According to the bulk list data of business cooperatives, as of November 7, the average price quoted by formic acid enterprises was 3033.33 yuan/ton, 22.15% higher than that on Wednesday (November 2), 13.33% lower than that on October 7, and 24.79% lower than that on a three-month cycle.

Recently, the market price of 85% industrial formic acid in China has risen. The main reason for this price increase is that: a large factory has the news of maintenance plan, the market supply is expected to shrink, which has boosted the market’s price mentality. In addition, some enterprises’ export orders have increased. On November 7, some enterprises’ quotations rose by 900 yuan to 3250 yuan/ton. Domestic downstream pharmaceutical, rubber, leather, pesticide and other industries’ procurement followed up as required, and the market delivery and investment were orderly.

In terms of cost: upstream sulfuric acid, the domestic sulfuric acid market price fell on November 7; Upstream methanol. According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market rose from 2790 yuan/ton to 2828 yuan/ton from October 31 to November 7. The price rose 1.36% in the cycle; The cost has little effect on formic acid.

According to the formic acid analysts of the business community, the current cost support is limited, the mainstream production enterprises have started relatively high, the domestic downstream demand is mainly stable, and the export order performance is fair. In the short term, the domestic industrial grade 85% formic acid market may absorb the growth, so more attention should be paid to the market news.

According to the data monitored by the business community, as of November 7, the price of lithium iron phosphate, an excellent power product, was 165000 yuan/ton, which was stable compared with the price of lithium iron phosphate in the same period last week. At present, the operating rate is stable, the procurement atmosphere is general, and the mainstream price range is 160000-165000 yuan/ton.

The price of lithium iron phosphate, an excellent power product, is 165000 yuan/ton. The price of lithium iron phosphate is mainly stable, and the price range is maintained at 160000-165000 yuan/ton. At present, the downstream just needs to purchase, the operating rate is stable, and the purchasing atmosphere is general. The overall market remains stable and strong. The manufacturer’s supply is only for regular customers, mainly for contract customers to arrange orders and deliver goods. The overall market negotiation atmosphere is fair.

Chemical commodity index: On November 6, the chemical index was 950 points, unchanged from yesterday, 32.14% lower than the cycle’s highest point of 1400 points (2021-10-23), and 58.86% higher than the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present)

Analysts of LiFePO4 from the business community believe that the LiFePO4 market will maintain a stable and strong operation.

At the beginning of November, the domestic EVA market trend continued to be weak, and the price fell. According to the data monitoring of the business community, the average ex factory price of domestic EVA was 19066.67 yuan/ton on October 30, and 18733.33 yuan/ton on November 5. The range of increase and decrease within the week was – 1.75%, and – 17.35% compared with the same period last year.

At the beginning of November, the domestic EVA market undertook the early weak market. At present, there is almost no good support on the market. On the supply side, the ex factory price of petrochemical enterprises has fallen, and the total domestic inventory position has risen; In terms of demand, there is no obvious change in the demand for photovoltaic materials. The demand for foaming materials is poor. The downstream multi-dimensional companies need to purchase rigid materials. The market trading atmosphere is light. In the early stage, the supply of goods for auction fell sharply, which brought obvious pressure to the market, and affected the current merchants’ pessimism. At present, the offer on the market is chaotic, and there are many recessions in the detailed discussion of actual orders, and the price follows the weakening.

To sum up, the current market is affected by multiple bad news. The ex factory price of petrochemical enterprises is falling, the follow-up of terminal demand is insufficient, the downstream is cautious, the follow-up of just needed replenishment is lagging behind, and the market trading atmosphere is cold. It is expected that the domestic EVA market will remain weak in the short term, and the price is still likely to decline.

According to the monitoring data of the business community, the average market price of soda ash will be about 2650 yuan/ton on November 2, 2022, and the price will remain relatively stable from September 2022. However, compared with the same period in 2021, the price of 3687.5 yuan/ton fell by 28.14%.

It can be seen from the annual comparison chart of soda ash that the price of soda ash in 2021 will be at a high level in the fourth quarter, of which the highest price will be about 3687.5 yuan/ton on November 6, 2021, which will run at a high level.

From the monthly K column chart of soda ash, it can be seen that in 2021, soda ash will rise in many years, with an increase of 34.05% in September. In 2022, the largest increase in soda ash will be 20% in February. Since March, the amplitude of soda ash has generally narrowed, mainly due to the weak supply and demand pattern.

In terms of supply, the supply of soda ash is loose. Some data show that the inventory of 1.8 million tons at the beginning of 2022. Although the total inventory of soda ash enterprises is 317000 tons, which has been kept low from the second half of the year, the soda ash industry will have about 1.2 million tons of new capacity from the end of this year to the first quarter of next year. Under the pattern of loose supply and demand, the price focus of soda ash will gradually move down.

From the perspective of demand, the terminal impact of the real estate is still relatively low, and there is no warming phenomenon. The demand for downstream float glass is general. It can be seen from the above figure that the price of glass will go down all the way in 2022. The average market price at the beginning of the year is 24.87 yuan/ton, and the average market price at the beginning of November is 19.73 yuan/ton, down 20.67%. The price of glass remained low and did not improve significantly.

According to the analysts of the business community, the overall starting level of soda ash supply is about 90%, the supply is relatively stable, and the operation of downstream float glass manufacturers has not improved significantly. The domestic real estate market is weak, the price of float glass has fallen for several consecutive months, and most of them are purchased on demand, with a strong wait-and-see attitude. It is estimated that the price of soda ash will still be adjusted slightly, depending on the downstream market demand.

According to the data of the bulk commodity list of the business community, the formaldehyde market in Shandong Province was consolidated this week. The average price of formaldehyde in Shandong Province was 1383.33 yuan/ton. The current price rose by 3.49% month on month, and the current price fell by 17.00% year on year.

formaldehyde

The price of formaldehyde market in Shandong Province was stable this week. It can be seen from the figure above that the formaldehyde market in the past two months has been dominated by a small upward trend, and the fluctuation of the market this week is not large. As of November 2, the mainstream market price in Shandong was 1350-1400 yuan/ton. Recently, the methanol market has been consolidated at a low level, with general cost support. The demand of downstream sheet mills is not good, and the purchase of just needed materials has been maintained. Influenced by the public security incident, few transactions have been made in the formaldehyde market, and the manufacturers’ shipments have stalled. The market is basically stable.

Upstream methanol: The domestic methanol market has been weak and consolidated recently. Local transportation is limited, and some enterprises have increased their inventories, which further aggravates the wait-and-see mood of traders. The supply side is abundant, the demand side has not improved, and the methanol market is difficult to improve.

Recently, the domestic methanol market has fluctuated at a low level, and the cost support is not good. The procurement of the downstream wood panel factory remains in demand. Therefore, the formaldehyde analysts of the Chemical Branch of the Business Cooperative predict that the recent price of formaldehyde in Shandong will mainly fall due to the volatility.