1、 Price trend:

According to the monitoring data of the business agency, the price of caustic soda is mainly weak and stable. In early September, the average price in Shandong market was 475 yuan / ton, and in the middle of September it was 452.5 yuan / ton, with a price drop of 4.74% and a decrease of 36.93% in the same period of last year. On September 14, the commodity index of caustic soda was 65.11, which was the same as yesterday, setting a new low in the cycle, which was 68.53% lower than the peak of 206.87 on November 14, 2017. (Note: period refers to 2011-09-01 to now)

2、 Market analysis

The price of domestic liquid caustic soda is basically stable, the awareness of price rising in upstream is strong, the demand of downstream is weak, and the rise is weak. At present, the price of 32% ion-exchange membrane caustic soda: the price of caustic soda in Shandong is weak, and the mainstream ex factory price of 32% caustic soda is 400-500 yuan / T. the price pressure of domestic liquid caustic soda is large, the downstream demand is weak, and the pressure is constantly exerted, and the supply of caustic soda is sufficient. It is expected that the price of caustic soda in Shandong will be weak in the future. The price of caustic soda in Shandong is in a weak position. The mainstream ex factory price of 32% caustic soda is 400-500 yuan / ton. The price pressure of domestic liquid caustic soda is large, and the downstream demand is weak, so the pressure is constantly exerted. However, the supply of caustic soda is sufficient. It is expected that the price of caustic soda in Shandong will be weak in the future. Caustic soda in Henan is in a weak position. The mainstream ex factory price of 32% caustic soda is 1500-1600 yuan / T (100 yuan). The downstream demand is general, the market transaction atmosphere is not good, and the transaction is general. It is expected that the price of caustic soda will be in a weak steady state in the near future. Market trading is not warm, downstream receiving goods carefully.

At present, the domestic liquid chlorine market is still maintained at a high level. The mainstream of Shandong market is 900-1000 yuan / ton, the downstream demand of Shandong market is stable and the price is mainly maintained at high level; the mainstream transaction volume of Hebei market is 1000-1100 yuan / ton; the mainstream transaction volume of Henan market is 950-1000 yuan / ton. It is predicted that the liquid chlorine will still be strong in the later stage.

Demand: on the downstream side, the recent production reduction of overseas alunorte alumina plant and the decrease of supply have led to the rapid rise of overseas alumina prices. However, the recent arrival of low-cost alumina in Hong Kong has little impact on the domestic aluminum market. The change of terminal demand is limited. The price of liquid caustic soda in most areas remained weak and stable. In Shandong, the main production area, the price dropped to a low level, and the overall supply exceeded demand.

According to the price monitoring of the business agency, in the 36th week (9.7-9.11) of 2020, there are 0 kinds of commodities rising and 3 kinds of falling commodities in the price rising and falling list of chlor alkali industry, and 2 kinds of commodities are up and down to 0. The main commodities falling were caustic soda (- 4.23%), hydrochloric acid (- 2.59%) and PVC (- 0.38%). This week, the average rise and fall was – 1.44%.

Business agency analysts believe: the domestic price of liquid caustic soda is basically stable, mainly price deadlock. The weakening of downstream demand leads to price weakening. The overall supply of caustic soda exceeds the demand, and there is no sign of improvement in demand. Generally speaking, the downstream demand can’t pull the price of caustic soda better for the time being. The price of caustic soda is mainly operated in a short-term or weak stable way, and the downstream market demand is the specific factor.

According to the price monitoring of business agencies, the domestic spot market price of PTA fell slightly on September 14, with an average price of 3496 yuan / ton on the spot market of that day, down 0.06% compared with the previous trading day and 32.58% lower than that of the previous trading day. PTA main futures (2101) closed higher and closed at 3630, up 2% or 0.06% from the previous trading day.

In terms of PTA plant, Luoyang Petrochemical Company shut down 325000 tons at the end of July for maintenance, and started to restart on September 14. Ningbo Yisheng plans to restart on September 16. At present, the overall operating load of the industry has risen to more than 87%, the spot supply is loose, and the market mentality is cautious. The price of downstream polyester market is stable and weak, some factories have preferential promotion, but there is no obvious large-scale production and sales, PTA sales atmosphere is flat, inventory contradiction is still prominent.

Xia Ting, an analyst at the business agency, believes that PTA prices continue to fluctuate downward in the short term.

