1、 Price trend

PS market trend performance is light, the quotation is stable. The downstream continues to purchase on demand, and the overall trading performance of the market is poor. Business bearish future market, the actual operation maintenance stability.

2、 Market analysis

PS market trend is stable, Zhanjiang Sino US PS ex factory price, 525 quotation is 8300 yuan / ton. The ex factory price of CITIC Guoan PS is 7950 yuan / T.

In August 2020, China’s export volume of PS (polystyrene) was about 4000 tons, with a year-on-year increase of 0100 tons and a year-on-year increase of 2.56%. From January to August 2020, the total export volume was 21800 tons, with a year-on-year decrease of 4400 tons, with a year-on-year decrease of 16.79%.

3、 Future forecast

PS market operation is generally stable, downstream buyers demand is not high, in the case of low shipment, adhere to short-term prudent operation.

The average price of TDI market in East China on the 30th was 16666.67 yuan / ton, down 6.54% compared with 17833.33 yuan / ton at the beginning of the month, and 28.53% higher than last year, according to the data from the bulk list of business associations. On October 29, the TDI commodity index was 88.18, flat with yesterday, down 64.45% from 248.02 (2016-10-19), and 67.77% higher than the lowest point of 52.56 on May 05, 2020. (Note: period refers to 2011-09-01 to now)

The domestic TDI market is weak, the atmosphere in the market is generally empty, and the mentality of the industry is tangled. At the beginning of the week, the offer is tentatively inclined to the high end, but the downstream buying gas is weak, and the high price transaction is blocked. At present, the maintenance situation of the supplier’s device is still in, the supply is tight, and the export price is on the high side, which supports the market. In terms of polyether, the price is high and the sponge pressure in the downstream is large, which leads to insufficient demand and purchase of TDI. Under multiple news, the mentality of the operators is tangled, and the focus of on-site negotiation goes down.

On the upstream side, the price of toluene continued to decline, the port inventory was high, the pressure of de stocking still existed, the demand for blended oil and solvent in the downstream was general, the price was slightly weak, and the market was weak.

Business agency data analysis: at present, the domestic TDI market is weak and wait-and-see, the market mentality is empty, the dealers’ offer is lower, the enthusiasm of downstream market entry is weak, and the domestic TDI market is weak in the short term.

According to the data monitored by the business agency, the market of potassium nitrate showed a downward trend in October. At the beginning of the month, the domestic industrial grade first-class potassium nitrate was quoted at 4162.50 yuan / ton, and at the end of the month, the domestic industrial grade first-class potassium nitrate was quoted at 4100.00 yuan / ton, a decrease of 1.5%. The current price was 1.5% lower than that of last year, and the current price was 6.02% lower than that of last year.

On the whole, potassium nitrate plant market did not fall significantly according to the market situation of potassium nitrate plant, but the potassium nitrate Market did not fall significantly in October. According to the quotation of domestic potassium nitrate manufacturers (4400-3900 yuan per week), according to different business quotation of domestic manufacturers.

Recently, the actual transaction of potassium chloride market is not good. The ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 1850 yuan / ton, which is temporarily stable compared with the beginning of the week. On the whole, the main contradiction in the market is that the supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly demanding, the overall inventory is low, the purchasing market kinetic energy is low, and the domestic potassium chloride market is stable. Limited support for potassium nitrate.

Recently, the supply of potassium chloride port supply is relatively sufficient, and the market is in a high consolidation. Domestic potash fertilizer market new deal is not positive. It is expected that the market of potassium nitrate will decline slightly in the short term, while the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and sorted out and analyzed by potassium carbonate analysts of business club. For more price details, please contact relevant manufacturers for consultation.)

1、 Price trend

The factory price of octanol in Shandong Province fell this week. This week, the average price of octanol mainstream factory quotation in Shandong decreased from 7533.33 yuan / ton at the beginning of the week to 7516.67 yuan / ton at the end of the week, a decrease of 0.22%, and a year-on-year increase of 6.37% compared with the same period last year. Overall, octanol market fell this week, Oct. 23 octanol commodity index was 55.27.

2、 Market analysis

From the manufacturer’s quotation, the main octanol manufacturer’s factory quotation in Shandong Province fell this week: Jianlan chemical’s offer of octanol was 7500 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; lihuayi’s offer of octanol was 7450 yuan / ton at the end of this week, which was 50 yuan / ton lower than that at the beginning of the week; Hualu Hengsheng’s offer of octanol was 7600 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol fell this week, with the quotation falling from 7352.73 yuan / ton at the beginning of the week to 7321.82 yuan / ton at the end of the week, a decrease of 0.42%, and a year-on-year increase of 0.73% over the same period last year. Upstream raw material market prices fell, affected by the supply and demand side, had a negative impact on octanol prices.

