I. price trend

PS market atmosphere is active and the market shows a slight rise. The demand enthusiasm of downstream factories has improved. Most traders are still good at dealing with the current market. In terms of price, the mainstream price of GPPS is 9200-10600 yuan / ton, and the mainstream price of hips is 10200-11400 yuan / ton.

II. Market analysis

PS Market: the ex factory price of Zhanjiang Zhongmei PS is 9250 yuan / ton. The ex factory price of CITIC Guoan PS, 525, is 9500 yuan / ton. The market trading atmosphere improved.

III. future forecast

Most of the PS market quotations were stable, and some were raised. The purchase intention of downstream plants is general, and the actual turnover is limited. The enthusiasm of the downstream is still good, and the market lacks favorable stimulation. It is expected that PS market will be narrow and weak in consolidation and operation.

I. price trend

According to the data in the business club’s bulk list, the price of domestic isomeric xylene market rebounded steadily this week, up about 2.55% due to the support of low port inventory and the rebound of international oil price.

II. Analysis and comment

1. Products: compared with last week, the market transaction is stable this week. At present, the mainstream price in East China is about 6300-6350 yuan / ton. According to the feedback from traders, last week’s trading volume was average, and the port inventory remained low, about 18000 tons.

2. Industrial chain:

Upstream, in terms of crude oil, this week’s oil prices were generally volatile, with Brent up 1.18% at sight, Brent futures up 1.21%, WTI futures down 0.66% and Dubai futures up 2.73%.

In the downstream, PX market, the domestic PX price trend this week was temporarily stable, while the external price rose slightly, the price was about 768-770 US dollars / ton FOB South Korea and 788-790 US dollars / ton CFR China, and it is expected that the short-term PX market price will maintain about 6800 yuan / ton. In terms of PTA market, the domestic PTA spot market price rebounded slightly this week. With the support of cost and the increase of factory equipment maintenance, PTA commencement is at a low level, and it is expected that PTA will remain mainly in shock consolidation in the short term. In the ox market, Sinopec’s o-benzene price was temporarily stable, with the quotation at 6200 yuan / ton. The external quotation of o-benzene fell in shock, and it is expected that the weak market of o-benzene will be adjusted in the future.

III. future forecast

According to xylene analyst of business and chemical branch, we will continue to focus on market turnover and port inventory next week, as well as the progress of Sino-U.S. trade negotiations, and the expected fluctuation of crude oil demand due to the weak prospect of global economic indicators. In general, toluene market is expected to continue the shock correction trend next Tuesday.

I. price trend

According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong Province was temporarily stable this week. The quotation is 306.67 yuan / ton, down 44.99% year on year. Overall, sulfuric acid was temporarily stable this week, with a commodity index of 47.73 on November 15

II. Market analysis

(I) products:

This week, the price of the mainstream sulfuric acid manufacturers in Shandong is temporarily stable, with small inventory and general downstream demand. The weekend quotation of Heze Jiangyuan is 320 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 150 yuan / ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei is 450 yuan / ton, which is temporarily stable.

(II) industrial chain:

In the near future, the domestic sulfur market is temporarily stable. The trading atmosphere in the downstream monoammonium market is not good, the trading volume is light, and the trading volume of new orders is not ideal. The market of diammonium is also low and consolidated, and the downstream demand is less. Sulfuric acid enterprises often issue early orders, short-term construction is insufficient, and the supply is slightly tight. This week, the domestic sulfuric acid plants operated smoothly, the market supply was relatively tight, the downstream gas buying was general, and the market turnover was limited.

III. future forecast

After the adjustment in October, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. The upstream sulfur price is temporarily stable, and the downstream construction is generally started, and the product trend tends to be stable under the contradiction between supply and demand. According to analysts of business association sulfuric acid, under the influence of supply and demand and raw materials, the sulfuric acid market tends to be flat.

I. price trend:

On November 17, crude benzene commodity index was 66.76, unchanged from yesterday, down 49.36% from 131.84 (2013-01-28), the highest point in the cycle, and up 70.09% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

II. Market analysis:

This week (11.11-11.15), the domestic crude benzene market was up. The average market price at the beginning of the week was 4131.67 yuan / ton, while that at the end of the week was 4263.33 yuan / ton, up 3.19%.

Domestic market: the crude benzene market price was increased this week. As of Friday, the mainstream market price was 4200-4400 yuan / ton, 150-200 yuan / ton higher than last week. This week, the external market of pure benzene rebounded slightly, and the supply of pure benzene market was in short supply, driving the price of pure benzene higher in North China. The operating rate of hydrogenated benzene enterprises has increased this week, and the demand for crude benzene has increased to a certain extent, which supports the crude benzene market. The bidding price in the main production areas has increased this week.

Industry chain: crude oil: this week’s crude oil range fluctuated, affected by economic data, progress of trade negotiations and US crude oil inventory. WTI was up 1% and Brent was up 2.46% compared with November 8. Pure benzene: at the beginning of the week, the market demand for pure benzene was weak and the price was lower. However, the reduction of hydrogenated benzene production led to the decrease of supply, driving the price of pure benzene higher in North China. Tight spot supply and drop in port inventory led to short covering, which drove the price of pure benzene to continue to rise.

