According to the monitoring of the bulk data of the business agency, the domestic ethyl acetate market fluctuated upward in September. As of September 29, the average price of enterprises in East China was about 5775 yuan / ton, which was 3.08% higher than the average price of 5602 yuan / ton in East China at the beginning of the month, and 2.67% higher than the same period of last month.

The domestic ethyl acetate market fluctuated and rose in September, the market started stable in the month, the enterprise inventory was low, the high price of raw materials and the trading intention of downstream market before the double festival promoted the price of ethyl acetate to go up. Near the end of the month, the market trading atmosphere declined, and the market tended to stabilize obviously. At present, it is about 5700 yuan / ton in East China, 5600 yuan / ton in North China and 6100 yuan / ton in South China.

In terms of raw materials, the acetic acid market is high and firm, the production of enterprises is recovering gradually, the market trading situation is good, and the enterprise inventory is not under pressure, the price intention is strong, and it is expected to maintain stable operation in a short time. The ethanol market is stable and firm, and the price of raw corn is running steadily under the support of demand. The ethanol production enterprises have successively issued maintenance plans, and the market supply is expected to be reduced to a certain extent, and it will be stable in a short time.

The price of international ethyl acetate Market has been stable in the month. At present, the port price of European market is about 755 euro / ton, and that of North American market is about 670-720 US dollars / ton.

According to the analysts of ethyl acetate of business club, at present, the domestic ethyl acetate Market has turned weak, and most of the production enterprises mainly focus on the delivery of early contract, which is close to the double festival and is expected to maintain stable operation in a short period of time.

At the beginning of September 28 and the beginning of the week, the prices of adipic acid in China were generally stable and small movements, and the quotations of dealers in some regions rose or fell slightly. The manufacturer’s quotation is mainly stable for the time being. The normal operating rate of the device is about 80%. The manufacturer’s inventory is still under certain pressure. The market supply and demand structure is basically balanced, and the downstream demand is relatively weak. At present, adipic acid is still at the off-season level. On the cost side, pure benzene has been maintaining a narrow range fluctuation trend since September, with a slight increase of only 0.29% in the whole month. After the upward market in August, the current high level of pure benzene tends to be stable and slightly downward, and the support for the downstream adipic acid is insufficient.

In terms of local markets:

The market situation of adipic acid in East China is basically stable. The market is up and down slightly, and the ups and downs are mainly mutual. The quotation of dealers is up and down, and the overall range is about 100 yuan. The market inquiry is general. The downstream demand is low. Most dealers follow the market and make profits to ship goods. The manufacturers’ inventory pressure is general and the transaction is cold. The mainstream prices in today’s market are: Shandong source 6400-6600 yuan / T acceptance price, Jiangsu source acceptance price is 6500-6800 yuan / T, and the downstream is mainly rigid demand procurement.

The market of adipic acid in South China is stable with little change in quotation. Dealers still make profits. Manufacturers’ inventory pressure remains and the transaction is fair. The mainstream prices in today’s market are: 6500-6800 yuan / ton acceptance price of Shandong provenance, 6600-6900 yuan / ton of Jiangsu source acceptance price. The downstream is mainly rigid demand procurement.

Before the festival, adipic acid fundamentals have not changed greatly, and the contradiction between supply and demand still exists. At present, the price rise and fall are mostly affected by local supply. Overall, the market is still weak and stable, trapped by supply pressure and weak demand, which may still maintain a weak market. Price rise and fall powerless, do not rule out the possibility that prices continue to fall.

1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide products)

2、 Market analysis

This week, the market of lithium hydroxide is running smoothly. As of September 27, the average price of domestic industrial grade lithium hydroxide enterprises was 54666.67 yuan / ton, which was flat compared with the beginning of the week, and fell by 4.09% year-on-year in a half year cycle, according to the data of the business club’s bulk list. The increase of downstream demand in the third quarter has given the market some support. However, at present, the stock of lithium hydroxide in the market is still at a high level, and the price action is insufficient, and the market is mainly stable. On September 26, the commodity index of lithium hydroxide was 130.16, unchanged with yesterday, 65.88% lower than the highest point of 381.48 (2016-09-12) and 30.16% higher than the lowest point of 100.00 on September 04, 2014. (Note: period refers to 2014-09-01 to now)

Upstream lithium carbonate, on September 25, the overall price of lithium carbonate picked up slightly, and the quoted prices of some enterprises slightly increased. According to the data of the business agency, the average price of industrial grade lithium carbonate in East China on September 25 was 39500 yuan / ton, which was 1.54% higher than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China on September 20 was 38900 yuan / ton), On September 20, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was 0.68% higher than that at the beginning of the week (the average price of battery grade lithium carbonate in East China on September 20 was 43900 yuan / ton). On the 25th, the mainstream quotation of industrial grade lithium carbonate market was around 35000-40000 yuan / ton, and that of battery grade lithium carbonate was around 40000-45000 yuan / ton.

