Monthly Archives: April 2021

Lack of positive ,ammonium sulfate Market stable (4.19-4.25)

1、 Price trend

povidone Iodine

According to the monitoring data of the business agency, the average price of domestic ammonium sulfate was 906 yuan / ton on April 19 and 906 yuan / ton on April 25, which was stable this week.

2、 Market analysis

The price of ammonium sulfate is stable this week. The market demand of coking grade ammonium sulfate is limited, and the trading of domestic grade ammonium sulfate is acceptable. By the end of the week, the mainstream ex factory price of coking grade ammonium sulfate in Shandong was 800-850 yuan / ton, that in Hebei was 770-830 yuan / ton, that in Shanxi was 750-840 yuan / ton, and that in Northeast was 700-800 yuan / ton.

The overall price of compound fertilizer in the lower reaches was stable this week, and fluctuated slightly in some areas. The market is short of good news and the demand for ammonium sulfate is limited. This week is still deadlocked operation.

3、 Future forecast

Business agency ammonium sulfate analysts believe that the current demand for coking grade ammonium sulfate is insufficient and the transaction is weak. The lower reaches are mostly just in need of replenishment, the market atmosphere is weak, and the price is difficult to rise. It is expected that ammonium sulfate Market will be weak in the short term.

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Calcium carbide prices in Northwest China rose 2.87% (4.19-4.23) this week

1、 Price trend

calcium peroxide

As can be seen from the above figure, the factory price of calcium carbide in Northwest China rose this week. The average price of the factory quotation of the mainstream manufacturers of Northwest calcium carbide rose from 4066.67 yuan / ton at the beginning of the week to 4183.33 yuan / ton at the weekend, up 116.66 yuan / ton, or 2.87%, up 80.58% compared with the same period last year. Overall, the market for calcium carbide rose this week, with the calcium carbide commodity index of 109.61 on April 23.

2、 Trend analysis

From the manufacturer’s quotation, the factory price of calcium carbide in Northwest China increased this week: ovicana energy offered 4200 yuan / ton of calcium carbide this weekend, up 150 yuan / ton compared with the beginning of the week; This weekend, the price of carbide of Inner Mongolia China Federation is 4250 yuan / ton, which is up 200 yuan / ton compared with the beginning of the week; The quotation of calcium carbide in Xingping of Ningxia is 4100 yuan / ton this weekend, which is stable compared with that at the beginning of the week.

From the upstream and downstream industrial chain of calcium carbide, the upstream raw material market, this week, the factory quotation of Lancang was high consolidation. The quotation of small materials is 700 yuan / ton this weekend, which is stable compared with the beginning of the week; The quotation of Chinese materials this weekend is 750 yuan / ton, which is stable compared with the beginning of the week; The quotation of bulk materials is 800 yuan / ton this weekend, which is stable compared with the beginning of the week. The upstream raw material price is high consolidation, and the cost support is strong, which has a positive impact on the price of calcium carbide.

Downstream market, PVC factory prices this week rose slightly. PVC quotation rose from 8912.50 yuan / ton at the beginning of the week to 8937.50 yuan / ton at the weekend, up 0.28. It was up 64.37% year on year. PVC prices rose slightly this week, the market was better, and downstream enthusiasm for calcium carbide procurement increased. Overall, it seems that the PVC market this week has a positive impact on the price of calcium carbide.

3、 Future forecast

In late April, the calcium carbide market was mainly up in a small fluctuation. The raw material, orchid carbon, has a small increase in price, and the cost of calcium carbide is better supported. Downstream PVC market recently high consolidation, weekend has a trend of rise. The market forecast that the price of calcium carbide in Northwest China will rise slightly in late April.

Potassium monopersulfate

South Korea imported more than 10 million barrels of US crude oil in March

According to Singapore oil news on April 22, 2021, as the official price of Middle East crude oil (OSP) continues to rise, local refiners in South Korea gradually turn to North American crude oil instead of Persian Gulf crude oil supply, and the sharp rise in the price difference between Brent crude oil and Dubai crude oil makes US crude oil supply more attractive to Asian buyers, In March, South Korea imported more than 10 million barrels of U.S. crude oil for the first time in nearly a year.

