Commodity Index: On September 29, the Polyaluminium Chloride Commodity Index was 108.11, which was the same as yesterday. It was 0.83% lower than the peak of 109.01 points in the cycle (2019-08-28), and 7.15% higher than the low of 100.90 points on April 09, 2019. (. (Note: Period refers to 2019-04-01 to date)

Price quotation: After the price of polyaluminium chloride rose significantly in the second half of August, the price of polyaluminium chloride was relatively stable in September. On September 23, the mainstream quotation of domestic polyaluminium chloride market was about 2000 yuan/ton, and on September 29, the mainstream quotation was 2000 yuan/ton. The market was relatively stable. According to the monitoring data of the commercial association (100ppi.com), the mainstream quotation in the domestic market of polyaluminium chloride is 1850-2200 yuan/ton for solid polyaluminium chloride (industrial grade, content (> 28%) containing tax, 350-500 yuan/ton for liquid (industrial grade, content 10-12%) containing tax, and 100-200 yuan/ton for solids from last month. The price of yuan/ton and liquid rose by 50 yuan/ton, while the price range was maintained in September.

Industry chain: In the recent upstream raw materials of polyaluminium chloride, the price of hydrochloric acid in North China, which was monitored by business associations last weekend, rose slightly. This week’s price was temporarily stable. The mainstream market quotation was 160 yuan/ton on the 22nd and 166.67 yuan/ton on the 27th, up 29.88% year-on-year. The price range is 20 yuan/ton. The quotation of other monitoring samples is stable for the time being. This month, the downstream demand for polyaluminium chloride is stable. At present, the production of polyaluminium chloride in Gongyi, Henan Province has stopped, and the production has been resumed for about ten days. The supply of goods has gradually returned to normal.

Industry: Since late July, the intermittent shutdown has basically ended. Manufacturers have resumed production one after another. The shutdown cycle has returned. In late July, the water purification and environmental protection enterprises of Yongan Road Street Office in Gongyi City, Henan Province, received the “shutdown notice” recently. The notice requires that: according to the city’s environmental pollution situation and future pollution. Weather situation analysis, the municipal fortification office requires all deep management enterprises to stop production before acceptance, according to the fortification office scheduling or acceptance can be returned to production. 2. Stop production again after resumption of production: resumption of production in August for 10 days and resumption of production on 15 days. According to the manufacturer, the suspension was more affected by the National Games held in Zhengzhou on 8 September. The local environmental protection inspection was strict. All local enterprises in Gongyi were asked to stop production for environmental protection management and maintenance. After the National Games on 8 September, the local factories did not receive the notice of start-up immediately, and strict environmental protection inspection was in progress. In late April and September, Gongyi local factories began to resume production one after another, and the supply of goods gradually returned to normal.

Future forecast: Business association analysis shows that the impact of environmental protection renovation, National Games and National Day on water treatment plants in Gongyi District, Henan Province, one of the main production areas, has weakened. Local manufacturers have resumed construction in the latter half of the year. Inventory shortages have been solved one after another. It is expected that after the 11th Golden Week, “gold, nine silver and ten” will be achieved. The traditional peak season effect will be released in October.

First, the trend of the market:

According to statistics, the domestic market price of phthalic anhydride began to drop slightly in late September. As of 27 days, the domestic market price of phthalic anhydride was 7150 yuan/ton, with a decline of 0.69%. About 7000-7100 yuan/ton of ortho-phthalic anhydride in Shandong and 7200-7400 yuan/ton of phthalic anhydride in Jiangsu are the mainstream of phthalic anhydride negotiations. There is sufficient spot supply in the market. The manufacturers reflect that the recent situation of goods is not good, and the price of phthalic anhydride has dropped slightly.

