According to the monitoring of the commodity market analysis system of Shengyi Society, the price of anhydrous hydrofluoric acid in China remained stable this week. As of November 15th, the benchmark price of hydrofluoric acid in Shengyi Society was 11975.00 yuan/ton, an increase of 5.51% compared to the beginning of this month (11350.00 yuan/ton).

Raw material side: The prices of raw materials such as sulfuric acid and fluorite have increased. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight. According to the monitoring system of Business Society, the price trend of domestic fluorite has risen this week. As of the weekend, the average price of domestic fluorite was 3668.75 yuan/ton, an increase of 1.73% compared to the beginning of the week price of 3606.25 yuan/ton, and a year-on-year decrease of 0.84%.

Demand side: The downstream refrigerant market has seen an upward trend, with continuous destocking throughout the year. Fluorine chemical companies within quota control have strong confidence in maintaining stable prices in the refrigerant market. Currently, prices in the foreign trade market are gradually increasing, and upstream products are mainly purchased on demand. Some models of devices are expected to undergo maintenance or shutdown. Overall, the market’s consumption of raw materials is still limited. Affected by this, the domestic market price of hydrofluoric acid remains high and stable.

Market forecast: In the near future, the supply of hydrofluoric acid will be tight, and some models of equipment are expected to undergo maintenance or shutdown. The market price of raw materials has risen, and downstream procurement is mainly based on demand. We adopt a wait-and-see and cautious attitude towards high priced raw material procurement. It is expected that the price of hydrofluoric acid will remain stable in the later period.

This week, due to the increase in production capacity and fluctuations in raw material prices, the supply and demand pattern of the acrylic acid market may remain relatively stable. As of November 12th, the benchmark price of acrylic acid in Shengyi Society was 6850.00 yuan/ton, an increase of 0.18% compared to the beginning of this month (6837.50 yuan/ton).

1、 Market supply and demand situation

Supply side:

Recently, some enterprises have resumed work and supplemented local supply, which has eased the tight supply situation in some areas. However, due to the rise in acrylic acid prices, the production costs of some manufacturers have increased, which has had a certain impact on market supply. Nevertheless, the overall supply side remains stable, providing sufficient support for the market.

Demand side:

The demand for acrylic acid in downstream industries has maintained stable growth. With the increasing demand for chemical raw materials such as acrylic acid in downstream industries such as coatings, adhesives, textiles, plastics, etc. However, due to price increases, some downstream companies may adopt a wait-and-see attitude and replenish as needed, rather than stockpiling in large quantities.

2、 Fluctuations in raw material prices

The fluctuation of propylene prices directly affects the production cost of acrylic acid. Despite the recent decrease in propylene prices, the previous high prices may still have a lagging impact on the production cost of acrylic acid. As of November 12th, the benchmark price of propylene in Shengyi Society was 6790.75 yuan/ton, a decrease of 0.39% compared to the beginning of this month (6818.00 yuan/ton)

3、 Future prospects

Under the favorable guidance of the combination of supply and demand and cost, the price of acrylic acid in the market is expected to continue to operate steadily. However, it is also important to note the following risk factors:

Fluctuations in raw material prices: Further fluctuations in propylene prices may have an impact on the production costs and prices of acrylic acid.

Changes in downstream demand: If the growth of downstream demand slows down or falls back, it will put pressure on the price of acrylic acid market.

Changes in policy environment: Changes in domestic and international policies may also have an impact on the acrylic acid market.

In summary, despite the decrease in the price of raw material propylene, the market price of acrylic acid still shows a strong trend of operation. This is mainly due to the tight supply and demand pattern in the market, the impact of raw material costs, and the combined effect of market atmosphere and investor mentality. The future market price of acrylic acid will continue to be influenced and constrained by various factors, and investors and downstream enterprises need to closely monitor market dynamics and price changes in order to adjust investment strategies and procurement plans in a timely manner.

The phthalic anhydride market fluctuated and fell in November

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the price of phthalic anhydride in neighboring countries was 6950 yuan/ton, a fluctuating decrease of 0.89% compared to the price of 7012.50 yuan/ton on November 1st. The production of phthalic anhydride equipment is stable at a high level, and the supply of phthalic anhydride is sufficient, resulting in significant downward pressure on phthalic anhydride prices; The price of ortho benzene has fallen, the cost of ortho phthalic anhydride has decreased, the price of industrial naphthalene has fluctuated and fallen, and the cost support of naphthalene phthalic anhydride has weakened. The oversupply has led to a decrease in costs, and the overall price of phthalic anhydride has fluctuated and fallen.

