Author Archives: lubon

NBR market is stable (1.13-1.17)

This week (1.13-1.17), the price of NBR is stable, with a price of 16200 yuan / ton.


Low price of raw butadiene


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The price of raw materials is low, the support strength of cost surface is weakened: the price of butadiene is low, the support for NBR is weakened. According to the monitoring of the business agency, the price of butadiene at the beginning of the week was 8112 yuan / ton, while that at the end of the week was 8084 yuan / ton, slightly down 0.35%.


Stable ex factory price of petrochemicals


The unit of NBR manufacturer in China is in normal operation, the factory price of NBR is stable, and the overall operation rate of NBR unit is around 70%. According to the business agency, Lanzhou Petrochemical’s 65000 T / a unit is in normal operation. This week, the factory price of Lanhua NBR is stable. At present, n41e reports 15000 yuan / ton, 3305e reports 15500 yuan / ton, and 3308e reports 15600 yuan / ton.


Downstream inquiry on demand


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The demand of the downstream plant of NBR is weak, and the demand inquiry for NBR is more on demand, so the overall NBR market is relatively weak and stable.


Outlook for the future


Xu Xiaokun, an analyst with business club, believes that on the one hand, the price of raw materials is low, on the other hand, the transaction is light near the Spring Festival, and it is expected that the NBR market will maintain a weak and stable position in the later period.

China’s domestic bromine market has been running slightly and steadily this week (1.13-1.17)

1、 Price data:


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According to the data monitoring of the business club’s bulk list, this week’s domestic bromine market was weak and stable, with weak market supply and demand. The average price of bromine remained at about 30444 yuan / ton, down 12.39% from the same period last year.


2、 Cause analysis


Products: at present, most bromine production enterprises in China have entered the parking period. The industry is in a low negative operation as a whole, and the spot market supply is tight. Near the Spring Festival holiday, the market is soft in trading and investment, the overall market supply and demand are weak, and the price is stable. At present, the enterprise’s quotation is maintained between 29500-31000 yuan / ton.


Industry chain: the downstream flame retardant market is close to the Spring Festival, the market is slightly depressed, and the trading atmosphere in the industry is flat; the pharmaceutical and agricultural intermediates and other industries are on the low side, and the overall impact on bromine price is negative.


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3、 Future forecast


According to the bromine industry analysts of business association, near the Spring Festival holiday, the overall supply and demand of bromine chemical industry in China are weak, and some downstream enterprises rely on imported bromine to maintain production. At present, the price trend is relatively stable, and it is expected that the bromine price will maintain stable operation in the short term.

This week’s low price consolidation of potassium carbonate market (01.06-01.10)

1、 Price trend


Market analysis of potash products


(photo source: Commodity analysis system of Business Club)


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According to the data monitored by the business agency, the average factory price of light potash in China this week is 6325.00 yuan / ton, including tax. The current price is down 9.32% year on year.


2、 Analysis of influencing factors


Product: this week, the market of potash market was low consolidation. Affected by the approaching of Spring Festival, the market of potash market was not warm, the trading atmosphere was cold, and the demand side was weak, resulting in the low consolidation of potash price. The actual turnover of the market is relatively general, while the plant operating rate of the manufacturer is at a low level, the overall inventory is at a low level, the purchasing market momentum is general, and the domestic potassium carbonate market is volatile and consolidated. According to the statistics of the business agency: in January, the main quotation range of domestic industrial potassium carbonate is about 6200-6600 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.


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3、 Future forecast


Potash analysts of the business association believe that this week’s potash market is low consolidation, holidays are approaching, trading market activity is low, and potash manufacturers have a negative attitude. In the short term, potash prices may mainly be consolidation, and the long-term market still needs to wait and see. (the above prices are provided by the major potassium nitrate manufacturers all over the country and analyzed by the potassium carbonate analyst of the business association, for reference only. For more details, please contact the relevant manufacturers for consultation).

PA66 price consolidation before the festival (1.6-1.10)

1、 Price trend


According to the data of the bulk list of business agencies, the market of PA66 in the second week of January was stable and stable, with relatively low prices. As of January 10, the average price of the mainstream offer of PA66 is about 23025.00 yuan / ton, which is 0.20% lower than the average price at the beginning of the week.


