Last week (11.9-13), the domestic polysilicon price continued its recent downward trend, with domestic market and imported material prices falling to varying degrees. According to the monitoring of the business agency, polysilicon fell by 1.48% this week. The main reason is that with the increase of enterprise operating rate, the supply has changed into a loose pattern, but the demand has not increased significantly.

In the early stage of last week, the market trend of polycrystalline silicon continued in November. In terms of supply, at present, the operating rate of domestic polysilicon manufacturers has rebounded. Up to now, about 11 domestic polysilicon manufacturers have maintained about 3 maintenance or load reduction start-up. As of November 13 last week, another device has entered the maintenance period, and the market has not realized the supply change. Most of the enterprises in the lower reaches sign orders in recent 12 months, but the number of orders signed by most of the enterprises in the lower reaches of Xinjiang has gradually increased compared with the situation of large enterprises signing orders in the early stage. However, the number of orders signed by most enterprises in the lower reaches of Xinjiang is still on the high side, and the number of orders signed by most of the enterprises in the lower reaches is still on the high side. This mainly depends on the stability just needed at present. At present, the upstream and downstream enterprises of silicon materials have been in the process of price game, superimposed on the increase of Korean OCI source of goods to Hong Kong, resulting in the supply of both domestic and imported showed a rising trend. Therefore, the price of imported goods has also declined. According to the monitoring of the business agency, the domestic mainstream transaction price of polysilicon is 55000-58000 yuan / ton, and the non China price of polysilicon is 68000-70500 yuan / ton.

In the near future, the supply of polysilicon is relatively abundant, the upstream and downstream inventory is gradually consumed in the price game, the transaction is slightly slowed down in the process of the game, some silicon material enterprises are overstocked, and it is possible to reduce the price to remove inventory. It is expected that polysilicon will inevitably fall into the situation of relative excess supply in the later period, and the price will fall easily but not rise.

Note: the above price is tax inclusive

Price trend

According to the data monitoring of business club, DOP price of plasticizer rose sharply in November, and DOP price entered 8 times again. As of November 13, the DOP price was about 8383.33 yuan / ton, up 12.53% from 7450.00 yuan / ton at the beginning of the month (November 1).

Upstream market of industrial chain

As can be seen from the phthalic anhydride trend chart, the phthalic anhydride market rose sharply in November, up 10.35%. At the end of November, the price of phthalic anhydride soared and the cost of DOP rose sharply, which increased the driving force of DOP price rise.

It can be seen from the price trend chart of octanol that the price of octanol rose by 7.20% in November. The price of octanol rose sharply, the cost of DOP rose sharply, and the driving force of DOP increase.

Downstream market of industrial chain

It can be seen from the PVC price trend chart that the PVC price rose sharply in November, the PVC market rose by 6.25%, the PVC market rose and DOP demand rose, which was good for the plasticizer DOP market.

Market review and future expectation

In terms of raw materials and DOP, the raw material price rose sharply in November, DOP, the raw material price rose sharply. In general, DOP cost is rising, demand is rising, DOP price is soaring, and DOP price is expected to continue to rise.

1、 Price trend

According to the monitoring data of business agency, the price of domestic baking soda has declined. On November 9, the average price of the domestic market was 1690 yuan / ton, while on November 8, the average price in the domestic market was 1656.67 yuan / ton, and the price was reduced by 3.8%. On November 8, the bicarbonate commodity index was 116.59, flat with yesterday, 4.18% lower than 121.68 (2020-10-21), and 16.59% higher than 100.00, the lowest point on September 6, 2020. (Note: cycle refers to September 1, 2020 to now)

2、 Market analysis

According to the business club, the price of baking soda is weak. At present, the price of sodium bicarbonate in Henan Province is falling down, and the mainstream market quotation is about 1400-1500 yuan / ton, and the downstream demand is general. It is expected that the price will be slightly consolidated in the near future. The price of sodium bicarbonate in Hebei Province has been lowered, and the mainstream quotation in the market is about 1600-1700 yuan / ton, and the downstream is mostly purchased on demand.

As for raw materials, the domestic soda ash market is temporarily stable, the market atmosphere is light, the downstream manufacturers are cautious and wait-and-see attitude, and it is expected that the weak operation of soda ash in the later stage will be dominated.

