According to the monitoring of the bulk data of the business agency, affected by the relationship between supply and demand, the domestic acetic acid market has been running steadily recently. As of September 8, the average price of acetic acid in East China was about 2490 yuan / ton, a decrease of 4.18% compared with 2390 yuan / ton at the beginning of the month. At present, there are 2450-2550 yuan / ton in Shandong, 2450-2550 yuan / ton in Jiangsu, 2550-2650 yuan / ton in Zhejiang, 2350-2400 yuan / ton in Henan, 2450-2500 yuan / ton in Hebei and 2050 yuan / ton in Northwest China.

Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.3000

Hualu Hengsheng 50.1600

Yangtze BP 50 1300

Jiangsu Sopu 120 3300

Celanese 1200 2000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35 500

Henan Shunda 40.1400

Longyu, Henan 50.1300

Henan Yima 25 parking

Shaanxi Yanchang 30.1000

Shanghai Huayi 70.1800

Anhui Huayi 50 parking maintenance

Dalian Hengli 35.1100

At present, the domestic acetic acid market started to decline slightly, and the overall inventory in the industry was low. In addition, it was in the traditional peak season of acetic acid market, and the downstream market and middlemen began to prepare goods before the festival. Therefore, the price of acetic acid continued to rise, and the enterprises pushed up with the trend. The atmosphere of speculation in the industry was strong.

In the upstream market, affected by the futures market and downstream demand, there are still favorable factors in the short term, and traders have a good bullish attitude, which is about 1725 yuan / ton at present. In the downstream, the downstream industries of acetic acid, such as vinyl acetate and acetate, are in a wait-and-see situation after rising. The cost support is good, and the purchasing demand in the downstream market is flat, which leads to the obvious warehouse pressure of some enterprises and insufficient support for the future market.

Recently, the international acetic acid market has been running steadily, among which, the price of acetic acid in Asia has risen slightly due to the decline of supply, and the current quotation is about 285-320 US dollars / ton; the supply and demand of European market is stable, and the price is stable, about 540 euro / ton; the North American market is driven by the rising price of raw material methanol, and the current price is about 450 US dollars / ton.

The acetic acid analysts of the business club believe that the current domestic acetic acid enterprise inventory is low, coupled with the strong market speculation mentality, the enterprise offer continues to rise, with the National Day holiday approaching, enterprise stock increases, it is expected that the acetic acid market will be strong in a short period of time.

The international crude oil price fell under pressure. On September 4, the domestic refined oil price adjustment ran aground, the gasoline market price rose steadily, the MTBE market purchase intention increased before the festival, and the market price rose slightly. The price of MTBE on September 4 was 3773 yuan / ton, up 1.07% from the beginning of the week, according to business agency data.

At present, there is less rainfall and sunny weather in most areas of China, and residents’ driving trips are increasing, and gasoline consumption is better. In addition, with the advent of the “golden nine” demand peak season, the MTBE market’s intention to prepare goods increased, the overall shipment of MTBE manufacturers was relatively smooth, the inventory decreased effectively, and the enthusiasm of MTBE manufacturers to push up was increased.

Analysts of MTBE products of energy branch of business agency believe that: crude oil prices will continue to fall under pressure in the short and medium term; with the arrival of the traditional peak season of gold, silver and ten, gasoline demand will increase, which is good for MTBE market prices, and it is expected that domestic MTBE market prices will continue to rise in the short term.

1、 Trend analysis

Copper prices fell sharply this week. As of the end of the week, the spot copper price was 51480 yuan / T, down 0.98% from the beginning of the week, up 11.09% year-on-year and 4.99% higher than the beginning of the year. Recently, copper price fluctuated mainly.

Output reduced, copper concentrate supply tight

Chile reported a 4.6% year-on-year decrease in copper production in July and a 2% year-on-year decrease in Peru’s copper production, indicating that production has basically returned to normal, and the impact of the epidemic situation is not as large as expected. However, the epidemic situation in Peru has not been well controlled. Peru has announced that the state of emergency will be extended to October. In the future, the mine will operate inefficiently for a long time, and the production will still be affected. At present, the bidding price of concentrate for shipping in October is still lower than US $50, which means that the concentrate supply in the fourth quarter remains tight and the refinery production is in deficit, the output release is bound to be limited.

