I. price trend

This week, the domestic liquefied gas market is on the rise. At the beginning of the week, the average price of the domestic liquefied gas (Shandong) market was 3896.67 yuan / ton, while at the end of the week, the average price was 3960 yuan / ton, up 1.63% in the week, and the price was 4.35% lower than the same period last year.

II. Analysis of influencing factors

Product: this week, the domestic liquefied gas market overall went up, and the market trading atmosphere improved. As of 6 December. The price of LPG from Sinopec Guangzhou Chemical Co., Ltd. is 4060 yuan / ton, from Sinopec Jingmen Petrochemical Co., Ltd. is 4300 yuan / ton, from Sinopec Shanghai Petrochemical Co., Ltd. is 3910 yuan / ton, from Sinopec Qingdao Refining Chemical Co., Ltd. is 3900 yuan / ton, from Sinopec Shijiazhuang Refining Chemical Co., Ltd. is 3900 yuan / ton The factory price of Luoyang Petrochemical LPG is 4150 yuan / ton.

This week, the domestic gas market in China is dominated by stable civil use and rising raw materials in the Northeast market; the market in South China continues to rise with a fair atmosphere; the market in East China slightly pushes up with a strong mentality; the inventory in the market along the river keeps rising without pressure; and the market in Shandong is positively rising. At the beginning of the week, although CP rose in December, which was good for the market, the international crude oil fell significantly, which suppressed the price rise, but the manufacturers’ mentality of supporting the market was obvious, and the price rose steadily. In the later period, crude oil rebounded sharply. In addition, the cold weather terminal consumption accelerated, the downstream market entered the market actively, the market transaction atmosphere improved, and the price rose strongly.

Saudi Aramco’s December CP announced a slight increase in propylene butane. Propane rose to $440 / T, up $10 / T from last month; butane $455 / T, up $10 / T from last month.

Industry: according to the price monitoring of the business agency, in the 48th week of 2019 (12.2-12.6), there are 10 kinds of commodities rising month on month in the energy sector, among which there are 3 kinds of commodities rising by more than 5%, accounting for 18.8% of the number of commodities monitored in the sector; the top 3 commodities are WTI raw oil (5.91%), MTBE (5.62%) and gasoline (5.07%). There are two kinds of commodities falling on a month on month basis, the first two products falling are liquefied natural gas (- 0.58%) and fuel oil (- 0.22%). This week’s average was up or down 1.71%.

III. future forecast

According to the liquefied gas analyst of Business Club: at present, crude oil rebounds sharply, and CP rises in December, which is good for the market. In addition, affected by seasonal factors, the weather is cooling down, the downstream replenishment cycle is shortened, and the enthusiasm for entering the market is high. At present, the manufacturer’s shipment is relatively smooth, and the inventory is not under pressure. It is expected that there will still be upside next week.

I. trend analysis

As shown in the figure above, today’s domestic copper price first fell and then rose. As of the end of the week, the price was 47286.67 yuan / ton, down 0.18% from 47373.33 yuan / ton at the beginning of the week, down 1.81% from the beginning of the year, down 4.18% year on year.

II. Market analysis

Copper and copper price: at the beginning of this week, the Shanghai copper index started to strengthen after jumping short and opening high. After the price rose 47540 yuan, it fell back to close at 47370 yuan, up 0.98%. At the beginning of this week, LME copper rose first and then suppressed in March, and the price rose $5968 at one time. It was under pressure in the middle of the week, and closed at $5882, up 0.50%.

Supply side: Freeport signed with Jiangxi copper, Tongling Nonferrous and China copper a long TC price of 62 US dollars / ton in 2020, which is close to the average TC spot price this year, reflecting the market’s expectation of tightening the mine end. However, at present, the production volume of domestic smelters has not yet had a substantial impact on production. In October, the domestic electrolytic copper output was 783000 tons, still increasing by 3.12% on a month on month basis. According to the normal production schedule of the smelter, the output is expected to increase to 786600 tons in November.

