With the arrival of September, there are many favorable factors for dimethyl ether in the month, and the price has soared. At present, the price has risen to the highest point in three years. The market in Henan, the main production area, is only one step away from the 5000 yuan / ton mark. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 3562.50 yuan / ton on September 1 and 4857.50 yuan / ton on September 26. The increase rate in September was 36.35%, an increase of 93.01% compared with the same period last year.

As of September 26, the domestic market prices of dimethyl ether in various regions are as follows:

region Specifications date offer

Shandong region Mass fraction of dimethyl ether: ≥ 99.0% September 26th 5100 yuan / ton

Hebei region Mass fraction of dimethyl ether: ≥ 99.0% September 26th 5120 yuan / ton

Henan region Mass fraction of dimethyl ether: ≥ 99.0% September 26th 4870-4900 yuan / ton

It is obvious from the annual comparison chart that the overall trend of dimethyl ether has been strong since this year, and the current price has exceeded the new high in recent three years. In September this year (2021), the domestic dimethyl ether market rose rapidly. Taking Henan xinlianxin as an example, the ex factory quotation of Henan xinlianxin dimethyl ether was 3560 yuan / ton on September 1 and 4870 yuan / ton on September 27. The cumulative increase in the month was 1310 yuan / ton. The rise was strong, and the price was close to the 5000 yuan / ton mark.

The dimethyl ether market rose sharply this time, mainly from the raw material methanol market. Affected by the dual control policy, the supply in the mainland is limited, the inventory of enterprises is reduced, the price of thermal coal has hit a record high again, and the methanol cost support is obvious. In addition, the methanol supply in Northwest China and other places has shrunk, the methanol production cost support is obvious, and the futures and spot have risen hand in hand. Under the influence of the policy, the supply of goods in the mainland is limited, and the downstream goods preparation is more active before the national day. The downstream strong goods preparation operation synchronously supported the sharp rise of the market, and mainland traders did not dare to be bearish under the logic of cost promotion. Under the high coal price, methanol cost support is still obvious.

On the other hand, the civil market of liquefied gas also ushered in a sharp rise in September. The price of the civil market of liquefied gas rose again and again under multiple favorable factors such as the arrival of the traditional peak sales season, the strong rise of international crude oil and the low market supply. With the positive support of the upward movement of raw methanol and civil gas, the dimethyl ether market rose with the adjustment, and the mentality of buying up but not buying down in the downstream, the market entry was more positive. However, in terms of demand, although the traditional peak demand season in September has come, the current terminal demand improvement is limited, which restrained some of the increase.

In the methanol market, as of September 26, the negotiated price in the methanol market in southern Shandong reached 3450 yuan / ton, the nearby factory offered cash exchange, Linyi received the local goods to negotiate the price to 3350-3400 yuan / ton and sent it to cash exchange, and the logistics offer is not available yet. The trading situation remains to be observed. The negotiated price of methanol market in central Shandong is stable at 3400-3420 yuan / ton and delivered to spot exchange. The price of local methanol factory in central Shandong is stable at 3500 yuan / ton, and the factory provides spot exchange. The transaction is OK. The transaction of methanol market in Dongying, Shandong Province is up to 3370-3380 yuan / ton and sent to cash exchange. The transaction is limited for the time being. The methanol market in Henan Province was adjusted in a narrow range, and the on-site trading was acceptable. The bidding transaction of main enterprises in Henan is accepted at the factory of 3330-3335 yuan / ton, which is equivalent to the cash withdrawal exchange rate of 3300-3305 yuan / ton; Luoyang market offer refers to 3270-3300 yuan / ton of cash out of the tank.

