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This week, the PX market is stable (9.16-9.20)

Price trends:

 

According to statistics, this week’s domestic ex-factory price of p-xylene is stable, with an average weekend price of 6,600 yuan/ton, which is stable compared with the price of 6,600 yuan/ton at the beginning of the week, down 37.14% from the same period last year.

II. Market analysis:

Products: The domestic market price trend of p-xylene is temporarily stable this week. The domestic PX start-up rate maintains more than 70%. Hongrun 600,000 tons of new plant runs steadily. Huizhou refining and chemical plant runs steadily. Fuhai Chuang plant runs steadily. Pengzhou petrochemical plant runs steadily. Yangtze petrochemical PX plant runs normally. Jinling petrochemical plant runs steadily. Qingdao Lidong unit operates at full load, Qilu petrochemical unit operates stably, Urumqi petrochemical unit starts at about 50%, Hengli petrochemical unit operates normally, domestic p-xylene supply is normal, and domestic market price trend of p-xylene is temporarily stable. The opening rate of p-xylene plant in Asia is more than 70% this week, and the supply of PX in Asia is normal. The price of PX external market fluctuates sharply this week. By the end of the weekend, the closing price of P-xylene market in Asia is 790-792 US dollars per ton FOB Korea and 809-811 US dollars per ton CFR China. Influenced by international crude oil prices, the price of PX external market rose first this week. Later, overall, the price of external market is still rising. More than 50% of domestic products need to be imported. The rising price of PX external market has a positive impact on the domestic market. The price trend of domestic PX market is temporarily stable.

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Industry Chain: Domestic crude oil closing price fluctuated sharply this week. As of 19 days, the price of WTI crude oil futures market in the United States was $58.13 per barrel, and Brent crude oil futures price was $64.40 per barrel. Overall, crude oil closing price rose this week, which has a good support for the price of downstream petrochemical products, and the price trend of PX market is temporarily stable. The price trend of downstream PTA market declined this week. As of the end of the weekend, the price trend of upstream raw material PX market was temporarily stable near 5100-5200 yuan self-lifting. Recent PTA start-up load declined to 93.7%. The supply side of a number of equipment overhaul was short of the PX market, the terminal demand changed slightly, and the polyester start-up remained stable. The downstream polyester start-up load is around 88%, and the start-up rate of Jiangsu and Zhejiang looms remains at 78.5%. The profit of terminal textile texturing enterprises is not optimistic. The comprehensive starting rate of looms in Jiangsu and Zhejiang is around 78%, and the purchasing mood is general. The prices of Main polyester factories in Jiangsu and Zhejiang are stable, the terminal demand has not improved significantly, and the price trend of p-xylene market is stable.

Industry: This week’s textile industry trend remained volatile, textile industry start-up rate changed little, crude oil prices rose slightly, raw material PX market trend was stable.

3. Future market forecast:

Chen Ling, an analyst with business association PX, believes that crude oil prices have maintained between $55 and $60 per barrel in the near future, coupled with a slight decline in PTA market prices, a high start-up rate in the downstream textile industry, and normal supply in the domestic PX market, which is expected to remain volatile next week.

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Silicon Metal (441) Price Reduction on September 24

1. Trade Name: Silicon Metal (441)

2. Latest price (2019.9.24): 11166.67 yuan/ton

The price of 441_silicon is as follows:

The price range of # metal silicon in Fujian is 10 600-10 800 yuan/ton, that of # metal silicon in Sichuan is 10 800-11 1000 yuan/ton, that of # metal silicon in Kunming is 10 800-11 1000 yuan/ton, that of # metal silicon in Shanghai is 11 800-11 900 yuan/ton, that of # metal silicon in Tianjin Port is 11 400-11 500 yuan/ton, and that of Huangpu is 1 800-11 500 yuan/ton. The price range of metal silicon in Hong Kong is 1100-11300 yuan/ton.

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3. Analysis points: Some domestic low-grade silicon prices have been slightly lowered, and market sentiment is slightly pessimistic. It is reported that the current export market is weak, downstream procurement is not much; in addition, some silicon plants have completed early orders one after another, the demand for new orders is strong, due to inventory and the National Day holiday capital turnover factors, low-price supply increased.

