Price trend:

According to the data of the business club’s bulk list, the domestic ABS market continued to run strongly in the middle and late November, and the spot price has been adjusted at a high level recently. As of November 24, the mainstream offer price of general-purpose ABS was about 19500.00 yuan / ton, which was 11.43% higher than the average price at the beginning of the month.

Factor analysis:

In terms of styrene upstream of ABS, the mainstream domestic styrene price rose and then declined, showing an inverted “V” trend. On November 16, the price of sample enterprises of business cooperatives was 9266.67 yuan / ton, and on November 24, the price of sample enterprises was 8450.00 yuan / ton, which was 19.86% higher than the average price level at the beginning of the month. At present, crude oil fluctuates widely and the overall price rises. The price of pure benzene rose first and then fell, following the trend of styrene. Before this, the sharp rise in styrene led to a rise in the price of pure benzene. On the 17th, styrene began to fall, and pure benzene also fell. Due to no substantial improvement in demand, the market trading atmosphere turned to be cautious and wait-and-see. It is expected that in the short term, the terminal demand of the traditional off-season will shrink, and the downstream production will continue to reduce. Overall, under the strong spot futures weak trend, styrene followed the trend of futures.

ABS upstream acrylonitrile, recent domestic acrylonitrile prices have increased. Raw material propylene market rise is obvious, manufacturers inventory is controllable, the rise is expected to continue. The rise in the far upstream crude oil was also good for propylene and acrylonitrile. On the supply side, acrylonitrile in stock continues to be in short supply, and it is unlikely to improve in the short term. Business offers generally rose, there is some hype atmosphere. Downstream demand is general, mainly against high price goods. It is expected that the price of acrylonitrile will be stable in the near future.

The domestic butadiene market has maintained a positive trend in the near future, with a steady rise. According to the sample data monitored by the business agency, as of November 24, the mainstream offer price of butadiene was about 9907.50 yuan / ton, an increase of 7.69% compared with the beginning of the month. The external price has strengthened recently, which has a driving effect on the domestic spot price. Domestic petrochemical plants have generally raised their offer to enhance market confidence. With the increase of business quotation, the supply of low-priced goods decreased. Generally speaking, buyers are willing to make an offer in the market, and they are willing to make an offer. It is expected that butadiene will continue to rise steadily in the near future.

At present, the domestic ABS market price is high, and the spot price continues to rise in the near future. The prices of the three upstream materials are up and down. Generally speaking, the support from the cost side is acceptable. In terms of supply, domestic ABS supply is tight and the pattern remains unchanged. Although some brands in the South China market have been reversed, the terminal demand is still strong and the downstream orders are steadily increasing. With the increasing cost pressure of downstream factories, the purchasing operation gradually has a certain resistance to the high price goods, and began to maintain the just needed goods. It is heard that some household appliance factories have taken the initiative to reduce production. With the resistance of trading, the merchants slowed down and increased their offer, but the circulation of goods in the market was tight, ABS fundamentals were relatively stable, and the price center of domestic ABS was still stable.

Future forecast:

Business agency analysts believe that: recent ABS market high finishing, the price of each brand is mutual. The cost side of the upstream three material ups and downs on the ABS cost side of the support is OK. At present, ABS spot supply is still tight, downstream demand is temporarily stable, there is resistance to high price goods. It is expected that the domestic ABS price will be high consolidation in the near future.

According to the data monitored by the business agency, as of November 24, the average price of domestic power lithium iron phosphate was 37000.00 yuan / ton. The market price was stable, the supply and demand were balanced, the downstream demand was limited, and the purchase was just needed, and there was no significant increase. At present, the price of power type lithium iron phosphate was stable, the market was mainly stable, and the price change was not obvious.

The price range of lithium iron phosphate power market is 33000-37000 yuan / ton, and the average price is 35000 yuan / ton. The price is stable, the downstream demand has not been significantly improved, and the overall market purchasing atmosphere is general. At present, the power type lithium iron phosphate 34000-36000 yuan / ton, the price is mainly stable, the enterprise starts normal, the merchant ships actively, the logistics is smooth, the transaction price basically maintains the cost online and offline, inventory No pressure, mostly contract customers.

The overall operation of upstream lithium carbonate is stable. At present, the mainstream price range of industrial grade lithium carbonate is 34500-41000 yuan / ton. The overall market price is stable. The downstream just needs to be purchased, and the inventory is not under pressure. Therefore, improving the demand is the key.

On November 23, the chemical index was 865 points, up 6 points compared with yesterday, 14.86% lower than 1016 points (2012-03-13), and 44.65% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Business Club lithium iron phosphate analysts believe: in the short term, lithium iron phosphate Market to stable operation. (the above prices are provided by major lithium iron phosphate manufacturers all over the country and analyzed by business lithium iron phosphate analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

The market of acrylic acid rose on November 23. As of November 23, the average price of acrylic acid quoted in East China was 8800 yuan / ton, up 2.72% compared with last Friday and 16.72% lower than that on October 23, according to the data from the bulk list of business agencies.

In recent years, the price of raw material propylene has risen, the cost support has been strengthened, the downstream purchase on demand, the inquiry and transaction are acceptable, and the market trading center has steadily increased. On November 22, the acrylic acid commodity index was 42.96, unchanged with yesterday, down 57.04% from the cycle’s highest point of 100.00 (2011-09-01), and increased by 74.85% from the lowest point of 24.57 on November 26, 2015. (Note: period refers to 2011-09-01 to now)

Upstream propylene, upstream propylene, this week (11.16 ~ 11.20) Shandong propylene market rose over the weekend. 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 8 and 9, and then stabilized again. On the 12th, it rose 50 yuan / ton again, and then fluctuated slightly. On the 19th, it showed a trend of full increase, rising by 50-100 yuan / ton, and again today Generally, the price is raised by about 100 yuan / ton, and the current market turnover is between 6980 yuan / ton and 7300 yuan / ton, and the mainstream price is about 7000 yuan / ton. At present, the inventory of the manufacturer is controllable and the shipment situation is ideal.