After the Mid Autumn Festival, the cost of methanol and liquefied gas civil market continued to rise, which significantly supported the dimethyl ether Market. The manufacturer’s mentality was relatively strong, and the rise of dimethyl ether continued. However, at present, the terminal demand is generally improved, the downstream has limited ability to accept high prices, has a cautious attitude, and its enthusiasm for entering the market is weaker than that in the early stage. There is also the upcoming National Day holiday, and some manufacturers have warehouse discharge demand before the festival. Generally speaking, the dimethyl ether market will be consolidated in the short term or at a high level, and we still need to pay attention to the change of raw material methanol.

Recent price trend of isooctanol

As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell this week. This week, the average ex factory quotation price of isooctanol mainstream in Shandong fell from 16333.33 yuan / ton at the beginning of the week to 15366.67 yuan / ton at the end of the week, a decrease of 5.92%, a year-on-year increase of 107.19% compared with the same period last year. Overall, the isooctanol market fell this week, and the isooctanol commodity index was 112.99 on September 24.

The downstream demand is weakened and the supply of isooctanol is tight

From the manufacturer’s quotation, the ex factory quotation of mainstream isooctanol manufacturers in Shandong fell this week: Jianlan chemical stopped isooctanol unit for maintenance this week; The quotation of isooctanol of lihuayi this weekend is 15200 yuan / ton, which is 1000 yuan / ton lower than that at the beginning of the week; Hualu Hengsheng offered 15500 yuan / ton of isooctanol this weekend, down 900 yuan / ton compared with the beginning of the week.

From the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isooctanol fell slightly this week. The quotation fell from 8071.33 yuan / ton at the beginning of the week to 8059.00 yuan / ton at the end of the week, down 0.15%, up 7.95% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly, which had a negative impact on the price of isooctanol due to the impact of supply and demand.

In the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. DOP quotation decreased from 13950.00 yuan / ton at the beginning of the week to 13700.00 yuan / ton at the end of the week, a decrease of 1.79%, an increase of 88.53% over the same period last year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.

Weak demand and bearish outlook

In late September, the market trend of Shandong isooctanol may fluctuate slightly. On the whole, in the recent overhaul of some isooctanol units, the overall operating rate of the isooctanol industry decreased slightly, but the upstream support is limited, the downstream market is general, and the demand is weakened. Therefore, the isooctanol analysts of business society believe that the domestic isooctanol market may fluctuate slightly in late September.

1、 Price trend

According to the bulk list data of business society, the average price of domestic liquid caprolactam was 15500 yuan / ton on September 14 and 16000 yuan / ton on September 24. The price of caprolactam increased by 3.23%.

2、 Market analysis

Due to the good cost and demand of raw materials in the early stage and tight supply, the price of caprolactam continues to rise. Costs fell this week and the market began to stabilize. As of September 24, the price of Sinopec caprolactam liquid was 16000 yuan / ton. The price of Baling Hengyi caprolactam liquid is 14900 yuan / ton, 450000 tons / year. The unit is started normally and delivered after acceptance. The price of caprolactam liquid of Baling Petrochemical is 16000 yuan / ton, 300000 tons / year. The unit is started normally and delivered after acceptance. Shandong Luxi Chemical caprolactam liquid price is 16000 yuan / ton, and the manufacturer’s production capacity is 300000 tons. The actual transaction can be negotiated.

Last week, affected by the epidemic and typhoon, the arrival of pure benzene in Hong Kong was delayed, the port inventory decreased sharply, the spot supply in East China was tight, which stimulated the active purchase in the downstream, and the market speculation was strong. In the later stage, the downstream operating rate decreased significantly. In addition, in the early stage, the reserve of downstream pure benzene was relatively sufficient, and the downstream resistance to high priced pure benzene increased and the follow-up weakened. The market buying enthusiasm fell, and the pure benzene market fell.

3、 Future forecast

The caprolactam analyst of business society believes that at present, the downstream enterprises lack follow-up to caprolactam due to dual control, and the confidence in the field is poor. Raw material pure benzene fell again, and the supply of caprolactam was tight. It is expected that the caprolactam market trend will be stable in the short term.

