According to the monitoring of the business agency, the domestic rare earth market price rose sharply in November, the domestic neodymium series rare earth price rose sharply, the terbium series market price rose to an eight year high, and the domestic rare earth market price rose sharply. According to the rare earth plate index of the business society, the rare earth index on November 29 was 414 points, which was the same as yesterday, and decreased by 58.60% compared with the highest point of 1000 points (December 06, 2011), compared with 2015 On September 13, 271, the lowest point, rose 52.77%. (Note: period refers to 2011-12-01 to now).

It can be clearly seen from the product price trend chart that the prices of domestic praseodymium and neodymium oxide, praseodymium neodymium alloy, neodymium oxide and metal neodymium increased greatly in November. As of the end of the month, the price of praseodymium neodymium oxide in domestic rare earth was 435000 yuan / ton, 30.45% higher than that at the beginning of the month, 52.90% higher than that at the beginning of the month; the price of praseodymium and neodymium alloy was 535000 yuan / ton, which was 27.8 thousand yuan / ton higher than that at the beginning of the month 99%, with a year-on-year increase of 48.61%; the price of neodymium oxide is 462500 yuan / ton, which is 29.73% higher than that of 356500 yuan / ton at the beginning of the month, 61.43% higher than that at the beginning of the month; the price of metallic neodymium at the end of the month is 602500 yuan / ton, which is 34.79% higher than that of 447000 yuan / ton at the beginning of the month, with a year-on-year increase of 67.36%; the price of praseodymium oxide rises by 4.09% in November; the price of praseodymium is stable, and the price of neodymium.

In November, affected by the tight circulation of some products and the moderate enthusiasm of downstream magnetic material enterprises to enter the market, coupled with the obvious increase in the domestic production of new energy vehicles, and the rapid development of wind power, electronic products and other terminal industries, with the slowing down of the epidemic situation, the capacity utilization rate of downstream manufacturers will continue, and the demand for NdFeB will continue to increase, but the domestic supply side still remains In a shrinking situation, serious imbalance between supply and demand, resulting in the domestic neodymium market price rise crazy. In recent years, the demand and stock up situation of permanent magnet manufacturers is more positive. Due to the increase of overseas demand, however, with the formal entry into force of the “export control law of the people’s Republic of China” on December 1, the market expects that China’s rare earth export will further shrink, and the global supply of rare earth may further shrink. At that time, the supply of rare earth will become more tense, which will promote the price of domestic market to further rise. Compared with the market price of neodymium series, the domestic heavy rare earth market price also has a corresponding rise, dysprosium terbium series market is still the model of heavy rare earth market.

It can be seen from the trend chart that the trend of domestic legitimate price in November is still rising. As of the end of the month, the price of dysprosium oxide is 1.925 million yuan / ton, with an increase of 15.27% in November; the price of dysprosium ferroalloy is 1915000 yuan / ton, with a trend of 17.13% in November. However, the domestic price of terbium series has risen sharply. At the end of the month, the domestic price of terbium oxide is 6.175 million yuan / ton, the price of metal terbium is 7.775 million yuan / ton It rose to the highest level in eight years. The domestic rare earth purchase and storage plan is a good support for domestic heavy rare earth prices. In the plan, medium and heavy rare earth accounts for a large proportion of the annual output, which is expected to have a great impact on the supply and demand and price of medium and heavy rare earth. In addition, Myanmar’s customs clearance still has a tight impact on the domestic import and supply of medium and heavy rare earth. However, the downstream demand is positive, and the price of heavy rare earth market is rising due to the terbium market Due to tight supply and imbalance between supply and demand, domestic heavy rare earth market prices are expected to continue to rise.

Under the new situation, the strategic value of rare earth is expected to continue to increase. The United States, Japan and Europe and the United States have made corresponding plans to include rare earth in the national strategic resource reserve plan. The advantages of rare earth strategic resources are prominent. China is a large rare earth reserve country, and its rare earth reserves account for 37% of the world. At the same time, China is also a major rare earth export country. The state has made corresponding adjustments to the development of rare earth industry, and the rare earth industry is moving towards high quality The development and favorable policies support the development of rare earth industry, and the price trend of domestic rare earth market is strong.

In the near future, rare earth prices will continue to rise in the domestic market, but the domestic market demand for rare earth resources will continue to rise.

