According to the monitoring of bulk data of business agency, the market of ethyl acetate in East China is stable and weak. As of August 20, the average price of enterprises in East China was about 5642 yuan / ton, down 0.7% from the beginning of the week and 0.76% higher than that at the beginning of the month.

At present, the domestic ethyl acetate Market as a whole is relatively stable, the spot supply is sufficient, the cost side market operation trend is empty, and the downstream market demand is weak, resulting in the gradual accumulation of enterprise inventory, and the ethyl acetate production enterprises are forced to bid for shipment. At present, East China is about 5500 yuan / ton, North China is about 5450 yuan / ton, and South China is about 5850 yuan / ton.

In the aspect of raw materials, the contradiction between supply and demand in acetic acid market has been intensified. In order to prevent excessive warehouse pressure in the future market, enterprises gradually bid for goods, and market bearish mentality is obvious. Ethanol was stable and soft, and the transaction price of raw corn fell. Some production enterprises in Henan Province resumed normal operation. In a short period of time, the inventory of enterprises increased relatively. Most of the downstream enterprises needed to purchase, and small orders were mainly used.

The overall performance of the international ethyl acetate Market is relatively stable, among which the port price in European market is about 750 euro / ton, and the port price in North American market is about 610-660 US dollars / ton.

According to the analysts of ethyl acetate of business club, the decline of raw material prices has led to the no longer favorable factors in the ethyl acetate Market. The decline in cost is an important reason for the weakness of the ethyl acetate Market. In addition, the demand in the downstream market is flat and the negative factors are superimposed. It is expected that the ethyl acetate Market will decline in a short period of time.

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium was 1900 yuan / ton on August 1, and 1900 yuan / ton on August 20, keeping the price stable.

According to the business club’s large list data, the average ex factory price of 64% diammonium on August 1 was 2202 yuan / ton, and that on August 20 was 2218 yuan / ton, with a price increase of 0.76%.

2、 Market analysis

In the first ten days of August, the price of monoammonium phosphate was stable, and the operating rate of the enterprise was about 76%. In Anhui Province, 55% powdered ammonium was quoted at 1900-1950 yuan / T, and the start-up was stable. In Hubei Province, the ex factory quotation of 55% powdered ammonium is about 1900-1950 yuan / ton, and the mainstream factory quotation of 60% powdered ammonium is 2050-2150 yuan / ton. The stable operation of Henan market, 55% ammonium powder factory quotation of 1900 yuan / ton, stable start-up. The price of 55% powdered ammonium in Shandong Province is 1850-1950 yuan / ton, and the price is stable. The factory quotation of 55% powdered ammonium in Sichuan is about 1950 yuan / ton.

In the first ten days of August, the price of diammonium phosphate rose slightly, and the operating rate of enterprises was about 60%. At present, 64% DAP mainstream factory quotation in Hubei Province is 2200-2300 yuan / ton, that in Shandong Province is 2200-2250 yuan / ton, that in Yunnan Guizhou area is 2300-2450 yuan / ton, and that in Anhui Province is 2200-2350 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2250-2350 yuan / ton. The first arrival price of 64% diammonium in Heilongjiang Province is about 2450 yuan / ton.

At present, the sulfur inventory of domestic refineries of raw material sulfur is low, and the supply of liquid sulfur is tight. Under the performance of supply and demand, it supports the market. Most of the quotations of domestic sulfur enterprises rose, and the price of sulfonic acid market was firm, and the market in the later stage might be improved under the support of domestic market. Downstream compound fertilizer is mainly purchased on demand, and the market is stable.

3、 Future forecast

Ammonium phosphate analysts believe that due to weak downstream demand, the current market of ammonium monoammonium is running weakly, and the price has no obvious change. Diammonium demand at home and abroad increased, the market gradually improved, began to rise slightly. It is expected that in the short term, the primary ammonium will maintain stable operation, while the diammonium still has room for increase.

