According to the data monitored by the business agency, as of October 19, the average price of domestic rubber grade grade grade silica was 4800 yuan / ton, and the domestic silica market was operating stably, with the quotation range of 4000-5000 yuan / ton.

 

At present, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand of black carbon in Shandong Province is slow, the supply and demand is slow, the domestic demand for black carbon is slow Ltd. 5100 yuan / ton, Boai County Xiangsheng silicon powder Co., Ltd. 4000 yuan / ton.

 

The quotation of upstream hydrochloric acid market manufacturers is temporarily stable, and the market trend is stable. The quotation is mainly stable. The trading atmosphere is maintained at the previous level. In the short term, the hydrochloric acid market mainly operates stably.

 

On October 18, the chemical index was 760, unchanged with yesterday, 25.20% lower than 1016 (2012-03-13), and 27.09% higher than 598, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

 

White carbon black analysts believe that: in the short term, the silica market maintains a stable operation situation, and the price fluctuation range is limited. (the above prices are provided by major silica manufacturers all over the country and sorted out and analyzed by business silica analysts for reference only. Please contact relevant manufacturers for more price details.)

PVA

The price of ethylene oxide this week was the same as that of last week, and the main ex factory price in East China was 7200 yuan / ton.

 

PVA 1799 (PVA BF17)

The domestic price of ethylene oxide is basically stable. Today, in order to balance the regional price difference in Northeast China, the ex factory price of enterprises in various regions is still between 7200-7400 yuan / ton. The ethylene market in Northeast Asia is stable and small. The supply side is tight, but the demand side of the downstream unit is weak, and the on-site wait-and-see mood is strong.

 

It is expected that short-term stability is the main factor.

PVA

The domestic styrene market rose today (October 15), and some manufacturers continued to raise their ex factory quotations. On Monday (October 12), the price of sample enterprises of business agency was 5500.00 yuan / ton, and on Thursday (October 15), the price of sample enterprises was 6000 yuan / ton, an increase of 9.09%, and the price was 25.77% lower than that of the same period last year.

 

PVA 1788 (PVA BP17)

In terms of cost, crude oil rebounded slightly, pure benzene and ethylene rose slowly, and the overall cost support of styrene remained. In terms of inventory, there were more styrene ships arriving at the main port of Jiangsu this week, but the arrival of styrene in the later period was still on the low side. The port inventory of styrene showed a new low since the Spring Festival, and it is expected to continue to decline. Styrene supply is tight. In terms of styrene futures, the continuous rise of styrene futures led to the general rise of styrene spot market. However, in the early stage, the long-term loss margin of styrene was hovering, the risk of capital pull-up was small, and the resistance to spot price rising became smaller.

 

On the downstream side, downstream start-up continued to run on a high level, strong rigid demand, demand against the seasonal outbreak, high profits, some downstream prices rose sharply, driving up the price of styrene. According to relevant information, the downstream EPS plants nijiaxiang and Zhuhai rengeng are likely to be put into production in November, and the overall downstream demand for styrene is increasing. Overall, styrene still has room to rise in the short term.

PVA

After the festival (10.1), the domestic ethanol market continued to rise. According to the sample data monitored by the business agency, the domestic ethanol market price was 6325 yuan / ton on October 9, and 6375 yuan / ton on October 12, with an increase of 0.79% in the three days after the festival, 4.29% on a month on month basis, and 18.06% higher on a year-on-year basis. In terms of enterprises, Henan Jiaozuo Heyang Alcohol Industry Co., Ltd. has a stable annual output of 300000 tons, and the ex factory price of premium alcohol is 6350 yuan / ton, including tax. The cassava alcohol production capacity of Guangxi Jinyuan alcohol Co., Ltd. is 150000 tons / year, and the unit is in normal operation. At present, the external quotation of Guangxi General grade alcohol is up 130 yuan / ton to 6480 yuan / ton, and Dongguan general class is up 130 yuan / ton to 6580 yuan / ton, including tax. In terms of market, as of today (10.12), the domestic ethanol market in East China and Northeast China was up; the ethanol market in Northeast, East China and Shandong was up; the ethanol market in Henan was stable; and the molasses ethanol market in Guangxi was stable.

