According to the bulk data monitoring of business society, the price trend of acetic acid rose sharply in September. At the beginning of the month, the quotation of acetic acid was 6060.00 yuan / ton, which soared nearly 3000 yuan in the month. As of September 29, the price of acetic acid rose to 8950.00 yuan / ton, an increase of 47.69%, and on September 27, the price of acetic acid once rushed to 9050.00 yuan / ton, breaking a ten-year high.

As of September 29, the details of acetic acid market prices in various regions in China during the month are as follows:

region September 1st September 18th September 29th

South China 5850-5900 yuan / ton 7200-7300 yuan / ton 8700-8900 yuan / ton

North China 5950-6100 yuan / ton 7200-7400 yuan / ton 9000-9100 yuan / ton

Shandong region 5900-6100 yuan / ton 7100-7350 yuan / ton 8900-9050 yuan / ton

Jiangsu region 5850-5950 yuan / ton 7600-7950 yuan / ton 8900-9000 yuan / ton

Zhejiang region 5900-6000 yuan / ton 7650-8000 yuan / ton 9000-9100 yuan / ton

From the price trend of acetic acid Market in September, the overall fluctuation is that the price is stable at the beginning of the month, and the price of acetic acid rises sharply in the middle and late ten days. In the early stage, the overall supply of goods in the market was sufficient, the downstream demand was weak, and the purchase was dominated by rigid demand; After more than a month of wait-and-see operation of acetic acid from mid July, acetic acid has started the soaring mode since September 13, and the market can not be pulled. One day, the price is high, and the enterprise’s single day increase of 800 yuan has even become common. The fundamental reason is that the low operation of domestic acetic acid plants is the main reason. In September, Shandong and Jiangsu acetic acid plants were affected by power restriction and double control, and the operation of some plants is limited; The planned maintenance or failure of acetic acid manufacturers in North China and Northwest China led to the parking of the unit, the supply of goods in the yard was tight, and the negotiated price rose. After the Mid Autumn Festival, the unit remained low, the supply of goods in the market was tight, and the price of acetic acid continued to rise sharply due to the active promotion of traders in the field.

The market of downstream ethyl acetate rose sharply in September. As of September 29, the quotation was 10300 yuan / ton, an increase of 25.23% over the price of 8225 yuan / ton at the beginning of the month. In September, ethyl acetate manufacturers had a lot of equipment maintenance. The main domestic manufacturers of Jiangsu Baichuan, Yankuang and Taixing Jinjiang successively stopped for maintenance, with low start-up, a sharp decline in supply, tight market supply, and traders’ reluctance to sell, resulting in a tense market atmosphere, and the price of ethyl acetate continued to rise.

Market outlook for acetic acid: Analysts of business society believe that although the current acetic acid market is running at a high level, the supply side enterprises are overhauling their devices, and the inventory is tight, the devices in the field will recover one after another after the national day. In addition, due to the strong demand in the downstream and the attitude of being more resistant to high prices, under the game of supply and demand, it is expected that the market outlook may be high or down, Specific attention shall be paid to the commencement of devices in the field after the festival.

Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on September 30 was 4585 yuan / kg, a decrease of 9.82% compared with the average early trading price of spot market in early September (September 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 17.39%.

On September 30, the spot market price of gold was 363.44 yuan / g, a decrease of from the early average price of 380.20 yuan / g in the spot market price in early September (9.1); Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 7.45%.

Precious metal prices fell endlessly in September, mainly based on investment factors, and the trading logic revolved around the Fed’s interest rate decision.

