1、 Trend analysis

As shown in the figure above, the copper price rose slightly this week. As of the end of this week, the spot copper price was 72576.67 yuan / ton, up 2.02% from 71136.67 yuan / ton at the beginning of the week and 20.35% year-on-year.

Copper weekly rise and fall chart

According to the weekly rise and fall chart of business society, in the past three months, it has risen by 5 and fell by 6 and 1. Recently, the overall trend of copper price is strong.

In terms of supply and demand: the mining end disturbs investors’ concerns about the tightening of global copper inventories. At present, there is no obvious driving force for the fundamentals, the overall supply and demand are weak, and the price fluctuates in the range. At present, the macro situation has improved, the domestic interest rate has been cut, the special debt has increased significantly, and the LME copper inventory has remained stable at a low level.

To sum up: with the resumption of enterprises after the festival, the downstream demand increases slowly. Tight supply supports copper prices. The short-term copper price shock is expected to be strong.

Zinc prices rose sharply on February 10

According to the data monitoring of business agency, the zinc price rose sharply on February 10, and the zinc market rose. On February 10, the price of zinc was 25620 yuan / ton, up from 25196 yuan / ton on February 9 of the previous trading day. Zinc market picks up.

Key points of analysis

After the festival, the zinc market rose, the willingness to replenish stocks in the downstream increased, the construction of downstream galvanizing enterprises was low, and the demand of zinc market warmed up; High electricity price supports smelting cost and spot zinc price. London zinc night market prices rose sharply, which was good for the domestic zinc market.

Future forecast

Demand returned to cost support, and the zinc price fluctuated and rose in the future.

According to the monitoring data of business society, as of February 9, 2022, the average ex factory price of domestic industrial grade propylene glycol is 17000 yuan / ton. Compared with the price on February 6, 2022 (the ex factory reference price of propylene glycol is 15633 yuan / ton), the average price is increased by 1367 yuan / ton, or 8.74%.

It can be seen from the data monitoring chart of the business agency that during the Spring Festival holiday, the domestic propylene glycol market kept stable, the downstream demand was basically suspended, and the on-site trading performance was calm. After the Spring Festival, the domestic propylene glycol units resumed operation one after another. The overall operating rate of the site was low, the supply pressure was small, the downstream started to improve after the festival, the demand side performed well, the replenishment atmosphere after the festival was good, and the trend of raw material propylene oxide after the festival was also strong. With the dual support of raw materials and demand, the domestic propylene glycol market rose significantly for the first time after the festival on the 9th, The biggest increase in a single day is 1600 yuan / ton. The ex factory price of propylene glycol in Shandong is around 16600-17700 yuan / ton. Some factories are closed and do not report, and the center of gravity of propylene glycol is strong and runs upward.

In terms of upstream propylene oxide, after the Spring Festival holiday, the domestic propylene oxide market generally rose. After the festival, the downstream demand side returned to work and production one after another. In the middle and lower reaches, just in need of replenishment was maintained, and the on-site trading atmosphere was acceptable. According to the data monitoring of business society, the reference price of propylene oxide was 11366.67 yuan / ton on February 9, up 0.59% compared with February 1 (11300 yuan / ton).

Future trend analysis

Future forecast: at present, after the Spring Festival, the propylene glycol factory has a compact order arrangement and the market is improving. The propylene glycol Data Engineer of the business society believes that the propylene glycol market is mostly high and strong in the short term. The specific trend also needs to pay more attention to the basic changes of supply and demand, the commencement of various units and the follow-up of new orders of the factory.

Product Name: n-propanol

Latest price (February 7): 8033 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, on February 7, the overall domestic n-propanol market moved downward slightly. The average ex factory price of n-propanol was 8033 yuan / ton, which was reduced by 67 yuan / ton compared with the previous working day. The decline was 0.82%. On the 7th, the domestic market of n-propanol in Shandong was weak. After the festival, some cargo holders slightly reduced the ex factory price of n-propanol by 100-200 yuan / ton. The ex factory price of n-propanol in Shandong was around 7300-7700 yuan / ton, and that in Nanjing was around 9000-9500 yuan / ton.

Future forecast: after the Spring Festival, the domestic downstream demand for n-propanol has not been significantly opened, and the market trading atmosphere is general. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to the follow-up of downstream demand.