In October, the domestic dimethyl ether market rose mainly as a whole, and the price of Henan market was firm, with significant increase. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4230 yuan/ton on October 1 and 4560 yuan/ton on October 27, with a rise of 7.8% in the month, down 14.25% compared with the same period last year.

As of October 27, the market prices of dimethyl ether in various regions in China are as follows:

Region, mainstream quotation

Jiangxi, 4550 yuan/ton

Hebei, 4560 yuan/ton

Henan Province, 4190-4560 yuan/ton

In October, the domestic dimethyl ether market was relatively strong as a whole. The Henan market continued to increase mainly, and the Hebei and Jiangxi markets also rose to varying degrees, with significant amplitude. After the National Day holiday, the Henan market rose strongly, and the factory quotation continued to rise. On the cost side, the raw material methanol market started to rise on September 25. As of October 8, methanol rose by 19.8% during this period. The sharp rise in raw materials has brought significant benefits to the dimethyl ether market. On the supply side, many sets of devices, such as Hebi BMW and Qinyang Shengxin, were parked, the market supply was low, and most manufacturers had no pressure on inventory. On the demand side, after the festival, the logistics was recovered, and the demand for downstream inventory and replenishment was good. The enthusiasm for entering the market was good, and the market trading atmosphere was relatively mild. The market is obviously favorable, and the dimethyl ether market has sufficient driving force. In the later period, with the price of raw materials falling back, and the terminal demand increasing is limited, the enthusiasm of downstream entering the market is less than that in the earlier period, and the power of dimethyl ether to continue to rise is insufficient, so the price drops slightly. However, the low supply level in Henan market has provided relative support, and the price of dimethyl ether market has been mostly sideways until the end of the month.

To sum up, the current raw material methanol market is weak, and the cost support for dimethyl ether is insufficient. In terms of demand, the improvement of terminal demand is relatively limited, the enthusiasm of downstream market entry is not high, and the market trading atmosphere is general. However, in terms of supply, the market in Henan is relatively low. Most of the upstream inventories are under control. The manufacturers have an obvious attitude of price support, and most of the prices are stable. Dimethyl ether is expected to continue to rise in November.

According to the monitoring of the business community, the domestic price of styrene butadiene rubber was 11300 yuan/ton on October 26, down 0.07% from the previous day. On the 26th, the ex factory price of styrene butadiene rubber manufacturers was stable. The price of raw styrene decreased slightly; The overall supply of styrene butadiene rubber is sufficient; Downstream demand is sluggish; Weak market in the industrial chain; The offer of styrene butadiene rubber from some merchants fell by 50 yuan/ton. According to the monitoring of the business community, the mainstream offer of the domestic SBR 1502 market was around 11200~11500 yuan/ton on the 26th.

Enterprise, product, ex factory price (yuan/ton)

Sinopec Huabei., Qilu Butadiene 1502., 11200

Sinopec Huabei., Qilu Butadiene 1712., 10000

Sinopec East China, Yangzi/Qilu SBR 1502., 11200

Sinopec East China, Yangzi SBR 1712., 10000

Sinopec South China., Qilu Butadiene 1502., 11400

Sinopec South China., Qilu Butadiene 1712., 10200

PetroChina East China., Jihua/Lanhua/Fushun Butadiene 1502., 11200

PetroChina Northeast, Jilin Chemical/Fushun Butadiene 1502., 11200

Future market forecast: the supply side is loose, downstream demand is limited, and cost support is weak. It is expected that the price of styrene butadiene rubber will be weak and volatile in the later period.

The price of acrylonitrile rose sharply this week (10.17-10.24). As of October 24, the price of bulk water in the acrylonitrile market was 10820 yuan/ton, up 5.56% from 10250 yuan/ton last Monday. At present, the price of acrylonitrile apron in China is between 10700 and 11200 yuan/ton. It is difficult to find low price goods in the market, and traders are reluctant to sell.

Acrylonitrile is currently at a low level of construction, and some enterprises plan to stop for maintenance in the near future, so the supply side is expected to be tight in the later period. According to the business community, the operating rate of acrylonitrile in China is around 70%. The 210000 t/a acrylonitrile unit of Anqing Petrochemical is planned to be shut down for maintenance for 60 days at the end of October; The 260000 t/a acrylonitrile unit in Kruer is planned to be shut down for maintenance in the first ten days of November.