According to the price monitoring of business agency, in the 38 weeks (9.21-9.25) of 2020, there were 37 kinds of commodities in the chemical industry sector, among which there were 4 kinds of commodities with an increase of more than 5%, accounting for 4.3% of the total commodities monitored in this plate; the top three commodities were chloroform (10.00%), butanone (7.87%) and dichloromethane (7.53%). There were 16 kinds of commodities with a decline of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products were acetone (- 8.25%), ethylene glycol (- 3.33%) and isopropanol (- 2.46%). This week, the average rise and fall was 0.57%.

3、 Future forecast

Lithium hydroxide analysts from the business club believe that the upstream lithium carbonate has recovered slightly in the near future, the cost support is fair, and the downstream demand has increased in the third quarter, but the market inventory is still at a high level, restricting the price upward. It is expected that the industrial grade lithium hydroxide Market will be stable in the short term, and more attention should be paid to the upstream and downstream information guidance.

1、 Price trend

2、 Market analysis

According to the data of the business agency, the market of potassium sulfate in Hebei Province is stable this week, and the price of Mannheim potassium sulfate is about 2550 yuan / ton, and that of 50% granules and 52% water soluble powder is about 2650 yuan / ton, which is the same as last week’s price. The market of potassium sulfate is running smoothly, and the price maintains the trend in the early stage. It is mainly to replenish small orders and the market is stable. At present, the inventory is basically sold out, and the source of goods is mostly concentrated in the hands of traders. Due to the current domestic downstream demand continues to be depressed, and with the gradual reduction of subsequent export orders, most manufacturers’ sales pressure has gradually increased, and the on-site inventory has gradually accumulated, and the overall market is in the state of price reduction. At present, the operating rate of Shandong and Hebei is still at a high level. The operating rate of Manheim factory in Shandong Province is 70% and that of Hebei factory is 75%.

3、 Future forecast

Potassium sulfate analysts of the business club believe that: Recently, the price of potassium chloride market has increased slightly, and the overall stable operation has been maintained. This has brought confidence to the market of potassium sulfate. At present, the fluctuation of potassium sulfate Market is not big. In the future, the trend of potassium chloride is still to be seen.

According to the data monitored by the business agency, as of September 24, the comprehensive price of PC market was 14933.33 yuan / ton, and the price of domestic PC market was up, and the negotiation atmosphere was positive. Compared with the same period last week, the price of PC increased by 2.75% and 6.92% compared with the same period of last month, showing a broad upward trend.

The domestic PC market is running at a high level, with a strong bullish atmosphere in the market. The prices of merchants are firm and the prices go up sharply. The prices in South China are 15000-16450 yuan / ton, and the medium and high prices are between 16000 and 18000 yuan / ton. The overall atmosphere of PC is good, and the rising trend is maintained in the short term. The latest prices of enterprises are: Luxi Chemical 14800 yuan / T, Lihua yiweiyuan 14200 yuan / T, Shanghai Kesi 15800 yuan / T, with smooth shipment and normal supply.

The market price of bisphenol in the upstream is running as a whole with a stable center of gravity. The mainstream price is 12500-12700 yuan / T, and the transaction atmosphere is dull.

On September 23, the rubber and plastic index was 645 points, unchanged with yesterday, 39.15% lower than 1060 (2012-03-14), and 22.16% higher than the lowest point of 528 on April 6, 2020. (Note: period refers to 2011-12-01 to now)

Business agency PC analysts believe: in the short term, the PC market is expected to digest the early growth, focusing on stable operation. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

Commodity name: DMF latest price (September 23): 7366.67 yuan / ton

Analysis points: the domestic DMF market price is firm, the market is upward, some regions are tight supply, low price is reluctant to sell, the negotiation atmosphere is positive, the transaction volume is fair, the current mainstream price range is 7400-8000 yuan / ton.

It is expected that the domestic DMF market will maintain a high level before the festival.

On September 22, the price of silicon metal (441) rose slightly. According to the data of business agency, on September 22, the average market price of domestic silicon metal (441) was 11483.33 yuan / ton, an increase of 2.45% compared with the average market price of 11208.33 yuan / ton at the beginning of the month (9.1); 10491.67 yuan / ton, an increase of 9045% compared with the average market price of (1.1) at the beginning of the year, a decrease of 2.96%.

