The international crude oil price fluctuated in a narrow range, and the gasoline market price fell steadily, while the MTBE manufacturer’s shipment situation was general, and the market price fell steadily. The price of MTBE on October 16 was 3633 yuan / ton, up 2.64% from the beginning of the week, according to business agency data.

The international crude oil market is intertwined with long and short news, and the international oil price is operating in a narrow range. WTI crude oil prices rose 1.28% and Brent crude oil prices rose 0.19%. However, the promotion effect on the gasoline market is limited. In terms of gasoline demand, the demand for replenishment in the post holiday market has not brought substantial improvement to the refined oil market. Moreover, the number of car trips after the festival is reduced, the terminal demand is reduced, and the overall performance of gasoline demand is not good. Refineries lack confidence in the future market. They still purchase more intermediate materials such as MTBE on demand, while MTBE manufacturers are weak in shipment. The spot supply of MTBE decreased slightly compared with the previous period, but the overall supply was still at a high level. The overall MTBE market fell slightly.

According to MTBE product analysts of energy branch of business agency, the international crude oil market is not favorable, the international crude oil and gasoline market prices are still at risk of falling, and refineries are not active in replenishing MTBE and other intermediate materials. It is expected that domestic MTBE prices will continue to fall under pressure.

According to statistics, the price trend of domestic fluorite is temporarily stable. As of the end of the week, the average price of domestic fluorite was 2666.67 yuan / ton, which was flat compared with the price of 2666.67 yuan / ton at the beginning of the week, with a year-on-year decrease of 6.98%.

Fluorite prices have not changed much in the near future, but some fluorite manufacturers have not seen a good trend in the domestic market. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is not good, and the fluorite market price remains stable temporarily. In the near future, the downstream hydrofluoric acid market price remained low, and the terminal downstream on-demand procurement was dominant, and the purchasing sentiment was not strong. As of the 12th, the price of 97 fluorite wet powder in Inner Mongolia was 2400-2600 yuan / ton, the mainstream of 97 fluorite wet powder negotiation in Fujian was 2500-2700 yuan / ton, the price of 97 fluorite wet powder in Henan was 2600-2700 yuan / ton, and the price of 97 fluorite wet powder in Jiangxi was 2600-2700 yuan / ton, Recently, the domestic fluorite price remains stable.

The price trend of hydrofluoric acid downstream of fluorite is stable. As of the 12th day, the domestic hydrofluoric acid market price was 8410 yuan / ton. This week, the hydrofluoric acid market price remained low. The low hydrofluoric acid market price had a certain negative impact on the upstream fluorite market, and the fluorite market price trend was temporarily stable. In recent years, the sales market of automobile industry is general, but the market of refrigerant downstream of the terminal is slightly lower. There is no obvious improvement in the demand for refrigerants. The foreign economy is recovering continuously. However, the export of refrigerant terminal has not changed much. However, the domestic air-conditioning industry starts at a low level and the demand for maintenance and after-sales service is weak. On the whole, foreign demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, and the inventory is in a reasonable range. Although the market price has increased, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 15000-15500 yuan / ton 。 The market of R134a in China has dropped, the automobile market industry has been in a downturn, the demand is weak, the market trading center has shifted downward, and the transaction atmosphere is light. There is sufficient supply of goods in the market, and there are new production capacity entering the market in the future market. The competition is fierce. The supply side gradually forms a negative situation. The price keeps falling. The downstream demand is not improved. The price of fluorite remains low.

On the whole, the market situation of downstream refrigerants is not good. In addition, hydrofluoric acid merchants have reported that hydrofluoric acid delivery is poor, and the downstream hydrofluoric acid market is in a serious deficit state. Chen Ling, an analyst at the business agency, believes that the fluorite market price may remain low in the short term.

In September 2020, the domestic market price of 1 ᦇ antimony ingot will rise. The average price of domestic market will be 38375 yuan / ton at the beginning of the month and 40500 yuan / ton at the end of the month, with an increase of 5.54%.

