According to the price monitoring of business agency, the domestic market price of spandex rose sharply in October. As of October 27, the average market price was 37200 yuan / ton, up 12.39% compared with the beginning of the month and 17.13% higher than that at the beginning of the month. Spandex manufacturers offer to varying degrees up, it is understood that according to the manufacturer’s own situation, spandex manufacturers pushed up 2500-6000 yuan / ton in the month. The upstream raw material price remains high, the cost side support is not reduced, and the downstream terminal customers purchase on demand, and the actual transaction needs to be discussed in detail.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 37000-40000 36000-39000 30000-33000

Shandong 38000-40000 37000-39000 31000-34000

Fujian 38000-40000 37000-39000 31000-34000

Jiangsu 37000-40000 36000-39000 30000-33000

Price statistics of domestic pure MDI market in October (unit: yuan / ton)

Regional up and down from September 27 to October 27

South China 19500-20000 34000-35000 14500-15000

North China 19500-20000 34000-35000 14500-15000

East China 19500-20000 34000-35000 14500-15000

As of October 27, the market reference price was 34000-35000 yuan / ton, and the telegraphic transfer barrel was subject to the actual order negotiation, with a month on month increase of 14500-15000 yuan / ton. The industry started to operate by 52%, and continued to decline slightly, resulting in the shortage of factory supplies. In October 2020, the listing price of pure MDI in barreled containers of Wanhua chemical was 19800 yuan / ton, which was 1800 yuan / ton higher than that in September 2020. The main raw material PTMEG continued to rise. The mainstream quotation of 1800 molecular weight goods source was 15000-15500 yuan / ton, and the actual order negotiation was 14200-15400 yuan / ton, with a month on month increase of about 1000 yuan / ton. In terms of devices, 75% of the industry has been started, and most of them are stable. Among them, the 40000 ton unit in Yizheng Dalian is still in shutdown, and the 60000 ton unit in Xinjiang Guotai Xinhua is in shutdown.

Downstream customers continue to just need to pick up the goods, Zhejiang Xiaoshao area enterprises started normal, the round machine, wrapping yarn market operating level maintained at 70-80%; downstream enterprises in Wujiang area started to maintain stable, the wrapping yarn market operating level maintained at 70-80%. The overall market in Fujian was stable, with lace at 40% and warp knitting at 60-70%; the enterprises in Guangdong had a slight improvement, and the market of yarn wrapping, warp knitting and circular knitting machines remained at 60-80%.

The international and domestic textile and garment markets continue to pick up as the “double 11″, Christmas, Spring Festival and other festivals are approaching. According to the latest data of the General Administration of customs, in September 2020, the export of textiles and clothing reached 28.37 billion US dollars, an increase of 18.2%, including 13.15 billion US dollars of textile exports, an increase of 35.8%, and clothing exports of 15.22 billion US dollars, an increase of 6.2%. In addition, this year’s cold winter is expected to be good for winter clothing sales, with more cold proof fabrics and factory orders remaining near the early November. For example, in the traditional market of China Light and Textile City, the varieties of new fashion fabrics and leisure top fabrics in autumn and winter increased, and the transaction volume of many varieties increased.

Business agency analysts believe that spandex manufacturers still maintain tight goods, high prices, at the same time, the current cost of good support does not reduce, the end customer demand follow-up is OK. In November, the domestic demand market will enter the traditional off-season, and the epidemic situation in foreign countries is still severe. Some countries and regions in Europe and the United States once again take restrictive measures. There is still great uncertainty in the demand recovery. Textile enterprises also have concerns. They adopt the business strategy of more market-oriented atmosphere and single production for raw material procurement. Overall, the spandex market in November was more volatile and adjusted, which was expected to narrow the increase compared with October.

1、 Price trend

According to the large data list of business associations, the average price of domestic phosphoric acid on October 27 was 4950 yuan / ton, flat on the previous day, up 1.71% month on month, 7.48% lower than the beginning of the year, and 7.76% lower than the same period last year

2、 Market analysis

The market price of phosphoric acid was mainly consolidated on the 27th. Supported by the cost of raw materials, the price of yellow phosphorus continued to rise, resulting in the price of phosphoric acid. At present, most enterprises in the phosphoric acid market have raised their prices, but the increase is not large. Some regions have strong confidence in supporting prices, and most of them are in a wait-and-see attitude. At present, the follow-up of downstream demand is general, and the market trading is flat, mainly to digest the increase. According to the monitoring of the business agency, as of October 27, the average market price of 85% industrial purified water phosphoric acid was about 4950 yuan / ton, the price of Sichuan Province was 4700-5400 yuan / ton, and the price was rising steadily; the quotation of Yunnan Province was about 4800 yuan / ton, with stable trading; the price of Beijing was about 4700 yuan / ton, the price was temporarily stable; the price of Hubei Province was 4800-5050 yuan / ton About RMB / ton, the price rises; the quotation in Tianjin is about 5600 yuan / ton, which is stable and wait-and-see; the quotation in Jiangsu is about 4700 yuan / ton, rising steadily. Prices are rising steadily.

