Author Archives: lubon

Tight supply, price of polybutadiene rubber continues to rise (11.30-12.4)

According to the data monitoring of the business agency, the domestic market of cis-1,4-polybutadiene rubber continued to rise during the week (11.30-12.4), with the price at 11190.00 yuan / ton at the beginning of the week and 11670.00 yuan / ton at the weekend, an overall increase of 4.29%.

 

PVA

This week, the ex factory price of domestic cis-1,4-polybutadiene rubber and petrochemical manufacturers increased by 300 yuan / ton. According to the monitoring of business agency, as of December 4, the ex warehouse price of Daqing cis-1,5-butadiene of Northeast Sales Company of PetroChina was 11500 yuan / ton; the price of cis-1,5-polybutadiene rubber of Sinopec North China sales company was stable, Qilu Shunding was quoted as 11500 yuan / ton, and the price of Huabei warehouse was increased; the price of Yanshan Shunding was 11420 yuan / ton, and the price of Huabei warehouse was increased.

 

The supply of cis-1,2-polybutadiene market is becoming more and more tight. On the one hand, the operating rate of cis-1,4-polybutadiene rubber in China has declined slightly. According to the information of the business association, recently, the Yanshan Shunding plant has been operating at a reduced rate, and Wanda Shunding plant has continued to shut down. On the other hand, the traffic in Northeast China is blocked by heavy snow weather, and it is difficult to circulate the goods in Daqing Shunding.

 

Raw material prices slightly lower this week, but still at a high stage, cost of cis-1,4-polybutadiene rubber is still supported. As of December 4, butadiene price was 9856 yuan / ton, down 0.83% from 9938 yuan / ton at the beginning of the week, according to the monitoring of the business agency.

 

Downstream tire market starts to continue to rise, all steel tire operating rate rose to around 7.5%, there is a rigid demand for rubber.

 

At present, the downstream support of cis-1,4-polybutadiene rubber is still obvious, although the rising momentum of raw material price is temporarily suspended, the overall level is still at a high level, and the support strength of cost side is still strong; in addition, the short-term supply of cis-1,4-polybutadiene rubber (cis-1,4-polybutadiene rubber) is still tight, which promotes the price of cis-1,4-polybutadiene rubber to.

 

Aftermarket forecast: business agency analysts believe that, at present, the price of raw material butadiene remains high, and the downstream demand has certain support, and it is expected that the price of cis-1,4-polybutadiene rubber will remain high in the short term.

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Titanium dioxide price rises again this week (11.27-12.4)

1、 Price trend

 

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Take sulfuric acid rutile titanium dioxide, which has a large volume in the domestic market, as an example. According to the data of the business club’s large list, the price of titanium dioxide rose this week. At the end of last week, the average price of titanium dioxide in China was 16000 yuan / ton, while that of this week was 16666.67 yuan / ton. The price rose by 4.17% during the week.

 

2、 Market analysis

 

From December 1, 2020, a new wave of price rise will be set off again in the titanium dioxide market. According to incomplete statistics, 17 mainstream titanium dioxide manufacturers have issued price increase notices, including longmang Bailian, Pangang, haifengxin, Shandong daoen, Guangxi Shunfeng, Panzhihua Tianlun, Jinan Yuxing, Shandong Dongjia, Ningbo Xinfu, chaocai environmental protection, Yumen Jingyang, guangxitian, Kunming Donghao, CITIC titanium industry, Panzhihua titanium sea technology, Panzhihua titanium capital and Yunnan Dadu Hutong. The price adjustment range of titanium dioxide enterprises is 700-1000 yuan.

 

This week, the market price of titanium dioxide rose. Based on the current good export market situation, the manufacturers and distributors in the supply side are still in a tight spot, and the price of raw titanium concentrate is boosting. Up to now, the domestic ex factory price of rutile titanium dioxide is 16300-17000 yuan / ton, and that of anatase titanium dioxide is 13500-14500 yuan / ton.

 

In October 2020, China’s titanium dioxide output was 322900 tons, an increase of 20700 tons compared with September, a month on month increase of 6.85%, and a year-on-year increase of 17.57%. From January to October, the total output of titanium dioxide was about 2.8392 million tons, an increase of 9.57% over the previous year, an increase of 248000 tons.

