I. price trend chart of nitric acid Market

Nitric acid price curve

(photo source: Commodity analysis system of Business Club)

According to the monitoring of the business agency, the average price of nitric acid in East China last week was 1766 yuan / ton, while that in East China on October 28 was 1750 yuan / ton, down 0.94%.

II. Market analysis

Product: the price of concentrated nitric acid continued to fall. On October 28, Jiangsu Hongze Yinzhu Chemical Co., Ltd. offered 1600 yuan / ton, which was stable; Anhui Jinhe offered 1650 yuan / ton, which was 50 yuan / ton lower than last week’s offer. The market performance of nitric acid is still poor, the weak quotation of manufacturers tends to stabilize, and the prices of some manufacturers are slightly reduced.

Industrial chain: liquid ammonia, the raw material of the upstream of nitric acid, is mainly stable in the domestic liquid ammonia market according to the monitoring of the business association. The average market price of liquid ammonia was 3150 yuan / ton in the week of the 21st, and the manufacturer reported stability.

III. future forecast

The terminal demand of nitric acid market is still weak. According to the nitric acid analysts of the business association, the nitric acid market will still fluctuate in a narrow range.

I. price trend

According to the data monitored by the business association, as of October 25, the quotation range of domestic top-grade DMF enterprises is 5500-5700 yuan / ton, the quotation of manufacturers on October 21 is 5600 yuan / ton, the quotation of manufacturers on October 25 is 5500 yuan / ton, with an overall decline of 1.79%, and the DMF market is slightly down.

II. Market analysis

Products: domestic DMF market weak consolidation. It is reported that new products will be produced today after the restart of the plant in Shandong Province, and more attention will be paid to the new quotation. Other plants are stable and the inventory consumption is slow. The downstream market demand is reduced, some factories still keep a wait-and-see attitude, waiting for the market to further clarify, the domestic DMF market is weak, and pay attention to the new market guidance. As of October 21, Shandong Hualu Hengsheng dmf5700 yuan / ton, Henan Junhua dmf5500 yuan / ton, Zhejiang Jiangshan chemical dmf5400 yuan / ton, Anyang Jiutian dmf5400 yuan / ton, Yanchang Xinghua dmf5350 yuan / ton, Shandong Jinmei daily and monthly dmf5300 yuan / ton.

III. Market Analysis

Products: Jiangsu and Zhejiang regions maintain rigid procurement, South China region has light trading and investment, the enthusiasm of the industry to enter the market is not good, waiting for the price to fall to the psychological level, the overall demand side shrinks, and the market situation remains stagnant.

IV. future forecast

According to DMF analysts of business agency, in the short term, DMF price consolidation and operation are the main factors, while the long-term market still needs to wait and see.

I. price trend

According to the data of the business club’s large scale list, the polysilicon market did not continue to rise two weeks after the festival. At present, the market supply and demand are balanced, and the price is back to stability. The bottom rebound is temporarily over. Although the price has not broken through again, the market is still relatively rigid. As of October 18, the average price quoted by domestic enterprises is 63000-67000 yuan / ton, and the current price is about 25% lower than that of last year. At present, the domestic single crystal is still stable, the price range of compact material is 7300-760 million yuan / ton, and the price difference of single polycrystal is further narrowed.