According to the data monitored by the business agency, as of September 11, the comprehensive price of PC market was 14566.67 yuan / ton. This week, the PC market was weak, down 0.46% compared with the same period last week, and 7.11% higher than that of the same period last month. Although there was a slight decline this week, the overall trend showed an upward trend.

This week, the PC market showed a weak and stable operation. Yuyao’s PC market has a low center of gravity, poor demand, and a dull trading atmosphere. Most of the merchants mainly make profits and take orders. At present, the shipment is smooth, the inventory is general, and the PC cost pressure is still high in the upstream. As of September 11, the shipment in South China is slow, and the main task is to wait and see. The center of North China is weak and the transaction order is limited The price is 14200-15800 yuan / ton, the latest quotation of Luxi Chemical is 14200 yuan / ton, Lihua yiweiyuan is 14000 yuan / ton, and Shanghai Kesi is 15500 yuan / ton.

The center of gravity of upstream bisphenol is on the high side, and the price is stable. At present, the inventory is low, and the downstream demand is general, so it is mainly to purchase on demand. The mainstream price is 11800-11900 yuan / T.

The rubber and plastic index on September 10 was 651 points, down 3 points compared with yesterday, 38.58% lower than 1060 (2012-03-14), and 23.30% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

PC analyst of business agency thinks: in the short term, the PC market is mainly digested and sorted out, and the focus of negotiation is stable. (the above prices are provided by major PC manufacturers all over the country and analyzed by business PC analysts for reference only. Please contact relevant manufacturers for more price details.)

The average price of formaldehyde in Shandong Province on September 7 was 880.00 yuan / ton, and that on September 8 was 950.00 yuan / ton, an increase of 7.95%. The current price is up 10.47% month on month, and the current price is down 22.13% compared with last year.

Recently, the domestic market price of formaldehyde has risen slightly. As of September 8, the mainstream factory quotation in Central China is about 950 yuan / ton, that of mainstream manufacturers in North China is 740 yuan / ton, and that in East China is 928 yuan / ton. Shandong Linyi Hongfa plant with an annual output of 70000 tons of formaldehyde shut down. Recently, the start-up of formaldehyde factories in Shandong has been improved, and the shipment volume has increased slightly compared with the previous period. The trading atmosphere was more positive, and the formaldehyde market was mainly up.

Situation of upstream methanol: in recent years, the domestic and domestic methanol market has shown an upward trend, and some manufacturers have increased the ex factory quotation by about 30-50 yuan / ton. The quotation of methanol market in various regions has also increased to varying degrees, among which Shandong and Shanxi regions have obvious upward trend. The main factors of this week’s price rise are the positive futures driven, as well as the favorable impact of the recovery of downstream demand. In the short term, the positive factors will still remain for a period of time, traders are full of bullish mentality.

The start-up of downstream wood board enterprises has not yet recovered, and the demand is general. The purchasing is mainly based on rigid demand, and the mood of stock preparation is weak. The amount of formaldehyde enterprise shipment is acceptable, and the overall negotiation atmosphere is general.

In recent days, the futures of upstream raw material methanol port have been significantly increased. Under the strong rise of port inland, methanol has risen in a wide range, with strong cost support, and formaldehyde is passively following up. Therefore, formaldehyde analysts of chemical branch of business society predict that the domestic formaldehyde price will mainly rise in the near future.

According to the price monitoring of business agencies, the domestic spot market price of PTA fell slightly on September 7, with an average price of 3590 yuan / ton, down 0.37% from the previous trading day and 31.97% lower than that of the previous trading day. PTA main futures (2101) closed down and closed at 3726, down 4% or 0.11% from the previous trading day.

Ningbo Yisheng 2.2 million ton PTA plant was shut down for 2 weeks on September 3. Huabin Petrochemical’s 1.4 million ton PTA plant has been upgraded to full load operation. The overall operating load of the industry has increased to more than 83%, and the supply tends to be loose. Crude oil fell sharply on Friday. As of September 4, the international crude oil WTI closed at US $39.77/barrel and Brent closed at US $42.66/barrel. Crude oil fell to the low point since July 13, and the wait-and-see atmosphere in the market increased. The downstream polyester market is low in buying, light demand and high production and sales in the early stage of market digestion.

Xia Ting, an analyst at the business agency, believes that the price of raw materials at the cost end has fallen and adjusted, and PTA trend is weak. In the future, we still need to pay attention to the oil price and maintenance.