1、 Price trend

According to the business club’s big list data, the price of pure benzene in Shandong Province fell overall this week. On September 20, the listed price of pure benzene was 3130-3450 yuan / ton (the average price was 3390 yuan / ton); this Sunday (September 27), the listed price of pure benzene was 3000-3450 yuan / ton (average price 3400 yuan / ton), an increase of 0.29% compared with last week.

2、 Analysis and comment

Northern lower reaches of the stock up to a paragraph, this week, Shandong market trading light. Pure benzene enterprise festival inventory, cut prices, this week the market in Shandong weakened again.

In terms of external trading, on Friday (September 25), South Korea imported 419.67 US dollars / ton of pure benzene, down 17 US dollars / ton, or 3.89% compared with September 18; and that of East China was 425 US dollars / ton, down 12 US dollars / ton, or 2.75% compared with September 18.

Crude oil, this week’s high oil prices fell, Libya’s oil fields and port blockade lifted, the market’s concern about excessive supply of crude oil increased. Compared with September 18, Brent fell $1.05 per barrel, or 2.47%, while WTI fell $1.39 per barrel, or 3.36%. Compared with December 31, 2019, Brent decreased by 37.93%, and WTI decreased by 34.29%.

Downstream: domestic styrene market is running horizontally. The price of styrene decreased by 50.92 yuan / ton in Shandong on the day of last week.

Before the festival, downstream purchasing enthusiasm is good, enterprise shipment is smooth, inventory is low, and the price goes up. On September 27, the price of aniline in Shandong was 5000-5200 yuan / ton, and that in Nanjing was 5200-5300 yuan / ton.

3、 Future forecast

In terms of crude oil, oil prices are under great pressure. The lifting of the blockade in Libya has wrongly boosted the supply of crude oil market. In addition, public health events continue to affect the market, and the market has become more worried about the supply and demand of crude oil. Oil prices are expected to have downside risks next week.

At present, the demand for pure benzene in the downstream is not strong. In addition, the domestic hydrobenzene shutdown and maintenance devices are gradually restored, which is expected to have an impact on the pure benzene market. It is expected that benzene will maintain weak operation before the festival.

This week, the lead market (9.21-9.25) rose and then fell back. The domestic market average price was 15340 yuan / ton at the beginning of the week and 15102.5 yuan / ton at the weekend, with a weekly decrease of 1.55%.

On September 26, the lead commodity index was 91.91, flat with yesterday, down 31.42% from 134.01 (2016-11-29), and 23.15% higher than the lowest point of 74.63 on March 19, 2015. (Note: period refers to 2011-09-01 to now).

This week, the price of lunlun lead rose and then fell back, fluctuated in the range of 1950-2025 U.S. dollars / ton. Affected by the weakening of US dollar, it rose to the highest point of 2025 US dollars / ton since mid January 2020. Later, affected by the high LME lead inventory, the price went down. Shanghai period tin this week to follow the trend of Lun lead after high, the overall trend is weak, the trend is inferior to the external price.

This week, the domestic spot market price was close to the trend of Shanghai lead, and then fell back. At the beginning of the week, under the influence of the downstream holiday, stock preparation before the festival and the increase of market procurement, the market price rose steadily and the transaction was good. From the following week, with the replenishment coming to the end and the Shanghai lead market falling, the spot lead price fell. In terms of recycled lead, the price of used batteries is firm. Due to the impact of strict environmental inspection, the market supply is relatively small, and the market transaction is limited.

According to the price monitoring of the business agency, in the 38 th week (9.21-9.25) of 2020, there are 4 kinds of commodities in the non-ferrous plate rising month on month, and the top three commodities are antimony (2.93%), silicon metal (1.61%) and cobalt (0.24%). There were 17 kinds of commodities with a decline of more than 5%, accounting for 4.5% of the total number of monitored commodities in the plate; the top three products were silver (- 15.67%), zinc (- 4.51%) and gold (- 4.12%). This week, the average rise and fall was – 1.88%. This week, the metal market is mainly downward.

The business agency predicts that there will be only three trading days before the festival next week. As the long holiday approaches, the domestic market atmosphere turns cold, and the price is expected to stabilize temporarily before the festival.

1、 Price trend

 According to commodity data monitoring, isopropanol prices fell this week. At the beginning of the week, the average price of isopropanol in China was 8133.33 yuan / ton, and the average price at weekend was 7933.33 yuan / ton. During the week, the price decreased slightly, with the range of 2.46%.

