I. trend analysis

 

As shown in the figure above, today’s domestic copper price slightly fell to 47183.33 yuan / ton, 0.42% lower than the previous trading day, 2.03% lower than the beginning of the year, and 4.57% lower than the previous year.

 

II. Market analysis

 

EDTA

On the supply side, there have been frequent disturbances from the supply side of copper concentrate recently, among which a Chilean union leader supported the call for a 24-hour strike on November 12 in the fields of ports, mines, construction, retail, education and health care. However, in October, the supply of raw materials for copper mine was sufficient. Only Tongling Nonferrous Metals and Jiangxi copper industry overhauled the roughing link, and the refining output was not affected. On the demand side, with the policy increasing, the possibility of domestic economic stabilization has increased. At present, there are signs of improvement in the main areas of copper consumption, but it is still not obvious.

 

III. future prospects

 

Based on the above situation, copper analysts of nonferrous branch of business agency believe that: influenced by the negative comments of the United States on China US economic and trade consultation, the superimposition of domestic economic data shows that the pressure of stagflation is increasing and the overall atmosphere is empty. Supply and demand are weak, and it is estimated that copper prices will still be dominated by broad oscillation pattern.

EDTA 2Na

The overall expectation of the market is pessimistic

 

In recent years, due to the strong demand of polyester industry, the demand for glycol in the domestic market has maintained a rapid growth trend. Since entering the 21st century, the apparent consumption of glycol has continued to increase significantly. In 2002, it broke through 3 million tons, reaching 3.0199 million tons, becoming the world’s largest glycol consumer country surpassing the United States. Due to the rapid growth of demand, it has promoted the increase of glycol production capacity. In recent years, many large-scale glycol production units in China have been completed and put into operation. With the increasing production capacity of glycol in China, the output is also increasing.

 

Benzalkonium chloride

Although the production capacity and output of ethylene glycol in China are growing rapidly, it still can not meet the growing market demand of domestic polyester and so on. A large number of imports are needed every year, and the import volume is increasing year by year. At present, glycol products in China are mainly used to produce polyester, antifreeze, adhesives, paint solvents, cold resistant lubricants, surfactants and polyester polyols. Among them, polyester is the main consumption area of glycol in China, accounting for 94.0% of the total domestic consumption, and about 6.0% is used for antifreeze, adhesives, paint solvents, cold resistant lubricants, surfactants and polyester polyols. In recent years, the production of polyester (including polyester fiber, polyester resin and film) in China has developed rapidly. In 2010, the production of polyester will reach about 19 million tons, and the demand for glycol will reach about 6.65 million tons. In addition to the consumption of antifreeze and other aspects, it is expected that the total demand of glycol in China will still maintain a rapid growth.

 

At present, the supply of ethylene glycol is still in a medium low state, with 57.11% of the total domestic ethylene glycol starts (down), 60.24% of the non coal load (stable), and 52.69% of the coal production (down). Glycol prices fluctuated across the board, and the spot price in East China closed at 4630-4640 yuan / ton. The market supply is still at a relatively low level, which to some extent supports the mentality of the industry; the downstream polyester price has a narrow boost, but the substantive transaction is still poor; under the interweaving of long and empty markets, the transaction is light.

 

According to the production capacity data of CCF, currently it is known that the ethylene glycol production capacity that may be affected is 600000-800000 tons per year, and 40% – 50% of Saudi Arabia’s production capacity is exported to China. It can be considered that the impact on the domestic glycol supply will be at the level of 300000-400000 tons per year, affecting the operating rate of 3% – 4%. Whether there is likely to be a more serious impact in the future or whether there is a shortage of raw materials in other factories remains to be tracked, and geopolitical factors have become an unpredictable fuse in the glycol market. In addition, if there is no other accident, the lack of supply in import is likely to be filled by the increased domestic load with the increase of glycol price. Not only that, with the domestic price rising, the increase of import volume is also likely to occur.

