I. price data:

II. Trend analysis

Price: according to the data monitoring of business agency, after the second round of increase of 50 yuan / ton, the domestic coke market is stable and stronger. At present, the mainstream price of secondary metallurgical coke in Shanghai is 1880 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1950 yuan / ton; the mainstream price of secondary metallurgical coke in Xuzhou is 1850 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1920 yuan / ton; the mainstream price of secondary metallurgical coke in Weifang, Shandong Province is 1800 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1850 yuan / ton; the mainstream price of secondary metallurgical coke in Taiyuan, Shanxi Province is 1700 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1700 yuan / ton The mainstream price of metallurgical coke is 1750 yuan / ton; the mainstream price of secondary metallurgical coke in Mudanjiang, Heilongjiang is 1790 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1850 yuan / ton; the mainstream price of secondary metallurgical coke in Shenyang, Liaoning is 1820 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1880 yuan / ton; the mainstream price of secondary metallurgical coke in Pingdingshan, Henan is 1810 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1900 yuan / ton; Tangshan, Hebei Province The mainstream price of secondary metallurgical coke is 1790 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1840 yuan / ton; the mainstream price of secondary metallurgical coke in Tianjin is 1800 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1900 yuan / ton; the mainstream price of secondary metallurgical coke in Panzhihua coke market in Sichuan is 2030 yuan / ton; the mainstream price of secondary metallurgical coke in Liupanshui coke market in Guizhou is 2270 yuan / ton; the mainstream price of secondary metallurgical coke in Ordos coke market The main price of metallurgical coke is 1450 yuan / ton. The port trades about 2050 yuan / ton of primary metallurgical coke, 1950 yuan / ton of quasi primary metallurgical coke and 1850 yuan / ton of secondary metallurgical coke.

Products: after the second round of increase of 50 yuan / ton of coke price, influenced by environmental protection, production restriction and capacity reduction, the supply of domestic coke spot market has declined, the market mentality is more optimistic, some coke prices are reluctant to sell; in the downstream, the recent demand of steel mills is stable, some steel mills have the demand for replenishment, and the rest are mainly rigid, which supports the coke price stably.

Industry: according to the price monitoring of the business agency, on December 9, 2019, there were seven commodities in the list of commodity prices rising and falling, among which Brent crude oil (1.58%), petroleum coke (1.36%) and WTI crude oil (1.32%) were the top three commodities. There are two kinds of commodities falling on a month on month basis, the first two products falling are liquefied natural gas (- 4.28%) and fuel oil (- 0.18%). The average price of this day is 0.15%.

III. future forecast

According to the coke analysts of the business club, the domestic coke market is relatively stable and strong at present, and some steel mills have accepted the increase of coke price. With the production restriction of the coke market and the process of replenishment of steel mills, the coke market is expected to be stable and positive in the short term.

According to statistics, the price trend of phthalic anhydride in China is stable. As of December 9, the price of phthalic anhydride from o-phthalic acid process is 6312.5 yuan / ton, and the recent price trend of o-phthalic anhydride market is mainly stalemate.

I. price trend:

According to the data of the bulk list of business agencies, the ABS market rose slightly in early December, while the spot price in the domestic market rose narrowly. As of December 6, the main offer price of general-purpose ABS was about 13250.00 yuan / ton, up 1.53% from the beginning of the month.

II. Analysis of influencing factors:

Industry chain: ABS upstream, domestic styrene market slightly explored. In recent days, crude oil and bulk commodities rose steadily and rebounded, driving the market to open higher, and styrene market rebounded. The international prices of raw materials such as ethylene and pure benzene increased slightly. In the downstream, PS, the price fluctuates in a narrow range, and the downstream factories are not willing to prepare goods. Most transactions are based on small orders. In terms of EPS, the price is stable, the downstream replenishment intention is poor, and the overall transaction atmosphere is general. Styrene gradually entered the off-season, the enterprise multi-dimensional rigid procurement, general demand performance. Recently, a large number of imported styrene arrived at the port due to the early channel blockade and the subsequent continuous arrival of imported goods. Recently, the styrene inventory in East China rose, bringing resistance to the rebound of the domestic styrene market. On the whole, it is expected that styrene price rebound this week will be limited, while in the short term, it is still bearish and the price will be consolidated;

In the near future, the spot market of acrylonitrile related products has been warmer, the supply of goods in the field has been reduced, the mentality of traders has been supported, and the offer is firm and partially higher. Although the downstream wait-and-see atmosphere is the mainstream, but near the logistics outage, the factory has a certain demand for goods. The acrylonitrile market is expected to rise slightly in the short term;

Butadiene supply price is stable, the market is weak, the information surface guidance is limited, the downstream inquiry continues to be cold, and the offer changes little, mainly wait-and-see. The price of the outside market remained stable. In terms of market, the butadiene market in East China continued to be cold, with low enthusiasm for downstream procurement, limited market turnover, real single negotiation and price consolidation. The butadiene market in Shandong Province has limited changes and stable supply and demand. There is no obvious guidance on the news. The business is mainly waiting and the transaction is cold. The domestic offer price of SBR in the downstream increased slightly, and the operators were cautious. In some areas, the buyer had the behavior of price reduction, but the transaction was not much. Domestic br market is stable. The price offered by the merchants is stable, and the intention of low price shipment is not high. The inquiry atmosphere in the field is flat, and sporadic buyers enter the market for inquiry, and the volume of spot trading is small. There is not much spot circulation in the butadiene market, but the demand continues to be cold and the supply and demand remain stagnant. In the short term, the domestic butadiene market may maintain stable consolidation;

3. Future forecast:

Business analysts believe that: in early December, the ABS market maintained a positive trend, the offer was warm, and the spot prices of various brands rose differently. The cost side of the upstream three materials continued to be adjusted in November, which has certain support for the cost side. On the demand side, it is close to the logistics outage, and there is another news that dangerous chemicals are restricted. Measures such as strict inspection of freight vehicles have resulted in tight logistics and rising costs. The price inquiry of downstream factories has been improved to some extent, but it is still dominated by just in need replenishment. Merchants’ mentality is stable for the time being, and the delivery is based on the market. It is expected that the domestic ABS market will continue to be more positive in the near future. It is suggested to pay close attention to the supply side trend.

