This week (11.14-18), the domestic polysilicon market continued to maintain a stable pattern, and the price remained at the level of last week, with a weekly rise and fall of only 0. According to the monitoring of the business community, at the weekend, the single-crystal dense mainstream range of the first level solar energy reached the range of 298-30900 yuan/ton. The plant operation rate of the enterprise is high, the supply is stable, and the demand remains just in need of support.

On the supply side, the operating rate of silicon material enterprises is still at a high level. As some devices are about to be put into production, the expected pressure on supply increases. This week, manufacturers’ orders continued to follow up, but the market was hit by the early decline of downstream silicon chips. No adjustment will be made this week. The demand needs to follow up just now. The increase is not much, and the bargaining power of large silicon material manufacturers is weakened. In addition, there are still problems in transportation in Xinjiang and Inner Mongolia. Local supply pressure increases and delivery is delayed, but the overall supply is not affected. On the whole, the steady increase in supply and the significant relief of the pressure of tight supply are the main reasons for the stabilization of silicon material inflation.

From the perspective of downstream silicon chips, this week, silicon chip enterprise quotations remained stable. At the beginning of this month, the market has temporarily entered a stalemate since some silicon chip leaders lowered their quotations for some models of silicon chips. The mainstream transaction price of M10 was stable at 7.37 yuan/piece, while that of G12 was stable at 9.71 yuan/piece. However, downstream demand has slowed down, and silicon chip manufacturers are showing signs of accumulating stock, which does not rule out the possibility of continuing to reduce prices.

In terms of terminals, the price of battery chips this week continued to last week’s price level. The mainstream transaction price of single crystal M6 battery chip was stable, at about 1.29 yuan/W, that of M10 battery chip was about 1.34 yuan/W, and that of G12 battery chip was stable, at about 1.31 yuan/W. Enterprise cost pressure is still high, the willingness to start work is not strong, and the shipment of terminal components is stable.

Future market forecast: polysilicon analysts from the business community believe that the supply and demand of silicon materials are basically balanced at present, but in the later period, as some devices are facing production, the supply pressure will increase, and the supply pattern will be improved. In addition, domestic regulation and control will be strengthened, and the market will be hindered from rising. The supplier has no information release in the short term. The demand side is still rigid and strong, and it is estimated that the silicon material market may still maintain a high consolidation.

In 2022, the acrylonitrile market will fluctuate widely. It will decline in the early stage, rebound in the late stage, and weaken again in November. The price at the beginning of the year was 14560 yuan/ton, and the price at the end of the year was 10940 yuan/ton, down 24.86% from the beginning of the year; During the year, the highest point was 14560 yuan/ton, the lowest point was 8900 yuan/ton, and the amplitude was 38.87%.

The market trend of acrylonitrile in 2022 can be divided into five stages:

The first stage: rapid decline stage. According to the monitoring of the business community, the price of acrylonitrile was 14560 yuan/ton on January 1, 2022, and 11800 yuan/ton as of January 17, a decline of 18.96% in the cycle. The supply side pressure is expected to increase significantly due to the high load start of acrylonitrile and the launch plan of Lihuayi’s new units. In addition, the downstream stock preparation near the Spring Festival has basically ended. The acrylonitrile market is light and the price drops rapidly.

The second stage: narrow amplitude oscillation stage. According to the monitoring of the business community, as of May 30, the price of acrylonitrile was 11520 yuan/ton, down 2.37% from 11800 yuan/ton on January 17. During this period, the high point was 11920 yuan/ton, the low point was 11260 yuan/ton, and the amplitude was 5.86%. Since the commissioning of new acrylonitrile units totaling 1.04 million tons/year such as Lihuayi and Selbang in the second half of 2021, the supply side of acrylonitrile has been under pressure. However, since the Spring Festival in February, downstream ABS and others have started to improve, and the demand side of acrylonitrile has been supported; In addition, since March, Kroer and Shandong Haijiang have shut down 390000 t/a units for maintenance, and Shanghai Secco has reduced the load of 520000 t/a units to 50%, reducing the pressure on the supply side. At the same time, the price of raw propylene has greatly increased the cost of acrylonitrile. The weak balance between supply and demand and the strong support of costs have led to narrow fluctuations in the domestic acrylonitrile price.

