1、 Price trend

 

According to the data monitoring of the business agency, as of January 8, the average market price of butanone was close to 8766 yuan / ton, down 300 yuan / ton, down 2.94% compared with January 6.

 

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2、 Market analysis

 

Product: Product: after new year’s day, the domestic butanone market has always been in a weak downward trend, mainly market consolidation. Due to the general spot inventory, most factories hold the pace of delivery with price reduction, the transaction is relatively cold, and the downstream is more cautious to prepare goods. On January 8, the market reference average price dropped about 300 yuan / ton again compared with the previous days. At present, the mainstream reference price of butanone market is around 8500-8900 yuan / ton. The ex factory quotation of Shandong Lishu chemical butanone is 8600 yuan / ton (purified water), 200 yuan / ton lower than that of 6 days; the ex factory quotation of Shandong Zibo Qixiang butanone is 8600 yuan / ton (purified water, 200 yuan / ton lower than that of 6 days); the ex factory quotation of Haiyue new material butanone is 8750 yuan / ton for reference; the butanone market in South China is temporarily stable, 8800 yuan / ton for reference; the butanone market in Jiangsu is flat, Among them, the ex warehouse price of butanone of Jiangsu Nantong Zhongkai Chemical Co., Ltd. is 8500 yuan / ton, down 500 yuan / ton compared with the previous days; the market of butanone in East China is volatile and weak, and the reference price is 8500-8650 yuan / ton; the market in North China is temporarily stable, and the reference price is 8650 yuan / ton.

 

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Industrial chain: the liquefied gas (Civil) market has been rising steadily since January 1. As of January 7, the reference price of liquefied gas (Civil) is 4883.33, up 6.55% compared with January 1 (4583.33), and the mainstream price of liquefied gas market in North China is about 4950-5000 yuan / ton. The market transaction is normal. The mainstream price of liquefied gas market in East China is 4730-4770 yuan/ The market turnover is normal,

 

3、 Future forecast

 

According to the analysis of the data division of the business club, it is expected that the overall butanone market will be stable before the Spring Festival.

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1、 Trend analysis

 

According to the data monitoring of business agency, the domestic cobalt price rose steadily after new year’s day. As of January 7, the price of cobalt was 271166.66 yuan / ton, up 1.75% from the average price of 266500.00 yuan / ton on December 31. Cobalt price rises steadily in the new year. Will the market continue in 2020? How much will the future increase?

 

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2、 Market analysis

 

LME cobalt price

 

From the trend chart of LME cobalt price, it can be seen that after the new year’s day, the price of LME market rose after the fall, and the international cobalt market recovered, but the overall upward momentum is limited, and the future market is good, but the risk of catching up is large.

 

Domestic market analysis

 

Inventory date, variety, inventory quantity, delivery quantity unit

451.5 tons of 2020-1-7 cobalt

2020-1-6 cobalt 448 2 tons

3902 tons of 2020-1-3 cobalt

390.75 1.5 tons of 2020-1-2 cobalt

2019-12-31 cobalt 400 9.25 tons

December 30, 2019 378 2 tons of cobalt

December 27, 2019 379.25 1.25 tons of cobalt

251.5 1.25 tons of cobalt 2019-12-26

248 3.5 tons of cobalt 2019-12-25

231 3 tons of cobalt 2019-12-24

243.5 27.5 tons of cobalt 2019-12-23

256 11.5 tons of cobalt 2019-12-20

It can be seen from the inventory table of Wuxi stainless steel trading center that with the increase of market cobalt price in recent years, the cobalt inventory of Wuxi stainless steel trading center market has increased substantially, while the volume of transactions has not increased significantly. There are still a lot of social stocks in the market. When the price of cobalt rises, the stock cobalt is put into the market to cash out. The supply of cobalt market is sufficient, and the rising power of later cobalt market is insufficient.