In terms of raw materials, the domestic yellow phosphorus market rose slightly. The spot sales in the yellow phosphorus market are basically normal, but the spot is a little nervous, and the manufacturers are reluctant to sell. The price in Yunnan is relatively stable; the price in Guizhou rises; the price in Sichuan rises slightly. The normal water period is approaching, the electricity price in Yunnan and Sichuan will be increased in the next month, and the production cost of yellow phosphorus enterprises will increase. It is expected that in the short term, the price of yellow phosphorus enterprises will be dominated.

Regional product specification date price (yuan / ton)

Phosphoric acid content in East China: 85% October 27 5310-5320

Phosphoric acid content in Southwest China: 85%, October 27 4760-4770

Phosphoric acid content in Central China: 85% October 27 5310-5330

3、 Future forecast

Phosphoric acid analysts in the chemical branch of business society believe that due to the strong support of the cost of raw materials, most phosphoric acid enterprises are in a wait-and-see state, and the price fluctuates with the raw material end. It is expected that the price of phosphoric acid may continue to rise in the short term.

1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

Melamine market rose slightly this week. According to the monitoring sample data of business agency, as of October 23, the average price quoted by melamine enterprises was 5633.33 yuan / ton, up 1.20% compared with the beginning of the week, 0.60% higher than September 23, and 11.18% year-on-year in a three-month cycle. This week, the domestic demand is stable, and the increase of export orders supports the price rise. At present, the enterprises are supported by the orders received in advance and the goods are OK. The melamine commodity index on October 23 was 60.57, flat with yesterday, down 39.43% from 100.00 (2011-09-18), and 11.18% higher than the lowest point of 54.48 on July 26, 2020. (Note: period refers to 2011-09-01 to now)

At present, the mainstream quotation of melamine in Shandong is around 5500 yuan / ton, that in Xinjiang is around 4900 yuan / ton, and that in Sichuan is around 5400 yuan / ton.

Upstream urea, on October 23, urea market in the East rose slightly. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.

According to the price monitoring of the business agency, there are 38 kinds of commodities in the chemical industry sector in the 42 weeks (10.19-10.23) list of commodity price rise and fall in 2020, including 7 commodities with an increase of more than 5%, accounting for 7.6% of the total number of commodities monitored in this plate; the top three commodities of increase are butadiene (19.12%), hydrogen peroxide (12.76%) and DMF (12.17%). There were 19 kinds of commodities with a decrease of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products were acetone (- 9.67%), R22 (- 4.60%) and baking soda (- 4.18%). This week, the average rise and fall was 0.97%.

3、 Future forecast

Melamine analysts from the business agency believe that the price of upstream urea has risen slightly in the near future, and the cost support has been strengthened. At present, the enterprises mainly focus on the early order delivery. It is expected that the melamine market will be stable in the short term, and the specific trend needs more attention to the start-up situation of enterprises.

According to the monitoring of the business agency, the domestic market price of phthalic anhydride rose this week. As of the 23rd, the price of phthalic anhydride was 5637.5 yuan / ton, which was 1.35% higher than the price of 5562.5 yuan / ton at the beginning of the week, with a year-on-year decrease of 14.26%, and the domestic market price of phthalic anhydride rose.

This week, the domestic phthalic anhydride market price trend continued to rise, the phthalic anhydride market situation is general, the downstream demand has increased in recent years, the price of orthobenzene has remained stable, the trend of plasticizer market has risen, and the trend of phthalic anhydride price has increased slightly. Domestic phthalic anhydride manufacturers have little change in operation, and the operating rate of phthalic anhydride is about 60%. The domestic phthalic anhydride spot supply is normal. The downstream plasticizer industry mainly purchases on demand. The on-site merchants have a strong wait-and-see mood, and the market price of floor trading is mainly rising. The price trend of phthalic anhydride market in East China rose, and high-end transactions were limited. In East China, the mainstream of neighboring France source negotiation was 5600-5800 yuan / ton, naphthalene method was 5300-5500 yuan / ton; in North China, the mainstream quotation of phthalic anhydride market was 5500-5700 yuan / T, and the market outlook of phthalic anhydride was still in the market, the exchange trading market was improved, and the price trend of phthalic anhydride market increased slightly.

