1、 Price trend

According to the monitoring data of the business agency, the domestic soda ash market has stabilized temporarily this week. The average market price from the beginning of the week to the end of the week in East China was 1866.67 yuan / ton, up 5.07% over the same period last year. On October 29, the commodity index of light soda ash was 95.73, which was the same as yesterday, decreased by 18.78% from the highest point of 117.86 point (2017-11-21), and increased by 51.59% compared with the lowest point of 63.15 on November 18, 2015. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

According to the business agency, the domestic soda ash market is temporarily stable, the market atmosphere is light, and downstream manufacturers are cautious and wait-and-see attitude. The price of soda ash in Shandong is stable for the time being, and the mainstream light caustic soda is quoted at 1850-1950 yuan / T. the market atmosphere is fair, and the downstream manufacturers are cautious. It is expected that the price of soda ash will be stable in the short term. For the price of soda ash in Central China, the mainstream market price of light soda ash is about 1650-1750 yuan / ton, and the market atmosphere is OK. However, the overall downstream manufacturers are cautious, and it is expected that the price of soda ash will be stabilized in the short term.

Raw materials: domestic crude salt trading atmosphere is good this week, and prices in some regions are stable and rising. The operation of sea salt is stable, the well and mineral salt areas perform well, and the price rises. The performance of lake salt is not good, the downstream purchasing intention is not good, and the market performance is weak.

Demand: with the change of weather in northern China, the pace of rush work is still accelerating, which also increases the market demand for glass spot. At the same time, the production enterprises also increased their own inventory clearance efforts, striving to reduce the inventory to the minimum before the off-season. In terms of spot price, it is basically to stabilize the market transaction price, and manufacturers in some regions are slightly flexible. But generally speaking, the price adjustment is not large in the short term.

According to the price monitoring of the business agency, in the 42 th week (10.19-10.23) of 2020, there are 3 kinds of commodities rising and 0 kinds of falling commodities, and 2 kinds of commodities are up and down. The main commodities that rose were hydrochloric acid (3.54%), calcium carbide (1.22%) and PVC (0.72%); all of them rose or fell by 1.1% this week..

Analysts of business agency believe that: the performance of soda ash market is weak, downstream manufacturers purchase on demand, enterprises actively ship, downstream procurement is mainly on-demand procurement, traders hold a wait-and-see attitude, and they still hold a wait-and-see state for soda ash. The overall trend of the spot glass market is stable, mainly to stabilize the market transaction price, and manufacturers in some regions are slightly flexible. According to the comprehensive forecast, the domestic soda ash market will be stabilized temporarily, and the downstream market demand will be taken into consideration.

On October 29, the cryolite commodity index was 69.64, flat with yesterday, 31.19% lower than the cycle high of 101.21 (2011-10-31), and 4.96% higher than the lowest point of 66.35 on September 05, 2016. (Note: period refers to 2011-09-01 to now)

According to the data of the business club’s bulk list, the price trend of domestic cryolite market is stable. The average price of cryolite market in Henan is 5733.33 yuan / ton, down 9.47% compared with last year. At present, the ex factory price of cryolite in Henan Province is 4800-6200 yuan / ton, and that in Shandong Province is 5200-6800 yuan / ton. The manufacturers start normal equipment, have sufficient inventory, and the downstream demand is general, so they purchase on demand. The enterprises hold a wait-and-see attitude and offer stable prices.

On the upstream side, the price of fluorite decreased slightly, with the average price of 2622.22 yuan / ton in the domestic market. The domestic fluorite manufacturers operated normally, the supply of goods was sufficient, and the on-site enterprises’ shipment situation was general, and the fluorite price might continue to be weak in the later stage. In terms of downstream aluminum industry, although the social inventory continued to move down, the phenomenon of market oversupply still existed, and the demand performance was not as expected by the market, and the aluminum industry may be consolidated in the later stage.

Cryolite product analysts of business agency believe that: cryolite manufacturers’ devices operate normally, supply is sufficient, downstream demand is general, and support for cryolite market is insufficient. It is expected that cryolite market will operate weakly and stably in the later stage, and pay attention to market demand specifically.

1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. At the end of last week, the average price of isopropanol in China was 8133.33 yuan / ton, while that on Thursday was 7900 yuan / ton. During the week, the price dropped by 2.87%.

2、 Market analysis

The price of isopropanol fell this week, and the price of isopropanol was still weak due to the fall of acetone last week. Internationally, isopropanol in the United States fell sharply on October 27, while the European isopropanol market closed up sharply. So far, the negotiation range of isopropanol in Shandong Province is about 7700-7900 yuan / ton, and that of Jiangsu Province is about 8000-8200 yuan / ton. Zhejiang isopropanol negotiation range is about 7800 yuan / ton. The quotation of isopropanol from propylene process is about 8000 yuan / ton.

