1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

The market of propylene oxide rose sharply in September. As of September 28, the average price quoted by propylene oxide enterprises was 18733.33 yuan / ton, an increase of 37.07% compared with September 1, and an increase of 85.48% over the same period of three months.

In the first half of September, the market of propylene oxide was strong and upward. On the 15th, the average price quoted by propylene oxide enterprises was 15466.67 yuan / ton, which was 13.17% higher than that on the 1st day (13666.67 yuan / ton). The main reasons for the increase were that there was no accumulation of propylene oxide plants, the downstream transmission was positive, the volume price follow-up was stable, the market trading was smooth, and the main offer continued to rise.

The propylene oxide market continued to rise in the second half of September. As of the 28th, the average price quoted by propylene oxide enterprises was 18733.33 yuan / ton, which was 18.57% higher than that on the 16th (15800 yuan / ton). The main reason for the rise was the growth of terminal demand, the continuous shortage of propylene oxide supply and the continuous rise of the market. At present, the inventory of propylene oxide plant is still under no pressure, the holiday is approaching, and the market trading rhythm is slowing down. However, the main downstream still maintains stable procurement, and the market continues to rise. On the 28th, the mainstream quotation of propylene oxide Market in Shandong was around 18300-18700 yuan / ton.

Upstream propylene, as of September 28, the market price of propylene in Shandong was almost stable. According to the price chart of the business agency, since September 1, the price of propylene has been rising all the way, and the upward range is getting bigger and bigger. Up to the fourth day, the total price rose by 300 yuan / ton. From the seventh to the tenth, the first round of downward adjustment occurred, with a total reduction of 100-150 yuan / ton. After that, it was slightly stable. From the 13th, the price went up again, up 350 yuan / ton on the 17th. On the 17th, the price remained stable, and the price decreased slightly on weekends On the 21st, some enterprises went down 50-100 yuan / ton, and from Monday 21, the prices were generally stable. On the 24th, the prices of individual enterprises began to decline slightly, and on the 25th, the prices of some enterprises showed a slight upward trend. Today, the prices of enterprises have hardly moved. The market transaction is still between 7300 and 7650 yuan / ton, and the mainstream price is still around 7450 yuan / ton. Most propylene manufacturers have controllable inventory.

According to the price monitoring data of downstream n-propanol, as of September 28, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11366.67 yuan / T, down 3.12% compared with the price at the beginning of the month; the overall market price of propylene glycol in downstream was stable in September. According to the monitoring data of business agency, as of September 28, the average ex factory price of domestic propylene glycol was in reference Compared with the price at the beginning of the month, the price of ke9166.67 yuan / ton increased by 17.52%; as of September 27, the downstream soft foam polyether market was in consolidation and operation, the price of raw material propylene oxide was high, the cost support was strong, and the downstream was resistant to the high price. The new order was followed up and reduced, but there was still a small amount of stock, and the transaction was OK.

3、 Future forecast

The propylene oxide analysts of the business agency believe that the recent high price of raw material propylene, propylene oxide plant inventory is still not under pressure, the holiday is approaching, downstream just need to purchase, high wait-and-see sentiment is strong, it is expected that in the short term, the propylene oxide market will be mainly high-level wait-and-see operation, and more attention should be paid to the market information guidance for the specific trend.

International crude oil prices fell, gasoline market maintained rigid demand, gasoline market prices fell slightly, MTBE market purchasing enthusiasm was not high before the festival, market prices fell slightly. The price of MTBE on September 25th was 2593 yuan / ton, down 4.43% from the price at the beginning of the week, according to business agency data.

With the Mid Autumn Festival holiday approaching, residents have increased their driving trips, but the temperature has dropped, the fuel consumption of gasoline air conditioning has decreased, and the overall consumption of gasoline has maintained a just demand. In addition, the international oil price has declined, and the domestic oil product market price has declined slightly. At present, there are abundant gasoline resources in the market, the inventory is at a high level, the purchasing enthusiasm of MTBE and other intermediate materials is not high, and the market demand of MTBE is greatly limited. MTBE manufacturers are mainly to reduce prices to promote inventory.

According to the MTBE product analyst of energy branch of business agency, the crude oil price is expected to decline in the international crude oil market, and the upward trend of crude oil price is weak. However, after the mid autumn National Day festival, the gasoline market will usher in a replenishment peak, and the demand for MTBE and other intermediate materials will be supported, and the domestic MTBE market price is expected to rise.

According to the data monitored by the business agency, at the beginning of the week, the average ex factory price of domestic light potassium carbonate was 6175.00 yuan / ton, and the average price of domestic light potassium carbonate was 6187.50 yuan / ton at the weekend, with an increase of 0.2%. The current price was down 0.2% month on month, and the current price was 3.88% lower than last year.

