According to the data monitoring of business organizations, on September 6, the average price of acetic anhydride enterprises was 7225.00 yuan/ton, which was more stable than the previous trading day, up 48.71% year-on-year.

On September 5, the acetic anhydride commodity index was 143.19, which was the same as yesterday, which was 13.60% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 73.40% higher than the lowest point of 82.58 points on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

On September 6, the domestic acetic acid anhydride factory price was temporarily stabilized, and the market transaction price was stable. In most areas, the factory price is 6700-7000 yuan / ton, the actual transaction price fell, the actual transaction price is about 6550-6900 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid has risen sharply after the sharp drop, and the price of raw material methanol has fluctuated slightly. The overall cost of acetic anhydride manufacturers has fallen, and the price of acetic anhydride has become bearish. Recently, the equipment of acetic anhydride plant has resumed driving, and the operating rate of equipment has increased. The operating rate of downstream customers has rebounded, and the demand for acetic anhydride is favorable. The recovery of downstream purchases provided support for the increase in the price of acetic anhydride. However, with the increase in the operating rate of acetic anhydride equipment, the supply of acetic anhydride increased, while the demand for acetic anhydride recovered slowly. It is difficult to support the price of acetic anhydride to continue to rise, raw material prices. Declining, the cost of acetic anhydride decreased, and the price of acetic anhydride lost support for growth. It is expected that the price of acetic anhydride will fall, and the overall domestic acetic anhydride price will fall slightly.

On September 6, the domestic market for zinc metal rose, the average price of metal zinc in the domestic spot market was 2,1541.25 yuan / ton, up 0.71% from the previous trading day; the average ex-factory price was 22,122.86 yuan / ton, compared with the previous trading day. The price rose by 0.65%.

On September 5, the zinc (market) commodity index was 122.18, down 2.82 points from yesterday, down 21.56% from the highest point of 155.77 points (2017-10-09) in the cycle, compared with the lowest point of 72.28 on November 22, 2015. It has risen by 69.04%. (Note: Period refers to 2011-09-01 to date).

On September 6, the price of zinc rose. After the recent decline in zinc prices, the price of zinc rose on September 6, and the price rose by about 150 yuan/ton. The overall demand of the zinc market has not changed significantly, the market performance has struggled, and the zinc warehouse stocks have not improved much. On September 6, the Shanghai futures market had 1565 tons of zinc ingots and 200 tons of stocks. The market activity of zinc ingots was poor, and the overall transaction volume was low. In the absence of significant improvement in market demand, zinc prices have risen weakly. However, the inventory of futures zinc ingots is at a low level, the market supply has not increased significantly, and the decline in zinc prices has not been supported. The zinc price growth in the market is weak, but the supply is limited, and the price is difficult to fall sharply. It is expected that the zinc price in the market will fluctuate.

First, the price trend

According to the price monitoring of the business community, as of September 4, the average domestic methanol market price was 3,047 yuan / ton, the overall market price rose in a narrow range, the price increased by 11.22% over the same period last year.

Second, the market analysis

Products: The domestic methanol market is showing regional trends, and the port is mostly running down the disk. The mainland market is performing well. Considering that some manufacturers have overhauled the equipment and the overall inventory of the manufacturers is low, the market fundamentals are still boosted, and the mainland methanol market is smooth. The northwest guides the price increase and focuses on the transmission to the surrounding markets. Need to pay more attention to futures, actual shipments of manufacturers, etc.

Industry chain: Formaldehyde: Shandong formaldehyde has a general overall performance, and downstream demand is just the mainstay. The raw material methanol is higher, and the cost is supported by the surface. Acetic acid: The domestic glacial acetic acid market still fell at the beginning of the week, due to the lower prices of some enterprises on the weekend, the opening offer was low. Dimethyl ether: End users gradually delisted and digested their inventories. The seller’s inventory continued to increase slowly, sales were under pressure, and the overall market price trend was stable and narrow. The overall market supply is still abundant. As the company’s inventories increase, the domestic DME market is expected to remain empty.

Third, the market outlook

Business community view: On the positive side, under the influence of environmental protection, Shanxi and North Jiangsu coke oven gas-making methanol projects are limited. At present, Shanxi Linyi and other places limit the production and reduce the negative; Xuzhou restarts the factory parking in the early stage; Zhongyuan Ethylene, Jiangsu Selbang MTO is now The operation is stable, the raw materials are maintained in normal mining, and it is supported by the regional and surrounding markets. Under the influence of the “guarantee supply” of natural gas, the domestic gas supply reduction in the fourth quarter is not expected to decrease, and the local arrival of goods in the region and East China will be formed. Direct impact; the northwest guidance price will rise to 2,700 yuan / ton, which will transmit the surrounding market. The Shandong Lunan Guohong installation has been overhauled for about 15 days since September 3; the shutdown of the northwest Shenmu plant and the maintenance of the Ningxia methanol plant are expected, and the supply of methanol resources in some areas is tightening. In the negative, under the environmental supervision, the downstream plates and BDOs are maintained at a low level, and the demand for formaldehyde and other resources is mainly on demand; the futures are rebounding, and the weak operation is the main, dragging the port spot. The methanol analyst of the business community expects that the methanol market will continue to rise in the short term, focusing on downstream receiving, arrival and futures trends.

According to the data monitoring of business organizations, on September 4, the average price of acetic anhydride enterprises was 7225.00 yuan / ton, down 2.20% from the previous trading day, up 48.71%.

