First, the price trend

According to the sample price monitored by the business community, the toluene market rose this week. This week, the comprehensive quotation of toluene rose from 7,109 yuan / ton at the beginning of the week to 7,308 yuan / ton at the weekend, an increase of 199 yuan / ton, an increase of 2.80%. Overall, the overall toluene price of this week rose, up 36.29% year-on-year.

Second, the trend analysis

(1) Products:

The comprehensive price of toluene rose this week. From the manufacturer’s point of view, the average price of the factory price of toluene manufacturers rose this week. The price rose from 7055 yuan/ton at the beginning of the week to 7278 yuan/ton at the weekend, up 223 yuan/ton, or 3.16%. From the point of view of dealers, the average price of toluene distribution for this week fell first and then rose. The price first fell from 7,230 yuan / ton at the beginning of the week to 7,187 yuan / ton on October 18, down 43 yuan / ton, down 0.59%, and then rose to 7367 yuan / ton on the weekend. Overall, the overall price of toluene rose this week, with a large increase.

(2) Industry chain:

Upstream market conditions: This week’s naphtha offer fell slightly. The quotation fell from 6989 yuan/ton at the beginning of the week to 6,971 yuan/ton at the weekend, down 18 yuan/ton, or 0.25%, up 43.68% year-on-year. The upstream price has fallen slightly, which has a negative impact on toluene.

Downstream market conditions: This week’s TDI distribution price was low, and the price was 22,600 yuan / ton, down 45.87% year-on-year. The PX’s ex-factory price was running at a high level this week, and the price was 11,000 yuan/ton, up 64.18% year-on-year. Overall, the downstream market has risen, downstream customers have increased their enthusiasm for the purchase of toluene, and demand for toluene has risen.

Third, the market outlook

After the adjustment in September, the market of various industries was further expanded. The demand for toluene in various refineries and refineries increased, and the downstream PX market operated at a high level. This is the main reason for the recent rise in toluene market, and domestic distributors are pricing the external price. External disk offers are on the rise. Toluene analysts of the business community believe that the price of toluene will fluctuate in late October, and the mainstream transaction price of toluene will remain around 7,300 yuan / ton.

First, the price trend

Recently, the market for butadiene continues to decline. Business community monitoring showed that as of October 11, the price of butadiene was 11,336 yuan / ton, and the price rose by 9.83%.

Second, the analysis of influencing factors

Products: Sinopec East China, South China, Central China prices cut 600 yuan / ton to 11300 yuan / ton, bad attitudes, but the impact on market prices is limited. Traders cautiously offered, and the market was very light. There are not many guidelines for the butadiene market in Shandong. The industry continues to bearish on the market outlook. Some private enterprises have a stable factory price of RMB 1,1,500/ton, and traders have stopped reporting. The price of Ning coal supply in Shandong area is 10600-10700 yuan/ton. There is a lack of guidance on the news of the butadiene market in East China. Traders are reluctant to sell at a low price. The downstream mentality is cautious and bearish, with few bids. Asian butadiene closing price, FOB Korea average price offer 1244-1252 US dollars / ton; CFR China average price offer 1195-1203 US dollars / ton.

Industry chain: styrene-butadiene rubber: Due to the weakness of natural rubber, and because some sales companies lowered the price, some companies introduced a batch policy, the styrene-butadiene rubber market showed a weak downward trend, and the offer basically revolved around the factory while the actual transaction price was upside down. And the transaction is dull. Butadiene rubber: The domestic butadiene rubber market is showing a decline. The merchant’s offer was at the ex-factory price, the atmosphere of the inquiry was weak, and there was no substantial buyer’s pick-up. The price of the talk was slightly upside down and just needed to be closed. SBS: The domestic SBS market oil rubber and dry rubber roads are narrowly adjusted.

Third, the market outlook

On the positive side, traders have low stocks on hand, and downstream latex manufacturers just need demand. In terms of bearishness, the demand for downstream synthetic rubber has been slow to follow, the outside butadiene is low, and the market supply of spot goods has increased. The butadiene analysts of the business community expect that the butadiene market will continue to be weak and pay attention to the latest price policy guidelines of Fushun Petrochemical and Sinopec.