3. Trend forecast:

Next week, oil prices may continue to fluctuate. The supply and demand of coking industry has been improved, the support surface of hydrogenated benzene is strong, and the power of pure benzene follow-up belt is still strong. In addition, the port inventory is low, and the spot market supply is tight, which has strong support for the bottom of pure benzene. The downstream support is limited, and the price of crude benzene in the future is mainly consolidated, with weak increase.

I. price data

According to the price monitoring of the business agency, the price of gasoline and diesel fell slightly this week. The price of domestic gasoline was 6205 yuan / ton, 0.55% lower than that of last week; the price of domestic diesel was 6380 yuan / ton, 0.29% lower than that of last week.

II. Analysis of influencing factors

Product: this week, the international crude oil price fluctuates in a narrow range. On November 18, the domestic refined oil price adjustment is expected to increase, but the increase is only expected to be 60 yuan / ton. This week, the domestic refined oil market as a whole has a stable operation.

Industrial chain: this week, international crude oil prices fluctuated in a narrow range. Although OPEC countries are expected to continue to expand the scale of production reduction, U.S. crude oil inventory growth, production hit a record high, coupled with a slowdown in global economic growth. The international crude oil market still has no breakthrough direction, and the international crude oil price keeps stable operation.

Market: the stable price of international crude oil market cannot boost the domestic refined oil market. Moreover, the gasoline market has gradually entered the off-season of consumption, and there is no support from good news such as holidays. The gasoline market continues to perform flat. The diesel market continues to support diesel due to the phenomenon of construction, engineering, etc., so the overall delivery of diesel is better than gasoline. In addition, this week, the maintenance of refined oil units is less, the operating rate continues to rise, and the supply is more sufficient, which hinders the price rise of domestic refined oil market.

III. future forecast

Lu Xingjun, an analyst of refined oil products of business association, thinks that at present, the international crude oil market is dominated by volatile operation, and has not yet found a breakthrough direction. In November, the market demand for gasoline and diesel oil was flat, and the market price of refined oil is expected to fall steadily next week.

I. price trend

EPS market rose slightly. Due to the lack of current guidance information, the on-site wait-and-see mood still dominates, and traders continue to live with their products. The actual follow-up strength of downstream factories is general, and they basically purchase on demand to meet normal production.

II. Market analysis

EPS Market: EPS market price fell, Wuxi Xingda EPS factory price, ordinary material quotation is 9300 yuan / ton. The ex factory price of Dongying Hairong EPS is 9250 yuan / ton for common materials. The ex factory price of Jiangyin Hupao EPS is 9300 yuan / ton for common materials.

III. future forecast

EPS is stable, moderate and strong, with obvious wait-and-see mood in the spot market, good enthusiasm in the downstream market, and the possibility of a sharp decline in the market is also small. It is expected that the EPS market as a whole will be mainly in shock consolidation.

I. price trend

 
In October, the market price of NBR weakened slightly. According to the monitoring of the business agency, the price of NBR at the beginning of the month was 17566 yuan / ton, and the price at the end of the month was 17066 yuan / ton, 2.85% lower than that at the beginning of the month.

II. Market trend analysis

The supply of NBR is sufficient, and the factory price of NBR will be lowered at the end of the month

According to the business agency, the main domestic nitrile manufacturers started normal operation in October, and only Nandi nitrile plant was shut down for maintenance in late October, and the overall domestic supply of nitrile rubber was relatively sufficient. At the end of the month, the ex factory price of some NBR was reduced by more than 1000 yuan / ton. According to the monitoring of the business agency, on October 30, the price of shunze NBR in Ningbo was reduced by 1000 yuan / ton, and by the end of the month, the ex factory price of shunze 3355 was 15800 yuan / ton; the price of Lanzhou Petrochemical NBR was reduced by 1300-1400 yuan / ton, by the end of the month, n41e was 15700 yuan / ton, 3305e was 16000 yuan / ton, 3308e was 16000 yuan / ton.

The price of raw materials plummeted, and the cost dragged NBR

In October, the price of raw material butadiene fell sharply, which was negative for the price of NBR. According to the monitoring of the business agency, the price of raw material butadiene in October was 11581 yuan / ton at the beginning of the month, and 9614 yuan / ton at the end of the month, down 16.98% on the whole.

It is difficult for the downstream demand to improve, which will drag down the NBR

On the one hand, due to the continuous impact of the Sino US trade war, the export orders of the downstream enterprises of NBR decreased compared with last year. This year, the overall demand for NBR is poor. On the other hand, due to the impact of the environmental protection inspection in winter, the downstream may have further production reduction. The demand expectation is not optimistic, which also hinders the market prospects of NBR.

