In June, the price of plasticizer DOP first increased and then decreased

According to the Commodity Market Analysis System of Shengyishe, as of June 28th, the price of plasticizer DOP was 9875 yuan/ton, a fluctuating decrease of 2.35% compared to the DOP price of 10112.50 yuan/ton on June 1st; Compared to the DOP price of 10400 yuan/ton on June 10th, it has decreased by 5.05%. The market for plasticizer raw material phthalic anhydride fluctuated and fell, while the price of isooctanol first rose and then fell. The cost of plasticizer decreased, and in June, the price of plasticizer first rose and then fell.

In June, the price of raw material isooctanol first rose and then fell

According to the Commodity Market Analysis System of Shengyishe, as of June 28th, the price of isooctanol was 9740 yuan/ton, a fluctuating decrease of 1.62% compared to the price of isooctanol on June 1st, which was 9900 yuan/ton; Compared to June 10th, the price of isooctanol decreased by 4.13% to 10160 yuan/ton. In June, the price of isooctanol first rose and then fell, and downstream factories faced difficulties in sales. Enterprises showed average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has fluctuated and declined. Downstream purchases are mainly small orders. Isooctanol manufacturers have poor shipments, and downstream customers have a strong demand for procurement, increasing the pressure on the decline of isooctanol.

The price of raw material phthalic anhydride fluctuated and fell in June

According to the Commodity Market Analysis System of Business Society, the domestic market price trend of ortho phthalic anhydride in June fluctuated and fell. As of June 28th, the quoted price of ortho phthalic anhydride was 8050 yuan/ton, a decrease of 1.68% from the price of 8187.50 yuan/ton on June 1st. At the end of June, the domestic price for ortho phthalic anhydride was 7800-8000 yuan/ton before leaving the factory, while the domestic price for ortho phthalic anhydride was 7300-7600 yuan/ton before leaving the factory. The operating rate of domestic phthalic anhydride is around 60%, and the spot supply of phthalic anhydride is stable. The purchasing situation of phthalic anhydride manufacturers is average. At the end of June, the price of industrial naphthalene rebounded slightly, and the market for naphthalene phthalic anhydride stabilized. The market for ortho benzene stabilized, and the market for ortho benzene phthalic anhydride fluctuated and fell. The market for phthalic anhydride fluctuated and fell in June.

Future expectations

Business Society plasticizer product data analysts believe that in June, the price of raw material isooctanol first fell and then rose, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP decreased; Downstream manufacturers are operating poorly, and the demand for plasticizers is expected to be poor. In the future, the price of isooctanol will first rise and then fall, while the price of phthalic anhydride will fluctuate and fall. The cost of raw materials will decrease, and coupled with poor downstream demand, the price of plasticizer DOP will fluctuate and fall in the future.

According to the Commodity Market Analysis System of Shengyishe, as of May 31st, the average price of epoxy propane for enterprises was 9137.50 yuan/ton, a decrease of 0.95% compared to the price on May 1st.

The market price of epoxy propane slightly decreased in May. After the holiday, the raw material propylene fluctuated and rose, while the raw material liquid chlorine fluctuated narrowly. The cost support is still acceptable. The spot supply in the East China market is tight, and the inventory pressure in the Shandong market has eased. The overall performance of the demand side is average, and the price of epoxy propane in the market is mainly stable. In the middle of the month, the price of raw material propylene fluctuated and weakened, while the price of raw material liquid chlorine was narrow and weak. Cost support weakened, and some devices on the supply side fluctuated. Inventory pressure was controllable, but downstream buying intentions were average, with a focus on moderate follow-up of just in time demand. The market atmosphere was deadlocked, and holders mainly negotiated with them. In the latter half of the year, some downstream devices have reduced their load, and the demand side lacks follow-up power for epoxy propane. Downstream enterprises are mainly waiting and waiting, and they are willing to take advantage of the situation. As a result, the focus of negotiations in the epoxy propane market has weakened. At the end of the month, with strong cost support, prices slightly rebounded.

Upstream propylene: In May, the price of raw material propylene fluctuated and stabilized. According to the Commodity Market Analysis System of Business Society, as of May 30th, the price of propylene was 6860.6 yuan/ton, a slight increase of 0.88% compared to the price of 6800.6 yuan/ton on May 1st. Limited support for the epoxy propane market.

The epoxy propane analyst from Business Society believes that the current cost support is obvious, and downstream low price follow-up is still acceptable. The market’s wait-and-see attitude still exists, and it is expected that the epoxy propane market may be narrow and strong in the short term. More attention should be paid to market news guidance.