This week, the domestic potash market rose slightly, and the atmosphere was general. The demand for raw materials of downstream factories is relatively light, so purchasing on demand can restrain the price increase, and the price adjustment range is not large. According to the statistics of the business agency: this week, the mainstream factory quotation range of industrial grade potassium carbonate in China is about 5900-6400 yuan / ton (the quotation is for reference only), and the quotation is different according to the purchase situation.

This week, the market of potassium chloride is high and firm, and the supply of port import potassium is relatively sufficient. However, most of the goods are concentrated in the hands of traders to control the sales. The actual transaction is relatively light and small orders are mainly used. On the formation of certain support for potassium carbonate, potassium carbonate market rose slightly.

Potassium carbonate analysts of the business club believe that the potash fertilizer market has maintained a strong trend in the near future, traders’ quotation has not been adjusted greatly, and the supply of imported potassium is relatively sufficient. It is expected that the price of potassium carbonate will rise slightly in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of business club for reference only. Please contact relevant manufacturers for more price details.).

1、 Price trend

According to the data of business agency, on September 18, the average price of domestic LNG was 2373.33 yuan / ton, up 0.14% from the beginning of the week, 1.39% lower than the beginning of the month, 3.26% month on month, and 18.16% lower than the same period last year.

2、 Analysis of influencing factors

This week, domestic liquefied natural gas prices first depressed and then rose slightly. At the beginning of the week, the domestic LNG level was slightly higher, the liquid price was slightly lower, and the shipment was smooth in the middle and late weeks, and the price was steadily increased. At present, the domestic LNG market as a whole is still operating stably, with the rise and fall of individual regions showing mutual rise and fall. The quotation of liquid plants is adjusted in a narrow range according to their own shipment situation. Among them, Shaanxi, Ningxia, Inner Mongolia and other places have a strong atmosphere of adjustment, but the increase is not large. After the continuous price reduction in the early stage, the current inventory pressure is not big, the shipment situation is improved, the superimposed weather turns cool, the bad factors in the off-season demand gradually fade, the market transaction is stable, and the market is expected to continue to rise, but the market supply is abundant, or will inhibit the liquid price to have a large increase. In the short term, the domestic LNG market may continue to be stable and fluctuate slightly.

In terms of supply and demand, the overall operating rate is around 60% this week, and the operating rate in some areas has decreased. On the 18th, Hubei Huanggang liquid plant resumed production and sales, and other liquid plants with larger production capacity also have plans to start operation in the near future, and the on-site supply has steadily increased. In the near future, the arrival time is dense, the import gas is sufficient, and the price is relatively stable. The downstream vehicle demand is better, the industrial gas consumption is slightly improved, the overall market demand is better than before, but less than expected, and the support is limited.

Natural gas production slowed down in August, according to the National Bureau of statistics. The growth rate of natural gas import has changed from negative to positive. In August, 14.2 billion cubic meters of natural gas were produced, with a year-on-year increase of 3.7%, and the growth rate was 1.1 percentage points slower than that of the previous month; the average daily output was 460 million cubic meters, which was the same as last month. From January to August, 122.5 billion cubic meters of natural gas was produced, an increase of 8.8% year on year. In August, the import of natural gas was 9.36 million tons, up 12.3% year-on-year, and decreased by 6.4% last month. From January to August, the import of natural gas was 65.07 million tons, with a year-on-year increase of 3.3%.

As of September 18, the average price of domestic LNG was 2373.33 yuan / ton, that of Inner Mongolia was around 2380 yuan / ton, that of Shaanxi was 2490 yuan / ton, that of Shanxi was 2610 yuan / ton, that of Xinjiang was 2410 yuan / ton, and that of Ningxia was 2390 yuan / ton. The overall price of liquid was stable and fluctuated in a narrow range.

