Monthly Archives: August 2022

Acrylic acid market fell in August

According to the data of the trade agency’s bulk list, as of August 30, the average price of acrylic acid in East China was 7400.00 yuan / ton, a decrease of 22.65% compared with the price on August 1, a year-on-year decrease of 49.20% in a three-month cycle, and a decrease of 51.53% compared with the same period last year.

 

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The acrylic acid market fell in August. At the beginning of the month, the market price of raw material propylene fell, the cost support weakened, the demand side was in the off-season, the high temperature and the environmental protection inspection in some areas affected, the trading atmosphere of the acrylic acid market was weak and the market was weak. Around the middle of the year, with the rise of raw material propylene price and cost support, the market atmosphere was improved compared with the previous period. The price was stable and slightly increased. After the rise, the market was mainly stable and wait-and-see. Some units were overhauled and the operating rate declined. The market transaction was mainly just needed, and the market negotiation was mild. In the second half of the year, the fundamentals were weak as a whole, the prices fell, and the downstream inquiry and purchase were just needed. Near the end of the month, the market was stable and the wait-and-see atmosphere was strong.

 

As for upstream propylene, according to the data of the trade agency’s bulk list, the domestic propylene (Shandong) market continued to fluctuate downward in August, and the price further declined. The market was at 7348 yuan / ton at the beginning of August, and the average price at the end of the month was 7036 yuan / ton, with a monthly drop of 4.25%. The average price within the month was the lowest 6834 yuan / ton.

 

According to the acrylic acid analyst of business club, the price of raw material propylene is rising, the cost support is strengthened, and the Jinjiu is coming, and the market atmosphere is warming up. It is expected that the acrylic acid market will be strong in the short term, so we need to pay more attention to the changes of market news.

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Limited trading atmosphere, EVA market continues to explore

Near the end of the month, the overall weakness of the domestic EVA market is difficult to change, and the price is still down. According to the data monitoring of the business agency, the average ex factory price of domestic EVA was 19733.33 yuan / ton on August 21 and 18866.67 yuan / ton on August 29, with a decrease of 4.39% in the week and 2.92% compared with the same period last year.

 

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As of August 29, the ex factory quotation of EVA is as follows:

 

Product, manufacturer, model, ex factory price

EVA, Yanshan Petrochemical, 18j3., 18300 yuan / ton

EVA, Beijing Organic, y2022, 18800 yuan / ton

EVA, BASF Yangzi, v5110j, 19500 yuan / ton

This week, the weak trend of domestic EVA market is difficult to change, and the price continues to fall. During the week, the ex factory quotation of petrochemical enterprises was still reduced, with a range of 1200-1400 yuan / ton. At present, the market demand is not significantly improved, and the downstream is mostly replenished according to demand, which just needs to be followed up. In terms of cost, the price of international crude oil fluctuated and rose during the week, bringing limited support to the market. The market trading atmosphere is general, and the attitude of the merchants is not optimistic. The transaction is dominated by single negotiation.

 

At present, the support brought by the cost is limited, the ex factory quotation of petrochemical enterprises is still reduced, the consumption of goods in the market is slow, the improvement of terminal demand is not obvious, and the downstream mainly maintains replenishment according to demand. The market trading atmosphere is general, but near the end of the month, the possibility of price adjustment of petrochemical enterprises is unlikely. It is expected that the domestic EVA market will mainly be subject to horizontal adjustment in the short term.

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Tetrahydrofuran market in this week

According to the data of the trade agency’s bulk list, the price of tetrahydrofuran increased slightly this week. At the beginning of the week, the average price of tetrahydrofuran was 14800.00 yuan / ton, and on Friday, the average price of tetrahydrofuran was 14850.00 yuan / ton, up 0.34%.

 

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At present, the quotation of tetrahydrofuran enterprises is temporarily stable. The BDO of raw materials is on the sidelines for the time being, while the support of the cost side is temporarily stable, while the terminal demand remains weak, the downstream just needs orders to follow up, the trading atmosphere in the market is light, the supply and demand negotiation game continues, the market shipping mentality is obvious, the narrow margin profit concession negotiation is the mainstream, and the market negotiation focus is weak and stable.

 

According to the data monitoring of business agency, the price of tetrahydrofuran in some enterprises in the near future (for reference only, the actual transaction prices of different brands, different specifications and products are mainly negotiated).

 

According to the tetrahydrofuran analyst of business society, the domestic tetrahydrofuran cost has stabilized, the downstream ptemg spandex is still in a weak operation, and the manufacturer’s quotation follows the market. In the short term, the market as a whole still has room for decline.

