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

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

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

Date., Adjusted Price., Adjusted Amount

November 2., 7200., – 250,

November 4., 7000., – 200

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

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

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

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

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

The domestic cobalt price rebounded slightly

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

MB Cobalt Price

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

Overview and prospect

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

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

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

Prediction of the future market trend of n-propanol

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

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

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

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

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

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

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

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

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

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

Region, country, closing price, up and down

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

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

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

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

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

According to the monitoring data of the business community, the price of steam coal was weak this week. On November 6, the energy index was 1159 points, unchanged from yesterday, 25.75% lower than the highest point 1561 points (2021-10-21) in the cycle, and 126.81% higher than the lowest point 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, the price of steam coal is weak, and its operation is affected by public health events and safety production reduction, so the price of steam coal drops slightly. Affected by public health events, prices in some areas of Shanxi have risen and fallen at the same time. At present, there are few long-distance coal hauling vehicles, and the market is mainly wait-and-see.

In terms of downstream ports, traders’ quotations are weak, and they mainly take a wait-and-see attitude. In addition, the shipment volume of Daqin Line is still limited due to maintenance. Downstream customers are generally motivated to pick up goods, with few deals, and generally accept high prices. Prices are under pressure.

According to the data released by the National Bureau of Statistics on November 4, the trend of national coal prices in late October was divided. The specific price changes of various coals are as follows: the price of anthracite (washed block, volatile matter ≤ 8%) is 1937.1 yuan/ton, down 3.6 yuan/ton from the previous period, or 0.2%. The price of ordinary blended coal (the blended coal of Shanxi pulverized coal and lump coal, with calorific value of 4500 kcal) is 1183.8 yuan/ton, up 36.7 yuan/ton or 3.2% compared with the previous period. The price of Shanxi Dahun (blended coal with good quality and calorific value of 5000 kcal) was 1378.0 yuan/ton, up 35.9 yuan/ton or 2.7% compared with the previous period. The price of Shanxi Youhun (a high-quality blended coal with a calorific value of 5500 kcal) was 1583.8 yuan/ton, up 38.8 yuan/ton or 2.5% from the previous period.

According to the analysts of the business community, the market transaction of steam coal in the origin area is relatively ordinary due to the impact of safety inspection and public health events. In terms of downstream ports, the downstream is still mainly wait-and-see for steam coal, generally accepting high prices, and the market is deadlocked. It is comprehensively predicted that the price of steam coal will be dominated by weak operation, depending on the downstream market demand.

1、 Price trend

As can be seen from the figure above, the domestic market of imported potassium chloride fell slightly this week, with the price falling from 3900.00 yuan/ton at the weekend to 3766.67 yuan/ton at the weekend, a decline of 3.42%. The arrival price of potassium chloride in domestic salt lakes this week is 3660-3880 yuan/ton. On November 6, the potassium chloride (import) commodity index was 99.12, unchanged from yesterday, 31.52% lower than the cycle’s highest point of 144.74 (2022-06-21), and 2.49% higher than the lowest point of 96.71 on September 16, 2021. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of domestic mainstream potassium chloride manufacturers fell slightly this week.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this week, from 9250.00 yuan/ton at the end of last week to 9237.50 yuan/ton at the end of this week, a decline of 0.14%, up 14.75% year on year. The factory price of potassium nitrate fell slightly this week, from 6162.50 yuan/ton at the end of last week to 6075.00 yuan/ton at the end of this week, a drop of 1.42%, 4.29% higher than the same period last year. On the whole, the downstream market of potassium chloride fell slightly, and downstream customers’ demand for potassium chloride weakened.

3、 Future market forecast

The overall trend of potassium chloride market in the middle and late November may be dominated by narrow shocks. The price of potassium chloride in Salt Lake and Zangger was adjusted at a low level. The downstream market of potassium chloride fell slightly, and the downstream demand was weakened, mainly for the purchase of steel. International potash fertilizer prices fell slightly. Potassium chloride analysts from the business community believe that the domestic potassium chloride import price may fall slightly in the short term.

