Domestic price trends:

According to statistics, the domestic price of p-xylene dropped in August. At the beginning of the month, the domestic price was 7,000 yuan/ton. At the end of the month, the domestic market price of PX was 6,650 yuan/ton. The overall decline was 5.0%, down 20.48% year on year. The price of PX external market maintained a low trend. The domestic market of PX was highly dependent on foreign market. The lower price of external market was the same for the domestic market. Italian air influence.

In recent years, the domestic market price of p-xylene has been declining. The domestic PX start-up rate is about 80%. Sinochem Hongrun Petrochemical 600,000 tons of new equipment has been put into operation. Yangtze Petrochemical Plant has been running steadily. Fuhaichuang Petrochemical Plant has started a line. Pengzhou Petrochemical Plant has been running steadily. Yangtze Petrochemical PX Plant has been running normally and Jinling Petrochemical Plant has been running steadily. Qingdao Lidong unit operates at full load, Qilu petrochemical unit operates steadily, Urumqi petrochemical unit starts at about 50%, Hengli petrochemical unit operates normally, domestic p-xylene supply increases, and PTA market demand downstream is general, domestic market prices are affected by the price decline. Influenced by the fluctuation of international crude oil prices, the price of PX outer plate fell. The closing price of Asia was US$765-767/ton FOB Korea and US$784-786/ton CFR China. Recently, a 700,000-ton PX unit in Saudi Arabia and Amy was in parking and overhaul. There are still several PX units in overhaul in Asia. Overall, paraxylene in Asia is in the process of overhaul. The start-up rate of the plant is about 70%. The supply of PX in Asia is normal. Domestic buying intention is weakening. Businessmen’offer is loose. More than 50% of domestic products need to be imported. The closing price of PX external market is lower than that of domestic market. The domestic market price of p-xylene is declining.

The closing price of international crude oil fluctuated in August. As of 29 days, the price of WTI crude oil futures market in the United States was $56.71 per barrel, Brent crude oil futures price was $61.08 per barrel. The closing price of crude oil has been maintained between $50 and $60 per barrel. The cost support for downstream petrochemical products is limited. PX is affected by lower external prices. Domestic prices are falling.

In August, the downstream PTA market price trend declined. As of 30 days, the East China PTA market talks were around 5200-5300 yuan self-lifting. In August, PTA plant restart and maintenance coexisted. Fuhua Chemical Trade 4.6 million tons, Jiaxing Petrochemical 1.5 million tons restart, Yizheng Chemical Fiber 350,000 tons, Jialong Petrochemical 600,000 tons stop and repair in succession. The domestic PTA start-up rate maintained a high level of water. In August, about 90%, downstream polyester cash flow improved, profits recovered, some parking plants restarted, the start-up load increased to 90%, and there was a short-term replenishment action. However, textile terminal orders are still cold, just need to be prudently purchased. The comprehensive start-up rate of Jiangsu and Zhejiang looms is about 70%, the production and marketing of polyester market is low, and the recent start-up of downstream polyester has increased slightly, which has brought some favorable support to the domestic PX market. However, the price of domestic PX has declined due to the increase of supply.

Chen Ling, an analyst with business association PX, believes that the recent fluctuation in crude oil prices and the lower PTA market prices have slowed down, but the domestic and international PX supply has been normal in the near future, and the downstream PTA market has maintained a high start-up rate. It is expected that the later PX market price will be around 6,600 yuan/ton.

Price data:

According to the monitoring data of business associations, the domestic bromine market shocked in August. At the beginning of the month, the average price of bromine in China was around 30428 yuan/ton, and fell to about 29785 yuan/ton in the middle of the month. Near the end of the month, the bromine price rose to about 30214 yuan/ton. The overall decline in the month was 0.7%, which was 3.85% higher than that in the same period last year.

