1、 Price trend

In September 2020, there are two rounds of increase in coke market, with a cumulative increase of 100 yuan / ton. The mainstream price of Shanxi market is 1710 yuan / ton at the beginning of the month and 1817.50 yuan / ton at the end of the month, with a monthly increase of 6.29%.

On September 28, the coke commodity index was 95.41, flat with yesterday, down 29.35% from 135.04 (September 13, 2018), and 175.35% higher than the lowest point of 34.65 on March 3, 2016. (Note: period refers to 2011-09-01 to now).

Summary of domestic coke market price (unit: yuan / ton)

The price of regional specifications on September 29 was up and down compared with the same period of last month

Grade II metallurgical coke 2030 + 100 in Shanghai

Quasi first grade metallurgical coke 2090 + 100

Xuzhou secondary metallurgical coke 2000 + 100

Quasi first grade metallurgical coke 2060 + 100

Grade II metallurgical coke 1940 + 100 in Weifang Area

Quasi grade I metallurgical coke 2000 + 100

Secondary metallurgical coke 1840 + 100 in Taiyuan Area

Quasi first grade metallurgical coke 1890 + 100

Secondary metallurgical coke 1800 + 100 in Jinzhong Area

Quasi first grade metallurgical coke 1860 + 100

Grade II metallurgical coke 1930 + 100 in Tangshan area

Quasi first grade metallurgical coke 1980 + 100

Secondary metallurgical coke 1810 + 100 in Shenyang

Quasi first grade metallurgical coke 1870 + 100

In this month, the coke market went up for two rounds on the 8th and 22nd. Shandong Province took the lead in the first round of increase. At the beginning of the month, the profits of downstream steel mills rebounded, the start-up was high, and the sales were good. The demand for coke was strong. The replenishment of steel mills drove up the price. After the second round of increase, the price of coke continued to stabilize. Later, with the continuous decline of coke inventory, coking enterprises were planning to raise the third round of increase, but the next round of increase was expected Restricted by sales, Yougang’s profits are generally low, and they are generally opposed to the third round of increase. Only some manufacturers with low coke inventory agree. On the 22nd, Shandong’s mainstream steel mills announced an increase of 50 yuan / ton on the purchase price of coke. Subsequently, steel mills in Hebei and other major regions also raised their prices in succession. The third round of increase, which lasted for nearly half a month, began to be gradually implemented. However, at present, the downstream steel mills are facing three rounds of increase in September and August, and the high price of coke is relatively contradictory. At present, steel enterprises are under great pressure and their profits are limited. Some steel mills have maintenance plans after the festival.

Summary of domestic port coke market price (unit: yuan / ton)

Port varieties September 1 September 29

Rizhao trade quasi primary trade secondary trade quasi primary trade secondary trade

2000 1900 2100 2000

Tianjin Trade quasi first class trade first class trade first grade trade first grade trade first grade

2000 2100 2100 2200

According to the data released by the National Bureau of statistics, China exported 136000 tons of coke in August 2020, a year-on-year decrease of 68.9% and a month on month decrease of 64.1%. In August 2020, the coke export volume was US $30.318 million, down 74.8% year-on-year. From January to August 2020, the total export volume of coke was 2.29 million tons, a year-on-year decrease of 52.1%; the cumulative export amount was 505.179 million US dollars, a year-on-year decrease of 63.3%. Since the middle of August, domestic demand has improved and overall supply is tight, and coke export has dropped sharply in August. In this month, the port price was in line with the spot market, with a monthly increase of 100 yuan / ton. As of the 29th, the main spot exchange ex warehouse price of quasi grade I metallurgical coke in port was 1920-1950 yuan / ton, and the mainstream transaction price was 1920-1930 yuan / ton.

In terms of aftermarket, the business agency believes that the recent coking enterprises have a high enthusiasm for shipment, and the operating rate of coking enterprises in Shanxi is about 90%, with good sales and low overall inventory. However, the profits of downstream steel mills are limited at present. I heard that some of them have maintenance plans after the festival, and lack of coke with demand support, so the price is difficult to have upward space, and it is mainly weak in stability.

