1、 Price trend

According to the price monitoring of the business agency, on November 24, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13833.33 yuan / ton, which was flat compared with the previous day, increased by 2.47% compared with the beginning of the month, increased by 2.47% month on month, and decreased by 9.78% compared with the beginning of the year.

2、 Market analysis

On November 24, the salicylic acid market was stable, and the price did not change significantly. The overall transaction atmosphere was good, and the inventory pressure was not great. With the production and sales, after the price adjustment in the early stage, the shippers kept the price stable and shipped, and looked at the market. The trading center of gravity slightly increased, and the enterprise’s mentality was positive and the trend was firm. As of November 24, the quotations of salicylic acid industrial enterprises are mostly in the range of 10000-15000 yuan / ton, the quotations of pharmaceutical grade are mostly in the range of 23000-25000 yuan / ton, and the quotations of sublimation level are mostly in the range of 15000-20000 yuan / ton. The actual transaction is mainly through negotiation, and the quantity is preferred.

For raw material phenol, on November 24, there were few traders offering in the morning, and the wait-and-see mood increased. Sporadic offers ranged from 6550 yuan / T to 6600 yuan / T, and there were also some high-level reports to the holders, who intended to continue to push up the offer, but the actual order situation has not yet progressed. The volume is small, traders actively ship goods in the early stage, almost no goods are in hand near the end of the month, and a small amount of goods arrive at the port. The business association predicts that the short-term high level is stable, and the market still needs to pay attention to the downstream follow-up.

3、 Future forecast

Salicylic acid analysts of the business agency believe that: at present, the price of salicylic acid has no obvious change, the overall trading atmosphere is good, the shippers keep the price stable, wait and see the market, the trading center of gravity slightly rises, the enterprise mentality is positive, the trend is strong, and the market is stable in the short term.

1、 Price trend

According to the business club’s big list data, aniline prices rose on Wednesday and weekend this week. On November 15, the price of aniline in Shandong was 6500-6700 yuan / ton, and that in East China was 6700-6800 yuan / ton; on November 22, the price of aniline in Shandong was 7200-7400 yuan / ton, and that in East China was 7400 yuan / ton, an average increase of 10.55% over last week.

2、 Analysis and comment

In terms of cost, the main factor influencing the trend of pure benzene is styrene. On Monday, the total inventory of styrene in East China fell sharply, which led to short covering, and the price of pure benzene rose with styrene. However, with the shutdown of some styrene downstream units, bulls actively took profits and the focus of negotiation fell. In addition, styrene futures fell one after another, and pure benzene fell with it. On Monday, Sinopec’s pure benzene price increased by 200 yuan / ton to 4200 yuan / ton. This Sunday (November 22), the listed price of pure benzene was 4150-4550 yuan / ton (the average price was 4216 yuan / ton), up 196 yuan / ton or 4.88% compared with last week.

Nitric acid rose widely this week. On Friday (November 20), the production price of nitric acid in East China was 1800 yuan / ton, up 183.33 yuan / ton, or 11.34%, compared with last week.

Downstream demand for goods, aniline enterprises inventory decline within the week, the market spot supply is tight, prices rose. At present, aniline price is mainly affected by the relationship between supply and demand. In the week, pure benzene rose first and then fell, while aniline rose step by step.

3、 Future expectations

In terms of cost, short-term styrene will continue to affect the pure benzene market. Styrene is expected to go to the warehouse at the wharf next Monday, which will support the spot price. However, with the arrival of the traditional off-season, the downstream demand will be weakened. It is difficult to remove inventory of pure benzene in the whole year, but the downstream profit level is good, which supports the price of pure benzene. Next week, pure benzene is expected to follow styrene shock finishing.

It is expected that the short-term impact on aniline will be small. Pay attention to the inventory and downstream demand of aniline enterprises. It is expected that aniline will consolidate at a high level next week.

