Category Archives: Uncategorized

HIPS market is weak this week (6.21-6.25)

According to the business news agency’s block data list, the average price of domestic hips on June 25 was 12533.33 yuan / ton, down 0.27% from the beginning of the week, 5.29% from the beginning of the month, and 7.62% from the beginning of the month.

2、 Market analysis

This week, the market of hips was weak and the price fell slightly. The raw material Styrene Market stopped falling and rebounded in the week, but the cost side didn’t have enough support. The hips market still didn’t improve, and the benzene market picked up, which was better than the benzene market. At present, the off-season demand is poor, the downstream gas buying is insufficient, the delivery pressure of the cargo holders is large, the price is under pressure, and the market is difficult to be optimistic in the short term. Up to now, Guangzhou Petrochemical 660 reference price is 12400 yuan / ton, Zhanjiang Zhongmei 990 reference price is 12300 yuan / ton, Shanghai Secco 622 reference price is 12900 yuan / ton, the overall market is weak.

For international crude oil, on June 24, international oil prices rose slightly. The settlement price of the main contract in the US WTI crude oil futures market was US $73.30/barrel, up 0.22 US dollars or 0.3%. Brent crude oil futures market settlement price of the main contract at 74.81 U.S. dollars / barrel, or 0.31 U.S. dollars or 0.4%. The oil price continued to consolidate at a high level. At present, the price has reached the highest level in nearly three years, mainly due to the support of US commercial crude oil inventory data and the delay of Iranian oil’s return to the market.

In terms of raw materials, the market price of styrene stopped falling and rebounded this week, rising sharply. On June 18, Shandong styrene closed at 8750-8900 yuan / ton, and on June 25, it was 9100-9200 yuan / ton, up about 300-350 yuan / ton, above the can price of Zhangjiagang. On June 18, South China styrene closed at 8750-8800 yuan / ton for delivery, and on June 25, 9250-9300 yuan / ton, up 500 yuan / ton. The delivery price of the above factories was lower.

3、 Future forecast

Business news agency believes that the current cost side of the boost is insufficient, combined with poor downstream demand in the off-season, insufficient gas buying, there is a certain pressure on the sales of goods holders, and the price of hips is under pressure. It is expected that the price of hips will fluctuate slightly in the short term, and we need to pay close attention to the price trend of raw materials.

PVA

Yellow phosphorus prices fell first and then stabilized this week (6.17-6.24), or will rebound

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus fell this week. The average price of yellow phosphorus last Thursday was 21000 yuan / ton, and the average price on Thursday was 19100 yuan / ton, falling by 9.05% in the week.

2、 Market analysis

This week, the price of yellow phosphorus fell first and then stabilized. At present, the yellow phosphorus enterprises in Yunnan Province have been restored to production, but the furnace is very limited. No new start-up enterprises are available this week. Downstream construction has been improved, and the stock has increased, and the overall market supply is becoming tense. The price of yellow phosphorus began to stop falling and stabilize. Up to now, the price of yellow phosphorus area in Yunnan is 19200-22000 yuan / ton; The quotation in Sichuan is about 19800-20000 yuan / ton; The price of Guizhou is about 19000-19500 yuan / ton.

In terms of raw materials, the price of Yungui phosphate rock increased this week. The average price of phosphate ore last Thursday was 510 yuan / ton, and the average price on Thursday was 526.67 yuan / ton, and the price rose in the week, with an increase of 3.27%. Domestic phosphorus ore market supply is tight, the enterprise main issue early order. The price of 28% of the low-grade phosphate rock car in Guangxi is near 380-420 yuan / ton, the market atmosphere has improved, and the orders are mainly in the early stage of delivery.

In terms of coke, the coke market is mainly in the overall strong operation today, and the first round of rise in some regions has been implemented, and the mainstream steel plants in the rest of the region have not responded. Upstream side is still tight due to environmental protection inspection of the overall supply of coking coal in China. Taiyuan and Luliang area have increased production of high-quality main coking coal, and the Imported Coking Coal in Mongolia is still in short supply in terms of epidemic situation, and coking coal supply is still insufficient. Coking enterprises are still tight in the supply of high-quality coke, because some manufacturers have the intention of limiting production due to the shortage of raw materials. Most steel mills have received the first round of increase in steel mills, and the intention of increasing the warehouse in steel plants is strong due to the tight supply of coke. Analysts of business society believe that the current coke market is tight supply, and the upstream coking coal price is high, which is strongly supported by coke cost, and it is expected that the coke price will be mainly strong in the short term. In the future, we will focus on the coke inventory of each link, as well as the impact of recent local environmental protection policies on the upstream and downstream operating rates.

On the downstream phosphoric acid side, according to commodity data monitoring, phosphoric acid prices fell this week. The average price of phosphoric acid last Thursday was 6300 yuan / ton, and that of phosphoric acid on Thursday was 6000 yuan / ton, and the price fell in the week, with a range of 4.76%. At present, the raw material yellow phosphorus high level falls down, phosphoric acid market is cautious to wait and see, the volume of trading is good, the actual transaction is mainly negotiated..

3、 Future forecast

Analysts at the chemical branch of the business society believe that the price of yellow phosphorus fell early this week and the price of the weekend stopped falling and stabilized. Downstream construction has been improved, and the stock has increased, and the supply of yellow phosphorus in the overall market tends to be tight. The price of the upstream phosphate rock increased, and it is expected that the yellow phosphorus price will rebound or stabilize slightly.

