1、 Price trend

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price has been rising continuously in recent five days, with a low price of 7735 yuan / ton on Thursday (December 3), a high price of 8095 yuan / ton today (December 7), and an increase of 4.66% on the fifth day.

2、 Analysis and comment

According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. From the end of the month to the beginning of the month, the price remained stable again. On the 4th, the overall upward trend began. On weekends, the market continued to rise by about 100 yuan / ton. At present, the market turnover rose to 8050-8200 yuan / ton, and the mainstream price was about 8050 yuan / ton. In the early stage, some manufacturers temporarily stopped propylene plant, but production has not been resumed. Now, the manufacturer’s inventory is not under pressure, and the shipment situation is good.

On December 4, crude oil prices continued to rise slightly, which had a slightly positive impact on propylene.

In the past five days, the spot price of PP stabilized after a small decline, with a decrease of 0.38% in the five days. The futures market is relatively ideal and has a limited impact on propylene.

In recent five days, the market of acrylic acid remained stable, and had no impact on propylene.

Propylene oxide market rose slightly in recent five days, with an increase of 0.58% in the five days. However, it had a significant downward trend on December 1, with a one-day drop of 3.74%, so it may have a slight negative effect on propylene.

Epichlorohydrin has declined in recent five days, with a decrease of 3.14%, which has a slightly negative impact on propylene.

In recent five days, the domestic price of n-butanol rose slightly and then fell back, with a decrease of 0.37% and a 5-day amplitude of 1.45%, which had a limited impact on propylene.

In recent five days, octanol market rose significantly and then stabilized, with a 5-day increase of 4.90%, which had a positive impact on propylene.

In recent five days, isopropanol market rebounded after a small decline, with a decrease of 0.35% and a five-day amplitude of 0.70%, which had little impact on propylene.

In the past five days, phenol in East China declined slightly and then stabilized, with a decrease of 0.29% on the fifth day, which had no significant impact on propylene.

In recent five days, acetone in East China stabilized after a sharp decline, with a decrease of 6.08% on the fifth day, which had a more obvious suppression effect on propylene.

3、 Future forecast

The propylene analysts of the chemical branch of the business society believe that: in a comprehensive view, the existing propylene manufacturers have stopped production, with less inventory and smooth shipment. The crude oil price has risen, and the downstream market is general. Some downstream operating rates have slightly increased, and the polypropylene futures market is fair. Therefore, it is expected that the price of propylene may continue to rise in the near future due to limited propylene production and favorable crude oil.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the price of domestic sodium pyrosulfite continued to be weak and adjusted this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1750.00 yuan / ton, and the average price at the weekend was 1700.00 yuan / ton, with a decrease of 2.86% during the week.

2、 Market analysis

This week, the overall market performance of sodium metabisulfite market was average. Affected by the continuous fall of raw material cost, some enterprises have reduced the factory price of sodium pyrosulfite in succession in December. The market price range of industrial sodium pyrosulfite is 1550-1750 yuan / ton, and most prices are concentrated in 1600-1700 yuan / ton. The production of the enterprise is stable, and the inventory is maintained at about 30%. The enterprise mainly completes the orders of old customers, but the increase of new orders is limited. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

This week, the price of domestic soda ash decreased by 5.33% again, and the price of sulfur rose by 3.48%. Generally speaking, the cost of upstream raw materials continued to decline, and the cost of raw materials was lowered again, and the market price of domestic sodium pyrosulfite market was adjusted accordingly.

3、 Future forecast

Business analysts believe that the upstream raw material prices continue to fall, the downstream trade entities’ wait-and-see attitude increases, and the overall market price of sodium metabisulfite is under pressure, and it is expected that there is still some room for decline in the future.

1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

Recently, the acrylic acid market has been running steadily, with a steady rise on December 3. As of December 3, the average price of acrylic acid quoted in East China was 9500 yuan / ton, up 6.34% compared with last Thursday (November 26) and 1.38% lower than that on November 3, according to the data from the bulk list of business agencies.

Recently, the price of raw material propylene is high, and the cost support is strong. It is reported that the spot supply of the market is limited, the enthusiasm of downstream inquiry is general, and the market transaction is on demand. The focus of acrylic acid price negotiation is steadily rising.

Upstream propylene, on December 2, the market price of propylene in Shandong continued to be stable. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. At the end of the month, the price was stable again, and it is still stable today. The transaction volume in the market is still between 7550 yuan / ton and 7900 yuan / ton, and the mainstream price is between 7650 yuan / ton and 7700 yuan / ton. Now the factory stock is small, the shipment situation is good.

The commodity price index of propylene and acrylic acid on December 2 was 118.75, flat with yesterday, down 45.67% from 218.56 (2020-04-13), and 27.30% higher than the lowest point of 93.28 on November 06, 2012. (Note: period refers to 2012-01-01 to present)

3、 Future forecast

Acrylic acid analysts from the business community believe that the price of raw material propylene is high in the near future, the cost support is strong, and the atmosphere of downstream inquiry and purchase is not so good. It is expected that in the short term, the acrylic acid market will be mainly organized and operated at a high level, and more attention should be paid to market information guidance.

