Market overview: According to the data of the bulk list of the business agency, as of February 9, 2023, the market reference price of diethylene glycol was 5316.67 yuan/ton, down 143.33 yuan/ton or 2.63% compared with the price of February 2, 2023 (5460 yuan/ton).

It can be seen from the data monitoring of the Business Agency that the domestic diethylene glycol market continued to adjust downward this week. At present, the market price range in East China is dominated by consolidation, and the delivery from the reservoir area is relatively stable, with the price at 5320 yuan/ton. The market adjustment in South China is downward, and the downstream demand has not yet fully recovered, and there is resistance to the high price. The carrier lowers the price at 5450 yuan/ton. This week, the speech of the Federal Reserve eased the concern of interest rate increase and boosted the market atmosphere. At the same time, affected by the earthquake in Türkiye, the supply of crude oil in some countries was blocked. International oil prices fell first and then rose, with strong support at the cost end. From the perspective of supply, as of February 6, 2023, the inventory of East China Port was about 44100 tons, an increase of 4800 tons compared with the inventory of last week (39300 tons), with an increase of 12.21%. The overall inventory changed little, and the supply side performed generally; From the perspective of demand, the downstream unsaturated resin started relatively low, the factory has not yet fully started, and the demand is still recovering gradually, which shows that the demand side is weak and difficult to change. On the whole, the support at the cost side is relatively strong, the supply side performs generally, and the demand side is still weak, so the market price of diethylene glycol continues to decline.

At present, the crude oil market is dominated by the supply side. It is expected that the international crude oil price will rise first and then fall next week, and the cost side support will be weak; Although the port inventory goes to the warehouse slowly, the quantity of goods shipped by yards has increased, the market mentality has been boosted, and the downstream factories have gradually increased the load. Before the year, there is little inventory left, and the demand will speed up the recovery process. According to the diethylene glycol analyst of the business agency, the domestic diethylene glycol market is basically guided by the change of demand at present. Although the support at the cost side is insufficient, the short-term market price range is expected to fluctuate with the gradual increase of demand, focusing on the demand increment.

DOP prices rose first and then fell this week

According to the data monitoring of the Business Agency, as of February 7, the price of DOP was 10340 yuan/ton, down 3.45% from 10710 yuan/ton on February 1; Compared with 10310 yuan/ton at the end of last week, up 0.29%. The demand is still weak, and the DOP market rose first and then fell.

The price of raw material isooctanol rose first and then fell

According to the price monitoring of the Business Agency, as of February 7, the price of isooctanol was 10166.67 yuan/ton, down 3.48% from 10533.33 yuan/ton on January 29; Compared with the price of 10666.67 yuan/ton on February 1, the price fell by 4.69%. Replenishment after the holiday was poor, downstream demand remained weak, the price of isooctanol rose first and then fell, the cost of DOP raw materials fell in shock, and the upward momentum of DOP weakened and the downward pressure increased.

The price of raw material phthalic anhydride fluctuated and rose

According to the price monitoring of the business agency, as of February 7, the price of ortho phthalic anhydride was 8250 yuan/ton, up 0.30% from the price of 8225 yuan/ton on February 1; The price rose by 2.17% from 8075 yuan/ton on January 29 at the weekend. Replenishment after the holiday, the cost of phthalic anhydride rose, the price of phthalic anhydride rose, the cost of DOP rose, and the rising power of DOP increased.

Aftermarket expectation

DOP data analysts of the Business Agency believe that the price of isooctanol, the raw material, rose first and then fell, the price of phthalic anhydride rose slightly, the cost of DOP fell, and the downward pressure on DOP increased. In the future, the cost of DOP fell and the demand was weak, and the price of DOP was expected to fall in shock.

Trade name: potassium chloride (imported)

Latest price (February 6): 3900.00 yuan/ton

The domestic market price of imported potassium chloride rose slightly on February 6, 0.86% higher than that on February 3. At present, the arrival price of 60% potassium chloride in Qinghai Salt Lake is about 3500-3600 yuan/ton; The port’s 62% white potassium self-raised price is about 3700-3800 yuan/ton. The self-raised price of 60% Dahong granules at the port is about 3800-4000 yuan/ton. 62% of Russian white potassium in border trade is about 3500-3600 yuan/ton. The port has about 2.6 million tons. The market prices of downstream potassium carbonate and potassium nitrate have declined slightly recently, and the enthusiasm of downstream procurement has weakened.

In the near future, the domestic potassium chloride price may fall slightly, mainly in consolidation. The import market price of potassium chloride is about 3850 yuan/ton.

Price trend in January

According to the monitoring of the bulk list data of the business agency, the price of cryolite rose slightly in January. On January 31, the average market price in Henan was 7975 yuan/ton, up 0.31% from the price of 7950 yuan/ton at the beginning of the month, up 9.25% year on year.

In January, the domestic cryolite market rose steadily, and the prices of cryolite enterprises were mostly stable during the month. Some enterprises increased slightly according to their own shipments after the festival. The upstream start was still low, the raw material supply was tight, the cryolite enterprises were limited to start, the utilization rate of production capacity in the field was low, the cryolite market price remained high, and the downstream side remained just in need of follow-up. The cryolite enterprises shipped on demand, and the market supply and demand performance remained stagnant, Cryolite market is on the sidelines.

Upstream and downstream market analysis

On the upstream side, the domestic fluorite market declined in January. Due to the requirements of safety and environmental protection, the operating rate of mining enterprises was low, the operating performance of fluorite mines was insufficient, and the supply of fluorite was reduced. However, due to the sufficient stock in the downstream, the demand enthusiasm was weakened, and the market price of fluorite was lower. At the end of the month, the average price of fluorite was 3162.50 yuan/ton, which was 4.17% lower than the price of 3300.00 yuan/ton at the beginning of the month.

The market of the downstream aluminum market consolidated in January. At the end of the month, the average price of domestic aluminum ingots in the East China market was 18726.67 yuan/ton, up 0.16% from the average price of 18696.67 yuan/ton at the beginning of the month. At the beginning of the month, aluminum ingots experienced four consecutive falls, and then went up all the way. At the end of the month, two consecutive falls returned to the price near the beginning of the year.

Aftermarket forecast

The support of cryolite raw materials is good, the enterprise quotation remains high, the downstream side purchases as needed, and the market supply and demand are relatively balanced. The cryolite manufacturers mostly maintain a wait-and-see attitude, and adjust the quotation according to the shipment situation. It is expected that the cryolite market will operate steadily at a high level in the future.