 

Sodium Molybdate

The operation rate of ethylene glycol plant in China is about 60.24%, with a rise in the month on month ratio. The operation rate of coal glycol is about 68.22%, returning to the normal level. The MEG port inventory in East China’s main port area is about 498000 tons, an increase of 13000 tons compared with last week. The starting load of polyester plant is about 89.49%, which is still high. The production and sales of polyester are about 55%, and the sales volume has increased. On the basic level, the crude oil market fluctuates and is affected by weak sentiment, and the downstream polyester end demand is still at a low level, with further negative expectations, and the overall market expectations tend to be pessimistic.

 

From the perspective of the market, the main eg 2001 contract of glycol futures fell sharply in the early stage. After two or three weeks of narrow banner oscillation, it accumulated strength and fell again in large volume. The MACD green column index continued to spread, indicating the launch of another wave of declining market. Therefore, it is expected that after EG2001, the market will continue to be weak, with a high probability of further decline.

 

Based on the above judgment, we chose the trading strategy of shorting glycol Futures: establishing a short order of glycol 2001 contract, with an entry range of 4470-4500, a target price of 4000-4460, a stop loss price of 4510-4800, and entering in batches, with a total of no more than 60% of the total capital.

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I. price trend

 

The market price of ammonium sulphate fell this month, according to the data in the bulk list of business agencies. On November 4, the average domestic ex factory price of ammonium sulfate was 616 yuan / ton, and on November 8, the average domestic ex factory price of ammonium sulfate was 568 yuan / ton, with a 7.84% drop in price. So far, the ammonium sulphate commodity index on November 8 is 47.56, which is the same as yesterday, 55.25% lower than the highest point 106.28 (2012-05-24), and 29.77% higher than the lowest point 36.65 on June 23, 2014. (Note: cycle refers to 2011-09-01 to now)

 

Chitosan oligosaccharide

II. Market analysis

 

Product: the downstream demand is weak, the domestic main ports are mainly engaged in cargo supply, and the coking level cargo source is relatively sufficient. This week, the overall price of ammonium sulfate in China continues to decline. In October, the main factory quotation of ammonium sulfate in Central China is about 500-650 yuan / ton, that in Henan is about 500-700 yuan / ton, that in Hebei is 520-720 yuan / ton, that in East China is 530-600 yuan, and that in North China is 460-550 yuan.

 

Industry chain: the domestic sulfuric acid plants run smoothly, the enthusiasm of downstream customers for sulfuric acid procurement rises, and the ex factory price of sulfuric acid rises in the future. Sulfuric acid enterprises often issue early orders, short-term construction is insufficient, and supply is slightly tight. Compound fertilizer enterprises are stuck in consolidation, cost and price decline, and the industry is lack of confidence in the future market. Near the phosphorus compound fertilizer meeting, dealers have a strong wait-and-see attitude, and the downstream compound fertilizer enterprises are hard to be optimistic.

 

ferric sulfate (Poly ferric sulphate)

Industry: according to the price monitoring of the business agency, in the 44th week of 2019 (11.4-11.8), there are 15 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top 3 commodities are R22 (7.76%), acetone (5.71%) and chloroform (2.83%) There are 36 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.9% of the number of commodities monitored in the sector; the top three products falling are epichlorohydrin (- 8.77%), ammonium sulfate (- 7.84%) and hydrogen peroxide (- 7.21%) This week’s gains and losses were – 0.68%.

 

III. future forecast

 

According to analysts of ammonium sulfate of business association, due to limited market demand and insufficient trading, the market of winter storage has not been opened yet, and the market is still unclear. It’s hard to change the market in the near future. We look forward to the introduction of winter storage policy. It is expected that the internal ammonium sulfate will fluctuate in a narrow range in the later stage, and the coking ammonium sulfate will continue to be depressed.

