According to Paris on October 11, 2019, the International Energy Agency (IEA) recently lowered its daily global oil demand growth forecast for 2019 and 2020 by 100,000 to 1.2 million barrels and 1.2 million barrels respectively in its latest monthly oil market report.

The fall in 2019 mainly reflects a technological adjustment, as new data show that increased demand in the United States in 2018 has curbed this year’s growth figures. For 2020, this decline reflects a decline in global gross domestic product (GDP) prospects.

The IEA says there will be two distinct situations in global oil demand this year. Demand grew by 425,000 barrels a day in the first half of this year, the weakest growth since the last recession. However, in the second half of this year, the IEA expects demand to grow by 1.57 million barrels per day. Recent data support this forecast: demand growth in non-OECD countries was 1 million barrels per day in July and 1.5 million barrels per day in August, respectively. China’s demand growth was steady, with an increase of more than 500,000 barrels per day over the same period of last year. Demand in OECD member countries remains relatively weak, with year-on-year growth recovering in the second half of this year, thanks to a low base in the second half of 2018. Demand is also supported by Brent crude oil prices, which have fallen by more than 30% from the same period last year.

The IEA lowered its forecast for global oil demand growth to 1.2 million barrels a day next year as global GDP growth is expected to decline.

I. Trend analysis

Nickel prices fluctuated narrowly this week, according to business association data. At the beginning of the week, the nickel price was 137166.67 yuan/ton. At the end of the week, the nickel price fell to 136583.33 yuan/ton, a slight drop of 0.43%, a 52.29% increase over the beginning of the year and a 34.03% increase over the previous year.

II. Market Trend Analysis

Recently, nickel prices have been in a narrow fluctuation trend. In early July, the news of Indonesia’s Mine Ban fluctuated, and eventually the dust fell to the ground. Nickel prices soared by nearly 40%. After the nickel price reached a high level, the high and narrow range shocks were dominant, and there was no big fluctuation.

At the beginning of this week, the Shanghai nickel index was 138830 points. Since then, prices have shocked narrowly, closing at 136710 points on Friday, with a weekly decline of 0.44%. The LME3 was $17,770 at the beginning of the week and closed at $17,645 at the end of Friday, a 0.40% weekly decline.

Downstream, stainless steel production profit slightly lost, inventory at a high level. The premium of nickel sulfate is higher than that of electrolytic nickel, and the consumption performance is weaker. Market: This week, nickel turnover is normal, business delivery is flat, downstream purchasing willingness is general.

3. Prospects for the Future Market

Nickel analysts from the Nonferrous Metal Branch of Business Association believe that Indonesia’s mining ban policy has a significant impact on nickel enterprises. The Philippines can hardly afford the import demand of nickel mines in China, and nickel mines will face shortage. However, previous gains were mainly due to the full realization of positive factors, coupled with weak consumption and insufficient momentum to continue to rise in the short term. Nickel prices are expected to remain volatile.

Price Trend

According to the data of business associations, the domestic market price of monoammonium phosphate dropped in the third quarter of 2019. The average ex-factory price of powdered monoammonium was 2183 yuan/ton on July 1, and 2066 yuan/ton on September 30, falling by 6.06%.

According to the data of business associations, the domestic market price of diammonium phosphate dropped in the third quarter of 2019. On July 1st, the average price of 64% diammonium was 2616 yuan/ton, and on September 30th, the average price of 64% diammonium was 2416 yuan/ton, down 7.64%.

II. Market Analysis

Monoammonium: In the third quarter, the domestic market of powdery monoammonium declined. In Anhui, 55% ammonium powder is quoted from 1950 yuan to 2100 yuan/ton, and the start of construction is stable. In Hubei, 55% of ammonium powder is quoted at about 2050 yuan/ton, while 60% of ammonium powder is quoted at 2050-2200 yuan/ton. Henan market maintained stable operation, 55% of ammonium powder factory quoted 2100 yuan / ton, and started smoothly. The price of 55% ammonium powder in Shandong province is 2000-2100 yuan/ton, which is stable. Sichuan province 55% ammonium powder factory quoted about 2050 yuan/ton.

Diammonium: the domestic diammonium market fell in the third quarter. At present, 64% of diammonium in East China mainstream factory quotation 2100-2300 yuan/ton. At present, 64% of diammonium in Hubei province is offered 2300-2400 yuan per ton, 64% of diammonium in Shandong is offered 2200-2400 yuan per ton, and 64% of diammonium in Yunnan and Guizhou is offered 2400 yuan per ton.

