According to the monitoring of the business society, the price index of the domestic rare earth market rose, some prices of the domestic praseodymium neodymium rare earth market rose, and the price of the heavy rare earth market rose. According to the rare earth sector index of the business society, the rare earth index was 587 points on September 12, the same as yesterday, down 41.30% from the highest point of 1000 points in the cycle (December 6, 2011), It is 116.61% higher than the lowest point of 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

It can be clearly seen from the rare earth index chart that the prices of rare earth in China have risen recently, the prices of mainstream commodities in the rare earth market have risen recently, and the rare earth market has risen. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic praseodymium neodymium oxide, praseodymium oxide and neodymium oxide is rising, and the price trend of metal neodymium, metal praseodymium neodymium and metal praseodymium is temporarily stable. As of September 13, the price of neodymium oxide in domestic rare earth is 622500 yuan / ton, with a price increase of 2.22% this week; The price of praseodymium oxide is 640000 yuan / ton, with a price increase of 2.4% this week; The price of praseodymium neodymium oxide is 602500 yuan / ton, with a rise of 0.84% this week; The price of praseodymium neodymium alloy is 740000 yuan / ton, which is flat this week; The price of metal praseodymium is 815000 yuan / ton, and the price trend is stable this week; The price of neodymium was 765000 yuan / ton. The price trend was stable this week, some prices rose, and the light rare earth market recovered.

The trend of products in the domestic rare earth market is rising, the structural change of supply and demand is small, and the demand for high-end magnetic materials is normal. In the near future, China’s rare earth quota on the supply side may be steadily increased, and the supply rigidity is optimized. In addition, with the implementation of the new energy efficiency standards, the proportion of frequency conversion air conditioners for domestic household appliances, the penetration rate of Nd-Fe-B continues to increase, and the demand side is relatively normal. The sales of new energy vehicles are normal, the demand for rare earth is at a high level, and the price of rare earth oxide is rising. When there is no lock order, the rare earth metal factory mainly focuses on waiting and watching, and the procurement is more cautious. The main rare earth raw materials of high-performance Nd-Fe-B are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to statistics, the sales of new energy vehicles are OK. According to the data released by China Automobile Industry Association, China Automobile Industry Association (hereinafter referred to as “China Automobile Association”) released the latest production and sales data. In August, 307000 new energy passenger vehicles were sold in China, with a month on month increase of 19.8% and a year-on-year increase of 193%. The cumulative sales from January to August were 1.704 million. Recently, the downstream demand is OK, and the market price of light rare earths has increased slightly.

It can be seen from the trend chart that the price trend of dysprosium Series in China has increased. As of the 13th, the price of dysprosium oxide was 2.6 million yuan / ton, and the price trend this week increased by 1.17%; The price of dysprosium ferroalloy is 2.59 million yuan / ton, the price trend is up 1.97%, the price of metal dysprosium is 3.37 million yuan / ton, and the price is up 1.51% this week. The price of domestic terbium is the president of doctor mountain, the price of domestic terbium oxide is 8.25 million yuan / ton, and the price of metal terbium is 10.4 million yuan / ton. The transaction in the domestic rare earth market is normal, and the leading magnetic material factory purchases actively, which makes the domestic heavy rare earth market price rise slightly. Recently, the political situation in Myanmar is turbulent, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the domestic heavy rare earth market products, the domestic supply is tight, and the risk of production reduction of separation enterprises using Myanmar mines in the south is increased. Affected by this, the domestic heavy rare earth market price rises.

