On December 16, the domestic cobalt price fell sharply

According to the data monitoring of business agency, the domestic cobalt price fell sharply on December 16, and the cobalt market fell back. On December 16, the cobalt price was 482700 yuan / ton, down 1.51% from 490100 yuan / ton on the previous trading day (December 15); after more than 20 days of continuous rise, the cobalt price fell sharply on December 16.

The rise of international cobalt price slowed down

As can be seen from the trend chart of LME cobalt price, the rise of LME cobalt price slowed down and the international electrolytic cobalt price stabilized; In December, MB cobalt price stabilized and the rise of international cobalt price slowed down. The price difference at home and abroad decreased, and the upward momentum of domestic cobalt weakened.

Market Overview

According to the data analysts of business news agency, the rise of international cobalt price slowed down in December, the domestic cobalt price rose sharply continuously, the price difference between domestic and foreign cobalt prices decreased, the enthusiasm for domestic cobalt export decreased, the rising power of domestic cobalt price weakened, and the domestic cobalt price fell on the 16th. The demand of the cobalt market is still, the positive of the cobalt market still exists, the short-term cobalt price rise in the future is insufficient, and the long-term cobalt price rise is still supported.

According to the monitoring data of business society, as of December 10, the reference price of liquid epoxy resin in East China was 25600-26200 yuan / ton; The reference price of solid epoxy resin is 21000-21500 yuan / ton, which has decreased significantly recently and has decreased by 1000 yuan since December. Year on year

From the raw material side, the double raw materials fell first and then stabilized last week, and the overall cost of epoxy resin changed limited. However, the demand follow-up performance is weak, the market continues the stalemate and depressed atmosphere, and the bad news is difficult to change.

In contrast, in the same period in December 2020, the price of bisphenol A was 19500 yuan / ton (+ 3500 yuan), and the price of ECH was 12000 yuan / ton (- 2500 yuan). The overall production cost of epoxy resin was similar to that at present, but the price of liquid / solid epoxy resin was lower than that in the same period last year. It can be seen that the market is not the same as before, and the industries with large year-on-year decline in demand are mainly wind power and electronic and electrical industries.

Device: the overall operating rate of liquid resin is about 80%; The operating rate of solid resin is about 50%. The quotation of mainstream factories is as follows:

The 248000 T / a unit in Kunshan South Asia operates normally, and the external quotation of E-51 is 28000 yuan / T;

Changshu Changchun 100000 t / a plant operates at low load. At present, the quotation of epoxy resin E-51 is 26800 yuan / T;

Yangnong Jinhu 170000 T / a plant is in 50% operation, and the quotation of the new E-51 is 26000 yuan / T;

Nantong Xingchen 160000 T / a unit operates stably, and the quotation of liquid epoxy resin E-51 is 26000 yuan / T;

The 200000 t / a unit of Jiangsu Sanmu operates normally, and the new quotation is 26000 yuan / T, mainly based on real order negotiation;

The 155000 T / a unit of Hongchang electronics Zhuhai factory operates normally, and the new E-51 is reported to the outside world at 27000 yuan / T;

The 90000 T / a liquid unit of Baling Petrochemical operates normally, and the E-51 quotation is 26200 yuan / T.

Price trend

According to the price monitoring of business agency, the price of cryolite in Henan increased slightly this week. On December 10, the average market price in Henan was 7275.00 yuan / ton, up 1.04% from the end of last week and 1.75% month on month.

quotations analysis

The domestic cryolite market operates strongly. At present, the source of raw materials tends to be stable, the price is still relatively high, the production cost of enterprises is high, coupled with the impact of winter heating, manufacturers limit production and produce less, and the production pressure supports the market to continue to be high. As of December 10, the ex factory quotation of cryolite in Shandong is 7000-7600 yuan / ton, and that in Henan is 6700-8600 yuan / ton.

In terms of raw materials, the soda ash market continued to be weak and downward this week. As of December 10, the average market price was about 3025 yuan / ton. The price in the week fell by 5.47%, up 106.34% over the same period last year. The price is still high. The operating rate of soda ash increased compared with last week, the output in the week increased, the soda ash supply was stable, the downstream was purchased on demand, and the market trading was general.

In the downstream, the aluminum market fluctuated. On December 10, the aluminum price was 18780.00 yuan / ton, an increase of 0.50% in the week compared with the price of 18686.67 yuan / ton at the end of last week. The social inventory of aluminum decreased slightly, the market demand increased, the horizontal consolidation of aluminum price, and the market was slightly bullish.

