DOTP prices fell slightly in September

According to the data monitoring of the business community, in the first and second quarters of 2022, the DOTP price will be adjusted to a high level, and in the third quarter, the DOTP price will enter the off-season. The DOTP price will be adjusted to a low level, and in September, the DOTP price will be stabilized. The DOTP price on September 29 was 10075 yuan/ton, down 0.98% from 10175 yuan/ton on September 1 at the beginning of the month. With the advent of the golden nine and silver ten, the DOTP price could have changed its declining trend and reached a new high. However, the spot transaction was sluggish, and the DOTP rose weakly. In September, the DOTP price fell slightly.

The price of isooctanol dropped slightly in September

According to the price monitoring of the business community, the price of isooctanol dropped in September. As of September 29, the price of isooctanol was 8866.67 yuan/ton, down 2.92% from 9133.33 yuan/ton on September 1 at the beginning of the month. The price of isooctanol fell, the cost of DOTP fell, and the positive support of DOTP weakened.

PTA prices rose first and then fell in September

According to the price monitoring of the business community, the PTA price rose first and then fell in September. The overall PTA market was volatile and stable. As of September 29, the PTA price was 6379.17 yuan/ton, up 0.37% from 6355.83 yuan/ton on September 1 at the beginning of the month. In September, the starting load of PTA was low, there were many enterprises that stopped production for maintenance, the supply of PTA was insufficient, the PTA price fluctuated and stabilized, and the DOTP cost support was insufficient.

Domestic PVC output

According to the data released by the National Bureau of Statistics, in August 2022, the output of primary morphoplastic decreased by 2.6% year on year; From January to August, the output of primary form plastics totaled 73.78 million tons, up 0.6% year on year; In August, the output of plastic products was 6.441 million tons, down 6.9% year on year. From January to August, the output of plastic products was 5054.7 tons, down 4.9%. The output of PVC products in the downstream declined, the demand for plasticizers declined, the demand for DOTP was insufficient, and the downward pressure on DOTP was large.

Future market expectation

Analysts of DOTP data from the business association believed that, in terms of raw materials, the price of isooctanol dropped slightly, PTA price stabilized, the cost of plasticizer DOTP stabilized, and DOTP’s rising momentum stabilized; In terms of demand, the output of PVC products declined, the demand for plasticizers was insufficient, and DOTP fell under great pressure. The central banks of the United States and the seven European and African countries raised interest rates, and a series of radical policies intensified the market’s concern about the global economic outlook. PVC demand in September was lower than expected. The peak season is not prosperous, and the demand for plasticizer is insufficient. In the future, the demand for cost stabilization is insufficient, and the upward momentum of DOTP is weakened. The downward pressure is increased. It is expected that the DOTP price will become stable in the future.

According to the price monitoring of the business community, the market prices of pure polyester yarn and polyester cotton yarn in Shandong Province were basically stable in September. Downstream orders lacked the downward impact of superimposed costs, and prices fell slightly near the end of the month. As of September 30, the average market price of pure polyester yarn in Shandong was 14150 yuan/ton, down 0.53% from the beginning of the month and 1.57% year on year; The average market price of polyester cotton yarn was 18140 yuan/ton, down 0.33% from the beginning of the month. It is understood that most of the downstream cotton mills have National Day holidays ranging from 3 to 7 days.

This month, the trading of pure polyester yarn and polyester cotton yarn continued to be light. As of the end of the month, the demand of pure polyester and polyester cotton in the market accounted for 29%, and the varieties were mainly T/C knitting/woven, R/T knitting and CVC knitting. The enterprise mainly takes delivery of goods in the warehouse, the overall market transaction is average, and the industry has a strong wait-and-see mentality. The new orders in the downstream are insufficient, the purchase of weaving mills is reduced accordingly, and the price drops partially, showing a steady and declining trend in general. At present, the downstream is mainly for coarse count canvas and gauze card orders. The market is short of coarse count bleaching and dyeing yarn, with a trend of price increase. The 32s and 50s of pure polyester yarn are not well sold in the market, compared with the 45s, which is mainly used to produce polyester cotton lining series; In the near future, the orders of 7s and 10s coarse count yarns in the downstream have increased, and the price has risen slightly; The trading volume of polyester cotton yarn market is not large, and the prices of some 65/35 varieties are stable; The cotton mills in Hebei are in normal production, the polyester cotton yarn shipments are fair, the price is stable, the inventory pressure is not large, and the retroactive quotation of foreign cotton increases; The demand for TC and CVC10-16 pieces of air spinning products in Yancheng market has also increased, mainly for the orders of sanitary clothes and school uniforms.

