The price of ortho xylene dropped again this week

According to the Commodity Market Analysis System of the Business Society, as of November 15th, the price of ortho xylene was 7800 yuan/ton, a decrease of 200 yuan/ton or 2.50% compared to the price of ortho xylene of 8000 yuan/ton on November 5th last week. The price of mixed xylene slightly decreased, while the cost of ortho xylene continued to decline; Downstream demand remains weak, and the price of ortho xylene has fallen again this week.

Raw material mixed with xylene fluctuates and falls

According to the market analysis system of mixed xylene products in the Business Society, as of November 15th, the price of mixed xylene was 7140 yuan/ton, a fluctuating decrease of 2.86% compared to the price of mixed xylene of 7350 yuan/ton on November 7th last week. Crude oil prices have fluctuated and fallen, while mixed xylene prices have fluctuated and fallen. The cost of raw materials for ortho xylene has decreased, and the downward pressure on ortho xylene prices has increased.

Downstream phthalic anhydride market continues to decline

According to the market analysis system for phthalic anhydride products in the Business Society, as of November 15th, the quotation for neighboring phthalic anhydride was 7487.50 yuan/ton, a decrease of 1.64% compared to the 7612.50 yuan/ton price of phthalic anhydride on November 7th last week. The operating rate of domestic phthalic anhydride remains at 60%, and the supply of phthalic anhydride is sufficient. The price of phthalic anhydride continues to decline, while the demand for ortho phthalic anhydride remains weak. The market for ortho phthalic anhydride is bearish, and the price of phthalic anhydride has declined.

Future prospects

Analysts from Business Society’s adjacent xylene data believe that the price of mixed xylene has fluctuated and fallen this week, resulting in a decrease in the cost of adjacent xylene; The price of phthalic anhydride continues to decline, the market for phthalic anhydride continues to decline, and downstream demand for ortho benzene remains weak, resulting in a decline in ortho benzene prices. In the future, crude oil prices have rebounded and adjusted, and there is insufficient room for the decline of mixed xylene. The profit of ortho benzene is approaching zero, and there is limited room for the decline of ortho benzene prices. It is expected that ortho benzene prices will fluctuate and stabilize in the future.

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market price of neopentyl glycol has slightly decreased this week. This week, the average price of the mainstream domestic market for neopentyl glycol dropped from 10525.00 yuan/ton at the beginning of the week to 10375.00 yuan/ton at the weekend, a decrease of 1.43%, and the weekend price increased by 7.33% year-on-year. On November 13th, the new pentanediol commodity index was 49.76, a decrease of 0.24 points from yesterday, a decrease of 51.97% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 15.59% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

This week, the mainstream market price of neopentyl glycol slightly decreased.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has significantly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 7800.00 yuan/ton at the beginning of the week to 7500.00 yuan/ton at the weekend, a decrease of 3.85%, and the weekend price increased by 15.38% year-on-year. The upstream raw material market prices have significantly decreased, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of neopentyl glycol.

3、 Future prospects

In mid to late November, the trend of the new pentanediol market may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market has significantly declined, with insufficient cost support. The downstream paint market is average, and the enthusiasm for downstream procurement is average. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.

From November 3 to November 10, 2023, the antimony ingot market in East China remained stable for the time being, with prices remaining unchanged at 82500 yuan/ton over the weekend.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the above figure, it can be seen that the recent trend of the antimony ingot market has been relatively stable.

This week, the price of European strategic small metal antimony remained stable, with a price of $11550/ton as of November 10th. It remained stable during the cycle and the market atmosphere was somewhat wait-and-see, with limited impact on market sentiment.

The antimony ingot market has remained temporarily stable for 6 consecutive weeks, with limited changes in market supply and demand, and overall weak market atmosphere. In terms of supply, the mining end is still in a tight supply situation, and manufacturers still have a reluctance to sell. In terms of demand, the recent performance of the antimony oxide market has slightly improved, but the overall impact on the market is still limited. Overall, the antimony ingot market is still weak in both supply and demand. Without clear news, the spot market will remain temporarily stable in the short term.

This week, the antimony oxide market remained temporarily stable, with a strong wait-and-see sentiment. Overseas sales performance was average, and market expectations remained weak. Antimony oxide enterprises maintained a demand for antimony ingots, and demand support remained.

The non-ferrous index stood at 1110 points on November 12, unchanged from yesterday, a decrease of 27.83% from the cycle’s highest point of 1538 points (2021-10-18), and an increase of 82.87% from the lowest point of 607 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were three commodities in the non-ferrous sector that rose month on month in the 45th week of 2023 (11.6-11.10) commodity price rise and fall list, with tin (1.49%), zinc (0.65%), and magnesium (0.16%) ranking among the top three commodities. There are a total of 16 products that have decreased compared to the previous month, with the top 3 products falling respectively being dysprosium oxide (-2.47%), dysprosium iron alloy (-1.92%), and praseodymium oxide (-1.90%). This week’s average increase or decrease was -0.79%.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on November 6th was 12887 yuan/ton, and on November 10th, the average market price of domestic liquid caprolactam was 12887 yuan/ton. Caprolactam prices remained stable this week.

2、 Market analysis

The caprolactam market has remained stable this week. The price of raw material pure benzene has been lowered, and cost support has weakened. Some enterprises are undergoing parking and maintenance, resulting in a decrease in local market supply. Downstream procurement is on demand, and the demand side is relatively stable. As of November 10th, Sinopec’s high-end caprolactam has settled at 13350 yuan/ton this week. It is a liquid premium product and will be accepted and self picked up in June.

The price of raw material pure benzene has slightly decreased this week. On November 6th, the price of pure benzene was 7903 yuan/ton, and on November 10th, the price of pure benzene was 7800 yuan/ton, a decrease of 1.51% compared to last week. This week, the price of Sinopec pure benzene was at 7750 yuan/ton (prices in Shandong and Hebei regions decreased by 300 yuan/ton simultaneously).

Downstream PA6 prices fell this week. As of November 10th, the reference average price of domestic PA6 is 14350 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam analysts believe that the market for caprolactam has been weakening recently. The price of raw material pure benzene has decreased, and cost support is insufficient. The market supply and demand game holds a bearish attitude in the industry. It is expected that the price of caprolactam will be weak in the short term, and the consolidation operation will be carried out.

According to the Commodity Market Analysis System of the Business Society, at the beginning of the week, the average ex factory tax price of Shanxi’s light potassium carbonate was 7440.00 yuan/ton. On the weekend, the average ex factory tax price of Shanxi’s light potassium carbonate was 7500.00 yuan/ton, an increase of 0.81%. The current price has decreased by 0.66% month on month, and the current price has decreased by 18.14% year-on-year.

Potassium carbonate

The price of potassium carbonate has increased this week. From the above chart, it can be seen that the potassium carbonate market has fluctuated slightly in the past two months, with a slight upward trend this week. Recently, the domestic potassium chloride market has been on the rise, with reasonable cost support. Downstream procurement remains in high demand, and manufacturers ship according to orders. The market has slightly increased. According to statistics from Business Society, the mainstream factory quotation range for industrial grade potassium carbonate in China this week is around 7300-7700 yuan/ton (for reference only), and the quotation varies depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and increased: the prices of salt lake and Zangge potassium chloride have temporarily stabilized. The downstream market of potassium chloride has slightly increased, and downstream demand has increased, with primary demand for procurement. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. In the short term, the import price of domestic potassium chloride may slightly increase.

Recently, the domestic potassium chloride market has been on the rise. Currently, the price of imported 62% white potassium is mostly between 2930-2980 yuan/ton, and downstream purchases are still in demand. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.