According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market prices fluctuated and fell in November. The price of hydrochloric acid decreased from 162.50 yuan/ton at the beginning of the month to 152.50 yuan/ton at the end of the month, a decrease of 6.15%, and the price at the end of the month decreased by 22.98% year-on-year.

On November 28th, the hydrochloric acid commodity index was 40.13, unchanged from yesterday, a decrease of 70.90% from the highest point in the cycle of 137.89 points (2021-10-26), and an increase of 123.19% from the lowest point of 17.98 points on September 5th, 2012. (Note: The cycle refers to the period from September 1st, 2011 to present)

From the supply side perspective, the domestic hydrochloric acid market has slightly declined this month, and manufacturers have limited inventory.

Cost side: Liquid chlorine prices rise first and then fall

From a cost perspective, the upstream liquid chlorine market for hydrochloric acid slightly increased in November, with an overall increase of 50 yuan/ton. Cost support has increased.

Demand side: Downstream demand is good

In November, the market for polyaluminum chloride slightly increased, with market prices rising from 1751.25 yuan/ton at the beginning of the month to 1763.75 yuan/ton at the end of the month, an increase of 0.71%, and a year-on-year decrease of 12.74% at the end of the month. The market situation of ammonium chloride slightly increased in November, with market prices rising from 687.50 yuan/ton at the beginning of the month to 717.50 yuan/ton at the end of the month, an increase of 4.36%, and a year-on-year decrease of 27.89% at the end of the month. The downstream market has slightly increased, and downstream manufacturers are more proactive in purchasing hydrochloric acid.

Looking at the future: In mid to early December, the hydrochloric acid market may experience slight fluctuations and gains. Upstream liquid chlorine prices have slightly increased, leading to increased cost support. The downstream ammonium chloride and polyaluminum chloride markets have seen a slight increase, and downstream procurement enthusiasm is good. Analysts from Business Society believe that the recent market for hydrochloric acid may experience slight fluctuations and increases.

According to the commodity market analysis system of Business Society, the domestic propylene (Shandong) market rose first and then fell in October. At the beginning of November, the market was average at 7050 yuan/ton. On November 28th, the average price was 7083 yuan/ton, with a monthly increase of 0.46%, a decrease of 1.75% compared to the same period last year.

As of November 28th, the mainstream prices of propylene in different regions in China are as follows:

Region/ November 28th

Shandong region/ 7000-7050 yuan/ton

Northeast region/ 6700-6750 yuan/ton

East China region/ 7000-7050 yuan/ton

After experiencing a wave of gains in November, the domestic propylene market entered a downward pattern. At the beginning of the month, the downstream polypropylene market improved, and the price difference between propylene and it widened, driving the downstream to actively enter the market. At the same time, some upstream devices were shut down, resulting in a decrease in supply, and the propylene market was actively pushing up. Subsequently, the price of propylene rose to a high level, and downstream profit margins decreased, leading to a boycott mentality and a strong wait-and-see atmosphere. In order to stimulate sales in the upstream, price reduction and inventory reduction were the main measures.

Cost side: In November, upstream propylene products mainly increased, with significant cost support. Downstream products fluctuate, and the main downstream polypropylene remains weak, with average purchasing power, which hinders the propylene market.

The propylene analyst from the Chemical Branch of Business Society believes that overall, the current supply and demand of the propylene market are stable, and it is expected that the market will operate steadily in the short term.

1、 Price trend

Taking the sulfuric acid method rutile type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the focus of the domestic titanium dioxide market was downward in late November. On November 20th, the average price of titanium dioxide was 17266.67 yuan/ton yuan/ton, and on November 27th, the average price of titanium dioxide was 16650 yuan/ton, with a price reduction of 3.57%.

2、 Market analysis

In late November, the focus of the domestic titanium dioxide market was downward. The domestic terminal market continues to be weak, with limited new orders in the market. There is a strong wait-and-see sentiment on the market, and demand has weakened. The prices of leading manufacturers have been lowered by a thousand yuan, and some manufacturers have followed suit to lower their prices. As of now, most domestic quotations for rutile type titanium dioxide are between 16000-17600 yuan/ton; The quotation for rutile titanium dioxide is around 14500-15000 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region has fluctuated slightly. The low-end prices in the market have slightly increased, and the downstream titanium dioxide enterprises have a mediocre market situation. The market demand is not good, so we are more cautious and cautious in procurement. As of now, the tax-free quotation for grade 38-42 titanium concentrate is around 1460-1480 yuan/ton, the tax-free quotation for grade 46 10 titanium concentrate is around 2150-2200 yuan/ton, and the tax-free quotation for grade 47 20 titanium concentrate is around 2350-2480 yuan/ton. In the short term, the market price of titanium concentrate is mainly strong, and the actual transaction price is negotiable.