 

According to customs data, in October 2020, China’s titanium dioxide export was about 110200 tons, a year-on-year increase of 38.84%, and a month on month decrease of 1.43%. From January to October, the cumulative export was about 1.005 million tons, with a year-on-year increase of 21.88%. In October 2020, China’s titanium dioxide import was about 16600 tons, a year-on-year decrease of 8.88%, and a month on month increase of 13.90%. From January to October, the total import was about 139800 tons, with a year-on-year increase of 3.08%.

 

In terms of raw materials, this week Panxi area titanium concentrate price high consolidation. Downstream buyers are under great pressure and mainly wait-and-see, and the actual transaction situation is general. Up to now, the prices of 46,10 titanium ore and 1320-1350 yuan / ton for 46,10 titanium ore, 2050 yuan / ton for 47,20 ore and 1320-1350 yuan / ton for 38,42 ore, respectively. In the short term, the price of titanium concentrate will continue to be strong, with a single discussion.

 

According to customs data, China imported 285900 tons of titanium ore in October, up 5.73% year-on-year and 41.02% month on month. From January to October, the total import was about 2.4608 million tons, with a year-on-year increase of 18.76%. In October, China exported 567 tons of titanium ore, down 77.64% year-on-year and 75.79% month on month. From January to October, the total export volume was about 19048 tons, a year-on-year decrease of 3.67%.

 

3、 Future forecast

 

Titanium dioxide analysts believe that: at present, titanium dioxide enterprises export orders perform well, domestic spot is still tight. The price of raw material titanium ore is high, and the cost support is strong. It is expected that in the short term, the titanium dioxide market will mainly operate at a high level, and the actual transaction will be a single discussion.

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The price of raw material acrylonitrile rises more than 2000 yuan / ton, and the price of polyacrylamide still rises

Commodity index: on November 29, the polyacrylamide commodity index was 88.23, unchanged with yesterday, 17.64% lower than 107.13 (2019-05-08), and 6.44% higher than the lowest point of 82.89 on August 02, 2020. (Note: cycle refers to the period from April 1, 2019 to now)

 

PVA 1799 (PVA BF17)

Price quotation: according to the monitoring data, in September 2020, the manufacturer’s production was normal, and the quotation fluctuation was very small. Although in the “golden nine”, the demand did not appear much exuberant in that month, and the transaction atmosphere was relatively peaceful. Only in the two days at the end of the month, the price increased by about 400 yuan / ton, only about 2.82%; in October, the trend was still stable, and only on the 14th, the mainstream price was about 60 yuan/ Tons of small increase, and the price of 15 immediately callback, “silver 10″ overall rise is not obvious. However, in November, the domestic price of polyacrylamide is facing upward pressure. Although the domestic mainstream quotation of polyacrylamide (PAM, cation, molecular weight of 12 million) is only increased from 14300 yuan / ton to about 14400 yuan / ton, the overall range is not large. However, in fact, due to the constraints of acrylonitrile procurement cost, the ex factory price of many polyacrylamide is increased by 500 yuan / ton At the same time, in the heating season, the environmental protection inspection is strict, the manufacturers stop production, the price of acrylonitrile is increased greatly, and the price of polyacrylamide rises sharply. In fact, the supply of goods determines whether the price rises, while the downstream demand plays a general role.

 

PVA

Industrial chain: upstream: acrylonitrile rose sharply this month. According to the business agency, at the end of October, the mainstream quotation of domestic acrylonitrile was 9300 yuan / ton. This month, the price of acrylonitrile was raised repeatedly, with a single increase of 400-500 yuan / ton, and the monthly increase of 2000-3000 yuan / ton. At present, the mainstream is about 12250 yuan / ton, and this week the increase is as high as 1950 yuan / ton. Situation of acrylonitrile unit in this month: Sinopec’s settlement price of acrylonitrile products sold in November was 9900 yuan / ton in North China and 9850 yuan / ton in East China; Zhejiang Petrochemical Company had a maintenance plan in December for its 260000 ton acrylonitrile unit, and the specific situation needs to be further determined; after the 130000 ton acrylonitrile unit of Shandong Haijiang Chemical Co., Ltd. was shut down in early August, there was a restart plan in December; Sinopec’s 240000 ton acrylonitrile plant in Kaohsiung, Taiwan, postponed the restart until November 25, and the plant was shut down for maintenance on October 20. Downstream: in the current winter, the number of downstream water treatment project construction enterprises is reduced, and the demand for raw materials is weak.

