Price Trend

According to the data of business associations, the domestic adipic acid market has not changed much this week compared with last week. The quotations of dealers are mostly stable, and the range of increase and fall is controlled at 50-100 yuan/ton. By the end of the weekend, the quotation is generally between 8500 and 8650 yuan/ton.

II. Analytical Review

This week, adipic acid market tends to stabilize, the market continued last week’s weak market, there is still no improvement, the market performance is weak, the market atmosphere is slightly cold, distributors actively shipped mainly, adipic acid market rise and fall within 100 yuan, the market maintains a weak volatile pattern, the current downstream market wait-and-see mentality is relatively strong. Heavily, the transaction is slightly deadlocked, and there is room for business to concede profits. Social inventories are still under pressure, with shipments slightly lower than last week.

On the supply side, the market supply is stable, and the local performance is mainly excessive supply. For example, East China, and many distributors say that the inventory pressure is high, the start-up rate of the plant is high, the market inventory and the inventory of the manufacturer are rising. This week, distributors actively take goods, so there are also relatively low-cost supplies flooding the market. There is a certain bargaining space, the market price quotation and the stock price difference are still in stock. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most regions maintain a stable market.

In terms of demand, downstream demand is still weak, nylon 66 factories do not have centralized purchasing behavior, downstream start-up rate is still slightly insufficient, the start-up rate is basically around 50%, the upstream adipic acid did not form a strong boost, because the previous rebound basically depends on upstream pure benzol, cost-effective driving. In the passive follow-up, at present, the cost and profit are more than enough, the market gradually returns to rationality, and the market also enters the de-inventory cycle. According to the monitoring of business associations, the reference price of East China market is about 8500-8650 yuan/ton, while that of South China is generally between 8500-8700 yuan/ton.

3. Future Market Forecast

Analysts of adipic acid in Business Society Chemical Branch believe that the price performance is not satisfactory at present. The supply and demand of adipic acid are basically in a balanced pattern. Therefore, Business Society believes that adipic acid market may continue to maintain a narrow adjustment pattern in the short term.

Price data

According to the price monitoring of business associations, gasoline and diesel prices fell slightly this week. Domestic gasoline prices were 6,694 yuan/ton, down 0.88% from last week’s gasoline prices; domestic diesel prices were 6,519 yuan/ton, down 0.37% from last week’s diesel prices.

II. Analysis of Influencing Factors

Products: This week, international crude oil prices rose first and then fell, the overall slight rise, but since 24:00 on August 20, domestic gasoline and diesel prices were reduced by 210 yuan and 205 yuan per ton, respectively. In the early part of this week, the domestic oil product market was shrouded in the haze of price reduction and the recovery of refinery unit start-up rate suppressed the rise in oil product prices.

Industry Chain: API report earlier this week showed that crude oil stocks in the U.S. decreased by 3.454 million barrels last week and active drilling in July decreased by 17. The report data showed that crude oil was on the rise, but UBS lowered oil price expectations for six months and 12 months later, OPEC also lowered global crude oil demand growth expectations by 40,000 barrels per day to 1.1 million in 2019. Barrel/day, while worries about the global recession continue to rise. International crude oil prices rose first and then fell this week, while WTI and Brent crude oil prices rose slightly by 1.62% and 2.90% this week.

On the market side: In the early part of this week, with the continuous rise of crude oil and the tense situation of gasoline resources in eastern and southern China, downstream suppliers actively replenished, and the main units pushed up the price of gasoline. As for diesel oil, with the price of diesel oil gradually rising to a relatively high level in the near future, the industry’s wait-and-see mood gradually rises, and the shipment situation of refineries gradually weakens. Earlier affected by typhoon, Eastern China and Shandong provincial refineries have been reworked one after another, which has suppressed the domestic oil product market.

3. Future Market Forecast

Lu Xingjun, a product oil analyst at Business Association, believes that the international crude oil market is on the rise, and the gasoline and diesel market is still confident of the demand growth brought about by the “gold, silver and ten”. The price of the product oil market is expected to rise steadily next week.

