1、 Price trend of formic acid

(Figure: P value curve of formic acid products)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market is mainly stable, and the prices of some enterprises have been raised. According to the data of the business club’s bulk list, as of October 14, the average price quoted by formic acid enterprises was 2066.67 yuan / T, which was flat compared with the previous trading day, and increased by 13.76% compared with September 1. It is reported that the formic acid plant of Shandong ASDE Technology Co., Ltd. has started to operate 200000 tons of formic acid plant for its own use of formamide and calcium formate; the operating load of Nanjing BASF is about 80%. At present, the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2000 yuan / ton, and that of Jintan local industrial supply and Marketing Co., Ltd. is 2300 yuan / T. the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.

For the upstream caustic soda, on October 13, the price of caustic soda in Shandong was relatively strong. The mainstream ex factory price of 32% caustic soda was 450-530 yuan / ton. October is the traditional peak season, and the demand side of caustic soda has certain support. At the same time, October is also the maintenance peak period, so the supply side may tighten. It is estimated that the short-term caustic soda price may be stronger; the upstream liquid ammonia market will be stable in the near future (10.9-10.13); the upstream sulfuric acid market will rise slightly in Shandong Province in the near future (10.9-10.13), and the upstream sulfur market will rise slightly in the near future with good cost support, but the downstream purchasing enthusiasm is general, the supply of sulfuric acid is normal, and the factory price of sulfuric acid in the future market will fluctuate slightly As of October 14, the average price quoted by enterprises was 1902.50 yuan / ton, up 5.99% compared with October 1.

Downstream potassium formate, calcium formate, pharmaceutical industry demand is stable, downstream epoxy soybean oil industry started low load operation, downstream leather and pesticide industry started to steadily improve.

According to the price monitoring of business agency, on October 13, 2020, there were 20 kinds of commodities in the list of commodity price rise and fall, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities that increased were polymerized MDI (5.40%), formaldehyde (37%) (3.28%) and sulfur (2.30%). There were 6 kinds of commodities that declined on a month on month basis, and the top three products were crude benzene (- 1.00%), ethylene glycol (- 0.87%) and aluminum fluoride (- 0.75%). The average rise and fall was 0.29%.

3、 Future forecast

Formic acid analysts of the business community believe that the raw material prices are stable and strong in the near future, the cost support is fair, and the follow-up of new downstream orders is stable. It is expected that in the short term, the industrial grade formic acid market will be stable and good operation, and more attention should be paid to market news guidance.

The average price of formaldehyde in Shandong was 1016.67 yuan / ton on December 12, and 1050.00 yuan / ton on the 13th, an increase of 3.28%. The current price is up 8.25% month on month, and the current price is 19.20% lower than last year.

Recently, the domestic market price of formaldehyde has remained stable. As of October 13, the mainstream factory quotation in Central China is about 916 yuan / ton, that of North China is 830 yuan / ton, and that of East China is 1033 yuan / ton. Linyi Yinhe formaldehyde production capacity is 120000 tons / year, and the formaldehyde plant is normal, with a daily output of 200 tons. Recently, the formaldehyde plant in Shandong Province has been in normal operation. The trading atmosphere in the market was better than that in the earlier period, the actual transaction was ok, and the formaldehyde market rose.

The situation of upstream methanol: the quotation of methanol market in southern Shandong Province increased by 20-50 yuan / ton to 1850-1870 yuan / ton, and Linyi received the quotation of 1850 yuan / ton of local goods and delivered them to the place without tax. There is no quotation for logistics goods. The regional supply of goods is reduced, and the enterprise mentality is strong. The main factors of the price rise are the favorable futures driven, and the favorable impact of the recovery of downstream demand. In the short term, the positive factors will still remain for a period of time, traders are full of bullish mentality. Strong cost support, formaldehyde market rose.

In the near future, the overall demand for timber in the downstream is flat, and the commencement is not obviously better, and the support from the demand side is limited. Just need to maintain the atmosphere of purchase and delivery.

In recent days, the upstream raw material methanol continued to rise, and the formaldehyde market rose with the strong cost. Therefore, the formaldehyde analysts of the chemical branch of the business agency predicted that the formaldehyde price in Shandong Province would be higher in the near future.

1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

In recent years, the melamine market is mainly stable, with little change. Compared with the previous day, the average price of melamine rose by 13.0% as of January, compared with that of January. The melamine commodity index on October 12 was 60.22, flat with yesterday, down 39.78% from 100.00 (2011-09-18), and 10.54% higher than the lowest point of 54.48 on July 26, 2020. (Note: period refers to 2011-09-01 to now)

At present, some of the devices are stopped for maintenance, and the enterprises mainly execute the orders in the early stage, the performance of the demand side is general, the market has no obvious change, and the operators mainly wait and see. At present, the mainstream quotation of melamine in Shandong is around 5500 yuan / ton, that in Xinjiang is around 4700 yuan / ton, that in Sichuan is 5300 yuan / ton, and that in Henan is about 5200 yuan / ton.

