1、 Price trend

According to the bulk data list of business society, the average price of domestic hips on September 3 was 12133.33 yuan / ton, down 67 yuan from 12200 at the beginning of the week, down 0.55% during the week and 2.15% month on month.

2、 Market analysis

The hiips market fell slightly this week, but the range was small, less than 1%. The benzene penetration market was relatively stable. Recently, the raw material styrene fluctuated and rose, but the demand dragged down the price, the shipment of hips enterprises was under pressure, the price decreased steadily, and the transaction atmosphere was relatively flat. With the maintenance plan of Ningbo Ineos benzene, there are certain advantages on the supply side, and the hips market may pick up. Up to now, the mainstream price of hips is mostly about 11700-14800 yuan / ton, and the price of benzene is mostly about 10500-11000 yuan / ton. The overall market situation is weak and stable.

In the international crude oil market, on September 3, the international oil price closed lower. The settlement price of the main contract in the U.S. WTI crude oil futures market was US $69.29/barrel, down US $0.70 or 1.0%, and the settlement price of the main contract in Brent crude oil futures market was US $72.61/barrel, down US $0.42 or 0.58. At the macro level, it was mainly because the employment data previously released by the United States was weaker than expected and generally worried about the prospect of economic recovery. However, the hurricane led to the reduction of oil production in the Gulf of Mexico, which provided support and limited the decline of oil prices.

In terms of raw materials, on September 3, the reference price of styrene was 8887.50, an increase of 1.14% compared with September 1 (8787.50). Styrene maintenance devices will be restarted one after another, the port will accumulate warehouses, and there will be device maintenance in the downstream in early September. It is just necessary to have a weakening expectation. There is little change in the fundamentals of styrene. It is expected that styrene will still follow the rise and fall of crude oil, fluctuate in the range, and mainly wait and see. Styrene is expected to remain volatile in the short term.

3、 Future forecast

The business agency believes that at present, the price of raw materials fluctuates obviously, but the demand is dragged down. It is expected that the hips market will be in a stalemate in the short term, and the price will fluctuate slightly.

1、 Price trend

According to the bulk list data of business society, the domestic propylene (Shandong) market price was under pressure this week. At the beginning of the week, the market was 7775 yuan / ton, and the weekend average price was 7617 yuan / ton, down 2.04%.

2、 Analysis and review

According to the price chart of business society, at the beginning of September, the propylene market was not as expected. At present, the mainstream price of propylene in Shandong market is 7600-7620 yuan / ton. Due to the lack of gas in the downstream, propylene enterprises have increased the pressure to sell goods and give up profits. Overseas, hurricane IDA hit the Americas, which is expected to affect the propylene production capacity of 3.35 million tons (accounting for 15% of the United States). Some Asian goods flow to the Americas, easing the pressure of supply and demand in Asia.

As of the closing on September 2: in October, WTI rose 1.40 to USD 69.99/barrel, or 2%; Brent rose 1.44 to $73.03 a barrel in November, up 2%. Sc2110 fell 1.4 yuan / barrel to 438.9 yuan / barrel. Crude oil fluctuated upward this week, with an increase of 1.82% during the week.

Polypropylene was under pressure this week, the market was in a stalemate, and the terminal demand support was insufficient, with a decrease of 0.2% during the week.

Acrylic acid continued to decline this week, with light demand performance, low enthusiasm for downstream market entry, more cautious wait-and-see, and the focus of market negotiation decreased, with a decrease of 3.28% during the week.

This week, the price of isopropanol fell due to the reduction of raw material cost, with a decrease of 4.37% during the week.

Judging from the rise and fall of this week, propylene is greatly affected by the demand for downstream products. Due to poor demand, enterprises are willing to give up profits and take away goods.

3、 Future forecast

Propylene analysts from the chemical branch of business society believe that crude oil is weak and volatile, and the demand side needs to be improved. It is expected that the propylene market will be weak and volatile in the near future.