In terms of the demand for medicine and baking soda, the demand for textiles and food was weak. According to the analysts of the business agency, the domestic soda ash market is temporarily stabilized, the market atmosphere is light, the downstream manufacturers are cautious and wait-and-see attitude is the main factor, and it is expected that the weak operation of soda ash will be the main trend in the later stage. The price of soda ash in East China has been stable for the time being. The mainstream market price of light soda ash is about 1700-1850 yuan / ton, while that of heavy soda ash is 1850-1950 yuan / ton. The market atmosphere is general. In terms of downstream, the demand for sodium bicarbonate in medicine, textile and food is not strong, and the transaction of sodium bicarbonate is general. It is expected that the price of sodium bicarbonate will be mainly weak and stable in the later stage.

1、 Price trend

The overall performance of PS market is relatively flat. In the general environment of weak demand, the market transaction is general, the downstream factories receive limited goods, the market is mainly wait-and-see, the actual operation is not much, and the trading atmosphere is flat.

2、 Market analysis

PS market trend is stable, Zhanjiang Sino US PS ex factory price, 525 quotation is 8300 yuan / ton. The ex factory price of CITIC Guoan PS is 7950 yuan / T. Dongguan PS (polystyrene) market rose and fell. Cost supply and demand side game, businesses follow the market operation, trading atmosphere is weak.

3、 Future forecast

PS downstream factories continue to purchase on demand, the overall transaction is not ideal. Merchants go with the market, trading slightly discount, PS market is expected to maintain a narrow consolidation pattern.

1、 Price trend

According to the business club’s big list data, the domestic toluene market continued to decline this week, and the decline was larger than last week. As of Friday, the average price in the domestic market was about 3310 yuan / ton, down 2.07% month on month.

2、 Analysis and comment

Affected by the drop in international crude oil prices, toluene prices fell this week. Sinopec’s enterprises in Central China will lower the listed price of toluene by 150 yuan / ton this week. Port inventory is high, and the pressure to go to the warehouse is not reduced. Market oversupply, downstream blending oil and solvent demand is general, price is weak, demand has not improved. At present, the mainstream price in East China is about 3250 yuan / ton. The future market will focus on the upcoming US election, the progress of a new round of economic stimulus plan launched by the United States, fluctuations in the US dollar index and the stock market, the geographical situation in the Middle East, the impact of OPEC + on crude oil supply, the impact of the continued deterioration of overseas epidemic situation on the demand for crude oil, the progress in the research and development of the new coronavirus vaccine, the global economic recovery, and the European and American economic recovery relief plan Progress.

Upstream, in terms of crude oil, the new crown epidemic situation in Europe and the United States has deteriorated sharply once again. Europe has strengthened its blockade and epidemic prevention, and the US stimulus plan negotiation has stalled, which has intensified the market’s worries about the decline in demand. Meanwhile, the active oil drilling platforms in the United States have increased for six weeks, and the crude oil production of OPEC member countries has also increased, which has also depressed the oil market atmosphere. The international oil price remained at the lowest level in five months on Friday. As of Friday, spot Brent fell $5.03/barrel to close at $36.205/barrel, down 12.2% from last week. In October, the international oil price fell for the second consecutive month, the decline was larger than that of the previous month, reaching about 10%, and hitting a new low of four and a half months.

Downstream, TDI continued a small decline trend this week, domestic goods implemented 15000 yuan / ton, Shanghai goods implemented 15500 yuan / ton. Expected short-term TDI market shock finishing. In the domestic and foreign markets, the latest price of Sinopec / CFR is about US $497 / FOB. It is expected that the short-term PX market will continue to decline.

3、 Future forecast

According to toluene analyst of chemical branch of business society: first look at the supply cost side, the implementation of OPEC + production reduction, the total number of American oil wells and EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the linkage between the US dollar index and the stock market, the progress in the research and development of the new crown vaccine, and the geopolitical situation in the Middle East and China and the United States. Next week, we will focus on the US general election, the progress of a new round of US stimulus measures, and the impact of dollar index and stock market volatility on the trend of crude oil. Overall, it is expected that toluene in the domestic market will fluctuate weakly next week.

Business agency: demand did not pick up, crude oil plummeted, and isomeric xylene fell this week (October 26 – November 1)

1、 Price trend

The domestic xylene market continued its downward trend this week, and the decline was larger than that of last week. As of Friday, the domestic average price was about 3370 yuan / ton, down 2.32% month on month.