 

Quotation of 95% ethanol of some Shandong ethanol production enterprises:

 

Enterprise price (yuan / ton) device dynamics

Shandong Yusheng / 50000 T / a cassava alcohol plant shut down

Shandong Wudi Runsheng / 50000 T / a cassava alcohol plant shut down

Shandong fulichun 6400 cassava ethanol plant is normal

Shandong Chengguang general 6500/

Shandong Chengguang no water 7150/

Under the influence of high raw materials and few spot prices in the market, it is possible to rise. However, due to the current high price, the lower reaches have higher resistance to high prices, and the rising trend will not be too big. Business agency ethanol analysts predict that this week’s domestic ethanol market high volatility.

PVA

Zinc price trend

 

According to the data monitoring of business agency, the trend of zinc price in September showed an “n” shape adjustment, and the overall zinc market price fluctuated lower. As of September 30, the average price of zinc was 19723.33 yuan / ton, which was 4.21% lower than 20590.00 yuan / ton on September 1.

 

China Manufacturing Purchasing Manager Index

 

PVA 1799 (PVA BF17)

According to the data of China’s National Bureau of statistics, China’s Manufacturing Purchasing Manager’s index (PMI) was 51.5% in September, up 0.5% from the previous month. The manufacturing boom picked up, and the supply and demand sides rebounded simultaneously. The new export order index and import index in September were 50.8% and 50.4%, respectively higher than 1.7% and 1.4% of the previous month, and rose above the prosperity and drought line for the first time since this year. The import and export index rose above the critical point, the international market demand partially recovered, the import and export of manufacturing industry further improved, the domestic supply and demand rose synchronously, the domestic economic environment recovered, and the domestic zinc market supply and demand rose simultaneously, which was good for the zinc market.

 

Domestic zinc ingot production

 

Date output of the month (10000 tons) cumulative output (10000 tons) year on year increase (%) cumulative growth (%)

August 2020 53.9 410.9 5.1 4.3

July 2020: 52.4-356.9 – 0.2-4.6

June 2020 52.304.8 1.2 7.7

May 2020: 51.4 252.7 4.5 9.1

April 2020 51.7 201.3 7.3 10.7

March 2020 48.9 149.5 4.7 11

February 2020 — 104 — 12.9

December 2019 60.7 623.6 19.5 9.2

November 2019 59.4 569.2 13.1 9

October 2019 54.8 512.3 8.3 9.4

September 2019 54.8-458.3-18.9-9.5

August 2019 52.8 403.4 18.9 8.2

It can be seen from the statistical table of domestic zinc output that domestic zinc output rose sharply in August on a month on month basis, and the zinc concentrate processing fee remained high in September. The domestic zinc concentrate processing enterprises had sufficient production power, and the domestic zinc ingot supply was sufficient. The downward pressure of zinc Market was great.

 

Zinc import data

 

According to the latest customs data released by the General Administration of customs, in August 2020, the import of refined zinc was 46600 tons, a year-on-year decrease of 31.08%, and a month on month increase of 5.89%. The total export of refined zinc was 1600 tons, that is, the net import of refined zinc in August 2020 was 45000 tons. From January to August 2020, the total import volume was 313400 tons, a year-on-year decrease of 29.13%. In August 2020, 410700 physical tons of zinc concentrate were imported, 138000 physical tons were increased by 50.7% compared with July, and 161000 physical tons were increased by 64.7% compared with August 2019. From January to August 2020, the total import volume was 2.713 million tons, with a year-on-year increase of 749000 tons or 38.1%. The import volume increased significantly, the domestic zinc market supply increased, the zinc market oversupply increased, and the downward pressure of zinc market increased.

 

Analysis, review and Prospect

 

According to Bai Jiaxin, an analyst at the business agency, September is the peak season for traditional production, known as “gold, nine silver and ten”. In September this year, the domestic economy continued to warm up, the demand for zinc market rose slowly, and the demand for winter storage of smelter production was expected to rise in the near future. On the supply side, domestic zinc production rose, zinc concentrate imports increased significantly, refined zinc imports rebounded, and zinc market supply increased significantly. The overall supply and demand of zinc market have both recovered, and the rising power of zinc price is insufficient. At the time of the U.S. election, the risk aversion psychology of the market increased, the decline of stock market and futures market dragged down the spot market, the foreign epidemic continued to rise without obvious improvement, which affected the resumption of production and work, and the decline of global economic recovery expectation affected the zinc market. Generally speaking, both supply and demand of domestic zinc market are picking up, while the negative pressure of international zinc market is greater. The rising power of zinc market is insufficient and the downward pressure is greater. It is expected that the zinc price will fluctuate and fall in the future.

PVA