In terms of sulfuric acid, the domestic sulfuric acid market price has increased. According to data monitoring from Business Society, the average price of sulfuric acid on November 20th was 298 yuan/ton, and on November 27th it was 302 yuan/ton, with a price increase of 1.34%. The upstream sulfur market has recently seen a slight increase, with increased cost support. The downstream hydrofluoric acid market is consolidating at a high level, while the monoammonium phosphate market has recently seen a slight increase. Downstream customers are more enthusiastic about purchasing sulfuric acid.

3、 Future Market Forecast

Business Society Titanium Dioxide Analyst believes that currently, the price of titanium concentrate in the Panxi region is strong, with a slight increase in sulfuric acid prices, and upstream raw material support is still acceptable. However, the downstream market is weak, with most enterprises mainly observing and watching. The market trading situation is light, and the market focus is downward. It is expected that the titanium dioxide market will operate weakly and steadily in the short term, and the actual transaction price will remain unchanged.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on November 20th was 12975 yuan/ton, and on November 24th, the average market price of domestic liquid caprolactam was 13237 yuan/ton. This week, the price of caprolactam increased by 2.02%.

2、 Market analysis

The market price of caprolactam has increased this week. The price of raw material pure benzene has been lowered, weakening cost support. Some companies may undergo maintenance or load reduction of caprolactam units, resulting in tight spot supply in the market and stable downstream demand. Supported by supply and demand, the market trend of caprolactam is improving. As of November 24th, the settlement price for Sinopec’s high-end caprolactam this week is 13500 yuan/ton. It is a liquid premium product and will be accepted and self picked up in June.

This week, the price of raw material pure benzene has slightly decreased. On November 20th, the price of pure benzene was 7717 yuan/ton. On Friday (November 24th), the price of pure benzene was 7642 yuan/ton, a decrease of 1.39% from last week. This week, the price of Sinopec pure benzene was 7750 yuan/ton (prices in Shandong and Hebei regions were synchronized).

Downstream PA6 prices have slightly increased this week. The domestic PA6 market has rebounded narrowly, with some spot prices rising. As of November 24th, the average reference price for domestic PA6 is 14487.5 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that in recent days, the caprolactam market has been dominated by market trends. The market for raw material pure benzene is weakening, with insufficient cost support. In the later stage, as the enterprise facilities gradually recover, the supply shortage phenomenon has been alleviated. Expected short-term consolidation of caprolactam prices.

According to the Commodity Market Analysis System of the Business Society, the asphalt market is going down unilaterally. From November to the 23rd, the price of asphalt in Shandong region has dropped from 3806 yuan/ton to 3452 yuan/ton, a decrease of 9.28%, a month on month decrease of 9.36%, and a year-on-year decrease of 11.84%. The main reason for the decline in asphalt prices is the significant decline in international crude oil. Although there was occasional rebound during this period, the support was not strong, and the prices of major production enterprises were stacked twice in a row. At the same time, there was obvious competition for brand resources, and some implemented volume price preferential policies. However, downstream demand was relatively weak, and the asphalt market situation continued to decline.

On the supply side, the comprehensive operating rate of the asphalt industry has decreased compared to the previous month, which has a positive impact on the supply side.

On the cost side, during the same period (November 1st to 23rd), the international crude oil futures market fluctuated and fell, leading to a significant increase in US crude oil inventories. More importantly, weak economic data has exacerbated concerns about future demand. As of the close on November 13th, the settlement price of Brent crude oil futures’ main contract was 81.96 yuan/barrel, a decrease of 0.49 US dollars or 0.6%.

On the demand side, there is still a demand in the northern region to catch up on work and end up, which provides some support for low-priced shipments, but resource competition is obvious; The demand in the southern region is stable, with many inquiries and low-priced resources being the main focus. The demand side of the asphalt market is influenced by bearish factors.

As of the close on November 23, the oil asphalt futures market has declined. The main asphalt contract 2401 opened at 3518 yuan/ton, with a maximum price of 3554 yuan/ton and a minimum price of 3460 yuan/ton. It closed at 3554 yuan/ton in the end, a decrease of 7 yuan/ton compared to the previous trading day, a decrease of 0.20%. The trading volume was 318736 lots, the position was 263932 lots, and the daily increase was 12765 lots.

