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.

The average price of formaldehyde in Shandong Province on September 7 was 880.00 yuan / ton, while that on September 16 was 1016.67 yuan / ton, an increase of 15.53%. The current price is up 18.22% month on month, and the current price is down 21.39% compared with last year.

Recently, the domestic market price of formaldehyde has risen slightly. As of September 16, the mainstream factory quotation in Central China is about 960 yuan / ton, that of North China is 810 yuan / ton, and that of East China is 1001 yuan / ton. Linyi Yinhe formaldehyde production capacity is 120000 tons / year, and the formaldehyde plant is normal, with a daily output of 200 tons. Recently, the formaldehyde plant in Shandong Province has been in normal operation. The trading atmosphere was fair, and the formaldehyde market went up all the way.

Situation of upstream methanol: the quotation of methanol market in southern Shandong Province increased by 10 yuan / ton to 1830 yuan / ton, and Linyi received local goods of 1790-1800 yuan / ton and delivered to the place without tax, and the offer of logistics goods was not available for the time being. Downstream on demand procurement, enterprise mentality temporarily stable. The transaction price of Shandong methanol in Lubei market has been stable for the time being, and then 1670-1680 yuan / ton will be sent to cash exchange. The transaction mood is general, and the purchase is mainly on demand. The methanol market in the middle of Shandong Province is stable at 1800 yuan / ton, and the price of peripheral goods may be stable at 1670-1690 yuan / ton, and the transaction is general.

The start-up of the downstream wood board plant has not yet recovered, and the demand is slightly general. Procurement is mainly based on rigid demand, and the trading atmosphere is flat. Formaldehyde enterprise shipment volume is general, the actual single negotiation slightly fluctuates.

In recent days, the atmosphere of upstream raw material methanol is relatively strong, the cost support is strong, and the terminal start-up is weak. Generally speaking, the formaldehyde market transaction is general. Therefore, the formaldehyde analysts of the chemical branch of the business society predict that the domestic formaldehyde price will mainly rise slightly in the near future.

According to the data monitored by the business agency, as of September 15, the average price of domestic rubber grade grade grade silica was 4633.33 yuan / ton. The silica market just needs to be purchased, and the price changes little, and the overall operation is stable.

The domestic rubber grade silica market as a whole maintains stable operation, with stable negotiation focus, slow inventory consumption, general trading atmosphere, and no obvious improvement in demand. The downstream just needs to purchase, and merchants are cautious in taking goods. At present, the price of fumed silica is about 22000 yuan / ton. Domestic supply and demand of fumed silica are balanced, and the shipment is slow. Changtai micro nano factory in Shouguang City, Shandong Province is 5100 yuan /Shandong Lihua New Material Co., Ltd. 4600 yuan / ton, Boai Xiangsheng silicon powder Co., Ltd. 4000 yuan / ton.

The upstream hydrochloric acid market has a stable trend, with stable operation as a whole. The downstream demand is stable, the shipment is normal and the inventory is general.

On September 14, the chemical index was 717 points, up 4 points compared with yesterday, 29.43% lower than 1016 points (2012-03-13), and 19.90% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business agency silica analysts believe that: in the short term, the silica market continues to operate stably, and the price changes little. (the above prices are provided by major silica manufacturers all over the country and sorted out and analyzed by business silica analysts for reference only. Please contact relevant manufacturers for more price details.)

The international crude oil price fell, while the domestic asphalt market price moved down. At the same time, the traditional demand peak season of “golden nine silver ten” asphalt market has insufficient support for asphalt price. According to the price monitoring data of the business agency, the asphalt price was reported at 2395 yuan / ton on September 11, down 4.39% from the beginning of the month.

Due to concerns that the impact of the global epidemic will intensify, demand may be restrained, as well as the resonance impact of the sharp fall of technology stocks and energy stocks in the United States. At the beginning of the week, the international crude oil price fell sharply, but remained stable in the later period. WTI crude oil price fell by 6.21% and Brent crude oil price fell by 6.01%.

Recently, the northeast, North China and other regions have more rainfall, the asphalt market demand is general, the market transaction is light, and the asphalt price is falling. The rainfall in East China and Northern South China is obviously reduced, and the terminal road construction projects are gradually recovering, and the asphalt demand is recovering. Affected by the flood peak transit in Southwest China, the terminal demand is poor. At present, most of China’s areas have clear autumn and less rainfall, so road construction projects are suitable for construction. At present, the domestic asphalt market has entered the “golden nine silver ten” traditional demand peak season, and the terminal rigid demand has increased compared with August, but the asphalt price support is still insufficient. In addition, this week’s international crude oil prices fell sharply, pulling down the domestic asphalt price center of gravity. At the same time, the wait-and-see sentiment in the asphalt market has increased, and the downstream stock up is cautious and the demand for goods is reduced. The domestic asphalt price dropped slightly.

This week, the domestic asphalt plant operating rate was 64%, a slight decrease of 3% compared with last week. The operating rate of asphalt plant continued to maintain a high level, and the refinery asphalt supply was sufficient.