According to the price monitoring of the business agency, the domestic PTA market has maintained a small decline trend in the past week. As of August 20, the average market price was 3592 yuan / ton, down 1.22% compared with August 13 and 32.67% year-on-year. During the week, PTA shutdown and maintenance devices entered the restart stage one after another, with a small increment at the supply end. Although the terminal orders recovered, the market’s expectation for foreign trade weakened and the support from the demand side was insufficient. In addition, the market is still worried about crude oil demand, so it shows a weak downward trend.

Production enterprise unit capacity (10000 tons / year) unit operation status

Huabin Petrochemical 140 plans to overhaul for 10-15 days in late August 2020

Yangzi Petrochemical 65 will be overhauled on August 6, 2020, and will be restarted on August 21

Hailun Petrochemical 120: August 2, 2020, overhaul for 1 month

Ningbo Taihua 120 will be overhauled on August 3, 2020 and restarted on August 20

Yadong Petrochemical 70 plans to overhaul for 3 days at the end of August 2020

Livan polyester 70 will be shut down on April 30, 2020, to be restarted

Restart of Hanbang Petrochemical on May 60, 2020

220. Reduce the negative rate by 50% on August 6, 2020 and resume on August 7, 2020

Honggang Petrochemical Co., Ltd. will stop short on August 10, 2020 and restart on August 17, 2020

Tianjin Petrochemical Company will shut down for maintenance on April 17, 2020, and restart to be determined

Luoyang Petrochemical Company will start maintenance for 27 days at the end of July 2020

Pengwei Petrochemical 90 will be shut down for maintenance on March 9, 2020, and restart to be determined

Fuhai Chuang 450 will reduce the load by 70% on August 12, 2020, and increase to about 90% on August 18, 2020

Jialong petrochemical company shut down for maintenance on August 2, 2019, restart time to be determined

In terms of PTA plant, 1.5 million tons of Honggang petrochemical and 1.2 million tons of Ningbo Taihua were warmed up and restarted on August 17 and 20, respectively. Fuhai hit 4.5 million tons, and the load rose to about 90% on August 18. Yangzi Petrochemical Co., Ltd. plans to restart on August 21. At present, the operating rate has been raised to around 87%, and the supply increase is expected to be detrimental to the market mentality.

At the same time, the inventory is still at a high level, because the current social inventory is still at nearly 4 million tons, and the continuous restart of the device leads to the limited duration of removal, so the pressure of PTA social inventory is still large. As of August 14, the domestic PTA social inventory was 3.92 million tons, a decrease of 65000 tons compared with the previous week, but a significant increase of 2.45 million tons compared with the same period in 2019.

The downstream Tongkun Hengchao 300 kt polyester plant was put into operation on Tuesday, and the start-up load was increased to more than 87%. Shaoxing Jiabao 400000 t polyester plant is expected to restart next week. At the same time, Hengyi Haining New Material Co., Ltd. is expected to put into operation at the end of the month. Yizheng Chemical fiber’s remaining 50000 tons of polyester staple fiber is planned to be put into operation at the end of the month, and Chenggao’s 600000 ton bottle chips are planned to restart at the end of the month. Overall, polyester will be further improved. In terms of inventory, the overall inventory of polyester market is concentrated in 33-40 days; in terms of specific products, POY inventory is up to 11-18 days, FDY inventory is around 22-32 days, and DTY inventory is about 30-40 days. The market price of polyester filament is stable and weak this week, among which the price of polyester poy150d / 48F of mainstream factories in Jiangsu and Zhejiang is 5050-5450 yuan / ton. The terminal just needs to be purchased is not good, and the transaction is mainly light. The comprehensive starting rate of Jiangsu and Zhejiang looms is around 63%, which is low compared with the same period last year. Recently, there are many kinds of knitted fabrics hanging samples on the traditional market of China Light Textile City, but the number of patterns on the spot is still relatively limited. Among them, small jacquard strips and small diamond lattice double-sided sweater fabrics with polyester bright FDY, semi light FDY, DTY and POY as the main raw materials are increased.

