Acetic anhydride fell on November 29

According to the data monitoring of business society, the price of acetic anhydride fell and the market of acetic anhydride fell on November 29. On November 29, the price of acetic anhydride was 11925.00 yuan / ton, down 0.42% from 11975 yuan / ton on November 26 of the previous trading day. Affected by the decline of raw materials, acetic anhydride market fell.

Acetic anhydride cost down

According to the monitoring data of business society, the price of acetic acid fell on November 29, the recent high price of acetic acid fell, the cost of acetic anhydride raw materials fell, which was bad for the acetic anhydride market, the rising power of acetic anhydride in the future weakened, and the downward pressure increased.

Market overview and future forecast

According to the acetic anhydride data analyst of business society, on November 29, the price of acetic anhydride raw materials fell, the price of methanol fell, the cost of acetic anhydride fell, the inventory of acetic anhydride still existed, there were more downstream purchases, the market turnover was cold, and the price of acetic anhydride is expected to decline weakly in the future.

The dichloromethane market continued to decline this week (11.19-11.26). According to the data monitoring of business society, the dichloromethane market continued to decline this week (11.19-11.26). As of November 26, the average price of dichloromethane in Shandong was 4432 yuan / ton, down 5.59% from 4695 yuan / ton at the beginning of the week.

The price of raw methanol fell slightly this week, and the cost side was weak. According to the business agency, as of November 26, the price of methanol was 2692 yuan / ton, down 2.05% from 2748 yuan / ton last Friday.

Future forecast: according to the methane chloride data of business society, analysts believe that the supply and demand of dichloromethane is weak, coupled with the decline of cost, it is expected that dichloromethane will continue to be weak in the short term.

Spot aluminum prices moved down slightly on the 25th

According to the data of business agency, the average market price of domestic aluminum ingots in East China on November 25 was 19336.67 yuan / ton, up 1.08% from the average market price of 19130 yuan / ton on November 24.

At present, the aluminum price has fallen below the high and volatile operation range in the early stage. At the peak of this year (October 19, 2021), the average market price of aluminum ingots is 124240 yuan / ton, which has fallen by 20.23% recently. Based on the average market price of 15726.67 yuan / ton of aluminum ingots at the beginning of the year (January 1, 2021), the cumulative increase rate was reduced to 22.95%.

Future forecast

Recently, the bottom of aluminum ingot has stabilized and returned to the front line of 19000. In the short term, due to the good news of real estate, the price has moved down more in the early stage, and the market expectation has improved. However, the actual demand is still relatively general, and the social inventory continues to accumulate. It is expected to stabilize in the short term, but the upward space has narrowed, and the operation range is 18800-19700 yuan / ton.

At present, the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 7500 yuan / ton, and that in Central China is 7700 yuan / ton, which is the same as that of the previous trading day.

In terms of upstream ethylene, the external price of ethylene in Northeast Asia is US $1130 / T, that in Southeast Asia is US $1045 / T, and the quotation of Jinshan Lianmao ethylene today is 7800 yuan / T, which is the same as that of the previous trading day. Ethylene prices slowly declined. According to the latest external price, the loss of ethylene oxide was about 500 yuan / ton. The manufacturer limited production and reduced the burden to reduce the loss.

Downstream, the current valuation of ethylene glycol is at a low level. Although the polyester demand has improved, it fluctuates at a low level due to the expectation of long-term new production capacity and bad crude oil. There are still worries in the monomer downstream market, mainly on the sidelines, with limited demand improvement.

The market is temporarily stable

The latest p value price of ethylene glycol on November 23 was 5250 yuan / ton.

On November 22, the spot price of ethylene glycol in East China market was 5170 yuan / ton, up 120 yuan / ton compared with the previous trading day and 10.5 yuan / ton compared with last week.

Due to the increasing rumors that the United States, Japan and India will release crude oil reserves to stabilize oil prices, demand is expected to weaken, oil prices fall and coal stabilizes. The actual purchase of ethylene glycol was general. In the afternoon, the focus of Meg’s external market continued to strengthen. In December, the transaction of cargo was above 690 US dollars / ton.

Forecast: low shock.

Trade name: TDI

Latest price (November 22): 14450.00 yuan / ton

Key points of analysis: the domestic TDI market is waiting to be sorted out. In terms of supply, the factory devices operate normally, the factory has no inventory pressure for the time being, the downstream demand continues to be weak, the goods holder mainly talks about shipping, the demand for terminal products weakens, the transaction of new orders in the field is not smooth, the export orders are reduced, the support for TDI is insufficient, and the TDI market operates weakly under the supply-demand game. At present, the quotation of TDI domestic goods in the distribution market in East China is about 13800-14200 yuan / ton, and that of Shanghai goods is about 14300-14500 yuan / ton. The actual transaction price is subject to negotiation.