The third stage: sharp decline stage. According to the monitoring of the business community, the price of acrylonitrile fell from 11520 yuan/ton on May 30 to 8900 yuan/ton on August 31, a decline of 22.74%. During this period, the price of propylene as raw material decreased significantly, and the cost of acrylonitrile decreased significantly; Downstream ABS, acrylic fiber, nitrile and other industries are in low season, and the demand side is insufficient; In addition, the impact of Tianchen Qixiang’s 130000 t/a new acrylonitrile unit being put into production has resulted in sufficient supply of acrylonitrile, which has led to a sharp decline in acrylonitrile prices.

The fourth stage: rebound stage. According to the monitoring of the business community, as of November 15, the price of acrylonitrile rose to a stage high of 11590 yuan/ton, up 30.22% from 8900 yuan/ton at the end of August. Mainly due to the strong downstream demand, the downstream ABS, acrylic fiber and other industries have significantly increased their demand for acrylonitrile; In addition, the price of raw materials rebounded slightly, and the cost of acrylonitrile rose, driving the acrylonitrile market to rebound significantly.

The fifth stage: the stage of falling after rising. According to the monitoring of the business community, as of November 21, the price of acrylonitrile was 10940 yuan/ton, down 5.61% from 11590 yuan/ton on November 15. Mainly affected by the supply and demand side: on the one hand, Liaoning Jinfa’s 260000 t/a acrylonitrile new capacity was put into production at the end of October, which impacted the supply side; On the other hand, with the end of peak season and the impact of epidemic situation on downstream construction, the high level of construction fell slightly, and the demand support weakened.

The new capacity of the industry is large, and the supply side of acrylonitrile continues to be under pressure

Since the second half of 2021, the acrylonitrile capacity has entered the capacity expansion cycle. Under the pressure of supply side, the price of acrylonitrile in 2022 will be lower than that in 2021 as a whole.

According to the business community, 650000 tons of new capacity will be added in the second half of 2021 alone; In 2024, more than 1 million t/a acrylonitrile units will be put into operation. The production capacity of acrylonitrile has risen straightly, coupled with the difficulties in increasing short-term demand, if the acrylonitrile enterprises do not take measures such as load reduction and maintenance, the pressure on the supply side of acrylonitrile will be huge.

The downstream peak season starts to increase, and the demand is obviously supported by acrylonitrile.

The main downstream consumption industries of acrylonitrile are ABS, acrylic fiber industry and acrylamide (including polyacrylamide).

In the first quarter of 2022, the ABS industry will start to operate at 90% or even full capacity. After the Spring Festival, the demand will be significantly supported by acrylonitrile. Later, at the end of March and the end of June, there were two centralized maintenance periods, and the commencement was as low as 70% and 60% respectively, which was insufficient to support acrylonitrile; Since the beginning of August, ABS started to operate at a high level to nearly full load, and the demand for acrylonitrile was again supported. According to the business community, a total of 1.05 million tons/year of new production capacity of ABS, such as Lihuayi, Zhejiang Petrochemical, Ningbo Taihua, is planned to be put into production, which may form a certain support for acrylonitrile in the later period. According to the monitoring of the business community, as of November 21, the domestic ABS price was 12050 yuan/ton, down 18.86% from 14850 yuan/ton at the beginning of the year. The highest point in the year was 15250 yuan/ton on April 6, and the lowest point in the year was 11700 yuan/ton at the end of August, with an amplitude of 23.28%.

Acrylic fiber terminal products are mainly sweaters, blankets, carpets, etc., while the peak demand season for sweaters, blankets, etc. is concentrated in cold winter. In the first quarter of 2022, the construction of domestic acrylic fiber will be around 60%, and in April, the construction will be below 40%. The output in the first quarter will be about 133674 tons, a year-on-year decrease of 5.71%. In the second quarter and the beginning of the third quarter, the industry started at a low level in the off-season. After September, the domestic acrylic fiber plant Jilin Chemical Fiber Acrylonitrile Plant was restarted to normal operation, and the domestic acrylic fiber construction started from 30% to more than 60%. Later, with the increase of demand in peak season, the construction started for more than 70% at one time, and the demand for acrylonitrile increased significantly.

In recent years, the acrylamide/polyacrylamide industry has greatly increased, and the proportion of acrylonitrile application has gradually increased. According to the business community, the market size of acrylamide in China in 2017 was 4.35 billion yuan; In 2021, the market scale of acrylamide in China will be 7.42 billion yuan, with a year-on-year growth of 11.2%; In 2017, China’s polyacrylamide production was about 750000 tons, and in 2021, China’s polyacrylamide production was about 1.26 million tons. In recent years, the demand for acrylonitrile continues to grow.

