According to the monitoring data of business society, as of December 3, the average ex factory price of domestic industrial grade propylene glycol was 17633 yuan / ton. Compared with the price on November 28, 2021 (the reference price of propylene glycol was 18600 yuan / ton), the average price was reduced by 967 yuan / ton, a decrease of 5.20%.

It can be seen from the data monitoring chart of the business society that at the end of November, the domestic propylene glycol market temporarily operated stably. In this week, due to the lack of downstream demand, the trading atmosphere in the propylene glycol field was general, and the follow-up of new orders was poor. From the beginning of the week (November 29), the focus of the domestic propylene glycol market continued to move downward, and the offer prices of propylene glycol factories also decreased one after another, There was a strong wait-and-see mood in the downstream. By the middle of the week (December 1), the average ex factory price of domestic propylene glycol fell to 17933 yuan / ton, a decrease of 3.58% in two days. Subsequently, the propylene glycol market was weak and deadlocked, the market atmosphere was flat, and the new downstream single atmosphere was weak, which was difficult to give effective support to propylene glycol. On the 3rd, the quoted price of propylene glycol factory was lowered again, with a reduction range of 200-300 yuan / ton, and the average price was 17633 yuan / ton, a decrease of 5.20% during the week. At present, the atmosphere in the propylene glycol venue is still cautious, and the overall transaction is limited.

In terms of index, the propylene glycol commodity index on December 2 was 229.91, unchanged from yesterday, down 26.30% from the highest point 311.97 in the cycle (2021-10-27), and up 129.91% from the lowest point 100.00 on September 2, 2020. (Note: the period refers to the period from September 1, 2020 to now)

In terms of upstream propylene oxide, this week, after the domestic propylene oxide Market in Shandong increased slightly, it operated stably, the factory inventory was temporarily controllable, the downstream follow-up was slightly insufficient, and the procurement enthusiasm was general. According to the monitoring data of business agency, as of December 3, the average ex factory price of propylene oxide in Shandong was 14600 yuan / ton. Compared with the beginning of this week, the average price increased by 367 yuan / ton, an increase of 2.58% during the week.

Future trend analysis

At present, the raw material cyclopropane market operates stably, the cost support is stable, and the downstream unsaturated resin and polyether users mainly digest raw materials, and the demand is still cautious. The propylene glycol data division of business society believes that in the short term, the domestic propylene glycol market will continue to be weak and downward, and more attention needs to be paid to the specific changes at the supply and demand side.

This week (11.29-12.3), the domestic ethyl acetate market continued to decline and the decline deepened. According to the monitoring of business society, the weekly decline of ethyl acetate was 2.11%, mainly due to the continuous decline of raw material acetic acid price, which dragged down the downstream ethyl acetate Market. In addition, the quotations of major domestic manufacturers continued to decline during the week, the starting price of Yankuang auction was repeatedly reduced, and the transaction price was not ideal. The weekend price is in the range of 9000-9400 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 acetic acid price further lowered the focus of downstream ethyl ester trading.

From the above figure, the price comparison chart of acetic acid and ethyl acetate shows that in late November, the curve crossed, and the decline of ethyl acetate was slower than that of upstream acetic acid, indicating that the profits of ethyl acetate manufacturers continued to improve.

In addition, from the perspective of ethyl acetate supply, the overall supply of ethyl acetate was sufficient this week, and the inventory of large domestic factories was still high. In order to reduce the pressure of inventory arrangement, the main large factories lowered their prices repeatedly. The range is 200-300 yuan / ton. Social inventory pressure is also high, mainly due to the weak downstream demand caused by the seasonal off-season.

From the demand side, the domestic downstream demand for acetic acid has not improved much this week. Some downstream industries have entered the traditional off-season, and the superposition of environmental protection policies has affected some downstream purchase demand. Ethyl acetate only maintained the just needed shipment, and the delivery speed of the manufacturer further slowed down.

In the future, ethyl acetate analysts of business society believe that the recent cost acetic acid market may continue to be negative, especially affected by the off-season demand, the short-term short-term pattern of supply and demand remains unchanged, and the price of ethyl acetate is expected to remain at the bottom.

Adipic acid East China market price trend chart

According to the monitoring of business agency, this week (11.29-12.3), the price of adipic acid in China decreased slightly, and adipic acid in East China decreased by 0.31% this week. The market price range of adipic acid at the weekend is 12500-13100 yuan / ton. The main reason is that the cost continues to fall, the supply increases and the demand is low.

In terms of market supply, adipic acid operating rate continued to increase this week, and the overall operating rate has increased from less than 60% last month to about 65% at present. This week, the utilization efficiency of Shenma and Jiangsu Haili units was improved, which brought a certain supply increment. At the same time, Chongqing Huafeng unit has also been restarted this week, and the supply is recovering. The expected increase in supply has brought a negative atmosphere, and the market supply performance is relatively loose.