4. Future forecast: downstream fear of heights and wait-and-see mood is strong, and short-term metal silicon stable and weak operation is expected to dominate.

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China’s domestic price trend of p-xylene was temporarily stable on September 23

On September 23, the PX commodity index was 52.80, unchanged from yesterday, down 48.44% from the peak of 102.40 points in the cycle (2013-02-28), and up 15.92% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

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According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 23rd. Hongrun 600,000 tons new plant was running steadily, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was starting a line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily. Temporarily stable operation, due to the normal domestic market supply of p-xylene, the market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On September 20, the closing price of p-xylene in Asia dropped by 5 US dollars per ton. The closing price is 785-787 US dollars per ton FOB in Korea and 804-806 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. However, the domestic market price trend is temporarily stable.

On September 20, the price of WTI crude oil futures fell to 58.09 U.S. dollars per barrel, or 0.04 U.S. dollars. Brent crude oil futures fell to 64.28 U.S. dollars per barrel, or 0.12 U.S. dollars. Saudi energy minister Abdulaziz Ben Salman held a news conference in Jeddah, saying Saudi Arabia would soon recover. Most of its oil production, and in a few weeks to fully restore all production, crude oil prices fell, the impact on downstream petrochemical products is limited, and the price of xylene outside was affected by the decline. Recent textile industry volatility, PTA market start-up rate maintained high, PTA price trend temporarily stable, the average price of East China in the vicinity of 5200-5300 yuan/ton, up to 20 domestic PTA start-up rate rose to about 94%, polyester industry start-up rate of about 90%, due to PTA market supply increased, trading atmosphere is general, buy-out trade. Traders mainly, sporadic polyester factories follow-up, affected by the decline in crude oil prices downstream PTA market prices remain low, is expected to maintain PX market prices in the short term or 6600 yuan/ton.

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Refrigerant market remains stable at a low level this week (9.16-9.20)

Price Trend

 

According to a large number of data monitored by business associations, the domestic R22 ex-factory price this week was 16333.33 yuan/ton, and the overall low level remained stable, down 18.02% compared with the same period last year.

 

According to a large number of data monitoring by business associations, domestic R 134a ex-factory price this week was 25166.67 yuan/ton, the overall low level remained stable, down 14.2% compared with the same period last year.

II. Market Analysis

Products: This week’s domestic refrigerant demand is weak, after-sales market is just in short supply, traders are not active in obtaining goods, cautious wait-and-see attitude is obvious, just in need; coupled with the current low start-up of production enterprises, adequate supply of market supplies, manufacturers to reduce prices to facilitate shipment mentality pessimistic, refrigerants have no signs of recovery. At the raw material end, the market of hydrofluoric acid and trichloromethane is weak, the trading atmosphere of the market is not high, which does not support refrigerants well. At the same time, the downstream refrigerant air conditioning industry is still in the period of overhaul, and there is no good signal at the demand side. The refrigerant is low and is facing bottom-touching. Currently, R22 is mainly for after-sales market. As of the 20th day, the market price has maintained 14000-17000 yuan/ton level according to the business association data. Domestic R134a market price trend is low, manufacturers mainly export goods, but on-site transaction prices continue to decline, merchants purchase on demand, no intention of hoarding goods. As of the 20th, the market price has maintained a level of 24,000-28,000 yuan per ton, according to business association data.

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Industry chain: anhydrous hydrofluoric acid price trend of upstream products continued to decline, recent on-site manufacturers have been poor, the plant has maintained a high start-up rate, domestic spot supply is sufficient, some manufacturers continue to lower the ex-factory price, as of 20, the mainstream of hydrofluoric acid negotiations in the southern region is 9500-10000 yuan/ton, the price of hydrofluoric acid in the northern market is 9500-10000 yuan/ton. At 9500-10000 yuan/ton. Upstream products in the domestic trichloromethane market overall spot supply gradually returned to normal, prices fell, market negotiation enthusiasm is weak, wait-and-see atmosphere is strong, basic on-demand procurement.

Industry: According to the price monitoring of business associations, in the 37th week of 2019 (9.16-9.20), there were 0 commodities rising or falling, 3 commodities falling and 2 commodities rising or falling to 0. The main commodities falling were trichloromethane (-4.17%), hydrofluoric acid (-0.48%) and fluorite (-0.38%). This week’s average rise and fall was -1.01%.

