Commodity index: on October 31, the commodity index of polyaluminum chloride was 90.97, which was the same as yesterday, 16.55% lower than 109.01 (2019-08-28), and 7.89% higher than the lowest point of 84.32 on August 18, 2020. (Note: cycle refers to the period from April 1, 2019 to now)

According to the data, from September to October, the market of polyaluminum chloride showed an overall upward trend, with a total increase of 7.09% in the two months of the “golden nine silver decade”; the lowest mainstream price of polyaluminum chloride, one of the main monitoring specifications, with a content of more than 28%, was 1571.43 yuan / ton on September 1, and the highest price was about 1682.86 yuan / ton at the end of October, with an increase of more than 7%. Since 2020, polyaluminum chloride has been in the market since 2020 The best two months. Among them, the price of raw materials hydrochloric acid and calcium powder increased, and the price of fuel and natural gas used in the production process rose sharply, which led to the cost increase of polyaluminum chloride manufacturers in the past two months, and the manufacturer’s ex factory price increased accordingly, totaling about 200 yuan / ton in two months. Among them, the increase in October was significantly greater than that in September, with a difference of about 100 yuan / ton.

Raw material cost: hydrochloric acid: according to the monitoring of the business agency, the price of North China is mainly stable, and some of them are rising: the price of poly aluminum chloride in Dezhou Maihua was reported at 160 yuan / ton in early September, and 210 yuan / ton at the end of the month after several price adjustments in October, with an increase of about 50 yuan / ton; the quotations of Jinan Yuanfei, Taiyuan kunshengda, Shanxi Wenshui and Dezhou Shihua are relatively stable. As for Henan, one of the main production areas of water treatment enterprises, according to the local polyaluminum chloride manufacturers, the price of hydrochloric acid was about 180 yuan / ton in September, and the price of hydrochloric acid continued to rise in October. Not only was the price of hydrochloric acid high, but also they had to queue up to get the goods. According to the market rules, the downstream was also in September and October Month is the heating season for environmental protection water treatment reserve raw materials. Under the stimulation of cost and demand, the ex factory prices of most polyaluminum chloride rose, about 200 yuan / ton in February. Calcium powder: according to traders, the price increase of raw material calcium powder is mainly concentrated in September, with an increase of about 80 yuan / ton. Since October, the price of calcium powder is still stable at the price at the end of September, with little change.

Since September, the price of natural gas, a fuel used in the production of polyaluminum chloride, has soared. According to the monitoring of the business agency, with the opening of heating in winter, some areas have begun to replenish urban fuel, and the demand is gradually increasing. At present, the downstream purchasing is active, the production and sales of liquid plants are not under pressure, the market atmosphere is good, and the price is pushed up strongly. In addition, the price of domestic liquefied natural gas is generally rising. It is expected that the domestic LNG market will continue to rise in the short term Potential. At the beginning of September, the mainstream price of liquefied natural gas was 2406.67 yuan / ton, and at the end of October, it was about 3766.67 yuan / ton, with an increase of more than 56% in two months. For polyaluminum enterprises with such a big increase, the pressure will increase instantly, and the ex factory price of polyaluminum will inevitably rise.

Downstream demand: in the traditional peak season of “Jinjiu Yinshi”, the price of polyaluminum chloride increased significantly. With the strict requirements of environmental protection inspection and the coming of winter heating season, the demand for polyaluminum in water treatment projects has increased significantly. Many manufacturers said that September and October are the traditional sales peak season, especially October, which is the best month in 2020, and downstream demand is expected to continue to improve.

Industry: since September, the water treatment industry has been in the annual sales peak season as a whole, and the market rise is mainly subject to the rising pressure of the cost side and the demand for water treatment products caused by the upcoming heating season and environmental protection pressure. The market generally has a good view of the water treatment industry in the heating season.

Aftermarket forecast: according to the analysis of business agency, the traditional season of “golden nine silver ten” has obvious characteristics, and the market in October is better than that in September. Based on the demand of heating season, the price of polyaluminum chloride is rising due to the continuous rise of raw material cost. Due to the coming of heating next month, the comprehensive influence of environmental protection and cost rise, the demand for water treatment will continue to have a certain support Due to the strict requirements of environmental protection, it is still unknown whether there will be shutdown and rectification due to environmental protection. In addition to policy factors, from the perspective of market rules, polyaluminum chloride trend still has upward momentum.

