1、 Price trend

According to data monitored by Shengyi Society, as of November 12th, the average quotation price of domestic high-quality DMF enterprises was 4180 yuan/ton, a narrow decline compared to the same period last week, and a 1.18% decrease compared to the same period last week. Currently, the overall market center of gravity is weak, and overall market shipments are slow. The mainstream market price is around 4100 yuan/ton, and inventory is running at a low level.

2、 Market analysis

This week, the overall market price of DMF remained stable, with prices maintained at around 4100 yuan per ton. Currently, the market trend is weak, with mainstream prices ranging from 4100-4200 yuan per ton. Downstream procurement is active, and the cost support for DMF is currently insufficient, with inventory running at a high level.

3、 Future forecast

DMF analysts from Shengyi Society believe that DMF is expected to maintain a weak trend in the short term, with mainstream prices around 4100-4200 yuan/ton.

According to monitoring data from Shengyi Society, the domestic adipic acid market has weakened overall since November, with a slight decline. On November 1st, the average market price of adipic acid was 8666 yuan/ton. On November 11th, the average market price of adipic acid was 8600 yuan/ton, a decrease of 0.77%.

Negative leads to weak rise in adipic acid market

At the beginning of November, the domestic adipic acid market continued to decline weakly. The main reason is that the upstream raw materials, pure benzene and cyclohexanone, have both experienced weak declines in the market, and there is insufficient driving force for cost increases, resulting in average demand for adipic acid procurement from end-users. Combined with the loose supply of adipic acid itself and multiple negative factors, the rebound of adipic acid market is weak, and weak downward trend is the main trend. The mainstream market price is 8400-8600 yuan/ton, and the market is running weakly.

An analyst from Shengyi Society believes that negative factors are still present, and in the short term, the adipic acid market is unlikely to have upward momentum and will continue to weaken.

According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (11.1-11.8), with an average market price of 254660 yuan/ton at the beginning of the week and 261830 yuan/ton at the end of the week, an increase of 2.82%.

The recent rebound trend of tin prices within the range. The tight supply at the upstream mining end continues, and although news of the resumption of tin mining in the Wa State of Myanmar continues, it has not yet been implemented. Currently, Myanmar’s mineral exports are low and there is no significant increase in the short term. In early November, the operating rate of refined tin smelters in Yunnan and Jiangxi regions slightly decreased, and there was a significant consumption of inventory in the early stage. In the context of tight mining conditions, smelting production has declined, and it is expected that tin production will remain stable throughout the year.

The tin terminal consumer electronics, semiconductor and other fields are showing a trend of recovery, driving the consumption demand for downstream tin soldering materials and other products. It is expected that the demand for electronic consumption will continue to recover. Photovoltaic and tinplate continue to grow.

Based on comprehensive analysis, with the recovery of terminal consumption and the support of various policies, tin prices are expected to maintain a strong trend within the range.

According to the Commodity Market Analysis System of Shengyi Society, on November 7th, the domestic cyclohexanone market price reference was 8575 yuan/ton. On November 1st, the domestic cyclohexanone market price reference was 8837 yuan/ton, with a price reduction of 262 yuan/ton, a decrease of 2.97%.

From the commodity market analysis system of Shengyi Society, it can be seen that this week (11.3-11.7), the overall domestic cyclohexanone market showed a weak downward trend. During the week, the cyclohexanone market continued to move towards a low level, and the focus of transaction negotiations decreased. As of November 7th, the cyclohexanone market price in Shandong region was around 8450-8500 yuan/ton, and the cyclohexanone market price in southern China region was around 8700-8750 yuan/ton.

In terms of supply: Currently, the supply side of cyclohexanone is relatively stable, and there is little change in the overall operation of the supply side, which provides moderate support for the cyclohexanone market.

On the demand side: Recently, the downstream demand market for cyclohexanone has shown cautious performance, with a relatively light overall inquiry atmosphere. Most new orders are for urgent replenishment, and the support given to cyclohexanone on the demand side is limited.

Downstream product caprolactam: As we enter November, the market for caprolactam, a downstream product of cyclohexanone, continues to decline, with the market center of gravity continuously exploring. As of November 6th, the reference price of caprolactam is 10666.67 yuan/ton, a seven day decline of 4.78%.

Market analysis in the future

At present, the trading atmosphere in the cyclohexanone market is poor, with a strong wait-and-see attitude and a general mentality among industry players. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate within a narrow range, and specific changes in supply and demand information need to be closely monitored.

According to the Commodity Market Analysis System of Shengyi Society, as of November 6, 2024, the reference price of n-butanol in Shandong Province, China was 7266 yuan/ton. Compared with November 1 (reference price of n-butanol was 6900 yuan/ton), the price has increased by 366 yuan/ton, an increase of 5.31%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that in the first week of November, the overall market situation of n-butanol in Shandong Province, China, showed a slight upward trend. Entering November, the n-butanol market is operating steadily and steadily. Entering this week, the market price of n-butanol is gradually approaching high levels, and factories and suppliers in Shandong have raised the ex factory price of n-butanol by 100-150 yuan/ton. As of November 6th, the reference price for n-butanol in the domestic Shandong region is around 7200-7300 yuan/ton.

On the supply side: In November, the overall supply performance of n-butanol in the field was stable, and the supply side provided stable support similar to n-butanol.

On the demand side: Currently, downstream demand for n-butanol has improved, with a mild atmosphere for on-site inquiries. Overall transactions for n-butanol have also improved, and prices in the n-butanol market are gradually rising with the support of demand.

Market analysis in the future

At present, downstream replenishment of n-butanol is relatively active, and the atmosphere in the market is gradually warming up. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly operate in a stable to strong direction, and specific changes in supply and demand information need to be closely monitored.