This week, the acrylic acid market experienced narrow fluctuations and consolidation. According to the Commodity Market Analysis System of Shengyishe, as of November 24th, the average quoted price of acrylic acid in the East China region is 6125.00 yuan/ton, which is unchanged from Monday’s price.

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of Shengyishe, on November 23rd, the reference price of propylene was 7063.25, an increase of 0.18% compared to November 1st (7050.75). Recently, the domestic propylene (Shandong) market has shown a narrow upward trend, and the cost side pressure of the acrylic acid market is relatively high.

Supply and demand side: At the beginning of the week, the follow-up of downstream inquiries into the market was average, with some holders offering discounts to ship. As some devices were shut down for maintenance, the market supply of goods decreased, supporting the mentality of enterprises to raise prices. Downstream demand was mainly followed up.

The acrylic acid analyst from Business Society believes that cost pressure still exists at present, and the supply side has some support for the market. However, downstream only requires rigid procurement, and the market atmosphere is average. It is expected that the acrylic acid market may remain stagnant and consolidate in the short term, and more attention still needs to be paid to market news guidance.

Recent price trends of isooctanol

According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong Province has slightly increased this week. This week, the average price of isooctanol in the mainstream market of Shandong region increased from 11220.00 yuan/ton at the beginning of the week to 11280.00 yuan/ton at the weekend, an increase of 0.53%, and the weekend price increased by 21.73% year-on-year. On November 20th, the isooctanol commodity index was 83.09, an increase of 0.15 points from yesterday, a decrease of 39.57% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 136.39% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Insufficient upstream support, average downstream demand

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have fluctuated this week, with average inventory levels.

From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 7203.25 yuan/ton at the beginning of the week to 7198.25 yuan/ton at the weekend, a decrease of 0.07%, and a year-on-year decrease of 0.45% over the weekend. The upstream raw material market prices have slightly declined, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the DOP market price has slightly decreased this week. The price of DOP decreased from 11383.33 yuan/ton at the beginning of the week to 11259.17 yuan/ton at the weekend, a decrease of 1.09%, and the weekend price increased by 11.48% year-on-year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Future prospects

In late November, the Shandong isooctanol market may experience a slight fluctuation and decline. The upstream propylene market has slightly declined, with insufficient cost support. Downstream DOP market slightly declined, and downstream demand weakened. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.

The price of ortho xylene has stopped falling and stabilized this week

According to the Commodity Market Analysis System of the Business Society, as of November 20th, the price of ortho xylene was 7800 yuan/ton, which has stabilized compared to the price of ortho xylene on November 15th last week, which was 7800 yuan/ton. The price of mixed xylene stabilized after falling, while the cost of adjacent xylene stabilized; Downstream demand has stabilized, and the price of ortho xylene has stabilized after falling this week.

Raw material mixed with xylene stabilizes after decline

According to the market analysis system of mixed xylene products in the Business Society, as of November 20, the price of mixed xylene was 7120 yuan/ton, a fluctuating decrease of 1.79% compared to the price of mixed xylene of 7250 yuan/ton on November 13 last week. Crude oil prices have fluctuated and fallen, while the cost of mixed xylene has decreased. The price of mixed xylene has stabilized after falling, and the cost of raw materials for ortho xylene has stabilized. The downward pressure on ortho xylene prices has weakened.

Downstream phthalic anhydride market stabilizes after falling

According to the market analysis system for phthalic anhydride products of the Business Society, as of November 20th, the quotation for neighboring phthalic anhydride was 7487.50 yuan/ton, which stabilized after a drop of 7525 yuan/ton from November 13th last week, with a decrease of 0.50%. The operating rate of domestic phthalic anhydride remains at 60%, and the price of phthalic anhydride has stabilized after a decline, resulting in weak demand for ortho benzene.

