed up, the order volume of hydrogen peroxide increased, the manufacturer’s quotation began to rise, and hydrogen peroxide has reached the inflection point. In the week of August 9, the price of hydrogen peroxide increased by 1.64%.

In the third week, due to the shutdown and maintenance of some hydrogen peroxide enterprises, the terminal rigid demand increased, which was supported by benefits. The hydrogen peroxide still maintained an upward trend. The average market price reached the first line of 850 yuan / ton, and the price increased by 4.96% compared with the beginning of the month.

At the end of the month, due to the end of the terminal stock market, the price of hydrogen peroxide fell again, and the price corrected one after another, with a decrease of nearly 1.2%.

Li Bing, hydrogen peroxide analyst of business society, believes that the golden nine silver ten is coming, and the future market of hydrogen peroxide is still expected to rise.

According to the bulk list data of business society, the price of domestic industrial boric acid remained stable this week. On August 26, the price of boric acid was 6200-7000 yuan / ton (the average price was 6700 yuan / ton).

Boric acid price trend has not changed significantly this week. Recently, the price of boric acid is in a high and stable state. Due to the impact of the epidemic, the spot of imported boric acid products is not sufficient, but the tense trend of logistics has eased, which is about a week later than that in the normal period. The sales volume of domestic boric acid is stable and the inventory is relatively tight. Glass prices of downstream products have stable support.

According to the data monitoring of the business agency, the price of boric acid in some enterprises in the near future (for reference only, the actual transaction prices of different brands, different specifications and products are mainly negotiated)

Business community boric acid analysts believe that the recent logistics tension has eased, and the spot inventory is still tight. The price is stable in the short term, and it is recommended to purchase on demand. More attention should be paid to the market news guidelines.

Weak operation of acetic anhydride price

According to the data monitoring of business society, the price of acetic anhydride fell this week, and the acetic anhydride market was weak. As of August 26, the price of acetic anhydride was 9650.00 yuan / ton, down 2.65% from 9912.50 yuan / ton on August 19 last weekend; The price of acetic anhydride decreased by 0.77% from 9725.00 yuan / ton on August 1 at the beginning of the month.

Weak operation of raw material cost

As can be seen from the price trend chart of acetic acid, the price of acetic acid fluctuated and adjusted this week, and the price of acetic acid varied in various regions. The maintenance of acetic acid enterprises in North China still existed, the price of acetic acid increased slightly, the inventory backlog in East and South China increased, and the price of acetic acid decreased by 50-100 yuan / ton. The overall acetic acid market is dominated by just demand, the acetic acid market is shaken and consolidated, with both ups and downs, and the cost of acetic anhydride is generally weak.

Market overview and future forecast

Bai Jiaxin, acetic anhydride data analyst of business society, believes that this week, the inventory of acetic acid enterprises in East and South China is overstocked, the maintenance of acetic acid enterprises in North China is reduced, the rise of acetic acid price is slowed down, the acetic acid market is weak, the cost of acetic anhydride is weak, and the acetic anhydride market is weak. Overall, in the future, the rising power of acetic anhydride market weakened, the downward pressure increased, and the acetic anhydride market weakened.

After the domestic phenol Market stopped falling and recovered last week, the focus of phenol Market negotiation continued to rise this week. As of last weekend, the market reference in East China was 9200-9300 yuan / ton, and that in Shandong and Yanshan surrounding areas was 9250-9300 yuan / ton. On Tuesday, the shutdown of Taiwan Xinchang plant was transmitted to the domestic market, and the mentality of phenol and ketone holders increased, rapidly pushing up the market, The participation of intermediate traders has increased rapidly and the market activity has increased, while the factory has raised the listing price twice, which has helped the overall market increase by about 4%.

The downstream bisphenol a market continues to rise. At present, the social inventory is low, and it is difficult for factories and traders to have a low intention under the support of just need. Moreover, with the help of the auction of a factory in East China this week, the market continues to operate at a high level. So far, many factories have closed their offers, and the current offer in the mainstream market is 27500-27800 yuan / ton.

From the perspective of business community, the domestic phenol market continues to operate at a high level and is expected to slow down. It is expected that the negotiation in East China market will be 9250-9300 yuan / ton.