Analysis of influencing factors:


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The market of adipic acid in the upper reaches of PA66 has remained stable this week, with little change in prices in most regions, and some of them have been raised. Basically speaking, the supply pressure is not reduced and the demand is not changed much, which is the main factor that puzzles the adipic acid to get out of the weak situation. The improvement of the cost side does not bring a rebound in the market of adipic acid in the lower reaches, but aggravates the dilemma of enterprise profit contraction. At present, the demand of adipic acid downstream is still not improving, and there is no peak of purchasing season before the Spring Festival in the downstream. In addition, the social inventory pressure has not been alleviated, the market has not reversed the upward momentum, and the enterprise inventory and market inventory still maintain a high level, which is closely related to the current low demand and low procurement, which is also an important reason why the adipic acid price did not continue the rebound Market at the end of December last year. In terms of region: the price in East China and South China market is still low, and some dealers have stopped rising. Even though some dealers have a tentative surge, the range is limited to 50-100 yuan / ton. The market atmosphere is a little cold, dealers actively give priority to profit delivery, and the market maintains a weak and volatile pattern. At present, the downstream market still generally holds a wait-and-see attitude, and the transaction is slightly deadlocked. In addition, from the perspective of upstream cost, although pure benzene has ended the rising pattern, it is still at a high level. As of January 10, the rise and fall of pure benzene in this month is 0%, but the transmission effect of high cost is restrained by the weak downstream demand, which does not bring much positive effect to the adipic acid market. On the contrary, with the rising price of pure benzene, the profits of adipic acid manufacturers are compressed. At the same time Suffering from weak demand, prices have not improved, which confirms the extremely weak market situation; this week, PA66 market is still dominated by sideways consolidation. On the supply side, the spot market is still abundant. The operating rate of downstream factories continued to decline, and there was no centralized stocking behavior in the downstream before the festival. The overall purchasing power is not strong, and the strategy of “just need to take delivery” is often adopted. As the terminal market is still weak, the atmosphere in the market is quiet, and the mentality of the industry hasn’t changed, most orders are flexible.


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Future forecast:


Business analysts think: January domestic PA66 market sideways consolidation. Although the weak demand of adipic acid in the upstream continues, the price tends to be stable near the pre Festival period, which has limited support for PA66 cost side. There is no improvement in the enthusiasm of downstream stock up, and the strategy of just need to take the goods as the main strategy. The market atmosphere is quiet, the industry’s wait-and-see mentality is heavy, and the operation is limited. It is expected that PA66 will continue to run horizontally in the near future.

China’s domestic LPG market price rose first and then fell this week (1.5-1.10)

1、 Price trend


This week, the domestic liquefied gas market rose first and then fell. At the beginning of the week, the average price of the domestic liquefied gas (Shandong) market was 4833.33 yuan / ton, while at the end of the week, the average price was 4800 yuan / ton, with a decline of 0.69% in the week. The price was 12.94% higher than that of the same period last year.


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2、 Analysis of influencing factors


Product: the domestic liquefied gas market rose first and then fell this week, with a general trading atmosphere. As of January 10. The price of LPG from Sinopec Guangzhou Chemical Co., Ltd. is 4700 yuan / ton, from Sinopec Jingmen Petrochemical Co., Ltd. is 4830 yuan / ton, from Sinopec Shanghai Petrochemical Co., Ltd. is 4600 yuan / ton, from Sinopec Qingdao Refining Chemical Co., Ltd. is 4750 yuan / ton, from Sinopec Shijiazhuang Refining Chemical Co., Ltd. is 4650 yuan / ton, from Sinopec Sinopec The factory price of Luoyang Petrochemical LPG is 4750 yuan / ton.


This week, China’s LPG prices were mixed. The northern market as a whole rose first and then fell, while the southern market mainly fell. In the early stage, with the boost of broad rise in international crude oil, the overall LPG market rose and the price rose to a high level. However, with the price rising, the terminal demand is limited, the terminal inventory is basically above the middle level, the enthusiasm of the downstream market is not high, and the overall transaction atmosphere of the market is obviously weakened. In addition, the international crude oil width was lowered in the late week, which affected liquefied gas, mainly downward.


Saudi Aramco’s January CP reported a sharp rise in both propylene and butane. Propane rose to $565 / T, up $125 / T from last month, and butane to $590 / T, up $135 / T from last month.


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Industry: according to the price monitoring of the business association, in the first week of 2020 (1.6-1.10), there are 6 kinds of commodities in the list of rise and fall of bulk commodity prices in the energy sector, including 1 kind of commodity with a rise of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities are methanol (5.24%), fuel oil (3.70%) and dimethyl ether (2.05%). There are 8 kinds of commodities falling on a month on month basis, 2 kinds of commodities falling by more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top 3 products falling are LNG (- 6.45%), WTI (- 5.54%) and Brent (- 4.71%). This week’s average was – 0.69%.