EDTA

According to the latest statistics released by the General Administration of Customs of South Korea, South Korea imported 1.448 million tons or 10.61 million barrels of U.S. crude oil in March, an increase of 22.1% over February, which is the highest monthly import volume since 14.83 million barrels of U.S. crude oil were imported in April 2020.

However, compared with the same period last year, South Korea’s US crude oil imports fell by 19.9% in March, the 11th consecutive decline.

Novel coronavirus pneumonia is not a big source of oil in China, because of the continuing downturn in the demand for gasoline and diesel, especially aviation fuel in the Korean new pneumonia epidemic, and the purchase of a large number of crude oil rich in light and medium distillate oils (including WTI midland and eagle Ford crude). South Korea, Asia’s fourth largest oil consumer, has been slashing U.S. crude oil imports since the end of the second quarter of 2020.

Nevertheless, the 11 million barrels of U.S. crude oil that arrived in South Korea in March showed a shift in thinking about raw material procurement and arbitrage trading for major refineries in South Korea as Middle East crude oil looks expensive, said a market research analyst with the Korea Petroleum Association, However, the demand for middle distillates in China and Asia improved slowly with the relaxation of liquidity restrictions.

In the second and third quarters of this year, South Korea is expected to import at least three giant tankers or about 6 million barrels of US crude oil per month on average.

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Methanol maintained a strong pattern

Last week, after the domestic methanol futures completed the month to month shift, the main 2109 contract stopped falling and rose again at the first line of 2320 yuan / ton, and the futures price returned to the top line of 2450 yuan / ton. Recently, most of the methanol enterprises in Northwest China are still in the state of sales suspension and limited supply, the supply pressure is greatly reduced, the demand for downstream olefins is still strong, the maintenance of overseas units is more, the low inventory pattern of ports continues, and the supply and demand are tight, which is expected to support the methanol operation.

 

Sodium selenite

Domestic methanol supply Limited

 

From the supply side, under the background of seasonal maintenance and dual control of energy consumption, the overall inventory pressure of most enterprises in the main methanol production areas in recent years is not large, the market circulation source is not much, some manufacturers stop selling operation, and limited loading, so the bullish atmosphere of traders is becoming stronger. Data show that since mid April, most methanol enterprises in Northwest China have taken measures to stop sales and limit sales, such as Rongxin, Xinao, Kaiyue, Yankuang, Shilin and other methanol production enterprises. In the short term, the spring inspection of methanol production capacity has not been completed, the supply pressure has not recovered significantly, and the spot methanol performance is strong. According to statistics, as of the week of April 16, the average operating rate of China’s methanol industry was 76.74%, slightly higher by 1.48% on a week-on-week basis. Since the beginning of April, the spot price of methanol in Jiangsu has risen steadily, with the highest price of 2485 yuan / ton. On the whole, the mainland is in short-term shortage, and the producing areas are willing to support the price.

 

There are too many overhauls of overseas units

 

In terms of international methanol, at present, overseas methanol maintenance capacity is too much, and the supply source is insufficient. Although Iran’s FPC methanol plant with an annual output of 1 million tons has been restarted after half a month of shutdown and maintenance, Iran’s Kimia methanol plant with an annual output of 1.65 million tons has been temporarily shut down due to pipeline problems, and the restart time is yet to be determined. At the same time, Iran’s ZPC methanol plant with an annual output of 1.65 million tons is scheduled to be overhauled in mid May. Therefore, Iran’s methanol supply is in a tight state from late April to mid May. Iran, as a major supplier of methanol to China overseas, has more unit maintenance, which means that the external supply pressure is reduced.

 

In addition, the 2.45 million ton methanol plant of mhtl in Trinidad and Tobago was shut down due to the problem of raw materials, and the restart time has not been determined. Under the background of multiple unit maintenance, it is difficult to find low-cost sources of methanol in overseas market. It is understood that recently, the quotation center of methanol market in Europe and the United States has steadily moved up. Among them, the price of methanol market in Europe has rebounded to 320 euro / ton, while that in the United States has risen to 403 US dollars / ton, with a month on month increase of 2% – 3%.