 

Industry: 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. In November, faced with the big influence factors of heating season this year, polyacrylamide manufacturers stopped production more, and recently faced a sharp rise in acrylonitrile, the downstream demand was weak, the upstream cost was high, the pressure of polyacrylamide manufacturers was large, and the price rise was inevitable.

 

Aftermarket forecast: according to the analysis of the business agency, the current domestic economic momentum is good, the price of acrylonitrile, the raw material in the upstream, has risen sharply this month, and the pressure on the cost side has increased sharply; however, due to the seasonal impact on its demand, the demand in winter is not good, and the downstream support for the price rise is insufficient. However, the price of polyacrylamide will rise after the end of December due to the high demand of manufacturers and the price of polyacrylamide will rise after the end of December.

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Low season demand downturn, polyester filament price will fluctuate downward

According to the price monitoring of the business agency, the domestic polyester filament market price showed a downward trend in November, among which polyester POY dropped the most significantly, with a decline of 5.45% in the month, followed by polyester FDY and polyester DTY, with a decline of 4.15% and 3.26% respectively. At present, the mainstream factories in Jiangsu and Zhejiang provinces are reporting 5050-5250 yuan / ton of polyester POY (150D / 48F), 5160-5450 yuan / ton of polyester FDY (150D / 96F) and 6800-7000 yuan / ton of polyester DTY (150D / 48F low elasticity). In terms of production and marketing, the market of polyester filament in Jiangsu and Zhejiang was weak at the end of the month, and the average production and sales of mainstream large factories were 50% – 70%. In terms of inventory, the overall inventory of polyester market is now concentrated in 23-36 days, of which POY inventory is 7-13 days, FDY inventory is around 16-34 days, and DTY inventory is about 24-36 days.

PVA

 

Average price rise and fall of polyester filament Market in November, unit: yuan / ton

 

Year on year rise and fall of products from November 1, 2020 to November 30, 2020

Polyester DTY (150D / 48F low elasticity) 7145 6912 – 3.26% – 20.33%

Polyester POY (150D / 48F) 5424 5128 – 5.45% – 27.20%

Polyester FDY (150D / 96F) 5623 5390 – 4.15% – 25.21%

PTA raw materials fell first and then rose, PTA surplus at the beginning of the month led the market, prices remained downward. As of November 30, the average market price was 3321 yuan / ton, up 1.09% from the beginning of the month, and decreased by 31.03% year-on-year. At the end of the month, with the 3.75 million tons of yishenghua, 1 million tons of PTA invested by Sichuan energy and 0.7 million tons of Yadong petrochemical, the starting load of PTA was increased to more than 92%, and the accumulation of accumulation was expected to be strong, and the performance of flushing was weak.

 

In the early stage, under the hype of “double 11 stock season”, the whole industry chain from clothing to fabric to weaving has entered the market peak, and the market has ushered in a wave of explosive growth. In addition, under the cold winter expectation, with the increasing demand for the lining materials of down jacket and cotton padded jacket, the factory once again cleared a batch of inventory, which relieved the production pressure. However, with the decline of the upsurge, the characteristics of traditional off-season are becoming more and more obvious. There is a trend of accumulated inventory and reduced operation. At present, terminal customers place orders cautiously, and the starting rate of Jiangsu and Zhejiang looms is also reduced from 93% in early November to about 85%.

 

Xia Ting, an analyst at the business agency, believes that the current textile industry is in the traditional off-season, the overall market is relatively depressed, and the enterprise funds are relatively tight, and the enthusiasm for purchasing raw materials is not high, and the demand side is still facing greater pressure. In addition, the raw material market continued to rise in the lack of momentum, PTA began to accelerate the accumulation of inventory, new capacity is also planned to be launched next month, increasing the pressure of excess supply. Therefore, in general, the price of polyester filament is more likely to fluctuate downward.

