According to the data monitored by the business community, the prices of industrial grade and battery grade lithium carbonate in November showed a trend of rising and falling. In the first ten days of November, the price of lithium carbonate still rose, and the price also kept breaking new historical highs. In the middle of November, the price stopped rising and fell, and the downward trend continued until the end of the month. As of November 30, the average domestic mixed price of industrial lithium carbonate was 571,000 yuan/ton, 1.24% higher than the average price of 564,000 yuan/ton on November 1. On November 30, the average domestic mixed price of battery grade lithium carbonate was 587000 yuan/ton, up 0.69% compared with the average price of 583000 yuan/ton on November 1.

Market supply

According to the observation of market changes, the products of major lithium carbonate manufacturers in November were basically delivered through long-term cooperation, and the spot market status gradually changed from tense to slightly loose. In the early stage, the shortage of supply was mainly due to the continuous recurrence of epidemics in various parts of the country and the frequent occurrence of market transport control information, which had an impact on the market transport volume. Subsequently, the market heard that the battery plant planned to reduce production, which would reduce the purchase of lithium salt. The lithium carbonate market was pessimistic. In the early stage, there was also a large volume of lithium carbonate stocking enterprises, while the large quantities of imported lithium carbonate from South America arrived in Hong Kong, making the market supply gap timely supplemented. However, in winter, the temperature gradually decreases, and salt lake enterprises in Qinghai begin to reduce production, which may play a supporting role in the price of lithium carbonate.

Demand side

The market is expected to perform well in the first ten days of November, and the operating rate of downstream enterprises is high. As the prosperity of new energy vehicles continues to rise, there is still demand for production scheduling of downstream ternary high nickel cathode material plants. With the continuous control of epidemic situation, downstream enterprises are still actively preparing goods to ensure normal production. Starting from the middle and late November, the terminal market rush to install came to an end, and the demand for the power end market weakened and the heat gradually decreased. The output of downstream cathode material plants and lithium iron enterprises has declined, which has also driven the overall demand for lithium carbonate to weaken. The market procurement is in a state of rigid demand, and the mood is still mainly wait-and-see.

Upstream raw materials

On November 16, Pilbara Minerals conducted a new round of lithium concentrate auction, with the bidding price of about 7804 US dollars/ton, up by 549 US dollars/ton, or 7.6%, compared with the transaction price of Pilbara on October 24, 2022. The ore volume of this auction is 5000 tons, and the concentrate grade is 5.5%. The cost price of 1 ton of LCE is about 580000 yuan/ton. This batch of ores is expected to be delivered in the middle of December. Considering the logistics cycle, the products will enter the market in January and February. The auction price hit a new historical high, which indirectly reflects the fierce competition for resources at the raw material end in the short term.

The downstream lithium hydroxide market price rose. The upstream spodumene and lithium carbonate prices were high this month. The cost was supported by the lithium hydroxide price, but the market was cautious. In terms of supply and demand, in the first half of the month, enterprises mainly delivered long orders, and the market was short of spot supplies. Downstream enterprises increased production scheduling, and the focus of market negotiations moved up. In the second half of the month, the normal production of enterprises was dominant, the demand side was average, the spot transactions on the market were just needed, and the focus of negotiation was stable.

The price of downstream lithium iron phosphate is stable and rising. The downstream of lithium iron phosphate market is just in need of procurement. The operating rate is stable, and the procurement atmosphere is general. The overall market remains stable and strong. The manufacturer’s supply is only for old customers, mainly for contract customers. The overall market negotiation atmosphere is fair. Subsequently, lithium salt was withdrawn slightly, and the cost of lithium iron phosphate decreased slightly, but the quotation was generally stable.

According to the lithium carbonate analysts of the business community, the peak demand period of the lithium carbonate market has passed, the market’s willingness to receive goods is relatively conservative, the traders’ quotations are loose and downward, and the market sentiment may be pessimistic. However, supported by the weakening of winter output and the high auction price of lithium ore end, lithium carbonate price is expected to remain high in the short term.

According to the bulk list data of the business community, as of November 29, the average price quoted by epichlorohydrin enterprises was 8966.67 yuan/ton, down 6.27% from November 1.

The market price of epichlorohydrin fell in November. At the beginning of the month, the cost of epichlorohydrin was limited, and some devices at the supply side were in a shutdown state, but the demand was weak, the market supply was sufficient, the inventory was under pressure, and the price focus was weak. The supply side devices had little change in the middle and late days, and the downstream staged replenishment. The market transaction atmosphere was improved, the inventory pressure was relieved, and the enterprise’s quotation was tentatively increased. However, with the downstream replenishment, the market atmosphere became weak, and the market was weak and the game was sorted out, Near the end of the month, the cost of epichlorohydrin has a certain support. A large factory has reduced the load, supporting the market price mentality, and the price has risen.

In terms of upstream and downstream, the domestic propylene (Shandong) market performed generally in November, rising first and then operating in a narrow range. On November 28, the reference price of propylene was 7436.60, up 5.68% compared with November 1 (7036.60). The reference price of downstream epoxy resin was 16466.67 on November 28, down 10.67% compared with November 1 (18433.33).

