On August 24, the sulfur commodity index was 102.24, up 5.85 points from yesterday, down 1.54% from the highest point of 103.84 in the cycle (2011-11-02), and up 296.43% from the lowest point of 25.79 on February 24, 2020（ Note: period refers to the period from September 1, 2011 to now)

According to the price monitoring of business agency, the price trend of sulfur in East China rose strongly on the 24th, and the average price of sulfur production was 1863.33 yuan / ton, up 6.07% from the previous working day. The quotation of refineries in various regions in China was adjusted, the price of solid-liquid sulfur increased significantly, and the price of solid-liquid sulfur increased by 30-80 yuan / ton at the same time. The supply of goods in Hong Kong is tight, the spot on the site is difficult to find, the goods holders are reluctant to sell, and the external price is strong, which boosts the market mentality. The refineries in China operate normally, the inventory is low, the downstream market procurement is mainly on demand, the market trading is relatively stable, and the mentality of the field operators is good.

Future forecast: at present, the domestic sulfur market is high and strong, the downstream phosphate fertilizer market, domestic demand and export orders are stable, the domestic spot supply is tight, and the main actors in the market support sulfur well. The future sulfur market will wait and see to sort out, and pay attention to the market transaction.

Trade name: isooctanol

Latest price (August 23): 17366.67 yuan / ton

On August 23, the ex factory quotation of isooctanol in Shandong fell, down 433.33 yuan / ton or 2.43% compared with the quotation on August 20. The upstream propylene market rose slightly and the cost support was good. However, the downstream DOP market fell greatly, the downstream procurement enthusiasm weakened, the maintenance of octanol unit was completed, and the supply was normal.

Recently, the ex factory price of octanol in Shandong may fluctuate slightly: the manufacturer’s quotation is about 17000 yuan / ton.

According to the data monitoring of business agency, the chloroform market rose this week (8.16-8.20). The price of chloroform was 3090 yuan / ton on the third day of the week and 3150 yuan / ton on the weekend, an overall increase of 1.94%.

The price of raw liquid chlorine rebounded, the price of methanol fluctuated slightly, and the cost support was stronger than that of last week. According to the business agency, as of August 20, the price of methanol was 2577 yuan / ton, slightly adjusted from 2560 yuan / ton at the beginning of the week; The mainstream ex factory price of liquid chlorine of tank car in Shandong Province is about 1500 yuan / ton.

The overall load of domestic methane chloride plant decreased, and the supply side was relatively tight, which supported the driving of chloroform; The operation of downstream refrigerant enterprises is stable and slightly supported.

Analysts of methane chloride data of business society believe that the cost side rises slightly and the supply side decreases. However, as the hot weather passes, the demand side support will continue to weaken. It is expected that the trichloromethane market will mainly fluctuate in a narrow range in the later stage.

According to the data monitored by the business agency (the average ex factory price of carbide SG5), on August 19, the average mainstream price of PVC in China was 9262.5 yuan / ton, up about 40 yuan from 9225 yuan / ton at the beginning of the week, up 0.41%, 1.37% from the beginning of the month and 41.85% compared with the same period last year.

2、 Market analysis

The PVC market fluctuated slightly this week, and the increase range of enterprises in the week was mostly in the range of 50-100 yuan / ton, with small fluctuation. PVC continued to fluctuate and rise this week. The main reason is still the high raw materials and tight supply in the PVC market, especially the 3 / 8 type. At the same time, the external price is firm and the futures are highly bullish. However, the off-season effect is still dragging PVC up rapidly. On Monday, the PVC market was mixed, but the overall market generally operated steadily; On Tuesday, PVC futures prices soared, boosting the adjustment atmosphere of the spot market. Prices in all mainstream regions generally rose within 50 yuan / ton, but the market transaction atmosphere did not improve synchronously, and the downstream still maintained rigid demand; Since the middle of the week, the PVC market has returned to a stable state. Although the futures price has weakened, the trend of the spot market is still strong.

In terms of spot, at present, the mainstream quotation range of pvc5 electric stone in China is mostly around 9150-9500 yuan / ton. The interval of pvc5 electric stone in Hangzhou is 9330-9430 yuan / ton; The mainstream of pvc5 electric stone in Changzhou is 9300-9450 yuan / ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9380-9450 yuan / ton; Local market prices rose.