This week, the domestic o-benzene price remained at a low level, and the floor price remained at 4400 yuan / T. the low domestic o-benzene price was a negative influence on the phthalic anhydride market. In addition, the import o-benzene market in the port area fluctuated, and the external price of o-benzene was mainly stable. The actual transaction price was subject to negotiation. The actual list was discussed in detail. In addition, the on-site o-benzene merchants had a strong wait-and-see mood, the low price of o-benzene fluctuated, and the raw material of o-benzene was o-benzene The low price is bad for domestic phthalic anhydride market price, and the price trend of phthalic anhydride market is limited.

The trend of DOP market price in the downstream of phthalic anhydride fell down this week. According to the monitoring of business agency, the domestic DOP price was 7433.33 yuan / ton as of the 23rd, which was 0.45% lower than that of 7466.67 yuan / ton at the beginning of the week. The price of isooctanol in the field was temporarily stable, and the cost of DOP raw materials fell back. The equipment of DOP enterprises resumed to increase, the price of PVC fluctuated and adjusted at a high level, and the purchasing enthusiasm of downstream customers was normal In general, DOP market offers 7400-7700 yuan / T, plasticizer turnover is general, the downstream market changes little, and the domestic phthalic anhydride market price trend is limited.

On the whole, the recent trend of crude oil price is volatile, and the domestic price of o-benzene is stable, but the market trend of domestic plasticizer industry is general, and the market price trend of phthalic anhydride rises slightly.

In the future, the domestic o-benzene price trend is mainly volatile, but the plasticizer trading market has not actually improved, the plasticizer price change is not big, the future DOP price trend has a downward trend, it is expected that the phthalic anhydride market price will maintain high volatility next week.

According to the data monitoring of business agency, as of October 16, the average ex factory price of domestic butanone market was 6666.67 yuan / ton, which was increased by 500 yuan / ton, or 8.11%, compared with the price on October 12; compared with the price on September 1, the average price was increased by 450 yuan / ton, or 7.24%; the maximum amplitude from September 1 to October 16 was 17.30%.

Domestic butanone market raised price by 8.11% in two rounds this week

This week, the overall domestic market for butanone is getting better. Low inventory gives the industry confidence. Factories and shippers are eager to rise. At the beginning of the week, Shandong factory first raised the ex factory price of butanone by 200 yuan / ton, and the average ex factory price of butanone rose to 6300 yuan / ton. Subsequently, Nanjing, Ningbo and other regions raised the ex factory price of butanone one, which opened the curtain of rising market of butanone. Near the end of the week, South China and East China again raised the ex factory price of butanone by 300-350 yuan / ton. At present, as of the 16th, the ex factory price of butanone in South China is around 6800 yuan / ton, that in North China is 6500-6600 yuan / ton, and that in South China is around 6700 yuan / ton. The average ex factory price of domestic butanone market is 6666.67 yuan / ton. Compared with the price at the beginning of the week, the average price of butanone increased by 500 yuan / ton, up 8.11% during the week.

After the festival, the market of butanone finally rose

Upstream, this year’s “Jinjiu” LPG civil market did not usher in an upward market, but went further and further down the line. However, after entering the “silver decade”, the LPG civil market was more reluctant, and finally met a sharp rebound. During the double festival holiday, the market has opened the upward route. After the festival is continued to rise sharply, the rise in South China is the most prominent rise, the market is more sustained. According to the data monitoring of business agency, taking Guangzhou Petrochemical Company as an example, the civil price of liquefied gas of Guangzhou Petrochemical Company was 2748 yuan / ton on September 30, and 3348 yuan / ton on October 14, with an increase of 600 yuan / ton. Other regions are not weak. The overall center of gravity of the civil gas market has moved up, and now it has risen to more than 3000 yuan / ton.

New order transaction limited market stability operation

After the overall price rise of butanone market, the increment of new orders is not much, the turnover of small orders is mainly, and the demand is not obvious, the market continues to rush high, and the power is insufficient. At present, the inventory is normal and the accumulation is not much, and the industry is firm and the price mood is still strong. Therefore, it is expected that the butanone market will maintain stable operation in the short term.