In addition, with the increase of acrylamide/polyacrylamide investment and production capacity, the pressure on the supply side of polyacrylamide is gradually emerging, and the commencement of polyacrylamide is maintained between 50% and 70%, which still has a strong need to support acrylonitrile. However, the downstream growth of polypropylene is insufficient, and the price of polyacrylamide will fall slightly in 2022. According to the monitoring of the business community, as of November 21, the price of domestic polyacrylamide was 15514 yuan/ton, down 10.54% from 17342 yuan/ton at the beginning of the year. The starting of polyacrylamide is maintained between 50% and 70%, which still supports acrylonitrile.

The price of raw propylene fluctuated widely, with obvious early support.

According to the monitoring of the business community, as of November 21, the domestic propylene price was 7306 yuan/ton, down 3.21% from 7548 yuan/ton at the beginning of the year. The highest point in the year was 9314 yuan/ton on March 8, and the lowest point in the year was 6834 yuan/ton on August 24, with an amplitude of 26.62%. In the first half of the year, the price of acrylonitrile was at a high level from January to May. Especially in March, as the situation in Ukraine remained tense, the market became more worried about the risk of energy supply interruption. As the international oil price continued to rise significantly, the rise of propylene increased, with the price reaching 9314 yuan/ton, and the cost support was obvious. In the second half of the year, the crude oil surge was weak. In addition, new units were put into operation and maintenance units resumed production, the supply of propylene increased, market competition intensified, and propylene prices fell all the way; During the golden nine and silver ten years, it rebounded slightly, but the overall situation was still weak. In the second half of the year, the cost support for acrylonitrile was obviously insufficient.

Future forecast: acrylonitrile analysts from the business community believe that after a year of concentrated capacity expansion, acrylonitrile is currently in a state of overcapacity; If the new capacity of ABS can be put into production on time in the later stage, the demand will be supported by acrylonitrile. If the new capacity is delayed, the supply of acrylonitrile will still exceed the demand in the short term; In the near future, the US dollar will continue to maintain its strength. There is a risk that the international oil price will continue to decline. The propylene price may decline, and the acrylonitrile cost support will continue to weaken; At present, acrylonitrile has declined slightly since the middle of November. In summary, the rebound of acrylonitrile in the short term is expected to be difficult to sustain. In the long run, acrylonitrile will still be consolidated to seek a new balance point between supply and demand.

1、 Price trend

As can be seen from the figure above, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 6500.00 yuan/ton at the weekend to 6333.33 yuan/ton at the weekend, a decline of 2.56%. On November 20, the isobutyraldehyde commodity index was 32.15, unchanged from yesterday, 69.55% lower than the cycle’s highest point of 105.58 (2021-09-16), and 6.74% higher than the lowest point of 30.12 on October 7, 2022. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of mainstream isobutyraldehyde manufacturers fell slightly this week.

From the perspective of upstream and downstream industrial chains, the propylene market of isobutyraldehyde upstream raw material market fell slightly this week, with the price falling from 7330.60 yuan/ton at the end of last week to 7230.60 yuan/ton at the end of this week, a decline of 1.36%. The upstream raw material market price fell slightly, and the cost support weakened. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol fell slightly, from 9666.67 yuan/ton at the end of last week to 9200.00 yuan/ton at the end of this week, a decrease of 4.83%. Neopentyl glycol market fell slightly and downstream demand weakened, which had a negative impact on isobutyraldehyde.

3、 Future market forecast

The market trend of isobutyraldehyde in late November may fall slightly. The upstream propylene market declined slightly, and the cost support was insufficient. The market of neopentyl glycol in the downstream fell slightly, and the enthusiasm for downstream procurement weakened. The isobutyraldehyde analysts from the business community believe that the short-term isobutyraldehyde market may be subject to slight shock and decline under the influence of supply and demand, raw materials and other aspects.

1、 Price trend

According to the monitoring data of the business community, as of November 18, the average price of refrigerant R22 was 18433.33 yuan/ton, 1.25% lower than the price of 18666.67 yuan/ton at the beginning of the month, and 28.18% lower than the same period last year

According to the monitoring data of the business community, as of November 18, the average price of refrigerant R134a was 25333.33 yuan/ton, 1.94% lower than the price of 25833.33 yuan/ton at the beginning of the month, and 49.33% lower than the same period last year.

2、 Market analysis

Refrigerant R22 fundamentals did not fluctuate much this week. The price of raw material trichloromethane fell sharply in November, the overall price of hydrofluoric acid continued to rise in November, and the cost of raw materials fell again. The downstream trade was more cautious in purchasing and selling. In addition, the winter was the slack season for refrigerant demand. Refrigerant enterprises had difficulty in shipping. Under the pressure of cost, the price of refrigerant R22 continued to operate under pressure and weak.

