According to the Commodity Market Analysis System of the Business Society, the industrial grade first class potassium nitrate in Shanxi was reported at 5375 yuan/ton at the beginning of the week, and 5425 yuan/ton at the end of the week, an increase of 0.93% and a month on month decrease of 2.25%. The current price has dropped by 7.66% year-on-year.

potassium nitrate

The domestic potassium nitrate market has risen this week. From the above chart, it can be seen that after a continuous month of decline in the potassium nitrate market, the market has bottomed out and rebounded this week. Recently, the domestic potassium chloride market has been fluctuating and rising, with reasonable cost support. Downstream procurement remains in demand, and manufacturers ship according to orders, resulting in an increase in the market. According to statistics from Business News Agency, mainstream domestic manufacturers of potassium nitrate quoted 5100-5300 yuan/ton this week (for reference only), and the prices vary depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and increased: the prices of salt lake and Zangge potassium chloride have temporarily stabilized. The downstream market of potassium chloride has slightly increased, and downstream demand has increased, with primary demand for procurement. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. In the short term, the import price of domestic potassium chloride may slightly increase.

Recently, the domestic potassium chloride market has been on the rise. Currently, the price of imported 62% white potassium is mostly between 2930-2980 yuan/ton, and downstream purchases are still in demand. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.

Product name: PVC

Latest price: 5864 yuan/ton

Analysis points: On November 8th, the spot market price of PVC fell, and the trading atmosphere on the market weakened. Today, futures fell first and then rose, with a slight increase in closing prices. At present, the PVC spot market is average, with poor downstream demand and a focus on wait-and-see. The transaction situation in the spot market is light.

It is expected that the PVC spot market will be organized and operated within the range in the short term.

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market price of neopentyl glycol has slightly decreased this week. This week, the average price of the mainstream domestic market for neopentyl glycol dropped from 10600.00 yuan/ton at the beginning of the week to 10525.00 yuan/ton at the weekend, a decrease of 0.71%, and the weekend price increased by 8.88% year-on-year. On November 7th, the new pentanediol commodity index was 50.24, a decrease of 0.48 points from yesterday, a decrease of 51.51% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 16.70% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

This week, the mainstream market price of neopentyl glycol slightly decreased.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has significantly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 8300.00 yuan/ton at the beginning of the week to 7933.33 yuan/ton at the weekend, a decrease of 4.42%, and the weekend price increased by 16.10% year-on-year. The upstream raw material market prices have significantly decreased, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of neopentyl glycol.

3、 Future prospects

In mid November, the market trend of new pentanediol may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market has significantly declined, with insufficient cost support. The downstream paint market is average, and the enthusiasm for downstream procurement is average. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.

Recent price trends of calcium carbide

According to the Commodity Market Analysis System of the Business Society, the ex factory prices of calcium carbide in the northwest region have temporarily stabilized this week. This week, the average ex factory price of mainstream calcium carbide manufacturers in northwest China was 2916.67 yuan/ton, and the weekend price fell by 24.89% year-on-year. On November 5th, the calcium carbide commodity index was 76.42, unchanged from yesterday, a decrease of 63.99% from the cycle’s highest point of 212.23 points (2021-10-26), and an increase of 37.72% from the lowest point of 55.49 points on March 14th, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Weakened upstream support and increased downstream demand

From the supply side perspective, the ex factory prices of calcium carbide in the northwest region have temporarily stabilized this week, and the manufacturer’s inventory is average.

The upstream blue charcoal market slightly declined, while the downstream PVC market prices slightly increased. This weekend, the price of Shenmulan charcoal intermediate was around 1230-1330 yuan/ton, with a decrease of about 100 yuan/ton, indicating insufficient cost support. The PVC market price has slightly increased this week, rising from 5854.00 yuan/ton at the beginning of the week to 5884.00 yuan/ton at the weekend, an increase of 0.51%. Weekend prices fell by 2.40% year-on-year. The PVC market price has slightly increased, and downstream customers have a good enthusiasm for purchasing calcium carbide. The downstream PVC market has a positive impact on the price of calcium carbide.

Calcium carbide may fluctuate and decline in the aftermarket

In mid November, the calcium carbide market may experience narrow fluctuations and decline. Although the downstream PVC market has slightly increased and downstream demand has improved, the price of raw material blue charcoal has slightly decreased, and cost support is insufficient. It is expected that the price of calcium carbide in the northwest region will fluctuate and fall in a narrow range in mid November, with consolidation being the main trend.

1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol continued to decline this week. At the beginning of the week, the average price of isopropanol in China was 8500 yuan/ton, while the average price over the weekend was 7870 yuan/ton. During the week, the price decreased by 7.41%.

The market price of isopropanol continued to decline this week. At present, the market situation is light, and the overall trading sentiment is not good. The upstream acetone market saw a significant decrease in acetone manufacturers, resulting in weak cost support. Traders have low enthusiasm for buying goods, weak market price confidence, and downstream customers are more wait-and-see. They are cautious in actual orders and transactions. As of now, the majority of quotations for isopropanol in the Shandong region are around 7550-7600 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 8100-8200 yuan/ton.

In terms of raw material acetone, the market price of acetone fell this week. At the beginning of the week, the average price of acetone was 7425 yuan/ton, while on Friday, the average price was 6937.5 yuan/ton, a decrease of 6.57%. Acetone continued to decline this week, leading to a weakening market and a slowdown in intraday trading.

In terms of propylene, according to the Commodity Market Analysis System of the Business Society, the domestic propylene (Shandong) market prices have increased this week, with an average price of 7100.75 yuan/ton at the beginning of the week and 6958.25 yuan/ton at the weekend. The price has decreased by 2.01%. At present, the propylene market is average, with significant cost pressure on enterprises and prices stabilizing.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the upstream acetone market has significantly declined, the propylene market price has fallen, and both raw materials are weak, resulting in weak cost support. The overall market demand is lukewarm and tepid, and downstream and traders are cautious in purchasing, so they are more wait-and-see. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.