Trade name: titanium dioxide

Latest price: December 9: 20700 yuan / ton

Key points of analysis: weak stability finishing in domestic titanium dioxide market. The market demand for titanium dioxide is relatively light, the market inquiry is general, the transaction of new orders is weakened, and traders are more cautious in taking goods, wait-and-see and purchase on demand.

It is expected that the titanium dioxide market will operate stably in the short term.

Trade name: urea

Latest price (December 8): 2452.00 yuan / ton

On December 8, the ex factory quotation of domestic urea increased slightly, up 2.00 yuan / ton or 0.08% compared with that on December 6, and 35.72% compared with the same period last year. The prices of upstream coal and liquefied natural gas have fallen slightly recently, and the cost support has weakened. In terms of demand, agricultural demand increased slightly, while industrial demand was mainly on the sidelines. The promotion of winter storage of chemical fertilizer was slow, and large urea purchase orders began to appear in the downstream compound fertilizer plants. The inventory of melamine enterprises was under pressure, and the focus of market negotiation was weakened. In terms of supply, the inventory of urea manufacturers is high, and the daily output of urea is about 150000 tons. At the end of the month, the gas head unit will be shut down one after another, and the urea output will decline. On the whole, the urea cost support is general, the downstream demand is mainly just demand, the market trading atmosphere is general, and the urea supply is reduced.

In the future, the ex factory price of domestic urea is expected to rise slightly: the average price quoted by the manufacturer is about 2480 yuan / ton.

441# silicon price trend

Market analysis

On July 7, 44# metal silicon prices were weak and stable temporarily, with an average price of 24030 yuan / ton in the domestic market. From the perspective of supply and demand, there is a backlog in the inventory of the silicon plant, but the transaction on the demand side is cautious and the price is pressed more, resulting in poor shipment of the silicon plant and a stalemate in the metal silicon market as a whole. Recently, silicon plants have been shut down for maintenance, and metal silicon is expected to return to the balance of supply and demand.

From the perspective of cost, the price of coke market is temporarily stable today. Some enterprises have started the first round of increase of 120 yuan / ton. With the recovery of downstream purchase intention, the coke price shows signs of rebound. Superimposed with the rise of electricity price in some areas, the cost of businesses rises, and the willingness of silicon plants to make concessions is weak.

Future forecast

Business analysts believe that with the shutdown in the dry season, the possibility of silicon price rebound in the short term cannot be ruled out.

Trade name: isooctanol

Latest price (December 6): 10900.00 yuan / ton

On December 6, the ex factory quotation of isooctanol in Shandong fell slightly, down 33.33 yuan / ton, or 0.30%, compared with the quotation on December 3, and increased by 9.00% year-on-year compared with the same period last year. The upstream propylene market fell slightly and the cost support weakened. The downstream DOP market fell slightly, and downstream customers were generally enthusiastic about purchasing isooctanol.

Recently, the ex factory price of isooctanol in Shandong may fluctuate slightly: the manufacturer’s quotation is about 10500 yuan / ton.

1、 Trend analysis

As shown in the figure above, the copper price fell slightly this week. As of the end of this week, the spot copper price was 69915 yuan / ton, down 1.24% from 70795 yuan / ton at the beginning of the week, up 20.64% from the beginning of the week and 22.04% year-on-year.

Copper weekly rise and fall chart

According to the weekly rise and fall chart of business society, in the past three months, it has increased by 5 and decreased by 7. Recently, it has fallen more or less.

Macro aspect: due to the rebound trend of the mutated virus epidemic in South Africa this week, there was panic in the market. In addition, both US stocks and oil prices fell sharply, resulting in metal pressure.

Supply and demand: Although the output of smelters was still affected by power restriction in some areas, the domestic electrolytic copper output picked up slightly in November. Power rationing in some main copper rod production areas in East and South China affected the start-up. The domestic copper rod start-up rate was 65.79%, down 2.31% on a weekly basis. In October, the operating rate of wire and cable enterprises was 80.45%, a month on month decrease of 3.87 percentage points and a year-on-year decrease of 14.23 percentage points.

LME copper inventories continued to fall this week

Annual comparison chart of copper

According to the annual comparison chart of business society, the price of copper this year is higher than that in recent two years, and now the price of copper has fallen slightly.

To sum up: the continuous decline of copper inventory supports the copper price, but the demand is weak. Coupled with the uncertainty of virus variation, it is expected that the short-term copper price will still maintain a weak trend of shock.