1、 Price trend

According to the data of business club’s block list, the price trend of cryolite market in December was stable, and the average market price at the end of the month was 5800 yuan / ton, down 2.79% compared with the same period last year.

2、 Market analysis

This month, the market of cryolite in Henan Province was weak and stable, the downstream demand was general, and the quotation of enterprises was stable. Most of the cryolite were sold by order, and the market transaction was fair. At present, the annual output of cryolite of Zhengzhou Zerun energy and Chemical Co., Ltd. is 10000 tons, and the plant is running normally; the cryolite of Jiaozuo mingminli Industrial Co., Ltd. is currently in full load production, and the start-up is normal; the annual output of cryolite of Zhengzhou Tianrui Crystal Technology Co., Ltd. is 30000 tons / year, and about 70% of the plant is now in operation. As of the 31st, the ex factory price of cryolite in Henan is 5000-6200 yuan / ton, and the ex factory quotation is 5500-6800 yuan / ton. The actual transaction price is flexible, and the specific price is mainly based on negotiation.

On the upstream side, the domestic fluorite market price continued to rise. At the end of the month, the average domestic fluorite price was 2718.89 yuan / ton, up 3.91% in the month. The start-up of domestic fluorite plants has declined, the fluorite supply on the site is slightly tight, and the market price rises slightly. It is expected that the fluorite market will rise slightly in the future. In terms of downstream electrolytic aluminum, the social inventory continues to move down, the domestic demand is strong, the manufacturing industry is steadily rising, the downstream consumption is rising, the supply and demand factors support the strong upward of aluminum price, and it is expected that the market will fluctuate in the future.

3、 Future forecast

At present, the cryolite market is in sufficient stock, the downstream demand generally has no obvious improvement, and the market transaction remains stable. It is expected that the short-term cryolite market will be stable temporarily.

1、 Trend analysis

In 2020, the domestic nickel market will fall first and then rise. According to the data monitoring of business society, the nickel price will be 113733.33 yuan / ton at the beginning of 2020, and will rise to 130700 yuan / ton at the end of 2020, with an increase of 14.92%. Looking at the trend of nickel in the whole year, the nickel price first fell to the lowest price of 92050 yuan / ton on April 2, and then rose to the highest price of 132750 yuan / ton on December 14, with an amplitude of 44.21%.

According to the comparison chart of nickel current period of business cooperatives, the trend of nickel current period in 2020 is basically the same, and the futures price is very close to the spot price. Near the end of the year, the spread expands and the main basis is positive, which is bad for buying hedging.

2、 Market analysis

From January to early April, due to the impact of the epidemic situation, domestic production and resumption of work were slow, and enterprises almost stagnated. In particular, the demand of downstream civilian areas of terminals was obviously affected by the epidemic situation of coronavirus infection, including stainless steel products (construction, decoration, tableware, equipment), electroplating (cars and bathrooms), batteries (cars, 3C digital), which led to repeated nickel prices fall.

Nickel prices rose sharply (early April to December): at the beginning of April, with the resumption of production by domestic enterprises, nickel mines in the Philippines decreased, the decrease in supply was more clear than that in the earlier period, and the demand increased. Nickel prices began to rise slowly. Due to the epidemic situation, several major mining areas in the Philippines were closed down gradually, and the shipment ban was delayed from the initial April 18 to the end of April. Later, the blockade was extended to August 18 again. As China’s largest nickel exporter, the Philippines continued to rise due to the decline of nickel supply. In December, Indonesia’s ore price rose and the Philippines’ mine delivery dropped seasonally. In addition, the recent frequent support policies for new energy around the world, the market’s enthusiasm for nickel for new energy rose again, and the nickel price rose to the highest price of the whole year.

