I. price trend of sodium pyrosulfite in China

According to the monitoring of the business association, the average price of industrial grade sodium metabisulfite on October 1 was 1861.68 yuan / ton, and on October 31 was 1861.67 yuan / ton. In October, the domestic price of sodium metabisulfite remained stable.

II. Market analysis

After the national day, the overall demand of the domestic sodium pyrosulfite market is still tepid. In October, the overall low price of the domestic sodium pyrosulfite market moved forward steadily. The price range of the industrial grade sodium pyrosulfite market is 1700-1950 yuan / ton, most of which are concentrated around 1800-1850 yuan / ton.

In October, the price of raw materials upstream of sodium metabisulfite rose slightly. Supported by the positive recovery of raw materials price, some enterprises raised their external quotation slightly after the festival. In general, at present, the domestic sodium metabisulfite market inventory is relatively sufficient, the downstream demand is less than expected, the mainstream transaction price has not been adjusted, the enterprise mainly completes the old order, and the new order increase is limited.

Industrial chain: in October, the price of soda ash in the upstream slightly increased by 2.11%, and the price of sulfur overall increased by 19.54%. The continuous recovery of raw material cost will support the market price of sodium metabisulfite in the future.

III. future forecast

According to analysts of business club, the raw material cost of sodium pyrosulfite continued to rise in October, with the support of cost, some enterprises raised their prices, but most enterprises kept their prices unchanged, and it is expected that the domestic market price of sodium pyrosulfite will slightly touch the bottom in November due to the role of cost transmission.

I. market trend:

According to statistics, in October, the market price of phthalic anhydride in China continued to fall. As of 30 days, the market price of phthalic anhydride in China was 6500 yuan / ton, down 7.14%, down 18.75% year on year. About 6350-6500 yuan / ton of phthalic anhydride in Shandong, 6500-6700 yuan / ton of phthalic anhydride in Jiangsu. There is sufficient spot supply in the market. Manufacturers report that the recent delivery situation is not good, and the price of phthalic anhydride continues to fall.

II. Market analysis:

Product: in October, the market price of phthalic anhydride in China fell sharply. The on-site device was started and restarted. The on-site phthalic anhydride operation rate was more than 60%. The spot supply was normal. Some manufacturers reported that the recent delivery was not good. The inventory of manufacturers increased compared with the previous period, and the market price of phthalic anhydride continued to fall. In the near future, the price of the upstream raw material phthalic acid market mainly falls, the price of the port phthalic acid remains low, there is still equipment maintenance in the phthalic acid plant, and the affected price in the phthalic anhydride market slightly falls; the downstream plant still maintains rigid purchase, the main flow of the on-site phthalic acid source negotiation is 6400-6600 yuan / ton, the main flow of the naphthalene method source negotiation is 5800-6000 yuan / ton; the main flow of the phthalic anhydride market in North China is 6350-6500 yuan/ Tons, the market price continued to decline, the quotation of some enterprises in North China fell, the downstream construction was general, the purchase was mainly on demand, the wait-and-see mentality was strong, the domestic phthalic anhydride delivery situation was poor, the manufacturer’s inventory increased, high-end transactions were blocked, and the phthalic anhydride price continued to fall.

Upstream: the execution price of domestic ortho benzene Sinopec for upstream products is 6500 yuan / ton. Due to the restart of maintenance devices of some domestic ortho benzene manufacturers, the supply of goods inside the site has increased, the market of imported ortho benzene in the port area has declined, and the quotation has declined. Recently, the market of ortho benzene in the port has declined, the inventory of the port is low, and the quotation of the external ortho benzene market has fluctuated and fallen. The actual transaction price is subject to negotiation. The details are discussed. The price trend of phthalic anhydride market continued to decline.

Downstream: lower downstream DOP price, lower isooctanol price and lower DOP cost. The price of DOP has declined, the downstream demand of DOP is average, the purchasing enthusiasm of customers is average, the downstream PVC market is fluctuating and declining, the high-end transaction of DOP is blocked, the mainstream transaction price of DOP market is 7400-7700 yuan / ton, the downstream price of terminal has declined, the demand is bad for domestic phthalic anhydride market, and the price of phthalic anhydride market has declined slightly.