Recent fluctuations in the domestic rare earth market, since August, the rare earth market has shown a “reverse V” trend. In early August, the price of the rare earth market rebounded, but began to decline gradually in mid-August. As of No. 16, the price of some rare earth in China has risen slightly, which is affected by domestic policy and Sino-US trade war. The trend of the soil market is fluctuating. According to the Shangshu rare earth plate index, on August 18, the rare earth index was 370 points, down 63.00% from the cyclical peak of 1000 points (2011-12-06), and up 36.53% from the lowest point of 271 on September 13, 2015.

As of August 18, the average price of neodymium, dysprosium and praseodymium in rare earth metals in China was 386,500 yuan/ton, 2.3 million yuan/ton and 695,000 yuan/ton respectively. The average price of praseodymium oxide, neodymium oxide, dysprosium oxide, praseodymium oxide and neodymium oxide in rare earth oxides is 3.325 million yuan/ton, 1.94 million yuan/ton, 3.825 million yuan/ton and 3.345 million yuan/ton respectively. The price of praseodymium and neodymium alloys in rare earth alloys is 386,500 yuan per ton, and the average price of dysprosium and iron alloys is 193,000 yuan per ton.

After mid-August, the price trend of heavy rare earth dysprosium-terbium system is relatively stable, Myanmar still restricts the export of rare earth, the supply pattern of domestic heavy rare earth market has not changed, the domestic supply is still tense, the domestic price maintains a high level, and the recent domestic policy is still fermenting, bringing certain benefits to the domestic heavy rare earth market. Expect.

Since August, the price of light rare earth has changed frequently. In the first ten days of August, the price of praseodymium and neodymium products has risen by 4.5%. The price of neodymium oxide and praseodymium neodymium oxide has risen first. However, the downstream demand for light rare earth has not improved significantly. A small number of downstream merchants replenish their products on demand, and the actual transaction price is still at a low level. Looking forward to a strong mood, in mid-August the market prices of light rare earth have fallen, prices fell back to the beginning of August. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under strict environmental protection inspection, manufacturers control sales reasonably, but in the near future, they are greatly affected by external environment. They mainly benefit from the active distribution of new energy fields by mainstream automobile factories at home and abroad. The increasing number of new energy vehicles has brought some favorable support to the rare earth market. The price of domestic rare earth market has changed a lot, but in the near future, the market has changed a lot. Large conglomerates are also cautious about pricing their products.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and the national reserve.

Rare earth analysts of business associations expect that in the near future, domestic environmental stringent inspection will not be reduced, coupled with domestic rectification of the order of the rare earth industry, Myanmar’s export restrictions and normal supply, but the recent rare earth market trading situation is general, focusing on national storage and Sino-US trade and other factors, the national policy has brought rare earth to a certain extent. Good support, rare earth market prices are expected to remain volatile.

On August 19, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the market price trend of p-xylene in China was temporarily stable on the 19th. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant was overhauled. Hengli Petrochemical PX Plant was put into operation. Other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On August 16, the closing price of p-xylene in Asia dropped by 6 US dollars per ton. The closing price is 771-773 US dollars per ton FOB in Korea and 790-792 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. The price trend of p-xylene in the market is stable for the time being.

On August 16, the price of WTI crude oil futures rose to 54.87 U.S. dollars per barrel, an increase of 0.40 U.S. dollars. Brent crude oil futures rose to 58.64 U.S. dollars per barrel, an increase of 0.41 U.S. dollars. Crude oil prices rose, which had a positive impact on downstream petrochemical products. The price trend of xylene market was temporarily stable. Recent textile industry volatility, PTA price trend temporarily stabilized 19 days, the average price of East China in the vicinity of 5300-5400 yuan/ton self-raised, as of 16 days domestic PTA start-up rate is about 88%, polyester industry start-up rate is about 87%, downstream production and marketing rate has not changed much, but PTA market price trend is temporarily stable, the PX market price is expected to be later. Maintain shock.