Trade name: acetic acid

Latest price (September 22): 8050.00 yuan / ton

Key points of analysis: according to the monitoring of bulk data of business society, the acetic acid market continued to rise. On September 22, the price of acetic acid was 8050 yuan / ton, an increase of 1000 yuan / ton compared with the previous working day, with a single day increase of 11.03%. After the Mid Autumn Festival, there was no improvement in the start-up of domestic acetic acid plants. The acetic acid plants of manufacturers in North China and Northwest China were shut down for maintenance, the production of limited films in Shandong and Jiangsu was reduced, and the acetic acid plants of many factories in the field were shut down for maintenance or limited production. The enterprise inventory was tight, the supply of goods in the market continued to be tight, and the traders had a strong attitude, which promoted the market atmosphere, The quotation of acetic acid enterprises continued to rise.

Future forecast: the supply of acetic acid in the domestic market is tight, the price continues to be high, the downstream purchase is rational, and it is difficult to make up for the supply gap in the field in a short time. It is expected that the future market will be strong, and specific attention will be paid to the downstream transaction.

1、 Price dynamics:

The quotation of Shijiazhuang Refining & Chemical Co., Ltd. is 5450 yuan / ton, and that of Qilu Petrochemical Co., Ltd. is 5450 yuan / ton,

Yangba offers 5700 yuan / ton,

Guangzhou Petrochemical offers 5500 yuan / ton,

Changling refinery offers 5800 yuan / ton,

Shandong Jingbo Petrochemical offers 5850 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the United States lifted travel restrictions on tourists from 33 countries; Oil and gas production in the Gulf of Mexico has not fully recovered; The market is worried about the tight supply caused by the continued decline of U.S. crude oil inventories.

During the festival, the atmosphere of toluene market was light. The market lacks favorable guidance, and the toluene market continues to be weak after the festival.

Domestic cobalt prices stopped falling and rebounded

According to the data monitoring of business agency, the domestic cobalt price stopped falling and rebounded on September 17, and the domestic cobalt market recovered. On September 17, the cobalt price was 374800.00 yuan / ton, an increase of 1000 yuan / ton or 0.27% compared with the cobalt price of 373800.00 yuan / ton on September 16 of the previous trading day; Compared with the cobalt price of 379666.67 yuan / ton on September 13, it decreased by 1.28%. Domestic cobalt prices stopped falling and picked up over the weekend.

On September 17, the international cobalt price rose sharply

Category specification minimum price Rise and fall Highest price Rise and fall Company

Standard grade cobalt twenty-four point four five zero point two twenty-five zero point two five USD / lb

Alloy grade cobalt twenty-four point four five zero point two twenty-five zero point two five USD / lb

It can be seen from the data released by LME market that the closing price of LME cobalt rose sharply on September 17, and the international cobalt market recovered, which was good for the domestic cobalt market. As can be seen from the trend of MB cobalt price, the price of MB cobalt rose on September 17, and the international cobalt market rose, which was good for the domestic cobalt market. Overall, the rise of the international cobalt Market stimulated the recovery of the domestic cobalt market.

Market Overview

Bai Jiaxin, a data analyst of business agency, believes that the international cobalt price rose on September 17, and the international cobalt market recovered, stimulating the recovery of the domestic cobalt market. This week, the cobalt salt price stopped falling and picked up, the cobalt salt market warmed up this week, the downward pressure on the domestic cobalt Market weakened, and the overall market recovered. The sharp rise of international cobalt price on September 17 stimulated the re rise of domestic cobalt price.

1、 Price trend

According to the bulk list data of business society, the domestic glycine market operated smoothly this week, and the average price of industrial glycine was stable at 25000 yuan / ton without rise or fall.

2、 Analysis and review

According to the price chart of the business club, the domestic glycine market has stabilized at a high level, and the price of industrial glycine is 25000 yuan / ton. It is understood that the enterprise mainly comes to customers, and the supply of goods is tight. The downstream demand is mainly rigid demand, and the demand situation is acceptable. With the support of demand, the price of glycine is strong and the industry profit is considerable.

