Since the beginning of August, the price of polycrystalline silicon has continued to rise due to factors such as tight supply and enlarged purchase volume of downstream silicon wafer manufacturers. According to the monitoring of the business agency, as of August 17, the price of polysilicon has increased by 38.85%. At present, the domestic market quotation of polysilicon solar grade primary materials has reached the price range of 60000-65000 yuan / ton, and the price of imported materials has also reached the range of 65000-70000 yuan / ton.

According to the statistics, since July to 20, the supply of polysilicon in domestic market has been reduced gradually compared with that in July. As of August 17, at present, four of the 11 domestic polysilicon enterprises are in the process of maintenance. Since July, Xinjiang Daquan, Xinte energy and Dongfang hope have been overhauling and have not recovered. In August, another Asian silicon industry was added. At present, the maintenance volume is still at a relatively high level, and the supply is more tense. At present, the maintenance devices of manufacturers are mainly concentrated in Xinjiang, and it is estimated that domestic supply will only decrease but not increase month on month in August. It is understood that at present, traffic control is still implemented in Xinjiang. The transportation cost of polysilicon has risen sharply, and the labor cost has increased sharply. Under the situation of tight supply, it can be said that it is worse than before, which has largely supported the high price of polysilicon.

In terms of import sources, the price of imported silicon materials also continued to push up, further impacting the domestic market. At present, the devices of Wacker in Germany and OCI in Malaysia have not been fully recovered. Last week, it was reported that there was a factory accident in Wacker, Germany. It is estimated that it will take time for the production capacity to fully recover, and the supply of imported materials will continue to be tense. Combined with the impact of the devaluation of the US dollar, the price of polysilicon import materials also rose significantly, which has increased by more than 10000 yuan / ton compared with the same period last month. On the whole, tight supply is the direct reason for the soaring price of polysilicon.

In addition, the purchase volume of downstream silicon wafer manufacturers also plays a role in boosting the flames. Since July, the photovoltaic industry has continued to warm up. On the one hand, affected by the national policy, the infrastructure sector has made efforts, and photovoltaic also belongs to the beneficial sector. The downstream silicon wafer manufacturers have also entered into a period of continuous production in the second half of the year. With the increase of procurement volume, the supply of silicon materials is in short supply, and the price of silicon wafers is also rising. However, the rapid rise of the cost in the middle and upper reaches of photovoltaic has a serious impact on the terminal cells. According to the industry reaction, the price of polycrystalline battery chip has also increased, but due to the terminal demand, the increase is not obvious. However, the cost pressure is gradually transmitted to the terminal. Affected by the sharp increase of cost pressure brought about by the silicon material explosion, the downstream is suffering. Before that, some industry leaders have spoken out, calling for how to deal with the silicon material price rise crisis. On the whole, the current rise of silicon materials is mainly driven by the tight supply, the terminal demand is rising moderately, and the scale of newly added domestic installed capacity is rising steadily, but the growth rate is not obvious, and the demand is still without qualitative leap. In addition, affected by the overseas epidemic situation, the export situation is also not optimistic. It is expected that the export data in July and August will not change much. According to the business association, the supply of polysilicon is still in a tight situation in the next three quarters, and the price may continue to rise. However, with the end of the maintenance period of the device approaching and the gradual recovery of overseas units, the situation of polysilicon supply shortage is expected to ease in the medium term, and the price will gradually return to rationality.

According to the data monitored by the business agency, as of August 17, the average price of domestic power lithium iron phosphate was 37000.00 yuan / ton. The domestic power type lithium iron phosphate ran smoothly with limited demand. Orders increased and the price remained stable.

The market price range of lithium iron phosphate power is 34500-37000 yuan / ton, the price is stable and the supply and demand are balanced. At present, the price range of energy storage lithium iron phosphate is 28000-31000 yuan / ton, and the average price is about 29500 yuan / ton. At present, the quotation of power type lithium iron phosphate enterprises is 37000 yuan / ton of Guangdong Optical Technology Co., Ltd., 37000 yuan / ton of Foshan Defang Nano Technology Co., Ltd., and beiteri new energy Materials Co., Ltd. is 37000 yuan / ton. In recent two years, domestic lithium iron phosphate technology has been continuously improved. Lithium iron phosphate battery has a cost advantage. With the continuous breakthrough of lithium iron phosphate density, its safety and recycling have been better developed. There is a very broad space for lithium iron phosphate in vehicle market.

The overall operation of upstream lithium carbonate is stable. At present, the mainstream price range of industrial grade lithium carbonate is 33000-37000 yuan / ton, with a slight increase. The mainstream price range of battery grade lithium carbonate is 39000-40500 yuan / ton, and the price remains stable.