The recent notice on carrying out industrial energy conservation supervision in 2021 emphasizes the comprehensive sorting and investigation of enterprises in key industries such as iron and steel, nonferrous metal smelting, petrochemical industry and building materials, and the special supervision on the implementation of mandatory energy consumption quota standards per unit product, so as to finally realize the full coverage of energy conservation supervision of enterprises in key industries during the 14th Five Year Plan period. In addition, Wang Jiangping, Vice Minister of industry and information technology, said at the video conference on industrial policies and regulations of industry and information system last week that efforts should be made to optimize the development environment of industrial enterprises, accelerate the legislation of telecommunications law, and promote the promulgation of rare earth regulations as soon as possible. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products is OK, the downstream demand is normal recently, and the price of domestic rare earth market has warmed up.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply has started normally, the on-site transactions have increased recently, and the goods are actively prepared. Chen Ling, an analyst of business society, predicts that the market price of rare earth may rise in the later stage.

Price trend of domestic sodium pyrosulfite

According to the monitoring of business society, the price of domestic sodium pyrosulfite continued to rise this week. The average price of industrial grade sodium pyrosulfite was 2450.00 yuan / ton at the beginning of the week and 2600.00 yuan / ton at the end of the week, an increase of 6.12% during the week.

In September, the high price of domestic soda ash sulfur continued to rise, and the raw material cost continued to rise. Supported by the cost, manufacturers successively raised the ex factory price in early September, driving the domestic sodium pyrosulfite market price to continue to rise. This week, the domestic market price range of industrial sodium pyrosulfite is 2500-2800 yuan / ton, and most prices are concentrated near 2600-2700 yuan / ton. The inventory of the enterprise continues to be low, the overall supply of sodium pyrosulfite market is tight, and the enterprise mainly completes the orders of old customers. (the above prices refer to the external quotations of domestic mainstream enterprises, and some unreported enterprises are not within their scope temporarily. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. Please contact each manufacturer for details).

In August, the price of domestic soda ash and sulfur continued to rise sharply, with soda ash rising by 8.19% and sulfur rising by 16.6%. In September, the price of domestic soda ash continued to rise. As of September 10, the price of soda ash rose again by 2.16%, the price of sulfur rose by 1.56%, and the high raw material cost continued to rise. The cost will further support the market price of sodium pyrosulfite in the future.

Business analysts believe that under the dual positive support of cost and demand, it is expected that the domestic sodium pyrosulfite market price will continue to be strong in the short term.

With the end of the off-season and the beginning of September, the main actor in the domestic propane Market, Shandong propane market increased slightly one after another, and the average price returned to above 5000 yuan / ton. According to the data monitoring of business agency, the average price of propane in Shandong market was 4980.75 yuan / ton on August 31 and 5015.75 yuan / ton on September 3, with an increase of 0.70% during the period, an increase of 5.63% compared with August 1.

As of September 3, the mainstream prices of propane in different regions in China are as follows:

region Specifications September 3rd

East China Propane,% (V / V) not less than 95 4850-4950 yuan / ton

North China Propane,% (V / V) not less than 95 5000-5080 yuan / ton

Shandong region Propane,% (V / V) not less than 95 4950-5100 yuan / ton

South China Propane,% (V / V) not less than 95 4910-5000 yuan / ton

Central China Propane,% (V / V) not less than 95 5100-5330 yuan / ton

In September, the domestic propane market was dominant as a whole. Although the propane Market in Shandong increased, the range was limited. In September, when CP prices were introduced, both propylene and butane rose, bringing support to the market, and the international crude oil market fluctuated higher. The news was good for the market mentality. At present, most refinery inventories are at a low level, the mentality is strong, and the price is actively increased. However, as the off-season has just passed, the improvement of terminal demand in Shandong market is not obvious. The downstream has limited ability to accept high prices, cautious attitude and general enthusiasm to enter the market, which has brought some restraint to the rising market.

Saudi Aramco announced in September that both propylene and butane rose. Propane was 665 USD / T, an increase of 5 USD / t over the previous month; Butane is 665 USD / T, an increase of 10 USD / T compared with the previous month.

On the whole, the current international crude oil has increased significantly, and the increase in import costs has brought obvious support to the market. The manufacturers have a strong mentality under the control of inventory, and the price has increased. However, the current terminal demand has not increased significantly, and the downstream market entry enthusiasm is general, which has restrained the rising market. It is expected that the propane market will rise slightly in the short term. Specifically, we still need to pay attention to the changes of international crude oil.

