I. price trend

According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China at the beginning of the week was 676.67 yuan / ton, while the average ex factory price at the weekend was 640.00 yuan / ton, down 36.67 yuan / ton, down 5.42%, 54.61% compared with last year.

II. Market analysis

Product: this week, the domestic sulfur market continued to be weak, the downstream demand was sluggish, the terminal purchase enthusiasm was weak, the external support was weak, the port inventory continued to increase, the consumption was slow, the industry was bearish on the future market, the market wait-and-see mood remained unchanged, and the negotiation atmosphere was cold. At present, the mainstream price of solid sulfur in East China market is 520-660 yuan / ton, and the mainstream price of liquid sulfur is 470-630 yuan / ton; the mainstream price of solid sulfur in Shandong market is about 700 yuan / ton, and the mainstream price of liquid sulfur is 520-600 yuan / ton; the mainstream price of solid sulfur in North China market is 590 yuan / ton, and the mainstream price of liquid sulfur is 510-540 yuan / ton.

Industrial chain: the downstream sulfuric acid market behaves in a differentiated operation, with market ups and downs showing each other. The supply of smelting acid in Shandong Province is increasing, the acid price is greatly reduced, and some acid enterprises are flexible to increase according to the inventory. Affected by the environmental protection and transportation inspection, the transportation is inconvenient, and the prices in Henan, Shanxi and other places are lower. In North China, the peak shifting production orders were issued in many heating seasons. In addition, the demand follow-up was insufficient. The sulfuric acid market was still weak in terms of supply, and the support of market good news was limited. It is expected that the price market will be sorted out and operated.

Industry: according to the price monitoring of the business agency, in the 46th week of 2019 (11.18-11.22), there are 19 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are isopropanol (9.31%), acetone (6.28%) and acrylic acid (3.24%). There are 26 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 3.5% of the number of commodities monitored in this sector; the top 3 products falling are caustic soda (- 11.61%), epichlorohydrin (- 8.58%) and sulfur (- 5.42%).

III. future forecast

According to the sulfur analysts of the business association, at present, the sulfur market continues to consolidate its weakness, lacks the guidance of substantive information on the market, and has a strong wait-and-see mood. In the absence of obvious changes in the supply and demand situation, the short-term sulfur market is expected to maintain its weakness and stability.

I. price trend

According to the monitoring data of business agency, the price trend of soda ash this week was stable. In the week, the average market price in East China was 1713.33 yuan / ton by the end of the week, down 26.67 yuan / ton, or 0.96%, compared with the weekend price last year, down 19.31% year-on-year. On November 24, the commodity index of light soda ash was 87.86, the same as yesterday, down 25.45% from 117.86 (2017-11-21), the highest point in the cycle, and up 39.13% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Products: the domestic soda price has remained stable as a whole this week, the market continues to be weak and downward, the trading atmosphere is cold, the downstream of light soda is purchased on demand, flexible trading, at present, the mainstream factory price of domestic light soda is 1450-1750 yuan / ton; the mainstream terminal price of domestic heavy soda is 1800-1900 yuan / ton, and the actual transaction price is mainly negotiated. The heavy alkali market is mainly consolidated, the focus of market transaction is smooth operation, there is no obvious price adjustment for the quoted enterprises, the delivery situation of the manufacturers is acceptable, the delivery pressure of the soda ash manufacturers increases, and the manufacturers mostly implement the end of month pricing.

In terms of supply: domestic soda market is oversupplied, market trading atmosphere is cold, traders are cautious, and actual trading is deadlocked. The starting load of Dalian Dahua plant will gradually increase, and the output will gradually increase in the later period, and some areas will be affected; the unit starting rate of the enterprise will reach about 84% in the week, and the maintenance enterprise will not have a substantial impact on the production capacity. In addition, the northwest region will be affected by the weather, which will bring a lot of inconvenience to the traffic in the snow season, and the freight will be increased, which will be unfavorable to the soda enterprise’s shipment; on the other hand, pure There is no pressure from environmental protection policies in alkali enterprises, which leads to the continuous increase of enterprise inventory. Therefore, the stock pressure of the manufacturers is still there, and the traders hold the wait-and-see state, so the soda ash market as a whole is not optimistic.

