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Strong push up atmosphere, acrylic acid price rise (9.7-9.15)

1、 Acrylic acid price trend

 

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(Figure: P value curve of acrylic acid products)

 

2、 Market analysis

 

The market of acrylic acid is rising recently. As of September 15, the average price of acrylic acid quoted in East China was 8566.67 yuan / ton, up 8.90% compared with last Monday (September 7) and 20.94% higher than August 15, according to the data from the bulk list of business agencies. At present, the price of raw material propylene is rising, the cost support is rising, the downstream industry is entering the peak season, the demand is getting better, the parking device is increasing in the later stage, the spot supply is declining, the atmosphere of pulling up in the field is strong, and the market price of acrylic acid is rising sharply.

 

On September 15, 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)

 

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Upstream propylene, on September 15, the market price of propylene in Shandong Province rose steadily. According to the price chart of the business agency, the price of propylene broke through the cyclical fluctuation range at the beginning of last month, and began to fluctuate in a narrow range, and the market fluctuation was small. However, since September 1, the price of propylene has been rising all the way, and the upward range is getting bigger and bigger. To the 4th day, the total price of propylene rose by 300 yuan / ton. From the 7th to the 10th, the first round of reduction was made, with a total reduction of 100-150 yuan / ton. After that, the price was slightly stabilized. From the 13th, the price rose again, up to about 250 yuan / ton. At present, the market transaction is between 7300 and 7450 yuan / ton, and the mainstream price is about 7350 yuan / ton. Propylene manufacturers to ship smoothly, low inventory.

 

3、 Future forecast

 

Acrylic acid analysts of the business community believe that the recent high raw material propylene, acrylic cost continued to bear pressure, superimposed on the downstream demand boost, it is expected that in the short term, the acrylic acid market will be mainly strong.

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Stable demand and stable operation of phosphoric acid Market (9.7-9.11)

1、 Price trend

 

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According to the big data list of business associations, the average price of domestic phosphoric acid on September 11 was 4816.67 yuan / ton, which was flat compared with the beginning of the week (7 days), flat month on month, 9.97% lower than the beginning of the year, and 7.96% lower than the same period last year.

 

2、 Market analysis

 

This week, the market of phosphoric acid is relatively stable, the downstream demand maintains the rigid demand procurement, the market is relatively flat, the manufacturer’s shipment is fair, and the actual trading atmosphere has not changed significantly. At present, the price of raw material yellow phosphorus is rising steadily, and the phosphoric acid market is expected to increase. However, the demand is generally followed up. There is a lack of practical support for the upward trend. There is a strong wait-and-see mood. The price is in a dilemma. The overall market is still stable in the short term, or will fluctuate slightly with the cost.

 

According to the monitoring of the business agency, as of September 11, the average market price of 85% industrial purified water phosphoric acid was about 4800 yuan / ton, the price in Sichuan was 4450-5200 yuan / ton, the transaction was stable, the quotation in Guangxi was about 4750 yuan / ton, the fluctuation was not much; the quotation in Yunnan was about 4500 yuan / ton, the price was stable; in Beijing, the price was about 4700 yuan / ton, the price was temporarily stable; in Hubei, it was 4800 yuan/ The price quoted in Tianjin is about 5500 yuan / ton, which is stable for the time being; the quotation in Jiangsu is about 4500 yuan / ton, with little fluctuation. Local prices remain stable and wait-and-see, and some enterprises fluctuate slightly.

 

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Regional product specification date price (yuan / ton)

Phosphoric acid content: 85% in East China

Phosphoric acid content: 85% in Southwest China

Phosphoric acid content: 85% in Central China

Upstream phosphate ore, at present, the phosphate ore market has always been weak, and the coming double festival may inject a rising momentum into the market. Under the downstream periodic replenishment, the supply and demand of phosphate rock will be able to cycle positively. The downstream pre holiday stock has gradually started. With the increase of demand, it is expected that new orders of phosphate rock will be closed to the high-end.

