1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average price of domestic ammonium sulfate market was 980 yuan/ton on November 10th, and 950 yuan/ton on November 16th. This week, the domestic ammonium sulfate market price fell by 3.06%.

2、 Market analysis

The domestic ammonium sulfate market price continued to decline this week. At present, market demand is weak and transactions are weak. Downstream and dealer inquiries are relatively few, resulting in an increase in the operating rate of downstream composite fertilizers and a demand for procurement of ammonium sulfate. The low prices in the international market have a bearish impact on the domestic market. As of November 16th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 900-930 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 940-980 yuan/ton.

3、 Future Market Forecast

Analysts from Business Society’s ammonium sulfate market believe that the bidding price for ammonium sulfate has been continuously lowered recently, and the market situation has remained sluggish. The trading volume on the market is relatively low, and the bearish sentiment in the market remains. It is expected that the short-term market price of ammonium sulfate will be mainly weak and declining.

Acetic anhydride prices fluctuated and rose this week

According to the Commodity Market Analysis System of the Business Society, as of November 15th, the price of acetic anhydride was 5762.50 yuan/ton, an increase of 1.54% compared to the fluctuating price of 5675 yuan/ton on November 7th. The price of raw materials has increased, and acetic anhydride enterprises are operating under capacity. This week, the price of acetic anhydride has fluctuated and increased.

The operating load of domestic acetic anhydride manufacturers has decreased. Last week, some of Yankuang’s acetic anhydride equipment briefly shut down. Overall, the inventory of acetic anhydride manufacturers is insufficient, and the supply of acetic anhydride in the spot market has decreased, increasing support for the rise of acetic anhydride.

Acetic acid prices have risen this week

According to the market analysis system of acetic acid products in the Business Society, as of November 15th, the price of acetic acid was 3150 yuan/ton, an increase of 1.61% compared to the price of 3100 yuan/ton on November 7th. Some acetic acid enterprises have lowered their equipment parking load, combined with low inventory levels from manufacturers, resulting in a decrease in acetic acid supply. However, downstream demand for acetic acid is flat, and customer procurement enthusiasm is poor. Acetic acid manufacturers have limited willingness to support prices, but the price of acetic acid has stabilized after rising. There is some support for the cost of acetic anhydride, and there is still momentum for the rise of acetic anhydride.

Future prospects

Analysts from Business Society’s acetic anhydride data believe that the support for the rise of acetic acid is limited, but there is currently no downward trend for acetic acid, and the cost support for acetic anhydride still exists; The operating load of acetic anhydride manufacturers has decreased, the supply of acetic anhydride has decreased, and the upward momentum of acetic anhydride has increased, leading to an increase in the price of acetic anhydride. Overall, cost support still exists, and the supply of acetic anhydride has decreased. It is expected that the price of acetic anhydride will fluctuate slightly in the future.

Recent price trends of tetrahydrofuran

According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market prices have stabilized at a low level this week. The average price of tetrahydrofuran in the mainstream domestic market this week was 12875.00 yuan/ton, with a year-on-year decrease of 20.40% over the weekend.

Insufficient upstream support and weakened downstream demand

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors are temporarily stable this week, with average inventory levels.

From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly declined this week, with prices dropping from 9928.57 yuan/ton at the beginning of the week to 9907.14 yuan/ton at the weekend, a decrease of 0.22%, and a year-on-year decrease of 20.26% at the weekend. The market situation of maleic anhydride has slightly declined this week, with the price dropping from 7012.00 yuan/ton at the beginning of the week to 6972.00 yuan/ton at the weekend, a decrease of 0.57%. The weekend price has decreased by 3.43% year-on-year. Overall, the upstream raw material market prices have slightly declined, with insufficient cost support. Affected by the supply and demand side, it has a bearish impact on the price of tetrahydrofuran.

From the downstream market of tetrahydrofuran, the price of spandex in the market has slightly decreased this week. The price of spandex decreased from 33750.00 yuan/ton at the beginning of the week to 32950.00 yuan/ton at the weekend, a decrease of 2.37%, and the weekend price decreased by 13.00% year-on-year. Downstream spandex market prices have slightly declined, and downstream customers have been less proactive in purchasing tetrahydrofuran.

Future prospects

In mid to late November, the domestic tetrahydrofuran market may experience slight fluctuations and declines. The upstream 1,4-butanediol and maleic anhydride markets have slightly declined, with insufficient cost support. Downstream spandex market slightly declined, and downstream demand weakened. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.

Zinc prices fluctuate and consolidate this week

 
According to the Commodity Market Analysis System of the Business Society, as of November 13th, the zinc price was 21506 yuan/ton, a decrease of 0.07% compared to the zinc price of 21520 yuan/ton on November 3rd last weekend. The PMI data for October in Europe has rebounded, but it is still in a contraction range, with poor macro data. Zinc prices have fluctuated and consolidated this week.

Contraction range at PMI in Europe in October

The final comprehensive PMI of the Eurozone in October was 46.5, expected to be 46.5, and the previous value was 46.5. The initial PMI of France’s manufacturing industry in October was 42.6, with an expected 44.4; The final comprehensive PMI for France in October was 44.6, with an expected 45.3, compared to the previous value of 45.3. Spain’s comprehensive PMI50 for October is expected to be 48.7, with a previous value of 50.1. The UK’s comprehensive PMI for October was 48.7, with a previous value of 48.6. The final comprehensive PMI for Germany in October was 45.9, with an expected 45.8, compared to the previous value of 45.8. The Eurozone’s PMI in October was below 50, France’s PMI was below expectations and below 50, and Spain’s comprehensive PMI was above expectations but still below previous levels; The PMI of the UK and Germany in October was higher than previous values and expectations, while the PMI data for Europe in October rebounded, but the PMI for Europe in October is still in a contraction range. Macro data is poor, with insufficient support for the rise of the zinc market.

Future Market Forecast

According to data analysts from Business Society, zinc prices surged last week due to news of production cuts from overseas mines. However, due to fundamental constraints, European data still contracted, and the sustained rise in zinc prices lacks support. In the future, zinc prices are expected to fluctuate and consolidate.

The epoxy propane market has been operating steadily this week. According to the Commodity Market Analysis System of the Business Society, as of November 10th, the average price of epoxy propane enterprises was 9325.00 yuan/ton, which is unchanged compared to Monday’s price.

Cost side: According to the commodity market analysis system of the Business Society, the recent trend of raw material propylene market is relatively strong. On November 9th, the reference price of propylene was 7353.25, an increase of 4.29% compared to November 1st (7050.75). The price of raw material liquid chlorine increased during the week, and the cost support for the epoxy propane market is strong.

Supply and demand side: Some devices on the supply side fluctuate, and the industry’s capacity utilization rate has decreased compared to the previous period. Downstream wait-and-see just needs to follow up moderately, and the demand side performance is average. The supply and demand side has limited support for the epoxy propane market. On the 10th, the mainstream quotation in the Shandong epoxy propane market was around 9150-9200 yuan/ton.

According to epoxy propane analysts from Business Society, the current price of raw material propylene is high, and the raw material liquid chlorine is relatively strong, with significant cost support. However, factory shipments are average, and downstream companies need to follow up. The market has a strong wait-and-see atmosphere, and it is expected that in the short term, the epoxy propane market may remain stagnant and operate, and more attention should be paid to market news guidance.