This week (11.29-12.3), the domestic butyl acetate market price continued to decline, and the decline further deepened. It is mainly affected by the weak cost and weak demand caused by the decline of upstream acetic acid. According to the monitoring of business society, butyl acetate decreased by 2.92% in the week. At the weekend, the domestic mainstream quotation of butyl acetate is 10100-10500 yuan / ton.

First, in terms of cost, domestic acetic acid fell sharply this week, down 8.22%. Most acetic acid plants operate normally, the manufacturer’s inventory is accumulated, the supply of goods in the market is sufficient, the downstream demand continues to be purchased rationally, and the traders negotiate the shipment. The acetic acid enterprises adjust the quotation according to their own shipment situation, the actual transaction price is constantly reduced, and the on-site mentality is mainly wait-and-see. The sharp drop in the price of acetic acid further lowered the trading focus of downstream ethyl ester and butyl ester.

In addition, from the perspective of upstream n-butanol, according to the monitoring of business society, as of December 2, the average ex factory price of n-butanol in Shandong was 8366 yuan / ton. Compared with the price on November 28 (the reference average price of n-butanol was 9433 yuan / ton), the average price was reduced by 1067 yuan / ton, a decrease of 11.31%. Downstream users have a strong wait-and-see mood, are cautious in preparing goods, mainly digest early-stage raw materials, and the support on the demand side is weak. At the same time, the inventory of n-butanol has gradually accumulated. Near the weekend, the n-butanol factory in Shandong has a strong willingness to ship goods, and the offer price has been sharply reduced again.

In terms of supply and demand, the operating rate of major manufacturers this week is high and the market supply is sufficient. This week, the prices of large factories are still reduced, with a range of 200-300 yuan / ton. The manufacturer’s shipment speed is weak, and the price support psychology is weakened, which has a significant impact on the market. In addition, traders are not active in taking goods, and downstream factories on the demand side are only limited to just need to buy. Market trading is not active, demand follow-up is insufficient, and the market has not substantially improved.

Future forecast: in the near future, the negative atmosphere on the cost side has intensified, and the supply side also shows certain pressure. The manufacturer will accumulate the risk of inventory in the later stage. It is expected that the recent ethyl acetate Market will still be mainly downward.

Price rise and fall of major domestic electrolytic manganese markets from November 1 to November 30 (unit: yuan / ton)

Market. Prices on November 1. Prices on November 30. Weekly rise and fall

Yangtze River region, 44200, 40200, – 4000

Shanghai (barreled), 46000, 40500, – 5500

Shanghai (bagged), 45000, 39500, – 5500

This week (from November 1 to November 30), 1# electrolytic manganese market prices mainly declined, with the Yangtze River market at 44200 yuan / ton at the beginning of the month and 40200 yuan / ton at the end of the month, down 4000 yuan / ton.

Manganese ore: the overall downward trend of manganese ore market in October. At the beginning of the month, the bidding price of the steel plant was issued, the price performance was poor, which did not meet the expectations of the silicon manganese alloy plant, the procurement lagged behind, the inquiry was less, and the transaction activity was not high. The weak situation of manganese ore remained unchanged in the middle of the month. On the one hand, it came from the stagnation of purchasing by the alloy factory due to the current negative market. On the other hand, a new round of futures arrived in Hong Kong, the spot inventory at the port increased and remained at a high level. The sale of some minerals was blocked, and the confidence of some miners was deeply hit. Data show that: Port manganese ore: Tianjin Hong Kong and Macao block reported 44 yuan / ton degree, down 3.5 yuan / ton degree from last month; South Africa’s semi carbonic acid reported 34 yuan / ton degree, down 3 yuan / ton degree from the previous month; Gabon block reported 41 yuan / ton degree, down 2.5 yuan / ton degree from the previous month; Qinzhou Port manganese mine: the mainstream Australian block reported 46.5 yuan / ton degree, down 3.5 yuan / ton degree from the previous month; South Africa’s semi carbonic acid was reported as 37 yuan / ton degree, down 4 yuan / ton degree from the previous month; Gabon block reported 42 yuan / ton degree, down 3 yuan / ton degree from last month.