II. Market analysis:

Products: Recently, the domestic market price of phthalic anhydride has fallen down, the onset rate of phthalic anhydride is more than 60%, the spot supply is normal, some manufacturers reflect that the situation of recent goods is not good, the inventory of manufacturers has increased compared with the earlier period, and the market price of phthalic anhydride has slightly fallen. In recent years, the price of raw materials in the upstream market fluctuated mainly, the price of port phthalates did not change much, and there were still installations for overhaul in the phthalic yard, but the spot purchases of phthalic anhydride in the industry were less than in mid-early September, and the affected prices in the phthalic anhydride market dropped slightly; the downstream factories still maintained the need for purchasing, and the main stream of in-site neighbourhood 900-7200 yuan/ton, the main stream of negotiation of naphthalene method is 6500-6700 yuan/ton; the main market quotation of phthalic anhydride in North China is 6900-7100 yuan/ton, the market price is slightly lower, the quotation of some enterprises in North China is declining, downstream construction is general, purchasing on demand is dominant, wait-and-see mentality is strong, domestic phthalic anhydride is generally out of stock, manufacturers have increased. Plus, high-end transactions were blocked and phthalic anhydride prices fell.

Upstream: The execution price of domestic phenyl Sinopec is 6700 yuan/ton. Due to the overhaul of domestic phenyl manufacturers, the supply of goods on the site is tight, the price of phenyl remains high, the import phenyl market in the port area is stable, the recent market of phenyl in the port is good, the stock in the port is not high, the quotation of phenyl external market is temporarily stable, and the actual transaction price is in harmony with each other. In recent years, domestic phthalic anhydride market prices declined by a limited margin, supported by the upstream raw material price of phthalic anhydride.

Downstream: DOP prices remain volatile downstream, isooctanol prices remain stable, and DOP costs change little. DOP price is stable, DOP downstream demand is normal, customer purchasing enthusiasm is general, downstream PVC market volatility declines, DOP high-end transaction is blocked, DOP market mainstream transaction price 8050-8200 yuan/ton, terminal downstream price is lower, demand bears down the domestic phthalic anhydride market, phthalic anhydride market price slightly declined.

3. Future market forecast:

At present, the price of phthalic anhydride in the upstream is stable, terminal demand is decreasing, DOP price has a downward trend, and on-site profit is insufficient to support. Business analysts believe that the market price of phthalic anhydride may be slightly lower, with a price of about 7000 yuan/ton.

441_Silicon Price Trend

In August, due to the centralized release of domestic and foreign trade orders, market sentiment has warmed up, the pre-signing sufficient inventory of large northern factories has declined, and the price of silicon has risen substantially.

In September, metal silicon failed to continue the strong market in August. The export situation was lower than that in August, and trading was weaker. It is reported that the cumulative export volume of metal silicon in China from January to July 2019 was 414,000 tons, down 17.6% from the same period last year, with an average monthly export volume of 59,000 tons. In order to reduce the cost, Japan purchased Russian master alloys, global metallurgy, Eken and other large overseas silicon factories to split orders, and polycrystalline silicon production capacity accelerated the shuffling export of silicon powder for domestic sales.

Despite the poor demand on the demand side, the good news is that the supply side is also synchronized with the decline. It is reported that the total production of metal silicon in China from January to August 2019 was 1.38 million tons, a 21% decrease over the same period of last year.

According to data from business associations, as of September 26, the average market price of 441_metal silicon in China was 11158.33 yuan/ton, which was 1.11% lower than the average price of 11316.67 yuan/ton at the beginning of the month (September 1), and 12,175 yuan/ton at the beginning of the year (January 1), which was 8.35% lower than the average market price of 12,175 yuan/ton at the beginning of the year (January 1).

The price of 441# silicon in different regions on the 26th is as follows:

The price range of # metal silicon in Fujian is 10 600-10 800 yuan/ton, that of # metal silicon in Sichuan is 10 800-11 1000 yuan/ton, that of # metal silicon in Kunming is 10 800-11 1000 yuan/ton, that of # metal silicon in Shanghai is 11 800-11 900 yuan/ton, that of # metal silicon in Tianjin Port is 11 100-11 500 yuan/ton, and that of Huangpu is 1 800-11 500 yuan/ton. The price range of metal silicon in Hong Kong is 1100-11300 yuan/ton.

