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.

1、 Price trend

According to the data monitored by the business community, the spot market price of PVC SG5 fell in October. On October 1, the average price of domestic PVC was 6265.71 yuan/ton, and on October 28, the average price was 6021.43 yuan/ton. The price fell 3.9% in the month.

2、 Market analysis

After the National Day holiday, the market price of PVC calcium carbide SG5 rose slightly for a short time. With the end of the small replenishment after the festival, affected by the decline of futures, the lack of confidence in the PVC spot market weakened, and the market price began to fall gradually. Both futures and current prices fell this month, which affected market confidence mutually. At present, most manufacturers do not make external quotations, and the actual transaction is limited. The market trading atmosphere is more light. Up to now, the quotation range of PVC 5 carbide in China is mostly around 5650-6200 yuan/ton.

In terms of international crude oil, on October 27, the international crude oil futures prices continued to rise on the previous trading day. The settlement price of the main contract of U.S. WTI crude oil futures was 89.08 dollars/barrel, up 1.17 dollars or 1.3%; The settlement price of Brent crude oil futures contract in December was 96.96 dollars/barrel, up 1.27 dollars or 1.3%. The focus of the market is still on the problem of tight supply. In addition, the economic data released on Thursday showed that the US GDP grew moderately by 2.6% in the third quarter, which is also good for oil prices at the macro level.

In terms of calcium carbide, the mainstream factory price of calcium carbide in northwest China rose slightly in October. The price of calcium carbide rose from 3700.00 yuan/ton on October 1 to 3950.00 yuan/ton on October 28, an increase of 6.76%. The price at the end of the month fell by 50.83% year-on-year. In the future: in the first ten days of November, the carbide market may fall slightly, mainly finishing. The price of upstream raw material blue charcoal has risen slightly recently, and the cost of calcium carbide is well supported. However, the downstream 1,4 butanediol and PVC markets declined slightly, and the downstream demand weakened. In the future, it is predicted that carbide prices in northwest China will fall slightly in the first ten days of November, mainly finishing.

3、 Future market forecast

PVC analysts from the business agency believe that the PVC spot market price continued to fall this month, and the downstream demand was affected by the market performance of real estate data, and the market demand was still lower than expected. Although the upstream crude oil futures and calcium carbide prices rose, the impact on PVC spot prices was limited. The PVC market is expected to be weak and stable in the short term.

According to the data monitored by the business community, as of October 27, the average price of domestic rubber grade superior white carbon black was 5600.00 yuan/ton. In October, the overall market of white carbon black was stable, with no significant change in price. At present, the downstream just needs to purchase mainly. The purchase intention is general, the market supply is normal, and the operating rate is stable. It is expected that the overall market will maintain the supply and demand balance in November, with little price fluctuation.

As of October 17, the average price of domestic rubber grade superior white carbon black was 5600.00 yuan/ton, unchanged compared with the same period last week. At present, white carbon black is operating steadily, with merchants giving up profits and taking orders. The overall market supply and demand are balanced, the purchasing atmosphere is general, and the overall trend is stable. At present, the market supply is normal, the operating rate is stable, downstream just needs to purchase mainly, and the white carbon black market is operating stably, with no significant price change compared with the same period last week, The downstream just needs to purchase mainly, and the contract customers are mainly supplied. The operating rate is stable, the logistics is smooth, the market negotiation atmosphere is flat, the manufacturers are active in shipping, and the overall market operation is stable.

As of October 24, the average price of domestic rubber grade superior white carbon black was 5600.00 yuan/ton, and the overall market was stable and weak. At present, white carbon black is running smoothly, with stable operating rate, general purchasing atmosphere, and stable overall trend. At present, the market supply is normal, and the downstream just needs to purchase, while the white carbon black market is mainly stable, with no obvious price change compared with the same period last week. The main contract customers are supplied, with stable operating rate, and the downstream just needs to purchase, The logistics is smooth, the market negotiation atmosphere is flat, the willingness to prepare goods is not obvious, and the overall market operation is stable.

Chemical commodity index: On October 26, the chemical index was 971 points, down 2 points from yesterday, down 30.64% from the cycle’s highest point of 1400 points (2021-10-23), and up 62.37% 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)

According to the white carbon black analysts of the business community, the white carbon black market is expected to operate stably in November, with the mainstream price range of 6000 yuan/ton.