On November 17, the rare earth index was 335, the same as yesterday, 66.50% lower than the highest point in the cycle, 1000 (2011-12-06), and 23.62% higher than the lowest point, 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

The average price of neodymium, dysprosium and praseodymium in rare earth metals decreased by 1000 yuan / ton to 358500 yuan / ton, 2035000 yuan / ton and 650000 yuan / ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide decreased by 2000 yuan / ton to 281500 yuan / ton; the price of dysprosium oxide was 1.55 million yuan / ton; the average price of praseodymium oxide decreased by 10000 yuan / ton to 335000 yuan / ton; the average price of neodymium oxide decreased by 2000 yuan / ton to 283500 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy decreased by 2000 yuan / ton to 358500 yuan / ton; the average price of dysprosium ferroalloy was 1.56 million yuan / ton.

The price of rare earths in the domestic market fell on the 18th. The trading market of rare earths in the domestic market was average. Recently, the legitimate price in the domestic market has been maintained, but the price of terbium metals and oxides has declined, while the price of heavy rare earths has not improved much. In the near future, the inquiry list of praseodymium neodymium oxide and neodymium oxide has declined, and the price of light rare earth oxide has declined slightly. In the near future, the light rare earth merchants in the field are not in good condition, and the recent trading situation in the field is general. The supply of rare earth in China is normal. The price fluctuation of rare earth market is related to the environmental protection supervision in the whole country. The production of rare earth is special, especially the radiation hazards of some products make the environmental protection supervision more strict. Metal enterprises and downstream magnetic material enterprises are weak in purchasing after and before the festival due to the surplus of purchasing before the festival. In addition, the price of rare earth has declined compared with the previous period, and the wait-and-see mood is strong. Under the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in the general market supply of rare earth oxides, especially some mainstream rare earth oxides, which are in normal supply, and the market price trend of rare earth is declining. In the near future There is a strong wait-and-see mood among large enterprise groups in the market. The rare earth market is generally trading, and the trading volume is at a low level.

Ministry of industry and information technology (MIIT) reported on November 8 that the Ministry of industry and information technology (MIIT) and the Ministry of natural resources (MRR) issued the notice on the total amount control indicators of rare earth mining, smelting separation and tungsten mining in 2019. The total amount control indicators of rare earth mining and smelting separation in 2019 were 132000 tons and 127000 tons respectively. The total control index of tungsten concentrate (65% of tungsten trioxide) mining in China is 105000 tons, including 78150 tons of main mining index and 26850 tons of comprehensive utilization index. In addition, the national environmental protection department has made unremitting efforts in strict inspection, which has a great impact on the rare earth industry. The rare earth industry has a relatively low start-up situation, and the market situation is cold, which has brought some good support to the rare earth market. On November 14, the Ministry of Foreign Affairs said that China is the world’s largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has been adhering to the principle of openness, coordination and sharing, promoting the development of domestic rare earth industry, and is willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products, so as to promote the development of China’s economy and the world economy In addition, the national development and Reform Commission and other relevant departments should take effective measures to rectify and standardize the industry, innovate and improve the relevant management mechanism, accelerate the construction of an industry development pattern with reasonable industrial structure, advanced scientific and technological level, effective resource protection and orderly production and operation, and give full play to the special value of rare earth as a strategic resource The supply of resources has shrunk, and people in the domestic market are waiting for the specific good news from the policy and the State Reserve.

Rare earth analysts of the business society expect that in the near future, the intensity of strict environmental protection inspection in China will not be reduced. In addition, the order of the rare earth industry will be rectified in China. The supply of rare earth industry in Jiangxi will probably maintain a low level. However, in the near future, the national rare earth export will obtain favorable support. It is expected that the rare earth market will maintain a low level and there is little room for continuous decline.

I. price trend

According to the data in the business club’s large list, the domestic dry process aluminum fluoride market price remained stable this week, with an average market price of 9600 yuan / ton at the beginning of the week and 9166 yuan / ton at the end of the week, down 3.51% from last week.

II. Market analysis

The price of aluminum fluoride is stable this week: at present, the price of aluminum fluoride in Henan is 8600-9500 yuan / ton, and that in Shandong is 8600-9600 yuan / ton. Zhengzhou Tianrui Grain Technology Co., Ltd. quoted 9500 yuan / ton of aluminum fluoride, Shandong LUZHENG chemical aluminum fluoride to 10500 yuan / ton, Zhengzhou Zerun energy chemical aluminum fluoride to 8500 yuan / ton.

Industry chain: according to statistics, the market price of hydrofluoric acid in China is slightly lower. Up to now, the market price of hydrofluoric acid in China is 9600 yuan / ton, and the operation rate of hydrofluoric acid in China is less than 60%. The enterprises report that the spot supply of hydrofluoric acid in the site is sufficient at present, and the goods in the hydrofluoric acid field are not moving in the near future. Due to the lack of improvement in downstream demand, some hydrofluoric acid manufacturers are stuck in price, and the market price of hydrofluoric acid is small. The amplitude is low. At present, the mainstream of hydrofluoric acid negotiation in the south is about 9000-9500 yuan / ton, and the price of hydrofluoric acid in the north market is 9000-10000 yuan / ton. The domestic market price of hydrofluoric acid remains at a low level, the supply of spot goods is sufficient, but the demand is poor, and the market price of hydrofluoric acid remains at a low level. The downstream aluminum fluoride manufacturers have kept falling. Zhengzhou Tianrui grain and Shandong LUZHENG Chemical Co., Ltd. have lowered the factory price of aluminum fluoride by 300-500 yuan / ton. This week, the market price of aluminum fluoride continues to decline.

III. future forecast

Analysts of aluminum fluoride industry in the chemical branch of business society think that: the market price of upstream hydrofluoric acid remains low, while the price of aluminum fluoride in the early stage remains strong. Recently, the downstream aluminum fluoride manufacturers make up the decline, and it is expected that the market price of aluminum fluoride will continue to make up the decline next week.

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).

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.

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.

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.

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.

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.

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

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.

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.