II. Cause Analysis

Products: This month, the domestic bromine market started to differ greatly, the production situation of enterprises is different, the inventory is low, the bromine enterprises stopped to resume work in a short time is the main reason for the fluctuation of market prices. At present, the overall market start is still low, but the downstream market is in the off-season demand for bromine is general, the trade in the industry is flat, more. Purchasing just needs to give priority to. At present, the mainstream quotation of enterprises is around 29500-30500 yuan/ton, and some of the real orders are on the low side.

Industry Chain: The upstream industry of bromine has experienced different upstream and downstream changes this month: weak demand for sulphur and sluggish terminal demand, a 19.38% drop in the month, currently at around 690 yuan/ton; weak supply and demand in caustic soda market, stable operation in the month, currently around 705 yuan/ton; more overhauls in soda market, tight industry, stable upward price in the month. The former average price is about 1726 yuan per ton; the sulphuric acid market is affected by poor downstream demand, and continues to weaken within a month, with an overall decline of 4.44%, currently around 215 yuan per ton. At present, the downstream flame retardant industry of bromine is in the off-season, the market as a whole is light, the price of bromine is insufficient to support, pharmaceutical and agricultural intermediates and other industries are affected by environmental protection, resulting in low overall start-up and limited demand.

3. Future Market Forecast

Analysts of bromine industry in business associations believe that the National Day is approaching and environmental security is getting stricter. Some enterprises in North China have stopped work until October. There are some shortcomings in the spot supply side of bromine market, and enterprises have low multi-inventory. The upstream and downstream markets are generally flat and undersupported. It is expected that the domestic bromine price will be stable in the near future, and there will be an upward trend in the long run.

Price Trend

According to the monitoring data of business associations, the butanone market continued to decline this week. As of August 23, according to the quotations from several mainstream regions, the overall average price of the butanone market was around 6,600 yuan/ton, down 166.67 yuan from August 16, a decline of -2.46%.

II. Market Analysis

Products: This week’s butanone market as a whole is in a state of weakness, multi-factory quotations were lowered, the range was about 200 yuan to 300 yuan, TRADERS’transaction prices fell, and traders were more bearish on the aftermarket. In the middle of the week, the butanone market maintained a stable consolidation, and the decline was somewhat convergent. Some traders in Jiangsu region had a clear intention to bid up, and their quotations rose slightly again, resulting in a flat business atmosphere. At present, as of August 23, the transaction price of butanone in North China and East China is around 6,600 yuan/ton. Zibo Qixiang’s quotation is near 6,650 yuan/ton, and Dongming Pear Chemical quotation is near 6,400 yuan/ton. The market reference price in South China is around 7000 yuan/ton.

3. Future Market Forecast

Business societies data analysts believe that: at this stage, downstream factories are still operating at a low rate, terminal demand has not been significantly increased, therefore, the butanone market may continue to be a little loose in late August, the specific need for real-time attention to the overall trend of the upstream and downstream market.

Price Trend

The domestic liquefied petroleum gas (Shandong) market fell as a whole this week. At the beginning of the week, the average price of the domestic liquefied petroleum gas market was 3760 yuan/ton, and at the end of the week, the average price was 3743.33 yuan/ton. Within the week, the price fell by 0.44%, 19.82% compared with the same period last year.

II. Analysis of Influencing Factors

Products: This week, the narrow adjustment of domestic liquefied petroleum gas is dominant, the overall decline, the general trading atmosphere in the market. As of August 23. The ex-factory price of liquefied gas of Sinopec Guangzhou Chemical Co., Ltd. is 3680 yuan/ton, that of Jingmen Petrochemical Co., Ltd. is 3380 yuan/ton, that of Shanghai Petrochemical Co., Ltd. is 3280 yuan/ton, that of Qingdao Petrochemical Co., Ltd. is 3480 yuan/ton, and that of Shijiazhuang Petrochemical Co., Ltd. is 3480 yuan/ton. The company’s liquefied gas ex-factory price is 3600 yuan/ton. Sinopec Luoyang Petrochemical Liquefied Gas ex-factory price is 3600 yuan/ton.