At the end of October, the electrolytic manganese market entered a weak consolidation period. Due to the influence of limited power production in the early stage, the price of electrolytic manganese at home and abroad went up all the way. In the second half of October, the price of electrolytic manganese at home and abroad went up all the way. Later, it was jointly affected by factors such as the fear of heights in the downstream and the unsatisfactory price of domestic steel bidding, The price of electrolytic manganese has entered the market consolidation trend. Although the price has declined this month, it is still in a historically high price range. The fear of heights in the downstream is still strong, and the enthusiasm for purchasing on demand is limited. By the end of November, the mainstream ex factory price of electrolytic manganese was concentrated at 40000-40800 yuan / ton, down 4000-4500 yuan / ton compared with the previous month. At present, the downstream receiving sentiment is cautious, and it is expected that the electrolytic manganese market will still maintain the consolidation trend in the short term.

In terms of manganese and silicon: due to the continuous decline of silicon and manganese prices, some regions are close to the cost price. On the 21st, Ulanqab ferroalloy manufacturers held a symposium. At this symposium, Ulanqab ferroalloy industry association conveyed the spirit of the document “reducing alloy output, reducing energy consumption and promoting the healthy development of the industry” issued by China ferroalloy industry association, and all enterprises said one after another, Under the condition of ensuring the basic needs of downstream users, measures such as peak operation, load reduction and partial shutdown are taken to adjust the production layout. Manganese enterprises plan to reduce the output by 40-50% in December to ensure the stable and orderly operation of the enterprise. As soon as this news comes out, some manufacturers plan to stop production and reduce production. An enterprise in Guizhou will stop the furnace for maintenance from the 23rd, and the resumption time of production is to be determined; Most enterprises in Guangxi will also stop production and reduce production.

In November, the price of plasticizer DOP fluctuated and fell

According to the data monitoring of the business agency, the DOP price fluctuated and fell in November, and the overall DOP market fell in November. As of November 30, DOP price was 11462.50 yuan / ton, down 11.14% from 12900 yuan / ton on November 1 at the beginning of the month; DOP market fell weakly in November.

The price of isooctanol fell in November

According to the price monitoring of the business club, the price of isooctanol fell in November, and the activity of the isooctanol market was general. In the middle of the year, the downstream procurement was bargain hunting and replenishment, and the price of isooctanol recovered briefly. The overall price of isooctanol fluctuated and fell, the decline of isooctanol narrowed and slowed down, the cost of plasticizer DOP decreased, and the downward pressure of DOP increased.

The price of phthalic anhydride fluctuated and fell in November

According to the price monitoring of business society, the high level of phthalic anhydride market fell in November, and the price of phthalic anhydride fell. In November, the price of raw material o-xylene fell, the demand was poor, the market of phthalic anhydride was relatively bad, the positive was weakened, the support for the rise of phthalic anhydride was weakened, the downward pressure was increased, the cost of DOP was reduced, and the downward pressure of DOP was increased.

In November, PVC prices stopped falling and wanted to rise

According to the price monitoring of the business community, the PVC market hit the bottom and rebounded in November. In November, the PVC market first fell broadly, and then maintained a volatile trend. The price rebounded in late October, but it was difficult to recover the early decline. The overall trend in the month showed a downward trend and the focus shifted downward. In the short term, when there is no obvious change in PVC fundamentals, the price continues to maintain a volatile trend. The PVC market fluctuated and stabilized, which was limited to the DOP market.

Future expectations

Bai Jiaxin, DOP data analyst of business society, believes that in November, DOP raw materials were not supported, phthalic anhydride prices fell, isooctanol prices fell, DOP costs fell, DOP downward pressure increased, PVC prices stopped falling and wanted to rise, DOP demand was temporarily stable, and the favorable demand was limited. Generally speaking, the cost of DOP decreased, the demand was temporarily stable, the downward pressure of DOP increased, the upward momentum weakened, and the future DOP price was weak and adjusted by shock.