Production capacity rose and fell on September 14

Inner Mongolia Shitai 550000 cubic meters / day 2350 yuan / ton 2350 yuan / ton

Star energy 1 million cubic meters / day 2400 yuan / ton 2400 yuan / ton 0

Inner Mongolia Sentai 1.2 million cubic meters / day 2350 yuan / ton 2350 yuan / ton

Zhongyuan green energy 3 million cubic meters / day 2370 yuan / ton 2360 yuan / ton 10

Shengdazizhou: 1 million cubic meters / day, 2450 yuan / ton, 2450 yuan / ton

Dazhou Huixin: 1 million cubic meters / day: 2930 yuan / ton: 2930 yuan / ton

Ningxia Hongxing 1 million cubic meters / day 2400 yuan / ton 2380 yuan / ton 20 yuan

Qinshui Xinao — 2700 yuan / ton 2700 yuan / ton 50 yuan

Xinjiang Qinghua: 300000 cubic meters / day: 2700 yuan / ton: 2700 yuan / ton

Naomao lake, Xinjiang (east of Lanzhou) 1.5 million m3 / day, 1900 yuan / ton, 1900 yuan / ton

For the downstream liquid ammonia, the domestic liquid ammonia market remained stable in most regions this week, while Hebei continued to maintain the steady state last week. The price in Shandong first fell and then rose, and the price stabilized at the weekend, At the beginning of this week, the price of liquid ammonia in Shandong decreased for two consecutive days, the range was about 150 yuan / ton, and the price rose slightly at the weekend. Before the beginning of the week, the main equipment of large factories was still in the maintenance period, the liquid ammonia shipment increased significantly, the manufacturers’ inventory pressure gradually increased, and the enterprise’s quotation was mainly based on the corresponding margin. However, at the end of the week, the enterprise’s equipment material returned to stability, so the price stabilized and rebounded slightly In the near future, prices will remain stable.

Urea, Shandong urea factory quotation rose. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply. The average price of urea is expected to rise after short-term fluctuation of 1700 tons.

Due to the influence of enterprises’ negative pressure and low inventory, the spot supply of dichloromethane in Shandong decreased slightly. In addition to the high price of liquid chlorine for raw materials, the price of dichloromethane in Shandong Province rose strongly. At present, the inventory pressure of dichloromethane production enterprises in Shandong is not big. In addition, some traders prepare goods before the festival, and the downstream buyers have a strong mentality, and the enterprises have good intention of supporting prices. It is expected that they will be strong in a short period of time.

3、 Future forecast

LNG analysts from the business agency believe that: as the weather turns cool, the effect of negative factors in the off-season is weakening, the market trading is relatively stable, and the shipment in some regions turns smooth, and the price rises. However, near the holidays, in order to avoid poor transportation during the holidays, the factories usually promote before the festival, and the on-site supply is abundant. It is expected that the domestic LNG market will remain stable and have a downward trend in the short term.

1、 Price trend

According to the monitoring of the bulk data of the business agency, the market of chloroform in Shandong has been running steadily. As of September 18, the average price of chloroform in Shandong was about 1830 yuan / ton, up 1.67% compared with 1800 yuan / ton at the beginning of the week, and 2.66% lower than the same period of last month.

Production capacity and operation of the enterprise

Shandong Jinling 440000 tons / year, Dawang plant is full load, Dongying plant is 60%

Dongying Jinmao 120000 tons / year parking

Luxi Chemical Industry: 400000 tons / year: 80%

Jiangsu Liwen 160000 tons / year normal

Jiangxi Liwen: 120000 tons / year: 50%

Due to the impact of enterprise burden reduction and low inventory, the spot supply of chloroform in Shandong decreased slightly. In addition, the price of chloroform in Shandong was strong and upward. The price of chloroform in East and South China was driven by the influence of Shandong. At present, the quotation of Shandong Province is about 1800 yuan / ton, that of Jiangxi Liwen is about 2300 yuan / ton, and that of Jiangsu Province is about 2650 yuan / ton.

In the upstream market, affected by the strong trend of futures, the quotation of methanol market in various regions has also increased to varying degrees. Some production enterprises temporarily shut down their devices, and the shipment of enterprises is fair, and the manufacturer’s offer is firm. It is expected that the domestic methanol market will fluctuate at a high level in the short term, at present, it is about 1807 yuan / T; the liquid chlorine market is at a high level, and the enterprise’s inventory is declining, and the maintenance of some devices has not been restored Moreover, the supply and demand in the industry is relatively balanced. At present, the mainstream quotation in the industry is about 700-900 yuan / ton.

Under the influence of high cost pressure, the price of refrigerants has risen, but the support of the demand side is not enough, the demand of downstream car manufacturers is less, and the export is also poor. For the sudden surge of refrigerant, the receiving capacity is insufficient, and the enterprises are not able to ship. At the same time, the supply is abundant, and there are plans for new production capacity to enter the market. The contradiction between supply and demand is likely to deepen. Some enterprises have the phenomenon of cost inversion, and the future market situation is still not optimistic. The pharmaceutical and agricultural solvent industry started smoothly, and there was insufficient support for chloroform.