Future prospects

Analysts from Business Society’s adjacent xylene data believe that the price of mixed xylene has stabilized after falling this week, and the cost of adjacent xylene has decreased; The price of phthalic anhydride stabilized after falling, and the market for phthalic anhydride was weak, resulting in weak downstream demand for neighboring benzene. In the future, the prices of mixed xylene and phthalic anhydride have stabilized, the cost and demand of ortho benzene are weak, the profit of ortho benzene is approaching zero, and the space for ortho benzene price decline is limited. It is expected that ortho benzene prices will fluctuate and stabilize in the future.

This week, the market for epichlorohydrin has remained stable with minor fluctuations. According to the Commodity Market Analysis System of the Business Society, as of November 17th, the average price quoted by epichlorohydrin enterprises was 8025.00 yuan/ton, a decrease of 0.31% compared to Monday’s price.

Price influencing factors:

Cost side: According to the analysis system of the commodity market of the Business Society, the recent domestic propylene (Shandong) market has experienced narrow fluctuations, with stable prices of raw materials such as glycerol. The cost side is generally supported by the epichlorohydrin market.

Supply and demand side: The utilization rate of production capacity on the supply side has decreased, and the tight spot supply situation has continued to provide some support to the market. Downstream wait-and-see for bargains is still necessary to follow up, but the demand side is still weak. The main downstream epoxy resin has been affected by the weak supply and demand since November, and the market continues to decline. There is insufficient support for the epichlorohydrin market. According to the commodity market analysis system of the Business Society, on November 16, the reference price of epoxy resin was 13433.33, Compared to November 1st (13933.33), it decreased by 3.59%.

Analysts from Business Society’s epichlorohydrin believe that in the short term, some devices may restart or meet expectations, but market supply support still exists and demand may still be weak. It is expected that the epichlorohydrin market may remain stagnant and operate on a wait-and-see basis in the short term, and more attention still needs to be paid to changes in raw material prices.

According to the Commodity Market Analysis System of the Business Society, the mainstream price of styrene in Shandong has recently declined. At the beginning of the week, the average price of styrene in Shandong was 8733.33 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8616.67 yuan/ton, a decrease of 1.34%. The price has increased by 6.05% compared to the same period last year.

styrene

Recently, the market price of styrene has declined. From the above chart, it can be seen that the price of styrene has fluctuated slightly in the past month, with a slight decline in the market this week. The price of raw material pure benzene has decreased, with poor cost support. Downstream demand has not improved, and spot transactions of styrene have been weak, causing market volatility to decline.

In terms of raw materials, the price of pure benzene continued to decline this week, with weaker purchasing intentions from downstream customers and sluggish spot transactions. The pure benzene market continued to decline. The main listing has been lowered, and the Shandong Refinery’s quotation continues to decline. After the price drop, traders took advantage of bargains to purchase and deliver orders within the week, resulting in a warmer transaction.

In terms of downstream market, the three major downstream markets of styrene have fluctuated. The domestic PS market continues to decline, with a range of 80-100 yuan/ton. The significant decline in crude oil has driven down pure benzene and styrene, and the price of PS ordinary materials has also fallen, with a temporary decrease less than that of the upstream. Merchants mainly sell at a profit margin and negotiate with actual orders, with some low level transactions.

The EPS market has remained stable this week, with an average price of 10125.00 yuan/ton for ordinary materials. Upstream support has weakened, with a focus on market transactions. Terminal profits are meager, and buying follow-up is limited. Overall, the transaction is average, with a strong wait-and-see atmosphere on the market. Buying is mainly on demand.

Recently, the domestic ABS market has experienced slight fluctuations, and the high load in the ABS industry has continued. As of the end of last week, the average weekly operating rate was around 72%. The production of the enterprise is stable, with a slight increase in weekly total production and a significant increase in inventory positions. The on-site supply of goods is abundant, and the profitability of the enterprise is poor. The drag on the spot market by the supply side has expanded, resulting in high supply pressure. It is expected that the ABS market will struggle to overcome the supply-demand contradiction in the short term, or it will maintain a weak consolidation market.

Recently, Russia and Saudi Arabia have reduced production, international oil prices have slightly increased, and cost support is still acceptable. In the near future, styrene supply may weaken, and under the dual positive situation, it is expected that the short-term volatility of the styrene market will be mainly higher.

