On November 14, China’s domestic p-xylene price trend was temporarily stable

On November 14, the PX commodity index was 54.40, which was the same as yesterday, 46.88% lower than 102.40 (2013-02-28), the highest point in the cycle, and 19.43% higher than 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

 

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According to statistics, on the 14th, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli petrochemical plant was put into operation, and other units were temporarily stable. As the new plant was put into operation, the domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On November 13, the closing price of PX market in Asia increased by 2 US dollars / ton, and the closing price was 768-770 US dollars / ton fob in South Korea and 788-790 US dollars / ton CFR in China. More than 50% of domestic PX plant needs to be imported. The rise of external market price has a certain positive impact on the domestic PX market price, but the price trend in domestic market is temporarily stable.

 

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On November 13, WTI crude oil futures market in the United States rose to $57.12/barrel, or $0.32, while Brent crude oil futures rose to $62.37/barrel, or $0.31. API crude oil inventory decreased slightly unexpectedly, but gasoline and refined oil inventory increased both. U.S. crude oil inventories fell 541000 barrels to 440 million barrels in the week to November 8, according to API, with analysts expecting an increase of 1.6 million barrels. Cushing’s inventory decreased by 1.2 million barrels, crude oil price rose, and domestic p-xylene price trend was stable. In recent years, the textile industry market has been volatile, the PTA Market operating rate has declined, and the PTA price trend has continued to decline. The average price of the offer in East China is around 4700-4800 yuan / ton. As of the 13th day, the domestic PTA operating rate is about 91.5%, and the polyester industry operating rate is about 89%. Due to the sufficient supply in the PTA field, the transaction atmosphere is general. The purchase is dominated by traders, followed by sporadic polyester factories, and affected by the original oil price The price of PTA in the downstream market is slightly lower due to grid shock, and it is expected that PX market price will maintain 6800 yuan / ton in the short term.

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PA66 price stable in early November (11.1-11.13)

I. price trend

 

According to the data of the bulk list of business agencies, the market of PA66 in China was stable in the first ten days of November, and the spot price was sideways. As of November 13, the average offer price of PA66 medium viscosity injection molding grade mainstream was about 23100.00 yuan / ton, which was the same as that at the beginning of the month.

 

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Analysis of influencing factors:

 

The adipic acid in the upper reaches of PA66 is still in a weak market in the near future. Although the price has stopped falling, it is still in a depressed situation. Basically, loose supply and weak demand are still the main factors that hinder adipic acid from rebounding, and the upstream raw material market has not brought much boost. At present, the weak demand in the downstream of adipic acid, together with the increase of supply, leads to the increase of social inventory pressure. The market has been in the de stocking stage since October. At present, this process is not over, which is also an important reason why the price has not changed. In terms of region: the prices in East China and South China have not changed much, and some dealers have slightly weakened, but the range is limited. The market atmosphere is a little cold, dealers actively give priority to profit delivery, and the market maintains a weak and volatile pattern. At present, the downstream market still generally holds a wait-and-see attitude, and the transaction is slightly deadlocked. In addition, the upstream cost side slightly improved, pure benzene ended the downward shock pattern, rebounded slightly, but the strength was not strong, and did not bring too much positive effect to the adipic acid market. It is expected that the market will remain sluggish in the near future; in early November, the domestic PA66 market is temporarily abundant in spot supply, and downstream factories are still just in need of goods, with no improvement in demand. The market is generally bullish, and the mentality of the operators is limited. At the end of October, the merchants tried to hold up the price. At present, the price is weak, and the overall market of PA66 shows a stable trend.

 

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Future forecast:

 

According to analysts of business club, the market of PA66 in China was stable in early November. The upstream adipic acid is weak, and the cost of PA66 is not well supported. There is no improvement in the enthusiasm of downstream stock up, and replenishment is just needed. The market is generally buying gas, and the industry is mainly in wait-and-see attitude. PA66 is expected to be stable in the near future.

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Market consolidation of cyclohexanone

I. price trend

 

According to the monitoring data of business agency, as of November 12, the latest price of cyclohexanone in China was 7333 yuan / ton, down 10.93% month on month and 40.93% year on year. The market of cyclohexanone in China is weak.

 

II. Market analysis

 

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Products: at present, domestic cyclohexanone manufacturers have made it clear that there are not many offers. The shipping level of enterprises is around 7600-7800 yuan / ton. Most of them supply supporting downstream production demand, and the inventory level is low. The market of cyclohexanone in South China was mainly sorted out, and the negotiation was sent by reference to 7800-7900 yuan / ton. The upstream pure benzene was not effectively boosted, the demand for downstream solvent was weak, and the merchants mainly purchased on demand, with limited optimism. The market atmosphere of cyclohexanone in East China is weak. The negotiation reference is 7700-7800 yuan / ton. The price reduction of pure benzene enterprises has an impact on the mentality. The enterprises follow up and reduce the price. The downstream purchases on demand. The short-term optimism is insufficient.