3、 Future forecast


According to the LPG analyst of Business Club: at present, the international crude oil reserves have a certain support for the LPG market. With the Spring Festival approaching, the storage, discharge and storage demand of manufacturers, if there is no obvious positive in the short term, there is still a possibility of lowering.

The demand is off-season, and the trend of polyaluminium chloride is stable in the first ten days of January

Commodity index: on January 10, 2020, the polyaluminium chloride commodity index was 101.80, unchanged from yesterday, down 6.61% from the highest point of 109.01 (2019-08-28) in the cycle, and up 0.89% from the lowest point of 100.90 on December 19, 2019. (Note: cycle refers to 2019-04-01 till now)


Price quotation: according to the monitoring data of business agency (100ppi. Com), on January 1, 2020, the mainstream market price of polyaluminium chloride (fixed, content ≥ 28%) is about 1833.33 yuan / ton, and on January 10, the mainstream market price is 1833.33 yuan / ton, which is stable this month.


Price quotation: the main monitoring manufacturers of the business agency have stable quotation in the domestic polyaluminium chloride market since January. According to the monitoring data of the commodity by the business agency (100ppi. Com), the main quotation range of the domestic market of polyaluminium chloride is mainly concentrated in: the quotation with tax of 1800-2200 yuan / ton for polyaluminium chloride solid (industrial level, content ≥ 28%), and 380-450 yuan / ton for liquid (industrial level, content 10% – 12%).


Upstream: in the first ten days of January 2020, the main quotation of hydrochloric acid in the domestic market fluctuated and decreased, with the quotation of 253.33 yuan / ton on the first day and 243.33 yuan / ton on the 10th day, with a drop of about 3.95%.


Downstream: in winter, the construction of water treatment project is relatively small, and the downstream procurement has a great impact. At present, it has entered the coldest three or nine days of the year. The Spring Festival is not far away, and the construction ushers in the most slack season.


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Manufacturer: from December 19, 2019 to January 10, 2020, Gongyi factory, the main production area of Henan Province, received the notice of production suspension, all of them were shut down, and the manufacturer had sufficient stock. The vehicles under the fifth five year plan were shut down, and the freight cost increased. The manufacturer’s quotation was increased by 50 yuan / ton at first, and then some of its sub manufacturers were reduced due to weak demand.




1. In late July 2019, recently, the water purification and environmental protection enterprises in Yong’an Road sub district office of Gongyi City, Henan Province received the notice of production suspension, which requires: according to the analysis of the city’s environmental pollution status and future pollution weather, the municipal office requires all deep treatment enterprises to stop production before acceptance, and can resume production after scheduling or acceptance according to the office.


2. After resumption of production, the production will be stopped again: the production will be resumed for ten days in August, and it will be stopped again on 15th. According to the manufacturer, the production stop is more affected by the National Games held in Zhengzhou on September 8th. The local environmental protection inspection is strict, and all local enterprises in Gongyi are required to stop production for environmental protection treatment and maintenance.


3. After the National Games on September 8, the local manufacturers did not receive the notice of commencement immediately, and the strict inspection of environmental protection was in progress. In late September, local manufacturers in Gongyi began to resume production one after another, and the supply of goods gradually returned to normal.


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4. On December 19, Gongyi, the main production area of Henan Province, issued an emergency notice, requiring all enterprises to stop production and all goods transportation from now until January 1, 2020 in accordance with the spirit of the 16th scheduling meeting of Gongyi City for environmental pollution control. Zhengzhou municipal leaders will lead the supervision group to continuously supervise and inspect the implementation of management and control. If it is found that the implementation is not in place, the person in charge of the enterprise and the truck driver will be detained. The enterprise will be included in the blacklist of integrity, and the enterprise will be subject to top-level punishment. This notice is very strict for manufacturers and freight requirements, and manufacturers should stop production.


5. From the beginning of January to the 10th, 2020, Gongyi water treatment related enterprises in the main production area of Henan province did not start production, but continued to stop production. It is reported that local environmental protection often inspected, and the manufacturer’s inventory is sufficient.


Aftermarket forecast: according to the analysis of the business agency, the demand for the Spring Festival holiday is light and the supply of goods is sufficient; the manufacturer is in the period of production suspension and the upstream hydrochloric acid price has little impact. From the perspective of trend, the cost support of polyaluminium chloride is insufficient, the downstream demand is weak, and it is expected that the market will be stable in the future.