International macro news

The results of the FOMC meeting in September were generally hawkish. Although the specific taper schedule was not announced, the advance of the expectation of interest rate increase in the dot matrix and Powell’s statement on ending the bond purchase as early as November and mid-2022 at the press conference after the meeting showed a lot of hawkish atmosphere. In its September resolution, the Federal Reserve first determined that it might adjust the pace of asset purchase soon. After the meeting, chairman Powell made it more clear that it might take action even if there was no strong employment data support at the end of the year. The Federal Reserve may announce taper at the FOMC meeting in November at the earliest and officially implement it in December, and end QE around June next year. According to the latest dot matrix, most officials predict that interest rates will be increased by 2023, but some officials support one or two interest rate increases in 2022. In the future, the market’s attention will shift from taper to interest rate hike.

Overall, the improvement of U.S. economic data in September boosted the expectation of the Federal Reserve to tighten the money supply. Coupled with weak fundamentals such as capital sentiment and physical demand, precious metal prices were relatively weak in September.

The dollar index strengthened

Since September 6, the US dollar index has stopped falling and bucked the trend, restraining precious metals to a certain extent.

Recently, gold has fallen compared with silver

The gold silver ratio has an increasing trend, which is mainly based on the good bearable performance of gold in the near future, and the recent decline of silver has expanded significantly. The rebound momentum of gold weakened, and the support for silver price weakened. In terms of gold silver ratio, silver valuation is still neutral and high. The overall trend of gold silver ratio since March is upward, which may indicate that risk aversion has increased and inflation expectations have weakened.

Future forecast

Recently, the price of precious metals is still weak.

According to the monitoring data of business agency, as of September 29, the average price of propylene oxide enterprises was 17333.33 yuan / ton, an increase of 8.11% compared with September 1 (the reference price of propylene oxide was 16033.33 yuan / ton), and a year-on-year increase of 17.12% in a three-month cycle.

The propylene oxide market rose slightly in September. In the first ten days, as the inventory fell to a low level, the factory made a strong market offer, and the downstream new orders were general. It just needed passive follow-up, and the price rose slightly. In the middle of the year, under the influence of the “double control” policy, the manufacturers reduced the load or stopped the car to varying degrees, the overall market supply was reduced, the transaction was improved, and the price rose again. In the last ten days, some units operated at low load, and the market supply was still tight. The tight balance between supply and demand drove the market upward. Near the end of the month, the production restriction policy affected the propylene oxide and downstream start-up load. The market was relatively stable, the overall trading atmosphere was general, and the market operated smoothly.

Upstream propylene, according to the bulk list data of business society, as of September 28, the reference price of propylene was 7965.67, up 3.6% compared with September 1 (7688.55).

According to the monitoring data of downstream propylene glycol, as of September 28, the reference price of propylene glycol was 21100.00, an increase of 23.63% compared with September 1 (17066.67); For the downstream soft foam polyether, on September 29, the soft foam polyether market in Shandong became lower. At present, the mainstream quotation is around 17300-17700 yuan / ton.

The propylene oxide analyst of business society believes that, on the whole, the current cost impact is limited, the follow-up of new downstream polyether orders is general, and the overall market atmosphere is weak. It is expected that in the short term, the propylene oxide market may focus on wait-and-see consolidation, and more attention should be paid to the changes in supply and demand.

Recent price trend of hydrochloric acid

As can be seen from the above figure, the domestic hydrochloric acid market price rose this month. The quotation increased from 293.33 yuan / ton at the beginning of the month to 299.80 yuan / ton at the end of the month, an increase of 6.47 yuan / ton, or 2.21%. On the whole, the hydrochloric acid market rose this month, and the hydrochloric acid commodity index was 78.95 on September 27.

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

From the manufacturer’s quotation, the hydrochloric acid Market in Shandong has twists and turns this month, falling first and then rising, and the downstream demand is good. The quotation of Dezhou Shihua hydrochloric acid at the end of the month was 450 yuan / ton, which decreased by 50 yuan / ton compared with the beginning of the month; The quotation of Dezhou Maihua hydrochloric acid was 170 yuan / ton at the end of the month, an increase of 20 yuan / ton compared with the beginning of the month; Liaocheng Huatong hydrochloric acid quoted 199 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 is 450 yuan / ton, which is temporarily stable compared with that at the beginning of the month; The quotation of Wenshui synthesis this month is 230 yuan / ton, and the quotation is basically stable.