Future forecast

The domestic cryolite market is strong at a high level. Due to the supply of raw materials and the limited production of heating in winter, the operators in the field are optimistic. From the perspective of market supply, the short-term cryolite trend is stable at a high level, with specific attention to the situation of upstream raw materials.

According to the price monitoring of business agency, the domestic PTA market rebounded slightly today (December 13). The average market price in East China was 4712 yuan / ton, up 1.20% from the previous day and 34.68% year-on-year. PTA futures 2205 closed at 4766 and settled at 4716, up 56, or 1.19%.

The market’s concern about the impact of the mutant strain Omicron on the global economy and fuel demand has been alleviated. Superimposed on the control of production by the organization of Petroleum Exporting Countries and its allies (OPEC +), it is unlikely that Iranian oil will return to the international market in the near future, the oil market remains in a tight balance, and the oil price has been supported. On December 10, the international oil price rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $71.67/barrel, up US $0.73 or 1.03%, and the settlement price of Brent crude oil futures was US $75.15/barrel, up US $0.73 or 0.98%.

The polyester Market in Jiangsu and Zhejiang is flat, the price still maintains a downward trend, the overall production and marketing is general, and the operating load is around 80%. Affected by the cold end orders, most warp knitting factories cut down the start-up due to the high unsalable inventory of grey cloth, which generally fell to 30-50%, and some were lower near 20%. And I haven’t heard of the best-selling fabrics in the local area. The grey cloth inventory is still mainly upward, and the grey cloth inventory squeezes the cash flow.

Business analysts believe that PTA plant production reduction and maintenance increased, and the rise of crude oil strengthened the support for PTA cost. However, the weakening of terminal orders has dampened the enthusiasm of loom production, and the demand side only focuses on meeting rigid demand for raw materials. Therefore, in the short term, PTA prices will continue to rise slightly.

According to the monitoring of business agency, the price of activated carbon was 9666 yuan / ton at the beginning of this week and 9666 yuan / ton at the end of this week, which is stable.

The price of domestic activated carbon is stable this week. At present, the ex factory price of activated carbon for coconut shell water purification in East China is between 9500-12500 yuan / ton; The domestic activated carbon trading floor is active, the transaction is OK, and the delivery of goods in the market is accelerated. We need to pay more attention to the market transaction.

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

Forecast: in the short term, the price of activated carbon is stable, and the market is mostly on the sidelines. Please contact the manufacturer for specific prices, mainly through negotiation.

1、 Price trend

2、 Market analysis

According to the data of business agency, the domestic potassium sulfate Market was stable in early December, and the spot price was sideways. As of December 10, the average price of domestic potassium sulfate 50 particle sample was 4133.33 yuan / ton, an increase or decrease of 0% compared with the average price at the beginning of the month.

Recently, the momentum of domestic potash fertilizer market is general, and the fluctuation of on-site trading is weak. The operating rate of processing potassium sulfate enterprises remained low, the domestic operating rate was around 50%, and the spot supply of potassium sulfate remained slightly tight. Although the supply side formed a certain support for the spot price, the on-site demand follow-up lagged behind, and the merchants reflected that the shipping resistance increased and the offer was mainly horizontal. The upstream potassium chloride operated smoothly, and the supply of incremental goods increased. At present, the ex factory reference price of 52% potassium sulfate powder of Shijiazhuang hehe Chemical Co., Ltd. is reported as 4300 yuan / ton. The factory reference price of Shijiazhuang Haofang 50% potassium sulfate powder is quoted as 4200 yuan / ton.

3、 Future forecast

The potassium sulfate analyst of business agency believes that the domestic potassium sulfate Market was weak and stable in early December, and the potassium chloride market was sideways. At present, the cost support of domestic potassium sulfate is loose, and the support of the supply side for the spot price is flattened by the weak downstream demand. It is expected that the domestic potassium sulfate price may be weak in the near future.

The domestic MIBK market fluctuated this week. The market reference offer in East China was around 14300-14500 yuan / ton. According to the monitoring data of business society, the market offer was 15000-15200 yuan / ton on December 2 and 14200-14300 yuan / ton on December 9. The market fell nearly 1000 yuan / ton during the week, and there is still room for discussion.

From the raw material side, the domestic acetone market was weak and stable this week, and East China negotiated an offer of 5300-5350 yuan / ton. Up to now, the lowest offer of domestic factories is 5400 yuan / ton, and the offers in major mainstream regions are as follows: 5300-5350 yuan / ton in East China, 5500 yuan / ton in South China, and 5500 yuan / ton in Yanshan and Shandong. The short-term supply side has little change, the manufacturer’s inventory pressure is large, and the port is relatively stable. The business society expects the short-term market range to be adjusted and operated mainly.