1、 Price trend

According to the monitoring data of business agency, the price of domestic soda ash is rising. The average market price of East China on September 26 was 1633.33 yuan / ton, while that on September 27 was 1716.67 yuan / ton, up 5.1%. On September 26, the commodity index of light soda ash was 83.76, which was the same as yesterday, decreased by 28.93% from 117.86 (2017-11-21), and increased by 32.64% from 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 price of soda ash manufacturers rose this week. First, the soda industry meeting was held, and the price of some manufacturers was increased by 200 yuan / ton. The domestic soda market trend was relatively strong, and the price of enterprises increased. Second, domestic soda ash inventory declined. According to statistics, the inventory continued to maintain a downward trend, with a total of 517300 tons, with a decrease rate of 76700 tons or 12.91%, and the number of maintenance enterprises increased recently. The domestic total operating rate is about 76%. However, the overall performance of the downstream is general, most manufacturers still purchase on demand, and it happens that the manufacturers are mainly stable in shipping, and some manufacturers keep their prices unchanged, showing a wait-and-see state.

The price of domestic soda ash is rising, the downstream demand is improved, the enterprises are better to de stock, and the manufacturers are mainly active in shipping, but the overall situation is wait-and-see. The following figure shows the regional price quotation of light soda ash.

Regional price (yuan / ton)

North China 1850-1900 + 200

East China 1700-1800 + 100

Central China 1700-1750 + 100

Raw materials: the atmosphere of raw salt market in China is stable and slightly up-regulated. From the current understanding, the main production areas of sea salt supply performance is adequate. The lake salt market is stable and the price has no obvious change. The production of sea salt was stable and the supply was increased. Due to the adjustment of soda ash market, the trading atmosphere was good.

In terms of demand: the overall trend of China’s glass spot market has been stable in the near future, and the manufacturers mainly increase the funds for ex warehouse and withdrawal. Although the inventory prices of some production enterprises before cleaning up are relatively cheap, it has little impact on the existing price system. At present, with the reduction of social inventory of traders and processing enterprises, the speed of direct procurement of glass from production enterprises has also increased slightly. In the short term, spot prices are mainly stable.

According to the price monitoring of the business agency, in the 38 th week (9.21-9.25) of 2020, there are 1 commodity rising and 1 falling commodity in the price rising and falling list of chlor alkali industry, and there are 3 commodities that rise or fall to 0. The main commodities that rose were PVC (0.11%); calcium carbide (- 0.49%) fell. This week, the average rise and fall was – 0.08%.

According to the analysts of the business agency, the price of some manufacturers increased by 200 yuan / ton when the soda industry meeting was held. However, the price of the rising soda ash in the downstream was mostly on the wait-and-see state, and the acceptance was not high. In addition, on double festivals, manufacturers mainly focused on stable shipment, and the price was mainly stable during the festival. At that time, all enterprises will adjust their prices according to their own conditions, and it is expected that soda ash will run stably in the short term, with small fluctuations, depending on the downstream market demand.

1、 Price trend

This week, the price of calcium carbide in Northwest China dropped slightly. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers in Northwest China fell from 2730.00 yuan / ton at the beginning of the week to 2716.67 yuan / ton at the end of the week, down 13.33 yuan / ton or 0.49%, and 8.94% compared with the same period last year. Overall, this week’s calcium carbide market fell slightly, the carbide commodity index on September 25 was 71.18.

2、 Trend analysis

From the manufacturer’s quotation, the price of calcium carbide in Northwest China has been stable and falling this week: the price of calcium carbide from oviganeng is 2760 yuan / ton at the end of this week, which is 40 yuan / ton lower than that at the beginning of the week; the price of calcium carbide in Inner Mongolia and China Union is 2690 yuan / ton at the end of this week, which is temporarily stable compared with the beginning of the week; the price of calcium carbide in Xingping of Ningxia is 2700 yuan / ton this weekend, which is temporarily stable compared with the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2650-2750 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2750 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2700 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2650 yuan / ton, and the actual transaction price is mainly through negotiation.