3. Future Market Forecast

Business Cooperative Refrigerant Analysts believe that: refrigerant manufacturers are starting low, raw material support is weak, terminal demand is sluggish, it is expected that in the short term refrigerants will follow the low cost level consolidation.

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China’s domestic price trend of p-xylene was temporarily stable on September 18

On September 18, the PX commodity index was 52.80, unchanged from yesterday, down 48.44% from its peak of 102.40 points in the cycle (2013-02-28), and up 15.92% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

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According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 18th. Hongrun 600,000 tons new plant was running steadily, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Plant was starting a line, CNOOC Huizhou Refinery and Chemical Plant was overhauled, Hengli Petrochemical PX Plant was put into operation, and other units were running steadily. Temporarily stable operation, due to the normal domestic market supply of p-xylene, the market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. The closing price of p-xylene in Asia rose by 26 US dollars/ton on September 17. The closing price is 830-832 US dollars/ton FOB in Korea and 849-851 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The rise of foreign prices has a positive impact on the domestic market price of p-xylene. However, the domestic market price trend is temporarily stable.

On September 17, the price of WTI crude oil futures fell to $59.34 a barrel, or $3.56, while Brent crude oil futures fell to $64.55 a barrel, or $4.47. Due to terrorist attacks, Saudi Amy’s factories in Bulgaria and Kules caught fire, but the factories responded positively. Nearly 70% of production has been restored and crude oil prices have fallen, with limited impact on downstream petrochemical products and higher external price of paraxylene. Recently, the textile industry has been on the rise, PTA market starting rate has risen slightly, PTA price has risen slightly, the average offer price in East China is around 5400-5500 yuan/ton, the domestic PTA starting rate has risen to about 97.7% by the 17th day, and the polyester industry starting rate is about 90%. Due to the increase of PTA market supply, the trading atmosphere is general, and the buying rate is about 90%. Traders dominate, sporadic polyester factories follow-up, driven by the rise in crude oil prices downstream PTA market prices slightly higher, is expected to maintain PX market prices in the short term or 6600 yuan/ton.

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The market price trend of ammonium nitrate was stable on September 17

On September 17, the ammonium nitrate commodity index was 104.39, which was the same as yesterday. It was 11.85% lower than the cyclical peak of 118.42 points (2019-01-15), and 34.92% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

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Domestic ammonium nitrate market prices temporarily stabilized on the 17th, domestic ammonium nitrate plant operation is stable, is in the downstream demand off-season, ammonium nitrate manufacturer shipment market is general, downstream on-demand procurement, combined with environmental protection control, the downstream domestic civil explosion industry shut down more, domestic ammonium nitrate manufacturer start limited, the price maintained low on-site. Bit level. By the end of the weekend, the mainstream of negotiations in Shaanxi was 2000-2100 yuan/ton, the mainstream in Shandong was 1900-2000 yuan/ton, and the price in Hebei was 1850-1950 yuan/ton. Affected by environmental protection, some downstream factories were forced to limit production or stop production for maintenance and accept environmental protection inspection. The demand for ammonium nitrate was at a low level, and the market price of ammonium nitrate went away. The situation is temporary.

Recently, the price of nitric acid in domestic market has risen sharply. The price quoted by the mainstream manufacturers in Jiangsu province is 1950 yuan/ton, and the price is 200 yuan/ton higher. Anhui mainstream manufacturers quoted 1,900 yuan/ton, the price rose. Shandong manufacturers quoted 1900-2000 yuan/ton, the price trend is rising. The situation of nitric acid shipment has improved, and the rising trend of nitric acid price has a positive impact on the ammonium nitrate market. The price trend of ammonium nitrate is temporarily stable. The domestic market of liquid ammonia in the upstream maintains a low level, and the market turnover is still acceptable. The market price of liquid ammonia is 333.33 yuan/ton. The upstream cost of liquid ammonia is lower, and there are many manufacturers. Compared with the previous period, the inventory pressure has increased, some units have been restarted, and the local ammonia supply has increased. Especially in Shanxi and North China, most manufacturers have sufficient supply of ammonia. The quotations of manufacturers in North China are maintained in the range of 2900-3300 yuan/ton, in Northwest China in the range of 2500-2600 yuan/ton, and the low price of liquid ammonia for downstream nitrate. Ammonium acid market has brought some negative effects. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the inventory of ammonium nitrate manufacturers has increased. However, the price trend of liquid ammonia market is temporarily stable, and the market of ammonium nitrate is shaking at a low level due to the bad market. Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices have risen sharply, downstream demand is still at a low level, expected to be affected by raw material support in the latter part of the ammonium nitrate market prices or will rise slightly.

