First, the price trend

According to the data of the business community’s big list, this week, the domestic market for adipic acid continued to fall and fall. The dealers’ quotations gradually lowered their prices. This week’s decline was 0.16%. At the beginning of the week, the average foreign exchange price of adipic acid was 10,600 yuan/ton. Left and right, the weekend fell to 10,500 yuan / ton.

Second, analysis and review

This week, the domestic adipic acid market continued its downward trend last week, and continued to fall mainly. The listing price of the manufacturers remained stable, but the inventory pressure gradually appeared, and the dealers’ quotations continued to loose, ranging from 100-200 yuan/ Up and down, the market price generally fell, the North China, East China, South China dealers offer down 200-300 yuan / ton, dealer inventory still showed some pressure, shipments also maintained a low level, the firm still There is a certain amount of room for discussion. In terms of supply and demand, the supply is relatively stable, the inventory of the manufacturers remains at the median level, and the dealers have sufficient supply. In terms of demand, downstream demand has not changed much, and demand growth has been relatively weak. The operating rate of PA66 manufacturers has remained low, and the operating rate is basically 5-6%. The upstream adipic acid has not formed a strong boost, and the market is still destocking. Cycle, some dealers have less supply, but also avoid market risks, because dealers’ profits are obviously compressed, and only low-cost shipments can alleviate certain pressures. As of now, the reference price of Shandong supply market is 10400-10600 yuan/ton. The general price in South China is 10,500-10,700 yuan / ton.

Third, the market outlook

The analysis of adipic acid analysts in the chemical industry branch of the business community believes that there is currently no strong factor. The upstream pure benzene is exhausted, and the supply and demand are not well supported. The market price still has room to continue to be explored. The dealer shipments have not improved, maintaining the previous level. The market is still in the inventory cycle, the manufacturers supply is sufficient, but the contradiction between supply and demand has not improved much, so there is still room for exploration in the later adipic acid market.

First, the price trend

This week, the domestic DME market rose broadly. At the beginning of the week, the average domestic market price of DME was 4,793.75 yuan/ton, and the average weekend price was 4967.5 yuan/ton. The weekly increase was 3.62%, and the price increased by 29.17% compared with the same period of last year.

Second, the market analysis

Products: This week, the market for dimethyl ether is wide and the overall market atmosphere is good. Hebei Yutai dimethyl ether plant was shut down for maintenance on September 13 and has not been opened yet. Henan Lankao Huitong drove to resume the offer on June 16. As of September 14, Henan Lancao Huitong dimethyl ether ex-factory price was 4,600 yuan / ton, Henan Yima Xinyuan dimethyl ether ex-factory price was 4,670 yuan / ton, Hebei Hunchun Chemical Co., Ltd. dimethyl ether ex-factory price was 4,870 yuan / ton The ex-factory price of DME of Shengdeyuan Company of Shandong Dezhou is 4,800 yuan/ton, and the ex-factory price of dimethyl ether of Shanxi Orchid Technology Technology Co., Ltd. is 4,600 yuan/ton.

Industry chain: This week, the domestic methanol market remained at a high level, and the supply side was tight and supported. The main producing areas in the northwest region continued to rise. Although the domestic methanol market has been actively rising, the downstream regions have gradually resisted the high prices. The receipt of goods is still cautious, just need to purchase, the market transactions are general, domestic methanol continues to push up or blocked. This week, the domestic LPG market has risen steadily and the market atmosphere is good. At the beginning of the week, the international crude oil price rose, which was positive for the market and the overall shipment was smooth. In the later period, the international crude oil retreated in a wide range, and the bearish industry mentality, but under the support of low stocks, there was still a slight increase. This week, the dimethyl ether market continued to rise and the market was trading smoothly. At the beginning of the week, the raw material methanol market was wide, driving the downstream mentality, actively entering the market, and the market demand was again improving. In addition to the traditional sales season, the manufacturers’ mentality is firm, the stocks are pressureless, and the quotations are rising.

Industry: According to the price monitoring of the business community, in the 37th week of 2018 (9.10-9.14), there were 13 kinds of commodities in the energy sector that rose in the energy sector. Among them, one of the products with a price increase of more than 5%, accounting for the sector. The number of commodities monitored was 6.3%; the top 3 commodities were LNG (6.67%), fuel oil (3.73%) and dimethyl ether (3.62%). There were 2 kinds of commodities with a decrease in the chain ratio, and the top 2 products were coke (-2.19%) and petroleum coke (-2.07%). This week’s average price increase was 1.44%.