Demand: limited by environmental protection factors, the demand for light soda ash from terminal products is weak, and there is no incremental demand or improvement for heavy soda affected by stable production of glass. The market of glass enterprises is not optimistic, the downstream just needs to pick up goods, and the industry procurement is stable, so it is difficult to make a breakthrough. Under the influence of environmental protection, the starting load of downstream enterprises tends to be weak and stable.

III. future forecast

Analysts of soda ash business association believe that: the demand in the downstream of soda ash is limited, the market is not optimistic, and under the influence of cost pressure, the market oversupply reduces the price. On the other hand, the downstream maintains a rigid demand for replenishment, with a stalemate wait-and-see focus. At present, the manufacturer has a lot of inventory, a lot of shipping pressure and imbalance between supply and demand. In the short term, it is difficult to improve the downstream demand. The market trend is under pressure. It is expected that the market situation of soda ash will remain weak in the short term, depending on the inventory situation and the downstream market demand.

I. price trend

According to the data of the business club’s bulk list, the weak consolidation operation of pure benzene this week has basically stabilized the price. The price of pure benzene on Friday is 5250-5400 yuan / ton, which is stable compared with last Friday.

II. Analysis and comment

1. Products: the port inventory of pure benzene is low this week, and the spot supply is tight to support the pure benzene market. However, the downstream profit level is low, which limits the recovery of pure benzene market.

2. Crude oil: this week’s crude oil fluctuated broadly. Affected by OPEC’s possible extension of production reduction period, the overall oil price is higher than last week. WTI was up 1.3% and Brent was up 1.95% compared with November 15. But at present, crude oil price has little influence on the price of pure benzene.

3. Related industries: downstream styrene fell 1.13% after rising this week; aniline enterprises reduced price to promote shipment, down 6.64% this week. The price of aniline was high last month and the profit was large, but this month’s consecutive decline of aniline hit the pure benzene market.

III. future forecast

1. Crude oil: in the next week, production reduction activities will support the rise of oil prices, but economic data and other constraints on oil prices may continue the pattern of shocks.

2. Domestic market: at present, the overall supply and demand of pure benzene market are weak, and the sense of market direction is not strong. In addition, the supply of hydrogenated benzene in North China will resume, and Zhejiang Petrochemical will soon pilot production, which may increase the impact on the pure benzene Market in the future.

Comprehensive consideration, it is expected that the short-term pure benzene will still be weak in the overall operation.

I. price trend

The overall operating atmosphere of EPS market is poor, some prices in the spot market continue to decline, and the downstream mainly purchases on demand, while the upstream and downstream fail to provide sufficient support for the spot market.

II. Market analysis

EPS Market: EPS market price fell, Wuxi Xingda EPS factory price, common material quotation is 9100 yuan / ton. The ex factory price of Hairong EPS in Dongying is 9100 yuan / ton for common materials. The ex factory price of Jiangyin Hupao EPS is 9200 yuan / ton for common materials.

III. future forecast

The EPS market is generally stable. At present, it is difficult to effectively improve the market’s dull atmosphere. The quotation is stable and slightly adjusted. The downstream market is still weak in buying and the actual transaction is deadlocked. It is expected that EPS market will still have the possibility of narrow range and weak consolidation operation

I. price trend

Market analysis of potash products

(photo source: Commodity analysis system of Business Club)

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

II. Analysis of influencing factors

Product: at present, the consolidation trend of potash market is dominated by the consolidation of upstream raw material potassium chloride price, which has no supporting effect on the price of potash. The market of potash is relatively stable, while the demand side is weak, which restrains the price increase, and the price adjustment range is not large. Part of the manufacturer’s devices are shut down for maintenance, the market momentum of low inventory purchase is general, and the quotation is mainly consolidated. According to the statistics of business agency: in November, the main quotation range of domestic industrial potassium carbonate is about 6200-6500 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

III. future forecast

Potash analysts of the business association believe that the trading atmosphere of potash market is cold and difficult to close. In the short term, the price of potash may be mainly consolidation, and the long-term market still needs to wait and see, mainly affected by the demand side.

I. price trend

According to the data of the business club’s large scale list, the price of pure benzene rose this week after falling. The price of pure benzene fell in 5050-5400 yuan / ton last Friday, and the price of pure benzene was 5250-5400 yuan / ton this Friday, up 0.18% compared with last Friday.