In terms of demand: Although China is facing a seasonal off-season of consumption after entering December, the sales of cars and home appliances in China have improved, and the operating rate of wire and cable enterprises has increased year on year, “the off-season is not too light”.

On the macro level, the shrinking trend of global manufacturing industry has been curbed, China’s official manufacturing PMI has returned to the top of the boom and bust line, and the PMI of many European countries has also recovered, and the operation of releasing capital flows of many countries has achieved initial results.

III. future prospects

Based on the above situation, the copper analyst of the non ferrous branch of the business society thinks that the copper market is in a tight balance and the supply and demand contradiction at the copper end is obvious. Meanwhile, the three major inventories of the global copper market, including the bonded area inventory, are all at a low level, which supports the bottom of the copper price. Copper price is expected to maintain a narrow range of volatile trend.

According to statistics, the price of phthalic anhydride in China has increased slightly. As of December 5, the price of phthalic anhydride from o-benzoic acid process was 6312.5 yuan / ton, and the recent price trend of o-benzoic acid market is mainly stalemate.

In recent years, the market price of phthalic anhydride in China has increased slightly, while in East China, the market price of phthalic anhydride has increased slightly. The downstream factories maintain the rigid demand for purchase, the factory inventory pressure is still there, and the high-end transaction is blocked. In recent years, the factory inventory has increased, and the market price trend of phthalic anhydride is volatile. In East China, the main flow of negotiation of neighboring method source is 6200-6400 yuan / ton, and that of naphthalene method source is 5800-6000 yuan / ton; in North China, the main quotation of phthalic anhydride market is 6100-6200 yuan / ton, most of the manufacturers in the field are stable, the downstream construction is not high, the procurement is based on demand, the wait-and-see state is relatively strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is normal, and some enterprises are on the market The price of phthalic anhydride increased slightly after the transfer out of the plant.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 6200 yuan / ton. Due to the high unit operating rate of some domestic phthalic anhydride manufacturers, the normal supply of goods within the site, the import phthalic acid Market in the port area remains at a low level. In the near future, the phthalic acid Market in the port is stable, the port inventory is low, and the external price of phthalic acid is temporarily stable. The actual transaction price is subject to negotiation, and the details are discussed in detail Benzene price stability, phthalic anhydride market price trend limited.

The downstream DOP price increased slightly, the price of isooctanol decreased, and the cost of DOP raw materials remained stable. DOP price is fluctuating, downstream demand of DOP is normal, customer procurement enthusiasm is general, downstream PVC market is fluctuating and rising, high-end DOP transaction is blocked, mainstream transaction price of DOP market is maintained at 7300-7550 yuan / ton, downstream price trend is normal, but upstream ox price is maintained at a low level, and demand of plasticizer industry is not changed much, phthalic anhydride analyst of business society expects that market price of phthalic anhydride will be mainly fluctuating in the later period

Recently, the price of heavy rare earth in China has continued to rise, and the market price of light rare earth has rebounded accordingly. The price trend chart of some domestic rare earth products:

In recent years, the market price of heavy rare earth in China has continued to rise. As of the 4th day, the price of dysprosium oxide was 1670000 yuan / ton; the price of dysprosium ferroalloy was 1650000 yuan / ton; the price of terbium rare earth remained at a high level on the 4th day; however, the market price of light rare earth in China was slightly affected, and the price of neodymium oxide was 289500 yuan / ton; the price of praseodymium neodymium alloy was 362500 yuan / ton; the price of praseodymium neodymium oxide was 287500 yuan / ton 。 In recent years, the domestic price of heavy rare earth continued to rise, and the market price of light rare earth rebounded. Affected by the favorable national policies, the market price of heavy rare earth went up.

On December 3, the rare earth index was 337, up 1 point from yesterday, down 66.30% from the highest point in the cycle, 1000 (2011-12-06), and up 24.35% from the lowest point, 271 on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

In recent years, the market price of rare earths has risen, the price of heavy rare earths in the rare earth market has continued to rise, the supply policy of domestic heavy rare earth market, the export of heavy rare earths has improved, and the price of domestic heavy rare earths has risen. In addition, the demand for permanent magnet has increased recently, the market trend of praseodymium and neodymium series products has stopped falling and rebounded, the on-site supply is normal, the recent demand for light rare earth is general, and the market price has risen slightly. 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. Under the strict inspection of environmental protection, the manufacturer reasonably controls the sales, but the downstream demand has not changed much in the near future, and some rare earth prices are rising.