Demand: the price of glyphosate in the downstream has increased significantly, and the price of glyphosate technical drug continues to break through a new high. It is understood that glyphosate enterprises have stopped production due to the impact of hurricanes abroad, the foreign supply gap has increased, most domestic glyphosate enterprises have stopped reporting, and the price of glyphosate has risen to 55000 yuan / ton.

3、 Future forecast

Glycine analysts of business society believe that the downstream glyphosate price rises again. As the main raw material for glyphosate production, if glyphosate maintains the rise, it is expected that the glycine price will rise further in the short term.

According to the data monitored by the business society, as of September 15, the average price of domestic power type high-class lithium iron phosphate was 60000.00 yuan / ton, rising in the upstream, rising in the market price of lithium iron phosphate, high focus of negotiation, normal inventory, just in need of procurement in the downstream, and cautious transaction atmosphere.

The lithium iron phosphate Market is dominant in a narrow range, the upstream cost support is strong, all the way up, the rise is not reduced, the focus of negotiation is high, lithium iron phosphate keeps pace, the narrow range up, and the transaction atmosphere is strong. At present, the mainstream quotation range of lithium iron phosphate power type is RMB 60000-62000 / ton, and the quotation range of energy storage lithium iron phosphate is RMB 55000-60000 / ton. The market price of lithium iron phosphate runs up, Strong trend in the short term.

The upstream lithium carbonate rose rapidly, and the rising range continued to increase. For several consecutive weeks, the prices of lithium carbonate enterprises increased significantly. The lithium carbonate commodity index: on September 14, the lithium carbonate commodity index was 359.24, up 5.1 points from yesterday, down 11.32% from the highest point 405.10 in the cycle (2018-01-07), and up 264.56% from the lowest point 98.54 on October 16, 2014. (Note: the period refers to the period from September 1, 2011 to now).

Analysts of lithium iron phosphate in business society believe that lithium iron phosphate is expected to rise steadily in the short term. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

Adipic acid market trend chart

According to the monitoring of business society, this week (9.6-10), the price of domestic adipic acid decreased slightly, and the price of adipic acid continued to decline in mid and late August. This week, the market continued its previous decline. Fundamentals in addition to the negative impact of falling costs, weak demand is also the main factor restricting the power of the market. According to the monitoring of business agency, adipic acid in East China decreased by 0.97% this week, slightly slower than that of the previous week. At present, the price range of adipic acid is 10200-10400 yuan / ton.

In terms of market supply, adipic acid manufacturers’ devices were generally normal and maintained a high operating rate this week. With the release of the restart news of Dafeng and Taihua devices, the market performance was more depressed. Although the manufacturer’s inventory pressure was normal, the current market demand was still weak, and the delivery speed of enterprises decreased significantly, which exacerbated the concerns of market supply. From the perspective of dealers, although the manufacturer’s inventory pressure is balanced, the market inventory pressure is still large. The market is in the process of de inventory, and some dealers mainly sell goods at a profit.

Trend chart of pure benzene Market

In terms of cost, crude oil rebounded over the weekend, and pure benzene has been rising since September. According to the monitoring of business society, pure benzene increased by 4.58% this week. The favorable cost did not bring a fundamental boost to adipic acid. The market is still tepid, which also led to the sharp compression of the manufacturer’s profit space.

PA66 market trend chart

Terminal demand: from the perspective of downstream PA66 of adipic acid, the price of PA66 began to rise from the end of August, with an increase of 0.7% this week. The cost of downstream products pushed up, but it does not mean that the demand improved. The main reason is still the equipment maintenance of major manufacturers and the price inflation effect caused by the shortage of supply. Therefore, adipic acid added in the middle did not enjoy the dividend of upstream and downstream price rise.

