Price Trend

The domestic butadiene market has been maintained in recent years. As of March 11, the price of butadiene was 9078 yuan per ton, according to the monitoring of business associations.

II. Analysis of Influencing Factors

Products: Domestic butadiene market maintained consolidation, limited market information guidance, middlemen to deliver orders, delivery to the offer to maintain stability. But short-term market supply-side pressure is obvious, some businessmen are cautious, and market transactions continue to be rigid and rigid. The market atmosphere of butadiene in Shandong continues to be weak, market operators are cautious and wait-and-see mentality is obvious, downstream inquiries are limited, and market quotations are maintained. Eastern China butadiene market lacks information guidance, the market atmosphere is weak, the supply side is abundant, downstream inquiries are cautious, and market quotations are maintained. Asian closing price of butadiene, FOB Korea average offer $1120-1128 per ton; CFR China average offer $1155-1163 per ton.

Industry chain: styrene-butadiene rubber: Because natural rubber is still showing weakness, and demand continues to remain weak, domestic styrene-butadiene rubber market is showing weakness, some regions have declined offers, while a small number of transactions. Cis-butadiene rubber: The domestic cis-butadiene rubber market slightly fell. The overall market offer price hangs upside down, the inquiry atmosphere on the site is cool, sporadic buyers buy at reduced prices, and the bargaining price is on the low side. SBS: Domestic SBS market oil glue, dry glue narrow finishing, on-site trading performance is general.

3. Future Market Forecast

On the positive side, demand is gradually recovering, synthetic rubber market is strong, and the price of the outer plate is strong. On the short side, the supply side is abundant and downstream inquiries are prudent. Domestic butadiene market lacks information guidance, the market supply side is still abundant, downstream cautious wait-and-see mentality is obvious, inquiry intention is low, market turnover is weak, market bearish sentiment is strong, business community butadiene analysts predict that the short-term domestic butadiene market continues to be weak finishing trend, pay attention to market turnover.

Price Trend

February coincides with the Spring Festival, before the festival, the domestic phenol market was consolidated horizontally. In the first working day after the festival, Lihua Yiweiyuan first rose 100 yuan/ton. Market confidence was boosted. After the festival, the market opened steadily, releasing a bullish signal to the market after the festival. East China is up 500 yuan/ton after the festival and up to 9000 yuan/ton at present. According to the monitoring data of business associations, phenol petrochemical plants in East China listed 8500 yuan/ton at the beginning of January, and up to 800 yuan/ton at the present time, the overall increase is 3.53%.

II. Analytical Review

Products: Affected by the first increase of 100 yuan/ton of Li Huayi after the festival, the market confidence increased, and the Spring Festival holiday was affected by the Middle East equipment maintenance. The spot supply in India market was tight, the price soared rapidly. According to the need for Chinese importers to take the opportunity to export operations, traders in East China took this opportunity to push up, in terms of equipment, Yangzhou Shiyou planned to stop and repair for one month, to the city. The field is more confidence. However, the latter half of February did not meet the expectation, and the rising trend was relatively stable. The main reasons are as follows: the Middle East device restart, the supply pressure in India market will gradually ease, the port stock after the festival is relatively high, and the downstream construction has not yet been released, the procurement increase is not obvious, and the follow-up of the whole downstream is limited. After the festival, the domestic phenol manufacturer’s hanging plate in East China rose 300 yuan/ton to 8800 yuan/ton, and Huizhou Zhongxin in South China offered 9400 yuan/ton.

Up to now, the market offers are as follows: the mainstream reference offer in East China is 9000 yuan/ton, the Yanshan area is 8900 yuan/ton, the Shandong area is 9000 yuan/ton, the Henan area is 9000 yuan/ton, and the South China area is 9400 yuan/ton.

Industry chain: In terms of supply and demand, in 2019, Zhejiang Petrochemical’s 650,000 tons/year phenol-ketone plant in Zhoushan will be put on the market. China’s phenol production capacity will exceed 3 million tons. Due to the steady development of downstream bisphenol A and cyclohexanone in recent years, the negative impact of new capacity release on the market will be relatively limited. With a large number of new projects of bisphenol A being put into operation, the consumption structure of phenol in China has changed fundamentally and is gradually in line with international standards. At present, bisphenol A has surpassed phenol formaldehyde resin to become the largest consumption area of phenol, accounting for about 46%, followed by phenol formaldehyde resin with 42%. If the third phase expansion project of Changchun Chemical Industry and the new bisphenol A project of Zhejiang Petrochemical Co., Ltd. are put into operation smoothly in 2019, the total production capacity of bisphenol A will exceed 1.8 million tons/year. Two sets of 150,000 tons/year phenol-to-cyclohexanone units in Weiming Petrochemical Company of Jiangsu Province are expected to be mass-produced in May this year, when domestic production capacity of phenol-to-cyclohexanone will be greatly increased.