Future market forecast shows that asphalt manufacturers have accumulated inventory and slightly increased shipping pressure; The demand is weakening day by day, the supply-demand contradiction is gradually rising, and the market price is bearish. Business Society asphalt analysts predict that the domestic asphalt market is operating weakly.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of November 21, the reference average price of 85% thermal phosphoric acid in China was 7100 yuan/ton, which is 7080 yuan/ton compared to the reference average price on November 14. This week, the domestic price of thermal phosphoric acid increased by 0.28%.

According to the Commodity Market Analysis System of the Business Society, as of November 21, the reference average price of 85% wet process phosphoric acid in China was 6900 yuan/ton, which is 6883 yuan/ton compared to the reference average price on November 14. This week, the domestic wet process phosphoric acid price increased by 0.24%.

2、 Market analysis

The phosphoric acid market price fluctuated slightly this week. The price of raw material yellow phosphorus has weakened, and the cost support for thermal phosphoric acid is insufficient. The price of raw material phosphate rock has increased, and the cost of wet process phosphoric acid still has support. At present, the operating rate of phosphoric acid enterprises is stable, and downstream procurement is on demand. There are relatively few market inquiries, and the industry is mainly wait-and-see. As of November 21st, the factory quotation for 85% industrial grade thermal phosphoric acid in Yunnan region is around 7300 yuan/ton, while the factory quotation for 85% industrial grade thermal phosphoric acid in Hubei region is around 6600-7300 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6250-7650 yuan/ton.

In terms of raw phosphorus ore, the domestic phosphorus ore market overall remained stable and slightly upward again this week. Some mining enterprises in Guizhou region have raised the prices of mid to high-end grade phosphate rock in a narrow range, with an increase of about 20-30 yuan/ton. As a result, the supply of low-priced goods on site has decreased, and the price difference between high and low prices has narrowed. As of November 21st, the domestic market price for 30 grade phosphate ore is around 1000 to 1100 yuan/ton, with higher prices around 1150 yuan/ton.

In terms of raw material yellow phosphorus. The domestic yellow phosphorus market price has been lowered this week. The overall market trading situation of yellow phosphorus is light, and many yellow phosphorus enterprises have suspended external quotations. Enterprise quotations are mainly firm. The quotation in the yellow phosphorus market has loosened slightly, and downstream procurement is still cautious, with more wait-and-see trends and a focus on just demand. As of now, the quoted price in the yellow phosphorus market is around 25680-27300 yuan/ton, and the actual transaction is subject to negotiation.

3、 Future Market Forecast

Phosphoric acid analysts from Business Society believe that there has been a slight adjustment in the price of phosphoric acid recently. The market for raw material yellow phosphorus has weakened, and the cost support for thermal phosphoric acid has weakened. Downstream demand performance is poor, with on-demand procurement being the main focus. It is expected that the short-term phosphoric acid market will operate weakly, with narrow adjustments being the main focus.

Product Name: Neopentyl Glycol

Latest price (November 21st): 9900.00 yuan/ton

On November 21st, the domestic market price of neopentyl glycol slightly decreased, with a decrease of 200 yuan/ton compared to November 20th, a decrease of 1.98%, and a year-on-year increase of 10.41%. The raw material isobutyraldehyde market has recently stabilized at a low level, with average cost support. The downstream polyester resin market is average, and downstream customers have weak enthusiasm for purchasing neopentyl glycol.

In the future, it is expected that the domestic market price of neopentyl glycol may fluctuate slightly and decline. The average market price is around 9600 yuan/ton.

According to the Commodity Market Analysis System of the Business Society, the mainstream prices of styrene in Shandong have been fluctuating and rising recently. At the beginning of the week, the average price of styrene in Shandong was 8600.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 8758.33 yuan/ton, an increase of 1.84%. The price has increased by 7.24% compared to the same period last year.

styrene

Recently, the market price of styrene has increased. From the above chart, it can be seen that the price of styrene fluctuated slightly last month, while this week’s market was volatile and exploratory. Supply is tightening, international oil prices have rebounded significantly, cost support is good, and the styrene market continues to rise. Recently, styrene inventory has been low, and it is expected that the short-term volatility of the styrene market will mainly rise.

In terms of raw materials, the price of pure benzene has slightly increased this week, while spot transactions of pure benzene have weakened. Supported by the rise in styrene market, transactions in the far month have been positive, with prices rebounding slightly. The transaction was good, and the refinery’s offer continued to rise during the day. However, the trend of pure benzene in East China did not meet market expectations, and buying gas in Shandong fell, resulting in a significant decrease in transaction volume.