The international crude oil price fluctuated in a narrow range, and the gasoline market price fell steadily, while the MTBE manufacturer’s shipment situation was general, and the market price fell steadily. The price of MTBE on October 16 was 3633 yuan / ton, up 2.64% from the beginning of the week, according to business agency data.

The international crude oil market is intertwined with long and short news, and the international oil price is operating in a narrow range. WTI crude oil prices rose 1.28% and Brent crude oil prices rose 0.19%. However, the promotion effect on the gasoline market is limited. In terms of gasoline demand, the demand for replenishment in the post holiday market has not brought substantial improvement to the refined oil market. Moreover, the number of car trips after the festival is reduced, the terminal demand is reduced, and the overall performance of gasoline demand is not good. Refineries lack confidence in the future market. They still purchase more intermediate materials such as MTBE on demand, while MTBE manufacturers are weak in shipment. The spot supply of MTBE decreased slightly compared with the previous period, but the overall supply was still at a high level. The overall MTBE market fell slightly.

According to MTBE product analysts of energy branch of business agency, the international crude oil market is not favorable, the international crude oil and gasoline market prices are still at risk of falling, and refineries are not active in replenishing MTBE and other intermediate materials. It is expected that domestic MTBE prices will continue to fall under pressure.

According to statistics, the price trend of domestic fluorite is temporarily stable. As of the end of the week, the average price of domestic fluorite was 2666.67 yuan / ton, which was flat compared with the price of 2666.67 yuan / ton at the beginning of the week, with a year-on-year decrease of 6.98%.

Fluorite prices have not changed much in the near future, but some fluorite manufacturers have not seen a good trend in the domestic market. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is not good, and the fluorite market price remains stable temporarily. In the near future, the downstream hydrofluoric acid market price remained low, and the terminal downstream on-demand procurement was dominant, and the purchasing sentiment was not strong. As of the 12th, the price of 97 fluorite wet powder in Inner Mongolia was 2400-2600 yuan / ton, the mainstream of 97 fluorite wet powder negotiation in Fujian was 2500-2700 yuan / ton, the price of 97 fluorite wet powder in Henan was 2600-2700 yuan / ton, and the price of 97 fluorite wet powder in Jiangxi was 2600-2700 yuan / ton, Recently, the domestic fluorite price remains stable.

The price trend of hydrofluoric acid downstream of fluorite is stable. As of the 12th day, the domestic hydrofluoric acid market price was 8410 yuan / ton. This week, the hydrofluoric acid market price remained low. The low hydrofluoric acid market price had a certain negative impact on the upstream fluorite market, and the fluorite market price trend was temporarily stable. In recent years, the sales market of automobile industry is general, but the market of refrigerant downstream of the terminal is slightly lower. There is no obvious improvement in the demand for refrigerants. The foreign economy is recovering continuously. However, the export of refrigerant terminal has not changed much. However, the domestic air-conditioning industry starts at a low level and the demand for maintenance and after-sales service is weak. On the whole, foreign demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, and the inventory is in a reasonable range. Although the market price has increased, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 15000-15500 yuan / ton 。 The market of R134a in China has dropped, the automobile market industry has been in a downturn, the demand is weak, the market trading center has shifted downward, and the transaction atmosphere is light. There is sufficient supply of goods in the market, and there are new production capacity entering the market in the future market. The competition is fierce. The supply side gradually forms a negative situation. The price keeps falling. The downstream demand is not improved. The price of fluorite remains low.

On the whole, the market situation of downstream refrigerants is not good. In addition, hydrofluoric acid merchants have reported that hydrofluoric acid delivery is poor, and the downstream hydrofluoric acid market is in a serious deficit state. Chen Ling, an analyst at the business agency, believes that the fluorite market price may remain low in the short term.

In September 2020, the domestic market price of 1 ᦇ antimony ingot will rise. The average price of domestic market will be 38375 yuan / ton at the beginning of the month and 40500 yuan / ton at the end of the month, with an increase of 5.54%.

