According to the nickel price monitoring of the business community, the spot price of nickel on September 25 was 109,375 yuan / ton, up 1.17% from the previous day and up 28.43% year-on-year.

Nickel prices have recently risen better. On the one hand, China’s infrastructure projects have expanded, and key projects in Xinjiang’s new construction focus on water conservancy, transportation, energy, industry and people’s livelihood construction, which will benefit basic metals. On the other hand, the demand for high-nickel batteries for new energy vehicles is growing at a high rate, nickel ore is scarce, and the possibility of future increases is high. The continued decline in LME and inventory in the previous period has supported nickel prices. In addition, during the peak season of consumption in September and October, nickel demand is expected to improve and nickel prices are rising.

The market outlook: Before the trade war was exhausted, the recent interest rate hike program of the Fed, the arrival of the peak season, nickel demand or better, is expected to be strong in the short-term shock of nickel prices.

First, the price trend:

According to the price monitoring of the business community, the domestic crude benzene market price increased slightly this week, and the quotation closed at 5,248 yuan / ton, an increase of 2.75%.

Second, the market analysis:

Product: The price of crude benzene in China is large this week. As of Friday, the mainstream price in Shandong was around 5,260 yuan / ton; the mainstream price in Shanxi was around 5,000 yuan / ton; the mainstream price in Inner Mongolia was around 5,400 yuan / ton.

Industry chain: The crude benzene market fell slightly this week. The price of hydrogenated benzene in the downstream continued to fall back by about 200 yuan, but the profit fell. The crude benzene continued to rise in the late stage and the resistance was relatively high. Prices are expected to continue to fall.

Third, the trend forecast:

The crude benzene analyst of the business community believes that there has been a slight correction and it is expected to continue to call back later.

On September 12, the metal zinc market in the domestic market fell. The average price of metal zinc in the domestic spot market was 21385.00 yuan/ton, down 0.50% from the previous trading day; the average ex-factory price was 21940.00 yuan/ton, compared with the previous trading day. The price fell by 0.52%.

On September 11, the zinc (market) commodity index was 122.77, down 1.66 points from yesterday, down 21.19% from the highest point of 155.77 points (2017-10-09) in the cycle, compared with the lowest point of 72.28 points on November 22, 2015. It has risen by 69.85%. (Note: Period refers to 2011-09-01 to date).

On September 12, the price of zinc fell, and the recent zinc price fluctuated. On September 12, domestic zinc prices fell, and prices fell by around RMB 100/ton. The overall demand of the zinc market has not changed significantly, the market performance has struggled, and the zinc warehouse inventory has increased. However, the Shanghai futures market has a limited growth in recent inventory, which is still at a low level in the same period. On September 12, the Shanghai futures market had 2,868 tons of zinc ingots and 374 tons of inventories. The market activity of zinc ingots was poor, and the overall transaction volume was low.

Market outlook: After the market outlook, market demand has not improved significantly, and zinc prices have not been able to rise. The recent increase in market supply has led to a decline in zinc prices, but the inventory of futures zinc ingots is at a low level, and zinc prices will not cause a large decline. The demand environment has not changed, the zinc price growth in the market is weak, and the supply is limited. It is difficult for the zinc price to fall sharply. It is expected that the zinc price in the market will fluctuate and adjust.

According to the price monitoring of the business community, the domestic crude benzene market price increased slightly this week, and the price closed at 5,369 yuan / ton, an increase of 2.74%.

Second, the market analysis:

Product: The price of crude benzene in China is large this week. As of Friday, the mainstream price in Shandong was around 5,450 yuan / ton; the mainstream price in Shanxi was around 5,300 yuan / ton; the mainstream price in Inner Mongolia was around 5,400 yuan / ton.

Industry chain: The crude benzene market fell slightly this week. The price of hydrogenated benzene in the downstream continued to retreat by about 100 yuan, but the profit declined. The crude benzene continued to rise in the late stage and the resistance was relatively high. Prices are expected to continue to fall.

Third, the trend forecast:

The crude benzene analyst of the business community believes that there has been a slight correction and it is expected to continue to call back later.

First, the price trend

According to the data monitoring of the business community, the cobalt market fluctuated in August, and the cobalt price fell in the shock. As of August 31, the price of cobalt was 48,6875.00 yuan / ton, compared with 498,166.66 yuan / ton of cobalt at the beginning of the month, the price of cobalt rose by 2.27%, up 13.53% over the same period last year.

Second, the market analysis

Product aspect

In August, the average price of domestic and international metal cobalt market fell. The price of cobalt sheet (content ≥99.8%) of Wuxi Stainless Steel Trading Center fell. As of August 31, the price of cobalt was 466,000-496,000 yuan/ton, compared with the price of 485000-518000 yuan/ton at the beginning of August, and the price dropped by 20,000 yuan/ton. The spot cobalt offer in the London LEM market fell from $66,750-672,050/ton at the beginning of August to $64,000-$64,500/ton at the end of August, and the cobalt price fell by $2,750/ton in August. Overall, the price of cobalt in the market fluctuated and fell in August. Both domestic and international cobalt prices fell, and the price of cobalt was weak. However, compared with the previous period, the decline in August has decreased. The cobalt price tends to be stable.

Data statistics

According to the statistics of China Association of Automobile Manufacturers, in July, the production and sales of new energy vehicles were completed 90,000 and 84,000 respectively, an increase of 53.6% and 47.7% over the same period of the previous year. From January to July, the production and sales of new energy vehicles were 504,000 and 496,000, respectively, an increase of 85% and 97.1% over the same period of the previous year. The output of new energy vehicles in July increased compared with that in June, but the sales volume was basically maintained. The performance of new energy vehicles is still strong, but the growth rate has slowed down compared with the previous period. The slowdown in the growth rate of new energy vehicles has caused the market to lower the demand for cobalt and affect the rise in cobalt prices.

Policies and regulations

The Ministry of Finance, the State Administration of Taxation, the Ministry of Industry and Information Technology, and the Ministry of Transport issued the Notice on the Preferential Policies for the Promotion of Vehicle and Vessel Taxes for Energy-Saving New Energy Vehicles and Vessels (hereinafter referred to as the “Notice”), which proposes that the new energy vehicles and vessels are exempt from vehicle and vessel tax. . The exemption of the vehicle and vessel tax has promoted the accelerated development of new energy vehicles and ships, and has played a certain role in promoting the demand for cobalt in the market. The policy is difficult to change the weakness of the supply and demand fundamentals, and the cobalt price has not shown signs of rebounding.

Third, the outlook outlook

In August, the cobalt market fluctuated and adjusted, it was difficult to change the downward trend of cobalt prices, but the overall decline in cobalt prices in August was slower than the previous period. Baijiaxin, a data analyst of the business community, believes that the national policy was favorable in August, and the new energy vehicles and ships were exempted from the vehicle and vessel tax, which objectively promoted the demand and rise of the cobalt market, ensured the stability of the cobalt price, and the growth rate of new energy vehicles must be To a certain extent, the demand for cobalt is maintained, and metallic cobalt performs well at the demand side. However, affected by the Sino-US trade war, the growth of the macroeconomic environment slowed down, and the economic slowdown affected the automobile industry. The new energy automobile industry dragged down the growth, which indirectly affected the demand of the cobalt market and limited the strength and speed of the rebound of cobalt prices. The city has not shown signs of a rebound. It is predicted that the price of cobalt in the market will fluctuate and adjust, and the price of cobalt will still fall in the short term. However, with the steady development of new energy vehicles, the risk of Congo’s gold supply side has increased. It is difficult to have a large room for decline in cobalt prices in the near future.