Recent low-grade metal silicon market is depressed, and the market will wait and see downstream demand changes. It is expected that short-term metal silicon will run smoothly and weakly.

Price Trend

According to the data of the business associations’list, the domestic adipic acid Market in this week (9.16-20) is slightly higher than that in last week. Some distributors have raised their quotations. The market price has risen by about 100-200 yuan/ton, with a percentage increase of 0.95%. By the end of the weekend, the mainstream quotation was between 8400 and 8500 yuan/ton.

II. Analytical Review

This week, the adipic acid market has risen slightly. The market has now entered a stage bottom. The bottom-finding process has basically come to an end. The market has stabilized and the price has rebounded slightly, but the increase is very limited. This week, some distributors have raised their quotations by about 100-200 yuan/ton. The markets in eastern and southern China have increased slightly, but the market has increased slightly. The atmosphere is still slightly deadlocked. Distributors are mainly active in delivering goods. There is room for market concessions. At present, the downstream market has a heavy wait-and-see mentality. The “Golden Nine” market has not arrived as expected. At present, there is no centralized purchasing behavior in the market. Crude oil with upstream costs in adipic acid prices this week has been rising since mid-August, up more than 15%, according to business associations. This is also an important reason why adipic acid prices have stopped falling and steadily rebounded.

In addition, the supply side, the market supply is still ample, and many distributors said that the inventory pressure is greater, the plant start-up rate is higher, the market inventory and manufacturer inventory have risen. This week, distributors have been picking up goods, although the distributor increased the quotation, but there is a certain bargaining space for product inventory, market price quotation and actual. Price difference is still in stock. The quotations of distributors in North, East and South China have been adjusted to varying degrees. Maintaining stable prices in most areas is the main reason. The supply pressure is another important reason why adipic acid prices have not rebounded substantially.

In terms of demand, the downstream demand is relatively weak. The traditional “Golden Nine” market has not arrived as scheduled this year. The downstream start-up rate is still slightly inadequate. The start-up rate is basically around 50%. The upstream adipic acid has not been effectively boosted. According to the data of business associations, the domestic PA66 market in mid-September is also downward-oriented, and the price is mainly lower. Down, this week’s decline of 2.51%, the downstream general downturn is the main reason adipic acid difficult to get rid of the weak market.

3. Future Market Forecast

The analysts of adipic acid in the chemical branch of business association think that the bottom rebounds at present, but the strength is limited, the market performance is relatively rigid, the pressure of supply and demand is still on, the supply of adipic acid is excessive and the demand is weak. It is very difficult to improve the current situation in the near future. Therefore, the Business Association believes that adipic acid market may continue to maintain a narrow adjustment pattern in the short term. Love is hard to find.

Price Trend

According to the data of business associations, the price trend of domestic TDI market increased slightly this week. At the beginning of the week, the average market price in East China was about 12800 yuan/ton. At the end of the week, the average market price in East China was about 12866.67 yuan/ton. During the week, the increase was 0.52%, which was 55.13% lower than that of last year.

II. Market Analysis

Product: This week, the TDI market in eastern China is weak, and the price trend is rising. However, the atmosphere in the market is low, the mindset of the operators is weak, and negotiation of shipment is the main way. As of the 20th, China’s domestic goods with tickets out of the warehouse offer reference 12500-12600 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 12700-12800 yuan/ton, a single talk, the actual negotiations.

Industry chain: The price of nitric acid in upstream is going up. The market price at weekend is about 1933.33 yuan/ton, which is 12.62% higher than 1716.67 yuan/ton at the beginning of the week. Since September, the price of nitric acid has been rising all the way. On September 17, Jiangsu manufacturers quoted 1950 yuan/ton, up 350 yuan/ton from the quotation at the beginning of the month. Influenced by environmental protection, some factories parking overhaul, nitric acid supply shortage. The nitric acid market may continue to operate strongly.

