According to the price monitoring of the business club, this week (5.30-6.3), the domestic cocoon and silk market held more upward sentiment, and the price focus continued to move upward. As of June 2, the average price of the dry cocoon market remained 130000 yuan / ton, down 6.47% year-on-year. The average market price of raw silk was 388037.5 yuan / ton, up 1.05% from the beginning of the week and down 7.39% year-on-year. This week, the prices of raw silk contracts in the domestic raw silk electronic disk rose, and the transactions were active. On the spot, some factories seized the opportunity to make transactions, and some were reluctant to sell.

On the market of spring cocoons, according to the forecast of Guangxi Meteorological Bureau, affected by cold air and low vortex shear, the rainfall in Guangxi began to strengthen from June 3, and the strongest period was from June 4 to 6. Due to weather factors, the listing of fresh cocoons in Hechi and other places in Guangxi has been affected to a certain extent. Some factories have recently reduced cocoon collection, and the overall cocoon purchase price has little difference. The listing price of fresh cocoons in Yizhou is mostly about 42-46 yuan per kilogram, and that in Xincheng is mostly about 42 yuan per kilogram. The spring cocoons from Xiangyun, Dali and Heqing, one of the main production areas in Yunnan, were listed from the weekend to the beginning of this week. The 3-4-day acquisition period has basically ended. The cocoons are priced according to their quality.

On the demand side, with the deregulation of the epidemic situation, the production activities in the Yangtze River Delta are expected to gradually return to normal, and the end consumption is expected to improve month on month. However, the current global economic environment is generally poor, and the terminal is about to enter the traditional seasonal off-season. Under the pressure of high inventory, the space for load increase will also be limited. Therefore, it is difficult to be optimistic about downstream demand, and the demand side drive for silk terminal products in the future is still insufficient, However, attention should be paid to the phased replenishment of terminal stocks and the strength of domestic steady growth policies in the second half of the year. At this stage, the price mainly follows the cost fluctuation, and closely pays attention to the trend of cocoon price. At the same time, it also needs to pay attention to the demand recovery and the conflict between Russia and Ukraine.

According to the analysts of the business agency, since the spring cocoon came into the market this year, the cocoon silk has remained strong, and there is a great possibility that it will continue to rise in the future market. The raw silk market is greatly driven by the rising raw materials, but it is still necessary to observe the acceptability of downstream links.

Domestic cobalt price fell on June 1

According to the data monitoring of the business agency, the cobalt price fell on June 1, and the cobalt market continued to decline. On June 1, the cobalt price was 445500 yuan / ton, down 0.87% from 449400 yuan / ton on the previous trading day. The cobalt price continued its decline in May, and the cobalt market recovered indefinitely.

Key points of analysis

Cobalt price in LME market fell, MB cobalt price fell, international cobalt price fell, and the price difference at home and abroad weakened; The output of ternary batteries declined, and the demand of cobalt market was less than expected. Tesla and other new energy vehicle manufacturers resumed production, but the overall output has not yet recovered to the previous level. The inflection point of the epidemic is not yet clear. Enterprises have not fully recovered from large-scale resumption of work and logistics transportation. Mobile phone sales have fallen sharply, and the demand of cobalt market has fallen, and the recovery of short-term demand is less than expected. The price of cobalt salt fell sharply, the metal cobalt fell affected, and the pressure of cobalt price decline increased.

Aftermarket forecast

It is difficult to recover from the decline in demand, and the pressure on the cobalt price to fall is large. It is expected that the cobalt price will be adjusted by weak shocks in the future.

Price trend of domestic sodium pyrosulfite

According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to rise in May. The average price of industrial grade sodium pyrosulfite was 2816.67 yuan / ton on May 1 and 3166.67 yuan / ton on May 31, up 12.43% in the month.

Supported by the rising prices of upstream raw materials, in May, domestic sodium pyrosulfite manufacturers successively raised the factory price of sodium pyrosulfite, driving the domestic market price of sodium pyrosulfite to continue to rise. In late May, the domestic industrial sodium pyrosulfite market price ranged from 3000 to 3400 yuan / ton, and most prices were concentrated around 3200 yuan / ton.

In May, the price of domestic soda ash continued to rise, with an overall increase of 6.05% in the month. The price of sulfur continued to rise, with an increase of 12.73% in the month. The price of upstream raw materials continued to rise. The cost will further support the domestic sodium pyrosulfite market price in the future.

Aftermarket forecast

According to the analysts of business agency, under the dual support of cost and demand, it is expected that the overall domestic sodium pyrosulfite market price in June will continue to operate stably, moderately and strongly.

According to the bulk list data of business agency, as of May 30, the average price of domestic industrial lithium hydroxide enterprises was 463333.34 yuan / ton, a decrease of 1.42% compared with May 1, a year-on-year increase of 9.45% in a three-month cycle, and an increase of 430.53% compared with the same period last year.