Industry chain: In the third quarter, the domestic sulphur market continued to be weak, the price trend was down, the downstream demand performance was weak, there was no news support on the site, refineries in various regions fell appropriately according to their own conditions within the week. At present, the contradiction between supply and demand in the market is still the same. There is no news guide for the internal and external market. The atmosphere of stalemate and wait-and-see is strong, and the enthusiasm of terminal purchasing is weak. Domestic phosphorus ore slightly decreased. The overall market maintains stable operation, with small fluctuations in some areas. The price of liquid ammonia is relatively weak due to supply pressure. On the other hand, demand is not substantially good. The demand of compound fertilizer enterprises is insufficient and the whole is weak.

Industry: According to the price monitoring of business associations, there are 2 kinds of commodities rising and falling in the price list of phosphorus chemical industry in September 2019, 2 kinds of commodities falling, and 1 kind of commodity rising or falling to 0. The main commodities rising were yellow phosphorus (20.29%) and phosphoric acid (8.55%). The main commodities falling were monoammonium phosphate (-3.88%) and diammonium phosphate (-2.42%). This month’s average rise and fall was 4.51%. According to the price monitoring of business associations, there are three commodities rising and falling in the list of chemical fertilizer prices in September 2019, six commodities falling and ten commodities rising or falling to zero. The main commodities rising were ammonium nitrate (6.72%), liquid ammonia (2.39%) and ammonium sulfate (1.06%). The main commodities falling were ammonium chloride (-6.31%), monoammonium phosphate (-3.88%) and diammonium phosphate (-2.42%). This month’s average rise and fall was – 0.57%.

3. Future Market Forecast

Ammonium phosphate analysts at business associations said the ammonium phosphate market was weak in the third quarter and prices continued to fall. Due to insufficient follow-up downstream, the market price of raw material sulfur has fallen sharply, and the market of ammonium phosphate is difficult to improve. The downstream compound fertilizer market is light and enterprises have a strong wait-and-see attitude. It is anticipated that the ammonium phosphate market will continue to decline in the later period. It is suggested to pay attention to the situation of winter reserve fertilizer and raw material market.

Price Trend

According to the data of business associations, caprolactam prices rose in September. The average market price of caprolactam was 1 2033.33/ton at the beginning of the month and 12 600.00/ton at the end of the month, which was 4.71% higher than that at the beginning of the month. On October 9, the caprolactam commodity index was 64.38, up 1.01 points from yesterday, down 35.62% from 100.00 points in the cycle (2017-03-02), and up 10.69% from 58.16 points on May 16, 2017. (Note: Period refers to 2017-03-01 to date)

II. Market Analysis

Products: Up to October 10, Shandong Luxi Chemical Caprolactam liquid price 11900 yuan/ton, cash out of the factory, the first and second phase of the plant normal start-up operation, the actual transaction can be negotiated; Baling Hengyi Caprolactam liquid quoted 13,000 yuan/ton, accepted delivery, 450,000 tons of caprolactam plant normal operation. Hubei Sanning caprolactam liquid offer 12700 yuan/ton, accepted delivery, 140,000 tons of caprolactam plant normal operation. Fujian Tianchen caprolactam liquid price is 13700 yuan/ton, the plant is in normal operation, acceptance delivery.

Industry chain: In September, the pure benzene market was adjusted as a whole. The attack on Saudi Arabia led to a surge in the crude oil and benzene markets. The reference price of pure benzene on September 30 was 5752.00, which was 9.14% higher than that on September 1 (5270.20). Cyclohexanone market followed. The reference price of cyclohexanone on September 30 was 9050.00, which was 11.27% higher than that on September 1 (8133.33). Downstream PA6 is driven by cost. The reference price of PA6 on September 30 was 14566.67, up 6.72% compared with September 1 (13650.00).

Industry: According to the price monitoring of business associations, there are 46 kinds of commodities rising annually in the chemical sector in the list of commodity prices rising and falling in September 2019. Among them, 30 kinds of commodities increased by more than 5%, accounting for 35.7% of the monitored commodities in the sector. The first three commodities increased were nitric acid (54.17%), butanone (37.13%) and hydrochloric acid (35.14%). Thirty-two kinds of commodities declined annually, 13 of which declined by more than 5%, accounting for 15.5% of the monitored commodities in this sector. The products of the first three declines were trichloromethane (-20.83%), sulfur (-16.35%) and R22 (-14.00%). This month’s average rise and fall was 4.09%.

