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Adipic acid prices remained strong in October, and supply and demand risks may pave the way for a correction

Adipic acid East China market price trend chart

povidone Iodine

According to the monitoring of business agency, in October, the price of domestic adipic acid rose sharply, and the market continued the rise in September. The monthly increase of adipic acid in East China was 14.80%. At the end of the month, the market price range of adipic acid was 12500-13000 yuan / ton. The main reason is the cost pull and supply shortage. According to the k-column chart of adipic acid in October of business society, the increase of adipic acid in October was stronger than that in the previous three months.

In terms of market supply, adipic acid manufacturers still have a lot of equipment maintenance this month. During the maintenance period of Shenma and Tianli high tech equipment, two sets of equipment in Tangshan Zhonghao are inspected in turn, and the restart time of Jiangsu Haili is delayed. The overall operating rate of domestic equipment is less than 60%, which is still in a tight supply pattern compared with the previous month. Tight supply is the fundamental reason driving the rise of adipic acid market. However, near the end of the month, the market gradually returned to rationality. With the recovery of some devices, the high price was slightly corrected.

Adipic acid industry chain trend chart

The adipic acid industry chain shows that the cost end is falling and the downstream is weak, but the adipic acid trend is strong, the manufacturer’s profits are greatly improved, and it also brings cost pressure to downstream PA66 and other industries.

Trend chart of pure benzene Market

Cyclohexanone market trend chart

In terms of cost, in the first half of October, pure benzene rose continuously and the price rose broadly; Adipic acid continued to rise due to the rising cost, but the price of pure benzene began to fluctuate downward in the second half of the month and fell deeply at the end of the month. However, the price of adipic acid did not fall due to the shortage of supply. The business community monitored that pure benzene fell 3.55% in the whole month.

In addition, the price of cyclohexanone is also a downward trend, and the domestic cyclohexanone market fell in October. According to the monitoring data of business agency, the average market price of domestic cyclohexanone at the beginning of the month was 12760 yuan / ton, and the average market price of domestic cyclohexanone at the end of the month was 11560 yuan / ton, a decrease of 9.40% in the month and a year-on-year increase of 95.38%.

PA66 market trend chart

Terminal demand: from the downstream demand of adipic acid, the demand performance is general, mainly maintaining the stability of rigid demand. According to PA66, the domestic PA66 market was at a high level in October, and the spot prices of various brands were corrected. As of October 29, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 40000 yuan / ton, with an increase or decrease of – 2.79% compared with the average price at the beginning of the month. As the traditional peak season gradually passed, the demand gradually weakened, the seller’s mentality became loose, and the offer was reduced from high to low. Therefore, the later demand may become an important factor restricting the price of adipic acid.

In the later stage, the business society believes that the adipic acid market is still strong in October and stronger than the upstream and downstream products of the industrial chain. The main reason is still the shortage of supply, but the market gradually stabilized at a high level and fell slightly at the end of the month. The main reason is the weak demand. It is expected that the supply will improve with the increase of the operating rate of adipic acid plant, When the downstream demand can not keep up in time, adipic acid will inevitably have a callback risk.

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In October, the price of domestic hydrochloric acid rose first and then fell, with an increase of 34.79%

Recent price trend of hydrochloric acid

povidone Iodine

As can be seen from the above figure, the domestic hydrochloric acid market price first rose and then fell this month. The quotation first rose from 293.80 yuan / ton on October 1 to 524.00 yuan / ton on October 25, an increase of 230.20 yuan / ton, an increase of 78.35%, and then fell to 396.00 yuan / ton on October 31, a decrease of 24.43%. On the whole, the hydrochloric acid market rose this month, and the hydrochloric acid commodity index was 104.21 on October 31.