In the later stage, the business society believes that with the rise of costs, the cost transmission effect will gradually transfer to the downstream. At present, the profit of adipic acid is very thin. It is expected that the manufacturers will support the price one after another in the later stage, and the space to continue to decline may be limited.

The price trend of domestic refined oil has risen sharply in the past three days. The price of domestic 92# gasoline is 7792.4 yuan / ton, up 5.71%; The price of domestic 0# diesel oil was 6684.4 yuan / ton, an increase of 6.42%. At weekends, some manufacturers raised the ex factory price of refined oil one after another. The main factor was the inspection of local refining production units, the lack of diesel resources in the river, the limited stop of distribution in major oil depots, and the price of refined oil soared.

The price trend of gasoline and diesel in Shandong increased sharply, and the overall trading atmosphere was acceptable. Shandong local refining manufacturers exceed the balance of production and sales, and have a strong willingness to continue to rise in prices. Middle and downstream customers operate with low inventory for a long time, demand for inventory and replenishment, and actively prepare goods under the stimulation of buying up mentality. In addition, affected by the traditional peak demand season of “golden nine and silver ten”, the price of refined oil rose sharply. Entering the “golden nine” peak season, industries such as engineering and infrastructure are actively catching up, and the logistics and transportation industry is also active. The demand for diesel continues to improve, and the price trend of diesel in the field is rising; In terms of gasoline, the Mid Autumn Festival and National Day holidays are approaching, the travel intention is increasing, and the demand for gasoline also has room to improve. On site operators prepare goods in advance, the recent refining and shipment is smooth, and the price of steam and diesel continues to rise. In addition, according to the inspection of local refining production units, there is a lack of diesel resources in the river, the limited delivery of major oil depots is stopped, and the storage of terminal customers is low. In addition, the goods are actively prepared before the double festival, and the consumption buying mentality is biased. The refining oil price has risen sharply in the past three days.

Crude oil: international oil prices rose on Friday. The settlement price of the main contract of WTI crude oil futures in the United States was US $69.72/barrel, up US $1.58 or 2.3%, and the settlement price of Brent crude oil futures was US $72.92/barrel, up US $1.47 or 2.1%. The hurricane led to the decline of oil and gas supply in the Gulf of Mexico. At present, it will take some time to recover. The tight supply in the United States led to the rise of oil prices. In addition, the data show that the decline of U.S. commercial crude oil inventory last week was less than the market expectation, gasoline inventory decreased sharply, and the positive inventory data supported the rise of oil price. The rise of crude oil market price has a certain positive impact on the domestic refined oil market, but the sharp rise of oil price is mainly caused by the contradiction between supply and demand.

Supply and demand of refined oil: Recently, the operating rate of Shandong refinery is normal, but the supply in the South has declined, and the transformation of oil depots in some areas is an important reason for the shortage of local resources. In terms of gasoline demand, the Mid Autumn Festival and the National Day are approaching. Some operators need to store in the city for replenishment. The main business units have a strong attitude of supporting prices, and the gasoline price has increased, but the increase is not large. In terms of diesel, with the high temperature weather and the end of the fishing moratorium, the demand for diesel terminal is improving. In addition, the operating rate of domestic industrial, mining and infrastructure projects is high, and the demand for diesel gradually recovers. There is a certain optimistic mood among downstream operators. Affected by the expected increase in demand, the price of domestic refined oil continued to rise.

Chen Ling, a refined oil analyst at business society, believes that under the background of the slowdown of economic recovery, China’s investment in oil reserves will continue to affect the oil market in the medium and short term, and the output affected by the hurricane in the United States is also difficult to offset the impact of the epidemic on demand. In the short term, there is still uncertainty in the crude oil market, the current domestic market supply and demand and market news, The shortage of diesel resources in some areas is still possible to continue. In addition, the approaching of the double festival brings good expectations, the terminal demand for gasoline has increased, and there is still room for rise in the price trend in the later stage of the festival.