1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process, which has a large volume in the domestic market, as an example, the price of titanium dioxide rose this month according to the data of the business club’s bulk list. At the beginning of the month, the average price of titanium dioxide in China was 14333.33 yuan / ton, and the average price at the end of the month was 15533.33 yuan / ton. The price rose by 6.98% within the month.

2、 Market analysis

Gold rose, silver ten even more. Some manufacturers such as CNKI titanium dioxide and Jinpu titanium industry announced two price increases within one month, and the price increase was only 18 days from the last one. Shandong dao’en, Yumen Jingyang, Fangyuan titanium dioxide, Guangxi Jinmao, Ningbo Xinfu, Yunnan Dayong, Panzhihua titanium capital, Panzhihua titanium sea, Guizhou shengweifu, Panzhihua Zhengyuan technology, Jinan Yuxing, CNKI titanium dioxide, Jinpu titanium industry, etc. announced that the domestic price of titanium dioxide products was increased by 800-1200 yuan on the original basis, and the international price was increased by 150-180 US dollars on the original basis. This is the first time that the titanium dioxide industry has raised two price rises in a month. The price increase is the fifth time since the second half of the year. Up to now, the domestic ex factory price of rutile titanium dioxide is 14500-16000 yuan / ton, and that of anatase titanium dioxide is 12500-13500 yuan / ton.

According to the statistics of the General Administration of customs, in September 2020, the export volume of titanium dioxide will be about 111835 tons, with a year-on-year increase of 33.45%. From January to September 2020, the cumulative export volume will be about 889624 tons, an increase of 164869 tons compared with the same period last year, with a year-on-year increase of 22.75%. The main reasons for the change in export volume are: poor domestic demand in the first quarter, manufacturers’ trading focus tends to export, and the outbreak of overseas epidemic in the second quarter, leading to the reduction of exports. In the third quarter, the export volume has been greatly improved compared with the previous period. At present, the export situation in the fourth quarter continues to be good, but the prices of raw materials are also rising.

In terms of raw materials, Panxi titanium concentrate prices continued to rise this week. The market price of imported titanium ore also rose, supporting panzhili to a certain extent. At present, the price of 38,42 titanium ore without tax is 1250-1280 yuan / ton. The price of 46,10 titanium ore excluding tax is about 1900 yuan / ton. The price of 47 and 20 ore is about 1890 yuan / ton. Recently, titanium dioxide enterprises are under great pressure due to the continuous increase of titanium ore price, which provides a strong support for titanium dioxide price.

3、 Future forecast

Titanium dioxide business agency analysts believe: this month, the export of enterprises continued to be good, domestic downstream market spot tension, raw material titanium ore supply shortage, price rise. Titanium dioxide prices continue to rise, in view of the short interval between the two price hikes this month, downstream orders also feel pressure. After this round of adjustment, it is expected that the titanium dioxide market will be stable in the short term.

In late October, although the LPG market was not as bright as the first ten days, the overall trend was also relatively strong. According to the data monitoring of business agency, the average price of LPG in Shandong market was 3150.00 yuan / ton on October 15, and 3133.33 yuan / ton on October 28, with a decrease of 0.53% and a maximum amplitude of 2.69%, which was 14.41% higher than that on October 1.

In late October, the LPG market in Shandong Province has entered the consolidation stage after rising. Although the overall fluctuation is frequent, the range is relatively limited. The overall trend of the last ten days showed a trend of first falling, then rising, then falling and then rising. Due to the rapid rise in the civil price of LPG in the first ten days of October, after the manufacturer’s quotation rose to a relatively high level, the downstream acceptance ability was limited, the resistance was strengthened, and the mentality was cautious. The manufacturers’ shipment situation was obviously weakened compared with the previous period. Since October 15, the factory price was forced to be reduced and the shipment was mainly carried out at a profit.

With the profits of manufacturers, the price continued to fall, and the downstream bargain hunting and replenishment operations increased, the market trading atmosphere turned better, and the manufacturers’ shipment was generally smooth. Moreover, due to the controllable inventory, the market ushered in an upward market on October 21. However, due to the decline of international crude oil during this period, which brought some pressure to the market, the market fell again at the weekend (10.24-25), and a slight rebound was ushered in on the 27th. At present, the supply of civil gas market in Shandong is basically stable, the market transaction atmosphere is mild, the downstream market entry enthusiasm is good, the manufacturers’ shipment is smooth, and the inventory is mostly in a controllable state.