From the calcium carbide upstream and downstream industry chain, upstream raw material market, orchid charcoal factory quotation this week temporarily stable. At present, the quotation of small materials is 560 yuan / ton, that of medium materials is 580 yuan / ton, and that of large materials is about 750 yuan / ton. The low price consolidation of upstream raw materials and the general cost support have a negative impact on the price of calcium carbide.

Downstream market, PVC factory price rose slightly this week. The price of PVC increased from 6667.50 yuan / ton at the beginning of the week to 6675.00 yuan / ton at the end of the week, up 0.11%, and decreased by 1.26% compared with the same period last year. This week, PVC prices rose slightly, the market is good, downstream purchasing enthusiasm for calcium carbide, overall, PVC market this week has a positive impact on calcium carbide prices.

3、 Future forecast

In late September, calcium carbide market fluctuated slightly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide, while the price of PVC in the downstream rises slightly. The downstream customers are more active in purchasing calcium carbide. Moreover, the production capacity of calcium carbide is insufficient at this stage, and the supply of calcium carbide is tense. The later market forecasts that the price of calcium carbide in Northwest China will rise slightly in late September.

According to the data monitored by the business agency, as of September 25, the average price of domestic power lithium iron phosphate was 37000.00 yuan / ton, and the price of power type lithium iron phosphate was stable, the price remained stable, and the market situation was mainly stable.

The market price range of lithium iron phosphate power is 34500-37000 yuan / ton, the price is stable, the demand is general, and the overall market purchasing atmosphere is dull. At present, the price range of energy storage lithium iron phosphate is 28000-31000 yuan / ton, with an average price of about 29500 yuan / ton. At present, the power type lithium iron phosphate enterprises offer prices, Guangdong Optical Technology Co., Ltd. 37000 yuan / ton, Foshan Defang Nano Technology Co., Ltd. 3 7000 yuan / ton, beiteri new energy materials Co., Ltd. 37000 yuan / ton, and the quotation of enterprises is mainly stable.

The overall operation of upstream lithium carbonate is stable. At present, the mainstream price range of industrial grade lithium carbonate is 33500-37000 yuan / ton, with a slight increase. The mainstream price range of battery grade lithium carbonate is 39500-40500 yuan / ton, and the price remains stable.

On September 24, the chemical index was 734 points, up 1 point compared with yesterday, 27.76% lower than 1016 points (2012-03-13), and 22.74% 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: lithium iron phosphate market prices remain stable in the short term, just need to purchase. (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、 Price trend

According to the business club’s big list data, domestic caprolactam prices fell this week. The average ex factory price of caprolactam on September 14 was 9650 yuan / ton, while that on September 18 was 9550 yuan / ton. The price fell by 1.04% this week.

2、 Market analysis

Caprolactam supply increased this week and caprolactam prices fell. As of September 18, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was 9100 yuan / ton, and the factory had a production capacity of 300000 tons. The actual transaction can be discussed. Nanjing Dongfang caprolactam liquid price 10000 yuan / T, 400000 tons / year of the plant normal operation, caprolactam unit normal operation. The price of Sinopec caprolactam liquid is 9900 yuan / ton. Baling Hengyi caprolactam liquid price is 9900 yuan / T, 450000 tons / year, the plant is in normal operation, accepted and delivered. The price of caprolactam liquid of Baling Petrochemical Company is 9900 yuan / ton, and the 300000 tons / year unit is normally started and accepted.