Industry chain: This week, the domestic dimethyl ether Market stabilized and then fell, with a flat trading atmosphere. This week, Henan Xinlian repeatedly implemented the price floor policy. As a major manufacturer, it protected the market price on the side and continued to keep the floor after the settlement price was lowered. Later in the week, but under the double pressure of other manufacturers’sales and inventory, the price center of gravity declined. This week, the propane market fell as a whole. Although the international crude oil rose, it did not show much support for the propane market. In addition, the market demand for propane has not improved significantly. The anticipated fall of CP price in September affected the market mentality. But the “gold, nine silver and ten ten” is coming. The manufacturers have a strong mentality and the price is stable at the beginning of the week. But in the later period, due to the continuing poor shipment, manufacturers have a backlog of inventory, let profit shipment dominate, price down. At present, the enthusiasm of downstream market entry is still acceptable, the overall smooth trading, inventory pressure has been released. Saudi Amy Corp. announced in August that the price of propane was narrowly lowered and the price of butane was narrowly increased. Propane was 370 US dollars/ton, down 5 US dollars/ton from last month; butane was 360 US dollars/ton, up 5 US dollars/ton from last month. The cost of long cargo propane is about 3056 yuan per ton on shore and 2980 yuan per ton on butane. This week, the domestic liquefied petroleum gas (Shandong) market is dominated by narrow margin consolidation. At the beginning of the week, the rise of crude oil boosted the market and the price of liquefied petroleum gas increased slightly. However, the increase of crude oil is not big enough to boost the liquefied petroleum gas market. In addition, the liquefied petroleum gas shipment continued to be poor last weekend, the inventory of the manufacturers increased gradually, the pressure increased, and the downstream entry enthusiasm was general. Purchasing is needed, and the production and marketing of the manufacturer are unbalanced. Late week price slightly concessions, price down, mainly shipments. Market turnover has improved significantly, and low-level shipments are relatively smooth.

Industry: According to the business association price monitoring, in the 33rd week of 2019 (8.19-8.23), there were six kinds of commodities rising in the energy sector, the first three of which were liquefied natural gas (2.89%), Brent crude oil (2.18%) and MTBE (1.77%). There are seven kinds of commodities that have declined annually. The first three products are methanol (-2.34%), petroleum coke (-0.81%) and gasoline (-0.67%). This week’s average rise and fall was 0.24%.

3. Future Market Forecast

Liquefied gas analysts of business associations believe that the influencing factors are still in the off-season, terminal demand has not improved significantly, and the liquefied gas market has insufficient momentum to rise, but the traditional peak season of “gold SEP, silver OCT” is coming, which has certain support for the market mentality, and is expected to stabilize and then rise in the later period.

I. Trend of Rare Earth Market

As of August 23, the price of Pr-Nd oxides at the weekend was 309,000 yuan/ton, the price trend was 2.15% higher and 3.59% lower than that of the previous year; the domestic reference quotation of dysprosium-iron alloys was 1910 yuan/ton, the price trend was 1.04% lower and 65.37% higher than that of the previous year; and the domestic reference quotation of Pr-Nd alloys was 39.15%. 5500 yuan/ton, the price trend increased by 2.33%, 4.12% year-on-year decline; praseodymium oxide factory mainstream quotation at 382 500 yuan/ton, the price trend is temporarily stable, down 6.71%; dysprosium oxide factory mainstream quotation at 1915 000 yuan/ton, the price trend declined 1.29%, up 67.61%; neodymium oxide factory price at 31100 yuan/ton, the price trend increased. 2.13%, down 1.74% year-on-year; neodymium quotation is 395,500 yuan/ton, price trend is up 2.33%, down 2.94% year-on-year; praseodymium ex-factory quotation is 695,000 yuan/ton, price trend is stable, up 5.30% year-on-year; dysprosium ex-factory mainstream quotation is 230,000 yuan/ton, price trend is stable, up 41.54% year-on-year.
II. Rare Earth Price Index

