October 9 PA6 daily review

According to the bulk list data of business society, the domestic market of PA6 rose on October 9. The high-level consolidation of caprolactam at the cost side has strong support for PA6. At present, domestic power rationing and other environmental protection policies affect the industrial load. There is a certain amount of just needed replenishment demand in the downstream of some regions, and the on-site trading performance has improved slightly. It is expected that the spot price of PA6 may still rise slightly in the short term.

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On October 8, the price of fuel oil 180CST rose

According to the data of business agency, as of October 8, the average price of domestic fuel oil 180CST was 5100.00 yuan / ton (including tax), up 2.62% from 4970.00 yuan / ton on October 7.

During the national day, international crude oil rose sharply, domestic raw material prices rose, and the supply of raw materials was limited. The cost support boosted the ship fuel wholesale market, pushing up 150-250 yuan / ton in some areas. The demand during holidays was general, and the market just needed after the festival. At present, the downstream wait-and-see mood is mostly. It is expected that the fuel oil 180CST market may rise steadily in the near future.

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The price of liquefied gas continued to rise in September

The domestic liquefied gas market rose sharply in September. The average price of Shandong civil gas market exceeded 5000 yuan / ton in the middle of the month. The current rise is still continuing, and the price may exceed 5500 yuan / ton in October. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 4760.00 yuan / ton on September 1 and 5273.33 yuan / ton on September 29, with an increase of 10.78% during the month and 89.92% compared with the same period last year.

As of September 29, the mainstream prices of liquefied gas in various regions in China are as follows:

Specifications type of shipping region Mainstream quotation

Civil gas Automobile transportation North China 5100-5300 yuan / ton

Civil gas Automobile transportation East China 5000-5350 yuan / ton

Civil gas Automobile transportation South China 5220-5320 yuan / ton

Civil gas Automobile transportation Shandong region 5200-5320 yuan / ton

Since this year (2021), the overall trend of domestic liquefied gas has been strong, and the price is at a relatively high level. With the arrival of the traditional sales peak season in September, the price of liquefied gas civil market continues to rise, and the overall focus has shifted upward. At present, the civil ex factory quotation of liquefied gas in Shandong is mostly above 5200 yuan / ton, rising to the highest point in the year.

In September, Shandong civil gas can be divided into two parts: the first half of the month and the second half of the month. In the first half of the month, it was adjusted horizontally, then it rose rapidly, and the rise continued to the middle of the month. In the second half of the month, the price fluctuated higher. Although the fluctuation was frequent, the overall fluctuation range was limited. At the beginning of the month, as the off-season just passed, the terminal demand did not increase significantly, the market benefits were limited, and the price was mainly adjusted in a narrow range. Since September 5, dominated by favorable market factors, Shandong civil gas market has ushered in a sharp rise. During this period, the sharp rise of international crude oil has boosted the market mentality, and some maintenance enterprises have not recovered, so the supply in the region is relatively tight. In addition, affected by the Mid Autumn Festival holiday, there is a certain replenishment demand in the downstream before the festival, the market entry is relatively positive, the overall transaction atmosphere in the market is good, the manufacturer’s mentality is strong, and the price continues to rise.

In the second half of the month, Shandong civil gas market fluctuated and rose. During the Mid Autumn Festival holiday, affected by traffic and transportation restrictions, downstream delisting and inventory digestion, manufacturers’ shipments were not smooth, profits were made one after another, and prices fell. In the later stage, with the end of the holiday, the rise of international crude oil has significantly boosted the market, and the supply in the region has not fully recovered. The market entry is more active in the downstream buying mentality. The overall transaction atmosphere in the market is mild, the manufacturer’s shipment situation improves, and the rising market will be welcomed again within the month. In September, the overall transaction atmosphere of Shandong civil gas market was mild.

In September, the LPG futures market rose violently and the trend was strong, which brought some positive support to the spot market. On September 28, the opening price of LPG futures contract 2111 was 5963, the highest price was 6260, the lowest price was 5880, the closing price was 6250, the former settlement price was 5874, the settlement price was 6046, up 376, or 6.40%, the trading volume was 234972, the position was 82530, and the daily position was increased by 9410. (quotation unit: yuan / ton)

Although the golden nine has ended, the silver ten is about to open. The demand for liquefied gas in the civil market is still expected to improve in the later stage, and the high operation of international crude oil has brought obvious support to the market. CP will be issued in October, and it is expected to continue to rise, boosting the market mentality. It is expected that the LPG market in Shandong will continue to rise in October and is expected to rise above 5500 yuan / ton.

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Market of potassium carbonate consolidated on September 30

According to the statistics of business agency: on September 30, the market of potassium carbonate was consolidated and operated. The mainstream ex factory quotation range of domestic industrial grade potassium carbonate was about 7600-8300 yuan / ton (the quotation is for reference only). The quotation is different according to different procurement conditions. The supply of potash market has increased compared with the previous period, the supply has increased, the traders have delivered goods stably, the demand of downstream factories is general, and the just needed procurement has been maintained. The market trading atmosphere is cold and the actual transaction is limited. The market is relatively stable.

In the near future, the supply of potash fertilizer market is relatively stable, the operating rate of downstream factories is poor, and the demand is limited. It is expected that the price of potassium carbonate will mainly fall in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and sorted and analyzed by potassium carbonate analysts of business society. They are for reference only. Please contact relevant manufacturers for more price details).

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On September 30, the price of melamine was temporarily stable

Trade name: melamine

Latest price (September 30): 17300 yuan / ton

On September 30, the melamine market was temporarily stable, flat compared with the previous trading day, and the price increased by 19.31% compared with the beginning of the month. At present, the price of upstream urea is temporarily stable, the cost side has certain support, the export support on the demand side is stable, the domestic trade demand is insufficient, the market trading atmosphere is general, and enterprises mainly execute pending orders.

It is expected that in the short term, the domestic melamine market may wait and see.

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