Monthly Archives: December 2021

Poor demand, diethylene glycol price fell in December (12.1-12.30)

According to the bulk list data of business society, the market price of diethylene glycol fell this month. On December 1, the average domestic market price of diethylene glycol was 5783 yuan / ton, and on December 30, the average domestic market price of diethylene glycol was 5016 yuan / ton. The price of diethylene glycol fell 13.26% this month.

 

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The price trend of diethylene glycol continued to decline this month. At present, there are a lot of port inventory, enterprises mainly digest inventory, and the demand side performance is weak. As of December 30, the operating rate of UPR downstream of diethylene glycol is currently 36%, down 1% month on month. The total mainstream inventory of diethylene glycol was 29700 tons, an increase of 8400 tons month on month, or 28.2%. The domestic market price in South China is 5200-5300 yuan / ton, and the domestic market price in East China is 5020-5040 yuan / ton.

 

At present, the decline of diethylene glycol market is weakened. Close to the new year’s Day holiday, the on-site trading is cautious, and traders mainly wait and see. Diethylene glycol analysts of business society believe that the market price of diethylene glycol will fluctuate within the range in the short term. It is suggested to pay attention to the changes of inventory and demand.

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In 2021, the domestic market price of sodium pyrosulfite rose and fell

Price trend of domestic sodium pyrosulfite

 

Throughout the year, the price of domestic sodium pyrosulfite rose and fell in 2021. The average price of industrial grade sodium pyrosulfite was 1683.33 yuan / ton on January 1 and 2766.67 yuan / ton on December 31, with a significant increase of 64.36% during the year.

 

Before the Spring Festival, the procurement of downstream trade entities basically ended, and the market trading was relatively light. Affected by the continuous falling cost repression and shipping pressure, some enterprises reduced the ex factory price slightly again, and the domestic sodium pyrosulfite market price was slightly adjusted. On February 3, the domestic sodium pyrosulfite price fell to the low point of 1633.33 yuan / ton, down 3.54% from the same period in 2020.

 

After the Spring Festival, domestic sodium pyrosulfite manufacturers resumed production one after another, and the operating rate of manufacturers gradually rebounded. At the same time, the prices of upstream soda ash and sulfur continued to rise. Manufacturers successively increased the ex factory price of sodium pyrosulfite, driving the domestic sodium pyrosulfite market price to bottom.

 

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In April, the overall price of domestic soda ash stabilized, the rising trend of cost stabilized, and the wait-and-see attitude of downstream trade subjects increased. After the overall rising trend of domestic sodium pyrosulfite market stabilized, it was located near 1800 yuan / ton and moved forward steadily.

 

In May, the prices of domestic soda ash and sulfur rose again, coupled with the overall low inventory of downstream trading entities and the dual support of cost and demand, the domestic market price of sodium pyrosulfite continued to rise. In June, the market price of sodium pyrosulfite rebounded to around 2000 yuan / ton, the raw material cost rose sharply, the manufacturer’s inventory continued to be low, and the overall supply of sodium pyrosulfite market was tight, The market price of domestic sodium bisulfite increased sharply in the three quarter. In addition, the double control policy was implemented at the end of September, and the inventory of manufacturers dropped sharply. Some enterprises failed to sign the bill. At the end of September, a number of enterprises adjusted the factory price to 3500 yuan / ton, and the market price of domestic pyrosulfite increased steadily in the three quarter.

 

In October, the impact of the dual control policy remained the same. The inventory of sodium metabisulfite continued to be low, the market supply continued to be tight, and the domestic market price of sodium metabisulfite continued to rise with the support of cost and demand. The quotation of some manufacturers was raised to near 4100 yuan / ton. At the end of the month, the overall rise of the domestic market price of sodium metabisulfite stabilized with the rise of soda ash and sulfur prices, On October 27, the average price of domestic sodium pyrosulfite was 3766.67 yuan / ton, up 130.61% from the low point of the year on February 3.