China’s copper demand is basically released in an all-round way

Due to the impact of health events, China has basically returned to work, and copper demand has been basically released. However, the health events in the United States have not been controlled, resulting in the short-term release of copper demand. European health events have been repeated, and it is not clear how far the recovery will be. The situation of India, Brazil and other countries with faster copper consumption growth is similar to that of the United States, while the situation of other Asian countries is slightly better. Generally speaking, since China accounts for half of the demand, the expectation of copper demand side is gradually recovering slowly compared with the serious health events in China.

Export volume of copper producing countries rebounded

The output of copper mines in Chile and Peru, the major copper producers, has improved, and the export supply has gradually rebounded. In July, the output of Codelco of Chile’s national copper industry decreased by 4.4% year-on-year, but the output of the Escondida copper mine of BHP Billiton, and the copper mines of Glencore and Anglo American resources increased.

In view of the above situation, affected by the public events, copper production and demand were affected at the same time. With the alleviation of the epidemic situation, copper production gradually increased. The output of Escondida copper mine, the world’s largest copper mine, increased by 3.8% in July. Peru’s copper production recovered from the downturn in the first half of the year, and the supply side exerted pressure. However, the peak season is coming, and domestic demand may increase month on month Copper price short-term high shock is strong.

According to the monitoring data of the business agency, as of August 31, the average ex factory price of domestic propylene glycol was referred to as 7800 yuan / ton, which was reduced by 300 yuan / ton or 3.70% compared with August 13.

Inventory pressure increased in late August, propylene glycol market downturn frequency fell

In the first ten days of August, the domestic propylene glycol market mainly operated stably. In late August, due to the increase in port deliveries, imported propylene glycol continuously impacted the domestic market, and the storage of propylene glycol in the yard kept accumulating, and the sales pressure increased accordingly. In order to alleviate the inventory pressure, factories and suppliers lowered the offer price of propylene glycol in many factories on the 17th, with a reduction range of 50-100 yuan / ton. Under the pressure of cost, the market fluctuated narrowly, and the offer remained firm again. Until near the end of a few days, the market is difficult to withstand inventory pressure, the overall market into a downward trend.

As of August 31, the reference factory price of propylene glycol in Shandong is around 7800-7900 yuan / ton; that in South China is around 8000 yuan / ton; and in East China, it is around 7700-7800 yuan / ton.

The current market prices of propylene glycol in some areas of China are attached (data for reference only, unit: yuan / ton)

Product name up and down on 8 / 30 / 8 / 31

Propylene glycol in East China 7800 7800

8000 8000 in South China

Shandong Province 7800 7800

On the upstream side, the market of propylene oxide rose sharply in August. Near the end of the month, the market went up slightly again. At present, the market transmission was positive. On the 25th, there was no pressure on the propylene oxide plant, which supported the manufacturers’ market mentality. The price rose to 13266.67 yuan / ton. On the 26th, the new orders of the factory were still smooth, and the offer rose slightly to 13333.33 yuan / ton. On the 27th, the overall production and sales of propylene oxide plant were still under no pressure, However, the new orders slowed down slightly and the market was high. On the 31st, the reference price of propylene oxide was 13600.00, up 21.79% compared with August 1 (11166.67).

It is expected that the price of propylene glycol will be weak in the short term

The continuous high level of raw material propylene oxide supports the cost of propylene glycol. It is estimated that the probability of a sharp decline in propylene glycol market in the near future is small, the downstream purchasing atmosphere is general, the export performance is flat, and the current inventory is still high. Therefore, it is expected that the propylene glycol market will be weak and stable in the short term. Under the cost pressure of some factories, the price may rise slightly.

According to the monitoring data of the business agency, as of August 31, the average price of silicone DMC market quotation in the mainstream areas of data monitoring was 16866 yuan / ton. Compared with August 30, the average price was increased by 260 yuan / ton, or 1.61%. Compared with August 1, the average price was increased by 260 yuan / ton, or 1.61%.