Xia Ting, an analyst at the business agency, believes that the negative side of the demand side has always been the biggest resistance to the rise in oil prices. The market still has some worries about crude oil demand, and the oil price will consolidate at a high level. PTA plant restart heating, loose supply expectations, high inventory. However, with the restart of polyester plant, the terminal order has also improved, and the demand side will improve. Therefore, overall, PTA prices are expected to remain narrow next week.

According to the monitoring data of business agency, as of August 19, the average price of silicone DMC market quotation in the mainstream areas of data monitoring was 16666.67 yuan / ton, which was increased by 66.67 yuan / ton or 0.40% compared with August 1.

Domestic silicone DMC market runs smoothly in recent 2 weeks

Since August, the domestic silicone DMC market has been running smoothly. In the first ten days of August, there was a short-term narrow range adjustment. In the past two weeks, the market situation of silicone DMC has been “calm and steady as Mount Tai”, the market quotation is almost without fluctuation, the downstream purchasing atmosphere is dull, the demand is general, and it is mainly used as soon as it is purchased.

At the beginning of the month, the manufacturers’ quotation is mainly low, and the pressure on the manufacturers to sell the equipment is slightly lower than that at the beginning of the month. As of August 19, the domestic market trend of silicone DMC was stable, with reference to 16500-16800 yuan / ton for mainstream areas, 16200 yuan / ton for low-end quotation and 17000 yuan / ton for high-end quotation.

According to the business agency, the following is the DMC price and the start-up situation of some domestic silicone enterprises (for reference only)

Remarks on the total capacity, price and operation of the plant

Hesheng silicon 3.58 million tons / year 16800 yuan / ton, the plant runs smoothly, and the purified water is delivered to

320000t / a of Hubei Xingfa – normal operation of the plant

Zhejiang Zhongtian 120000 T / a 16800 yuan / T unit operates smoothly with tax included in purified water

150000t / a 16500 yuan / T plant in Jinling, Shandong

Luxi Chemical Co., Ltd., 80000 tons / year, 16200 yuan / ton, normal operation of the plant, and cash delivery of purified water

Inner Mongolia hengyecheng 240000 / T 17000 yuan / T unit normal operation, purified water tax included

On the upstream side, at present, the overall market of silicon metal rose slightly compared with the beginning of August. On August 18, the reference price of silicon metal was 11208.33, up 1.97% compared with August 1 (10991.67). On August 18, the price of silicon metal in Sichuan increased by 50 yuan / ton, and the current price range was 11000-11100 yuan / ton, with an average price of 11050 yuan / ton; the price of silicon in Tianjin port area rose by 100 yuan / ton, and the current transaction range was 11300-11400 yuan / ton, with an average market price of 11350 yuan / ton; the price of silicon in Huangpu port area rose by 50 yuan / ton At present, the price range is 11200-11400 yuan / ton, and the average market price is 11250 yuan / ton.

The supply and demand is slightly deadlocked, and the downstream demand is not good, and it may fall in the later period

At present, there are not many new orders of silicone oil and silicone in the downstream of silicone DMC, and the replenishment is slow. The mode of “buy as you use” is often adopted for silicone DMC. The light market of silicone DMC also makes the downstream wait-and-see mood strong, the supply and marketing game appears, and the market is slightly deadlocked. In addition, the overall start-up of monomer plants is still on the high side. Although the inventory is low, but the demand is insufficient, it is still difficult for DMC to go up, It is expected that in the short term, the price of some factories with high quotation will fall slightly.

Price trend of 441 silicon

On August 19, the price of silicon metal (441) rose slightly. According to the data of the business agency, on August 19, the average market price of domestic silicon metal (441) was 11208.33 yuan / ton, an increase of 1.97% compared with the average market price of 10991.67 yuan / ton at the beginning of the month (8.1); 10491.67 yuan / ton, an increase of 6.83% compared with the average market price of 11833.33 yuan / ton at the beginning of the year (1.1), a decrease of 5.28%.