According to the methane chloride data of the business society, the inventory pressure of chloroform production enterprises in Shandong is not large at present. In addition, some traders prepare goods before the festival, and the downstream buyers have a strong mentality, so the enterprises have a good intention of supporting prices and are expected to run stably in a short period of time.

According to statistics, the price trend of domestic fluorite is temporarily stable. As of the end of the week, the average price of domestic fluorite was 2655.56 yuan / ton, which was the same as the price of 2655.56 yuan / ton at the beginning of the week, with a year-on-year decrease of 7.72%.

The price trend of domestic fluorite market is fluctuating. Recently, some manufacturers have reported that their goods are not in good condition, the downstream demand has not improved, and the fluorite price has not changed much. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is not good, and the fluorite market price remains stable temporarily. In the near future, the downstream hydrofluoric acid market price remained low, and the terminal downstream on-demand procurement was dominant, and the purchasing sentiment was not strong. As of the 18th day, the price of 97 fluorite wet powder in Inner Mongolia was 2400-2600 yuan / ton, the mainstream of 97 fluorite wet powder negotiation in Fujian was 2500-2700 yuan / ton, the price of 97 fluorite wet powder in Henan was 2600-2700 yuan / ton, and the price of 97 fluorite wet powder in Jiangxi was 2600-2700 yuan / ton, Recently, the domestic fluorite price remains stable.

The price trend of hydrofluoric acid downstream of fluorite is stable. As of the 18th day, the domestic hydrofluoric acid market price was 8460 yuan / ton. This week, the hydrofluoric acid market price remained low. The low hydrofluoric acid market price had a negative impact on the upstream fluorite market, and the fluorite market price trend was temporarily stable. In recent years, the sales market of automobile industry is general, but the market of refrigerant downstream of the terminal is slightly lower. There is no obvious improvement in the demand for refrigerants. The foreign economy is recovering continuously. However, the export of refrigerant terminal has not changed much. However, the domestic air-conditioning industry starts at a low level and the demand for maintenance and after-sales service is weak. On the whole, foreign demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, and the inventory is in a reasonable range. Although the market price has increased, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 15000-15500 yuan / ton 。 The domestic R134a market has risen, the automobile market industry continues to be depressed, the demand is weak, the market trading center has shifted downward, and the transaction atmosphere is light. There is sufficient supply of goods in the market, and there are new production capacity entering the market in the future market. The competition is fierce. The supply side gradually forms a negative situation. The price keeps falling. The downstream demand is not improved. The price of fluorite remains low.

On the whole, the market situation of downstream refrigerants is not good. In addition, hydrofluoric acid merchants have reported that hydrofluoric acid delivery is poor, and the downstream hydrofluoric acid market is in a serious deficit state. Chen Ling, an analyst at the business agency, believes that the fluorite market price may remain low in the short term.

Trade name: urea

Latest price (September 16): 1690.00 yuan / ton

On September 16, the factory price of urea in Shandong Province rose by 3.33 yuan / ton, or 0.2%, compared with that on September 14. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.

It is expected that the short-term urea market will fluctuate and rise slightly in the future: the average price quoted by manufacturers is about 1700 yuan / ton.

1、 Price trend

Price: the mainstream quotation of GPPS is 7650-8900 yuan / ton, and that of hips is 8700-9700 yuan / ton.

2、 Market analysis

PS market trend preference, offer generally up. However, the business operation is still cautious, the downstream side continues to purchase on demand, and the on-site real offer is limited. Zhanjiang Sino US PS ex factory price, 525 quotation is 8300 yuan / ton. The ex factory price of CITIC Guoan PS is 8250 yuan / T.

3、 Future forecast

PS market generally stable, some higher. Traders’ mentality is general, and most of them are accompanied by operation. The terminal demand is not improved much, and the real offer is negotiated.

On September 4, the U.S. WTI crude oil futures market prices fell sharply, with the settlement price of main contracts at $39.77/barrel, down $1.60, or 3.9%. Brent crude oil futures market price fell, the main contract settlement price to 42.66 US dollars / barrel, down 1.41 US dollars, or 3.2%. Oil prices fell, with the WTI hitting its lowest level since July, mainly due to slowing economic recovery, rising expectations, weak fuel demand, and the impact of lower oil prices in Saudi Arabia. According to monitoring, in the week of September 4, oil prices fell for three consecutive days, and the WTI fell by nearly 7%.

In the week of September 4, US stocks fell sharply for two consecutive trading days on Thursday and Friday, bringing unprecedented pressure on risky assets such as crude oil, and oil prices dragged down. The underlying reason is that the market is generally pessimistic about the prospects of economic recovery under the background of the epidemic. Indicators of the U.S. economy are also sluggish. For example, the U.S. employment data, which best reflects the economic situation, shows that the U.S. Labor Department released a non farm employment report for August on Friday, which showed that 1.37 million new jobs were created in that month, and the growth of the U.S. labor market slowed down again. This is the second consecutive month that private employment growth in the United States is lower than expected, and the prospects for economic recovery are still facing a test.

