According to the data monitoring of the business community, as of November 24, 2022, the domestic butanone market price reference was 8916 yuan/ton, compared with the price on November 17 (the butanone reference price was 8966 yuan/ton), the average price decreased by 50 yuan/ton, or 0.56%.

It can be seen from the data monitoring chart of the business community that in the near future (11.17-11.24), the overall domestic butanone market fell slightly. Recently, the downstream demand of the domestic butanone market continues to be insufficient, the downstream butanone butanone oxime industry starts to maintain a low level, and the trading atmosphere in the butanone market is light. Under the supply and demand game, the butanone market mostly maintains a stalemate. Until the 22nd, the market of butanone in some regions fell slightly, and the price of butanone fell by about 100 yuan/ton. As of November 24, the domestic market price of butanone is around 8700-9250 yuan/ton.

Future market analysis of butanone

At present, the cost side of raw materials gives some support to butanone. The butanone factory has limited space for substantial price reduction. The weak demand side is difficult to support the strong rise of the butanone market. The butanone data engineer of the business community believes that in the short term, the domestic butanone market will mainly adjust its operation in a narrow range under the game between the supply and demand sides, and more attention should be paid to the changes in the information on the supply and demand side.

From November 11, 2022 to November 18, 2022, the production price of coal tar in Shanxi Province rose. According to the monitoring of the business community, the average market price was 6452.5 yuan/ton last weekend and 6470 yuan/ton this weekend, up 0.27%.

On November 17, the coal tar (high temperature) commodity index was 222.50, unchanged from yesterday, 3.88% lower than the cycle’s highest point of 231.47 (2022-11-09), and 371.90% higher than the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

Summary of coal tar price in Shanxi (unit: yuan/ton)

Regional./market price./compared with last week’s bidding price

Linfen./6500/-

Taiyuan./6420./+20

Lvliang./6400/-

Most of the bidding prices in Shanxi Province were temporarily stable this week, and some of them rose slightly. The downstream deep processing industry has a strong resistance to high priced raw materials, which is difficult to support the high price of tar. However, the recent commencement of coke enterprises is slightly low, the tar supply is slightly tight, and the coke enterprises have a strong psychology of supporting the price.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the monthly coal tar K column chart above that since January 2022, the coal tar market has risen for six months, only slightly declined in May, and the price remained stable in February. The weekly K-bar chart shows that the coal tar market has risen for 12 consecutive weeks. Only after a small price correction in one week, the price continued to rise. After the price fell sharply in November, it recovered slightly this week.

In terms of the industrial chain, the downstream deep processing industry rose and fell by half this week. With the decline of the tar price in the early stage, the profit of deep processing this week recovered slightly. The operating rate of the industry was basically flat compared with the early stage, and the overall trend was slightly stable.

This week, the coal tar market was dominated by narrow fluctuations, with the market up and down mixed and limited. As of press release, the mainstream price in Shanxi was 6400-6500 yuan/ton, a slight increase of 20 yuan/ton compared with last week. The mainstream price in Shandong is 6400-6450 yuan/ton, which is flat compared with last week. The mainstream price in Hebei is 6400 yuan/ton, which is flat. The tar price rose significantly in the early stage, and the profit of the downstream deep processing industry contracted. Although the profit recovered to a certain extent after the price fell in some regions last week, the overall profit is still low. The deep processing industry is still resistant to the high price tar, while some varieties of the deep processing industry have declined since last week, and the support for tar demand has declined slightly. In terms of supply, the recent commencement of coke enterprises is still at a low level, the production restriction of coke enterprises is basically the same as that in the early stage, the tar is still in a tight supply situation, and the enterprises have a strong attitude of price fixing. In the downstream, the overall cash flow of the deep processing industry is not good this week, and the resistance to high priced raw materials is growing. However, as the heating season enters, the operating rate of coking enterprises is still expected to decline to some extent, and the tar will soon enter a period of seasonal tight supply. Therefore, the tar price will remain at a high consolidation trend in the future market, with the price mainly fluctuating in a narrow range.

From November 11, 2022 to November 18, 2022, the ex factory price of hydrogenated benzene in North China was temporarily stable, at 7150 yuan/ton last weekend, and 7150 yuan/ton this weekend, unchanged.