In May, the domestic industrial lithium hydroxide market fell slightly. In the first half of the month, the upstream spodumene price was strong, the upstream lithium carbonate market fell, the lithium hydroxide Market changed little, the foreign lithium hydroxide market price was relatively strong, the domestic market demand was light, the market trading atmosphere was flat, and the market was weak and stable. In the second half of the month, the lithium hydroxide Market operated smoothly after a slight decline. The price of lithium carbonate in the upstream rose slightly, the cost support was strengthened, the supply side increased slightly, and the construction of the downstream high nickel material plant in the demand side recovered slightly. However, the market atmosphere was strong and the purchasing mentality was cautious.

Upstream lithium carbonate, upstream lithium carbonate. According to the bulk list data of business society, the average price of industrial lithium carbonate in East China on May 27 was 450000.00 yuan / ton, up 0.45% compared with the average price of last Monday (the average price of industrial lithium carbonate in East China on May 23 was 448000.00 yuan / ton), and down 3.02% compared with May 1 (464000.00).

According to the lithium hydroxide analysts of the business club, the price of spodumene in the upstream is high, the price of lithium carbonate in the upstream is rising slightly, the cost support is rising, the supply is increasing slightly, and the market inquiry atmosphere is slightly improved. However, the downstream purchasing mentality is still cautious. It is expected that the domestic industrial lithium hydroxide market may be stable and wait-and-see in the short term.

After three months, the price of ethylene oxide remains stable. Up to now, the latest price is 8200 yuan / ton in North China, South China, Northeast China and East China, and 8300 yuan / ton in Central China.

From the perspective of cost, the ethylene market is in sufficient supply. The overall valuation of domestic ethylene is low. The price of ethylene rises and falls during the month. The price difference between the beginning and the end of the month is almost the same. However, the external ethylene has continued to fall. CIF Northeast Asia fell from $1210 / T at the beginning of the month to $1070 / T at the end of the month, down $140 / T, or 11.57%. With the decline of raw material prices and the recovery of lost land by the RMB exchange rate, it is estimated that the profit margin of ethylene oxide theory will recover to around 250 yuan based on the current external price.

From the demand side, the current domestic epidemic situation is sporadic, and the epidemic control has brought many uncertain factors to the logistics and transportation. Under the interference of the epidemic, the construction in some areas is also greatly restricted. The operating rate of the mixing plant is poor, the real estate continues to weaken, the terminal payment collection is not ideal, and the recovery of infrastructure demand is not as expected. During the month, the production and sales were light, the monomer manufacturers were mainly de stocking, the dealers gave away the profits, and the market transaction price fell. Market participants said that in June and July, the infrastructure industry will face difficulties such as high temperature in summer and plum rain in the south, and the individual market in the later period is not very optimistic.

From the supply side, the market supply side fluctuates little, the supply of goods is sufficient, and the supply and demand side is still loose. Market participants said that although the far east alliance is expected to stop on the 28th, it has little impact on the overall weak situation of supply and demand.

On the whole, the demand side is weak, the price of raw materials is falling, and the center of gravity of ethylene oxide may move down.

According to the data monitored by the business agency, the quotation of Shanxi industrial grade first-class potassium nitrate at the beginning of the week was 7383.33 yuan / ton, and the quotation of Shanxi industrial grade first-class potassium nitrate at the end of the week was 7500.00 yuan / ton, an increase of 1.58% and a year-on-year increase of 66.67%.

potassium nitrate

The domestic potassium nitrate market continued to rise this week. It can be seen from the above figure that the potassium nitrate Market has shown a fluctuating upward trend in the past month, and the market continued to rise this week. Mainly because of the shortage of goods in the market, there are rumors about the rise of domestic potassium in the market. Driven by this news, potassium nitrate manufacturers continue to increase their quotation, and the market continues to rise. According to the statistics of business agency: this week, the quotation of mainstream domestic potassium nitrate manufacturers is 7300-7450 yuan / ton (the quotation is for reference only). The quotation is different according to different procurement conditions.

Recently, the domestic market price of imported potassium chloride is temporarily stable. At present, the price of 62% white potassium in the port is about 5300-5400 yuan / ton; The self raised price of 60% Dahong granules in the port is about 5100-5200 yuan / ton. 62% Russian White potassium in border trade is about 4900-5000 yuan / ton. The arrival price of domestic salt lake potassium chloride is about 4400-5000 yuan / ton. The high price of potassium chloride can give strong cost support to potassium carbonate.

Recently, the stock of imported potassium port is still declining, new border trade sources are gradually crossing the shore, and the market supply is still in short supply. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see. (the above prices are provided by the main potassium nitrate manufacturers all over the country and sorted and analyzed by the potassium nitrate analyst of business society. They are for reference only. Please contact the relevant manufacturers for more price details).