As of November 18, the price of hydrofluoric acid continued to rise slightly, with a slight increase of 2.19% in the month. The price of trichloroethylene continued to be weak, with a decline of about 5% in the month. The cost of raw materials continued to decline as a whole. Under the pressure of cost, the price of refrigerant R134a continued to adjust weakly this week.

In terms of raw materials, the domestic price of hydrofluoric acid continued to run strongly in November. Although the price of hydrofluoric acid has rebounded from the bottom, there is still a certain gap compared with the price at the beginning of the year. In addition, in the slack season of refrigerant demand in the fourth quarter, the slight rise in the price of some raw materials has limited support for the overall price of refrigerant in the future market.

3、 Future market forecast

Refrigerant analysts from the business community believe that, under the pressure of low raw material costs and weak demand, the prices of domestic refrigerant R22 and R134a have warmed up and come under pressure. It is expected that there will still be some room for decline in the short term.

According to the bulk list data of business cooperatives, as of November 11, 2022, the market price of diethylene glycol was 5666.67 yuan/ton. Compared with November 7, 2022 (the reference price of diethylene glycol was 5650 yuan/ton), the price increased by about 16 yuan/ton, or 0.30%.

It can be seen from the data monitoring of the business community that this week (11.7-11.11), the diethylene glycol market overall showed a small increase. During the week, some diethylene glycol suppliers slightly raised the ex warehouse price of diethylene glycol by 50-100 yuan/ton, while most other suppliers remained stable. At present, the arrival of imported ships is limited, the inventory continues to decline in a narrow range, and the shipment at the wharf is relatively stable. The average daily shipment is about 1400 tons. The low level inventory provides strong support to the market, and the supply pressure is small. However, under the continuous impact of the domestic epidemic, the logistics transportation in some regions was blocked, the downstream commencement remained low, and the overall demand was flat. There is no obvious change in supply and demand. The price trend of diethylene glycol is mainly volatile, and the market mentality is relatively mild. As of November 11, the market price of diethylene glycol was around 5500-5800 yuan/ton.

At present, the arrival of diethylene glycol cargoes is limited, the inventory fluctuates at a low level, and the trading atmosphere in the market is light. After the downstream enters the off-season, the purchase and replenishment are rigorous. The diethylene glycol data engineer of the business community believes that in the short term, the diethylene glycol market will adjust and operate in a narrow range, and continue to pay attention to the change of interest consumption on the supply and demand side.

From November 4, 2022 to November 11, 2022, the bidding price of crude benzol will decline. Last weekend, it was 5775 yuan/ton, and this weekend, it was 5723 yuan/ton, down 0.9%.

Crude oil: On November 10, international crude oil futures prices rose. The settlement price of the main contract of US WTI crude oil futures was 86.47 US dollars/barrel, up 0.64 US dollars or 0.8%. The settlement price of the main contract of Brent crude oil futures was 93.67 dollars/barrel, up 1.02 dollars or 1.1%. The inflation data of the United States in October was lower than market expectations, supporting the rebound of oil prices, and diluting the fear of slowing fuel demand in Asia due to epidemic measures.

Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)

Date., Adjusted Price., Adjusted Amount

November 2., 7200., – 250,

November 4., 7000., – 200

The ex factory price of Sinopec’s pure benzene will be reduced by 200 yuan/ton on November 4, 2022, and the current price is 7000 yuan/ton.

Other enterprise quotations: Chambroad Petrochemical quoted 7000 yuan/ton, HSBC Petrochemical quoted 7050 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, and Xinhai Petrochemical quoted 6950 yuan/ton.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July. It has slightly warmed up in late August and early September, and fell in October and November.

The overall pure benzene market was weak this week. At the beginning of the week, the trend of crude oil and styrene was volatile, the price of the external market fell slightly, the price of pure benzene fell slightly after the lack of support, and the factory price of Sinopec was also lowered to 7000 yuan/ton. With the price of pure benzene falling, the market became active, and some enterprises bought on the cheap, which boosted the market mentality of pure benzene. With the deal getting better and better, the market price stopped falling and stabilized, and the market negotiation price slightly warmed up. Near the weekend, crude oil weakened again, pure benzene lost its support again, and the price dropped slightly by 25-50 yuan/ton. The overall trend of the industrial chain was weak this week, and the price of hydrogenated benzene was dragged down. This week, the price dropped significantly, and the factory price dropped continuously. As of the press release, the mainstream factory price in Hebei was 6900-7000 yuan/ton.

