1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 28th, the reference average price of domestic urea market is 2175 yuan/ton, which is 1.18% lower than the reference average price of 2201 yuan/ton on October 21st.

2、 Market analysis

market conditions

The domestic urea market prices have remained stable after a slight decline this week. As of October 28th, the ex factory price of urea in Shandong region is around 1770-1800 yuan/ton, in Hebei region it is around 1830 yuan/ton, in Henan region it is around 1800 yuan/ton, and in Hubei region it is around 1850 yuan/ton.

Supply and demand situation

The supply and demand balance in the urea market this week. In terms of supply, the urea market has sufficient supply this week, and the production of enterprises has remained at a high level. In terms of demand, downstream purchases are made on demand, with a focus on essential needs and limited market transactions.

3、 Future forecast

The urea analyst from Shengyi Society believes that the urea market has remained stable in recent days, with no significant fluctuations in the market. At present, there is no positive news in the urea market. It is expected that the domestic urea market will experience a narrow range of price consolidation and operation in the short term.

This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of phthalic anhydride produced by phthalic anhydride was 7175 yuan/ton, a decrease of 1.54% from the price of 7287.50 yuan/ton on October 18th; Compared to October 1st, the price of phthalic anhydride at 7200 yuan/ton first rose and then fell, with a decrease of 0.35%. This week, the production of phthalic anhydride equipment has been stable, and the supply of phthalic anhydride is sufficient. However, the actual transactions in the phthalic anhydride market are limited, resulting in oversupply and significant downward pressure on phthalic anhydride prices. This week, the domestic price of ortho phthalic anhydride is 6900-7200 yuan/ton, while the price of industrial naphthalene is stabilizing. The cost of naphthalene phthalic anhydride has decreased, and the domestic price of naphthalene phthalic anhydride is 6700-7000 yuan/ton. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stabilizing, the price of industrial naphthalene is temporarily stable, and the cost support of naphthalene phthalic anhydride still exists. The overall price of phthalic anhydride has fluctuated and fallen.

Supply side: Adequate supply of goods

This week, the operating load of domestic phthalic anhydride plants has increased. 80% of the phthalic anhydride equipment in Tongling, Anhui has started construction; The 100000 ton phthalic anhydride plant of Xinyang Group is operating normally, and the phthalic anhydride equipment of Shandong Hongxin is starting up normally; Panjin Ruide Chemical’s phthalic anhydride equipment is operating at 80% load, while Shijiazhuang Bailong Chemical’s phthalic anhydride equipment is operating normally. Phthalic anhydride manufacturers have stable sources of goods and sufficient supply of phthalic anhydride.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of ortho benzene was 7100 yuan/ton, which is temporarily stable compared to the price of ortho benzene of 7100 yuan/ton on October 1st. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stable, and the downward pressure on ortho phthalic anhydride is weak.

Demand side: The DOP market has fluctuated and stabilized this week

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of plasticizer DOP was 9226.25 yuan/ton, which fluctuated and increased by 0.14% compared to the DOP price of 9213.75 yuan/ton on October 18th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.64% increase. The price of isooctanol is fluctuating and stabilizing, DOP costs are temporarily stable, DOP manufacturers have orders for sales, downstream demand and procurement are generally active, DOP manufacturers have stable high production levels, DOP supply is sufficient, supply and demand are relatively balanced, and the price of plasticizer DOP is fluctuating and stabilizing. Downstream demand is relatively stable, and phthalic anhydride is in urgent need of procurement. The enthusiasm for phthalic anhydride transactions is average.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of supply, phthalic anhydride manufacturers are operating at high loads, and the supply of phthalic anhydride is sufficient; In terms of demand, DOP manufacturers have stable production and phthalic anhydride is urgently needed for procurement. The expected increase in supply is greater than the increase in demand, and it is expected that the market for phthalic anhydride will fluctuate and decline in the future.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on October 21 was 883 yuan/ton, which is 3.28% lower than the average price of 913 yuan/ton on October 14.