As the National Day holiday approaches, the stock preparation before the festival has basically ended. The market adjustment of polyester staple fiber is waiting to take the lead. The overall price fluctuates with the raw materials. However, Xinfengming Zhonglei has reduced production, and the overall start of staple fiber remains at a low level, and the performance is relatively resistant to decline when the raw materials are operating under the strong support and loss of Chen Benduan. The cotton prices at home and abroad were under pressure, and the trading center fell significantly, with Zheng cotton falling below 104 and American cotton falling below 95 cents/pound. The domestic market is under pressure from factors such as the high yield of new cotton, the deterioration of Xinjiang cotton ban, which may affect the demand expectation, and the cautious attitude of ginners in purchasing new cotton, and the cotton price continues to be under pressure; However, the international market maintained a wide range of concussion under the circumstances of weaker demand expectation, supply side tension or less than expected, and weather disturbance.

At present, the export orders and home textile market are growing slowly, and the seasonal growth of domestic clothing demand is difficult to drive the overall downstream demand. Textile enterprises in various regions said that the “golden nine silver ten” has been more than half, and orders did not meet the delivery deadline as in previous years. The inquiry for large orders has warmed up, but the actual transactions are less, most of which are small batch purchases and lofting, and the continuity is not strong. The average order is only about 70% of the previous years. Influenced by the weak situation, most enterprises are in a wait-and-see attitude. Although it is in the peak season, the overall pessimism still exists. On the whole, the future market is mainly bearish.

In terms of operating rate, the operating rate of large textile mills in Anqing, Anhui can reach about 80-90%, and the operating rate of small textile mills fluctuates around 60-70%. The market in Qianqing is relatively stable. Although stock replenishment is not active, the operating rate of textile mills and textile mills can remain relatively stable. The operating rate of textile mills in Foshan, Guangdong has a small downward trend, which can still be maintained at 50-60%. The operating load in Jiangsu and Zhejiang has increased slightly to more than 71%, But overall, the “Golden Nine” is not good enough.

Multiple factors, such as shrinking international market demand and falling prices of chemical fiber and cotton textile raw materials, slowed down the export growth of terminal textiles and clothing in August. According to the latest data of China Customs, China’s textile and clothing exports in August were 208.99 billion yuan, up 7.3%, down 6.8% month on month. Among them, textile exports were 84.27 billion yuan, up 4.1%, down 8% month on month, and clothing exports were 124.72 billion yuan, up 9.6%, down 5.9% month on month.

Future market forecast: on the cost side, crude oil is weak, cotton prices at home and abroad are under pressure, and the trading center has dropped significantly, resulting in insufficient cost drive. At the same time, textile and clothing consumption performance is low, and textile enterprises have obviously felt the “cold”. As the National Day holiday approaches, the downstream weaving is facing a reduction in load, and the yarn mill will need to further move the goods to the warehouse. To sum up, the market price of pure polyester yarn and polyester cotton yarn will move downward.

According to the monitoring of the business community, the domestic adipic acid market recovered in September, and the price rebounded at the bottom. The monthly increase was 7.47%. At the end of the month, the market price range of adipic acid in East China was 9800-10200 yuan/ton. The rise of raw materials has led to the improvement of cost, and the lower operating rate has eased the supply pressure. The manufacturer has raised prices to support the market, and the downstream just needs to follow up.