On September 28, the antimony commodity index was 54.99, unchanged with yesterday, down 46.26% from 102.32 (2012-10-16), and 17.05% higher than 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

In the first half of this month, the price of antimony products remained stable, the market trading atmosphere was light, the inquiry was limited, the downstream purchase on demand, the transaction was general, and the overall market performance was flat in the first half of this month. At the beginning of the middle of the year, although the price of antimony products remained stable, the market turnover gradually increased, downstream procurement increased, and foreign demand improved, and the market atmosphere began to become active. With the continuous tight supply of ore, manufacturers are reluctant to sell and other factors continue to ferment into the late ten days, antimony products officially ushered in the second wave of rise in the year. The price of antimony products began to rise under the combined influence of multiple favorable factors such as the improvement of foreign demand, the strong attitude of domestic manufacturers to support prices, the preparation of goods before the long holiday and the tight supply at the mine end. After three rounds of rising, the average price of 2 × low Bi sb ingot was 39750 yuan / T, 1:40250 yuan / T, 0:41250 yuan / ton, and the average price of 2:00 high bismuth antimony ingot was 37750 yuan / ton, which was 2000-2500 yuan / ton higher than that of last month. The market price of antimony trioxide closely follows the rising trend of antimony ingot. As of the 30th, the average market price of antimony trioxide is 99.5% at 36000 yuan / ton and 99.8% at 37500 yuan / ton, which is 1500-2000 yuan / ton higher than the same period of last month.

According to the business association, under a series of favorable factors, such as frequent fluctuations in the international and domestic metal markets, frequent positive factors, rising foreign prices, reluctance of antimony manufacturers to sell antimony products, worries about future market supply and improvement of downstream demand, it is expected that the future market price will be stable and strong.

According to the price monitoring of the business agency, the price of lithium carbonate in the East China market showed a downward trend in September, and the prices of industrial carbon and electric carbon decreased to varying degrees. As of September 27, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton, which was 500 yuan / ton lower than the average price at the beginning of the month (the average price of industrial carbon in East China was 40000 yuan / ton on September 1), a decrease of 1.25%. On September 27, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was 700 yuan / ton lower than the average price at the beginning of the month (the average price of carbon in East China was 44900 yuan / ton) at the beginning of the month, a decrease of 1.56%.

According to the observation of market changes, the market price of lithium carbonate in September was in the trend of first falling and then rising. In the first ten days, the quotation price of a small number of enterprises has been slightly lowered, which is mainly due to the high price in the early stage, so the price is reduced to attract customer resources, while most other lithium carbonate manufacturers basically maintain relatively stable prices. With the arrival of the late ten days, the inventory of lithium carbonate is becoming more and more tight. As the low-cost source of goods has gradually begun to decrease, the enterprises with low quotation in the early stage began to raise the price of lithium carbonate. However, due to the lower prices in the earlier period, the overall price trend in September was relatively low.

In the early stage of this month, some large lithium salt factories have been in full production, and their production capacity may fall short of demand. However, the market share of battery grade lithium carbonate is relatively high, and the demand for downstream ternary materials recovers slowly. The pressure of terminal cost reduction will continue to transmit to the upstream, and the pace of price increase of battery grade lithium carbonate is still under pressure. In the later stage, the industrial grade lithium carbonate inventory situation became tight, and the downstream purchase from large factories was in short supply, and the price rebounded accordingly.

The prices of the downstream lithium hydroxide Market and lithium iron phosphate Market are still in a stable situation, and the market supply has been at a high level. Due to the large increase in demand in the third quarter, the demand side may enter the state of de stocking in the fourth quarter. This month, the comprehensive price of industrial grade lithium carbonate is in the range of 33500-42000 yuan / ton, and the comprehensive price of battery grade lithium carbonate is between 39000 yuan / ton and 45000 yuan / ton.

According to the lithium carbonate analysts of the business club, although lithium carbonate seems to be in a good state at present, there are not many enterprises that have raised their prices. Most of them are still in stable operation, and the high trading volume has not yet constituted the mainstream. It is expected that the future lithium carbonate price is still in the state of interval price fluctuation.

September ushered in the traditional sales peak season of the gas market, but the market showed the market was not prosperous in the peak season, and the overall trend of the gas market was weak. According to the data monitoring of business agency, the LPG market showed a continuous downward trend in September. On September 1, the average price of domestic LPG market was 3200.00 yuan / ton, and on September 24, the average price was 2876.67 yuan / ton, a decrease of 10.10% in the month and a decrease of 24.30% compared with the same period last year. On September 1, the average price of domestic natural gas market was 2406.67 yuan / ton, and the average price on September 24 was 2406.67 yuan / ton. The price was flat at the end of the month compared with the beginning of the month, with the largest earthquake amplitude of 2.35%, and the price fell by 15.95% compared with the same period last year.

