Since September, the domestic spandex market has stopped falling and recovered slightly. According to the price monitoring of the business community, the average market price as of September 15 was 33500 yuan/ton, up 2.45% from the beginning of the month and down 58.64% year on year. The commencement of the spandex industry has slightly increased to 5.3%, and the supply of goods is sufficient.

In the upstream market, PTMEG was driven up by the focus of raw material BDO, and its own operation was maintained at a low level of 3.5%. The overall mentality support was strengthened. The market quotation of PTMEG (1800 molecular weight) was 17000-18000 yuan/ton. In addition, the pure MDI market also showed an increase. The reference price was 19200-19600 yuan/ton of telegraphic transfer barreled and self lifted. The manufacturer supported the price and the traders were reluctant to sell.

From the downstream perspective, in late August, with the relief of temperature drop and power limitation, the comprehensive operating rate of Jiangsu and Zhejiang looms rose to more than 67%, among which, 30% to 40% of the circular looms and 60% of the warp knitting looms were started. Demand side support has been enhanced. In September, the market turned from weak to strong, and the demand for staged replenishment was released, with further recovery expected.

Analysts from the business community believe that, in the short term, some spandex manufacturers still have the intention of rising, which is a good support on the cost side. However, downstream end customers hold a wait-and-see attitude towards raw material prices, and the sustainability of demand side orders needs to be verified. It is expected that in the short term, the narrow range of the polyurethane fiber market will be dominated by strong operation.

1、 Price trend

According to the bulk list data of business cooperatives, the average price of domestic liquid caprolactam market on September 5 was 11933 yuan/ton, and the average price of domestic liquid caprolactam market on September 13 was 12316 yuan/ton. Caprolactam prices rose 3.21% this week.

2、 Market analysis

Caprolactam market prices rose this week. The price of raw material pure benzene rebounded and rose, while the cost of caprolactam was well supported. The operating rate of downstream PA6 was improved, and raw materials were purchased on demand, focusing on prudent operation. Some caprolactam enterprises shut down for maintenance, and the on-site supply decreased. As of September 13, the price of Sinopec caprolactam liquid was 12900 yuan/ton, which was withdrawn by acceptance. The price of Baling Hengyi caprolactam liquid is 12900 yuan/ton, and the 300000 ton/year unit is normally started, and the acceptance is self raised. The price of caprolactam liquid of Baling Petrochemical is 12900 yuan/ton, and the 450000 ton/year unit is normally started, and the acceptance is self raised.

This week, due to the strong trend of styrene and the support of the downstream pre festival replenishment atmosphere, the pure benzene market improved and the price rebounded. However, due to the decline of crude oil in the later period and the end of downstream replenishment, the market for pure benzene became weak and the price fell slightly. This week, the port inventory of pure benzene in East China increased by 5000 tons to 64600 tons compared with last week, and the port inventory continued to accumulate. This week, the price of Sinopec pure benzene increased by 150 yuan/ton to 7750 yuan/ton.

3、 Future market forecast

Caprolactam analysts from the business community believe that the spot market price of caprolactam continues to rise in the near future. The market of raw material pure benzene is strong, and the cost side is favorable. The supply of some caprolactam enterprises has been reduced due to equipment maintenance or planned maintenance. Downstream demand is also gradually increasing. Under multiple favorable factors, caprolactam market price is expected to continue to rise in the short term.

Recent price trend of sulfuric acid

It can be seen from the above figure that the domestic sulfuric acid market price fell slightly this week. The sulfuric acid price fell from 244.00 yuan / ton at the end of last week to 238.00 yuan / ton at the end of this week, a decrease of 2.46%, a year-on-year decrease of 70.06%. On September 12, the sulfuric acid commodity index was 37.04, unchanged from yesterday, 80.31% lower than the cycle’s highest point of 188.07 (2022-04-13), and 17.51% higher than the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

The upstream market fell slightly, and the downstream purchasing enthusiasm weakened

From the manufacturer’s quotation, the price of domestic sulfuric acid mainstream manufacturers fell slightly this week, the manufacturer’s inventory was general, and the downstream demand weakened.

From the perspective of the upstream and downstream industrial chains, the upstream sulfur market fell slightly. The sulfur price fell by 3.15% from 1163.33 yuan / ton at the end of last week to 1126.67 yuan / ton at the end of this week, down 42.22% year-on-year compared with the same period last year. The upstream market fell slightly, and the cost support was general. The downstream hydrofluoric acid market was consolidated at a low level, and the market price was 10540.00 yuan/ton, down 2.86% year on year compared with the same period last year. The downstream titanium dioxide market fell slightly. The market price fell from 17500.00 yuan / ton at the end of last week to 16350.00 yuan / ton at the end of this week, a decrease of 6.57%, a year-on-year decrease of 22.39% compared with the same period of last year. The downstream market fell slightly, and the downstream purchasing enthusiasm weakened.

