According to the data monitoring of the business agency, the prices of industrial and battery grade lithium carbonate have been slightly explored this week, and the prices are still in a state of slight adjustment. On November 11, the average price of industrial grade lithium carbonate in East China was 186800 yuan / ton, which was 1.08% higher than that in early Zhou (on November 7, the average price of industrial grade lithium carbonate in East China was 184800 yuan / ton). On November 11, the average price of battery grade lithium carbonate in East China was 195000 yuan / ton, which was 1.04% higher than that in early Zhou (the average price of battery grade lithium carbonate in East China was 193000 yuan / ton on November 7). As of November 11, the comprehensive quotation of industrial grade lithium carbonate market is around 183000 ~ 193000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market is around 193000 ~ 205000 yuan / ton.

According to the observation of market changes, the price of lithium carbonate was slightly explored this week, but most enterprises basically maintained price stability. At present, the demand side inquiry volume has increased, mainly for lithium iron phosphate enterprises. The price of electric carbon and quasi electric carbon has a slight upward trend, which is relatively obvious. In terms of industrial carbon, the market shipment is slightly poor, and the price is mostly in a state of continuous stability.

According to data, in October, China’s lithium carbonate output was about 19792 tons, an increase of 1% month on month and 40% year-on-year. With the power rationing in many places in China basically returning to normal production, the output of lithium carbonate rebounded significantly. However, affected by the low temperature in Qinghai, the output and inventory decreased relatively. However, there are still some new production lines in November, which will ease the tight supply and demand.

The downstream domestic industrial lithium hydroxide market operates stably. At present, the price of raw material spodumene is high, the price of lithium carbonate keeps rising steadily, the cost side is still supported, the supply side is sufficient, the demand side export orders are good, the domestic downstream demand is flat, and the price operates stably.

In terms of lithium iron phosphate, the market is mainly stable. Compared with the same period last week, the price has increased by 2.3%. The price is stable and strong, the upstream center of gravity is high, the negotiation center of gravity is high, and the transaction atmosphere is strong. The lithium iron phosphate Market maintains a stable and strong trend.

The lithium carbonate analysts of business society believe that the lithium carbonate market is still in the demand range, the market inventory is still good, and most practitioners are in a wait-and-see state. It is expected that the short-term lithium carbonate price is still in a strong consolidation state.

Zinc prices rose on November 10

According to the data monitoring of business agency, the zinc price rose on November 10, and the zinc market recovered. On November 10, the zinc price was 23229.00 yuan / ton, up 0.10% from the zinc price of 23206 yuan / ton on November 9 of the previous trading day; Compared with the zinc price of 22988.00 yuan / ton on November 8, it increased by 1.05%.

Overview of zinc Market

On November 10, the spot market of zinc market was active and traded near the average price. The supply of goods circulating in the market decreased, and the willingness of traders to receive goods decreased significantly. The downstream purchase was mainly on demand, and the overall transaction in the market was general. The processing cost of domestic zinc concentrate decreased, the production enthusiasm of zinc smelters weakened, and the domestic zinc smelting output is expected to decline; The electricity price in Europe has decreased, the start-up of European zinc smelters is expected to rise, the output reduction of European zinc smelters is expected to decrease, and the global zinc supply is expected to increase; Domestic PMI decreased, domestic manufacturing production slowed down, and the supply and demand of zinc city were weak; The zinc price returned to the zinc price level in September; The market of galvanized sheet fell, and the demand of zinc market fell.

Market Overview

Business analysts believe that: Recently, the supply and demand of zinc market are both weak, the zinc smelting and processing fee has decreased, the warehouse receipt inventory in Shanghai futures market and London LME market has continued to decrease, and the supply of zinc market has decreased; The transaction in the zinc market is general, and the demand in the zinc market is weakened. Zinc prices are expected to rise slightly in the future.