In August, the overall market of silicone DMC was weak

In August, the overall market situation of domestic silicone DMC was weak and stable. At the beginning of the month, the quotation of DMC factory was slightly upward adjusted, and the market demand was general. In the middle of August, some factories stimulated the shipment and led the market to lower the quotation, and the market recovered after a small shock. During the last ten days of August, the market price of silicone DMC was mainly stable, the market quotation was almost no fluctuation, the downstream purchasing atmosphere was flat, the demand was general, and it was mainly used as soon as it was purchased. Until the 25th, the mainstream transaction price of silicone DMC market fluctuated narrowly and adjusted downward.

On the 31st, the “Jinjiu market” showed that the rising raw materials gave strong support to silicone DMC. On the last day of August, the silicone DMC rose strongly, and the offers of many factories were raised by 300-800 yuan / ton, and the maximum increase rate of a single enterprise was 1000 yuan / ton. At present, the mainstream quotation of silicone DMC in China is 16800-17200 yuan / ton, and the low-end offer is 16500 yuan / ton, up 500 yuan / ton compared with last week, and the high-end offer is 17500 yuan / ton, up 1000 yuan / ton compared with last week. At present, the downstream demand has improved, the replenishment atmosphere is positive, and the industry is more optimistic about the future market.

According to the business agency, the following is the DMC price and the start-up situation of some domestic silicone enterprises (for reference only)

Company name: total capacity of silicone plant operation status price remarks

Hesheng silicon 3.58 million tons / year, no offer for the time being, the plant runs smoothly, and the purified water is delivered to

Hubei Xingfa 320000t / a will not offer for the time being, and the normal operation of the plant will not offer for the time being

Zhejiang Zhongtian 120000 tons / year, no offer for the moment, stable operation of the plant, water purification tax included

Shandong Jinling 150000 T / a 17500 yuan / T plant runs smoothly and the purified water is delivered in cash

Luxi Chemical Co., Ltd., 80000 tons / year, 16500 yuan / ton, normal operation of the plant, and cash delivery of purified water

Inner Mongolia Hengye Cheng 240000 / T closed plate without reporting the normal operation of the plant, purified water tax included

Zhejiang Xin’an Chemical Co., Ltd., 340000 / T, 17000 yuan / T, normal operation, purified water tax included

Upstream, in August, the metal silicon market rose as a whole. On August 31, the reference price of silicon metal was 11208.33, up 1.97% compared with August 1 (10991.67). At present, the price range of ᦇ 441 metal silicon in Fujian is 10700-10800 yuan / ton, Sichuan is 11000-11100 yuan / ton, Kunming is 10900-11000 yuan / ton, Shanghai is 11700-11900 yuan / ton, Tianjin port is 11300-11500 yuan / ton, Huangpu port is 11200-1140 0 yuan / ton.

Welcome to the traditional peak season of “Jinjiu” DMC or a new round of rise

The rising market at the end of August gave the market a good start in September. At present, in the face of a month of downturn, the industry is more active in supporting prices, and the possibility of future bullish is high. With the arrival of the traditional peak season, the downstream has also entered a period of covering positions, driving the overall improvement of the market, giving the industry confidence. It is expected that the silicone DMC market will meet a new round of market rise in September.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to rise this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1416.67 yuan / ton, and that at the weekend was 1466.67 yuan / ton, up 3.53%.

2、 Market analysis

This week, the overall market of sodium metabisulfite has improved. Supported by the cost of raw materials, some manufacturers have continuously increased the ex factory price of sodium metabisulfite, which has driven the domestic sodium metabisulfite market price to bottom and continue to rise. This week, the market price range of industrial sodium pyrosulfite is 1300-1600 yuan / ton, and most of the prices are around 1400-1500 yuan / ton. The production of the enterprise is relatively stable, and the price continues to rise, which promotes the downstream enterprises’ willingness to prepare goods. The demand will further support the future market price of sodium pyrosulfite. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

Since the beginning of August, the prices of upstream products of sodium metabisulfite have risen in an all-round way. As of August 28, the price of soda ash has risen by 25.64%, the price of sulfur has risen by 24.61%, and the cost of raw materials has risen sharply. Driven by the cost, the market price of sodium pyrosulfite has risen accordingly.

3、 Future forecast

Business agency analysts believe that the sharp rise in raw material costs will lead to higher market prices of sodium metabisulfite, which will trigger the downstream trade entities to stock up, and the market price of sodium metabisulfite will rise further in the future.