Upstream and downstream, pure benzene: Driven by crude oil and the impact of the appreciation of the people, the outer price is higher than domestic pure benzene, Sinopec or there is an upward expectation. At present, the listed price of Sinopec is implemented at 4950 yuan/ton, and the current market is negotiating at 5000 yuan/ton. Propylene: Up to now, the main stream of Shandong Province is 7000-7100 yuan/ton. The difference between supply and demand has a great impact on the market, which directly leads to a sustained decline in prices. The difference between supply and demand in the market is too large to support it well. It is difficult to reverse the market situation. The stock and repair plans of some enterprises, such as Haiyue, Huaxing, Changyi and Wanhua, will be reduced by then. Travel as a whole will gradually improve, and new opportunities will inevitably emerge. Downstream bisphenol A, cyclohexanone and other products are gradually restoring, and downstream capacity is expected to increase.

3. Future Market Forecast

In summary, in March, the plant overhaul, and the overhaul manufacturers are likely to increase, downstream start-up is gradually rising, the overall positive more, business community phenol analysts believe that the phenol market confidence has increased, the market boost is obvious, and in good supply and demand, petrochemical manufacturers adjustment is expected to continue to follow up, phenol Market in March is expected to be available, the mainstream market in East China is expected to offer about 9,400-9,600 yuan/ton.

Price Trend

Recently, the domestic butadiene market has fallen. As of February 18, the price of butadiene was 9606 yuan/ton, according to business association monitoring.

II. Analysis of Influencing Factors

Products: The domestic butadiene market is narrowly declining, the market supply side is still abundant, and the downstream demand is limited, dragging the butadiene industry mentality. With the gradual recovery of demand in the later period, there is some support for butadiene market, but due to the abundant inventory of suppliers, the market lacks obvious good news support. There is a strong wait-and-see atmosphere in the butadiene market in Shandong Province. The downstream manufacturers digest their inventories mainly. The market supply side is still abundant, the market is limited, and the offer is kept in order. Eastern China butadiene market atmosphere is general, Sinopec’s lower supply price has limited impact on the market, downstream demand has not improved, market turnover is light, and the offer is maintained. Asian closing price of butadiene, FOB Korea average offer $1110-1118 per ton; CFR China average offer $1095-1103 per ton.

Industry chain: styrene-butadiene rubber: due to the poor natural rubber, and the price of butadiene in the inner plate has also been reduced, the market volatility of styrene-butadiene rubber is weak, prices in some areas are slightly loose, the transaction is small and the actual transaction price has been heard to hang upside down. Cis-butadiene rubber: The domestic market for cis-butadiene rubber is weak and volatile. Some vendors’offer price is slightly inverted, and there is still a lack of inquiries and purchases from buyers in the venue. Spot turnover is scarce. SBS: Oil and dry rubber ducts in domestic SBS market are narrowed, and the atmosphere is light.

3. Future Market Forecast

On the positive side, demand is expected to recover gradually; on the negative side, external prices are weak and supply is abundant. With the gradual recovery of demand in the later period, there is some support for butadiene market. However, due to the abundant supply stocks and the lack of obvious good news support in the market, butadiene analysts of business associations expect that the domestic butadiene market will continue to be weak in the short term, focusing on the latest price policy of manufacturers.

On January 11, 2019, European strategic small metal cobalt ingots (99.3%, Russia) were quoted at US$36.25 per pound, which was stable compared with the previous trading day, while electrolytic cobalt (99.8%) was quoted at US$25.50 per pound, which was temporarily stable compared with the previous trading day.

First, the price trend

Recently, the market for butadiene has remained stable. Business community monitoring showed that as of October 22, the price of butadiene was 10,541 yuan / ton, and the price rose by 3.64%.

Second, the analysis of influencing factors

Products: The market price of butadiene remained flat. The market was shocked by the low-cost supply of Shenhua Ning coal. However, the price of the outer disk fell sharply. The Liaotong chemical industry was temporarily suspended for sale. Shenhua’s low-priced auctions were auctioned, and the downstream receiving goods were cautious. It is expected that the market price of butadiene will still be lower.