II. Market analysis

In the middle of October, the domestic polysilicon market has been in stable operation. After experiencing the slow bull market of “Jinjiu”, the market has entered a stable period at present, with fair supply and demand. On the one hand, the market has sufficient supply and low maintenance rate of large factories, but the inventory pressure of manufacturers is not large. At present, 15 domestic production enterprises are in normal production, and the signing rate of municipal manufacturers is also high. In October The orders of the manufacturers have been exhausted. Most of the manufacturers have signed until November. Recently, there is news in the market that Daquan new energy and Jingke have signed a two-year polysilicon supply agreement. According to the terms of the supply agreement, Daquan new energy will supply 12000 to 14400 tons of polysilicon and 15600 to 21600 tons of polysilicon to Jingke energy in 2020 and 2021, with monthly pricing. Overall, the overall market supply pressure is not big. On the other hand, the cornerstone of stable market supply also relies on the moderate growth of downstream demand. After entering October, downstream demand continues to warm up, and the operating rate of battery manufacturers generally increases compared with that in September. In addition, the capacity expansion and centralized release of downstream silicon rod and silicon wafer increase the demand for polysilicon. At the same time, the new capacity release of domestic polysilicon material ensures the same demand and supply. Step growth. In addition, the price of imported goods has been raised, but influenced by the recent strengthening of RMB exchange rate, the price of RMB converted from import volume denominated in US dollar has remained stable.

In the future, business analysts believe that at present, the polysilicon market is stable, driven by the traditional peak season factor of “silver ten”, and also benefited from the situation of booming market supply and demand. At present, the supply side inventory is not much, and the market can maintain normal purchasing behavior. In the late October, if there is a sudden overhaul of the enterprise, the price is expected to rise, but at the same time We should continue to pay close attention to the downstream operating rate. It is expected that there will be little change in the near future, and the polysilicon market will still be strong for some time.

I. price trend

Market analysis of potash products

(photo source: Commodity analysis system of Business Club)

According to the data monitored by the business agency, the price of potash fluctuated and consolidated this week. The average factory price of light potash in China was 6425.00 yuan / ton, including tax. The current price dropped 7.05% year on year.

II. Analysis of influencing factors

Product: this week, the market of potassium carbonate was in shock and consolidation. Affected by the National Day holiday, the market of potassium carbonate was not running well, and the trading atmosphere was cold. At the same time, the demand side was weak, resulting in the consolidation of the price of potassium nitrate. The actual turnover of the market is relatively general, while the plant operating rate of the manufacturer is at a low level, the overall inventory is at a low level, the purchasing market momentum is general, and the domestic potassium carbonate market is volatile and consolidated. According to the statistics of the business agency: in October, the main quotation range of domestic industrial potassium carbonate is about 6300-6600 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

III. future forecast

Potash analysts of the business association believe that this week’s potash market is volatile and consolidation. The October of the golden nine silver ten has passed by half, but potash market still hasn’t improved. In the short term, potash prices may be mainly consolidation, and the long-term market still needs to wait and see.

I. price trend

According to the data of the business club’s large list, last week (10.14-18) the domestic adipic acid market was slightly lower than that of the previous week, and the dealers’ quotation was mainly reduced. The market price was reduced to 50-100 yuan / ton, with a decline percentage of 0.21%. As of the end of the week, the quotation is generally 8300-8450 yuan / ton.

II. Analysis and comment

Last week, the adipic acid market continued to maintain a weak market after the festival. Last week, the market did not improve. The traditional peak season of “silver ten” was completely blown out in the middle and late ten days. At present, most regions of the country maintain stability, and some of them have declined. Most dealers have successively reduced their quotations by about 100 yuan / ton. The markets in East China and South China have declined. The market atmosphere is slightly bleak, and dealers are active. Goods oriented, the market maintains a weak and volatile pattern. At present, the downstream market has a heavy wait-and-see mentality, the transaction is slightly stalemate, and there is room for businesses to save and transfer profits.

In terms of supply, affected by the downturn of downstream purchase orders, the market supply only keeps increasing, and many dealers say that the inventory pressure is large, the plant operation rate of manufacturers is high, the market inventory and the manufacturer’s inventory have increased, and the market has staged stock up behavior at the end of September, and now the downstream procurement is still rational. Affected by this, the stock taking in the middle of the month slightly slows down. Among them, there are also relatively low-cost sources flooding the market. There is a certain bargaining space for products, and the price difference between the market price offer and the firm offer remains. Dealers in North China, East China and South China adjust their quotations to varying degrees, and most regions maintain a stable market.