For upstream urea, on October 13, the urea market in the East was temporarily stable, and the recent high consolidation of upstream liquid ammonia resulted in better cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.

3、 Future forecast

Melamine analysts from the business agency believe that the current upstream urea price is temporarily stable, the cost support is fair, and the overall performance of the market is average. It is expected that in the short term, the melamine market will be mainly stable, and more attention should be paid to the start-up situation of enterprises.

According to the monitoring data of the business agency, as of October 13, the average ex factory price of domestic n-butanol was 6400 yuan / ton. Compared with October 1, the average price of domestic n-butanol was increased by 66 yuan / ton, or 1.05%; compared with September 1, the average price was increased by 700 yuan / ton, or 12.28%.

N-butanol market rose strongly in September driven by multiple positive factors

Since September, the domestic n-butanol market has begun to rise steadily. The high price of propylene gives support to the cost of n-butanol. The downstream replenishment of n-butanol was stable, the market trading atmosphere was good, and the transaction focus continued to rise. As of September 25, the average ex factory price of n-butanol was 6333 yuan / ton, which was increased by 633 yuan / ton or 11.11% compared with September 1. Then, at the end of the month, the n-butanol market was supported by the stock preparation before the festival, the market trend was high and stable, and the downstream procurement was active. Until the end of September, the overall market was stable and stable.

October market continued to be good, n-butanol market stable upward

In October, some domestic n-butanol manufacturers continued to increase the ex factory price of n-butanol by 50-100 yuan / ton. At present, in terms of cost, the raw material propylene started stable operation at the beginning of the month, and the high-level support was given to n-butanol, and the cost pressure of n-butanol was still under pressure. In terms of supply, some factories were shut down for maintenance in September, and the operating rate was around seven floors. In terms of demand, at present, the downstream just needs replenishment, and the trading atmosphere is good. As of October 13, the average ex factory price of domestic n-butanol was 6400 yuan / ton, which was increased by 66 yuan / ton or 1.05% compared with October 1; compared with September 1, the average price of domestic n-butanol increased by 700 yuan / ton, or 12.28%.

The market price of n-butanol in some parts of China is attached (data for reference only, unit: yuan / ton)

Product Name: up and down in 10 / 1-10 / 13

N-butanol in East China 6400 6500 + 100

South China 6500 6600 + 100

North China 6300 6400 + 100

Upstream, after the festival, the domestic propylene market price has basically stabilized. As of October 3, the market price of propylene in Shandong continued to be stable. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, and the prices of some enterprises have risen slightly. On Monday, most of the prices have remained stable, and some enterprises have risen slightly. At present, the market transaction is still stable between 7500 yuan / ton and 7650 yuan / ton, and the mainstream price is 7500 yuan / ton. Recently, some propylene plants have been shut down unexpectedly, and the overall supply is a little tight.

Tight spot, smooth conduction, n-butanol may continue to rise

At present, the spot price of n-butanol market is tight, the conduction is smooth, the downstream demand is normal, and the atmosphere is good. Therefore, it is expected that the market will rise again in the short term, and the market will continue to rise.

1、 Price trend

According to the data of the business club, the average ex factory price of domestic caprolactam liquid on September 1 was 9516 yuan / ton, while on September 30, the average factory price of domestic caprolactam liquid was 9333 yuan / ton, which dropped by 1.93% this month.

2、 Market analysis

Domestic caprolactam rose first and then fell this month. In the first ten days of September, the price of pure benzene rose and the cost was good. Caprolactam supply decreased, procurement increased and prices began to rise. In the middle and late September, some caprolactam enterprises resumed production, and the supply of caprolactam increased. As supply exceeds demand, inventory pressure increases. Prices began to fall. As of the end of the month, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was 9000 yuan / T, and the factory had delivered the factory in cash, with a capacity of 300000 tons. The actual transaction can be discussed. Nanjing Dongfang caprolactam liquid price 9800 yuan / ton, 400000 tons / year of the plant normal operation, caprolactam unit normal operation. Baling Hengyi caprolactam liquid price is 9700 yuan / T, 450000 tons / year, the plant is normally started up, accepted and delivered. The price of caprolactam liquid of Baling Petrochemical Company is 9700 yuan / ton, and the 300000 tons / year unit is normally started and accepted.

Raw material pure benzene experienced shock this month. In September, Sinopec’s listed price of pure benzene was not adjusted, supporting the price of pure benzene. In the first ten days, the price of some downstream products in Northeast China was exported, the market supply increased, and the demand was not improved, which led to the price weakening. In the middle of the year, price stabilization and consolidation are the main factors. Late ten days: before the festival, the willingness of downstream replenishment is not strong, affected by the pressure of shipment, the overall price of refining is weak.