Azodicarbonamide (AC foaming Agent)

At present, PTA market supply is more than demand, the technology falls below the important support position, and the weak pattern will continue. However, considering the low processing cost and the stability of the upstream price in the near future, PTA price does not have a deep drop condition.

 

 

Under the influence of increasing supply pressure, PTA futures showed an oscillating downward trend. In late October, PTA price fell below the support level formed by the year’s low point and 2017′s low point. Technically, downward space opened.

 

Supply exceeds demand

 

Melamine

In October, affected by routine maintenance and other factors, the starting load of PTA in China fell to a low level of 83.06%, and the market supply entered a stage of tightening. However, the maintenance cycle of this round is relatively short, and the devices for early maintenance have been put back into production in late October and early November. At present, the units under maintenance in China are: the 600000 ton unit of Jialong Petrochemical will be back to production this month, the 2.2 million ton unit of Jiangyin Hanbang will be back to production in the first ten days of this month, and the 2.2 million ton unit of Hengli Petrochemical is expected to be back to production next week. Accordingly, this month only the 750000 ton unit of Yadong Petrochemical Company is planned to be overhauled, and the 1.2 million ton unit of hailun Petrochemical Company is expected to be overhauled by the end of the year. Therefore, without any accident, the starting load of PTA in China will rise steadily in the later period. In addition, Hengli Petrochemical phase 4 and Xinjiang Zhongtai are still expected to be put into production at the end of the year, so the supply pressure will continue to increase the pressure on PTA prices.

 

In terms of demand, although 300000 tons of new Fengming Zhongyue and 50000 tons of Fuller polyester new devices were put into production in October, due to the poor profit of polyester enterprises, there were more intensive enterprise maintenance. It is understood that the 250000 ton polyester plant of Yizheng petrochemical, the 500000 ton plant of Taibao, the 300000 ton plant of China Resources and the 70000 ton plant of Jinxing have been shut down successively. And there are still plans to shut down Chenggao’s 600000 ton plant this month. In this case, the domestic polyester starting load dropped from 90% at the beginning of October to the current level of 86.72%. With the cooling down of the winter load, the starting load of Jiangsu and Zhejiang looms is also showing a small decline, and the demand is weakening.

 

PTA supply is increasing, while demand is further weakening, and the problem of supply exceeding demand is prominent, which determines that PTA price will not improve before the end of the year, and the weak will continue.

 

EDTA

Cost support or will show

 

From the perspective of cost side, the recent crude oil price has started a small rebound trend. After winter in the northern hemisphere, heating oil consumption is expected to increase. On the other hand, the number of active drilling wells in the United States is expected to decline. Under the background of tight supply and rising demand, American crude oil is expected to enter the de stocking stage, which helps to support the price of crude oil. Therefore, there will be no cost collapse of chemicals.

 

In PX market, although Fuhai Chuang’s PX device will resume production, PX supply and demand structure is relatively stable under the condition that PTA starts to rise, and it is expected that PX price will stabilize in the later stage. Therefore, we think PTA production cost will stabilize at the current level in November. At the same time, the processing fee is only 600 yuan / ton, which will also support PTA price.

 

EDTA 2Na

To sum up, PTA prices fall behind the important support position and the weak pattern appears. At present, PTA start-up load is increasing, and new units are expected to be put into operation, with supply pressure increasing. At the same time, the downstream polyester load is reduced due to the poor profit. The further deterioration of supply over demand determines that the weak pattern of PTA will continue. However, considering the stable price of upstream crude oil and PX and the low processing cost, PTA price does not have the conditions for a big drop.

OPEC said that despite the increasing demand for energy in the global economic expansion, its oil supply will continue to decrease in the next five years as the production of shale oil and other competing energy in the United States increases, the National Daily reported on November 5.

 

OPEC’s crude oil and other liquid fuel production is expected to drop to 32.8 million barrels a day by 2024, it said in its November 5 world oil outlook 2019. By contrast, this year’s output is 35 million barrels a day.