According to the price monitoring of business agency, on May 25, the average quotation price of domestic polyester staple fiber spot market was 8592 yuan / ton, up 0.12% from the previous trading day and 23.74% year-on-year. Today, the main contract of domestic staple fiber futures closed at 8294 in the morning, up 0.90% from the settlement price of the previous trading day, and the settlement price today was 8284. Staple fiber raw material futures closed mixed today, with PTA up 1.21% and ethylene glycol down 1.38%.

Boosted demand and tight supply, US oil hit the $111 / barrel mark today, and WTI’s main crude oil futures rose about 1% today to close near $110.8/barrel (as of 16:10). Since May, PX supply and demand has remained tight, and strong costs have driven PTA to close up slightly today. Recently, ethylene glycol inventory has accumulated, the downstream demand is poor, and the trend of ethylene glycol is sluggish. The strength of crude oil and PTA strongly supports the cost of staple fiber. However, due to the repeated outbreaks in many places and the return of foreign trade orders to Southeast Asia, the demand for textile terminals is still not ideal, and the inventory of yarn mills continues to accumulate.

Business analysts believe that the recent crude oil shock is relatively strong, and the cost side support of polyester staple fiber is strong. At the end of May, some staple fiber units were restarted and new production capacity was put into operation, and the supply is expected to increase. On the whole, polyester staple fiber is expected to be relatively strong in the short term.

Price: industrial grade lithium carbonate 448000 yuan / ton, battery grade lithium carbonate 467000 yuan / ton

Analysis: the price of lithium carbonate fluctuated slightly at the beginning of the week. At present, some small and medium-sized cathode manufacturers have gradually improved the epidemic situation in some areas due to the superposition of low inventory in the early stage, and the market confidence has increased. There is a need for small batch procurement. Due to the strong selling in the early stage and the decline of inventory, the market is reluctant to sell at this stage, and the market game mood is rising again.

Forecast: at present, the market inquiry volume has increased significantly. Today’s ore auction information further supports the price from the emotional side. It is expected that the short-term lithium carbonate price will be strong.

1、 Price trend

According to the data of business agency, the domestic maleic anhydride market price fluctuated and fell this week. As of May 22, the average price of benzene hydrogenation maleic anhydride remained at 10300.00 yuan / ton, down 0.32% from the average price of 10333.33 yuan / ton on May 16 and 11.71% from the same period last month.

On May 22, the maleic anhydride commodity index was 97.03, unchanged from yesterday, down 41.70% from the highest point of 166.43 in the cycle (2021-12-15), and up 89.59% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started basically stable. Recently, the downstream unsaturated resin market has started to rise slightly, dominated by rigid demand. As of the 22nd, the solid anhydride in Shandong was about 9500 yuan / ton, that in Jiangsu was about 9500 yuan / ton, that in Shanxi was about 9500 yuan / ton, that in Hebei was about 9500 yuan / ton, and that in South China was about 9500 yuan / ton.

Upstream, pure benzene rose in shock this week. The average price of pure benzene was 8867.17 yuan / ton on May 13 and 9067.17 yuan / ton on May 20, up 2.26% from last week. Supported by crude oil, external market and port inventory, the trend of domestic pure benzene is relatively strong in the short term, but most of the downstream are losing money and the pursuit of growth is weak. The price of main refineries is strong, and there is a short-term price difference with that in Shandong. The ex factory price of hydrogenated benzene in North China rose as a whole, from 8700 yuan / ton last weekend to 9012.5 yuan / ton this weekend, up 3.59% this week. In terms of n-butane, the price in Shandong was 6650 yuan / ton as of May 22.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is mainly sorted out, and the downstream resin manufacturers are mainly in need of purchase. The price of raw materials has risen, the benzene process has a significant loss, the supply has declined, and there is no obvious benefit in the downstream resin. It is expected that the maleic anhydride market will be mainly sorted in the near future.

According to the monitoring of business agency, the price of activated carbon was 10600 yuan / ton at the beginning of this week and 10666 yuan / ton at the end of this week, with a price increase of 0.63%.

At present, the price of activated carbon in China has increased slightly. At present, the ex factory price of activated carbon for coconut shell water purification in East China is between 9500-12000 yuan / ton; Due to the improvement of logistics and transportation restrictions in the market, most dealers are optimistic. Some terminal merchants replenish goods appropriately in the market, and the market quotation is strong.

The raw materials of activated carbon are rich, including coal, sawdust, fruit shell and straw. Activated carbon suitable for water treatment is prepared through a series of processes. At the same time, activated carbon manufacturers are constantly improving the performance of activated carbon, increasing its working capacity and effectively adsorbing and purifying wastewater.

Forecast: in the short term, the price of activated carbon may be dominated by strong shock. Please contact the manufacturer for specific price consultation and negotiation.