Influenced by the rise of crude oil upstream and the low level of port inventory, the domestic toluene market has been in a good general trend this week. At present, the mainstream price in East China is around 6500-6550 yuan/ton. According to the feedback from traders, the trading volume fell slightly from last week, and the port inventory remained low, at around 24,000 tons.

Industry: With the arrival of the traditional peak season in September, Sino-US trade has made TDI and downstream industries export a little laborious. The terminal digestion speed of TDI is not as fast as before, the market demand is weak, the domestic TDI market is running weakly, the atmosphere in the field is not good, the negotiations are mainly low-end shipments, and the focus of market delivery has slightly declined.

3. Future Market Forecast

According to the data analyst of business associations, the domestic TDI market is weak, the overall atmosphere of the venue is depressed and the turnover is sporadic. It is expected that the TDI market will be disadvantaged in the later period.

Price trends:

The price of acetic anhydride has remained stable this week, according to data from business associations. As of September 20, the average price quoted by acetic anhydride enterprises was 6000.00 yuan/ton, which was stable compared with the price quoted by acetic anhydride at the beginning of the week (September 16), and 18.51% lower than the same period last year. The market of acetic anhydride tends to be stable, and it is expected that the market will remain stable after acetic anhydride.

II. Market analysis:

Product analysis:

This week, acetic anhydride plant equipment start-up rate maintained stable, Yanzhou Mine equipment was restarted after a short shutdown, acetic anhydride supply is sufficient. This week, the quotation of domestic acetic anhydride factory remained stable, the price of acetic anhydride restored to the average level before maintenance, and the price of acetic anhydride fell in limited space. The future market of acetic anhydride is limited.

Factor analysis of industrial chain:

As can be seen from the figure, the price of acetic acid has fallen recently, the price of raw materials for acetic anhydride has fallen, and the cost of acetic anhydride has fallen, which has a negative effect on acetic anhydride. The cost of acetic anhydride enterprises has decreased slightly, and the price of acetic anhydride has some room to fall.

As for methanol, methanol has risen sharply recently, and the cost of acetic anhydride by methanol method has risen. The market of acetic anhydride in the future is good. The overall raw materials of acetic anhydride are mixed, and the market of acetic anhydride is expected to remain stable.

3. Future market forecast:

Bai Jiaxin, an analyst of acetic anhydride data from business associations, believes that this week acetic anhydride enterprise equipment started stable, acetic anhydride supply is relatively sufficient, acetic anhydride shortage has been alleviated, and acetic anhydride in the future has a general upward momentum; raw materials, acetic anhydride prices have fallen, acetic anhydride costs have fallen, methanol prices have a certain positive impact on acetic anhydride However, the overall negative results are mixed. Generally speaking, the supply of acetic anhydride is relatively sufficient in the near future, and the shortage of acetic anhydride has been alleviated; in raw materials, acetic acid price is stable and weak, methanol price fluctuation is rising, raw materials have mixed positive and negative effects on acetic anhydride market, and the eleventh stock-up is imminent, enterprises are ready in advance, and demand is rising in the short term, which has a certain driving force for growth. However, overall acetic anhydride has limited momentum to rise, and the price of acetic anhydride is expected to remain stable in the future.

I. price trend

This week (9.16-9.20) the domestic butadiene market rose sharply. Business Association monitoring showed that the domestic butadiene market price was 10401 yuan/ton at the beginning of the week, and 11 490 yuan/ton at the weekend. The domestic butadiene price rose by 10.47% in the week, rising by 16.05% annually and falling by 7.20% year on year.

II. Analysis of Influencing Factors

Products: This week (9.16-9.20), the domestic butadiene manufacturers’prices have risen sharply. Sinopec’s East China price has increased by 1200 yuan/ton to 1180 yuan/ton; Fushun Petrochemical’s transaction price has risen to 11900 yuan/ton. During the week, due to the equipment failure of Northeast manufacturers, the export volume of goods was shrinking. In addition, the peripheral news area boosted the short-term surge of crude oil and commodities at the beginning of the week, and the supply side and news side boosted the mentality of the merchants. Northern spot prices have been increased for many times, and spot resources in East China are scarce, with the market mainly rising. Short-term prices soared sharply, the downstream part of the surge mood is obvious, further driving up the market. Although the downstream rubber market has not increased significantly, butadiene spot market is short of supply, low-price supply is difficult to find, some just need passive high-price replenishment.