This week, the raw material of pure benzene rebounded after falling in Shandong. The beginning of the week continued last week’s market, price deadlock consolidation. In the second half of the week, with the rise of crude oil, the market focus of pure benzene rose; and the market supply of some hydrogenated benzene units was improved; in addition, the downstream began to prepare goods before the festival, so the enterprise inventory decreased. The downstream PA6 had stable demand for caprolactam.

3、 Future forecast

Caprolactam analysts believe that this week some caprolactam enterprises to resume production, downstream overall market stability. At present, the supply of caprolactam exceeds the demand, and the inventory pressure increases. It is expected that caprolactam market will decline steadily in the short term, and it is suggested to pay attention to terminal demand.

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

Recently (9.14-9.21), epichlorohydrin market first rose and then fell, and the market atmosphere on September 21 was light. As of September 21, the average price quoted by epichlorohydrin enterprises was 11500 yuan / ton, which was 0.88% higher than last Monday (September 14) and 10.58% higher than that of August 21, according to the large list data of business agency. At present, the price of raw material propylene is high, the opening of the early week, the downstream market inquiry enthusiasm is general, cautious wait-and-see, epichlorohydrin market atmosphere is light.

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise market price specification date

Jinan Mingwei Chemical Co., Ltd.? 11500 yuan / ton; 99.9% Min: 2020-09-21

Jinan Mingyu Chemical Co., Ltd. 11500 yuan / ton national standard 99.9-2020-09-21

Jinan planhua Chemical Co., Ltd. $11100 / T national standard 99.9-2020-09-21

Aite (Shandong) new materials Co., Ltd. $11500 / T premium products; 99.9% Min: 2020-09-21

Zibo tengshuo economic and Trade Co., Ltd. $10900 / T, excellent products; 99.9% Min: September 21, 2020

Upstream propylene, as of September 18, the market price of propylene in Shandong remained stable. According to the price chart of the business agency, since September 1, the price of propylene has been on the rise continuously, and the upward range is getting larger and larger. Up to the 4th, the price 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, it was slightly stable. The price went up again on the 13th and rose by about 350 yuan / ton on the 17th. Today, the price began to stabilize. The market transaction is now at 7300-760 0 yuan / ton, and the mainstream price is about 7450 yuan / ton. Low inventory, smooth propylene delivery.

Downstream epoxy resin, at present, the cost of epoxy resin is still under pressure, the carrier firm offer, downstream resistance to high price raw materials, market atmosphere stalemate.

3、 Future forecast

According to the analysts of epichlorohydrin of the business agency, the price of propylene is high in recent years, and the cost side has certain support. The downstream market inquiry is limited. They hold a cautious and wait-and-see attitude towards high price raw materials. It is expected that in the short term, the epichlorohydrin market may be stagnant, and the specific trend needs more attention to market information guidance.

According to the data monitored by the business agency, as of September 18, the average price of domestic power lithium iron phosphate was 37000.00 yuan / ton. This week, the domestic power type lithium iron phosphate kept stable operation, the demand was limited, the order increased, the price fluctuation was not big, the negotiation focus was stable, and the transaction atmosphere was cold.

This week, the domestic lithium iron phosphate maintains stable operation. The price range of lithium iron phosphate power market is 34500-37000 yuan / ton. The price is stable, the supply and demand are balanced, the demand is general, and the transaction atmosphere is flat. At present, the price range of energy storage lithium iron phosphate is 28000-31000 yuan / ton, and the average price is about 29500 yuan / ton. At present, the power type lithium iron phosphate enterprises quote, Guangdong Optical Technology Co., Ltd. 37000 yuan In the past two years, domestic LiFePO4 technology technology has been continuously improved, and lithium iron phosphate battery has a cost advantage. With the continuous breakthrough of lithium iron phosphate density, its safety and recycling have been better played. Lithium iron phosphate has a very broad market in vehicles With the continuous emergence of new cars in 2020, the market demand for LiFePO4 has not increased. At present, it is in a dilemma of rise and fall. The transaction price is basically maintained at the cost line, and businesses make profit and take orders to actively ship.

