According to the Commodity Market Analysis System of the Business Society, as of October 20th, the average price of epoxy propane enterprises was 9475.00 yuan/ton, which is unchanged compared to Monday’s price.

This week, the epoxy propane market remained stable and organized. At the beginning of the week, the raw material propylene market was relatively strong, with increased cost support, acceptable supply side shipments, and gradually easing inventory pressure. Downstream wait-and-see followed up appropriately, and the focus of negotiations in the epoxy propane market was mainly on stability. On the 20th, the mainstream quotation in the Shandong epoxy propane market was around 9250-9400 yuan/ton. The raw material propylene market showed weak performance, and the cost side still had support. Factory shipments were average, and the market wait-and-see atmosphere was strong.

Upstream Propylene: According to the Commodity Market Analysis System of Business Society, the Shandong propylene market maintained stable operation on October 19th, with a mainstream market quotation of 7200-7250 yuan/ton, which provides strong support for the epoxy propane market.

The epoxy propane analyst at Business Society believes that the current cost support is still acceptable, and the supply side is temporarily stable. The demand side is following up and watching to slow down. It is expected that in the short term, the epoxy propane market may operate steadily, showing signs of weakness, and more attention needs to be paid to market news guidance.

According to the Commodity Market Analysis System of Business Society, in mid October, terminal rigid demand decreased, and the hydrogen peroxide market continued to decline, with a drop of over 1%. On October 16th, the average market price of hydrogen peroxide was 1533 yuan/ton. On October 19th, the average market price of hydrogen peroxide was 1516 yuan/ton, with a price drop of 1.09%.

Demand Drops, Hydrogen Peroxide Market Declines

In mid October, the demand for stocking in the terminal printing and papermaking industry fell, and the price of hydrogen peroxide slowed down after experiencing a significant decline in the previous period. The mainstream quotation for 27.5% hydrogen peroxide in Shandong region dropped to 1500 yuan/ton, while the mainstream quotation for 27.5% hydrogen peroxide in Hebei region dropped to 1550 yuan/ton, and the mainstream quotation for 27.5% hydrogen peroxide in Anhui region dropped to 1500 yuan/ton. The overall price of 27.5% hydrogen peroxide in China has dropped by about 50 yuan/ton.

Li Bing, a chemical analyst at Business Society, believes that terminal demand is poor, and the future market of hydrogen peroxide is under pressure.

According to monitoring data from Business Society, as of October 18, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4200 yuan/ton, which was basically unchanged compared to October 13. Compared to October 1 (reference price of dimethyl carbonate was 4333 yuan/ton), the price was reduced by 133 yuan/ton, a decrease of 3.08%.

After the National Day holiday, the performance of the domestic dimethyl carbonate market was poor, and the overall market situation was weak and declining. Entering this week, the dimethyl carbonate market has entered a stage of post decline consolidation and stable operation. At present, the downstream demand for dimethyl carbonate is average, and the support provided by the demand side is still limited. The market supply and demand transmission is still relatively slow, and the overall market is mainly weak and consolidation operation. As of October 18th, the domestic market price of dimethyl carbonate is around 3900-4300 yuan/ton.

Analysis of Future Market Trends

At present, the demand in the downstream new energy field of dimethyl carbonate is average, and the transmission of downstream demand is relatively stable. Just in need of stock is the main demand. According to the dimethyl carbonate data analyst of the Business Society, in the short term, the adjustment of the market range of dimethyl carbonate is the main operation, and the specific trend still needs to pay more attention to the changes in supply and demand information.

According to data monitored by the Business Society, as of October 17th, the average price quoted by domestic premium DMF enterprises was 5250 yuan/ton. This week, the DMF price fell sharply, with a decrease of 1.87%. Currently, the mainstream price is around 5200 yuan/ton.

This week, the overall DMF market experienced a narrow decline, with prices falling by 1.87% compared to the same period last week. Currently, the mainstream price range is 5200.00 yuan/ton, and the downstream procurement atmosphere is average. There is insufficient demand, and upstream cost support is average. Currently, manufacturers are shipping smoothly, and they are selling at a profit margin.

Chemical index: On October 16, the chemical index was 926 points, a decrease of 5 points from yesterday, a decrease of 33.86% from the highest point of 1400 points in the cycle (2021-10-23), and an increase of 54.85% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

DMF analysts from Business Society believe that in the short term, the DMF market will operate steadily and weakly.

This week, the lead market (10.6-10.13) fluctuated and declined, with the average price in the domestic market at 16500 yuan/ton over the weekend and 16300 yuan/ton at the beginning of the week, a decrease of 1.21%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar indicates the range of fluctuations. The recent market trend has been relatively strong, with the lead ingot market rising for 10 consecutive weeks. After September, the overall market has slightly decreased.

In terms of the futures market, it has been fluctuating and declining this week, with inventory of lead rising to over 90000 tons, reaching a new high since June 2021. After the holiday, the spot market has increased in supply and the market mentality is weak. In terms of supply and demand, some enterprises in the main production area will undergo maintenance after October, but some enterprises that underwent preliminary maintenance will resume production, so the overall change in supply is not significant. As the weather turns colder on the demand side, the seasonal peak season is approaching its end, and market expectations for the future market have been lowered, resulting in an overall weak market mentality. Overall, the peak season of the lead ingot market is coming to an end, with high overseas inventory and approaching delivery date. Currently, overall social inventory is high, and the market is operating weakly under high inventory pressure. The bearish trend is currently expected to be weak in the lead ingot market as a whole.

On October 15th, the base metal index stood at 1191 points, unchanged from yesterday, a 26.30% decrease from the cycle’s highest point of 1616 points (2022-03-09), and an 85.51% increase from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were four commodities in the non-ferrous sector on the list of commodity prices in the 41st week of 2023 (10.9-10.13), with cobalt (1.10%), nickel (0.44%), and titanium concentrate (0.15%) ranking among the top three commodities. There are a total of 15 products that have decreased compared to the previous month, with zinc (-4.64%), lead (-1.98%), and aluminum (-1.70%) being the top three products in terms of decline. This week’s average rise and fall was -0.66%.