Monthly Archives: October 2019

This week, China’s domestic chloroform market remained stable (10.21-10.25)

I. price trend


According to the monitoring of bulk data of business agency, the domestic trichloromethane market remained low this week, and the price of trichloromethane in Shandong Province remained at about 1900 yuan / ton in the week.


II. Cause analysis


Product reason: the domestic trichloromethane production unit operates stably, the supply of goods in the field is sufficient, the market of trichloromethane is in poor condition, and the operation is kept at a low level for a long time. At present, the price of trichloromethane in Shandong is about 1900 yuan / ton; the price of Trichloromethane in Jiangsu is about 3800 yuan / ton; the price of Jiangxi Liwen is about 2850 yuan / ton. In terms of unit start-up, Jinling, Shandong Province started normal operation, Luxi Chemical industry started 60%, Jiangsu Liwen unit started normal operation, Jiangxi Liwen unit started 50%.


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Industry chain: on the upstream side, affected by the poor delivery of goods from the downstream, the domestic methanol market fell sharply in a week, down 10.47% in a week, at present, about 2100 yuan / ton; the liquid chlorine market was affected by the overhaul, the supply was tight in a week, and the price continued to rise. At present, the enterprise reported an extra 700-850 yuan / ton. In the downstream, the production and domestic sales quota of R22 is tightening, and the manufacturers’ confidence in holding prices is increasing, which stimulates the enthusiasm of middlemen to store goods, and the supply of small packaging products of some enterprises is tight; the pharmaceutical and agricultural intermediate industry is affected by environmental protection, and the construction is flat, and the purchase is just needed.


Industry: according to the price monitoring of the business agency, in the 42nd week of 2019 (10.21-10.25), there are 10 kinds of commodities rising month on month in the chemical sector, including 2 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 epichlorohydrin (8.05%), sulfur (5.05%) and sulfuric acid (4.88%). There are 41 kinds of commodities decreased on a month-on-month basis, 4 kinds of commodities decreased by more than 5%, accounting for 4.8% of the number of commodities monitored in this sector; the top three products decreased were formaldehyde (37%) (- 9.21%), nitric acid (- 8.62%), acetic acid (- 5.29%).


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III. future forecast


According to the data analyst of methane chloride of business association, at present, the market of trichloromethane is in the traditional off-season, and the price remains low. In the near future, the upstream and downstream markets recover briefly, which has a certain positive support for the price of trichloromethane. It is expected that the market of Trichloromethane will remain stable in the short term, or will recover slightly.

Market price of dry process aluminum fluoride fell this week (10.20-10.25)

I. price trend



According to the data in the business club’s large list, the domestic dry process aluminum fluoride market price remained stable this week, with an average market price of 10000 yuan / ton at the beginning of the week and 9600 yuan / ton at the end of the week, down 4% from last week.


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II. Market analysis


The price of aluminum fluoride is stable this week: at present, the price of aluminum fluoride in Henan is 9400-9700 yuan / ton, and that in Shandong is 9400-9800 yuan / ton. Zhengzhou Tianrui Grain Technology Co., Ltd. quoted 10500 yuan / ton of aluminum fluoride, Shandong LUZHENG chemical aluminum fluoride to 11000 yuan / ton, Zhengzhou Zerun energy chemical aluminum fluoride 8800 yuan / ton.


Industry chain: in the near future, the operation rate of hydrofluoric acid in China is more than 60%. The enterprise reflects that the current spot supply of hydrofluoric acid in the site is sufficient, and the recent delivery situation in the site is poor. In the near future, due to the poor downstream demand, the prices of some hydrofluoric acid manufacturers continue to decline. In the near future, the start-up of downstream refrigerant product units is at a low level, and the demand for upstream fluorite and hydrofluoric acid is poor. In the near future, the trading market of downstream refrigerants is general, and the price of hydrofluoric acid products fluctuates. At present, the price trend of hydrofluoric acid market continues to decline, and the price of hydrofluoric acid market has dropped as much as 20% in three months. Downstream aluminum fluoride manufacturers have been following the decline, this week aluminum fluoride market prices continue to decline.