On September 21, the domestic market for zinc metal was stable. The average price of metal zinc in the domestic spot market was 2,2690.00 yuan/ton, which was 0.06% lower than the previous day’s price. The average ex-factory price was 2,305.29 yuan/ton, compared with the previous trading day. The price rose by 0.12%.

On September 20th, the zinc (market) commodity index was 129.68, up 1.91 points from yesterday, down 16.75% from the highest point of 155.77 points (2017-10-09) in the cycle, compared with the lowest point of 72.28 on November 22, 2015. It has risen by 79.41%. (Note: Period refers to 2011-09-01 to date).

On September 21, the zinc price was stable. Recently, the non-ferrous metal sector was fully red, and the zinc price followed the sharp rise. On September 21, the domestic zinc price was basically stable.

Domestically, in recent years, the approval of projects such as UHV and rail transit has been reopened, and a large number of infrastructure projects have been intensively started, and supporting policies have also entered the stage of intensive introduction. The increase in the construction of infrastructure projects will definitely drive the sharp increase in demand for zinc ingots. The demand for zinc in the market will increase, and the domestic zinc market is promising.

On the international front, the Trump administration said it would impose tariffs on about 200 billion US dollars of Chinese goods. As one of the measures to pressure China to change its business practices, the taxation began on the 24th and the Sino-US trade war escalated. The deterioration of the macroeconomic environment has created a negative impact on the non-ferrous metals market, and the zinc market has a downside risk.

Forecast of the market outlook: In terms of demand, in terms of demand, the construction of a large number of infrastructure projects has promoted a large increase in demand for zinc ingots, and the price of zinc has increased. However, the Sino-US trade war has escalated and the international economic environment has deteriorated, which has affected the recovery of zinc demand. On the supply side, the inventory of zinc ingots in the futures market dropped sharply. On the 21st, the inventory of Shanghai futures zinc ingots was 5,581 tons, and the futures inventory was reduced by 1,608 tons. In the spot market, the output of zinc mining enterprises decreased in August, but the overall zinc market still provided sufficient supply. The supply gap is reduced. In general, zinc market outlook is expected to grow, zinc prices are strong, domestic zinc mines are affected by environmental protection, supply is limited, and zinc prices are expected to rise in the market. However, due to the Sino-US trade war, zinc prices are unlikely to continue to rise sharply. The price fluctuated.

First, the price trend

According to the data monitoring of the business community, the domestic acetic acid market was stable in the week. At the beginning of the week, the domestic average price of acetic acid was about 4,200 yuan / ton, and the weekend was about 4,328 yuan / ton, which rose by 3.06% during the week, which was higher than the same period of last year. 40.89%.

Second, the cause analysis

Products: This week, the domestic acetic acid market has large regional differences: the northwest region is affected by transportation control, and the price of acetic acid has increased significantly. The enterprises in Henan province have been sold at low prices in the early stage, and now there are few stocks and more limited sales, and prices continue to rise. Potential; the spot supply in North China and East China is tight, the company’s inventory is low, and the current long-term and export orders. In terms of construction, this week, Celanese and Anhui Huayi have been running negatively. Tianjin Bohai Chemical has temporarily parked for 3 days, and other acetic acid production enterprises are operating normally. At present, the price in Henan is about 4200-4300/ton; the price in Shandong is about 4400 yuan/ton; the price in Hebei is 4300 yuan/ton; the price in Tianjin is 4250 yuan/ton, and the price in Shaanxi is 4200 yuan/ton. The price in Jiangsu is 4,400 yuan / ton, the price in Zhejiang is 4,550 yuan / ton, and the price in South China is 4,400 yuan / ton. The actual transaction price of each region is slightly lower than the quotation, which is mainly based on the negotiation.