In September, the overall trend of LNG fell first and then rose. In the first half of September, natural gas first continued the decline in August and continued to be weak. Although the traditional off-season in August has passed and the traditional sales peak season in September has come, with the resumption of production of maintenance enterprises, the market supply has become more and more abundant, the situation of supply exceeding demand is still the same, the market trading is not warm and the downstream demand is insufficient to follow up, and the liquid price continues to decline.

Until the middle of September, the natural gas market ushered in a stop fall rise. Until September 24, the average market price had returned to the level before the fall at the beginning of the month. After the middle of the year, the liquid factory adjusted the quotation in a narrow range according to its own delivery situation, among which Shaanxi, Ningxia, Inner Mongolia and other places have a strong atmosphere of adjustment, but the increase is not big. After continuous price reduction in the early stage, the current inventory pressure is not big, the shipment situation has been improved, the superimposed weather turns cool, the bad factors in the demand off-season gradually fade, the market trading is stable, and the market stops falling and rising. However, due to the abundant market supply, the liquid price has been restrained and there is no significant increase.

Looking at the LPG civil market, the trend is not as optimistic as that of natural gas. In September, the focus of the civil gas market shifted downward, and the range was more obvious. In the first ten days of September, the civil market of liquefied petroleum gas (LPG) started its downward route, and the decline was more and more large. Due to the continuous weak decline of international crude oil, the news brought obvious pressure on the LPG market. With the arrival of autumn, the temperature gradually drops, the weather turns cool, and the terminal demand is expected to increase. However, due to the market status, the terminal consumption is still weak, most of the downstream purchasing capacity is insufficient, and the shipping atmosphere of manufacturers is not good. In the LPG market supply changes little, the production is more adequate, it is difficult to change the decline. Manufacturers’ inventory pressure gradually increased. Continuously reduce the price and give priority to shipment. The prices of some manufacturers have fallen below 3000 yuan / ton.

In the middle of September, the LPG market finally ushered in the first rise in the month, but the market was too short and disappeared in only two days. Then the market went down again. Negative factors dominated the month, LPG market rebound fruitless, forced to go down. The main reason for this rebound comes from international crude oil. Due to the sharp decline of US crude oil and gasoline stocks, the superposition of Hurricane “Sally” forced the United States to block a large number of oil production, and international oil prices rose sharply. The news brought a significant boost to the market. Shandong LPG rose slightly in line with the trend, and rose 0.91% on September 16-18. But only two days after the rally, it went down again.

But the LPG market rebound failed, the main reason for its rebound failure is terminal demand. In September, with the arrival of autumn, the temperature gradually turns cool, and the terminal market is expected to improve. However, the demand this year is slower than that in previous years. The current September is about to pass, and the market has not yet improved significantly. The downstream demand has not increased, and the main consumption of inventory is more. Most of them are cautious and enthusiastic about entering the market. And the market supply of liquefied gas has little change, and the output is relatively sufficient. Due to the poor delivery situation and the gradual accumulation of inventory, manufacturers were forced to lower the price to stimulate downstream market entry.

According to the data, this year’s gas market is not better than last year’s market. The average price of LNG or LPG has dropped sharply compared with the same period last year. The main reason for the sluggish gas market in September this year is that market supply exceeds demand. In the autumn, the weather gradually turns cool, and the terminal demand is expected to increase. However, in September, due to the lack of obvious improvement in terminal demand, more downstream enterprises need to be replenished, and the market atmosphere is general. Moreover, the current gas market supply is relatively sufficient, and the demand follow-up is insufficient, and the market is difficult to change.

However, the trend of natural gas market is clearer than that of liquefied gas (LPG) for civil use, with an increase in the latter ten days of September. As the weather turns cool, the effect of negative factors in the off-season is weakening, the market trading is relatively stable, and the shipment in some regions turns smooth, and the price rises. However, due to the uncertain trend of international crude oil price, the domestic LPG market has limited support. September will soon pass, and the LPG market is still weak. Market supply is sufficient, downstream demand has no obvious change, manufacturers’ shipment situation is flat, which brings obvious restraint to the rise. At present, the gas market is approaching the double festival. Before the National Day holiday, the downstream storage and replenishment demand, the market transaction atmosphere may be improved, and the yin10 is coming, the weather will continue to cool down, and the terminal demand is still expected to improve. It is expected that the gas market will still have upward trend in October.