From the perspective of supply and demand, the pressure of market supply and demand can not be underestimated. Although the overall performance of US commercial crude oil inventory data on Wednesday was still good, it still failed to resist the pace of oil price downward. U.S. crude oil inventories, gasoline and distillate stocks fell last week, with U.S. crude oil inventories falling by 9.4 million barrels to 498.4 million barrels, according to the EIA report, with analysts predicting a decrease of 1.9 million barrels. This is mainly due to market concerns about future supply risks. At present, OPEC + oil producing countries have ended the record production reduction, and the scale of production reduction may be reduced in the later stage. Some market news also supports this point: earlier, the Iraqi side said that it needed to delay two months to reach the designated production reduction target, and the investigation results of some institutions showed that OPEC’s oil production in August increased by 950000 barrels / day to 2427 million barrels / day compared with the previous month, which was more than the results published by OPEC 400000 barrels / day.

According to the business agency, the recent oil price may still be disturbed by bad news from the market, and it is difficult to make a big breakthrough. On Saturday’s news, Saudi Arabia generally lowered the oil price, and the reduction rate generally exceeded the market expectation, indicating that the crude oil demand is still not optimistic. The superimposed epidemic situation is not expected to improve, and the downward risk of the US stock market is surging. All kinds of signs show that the oil price will still be under pressure in the short and medium term.

On the weekend of September 4, the domestic price of polysilicon stabilized and the price stopped rising. However, the price of silicon material is still at a high level, and the market is still in short supply. There is no sign of market correction for the time being. The main reason is that the market supply shortage is caused by the shutdown and repair or load reduction of the previous five enterprises. The price has stabilized obviously this week, thanks to the successive recovery of some production capacity in Xinjiang However, the supply increased slightly compared with the previous period. However, most of the enterprises kept their inventory at a low level, and the supply in some areas was tight, and the enterprises continued to sign orders in October. According to the monitoring of the business agency, the domestic mainstream transaction price of polysilicon with the model of first-class solar material is 68000-75000 yuan / ton.

In the near future, the silicon material enterprises in Xinjiang begin to resume production one after another. In the next two weeks, two devices in Xinjiang may reach full capacity, and the other two devices may still be in the state of load reduction and maintenance. However, the overall supply will gradually increase, the market shortage may be alleviated in the near future, and the polysilicon may continue to maintain a high level in the near future Consolidation, the possibility of continued high.

Note: the above price is tax inclusive

According to the monitoring of the bulk data of the business agency, the East China ethyl acetate market fluctuated and adjusted in August. At the beginning of the month, the average price of enterprises in East China was about 5600 yuan / ton, rising to about 5682 yuan / ton in the middle of the month, with an increase of 1.47%. At the end of the month, it dropped to about 5602 yuan / ton, an overall increase of 0.04% compared with the beginning of the month.

At the beginning of the month, affected by the maintenance of enterprises, the overall supply of domestic ethyl acetate Market declined, and the enterprises pushed up, but the increase was not large. After the middle of the month, the maintenance enterprises in the early stage recovered and the spot supply increased. In addition, the demand in the downstream market was flat, and the enterprises were forced to compete for sales. Due to the high cost, some enterprises were close to the edge of loss. At present, it is about 5450 yuan / ton in East China, 5400 yuan / ton in North China and 5750 yuan / ton in South China.

In terms of raw materials, the acetic acid market started high in the whole month, and the spot supply was sufficient. With the completion of enterprise maintenance, the situation of market supply exceeding demand intensified, and the price of acetic acid continued to decline. The ethanol market fluctuated downward, the transaction price of raw corn weakened, and the ethanol enterprise equipment gradually opened. In addition, the demand of downstream market was weak, and the transaction was soft.

The international market price of ethyl acetate fluctuated and adjusted. At present, the port price in European market is about 750-770 euro / ton; in North America, the port price is about 630-680 US dollars / ton.

The ethyl acetate analysts of the business agency believe that the current domestic ethyl acetate Market bearish sentiment still exists, the situation of market supply exceeding demand continues, enterprises are forced to yield profits to ship, but recently, with the price of acetic acid rising slightly, ethyl ester enterprises have speculation mood. It is expected that the ethyl acetate Market will be in a weak position in the short term, and it is necessary to pay attention to the market of raw materials.