Industry chain: upstream, this week, the domestic methanol market price surged and stabilized. At the beginning of the week, the domestic methanol market average price was 3035 yuan / ton, the weekend reported 3137 yuan / ton, the weekly increase of 2.96%; this week, the downstream acetate, acetic acid Ethylene and other industries performed strongly. Due to the proximity to the two festivals, enterprises actively purchase and stock up; this week, PTA was affected by the high price in the previous period, and the price has dropped slightly. The current price is about 9,100 yuan / ton.

International: This week, affected by the restart of Texas BP equipment, the North American acetic acid market fell sharply and is currently quoted at around US$910/ton. The Asian acetic acid market is affected by Sino-US trade war and RMB depreciation. Downstream customers are slightly in conflict with high prices. Acetic acid prices Concussion adjustment, currently quoted at 595-645 US dollars / ton; European acetic acid market affected by the increase in supply, acetic acid prices fell slightly, currently quoted at 870 euros / ton.

Third, the market outlook

At present, the overall operating rate of the acetic acid industry remains high, the company has long-term contract orders, low stocks, and some regions still sell goods. The overall demand of the downstream industry is stable, domestic demand is good, and the demand is close to double-segment, users are more bullish, so there are many Stocking intentions.

Santiago, September 7 news, the Chilean central bank released a report on Friday showed that Chile’s trade deficit in August was $302 million, which was the first time in two years that the deficit was recorded, while copper export revenue fell.

August copper export revenue fell 13% from the same period last year to 2.741 billion US dollars, due to Sino-US trade tensions affecting copper prices.

Chile is the world’s largest copper producer.

August 2018      July 2018      July 2017
Trade balance (million USD)        302                   375                676
Export ($1 billion)                         6.232              6.176             6.294
Imports ($1 billion)                       6.534               5.801               5.527
Copper export revenue ($1 billion) 2.741            3.004             3.176

The commissioning process for the Browns Range Rare Earth project of Australia’s heavy rare earth producer Northern Minerals is progressing well, and all parts of the pilot plant at the concentrator and hydrometallurgical plant have been commissioned as part of the Northern Australia project.

“The development of the Browns Range project was exchanged for years of sweat and tears from Northern Mining Corporation, Sinosteel, construction engineering company Primero Group and other contractors,” said George Bower, General Manager and CEO of Northern Minerals. Bauk said that as the company turned from an explorer to a quality supplier of important raw materials to the development of electric vehicles, people’s perception of the northern mining industry is undergoing a fundamental change.

Last month, the company reported that about 1,000 tons of ore were crushed, and the first ore was processed by the concentrator and continued to be processed according to the production process. At the same time, the hydrometallurgical plant began commissioning and testing through the concentrate dryer and the sulphate roaster process. The balance of the hydrometallurgical plant will be adjusted with the availability of the calcined material.

The Northern Minerals report shows that the field laboratory has produced rare earth carbonates as part of the testing process during the commissioning process. This is the precursor to the export of quality products being produced.

The company is currently expected to export its rare earth carbonate products for the first time in the fourth quarter of September. The research and development phase of the pilot plant project began in June and is expected to take up to three years. During this time, the company will investigate the technical and economic feasibility of the proposed large-scale project.

In addition, the first phase of the test was carried out at two ore sorting suppliers, completing the conceptual design of the ore sorting at the Browns mine. A large number of samples from the Wolverine and Gambit West Mine have been collected, screened and separated to prepare for the next stage of the sorting test. Testing is expected to begin last month. The Browns Range project will be the first major plutonium producer outside of China, the company said.

After the 2016 review, Northern Mining has developed a new business plan to support the project’s entry into production. The program divides the project into three stages of development, allowing the company to test the processing and sales of hybrid rare earth carbonate products, and to develop the project to a feasibility study level, which will eventually be fully operational.

According to a report by Mining Weekly in May, the pilot plant is expected to produce 573,000 kilograms of mixed heavy rare earth carbonate containing lanthanum and cerium as a revenue product within three years.

Australian Regional Development, Agriculture and Food Minister Alannah MacTiernan officially announced the implementation of the Browns Range project last month.

