On October 16, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on the 16th, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli petrochemical plant was put into operation, and other units were temporarily stable. As the new plant was put into operation, domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On October 15, the closing price of p-xylene market in Asia dropped by 5 US dollars / ton, and the closing price was 780-782 US dollars / ton fob in South Korea and 800-802 US dollars / ton CFR in China. Over 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

On October 15, WTI crude oil futures market in the United States fell to 52.81 U.S. dollars / barrel, or 78 U.S. dollars, while Brent crude oil futures fell to 58.74 U.S. dollars / barrel, or 61 U.S. dollars. According to the OPEC October oil market report, the crude oil output of 14 OPEC countries in September was about 28.49 million barrels / day, or 1318 tons / day, mainly due to Saudi Arabia’s ala. However, crude oil production in Angola and Congo increased. In September 2019, OPEC crude oil accounted for 0.8% of the total global output, down to 29.3% from the previous month. The crude oil price fell, which had limited cost support impact on downstream petrochemical products, and the domestic p-xylene price trend was stable. In recent years, the textile industry market is volatile, the PTA Market operating rate is declining, and the PTA price trend is slightly lower. The average price of the offer in East China is about 5000-5100 yuan / ton. As of 15 days, the domestic PTA operating rate is about 87.3%, and the polyester industry operating rate is about 89.5%. Due to the sufficient supply in PTA field and the general transaction atmosphere, the purchase is dominated by traders, followed by sporadic polyester factories, which are affected by the original oil price. The price of PTA in the downstream market is slightly lower due to grid shock, and it is expected that PX market price will maintain 6800 yuan / ton in the short term.

On October 15, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on the 15th, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli Petrochemical was put into operation, and other units were temporarily stable. As the new plant was put into operation, the domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On October 14, the closing price of p-xylene market in Asia dropped by 8 US dollars / ton, and the closing price was 785-787 US dollars / ton fob in South Korea and 805-807 US dollars / ton CFR in China. More than 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

On October 14, WTI crude oil futures market in the United States fell to $53.59/barrel, down $1.11, while Brent crude oil futures fell to $59.35/barrel, down $1.16. According to OPEC’s October oil market report, the crude oil output of 14 OPEC countries in September was about 28.49 million barrels / day, down 1318 tons / day, mainly Saudi Arabia ala. Production declined in Burma and Iraq, but crude oil production increased in Angola and Congo. In September 2019, OPEC crude oil accounted for 0.8% of the total global output, down to 29.3% from the previous month. The rise of crude oil price has cost support impact on downstream petrochemical products, and the domestic p-xylene price trend is stable. In recent years, the textile industry market has been volatile, PTA Market operating rate has declined, PTA price trend has been volatile, the average price of offer in East China is around 5100-5200 yuan / ton, and the domestic PTA operating rate is about 87.3% as of the 14th day, and the polyester industry operating rate is about 89.5%. Due to the sufficient supply in PTA field and general transaction atmosphere, traders are the main buyers, sporadic polyester factories follow up, and crude oil price shocks. The downstream PTA market price remains low, and it is expected that the PX market price will maintain 6800 yuan / ton in the short term.

On October 13, the phthalic anhydride commodity index was 66.67, unchanged from yesterday, down 44.50% from the cyclical peak of 120.13 points (2012-02-28), and up 37.69% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has slightly declined, the market price of phthalic anhydride in eastern China has declined, downstream factories have just needed to purchase, the inventory pressure of factories has increased, high-end transactions have been blocked, recent inventories of factories have increased, and the market price of phthalic anhydride has declined. In East China, the mainstream of neighbouring-method supply negotiations is 6800-7100 yuan/ton, naphthalene-method supply negotiations is 6200-6500 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6700-6900 yuan/ton, most manufacturers in the field price callback, downstream start-up is not high, on-demand procurement is dominant, wait-and-see mentality is strong, domestic phthalic anhydride plant runs steadily, phthalic anhydride spot supply is sufficient, and phthalic anhydride downstream demand Unfortunately, demand for phthalic anhydride has decreased, and the price trend of phthalic anhydride has slightly declined.

