On September 28, the rare earth index was 600 points, unchanged from yesterday, decreased by 40.00% compared with the highest point of 1000 points in the cycle (December 6, 2011), and increased by 121.40% compared with the lowest point of 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

The trend of domestic rare earth index is temporarily stable. The price of some domestic light rare earth praseodymium and neodymium series has declined, the price of praseodymium and neodymium oxide has declined by 1000 yuan / ton to 597000 yuan / ton, the price of praseodymium and neodymium oxide is 735000 yuan / ton, the price of praseodymium oxide is 640000 yuan / ton, the price of neodymium oxide is 627500 yuan / ton, the price of metal praseodymium is 860000 yuan / ton, and the price of metal neodymium has increased by 10000 yuan / ton to 775000 yuan / ton, The price of dysprosium oxide increased by 10000 yuan / ton to 2.695 million yuan / ton, the price of dysprosium ferroalloy increased by 2.64 million yuan / ton, the price of metal dysprosium increased by 5000 yuan / ton to 3.445 million yuan / ton, some prices in the domestic light rare earth market increased, the recent procurement was general, the price trend of praseodymium neodymium series was stable, the price trend of dysprosium Series in the domestic heavy rare earth market increased recently, the price trend of terbium series increased, and the downstream procurement was not active, Myanmar banned exports, and it is expected that the price trend of domestic rare earth market will be stable in the later stage.

1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners rose sharply this week. The average price of Shandong market on September 26 was 3371.00 yuan / ton, up 4.78% from 3217.25 yuan / ton on September 20.

On September 26, the commodity index of petroleum coke was 262.19, unchanged from yesterday, hitting a record high in the cycle, up 291.97% from the lowest point of 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

This week, the refinery shipped well, the supply of petroleum coke decreased, the refinery inventory was low, the downstream demand was good, the trading was positive, and the price of locally refined petroleum coke continued to rise.

Upstream: the international oil price continues to rise. The recent rise in oil price is mainly due to the slow recovery of oil and gas production in the US Gulf region. Combined with the increase of capacity utilization of refineries on the east coast of the United States to 93%, the highest since May. The continuous decline of US crude oil inventory has formed a strong support for oil price.

Downstream: the price of petroleum coke in the upstream continues to rise, and the price of calcined coke rises; Metal silicon market rose sharply; The price of downstream electrolytic aluminum rose. As of September 26, the price was 22930.00 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 38th week of 2021 (9.20-9.24), there are 10 kinds of commodities rising month on month in the energy sector, including 3 kinds of commodities rising by more than 5%, accounting for 18.8% of the monitored commodities in the sector; The top three commodities were methanol (10.32%), dimethyl ether (8.84%) and thermal coal (8.35%). There were five commodities with month on month decline, and the top three products were MTBE (- 3.31%), gasoline (- 2.73%) and diesel (- 1.43%). Both rose or fell by 2.19% this week.

The petroleum coke analyst of business society believes that: at present, the petroleum coke inventory of the refinery is low, the resources of medium and low sulfur coke are tight, the downstream demand is good, the refinery actively ships, the downstream electrolytic aluminum price rises, and the calcined coke price rises. It is expected that the price of petroleum coke may be high in the near future.

According to the price monitoring of business agency, on September 26, the domestic crude benzene production price was 6451 yuan / ton, 430 yuan / ton lower than the bidding price last week, 6.25% lower than the same period last week.

Recently, the high level of pure benzene market fell, which was mainly dragged down by the downstream. Affected by the dual control policy, the load of many downstream units is reduced or shut down for maintenance, especially in East China, the recent operating rate has decreased significantly, the demand for pure benzene and hydrogenated benzene has slowed down, and the purchase intention is low. This week, Sinopec cut the price of pure benzene three times, a total of 700-800 yuan / ton to 7650-7700 yuan / ton. Although there is a certain demand for goods preparation near the holiday, the downstream pure benzene inventory is OK and the overall demand is general. In an environment with many negative fundamentals, it is expected that in the short term, the pure benzene and hydrogenated benzene markets will operate under pressure, and the lower downstream price will drag down the reduction of crude benzene bidding price this week. About 6450 yuan / ton is implemented in Shandong. At present, there are still many limited production and production conversion in coking enterprises, the overall supply is tight, and the inventory is low. There is still a certain demand for goods in the downstream near the holiday. It is expected that the market will operate stably before the holiday.

Trade name: propylene oxide

Latest price (September 24): 17333.33 yuan / ton

On September 24, Shandong propylene oxide market was temporarily stable, flat compared with the previous trading day and up 7.66% compared with August 24. At present, the price of raw material propylene is mainly stable, the cost impact is limited, the overall unit operating rate in the supply side market is reduced, the follow-up of new orders of downstream polyether is flat, and the market wait-and-see atmosphere is strong.

It is expected that in the short term, the propylene oxide market may be dominated by stalemate consolidation and operation.

According to the monitoring data of business agency, the average price of propane in Shandong market was 5640.75 yuan / ton on September 22 and 5710.75 yuan / ton on September 23, with a single day increase of 1.24%, an increase of 14.60% compared with September 1.

On September 23, the domestic propane market continued to rise, and most of the market in Shandong increased. The current mainstream quotation is 5550-5780 yuan / ton. The rise of international crude oil has boosted the market mentality, with high import costs and mild market transaction atmosphere. It is expected that the price of propane market may still rise in the short term.