1、 Price trend

The domestic market price of neopentyl glycol fell slightly this month. The quotation in the mainstream market fell from 20000 yuan / ton at the beginning of the month to 17000 yuan / ton at the weekend, down 3000 yuan / ton.

2、 Market analysis

Domestic neopentyl glycol market in November

manufactor November 1st November 15th November 30th

Shanghai Qihua Wanhua 20000 yuan / ton 19000 yuan / ton 17000 yuan / ton

Shanghai Qihua Jihua 20500 yuan / ton 20000 yuan / ton 17000 yuan / ton

Shanghai Qihua LG 20000 yuan / ton 20000 yuan / ton 16500 yuan / ton

Jinan aochen Wanhua 21500 yuan / ton 20000 yuan / ton 18000 yuan / ton

The quotation of mainstream manufacturers of neopentyl glycol fell this month: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the end of the month was 17000 yuan / ton, which fell by 3000 yuan / ton compared with the beginning of the month; The selling price of Shanghai Qihua Jihua neopentyl glycol at the end of the month was 17000 yuan / ton, which was 3500 yuan / ton lower than that at the beginning of the month; The distribution price of Shanghai Qihua Korea LG neopentyl glycol over the weekend was 16500 yuan / ton, which was 3500 yuan / ton lower than that at the beginning of the week; The distribution price of Jinan aochen Wanhua neopentyl glycol at the end of the month was 18000 yuan / ton, which decreased by 3500 yuan / ton compared with the beginning of the month.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell sharply this month, and the quotation fell from 16533.33 yuan / ton on November 1 to 8400.00 yuan / ton on November 30, down 8133.33 yuan / ton, down 49.19%. The market price of upstream raw materials fell sharply, which had a negative impact on the price of neopentyl glycol due to the impact of supply and demand.

3、 Future forecast

In mid December, the overall trend of neopentyl glycol market may decline slightly. The upstream isobutyraldehyde market fell sharply, the cost support weakened, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol of business society believe that the short-term neopentyl glycol market may decline slightly under the influence of supply and demand and raw materials.

1、 Price trend

According to the bulk list data of business society, the domestic glycine price continued to rise in November. The average price of industrial grade glycine was 29666 yuan / ton at the beginning of the month and 35000 yuan / ton at the end of the month. The increase was 17.98%.

2、 Analysis and review

According to the price chart of business society, the price of glycine continued to rise strongly in November. By the end of November, the mainstream quotation of domestic industrial glycine was around 35000 yuan / ton. Prices hit an all-time high. It is reported that the market was closed in mid and early November, and the enterprises mainly completed the orders of old customers. At the same time, due to the influence of double limit, the production was unstable and the market supply was tight. Since late November, the enterprises have successively resumed the quotation, the downstream procurement was relatively stable, the demand situation was acceptable, and the price of the resumed quotation has increased steadily.

Demand: the downstream glyphosate price exceeded 80000 yuan / ton. Although the price of raw materials such as yellow phosphorus decreased significantly in November, affected by the double limit policy, the plant production was unstable and the supply decreased. At the same time, the foreign demand remained unchanged, and the glyphosate price further increased. The stable demand market for glyphosate in the downstream provides strong price support for the price of glycine.

3、 Future forecast

Glycine analysts of business society believe that at present, the supply and demand of glycine market is stable, and the demand for glyphosate is stable. It is expected that the price of glycine will be stable in December.

1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process with large volume in the domestic market as an example, according to the data of the bulk list of business society, the titanium dioxide market is basically stable this week, and the price of domestic titanium dioxide is 20950 yuan / ton.

2、 Market analysis

This week, the titanium dioxide market was basically stable this week. The market demand for titanium dioxide is relatively light. At present, it is in the off-season of titanium dioxide, the market inquiry is general, and the transaction of new orders is weakened. Up to now, the factory quotation including tax of rutile titanium dioxide in China is 19500-21800 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17600-19500 yuan / ton. At present, the overall market is weak in both supply and demand. Traders are more cautious in taking goods and wait-and-see. The titanium dioxide market mainly operates stably.

