On September 26, the phthalic anhydride commodity index was 69.95, down 0.12 points from yesterday, down 41.77% from the cyclical peak of 120.13 points (2012-02-28), and up 44.47% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has slightly declined. The market price of phthalic anhydride in eastern China has temporarily stabilized. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure. High-end transactions are blocked. Recently, the inventories of factories have increased, and the market price of phthalic anhydride has temporarily stabilized. In East China, the mainstream of neighbouring French source negotiation is 7200-7400 yuan/ton, naphthalene method is 6800-6900 yuan/ton; in North China, the mainstream price of phthalic anhydride market is 7100-7200 yuan/ton, the price trend of most factories is stable, some factories have lowered their prices, the downstream start-up is not high, purchasing on demand is dominant, and wait-and-see mentality is mainstream. Concentrated, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is sufficient, phthalic anhydride price trend slightly declined.

In recent years, the execution price of domestic phthalic anhydride upstream product Sinopec o-phthalic anhydride is 6700 yuan/ton. Due to the overhaul of domestic phthalic anhydride manufacturers, the supply of goods on site is tight, the price of o-phthalic anhydride remains high, the import market of o-phthalic anhydride in port area is stable, the recent market of o-phthalic anhydride in port is good, the stock of Negotiations are based on the recent increase in in in-site maintenance facilities for phthalic anhydride in China. The supply of in-site phthalic anhydride is very tight. Supported by the price of upstream raw material phthalic anhydride, the price trend of phthalic anhydride market is limited. Downstream DOP prices remained volatile, isooctanol prices remained stable, and DOP costs did not change much. DOP price is stable, DOP downstream demand is normal, customer purchasing enthusiasm is general, downstream PVC market volatility declines, DOP high-end transaction is blocked, DOP market mainstream transaction price 8050-8200 yuan/ton, downstream price trend is volatile, the market price of phthalic anhydride is expected to fall slightly later.

Price Trend

The average price of phosphoric acid was 5400 yuan/ton on September 20 and 5266.67 yuan/ton on September 16, up 2.53% compared with the same period last year, up 26.56%.

II. Market Analysis

Product: After the Mid-Autumn Festival, the market price of phosphoric acid is supported by the favorable raw material end, and the price has been raised. As of September 20, the average market price of 85% industrial purified water phosphoric acid was around 5400 yuan/ton, Hubei Xingfa Group quoted 5000 yuan/ton, Weng Fuzhou quoted 5200 yuan/ton, Beijing Hangxing Hongda quoted 5400 yuan/ton, Guangxi Mingli Group quoted 5800 yuan/ton, Qianrui Chemical quoted 4600 yuan/ton, Sichuan Kanglong Chemical quoted 5200 yuan/ton, Kunming South Yunnan industry and trade quoted 5900 yuan/ton. Price increases vary from place to place, mainly due to the shortage of spot supply of yellow phosphorus at the raw material end, the shift of trading focus, and the price increase of phosphoric acid enterprises supported by raw material yellow phosphorus. However, at present, phosphoric acid enterprises are mainly in need of purchasing, cautious wait-and-see mentality is rising, individual enterprises are in short supply, quotation is suspended, terminal market is just in need, purchasing is limited. Low enthusiasm, limited acceptance of high prices, phosphoric acid Market Trading atmosphere is not high, the overall weak.

Graph.100ppi.com

Industry chain: This week, the phosphorus ore market has not fluctuated and continues to operate steadily. At present, the phosphorus ore market is stable. Enterprises supply old customers’orders sporadically. The atmosphere of new orders is slightly weak. Some mining enterprises plan to stop production and reduce production. Recently, the market digests inventory mainly to reduce production and maintain stable quotation. Yellow phosphorus Market Spot tension, strong wait-and-see sentiment of enterprises, the focus continued to move upwards. Before National Day, the stock is nearing the end. Sporadic replenishment is mainly in the downstream. The net phosphorus turnover refers to about 18500-21000 yuan/ton. The market of downstream monoammonium phosphate continued to be weak, and the market prices continued to fall in mid-September. The domestic diammonium market continued to decline.

