According to the Commodity Market Analysis System of the Business Society, the price trend of acetic acid in July first rose and then fell. At the beginning of the month, the average price of acetic acid was 2883.33 yuan/ton, and at the end of the month, the price was 3100.00 yuan/ton. The overall increase during the month was 7.51%, and the price decreased by 11.74% year-on-year.

During the month, the acetic acid market was initially strong and then weak, with prices continuing to rise in the first half of the month. Affected by the maintenance and production reduction of acetic acid plants, market supply decreased, and manufacturers had no pressure on inventory. The quotation for acetic acid continued to rise; In the latter half of the year, the maintenance equipment resumed, and the supply of goods increased. At the same time, the downstream main equipment was shut down, resulting in low capacity utilization, resulting in insufficient downstream demand. Acetic acid companies were unable to ship smoothly, and the business owners were pessimistic. In order to promote the downward shift of the focus of shipping acetic acid transactions, due to the large increase in the early stage, the overall price at the end of the month increased compared to the beginning of the month.

The raw material methanol market fluctuated and rose, with an average domestic market price of 2281.67 yuan/ton at the end of the month, an overall increase of 4.66% compared to the price of 2180.00 yuan/ton on July 1st. The price of raw coal fluctuates and rises, with positive cost support; The recovery of excess methanol units on the supply side has reduced production, resulting in an increase in capacity utilization, which has a negative impact; On the demand side, the increase in demand due to negative downstream devices has a positive impact on methanol. In a multi-party game, methanol prices fluctuate and operate.

The downstream acetic anhydride market improved in July, with a price of 5087.50 yuan/ton at the end of the month, an increase of 1.75% compared to the price of 5000.00 yuan/ton at the beginning of the month. The price of raw material acetic acid has increased, and the cost support for acetic anhydride is positive. Some acetic anhydride enterprises have shut down or reduced production within the month, resulting in a decrease in market supply and an increase in acetic anhydride prices. In the latter half of the month, on-site acetic anhydride enterprises have resumed operations, but downstream demand has not followed up enough. In order to promote the reduction of shipping prices, the acetic anhydride market has been weakened and lowered.

Analysts from the Business Society believe that the operation of acetic acid enterprises is stable, with sufficient market supply, low demand side capacity utilization, slow shipment of acetic acid manufacturers, weak downstream support, and a lack of effective market benefits. In the event of oversupply, it is expected that the acetic acid market will operate weakly in the future, with specific attention paid to changes in supplier equipment.

According to the analysis system of the commodity market of the Business Society, as of July 27th, the price of PET water bottles has been stable, with an average price of 7240.00 yuan/ton, a decrease of 0.69% compared to the same period last week. The market supply and demand are balanced, and the mainstream price is currently around 7200 yuan/ton.

This week, the domestic PET price remained stable and weak, with a narrow range compared to the same period last week. Currently, the focus of negotiations is stable and the mainstream price is around 7200 yuan/ton. Downstream restocking is on demand, and the negotiation atmosphere is average. Manufacturers mainly offer discounts and take orders, while upstream cost support is average, and stable operation is the main trend.

Rubber and Plastic Commodity Index: On July 26, the rubber and plastic index was 657 points, an increase of 1 point compared to yesterday, a decrease of 38.02% from the highest point of 1060 points (2012-03-14) in the cycle, and an increase of 24.43% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

PET analysts from Business Society believe that the PET market is expected to operate in a narrow and weak range in the short term, with prices remaining around 7200 yuan/ton.

According to monitoring data from Business Society, as of July 26, 2023, the domestic market price of organic silicon DMC was referenced at 13060 yuan/ton. Compared with July 21 (organic silicon DMC reference 13400 yuan/ton), the price was reduced by 240 yuan/ton, a decrease of 2.54%.

From the data monitoring chart of the Business Society, it can be seen that this week (7.21-7.26), the domestic organic silicon DMC market as a whole was in a weak decline. At the beginning of the week, Shandong large factory took the lead in reducing the price of organic silicon DMC by 200 yuan/ton. The low end price of organic silicon DMC dropped below the 13000 yuan/ton mark, with a reference to around 12800 yuan/ton. Subsequently, Toulong large factory also lowered the price of organic silicon DMC by around 300 yuan/ton. Due to limited downstream demand, it is approaching the end of the month, Organic silicon DMC factories and suppliers have a strong willingness to ship. In order to compete for new orders, the overall negotiation atmosphere in the organic silicon DMC market has declined. As of July 26th, the domestic organic silicon DMC market price is referenced around 12800-13500 yuan/ton, and the price will be reduced by about 200-400 yuan/ton within the week.