According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8228 yuan/ton on November 1, and the average price on November 10 was 8268 yuan/ton. During this period, the quotation increased by 0.49%.

According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) was 9112 yuan/ton on November 1, and the average price on November 10 was 9175 yuan/ton, with a price increase of 0.69% during the period.

According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 8650 yuan/ton on November 1, and the average price on November 10 was 8637 yuan/ton, with a price drop of 0.14% during the period.

Starting from November, the price of polyethylene has fluctuated, lacking effective benefits, and the space for polyethylene to rise is limited. Worried about the global economic outlook, the international crude oil market has declined, and the cost side support for polyethylene is insufficient. Polyethylene prices were relatively low in October, and companies began to have a slight upward trend in early November. There is a trend of upward pricing, but there is little room for upward growth. Some companies have a strong wait-and-see attitude and offer stable prices. The demand in the agricultural film market is flat, and downstream purchases are mainly based on demand, with cautious procurement and insufficient follow-up on new orders.

On November 10th, the polyethylene l2401 contract on the Dalian Commodity Exchange opened at 8177 yuan and closed at 8162 yuan, a decrease of 9 yuan or 0.11%.

After November, the peak season for agricultural film has ended, and the demand side’s boost is limited; Enterprise parking and maintenance have decreased compared to the previous period, and there is still pressure on the supply of polyethylene products. Fundamentals are expected to be empty, and polyethylene may be mainly weak due to fluctuations, with insufficient upward mobility.

The price of plasticizer DOP rebounded in November

According to the Commodity Market Analysis System of the Business Society, as of November 9th, the price of DOP was 11450 yuan/ton, an increase of 2.00% compared to the price of 11225 yuan/ton on November 1st. Strong support for raw materials, weak downstream demand remains, and DOP prices fluctuated and rose in November.

The price of isooctanol first fell and then rose

According to the quotations from major isooctanol manufacturers, it can be seen that the price of isooctanol continued to decline last week, with major isooctanol manufacturers’ quotations plummeting. This week, the prices of isooctanol manufacturers stopped falling and rebounded. On November 8th, the prices of isooctanol surged, with some isooctanol manufacturers experiencing a surge of 600 yuan/ton. Propylene prices have rebounded and surged, while the cost of isooctanol has increased. Downstream plasticizer companies have not started production enough, resulting in poor demand for isooctanol. In November, the price of isooctanol fell first and then rose.

The price of phthalic anhydride stabilizes after falling

According to the Commodity Market Analysis System of the Business Society, as of November 9th, the quotation for neighboring phthalic anhydride was 7575 yuan/ton, a decrease of 2.88% compared to the price of 7800 yuan/ton on November 1st. The operating rate of domestic phthalic anhydride remains at 60%, and the supply of phthalic anhydride is sufficient. The price of industrial naphthalene has increased, and the price of naphthalene phthalic anhydride has rebounded. The price difference between ortho phthalic anhydride and nefa phthalic anhydride is approaching, and the market for ortho phthalic anhydride is favorable. The price of phthalic anhydride has stopped falling and stabilized.

Future expectations

Analysts from Business Society’s plasticizer product data believe that the raw material isooctanol first fell and then rose, the price of phthalic anhydride stabilized after falling, and the cost of plasticizers increased; The plastic market has declined, downstream customers have poor purchasing enthusiasm, and downstream demand for plasticizers remains weak. In the future, cost support is difficult to sustain, and demand remains weak. It is expected that the price of plasticizer DOP will fluctuate and consolidate in a weak manner.

Product name: Sulfuric acid

Latest price (November 6th): 262.00 yuan/ton

On November 6th, the domestic sulfuric acid market price slightly increased, with a price increase of 4 yuan/ton compared to November 3rd, an increase of 1.55%, and a year-on-year decrease of 35.78%. The upstream sulfur market has recently slightly increased, with increased cost support. The downstream monoammonium phosphate market has slightly increased, and downstream customers have a good enthusiasm for purchasing sulfuric acid. Duo Zhong Li is good, but the sulfuric acid market has slightly increased.