According to the monitoring data of business society, as of August 31, the average ex factory price of domestic industrial dimethyl carbonate was 8433 yuan / ton. Compared with the price on August 1, 2021 (the reference price was 8233 yuan / ton), the average price increased by 200 yuan / ton, or 2.43%.

In the first half of August, supply and demand supported the growth of dimethyl carbonate by nearly 30%

In early August, the mainstream factories of dimethyl carbonate in Shandong and Anhui were shut down for maintenance. The supply of dimethyl carbonate was tight, the inventory was low, the supply was reduced, the spot shortage stimulated, and the purchasing sentiment of downstream factories of dimethyl carbonate was positive. With the two-way support of supply and demand, the domestic dimethyl carbonate market began to rise rapidly since the beginning of the month. On August 5, The average price of domestic dimethyl carbonate rose to 10333 yuan / ton, an increase of more than 25% in only four days compared with the beginning of the month. Subsequently, the market continued to explore slightly. On August 15, the average price of domestic dimethyl carbonate rose to 10667 yuan / ton, and the high-end quotation rose to 11200 yuan / ton, an increase of nearly 30% in half a month.

It is difficult to maintain the high level, and the price of dimethyl carbonate basically fell back to the beginning of the month in case of a rapid decline in the latter half of the year

In late August, dimethyl carbonate units in East China and Zhejiang Province resumed operation one after another. The supply of dimethyl carbonate in the site increased and the output increased. In addition, under the cost pressure of recent high price of dimethyl carbonate, the downstream had reduced procurement enthusiasm, general demand and insufficient favorable support. From the 16th, the ex factory price of dimethyl carbonate began to decline, The single day reduction range is around 200-300 yuan / ton, and the market starts a weak operation. On the 23rd, the domestic price of dimethyl carbonate plunged sharply, with a one-day decline of 800-1000 yuan / ton. In the following two days, the market continued to fall deeply. On the 26th, the factory reference price of dimethyl carbonate in Shandong was near 8100-8500 yuan / ton (apron), which was basically the same as that at the beginning of the month.

On the 27th, due to the parking of dimethyl carbonate equipment in Shaanxi, the supply in the yard was relatively reduced. In addition, the price of propylene oxide, the raw material, was supported by a slight upward trend recently. The market price of dimethyl carbonate increased slightly, with a range of 100-300 yuan / ton. As of August 31, the average export price of dimethyl carbonate in China was 8433 yuan / ton, which was 200 yuan / ton higher than that at the beginning of the month, an increase of 2.43%. At present, the downstream demand continues to focus on just need procurement, and the trading atmosphere on the site is general.

In terms of upstream propylene oxide, the propylene oxide market first rose and then stabilized in the first half of August, with a half month increase of 4.45%. At the beginning of the month, the mainstream quotation of propylene oxide Market in Shandong was around 16300-16400 yuan / ton, the factory inventory decreased, the burden of some Po units decreased, the supply side was slightly tight, the supply side supported the manufacturers’ mentality of supporting the market, the middle and lower reaches were cautious and active in preparing goods, the enterprise quotation increased, the market trading rhythm slowed down, the price operated stably under the supply-demand game, mainly waiting and sorting, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 16500-16600 yuan / ton. With the improvement of downstream polyether orders, propylene oxide manufacturers had no pressure, the market transaction was active, the price rose slightly, the market digested and sorted again, and the price operated stably. In the second half of August, the market focus of propylene oxide continued to decline, and the market stabilized after a slight rebound at the end of the month. On the 16th, the mainstream quotation of propylene oxide Market in Shandong was around 16700-16800 yuan / ton. The factory inventory pressure was controllable, which supported the manufacturers’ strong market mentality. However, the downstream follow-up was general, and the market was temporarily consolidated. With the continuous downturn of new downstream polyether orders, the purchase price of propylene oxide was reduced, the supply-demand game weakened, the market was lowered, and the enterprises delivered goods at a profit in late August, Downstream just needed orders began to release. With the smooth decline of the market, the price stopped falling and increased slightly after stabilizing. Near the end of the month, the market was temporarily stable and waiting. In August, the propylene oxide market rose first and then fell. Near the end of the month, the market stopped falling and stabilized after a slight rebound. The overall trend fell slightly in August. According to the monitoring data of business society, as of August 31, the average price of propylene oxide enterprises was 16033.33 yuan / ton, down 1.64% compared with August 1 (the reference price of propylene oxide was 16300 yuan / ton).