 

The growing climate activism and the widespread use of alternative fuels in western countries are making the intensity of long-term oil demand more closely examined. OPEC lowered its forecast for medium – and long-term oil demand in its report.

 

Benzalkonium chloride

In the past few years, OPEC has been reducing its supply under a market support agreement with Russia and other non OPEC members. The resulting rise in oil prices has boosted production in non OPEC countries, which is expected to continue to limit production in 2020.

 

“The supply prospects of non OPEC countries have been significantly raised, especially the performance of tight oil in the United States once again exceeded expectations,” OPEC Secretary General Mohammed bajindo wrote in the foreword of the report

 

The US has pushed its oil production to a record high as the shale gas revolution has enabled new technologies to develop reserves previously considered uneconomical. OPEC’s oil supply has declined as a result of voluntary containment and US sanctions against Venezuela and Iran.

 

OPEC, based in Vienna, expects tight oil supply in the us to grow from 12 million barrels per day this year to 16.9 million barrels per day in 2024. Although expansion will slow, supply will peak at 17.4 million barrels per day in 2029.

 

Sodium Molybdate

OPEC is an organization of 14 oil producing countries in the Middle East, including Saudi Arabia, the world’s largest oil exporter, as well as Iraq and Iran. The organization lowered its forecast for global medium-term oil demand.

 

OPEC’s oil supply accounts for about a third of the world’s total supply, and the organization currently expects oil consumption to reach 103.9 million barrels / day by 2023, down from 104.5 million barrels / day in last year’s report.

 

In the long run, oil demand is expected to increase by 12 million barrels per day, reaching 110.6 million barrels per day by 2040, lower than last year’s forecast.

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On November 7, the hydrogen peroxide commodity index was 139.86, down 10.86 points from yesterday, down 35.54% from 216.98 (2017-12-24), the highest point in the cycle, and up 94.95% from 71.74, the lowest point on August 3, 2016. (Note: cycle refers to 2011-09-01 to now)

 

Melamine

According to the monitoring of the business agency, hydrogen peroxide rose nearly 30% in October, which is called “silver ten”. In November, the silver ten stopped, and hydrogen peroxide fell all the way. On November 7, the average price of 27.5% hydrogen peroxide was 1286 yuan / ton, down 12.27%.

 

market analysis

 

Since November, the hydrogen peroxide market has been back to its original shape by demand, with insufficient upward momentum and continuous sharp decline. The manufacturers have resumed operation one after another, the market hydrogen peroxide supply exceeds the demand, the manufacturers’ prices have declined, 27.5% of the mainstream hydrogen peroxide prices have risen to 1200-1400 yuan / ton, and the prices have dropped 150-200 yuan / ton.

 

Shandong Province: Shandong Chemical Industry Co., Ltd. has 27.5% hydrogen peroxide of 1240 yuan / ton; Shandong Haineng has 27.5% hydrogen peroxide of 1320 yuan / ton; the overall price has dropped 150-200 yuan / ton.

 

Hebei: the ex factory price of 27.5% hydrogen peroxide of Zhengyuan fertilizer industry fell to 1300 yuan / ton, and the price fell by 200 yuan / ton.

 

Azodicarbonamide (AC foaming Agent)

Anhui Province: Anhui Jinhe 27.5% hydrogen peroxide price is 1550 yuan / ton; Anhui Quansheng 27.5% hydrogen peroxide price is 1400 yuan / ton, the price drops by 100 yuan / ton, and the actual transaction price is about 1300 yuan / ton.

 

Hunan Province: Hunan Shuangyang 27.5% hydrogen peroxide price 1300 yuan / ton; the price dropped 50 yuan / ton.

 

Zhejiang: Zhejiang Pinghu satellite Petrochemical Co., Ltd. quoted price of 27.5% hydrogen peroxide of 1400 yuan / ton.

