Sinochem News Around the "Eleventh" period, the domestic chemical market continued its strong upward trend in the previous period. As of October 9, the China Chemical Product Price Index (CCPI) released by Chemical Online rose to 6231 points, an increase of up to 7%.

　　Among the important chemical product prices monitored, a total of 48 products rose, accounting for 78.7%. The top three products are octanol, epichlorohydrin and ethyl acetate.

　　Judging from the increase list, the price of bromine has risen strongly, with an increase of nearly 30% during the statistical period. Affected by environmental protection policies, the output of bromine enterprises in Shandong area has declined, and manufacturers in Changyi area have basically stopped production, and the market supply is very tight. However, the operating rate of the downstream flame retardant and intermediate industries has been raised recently, and the demand for bromine is acceptable, which supports the rapid rise in prices.

　　The PVC market performed well. The shortage of raw materials continues, the operating rate of enterprises purchasing calcium carbide has dropped significantly, the supply of enterprises is in short supply, and the shipment is smooth, which promotes the continuous rise of market prices. In addition, the price of calcium carbide, a raw material, has continued to rise, and the cost has increased significantly, which is also a major reason for the soaring price of PVC.

　　The propylene market is rising steadily. Recent oil prices continue to rise, supporting the market sentiment. Downstream polypropylene futures and spot prices continued to rise, boosting the atmosphere in the propylene market, and the price of propylene spot negotiations rose sharply. In the later stage, the mentality of major suppliers continues to be bullish, but the downstream chasing atmosphere is weak, and it is expected that the upward momentum of propylene will weaken in the short term.

　　Judging from the decline list, the octanol market is weak and down, and the decline is mainly concentrated before the National Day. Downstream plasticizer installations were shut down intensively, and the imbalance between supply and demand of octanol was exacerbated, causing factories to continue to accumulate inventory, and bearish expectations increased. After the festival, with the staged downstream purchases, the market demand has increased, leading to a rebound in the price of octanol.

　　The epichlorohydrin market has declined. Epichlorohydrin production enterprises started more stable, and the market spot supply did not change much compared with the previous period, but the start-up load of downstream liquid epoxy resin enterprises decreased rapidly, the overall demand decreased significantly, and the market quotations fell.

　　Ethyl acetate high callback. The price of upstream acetic acid was corrected and adjusted, the price fell by 1.7%, and the cost support weakened. In addition, the performance of market demand was not good. In the last week before the festival, manufacturers lowered ex-factory prices sharply. In addition, there was a demand for callbacks due to the excessive price rise in the previous period, and the price of ethyl acetate gradually declined.

　　On the whole, last week the chemical market remained strong, and most products showed an upward trend. Looking at this week, the international crude oil market has fluctuated and risen, and the price of Brent crude oil has reached the 80 USD/barrel mark, supporting the increase in the cost of chemical products. However, under the "dual control" policy of energy consumption, the output of products has declined significantly, and the chemical market is expected to continue its upward trend this week.