First, the trend of the market:

According to statistics, the price trend of phthalic anhydride remained low, with the price at the end of the weekend at 5833.33 yuan/ton, down 15.66% from the same period last year. The main stream of phthalic anhydride negotiation in Jiangsu is 5700-6000 yuan/ton, and the spot supply in the market is normal. The naphthalene phthalic anhydride plant starts normally, and the current quotation is 5200-5400 yuan/ton. Even though the market price of phthalic anhydride has a short upward trend, it is like a flash in the pan, and the price keeps low all the time. Level.

II. Market analysis:

Products: Recently, the domestic market price of phthalic anhydride has maintained a low level. The market of No. 14 has risen slightly due to the increase of orders from some factories. However, the rising trend of the market price of phthalic anhydride is relatively short. The market opening rate of phthalic anhydride in the field has been maintained at about 70%, the spot supply of phthalic anhydride in the field is sufficient, the downstream factories have just needed to purchase and the factory war Inventory situation is general, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 5600-6000 yuan/ton, the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 5700-5800 yuan/ton, the market price changes little, the quotation trend of enterprises in North China is temporarily stable, downstream construction is not high, and purchasing on demand. Mainly, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride on-site goods generally, phthalic anhydride market prices have maintained a low level, phthalic anhydride market manufacturers have been in a loss stage, the recent loss price of 100-200 yuan/ton, while Nafa phthalic anhydride although there is profit space, but almost at the cost line. Nearby, the profit of phthalic anhydride market is difficult to improve.

Upstream: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6000 yuan/ton, and the actual transaction price is about 6000 yuan/ton. This week, the quotation of o-phthalic anhydride is temporarily stable, and the port supply is general. The price of raw materials mixed xylene in the upstream of phthalic acid remained volatile, the turnover of phthalic acid was normal, the stock of phthalic acid in the port was low, the quotation of phthalic acid external market was temporarily stable, the actual transaction price of imported phthalic acid was discussed in detail, the upstream price trend remained stable, and the price trend of phthalic anhydride market slightly declined.

Downstream: DOP prices have remained low in the recent downstream. The domestic DOP market price was 7266.67 yuan/ton by the end of the weekend. Recently, DOP external quotation has been adjusted concussively. Overall, the price of plasticizer DOP external quotation has remained stable, and the market interest of DOP is limited. The price of DOP in China is 915 US dollars/ton, which is stable compared with last month’s. The price of DOP in Southeast Asia is 1185 US dollars/ton, which is 15 US dollars/ton compared with last week’s. The DOP equipment of plasticizer enterprises has increased, the supply is stable, and DOP transactions are mostly at low prices. The overall price of DOP plasticizer is stable and declining slightly in the future market. Recently, in the DOP market of Zhejiang, the quotation of merchants is about 7350 yuan/ton, the downstream price is slightly lower, the demand for upstream phthalic anhydride is limited, and the market price of phthalic anhydride is slightly lower.

Industry: Recent plasticizer industry market remains at a low level, terminal downstream demand has not changed much, and the market price trend of phthalic anhydride has slightly declined.

3. Future market forecast:

At present, the price trend of phthalic anhydride in the upstream remains volatile, and the terminal demand is still off-season. At the same time, the measures of restricting production in some areas are in progress, combined with the trade war between China and the United States, and other factors, the demand side of the downstream refrigerant industry is difficult to improve. The phthalic anhydride market continues to be in a passive situation. Low volatility will be maintained with prices ranging from 5800 to 5900 yuan/ton.

Price trends:

According to the monitoring data of business associations, the external price of ethylene showed an upward trend on August 15. The average price of ethylene was $945.25/ton, up 2.12% from the previous day’s price of $836.75/ton, and down 2.15% from the previous year.

Market analysis:

Products: Ethylene showed an overall upward trend on August 15. Ethylene prices in Asia rose, with CFR closing at $957-965 per ton in Northeast Asia and $857-865 per ton in Southeast Asia. Upstream crude oil prices rose, European ethylene market prices for FD in Northwest Europe closed at $1021-1032 per ton, CIF in Northwest Europe closed at $925-936 per ton. The price of ethylene in the United States rose, ranging from $368 to $381 per ton. Overall, the price of crude oil in the upstream rose sharply, which helped to support the rise of the whole ethylene market, and the market atmosphere was strong. Businessmen pay more attention to the situation of supply and demand after the festival.