Import and export of nickel in 2010-2020

From 2010 to 2013, the net import of nickel increased year by year, and from 2013 to 2020, the net import of nickel decreased year by year. In November 2020, China imported 12873 tons of refined nickel (unwrought and rolled non alloy nickel and other unwrought and rolled non alloy nickel with total nickel and cobalt content ≥ 99.99% and cobalt content ≤ 0.005%), with a month on month growth of 53% and a year-on-year growth of 80.38%. Among them, the proportion of other unwrought alloy nickel was 91.25%, accounting for 11747 tons, an increase of 4095 tons compared with October; while the proportion of unwrought non alloy nickel with total nickel and cobalt content ≥ 99.99% and cobalt ≤ 0.005% was about 1126.9 tons, an increase of 365 tons compared with October. In 2020, the annual import volume of nickel is estimated to be 129700 tons, and the export volume is 19600 tons.

Global nickel and China’s nickel production in 2010-2020

Compared with 2018 and 2019, global nickel production in 2020 will decrease slightly, while China’s nickel production will increase slightly. From January to October 2020, the global output of refined nickel is 1.9586 million tons, and the demand is 1.8949 million tons. In November 2020, China’s Refined Nickel output was 13667 tons, with a month on month increase of 10.7% and a year-on-year decrease of 6.9%. From January to November 2020, China will produce 150500 tons of refined nickel, an increase of 2.9% year on year. The annual output is expected to reach 164000 tons, an increase of 1.2% year on year.

Apparent consumption of nickel in 2010-2020

The apparent consumption of nickel in China from January to October 2020 is 2368200 tons, which is lower than that in 2019.

Downstream consumption

The consumption of nickel mainly depends on stainless steel. 80% of nickel in China is used for forging stainless steel. In 2020, the consumption of primary nickel is expected to reach 1.4 million tons, an increase of 11.1% year on year. In the next few years, the growth rate of nickel driven by new energy is expected to be only 8%.

Trend of downstream stainless steel

According to the price monitoring of the business society, the price of stainless steel at the beginning of the year was 133663.67 yuan / ton, and it dropped slightly by 1.12% to 13216.67 yuan / ton at the end of the year. The lowest price of the year was 11491.67 yuan / ton on March 30, and the highest price was 13808.33 yuan / ton on September 7, with an amplitude of 20.15%. According to the price comparison chart of the business community, before October 15, the price trend of stainless steel and nickel was basically the same. After that, the price of nickel and stainless steel deviated. The main reason was that the Philippine mining area entered the rainy season in November, which intensified the tension of nickel supply. Combined with Indonesia’s export ban policy, the nickel raw material end was tight, and the nickel price soared sharply. However, due to the weak downstream demand and high inventory of stainless steel, it has not been pulled up for a long time.

The “head effect” of China’s new energy vehicle industry appears

Since last year, China’s new energy vehicle production and sales have declined due to the overall downturn of the automobile industry, the decline of subsidy policy, and the advance overdraft of shared travel and other operating vehicle markets, which has hindered the development of the industry. However, driven by a number of “leading enterprises”, the production and sales of new energy vehicles are back on the fast track. In September, the sales of new energy vehicles across the country increased by 67.7% year-on-year. Industry insiders said that the new energy vehicle industry is turning to a “self growth” stage driven by technology upgrading and industrial chain improvement.

To sum up, in 2020, nickel was first suppressed and then increased. In the first quarter, it fell to the lowest price due to the epidemic situation, and then rose sharply due to the supply shortage. According to statistics, the import and export volume, output and apparent consumption of nickel in 2020 have decreased to varying degrees, so the overall performance is not as good as that in 2019. Indonesia’s ore ban policy will not change in the short term, while the nickel mine in the Philippines is limited by the rainy season. Therefore, the supply of nickel mine is expected to be stretched before the second quarter, and the port inventory is also low. It is expected that the tense situation of nickel in 2021 will continue from the first quarter to the second quarter, but there are still a large number of new production capacity expected to be put into operation in the downstream stainless steel industry. The new energy vehicle market is expected to be better, and it will remain stable in 2021 However, the overall center of gravity may be higher than that in 2020, and the price range is 120000-150000 yuan / ton.

1、 Price trend

According to the data of business news agency’s block list, the price trend of cryolite market was stable this week. The average price of Henan market at the weekend was 5800 yuan / ton, which was stable within the week, down 2.79% compared with the same period last year.