2、 Analysis and comment

Xylene prices fell slightly this week. Sinopec’s enterprises in South China and central China will cut the price of xylene by about 100 yuan / ton this week. The port inventory is high. At present, the port inventory in East China is about 140000 tons, with an increase of 6000 tons compared with last week. The pressure to go to the warehouse is not reduced, the price is weak, and the demand has not improved. Market oversupply, downstream Px, gasoline blending demand is general. At present, the mainstream price in East China is about 3380 yuan / ton. The future market will focus on the upcoming US election, the progress of a new round of economic stimulus plan launched by the United States, fluctuations in the US dollar index and the stock market, the geographical situation in the Middle East, the impact of OPEC + on crude oil supply, the impact of the continued deterioration of overseas epidemic situation on the demand for crude oil, the progress in the research and development of the new coronavirus vaccine, the global economic recovery, and the European and American economic recovery relief plan Progress.

Upstream, in terms of crude oil, the new crown epidemic situation in Europe and the United States has deteriorated sharply once again. Europe has strengthened its blockade and epidemic prevention, and the US stimulus plan negotiation has stalled, which has intensified the market’s worries about the decline in demand. Meanwhile, the active oil drilling platforms in the United States have increased for six weeks, and the crude oil production of OPEC member countries has also increased, which has also depressed the oil market atmosphere. The international oil price remained at the lowest level in five months on Friday. As of Friday, spot Brent fell $5.03/barrel to close at $36.205/barrel, down 12.2% from last week. In October, the international oil price fell for the second consecutive month, the decline was larger than that of the previous month, reaching about 10%, and hitting a new low of four and a half months.

Downstream, in terms of PX market, the listed price of Sinopec’s enterprises in China this week was about 4450 yuan / ton, and the latest external price was about 499 US dollars / ton FOB Korea and 517 US dollars / ton CFR China. It is expected that the short-term PX market will continue to decline. In terms of PTA market, the market price has decreased significantly this week. The domestic PTA spot market price is about 3285 yuan / ton, and the external price is about 435 US dollars / ton CFR China. It is expected that PTA price will continue to decline next week. In terms of ox market, Sinopec quoted 4400 yuan / T of o-benzene, and the external price of o-benzene was about 543 USD / T FOB Korea and 570 USD / T CFR China. It is expected that the price of o-benzene will continue a stable trend next week.

3、 Future forecast

Xylene analysts of the chemical branch of the business society think: first look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil drilling and EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the linkage between the US dollar index and the stock market, the progress in the research and development of the new crown vaccine, and the geopolitical situation in the Middle East and China and the United States. Next week, we will focus on the US general election, the progress of a new round of US stimulus measures, and the impact of dollar index and stock market volatility on the trend of crude oil. Overall, it is expected that xylene in the domestic market will continue to decline next week.

Commodity index: on October 31, the polyacrylamide commodity index was 87.74, which was the same as yesterday, decreased by 18.10% from 107.13 (May 8, 2019), and increased by 5.85% from the lowest point of 82.89 on August 02, 2020. (Note: cycle refers to the period from April 1, 2019 to now)

The monitoring data showed that the price of polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) was stable in the last week of October. This month, the manufacturer’s production is normal, the price fluctuation is very small, the demand is not as good as polyaluminum chloride, and the transaction atmosphere is relatively peaceful. Domestic manufacturers of polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) this week, the quotation range is about 13800-14300 yuan / ton.

Industrial chain: upstream: at the end of August, the mainstream quotation of acrylonitrile was 8450 yuan / ton, at the end of September, it was about 8750 yuan / ton. In October, the quotation of acrylonitrile was raised several times, and the last week was about 9300 yuan / ton. At present, the main domestic manufacturers’ plant status: Fushun Petrochemical’s 92000 T / a acrylonitrile plant was shut down for maintenance on October 17, and it was postponed to the end of the month for restart and recovery. In October, Sinopec implemented 9000 yuan / ton of acrylonitrile settlement price in East China and 9050 yuan / ton in North China. The 260000 T / a acrylonitrile plant of Formosa Plastics Chemical Co., Ltd., located in Mailiao, will maintain full load operation in November. In addition, it is planned to shut down for maintenance for about four weeks from January 8, 2021. Japan Asahi Chemical Co., Ltd. implemented the price of acrylonitrile CP in November at 1300 USD / T. Downstream: in terms of the characteristics of the traditional sales season, the demand for sewage treatment downstream of water treatment should be increased this month. Up to now, the price of polyacrylamide has only increased by about 2% at the end of September. After that, the price has been basically stable, with few increases. This shows that the downstream demand is not as good as expected, but as far as the market is concerned, there are still a few manufacturers due to sales and sales The inventory situation and price have increased to a certain extent, and the relative range is not very large. The market expects that the heating season will come, and the environmental protection requirements will stimulate the demand for polyacrylamide, which will improve in the future.