2、 Market analysis

Isopropanol prices fell this week. Internationally, isopropanol in the United States closed stable on September 22, while the isopropanol market in Europe continued to decline. Up to now, the negotiation range of isopropanol in Shandong Province is about 7800-8400 yuan / ton, and that of Jiangsu Province is about 7900-8000 yuan / ton. Zhejiang isopropanol negotiation range of 7900-8000 yuan / ton. The quotation of propylene isopropanol is about 8300 yuan / ton.

In terms of raw materials, the price of raw material acetone fell this week. According to the monitoring of bulk commodity data, the domestic average price of acetone was 7275 yuan / ton at the beginning of the week, and 6900 yuan / ton at the weekend. The price of acetone dropped during the week by 2.46%. The domestic acetone market is in a weak position, and the manufacturers are under pressure to ship at low prices. The factories just need to replenish before the festival. The overall market operation is relatively stable. The offer of acetone market in East China is 6550-6600 yuan / ton. In terms of propylene, the current market turnover is between 7300-7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Most propylene manufacturers have controllable inventory.

3、 Future forecast

The isopropanol analyst of chemical branch of business society thinks: the price of raw material acetone drops, and the market price of propylene is stable. The cost support is weak; the price of isopropanol falls in the international aspect, and the export orders of isopropanol decrease. The domestic market demand is light, and traders mainly wait and see. Near the National Day holiday, isopropanol price adjustment space is limited, it is expected that isopropanol price will be stable in the short term.

Market trend of magnesium market in 2020

On September 24, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will run weakly and stably, with the overall range of 12250-12550 yuan / ton, and the actual order negotiation is mainly discussed.

The specific price ranges of each region are as follows:

The ex factory spot exchange including tax in fugu district is 12250-12400 yuan / ton; Taiyuan is 12400-12450 yuan / ton; Wenxi district is 12400-12550 yuan / ton; Ningxia area is 12350-12400 yuan / ton.

The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.

 
According to the data of the business agency, the average price of the domestic market on the 24th was 12350 yuan / ton, a decrease of 2.76% compared with the average price of 12700 yuan / ton at the beginning of September (9.1) and 14166.67 yuan / ton at the beginning of September (1.1), a decrease of 12.82%. Yesterday, the price of magnesium ingot began to stabilize, showing signs of rebound at the bottom.

The price of magnesium ingot will rebound to the bottom

At present, the market trading is slightly improved, and the downstream just needs to prepare goods for purchase. On the one hand, as the end of the month is approaching and the national day meets the Mid Autumn Festival, the double festival effect leads to an increase in the demand for goods preparation of downstream processing enterprises; on the other hand, due to the fact that the prices of some magnesium factories have been falling for a long time due to the consideration of cost factors, the willingness to support prices has increased.

Although the export side shipment is not good, relying on the supply and demand of the domestic market, the support for magnesium price is not strong. At present, the price is relatively low, the downward adjustment space of magnesium enterprises is narrowed, the influence of supply-demand factors on price is weakened, the influence factors of cost side are gradually enlarged, and the market expectation of magnesium ingot price bottoming is rising.

According to the data monitored by the business agency, as of September 23, the average price of domestic rubber grade silica was 4700 yuan / ton, and the domestic silica market rose slightly, up 1.44% compared with the beginning of the month.

The domestic rubber grade silica market has a small upward trend. At present, the shipment is smooth, the negotiation atmosphere is fair, and the demand is not general. The downstream just needs to purchase, and the merchants take the goods carefully, and the shipment is slow. At present, the gas phase silica price is about 22000 yuan / ton. The domestic supply and demand of fumed silica are balanced, and the shipment is slow. The Changtai micro nano factory in Shouguang City, Shandong Province, 5300 yuan / ton, Shandong Province Huaxin Materials Co., Ltd. 4600 yuan / ton, Boai Xiangsheng silicon powder Co., Ltd. 4000 yuan / ton.

The quotation of upstream hydrochloric acid market manufacturers is stable temporarily, the trading atmosphere is maintained at the early stage level, and the domestic hydrochloric acid market mainly operates stably.

The chemical index on September 22 was 731, up 1 point compared with yesterday, 28.05% lower than 1016 (2012-03-13), and 22.24% higher than 598, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business agency silica analysts believe that: in the short term, the silica market continues to operate stably, and the overall focus is stable. (the above prices are provided by major silica manufacturers all over the country and sorted out and analyzed by business silica analysts for reference only. Please contact relevant manufacturers for more price details.)