Market Analysis - Monthly Report - October, 2020 - Fine Chemical

In October, the benzoic acid market was hot and cold, and the exportdemand was not as expected, but due to the shutdown of the factory and the parkingand maintenance of other factories, The price of benzoic acid and relatedproducts will fluctuate greatly in November.

Looking at next month, in terms of raw materials, the pure benzene market is expected to be relatively strong, and the cost of cyclohexanone is expected to be strong. In terms of supply, Shanxi Lanhua is going to shut down on November 7 for maintenance. It is expected that the equipment of other manufacturers will be operating normally. Adequate supply; In terms of demand, the downstream chemical fiber market has insufficient demand and the purchasing atmosphere is deserted. According to a comprehensive analysis of Zhongyu Information, it is expected that in the firsthalf of November, under the positive influence of upstream pure benzene,cyclohexanone will be mainly arranged sideways. In the second half of the month, affected by downstream demand, manufacturers may let the profit offer to promote shipments. There may be downside risks, and the specific trend still needs to pay attention to the changes in supply and demand, the cost and the dynamics of the equipment.

In November, styrene fundamentals are still good, support for pure benzene can be, the main adipate factory release November high closure news, concerned about cost pressure, at the end of the middlemen do not ship sealed, reported inventory significantly increase dexpectations. It is expected that the domestic adipic acid market will continue to rise next month.

Next market forecast: the currentsupplier's inventory is not under pressure, and there is no lack of follow-up to continue to increase expectations. At the same time, the factory maintenance and restart operations next month are relatively intensive, and the supply situation in the field will continue to be tight. Therefore, the strong supplier operation is expected to further explore the BDO market and pay attention to the change of mentality of downstream buying follow up.