Octanol downstream market, DOP factory price fell this week. DOP quotation fell from 7466.67 yuan / ton at the beginning of the week to 7433.33 yuan / ton at the end of the week, down 0.45% compared with the same period last year. Downstream DOP prices fell, downstream customers’ enthusiasm for octanol procurement weakened, octanol demand was general, and future market operators were more likely to wait for DOP trend.

3、 Future forecast

In late October, the market trend of octanol in Shandong Province was mainly fluctuating. Upstream propylene market fell, raw material support weakened, downstream DOP market also fell slightly, downstream purchasing enthusiasm weakened, octanol supply was normal. Octanol analysts believe that: in the late October of Shandong octanol market in the supply and demand and raw materials and other aspects of the impact, octanol market or a small shock down.

According to the data of business agency, as of October 23, the average price of domestic fuel oil 180CST was 3575.00 yuan / ton (including tax), down 0.35% from the beginning of the week.

On October 23, the fuel oil commodity index was 72.41, down 37.53% from 115.91 (October 17, 2018), and 57.14% higher than 46.08, the lowest point on August 15, 2016. (Note: period refers to 2011-09-01 to now)

As of October 23, the support of domestic marine demand and power generation demand for fuel oil 180CST was weakened, and the market was willing to call back. According to the business agency, as of October 23, the self raised low sulfur price of 180 CST fuel oil in Ningbo area was 3550 yuan / ton; that of 120 CST fuel oil was 3600 yuan / ton; that of Shanghai area was 3550 yuan / ton; that of fuel oil was 120 CST The quotation of self lifting low sulfur is 3650 yuan / ton.

This week, the international crude oil price fluctuated and fell, dragging the price of fuel oil. WTI crude oil contract closed at $39.78/barrel on December 23, down 2.79% from $40.92/barrel at the beginning of the week, according to the business agency.

Singapore’s fuel oil inventory decreased from the previous week, forming a certain support for fuel oil. It is understood that as of October 21, Singapore’s stock of residual fuel oil (excluding asphalt), including fuel oil and low sulfur waxy residual oil, decreased by 335000 barrels to 24.317 million barrels, the lowest in nearly two weeks. During the week, inventories of light distillates, including naphtha, gasoline and reformate, fell by 540000 barrels to 13.299 million barrels, the lowest in nearly eight months. Mid distillate stocks fell 312000 barrels in the week to an eight week low of 14.814 million barrels.

Aftermarket forecast: energy analysts of business agency believe that the current severe epidemic situation in Europe and the United States, the prospect of crude oil and fuel oil demand is worrying, forming a negative impact on the later fuel market. However, with the arrival of the domestic cold winter season, the heating power demand may form a certain support for the fuel oil market. Overall, it is expected that the fuel oil 180CST market will continue to be weak in the short term, and there will be an upward opportunity in the medium term.

1、 Price trend

According to the data of business agency, on October 23, the average price of domestic LNG was 3223.33 yuan / ton, up 7.8% compared with the beginning of the week (19th), up 34.12% month on month, and 14.12% lower than the same period last year.

2、 Analysis of influencing factors

This week, the domestic LNG market is still in a continuous upward mode, with the price rising momentum not decreasing. Many places have risen to above 3000 yuan. Shaanxi, Shanxi, Inner Mongolia, Ningxia, Xinjiang, etc. have increased significantly. The price of liquid plants has increased by 100-250 yuan / ton during the week, which pushes up the sentiment. Since October 20, the benchmark price of feed gas has been raised by 0.1 yuan / m3 to 1.38 yuan / m3, which has boosted the market once again. Meanwhile, the price of inlet gas has also shown an upward trend, driving up the atmosphere of LNG market. At present, some cities in northern China have begun heating, the demand is expected to increase, the downstream replenishment is positive, and the supply of liquid plants is relatively sufficient. This week, the construction starts to improve, and there are not many maintenance enterprises. The liquid plant has no pressure in inventory, and the goods can be transported smoothly. The overall market mentality is good, and the price is rising steadily.