Third, the market outlook

The dimethyl ether analyst of the business community believes that the raw material methanol market is expected to be rationally narrowed downward next week, and the liquefied gas market is expected to stabilize. On the demand side, market demand is improving this week and is expected to decline next week. At present, in the traditional sales season, the manufacturers’ mentality is firm, and the downstream has a bullish mentality for the market. It is expected that there will still be room for growth in the market.

According to the monitoring data of the business community, the price of hydrofluoric acid in China has increased slightly this week. The current price is 10893.33 yuan/ton, which is 0.02% higher than the price of 10891.67 yuan/ton at the beginning of the week and up 39.33% year-on-year.

Products: According to statistics, the price trend of hydrofluoric acid market has risen slightly, and the domestic hydrofluoric acid operating rate is around 60%. The company reflects that the current supply of hydrofluoric acid in the market is normal, and the recent market is generally in the market. The ex-factory price has risen slightly. As of now, the mainstream of hydrofluoric acid in the southern region is about 10,500-11,000 yuan/ton, and the price of hydrofluoric acid in the northern market is 11,000-11,500 yuan/ton. The domestic market price of hydrofluoric acid is slightly higher, and the supply of spot goods is normal. However, due to the recent high level of raw material market, coupled with the recent renewal of refrigerants in developed countries, China’s new refrigerant exports are improving, which is good for the domestic market. The price of hydrofluoric acid products has It has risen, but the increase has not been large.

Industry chain: The price of fluorite in the upstream of hydrofluoric acid is stable this week. The fluorite ex-factory price is 2,680 yuan/ton by the end of the week. The fluorite installation in the field is stable, the supply of fluorite in the field is normal, and the price of fluorite remains high. The price of fluorite in Inner Mongolia is 2600-2700 yuan/ton, the mainstream of fluorite in Fujian is 2600-2700 yuan/ton, the price of fluorite in Jiangxi is 2600-2700 yuan/ton, and the price of fluorite in Henan is 2600-2700. Yuan/ton, the domestic fluorite price remained high, and the high raw material price is undoubtedly a big advantage for the market price of hydrofluoric acid. The market price of hydrofluoric acid rose slightly. The price of some refrigerants in downstream refrigerants has increased, which has a certain positive impact on upstream fluorite and hydrofluoric acid. Recently, the downstream refrigerant market in the terminal has not fluctuated as a whole, and the R32 refrigerant unit starts at 80% due to downstream refrigerant products. Exports have increased, which has brought about a big positive for domestic new refrigerants, and the market price of hydrofluoric acid has risen slightly.

Industry: Recently, the supply of raw materials for fluorite and hydrofluoric acid in the upstream market is normal, the trading situation in the downstream refrigeration industry is normal, and the market for fluorine chemical industry is fluctuating.

Due to the recent stable operation of the hydrofluoric acid plant, the spot supply of hydrofluoric acid is normal, the price of upstream fluorite remains at a high level, and the export market of the downstream refrigerant industry is improving. The business hydrofluoric acid analyst Chen Ling believes that the hydrofluoric acid market may be high. Shock, the price of hydrofluoric acid will be around 11,000 yuan / ton.

First, the price trend

The domestic BDO market is weak and difficult to change. According to the sample data monitored by the business community, as of September 6, the domestic BDO market average price was 11,400 yuan / ton, and the price rose by 3.23%.

Second, the market analysis

Product: The domestic BDO market is difficult to change. The supply is relatively stable, while the downstream demand continues to be poor. The middlemen have insufficient confidence in the market outlook and negotiated shipments. The market is on the sidelines, and some manufacturers have narrowed their offer. In terms of price, the mainstream offer in East China and North China is 11,000-11300 yuan/ton, the actual unit price is 10700-11000 yuan/ton, and the barrel price is 11800-12000 yuan/ton. South China offers 11,000-11300 yuan / ton, the actual unit price is 10700-11100 yuan / ton, the barrel price is 11800-12100 yuan / ton.

In terms of the market, the BDO market in North China is difficult to change. The factory price is low, coupled with the impact of environmental protection, just need to be weak, the industry is not confident about the market outlook to negotiate shipments, but the downstream follow-up lack. The BDO market in East China is weakly organized. Due to the large inventory of the factory and the lack of follow-up in the downstream, the industry’s mentality is loose, and more favorable traders are talking about the goods, and the market is weak. The BDO market in South China is weak. Due to the continued poor demand, the middlemen negotiated to ship more, and the prices were negotiated at a low price

Industry chain: In the upstream area, the calcium carbide market in Henan Province is mainly stable. The price of the local first-class calcium carbide is 3390-3520 yuan/ton. The individual enterprises are insufficiently stocked and the wait-and-see atmosphere is strong. The overall analysis is expected to stabilize the calcium carbide market.