In terms of demand, the downstream demand has not improved significantly. The traditional “silver ten” market did not arrive on schedule this year. The downstream operating rate is still slightly insufficient. The operating rate is basically above 50%, which does not form a strong boost to the upstream adipic acid. In terms of cost, the upstream pure benzene market is still sluggish, and the downward trend is more and more clear. From the 8th to the 18th of October after the festival, according to business. According to social monitoring, the decline rate of pure benzene has reached 6.13%, which undoubtedly brings more cost negative to adipic acid market. At the same time, adipic acid manufacturers also have a certain space to make profit shipment possible. The market has gradually returned to plain, and the market has entered the inventory elimination cycle. According to the monitoring of the business agency, the reference price in the East China market is about 8300-8450 yuan / ton, and the quotation in South China is generally 8400-8500 yuan / ton.

III. future forecast

According to adipic acid analyst of business and chemical branch, adipic acid is still sluggish and not getting better in the near future. At the same time, the whole chemical industry is also in a downward cycle. According to the Statistics Bureau, PPI fell 1.2% year on year in September, and the industry’s negative also covers the adipic acid industry chain. In addition, the lack of downstream demand is still the decisive factor for adipic acid to get out of the haze. Adipic acid market is expected to remain weak in the short term.

I. price trend

According to the data of the business club’s large scale list, this week’s decline of pure benzene continued last week. On Friday, the price of pure benzene fell at 5300-5750 yuan / ton, while on Friday, the price of pure benzene fell at 5000-5600 yuan / ton, or 3.06%.

II. Analysis and comment

1. Products: this week, the pure benzene market has a strong bearish atmosphere. The coking industry continues to break new lows. In addition, some downstream maintenance in East China and North China has greatly reduced the demand, and the pure benzene market continues to decline.

2. Crude oil: the overall international oil price rose first and then fell this week, with great volatility. Oil prices rose sharply last week as Iranian oil tankers attacked. In the later period, the International Monetary Fund lowered its economic growth expectations and the increase of us oil product storage, which increased market worries and led to a sharp drop in oil prices. WTI was down 0.35% and Brent was up 0.54% compared with last Friday (October 11).

3. Related industries: this week, the downstream styrene continued to decline, down 5.86% week-on-week, with a large negative impact, and the pure benzene market is difficult to recover; this week, aniline rose slightly due to the preparation of shipping, with a small impact on pure benzene.

4. External market: the price of pure benzene in the external market continued to decline this week, and rose slightly on Friday, which was negative for the pure benzene market.

III. future forecast

1. Crude oil: next week, the oil price will continue to consolidate at a low level, with a heavy bearish atmosphere in the market.

2. Domestic market: at present, there are many overhauls and weak demand in the North China market; some downstream devices are overhauled and weak market support; in addition, the styrene in the downstream has a large decline and the market mentality is short. However, pure benzene fell sharply for two weeks in a row, and the market dare not blindly catch up.

Overall, it is expected that the trend of pure benzene will continue to be weak next week, or continue to decline but not much.

I. price trend

According to the price monitoring of the business agency, the ex factory price of R134a refrigerant in China fell this week. On October 8, the average ex factory price of the mainstream manufacturers was 24333.33 yuan / ton, and on the weekend (12 days), the average price was 23833.33 yuan / ton, down 2.059% in the week, down 18.75% compared with the same period last year.

II. Market analysis

Products: the market price of R134a in the refrigerant market has declined significantly this week, the price of hydrofluoric acid in the upstream has declined, and the cost support for the refrigerant is insufficient. The major air conditioning manufacturers have stepped out of the maintenance period, but the demand has not improved significantly. At present, the start-up of R134a manufacturers is low, the production is based on sales, the terminal demand is not high, the inventory of major air conditioning manufacturers is still sufficient, and the automobile industry is weak. Buying gas is flat, which is bad for refrigerant R134a. As of October 12, R134a of Zhejiang Juhua Co., Ltd. has quoted 26000 yuan / ton, R134a of Quzhou Jiuzhou Chemical Co., Ltd. has quoted 22500 yuan / ton, R134a of Zhejiang lengwang technology has quoted 23000 yuan / ton, R134a of Yuemei Chemical Co., Ltd. has quoted 25000 yuan / ton, R134a of Longxun trade has quoted 23500 yuan / ton, and R134a of Yumei Chemical Co., Ltd. has quoted 27000 yuan / ton.

