After the National Day holiday, affected by the surge of crude oil, the market was positive, and started the mode of pulling up for three consecutive days. According to the monitoring data of the business community, the average offer of domestic acetone market was 5750 yuan/ton on October 7 (i.e. the price before the festival), and 6325 yuan/ton on October 10, up 10% on the third day. The offer in the East China market is about 6100-6150 yuan/ton, the offer in South China is 6200 yuan/ton, and the offer in North China and surrounding areas of Shandong is 6400-6450 yuan/ton

Trend Chart of Average Acetone Market Price in Mainstream Regions of China

During the festival, crude oil futures rose sharply. As an important petrochemical product, acetone had a great impact from the macro perspective. After the holiday, the settlement price of the main WTI contract in the United States was 92.64 dollars/barrel, up 16.5% during the holiday. The settlement price of the main contract of Brent crude oil futures was 97.92 dollars/barrel, up 15% during the holiday. The expected tightening of oil supply is mainly due to the sharp production reduction of the Organization of Petroleum Exporting Countries and its allies (OPEC+) and the escalation of geopolitical conflicts. On October 9, Sinopec raised the listing price of acetone in East China by 500 yuan/ton to 6000 yuan/ton, Sinopec raised the listing price of acetone in North China by 400 yuan/ton to 6100 yuan/ton, and on October 10, Lihua Yiweiyuan raised the listing price by 200 yuan/ton to 6400 yuan/ton. The factory price rose again, and the profits of phenol ketone enterprises rose.

The market circulation supply is still tight. During the National Day, the import goods were delayed to arrive, and the port stock dropped to 20000 tons. The market circulation goods again entered a tense situation, and the supply of goods was concentrated in the hands of a few traders. The cargo holders were positive. In addition, acetone continued to rise before the festival, and some downstream companies had to stock up because of the impact of costs. After the festival, they had to purchase again, and the market activity rose again after the festival.

After the festival, the single up regulation of upstream pure benzene has strong support for acetone. Affected by the surge of crude oil during the holiday, the opening order of pure benzene was raised on the first day after the holiday. On the 10th, the mainstream transaction price in East China was 8250-8280 yuan/ton, while that in Shandong was 8300-8350 yuan/ton. After the continuous rise, many traders took profits and the increase slowed down. At present, Shandong is still strong, the local refinery has limited inventory, and downstream procurement is still good.

The downstream bisphenol A market fluctuated in a narrow range as a whole. Although the negotiation declined, it still remained at a high level. The market negotiation was at 15400-15600 yuan/ton. The downstream cost pressure continued to rise before the festival, and the demand decreased. The downstream epoxy resin and PC also declined as a whole, increasing their profit margin. The first auction after the festival fell significantly. At present, the mentality of both the buyer and the seller is more tangled, and the short-term narrow range adjustment of bisphenol A is mainly.

With the port replenishing in succession, and the purchase of high priced raw materials slowed down after the terminal just needed replenishing for a period of time, on the afternoon of the 10th, the market saw that the negotiation in East China was somewhat loose, and the intention of traders to ship increased, but other regions were still nervous, the market transaction volume was insufficient, and the transaction was average. The business agency expects the domestic acetone market to fluctuate in a narrow range, focusing on the actual orders on the market.

In the morning opening, Lihua Yiwei Yuan raised the price by 200 yuan to 6400 yuan/ton, which injected a boost into the market. In the case of strong concentration of supply, the traders kept pushing up, while the holders were more positive. The pushing up mood was strong. The inventory of some factories before the festival was average, and the inquiry after the festival was active. They paid attention to the actual orders on the market.

The offer of acetone in major mainstream markets in China today is as follows:

Region, quotation, rise and fall

East China., 6100., 0

Shandong, 6420., 170

Yanshan Prefecture., 6400., 160

South China, 6300., 100

Trend Chart of Average Acetone Price in National Mainstream Market

Influenced by the continuous upward trend of crude oil during the holidays, the price of acetone rose by 150-200 yuan/ton on the first trading day after the National Day. The concentration of goods supply is strong, the attitude of the goods holders is relatively positive, and the sentiment of pushing up is strong. Before the festival, some factories have not had a large number of stocks in the market. After the festival, there is a demand for terminal factories to enter the market for replenishment. The market negotiation activity has increased, and the market focus has risen rapidly.

