On November 4, the phthalic anhydride commodity index was 62.41, down 0.49 points from yesterday, down 48.05% from 120.13 (2012-02-28), the highest point in the cycle, and up 28.89% from 48.42, the lowest point on January 21, 2016. (Note: cycle refers to 2011-09-01 to now).

In recent years, the market price of phthalic anhydride in China has continued to decline. In East China, the market price of phthalic anhydride is weak. The downstream factories maintain rigid purchase, the factory inventory pressure increases, and the high-end transaction is blocked. In recent years, the factory inventory has increased, and the market price trend of phthalic anhydride continues to be at a low level. In East China, 6400-6700 yuan / ton is the main flow of negotiation for neighboring method and 5800-6000 yuan / ton for naphthalene method; in North China, 6200-6400 yuan / ton is the main flow of negotiation for phthalic anhydride market. Most of the manufacturers in the field have price callback, the downstream construction is not high, the purchase is mainly on demand, the wait-and-see mentality is strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is sufficient, and the downstream demand of phthalic anhydride is also strong The demand for phthalic anhydride decreased and the price trend of phthalic anhydride continued to decline.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 6200 yuan / ton. Due to the restart of maintenance devices of some domestic phthalic anhydride manufacturers, the supply of goods inside the site has increased, the import price of phthalic anhydride in the port area has declined, and the quotation has declined. In the near future, the price of phthalic acid in the port has declined, and the stock in the port is at a low level. The external quotation of phthalic anhydride has fluctuated and fallen. The actual transaction price is subject to negotiation, and the details are given, The price trend of phthalic anhydride market continued to decline due to the drop of upstream raw material phthalic acid price.

The downstream DOP price is slightly lower, the price of isooctanol is lower, and the DOP cost is lower. The DOP price is fluctuating, the downstream demand of DOP is normal, the customer’s purchasing enthusiasm is general, the downstream PVC market is fluctuating and declining, the high-end transaction of DOP is blocked, the mainstream transaction price of DOP market is slightly reduced to 7400-7700 yuan / ton, the downstream price trend is declining, and the upstream ox price is falling, affected by the cost downward slide, it is expected that the market price of phthalic anhydride will maintain a slightly lower trend in the later period.

I. price trend:

According to the data of the bulk list of business agencies, the spot price of ABS fell in October, and the domestic market continued to be weak. As of October 31, the main offer price of general-purpose ABS was about 13050.00 yuan / ton, down 3.33% from the beginning of the month.

II. Analysis of influencing factors:

Industry chain: in all upstream aspects of ABS, the price of styrene fell in October. Recently, the supply of styrene in China is in good condition. In October, the import of styrene remained at a high level, resulting in the continuous increase of port inventory. Under the impact of a large number of imported goods supply, the cash flow of styrene in China has been significantly compressed, but at present, the import volume has not decreased, and domestic manufacturers have not reduced their production The current price has not reached the cost line of the manufacturer. However, with the expected production of Zhejiang Petrochemical approaching, it may affect the digestion capacity of imported goods and further affect the spot price of styrene in China. Downstream terminal digestion pressure, receiving intention is weak, the wait-and-see atmosphere of merchants in the market is increased. Styrene support weakened, market bearish sentiment spread. The whole styrene market lacks strong support point;

This month, the spot market of acrylonitrile related products is basically in a weak position. The pressure on the supply side is not abated, the quotation center of traders is declining, and the actual single is weak. The downstream operators are cautious in mind, not active in replenishment, and maintain the strategy of rigid demand. It is expected that the domestic acrylonitrile quotation will continue to be weak in the near future;

In October, the domestic butadiene market dropped significantly. The butadiene market in Shandong area was slightly weak, and Fushun Petrochemical price was lowered. The butadiene market in East China is dominated by weak consolidation. Sinopec and its external prices continue to decline. The downstream wait-and-see mentality remains unchanged. A few middlemen refer to the northern prices for offers. The downstream firm needs to digest the domestic spot at a slightly lower price node. The export volume of northeast manufacturers deserves attention. If the manufacturers continue to release volume and the supply is still under pressure, it is suggested to pay attention to the information guidance;

3. Future forecast:

Business analysts believe that the ABS market fell in October, and the spot prices of various brands declined. Cost side of the upstream three materials weakened this month, poor support for the cost side. Downstream factories began to reduce inquiries, buying light, just need replenishment. Business delivery pressure, weak in the field to see a heavier mentality, buy up do not buy down. It is expected that domestic ABS market will continue to be weak in the near future.

I. price trend of lithium hydroxide:

The average price of lithium hydroxide as of November 1 was 67666.67 yuan / ton, according to the data in the bulk list of business associations. The market price of lithium hydroxide fell, down 2.40% compared with that at the beginning of the week (October 28). In a three-month cycle, it fell 12.50% year-on-year.

II. Market analysis:

Product: the market price of lithium hydroxide fell this week. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 63000 yuan / ton, that of Shanghai oujin Industrial Co., Ltd. is 66000 yuan / ton, and that of Zigong tongfarong industrial grade lithium hydroxide is 74000 yuan / ton. The specific price will be discussed in a single way.

Industry chain: the upstream lithium carbonate market price fell (10.28-11.1) this week, up or down by – 1.12%. In October, the East China market of lithium carbonate continued to be under pressure, and the price still fell all the way without any positive trend.

Industry: according to the price monitoring of the business association, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%). There are 40 commodities with a decline of 5% or more, accounting for 4.7% of the monitored commodities in the sector; the top three products with a decline are DMF (- 7.88%), butadiene (- 6.73%) and acrylic acid (- 5.88%). This week’s average was – 0.61%.

3. Future forecast:

According to analysts of lithium hydroxide of business association, the upstream lithium carbonate market is weak, and the cost is also weakened in the face of lithium hydroxide support. At present, the supply of goods is sufficient, the demand of downstream glass and lubrication industries of industrial grade lithium hydroxide is stable, and the willingness of manufacturers to ship is increasing. It is expected that the lithium hydroxide Market will be dominated by weak operation in the short term.

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.