1、 Price trend

According to the data from the large business club list, the price trend of TDI in East China continued to decline in November. At the beginning of the month, the average price of TDI market was 16666.67 yuan / ton, and the average price of TDI at the end of the month was 12933.33 yuan / ton, with an overall decline of 22.40% and an increase of 11.49% over the same period of last year.

2、 Market conditions

This month, the domestic TDI market price continued to decline. Driven by the continuous downward adjustment of the factory guidance price, the bearish sentiment in the market continued and the market fell significantly. Driven by the rise of related products polyether, some downstream suppliers had the mentality of preparing goods, and the market was full of low-cost goods. They accepted the high price on the low side, and the purchasing enthusiasm was weak, and the main market had great resistance to trading. In the later stage, polyether rose again, and the price continued to rise, which put great pressure on the downstream sponge factories. The purchase was mainly based on the previous inventory or on-demand procurement, and the TDI market attitude was cautious. As of the 30th, the quotation of domestic goods in East China is 12500-12800 yuan / ton, and the quotation of Shanghai goods with bill of lading is 13000 yuan / ton.

In this month, the price of nitric acid in the upstream of TDI was stable and upward, and the market price was 1800 yuan / T by the end of the month. The market demand was weak and stable, and the manufacturer’s quotation was flexible, and the market was stable in the later stage. The price trend of toluene in the upstream was fluctuating and upward, the port inventory was still high, the pressure of de stocking was not reduced, the downstream demand was general, and the market trading was not active At about 3580 yuan / ton, the price of toluene in the domestic market is expected to maintain a volatile trend in the later period.

3、 Future forecast

According to the analysis of the Data Engineer of the business agency, at present, the TDI market is weak and rigid, the mentality of the operators is rigid, the mentality of dealers is becoming more cautious, and the downstream demand begins to enter the off-season. It is expected that the short-term TDI market will continue to organize and operate, and pay attention to the factory policy guidance.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume in the domestic market as an example, the price of titanium dioxide rose in this month according to the data of the business club’s bulk list. At the beginning of November, the average price of titanium dioxide in China was 15333.33 yuan / ton. As of November 27, the average price was 16000 yuan / ton. The price rose by 4.35% in the month.

2、 Market analysis

The market price of titanium dioxide rose this month. Based on the current foreign trade export market orders are relatively stable, supply side manufacturers and dealers in stock is still relatively tight, coupled with raw material titanium concentrate Market boost. At present, the price of titanium dioxide is still at a high level. Up to now, the factory price of rutile titanium dioxide with tax is 15000-16800 yuan / ton, and that of anatase titanium dioxide is 13200-14000 yuan / ton.

In October 2020, China’s titanium dioxide output was 322900 tons, an increase of 20700 tons compared with September, a month on month increase of 6.85%, and a year-on-year increase of 17.57%. From January to October, the total output of titanium dioxide was about 2.8392 million tons, an increase of 9.57% over the previous year, an increase of 248000 tons.

According to customs data, in October 2020, China’s titanium dioxide export was about 110200 tons, a year-on-year increase of 38.84%, and a month on month decrease of 1.43%. From January to October, the cumulative export was about 1.005 million tons, with a year-on-year increase of 21.88%.

In terms of raw materials, the price of titanium concentrate in Panzhihua Xichang area rose this month, and the market price of imported titanium ore also rose, which supported Panzhihua mine to a certain extent. Downstream buyers are under great pressure, and the actual transaction situation is general. Up to now, the prices of 46,10 titanium ore and 1320-1400 yuan / ton for 46,10 titanium ore, 2050 yuan / ton for 47,20 ore and 1320-1400 yuan / ton for 38,42 ore, respectively. In the short term, the price of titanium concentrate will continue to be strong, with a single discussion.

3、 Future forecast

Titanium dioxide analysts believe that: at present, export orders of enterprises perform well, and domestic spot is still tight. The price of raw material titanium ore is high, and the cost support still exists. It is expected that the titanium dioxide market will mainly operate at a high level in the short term. With the domestic demand market entering the off-season, the actual transaction price will be discussed according to the spot situation.