On August 23, the rare earth index was 372 points, down 1 point from yesterday, down 62.80% from the cyclical peak of 1000 points (2011-12-06), and up 37.27% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).
III. Market Analysis

Recently, the price of light rare earth has risen slightly in the rare earth market. The price of praseodymium and neodymium products has risen by about 2%. The price of neodymium oxide and neodymium oxide has risen first. However, the downstream demand for light rare earth has not improved significantly. A small number of downstream merchants replenish their products on demand. The actual transaction price is still at a low level, and the on-site wait-and-see mood is strong. The price of heavy rare earth in China rose sharply in the second quarter due to Myanmar’s export restrictions, and has been at a high price since then. Recently, the price of dysprosium and terbium system has fallen slightly. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under strict environmental protection inspection, manufacturers control sales reasonably, but in the near future, they are greatly affected by external environment. They mainly benefit from the active distribution of new energy fields by mainstream automobile factories at home and abroad. The increasing number of new energy vehicles has brought some favorable support to the rare earth market. The price of domestic rare earth market is rising, but in the near future, the prices of domestic rare earth market are rising. Large conglomerates are also cautious about pricing their products.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and the national reserve.

IV. Future Prospects

Rare earth analysts of business associations expect that the domestic environmental stringency will not diminish in the near future, coupled with the domestic reorganization of the order of the rare earth industry, there will be little change in the supply, but the recent rare earth market trading market is general, but the demand for new energy vehicles has increased, and the price of the rare earth market is expected to rise.

Price Trend

According to the data monitored by business associations, the PC market in China showed a shaky adjustment trend in the third week of August. As of August 16, the average price quoted by domestic producers and traders for Bayer 2805 was about 18 800.00 yuan/ton, a slight drop of 0.18% compared with the beginning of the week.

II. Cause Analysis

PC upstream bisphenol A prices continue the recent trend this week, the market can not continue to rise or fall. On-site purchasing and trading is negative, and merchants have greater resistance to shipment. Downstream factories have a low willingness to stock up, so they need to purchase prudently. Actual negotiation of more orders and lower prices has less room for traders to operate. Businessmen have a heavy wait-and-see mentality. It is expected that the domestic bisphenol A market will be weaker in the near future, and the cost support for domestic PC is not good. At present, there are many parking situations in PC production lines in China, and the recent transit typhoons also have an impact on the start-up rate. The typhoon also led to delays in the arrival of imports. In many ways, domestic supply is affected. Spot supply is tight, which pushes up spot PC prices and increases some brands. In the short term, the willingness of factories and traders to bid for their inventories, but the mindset of the traders is still more cautious. Demand has not improved. In the third week of August, the domestic PC spot price shocks and adjustments.

3. Future Market Forecast

Business PC analysts believe that recent domestic PC upstream bisphenol A continued to decline, short PC cost. Due to the insufficient start-up rate of domestic PC production equipment and high import price, the current tight supply of PC boosts spot price. However, the downstream demand improvement is limited, and the purchase of stock is prudent. It is expected that PC will continue to consolidate with minor shocks in the near future. It is suggested that close attention should be paid to the supply of goods at home and abroad.

Price data

According to the data of business associations, the market price of sulphur in East China declined narrowly this week. At the beginning of the week, the average price of granular sulphur was 810 yuan/ton. At the end of the week, the average price of granular sulphur was 790 yuan/ton. The average price of granular sulphur dropped 20 yuan/ton, a decline of 2.47%, 27.23% compared with the same period last year.

II. Market Analysis

Products: This week, the domestic sulphur market continued to be weak, and the price fell sharply. Within the week, refineries in various regions continued to decline according to their own shipments. As of the 16th, the mainstream price of solid sulfur in Sinopec’s Shandong region was about 840-850 yuan/ton, the mainstream price of liquid sulfur was 680-740 yuan/ton, and the price was reduced by 30 yuan/ton; the mainstream price of solid sulfur in North China was 650-700 yuan/ton, the mainstream price of liquid sulfur was 620-660 yuan/ton, and the price of solid and liquid sulfur was reduced by 30 yuan/ton simultaneously. The mainstream price of solid sulfur in the eastern region is 680-740 yuan/ton, while the mainstream price of liquid sulfur is 660-730 yuan/ton, which is temporarily stable compared with last week’s price.