Prediction of the Future Trend of Organic Silicon DMC Market

At present, the trading atmosphere of organic silicon DMC on the market is still good, and downstream inquiries have a mild temperature. New orders are mainly negotiated. The organic silicon DMC data analyst of Business Society believes that in the short term, the domestic organic silicon DMC market will mostly be stable with small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.

Recent price trends of isooctanol

According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong Province has slightly increased this week. This week, the average price of isooctanol in the mainstream market in Shandong region increased from 9583.33 yuan/ton at the beginning of the week to 9683.33 yuan/ton at the weekend, an increase of 1.04%. Weekend prices increased by 11.73% year-on-year. On July 24th, the isooctanol commodity index was 72.55, an increase of 1.35 points from yesterday, a decrease of 47.24% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 106.40% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Upstream support is average, while downstream demand increases

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have slightly increased this week, with average inventory levels.

From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 6608.25 yuan/ton at the beginning of the week to 6550.75 yuan/ton at the end of the week, a decrease of 0.87%. Weekend prices fell by 10.76% year-on-year. The upstream raw material market prices have slightly declined, and cost support has weakened. Affected by the supply and demand side, it has a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the DOP market price has slightly increased this week. The price of DOP increased from 9891.67 yuan/ton at the beginning of the week to 10150.83 yuan/ton at the weekend, an increase of 2.62%. Weekend prices increased by 10.67% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively increasing their purchases of isooctanol.

Future prospects

In late July, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market slightly declined, with average cost support. The downstream DOP market has slightly increased, and downstream demand has increased. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.

O-Xylene price rises this week

According to the commodity market analysis system of the business community, as of July 24, the price of O-Xylene was 8300 yuan/ton, up 2.47% from the price of O-Xylene of 8100 yuan/ton on July 16 last weekend. The price of mixed xylene rose, the downstream market of phthalic anhydride rose in a volatile manner, the upstream and downstream markets of ortho benzene rose together, the market of ortho benzene industry chain recovered, and the price of O-Xylene rose this week.

The market for raw material mixed xylene rose this week

According to the market analysis system of mixed xylene products in the Business Society, as of July 24th, the price of mixed xylene was 7720 yuan/ton, an increase of 20 yuan/ton or 0.26% compared to the 7700 yuan/ton price of mixed xylene on July 16th last weekend; The price of mixed xylene increased by 5.18% to 7340 yuan/ton compared to July 1st at the beginning of the month. Crude oil prices rose in shock, Naphtha and mixed xylene prices rose, raw material costs rose, and O-Xylene market gained momentum.

Downstream phthalic anhydride market fluctuates and rises

According to the analysis system of the market for phthalic anhydride products in the Business Society, as of July 24th, the quotation for ortho phthalic anhydride was 8050 yuan/ton, an increase of 3.87% compared to the 7750 yuan/ton price of phthalic anhydride on July 16th last weekend; The price of phthalic anhydride increased by 4.55% compared to 7700 yuan/ton on July 1st at the beginning of the month. The phthalic anhydride plant was stopped for a short time, and the phthalic anhydride market was strong. This week, the price of phthalic anhydride rose in shock, and the downstream demand of ortho xylene was temporarily stable. The upward momentum of O-Xylene market remained.

Future prospects

Analysts of O-Xylene data from the business agency believe that the price of Naphtha and mixed xylene will rise and the cost of raw materials for o-xylene will rise due to the rise of crude oil; The phthalic anhydride unit stopped for a short time, the price of phthalic anhydride rose in shock, and the support for the rise of O-Xylene increased. In the future, the price of raw materials mixed with xylene has increased, while the cost of ortho benzene has increased; The price of phthalic anhydride fluctuates and increases, with average downstream demand for ortho benzene and stable demand for cost increases. It is expected that ortho benzene prices will stabilize in the future.

The price of plasticizer DBP fluctuated and increased in July

According to the Commodity Market Analysis System of the Business Society, as of July 21, the DBP price was 9113.75 yuan/ton, an increase of 3.71% compared to the price of 8787.50 yuan/ton on July 1. Crude oil prices fluctuate and rise, raw materials such as butanol and phthalic anhydride prices fluctuate and rise, plasticizer DBP costs rise, PVC prices rebound and rise, plasticizer demand rebounds, and plasticizer DBP prices fluctuate and rise in July.

