According to the bulk commodity list data of business society, the market price of formaldehyde in Shandong rose on March 22. The average price of formaldehyde in Shandong was 1382.50 yuan / ton on March 21. The average price of formaldehyde in Shandong was 1432.50 yuan / ton on March 22, up 3.62%. The current price rose 12.21% month on month, and the current price rose 8.80% year-on-year.

The formaldehyde market has risen recently. As of March 22, the mainstream market price in Shandong is 1400-1550 yuan / ton. Recently, the raw material methanol market began to rise, the cost support was good, and the purchasing sentiment of the downstream plate factory was OK. Therefore, the formaldehyde analyst of the chemical branch of the business society predicted that the recent rise in the price of formaldehyde in Shandong would be the main trend.

Recently, the market of raw material methanol has risen, and the downstream demand is general. Therefore, the formaldehyde analyst of the chemical branch of business society expects that the recent price of formaldehyde in Shandong will mainly rise slightly.

Price trend of metallic magnesium

Market analysis this week

This week, magnesium ingots were weak first and then stable. On Wednesday, the price fell below the 40000 yuan mark. From the perspective of quotation, the attitude of magnesium manufacturers to stabilize the price is relatively firm, and it is difficult to find low-cost goods. According to the data monitoring of the business agency, as of the 18th, the transaction price of magnesium ingot Market was concentrated at 39000 yuan / ton – 40000 yuan / ton. Considering the continuous game between market supply and demand, at present, the magnesium price has not fallen again.

Raw materials

This week, the fourth round of increase in coke market fell to the ground. This round of increase was 200 yuan / ton, with a cumulative increase of 800 yuan / ton. At present, the operating rate of coking enterprises has increased to a certain extent, but the overall operating rate is still low. At present, the coke inventory in the plant is generally low. Affected by the difficulty of automobile transportation, the overall coke supply is still tight. With the increase of coke price, the production cost of magnesium plant has been increased.

The price of ferrosilicon is temporarily stable. The quotation of 72 ferrosilicon is 9000-9200 yuan / ton (Natural Block), and the average market price is 9050 yuan / ton. The blue carbon market has been weak recently, but on the whole, the cost support of magnesium ingot is strong.

Downstream aspect

In addition, the overseas purchase price is generally low, and the overall impact of the epidemic is small, although the transaction cost is small, the overall impact is small. However, in terms of macro news, the meeting of the Ministry of industry and information technology required to further expand the consumption of large industrial products such as new energy vehicles and smart appliances and expand green consumption. Magnesium alloy as a lightweight material, the rise of new energy vehicles has driven a major turning point in lightweight, boosted the confidence of magnesium ingot merchants to a certain extent, and benefited the price in the medium and long term.

Future forecast

On the whole, although the factory side is willing to stabilize the price, the purchasing capacity of the consumer side is insufficient, and the wait-and-see mood is strong. The current situation of weak operation of magnesium ingot price is difficult to change. However, the capital pressure of magnesium factory is not large, and the price of magnesium ingot is high superimposed on ferrosilicon and coal. The probability of magnesium ingot price protection is high. Business society analysts believe that the price of magnesium ingot will operate stably in the short term.

Ethylene oxide remained stable this week. At present, the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 8200 yuan / ton, and that in Central China is 8400 yuan / ton.

In terms of upstream ethylene, the energy value of crude oil is weak, and the ethylene price fell slightly this week. So far, the latest external price of ethylene in Northeast Asia is US $1300 / ton, that in Southeast Asia is US $1300 / ton, that of Luxi Chemical ethylene is 8800 yuan / ton, and that of Jinshan Lianmao ethylene is 9100 yuan / ton.

The contradiction between supply and demand in the short-term ethylene oxide market has not been alleviated. Although affected by the epidemic, the manufacturers switched to ethylene glycol and the supply of ethylene oxide was tightened, the downstream synchronization was weak and the supply and demand were weak.

This week, the price of downstream monomer manufacturers was mainly stable, the logistics was blocked, and the demand was sluggish. Under the continuous constraints, it was difficult to improve in the short term.