On October 27, the mainstream prices of LPG in various regions in China were as follows:

Specification, mode of transportation, region, date, mainstream transaction price

Civil gas transportation in North China October 27: 3150-3200 yuan / ton

Civil gas and automobile transportation in East China October 27: 3270-3400 yuan / ton

Civil gas and motor transportation in South China October 27 3500-3550 yuan / ton

Civil gas transportation by truck in Shandong province October 27: 3070-3100 yuan / ton

Civil gas transportation in Northeast China October 27 3100-3150 yuan / ton

Civil gas and automobile transportation in Western China October 27 2900-2980 yuan / ton

At present, the performance of domestic LPG civil market varies from region to region. East China region has a general shipping situation, and refineries have a small margin of profit to stimulate the shipment operation; South China is dominated by the decline of international crude oil and weak consolidation; petrochemical enterprises in North China are relatively strong, with a small quoted price of 50-100 yuan / T; Northeast China is mainly stable, and the market lacks substance due to general demand Good.

LPG futures market recent shocks and falls on the spot market is limited

On October 14, the opening price of the main contract of LPG futures in 2011 was 3699, the highest price was 3761, the lowest price was 3668, the closing price was 3737, the previous settlement price was 3687, and the settlement price was 3723, with an increase of 50 or 1.35%. The trading volume was 116423, the position was 33984, and the daily increase was – 2200. (unit: yuan / ton)

In October, the LPG market performed well as a whole. Near the end of the month, the weakness of international crude oil has brought some pressure on the market, but at present, most enterprises’ inventory is in a controllable state, and there are still some factors in the current peak season, and there is still a certain expectation of improvement in demand. Moreover, the strong growth trend of propane market brings certain benefits to the market, and it is expected that civil gas may still rise in November.

1、 Price trend:

According to the business club’s big list data, the domestic PA6 market has a steady rise in late October. As of October 26, the mainstream offer price of 2.75-2.85 from the traders was about 11200.00 yuan / ton, an increase of 7.35% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

The market price of caprolactam upstream of PA6 rose in the middle and lower part of October. According to the business club’s big list data, the domestic spot price of caprolactam rose by 5.42% from October 13 to 23. Recently, supply has been reduced and caprolactam prices have risen. The domestic market of raw material pure benzene rose mainly driven by styrene, and the market trading atmosphere rose. The higher price of pure benzene stimulated the downstream purchasing enthusiasm and the market transaction was active. The downstream demand for caprolactam increased, while the inventory decreased. In the short term, caprolactam market is expected to maintain a strong trend or continue to rise.

PA6 before the peak season is not prosperous, the beginning of the month PA6 slices generally continue the low horizontal trend. After the festival, the market power, the upstream lactam many enterprises overhaul or reduce the negative, supply reduction. Sinopec’s high-end caprolactam rose to increase market confidence. Caprolactam rose rapidly, which was good for PA6. The oil in the upper reaches of the far end was affected by the deterioration of the epidemic situation in Europe and the United States recently. On the downstream side, after the resumption of work in mid October, staple fiber and yarn wrapping enterprises have been more active in replenishment. However, the demand for replenishment after the festival failed to maintain, and the trading volume showed a trend of weakening this week. Downstream orders follow-up slightly weak, conventional spinning high-speed spinning chip sales pressure, individual businesses down offer.

3、 Future forecast:

Business agency analysts believe that: last week, domestic PA6 market has a steady rise, early this week, stagflation or even callback. The supply of caprolactam in the upstream is tight, and the price is stable after the price rises, which can support the cost end of PA6. Downstream factories mainly take goods just as needed, the heat of returning to work after the festival has declined, and the purchasing atmosphere has become weaker. Analysts believe that the current positive PA6 is limited, it is expected that in the short term, the spot price of PA6 may be difficult to maintain and fall slightly.

1、 Price trend

According to the business club’s big list data, pure benzene rose for two weeks. On October 18, the listed price of pure benzene was 3180-3400 yuan / ton (average price was 3360 yuan / ton); this Sunday (October 25), the listed price of pure benzene was 3580-3700 yuan / ton (average price was 3625 yuan / ton), which was 165 yuan / ton or 7.89% higher than last week.

2、 Analysis and comment

Driven by the rise of styrene, pure benzene continued to rise this week. At present, the price of pure benzene fluctuated significantly with the price of styrene. Sinopec raised the listing price of pure benzene three times this week to 3600 yuan / ton, with strong bottom support. Port inventory decreased slightly, but remained at a high level, limiting the price rise of pure benzene.