According to the Commodity Market Analysis System of Business Society, the domestic rare earth market prices declined in May. The rare earth index was 379 points on May 30, a decrease of 23 points from the beginning of the month, a decrease of 62.36% from the highest point of 1007 points (2022-24) in the cycle, and an increase of 39.85% from the lowest point of 271 points on September 13, 2015. (Note: The cycle refers to 2011-12-01 present)

Domestic prices of neodymium oxide, metallic neodymium, praseodymium oxide, metallic praseodymium, praseodymium neodymium alloy, and praseodymium neodymium oxide have all decreased. As of the end of the month, the price of neodymium oxide was 382500 yuan/ton, a decrease of 5.56%; The price of neodymium metal is 480000 yuan/ton, a decrease of 7.69% in price; The price of praseodymium oxide was 387500 yuan/ton, a decrease of 4.91% in price; The price of praseodymium metal was 520500 yuan/ton, a decrease of 6.51% in price; The price of praseodymium neodymium alloy is 465000 yuan/ton, a decrease of 7.92% in price; The price of praseodymium neodymium oxide is 372500 yuan/ton, a decrease of 7.45%.

The domestic heavy rare earth market prices have declined, with dysprosium oxide prices dropping by 4.69% to 1.93 million yuan/ton as of the end of the month; The price of dysprosium metal is 2.57 million yuan/ton, a decrease of 2.10% in price; The price of dysprosium ferroalloy is 1.9 million yuan/ton, a decrease of 5.0% in price; The price of metallic terbium is 7.5 million yuan/ton, while the price of oxidized terbium is 6.175 million yuan/ton, and the prices of all products have declined.

In May, the domestic rare earth market prices fell, and due to weak terminal demand, market activity gradually cooled down, and trading remained cautious. The performance of the metal market is relatively calm, with some metal merchants actively lowering prices to attract buyers. There are separated enterprises in Jiangxi and Guangxi regions with little change in operating rates and little change in heavy rare earth production; In addition, some magnetic material companies mainly digest inventory and are not actively purchasing, resulting in a decline in rare earth prices.

According to statistics, in April 2024, the production and sales of new energy vehicles reached 870000 and 850000 respectively, with year-on-year growth of 35.9% and 33.5%, respectively; The sales of new energy vehicles account for 36% of the total sales of new vehicles. From January to April, the production and sales of new energy vehicles reached 2.985 million and 2.94 million respectively, with a year-on-year increase of 30.3% and 32.3%, respectively; The sales of new energy vehicles account for 32.4% of the total sales of new vehicles. The production and sales of new energy vehicles continue to rise, providing support for the rare earth market.

After years of governance, the domestic rare earth industry has gradually formed a supply pattern dominated by large groups and relatively concentrated raw materials. With the continuous development of the foreign rare earth industry, China’s share of rare earth production has declined from 90% to 70%. The export volume of rare earths in April was 4566 tons, a year-on-year decrease of 0.2%; The total export volume of rare earths from January to April was 18049.5 tons, an increase of 10% year-on-year. The import volume of rare earths in April was 13145.9 tons, a year-on-year decrease of 32.5%; The total import volume of rare earths from January to April was 48842.5 tons, a year-on-year decrease of 18.1%. The slight decrease in exports has to some extent suppressed the domestic rare earth market prices.

Market forecast: Downstream magnetic material companies have been inactive in recent times, with cold inquiries and strong bearish sentiment on the market. It is expected that the rare earth market prices will continue to decline in the short term. In the long run, the trend of long-term growth in demand for industrial robots, new energy vehicles, wind turbines and other terminals remains unchanged. High performance neodymium iron boron permanent magnets are expected to continue to increase in terminal penetration rate, which is conducive to the long-term stable development of the rare earth industry.

After experiencing a continuous decline in the first quarter, the adipic acid market stopped falling and rebounded in April. In May, the market continued to rise. According to the Commodity Market Analysis System of Shengyi Society, as of May 31, the monthly increase in adipic acid was 2.61%, and the market trading center has significantly shifted upwards. By the end of the month, the market price range for adipic acid was between 9650 and 9850 yuan/ton, an increase of about 200 yuan compared to the beginning of the previous month. The main reason is the positive cost boost and the relief of supply pressure.

Industrial chain

The above chart shows that the adipic acid industry chain has significantly improved this month, with a focus on growth, especially in upstream products such as pure benzene and cyclohexanone. Adipic acid is often driven up by costs. Downstream demand is sluggish, and product trends have not changed significantly. PA66 operates in a stalemate. Maintain in a relatively weak range.