 

In November, domestic soda ash and sulfur prices rose and fell sharply, raw material costs fell sharply, downstream trade entities were cautious in procurement, costs fell and demand fell. Sodium pyrosulfite manufacturers successively reduced the ex factory price of sodium pyrosulfite for many times, and the domestic market price of sodium pyrosulfite fell sharply by 26.55% from November to December.

 

Since the beginning of 2021, the price of domestic soda ash has increased by 101.49%, the price of sulfur has increased by 100% and the annual increase of raw material cost has exceeded 100%. The cost will strongly support the market price of sodium metabisulfite in 2022.

 

Future forecast

 

Business analysts believe that due to the impact of the rise and fall of raw material costs at the end of the year, the domestic sodium pyrosulfite market price will rise and fall as a whole in 2021. It is expected that there is still some room for decline in the domestic sodium pyrosulfite market price in the short term, and the average price will fall to around 2000 yuan / ton after the Spring Festival. On the whole, the increase of raw material cost is still huge, and the cost is still at a high level compared with previous years. In addition, the domestic inventory of sodium pyrosulfite is still low, and the overall decline space of domestic market price of sodium pyrosulfite is limited. In 2022, the domestic market price of sodium pyrosulfite will continue to be mainly affected by the fluctuation of raw material price.

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On December 28, the price of precious metals fluctuated slightly

Summary of spot price trend of precious metals

 

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According to the data of business agency, the average price of silver in the early trading on December 28 was 4785 yuan / kg, a decrease of 0.07% compared with the average price of 4788.33 yuan / kg in the spot market on Monday (December 27); compared with the spot price of 5550 yuan / kg at the beginning of the year (01.01), a decrease of 13.78%.

 

On December 28, the spot market price of gold was 372.27 yuan / g, a decrease of 0.04% compared with the spot market price of 372.48 yuan / G on Monday (December 27), an increase of 1.60% compared with the early average price of 366.42 yuan / g in the spot market price at the beginning of December (12.1); compared with the spot market price of 392.70 yuan / g at the beginning of the year (01.01), a decrease of 5.20%.

 

Comparison of precious metal gold and silver price trends in recent 1 year

 
The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. After the recent silver price reduction and low consolidation, it began to repair.

 

Price trend of precious metals and crude oil

 

Today’s macro policy factors

 

The central bank conducted a 7-day reverse repurchase of 200 billion yuan on the 28th, and another 10 billion yuan of reverse repurchase expired. The bid winning interest rate was 2.2%, unchanged from the previous one.

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Glycol prices fell on Tuesday (12.20-12.26)

According to the bulk list data of business society, the market price of glycol continued to fall on Tuesday. On December 20, the average domestic market price of diethylene glycol was 5466 yuan / ton, and on December 26, the average domestic market price of diethylene glycol was 5110 yuan / ton. Glycol prices fell 6.52% on Tuesday.

 

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The price trend of glycol continued to fall on Tuesday. At present, the port inventory is still large, which is lower than that of last week. Enterprises still focus on digesting inventory. It is suggested to pay attention to the dynamics of crude oil market in real time. The operating rate of UPR at the downstream of diethylene glycol is currently 36%, which has no change compared with last week. As of December 26, the domestic market quotation in South China is 5300-5350 yuan / ton, and the domestic market quotation in East China is 4980-5020 yuan / ton.

 

At present, the inventory of diethylene glycol has decreased slightly, the downstream operating rate is stable, and the attitude on the site is cautious. Diethylene glycol analysts of business society believe that there is no good in the current market. It is expected that the price of diethylene glycol will continue to fall in the short term, mainly with a slight shock.

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Cyclohexanone market price continued to rise

According to the monitoring data of business agency, from December 17 to December 24, the average market price of cyclohexanone in China rose from 10500 yuan / ton to 10533 yuan / ton, an increase of 0.32% in the week, 2.60% month on month and 50.84% year-on-year.