On the 19th, the prices of 441 silicon in different regions were as follows:

The price range of silicon metal in Fujian is 10700-10800 yuan / ton, that of Sichuan is 11000-11100 yuan / ton, that of Kunming is 10900-11000 yuan / ton, that of Shanghai is 11700-11900 yuan / ton, that of Tianjin port is 11300-11500 yuan / ton, and that of Huangpu port is 11200-11400 yuan / ton 。

After the recovery in July, the price of silicon metal is getting better

At the beginning of July, the metal silicon price hit the bottom and rebounded. The logic of this round’s rise: supply and demand, the resumption of production of large factories is delayed, downstream centralized procurement is superimposed, traders copy the bottom and store goods, and the price is low, the production enterprises are determined to support the price.

In August, Xinjiang’s transportation was restricted, the supply in the North was relatively tight, and the market price was expected to rise. At present, silicon factories have abundant orders and little capital pressure, and their willingness to raise prices is still there. Affected by the rise of rainstorm water level in some areas of Sichuan Province, two silicon factories shut down three submerged arc furnaces due to the influence of Rainstorm on cooling water circulation, and the supply of downstream silicon plants may be affected to some extent.

In the future market, the main task is to maintain stability

The market of silicone in the downstream is very good, the supply and demand of silicon metal has improved, and the willingness of manufacturers to support the price remains unchanged. It is expected that the silicon price will be stronger in the near future.

Market trend of magnesium market in 2020

On August 19, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run weakly and stably, with the overall range of 12800-13000 yuan / ton, and the actual order negotiation is mainly discussed.

The specific price ranges of each region are as follows:

The ex factory spot exchange including tax in fugu district is 12750-13000 yuan / ton; Taiyuan is 12850-12950 yuan / ton; Wenxi district is 13000-13000 yuan / ton; Ningxia area is 12800-12900 yuan / ton.

The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.

According to the data of the business agency, the average price of the domestic market on the 19th was 12900 yuan / ton, a decrease of 0.26% compared with the average price of 12933.33 yuan / ton at the beginning of July (8.1) and 14166.67 yuan / ton at the beginning of July (1.1), a decrease of 8.94%. In recent years, the price of magnesium ingot is weak and stable, and the quotation of mainstream production areas has little change.

Weak demand for magnesium ingots in the first ten days of August

At present, the external quotation of magnesium ingot is basically stable. Due to the influence of cost factors, the willingness of mainstream manufacturers to reduce the quotation has moved down. However, due to the obstruction at the export end, the downstream customers of domestic demand just need to purchase, and the middlemen purchase sporadically, and the willingness to lower the price is strong, and the actual transaction price in the market is slightly loose.

The weak operation of magnesium ingots in the first ten days of August is mainly due to the poor demand. It is learned that there is not much trading in the market at present, and the domestic downstream manufacturers have relatively sufficient stock in the early stage. At present, they are basically purchasing on demand, and they are not willing to stock up in large quantities. Considering the cost factors, magnesium ingot manufacturers have little room for price reduction at present, and the game between supply and demand in the market is intensified.

Future forecast

Some factories may be shut down for maintenance, and the supply side has a certain positive effect on magnesium price, but based on the reality of weak demand, it is difficult for the demand side to improve significantly in the short term; supply pressure still exists in the short term. It is expected that the weak and stable operation will become normal in the later stage, and the change of downstream purchasing rhythm will be focused in the later stage.

1、 Trend analysis

On August 19, the spot copper price was 52305 yuan / ton, up 2.26% compared with the previous day, 6.67% higher than that at the beginning of the year, and 12.53% higher than that at the beginning of the year. LME copper’s 3-month contract rose rapidly to US $6686 at the beginning of the trading, and then came under pressure. The Asian stock market closed at US $6633, up 0.52%; Shanghai copper’s main force continued to rise 52520 yuan in the morning, then fell back to close at 52150 yuan, an increase of 2.60%.