According to Platts Energy’s London report on August 17, Saudi Arabian National Oil Company (Saudi Aramco/Aramco) said in its annual report released on Friday that Saudi Arabia’s crude oil and crude oil last year due to the decline in crude oil production from 2016 levels last year. The condensate reserves increased slightly.

Saudi Aramco said in its annual report that Saudi Arabia’s total crude oil and condensate reserves reached 260.9 billion barrels last year, higher than the 260.8 billion barrels disclosed in the 2016 annual report.

Saudi Aramco said that the company produced an average of 10.2 million barrels of crude oil per day last year, while the daily output of crude oil in 2016 was 10.5 million barrels.

As a result, Saudi Arabia’s crude oil exports last year averaged 6.7 million barrels per day, down 1 million barrels per day from 2016.

First, the price trend

This week, the yellow phosphorus market continued to be weak, the price market continued to decline, and the manufacturers’ price mentality was no longer. At the beginning of the week, the average price of yellow phosphorus was stable at 14,433 yuan/ton, and the average price at the weekend was 14,366 yuan/ton. At present, the actual transaction price in the domestic market is seriously reduced. The actual transaction price in Sichuan and Yunnan is quite different, and the lowest is even at 13,800 yuan/ton. The actual transaction price in Guizhou is relatively uniform, about 14200-14300 yuan / ton. In the face of bad market, the manufacturers have a good price mentality, and are unwilling to lower the factory price. Some enterprises have a high price, basically biting the 14400 yuan/ton line, but the bargaining power is insufficient, and the actual price decline is far above 100 yuan/ton. .

Second, the market analysis

Product: The operating rate of yellow phosphorus in July is slowly rising. In the early stage, due to environmental pressures, the production of a large number of enterprises has been reduced due to the suspension of work, resulting in a large supply of yellow phosphorus in short supply and tight shipping conditions. Continued to the end of July, attracted a lot of production stoppages to start the operation, into August, only the first two weeks of the yellow phosphorus market once again showed a downward trend. The overall downstream demand in China has not improved, and the operating rate of yellow phosphorus has not decreased, resulting in further intensification of market share competition. The supply and demand balance has fallen from the demand side in early July to the supply side in early August, and suppliers no longer have market voice.

Industry chain: The price of phosphate ore in the upstream has continued to be high this week. The mainstream offers have been raised by RMB 30/ton. The equipment started normally and the supply is stable and normal. There is no yellow phosphorus manufacturer in the near future that the upstream goods are difficult to get. The market price of downstream ammonium phosphate is bullish. Most enterprises are in short supply and demand is low, which drives the downstream demand of phosphoric acid. However, the overall operating rate of ammonium phosphate and phosphoric acid in China is still low, and it is difficult to pull demand for yellow phosphorus in the short term.

Third, the market outlook

Yellow Phosphorus analysts of the Chemical Industry Chemicals Branch believe that the downstream demand for yellow phosphorus is fixed, but the recent operating rate has increased significantly, especially the small and medium-sized production capacity has entered the market positively, and the market competition is fierce. It is expected that the market price of yellow phosphorus will remain weak in the short term.

International Interfax News Agency Minsk, August 15th, Eurasia Energy Commission Director Shenets said in an interview with the Belarusian News Agency that the proposal for the Eurasia Economic Union to unify the natural gas market freight rate will be completed in October this year. She said that according to the plan to establish a unified natural gas market for the Eurasian Economic Union, there are still differences on the issue of the formation mechanism of natural gas freight. The member states of the Eurasian Economic Union are coordinating the issue at the level of the energy ministers and intend to hold a special meeting. The results will be reported to the Prime Ministers at the Eurasian Economic Union Heads of Government Council meeting in October this year.

According to the work arrangement, the plan for establishing a unified natural gas market for the Eurasian Economic Union is expected to be signed at the end of this year. In 2020, an international treaty on the establishment of a unified natural gas market will be formulated and submitted to countries for internal approval procedures, which will be formally signed in 2021. The Eurasian Economic Union’s unified natural gas market is expected to be officially established in 2025.