The overall operation of upstream lithium carbonate is stable. At present, the mainstream price range of industrial grade lithium carbonate is 33500-37000 yuan / ton, with a slight increase. The mainstream price range of battery grade lithium carbonate is 39500-40500 yuan / ton, and the price remains stable.

The chemical index on September 17 was 726 points, up 4 points compared with yesterday, 28.54% lower than 1016 points (2012-03-13), and 21.40% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

Lithium iron phosphate analysts believe that: in the short term, the price of lithium iron phosphate market will remain stable, and we will continue to pay attention to the market demand. (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.)

In the half of September, the LPG market has not yet waited for the market to recover, but continued to fall. According to the data monitoring of the business agency, the average price of LPG in Shandong market on September 1 was 3200.00 yuan / ton, and that on September 15 was 2923.33 yuan / ton, a decrease of 8.65% and a decrease of 6.20% compared with January 1.

In the first week of September, although there was a decline in the LPG civil market, the amplitude was not large. At the end of August, with the introduction of Saudi Aramco’s CP price in September, although there was a rise, the increase was significantly lower than expected, which provided limited support to the market. With the arrival of autumn, the temperature gradually drops, the weather turns cool, and the terminal demand is expected to increase. However, due to the current market situation, the terminal consumption is still weak, most of the downstream purchasing capacity is insufficient, and the shipping atmosphere of manufacturers is not good. The market supply of liquefied gas has little change and the output is relatively sufficient. The civil market for liquefied gas fell slightly.

In the second week of September, the decline trend of LPG civil market remained unchanged, and the focus continued to move downward, and the range was more obvious. According to EIA data, US commercial crude oil inventories increased unexpectedly last week, partly due to continuous production cuts at refineries along the Gulf Coast damaged by the hurricane. International oil prices continued to fall, news negative market mentality. And downstream demand did not increase, mainly consumed inventory, the overall market trading atmosphere slightly light. In addition, the early shutdown of enterprises has been restored, the market supply has increased, increasing the sales pressure. Down stream wait-and-see sentiment is strong, enter the market operation cautiously. Manufacturers did not improve shipment, inventory pressure gradually increased. Continuously reduce the price and give priority to shipment. The prices of some manufacturers have fallen below 3000 yuan / ton.

As of September 16, most of the Southern markets were down, with weak demand in South China and poor trading atmosphere in the market. Refineries fell sharply by about 50-100 yuan / ton. The decline range of the northern market was narrowed, and some enterprises still had small rises. The price in Shandong was about 20 yuan / ton, and the price in Northeast China was relatively strong.

Specification, mode of transportation, region, date, mainstream transaction price

Civil gas and automobile transportation in North China September 16: 3050-3100 yuan / ton

Civil gas and automobile transportation in East China on September 16, 2910-3010 yuan / ton

Civil gas transportation by automobile in South China September 16: 2800-2850 yuan / ton

Civil gas and automobile transportation in Shandong Province on September 16, 2950-3020 yuan / ton

Civil gas transportation by truck in Northeast China September 16 2850-3050 yuan / ton

Civil gas and automobile transportation in Western China on September 16, 2860-3180 yuan / ton

LPG futures market continues to decline, which forms a pressure on the spot market

On September 15, 2011, the opening price of LPG futures was 3425, the highest price was 3445, the lowest price was 3377, the closing price was 3402, the previous settlement price was 3414, and the settlement price was 3413, down 12 or 0.35%, the trading volume was 131504, the position was 81542, and the daily increase was – 1238. (unit: yuan / ton)

At present, the international crude oil price falls sharply, which forms a significant pressure on the LPG market. At present, although the weather and temperature in the North has turned cooler, the temperature is still relatively high, the terminal demand continues to be weak, the downstream market entry enthusiasm is not high, and the market supply is sufficient, the manufacturer’s shipment situation is general, and the inventory is mostly in the middle high level. In the first ten days of September, the negative atmosphere of the market was relatively strong, and the downstream lacked confidence in the future market. In the short term, it is difficult to make an obvious breakthrough in the civil market of LPG. In the long run, the terminal demand is still expected to improve, and the downstream storage and replenishment demand before the festival, the market is still expected to rise.