Crude oil plummeted as the US Iran conflict released a signal of easing

On January 8, WTI crude oil futures market fell to US $59.61/barrel, or US $3.09, while Brent crude oil futures fell to US $65.44/barrel, or US $2.83. The main reason was Trump’s public speech, which eased the worries about the escalation of the US Iraq conflict. Combined with the unexpected increase of EIA crude oil inventory in the US this week, the decline of crude oil rapidly expanded.


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“As long as I am still the president of the United States, Iran will never be allowed to have nuclear weapons,” Trump said in a national speech at the White House at about 11 a.m. local time on May 8


Trump said that the United States does not have to respond militarily to Iran’s attack on the U.S. military base in Iraq. Iran’s attack is in retaliation for the U.S. bombing of Iranian commander Sulaimani on January 3, and did not cause casualties when Iran attacked the U.S. air base in Iraq.


Turning to the issue of Middle East oil, trump said in his speech that after taking office, the United States has achieved energy independence and is the world’s largest oil and gas producer, “without Middle East oil”. At the end of the speech, trump said that the United States is ready to embrace peace.


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This led to a big shock in the global financial market and a rapid fall in the price of international crude oil.


In addition, the EIA announced that U.S. crude oil inventory increased by 1.164 million barrels to 431 million barrels in the week ended January 3, recording an increase after two consecutive weeks of decline, with the market predicting a decrease of 4.064 million barrels. WTI crude oil fell more after the data was released.


According to the business community, despite the temporary release of easing signals from the US Iraq conflict, the conflict still exists and the direction of the situation is uncertain. Therefore, in the short term, crude oil will continue to fluctuate broadly.

China’s 180CST fuel oil price held steady this week (12.23-12.27)

1、 Price data


As of December 27, the average price of domestic mainstream fuel oil distribution is 4558.00 yuan / ton, which is stable compared with 4558.00 yuan / ton at the beginning of the week.


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On December 27, the fuel oil commodity index was 92.31, unchanged from yesterday, down 20.36% from the highest point of 115.91 (October 17, 2018), and up 100.33% from the lowest point of 46.08 on August 15, 2016. (Note: cycle refers to 2011-09-01 to now)


2、 Analysis of influencing factors


Product: domestic fuel oil shipments this week are average, and the actual transaction price is about 4550 yuan / ton.


Industry chain: according to the monitoring of business agency, WTI crude oil in the United States was 60.44 USD / barrel at the beginning of the week, 61.68 USD / barrel at the end of the week, up or down 2.05%; Brent crude oil was 66.14 USD / barrel at the beginning of the week, 67.92 USD / barrel at the end of the week, up or down 2.69%. At present, the trade relations between China and the United States have eased, the global economic slowdown concerns have subsided, and OPEC countries will continue to reduce production.


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Industry: according to the price monitoring of the business association, in the 51st week of 2019 (12.23-12.27), there are nine commodities in the list of commodity prices rising and falling, among which the top three commodities are liquefied gas (3.12%), Brent crude oil (2.69%) and petroleum coke (2.08%). There are two kinds of commodities falling on a month on month basis, and one kind of commodities falling by more than 5%, accounting for 6.3% of the number of commodities monitored in this sector; the top two products falling are LNG (- 6.30%) and methanol (- 0.85%). This week’s average was 0.27%.


3、 Future forecast


Energy analysts of the business club believe that the international crude oil continues to rise this week, the domestic ship fuel market is generally traded, the ship fuel tax resources are tight, the ship fuel market as a whole maintains stable operation, and the downstream market is mostly stable to wait and see. It is expected that the fuel oil market price will be stable in the near future, or around 4550 yuan / ton.

TDI market consolidation operation this week (12.23-12.27)

1、 Price trend


According to the data of the large scale list of business agencies, the price trend of domestic TDI market is stable this week, and the average price of East China market is 11466.67 yuan / ton in the week, which is stable compared with the price at the end of last week, 38.02% lower than last year.


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2、 Market analysis


Products: this week, the domestic TDI market was consolidated and operated. The overall atmosphere of the market was general. The company made stable offers and delivered goods. The downstream market intention was weak, the demand follow-up was poor, and the transaction volume was insufficient. As of the 27th, the quotation of domestic goods with bills in East China was 11000-11200 yuan / ton, and that of Shanghai goods with bills was 11300-11400 yuan / ton. The overall market atmosphere was weak, the inquiry and purchase were not smooth, and most of the enterprises kept stable shipment.