3、 Future forecast

Caprolactam analysts believe that at the beginning of this month, the demand for caprolactam in the downstream chip market increased, and the market rose. After that, due to the weakening demand, caprolactam supply increased, and the price began to fall. In the near future, under the improvement of cost support and downstream demand, caprolactam market is expected to rise steadily in October.

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium was 1866 yuan / ton on September 1, and 1866 yuan / ton on September 30, respectively. The price remained stable during the month.

According to the business club’s large list data, the average ex factory price of 64% diammonium was 2268 yuan / ton on September 1, and 2306 yuan / ton on September 30, with the price rising by 1.67% in the month.

2、 Market analysis

In September, the demand for monoammonium phosphate increased, the price remained stable, and the operating rate of enterprises was about 72%. 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 1850-1950 yuan / ton, and that of 60% powdered ammonium is 2050-2100 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 1900 yuan / ton.

In September, the market of diammonium phosphate was strong, and the price continued to rise. The operating rate of enterprises was about 60%. The mainstream factory quotation of 64% diammonium in Hubei Province is 2250-2350 yuan / ton, that of 64% diammonium in Shandong Province is 2300-2350 yuan / ton, that of 64% diammonium in Yunnan Guizhou area is 2300-2450 yuan / ton, and that of 64% diammonium in Anhui Province is 2250-2450 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2300-2450 yuan / T. The quotation of 64% diammonium at the first arrival station in Heilongjiang Province is about 2500 yuan / ton.

In September, the raw material sulfur market was on the rise as a whole, and the market of sulfur continued to rise. Domestic sulfur manufacturers made price adjustments based on the sales situation, and the price trend rose steadily in the month. As of the 30th, the quotations of solid sulfur and liquid sulfur in East China are 860-1060 yuan / ton, 760-900 yuan / ton, 710-800 yuan / ton and 660-720 yuan / ton in North China, 840-850 yuan / ton in Shandong. Some enterprises in the downstream compound fertilizer enterprises resumed production and the operating rate increased.

3、 Future forecast

Ammonium phosphate analysts from the business club believe that the demand for raw materials of compound fertilizer enterprises in Northeast China increased in September, monoammonium phosphate inventory decreased, supply was tight, and the market trend was strong. In September, the domestic demand for diammonium phosphate was stable, and the foreign demand was good, and the price continued to rise. It is expected that monoammonium will mainly seek to rise in October. The trend of diammonium may continue to rise.

Trade name: br 9000

Latest price (October 12): 9070.00 yuan / ton

Key points of analysis: according to the monitoring of the business agency, the price of BR 9000 in China was 9070.00 yuan / ton on the 29th, up 0.55% compared with the previous day. On the one hand, the price of raw material butadiene continued to rise, the cost side was pushed higher, and the ex factory price of petrochemicals was firm. According to the business agency, the current butadiene price was 6363 yuan / ton; the ex factory price of Daqing cis-1-butadiene in Northeast China of PetroChina was 8700 yuan / ton. On the other hand, the production of downstream tires and automobiles increased compared with the previous period, and the demand side was supported. According to the business agency, according to the data disclosed by the China Automobile Association, according to the statistics of the ten day report of key enterprises by the China Automobile Industry Association, the sales volume of the automobile industry in September is estimated to be 2572000, with a month on month increase of 17.7% and a year-on-year increase of 13.3%.

Aftermarket forecast: raw material price is high, downstream tire demand increases. It is expected that the price of cis-1,4-polybutadiene rubber will remain high in the future.

1、 Trend analysis

According to the nickel price monitoring of the business club, the nickel price rose slightly on the 12th, with an offer of 117216.67 yuan / ton, a slight increase of 0.41% over the previous day, a rise of 3.06% over the beginning of the year, and a decrease of 14.18% year-on-year. Shanghai nickel mainly opened at 115200 yuan. After the opening, the price was strong and closed at 117080 yuan, up 0.98%. LME3 nickel closed at $15235, up 0.40%.

2、 Market analysis

Prior to the resumption of negotiations on the U.S. fiscal stimulus plan, and the weakening dollar boosted the trend of base metals over the weekend, and nickel prices closed positive. The export rhythm of Philippine nickel ore is still limited by the epidemic situation. The import volume of domestic nickel ore may be lower than the level of the same period. The continuous increase of external price of nickel ore will promote the domestic NPI production or a small continuous decline after September. In terms of downstream, the sales volume of electric vehicles in China and Europe has reached a new high, and the prospect of nickel used in automobile batteries is optimistic; the production of stainless steel 300 Series in China continues to reach the historical high.