II. Analysis and comment

1. Products: the market demand for pure benzene at the beginning of the week was weak, and the price was lower. However, the reduction of hydrogenated benzene production led to the decrease of supply, driving the price of pure benzene higher in North China. Tight spot supply and drop in port inventory led to short covering, which drove the price of pure benzene to continue to rise.

2. Crude oil: this week’s crude oil range fluctuated, affected by economic data, progress of trade negotiations and US crude oil inventory. WTI was up 1% and Brent was up 2.46% compared with November 8.

3. Related industries: this week’s downstream styrene fell 2.63%; aniline rose or fell 9.96% this week. Depressed downstream market, limit the growth of pure benzene.

III. future forecast

1. Crude oil: next week, the oil price may continue to fluctuate.

2. Domestic market: the supply and demand of coking industry has been improved, the support surface of hydrogenated benzene is strong, and the subsequent driving force is still strong. In addition, the port inventory is low, and the spot market supply is tight, which has strong support for the bottom of pure benzene. But at present, the profit of downstream enterprises is small, the demand is weak, and the increase is limited.

Overall, it is expected that pure benzene will rise slightly in the later period driven by the market.

I. price trend

According to a large number of data in the list of business agencies, the domestic propylene (Shandong) market price has declined after rising recently, showing a peak trend. At the beginning of the week (November 11), the average price of enterprises is 7321 yuan / ton. On Wednesday and Thursday, the average price of enterprises is 7399 yuan / ton. At the end of the week (November 17), the average price of enterprises is 7316 yuan / ton, with a weekly decrease of 0.06% and a weekly amplitude of 1.13%.

II. Analysis and comment

Product: the price of propylene began to decline from the end of October. On the first day, it still fell by 50-100 yuan / ton. On the weekend, the price began to rise by 150-200 yuan / ton. On the sixth day, the price began to maintain stability. On the twelfth day, the price of the enterprise recovered. On the fourteenth, the price of the enterprise began to decline. At present, the market turnover is still around 7200-7550 yuan / ton, and the mainstream price is 7250 yuan / ton. Propylene inventory is still low.

Industry chain: upstream, the overall market of international crude oil market is relatively ideal, which has a certain positive effect on propylene. In the downstream, the demand for shutdown and maintenance of some downstream units in Shandong Province has decreased, which has a negative impact on propylene market.

Recently, PP spot market fell slightly, with a weekly decline of 0.59%, which had little impact on propylene.

The price of acrylic acid in China is stable this week, which has no impact on the price of propylene.

Propylene oxide has stabilized after a small rise in recent days, with a weekly increase of 1.03%. The market is average, which has a slight effect on propylene market.

However, epichlorohydrin prices continued to decline sharply this week, with a weekly decline of 9.22% and a daily decline of 11.45% from December to 13th. Its downstream epoxy resin restricted its market. In the short term, it was dominated by weak consolidation, which had a suppressive effect on propylene market.

In recent days, the n-butanol market rose slightly, with a weekly increase of 1.36%, but it was not optimistic in the later stage, with limited impact on propylene.

Octanol prices fell slightly this week, down 0.95%, after the market or low consolidation, little impact on propylene.

Isopropanol prices rose this week by 3.93%, and may continue to rise in the future, but there is limited room to do so, which has a positive impact on propylene market.

Phenol market fell 2.07% this week, with weekly amplitude reaching 3.24%, which has a certain suppression effect on propylene.

Acetone market was up 6.23% this week, and the focus continued to push up, which has a positive effect on propylene.

III. future forecast

According to the propylene analyst of the chemical branch of the business society, in general, the propylene market has declined after rising in recent days, generally maintaining stability. At present, propylene inventory is low, crude oil and PP market are still ideal, but some downstream units are shut down, so it is expected that propylene market price will still be lowered in recent days.

I. price trend

This week’s lead market (11.11-11.15) was slightly lower. The average price in the domestic market was 16125 yuan / ton at the beginning of the week and 15825 yuan / ton at the end of the week, down 1.86%.

On November 15, the lead commodity index was 96.31, up 0.11 points from yesterday, down 28.13% from 134.01 (2016-11-29), and up 29.05% from 74.63, the lowest point on March 19, 2015. (Note: cycle refers to 2011-09-01 to now).

