1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

The propylene oxide market rose first and then fell this week. According to the data of the business club, as of November 27, the average price quoted by propylene oxide enterprises was 19100 yuan / ton, down 0.69% compared with the beginning of the week, 5.72% higher than October 27, and 89.11% higher than that of the same period last year.

At the beginning of the week (23rd), the average price quoted by enterprises was 19233.33 yuan / ton, representing the slow accumulation of propylene oxide plants. The overall pressure on shipment was not large. On the 24th, the new order negotiation rose narrowly; on the 25th, the market was temporarily stable; on the 26th, the willingness to lower prices in the middle and lower reaches of the market was generally lower. On the 27th, the offer of new orders was temporarily stable, and the middle and lower reaches held a weak wait-and-see mood.

On November 26, the propylene oxide commodity index was 118.88, down 1.24 points compared with yesterday, 1.03% lower than 120.12 points (2020-11-25), and 185.08% higher than 41.70 points, the lowest point on January 25, 2016. (Note: period refers to 2011-09-01 to now)

Upstream propylene, on November 27, the market price of propylene in Shandong rose. According to the price chart of the business agency, since November 1, the propylene price has dropped sharply at the end of October, and has risen by 200-250 yuan / ton on the 5th. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on the 8th and 9th, and then stabilized again. On the 12th, the price rose by 50 yuan / ton again, and then fluctuated slightly. From November 19, all propylene prices rose again, and kept about 5 The upward speed of 0-100 yuan / ton for nine consecutive days has risen by about 750 yuan / ton. From 18th to 27th, the increase has reached 11.28%. At present, the market turnover is between 7580 yuan / ton and 7800 yuan / ton, and the mainstream price is about 7600 yuan / ton. Now the factory stock is small, the shipment situation is good.

Downstream propylene glycol, according to the monitoring data of the business agency, as of November 26, the factory price of domestic industrial grade propylene glycol was 12633.33 yuan / ton, down 0.79% compared with the beginning of the week; for downstream soft foam polyether, on November 27, the focus of negotiation on soft foam polyether Market in Shandong area shifted downward, new downstream orders were rarely followed up, and the factory offer was weak and stable. At present, the mainstream quotation of common soft foam polyether market in Shandong Province was given It is around 18200-18700 yuan / ton.

3、 Future forecast

Propylene oxide analysts of the business agency believe that the price of propylene raw materials has risen recently, the cost support has been strengthened, new downstream orders have been reduced, and the sentiment of avoiding risks and waiting to fall is rising. It is expected that in the short term, the propylene oxide market will be dominated by weak consolidation, and the specific trend needs more attention to market news guidance.

According to the monitoring of the bulk data of the business agency, affected by the negative operation of enterprises, the market of dichloromethane in Shandong has been rising steadily. As of November 26, the average price of dichloromethane in Shandong was about 3250 yuan / ton, up 3.17% compared with the beginning of the month and 6.56% higher than the same period of last month.

Production capacity and operation of the enterprise

Shandong Jinling 440000 T / a Dawang plant 20%

Dongying Jinmao 120000 tons / year parking

Luxi Chemical Industry: 400000 tons / year: 50%

Shandong Dongyue: 280000 tons / year: 50%

Jiangxi Liwen: 120000 tons / year: 50%

Jiangsu Liwen: 160000 tons / year

Jiangsu Meilan 200000 tons / year 70%

Quhua, Zhejiang: 300000 yuan / year: 70%

Zhejiang Juhua 300000 tons / year 70%

At present, the market of dichloromethane in Shandong is stable and upward. Some enterprises’ negative pressure has led to a slight decline in market supply. The overall market inventory pressure is not big, and enterprises have good intention to push forward. The demand of downstream and traders has increased slightly, and the dichloromethane market is running steadily. At present, the price of dichloromethane in Shandong is about 3200-3250 yuan / ton, that of Jiangsu Liwen is about 3700 yuan / ton, and that of Jiangxi Liwen is about 3200 yuan / ton.

In terms of raw materials, due to the weather in some parts of the methanol market, there is no quotation for the shutdown and overhaul of the units. The inventory of production enterprises is not high, and the attitude of the industry is mostly optimistic. At present, the profits of traders are fair, and it is expected that the domestic methanol market will fluctuate in the short term; the liquid chlorine market will continue to remain high, and the market shipment will slow down, but the performance of downstream rigid demand will remain firm. At present, the mainstream quotation in the industry is about 1700-1800 yuan / ton.

In terms of downstream market, the current trend of refrigerant market is stable, raw materials are rising, and the demand of automobile industry entering the stock stage is improved, which has boosted the market. However, the demand has not been large, and the export side is difficult to improve, showing a weak demand situation. In addition, the release of new capacity, the increase of inventory, and the game between supply and demand; the pharmaceutical and agricultural solvent industry started flat, and the support for dichloromethane was insufficient.

Analysts of methane chloride data from the business society believe that the current domestic dichloromethane market spot supply has declined slightly, stimulating the demand enthusiasm of downstream and traders, and the overall purchasing has increased. The inventory pressure of dichloromethane enterprises is not big. It is expected that dichloromethane prices will be stable in a short period of time. Pay attention to the changes of liquid chlorine prices of raw materials.

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

November 25, epichlorohydrin market deadlock finishing. As of November 25, the average price quoted by epichlorohydrin enterprises was 13233.33 yuan / ton, up 0.76% compared with the previous trading day and 16.42% higher than that on October 25, according to the data of the bulk list of business associations. At present, the enthusiasm of downstream inquiry is general, the delivery of goods is not smooth, the market trading atmosphere is stalemate, and there is a strong wait-and-see mood.