Industry: According to the price monitoring of business associations, in the 36th week of 2019 (9.9-9.13), there were 1 rising commodities, 2 falling commodities and 2 falling commodities. The main commodities rising were yellow phosphorus (1.25%); the main commodities falling were monoammonium phosphate (-2.33%) and diammonium phosphate (-1.36%). Average gains and losses this week were -0.49%.

3. Future Market Forecast

Phosphoric acid analyst of Business Society Chemical Branch thinks: at present, the demand of phosphoric acid enterprises is mostly in a wait-and-see state, the procurement is not active, the price fluctuates with the good support of the raw material end, and it is expected that the price of phosphoric acid will mainly maintain stable management in the short term.

Price Trend

The average price of liquefied natural gas was 2973.33 yuan/ton in early September, and 2863.33 yuan/ton in the end of September 24, showing a downward trend of 3.7%. Prices fell 36.72% over the same period last year.

II. Analysis of Influencing Factors

Products: According to the data of business associations, as of September 24, the LNG price of Inner Mongolia Ordos Xingxing Energy Co., Ltd. was 2870 yuan/ton, and that of Inner Mongolia Etok Qianqi Shitai Natural Gas Co., Ltd. was 2850 yuan/ton. The LNG price of Zizhou LNG Plant of Shaanxi Luyuan Natural Gas Co., Ltd. is 2900 yuan/ton. The LNG price of Xinjiang Guanghui LNG Development Co., Ltd. is about 2300 yuan/ton. The LNG price of Qinshui New Olympics in Shanxi is 3100 yuan/ton. The LNG price of Shaanxi Zhongyuan LNG Co., Ltd. is 2870 yuan/ton. The Qinghua Energy Group in Xinjiang has the LNG price of 2870 yuan/ton. LNG Company Limited is priced at 3200 yuan/ton. Fluid prices vary from place to place and are generally at a low level.

Market analysis: In September, the liquefied petroleum gas market declined as a whole. In early September, affected by the northwest gas restriction, and some manufacturers have overhaul, the overall supply declined, boosting the liquefied natural gas market, LNG prices stopped falling and rebounded all the way up, reaching a peak of 3056.67 yuan/ton on the 4th, and the market is optimistic. However, 10 days after the end of the restriction, the market returned to normal supply, the liquor factory adjusted according to its own situation, the market atmosphere of LNG faded, major manufacturers to prepare for the pre-festival storage, have lowered the price of liquids, the market returned to its previous decline. At the end of the Mid-Autumn Festival, LNG power was restored and factory inventory was generally on the high side. In order to stimulate shipments, prices were lowered one after another. Near National Day, the upstream bidding is difficult, the mood of pre-festival warehouse is obvious, coupled with the high-speed restriction soon, major manufacturers continue to reduce prices and interest shipments, and some manufacturers due to the lower level in the early stage, price increases, but the overall trend is still weak. At present, the downstream demand is weak, the wait-and-see atmosphere is strong, the situation of supply exceeding demand remains unchanged, and there is no good signal in the market for the time being.

Industry: According to the price monitoring of business associations, there are four kinds of commodities in the rising and falling list of commodity prices on September 23, 2019. The top three commodities are methanol (0.55%), MTBE (0.51%) and fuel oil (0.43%). There are 8 kinds of commodities that have declined annually. The first three products are liquefied gas (-3.52%), coking coal (-0.87%) and liquefied natural gas (-0.57%). The average daily rise and fall was -0.28%.

3. Future Market Forecast

Liquefied Natural Gas analysts of business associations believe that the National Day holidays are approaching, in order to avoid poor transportation during the holidays and increase inventory, factories mostly promote sales before the holidays, and the domestic liquefied natural gas market is expected to maintain a steady downward trend in the short term.

Price Trend

According to business association monitoring data, on September 23, the market of organosilicon DMC showed a downward trend. The average price of organosilicon DMC in several mainstream areas monitored by the data was 20,100 yuan/ton. Compared with last Friday, September 20, the market price of organosilicon DMC dropped by about 1,000 yuan/ton, with a decline of -4.89%.