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Nitric acid prices rose this week (9.9-9.12)

Price Trend Chart of Nitric Acid Market

Nitric acid price curve

(Photo Source: Business Association Commodity Analysis System)

The average price of nitric acid in eastern China was 1 600 yuan/ton at the beginning of this week and 1 716 yuan/ton at the end of this week, up by 7.29%, according to the monitoring of business associations.

II. Market Analysis

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Products: This week, the price of nitric acid rose. The price of mainstream manufacturers in Jiangsu Province was 1 650 yuan/ton, and the price dimension increased slightly by 50 yuan/ton. Anhui Audley quoted 1650 yuan/ton, up 70 yuan/ton; Anhui Jinhe quoted 1800 yuan/ton; Shandong Helitai factory quoted 1700 yuan/ton, the price rose 100 yuan/ton. Some factories parked, nitric acid shipment improved, nitric acid quotation increased.

Industry chain: liquid ammonia, the upstream raw material of nitric acid, the quotation is temporarily stable. Downstream products, September 12, Shandong Aniline price at 6500 yuan / ton, Aniline stable price shipment.

3. Future Market Forecast

Affected by environmental protection inspection, some factories parked and nitric acid shipments improved compared with the earlier period. Nitric acid analysts of business associations believe that the nitric acid market will be mainly strong.

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Potassium carbonate fell this week (9.9-9.12)

Price Trend

Market Analysis of Potassium Carbonate Products

(Photo Source: Business Association Commodity Analysis System)

According to the data monitored by business associations, the price of potassium carbonate fell this week. At the beginning of the week, the average tax-bearing price of the mainstream domestic light potassium carbonate factory was 6487.50 yuan/ton. At the weekend, the average tax-bearing price of the mainstream domestic light potassium carbonate factory was 6437.50 yuan/ton, a decline of 0.77%, and the current price fell by 6.87% compared with the previous year.

II. Analysis of Influencing Factors

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Products: This week’s potassium carbonate Market Trading atmosphere is light, the actual volume is not much, the attitude of potassium carbonate manufacturers is empty, enthusiasm is not high, downstream procurement is mostly wait-and-see, maintaining just needed, while the plant start-up rate of manufacturers is at a low level, the overall inventory of low procurement market momentum is low, the domestic potassium carbonate Market fell. According to the statistics of business associations: in August, the main quotation range of domestic industrial potassium carbonate factory is about 6400-6800 yuan/ton (quotation only for reference). The quotation varies according to the purchasing situation.

3. Future Market Forecast

Potassium carbonate analysts believe that the market of potassium carbonate has fallen this week and entered September. The traditional peak season of “Gold, Nine, Silver and Ten” has come. Potassium carbonate prices are still not improving. But potassium carbonate manufacturers are looking for changes. Later, driven by many factors, they mainly focus on whether the demand side has increased after the festival and the price of potassium carbonate. The market may pick up somewhat.

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N-propanol market consolidation

Price Trend

According to the monitoring data of business associations, as of September 10, 2019, the domestic market price of n-propanol had stabilized after a slight decline. The latest monitoring data of domestic n-propanol price showed that on September 11, 2019, the average price of domestic n-propanol was around 10,800 yuan/ton, which was the same as that on September 10. Compared with September 1, it dropped by about 200 yuan/ton, or 1.82%.