In November, Geng Shuang, spokesman of the Ministry of foreign affairs, presided over the regular press conference. Geng Shuang said that China is the world’s largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has always adhered to the principle of openness, coordination and sharing, promoted the development of domestic rare earth industry, and is willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products, To play a positive role in promoting the development of China’s economy and the world economy. China’s rare earth production accounts for 73% of the world’s total, ranking first in the world and playing an important role in the game between big countries. Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. In addition, the Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining, smelting separation and tungsten mining in 2019. The supply and demand pattern of the rare earth industry is expected to further improve, and people in the domestic market are waiting for the good news of the national reserves.

Rare earth analysts of the business agency expect that the recent domestic environmental protection scrutiny will not be reduced. In addition, the domestic export of rare earth industry will be well supported, and the supply and demand pattern is improving in a good way. It is expected that the price of heavy rare earth in the rare earth market is still expected to continue to rise, and the light rare earth affected will also have a rebound.

I. 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 November. As of November 30, 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 16.22% lower than that of the same period last year.

II. Market analysis:

Product analysis

In November, the price of benzene was slightly fluctuating and fell. On November 29, the price of benzene in Europe was 860 US dollars / ton, down 5 US dollars / ton compared with the beginning of the month; the price of benzene in China was 753 US dollars / ton, down 7 US dollars / ton compared with the beginning of the month; the price of benzene in South Korea and Southeast Asia was down 7 US dollars / ton. In November, the external price of ortho benzene fell, the price of imported ortho benzene fell, the port ortho benzene market fell, the port inventory rose but remained at a low level, and the negative pressure of the future ortho benzene market increased, and the positive momentum weakened. Sinopec’s listing price of o-xylene in East China is 6200 yuan / ton, the supply of o-xylene is stable, the purchasing enthusiasm of the downstream of o-xylene is general, the purchasing enthusiasm of o-xylene is poor, the favorable momentum of the future o-xylene market is insufficient, and the downward pressure is large.

Factor analysis of industrial chain

In November, the price of mixed xylene rose first and then fell. In November, the overall price rose 3.81%. The price of raw material mixed xylene rose in November, and the cost of o-benzene rose. Since late November, the price of mixed xylene fell, and the market of mixed xylene was generally negative for the o-benzene market in the future. At the same time, because mixed xylene was in the rising range in November, the pressure of o-benzene falling was relatively small, and the market of mixed xylene was negative

In November, the price of phthalic anhydride fell in shock, which was negative for ortho benzene market. In terms of plasticizers, DOP market fell in November, while the downward pressure in the future increased and the upward momentum was weak. In November, the market of phthalic anhydride, plasticizer and other downstream products fell, while the market of phthalic anhydride and plasticizer was negative. In the last ten days, the market of phthalic anhydride and plasticizer recovered. The market of phthalic acid had a certain upward momentum, but the upward momentum was limited. The overall industrial chain was weaker, and the negative increased. The downward pressure of the future market of phthalic acid increased and the upward momentum weakened.

3. Future forecast:

According to Bai Jiaxin, data analyst of o-xylene of business association, in November, the price of o-xylene raw materials mixed with xylene rose in shock, and the cost of o-benzene rose, which gave a certain impetus to the market of o-benzene; in terms of demand, in November, the market of phthalic anhydride fell in shock, the market of o-benzene was negative, the market of plasticizer fell in shock, and the downstream demand of o-benzene declined in general, while the market of o-benzene was negative; in terms of external market, the market of o-benzene in November External quotation slightly fell, port inventory rose, on the domestic market for neighboring benzene negative. To sum up, in November, the market of o-xylene was more bearish and less favorable, while the market of o-xylene was under more downward pressure. At the same time, the downstream market recovered in late November, the production cost of ortho benzene increased, and the decline space of ortho benzene was limited. It is expected that the future market of ortho benzene will be weak and stable.