 

Domestic port inventory accumulation cycle delayed

 

At present, there is still a gap in the overseas methanol supply side, so the cargo imported to China is limited, and the accumulation cycle of domestic port methanol inventory is delayed. Although there will be a slight increase in the shipment of methanol arriving at the port in late April, it is estimated that the methanol arriving at the port in coastal areas will be about 635000 tons from April 16 to May 2. However, in the near future, the liquid chemicals will be discharged to the port, and the methanol import ships will have to queue up to unload, so the unloading period will be extended again. Therefore, the accumulation period of domestic methanol ports will be delayed in the future.

 

In general, due to the shortage of supply sources in domestic and international methanol markets, the delay of port inventory cycle, and the mismatch between supply and demand, the methanol futures price maintains a strong trend. It is expected that the methanol 2109 contract will continue to be strong before May 1.

Stannous Sulphate

Shandong sulfuric acid price rose 3.03% (4.12-4.16) this week

1、 Price trend

 

Bacillus thuringiensis

This week, the distribution price of sulfuric acid in Shandong increased, from 550.00 yuan / ton at the beginning of the week to 566.67 yuan / ton at the end of the week, an increase of 3.03%, up 98.83% compared with the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index at 88.20 on April 16.

 

2、 Market analysis

 

From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province rose this week, with large inventory and general downstream demand. At the weekend, Heze Jiangyuan quoted 680 yuan / ton, up 50 yuan / ton compared with the beginning of the week; Zouping Tianlu quoted 570 yuan / ton at the weekend, temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 450 yuan / ton, temporarily stable compared with the beginning of the week.

 

From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. Moreover, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream are also rising, which has a positive impact on sulfuric acid.

 

3、 Future forecast

 

In late April, the sulfuric acid Market in Shandong may rise slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or small shock rise.

Chitosan oligosaccharide

Active carbon market trading light, price down

According to the monitoring of business news agency, the price of activated carbon was 9733 yuan / ton at the beginning of this week, and 9666 yuan / ton at the end of this week, down 0.68%.

 

Chitosan oligosaccharide

At present, the ex factory price of activated carbon for coconut shell water purification in East China is about 7000-12000 yuan / ton; the domestic activated carbon market has not changed much, and the quotation is stable. With the flexibility of traders, the terminal demand has not changed significantly. The factory still purchases on demand to meet normal production, and the overall trading atmosphere is flat.

 

The main raw materials in the upstream of activated carbon, such as coconut shell, fruit shell and charcoal, were supported by cost pressure, and the demand turned better; the cost support of coal-based carbon raw materials was weak. Downstream electricity, medicine and other demand industries are purchasing goods on a single basis. The market of activated carbon for air purification and water purification is good, and the market of activated carbon is boosted by environmental protection policies.

 

Forecast: the overall market of activated carbon market is mainly stable, and some offers are slightly down. It is expected that the activated carbon market will be mainly volatile in the short term.

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Multiple positive factors support propylene glycol price to rise more than 9% in the four days

According to the monitoring data of the business agency, as of April 12, the reference ex factory price of domestic industrial grade propylene glycol was 16766 yuan / ton. Compared with April 8 (reference price was 15333 yuan / ton), the average price increased by 1433 yuan / ton, or 9.35%. Compared with April 1 (reference price 15900 yuan / ton), the average price increased by 866 yuan / ton, or 5.45%.

 

Azodicarbonamide (AC foaming Agent)

Multiple positive factors supported propylene glycol’s 4-day rise by more than 9%

 

In April, the trend of raw material cyclopropane was weak, and the support for propylene glycol was reduced. Since the beginning of this month, the overall price of domestic propylene glycol market was weak and fell slightly. The transaction of low price propylene glycol was relatively smooth, and the stock pressure on the floor was small. Since the 8th, the price of propylene oxide, the raw material, has been continuously callback, and the support for the cost of propylene glycol has been gradually strengthened. In addition, the sudden increase of propylene glycol export orders has led to the low level of propylene glycol inventory in the market. The domestic downstream demand gap is large, and the factories sell more single products. The overall trading atmosphere of propylene glycol is still good, and the ex factory price of propylene glycol has risen sharply. On the 12th, the domestic propylene glycol market price continued to rise, Shandong wells propylene glycol factory price rose to 17000 yuan / ton, compared with the price of 15300 yuan / ton on the 6th, the price rose 1700 yuan / ton. At present, the reference factory price of propylene glycol in Shandong is around 16500-17000 yuan / ton. Compared with the 8th, the price has increased by 1200-17000 yuan / ton, and the average price has increased by 1433 yuan / ton, with an increase of more than 9% in 4 days. At present, the high-end quotation is 18000 yuan / ton, with few high-end price transactions, and the overall market trading atmosphere is tense.