In terms of titanium concentrate, the price of titanium concentrate Market in Panxi area decreased slightly. At present, the titanium concentrate market is relatively cold, the downstream titanium dioxide market is light, enterprises mainly purchase on demand, and the wait-and-see mood is obvious. Up to now, the tax free quotation of 38 grade titanium ore is about 1430-1500 yuan / ton, that of 46 grade 10 titanium ore is about 2200-2280 yuan / ton, and that of 47 grade 20 ore is about 2500-2550 yuan / ton. The downstream titanium dioxide enterprise market is relatively cold, the downstream wait-and-see mood is strong, the market inquiry is general, and purchase on demand. The manufacturer’s inventory has increased, and the overall market is dominated by weak operation. It is expected that the price of titanium concentrate will still be reduced slightly in the short term, and the actual transaction price will be mainly discussed.

In terms of sulfuric acid, the sulfuric acid market fell this week. According to the monitoring of commodity data, the average price of sulfuric acid was 725 yuan / ton last Friday and 626.67 yuan / ton this Friday. The price fell during the week, down 13.56%. The domestic upstream sulfur market has declined slightly recently, the cost support is insufficient, some sulfuric acid manufacturers have insufficient operation, the load is reduced, the downstream formic acid and bromine market have declined slightly, and the downstream procurement enthusiasm is weakened.

3、 Future forecast

Titanium dioxide analysts of business society believe that at present, the titanium dioxide market is weak and stable. In terms of raw materials, the prices of titanium concentrate and sulfuric acid have been reduced, which has insufficient support. The downstream demand is relatively light and the wait-and-see mood is strong. It is expected that the titanium dioxide market will be more wait-and-see and consolidation in the short term.

This week (11.15-19), the domestic ethyl acetate Market retreated after rising, and the price fell this week. However, the range is not large. According to the monitoring of business society, the decline is 1.11%. The upstream acetic acid price began to loosen in the middle of the week, and the cost support weakened. In addition, most of the manufacturers’ devices started normally. Except for the device maintenance of a large plant in Shandong since last month, the devices of mainstream manufacturers are basically normal and the output is stable. Due to the impact of low demand, the delivery speed is weakened and the inventory pressure begins to appear, resulting in the loosening of the price of ethyl acetate. The current price is in the range of 9400-9700 yuan / ton.

First of all, in terms of the upstream acetic acid market, the acetic acid market has continued to rebound since November, but this week, the rebound has basically come to an end. From the middle of the week, the acetic acid price began to loosen. The production and sales of main factories in Shandong are normal, but the overall trading of the market is general, and the focus of negotiation is lower. The main reason is that the overall start-up of acetic acid manufacturers remains high, the operation of mainstream large plants is stable, and individual load reduction is the main factor, with little impact. The disappearance of good cost brought down expectations to the downstream ethyl acetate.

In addition, from the perspective of ethyl acetate supply, first of all, on the supply side, the supply of ethyl acetate has little change compared with last week, and the main factories have basically started stably. For example, the shutdown of jinyimeng unit has limited impact on the output. Affected by weak demand, the manufacturer’s shipment strength decreased slightly, and the increase of inventory suppressed the price.

On the demand side, the market demand is stable and small. In the early stage, affected by the improvement of demand, the price of ethyl acetate rebounded. However, this week, I heard that the air pollution in Shandong and Hebei was serious, and some production and transportation were limited due to the impact of the Beijing Winter Olympic Games. Therefore, some demand was restrained, which is an important reason for the decline of the price of ethyl acetate.

In the future, the ethyl acetate analysts of business society believe that there is little change in the supply and demand of ethyl acetate at present. If the price of acetic acid continues to decline, ethyl acetate may still fall, but the range will not be too large, mainly in a narrow range.

