According to data monitoring by Business Society, as of January 15, 2023, the reference average price of 30% grade phosphate ore in China was around 1056 yuan/ton. Compared with January 9, the price remained basically unchanged. Compared with January 1, 2023 (reference price of phosphate ore is 1034 yuan/ton), the price increased by 22 yuan/ton, an increase of 2.13%.

From the monitoring chart of Business Society data, it can be seen that in the recent period (1.10 to 1.15), the overall domestic phosphate ore market has remained stable and organized. At the beginning of the month, the phosphate ore market saw a slight increase, and the overall trading focus of the market slightly increased. Entering the mid month stage, the overall phosphorus ore market tends to remain stable and operate steadily. As the Spring Festival approaches, some phosphate ore mining areas are shutting down and production is suspended. The fundamentals of the phosphate ore market are relatively quiet, and the overall situation of mid to high end phosphate ore is still slightly tight. Downstream demand continues to be in demand for essential purchases, and there is not much adjustment between phosphate ore supply and demand. The overall market performance is relatively calm. As of January 15th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton, with lower prices around 1000 yuan/ton and higher prices around 1150 yuan/ton. The specific price may vary depending on factors such as the original ore specifications and powder to block ratio, and the specific price needs to be negotiated based on actual orders.

Prediction of future market for phosphate ore

At present, the overall trading atmosphere in the domestic phosphate ore market is mild, with downstream users mainly purchasing according to demand and quantity. The overall market news is relatively calm. According to the phosphate ore data analyst of Business Society, in the short term, the domestic phosphate ore market prices will continue to maintain a stable trend, and the specific trend still needs to pay more attention to the impact of factors such as demand and downstream shipment.

This week, the domestic titanium tetrachloride market remained strong, with an average price of 10950.00 yuan/ton as of the weekend, unchanged from the same period last week.

Some enterprises produce and use more domestically, resulting in a decrease in export volume and insufficient inventory of bottled titanium tetrachloride. The high market price of raw materials and high slag still operates at a high level, resulting in significant cost pressure for production enterprises. Downstream procurement sentiment is insufficient, with a focus on essential procurement. The titanium tetrachloride market remains strong.

Business Society’s titanium tetrachloride analyst believes that there may be a possibility of slight adjustments in the titanium chloride market next Thursday due to insufficient inventory, but the overall change will not be too significant and will continue to be strong.

According to the commodity market analysis system of Business Society, the price of polyformaldehyde in Shandong has been fluctuating and consolidating recently. At the beginning of the week, the average production price of polyformaldehyde in Shandong was 4900.00 yuan/ton, and over the weekend, the average production price of polyformaldehyde in Shandong was 4850.00 yuan/ton, a decrease of 1.02% and a year-on-year decrease of 10.19%.

Upstream methanol situation: The domestic methanol market is operating in a narrow range. In terms of supply, global coal supply is stable, domestic imports have increased, and the increase in domestic demand is not enough to support coal prices to operate at high levels; In terms of demand, the overall pressure on inventory in power plants is relatively low. Currently, the terminal mainly relies on long-term cooperative replenishment, with on-demand replenishment. The demand for coal in the market is relatively flat, and the overall sentiment is wait-and-see. The short-term coal market maintains a weak operation. The cost side of methanol is influenced by bearish factors.

Recently, there has been a slight fluctuation in the methanol market, with average cost support. Downstream purchases are still in demand, and analysts from Shengyishe Polyformaldehyde predict that prices may decline slightly.

Price trend

According to the monitoring of Business Society, the average price of activated carbon at the beginning of 2023 was 10766 yuan/ton, and at the end of 2023, the average price of activated carbon was 11700 yuan/ton, with a price increase of 8.67%.

quotations analysis

activated carbon

In 2023, the price of activated carbon for the whole year mainly showed a fluctuating upward trend. According to the monthly rise and fall chart of 2023, the largest increase of the year was in May, with an increase of 6.02%. The largest decline of the year was in January, with a decline of 1.24%.

Phase 1

From January to June, the domestic price of activated carbon increased, and the factory price of activated carbon for water purification in East China coconut shell ranges from 9500 to 12000 yuan/ton; Due to the improvement of logistics and transportation restrictions in the market, most dealers are optimistic, and some end merchants have entered the market to replenish goods in moderation, resulting in strong market quotations.

Phase 2

From August to December, the domestic activated carbon market transactions were light, with most manufacturers maintaining stable quotes and some adjustments. Dealers were mainly wait-and-see, with limited terminal demand orders and average replenishment sentiment. The market was mostly dominated by distributors filling gaps. In order to quickly recover funds and sell at a profit, although the prices of fruit shells and raw materials are generally high, the competition in the charcoal market is fierce, and buyers often hold low prices to inquire in the market.

Future Market Forecast

Market Production: Market Production: In 2023, China’s activated carbon production will reach 1.15 million tons, including 400000 tons of wooden activated carbon and 750000 tons of coal based activated carbon. It is expected that the production of activated carbon will continue to increase in 2024.

On the demand side: From the regional distribution of activated carbon demand, China, the United States, the European Union, and Japan are the main consumption areas of activated carbon, with China being the second largest global consumer of activated carbon after the United States. With the continuous development of macroeconomics in developing countries, environmental pollution caused by industrial growth is becoming increasingly prominent. Countries are strengthening their efforts in environmental governance and protection, driving the rapid growth of activated carbon consumption in the region. The traditional application market of activated carbon will steadily expand, and it is expected that the domestic demand for activated carbon market will reach about 890000 tons by 2024.

Demand for activated carbon

Government side: In 2024, the supply and demand market of China’s activated carbon industry will become more stable, and pricing power will also be stronger. At present, the government is providing more support to the industry in strengthening supervision, regulation, and chemical inspection, promoting the standardization of market prices.

In summary, with the continuous improvement of living standards, the demand for environment such as food and drinking water is also continuously increasing. As a result, the market demand for activated carbon is gradually expanding, driving the rapid increase of industry production capacity. It is expected that the price of activated carbon will mainly fluctuate and tend to be strong in 2024.

Recently, the market trend of ethyl acrylate has also remained stable. According to data from Business Society, as of January 9th, the average price of isooctyl acrylate in Shandong was 10600 yuan/ton, a decrease of 3.64% from the beginning of last month. The market price of ethyl acrylate in East China was 10600 yuan/ton, and in North China it was 10700 yuan/ton; The market price in South China is 10800 yuan/ton.

Due to the overall small market size of ethyl acrylate and relatively limited downstream demand during the traditional off-season, market fluctuations are relatively mild. However, due to the impact of rising prices of related products such as butyl acrylate, the market prices have also been relatively strong recently.

At present, the rise of the ethyl acrylate market is mainly affected by the rise of raw materials. However, the downstream transmission speed of traditional off-season terminals is still slow. With the end of downstream replenishment, analysts from Business Society believe that market participants still have some concerns about the future market. However, some products are still experiencing losses without significant improvement, and it is expected that the ethyl acrylate market may still passively follow the trend of raw material prices.