3. Future Market Forecast

Analysts of business association caprolactam believe that the domestic caprolactam market rose in September because of the cost of raw materials. Supported by favorable conditions, the price of liquids began to rise, while the price of solids kept rising. PA6 followed closely with the price rise. In October, the crude oil and pure benzene markets gradually declined and the atmosphere was flat. It is expected that the market of caprolactam will be consolidated in the later period.

In the fourth quarter, the pressure of domestic polyolefin new production capacity release, supply side is facing a larger increase expectation, while the peripheral market also ushered in the peak of capacity expansion, olefin prices continue to bear pressure, import pressure has increased, especially PE market is more significant. On the demand side, downstream construction of plastics is at a low level, the overall demand is weaker than last year, downstream construction of PP is still acceptable, but due to the negative growth of automobile production and the decline of household appliances production, terminal demand in the fourth quarter is hard to say optimistic. From the valuation point of view, in the first half of the year, the production cost of Shenhua Baotou and China Coal Energy and other coal chemical giants ranged from 5100 to 5700, and the gross profit of sales was still more than 1500 yuan/ton. Horizontal comparison of polyolefins in chemical products was overestimated.

Therefore, under the background of loose supply and weak macro-level in the fourth quarter, there is still room for downward market price focus.

Domestic supply increased in the fourth quarter

In 2019, domestic PE plans to put into operation six sets of devices, involving capacity of 2.38 million tons per year. Among them, Jiutai energy products have been put on the market in June, and Sino-Angolan Union has also achieved mass production and sales in September. Baofeng Phase II is expected to be commissioned in October. Qinghai Damei, Zhejiang Petrochemical and Hengli plan to put into production in the fourth quarter. Although some devices may be delayed, the centralized release of new capacity in the previous period in the fourth quarter will still bring a lot of incremental supply.

In 2019, China’s PP plans to put into operation eight sets of devices with a capacity of 3.47 million tons per year. Among them, Satellite Petrochemical, Jiutai Energy and Hengli have been put into operation smoothly. Zhongan started commercial operation in September. Juzhengyuan is expected to produce in October. Baofeng plans to start production in October, and Damei and Zhejiang Petrochemical Plans in Qinghai put into production in the fourth quarter. At present, Juzhengyuan, Zhongan and Baofeng products are expected to concentrate on the market in the fourth quarter.

This year is a small year of petrochemical overhaul, especially PE varieties, and the low overhaul rate also led to a substantial increase in production, of which the cumulative output of PE increased by 12.9% (2.2% last year) in January-August and 13.1% (9.7% last year) in linear cumulative growth. At present, the planned maintenance in the fourth quarter is not strong, and the pre-parking devices will be restarted at the end of September. Under the background of new capacity release and maintenance return, the market supply pressure may be further highlighted.

With the help of overhaul window and increased sales, Petrochemical olefin inventory has dropped to a low level in the year, and low inventory supports short-term market prices. However, with the device restart at the end of the month, the market supply gradually returns, and downstream has some inventory, Petrochemical is expected to reopen the accumulation, especially after the National Day holiday will appear obvious accumulation.

The import window opens again

In 2019, foreign countries are also the year of polyolefin production. PE and PP plans to increase production capacity by 5.29 million tons per year and 3.05 million tons per year. From a time point of view, peripheral production is concentrated in the second half of the year, and some new devices will be exported mainly to China, which will undoubtedly increase the supply pressure in the domestic market.

Customs data show that PE imports totaled 9.523 million tons from January to July, up 18.2% year-on-year, LLDPE imports 3.031 million tons, up 24.9% year-on-year. Loose supply in overseas markets has led to pressure on US dollar quotations, and the current import window has reopened. With the release of overseas capacity in the fourth quarter, PE import pressure has increased, especially in the competitive low-end material market.

Customs data show that PP imports from January to July totaled 2.844 million tons, an increase of 6.4% (up – 3.3% last year). Since late August, due to the rebound in domestic prices, the price gap between domestic and foreign prices has shifted to a positive link, and the import window has reopened. Combined with the transport time accounting, it is expected that October arrival volume will increase annually.

Weakening downstream demand expectations

The data show that the cumulative output of plastic products from January to August was 60.669 million tons, an increase of 8.1% over the same period last year, and the cumulative export volume was 9.258 million tons, an increase of 11.0% over the same period last year. According to the third-party survey, the high output growth in July and August may be related to export rush. The United States plans to impose tariffs on the remaining commodities in October. Exports in the fourth quarter are expected to fall.