The bidding price fluctuation range of crude benzol market this week is small, and the overall range is 50-100 yuan/ton. The bidding price of Shandong, the main production area, this week is 5750 yuan/ton, which is 50 yuan/ton lower than that of last week. In terms of supply, the coking enterprises maintained the original production limit this week, with limited overall changes. The operating rate of downstream hydrogenated benzene enterprises this week was basically flat compared with last week. Affected by the fluctuation of the industrial chain, the price change this week was limited. In the future, it is expected that the changes of the positive and negative factors in the crude benzol market in the near future are limited. It is expected that the price in the future will remain mainly in consolidation operation, with a limited range of overall fluctuations. In the future, we will focus on the trend of crude oil and styrene and the commencement of the hydrogenation benzene unit.

The domestic cobalt price rebounded slightly

According to the data monitoring of the business community, as of November 14, the average domestic cobalt price was 344700 yuan/ton, up 3.14% from 334200 yuan/ton on November 7; Compared with the cobalt price of 342700 yuan/ton on November 1, the cobalt price increased slightly by 0.58%. In November, the cobalt price fell first and then rose, and the overall domestic cobalt price rebounded slightly. The corresponding decline in the international cobalt price remains.

MB Cobalt Price

It can be seen from the MB cobalt price trend chart that the MB cobalt price continued its decline in October in November. As of November 11, the average price of standard cobalt was 22.475 dollars/pound, down 2.525 dollars/pound from the standard cobalt price of 25 dollars/pound on November 1; On November 11, the average price of alloy grade cobalt was US $24.875/lb, down US $1.375/lb from the average price of alloy grade cobalt of US $26.25/lb on November 1. The international cobalt price fell sharply, and the decline in the cobalt market remained.

Overview and prospect

Bai Jiaxin, a data analyst from the business community, believes that domestic consumption in November is expected to be good for the domestic cobalt market. Mobile phone consumption accounts for a high proportion of mobile phone consumption during the Double 11 Festival, and mobile phone consumption has stimulated the demand in the cobalt market. Recently, lithium cobalate is the only one in cobalt salt (most cobalt salt prices have fallen, while lithium cobalate prices have risen slightly). However, the domestic consumption stimulus has little impact on the international market. Recently, the supply and demand of the cobalt market have limited changes, and the decline of the international cobalt price remains unchanged. In the future, although the sales of new energy vehicles have reached new highs, lithium iron phosphate battery has greatly occupied the ternary battery market, and the demand in cobalt market is less than expected. In the short term, mobile phone consumption has stimulated the growth of cobalt market demand, but this kind of stimulus is even more unsustainable. It is expected that the future cobalt price will fluctuate and become stable.

According to the price monitoring data of the business community, as of November 14, 2022, the price reference of domestic n-propanol was 8500 yuan/ton. Compared with November 7 (the reference price of n-propanol was 8483 yuan/ton), the price decreased by 17 yuan/ton, or 0.20%.

It can be seen from the data monitoring chart of the business community that the recent (11.7-11.14) domestic n-propanol market fluctuated and rose slightly. The information in the n-propanol field is relatively calm, and the supply and demand side has not changed much. In Shandong, n-propanol suppliers mostly adjust their prices according to their own inventory and other factors, with a price adjustment range of 50-100 yuan/ton. As of November 14, the market price of n-propanol in Shandong Province in China is around 8000-8300 yuan/ton. In Nanjing, the market of n-propanol is stable, and the price of n-propanol is around 9500 yuan/ton. At present, there is a large difference between high and low prices in the n-propanol market, and dealers around the country still have reservations about the price. It is difficult to monitor the price, which may lead to differences in the specific negotiations. There are also differences in each region. The actual negotiation is the main way, and we will wait and see the changes in raw material prices and shipments in the future.

Prediction of the future market trend of n-propanol

At present, the downstream demand of the domestic n-propanol market is relatively stable. The n-propanol data engineer of the business community believes that in the short term, the domestic n-propanol market mainly operates in a stable and small dynamic range, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

According to statistics, the domestic ammonium nitrate market price rose slightly this week. As of the weekend, the market price of ammonium nitrate was 3950 yuan/ton, 0.51% higher than the beginning of the week’s price of 3930 yuan/ton, down 15.96% year on year.