Forecast: ethylene oxide has high cost, low supply and demand and no profit. It will take time to break the ice.

From March 10 to March 17, 2022, the market price of antimony ingots in East China rose. The price was 81250 yuan / ton last weekend and 82750 yuan / ton this weekend, up 1.85% a week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As shown in the figure above, the price of antimony ingots continued to rise after the Spring Festival, and the increase gradually expanded.

The price of antimony ingots continued to rise this week. The market was affected by the conflict between Russia and Ukraine, and the market mentality tended to be tense. Driven by this mentality, the sellers’ reluctance to sell became stronger and stronger, and the market trading was more active, which further boosted the sellers’ mentality of raising prices. There has also been some demand release in the downstream recently. Due to the high price, the purchase mentality is affected. At present, it is mainly just on-demand purchase. The overall transaction of the market is acceptable, and it is still based on demand. The external price is also mainly upward this week. At present, the European Strategic small metal antimony ingot (99.65%) has risen to US $15000 / ton, an increase of US $350 / ton compared with last week. Under the overall strong market mentality, it is expected that the market price will continue to maintain a stable, medium and strong trend.

On March 16, the domestic cobalt price fell

According to the data monitoring of business agency, the domestic cobalt price fell on March 16, and the cobalt market fell. On March 16, the price of cobalt was 553500 yuan / ton, down 2.33% from 566700 yuan / ton on the previous trading day; The cobalt market fell, and the cobalt price fell.

Key points of analysis

The rise of international cobalt price slowed down, LME cobalt price fell, and the price difference at home and abroad weakened; The consumption of new energy vehicles increased, the sales volume of new energy vehicles decreased month on month, the demand growth rate of cobalt market fell, the output of ternary battery increased year-on-year, the demand of cobalt market remained strong, and the rising power of cobalt market remained. Cobalt prices rose too fast, and the risk of future decline remains.

Future forecast

The international cobalt price fell, the price difference between domestic and foreign cobalt prices weakened, the cobalt price rose too fast, and the risk of decline still exists. It is expected that the future cobalt price will stop falling and rise in shock.

The latest p value price of ethylene glycol on March 15 was 5133.33 yuan / ton.

In terms of inventory, as of March 14, the total inventory of ethylene glycol in the main port of East China was 957600 tons, an increase of 26600 tons or 2.86% compared with last Monday, and an increase of 6900 tons or 0.73% compared with last Thursday.

On March 14, the spot price of ethylene glycol in East China market was 5125 yuan / ton, down 160 yuan / ton from the previous trading day and 360.5 yuan / ton from last week.

Crude oil fell sharply today, while ethylene glycol fell. In the afternoon, Meg’s external market was light, and the recent cargo negotiation was estimated to be around us $665-670 / ton. There is no improvement in downstream production and sales, and the light stability remains unchanged. Affected by the epidemic, some EO / EG cogeneration units have reduced the load and switched to ethylene glycol.

Forecast: lack of cost support and weak market.

Zinc price fell on March 14

According to the data monitoring of business agency, the zinc price fell on March 14, and the zinc market fell. On March 14, the price of zinc was 25448 yuan / ton, down 0.16% from 25488 yuan / ton on the previous trading day; Compared with 2021, the price of zinc increased by 15.67% year-on-year.

Key points of analysis

The demand of zinc ingot spot market is general, the commencement of downstream galvanizing enterprises is less than expected, and the demand of zinc market is less than expected; The Russian Ukrainian crisis is expected to ease, the high level of natural gas will fall, the smelting cost of European zinc smelters will fall, and the output of zinc ingots is expected to rise. The zinc ingot inventory in Shanghai futures market rose, the supply of zinc market was sufficient, the downward pressure of zinc market remained, and the upward momentum was weakened. It is expected that the zinc price will fluctuate and adjust in the future.

Future forecast

The demand is generally sufficient, and the zinc price fluctuates and adjusts; In the future, the supply is sufficient, the demand falls, and the zinc price is expected to fluctuate and fall.

According to the monitoring data of business agency, the price trend of TDI in East China rose first and then stabilized this week. As of March 11, the average market price in East China was 19500 yuan / ton. Compared with the price of 19075 yuan / ton at the end of last week, it increased by 2.23% during the week and decreased by 0.38% month on month.