Supply side: Adequate supply of goods

In November, the operating load of domestic phthalic anhydride plants increased, and about 70% of phthalic anhydride manufacturers started production. The supply of phthalic anhydride from manufacturers remained stable, and the supply of phthalic anhydride was sufficient.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the price of ortho benzene was 6900 yuan/ton, which was temporarily stable compared to the price of ortho benzene on November 1st at 6900 yuan/ton, but decreased by 200 yuan/ton or 2.82% compared to the price of ortho benzene on October 1st at 7100 yuan/ton. In November, the price of ortho phthalic anhydride stabilized, and the cost of ortho phthalic anhydride temporarily stabilized, reducing the downward pressure on ortho phthalic anhydride.

Demand side: The DOP market has fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the DOP price was 9238.75 yuan/ton, a fluctuating increase of 1.51% compared to the DOP price of 9101.25 yuan/ton on November 1st. The demand for plasticizer DOP has increased, and the price of plasticizer DOP has fluctuated and risen. The operating rate of downstream plasticizer enterprises has increased, and the demand for phthalic anhydride from plasticizer manufacturers has risen. The support for phthalic anhydride demand still exists, and the downward pressure on phthalic anhydride has weakened.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of demand, DOP manufacturers have high operating loads, and downstream support for phthalic anhydride still exists. Overall, costs are temporarily stable, demand is stable, and it is expected that the market for phthalic anhydride will fluctuate and stabilize in the future.

The acetone market saw a narrow upward trend in October. According to the analysis system of Business Society, the national acetone market reported an average of 5865 yuan/ton on October 1st, rising to 6005 yuan/ton on October 31st, an increase of 2.39%. Looking at the acetone market in East China, it reported an average of 5680 yuan/ton on October 1st, rising to 5780 yuan/ton on October 31st, an increase of 3.35%.

In the first half of the month, the concentration of port cargo increased, and the mentality of traders was positive, which was boosted. The offer was pushed up, but there was no intention to lower it. Downstream sporadic terminal factories made purchases, and the trading atmosphere improved. In the second half of the month, port inventory continued to decline, and the supply of goods was mainly concentrated in the hands of a few traders. Traders had a high upward sentiment, and the average price at the end of the month exceeded 6000 yuan/ton.

In terms of supply, as of the end of the month, the inventory at Jiangyin Port was 20500 tons, including 18000 tons in Huaxi and 2500 tons in Hengyang.

In terms of equipment: Jilin Petrochemical’s 150000 tons/year phenol ketone unit will be shut down for maintenance starting from March 4th, and is expected to undergo maintenance for about a year; Jiangsu Ruiheng 650000 tons/year phenol ketone plant will shut down from October 9th to 14th; Changchun Chemical’s 480000 tons/year phenol ketone plant will be shut down for maintenance on October 10th, with an estimated 45 days.

From the demand side, the top two downstream industries have relatively stable production, with bisphenol A production at 60% and acetone cyanohydrin MMA production at 50%. The overall production of bisphenol A and MMA downstream is stable, with limited export orders for isopropanol and domestic facilities maintaining a level close to 50%.

It is expected to remain stable and rise in November. Upstream, the external environment is weak, and the cost support is weak. On the supply side, Sinopec Mitsui will shut down for maintenance in mid to late November. Changchun Chemical Plant is expected to resume operation in mid November, and Dongying New Plant is expected to have goods for export in November. The expected import volume is between 32000 and 35000 tons, and Business Society expects the market to steadily advance in November. The overall monthly average price may be higher than that in October, and the market price in East China is around 5700-6150 yuan/ton.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable this week. On October 31st, the average market price of soda ash was 1584 yuan/ton, and on October 28th, the soda ash price was 1584 yuan/ton. The price remained stable during the week, with a decrease of 1.86% compared to the beginning of the month.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market remained stable this week. On the supply side, the utilization rate of soda ash production capacity has been reduced, and the market supply of goods has slightly decreased. However, in terms of demand, downstream follow-up is still weak, and the consumption of soda ash is not obvious. On site trading is weak, and soda ash enterprises have accumulated inventory. The soda ash market remained weak and watchful during the week.

As of October 31st, the reference price for the soda ash market in East China is around 1420-1600 yuan/ton for light soda ash; The reference price for the soda ash market in Central China is around 1370-1600 yuan/ton for the mainstream price of light soda ash.