In the future, it is expected that the domestic sulfuric acid market price may continue to rise slightly, with an average market price of around 270 yuan/ton.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average price of PS at the beginning of this week was 9650 yuan/ton, and the average price of PS at the weekend was 9733 yuan/ton, with a price increase of 0.86% and a decrease of 4.89% compared to the same period last year.

2、 Market analysis

The domestic PS market saw a slight increase, with a range of 30-150 yuan/ton. The raw material styrene is subject to strong vibration, resulting in increased cost pressure. Some devices in East and South China have recovered, with slight growth in industry production, and some supply sources have tightened due to production cuts. The mainstream market price reference for GPPS in South China is 9120 yuan/ton. (excluding taxes)

3、 Future Market Forecast

The cost increases, and it is expected that the short-term domestic PS (polystyrene) price may mainly increase slightly.

In October, the price trend of domestic fluorite continued to rise. As of the end of the month, the average price of domestic fluorite was 3750 yuan/ton, an increase of 5.63% compared to the initial price of 3550 yuan/ton, and a year-on-year increase of 18.81%.

Supply side: mine safety inspection, shortage of fluorite in stock

In October, the gaming situation in the domestic fluorite industry still exists, and overall, the operating rate of enterprises remains low. The main reason is that upstream mining is tight, backward mines will continue to be phased out, new mines will be added, and mineral investigation work is still difficult. In addition, mining accidents have occurred in some areas, and fluorite mining enterprises are facing increasingly strict safety and environmental requirements. Some mines are undergoing safety hazard inspections, which has increased the difficulty of operating fluorite mines, The shortage of raw materials has restricted the operation of fluorite enterprises, making it difficult for fluorite flotation enterprises to improve their operations. The spot supply of fluorite is tight, and the increase in fluorite is mainly concentrated in the early ten days. In the late ten days, the upstream and downstream game intensifies, and the fluorite market has slightly declined.

On the demand side: The price of hydrofluoric acid is rising, and the starting point of refrigerants is low

In October, the price trend of domestic hydrofluoric acid increased. The mainstream price of hydrofluoric acid discussed by various regions in China was 11400-11800 yuan/ton, and the increase in hydrofluoric acid in October was 8.03%. Recently, some devices are still in shutdown, and the spot supply of hydrofluoric acid has not changed much. The order situation of manufacturers’ hydrofluoric acid is relatively normal. The rise in hydrofluoric acid prices to some extent supports the upward trend of the fluorite market. In addition, as winter storage approaches, the news surface supports the upward trend of fluorite prices in October.

The market for downstream refrigerant products in the terminal market has slightly increased, but the operating rate of the refrigerant industry remains low. The procurement of raw materials is not active, and the load of refrigerant R22 manufacturers is not high. Downstream procurement needs to be followed up, and some enterprises’ quotas are digested in advance. The monthly average quantity of remaining quotas is relatively small, and the price trend of R22 is mainly stable. The domestic R134a manufacturers are operating at low loads, but the actual high-end offers have fallen, and the purchasing atmosphere has cooled. Currently, the market quotation for refrigerant R134a is mostly in the range of 25000 to 27000 yuan/ton. The demand for the refrigerant industry in the off-season is insufficient, and transactions are relatively flat, which to some extent suppresses the increase in fluorite.

In addition to the traditional demand of the refrigerant industry, fluorite, as an important mineral raw material in modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in fields such as national defense and nuclear industry, including lithium hexafluorophosphate, PVDF, graphite negative electrodes, photovoltaic panels, etc. With the demand driven by new energy and semiconductor industries, fluorite applications have received certain support, and the fluorite market has risen.

Future Market Forecast: It is difficult to improve the supply of domestic fluorite mines in the near future, and some mines have stopped production to undergo safety inspections. However, the purchasing sentiment of hydrofluoric acid enterprises is poor, and the upstream and downstream game situation is intensifying. Chen Ling, an analyst at Business Society, believes that the upward trend of fluorite in the future will be hindered, and fluorite prices may slightly decrease.