I. price trend

The domestic BDO market is in a strong operation. According to the sample data monitored by the business association, as of December 5, the average price of the domestic BDO market was 9780 yuan / ton, up 2.73% month on month, down 7.74% year on year.

II. Market analysis

Products: the domestic BDO market is in a strong operation, the spot supply is limited, the firm price intention of the factory is high, the quotation is high, the downstream small single enters the market, which mostly contradicts the high price, and the market negotiation atmosphere is relatively stalemate. At present, some of the devices have not produced products after the maintenance, and the spot supply is not large. With the support of the factory’s market mentality, some small single negotiations tend to be high-end, and the focus of actual single delivery is stable and moving up. The factory has no final conclusion on the matter of marketing control, most of which have not been signed for a long time next year. The downstream is waiting for the clear news, and the operators are also cautious to wait and see.

In terms of the market, the BDO market in North China was in a high-level consolidation, and the factory had a strong attitude towards the market. The downstream just needed to make up the position. The buying enthusiasm was low, and the resistance to high prices was strong, and the on-site waiting atmosphere was strong. The BDO market in East China was narrowed and the on-site start-up load was slightly increased. However, the factory inventory was not under pressure, and the intention to support the market continued. The offer from the middlemen was stable, the downstream demand was general, the price depression was strong, and the on-site small single negotiation price was on the high side. The BDO market in South China was in shock and consolidation, the downstream demand was weak, the buying enthusiasm was low, the factory’s intention to keep the price was high, the price was low, and the atmosphere of large single negotiation was relatively cold.

Industrial chain: in terms of raw materials, methanol, the inventory of local upstream enterprises in the mainland increased this week, local arbitrage closed, and the enterprise mentality weakened. Downstream enterprises are cautious in receiving goods, and most traders wait and see. Due to the influence of gas limitation, the gas head devices in southwest and other places are gradually stopped, and the port continues to drop to the reservoir. The mentality of the operators is supported. In the short term, methanol market in China is dominated by narrow range finishing.

Calcium carbide: it is expected that the mainstream of calcium carbide market will keep stable operation, and the market will enter the de stocking stage. Affected by the pressure of profit and loss, the start-up of gas enterprises is at a low level, but the downstream demand is expected to increase in December, so the current calcium carbide furnace with load reduction and shutdown is ready to move. The roads in Wumeng area are gradually restored, the arrival of goods in Hebei area is on the rise, and the enterprises are mainly stable. Cangzhou area recently began to purchase calcium carbide, the demand has increased, aggravating the market wait-and-see. It is expected that with the acceleration of de stocking speed in Wuhai area, the market inflation mentality will increase, and local enterprises will rise in a narrow range.

III. future forecast

On the whole, on the positive side, the manufacturers are willing to support the market, and some of them are under maintenance. On the negative side, downstream demand is weak. BDO analysts predict that in the short term, the domestic BDO market will be narrowed, with specific attention to the restart of Tianye and downstream buying.

According to the monitoring of the business agency: since November, the hydrogen peroxide market has entered a cold winter, falling to the bottom, and the price has dropped nearly 15%. In December, the market still did not improve. As of December 4, the average price of hydrogen peroxide was 1170 yuan / ton, down 20.23% from the beginning of November, and the decline was further expanded to more than 20%.

market analysis

From November, the terminal performance was poor, the hydrogen peroxide manufacturer started to work at full capacity, the supply exceeded the demand, the price of hydrogen peroxide continued to fall, the market continued to be depressed, until December, the price was still exploring, the average price fell below 1200 yuan / ton. As of December 4, the quotation of hydrogen peroxide in each region is as follows:

Shandong: Shandong Chemical Industry Co., Ltd. has 27.5% hydrogen peroxide of 1120 yuan / ton; Shandong Haineng has 27.5% hydrogen peroxide of 1240 yuan / ton; the price is 40-80 yuan / ton lower than that in early December.

Hebei Province: the ex factory price of 27.5% hydrogen peroxide in Zhengyuan fertilizer industry fell to 1150 yuan / ton, 150 yuan / ton lower than that in early December.

Anhui Province: the price of 27.5% hydrogen peroxide in Quansheng, Anhui Province is 1250 yuan / ton, 50 yuan / ton lower than that in early December.

Hunan: Hunan Shuangyang 27.5% hydrogen peroxide price is 1300 yuan / ton; the price is the same as that in early December.

Zhejiang: Hangzhou Mingxin 27.5% hydrogen peroxide quoted 1400 yuan / ton, 100 yuan / ton lower than the price in early December.

Industry chain: terminal caprolactam continued to fall sharply, down nearly 10%. Due to the poor market of raw material cyclohexanone, sluggish market of terminal PA6, loss of caprolactam, negative reduction of production by manufacturers, continuous drop of price, continuous sharp drop of downstream caprolactam, sluggish demand for hydrogen peroxide by manufacturers of caprolactam, high operating rate of their own, oversupply, difficult to find the bottom of the price of hydrogen peroxide, and continuous bottoming.

Outlook for the future

Hydrogen peroxide analysts of the business club think: in December, hydrogen peroxide still has a downward trend, terminal demand is difficult to change in a short period of time, and oversupply or will continue. The price of hydrogen peroxide in the future is weak and weak.