The offer of acetone in major mainstream markets in China is as follows:

Region, quotation, rise and fall

East China., 5750., 200

Shandong Province., 5950., 50

Yanshan Prefecture., 5950., 50

South China., 5900., 150

According to the price monitoring of the business community, the average price of sulfur in East China was 1500.00 yuan/ton on October 8, 4.26% higher than that before the National Day, and the market was stronger.

The downstream sulphuric acid market rose, the market operating rate decreased compared with the previous period, the enterprise quotation increased, the ammonium phosphate market consolidated and operated, and the market procurement followed up as needed. The downstream market was stable and good, and the support for the sulfur market was strengthened. The downstream sulfur procurement was active in Shandong, and the refinery shipment was smooth. The enterprise quotation increased according to its own shipment situation, the port supply was tight and the market was firm, and the industry had a good mentality support, It is expected that the sulfur market in the short term will wait and see the consolidation and operation, and pay attention to the downstream follow-up.

According to the data monitoring of the business community, the polyacrylamide commodity index on September 30 was 94.53, unchanged from yesterday, down 15.23% from the highest point of the cycle, 111.51 (2021-11-03), and up 14.04% from the lowest point, 82.89, on August 2, 2020. (Note: Period refers to April 1, 2019 to now)

Commodity market: According to the data monitoring of the business community, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in the domestic market in late September was basically stable, mainly reporting about 15471.43 yuan/ton. The water treatment plants in the main production areas in China had normal production and sufficient inventory in the last ten days, while the downstream demand had little change, the cost of raw materials fell back, and the overall market of polyacrylamide was relatively stable.

Raw material acrylonitrile: according to the data of the business community, the domestic acrylonitrile market continued to be strong in late September. Among them, the domestic market reported 8900 yuan/ton on the 21st and 9870 yuan/ton on the 30th, up only 0.41% this decade. The industrial supply increased slightly in a stable way, but the demand and cost were supported, and the offer of merchants was stable in the early upward phase and later; The analysis shows that, on the one hand, there is still pressure for new production of acrylonitrile in the later stage, and on the other hand, the cost and demand continue to support; Acrylonitrile market is expected to consolidate at a high level in the later period.

Raw acrylic acid: according to the data of the business community, the quotation of acrylic acid in East China in late September decreased slightly from 833.33 yuan/ton to 8500 yuan/ton, down 2.67% this decade. The market is stable and weak, and the cost pressure still exists, but the demand side is flat, and the buying is average, so the early inventory is more digested. With regard to the future market, the cost support still exists, the holidays are approaching, the downstream customers have basically completed their stock preparation, and the market trading atmosphere is stable. It is expected that the acrylic acid market will be mainly stable in the short term, so more attention should be paid to the changes in market news.

LNG for production. According to the data of the business community, the market price of LNG rose 1.79% in late September. The average price on the 21st day was 6828 yuan/ton, and the average price on the 30th day was 6950 yuan/ton. Although there were downward fluctuations during this period, the price continued to rise 10.6% from the 23rd to the 28th of this ten day. Near the National Day holiday, due to transportation considerations, a large number of downstream replenishment. There was a strong buying atmosphere on the floor, and the rising trend continued. With the maintenance of the Sino Russian pipeline, the on-site supply is reduced. It is expected that the domestic LNG price trend will continue to rise in the short term.

Future market forecast: Polyacrylamide manufacturers in the main production area are operating normally, with sufficient inventory and stable downstream demand. The logistics of chemicals during the holiday is limited, resulting in a slight concentration of orders in the days before the holiday, but the overall price changes little; It is expected that the demand will remain stable after the festival, and the polyacrylamide market will remain stable mainly in the case of small changes in raw material costs.