According to the data monitored by the business agency, the domestic PP market was positive in November, and the spot prices of various brands increased significantly. As of December 1, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 9066.67 yuan / ton, which was 11.25% higher than the average price level in early November.

Cause analysis

In terms of propylene upstream of PP, the domestic propylene (Shandong) market price fluctuated steadily in the first ten days of November, and showed a straight-line upward trend in the last ten days, according to the data of the business club’s bulk list. At the beginning of the month, the monthly low price was 6737 yuan / ton, while at the end of the month, the monthly high price was 7739 yuan / ton. The monthly average price was over 1000 yuan / ton, with a monthly increase of 14.87%. Now the factory stock is small, the shipment situation is good. In November, the price of upstream crude oil was mainly up with slight fluctuation, which had a limited impact on propylene. The increase of downstream products was obvious, which had a positive impact on propylene. However, at the end of November, the market began to stabilize, and the upward pressure in the later stage was greater, so it is expected that the propylene price will stabilize temporarily in the near future.

The market of propylene in November is positive and the current price is high, which has certain support for the cost side of PP. According to the data monitored by the business agency, the PP (drawing) market in November was red all month, with a good trend. In terms of inventory, according to the news, petrochemicals’ inventory increased significantly in early November, and the two oil inventories increased rapidly. Driven by the rise of futures, the market trading atmosphere turned warm and the inventory decreased smoothly. In the middle and late ten days, the inventory position of manufacturers even dropped to the low point of the year. At present, the price of PP is high, the cost pressure of plastic industry compresses the profit space, and some plastic enterprises have plans to reduce production and reduce the burden. In addition, with the start-up of the previously shut-down units and the actual production of new units, the domestic PP supply has increased significantly, which may have a negative impact on the future market.

According to the data monitored by the business agency, as of December 1, the mainstream offer of domestic manufacturers and traders Z30S (fiber) was the same as that of drawing materials, with the price of about 9066.67 yuan / ton, which was 9.46% higher than the average price level in early November. Due to the large price increase of fiber materials in October, downstream mentality tends to be cautious in the first half of the month, but domestic restorative consumption growth boosts demand. Combined with the rise of raw material propylene in November and the boost of futures, the fiber material market rose smoothly in the second half of the month. At the end of November and the beginning of December, the supply and demand of polyolefins increased, and the power of just needed continuous follow-up was insufficient. It is expected that the price of fiber materials will come back in the near future.

PP meltblown material market recent shock finishing market, price trend and supply and demand led. At present, the y1500 price of Maoming Petrochemical is stable, and the reference quotation is 10900 yuan / ton. At present, the domestic epidemic situation is generally stable. Recently, a small-scale rebound has occurred in some areas, and the demand has increased slightly. In the middle of the month, the price of some brands of meltblown materials has increased by 100-200 yuan / ton, but the overall price trend is weak. There are too many suppliers in the meltblown cloth and material manufacturing market, and the profit is diluted seriously. The second outbreak trend of overseas epidemic is obvious, many countries announced to close the city again, and the non-woven fabric in the application of medical protection is sought after again. However, it is difficult for the price of meltblown materials to improve from the trend of big stability and small movement of imported materials. The business agency believes that the melt blown PP market in November is supported by the cost side, but the overall trend is still biased towards adjustment.

Future forecast

PP business agency analysts believe: November domestic PP spot market is more positive. The upstream propylene market is strong and the price is rising, which supports the cost side of PP. Mid late futures also boosted the spot market. In November, PP (drawing) price increased, PP (fiber) market also rose, PP (melt blown) decline tends to be stable. At present, the stock purchase of downstream factories turns weak and the transaction is weak. Merchants make profit and take delivery actively. PP spot is expected to adjust downward in the near future.

1、 Price trend

According to the data from the business club’s bulk list, the TDI market price dropped this week, with the average price in East China at 13166.67 yuan / ton, down 5.95% compared with last weekend’s 14000.00 yuan / ton, and 13.51% higher than that of last year.

2、 Market analysis

During the week, the domestic TDI market was weak, and the market atmosphere was empty. At the beginning of the week, the market was mainly wait-and-see, and the industry was cautious. The market center of gravity shifted downward, and the downstream purchase on demand was weak. In terms of polyether price, the pressure of downstream sponge factories is greater, most of the manufacturers mainly purchase on demand, and the enthusiasm of buying has not improved, so the purchase of TDI is limited. As of the 29th, TDI domestic goods in East China market were quoted at 12500-12800 yuan / ton, and those in Shanghai were about 13000 yuan / ton.

This week, the market of toluene fluctuated, and the price rose slightly. As of the 29th, the domestic average price was about 3580 yuan / T, and the port inventory of toluene decreased slightly, but the pressure to remove the warehouse was still under. The downstream demand was general and the market supply was surplus. It is expected that the domestic toluene market would continue to fluctuate in the future.

3、 Future forecast

According to the data analysis of the business agency: at present, the domestic TDI market is weak, and the market mentality is empty. The downstream enters the off-season. In the later stage, the TDI market may be weak, and pay attention to the news of the downstream market.