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Weak and stable operation of caustic soda market this week (11.23-11.27)

1、 Price trend:

 

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According to the monitoring data of the business agency, the price of caustic soda is weak. From the beginning of the week to the end of the week, the average price in Shandong market was 490 yuan / ton, which decreased by 27.94% in the same period last year. On November 26, the commodity index of caustic soda was 70.50, unchanged with yesterday, 65.92% lower than 206.87 (2017-11-14), and 8.28% higher than the lowest point of 65.11 on October 09, 2020. (Note: period refers to 2011-09-01 to now)

 

2、 Market analysis

 

In November, the downstream purchasing demand is general, which conflicts with the current price of caustic soda. It is expected that the follow-up or narrow range of caustic soda will be weak. The price of caustic soda in Shandong is weak. The mainstream ex factory price of 32% caustic soda is 400-530 yuan / ton, and that of Jiangsu market is 530-600 yuan / ton. The price of flake caustic soda in Shandong market is 1800-2000 yuan / ton, and the price of 99% flake caustic soda is 1600-1650 yuan / ton in Inner Mongolia. The downstream market is mostly purchased on demand. The market atmosphere is not good, and the downstream transaction follow-up is weak. Enterprises mainly discuss and ship. It is expected that Inner Mongolia will stabilize the market temporarily in the near future.

 

Upstream and demand: domestic crude salt trading atmosphere is good this week, and prices in some regions are stable and upward. The operation of sea salt is stable, the well and mineral salt areas perform well, and the price rises. The performance of lake salt is not good, the downstream purchasing intention is not good, and the market performance is weak. On the downstream side, recently, affected by the haze weather in the heating season in northern China, the restrictions on the start-up of downstream enterprises have increased, the alumina production has a downward trend, and the demand remains flat.

 

According to the price monitoring of the business agency, in the 46th week (11.16-11.20) of 2020, there are 3 kinds of commodities rising and 0 kinds of falling commodities, and 2 kinds of commodities are up and down. The main commodities that rose were calcium carbide (4.12%), PVC (3.58%) and hydrochloric acid (3.28%); this week, they all rose or fell by 2.2%.

 

Business agency analysts believe that in the near future, the overall price of caustic soda factory is stable, the cost side is not changed much, and the operation is mainly based on big stability and small movement,. With the improvement of caustic soda production, the supply pressure is increasing, and the downstream purchasing demand is general, there is a certain conflict with the current price of caustic soda. It is expected that the follow-up or narrow range of caustic soda consolidation will be weak, depending on the downstream market demand.

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The rare earth market is crazy, the price rises again and again

According to the monitoring of the business agency, the price index of the domestic rare earth market rose sharply. The domestic praseodymium and neodymium series rare earth showed an eye-catching performance. The market price of terbium rose to a record high in eight years. According to the rare earth plate index of the business society, the rare earth index on November 24 was 404 points, up 15 points compared with yesterday, and decreased by 59.60% compared with the highest point of 1000 points in the cycle (2011-12-06) , up 49.08% from 271, the lowest point on September 13, 2015. (Note: period refers to 2011-12-01 to now).

 

PVA

It can be clearly seen from the rare earth index chart that the domestic rare earth price has been rising since the end of October. The rare earth price has risen from 354 points to 404 points, with an overall increase of 14.1%. Recently, the rare earth market has undergone frequent changes. The market price has experienced a small rise one day and a big rise in three days. In terms of products:

 

From the product price trend chart, it can be clearly seen that the domestic prices of praseodymium and neodymium oxide, praseodymium neodymium alloy, neodymium oxide and metal neodymium have increased significantly. As of November 24, the price of praseodymium and neodymium oxide in China was 422500 yuan / ton, with an increase of 29.40% in one month; the price of praseodymium and neodymium alloy was 527500 yuan / ton, with an increase of 27.42% in one month; the price of neodymium oxide was 462500 yuan / ton, The price of neodymium is 567500 yuan / ton, which is up 28.98% in one month. The price of praseodymium oxide and praseodymium metal also rises correspondingly, but the price of neodymium series rises by about 30%.