Industry situation: since 2020, the prosperity of environmental protection water treatment industry has not recovered significantly. During the period from January Spring Festival holiday to February 20, relevant enterprises in main production areas stopped production and delayed to resume work. After February 20, the manufacturers in the main production areas gradually returned to work and production. In March, logistics returned to normal, mainly consumed inventory. In April, the manufacturers survived normally, and the raw material cost was partly reduced and the demand was weak, which led to the high inventory of manufacturers. On May 6, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials rose, the ex factory price of polyacrylamide did not change much, and there were more stocks; with the upstream propylene of acrylonitrile rising in the industrial chain relationship of “propylene PP melt blown cloth mask”, the production capacity of acrylonitrile manufacturers decreased this month, which directly led to the firm price of acrylonitrile. In July, the price of acrylonitrile was sharply reduced, and the cost of polyacrylamide was lowered. Some enterprises lowered the price of their products according to the trend, and then rebounded in the second half of the month. However, the prices of manufacturers did not change significantly. In fact, most manufacturers hoarded raw materials, and the cost of purchasing determined the price and cost. In August, acrylonitrile continued to rebound slightly, and then continued to stabilize. In September, it remained stable after a small shock, and the amplitude of the shock was insignificant, and the demand did not rise significantly. Although the prosperity of the industry increased in October, the price changes of different water treatment products were quite different. The ex factory price of polyaluminum chloride increased by 7% in September and October due to the rising prices of raw materials and fuels. Although the price of polyacrylamide raw materials also increased, the market price of polyaluminum chloride did not rise as much as that of polyaluminum chloride.

Aftermarket forecast: according to the analysis of business agency, due to the influence of market demand and environment, the production and sales of water treatment industry last month were relatively stable, and the price fluctuation was very small, basically close to stable; this month, the traditional golden sales period of “Jinjiu” was undertaken, and the price of polyacrylamide was increased to a certain extent at the end of last month and the beginning of this month. The coming of the follow-up heating season and the requirements of environmental protection and other aspects will continue to affect the market of water treatment products The price of polyacrylamide may rise steadily with some improvement; meanwhile, we should be aware of the impact of strict environmental protection requirements on the market due to the requirement of stopping production and rectification for some manufacturers.

1、 Price trend

According to the monitoring of the bulk data of the business agency, the mainstream price of styrene in China has risen sharply this week. On Monday (October 26), the price of sample enterprises of business agency was 6600 yuan / ton, and this Friday (October 30) was 7050 yuan / ton, an increase of 6.82%. The price fell by 7.64% compared with the same period last year.

2、 Market analysis

This week, styrene market prices rose strongly. On October 26, East China styrene closed at around 6600 yuan / ton, and 6900-7150 yuan / ton on October 30, with an increase of 500-600 yuan / ton, and the above is the price of Zhangjiagang. On October 26, South China styrene closed at 6550-6600 yuan / ton, and 6850-6900 yuan / ton on October 30, with an increase of 300 yuan / ton, and the price of the above factories was delivered.

In terms of raw materials, crude oil fell sharply this week, and styrene cost support collapsed. The price of pure benzene and ethylene fell slightly this week. On Thursday (October 29), the mainstream price of pure benzene was 3600 yuan / ton, down 25 yuan / ton or 0.69% from 3625.00 yuan / ton on Monday (October 26). Although styrene rose strongly, pure benzene was affected by the collapse of crude oil, and the high inventory of pure benzene, the fundamentals were weak, and the price rise of pure benzene lacked sufficient support. This week, pure benzene failed to continue the upward trend of last week, the market demand of pure benzene decreased, and the resistance of downstream enterprises to high pure benzene was strong, and the market atmosphere was negative. In addition, the external market of pure benzene continued to fall, the external news was also difficult to benefit the market, so the price fell.

In terms of ethylene, the mainstream ethylene quotation on Thursday (October 29) was 735.00 yuan / ton, down 15.5 yuan / ton or 2.04% from 750.50 yuan / ton on Monday (October 26). This week, the domestic ethylene plant operating rate remained high. Ethylene ships from the United States, South Korea and other regions successively arrived at Hong Kong, increasing the supply of ethylene market. However, the downstream demand weakened and the market focus continued to move down.