Product Name: n-butanol

Latest price (November 9): 9966 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, on November 9, the domestic n-butanol market in Shandong moved downward slightly. The average ex factory price of n-butanol was 9966 yuan / ton. Compared with the previous working day, the average price was reduced by 66 yuan / ton, a decrease of 0.66%. On the 9th, the overall shipment performance of domestic n-butanol factories in Shandong was average, the downstream digested the early inventory, the preparation rhythm was slow, and the offer price of n-butanol in some factories decreased slightly.

Future forecast: at present, the negotiation of n-butanol in Shandong is relatively light, and the n-butanol datagrapher of business society believes that the short-term n-butanol market is mainly consolidation and operation.

Zinc prices fell on November 8

According to the data monitoring of business society, the zinc price fell on November 8, and the zinc market fell. On November 8, the zinc price was 22988.00 yuan / ton, down 0.62% from 23132 yuan / ton on November 5 of the previous trading day. Zinc market fell.

Overview of zinc Market

The processing cost of domestic zinc concentrate decreased, the production enthusiasm of zinc smelters weakened, and the domestic zinc smelting output is expected to decline; European Trafigura group reduced the output of zinc smelting by 50%, Glencore’s three zinc smelters staggered peak production, and the global zinc supply is expected to decrease; Reduction of social inventory of zinc ingots; PMI decreased, domestic manufacturing production slowed down, and the supply and demand of zinc city were both weak; The zinc price returned to the zinc price level in September; The market of galvanized sheet fell, and the demand of zinc market fell.

Market Overview

Business analysts believe that: the supply and demand of zinc market are both weak, the galvanized sheet market is declining, the demand of zinc market is declining, the social inventory of zinc city is declining, the processing fee of zinc smelting is declining, the supply of zinc smelting is expected to decline, the overall supply of zinc city is decreasing, and the demand is weakening. The upward momentum of zinc market still exists, and the downward pressure is weakened. It is expected that the range of zinc price will fluctuate and adjust in the future.

The price of aluminum fluoride fluctuated and rose this week

According to the data of business agency, the price of aluminum fluoride fluctuated and rose this week. As of November 4, the average price of domestic aluminum fluoride was 12500 yuan / ton, up 2.46% from 12200 yuan / ton last weekend (October 29); This week, the aluminum fluoride market continued to rise and rose in shock.

Hydrofluoric acid prices fluctuated and rose this week

According to the monitoring of business agency, the price of hydrofluoric acid rose sharply in October, and hydrofluoric acid continued to rise sharply in October. As of October 4, the price of hydrofluoric acid was 13890 yuan / ton, up 5.63% from 13150 yuan / ton last weekend (October 29); In the near future, the market of downstream refrigerants has maintained a high level, mainly on-site procurement on demand, with various advantages superimposed. It is expected that the price of hydrofluoric acid may rise in the future. The price of hydrofluoric acid rises sharply, the cost of aluminum fluoride rises, and the rising power of aluminum fluoride increases.

High level drop of aluminum ingot

According to the monitoring of business society, the price of aluminum ingot hit a record high in the cycle on October 19 (Note: the cycle refers to the period from September 1, 2011 to now). The aluminum price soared in the early stage, the aluminum price was high, the downstream undertaking was weak, and the fear of high was strong. Then the aluminum price plummeted. After the sharp drop, it was close to the price level in mid August. Based on the consideration of alumina cost, it is expected that the aluminum price will be strongly supported in the future, and the aluminum price may stabilize after a slight shock. The high price of electrolytic aluminum fell, the demand for aluminum fluoride was weak, and the risk of decline of aluminum fluoride increased.

Market overview and forecast

Analysts of aluminum fluoride industry of business agency believe that the price of hydrofluoric acid continues to rise this week, fluctuates and rises sharply, the cost of aluminum fluoride rises, and the rising power of aluminum fluoride increases. The price range of downstream aluminum ingots fluctuated and stabilized, the demand for aluminum fluoride was general, and the momentum for aluminum fluoride to rise in the future was insufficient. It is expected that the price of aluminum fluoride will rise slightly in the future.

