From November 4, 2022 to November 11, 2022, the ex factory price of hydrogenated benzene in North China dropped sharply, at 7150 yuan/ton last weekend, and 6966.67 yuan/ton this weekend, a weekly drop of 2.56%.

 

Main domestic market price of hydrogenated benzene this week (unit: yuan/ton)

 

Market, price on November 4, price on November 11, up and down

East China, 7050 ～ 7150, 7000 ～ 7100., – 50

Shandong, 6900 ～ 6900., 6800 ～ 6900., – 50

 

Crude oil: On November 10, international crude oil futures prices rose. The settlement price of the main contract of US WTI crude oil futures was 86.47 US dollars/barrel, up 0.64 US dollars or 0.8%. The settlement price of the main contract of Brent crude oil futures was 93.67 dollars/barrel, up 1.02 dollars or 1.1%. The inflation data of the United States in October was lower than market expectations, supporting the rebound of oil prices, and diluting the fear of slowing fuel demand in Asia due to epidemic measures.

 

POLYVINYL ALCOHOL

Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)

 

Date., Adjusted Price., Adjusted Amount

November 2., 7200., – 250

November 4., 7000., – 200

The ex factory price of Sinopec’s pure benzene will be reduced by 200 yuan/ton on November 4, 2022, and the current price is 7000 yuan/ton.

 

Other enterprise quotations: Chambroad Petrochemical quoted 7000 yuan/ton, HSBC Petrochemical quoted 7050 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, and Xinhai Petrochemical quoted 6950 yuan/ton.

 

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July. It has slightly warmed up in late August and early September, and fell in October and November.

 

The overall pure benzene market was weak this week. At the beginning of the week, the trend of crude oil and styrene was volatile, the price of the external market fell slightly, the price of pure benzene fell slightly after the lack of support, and the factory price of Sinopec was also lowered to 7000 yuan/ton. With the price of pure benzene falling, the market became active, and some enterprises bought on the cheap, which boosted the market mentality of pure benzene. With the deal getting better and better, the market price stopped falling and stabilized, and the market negotiation price slightly warmed up. Near the weekend, crude oil weakened again, pure benzene lost its support again, and the price dropped slightly by 25-50 yuan/ton. The overall trend of the industrial chain was weak this week, and the price of hydrogenated benzene was dragged down. This week, the price dropped significantly, and the factory price dropped continuously. As of the press release, the mainstream factory price in Hebei was 6900-7000 yuan/ton. In the future market, the business community believes that at present, the pure benzene industry chain is dominated by negative factors, the crude oil is weak, the market atmosphere is low, and the price is expected to remain weak in the short term. In the future, we will focus on the trend of crude oil, styrene and downstream demand.

http://www.polyvinylalcohols.com

According to the data monitored by the business community, as of November 15, the average price of domestic rubber grade superior white carbon black was 5750.00 yuan/ton, and the overall market was stable and strong. Compared with the same period last week, the price of white carbon black rose by a narrow range, with an overall increase of 1.77%. At present, the operating rate is stable, the procurement atmosphere is general, and the trend of stable, medium and strong will be maintained in the short term.

POLYVINYL ALCOHOL

 

The white carbon black market is dominated by strong operation, with a price rise of 1.77% compared with the same period last week, and a narrow rise. The manufacturer mainly supplies contract customers. The overall market negotiation atmosphere is general, the willingness to prepare goods is not strong, and the operating rate remains stable. The recent new quotation of the enterprise is 5800 yuan/ton for Jinan Jinrihe Chemical Co., Ltd., 7000 yuan/ton for Shandong Longhui Chemical Co., Ltd., and 6000 yuan/ton for Jinan Century Lianxing Economic and Trade Co., Ltd.

 

Chemical index: On November 14, the chemical index was 943 points, down 2 points from yesterday, down 32.64% from the cycle’s highest point of 1400 points (2021-10-23), and up 57.69% 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.

http://www.polyvinylalcohols.com

According to the monitoring of the bulk data of the business community, the recent mainstream price of styrene in Shandong has been adjusted. On the 7th, the average price of styrene in Shandong was 8191.67 yuan/ton, and on the 14th, the average price of styrene in Shandong was 8225.00 yuan/ton, up 0.82%. The price fell 8.86% year on year.

 

styrene

 

POLYVINYL ALCOHOL

Styrene market price retreated this week. It can be seen from the above figure that recently, the price of styrene has mainly fallen in shock, and this week, the price has slightly warmed up. The main reason is that the price of styrene has reached a low level, the domestic supply has decreased slightly, and the downstream demand is strong, which has played a certain role in supporting the price of styrene, and the spot price of styrene has bottomed out.