 

For yellow phosphorus, the market price has increased steadily. Downstream gradually began to prepare goods before the festival, orders increased moderately, the market trading situation was fair, and the spot price of yellow phosphorus market was slightly tense. Up to now, the market quotation in Yunnan is about 15100-15500 yuan / ton. The mainstream quotation in Guizhou is about 15200-15500 yuan / ton. The price of yellow phosphorus in Sichuan is about 15100-15500 yuan / ton. The yellow phosphorus enterprises in Yunnan Province have slightly improved, and the market supply is relatively stable. It is expected that the price of yellow phosphorus will incline upward in the short term.

 

3、 Future forecast

 

The phosphoric acid analysts of the chemical branch of the business society believe that the current downstream demand is general and the market atmosphere is still weak, which is difficult to boost the market. However, there is an upward trend in the cost in the near future, and the phosphoric acid market is expected to rise slightly with it.

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Price of n-propanol lowered

Lower profit to win more orders, high price of n-propanol decreased

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From the beginning of September to this week, the overall market of n-propanol in China was stable. Until September 11, the suppliers of n-propanol (including packaging) in Shanghai lowered the price of n-propanol (including packaging). This reduction was mainly from high-end suppliers in the early stage, with a reduction range of 500-700 yuan / T. the main reason for the reduction was the current high inventory level and the lower enthusiasm of replenishment before the festival, which stimulated shipment and reduced sales.

 

According to the price monitoring data of the business agency, as of September 11, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11500 yuan / ton, which was 233 yuan / ton lower than that on September 1, with a decrease of 1.99%; compared with August 1, the average price was reduced by 400 yuan / ton, or 3.36%.

 

At present, the overall demand of n-propanol market is not obvious before the festival, which is still dominated by early contract users, and the demand is relatively stable. Shandong: the mainstream quotation of n-propanol bulk water is adjusted in a narrow range around 10500-10600 yuan / ton. This week, the price of low-end bulk water is 10000 yuan / ton, including the price of packaging is around 11300-11500 yuan / ton, and the price of high-end including packaging is 11600 yuan / ton this week. Nanjing area: the ex factory quotation of n-propanol bulk water of Nanjing Rongxin Chemical Co., Ltd. was 10500 yuan / T, which was 500 yuan / t lower than that at the end of August, and the current market is stable; the ex factory quotation of n-propanol bulk water of Nanjing NOAO new material is 10600 yuan / T, 200 yuan / t lower than that of the end of August, and the current market is stable.

 

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In terms of raw materials, ethylene is on the rise in the near future. According to the monitoring data of the business agency, the external price of ethylene has increased recently. The average price of ethylene in one day is 698.00 US dollars / ton, and the price on the 10th day is 728 US dollars / ton, up 4.3%. As of the 10th, Asian ethylene market prices rose, CFR Northeast Asia quoted 780-790 USD / T, CFR Southeast Asia quoted 735-745 USD / T. The European ethylene market price rose, with the European ethylene market price of FD, northwest Europe closing at 691-702 US dollars / ton, CIF northwest Europe closing at 681-692 US dollars / ton. The price of ethylene in the United States is 548-559 US dollars / ton. Generally speaking, the ethylene market in Europe and America is on the upward trend, and the overall ethylene market demand is good, and the market continues to rise.

 

Internationally, on the 10th, the price of WTI crude oil futures market in the United States fell, with the settlement price of main contracts at US $38.05/barrel, down US $0.75. Brent crude oil futures market prices fell, with the settlement price of main contracts at $40.79/barrel, down $0.73. Affected by the price of upstream crude oil, ethylene market may fall mainly in the later period.

 

Under the support of raw materials, the trend of n-propanol is expected to be stable and small

 

At present, the supply and demand side of the domestic n-propanol market is basically normal. The main domestic n-propanol manufacturers supply more contract users. The high level of raw materials gives the cost pressure, and the market of n-propanol is relatively small. In addition, the double festival is coming, and the stock tide before the festival may come. Therefore, it is expected that the domestic n-propanol market will be stable in the short term, supplemented by narrow adjustment, and the trend will be stable.