Recently, the price of domestic phthalic anhydride upstream product, Sinopec o-phthalic anhydride, is 6,900 yuan/ton. As a result of the restart of repair facilities of some domestic o-phthalic manufacturers, the supply of goods in the field has increased, the import market of o-phthalic anhydride in the port area has declined, the quotation has fallen, the recent market of o-phthalic anhydride in the port has declined, the stock of the port is low, the quotation of o-ph Affected by the drop in the price of phthalic anhydride, the market price trend of phthalic anhydride continued to decline. DOP prices downstream oscillation, isooctanol prices fell, DOP costs fell. DOP price is in shock, DOP downstream demand is normal, customer purchasing enthusiasm is general, downstream PVC market volatility is declining, DOP high-end transaction is blocked, DOP mainstream transaction price is 7700-8000 yuan/ton, downstream price trend is volatile, and phthalic anhydride market price is expected to fall slightly later.

Price Trend

Taking rutile titanium dioxide with sulphuric acid process as an example, which has a large domestic market, according to the data of a large number of business associations, the price of titanium dioxide is stable this week, with an average price of 15500 yuan/ton.

On October 11, the Titanium Dioxide Commodity Index was 73.59, which was the same as yesterday. It was 26.41% lower than the 100.00 point in the cycle (2011-09-04), and 42.40% higher than the 51.68 point on December 29, 2015. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Product: Titanium dioxide market is stable this week. Before and after the double-section period, manufacturers in eastern, central and southwestern China have a low start-up rate, some of which need to arrange orders for 15-20 days. The supply shortage caused by low inventory leads to stable prices. At present, the main quotation of domestic sulfuric acid rutile type is 1450-16500 yuan/ton, and the main quotation of anatase titanium dioxide is 12000-12800 yuan/ton (including tax). The mainstream price of chlorinated titanium dioxide is 18500-20000 tons.

Industry chain: Titanium concentrate prices in Panxi continue to rise this week. Imports of titanium ore are still tight, and domestic demand for titanium ore is increasing. At present, the price of 38 titanium ore without tax is 830-850 yuan/ton, and the price of 46,10 titanium ore without tax is about 1200 yuan/ton. 47. The price of 20 ore is 1250-1300 yuan / ton. The price of imported ilmenite market is running at a high level, and the mood of climbing and rising is obvious. In the short run, the high price of ilmenite is the main factor.

3. Future Market Forecast

Titanium dioxide analysts think: after the festival, part of the market supply is still tight, Shandong market started higher than before the festival, raw material titanium ore prices have recently risen, Titanium dioxide trading market gradually warmed up, high real unit transaction prices are inevitable, do not exclude the possibility of further price increase, the actual transaction price of a single negotiation.

Price Trend

PS market is generally stable, individual small drop, individual upstream trend continued to fall, followed by poor downstream demand, resulting in trading remains deadlocked, on-site business cautious operation. Price: GPPS mainstream quotation is 9800-10900 yuan/ton, HIPS mainstream quotation is 10700-12000 yuan/ton.

II. Market Analysis

PS market quotation: Zhanjiang Sino-US PS ex-factory price, 525 quoted for 10050 yuan/ton. CITIC Guoan PS ex-factory price, 525 quoted 9650 yuan/ton. The market turnover and delivery situation is weak, and the trading atmosphere is cold.

3. Future Market Forecast

PS market is basically stable, downstream factories continue to purchase on demand, the overall turnover is not satisfactory. Traders continue to follow the market, and there is a little room for negotiation. It is expected that the PS market will continue to be stable, and there will still be a slight drop in local expectations.

Trade Name: Phenol

East China Market (October 9): 8350 yuan/ton

Analysis: Domestic phenol market continues to be weak, the atmosphere of on-site negotiations is flat, the enthusiasm of downstream terminals is not high, the market turnover is scarce, the pressure of the holders is high, the offer continues to decline, and the market focus weakens. Business associations expect that the domestic phenol market will continue to weaken. The East China phenol Market negotiation interval refers to 8300-8350 yuan/ton.

Commodity Name: Acetone

Market Price (Oct. 9, East China): $4,900/ton

The main points of analysis are as follows: the domestic acetone market is running steadily, the petrochemical billing is stable, the stockholder’s mentality is stable, and the terminal enterprises are replenishing successively. It is expected that the negotiation range in the East China market today will be 4900-4950 yuan/ton; the negotiation range in the surrounding Yanshan market will be 5000-5100 yuan/ton; the mainstream negotiation range in the South China market will be 4900-5000 yuan/ton; and the business association is expected to run steadily in the domestic acetone market today.

