1、 Price trend of lithium hydroxide:

(Figure: P value curve of lithium hydroxide product)

2、 Market analysis:

Product: the average price of lithium hydroxide as of March 25 was 57000 yuan / ton, which was the same as that of yesterday, according to the data in the bulk list of business agencies. In a half year cycle, it fell 20.02% year on year. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 58000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 55000 yuan / ton. The specific price will be discussed in a single way. At present, the mainstream price of industrial lithium hydroxide Market in China is around 55000-58000 yuan / ton.

Industry chain: according to the price monitoring of the business agency, the average price of industrial lithium carbonate in East China on March 23 was 43600 yuan / ton, and the average price of battery lithium carbonate in East China was 50200 yuan / ton. Production enterprises have resumed work one after another, the market operating rate has gradually increased, the supply has increased, downstream users just need to purchase, and some enterprises have lowered prices. The recovery of power market demand is not as expected, and the market atmosphere of battery grade lithium carbonate is weak. At present, the main quotation of industrial lithium carbonate market is around 40000-47000 yuan / ton, and that of battery lithium carbonate market is around 47000-52000 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 9 kinds of commodities in the rise and fall list of bulk commodity prices on March 24, 2020, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top 3 commodities are formic acid (17.09%), nitric acid (3.23%) and liquid ammonia (0.51%). There are 20 kinds of commodities falling on a month on month basis, with 5 kinds of commodities falling by more than 5%, accounting for 5.7% of the number of commodities monitored in the sector; the top three products falling are PX (- 9.09%), DOP (- 7.50%), and hydrogenated benzene (- 6.56%). The average price of this day was – 0.46%.

3、 Future forecast:

According to analysts of lithium hydroxide of business association, the price of upstream lithium carbonate has declined slightly recently, with limited impact on lithium hydroxide. It is expected that the industrial lithium hydroxide Market will be stable in the short term, and more attention should be paid to the inventory and demand.

1、 Price trend of lithium carbonate:

(Figure: P value curve of lithium carbonate product)

2、 Market analysis:

Product: according to the price monitoring of the business agency, the market of lithium carbonate fell on the 23rd. Production enterprises have resumed work one after another, the market operating rate has gradually increased, the supply has increased, downstream users just need to purchase, and some enterprises have lowered prices. The recovery of power market demand is not as expected, and the market atmosphere of battery grade lithium carbonate is weak. On March 23, the average price of industrial grade lithium carbonate in East China was 43600 yuan / ton, down 1.36% compared with last Friday and 37.54% compared with the same period last year. On March 23, the average price of battery grade lithium carbonate in East China was 50200 yuan / ton, down 1.95% compared with last Friday and 37.41% compared with the same period last year. At present, the main quotation of industrial lithium carbonate market is around 40000-47000 yuan / ton, and that of battery lithium carbonate market is around 47000-52000 yuan / ton.

On March 23, the lithium carbonate commodity index was 111.08, down 1.53 points from yesterday, down 72.58% from 405.10 (2018-01-07), the highest point in the cycle, and up 12.73% from 98.54, the lowest point on October 16, 2014. (Note: cycle refers to 2011-09-01 to now)

Industry: according to the price monitoring of the business agency, there are five commodities in the list of commodity price rise and fall on March 23, 2020, among which the top three commodities are isopropanol (1.27%), acetone (1.15%) and potassium sulfate (0.88%). There are a total of 33 kinds of commodities with a decline of more than 5%, and 6 kinds of commodities with a decline of more than 5%, accounting for 6.9% of the monitored commodities in this sector; the products with the top 3 falls are styrene (-10.65%), organosilicon DMC (-6.73%) and n-butanol (industrial grade) (-6.29%). The average price of this day is – 0.95%.

3、 Future forecast:

Analysts of lithium carbonate of business club believe that in the short term, the market of lithium carbonate is expected to be mainly consolidated and operated, and more attention should be paid to the information guidance of supply and demand.

According to statistics, the price of phthalic anhydride in China continues to decline. As of March 23, the price of phthalic anhydride from o-phthalic acid method was 4912.5 yuan / ton. Recently, the price of phthalic anhydride in China has been falling continuously, the demand of plasticizer industry is general, and the market of phthalic anhydride is weak.

