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.

The price of ethylene oxide remained stable this week, of which the ex factory price in the mainstream East China was 7200 yuan / ton, and the quotation in other regions was 7200-7400 yuan / ton.

After digesting the increase this week, the price of upstream ethylene CFR Northeast Asia market rose slightly to US $775 / T, which reduced the pressure on the cost side, but in other words, the profit margin of EO was also compressed. Ethylene glycol is affected by the downstream traditional peak season, the demand side is strong, and the price is strong. The supply and demand of downstream monomer manufacturers are fair. Affected by the EO price, more than half of the manufacturers raised the unit price on August 31, reducing the enthusiasm of trading and increasing the market wait-and-see attitude.

The volatility is limited in the short term.

In August, the LPG civil market (Shandong) showed a fluctuating upward trend, and the fluctuation range was relatively limited during the period. According to the data monitoring of the business agency, the average price of liquefied gas in Shandong market on August 1 was 3116.67 yuan / ton, and that on August 31 was 3176.67 yuan / ton. During the period, the average price rose by 1.93% and decreased by 30.69% compared with January 1.

In August, the LPG market continued the rise in July, and the focus continued to move upward. There were more favorable conditions in the month, supporting the market to rise again. However, due to the traditional off-season has not passed, the market is still negative factors, the road to rise is more difficult, showing a volatile upward trend in the month. At the beginning of the month, the market first returned to rationality. Due to the resistance of the downstream to high prices, more cautious wait-and-see, manufacturers’ shipment is hindered, and more small price cuts to stimulate downstream market entry. Subsequently, due to the slight increase of CP price in August and the slight rise of international crude oil during the period, the overall supply of the market did not change much, and the support price rose again under multiple favorable conditions. The enthusiasm of the downstream to enter the market turned active, and they entered the market to replenish goods one after another. The manufacturer’s inventory is controllable as a whole, the production and sales are balanced, the mentality is firm, and the price rises sharply.

In the middle of the month, Shandong LPG civil market continued to rise, the range was narrowed, and most prices exceeded 3200 yuan / ton. From August 10, Shandong market continued to rise slightly. On the 10th, international crude oil rebounded slightly, bringing some support to the market. Downstream more on-demand procurement, market entry enthusiasm, manufacturers shipping smoothly. The overall inventory in the upstream is mostly maintained at the median level. The market supply of civil gas in Shandong has not changed much, and the mentality is relatively firm. From October to December, the prices of main producers increased slightly, while other manufacturers followed. However, the ability of the downstream to accept high prices is limited. With the price rising, the resistance increases, and the enthusiasm for entering the market turns weak. Until the 17th, the price was loose and the market was up and down. With the continuous price rise, downstream delisting and wait-and-see, the atmosphere of manufacturers’ shipment weakened, and the overall inventory increased slightly, reaching the above median level.

At the end of the month, Shandong LPG civil market remained stable on a large scale with limited fluctuation range. The price was mostly maintained at about 3200 yuan / ton, and the market transaction atmosphere was general. From August 18 to 20, due to the limited downstream demand and resistance to high prices, the enthusiasm for entering the market turned weak and the atmosphere of shipment was general. The market was weak at first, but the range was not large. Subsequently, on the 21st and 24th, there were two small rises, but the range was still limited. Due to the low level of supply in the District, after the price dropped slightly, the downstream market was appropriately replenished, and the transaction atmosphere was improved. After the manufacturers’ inventory fell to the middle level, some of them pushed up sporadically, and the upstream mentality was strong, and the end of August was high consolidation.

Until August 31, the mainstream prices of LPG in various regions in China are as follows:

Specification, mode of transportation, region, date, mainstream transaction price

Civil gas and automobile transportation in North China on August 31, 3000-3120 yuan / ton

Civil gas and automobile transportation in East China on August 31, 2960-3000 yuan / ton

Civil gas and automobile transportation in South China on August 31, 2920-2950 yuan / ton

Civil gas and automobile transportation in Shandong Province on August 31, 3150-3200 yuan / ton

Civil gas and automobile transportation in Northeast China on August 31: 3100-3300 yuan / ton

Civil gas and automobile transportation in Western China on August 31, 2940-2950 yuan / ton

International crude oil price fluctuated in August and upward news boosted LPG Market

In August, the international crude oil market continued to release good news. The US crude oil inventory decreased sharply, the US crude oil inventory decreased significantly, and the meeting of the OPEC + Joint Ministerial Supervision Committee (jmmc) put pressure on the oil producing countries whose output exceeded the target, requiring them to further reduce production from August to September. As a result, a large number of offshore drilling platforms in the Gulf of Mexico were forced to shut down and the crude oil production decreased Low. International crude oil prices rose in August, with WTI crude oil futures up 7.15%.

LNG futures market rose first and then fell in August, which had limited support for spot market

On the whole, the LPG civil market in August was still affected by seasonal factors, the shipment was weak, the terminal market demand was limited, and most of the downstream market entry enthusiasm was general, and most manufacturers’ inventory was in the middle and high level. However, the CP price was released in September at the end of the month, propane remained stable compared with the previous month, and butane increased by $10 / T, although the increase was less than expected, it also brought some positive support to the market. With the end of the off-season in August and the traditional sales peak season of “gold, nine silver and ten”, the demand is expected to increase, but the negative factors still exist, and the market supply in September will increase slightly. It is expected to rise slightly in the short term. In the long run, September and October may have a substantial upward trend.