Styrene Market weakened today. The production price of styrene in Shandong was 9520.00 yuan / ton, down 1.04% from 9620.00 yuan / ton yesterday.

Styrene market fell today. There was a correction in crude oil, the raw material pure benzene continued to fall, the current price difference in the market period was slightly small, the import cost and listing price cost were supported, and the overall negotiation atmosphere was light. The cost support of styrene was temporarily stable, some shipments were closed actively in the market price decline, and the selling price was allowed. The increase of bad news suppressed some bargain hunting replenishment transactions. It is expected that the styrene market may still fall slightly in the short term.

Today, the price of styrene in East China was reduced to around 9300-9350 yuan / ton. The quotation in Northeast China is reduced to about 8950 yuan / ton, and that in South China is about 9150-9200 yuan / ton.

In November, bisphenol a market opened wide and fell. On Monday, a petrochemical enterprise in East China closed the auction of 17200 yuan / ton (2300 yuan / ton lower than last week’s auction). The offer in the spot market fell sharply, and then the market offer fell to 17800 yuan / ton. In the afternoon, with the cooling of the market and the aggravation of the favorable atmosphere, the market offer reached 17500 yuan / ton. With the sharp decline of bisphenol A, The related products ECH and epoxy resin also declined to varying degrees. As of the afternoon closing, the mainstream offer in East China was 17500 yuan / ton, and the offer in North China market was 17500 yuan / ton. Compared with last week, it fell by more than 1000 yuan / ton.

Phenol and acetone in the feed end descend in a narrow range

In terms of phenol, the opening negotiation in East China market weakened to 9600-9650 yuan / ton, mainly due to the aggravation of bad conditions in upstream and downstream, the weakening of upstream pure benzene, the decline of cost support, and the decline of downstream bisphenol A and other products. In terms of ports, with the arrival of port inventory in the early stage, the port inventory is expected to increase, but there are still export shipments this week, which has little impact on the overall inventory of random ports. Although the market is weak, traders have little intention to lower the price, and the market is mainly organized and operated.

In terms of acetone, some petrochemical enterprises cut 100 yuan / ton at the opening of the new January, which exacerbated the bearish atmosphere in the market. The opening decline in East China was dominated, and the negotiated price was 6300-6400 yuan / ton. On the one hand, the petrochemical enterprises decreased intensively, on the other hand, the port inventory increased, and the supply was expected to increase. Offers from major mainstream regions are as follows: offers from East China are 6300-6400 yuan / ton, offers from South China are 6800-6850 yuan / ton, and offers from Yanshan and Shandong are 6500-6600 yuan / ton.

Downstream epoxy resin high position wide downward

The overall breadth of domestic epoxy resin is low, closing the offer in East China liquid resin market to 31000-32000 yuan / ton, barrel acceptance and delivery, and the offer in solid epoxy resin market to 27000-27500 yuan / ton. The two main raw materials fell at the same time, with a large decline. The support for the cost of epoxy resin decreased, the intention of factories to lower prices increased, major factories lowered prices one after another, and downstream inquiries were cautious.

According to business analysts, the bulk chemical market has weakened recently and the mentality is weak. The bisphenol a market was affected by the sharp decline in the petrochemical auction at the beginning of the week, and the market bad was intensified. It is understood that in November, the overhaul of domestic and Korean LG and other major devices was completed one after another, and the market is expected to increase the supply, which is difficult to say good. The business agency expects the short-term bisphenol a market to continue to bottom out. We still need to pay attention to the impact of external market and domestic industry policy news.

Recent domestic isobutyraldehyde price trend

As can be seen from the above figure, the domestic isobutyraldehyde market price first rose and then fell this month. The quotation first rose from 15500 yuan / ton on October 1 to 19066.67 yuan / ton on October 12, an increase of 23.01, and then fell to 16500.00 yuan / ton on October 31, a decrease of 13.46. On the whole, isobutyraldehyde market fluctuated and rose this month.