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 fell slightly recently. The quotation fell from 1170.00 yuan / ton at the beginning of the month to 1115.00 yuan / ton at the end of the month, down 55.00 yuan / ton, down 4.70%, up 79.84% year-on-year compared with the same period last year. The downstream white carbon black market rose slightly, and the quotation increased from 5100.00 yuan / ton at the beginning of the month to 5300.00 yuan / ton at the end of the month, up 200.00 yuan / ton, or 3.92%, up 12.77% year-on-year compared with the same period last year. The downstream market rose and fell, and the purchase enthusiasm for hydrochloric acid was general. On the whole, the upstream and downstream products had a negative 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 and falls, and the downstream purchase intention is general. Business analysts believe that hydrochloric acid has mainly increased slightly recently.

According to the data monitored by the business agency, as of September 27, the average quotation price of domestic premium DMF enterprises was 13800.00 yuan / ton. The DMF price went down this month, with a monthly decline of 10.39%, a monthly decline of 1600 yuan / ton, a 7.38% decline this week and a price drop of 1100 yuan / ton.

In the first ten days of September, the DMF market continued its upward trend, with no pressure on inventory and a positive negotiation atmosphere. The downstream just needed procurement and follow-up atmosphere was strong. The mainstream price was about 15000 yuan / ton. The demand for foreign orders increased, the shipment of contract orders was smooth, the increase of new orders was slow, the DMF market was strong in the short term, the upstream methanol quotation was temporarily stable, and the mainstream price was about 2700 yuan / ton, Market prices in various regions are mostly stable.

In mid September, the price was mainly stable and weak, the negotiation focus was stable, the narrow range operation was mainly, the downstream wait-and-see atmosphere was strong, and the procurement enthusiasm was general. At present, the mainstream price was around 14900 yuan / ton. After entering the weak operation of DMF in late September, the negotiation focus fell, the narrow range operation was mainly, the downstream wait-and-see atmosphere was strong, and the procurement enthusiasm was general, At present, the mainstream price is around 13800 yuan / ton.

The atmosphere of upstream methanol transaction is general. The negotiated price in the methanol market in southern Shandong is up to 3450 yuan / ton, the nearby factory provides cash exchange, Linyi receives the negotiated price of local goods to 3350-3400 yuan / ton and delivers it to cash exchange. There is no offer for logistics goods for the time being. The trading situation remains to be observed. The negotiated price of methanol market in central Shandong is stable at 3400-3420 yuan / ton and delivered to spot exchange. The price of local methanol factory in central Shandong is stable at 3500 yuan / ton, and the factory provides spot exchange. The transaction is OK. The transaction of methanol market in Dongying, Shandong Province is up to 3370-3380 yuan / ton and sent to cash exchange. The transaction is limited for the time being.

DMF analysts of business society believe that DMF will maintain weak and stable operation in the short term. (to know more about the latest industry market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the price of commodities).

1、 Price trend

As can be seen from the above figure, the comprehensive price of potassium chloride is temporarily stable this week. The average price of mainstream comprehensive quotation of potassium chloride this week is 3535.00 yuan / ton. Overall, the potassium chloride market was temporarily stable this week, and the potassium chloride commodity index was 112.22 on September 24.

2、 Market analysis

The quotation of mainstream potassium chloride manufacturers this week is temporarily stable: the factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 3270 yuan / ton, which is temporarily stable compared with that at the beginning of the week; Anhui kaimi’s potassium chloride distribution quotation is 3800 yuan / ton, which is temporarily stable compared with that at the beginning of the week. There is a tight supply of marketable potash fertilizer in China. Although the production enterprises are fully engaged in production, the operating rate is slightly low and the self-sufficiency rate is insufficient. At the same time, the delivery of international potash fertilizer suppliers is delayed and the arrival at the port is limited.