2、 Market analysis

The price of ammonium sulfate in the domestic market has fallen this week. This week, the operating rate of ammonium sulfate enterprises has increased, and the market supply has increased. The downstream purchasing intention is not strong, the market inquiries have decreased, and there are many low-priced purchases, causing the market transaction center to continuously shift downwards. The demand for exports has weakened, and the market is running weakly. As of October 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 800 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 850-900 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been weak and declining recently, with the overall trend being mainly downward. At present, the market trading atmosphere is quiet, coupled with poor export market conditions. It is expected that the domestic ammonium sulfate market price will continue to operate weakly in the short term.

This week, the price of isooctanol stopped falling and remained stable

According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of isooctanol was 9200 yuan/ton, a decrease of 1.43% from the price of 9333.33 yuan/ton on October 11th last weekend; Compared to October 1st, the price of isooctanol at 8706.67 yuan/ton first rose and then fell, with an increase of 5.67%. After the holiday, the replenishment of isooctanol has ended, and the price of isooctanol has fallen from a high level. Demand support still exists, and the price of isooctanol has stabilized after stopping the decline.

Downstream plasticizer DOP prices stabilize after falling

According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of plasticizer DOP was 9213.75 yuan/ton, a decrease of 0.81% from the DOP price of 9288.75 yuan/ton on October 11th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.50% increase. Plasticizers will be replenished after the holiday, leading to an increase in demand for DOP and a rise in DOP prices. With the end of inventory replenishment and a decline in demand, the price of plasticizer DOP has fallen from a high level. But with the recovery of the economy and the support of demand for plasticizers and octanol, the demand for octanol still exists, and the price of octanol has stopped falling and stabilized.

Future expectations

According to the data analyst of Business Society’s octanol product, as the price of octanol rises to a high level, downstream customers’ resistance to high prices increases, market purchasing enthusiasm decreases, and coupled with the end of downstream customer inventory replenishment, octanol prices fall back from a high level; Positive policies continue to be implemented, economic expectations are expected to rebound, downstream customers are more proactive in receiving goods, and the price of octanol has stopped falling and stabilized. In the future, with favorable policies and a relatively warm sentiment in the octanol market, there is still support for octanol demand. Octanol manufacturers are starting to recover, and there is sufficient supply of isooctanol. The octanol market supply and demand are relatively balanced, and octanol prices are fluctuating and consolidating.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market has slightly increased this week. On Monday, the average price of isopropanol in China was 6710 yuan/ton, and on Friday it was 6760 yuan/ton. The price increased by 0.75% during the week.

The isopropanol market has slightly increased this week. At present, there are limited on-site inquiries, and the market trading atmosphere is still average. The trading focus is stabilizing, and there is a strong wait-and-see sentiment in the market. There is a strong demand for goods, and caution is exercised when placing actual orders. As of now, most of the isopropanol market prices in Shandong are around 6700-6800 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 7000 yuan/ton, while in the South China region, the price is around 7250 yuan/ton.

In terms of raw material acetone, the market price of acetone fluctuated slightly this week. The average price of acetone on Monday was 5865 yuan/ton, and on Friday it was 5885 yuan/ton. The price first rose and then fell, with a slight overall increase of 0.51%. Returning after the holiday, the trading atmosphere in the market is still good, and the mentality of holders of goods is not fluctuating much. The offers are adjusted according to the market, and the overall range is adjusted. The purchasing power of end-users is limited, and it is expected that the short-term acetone market will not fluctuate much.

In terms of propylene, the overall price of propylene market has increased this week. On Monday, the average domestic propylene price was 6513.25 yuan/ton, and on Friday, the average price was 6745.75 yuan/ton, with a price reduction of 3.57%. At present, the inventory of enterprises has decreased, and some manufacturers have a strong willingness to push up prices, with downstream demand being the main focus. It is expected that the market will strengthen and consolidate in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the price of isopropanol has slightly increased this week. The acetone market has fluctuated and risen, while the propylene market price has increased, and the cost support is still strong. After the holiday, downstream procurement enthusiasm is weak, with a focus on essential needs. It is expected that the isopropanol market will continue to fluctuate and consolidate in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic BDO market continued to weaken in September. From September 1st to 30th, the average price of BDO in China fell from 8171 yuan/ton to 7400 yuan/ton, with a price drop of 9.44% during the period and a year-on-year price drop of 33.25%.