On September 28, the antimony commodity index was 54.99, unchanged with yesterday, down 46.26% from 102.32 (2012-10-16), and 17.05% higher than 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

In the first half of this month, the price of antimony products remained stable, the market trading atmosphere was light, the inquiry was limited, the downstream purchase on demand, the transaction was general, and the overall market performance was flat in the first half of this month. At the beginning of the middle of the year, although the price of antimony products remained stable, the market turnover gradually increased, downstream procurement increased, and foreign demand improved, and the market atmosphere began to become active. With the continuous tight supply of ore, manufacturers are reluctant to sell and other factors continue to ferment into the late ten days, antimony products officially ushered in the second wave of rise in the year. The price of antimony products began to rise under the combined influence of multiple favorable factors such as the improvement of foreign demand, the strong attitude of domestic manufacturers to support prices, the preparation of goods before the long holiday and the tight supply at the mine end. After three rounds of rising, the average price of 2 × low Bi sb ingot was 39750 yuan / T, 1:40250 yuan / T, 0:41250 yuan / ton, and the average price of 2:00 high bismuth antimony ingot was 37750 yuan / ton, which was 2000-2500 yuan / ton higher than that of last month. The market price of antimony trioxide closely follows the rising trend of antimony ingot. As of the 30th, the average market price of antimony trioxide is 99.5% at 36000 yuan / ton and 99.8% at 37500 yuan / ton, which is 1500-2000 yuan / ton higher than the same period of last month.

According to the business association, under a series of favorable factors, such as frequent fluctuations in the international and domestic metal markets, frequent positive factors, rising foreign prices, reluctance of antimony manufacturers to sell antimony products, worries about future market supply and improvement of downstream demand, it is expected that the future market price will be stable and strong.

According to the price monitoring of the business agency, the price of lithium carbonate in the East China market showed a downward trend in September, and the prices of industrial carbon and electric carbon decreased to varying degrees. As of September 27, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton, which was 500 yuan / ton lower than the average price at the beginning of the month (the average price of industrial carbon in East China was 40000 yuan / ton on September 1), a decrease of 1.25%. On September 27, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was 700 yuan / ton lower than the average price at the beginning of the month (the average price of carbon in East China was 44900 yuan / ton) at the beginning of the month, a decrease of 1.56%.

According to the observation of market changes, the market price of lithium carbonate in September was in the trend of first falling and then rising. In the first ten days, the quotation price of a small number of enterprises has been slightly lowered, which is mainly due to the high price in the early stage, so the price is reduced to attract customer resources, while most other lithium carbonate manufacturers basically maintain relatively stable prices. With the arrival of the late ten days, the inventory of lithium carbonate is becoming more and more tight. As the low-cost source of goods has gradually begun to decrease, the enterprises with low quotation in the early stage began to raise the price of lithium carbonate. However, due to the lower prices in the earlier period, the overall price trend in September was relatively low.

In the early stage of this month, some large lithium salt factories have been in full production, and their production capacity may fall short of demand. However, the market share of battery grade lithium carbonate is relatively high, and the demand for downstream ternary materials recovers slowly. The pressure of terminal cost reduction will continue to transmit to the upstream, and the pace of price increase of battery grade lithium carbonate is still under pressure. In the later stage, the industrial grade lithium carbonate inventory situation became tight, and the downstream purchase from large factories was in short supply, and the price rebounded accordingly.

The prices of the downstream lithium hydroxide Market and lithium iron phosphate Market are still in a stable situation, and the market supply has been at a high level. Due to the large increase in demand in the third quarter, the demand side may enter the state of de stocking in the fourth quarter. This month, the comprehensive price of industrial grade lithium carbonate is in the range of 33500-42000 yuan / ton, and the comprehensive price of battery grade lithium carbonate is between 39000 yuan / ton and 45000 yuan / ton.

According to the lithium carbonate analysts of the business club, although lithium carbonate seems to be in a good state at present, there are not many enterprises that have raised their prices. Most of them are still in stable operation, and the high trading volume has not yet constituted the mainstream. It is expected that the future lithium carbonate price is still in the state of interval price fluctuation.