2、 Market analysis

The price trend of domestic cryolite was stable this week. As of the 27th, the ex factory price of cryolite in Shandong was 5500-6800 yuan / ton, while that in Henan was 5000-6200 yuan / ton, unchanged from last week. In terms of plant conditions of domestic enterprises, Zhengzhou Tianrui grain Co., Ltd. has a capacity of 30000 tons / year, and about 70% of the plant has started operation. Jiaozuo Minli Industrial Co., Ltd. has a normal load and starts operation. Zibo Kunyu industry and Trade Co., Ltd. has an annual capacity of 40000 tons of cryolite, and the plant is in normal operation. At present, the cryolite market is in sufficient stock, the downstream demand is general, and the enterprises are mostly single talking, and the transaction is fair.

On the upstream side, the domestic fluorite market has been running smoothly, the start-up of manufacturers’ equipment has declined, the supply of goods in the yard is tight, the demand in the downstream is insufficient, and the delivery of goods is general. In terms of downstream electrolytic aluminum, this week’s price trend showed a “V” type operation, with prices falling first and then rising, and the overall price fell by 1.33% within the week. At present, the social inventory of electrolytic aluminum continues to move down, the market demand is acceptable, and it is expected that the market will remain volatile in the later period.

3、 Future forecast

This week, the domestic cryolite manufacturers started work normally, the market supply was sufficient, the downstream electrolytic aluminum industry was insufficient to support the cryolite industry, the demand did not fluctuate significantly, the market transactions were general, the short-term cryolite market continued to run weakly and stably, and the specific attention was paid to the market demand.

1、 Price trend

According to the data of the business club’s block list, the domestic xylene market price showed a downward trend this week. Xylene price was 4060 yuan / ton on December 20, and 3954 yuan / ton on this Sunday (December 27), down 104 yuan / ton or 2.61% compared with last week.

2、 Analysis and comment

During the week, Sinopec’s xylene prices in East and central China were reduced by about 150 yuan / ton, while those in South and North China were reduced by 100 yuan / ton. Xylene inventory in East China ports this week was about 88700 tons, a month on month decrease of 18000 tons. During the week, crude oil fell due to bad news, which led to the weakness of xylene external market, while the domestic xylene market fell. Downstream PTA, PX, ox and other weak demand; this week’s gasoline price volatility, weak market atmosphere. Xylene holders are reluctant to sell at low prices and wait and see the price trend of crude oil and refined oil.

In terms of crude oil, a more infectious new crown mutant virus was found in the UK last weekend. Most cities in the UK implemented strict City closure measures. The market worried that the demand for crude oil would be frustrated again, and crude oil fell due to bad news. Friday is the Christmas holiday, crude oil information is not available. Compared with December 18, Brent fell $1.575/barrel, or 3.03%; WTI fell $1.01/barrel, or 2.05%. Compared with December 31, 2019, Brent decreased by 24.52% and WTI decreased by 20.64%.

Downstream, in the PX market, the domestic PX price was stable this week, and the listed price of Sinopec’s enterprises was about 4300 yuan / ton, down 35.82% year on year. PX market based on demand procurement, price stability. As of December 24, the closing prices of p-xylene market in Asia were US $601-591 / T FOB Korea and US $619-621 / T CFR China.

In terms of PTA market, the price of PTA in East China rose after falling this week. Compared with last week, the overall price of PTA fell by 25 yuan / ton, or 0.68%, down 25.87% year on year. PTA due to limited maintenance efforts, supply is high, as of December 24, PTA industry operating rate in the vicinity of 85%. In terms of inventory, the downstream polyester started, but it was difficult to further improve due to the “double 11″ and the basic end of Christmas orders, which led to a substantial accumulation of domestic PTA inventory again.

In the ox market, ox prices fell sharply this week. The price of ox in East China was 5000 yuan / ton, down 500 yuan / ton or 9.09% from last week. The cost of o-benzene is weak, and the rising power is insufficient; the price of downstream phthalic anhydride plummeted in December, which is bad for o-benzene market, and the demand for o-benzene decreased, and the insufficient demand dragged down the price of o-benzene plummeting. In the future, the good news of o-benzene market weakened and the bad news increased.

