According to the monitoring of the business community, the average price of the domestic PTA spot market on November 17 was 5713 yuan/ton, down 1.75% from the previous day.

At present, the commencement of PTA industry is stable at about 74%, of which a 2.4 million ton PTA plant in East China is planned to be overhauled for about 10 days in late November. The fall in crude oil price has weakened the support for PTA cost. The high inventory of polyester plants in the downstream will not be changed. Large plants will carry out a new round of joint production reduction. It is said that the industry starts to fall below 50%. In terms of terminals, the operating rate of looms in Jiangsu and Zhejiang provinces has dropped to around 57%. It is expected that after December, textile enterprises will have more annual holidays.

According to the analysts of the business community, the current downstream off-season characteristics are obvious, which has a significant drag on the demand for PTA. The accumulation of PTA may increase significantly. Superimposed on the production expectation in the fourth quarter, it is expected that the PTA market will continue to be weak.

According to the data of the business society, the chloroform market fell sharply this week (11.4-11.11). As of November 11, the price of chloroform bulk water in Shandong was 3275 yuan/ton, down 9.97% from 3673 yuan/ton last Friday. There was no significant increase in the new demand for chloroform, the supply side was loose, the factory price of enterprises was lowered, and the business offer was lower.

This week (11.4-11.11), the commencement of methane chloride increased slightly, and the pressure on the chloroform supply surface continued.

This week (11.4-11.11), the spot market of methanol fell slightly, and the cost of chloroform fell slightly. According to the business community, as of November 11, the spot price of methanol was 2759 yuan/ton, down 3.66% from 2864 yuan/ton last Friday. At present, the domestic methanol market is expected to rebound in a narrow range after falling.

At present, the downstream refrigerant market is at a low level; Under the epidemic situation, some enterprises started at a low level, and the demand for chloroform was weak.

Analysts from the methane chloride data of the business agency believe that the supply side is loose, the demand side is weak, and the cost side may rise after the recent decline. It is expected that the trichloromethane market will fluctuate in a narrow range in the later period.

The recent weakness of the domestic methanol market is mainly due to the low demand and general trading atmosphere. At the same time, the supply is relatively abundant, and the contradiction between supply and demand is still an important factor restricting the development of the methanol market. The short-term methanol market or the weak situation is dominated.

According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market fell from 2824 yuan/ton to 2799 yuan/ton from November 8 to 15. During the cycle, the price fell 0.88%, 2.21% month on month and 7.92% year on year.

According to the monitoring data of the business community, the average price of domestic methanol production enterprises fell from 2900 yuan/ton to 2823 yuan/ton from November 8 to 15. During the cycle, the price fell by 2.64%, 4.27% month on month and 7.13% year on year.

As of the closing on November 15, methanol in Zhengzhou Commodity Exchange rose in shock. The main methanol futures contract 2301 opened at 2565 yuan/ton, the highest price was 2610 yuan/ton, the lowest price was 2551 yuan/ton, and the closing price was 2594 yuan/ton, up 32, or 1.25%, from the previous trading day. The trading volume was 1580449 hands, the position volume was 1012052 hands, and the daily increase was 29629 hands.

As of 11.15, the summary of methanol market prices in various regions:

Region, price

Shanxi, 2570-2600 yuan/ton

Liaoning, about 2700 yuan/ton

In the two lakes region, about 2850-2870 yuan/ton

Henan Province, 2820 yuan/ton

The price of products in the methanol industry chain rose and fell, the price of natural gas in the upstream of methanol was stable, the price of coal fell, and the cost of methanol was generally supported; In the downstream products, the price of methane chloride in Shandong Province dropped the most.

In terms of external market, as of the closing on November 14, the closing price of CFR Southeast Asia methanol market was USD 364.50-365.50/ton. US Gulf Methanol Market closed at 96.75-97.75 cents/gallon; FOB Rotterdam methanol market closed at 323.25-324.25 euros/ton, down 2.75 euros/ton.

Region, country, closing price, up and down

Asia, CFR Southeast Asia, 364.50-365.50 USD/ton, 0 USD/ton

Europe, America, Gulf of America, 96.75-97.75 cents/gallon, 0 cents/gallon

Europe, FOB Rotterdam, 323.25-324.25 euros/ton, -2.75 euros/ton

There is abundant supply and little change in demand. The transportation in some areas is not smooth. Methanol analysts of the business community predict that the domestic methanol market may be dominated by weak ones.

DOP prices fell first and then rose this week

According to the data monitoring of the business community, as of November 14, the DOP price was 10040 yuan/ton, down 2.71% from 10320 yuan/ton on November 4. This week, the DOP price fell first and then rose, and the DOP market became stable.

The price of raw material isooctanol fell first and then rose

According to the price monitoring of the business community, as of November 14, the price of isooctanol was 9166.67 yuan/ton, down 3.85% from 9533.33 yuan/ton on November 4. Recently, transportation has resumed, the price of isooctanol has fallen, market supply and demand are deadlocked, and the price of isooctanol is strong and stable.

Price of raw material phthalic anhydride fluctuated and fell

According to the price monitoring of the business community, as of November 14, the quotation of phthalic anhydride by o-benzene method was 9150 yuan/ton, down 3.05% from the price of 9437.50 yuan/ton on November 4. The price of orthophthalic anhydride dropped sharply this week, the price of orthophthalic acid dropped, the cost dropped, and the price of phthalic anhydride fell.

Future market expectation

According to the DOP data analyst of the business agency, the price of isooctanol fell first and then rose, while the price of phthalic anhydride fell sharply. In general, DOP cost support has weakened, demand has warmed up, and DOP prices are expected to be strong and stable in the future.

This week (11.4-11.11), the acrylonitrile market was at a high and firm level. According to the data monitoring of the business community, as of November 11, the price of bulk water in the acrylonitrile market was 11390 yuan/ton, up 2.15% from 11150 yuan/ton last Friday. At the beginning of the month, the manufacturer’s listing price was raised, and the merchant’s offer was rising. At present, the self lifting price of the acrylonitrile market is between 11000 yuan and 12000 yuan/ton, and the market performance is strong.

The domestic acrylonitrile unit started lower this week, and the supply is tighter than in the early stage. According to the business community, the 210000 t/a acrylonitrile unit of Anqing Petrochemical was shut down for maintenance at the end of October. This week, the 260000 t/a acrylonitrile unit of Kroor was shut down for maintenance. The acrylonitrile supply is expected to decline.

This week (11.4-11.11), the raw propylene market rose sharply and the cost rose. According to the monitoring of the business community, as of November 11, the domestic propylene price was 7330 yuan/ton, up 4.71% from 7000 yuan/ton last Friday. During the week, some units in Shandong stopped and the supply decreased, which was good for the rapid rise of the Shandong market. At the same time, downstream trading and investment were active. With the price rising many times, the atmosphere of downstream trading and investment began to weaken, and the market price stopped rising and stabilized on Friday.

Recently, the commencement of ABS downstream of acrylonitrile continues to maintain a high level, which just needs support for acrylonitrile; The downstream acrylamide is basically stable when starting, and just needs support for nitrile rubber; The downstream acrylic fiber starts to decline slightly, the downstream nitrile rubber declines slightly, and the support for acrylonitrile decreases slightly.

Future forecast: acrylonitrile analysts from the business community believe that the cost of acrylonitrile has risen slightly at present, the downstream ABS continues to need support, and the support of other products has weakened slightly. Some enterprises stop for maintenance. It is expected that the acrylonitrile market will continue to maintain a high level in the month.