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III. future forecast


Analysts of aluminum fluoride industry in the chemical branch of business society think: the market price of upstream hydrofluoric acid keeps falling, and downstream aluminum fluoride manufacturers keep falling. It is expected that the market price of aluminum fluoride will continue to be stable and moderate next week.

Butadiene market prices fell sharply

I. price trend


The domestic butadiene market fell sharply this week (10.14-10.18). According to the monitoring of the business agency, the domestic butadiene market price at the beginning of the week was 11562 yuan / ton, and the domestic butadiene price at the end of the week was 10513 yuan / ton, down 9.07% in the week, 4.53% month on month, 0.26% year-on-year.


II. Analysis of influencing factors


Products: this week (10.14-10.18), the domestic butadiene market fell sharply, the northern spot supply was abundant, and the downstream mentality continued to be short, resulting in a depressed market inquiry atmosphere. In addition, the external market was vulnerable to the pressure of ocean shipping, which dragged the domestic butadiene spot market to continue to decline, and the prices of foreign manufacturers and Sinopec were frequently lowered, leading to a sharp decline in the market. Until Thursday (10.17), the price of northeast manufacturers dropped to about 9500-9600 yuan / ton, and the downstream stage just needed to bargain and make up the position, the market turnover improved, and the atmosphere slightly changed. However, the price of synthetic rubber continues to decline, the butadiene market in the north is relatively abundant, and some businesses are still cautious. In terms of price, the price of superior products delivered in Shandong is 10100-10200 yuan / ton, and that in East China is 10400-10500 yuan / ton, all of which are more than 1000 yuan lower than last week.


For enterprises: Sinopec’s total supply price of butadiene in East China has been reduced by 1000 yuan / ton to 11000 yuan / ton; Liaotong chemical’s base price of butadiene in node auction on Monday has been reduced to 10610 yuan / ton, 286 tons of goods have been sold; on Thursday, node price of 9660 yuan / ton has been priced for export of 390 tons; Fushun Petrochemical’s 360 tons of butadiene have been sold for export within the week, with the transaction price of 9520 yuan / ton; shenhuaning coal butadiene has been sold for export of 9090 yuan / ton. Compared with the previous month, it dropped by 1300 yuan / T; Guangzhou Petrochemical’s 30000t / a butadiene plant was shut down for maintenance on October 10, with a planned maintenance period of 25 days; Maoming Petrochemical’s first-line butadiene plant was shut down for maintenance on October 14, with the downstream SBS plant shut down simultaneously; Inner Mongolia Jiutai’s 70000t / a oxidative dehydrogenation plant was shut down for maintenance on October 14, with a planned restart on October 20, with a small amount of inventory for export.


Industrial chain: in terms of downstream synthetic rubber, styrene butadiene rubber. This week, the ex factory price of styrene butadiene rubber fell three times, with a cumulative decline of 800-900 yuan / ton. The market offer also fell significantly, and some offers are still tentative shipments below the supply price. During the week, the main styrene butadiene rubber units were in normal operation, but Qilu had a large amount of pending inspection, and the delivery was a little slow, and the market was slightly tight; the external market of raw butadiene fell slightly, the domestic market fell sharply, the styrene price also fell, and the overall cost performance was negative; the theoretical production of Dante styrene rubber continued to hang upside down, so under this pressure, some private units have not yet been fully loaded, and the follow-up still needs continuous attention. ; in terms of demand, under the guidance of not buying and falling mentality, the actual purchase in the downstream market is more rigid and the price is lower, so the support for the real market is general; in conclusion, the SBR market this week showed a downward trend. In terms of price, the mainstream price of Qilu 1502 in Shandong is around 10500 yuan / ton, and that of Fushun 1502 in East China is around 10400-10500 yuan / ton.