3、 Future forecast

Xylene analysts of business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil wells, weekly EIA and API inventory data. Second, on the demand side, the impact of the worsening global epidemic on crude oil demand, the progress of industrial chain recovery, the economic and trade situation in Europe and the United States, and the progress of economic recovery and rescue plan. Third, look at the geopolitical situation in the Middle East and China and the United States, the progress of new crown vaccine research and development, the dollar index and stock market linkage.

Friday is Christmas, crude oil market demand is expected to decline, coupled with uncertainty in the crude oil market, toluene is expected to be weak next Tuesday. The downstream demand is weak, xylene price has great resistance to break through upward, and focus on the trend of gasoline price.

1、 Nitric acid market price trend chart

Nitric acid price curve

According to the monitoring of business news agency, the average price of nitric acid in domestic areas was 2066 yuan / ton at the beginning of this week, and 2050 yuan / ton at the weekend, down 0.81%.

2、 Market analysis

Anhui Jinhe quoted 2000 yuan / ton, down 50 yuan / ton compared with last week; Shandong helitai Chemical Co., Ltd. quoted 2200 yuan / ton, flat compared with last week; Huainan Aodeli chemical products Sales Co., Ltd. quoted 2030 yuan / ton of concentrated nitric acid, down 50 yuan / ton compared with last week; Shaanxi Xinghua Chemical quoted 1950 yuan / ton; Wenshui Synthetic Chemical Co., Ltd. quoted 19 yuan / ton of concentrated nitric acid The price of dilute nitric acid is 810 yuan / ton, and that of concentrated nitric acid is the same as last week. Nitric acid market is slowing down, and some areas are adjusting down.

According to the monitoring of business society, the average price of upstream liquid ammonia at the beginning of this week was 3233 yuan / ton, and that at the end of this week was 3290 yuan / ton, up 1.75%; the average price of downstream aniline was temporarily stable this week, with an average price of 7733 yuan / ton; the average price of downstream TDI was temporarily stable this week.

3、 Future forecast

Upstream liquid ammonia support, business community nitric acid analysts expect, nitric acid price decline space is limited.

Price trend

According to the monitoring of the business agency, the domestic caprolactam market will fall sharply in 2020, and it will return to the price level at the beginning of the year, and the overall performance will be weak. As of December 22, the average offer price of caprolactam sample enterprises was 11300 yuan / ton, only 3.04% higher than the average price level at the beginning of the year. This year, almost all industries have been impacted to varying degrees, such as global health events, anti globalization trade war, and the game between crude oil producing areas, etc., which may be unbearable in 2020, but is there any imbalance in caprolactam industry itself. Business agency analysts take you back to the domestic caprolactam market this year.

Cause analysis

In the beginning of 2020, the situation in the Middle East will become tense, crude oil will rise, pure benzene market will rise, and cyclohexanone cost pressure will increase. Caprolactam slightly increased depending on raw material price support and logistics resistance. With the influence of social public events, all the good and bad suddenly stopped. Crude oil fell sharply, and the demand for pure benzene was very limited. At the same time, the transportation restriction is more serious, and the overall trading atmosphere of the market is not active, just like the manager has a long holiday, and the market is stagnant. Caprolactam went down all the way for the rest of the first quarter. On April 7, it dropped from the annual low of 7833.33 yuan / ton, a decrease of 28.57% compared with the beginning of the year.

The turning point appeared in mid April, and a number of economic stimulus strategies were promulgated at home and abroad. Due to the change of crude oil and raw material pure benzene price, caprolactam price began to stop falling and rise. In addition, the recovery growth and ultra-low rebound brought about by the resumption of production and work, the downstream purchase of pure benzene was active, and the price of pure benzene recovered nearly 30% in the short term, and some areas of Shandong even had tight supply. At the same time, the downstream polyamide polymerization plant resumed production, and the situation of caprolactam supply shortage even lasted until May. Cost side and demand side jointly push up caprolactam spot, but there is a certain contradiction between supply and demand of PA6 callback range is very limited, the support for caprolactam is hard to say stable. Domestic pure benzene price was also higher than the import price, stagflation domestic spot.