 

In recent years, the domestic production of new energy vehicles has increased significantly, coupled with the rapid development of wind power, electronic products and other terminal industries. With the slowing down of the epidemic situation, the capacity utilization rate of downstream manufacturers will continue to warm up, and the demand for NdFeB will continue to increase. However, the domestic supply side is still in the contraction situation, and the supply and demand side is seriously unbalanced, resulting in the crazy price rise of domestic neodymium market. In recent years, the demand and stock up situation of permanent magnet manufacturers is more positive. Due to the increase of overseas demand, however, with the formal entry into force of the “export control law of the people’s Republic of China” on December 1, the market expects that China’s rare earth export will further shrink, and the global supply of rare earth may further shrink. At that time, the supply of rare earth will become more tense, which will promote the price of domestic market to further rise. Compared with the market price of neodymium series, the domestic heavy rare earth market price also has a corresponding rise, dysprosium terbium series market is still the model of heavy rare earth market.

 

It can be seen from the trend chart that the trend of the domestic legitimate price in one month is still rising. As of 24 days, the price of dysprosium oxide is 1.79 million yuan / ton, with an increase of 9.15%; the price of dysprosium ferroalloy is 1.78 million yuan / ton, with a trend of 9.54% in one month. However, the domestic price of terbium series has risen sharply. On the 24th, the domestic price of terbium oxide is 6.05 million yuan / ton, and the price of metal terbium is 7.65 million yuan / ton Prices rose to an eight year high. The domestic rare earth purchase and storage plan is a good support for domestic heavy rare earth prices. In the plan, medium and heavy rare earth accounts for a large proportion of the annual output, which is expected to have a great impact on the supply and demand and price of medium and heavy rare earth. In addition, Myanmar’s customs clearance still has a tight impact on the domestic import and supply of medium and heavy rare earth. However, the downstream demand is positive, and the price of heavy rare earth market is rising due to the terbium market Due to tight supply and imbalance between supply and demand, domestic heavy rare earth market prices are expected to continue to rise.

 

Under the new situation, the strategic value of rare earth is expected to continue to increase. The United States, Japan and Europe and the United States have made corresponding plans to include rare earth in the national strategic resource reserve plan. The advantages of rare earth strategic resources are prominent. China is a large rare earth reserve country, and its rare earth reserves account for 37% of the world. At the same time, China is also a major rare earth export country. The state has made corresponding adjustments to the development of rare earth industry, and the rare earth industry is moving towards high quality The development and favorable policies support the development of rare earth industry, and the price trend of domestic rare earth market is strong.

 

Recently, the domestic demand for rare earth has increased, but the domestic supply of rare earth is still tense. The imbalance between supply and demand has led to a sharp rise in the price of domestic rare earth market. As the overseas demand for rare earth has increased compared with the previous period, and the domestic and foreign markets are favorable, business analysts predict that the market price of rare earth will continue to rise in the future.

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Supported by rising international crude oil prices,the price of toluene continued to rise this week (November 16-november 22)

1、 Price trend

 

PVA 1799 (PVA BF17)

The domestic toluene market continued to rise this week. As of Friday, the domestic market average price was about 3540 yuan / ton, up 2.91% month on month.

 

2、 Analysis and comment

 

Boosted by the rise in international crude oil prices, toluene prices continued to rise this week. Sinopec’s listed toluene prices generally rose 50-200 yuan / ton this week. The port inventory is at a high level, and the pressure to go to the warehouse is not reduced. Market oversupply, downstream blending oil and solvent demand is general. At present, the mainstream price in East China is about 3500 yuan / ton. The future market will focus on the outcome of the US election, the progress of the US economic stimulus plan, the fluctuation of the US dollar index and the stock market, the geographical situation in the Middle East and the impact of OPEC + on crude oil supply, the impact of the continuous deterioration of overseas epidemic situation on the demand for crude oil, the progress in the research and development of the new crown vaccine, the global economic recovery, and the European and American economic recovery relief plan Progress.

 

PVA

Upstream, crude oil, supported by good vaccine news and OPEC’s hope of delaying production increase, this week’s international crude oil prices rose. However, due to the failure of US fiscal stimulus negotiations, the global epidemic is still serious, and oil prices are still facing downward risks. As of Friday, spot Brent rose $1.65/barrel to close at $43.435/barrel, up 3.95% from last week. At present, the main uncertain factors in the market come from the new crown epidemic in Europe and the United States and the uncertainty of the US presidential election. The final direction of crude oil will not take further action until the demand side is better and the US election is clear. In the medium term, oil prices mainly depend on the recovery of demand side and the direction of macro market.

