According to the analysis system of the commodity market of the Business Society, as of June 30th, the average price of PMMA, a general transparent and high-quality product in China, was 14700.00 yuan/ton. This week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream purchases were mainly for immediate needs.

In June, the domestic general transparent grade premium product PMMA operated smoothly, with prices remaining unchanged compared to the same period last week. The purchasing atmosphere was cold, and downstream demand was average. Currently, the quotation range of mainstream manufacturers is still around 14800 yuan/ton. The operating rate is stable, and the overall market supply and demand is balanced. Manufacturers are offering discounts and taking orders, and downstream purchases are just needed.

Rubber and Plastic Index: On June 28, the rubber and plastic index stood at 643 points, unchanged from yesterday, a decrease of 39.34% from the cycle’s highest point of 1060 points (2012-03-14), and an increase of 21.78% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

PMMA analysts from Business Society believe that in the short term, PMMA will maintain stable operation and the range of price fluctuations is limited.

Price trend

The domestic PA66 market has shown a negative trend this month. According to data monitoring from Business News Agency, the benchmark price of domestic PA66 was 19666.67 yuan/ton on June 30th, with a decrease of -5.75% compared to the price level at the beginning of the month.

Cause analysis

This month, the PA66 market continued its previous weak trend, and overall, spot prices of various brands have declined. In terms of supply, the overall load of the domestic PA66 industry remained at around 60% in June, a narrow decrease compared to the previous period. The coexistence of enterprise construction and maintenance shows a trend of rotating negative reduction, but the on-site supply is relatively sufficient, so the supply contraction is not significant in supporting the spot goods. Poor inventory digestion has affected corporate confidence, and pricing operations are cautious. In terms of upstream, the domestic Adipic acid market continued to decline, and the low start and low demand continued to play a game, increasing the decline. The raw material side of PA66 has poor support for spot goods. In terms of demand, the situation is stable with some weaknesses, and terminal enterprises mainly rely on goods to maintain production. Buyers generally have limited acceptance of high priced sources of goods. It is expected that PA66 may continue its weak consolidation in the short term.

Future Market Forecast

The spot price of PA66 in June stabilized first and then fell. The weakening of the raw material market has led to poor support for the cost side of PA66. The load of PA66 enterprise is maintained, and the supply support is not obvious. The demand side takes goods to maintain production, and it is expected that PA66 may maintain a weak consolidation market in the short term.

According to the data monitored by the business community, as of June 29, the price of Lithium iron phosphate, an excellent power product, was 95000 yuan/ton. In June, the market of Lithium iron phosphate rose broadly. In June, the overall price of Lithium iron phosphate rose 3.26%, 1.06% higher than the price in the same period last week. At present, the mainstream price is about 95000 yuan/ton. The main contract customers do not accept new orders.

In June, Lithium iron phosphate rose slightly, the price rose, and the focus of the negotiation was high. The price at the beginning of the month was 92000 yuan/ton, and the price at the end of the month was 95000 yuan/ton, an overall increase of 3.26%. At present, the mainstream price is about 95000 yuan/ton, and the downstream replenishes as needed. The upstream Lithium carbonate price is high, and the cost side of Lithium iron phosphate is certain to support. In the short term, Lithium carbonate maintains its early trend. The manufacturer supplies only old customers, and new customers do not take orders.

Chemical Commodity Index: On June 28th, the chemical index stood at 801 points, a decrease of 2 points from yesterday, a decrease of 42.79% from the highest point in the cycle of 1400 points (2021-10-23), and an increase of 33.95% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Analysts of Lithium iron phosphate from the business agency believe that the Lithium iron phosphate market will operate stably, moderately and strongly in the short term.

According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market experienced high volatility in June. From June 1st to 28th, the domestic aggregated MDI market price increased from 15600 yuan/ton to 16400 yuan/ton, with a price increase of 5.13% during the cycle and a maximum amplitude of 8.21%. The price fell by 9.93% year-on-year.

At the beginning of the month, the atmosphere of the domestic aggregated MDI market significantly improved, with traders facing tight supply and prices gradually rising. Major production enterprises announced the latest prices for June, boosting the market atmosphere. The downstream market slowly followed up, and the tracking atmosphere was still average. We continue to wait for digestion and follow-up.