The domestic market demand for caprolactam is not warm for a long time, and the spot price can only passively follow the ups and downs of upstream. To the third quarter, raw material prices continued to fall in early July, caprolactam cost support weakened, followed by the upstream. Then the pressure of pure benzene delivery was released rapidly, and the price rose sharply. The consumption of caprolactam was weak and the follow-up was lagging behind. The rally came late in August and September. And September is the traditional peak season of downstream PA6, and the industry is looking forward to the positive market brought by large demand. However, PA6′s response to “Jinjiu” was cold, and the consumption of PA6 dropped.

In September, the peak season of PA6 downstream of caprolactam was not prosperous, and some enterprises resumed production, resulting in a standstill of pure benzene. Among them, the transaction of PA6 high-speed spinning chips is particularly slow, and the downstream factories are generally hoarding goods in conventional spinning, which is detrimental to the spot price of caprolactam. Fortunately, the “silver 10″ recovered some gains, but this time the market is not so direct. According to the monitoring of the business agency, the market of PA6 was strong after the October Festival, and the downstream staple fiber and wrapping yarn enterprises were more active in resuming work after the festival, but the demand for replenishment failed to maintain, and the conventional spinning chips were weak at the end of October. The main advantage of caprolactam rise in the fourth quarter is the maintenance and load reduction operation of many enterprises. Orchid science and technology innovation, Zhejiang Juhua and Shandong Haili concentrated parking and maintenance, aggravating the supply shortage pattern. On site supply decreased, inventory position decreased, Sinopec high-end caprolactam increased to increase market confidence. By the end of the year, some enterprises resumed work, but the operating rate was still not high, and the pattern of tight supply remained unchanged. Caprolactam continues to be supported by the supply side. Large domestic caprolactam factories generally increase the ex factory price, and the market demand atmosphere remains firm.

Year end overview

Business agency analysts believe: caprolactam market in 2020 will be depressed first and then rise, and the price center of gravity will be recovered. At the end of the year, both supply and Inventory were low, and the downstream load level was high. At present, the atmosphere of caprolactam is acceptable. It is expected that the market will maintain a positive operation in the short term. But overall, the demand is not strong, almost throughout the year, analysts worry that the temporary supply side will not boost prices for a long time. The health of caprolactam industry is inseparable from the coordinated development of the upstream and downstream of the industrial chain.

According to the monitoring of the business agency, the price index of domestic rare earth market has declined, the price of praseodymium and neodymium in China has continued to decline, the price of terbium series market has remained at a high level, and the domestic rare earth market price has dropped slightly. According to the rare earth plate index of business society, the rare earth index on December 18 was 412 points, which was the same as yesterday, which was 58.80% lower than the highest point of 1000 points (December 06, 2011) On September 13, 2015, the lowest point 271 was up 52.03%. (Note: period refers to 2011-12-01 to now).

It can be clearly seen from the rare earth index chart that the domestic rare earth prices continued to fall this week, and the recent rare earth market changes frequently, and the market prices have been falling. In terms of products:

It can be clearly seen from the product price trend chart that the domestic prices of PR Nd oxide, PR nd alloy, Nd 2O 3 and Nd metal decreased slightly. As of December 18, the price of PR Nd oxide in domestic rare earth was 399500 yuan / T, with a decline of 0.75% this week; the price of PR nd alloy was 502500 yuan / T, with a decrease of 0.99% this week; the price of neodymium oxide was 492500 yuan / T, which fell this week The price of neodymium was 592500 yuan / ton, a decrease of 0.84%; the price of praseodymium oxide and praseodymium metal also declined to varying degrees, and the market price of light rare earth continued to decline slightly in recent years.