III. future prospects

Business analysts believe that on the one hand, the price of raw material butadiene fell sharply, dragging the NBR; on the other hand, the demand for NBR is insufficient, and the price of NBR will continue to decline.

I. price trend

PS market atmosphere is light, offer generally fell. Traders mostly focus on the change of cost side, while the poor downstream demand is still the main factor hindering market transactions. Price: the main quotation of GPPS is 9400-10900 yuan / ton, and that of hips is 10500-11600 yuan / ton.

II. Market analysis

PS Market: the ex factory price of Zhanjiang Zhongmei PS is 9550 yuan / ton. The ex factory price of CITIC Guoan PS is 9150 yuan / ton. The trading atmosphere in the market was cold.

III. future forecast

PS market trend generally stable. There are not many inquiries and purchase intention from downstream factories. Due to the weak effective demand, the turnover is still limited. Poor demand drags the market to continue to explore, and it is expected that PS will continue to be stable, moderate and weak.

I. price trend of lithium hydroxide:

The average price of lithium hydroxide as of October 25 was 69333.33 yuan / ton, according to the data in the business club’s bulk list. The market of lithium hydroxide was dominated by stable operation, and the quotations of some enterprises fell, 1.89% lower than that at the beginning of the week, and 2.71% lower than that on September 25.

II. Market analysis:

Product: the market price of lithium hydroxide fell this week. At present, the external quotation of industrial grade lithium hydroxide of Shanghai Yulun Industrial Co., Ltd. is 68000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Eugene Industrial Co., Ltd. is 66000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Shanghai Chenli new material is 66000 yuan / ton, the external quotation of industrial grade lithium hydroxide of Zigong tongfarong Industrial Co., Ltd. is 74000 yuan / ton, and the external quotation of industrial grade lithium hydroxide of aiheng (Shanghai) Intelligent Technology Co., Ltd. is 74000 yuan / ton. The price is 64000 yuan / ton. The specific price will be discussed separately.

Industry chain: the upstream lithium carbonate market price fell (10.21-10.25) this week, up or down by – 0.37%. In the near future, the market of lithium carbonate has been weak and consolidated, and the downstream industries mainly need to prepare goods.

Industry: according to the price monitoring of the business agency, in the 42nd week of 2019 (10.21-10.25), there are 10 kinds of commodities rising month on month in the chemical sector, including 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are epichlorohydrin (8.05%), sulfur (5.05%) and sulfuric acid (4.88%). There are 41 kinds of commodities decreased on a month-on-month basis, 4 kinds of commodities decreased by more than 5%, accounting for 4.8% of the number of commodities monitored in this sector; the top three products decreased were formaldehyde (37%) (- 9.21%), nitric acid (- 8.62%), acetic acid (- 5.29%). This week’s average was – 0.85%.

3. Future forecast:

Analysts of lithium hydroxide of business club think that the weak price of upstream lithium carbonate is stable and wait-and-see, which has certain support for lithium hydroxide. Lithium hydroxide suppliers produce on demand, and it is expected that in the short term, the industrial lithium hydroxide Market will be dominated by weak consolidation.

I. price data

According to the price monitoring of the business agency, this week’s gasoline and diesel prices first fell and then rose, slightly rising overall. The domestic gasoline price is 6412 yuan / ton, 0.10% higher than last week’s gasoline price; the domestic diesel price is 6504 yuan / ton, 1.81% higher than last week’s diesel price.

II. Analysis of influencing factors

Product: this week, the international crude oil price is rising, the domestic gasoline market demand is weak, resulting in the weak rise of gasoline price, and the domestic refined oil market is still strong in diesel and weak in gasoline.

Industry chain: this week, the international crude oil market was boosted by good news, and the crude oil price continued to rise. The WTI crude oil futures price rose by more than 4% this week. From the news point of view, OPEC’s firm production reduction stimulated the recovery of oil market sentiment; and last week, the U.S. crude oil inventory decreased by 1.7 million barrels. This is the first decline in inventory in six weeks. This week, the international crude oil price, driven by the good news, ushered in a short-term upward trend.

Market: at 24:00 on October 21, the price of domestic gasoline and diesel oil decreased by 150 yuan and 145 yuan per ton respectively. However, driven by the rise of crude oil price, the domestic refined oil market saw a rise this week. In terms of gasoline, the demand side of the gasoline market continues to be weak, and gasoline shipments from refineries have been weak. Although crude oil has been boosted, the price increase is average. In terms of diesel oil, it is still the relative peak season of diesel oil demand. Oil companies such as infrastructure, mining and outdoor engineering still form a certain support for diesel oil. With the help of the rise of crude oil, the rise of diesel oil price is also expanding, which is far higher than the rise of gasoline price. At present, the domestic refined oil market continues to be strong in diesel and weak in steam.

III. future forecast

Lu Xingjun, an oil product analyst with business club, believes that the price of international crude oil market is only temporarily rising, the demand for diesel oil is supported by the downstream, and the demand for gasoline market is weak. It is expected that the trend of strong diesel and weak gasoline in the oil product market will continue next week.