In terms of upstream dimethyl ether, the domestic dimethyl ether market fluctuated frequently in August, and the overall trend showed a shock rise. At the end of the month, the factory quotation of dimethyl ether in Hebei rose to more than 3500 yuan / ton, which was higher than that in the same period last year. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 3512.50 yuan / ton on August 1 and 3552.50 yuan / ton on August 30. The overall increase in August was 1.14%, with the largest amplitude of 2.08%, an increase of 60.99% compared with the same period last year. On the whole, the domestic dimethyl ether Market showed an up-down-up trend in August. At the beginning of August, due to the maintenance plan released by Henan xinlianxin, the market supply was expected to decrease, which boosted the mentality of the industry. The continuous rise in the civil price of liquefied gas also brought some support to the market. The main production area Henan increased slightly, and Shandong and Hebei increased slightly. However, due to the limited market benefits, the rise did not continue. Subsequently, the dimethyl ether Market was restrained by weak terminal demand and ushered in a downward trend. Until the middle of the month, there were many positive factors, and dimethyl ether returned to the upward trend. The methanol market rose strongly, and the increase of raw materials brought obvious support to the dimethyl ether Market. Moreover, the overall rise in international crude oil prices led to the rise of liquefied gas civil market. Most of the inventories of Henan manufacturers were at a controllable level, with a strong mentality. The prices rose one after another, and the rise continued until the end of the month. At present, most domestic dimethyl ether prices have risen above 3500 yuan / ton.

Future trend analysis

At present, the positive performance of the domestic dimethyl carbonate market is still insufficient, and the downstream demand has not improved significantly. Therefore, the dimethyl carbonate analysts of business society believe that in the short term, most of the dimethyl carbonate Market in China has been weak and mainly adjusted in a narrow range.

In August, the domestic butadiene market continued to decline. Although the external market was high at the beginning of the month, it still did not stop the decline of butadiene market. At the end of the month, the external market also began to decline, which could not be supported. In addition, major production enterprises lowered their quotations for many times, and butadiene ended miserably in August.

According to the sample data monitored by the business society, the domestic butadiene market price was 11312 yuan / ton at the beginning of the month and 10565 yuan / ton at the end of the month, with a decrease of 6.60% and a year-on-year increase of 96.11%.

In August, with the launch of new production capacity and the planned restart of some units, the supply side of the domestic butadiene market was widened to a certain extent. Some northeast enterprises recently resumed competitive sales, and the social supply of goods increased significantly. In addition, the start-up of synthetic rubber industry has decreased and the cost side is under pressure, which affects the supply and demand fundamentals of butadiene and is difficult to find a significant positive boost. However, the recent strong upward performance of the external market may support the downward space of the butadiene market. Although the external price performance was strong, due to the typhoon, the shipment of some domestic export sources was delayed, and there were many short-term shutdown of downstream devices, and the market demand performance was weak. The short-term market expectation is short. With the weakening of downstream inquiry intention, the focus of spot price continues to decline.