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On August 25, o-xylene was strong and temporarily stable

On August 25, the price of o-benzene was temporarily stable

 

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It can be seen from the price trend chart of o-benzene in the business community that the price of o-benzene was temporarily stable on August 25. As of August 25, the price of ortho benzene was 8000 yuan / T, which was temporarily stable compared with the price of ortho benzene on August 24, the previous trading day. The price of o-xylene industry chain is temporarily stable, and the market of o-xylene is strong and stable.

 

Key points of the market

 

The price of crude oil fluctuates and rises, the price of mixed xylene fluctuates and rises, and the cost of o-xylene rises; The price of phthalic anhydride fluctuated and increased, and the demand for ortho benzene recovered. The rising cost and the warming demand have caused the external price of adjacent benzene to fluctuate and rise, and the positive effect on the domestic market of adjacent benzene has increased and the downward pressure still exists.

 

Future outlook

 

The rising cost and the demand are warming up, and the downward pressure of the good neighbor benzene is still there. In the future, the neighbor benzene market is strong and stable temporarily.

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The demand turned weak, and the phosphate rock market fell slightly at the end of August (8.1-8.24)

According to the data monitoring of business agency, as of August 24, the reference average price of 30% grade phosphate ore in the mainstream areas in China was around 1086 yuan / ton. Compared with August 1 (the reference price of phosphate rock was 1100 yuan / ton), the price decreased by 14 yuan / ton. Compared with July 1 (the reference price of phosphate rock was 1066 yuan / ton), the price increased by 20 yuan / ton, or 1.81%.

 

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It can be seen from the data monitoring chart of the business association that in the middle and early ten days of August, the domestic medium and high-grade phosphate ore market continued to be consolidated at a high level, the on-site supply was still tight, and the downstream demand was mainly based on demand purchase. Near the end of the month, after the downstream phosphate fertilizer market turned cold, the terminal demand support of the phosphate ore market was loosened, and the market price in the field was weaker than that in the previous period. On August 22, some mining enterprises with higher prices in the previous period slightly reduced the price of 30% phosphate rock by 50-80 yuan / ton, and the difference between high and low prices in the field was narrowed. As of August 24, the market price of 30% phosphate ore in China was around 1050-1100 yuan / ton, The specific price is also related to factors such as powder to block ratio. The specific price is discussed on a single basis. The market price of 28% grade phosphate ore is around 850-980 yuan / ton. The specific price is discussed on a single basis. At present, the market of phosphate rock quarry is light, and the downstream purchase is moderate, and the transaction is generally general.

 

In terms of downstream yellow phosphorus, from August to August (August 1-August 23), the domestic yellow phosphorus market has been on the rise as a whole. According to the data of business agency, the reference price of yellow phosphorus was 32000 yuan / ton on August 23, up 17.43% compared with August 1 (27250 yuan / ton).

 

Prediction and analysis of future trend of phosphate rock

 

At present, the supply side of the phosphate rock quarry is still slightly tight, and the demand side is generally supported. The phosphate rock data analyst of the Business Association believes that in the short term, the domestic phosphate rock Market in China will mainly be adjusted and operated in multiple intervals, and more attention needs to be paid to the news changes on the supply and demand side.

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Stable operation of PMMA market (8.16-8.23)

According to the data monitored by the business agency, as of August 23, the average price of PMMA of general transparent grade and excellent products in China this week was 16425.00 yuan / ton. The price of this week was narrow and strong. Compared with the price of the same period last week, the price fluctuation range was small. The quotation range of mainstream manufacturers remained around 16500 yuan / ton. The overall PMMA market price remained stable. The focus of negotiation was stable. The price range of this week was small, and the overall market supply and demand were balanced.

 

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This week, the average price of PMMA for domestic general transparent grade excellent products is 16425.00 yuan / ton. The overall market is stable, and the price change is not obvious. The quotation range of mainstream manufacturers is around 16500 yuan / ton. Merchants are actively shipping and giving up orders. Compared with the price of last week, the price of PMMA is stable, the overall supply and demand is balanced, and the purchase is just needed. At present, the negotiation focus is stable and the supply side is normal.