Multiple sets of equipment maintenance, agent replacement, and load reduction have reduced the industry’s capacity utilization rate to just over 50%, resulting in a significant reduction in supply. After the BDO market price fell to a historical level, the industry suffered severe losses, and production enterprises focused on maintaining a stable market mentality. The overall downstream load of the terminal has increased, but after most factories restock at low prices, their short-term intention to purchase raw materials is not strong, and the domestic BDO market continues to be weak.

Supply side: In terms of equipment, 15 sets of BDO maintenance or replacement units will be installed in September, with a total production capacity of 1.714 million tons per year; Under the pressure of losses, some units were forced to shut down one after another. At the same time, some of the previously shut down units have not been restarted and new production capacity has not yet been put into operation, resulting in a significant decline in industry capacity utilization. The monthly BDO production has been reduced to the lowest point of the year, and the supply side has a certain advantage. The supplier’s price mentality has driven the contraction of the October cycle sales policy, limiting the market’s downward space. The supply side of BDO is affected by favorable factors.

On the cost side, raw material calcium carbide: As the holiday approaches, logistics pressure increases. Downstream stocking is active, but currently some enterprises have insufficient stocking, coupled with the instability of the supply side, the purchasing enthusiasm of various enterprises remains undiminished. The calcium carbide market continues to show positive news. In terms of methanol, the domestic methanol market was relatively strong in September, and the BDO cost deviated from the positive factors.

On the demand side, the main downstream PTMEG spandex industry chain has a relatively high monthly load, but other downstream loads are average, resulting in an overall reduction in raw material digestion. At the same time, most downstream industries have followed the resonance of raw materials downward, with profits in a loss state. They mainly follow up on the continuation of raw material contracts, and most of them carry out certain replenishment operations when raw material prices are low. Therefore, the intention to stock up before the National Day holiday is not strong, which suppresses the trend of raw materials. The demand side of BDO is affected by bearish factors.

In the future market forecast, there are plans to restart some facilities, and new production capacity is also expected to be put into operation in the near future, leading to an increase in market supply of goods. After the holiday, downstream storage and replenishment of essential goods are the main focus, and there is no significant breakthrough on the demand side. Business analyst BDO predicts that the domestic BDO market will continue to weaken and consolidate.

This week (9.19-9.29), the dichloromethane market showed a stable and upward trend. According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the average price of dichloromethane bulk water in Shandong Province was 2695 yuan/ton, with a weekly increase of 2.1%.

The dichloromethane market has experienced a stable, moderate, and slight upward trend, with a relatively optimistic trading atmosphere. The delivery process of enterprises in Shandong region is smooth, and the market performance is particularly impressive; Enterprises in the southern region, on the other hand, maintain a relatively stable but slightly calm state. As the holiday approaches, the inventory pressure of enterprises is relatively low. The market generally believes that the possibility of a significant adjustment in the price of dichloromethane before the holiday season is small, and buyers’ enthusiasm for continuing to stock up before the holiday is not high. As of September 29th, the ex factory price of mainstream dichloromethane in Shandong region is around 2670-2720 yuan/ton.

On the supply side, the load of the equipment has been reduced, and the production of methane chloride has slightly decreased.

In terms of raw materials: Recently, the upward movement of raw material prices has strongly supported the upward trend of dichloromethane market. The market for raw material methanol has stopped falling. According to the Commodity Market Analysis System of Shengyi Society, as of September 28th, the spot price of methanol was 2428.25 yuan/ton, an increase of 1.57% compared to September 19th. The overall supply of goods is abundant, but the growth rate on the demand side is relatively limited. The center of gravity of the liquid chlorine market has shifted upward, and the trading atmosphere in the market is still acceptable.

In terms of demand: Dichloromethane has a wide range of applications, and downstream refrigerant R32 was overused by air conditioning companies in the first half of the year, resulting in a continuous increase in demand. The quota policy has a significant impact on R32, with a market price of around 38000 yuan/ton. Procurement channels have not fallen back, and the market remains strong. Positive support for dichloromethane formation.

Business analysts believe that as the holiday approaches, the short-term price of dichloromethane will consolidate, supported by rising raw material prices. After the holiday, major factories will shut down for maintenance, and it is expected that the focus of the dichloromethane market will shift upward.

