1、 Price trend

According to the monitoring of bulk commodity data, the price of Yunnan Guizhou yellow phosphorus market fell slightly this week. The average price of yellow phosphorus last Thursday was 31333.33 yuan/ton, and the average price this Thursday was 31125 yuan/ton. The price fell within the week by 0.66%.

2、 Market analysis

The price of Yunnan Guizhou yellow phosphorus market dropped slightly this week. At present, the market is in a stalemate, yellow phosphorus prices are rising, and the market transaction prices are beginning to decline. Downstream market is sluggish, purchasing enthusiasm is not high, and goods are taken cautiously. The transportation of yellow phosphorus in some regions of Yunnan is not very smooth, and many manufacturers do not make external quotations. Up to now, the quotation of yellow phosphorus is about 30000-32500 yuan/ton.

In terms of phosphate rock, the overall phosphate rock market was stable and consolidated this week. According to the data monitoring of the business community, as of November 24, the reference average price of 30% grade phosphorus ore in mainstream areas in China was around 1056 yuan/ton. Some domestic mining enterprises and mines have stopped production, and it is difficult to improve the tense situation of domestic phosphorus ore supply in the short term. The phosphorus ore data engineer of the business community believes that the overall domestic phosphorus ore market is expected to operate mainly in a stable and small way in the short term, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

In terms of coke, the price of coke market was temporarily stable this week. According to the data monitoring of the business community, as of November 24, the price of quasi primary metallurgical coke in Shanxi was 2300 yuan/ton. In general, coke steel has a heavy game mentality, coke enterprises have a good mentality, and the market sentiment has warmed up to a certain extent. It is expected that the coke price will temporarily operate stably in the short term, and the future market will focus on the sales of finished products and the price trend of raw coke coal.

In terms of phosphoric acid, the price of phosphoric acid market rose in a volatile manner this week. On November 17, the average price of phosphoric acid was 8416.67 yuan/ton, and on November 24, the average price was 8487.50 yuan/ton. The price was raised within the week by 0.84%. At present, the phosphoric acid market fluctuates slightly. Downstream procurement was cautious, and the market trading performance was average. It is expected that in the short term, the phosphoric acid market will be more wait-and-see, with major stability and small dynamic operation.

3、 Future market forecast

Yellow phosphorus analysts from the Chemical Branch of the Business Cooperative believe that the current rise in yellow phosphorus prices has cooled, and the market transaction price has begun to decline. On the whole, the upstream phosphate rock price is temporarily stable, and the coke market price is temporarily stable. Downstream customers are cautious in receiving orders, and purchase at a lower price. The overall demand is not good, and the turnover of new orders is limited. It is expected that the yellow phosphorus market will be dominated by weak and stable operation in the short term.

According to the monitoring of the business community, the price of coking coal was consolidated this week. The average market price at the beginning of the week was 2383.33 yuan/ton. On November 21, the average market price was 2383.33 yuan/ton, down 22.49% from the same period last year. On November 20, the energy index was 1139, unchanged from yesterday, down 27.03% from the highest point of 1561 (2021-10-21) in the cycle, and up 122.90% from the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, the price of coking coal runs at a high price, and the price of some kinds of coal rises slightly. The mentality of the mining area has improved. Downstream coke was temporarily stable after falling this week, and coke enterprises’ inventory generally declined. At present, the on-site inventory is generally low, coke enterprises’ mentality is stronger, and the profits of steel plants are still poor this week. However, near winter, the steel plants have certain winter storage plans, and their purchasing enthusiasm has been improved.

According to the coking coal analysts of the business community, the price of coking coal is operating at a high price, and the demand for coking coal in the downstream coke sector has increased recently. The steel plant has a certain winter storage plan, and the purchasing enthusiasm has improved. The coke enterprises have a good mentality, and the market sentiment has risen to a certain extent. In general, the price of coking coal is operating at a high price, and the downstream market demand is specific.