In terms of raw materials, this week’s raw material acetone market is in a stable transition stage. Sinopec’s factory lowered the price twice in a row last week, and the market center of gravity went down. After the sharp decline, large traders were reluctant to sell, and the offer was suspended. The market was stable. There was a slight correction in the market near the weekend, and the trading atmosphere was improved. However, the overall transaction follow-up was not optimistic. At present, the acetone market is stable, and the market range of East China is expected to be 6550-6650 yuan / ton. Lack of support for isopropanol.

As for propylene, as of October 28, the market price of propylene in Shandong continued to decline, falling below the March low. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but from 17 to 19, the price dropped by about 200 yuan / ton, from 20 to 23, a significant downward trend began on October 24, and today it has dropped about 400 yuan / ton The market transaction is between 6800 yuan / ton and 7400 yuan / ton, and the mainstream price is about 6900 yuan / ton. The price has reached the price in late August. Delivery pressure increased. The support for isopropanol is particularly weak.

3、 Future forecast

Isopropanol analysts of chemical branch of business society think: raw material acetone price weak finishing, propylene market price down. Cost support is weak. The domestic market demand is light, and traders mainly wait and see. The domestic isopropanol market was weak and declined, and the atmosphere was empty. It is expected that the price of isopropanol will continue to fall in the short term, and the follow-up attention will be paid to the changes in the news.

1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

Recently, the market of acrylic acid is in the doldrums. As of October 28, the average price of acrylic acid quoted in East China was 10566.67 yuan / ton, which was flat compared with the previous trading day, down 0.31% compared with last Wednesday (October 21), and increased by 9.31% compared with September 28. At present, the price of raw material propylene is falling, and the cost support for acrylic acid is weakened. In addition, the downstream demand performance is low, and the market trading atmosphere is light, and the acrylic acid market is weak.

Upstream propylene, on October 27, the market price of propylene in Shandong was still downward. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th Today, the market continues to decline by about 100 yuan / ton. The current market turnover is between 6950 yuan / ton and 7400 yuan / ton, and the mainstream price is about 7000 yuan / ton. Delivery pressure increased.

According to the price monitoring of business agency, on October 27, 2020, there were 16 kinds of commodities in the list of commodity price rise and fall, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities of increase were silicone DMC (5.03%), formic acid (3.13%), nitric acid (2.11%). There were 11 kinds of commodities that declined on a month on month basis, with phenol (- 2.56%), TDI (- 1.94%) and propylene oxide (- 1.81%). The average rise or fall was 0.12%.

3、 Future forecast

Acrylic acid analysts from the business community believe that at present, the raw material prices are going down, the downstream receiving intention is low, and the cost and demand are lack of support. It is expected that in the short term, the acrylic acid market will be dominated by weak consolidation and operation, and more attention should be paid to market news guidance.

Trend analysis

According to the business agency data monitoring: the recent performance of the cobalt market is general, the price of cobalt fluctuates and falls. As of October 27, the cobalt price was 270333.34 yuan / ton, down 1.58% from 274666.66 yuan / ton at the beginning of the month (October 1), and 0.92% lower than that at the end of last week (October 18).

Domestic mobile phone production and sales data

According to the data of China Academy of communications and communications, in September 2020, the total volume of domestic mobile phone market was 23.334 million, a year-on-year decrease of 35.6%; from January to September, the total volume of domestic mobile phone market was 226 million, a year-on-year decrease of 21.5%. Mobile phone sales fell sharply, cobalt market demand plummeted, cobalt market favorable pressure.

Import data of cobalt raw materials

According to the latest data from the customs website, in September 2020, China imported 26700 physical tons of cobalt raw materials, equivalent to 6700 tons of metal tons, with a decrease of 27% on a month on month basis and a decrease of 32% on a year-on-year basis; the import of 5305 physical tons of cobalt concentrate, equivalent to 424 metal tons, was basically flat on a month on month basis, with a year-on-year decrease of 65%. From January to September 2020, China’s total import of cobalt raw materials was 61200 tons of metal tons, a year-on-year decrease of 2%. From January to September, the import volume of cobalt raw materials decreased slightly, and the supply of cobalt decreased slightly. The import data in September dropped sharply. The domestic cobalt market demand was poor, and the domestic cobalt traders were generally enthusiastic about importing.

Market Overview

According to Bai Jiaxin, a data analyst of business agency, the sales of mobile phones dropped sharply in September, and the demand of cobalt market dropped obviously, and the pressure of cobalt market was great; from January to September, the import quantity of cobalt raw materials fell, and the market of cobalt Market weakened, and the downward pressure of cobalt market was greater; in September, the import quantity of cobalt raw materials fell sharply, and the cobalt market was greatly de stocked in September, so the cobalt market supply decreased, and the cobalt price in the future market had certain upward momentum. Generally speaking, the demand of cobalt market has fallen in recent years, and the market of cobalt market has weakened. However, with the decrease of inventory and supply of cobalt market, the future cobalt market has certain upward momentum support, and it is expected that the future cobalt price will fluctuate and maintain stability.