II. Market Analysis

Products: After the weak operation of the silicone DMC market last week and the small reduction of quotations by sporadic manufacturers, on September 23, the silicone DMC market highlighted a large reduction of quotations by some manufacturers. Less than a week after the National Day, most of the single factories began to stop production or limit production. The factories are in low inventory, the market supply is tight, and logistics will also affect transportation during the National Day. Despite the above favorable conditions, DMC market still fails to maintain a high level. Facing the rising momentum and the continuous wait-and-see of downstream demand, many downstream enterprises are generally short-sighted on the post-holiday market. Towards the end of the month, the trading atmosphere is still low. In order to stimulate travelling volume and increase the enthusiasm of downstream purchasing, some manufacturers have the idea of yielding profits and delivering goods. At present, as of September 23, a few manufacturers’DMC has fallen below the 20,000 mark. The range is nearly 1000 yuan/ton. At present, DMC mainstream offer is around 2000-21000 yuan/ton, and sporadic low-price offer is around 1500 yuan/ton.

Industry chain: Silicone oil and silica gel Market of downstream products are affected by DMC’s weakness. At present, the market is stable, moderately and slightly declining. The trading atmosphere of the market is insufficient. Most downstream enterprises are bullish on the trend of silicone oil in the later period. They hold a wait-and-see attitude and are particularly cautious in purchasing. At present, there are no obvious signs of downstream stockpiling and the atmosphere of stock-up. Lengthy, more with the use of picking.

3. Future Market Forecast

Business analysts believe that before the festival, due to the low start-up rate, some factories with low inventory may still have a strong price intention, but more attention should be paid to whether the downstream demand can be increased and whether the downstream active reserve atmosphere can be really stimulated.

Price Trend

Mainstream domestic prices of styrene rose first and then fell this week, according to a large number of data monitored by business associations. According to data from business associations, the prices of sample enterprises on Monday (Sept. 16) were 9066.67 yuan/ton, and on Friday (Sept. 20) the prices of sample enterprises were 8800.00 yuan/ton, a decline of 2.94%, a decline of 24.81% over the same period last year.

II. Market Analysis

Products:

This week, styrene market price rose first and then fell, and the market supply is in good condition. On Sept. 16, the closing price of styrene in East China was about 9000-9100 yuan/ton, while on Sept. 20, the closing price of styrene in East China was about 8700-8800 yuan/ton, down about 300 yuan/ton. The above price is Zhangjiagang’s canning price. On September 16, South China Styrene closed at 9,200 yuan/ton for delivery, and on September 20, South China Styrene closed at 8,900 yuan/ton for delivery, down 300 yuan/ton for delivery from above factories. This week, the market price of styrene rose first and then fell back. The market supply situation is good. The main reservoir area in East China has sufficient styrene stock. Domestic maintenance of styrene factories gradually restored supply. This week’s oil market prices rose sharply, leading to a rise in styrene prices at the beginning of the week. Near the weekend, the supply of styrene in the market was saturated, while the enthusiasm of downstream picking-up decreased, and the high-end prices gradually fell, leading to a decline in domestic styrene prices after this week’s rise. Recently, the market has been profitable in both holding and production links, but there is no support after the rapid rise, and the market has fallen back and consolidated.

Industrial chain:

The upstream crude oil market rose sharply this week, with strong news on the periphery. Both ethylene and pure benzene showed strong trends this week, which supported the production cost of styrene. Some downstream enterprises are actively picking up goods in the early period, and the stock of styrene is relatively sufficient. In addition, the environmental protection inspection before National Day will reduce the demand for styrene. The above situation will lead to the increase of bearish sentiment in the Styrene Market and the consecutive decline in prices until the weekend.

3. Prospects for the Later Period

Styrene analysts believe that in the current market situation, the situation of crude oil price rise may slow down, the extent of crude oil rise is limited, and downstream demand for small and medium-sized enterprises still has room to fall, the overall market buying support is insufficient, terminal digestion pressure. At the same time, domestic styrene overhaul factories have been reworked one after another, and domestic supply has increased, which will further increase the stock of styrene market. Styrene prices are expected to fall slightly next week.