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.

1、 Price trend

According to commodity data monitoring, isopropanol prices continued to decline this week. The average price of domestic isopropanol was 7733.33 yuan / ton last Friday and 7466.67 yuan / ton this Friday. The price decreased by 3.45% during the week.

2、 Market analysis

Figure: comparison of price trend of acetone and isopropanol from August to October

This week, the focus of the domestic isopropanol market continued to move downward, the price of raw acetone was weak, and the cost suppressed the market mentality. Traders are more cautious in taking goods. Most of the downstream are wait-and-see. The overall trading atmosphere of the market is light, and the isopropanol market quotation fell. Up to now, most quotations of Shandong isopropanol are about 7400 yuan / ton; Most quotation ranges of Jiangsu isopropanol are about 7500 yuan / ton; Most quotations of isopropanol in Zhejiang are about 7500 yuan / ton. Internationally, on November 16, the isopropanol market in the United States closed stable and the isopropanol market in Europe closed stable.

In terms of raw material acetone, the trading atmosphere is general, the offer range of the holder fluctuates, the pressure increases, and the shipping mood improves. However, the participation of intermediate traders is very little, while the terminal factory is completely in the state of just needing follow-up, the trading surface is cold, and the actual order is less heard. The business community expects the weak adjustment of acetone market today, and the offer in East China market is expected to be 5600-5700 yuan / ton.

In terms of raw material propylene, the propylene price began to stabilize after a slight rise this week. As of Friday, the propylene price in Shandong market was 7800-7900 yuan / ton, and some factories adjusted slightly. The wait-and-see mentality of downstream procurement is dominant, the shipment pressure of propylene manufacturers increases slightly, the operation of downstream units is basically stable, and the procurement is mainly based on use and production. The overall market performance is average, there is no obvious positive factor guidance, and the price consolidation operation.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that the focus of the domestic isopropanol market is downward. Weak adjustment of raw materials and insufficient cost support. The downstream is mostly wait-and-see, and the overall trading atmosphere of the market is general. It is expected that in the short term, the market will wait and see, and the price is weak.

In November, the EVA market continued to be weak, the price continued to fall, and the overall transaction atmosphere of the market was weak. According to the data monitoring of business agency, the average ex factory price of domestic EVA was 24200.00 yuan / ton on October 31 and 22000.00 yuan / ton on November 11, with a decrease of 9.09% and 20.10% compared with October 1.

As of November 12, the ex factory quotation of EVA is as follows:

product manufactor model Ex factory price

EVA yanshan petrochemical 18J3 22000 yuan / ton

EVA Beijing Organic Y2022 21000 yuan / ton

EVA BASF Yangzi V5110J 23000 yuan / ton

Recently, the domestic EVA market continues to decline, with obvious market bad, frequent bidding policies, suppressing the mentality of the industry, petrochemical enterprises reduce the factory quotation, the mentality of the merchants is general, giving priority to profit and shipping, and the downstream is cautious to enter the market with the mentality of buying up but not buying down. In addition, the market demand is weak, the overall transaction atmosphere is weak, and the firm offer focuses on a single discussion.

In the upstream ethylene market, the recent external ethylene market showed a shock downward trend as a whole. The price of ethylene in Asia is stable. As of the 11th, CFR Northeast Asia closed at US $1156-1166 / ton and CFR Southeast Asia closed at US $1071-1081 / ton. The price of ethylene market in Europe fluctuated and fell. As of the 11th, FD northwest Europe closed at US $1231-1231 / T and CIF northwest Europe closed at US $1182-1190 / T. The price of ethylene in the United States fell. As of the 11th, the price was 779-797 yuan / ton. Recently, the overall demand of the external ethylene market is poor, the market trading atmosphere is general, and the transaction is cold.

On the whole, the current market lacks obvious benefits, the downstream demand is not followed up, the market entry mentality is cautious, and the overall transaction atmosphere in the market is poor. Petrochemical enterprises reduce the ex factory price, the merchant mentality is pessimistic, and it is mainly to make profit and ship one after another. It is expected that the EVA market will continue to weaken in the short term.

According to the monitoring sample data of business society, as of November 12, the average price of melamine enterprises was 18400 yuan / ton, down 3.50% compared with Monday’s price and up 2.79% compared with October 12.

Melamine market fell this week. Recently, the price of raw urea has temporarily stabilized after falling, the cost support has weakened, the domestic downstream market demand is weak, the export market is mainly wait-and-see, the willingness to purchase is not high, the inventory of some enterprises is under pressure, and the focus of market negotiation has weakened under the weak demand support.

For upstream urea, the domestic urea market was temporarily stable on November 12, down 2.46% compared with the quotation on Monday. Upstream coal prices have fallen slightly recently and cost support has weakened. In terms of demand, the peak of agricultural demand has passed, sporadic fertilizer supplement in some areas, industrial demand is just needed, the demand for urea in downstream compound fertilizer and rubber plate plants is good, the operating load rate of melamine enterprises remains at a high level, and most of them follow up with the appropriate amount. In terms of supply, urea enters the centralized maintenance period, and the supply decreases. On the whole, the urea cost support is weakened, the downstream demand is weakened, and the urea supply is insufficient.

Melamine analysts of business society believe that at present, the cost support is limited and the weak demand restricts the market. It is expected that in the short term, the melamine market may be dominated by weak operation, and more attention should be paid to the guidance of market news.

Adipic acid East China market price trend chart

According to the monitoring of business society, this week (11.8-12), the price of domestic adipic acid fell, the market reversed the rise, and the high level fell mainly. Adipic acid in East China fell by 2.14% this week. The market price range of adipic acid at the weekend is 12700-13100 yuan / ton. The main reason is the weakening of cost drive, the resumption of production of enterprises and the increase of supply put pressure on the market.

In terms of market supply, the adipic acid operating rate increased significantly this week. After the restart of Shenma, Tianli hi tech and Tangshan Zhonghao units, it brought a certain supply increment. In addition, Chongqing Huafeng and Shandong Hongding units are also planning to start up, which further increased the market supply expectation. The market has changed from previous supply shortage to loose supply.

Adipic acid industry chain trend chart

The above figure shows that the adipic acid industrial chain showed a downward trend in the whole industrial chain on the premise that the cost end fell, the downstream was weak and the cost was continuously transmitted.

Trend chart of pure benzene Market

Cyclohexanone market trend chart

The prices of pure benzene and cyclohexanone fell this week, but the decline was small. Pure benzene is still at a relatively high level. According to the monitoring of business society, pure benzene fell slightly by 0.46% this week, cyclohexanone fell significantly by 1.97%, and the cost fell, weakening the price support of adipic acid. However, the manufacturer brought the improvement of profits, and the profits of adipic acid have increased for several consecutive weeks.

PA66 market trend chart

Terminal demand: according to the data of business society, PA66 continued to decline this week, with a decline of 1.25%. Downstream procurement slowed down and dealer prices loosened slightly. Adiponitrile has not improved much. The capacity loss claimed by large international manufacturers in the medium and long term is still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 production loads are forced to operate at a low level.

In the later stage, the business society believes that the prices of pure benzene and cyclohexanone have decreased recently, and the cost is bad. With the restart of the maintenance device, the overall supply of goods in the market is sufficient, and the supply pressure will continue to increase in the later stage. However, from the downstream demand side, the demand improvement is not obvious. Therefore, it is expected that adipic acid may still have downward space.