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Raw materials support the price rise of paraformaldehyde

1、 Market price trend chart of paraformaldehyde

 

Polyoxymethylene price curve

 

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According to the monitoring of the business agency, the average price of Polyoxymethylene (96) in Shandong Province on September 8 was 4466 yuan / ton, compared with 4433 yuan / ton last week, up 0.75%.

 

2、 Market analysis

 

Shandong aldehyde Chemical Industry Co., Ltd., with an annual output of 30000 tons of paraformaldehyde, Polyoxymethylene (96) ex factory, including tax, quoted 4600 yuan / ton, which was the same as last week. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9000 tons of paraformaldehyde, Polyoxymethylene (96) ex factory, including tax, quoted 4200 yuan / ton, which was 100 yuan / ton higher than last week. Zibo Qixing Chemical Technology Co., Ltd., with an annual output of 10000 tons of paraformaldehyde, Polyoxymethylene (96) ex factory, including tax, quoted 4600 yuan / ton, which was the same as last week. The price of paraformaldehyde in some areas has been adjusted and the price has gone up. Paraformaldehyde is in general.

 

As for the situation of upstream methanol, the domestic methanol market continued to rise on September 7, and some manufacturers increased the ex factory quotation by about 30-50 yuan / ton. The upstream raw material methanol is favorable to support, and the price of paraformaldehyde goes up.

 

3、 Future forecast

 

Under the good raw materials, POM analysts believe that: polyoxymethylene prices will be on the main.

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The price of phosphate rock fell slightly in early September

1、 Price trend

 

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According to the business agency data monitoring, as of September 7, the mainstream reference quotation of 30% grade phosphate ore in Guizhou was around 300-330 yuan / ton, which was 10 yuan / ton lower than the market price at the end of August.

 

In the first week of September, some mining enterprises are difficult to reduce the price of phosphate rock

 

This week, the domestic phosphate ore market as a whole is stable, and mining enterprises in many regions are still waiting and waiting. On Friday, a small number of mining enterprises in Guizhou reduced the initial high-grade external price of phosphate rock by 10 yuan / ton. At present, most of the mining enterprises in Guizhou maintain the orders of old customers, and the majority of them are in the field of wait-and-see mood. At present, the mainstream quotation of 30% of raw ore in Guizhou is 310-330 yuan / ton, and the low-end price is 280 yuan / ton. Guizhou Fuquan Huifa 30% grade phosphate rock plate price 330 yuan / ton, 10 yuan / ton lower than August, 28% grade phosphate rock plate price 290 yuan / ton, 10 yuan / ton lower than the end of August. The phosphate ore market in Hubei is weak, and the price of 30% raw ore ship plate of Liushugou mining is 390 yuan / T.

 

On the downstream side, in September, the price of domestic yellow phosphorus market was mainly stable. At present, the trading situation of yellow phosphorus market was fair, and the enterprises intended to adjust the price. At present, Yunnan Net phosphorus ex factory acceptance transaction referred to around 15000 yuan / ton. The phosphoric acid market is running steadily for the time being, and the situation of enterprises’ delivery is general.

 

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Internationally, at present, WTI crude oil price fell by more than 2% in the early trading to below $39 / barrel, continuing the downward trend of last week. Several of the reasons for the decline have to do with demand, or rather a persistent lack of demand. The reason for Saudi Arabia’s cut in oil prices is the lack of purchasing volume, and the “driving” season in the United States is over, and oil consumption is likely to decrease in the next few weeks. In the long run, Russia believes that demand will not recover in three years. These factors may cause OPEC’s oil price expectation to remain below $50 / barrel.

 

The phosphate ore market is mainly stable for the time being, and the short-term delivery is not improved

 

According to the phosphate rock analysts of the business society, the improvement of domestic phosphate ore market demand is still not obvious at this stage. The mining enterprises mainly supply contract orders, and the production and sales are generally in general. It is expected that the stable operation will still be maintained in the short term. The support of the downstream yellow phosphorus Market for phosphate rock is generally limited, and it is expected that the increase in market sales will not be too large in the short term.

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