In terms of inventory, port styrene inventory decreased this week. The total inventory in East China this week was 237300 tons, down 2.14% from 242500 tons last week. In terms of domestic styrene, the domestic styrene operating rate this week was 85.51%, which was basically unchanged from 85.47% last week, maintaining a high level. In addition to the tight spot supply in South China, the supply of styrene in other regions was fair.

Downstream, styrene downstream overall operating rate is good this week, still maintain considerable production and marketing profits. In PS market, as of Thursday (October 29), the mainstream ex factory price of PS in East China was 7983.33 yuan / T, which was stable compared with last Friday. Although styrene rose strongly this week, the increase of purchasing gas in PS market was weak and the cost support was hopeless.

In the EPS market, as of Thursday (October 29), the mainstream ex factory price of EPS in East China was 7887.50 yuan / ton, flat compared with last Friday. The supply of EPS in East China market is still tight. Some factories are cautious in receiving orders. Downstream merchants are generally willing to buy goods. Some businesses are cautious and wait-and-see. The overall trading atmosphere is general.

In the ABS market, as of Thursday (October 29), the mainstream ex factory quotation of ABS in Zhejiang was 17500.00 yuan / ton, which was stable compared with last Friday. ABS prices remain high this week, supply side, petrochemical plant is still low inventory operation, ABS spot supply is tight. In terms of raw materials, the prices of styrene, butadiene and acrylonitrile have risen recently, and the cost support is strong. However, the downstream of the high price goods and passive a small number of follow-up, trading atmosphere has fallen, ABS prices high consolidation.

3、 Future prospects

In the later stage, the import source of goods arrived less, the terminal continued to reduce the warehouse, the domestic supply became tight, the downstream kept high load operation state, and the demand for styrene was strong. It is expected that styrene will be mainly concentrated in the next week.

According to the price monitoring of the business agency, the overall price of lithium carbonate in East China market in October was stable, and the quoted prices of enterprises were mostly stable. As of October 28, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton, which remained stable compared with the average price at the beginning of the month (the average price of industrial carbon in East China was 39500 yuan / ton on October 1). On October 28, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which remained stable compared with the average price at the beginning of the month (October 1: the average price of carbon in East China was 44200 yuan / ton). This month, the comprehensive price of industrial grade lithium carbonate is 36000-40000 yuan / ton, and the comprehensive price of battery grade lithium carbonate is between 40000-45000 yuan / ton.

According to the observation of market changes, the price of lithium carbonate has been in a stable situation after the end of the double festival holiday in October. Due to the slightly higher price quoted by enterprises in the early stage, although it is in a favorable state, the price is still stable. However, some enterprises have raised the price of lithium carbonate. The reason for the price increase is that the cost of lithium salt raw materials has increased recently, which leads to the upward trend of lithium carbonate price.

After that, with the increase of lithium iron phosphate end demand, the price of industrial carbon will have an upward trend. However, the current price of battery grade lithium carbonate is relatively low in the downstream, which makes the price in the state of continuous warming in the game. Recently, Australia’s Altura lithium mine has entered the “custody” state. This event will have a certain impact on the supply of raw materials, and will also drive up the cost of raw materials to a certain extent. As a result, downstream products will be transmitted by the rising prices of upstream raw materials.

The prices of the downstream lithium hydroxide Market and lithium iron phosphate Market are stable. There is no obvious fluctuation in the demand side of lithium hydroxide, and the price is basically stable. Domestic high nickel has no obvious impulse for the moment, and the supply side continues to output capacity, so the price is only stable at the cost line and below. Lithium iron phosphate downstream power, energy storage, small power market demand is good, iron lithium price is basically stable.

According to the lithium carbonate analysts of the business club, the supply and demand situation of domestic lithium market varies from place to place, and the situation varies slightly from place to place. Some salt factories in Sichuan are tightening up the delivery, and the transaction price may reach the quoted price, while the order quantity in other regions is relatively limited. It is expected that the price of lithium carbonate will show a slight upward trend in the near future, and there may be upward space in the fourth quarter under the transmission of cost rising pressure.

1、 Price trend

The price of calcium carbide in Northwest China rose slightly this week. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers in Northwest China rose from 2733.33 yuan / ton at the beginning of the week to 2766.67 yuan / ton at the end of the week, up 33.34 yuan / ton or 1.22%, down 2.58% from the same period last year. Overall, this week’s calcium carbide market rose slightly, the carbide commodity index on October 23 was 72.49.