 

In terms of raw materials, after the Qingming Festival, the market price of raw material propylene oxide rebounded slightly after reaching the bottom. After the festival, the factory pressure was relieved, and the market price rose slightly. The price remained stable at 17900-18000 yuan / ton at the weekend. At present, cyclopropane and its downstream derivatives are still generally at a relatively high level, domestic trade is cautious, terminal small band just need to purchase, propylene oxide factory inventory remains low, inventory pressure is small. The attitude of the operators is moderate.

 

Export is still good in the short term, propylene glycol changes limited, multidimensional stable high run

 

At present, the trading atmosphere of propylene glycol is fairly active. On the supply side, after an unexpected short stop in Shandong shidashenghua Jining production area, I heard that there is a plan to resume driving in the near future. The supply of propylene glycol will increase with the increase, but the export orders from the demand side are still supporting, and the propylene glycol inventory in the yard can still be at a low level. Therefore, business community propylene glycol analysts believe that in the short term, the fundamental changes in the propylene glycol market are limited, and the overall market is mostly stable and high-level operation. In particular, we need to pay close attention to the changes in the supply and demand side of cyclopropane as well as the changes in the mentality of practitioners.

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Urea reduction increases and signs of stabilization increase

During the Qingming Festival, the price of urea in many places continued to decline. At present, the mainstream ex factory price of urea in Shandong is 2080-2100 yuan (ton price, the same below), the receiving price of urea in Linyi is 2110-2120 yuan, the mainstream ex factory price of urea in Hebei is 2110-2120 yuan, the mainstream ex factory price of urea in Henan is 2060-2080 yuan, the mainstream ex factory price of urea in Shanxi is 2020 yuan, and the price of big granule is 2 yuan However, after the Qingming Festival, the quotations of various regions have stabilized. In addition, some enterprises in Shandong and Inner Mongolia have stopped production and limited production due to plant problems. In addition, some enterprises are still in the process of stopping production in the near future. According to statistics, the physical output of urea in China is about 156000 tons, which is nearly 2000 tons less than that before the Qingming Festival. Although the overall output is higher than that of the same period last year, there are more signs of enterprise stabilization after the reduction Considering the demand of the industrial market, the market performance has slightly improved. However, judging from the current situation, the price of urea is still likely to decline, mainly reflected in the following aspects:

 

First of all, there are too many low price goods in the market. Because the price rose too fast last time, most enterprises focused on the export market, and the overall domestic price was relatively low. Although the transaction price was different at that time, it was mostly lower than the current enterprise’s quotation. In the early stage of the enterprise’s main export market, because the export quantity was relatively low, most enterprises had little to consume at present, even if there were domestic orders waiting to be issued, but the price was low After the arrival of the goods, the downstream market has limited ability to accept the high price. At present, the goods in circulation in the market are still inversely linked to the price implemented by the factory at the present stage. In addition, the second batch of goods of light storage have started to be sold recently. Even if the price of urea has gone up recently, the price of urea is relatively low. If the enterprise wants to stabilize the shipment, the price may still decline.

 

Secondly, the supply pressure is relatively large. Even though the recent reduction of urea production, the domestic urea output remains at a relatively high level, and in the near future, some enterprises that stop production and limit production are about to resume production. According to the resumption time of each factory, the urea output will return to more than 160000 tons by April 10 at the latest. Without a large amount of demand as the premise, such a high output rate will make the factory become more passive and the price is low On the other hand, there is also the possibility of backflow in ports: because the bidding amount of this time is lower than the expectation of the domestic market, but the number of port deposits is relatively large, some port traders may sell goods in ports for the purpose of capital backflow.

