1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. At the end of last week, the average price of isopropanol in China was 8133.33 yuan / ton, while that on Thursday was 7900 yuan / ton. During the week, the price dropped by 2.87%.

2、 Market analysis

The price of isopropanol fell this week, and the price of isopropanol was still weak due to the fall of acetone last week. Internationally, isopropanol in the United States fell sharply on October 27, while the European isopropanol market closed up sharply. So far, the negotiation range of isopropanol in Shandong Province is about 7700-7900 yuan / ton, and that of Jiangsu Province is about 8000-8200 yuan / ton. Zhejiang isopropanol negotiation range is about 7800 yuan / ton. The quotation of isopropanol from propylene process is about 8000 yuan / ton.

In terms of raw materials, this week’s raw material acetone market is in a stable transition stage. Sinopec’s factory lowered the price twice in a row last week, and the market center of gravity went down. After the sharp decline, large traders were reluctant to sell, and the offer was suspended. The market was stable. There was a slight correction in the market near the weekend, and the trading atmosphere was improved. However, the overall transaction follow-up was not optimistic. At present, the acetone market is stable, and the market range of East China is expected to be 6550-6650 yuan / ton. Lack of support for isopropanol.

As for propylene, as of October 28, the market price of propylene in Shandong continued to decline, falling below the March low. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but from 17 to 19, the price dropped by about 200 yuan / ton, from 20 to 23, a significant downward trend began on October 24, and today it has dropped about 400 yuan / ton The market transaction is between 6800 yuan / ton and 7400 yuan / ton, and the mainstream price is about 6900 yuan / ton. The price has reached the price in late August. Delivery pressure increased. The support for isopropanol is particularly weak.

3、 Future forecast

Isopropanol analysts of chemical branch of business society think: raw material acetone price weak finishing, propylene market price down. Cost support is weak. The domestic market demand is light, and traders mainly wait and see. The domestic isopropanol market was weak and declined, and the atmosphere was empty. It is expected that the price of isopropanol will continue to fall in the short term, and the follow-up attention will be paid to the changes in the news.

1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

Recently, the market of acrylic acid is in the doldrums. As of October 28, the average price of acrylic acid quoted in East China was 10566.67 yuan / ton, which was flat compared with the previous trading day, down 0.31% compared with last Wednesday (October 21), and increased by 9.31% compared with September 28. At present, the price of raw material propylene is falling, and the cost support for acrylic acid is weakened. In addition, the downstream demand performance is low, and the market trading atmosphere is light, and the acrylic acid market is weak.

Upstream propylene, on October 27, the market price of propylene in Shandong was still downward. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th Today, the market continues to decline by about 100 yuan / ton. The current market turnover is between 6950 yuan / ton and 7400 yuan / ton, and the mainstream price is about 7000 yuan / ton. Delivery pressure increased.

According to the price monitoring of business agency, on October 27, 2020, there were 16 kinds of commodities in the list of commodity price rise and fall, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities of increase were silicone DMC (5.03%), formic acid (3.13%), nitric acid (2.11%). There were 11 kinds of commodities that declined on a month on month basis, with phenol (- 2.56%), TDI (- 1.94%) and propylene oxide (- 1.81%). The average rise or fall was 0.12%.

3、 Future forecast

Acrylic acid analysts from the business community believe that at present, the raw material prices are going down, the downstream receiving intention is low, and the cost and demand are lack of support. It is expected that in the short term, the acrylic acid market will be dominated by weak consolidation and operation, and more attention should be paid to market news guidance.

Trend analysis

According to the business agency data monitoring: the recent performance of the cobalt market is general, the price of cobalt fluctuates and falls. As of October 27, the cobalt price was 270333.34 yuan / ton, down 1.58% from 274666.66 yuan / ton at the beginning of the month (October 1), and 0.92% lower than that at the end of last week (October 18).

Domestic mobile phone production and sales data

According to the data of China Academy of communications and communications, in September 2020, the total volume of domestic mobile phone market was 23.334 million, a year-on-year decrease of 35.6%; from January to September, the total volume of domestic mobile phone market was 226 million, a year-on-year decrease of 21.5%. Mobile phone sales fell sharply, cobalt market demand plummeted, cobalt market favorable pressure.

Import data of cobalt raw materials

According to the latest data from the customs website, in September 2020, China imported 26700 physical tons of cobalt raw materials, equivalent to 6700 tons of metal tons, with a decrease of 27% on a month on month basis and a decrease of 32% on a year-on-year basis; the import of 5305 physical tons of cobalt concentrate, equivalent to 424 metal tons, was basically flat on a month on month basis, with a year-on-year decrease of 65%. From January to September 2020, China’s total import of cobalt raw materials was 61200 tons of metal tons, a year-on-year decrease of 2%. From January to September, the import volume of cobalt raw materials decreased slightly, and the supply of cobalt decreased slightly. The import data in September dropped sharply. The domestic cobalt market demand was poor, and the domestic cobalt traders were generally enthusiastic about importing.