Future forecast: wait and see the short-term TDI market, pay attention to the market supply and downstream follow-up.

Recent price trend of hydrochloric acid

As can be seen from the above figure, the price of domestic hydrochloric acid decreased slightly this week, and the quotation decreased from 318.00 yuan / ton last weekend to 292.00 yuan / ton this weekend, a decrease of 8.18%, a year-on-year decrease of 4.26% compared with the same period last year. Overall, the domestic hydrochloric acid market fell slightly this week. On November 20, the commodity index of hydrochloric acid was 76.84, the same as yesterday, down 44.27% from the highest point of 137.89 in the cycle (2021-10-26), and up 327.36% from the lowest point of 17.98 on September 5, 2012.

The upstream support is weakened and the downstream procurement is general

From the manufacturer’s quotation, the domestic hydrochloric acid market price fell slightly this week. Dezhou Shihua hydrochloric acid quoted 300 yuan / ton this weekend, which fell by 100 yuan / ton compared with last weekend; The price of synthetic hydrochloric acid from Wen Shui is 230 yuan / ton this weekend, which is temporarily stable compared with last weekend; Dezhou Maihua hydrochloric acid quoted 130 yuan / ton this weekend, down 30 yuan / ton compared with last weekend; Liaocheng Huatong hydrochloric acid is quoted at 200 yuan / ton this weekend, which is temporarily stable compared with last weekend; Xiangcheng Sanan hydrochloric acid is quoted at 600 yuan / ton this weekend, which is temporarily stable compared with last weekend.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market fell slightly, weakening the support for hydrochloric acid. The price of downstream white carbon black is adjusted at a high level, and the quotation is 6875.00 yuan / ton; The market price of ammonium chloride decreased slightly, and the quotation was 1177.50 yuan / ton. On the whole, upstream and downstream products have a negative impact on the price of hydrochloric acid.

Future forecast

The upstream liquid chlorine market has fallen recently, the cost support is general, the downstream white carbon black and ammonium chloride market have fallen slightly, and the downstream purchase intention has weakened. Business analysts believe that hydrochloric acid has mainly suffered a slight shock and decline recently.

The latest p value price of ethylene glycol on November 18 was 5250 yuan / ton.

In terms of inventory, as of November 18, the total inventory of ethylene glycol in the main ports of East China was 545000 tons, a decrease of 58200 tons, a decrease of 9.65%, and 44300 tons, a decrease of 7.52%, compared with last Thursday.

On Thursday, the oil price fell to the low point of nearly six weeks, ethylene glycol went to the warehouse sharply, the polyester operating rate increased slightly, the demand side increased slowly, the supply increment was not large-scale, and the fundamentals were stable.

Forecast: wide range shock.

At present, the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 8000 yuan / ton, and that in Central China is 8200 yuan / ton, which is the same as that of the previous trading day.

In terms of upstream ethylene, the external price of ethylene in Northeast Asia was US $1150 / T, which was flat compared with the previous trading day. The ex factory quotation of Jinshan Lianmao ethylene was 8000 yuan / T today. The external price of ethylene was significantly higher than that in China, and the arbitrage window was closed. According to the latest external price, ethylene oxide has been produced at a discount.

In terms of downstream polycarboxylic acid superplasticizer monomer, weak terminal demand is a common topic. At present, the market price has fallen to around 8700 yuan, which is affected by weak demand. Some monomer manufacturers reduce the load for production.

On the EO trend, the two views of the market are intertwined, either down or flat. On the whole, most people hold a hollow state.

Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on November 16 was 5115 yuan / kg, which was 0.28% higher than the average early trading price of spot market on the previous working day (November 15); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 7.84%.

On November 16, the spot market price of gold was 382.73 yuan / g, a decrease of 0.37% compared with the spot market price of 381.31 yuan / G on the previous working day (November 15), and an increase of 3.55% compared with the early average price of 369.60 yuan / g in the spot market price at the beginning of November (November 1); Compared with the spot price of gold at the beginning of the year (01.01), it was 392.70 yuan / g, down 2.54%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. Recently, at the end of September, the price of silver fell rapidly, and the rise and fall of precious metal prices converged. After the return of the national day, the price of silver hit the bottom and rebounded. The fluctuation amplitude of silver price is large, the price trend of gold and silver tends to narrow, and the recent price fluctuation of silver is relatively stable.

Price trend of precious metals and crude oil

Future forecast

It is expected that the price of precious metals will stabilize in the short term.