3、 Future prospects

Post market forecast: the tight pattern of short-term nickel ore and ferronickel has not changed, and Indonesia’s new steel-making capacity is about to be put into operation. It is expected that the short-term fluctuation of nickel price will be strong.

According to the price monitoring of the business agency, the domestic PTA spot market price maintained a small rise on October 12, with the average price of 3357 yuan / ton on the spot market of that day, up 0.99% compared with the previous trading day and a year-on-year decrease of 35.08%. PTA main futures (2101) closed up and closed at 3480, up 18% or 0.52% from the previous trading day.

As of October 10, the operating load of Jiangsu and Zhejiang looms was above 84%, which was 6.5% higher than that of the same period last year. Downstream polyester factory price rise to support the market and high production and sales, boosting PTA market price and driving forward spot turnover to pick up. Polyester factories continue to raise prices. The mainstream polyester filament factories in Jiangsu and Zhejiang have increased 50-100 yuan / ton, with good production and sales, with an average production and sales of 120% – 140%, and the production and sales of some better factories can reach 200%. On the first day of the listing of polyester staple fiber, all futures contracts were closed. Cotton in the same cotton textile industry chain once touched the price limit and finally closed up more than 5%. Cotton yarn futures price also rarely rose by more than 4%.

Recent domestic PTA plant maintenance plan

Unit capacity (10000 tons / year) unit maintenance

On the evening of September 29, Hanbang Petrochemical began to reduce the load and shut down for 1 month

Zhongtai Petrochemical 120 started maintenance for 2 months on September 30

Yizheng Chemical fiber 65 began to reduce the load on October 12 and planned to overhaul for 18 days

Sichuan energy investment 100 plans to start maintenance for 2 weeks on October 15

Yadong petrochemical company plans to overhaul about 2 weeks in mid November

PTA plant itself is also supported. Yizheng Chemical fiber set of 650000 tons PTA plant began to reduce the load on October 12, and planned to overhaul for 18 days. Sichuan Energy Investment Co., Ltd. plans to overhaul for 2 weeks on October 15. The 2.2 million tons of Hanbang Petrochemical Company and 1.2 million tons of Zhongtai Petrochemical Company will be shut down at the end of September, and the maintenance plan is 30 days and 60 days.

Xia Ting, an analyst at the business agency, believes that the current market is in the long short news game, PTA is still under the pressure of capacity expansion, and the new production capacity is about to be put in place to restrain the market rebound. However, in the near future, supported by the improvement of equipment maintenance and terminal downstream demand, PTA market is expected to maintain a small rise in the short term.

1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

Acrylic acid market rose sharply in September, up 29.18%. In October, the market of acrylic acid continued to rise after the festival. As of October 10, the average price of acrylic acid quoted in East China was 10166.67 yuan / ton, up 5.17% compared with September 30 and 35.86% higher than that on September 1, according to the data of the bulk list of business agencies. After the festival, the market atmosphere was strong, some devices began to be overhauled, the market supply decreased, the downstream inquiry atmosphere increased, the market trading was active, and the mainstream manufacturers gradually raised their prices.

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 Mingwei Chemical Co., Ltd. 8400 yuan / T, line standard: common acid; grade: excellent product: October 10, 2020

Jinan planhua Chemical Co., Ltd. 8400 yuan / T, line standard: ordinary acid; grade: excellent product: October 10, 2020

Aite (Shandong) new material Co., Ltd. $8400 / T, industry standard: Pu acid; grade: excellent product: October 10, 2020

Jinan Mingyu Chemical Co., Ltd. 8400 yuan / T, line standard: ordinary acid; grade: excellent product: October 10, 2020

Jinan aochen Chemical Co., Ltd. 11000 yuan / T, line standard: common acid; grade: superior product: October 09, 2020

Jinan aochen Chemical Co., Ltd. 12000 yuan / T refined acid, 99.7% content, 2020-10-09

Upstream propylene, on October 9, Shandong propylene market price fluctuated slightly. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, and the prices of some enterprises have risen and fallen slightly. Today, the trend of the holiday has continued, with a slight up and down. The market transaction is now between 7500 yuan / ton and 7650 yuan / ton, and the mainstream price is about 7500 yuan / ton. Recently, some propylene plants have stopped unexpectedly, and the high-speed limit has been lifted at the end of holidays. At present, the stock of propylene manufacturers is not much, the crude oil price is rising slightly, and the supply is slightly tight. The current propylene price has been at the recent high level for a long time, so it is expected that the propylene price will remain stable in the near future.

3、 Future forecast

The acrylic acid analysts of the business agency believe that the current price of raw material propylene is high and the cost support is strong. With the maintenance of some units, the spot supply in the market is relatively tight, the downstream procurement is active, and the market atmosphere is active. It is expected that the acrylic acid Market will be stable and better in the short term, and more attention should be paid to the market news guidance.