Industry chain: styrene-butadiene rubber: Due to the impact of the price of styrene-butadiene rubber in the major sales companies, the domestic styrene-butadiene rubber offer slightly weakened, and the inquiry was improved in some areas due to the stabilization of butadiene in the inner plate. Just need to trade mainly. Butadiene rubber: As the major sales companies gradually lowered the price of butadiene rubber, the domestic butadiene rubber market was weak, basically around the ex-factory price. Although the enquiries have been seen in areas such as Fujian due to tight resources, other regions have changed little, and transactions have been flat. SBS: The domestic SBS market oil and rubber is weakly organized, and the dry rubber road reform continues the decline. Oil rubber: Sinopec South China F875 is expected to settle flat, the business is flat, the spot is not much, the downstream shoe companies cautiously entered the market. In terms of dry glue: the supply price of dry glue and road reform has become different, and the peak season of consumption change has gradually weakened, and the demand for dry glue has increased. In the short term, the cost will weaken and the industry’s mentality will be suppressed. Downstream shoe materials companies have weak orders, and road material demand has turned weak. Oil rubber and dry rubber roads have changed after the market has fallen, and it is not possible to rule out further declines.

Third, the market outlook

Concerns about supply vacancies remain, international crude oil prices have risen slightly, Asian butadiene external disk prices have remained unchanged, and domestic market prices remain high, and the market waits and sees a strong atmosphere. Business and industry butadiene analysts expect short-term domestic Butadiene prices are still down.

On October 10, the PX Commodity Index was 88.00, which was the same as yesterday. It was 14.06% lower than the highest point in the cycle of 102.40 points (2013-02-28), which was 93.19% higher than the lowest point of 45.55 on February 15, 2016. (Note: Period refers to 2013-02-01 to date)

Recently, the domestic p-xylene market price remained at a high level. The on-site installation of Pengzhou Petrochemical was overhauled. The Urumqi petrochemical plant started 50%. The Tenglong aromatics plant has been in operation. Other devices are temporarily operating stably and the domestic paraxylene market is normal. The operating rate of PX devices in Asia is less than 70%. On October 10, the closing price of the paraxylene market in Asia increased by US$8/ton, and the closing price was 1333-1335 USD/ton FOB Korea and 1353-1355 USD/ton CFR China, USA WTI crude oil futures market price fell in November, reported 73.17 US dollars / barrel, a decrease of 1.79 US dollars, Brent crude oil December futures prices fell, reported 83.09 US dollars / barrel, a decline of 1.91 US dollars, upstream raw material prices slightly lower, PX market Prices are high and volatile. Recently, the textile industry has generally trended, and the price of the downstream PTA market has risen slightly. By the end of the 10th, the domestic PTA operating rate has fallen to around 73%, the PTA price is at a low level, and the average price of the East China region has been raised from 8,000-8200 yuan/ton. The downstream production and sales market is generally low, and the price of the PTA market has not changed much. It is expected that the price of the PX market will fluctuate in the later period.

First, the price data:

According to the monitoring data of the business community’s big list, the domestic price of bromine is strong at this week. The average price at the beginning of the week was around 30,625 yuan/ton, and the weekend price was around 30,875 yuan/ton. During the week, it rose slightly by 0.82%, a slight increase from the same period of last year. 2.3%.

Second, the cause analysis

Products: At present, the operating rate of domestic bromine enterprises is at a low level. There are not many sources of supply in the market. The mainstream manufacturers are quoting between 30,000 and 32,000 yuan/ton. Due to environmental protection and security inspection, most enterprises are in maintenance and renovation due to tight supply in the industry. The market trading atmosphere is acceptable. In terms of start-up, for example, Changshao households salted 5,000 tons/year of equipment with a daily output of about 3 tons, Longao bromine 3,000 tons/year of equipment with a daily output of about 5 tons, and Shandong Haihua’s 5,000 tons/year of equipment with a daily output of about 15 tons, Hebei Nanbao. The daily output of 5000 tons/year is about 10 tons.

Industry chain: This week, the upstream industrial chain of bromine is mixed, such as strong performance of sulfur, rising by 2.65% during the week, currently quoted at 1,335 yuan / ton; caustic soda fell slightly by 0.64% during the week, currently quoted at 1030 yuan / ton Left and right; the soda ash market is running smoothly this week, currently quoted at 1832 yuan / ton; sulfuric acid prices continued to rise 3.7% this week, the current offer is around 490 yuan / ton. The long-term parking of bromine enterprises is reduced and the inventory is reserved for long-term customers. The downstream users queue up for purchases; the pharmaceutical and intermediate industries perform well and just need to be stable.

Third, the market outlook

The bromine industry analysts of the business community believe that the current downstream users have gradually improved, but the supply of bromine is difficult, the supply in the industry is tight, and the overall supply is in short supply. It is expected that the bromine market will rise steadily in the near future.

First, the price trend

Propane market prices continued to rise this week. At the beginning of the week, the average price of propane market was 5,533.67 yuan / ton, the average price of weekends was 5,658.89 yuan / ton, and the increase during the week was 2.26%. The price increased by 32.99% compared with the same period of last year.