On August 16, the chemical industry index was 677 points, unchanged with yesterday, down 33.37% from the cycle’s highest point 1016 (2012-03-13), and 13.21% higher than the lowest point of 598 on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business Club lithium iron phosphate analysts believe: lithium iron phosphate market prices remain stable in the short term, just need to purchase. (the above prices are provided by major lithium iron phosphate manufacturers all over the country and analyzed by business lithium iron phosphate analysts for reference only. Please contact relevant manufacturers for more price details.)

According to the monitoring of the business agency, the domestic market price of phthalic anhydride dropped slightly this week. As of the 14th day, the quoted price of phthalic anhydride was 4937.5 yuan / ton, which was 0.25% lower than the price of 4950 yuan / ton on the 10th day, and 15.60% lower than that of the 10th day. The market demand did not improve, and the market price of phthalic anhydride fell slightly.

This week, the domestic market price of phthalic anhydride declined slightly, the situation of phthalic anhydride market was general, the recent downstream demand was poor, the price of o-benzene fluctuated at a low level, the plasticizer line was weak, and the trend of phthalic anhydride price fell. Domestic phthalic anhydride manufacturers started operation generally, and the operating rate of phthalic anhydride was about 60%. The domestic phthalic anhydride spot supply was sufficient, and the downstream plasticizer industry procurement was not active. The on-site merchants had a strong wait-and-see mood, and the exchange trading market fell. The price of phthalic anhydride market in East China declined, and the high-end transactions were limited. In East China, the mainstream of neighboring France source negotiation was 4900-5000 yuan / ton, and that of naphthalene process was 4700-4800 yuan / ton; the mainstream quotation of phthalic anhydride market in North China was 4900-5000 yuan / ton, and the phthalic anhydride market was still in a wait-and-see attitude, and the market price of phthalic anhydride fell.

This week, the domestic o-benzene price remained low, and the on-site price remained at 4400 yuan / T. the low price of domestic o-benzene was a big negative effect on the phthalic anhydride market. In addition, the import market of o-benzene in the port area declined, and the external price of o-benzene declined. The actual transaction price was subject to negotiation. The detailed list was discussed. In addition, the on-site o-benzene merchants had a strong wait-and-see mood, the low price of o-benzene fluctuated, and the raw material of o-benzene was o-benzene Low price is unfavorable to domestic market price of phthalic anhydride.

This week, the price trend of DOP market in the downstream of phthalic anhydride was temporarily stable. According to the monitoring of the business agency, the domestic DOP price was 7000 yuan / ton as of the 14th day, which was the same as the price of 7000 yuan / ton at the beginning of the week. The price of isooctanol in the field fluctuated at a low level. The operation of DOP device was stable, and the spot supply was sufficient. The DOP market price remained at a low level. The market of plasticizer industry is weak, DOP market quotation is 6800-7100 yuan / ton, the turnover of plasticizer in the market is reduced, and the downstream market is poor. Affected by bad luck, the domestic market price of phthalic anhydride drops slightly.

Generally speaking, under the background of severe epidemic situation, it is very difficult for fuel demand to fundamentally improve. Although the United States and Europe have recently introduced economic stimulus policies, most of them are monetary policies. Due to the particularity of the epidemic situation, it is difficult to solve the problem from the perspective of increasing money supply. In recent years, crude oil prices have risen in shock, but the domestic plasticizer industry is depressed, and the market price of phthalic anhydride falls slightly.

In the future, the domestic o-benzene price trend is mainly volatile, but the transaction price of plasticizer is not good, the plasticizer price has a downward trend, and the downward pressure of DOP market in the future market still exists. It is expected that the market price of phthalic anhydride will maintain a low level next week.

The domestic methanol market has been consolidated in a narrow range. According to the price monitoring of the business agency, the domestic methanol market price was 1640 yuan / ton at the beginning of the week and 1632 yuan / ton at the weekend, with a decrease of 0.46% during the week, a month on month decrease of 0.61% over the same period of last month, and a decrease of 21.89% over the same period of last year.

This week, the domestic methanol consolidation was narrow, the price fluctuation was not big, most downstream enterprises purchased on demand; the traditional downstream demand recovered slowly, environmental protection inspection affected the closure of some formaldehyde plants in Shandong, and the increment of methanol demand was limited.

In terms of industrial chain, formaldehyde: the market price of formaldehyde in East China remained stable, and the mainstream quotation of local enterprises was 920 yuan / ton. In recent years, the formaldehyde Market in East China is mainly stable, and the upstream methanol support is limited, showing a narrow downward trend. Downstream demand is general, formaldehyde prices are expected to fall mainly later.