Price trend of domestic sodium metabisulfite

According to the monitoring of the business community, the price of domestic sodium metabisulfite continued to fall this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2533.33 yuan/ton, and the average price at the weekend was 2466.67 yuan/ton, down 2.63% during the week.

The overall situation of sodium metabisulfite market this week was average. Influenced by the continuous weak cost, some enterprises lowered the factory price slightly again in November. The market price range of industrial grade sodium metabisulfite was 2400-2500 yuan/ton. The inventory of enterprises was about 30%. The increase of new orders was limited. Enterprises mainly completed orders from old customers.

In October, the price of domestic soda ash fell by 0.75%, the price of sulfur fell by 11.88%, and the cost of raw materials fell again, which will suppress the market price of sodium metabisulfite in the future.

Future market forecast

According to the analysts of the business community, the cost is falling again, and the downstream has a strong wait-and-see attitude. In the short term, the domestic sodium metabisulfite market price is under pressure.

In October, the fundamentals of ammonium chloride market continued to be weak, and the price of ammonium chloride fell slightly. According to the data monitoring of the business community, the price of ammonium chloride was around 1012 yuan/ton at the beginning of October, and 980 yuan/ton at the end of the month, down 3.21%. In October, the ex factory price of ammonium chloride enterprises was basically stable, and the offer of merchants to increase shipment decreased slightly. By the end of October, the factory price of ammonium chloride dry ammonium was around 900~970 yuan/ton, and the market mainstream price was around 950~1000 yuan/ton.

Supply and demand: On the one hand, the commencement of downstream compound fertilizer in October continued at a low level of 3 to 4, and the winter storage has not yet started, so the demand for ammonium chloride continues to be weak. On the other hand, about 80% of the domestic soda ash was started, and the supply of ammonium chloride was sufficient; Ammonium chloride is mainly weak under the pressure of oversupply.

In October, the price of raw material liquid ammonia fell sharply, and the cost support was weak. According to the monitoring of the business community, as of October 30, the price of domestic liquid ammonia was 4113 yuan/ton, 5.95% lower than the price of 4373 yuan/ton at the beginning of the month. The amount of ammonia released in the main production area has only increased. Since the middle of October, Shandong, Hebei, Hubei, Hunan, Fujian and other places have seen large shipments. With the effect of manufacturers’ successive price reductions, more efforts have been made to ship. Moreover, due to the continuous weak fluctuation of urea price, many enterprises have switched to liquid ammonia production recently. The ammonia volume in the second half of the month remains high, and the price is suppressed by loose supply.

Future market forecast: Ammonium chloride analysts from the business community believe that in October, when the supply and demand of ammonium chloride were weak, the price of liquid ammonia was low, and the cost support of ammonium chloride was weak. It is expected that the price of ammonium chloride will continue to be weak in the later period.

According to the monitoring of the business community, the price of activated carbon was 10866 yuan/ton at the beginning of this month, and 10666 yuan/ton at the end of this month, down 1.84%.

At present, the price of domestic activated carbon fell in October. At present, the factory price of activated carbon for coconut shell water purification in East China is between 9500-12500 yuan/ton; The activated carbon market is dominated by rigid demand, and the downstream demand performance is poor. There is a lack of cooperation in buying, business confidence is insufficient, and the market shipment rhythm is slow. Focus on the market transaction.

Activated carbon raw materials are rich in sources, including coal, wood chips, fruit shells, straw, etc. Activated carbon suitable for water treatment has been prepared through a series of processes. At the same time, activated carbon manufacturers are constantly improving the performance of activated carbon, increasing its working capacity, and can effectively adsorb and purify wastewater.

Forecast: The trading volume in the activated carbon market is light, and the merchants may yield profits for shipment. It is expected that in the short term, the price of activated carbon will be mainly volatile and weak, and the specific price will be mainly negotiated.