The market fell slightly in the afternoon

In the middle of September, the domestic sulphuric acid market fell mainly due to slight fluctuations. The upstream sulfur market has declined slightly recently, with average cost support. The market prices of downstream hydrofluoric acid, titanium dioxide and ammonium sulfate declined slightly, the enthusiasm of downstream customers for purchasing sulfuric acid weakened, and the product trend declined under the contradiction between supply and demand. According to the sulfuric acid analysts of the business community, the short-term domestic sulfuric acid market price may fall slightly due to the impact of supply and demand, raw materials and other aspects.

According to the monitoring data of the business agency, since the end of August, the terminal rigid demand has increased, and the market of hydrogen peroxide has kept rising, with a weekly increase of more than 3%. As of September 5, the average market price of hydrogen peroxide was 926 yuan / ton, up 3.35% from August 26.

The terminal demand increases, and the market of hydrogen peroxide keeps rising

Since the end of August, the terminal printing paper industry has ushered in the traditional consumption peak season, the rigid demand of hydrogen peroxide terminal has increased, the market has improved, and the price has been rising. The average price of hydrogen peroxide in the domestic market exceeded 900 yuan / ton, an increase of about 50 yuan / ton compared with the end of August. The terminal demand increased, the transaction of hydrogen peroxide market was active, and the delivery of goods was fast.

Li Bing, hydrogen peroxide analyst of business club, believes that the terminal industry has entered the peak season of traditional consumption, and the use of hydrogen peroxide has increased. It is still expected that the price of hydrogen peroxide will rise in the future.

At the beginning of September, the domestic dimethyl ether market price continued to rise, and the Henan market continued to rise, with an obvious range. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3990.00 yuan / ton on August 29 and 4160 yuan / ton on September 5, with an increase of 4.26% in the week and 17.43% compared with the same period last year.

As of September 5, the market prices of dimethyl ether in various regions in China are as follows:

Region, mainstream quotation

Jiangxi Province, 4350 yuan / ton

Hebei, 4490 yuan / ton

Henan, 4100-4160 yuan / ton

This week, the domestic dimethyl ether Market was obviously positive, and the price was strong and adjusted upward. Recently, due to the impact of social and public health events, the road transportation in some areas was blocked, some manufacturers stopped their devices, and the market supply continued to decrease. The mentality of manufacturers was boosted by this, and prices continued to rise. In addition, during the week, the market price of raw material methanol increased mainly, and the market price of related products and civil gas also rose, which brought certain benefits. The downstream is supplemented on demand, and the market trading atmosphere is mild.

On September 5, the prices of enterprises in southern Shandong were concentrated around 2630-2650 yuan / ton, and the local prices in Linyi were around 2700 yuan / ton. The ex factory quotation of enterprises in central and eastern Shandong is around 2680-2700 yuan / ton. The methanol market in the two lakes region is rising, and the mainstream negotiation of some enterprises in Hubei Province is about 2505-2600 yuan / ton; Some traders in Hunan offer about 2700-2710 yuan / ton.

At present, the raw material methanol market is mainly rising, which brings certain support in terms of cost. As of September 1, the international crude oil futures continued to fall sharply for three trading days, and the civil market of liquefied gas, a related product, continued to rise weakly and the price weakened slightly. However, the support brought by the low supply in Henan market is obvious, and the manufacturers’ mentality is relatively strong. It is expected that the dimethyl ether market will be strong.

1、 Price trend

2、 Market analysis

According to the data of the business agency, the domestic potassium sulfate market fell this week, and the spot prices of various brands were reduced. As of September 2, the average price of 50 particle samples of domestic potassium sulfate was 4766.67 yuan / ton, up or down by – 2.72% compared with the average price at the beginning of the week.

Recently, the momentum of the domestic potash fertilizer market has continued to decline, and the operating rate of potassium sulfate Mannheim type enterprises has continued to be low. In the early stage, some enterprises increased their load by producing autumn compound fertilizer, but recently the operating rate of the industry has dropped to nearly 20%. Although the supply of potassium sulfate enterprises is low, the on-site supply is abundant, and it is difficult for the supply side to support the spot market. The downstream consumption was poor, and the flow of compound fertilizer sources was slow in the third quarter, especially in the north. In addition, export sales were affected to a certain extent by the export policy before, which formed various pressures on the on-site supply. The upstream potassium chloride continued to weaken. Border trade and port cargo volume continued to rise, imported and domestic goods filled domestic inventory at the same time, downstream enterprises such as potassium carbonate and potassium nitrate purchased generally, and competition in the field was strengthened. Some businesses lost money and dumped goods in the field, and the price had fallen below the cost price. Potassium chloride has poor support for processing potassium sulfate enterprises. The quotation of potassium sulfate in the market continued to fall, the profit situation of merchants was poor, the quotations in many regions were upside down, and the news of new orders was scarce.

3、 Future forecast

Analysts of potassium sulfate of business club believe that: this week, the market of domestic potassium sulfate continues to decline, and the market of potassium chloride falls. The cost support of domestic potassium sulfate is weakened, the supply side is general, but the follow-up situation on the demand side is poor, and the export sales are reduced, and the on-site shipment is not smooth. It is expected that the domestic potassium sulfate price will continue to weaken in the short term due to poor demand.