According to the Commodity Market Analysis System of Shengyi Society, the domestic polyester staple fiber market stabilized after a decline in September. As of September 27th, the average price of 1.4D * 38mm in mainstream factories in Jiangsu and Zhejiang was 7351 yuan/ton, a decrease of 2.65% from the beginning of the month.

On the supply side, the mainstream polyester staple fiber factories in the middle of the month experienced short shutdowns due to weather conditions, which tightened the liquidity of some brand sources and provided some support for prices. But currently, the maintenance and short stop devices for polyester staple fibers have been restarted, and the industry’s production has increased, leading to an increase in supply.

On the cost side, as of September 26th, the settlement price of the main contract for WTI crude oil futures in the United States was $67.67 per barrel, and the settlement price of the main contract for Brent crude oil futures was $71.09 per barrel. The crude oil market is more concerned about the fundamental situation, and factors such as the continued disturbance of the Middle East situation and strong expectations of inventory accumulation in the US consumer off-season market will have a narrow fluctuation in oil prices.

PTA followed the fluctuations of crude oil and was boosted by favorable factors such as macro reserve requirement ratio cuts and interest rate cuts, which boosted the commodity market. The recovery of macro atmosphere caused resonance in the general rise of the commodity market, and PTA prices began to rebound slightly in mid month. The processing profit in September has been compressed, and multiple PTA units in China have been repaired and reduced in load. However, PTA maintenance units have been restarted one after another, which has increased the expectation of loose supply. The domestic industry operating rate is around 81%, and it is not ruled out that there will be an increase in unplanned unit maintenance in October.

On the demand side, downstream has entered the traditional peak season cycle, but due to the lack of significant increase in terminal orders, the main focus is on essential procurement. Some downstream enterprises believe that the price of polyester staple fibers has temporarily bottomed out, so their restocking sentiment has improved and they are actively inquiring and purchasing. However, overall, there has been no significant improvement in demand.

Business analysts believe that the warm cost adjustment has a strong driving force on the price of polyester staple fiber, and there is no sign of improvement in terminal orders. Downstream demand may maintain rigid procurement, and the demand side is still exhausted, which is not enough to support the continuous rise of polyester staple fiber prices.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price trend of anhydrous hydrofluoric acid remained stable in September. As of September 26th, the benchmark price of Shengyi Society’s hydrofluoric acid (export) was 12733.33 yuan/ton, a decrease of -1.04% compared to the beginning of this month (12866.67 yuan/ton).

Raw material side: The price of raw material sulfuric acid has weakened and declined. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, the national department will carry out renovation of fluorite mines in the near future, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. In addition, the high temperature and rainy weather in the southern region have increased the difficulty of operating fluorite mines, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the decline in fluorite prices is somewhat restricted. Some domestic enterprises’ facilities for hydrofluoric acid are still shut down and waiting for the market, resulting in limited release of hydrofluoric acid production, low industry profits, and increased losses. According to the monitoring system of Shengyi Society, as of September 26th, the benchmark price of sulfuric acid in Shengyi Society was 342.50 yuan/ton, a decrease of -14.37% compared to the beginning of this month (400.00 yuan/ton).

On the demand side: The downstream refrigerant market production demand is weakening, and air conditioning companies are entering the annual maintenance season. In addition, with the recent continuous rainy weather, refrigerant companies have poor stocking conditions and are not actively purchasing upstream products. Price cutting procurement, urgent need for replenishment.

Market forecast: Upstream sulfuric acid prices are expected to decline in the near future. The downstream refrigerant industry has entered the off-season with weak demand, which has weakened the enthusiasm for purchasing hydrofluoric acid. It is expected that the price of hydrofluoric acid will remain weak and stable in the later period.

Product Name: Pure Benzene

Latest price: On September 24th, the average market price was 8304.67 yuan/ton.

Analysis: Today, domestic pure benzene prices continue to decline, and the atmosphere of on-site negotiations is currently average. International crude oil futures closed down, mainly due to destocking of port inventory, but there is a high accumulation of inventory in the future, and the market mentality is unstable. Shandong local refineries continue to offer discounts to promote spot sales. Prediction: It is expected that the pure benzene market will continue to operate weakly in the short term.