According to the monitoring of business society, the price index of domestic rare earth market continues to rise. It is obvious from the figure that the rare earth market continues to rise. Recently, the domestic praseodymium neodymium rare earth market has risen sharply, and the price of heavy rare earth market remains high. On November 24, the rare earth index was 765 points, an increase of 10 points compared with yesterday and a decrease of 23.50% compared with the highest point of 1000 points in the cycle (December 6, 2011), It is 182.29% higher than the lowest point 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the domestic light rare earth market price has risen sharply, the mainstream praseodymium neodymium commodity price in the rare earth market continues to rise, and the rare earth market is rising. In terms of products:

It can be clearly seen from the product price trend chart that the prices of domestic praseodymium neodymium oxide, praseodymium oxide, neodymium oxide, metal neodymium, metal praseodymium neodymium and metal praseodymium rose sharply. As of November 25, the price of neodymium oxide in domestic rare earths was 855000 yuan / ton, with a sharp rise of 16.33% this month; The price of praseodymium oxide was 865000 yuan / ton, an increase of 13.07% this month; The price of praseodymium neodymium oxide is 840000 yuan / ton, with a sharp rise of 17.07% this month; The price of praseodymium neodymium alloy was 1025000 yuan / ton, with a monthly increase of 19.19%; The price of metal praseodymium was 1.12 million yuan / ton, up 16.67% this month; The price of neodymium is 1.05 million yuan / ton, with a rise of 17.32% this month. The domestic rare earth market is rising, and the market price of light rare earth is rising sharply.

The trend of products in the domestic rare earth market is rising. On the one hand, the policy is good and the supply of electric coal is tight in winter. Recently, the Ministry of industry and information technology issued the motor energy efficiency improvement plan to encourage the development of energy-saving rare earth motors to replace traditional industrial motors and respond to the call for energy conservation and emission reduction. There was a strong bullish mood in the venue. Many goods holding businesses did not offer prices, and the venue prices continued to rise. On the other hand, there is little change in the supply and demand structure, the demand for high-end magnetic materials is normal, the proportion of frequency conversion air conditioners in domestic household appliances continues to increase, the penetration rate of Nd-Fe-B continues to increase, and the demand side has increased. In addition, the demand for permanent magnet has increased significantly, the rapid development of new energy industry has driven the development of many industries, and the upstream material rare earth permanent magnet has also caught the “express train”. The sales of new energy vehicles are normal, the demand for rare earth is at a high level, and the price of rare earth oxides has risen sharply. When there is no lock order, the rare earth metal factory mainly focuses on wait-and-see and purchases cautiously.

The national environmental protection inspector is still continuing, the traditional peak demand season for rare earth is coming, superimposed on the launch expectations of relevant policies of the rare earth industry, the supply and demand is expected to resonate with the policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shippers have low willingness to ship, strong reluctance to sell and wait-and-see mood, and the on-site prices continue to rise. According to statistics, the demand for new energy vehicles increased. According to the data released by China Automobile Industry Association, the production and sales of new energy vehicles hit a new record in October, reaching 397000 and 383000 respectively, with a month on month growth of 12.5% and 7.2%, both 1.3 times year-on-year growth. Driven by both market and policy, the demand market for vehicle gauge semiconductors broke out in an all-round way. Recently, the demand in the field of new energy is high, and the domestic light rare earth market price is rising. Driven by the demand for Nd-Fe-B, the market price of heavy rare earths in China rose accordingly, but the increase was not as eye-catching as that of light rare earths.

It can be seen from the trend chart that the price of dysprosium Series in China rose slightly. As of the 25th, the price of dysprosium oxide was 2.945 million yuan / ton, an increase of 3.51% this month; The price of dysprosium ferroalloy was 2.91 million yuan / ton, an increase of 2.46% this month; The price of dysprosium metal is 3.78 million yuan / ton, with an increase of 4.13% this month. The price of terbium in China continues to rise, the price of terbium oxide in China is 10.9 million yuan / ton, and the price of metal terbium is 14.4 million yuan / ton. The price of heavy rare earths rose, but the price was lower than that in April, when the market price of heavy rare earths was at a ten-year high. The turnover of the domestic rare earth market improved and the leading magnetic material factory actively purchased, which led to the rise of the domestic heavy rare earth market price. In the early stage, affected by the rainy season and epidemic situation, the rare earth supply in Myanmar was disturbed. In the later stage, the war broke out in Myanmar, and the supply disturbance was further aggravated. The global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, the domestic supply is tight, and the production reduction risk of separation enterprises using Myanmar mines in the south is increased. Affected by this, the domestic heavy rare earth supply is tight, coupled with the increase of domestic demand, the contradiction between supply and demand is intensified, and the price trend of heavy rare earth market is rising.