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The influence of SBR on butadiene: in the next period, the price decline of SBR in China slowed down, and entered the late of the month or appeared range shock. Poor U.S. economic data and the risk of brexit aggravate the market’s pessimistic expectation on the economy, which is a negative guide on the macro side; the demand side of Tianjiao is weak, and Shanghai Jiaotong has no obvious guide for the time being; the price of raw material butadiene drops rapidly, but the supply of butadiene in East China tank farm is low, and the low price may present just need for replenishment, which will support the future market of butadiene.


Polybutadiene rubber: this week, both the factory and market prices of polybutadiene are in a downward trend. On the cost side, butadiene prices continued to fall, showing slightly negative guidance. On the supply side, the ChuanHua Shunding unit was restarted, and the mainstream Shunding units in Yanshan, Yangzi, Daqing, Sichuan and Qilu were in normal operation. In addition, the supply side was abundant due to the supplement of spot market. On the demand side, the downstream construction situation has improved, but under the guidance of not buying down mentality, the market entry is cautious and wait-and-see, there is no intention to store goods in batches, only to maintain just need to reduce the price to buy. In view of the above conditions, the market price of cis-1,4-polybutadiene rubber fell sharply. After the supply price fell, there was also a lot of upside down supply of cis-4-polybutadiene rubber, dragging the market forward. In addition, the price of styrene butadiene was also relatively low, which made the sentiment of the industry more bearish. In terms of price, CNPC’s factory price is 11300 yuan / ton for Daqing Shunding in North China and 11300-11400 yuan / ton for Daqing Shunding market in Shandong. The above price is for reference only.


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The effect of BR on butadiene: the domestic br market is likely to weaken slightly next week. On the cost side, the price of raw butadiene continues to decline, which is a bad guide to the psychology of the industry. In fact, the production cost pressure of Shunding is still there. On the supply side, the ChuanHua Shunding unit is restarted, the blue deshunding unit is expected to restart, and the rest of the mainstream Shunding units continue to operate normally, with the supply side or more relaxed. On the demand side, the construction of downstream tire factories has picked up, but today it starts to run. Due to the impact of environmental protection policies, the production of pipe belt factories in North and other regions was again limited and shut down, with a slight negative impact. As a whole, the downstream market continued to press the price to buy; Shanghai Rubber Co., Ltd. concussed and sorted out, and the price difference between its spot and CIS butyl rubber narrowed. At present, there is no clear guidance in the news.

III. future forecast


On the positive side, the stage rigidity of the lower reaches of the North needs to be supported, and the supply side’s inventory pressure has been alleviated to a certain extent. On the negative side, there will be a slight increase in the arrival of cargo in the next period; the external market is weak; the synthetic rubber market is declining; it is difficult to have sustained support for rigid demand. The sharp price reduction of northern manufacturers stimulated the need to make up positions in the downstream stage, and the market atmosphere slightly improved in the late week. But at the same time, the downstream synthetic rubber market maintained a downward trend, and the downstream stage rigid demand is difficult to bring sustained good support. In the next cycle, in view of the current easing of the supply side inventory pressure, it is expected that the manufacturer’s prices will be consolidated; however, there is no obvious price difference between the north and the south, and the imported cargoes from East China will arrive in Hong Kong next week, and the supply and demand in the north is still abundant, so it is difficult to have a significant positive effect on the market supply and demand fundamentals. The business community butanediene analysts expect that the short-term domestic butadiene market will still have a weak expectation after the consolidation. Suggestions Pay attention to the manufacturer’s export policy and internal and external price guidelines.

Antimony ingot market price continues to rise this week (10.14-10.18)

I. price trend


This week (10.14-10.18) the price of 1 × antimony ingot in China rose. The average price of domestic market at the beginning of the week was 40750 yuan / ton, while the average price at the end of the week was 42000 yuan / ton, up 3.07%.