Industry chain: The price trend of downstream sulfuric acid Shandong market fell slightly this week. The quotation was lowered from 225 yuan/ton at the beginning of the week to 217.50 yuan/ton at the end of the week, falling by 7.50 yuan/ton, or 3.33%, 50.57% compared with the same period last year. This week, the domestic sulfuric acid market continued to be depressed. The prices of some sulfuric acid factories in Shandong fell slightly, the inventory of the factories was small, and the downstream demand was small. This week, Zibo and Weifang in Shandong Province were affected by Typhoon “Lichma”. Some sections of roads were seriously flooded, and some acid enterprises took advantage of the situation to stop work and repair. The contradiction between supply and demand in downstream acid market is obvious, and the support for sulphur is limited.

Industry: At present, the domestic sulphur market demand performance is low, there is no news guide inside and outside, the negotiation atmosphere is cold, the enthusiasm of terminal purchasing is weak, under the lack of information guidance in the market and weak buyer’s intention, the market wait-and-see atmosphere is strong, and the hollow state of the industry is obvious.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information support, the enthusiasm of on-site negotiations is weak, the mindset of operators is mainly impasse and wait-and-see, and the short-term sulfur market is expected to be vulnerable to consolidation.

Price Trend

The domestic market of ethyl acetate increased narrowly. According to the monitoring data of business associations, the market of ethyl acetate in eastern China offered 5516 yuan/ton at the beginning of the week, and up to 5583 yuan/ton in eastern China, the overall increase was 1.21%.

II. Analytical Review

Products: The domestic market of ethyl acetate has risen slightly. After centralized purchasing in the previous market, the enterprise’s inventory is relatively low, the market price quotation has risen, and the market turnover has increased. However, the downstream market is still off-season, and the substantive digestion of raw materials is limited. Under the pressure of cost surface, the space of supply concession is limited, the inventory of the manufacturer is low, and there is still upward space in the short term. Up to now, the market offers are as follows: the mainstream reference offer in East China is 5600-5700 yuan/ton, that in North China is 5500-5600 yuan/ton, and that in South China is 5800 yuan/ton.

Industry chain: acetic acid: acetic acid plant start-up is low, the market supply situation is difficult to alleviate, intermediate traders stock is limited, downstream support is strong, export support is strong, but short-term acetic acid start-up Commission is limited, short-term acetic acid market is still tight, the offer continues to rise. The ethanol market is stable and small. Dongfeng plant in Northeast China will be opened, and the supply will be restored. The supply and demand in South China market will be light.

3. Future Market Forecast

After the shutdown of Huayi Ethyl Acetate Plant in Anhui Province, the overall starting rate of Ethyl Acetate is relatively low, the supply side is tight, and the market is dominated by small orders. Raw material acetic acid still has upward space. Business associations expect the market cost of ethyl acetate to support monitoring. It is expected that there will be a steady upward trend next week.

Price Trend

According to data from business associations, the market of DMF has been stable this week. The average price of DMF this week is 4433.33 yuan/ton. The current price is 36.59% lower than that of last year.

II. Market Analysis

Products: DMF market is stable this week, mainstream manufacturers in East China quote between 4450 and 4550 yuan per ton, mainstream manufacturers in Guangdong at 4600 yuan per ton. The annual output of Junhua DMF plant in Henan Province is 30,000 tons per year. The restart time is expected to be around this weekend. Anyang nine-day 120,000 tons/year DMF plant stopped for overhaul on the evening of July 2. The overhaul time was about 17 days, and it has been restarted; 30,000 tons/year plant stopped for overhaul on June 13. Shandong Jincheng Coal Daily 12,000 tons/year DMF plant load 70%. DMF has sufficient inventory and stable price.