In mid month, major production enterprises announced mid month guidance prices, which were slightly increased, boosting market sentiment and causing traders to quote higher prices. Under the concentrated boost of many positive news, reserve orders have increased, buying has improved, and prices continue to rise.

In the latter half of this month, multiple production enterprises began to inspect their devices one after another, resulting in a tight supply of goods in the market. Traders took advantage of this opportunity to increase their quotations, and there was also incremental support in the terminal export market. The market atmosphere continued to be warm.

Towards the end of the month, although major production enterprises suspended sales, traders still had relatively abundant supply of goods on hand. Downstream resistance to high prices led to demand orders, and the market atmosphere immediately weakened, leading to a narrow decline in aggregated MDI prices.

On the supply side, the operating rate of the unit is low. The 3.5+2.4 million ton/year mother liquor unit of Shanghai Lianheng has been overhauled since June 11, which affects the rectification units of Huntsman Corporation and BASF, the 400000 ton/year unit of Ningbo Phase I has been shut down for maintenance, and the 800000 ton/year unit of Phase II has been operated at low load. In addition, the load of the Fujian unit has been reduced to maintain about 50% of the operating load, which adds up to the 600000 ton/year unit of Shanghai due to the front-end raw material supply problem, Resulting in a decrease in operating load and expected shrinkage in supply and inventory of goods.

On the cost side, raw material pure benzene: The domestic pure benzene market continued to be weak in June. As of June 28th, the benchmark price of pure benzene for Shangshang Society was 6187.17 yuan/ton, a decrease of -5.69% compared to the beginning of this month (6560.50 yuan/ton). The overall demand atmosphere is weak, with downstream consumption of raw material inventory being the main factor, making it difficult for the pure benzene market to change the downward trend. Raw material aniline: In June, the aniline market was dominated by weak consolidation. As of June 28th, the benchmark price of aniline in Shangshang Society was 10225.00 yuan/ton, a decrease of -6.30% compared to the beginning of this month (10912.50 yuan/ton). The cost side of short-term aggregated MDI is bearish.

On the demand side, based on the buying gas in the first half of June, there is still more buying and rising in the downstream, with prices continuing to rise and a stronger willingness to consume inventory. As prices reach high levels, downstream resistance breeds, the market atmosphere weakens, and the price trend narrows down. The demand for short-term aggregated MDI is mixed.

In the future market forecast, as prices rise, the market atmosphere gradually weakens, and traders’ quotes are scarce, with a focus on wait-and-see. Business Society aggregates MDI analysts

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market prices fluctuated and fell in June. The price of hydrochloric acid decreased from 175.00 yuan/ton at the beginning of the month to 173.00 yuan/ton at the end of the month, a decrease of 2 yuan/ton, or 1.14%. The price at the end of the month decreased by 38.76% year-on-year.

On June 27th, the hydrochloric acid commodity index was 45.53, unchanged from yesterday, a decrease of 66.98% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 153.23% from the lowest point of 17.98 points on September 5th, 2012. (Note: The cycle refers to the period from September 1st, 2011 to the present)

From the supply side perspective, the domestic hydrochloric acid market has seen both ups and downs this month, with manufacturers having low inventory.

Cost side: The price of liquid chlorine has significantly increased

From a cost perspective, the liquid chlorine market saw a significant increase in June. Cost support is good.

Demand side: Downstream demand is weak

In June, the market price of ammonium chloride significantly decreased, with the market price dropping from 627.50 yuan/ton at the beginning of the month to 597.50 yuan/ton at the end of the month, a decrease of 4.78%. The price at the end of the month decreased by 62.42% year-on-year. The downstream Aluminium chlorohydrate market declined slightly, with the market price falling from 1768.75 yuan/ton at the beginning of the month to 1721.25 yuan/ton at the end of the month, down 2.69%, and the price at the end of the month fell 22.81% year on year. The downstream market has slightly declined, and downstream manufacturers have weak enthusiasm for purchasing hydrochloric acid.

Looking at the future market: In mid to early July, the hydrochloric acid market may experience slight fluctuations and gains. The price of upstream liquid chlorine rose sharply at the end of the month, and the cost support increased. The downstream market of ammonium chloride and Aluminium chlorohydrate declined slightly, and the downstream purchasing enthusiasm was weak. Analysts from Business Society believe that the recent market for hydrochloric acid may experience slight fluctuations and gains.