3. Future forecast:

At present, the price trend of upstream phthalic acid remains low, terminal demand is reduced, DOP price has a downward trend, and the on-site favorable support is insufficient. Phthalic anhydride analysts of business agency think that the market price of phthalic anhydride may be slightly lower, with the price around 6400 yuan / ton.

I. price trend

According to the data in the business club’s bulk list, the market price of monoammonium phosphate in China fell in October. On October 1, the average ex factory price of powdered monoammonium was 2066 yuan / ton, and on October 29, the average ex factory price of powdered monoammonium was 1966 yuan / ton, down 4.84%.

According to the data in the business club’s bulk list, the market price of DAP in China was lowered in October. On October 1, the average ex factory price of 64% diammonium was 2416 yuan / ton, and on October 29, the average ex factory price of 64% diammonium was 2366 yuan / ton, down 2.07%.

II. Market analysis

Monoammonium: the domestic powdered monoammonium market was weak in October. The factory quotation of 55% powdered ammonium in Anhui Province is 1850-2050 yuan / ton, and the commencement is stable. In Hubei Province, the ex factory price of 55% powdered ammonium is about 1900 yuan / ton, and that of 60% mainstream powdered ammonium is 2000-2100 yuan / ton. The market in Henan Province has maintained stable operation, and 55% of ammonium powder has been quoted at about 1850 yuan / ton, with stable start-up. The ex factory quotation of 55% powdered ammonium in Shandong Province is 2000-2050 yuan / ton, and the price is stable. The ex factory quotation of 55% powdered ammonium in Sichuan is about 1950 yuan / ton.

Diammonium: in October, the market situation of diammonium phosphate in China was worrying, and the market demand was insufficient. At present, 64% of the mainstream of diammonium in Hubei Province offers 2300-2450 yuan / ton, 64% of the mainstream of diammonium in Shandong Province 23050-2500 yuan / ton, 64% of the mainstream of diammonium in Yunnan Guizhou Province 2400-2500 yuan / ton, and 64% of the mainstream of diammonium in Anhui Province 2400 yuan / ton.

Industrial chain: the demand of raw sulfur market is weak and unchanged, the high level of port inventory consumption is slow, the market is quiet, the negative mood is obvious, the atmosphere of on-site negotiation is cold, and the industry is mainly waiting for the future. The phosphorus ore market continues to be weak and stable, and the high-end quotations of local mining enterprises may be slightly reduced. The overall trading atmosphere in the field is weak, and the center of gravity in the field has a downward trend. At present, the new order volume still accounts for a small number, the enterprise inventory is high, and many mining enterprises still deal with the previous orders, and the overall inventory of mining enterprises is slowly digested. Liquid ammonia market may continue to maintain a weak position in the short term, mainly affected by the high ammonia volume in most regions after the festival. The recent market does not exclude the possibility of continuing to explore low. The demand of downstream compound fertilizer enterprises is not enough to follow up. In autumn, the fertilizer industry has entered the closing stage, and the winter storage market has not yet started

.

Industry: according to the price monitoring of the business agency, in the 42nd week of 2019 (10.21-10.25), there are one rising commodity, two falling commodities and two rising and falling commodities. The main commodities that rose were yellow phosphorus (1.33%); the main commodities that fell were monoammonium phosphate (- 4.06%), diammonium phosphate (- 1.39%). This week’s average was – 0.82%.

III. future forecast

Analysts of business association ammonium phosphate think that the market of autumn phosphate fertilizer is weak, and the price encounters “cold winter”. The operating rate of Monoammonium is about 50%, the downstream takes the goods as needed, and some enterprises limit production and insure price. Demand for diammonium is light, exports are weak, and new single volume is rare. It is expected that the phosphate fertilizer market will not improve in the later period, and the weak market will continue. It is suggested to pay attention to the real-time market dynamics of phosphate chemical industry.

I. price trend

Isopropanol prices fell in September, according to commodity data monitoring. At the beginning of the month, the average price of isopropanol in China was 6916.67 yuan / ton, and at the end of the month, the average price was 5800 yuan / ton.