 

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This week, the domestic cyclohexanone market continued to rise, the raw material pure benzene fluctuated horizontally, and the cost support was relatively stable. The downstream chemical fiber is purchased intensively, the pressure of cyclohexanone shipment is slightly reduced, the manufacturer’s quotation is explored in a narrow range, the solvent market just needs to follow up, and the downstream resistance to high prices limits the room for cyclohexanone to rise.

 

Summary of domestic cyclohexanone market as of December 24:

 

region ., Price

East China 10800-11000 yuan / ton cash vehicle delivery

South China 11100-11200 yuan / ton cash delivery

Shandong region 10700-10800 yuan / ton cash delivery

Raw material pure benzene: domestic pure benzene rebounded after falling. Due to the continuous rise of port inventory, people in the industry are cautious about the outlook. During the week, the overall market trading was light, and the price of pure benzene mainly fluctuated with the rise and fall of crude oil and styrene.

 

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business society:

 

Downstream caprolactam: the supply of caprolactam has increased in the short term. However, the operating load of cyclohexanone units in some enterprises is low, or there is some support for cyclohexanone. At present, the profit of cyclohexanone is high, or the increase of cyclohexanone is limited.

 

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business community:

 

The cost side is temporarily stable, the cyclohexanone spot supply is expected to increase, and the downstream outsourcing demand is cautious. The cyclohexanone analysts of the business society expect that the short-term cyclohexanone market will fluctuate.

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The market trend of lithium iron phosphate is strong

According to the data monitored by the business community, as of December 23, the average price of domestic power type high-grade lithium iron phosphate was 97000.00 yuan / ton. The market price of lithium iron phosphate increased slightly compared with the same period last week. The overall market negotiation focus was high, the inventory was low, the downstream just needed to purchase, and the transaction atmosphere was acceptable.

 

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The price trend of lithium iron phosphate is relatively strong. At present, the mainstream price is 97000 yuan / ton, and the manufacturers are actively shipping. At present, the supply side is tight, the negotiation focus is high, and the overall market negotiation atmosphere is OK. The focus of the upstream market is high, and the price rises. The lithium iron phosphate Market has certain support, and the overall market is relatively strong.

 

Upstream lithium carbonate: at the beginning of the week, the price of lithium carbonate continued to rise, and the price rise was also increasing. As the new capacity of the domestic lithium iron phosphate industry is still in a state of continuous climbing, which makes the supply of lithium carbonate with tight supply more tight. At present, it is difficult to purchase in the market, the market demand remains unchanged, and the transaction price of orders continues to increase.

 

Analysts of lithium iron phosphate in business society believe that lithium iron phosphate is expected to be strong in the short term. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

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Cost support increased and PTA prices maintained a slight rebound

According to the price monitoring of business agency, the domestic PTA market rebounded slightly today (December 22). The average market price in East China was 4723 yuan / ton, up 1.81% from the previous day and 30.91% year-on-year. PTA futures 2205 closed at 4784, up 178, or 3.86%.

 

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On December 21, the international oil price rose sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $71.12/barrel, up US $2.51 or 3.7%, and the settlement price of Brent crude oil futures was US $73.98/barrel, up US $2.46 or 3.4%. In terms of supply and demand, OPEC’s domestic oil production level is still far lower than the previously agreed target; Superimposed on geopolitical advantages, Libya’s ports were blocked again because of the war. In addition, the price of natural gas in Europe soared sharply, and the electricity price in most regions hit a record high, driving the oil price of alternative energy higher.

 

Statistics of recent changes in PTA plants in China

 

At present, domestic PTA units have been restarted one after another, the industrial operation has increased to more than 71%, and the operation rate is easy to rise but difficult to fall. At the same time, the demand side continues to be affected by the terminal weakness, the market trading enthusiasm is insufficient, and the contradiction between PTA supply and demand intensifies again.

 

Business analysts believe that the short-term strong shock of crude oil has increased the support for PTA costs. However, with the restart of some PTA units to increase the load, PTA is about to end the de inventory state, and the market is expected to weaken.

