According to the Commodity Market Analysis System of the Business Society, the prices of polyformaldehyde in Shandong have been fluctuating and declining recently. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 5275.00 yuan/ton, and on the weekend, the average production price of polyformaldehyde in Shandong was 5225.00 yuan/ton, a decrease of 0.95%, a month on month decrease of 4.35%, and a year-on-year decrease of 3.83%.

Upstream methanol situation: The domestic methanol market has slightly declined, with most coal mines in the main production areas maintaining normal production and sales. Except for some mines that are still under rectification, the overall supply is basically stable. The cost of methanol is influenced by favorable factors. Affected by the trend of commodities, the methanol futures market fell, and the atmosphere in the mainland market quickly weakened, leading to a decline in the methanol market.

Recently, the methanol market has been weak and declining, with poor cost support. Downstream demand for procurement has been maintained, while polyformaldehyde manufacturers have maintained normal shipments. Polyformaldehyde analysts from the business community predict that prices may decline slightly.

According to data monitored by the Business Society, as of October 17th, the average price of domestic industrial grade premium cyclohexane was 7466.67 yuan/ton, which is slightly stronger than the same period last week. The price has increased by 4.19% compared to the same period last week, and the overall market supply and demand are balanced, with manufacturers mainly selling at profit.

The market price of cyclohexane has slightly increased, with the mainstream price around 7466.67 yuan/ton, an increase of 4.19% compared to the same period last week. The quotation range of mainstream manufacturers remains around 7000 yuan/ton, and downstream procurement is on demand. The willingness to stock is not strong, the demand is average, and upstream support is weak.

Chemical index: On October 16, the chemical index was 926 points, a decrease of 5 points from yesterday, a decrease of 33.86% from the highest point of 1400 points in the cycle (2021-10-23), and an increase of 54.85% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Cyclohexane analysts from Business Society believe that in the short term, the stable operation of the cyclohexane market is the main trend, with a narrow range leaning towards strong operation.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on October 9th was 13337 yuan/ton, and on October 16th, the average market price of domestic liquid caprolactam was 13050 yuan/ton. Caprolactam prices fell by 2.16% this week.

2、 Market analysis

The market price of caprolactam fell first and then rose this week. The price of raw material pure benzene has been lowered, and cost support has weakened. Downstream on-demand procurement, with weak terminal demand.

The price of raw material pure benzene has slightly decreased this week. On October 9th, the price of pure benzene was 7880 yuan/ton, and on October 16th, the price of pure benzene was 7822 yuan/ton, a decrease of 0.73% compared to last week,

This week, the downstream PA6 market weakened and fell, resulting in poor market transactions. As of October 16th, the reference average price of domestic PA6 is 14375 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam analysts believe that the caprolactam market has slightly rebounded recently. The market for raw material pure benzene has rebounded, with increased cost support, but terminal demand needs to be improved. It is expected that in the short term, the price of caprolactam will be adjusted and operated with fluctuations in raw materials.

According to monitoring data from Business Society, as of October 13, 2023, the domestic market price of organic silicon DMC was referenced at 14540 yuan/ton. Compared with October 1 (organic silicon DMC reference 14860 yuan/ton), the price was reduced by 320 yuan/ton, a decrease of 2.15%.

From the data monitoring chart of the Business Society, it can be seen that after the National Day holiday, the overall domestic silicone DMC market has shown a weak and declining trend. After the holiday, the trading atmosphere on the organic silicon DMC floor was light, downstream demand was weak, and new orders were limited, resulting in overall supply pressure on the floor. In terms of cost, the market for raw material metal silicon is weak after the holiday, and the cost support provided to organic silicon DMC is also loose. After the holiday, although the prices of major factories in Shandong remained stable, some factories and suppliers offered discounts and lowered the price of organic silicon DMC by around 200 to 300 yuan/ton. As of October 13th, the domestic organic silicon DMC market price is based on 14200-14800 yuan/ton.

Prediction of the Future Trend of Organic Silicon DMC Market

At present, the trading atmosphere in the organic silicon DMC market is mild. After the market drops to a low point, short-term bargain-hunting and stocking in the downstream may drive a temporary increase in demand. However, in the long run, the overall performance of the organic silicon DMC market still shows strong supply and weak demand. Therefore, according to the organic silicon DMC data analyst of the Business Society, in the short term, the domestic organic silicon DMC market will mostly adjust and operate in a weak and narrow range.

According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1203.33 yuan/ton, while at the end of the week, the average price of formaldehyde in Shandong was 1206.67 yuan/ton, a decrease of 0.28%. The current price has decreased by 15.42% compared to last year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and declined. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, and the market has continued to fluctuate this week. As of October 12th, the mainstream market price in Shandong region is 1150-1260 yuan/ton. This week, the price of raw material methanol showed a slight downward trend, with poor cost support. Downstream procurement remained in demand, while the formaldehyde market had light trading volume and the market was volatile and consolidated.

Upstream methanol situation: The domestic methanol market has slightly declined, with demand side agricultural demand in the off-season, and industrial demand for cautious procurement. In the short term, the price of chemical coal may continue to fluctuate in a narrow range. The cost side of methanol is influenced by bearish factors. The supply in mainland China is abundant. The overall recovery is greater than the loss, resulting in an increase in capacity utilization. The supply side of methanol is negatively affected.

Recently, the methanol market has been weak and declining, with poor cost support, poor demand from downstream panel factories, and a flat transaction atmosphere. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that the price of formaldehyde in Shandong will mainly decline in the near future.