Second, the analysis of influencing factors

Product: Propane prices have risen this week, and the overall trading atmosphere has performed well. As of September 14, Shandong Dongming Petrochemical propane is temporarily not available for quotation. The ex-factory price of propane in the supply and marketing company of Tianjin Bohai Chemical Group is 5,850 yuan/ton, the ex-factory price of propane in Shandong Haiyou Petrochemical Group is 5,750 yuan/ton, and the ex-factory price of propane in Shandong Huifeng Petrochemical is 5,830 yuan/ton. Propane of Shandong Hengyuan Petrochemical Co., Ltd. The ex-factory price is 5,800 yuan / ton, Shandong Binzhou Dayou Group propane ex-factory price is 5,800 yuan / ton. The ex-factory price of propane in Shandong Zhonghai Fine Chemical Co., Ltd. is 5,650 yuan / ton.

Industry chain: The domestic LPG market price rose strongly this week. At the beginning of the week, the average domestic LPG market price was 4921.25 yuan/ton, the weekend average price was 4983.75 yuan/ton, the weekly increase was 1.27%, and the price rose 27.54% compared with the same period of last year. This week, the domestic propylene market fluctuated downward. At the beginning of the week, the average domestic propylene market price was 9,320 yuan/ton, and the average weekend price was 9,309 yuan/ton. The weekly decline was 0.12%, and the price rose 16.5% compared with the same period of last year. September Saudi CP: Propane $600/ton was up 20 from last month; butane was $635/ton higher than last month. This week, the domestic propane market continued its upward trend. International crude oil tested the US$80 mark. The international spot price also rose more and more, and the overall domestic demand is expected to rebound. Both the upstream and downstream mentalities are optimistic. However, the overall domestic price has risen to a high level, the downstream receiving capacity is limited, and the mentality is relatively cautious.

Industry: According to the price monitoring of business companies, in the 37th week of 2018 (9.10-9.14), there were 30 kinds of commodities in the chemical sector, which rose by more than 5%, among which a total of 5% or more of the products were sold. The number of commodities monitored was 1.4%; the top 3 commodities were polysilicon (5.88%), formaldehyde (37%) (3.80%), and sulfur (granules) (3.72%). There were 21 kinds of commodities with a decrease in the chain, and 2 products with a drop of more than 5%, accounting for 2.8% of the monitored products in the sector; the top 3 products were dichloromethane (-5.23%) and OX (-5.10). %), ethylene glycol (-3.16%). This week’s average price increase was 0.26%.

Third, the market outlook

Propane analysts of the business community believe that: At present, the overall domestic propane market is still trading, manufacturers have no production and sales pressure, but the price is currently at a relatively high level, the downstream trading is relatively cautious, the overall market upside is limited. It is expected that the market will be dominated by high market consolidation.

NEW YORK, September 7 (Reuters) – COMEX copper closed lower on Friday as the dollar regained its uptrend against a basket of currencies, after the US’s stronger-than-expected employment data consolidated the Fed’s third rate hike this September. It is expected that concerns about the escalation of the Sino-US trade war will also exert pressure on copper prices.

The most active COMEX December copper fell 1.40 cents, and the settlement price was 2.6225 US dollars per pound.

September copper futures contract fell 1.50 cents, or 0.57%, to $2.6035 a pound.

Copper prices have weakened due to escalating trade tensions and more tariff threats that could hurt copper demand and economic growth.

US President Trump said he is ready to impose import tariffs on another $267 billion worth of Chinese goods, and is currently paying attention to whether he is taxing $200 billion in Chinese goods.

In the past 13 weeks, copper prices have fallen for 11 weeks and have fallen by about 21% since June.

ANZ’s commodities strategist Daniel Hynes said that although the escalation of trade conflicts triggered market concerns about China’s economic growth, China’s imports and inventory data showed little impact so far.

China’s copper demand accounts for about half of the global copper demand.

Hynes cautioned that China’s environmental protection initiatives and supply-side reforms have also affected China’s copper production levels, making it more dependent on imports.

He said: “Domestic production is affected, and China’s copper imports are expected to remain strong. In fact, copper imports have increased by 16% since the beginning of the year.”

“Inventories have also fallen. The basic metal stocks of the exchange have been reduced by 10-20% in the three months since the trade war escalated.”

Copper is denominated in US dollars, and when the dollar strengthens, copper prices are more expensive than investors holding non-US dollar currencies. US employment growth accelerated in August, and wage growth hit its biggest annual growth in nine years, which raised the market’s view that the Fed will continue to raise interest rates, while pushing up the dollar.

According to a Reuters report on August 31 in London, a survey conducted by Reuters recently showed that OPEC oil production in August rose to a high this year due to the rebound in oil production in Libya and the record high oil exports in southern Iraq.

Reuters survey on Friday found that OPEC’s 15 member countries had an average daily production of 32.79 million barrels of oil in August, an increase of 220,000 barrels per day from the revised daily output in July, the highest level this year.