Daily Price Changes on Pentanes, Hexanes and Heptanes – November 11, 2020

Dow Jones Propelled by Vaccine Hopes, Singapore Stocks at 5-month High
Nov11, 2020 11:00AM+08:00
New Zealand Dollar: NZD/USD Edges Higher Following RBNZ Rate Decision
Nov11, 2020 10:00AM+08:00
Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ
Nov11, 2020 8:00AM+08:00
Will Trade Wars Persist After the US Election?
Nov 11 . AM + 0800
What will the global economy and intemational trade regime look like under a Trump or Biden administrationand how will that impact foreign exchange markets？
Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?
NOV 11, 2020 5:00 AM + 08:00
Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday , only to begin recouping losses as the week progressed . But has the fundamental landscape changed?
New Zealand Dollar Outlook : NZD / USD Eyes RBNZ Rate Decision Due
NOV 11 . 2020 3:30 AM + 08:00
NZD / USD price action is perched at its strongest level since early 2019 as commodity currencies like the Kiwi piggy back off US Dollar weakness , but a dovish RBNZ might undermine recent gains.

Positive progress in vaccine research and development in Europe and the United States has boosted demand confidence. In addition, Saudi Arabia suggested that oil producing countries could adjust their current production reduction policies, and international oil prices continued to rise. However, the overseas epidemic situation still worried the market and restrained the increase. In terms of n-Pentane, n-Hexane, n-Heptane, Isopentane, Isohexane, pentane blends and D20 Solvent, at present, for non-n-alkane hydrocarbon products, although the market price of raw materials is lower, and the cost pressure of manufacturers is relieved, it is still in the loss range. The resumption of downstream work is basically normal, but there is still a certain distance to return to normal demand. Especially, the sharp drop of pentane foaming agent product price has reduced the planned production of pentane foaming agent products of various manufacturers more or less, as for pentane blowing agent products, although product price competitiveness has increased, but sales price pressure increases, from all aspects are negative leading. The refinery’s shipment was poor yesterday, and it is expected to be dominated by shipment today. In the aspect of mixed C5, the refinery inventory is running at a low level, and there is sufficient base gas for price rising. However, the current price is close to the high level, and some downstream units are in a state of resistance. It is expected that the market will maintain stable operation and rise sporadically. The mainstream ex factory price in Shandong is 3100-3230 yuan / ton, and that in East China is 2950-3060 yuan / ton.

2020/11/11. USD TO CNY TODAY.

Actual USD to CNY exchange rate equal to 6.6026 Chinese Yuans per 1 Dollar. Today’s range: 6.5910-6.6050. Previous day close: 6.6140. Change for today -0.0114, -0.17%. 

Separated products:
Mixed C5: Shandong increased by 100 yuan / ton to 3100-3200 yuan / ton, while eastern China stabilized at 2950-3060 yuan / ton. The amount of C5 surplus is 3050-3300 yuan / ton in Northeast China, 50 yuan / ton in North China, 3000-3050 yuan / ton in Central China and 3000-3130 yuan / ton in South China.
The main delivery price of isoprene in China is 8000 yuan / ton, and the market inquiry is positive. SIS is expected to increase production and demand for isoprene this month. At present, the profits of isoprene rubber and sis are better, which supports the isoprene market. Isoprene is expected to rise today.
The mainstream self raised price of m-pentadiene in China is 8400-8700 yuan / T. Sinopec is still in shutdown, and the price of adhesive resin is firm, which has certain support for the isoprene market. The supply of m-pentadiene is slightly tight, and the market is slightly firm.
The domestic market of dicyclopentadiene is still weak. With the increase of maleic anhydride price, the bicyclic pressure will increase, and the price may continue to run downward. At present, DCPD hydrogenated resin is in operation and maintained, but the raw material inventory is relatively sufficient, and the intention of large-scale purchase is not high, and the double ring export is also reduced, and the domestic inventory is facing the risk of recovery. Affected by the sudden shutdown of LG cracking unit in South Korea, the export market may recover, and the industry will wait and see.
rosin
At present, it is difficult to reduce the price of resin, and the downward rate of rosin price slows down. However, in the short term, the price of rosin is temporarily unstable, and rosin resin factories will wait and see. The market price of turpentine is 27000-28500 yuan / ton in Jiangxi, 11400-15100 yuan / ton in Guangdong, 11400 yuan / ton in wetland, 13500 yuan / ton in Yunnan, 15000 yuan / ton in Fujian, 11400 yuan / ton in Jiangxi, 14500-15000 yuan / ton in 138 resin, 14700-15500 yuan / ton in 145 resin, and 27000-28500 yuan / ton in market price of turpentine. In the short term, the rosin market is still out of stock. Most of the manufacturers think that the price of rosin will rise after the adjustment of rosin stage by stage. However, in the short term, the rosin price fluctuates, and the purchase quantity of rosin resin factory is scarce, and the supply of rosin resin is scarce, so there is more single discussion.
C5 petroleum resin:
At present, the mainstream transaction price of C5 petroleum resin for road marking paint is 10000-10600 yuan / ton. At the beginning of the week, the orders of various manufacturers are concentrated, and the inventory is almost empty. The sporadic load of manufacturers is reduced, the supply is tight, and there is still partial shortage in the short term, and the price is mainly stable. The transaction price of C5 petroleum resin for adhesive is between 12000-13000 yuan / ton, and the price of rosin resin is at the beginning of the week In the short term, C5 petroleum resin is out of stock, and the focus is on the high-end price range.