International: On August 13, the price of WTI crude oil futures rose to $57.10 per barrel, or $2.17. Brent crude oil futures rose to $61.30 per barrel, or $2.73. The U.S. Trade Representative’s Office said Wednesday that the Trump Administration will postpone the 10% tariff on some Chinese imports to the United States. Market fears about the trade war between China and the United States have eased. International crude oil closing rose sharply. WTI crude oil in the United States reached a two-week high, and Brent crude oil recorded the largest percentage increase in the year. The price of crude oil has risen, while the cost of ethylene has improved. The price of downstream styrene has rebounded slightly and the price of ethylene glycol has consolidated, which also supports the price of ethylene.

3. Future market forecast:

Ethylene analysts from Business Society Chemical Branch believe that crude oil is still in a burning market atmosphere. Macro-level economic worries will continue to plague the market. Overlapping the unresolved problems of Iran in the Middle East, the current factors affecting the crude oil market are still multi-empty and complex. Cost may support the ethylene market, and business community data analysts expect ethylene prices to remain narrowly volatile next.

Price Trend

According to the price monitoring of business associations, the market trend of potassium sulfate is stable this week.

II. Market Analysis

Mannheim potassium sulfate price is basically stable, 50% of the mainstream factory price of 2800-3100 yuan/ton, 52% of the factory price of 3000-3200 yuan/ton. The low price supply of powdered potassium sulfate in Qinghai water-salt system has restrained the high market price to a certain extent. The mainstream arrival quotation is about 2550-2600 yuan/ton, and the delivery is general. At present, the Luo Potassium plant has been continuously overhauled, the price is temporarily stable, and there is still a certain stock to be issued. The actual transaction price of 51% powder in the region is about 2750 yuan/ton, and 52% powder is about 2800 yuan/ton. Local environmental safety inspection normalization, slow delivery of by-product hydrochloric acid from some enterprises, high cost of raw materials such as potassium chloride and other multi-pressure, sales slowed down significantly compared with the previous period. The downstream compound fertilizer market is still quiet and the fertilizer progress is slow in autumn.

3. Future Market Forecast

Potassium sulphate analysts of business associations believe that the domestic market for potassium sulphate has not fluctuated much recently, and the market continues to be mainly stable.

Price Trend

According to the monitoring data of business associations, DOP prices have gone up and down three times in recent years, the DOP market has been shaken and adjusted, and the overall DOP market is stable. As of August 9, the price of DOP in East China was 7266.67 yuan/ton, up 166.67 yuan/ton from 7100.00 yuan/ton at the beginning of the month, up 2.35%, down 21.01% from the same period last year.

II. Market Analysis

Product Analysis

As can be seen from the figure above, the recent adjustment of DOP external quotation shocks, the overall price shocks of plasticizer DOP external quotation remain stable, and the DOP market is limited. The price of DOP in China is 915 US dollars/ton, which is stable compared with last month’s. The price of DOP in Southeast Asia is 1185 US dollars/ton, which is 15 US dollars/ton compared with last week’s. The DOP equipment of plasticizer enterprises has increased, the supply is stable, and DOP transactions are mostly at low prices. The overall price of DOP plasticizer is stable and declining slightly in the future market. Fall.

Analysis of Industrial Chain
As for raw materials, the price of DOP raw material octanol has been rising and then stabilizing, while the price trend of phthalic anhydride has been rising and then falling, and the overall market of raw materials has been weakening. The weakness of raw material market affects the rise of DOP, and the decline of phthalic anhydride and octanol is less than that of DOP. DOP still has downward pressure in the future, but the downward pressure is weakened, and the market is expected to decline slightly after DOP.

On the downstream demand side, the recent price shock of PVC has fallen and the overall market of plasticizers has been negative. However, the market of PVC has picked up this week, while the demand for plasticizers has picked up somewhat, but the overall benefit is limited.