In terms of market supply, the adipic acid operating rate was low this month, maintaining 40% for the whole month. The manufacturer generally raised the price, and the monthly collection price of Nevada rose twice, totaling 1000 yuan. The inventory pressure continues to ease, multiple sets of devices are overhauled, and Haili, Hualu and Huafeng have two sets of devices shut down for overhaul. In the last ten days, Haili has a set of devices for trial operation, but the supply is limited. In addition, Liaohua unit maintenance, Zhonghao single line operation, Hongding shutdown, other units’ load reduction operation, significant inventory reduction of enterprises, and reduced supply pressure are the main reasons for the price of adipic acid to go out of the rebound trend. In addition, the manufacturer’s profit continued to hang upside down before, which is also the reason why the enterprise stopped production or reduced the burden.

Trend of adipic acid industry chain

The above figure shows that adipic acid industry chain has improved significantly this month, and most products have turned red. From the perspective of the increase in the industrial chain, the performance of the upstream is weaker, and the resilience of adipic acid is stronger. In addition, the downstream PA66 has the largest increase compared with the upstream products. This shows that the profit pressure of enterprises in adipic acid and downstream areas has been significantly relieved.

Market Trend of Adipic Acid Upstream Pure Benzene

Pure benzene rose by 3.72% in shock this month, 1.55% higher than the same period last year. This month, Sinopec’s pure benzene price increased by 250 yuan/ton to 7850 yuan/ton. The main reason is that the demand has improved significantly: the prices of most downstream products have risen, and the profitability has improved. Downstream shutdown devices were restarted successively in the early stage, and the demand for pure benzene was repaired. The improvement of the demand side drove the pure benzene higher. In terms of ports, the inventory of pure benzene in East China ports rose to 64600 tons at the beginning of the month, but due to the impact of typhoon weather, the import cargo ships were delayed, and the inventory at the end of the month again fell to a low level. The price of pure benzene at the end of the month is 7850-8100 yuan/ton.

Market trend of cyclohexanone in the upstream of adipic acid

According to the monitoring of the business community, the domestic market of cyclohexanone stopped falling and recovered in September. The monthly increase was 3.66%, mainly due to the strong rigidity of raw material pure benzene and the support of cost. Downstream caprolactam rose steadily. Chemical fiber companies need to follow up. Driven by the good news of cyclohexanone, the low price decreased and the transaction focus increased. At the end of the month, the average price of cyclohexanone in the domestic market was 9900 yuan/ton.

Market trend of adipic acid downstream PA66

Terminal demand: continuous improvement in the downstream of adipic acid. The inventory consumption of adipic acid plants is double festival in the month. The goods preparation is started before the festival, and the purchasing intention of the purchasing terminal is enhanced. Take the downstream PA66 as an example, the market rebounded strongly. According to the monitoring of the business community, the downstream PA66 increased by 11.24% in September, which is currently in the traditional peak demand season, and the demand of downstream factories has increased. The business confidence was enhanced and the trading atmosphere was improved. At the end of the month, the market price of PA66 in Zhejiang was 24750 yuan/ton.

In the later stage, the business community believed that the rise of pure benzene and cyclohexanone would provide action force for adipic acid, but the volatile decline of crude oil price in the later stage might limit the rise of pure benzene. Cost advantage or weakening in the later period. And the demand side is also showing more and more pressure, and the downstream resistance psychology is increasing. However, the supply side will still support its price, and the operating rate will remain low in the short term. Overall, the adipic acid growth will continue to slow down in October, with a high probability of stabilizing in the short term.

Domestic price trend:

It can be seen from the trend chart of paraxylene that the price of paraxylene rose slightly in September. As of the end of the month, the domestic ex factory price of paraxylene was 9000 yuan/ton, 2.27% higher than the price of 8800 yuan/ton at the beginning of the month, 26.76% higher than the previous year. The PX price rose slightly in September.

In September, the supply of paraxylene was normal, the domestic PX operating rate was more than 60%, the 600000 ton unit of Sinochem Hongrun Petrochemical was operating stably, the unit of Yangzi Petrochemical was operating stably, the unit of Pengzhou Petrochemical was operating stably, the PX unit of Yangzi Petrochemical was operating normally, the unit of Jinling Petrochemical was operating stably, the unit of Qingdao Lidong was operating at full load, the unit of Qilu Petrochemical was operating stably, the unit of Urumqi Petrochemical was operating at about 50%, and the domestic paraxylene supply was normal, The commencement of overseas units was normal, and the domestic price of paraxylene rose slightly. In September, the international crude oil price fell, while the PX external market price remained high. As of September 29, the closing price was 1035-1037 US dollars/ton FOB South Korea and 1053-1055 US dollars/ton CFR China. Recently, the operating rate of PX units in Asia has maintained. On the whole, the operating rate of paraxylene units in Asia is less than 60%. The supply of PX goods in Asia is normal, and the domestic paraxylene market has risen slightly.