In addition, with the support of national policies, Wang Jiangping, Vice Minister of the Ministry of industry and information technology, pointed out in early July that the regulations on the administration of rare earth will be introduced as soon as possible. We expect that the regulations will be introduced with a high probability within this year, and the national level legislation will regulate the high-quality development of the rare earth industry. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products has increased, and the price of domestic rare earth market has risen sharply.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply is still tight and the inventory continues to decline. Recently, the on-site transaction market is OK and the goods are actively prepared. With the advent of the traditional peak demand season of rare earth, the merchants holding the goods are reluctant to sell. Chen Ling, a business analyst, predicts that the price trend of rare earth market will mainly rise in the later stage.

According to the data monitored by the business community, as of November 19, the average price of PMMA of domestic general transparent superior products this week was 17625.00 yuan / ton, which maintained a stable operation. Compared with the same period last week, the price change was not obvious. The quotation range of mainstream manufacturers remained about 17600 yuan / ton. The price of PMMA mainly maintained stable operation, the focus of negotiation was stable, and the price range this week was small.

This week, the average price of PMMA of domestic general transparent superior products was 17625.00 yuan / ton, and the quotation range of mainstream manufacturers remained about 17600 yuan / ton. Compared with the same period last week, the price of PMMA was mainly stable, the overall price change was not obvious, the focus of negotiation was stable, and the supply side was normal.

Rubber and plastic index: on November 18, the rubber and plastic index was 810 points, down 2 points from yesterday, down 23.58% from the highest point of 1060 points in the cycle (March 14, 2012), and up 53.41% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to the period from December 1, 2011 to now).

PMMA analysts of business agency believe that PMMA price is expected to run smoothly next week with limited fluctuation range. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

According to the data monitored by the business society, as of November 23, the average price of domestic rubber grade excellent white carbon black was 6875.00 yuan / ton. The white carbon black market mainly operated stably, and the white carbon black price was stable, medium and strong. At present, the market supply is normal, the downstream just needs to purchase, and the transaction atmosphere is the same.

The mainstream price of white carbon black is about 6870 yuan / ton, and the price is mainly stable. Compared with the same period last week, the price has not changed significantly. The overall market is in balance between supply and demand, mainly for just needed procurement, mainly for contract customers. The negotiation atmosphere is flat, and the white carbon black market is stable and strong.

As of November 22, the domestic market price of hydrochloric acid has increased slightly, up 14.00 yuan / ton or 4.79% compared with the quotation on November 19, down 2.86% year-on-year compared with the same period last year. Recently, the domestic market price of hydrochloric acid has fluctuated slightly, and the average quotation price is about 300 yuan / ton.

On November 22, the chemical index was 1173 points, down 15 points from yesterday, down 16.21% from the highest point of 1400 points in the cycle (2021-10-23), and up 96.15% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

Business agency white carbon black analysts believe that: in the short term, white carbon black will mainly run smoothly with limited fluctuation range. (to know more about the industry chain market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the commodity price).

1、 Price data

As of November 21, the mainstream ex factory average price of domestic ground refined hydrogenated naphtha was 7800.75 yuan / ton, up 4.70% from 7450.75 yuan / ton on November 15. The actual transaction price of ground refined hydrogenated naphtha was about 7700-8000 yuan / ton.

As of November 21, the mainstream ex factory average price of domestic local refining straight run naphtha was 7617.50 yuan / ton, up 4.86% from 7262.50 yuan / ton on November 15. The actual transaction price of local refining straight run naphtha was about 7500-7800 yuan / ton.

On November 21, the naphtha commodity index was 96.28, unchanged from yesterday, down 6.83% from the highest point of 103.34 in the cycle (2021-10-25), and up 127.94% from the lowest point of 42.24 on July 19, 2016. (Note: the period refers to the period from September 1, 2012 to now)

2、 Analysis of influencing factors

This week, the price of local refining and hydrogenation naphtha rose sharply, the demand for olefins and aromatics in the terminal was released, the refineries pushed up actively, and the market trading was positive.