 

 

Industry chain: the main reason why hydrogen peroxide continues to soar in October is the shortage of supply due to its own parking and maintenance. Throughout October to November, caprolactam downstream of hydrogen peroxide fell sharply, down nearly 8%. To some extent, the hydrogen peroxide market rose. Caprolactam upstream pure benzene, cyclohexanone raw material product supply increased, the market plunge substantially, the cost support weakened. Downstream procurement caution. As a result, the supply of caprolactam exceeds the demand, the terminal demand is insufficient, and the price is falling all the way.

 

Outlook for the future

 

Hydrogen peroxide analysts of the business club believe that: the terminal demand is low, the paper industry and the market performance of hexanolenediamine is poor, and the market of hydrogen peroxide has gradually stabilized after a big decline.

ferric sulfate (Poly ferric sulphate)

Glycol fell sharply in October. Different from the decline caused by the accumulated stock in the first half of this year, the current decline is carried out under the condition of low eg stock and maintaining the de stocking. The main reasons for this contrast are: on the one hand, the attack on Saudi oil facilities in September pushed up the price of glycol significantly, but then Saudi Arabia quickly resumed production, and the impact of the attack on the price overreaction of glycol was repaired; on the other hand, the market was pessimistic about the supply pattern after the new capacity was put into operation in the fourth quarter. The combination of the two makes the eg price go out of the trend of falling sharply in October.

 

At present, glycol oscillates in low order. The above negative factors have been gradually digested or have not changed the current pattern of continuous de stocking. At the same time, short-term positive factors increased, glycol or low rebound. The main positive factors are as follows: first, glycol is still in low stock in the short term and keeps the situation of depolarization. The main port of East China’s glycol port inventory is about 485000 tons, down 6.01% from the beginning of the week, in a state of continuous de inventory. This week, the average daily delivery volume of the main port is about 141200 tons, which is higher than that of last week. In the later stage, glycol is expected to arrive at the port of 220000 tons, and the inventory pressure will not increase too much under the condition of continuous increase of shipment volume.

 

EDTA 2Na

Second, glycol profit loss or supply reduction. In October, the overall performance of raw material cost change was weak, only naphtha was strong, while the price of glycol fell sharply from a high level, which made the overall profit of EG industry significantly weaker after the middle of October, except for the improvement of profit due to the weaker cost of ethylene production monomer process, most of the other main flow processes were in different degrees of loss. If glycol price continues to fall, profit loss will force enterprises to increase temporary maintenance and reduce supply.

 

Third, the short-term trend of crude oil is strong, and the overall chemical cost is rising. Influenced by the continuous progress of the Sino US trade negotiations, the market expects to reach a preliminary agreement in November. OPEC may discuss to continue to maintain production reduction and other favorable factors in December. The trend of international crude oil is relatively strong in the short term. This will increase the cost of the chemical industry as a whole and support the price of chemicals.

 

Operation strategy: establish multiple orders in the 4500-4600 range, and the profit target range is 4700-4900. Stop loss range is 4400-4500, and the number of positions is 100-200.

EDTA

On November 5, the organization of Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand in the medium and long term, and predicted that its oil supply will continue to decrease in the next five years. This led to further speculation that OPEC and its allies may continue to cut production at their December meeting to help stabilize the market.

 

Demand worries

 

OPEC released its 2019 world oil outlook report on November 5, which lowered its forecast of global oil demand in the medium and long term in the future. It is estimated that the global average oil demand by 2040 will be 110.6 million barrels per day, 1.1 million barrels less than the forecast in 2018.

 

According to the report, the world’s main energy demand will continue to grow in the future, and oil will remain the main energy source. According to the report, renewable energy such as solar energy, wind energy and geothermal energy will be the fastest growing energy demand between 2018 and 2040, with an average annual growth rate of 6.9%. Driven by factors such as reduced battery costs and policy support, the electric vehicle market will develop rapidly in the future, and it is expected that nearly half of new passenger vehicles in OECD countries will be electric vehicles by 2040, the report said.