In September, the international crude oil price declined by 9.29%. As of the end of the month, the settlement price of the main contract of WTI crude oil futures in the United States was 81.23 dollars/barrel, and the settlement price of the main contract of Brent crude oil futures was 87.18 dollars/barrel. The decline in crude oil price caused the Federal Reserve to raise interest rates by 75 basis points. In addition, the repeated outbreaks of the disease depressed the demand for crude oil, and the trend of international oil prices declined. As of the week of September 23, crude oil inventory increased by about 4.2 million barrels; Gasoline inventory decreased by about 1 million barrels, while distillate oil inventory increased by about 438000 barrels. According to the US Federal Security and Environmental Law Enforcement Agency, affected by Hurricane Ian, the US Gulf of Mexico region saw 157706 barrels/day of oil production go offline on Wednesday, accounting for about 9% of the total production in the region. The weather affected the decline of US crude oil production. In addition, China’s crude oil imports fell sharply in August on a year-on-year basis, which depressed market confidence. The control brought about by the repeated epidemic situation dragged down oil demand. However, the price of domestic petrochemical products was relatively strong, and the price of paraxylene rose slightly.

In September, the domestic PTA spot market rose first and then fell. As of the end of the month, the average price in the East China market was 6378.33 yuan/ton, up 0.35% from the beginning of the month. In September, the maintenance and restart of domestic plants coexisted. Mainstream suppliers gradually became negative, with a small increase in output. The industry’s operating rate was around 73%. However, PTA is still in a tight balance, the pattern of social inventory reduction continues, and the current supply of goods in the spot market is still tight. In September, the polyester and weaving industries in the downstream picked up significantly, with the comprehensive operating rate of Jiangsu and Zhejiang looms rising to more than 70%. The terminal consumption of “Jinjiu” has gradually entered the traditional peak season, orders have been placed in autumn and winter, and the demand for staged replenishment has been released. The polyester market kept consistent with PTA trend. At the end of the month, the enthusiasm for raw material procurement was not high. The polyester inventory was once again facing accumulation. The factory profits were further compressed, and large factories had plans to reduce production. On the whole, the slight rise of PTA price in the downstream is good for the domestic paraxylene market, and the price in the domestic paraxylene market is higher.

Chen Ling, a PX analyst from the business community, believes that the current supply side of the crude oil market will continue to play a game against the demand side. Although the downstream is in the traditional peak season, the improvement of terminal orders is limited, the pressure on polyester inventory rises, profits are compressed again, and PTA price rises are limited. Overall, it is expected that the market price of paraxylene will remain stable in the future.

1、 Price data

According to the latest monitoring data of the business community, as of September 30, the average ex factory price of domestic local hydrotreating naphtha mainstream was 8223.33 yuan/ton, down 6.48% from 8793.33 yuan/ton at the beginning of this month, and the local hydrotreating naphtha fell in shock.

According to the latest monitoring data of the business community, as of September 30, the average ex factory price of domestic straight run naphtha mainstream was 8152.50 yuan/ton, down 5.23% from 8602.50 yuan/ton at the beginning of this month, and the local straight run naphtha fell in shock.