Acetic acid: according to the monitoring of the bulk data of business agency, affected by the oversupply of market, the domestic acetic acid market continued to decline this week. As of August 7, the average price of acetic acid in East China was about 2516 yuan / ton, which was 3.82% lower than that of 2616 yuan / ton on August 3 at the beginning of the month. At present, there are 2400-2500 yuan / ton in Shandong, 2400-2500 yuan / ton in Jiangsu, 2550-2600 yuan / ton in Zhejiang, 2250 yuan / ton in Henan, 2550-2600 yuan / ton in Hebei and 2170 yuan / ton in Northwest China.

DME: in the first week of August, the strong situation of DME market completely disappeared, and it entered the downward channel again. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on August 1 was 2366.67 yuan / ton, and that on August 7 was 2243.33 yuan / ton, down 5.21% on the 7th, up 2.28% from July 1.

On the whole, methanol operating rate is still expected to rise in the later period, and the pressure on the supply side is not reduced. However, the methanol price has been at a low level, and the cost of methanol enterprises has been in a state of loss. The support from the cost side is obvious. Methanol analysts from the business community expect that the methanol market will continue to adjust in a narrow range next week.

According to the price monitoring data of business agency, as of August 7, the reference average price of domestic n-propanol including packaging in mainstream areas was around 11200 yuan / ton, which was increased by 300 yuan / ton or 2.80% compared with the price at the end of July. Compared with the price on July 1, the average price increased by 733 yuan / ton, or 6.57%. On July 29, the n-propanol commodity index was 100.63, flat with yesterday, down 0.59% from 101.23 (December 12, 2013), and 27.62% higher than the lowest point of 78.85 on November 05, 2015. (Note: period refers to December 1, 2013 to now)

In July, the domestic n-propanol market as a whole was stable and the operation was dominated

In July, the domestic market of n-propanol was stable as a whole, and some dealers adjusted their prices according to the narrow range of inventory, which had little impact on the overall market trend. Downstream demand is fair, n-propanol inventory is low, raw material support market mentality is good, the business offer is firm and stable.

The demand of lower reaches increased in August

In August, the overall inventory of the previous few days was low, the downstream demand was better than that at the end of July, and the shipment volume increased. The dealers mainly kept part of the inventory in the early stage, and the price remained stable. Until the 7th, the market price of n-propanol went with the market, and the quoted prices in many regions increased. The domestic market of n-propanol in Shandong Province increased slightly, and the ex factory price of n-propanol bulk water was 10700-11000 yuan / T At the end of July, it was higher than 200 yuan. The domestic n-propanol market in Nanjing is running smoothly, and the bulk water is around 10800-11100 yuan / T. in Nanjing Rongxin Chemical Co., Ltd., the normal operation of n-propanol production unit is normal, and the external offer of n-propanol is 11000 yuan / T (bulk water), and the price is the same as that at the end of July. Dealers in different regions still have reservation on the price. It is not easy to monitor the price. As a result, the specific negotiation situation may be different. There are differences in each region. The actual negotiation is the main one. The future market needs to wait and see the change of raw material price and shipment.

In terms of raw materials, in August, the external market of ethylene was stable and fell slightly. At present, on the 6th, the Asian ethylene market remained stable, with CFR Northeast Asia offering 775-785 USD / T and CFR Southeast Asia offering 710-720 USD / T. In the European ethylene market, the price quoted by FD in northwest Europe is 749-758 US dollars / ton, and CIF in northwest Europe is 690-698 dollars / ton. In the US ethylene market, FD US Gulf quoted us $343-361 / T. recently, the US ethylene market is mainly up slightly, and the demand is fair.

On crude oil, the US WTI crude oil futures market price fell on June 6, with the settlement price of main contracts at $41.95/barrel, down $0.24. Brent crude oil futures market price fell, the main contract settlement price to 45.17 US dollars / barrel, down 0.08 US dollars.

Production capacity of n-propanol in China from 2015 to 2019

In 2019, the output of n-propanol in China will be about 92000 tons, and the operating rate will be about 43%. Due to the double effects of long-term shutdown of some units and dumping of n-propanol from abroad, the overall operating rate of n-propanol industry in China has always remained at a very low level. In the future, it is hoped that with the implementation of the anti-dumping policy of the Ministry of Commerce, it will be improved.

The supply and demand of n-propanol will remain high in the future

At present, the atmosphere of supply and demand in the domestic n-propanol market has improved, and the shipment volume has increased compared with the previous period. According to the analysts of the propyl alcohol industry of the business association, the market of n-propanol is mainly at a high level in the short term. Under the favorable atmosphere of inquiry, the business operators have more confidence in the offer, which does not rule out the possibility that the quotations of the secondary market will rise slightly again.