This week (10.17-10.24), the raw propylene market declined slightly, and the cost support weakened. According to the monitoring of the business community, as of October 23, the domestic propylene price was 7426 yuan/ton, down 0.13% from 7436 yuan/ton on October 17. As of the 23rd, the mainstream quotation of domestic propylene (Shandong) market was 7400-7450 yuan/ton, and the enthusiasm for propylene demand declined. The factory sold at a discount.

In October, ABS at the downstream of acrylonitrile continued to operate at a high level of 8% to 9%; Acrylic fiber, polyacrylamide and nitrile rubber industries started to maintain stability, and downstream demand has a strong need to support acrylonitrile.

Future forecast: Acrylonitrile analysts from the business community believe that although the cost of acrylonitrile has decreased slightly, the supply of acrylonitrile will be tight in the short term, and the downstream will continue to need support. It is expected that the acrylonitrile market will remain high in the future.

According to the data monitored by the business community, as of October 24, the price of lithium iron phosphate, an excellent power product, was 160000 yuan/ton. Compared with the same period last week, the price of lithium iron phosphate remained stable. The downstream procurement atmosphere was general, and the operating rate was normal. Lithium iron phosphate was mainly ordered by contract customers. New orders were limited. At present, the mainstream price range was 155000-160000 yuan/ton.

The price of lithium iron phosphate, an excellent power product, is 160000 yuan/ton. The price of lithium iron phosphate is mainly stable, and there is no significant change. The price range is maintained at 155000-160000 yuan/ton. At present, the downstream just needs to purchase, with a stable operating rate, a general purchasing atmosphere, and a stable overall market. The manufacturer’s supply is only for regular customers, mainly for contract customers to arrange orders for shipment. The overall market negotiation atmosphere is fair.

Chemical commodity index: On October 23, the chemical index was 988 points, unchanged from yesterday, 29.43% lower than the cycle’s highest point of 1400 points (2021-10-23), and 65.22% higher than the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present)

Analysts of LiFePO4 from the business community believe that the LiFePO4 market will remain stable in the short term.

1、 Price trend:

According to the bulk list data of business cooperatives, the domestic market of PA6 was weak in the middle of October, and the spot prices of various brands were reduced by a narrow margin. As of October 22, the mainstream offer price of the sample enterprise for China Adhesive 2.75-2.85 was about 14200 yuan/ton, up and down by+1.43% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: in the upstream, the caprolactam market has fallen recently, the raw material pure benzene has fallen due to the decline of international crude oil, and the cost support of caprolactam has weakened. At present, the caprolactam industry has a high load position, with a narrow increase this week, and there is a certain supply pressure. Downstream enterprises purchase caprolactam on demand, and buyers are limited in their acceptance of high priced goods, so they often purchase at low prices. It is expected that the caprolactam market will be dominated by weak operation in the short term.

Upstream caprolactam market fell, and PA6 cost end support weakened. The operating rate of domestic PA6 polymerization plants decreased slightly this week, and the overall industrial load remained stable at 70%. The supply side of PA6 is abundant, and the profit of aggregation enterprises is poor. The effect of the traditional peak season of “Yinshi” is limited. There are many goods on the market, and the slice competition is strong. The high price goods are generally sold poorly, and the market atmosphere is gradually weakening. The operating rate of terminal enterprises was high and increased by a narrow margin. They digested the inventory stack in the early stage and paid more attention to buying and waiting. The superposition of the news that the new PA6 unit was put into production further exerted pressure on the supply side, and the speed of goods moving in the field decreased, resulting in an increase in inventory. At present, the operators are bearish about the future market, and the traders are willing to make concessions to the market.

3、 Future market forecast:

Analysts from the business community believed that the spot price of PA6 was weak this week, the price of caprolactam fell, the cost support of PA6 weakened, and the far upstream was also weak. On the demand side, it ran smoothly, but the industry was worried that PA6 capacity expansion continued to put pressure on the market, and the wait-and-see atmosphere was heavy. It is expected that the market of PA6 will be weak in the short term.