In recent years, domestic sales of new energy vehicles are normal, and wind power, electronic products and other terminal industries are developing rapidly. With the slowing down of the epidemic situation, downstream manufacturers’ capacity utilization rate is normal, and the demand for NdFeB is mainly on demand. However, the demand for NdFeB is still high. However, some time ago, merchants have been active in purchasing, and their stocks are high. Recently, the market price of light rare earth is gradually falling. Recently, the demand and stock up situation of permanent magnet manufacturers has come to an end, and overseas demand is relatively normal. With the official entry into force of the export control law of the people’s Republic of China on December 1, the market expects that China’s rare earth export will be further reduced, and the global rare earth supply may further shrink. At that time, the supply of rare earth will be more tense, but the domestic demand for rare earth is general, and the price of rare earth market will rise and fall 。 Recently, the domestic heavy rare earth market terbium series price maintains the high level, but the direct market price trend this week is temporarily stable.

It can be seen from the trend chart that the price trend of domestic direct line is temporarily stable. As of the 18th day, the price of dysprosium oxide was 1930000 yuan / ton, which was flat this week; the price of dysprosium ferroalloy was 1.92 million yuan / ton, and the price of metal dysprosium was 2.425 million yuan / ton, but the domestic price of terbium series continued to rise, with 6.8 million yuan / ton of terbium oxide, 8.65 million yuan / ton of terbium oxide, and the price of terbium series rose to 10 A new high in the year. In the near future, the domestic supply and demand of rare earths are expected to be greatly affected by the tight domestic supply and demand of rare earth, and the domestic demand for rare earth is expected to be greatly affected by the tightening of rare earth supply and demand in China Market supply tension, supply and demand imbalance, terbium series market prices remain high.

Under the new situation, the strategic value of rare earth is expected to continue to increase. The United States, Japan and Europe and the United States have made corresponding plans to include rare earth in the national strategic resource reserve plan. The advantages of rare earth strategic resources are prominent. China is a large rare earth reserve country, and its rare earth reserves account for 37% of the world. At the same time, China is also a major rare earth export country. The state has made corresponding adjustments to the development of rare earth industry, and the rare earth industry is moving towards high quality Development and favorable policies support the development of rare earth industry, and the price of domestic rare earth market has declined.

Recently, the domestic demand for rare earths has not changed much, and the domestic supply of rare earths is still tense. Downstream businesses have stopped purchasing, and the rare earth market prices have dropped slightly. Business analysts expect that the rare earth market prices will remain mainly volatile in the future.

Price trend

According to the data monitoring of business agency, the average price of o-benzene quotation fell this week, Sinopec East China o-benzene quotation remained stable, Sinopec North China o-benzene quotation fell back to the East China quotation level, and the overall domestic o-benzene market fell. As of December 18, Sinopec East China executed the contract price of 5500.00 yuan / ton, Sinopec North China executed the contract price of 5500 yuan / ton, and the average price of o-xylene quoted was 5500 yuan / ton, which was 1.08% lower than that at the beginning of the week (December 14) of 5560 yuan / ton of o-xylene.

Upstream market of o-benzene

From the price trend chart of mixed xylene, it can be seen that the price of mixed xylene tends to be stable after a small increase this week. This week, the mixed xylene price increases by 0.74%, and the cost of o-benzene rises slightly. With the price of mixed xylene stabilizing, the driving force of o-xylene to rise is weakened.

Trend of downstream products

It can be seen from the phthalic anhydride price trend chart that the price of phthalic anhydride fell sharply this week, with a decrease of 7.65%. This week, the market of phthalic anhydride was weak, the downstream demand of o-benzene was weakened, the market of o-benzene was weakened, and the bad side was increased.

Future forecast

According to Bai Jiaxin, an o-xylene data analyst at the business agency, this week, the price of mixed xylene, a raw material of o-benzene, rose slightly, the cost of o-benzene stabilized, and the driving force for the rise of o-benzene was weak; the price of phthalic anhydride fell sharply, the market of o-benzene was weak, the demand for o-benzene fell, and the good news of o-xylene weakened, and the negative effects increased. On the whole, the market performance of the industrial chain is weak, the pressure on the decline of o-benzene increases, the price of o-benzene drops, and the market of o-benzene is weak.