In terms of enterprises, the butadiene supply price of Sinopec’s sales companies has been reduced by 1400 yuan / ton month on month, and 10600 yuan / ton has been implemented as of August 31; The 120000 T / a butadiene unit of Liaotong chemical industry has been shut down for maintenance since July 14, 2021, and it is planned to restart around August 28; The 100000 t / a butadiene oxidative dehydrogenation unit of Jiangsu Sibang Petrochemical was restarted. The ethylene unit of Gulei Petrochemical was successfully started this week, and its 130000 T / a butadiene unit is expected to be put into operation around August 20; The 140000 T / a butadiene unit of Shandong Luqing Petrochemical was put into operation on August 19; The 135000 T / a butadiene unit of Lanzhou Petrochemical stopped for maintenance on August 13.

External: as of August 30, the external price of butadiene in Asia was stable: FOB Korea closed at USD 1625-1635 / ton; CFR China closed at US $1495-1505 / ton. The external price of butadiene in Europe is stable: FOB Rotterdam closes at US $2025-2035 / ton; FD northwest Europe closed at 1615-1625 euros / ton.

region ., Country, closing price, up and down

Asia FOB Korea USD 1625-1635 / ton USD 0 / ton

Asia CFR China 1495-1505 USD / ton USD 0 / ton

Europe FOB Rotterdam USD 2025-2035 / T USD 0 / ton

Europe FD northwest Europe 1615-1625 euros / ton 0 euro / ton

According to the price monitoring of the business community, in the list of commodity prices in August 2021, there were 59 kinds of commodities rising month on month in the chemical sector, including 29 kinds of commodities rising by more than 5%, accounting for 29.6% of the monitored commodities in the sector; The top three commodities were formic acid (48.35%), lithium carbonate (30.45%) and hydrochloric acid (29.41%). A total of 34 kinds of commodities decreased month on month, and 13 kinds of commodities decreased by more than 5%, accounting for 13.3% of the monitored commodities in this sector; The products with the first three declines were liquid ammonia (- 21.16%), chloroform (- 16.00%) and urea (- 13.43%). The average rise and fall this month was 3.39%.

Under the pressure of terminal demand, the domestic butadiene market continued to be depressed. Butadiene analysts of business society predict that the domestic butadiene market will be dominated by low-level consolidation in the short term.

1、 Price trend

According to the bulk list data of business society, the average price of domestic liquid caprolactam was 14300 yuan / ton on August 23 and 14450 yuan / ton on August 29. The price of caprolactam rose by 1.05% this week.

2、 Market analysis

As of August 29, Nanjing Dongfang caprolactam liquid price was 15000 yuan / ton, 400000 tons / year, the unit was started normally, and the caprolactam unit was in normal operation. Sinopec caprolactam liquid price is 14700 yuan / ton. The price of Baling Hengyi caprolactam liquid is 14700 yuan / ton, 450000 tons / year. The unit is started normally and delivered after acceptance. The price of caprolactam liquid of Baling Petrochemical is 14700 yuan / ton, 300000 tons / year. The unit is started normally and delivered after acceptance. Shandong Luxi Chemical caprolactam liquid price is 14200 yuan / ton, and the manufacturer’s production capacity is 300000 tons. The actual transaction can be negotiated.

This week, the raw material pure benzene stopped falling and turned up, and the price rose slightly compared with last week. The average price increased by 80 yuan / ton or 1.07% over last week. Crude oil rebounded strongly, and the oil distribution returned to above US $70 / barrel, supporting the recovery of pure benzene market mentality.

3、 Future forecast

Caprolactam analysts of business society believe that at present, some caprolactam enterprises have been overhauled and their supply has been reduced. The raw material pure benzene rose and the cost support was good. Downstream polymerization plants have general demand and low enthusiasm. The caprolactam market is expected to be high and strong in the short term.

1、 Price trend

According to the bulk list data of business society, the domestic propylene (Shandong) market price rose slightly this week. At the beginning of the week, the market price was 7756 yuan / ton, and the weekend average price was 7782 yuan / ton, an increase of 0.33%.