 

In terms of raw materials, this week’s pure benzene fluctuated. On November 4, the price of pure benzene was 6900-7050 yuan/ton (the average price was 6967 yuan/ton). On Friday (November 11), the price of pure benzene was 6900-7050 yuan/ton (the average price was 6976 yuan/ton). The average price was 0.13% higher than last week and 8.34% lower than the same period last year. Crude oil fell, and the downstream market was poor. The fundamentals of pure benzene were weak, and the center of gravity was weak. In the second half of the week, pure benzene rose slightly due to the rise of crude oil and styrene and the improvement of downstream purchasing.

 

In terms of downstream, the three major downstream styrene markets rose and fell at different levels this week. At the beginning of this week, the average price of PS ordinary materials was 10100 yuan/ton, and at the weekend, the average price of PS ordinary materials was 10066 yuan/ton, down 0.33%. The raw material surface continues to vibrate in the box, the on-site trading atmosphere is not good, the downstream procurement is lack of interest, the merchant shipping resistance still exists, and the firm offer is flexible and profitable.

 

EPS prices fell this week. Overall transaction weakened month on month. On the 7th, the average price of EPS ordinary materials was 11025 yuan/ton, and on the 14th, the average price of EPS ordinary materials was 10950 yuan/ton. The buying enthusiasm was not high, the EPS market price was weak, and the terminal demand was sluggish. The manufacturer lowered the price in order to maintain the shipment.

 

The domestic ABS market fluctuated slightly in early November. According to the data monitoring of the business community, the average ex factory price of domestic ABS was 12000 yuan/ton on November 7 and 12050 yuan/ton on November 14, with a weekly increase or decrease of+0.42% and – 26.75% compared with the same period last year. Recently, the load of ABS industry is high, and the plant commencement is generally maintained at a high level of 80% to 90%, and the supply of goods on the site continues to be abundant. The market competition is strengthened, the pressure on suppliers is highlighted, and petrochemical plants have reduced the factory price to take delivery.

 

In the near future, the pure benzene inventory is still at a high level, and the market is hardly expected to rise sharply. The demand side performs well. The domestic styrene will maintain normal production, and the styrene market is expected to rise slightly.

http://www.polyvinylalcohols.com

Domestic price trend of paraxylene:

 

POLYVINYL ALCOHOL

It can be seen from the trend chart of paraxylene that the price trend of this week is temporarily stable. As of the weekend, the domestic ex factory price of paraxylene was 8600 yuan/ton, unchanged from the price of 8600 yuan/ton at the beginning of the week, up 17.81% year on year.

 

The domestic supply of paraxylene is normal, and the domestic PX operating rate is more than 70%. The external dependence of PX products is about 40%. Recently, the price of PX’s external market has declined slightly. As of October 10, the closing price of the Asian paraxylene market was 974-976 yuan/ton FOB South Korea and 992-994 dollars/ton CFR China. The decline of external market price is bad for the domestic market. Recently, the operating rate of PX units in Asia has slightly increased. On the whole, the operating rate of paraxylene units in Asia is about 60%. The supply of PX goods in Asia has increased, and the domestic market trend of paraxylene is temporarily stable.

 

The price of crude oil fell slightly this week. As of the 10th day, the settlement price of the main contract of the WTI crude oil futures in the United States had reached 86.47 dollars/barrel, and the settlement price of the main contract of Brent crude oil futures had reached 93.67 dollars/barrel. The oil demand forecast in Asia is still uncertain. With the US mid-term election looming, market concerns about demand have depressed oil prices. In addition, the data released by the US Energy Information Administration (EIA) on Wednesday was negative, and the growth of crude oil inventory last week exceeded expectations. The price of crude oil declined slightly, and the domestic market price of paraxylene was temporarily stable due to this impact.

 

The downstream PTA market price fell slightly this week, and the average PTA market price was 5700-5750 yuan/ton as of the 11th day. The commissioning of new devices has been the main negative factor to suppress the PTA price in recent months, which has been partly reflected in the price. With the implementation of new devices, the supply of PTA has gradually increased. The current PTA operating rate is around 74.5%, and the supply is more relaxed than the previous period. At present, it is in the traditional peak season of the textile industry. As the temperature gradually drops, there is a potential demand for periodic bargain hunting. Domestic orders for cold proof and warm insulation textiles and clothing fabrics in autumn and winter have improved on a month on month basis. The purchase volume in Europe and other places has rebounded. The purchase of blankets and electric blankets in Yiwu has been significantly boosted. At present, the comprehensive operating rate of looms in Jiangsu and Zhejiang is maintained at around 57%. However, on the whole, terminal orders are mainly small and medium-sized orders. On the whole, the downstream market has not changed much. Affected by this, the price trend of the domestic paraxylene market is temporarily stable.