Global copper smelting activity fell in July to its lowest level in more than two years, with the weak performance appearing to be partly due to increased maintenance at smelters. China’s refined copper production was 814000 tons in July, flat on a year-on-year basis, down 5.3% month on month, according to data released by the National Bureau of statistics on Tuesday. Rio Tinto lowered its annual production target to 135000-175000 tons, up from 165000 to 205000 tons. LME copper stocks fell to a 13 year low on Tuesday as inventories continued to flow out and overseas inventories continued to decline. In the spot market, the sellers hold the price and are reluctant to sell, while the middlemen just need to buy. They are afraid of high and wait-and-see mood in the lower reaches, and the transaction is not so good.

In view of the above situation, the decline of overseas inventory of refined copper and the decline of output have led to the rise of copper price. However, the market is still in the end of the off-season in August, and the copper price is expected to remain high and volatile.

According to the price monitoring of business agency, the domestic PTA spot market price maintained a small decline on August 18, with the average spot market price of 3619 yuan / ton, down 0.06% compared with the previous trading day, and 32.13% lower than that of the previous trading day. PTA main futures (2101) closed slightly lower, closing at 3762, down 6% from the previous trading day.

Production enterprise unit capacity (10000 tons / year) unit operation status

Huabin Petrochemical 140 plans to overhaul for 10-15 days in late August 2020

Yangzi Petrochemical 65 will be overhauled on August 6, 2020, and will be restarted on August 21

Hailun Petrochemical 120: August 2, 2020, overhaul for 1 month

Ningbo Taihua 120 will be overhauled on August 3, 2020 and restarted on August 17, 2020

Yadong Petrochemical 70 plans to overhaul for 3 days at the end of August 2020

Livan polyester 70 will be shut down on April 30, 2020, to be restarted

Hanbang Petrochemical Company will stop for maintenance from May 9, 2020, and restart to be determined

220. Reduce the negative rate by 50% on August 6, 2020 and resume on August 7, 2020

Honggang Petrochemical Co., Ltd. will stop short on August 10, 2020 and restart on August 17, 2020

Tianjin Petrochemical Company will shut down for maintenance on April 17, 2020, and restart to be determined

Luoyang Petrochemical Company will start maintenance for 27 days at the end of July 2020

Pengwei Petrochemical 90 will be shut down for maintenance on March 9, 2020, and restart to be determined

Fuhai Chuang 450 will reduce the load by 70% on August 12, 2020, which is expected to last for a week.

Jialong petrochemical company shut down for maintenance on August 2, 2019, restart time to be determined

PTA market traders mainly buy, spot trading atmosphere is not good. In terms of units, the PTA units of Honggang and Ningbo Taihua are in the process of heating up and restarting. Yangzi Petrochemical plant is also planned to restart this Friday, and the supply will increase again, which is detrimental to the market mentality. At present, PTA start-up load is around 83%.

The new polyester plant put into operation in the early stage of downstream is in normal operation, and the demand performance is relatively stable, and the starting load of polyester is 87.68%. In terms of inventory, the overall inventory of polyester market is concentrated in 33-40 days. In terms of specific products, POY inventory is up to 11-18 days, FDY inventory is around 22-32 days, and DTY inventory is about 30-40 days. In terms of price, from the end of July to the beginning of August, the price of polyester filament fluctuated and rose, and the cash flow of POY and FDY gradually improved. So far, some FDY models have turned losses into profits. Considering that the price of polyester filament is at a historical low point, texturing and weaving enterprises are still willing to buy if there is no financial pressure. If the raw materials are properly promoted, downstream users will still consider bargain hunting.

The terminal orders have improved, and the comprehensive starting rate of Jiangsu and Zhejiang looms has increased to 63.30%, but it is still at a low level compared with the same period last year. China Light and Textile City summer thin fabric transactions continue to decline, domestic market there are many suppliers in autumn and winter fabric proofing continued to increase, local orders increased. Foreign trade market, especially the arrival of autumn and winter fabric orders, gradually opened up the situation, sales began to increase locally.