On October 19, the antimony commodity index was 58.47, unchanged from yesterday, down 42.86% from 102.32 (2012-10-16), the highest point in the cycle, and up 24.46% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).


II. Market analysis


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Upstream and downstream: the price of antimony oxide rose with the trend of antimony ingot on Wednesday, and the transaction was limited. As of Friday, the average price of antimony trioxide was 99.5% at 36500 yuan / ton and 99.8% at 38500 yuan / ton.


Domestic market: this week’s antimony ingot market continues the trend of last week’s rising trend. Due to the firm firm price information of major domestic manufacturers, the price of this week has increased significantly. As of Friday, the average price of 2 × low bismuth antimony ingots is 41000 yuan / ton, 1 × antimony ingots is 41500 yuan / ton, 0 × antimony ingots is 42500 yuan / ton, and the average price of 2 × high bismuth antimony ingots is 39000 yuan / ton. 2. The increase of high bismuth antimony ingot is 2000 yuan / ton, and that of other models is 2500 yuan / ton. At the end of the third quarter, we will enter the traditional peak season of the fourth quarter. The downstream stock is more active. The overall transaction of the market is good. Some traders are reluctant to sell, and the overall market atmosphere is good.


Nonferrous Industry: market sentiment was mixed this week. At the beginning of this week, China and the United States reached an agreement on the framework of trade negotiations. The process of brexit was accelerated, the market performance was good, and basic metals generally stabilized in a high range of shocks. However, with the release of global economic data in succession, the trend of global economic downturn made the basic metals one after another spit out the weekly gains, showing a high pressure situation.

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III. future prospects


Next week, European and American economic data are still relatively concentrated, and it is expected to remain weak. The US dollar is in low-level consolidation, which may support the basic metals. There are long orders delivered in the domestic trade market. Due to the upgrade of value-added tax tickets, the spot performance may be strong. Most of the basic metals will maintain the range shock pattern, and it is temporarily difficult to breed the ability and space for a major breakthrough. In terms of antimony ingot, the market confidence will continue to recover under the influence of the overall good performance of the market and obvious firm price sentiment of manufacturers, and the firm price may continue for some time.

China’s domestic rare earth market keeps falling

Recently, the price of heavy rare earth in China has dropped sharply, and the price trend of some rare earth products is as follows:

Recently, the market price of heavy rare earth in China has dropped sharply. As of October 18, the price of dysprosium oxide was 1705000 yuan / ton, a drop of 8.58%; the price of dysprosium ferroalloy was 1705000 yuan / ton, a drop of 8.58%; the market price of light rare earth has also dropped correspondingly, the price of neodymium oxide was 307500 yuan / ton, a drop of 3.76% in October; the price of praseodymium neodymium alloy was 387500 yuan / ton, a drop of 4.91%; and the price of praseodymium neodymium alloy was 387500 yuan / ton. Oxide prices fell to 306500 yuan / ton, down 3.46% in October. In recent years, the price of heavy rare earth in China has declined significantly, and the price of light rare earth market has declined slightly. In recent years, Myanmar has reopened its gateway, and the supply of heavy rare earth market in China has increased. Affected by the low price selling of some manufacturers, the price of heavy rare earth market has been falling continuously.


On October 18, the rare earth index was 360 points, down 2 points from yesterday, 64.00% from the highest point in the cycle (2011-12-06), and 32.84% higher than the lowest point 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).


In recent years, the price of rare earth in the market has been falling continuously, and the price of heavy rare earth in the rare earth market has declined by a large margin. With the reopening of the gateway in Myanmar, the supply of domestic heavy rare earth market has increased, and some on-site merchants have sold off, and the price of domestic heavy rare earth continues to decline. In addition, in the near future, the demand for permanent magnet is still not improving, the market trend of PR nd series products is declining, the on-site supply is normal, the demand for light rare earth is not good in the near future, and the market price is low. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict environmental protection inspection, the manufacturers reasonably controlled the sales, but in the near future, the downstream demand entered the off-season, some enterprises sold at low prices, and the market price of light rare earth was correspondingly lower.


