According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province was downgraded this week (8.25-8.29), with an average market price of 17300 yuan/ton at the beginning of the week and 17400 yuan/ton at the end of the week, a decrease of 0.57%.
In the last week of this month, due to insufficient demand follow-up and weak performance in the raw material market, the magnesium market showed a narrow consolidation trend at the end of the month. Some factories have lowered prices slightly to win orders due to the need to recoup funds.
This week, under the dual influence of a slight weakening of the market situation and buyers’ mentality of “buying up instead of buying down”, downstream buyers are cautious and mainly focus on meeting rigid demand for procurement. Those users who are not in a hurry to restock temporarily choose to carefully observe market trends.
Supply and demand side
On the supply side, the overall inventory level of magnesium smelting enterprises remains at a low level, which has not put significant pressure on their cash flow. Based on this background, coupled with the generally positive expectations and optimistic attitude of enterprises towards the upcoming market situation in September, they believe that market demand is expected to increase or there is upward space for prices. Therefore, these enterprises appear relatively firm in their sales strategies, and their willingness to actively reduce prices to promote sales is not strong.
In terms of demand, influenced by the mentality of “buying up instead of buying down”, downstream markets have adopted a certain wait-and-see attitude, resulting in a corresponding decrease in procurement volume.
Raw material end
The market price of coal has experienced a slight decrease, while the price of blue charcoal has remained relatively stable, and the price of ferrosilicon has also remained stable, resulting in a slight reduction in overall costs.
comprehensive analysis
From the analysis of supply and demand, the current market demand is weak and lacks strong demand as support, so it is expected that the momentum for the recovery of the magnesium market will be insufficient in the short term. However, given the overall low inventory of factory spot goods and the continued support of rigid demand for the magnesium market, it is relatively difficult for magnesium prices to further decline. The magnesium market may show a weak and stable consolidation trend next week.

According to the price data from Shengyi Society, as of August 28th, the average selling price of PET is 5980 yuan/ton, with weak performance in the first and middle of the year: the market performance is weak, and prices are under pressure to decline. In the latter half of the year, the decline stopped and stabilized, with a slight rebound: as the PTA raw material market was boosted by news of unexpected equipment maintenance, cost support increased, and bottle prices tentatively rose. However, the downstream has limited acceptance of high prices and weak willingness to chase after them, resulting in limited price increases and an overall volatile trend.
Cost side: Due to the rebound in crude oil prices in some parts of August, the cost side of polyester bottle chips has been supported. Although factors such as OPEC+production expectations have led to an overall decline in crude oil prices, fluctuations in crude oil prices will drive changes in upstream raw material prices, which in turn will affect the cost of polyester bottle chips and provide some support for prices. And the early aggregation cost has decreased, and the bottle processing fee has been repaired. Although the production gross profit is still negative, the factory has a strong willingness to raise prices, which has a bottom line effect on prices.
The supply side has contracted: Faced with demand pressure and low profits, mainstream producers have maintained a production reduction strategy. This has maintained the weekly operating rate of the industry at 70.9%, controlled the supply to a certain extent, and provided bottom support for processing fees and prices.
Demand side: August is the peak season for soft drink consumption, which has a certain driving force on the demand for polyester bottle chips. At the same time, large factories have reduced production of bottle cutting equipment, slowly reducing inventory, maintaining a weekly operating rate of 70.9%, and stabilizing the available days of inventory in the factory, resulting in a relative decrease in market supply and supporting processing fees, which to some extent reflects price advantages. Hold on.
Inventory pressure remains: Despite production reduction measures, the available days of inventory in the polyester bottle chip factory remain at a relatively high level of 16.97 days. The sustained suppression of price rebound by high inventory indicates that the market supply-demand balance still needs time to improve.
Overall, looking ahead to September and the short term, the polyester bottle chip market is expected to continue its volatile pattern, and is expected to be affected by both the cost and supply sides, showing a fluctuating upward trend. There is some support on the cost side, and the reduction in production by major factories continues to deplete inventory, with an expected price range of 5900-6050 yuan/ton.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7433 yuan/ton on August 20th and 7451 yuan/ton on August 27th, an increase of 0.25%. LDPE (2426H) had an average price of 9616 yuan/ton on August 20th and 9633 yuan/ton on August 27th, an increase of 0.17%. On August 20th, the average price of HDPE (2426H) was 8000 yuan/ton, and on August 27th, the average price was 8000 yuan/ton, with the quotation remaining unchanged.
Recently, the polyethylene market has been mainly operating in a narrow range, with limited upward potential. On the supply side, as the end of the month approaches, spot resources will decrease and pre-sales will increase. On the demand side, it is transitioning from the off-season to the peak season, and the demand has improved. The operating rate of the agricultural film industry has rebounded, but after the market rebound, the follow-up of transactions is cautious, limiting the upward space of prices. On the cost side, international crude oil futures closed down on August 26th, with loose support on the cost side. The policy provides certain support for the bottom of polyethylene.
Short term supply pressure has eased to some extent; September is about to enter the peak demand season; Domestic policy support; Cost support is loose, and it is expected that polyethylene will mainly experience strong fluctuations.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic polyester staple fiber has been fluctuating upwards recently. As of August 26th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6585 yuan/ton, an increase of 1.73% compared to August 20th.
The positive support from the cost side has strengthened, and as of August 25th, the settlement price of the October WTI crude oil futures contract in the United States was $64.80 per barrel, while the settlement price of the October Brent crude oil futures contract was $68.80 per barrel. The PTA plant in East China has been shut down for maintenance, and the supply balance sheet has been reduced to expand inventory. The focus of spot prices has strengthened. As of August 26, the average market price in East China was 4922 yuan/ton, an increase of 4.28% from August 18.
The price of raw materials has risen, and the wait-and-see atmosphere in the downstream yarn market has increased. Market transactions are still average, and prices remain stable. Among them, the price of Changle T32S remained stable around 10350; Vortex spun polyester yarn T30S sold at 10400. The demand for terminal orders is difficult to improve in the short term, and the main focus is on stocking raw materials for urgent needs.
Business analysts believe that, driven by cost support, the overall atmosphere of the industrial chain is still acceptable. The traditional peak season for “Golden September” textile is approaching, and the market inquiry atmosphere will gradually become active. Therefore, overall, the market price of polyester staple fiber still shows a strong trend.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene fluctuated slightly and rose this week. On Monday, the price of pure benzene was 6145.33 yuan/ton, and on Friday it was 6272 yuan/ton, with a price increase of 0.43% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has slightly increased today. Yesterday, international crude oil futures closed higher, and the trading atmosphere in the pure benzene market improved due to its impact. Refineries and traders reported strong trading. However, frequent updates on downstream device maintenance may affect future demand, and there is a lack of follow-up on essential needs, resulting in limited overall price increases.
Downstream aspects
3、 Future forecast
Crude oil futures: On August 21st, international crude oil futures continued to rise. The settlement price of the October WTI crude oil futures contract in the United States was $63.52 per barrel, an increase of $0.81 or 1.3%. The settlement price of Brent crude oil futures for October was $67.67 per barrel, an increase of $0.83 or 1.2%.
Foreign pure benzene: On August 21st, FOB Korea rose by 4 to 736 US dollars per ton, and CFR China rose by 3 to 751 US dollars per ton. FOB Rotterdam has increased by 2 to 671 US dollars per ton, while FOB US Gulf has increased by 5 to 265 US cents per gallon.
Overall expectation: The pure benzene market is expected to experience slight fluctuations in the short term, with cautious trading. Observe the cost and demand side news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.