In mid August, the dimethyl ether Market returned to the rising route, and the price increased slightly. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 3480.00 yuan / ton on August 17 and 3512.00 yuan / ton on August 23. During this period, the overall increase was 0.93%, an increase of 53.38% compared with the same period last year. As of August 23, the domestic market prices of dimethyl ether in various regions are as follows:

region Specifications date offer

Shandong region Mass fraction of dimethyl ether: ≥ 99.0% August 23rd 3690 yuan / ton

Hebei region Mass fraction of dimethyl ether: ≥ 99.0% August 23rd 3590 yuan / ton

Henan region Mass fraction of dimethyl ether: ≥ 99.0% August 23rd 3510-3530 yuan / ton

In the middle of the month, the domestic dimethyl ether Market as a whole increased, of which Henan Province increased significantly, the price increased slightly continuously, and most of the current prices exceeded 3500 yuan / ton. The cost of methanol has risen steadily recently, and the increase of raw materials has significantly supported the dimethyl ether Market. In addition, with the recovery of demand in Henan, the downstream market entry situation has eased, the overall transaction atmosphere of the market is better than that in the early stage, the manufacturer’s inventory is mostly at a controllable level, the mentality is relatively strong, and the price is pushed up slightly. However, the current off-season has not passed, and the downstream mentality is cautious, still focusing on on-demand procurement.

In terms of cost methanol market, at present, crude oil continues to decline, coal prices are relatively strong, and the new price of major production enterprises in the main production area of Northwest China rose by about 30-50 yuan / ton this week, which has obvious positive guidance for the market. Traders are relatively active, but the downstream demand is relatively weak. In the short term, methanol just needs to be purchased, and the rise of the whole methanol market is weak.

Although the cost of methanol market has increased, which has brought some positive support to the dimethyl ether Market, the international crude oil has decreased, the civil LPG market has followed the decline, and the off-season has not passed, the terminal demand has not improved significantly, the downstream is in conflict with the high price, multidimensional holds replenishment on demand, and the enthusiasm for entering the market is general. Generally speaking, the dimethyl ether Market has limited room for rise in the short term, Or narrow adjustment.

According to the bulk list data of business society, the TDI market price was sorted upward this week. On August 20, the average market price in East China was 17505 yuan / ton, an increase of 5.05% during the week compared with 14350 yuan / ton on August 14.

The TDI market rose sharply this week. At the beginning of the week, due to the release of the closing news of a factory in Shanghai and the superposition of the shutdown and closing of a TDI plant in the north, the atmosphere in the venue was bullish. On the 17th, the market learned that the latest TDI quotation of a factory in Shanghai rose to 15800 yuan / ton. The supplier’s good news superimposed, the atmosphere in the venue was bullish, the offer of the holder rose, the quotation of the distribution market rose, and the downstream just needed to follow up, The acceptance of high price TDI is not high, and the market is weak and downward at the weekend. As of the 20th, for domestic goods with tickets in the mainstream market in East China, the reference is 14400-14700 yuan / ton, and for Shanghai goods with tickets, the reference is 14700-14800 yuan / ton, mainly through real order negotiation. The dealer’s quotation is adjusted with the market news, and the mentality is wait-and-see operation within the week.

The price of toluene continued downward consolidation this week. On the 20th, the average domestic price of toluene was 5732.20 yuan / ton, a decrease of 0.70% compared with 5772.20 yuan / ton on August 14. Demand is weak, business transactions are poor, and the atmosphere in the venue continues to be light. Crude oil fell continuously during the week, dragging down the bulk commodity market. As the downstream toluene, the market mentality was bearish, the price followed the decline, and the toluene market was weak in the later stage.

According to the analysis of TDI data division of business society, at present, the domestic TDI market is mainly sorted and operated, the downstream has low acceptance of high prices, general enthusiasm for entering the market, mainly buying on demand, and a small number of market transactions. It is expected that the TDI market will be sorted and operated in the later stage, and the future trend will pay attention to the information guidance of the supplier.

Price trend:

According to the bulk list data of business society, the domestic ABS market fluctuated in the third week of August, with spot prices rising and falling. As of August 20, the average price of mainstream offer of general-purpose ABS was about 18050 yuan / ton, an increase of 1.40% over the average price at the beginning of the month and 26.67% over the same period last year.