As far as PE is concerned, the downstream agricultural film has entered the peak production season, and the start-up rate has steadily increased. After the end of October, the production of packaging film has basically stabilized. Relatively speaking, the downstream load is at a low level this year, and the overall demand is weaker than last year.

For PP, downstream injection moulding load is relatively high, plastics weaving and BOPP start-up are in normal range, but affected by environmental protection and terminal demand, there is limited space for downstream start-up in the future.

From the terminal point of view, the demand for PP modification is concentrated in the automobile and household appliances industries. From January to August, the cumulative output of domestic automobiles was 15.939 million units, down 12.1% from the same period last year. The output of main household appliances was 38.0589 million units, up 5.0% from the same period last year.

In the second half of the year, although the decline of automobile production has narrowed, the negative growth trend is still difficult to change, and the growth rate of main household appliances production has continued to decline since May. In the current market environment, the terminal demand probability continues to weaken expectations in the fourth quarter.

Industry sales gross profit is at a high level

The report of listed companies shows that the unit production cost of Shenhua Baotou PE and PP is 5164 yuan and 5076 yuan respectively in the first half of this year. The unit sales cost of China Coal Energy PE and PP is 5619 yuan and 5440 yuan respectively. The gross profit of sales is maintained at the high level of 1470-2140 yuan/ton.

Horizontally, polyolefins are still very profitable in all chemical products. With the large-scale refining and chemical projects coming into operation, the supply and demand pattern of polyolefins is expected to be relaxed, and the profits of the industry will be passively compressed.

Operational strategy: Polypropylene can establish empty list step by step near 8200, target point around 7700 – 7900, stop loss point is set according to warehouse price. Risk hints: delayed commissioning of the plant, Saudi Arabian events, macro-policy impact beyond expectations.

Recently, Wang Zhanjie, Vice Chairman of China Plastic Processing Industry Association, shared the economic indicators of China’s plastic products industry from January to July 2019 in a series of activities entitled “China Plastic Industry Chain Summit Forum and the 30th Anniversary Celebration of China Plastic Processing Industry Association”.

According to reports, from January to July 2019, the cumulative output of plastic products enterprises in China totaled 53.2141 million tons, an increase of 7.22% compared with the same period last year.

The operating income of 15474 Enterprises above the scale was 105.37 billion yuan, an increase of 4.06% over the same period of last year.

The profit was 53.2 billion yuan, up 12.35% year-on-year, and the profit margin of business income was 5.05%.

The cumulative export volume of plastic products was 41.691 billion US dollars, an increase of 7.13% over the same period of last year.

Wang Zhanjie pointed out that the joint efforts of three million industrial workers in the industry have provided rich material resources and made due contributions to the development of relevant industries and the improvement of people’s living standards.

I. Trend analysis

As shown in the chart above, the domestic copper price fell slightly today. The average domestic spot copper price was 46816.67 yuan/ton, down 0.49% from the previous trading day, down 2.79% from the beginning of the year and down 7.39% from the same period last year.

II. Market Analysis

Current copper prices have been mainly low volatility, during the National Day holidays, macroeconomic data in Europe and the United States show weakness, and market worries about the global economic slowdown continue to ferment. Under the background of macro-empty, copper price pressure is more obvious. However, global copper stocks remained low, LME copper stocks fell by nearly 50,000 tons from the beginning of September, and domestic copper stocks fell by 40,000 tons to 117,000 tons from September. In addition, with the recent maintenance of low copper prices, the price gap between domestic copper prices and Foshan scrap copper remains below 4000 yuan/ton, and the tightening of scrap copper supply is conducive to boosting electricity copper consumption. However, the consumer side did not improve. In August, the start-up rate of copper strip and foil enterprises was 69.46%, down 7.31 percentage points from the same period last year. In terms of power grid, the investment of power grid projects in August totaled 237.8 billion yuan, a cumulative decrease of 15.2% over the same period of last year.

3. Prospects for the Future Market

In the light of the above situation, copper analysts from the Nonferrous Branch of Business Association believe that supply and demand are weak, and copper prices are expected to remain low and volatile.

Price Trend

The domestic butadiene market has seen both ups and downs. As of October 9, the domestic market price of butadiene was 11784 yuan/ton, up 13.76% annually and 0.76% year-on-year.

