Price trend

According to the price monitoring of the business community, the price trend of cryolite in Henan Province was stable this week. On October 14, the average market price in Henan Province was 7775 yuan/ton, which was the same as that on October 8, with a month on month increase of 1.30%.

quotations analysis

This week, the cryolite market remained stable at a high level. The cryolite quotation ran smoothly. The raw material side was not enough to start construction. The supply of goods was tight. The cryolite enterprises were limited to start construction. There were many low load devices on the site. The enterprise inventory was tight. The prices of coal and natural gas were high in terms of fuel. The production costs of cryolite manufacturers were high. The cryolite prices were stable. The downstream of the demand side followed up as needed. The enterprise shipments were OK. The industry was mainly wait-and-see. Within the week, the cryolite manufacturer’s quotation was temporarily stable according to its own shipment situation. As of October 14, the factory quotation of cryolite in Shandong was 8000 yuan/ton, and that in Henan was 7500-8900 yuan/ton.

The upstream fluorite rose sharply. As of October 14, the average market price was about 2956 yuan/ton, up 3.07% in the week compared with the price of 2868 yuan/ton on October 8. The supply side mines were under construction, the processing costs of fluorite enterprises were under pressure, the spot supply was tight, and the price of fluorite rose.

The aluminum market in the downstream rose in shock. On October 14, the aluminum price was about 18726 yuan/ton, 2.02% higher than the price of 18356 yuan/ton on October 8. The aluminum price is supported by periodic production reduction, and downstream demand is limited. It is expected that the aluminum price will continue to fluctuate in the short term.

Future market forecast

Affected by the tight supply of raw materials, domestic cryolite enterprises have not started enough. Downstream purchase on demand has been followed up steadily. The enterprise’s shipment is relatively smooth. The high level of cryolite market is supported by good cost and downstream demand. From the perspective of supply and demand performance, it is expected that the cryolite market will continue to operate at a high level in the future.

Price trends: on October 13, Sinopec North China: Qilu Petrochemical offered 8050 yuan/ton, Shijiazhuang Petrochemical 8050 yuan/ton, and Tianjin Petrochemical 8000 yuan/ton;

East China: Yangzi Petrochemical quoted 8000 yuan/ton;

South China: Hainan Refining&Chemical Co., Ltd. offers 8000 yuan/ton;

Central China: Wuhan ethylene quoted 8000 yuan/ton;

Others: Jingbo Petrochemical quoted 8200 yuan/ton, Weilian Chemical 8103 yuan/ton, and Xinhai Petrochemical 8200 yuan/ton.

Analysis and comments: In terms of crude oil, OPEC lowered its global demand growth forecast. The market was worried about the impact of economic recession on oil demand, and oil prices fell for three days in a row.

Today, Sinopec’s pure benzene was reduced by 200 yuan/ton, Weilian Chemical’s pure benzene was reduced by 100 yuan/ton, and Xinhai Petrochemical’s pure benzene was reduced by 100 yuan/ton.

Crude oil fell for three days in a row, and the downstream styrene continued to weaken. The fundamentals of the pure benzene market were poor, and prices continued to fall. Today, Sinopec cut the price of pure benzene by 200 yuan/ton to 8000 yuan/ton before the festival. Today, the price of pure benzene in China is 8000-8200 yuan/ton.

According to the data monitored by the business community, as of October 12, the price of PET water bottle has been operating in a narrow range and weak. At present, the average price is 8170 yuan/ton, down 1.68% compared with the same period last week. The overall market is operating in a narrow range and weak. At present, the focus of negotiations is low, the market shipment is average, the logistics is smooth, and the operating rate is stable.

The domestic PET price is narrow and weak. Compared with the same period last week, the price has decreased slightly. At present, the market operation rate is normal, manufacturers mainly give up profits and take orders, the shipment is active, the logistics is smooth, the supply side is normal, the overall market transaction atmosphere is general, the negotiation atmosphere is fair, and the downstream readiness is general. At present, the mainstream price is about 8000 yuan/ton, and the small reduction is weak. The latest quotation of the enterprise: Shanghai Quyi Industrial Co., Ltd. 8200 yuan/ton, Nanjing Yuansu New Materials Co., Ltd. 8180 yuan/ton, Zhejiang Wankai 8150 yuan/ton.

PET analysts from the business community believe that the mainstream price of PET market is expected to be around 8000 yuan/ton in the short term, with a narrow range and weak operation. (If you want to know more about the latest market trends of the industrial chain, please pay attention to the official account of the business community, obtain commodity information, and master commodity prices.).

The styrene market fell on October 11. Shandong’s styrene production price was 9325.00 yuan/ton, down 1.06% from the previous trading day and 5.33% year on year.

According to the data of the business agency, the spot price of styrene has dropped in the recent shock. International crude oil futures closed lower, and the focus of pure benzene market rose. However, the inventory of ports in East China rose, and domestic supply also increased. The pressure on styrene inventory was high. Some downstream manufacturers had expected to stop production and reduce production. The demand decreased, and the spot market of styrene weakened. Downstream spot demand for styrene is weak, and the short-term styrene market is expected to decline mainly.

1、 Summary of prices of mixed xylene on October 9:

Qingdao Refining&Chemical Co., Ltd. quoted 8300 yuan/ton, Shijiazhuang Refining&Chemical Co., Ltd. quoted 8150 yuan/ton,

Jiujiang Petrochemical quoted 8350 yuan/ton, Yangba 8150 yuan/ton,

Guangzhou Petrochemical quoted 8550 yuan/ton, Maoming Petrochemical quoted 8550 yuan/ton,

Changling Refining&Chemical offered 8400 yuan/ton,

Xinhai Petrochemical quoted 8450 yuan/ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the OPEC+meeting decided to cut the output by 2 million barrels per day from November on the basis of that in August. The OPEC+production cut decided to benefit the crude oil market. International oil prices rose continuously during the holiday.

Due to the strong trend of crude oil on the cost side and tight spot supply of mixed xylene, the industry actively supported the price. However, the terminal gasoline market was slightly affected by the epidemic, and the rise was limited.