This week (5.17-5.21) the market of NBR showed a small decline. According to the monitoring of business news agency, the price of NBR was 20400 yuan / ton as of May 21, which was 0.97% lower than 20600 yuan / ton at the beginning of the week.

This week, the domestic nitrile rubber showed a slight decline, and the ex factory price of Lanhua nitrile rubber was stable. According to the monitoring of the business agency, as of May 21, the ex factory price of Lanzhou Petrochemical nitrile rubber n41e was 17700 yuan / ton; At present, 3305e offers 18800 yuan / ton; At present, 3308e offers 19700 yuan / ton. This month, India made a final anti-dumping decision on China related NBR. The export market of NBR was slightly blocked, and domestic demand was still just to be stabilized. Some businesses offered a small adjustment to the shipping negotiations. At present, according to the monitoring of business news agency, the mainstream market of Lanhua nitrile 3305 was 20000 yuan, the mainstream market of Nandi 1052 was 22000 yuan / ton, the mainstream market of Russia 3365 was 18400 yuan / ton, and the mainstream market of South Korea lg6250 was 18800 yuan / ton.

The price of raw material butadiene rose slightly, with more impact. As of May 21, butadiene price was 7006 yuan / ton, up 2.31% from 6848 yuan / ton at the beginning of the week.

Future forecast: NBR analysts of the business community believe that the relative pressure on the supply side is not big, and the price has dropped sharply in the early stage, so it is expected that the NBR market will be stable in the later stage.

At present, the international oil price has fallen sharply, the price of pure benzene and caprolactam has increased, the delivery of cyclohexanone in the spot market is not smooth, and the market has slightly dropped. According to the monitoring data of business news agency, as of May 20, the average price of domestic cyclohexanone market was 11100 yuan / ton, with a month on month increase of 7.35% and a year-on-year increase of 90.39%.

As of May 20, domestic cyclohexanone market summary:

region ., Price

East China 11400-11500 yuan / ton in cash

South China 11600 yuan / ton in cash

Shandong Province 11000-11250 yuan / ton in cash

In terms of raw materials, Sinopec increased the price of pure benzene by 200 yuan / ton, and implemented 8200 yuan / ton, which was implemented by all its refineries. The price is effective from May 12. Downstream, Sinopec’s high-end caprolactam price this week increased by 200 yuan / ton to 14700 yuan / ton (liquid high-grade products will be accepted in June).

The upstream and downstream support was weak, the wait-and-see mood was high, the pressure of cyclohexanone was high, and the transaction center was frustrated. Business community cyclohexanone analysts predict that the domestic cyclohexanone market will be weak in the short term.

1、 Trend analysis

As shown in the figure above, copper prices fell slightly on the 19th. The spot copper price was 74871.67 yuan / ton, down 1.12% from 75721.67 yuan / ton on the previous trading day, up 29.19% from the beginning of the year and 71.13% from the same period last year. LME3 copper showed a weak trend, closing at US $10258.5, down 1.51%. Shanghai copper showed a downward trend, closing at 74090 yuan, down 2.01%. The main international copper contract closed at 66220 yuan, down 1.88%.

As the data of new housing starts in the United States in April was far less than expected, the market economy showed a slow recovery trend, which made the market worry rise again. In addition, the oil price also weakened, which dragged down the trend of copper price. At present, the copper price is still at a high level, the high cost of raw materials continues to squeeze the profits of the cable industry, and the affordability of small and medium-sized enterprises is limited; Affected by high prices and other factors, the consumption peak season of the downstream market is not strong, the terminal demand is suppressed, and the production of the automobile industry is limited due to the shortage of chips. It is expected that the copper price will maintain a wide fluctuation trend in the short term.

1、 Price trend

According to the monitoring data of the business association, the price of chlorinated paraffin rose this week. On May 10, the average price of domestic chlorinated paraffin 52 was 5766 yuan / ton, and on May 14, the average price of domestic chlorinated paraffin 52 was 5866 yuan / ton, up 1.78% this week.

2、 Market analysis

The domestic price of chlorinated paraffin 52 was stable during the week. At present, the ex factory price of chlorinated paraffin 52 in Anhui is 5600-5900 yuan / ton, that in Northeast is 5700 yuan / ton, that in Hebei is 5000-5500 yuan / ton, that in Shaanxi is 6000 yuan / ton, and that in Shandong is 5000-5400 yuan / ton.

In terms of raw material liquid wax, the liquid wax market was stable this week, with good trading. Downstream on-demand procurement, tight supply, stable operation in the short term. In terms of raw material liquid chlorine, the price of liquid chlorine was low this week, with large regional differences and less inventory.

3、 Future forecast

Business analysts think. At present, the chlorinated paraffin raw material market is stable, the downstream demand is good, and the market trading volume is increasing. It is expected that the market of chlorinated paraffin will be strong in the short term and the price will continue to rise. It is suggested to pay attention to the raw material market and downstream follow-up situation.

Spot precious metal prices were weak during the year, and prices rebounded in April

According to business news agency data, on May 17, the average price of silver market in the morning was 5639.33 yuan / kg, up 2.57% in the day, up 6.91% from 5321.67 yuan / kg in the spot market at the beginning of the month (May 1); Compared with the spot price of silver at the beginning of the year (01.01), it was 5550 yuan / kg, an increase of 2.51%.

On May 17, the spot price of gold was 385.59 yuan / g, up 1.6% in the day, 4.5% higher than the average price of 369 yuan / g in the early morning of may (5.1); Compared with the spot price of gold at the beginning of the year (01.01), it was 392.70 yuan / g, down 1.81%.

US data at a glance

In April, the consumer price index (CPI) of the United States increased by 4.2%, the biggest increase in 13 years, and the producer price index (PPI) increased by 6.2%, the biggest increase in history.

In theory, precious metals are the best choice to fight against inflation. At present, it is in the best interests of the Federal Reserve to keep interest rates low and the US dollar devaluation. At present, economic data does not support the operation of raising interest rates, which is beneficial to precious metals to a certain extent.

Frequent geopolitical events

At present, the situation in the Middle East is sudden, and the conflict between Palestine and Israel breaks out again, which to a certain extent causes the market risk aversion.

Silver consumption expected to improve

In terms of physical consumption, the industrial demand for silver and platinum is expected to grow strongly driven by economic recovery, especially driven by the concept of green and renewable energy.