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Industry chain: the upstream nitric acid price is mainly consolidated, and the average ex factory price in East China is 1600.00 yuan / ton in the week. The market of nitric acid industry is sluggish, the demand is fair, the quotation of enterprises is basically stable and weak, and it is expected that the nitric acid market will continue to be weak. In terms of toluene, influenced by the long holiday in Europe and the United States, the market fell in shock this week compared with last week. At present, the mainstream price in East China is about 5500-5550 yuan / ton. With the end of the long holiday in Europe and the United States, the toluene market is expected to have a shock rebound next week.


3、 Future forecast


According to the analysis of the Data Engineer of the business agency: the market atmosphere of TDI is weak, the business offers are cautious and stable, the downstream demand follow-up is poor, the stock of raw materials is abundant, the intention to enter the market is low, the inquiry and purchase are weak, the transaction volume is poor, all parties pay attention to the information of suppliers, the later TDI market or weak consolidation and transportation bank, and the factory news.

Analysis of antimony market in 2019

1、 Price trend of antimony ingot


According to the data monitoring of business agency, in 2019, the price of antimony ingot Market in East China was 50500 yuan / ton at the beginning of the year (01.01), 39125 yuan / ton at the end of the year, down 22.52% annually. The peak value of the year occurred on January 1, and the quotation was 50500 yuan / ton. In the year, the low value appeared on August 29, with the quotation of 37500 yuan / ton and the annual amplitude of 25.74%.


2、 Overview of antimony ingot Market


Since entering the market in 2019, the price of antimony ingot has entered a downward channel. Generally speaking, the market trading before and after the Spring Festival is very cold. Most manufacturers completed the stock purchase in advance at the end of January and entered the Spring Festival holiday. After the opening of the Spring Festival holiday, there are scattered transactions in the market, so the antimony ingot Market is relatively cold from January to February. After March, due to the influence of capital pressure, some manufacturers are eager to cash out, so they reduce the original high price and close to the price range that can be traded in the actual market. The overall market atmosphere is cold, the inventory of manufacturers is high, and the price drops. In addition, the market’s sentiment of buying up and not buying down depressed, and the actual transactions were mostly long orders, so it was difficult for the market to have demand support. Near the end of May, the price of antimony ingot has broken the 40000 yuan / ton threshold. Although the strong price sentiment of production suppliers is strong, the downstream purchase intention continues to be low, lacking the support of transaction, and the price is difficult to maintain stability. In June, the strong price sentiment of domestic mainstream enterprises was high, but in the past month, the demand side wait-and-see mood was strong. Some manufacturers and suppliers began to loose the sales price. From the actual demand side purchase situation, the small amount of terminal purchase is the mainstream, while the speculative demand is light, and the price of antimony ingot always hovers below 40000 yuan / ton. Then in the traditional off-season of July and August, the antimony ingot Market is difficult to improve. At the beginning of September, a large-scale domestic enterprise had a month’s maintenance plan news released, the manufacturer’s market price sentiment was obvious, the price rose by about 2000 yuan / ton in a short term, the market price continued to rise to the middle of October, with an average increase of about 2500 yuan / ton, and immediately ended the third quarter into the fourth quarter of the traditional peak season, the downstream stock was more active, the overall transaction of the market was good, some trade was good E-commerce is reluctant to sell, and the overall market atmosphere is good. In late October, the market price stopped rising and entered consolidation after a rapid rise. Both sides of the market began to test and wait for each other. After nearly a month of price stalemate game between the two sides, in late November, some manufacturers began to reduce their prices slightly and sell, resulting in a certain degree of price decline. However, nearly the end of the year, most manufacturers have basically completed their annual tasks, and will not make too much adjustment to the market. This price correction is also a small-scale fluctuation after the early rise, with limited impact on the market. Major domestic manufacturers Good price mentality is still strong. Near the lunar new year, most of the manufacturers have completed their tasks, and the market has entered the consolidation period again.


Capacity production


According to the statistics of antimony trioxide output of member enterprises of antimony branch of China Nonferrous Metals Industry Association, the output of antimony trioxide in October 2019 was 8610 tons, with a growth rate of 8.5% on a month on month basis and 7.4% on a year-on-year basis; the output of antimony trioxide from January to October was 76692 tons, with a growth rate of 8.2% on a year-on-year basis. From the perspective of the production of antimony trioxides by province and region, from January to October 2019, the top five provinces and regions in the production of antimony trioxides were: Hunan 48472 tons, accounting for 63.2% of the total production; Guangxi 14236 tons, Guangdong 6650 tons, Guizhou 4135 tons, Yunnan 3065 tons, accounting for 18.6%, 8.7%, 5.4% and 4.0% of the total production respectively..