On the 22nd, the prices of 441 silicon in different regions are as follows:

The price range of silicon metal in Fujian is 10800-10900 yuan / ton, that in Sichuan is 11200-11400 yuan / ton, that in Kunming is 11300-11400 yuan / ton, that in Shanghai is 12000-12200 yuan / ton, that in Tianjin port is 11600-11700 yuan / ton, and that in Huangpu port is 11600-11700 yuan / ton 。

Export orders picked up in September, with a small increase in volume. At present, the mainstream silicon factories are optimistic and willing to support prices. On the one hand, the silicon price moved up slightly, the market was expected to be better, and the seller’s reluctance to sell increased; on the other hand, the export price of silicon metal was affected by the exchange rate, and the RMB valuation rose.

1、 Price trend

According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price continued to rise this week and then stabilized, with the weekly low price of 7280 yuan / ton at the beginning of the week; 7475 yuan / ton at the weekend with a weekly amplitude of 2.67%; and the weekly price of 7477 yuan / ton on Thursday, with a weekly amplitude of 2.70%.

2、 Analysis and comment

According to the price chart of the business agency, since September 1, the price of propylene has been on the rise continuously, and the upward range is more and more large. Up to the 4th, the price rose by about 300 yuan / ton. From the 7th to the 10th, the first round of downward adjustment occurred, with a total reduction of 100-150 yuan / ton. After that, it was slightly stable. The price went up again on the 13th, up 350 yuan / ton on the 17th, and the price began to stabilize on the 18th The mainstream price is about 7450 yuan / ton. Low inventory, smooth propylene delivery.

On September 17, crude oil prices continued to rise, benefiting the propylene market.

PP futures market changes little this week, spot prices slightly down, the weekly decline of 0.41%, has little impact on propylene.

Acrylic acid market continued to rise this week, up as high as 8.23%, propylene has a more obvious positive impact.

Propylene oxide market continued to rise steadily this week, with a weekly increase of 4.18%, which had a positive impact on propylene.

Epichlorohydrin continued the upward trend in the first half of this week, and remained stable after the decline in the second half of the week, with a weekly increase of 0.88% and a weekly amplitude of 2.34%, which had a limited impact on propylene.

This week, the domestic n-butanol price continued to rise, rising rapidly at the weekend, with the weekly increase of 5.04%, which has a positive impact on propylene.

Octanol market also continued to rise this week, the weekly rise of 3.49%, slightly positive impact on propylene.

The isopropanol market fell slightly this week, with a weekly decline of 1.16%, which had a small negative impact on propylene.

Huadong phenol rose slightly this week and then stabilized, with a weekly increase of 0.47%, which had little impact on propylene.

The whole line of East China acetone remained stable this week, with no 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 have less inventory, no pressure on shipment, the crude oil price is obviously rising, the overall industrial chain is better, the profit of downstream products is generally optimistic, the purchasing enthusiasm is very good, the market atmosphere is still lively, but the price is in the top position, so it is expected that the propylene price will start to stabilize in the later stage, which does not rule out a small return Adjust the possibility.

According to the price monitoring data of the business agency, as of September 18, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11300 yuan / ton, which was 200 yuan / ton lower than that on September 13, a decrease of 1.74%; compared with September 1, the average price was reduced by 433 yuan / ton, or 3.69%.

This week, China’s domestic market for n-propanol went down, mainly due to the stagnation of domestic logistics during the double festival period. In order to stimulate the downstream pre holiday preparation, Nanjing n-propanol manufacturer lowered the ex factory price of n-propanol, and Nanjing Rongxin Chemical Co., Ltd. reduced the ex factory price of n-propanol to 10000 yuan / T, 500 yuan / T compared with last week. This has driven down the price of high-end packaged n-propanol suppliers. At present, the price difference between suppliers in the secondary market has narrowed, and the high-end price has moved down. The ex factory prices of n-propanol in different regions of the country have become more concentrated and closer. As of September 18, the delivery reference of n-propanol mainstream containing packaging is 11000-11300 yuan / ton, the rare high-end quotation is 11600 yuan / ton, and the delivery reference of main n-propanol bulk water is 10000-10600 yuan / ton. At present, the overall market of n-propanol is more stable.

In terms of raw materials, ethylene is on the rise in the near future. Asian ethylene market prices rose, as of the 17th, CFR Northeast Asia closed at $805-815 / T, CFR Southeast Asia closed at $755-765 / T. The European ethylene market price fluctuated and consolidated. As of the 17th, the European ethylene market price was FD, northwest Europe closed at 687-698 US dollars / ton, CIF northwest Europe closed at 673-685 US dollars / ton. Ethylene prices in the U.S. rose to $523-535 per ton as of the 17th. Generally speaking, the ethylene market in Europe and the United States is on an upward trend. The demand for ethylene in the whole market is good, and the market continues to rise.