 

The outlook for oil demand this year and next is not optimistic. In its latest monthly report, the International Energy Agency recently cut demand growth by 100000 barrels a day in 2019 and 2020. Oil demand is expected to grow at a “steady” rate of 1.2 million barrels per day in 2020, the IEA said in its report.

 

For months, concerns about global economic growth and energy demand have struggled to subside. New durable goods orders fell 1.1% on month in September. The IHS Markit German manufacturing PMI index rose to 41.9 in October from a 10-year low of 41.7 in September, but is still in recession. All of these data show that large economies are at risk of slowing economic growth.

 

Concerns that trade frictions could threaten growth prospects are also hard to dissipate. Market expectations for positive progress in China US economic and trade negotiations continued to push up oil prices, with international oil prices rising Friday. Light crude oil futures for December delivery on the New York Mercantile Exchange rose $0.69 to $57.23 a barrel, or 1.22%, at the end of the day. London Brent crude oil futures for January 2020 delivery rose $0.83 to $62.96 a barrel, or 1.34%.

 

No change in oil production

 

Under the situation of poor demand prospect, global oil production is still increasing. Some analysts pointed out that due to the increase of shale oil production in non OPEC countries such as the United States, the global oil supply is still growing this year, and Brazil and Norway are expected to produce more oil next year.

 

In September, Saudi Arabia’s oil facilities were attacked by drones, causing its oil production to halve at one time, but then quickly recover. OPEC’s oil production in October rebounded from an eight year low, with 14 member countries producing an average of 29.7 million barrels of oil a day in October, an increase of 1.11 million barrels a day over September, according to Bloomberg News Agency.

 

Benzalkonium chloride

According to the recent report of Austria JBC energy, in addition to the countries and regions participating in the OPEC production reduction agreement, the production of crude oil and condensate in non OPEC countries will increase by about 1.5 million barrels / day in 2020. JBC energy expects that, due to the slowdown of upstream investment, the shale oil production in the United States will increase or be less than 800000 barrels / day in 2020, lower than that in 2019, but the production in Brazil, Norway and Canada will still maintain a rapid growth.

 

In a recent report, Goldman Sachs said that the growth rate of U.S. oil production will slow down next year, but shale oil production in the Permian Basin will still account for an increasing proportion of oil supply growth in non OPEC oil producing countries. According to Goldman Sachs, U.S. oil production will increase by 1.1 million barrels per day this year and 700000 barrels per day in 2020. Goldman Sachs said the expected decline in oil production could be due to a decrease in shale oil and gas drilling activities, as well as a faster decline in oil field production. Goldman Sachs expects production in the Permian Basin to increase by 800000 barrels a day this year, accounting for 42% of the increase in non OPEC oil production.

 

According to US media reports, the Permian Basin in West Texas has become an important production center of shale oil, and technological progress has enabled enterprises to exploit at a lower and lower price and obtain rich profits. ExxonMobil said shale oil production in the Permian Basin is growing significantly, with an average return of 10% even at $35 a barrel, and plans to produce more than 1 million barrels a day in the basin by 2024.

 

It is pointed out that the increasingly profitable shale oil production and the global demand for light crude oil and gasoline may make the United States dominant in the oil industry in the next few years.

 

OPEC may take the initiative to reduce production

 

OPEC and non OPEC oil producing countries will meet in early December to discuss whether to continue the current production reduction agreement or further curb production. OPEC and other oil producing countries, including Russia, have cut production by 1.2 million barrels a day since January to support the market, and extended the cut-off agreement to March 2020 in July.

 

OPEC also said Friday it expects its oil supply to continue to decline in the next five years. OPEC data shows that the international crude oil market will face oversupply in 2020 due to the increase of non OPEC oil production. This shows that OPEC may need to further reduce production to stabilize oil prices in response to the growth of US crude oil production and weak global demand.

