According to the monitoring data of the business community, after the National Day holiday, the market of hydrogen peroxide kept falling, and the average market price dropped to 873 yuan/ton, a drop of more than 5%. At the beginning of the month, the average price of hydrogen peroxide in the market was 920 yuan/ton. On the 11th, the average price of hydrogen peroxide in the market was 873 yuan/ton, a 5.07% drop. The sharp drop of hydrogen peroxide after the festival was mainly caused by the weak terminal demand.

Weak terminal demand, weak hydrogen peroxide market, downward trend

After the National Day holiday, the demand for hydrogen peroxide in terminal printing, paper industry and other industries declined, and the hydrogen peroxide market continued to weaken. There is a big difference in the domestic market in major production areas. The hydrogen peroxide market in Shandong is weak, and the mainstream quotation drops to 600 yuan/ton; The market of hydrogen peroxide in Anhui Province is relatively stable, lasting 1100 yuan/ton. The domestic hydrogen peroxide market continues to be weak, led by bad news.

Li Bing, an hydrogen peroxide analyst from the business community, believes that the demand is weak, and the hydrogen peroxide market is still weak in the future.

After yesterday’s rise, the downstream inquiry atmosphere is insufficient today, and the terminal just needs to submit an offer on the low side. The supplier’s offer today has declined. The mainstream negotiation on the market is 11150-11200 yuan/ton, and the actual order also has a small margin of profit. The on-site trading and follow-up is slow.

On October 10, phenol offers in various markets across the country were as follows:

Region, quotation, daily rise and fall

East China., 11150., – 50

Shandong Province, 11450., 0

Yanshan surrounding area, 11400., 0

South China, 11350, 400

According to the data monitored by the business community, the domestic carbon black price was 11550 yuan/ton on October 9. After the National Day, the carbon black market price fluctuated strongly and did not fluctuate much.

On the cost side: the tight supply of raw coal tar market still exists, and the price continues to be high in the early stage. In the short term, the tight price of coal tar is hard to change, and the cost pressure of carbon black remains. Supply and demand: Affected by the high level of raw coal tar, the carbon black market loss situation is expanding, and the carbon black production enterprises are not enthusiastic about starting work, which has decreased compared with last month. At present, due to the high price of high temperature coal tar, the cost side of carbon black enterprises is under obvious pressure. In order to control costs and reduce production burden, some carbon black enterprises start to maintain low load operation, and it is difficult for carbon black enterprises to start work in the short term.

In terms of downstream tire enterprises, some enterprises plan to arrange 7-14 days of maintenance in October. On the whole, the tire enterprises are underoperating, and the actual production demand has decreased. Affected by this, the terminal tire enterprises maintain the rigid demand, and the market transaction is slightly cold.

To sum up, at present, the carbon black market price is running at a high level, and there is a strong wait-and-see mood in the market. It is expected that the carbon black market price is running at a high level. In the later stage, attention should be paid to the enterprise’s commencement and downstream market dynamics.

Trade name: cryolite

Latest price (October 8): 7775.00 yuan/ton

Key points of analysis: the cryolite market in Henan Province is stable, and the average price of cryolite production is flat compared with that before the National Day. In the upstream, the construction starts are low, raw materials are tight, fuel costs, coal, natural gas and other prices are high, enterprises are under great pressure to produce, cryolite inventory is tight, downstream parties follow up on demand when entering the market, enterprises ship more smoothly, on-site supply and demand are relatively balanced, and cryolite prices operate at a high level.

Future market forecast: the short-term cryolite market will stay high and the price will be temporarily stable. The future market will focus on the market supply.

1、 Price trend

Business agency: domestic maleic anhydride market declined after rising in September

According to the data from the business community, the average price of maleic anhydride as of September 30 was 8400.00 yuan/ton (tax included), up 7.97% from 7780.00 yuan/ton on September 1.

2、 Analysis of influencing factors

In September, the domestic benzene maleic anhydride market continued to shut down. The accident in Shandong Dachang in early September, coupled with downstream enterprises entering the stocking cycle before the National Day, led to the continuous rise in the price of n-butane oxidation maleic anhydride. In late September, the supply of n-butane oxidation maleic anhydride increased, and the downstream entered the pre holiday stocking cycle. However, the resin purchasing mood was general, the stocking was cautious, and the transaction was limited. The price of maleic anhydride continued to decline. As of the 30th, the solid anhydride in Shandong was about 7500 yuan/ton, that in Jiangsu was about 7500 yuan/ton, that in Shanxi was about 9500 yuan/ton, that in Hebei was about 8000 yuan/ton, and that in South China was about 7700 yuan/ton.

In September, the trend of international crude oil prices was volatile and downward. The decline of crude oil prices was mainly due to the trade-off between the supply risk of Russian oil and the concern about economic recession caused by the Federal Reserve leading the global central bank to raise interest rates. The US strategic oil reserves fell continuously, hitting a 38 year low. OPEC+, an oil producing country, will increasingly demand for reducing inventory and increasing oil prices, and its idle capacity has been very limited, so it will be very difficult to increase production in the later period. Moreover, Western sanctions against Russia are still escalating, the effective period of the oil shipping ban is getting closer and closer, and the supply side is still on the high side in the near future.

In September, the market of hydrogenated benzene rose first and then fell. The ex factory price in North China was 7633.33 yuan/ton at the beginning of the month and 7900 yuan/ton at the end of the month, up 3.49% month on month. Near the end of the month, the bad news from crude oil and styrene dominated, while the downstream stock preparation was basically ended, the market transaction weakened, and the price fell.

3、 Future market forecast

Maleic anhydride product analysts from the business community believed that the domestic maleic anhydride market rose in September and then fell. At present, the benzene oxidation process in the domestic maleic anhydride market has suffered a serious loss. The factory has been shut down for maintenance, and there is less circulating goods in the market. At the beginning of September, Shandong Dachang had an accident. The supply of maleic anhydride by n-butane oxidation method decreased. In addition, downstream enterprises entered the stocking cycle before the National Day one after another. The price of maleic anhydride continued to rise, and the supply of maleic anhydride increased at the end of the month. Downstream procurement was basically ended. Resin procurement was in a general mood, stock was cautious, and transactions were limited. The price of maleic anhydride continued to decline. It is expected that the maleic anhydride market will be weak in the near future.