Price Trend

According to the monitoring data of business associations, the latest domestic price of cyclohexanone was 8,233 yuan/ton as of September 4, which was 1.02% lower than that of the previous year and 34.13% lower than that of the previous year. The domestic market for cyclohexanone is slightly up.

II. Market Analysis

Products: Cyclohexanone market slightly upward, downstream chemical fiber demand is general, solvent market just need to purchase, market wait-and-see is strong, rarely heard of transactions. The mainstream offer of cyclohexanone in Shandong market is delivered in cash from 8300 to 8500, the mainstream offer in East China market is delivered in cash from 8600 to 8800, and the mainstream offer in South China market is delivered in cash from 8800 to 9000.

Industry Chain: Pure Benzene: The focus of pure benzene Market in East China is rising, with discussions in September at 5470-5520 yuan/ton, in September at 5500-5550 yuan/ton and in October at 5470-5490 yuan/ton. Holders offer high prices, low prices are hard to find.
Caprolactam: Caprolactam market continues to consolidate, pure benzene trend is relatively strong, PA6 slice Market small bid, but the terminal follow-up is still cautious. The main spot price of caprolactam liquid is 1210-12300 yuan/ton, which is accepted and delivered; the price of the northern part is 1170 yuan/ton, which is remitted to the factory; and the price of the solid market middleman is 12600-12700 yuan/ton, which is remitted to the factory.
3. Future Market Forecast

Cyclohexanone analysts at business associations expect the short-term cyclohexanone market to consolidate.

Price Trend

According to the price monitoring of business associations, the stabilization of potassium sulfate Market in August was the main local shock, and the market weakened at the end of the month. At the end of the month, the mainstream offer price of 50% granules in the potassium sulfate Market is about 3000-3100 yuan/ton.

II. Market Analysis

Products: In August, the price of potassium sulfate is stable and the trend is good. Mannheim’s operating rate is maintained at about 60%. The manufacturer has no sales pressure and some products are out of stock. By the end of the month, the market began to weaken, the mainstream factory quotation for 50% powder 2850 yuan, 50% particles 2950 yuan, 52% water-soluble powder 3000 yuan, price loosening, general sales. Generally speaking, the potassium sulfate market still has no obvious positive or negative factors, but the situation in the environment is also not optimistic, and the price is expected to show a trend of gradual and slow underground. On the export side, the export volume of potassium sulfate in the first half of the year is considerable, and the demand for tobacco fertilizer in the second half of the year is also predicted to be favorable for potassium sulfate.

III. Industrial Chain

Upstream: potassium chloride overall trading has not significantly warmed up, the downstream market is not good, the demand is not strong, the former and new units are general, the market continues to lack good demand, the supply side is loose, imports and domestic potassium touch bottom slightly adjustment. Autumn fertilizer delivery is limited and bullish, but the momentum for improvement is still insufficient.

Downstream: In autumn, the demand for main chlorine group in compound fertilizer production is reduced, and the new unit quantity of potassium sulfate is reduced, and the preferential promotion is expected to relax slightly.

IV. Future Market Forecast

Business analysts believe that potassium sulfate domestic sales of new single decreases, the market has no obvious positive or negative factors, demand expectations downward, price focus pressure, preferential space widening.

Price Trend

The domestic butadiene market continued to rise this week. Business Club monitoring showed that the domestic butadiene market price was 10043 yuan/ton at the beginning of the week, 10 217 yuan/ton at the weekend, 1.74% increase in the week, 1.74% maximum amplitude in the week, 14.94% rise in price and 24.14% decrease over the previous year.

II. Analysis of Influencing Factors

Product: This week, the domestic butadiene market has been boosting strongly. Last weekend, the high price of the external market boosted the offer. The increase of Huajin Pipeline Transport in North China led to the decrease of export. In addition, the high price of the external market sustained the increase of Sinopec’s supply price, and the market rose rapidly. During the week, due to the parking downstream of Qixiang and the increase of export in Fushun, the spot supply in North China was abundant, but the spot supply in East China was scarce. Some high-priced goods in North China were influxed and supplemented, and the spot market was high. Although the downstream synthetic rubber market has limited follow-up, and some just need high-price inquiry intention is not high, but there is no low-price supply in the market, some just need passive high-price replenishment. In terms of price, the delivery price of high-grade products in Shandong is 10700 yuan/ton, and the quotation in East China refers to 11000 yuan/ton, which is up 400-500 yuan/ton annually.

