Author Archives: lubon

Monthly evaluation of ethylene glycol (December 2021)

1、 Price trend

 

According to the data of business agency, on December 31, the average p value of oil-based ethylene glycol was 4908.33 yuan / ton, an increase of 48.33 yuan / ton compared with the previous statistical cycle.

 

On December 30, the spot price in East China market rose, with an average price of 4830 yuan / ton, down 130 yuan / ton from the beginning of this month, a decrease of 2.62%.

 

2、 Analysis of influencing factors

 

PVA

In terms of inventory, as of December 30, the total inventory of ethylene glycol in the main ports of East China was 664000 tons, a decrease of 19600 tons or 2.87% compared with last Thursday, and an increase of 4800 tons or 0.73% compared with Monday. Continue the low inventory status.

 

Unit: one line of a 400000 ton syngas MEG unit in Inner Mongolia has been restarted today. It was previously stopped near the 10th. It is expected that another production line will be overhauled in the near future.

 

Ethylene glycol fluctuated at a low level this month. Oil demand is relatively stable, US crude oil is consolidated at a high level, coal prices are in a downward trend, and the lifting strength is not strong.. The contradiction between supply and demand of ethylene glycol is difficult to solve. The downstream polyester is in the off-season, and the terminal demand is light, which does not support the ethylene glycol market well. MEG supply increased. According to incomplete statistics, the total expected arrival of main terminals in East China from December 31 to January 5 is about 182500 tons, an increase over the previous statistical cycle.

 

3、 Forecast: Meg’s low shock market continues, so it is necessary to pay close attention to the trend of crude oil price.

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On December 30, the price index of China’s domestic rare earth market rose

On December 30, the rare earth index was 805 points, an increase of 1 point compared with yesterday, a decrease of 19.50% compared with the highest point of 1000 points in the cycle (December 6, 2011), and an increase of 197.05% compared with the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period since December 1, 2011).

 

The trend of domestic rare earth index is rising, the prices of some domestic light rare earth praseodymium and neodymium series are rising, the price of praseodymium and neodymium oxide is rising by 1000 yuan / ton to 843500 yuan / ton, the price of praseodymium and neodymium metal is rising by 1.03 million yuan / ton, the price of praseodymium oxide is 875000 yuan / ton, the price of neodymium oxide is 925000 yuan / ton, the price of metal praseodymium and neodymium is rising by 5000 yuan / ton to 1.13 million yuan / ton, The price of dysprosium oxide increased by 5000 yuan / ton to 2.905 million yuan / ton, the price of dysprosium ferroalloy was 2.9 million yuan / ton, and the price of metal dysprosium was 3.75 million yuan / ton. Some prices in the domestic light rare earth market increased, and the recent procurement was general. The price of dysprosium Series in the domestic heavy rare earth market increased, the price of terbium series increased slightly, the downstream procurement was mainly on demand, and Myanmar banned export, The domestic rare earth market price is expected to rise slightly in the later period.

PVA

On December 29, the price of ammonium sulfate was stable

Trade name: ammonium sulfate

 

Latest price: 1760 yuan / ton

 

Key points of analysis: the price of ammonium sulfate was stable on December 29, which was flat compared with the previous trading day. The market of ammonium sulfate is cold today, and there is no good news in the venue. Domestic and foreign demand is weakened, the enthusiasm of downstream procurement is not high, and most of them hold a wait-and-see attitude. In order to ensure the stability of shipments, some enterprises reduced their prices slightly.

 

Future forecast: the price of ammonium sulfate will fall in the short term.

PVA

On December 28, China’s domestic phosphorus ore market operated steadily

Product Name: phosphate rock

 

Latest price (December 28): 680 yuan / ton

 

Key points of analysis: according to the data monitoring chart of business society, on December 28, the domestic phosphorus ore market was highly stable and operated. The average market price of 30% grade phosphorus ore in China was 680 yuan / ton, which was basically the same as that of the previous working day. On the 28th, the quotation of 30% grade phosphate rock freight plants in Guizhou was around 640-670 yuan / ton, the price of 28% grade phosphate rock freight plants was around 580-620 yuan / ton, the quotation of 30% grade phosphate rock freight plants in Guangxi was around 630-680 yuan / ton, and the price of 28% grade phosphate rock freight plants was around 570-630 yuan / ton. At present, the supply and demand of phosphate rock is relatively stable and the trading atmosphere is normal.

 

Future forecast: at present, the supply and demand in domestic phosphate rock yards tend to be stable, and the supply of phosphate rock in Guizhou and other regions is still dominated by contract old customers. Near the new year’s Day holiday, the quotation of the industry is high and stable. Phosphate ore analysts of business society believe that in the short term, the domestic phosphate ore market will continue to operate at a high level and stably, and more attention needs to be paid to the news changes of supply and demand.

PVA

On December 27, the price of refrigerant R134a was temporarily stable

1、 Price trend

Latest price (December 27): 31000 yuan / ton

 

Key points of analysis: according to the data monitoring chart of the business agency, on December 27, the price of refrigerant R134a was temporarily stable, and the price of raw hydrofluoric acid was weakly stable, but the demand of the vehicle market has been light, the enterprise inventory has accumulated to a certain extent, and the price of raw hydrofluoric acid has decreased in the stable offer of the cargo holder. It is bearish in the future. The price of raw hydrofluoric acid is about 12700 yuan / ton, and the market price of R134a is in the range of 25500-29000 yuan / ton.

 

R134a market is expected to decline in the short term.

PVA