The future market should focus on: the price trend of downstream phthalic anhydride and plasticizer. Attention can be paid to: o-benzene cost and o-benzene outer disk.

I. price trend

According to the data monitoring of business agency, the market of plasticizer DOP weakened in November, and the price of DOP fell. As of November 30, the price of DOP in East China was 7366.67 yuan / ton, down 83.33 yuan / ton or 1.12% compared with 7450.00 yuan / ton at the beginning of the month (November 1), down 18.82% compared with the same period last year.

II. Market analysis

Product analysis

DOP prices fell in November, down 1.12%. Overall DOP prices fell in January, with a single decline significantly contracted compared with October. Although the DOP market rebounded briefly in November, it is still in a weak position on the whole. The demand for DOP is limited, but the supply is sufficient, and the overall DOP supply exceeds the demand.

Commodity name ﹣ port ﹣ 11.29 price ﹣ 11.22 price ﹣ 11.15 price ﹣ 11.8 price ﹣ 11.1 price ﹣ price type ﹣ unit

DOP China 930.00 920.00 920.00 920.00 920.00 920.00 CFR USD / ton

DOP Southeast Asia 1150.00 1150.00 1140.00 1140.00 1130.00 CFR USD / ton

© November 2019 business club www.100ppi.com

As can be seen from the table, DOP prices rose in November, which was positive. In November, the price of DOP in China was 920-930 US dollars / ton, with a price increase of 10 US dollars / ton; in Southeast Asia, the price of DOP in November was 1130-1150 US dollars / ton, with a price increase of 20 US dollars / ton, with a price increase of plasticizer DOP, with a favorable domestic plasticizer Market.

Analysis of industrial chain

It can be seen from the figure that in terms of raw materials, the price of DOP raw material phthalic anhydride fell sharply in November, and the price of octanol fell slightly, phthalic anhydride fell by 2.51% and octanol by 1.18%; the overall cost of DOP fell, and DOP market was negative. In the last ten days of November, the price of phthalic anhydride from neighboring process fluctuated and remained stable, the price of phthalic anhydride from naphthalene process fell, and the price of phthalic anhydride, the raw material of DOP, fluctuated and fell as a whole, which was bad for DOP market. The rising power of DOP Market in the future weakened and the falling pressure increased, and it is expected that DOP market in the future will fall.

In terms of downstream demand, PVC market rose in November, up 5.86%, and DOP downstream market recovered, which was good for DOP market. However, due to the centralized maintenance of PVC, PVC production was in the off-season, the demand for DOP decreased, and the momentum for DOP to rise was limited.

III. future forecast

Bai Jiaxin, data analyst of DOP business agency, believes that in November, the price of plasticizer DOP raw material isooctanol fell in shock, and the price of phthalic anhydride fell in shock. The decline of raw material market is bad for DOP market. Since the end of November, the price of isooctanol has been stable, that of phthalic anhydride by ortho process has been stable, that of phthalic anhydride by naphthalene process has been declining, and the overall cost of DOP has declined slightly, while the market of DOP has been negative but the negative pressure is small. Downstream, PVC prices rose sharply in November, but November is the traditional off-season of PVC. Equipment maintenance of PVC manufacturers increased, and the demand for DOP decreased. There is a certain negative for DOP market. There is downward pressure, but the negative is limited. Generally speaking, plasticizer DOP market is under great downward pressure, with limited demand for DOP. It is expected that DOP market will be weak and stable in the future.

I. price data

According to the data in the bulk list of business association, in November, the mainstream average price of petroleum coke products of major domestic refineries was 1155.75 yuan / ton at the beginning of the month and 980.00 yuan / ton at the end of the month, down 175.75 yuan / ton in the month, up and down 15.21% in the month. In November, the ground refined petroleum coke extended the downward trend in October.