On September 30, the naphtha commodity index was 101.49, down 0.41 points from yesterday, 16.57% from the cycle’s highest point of 121.64 (2022-03-10), and 140.27% from the lowest point of 42.24 on July 19, 2016. (Note: the cycle refers to the period from September 1, 2012 to now)

2、 Analysis of influencing factors

Product: In September, the price of locally refined naphtha fluctuated and fell. At present, the mainstream price of locally refined hydrogenated naphtha is about 8000-8300 yuan/ton, and the mainstream price of straight run naphtha is about 7900-8200 yuan/ton. In September, the international crude oil fell in shock, and the naphtha market was in a strong wait-and-see mood. The purchase was mainly just needed. Affected by the bad news in the gasoline and diesel markets, the terminal ethylene cracking demand was weak, and the refinery reduced the price for shipment. As of the week ended September 28, Singapore’s fuel oil inventory fell by 1.069 million barrels to a two-week low of 22.331 million barrels. Singapore’s light distillate oil inventory increased by 276000 barrels to a three week high of 15.641 million barrels. Singapore’s medium distillate oil depot fell by 1.046 million barrels to a five week low of 7.338 million barrels.

Upstream: The trend of international crude oil prices in September was volatile and downward. The decline of crude oil prices was mainly due to the trade-off between the supply risk of Russian oil and the concern about economic recession caused by the Federal Reserve leading the global central bank to raise interest rates. The US strategic oil reserves fell continuously, hitting a 38 year low. OPEC+, an oil producing country, will increasingly demand for reducing inventory and increasing oil prices, and its idle capacity has been very limited, so it will be very difficult to increase production in the later period. Moreover, Western sanctions against Russia are still escalating, the effective period of the oil shipping ban is getting closer and closer, and the supply side is still on the high side in the near future.

Downstream: Toluene rose slightly in the first ten days of September and then weakened, and recovered slightly in the second ten days of September. The price of toluene was 7780 yuan/ton on September 1 and 7700 yuan/ton on September 28, down 1.03% from the beginning of the month. In September, mixed xylene rose in the first ten days and began to weaken in the middle of the year. The price of mixed xylene was 8090 yuan/ton on September 1 and 8050 yuan/ton on September 28, down 0.49% from the beginning of the month. The price of paraxylene rose slightly in September. As of the end of the month, the domestic ex factory price of paraxylene was 9000 yuan/ton, 2.27% higher than the price of 8800 yuan/ton at the beginning of the month.

3、 Future market forecast

According to the energy analysts of the business community, the international crude oil price fluctuated and fell in September, with limited naphtha cost support. Affected by the bad news of the gasoline and diesel market, the terminal ethylene cracking demand was weak, the market was in a strong wait-and-see mood, the refinery was active in shipping, and the deal was light. It is expected that naphtha refining in the near future will focus on the weak.

In September 2022, the domestic 1 # tin ingot market price fluctuated widely and rose slightly overall. The average price of the domestic market was 186210 yuan/ton at the beginning of the month and 187060 yuan/ton at the end of the month, with a monthly increase of 0.46%.

On September 28, the tin commodity index was 94.85, down 0.16 points from yesterday, down 49.47% from the cycle’s highest point of 187.70 (2022-03-09), and up 121.30% from the lowest point of 42.86 on December 9, 2015. (Note: the cycle refers to 2011-09-01 to now).

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the monthly K-bar chart that the tin price has mainly declined in the past four months, with a large decline of -18.54% in May and -22.32% in June. From the weekly K-bar chart, we can see that the lead price has fallen more or less recently, and the overall decline.

Tin futures market in September 2022

Variety, closing price on August 30, closing price on September 28, inventory on August 30 (tons), and inventory on September 28 (tons)

Shanghai Tin, 193950 yuan/ton, 182660 yuan/ton, 1610., 1473

London tin., 24600 dollars/ton., 20600 dollars/ton., 4410., 5070

The trend of tin price in September was volatile, and the amplitude remained around 5%. The market rose sharply in the first ten days of the year. After a sharp decline in the middle of the year, the market continued to rise in a volatile way, and the price returned to the beginning of the month by the end of the month. Tin prices are most significantly affected by the macro, and the macro news throughout September was relatively frequent. On the night of the 13th, the United States announced inflation data, which was generally high and exceeded market expectations. The Federal Reserve’s expectations for interest rate hikes rose, leading to a sharp rise of about 1.5% in the dollar index. Metals in the night market were generally under pressure, with Shanghai Tin leading the decline of 4.33%. In the middle and late ten days, as the Federal Reserve raised interest rates by 75 points, the post hawk speech intensified the expectation of future interest rate hikes. Many countries followed the Federal Reserve’s announcement of interest rate hikes, and the dollar hit new highs for nearly 20 years for many times in a row, while Shanghai and Wuxi rose in price shock supported by low inventory.