3. Future Market Forecast

Bai Jiaxin, a DOP data analyst at business associations, believes that raw material prices have a downward trend in the near future, and DOP costs in the future are falling. Downstream PVC futures have brought about a warming spot market, which has a positive impact on the downstream market of plasticizer DOP. However, the overall market of PVC is still weak compared with previous years, and the market benefits for plasticizers are limited. On the external market, DOP price volatility is stable, good for DOP is limited, bad pressure is general, overall DOP market is mixed, plasticizer market is weak, DOP price is expected to decline slightly in the future.

I. Lithium hydroxide price trend:

According to the data from the business associations’list, as of August 9, the price of lithium hydroxide has been lowered. At present, the mainstream price of domestic industrial lithium hydroxide is around 74000-80000 yuan/ton, which is 0.43% lower than that at the beginning of the week.

II. Market analysis:

Products: Lithium hydroxide market price down. The output of the manufacturer has gradually increased, the downstream demand has not substantially improved, and the market has a strong wait-and-see atmosphere. At present, Shanghai Yulun industrial grade lithium hydroxide is quoted at 80,000 yuan/ton, Zigong Tongfarong industrial grade lithium hydroxide is quoted at 74,000 yuan/ton, and Shanghai Oujin industrial grade lithium hydroxide is quoted at 77,000 yuan/ton. The specific price is one-sided.

Industry chain: The overall market price of lithium carbonate in the upstream is down. Battery-grade lithium carbonate is affected by the poor demand of power market. The price of battery-grade lithium carbonate declines significantly, with a weekly rise and fall of -4.41%. Industrial-grade lithium carbonate demand is relatively stable, but the increase of supply leads to a large price fluctuation, with a weekly rise and fall of -3.13%.

Industry: According to the price monitoring of business associations, in the 31 st week of 2019 (8.5-8.9), there were 16 commodities rising annually in the chemical sector, of which 2 commodities increased by more than 5%, accounting for 2.4% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (12.69%), acetic anhydride (10.50%) and butadiene (4.20%). There are 36 kinds of commodities with a decline of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first three declines are yellow phosphorus (-22.73%), sulfur (-5.81%) and propylene (-4.45%). Average gains and losses this week were -0.41%.

3. Future market forecast:

Lithium hydroxide analysts at business associations believe that the market price of upstream lithium carbonate has fallen and the cost support of lithium hydroxide has weakened. The market supply is gradually increasing, the downstream demand has not substantially improved, and the follow-up of lithium hydroxide is insufficient. It is expected that in the short term, the market of lithium hydroxide will be dominated by weak operation.

I. Price Trend Chart of Sodium metabisulfite in China

According to the monitoring of business associations, the domestic price of sodium pyrosulfite continued to run weakly at the bottom this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 1833.33 yuan/ton, while the average price at the end of the week was 1816.67 yuan/ton, down 0.91%.

II. Market Analysis

Product: This week, the market performance of sodium pyrosulfite is still low. The market price range of industrial sodium pyrosulfite is 1700-1900 yuan/ton. Most of the prices are concentrated around 1750-1850 yuan/ton. Processing costs continue to suppress, downstream trade entities have a strong wait-and-see attitude, and domestic sodium pyrosulfite market prices continue to operate slightly weaker at the bottom this week. Affected by high temperature and continuous shrinkage of processing profits, some manufacturers have entered the state of shutdown and maintenance. Enterprises mainly complete orders from old customers, and the market atmosphere is general. (The above prices refer to the foreign quotations of the mainstream domestic enterprises, some of which are not reported for the time being. The prices are for reference only. They have nothing to do with the final pricing of the manufacturers. For details, please contact the manufacturers for consultation.

Industry chain: Soda price in the upstream of this week is steadily moving forward, sulfur price fell 5.81%, processing costs continued to decline, trade entities procurement caution, cost suppression, pyrosulfite market price overall warming pressure.

3. Future Market Forecast

Business analysts believe that processing costs remain low, downstream demand remains weak, and the domestic pyrosulfite market price is expected to continue to maintain a weak bottom trend next week.