II. Analysis of Influencing Factors

Products: The domestic butadiene market has seen both ups and downs. After the stabilization of Huajin plant in North China, it restarted for export. The transaction price was slightly higher. It was difficult to find a low-price offer in North China. The middleman sent the price reference to 11550-11650 yuan/ton. However, due to a small number of supply and flow pats from manufacturers, the downstream market expectations were empty and the inquiry intention was not high. Affected by the northern atmosphere and the shutdown of a Shunding factory in the downstream of East China, the merchants have certain expectations for the export of raw materials. Therefore, the atmosphere is also cautious. They are sent to the price reference of 11800-12000 yuan/ton for discussion.

Enterprises: Yangtze Petrochemical 220,000 tons/year plant, 3 # long-term parking; 1 # and 2 # total 120,000 tons/year plant normal operation. The 165,000 tons/year unit of Zhenhai Refinery and Chemical Company operates normally, mainly for mutual supply and a small amount for export. The 120,000 tons/year plant of Liaotong Chemical Company operates normally, and the trading range is 11,110-11,170 yuan/ton. Fushun Petrochemical 160,000 tons/year plant is in normal operation, and there is no export for the time being.

Market: Butadiene market inquiries in East China are limited. Businessmen pay more attention to the arrival of late shipments, and cautious market expectations lead to low downstream inquiry intention, which is sent to the price reference of about 11800 yuan/ton. The butadiene market in Shandong is limited, the northern export manufacturers have no obvious inventory pressure for the time being, and the supply price is strong enough to support the middleman’s offer intention at about 11500-11600 yuan/ton; however, the downstream market expectations for the late market are weak, the inquiry intention is low, and the actual single negotiation is weak.

Industry chain: Downstream synthetic rubber, styrene-butadiene rubber, the mainstream sales company of styrene-butadiene rubber supply price stability, the actual single delivery mostly heard inverted price. The mainstream prices of Fushun and Qilu 1502E in North China are between 1120 and 11300 yuan/ton, while the mainstream prices of Qilu 1502E in East China are around 11400 yuan/ton.

Cis-butadiene rubber: domestic cis-butadiene rubber ex-factory supply price has not been adjusted, market quotation interval has been sorted out, traders generally hold narrow positions, tentative offer, along with the market delivery is the majority; but the first return to the market after the festival, turnover is unsatisfactory, and there are many parts of inverted butadiene benzene, individual inverted sources of cis-butadiene dragged low, so the transaction price or low-end interval.

3. Future Market Forecast

Although the price performance of some manufacturers in Northeast China is strong, the market atmosphere is skewed due to some supply-flow patches, and the arrival of shipments in the second half of the month is relatively abundant. Short-term market is difficult to support clearly. Butadiene analysts from business associations expect that the market will be weak and consolidate mainly. Suggestions are made to pay attention to the closing guidelines.

Price Trend

The market price of NBR rose sharply in September. According to the monitoring of business associations, the price of NBR at the beginning of the month was 16466 yuan/ton, and at the end of the month it was 17566 yuan/ton. The price of NBR at the end of the month was 6.68% higher than that at the beginning of the month.

II. Market Trend Analysis

At the beginning of the month, NBR was mainly stable. Although the ex-factory price of NBR increased slightly at the beginning of the month, the downstream demand was light and the purchasing atmosphere was weak. Traders mainly shipped NBR, and the market offer of NBR was basically stable. According to business association monitoring, on September 2, Lanzhou Petrochemical NBR factory price increased 200 yuan/ton, 305E 16400 yuan/ton, N41E 16100 yuan/ton, 3308E 16400 yuan/ton and Shunze NBR 3355 factory price 16 000 yuan/ton.

Since mid-September, on the one hand, due to the impact of soaring crude oil, raw material butadiene has risen sharply, forming a greater pressure on the price of nitrile-butadiene rubber. According to the monitoring of business associations, the price of raw material Butadiene on September 16 was 10 401 yuan/ton, and on September 29, the price of butadiene was 1 1845 yuan/ton, up 13.66 percent as a whole. On the other hand, the domestic NBR start-up rate was as low as 50% in September, and the manufacturers and social stocks were on the low side. According to business associations, as of mid-September, the output of several major NBR manufacturers in China was only around 6,000 tons, which was lower than before. The reduction of supply supported the price of NBR to a certain extent. In mid-month, the factory price of NBR in Lanzhou Petrochemical Company increased by 600 yuan/ton, 305E by 17,000 yuan/ton, N41E by 16,700 yuan/ton and 3308E by 17,000 yuan/ton.

