September 20 Asian p-xylene market closing price stable, closing price of 831-833 US dollars / ton FOB Korea and 849-851 US dollars / ton CFR China.

As of September 20 closing, MFA FOB US Gulf reported 97.25-97.75 (323.8-325.5 US dollars / ton) cents / gallon, down 2.5 cents / gallon; methanol FOB Europe Rotterdam 267.5-268.5 (317.5-318.7 US dollars / ton) EUR / tonne, 3 euros / tonne.

According to the business data monitoring shows that this week the domestic price of acetic anhydride rose, as of the weekend the average price of domestic prices in the 4991.67 yuan / ton, compared with the average price of 4916.67 yuan / ton price rose 1.53%, up 19.16%.

Second, the market analysis:

Products: Domestic acetic anhydride market this week, the steady rise in prices, Kyrgyzstan acetic anhydride equipment maintenance, operating rate is low, the market supply of acetic anhydride to reduce the price of acetic anhydride. As of the weekend to discuss the mainstream in East China to maintain the 4900-5350 yuan / ton, North China to discuss the mainstream price of 4700-5150 yuan / ton, acetic acid market in central China to discuss the mainstream 4900-5300 yuan / ton.

Industrial chain: raw material acetic acid market prices rose sharply this week, the price of acetic acid at the end of 3100.00 yuan / ton, compared with the price of 2942.86 yuan / ton, acetic acid prices rose 5.34% this week; the weekend, the price of 2744.00 yuan / Ton, up 0.22%, raw material prices caused by high prices of acetic anhydride, acetic anhydride prices continue to rise.

Macro: According to the price monitoring of the business community, the first half of 2017 (9.11-9.15) commodity prices rose in the list of chemical stocks in the chain of a total of 43 kinds of goods, the decline in the total of 14 kinds of goods, chemical plates are ups and downs this week Amplitude of 1.23%.

Third, the market outlook forecast:

Business network of acetic anhydride data analyst Bai Jiaxin that the recent field of acetic anhydride plant operating rate is still high, adequate supply, but the upstream raw materials, acetic acid and methanol prices continue to rise, the high cost of acetic anhydride is expected next week, acetic anhydride market Prices will continue to rise, the factory price of 4750-5450 yuan / ton.

September 19, the domestic urea market offer the overall trend of 40-60 yuan range rose, the mainstream offer rose to 1600-1620 yuan / ton. At present, the reasons for the rise in urea prices are mainly three points: First, the international demand It is understood that the weekend India issued a new round of tender information, a new round of tender for the September 25, sailing on November 8. A new round of tender shows that the current Indian urea market is less than expected, and the demand for urea is more urgent. India urea market inventory gap for the domestic urea manufacturers to bring greater positive, but also lead to pull up the price range of urea. Second, the domestic demand, in late September to October will usher in the fall of fertilizer, the overall demand for agricultural increased. Third, raw materials, due to coal prices rose steadily, urea cost support is still strong.

Business agency urea analyst Zhu Yaoyao that the current domestic urea market by the impact of environmental protection and raw material costs, start-up costs gradually increased, leading to urea market prices to maintain. At the same time the international and domestic urea market demand increased, the urea market in the maintenance on the basis of showing up, is expected to short-term urea market prices will continue to steady rally.

First, the price trend

According to the price monitoring of the business community shows: September 16 ethylene commodity index was 77.42, unchanged from yesterday, compared with the highest point of the week 100.05 points (2013-03-05) fell 22.62%, compared with the lowest point on February 03, 2016 53.16 Point up 45.64%. (Note: the cycle refers to 2013-03-01 so far)

Since August 31, by the US multi-round hurricane continued impact, ethylene continued upward trend, as of September 16, ethylene rose 40.6 US dollars / ton, or 3.74%.

Second, the market analysis

Upstream: by the OPEC monthly report and IEA raised the global crude oil demand growth is expected to boost, US oil nearly half a month from 45.58 US dollars / barrel rose to 50.50 US dollars / barrel, up nearly 5 US dollars / barrel, or 1.11%.

Downstream: polyethylene and polyvinyl chloride outside the disk offer the overall trend of steady upward trend, the upward trend of ethylene oxide center, the external offer of styrene finished lower.

Third, the market outlook forecast

Ethylene analysts believe that due to the United States a number of major ethylene producing areas by multiple hurricanes, production returns to normal levels take a long time, coupled with the upstream US oil prices strong to ethylene more strong support. The market outlook is expected to continue to maintain steady upward trend.