Analysts said OPEC should take the initiative to cut production in order to prevent further decline in oil prices and lagging policy transmission, given that the demand outlook is likely to worsen in 2020. For a long time, OPEC has been in a state of passive production reduction, that is, when there is an obvious oversupply in the market, it will reduce production to balance the oil price.

 

Sodium Molybdate

Keisuke sadamori, director of energy market and security of the International Energy Agency, said Friday that the oil market is expected to face oversupply in 2020 due to weak demand growth and increased oil production. Concerns about the global macro-economy and the development of brexit are putting pressure on the outlook of the oil market.

 

But OPEC Secretary General Mohammed barjindo said Friday that he is optimistic about the trend of international oil prices next year. He said some non fundamental news was also more optimistic, such as the development of the trade situation. Barjindo also said Friday that he welcomed Brazil’s consideration of joining OPEC.

 

Brazil’s president, YAIL Messias bosonaro, last month expressed his intention to join the OPEC. The news means Brazil could become the heaviest oil producer to join OPEC in recent years. Bosonaro claims that Brazil’s oil reserves are richer than some OPEC member countries and it is becoming the sixth largest oil producer in the world. Joining OPEC will help stabilize the global market. But some in Brazil’s oil industry question whether it should join, saying joining OPEC may mean cutting production.

 

According to the International Energy Agency, Brazil is significantly increasing offshore oil and gas production, with daily crude oil production surging 220000 barrels in August to a record 3.1 million barrels, more than 10% of OPEC’s current total production. If we join OPEC, Brazil will become the third largest oil producer in the organization, after Saudi Arabia and Iraq.

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Recently, the price of domestic rare earth market has been falling continuously. Influenced by the domestic policy and the reopening of Myanmar gateway, the trend of domestic rare earth market has declined sharply. According to the business society rare earth sector index, on November 5, the rare earth index was 339, flat with yesterday, 66.10% lower than the cycle’s highest point of 1000 (2011-12-06), and 25.09% higher than the lowest point of 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

 

As of November 6, the average price of neodymium, dysprosium and praseodymium was 363500 yuan / ton, 2.05 million yuan / ton and 660000 yuan / ton respectively. The average price of praseodymium neodymium oxide, dysprosium oxide, praseodymium oxide, neodymium oxide and neodymium oxide are 287500 yuan / ton, 1515000 yuan / ton, 355000 yuan / ton and 289500 yuan / ton respectively. The prices of praseodymium neodymium alloy and dysprosium ferroalloy are 363500 yuan / ton and 1515000 yuan / ton respectively.

 

Potassium monopersulfate

In recent years, the price trend of domestic heavy rare earth dysprosium and terbium series has declined significantly. Myanmar has passed the customs, the supply pattern of domestic heavy rare earth market has changed, and the domestic supply has increased. In addition, the recent domestic demand is limited, and the domestic price has dropped sharply. In recent years, the domestic policy is still in fermentation, which brings some good expectations for the domestic heavy rare earth market.

 

The price of light rare earth in the domestic rare earth market changes frequently. The prices of praseodymium and neodymium products mainly fall. The prices of neodymium oxide and praseodymium and neodymium oxide fall. In addition, the downstream demand for light rare earth is not significantly improved. A small amount of replenishment is needed by downstream businesses. The actual transaction price is still at a low level, and there is a strong wait-and-see mood in the market. In the middle of October, the market prices of light rare earth dropped successively, but at the end of October, the light rare The price of the soil market has increased, but the increase is a flash in the pan. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Metal enterprises and downstream magnetic material enterprises are weak in purchasing after and before the festival due to the surplus of purchasing before the festival. In addition, the price of rare earth has declined compared with the previous period, and the wait-and-see mood is strong. Under the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in the general market supply of rare earth oxides, especially some mainstream rare earth oxides, which are in normal supply, and the market price trend of rare earth is declining. In the near future Large enterprise groups in the market are reluctant to sell, rare earth market is general, and trading volume has little change.