On the external side, on Friday (October 23), South Korea imported $442.67 per ton of pure benzene, an increase of 23.17 US dollars / ton, or 5.52%, compared with October 16; and that of East China was 449.5 US dollars / ton, an increase of 21 US dollars / ton, or 4.9%.

In terms of crude oil, the impact of public health events in Europe and the United States intensified, but the consultation on the US economic stimulus package failed to reach an agreement, the demand for crude oil was weak, and worries were intensified, and the oil price was under pressure. Compared with October 16, Brent fell $0.415/barrel, or 1.1%, while WTI fell $1.27/barrel, or 3.09%. Compared with December 31, 2019, Brent decreased by 38.24%, and WTI decreased by 34.42%.

Downstream: good push styrene continued to rise, two weeks up more than 23%. At present, pure benzene fluctuates with styrene price. On October 25, the price of styrene in Shandong was 6733.33 yuan / ton, which was 683.33 yuan / ton higher than last week, or 11.29%.

This week, aniline enterprises are running with high prices. On October 16, the price of aniline in Shandong was 6600-6700 yuan / ton, and that in Nanjing was 6700-6800 yuan / ton

3、 Future forecast

In terms of crude oil, Libya’s crude oil exports increased, and the US economic stimulus plan has not reached an agreement, and other negative factors, the downward pressure on oil prices is greater.

Next week, there is still room for the rise of styrene in the downstream, but for two consecutive weeks, the purchase of high price styrene in the downstream of styrene will be reduced, and the increase of pure benzene may slow down. In addition, although the port inventory of pure benzene has decreased slightly, it is still at a high level. It is expected that the market will turn cautious in the following week. Pay attention to the demand brought by the new downstream devices in the later stage.

According to the monitoring of the bulk data of the business agency, the ethyl acetate Market this week was strongly supported by multiple favorable conditions. As of October 23, the average price of enterprises in East China was about 6162 yuan / ton, up 2.07% compared with the beginning of the week and 6.71% higher than that at the beginning of the month.

This week, the domestic ethyl acetate Market was strong and upward, the industry started smoothly, the shortage of goods eased, the downstream market demand was strong, the overall purchasing performance was positive, the demand side support was stable, the raw materials acetic acid and ethanol prices were high, the cost side was high, and the price of ethyl acetate continued to rise. At present, it is about 6250 yuan / ton in East China, 6100 yuan / ton in North China and 6500 yuan / ton in South China.

In terms of raw materials, the spot supply in the market is tight, the inventory of enterprises is low, the domestic demand and export in the downstream market are both favorable support, and the supply and demand in the industry is tightly balanced. With the price of acetic acid rising to a high level, some downstream and traders are gradually rational in purchasing. The ethanol market is strong and upward, and the market of raw corn is soaring. Some ethanol enterprises are overhauling their devices, and the industrial inventory is low. Before the festival, some downstream stocks are insufficient. After the festival, the ethanol is purchased again. At present, the ethanol in East China is about 6825 yuan / ton.

The international market price of ethyl acetate is strong, and the port price in European market is about 820-850 euro / ton, and that in North America is about 700 US dollars / ton.

According to the analysts of ethyl acetate of business club, the domestic ethyl acetate market continues to rise, and the supply of goods in the industry is tight due to good downstream domestic demand. In addition, with the high level of raw materials, the enterprise has a good price intention under the condition of small warehouse pressure, and it is expected that the domestic ethyl acetate Market will remain strong and upward in a short period of time.

With the arrival of the peak season, DME market finally got rid of the downward trend and went out of the upward curve. In September, the center of gravity shifted upward, making the “golden nine” brilliant. With the advent of the “silver 10″, the market continues to rise, mainly in price. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market was 2556.67 yuan / ton on October 8, and 2703.33 yuan / ton on October 20, with an increase of 5.74% and 22.32% compared with September 1

In a flash, two thirds of October has passed, and the DME market rose first, then consolidated and then rose. Although the overall rise was narrower than that in September, the market was still positive. After the festival, the dimethyl ether market first rose as a whole. Due to the downstream demand for inventory after the festival, the overall market atmosphere is good, and in terms of cost, the raw material methanol goes up, which also brings some favorable support to the market. In October, the weather has cooled down significantly, especially in the northern region, and the overall demand for terminals has increased. Henan, the main production area, has stable supply, good shipment and low inventory pressure. Supported by multiple favorable conditions, the DME market continued to rise.

