1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, palm oleic acid operated steadily this week. As of April 18th, the mainstream price of palm oleic acid (purity ≥ 70) in China was 11466.67 yuan/ton, which remained unchanged from last week and increased by 0.29% compared to April 1st.

2、 Market analysis

Cost side:

Since April, the palm oil market has been mainly oscillating and declining. As of April 17th, the average price of palm oil in the market is 8038 yuan/ton, a decrease of over 5%. In the near future, Malaysia’s palm oil has been in a production increase cycle, and the bearish sentiment is still present, putting pressure on the rise of palm oil in the future.

Demand side:

The demand in the downstream market appears weak, the consumption speed at the end is relatively slow, the usage is not improving, the purchasing willingness is poor, and the demand side is bearish, affecting the palm oil acid market.

This week, the utilization rate of palm oleic acid production capacity was around 6.2 levels. Due to poor shipment volume, inventory gradually accumulated, and producers mainly focused on handling inventory, resulting in a delay in cost side bearish sentiment.

3、 Future Market Forecast

The inventory of palm oleic acid is currently quite abundant, and downstream factories mainly purchase based on actual demand, with a relatively cautious attitude. Although the main downstream factories maintain a normal production rhythm, the operating rate of the terminal factories is relatively low, and the procurement enthusiasm is not high. In the future, palm oil prices are under pressure due to rising prices, and there is room for price increases in raw materials. Cost support is expected to strengthen, and it is expected that the range of the palm oleic acid market will mainly consolidate.

According to the data from the Commodity Market Analysis System of Business Society, since April, the hydrogen peroxide market has weakened and prices have fluctuated and fallen. On April 1st, the average market price of hydrogen peroxide was 946 yuan/ton. On April 17th, the average market price of hydrogen peroxide was 916 yuan/ton, with a price drop of 3.17%.

Negative pressure on hydrogen peroxide market oscillation and decline

In early April, the performance of terminal paper and caprolactam was average, with a decrease in the amount of purchased hydrogen peroxide. The hydrogen peroxide market was mainly weak and the price was slightly lowered, with an overall quotation of 900-950 yuan/ton. In the middle of the month, the market for caprolactam surged, and the quantity of purchased hydrogen peroxide increased. The hydrogen peroxide market slightly increased, but due to the still sluggish market for printing paper and other products, the hydrogen peroxide market continued to decline weakly after the rise. As of April 17th, hydrogen peroxide has decreased by over 3% compared to the beginning of the month.

Chemical analysts from Business Society believe that in late April, terminal demand for hydrogen peroxide remained sluggish, putting pressure on the market’s future upward trend.

Price trend

According to the Commodity Market Analysis System of Business Society, as of April 16th, the average price of industrial grade lithium hydroxide in China was 106600.00 yuan/ton, an increase of 0.57% compared to last Tuesday (April 9th).

Recently, the lithium hydroxide market has fluctuated and risen narrowly. Recently, the price of spodumene concentrate has been stable, while the upstream lithium carbonate price has remained stable with relatively stable cost support. The supply side finished product inventory is in the middle position, and the downstream high nickel production is extremely stable with an increase. The market atmosphere is active, and the demand side has increased to support the market’s price mentality. However, the downstream intention to buy high priced raw materials is still cautious, and the lithium hydroxide market is mainly subject to narrow adjustments.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on April 15th, the reference price for lithium carbonate industrial grade was 108800.00, an increase of 1.68% compared to April 1st (107000.00). Recently, the price of lithium carbonate has undergone a narrow adjustment, which still provides sufficient support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, the downstream market is currently mainly focused on following up on low demand, with reasonable cost and demand support. Business owners have a strong wait-and-see attitude, and it is expected that the lithium hydroxide market will operate in a narrow range in the short term. The specific trend still needs to pay attention to market news guidance.

According to the Commodity Analysis System of Business Society, in mid April, the price of chloroacetic acid was 3187 yuan/ton, a decrease of 13 yuan/ton from 3200 yuan/ton at the beginning of April, basically unchanged.

On the demand side, downstream glyphosate has recently bottomed out and rebounded. Although the domestic trade market has performed poorly, the demand in the foreign trade market is steadily releasing, and the market demand is developing well. Some companies have already filled their orders in April and are expected to perform positively in the future.

Business Society analysts believe that the downstream demand for chloroacetic acid has surged, providing strong support for its price, and the recent market may mainly fluctuate and rise.

1、 Price trend

According to the commodity market analysis system of Business Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the weekend was 18100 yuan/ton, a decrease of 30.38% compared to the same period last year. On April 11th, the bromine commodity index was 63.51, unchanged from yesterday, a 74.10% decrease from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 7.79% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

2、 Market analysis

This week, the price of bromine is in a weak trend, with mainstream prices in the Shandong market ranging from 18000 to 21000 yuan/ton, and market prices are consolidating horizontally. The supply of bromine manufacturers is now stable, and the actual transactions of enterprises are average. The downstream flame retardant and intermediate industries are still mainly purchasing on demand recently, and the transaction situation is average, with a strong wait-and-see attitude. In terms of raw materials, domestic sulfur prices have risen, with an average market price of 1110 yuan/ton at the beginning of the week and 1176.67 yuan/ton at the end of the week. The price has increased by 6.01%, an increase of 25.18% compared to the same period last year.

It is predicted that the price of bromine will be consolidating in the near future, and the price of upstream sulfur will rise. However, bromine shipments will be average in the near future. The downstream flame retardant and intermediate industries of bromine will still mainly purchase according to demand, with moderate replenishment of inventory. There is no positive support, and it is expected that the price of bromine will fluctuate in the short term. The specific situation depends on the downstream market demand.