The price of isooctanol fluctuated and rose in July

According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on July 21st was 9666.67 yuan/ton, an increase of 3.39% compared to July 1st at 9350 yuan/ton. The supply of isooctanol is tight, and downstream demand is slowly recovering. In July, the price of isooctanol fluctuated and increased, the cost of plasticizer products increased, and the price of plasticizer DBP fluctuated and increased.

The price of n-butanol fluctuated and rose in July

According to the Commodity Market Analysis System of the Business Society, as of July 21, the price of n-butanol was 7483.33 yuan/ton, an increase of 2.28% compared to the price of n-butanol on July 1, which was 7316.67 yuan/ton. The supply of n-butanol has increased, while downstream demand news is flat. Downstream enterprises have average purchasing enthusiasm. In July, the price of n-butanol fluctuated and increased, and the demand for n-butanol has stabilized. The cost of plasticizers has increased, and the price of plasticizer DBP has fluctuated and increased in the future.

PVC prices fluctuated and rose in July

According to the PVC product market analysis system of the Business Society, as of July 21, the PVC quotation was 5698.33 yuan/ton, an increase of 3.51% compared to the PVC price of 5505 yuan/ton on July 1. Crude oil prices have fluctuated and increased, PVC costs have increased, and PVC prices have fluctuated and increased in July; The extension of the two policies in the “16 Financial Regulations” helps to promote the completion and delivery of real estate projects. While ensuring the delivery of buildings, it also helps to repair market demand expectations. PVC demand expectations have increased, downstream demand has rebounded, plasticizer costs have increased, and the upward momentum of plasticizer DBP has increased.

Future expectations

Analysts from Business Society’s plasticizer product data believe that the price of crude oil has increased, and the supply of butanol and octanol is tight. In July, the prices of isooctanol and n-butanol fluctuated and increased, while the prices of ortho benzene and phthalic anhydride have increased. The cost of plasticizer DBP products has increased, and the driving force for DBP growth has increased; The economic recovery is accelerating, and the market demand for the repair of bonded buildings is expected to increase. The demand for PVC is expected to increase, while the demand for plasticizers is increasing. In the future, DBP costs will rise, demand will rise, and it is expected that DBP prices will fluctuate and rise in the future.

Market analysis for this week

According to the monitoring of Business Society, as of the 17th, the average price of magnesium ingots in the domestic market was 21066.67 yuan/ton, with a weekly increase of 1.12%. This week, the magnesium ingot market was operating steadily with a stronger trend. At the beginning of the week, the market was relatively stable. Starting from Tuesday, some downstream users followed up on procurement, and transactions improved. Magnesium factories adjusted their prices accordingly, and by Friday, the mainstream prices remained stable at 20900-21100 yuan/ton.

In terms of supply and demand

In terms of factories, some magnesium factories are still in the shutdown stage and undergoing summer maintenance. There is not much pressure on shipments and there is a strong mentality of price support. In terms of demand, the downstream procurement situation has improved this week, with an increase in inbound procurement and an increase in order volume. The price of magnesium ingots has slightly increased.

In terms of raw materials

The price of orchid charcoal is temporarily stable, and the manufacturer’s shipment is stable, with no price adjustment for the time being. The prices of medium and small materials, as well as coke surface, are basically stable. The price of coal has slightly increased. The price of ferrosilicon fluctuates weakly in the short term, with a mainstream quotation of 6774.29 yuan/ton in Ningxia. The market transaction situation has not significantly improved, and it is expected that the price of ferrosilicon will fluctuate weakly in the short term.

Future Market Forecast

Overall, due to the lack of sustained order support for magnesium ingots, the momentum for magnesium prices to continue to rise is not strong. However, the current operating rate of magnesium plants has decreased, and there has been little recent shipping pressure, leading to increased sentiment of price support and reluctance to sell. It is expected that the short-term price of magnesium ingots will continue to operate steadily.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 750 yuan/ton on July 7th, and 850 yuan/ton on July 14th. This week, the market price of ammonium sulfate increased by 13.32%.

