Aluminum prices rose on May 26

According to the data of business agency, on May 26, the average market price of domestic aluminum ingots in East China was 20503.33 yuan / ton, a daily decrease of 0.15%, a decrease of 1.55% compared with the average market price of 20826.67 yuan / ton at the beginning of the month (5.1), and an increase of 11.37% compared with the average market price of 18410 yuan / ton in the same period last year.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 15.42% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 9.68% recently.

Latest price (May 25): 6666 yuan / ton

Key points of analysis: on May 25, the average price of domestic LNG market was 6666 yuan / ton, unchanged from the previous day, with a year-on-year increase of 91.92%. At present, the supply side of liquid plant maintenance in some regions is favorable. The manufacturers stand firm and wait-and-see, and the market is generally stable. However, the demand in the off-season continues to weaken, the receiving capacity of downstream users is general, the domestic LNG market is weak, and the overall transaction atmosphere of the market is still light.

The domestic LNG market is expected to be stable and weak in the short term.

The latest p-value price of ethylene glycol on May 24 was 5000 yuan / ton, unchanged from the previous trading day. Up 0.40% year-on-year.

The oil price fluctuated in a narrow range under the long short game in the crude oil market due to the possible economic recession and domestic restrictions on the epidemic, as well as the expectation of tight global supply and the recovery of fuel demand in the US summer driving season. It fell by nearly US $1 on Tuesday. Today, Meg’s external market is lower, buyers are mainly on the sidelines, and the recent negotiated price of shipping is around us $600 / ton. Ethylene glycol goes to the warehouse slowly, the inventory level is high, the port shipment volume decreases, and the demand continues to be depressed. Recently, the polyester operating rate has remained around 80%, mainly contract goods, the market wait-and-see atmosphere continues, and the terminal preparation is cautious.

Forecast: in the short term, the market has great upward resistance and low volatility.

1、 Price trend

Latest price (May 23): 8643.75 yuan / ton

Key points of analysis: on May 23, the average domestic spot price of pvc5 was 8643.75 yuan / ton, down 0.19% from the previous trading day and 6.43% year-on-year. At present, the futures price has fallen, the offer in the spot market has fallen, the market trading is relatively flat, the downstream demand continues to maintain rigid demand, and the wait-and-see attitude is obvious. In addition, the export has weakened, which has suppressed the market atmosphere, the focus of the PVC market has shifted downward, and the transaction is more cautious. Up to now, the price of raw calcium carbide is about 4200-4500 yuan / ton, and the price of PVC is 8300-8800 yuan / ton.

The PVC market is expected to weaken.

According to the data monitored by the business agency, the domestic carbon black quotation was 10425 yuan / ton on May 20.

High coal tar cost or high coal tar cost in the domestic market in a week. On the demand side, the domestic demand in the downstream is average. Although the tire industry gradually recovered in May, there is still a gap compared with the normal situation, and the overall operating load of the industry is low. The comprehensive cost of carbon black enterprises continues to rise, and the price has generally increased recently.

Under the current high cost of domestic carbon black, the current carbon black is operating at a high level, and the future trend depends on the downstream demand.