In August, the domestic polysilicon market continued to rise. According to the monitoring of business agency, the monthly increase of polysilicon is 4.24%. The main reasons for the rise of silicon materials are the shutdown of some units, the decrease of supply, and the increase of transportation costs under the influence of the epidemic. At the end of the month, the price range of single crystal compact materials was 295000-308000 yuan / ton.

In terms of supply, the supply of silicon material enterprises in this month has significantly contracted compared with that in July. The operating rate of domestic silicon material manufacturers is significantly lower than that of last month. There are 12 domestic polysilicon production enterprises. In the whole August, about 5 domestic silicon material manufacturers have entered the maintenance period or temporarily shut down. At the same time, due to power limitation, the production load of 2 manufacturers in Sichuan has been reduced to the lowest, and the supply shortage has been aggravated, resulting in obvious loss of output. Moreover, the increase brought by the expansion of production of manufacturers in Baotou and silicon industry in Asia is not enough to make up for the loss of output. Although the units of some manufacturers began to resume operation at the end of the month, it still takes two weeks to reach the expected level. Generally speaking, the domestic silicon material output decreased in August. The tight supply pattern is still the main driver of the upward trend of silicon materials.

This month, the rhythm of signing orders at the downstream slowed down slightly. On the one hand, due to the high cost of silicon materials, the downstream profits were squeezed, and the procurement tended to slow down. On the other hand, the local power limitation led to the low operating rate of silicon wafers, which to a certain extent restrained the rising pace of silicon materials. Up to now, most of the orders in September have been signed, and some scattered orders have flowed out, but the price has stabilized.

In terms of intermediate products, the prices of large silicon wafer manufacturers remained at the level of July in August. At present, the price of silicon wafers has reached an unprecedented high, which has formed a strong support for the silicon material and put a great pressure on the downstream battery cells and components. As of August 30, the silicon wafer has remained stable, and the transaction price of M6 mainstream has stabilized at about 6.33 yuan / piece; The mainstream transaction price of M10 is maintained at about 7.54 yuan / piece, and the mainstream transaction price of G12 silicon is about 9.93 yuan / piece.

Battery cells and components: the price of battery cells also increased in this month. The high temperature continued in August, and the power limit time was extended. Many battery cell production units in Sichuan were shut down for maintenance, and the market supply decreased significantly. The price of battery cells of some enterprises tentatively increased. However, due to the profit squeeze of downstream components and the slowdown of procurement, the price of battery cells and the purchasing end of components formed a game. Orders may be negotiated or increased in September, but the increase may be suppressed by demand.

In the future market forecast, the polysilicon analysts of the business community believe that the photovoltaic industry chain as a whole shows a sluggish cost transmission, and the high cost of silicon materials brings more and more heavy pressure to the downstream. In particular, the profit of terminal components is obviously squeezed, the operating rate of components is lower, and the upstream and downstream games are more obvious. Recently, the general office of the Ministry of industry and information technology, the general office of the State Administration of market supervision and the comprehensive Department of the National Energy Administration issued a notice to severely crack down on price gouging in the photovoltaic industry, with a view to promoting the coordinated development of the photovoltaic industry chain and supply chain. In the later period, silicon materials may rise or face pressure from the policy side. With the resumption of three enterprises at the end of the month and the stabilization of production expansion devices, the supply pressure will be relieved. Therefore, silicon materials may stop rising and stabilize, and it is not ruled out that the price may fall.

1、 Price trend

According to the monitoring data of business agency, on August 31, the average price of refrigerant R22 was 17500.00 yuan / ton, up 2.94% from the price of 17000.00 yuan / ton at the beginning of the month, down 10.26% from the same period last year

According to the monitoring data of business agency, on August 31, the average price of refrigerant R134a was 24333.33 yuan / ton, up 8.15% from the price of 22500.00 yuan / ton at the beginning of the month, up 8.96% from the same period last year.

2、 Market analysis

In August, the overall operation of refrigerant R22 was relatively strong, and the quoted prices of enterprises continued to rise. The price of raw material chloroform rose by 4.63% in the whole month, while hydrofluoric acid fell by 0.09% in the whole month. The raw material cost rebounded slightly. Supported by cost and demand, the price of R22 continued to rise.

In August, the price of upstream raw material hydrofluoric acid was generally weak and stable, and the price of trichloroethylene increased by nearly 10% in the whole month. In addition, summer is the peak season of traditional demand for refrigerants, and the price of domestic refrigerant R134a continued to rise in August under the support of cost recovery and constant demand.

In terms of raw materials, the domestic hydrofluoric acid price in August recovered slightly after the overall weakness stabilized. The small rise in the cost of upstream raw materials will support the price of R134a in the future.

3、 Future forecast

According to the refrigerant analyst of business news agency, the cost of raw materials is rising as a whole. In August, some domestic enterprises shut down for maintenance, resulting in the overall low inventory of enterprises. The overall downstream demand remains unchanged. Under the support of cost and demand, it is expected that the domestic R22 and R134a prices will continue to operate strongly in September.