Affected by the environmental protection factors of National Day, some terminal factories in North China were shut down one after another, demand was further reduced, purchasing of high-priced nitrile-butadiene in downstream areas was reduced, the rising trend of nitrile-butadiene rubber price was stopped, and the factory price of Lanzhou Petrochemical Company was slightly reduced by 200 yuan/ton at the end of the month. According to the monitoring of business associations, the factory price of nitrile-butadiene rubber in Lanzhou Petrochemical Company was lowered by 200 yuan/ton on September 29, and the 305E was reported to 41E is 16500 yuan/ton and 3308E is 16800 yuan/ton.

3. Prospects for the Future Market

Business analysts believe that due to the sharp rise in butadiene, the price of NBR has risen sharply. There are still two points to be seen in the future market: first, whether the high price of butadiene can be sustained, and if it can be sustained, it will continue to support NBR; second, whether the downstream demand will increase after the National Day, and if the demand is still weak at that time, NBR will still fall.

On September 30, the hydrogen peroxide commodity index was 127.17, unchanged from yesterday, down 41.39% from the cyclical peak of 216.98 points (2017-12-24), and up 77.27% from the lowest point of 71.74 on August 03, 2016. (Note: Period refers to 2011-09-01 to date)

In September, the peak season of hydrogen peroxide did not perform well. Prices fell sharply. At the beginning of the month, the average price of hydrogen peroxide was 1250 yuan/ton, and at the end of the week, the average price of hydrogen peroxide was 1170 yuan/ton. The price fell by 6.4%.

Products: In August, hydrogen peroxide experienced a surge, an increase of more than 20%. In September, hydrogen peroxide still wanted to maintain a rising trend. At the beginning of the month, the mainstream price of 27.5% hydrogen peroxide was 1260-1350 yuan / ton, and the mainstream in the region was 1500-1600 yuan / ton, the price rose 50-100 yuan / ton.

Since September 4, hydrogen peroxide has entered a long downward trend, with prices falling by more than 10% as a whole. With the Mid-Autumn Festival approaching, dangerous goods embargo during the market news festival, the terminal’s purchasing of hydrogen peroxide is limited. Price increases in the paper industry are frequent, but in fact the market is generally rising. Terminal performance is not good, hydrogen peroxide Market returned to rational, falling one after another. The price of mainstream hydrogen peroxide 27.5% yuan 1180-1320 yuan / ton, the price fell 30-80 yuan / ton. The main quotation of 27.5% yuan is 1200-1250 yuan / ton, and the price is down 10-50 yuan / ton. The main quotation in the area such as Qi and etc. is 1500-1600 yuan / ton, and the price is flat.

After the Mid Autumn Festival, near the national day, the downstream receiving goods are not active, ready to overhaul factories, the terminal demand is generally, and many policies are unclear before the national day, the wait-and-see attitude is strong, and the procurement is not active. At present, there is no wish to stock up before the National Day, the Mid-Autumn Festival high-speed restrictions, some water sales are not smooth, inventory squeeze is too much, continued to fall sharply. The regional mainstream quoted 1100 yuan / ton, the price fell 100 yuan / ton, the mainstream quotation of Yuan area was 1080-1240 yuan / ton, the price dropped 100 yuan / ton, and the area was 1400 yuan / ton, the price was relatively stable. In September, hydrogen peroxide enters the downward channel as a whole.

Downstream paper: in early September, driven by the market atmosphere of “golden nine silver ten”, prices began to rise. Some of the paper mills issued a notice of price rise, and the reason for the rise may be related to the recovery of industry confidence and the preparation of double 11. In late September, driven by Ninglong, Liwen and other large factories, there was a small price hike after the Mid-Autumn Festival. Many paper enterprises joined the price hike camp one after another. As a result, small and medium-sized paper mills followed the price hike. With the gradual arrival of Double Eleventh, New Year’s Day and Spring Festival, orders began to release gradually, and demand will also increase. In September, because Beijing, Tianjin, Hebei and the surrounding areas are affected by the National Day and the autumn and winter environmental protection policies, the paper mills are affected by comprehensive factors such as suspension and production restriction, and the production costs are constantly increasing, which makes the price of paper products in the region constantly rising.

Industry: In September 2019, the business association commodity supply and demand index (BCI) was 0.31, with an average increase of 3.77%. This reflects that the manufacturing economy was expanding compared with last month, and the economy was running smoothly.

Business Club hydrogen peroxide analysts believe that during the Eleventh period, hydrogen peroxide manufacturers and terminals continue to carry out parking maintenance, the market supply is tight, and hydrogen peroxide prices are easy to rise and fall in October.