II. Market Analysis

Products: Since the beginning of September, the prices of n-propanol in the domestic market are different and the price difference is large, but the price fluctuation is not large. After a small number of distributors of n-propanol lowered their quotation at the beginning of this month, the domestic n-propanol has maintained a stable operation in general. On September 11, the price of n-propanol from scattered water storage in Jiangsu, Zhejiang and Shanghai areas was 8900-9200 yuan/ton, Dalian, Taiwan. The barreled price ranges from 10,100 to 11,600 yuan/ton. The average price of barreled n-propanol in Taiwan is around 11,000 yuan per ton. Shandong Fengcang Chemical Co., Ltd., September 11, n-propanol (content (%): 99.5); grade: superior;) market quotation is 10500 yuan/ton, which is the same as September 10, and 300 yuan/ton lower than September 1; Zhangjiagang Free Trade Zone Yexing Chemical Trading Co., Ltd., September 11, n-propanol (content (%): 99.5; grade: superior;) market quotation For 10,100 yuan/ton, the same as September 10, the same as September 1; Ningbo Haorui Supply Chain Management Co., Ltd., September 11, n-propanol (content (%): 99.5; grade: superior;) market quotation is 10,500 yuan/ton, the same as September 10, 300 yuan/ton lower than September 1; in view of the reservations of dealers on price, the price is not easy to monitor. Measurements may lead to specific negotiations or discrepancies, and there are differences in each region, with actual negotiations being the main one. The plant of Nanjing Rongxin Chemical Co., Ltd. is running normally, and the price of n-propanol is 9200 yuan/ton (bulk water) for normal delivery.

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Industry chain: Starting in early September, propylene oxide market fell first and then rose. On September 2nd, the average price of propylene oxide was around 10166.67 yuan/ton, the atmosphere of profit was strong in the field, the factory actively shipped, the new orders downstream were insufficient to follow up. On September 4th, the average price of propylene oxide was around 1100 yuan/ton, the price fell to a low level, the downstream purchasing volume increased, the stock was quickly digested, and the market of propylene oxide stopped falling and rebounded with the downstream polycondensation. The demand for ether is increasing gradually. On September 6, the average price of propylene oxide was around 10,200 yuan/ton. The factory stock is low and the market turnover is stable. As of September 11, propylene oxide Market as a whole remained stable and slightly increased. Currently, the cash delivery price of Wanhua Chemicals Shandong mainstream market is 10 300 yuan/ton, up 100 yuan/ton from September 6. The cash delivery price in East China mainstream market is 10,600 yuan per ton, up 100 yuan per ton from September 6.

3. Future Market Forecast

According to the business association’s forecast, the price of n-propanol is expected to remain stable in late September, but considering the approaching National Day, the price of n-propanol is still likely to rise.

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Butadiene market slightly up

Price Trend

The domestic butadiene market has been rising slightly recently. As of September 10, the price of butadiene was 10 384 yuan/ton, up 4.53% annually and down 18.81% year-on-year, according to business association monitoring.

II. Analysis of Influencing Factors

Products: Domestic butadiene market is slightly up-going, downstream parts just need to replenish warehouses before the holidays, Panjin supply price increase transaction, driving the prices of other export manufacturers in the north to rise, coupled with the East China spot resources have not yet been significantly supplemented, the middleman offer followed the supplier and slightly increased. The delivery price of high-grade products in Shandong is about 10 500-10 550 yuan/ton, while that in East China is about 10 800-10 900 yuan/ton.

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On the market side, the market of butadiene in Shandong area has been tidied up slightly, and the price of Northeast China has increased slightly, which has boosted the prices of other export manufacturers. Some of the lower reaches just need to replenish their warehouses before the festival, so as to jointly boost the market. The middleman delivers the high-quality products to the offer at around 1050-10550 yuan/ton for negotiation. Eastern China butadiene market is mainly a small upward consolidation, Northeast supply price increase transaction, and the region’s limited spot resources, just before the downstream Festival need to replenish the warehouse boost, middlemen offer a small upward push, high-quality goods delivered to the price of about 10,800-10,900 yuan/ton, single discussion.

Installation: Yangtze Petrochemical 220,000 tons/year plant, 3 Jiutai, Inner Mongolia, operates at low load with a small amount of export. Puyang Bluestar 50,000 tons/year extraction unit operates steadily and is exported normally.

3. Future Market Forecast

Short-term East China spot resource supplement is limited, some businessmen are cautious about the arrival of Iranian ships; due to the approaching holidays, downstream parts just need to enter the market for inquiries, spot transactions in the North improved, boosting the market slightly upward. Short-term market supply and demand fundamentals are not obviously under pressure. Business analysts predict that the short-term domestic butadiene market will continue to consolidate. They suggest that attention should be paid to supply changes and trading guidance.

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