Upstream: the international oil price has fallen one after another. According to the monitoring of business news agency, WTI crude oil fell by 6.97% and Brent crude oil fell by 4.80%. Although the U.S. commercial crude oil inventory data was positive last week, the main concern was the epidemic in Europe and the United States wanted to release strategic crude oil reserves with major economies. The short market atmosphere still put pressure on oil prices.

Downstream: according to the monitoring of business society, the price of toluene fell continuously this week, and the price weakened broadly. The price was 6500 yuan / ton on November 12 and 6210.2 yuan / ton on November 19, down 4.46% from last week. Mixed xylene fell continuously this week, and the price fell broadly. The price of mixed xylene was 6220 yuan / ton on November 12 and 6040 yuan / ton on November 19, down 2.89% from last week. In the PX market, the market price trend of p-xylene was temporarily stable this week. As of the 19th, the ex factory price of domestic p-xylene was 7300 yuan / ton, which was the same as that at the beginning of the week.

Industry: according to the price monitoring of business society, there are 5 commodities in the list of commodity prices rising and falling in the energy sector in the 46th week of 2021 (11.15-11.19), and the top 3 commodities are naphtha (4.70%), diesel (3.82%) and gasoline (2.73%). A total of 10 commodities decreased month on month, and 5 commodities decreased by more than 5%, accounting for 31.3% of the monitored commodities in this sector; The products with the top three declines were coking coal (- 12.35%), petroleum coke (- 10.90%) and asphalt (- 10.26%). The average rise and fall this week was – 2.94%.

3、 Future forecast

Energy analysts of business society believe that the market price of refined oil in Shandong continues to rise this week, the demand for olefins and aromatics in the terminal part is released, and refineries push up positively, but the sharp decline of international crude oil may inhibit the push up situation. It is expected that naphtha refining in the near future may be dominated by consolidation.

Price trend of domestic sodium pyrosulfite

According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to fall this week. The average price of industrial grade sodium pyrosulfite was 3516.67 yuan / ton at the beginning of the week and 3450 yuan / ton at the end of the week, down 1.90% during the week.

In November, affected by the continuous decline of upstream raw material prices, domestic sodium pyrosulfite manufacturers successively reduced the ex factory prices, driving the domestic sodium pyrosulfite market prices to continue to fall. This week, the domestic industrial sodium pyrosulfite market price range was 2900-3800 yuan / ton, and most prices were concentrated near 3000-3400 yuan / ton. The production of the enterprise is stable, and the inventory is maintained at about 30%. The enterprise mainly completes the orders of old customers, and the increase of new orders is limited. The market transaction atmosphere is general, mainly fast in and fast out, which mainly needs support. (the above prices refer to the external quotations of domestic mainstream enterprises, and some unreported enterprises are not within their scope temporarily. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. Please contact each manufacturer for details).

Since the beginning of November, the price of domestic soda ash has fallen by 2.4%, and the price of sulfur has fallen by 0.94%. The price of upstream raw materials has continued to fall. Under the pressure of cost, the overall market price of sodium pyrosulfite in the future will be under pressure.

Future forecast

Business analysts believe that the price of upstream raw materials has fallen, the wait-and-see attitude of downstream trade subjects has increased, and the domestic sodium pyrosulfite market price will continue to be under pressure and weak adjustment in the short term.

According to the data monitoring of business agency, the prices of industrial grade and battery grade lithium carbonate continued to rise this week, with a slight increase. On November 18, the average price of industrial grade lithium carbonate in East China was 189600 yuan / ton, which was 1.5% higher than that in early Zhou (the average price of industrial grade lithium carbonate in East China was 186800 yuan / ton on November 14). On November 18, the average price of battery grade lithium carbonate in East China was 199000 yuan / ton, which was 2.05% higher than that in early Zhou (the average price of battery grade lithium carbonate in East China was 195000 yuan / ton on November 14). As of November 18, the comprehensive quotation of industrial grade lithium carbonate market is around 183000 ~ 193000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market is around 193000 ~ 205000 yuan / ton.

By observing the market changes, the price of lithium carbonate continued to rise slightly this week, and the price remained high. As the downstream is still in the state of demand, it passively accepts higher prices. At present, the demand for lithium iron phosphate raw materials is still high, and the market inquiry is frequent. In the case of production reduction in Qinghai in winter and the shortage of mineral resources in Jiangxi, there will be a gap at the supply end. At present, most enterprises still focus on maintaining stability, and relatively few enterprises raise prices.

