In recent years, the domestic butadiene market has been pushing up continuously. The main manufacturers have raised their ex factory quotations several times in a week. The traders have been keeping up with the rising mentality, and the butadiene market quotation in some regions has exceeded 10000 yuan / ton. According to the monitoring data of the business agency, since the second half of 2020, the domestic butadiene price has risen steadily, and the whole industrial chain has been red. On July 1, 2020, the average ex factory price of butadiene in China was 3445 yuan / ton. As of October 26, 2020, the average ex factory price of butadiene in China was 9200 yuan / ton, with an increase of 167.01% in the cycle, reaching a new high point in the year.

What is butadiene going through in the second half of 2020

At the beginning of July, the closing prices of butadiene in Asia, Europe and the United States increased intermittently. By September 2020, the number of days of increase in external and internal prices of butadiene reached 12 days. In October, the closing price of the external market has risen for 10 days. Taking CFR China as an example, CFR China closed at 365-375 US dollars / ton on July 1 and 1035-1045 US dollars / ton on October 23. The price rose by 670 yuan / ton, or 183.56%. The good news from the external market injected a boost to the long-term sluggish domestic market of butadiene in the first half of the year. During this period, traders actively followed the rise, creating a situation in which the supply of butadiene was difficult to obtain, and the domestic butadiene price continued to rise.

Regional closing price on October 7, closing price on October 21

FOB Korea 325-335 USD / T 1015-1025 USD / T 690 USD / T

CFR China $365-375 / T $1035-1045 / T $670 / T

FOB Rotterdam 125-135 USD / T 645-655 USD / T 520 USD / T

FD northwest Europe 245-255 euro / ton 515-525 euro / ton 270 euro / ton

In terms of major production enterprises, taking Sinopec sales companies as an example, according to the monitoring data of business agencies, the external supply price of Sinopec sales companies was 3600 yuan / ton on July 1, reaching the lowest point in the year. As of October 26, the external supply price of Sinopec sales companies was 9200 yuan / ton, with an increase of 155.6%. Other major production enterprises in Northeast China, such as Fushun Petrochemical and Liaotong Petrochemical Co., Ltd., have been using butadiene for their own use for a long period of time and will not be exported temporarily. In addition, on October 20, Sinopec central China sales branch’s 130000 T / a ethylene plant was shut down for maintenance, which seriously affected the social inventory of butadiene. Other enterprises, such as Liaoyang Petrochemical, Dalian Hengli and Inner Mongolia Jiutai, have been rising all the way. For a time, the butadiene market situation is difficult to control, and there is no lack of traders’ random quotation.

Adjustment of external supply price of butadiene in Sinopec production enterprises:

Price of enterprise on July 1 (yuan / ton) price on October 26 (yuan / ton) up and down (yuan / ton)

Zhenhai Refining & Chemical Co., Ltd. 3600 9200 6600

Sinopec Shanghai 3600 9200 6600

Yangzi Petrochemical Company 3600 9200 6600

Sinopec 3600 9200 6600

Maoming Petrochemical Company 3600 9200 6600

Guangzhou Petrochemical Company 3600 9200 6600

Wuhan ethylene 3600 9200 6600

On the other hand, affected by the higher profits of natural rubber futures, the price of synthetic rubber in the downstream of butadiene has increased significantly. The good linkage of the whole industrial chain has promoted the butadiene market to rise again and again. In the second half of 2020, the demand for rubber will recover strongly. The downstream tire industry and rubber products industry of synthetic rubber will start to recover gradually, and the output will gradually rise. The demand for synthetic rubber will form a support. Taking the domestic tire production as an example, the year-on-year data of domestic tire and external tire output decreased by 27.2% at the beginning of the year, and gradually rose to 5.5% at the end of September. It can be seen that the recovery of domestic rubber downstream is great. According to the business news agency, from January to February 2020, the domestic rubber tire outer tire output was 80.865 million, a year-on-year decrease of 27.2%; from January to June 2020, the cumulative output of domestic rubber tire outer tire was 356.978 million, a year-on-year decrease of 12.1%; from January to September of 2020, the cumulative output of domestic rubber tire outer tire was 582.541 million, a year-on-year decrease of 5.5%.

The latest price and fluctuation of synthetic rubber downstream of butadiene:

Price of products on July 1 (yuan / ton) price on October 26 (yuan / ton) up and down (yuan / ton)

Styrene butadiene rubber 8308 11091 33.50%

NBR: 13866 17833 28.61%

Br 8200 10580 29.02%

Up to now, the sentiment of butadiene market is slowly digesting and gradually transiting to a stable finishing state. The external price continued to rise at a high level, while the domestic market was weak. The natural rubber futures strengthened, and the upstream and downstream products continued to rise strongly. The butadiene analysts of the business association predicted that the domestic butadiene market would be mainly sorted out at a high level in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic chlorinated paraffin 52 grade I product was 4933 yuan / ton on October 19, and 4933 yuan / ton of domestic chlorinated paraffin 52 grade I product on October 23, the price market was stable this week.

2、 Market analysis

Chlorinated paraffin prices are stable this week. The factory quotation of chlorinated paraffin 52 in Jiangsu Province is 4600-5100 yuan / ton, that in Hebei Province is 4700-4900 yuan / ton, and that in Henan Province is 4400-5200 yuan / ton. The factory quotation of chlorinated paraffin 52 in Northeast China is 4400-5300 yuan / ton. The factory quotation of chlorinated paraffin 52 in Shandong Province is 4300-4700 yuan / ton. The factory quotation of chlorinated paraffin 52 in Northwest China is 4600-5300 yuan / ton. The factory quotation of chlorinated paraffin 52 in East China is 4800-5000 yuan / ton. The factory quotation of chlorinated paraffin 52 in North China is 4500-5000 yuan / ton. The factory quotation of chlorinated paraffin 52 in South China is 4600-5000 yuan / ton.