PVA

The market price of SBR rebounded slightly on June 23

Trade name: styrene butadiene rubber 1502

Latest price (June 23): 12558 yuan / ton

Key points of analysis: according to the monitoring of business news agency, the domestic price of styrene butadiene rubber was 12558 yuan / ton on the 23rd, up 0.47% from the previous day. Recently, the price of natural rubber rebounded slightly, and the bad atmosphere weakened. Butadiene rose sharply, styrene stabilized, and cost support was strong. According to the monitoring of the business association, the butadiene price was 8827 yuan / ton on June 23, up 18.35% from 7458 yuan / ton at the beginning of the month; On June 23, the price of styrene was 8912 yuan / ton, down 7.80% from 9666 yuan / ton at the beginning of the month, and up 2.30% from 8712 yuan / ton at the beginning of the week. The butylbenzene units of Yibang and Jihua were overhauled, which relieved the pressure of butylbenzene supply.

Future forecast: since April, butylbenzene has fallen sharply, some bad risks have been released, butadiene has risen sharply, and the unit maintenance of Yibang / Jihua has relieved the pressure on butylbenzene supply. Overall, SBR is expected to stabilize in the short term.

PVA

Salicylic acid market was weak and stable this week (6.14-6.18)

1、 Price trend

According to the price monitoring of the business association, on June 18, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14250 yuan / ton, which was the same as that at the beginning of the week, with a month on month decrease of 2.84% and a year-on-year decrease of 2.84%. On June 20, the salicylic acid commodity index was 84.82, which was the same as yesterday, decreased by 15.69% from the highest point of 100.60 (2011-09-19) in the cycle, and increased by 18.75% from the lowest point of 71.43 on March 29, 2016( Note: period refers to the period from September 1, 2011 to now

2、 Market analysis

This week, salicylic acid market weak stable operation, the enterprise has not adjusted, still implement the early quotation. At present, the raw material phenol is running in shock, the price fluctuation is not big, the impact of salicylic acid market is limited, the price is mainly stable operation, sporadic downward. At present, the shipment of industrial grade salicylic acid is fair, other grades are slightly weaker, and the overall demand of downstream has little change. As of June 18, the average price of salicylic acid (industrial grade) mainstream manufacturers was 14250 yuan / ton. The quotation of industrial grade enterprises was mostly in the range of 13000-15500 yuan / ton, the quotation of pharmaceutical grade enterprises was mostly in the range of 23000-26000 yuan / ton, and the quotation of sublimation grade enterprises was mostly in the range of 17200-20000 yuan / ton. There was little change in salicylic acid of each grade.

In terms of raw materials, the domestic phenol market was in a volatile operation, with a slight stalemate in the market and little change in the fundamentals. The negotiation atmosphere in the market was weak, and the price of the goods was stable. However, the terminal factory was not in a good mood for replenishment, and the gas buying was not high. It was just necessary to follow up, and the transaction was flat. The business community expected that the domestic phenol market would be weak today, and the market negotiation was expected to be 8900-9000 yuan / ton.

3、 Future forecast

Salicylic acid analysts of business news agency believe that: at present, the overall demand of downstream is weak, and the raw material is not enough to boost. The salicylic acid market price is weak, stable and sporadic downward. It is expected that the salicylic acid market will continue to advance steadily in the short term, and the trend of raw material price needs to be paid attention to.

PVA

Stable operation of lithium carbonate price

According to business news agency data monitoring: this week, the price of industrial grade and battery grade lithium carbonate is still in a stable state. On June 18, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was stable compared with that at the beginning of the week (on June 14, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton). On June 18, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton, which was stable compared with that at the beginning of the week (on June 14, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton). On the 18th, the comprehensive quotation of industrial grade lithium carbonate market was around 82000-90000 yuan / ton, and the comprehensive quotation of battery grade lithium carbonate market was around 85000-92000 yuan / ton.

From the observation of market changes, since the beginning of early May, the price of lithium carbonate has been in a state of stable operation, the market supply and demand is stable, and the enterprises mainly make long-term orders, and occasionally make small orders. At present, the industrial grade lithium carbonate is in a tight state, and the market supply is relatively small, so the prices of some enterprises also have a slight upward trend.

The price of downstream lithium hydroxide was stable this week and entered June. From the supply side, the spot supply in the market was tight, and the positive support on the demand side continued, which was consistent with the initial on-site offer. In terms of LiFePO4, the price is mainly stable, the supply and demand are balanced, the main supply is contract customers, and the number of new customers is limited.

On June 17, the lithium carbonate commodity index was 221.66, unchanged from yesterday, down 45.28% from 405.10 (2018-01-07), the highest point in the cycle, and up 124.94% from 98.54, the lowest point on October 16, 2014( Note: period refers to the period from September 1, 2011 to now

According to the lithium carbonate analysts of business news agency, due to the rapid rise in the price of lithium carbonate in the first half of the year, the pressure of downstream procurement increased, and the situation of buying only when the demand was just out of demand. In addition, the current enterprises are active in production, and the output is relatively stable, so it is expected that the price of lithium carbonate may continue to maintain stability in the short term.

PVA