The domestic ammonium nitrate market price rose slightly this week. The domestic ammonium nitrate manufacturers’ devices operated stably. In the near future, the supply of goods on the site was normal. The goods on the site were generally sold. The manufacturer’s inventory was not high. The price of liquid ammonia at the upstream of the terminal rose. In addition, the price of nitric acid rose slightly, and the price of ammonium nitrate rose slightly. Recently, the shipping market of ammonium nitrate manufacturers is normal, and the downstream purchase is based on demand. Recently, the demand for downstream nitro compound fertilizer is normal, but the sales of domestic downstream civil explosive industry has come to an end. The demand for ammonium nitrate has decreased, and the domestic ammonium nitrate manufacturers have not started to work. Recently, the price of ammonium nitrate is temporarily stable. Up to now, the mainstream of negotiation in Shaanxi is 4800-5200 yuan/ton, that in Shandong is 3900-4000 yuan/ton, and that in Hebei is 3900-4000 yuan/ton.

The price of concentrated nitric acid in China rose slightly this week. As of the weekend, the average price of nitric acid in China was 2400 yuan/ton, up 1.41% from 2366.67 yuan/ton at the beginning of the week. Recently, the domestic nitric acid plant has been operating stably, the supply of concentrated nitric acid in the market is normal, and the delivery of goods on the site is normal. Recently, the price of nitric acid on the site has risen slightly, the price of raw nitric acid has risen to support the market of ammonium nitrate, and the market price of ammonium nitrate has risen slightly.

The price of upstream liquid ammonia rose this week. As of the 11th day, the price of liquid ammonia was 4363.33 yuan/ton, up 4.30% from 4183.33 yuan/ton at the beginning of the week. The supply of liquid ammonia shows a tightening trend, and the annual routine maintenance and temporary maintenance of enterprise devices are too much, leading to the supply decline in major production areas of the country to varying degrees. According to the calculation of the business community, the daily output loss of the overhaul enterprise exceeds 1500 tons. The price of ammonia enterprises in many places has been raised repeatedly, ranging from 200-350 yuan/ton. The rising price of upstream liquid ammonia has a certain positive impact on the ammonium nitrate market, and the market price of ammonium nitrate has risen.

In the near future, the demand of the downstream civil explosive industry may gradually start, the price of liquid ammonia market will rise, the price of nitric acid will rise, and the spot supply of ammonium nitrate will be normal. The ammonium nitrate analyst of the business community thinks that the market price of ammonium nitrate will continue to rise in the later period.

The domestic butadiene market fell sharply again, and the multiple bad news led to the “collapse” of the butadiene market: first, the supply was too large to be supported by good news; Secondly, the external market continues to be weak; At the same time, the price of synthetic rubber continues to decline, and the weak market of downstream products also drags the butadiene market.

According to the sample data monitored by the business community, from October 31 to November 4, the domestic butadiene market price fell from 7603 yuan/ton to 7146 yuan/ton, with a 6.02% decline in the cycle, 13.94% month on month and 6.22% year-on-year. In terms of price, the delivery price in Shandong Luzhong is 7400-7500 yuan/ton, and the self lifting price in East China is 6800-7000 yuan/ton.

For enterprises, Sinopec East China Sales Company lowered the listing price of butadiene by 400 yuan/ton to 7200 yuan/ton. The 30000 t/a butadiene unit of Liaoyang Petrochemical Plant was in stable operation, 280 t of goods were sold abroad through competitive bidding, and the transaction price was 6820 yuan/t. The 140000 t/a butadiene plant of Dalian Hengli has been operating stably, the source of goods is normal for export, and the listing price is stable at 7010 yuan/t.

In terms of external market: as of the closing of November 3, the price of Asian butadiene external market fell: South Korea FOB reported 725-735 dollars/ton, down 20 dollars/ton; China CFR reported 755-765 dollars/ton, down 20 dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 995-1005 USD/ton; FD Northwest Europe closed at 1095-1105 euros/ton.

Region, country, closing price, up and down

Asia, FOB South Korea, 725-735 dollars/ton, – 20 yuan/ton

Asia, CFR China, 755-765 USD/ton, – 20 USD/ton

Europe and America, FOB Rotterdam, 995-1005 USD/ton, 0 USD/ton

Europe., FD Northwest Europe., 1095-1105 euros/ton., 0 euros/ton

The inventory is relatively high, and there is no obvious positive effect on the supply side. Downstream products continued to decline, with limited demand side information support. Butadiene analysts from the business community predicted that the short-term domestic butadiene market was mainly weak.