On October 8, the ammonium nitrate commodity index was 111.40, which was the same as yesterday. It was 5.93% lower than the peak of 118.42 points in the cycle (2019-01-15), and 43.98% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic ammonium nitrate market prices rose on the 9th day. Domestic ammonium nitrate plants operated smoothly. Supported by high nitric acid prices of upstream raw materials, ammonium nitrate market prices rose, ammonium nitrate manufacturers’shipment quotations were general, downstream procurement on demand, and affected by environmental protection control, the downstream civil explosion industry in China still stopped production more, domestic ammonium nitrate manufacturers started construction limited, on-site prices. The trend is rising. Up to now, the mainstream of negotiations in Shaanxi is 2300-2400 yuan/ton, in Shandong is 2100-2300 yuan/ton, and in Hebei is 2300-2500 yuan/ton. Affected by environmental protection, some downstream manufacturers are forced to limit production or stop production for maintenance and accept environmental protection inspection. The demand for ammonium nitrate is at a low level, but the cost of raw materials is well supported, and the price trend of ammonium nitrate Market is rising.

Recently, the price trend of domestic nitric acid market is high and volatile. The price quoted by mainstream manufacturers in Jiangsu is 2400 yuan per ton. Anhui mainstream manufacturers offer about 2500 yuan per ton. Shandong manufacturers offer about 2500 yuan/ton, the price trend is temporarily stable. Nitric acid shipment is general, the high price of nitric acid has a certain positive impact on the ammonium nitrate market, and the price trend of ammonium nitrate is rising; the domestic liquid ammonia Market in the upstream has fallen somewhat, the market turnover is still acceptable, the market price of liquid ammonia is 3190 yuan/ton, the lower cost of liquid ammonia is affected by the upstream, in addition, the inventory pressure of most producers has increased compared with the previous period, and some of loading. Restart, partial supply of ammonia increased in the region, especially in Shanxi and North China. Most manufacturers have sufficient supply of ammonia. The price of ammonium nitrate in North China maintained at 3000-3200 yuan/ton. The price of ammonium nitrate in Northwest China was between 2650-2800 yuan/ton. The decline of liquid ammonia market has a negative impact on the downstream ammonium nitrate market, and the market price of ammonium nitrate went up. In recent years, the market of the downstream civil explosion industry has not changed much. The market demand for ammonium nitrate is limited, and ammonium nitrate manufacturers have high stocks. However, the price of raw materials market remains high. The price trend of ammonium nitrate Market is stable due to the general trend of the market. Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices maintain high levels, downstream demand is still at a low level, expected to be affected by raw material support in the latter part of the ammonium nitrate market prices or will be mainly shocks.

Price data

According to the data from the business associations, the mainstream average price of petroleum coke products of major domestic refineries in September was 1 228.80 yuan/ton at the beginning of the month and 1 206.60 yuan/ton at the end of the month, falling by 22.20 yuan/ton in the month, with a monthly increase and decrease of -1.81%. In September, the market price of petroleum coke rose first and then fell.

The Petroleum Coke Commodity Index on September 30 was 93.85, unchanged from yesterday, down 39.68% from the cyclical peak of 155.59 points (2018-01-25), and up 40.30% from the lowest point of 66.89 on March 28, 2016. (Note: Period refers to 2012-09-30 to date)

II. Analysis of Influencing Factors

Products: In September, the delivery of petroleum coke was stable as a whole, with low stocks in the first ten days, and the price of petroleum coke rose due to the dramatic increase of international crude oil. In the second ten days, refineries cleared their stocks before the holidays, as well as the five restrictions on individual refineries’transportation vehicles, it was difficult for purchasing enterprises to dispatch vehicles. Petroleum coke prices fell by 20-60 yuan/ton this month.