 

Rubber and plastic index: on August 22, the rubber and plastic index was 695 points, which was the same as yesterday, down 34.43% from the highest point 1060 points in the cycle (2012-03-14), and up 31.63% from the lowest point 528 points on April 6, 2020. (Note: the period refers to December 1, 2011 to now)

 

PMMA analysts of business agency believe that the stable operation of PMMA price is expected in the short term and the stable operation of PMMA market in the short term. (if you want to obtain more commodity information and master commodity prices, please subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

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Weak demand and falling price of ammonium phosphate (8.15-8.21)

1、 Price trend

 

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According to the data of the bulk list of business society, the average market price of 55% powdered monoammonium phosphate was 3516 yuan / ton on August 15, and 3466 yuan / ton on August 21. This week, the market price of monoammonium phosphate fell by 1.42%.

 

According to the data of the bulk list of business society, the average market price of 64% diammonium phosphate was 4425 yuan / ton on August 15, and the average market price of 64% diammonium phosphate was 4425 yuan / ton on August 21. The market price of diammonium phosphate was stable this week.

 

2、 Market analysis

 

This week, the center of gravity of ammonium phosphate market continued to move downward, and the trend was weak. The market confidence was insufficient, and the operating rate of ammonium phosphate enterprises decreased. The high level of raw phosphate rock is stable, and the price of raw sulfur is stable after the price rebound last week. The market is still in a wait-and-see mood. The operating rate of the downstream compound fertilizer enterprises rebounded, and the raw material monoammonium was purchased on demand. Domestic demand for diammonium is weak and export volume is poor. At present, most manufacturers of ammonium phosphate have suspended their quotation, and the quotation of traders is chaotic. This week, the factory price of 55% powdered ammonium monohydrate in Hubei is about 3000 yuan / ton, the market price of 55% powdered ammonium monohydrate in Sichuan is 3000-3700 yuan / ton, and the market price of 73% powdered ammonium monohydrate is 6050-6550 yuan / ton. This week, the factory price of 64% of diammonium in Hubei is about 4100 yuan / ton, the market price of 64% of diammonium in Yunnan is about 4200-4700 yuan / ton, the market price of 64% of diammonium in Guizhou is about 4150 yuan / ton, and the market price of 57% of diammonium is about 3750 yuan / ton. The actual transaction is negotiated.

 

In terms of raw sulfur, the sulfur price in East China was stable this week, and the average price was 1163.33 yuan / ton on August 21. The sulfur quotation of refinery enterprises in Shandong Province is stable, and the mainstream price of solid sulfur is about 1120-1290 yuan / ton; The mainstream price of liquid sulfur is 1050-1150 yuan / ton. The quotation is for reference only, and the actual transaction price shall prevail. The downstream sulfuric acid is weak, the demand for sulfur is limited, the enthusiasm for entering the market is general, the refinery shipment is acceptable, the inventory is rational, and the attitude of the operators is mainly wait-and-see.

 

In terms of raw phosphorous ore, the domestic phosphorous ore market has been consolidated at a high level this week. At present, the domestic phosphate rock supply is still tight, and the spot circulation is small. Some large phosphate rocks continue to be mainly used for their own use, while some other mining enterprises continue to receive pre-sale orders. The details are discussed in a single way according to the regional volume and other factors. For some enterprises that need to purchase phosphate ore as raw material, the continuous high price of phosphate rock and tight supply have brought certain pressure to the enterprises. As of August 19, the reference price of phosphate rock was 1100 yuan / ton.

 

3、 Future forecast

 

The phosphate ammonium analyst of the business community believes that the recent trend of raw materials is volatile and the cost support is general. The downstream demand is low, the purchasing enthusiasm is not good, and the on-site trading volume is low. It is expected that the price of ammonium phosphate will continue to be weak in the short term.

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The market price of refrigerants rose in an all-round way (8.15-8.19)

1、 Price trend

 

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According to the monitoring data of business agency, as of August 19, the average price of refrigerant R22 was 17500.00 yuan / ton, up 2.94% from the price of 17000.00 yuan / ton at the beginning of the month, up 5.00% from the same period last year

 

According to the monitoring data of business agency, as of August 19, the average price of refrigerant R134a was 24333.33 yuan / ton, up 8.15% from the price of 22500.00 yuan / ton at the beginning of the month, up 17.74% from the same period last year.

 

2、 Market analysis

 

This week, the price of refrigerant R22 increased slightly, and the price offered by enterprises increased slightly. The price of raw material chloroform rebounded and rebounded as a whole in the month. The price of hydrofluoric acid continued to be weak and stable. The raw material cost rose slightly. Under the support of cost, the price of R22 rose slightly this week.

 

Since August, the price of upstream raw material hydrofluoric acid has been generally weak and stable, and the price of trichloroethylene has continued to rise. In addition, some regions have limited power supply and some manufacturers have shut down for maintenance. The market supply of R134a has decreased slightly. Meanwhile, summer is the traditional peak season for refrigerant demand. Supported by cost and demand, the price of refrigerant R134a has risen this week.