In terms of fundamentals, there was no significant change in tin supply and demand in September, and the pattern of weak supply and demand was still maintained. In terms of supply, the supply of imported goods increased, the quotation of imported goods in the market increased, and the domestic supply of tin ingots was slightly loose compared with the previous period. The overall performance of downstream demand is not outstanding. Although the market near the National Day holiday is expected to have a certain readiness to stock up before the festival, the recent volatility of tin prices is large. The downstream generally maintain on-demand procurement, and bargain hunting has become the norm. The terminal electronics industry is not expected to improve in the near future, while the overall expectation of overseas consumption has declined in the near future, which also led to the overall accumulation of overseas inventory this month. Due to the low inventory of tin, it is obviously disturbed by the macro and domestic capital. The business community expects that the future tin price will still be affected more by the macro, mainly maintaining a wide range of shocks.

According to the monitoring data of the business community, the hydrogen peroxide market in September was mainly narrow. At the beginning of this month, the average price of hydrogen peroxide in the market was 916 yuan/ton. On September 28, the average price of hydrogen peroxide in the market was 920 yuan/ton, up 0.36%.

The terminal demand was flat. The hydrogen peroxide market fluctuated in a narrow range in September

At the beginning of the month, the hydrogen peroxide market rose and fell. Due to the flat terminal demand, the hydrogen peroxide market was weak and ran smoothly.

After the Mid Autumn Festival, the demand for hydrogen peroxide in terminal printing, paper industry and other industries was stable, and the hydrogen peroxide market continued to operate stably. As some hydrogen peroxide manufacturers shut down for maintenance, the supply of hydrogen peroxide is relatively tight. This week, the hydrogen peroxide market is rising, with the mainstream quotation of about 900 yuan/ton, up more than 1%.

At the end of the month, some hydrogen peroxide manufacturers shut down for maintenance, and they had little confidence in the price. The hydrogen peroxide market began to decline steadily, and the mainstream quotation returned to the front line of 920 yuan/ton.

Li Bing, an analyst of hydrogen peroxide from the business community, believes that after the National Day holiday, terminal demand is expected to improve, and the future market of hydrogen peroxide is expected to rise.

According to the monitoring sample data of the business community, as of September 27, the average price of melamine enterprises was 8366.67 yuan/ton, 0.80% higher than that on September 1, and 12.24% lower than that on a three-month cycle.

In September, the melamine market fluctuated and rose slightly, and the market atmosphere was weak near the end of the month. At the beginning of the month, there was some support on the cost side, but the downstream was mainly bearish, the purchase intention was not strong, and the market was weak. With the rising price of raw urea, the support on the cost side continued to strengthen. Some enterprises received orders for export, but the domestic trade needed to follow up. The low operating rate of the industry and the cost led to the rise of the melamine market. After the rise, the downstream was in conflict with the high price of goods, and more rigid goods needed to be purchased. The manufacturers mainly implemented early orders, The focus of the market negotiation was at a high level, the cost support remained in the late decade, and the operating rate was low, but the demand side was not good, enterprises cut prices to attract orders, the high-end price of the melamine market was loose, and the market atmosphere was weak.

On September 26, the benchmark price of upstream urea was 2553.00 yuan/ton, up 6.38% compared with 2400.00 yuan/ton on September 1.

Melamine analysts from the business community believe that the cost is still supported at present, and the downstream stores are properly stocked up before the festival, but the demand is still poor, and the market atmosphere is general. It is expected that the melamine market will be weak and stable in the short term, and more attention should be paid to the market news guidance.

DOP prices rose first and then fell this week

According to the data monitoring of the business community, as of September 26, the DOP price was 10040 yuan/ton, down 1.69% from 10212.50 yuan/ton on September 18 last weekend; It was down 3.00% from 10350 yuan/ton on September 20. This week, the positive support of DOP weakened, and the price of DOP rose first and then fell.

