1、 Price trend:

In early November, the domestic PA6 market fell. According to the data monitoring of the business community, the average ex factory price of domestic PA6 was 14233.33 yuan/ton on October 30, and 14166.67 yuan/ton on November 5. The range of increase and decrease within the week was -0.47%, which was -16.83% compared with the same period last year.

2、 Analysis of influencing factors:

This week, the PA6 market turned down, and the slice price was generally lowered. Upstream caprolactam market weakened, and PA6 cost side support weakened. At present, the operating rate of domestic PA6 polymerization plants has been adjusted by a narrow margin, and the overall industrial load is below 70%. The tightening on the supply side is insufficient, the supply side of PA6 is still abundant, and the profit of aggregation enterprises is average. In the early stage, the traditional peak season of “Silver Ten” was not as large as expected, there were many goods on the market, and the slice competition was strong. The high price goods were generally not available. In terms of demand, nylon filament of terminal enterprises started at a high level, while other downstream enterprises were in a fair load position. However, most of them have low enthusiasm for digesting the inventory in the early stage and purchasing, and they tend to be wait-and-see. At present, the operators have no strong confidence in the future market, and the number of traders giving up profits and taking orders has increased.

3、 Future market forecast:

This week, the spot price of PA6 fell, the market of caprolactam became weaker, and the cost support of PA6 was not strong. The demand is relatively lagging behind, and the wait-and-see atmosphere in the market is heavy. At present, the market guidance is empty, and it is expected that the market of PA6 will be weak in the short term.

From October 27, 2022 to November 3, 2022, the market price of antimony ingots in East China will be lowered. Last weekend, the price was 78750 yuan/ton, and this weekend, the price was 77750 yuan/ton, down 1.27%.

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. It can be seen from the above figure that the antimony ingot market has been on the up trend in the near future around the Spring Festival. It entered a stable period after the middle of March, and entered a downward channel in the middle of April. The decline slowed down at the end of April. The trend was stable in May. The price entered an upward channel in June. After a short period of stability in July, it fell again. After August, the market was gradually stable, flat for seven consecutive weeks, and declined at the end of October.

The price of strategic small metal antimony in Europe this week (unit: USD/t)

Variety, October 27, November 3, up and down

European small metal antimony., 11900., 11700., – 200

This week, the price of strategic small metal antimony in Europe remained stable for the time being. As of November 3, the price was $11700/ton, with a weekly drop of $200/ton. Recently, the market transaction was relatively cold and limited.

The price of antimony ingots continued its downward trend at the end of October this week, and finally broke the weak balance at the end of October after the price of antimony ingots remained stable for seven weeks. This round of decline is still driven by demand. In the near future, the downstream antimony oxide has a poor performance. The main application of antimony in the downstream is the flame retardant industry, accounting for about 60%. The overall demand of the flame retardant market in the near future is poor, which adversely affects the sales of antimony oxide. The poor sales of antimony dioxide will further affect the production of antimony ingots. In terms of supply and demand, the overall change in the near future is not big. Under the pattern of weak supply and demand, downstream enterprises still maintain on-demand procurement. In terms of supply, the output in October has not changed much since the domestic large factories resumed production in September. As the external antimony ingot price continues to decline slightly, market participants generally believe that the possibility of antimony ingot price declining is growing. The business community expects that the overall performance of the antimony ingot market will remain stable and weak under the condition that the downstream demand will not improve in the near future.

Price trend of antimony oxide this week (unit: yuan/ton)

Variety, October 27, November 3, up and down

99.5% antimony trioxide, 67000., 65500., – 1500

99.8% antimony trioxide, 69000., 67500., – 1500

The domestic antimony oxide market price was weak this week, the sales of antimony oxide remained weak, and the downstream market was short of gas. The purchase of antimony ingots by antimony oxide enterprises is still on demand in the near future, and the overall market atmosphere is wait-and-see.

According to the monitoring data of the business community, at the end of October, the bad news was still going on, and the hydrogen peroxide market continued to fall. On October 24, the average price of hydrogen peroxide in the market was 870 yuan/ton. On November 2, the average price of hydrogen peroxide in the market was 826 yuan/ton, down 4.98%.

Weak terminal demand, hydrogen peroxide market fluctuated and fell

Since the end of October, the printing industry of hydrogen peroxide terminal paper industry has performed generally, and the enthusiasm for purchasing hydrogen peroxide is not high. The hydrogen peroxide market continues to be weak and consolidated. The quotation of mainstream manufacturers is weak, the price continues to fall, and the decline gradually expands. The price gap between domestic regions is large. Shandong mainstream quotation is 600-630 yuan/ton, and Anhui mainstream quotation is 1000 yuan/ton.

Li Bing, an analyst of hydrogen peroxide at the business agency, believes that: terminal demand is weak, and the future hydrogen peroxide market will still weaken.

1、 Price trend of hydrazine hydrate

(Figure: P-value curve of hydrazine hydrate product)

2、 Market analysis

According to the data from the bulk list of business cooperatives, the price of hydrazine hydrate decreased this month. At the beginning of the month, the average price of hydrazine hydrate was 22866.67 yuan/ton. At the end of the month, the average price of hydrazine hydrate was 21166.67 yuan/ton, down 7.43%. The upstream raw material urea fell in shock, the cost support of hydrazine hydrate weakened, the downstream demand continued to be light, sporadic small orders were purchased, the shipping mentality of the manufacturer was held, and the actual order was negotiated for profit.

Hydrazine hydrate analysts from the business community believe that the domestic hydrazine hydrate cost side urea price may rise slightly, and the hydrazine hydrate cost side support may recover, but the weak downstream demand is hard to change, and hydrazine hydrate price is expected to fluctuate slightly.

Price trend of ethylene oxide in October

According to the data of the business society, the average price of domestic ethylene oxide spot market on October 31 was 6800 yuan/ton, down 9.33% from the average market price of 7500 yuan/ton at the beginning of the month (10.1); It was 0.49% higher than the market average price of 6766.67 yuan/ton on September 1.

Overview of ethylene oxide industry chain

The price of ethylene oxide was dragged down by the downstream and moved down in October.

Fundamentals Overview

In October, the supply and demand side dominated the price market. On the supply side, at present, the capacity utilization rate of domestic ethylene oxide industry is 60% to 70%, some early shutdown devices have been restarted, and new capacity of satellite petrochemical has been added, bringing the expectation of an increase in supply side. In addition, the terminal demand is placed in the real estate industry, and the demand for polycarboxylic acid water reducer monomer, one of the main downstream players, is expected to be poor, generally showing a weak expectation of strong supply and demand.

Future market forecast

The terminal demand is weak and the demand is restrained. Ethylene oxide mainly operates weakly in the short term.