2、 Analysis and review

According to the price chart of business society, propylene prices continued to rise slightly this week. The mainstream price in Shandong market was 7780-7800 yuan / ton. The manufacturer adjusted the price flexibly according to its own inventory. The market is willing to push up, but the rising power is insufficient. The inventory situation of the enterprise is acceptable, the delivery of goods is stable, and the price is stable.

As of the closing on August 26: in October, WTI fell 0.94 to US $67.42/barrel, down 1.4%; Brent fell 1.18, or 1.6%, to $71.07 a barrel in October. Sc2110 rose 3.5 yuan / barrel to 432.5 yuan / barrel. Oil prices rose in retaliation this week, up 8.5% during the week.

The price of polypropylene was stable this week, the demand of terminal enterprises continued to be insufficient, and the hoarding operation in advance in the peak season has not been started. The operating rate is low, the supply side is slightly positive, and there is no rise or fall.

Acrylic acid fell from high to low this week. Due to high prices, there was resistance to high prices in the downstream, and the enthusiasm for inquiry was general. It was mainly just in need of procurement, with a strong wait-and-see atmosphere, with a decrease of 2.14% during the week.

Isopropanol stabilized this week. After a sharp increase last week, the market sorted and operated without rise or fall.

From the demand market this week, the demand follow-up is sluggish, most downstream products are in a stable or downward channel, and the demand support is insufficient, resulting in the weak rise of propylene price.

3、 Future forecast

Propylene analysts from the chemical branch of business agency believe that with the sharp rise in crude oil prices and the arrival of the traditional peak demand season in September, the propylene market is expected to usher in a wave of price rise.

1、 Trend analysis

According to the nickel price monitoring of the business society, the nickel price fell slightly this week. As of August 20, the nickel price fell slightly by 4.09%, the spot price was 142050 yuan / ton, down 4.09% from 148100 yuan / ton at the beginning of the week, up 10.86% from the beginning of the week and up 22.74% year-on-year.

Macro factors: this week, as the macroeconomic data in July showed that the downward pressure on the domestic economy increased and the domestic economic data were not optimistic, which triggered the demand for risk avoidance, the US dollar index rose sharply and suppressed the copper price. In addition, the market’s concern about the resurgence of the epidemic and future economic development has led to the continued decline of international oil prices and dragged down non-ferrous metals.

Supply: in June, the import volume of nickel ore and concentrate was 4.8383 million tons, with a month on month increase of 31% and a year-on-year increase of 40%; From January to June, the cumulative import volume was 16.4917 million tons, with a cumulative year-on-year increase of 32.8%. The Philippine rainy season ended and the import volume continued to recover. Under the tight overall supply pattern of nickel mines, the FOB price of nickel mines in the Philippines is high.

Downstream: Although the output of stainless steel has declined slightly, it has high production enthusiasm under the stimulation of profits, and pays attention to the news of production restriction; The price of nickel sulfate was slightly corrected, and the demand for nickel by new energy vehicles was still boosted.

To sum up: dragged down by macro factors this week, nonferrous metal prices are under overall pressure. After the rainy season in the Philippines, the supply is slightly loose and the downstream price has been corrected. However, LME nickel inventory continues to decline, which supports the nickel price. Nickel price is expected to maintain a wide shock pattern in the short term.

According to the monitoring of the business society, the price index of the domestic rare earth market fell, some prices in the domestic praseodymium neodymium rare earth market fell, and the legitimate prices in the heavy rare earth market fell. According to the rare earth sector index of the business society, the rare earth index was 595 points on August 19, down 2 points from yesterday and 40.50% from the highest point of 1000 points in the cycle (December 6, 2011), It is 119.56% higher than the lowest point of 271 on September 13, 2015（ Note: the period refers to the period from December 1, 2011 to now).