Third, the market outlook

On the positive side, upstream calcium carbide has an upside expectation; downstream PBT orders are good. For the bearish side, it is just the need for trading; the downstream is under-employed and the production and sales are sluggish. Business BDO analysts predict that the current situation, the market is difficult to save good news, the BDO market is still weak in the short term.

First, the price trend

In August, the domestic DME market rose first and then declined, and the overall increase. At the beginning of the month, the average domestic market price of DME was 4357.5 yuan/ton, and the average price at the end of the month was 4647.5 yuan/ton. The monthly increase was 6.66%, and the price increased by 28.86% compared with the same period of last year.

Second, the market analysis

Product: The market for DME in August rose. The operating rate this month is still not high. Hebei Yutai and other manufacturers currently do not offer parking, Henan Lankao Huitong on June 16 driving quote. As of August 31, Henan Lancao Huitong dimethyl ether ex-factory price was 4270 yuan / ton, Henan Yima Xinyuan dimethyl ether ex-factory price was 4180 yuan / ton, Hebei Hunchun Chemical Co., Ltd. dimethyl ether ex-factory price was 4490 yuan / ton The ex-factory price of DME of Shengdeyuan Company of Shandong Dezhou is 4,400 yuan/ton, and the ex-factory price of dimethyl ether of Shanxi Orchid Technology Technology Co., Ltd. is 4,080 yuan/ton.

In the industrial chain: the methanol market in August fluctuated upward. According to the price monitoring of the business community, the price of methanol at the beginning of the month was 2,797 yuan/ton, and the price of methanol at the end of the month was 3,023 yuan/ton. The monthly increase was 8.09%, and the price increased by 15.76% compared with the same period of last year. In August, the domestic LPG market price trend was firm. At the beginning of the month, the average price of domestic LPG market was 4,415.62 yuan / ton, the average price at the end of the month was 4,618.88 yuan / ton, the monthly increase was 7.84%, and the price was 30.78% higher than the same period of last year. In August, the raw material methanol market continued to consolidate at a high level. Although the price difference between gas and ether was slightly narrower than that of the previous period, it remained at the level of 800-900 yuan/ton. Under the favorable support of methanol and liquefied gas market, the beginning of the month The ether market has risen all the way, but as prices continue to rise, the downstream is in conflict with high prices, and the downstream inventory is becoming saturated. Under the pressure of inventory and sales, manufacturers have withdrawn from the market and watched the atmosphere, resulting in lower prices. In the later period, due to the parking of individual manufacturers, the market supply decreased, and the downstream market entered the market cautiously under the controllable inventory, and the market price stabilized.

Industry: In August 2018, there were 15 kinds of commodities in the energy sector, which rose by more than 5%, among which 11 products were increased by more than 5%, accounting for 68.8% of the monitored products in the sector; They were coke (26.52%), fuel oil (13.54%) and petroleum coke (12.63%). There was one product with a decrease in the chain ratio, and the product that fell was LNG (-11.93%). This month’s average price increase and decrease was 6.83%.

Third, the market outlook

The dimethyl ether analyst of the business community believes that the current high level of raw material methanol has a certain support for the dimethyl ether market. In addition, the weather is gradually getting colder and the market demand has increased. It is expected that there will be little room for dimethyl ether to fall.

On August 26th, the PX Commodity Index was 66.40, which was the same as yesterday. It was down by 35.16% from the highest point of 102.40 points (2013-02-28) in the cycle, which was 45.77% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the domestic market price of paraxylene rose slightly. The equipment was repaired by Pengzhou Petrochemical. The Urumqi petrochemical plant started 50%. The Tenglong aromatic hydrocarbon plant has been in the parking. The other devices are temporarily stable and the domestic p-xylene market is normal. The operating rate of PX devices in Asia is less than 70%. On August 24, the closing price of the paraxylene market in Asia increased by US$6/ton, and the closing price was US$1227-1229/ton FOB Korea and US$1246-1248/ton CFR China, USA WTI crude oil futures market price rose in October, reported 68.72 US dollars / barrel, or 0.89 US dollars, Brent crude oil futures prices rose to 75.82 US dollars / barrel, or 1.09 US dollars, the upstream raw material prices rose slightly, coupled with the recent textile The industry’s market remained high and the PX market price rose slightly. The downstream PTA market was affected by the delay in resumption of production, and the PTA supply was slightly tight or continued. As of the 24th, the domestic PTA operating rate was around 81.6%, the PTA price continued to rise, and the average price in East China was 8800-8850 yuan. /Ton the vicinity of the self-raising, coupled with the downstream production and sales maintained relatively high level of smooth operation, PTA is still in a balanced small de-stocking state, it is expected that the PX market price will rise slightly in the later period.