According to the epichlorohydrin analysts of the business community, the current cost impact is not significant, and the market is pushing up the atmosphere, but the demand side follows the general trend. It is expected that the epichlorohydrin market will be strong in a short time, and more attention should be paid to the market news guidance.

1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic ammonium sulfate was 1504 yuan/ton on November 1, and 1450 yuan/ton on November 28. The price of ammonium sulfate fell 3.55% this month.

2、 Market analysis

According to the weekly rise and fall chart from September 5, 2022 to November 27, 2022, ammonium sulfate has seen a lot of ups and downs since November. The maximum increase was 1.16% in the week of November 21, and the maximum decrease was -3.32% in the week of November 7.

Ammonium sulfate prices fell first and then rose this month. In the first ten days of November, the market of ammonium sulfate fluctuated downward. The market demand for ammonium sulfate is low, and the number of transactions is low. Downstream procurement is mainly based on demand, and the industry operates cautiously. The export demand is weak and the overall performance is poor. The bidding price of coking ammonium sulfate was generally lowered, and the price of domestic ammonium sulfate also continued to decline. In late November, the ammonium sulfate market started to rise steadily. The operating rate of downstream compound fertilizer enterprises has increased, the demand for winter storage procurement has increased, the on-site turnover is fair, and the export demand follows. The operating rate of coking plant and caprolactam plant decreased slightly, and the supply of ammonium sulfate in the plant decreased. As of November 28, the main factory quotation of coking grade ammonium sulfate in Shandong was about 1415 yuan/ton, and that in Hebei was about 1420 yuan/ton. Domestic ammonium sulfate, the factory quotation in Shandong is 1390-1540 yuan/ton.

The downstream compound fertilizer market has improved this month, with compound fertilizer enterprises starting at a low level. In the first ten days of November, the compound fertilizer market was mainly waiting for consolidation and operation. The winter storage market is progressing slowly, the demand for raw materials is not good, and the turnover in the compound fertilizer field is light. Since the middle of November, supported by raw materials, the domestic compound fertilizer market has been running well, and the winter storage market has steadily followed up. The raw materials continue to grow, the pressure on the cost of compound fertilizer increases, and the manufacturers mainly pay high prices. At present, there is a strong bullish atmosphere in the downstream compound fertilizer market, and most enterprises begin to stop quoting.

3、 Future market forecast

Ammonium sulfate analysts from the business community believe that at present, the domestic market demand for ammonium sulfate is stable, the market trading is fair, and the export demand is weak. The price of coking grade ammonium sulfate in various regions in China rose and fell mutually, and the supply of domestic grade ammonium sulfate was still low. The recent rise in urea prices has provided some support for the ammonium sulfate market. It is expected that in the short term, the market of ammonium sulfate will be dominated by narrow amplitude shocks.

According to the bulk list data of business cooperatives, as of November 25, the average price quoted by 85% domestic industrial formic acid enterprises was 3033.33 yuan/ton, which was flat compared with the price on Monday.

The domestic industrial grade 85% formic acid market price was stable this week. Recently, the price of raw material sulfuric acid has fallen, the price of raw material methanol has risen slightly, and the cost impact is limited. The downstream of the main domestic force just needs to follow up steadily, the export order is fair, the market transaction is orderly, and the focus of formic acid negotiation is stable.

Upstream product: upstream sulfuric acid. On November 25, the reference price of sulfuric acid was 321.67, a decrease of 22.3% compared with November 1 (414.00); On November 25, the reference price of upstream methanol was 2811.67, which was 0.86% lower than that on November 1 (2836.00).

The formic acid analysts of the business community believe that the current cost support is average, while the supply and demand support the market. The domestic industrial grade 85% formic acid market may operate at a high level in a short time. More attention should be paid to the market news guidance.

According to the data monitoring of the business community, as of November 24, the reference average price of 30% grade phosphate rock in China was around 1056 yuan/ton. On November 1 (the reference price of phosphate rock was 1054 yuan/ton), the price increased by 2 yuan/ton, or 0.16%.

It can be seen from the data monitoring chart of the business community that since November (11.1-11.24), the domestic phosphorus ore market has been operating steadily as a whole, the supply of medium and high-end grade phosphorus ores in the site has been tight, the mining enterprises in some regions have stopped working, the large mining enterprises are still mainly for their own use, the export ores are few, the spot circulation of phosphorus ores in the site is small, and the supply side continues to provide market support.

In the middle of November, sporadic mining enterprises in Sichuan Province raised the price of phosphate rock slightly by about 10-20 yuan/ton, and most phosphate rock markets in other regions continued to operate stably. As of November 24, the market price of 30% grade phosphorus ore in China is around 1030-1080 yuan/ton,. There is also a gap between the price and the original ore specification, powder to lump ratio and other factors, and the details need to be negotiated.

Forecast and analysis of phosphate rock future market trend

At present, the phosphate fertilizer market at the downstream terminal of phosphate rock has warmed up compared with the previous period, which will provide a certain psychological support for phosphate rock from the bottom to the bottom. In addition, the supply side will continue to support. The phosphate rock datagrapher of the business community believes that in the short term, the domestic phosphate rock market will mainly continue to operate at a high level.

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.