According to data provided by China Chemical Network, of the 68 chemical products tracked, 58 prices rose in October, 7 remained unchanged, and 3 fell. Chemicals prices continued to rise in large areas.
The top-ranked products in October include soda, **, **, caustic soda, and adipic acid. In terms of soda ash, due to restricted electricity policies, the operating rate of soda ash companies was only 62.49%, a record low, while the downstream glass and alumina entered the peak season for consumption, which led to imbalance in market supply and demand.
Soda ash prices hit a new high since 2008. In October, light soda ash rose to 2,500 yuan / ton, heavy soda ash rose to 2,600 yuan / ton, the cumulative increase in the past month reached 78.57% and 73.33%. China Chemical Network analysts expect that the soda ash price will remain high, and Shuanghuan Technology, Shandong Haihua, Qingdao Alkali Industry and other companies will significantly improve in the fourth quarter.
In terms of **, in early October, there was no sign of a significant increase in market transactions, and the downstream demand was relatively flat. From mid-October onwards, it showed a strong upward trend. The price of East China Market** (31%) was 533 yuan/ton in mid-October and rose to 550 yuan/ton in late October. China Chemical Network analysts believe that the main reason for the higher price of ** is the relatively strong market demand.
**In October, it took up the upward trend in September. At the end of October 98%** price reached 620 yuan / ton, compared with the beginning of the price increase reached 34.78%. At present, ** market conditions are firm, inventory is low, and sales are good. China Chemical Network analysts believe that with the support of upstream prices and increasing demand from the downstream, the market will consolidate at a high level in the near future and there is room for further growth in the future.
The top-ranked products in October include soda, **, **, caustic soda, and adipic acid. In terms of soda ash, due to restricted electricity policies, the operating rate of soda ash companies was only 62.49%, a record low, while the downstream glass and alumina entered the peak season for consumption, which led to imbalance in market supply and demand.
Soda ash prices hit a new high since 2008. In October, light soda ash rose to 2,500 yuan / ton, heavy soda ash rose to 2,600 yuan / ton, the cumulative increase in the past month reached 78.57% and 73.33%. China Chemical Network analysts expect that the soda ash price will remain high, and Shuanghuan Technology, Shandong Haihua, Qingdao Alkali Industry and other companies will significantly improve in the fourth quarter.
In terms of **, in early October, there was no sign of a significant increase in market transactions, and the downstream demand was relatively flat. From mid-October onwards, it showed a strong upward trend. The price of East China Market** (31%) was 533 yuan/ton in mid-October and rose to 550 yuan/ton in late October. China Chemical Network analysts believe that the main reason for the higher price of ** is the relatively strong market demand.
**In October, it took up the upward trend in September. At the end of October 98%** price reached 620 yuan / ton, compared with the beginning of the price increase reached 34.78%. At present, ** market conditions are firm, inventory is low, and sales are good. China Chemical Network analysts believe that with the support of upstream prices and increasing demand from the downstream, the market will consolidate at a high level in the near future and there is room for further growth in the future.
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