 

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3、 Future prospects

 

According to Bai Jiaxin, a data analyst of business agency, domestic cobalt price continued its previous trend after new year’s day, and the price of cobalt fluctuated and rose. However, relatively speaking, this wave of price trend was relatively stable, and the price of cobalt rose slightly and steadily. From the international and domestic market environment, it is not difficult to see the reasons for this trend. In the international market, the LME cobalt price rises after the new year’s day, and the MB market cobalt price rises, which has a certain positive impact on the domestic cobalt market. In the domestic market, the social inventory of the cobalt market is still large, the supply of the cobalt market is sufficient, the rising power of the cobalt market is limited, and the rising trend of the cobalt price slows down. As the Spring Festival approaches, domestic manufacturers prepare goods in advance, and customers The short-term increase of cobalt market demand has a certain role in promoting the price of cobalt. However, with the end of the Spring Festival stock up, the price of cobalt has lost its support, and the price of cobalt will return to stability. Generally speaking, the recent cobalt market has a certain increase support, but the positive momentum is insufficient. In the future, the cobalt price will mainly maintain strong stability, or rise slightly in the short term.

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1、 Price trend

 

According to the data monitoring of the business agency, as of January 6, the average market price of butanone was around 9066 yuan / ton, down 200 yuan / ton, or 1.80% compared with that before the festival (December 31).

 

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2、 Market analysis

 

Product: since the end of December, the market of butanone has been under performing, with limited climbing power and weak market. The price in the last week of December has been basically stable. On December 30, the market price was lowered, and the market reference average price was around 9200 yuan / ton. After new year’s day, on January 2, the domestic butanone market continued to be weak and falling. Due to the low stock, most factories’ price cuts were avoided in January The market stock is overstocked, the transaction is still relatively cold, the factory continues to reduce the price, the industry is more cautious, and the purchasing power of the downstream factory is relatively low. At present, the factory quotation of Shandong Lishu chemical butanone is 8800 yuan / ton (purified water), 200 yuan / ton lower than that before New Year’s day; the factory quotation of Qixiang butanone in Zibo, Shandong is 8800 yuan / ton (purified water); the reference quotation of butanol market in East China is around 8650 yuan / ton; the reference quotation of butanol market in North China is around 8650 yuan / ton; the reference quotation of butanol market in South China is around 8800 yuan / ton.

 

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Industrial chain: last Friday, the price of liquefied gas in Shandong was around 4725 yuan / ton, 150 yuan / ton higher than a week ago. This week’s crude oil high volatility, good support for the market limited. Due to the new year’s Day holiday, oil products are shipped first, and the support for raw ether is limited. Fortunately, the price is stable and moderate. The increase of civil gas is obvious, and the good mainly comes from the optimistic expectation of the downstream for the import cost in January. In addition, the higher price difference with propane is also one of the important good.

 

3、 Future forecast

 

According to the analysis of the data division of the business agency, it is expected that the domestic butanone will usher in the downstream stock tide before the Spring Festival, and the price may rise steadily or slightly.

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1、 Price trend

 

The domestic isomerized xylene market was stable and volatile this week, down about 0.89% as of Friday, according to the data in the large list of business agencies.

 

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2、 Analysis and comment

 

1. Product: compared with last week, the market trend of this week is slightly fluctuating. At present, the mainstream price in East China is about 5700 yuan / ton. According to the feedback from traders, last week’s trading volume was average, and port inventory rose slightly, about 25000 tons.

 

2. Industrial chain:

 

Upstream, in terms of crude oil, this week’s oil prices generally showed a volatile downward trend. As of Friday, spot Brent fell 4.72%, Brent futures fell 3.46%, WTI futures fell 0.94%, and Dubai futures fell 3.30%.

 

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Downstream, in PX market, the price of domestic market has increased. At present, it is about 6900 yuan / ton. The price of external market is about 814-816 US dollars / ton FOB South Korea and 834-836 US dollars / ton CFR China. It is expected that the price of PX market will maintain 6900 yuan / ton next week. In terms of PTA market, the external price is about $615 / ton, while the domestic PTA spot market price continues to rebound slightly, and it is expected that the PTA market will remain weak in the short term. In the ox market, Sinopec’s price of o-benzene rose at 6300 yuan / ton, and the price of o-benzene rose in the external market. It is expected that the trend of o-benzene in the future will maintain a small fluctuation.