Subsequently, DME market entered consolidation state. With the end of the downstream replenishment after the festival, they have been delisted to consume inventory, and as the price continues to push up, the downstream acceptance capacity is limited, cautious and wait-and-see. In addition, international crude oil continued to fall and the international market support was insufficient, which brought negative effects to the market. The market continued to rise in a lack of momentum, some fell, but the mentality of manufacturers is still strong, although there is a decline, but the range is not large, mainly horizontal consolidation. In order to protect the market price, some enterprises in Henan Province, such as xinlianxin, carried out the minimum guarantee policy for two days.

With the end of the minimum guarantee policy of xinlianxin and other enterprises in Henan Province and the announcement of the settlement price, xinlianxin has been reduced from 2650 yuan / ton on October 12 to 2610 yuan / ton on October 15. Although the price has declined, the range is small. From October 18 to 20, xinlianxin raised 20 yuan / ton for three consecutive days. On October 18, it rose back to the price before falling, and on October 20, the ex factory price rose to 2690 yuan / ton. Henan, the main production area, rose overall, the production and sales of enterprises were balanced, and the inventory was mostly in a controllable state.

As of October 20, the quotation of each region is as follows:

Regional specification Date Quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0% 2600 yuan / ton on October 20

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, October 20 2675 yuan / ton

Mass fraction of dimethyl ether in Henan Province: ≥ 99.0% Oct. 20 2630-2735 yuan / T

The overall upward trend of raw material methanol market has brought certain support to dimethyl ether Market

After the domestic methanol market rose after the festival, some manufacturers increased the ex factory quotation again, with the range of 30-50 yuan / ton. According to the monitoring data of business agency, the average price of methanol producers in Shandong was 1825 yuan / ton at the beginning of the week (10.12), and 1930 yuan / ton at the weekend (10.16), with an increase of 5.75% during the week, a rise of 6.78% on a month on month basis, and a decrease of 17.17% on a year-on-year basis. The quotation of methanol market in various regions has also increased to varying degrees, among which Shandong and Shanxi regions have obvious upward trend. After the festival, the methanol market was affected by the favorable factors such as the maintenance of overseas units and the continuous storage of ports, and the market price increased slightly. At present, most traders ship at high prices, and methanol analysts of business associations predict that the domestic methanol market will fluctuate at a high level in the short term.

At present, the methanol market has been adjusted in a narrow range, and the domestic gas market has fallen down after rising, which has limited support for the DME market. In the international market, crude oil closed down slightly and brought some negative effects. However, the overall transaction atmosphere of dimethyl ether Market is relatively mild, downstream inventory is appropriate to enter the market replenishment operation, most manufacturers have balanced production and sales, and inventory is controllable. The mentality is mostly firm. And the current peak season factors still exist, the future market, dimethyl ether Market is easy to rise but difficult to fall.

1、 Price trend

According to the business club’s big list data, the domestic toluene market closed down slightly this week. As of Friday, the domestic average price was about 3410 yuan / ton, down 0.58% month on month.

2、 Analysis and comment

Toluene prices fell slightly this week. Sinopec’s enterprises listed toluene price stable this week. The port inventory is still high, and the pressure to go to the warehouse still exists. The market is oversupply, the downstream blended oil and solvent demand is general, the price is slightly weak, and there is a slight fluctuation in recent years. At present, the mainstream price in East China is about 3350 yuan / ton. The future market continued to pay attention to the fluctuation of the US dollar index and the stock market, the impact of the geopolitical situation in the Middle East on crude oil supply, the development of new crown vaccine, the impact of economic restart and recovery on crude oil demand, the global economic recovery and the progress of the European and American economic recovery rescue plan.

Upstream, crude oil, oil prices rose slightly this week, OPEC helped oil prices, but the epidemic situation and economic downturn risk limit oil prices. As of Friday, Brent rose $0.575/barrel to close at $41.65/barrel, up 1.4% month on month. Russia and Saudi Arabia held their second and unusual teleconference this week to discuss the OPEC + agreement, with officials of the organization warning on Friday that the oil market could be weak in 2021. In the short term, close attention will be paid to the upcoming Joint Ministerial oversight committee meeting on October 19.

In terms of TDI in the downstream, the trend fell slightly this week. According to market news, the listing price of Shanghai BASF TDI in October was 23000 yuan / ton, with an increase of 1000 yuan / ton on a month on month basis. The settlement in September was 17200 yuan / ton, and the month on month increase was 4100 yuan / ton. It is expected that the short-term TDI market will maintain a stable trend. In terms of PX market, Sinopec’s listed price this week was about 4450 yuan / ton, and the latest price of external disk was about 537 US dollars / ton FOB Korea and 555 US dollars / ton CFR China. PX market is expected to maintain a stable trend in the short term.