On September 3, the hydrobenzene commodity index was 84.55, the same as yesterday, down 17.12% from the highest point of 102.01 in the cycle (2014-01-09), and up 181.93% from the lowest point of 29.99 on April 7, 2020（ Note: the period refers to the period from December 1, 2013 to now).

Price rise and fall of main domestic hydrogenated benzene market from August 27 to September 3 (unit: yuan / ton)

Regional prices, August 27, September 3, weekly rise and fall

East China, 7550., 7850., + 300

Shandong Province, 7425., 7650., + 225

This week (August 27 to September 3), the market price of hydrogenated benzene in Shandong increased, which was 7425 yuan / ton last weekend and 7650 yuan / ton this weekend, flat.

Summary of price adjustment of Sinopec pure benzene in 2021 (unit: yuan / ton)

Date., adjusted price., adjusted amount

August 2, 7900. – 250

August 4, 7700. – 200

August 9, 7550. – 150

September 2, 7650., + 100

On September 2, 2021, Sinopec raised the listing price of pure benzene by 100 yuan / ton. At present, it is 7650 yuan / ton, of which Qilu Petrochemical is 7600 yuan / ton.

This week, the fundamentals were favorable, crude oil rose, the price of pure benzene rose, and some downstream units were restarted, so there was a certain demand for pure benzene. A series of factors such as the recovery of market trading at the end of the month supported the recovery of pure benzene price. Affected by the increase of cost pressure, some enterprises shut down or reduced the operating rate, and the supply decreased slightly compared with the previous period, which also supported the price. On the whole, the slightly tight supply led to the positive recovery of the market. Affected by the tight supply of downstream crude benzene, the bidding price rose back to 6330 yuan / ton this week. The cost pressure of benzene hydrogenation enterprises is large, and the commencement is limited at present.

In the future, the business community believes that the fundamentals of pure benzene are well supported, and the downstream demand has picked up to a certain extent. However, at present, the cost pressure of hydrogenated benzene is large, and the start-up of enterprises is reduced. It is expected that the market trend of hydrogenated benzene is mainly volatile, and the upward power is limited.

1、 Price trend

According to the bulk data list of business society, the average price of domestic hips on September 3 was 12133.33 yuan / ton, down 67 yuan from 12200 at the beginning of the week, down 0.55% during the week and 2.15% month on month.

2、 Market analysis

The hiips market fell slightly this week, but the range was small, less than 1%. The benzene penetration market was relatively stable. Recently, the raw material styrene fluctuated and rose, but the demand dragged down the price, the shipment of hips enterprises was under pressure, the price decreased steadily, and the transaction atmosphere was relatively flat. With the maintenance plan of Ningbo Ineos benzene, there are certain advantages on the supply side, and the hips market may pick up. Up to now, the mainstream price of hips is mostly about 11700-14800 yuan / ton, and the price of benzene is mostly about 10500-11000 yuan / ton. The overall market situation is weak and stable.

In the international crude oil market, on September 3, the international oil price closed lower. The settlement price of the main contract in the U.S. WTI crude oil futures market was US $69.29/barrel, down US $0.70 or 1.0%, and the settlement price of the main contract in Brent crude oil futures market was US $72.61/barrel, down US $0.42 or 0.58. At the macro level, it was mainly because the employment data previously released by the United States was weaker than expected and generally worried about the prospect of economic recovery. However, the hurricane led to the reduction of oil production in the Gulf of Mexico, which provided support and limited the decline of oil prices.

In terms of raw materials, on September 3, the reference price of styrene was 8887.50, an increase of 1.14% compared with September 1 (8787.50). Styrene maintenance devices will be restarted one after another, the port will accumulate warehouses, and there will be device maintenance in the downstream in early September. It is just necessary to have a weakening expectation. There is little change in the fundamentals of styrene. It is expected that styrene will still follow the rise and fall of crude oil, fluctuate in the range, and mainly wait and see. Styrene is expected to remain volatile in the short term.