 

3、 Future forecast

 

Xylene analysts from the chemical branch of business society think: next week, we will continue to focus on market turnover, port inventory and crude oil trend. Overall, toluene market is expected to continue to fluctuate next Tuesday.

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1、 Price trend

 

According to the data of the commodity list of business association, the formaldehyde Market in Shandong fell on December 2. The average price of formaldehyde on December 31, 2019 was 1060.00 yuan / ton, and the average price of formaldehyde on January 2, 2020 was 1046.67 yuan / ton, down 1.26%. The current price is down 9.38% year on year.

 

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2、 Market analysis

 

Products: the price of formaldehyde in the domestic market has fallen. As of the 2nd day, the main factory quotation in Hebei is about 980 yuan / ton, the main factory quotation in South China is about 1180 yuan / ton, the main factory quotation in Shandong is about 1000 yuan / ton, and the main factory quotation in Jiangsu is 1160 yuan / ton. The annual output of 120000 tons formaldehyde plant in Linyi Yinhe, Shandong Province has been restarted, with the formaldehyde content of 36.7-37%. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons and formaldehyde content of 37%. The plant has been restarted. Formaldehyde plant restart more, formaldehyde market stock increased, formaldehyde Market as a whole deal light, formaldehyde manufacturers shipping is not smooth, prices fell slightly.

 

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Industrial chain: in recent days, the upstream methanol market has been reorganized in a narrow range. In terms of the mainland market, the overall change is not big, the demand side remains light, the port inventory continues to be in a large range in the reservoir area, the market circulation source gradually reduces, the methanol price has a small rise, but the consolidation will be maintained soon, with limited support for methylaldehyde. The downstream market is affected by environmental protection regulations, with limited start-up and shrinking demand. The formaldehyde price tends to decline while the rigid purchase is maintained.

 

3、 Future forecast

 

Recently, the upstream methanol market tends to be stable, the cost fluctuation is small, and the actual order transaction is limited. The downstream market operating rate generally maintains rigid demand procurement, and the cost and demand support is weak. Therefore, the formaldehyde analyst of the chemical branch of the business society predicts that the domestic formaldehyde price or low consolidation is the main factor in the near future.

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1、 Price trend:

 

According to the data monitoring of business agency, the quotation of o-xylene Sinopec contract was stable and o-xylene market was stable in December. As of December 31, the contract price of o-xylene Sinopec was 6200.00 yuan / ton, which was stable compared with the price of 6200.00 yuan / ton at the beginning of the month. The price is 12.68% lower than that of the same period last year.

 

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2、 Market analysis:

 

External offer

 

As can be seen from the table, the price of o-benzene in the external market rose sharply in December. As of December 27, the price of o-benzene in China was 789 US dollars / ton, 36 US dollars / ton higher than that of 753 US dollars / ton in November 29. The price of o-benzene in South Korea and Southeast Asia also rose slightly. In December, the external price of orthobenzene rose, the import price of orthobenzene rose, the port price of orthobenzene rose, and the port inventory is still at a low level. The overall external price rise is good for the future market of orthobenzene.

 

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Factor analysis of industrial chain

 

It can be seen from the up and down chart of o-benzene industrial chain that in December, the price of mixed xylene fell sharply, the price of o-benzene raw materials fell sharply, and the production profit of o-benzene in December was relatively high, with a large space for decline. In December, the price of phthalic anhydride remained stable, the demand for o-benzene was stable, and there was no downward pressure on o-benzene.

 

3、 Future forecast:

 

Bai Jiaxin, a data analyst at business house o-xylene, believes that the demand for o-xylene was stable in December, with little downward pressure. The price of raw materials decreased and the profit of o-benzene increased. There is a certain space for price reduction. However, the price of o-benzene remained stable in December due to the continuous increase of external quotation and the domestic o-benzene market. With the decline of plasticizer Market, phthalic anhydride market may turn stable and go down, which is bad for the future market of orthobenzene. Generally speaking, the future market of orthobenzene is mainly volatile and stable, but there is certain downward pressure.

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