2、 Market analysis

The domestic ammonium sulfate market continued to improve this week, with prices rising significantly. The operating rate of enterprises has not changed much. Due to the recent continuous increase in urea prices, which is beneficial for the ammonium sulfate market, the domestic ammonium sulfate market continues to soar. The market for coking grade ammonium sulfate has significantly increased, and domestic grade ammonium sulfate has followed the trend. However, downstream replenishment demand needs to be followed up, and the upward trend slows down after the price rises. Downstream procurement is mainly based on demand, and market transactions are relatively low. Manufacturers and distributors are mainly on the sidelines, but the market is hindered from continuing to rise in the future. As of July 14th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 850 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 830-890 yuan/ton.

3、 Future Market Forecast

Analysts from the Business Society believe that although the domestic ammonium sulfate market price has significantly increased, domestic and international demand is still weak. Downstream replenishment on demand, limited market trading. It is expected that the high and narrow range consolidation of the ammonium sulfate market will operate in the short term.

In the first half of 2023, the domestic industrial grade 85% formic acid market first rose and then stabilized. According to the Commodity Market Analysis System of the Business Society, as of January 1, 2023, the average price quoted by domestic industrial grade 85% formic acid enterprises was 3000.00 yuan/ton. As of June 30, the average price of formic acid was 3875.00 yuan/ton, with a market increase of 29.17% within six months.

The overall trend of formic acid in the first half of 2023 can be divided into two stages:

Rising stage (January March): The transaction price of formic acid in the market was around 3000.00 yuan/ton in January. Before the Spring Festival, the supply side started construction at a high level, and inventory was under pressure. Downstream stocking enthusiasm was not good, and some enterprises reduced prices to go to the warehouse. After the Spring Festival, mainstream enterprises experienced plant shutdowns and a decline in operating rates. In addition, the increase in raw material prices has strengthened cost support, and downstream demand is still acceptable. The mindset of the industry is improving, and the cost and supply side support for formic acid prices have increased in February. In March, the cost support was acceptable, with the market mainly digesting inventory and slightly increasing demand. In the latter half of the year, the supply side contracted and prices rose again, resulting in orderly market transactions.

Stable stage (April June): The formic acid market remained stable at a high level in April, while downstream industries such as pharmaceuticals, rubber, leather, and pesticides bought as needed in May. The overall market trading remained unchanged, and merchants shipped according to market conditions. In June, the formic acid market continued to remain stable, with mainstream prices maintained at around 3900 yuan/ton.

Upstream product: Upstream sulfuric acid. According to the Commodity Market Analysis System of Business Society, the reference price for sulfuric acid was 192.00 on June 30th, a decrease of 33.02% compared to January 1st (286.67); Upstream methanol, according to the Commodity Market Analysis System of Business Society, the reference price for methanol on June 30th was 2180.00, a decrease of 19.21% compared to January 1st (2698.33).

Entering July, the stable operation of the formic acid market is the main focus, and there is currently some support in the cost aspect. Market inquiries and transactions are just needed. According to formic acid analysts from Business Society, it is expected that the domestic industrial grade 85% formic acid market will operate steadily in the short term, and more attention should be paid to market news guidance.

The price of plasticizer DOTP fluctuated and rose in July

According to the Commodity Market Analysis System of the Business Society, as of July 11th, the price of DOTP was 9890 yuan/ton, an increase of 1.44% compared to the price of 9750 yuan/ton on July 1st. The prices of raw materials such as isooctanol and PTA have increased, resulting in rising costs. In July, the price of plasticizer DOTP fluctuated and increased.

The price of isooctanol fluctuated and rose in July

According to the Commodity Market Analysis System of Business Society, the price of isooctanol was 9600 yuan/ton on July 11th, an increase of 2.67% compared to 9350 yuan/ton on July 1st. In July, the price of isooctanol fluctuated and increased, the cost of plasticizer products increased, and the price of plasticizer DOTP fluctuated and increased.

PTA prices fluctuated and rose in July

According to the Commodity Market Analysis System of the Business Society, the PTA price on July 11th was 5745.82 yuan/ton, an increase of 2.60% compared to the PTA price of 5600 yuan/ton on July 1st. In July, PTA prices fluctuated and increased, the cost of plasticizer products increased, and the price of plasticizer DOTP fluctuated and increased.

Future expectations

Analysts from Business Society’s plasticizer product data believe that in July, the price of isooctanol fluctuated and increased, PTA prices fluctuated and increased, and the cost of plasticizer DOTP increased. Overall, the prices of isooctanol and PTA have increased, the raw material costs of plasticizer DOTP have increased, and the demand for plasticizers is weak. It is expected that the prices of plasticizer DOTP will fluctuate and rise in the future.