Recently, most of the main contracts of commodity futures have fallen at the opening, and coal and coal chemical varieties have fallen to a halt at the opening. As of press time, the main contracts of methanol, coking coal, coke, thermal coal, urea, ethylene glycol and PVC futures have all fallen to a halt.
In fact, in the night of the 19th, the chemical sector that was originally red across the board has fallen collectively, and the main contracts of coking coal, coke, thermal coal, methanol, ethylene glycol (EG), and polyvinyl chloride (PVC) have fallen to a halt, soda ash has fallen by more than 5%, and staple fiber has fallen by more than 4%. What led to the "green oil" state of the chemical sector was the regulatory "combination fist" played by the National Development and Reform Commission the day before.
<h1 class="pgc-h-center-line" data-track="4" > detonated late at night! The National Development and Reform Commission issued 6 consecutive articles to "stop" the price increase, and 39 contracts fell to a stop</h1>
The National Development and Reform Commission issued 6 consecutive documents on the 19th and 20th to study the implementation of intervention measures for coal prices in accordance with the law, organize and hold a symposium on ensuring supply and price stability for key enterprises in coal, electricity, oil and gas transportation, and emphasize strengthening supervision and strictly investigating and punishing capital malicious speculation in thermal coal futures. On October 20, the State-owned Assets Supervision and Administration Commission of the State Council stressed at a press conference that power generation enterprises should increase coal procurement and guard the bottom line of coal storage safety for 7 days.
On the evening of the 19th, the National Development and Reform Commission issued 3 blockbuster messages in a row, playing a heavy "combination fist": studying the implementation of intervention measures in coal prices according to law; organizing and holding a symposium on ensuring supply and price stability of key enterprises in coal, electricity, oil and gas transportation; and stressing the strengthening of supervision in accordance with the law and strict investigation and punishment of capital malicious speculation of thermal coal futures!
After a series of policy "combination fist" news was issued, the recent surge in coal "three brothers" collapsed, coke fell 8.99%, coking coal fell 8.99%, thermal coal fell 8.01%, have fallen to a halt.
Multiple factors work together, and on the night of the 19th, the bulls "fled from the wind", and the thermal coal futures of each period fell to a halt collectively. As of 23:00 on the day, a total of 39 contracts fell and stopped. Thermal coal is a full contract (12) to seal the stop plate!
<h1 class="pgc-h-center-line" data-track="36" > "coal super crazy" become a thing of the past? Related chemicals fell by 1300 yuan / ton per day</h1>
Recently, coal prices have risen rapidly, hitting a record high, significantly pushing up the production costs of downstream industries, and the main thermal coal contract has risen seven times since the 11th, an increase of 54%, doubled from the beginning of September, and 3 times higher than the price at the beginning of the year. The NDRC's heavy blow and strict control are also aimed at ensuring stable prices for coal supply.
It is worth noting that the national leaders held a symposium at the National Development and Reform Commission on the 19th and stressed that the study should take effective measures to resolutely curb and manage hoarding and speculation in accordance with laws and regulations. It is necessary to implement the policy of expanding the floating scope of coal-fired electricity prices, help coal-fired power enterprises alleviate phased difficulties, and study and improve the market-oriented formation mechanism of coal-fired electricity prices。
The intensity of this time can be described as unprecedented, using all means to ensure the supply of coal and power, which has also become an important reason for the detonation of many raw materials in the coal chemical sector. Thermal coal and coal-based chemicals plummeted dragging down the entire energy and even commodity sector, the spot market also seems to have been inspired, PVC, methanol, styrene, isobutyral, n-butanol, neopentyl glycol and other more than a dozen chemicals prices straight down, a number of manufacturers also opened a price drop mode, a day plummeted up to 1300 yuan / ton, people are surprised.
Dezhou Shihua PVC calcium carbide method 8 type implementation of 15000 yuan / ton acceptance self-withdrawal, the spot foreign exchange price on this basis lower 100 yuan / ton, a daily decline of 1300 yuan / ton.
Heilongjiang Haohua PVC five-type material factory quotation of 13500 yuan / ton acceptance, the current foreign exchange is low 50 yuan / ton, the export is low 50 yuan / ton, the daily decline of 1200 yuan / ton.
Bisphenol A is quoted at 21750 yuan / ton, down 883 yuan / ton per day.
Isobutyral is quoted at 16400 yuan / ton, down 700 yuan / ton per day.
Aggregate quotation 21575 yuan / ton, daily decline of 675 yuan / ton.
The liquid epoxy resin offer in East China was shipped in 36,000-36,500 yuan / ton in barrels, down 500 yuan / ton per day.
Methanol is quoted at 3523.33 yuan / ton, down 400 yuan / ton per day.
Jiangsu Baichuan chemical butyl acetate quotation quotation of 13200 yuan / ton, down 300 yuan / ton.
Propylene is quoted at 9400 yuan / ton, down 250 yuan / ton per day.
Styrene is quoted at 9575 yuan / ton, down 200 yuan / ton per day
N-butanol was quoted at 10,600 yuan / ton in east China, down 200 yuan / ton per day.
Neopentyl glycol is quoted at 19300 yuan / ton, down 200 yuan / ton per day.
South China acetic acid factory reported about 7800-7900 yuan / ton of self-pickup, down 200 yuan / ton per day.
……
Industry insiders said that the crazy rise of coal in recent days seems to be quite unstoppable, and why is this not the case in the chemical industry? The NDRC has issued 6 consecutive documents, regulatory upgrades, for the high price of coal to play the strongest "intervention", and for the chemical industry that has been seriously separated from the fundamentals under multiple factors such as power rationing, production limitation, double control, golden nine silver ten, air pollution prevention and control, etc., it is also a wake-up call. Industry insiders said that the most affected is basically the coal chemical industry and energy industry chain chemicals, although the source of coal price decline has not been transmitted in such a short period of time, but the supervision of relevant departments has made a clear statement, but also for the price trend of these chemicals pointed out the "Yangguan Road".
Source: Paint Procurement Network
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