In recent years, the domestic market price of phthalic anhydride continues to decline. Due to the influence of the low price of crude oil in the early stage, the price of phthalic anhydride upstream raw material ortho benzene drops sharply, and the affected price of phthalic anhydride market continues to decline. In addition, some phthalic anhydride manufacturers still have inventory in the near future, and the delivery situation is poor. The market price of phthalic anhydride and phthalic anhydride in East China fell, the downstream factories returned to work slowly, the factory inventory pressure increased, the high-end transactions were blocked, and the market price fell continuously. In East China, the main flow of negotiation for neighboring process and naphthalene process is 4700-5000 yuan / ton and 4400-4600 yuan / ton respectively; in North China, the main flow of quotation for phthalic anhydride market is 4800-5100 yuan / ton, most of the manufacturers’ prices in the site fall, the downstream construction is not high, the main flow of procurement is on demand, the wait-and-see mentality is strong, the operation of domestic phthalic anhydride plant is general, the spot supply of phthalic anhydride in the site is sufficient, and the price of phthalic anhydride is walking The trend is falling.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec fell to 4600 yuan / ton, the import price of phthalic acid in port area fell, the price of phthalic acid in port area fell, the price of phthalic acid in port area fell recently, the price of phthalic acid in external market fell, the actual transaction price is subject to negotiation, the detailed discussion shows that the operation of phthalic acid equipment is basically normal, the supply of phthalic acid is stable, affected by the decline of upstream raw material phthalic acid price, phthalic anhydride City Market prices continued to fall.

 
In the downstream, the price of raw material phthalic anhydride of DOP fell, the price of isooctanol fell sharply, the cost of raw material of DOP fell in shock, DOP enterprises operated at low load, and the logistics and transportation recovered gradually in the near future, but DOP manufacturers still had a lot of inventory. DOP price fell, PVC enterprise equipment start low, customer procurement enthusiasm is poor. The main quotation in DOP market is about 6500-6900 yuan / ton, a small amount of market plasticizer is traded, the upstream ox price is significantly lower, and it is expected that the market price of phthalic anhydride will continue to fall in the later period.

1、 Price trend

The cost surface collapsed, and the domestic cyclohexanone market continued to decline this week. According to the monitoring data of the business agency, the average price of domestic cyclohexanone producers at the beginning of the week was 7100 yuan / ton, while the weekend price of cyclohexanone was 6300 yuan / ton, down 11.27% in the week, 14.67% month on month, 40.57% year-on-year.

2、 Market analysis

Product: this week, the market of cyclohexanone continued to decline. In terms of price, the mainstream factory in Shandong Province delivered 6250-6300 yuan / ton in cash, down about 500 yuan / ton from last week. The main quotation in Shandong is 6400-6500 yuan / ton, the main quotation in East China is 6700-6800 yuan / ton, and the main quotation in South China is 6800-6900 yuan / ton. All in cash. Affected by overseas health events, the prevention and control of city closures in many countries led to a sharp decline in oil demand and a wide decline in crude oil and pure benzene market. On Wednesday (March 18), Sinopec’s listing of pure benzene was reduced by 500 yuan / ton, and then by 350 yuan / ton to 3700 yuan / ton on Thursday (March 19). The cost side collapsed, the market panic increased, and the enthusiasm for purchasing caprolactam and solvents in the downstream market was not good, and the company was self reliant Ketone shipments are blocked, inventory pressure increases, and supply and demand are unbalanced.

Industrial chain: raw materials, pure benzene: in the week, the market of pure benzene in Shandong fell, with the main stream of 3600-3800 yuan / ton. Market economy is weak, crude oil plummeted, driving the sharp decline of pure benzene US gold market, and market pessimism spreads. Oil prices plummeted. Due to the “floor price” policy, the company has a large profit margin, and the construction load has been increased. In addition, Changyi and Yatong Petrochemical have been restarted, and Huaxing, Zhenghe and petrochemical are expected to restart. The supply of pure benzene is expected to increase, so the industry is more cautious to wait and see the future. Shandong downstream enterprises just need to take the goods, with strong pressure on price, poor delivery of refining, and falling transaction price. At present, the price of pure benzene has fallen to the historical low since 2009, but due to the large number of subsequent ships, and it is expected that the production of pure benzene will increase with the increase of refinery load, and the overall supply of pure benzene is sufficient. Downstream users are not eager to purchase, and the industry still holds bearish expectations for the future.