According to the commodity analysis system of Shengyi Society, the downstream glass market continues to rise. From October 28th to 31st, the price of glass increased from 15.75 yuan/square meter to 15.95 yuan/square meter, an increase of 1.27%. The downstream demand in the glass market is good, with smooth shipments from manufacturers and significant destocking in the market. Glass prices are rising steadily, and the market is running strongly this week.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity continues to be high, spot alkali factory inventory is sufficient, enterprise sales are under pressure, downstream glass prices are relatively strong, but the boost to soda ash market demand is limited. Under the supply-demand game, it is expected that soda ash will continue to be weakly consolidated in the short term, and specific attention should be paid to downstream demand follow-up.

According to the Commodity Market Analysis System of Shengyi Society, the PP market situation remained stagnant and consolidated at the end of October, with prices of various brand products fluctuating. As of October 29th, the mainstream offer price for wire drawing by domestic manufacturers and traders is around 7592.86 yuan/ton, and the price level has basically returned to the beginning of the month.

Price trend

In terms of raw materials:

In terms of international crude oil, the current geopolitical situation is showing a tense trend, while some consumption has slightly improved, to some extent boosting the market. But on October 28th, international crude oil futures fell sharply, so the market turned weak and came under pressure. At the same time, the contraction of propylene supply is favorable for the market, but with the gradual caution in chasing high consumption, there will be a slowdown in the increase at the end of the month accompanied by a narrow correction. The domestic supply of methanol has recovered in the early stage, but there is a lack of strong support on the supply and demand side, and prices are running at a stalemate. Previously, the price of propane was relatively stable due to internal low and external high pulling each other. Overall, at the end of October, PP raw materials experienced more declines and less increases, with average support on the cost side.

Supply side:

At the end of October, the load level of domestic PP enterprises was reduced due to the implementation of some enterprise equipment maintenance plans. The maintenance of production lines in the latter half of the year is concentrated in the southern region of China, with an overall industry load of around 76.5%. At present, the inventory of two barrels of PP oil in China is stable at around 765000 tons, which has decreased compared to mid month. But the supply is still at a sufficient level. Overall, the supply side provides sufficient support for PP spot prices.

In terms of demand:

At the end of October, there was a certain increase in demand for PP, and the load on end enterprises has risen. The consumption of woven bags such as fertilizers, cement, and rice continues to increase, and the warehousing of plastic weaving enterprises has generally decreased, with an increase in willingness to build warehouses. On the other hand, due to the cooling weather, downstream consumption of PP non-woven fabrics has also rebounded, which has to some extent boosted the demand for fiber PP materials. The demand side has seen a narrow increase in support for PP spot goods.

Future forecast

At the end of October, the price of PP in the domestic Chinese market remained stagnant and consolidated. Fundamentally speaking, the comprehensive support of upstream raw materials for PP is average, while the demand side is expected to heat up in the short term due to the increase in e-commerce consumption. However, the previous increase has to some extent suppressed domestic trading, coupled with the weakened impact of loose funding policies and the negative impact of industry expansion in the fourth quarter. In the short term, it is expected that PP prices will continue to operate in a consolidation manner.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 28th, the reference average price of domestic urea market is 2175 yuan/ton, which is 1.18% lower than the reference average price of 2201 yuan/ton on October 21st.

2、 Market analysis

market conditions

The domestic urea market prices have remained stable after a slight decline this week. As of October 28th, the ex factory price of urea in Shandong region is around 1770-1800 yuan/ton, in Hebei region it is around 1830 yuan/ton, in Henan region it is around 1800 yuan/ton, and in Hubei region it is around 1850 yuan/ton.

Supply and demand situation

The supply and demand balance in the urea market this week. In terms of supply, the urea market has sufficient supply this week, and the production of enterprises has remained at a high level. In terms of demand, downstream purchases are made on demand, with a focus on essential needs and limited market transactions.

3、 Future forecast

The urea analyst from Shengyi Society believes that the urea market has remained stable in recent days, with no significant fluctuations in the market. At present, there is no positive news in the urea market. It is expected that the domestic urea market will experience a narrow range of price consolidation and operation in the short term.

This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of phthalic anhydride produced by phthalic anhydride was 7175 yuan/ton, a decrease of 1.54% from the price of 7287.50 yuan/ton on October 18th; Compared to October 1st, the price of phthalic anhydride at 7200 yuan/ton first rose and then fell, with a decrease of 0.35%. This week, the production of phthalic anhydride equipment has been stable, and the supply of phthalic anhydride is sufficient. However, the actual transactions in the phthalic anhydride market are limited, resulting in oversupply and significant downward pressure on phthalic anhydride prices. This week, the domestic price of ortho phthalic anhydride is 6900-7200 yuan/ton, while the price of industrial naphthalene is stabilizing. The cost of naphthalene phthalic anhydride has decreased, and the domestic price of naphthalene phthalic anhydride is 6700-7000 yuan/ton. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stabilizing, the price of industrial naphthalene is temporarily stable, and the cost support of naphthalene phthalic anhydride still exists. The overall price of phthalic anhydride has fluctuated and fallen.