 

Industrial chain: pure benzene: Asian pure benzene Market: the turnover of goods in December is 644 US dollars / ton CFR China, and the seller’s intention of shipping goods in December is 625 US dollars / ton FOB South Korea. Domestic pure benzene Market: the atmosphere of East China pure benzene market is weak, and the enterprise’s price reduction affects the mentality. The negotiation reference is 5250-5350 yuan / ton, some of the buying price is slightly low, and the negotiation of far month goods is 4900-5050 yuan / ton, and the cost line support is limited.

 

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Caprolactam: the caprolactam US dollar market is narrowed, the offers of the merchants are temporarily stable, the inquiry atmosphere of the downstream factories is light, there are not many actual orders in the market, and the mainstream transaction negotiation reference in the market is 1300-1330 US dollars / ton. Caprolactam liquid market is weak, and the main real single negotiation price in East China market is 11000-11200 yuan / ton (delivered by acceptance within 6 months), down 50 yuan / ton. Caprolactam business mentality is empty, the focus of market negotiation tends to low-end. Downstream just need to buy mainly, the market trading atmosphere is light.

 

III. future forecast

 

On the positive side, I am interested in replenishment at a low price. On the negative side, the solvent demand is insufficient; the enterprise price is low; the price of pure benzene enterprise is lowered. The price of upstream enterprises is lowered, which is expected to have a negative impact on the market, and the level of manufacturers’ shipment is reduced. The cyclohexanone analysts of the business society expect that the market of domestic cyclohexanone market is weak in the short term.

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Logistics cost rises, ABS price rises steadily (11.4-11.11)

I. price trend:

 

According to the data of the bulk list of business agencies, the spot price of ABS was stable in the first ten days of November, and the domestic market rose steadily last week. As of November 11, the main offer price of general-purpose ABS was about 12950.00 yuan / ton, down 0.39% from last week.

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II. Analysis of influencing factors:

 

Industry chain: in all upstream aspects of ABS, the styrene market price was narrowed this week, and the domestic supply was in good condition. The import styrene remained high last month, resulting in the continuous increase of port inventory. Under the impact of a large number of imported goods supply, the domestic styrene cash flow was significantly compressed, but the current import volume has not decreased, and the domestic manufacturers have no plans to reduce production, which shows that The current price has not touched the cost line of the manufacturer. Zhejiang Petrochemical is expected to be put into production, or will affect the digestion capacity of imported goods. The wait-and-see atmosphere of merchants in the market has increased, and the market bearish mood has spread. The whole styrene market lacks strong support point, and it is expected that the price of styrene will continue the whole trend in the near future;

 

Last week, the spot market of acrylonitrile related products was stable. The supply side is relatively balanced, and traders offer cautiously. Downstream plant, general replenishment enthusiasm, maintain rigid purchase. It is expected that the domestic acrylonitrile quotation will continue to narrow range finishing in the near future;

 

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Last week, the domestic butadiene market bottomed out and rebounded, and Sinopec’s factory prices kept lowering and returning to calm. At the beginning of the month, the butadiene plant of Lanhua Chemical Co., Ltd. was shut down. The shortage of raw materials depended on the mutual supply of Ningmei and Fushun. In addition, the online export of Huajin was suspended at the node on Monday. The supply of spot goods in the North was tightened, which boosted the spot market. The price of northern export manufacturers has been raised, the middlemen are reluctant to sell at low prices, and the trend of Tianjiao futures has been good within the week. The market has seen frequent good news, which has brought obvious support to the market. With the butadiene market higher, the downstream inquiry strength gradually weakened, while the external market continued to decline, leading to the cautious attitude of some businesses. However, in the near future, Fushun Petrochemical and Zhenhai Refining and chemical plants have plans for small-scale shutdown inspection, which has a positive supply side and a significant boost;

 

3. Future forecast:

 

Business analysts believe that the ABS market recovered steadily in the first half of November, with some brands picking up slightly. Cost side of the three upstream materials are up and down at present, not obvious support for the cost side. In recent years, due to the rising logistics cost, the inquiry of downstream factories has increased slightly, and appropriate purchase and replenishment are needed. Traders are bullish and trading on the floor is OK. It is expected that domestic ABS will continue to be weak and stable in the near future. It is suggested to pay close attention to cost and logistics.

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Lack of support from the market demand side; trading volume of potassium sulphate is cold

I. price trend

II. Market analysis

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Potassium sulfate domestic sales new single follow-up weak, downstream compound fertilizer demand pull poor, the industry to be cautious. The price advantage of resource-based and water salt potassium sulfate is that the shipment is relatively good in the implementation of the previous single volume to be shipped. The amount of potassium sulphate in Mannheim is average, and the atmosphere of bargain preference is strong. The low-end prices in the northern market have emerged, and the price war has gradually started. On the one hand, the demand is not strong, and it seems that it is difficult to improve, while the manufacturer’s inventory is already high, on the other hand, the potassium chloride is bearish, and the by-product market is much better, and the cost provides space. The third key is that some advantageous manufacturers continue to receive orders at low prices, so the price of Mannheim potassium sulfate accelerated the decline.

III. future forecast

Potassium sulphate analysts of the business association think: the upstream potassium chloride market has not improved, the downstream demand is not strong, and the price of potassium sulphate will continue to maintain a low in the future.

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