Enterprises: Sinopec East China and South China butadiene prices increased 300 yuan/ton to 1050-10600 yuan/ton; Liaotong Chemical Industry 130 tons of supply bidding for export, the base price increased 500 yuan/ton to 1020 yuan/ton, the trading range was 10210-10380 yuan/ton, the total volume in a week was only 130 tons; Fushun Petrochemical surplus was exported, the closing Wednesday trading range was in the closing Wednesday trading range. 9950-9960 yuan/ton, with a total turnover volume of 1050 tons in the cycle; Nanjing Chengzhi supplies Baling Petrochemical Company with part of its supply, and the plant is scheduled to stop for maintenance from September 1 to 7; Inner Mongolia Jiutai’s listing price is increased by 300 yuan/ton to 10500 yuan/ton, with actual single negotiation; Zibo Qixiang Shun-Butadiene Rubber Plant is parked within the week, butadiene is sold out entirely, and the price is raised by itself. Refer to 10600 yuan/ton.

Industry chain: downstream synthetic rubber, styrene-butadiene rubber, domestic butadiene-styrene plant start-up load of 4.8% this week, mainly due to Bridgestone and Nantong Shenhua plant shutdown: Tianjin Lugang, Hangzhou Yibang and Fuguo chemical styrene-butadiene rubber plant continue to stop; Jihua styrene-butadiene plant two-line operation and production; Zhejiang Weitai, Yangtze stone The chemical butadiene-styrene plant runs on the first line, the Shenhua Chemical Short Stop Overhaul, the Lanzhou Petrochemical butadiene-styrene plant runs on two lines, the Fushun Petrochemical Company maintains the low-load operation of the fourth line, the Bridgestone butadiene-styrene plant stops for a short time and disappears, and the Qilu Petrochemical butadiene-styrene plant Ru

Cis-butadiene rubber: This week, domestic high cis-butadiene rubber factory prices have been rising, the mainstream increase is 200 yuan/ton; domestic high cis-butadiene rubber mainstream factory prices rose to 1082-11000 yuan/ton range. The start-up rate of domestic high Shun cis-butadiene rubber plant is only around 45%, while Qixiang Tengda Shun-butadiene plant stops, and Dushanzi and Lande Shun-butadiene plant continue to stop and repair, so the start-up rate is still relatively low in the cycle.

3. Future Market Forecast

On the positive side, the external market is high, domestic manufacturers and tank yard inventory is low, and East China spot is partial. On the short side, the downstream rubber market has limited follow-up, high-price transactions are difficult to release, synthetic rubber profit pressure, overall load is expected to decline. Short-term sustained high prices boost the enthusiasm of downstream warehouse replenishment. Domestic and foreign manufacturers have good shipments and shortage of spot resources in East China. Although the current high prices are difficult to sustain volume trading, and the downstream synthetic rubber market is not strong enough to keep pace with the rise, in the short term, domestic supply still has some support, and manufacturers have low inventories to supply it. Price has obvious support, the market has no low-price supply replenishment expectations, business community butadiene analysts expect that next week the domestic butadiene market high finishing, it is recommended to pay attention to manufacturers’prices and volume.

Price Trend

According to the data monitored by business associations, the PP market in August was in a turbulent downward trend and prices were lower. As of August 30, the mainstream offer price of T30S by domestic producers and traders was around 8566.67 yuan/ton, a drop of 2.65% compared with the beginning of the month.

II. Cause Analysis

Upstream: As for propylene, the international crude oil market fluctuated sharply this month, with several sharp downturns, and then steadily rebounded, which had a phased impact on propylene. At present, there are some shortcomings. The profit margin of downstream factories is still acceptable, and purchasing enthusiasm is good. Acrylic acid prices have increased this month, but the overall downstream demand is general, more wait-and-see mentality, is expected to maintain stable operation in the near future or will have less impact on propylene; while propylene oxide prices have fallen after this month’s rise, which has little impact on propylene; n-butanol prices have increased continuously, rising as high as 4.69% in seven days. Good propylene market; at present, on-site inventory is tight, manufacturers have pressure on sales in the middle of the month, to ease at the end of the month, propylene prices are expected to rise in the near future.