 

Downstream, TDI, prices fell slightly this week, the market mentality is cautious, trading atmosphere is weak, pay attention to factory policy guidance. RMB 13500 / T for domestic goods and RMB 14000 / T for Shanghai goods. It is expected that the short-term TDI market will stabilize. In terms of PX market, Sinopec’s listed price this week was about 4300 yuan / ton, and the latest price of external disk was about 532 US dollars / ton FOB Korea and 550 US dollars / ton CFR China. PX market is expected to stabilize in the short term.

 

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 slightly next week.

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The cost supports the price of potassium sulfate to recover slightly

1、 Price trend

 

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2、 Market analysis

 

According to the data of the business agency, the market of potassium sulfate in Hebei is stable this week, and the output of Mannheim potassium sulfate is about 2550 yuan / ton for 50% powder and 2650 yuan / ton for 50% granules and 52% water soluble powder. The supply and sale of potash in Xinjiang state investment corporation is normal, with 52% powder arriving at the station price of 2640 yuan / ton, while that of 50% powder of Qinghai water salt system is about 2425 yuan / ton. At present, the market of potassium sulfate is in consolidation and operation, the operating rate remains high, the price is stable in a small range, the quotation of potassium chloride traders is high, and the future market is bullish. Recently, the price of Mannheim potassium sulfate has generally increased, with an increase of about 50 yuan. The raw material cost of potassium sulfate Market has a certain support, and the downstream demand is not obviously favorable for the recovery, and replenishment is mainly based on demand.

 

3、 Future forecast

 

Potassium sulphate analyst of business club thinks: at present, the price of potassium sulfate is stable, and there is a slight warming trend. However, the downstream transaction enthusiasm is not high, the demand promotion is slow, and the price fluctuation is not big.

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Gasoline prices rose first and then fell, and MTBE market prices fell slightly

The gasoline market price rose sharply and fell down, and the upward pressure of MTBE market price was greater. Overall, the MTBE market price rose first and then fell following the change of gasoline price. According to the data of business agency, the price of MTBE on November 13 was 3616 yuan / ton, down 0.46% from the price at the beginning of the week.

 

PVA

At the beginning of the week, the international crude oil price rose sharply, driving the domestic gasoline and diesel prices to rise slightly. Later, due to the low enthusiasm of market procurement, gasoline and diesel prices fell again. At the beginning of the week, due to the impact of the continued sharp rise in international oil prices, MTBE manufacturers made a tentative small increase under the cost pressure. However, the gasoline market demand was not good, the gasoline shipment was general, and the upward trend of gasoline price was weak, but the demand for intermediate materials such as MTBE was low. Since the middle of the week, the market price of MTBE began to fall. Overall, the price of MTBE market rose first and then fell, with narrow range fluctuation.

 

According to MTBE product analyst of energy branch of business agency, the international crude oil price is lack of action force, the gasoline market price will continue to decline under pressure, and the upward trend of MTBE market demand is difficult. It is expected that domestic MTBE prices will be stable in the short term.

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China’s domestic cyclohexanone market forecast for next week, November 13

Domestic cyclohexanone market rose sharply this week (11.9-11.13). According to the monitoring data of business society, the average price of domestic cyclohexanone market at the beginning of the week was 5866 yuan / ton, and the average price of cyclohexanone market at the weekend was 6255 yuan / ton, with the price rising 6.11% in the week, and the price rose 6.41% on a month-on-year basis, down 15.11% year on year. The main reason for the sharp increase of the market of cyclohexanone market is the combination of upstream and downstream benefits: within the week, the total price of pure benzene was increased by 250 yuan / T to 4000 yuan / ton in two times, with strong support in cost side. The downstream caprolactam Sinopec has been listed twice to RMB 700 / T to 10800 yuan / T, and the chemical fiber procurement atmosphere at the beginning of the

PVA

week is still acceptable. The downstream procurement is mainly on demand, and all parties actively push up, and the market low price quotation decreases 。 At present, the market supply and demand of cyclohexanone is balanced. Analysts of cyclohexanone, the business society, expect that the domestic market of cyclohexanone will be sorted out at a high level next week.

 

Regional price

6550-6650 yuan / ton in East China, cash delivered

RMB 6500-6700 / ton in South China, cash delivered

RMB 6350-6450 / ton in Shandong Province, cash delivered

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