The downstream rubber additives market has declined, the accelerator starts at a low level and the demand support is limited. Under the influence of policies, the downstream tire industry starts at a low level and the overall demand is weak.

Device situation: there was little change in the start-up of enterprises in the week, and the antioxidant industry in the early stage was OK. However, after a round of market, the whole industry decreased significantly, the demand shrank, other retail investors in the downstream had poor enthusiasm to enter the market, just needed to purchase, and the offer price was low.

From the perspective of business community, the MIBK market is difficult to be favorable in the short term, and the cost side is difficult to be supported. The overall demand decline in the downstream needs to be followed up. It is expected that the MIBK market will be weak and adjusted in the short term.

According to the data monitored by the business community, as of December 3, the average price of lithium iron phosphate, a domestic high-class power product, was 89000.00 yuan / ton. This week (11.29-12.3), the market price of lithium iron phosphate operated stably, the overall market negotiation focus was high, the inventory was normal, the downstream just needed to purchase, and the manufacturers actively shipped.

This week, the price of lithium iron phosphate operated stably, the mainstream price was 89000 yuan / ton, and the manufacturer shipped actively. At present, the supply side is normal, the focus of negotiation is stable, the downstream just needs procurement, the procurement atmosphere is general, the focus of the upstream market is high, the price rises, the lithium iron phosphate Market has certain support, and the overall market is stable and small.

The price of lithium carbonate is still rising this week, and the number of enterprises with rising price of lithium carbonate is also increasing. With the end of the year approaching, the trading volume of lithium carbonate market has increased and the market quotation has been rising. The market inventory is still good, and most practitioners are in a wait-and-see state. It is expected that the short-term lithium carbonate price is still in a strong consolidation state.

Analysts of lithium iron phosphate in business society believe that lithium iron phosphate is expected to maintain a stable operation 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).

According to the data monitored by the business community, as of December 7, the comprehensive price of PC market was 22000.00 yuan / ton, and the PC price mainly operated weakly, down 5.38% compared with the same period last week and 10.84% compared with the same period last month. The overall market negotiation atmosphere was cold, the downstream just needed to purchase, and the PC market operated weakly in the short term.

The overall domestic PC market is dominated by weak operation, with a slight decline in price, a strong wait-and-see atmosphere, lack of demand follow-up, general positive support, the mainstream price is about 22000 yuan / ton, and the factory quotation has declined slightly. At present, the supply side is normal, the logistics is smooth, the unit operating rate is normal, and the manufacturer’s willingness to ship is positive.

Upstream bisphenol A operates weakly and the market transaction atmosphere is cold. As of December 6, the mainstream offer of the factory in the yard is 9000 yuan / ton, the market offer fluctuates up and down, and the mainstream offer in East China is 9000-9100 yuan / ton; From the perspective of acetone market, the port inventory decreased at the beginning of the week, and the mentality of cargo holders was supported. The offer was 5300-8350 yuan / ton, the low out intention turned weak, the terminal purchase intention was small, and the market negotiation was cold.

Business community PC analysts believe that: in the short term, the PC market is weak and volatile, and the operation is weak in a narrow range. (to get more information about goods and to grasp the price of goods, welcome to subscribe to the business community through the official account of the business community).

This week (11.29-12.03), the market price of nitrile rubber fell slightly. According to the monitoring of business society, as of December 3, the price of nitrile rubber was 24500 yuan / ton, down 0.81% from 24700 yuan / ton at the beginning of the week.

The ex factory price of domestic nitrile rubber is stable. According to the monitoring of business society, Lanzhou Petrochemical nitrile n41e reported 22200 yuan / ton as of December 3; At present, 3305e is reported as 23100 yuan / ton; RMB 24200 / T for 3308e; The ex factory price of shunze nitrile 3355 / 3365 is 23500 yuan / ton, and the ex factory price of 3380 is 24000 yuan / ton. However, the start-up of the downstream rubber products industry decreased compared with the previous period, and the support for nitrile rubber weakened.

Butadiene prices continued to fall sharply this week, with serious drag on the cost side. According to the monitoring of business society, as of December 3, the price of butadiene was 6120 yuan / ton, down 10.26% from 6820 yuan / ton at the beginning of the week.

Future forecast: nitrile analysts of business society believe that the price of raw materials is low and the demand is weak. It is expected that the market price of nitrile rubber may fall in the later stage.