Enterprises: Sinopec East China Butadiene increased its supply price by 1200 yuan/ton to 1180 yuan/ton in a week; Liaotong Chemical Company on Monday (9.16) exported 104 tons of raw materials, the base price increased by 400 yuan/ton to 103100 yuan/ton, and the transaction price increased by 11110 yuan/ton; Fushun Petrochemical Company sold 480 tons of butadiene in a week, and the transaction price increased to 1190 yuan./ The Shenhua Ning coal 64,000 tons/year butadiene plant is in normal operation, the export price is 11,420 yuan/ton, the ring ratio is 1,750 yuan/ton; the low-load operation of the Jiutai butadiene oxidative dehydrogenation unit in Inner Mongolia, the listing price is 12,000 yuan/ton, the ring ratio is 1,800 yuan/ton, and it is discussed separately.

Industry chain: Downstream synthetic rubber, styrene-butadiene rubber, this week (9.16-9.20), domestic styrene-butadiene rubber factory prices rose 200 yuan/ton, dry rubber 1502 billed price 10800-10900 yuan/ton, 200 yuan/ton higher than last period; styrene-butadiene rubber 1712 billed price 9600-9950 yuan/ton, 200 yuan/ton higher than last period. This week, the domestic butadiene-styrene plant started with a load of 6.1%: Tianjin Lugang, Hangzhou Yibang and Fuxiang chemical butadiene-styrene rubber plant continued to shut down; Jilin chemical butadiene-styrene plant operated on two lines, Zhejiang vitamin-styrene plant operated on one line, Shenhua chemical resumed on two lines, Pristone butadiene-styrene plant operated at 40% of the low load, Lanzhou Petrochemical Company operated on two lines. The second line of butadiene-styrene plant operated, the third line of Fushun Petrochemical Company operated, and the butadiene-styrene plant of Qilu Petrochemical Company operated normally.

Cis-butadiene rubber: This week (9.16-9.20), the domestic mainstream sales company Gaoshun cis-butadiene rubber factory prices have risen; by the end of the draft, the domestic mainstream factory price of Gaoshun cis-butadiene rubber rose to 11 400-11 600 yuan/ton range, an increase of 400 yuan/ton. This week, the start-up rate of domestic high cis-butadiene rubber plant was maintained near 44%. Dushanzi and Lande Shuntine plant are scheduled to restart. The biochemical cis-butadiene plant is restarting one after another. Qixiang and Hop Shuntine plant continue to stop, so the start-up rate of high cis-butadiene is still at a relatively low level in the cycle.
3. Future Market Forecast

On the positive side, the spot resources in East China are relatively tight; the downstream part just needs to catch up with the rising sentiment; domestic suppliers have no inventory pressure for the time being. On the bearish side, the downstream industry has limited follow-up; the external market has not been significantly upward for the time being; downstream profits are under pressure. Supported by the supply side, the butadiene market is basically in a good direction. In addition, the market of butadiene soars sharply under the influence of some man-made operational factors in this cycle. Short-term downstream synthetic rubber with limited strength, with the rapid rise of butadiene market, business mentality gradually cautious, with the downstream chasing atmosphere cooling, high-price transactions in the market is difficult to sustain the current situation, but short-term domestic manufacturer inventory has maintained a low level, supply facing the market there is still some support. Under the combined influence, business community butadiene analysts expect the butadiene market to remain relatively strong next week, but advise cautious attention to the trading situation.