On November 29, the petroleum coke commodity index was 76.22, unchanged from yesterday, down 51.01% from 155.59 (2018-01-25), the highest point in the cycle, and up 13.95% from 66.89, the lowest point on March 28, 2016. (Note: cycle refers to 2012-09-30 to now)

II. Analysis of influencing factors

Products: in November, the downward trend of refining oil coke continued, the impact of environmental protection and heating season, the lower purchasing sentiment was not high, the refinery continued to give profits to stimulate shipment, and the overall trading was average. The price of ground refined petroleum coke fell by 50-150 yuan / ton this month.

Industry chain: upstream: according to the monitoring of the business agency, WTI crude oil in the United States at the beginning of the month is 54.18 US dollars / barrel, at the end of the month is 55.17 US dollars / barrel, with a monthly increase or decrease of 1.83%; Brent crude oil at the beginning of the month is 60.23 US dollars / barrel, at the end of the month is 62.43 US dollars / barrel, with a monthly increase or decrease of 3.65%. In November, the international crude oil fluctuated upward. At the beginning of the month, the market was optimistic about the Sino US trade and it was reported that OPEC would consider extending the current production reduction agreement at the December meeting to provide some support. However, the demand for crude oil in the United States did not improve in the month, which hindered the rise of crude oil. Downstream: due to the impact of environmental protection policies, some coking enterprises in Shandong and Hebei were shut down. The market demand for calcined coke and electrolytic aluminum is general, the enthusiasm of carbon enterprises for raw material procurement is not high, and the downstream demand is general. In November, the price of domestic standard aluminum ingots was stable. According to the data of business agency, the average price of domestic aluminum ingot Market as of November 29 is 14010 yuan / ton.

Industry: according to the price monitoring of the business agency, in November 2019, there were 7 commodities in the list of commodity prices rising and falling, including 1 commodity with an increase of more than 5%, accounting for 6.3% of the monitored commodities in the energy sector; the top 3 commodities were MTBE (5.70%), Brent crude oil (3.65%) and gasoline (2.43%). There are 8 kinds of commodities falling on a month on month basis, 2 kinds of commodities falling by more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top 3 products falling are petroleum coke (- 15.21%), dimethyl ether (- 7.43%), coking coal (- 3.74%). This month’s average rise and fall was – 0.99%.

III. future forecast

The oil coke analyst of the business association predicted that the underground refining oil coke market will continue to decline in November, and there is no obvious positive downstream, and the impact of environmental protection, heating season and other factors. The downstream demand is limited. It is expected that the underground refining oil coke will continue to decline in December, with the price range of 800-1000 yuan / ton or so.

I. price trend

Titanium dioxide prices fell this month, according to commodity data monitoring. At the beginning of the month, the average price of titanium dioxide in China was 15833.33 yuan / ton, and at the end of the month, the average price was 15300 yuan / ton.

On November 28, the titanium dioxide commodity index was 72.64, up 0.16 points from yesterday, down 27.36% from the cycle’s highest point of 100.00 (2011-09-04), and up 40.56% from the lowest point of 51.68 on December 29, 2015. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Products: in November, titanium dioxide market gradually entered the off-season, the shipping pressure increased, and the northern region gradually turned cold, the demand gradually contracted. On the whole, the demand market in November entered into a weak season. As of the 28th of this month, the factory price of domestic rutile titanium dioxide is 14500-15500 yuan / ton, and that of anatase titanium dioxide is 12500-14000 yuan / ton. Downstream demand is light, titanium dioxide market as a whole is in a weak downward state. Sales enter into the traditional off-season; the pressure on the sales of the goods holders is great, sometimes they have to sacrifice their prices for cash and sales performance. , but the market demand is weak, which is difficult to boost the market price. According to the data of total export volume published, international export orders declined narrowly, with a decline on a month on month basis, and there was no significant growth point on the demand side. At the end of the month, haifengxin sent a letter to raise the price by 200 yuan / ton, mainly due to the high cost of raw materials and the recent rise of titanium ore price. The prices of raw materials titanium ore and natural gas are going up, and titanium dioxide enterprises are under great cost pressure. The enterprises may limit production or enter into maintenance ahead of time. Different enterprises have different situations, and the actual transaction is a single negotiation.