It can be clearly seen from the rare earth index chart that the prices of some rare earths in China have fallen recently, the prices of mainstream commodities in the rare earth market have fallen slightly recently, and the rare earth market has fallen. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic neodymium oxide, praseodymium oxide, praseodymium neodymium oxide and praseodymium neodymium alloy declined, and the price trend of praseodymium oxide and metal praseodymium was temporarily stable. As of August 20, the price of neodymium oxide in domestic rare earth was 615000 yuan / ton, down 1.2% this week; The price of neodymium is 765000 yuan / ton, and the price trend is temporarily stable this week; The price of praseodymium neodymium oxide was 612500 yuan / ton, down 1.76% this week; The price of praseodymium neodymium alloy was 765000 yuan / ton, down 0.65% this week; The price of metal praseodymium is 830000 yuan / ton, and the price trend is stable this week; The price of praseodymium oxide was 640000 yuan / ton, and the price trend fell by 0.78% this week. All products fell to varying degrees, and the light rare earth market fell.

The trend of products in the domestic rare earth market has declined, the supply and demand structure has not changed much, and the demand for high-end magnetic materials is normal. In the near future, China’s rare earth quota on the supply side may be steadily increased, and the supply rigidity is optimized. In addition, with the implementation of the new energy efficiency standards, the proportion of frequency conversion air conditioners in domestic household appliances, the penetration rate of Nd-Fe-B continues to increase, and the demand side is relatively normal. The sales of new energy vehicles are relatively normal, and the demand for rare earths is high. The main rare earth raw materials of high-performance Nd-Fe-B are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to statistics, the sales of new energy vehicles are still good. According to the data released by China Automobile Industry Association, China Automobile Industry Association (hereinafter referred to as “China Automobile Association”) released the latest production and sales data. In July, the domestic automobile production and sales reached 1863000 and 1864000 respectively, down 3.0% and 4.1% month on month and 15.5% and 11.9% year-on-year. Recently, the downstream demand is general, and the market price of light rare earth has dropped slightly.

As can be seen from the trend chart, the price trend of dysprosium Series in China fell slightly. As of the 20th, the price of dysprosium oxide was 2.635 million yuan / ton, and the price trend fell by 2.04% this week; The price of dysprosium ferroalloy was 2.59 million yuan / ton, the price trend decreased by 2.45%, the price of metal dysprosium was 3.42 million yuan / ton, and the price decreased by 1.44% this week. The price of domestic terbium series fell, the price of domestic terbium oxide was 8.15 million yuan / ton, and the price of metal terbium was 10.5 million yuan / ton. The transaction in the domestic rare earth market is normal, and the leading magnetic material factory is not active in purchasing, which makes the domestic heavy rare earth market price drop slightly. However, Myanmar prohibits export, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, the source of imported goods has been greatly reduced, the supply in the heavy rare earth market is general, the downstream procurement is not active recently, and the market price has dropped slightly.

The recent notice on carrying out industrial energy conservation supervision in 2021 emphasizes the comprehensive sorting and investigation of enterprises in key industries such as iron and steel, nonferrous metal smelting, petrochemical industry and building materials, and the special supervision on the implementation of mandatory energy consumption quota standards per unit product, so as to finally realize the full coverage of energy conservation supervision of enterprises in key industries during the 14th Five Year Plan period. In addition, Wang Jiangping, Vice Minister of industry and information technology, said at the video conference on industrial policies and regulations of industry and information system last week that efforts should be made to optimize the development environment of industrial enterprises, accelerate the legislation of telecommunications law, and promote the promulgation of rare earth regulations as soon as possible. Industry insiders believe that this reflects the strengthening of government control over the rare earth industry, which is conducive to the healthy development of the industry. Since 2021, the accelerated promulgation of the regulations on the administration of rare earth will, on the one hand, make the industry have laws to abide by and promote the rare earth industry chain to embark on the road of virtuous circle development; On the other hand, it reflects China’s determination to strictly control the supply order of rare earth and support the price of rare earth as an important strategic resource. The overall demand for rare earth products is OK, the downstream demand is normal recently, and the price of domestic rare earth market has fallen slightly.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning downstream of rare earth, the demand continues. In addition, the domestic rare earth supply starts normally. Recently, the on-site transaction has dropped and the procurement is not active. Chen Ling, an analyst of business society, expects that the rare earth market price may decline slightly in the later stage.