 

Finally, the actual market demand is not too large. At the present stage, agricultural demand in some regions still exists, and the market demand for industrial high nitrogen fertilizer is not small. However, it is learned from the market that the start-up of agricultural demand in many places is not unified. According to the feedback of compound fertilizer enterprises, their own raw material urea inventory is relatively sufficient, there is no large amount of procurement in the short term, and there are relatively more downstream watchers, so the price may decline.

 

To sum up, there is a slight sign of stabilization in the urea market in the near future, but the price of urea in the market is still in the upside down stage at the present stage. In view of the current supply and demand relationship, it is not enough to support the stabilization of urea, and urea may decline in the later stage.

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OPEC cuts daily oil demand growth forecast

According to foreign media reports, on March 31 local time, the OPEC Joint Technical Committee lowered its forecast for the growth of global oil demand in 2021 to 5.6 million barrels from the previous 5.9 million barrels.

 

At the meeting of the Joint Technical Committee held on March 31, OPEC Secretary General barjindo said that despite further positive progress in world vaccination and financial stimulus in the first quarter, the economic environment is still full of challenges, complexity and uncertainty. Baljindo said that the forecast of global crude oil demand in 2021 will be slightly adjusted, and the daily demand will increase by 5.6 million barrels. “It should not be forgotten that the average daily demand in 2020 dropped sharply by 9.6 million barrels.”

 

At present, the international oil price continues to fall after hitting the high point in the early stage, because although the progress of vaccination is accelerating, there is a very unbalanced phenomenon in the world, and the epidemic situation is accelerating in some parts of the world. In the United States, due to the relatively smooth progress of vaccination and obvious signs of economic recovery, according to the OPIs data of IHS Markit, gasoline sales have been 16% higher than the pre epidemic level.

 

However, due to the slow vaccination in Europe, the epidemic situation revived, and many countries implemented stricter blockades again, which greatly reduced the use of oil and gas. Kirduff, a partner of again capital, said the news from Europe made the oil market very uneasy and the epidemic situation worsened, which means that oil demand will be hit again and oil prices will be under pressure.

 

A source familiar with Saudi Arabia’s oil production policy recently revealed that Saudi Arabia is ready to push OPEC and non OPEC oil producing countries to extend the current oil production reduction policy to May and June to boost oil prices.

 

OPEC and non OPEC oil producing countries held a meeting on April 1. Four sources told Reuters last week that the new round of “city closures” caused by the epidemic may prompt the major oil producing countries to decide to extend their production reduction policies to may at the meeting. One of the sources said that Saudi Arabia hopes to extend the production reduction to June.

 

OPEC and non OPEC oil producers are now cutting production by about 7 million barrels a day, while Saudi Arabia voluntarily cuts production by an additional 1 million barrels a day. Last year, the output reduction of major oil producing countries was as high as 9.7 million barrels per day, accounting for about 10% of global crude oil supply.

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Poor deal, neodymium rare earth prices fell significantly

According to the monitoring of business society, the price index of domestic rare earth market fell slightly. The price of domestic praseodymium and neodymium rare earth dropped significantly. The price of heavy rare earth market remained high, while the price of domestic rare earth market fell slightly. According to the rare earth plate index of business society, the rare earth index on April 1 was 569 points, down 1 point from yesterday, and 1000 points from the highest point in the cycle (2011-01) 2-06), down 43.10%, up 109.96% from the lowest point of 271 on September 13, 2015. (Note: period refers to 2011-12-01 to now).

 

calcium peroxide

It can be clearly seen from the rare earth index chart that the domestic rare earth prices have slightly rebounded. Recently, some prices in the rare earth market have gone down, and the rare earth market has cooled down. In terms of products:

 

It can be clearly seen from the product price trend chart that domestic neodymium oxide and metal neodymium decreased significantly, while the prices of praseodymium neodymium oxide, praseodymium neodymium alloy, praseodymium oxide and metal praseodymium dropped slightly. As of April 2, the price of domestic rare earth neodymium oxide was 622500 yuan / ton, 8.46% lower than that at the beginning of March; the price of metal neodymium was 777500 yuan / ton, 6.89% lower than that at the beginning of March; the price of praseodymium neodymium oxide was 0 yuan / ton The price of praseodymium alloy is 715000 yuan / ton; the price of praseodymium oxide is 522500 yuan / ton; and the price of praseodymium metal is 675000 yuan / ton. The domestic market of light rare earth has dropped slightly.