According to the statistics provided by the General Administration of customs, in October 2019, the import volume of titanium dioxide in China was 18240.04 tons, an increase of 63% month on month, a year-on-year increase of 10.77%, and the average import price in that month was 2902.04 USD / ton. From January to October 2019, the cumulative import volume of titanium dioxide was 135088.04 tons, and the cumulative average import price was 3011.27 USD / ton, a year-on-year decrease of 18.86%.

In October 2019, the export volume of titanium dioxide in China was 79400.99 tons, down 5.26% month on month, up 26.08% year on year, and the average export price of the month was 2117.06 USD / ton. From January to October 2019, the cumulative export volume of titanium dioxide was 820784.14 tons, and the cumulative average export price was USD 2222.35/ton, an increase of 5.82% year on year.

Industrial chain: the price of titanium concentrate in Panxi area is up this month. Raw materials and downstream are relatively supportive of the price market, high cost of raw ore, shortage of spot goods, routine maintenance plan of some manufacturers and other reasons. Quotation is suspended and market supply is reduced. As of the end of this month, the price of 38 titanium ore excluding tax is 820-840 yuan / ton, and that of 46 and 10 titanium ore excluding tax is 1250-1320 yuan / ton. The price of 47 and 20 mines is 1300-1350 yuan / ton. In November, the titanium dioxide market as a whole was in a weak downward state, the supply of titanium ore was tight, and the price of titanium ore would maintain stable operation.

According to the statistics provided by the General Administration of customs, in October 2019, the import volume of titanium concentrate in China was 270414.12 tons, with a month on month increase of 116.68%, a year-on-year decrease of 13.53%, and the average import price in that month was 190.3 USD / ton. From January to October 2019, the cumulative import volume of titanium concentrate is 2072265.07 tons, and the cumulative average import price is 170.84 USD / ton, a year-on-year decrease of 23.45%.

In October 2019, the export volume of China’s titanium concentrate was 2535.48 tons, an increase of 26.14% on a month on month basis, an increase of 275.07% on a year-on-year basis, and the average export price of that month was 987.54 USD / ton. From January to October 2019, the cumulative export volume of titanium concentrate is 20977.65 tons, and the cumulative average export price is 1109.92 USD / ton, up 19.42% year on year.

III. future forecast

In November, the domestic titanium dioxide price market declined. Titanium dioxide analyst of the chemical branch of business society thinks: the industry market has entered the off-season, and the downstream demand is general. The price of raw material titanium ore is firm, the cost pressure of titanium dioxide enterprises is large, some manufacturers tentatively call back the price, and the market price range is narrowed. In the short term, the price of titanium dioxide is stable, and the actual operation is based on a single task.

In November, the domestic acetone market was crazy. In only one month, the acetone market (East China market as an example) rose by 2000 yuan / ton. According to the monitoring data of the business agency, the market in East China increased by 50%. Now, the negotiation in East China market has reached 6350 yuan / ton. The picture above shows the trend of factory listing in East China

The contradiction between supply and demand is prominent, the port inventory is low, and good demand is the main reason for the crazy upward trend of acetone. The specific analysis is as follows:

First of all, the arrival of goods at the port has decreased. In November, the ship load was 50000 tons, but in fact, due to the weather and other factors, it didn’t arrive at the port on time. The arrival cargo was relatively scattered, and many sources of cargo had been prepared for the downstream. By the end of last week, the port inventory was less than 10000 tons.

Secondly, under the influence of related products phenol, the enterprise did not start at full load. In recent years, phenol market trend is very poor, reaching the lowest point in the year. Under the impact of the Middle East goods source, port inventory is high, and the pressure on traders and manufacturers to ship is large. Despite the frequent decline of the market, the market is still in a cold trading situation. Although there are bottom reading comments in the industry, most people still operate cautiously, after all, the market is extremely cold. Although phenol ketone factory can limit production and offer price, the crazy acetone market is hard to give up. Nearly 90% of the total construction started.