The price of domestic industrial grade lithium hydroxide in the downstream remains stable. At present, the price of raw spodumene is strong, the cost support is strong, the demand side is improved, and the market is relatively stable. However, with the obvious increase of overseas market, the domestic lithium hydroxide market may show a tightening state.

In terms of lithium iron phosphate, the price runs smoothly and the manufacturers ship actively. At present, the supply side is normal, the negotiation focus is stable, the downstream just needs procurement, the procurement atmosphere is general, the upstream market focus is high, the price rises, the lithium iron phosphate Market has certain support, and the overall market is large, stable and small.

According to the lithium carbonate analysts of business society, the current lithium carbonate market inventory is low, so the pressure on supply and demand is increased. In addition, the subsequent output may be reduced. It is expected that the short-term lithium carbonate price still has room for upward consolidation.

According to the monitoring data of business society, since November, the price of hydrogen peroxide has continued to decline weakly. In the middle of the year, the price has rebounded, which has been suppressed by bad news. After the rebound, it continues to decline weakly. As of November 17, the average market price of hydrogen peroxide was 946 yuan / ton, down 14.46% from the beginning of the month.

According to the weekly rise and fall chart of hydrogen peroxide of business society from August 23, 2021 to November 14, 2021, it can be seen that hydrogen peroxide runs smoothly as a whole at the end of August. Since September, the hydrogen peroxide market has warmed up and opened the road of rise, with an increase of 3.94% in the current month. After 11, hydrogen peroxide ushered in a sharp rise, rising continuously until October 19. Long and short game, the hydrogen peroxide market rose sharply and fell sharply after that. Throughout October, hydrogen peroxide rose 39.01%. At the beginning of November, hydrogen peroxide still maintained a downward trend, and the price fell for two weeks. This week, hydrogen peroxide was still weak.

Bad pressure hydrogen peroxide fell endlessly

Since November, hydrogen peroxide continued the weak decline at the end of October. Mainly due to the impact of the limited power policy, the printing operation rate of the terminal paper industry decreased. In addition, after the e-commerce promotion activities, the corrugated paper inventory of the paper mill began to increase and the shipment speed slowed down, resulting in a decrease in the corrugated paper price. With the elimination of the overall price panic of the carton factory, the price of paperboard procurement has been compared steadily, and the willingness to replenish is not strong temporarily, which also affects the downward trend of corrugated paper price. The demand for hydrogen peroxide decreased, the market transaction became weaker, the manufacturers’ willingness to support the price was general, and the price continued to decline weakly. As of November 17, the mainstream quotation of hydrogen peroxide had fallen to 946 yuan / ton, a decrease of nearly%.

On November 17, the price of hydrogen peroxide in some regions was as follows:

The quotation of hydrogen peroxide of Luxi Chemical is 840 yuan / ton, which is 80 yuan / ton lower than that in early November; The quotation of Hebei Zhengyuan hydrogen peroxide is 950 yuan / ton, which is the same as that in early November; The quotation of hydrogen peroxide of Anhui Quansheng chemical is 1050 yuan / ton, which is 400 yuan / ton lower than that in early November.

Li Bing, hydrogen peroxide analyst of business society, believes that the terminal paper industry, printing and other industries have entered the off-season of consumption, with poor demand and negative pressure, and the hydrogen peroxide price will still be dominated by weak consolidation in the future.

Last week, the domestic propylene glycol market began to decline weakly. This week, on the first two days of the week, the domestic propylene glycol market continued to fall sharply, and the center of gravity continued to fall. The propylene glycol market had a strong wait-and-see atmosphere, the downstream operating rate was low, the demand side performance was weak, and the overall trading atmosphere in the field was general. In addition, in terms of raw materials, the inventory of raw propylene oxide market was under pressure, and the center of gravity was weak, giving loose support to the cost side of propylene glycol, 15. On the 16th, the domestic propylene glycol market price decreased by 500-1500 yuan / ton. At present, as of the 16th, the domestic propylene glycol market price was around 18200-18800 yuan / ton, a decrease of 7.46% compared with last weekend.

In terms of upstream propylene oxide, recently, the domestic propylene oxide market was weak and downward. According to the monitoring data of business society, the reference price of propylene oxide was 15800 yuan / ton on November 16, down 8.6% compared with November 1 (17300 yuan / ton).