II. Market trend analysis

Domestic market: from Nov. 11 to Nov. 15, the price of Lunzhou lead fell all the way, and it was below the average. This week, Lund’s lead inventory has been reduced by 2900 tons. In terms of Shanghai lead, 1912, the main force of Shanghai lead, was converted into 2001 contract this week. The mainstream price fluctuated between 15660-16100. During this period, it continued to decline after falling below the key position of 16000. At one time, it fell to the vicinity of 15700. Although it tried to rush to a high of 16100, it lacked the support of good news. In the spot market, the mainstream price of spot lead this week was 15750-16150 yuan / ton, which was dragged down by the futures market, and the spot market continued to decline. The market turnover situation was better than last week, but the refinery’s enthusiasm for shipment was not high, and the discount was narrowed. As of Friday, the mainstream quotation of domestic lead general brands had a discount of 10 yuan / ton to 10 yuan / ton for the 1912 contract. Market brands of lead are concentrated in Shanghai Jinsha, Nanfang lead, Henan Yuguang, wanyang, Jinli, etc., and most of them are long single transactions. This week, the market performance of recycled lead was strong, and the price difference with spot lead was further reduced to about 300 yuan / ton. Downstream battery enterprises still mainly purchase recycled lead, but most of them have purchased on demand.

Major domestic events:

A large number of waste lead-acid batteries have entered the black market with huge environmental pollution problems: the official website of the Ministry of industry and information technology released the guide for construction and operation of new energy vehicle power battery recycling service outlets (hereinafter referred to as the “guide”) on July 7. The guide clearly requires that new energy vehicle manufacturers should establish collection type recycling service outlets in the administrative areas (at least prefecture level) where new energy vehicles are sold.

Quanzhou will build a waste lead-acid battery collection and transfer project, which will recycle 50000 tons of waste batteries every year. Recently, Quanzhou ecological environment bureau announced the EIA report form of the battery centralized collection and transfer technical transformation project of Quanzhou Kaiying power appliance Co., Ltd., which will be published until November 20, 2019. At the beginning of the plant’s construction in September 2000, Kaiying company had a production scale of 4 million small plates. In 2005, it completed the technical transformation project of 4 million small plates to 4 million large plates. In June 2012, it completed the operation of the battery assembly line. In 2014, after the lead workshop was rebuilt and expanded in different places, the new and old plant areas of Kaiying company were managed independently, and the environmental protection facilities were operated independently.

Nonferrous Industry: this week’s data in Europe and the United States was lower than expected, the U.S. dollar index was high and volatile, and basic metals fell across the board under the pressure of short return.

III. future prospects

Next week, the US data is expected to be moderate, and the US dollar is expected to fall back at a high level. The domestic metal market will attract long-term delivery of spot goods. Under the condition of loose capital, support for base metal repair fell sharply this week, and some metal items that can be supported by the fundamentals are expected to recover. The spot lead market is expected to fluctuate in the 15700-16000 range next week.

I. price trend

According to the data monitored by the business club, the downward atmosphere of PC did not improve, and the weak operation was maintained. Today, the market comprehensive price is 13533.33 yuan / ton.

II. Cause analysis

In terms of products: the high level of domestic PC product inventory is hard to alleviate, the downstream purchase atmosphere is poor, the mentality of the industry is gloomy, the cost pressure of the enterprise is increasing, and the contradiction between supply and demand still exists. Today, the latest price of Shanghai keschuang is 14550 yuan / ton, the latest price of Luxi Chemical is 12900 yuan / ton, Lihua yiweiyuan is 13150 yuan / ton, and the price of injection grade low-end materials in East China market is 13700-16200 RMB / T, and RMB 15800-17800 / T for medium and high-end negotiation.

Industry chain: raw material bisphenol A is running at a low level, the upstream phenol price is low, the cost support is weak, the factory shipping pressure is increasing, and the price of Shandong goods is low, all of which form a certain negative restriction on the market. The negotiation focus is gradually low, and the business purchase is more cautious, and the negotiation focus is continuously low.