Industry chain: upstream: according to the monitoring of the business community, the US WTI crude oil was $56.71 / barrel at the beginning of the month, at the end of the month, it was 55.91 US dollars / barrel, the monthly rise and fall was -1.41%; Brent crude oil was 61.08 US dollars / barrel at the beginning of the month, at the end of the month, it was 61.91 US dollars / barrel, the monthly decline was 1.36%. In September, the crude oil market rose in panic because of the attack on Saudi oil equipment; since the attack, the situation has stabilized, Saudi Arabia has not reduced oil exports, and U.S. inventories have increased, and international oil prices have fallen sharply. Downstream: before the National Day holiday, the environmental protection inspection in the area is strict, and some enterprises have reduced emissions by about 30%. However, at present, it has little influence on the calcining coking enterprises, and the exchange is stable. Domestic aluminium ingot prices rose first and then fell in September. Prices of aluminium ingots continued to run strongly in August. Prices of aluminium ingots began to decline after the Mid-Autumn Festival. As of September 27, the average market price of aluminium (99.70) was 14046.67 yuan/ton.

3. Future Market Forecast

Analysts of petroleum coke in business associations predict that in September, the market of Petroleum Coke will rise first and then fall. There is no obvious advantage downstream, and the impact of environmental protection, transportation and other factors. The price range of petroleum coke in October is expected to be around 1050-1250 yuan/ton.

Price Trend

According to the price monitoring of business associations, the comprehensive price of potassium chloride fell slightly this week. This week, the average price of potassium chloride mainstream comprehensive quotation fell from 223.00 yuan/ton at the beginning of the week to 225.00 yuan/ton at the end of the week, down 1.84% from the same period last year. Overall, the market for potassium chloride fell slightly this week, with the commodity index of potassium chloride at 70.63 on September 27.

II. Market Analysis

This week, the main potassium chloride manufacturers quoted slightly lower: the Qinghai Salt Lake potassium chloride weekend factory quotation is 2200 yuan/ton, compared with the beginning of the week, the quotation is temporarily stable; Anhui Badou potassium chloride weekend distribution quotation is 2250 yuan/ton, compared with the beginning of the week, the quotation fell by 10 yuan/ton. This week, the actual turnover of potassium chloride market is not good. On the whole, the main contradiction in the market is that supply exceeds demand, the trading atmosphere is cold, downstream purchasing is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic market of potassium chloride is stable.

3. Future Market Forecast

Potassium chloride Market in early October overall trend or low consolidation. After the adjustment in August, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. However, the potassium chloride market is currently facing the pressure of three mountains, namely, the large stock of Hong Kong, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Potassium chloride analysts believe that short-term potassium chloride Market in the supply and demand and raw materials and other aspects of the impact of the potassium chloride market or low consolidation.

Price Trend

Styrene prices fell this week. According to data from business associations, the prices of sample enterprises on Monday (September 23) were 8783.33 yuan/ton, and on Friday (September 27) they were 8716.67 yuan/ton, a decline of 0.76%, a decline of 26.23% over the same period last year.

II. Market Analysis

Products:

This week, the market price of styrene is narrow and the market supply is general. On September 23, East China Styrene closed at 8750-8800 yuan/ton, and on September 27, East China Styrene closed at 8750 yuan/ton, down about 50 yuan/ton. The above price is Zhangjiagang’s canning price. On September 23, South China Styrene closed at 8950 yuan/ton and delivered at 8850-8900 yuan/ton on September 27, down by 100 yuan/ton, to above factory delivery price. The styrene market fluctuated narrowly. By Friday, East China’s styrene port was well stocked and the overall supply of styrene increased slightly. Overall, this week, it fell steadily and moderately.

Industrial chain:

Oil prices of upstream crude oil fell this week, ethylene and pure benzene prices fell slightly and rose sharply, and production costs of styrene were weak to support. Downstream enterprises, temporarily maintaining just demand, wait-and-see, still maintained low demand. The supply and demand deadlock is difficult to break, and the market lacks strong support.

3. Prospects for the Later Period

This week, the periphery remained volatile, oil prices fell, and the impact of the periphery on the petrochemical market was mostly negative. Domestic production enterprises have stabilized, following the market downward quotation operation. The market participants’wait-and-see atmosphere has been aggravated. There are weak demand, digestive pressure, weak receiving intention, weakened support for styrene and spread of bearish sentiment in the market. There is no strong support in the styrene market as a whole, and the price of styrene is expected to remain narrow next week.