Factor analysis:

Industrial chain: Recently, the international oil price has weakened as a whole, which is bad for the upstream chemical chain of ABS. The market guidance of direct raw material styrene was insufficient this week, and the mainstream price was lowered.

The upstream acrylonitrile market has been consolidated and operated horizontally recently, and the spot price is stable. At present, the supply and demand of domestic acrylonitrile market is balanced, the fundamentals are stable, and the cost support for ABS is stable

Butadiene rose this week. The news showed that the resumption of some equipment was delayed recently, which was good for the market on the supply side. Although there is an expectation of supply increment in the later stage, it is temporarily good for ABS in the short term.

The upstream market fluctuated, and the ABS cost side support was acceptable. The current operating rate is high. Previously, the operating rate of the industry was close to full load, but some enterprises have maintenance and parking plans next month, which is good for the future supply side, boost market confidence and create a speculation atmosphere in the market. In addition, near the peak season, downstream operators gradually began to purchase and prepare goods, offsetting part of the increase in supply caused by high opening rate. However, the resistance to the rise of spot prices is significant, and the acceptance of terminal demand for high price goods is limited.

Future forecast:

Business analysts believe that the ABS spot market fluctuated in the third week of August, and the trend of the three upstream materials fluctuated, which supported the ABS cost side. The increase in supply caused by the high load of on-site devices coexists with the increase in the buyer’s stock volume, and there are some device maintenance plans in the later stage. The merchants in the venue try to report high, but there is great resistance to the shipment of high price goods. It is expected that the ABS spot market may be sorted out and operated at a high level in the short term.

1、 Price trend

According to the commodity data monitoring, the price of Yunnan Guizhou yellow phosphorus is relatively stable. The average price of yellow phosphorus this week is 24666.67 yuan / ton.

2、 Market analysis

The price of yellow phosphorus was relatively stable this week. Many manufacturers closed their offers without reporting, mainly for early orders. Up to now, the mainstream quotation of yellow phosphorus in Yunnan is about 24000-24500 yuan / ton; The mainstream quotation in Sichuan is about 25000 yuan / ton; The mainstream quotation in Guizhou is about 24000 yuan / ton. This week, the downstream enterprises of yellow phosphorus purchased more actively, the spot on the site was tight, many manufacturers closed their offers without reporting, the market confidence was good, and the bullish expectation of yellow phosphorus was strong.

In terms of raw materials, the transaction price of phosphorus ore market is constantly approaching the high end. Up to now, according to the monitoring of bulk commodity data, the reference average price in the mainstream areas of 30% grade phosphorus ore in China is around 563 yuan / ton, and the market price has also risen to the high point. Under the high price, the downstream demand may be weak. Therefore, the phosphorus ore analysts of business society believe that in the short term, the probability of continued rise in China’s phosphorus ore market is small, and most of them will operate stably and firmly at the high level.

In terms of coke, the coke market in Shandong and Hong Kong is relatively strong today. At present, the mainstream spot exchange delivery price of quasi primary metallurgical coke in the port area is about 3150 yuan / ton, and the price of primary coke is 3250 yuan / ton, which is flat compared with the previous day. The inventory in the two ports continues to be low, the market sentiment in Hong Kong is low, and the overall trading is relatively cold. Recently, the raw coal price has remained high, and the cost pressure of coking enterprises has increased. Since August 20, many enterprises in main production areas such as Shandong, Hebei and Shanxi have opened the fifth round of raising 120 yuan / ton. As of August 19, the market price of Panzhihua coke (secondary metallurgical coke) was 3190 yuan / ton.

The price of phosphoric acid rose steadily this week. The average price of phosphoric acid last Thursday was 6816.67 yuan / ton, and that of phosphoric acid this Thursday was 7025 yuan / ton. The price increased by 3.06% during the week. Recently, yellow phosphorus has been consolidated at a high level, the phosphoric acid market has been watching carefully, the trading volume is good, and the actual transaction is mainly through negotiation.

3、 Future forecast

The yellow phosphorus analyst of the chemical branch of business society believes that the yellow phosphorus market price is relatively stable this week, the trading atmosphere on the floor is good, and the supply of goods is tight. The price of phosphate rock in the upstream increased and the price of phosphoric acid in the downstream increased. On the whole, the market confidence is good and the upstream and downstream support is strong. It is expected that the market price of yellow phosphorus is expected to rise in the short term.