Daily Price Changes – Sunday, November 08, 2020

Crude oil market tracking
Trend of international oil price
Last week, the average settlement price of Brent futures was $40.06/barrel, up $0.88/barrel, or 2.25%, with a range of 38.97-41.23 USD / barrel. Last week, the average settlement price of WTI futures was $37.91/barrel, up $0.41/barrel, or 1.1%, with a range of 36.81-39.15 USD / barrel.

Industry Review
Last week, the prices of petrochemical products rose in the top five, including butadiene, styrene, pure benzene, spandex 40d and PTMEG; the top five prices of PTA, PET staple, polyester FDY, LPG and MEG fell. The price of chemical products rose the top five liquid chlorine, adipic acid, crude salt, methylcyclosiloxane, hydrochloric acid; fell the top five DMF, propylene oxide, soft foam polyether, hard foam polyether, natural rubber. Last week, the price difference of DAP phosphate rock; sulfur; synthetic ammonia, MEG ethylene, adipic acid pure benzene, polypropylene propylene, styrene pure benzene; ethylene price difference increased greatly; TDI toluene; nitric acid, butyl acrylate acrylic acid; n-butanol, acrylic acid allyl, pta-px, cis-1-butadiene-butadiene were greatly reduced.
Last week, the petrochemical sector outperformed the index (1.37%), while the basic chemical sector ran low (- 0.47%).

Track and Trace Specialty Solvents Market:
This week, in domestic market, the price of pentane blends fell. At present, domestic pentane manufacturers are in the maintenance season, and the suppliers still have the right to speak, so the overall supply of goods is tight. In terms of turnover, the market sought immediate needs, and the prices of all manufacturers were steady. Normal alkanes such as n-Pentane, n-Hexane, n-Heptane and n-Octane in domestic market are volatile. Prices have risen slightly and supplies are running short. For some manufacturers, in order to maintain the old customers, they reduced the price and sold at a cut profit, and the market quotation range is still down. Considering the current alternating maintenance of domestic and foreign devices at manufacturing plants, the suppliers of each manufacturer still have the right to speak, and the overall supply of goods is still tight. Under the game between supply and demand, the market price keeps high in a short time. Please continue to pay attention to the subsequent supply policies of manufacturers and the actual transaction situation of downstream manufacturers.