3、 Future forecast

Acrylic acid analysts of the business agency believe that the price of raw material propylene has risen recently, the cost support has risen, and the downstream needs to purchase. It is expected that in the short term, the acrylic acid market will be mainly stable, and more attention should be paid to the market information guidance.

1、 Price trend

According to commodity data monitoring, isopropanol prices rose this week. At the end of last week, the average price of isopropanol in China was 8600 yuan / ton, while that of this weekend was 10700.67 yuan / ton. During the week, the price was increased by 25.15%.

2、 Market analysis

Chart: comparison of acetone and isopropanol price trend from August to November

Domestic isopropanol prices soared this week. The international market, the United States market isopropanol closed stable, European market isopropanol closed up sharply. The price of acetone in domestic market rose sharply, followed by isopropanol. Up to now, the negotiation range of isopropanol in Shandong Province is about 10500-11000 yuan / ton, and that of Jiangsu Province is 11000-11500 yuan / ton. Zhejiang isopropanol negotiation range is around 11000 yuan / ton.

In terms of raw materials, according to the monitoring of bulk commodity data, acetone prices rose this week. The average price of acetone in China was 7700 yuan / ton at the end of last week and 9450 yuan / ton this weekend. The price of acetone increased by 22.73% during the week. At present, the acetone market has a big rise, which has strong support for isopropanol, and the price of isopropanol also goes up.

Propylene, according to the monitoring of commodity data, propylene prices rose this week. At the end of last week, the average price of acetone in China was 6891.91 yuan / ton, while that of this weekend was 7032.82 yuan / ton. The price of acetone increased by 2.04% during the week. The price of propylene market in Shandong Province has risen slightly. The inventory of the manufacturers is controllable, and the shipment situation is still satisfactory. At present, the profit margin of propylene isopropanol is larger.

3、 Future forecast

Isopropanol analysts of the chemical branch of the business society believe that: the market price of raw material acetone rose sharply, the market price of propylene increased slightly, and the cost support was strong, which boosted the price of isopropanol. In terms of demand, export advantages still exist. The domestic market is cautious, and most of the cargo holders are bullish and reluctant to sell. It is expected that in the short term, isopropanol prices will mainly run at a high level, and follow-up attention will be paid to the changes in the news.

Price trend

According to the business agency data monitoring, DOP price of plasticizer soared this week, DOP price broke through the 10000 yuan mark. As of November 19, many DOP manufacturers have quoted more than 10000 yuan / ton, some of which have increased by about 1000 yuan / ton every day. The average price of DOP is more than 9500 yuan / ton, with a weekly increase of 13.52%. The sharp rise of DOP price caused market panic, factory prices changed three times a day, and some manufacturers sealed their plates to stabilize the market mentality.

Upstream market of industrial chain

 
It can be seen from the trend chart of phthalic anhydride that the market of phthalic anhydride rose in November, and the price of phthalic anhydride rose sharply this week. On the 17th, the price of phthalic anhydride rose by 500 yuan / ton in a single day. The cost of DOP rose sharply, and DOP price rose greatly. However, on the 18th and 19th, the price of phthalic anhydride stabilized, and on the 19th, some manufacturers of phthalic anhydride made a slight correction. The support of phthalic anhydride to the rise of DOP was weakened, and the upward momentum of DOP in the future market was weakened.

The price of octanol increased sharply in this month, and the price of octanol rose sharply in November. On the 19th, the price of octanol stabilized, while the rising power of DOP weakened.

Downstream market of industrial chain

PVC prices rose sharply in November, the price of PVC increased sharply. From the trend chart trend, PVC prices tend to be stable, PVC support for DOP in the future market is weakened, and the upward momentum of DOP in the future market is weakened.

Macroeconomic environment

The fourth leaders’ meeting of regional comprehensive economic partnership (RCEP) will be held by video on November 15, 2020. Witnessed by the leaders of the 15 countries, the trade ministers of all countries signed the RCEP agreement. Currently, RCEP is jointly signed by ten ASEAN countries and 15 countries including China, Japan, South Korea, Australia and New Zealand. Now, the total population of the 15 member countries in 2019 will reach 2.27 billion, GDP will reach 26 trillion US dollars, and the total export volume will reach 5.2 trillion US dollars, accounting for about 30% of the global total. RCEP will usher in a strong driving force for regional and global economic growth in East Asia. The favorable macroeconomic environment is good for the whole chemical industry chain and DOP industry chain.

Market review and future expectation

According to Bai Jiaxin, an analyst with DOP data of the business agency, the RCEP agreement has brought new strong impetus to macroeconomic growth, stimulated the rise of the industrial chain, and triggered a sharp rise in prices this week. In terms of raw materials, the prices of phthalic anhydride and octanol rose sharply this week, which stimulated DOP prices to follow. This week, DOP prices soared, and some manufacturers quoted more than 10000 yuan. On the downstream side, PVC prices rose sharply this week, which was good for DOP market and supported the rise of DOP price. In the near future, the demand of the industrial chain has not fundamentally changed. From the price trend of phthalic anhydride and octanol, the price of phthalic anhydride and octanol tends to be stable, and the upward momentum of DOP is weakened. PVC price growth slowed down, support for DOP rise weakened. Generally speaking, the good news stimulated the rise of DOP price this week, but the actual supply and demand did not change much. The price rise was a castle in the air, and the support was insufficient. The motive force of the future DOP rise was insufficient, and the DOP price was expected to stabilize.