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In the near future, the national environmental protection department has made unremitting efforts to inspect the rare earth industry. Jiangxi Province has strengthened the supervision of the rare earth industry, which has a great impact on the rare earth industry. The rare earth industry has a relatively low start-up situation, and the market situation is cold, which has brought some good support to the rare earth market. Recently, the supervision group of the State Council went to Jiangxi Province to supervise rare earth enterprises. This supervision focused on the major deployment of the Party Central Committee and the State Council, highlighted the key and difficult issues in the field of economic operation and reform and development, focused on the strong blocking points and pain points reflected by the people and market subjects, and promoted the implementation of various work. In addition, the national development and Reform Commission and the relevant departments have taken effective measures to rectify and standardize the industry, innovated and improved the relevant management mechanism, accelerated the construction of an industry development pattern with reasonable industrial structure, advanced scientific and technological level, effective resource protection and orderly production and operation, effectively utilized the special value of rare earth as a strategic resource, and the supply of raw ore resources in the upstream of the rare earth industry has shrunk. , people in the domestic arena are waiting for the specific good news of the policy and the national reserve.


Rare earth analysts of the business club expect that in the near future, the intensity of strict environmental protection inspection in China will not be reduced. In addition, the order of rare earth industry will be rectified in China, and the supply of rare earth industry in Jiangxi will be maintained at a low level. However, the downstream demand for rare earth will not improve in the near future, and the import of heavy rare earth will increase. It is expected that some prices in rare earth market will continue to decline.

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Bromine market price is stable this week (10.7-10.11)

I. price data:

According to the data monitoring of the business club’s bulk list, the domestic bromine market is stable and rising this week, and is expected to keep rising in the future. At the beginning of the week, the average price of bromine in China was about 30687 yuan / ton, and at the end of the week, the average price was about 30750 yuan / ton, up 0.2% in the week, down 4.97% compared with the same period last year.

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II. Cause Analysis

Products: after the national day, the operating rate of bromine market in China has rebounded, most of the parking enterprises in North China are in a recovery state, and bromine enterprises in Shandong are operating steadily, with low inventory of manufacturers. As the weather turns cold, it is expected that bromine production in the future will gradually reduce, and the spot market supply will become scarce. At present, the mainstream quotation of the enterprise is about 30500-31000 yuan / ton.

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Industry chain: the upstream industry of bromine is up and down in different ways this week: the sulfur market bottomed out and rebounded, rising continuously in the week, at present at about 626 yuan / ton; the caustic soda market continues to be weak, down 1.18% in the week, at present at about 840 yuan / ton; the soda ash market operates stably in the week, at present, the average price is about 1740 yuan / ton; the downstream demand of sulfuric acid turns better, rising continuously in the week, at present at about 253 yuan / ton. At present, the start-up of downstream bromine flame retardant industry is gradually increasing, and the demand end is stable and rising, which is good for bromine price support; pharmaceutical and agricultural intermediates and other industries are affected by environmental protection to start flat and purchase just needed.

III. future forecast

Bromine industry analysts of business associations believe that the domestic parking enterprises have resumed production in the early stage, and the supply of bromine industry has increased to a certain extent. However, with the cooling of the weather, some seawater bromine enterprises will enter the shutdown period, the spot supply will be tightened, which will support the bromine price well. In the long run, the domestic bromine price shows an upward trend.