Market Overview

According to Bai Jiaxin, a data analyst of business agency, the sales of mobile phones dropped sharply in September, and the demand of cobalt market dropped obviously, and the pressure of cobalt market was great; from January to September, the import quantity of cobalt raw materials fell, and the market of cobalt Market weakened, and the downward pressure of cobalt market was greater; in September, the import quantity of cobalt raw materials fell sharply, and the cobalt market was greatly de stocked in September, so the cobalt market supply decreased, and the cobalt price in the future market had certain upward momentum. Generally speaking, the demand of cobalt market has fallen in recent years, and the market of cobalt market has weakened. However, with the decrease of inventory and supply of cobalt market, the future cobalt market has certain upward momentum support, and it is expected that the future cobalt price will fluctuate and maintain stability.

According to the monitoring data of the business agency, the external price of ethylene has fallen recently. On the 19th, the average price of ethylene was 778.75 US dollars / ton, and on the 26th it was 750.50 US dollars / ton, a decrease of 3.63%. The current price is down 0.17% month on month, and the current price is 10.63% lower than last year.

In the near future, the overall market of ethylene in the external market shows a downward trend. Asian ethylene market prices fell, with CFR Northeast Asia closing at $805-815 / T and CFR Southeast Asia closing at $770-780 / T as of the 26th. The European ethylene market price fell slightly. As of the 26th, the European ethylene market price was FD, which closed at 706-719 US dollars / ton in northwest Europe and 697-706 dollars / ton in CIF northwest Europe. The price of ethylene in the United States dropped to 490-502 US dollars / ton as of the 26th. In the end of October, the market of ethylene in Europe and America decreased slightly. Generally speaking, the demand of the whole ethylene market was poor, and the market continued to decline.

International: on October 23, the U.S. WTI crude oil futures market price fell, and the settlement price of the main contract was $39.85/barrel, down $0.79. Brent crude oil futures market price fell, the main contract settlement price to 42.07 US dollars / barrel, down 0.39 US dollars. Oil prices have fallen recently, mainly due to the Libya conflict, the two sides signed a cease-fire agreement. Crude oil market decline can not give ethylene cost support, ethylene external market continued to fall.

Recently, the market price of styrene in East China increased slightly. Domestic styrene factory and port inventory is still declining. The price of styrene increases with the increase of the price of the goods holder. The market jumps and opens high. The downstream start-up continues to run on a high side. The rigid demand is strong, and some downstream prices rise sharply, driving up the price of styrene. In the near future, the East China styrene quotation has been raised to around 6600-6800 yuan / T. the styrene price tends to be sorted and digested after several big rises. It is expected that there is room for consolidation and price increase in the mainstream. But the price rise is small, unable to support the ethylene market.

In terms of crude oil, the two sides of the Libya conflict signed a cease-fire agreement in Geneva on the same day. The market was more worried about crude oil demand, and the drop in crude oil could not form a support for the ethylene market. Therefore, the data analysts of the business agency predicted that the external price of ethylene would fall mainly as follows.

According to the data monitored by the business agency, at the beginning of the week, the domestic first-class industrial grade potassium nitrate was quoted at 4150.00 yuan / ton, and at the weekend, 4100.00 yuan / ton, a decrease of 1.2%. The current price was 1.5% lower than that of last year, and the current price was 6.02% lower than that of last year.

This week, the domestic potassium nitrate declined slightly, the trading atmosphere of potassium nitrate Market was not good, and the actual transaction volume was less. Generally speaking, the mentality of potassium nitrate manufacturers was low, and the market of potassium nitrate was lower. According to the statistics of the business agency: this week, the domestic mainstream manufacturers of potassium nitrate quoted 3900-4400 yuan / ton (the quotation is for reference only), and the quotations are different according to different purchasing situations.

This week, the quotation of mainstream manufacturers of potassium chloride is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 1850 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Anhui Badou potassium chloride sales at the weekend is 2000 yuan / ton, which is temporarily stable compared with the beginning of the week. The actual turnover of potassium chloride market this week is not good. Overall, the main contradiction in the market is that supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly on demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable. Limited support for potassium carbonate

In recent years, the domestic potash fertilizer market price quoted by port traders is higher, but the downstream factory new order transaction is not active, and the shipment speed is relatively slow. It is expected that the market of potassium nitrate will decline slightly in the short term, while the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of business club for reference only. Please contact relevant manufacturers for more price details.).