The upstream support is general, and the downstream procurement is good

Domestic hydrochloric acid Market in October

manufactor October 1st October 19th October 25th October 31st

Dezhou Shihua 450 yuan / ton 750 yuan / ton 1000 yuan / ton 500 yuan / ton

Dezhou Maihua 170 yuan / ton 170 yuan / ton 260 yuan / ton 260 yuan / ton

Liaocheng Huatong 199 yuan / ton 280 yuan / ton 350 yuan / ton 300 yuan / ton

Xiangcheng San’an 450 yuan / ton 550 yuan / ton 550 yuan / ton 550 yuan / ton

Shanxi Wenshui 200 yuan / ton 290 yuan / ton 460 yuan / ton 370 yuan / ton

From the manufacturer’s quotation, the domestic hydrochloric acid market first rose and then fell this month, and the downstream demand is good. The quotation of Dezhou Shihua hydrochloric acid at the end of the month was 500 yuan / ton, which increased by 50 yuan / ton compared with the beginning of the month; The quotation of Dezhou Maihua hydrochloric acid was 260 yuan / ton at the end of the month, an increase of 90 yuan / ton compared with the beginning of the month; Liaocheng Huatong hydrochloric acid quoted 300 yuan / ton at the end of the month, which increased by 100 yuan / ton compared with the beginning of the month; The quotation of Xiangcheng San’an hydrochloric acid at the end of the month was 550 yuan / ton, which increased by 100 yuan / ton compared with the beginning of the month; The quotation of Wenshui synthesis this month is 370 yuan / ton, an increase of 170 yuan / ton compared with the beginning of the month.

Benzalkonium chloride

From the upstream and downstream industrial chain, the upstream liquid chlorine market is general and the support for hydrochloric acid is weak. The market price of downstream ammonium chloride decreased slightly, which had a negative impact on hydrochloric acid. The downstream ammonium chloride market has increased slightly recently. The quotation has increased from 1135.00 yuan / ton at the beginning of the month to 1205.00 yuan / ton at the end of the month, an increase of 6.17%, a year-on-year increase of 92.80% compared with the same period last year. The downstream white carbon black market rose sharply. The quotation increased from 5300.00 yuan / ton at the beginning of the month to 6875.00 yuan / ton at the end of the month, an increase of 29.72%, a year-on-year increase of 43.23% compared with the same period last year. The downstream market rose sharply and had a good enthusiasm for purchasing hydrochloric acid. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this month. Difficult delivery of hydrochloric acid is still a big problem.

Market outlook rose slightly

The recent market situation of upstream liquid chlorine is general, the cost support is general, the market situation of downstream ammonium chloride and white carbon black rises sharply, and the downstream procurement enthusiasm is good. Business analysts believe that hydrochloric acid has mainly increased slightly recently.

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Soda ash prices rose in October

1、 Price trend

Melamine

According to the monitoring data of business society, the price of soda ash rose this month. The average market price of light soda ash was about 3100 yuan / ton at the beginning of the month and 3575 yuan / ton at the end of the month, with a price increase of 15.32% and 91.52% over the same period last year. On October 28, the commodity index of light soda ash was 183.33, unchanged from yesterday, hitting a record high in the cycle, up 190.31% from the lowest point of 63.15 on November 18, 2015. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

According to the monitoring data of business agency, the price of soda ash is still strong this month. At present, the mainstream market price of light soda ash in East China is about 3500-3600 yuan / ton. The price of soda ash in North China is relatively strong, and the current market price of light soda ash is about 3500-3700 yuan / ton. Generally speaking, the short-term soda ash price is mainly high. The price rise of soda ash this month is affected by the dual control policy. The supply of soda ash decreases and the price rises.

In terms of demand: the glass price fell this month. The average price of glass at the beginning of the month was 36.77 yuan / m2, and the average price at the end of the month was 31.01 yuan / m2. The price decreased within the month, with a range of 15.66%. The focus of the glass spot market is down this month. In terms of subregions, the prices of some glass enterprises in Shahe, North China have been reduced, the downstream power and production have been limited, the main need for replenishment is just needed, and the overall production and sales are general. The focus of the trend in East China is downward, and the enterprises implement preferential policies. The downstream processing enterprises have general commencement, limited demand and just need to purchase. The spot glass price in Central China has been reduced, and the shipment is OK. The glass shipment in South China is general, waitun glass enters, local enterprises are under pressure to take goods, the downstream receiving is more cautious, and the price has been reduced. The operation of glass in Northeast China is relatively stable, and the prices of a few enterprises are reduced. The glass market trend in southwest and Northwest China is weak, the inventory is high, and the spot price of glass in the market is reduced.

Benzalkonium chloride

According to the price monitoring of the business community, in the price rise and fall list of chlor alkali industry in the 42nd week of 2021 (10.18-10.22), there were 3 kinds of commodities rising, 1 kind of commodity falling and 1 kind of commodity rising or falling to 0. The main commodities rising were hydrochloric acid (53.29%), caustic soda (6.19%) and light soda ash (1.43%); The main commodities falling were PVC (- 6.27%). The average rise and fall this week was 10.93%.