II. Market analysis

Product: the domestic isopropanol market fell this month, and the atmosphere in the market was short. The price of acetone is weak, and the profit selling space of isopropanol plant by acetone method is increased, and the atmosphere in the plant is stalemate; however, the price of propylene is rising at present, and the price reduction intention of isopropanol by propylene method is not strong. Up to now, the negotiation range of isopropanol in Shandong is about 5800 yuan / ton, that in Ningbo, Zhejiang is around 5700 yuan / ton, that in Jiangsu is about 5650-5800 yuan / ton, and that in Guangdong, South China is around 6050 yuan / ton. The price of isopropanol from propylene method is about 6500 yuan / ton.

Industry chain: as of October 28 from the upstream, the price of acetone fell by 11% in the month. At present, the market price of acetone is around 4450 yuan / ton. The acetone price is low this month. In the case of limited delivery, isopropanol may be sold at a low price. The price fluctuation of propylene market in this month is relatively obvious. At present, it is expected that the market is bullish, and the buyer has no intention of shipping at a low price. By the end of the month, the mainstream price of propylene in East China market is around 7300 yuan / ton. Propylene isopropanol plant cost surface pressure, high price operation.

On October 27, the commodity price index of isopropanol and acetone was 106.37, unchanged from yesterday, 28.34% lower than 148.43 (2019-01-02), the highest point in the cycle, and 31.43% higher than 80.93, the lowest point on December 25, 2013. (Note: cycle refers to 2013-01-01 till now)

III. future forecast

According to isopropanol analysts from the chemical branch of business society, the decline of acetone will certainly depress the downstream market mentality of isopropanol. The pressure of isopropanol in propylene process is high and the cost is serious. Generally speaking, the isopropanol market has a strong wait-and-see atmosphere, and the buying is cautious. The industry pays more attention to the future news.

I. price trend

According to the data of the business club’s bulk list, this week (10.21-25) polysilicon continued to maintain a narrow adjustment trend after the festival, not continuing the upward trend in September. At present, the market supply and demand balance, the price also returned to stability, the bottom rebound is temporarily over, although the price did not break through again, but the market is still relatively rigid. As of October 25, the average price quoted by domestic enterprises is 63000-67000 yuan / ton, and the current price is about 22% lower than that of last year. At present, the domestic single crystal is still stable, the price range of compact material is 7300-760 million yuan / ton, and the price difference of single polycrystal is still at the early level.

II. Market analysis

In the middle and late ten days, the domestic polysilicon market has maintained stable operation. After going through the slow bull market of “Jinjiu”, the polysilicon market has entered a stable period at present. As the overall market temperature has not continued, the procurement remains on the sidelines, and the recent procurement price is expected to continue to fluctuate. At present, it is mainly focused on the price changes of single and multi silicon chips at the end of the month, but from the perspective of supply and demand, the market performance is relatively balanced at present. On the one hand, the market supply is sufficient, and the overhaul rate of large factories is low, but the inventory pressure of manufacturers is not large. At present, 15 domestic polysilicon production enterprises have stopped this week, and there are two polysilicon enterprises in the overhaul period, and the overhaul is expected to continue to November. The signing rate of manufacturers is also high, mainly because most domestic enterprises are still executing the orders signed in October at the end of September, and most orders signed in November are concentrated in the next week, so the price of this week has not been greatly adjusted. Overall, the overall market supply pressure is not big. On the other hand, the market demand has returned to stability in the near future, and has not continued to expand. After entering the middle and late October, the downstream demand performance is in line with the rules. Previously, the silicon material price corresponding to the silicon chip price was relatively low, so the pressure of polysilicon chip enterprises is indeed large at present, but with the weak demand of polysilicon in the near future, the overall situation is not conducive to the price of the overall polysilicon products. The trading performance of overseas polycrystalline market is more active than that of domestic market, especially the small material market. Considering the change of exchange rate, the high price market has increased. Domestic polysilicon prices did not continue to rise, mainly because demand did not keep up.

In the future, business analysts believe that the current polysilicon market is weak and stable. In the late October, the overhaul of two enterprises will not bring much supply change to the market. In the short term, the supply is still stable. In the future, the polysilicon trend will mainly depend on the change of demand: the demand begins to shift to the single crystal market, so the single crystal market may be better than the polycrystalline market. Accordingly, monocrystal will occupy part of the demand for polycrystals, while the demand for polycrystals will decrease. However, due to the maintenance of silicon enterprises in the same period affecting part of the supply, offsetting the impact of some expected demand reduction, the market of polycrystal silicon will continue to maintain stability in the short term, mainly with narrow fluctuations.