According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8446 yuan/ton on October 23, and the average price was 8466 yuan/ton on October 30, with a price increase of 0.24% during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10916 yuan/ton on October 23, and the average price was 10866 yuan/ton on October 30, during which the quotation fell by 0.46%.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8500 yuan/ton on October 23, and the average price was 8475 yuan/ton on October 30, with a price drop of 0.29% during this period.

As the end of the month approached, polyethylene showed a weak overall trend with narrow adjustments. In order to promote transactions, merchants actively offered discounts and shipped goods. On the supply side, petrochemical companies have reduced maintenance and supply is loose. On the demand side, the downstream demand for agricultural film is in the peak season, but the operating rate is still at a low level during the same period, and the support is insufficient. Crude oil has fluctuated and declined, and cost support has loosened. The market lacks effective positive factors, and it is expected that polyethylene will experience a weak and narrow adjustment.

According to the Commodity Market Analysis System of Shengyi Society, the palm oil market fluctuated and rose mainly in October, with an increase of nearly 9%. On October 1st, the average market price of palm oil was 8696 yuan/ton, and on October 30th, the average market price of palm oil was 9476 yuan/ton, with a price increase of 8.97%.

Lido continues to fluctuate and rise in the palm oil market in October

After the National Day holiday, the palm oil market heated up and prices fluctuated upwards. This round of palm oil price increase is mainly due to the rise in Malaysian palm oil futures prices in the external market, good supply and demand prospects, export growth, and increased spot market. The average price of palm oil in the domestic market has risen to around 9000 yuan/ton, an increase of nearly 5% compared to the beginning of the month.

In the middle of the month, Malaysia’s palm oil production entered the off-season in the foreign market, causing a decline in palm oil futures. The domestic palm oil futures market fluctuated and fell, and the spot market weakened. The average price of palm oil in the domestic market has fallen to around 9100 yuan/ton, a decrease of about 1%.

At the end of the month, the main producing country Malaysia entered a production reduction cycle, with reduced supply and inventory. Supported by external markets, the domestic palm oil spot market has once again seen an upward trend, with palm oil prices returning to a high of 9500 yuan/ton.

The agricultural product analyst of Shengyi Society believes that since November, the rigid demand for oil and fat has increased, and the external market is still bullish. The domestic palm oil market is expected to continue to rise.

1、 Price trend

According to data monitored by Shengyi Society, as of October 29th, the average price of industrial grade high-quality cyclohexane in China this week was 7833.33 yuan/ton, which remained stable compared to the same period last week. The price of cyclohexane remained strong this week, with manufacturers mainly offering discounts and taking orders. The shipment was active, downstream demand was still acceptable, inventory was slowly consumed, and overall market procurement enthusiasm was still acceptable.

2、 Market analysis

In terms of cost: Currently, the cost support for cyclohexane is insufficient, and the atmosphere of downstream on-site negotiations is light. Cyclohexane lacks favorable support, and downstream follow-up is slow, mainly focusing on essential procurement.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that there is insufficient momentum for the expected short-term increase in cyclohexane market prices.

The market price of epichlorohydrin continued to rise in October. Multiple production enterprises are undergoing equipment maintenance, resulting in tight market supply. Xinyue, Binhua and other facilities operate with reduced load. A leading enterprise has ceased production, and multiple companies have been affected by the suspension of trading and reporting. The decrease in supply has caused traders to push up market prices. According to the market analysis system of Shengyi Society, as of October 28th, the benchmark price of Shengyi Society’s epichlorohydrin is 8725 yuan/ton, an increase of 9.75% compared to the beginning of this month (7950 yuan/ton).

Price influencing factors:

Raw material side: Recently, the price of propylene in the market has fluctuated and risen. According to the market analysis system of Shengyi Society, as of October 28th, the benchmark price of propylene in Shengyi Society was 6865.75 yuan/ton, an increase of 5.41% compared to the beginning of this month (6513.25 yuan/ton).

Downstream demand side: The downstream epoxy resin market is running weakly, and the purchasing mentality is not positive, with rigid demand procurement being the main focus.

In terms of equipment, the 130000 tons/year propylene based epichlorohydrin plant of the leading enterprise in epichlorohydrin production has been shut down for maintenance.

Market forecast: Business Society’s epoxy chloropropane analyst believes that there is still cost pressure on epoxy chloropropane, insufficient follow-up of downstream new orders, cautious procurement of raw materials, and the main demand for transactions. It is expected that the epoxy chloropropane market will remain stable in the short term, and more attention should be paid to changes in raw material prices.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has continued to decline this week. On October 25th, the average price of acetic acid was 2950 yuan/ton, and on October 19th, it was 3050 yuan/ton. The price decreased by 100 yuan/ton during the week, a decrease of 3.28%.

This week, the acetic acid market has been weakly declining, and enterprise quotations have continued to fall. On the supply side, the acetic acid plant on site is operating normally, the market supply is sufficient, the enterprise inventory pressure is high, and the shipping sentiment is strong; On the downstream side, the entry into the market for goods is average, with a focus on small quantities as needed. The market trading is weak, and the atmosphere in the market is bearish, resulting in a continuous decline in acetic acid prices.

As of October 25th, the market prices of acetic acid in various regions are as follows:

Region/ On October 18th/ On October 25th/ Rise and fall

South China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0

North China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0

Shandong region/ 2950 yuan/ton/ 2850 yuan/ton/ -100

Jiangsu region/ 2750 yuan/ton/ 2725 yuan/ton/ -25

Zhejiang region/ 2850 yuan/ton/ 2825 yuan/ton/ -25

The upstream methanol market first fell and then rose. From October 19th to 25th, the average price in the domestic market increased from 2439.17 yuan/ton to 2445.83 yuan/ton, with an overall increase of 0.27%. At the beginning of the week, methanol continued to decline in the previous week’s market trend. After the price fell to a low level, downstream inquiries and purchases increased, boosting the methanol market. In addition, with the recent increase in shipping costs, methanol prices rebounded and rose accordingly.

The downstream acetic anhydride market is weak and declining. On October 25th, the average ex factory price of acetic anhydride was 5122.50 yuan/ton, a decrease of 2.06% compared to the price of 5230.00 yuan/ton on October 19th. The upstream acetic acid market is weak and declining, the cost support for acetic anhydride is weak, the enthusiasm for downstream entry into the market for acetic anhydride is not high, the actual market orders are limited, and the mentality of industry players is bearish, resulting in a decline in acetic anhydride prices.

Market forecast: Business Society’s acetic acid analyst believes that the acetic acid plant is operating normally, the market supply is stable, and there is inventory pressure on enterprises; Downstream and traders are following up as needed, and the market trading atmosphere is relatively weak, with strong supply and weak demand on the market. It is expected that the short-term acetic acid market will continue to consolidate weakly, and attention will be paid to downstream follow-up in the future.