Recent price trend of hydrochloric acid

As can be seen from the above figure, the comprehensive price of hydrochloric acid in Shandong this week was temporarily stable, with the quotation of 263.33 yuan / ton, a year-on-year decrease of 20.20% compared with the same period last year. On the whole, the hydrochloric acid market was temporarily stable this week, and the hydrochloric acid commodity index was 69.30 on August 20.

The upstream support is general and the downstream procurement is weak

From the manufacturer’s quotation, the manufacturer’s quotation in the hydrochloric acid market this week is temporarily stable and the overall market is general. The quotation of Dezhou Shihua hydrochloric acid is 400 yuan / ton, and the quotation is stable temporarily; The quotation of synthetic hydrochloric acid from Wen Shui is 230 yuan / ton at the weekend, which is temporarily stable compared with that at the beginning of the week; Dezhou Maihua hydrochloric acid quoted 160 yuan / ton at the weekend, which was temporarily stable compared with that at the beginning of the week.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the market situation of upstream liquid chlorine is general and the support for hydrochloric acid is weak, while the high market price of downstream ammonium chloride has a positive impact on hydrochloric acid. Difficult delivery of hydrochloric acid is still a big problem.

Future forecast

The recent market of upstream liquid chlorine is general, the cost support is general, the market of downstream ammonium chloride is high, and the downstream purchase intention is not strong. Business analysts believe that hydrochloric acid is mainly subject to a slight shock in the near future.

The spot tin market price (8.13-8.20) fluctuated downward this week. The average price of the domestic market was 242100 yuan / ton at the beginning of the week and 239891.67 yuan / ton at the end of the week, down 0.91%.

On August 21, the tin commodity index was 122.20, unchanged from yesterday, down 2.75% from the highest point of 125.66 in the cycle (2021-08-18), and up 185.11% from the lowest point of 42.86 on December 9, 2015（ Note: the period refers to the period from September 1, 2011 to now).

In terms of futures, the US dollar index strengthened all the way under the influence of factors such as the reduction of stimulus measures by the Federal Reserve, up to a new high in half a year. The non-ferrous metal market was generally under pressure. Lunxi led the decline on Friday under the dual influence of 130 tons of LME inventory increase. As of the closing of Shanghai tin on the 20th, the settlement price of the main contract of Shanghai tin 2109 was 231240 yuan / ton, down 3.89%, and the overall decline was far less than that of Lunxi.

At present, the domestic spot tin inventory is mainly de stocking, and the overall supply is still tight. Downstream enterprises still maintain just needed procurement, but after the sharp drop in prices this weekend, the spot market inquiry and receiving goods are positive, the transaction atmosphere is significantly improved compared with the previous period, the prices of relevant smelters are falling, the market trading is active, and the overall willingness to receive goods in China is still strong. The production of manufacturers in Yunnan is relatively stable, the supply is better than that in the early stage, and some sources of goods will gradually enter the market, which will alleviate the current supply shortage.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 33rd week of 2021 (8.16-8.20), there are 5 kinds of commodities rising month on month in the non-ferrous sector, including 1 kind of commodity rising by more than 5%, accounting for 4.5% of the monitored commodities in the sector; The top three commodities were metallic silicon (7.58%), titanium concentrate (4.65%) and gold (0.71%). A total of 13 commodities fell month on month, and the top three products were copper (- 4.52%), nickel (- 4.09%) and dysprosium ferroalloy (- 2.45%). The average rise and fall this week was – 0.33%. Most nonferrous commodity prices fell this week.

In the future, the business community believes that under the current tight supply, the future tin price will remain high and oscillatory.