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Ethylene glycol daily review (20211221)

Business agency: ethylene glycol daily review (20211221)

The latest p value price of ethylene glycol on December 21 was 4880 yuan / ton.

 

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In terms of inventory, as of December 20, the total inventory of ethylene glycol in the main ports of East China was 692800 tons, an increase of 71800 tons, an increase of 11.56%, and 59200 tons, an increase of 9.34%, compared with last Thursday.

 

On December 20, the spot price of ethylene glycol in East China market was 4845 yuan / ton, which was 145 yuan / ton lower than the previous trading day and 96 yuan / ton lower than last week.

 

Due to the re implementation of travel restrictions in some parts of the world due to the epidemic, the market’s concerns about demand have been exacerbated. The price of crude oil has fallen sharply, and the mood of the coal market is not optimistic. Superimposed on the accumulated reserves of ports, the demand side trading is light and the lifting is not strong.

 

Forecast: low shock.

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Domestic bisphenol A market price fluctuates in a narrow range

In late December, the domestic bisphenol a market fluctuated in a narrow range. This week, the offer of manufacturers was stable, some factories suspended the offer, and there were few sources of middlemen. At present, the market offer of bisphenol A in mainstream North China and East China is 16100-16200 yuan / ton, and there are few spot resources in North China.

 

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The offer of bisphenol A in various markets in China is as follows (the rise and fall range is compared with the previous trading day):

 

region ., Quotation, Fluctuation range

East China sixteen thousand and one hundred 0

North China sixteen thousand and two hundred 0

Bidding in East China: today, the bidding price of a petrochemical enterprise in East China is 14800 yuan / ton (agreement product) and 14900 yuan / ton (first-class product). The bidding situation has not changed much for two consecutive weeks, and the overall fluctuation space is 200-300 yuan / ton. The recent bidding trend is as follows;

 

At the beginning of this week, the price of epichlorohydrin, a related product, rose sharply, which increased the cost for the downstream resin market and exacerbated the wait-and-see atmosphere in the downstream market. The offer of downstream epoxy resin market is stable, but the market trading is cold. The offer of East China liquid resin market is 21500-22000 yuan / ton.

 

On the raw material side, the focus of the phenol Market is higher. The factories opened this week with a centralized increase of 150 yuan / ton. The market offer followed the upward offer of 93500-9400 yuan / ton. The inventory in Jiangyin port decreased significantly, the importers had no shipping pressure, and the price support sentiment increased, but the overall downstream pursuit was cautious. The real order is flat. Acetone made a stable and firm offer, and the negotiated price was 5100-5200 yuan / ton. There were many downstream companies that needed follow-up, mainly small orders in the field.

 

From the perspective of business analysts, bisphenol a market fluctuates in a narrow range. At present, there are few spot resources, the downstream operating load is not high, and the market trading is mostly small order replenishment. It is expected to continue the shock operation this week and pay close attention to the recent situation of new units.

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Nitrile rubber market was stable this week (12.10-12.17)

The market of nitrile rubber was stable this week (12.3-12.10). According to the monitoring of business society, the price of nitrile rubber was 24325 yuan / ton as of December 17.

 

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The offer of domestic nitrile rubber market is stable. According to the monitoring of business society, as of December 17, the mainstream price of Lanhua nitrile n41e market is 24200 yuan / ton; 3305e mainstream newspaper 24000 yuan / ton; 3308e mainstream newspaper 24500 yuan / ton; Shunze nitrile 3355 market mainstream reported 24000 yuan / ton. The commencement expectation of downstream rubber products industry is lower, and the support for nitrile rubber is weak.

 

Butadiene prices continued to fall sharply this week, and the cost side is difficult to improve. According to the monitoring of business society, as of December 17, the price of butadiene was 4622 yuan / ton, down 14.55% from 5410 yuan / ton at the beginning of the week.

 

Future forecast: nitrile analysts of business society believe that although the supply pressure of nitrile rubber is small, the price of raw materials has fallen sharply again, coupled with weak demand, it is expected that the nitrile rubber market will weaken in the later stage.

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