Adipic acid industry chain trend chart

The above figure shows that the adipic acid industrial chain is still weak this week, especially the price of upstream products has decreased significantly, and the downstream PA66 has also decreased strongly. On the premise of continuous decline at the cost end, weakness at the downstream and continuous cost transmission, the whole industrial chain has the power to continue to decline, but the decline of adipic acid is obviously weaker than that at the upstream and downstream, and the profits at the enterprise end are still relatively considerable.

Trend chart of pure benzene Market

Cyclohexanone market trend chart

The prices of pure benzene and cyclohexanone fell this week, but the decline was larger than last week, especially cyclohexanone. According to the monitoring of business society, cyclohexanone fell by 5.19% this week. Cyclohexanone is oversupplied, manufacturers’ inventory pressure is too high, and the price continues to decline. Pure benzene fell by 2.02% this week. The decline in cost weakens the price support of adipic acid, but the manufacturer has improved the profit. At present, the profit of adipic acid remains at a high level.

PA66 market trend chart

Terminal demand: according to the data of business agency, the domestic PA66 market fell in early December, and the spot price of individual brands decreased significantly. As of December 3, the ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 38500 yuan / ton, with a weekly decline of 1.54%. At present, the operating rate of the industry is basically unchanged compared with the previous period. Mainly affected by the slowdown in demand, buyers took the goods slowly, sellers’ confidence weakened, and the offer decreased. The short downstream is the root cause of the weak adipic acid price.

In the later stage, the business society believes that in the near future, both cost and supply and demand are bad for the adipic acid market, the price of raw materials is lower, and the supply is affected by the expected warming of plant restart. In the later stage, there may be oversupply, and adipic acid is expected to fall in the near future.

Recent urea price trend

As can be seen from the above figure, the domestic urea price first rose and then fell this week. The quotation first rose from 2475.00 yuan / ton last weekend to 2504.00 yuan / ton on November 30, an increase of 1.17%, and then fell to 2498.00 yuan / ton at the weekend, a decrease of 0.24%, a year-on-year increase of 37.50%. Overall, the urea market has twists and turns this week and has a downward trend over the weekend. On December 5, the urea commodity index was 116.19, unchanged from yesterday, down 19.63% from the highest point of 144.57 in the cycle (2021-10-26), and up 108.97% from the lowest point of 55.60 on August 17, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The cost support is weakened, the downstream demand is general, and the urea supply is insufficient

From the manufacturer’s quotation, the mainstream ex factory price of domestic urea increased slightly this week. Zhangzhou San’an urea quoted 2750 yuan / ton this weekend, which was temporarily stable compared with last weekend; Shandong Ruixing urea quoted 2450 yuan / ton this weekend, which was temporarily stable compared with last weekend; Hualu Hengsheng urea quoted 2480 yuan / ton this weekend, up from last weekend.

From the upstream and downstream industrial chain data, the upstream products of urea fell slightly this week as a whole: the price of liquefied natural gas fell sharply, and the quotation fell from 7363.33 yuan / ton last weekend to 6383.33 yuan / ton this weekend, a decrease of 13.31%, a year-on-year increase of 51.98% compared with the same period last year; The price of thermal coal was temporarily stable, with a quotation of 1085.00 yuan / ton, a year-on-year increase of 66.35% over the same period last year. The price of liquid ammonia increased slightly. The quotation increased from 4380.00 yuan / ton last weekend to 4630.00 yuan / ton this weekend, an increase of 5.71%, up 46.21% year-on-year compared with the same period last year. The price of melamine in the downstream of urea fell slightly this week, and the quotation fell from 17200.00 yuan / ton last weekend to 16126.67 yuan / ton this weekend, a decrease of 6.24%. On the whole, the upstream and downstream industrial chain of urea is down as a whole, which has a negative impact on the price of urea.

In terms of demand, agricultural demand increased slightly at the end of the month, while industrial demand was mainly on the sidelines. The promotion of winter storage of chemical fertilizer was accelerated, large urea purchase orders began to appear in the downstream compound fertilizer plant at the end of the month, the inventory of melamine enterprises was under pressure, and the focus of market negotiation was weakened. From the perspective of supply: the gas price of gas head enterprises increases, the maintenance increases, and the urea supply decreases. On the whole, the cost support of urea is strengthened, the downstream demand is better, the urea supply is insufficient, and the future urea mainly rises slightly.

The future price of urea is bearish

In the first ten days of December, the domestic urea market may fluctuate and fall slightly. Urea analysts of business society believe that at present, urea has entered the centralized maintenance period and the supply is tight, but the promotion of winter storage of chemical fertilizer is slow, the prices of upstream natural gas and coal have decreased slightly, the cost support is insufficient, and the future urea market price may fluctuate and fall slightly.

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.