Domestic isobutyraldehyde market in October

From the manufacturer’s quotation, the price of mainstream domestic isobutyraldehyde manufacturers increased this month, the manufacturer’s inventory was general, and the downstream demand was good. The quotation of lihuayi isobutyraldehyde at the end of the month was 16500 yuan / ton, which increased by 1000 yuan / ton compared with the beginning of the month; Shandong Zhenkun isobutyraldehyde quoted 16500 yuan / ton at the end of this month, an increase of 1000 yuan / ton compared with the beginning of this month; Liaocheng yuanze isobutyraldehyde offered 16500 yuan / ton at the end of the month, an increase of 1000 yuan / ton compared with the beginning of the month.

The upstream support is weakened and the downstream demand is general

From the perspective of upstream and downstream industrial chains, the upstream propylene market rose first and then fell. The quotation first rose from 8092.17 yuan / ton on October 1 to 9692.33 yuan / ton on October 12, up 1600.16 yuan / ton, up 19.77%, and then fell to 7950.67 yuan / ton on October 31, down 17.97%, up 18.02% year-on-year compared with the same period last year. The cost support was weakened, which had a negative impact on isobutyraldehyde. The price of downstream neopentyl glycol decreased slightly, and the quotation decreased from about 19800 yuan / ton at the beginning of the month to 19500 yuan / ton at the end of the month, down 300 yuan / ton. The downstream market fell slightly, and the downstream purchasing enthusiasm for isobutyraldehyde weakened. On the whole, the upstream and downstream products had a negative impact on the price of isobutyraldehyde this month.

The market outlook fell slightly

The domestic isobutyraldehyde market may fluctuate slightly in the middle and early days of November. The price of upstream propylene has fallen sharply recently, the cost support has weakened, the downstream neopentyl glycol market has declined slightly, the downstream enthusiasm for purchasing sulfuric acid has weakened, and the product trend has declined under the contradiction between supply and demand. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short term, the domestic isobutyraldehyde market may fluctuate and decline slightly.

1、 Price trend

According to the bulk list data of business society, mixed xylene opened an upward channel after the national day, and the price rose continuously and fell by the end of the month. On October 1, the price of mixed xylene was 5860 / ton; On October 29, the price was 6830 yuan / ton, the lowest price in this month was 5860 yuan / ton, and the highest price in this month was 7060 yuan / ton, an increase of 16.55% over the beginning of the month; Compared with the same period last year, the price difference between the highest price and the lowest price in the month was 1200 yuan / ton.

2、 Analysis and review

During the national day, the crude oil market continued to rise, driving the collective rise of relevant bulk commodities; The demand for gasoline and diesel oil is good, and the price rises all the way. Boosted by multiple advantages, the mixed xylene market is actively pushed up, and the price rises all the way. Sinopec’s price of mixed xylene increased actively, which gave a positive boost to the market, and there was high enthusiasm for speculation on the floor. Crude oil callback in the middle of the month, but gasoline and diesel prices were strong, and mixed xylene maintained a strong trend.

At the end of the month, the trend of crude oil was still strong, but related bulk commodities generally weakened, gasoline and diesel fell broadly, downstream demand weakened, dragged down the mixed xylene market mentality, and the high price fell..

In terms of crude oil, with the approaching winter in the northern hemisphere and the easing of the epidemic, energy demand is expected to increase. Global natural gas and coal prices soared, and some power plants were replaced by oil. The shortage of crude oil supply continued to drive the international oil price higher, with oil distribution and US oil both exceeding US $80 / barrel. Brent rose 6.07 USD / barrel this month, or 7.75%; WTI rose $8.54/barrel, or 11.38%.

In terms of external market, as of October 28, the price of mixed xylene imported from South Korea was US $802.5/t, an increase of US $56 / T or 7.5% compared with September 30.

Downstream, in the PX market, in the PX market, the price of PX stabilized after rising in October. The price was 7100 yuan / ton at the beginning of the month and 7300 yuan / ton at the end of the month. The price increased by 2.82% compared with the beginning of the month and 64.04% compared with the same period last year.