Caprolactam: at present, the market is mainly affected by the peripheral negative effects. Russia’s crude oil plans to increase crude oil production and compete at low prices. Combined with the outbreak of foreign epidemics, demand expectations are reduced. The global market panic index soars, and commodity and stock indexes plummet. WTI crude oil fell by 51% in recent two weeks, and the price of pure benzene dropped by 29% from 5200 yuan / ton at the beginning of the month to 3700 yuan / ton at present. Sinopec’s listing of pure benzene has been lowered twice in a row, from 500 yuan / ton to 4050 yuan / ton on Wednesday (March 18), and 350 yuan / ton to 3700 yuan / ton on Thursday (March 19). With the collapse of caprolactam cost and the market panic, the pessimism in the market continued to increase, the downstream buying became weaker, and the price of caprolactam continued to fall deeply.

Adipic acid: at the beginning of this week, the adipic acid market achieved a little effect in exchange of price and volume, but the short hits such as raw materials and news came one after another, the market entered the passive waiting again, and adjusted the pace to find the bottom again. Up to now, the negotiation has been delivered by acceptance of 7100-7500 yuan / ton. The middle end of multiple sources of goods has been negotiated on the low side, and the firm offer is weak, so we will continue to pay attention to it. The weekly average price of East China market was 7479 yuan / ton, down 2.87% month on month, down 12.3% year on year.

3、 Future forecast

From the perspective of cost, it is difficult to improve the overseas epidemic in a short time. If OPEC does not return to the production reduction negotiations, it is expected that the international oil price will still run at a low level next week, and the cost will collapse. From the perspective of supply and demand, market panic will intensify, and it is expected that the short-term terminal demand will not increase significantly, the downstream procurement demand will still be low, the inventory pressure will increase, and many negative factors surround the business community Ketone analysts expect that the short-term market weakness of cyclohexanone is hard to change, and continues to decline.

1、 Price trend of lithium hydroxide:

(Figure: P value curve of lithium hydroxide product)

2、 Market analysis:

Product: on March 19, the focus of lithium hydroxide Market negotiation was temporarily stable, and the market did not change significantly. The average price of lithium hydroxide as of March 19 was 57000 yuan / ton, the same as that of yesterday, according to the data in the bulk list of business agencies. In a half year cycle, it fell 20.02% year on year. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 58000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 58000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 55000 yuan / ton. The specific price will be discussed in a single way. At present, the mainstream price of industrial lithium hydroxide Market in China is around 55000-58000 yuan / ton. On March 18, the lithium hydroxide commodity index was 135.71, unchanged from yesterday, down 64.43% from 381.48 (2016-09-12), the highest point in the cycle, and up 35.71% from 100.00, the lowest point on September 4, 2014. (Note: cycle refers to 2014-09-01 to now)

Industry chain: according to the price monitoring of the business agency, on March 18, the average price of industrial lithium carbonate in East China was 44200 yuan / ton, and the average price of battery lithium carbonate in East China was 51200 yuan / ton. At present, the mainstream price of industrial lithium carbonate market is around 40000-47000 yuan / ton, and the mainstream price of battery lithium carbonate market is around 48000-52000 yuan / ton. Downstream construction started successively, market inquiry increased, and the atmosphere was positive. It is expected that in the short term, the industrial grade lithium carbonate market will be strong. At present, the demand of the downstream power market is recovering slowly. It is expected that in the short term, the battery grade lithium carbonate market will be consolidated and wait-and-see operation, and more attention should be paid to the cost and downstream demand.

Industry: according to the price monitoring of the business agency, there are six commodities in the list of commodity prices rising and falling on March 18, 2020, among which there is one commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three commodities are isopropanol (5.58%), acetone (1.46%) and dichloromethane (1.33%). There are 19 kinds of commodities decreased on a month on month basis, and 1 kind of commodities decreased by more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products decreased were pure benzene (- 6.96%), formaldehyde (37%) (- 4.64%) and hydrogenated benzene (- 4.58%). The average price of this day was – 0.3%.

3、 Future forecast:

According to the lithium hydroxide analyst of business club, the demand for industrial lithium hydroxide is light, and the downstream just needs to be purchased. It is expected that in the short term, the market for industrial lithium hydroxide will be mainly stable, and more attention should be paid to the cost and downstream demand information guidance.

1、 Price trend

According to the price monitoring of the business agency, the domestic methanol market continued to decline. On March 9, the average price of the domestic methanol market was 1968 yuan / ton. As of March 18, the average price of the domestic methanol market was 1797 yuan / ton, down 8.41%. The price fell 9.33% month on month and 25.72% year on year.