On September 19, the rare earth index was 378 points, down 1 point from yesterday, down 62.20% from the cyclical peak of 1000 points (2011-12-06), and up 39.48% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of neodymium, dysprosium and praseodymium in rare earth metals is 412,500 yuan/ton, 2325,000 yuan/ton and 695,000 yuan/ton respectively. The average price of praseodymium and neodymium oxide in rare earth oxides declined by 5,000 yuan/ton to 325,500 yuan/ton; the price of dysprosium oxide declined by 10,000 yuan/ton to 1.89 million yuan/ton; the average price of praseodymium oxide declined by 3.825 million yuan/ton; and the average price of neodymium oxide declined by 5,000 yuan/ton to 3.245 million yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 412.5 million yuan per ton, while the average price of dysprosium-iron alloys is down by 10,000 yuan per ton to 1.89 million yuan per ton.

Recent price declines in rare earth market, domestic rare earth market trading market is general, dysprosium and terbium metal and oxide prices fall, recent field inquiries for neodymium oxide and neodymium oxide have decreased, the price of light rare earth oxide slightly declined, recent market light rare earth merchants are poor, recent on-site turnover is general. The supply of rare earth is normal in China. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has its particularity, especially the radiation hazards of some products, which make the environmental protection supervision stricter. Under strict environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides, especially some mainstream rare earth oxides, which are normally supplied, and the price trend of rare earth market is temporarily stable. Recently, large enterprise groups in the field are reluctant to sell. The market of rare earth is general, and the turnover has not changed much.

Recently, the State Environmental Protection Department has been making strict investigations. Strengthening the supervision of the rare earth industry in Jiangxi Province has a great impact on the rare earth industry. The start-up of the rare earth industry is relatively low and the market is cold, which has brought some favorable support to the rare earth market. Recently, the State Council inspection team went to Jiangxi rare earth enterprises to inspect. This inspection closely centered 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, and focused on the strong blockades and pain points reflected by the people and the market subjects, so as to promote the implementation of various tasks from point to point. In addition, the Development and Reform Commission and relevant departments should take effective measures to regulate the industry, innovate and improve the relevant management mechanism, speed up the construction of a rational industrial structure, advanced scientific and technological level, effective protection of resources, orderly production and operation of the industry development pattern, and give full play to the special price of rare earth as a strategic resource. Meanwhile, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and national reserves.

Rare earth analysts of business associations expect that the domestic environmental protection will not be reduced in the near future, coupled with the domestic reorganization of the order of the rare earth industry, Jiangxi rare earth industry reorganization, supply or will maintain a low level, but the recent demand for rare earth downstream has not changed much, it is expected that some prices in the rare earth market will be mainly shocks.

On September 18, the rare earth index was 379 points, down 1 point from yesterday, down 62.10% from the cyclical peak of 1000 points (2011-12-06), and up 39.85% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of Neodymium in rare earth metals dropped by 3000 yuan/ton to 412,500 yuan/ton, Dysprosium by 2325,000 yuan/ton and praseodymium by 695,000 yuan/ton. The average price of praseodymium and neodymium oxides in rare earth oxides fell by 3000 yuan/ton to 327,500 yuan/ton; the price of dysprosium oxide dropped by 20,000 yuan/ton to 1.9 million yuan/ton; the average price of praseodymium oxide was 382,500 yuan/ton; and the average price of neodymium oxide dropped by 30 yuan/ton to 325,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys dropped by 3000 yuan/ton to 412,500 yuan/ton, and the average price of dysprosium-iron alloys dropped by 20,000 yuan/ton to 1.9 million yuan/ton.

Recent price declines in rare earth market, domestic rare earth market trading market is general, dysprosium and terbium metal and oxide prices fall, recent field inquiries for neodymium oxide and neodymium oxide have decreased, the price of light rare earth oxide slightly declined, recent market light rare earth merchants are poor, recent on-site turnover is general. The supply of rare earth is normal in China. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has its particularity, especially the radiation hazards of some products, which make the environmental protection supervision stricter. Under strict environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides, especially some mainstream rare earth oxides, which are normally supplied, and the price trend of rare earth market is temporarily stable. Recently, large enterprise groups in the field are reluctant to sell. The market of rare earth is general, and the turnover has not changed much.