According to the data monitored by the business community, as of November 22, the average price of domestic superior rubber grade white carbon black was 5750.00 yuan/ton, and the overall market was stable and strong, which was stable compared with the price of white carbon black in the same period last week.

The white carbon black market mainly operates stably, and the manufacturer mainly supplies contract customers. The overall market negotiation atmosphere is general, the readiness of goods is not strong, and the operating rate remains stable.

Chemical index: On November 21, the chemical index was 942 points, up 1 point from yesterday, down 32.71% from the cycle’s highest point of 1400 points (2021-10-23), and up 57.53% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

The white carbon black analyst of the business community believes that the price of rubber grade white carbon black will remain around 6000 yuan/ton in the short term.

1、 Price trend

As can be seen from the figure above, the domestic neopentyl glycol market price fell slightly this week. This week, the average price of the mainstream market of neopentyl glycol in China dropped from 9666.67 yuan/ton at the weekend to 9200.00 yuan/ton at the weekend, a decrease of 4.83%. A year-on-year decrease of 51.75%. On November 20, the neopentyl glycol commodity index was 44.18, down 0.16 points from yesterday, a record low in the cycle, and 57.36% from the peak of 103.61 on September 22, 2021. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The price of neopentyl glycol mainstream manufacturers fell slightly this week.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 6500.00 yuan/ton at the weekend to 6333.33 yuan/ton at the weekend, a decline of 2.56%. The upstream raw material market price fell slightly, and the cost support weakened. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

3、 Future market forecast

The market trend of neopentyl glycol in late November may fluctuate slightly. The upstream isobutyraldehyde market declined slightly, the cost support weakened, the downstream paint market was in general, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analysts of the business community believe that the market price of neopentyl glycol in the short term may fluctuate slightly under the influence of supply and demand, raw materials and other aspects.

Price trend

In the middle of November, the domestic ABS market was put into operation, and the price fluctuated slightly. According to the data monitoring of the business community, the average ex factory price of domestic ABS was 12000 yuan/ton on November 13 and 12050 yuan/ton on November 19, with a weekly increase and decrease of+0.42%.

Cause analysis

In terms of raw materials, the three upstream materials of ABS rose in the second half of November and stabilized in the first half, showing a fair overall performance. Among them, the load of the acrylonitrile industry was low, and the supply side tightened to support the continuous rise of the market. Strong support for ABS cost side.

Butadiene market trend stopped falling. At the beginning of this week, the market took over the earlier market of strong supply and weak demand. At present, affected by the news of the maintenance of the Zhejiang Petrochemical plant, the merchants took the opportunity to raise their quotations. However, the pattern of abundant supply remains unchanged, and the downstream rigid demand support is not strong, resulting in a limited rebound of butadiene.

In terms of styrene, this week’s narrow rise was followed by consolidation and operation, and the increase in export orders boosted the domestic market supply prices. However, the upstream crude oil and pure benzene markets fell, and the demand improvement was limited, which dragged down the future market of styrene.

In terms of supply: In the middle of November, the load of ABS industry was adjusted in a narrow range. At present, the commencement of the plant is maintained at more than 92%, unchanged from last week, and the supply of goods on the site continues to be abundant. The inventory position decreased by 13000 tons compared with last week. At the same time, the enterprise’s cost side pressure increased, and the ex factory price increased, with an average increase of less than 100 yuan/ton.

Demand: At present, downstream factories, including the main terminal household appliances industry, are generally motivated to stock up, and the market trading is weak as a whole. The traditional peak demand season has ended, and the overall demand for support has dropped. Buyers have poor acceptance of the offer after the rise.

Future market forecast

This week, the three upstream materials of ABS will either rise or level, providing strong support for the cost side of ABS. The petrochemical plant started at a high level, and the weekly output was stable. Fortunately, the operation of destocking was effective, and the pressure on the supply side was slightly relieved. The demand side has not improved, and the market is stronger in a narrow range under the long short game, but it is also difficult to rise further. It is expected that in the short term, the ABS market will continue its narrow range consolidation operation.