Data show that natural gas production has accelerated, and the growth rate of natural gas import has fallen. In September, 14.6 billion cubic meters of natural gas were produced, with a year-on-year increase of 7.6%, 3.9 percentage points faster than that of the previous month; the average daily output was 490 million cubic meters, an increase of 30 million cubic meters on a month on month basis. From January to September, 137.1 billion cubic meters of natural gas were produced, with a year-on-year increase of 8.7%. In September, 8.66 million tons of natural gas were imported, up 5.5% year-on-year, and the growth rate was 7.7% lower than that of the previous month. From January to September, 73.73 million tons of natural gas were imported, up 3.7% year on year.

According to the data monitoring of business agency, as of October 23, the average price in Inner Mongolia is around 3210 yuan / ton, and the price is rising; in Shaanxi, the average price is around 3340 yuan / ton, the price is rising; in Shanxi, the average price is around 3360 yuan / ton, the price is rising; in Xinjiang, the average price is around 3630 yuan / ton, the price is rising; in Ningxia, the average price is around 3220 yuan / ton, the price is rising, and the average price in Sichuan is 2790 yuan Around yuan / ton, the price is stable temporarily; the price of many places is rising.

Enterprise capacity rose and fell from October 23 to October 19

Inner Mongolia Shitai: 550000 cubic meters / day: 3200 yuan / ton: 2970 yuan / ton: 230 yuan

Star energy 1 million cubic meters / day 3250 yuan / ton 3000 yuan / ton 250 yuan

Inner Mongolia Sentai 1.2 million cubic meters / day 3200 yuan / ton 2970 yuan / ton 230 yuan

Zhongyuan green energy 3 million cubic meters / day 3220 yuan / ton 3000 yuan / ton 220 yuan

Shengdazizhou: 1 million cubic meters / day: 3330 yuan / ton: 3080 yuan / ton: 250 yuan

Dazhou Huixin: 1 million cubic meters / day: 2780 yuan / ton: 2780 yuan / ton

Ningxia Hongxing 1 million cubic meters / day 3360 yuan / ton 3080 yuan / ton 280 yuan

Qinshui Xinao — 3350 yuan / ton 3100 yuan / ton 250 yuan

Naomao Lake in Xinjiang (east of Lanzhou) 1.5 million m3 / D RMB 3210 / T RMB 3000 / T 210

Most downstream products show an upward trend

Methanol, recently, the market price of methanol increased slightly due to the favorable factors such as the maintenance of overseas units and the continuous storage of ports. At present, most traders ship at high prices, and methanol analysts of business associations predict that the domestic methanol market will fluctuate at a high level in the short term.

Urea and upstream liquid ammonia have been consolidated at a high level recently, with good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some units were overhauled and some of them were in short supply. According to the business association, the current agricultural demand has been followed up, and the downstream industry’s enthusiasm for urea procurement is fair. It is expected that the short-term urea market will fluctuate slightly.

For dichloromethane, at present, the domestic dichloromethane market is not started very high, the market inventory pressure is not big, and the manufacturers have good intention to raise prices, but the downstream market acceptance is not high, the market wait-and-see atmosphere is aggravated, and it is expected that the domestic dichloromethane market will still run stably in a short time.

Ethylene, current crude oil: Libya’s crude oil production may increase significantly, depressing the market atmosphere. Crude oil decline can not form a support for the ethylene market, so business agency data analysts predict that the next ethylene external price will mainly fall below.

3、 Future forecast

LNG analysts from the business club believe that: with the opening of winter heating, some areas have begun to fuel and replenish, and the demand is gradually increasing. The downstream procurement is more active, the production and sales of liquid plants are not under pressure, the market atmosphere is good, and the price is pushed up strongly. In addition, the price of domestic liquefied natural gas is generally rising, and it is expected that domestic liquefied natural gas prices will rise in the short term Natural gas market may continue to rise.

1、 Price trend

Most PS factory prices in China are stable temporarily, while the firm offers stable, and the poor downstream demand is the main factor hindering the overall market atmosphere to be good.

2、 Market analysis

PS market trend is stable, and the price of PS in Zhanjiang is RMB 8400 / ton. The factory price of CITIC Guoan PS is 7950 yuan / ton for 525.

In August 2020, China’s PS (polystyrene) export volume was about 40000 tons, an increase of 01000 tons, an increase of 2.56% year-on-year. The total export volume from January to August 2020 was 21800 tons, a year-on-year decrease of 44000 tons, a year-on-year decrease of 16.79%.

3、 Post market forecast

PS market trend is stable, downstream factories into the market inquiry is general, the on-site mentality is cautious. It is expected that PS will be stable in operation, and it may be increased in a narrow range in some areas.