On November 11, the rubber and plastic index was 669, the same as yesterday, down 36.89% from 1060 (2012-03-14), the highest point in the cycle, and up 16.15% from 576, the lowest point on December 21, 2015. (Note: cycle refers to 2011-12-01 to now)

III. future forecast

PC analysts of business club believe that the domestic PC market is weak and volatile this week, and it is still difficult to improve the situation of the contradiction between supply and demand in the market.

I. price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong this week was temporarily stable, with the quotation of 1756.67 yuan / ton, down 16.90% year-on-year from the same period last year. On the whole, the urea market this week was temporarily stable, with the urea commodity index at 81.71 on November 8.

II. Market analysis

Product: the mainstream urea factory price in Shandong this week is temporarily stable. The quotation of Yangmei plain urea this week is 1800 yuan / ton, which is temporarily stable; the quotation of Shandong Ruixing urea this weekend is 1650 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the shutdown and maintenance of the urea equipment in Mingshui chemical industry is expected to reach 15.

Market demand: in recent years, some enterprises have reduced production and overhaul, and the domestic urea enterprises have seen a significant decline in starting work. At present, the operating rate is about 60%, and the daily output is about 120000 tons, the lowest level since 2019. In terms of demand, domestic demand is weak and hard to change. At present, there is no strong support in the domestic market. It is expected that the weak operation of the domestic urea market will prevail before the bid opening in India.

Industry chain: upstream products fell: natural gas prices fell, and the quotation dropped from 4366.67 yuan / ton at the beginning of the week to 4126.67 yuan / ton at the end of the week, down 5.50%, down 3.81% year-on-year compared with the same period last year; the price of liquid ammonia fell slightly this week, from 3236.67 yuan / ton at the beginning of the week to 3216.67 yuan / ton at the end of the week, down 0.62%, down 3.31% year-on-year. Overall, the urea cost support this week is weak 。 However, the price of melamine in the downstream of urea fell slightly this week, from 6100.00 yuan / ton at the beginning of the week to 6000.00 yuan / ton at the end of the week, down 1.64%. The general purchasing capacity in the downstream had a negative impact on the price of urea. At the same time, the lower level of downstream compound fertilizer production has a negative impact on urea.

III. future forecast

In the middle of November, the urea market in Shandong Province was dominated by low consolidation. After the adjustment in October, the capital return of each factory was in good condition, the operating rate picked up, and the production capacity rose. Urea analysts of business association believe that the demand for agriculture in Shandong Province has declined, which is weak and hard to change. In addition to the low starting level of compound fertilizer enterprises, the industrial demand has also declined. It is expected that the urea market in Shandong Province will be dominated by low consolidation in the middle of November.

I. melamine price trend:

According to the data of the business club’s large scale list, the domestic melamine market price fell this week, down 1.64% compared with the beginning of the week (November 4), and the mainstream domestic melamine price on November 8 was 5200-5600 yuan / ton.

II. Market analysis:

Product: domestic melamine market price fell this week. Melamine operation rate is at a high level, the supply of goods is sufficient, and the demand is not good. Most downstream manufacturers are cautious in receiving goods and purchasing on demand, most of which focus on wait-and-see. At present, the mainstream price of melamine market in Xinjiang is around 4900 yuan / ton; the mainstream price of melamine market in Sichuan is around 5400 yuan / ton; the mainstream price of melamine market in Henan is around 5600 yuan / ton. The main quotation of melamine market in Shandong is around 5600 yuan / ton.

Industrial chain: the ex factory price (11.4-11.8) of urea in Shandong in the upstream of this week is running smoothly. The upstream liquid ammonia price (11.4-11.8) fell slightly, down 0.62%. Downstream papermaking, plate, molding plastics and other industries started in a downturn, the actual demand is still poor, and the confidence of the industry is insufficient.

3. Future forecast:

Melamine analysts of the business association believe that the price of raw urea is stable this week, the price of liquid ammonia is slightly lower, and the cost is slightly weakened in the face of melamine support. The domestic melamine operation rate is at a high level. Due to the weak downstream demand and limited digestion capacity of melamine sources, it is expected that the domestic melamine market will be weak and stable in the short term, and more attention should be paid to the upstream raw material price changes.

I. price trend

According to the price monitoring of the business agency, the ex factory price of domestic refrigerant R22 began to improve this month, and the situation of price falling again and again improved. On October 31, the average ex factory price of mainstream manufacturers was 14166.67 yuan / ton, 14333.33 yuan / ton compared with the average price at the beginning of the month (08), down 1.16% in the month, down 23.42% compared with the same period last year.