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise market price specification date

Aite (Shandong) new materials Co., Ltd. $13500 / T premium product; 99.9% Min: 2020-11-25

Jinan Mingwei Chemical Co., Ltd. 13200 yuan / ton national standard 99.9-2020-11-25

Shandong Yukang Chemical Co., Ltd. 13200 yuan / T premium product; 99.9% Min: 2020-11-25

Jinan Mingyu Chemical Co., Ltd. $13500 / T national standard 99.9-2020-11-25

Upstream propylene, on November 25, the market price of propylene in Shandong kept rising. According to the price chart of the business agency, since November 1, the propylene price has dropped sharply at the end of October, and has risen by 200-250 yuan / ton on the 5th. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on August 8 and 9, and then stabilized again. On the 12th, the price rose by 50 yuan / ton again and fluctuated slightly again. Since November 19, propylene price has been raised all over again, and it keeps rising every day At the speed of 50-100 yuan / ton, it has risen by about 600 yuan / ton. The current market turnover is between 7430 and 7700 yuan / ton, and the mainstream price is about 7450 yuan / ton. Now the factory stock is small, the shipment situation is good.

The epoxy resin Market in Shandong Province was high on November 25. Under the pressure of high cost, the manufacturers strengthened their offers. The downstream companies were resistant to the high price raw materials, so the inquiry into the market was limited.

3、 Future forecast

According to the analysts of epichlorohydrin of the business agency, the price of propylene raw material has risen recently, the cost support has risen, the downstream buying intention is not high, the wait-and-see sentiment is strong, and the market atmosphere is light. It is expected that in the short term, the epichlorohydrin market may be stagnant, and the specific trend needs to pay more attention to the market information guidance.

1、 Formic acid price trend

(Figure: P value curve of formic acid products)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market has been stable. As of November 24, the average price quoted by formic acid enterprises was 2200 yuan / ton, which was flat compared with last Tuesday (November 17) and increased by 3.13% compared with October 24, according to the data of the business club. Downstream on-demand procurement is the main, the overall demand is stable, and the market is running smoothly.

According to the data monitoring of the business agency, the price of formic acid of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

For the upstream caustic soda, on November 23, the price of caustic soda in Shandong was temporarily stable, and the mainstream ex factory price of 32% caustic soda was 400-530 yuan / T. the downstream purchasing demand was general, which contradicted the current caustic soda price. It is expected that the follow-up or narrow range of caustic soda sorting would be weak. According to the monitoring data of the business agency, the average price quoted by enterprises as of November 23 was 3100 yuan / ton, which was the same as last Tuesday (November 17) The upstream sulfuric acid market was temporarily stable in Shandong Province on November 24, and the upstream sulfur market rose slightly recently with good cost support, but the downstream purchasing enthusiasm was general, the supply of sulfuric acid was normal, and the ex factory price of sulfuric acid in the future market fluctuated slightly; according to the monitoring data of business agency, the average price of upstream sulfuric acid as of November 23 was 2117.50 yuan / ton, compared with that of last Tuesday (1 Compared with January 17, it was up 48.0% on December.

According to the price monitoring of business agency, on November 23, 2020, there were 22 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector on November 23, 2020, among which there were 4 kinds of commodities with an increase of more than 5%, accounting for 4.3% of the total number of commodities monitored in this plate; the top three commodities were calcium carbide (8.42%), aniline (6.80%) and ethylene glycol (6.42%). There were 12 kinds of commodities that declined on a month on month basis, with styrene (- 3.93%), TDI (- 3.57%) and bisphenol A (- 1.40%). The average rise and fall was 0.46%.

3、 Future forecast

Formic acid analysts from the business community believe that the raw material prices are mainly stable in the near future, with limited cost support, and downstream demand based procurement. It is expected that in the short term, the formic acid market may run smoothly, and more attention should be paid to market news guidance.

According to the data monitored by the business agency, as of November 23, the price quoted by pet water bottle manufacturers was 5033.33 yuan / ton. The polyester bottle chip market was running weakly and steadily. The price of mainstream manufacturers was around 5100-5200 yuan / ton, while the mainstream negotiation in South China was 5150 yuan / ton. The overall market price of polyester bottle chips was stable, the purchasing atmosphere was general, the downstream demand was general, and the number of new customer orders was limited , mainly contract customers.

The domestic PET bottle chip market price is stable and rising, the overall market is running smoothly, the downstream demand is limited, and the price is mainly on the demand of rigid demand, and the overall price shows a small rise. The mainstream factories are actively shipping, the logistics is smooth, and the number of new orders is limited. At present, the polyester bottle chips in East China are running at a low level, and the prices of mainstream manufacturers are around 5100-5200 yuan / ton, which is weak in South China The mainstream negotiation price in the market is 5100-5200 yuan / ton. At present, the shipment is smooth and the inventory is general.

This week, the upstream PTA market rebounded slightly, the cost side lacked favorable support, the market demand was general, the negotiation focus was stable, the inventory pressure remained, and the transaction mentality was cautious.

On November 22, the BPI of commodity price index was 851, unchanged with yesterday, 16.49% lower than the highest point of 1019 (2012-04-10) and 28.94% higher than 660, the lowest point on February 3, 2016. (Note: period refers to 2011-12-01 to now)

Pet analyst of business agency thinks: pet market runs smoothly in the short term, price fluctuation is not big. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)