Category Archives: Uncategorized

The price of ammonium sulfate is weak and declining (9.1-9.9)

1、 Price trend

 

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on September 9th was 911 yuan/ton, a decrease of 1.62% compared to the average price of 926 yuan/ton on September 1st.

 

2、 Market analysis

 

Since September, the overall price of ammonium sulfate in the domestic market has been weak and declining. The operating rate of coking enterprises remains stable, while the operating rate of internal level enterprises has decreased. Downstream demand has weakened, inquiries have decreased, and there is a resistance to high prices. The recent export market has not met expectations, coupled with the decline in urea prices, which has a negative impact on ammonium sulfate. As of September 9th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 900 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 905-935 yuan/ton.

 

3、 Future forecast

 

An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has recently experienced narrow fluctuations and consolidation. At present, the downstream purchasing intention is not strong, and the export market is flat. It is expected that the domestic ammonium sulfate market price will experience a slight consolidation in the short term.

http://www.thiourea.net

The raw material side fell, and the phthalic anhydride market fell again in early September

The phthalic anhydride market fell again in September

 

According to the Commodity Market Analysis System of Shengyi Society, as of September 6th, the price of phthalic anhydride produced by phthalic anhydride was 7462.50 yuan/ton, a decrease of 1.65% from the price of 7587.50 yuan/ton on September 1st. In September, the price of ortho xylene dropped by 200 yuan/ton, and the cost of phthalic anhydride decreased, causing a further decline in the phthalic anhydride market. In September, domestic ortho phthalic anhydride was priced at 7300-7500 yuan/ton before leaving the factory, while domestic nano phthalic anhydride was priced at 7100-7300 yuan/ton before leaving the factory.

 

Supply side: Stable supply of goods

 

The operation of domestic phthalic anhydride plants is temporarily stable, the domestic phthalic anhydride operating rate is stable, the spot supply of phthalic anhydride is sufficient, the sales situation of phthalic anhydride manufacturers is average, the price of industrial naphthalene is strongly supported, the naphthalene phthalic anhydride market has slightly decreased, the ortho benzene market has fallen, the cost has decreased, and the ortho benzene phthalic anhydride market has fallen.

 

The cost of raw material ortho benzene has further decreased

 

According to the Commodity Market Analysis System of Shengyi Society, as of September 6th, the price of ortho benzene was 7700 yuan/ton, a decrease of 200 yuan/ton or 2.53% from the end of August when the price was 7900 yuan/ton; The price of ortho benzene decreased by 9.41% from 8500 yuan/ton in early August. Since August, the price of ortho phthalic anhydride has continued to decline, and the cost of ortho phthalic anhydride has decreased. There is significant downward pressure on ortho phthalic anhydride. Industrial naphthalene manufacturers are reducing their burden, supply is tight, industrial naphthalene prices are stabilizing strongly, and there is still a willingness for the rise of naphthalene phthalic anhydride.

 

Weak demand side: DOP market trend falls again

 

According to the Commodity Market Analysis System of Shengyi Society, as of September 6th, the price of plasticizer DOP was 8501.25 yuan/ton, a decrease of 2.58% from the DOP price of 8726.25 yuan/ton on September 1st at the beginning of the month. Jinjiu’s condition is poor, terminal demand is lower than expected, downstream customers have poor enthusiasm for placing orders, plasticizer transactions are light, and plasticizer DOP prices have fallen. The demand for phthalic anhydride is weak.

 

Future forecast

 

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has fallen, and the cost of phthalic anhydride has decreased; In terms of demand, the downstream DOP market has fallen again, and the demand for phthalic anhydride is weak. It is expected that the neighboring phthalic anhydride market will weakly decline in the future.

http://www.thiourea.net

Lithium carbonate has been destocked for the first time since the end of March, but prices have not rebounded

According to the Commodity Market Analysis System of Shengyi Society, the domestic lithium carbonate market continued to operate weakly in early September. On September 4th, the average price of battery grade lithium carbonate was 80200 yuan/ton, a decrease of 11.7% from the same period last month when it was 91000 yuan/ton. The average price of industrial grade lithium carbonate is 77800 yuan/ton, a decrease of 11.99% from the same period last month when it was 88400 yuan/ton.

 

It is worth noting that the weekly inventory of lithium carbonate has experienced a long-awaited decline. The data shows that as of the week ending August 30th, the weekly inventory of lithium carbonate samples decreased by 1256 tons month on month to 131304 tons, marking the first time since the end of March that the inventory has been depleted. Although inventory has decreased to some extent, the overall situation is multifaceted, and the contradiction of inventory accumulation has not been resolved.