September ushered in the traditional sales peak season of the gas market, but the market showed the market was not prosperous in the peak season, and the overall trend of the gas market was weak. According to the data monitoring of business agency, the LPG market showed a continuous downward trend in September. On September 1, the average price of domestic LPG market was 3200.00 yuan / ton, and on September 24, the average price was 2876.67 yuan / ton, a decrease of 10.10% in the month and a decrease of 24.30% compared with the same period last year. On September 1, the average price of domestic natural gas market was 2406.67 yuan / ton, and the average price on September 24 was 2406.67 yuan / ton. The price was flat at the end of the month compared with the beginning of the month, with the largest earthquake amplitude of 2.35%, and the price fell by 15.95% compared with the same period last year.

In September, the overall trend of LNG fell first and then rose. In the first half of September, natural gas first continued the decline in August and continued to be weak. Although the traditional off-season in August has passed and the traditional sales peak season in September has come, with the resumption of production of maintenance enterprises, the market supply has become more and more abundant, the situation of supply exceeding demand is still the same, the market trading is not warm and the downstream demand is insufficient to follow up, and the liquid price continues to decline.

Until the middle of September, the natural gas market ushered in a stop fall rise. Until September 24, the average market price had returned to the level before the fall at the beginning of the month. After the middle of the year, the liquid factory adjusted the quotation in a narrow range according to its own delivery situation, among which Shaanxi, Ningxia, Inner Mongolia and other places have a strong atmosphere of adjustment, but the increase is not big. After continuous price reduction in the early stage, the current inventory pressure is not big, the shipment situation has been improved, the superimposed weather turns cool, the bad factors in the demand off-season gradually fade, the market trading is stable, and the market stops falling and rising. However, due to the abundant market supply, the liquid price has been restrained and there is no significant increase.

Looking at the LPG civil market, the trend is not as optimistic as that of natural gas. In September, the focus of the civil gas market shifted downward, and the range was more obvious. In the first ten days of September, the civil market of liquefied petroleum gas (LPG) started its downward route, and the decline was more and more large. Due to the continuous weak decline of international crude oil, the news brought obvious pressure on the LPG market. With the arrival of autumn, the temperature gradually drops, the weather turns cool, and the terminal demand is expected to increase. However, due to the market status, the terminal consumption is still weak, most of the downstream purchasing capacity is insufficient, and the shipping atmosphere of manufacturers is not good. In the LPG market supply changes little, the production is more adequate, it is difficult to change the decline. Manufacturers’ inventory pressure gradually increased. Continuously reduce the price and give priority to shipment. The prices of some manufacturers have fallen below 3000 yuan / ton.

In the middle of September, the LPG market finally ushered in the first rise in the month, but the market was too short and disappeared in only two days. Then the market went down again. Negative factors dominated the month, LPG market rebound fruitless, forced to go down. The main reason for this rebound comes from international crude oil. Due to the sharp decline of US crude oil and gasoline stocks, the superposition of Hurricane “Sally” forced the United States to block a large number of oil production, and international oil prices rose sharply. The news brought a significant boost to the market. Shandong LPG rose slightly in line with the trend, and rose 0.91% on September 16-18. But only two days after the rally, it went down again.

But the LPG market rebound failed, the main reason for its rebound failure is terminal demand. In September, with the arrival of autumn, the temperature gradually turns cool, and the terminal market is expected to improve. However, the demand this year is slower than that in previous years. The current September is about to pass, and the market has not yet improved significantly. The downstream demand has not increased, and the main consumption of inventory is more. Most of them are cautious and enthusiastic about entering the market. And the market supply of liquefied gas has little change, and the output is relatively sufficient. Due to the poor delivery situation and the gradual accumulation of inventory, manufacturers were forced to lower the price to stimulate downstream market entry.

According to the data, this year’s gas market is not better than last year’s market. The average price of LNG or LPG has dropped sharply compared with the same period last year. The main reason for the sluggish gas market in September this year is that market supply exceeds demand. In the autumn, the weather gradually turns cool, and the terminal demand is expected to increase. However, in September, due to the lack of obvious improvement in terminal demand, more downstream enterprises need to be replenished, and the market atmosphere is general. Moreover, the current gas market supply is relatively sufficient, and the demand follow-up is insufficient, and the market is difficult to change.