Analysts of business agency believe that the demand of international crude oil market is not good, and crude oil price continues to be under pressure, but entering the “golden nine silver ten” asphalt traditional demand peak season, the asphalt price is supported, and it is expected that the asphalt price will rise steadily.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the domestic sodium pyrosulfite price remained stable this week, with an average price of 1700.00 yuan / ton at the beginning of the week and 1700.00 yuan / ton at the weekend, with a rise and fall range of 0.

2、 Market analysis

In August, the prices of upstream raw materials rose sharply. In September, manufacturers raised their factory prices one after another, prompting the overall domestic market price of sodium pyrosulfite to rise sharply in early September. This week, the overall market of sodium pyrosulfite is relatively stable. The market price range of industrial sodium pyrosulfite is 1550-1800 yuan / ton, and most prices are concentrated in 1600-1700 yuan / ton. Enterprise production is relatively stable, just need to support, mainly to complete old customer orders. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

In the first ten days of September, the price of domestic soda ash remained stable, the sulfur price increased slightly by 0.42%, the raw material cost continued to be high and firm, and the market price of sodium pyrosulfite would continue to be stronger under the support of cost.

3、 Future forecast

Business agency analysts believe that under the support of costs, it is expected that the domestic sodium pyrosulfite market price will still have a certain recovery space in the short term.

According to the business agency data monitoring: on September 10, the overall price of lithium carbonate was slightly lower, while the price quoted by enterprises was up and down. On September 10, the average price of industrial grade lithium carbonate in East China was 38900 yuan / ton, which was 2.75% lower than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 40000 yuan / ton on September 7); the average price of battery grade lithium carbonate in East China on September 10 was 43900 yuan / ton, which was 2.23% lower than that at the beginning of the week (the average price of battery grade lithium carbonate in East China was 44900 yuan / ton on September 7). On the 10th, 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.

In recent two days, the quoted prices of a small number of lithium carbonate enterprises have slightly decreased, mainly due to the high price in the early stage, so the price is reduced to attract customer resources, while most other lithium carbonate manufacturers maintain relatively stable prices. At present, lithium carbonate enterprises are starting smoothly, and the overall sentiment in the downstream market is not high. Although there are many inquiries from manufacturers, the transaction price has not fluctuated significantly. In addition, the pressure of terminal cost reduction will continue to be transmitted upstream, and the price rise is still under pressure.

At present, the price of lithium hydroxide in the downstream is still at a low level. Due to the cost pressure of some small and medium-sized manufacturers, the customer resources of large factories are relatively fixed, and the demand has not fluctuated significantly, and the price remains stable. However, the prices of LiFePO4 and ternary materials have not changed, and the downstream battery enterprises have strong bargaining power and seriously depress the price, which makes the price basically unchanged.

According to the price monitoring of business agency, on September 9, 2020, there were 19 kinds of commodities in the chemical industry sector, among which one commodity increased by more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities were TDI (7.17%), baking soda (4.17%) and acetone (3.45%). There were 7 kinds of commodities that declined on a month on month basis, with lithium carbonate (- 2.00%), potassium sulfate (- 0.93%) and propylene glycol (- 0.82%).

Lithium carbonate analysts of the business club believe that the current large lithium salt plants are close to full production, and the supply may fall short of demand in terms of capacity. However, the downstream material costs are under pressure. When to increase the price still depends on the market situation. It is expected that the price of lithium carbonate may still be in a state of shock adjustment in the short term.

According to the monitoring of the bulk data of the business agency, the market of ethyl acetate in East China has been fluctuating and rising recently. At the beginning of the month, the average price of ethyl acetate in East China was about 5602 yuan / ton. As of September 8, the average price of ethyl acetate in East China was about 5620 yuan / ton, an increase of 0.31%, and an increase of 0.13% compared with the same period of last month.

At present, the domestic ethyl acetate enterprises started smoothly, and the spot supply was sufficient. Some enterprises implemented export orders, which eased the situation of oversupply in the domestic market to a certain extent. In addition, the price of raw material acetic acid has risen slightly recently, and the cost side support is good. At present, East China is about 5600 yuan / ton, North China is about 5500 yuan / ton, and South China is about 5900 yuan / ton.

In terms of raw materials, the acetic acid market was affected by factors such as supply decline and pre holiday preparation. The price of acetic acid continued to rise. There was a strong atmosphere of speculation in the industry, and the operation was strong in the short term. The price of raw material corn is still high, but the transaction rate is low. The parking of some enterprises in Central China leads to the obvious decrease of inventory, which is in the stage of shock consolidation in the short term.

The international market price of ethyl acetate is stable and firm. At present, the port price in European market is about 750-780 euro / ton; in North America, the port price is about 630-680 US dollars / ton.

According to the analysts of ethyl acetate of business club, the demand of domestic downstream market of ethyl acetate is still flat, and under the condition of sufficient spot supply, the enterprise’s inventory pressure is still large, and the back market support of demand side is insufficient. It is expected that the ethyl acetate Market will be in a wait-and-see situation in the short term, and it is necessary to pay attention to the market of raw materials.