Recently, the State Environmental Protection Department has been making strict investigations. Strengthening the supervision of the rare earth industry in Jiangxi Province has a great impact on the rare earth industry. The start-up of the rare earth industry is relatively low and the market is cold, which has brought some favorable support to the rare earth market. Recently, the State Council inspection team went to Jiangxi rare earth enterprises to inspect. This inspection closely centered 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, and focused on the strong blockades and pain points reflected by the people and the market subjects, so as to promote the implementation of various tasks from point to point. In addition, the Development and Reform Commission and relevant departments should take effective measures to regulate the industry, innovate and improve the relevant management mechanism, speed up the construction of a rational industrial structure, advanced scientific and technological level, effective protection of resources, orderly production and operation of the industry development pattern, and give full play to the special price of rare earth as a strategic resource. Meanwhile, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, and people in the domestic market are waiting for the good news of the policy and national reserves.

Rare earth analysts of business associations expect that the domestic environmental protection will not be reduced in the near future, coupled with the domestic reorganization of the order of the rare earth industry, Jiangxi rare earth industry reorganization, supply or will maintain a low level, but the recent demand for rare earth downstream has not changed much, it is expected that some prices in the rare earth market will be mainly shocks.

Price Trend

According to the data of business associations, the domestic market price of monoammonium phosphate dropped in mid-September. The average ex-factory price of powdery monoammonium on September 10 was 2150 yuan/ton, and as of September 17, the ex-factory average price was 2083 yuan/ton, down by 3.10%.

II. Market Analysis

Products: The domestic market of powdered monoammonium is weak, and raw materials continue to fall. Anhui province 55% ammonium powder factory quoted 2000 yuan – 2100 yuan / ton, smooth start. In Hubei, 55% of ammonium powder is quoted at about 2050 yuan/ton, while 60% of ammonium powder is quoted at 2100-2200 yuan/ton. Henan market maintained stable operation, 55% of ammonium powder factory quoted about 2050 yuan / ton, and started smoothly. The price of 55% ammonium powder in Shandong province is 2000-2100 yuan/ton, which is stable. Sichuan province 55% ammonium powder factory quoted about 2050 yuan/ton.

Industry chain: The price of raw material sulphur continued to fall. As of September 17, the reference price of sulphur was 580.00, which was 16.35% lower than that of September 1 (693.33). Negative bearish sentiment in the market remains weak. Inventory consumption is slow and the market is hard to find a good one. Phosphate ore market prices remain stable, few transactions, a small amount of downstream goods. The price of liquid ammonia has not fluctuated much since September, and the market has remained stable. Compound fertilizer enterprises are not ideal for purchasing, and the stock pressure is relatively high, and the autumn market is weak.

Industry: According to the price monitoring of business associations, in the 36 th week (9.9-9.13) of 2019, there were 1 rising commodities, 3 falling commodities and 5 falling commodities. The main commodities rising were ammonium sulfate (2.14%); the main commodities falling were ammonium chloride (-3.37%), monoammonium phosphate (-2.33%) and diammonium phosphate (-1.36%). Average gains and losses this week were -0.55%. According to the business association price monitoring, in the 36th week of 2019 (9.9-9.13), the price of phosphorus chemical industry rose and fell in a total of 1 commodity, 2 commodities fell, and 2 commodities rose and fell to 0. The main commodities rising were yellow phosphorus (1.25%); the main commodities falling were monoammonium phosphate (-2.33%) and diammonium phosphate (-1.36%). Average gains and losses this week were -0.49%.

3. Future Market Forecast

Ammonium phosphate analysts believe that the market for ammonium phosphate has been weak since September, and the market price has been falling in mid-September. Due to weak raw material sulfur market, limited support and lack of favorable market. The downstream compound fertilizer enterprises started one after another, but the goods went slowly. It is expected that the market of monoammonium phosphate will continue to be weak and low in the later period of consolidation.