On September 3, the acetic anhydride commodity index was 146.41, which was the same as yesterday, which was 11.66% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 77.29% higher than the lowest point of 82.58 points on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

On September 4, the domestic acetic acid anhydride factory price fell, and the market transaction price fell. In most areas, the factory price is 6700-7000 yuan / ton, the actual transaction price fell, the actual transaction price is about 6550-6900 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid has fallen sharply, the price of raw material methanol has fluctuated, and the cost of acetic anhydride manufacturers has fallen, which has created a negative price for acetic anhydride. Recently, the equipment of acetic anhydride plant has resumed driving, and the operating rate of equipment has increased. The operating rate of downstream customers has rebounded, and the demand for acetic anhydride is favorable. The recovery of downstream purchases provided support for the increase in the price of acetic anhydride. However, with the increase in the operating rate of acetic anhydride equipment, the supply of acetic anhydride increased, while the demand for acetic anhydride recovered slowly. It is difficult to support the price of acetic anhydride to continue to rise, raw material prices. Declining, the cost of acetic anhydride decreased, the price of acetic anhydride lost support, and the price of acetic anhydride was expected to fall, and the overall domestic acetic anhydride price fell.

On September 4, the metal zinc market in the domestic market fell. The average price of metal zinc in the domestic spot market was 21,882.50 yuan / ton, down 1.17% from the previous trading day; the average ex-factory price was 22,394.29 yuan / ton, compared with the previous trading day. The price fell by 1.01%.

On September 3, the zinc (market) commodity index was 126.48, which was the same as yesterday, which was 18.80% lower than the highest point of 155.77 points (2017-10-09) in the cycle, which was 74.99 higher than the lowest point of 72.28 on November 22, 2015. %. (Note: Period refers to 2011-09-01 to date).

On September 4, the price of zinc fell. After the price of zinc rose for a week, the price of zinc began to fall slowly on September 3 and 4, and the price fell by 260 yuan/ton. The overall demand of the zinc market has not changed significantly, the market performance is struggling, and the zinc market has low inventory. On September 3, the inventory of zinc ingots in the Shanghai futures market was 2,476 tons, and the inventory was reduced by 152 tons. The market activity of zinc ingots was poor, and the overall transaction volume was low. In the absence of significant improvement in market demand, zinc prices continued to rise, inhibiting the activity and enthusiasm of trading zinc, and the price of zinc was weak. However, the inventory of futures zinc ingots is at a low level, and the market supply has not increased significantly. The zinc price growth in the market is weak, but the supply is limited, and the price is difficult to fall sharply. It is expected that the zinc price in the market will fluctuate.

First, the price trend

According to the data monitoring of the business community, the zinc market rose and then rose in August, and the zinc price fluctuated and adjusted, and the overall zinc price remained stable. As of August 31, the average price of zinc price was 22,142.50 yuan / ton, compared with the price of 2,1960.00 yuan / ton of zinc at the beginning of the month (August 1), a drop of 0.83%, down 15.32%.

Second, the market trend analysis

Product aspects:

August 31, London LME market zinc closing price of 2457.00 US dollars / ton, compared with the beginning of the month (August 1) zinc closing price of 2,555 US dollars / ton, the price fell 93.00 US dollars / ton, August 31, London LME market spot price 2503.50 -2504.00 US dollars / ton, compared with the beginning of the month, the price of 2627.00-2628.00 US dollars / ton fell 124 US dollars / ton. On August 31, Shanghai futures market futures zinc closing price was 22,285 yuan / ton, compared with the opening price of 21,635 yuan / ton at the beginning of the month, the price rose 650 yuan / ton. The rise in domestic futures zinc prices has driven the price of spot zinc to rise, and the price of zinc has fluctuated.

Data statistics

According to Manzhouli Customs statistics, from January to July this year, Manzhouliguan District imported 18,000 tons of zinc ore and concentrates, an increase of 50.3%, accounting for 10.19% of the country’s total imports in the same period, an increase of 85.7%. In 2018, global zinc concentrate production showed a growth trend. The supply of zinc mine in the market was loose. Due to the impact of supply and demand, domestic zinc prices fluctuated and fell, and the overall trend of decline was fundamental. The fundamental supply and demand structure also changed fundamentally from the previous two years. 2018 The zinc market is generally in a state of oversupply, and the zinc price is weaker.

Third, the outlook outlook

Business analyst Bai Jiaxin believes that the Sino-US trade war is difficult to end in the short term, resulting in weak macroeconomic performance, the market is not good for the economic outlook, and the zinc market is dragged down by the macro economy. In the third and fourth quarters, many international Large-scale zinc mining enterprises resumed production. At the demand side, affected by the traditional gold, silver and silver, the demand for zinc ingots will pick up. The Sino-US trade war has escalated. The United States has imposed tariffs on China’s 200 billion U.S. dollars at any time. In the name of China’s introduction of tariffs on US goods, zinc ore and zinc concentrates are subject to a 25% tariff. The price of zinc has risen. However, due to the limited amount of zinc ingots imported from the United States and the downstream products of zinc ingots exported to the United States, the impact of tariff increases on the market of zinc is limited, and it is difficult to change the impact of the overall imbalance between supply and demand. In general, the zinc market is still in a state of oversupply, and zinc prices are unlikely to rise sharply. However, at the same time, it is stimulated by favorable news such as tariffs. Zinc prices still have room to rise. With the arrival of Jinjiuyin 10, demand has picked up, and zinc is expected to be in the market. The price fluctuated and rose, but the average price of zinc in September is still difficult to exceed 23,000 yuan / ton. The market outlook should pay more attention to the start of zinc mines.