1、 Price trend

According to the monitoring of bulk data from business agency, the domestic mainstream styrene prices rose first and then declined slightly this week, slightly higher than on Friday. On Monday (November 16), the sample enterprise price of business agency was 9266.67 yuan / ton, while the price of sample enterprises on Friday (November 20) was 8900.00 yuan / ton, down 3.96. Prices rose 18.93 per cent from the same period last year.

2、 Market analysis

Styrene market prices fell after rising this week. On November 16, East China styrene closed near 9400 yuan / T, on November 20, 8900 yuan / ton, down by 500 yuan / T, above is Zhangjiagang out of tank price. On November 16, South China styrene closed at 9700-9800 yuan / ton to be delivered, on November 20, 9550-9600 yuan / ton, down 200 yuan / T, and the above factories delivered the price. In general, styrene fell after rising this week, and overall it was in the reverse “V” trend.

In terms of raw materials, crude oil fluctuated broadly in the week, and the overall price rose. The price of pure benzene rose first and then fell, following the trend of styrene. At the beginning of the week, the price of pure benzene was higher due to the sharp increase of styrene, which fell on the 17th, and that of pure benzene also fell. Because of the lack of substantial improvement in demand, the market trading atmosphere turned to cautious and wait-and-see, and the price fell slightly in the later period. As of Thursday (November 19), the mainstream price of pure benzene was 4246.5 yuan / ton, up 266.5 yuan / ton, or 6.68% compared with 3980.00 yuan / ton on Friday (November 13).

On the ethylene side, ethylene prices continued to rise this week as ethylene supply in Asia was tight. As of Friday (November 20), the mainstream quotation of ethylene was 801.75 yuan / ton, up 44.75 yuan / ton, or 5.91% compared with 757.00 yuan / ton on Friday (November 13)

In terms of inventory, the total inventory of East China continued to decline sharply this week, with the total inventory of 128300 tons this week, down 24.08% from 169000 tons last week. In domestic styrene, the styrene commencement rate this week has slightly decreased, with the average starting rate of 84.83% last week and a decrease of 3.12& 81.71% this week. The inventory of enterprises remained low, and market supply expectations continued to decline.

Downstream, the downstream styrene rose significantly this week, and still maintained considerable production and sales profits.

In the PS market, the main ex factory quotation of East China PS as of Friday (November 20) was 9000.00 yuan / ton, up 900 yuan / ton, or 11.11% compared with 8100.00 yuan / ton on Friday (November 13). The PS market is mainly affected by the soaring of styrene raw materials and the sharp increase of PS factory price. In addition, the market has not many supply sources, and the merchants are more firm in quotation.

In EPS market, the main ex factory quotation of EPS in East China as of Friday (November 20) was 9675.00 yuan / ton, up 1000 yuan / ton, or 11.53% compared with 8675.00 yuan / ton on Friday (November 13).

In the ABS market, the main ex factory quotation of ABS Zhejiang as of Friday (November 20) was 19850.00 yuan / ton, up 1350 yuan / ton, or 7.3% compared with 18500.00 yuan / ton on Friday (November 13). This week, the domestic ABS market price has risen significantly, on the one hand, driven by the rise of styrene price and the shortage of styrene supply, on the other hand, stimulated by the national favorable consumption policy, the South China region hyped the market, and the ABS market price rose sharply.

3、 Future outlook

It is expected that the wharf will still go to the warehouse next Monday, which will support spot prices, reduce the profits of the downstream part, shrink the demand of traditional off-season terminal, and continue to reduce production in the downstream. On 19, the styrene futures jumped high and futures returned to their original sources. Overall, under the weak trend of spot strong futures, styrene follows the trend of futures, and it is expected that styrene will fluctuate broadly next week.