In recent years, the domestic methanol market continued to rise, some manufacturers increased the ex factory quotation, the price adjustment range was about 50-80 yuan / ton. According to the monitoring data of business agency, as of December 15, the average price of methanol producers in Shandong was 2210 yuan / ton, with the price rising by 4.12% on a month on month basis and 4.25% on a year-on-year basis.

As of December 15, summary of methanol market prices in different regions:

Region, price,

Qinghai Area/

RMB 2050-2070 / t spot exchange in Shanxi

RMB 2130-2150 / T in Liaoning

Fujian region 2400-2420 yuan / ton, tax included

The factory reference of Lianghu area is 2300-2320 yuan / ton

Acceptance and delivery of 2230-2350 yuan / ton in Anhui Province

Henan Province: 2130-2150 yuan / ton

At present, the market price of methanol in Northwest China continues to rise, some enterprises can ship temporarily, and the freight is still firm. The price of receiving goods in the lower reaches of Shandong province keeps up with the increase, and the profits of traders are still remaining, mainly pursuing the rise. The market of formaldehyde and dimethyl ether in the downstream rose, which was good to pull. The decline of acetic acid and MTBE slowed down, and the persistence was excessive, which had little impact on the methanol market in the short term.

On the external side, as of December 15, the closing price of CFR China methanol was 280.50-281.50 US dollars / ton, up 1 US dollar / ton; CFR Southeast Asia methanol closing price was 314.50-315.50 US dollars / ton. The U.S. Gulf methanol closed at 117.75-118.25 cents per gallon; FOB Rotterdam methanol closed at 344.00-345.00 euro / ton, up 2 euro / ton.

From the perspective of the future market, on the positive side, some enterprises in Southwest China have shut down or reduced production load; some enterprises have stopped selling or restricted sales, and the supply side has been tightened; the trend of coal and natural gas is stronger, and the methanol cost side is better supported. On the negative side, under the influence of low temperature, some formaldehyde enterprises started to reduce their production, and the overall demand was general; Ningbo Fude 600000 T / a DMTO plant had a maintenance plan in January, and the olefin demand declined in the later stage; the downstream still had a mentality of resistance to high prices, and the mentality of the middle and lower reaches was weak. Business community methanol analysts predict that the short-term domestic methanol market behavior.

According to the monitoring data of the business agency, the external price of ethylene has increased recently. On December 10, the price was 934.75 US dollars / ton, and the average price on December 15 was 965.25 dollars / ton, up 27.51%. The current price is up 31.49% month on month, and the current price is 25.56% higher than last year.

In the near future, the overall market of ethylene in the external market shows an upward trend. Asian ethylene market prices rose slightly. As of the 14th, CFR Northeast Asia closed at $975-985 / T and CFR Southeast Asia closed at $905-915 / T. The price of ethylene market in Europe increased greatly. As of the 14th, FD northwest Europe closed at 976-991 US dollars / ton, CIF northwest Europe closed at 987-999 US dollars / ton. The price of ethylene in the United States rose. As of the 14th, the price was 683-694 US dollars / ton. Recently, the ethylene market in Europe and the United States showed a rising trend. Generally speaking, the demand of the whole ethylene market improved, the market trading atmosphere was warm, and the market continued to rise.

International: on December 14, the U.S. WTI crude oil futures market prices rose slightly, with the settlement price of main contracts at $46.99/barrel, up $0.42. Brent crude oil futures market prices rose slightly, with the settlement price of the main contract at $50.29/barrel, up $0.04. Oil prices rose slightly on Monday, mainly due to the impact of vaccination boosting fuel demand expectations, and the Saudi oil tanker explosion also caused market tension.

In the near future, East China styrene market continued to decline. Crude oil was weak in the short term, and styrene cost support weakened. Styrene futures market is also weak. In addition, the downstream production and sales decline, the demand weakened and the accumulation of stocks. Although the port styrene inventory decreased to a low level, and there was still expectation of a decrease, the market price of styrene in East China fell in the shade today, with the price around 7300-7400 yuan / ton.

In terms of crude oil, the emergency use of us vaccines in the United States has brought confidence to the market. With the rise of international oil prices and strong cost support, business community data analysts expect that the external price of ethylene will rise mainly.