3、 Future forecast

The business agency believes that at present, the price of raw materials fluctuates obviously, but the demand is dragged down. It is expected that the hips market will be in a stalemate in the short term, and the price will fluctuate slightly.

1、 Price trend

According to the bulk list data of business society, the domestic propylene (Shandong) market price was under pressure this week. At the beginning of the week, the market was 7775 yuan / ton, and the weekend average price was 7617 yuan / ton, down 2.04%.

2、 Analysis and review

According to the price chart of business society, at the beginning of September, the propylene market was not as expected. At present, the mainstream price of propylene in Shandong market is 7600-7620 yuan / ton. Due to the lack of gas in the downstream, propylene enterprises have increased the pressure to sell goods and give up profits. Overseas, hurricane IDA hit the Americas, which is expected to affect the propylene production capacity of 3.35 million tons (accounting for 15% of the United States). Some Asian goods flow to the Americas, easing the pressure of supply and demand in Asia.

As of the closing on September 2: in October, WTI rose 1.40 to USD 69.99/barrel, or 2%; Brent rose 1.44 to $73.03 a barrel in November, up 2%. Sc2110 fell 1.4 yuan / barrel to 438.9 yuan / barrel. Crude oil fluctuated upward this week, with an increase of 1.82% during the week.

Polypropylene was under pressure this week, the market was in a stalemate, and the terminal demand support was insufficient, with a decrease of 0.2% during the week.

Acrylic acid continued to decline this week, with light demand performance, low enthusiasm for downstream market entry, more cautious wait-and-see, and the focus of market negotiation decreased, with a decrease of 3.28% during the week.

This week, the price of isopropanol fell due to the reduction of raw material cost, with a decrease of 4.37% during the week.

Judging from the rise and fall of this week, propylene is greatly affected by the demand for downstream products. Due to poor demand, enterprises are willing to give up profits and take away goods.

3、 Future forecast

Propylene analysts from the chemical branch of business society believe that crude oil is weak and volatile, and the demand side needs to be improved. It is expected that the propylene market will be weak and volatile in the near future.

According to the monitoring data of business society, as of August 31, the average ex factory price of domestic industrial dimethyl carbonate was 8433 yuan / ton. Compared with the price on August 1, 2021 (the reference price was 8233 yuan / ton), the average price increased by 200 yuan / ton, or 2.43%.

In the first half of August, supply and demand supported the growth of dimethyl carbonate by nearly 30%

In early August, the mainstream factories of dimethyl carbonate in Shandong and Anhui were shut down for maintenance. The supply of dimethyl carbonate was tight, the inventory was low, the supply was reduced, the spot shortage stimulated, and the purchasing sentiment of downstream factories of dimethyl carbonate was positive. With the two-way support of supply and demand, the domestic dimethyl carbonate market began to rise rapidly since the beginning of the month. On August 5, The average price of domestic dimethyl carbonate rose to 10333 yuan / ton, an increase of more than 25% in only four days compared with the beginning of the month. Subsequently, the market continued to explore slightly. On August 15, the average price of domestic dimethyl carbonate rose to 10667 yuan / ton, and the high-end quotation rose to 11200 yuan / ton, an increase of nearly 30% in half a month.

It is difficult to maintain the high level, and the price of dimethyl carbonate basically fell back to the beginning of the month in case of a rapid decline in the latter half of the year

In late August, dimethyl carbonate units in East China and Zhejiang Province resumed operation one after another. The supply of dimethyl carbonate in the site increased and the output increased. In addition, under the cost pressure of recent high price of dimethyl carbonate, the downstream had reduced procurement enthusiasm, general demand and insufficient favorable support. From the 16th, the ex factory price of dimethyl carbonate began to decline, The single day reduction range is around 200-300 yuan / ton, and the market starts a weak operation. On the 23rd, the domestic price of dimethyl carbonate plunged sharply, with a one-day decline of 800-1000 yuan / ton. In the following two days, the market continued to fall deeply. On the 26th, the factory reference price of dimethyl carbonate in Shandong was near 8100-8500 yuan / ton (apron), which was basically the same as that at the beginning of the month.