 

ferric sulfate (Poly ferric sulphate)

In the near future, the national environmental protection department has made unremitting efforts to inspect the rare earth industry. Jiangxi Province has strengthened the supervision of the rare earth industry, which has a great impact on the rare earth industry. The rare earth industry has a relatively low start-up situation, and the market situation is cold, which has brought some good support to the rare earth market. Recently, the supervision group of the State Council went to Jiangxi Province to supervise rare earth enterprises. This supervision focused on the major deployment of the Party Central Committee and the State Council, highlighted the key and difficult issues in the field of economic operation and reform and development, focused on the strong blocking points and pain points reflected by the people and market subjects, and promoted the implementation of various work. In addition, the national development and Reform Commission and the relevant departments have taken effective measures to rectify and standardize the industry, innovated and improved the relevant management mechanism, accelerated the construction of an industry development pattern with reasonable industrial structure, advanced scientific and technological level, effective resource protection and orderly production and operation, effectively utilized the special value of rare earth as a strategic resource, and the supply of raw ore resources in the upstream of the rare earth industry has shrunk , people in the domestic arena are waiting for the specific good news of the policy and the national reserve.

 

Rare earth analysts of the business society expect that in the near future, the intensity of strict environmental inspection in China will not be reduced. In addition, the order of the rare earth industry will be rectified in China, and the rare earth industry in Jiangxi will be rectified. The supply may maintain a low level, but the downstream demand for rare earth will not improve in the near future, and the rare earth market is expected to maintain a low level.

Azodicarbonamide (AC foaming Agent)

I. price trend

According to the monitoring data of business agency, the market price of domestic chlorinated paraffin was stable on November 6. On November 6, the average ex factory price of grade 52 domestic chlorinated paraffin was 5200 yuan / ton, which was the same as that of yesterday.

 

EDTA 2Na

II. Market analysis

 

Products: at present, the ex factory price of grade I product of chlorinated paraffin 52 in South China is 4600-5300 yuan / ton, the ex factory price of grade I product of chlorinated paraffin 52 in North China is 4500-5500 yuan / ton, the ex factory price of grade I product of chlorinated paraffin 52 in East China is 5000 yuan / ton, the ex factory price of grade I product of chlorinated paraffin 52 in Central China is 5000-5500 yuan / ton, and the ex factory price of grade I product of chlorinated paraffin 52 in Northeast China is 5000-5500 yuan / ton 。 The ex factory quotation of grade I chlorinated paraffin 52 in Shandong Province is about 5000-5500 yuan / ton. The ex factory quotation of grade I chlorinated paraffin 52 in Northwest China is about 5000-5500 yuan / ton.

 

Industrial chain: the price range of raw materials market fluctuates in the near future. The upstream liquid wax delivered smoothly, and the price of liquid chlorine was adjusted and increased in some regions. The demand side is not favorable for the time being.

 

Industry: according to the price monitoring of the business agency, in October 2019, there were 20 kinds of commodities rising month on month in the list of commodity price rise and fall in the chemical industry sector, including 8 kinds of commodities rising by more than 5%, accounting for 9.5% of the number of commodities monitored in the sector; the top three commodities were hydrogen peroxide (25.36%), epichlorohydrin (25.33%) and sulfur (19.54%) There are 56 kinds of commodities falling on a month on month basis, 29 kinds of commodities falling by more than 5%, accounting for 34.5% of the number of commodities monitored in this sector; the top three products falling are nitric acid (- 30.41%), butadiene (- 19.30%) and acetic acid (- 18.84%). This month’s average price was – 2.82%.

 

EDTA

III. future forecast

 

According to analysts of chlorinated paraffin from business association, the market price of domestic chlorinated paraffin 52 is stable. Downstream enterprises are not active in purchasing goods and need to purchase more. At present, the market has no good support, and the weak market continues. It is expected that the weak market of chlorinated paraffin will be dominated in the later stage

Melamine