Supply side: Adequate supply of goods

This week, the operating load of domestic phthalic anhydride plants has increased. 80% of the phthalic anhydride equipment in Tongling, Anhui has started construction; The 100000 ton phthalic anhydride plant of Xinyang Group is operating normally, and the phthalic anhydride equipment of Shandong Hongxin is starting up normally; Panjin Ruide Chemical’s phthalic anhydride equipment is operating at 80% load, while Shijiazhuang Bailong Chemical’s phthalic anhydride equipment is operating normally. Phthalic anhydride manufacturers have stable sources of goods and sufficient supply of phthalic anhydride.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of ortho benzene was 7100 yuan/ton, which is temporarily stable compared to the price of ortho benzene of 7100 yuan/ton on October 1st. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stable, and the downward pressure on ortho phthalic anhydride is weak.

Demand side: The DOP market has fluctuated and stabilized this week

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of plasticizer DOP was 9226.25 yuan/ton, which fluctuated and increased by 0.14% compared to the DOP price of 9213.75 yuan/ton on October 18th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.64% increase. The price of isooctanol is fluctuating and stabilizing, DOP costs are temporarily stable, DOP manufacturers have orders for sales, downstream demand and procurement are generally active, DOP manufacturers have stable high production levels, DOP supply is sufficient, supply and demand are relatively balanced, and the price of plasticizer DOP is fluctuating and stabilizing. Downstream demand is relatively stable, and phthalic anhydride is in urgent need of procurement. The enthusiasm for phthalic anhydride transactions is average.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of supply, phthalic anhydride manufacturers are operating at high loads, and the supply of phthalic anhydride is sufficient; In terms of demand, DOP manufacturers have stable production and phthalic anhydride is urgently needed for procurement. The expected increase in supply is greater than the increase in demand, and it is expected that the market for phthalic anhydride will fluctuate and decline in the future.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on October 21 was 883 yuan/ton, which is 3.28% lower than the average price of 913 yuan/ton on October 14.

2、 Market analysis

The price of ammonium sulfate in the domestic market has fallen this week. This week, the operating rate of ammonium sulfate enterprises has increased, and the market supply has increased. The downstream purchasing intention is not strong, the market inquiries have decreased, and there are many low-priced purchases, causing the market transaction center to continuously shift downwards. The demand for exports has weakened, and the market is running weakly. As of October 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 800 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 850-900 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been weak and declining recently, with the overall trend being mainly downward. At present, the market trading atmosphere is quiet, coupled with poor export market conditions. It is expected that the domestic ammonium sulfate market price will continue to operate weakly in the short term.

This week, the price of isooctanol stopped falling and remained stable

According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of isooctanol was 9200 yuan/ton, a decrease of 1.43% from the price of 9333.33 yuan/ton on October 11th last weekend; Compared to October 1st, the price of isooctanol at 8706.67 yuan/ton first rose and then fell, with an increase of 5.67%. After the holiday, the replenishment of isooctanol has ended, and the price of isooctanol has fallen from a high level. Demand support still exists, and the price of isooctanol has stabilized after stopping the decline.

Downstream plasticizer DOP prices stabilize after falling

According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of plasticizer DOP was 9213.75 yuan/ton, a decrease of 0.81% from the DOP price of 9288.75 yuan/ton on October 11th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.50% increase. Plasticizers will be replenished after the holiday, leading to an increase in demand for DOP and a rise in DOP prices. With the end of inventory replenishment and a decline in demand, the price of plasticizer DOP has fallen from a high level. But with the recovery of the economy and the support of demand for plasticizers and octanol, the demand for octanol still exists, and the price of octanol has stopped falling and stabilized.

Future expectations

According to the data analyst of Business Society’s octanol product, as the price of octanol rises to a high level, downstream customers’ resistance to high prices increases, market purchasing enthusiasm decreases, and coupled with the end of downstream customer inventory replenishment, octanol prices fall back from a high level; Positive policies continue to be implemented, economic expectations are expected to rebound, downstream customers are more proactive in receiving goods, and the price of octanol has stopped falling and stabilized. In the future, with favorable policies and a relatively warm sentiment in the octanol market, there is still support for octanol demand. Octanol manufacturers are starting to recover, and there is sufficient supply of isooctanol. The octanol market supply and demand are relatively balanced, and octanol prices are fluctuating and consolidating.