First, the price trend:

According to data from the business community, the price of ortho-benzene increased sharply this week. At the end of this week, the price of o-xylene was 7,837.50 yuan/ton, which was an increase of 500 yuan/ton from the price of o-xylene (OX) of 7562.50 yuan/ton on August 10, or 3.64%, up 31.72% year-on-year.

Second, the market analysis:

Product:

This week, the inventory of phthalene in the East China Port remained at a low level. As of August 17, the inventory of Huadong Port was about 30,000 tons. The price of phthalate external disk continued to be high. On August 17, the market for the o-xylene market in Europe was quoted at US$970.00/ton FOB Amsterdam, Rotterdam and Antwerp, which was stable compared with the last week. The price of phthalate external disk was high, the cost of imported benzene increased, the price of imported benzene increased, and the price of benzene in port area increased significantly. The rising price of benzene in the port has prompted the domestic price of o-xylene to rise, and the growth of benzene is full.

Industry chain:

Mixed xylene prices fell this week, and the cost of o-xylene decreased. On August 17th, the price of mixed xylene was 6,658.18 yuan/ton, which was 6670.91 yuan/ton compared with last weekend (August 10). The price fell by 12.73 yuan/ton, a decrease of 0.19%. The price of mixed xylenes fell, the cost of o-xylene decreased, the momentum of the growth of o-benzene market weakened, and the decline of o-benzene stocks was possible.

Third, the market outlook:

Baijiaxin, an analyst of o-xylene data in the business community, believes that the price of phthalate external disk is at a high level, the price of phthalate in the port remains high, and the stock of benzene in the port is low, which plays a positive role in maintaining the domestic benzene high market. The price of mixed xylene in domestic benzene raw materials has decreased, and the cost of ortho-benzene has decreased, which is negative for the rise in the price of ortho-benzene. The port’s benzene stocks are at a low level, and the market’s soaring voice is highlighted. Moreover, the Sino-US trade war has intensified. China has imposed a 25% tariff on its neighboring benzene imported from the United States, further increasing the cost of importing ortho-benzene. The price of phthalonitrile external disk is unlikely to decline in the short term, and the strong neighboring benzene factor is strong. The growth of o-benzene is full, but due to the rapid growth of phthalate in the early stage and the decline in the price of raw materials, it is expected that the rise of phthalene in the market may be lower, and the market for benzene in the market will remain stable.

First, the price trend

According to business community data monitoring, this week, the price of cobalt fluctuated and fell by 2.16%. As of August 12, the average price of cobalt was 483333.34 yuan / ton, compared with the average price of cobalt at 494000.00 yuan / ton last weekend, the price of cobalt fell 10666.66 yuan / ton, down 2.16%, up 17.22% over the same period last year.

Second, the market analysis

Product aspect

This week, the average price of domestic metal cobalt market fell. The price of cobalt sheet (content ≥99.8%) of Wuxi Stainless Steel Trading Center fell. As of August 10, the price of cobalt was 475000-512000 yuan/ton, which was 483,000-516,000 yuan/ton from last weekend, and the price dropped by 6,000 yuan/ton. The spot cobalt price in the London LEM market fell first and then rose from last week’s 63,500-64,000 US dollars / ton to 54500-55,000 US dollars / ton, and then rose to 61,500-62,000 US dollars / ton. Overall, the cobalt market fluctuated and fell this week. The international cobalt price has rebounded, but it still cannot change the downward trend. The short-term rise does not indicate that the cobalt market is picking up, nor can it prove that the cobalt price has rebounded.

Data statistics

According to the statistics of the China Association of Automobile Manufacturers, the data shows that in July, the production and sales of new energy vehicles were completed 90,000 and 84,000 respectively, an increase of 53.6% and 47.7% over the same period of the previous year. From January to July, the production and sales of new energy vehicles were 504,000 and 496,000, respectively, an increase of 85% and 97.1% over the same period of the previous year. The output of new energy vehicles in July increased compared with that in June, but the sales volume was basically maintained. The performance of new energy vehicles is still strong, but the growth rate has slowed down compared with the previous period. The slowdown in the growth rate of new energy vehicles has caused the market to lower the demand for cobalt. The cobalt market will bear a lot of pressure to sell cobalt, which will affect the rise of cobalt prices.