Main domestic market price of hydrogenated benzene this week (unit: yuan/ton)

Market./Price on November 11./Price on November 11./Rise and fall

East China./7000 ～ 7100./7000 ～ 7050./- 25

Shandong region./6800 ～ 6900./6800 ～ 6850./- 25

Crude oil: international crude oil futures fell sharply on November 17. The settlement price of the main contract of WTI crude oil futures in the United States was 81.64 dollars/barrel, down 3.95 dollars or 4.6%. WTI fell to the lowest point since October 3. The settlement price of the main contract of Brent crude oil futures was 89.87 dollars/barrel, down 3.08 dollars or 3.3%.

Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)

Date,. Adjusted Price./Adjusted Amount

November 2./7200./- 250

November 4./7000./- 200

The ex factory price of Sinopec’s pure benzene will be reduced by 200 yuan/ton on November 4, 2022, and the current price is 7000 yuan/ton.

Other enterprise quotations: Chambroad Petrochemical quoted 7000 yuan/ton, HSBC Petrochemical quoted 7050 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, and Xinhai Petrochemical quoted 6950 yuan/ton.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July. It has slightly warmed up in late August and early September, and fell in October and November.

The pure benzene market fluctuated in a narrow range this week. At the beginning of the week, crude oil and styrene both rose, boosting the pure benzene market mentality. The pure benzene market was boosted and prices rose slightly. Near the weekend, the trend of crude oil and styrene was weak. The decline of crude oil price dragged down the mentality of the pure benzene market. At the weekend, the price of the pure benzene market decreased slightly. This week, the price of Sinopec’s pure benzene was stable. Affected by pure benzene, the hydrogenation benzene market fluctuated in a narrow range this week, basically following the trend of pure benzene. Within the week, the fluctuation was less than 50 yuan/ton, and the overall trend of the industrial chain was volatile. In the future, the overall trend of crude oil in the near future is volatile, the supply of pure benzene is sufficient, and the downstream demand is not good. It is expected that pure benzene will operate stably in the short term and weakly.

According to the monitoring of the bulk data of the business community, the mainstream price of styrene in Shandong has risen in the recent shock. The price of styrene in Shandong was 8108.33 yuan/ton on the 14th and 8163.33 yuan/ton on the 21st, up 0.68%. The price fell 4.80% year on year.

styrene

Recently, the price of styrene market fluctuated and rose. It can be seen from the above figure that the recent price of styrene has been dominated by shock consolidation, and the price has risen slightly this week. The main reason is that the recently concluded 22000 ton order to export to a country in the Middle East has brought a certain boost to the market, and some styrene plants have plans to reduce production in late November, domestic supply has decreased slightly, combined with strong downstream demand, which has played a certain supporting role in styrene prices, and styrene spot prices have fluctuated upward.

In terms of raw materials, the recent rise in pure benzene has been followed by a fall. At the beginning of last week, due to the expected increase in downstream styrene exports, the market has become stronger, driving the increase in pure benzene negotiations, and the price has followed the rise. However, due to the overall poor profitability of downstream products, the market trend continues to be weak, and the demand for pure benzene is weak. The crude oil fell continuously in the second half of the week. The market atmosphere was depressed by bad news, and the price fell back. Recently, the inventory of pure benzene at ports in East China has dropped to 87300 tons, with a small consumption. The trend of crude oil is volatile, the supply side of pure benzene is sufficient, and the overall downstream demand is poor. It is expected that pure benzene will continue its weak operation in the short term, with limited rebound space.

In terms of downstream, the three major downstream styrene markets rose and fell at different levels this week. At present, the trend of PS (polystyrene) market is weak, the cost support is strong, the crude oil plummets, and the wait-and-see atmosphere in the theater slows down the transaction atmosphere. The pressure on merchants to ship is not reduced. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is 9400-10950 yuan/ton, and the mainstream price of HIPS (polystyrene) is 10200-11400 yuan/ton.

EPS prices fell this week. Overall transaction weakened month on month. On the 14th, the average price of EPS ordinary materials was 10950 yuan/ton, and on the 21st, the average price of EPS ordinary materials was 10580 yuan/ton, a decline of 3.77%. The buying enthusiasm was not high, the EPS market price was weak, and the terminal demand was sluggish. The manufacturer reduced the price in order to maintain the shipment.