2、 Trend analysis

According to the manufacturer’s quotation, the exfactory price of calcium carbide in Northwest China rose slightly this week: the carbide price of oviganeng was 2740 yuan / ton at the end of this week, which was temporarily stable compared with that at the beginning of the week; the price of carbide was 2760 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; the price of calcium carbide in Xingping of Ningxia was 2800 yuan / ton at the end of this week, which was 100 yuan / ton higher than that at the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2700-2800 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2740 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2780 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2750 yuan / ton, and the actual transaction price is mainly through negotiation.

From the calcium carbide upstream and downstream industry chain, upstream raw material market, orchid charcoal factory quotation this week temporarily stable. At present, the quotation of small materials is 650 yuan / ton, that of medium materials is 680 yuan / ton, and that of large materials is about 750 yuan / ton. The upstream raw material prices rose slightly and the cost support was good, which had a positive impact on the price of calcium carbide.

Downstream market, PVC factory price rose this week. The price of PVC increased by 0.72% from 6975.00 yuan / ton at the beginning of the week to 7025.00 yuan / ton at the end of the week, breaking through the 7000 mark. Compared with the same period last year, it increased by 5.56%. This week, PVC prices rose slightly, the market is good, downstream purchasing enthusiasm for calcium carbide, overall, PVC market this week has a positive impact on calcium carbide prices.

3、 Future forecast

In late October, calcium carbide market fluctuated slightly and rose mainly. The price of raw materials in the upstream rose slightly, which supported the price of calcium carbide better, while the price of PVC in the downstream rose slightly. The downstream customers had a good enthusiasm for purchasing calcium carbide. The later market forecast that the price of calcium carbide in Northwest China will rise slightly in late October.

1、 Price trend

The domestic xylene market fell slightly this week. As of Friday, the domestic average price was about 3450 yuan / ton, down 0.58% month on month.

2、 Analysis and comment

Xylene prices fell slightly this week. Sinopec’s enterprises in South China have lowered the price of xylene by about 50 yuan / ton this week. The port inventory is still high. At present, the port inventory in East China is about 134000 tons, down about 9000 tons compared with last week. However, there is still pressure to go to the warehouse, and the price is slightly weak. There has been a slight fluctuation in recent years, and there is no improvement. Market oversupply, downstream Px, gasoline blending demand is general. At present, the mainstream price in East China is about 3450 yuan / ton. The future market continued to pay attention to the fluctuation of the US dollar index and the stock market, the impact of the geopolitical situation in the Middle East on crude oil supply, the development of new crown vaccine, the impact of economic restart and recovery on crude oil demand, the global economic recovery and the progress of the European and American economic recovery rescue plan.

Upstream, crude oil, the recent crude oil market volatility is weak, this week international crude oil prices fell. As of Friday, spot Brent fell $0.415/barrel to close at $41.235/barrel, down 1% from last week. Analysts and traders are bearish on the outlook for crude oil next week, according to fx168′s weekly financial market survey released on Saturday (October 24). In addition, the world bank said in its latest half year commodity market outlook report that although energy prices have rebounded, they are expected to stabilize below the pre epidemic level. The average price of crude oil in 2021 is US $44 per barrel, higher than US $41 per barrel in 2020.

Downstream, in terms of PX market, the listed price of domestic Sinopec’s enterprises was about 4450 yuan / ton this week, and the latest external price was about 533 US dollars / ton FOB Korea and 551 US dollars / ton CFR China. It is expected that the short-term PX market will maintain a small fluctuation trend. In terms of PTA market, the market price dropped slightly this week. The domestic PTA spot market price is about 3450 yuan / ton, and the external price is about 446 US dollars / ton CFR China. It is expected that PTA price will maintain a small fluctuation trend next week. In terms of ox market, Sinopec quoted 4400 yuan / ton of o-benzene, and the external price of o-benzene was about 535 US dollars / ton FOB Korea and 560 US dollars / ton CFR China. It is expected that the price of o-benzene will continue to fluctuate slightly next week.

3、 Future forecast

Xylene analysts of the chemical branch of the business society think: first look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil drilling and EIA, API inventory data. Second, on the demand side, the impact of the second outbreak of global epidemic on crude oil demand, the progress of industrial chain recovery, the geopolitical situation in the Middle East and China, and the economic and trade situation in Europe and the United States. Third, look at the dollar index and stock market linkage. Next week, we will focus on the US general election, the progress of a new round of US stimulus measures, and the impact of dollar index and stock market volatility on the trend of crude oil. Overall, it is expected that xylene prices in the domestic market will remain weak and stable next week.