Third, the outlook outlook

This week, the cobalt market fluctuated and fell. Baijiaxin, a data analyst at the business community, believes that the new energy vehicles performed well in July, which guaranteed the basic demand of the cobalt market, but the growth rate of new energy vehicles began to slow down, limiting the strength and speed of the rebound of cobalt prices. The political risks of the Democratic Republic of Congo will affect the supply of cobalt in the future, and this impact will occur in the next two months. It is predicted that the price of cobalt will be adjusted in the future, and the price of cobalt will still fall in the short term. However, in the future, we should pay attention to the political dynamics of Congo, and there may be a short-term rise in cobalt prices before and after the election.

First, the price trend

According to business data monitoring, this week, the zinc price fluctuated and the overall zinc price remained balanced. As of August 3, the zinc price was 2,1835.00 yuan / ton, compared with the last weekend (July 27) zinc price of 21,812.50 yuan / ton, the price rose 0.10%, compared with the beginning of this week (July 30) zinc price 21,892.50 yuan / ton The price fell by 0.26%, down 8.40% year-on-year.

Second, the market trend analysis

Product aspects:

On August 3, the London LME market zinc futures closing price was 2,631 US dollars / ton, compared with the beginning of the week (July 30) zinc closing price of 2,557 US dollars / ton, the price rose 74 US dollars / ton, August 3, London LME market spot price 2650.00-2651.00 US dollars / ton, compared with the beginning of the week 2589.50-2590.00 US dollars / ton price rose 61 US dollars / ton. On August 3, Shanghai futures market futures zinc closing price was 21,735 yuan / ton, compared with the opening price of 21,450 yuan / ton at the beginning of the week, the price rose 285 yuan / ton. The futures zinc price rose, driving the spot zinc price to rise, the zinc price market temporarily stabilized, and the zinc market rebounded strongly.

Policies and regulations

The Customs Tariff Commission of the State Council issued an announcement on August 3rd to impose tariffs of 25%, 20%, 10%, and 5% on 5,207 tax items originating in the United States. The Ministry of Commerce also issued a response on the evening of the 3rd, saying that the implementation date of the taxation measures will be determined according to the actions of the US, and China reserves the right to continue to introduce other countermeasures. Among the commodities subject to tariffs, including zinc ore and concentrates, the increase in tariffs has led to an increase in the cost of domestically imported zinc concentrates, or a slight increase in domestic zinc prices. However, considering that China’s imports of zinc ore from the United States account for a relatively small amount, it cannot fundamentally affect the domestic zinc market, but the increase in tariffs is still a driving force for the rise in zinc prices.

Third, the outlook

Business analysts believe that this week’s Sino-US trade war continues to heat up. Following the US announcement of tariffs on Chinese goods, China introduced counter-measures and introduced tariffs on US$60 billion in US goods. This time, the zinc industry was implicated. Zinc mines and zinc concentrates were added to the tariff list. The increase of tariffs caused domestic enterprises to increase the cost of importing zinc mines from the United States, and the domestic zinc market increased pressure. The exchange rate of the renminbi against the US dollar has risen, the purchasing power of the renminbi has declined, and the import cost of zinc ingots has increased, which has increased the pressure on zinc prices. The increase in cost will prompt an increase in zinc prices in the market. However, as the overall zinc market is still in an oversupply situation, zinc prices are unlikely to rise sharply. It is expected that the zinc price in the market will fluctuate and adjust slightly, but the average price of zinc will remain in August. Difficult to exceed 23,000 yuan / ton.

According to the price monitoring of the business community, the price of the metallurgical grade metal silicon market rose first this month. As of July 31, the average price of 441# metal silicon was 12100-13100 yuan / ton.

This month, the domestic metal silicon market fluctuated significantly. From the quotation of each household, there is a certain difference between high and low quotations. The low quotation is often affected by the inventory backlog. However, from the market point of view, except for some just-needed orders, most of the orders are less, mainly because the low-grade purchase price rises, most buyers are not highly accepted. As the price of metal silicon tends to be stable, most trade markets have entered a wait-and-see attitude after they are short of supply. Now the state of the market is that high prices cannot be sold, and there is no way to buy them at low prices.

The metal silicon analysts of the business community believe that the purchasing intention of downstream enterprises is not very strong at this stage. Most buyers have adopted a wait-and-see attitude. Metal silicon will be in a stable state for some time to come.