The price of raw material market is stable this week. The price of feed liquid wax is stable this week, and the demand of chlorinated paraffin for liquid wax is reduced, so the consolidation operation is maintained. The supply of raw material liquid chlorine is tight, the price is high and stable, and the market is stable. The demand for chlorinated paraffin in the downstream is not so good.

3、 Future forecast

Chlorinated paraffin analysts believe that at present, the market of chlorinated paraffin raw materials is high, the cost support is acceptable, the downstream demand for chlorinated paraffin is weak, and the trading volume is general. It is expected that the market of chlorinated paraffin will run smoothly in the short term.

According to the data monitored by the business agency, as of October 23, the average price of domestic power lithium iron phosphate was 37000.00 yuan / ton. The market supply and demand were balanced, and the rise and fall were in a dilemma. The price of dynamic lithium iron phosphate was stable, and the price remained stable. The market was mainly stable.

The market price range of lithium iron phosphate power is 33000-37000 yuan / ton, and the average price is 35000 yuan / ton. The price is stable, the demand is general, and the overall market purchasing atmosphere is dull. At present, the price range of energy storage lithium iron phosphate is 28000-29000 yuan / ton, with an average price of about 28750 yuan / ton. At present, the quotation of power type lithium iron phosphate enterprises is 37000 yuan / ton of Guangdong Optical Technology Co., Ltd., and Foshan City German side Nano Technology Co., Ltd. is 37000 yuan / ton, and beiteri new energy materials Co., Ltd. is 37000 yuan / ton.

At present, the mainstream price range of industrial grade lithium carbonate is 34000-38000 yuan / ton, and the mainstream price range of battery grade lithium carbonate is 39500-42000 yuan / ton, and the price remains stable.

The chemical index on October 22 was 770 points, up 3 points compared with yesterday, 24.21% lower than 1016 points (2012-03-13), and 28.76% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business Club lithium iron phosphate analysts believe: lithium iron phosphate market prices remain stable in the short term, just need to purchase. (the above prices are provided by major lithium iron phosphate manufacturers all over the country and analyzed by business lithium iron phosphate analysts for reference only. Please contact relevant manufacturers for more price details.)

According to the data monitored by the business agency, as of October 22, the price quoted by pet water bottle manufacturers was 5083.33 yuan / ton, which was mainly stable this week. At present, the price range of mainstream manufacturers is around 5000-5100 yuan / ton, and the mainstream negotiation is around 4850-5000 yuan / ton. The overall polyester bottle chip market is in a weak position, and the purchasing atmosphere is flat.

The domestic polyester bottle chip market is stable, the downstream is cautious and wait-and-see, the demand is general, the transaction atmosphere is general, the market negotiation focus is weak, the number of new orders is limited, mainly contract customers, just need to purchase, buy as you use, at present, the polyester bottle chip in East China is running at a low level, the current mainstream manufacturers’ price is around 5000-5100 yuan / T, and the market mainstream negotiation price is 500 yuan / T At present, the price of Xiamen Tenglong is 5000 yuan / ton, Guangdong Taibao is 5150 yuan / ton, Zhuhai China Resources is 5150 yuan / ton, Zhejiang wankai is 5100 yuan / ton, Yizheng Chemical fiber is 5150 yuan / ton. At present, the shipment is smooth and the inventory is general.

The upstream PTA market shocks, the market tends to be stable, the overall market is mainly stable, the factory quotation is stable, and the trading atmosphere is flat.

The rubber and plastic index on 21 May was 686 points, up 2 points compared with yesterday, 35.28% lower than 1060 (2012-03-14), and 29.92% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Pet analyst of business agency thinks: pet market runs stably in the short term, and the trading atmosphere is dull. (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.)

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

October 21, epichlorohydrin market strong operation. As of October 21, the average price quoted by epichlorohydrin enterprises was 11300 yuan / ton, up 0.89% compared with last Wednesday (October 14) and 1.74% lower than that of September 21, according to the data of the business club. At present, the spot supply is tight, and the manufacturers are mainly strong in their offers, and the downstream just needs to follow up, so 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

Jinan aochen Chemical Co., Ltd. 11200 yuan / T premium product; 99.9% Min: 2020-10-21

Jinan planhua Chemical Co., Ltd. $11000 / T national standard 99.9-2020-10-21

Shandong Yukang Chemical Co., Ltd. 11400 yuan / T premium product; 99.9% Min: 2020-10-21

Jinan Mingyu Chemical Co., Ltd. 11000 yuan / ton national standard 99.9-2020-10-20

Zibo tengshuo economic and Trade Co., Ltd. $10900 / T, excellent products; 99.9% Min: October 19, 2020

Upstream propylene, on October 20, most of the propylene market prices in Shandong remained stable. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to keep stable. However, the prices fell in a wide range since the weekend, with a drop of about 200 yuan / ton on the 19th. Some of them went down today, but most of them remained unchanged. At present, the market turnover is between 7100 and 7650 yuan / ton The mainstream price is about 7300 yuan / ton. Over the weekend, the pressure on manufacturers to ship goods increased slightly, but the situation has improved slightly.

On October 20, the epoxy resin Market in the downstream was in a strong operation. There was no inventory pressure in major factories. The offer of new orders remained high. The downstream small orders just needed to be purchased, and the trading atmosphere was general.

3、 Future forecast

According to the analysts of epichlorohydrin of the business club, the current spot supply is tight, and the downstream just needs to follow up. It is expected that the epichlorohydrin market may be strong in the short term, and the specific trend needs to pay more attention to the market information guidance.