 

3、 Future forecast

 

The refrigerant analysts of business club believe that the domestic R22 and R134a prices are expected to continue to rise in the short term under the support of cost and demand.

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This week, the domestic titanium dioxide market price decreased (8.11-8.18)

1、 Price trend

 

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Take the sulfuric acid rutile titanium dioxide with a large amount of goods sold in the domestic market as an example. According to the monitoring of bulk commodity data, the price of titanium dioxide has decreased this week. Last week, the average price of titanium dioxide in four countries was 18066.67 yuan / ton, and this Thursday, the average price was 17816.67 yuan / ton, and the price reduction rate in the week was 1.38%.

 

2、 Market analysis

 

This week, the domestic titanium dioxide market price was lowered. The domestic titanium dioxide market is relatively light, the market is weak, the downstream wait-and-see mood is strong, and the orders are received cautiously. The inventory pressure of titanium dioxide manufacturers is large, and the factory price is reduced. After the two enterprises sent a letter to announce the rise in the week, the price of some low-priced titanium dioxide in the market stopped falling and stabilized. Up to now, the quotation of domestic rutile titanium dioxide is between 16000-19500 yuan / ton; The quotation of anatase titanium dioxide is between 14000-16000 yuan / ton.

 

In terms of titanium concentrate, the price of titanium concentrate in Panxi area decreased slightly this week., At present, the market operation is insufficient and the spot is tight. However, the downstream purchasers are under great pressure. They mainly wait and see, and the actual transaction situation is general. Small and medium-sized miners are under great pressure. Most enterprises are mainly supporting prices, and the overall market is still weak. Up to now, the quotation excluding tax for 38-42 grade titanium ore is about 1420-1450 yuan / ton, the quotation excluding tax for 46 grade 10 titanium ore is about 2100-2150 yuan / ton, and the quotation for 47 grade 20 titanium ore is about 2300-2450 yuan / ton. In the short term, the market price of titanium concentrate will maintain stable operation, and the actual transaction price is a single negotiation.

 

In terms of sulfuric acid, the price of mainstream domestic sulfuric acid manufacturers fell this week According to the monitoring of commodity data, the price of domestic sulfuric acid market fell this week. The quotation was reduced from 462 yuan / ton last Thursday to 400 yuan / ton this Thursday, with a decrease of 13.42%. The upstream sulfur market has risen slightly recently, and the cost is generally supported. The market prices of hydrofluoric acid, titanium dioxide and ammonium sulfate in the downstream declined slightly, and the purchasing enthusiasm of downstream customers for sulfuric acid was general.

 

3、 Future forecast

 

The titanium dioxide analyst of business club believes that the domestic titanium dioxide market price has been lowered this week, the domestic market demand is still weak, and the atmosphere is cold. The raw material titanium concentrate market is weak, the sulfuric acid price has dropped sharply, and the cost support is weak. It is expected that the titanium dioxide market will be weak and stable in the short term, and the actual transaction price will be a single negotiation.

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On August 17, the zinc market rose

Zinc price rose on August 17

 

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According to the data monitoring of business agency, the zinc price rose on August 17, and the zinc market recovered. On August 17, the zinc price was 25712 yuan / ton, an increase of 2.21% over the zinc price of 25156 yuan / ton on the previous trading day; On August 17, the zinc price rose sharply; Compared with 2021, the zinc price increased by 11.52% year on year.

 

Key points of analysis

 

The hot summer in Europe has led to higher than normal natural gas demand, intensified energy crisis in Europe, reduced natural gas supply in Russia, soaring energy prices in Europe, increased production reduction and shutdown of zinc smelters in Europe, reduced supply in Europe, sufficient supply in domestic zinc market, large increase in zinc ingot inventory in Shanghai futures market, and increased pressure on zinc inventory decline. With the advent of the golden nine and silver ten, the domestic infrastructure projects have started to increase, the supply and demand of the domestic zinc market have recovered, the supply and demand of the zinc market have not yet recovered to the expected level, and the downward pressure of the zinc market still exists and the upward momentum is large.

 

Future forecast

 

The supply and demand of zinc market are weak, the overall international zinc market is in short supply, and the domestic zinc market is in sufficient supply and insufficient demand. In the future, the driving force of zinc price rise still exists but there is insufficient room for rise. The short-term zinc price mainly rises slightly, and the long-term zinc price fluctuates broadly and stabilizes.

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