Business analysts believe that the domestic soda ash price is strong, the market is running, the market trading atmosphere is good, and the manufacturers are mainly active in shipping. However, the downstream glass price is still in conflict with the high price soda ash, the glass price is weak, and the soda ash is mostly purchased on demand. It is expected that soda ash will still focus on market consolidation and operation in the short term, depending on the downstream market demand.

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Cost collapse, supply is still tight, and POM prices are sideways at a high level

Price trend

povidone Iodine

According to the bulk list data of business society, the recent domestic POM market is sideways, and the high spot price remains firm. As of October 28, the average offer price of POM injection molding sample enterprises of business society was about 19700 yuan / ton, with an increase or decrease of + 3.14% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: Recently, with the sharp decline of futures, the spot market of domestic methanol has plummeted, which can not form a cost support for formaldehyde. Therefore, the formaldehyde analyst of the chemical branch of business society expects that the recent price of formaldehyde in Shandong will mainly fall by shock.

Melamine

Upstream formaldehyde continued to fall, and POM cost side support was general. In terms of industry load, there are still some maintenance production lines of polymerization plants that fail to produce, the operating rate is not high, and the market supply has not improved much. There is a tight supply of goods in the site, and there are advantages at the POM supply end. Tianye Chemical M90 quoted a reference price of about 18400 yuan / ton for negotiation. The ex factory reference price of Yuntianhua M90 is about 19300 yuan / ton, which is subject to firm negotiation. The reference price of Shenhua Ningmei mc90 is about 19300 yuan / ton, with cash withdrawal. The reference price of Tianye Chemical is about 19800 yuan / ton. The ex factory reference price of Yuntianhua M90 is about 20000 yuan / ton, which is subject to firm negotiation. The merchant’s inventory position is not high. Try to make a high offer. The downstream feedback on the high price supply after the rise is general.

Future forecast

Business analysts believe that the domestic POM market is stable at a high level, the upstream formaldehyde price falls, and the cost support of POM is weakened. The on-site supply is low, and the supply side is good. In terms of demand, the current terminal enterprises just need to receive goods normally, but the delivery and trading of high price goods on the site is poor. It is expected that the POM market may still stagnate in the short term.

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The cost supports the stable operation of the high price of industrial lithium hydroxide in October

According to the bulk list data of business society, as of October 27, the average price of domestic industrial lithium hydroxide enterprises was 166333.33 yuan / ton, which was the same as that on October 1, with a three-month cycle, a year-on-year increase of 69.15% and a year-on-year increase of 204.27%.

EDTA

On October 26, the lithium hydroxide commodity index was 396.03, unchanged from yesterday, hitting a record high in the cycle, up 296.03% from the lowest point of 100.00 on September 4, 2014. (Note: the period refers to the period from September 1, 2014 to now)

In October, the price of industrial lithium hydroxide was high and stable. After returning from the National Day holiday, the price of spodumene in the upstream was high, the price of lithium carbonate increased slightly, there was some support on the cost side, the devices of mainstream manufacturers in the supply side operated at a high level, the demand side performance was relatively stable, and the market operated smoothly. In the second half of the month, the cost side support was still strong, the tight supply situation was alleviated, and the focus of market negotiation was high and stable.

Melamine

Upstream lithium carbonate, lithium carbonate prices rose slowly on October 26. According to the price monitoring of business agency, as of October 26, the average price of industrial grade lithium carbonate in East China was 178200 yuan / ton, an increase of 6.20% compared with the average price at the beginning of the month. On October 26, the average price of battery grade lithium carbonate in East China was 185400 yuan / ton, an increase of 5.82% compared with the average price at the beginning of the month.

The lithium hydroxide analyst of business society believes that at present, the raw material price is strong, the cost pressure is still there, the market supply has increased, the demand has declined, and under the relative balance of supply and demand, it is expected that the domestic industrial lithium hydroxide market may be stable in the short term, and the specific trend needs to pay more attention to the market information guidance.

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The market price of dimethyl ether fall again at the end of the month

Near the end of the month, dimethyl ether is lack of action in the market, and the price is mainly falling again. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 6312.50 yuan / ton on October 24 and 5677.50 yuan / ton on October 25, with a decrease of 2.24% and an increase of 59.37% compared with September 1.