Xia Ting, an analyst at the business agency, believes that with the restart of some units, PTA supply is expected to be relaxed, and the inventory of the industrial chain is high, and there are still worries about the domestic sales and export sales of the terminal. Therefore, it is expected that PTA price will weaken in the short term and adjust mainly.

1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

Recently, the market of acrylic acid has been rising steadily. As of August 18, the average price of acrylic acid quoted in East China was 7216.67 yuan / ton, up 1.88% compared with last Monday (August 10) and 0.23% lower than that on July 18, according to the data from the bulk list of business agencies.

Last Monday (August 10), the average price of acrylic acid in East China was 7083.33 yuan / ton, and the price of raw material propylene was still upward. The downstream enterprises maintained the rigid demand procurement, the inquiry and transaction were light, and the market was running smoothly. On the 17th, some enterprises raised their prices. At present, the price of raw material propylene was running at a high level. Under the cost pressure, the market price was hard to find. On the 18th, some enterprises raised their offers Market trading atmosphere gradually active.

According to the data monitoring of the business agency, the price of acrylic acid of some enterprises in recent years (for reference only, the actual transaction price is mainly negotiated)

Enterprise market price specification date

Jinan aochen Chemical Co., Ltd. 7500 yuan / T, line standard: ordinary acid; grade: superior product: August 18, 2020

Jinan aochen Chemical Co., Ltd. 9700 yuan / T refined acid, 99.7% content, 2020-08-18

Jinan-08, grade of YOUPU Chemical Co., Ltd

Aite (Shandong) new materials Co., Ltd. 6800 yuan / T. industry standard: Pu acid; grade: superior product: August 13, 2020

Jinan Mingwei Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: August 12, 2020

Upstream propylene, as of August 17, the market price of propylene in Shandong has declined slightly. According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month was started. On the 11th, the prices of some enterprises went down. On the 14th, the prices of some enterprises continued to decline. Today, the prices were generally stable, and some enterprises still went down The price is between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers stable shipment, inventory without pressure.

3、 Future forecast

Acrylic acid analysts of the business community believe that the current price of raw material propylene is high, the cost support is strong, and the downstream demand is gradually recovering. It is expected that in the short term, the market situation of acrylic acid may be stable and better.

The sulfur commodity index on August 18 was 41.33, up 2.19 points compared with yesterday, 60.20% lower than 103.84 points (2011-11-02), and 60.26% higher than the lowest point of 25.79 on February 24, 2020. (Note: period refers to 2011-09-01 to now)

According to the price monitoring of business agency, the average price of sulfur production in East China was 753.33 yuan / ton, with a daily increase of 5.61%. At present, the sulfur inventory of domestic refineries is low, and the supply of liquid sulfur is tight. Under the performance of supply and demand, it supports the market. On Tuesday, refineries in various regions made quotations according to their own shipment situation. Most of the quotations were raised, while a few were temporarily stable. Sinopec’s quotation for solid-liquid sulfur in East China was increased by 30 yuan / ton; Sinopec’s quotation for solid-liquid sulfur in East China was increased by 20 yuan / ton; solid sulfur in Shandong area of Sinopec was increased by 60 yuan / ton and liquid sulfur was increased by 40 yuan / ton.

The downstream sulphuric acid market has been running steadily for a while. The domestic acid market is obviously regionalized, with high and low prices coexisting. In the aspect of ammonium phosphate, the market of ammonium monoammonium was reorganized and operated, downstream factories purchased on demand, the market atmosphere was weak, the market trend of diammonium was better, the downstream demand was better, and the market price continued to be firm.

Aftermarket forecast: at present, most of the quotations of domestic sulfur enterprises are rising, and the price of sulphuric acid market is firm, and the later market may be improved under the support of domestic market.