Future trend analysis

At present, there is a strong wait-and-see mood in the downstream market of propylene glycol. In addition, the recent increase in propylene glycol supply has revealed the contradiction between supply and demand. The propylene glycol data division of business society believes that in the short term, the domestic propylene glycol market is weak, and it does not rule out that there are still downside risks in the market. More attention needs to be paid to the specific changes at the supply and demand side.

According to the price monitoring of business agency, the domestic PTA market fell slightly today (November 15). The average price in the spot market was 4903 yuan / ton, down 1.51% from the previous day and up 51.85% year-on-year. PTA futures 2201 closed at 4946 and settled at 4966, down 56, or 1.12%.

In terms of devices, recently, the restart and maintenance of domestic PTA plants coexist, and the current operating rate of the industry remains around 79%. Specifically, the 1 million ton PTA unit of chuanneng chemical stopped on October 31, and the restart date is to be determined. Hengli Dalian 2.2 million ton plant was overhauled on November 5 for about 20 days. The 1.5 million ton unit of Honggang Petrochemical is planned to be restarted in mid November.

The market is worried that the Fed will accelerate the pace of raising interest rates to curb inflation. On November 12, the international oil price fell. The settlement price of the main contract of WTI crude oil futures in the United States was US $80.79/barrel, down US $0.8 or 1.0%, and the settlement price of Brent crude oil futures was US $82.17/barrel, down US $0.7 or 0.8%.

Affected by the bad raw materials, the downstream polyester market price maintained a decline. Today, the polyester price of mainstream factories in Jiangsu and Zhejiang was reduced by 300-500 yuan / ton. The starting load of polyester is not high and remains around 81%. Affected by seasonal factors, the textile market has gradually weakened, and generally pessimistic expectations for order volume. In the domestic market, in the absence of orders, the comprehensive startup rate of Jiangsu and Zhejiang looms is about 66%, and the factory has plans to shut down and reduce production.

Business analysts believe that the decline of crude oil has weakened the support for PTA cost, and the demand side performance is general. There is an accumulation expectation of supply and demand. It is expected that the short-term PTA price will still maintain a weak trend of shock.

1、 Price trend

According to commodity data monitoring, isopropanol prices continued to decline this week. The average price of domestic isopropanol was 7966.67 yuan / ton last Friday and 7733.33 yuan / ton this Friday. The price decreased by 2.93% during the week.

2、 Market analysis

Figure: comparison of price trend of acetone and isopropanol from August to October

Isopropanol prices continued to fall this week. The price of raw material acetone continues to decline, suppressing the market mentality. Traders are more cautious in taking goods. Most of the downstream are wait-and-see. The overall trading atmosphere of the market is light, and the isopropanol market quotation fell. Up to now, most quotations of Shandong isopropanol are about 7400-7500 yuan / ton; Most of the quotation range of Jiangsu isopropanol is about 7700 yuan / ton; Most quotations of isopropanol in Zhejiang are about 7600 yuan / ton. Internationally, on November 10, the isopropanol market in the United States closed stable and the isopropanol market in Europe closed stable.

In terms of raw acetone, the domestic acetone market price has been reduced. Up to now, the offer range in East China is 5700 yuan / ton, and there may still be room for negotiation. The terminal demand is poor, the participation of intermediate traders is low, the interest of shippers is increased, the inventory of petrochemical plants has increased, and there is pressure on shipment. The business community expects that the acetone market will be dominated by weak adjustment in the short term.

In terms of raw propylene, the price of propylene continued to decline weakly this week. As of Friday, the price of propylene in Shandong market was 7800-7900 yuan / ton. Propylene’s performance remained stable in the first half of the week, and the price was temporarily stable under the support of raw material cost. On Wednesday, due to the sharp decline of international oil price, the price of propylene accelerated to fall. At the same time, the overall downstream demand was general, and the demand support was insufficient. Propylene is expected to continue to fluctuate and decline in the near future.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that the focus of the domestic isopropanol market is downward. The prices of raw materials acetone and propylene have been lowered one after another, and the cost support is insufficient. At present, the trading atmosphere in the market is poor, the overall transaction is relatively cold, the confidence of the industry is insufficient, the wait-and-see mood in the downstream is obvious, there are few inquiries, and the shipment is slow. It is expected that the price of isopropanol will continue to tilt downward in the short term.