1、 Price trend

According to the bulk data monitoring of business society, the mainstream price of styrene in China fell slightly this week. On Monday (November 15), the price of sample enterprises of business society was 8987.50 yuan / ton, and on Friday (November 19), the price of sample enterprises was 8575.00 yuan / ton, a decrease of 4.59%. The price decreased by 3.65% compared with the same period last year.

2、 Market analysis

Styrene market price continued to decline this week. On November 15, East China styrene closed near 8950-9000 yuan / ton, and on November 19, 8550-8600 yuan / ton, down near 400 yuan / ton. The above is the tank price in Zhangjiagang. On November 15, South China styrene closed at 8850-8900 yuan / ton, and 8400-8450 yuan / ton on November 19, down by 450 yuan / ton. The delivery price of the above factories. This week, the energy and chemical commodities were generally weak, the fundamentals of styrene were expected to be weak, the mentality of merchants was damaged, and there was a lack of bottom buying and price chasing cooperation in the field. Although the port continued to go to the warehouse sharply and was supported by periodic low price recovery, the styrene was weak due to the production of new units in December, the supply increased, the downstream demand recovered slightly, the overall capital was bearish on the market.

In terms of raw materials, pure benzene fell sharply this week. As of Friday (November 19), the mainstream quotation was 6920.00 yuan / ton, down 640 yuan / ton or 8.47% from 7560.00 yuan / ton on Monday (November 15). This week, the trend of international crude oil was weak, the inventory of East China pure benzene increased sharply, and the market lacked favorable support. In addition, the listing of Sinopec pure benzene was lowered twice this week, a total of 600 yuan / ton to 7000 yuan / ton, and East China pure benzene fell below the 7000 yuan / ton mark on Wednesday. In addition, the term of downstream styrene continued to decline, resulting in strong bearish sentiment in the market.

In terms of operating rate, Baling Petrochemical and the first line of lishde were added to styrene in China this week, the load of individual large enterprises decreased, and the weekly average operating rate of styrene industry decreased to 73.92%, slightly lower than that of last week. In terms of port inventory, the port inventory decreased sharply this week, the short-term arrival was less, the arrival was less than the delivery volume, and the inventory was at an annual low.

Downstream, styrene showed a downward trend this week. ABS held steady, while PS and EPS fell slightly. In the PS market, as of Friday (November 19), the mainstream ex factory quotation of PS in East China was 10900.00 yuan / ton, down 1.51% from 11066.67 yuan / ton on Monday. This week, the supply of a few PS materials in Zhejiang was tight, and the operators intended to support the price operation. However, the market trading was weak, some merchants reduced the price and shipped, and the purchasing mood of small and medium-sized downstream factories was poor.

In the EPS market, as of Friday (November 19), the mainstream ex factory quotation of EPS in East China was 10575.00 yuan / ton, down 1.86% from 10775.00 yuan / ton on Monday. This week, the EPS operating rate decreased slightly, the cost support was weak, the overall demand was insufficient, the market merchants waited carefully, and the overall transaction was poor.

In the ABS market, as of Friday (November 19), the mainstream ex factory quotation of ABS Zhejiang was 16450.00 yuan / ton, which was stable compared with Monday. In terms of operating rate, the operating rate remained stable at 91.4% this week. The upstream of ABS fell this week, some materials and goods were tight, the cost side of ABS was still supported, and some materials and goods were tight. However, the downstream procurement enthusiasm was not good, and the merchants operated cautiously.

3、 Later outlook

Pure benzene fell continuously, the periphery lacked support for the market, the port inventory rose, the downstream procurement enthusiasm was not high, the resistance to high prices increased, and the market bad was relatively concentrated. It is expected to be mainly low-level consolidation in the short term. Ethylene is expected to stabilize, while the cost side support of styrene is weakened. In addition, the supply is expected to increase, and the downstream spot demand continues to be weak. Overall, it is expected that there will be more negative aspects of styrene in the short term and will still be weak consolidation. The market needs to pay close attention to the trend of crude oil price.