3、 Future forecast

The overall trend of potassium chloride Market in late September may fluctuate slightly. The international demand for potash fertilizer is strong, but the domestic available supply is in short supply. Potassium chloride analysts of business society believe that the short-term potassium chloride market is dominated by high-level consolidation under the influence of supply and demand and raw materials.

According to the data monitored by the business society, as of September 24, the average price of domestic power type high-class lithium iron phosphate was 63000.00 yuan / ton, rising in the upstream, rising in the market price of lithium iron phosphate, high focus of negotiation, normal inventory, just in need of procurement in the downstream, and cautious transaction atmosphere.

The lithium iron phosphate Market is dominant in a narrow range, the upstream cost support is strong, all the way up, the rise is not reduced, the negotiation focus is high, lithium iron phosphate keeps up with the pace, the transaction atmosphere is strong, the lithium iron phosphate market price rises, and the trend is strong in the short term.

Upstream lithium carbonate: Recently, the price of lithium carbonate is still rising rapidly. Affected by the high price auction of lithium ore, the quotation of lithium carbonate continues to rise, and the quotation price of some enterprises is close to the range of 190000 / T. With the approaching of the National Day holiday, the downstream inventory is gradually reduced, and the procurement demand is significantly increased, but the supply is still limited at present.

Analysts of lithium iron phosphate in business society believe that the price of lithium iron phosphate is expected to be strong in the short term, and the operation will rise. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

Product Name: phosphate rock

Latest price (September 23): 643.33 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, on September 23, the average price of domestic phosphorus ore market was 643.33 yuan / ton, which was the same as that of the previous working day. On the 23rd, the domestic phosphate ore market has been running steadily as a whole. At present, the mine supply is still tight. Some mining enterprises in Guizhou are tight and the price is high. A small amount of spot goods are mainly orders from old customers. On the 23rd, the price of 28% grade phosphate rock freight plant in Guizhou was around 540-560 yuan / ton. On the 23rd, there was little change in the overall market supply and demand.

Future forecast: the National Day is approaching, and the demand may increase before the festival. It is expected that the domestic phosphorus ore market will continue to be strong and operate at a high level.

1、 Price dynamics of isomeric mixed xylene:

Qingdao refinery offers 5750 yuan / ton, Shijiazhuang Refinery offers 5650 yuan / ton,

Jiujiang Petrochemical offers 5900 yuan / ton, and Yangba offers 5600 yuan / ton,

Guangzhou Petrochemical offers 5850 yuan / ton, Maoming Petrochemical offers 5800 yuan / ton,

Changling refinery offers 5800 yuan / ton,

Shandong Jingbo Petrochemical quoted 5850 yuan / ton, Xinhai Petrochemical quoted 5900 yuan / ton, and Hongrun Petrochemical quoted 5950 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the United States lifted travel restrictions on tourists from 33 countries; Oil and gas production in the Gulf of Mexico has not fully recovered; The market is worried about the tight supply caused by the continued decline of U.S. crude oil inventories.

During the festival, the atmosphere of mixed xylene market negotiation was light; Crude oil and external market fell, and external guidance was weak. The market lacks favorable guidance, and the return of mixed xylene after the festival continues to be weak.

On September 18, the market of potassium nitrate was stable. According to the statistics of business agency, the quotation of mainstream domestic potassium nitrate manufacturers this week was 5200-5700 yuan / ton (the quotation is for reference only). The quotation is different according to different procurement conditions.

In the near future, the supply of potash fertilizer market is relatively stable, the procurement of downstream factories is not active, the demand is poor, and the market transaction is slow. It is expected that the market price of potassium nitrate may decline in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and sorted and analyzed by potassium carbonate analysts of business society. They are for reference only. Please contact relevant manufacturers for more price details).