Industry Chain: Upstream methanol is boosted by plant overhaul and olefin extraction. Demand for terminal and trade replenishment is rising, which affects the market. The price at the beginning of the week is 2022.00 yuan/ton, and at the end of the week is 2106.00 yuan/ton, up by 4.17%. Domestic slurry manufacturer equipment start-up rate is general, maintain just need to purchase, DMF price is stable.

3. Future Market Forecast

The upstream methanol market has rebounded recently due to the increase of overhaul facilities and the speculation of traders. The downstream slurry enterprises are generally affected by long-term policies such as environmental protection. Therefore, the DMF product analysts of business associations believe that the short-term DMF market is mainly weak consolidation.

Price Trend

According to the monitoring data of business associations, the domestic acetic acid market rose sharply this week. The average price of acetic acid in eastern China was around 2916 yuan/ton at the beginning of the week, and the average price of acetic acid in eastern China rose to about 316 yuan/ton at the weekend, an increase of 6.86%. At present, the quotation in Henan is about 2950/ton; in Shandong is about 3000-3150 yuan/ton; in Hebei is about 3000-3050 yuan/ton; in Shaanxi is about 2750 yuan/ton; in Jiangsu is about 3100-3250 yuan/ton; in Zhejiang is about 3300-3400 yuan/ton; and in South China it is about 3200-3300 yuan/ton. About.

II. Cause Analysis

Product: This week, the domestic acetic acid market was affected by supply tension, and the price went up sharply. At present, the inventory of enterprises in North China is low, and the quantity of shipments is limited. Among them, the overhaul of 500,000 tons/year plant in Longyu, Henan Province, is postponed to the end of the month, and the load of 350,000 tons/year plant in Yongli, Bohua, Tianjin, is reduced to about mid-August from July 25. There is a shortage of spot goods in East China, some areas are affected by typhoon, and logistics transportation is affected. Soap’s 1.2 million tons/year plant has been restored after a short shutdown, and the start-up is unstable. Huayi Anhui Plant plans to repair a 500,000 tons/year plant for 25 days from August 15. It has been reported that a large-scale plant in Nanjing will be limited in production. The price of acetic acid will rise because of typhoon in South China. At present, the overall start-up rate of the industry is about 85%, and the shortage of supply-side is difficult to effectively remedy in the short term.

Industry chain: upstream, domestic methanol market is affected by equipment maintenance and TRADERS’replenishment. It runs steadily in a week. At the beginning of the week, the average price of methanol market is 2076 yuan/ton, and at the end of the week, it is 2136 yuan/ton, up 2.89%, which is 29.39% lower than the same period last year. Domestic acetate and vinyl acetate industries are supported by raw material acetic acid prices. Sound, within a week more strong operation, the overall start-up rate has declined, downstream just need to be flat, the future market still needs to pay attention to raw materials; domestic PTA enterprises overall start-up rate is about 95%, downstream industry demand is flat in the short term difficult to ease, expected future shocks on the soft side.

International: North American acetic acid market showed stable performance this week, Celanese’s offer increased, but raw material methanol support was insufficient, and the current quotation was about 360 US dollars/ton; Asian acetic acid market was affected by supply tension in China, acetic acid prices rose sharply, currently 425-455 US dollars/ton; European acetic acid market showed stable performance and trade level in the industry. At present, the price is around 650 euros/ton.

3. Future Market Forecast

Acetic acid analysts of business associations believe that the supply of acetic acid in the domestic market is becoming more and more tense. Typhoon has affected the supply of acetic acid in eastern and southern China. Traders are more willing to offer and sell, and raw material methanol has recently shown a warming performance, which further supports the price of acetic acid. The downstream market is currently flat and some areas are affected by it. Environmental security inspection affects inadequate start-up, poor demand and a certain degree of resistance to the high price of acetic acid. It is expected that the domestic acetic acid price will soar in a short period of time, and the future market needs to pay attention to the start-up of enterprises.