3、 Future forecast

According to toluene analyst of chemical branch of business society: first look at the supply cost side, the implementation of OPEC + production reduction, the total number of American oil wells and EIA, API inventory data. Second, on the demand side, the impact of the second outbreak of global epidemic on crude oil demand, the progress of industrial chain recovery, the geopolitical situation in the Middle East and China, and the economic and trade situation in Europe and the United States. Third, look at the dollar index and stock market linkage. Next week, we will focus on the progress of a new round of stimulus measures in the United States, as well as the impact of dollar index and stock market volatility on the trend of crude oil. Overall, it is expected that the price of toluene in the domestic market will remain weak and stable next week.

The international crude oil fluctuates in a narrow range, which has limited support for the domestic asphalt market, and the “silver ten” peak demand season of the asphalt market has not appeared, and the domestic asphalt price has decreased slightly. According to the price monitoring data of the business agency, the asphalt price on October 16 was 2267 yuan / ton, down 1.31% from the beginning of the week.

Saudi Arabia cut crude oil prices in the middle of the week; demand for crude oil in Europe has been declining due to the impact of the new crown; Saudi Arabia has put pressure on OPEC and Russia to reduce crude oil production; EIA data show that US crude oil inventories fell by 3.818 million barrels in the week of October 9. 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%.

October is also the traditional demand peak season of asphalt market, but under the background of high supply of asphalt and less than expected demand of terminal market, the asphalt market is not prosperous in peak season. In October, the temperature in northern China will gradually decrease, and some projects in Northeast and Northwest China will enter the finishing stage; due to the influence of rainfall in some areas of South China, the terminal demand of asphalt will be slightly affected; in North China and East China, there is a large demand for asphalt, and the same supply of asphalt is sufficient, which has a limited pulling effect on the asphalt market price. On the whole, the domestic asphalt market is oversupplied, and the asphalt market is under pressure, and the domestic asphalt price falls slightly.

Analysts of business agency believe that the international crude oil market is lack of good, and the international crude oil price will continue to be under pressure; although there is rigid demand and support in the asphalt market, the supply pressure is large, and the domestic asphalt price is expected to fall steadily.

According to the monitoring data of the business agency, as of October 16, the average ex factory price of domestic n-butanol was 6533 yuan / ton. Compared with October 12, the average price of domestic n-butanol increased by 183 yuan / ton, or 2.89%; compared with October 1, the average price of domestic n-butanol increased by 200 yuan / ton, or 3.16%.

This week, the market of n-butanol concentrated on high-end operation

The market of n-butanol has been rising this week. The high level of raw propylene supports the cost of n-butanol. The market trend of butyl ester in the downstream is good, which also gives market confidence. At present, the market of n-butanol is conducted smoothly up and down, and the trading atmosphere is good. The average quotation price of domestic mainstream regions is 6533 yuan / ton. Among them, the mainstream quotation of n-butanol in South China is around 6900 yuan / ton, and the high-end price is increased to 7000 yuan / ton; the mainstream quotation of n-butanol in North China is 6500-6600 yuan / ton, the mainstream quotation of n-butanol in East China is 6700-6800 yuan / ton, and the high-end quotation is 6900 yuan / ton. As of the 16th, Luxi Chemical Co., Ltd. offered 6500 yuan / ton of n-butanol, up 200 yuan / ton within the week, Shandong lihuayi’s ex factory offer of n-butanol was 6500 yuan / ton, with an increase of 150 yuan / ton during the week, and that of Wanhua chemical in North China was 6600 yuan / ton, up 200 yuan / ton during the week.

On the upstream side, on October 15, the propylene market prices in Shandong Province fell slightly. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, and the prices of some enterprises have gone up and down slightly. On Thursday, only one enterprise’s price dropped slightly, while other enterprises continued to keep stable. The market turnover is now between 7480 yuan / ton and 7650 yuan / ton, and the mainstream price is about 7500 yuan / ton. Recently, part of the propylene plant maintenance, the overall supply is small tension.

Stable demand for n-butanol at low inventory level

At present, the inventory level of factories and ports is on the low side, the position of middlemen is concentrated, and the enterprise’s spot offer is high. The main downstream butyl ester demand for raw materials is stable, and it is expected that the high-end of n-butanol market will be strong in the short term.