 

On the demand side: According to research data from the Da Dong Times Think Tank, the power and energy storage production of Chinese battery factories in September 2024 was 100.2GWh, and the production in August was 94.1GWh, an increase of 6.5% compared to the previous month. The production of consumer batteries in the Chinese market is 9.1 GWh. In September, the production of power, energy storage, and consumer batteries in the Chinese market was around 110 GWh, while in September, the production of power, energy storage, and consumer batteries in the global market was around 135 GWh.

 

Business Society’s lithium carbonate data analyst believes that although the weekly inventory of lithium carbonate has decreased, the total inventory is still at a high level, and downstream demand is expected to increase. It is expected that lithium carbonate will fluctuate weakly in the near future.

http://www.thiourea.net

Poor demand, n-butanol market continues to decline in the first week of September

According to the Commodity Market Analysis System of Shengyi Society, as of September 4, 2024, the reference price of n-butanol in Shandong Province, China is 7000 yuan/ton. Compared with August 31 (reference price of 7116 yuan/ton), the price has decreased by 116 yuan/ton, a decrease of 1.64%. Compared with August 1 (reference price of 7933 yuan/ton), the price has decreased by 933 yuan/ton, a decrease of 10.71%.

 

From the commodity market analysis system of Shengyi Society, it can be seen that in August, the overall n-butanol market in Shandong Province, China, has been declining. Entering September, the overall atmosphere of the n-butanol market has not improved significantly, and the focus of the n-butanol market continues to move towards lower levels. Some factories in Shandong have once again lowered the price of n-butanol, with a reduction of 50-150 yuan/ton. As of September 4th, the n-butanol market in Shandong is expected to be around 6950-7050 yuan/ton.

 

Analysis of Factors Influencing the Market Situation of n-Butanol

 

In terms of demand: In the first week of September, downstream demand for n-butanol performed poorly, with strong sentiment in the n-butanol market. Operators were cautious in their operations, and demand transmission was slow, resulting in insufficient overall support for n-butanol demand.

 

On the supply side: As we enter September, the overall supply of n-butanol in the market is relatively loose, and some factories are gradually starting to operate. The operating rate of n-butanol has increased. At the beginning of the month, the overall supply pressure of n-butanol has not decreased, and the support provided by the supply side to the market is weak.

 

Market price situation of n-butanol

 

Region/ Product/ September 4th

Shandong region/ N-butanol/ 6950-7050 yuan/ton nearby

North China region/ N-butanol/ Around 7000-7050 yuan/ton

South China region/ N-butanol/ Around 7300-7350 yuan/ton

East China region/ N-butanol/ Around 7100-7300 yuan/ton

Market analysis in the future

 

At present, the trading atmosphere of n-butanol in the market is average, and the negotiation atmosphere in the market is slightly weak. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong Province is mainly weak and stable, and the specific trend still needs to pay more attention to changes in supply and demand news.

http://www.thiourea.net

The domestic adipic acid market continued to decline in August

1、 Price trend

 

In August, the domestic adipic acid market continued to decline. According to the Commodity Market Analysis System of Shengyi Society, as of August 31, the monthly decline in adipic acid was 3.68%, and the market trading center is still shifting downwards. At present, the market price range for adipic acid is between 8350-9700 yuan/ton, a decrease of about 400 yuan from the beginning of the month. The main reason is the lack of cost support.

 

2、 Market analysis

 

Cost aspect:

 

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene has slightly increased this month, with a growth rate of 2.07%. Compared to July 1st, it has fallen by 7.57%, experiencing the previous downward trend. This month, the pure benzene market has begun to rebound slightly. The price of cyclohexanone closed down, with a decrease of 2.31% this month. Overall, there are negative factors on the cost side.

 

Supply side:

 

From the perspective of market supply, in terms of equipment, the operating rate of adipic acid this month is around 6.1 floors, and maintenance units are starting to operate one after another this month. There is sufficient supply of goods on site, and some manufacturers are in a state of stockpiling. The middle and lower reaches are in a wait-and-see state and cautious in entering the market.

 

Adipic acid downstream is still showing weakness. The caprolactam and TPU industries are still performing poorly. Downstream factories are cautious in their procurement, with no improvement in orders, ensuring normal start-up needs. Taking caprolactam as an example, according to the monitoring of Shengyi Society, the rise and fall of caprolactam this month was 0.55%, and the market was hovering at the bottom. At the end of the month, the market price of caprolactam in Zhejiang region was around 12500-14100 yuan/ton. At present, the focus of transactions in the adipic acid market is weakening.

 

3、 Future forecast

 

Analysts from Shengyi Society believe that in terms of cost, the overall trend of crude oil in August was mainly volatile. The geopolitical situation in the Middle East has affected the trend of the crude oil market, and the tense situation has boosted confidence in the crude oil market. The pure benzene market is rising, and the cost aspect may experience a bullish shift from bearish to bullish in the later stage. It is expected that adipic acid will fluctuate and rise within the range in September.

http://www.thiourea.net