1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product source: Commodity analysis system of Business Club)

2、 Market analysis

Recently, the market of propylene oxide has risen sharply. As of November 19, the average price quoted by propylene oxide enterprises was 18733.33 yuan / ton, up 20.09% compared with last Thursday (November 12) and 1.23% lower than that on October 19, according to the data of the bulk list of business associations. Propylene oxide plants generally have no inventory, and the inventory of terminal raw materials is low, and downstream orders are delivered. The propylene oxide just needs to follow up and stabilize, which supports the market mentality of manufacturers. The negotiation of new orders is higher. At present, the mainstream quotation of propylene oxide Market in Shandong is around 18100-18600 yuan / ton.

Upstream propylene, November 18, the market price of propylene in Shandong area increased slightly. According to the price chart of the business agency, since November 1, the propylene price has dropped sharply at the end of October, and has risen by 200-250 yuan / ton on the 5th. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on August 9th and then stabilized again. On the 12th, it rose by 50 yuan / ton again and then fluctuated slightly. Today, it continues to be stable, with only a few enterprises rising slightly. At present, the market turnover is still at 6830-7200 yuan / ton The mainstream price is about 6850 yuan / ton.

As of November 18, the reference average price of domestic n-propanol including packaging in mainstream areas was 11466.67 yuan / ton, up 1.78% compared with November 1, according to the price monitoring data of business agency The downstream propylene glycol, according to the monitoring data of the business agency, as of November 19, the factory price of domestic industrial grade propylene glycol was 12466 yuan / ton, which was 33.57% higher than the price at the beginning of the month (9333.33 yuan / T); the downstream soft foam polyether market rose at a low level on November 19 in Shandong, and the raw material propylene oxide continued to rise, with strong cost support, and the downstream was in conflict with high price raw materials At present, the mainstream quotation of ordinary soft foam polyether market in Shandong is around 18700-19800 yuan / ton.

3、 Future forecast

The propylene oxide analysts of the business agency believe that at present, the inventory of propylene oxide plant is not under pressure, and the main middle and lower reaches maintain stable procurement. It is expected that in the short term, the propylene oxide market will mainly run at a high level, and more attention should be paid to the market news guidance for the specific trend.

1、 Price data:

According to the data monitoring of the bulk list of business associations, the domestic bromine market has been running steadily recently. As of November 17, the average price of bromine in Shandong was about 32277 yuan / ton, up 1.22% compared with the beginning of the month, and 4.87% higher than that of the same period last year.

2、 Cause analysis

At present, the spot supply of bromine market in China is limited. With the gradual cooling of the weather, the production of bromine from sea water is declining, and the market supply is expected to decline. The overall operation of the industry is relatively stable, and the enterprise inventory is low. Under the condition of no pressure of enterprise inventory, the price of mainstream bromine enterprises is about 32000-33000 yuan / ton.

Industrial chain: in the upstream, the domestic sulfur market is mainly stable, and the sulfur price in the market is firm. Domestic refineries quote according to their own shipment situation, and the prices of various regions are temporarily stable. At present, the downstream demand is stable and the shipment is smooth, with about 950 yuan / T. the sulfuric acid market starts to drop, the market supply is tight, the upstream and downstream support is good, the prices of mainstream manufacturers are rising, and the manufacturers’ inventory is small, At present, the market performance of soda ash is about 415 yuan / ton. Downstream manufacturers purchase on demand and enterprises actively ship. Downstream purchase is mainly based on demand, while traders hold a wait-and-see attitude. The market price changes little. At present, it is about 490 yuan / ton. The market of main downstream flame retardants of bromine is stable, and the support from the demand side is good. With the price of bromine rising to the high level in the year, the enterprises are in conflict with the high price of bromine; the industries such as pharmaceutical and pesticide intermediates are generally started, and the demand side supports the price of bromine flat.

3、 Future forecast

Analysts of bromine industry of business society believe that at present, the overall inventory of bromine market in China is on the low side, and the future production is not expected to be sufficient. Some downstream companies are resistant to the high price of bromine. Bromine enterprises are gradually preparing their stocks, and the game atmosphere of supply and demand in the industry is around. It is expected that bromine will continue to run stably in a short period of time.