On the 27th, due to the parking of dimethyl carbonate equipment in Shaanxi, the supply in the yard was relatively reduced. In addition, the price of propylene oxide, the raw material, was supported by a slight upward trend recently. The market price of dimethyl carbonate increased slightly, with a range of 100-300 yuan / ton. As of August 31, the average export price of dimethyl carbonate in China was 8433 yuan / ton, which was 200 yuan / ton higher than that at the beginning of the month, an increase of 2.43%. At present, the downstream demand continues to focus on just need procurement, and the trading atmosphere on the site is general.

In terms of upstream propylene oxide, the propylene oxide market first rose and then stabilized in the first half of August, with a half month increase of 4.45%. At the beginning of the month, the mainstream quotation of propylene oxide Market in Shandong was around 16300-16400 yuan / ton, the factory inventory decreased, the burden of some Po units decreased, the supply side was slightly tight, the supply side supported the manufacturers’ mentality of supporting the market, the middle and lower reaches were cautious and active in preparing goods, the enterprise quotation increased, the market trading rhythm slowed down, the price operated stably under the supply-demand game, mainly waiting and sorting, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 16500-16600 yuan / ton. With the improvement of downstream polyether orders, propylene oxide manufacturers had no pressure, the market transaction was active, the price rose slightly, the market digested and sorted again, and the price operated stably. In the second half of August, the market focus of propylene oxide continued to decline, and the market stabilized after a slight rebound at the end of the month. On the 16th, the mainstream quotation of propylene oxide Market in Shandong was around 16700-16800 yuan / ton. The factory inventory pressure was controllable, which supported the manufacturers’ strong market mentality. However, the downstream follow-up was general, and the market was temporarily consolidated. With the continuous downturn of new downstream polyether orders, the purchase price of propylene oxide was reduced, the supply-demand game weakened, the market was lowered, and the enterprises delivered goods at a profit in late August, Downstream just needed orders began to release. With the smooth decline of the market, the price stopped falling and increased slightly after stabilizing. Near the end of the month, the market was temporarily stable and waiting. In August, the propylene oxide market rose first and then fell. Near the end of the month, the market stopped falling and stabilized after a slight rebound. The overall trend fell slightly in August. According to the monitoring data of business society, as of August 31, the average price of propylene oxide enterprises was 16033.33 yuan / ton, down 1.64% compared with August 1 (the reference price of propylene oxide was 16300 yuan / ton).

In terms of upstream dimethyl ether, the domestic dimethyl ether market fluctuated frequently in August, and the overall trend showed a shock rise. At the end of the month, the factory quotation of dimethyl ether in Hebei rose to more than 3500 yuan / ton, which was higher than that in the same period last year. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 3512.50 yuan / ton on August 1 and 3552.50 yuan / ton on August 30. The overall increase in August was 1.14%, with the largest amplitude of 2.08%, an increase of 60.99% compared with the same period last year. On the whole, the domestic dimethyl ether Market showed an up-down-up trend in August. At the beginning of August, due to the maintenance plan released by Henan xinlianxin, the market supply was expected to decrease, which boosted the mentality of the industry. The continuous rise in the civil price of liquefied gas also brought some support to the market. The main production area Henan increased slightly, and Shandong and Hebei increased slightly. However, due to the limited market benefits, the rise did not continue. Subsequently, the dimethyl ether Market was restrained by weak terminal demand and ushered in a downward trend. Until the middle of the month, there were many positive factors, and dimethyl ether returned to the upward trend. The methanol market rose strongly, and the increase of raw materials brought obvious support to the dimethyl ether Market. Moreover, the overall rise in international crude oil prices led to the rise of liquefied gas civil market. Most of the inventories of Henan manufacturers were at a controllable level, with a strong mentality. The prices rose one after another, and the rise continued until the end of the month. At present, most domestic dimethyl ether prices have risen above 3500 yuan / ton.