1、 Price trend

The price of aniline in Shandong was 4350-4480 yuan / ton on September 6, and 4600-4700 yuan / ton in East China; on September 13, aniline price in Shandong was between 4350-4480 yuan / ton, and that in East China was 4700-4800 yuan / ton, up 1.5% over last week.

2、 Analysis and comment

In terms of cost, the raw materials for the downstream products in the north are exported and the market supply is increasing, which leads to the continuous weakening of prices. In addition to the week by the impact of crude oil slump, pure benzene Market Center of gravity moved down. This Sunday (September 13), the listed price of pure benzene is 3070-3450 yuan / ton (average price is 3410 yuan / ton).

This week, the price of nitric acid stabilized. On September 4, the production price in East China was 1500 yuan / ton.

This week, East China aniline enterprises due to ship goods, spot sales less, price rise. Shandong enterprises supply and demand balance, price stability.

3、 Future expectations

In terms of cost, the downstream units in East China have been put into operation smoothly and the situation is good; Shandong has sufficient supply of pure benzene with new output, and it is difficult to consume downstream in the short term. It is expected that the price of pure benzene in Shandong may still fall.

Downstream just need to pick up the goods, it is expected that the short-term change will not be large. However, in East China, more orders are executed and less spot goods are available, and the price is likely to rise.

From September 7 to September 11, 2020, the crude benzene market price will be slightly adjusted. The factory price in North China will be 2473.75 yuan / ton at the beginning of the week and 2437.50 yuan / ton at the weekend, with a weekly decrease of 1.47%.

Since August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) has been reduced by 100 yuan / ton, and 3300 yuan / ton has been implemented as of September 11,.

Although it is near October recently, the environmental protection policy is relatively loose this year. Coking enterprises have been operating at a high level, crude benzene supply is sufficient, and coking enterprises are mainly active in shipping. On September 8, the U.S. WTI crude oil futures market prices plummeted, with the settlement price of main contracts at $36.76/barrel, down $3.01. The international crude oil market is mainly downward this week. In terms of pure benzene, the external market fluctuated lower this week, and the market confidence was weak. This week, the operating rate of pure benzene was about 7.50%, which was roughly the same as last week. Sinopec’s price remained stable, and the operating rate of hydrogenated benzene this week was slightly higher than that of last week, which is expected to be about 6.50%. In terms of inventory, the inventory of pure benzene in East China this week was higher than that of last week, and the overall inventory was still on the high side, about 270000 tons. Affected by lower crude oil prices this week, the market is expected to increase supply in the later period, leading to traders’ bearish outlook on the future market and price reduction. Affected by the weak basic market, the bidding price of crude benzol was slightly reduced this week, and the implementation of 2435-2450 yuan / ton in Shandong Province this week.

Start up of some hydrogenated benzene units in September 2020

Enterprise name device status device capacity remarks

Shandong Shengyun chemical shutdown 100000 tons, restart time to be determined

Ma’anshan Iron and steel policy of 80000 tons restarted on September 1

The parking capacity of Shandong Jinneng Chemical Co., Ltd. is 100000 tons to be determined

Shandong Derun parking 150000 tons to be determined

In terms of downstream demand, the recent cost pressure of hydrogenated benzene remains unchanged. With the price of pure benzene going down, the price pressure of hydrogenated benzene to crude benzene is still large. Some units have been restarted, but some units continue to delay restart.

In terms of aftermarket, the business club believes that the cost pressure of downstream hydrobenzene enterprises is still large, the market fundamentals of pure benzene are weak, the volatility of crude oil price is not good enough, the downstream market of pure benzene is under pressure, and the crude benzene market is expected to stabilize temporarily in the short term.