Recently, the domestic ABS market fluctuated and rose. In the middle of November, the load of ABS industry was adjusted in a narrow range. At present, the commencement of the plant is maintained at more than 92%, unchanged from last week, and the supply of goods on the site continues to be abundant. The inventory position decreased by 13,000 tons compared with last week. At the same time, the enterprise’s cost side pressure increased, and the ex factory price increased, with an average increase of less than 100 yuan/ton. ABS upstream three materials rose in February and stabilized in the middle of November, and the overall performance was fair. Among them, the load of the acrylonitrile industry was low, and the supply side tightened to support the continuous rise of the market. The support for ABS cost side is strong, and the market is surging.

In the near future, the pure benzene market is weak, forming a certain pressure on the styrene market, but the downstream demand is expected to further strengthen. With the expectation of domestic styrene production reduction, the styrene market is expected to rise slightly.

1、 Price trend

According to the data monitoring of the business community, as of November 18, the average price of domestic LNG was 4426 yuan/ton, which was 6.07% lower than the average price of 4712 yuan/ton on November 14.

2、 Market analysis

The domestic LNG market continued to be weak this week. LNG prices continued to fall from Monday to Thursday. In some areas, due to snow weather and epidemic control, transportation was blocked, and enterprises cut prices one after another to digest inventory. A sharp drop in the intake air has a negative impact on the domestic gas market. On Tuesday, the bidding price of feed gas was lowered, reducing the pressure on the cost of the liquid plant. The market is still oversupply, the demand side is weak, and the high liquid price continues to cover the drop. After continuous price cuts, the LNG market in some regions stopped falling and rebounded on Friday, but the demand side still performed poorly.

Offer of LNG in domestic mainstream market on November 18:

Region, quotation

Inner Mongolia, 4370-4500

Shaanxi Province, 4450-4750

Shanxi, 4650-4750

Ningxia, 4400-4520

Hebei Province, 5000-5150

Henan, 4800-5300

Sichuan, 4550-4850

Shandong, 5100-5700

3、 Future market forecast

LNG analysts from the business community believe that: recently, due to the weakening of cost support, on-site supply exceeds demand, terminal demand release is limited, and the LNG market continues to decline. The new raw gas auction is about to start, and the industry is mainly cautious. It is expected that the LNG market will consolidate and operate in the short term. It is recommended to pay attention to the changes in cost side and downstream demand.

According to the price monitoring of the business community, this week (11.7-11.11), the raw silk index of the China Cocoon Silk Trading Market fell, and the prices of various far and near contracts on the disk fell, with average trading volume; The price of low-grade raw silk in the cocoon silk spot market fluctuates according to the monthly spot price, while the price of high-grade raw silk decreases slightly as a whole. As of November 11, the average price of dried cocoons in the spot market was 146000 yuan/ton, unchanged from last week, down 1.35% year on year; The average price of raw silk on the 20/22 spot market was 43500.00 yuan/ton, down 0.06% from last week and 1.33% year on year.

This week, on the spot of cocoon silk, raw silk continued to be traded just as needed, and the price did not change much. The price of middle and low grade raw silk fluctuated according to the monthly spot price, and the price of high-grade raw silk decreased slightly as a whole. The transaction was still difficult, and the overall transaction atmosphere was weak. On the whole, the overall pressure is still high due to the sluggish downstream demand, some capital pressure in the fourth quarter and the short time between New Year’s Day and Spring Festival. At the same time, supported by the cocoon, the factory still has strong willingness and motivation to support the price.

In terms of cocoon acquisition, the sixth batch (the fifth successive batch) of autumn cocoons in Yizhou, Guangxi continued to be listed in a small amount. In the middle of November, this batch is less. The purchase price is usually around 56 yuan per kilogram. A small number of autumn cocoons have been listed in some regions of Guangdong and Guangxi, and some have ended listing. A small number of late autumn cocoons are also on the market in some regions this month.