During the week, the TDI market was dominated by stalemate and consolidation. In terms of supply, there was little change in the start-up of domestic TDI plants. Gansu Yinguang and Yantai Juli devices had not been restarted, and the market spot continued to be tight. At the beginning of the week, the terminal polyether market was better, the overseas TDI supply was tight, which led to the increase of domestic exports, and the TDI price rose slightly. However, in the later stage, due to the impact of public health events, the terminal demand weakened, The downstream market entry only needs to be followed up. Under the supply and demand game, the TDI market is stable for the time being. As of the 11th, the quotation range of domestic goods in the distribution market in East China is about 19000-19200 yuan / ton, and that of Shanghai goods is 19500 yuan / ton, mainly through real order negotiation. The dealer’s quotation will rise with the market news, and will be sorted up within the week.

The upstream toluene market rose broadly, and the price continued to rise during the week. As of March 11, the domestic average price of toluene was about 8422 yuan / ton, up 5.92% from last weekend. Due to the continuous rise of crude oil caused by geopolitical tensions, the toluene market continued to rise, supported by the rise of cost, the toluene holders had a strong willingness to support the price, and the aftermarket was sorted out and operated at a high level.

According to the analysis of TDI data division of business society, at present, the supply side of domestic TDI market is tight, the downstream demand is weak, the supply-demand game is superimposed with the upstream cost support, and the high range of short-term TDI market is mainly sorted out. The future market trend depends on the downstream follow-up.

Price trend

According to the bulk list data of business society, the domestic PA66 market continued to fall this week, and there was a certain decline in the spot prices of various brands. As of March 10, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 33250 yuan / ton, with an increase or decrease of – 2.21% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, adipic acid was affected by the price rebound of raw material pure benzene this week, the cost side support was strengthened, and the trading focus moved up 100-200 yuan / ton compared with the previous week. The manufacturer’s price remains high, the dealer’s offer is tentatively high, adiponitrile has been affected by the news of domestic production lines recently, the level of port arrival is general, and the overall support effect on PA66 spot is limited.

The price of adipic acid, the upstream raw material, has increased, the change of adiponitrile market is limited, and the cost side support of PA66 is general. At present, the operating rate of the industry is at a high level, and the load level of domestic PA66 industry has basically returned to normal. The inventory position in Hong Kong is not high, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and their resistance to high price sources increases instead of decreasing, and the shipment fluency of merchants is poor. The transaction resistance on the floor has increased, the seller’s mentality has been affected, and the range of offer negotiation this week is still large.

Future forecast

Business analysts believe that the spot price of PA66 continues to fall this week. The improvement of adiponitrile market on the raw material side is limited, adipic acid market has risen, and PA66 cost side support is general. On the supply side, PA66 enterprises have high load and weak support for spot goods. The terminal has a deep resistance to high price goods. Downstream demand continues to be sluggish and the market momentum is insufficient. It is expected that PA66 may maintain a weak market in the short term.

Magnesium ingot price list

Market analysis

According to the data monitoring of the business agency, the ex factory tax price of 99.9% of the mainstream areas was 42666.67 yuan / ton on the 9th, down 0.39% on the previous trading day. Compared with Monday, the price rose by about 500 yuan per ton, and the price of magnesium ingots gradually warmed up.

According to the market feedback, recently, some users who just need to enter the market for purchase have increased inquiry purchase, the market transaction has improved, and the price has begun to rebound. In terms of supply and demand, the inventory pressure of the magnesium plant itself is small, and the merchants are in a strong mood to support the price. Today, the general quotation is 43000-44000 yuan / ton; After the downstream customers experienced centralized replenishment, the procurement rhythm slowed down, and the rise of magnesium ingots was limited. In terms of cost, the recent strong operation of upstream lump coal has supported the rising price of blue carbon, the good development of ferrosilicon market, and the raw material cost has promoted the rise of magnesium ingot price.

Business analysts believe that in the short term, the price increase of magnesium ingots is limited and the operation is volatile.