1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on November 14th was 805 yuan/ton, an increase of 0.42% compared to the average price of 801 yuan/ton on November 8th.

2、 Market analysis

This week, the price of ammonium sulfate in the domestic market fluctuated narrowly and adjusted, with some regions experiencing slight price increases. The operating rate of coking enterprises remains stable, with a slight increase in the operating rate at the domestic level. This week, downstream procurement is mainly based on demand, with a wait-and-see attitude, and rare earth manufacturers are adding orders in moderation. At present, the international market situation of ammonium sulfate has not improved, and there is no short-term positive news. As of November 14th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 760 yuan/ton. Domestic grade ammonium sulfate, the mainstream factory price in Shandong region is around 810-840 yuan/ton.

3、 Future forecast

An ammonium sulfate analyst from Shengyi Society believes that the market situation for ammonium sulfate has slightly improved recently, with a slight increase in bidding prices. But the poor export market situation has a certain impact on the domestic market. It is expected that in the short term, the domestic ammonium sulfate market will mainly experience a narrow range of price consolidation and operation.

The domestic acetone market continues to operate weakly. According to the analysis system of Business Society, the national acetone market reported an average of 6017 yuan/ton on November 1st, 5875 yuan/ton on November 12th, a decrease of 2.37%, and 5675 yuan/ton on November 12th in the East China region.

The domestic acetone market continues to decline, with average replenishment sentiment from terminal factories entering the market. The overall trading atmosphere is lukewarm, and traders arrange shipments according to the market. Real time negotiations and follow-up are limited, and trading is average. Quotations continue to move towards the lower end. It is expected that the acetone market price in East China will be between 5600-5700 yuan/ton today.

The acetone offers in major mainstream markets across the country on November 12th are as follows:

Region/ Quotation/ Daily increase and decrease

East China region/ 5680./ -50

Shandong region/ 5950./ -100

Yanshan region/ 6020./ -50

South China region/ 5780./ -50

1、 Price trend

According to data monitored by Shengyi Society, as of November 12th, the average price of industrial grade high-quality cyclohexane in China this week was 7833.33 yuan/ton, which was stable compared to the same period last week. The price of cyclohexane remained stable this week, with manufacturers mainly offering discounts and taking orders, and active shipments. Downstream demand is still acceptable, and inventory is slowly being consumed. Overall, the market procurement enthusiasm is still acceptable.

2、 Market analysis

In terms of cost: This week, the pure benzene market mainly operated weakly, with insufficient market purchasing power and manufacturers lowering prices, resulting in a narrow and weak operation. Pure benzene lacked support on the cost side of cyclohexane. On November 12th, the East China pure benzene market experienced a habitual decline in negotiations, with low-end purchasing power improving and contract traders actively trading.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that the short-term cyclohexane market price is expected to remain stable with a moderate to strong trend.

Recently (11.1-11.11), the market price of Shunding rubber has been weak and declining. According to the commodity market analysis system of Shengyi Society, as of November 11th, the market price of Shunding rubber in East China was 15030 yuan/ton, a decrease of 3.53% from 15580 yuan/ton on November 1st. The price of raw material butadiene has dropped significantly, and the center of gravity of butadiene rubber has shifted downwards; Shunding rubber production has slightly increased; The downstream tire production is generally stable. Shunding rubber suppliers have lowered their supply prices, and merchants have adjusted their quotes. As of November 11th, the mainstream quotes for Shunding in Qilu, Daqing, Sichuan, and Yangtze in East China are 14850~15250 yuan/ton.

Recently, the price of butadiene has continued to decline, and the cost support for butadiene rubber has weakened. According to the Commodity Market Analysis System of Shengyi Society, as of November 11th, the price of butadiene was 10937 yuan/ton, a decrease of 11.26% from 12325 yuan/ton on November 1st.

Recently (11.1-11.11), the overall start-up rate of domestic butadiene rubber plants has slightly increased to 6.60%. Qilu Petrochemical recently restarted and Zhejiang Petrochemical stopped for maintenance, resulting in a slight increase in pressure on the supply side of butadiene rubber.

Demand side: Downstream tire production has started to narrow down, and demand is mainly supported by the rigid demand of the butadiene rubber market. As of November 7th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 60%.

Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of raw material butadiene will significantly fall, and the cost support for butadiene rubber will weaken; Shunding rubber production remains at a low level, with a slight increase in supply pressure; In the near future, downstream construction has been adjusted steadily, and there is a slight resistance to the high price supply. In general, the market of cis-1,4-polybutadiene rubber is dominated by weak shocks in the short term.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8475 yuan/ton on November 1st, and the average price was 8541 yuan/ton on November 7th, with a price increase of 0.79% during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10816 yuan/ton on November 1st, and the average price was 10733 yuan/ton on November 7th, with a price drop of 0.77% during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8475 yuan/ton on November 1st, and the average price was 8500 yuan/ton on November 7th, with a price increase of 0.29% during this period.

Starting from November, the prices of polyethylene products have fluctuated, with slight increases in linear and low-pressure product prices, and a weak trend in high-pressure product prices. Positive domestic policies have been released, and there is a positive sentiment within the market. We are exploring ways to push up prices, which has supported the polyethylene market. The supply pressure of LDPE is expected to increase, and due to the conversion of some EVA units to LDPE, the LDPE market trend is relatively weak. The reduction of domestic maintenance facilities in November and December, coupled with the gradual production of new capacity, has led to an increase in supply expectations, limiting the upward space for polyethylene. The peak season for agricultural film is coming to an end, and the increase in orders is gradually slowing down, with demand lower than the same period.

On November 7th, the polyethylene L2501 contract on the Dalian Commodity Exchange opened at 8187 yuan and closed at 8270 yuan, up 56 yuan, with a high of 8285 yuan and a low of 8138 yuan, up 0.68%. Recently, the trend of polyethylene futures has been strong, supporting the spot market.

Expected increase in supply; In November, the demand for agricultural film and pipe materials gradually weakened, while the demand for packaging film was relatively good. It is expected that polyethylene will mainly fluctuate and weaken.