However, the trend of natural gas market is clearer than that of liquefied gas (LPG) for civil use, with an increase in the latter ten days of September. As the weather turns cool, the effect of negative factors in the off-season is weakening, the market trading is relatively stable, and the shipment in some regions turns smooth, and the price rises. However, due to the uncertain trend of international crude oil price, the domestic LPG market has limited support. September will soon pass, and the LPG market is still weak. Market supply is sufficient, downstream demand has no obvious change, manufacturers’ shipment situation is flat, which brings obvious restraint to the rise. At present, the gas market is approaching the double festival. Before the National Day holiday, the downstream storage and replenishment demand, the market transaction atmosphere may be improved, and the yin10 is coming, the weather will continue to cool down, and the terminal demand is still expected to improve. It is expected that the gas market will still have upward trend in October.

1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of the business agency, the average price of nitric acid in East China at the beginning of this week was 1500 yuan / ton, and the average price at weekend was 1516 yuan / ton, with the quotation rising by 1.11%.

2、 Market analysis

Anhui Jinhe quoted 1350-1400 yuan / ton, which was about 50 yuan / ton higher than last week; Shandong helitai Chemical Co., Ltd. quoted 1750 yuan / ton, which was flat compared with last time; Huainan Aodeli chemical products Sales Co., Ltd. quoted 1380 yuan / ton of concentrated nitric acid, which was 100 yuan / ton higher than last week; Wenshui Synthetic Chemical Co., Ltd. quoted 1530 yuan / ton of concentrated nitric acid and 680 yuan / ton of dilute nitric acid The price of concentrated nitric acid was lower than that of last week; the trading volume of partial nitric acid market was acceptable.

According to the monitoring of the business agency, the upstream product of liquid ammonia in Shandong Province dropped by 1.06% in the week of 18th, with the mainstream market quotation of 2750-3000 yuan / ton; for the downstream TDI, the average market price of TDI in East China on the 15th was 17833.33 yuan / ton, up 22.71% compared with 14533.33 yuan / ton at the beginning of the month; and aniline at the downstream was up 5.93% this week.

3、 Future forecast

Supported by downstream products, nitric acid analysts of business club predict that the price of nitric acid will rise.

1、 Price trend

Price: the mainstream quotation of GPPS is 7650-8900 yuan / ton, and that of hips is 8700-9700 yuan / ton.

2、 Market analysis

PS market trend is stable, traders wait for the opportunity, according to their own resources flexible goods. Downstream factories maintain the rigid demand procurement, and the trading atmosphere has not improved significantly. Zhanjiang Sino US PS ex factory price, 525 quotation is 8300 yuan / ton. The ex factory price of CITIC Guoan PS is 8250 yuan / T.

3、 Future forecast

The overall market of PS market is mainly stable, and merchants are more cautious in trading. Small and medium-sized downstream users mainly purchase on demand. The overall trading atmosphere of the market is slightly flat. It is expected that the price will be mainly shaken in the short term.

Oil production in August was higher than that in July as OPEC continued to ease production cuts, according to a Reuters survey.

According to the survey, crude oil production increased by 950000 barrels a day in August to 2427 million barrels a day. Despite Iraq’s commitment to cut production by another 400000 barrels a day in August to make up for its failure to comply with the oepc + cut quota, the increase appears to be continuing. Nigeria has also pledged to cut production further to make up for overcapacity since May.

When OPEC + extended the record 9.7 million barrels per day cut for one month to the end of July, the alliance agreed that all countries in the treaty should comply with their quotas 100 per cent, while those that did not comply should compensate for non-compliance by exceeding the cut in July, August and September.

Since August, OPEC + has reduced its production to 7.7 million B / D, of which 13 OPEC member states need to cut 4.868 million B / D in total, excluding compensatory production cuts in Iraq and Nigeria.

Oil demand may be improving, helping OPEC stick to its quotas, but even OPEC is not particularly optimistic about oil demand this year. In its latest monthly oil market report, the group said it expects daily oil demand to fall by 9.1 million barrels this year, up 100000 barrels from July’s forecast. OPEC also estimates that the global economy could fall as much as 4% this year, compared with 3.7% in July.

Since OPEC production hit its lowest level since 1991 in June, OPEC production has rebounded by 2 million B / D, including a 1 million B / d cut initiated by Saudi Arabia to accelerate the oil price rebound by tightening supply, according to Reuters survey data. Saudi Arabia, by far the largest producer of OPEC, produced 9 million barrels a day in August, 600000 more than in July.