Internationally, on September 16, the U.S. WTI crude oil futures market prices skyrocketed, with the settlement price of main contracts at $40.16/barrel, up $1.88 or 4.90%. Brent crude oil futures market prices rose sharply, the main contract settlement price to 42.22 US dollars / barrel, up 1.69 US dollars or 4.16%. The sharp rise in oil prices was mainly due to a sharp drop in US crude oil and gasoline stocks, and a combination of hurricanes forced a large amount of oil production in the United States. Crude oil soared, giving ethylene cost support, ethylene external market continued to rise.

The demand is normal and the raw material is stable after high level

At present, the downstream demand of n-propanol is stable, and the transmission surface of supply and demand is basically normal. In addition, the high support of raw materials and the small amount of stock before the festival, it is expected that the market of n-propanol in the short term is less likely to go down, and the overall trend is strong and stable.

In the first ten days of September, the propane Market showed a continuous downward trend, but it finally ushered in a price rise on the 14th. Although the price rise “comes and goes in a hurry”, the market atmosphere has improved. According to the data monitoring of the business agency, the average price of propane market was 3350.00 yuan / ton on September 13 and 3350.00 yuan / ton on September 16, with an earthquake amplitude of 0.73% and a decrease of 3.11% compared with August 1.

In the twinkling of an eye, half of September has passed. Looking back at the first ten days of September, although it entered the “golden nine”, the market was not as good as that in August in the traditional off-season. According to the data monitoring of the business agency, on September 9, the propane Market had fallen back to the price before August 1. Propane, which accounts for about 60% of the fuel, opened a downward channel in September, and the gas-liquid gas civil market was also in a weak downward trend during the same period. Although the market decline was not large, the range was only within 100 yuan, compared with previous years, the industry was more disappointed with this market.

The main reason for the decline in propane market is the drag of international crude oil. Due to the impact of the low demand caused by the epidemic situation, the international crude oil fell sharply, the international spot price was under pressure, which seriously depressed the domestic market mentality. The civil gas market followed the trend and propane fell significantly. In addition, the market is still in a weak state due to the slow promotion of terminal demand. The downstream mentality is cautious, and most of them need to make up for it, so the enthusiasm for entering the market is not high. Manufacturers to ship blocked, inventory gradually accumulated, profit margin based shipment. In the first ten days of September, negative factors dominated, so the price did not rise but fell.

According to the data of the business agency, the market rose on September 14. Although the rise was short and fell back to the price before the price rise in one day, the market mentality improved significantly. On September 9, boosted by the rise in the US stock market after three consecutive trading days of heavy losses, the international crude oil rebounded and boosted the market mentality. Manufacturers took the opportunity to slightly increase the ex factory price to release the rising signal. On the 10th, international crude oil fell again, and propane upstream was forced to follow the fall due to inventory pressure. On September 15 and 16, the international crude oil rebounded strongly, which was good for the market again, and the cost of intake gas rose, which boosted the market. On the 15th, propane stopped falling and stabilized, the market transaction atmosphere improved, the downstream periodic replenishment, the upstream inventory was controllable, and the prices in some regions increased.

As of September 16, the mainstream prices of propane in different regions in China are as follows:

Regional specification September 16

Propane in East China,% (V / V) not less than: 952850-3300 yuan / ton

Propane in North China,% (V / V) not less than: 953300-3460 yuan / ton

Propane in Shandong area,% (V / V) not less than: 953100-3300 yuan / ton

Propane in South China,% (V / V) not less than: 95 2870-2980 yuan / ton

Propane in Central China,% (V / V) not less than: 953050-3460 yuan / ton

Propane in Northeast China,% (V / V) not less than: 953300-3800 yuan / ton

At present, there are some differences between the north and the south of the domestic propane Market. Due to the obvious drop of weather and temperature in the northern region, the trading atmosphere is fair, and the prices in Northeast China have been raised. South China mainly fell in a narrow range.

In terms of the international market, Saudi Aramco announced CP in September 2020, with propane at $365 / T, stable compared with the previous month; butane at $355 / T, up $10 / T from last month.

International crude oil: on September 16, the U.S. WTI crude oil futures market prices soared, with the settlement price of the main contracts at $40.16/barrel, up $1.88 or 4.90%. Brent crude oil futures market prices rose sharply, the main contract settlement price to 42.22 US dollars / barrel, up 1.69 US dollars or 4.16%. The sharp rise in oil prices was mainly due to the sharp decline in US crude oil and gasoline stocks, and the superposition of Hurricane “Sally” forced a large number of us oil production to be blocked.

The strong rebound of international crude oil for two consecutive days has brought obvious support to the market. The downstream mentality is good, and the enthusiasm to enter the market has been improved. Although the current inventory of manufacturers has accumulated, it is still in a controllable state. In addition, the sharp rise in the cost of gas intake has also brought a significant boost to the market. In the long run, with the decrease of weather temperature, terminal demand is still expected to increase. It is expected that the market will adjust narrowly in the short term, and the long-term may still rise.