According to the data monitored by the business community, at the beginning of the week, Shanxi’s industrial first grade potassium nitrate was quoted at 6075.00 yuan/ton, and at the weekend, Shanxi’s industrial first grade potassium nitrate was quoted at 5875.00 yuan/ton, down 3.29%, and the price rose 0.86% year on year.

potassium nitrate

This week, the domestic potassium nitrate market was in shock and consolidation. It can be seen from the figure above that the potassium nitrate market declined in the past two months, and this week the market continued to fall. Recently, the domestic potassium manufacturers have started to operate more units than in the early stage, and the inventory in the plant is sufficient. The downstream demand is not good, and the purchase of just needed goods is maintained. The potassium nitrate shipment is not smooth, and the market is down. According to the statistics of the business society, the domestic mainstream potassium nitrate manufacturers quoted 5600-5900 yuan/ton this week (the quotation is for reference only), and the quotation varies according to the procurement situation.

Recently, the domestic market price of imported potassium chloride has fallen, the supply of potassium chloride is abundant, and the market turnover is poor. At present, the sales price of 60% domestic potassium crystals in the market is 3450-3800 yuan/ton. The price of 57% powder in Qinghai small factories is 3100-3200 yuan/ton, and the price of 62% Russian white potassium in border trade areas is 3300-3400 yuan/ton. The price of 62% white potassium at the port is 3600-3750 yuan/ton. The price of large particles at the port is mostly 3550-3650 yuan/ton, and the price of 60% red powder is 3800-3850 yuan/ton.

In the near future, the overall trend of domestic potash fertilizer market is weak, the supply of potassium chloride exceeds the demand, and the cost support is poor. It is expected that the price of potassium nitrate will fall mainly in the short term, while the long-term market still needs to wait and see.

On the cost side, crude oil continued to fall, the downstream product market was weak, the market discussion was light, the negative atmosphere in the pure benzene market was suppressed, and the price was weak. Today, the domestic price of pure benzene is 6950-7050 yuan/ton.

The Dongying Huatai plant has been restarted. At present, the parking devices in the site have been restarted successively, and the aniline supply in North China has increased significantly. Downstream profits are poor, and the follow-up to high priced aniline is weakened. Today, the price of aniline in North China fell broadly to promote shipment, while the contract in East China was dominated by a limited decline.

1、 Trend analysis

According to the nickel price monitoring of the business community, the average price of nickel in the spot market on August 8 was 194000 yuan/ton, down 0.21% from the previous trading day and up 34.58% year on year.

The surge in inflation and interest rate hikes weakened the demand for metals, and Luni closed down 1.76% overnight. Due to poor property market data, the turnover of stainless steel inventory turns weak, the demand for ferronickel is weak, and the inquiry price is scarce. It is expected that spot nickel will fall this year. At present, the supply of goods is still stable, and the decline of spot premium will be postponed due to the weakening of the market; However, due to the fact that the actual demand has not been greatly followed up, the market activity is generally low, which continues the pressure on some merchants to ship. It is expected that nickel price will continue to fluctuate widely.

1、 Price trend

As can be seen from the figure above, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 7033.33 yuan/ton at the weekend to 6833.33 yuan/ton at the weekend, down 2.84%. On November 6, the isobutyraldehyde commodity index was 34.69, unchanged from yesterday, down 67.14% from the cycle’s highest point of 105.58 (2021-09-16), and up 15.17% from the lowest point of 30.12 on October 7, 2022. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of mainstream isobutyraldehyde manufacturers fell slightly this week.

From the perspective of upstream and downstream industrial chains, the propylene market of isobutyraldehyde upstream raw material market fell slightly this week, with the price dropping from 7340.60 yuan/ton at the end of last week to 7000.60 yuan/ton at the end of this week, a decline of 4.63%. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol fell slightly, from 10066.67 yuan/ton at the end of last week to 9633.33 yuan/ton at the end of this week, down 4.30%. Neopentyl glycol market fell slightly and downstream demand weakened, which had a negative impact on isobutyraldehyde.

3、 Future market forecast

The market trend of isobutyraldehyde in the middle and late November may fall slightly. The upstream propylene market declined slightly, and the cost support was insufficient. The market of neopentyl glycol in the downstream fell slightly, and the enthusiasm for downstream procurement weakened. The isobutyraldehyde analysts from the business community believe that the short-term isobutyraldehyde market may be subject to slight shock and decline under the influence of supply and demand, raw materials and other aspects.

Price trend

At the beginning of November, the domestic PA66 market was operating at a high price. According to the data monitoring of the business community, the average ex factory price of domestic PA66 was 25250 yuan/ton on October 30 and 25250 yuan/ton on November 5, with a weekly increase or decrease of 0% and -36.88% compared with the same period last year.

Cause analysis

At the beginning of November, the price of PA66 was generally stable, but the market eased. The upstream raw material market is generally strong, and the cost side of PA66 is strongly supported. In terms of industry operating rate, PA66 enterprises were continuously affected by the tight supply of raw materials in the early stage, the industry load was limited, and the spot supply in the market was tight, but the inventory has increased recently. In terms of the port, the inventory position is acceptable, and the arrival of overseas goods is average. In terms of demand, the current terminal enterprises prefer to maintain production just because they need to follow up on goods. The traditional peak season volume was less than expected, while the enthusiasm for downstream goods preparation is further reduced, and the resistance to high price goods is strong. The shipping speed of the merchants slowed down, and the goods in the yard were not smooth.

Future market forecast

At the beginning of November, the spot price of PA66 was stable and weak. The raw material side market remained strong, and the cost side support of PA66 was fair. The load of PA66 enterprises is low, the enterprise’s shipment is stable, and the overall inventory position is rising. The demand side just needs to follow up the goods slowly, and it is expected that PA66 will weaken in the short term due to the lagging consumption.