1、 Price trend

The domestic PS market was stable and fell, and some rose, with a range of 50-400 yuan / ton. Styrene futures spot lower, more drama industry outlook sentiment, profit continue to let profit shipment, some bulk cargo negotiation focus lower. However, the agent replenishment cost is high, the market vehicle offer volatility is not big, shipment is relatively weak. According to statistics, the market in East China received 10250-14500 yuan / ton of benzene and 16900 yuan / ton of modified benzene.

2、 Market analysis

Zhanjiang Sino US PS ex factory price, 525 quoted 11400 yuan / ton. The ex factory price of CITIC Guoan PS is 10600 yuan / T. Dongguan PS (polystyrene) market rose and fell. Cost supply and demand side game, businesses follow the market operation, trading atmosphere is weak.

3、 Future forecast

Under the influence of the sharp drop of raw material styrene, the profit margin of PS will continue to yield, and the shipment may be relatively large. However, the settlement and pricing of PS factory are higher, and the supply of goods is tight, so the market may be adjusted in a narrow range. It is expected that the market in East China will receive 10200-14500 yuan / ton of benzene.

Price trend:

According to the data of the business club’s bulk list, the domestic ABS market continued to run strongly in the middle and late November, and the spot price has been adjusted at a high level recently. As of November 24, the mainstream offer price of general-purpose ABS was about 19500.00 yuan / ton, which was 11.43% higher than the average price at the beginning of the month.

Factor analysis:

In terms of styrene upstream of ABS, the mainstream domestic styrene price rose and then declined, showing an inverted “V” trend. On November 16, the price of sample enterprises of business cooperatives was 9266.67 yuan / ton, and on November 24, the price of sample enterprises was 8450.00 yuan / ton, which was 19.86% higher than the average price level at the beginning of the month. At present, crude oil fluctuates widely and the overall price rises. The price of pure benzene rose first and then fell, following the trend of styrene. Before this, the sharp rise in styrene led to a rise in the price of pure benzene. On the 17th, styrene began to fall, and pure benzene also fell. Due to no substantial improvement in demand, the market trading atmosphere turned to be cautious and wait-and-see. It is expected that in the short term, the terminal demand of the traditional off-season will shrink, and the downstream production will continue to reduce. Overall, under the strong spot futures weak trend, styrene followed the trend of futures.

ABS upstream acrylonitrile, recent domestic acrylonitrile prices have increased. Raw material propylene market rise is obvious, manufacturers inventory is controllable, the rise is expected to continue. The rise in the far upstream crude oil was also good for propylene and acrylonitrile. On the supply side, acrylonitrile in stock continues to be in short supply, and it is unlikely to improve in the short term. Business offers generally rose, there is some hype atmosphere. Downstream demand is general, mainly against high price goods. It is expected that the price of acrylonitrile will be stable in the near future.

The domestic butadiene market has maintained a positive trend in the near future, with a steady rise. According to the sample data monitored by the business agency, as of November 24, the mainstream offer price of butadiene was about 9907.50 yuan / ton, an increase of 7.69% compared with the beginning of the month. The external price has strengthened recently, which has a driving effect on the domestic spot price. Domestic petrochemical plants have generally raised their offer to enhance market confidence. With the increase of business quotation, the supply of low-priced goods decreased. Generally speaking, buyers are willing to make an offer in the market, and they are willing to make an offer. It is expected that butadiene will continue to rise steadily in the near future.

At present, the domestic ABS market price is high, and the spot price continues to rise in the near future. The prices of the three upstream materials are up and down. Generally speaking, the support from the cost side is acceptable. In terms of supply, domestic ABS supply is tight and the pattern remains unchanged. Although some brands in the South China market have been reversed, the terminal demand is still strong and the downstream orders are steadily increasing. With the increasing cost pressure of downstream factories, the purchasing operation gradually has a certain resistance to the high price goods, and began to maintain the just needed goods. It is heard that some household appliance factories have taken the initiative to reduce production. With the resistance of trading, the merchants slowed down and increased their offer, but the circulation of goods in the market was tight, ABS fundamentals were relatively stable, and the price center of domestic ABS was still stable.

Future forecast:

Business agency analysts believe that: recent ABS market high finishing, the price of each brand is mutual. The cost side of the upstream three material ups and downs on the ABS cost side of the support is OK. At present, ABS spot supply is still tight, downstream demand is temporarily stable, there is resistance to high price goods. It is expected that the domestic ABS price will be high consolidation in the near future.