In terms of futures, PVC futures prices rose strongly this week, driving the price rise in the spot market. On August 19, the opening price of v2109 contract: 9310, the highest price: 9420, the lowest price: 9220, the position: 135832, the settlement price: 9315, yesterday’s settlement: 9370, down: 55.

region workmanship 8 / 19 (yuan / ton) 8 / 16 (yuan / ton) Rise and fall remarks

East China Calcium carbide method 9320-9420 9320-9410 0/+10 Ex warehouse

south China Calcium carbide method 9340-9420 9350-9400 – 10/+20 Ex warehouse

North China Calcium carbide method 9150-9220 9120-9220 + 30/0 Delivered

southwest Calcium carbide method 9150-9300 9150-9250 0/+50 Delivered

International crude oil, on August 18, the international oil price continued to fall. The settlement price of the main contract in the U.S. WTI crude oil futures market was $65.21/barrel, down $1.13 or 1.69%, and the settlement price of the main contract in Brent crude oil futures market was $68.23/barrel, down $0.80 or 1.20%. Oil prices fell for five consecutive trading days, and WTI crude oil closed at a nearly three-month low. Although the inventory data routinely released by the U.S. Energy Information Administration (EIA) on Wednesday showed that the decline of U.S. crude oil inventories exceeded expectations, the general market concern about demand overshadowed the news, and the spread of delta virus cooled demand expectations. In addition, there are signs that the supply of oil producing countries, including the United States, is also increasing.

For ethylene, on August 18, in the American ethylene market, FD American Bay quoted $835-853 / T, down $33 / T. recently, the American ethylene market fell and the demand was average. On August 18, FD northwest Europe quoted $1368-1375 / T, down $2 / T, CIF northwest Europe quoted $1240-1248 / T. on August 18, the Asian ethylene market, CFR Northeast Asia quotation is USD 926-936 / ton, and CFR Southeast Asia quotation is USD 961-971 / ton. Recently, ethylene prices in Asia are mainly stable. Affected by the decline of upstream crude oil price, the ethylene market in the later stage may mainly fall below.

For calcium carbide, the ex factory price of Northwest calcium carbide was temporarily stable on August 19, and the reference price of calcium carbide was 5266.67, an increase of 2.6% compared with August 1 (5133.33). The price of raw material blue carbon rose slightly, and the cost of calcium carbide supported well. The downstream PVC market has risen slightly recently, and the downstream customers’ enthusiasm for calcium carbide procurement has increased. At the same time, the start of a new round of power rationing in Inner Mongolia is the main reason for the rise in calcium carbide prices. In the future, it is expected that the factory price of calcium carbide in Northwest China may rise slightly

3、 Future forecast

PVC analysts of business society believe that at present, the price of raw calcium carbide continues to rise, the cost support is strong, and the tight supply of PVC has not changed, which supports the high price of PVC. It is expected that the market will continue to operate at a high level in the short term and the price will be adjusted in a narrow range.

According to the data monitoring of business agency, the price of industrial grade and battery grade lithium carbonate continued to rise this week, and the rise was large. On August 18, the average price of industrial grade lithium carbonate in East China was 100200 yuan / ton, which was 4.59% higher than that in early Zhou (the average price of industrial grade lithium carbonate in East China was 95800 yuan / ton on August 15). On August 18, the average price of battery grade lithium carbonate in East China was 105000 yuan / ton, which was 6.06% higher than that in early Zhou (the average price of battery grade lithium carbonate in East China was 99000 yuan / ton on August 15). On the 18th, the comprehensive quotation of industrial grade lithium carbonate market was about 98000 ~ 105000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market was about 103000 ~ 111000 yuan / ton.

According to the observation of market changes, the price of lithium carbonate has been rising continuously this week, and the rising range continues to expand, and the prices of many enterprises have been significantly adjusted. Due to the good market demand for low-end electric vehicles in China, the lithium iron phosphate route is favored, and the demand for lithium carbonate is good. In addition, the rapid rise of spodumene price also drives the upward trend of lithium carbonate price. Recently, Ganfeng lithium (002460. SZ), Tianqi lithium (002466. SZ) and Salt Lake shares (000792. SZ) have become popular all the way.

The price of domestic industrial grade lithium hydroxide in the downstream increased again, the downstream demand for gas is still good, the market inquiry atmosphere is positive, the enterprise offer is high, and it is difficult to find a source of low-cost goods. In terms of lithium iron phosphate, at present, the mainstream quotation range of lithium iron phosphate power type is 51000-55000 yuan / ton, and the quotation range of energy storage lithium iron phosphate is 46000-49500 yuan / ton. The lithium iron phosphate Market has increased steadily, and the operation is stable, medium and strong in the short term.

On August 17, the lithium carbonate commodity index was 246.11, unchanged from yesterday, down 39.25% from the highest point 405.10 in the cycle (2018-01-07), and up 149.76% from the lowest point 98.54 on October 16, 2014（ Note: period refers to the period from September 1, 2011 to now)

According to the lithium carbonate analysts of business society, at present, the supply of some lithium carbonate enterprises is relatively scarce. They suspend external quotation and mostly focus on price negotiation at the end of the month. Therefore, the price may still have room to rise. It is expected that the price of lithium carbonate may continue to rise in the short term.