1、 Price trend

According to the price monitoring of the business community, on November 19, the average price of salicylic acid (industrial grade) mainstream manufacturers was 16666.67 yuan / ton, which was the same as 16666.67 yuan / ton at the beginning of last week and the same as that at the beginning of last month, with a price increase of 20.48% compared with the same period last year.

2、 Market analysis

The salicylic acid market continued to operate weakly and stably this week. The quotations of most enterprises were not adjusted, and the prices of some enterprises were reduced by 200-400 yuan / ton. For example, Mongolia pulitel industrial salicylic acid was reduced by 400 yuan / ton to 14600 yuan / ton within the week, and the market focus shifted slightly downward. At present, the policy of limiting production and power supply has been alleviated, and the operating load of manufacturers has increased. For example, MaoYuan chemical plant is fully open, the market supply has increased, and the price has decreased slightly. Up to now, the quotation of domestic salicylic acid industrial enterprises is mostly in the range of 14500-19200 yuan / ton, the quotation of pharmaceutical grade is mostly in the range of 24000-27000 yuan / ton, and the quotation of sublimation grade is mostly in the range of 19500-23000 yuan / ton. The price is generally adjusted.

In terms of raw materials, at the beginning of last week, the phenol market continued its early decline trend and continued to fall to 9200 yuan / ton. After that, the market rebounded. Up to now, the offers of major mainstream markets are as follows: the offer in East China is 9350 yuan / ton, the offer in Shandong and Yanshan surrounding areas is 9300 yuan / ton, and the offer in South China is 9450 yuan / ton. The price rise this time is obviously lack of motivation. After all, it is because there is no continuous positive support on the demand side. Most of the in tray purchases are just needed, and the participation of intermediate traders is significantly reduced. In the short term, there is little change in the supply side. After a round of replenishment in the market, the procurement slows down. From the perspective of business society, the domestic phenol market will still fluctuate in the range next week.

3、 Future forecast

According to the salicylic acid analysts of business society, the current production and power restriction policy has been alleviated, the start-up of salicylic acid enterprises has increased, the market supply has increased, and the actual transaction has moved down slightly again. It is expected that the salicylic acid market will continue to maintain a weak operation in the short term.

According to the bulk list data of business society, as of November 22, the average quotation price of formic acid enterprises was 5000 yuan / ton, down 33.33% compared with the price on Monday (November 15), down 37.89% compared with the price on October 22, and up 47.06% year-on-year in a three-month cycle.

This week (11.15-11.22), the market price of domestic industrial grade 85% formic acid fell sharply. Recently, the price trend of raw materials methanol, caustic soda, liquid ammonia and sulfuric acid has declined, the cost support for formic acid has been significantly weakened, the price of formic acid has fallen sharply, the focus of transaction has declined, and downstream enterprises mainly purchase on demand.

In terms of cost: for upstream caustic soda, the price of caustic soda decreased this week (11.15-11.21). At the beginning of the week, the market price in Shandong was 1262.5 yuan / ton, and the average market price in Shandong at the weekend was 940 yuan / ton, down 11.53%; For upstream liquid ammonia, on November 19, the market situation of Shandong liquid ammonia was weak, and the price continued to decline, with a range of 100 yuan / ton. The quotations of most manufacturers were adjusted downward, with a range of 100 yuan; Upstream sulfuric acid, the domestic sulfuric acid market fell on November 19, the upstream sulfur market fell slightly recently, the cost support was insufficient, some sulfuric acid manufacturers did not start enough, the load was reduced, the downstream formic acid and bromine market fell slightly, and the downstream procurement enthusiasm was weakened; For upstream methanol, on November 19, the reference price of methanol was 2748.33, a decrease of 9.59% compared with November 15 (3040) and 12.94% compared with November 1 (3156.67).

Formic acid analysts of business society believe that the recent decline in raw material prices has formed a negative pressure on formic acid, the cost side has dragged down the lack of market confidence, and the support of supply and demand side is OK. It is expected that the formic acid market will be dominated by weak consolidation in the short term.