Calcium carbide prices in Northwest China fell slightly this week (10.7-10.11)

Price Trend

According to the price monitoring of business associations, the price of calcium carbide manufactured in Northwest China fell slightly this week. This week, the average ex-factory quotation of mainstream carbide manufacturers fell from 2983.33 yuan/ton at the beginning of the week to 2966.67 yuan/ton at the end of the week, a decline of 0.56%, 4.09% compared with the same period last year. Overall, the market of calcium carbide fell slightly this week, with the carbide commodity index of 77.73 on October 11.

II. Trend Analysis

(1) Products:

The price of calcium carbide in Northwest China dropped slightly this week: Ovidiang quoted 2950 yuan/ton this week, the price was stable temporarily; Shaanxi Coal Industry quoted 2800 yuan/ton this week, the price was stable temporarily; Inner Mongolia China Federation quoted 3000 yuan/ton this weekend, compared with the beginning of the week, the price fell 50 yuan/ton; Ningxia Xingping this week quoted 2950 yuan/ton, compared with the beginning of the week, the price is stable temporarily.

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This weekend, the actual transaction price of calcium carbide in Northwest China is about 2800-3000 yuan/ton: the mainstream transaction price of calcium carbide in Shaanxi is about 2800-2900 yuan/ton; the mainstream transaction price of calcium carbide in Ningxia is about 2900 yuan/ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 3000 yuan/ton, and the actual transaction price is mainly negotiated.

(2) Industrial chain:

Upstream raw material market: This week’s coke ex-factory quotation was temporarily stable, at 1716.67 yuan/ton, down 26.68% from the same period last year. Compared with last year, the price of raw materials in the upstream has fallen considerably and the cost support is insufficient, which has a negative impact on the price of calcium carbide.

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Downstream market: PVC ex-factory prices fell slightly this week. The price of PVC fell from 6725.00 yuan/ton at the beginning of the week to 6695.00 yuan/ton at the end of the week, a decline of 0.45%, down 1.69% from the same period last year. Downstream PVC market slightly declined, downstream customers on the procurement of calcium carbide in general, the overall view of this week’s slight decline in PVC market has a negative impact on calcium carbide prices.

3. Future Market Forecast

After the adjustment in September, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Compared with last year, the price of raw materials in the upstream is low and consolidated. Compared with last year, the price has fallen considerably, the cost support is not enough, and the positive impact on the price of calcium carbide is limited. The price of PVC in the downstream has slightly fallen, and the purchase enthusiasm of customers in the downstream is general. Later, the market forecast that the price of calcium carbide in the northwest region will fluctuate and fall in mid-October, and the ex-factory price may be maintained at around 2950 yuan/ton.

Epichlorohydrin continued to run at a high level, rising more than 5% in five days.

I. The price trend of epichlorohydrin:


According to a large number of data from business associations, the market of epichlorohydrin has risen recently. On Tuesday (October 8), the average price of enterprises was 15 500 yuan per ton, on October 12, the average price of enterprises was 16 333.33 yuan per ton, and the five-day increase of epichlorohydrin was 5.38%.

II. Market analysis:

Products: The market of epichlorohydrin has been rising recently. The mainstream quotation of epichlorohydrin was 15 500-16 000 yuan/ton on the 8th, with high offer from the holder and cautious wait-and-see downstream. The price of epichlorohydrin rose on the 10th, with an average price of 16,000 yuan per ton. The mood of market rally remained unchanged, and low-cost supplies were hard to find. Mainstream quotation of epichlorohydrin rose to 16333.33 yuan/ton on November 11, with factory spot tightening, holder’s offer rising, market negotiation focus pushing upward, downstream users digest more inventory and contracts, and are not enthusiastic about new single-track high purchasing, mostly just in need of purchasing. On the 12th, the mainstream price of epichlorohydrin in domestic market ranged from 16,000 to 16,500 yuan per ton.