Industry chain: the mainstream price of upstream products of domestic anhydrous hydrofluoric acid manufacturers is 9500-10000 yuan / ton, and the factory price of some manufacturers in the field remains low. The domestic hydrofluoric acid manufacturers have a general operating rate, and the supply of goods in the field is sufficient, and the market price trend in the field is temporarily stable. The price of domestic trichloromethane of upstream products continued to decline, and the supply of the industry was relatively stable. Downstream major air-conditioning manufacturers have stepped out of the maintenance period one after another, the output of the automobile industry is flat, the demand for refrigerant R134a is not high, and there is no good support.

Industry: according to the price monitoring of the business agency, in the 40th week of 2019 (10.7-10.11), there are 0 rising commodities, 2 falling commodities, and 3 rising and falling commodities. The main commodities falling were hydrofluoric acid (- 2.69%) and aluminum fluoride (- 1.64%). Average gains and losses this week were -0.87%.

III. future forecast

According to the refrigerant analyst of the business club, the raw material end of refrigerant R134a is weak and the terminal demand is not high. At present, there is no obvious positive support. It is expected that the price of refrigerant R134a will be weak and consolidated in the short term.

Price Trend

Business Club: MTBE market prices fell this week (Oct. 8-Oct. 12)

According to data from business associations, MTBE’s price this weekend was 5567 yuan/ton, down 4.57% from the previous week’s price.

II. Market Analysis

Products: Domestic gasoline prices fell this week, and after National Day, gasoline market bearish sentiment is strong, demand weakened, market turnover is light, alkylated oil, MTBE prices fell as a whole.

Industry Chain: This week, oil prices in the international crude oil market are generally weak. A new round of price adjustment of finished products is expected to be reduced by about 200 yuan/ton. The gasoline market is depressed, the replenishment operation is not active, and the market price is slightly down by 0.98%.

MTBE market: International oil prices are in a downward trend this week, market bearish sentiment has been increasing, and the gasoline market around the National Day did not appear a large number of replenishment operations, middleman raw material procurement just needs to perform relatively low, MTBE manufacturers shipment difficult. Alkylated oil prices were relatively strong in the early days of the National Day, but returned to the market after the festival, crude oil did not improve, downstream demand wait-and-see mood increased, and the price of alkylated oil showed a small yield.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that the international crude oil market is still not optimistic next week. It is likely that the international crude oil market will be vulnerable to shocks, and the gasoline market is not well supported in substance. It is expected that MTBE market prices will continue to decline.

According to statistics, domestic hydrofluoric acid prices continued to decline this week, ending the weekend at 9 780 yuan/ton, down 2.69% from 10 050 yuan/ton at the beginning of the week and 24.58% from the same period last year.

Products: Hydrofluoric acid prices continued to decline this week, the recent market situation is poor, the downstream refrigerant industry start-up rate remains low, the domestic market demand for hydrofluoric acid is limited, coupled with the domestic hydrofluoric acid plant to maintain a high start-up rate, domestic spot supply is sufficient, some manufacturers continue to reduce factory prices, until the weekend, hydrofluoric acid in the southern region to discuss the mainstream. For 9000-9500 yuan/ton, the price of hydrofluoric acid in the northern market is 9000-10000 yuan/ton. Recently, the domestic market price of hydrofluoric acid has fallen, the demand of the downstream refrigerant industry is poor, the supply of hydrofluoric acid manufacturers is not good, and the market price trend is declining. By the end of the weekend, the mainstream of domestic negotiations on hydrofluoric acid in Fujian was around 9000-9500 yuan/ton, the price of hydrofluoric acid in Shandong was between 9000-10000 yuan/ton, the price of hydrofluoric acid in Jiangxi was between 9000-9500 yuan/ton, the price of hydrofluoric acid in Inner Mongolia was between 9000-10000 yuan/ton, and the price trend of hydrofluoric acid market continued to decline.