2、 Market analysis

Products: the domestic methanol market as a whole maintains a weak trend, and prices in some regions continue to decline. In terms of the mainland market, the demand side is light, the supply-demand contradiction is dependent on each other, and the new price decline in the northwest is conducted, which leads to a continued decline in some parts of the mainland. In terms of port market, it is mainly characterized by narrow amplitude fluctuation in the day, but the overall amplitude is not large. It is reported that the basis is slightly stronger, and it is still necessary to pay attention to the market dynamics of crude oil in the short term.

In terms of freight, the freight of methanol market recently fell. Affected by the bad news such as the periphery, the middle and lower reaches are now more cautious in receiving goods. For the part from north line to North Shandong, the reference is 100-120 yuan / ton, including 120 yuan / ton for the part from Daqi to North Shandong, 100-110 yuan / ton for the part from mainland to North Shandong; 120-150 yuan / ton for the part from south line to North Shandong; 80-120 yuan / ton for the part from Guanzhong to North Shandong, 90 yuan / ton for the part from South Shandong, 100-110 yuan / ton for Lianyungang; 100-110 yuan / ton for the part from Shanxi to North Shandong. 160 yuan / ton from Ningxia to Lubei.

Industry chain: formaldehyde: the domestic formaldehyde market has been in a low vibration. Some formaldehyde enterprises reported lower prices, the upstream methanol market was lower, the cost aspect continued to explore, some formaldehyde enterprises purchased a small amount, the downstream market demand follow-up was limited, the actual single transaction was light.

 
Acetic acid: the domestic acetic acid market is optimistic. Affected by the failure of Jiangsu Thorpe’s device, it eased the market’s bearish mentality, and the low-end suppliers as a whole offered to increase, intending to pull up the market, driving the transaction price of East China market up slightly. However, the start-up of the market terminal industry continues to be low, the substantial digestion of acetic acid is limited, and the market is not well supported. It is expected that the acetic acid market will stabilize after the rise.

Dimethyl ether: at present, the domestic market of dimethyl ether is not good, and the price is low. After BMW and xinlianxin announced the settlement price, it is temporarily stable. At present, the reference price of Henan production area is 2520-2750 yuan / ton, of which Kaixiang chemical has planned to stop for maintenance and is expected to recover in about 4-5 days. At present, the market is not well supported, the price of civil gas market is still wide down, which has a serious impact on the DME market. It is expected that the short-term trade wait-and-see mood is still strong, and the price is weak.

3、 Future forecast

Business club point of view: on the positive side, at present, the profits of enterprises are generally poor, and there is a certain cost support under partial losses. On the negative side, the supply side: some of the early-stage shutdown / load reduction devices have been recovered, and the supply side is relatively abundant at present; on the downstream side, the overall receiving atmosphere in the downstream is not good, some downstream products are slow to resume work, and local demand side is hard to boost in a short term; on the macro side, the European and American stock markets have plummeted again, and the superimposed crude oil has dropped to about $28, so the macro negative news is released. The methanol analysts of the business association predict that the short-term methanol market will continue to weaken with a high probability, and the short-term fundamentals are difficult to improve.

1、 Price trend

According to the data monitored by the business club, as of March 17, the price of pet water bottle manufacturers was 5800.00 yuan / ton, the polyester market trend was weak, the cost support was general, and the polyester industry chain market might be vulnerable and volatile.

2、 Cause analysis

In terms of products: the market of raw material end fluctuates violently, and there is a strong wait-and-see atmosphere in polyester bottle market. With the relief of public events, the delivery speed of manufacturers has increased, which has a certain mitigation effect on the inventory. Downstream purchases on demand, with limited new orders.

Industry chain: the upstream PTA processing area has been enlarged, but recently, with the planned shutdown and overhaul of the two major plants, the PTA start-up has been greatly reduced by 9 basis points, but the pre PTA inventory status can not be immediately relieved, and the high probability of PTA is still dominated by weak shocks.

Industry: on March 16, pet commodity index was 43.61, down 0.75 points from yesterday, a new low in the cycle, down 57.97% from the highest point of 103.76 on September 22, 2011. (Note: cycle refers to 2011-09-01 to now)

3、 Future forecast

Pet analysts believe that: polyester bottle chip market is expected to be weak in the short term.