 

Chen Ling, a PX analyst from the business community, believes that the current crude oil market is a long short game, and the short-term price will remain volatile. The downstream commencement of the terminal has little change. Although the overall demand is maintained, the overall supply of PTA may gradually increase, and the price has downward pressure. It is expected that there may be a small decline in the market price of dimethylbenzene in the later period.

http://www.polyvinylalcohols.com

Zinc price rose continuously in November

 

According to the data monitoring of the business community, after the continuous fall of the zinc price, the zinc price rose in November. As of November 8, the zinc price was 24668 yuan/ton, up 6.61% from 23138 yuan/ton on November 1. The continuous fall of zinc price stimulated the turnover and accumulation of zinc market. The inventory of zinc market fell sharply and the supply of zinc was tight. In November, the zinc price rose for five consecutive times.

 

The inventory of zinc ingots in the zinc market dropped sharply

Statistical table of zinc futures inventory in Shanghai futures market

Time, futures inventory, increase and decrease

October 10., 12865., – 1251

October 11., 12638., – 227

October 12, 13041, 403

October 13., 13165., 124

October 14., 16329., 3164

October 17, 42,080, 25,751

October 18, 45164, 3084

October 19., 44990., – 174

October 20., 40900., – 4090

October 21., 38815., – 2085

October 24., 37087., – 1728

October 25.,, 32335., – 4752

October 26., 30228., – 2107

October 27, 27,460., – 2768

October 28., 22669., – 4791

October 31., 17,935., – 4734

November 1, 11318, – 6617

November 2., 5347., – 5971

November 3., 1396., – 3951

November 4., 842., – 554

November 7., 644., – 198

November 8., 644., 0

It can be seen from the zinc ingot inventory table of Shanghai futures market that since the middle of October, the demand of zinc market is expected to recover, and the inventory of Shanghai futures market has declined, while the continuous drop of zinc price at the end of October has further stimulated the enthusiasm of zinc market. By November, the zinc inventory had dropped 6617 tons on the first day, and the zinc market’s inventory had no way to drop, and the zinc price had risen.

 

Zinc ingot inventory in London futures market

Time, futures inventory, increase and decrease

October 3., 53,625., 0

October 4., 53425., – 200

October 5., 53350., – 75

October 6., 53325., – 25

October 7., 53475., 150

October 10., 53300., – 175

October 11., 53,275., – 25

October 12,. 53100., – 175

October 13,. 51,925., – 1175

October 14., 51500., – 425

October 17, 51350, – 150

October 18., 51225., – 125

October 19., 51200., – 25

October 20., 50925., – 275

October 21., 50600., – 325

October 24., 50575., – 25

October 25., 49825., – 750

October 26., 48925., – 900

October 27., 48175., – 750

October 28., 47400., – 775

October 31., 45525., – 1875

November 1., 44825., – 700

November 2., 44225., – 600

November 3., 44175., – 50

November 4, 44050, – 125

November 7, 43850., – 200

November 8., 43675., – 175

POLYVINYL ALCOHOL

It can be seen from the zinc ingot inventory table in London futures market that since October, the zinc ingot inventory in London market has been declining continuously, and the speed has reached the peak around November. The supply of zinc ingots in the international market is insufficient, and the inventory of zinc market continues to decline. At the end of October, the continuous fall of zinc price stimulated the purchasing enthusiasm of zinc market, and the inventory of zinc ingots dropped significantly. However, with the continuous increase of zinc price, the purchasing enthusiasm of zinc market declined. The reduction of zinc ingot inventory slowed down.

 

Future market forecast

 

According to the data analysts of the business community; The general background of weak supply and demand in the zinc market has not fundamentally changed. The demand in the zinc market in October did not perform as expected, and the zinc price fell continuously. However, the falling zinc price stimulated downstream customers’ desire to copy the bottom, and the zinc ingot inventory plummeted. The supply of zinc is temporarily in short supply, and the price of zinc has risen continuously in November. However, the overall balance of supply and demand in the zinc market has not been broken. With the decline of zinc ingot inventory, the rise of zinc price has slowed down. It is expected that the future zinc price will fall slightly in the short term, and the medium and long term zinc price will be adjusted in a wide range.

http://www.polyvinylalcohols.com