In terms of downstream market, the three major downstream markets of styrene have fluctuated. PS prices fell earlier this week. The domestic PS market continues to decline, with a strong sense of caution on the market and insufficient confidence among merchants. The mainstream price of GPPS in the East China market is between 8950 and 10100 yuan/ton, while the mainstream price of HIPS (polystyrene) is between 9350 and 10550 yuan/ton.

The EPS market has remained stable this week, with an average price of 10125.00 yuan/ton for ordinary materials. Upstream support has weakened, with a focus on market transactions. Terminal profits are meager, and buying follow-up is limited. Overall, the transaction is average, with a strong wait-and-see atmosphere on the market. Buying is mainly on demand.

Recently, the domestic ABS market has remained stable, with overall fluctuations among the three upstream materials. Among them, the acrylonitrile market continues its previous strong trend. Although the demand level is average, the price of propylene at the raw material end has surged, and the cost support for acrylonitrile has increased; In addition, due to the expansion of domestic production capacity losses in the early stage, there are now delays in resuming work on individual devices, resulting in a decrease in market supply and increased supply side support. Acrylonitrile leads to bullish guidance and price increases. It is expected that the ABS market will struggle to overcome the supply-demand contradiction in the short term, or it will maintain a weak consolidation market.

At present, according to the news, international oil prices have risen, cost support is relatively strong, domestic styrene units have decreased, and there are many positive factors. It is expected that the short-term styrene market will be mainly strengthened and consolidated.

According to the Commodity Market Analysis System of Business Society, the domestic spandex market has temporarily stabilized this week (November 13-17). As of November 17, the price of 40D spandex was 32950 yuan/ton, unchanged from the beginning of the week and a year-on-year decrease of 11.72%.

This week, the domestic pure MDI market experienced a decline. Imported goods have gradually arrived at the port, and overall traders have increased their enthusiasm for shipping, but downstream demand is weak. Market spot mainstream negotiation 21500-21800 yuan/ton wire transfer in barrels for self pickup, with slightly lower import source prices. Driven by the decline in raw material BDO in the early stage, cost support has weakened. Currently, PTMEG prices are stagnant and the quotation for 1800 molecular weight remains at 21000 yuan/ton.

The terminal textile industry has entered a seasonal off-season, with some products having high inventory and low downstream stocking enthusiasm, mainly focusing on purchasing on demand. In terms of orders, winter orders have started to start as the weather turns colder, but currently, orders at the weaving end may not be sustainable, especially with the end of supplementary orders, and there is still pressure for weaving shipments to weaken again. In addition, the start-up rate of texturing, weaving, and printing and dyeing has decreased locally, with the comprehensive start-up rate of Jiangsu and Zhejiang looms around 75%.

Analysts from Business Society believe that the current inventory pressure in spandex factories is high. For example, Taihe New Materials spandex currently has a production capacity of approximately 100000 tons and inventory is around two months. Before the substantial recovery of terminal demand, the expectation of weak demand and accelerated inventory accumulation is that the spandex market will operate weakly.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of chlorinated paraffin 52 in China on November 10th was 5633 yuan/ton. On November 16th, the average market price of chlorinated paraffin 52 in China was 5533 yuan/ton, and the price of chlorinated paraffin 52 fell by 1.78% this week.

2、 Market analysis

The market price of chlorinated paraffin has fallen this week. This week, the price of raw material liquid wax fell first and then rose, while the price of raw material liquid chlorine fell, and the cost side was mixed. At present, the market demand is light, and downstream procurement is just needed. Manufacturers and distributors often adopt a wait-and-see attitude. As of November 16th, the factory price of chlorinated paraffin 52 in Anhui Province is around 5900 yuan/ton, while the national standard market price of chlorinated paraffin 52 in Shandong Province is around 5000-5300 yuan/ton.

In terms of raw material liquid wax, the price of liquid wax fell first and then rose this week. Recently, the market has stabilized, and liquid wax fluctuates with the crude oil market. In terms of raw material liquid chlorine, the price of liquid chlorine has dropped this week, with weak on-site trading and relatively stable market demand.

3、 Future Market Forecast

Analysts from the Business Society believe that the market for chlorinated paraffin raw materials has stabilized recently, with downstream on-demand procurement and relatively weak demand side, resulting in fewer market inquiries. It is expected that the price of chlorinated paraffin will run smoothly in the short term, and it is recommended to pay attention to changes in cost and demand.