On the downstream side, the Double 11 orders have entered the closing stage one after another, and the demand has weakened seasonally. Recently, the orders in the entire textile market are relatively bleak, the price of raw materials is unstable, and customers are more cautious in placing orders. At present, the weaving mills are mostly signing for early orders and fixed customers, and the new orders in the future market are slightly weak. Recently, the epidemic situation in Guangzhou is relatively serious, and the medium and large markets may not be unsealed in the short term. Some of the distributors issued notices to go home early for the New Year, which has impacted domestic demand ▪ It’s a big hit. Panyu has recently closed the village for three days. At the same time, due to the bearish outlook on the trend of raw materials in the later period, the operating rate of downstream weaving also showed a downward trend, from the high point of 74% in the earlier period to 66%, a decline of 8 percentage points. Some knitting plants in Jiaxing were at a semi standstill, and the operating rate of Zhangcha was seriously insufficient, about 20%. Judging from the current decline in weaving orders, the downstream weaving is a risk aversion, and the start-up will continue to decline after fear.

Analysts from the business community believe that under the background of weak demand side, the inventory of downstream manufacturers remains relatively high, which cannot be alleviated in the short term. The demand for front-end raw silk materials will not be released immediately, and the upward pressure on market prices is large. However, the upstream cocoon cost and labor cost support still have many uncertain factors in the future market, and the downward pressure is also large. It is expected that the probability of short-term price maintenance is relatively high.

The domestic butadiene market continued to decline, the contradiction between supply and demand remained, and the external market continued to be weak. Some enterprises have reduced the load of equipment, which has boosted the market atmosphere, but has little effect.

According to the sample data monitored by the business community, from November 4 to 11, the domestic butadiene market price fell from 7146 yuan/ton to 6603 yuan/ton, with a decline of 7.60%, 16.83% month on month and 8.96% year on year. In terms of price, the delivery price in Shandong Luzhong is 7000-7100 yuan/ton, and the self lifting price in East China is 6500-6600 yuan/ton.

In terms of enterprises, the listing price of butadiene of Sinopec sales companies has been lowered by 500 yuan/ton twice, and 6700 yuan/ton has been implemented. The 30000 t/a butadiene unit of Liaoyang Petrochemical Plant was in stable operation, 230 t of goods were sold abroad through competitive bidding, and the transaction price was 6480 yuan/t. The 160,000 t/a butadiene extraction unit of Fushun Petrochemical was operating stably, and 300 tons of goods were sold abroad at a competitive price of 6100 yuan/ton; The transaction price is 6340 yuan/ton.

In terms of external market: the closing price on November 10, the external price of butadiene in Asia rose: South Korea FOB reported 745-755 dollars/ton, up 30 dollars/ton; China CFR reported 735-745 dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 985-995 US dollars/ton; FD Northwest Europe closed at 1025-1035 euros/ton.

Region, country, closing price, up and down

Asia, FOB Korea, 745-755 US dollars/ton, 30 yuan/ton

Asia, CFR China, 735-745 USD/ton, 0 USD/ton

Europe and America, FOB Rotterdam, 985-995 USD/ton, 0 USD/ton

Europe.,. FD Northwest Europe., 1025-1035 euros/ton., 0 euros/ton

The business society monitored that the price of cis-1,4-polybutadiene rubber in China rose by a narrow margin. The price at the beginning of the week was 11,330 yuan/ton, and the price at the weekend was 11,398 yuan/ton, up 0.61%.

The business community monitored that the price of domestic styrene butadiene rubber rebounded from the bottom, with the price at the beginning of the week at 10641 yuan/ton and at the weekend at 10853 yuan/ton, up 2.00%.

The business community monitored that the price of nitrile rubber in China fell by a narrow margin, with 15425 yuan/ton at the beginning of the week and 15253 yuan/ton at the weekend, down 1.11%.

The short-term contradiction between supply and demand still restricts the butadiene market. Butadiene analysts from the business community predicted that the short-term domestic butadiene market was mainly weak.

From November 4, 2022 to November 11, 2022, the production price of coal tar in Shanxi was lowered. According to the monitoring of the business community, the average market price was 6712.5 yuan/ton last weekend, and the average market price was 6452.5 yuan/ton this weekend, down 3.87%.