II. Market analysis

Product: R22 market of refrigerant market began to improve in October, mainly due to the limited quota of manufacturers and the decline of overall operating rate of the industry, which led to the rise of prices. The overall trend of domestic hydrofluoric acid price continued to decline, and the delivery situation of on-site manufacturers was still not improved. In addition, the domestic hydrofluoric acid plant maintained a high operating rate, the domestic spot supply was sufficient, some manufacturers continued to reduce the factory price, and the cost was negative in the face of refrigerant. Near the end of the month, R22 production and domestic sales quotas are tightening, some manufacturers have maintenance plans, market supply is further reduced, small packaging is in short supply, and some businesses are out of stock, so quotation is suspended. According to the data monitoring of Yishe, as of October 31, the quotation of R22 of Zhejiang Juhua Co., Ltd. is 16500 yuan / ton, that of Zhejiang lengwang technology is 13500 yuan / ton, and that of Longxun trade is 12500 yuan / ton, with the price concentrated around 12500 yuan / ton – 16500 yuan / ton.

Industry chain: the price of upstream products in domestic hydrofluoric acid market has fallen sharply, the operation of domestic hydrofluoric acid plant is stable, the supply of goods in the site is sufficient, the situation of goods in hydrofluoric acid market is not good, and the market price keeps falling. The domestic trichloromethane market of upstream products continues to maintain a low level. At present, the trichloromethane market is in the traditional off-season and the price remains low.

Industry: according to the price monitoring of the business association, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%) There are 40 commodities with a decline of 5% or more, accounting for 4.7% of the monitored commodities in the sector; the top three products with a decline are DMF (- 7.88%), butadiene (- 6.73%) and acrylic acid (- 5.88%) This week’s average was – 0.61%.

III. future forecast

According to the refrigerant analyst of the business club, R22 manufacturers are affected by quota restrictions, and some manufacturers’ maintenance plans. The market supply is reduced, and traders’ enthusiasm for hoarding is increased. R22 quotation shows a stable upward trend, and it is expected that the refrigerant R22 market will be stronger in the short term.

In October, the domestic liquid ammonia market performance was sluggish and the price fell. At the end of the month, some regions recovered slightly. According to the monitoring of the business agency, the drop of the liquid ammonia Market in Shandong was 1.32%, the overall market atmosphere was relatively low, and the market expectation for the later period was low.

In terms of supply, the overall supply of liquid ammonia Market in October was loose, and the unit operating rate of the enterprise was slightly higher. The staggered peak and limited production in Shanxi Province and limited transportation in Wuhan, Hubei Province lead to the tight supply of liquid ammonia in some regions. However, the start-up of other liquid ammonia enterprises is still at a high level. As the liquid ammonia plant in Hubei Province enters the recovery period in the middle and late ten days, the price of liquid ammonia has declined. In addition, in the near future, manufacturers in Anhui Province have maintenance plans. In the next month, the operating rate of liquid ammonia enterprises will be reduced, and the local liquid ammonia market may pick up, but nationwide, the overall trend of liquid ammonia is still not optimistic.

In terms of demand, the demand for liquid ammonia in October is relatively weak. First of all, the downstream operating rate remains low, and under the double pressure of environmental protection and safety, the operating rate of some chemical enterprises continues to be low, and the sales progress of compound fertilizer enterprises is slow, and the production enthusiasm is not high, especially when small and medium-sized compound fertilizer enterprises stop production or reduce production. The purchase volume of raw liquid ammonia is very high In the aspect of phosphate fertilizer, the demand of phosphate compound fertilizer has entered the window period, the fertilizer land in autumn market has gradually shrunk, some enterprises have stopped for maintenance, and the demand for liquid ammonia has shrunk. At the same time, Hubei Province, which accounts for 40% of the production capacity of phosphate fertilizer enterprises, is partly affected by the military games and has a large production limit.

In the future, the business community believes that the liquid ammonia market may continue to maintain a weak position in the short term, mainly affected by the weak demand in most regions, resulting in overstocking of inventory. The recent market does not exclude the possibility of continuing to explore low.