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.