On November 11, the coal tar (high temperature) commodity index was 222.50, unchanged from yesterday, 3.88% lower than the cycle’s highest point of 231.47 (2022-11-09), and 371.90% higher than the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

The bidding price in Shanxi fell sharply this week, the downstream deep processing industry has strong resistance to high priced raw materials, and the price of deep processing related goods fell this week.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the monthly coal tar K column chart above that since January 2022, the coal tar market has risen for six months, only slightly declined in May, and the price remained stable in February. The weekly K-bar chart shows that the coal tar market rose for 12 consecutive weeks. Only after a small price correction in one week, the price continued to rise, and fell sharply in November.

In terms of the industrial chain, the downstream deep processing industry rose and fell by half this week, the profit of the deep processing industry was further tightened, and the deep processing industry’s resistance to the high price of coal tar was strengthened again. The high price of coal tar pitch, which rose sharply last week, fell back, while other commodities showed tepid performance, and coal tar gradually lacked downstream support.

This week, the mainstream of the coal tar market is mainly downward, especially in Shanxi, where the previous increase was relatively high. The auction price this week dropped sharply. As of November 11, the mainstream price in Shanxi was 6350-6450 yuan/ton, down about 350 yuan/ton. The price in other regions did not change much this week. The mainstream price in Shandong was stable at 6400-6450 yuan/ton, while that in Hebei was 6400 yuan/ton, basically unchanged from last week. On the supply side, coking enterprises still normally limited production this week, with little change in tar output. In the downstream, the overall cash flow of the deep processing industry is not good this week, and the resistance to high priced raw materials is growing. However, as the heating season enters, the operating rate of coking enterprises is still expected to decline to some extent, and the tar will soon enter a period of seasonal tight supply. Therefore, the tar price will remain at a high consolidation trend in the future market, with the price mainly fluctuating in a narrow range.

According to the data monitored by the business community, as of November 14, the average price of PMMA for domestic general transparent premium products this week was 16050.00 yuan/ton, which was stable compared with the same period last week. The overall market price of PMMA was narrow and weak. At present, the quotation range of mainstream manufacturers is 16100 yuan/the overall market supply and demand balance.

This week, the average price of PMMA for domestic general transparent superior products was 16050.00 yuan/ton. The overall market was stable, with a narrow downward range. The quotation range of mainstream manufacturers was about 16100 yuan/ton. The price of PMMA was stable. At present, the overall market is in balance of supply and demand. Downstream just needs to purchase. The supply side is normal.

Rubber and plastic index: On November 13, the rubber and plastic index was 670 points, unchanged from yesterday, 36.79% lower than the highest point in the cycle 1060 points (March 14, 2012), and 26.89% higher than the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

According to the analysts of PMMA from China Business Association, PMMA will mainly maintain stable operation in the short term.

Recent price trend of sulfuric acid

As can be seen from the figure above, the price of domestic sulfuric acid market fell slightly this week, from 408.00 yuan/ton at the end of last week to 366.00 yuan/ton at the end of this week, down 10.29%. A year-on-year decrease of 51.74%. On November 10, the sulphuric acid commodity index was 62.88, unchanged from yesterday, down 66.57% from the cycle’s highest point of 188.07 (2022-04-13), and up 99.49% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

The upstream market rose slightly, while the downstream purchasing enthusiasm was average

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, and the manufacturer’s inventory was average.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose slightly, and the sulfur price rose from 1250.00 yuan/ton at the weekend to 1363.33 yuan/ton at the weekend, up 9.07%. Compared with the same period last year, it fell 35.18% year on year. The upstream market rose slightly and cost support was strengthened. The downstream hydrofluoric acid market rose slightly, with the market price rising 0.26% from 11128.57 yuan/ton at the end of last week to 11157.14 yuan/ton at the end of this week. A year-on-year drop of 20.36%. The market price of titanium dioxide in the downstream market was adjusted at a low level, and the market price was 15933.33 yuan/ton. A year-on-year decrease of 23.95%. Downstream market fluctuates with each other, and downstream purchasing enthusiasm is average.

The market rose slightly after shocks

In the middle and late November, the domestic sulfuric acid market rose mainly due to slight fluctuations. The upstream sulfur market has risen slightly recently, and the cost support has increased. Downstream hydrofluoric acid market rose slightly, while titanium dioxide and ammonium sulfate market declined slightly. Downstream customers were generally enthusiastic about purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand. The sulfuric acid analysts of the business community believe that the short-term domestic sulfuric acid market price will rise mainly due to the impact of supply and demand, raw materials and other aspects.