Domestic DOP import and export volume

According to the data released by the customs, in 2022, the number of DOP source imports will shrink rapidly, while the number of exports will increase. In August, China’s DOP import volume was 161.4 tons, down 98.6% year on year. From January to August, the cumulative import volume fell 81.8% year on year; The export volume of DOP has risen significantly since June. In August, the export volume was 5442.7 tons, up 644% year on year. From January to August, the cumulative increase was 33%. Although the proportion of imported DOP in the domestic DOP market is relatively small, the decrease in imports and the increase in exports also reduce the supply and increase the demand in the domestic DOP market, which is good for the domestic DOP market.

The price of phthalic anhydride stabilized after rising

According to the price monitoring of the business community, the price of phthalic anhydride stabilized after rising this week, and the market of phthalic anhydride rose. As of September 26, the price of phthalic anhydride was 10300 yuan/ton, up 7.29% from 9600 yuan/ton on September 18 at the beginning of the week. Recently, the supply of goods in the phthalic anhydride plant is tight. Some domestic devices have been overhauled. The 120000 ton phthalic anhydride plant in Tongling, Anhui Province has been shut down for maintenance for about a month, and the 100000 ton phthalic anhydride plant in Xinyang Group has been shut down. It is expected that the start-up and restart after the National Day holiday. The domestic spot supply of phthalic anhydride is tight. The price trend of phthalic anhydride in the plant has risen significantly, the cost of DOP raw materials has risen, and the impetus for the rise of DOP has increased.

The price of isooctanol fell sharply

According to the price monitoring of the business community, the price of isooctanol dropped sharply this week. As of September 26, the price of isooctanol was 8866.67 yuan/ton, down 6.01% from 9433.33 yuan/ton on September 18 last weekend. The price of isooctanol fell, the cost of DOP fell, and the positive support of DOP weakened.

Future market expectation

Business agency DOP data analysts believe that the recent plasticizer import and export data has improved, the export volume has greatly increased and the export volume has decreased, and the supply and demand are still good. In terms of raw materials, the price of phthalic anhydride stabilized after a sharp rise, the price of isooctanol fell sharply, and the positive support of DOP weakened. In the future, the demand for DOP cost decreases and the DOP price is expected to fall slightly.

According to the data monitored by the business community, at the beginning of the week, the price of the first grade industrial potassium nitrate in Shanxi was 6675.00 yuan/ton, and at the weekend, the price of the first grade industrial potassium nitrate in Shanxi was 6550.00 yuan/ton, down 1.87%, and up 20.18% year on year.

potassium nitrate

The domestic potassium nitrate market fell slightly this week. It can be seen from the figure above that the potassium nitrate market declined in the past two months, and the market continued to fall this week. The market price of raw potassium chloride is still falling, and new orders for border trade have been signed, among which traders have suffered serious losses. The equipment of the domestic manufacturer is normally started and delivered according to the order. Downstream procurement remained just in demand, market transactions were cold and quiet, and the market for potassium nitrate declined. According to the statistics of the business community, the domestic mainstream potassium nitrate manufacturers quoted 6200-6800 yuan/ton this week (the quotation is for reference only), and the quotation varies according to the procurement situation.

Recently, the domestic market price of imported potassium chloride fell. At present, the market price of 60% salt lake crystal is 3750-3850 yuan/ton (down 50 yuan/ton). The price of 57% of the powder in Qinghai small factories is 3500-3600 yuan/ton (down 100 yuan/ton), and the price of 62% of white potassium in border trade areas is 3850-4950 yuan/ton (down 50-100 yuan/ton). The price of 62% white potassium at the port is 3900-4150 yuan/ton. The price of large particles at the port is mostly 4000-4100 yuan/ton, and the price of 60% red powder is 4000 yuan/ton.

In the near future, the domestic potassium chloride market continues to maintain a sluggish trend, and it is difficult for downstream factories to increase their purchasing strength significantly. It is expected that the price of potassium nitrate will decline mainly in the short term, while the long-term market still needs to wait and see. (The above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of the business community. They are for reference only. For more price details, please contact the relevant manufacturers.).