Azodicarbonamide (AC foaming Agent)

As of October 25, the domestic market prices of dimethyl ether in various regions are as follows:

region Specifications date offer

Shandong region Mass fraction of dimethyl ether: ≥ 99.0% October 25th 5750 yuan / ton

Hebei region Mass fraction of dimethyl ether: ≥ 99.0% October 25th 5700 yuan / ton

Henan region Mass fraction of dimethyl ether: ≥ 99.0% October 25th 5590-5650 yuan / ton

Although the dimethyl ether market ushered in a wave of rebound in late October, the rise did not last until the end of the month. On the 25th, the price of dimethyl ether fell again, and the market was obviously bad. The market price of raw methanol has been lowered one after another, and the cost support is insufficient. The market of liquefied gas and civil gas, the related products, mainly fell at the end of the month, which brought some bad news to the market. In addition, the recent supply of dimethyl ether in Shandong has increased, and the downstream mentality is cautious. The enthusiasm for entering the market is significantly weaker than that in the early stage, and multidimensional holds to make up for it on demand. The main production areas in Henan successively transferred profits to stimulate the downstream to enter the market, and individual manufacturers implemented the minimum guarantee policy.

Melamine

As for the methanol market, the domestic methanol spot market has fallen sharply recently and is still at a high level on the whole. This is mainly because the northwest takes out methanol, but the sales are general, the enterprise inventory increases, the Underground Tour in Shandong and so on, and the enthusiasm for receiving goods is not high. The methanol market fell sharply and the transaction was poor. After the sharp reduction of the factories in the main production area, the transaction was general, the local second adjustment soon appeared, and the terminal receiving price in northern Shandong was also reduced as scheduled. With the sharp decline of futures, mainland regions also began to follow the downward trend.

At present, the civil market of raw material methanol and related products liquefied gas is both weak, which brings obvious bad luck to the dimethyl ether Market. The downstream mentality is cautious, the enthusiasm for entering the market turns weak, the manufacturers’ shipment is blocked, and the profit transfer stimulates the downstream to enter the market one after another. The overall transaction atmosphere of the market is poor. It is expected that the dimethyl ether market will be mainly weak in the short term.

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Domestic isobutyraldehyde fell by 9.17% (10.18-10.22) this week

1、 Price trend

ferric sulfate (Poly ferric sulphate)

As can be seen from the above figure, the mixed price of isobutyraldehyde in China fell this week. This week, the average price of mainstream domestic isobutyraldehyde ex factory quotation fell from 18166.67 yuan / ton at the beginning of the week to 165000.00 yuan / ton at the end of the week, a decrease of 9.17%. Overall, isobutyraldehyde fell this week.

2、 Market analysis

The quotation of mainstream isobutyraldehyde manufacturers fell this week: the ex factory quotation of lihuayi isobutyraldehyde at the weekend was 16500 yuan / ton, which fell by 2000 yuan / ton compared with that at the beginning of the week; Liaocheng yuanze isobutyraldehyde offered 16500 yuan / ton at the weekend, down 1500 yuan / ton compared with the beginning of the week; Shandong Zhenkun isobutyraldehyde offered 16500 yuan / ton at the weekend, down 1500 yuan / ton compared with the beginning of the week.

Azodicarbonamide (AC foaming Agent)

From the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isobutyraldehyde fell slightly this week. The quotation fell from 9450.50 yuan / ton at the beginning of the week to 9184.67 yuan / ton at the end of the week, down 2.81%, up 25.44% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly, which had a negative impact on the price of isobutyraldehyde due to the impact of supply and demand. From the downstream industrial chain, the quotation of neopentyl glycol this weekend was about 19500 yuan / ton, down 300 yuan / ton from the beginning of the week. The neopentyl glycol market fell slightly and the spot market was tight, which had a negative impact on isobutyraldehyde.

3、 Future forecast

In the first ten days of November, the overall trend of isobutyraldehyde market may decline slightly. The upstream propylene market fell slightly, the cost support was general, the downstream neopentyl glycol market fell, and the downstream procurement enthusiasm weakened. Isobutyraldehyde analysts of business society believe that the isobutyraldehyde market may decline slightly in the short term under the influence of supply and demand and raw materials.

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Leading enterprises raised prices, and vitamin E prices increased (10.18 ~ 10.22)

Price trend

EDTA

According to the bulk list data of business society, domestic vitamin C operated smoothly this week, and the average price of food grade vitamin C was 48.67 yuan / kg, with no rise or fall.

According to the monitoring of business society, the domestic vitamin C market is running smoothly. At present, the mainstream price of food grade is 46-48 yuan / kg, and that of feed grade is 42-44 yuan / kg. Affected by double subtraction. Factory starts decreased, some factories stopped reporting, and prices tended to rise.