In terms of PTA market, PTA in East China fluctuated and fell after rising in October. The price was 5069.82 yuan / ton at the beginning of the month and 5100 yuan / ton at the end of the month, an increase of 0.6% over the beginning of the month and 52.24% over the same period last year.

In terms of ox market, the price of ox in East China increased significantly twice this month, and the rest remained stable. The price was 6500 yuan / ton at the beginning of the month and 6900 yuan / ton at the end of the month, an increase of 6.15% over the beginning of the month and 56.82% over the same period last year.

In terms of gasoline, gasoline rose continuously to a high level this month and fell broadly at the end of the month. The price was 7738 yuan / ton on October 1 and 8464.8 yuan / ton on October 29, an increase of 9.39% over the beginning of the month and 64.03% over the same period last year.

3、 Future forecast

In terms of raw materials, the Iranian nuclear negotiations may be restarted, but the prospect is still uncertain. Crude oil supply is expected to be tight, the pattern is difficult to change, the global epidemic has eased, energy demand is expected to improve, and short-term crude oil prices are expected to remain high. The market is waiting for the OPEC + meeting to be held on November 4 to discuss the output policy. In the future, we will continue to pay attention to the impact of global climate, epidemic situation, OPEC + decisions on output, the inventory dynamics of crude oil and refined oil in the United States, and the global economic situation on crude oil prices.

On the whole, the cost of crude oil may fall, the demand side is difficult to maintain, the market continues to be weak, factory shipments are blocked, and mixed xylene is expected to shock and callback. Pay attention to the trend of crude oil and external market, maintenance and inventory dynamics of mixed xylene unit and the impact of downstream demand on its price.

According to the data monitoring of the business agency, the average ex factory price of LLDPE (7042) in East China was 9290.00 yuan / ton on October 24 and 8920.00 yuan / ton on October 28, with a decline of 3.98% during the week and an increase of 8.12% compared with September 1.

According to the data monitoring of the business agency, the average ex factory price of LDPE (2426h) in East China was 12825.00 yuan / ton on October 24 and 12075.00 yuan / ton on October 28, with a decline of 5.85% during the week and an increase of 6.50% compared with September 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9500.00 yuan / ton on October 24 and 8933.33 yuan / ton on October 28, with a decrease of 5.96% during the week and an increase of 2.10% compared with September 1.

This week, the domestic polyethylene futures and current markets were dominated by weak decline, and the three major spot varieties collectively fell, showing a continuous downward trend during the week. Among them, the decline of HDPE in East China was the most obvious, and LLDPE and LDPE were also reduced to varying degrees. There are strong negative factors in the market this week. First, petrochemical enterprises collectively reduced the ex factory price by 200-1200 yuan / ton. Liansu futures fell significantly during the week, which is bad for the mentality of the spot market. The price of thermal coal fell, the effect of intervention policy appeared, the coal output increased, the tight supply situation eased, the coal production capacity was released in stages, the coal price fell, and the cost side support weakened. However, due to the impact of power restriction on the terminal, the demand is not prosperous in the peak season, the downstream just needs to enter the market, the overall transaction atmosphere of the market is poor, the merchant price follows the weakness, and the firm price focuses on a single discussion.

Liansu futures fell broadly this week, bringing obvious bad news to the spot market. On October 28, the opening price of polyethylene futures 2201 was 8730, the highest price was 8875, the lowest price was 8570, the closing price was 8760, the former settlement price was 8895, the settlement price was 8700, down 135, or 1.52%, the trading volume was 593760, the position was 246379, and the daily position was increased by – 24427. (quotation unit: yuan / ton)

At present, the atmosphere of adult trading in the market is poor, the overall trend of the three PE spot varieties is in the doldrums, and petrochemical enterprises have greatly reduced the ex factory price. The downstream mentality is cautious, multidimensional holds replenishment on demand, and the enthusiasm for entering the market is not good. In terms of demand, the film is limited, and the downstream is generally improved, showing a trend of not flourishing in the peak season. PE spot market is expected to continue to weaken in the short term.