Data monitoring shows that on March 31, the mainstream quotation of polyacrylamide (CPAM, cation, molecular weight of 12 million, 10-30 ionic degree) in the domestic market was about 16128.57 yuan / ton, and the mainstream market continued to weaken this month.

Key point analysis: at present, manufacturers in the main production areas of Henan have sufficient product inventory. So far this year, public health events have a great impact on the economy, with weak downstream demand and general transaction. Under the control measures, the transportation capacity is tight, the cost has increased to a certain extent, and it is difficult to deliver goods in some areas. The price of upstream raw material acrylonitrile has continued to rise slightly recently, with an increase of 50 yuan / ton on the 29th and 100 yuan / ton on the 31st. At present, the mainstream quotation in the domestic market is about 11650 yuan / ton; The market price of raw acrylic acid fluctuated downward in recent two days. The market price of acrylic acid in East China on the 31st was 15366.67 yuan / ton, down 4.57% from 16033.33 on the 1st.

Future forecast: at present, the prevention and control of public health events in Shandong and Henan production areas are tense, and the delivery and transportation are affected to a certain extent. In addition to the transportation cost, the cost of polyacrylamide raw materials increased slightly this week, and the spot inventory in the market is sufficient. Affected by weak downstream demand, polyacrylamide market is expected to remain stable in the future.

Summary of spot price trend of precious metals

According to the data of business agency, on March 30, the average early price of silver market was 5105.33 yuan / kg, down 1.76%, up 3.59% from the average early price of 4928.33 yuan / kg in the spot market at the beginning of the month (March 1); Compared with the early trading average price of 4770 yuan / kg in the spot market at the beginning of the year (January 1), an increase of 7.03%.

On March 30, the spot market price of gold was 394.79 yuan / g, a daily drop of 0.38%, up 1.94% from the early average price of 387.29 yuan / g in the spot market at the beginning of the month (March 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 372.37 yuan / kg, an increase of 6.02%.

Comparison of price trends of precious metal gold and silver in recent 1 year

 
In the long term, the price trend of precious metals tends to be similar, the long-term trend is basically the same, and the amplitude is slightly different.

Price trend of precious metals and crude oil

List of policies

The central bank will conduct a 7-day reverse repo operation of 150 billion yuan in the open market on the 30th, with the bid winning interest rate of 2.1%, which is the same as before. As 20 billion yuan of reverse repo expired today, a net investment of 130 billion yuan was realized on that day.

Future forecast

In the long run, the monetary easing policy is gradually ebbing, and the expectation of raising interest rates is expected to suppress the price of precious metals. In terms of futures, the night trading was favorable due to the conflict negotiation between Russia and Ukraine, and the risk aversion decreased on the news side. In the short term, the upward trend of precious metal prices is weak.

Latest price (March 29): 10460 yuan / ton

Key points of analysis: according to the data monitoring chart of the business society, on March 29, the market price of phosphoric acid was 10460 yuan / ton, unchanged from the previous day, with a year-on-year increase of 99.24%. The price of raw yellow phosphorus operated at a high level, the start of phosphoric acid Market was stable, the prices of most enterprises continued to remain stable, the downstream purchasing attitude was cautious, and the transaction was general after the rise of phosphoric acid price. Up to now, the price of raw yellow phosphorus is 37000 yuan / ton, and the market price of phosphoric acid is about 9500-12000 yuan / ton.

The phosphoric acid market is expected to rise steadily in the short term.

According to the data monitoring of business agency, the average price of propane in Shandong market was 6963.25 yuan / ton on March 25 and 6488.25 yuan / ton on March 28, with a decline of 6.82% during the period, down 1.63% compared with March 1.

On the 28th, the domestic propane market fell sharply. Shandong propane market began to reduce the ex factory price at the weekend. On the 28th, it continued to fall, with a range of 100-200 yuan / ton. Although the rise of international crude oil prices has brought some support to the market, the market demand is weak, and it is expected that the propane market may still fall in the short term.

Price trend

According to the bulk list data of business society, the domestic PA66 market trend fell this week, and the spot prices of some brands decreased. As of March 25, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 31250 yuan / ton, with an increase or decrease of – 8.09% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the adipic acid market this week continued the decline of last week. While the supply side was relatively abundant, the terminal demand was still cautious and the transaction was not ideal, so it was difficult to support the adipic acid price to maintain a high point. The operating rate remains at a high level of 75%, and the reservoir pressure is obvious at present. The change of adiponitrile market is limited, but the start-up of adiponitrile domestic production line is approaching, there is bad news on the spot price in the short term, the level of port arrival is general, and the overall support effect on PA66 spot is limited.

The price of upstream raw material adipic acid is weak, the change of adiponitrile market is limited, and the cost side support of PA66 is poor. At present, the operating rate of the industry has little change from the previous period, and the load level of domestic PA66 enterprises is at a high level. The inventory position of the port 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 have strong resistance to high price goods. In addition, the health incident affected domestic logistics and the production of individual downstream factories, the shipment fluency of merchants was poor, the transaction resistance in the venue increased, and the mentality of sellers was affected. The range of offer negotiation this week is still large.

Future forecast

Business analysts believe that the spot price of PA66 is weak this week. The improvement of adiponitrile market on the raw material side is limited, adipic acid Market weakens, and PA66 cost side support weakens. On the supply side, PA66 enterprises have high load and high inventory pressure in enterprises and midstream. The demand side has a deep resistance to the supply of high price goods, the on-site trading continues to be sluggish, and the market momentum is insufficient. It is expected that PA66 may maintain a weak market in the short term.