Products: In August, the overall price of PP market has been lowered and the weakness has been adjusted. This month’s overhaul capacity was 348,800 tons, an increase of 37.43% over July’s 258,800 tons, and the investment of new equipment was not as good as expected. Cost support from propylene has decreased, downstream demand for PP is flat, the trading atmosphere is general, and the manufacturer has lowered the ex-factory price. However, the stock of raw materials on the demand side is low, and there may be a motive force for replenishment after the price falls. This month PP futures also shocked lower, suppressing the mindset of traders, near the end of the month traders multi-dimensional stable offer. Zhenhai Refinery (Sinopec East China) PP ex-factory price, drawing T30S quoted 8800 yuan/ton. Jiujiang Petrochemical (Sinopec East China) PP ex-factory price, drawing T30S offer for 8600 yuan/ton. Fushun Petrochemical (CNPC East China) PP ex-factory price, drawing T30S quoted 8300 yuan/ton. Daqing Petrochemical (CNPC Northeast) PP ex-factory price, drawing T30S quoted 8550 yuan/ton. Dalian Organic PP (CNOOC Northeast) ex-factory price, drawing T30S quoted 8400 yuan/ton.

3. Future Market Forecast

PP analysts believe that domestic PP prices tumbled in August, the upstream propylene weakened, and cost-side support weakened. The start-up rate of domestic polypropylene enterprises has declined, and there are many parking and maintenance devices. The downstream acquisition and purchase strategy is based on just-in-demand strategy. Demand continues to be weak and the trading atmosphere is flat. Distributors let profits go single. It is expected that PP trend will probably continue to decline narrowly in the near future.

Price Trend

According to the monitoring data of business associations, the domestic acetic acid market is running steadily at present, and the price of acetic acid varies greatly from region to region. The price quoted in Henan is about 3350/ton; in Shandong is about 3500-3600 yuan/ton; in Hebei is about 3550 yuan/ton; in Shaanxi is about 3200 yuan/ton; and in Jiangsu is about 3450-3550 yuan/ton. About RMB/ton; Zhejiang region offers about 3600-3700 RMB/ton; South China region delivers about RMB 3650-3750 RMB/ton.

II. Cause Analysis

Products: After the continuous sharp rise, the domestic acetic acid market is running steadily. The overall start-up rate of the industry is still low. The overall start-up rate is around 75%. There is a tight spot supply, and the enterprises have few stocks. Enterprises in North China have completed overhaul and are recovering one after another: Shaanxi extended 300,000 tons/year plant has resumed production, Hebei Jiantao 500,000 tons/year plant is resuming normal production, Tianjin Bohua Yongli 350,000 tons/year plant is returning to normal, Henan Long500,000 tons/year plant is still under overhaul, the supply situation in the field is gradually improving; The acetic acid Market in the eastern region has gradually stabilized, the market supply is tight, and the downstream market has strong resistance to the high-priced acetic acid in the region. At present, the industry pays more attention to the news of 1.2 million tons/year plant in Soap, Jiangsu Province, while the 500,000 tons/year plant in Huayi, Anhui Province is still under repair; the market in South China is strong, the market is tight, the downstream market just needs to be flat, and buy more. Be cautious.

Industry chain: In the upstream, the domestic methanol market has recently been shaken and adjusted, the demand side has been weak, and there is no favorable support in the short term. The average price is about 2024 yuan/ton, which is 32.45% lower than that of the same period last year. The domestic acetate and vinyl acetate industries are affected by the strong price of raw materials acetic acid, and continue to rise in the near future, but the downstream terminal needs. In general, there is a slight resistance to high prices; the domestic PTA market is vulnerable to shocks, with the overall start-up of about 95%, which is good for acetic acid price support, but the downstream polyester market holds a wait-and-see attitude, and is expected to maintain shocks in the short term.

International: This week, the acetic acid Market in North America has been running steadily, and downstream industries are mostly holding a wait-and-see attitude. At present, the price of acetic acid in Asia keeps rising, the supply of acetic acid in China is tight, and most Asian users are strongly opposed to the high price of acetic acid. At present, the demand for acetic acid in Europe has rebounded slightly, but as a whole. It’s still flat. The current quotation is around 650 euros/ton.

3. Future Market Forecast

Acetic acid analysts of business associations believe that the acetic acid Market in eastern China is stabilizing gradually and the downstream is just in need of leveling off. At present, the industry pays more attention to the news of 1.2 million tons/year plant in Thorpe, Jiangsu Province. Overhaul enterprises in North China have resumed production and supply-side tension has eased to a certain extent. Acetic acid enterprises in Northwest China have begun to bear pressure due to poor shipment. Down. It is expected that the domestic acetic acid price will remain high and firm in a short period of time, and the northwest region will be weak. The future market needs to pay attention to the start-up of enterprise production.