Upstream: the price of corn fluctuates. In October, the listing volume of corn in the main producing areas in China will continue to increase, and the price of corn in the main producing areas in China will continue to be weak on the whole.

The price of vitamin A remained stable this week, and the weekly average price of feed grade vitamin A remained stable at 286 yuan / kg. The mainstream price of vitamin A is 280-290 yuan / kg. Affected by the shutdown and maintenance of factories at home and abroad, the product supply has been reduced, the price has been supported, and the quotations of some traders have been raised.

povidone Iodine

The vitamin E market continued to rise this week, with an average price of 84 yuan / kg at the beginning of the week and 85 yuan / kg at the weekend, an increase of 1.19%. It is understood that XinHeCheng’s vitamin quotation was raised to 98 yuan / kg on the 18th, and the export quotation was US $13.5/kg, which boosted the ve market. The quotation of traders was raised, and the mainstream price of VE rose to 85-91 yuan / kg.

Future forecast

Vitamin analysts of the chemical branch of business society believe that: Overall, the overall market of vitamins has a stable upward trend. In the future, pay close attention to the opening and parking status and delivery of enterprises, and it is expected that the short-term market of vitamins may rise steadily.

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Domestic PET prices increased slightly and operated strongly

According to the data monitored by the business community, as of October 18, the average price of pet water bottle manufacturers was 8200.00 yuan / ton, and the pet price rose narrowly, up 5.13% compared with the same period last week and 18.84% compared with the same period last month. Pet maintained an upward trend and the negotiation atmosphere was acceptable.

Benzalkonium chloride

The domestic pet price is strong, the price rises slightly, and the transaction atmosphere in the spot market is positive. At present, the overall market operating rate is general, the downstream just needs to purchase, the atmosphere is positive, the mainstream price is about 8200 yuan / ton, the manufacturers actively ship, the logistics is smooth, and the supply side is normal.

The upstream PTA operates in a narrow range, the mainstream price is about 5300 yuan / ton, and some large PTA units are restarted, but the upstream cost support is OK, and the falling space is also limited. It is expected that the short-term PTA will remain high and volatile. PTA commodity index: on October 17, PTA commodity index was 54.06, the same as yesterday, down 47.98% from the highest point of 103.92 in the cycle (September 15, 2011), and up 79.66% from the lowest point of 30.09 on April 22, 2020. (Note: the period refers to the period from September 1, 2011 to now).

Pet analysts of business society believe that the pet market will remain strong in the short term. (to know more about the latest market trends, please pay attention to the official account of the business community, get information on goods and grasp the price of commodities).

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The price of domestic hydrochloric acid rose by 5.23% (10.11-10.15) this week

Recent price trend of hydrochloric acid

EDTA

It can be seen from the above figure that the comprehensive price of domestic hydrochloric acid increased this week, and the quotation increased from 306.00 yuan / ton at the beginning of the week to 322.00 yuan / ton at the end of the week, an increase of 5.23%, a year-on-year increase of 15% compared with the same period last year. On the whole, the domestic hydrochloric acid market rose this week, and the hydrochloric acid commodity index was 84.74 on October 15.

The upstream support is good, and the downstream procurement is general

From the manufacturer’s quotation, the manufacturer’s quotation in the domestic hydrochloric acid market rose this week. Dezhou Shihua hydrochloric acid offered 500 yuan / ton at the weekend, which was temporarily stable compared with that at the beginning of the week; The quotation of synthetic hydrochloric acid from Wen Shui at the weekend is 290 yuan / ton, which is 30 yuan / ton higher than that at the beginning of the week; Dezhou Maihua hydrochloric acid offered 170 yuan / ton at the weekend, which was temporarily stable compared with that at the beginning of the week; Liaocheng Huatong hydrochloric acid quoted 150 yuan / ton at the weekend, which was temporarily stable compared with that at the beginning of the week; Xiangcheng San’an hydrochloric acid quoted 500 yuan / ton at the weekend, up 50 yuan / ton compared with the beginning of the week

Melamine

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the market situation of upstream liquid chlorine is good and gives strong support to hydrochloric acid, while the high market prices of downstream silica and ammonium chloride have a positive impact on hydrochloric acid.

Future forecast

The recent market situation of upstream liquid chlorine is general, the cost support is general, the market situation of downstream white carbon black and ammonium chloride is high, and the downstream purchase intention is good. Business analysts believe that hydrochloric acid has mainly increased slightly recently.

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