Future trend analysis

At present, the positive performance of the domestic dimethyl carbonate market is still insufficient, and the downstream demand has not improved significantly. Therefore, the dimethyl carbonate analysts of business society believe that in the short term, most of the dimethyl carbonate Market in China has been weak and mainly adjusted in a narrow range.

In August, the domestic butadiene market continued to decline. Although the external market was high at the beginning of the month, it still did not stop the decline of butadiene market. At the end of the month, the external market also began to decline, which could not be supported. In addition, major production enterprises lowered their quotations for many times, and butadiene ended miserably in August.

According to the sample data monitored by the business society, the domestic butadiene market price was 11312 yuan / ton at the beginning of the month and 10565 yuan / ton at the end of the month, with a decrease of 6.60% and a year-on-year increase of 96.11%.

In August, with the launch of new production capacity and the planned restart of some units, the supply side of the domestic butadiene market was widened to a certain extent. Some northeast enterprises recently resumed competitive sales, and the social supply of goods increased significantly. In addition, the start-up of synthetic rubber industry has decreased and the cost side is under pressure, which affects the supply and demand fundamentals of butadiene and is difficult to find a significant positive boost. However, the recent strong upward performance of the external market may support the downward space of the butadiene market. Although the external price performance was strong, due to the typhoon, the shipment of some domestic export sources was delayed, and there were many short-term shutdown of downstream devices, and the market demand performance was weak. The short-term market expectation is short. With the weakening of downstream inquiry intention, the focus of spot price continues to decline.

In terms of enterprises, the butadiene supply price of Sinopec’s sales companies has been reduced by 1400 yuan / ton month on month, and 10600 yuan / ton has been implemented as of August 31; The 120000 T / a butadiene unit of Liaotong chemical industry has been shut down for maintenance since July 14, 2021, and it is planned to restart around August 28; The 100000 t / a butadiene oxidative dehydrogenation unit of Jiangsu Sibang Petrochemical was restarted. The ethylene unit of Gulei Petrochemical was successfully started this week, and its 130000 T / a butadiene unit is expected to be put into operation around August 20; The 140000 T / a butadiene unit of Shandong Luqing Petrochemical was put into operation on August 19; The 135000 T / a butadiene unit of Lanzhou Petrochemical stopped for maintenance on August 13.

External: as of August 30, the external price of butadiene in Asia was stable: FOB Korea closed at USD 1625-1635 / ton; CFR China closed at US $1495-1505 / ton. The external price of butadiene in Europe is stable: FOB Rotterdam closes at US $2025-2035 / ton; FD northwest Europe closed at 1615-1625 euros / ton.

region ., Country, closing price, up and down

Asia FOB Korea USD 1625-1635 / ton USD 0 / ton

Asia CFR China 1495-1505 USD / ton USD 0 / ton

Europe FOB Rotterdam USD 2025-2035 / T USD 0 / ton

Europe FD northwest Europe 1615-1625 euros / ton 0 euro / ton

According to the price monitoring of the business community, in the list of commodity prices in August 2021, there were 59 kinds of commodities rising month on month in the chemical sector, including 29 kinds of commodities rising by more than 5%, accounting for 29.6% of the monitored commodities in the sector; The top three commodities were formic acid (48.35%), lithium carbonate (30.45%) and hydrochloric acid (29.41%). A total of 34 kinds of commodities decreased month on month, and 13 kinds of commodities decreased by more than 5%, accounting for 13.3% of the monitored commodities in this sector; The products with the first three declines were liquid ammonia (- 21.16%), chloroform (- 16.00%) and urea (- 13.43%). The average rise and fall this month was 3.39%.

Under the pressure of terminal demand, the domestic butadiene market continued to be depressed. Butadiene analysts of business society predict that the domestic butadiene market will be dominated by low-level consolidation in the short term.