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Relevant policies:


Ministry of ecological environment: enterprises with high environmental performance during heavy pollution period may not reduce emissions: on December 26, Ministry of ecological environment held a press conference. According to the comprehensive Department of the Ministry of ecological environment, it is necessary to urge local governments to improve the emergency emission reduction list of heavy pollution weather, classify 46000 key enterprises in Beijing, Tianjin, Hebei and surrounding areas, Fenwei plain and other key regions according to the environmental performance level, and take differentiated control measures. During the early warning period of heavy pollution, enterprises with high environmental performance level may not take emission reduction measures, while enterprises with poor performance level need to add Major emission reduction efforts. Through classified supervision and guidance, enterprises should consciously adopt higher standards to reduce emissions and actively contribute to improving the quality of ecological environment.


The Ministry of Commerce publicized and declared the list of enterprises with qualification for export of tungsten, antimony and silver in 2020-2021: in order to further strengthen the export management of rare metals and standardize the export operation order, according to the relevant provisions of the foreign trade law of the people’s Republic of China and the regulations of the people’s Republic of China on the administration of import and export of goods, the Ministry of Commerce will now declare and declare the export of tungsten, antimony and silver in 2020-2021 The list of e-qualification enterprises shall be publicized. 1、 The publicity period is from December 6 to 12, 2019. If you have any objection, please send the written opinion to the foreign trade department of the Ministry of Commerce before 17:00 on December 12, 2019 (subject to the time when the fax is received). 2、 This publicity only solicits opinions from listed enterprises, and does not accept new declaration. 3、 If the enterprise to be supplemented in the list can supplement relevant materials within the publicity period, it will be transformed into an enterprise that meets the application conditions, otherwise it will be treated as an enterprise that does not meet the application conditions. Contact unit: foreign trade department Resource Office Tel: 010-65197467 Fax: 010-65197434.

Chinese enterprises cooperate with Tajikistan in mining battery metal antimony: it is understood that a Chinese enterprise will cooperate with Tajikistan in mining battery metal antimony next year. Antimony can be used in the preparation of new anode materials because of its flame retardancy. Due to their good physical and chemical properties, antimony based and tungsten based materials have become one of the key materials for energy storage experts to study the negative electrode. It is understood that talco, the state-owned Aluminum Company of Tajikistan, aims to eventually produce 10% of the world’s antimony production. The cooperation with Chinese enterprises plans to produce 2.2 tons of gold, 15000 tons of antimony and 6000 tons of antimony oxide every year. Last year, Tajikistan produced 6.4 tons of gold.


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National Bureau of Statistics: in the three quarter, China’s GDP grew by 6% over the same period last year. In the first three quarters, faced with the complex situation of increasing risks and challenges at home and abroad, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments conscientiously implemented the decision making and deployment of the Party Central Committee and the State Council, firmly upholding the overall tone of the work, persisting in the new development concept, and continuously deepening the structural reform of the supply side. We will strengthen counter cyclical adjustment, focus on stabilizing employment, finance, foreign trade, foreign investment, investment and expectations, and focus on the implementation of various policies. The overall operation of the national economy will be stable, the economic structure will continue to be optimized, and people’s wellbeing will continue to improve. According to preliminary accounting, the gross domestic product in the first three quarters was 69779.8 billion yuan, an increase of 6.2% year-on-year at comparable prices. On a quarterly basis, the growth rate was 6.4% in the first quarter, 6.2% in the second quarter and 6.0% in the third quarter. By industry, the added value of the primary industry is 430.05 billion yuan, an increase of 2.9%; the added value of the secondary industry is 27786.9 billion yuan, an increase of 5.6%; the added value of the tertiary industry is 37692.5 billion yuan, an increase of 7.0%.


Outlook for the future


Next week is facing the cross year market. The domestic and foreign commodity markets are closed on New Year’s day on Wednesday. In the first half of the week, the market is cautious and the trading is light. In the second half of the week, at the beginning of the year 2020, the macro environment is still in a more optimistic mood. However, according to their own fundamental characteristics, each item may increase its position trading in the new year in an orderly manner. The spot market will also open a new page in 2020. It is expected that antimony market will enter the market in the short term The whole period.