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Industry chain: In recent days, the market price of propylene in Shandong upstream region (10.8-10.11) rose slightly, with an increase of 0.69%. Early October is the National Day holiday. Due to the policy of limited production, propylene prices remained stable and occasionally declined during the holiday. After the end of the policy, most of the initial prices remained stable. Enterprise prices began to rise on the 10th, and some of them increased on the 11th. Currently, the market turnover is around 7450-7650 yuan/ton, and the mainstream price is 7450 yuan/ton. Up to the 12th, downstream epoxy resin with rising raw materials, the focus of discussion is strong, the spot supply is tight.

Industry: According to the price monitoring of business associations, in the 40th week (10.7-10.11) of 2019, there were 21 commodities rising annually in the chemical sector, of which 5 commodities increased by more than 5% accounted for 6% of the monitored commodities in the sector; the first three commodities were dichloromethane (9.96%), epichlorohydrin (8.89%) and ammonium nitrate (8.66%). There are 41 kinds of commodities with a decline of more than 5%, accounting for 4.8% of the monitored commodities in this sector. The products with the first three declines are crude benzene (-8.41%), cyclohexanone (-8.10%) and hydrochloric acid (-8.00%). Average gains and losses this week were -0.4%.

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3. Future market forecast:

Analysts of business association epichlorohydrin think that the slightly rising market of propylene in the upstream and the strong operation of epoxy resin in the downstream are all good for epichlorohydrin. The supply side is still tight to support the price of epichlorohydrin rising continuously. It is expected that the short-term epichlorohydrin market will go up mainly. The Focus still needs to pay attention to the information guidance of mainstream manufacturers in the upstream and downstream.

Pure benzene rose by more than 9% this month and fell at the end of the month (September 1-September 30, 2019)

Price Trend


According to the data of the business associations’list, the broken line of pure benzene this month is higher than that at the end of the month. On August 30, the listing price of pure benzene was 5200-5300 yuan/ton, and on September 30, the listing price of pure benzene was 5500-5900 yuan/ton. Overall, it rose by 9.14% compared with the end of last month. On the 2nd, 11th and 18th, there was a significant increase, and prices began to fall on the 23rd.

II. Analytical Review

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1. Crude Oil: On September 14, Saudi Arabia’s largest crude oil facility was attacked by unmanned aerial vehicles, resulting in a suspension of more than 5 million barrels/day production capacity. Saudi oil output and exports were greatly affected. International oil prices jumped by more than 10%. Pure benzene rose sharply from 16 to 18 days as international oil prices soared and commodity markets improved. This month, WTI oil prices rose by 1.64% compared with last month, while Brent oil prices rose by 5.75%.

2. Products: At the beginning of the month, due to the lower inventory of pure benzene in East China and the lower market supply, the price of pure benzene has an obvious rise. Affected by the Saudi Arabian incident on the 16th, crude oil and pure benzene external market soared, driving the domestic market of pure benzene upward. This month, the total spot of pure benzene is on the low side, and the port inventory keeps falling, which supports the high price of pure benzene. At the end of the month, the impact of the Saudi Arabian incident subsided, the crude oil outer disk declined, the price gap between domestic and foreign decreased, and the high price support of pure benzene weakened. In addition, near 11, downstream environmental protection inspection, parking restrictions in some factories, pure benzene just needed insufficient, the market fell.

3. Downstream: At the beginning of this month, downstream styrene rose by 7.9%, which supported the price of pure benzene. The aniline Market has been rising all the way this month, with a monthly increase of more than 20%, forming a favorable support.

3. Future Market Forecast

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1. Crude oil: In the latter part, international oil prices will reorganize the volatile range. Saudi Arabia’s resumption of crude oil production, trade war, the situation in the Middle East and the reduction of oil demand are intertwined.

2. Domestic and foreign markets: Likon: The recent blue sky defense battle has strong influence, transportation constraints hinder the recovery of pure benzene market. And near eleven pure benzene just needs to be reduced. Advantages: Port stocks in East China are declining and imports of pure benzene are on the low side.

Considering comprehensively, it is expected that pure benzene market or stalemate operation will dominate after the festival.