Finally, the demand for new downstream devices increases. In the downstream MMA industry, Chongqing Yixiang 90000 T / a plant was put into operation in October, and the demand for acetone by manufacturers is around 5000 t / month, which forms a greater support for the demand for acetone. Another is isopropanol industry. The 50000 ton / year unit of Qingdao helica is put into operation. According to the unit consumption of isopropanol and acetone, the demand for acetone is also relatively objective. The downstream of acetone is supported by new units, which forms a strong pull for the increase of demand for acetone.

Future market forecast: the rapid upward movement of acetone will increase the downstream cost pressure. At present, the downstream is basically in a state of loss: take isopropanol as an example, the unit consumption ratio of isopropanol by acetone method is 1:1. According to the isopropanol cost calculation, the profit of isopropanol is close to a negative value. Now, the acetone market is far from the edge, many isopropanol factories have suspended the offer, and the enterprise’s delivery pressure is relatively high It is expected to reduce the negative production in the later stage. The downstream product BPA industry is affected by the supply and demand side, and the situation of oversupply continues to plague the market. The intention of the end epoxy resin replenishment is not high, which can not play a supporting role for BPA, and it is difficult to get rid of the weak situation in the short term. MMA is constrained by the demand side, and the market focus continues to decline. MIBK industry is driven by raw materials, but the theoretical profit loss of the enterprise is relatively serious, so it is difficult to improve significantly in the short term. On the whole, the crazy upward acetone market has brought fatal impact on a large area of downstream industries, and the cost pressure is too large. In the later stage, some downstream enterprises can only reduce the negative production. Therefore, although the risk of upward acetone does not stop at present, they need to operate cautiously in the later stage, and they need to be cautious when entering the market to stock up. In the near future, it is still necessary to pay attention to the port throughput and market enterprise installations. It is expected to maintain high-level operation this week, and the current negotiation range in East China is 6350-6400 yuan / ton.

On November 26, the phthalic anhydride commodity index was 61.31, unchanged from yesterday, 48.96% lower than 120.13 (2012-02-28), the highest point in the cycle, and 26.62% higher than 48.42, the lowest point on January 21, 2016. (Note: cycle refers to 2011-09-01 to now).

In recent years, the price trend of domestic phthalic anhydride market is volatile, and the price trend of phthalic anhydride market in East China is stable. The downstream factories maintain rigid purchase, the factory inventory pressure increases, and the high-end transaction is blocked. In recent years, the factory inventory has increased, and the price trend of phthalic anhydride market continues to be at a low level. In East China, the main flow of negotiation for neighboring process and naphthalene process is 6200-6600 yuan / ton and 5800-5900 yuan / ton respectively; in North China, the main quotation for phthalic anhydride market is 6100-6200 yuan / ton, most of the manufacturers in the field maintain low prices, the downstream construction is not high, the procurement is based on demand, the wait-and-see state is relatively strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is sufficient, and the downstream demand is not high See improvement, phthalic anhydride prices remain volatile.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 6200 yuan / ton. The price of imported phthalic anhydride in the port area is declining, and the quotation is temporarily stable. In the near future, the price of phthalic anhydride is temporarily stable, the port inventory is still at a low level, and the quotation of phthalic acid in the external market is volatile and stable. The actual transaction price is subject to negotiation, with detailed discussion. Affected by the low price of upstream raw material phthalic acid, the price trend of phthalic anhydride market is temporarily stable 。 The downstream DOP raw material phthalic anhydride price trend is temporarily stable, the price of isooctanol is fluctuating and falling, the cost of DOP raw material is falling, the DOP price is fluctuating and stable, the downstream DOP is fluctuating and recovering, the purchasing enthusiasm of customers is stable, and the downstream PVC market is fluctuating and rising. The main quotation in DOP market is about 7300-7650 yuan / ton. The downstream price trend is temporarily stable. In addition, the upstream ox price is stable. Affected by the low price of downstream products, the market price of phthalic anhydride is expected to remain volatile in the later period.