1、 Price trend

According to the bulk data list of business agency, the average price of domestic phosphoric acid on March 9 was 5366.67 yuan / ton, and on March 15 was 5300 yuan / ton, which was slightly reduced by 0.31% this week. On March 15, the phosphoric acid commodity index was 116.94, which was flat with yesterday, down 9.32% from the highest point 128.96 (2019-07-25), and up 28.29% from the lowest point 91.15 on October 13, 2016. (Note: cycle refers to 2011-09-01 to now) / P >

2、 Market analysis

Product: the price of yellow phosphorus at the raw material end is down this week, and the phosphoric acid market goes with the market. The price fluctuates slightly and tends to be stable as a whole. At present, phosphoric acid enterprises have been started one after another, and the market is gradually revived. Some areas are affected by traffic, which makes it difficult to ship and the delivery and investment are not smooth. According to the monitoring of the business association, as of March 15, the average market price of 85% industrial purified water phosphoric acid was about 5300 yuan / ton, that of Sichuan was about 4700-5300 yuan / ton, that of Guangxi was about 5400 yuan / ton, that of Hubei was about 5500 yuan / ton, and that of each region was mostly about 4700-5700 / ton. The market was stable as a whole, and that of some regions was reduced by about 50 yuan with the raw material end.

Industry chain: at present, the domestic phosphate rock enterprises in Guizhou area are resuming production one after another, the number of resuming enterprises is increasing gradually, and the on-site supply is becoming more and more stable. In terms of price, although the mining enterprises have been out of production for a long time, they have a large amount of inventory in the early stage, which is mainly digested by the market after the festival. Affected by the increase in the market price of terminal phosphate fertilizer, the market price of phosphate ore rose slightly at the beginning of this month, and the market price of this week has been running steadily. This week, the price of yellow phosphorus market fell, the number of enterprises driving increased a little, and the downstream had a strong resistance to high price goods, so the focus of market transactions gradually shifted down. At present, the main quotation of yellow phosphorus in Yunnan is about 17300 yuan / ton. The mainstream price in Sichuan is about 17800 yuan / ton. The main quotation of yellow phosphorus in Guizhou is about 17300 yuan / ton. The overall market is light, and traders mainly wait and see. The phosphate Market is not well traded and the demand is average.

Industry: according to the price monitoring of the business agency, in the 10th week of 2020 (3.9-3.13), there are 11 kinds of commodities in the list of commodity prices rising and falling, among which there are 3 kinds of commodities with an increase of more than 5%, accounting for 3.4% of the number of commodities monitored in the chemical sector; the top 3 commodities are ammonium chloride (17.14%), liquid ammonia (11.43%) and sulfur (7.18%). There are 40 kinds of commodities falling on a month on month basis, 14 kinds of commodities falling by more than 5%, accounting for 16.1% of the number of commodities monitored in this sector; the top three products falling are PX (- 11.29%), ox (- 10.71%), acetone (- 10.26%). This week’s average was – 1.5%.

3、 Future forecast

According to the phosphoric acid analyst of business and chemical branch, the market is stable as a whole. Due to the decline of raw material end and slight fluctuation of some phosphoric acid enterprises, the phosphoric acid market is expected to maintain stable operation in the short term,

In March, the price of rare earth in the domestic market was significantly polarized. The price of medium and heavy rare earth continued to rise, but the price of light rare earth fell. According to the rare earth sector index of business association, on March 12, the rare earth index was 342 points, which was the same as yesterday, 65.80% lower than the highest point in the cycle, 1000 points (2011-12-06), and 26.20% higher than the lowest point, 271 point, on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

As of March 13, the average price of Neodymium in rare earth metals in China was 377500 yuan / ton, with the price trend rising 1.34% in March, down 0.66% year on year; the average price of dysprosium was 2325000 yuan / ton, with the price trend stable, up 38.39% year on year; the average price of praseodymium was 645000 yuan / ton, with the price trend stable, down 2.27% year on year. In rare earth oxides, the average price of praseodymium neodymium oxide is 270000 yuan / ton, down 3.91% since March, down 7.69% year on year; the price of dysprosium oxide is 1885000 yuan / ton, up 2.72% since March, up 41.73% year on year; the average price of praseodymium oxide is 320000 yuan / ton, stable in March, down 19.5% year on year; the average price of neodymium oxide is 293500 yuan / ton, up 0.34% in March, down 1.34% year on year. The price of praseodymium neodymium alloy in rare earth alloy is 342500 yuan / ton, down 3.93%, down 9.27% year on year; the average price of dysprosium ferroalloy is 1.85 million yuan / ton, up 2.21% since March, up 39.1% year on year.