 

In recent years, the rare earth market has been fluctuating and declining. According to the feedback of some enterprises, the overall trading volume has declined, and the downstream permanent magnet is mainly purchased on demand. However, in the early stage, the manufacturers are actively preparing goods, and the on-site inventory has increased, which leads to the downstream purchasing is not active, and the market price of light rare earth is lower. The sales of new energy vehicles are fair, which has driven the development of many industries. According to the insiders, the rare earth gap is likely to continue throughout 2021. The main rare earth raw materials of high performance NdFeB are light rare earth praseodymium 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, new energy vehicles continue to break the historical record of single month sales. According to the data released by the China Association of automobile industry, in the first and middle of March, 11 key enterprises completed 1.267 million vehicles, an increase of 1.2 times over the same period last year. Among them, 1.013 million passenger cars were produced, a year-on-year increase of 1.3 times; 254000 commercial vehicles were produced, a year-on-year increase of 1 times. In addition, some domestic light rare earth market prices remain stable. Recently, the domestic market price of heavy rare earths has maintained a high level.

 

It can be seen from the trend chart that the domestic price of dysprosium series remained at a high level, with the price of dysprosium oxide at 3.06 million yuan / ton as of the 2nd, the price of dysprosium ferroalloy at 3.02 million yuan / ton, the price of dysprosium metal at 3.9 million yuan / ton, and the domestic price of terbium series dropped slightly, with the domestic price of terbium oxide at 9.65 million yuan / ton and the price of metal terbium at 12.25 million yuan / ton. The reasons for the high price of domestic heavy rare earth market include the political turmoil in Myanmar and the concentration of global rare earth supply. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products. The import source has decreased significantly. The sharp contradiction between supply and demand in the domestic heavy rare earth market has led to the high price of heavy rare earth. In addition, the domestic production of heavy rare earth is normal, and it can be said that the domestic demand for heavy rare earth is weak. The domestic rare earth purchase and storage plan is a good support for the domestic price of heavy rare earth.

 

The Ministry of industry and information technology has openly solicited opinions on the “Regulations on rare earth management (Draft)”, proposed that the state should implement total index management on rare earth mining and smelting separation, implement rare earth resource areas and strategic reserves of rare earth products, and for the first time clarify the punishment regulations for enterprises violating the regulations. Industry insiders believe that the draft reflects the government’s strengthening control over the rare earth industry, and makes clear the punishment for illegal enterprises for the first time, which is conducive to the healthy development of the industry. Since 2021, the prices of mainstream rare earth varieties have been on the rise, while the prices of heavy rare earth mainstream varieties have increased significantly. It is estimated that the price of rare earth is expected to start a long bull trend in 2021, and the profits of leading companies in the upstream of rare earth industry chain are expected to be fully released.

 

In 2021, the first batch of rare earth mining, smelting and separation total amount control indicators increased significantly, which is related to the strong downstream demand. The Ministry of natural resources issued the total amount control indicators of rare earth mining in 2021. In 2021, the total amount control indicators of the first batch of rare earth mining (rare earth oxide REO, the same below) in China were 84000 tons, including 11490 tons of ionic (mainly medium and heavy rare earth) rare earth ore and 11490 tons of rock ore The index of type (light) rare earth ore is 72510 tons. The first batch of tungsten concentrate (tungsten trioxide content 65%, the same below) has a total mining control index of 63000 tons, of which the main mining index is 46890 tons and the comprehensive utilization index is 16110 tons. In 2021, the total amount of rare earth and tungsten mining will continue to be controlled, the state policy is favorable, and the trend of most products in the rare earth market will be stable.

 

With the continuous volume of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, it is expected to drive further growth of demand. The global supply gap of rare earth is expected to continue to expand. The domestic demand for rare earth remains high, and the domestic supply of Rare Earth starts to work normally. However, the recent on-site transaction is poor, and the purchase is not active. Chen Ling, a business analyst, predicts that the market price of rare earth will be light in the near future The local market price may go down slightly.

Potassium monopersulfate