Industry chain: This week, the price of fluorite in the upstream of hydrofluoric acid remained low. The factory price of fluorite was 2866.67 yuan/ton by the end of the week. Domestic fluorite supply was normal, but the price of fluorite was weak. Low upstream cost price had a negative impact on the hydrofluoric acid market. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce start-up load, market supply capacity is normal, inventory pressure still exists. On the demand side, the downstream air conditioning manufacturers’overhaul, the demand has only decreased but not increased, and the price of domestic large enterprises is 12,000-14,000 yuan per ton. The domestic market price trend of R134a maintained a low level, the plant start-up rate of production enterprises maintained a low level, the market demand for refrigerants decreased, and manufacturers mainly exported their products. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined, hydrofluoric acid market prices declined. However, on-site transaction prices are lower, merchants purchase on demand. Recently, due to the normal supply of goods and poor downstream demand, the price trend of hydrofluoric acid market continues to decline. Aluminum fluoride prices of downstream products have been declining recently, with a drop of 1.62% over the weekend of 10,000 yuan/ton. Recently, the market price of hydrofluoric acid has been declining due to the poor market.

Industry: This week, the spot supply of raw materials fluorite and hydrofluoric acid in the upstream market is normal, and the trading market of refrigerant industry in the downstream market is poor, and the market price of hydrofluoric acid is declining.

Recent domestic refrigerant plant start-up rate has maintained a low level, the market demand for hydrofluoric acid has decreased, the spot supply of hydrofluoric acid is normal, and the raw material market price has always been at a low level, but hydrofluoric acid manufacturers reflect a serious loss, business community hydrofluoric acid analyst Chen Ling believes that the market price of hydrofluoric acid will maintain a low level next week, the price will maintain 9750 yuan/ton left. Right.

Price data

According to the data of business associations, the price of sulphur market in East China maintained a steady trend this week. The average price of granular sulphur was 580.00 yuan per ton during the week, which was stable compared with last weekend and 55.42% lower than that of last year. On September 29, the sulphur commodity index was 31.82, which was the same as yesterday, hitting a new low in the cycle, down 69.36% from the peak of 103.84 on November 02, 2011. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: The domestic sulphur market is running steadily this week, and refineries in East China continue to decline in the week according to their own shipments. As of 27 days, the mainstream price of sulfur in Sinopec Sinopec area was about 580 yuan / ton, the mainstream price of liquid sulfur was 490-570 yuan / ton, the mainstream sulfur price in North China was 480-530 yuan / ton, the mainstream price of liquid sulfur was 450-490 yuan / ton, the price of solid liquid sulfur was stable, the mainstream price of solid sulfur in East China was 600-670 yuan / ton, and the mainstream price of liquid sulfur was 520-620 yuan / ton. That’s 20-50 yuan/ton lower than last week’s price.

Industry chain: the Shandong market in the downstream sulphuric acid market is temporarily stable this week, and the price is 216.67 yuan / ton within the week, down 56.88% compared with the same period last year. This week, the main manufacturers of sulfuric acid in the region are temporarily stable, with less factory stocks and less downstream demand. The downstream acid market has weak positive support, and it is expected that the market price will still fall.

Industry: At present, the domestic sulphur market demand is quiet, terminal purchasing on demand, strong market wait-and-see atmosphere, cold negotiation atmosphere, pre-festival refineries in all regions to maintain low inventory operation.

3. Future Market Forecast

Sulfur analysts at the business think that at present, there is no guidance on the sulphur market, and the enthusiasm of the traders is weak. The operators are cautious and wait and see.