In recent years, the price of heavy rare earth in China continues to rise, and dysprosium terbium leads the rare earth market. Myanmar’s unilateral ban on the export of rare earths has led to a sharp decline in the import of domestic heavy rare earths. In addition, some rare earth enterprises in the South have not yet resumed their work in an all-round way, the domestic supply of heavy rare earths has been reduced, the contradiction between the supply and demand of domestic heavy rare earths is sharp, and the market price of heavy rare earths has risen sharply. Due to the gradual resumption of the downstream magnetic material enterprises, the market demand has picked up, the inquiry is relatively positive, the actual transaction situation is acceptable, the quotation of the upstream large factories has been gradually increased, and the market price of medium heavy rare earth is rising.

The quantity of light rare earth in the first batch of rare earth mining indicators in 2020 has increased compared with that in 2019, the market trend of PR nd series products has declined slightly, the on-site supply is normal, the recent demand for light rare earth is general, and the market price has slightly dropped. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. In recent years, transportation has been limited to some extent, and the price trend of some rare earth products remains stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which specified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52500 tons. The supply and demand pattern of domestic rare earth industry is expected to further improve, China’s domestic demand has improved, and the domestic market price of heavy rare earth is rising.

Rare earth analysts of the business agency expect that the recent domestic environmental protection scrutiny will not be reduced, the supply of medium and heavy rare earth market will be tight, and the supply and demand pattern will change. It is expected that the price of heavy rare earth in the rare earth market will continue to rise, and the price trend of light rare earth market will be sluggish.

1、 Price trend

According to the data of business agency, as of March 12, the average price of n-butanol was 5283.33 yuan / ton (including tax). Compared with the beginning of this month (March 1), the current reference average price dropped 183 yuan / ton, or 3.44%.

2、 Market analysis

Products: from the beginning of March to the end of the week, the weak and stable operation of domestic n-butanol market is the main trend. On the 9th and 10th, affected by the collapse of crude oil market, the market mentality was bearish and the atmosphere of on-site wait-and-see was strong. In addition, the price of raw material propylene was weak. Since the middle of the week, the mainstream price of n-butanol has been weak and the price has declined slightly. At present, the market supply is relatively sufficient, and downstream customers just need to purchase Mainly, the manufacturer takes the initiative in shipping, but the downstream demand side is not improved much, the digestion of raw material inventory is mainly, the market new single negotiation is not much, and the overall transaction is limited. At present, South China’s n-butanol market is in consolidation operation. The market offers 5400-5450 yuan / ton, with small orders and some large orders at slightly lower prices. Shandong’s n-butanol market offers 5250-5400 yuan / ton, with poor high-end transactions. Some factories issued early orders, and there was not much negotiation on new orders; CNPC northeast n-butanol offered stable prices, with 5300 yuan / ton implemented. The Jilin chemical plant has been put into operation for 60% and Daqing plant is in normal operation; Qilu Petrochemical’s n-butanol products have been offered stably and executed at 5400 yuan / ton. Normal production and moderate inventory of n-butanol unit; the ex factory quotation of n-butanol of Wanhua Chemical Co., Ltd. in North China is 5400 yuan / ton, down 100 yuan / ton compared with last week; the ex factory price of n-butanol of Luxi Chemical Co., Ltd. is 5300 yuan / ton, down 100 yuan / ton compared with the beginning of the week.

Industrial chain: on March 11, the market price of propylene in Shandong Province fluctuated slightly. In March, the price of propylene in Shandong began to decline. On the first day, the price of some enterprises picked up slightly. On the second day, the price of the whole line rose slightly. On the third day and the fourth day, the price of most enterprises generally rose. On the fifth day, the price of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the price of enterprises fluctuated up and down, but the range was small. On the tenth day, the price generally fell by 50-100 yuan / ton. Today, the price fluctuated slightly. The mainstream price About 50 yuan / ton will be reduced. At present, the market transaction is still 6500 ~ 6800 yuan / ton, and the mainstream price is 6500 yuan / ton. Influenced by the OPEC meeting in the past few days, the international crude oil has plummeted continuously. Today, influenced by the economic stimulus plan and the US manufacturers’ spending cuts, the US crude oil jumped another 8%. Moreover, due to the low production and inventory of propylene plants, the market supply is not rich, so the previous propylene market fell less. Today, it is expected that the price of propylene will remain stable for a short time, and the future market will be affected by crude oil It has a great impact.

3、 Future forecast

According to the analysis of the data division of the business association, at present, the n-butanol market is affected by the sharp drop in crude oil, the downstream demand is general, and the wait-and-see of the industry is gradually concentrated. The market is expected to be weak and stable for the time being.