1、 Price trend

Data show that this week, pure benzene in Shandong fell in a weak position. On August 23, the listed price of pure benzene was 3000-3450 yuan / ton (average price was 3390 yuan / ton); this Sunday (August 30), the listed price of pure benzene was 3020-3450 yuan / ton (average price was 3390 yuan / ton), the average price was flat compared with last week.

2、 Analysis and comment

This week, pure benzene trading light, slightly lower than last week’s price. In the first half of the week, the spot price of pure benzene rose slightly due to the rise of styrene, but in the second half of the week, the price dropped due to the impact of low prices such as hydrogenated benzene. This week, pure benzene port inventory decreased slightly, but the inventory remained high.

On the external side, Asian pure benzene fell in a weak position this week. On Friday (August 28), South Korea imported 427.33 US dollars / ton of pure benzene, down 14.34 US dollars / ton, or 3.25% compared with August 21; and pure benzene imported from East China was 437.5 US dollars / ton, down 7 US dollars / ton, or 1.57% compared with August 21.

In terms of crude oil, affected by the storm this week, the oil and gas production in the Gulf region of the United States was affected, and the oil price rose. In the second half of the week, relevant people expected that the impact of the storm would weaken, production would resume soon, and oil prices would fall back. Compared with August 21, Brent was up $1.305 per barrel, or 3%, and WTI was up $0.95 per barrel, or 2.24%. Compared with December 31, 2019, Brent decreased by 32.79%, and WTI decreased by 28.76%.

On the downstream side, the styrene market maintained a high-frequency oscillation pattern, and the cost support and de inventory operation continued to confront. On August 28, the price of styrene in Shandong was 5300 yuan / ton, up 166.67 yuan / ton or 3.25% over last week.

This week aniline Market stable price consolidation. On the 28th, the price of aniline in Shandong was 4250-4430 yuan / ton, and that in Nanjing was 4400-4500 yuan / ton.

3、 Future forecast

In terms of crude oil, the impact of the Gulf of Mexico storm subsided, and the crude oil market may rise before retrenchment. Public health events continue to affect the economy and energy market.

In the later stage, some downstream units will restart, which will support the demand for pure benzene. But the port inventory is still high, crude oil, external disk support is weak. It is expected that the short-term pure benzene price will not have a big breakthrough and the price will fluctuate in a narrow range.

According to the data monitored by the business agency, as of August 28, the price quoted by pet water bottle manufacturers was 5466.67 yuan / ton, and the price of mainstream manufacturers was around 5400-5500 yuan / ton. The market of polyester bottle chip in South China was narrow, and the mainstream negotiation price in the market was 5200-5300 yuan / ton.

In recent years, pet market has been running steadily, with poor downstream demand, low negotiation atmosphere, and just in demand procurement. At present, the market of PET bottle chips in East China is stable. The price of mainstream manufacturers is around 5400-5450 yuan / ton, and the negotiated price is about 5150-5300 yuan / ton. At present, the price of Xiamen Tenglong is 5400 yuan / ton, Guangdong Taibao 5400 yuan / ton, Zhuhai China Resources 5400 yuan / ton, Zhejiang wankai 5400 yuan / ton, Yizheng Chemical fiber 5350 yuan / ton. Most of them are cautious and wait-and-see attitude, the cost support is general, the manufacturer’s quotation is stable, the focus of negotiation is low, and the just need procurement is the main.

The upstream PTA market is weak, the market trading atmosphere is general, crude oil prices continue to decline, there are no favorable factors, the market is dominated by contract orders, the number of new orders is limited.

The PTA commodity index on August 27 was 35.22, down 0.11 points compared with yesterday, 66.11 points lower than 103.92 points (2011-09-15), and 17.05% higher than the lowest 30.09 points on April 22, 2020. (Note: period refers to 2011-09-01 to now)

On August 27, the rubber and plastic index was 635 points, unchanged with yesterday, 40.09% lower than 1060 (2012-03-14), and 20.27% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Pet analyst of business agency thinks: pet market runs smoothly in the short term, and the focus of negotiation is low. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)