The average price of formaldehyde in Shandong was 1050.00 yuan / ton on the 14th and 1066.67 yuan / ton on the 21st, up 1.59%. The current price is up 4.92% month on month, and the current price is 13.28% lower than last year.

Recently, the domestic market price of formaldehyde has risen slightly. As of October 21, the mainstream factory quotation in Central China is about 1012 yuan / ton, that of mainstream manufacturers in North China is 925 yuan / ton, and that in East China is 1082 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. Market trading atmosphere is general, real single transaction is OK, formaldehyde market slightly higher.

Situation of upstream methanol: in recent years, the ex factory quotation of methanol enterprises in Shandong has remained stable. The reference price of Shandong methanol in Lubei market is 1750 yuan / ton, which is delivered to spot exchange. The methanol market in the central part of Shandong Province is stable at 1900-1920 yuan / ton, and it is expected that the peripheral goods will be delivered to spot exchange at 1750-1760 yuan / ton. The cost support is fair, and the formaldehyde market has a small upward trend.

In the near future, the demand of traditional downstream methylal and pentaerythritol is obviously better than that of wood plate mill, and the start-up is improved, and the support from the demand side is fair. Formaldehyde manufacturers actively shipping, the market rose slightly.

In recent days, the upstream raw material methanol rose and fell differently, affected by the cost side saw, while the price in Linyi area of Shandong Province was on the high side, and the inflow of surrounding goods inside and outside the field was more. Therefore, formaldehyde analysts of chemical branch of business society predicted that the formaldehyde price in Shandong Province would mainly fall slightly in the near future.

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

Epichlorohydrin market rose slightly this week. As of October 18, the average price quoted by epichlorohydrin enterprises was 11200 yuan / ton, up 1.20% compared with the beginning of the week, and 2.61% lower than that of September 18, according to the large list data of business associations. In the first half of October, Shandong propylene market remained stable after a slight upward trend, with obvious cost support. Manufacturers mainly delivered orders, and the holding companies offered prices. Downstream operations were cautious. Small orders just needed to be followed up. The market trading atmosphere was general.

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise market price specification date

Aite (Shandong) new materials Co., Ltd. $11000 / T, excellent products; 99.9% Min: October 17, 2020

Jinan planhua Chemical Co., Ltd. $11000 / T national standard 99.9-2020-10-16

Shandong Yukang Chemical Co., Ltd. 11300 yuan / T premium product; 99.9% Min: 2020-10-15

Jinan Mingyu Chemical Co., Ltd. 11300 yuan / T national standard 99.9-2020-10-14

Jinan Mingwei Chemical Co., Ltd. 11300 yuan / T premium product; 99.9% Min: 2020-10-14

Jinan aochen Chemical Co., Ltd. $11000 / T premium product; 99.9% Min: October 12, 2020

For upstream propylene, according to the data from the bulk list of business associations, the domestic propylene (Shandong) market price rose slightly in the first half of October and then remained stable, with a half month low price of 7503 yuan / ton at the beginning of the month; 7524 yuan / ton in the mid month (October 16), with a half month increase of 0.28%; and a half month high price of 7530 yuan / ton on October 8 and 9, with a half month amplitude of only 0.36%.

Downstream epoxy resin, on October 16, the downstream epoxy resin was in strong operation with obvious cost support. The spot supply was slightly tight. The factory made firm offer and the downstream purchased on demand. The wait-and-see mood was strong.

3、 Future forecast

According to the analysts of epichlorohydrin of the business agency, the price of propylene is running at a high level in the near future, the cost support is strong, there is no inventory pressure on the spot, and the downstream small orders just need to follow up, and the market atmosphere is general. It is expected that in the short term, the epichlorohydrin market may be stagnant, and the specific trend needs to pay more attention to the market information guidance.

Trade name: hydrochloric acid

Latest price (October 19): 282.50 yuan / ton

The mixed price of hydrochloric acid in Shandong Province rose slightly on October 19, 5.00 yuan / ton higher than that on October 16. The upstream liquid chlorine market is generally in general, which gives weak support to hydrochloric acid, while the market of silica and ammonium chloride in the downstream is high consolidation, which brings certain support to the price of hydrochloric acid. At the same time, the maintenance of enterprises has increased recently, the supply of hydrochloric acid is relatively tight, and the downstream purchasing enthusiasm is good. The by-product acid still impacts the market, and the pressure of hydrochloric acid shipment is greater.

Recently, the market price of hydrochloric acid in Shandong area may fluctuate slightly, and the quotation is about 280 yuan / ton.