Cost side: Both pure benzene and cyclohexanone have increased

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has increased this month, with a growth rate of 5.23%. Since the beginning of the month, the price of pure benzene has been rising, and the market has seen a significant increase in the latter half of the month. As the end of the month approaches, the price of pure benzene in East China ranges from 9000 to 9100 yuan/ton. The price of cyclohexanone has also risen this month, with an increase of 2.52%. Overall, the cost side is mostly favorable.

Supply side: Temporary maintenance of equipment, supply pressure relief

From the perspective of market supply: In terms of equipment, the overall operating rate of adipic acid continued to decline in the first half of this month, dropping to below 40%. Except for the devices that entered the maintenance period last month, some devices this month were temporarily inspected and cleaned, resulting in production damage and a slight decrease in supply. The supply side has transitioned from loose to tight. There are still many devices under maintenance in June, and it is expected that the production will still be mainly low.

Demand side: Downstream demand remains mainly sluggish

Adipic acid downstream still shows lukewarm and lukewarm behavior. The caprolactam and TPU industries are still performing poorly. Downstream factories are cautious in picking up goods, and there has been no improvement in orders to ensure normal start-up demand. Taking PA66 as an example, according to the monitoring of Business Society, the decline of PA66 this month was 6.94%. The market is hovering at the bottom. At the end of the month, the market price of PA66 in Zhejiang Province was around 21500-22000 yuan/ton. At present, weak demand is the fundamental reason why adipic acid has not been able to continue its upward trend.

Future prospects

Business Society Adipic Acid Analyst believes that on the cost side, there is a high probability of high volatility in crude oil in the future, which will bring cost advantages to downstream chemical products. The prices of pure benzene and cyclohexanone continue to rise, and there is currently no stopping trend in prices. Adipic acid still has an advantage in terms of future cost. From the perspective of supply and demand, both supply and demand will be weak in the future, and the supply side will maintain low operating rates. Manufacturers generally lower operating rates to stabilize the profit range of adipic acid prices. The sluggish demand side will continue, and overall, there is still room for further increase in adipic acid, but the increase should be somewhat compressed.

The price of ethylene glycol fluctuated in late May

This week, the price of ethylene glycol fluctuated after stabilizing and rebounding last week. According to data from Business Society, as of May 31, the average price of domestic oil to ethylene glycol was 4526.67 yuan/ton, which is 0.3% higher than the average price of 4513.33 yuan/ton in the East China market on May 24. The prices for each region are as follows:

The price range for spot goods executed by mainstream manufacturers in East China is 4450-4580 yuan/ton; The spot price of ethylene glycol in the South China market is 4450 yuan/ton, while the mainstream manufacturers in Central China have a spot price range of 4250 yuan/ton for external execution; The mainstream manufacturers in North China offer a spot price of 4500 yuan/ton for external transactions.

Positive inventory vs weak demand

In late May, the landed price of imported ethylene glycol from overseas slightly increased, and currently the port inventory is still in a state of destocking. As of May 30th, the inventory of ethylene glycol in the main port of East China was 725100 tons, which is 869100 tons compared to the inventory on April 29th, and 144000 tons have been destocked.

In May, the price of ethylene glycol began to stabilize, mainly due to changes in the news. Overseas production in the Middle East and North America has decreased, supply has contracted, and port forecasts have decreased, breaking previous expectations for import growth; Another reason for the decline in port inventory is due to the previous consumption of hidden inventory, which has accelerated port shipments recently and has begun to shift towards consumption of explicit inventory.

In terms of downstream actual demand, the polyester sector has recently seen a decline in operating rates. On the one hand, due to the downward shift in profits in the polyester industry, some categories have incurred losses, and factories have a weak willingness to operate.

According to the commodity market analysis system of Business Society, the PP market has been experiencing strong fluctuations recently, with prices of various wire drawing brands generally increasing. As of May 30th, the mainstream quoted price for T30S (wire drawing) by domestic producers and traders is around 7964.29 yuan/ton, a+1.55% increase or decrease from the price level on May 1st.

Cause analysis

Industry chain: In terms of PP raw materials, international crude oil prices weakened at the beginning of the month due to the downward trend. Subsequently, due to the expectation of OPEC+production reduction and the influence of international geopolitical factors, the market rose, providing support for the PP market to rebound. In the second half of the month, domestic port inventories of propane decreased and prices increased. At the same time, the price of propylene increased significantly in May, and overall, the cost support for PP was relatively strong during the month.

Overall, the raw material market is active and provides strong support for the PP cost side. In terms of industry load, there has been a slight decline. Due to maintenance by enterprises such as Zhenhai Refining and Chemical and Ningbo Jinfa, the average load at the end of the month has decreased slightly to around 72% compared to before. The inventory position of the production enterprise is still acceptable, and the supply pressure is average. However, there may be a partial return to production capacity in the later stage, which may cause a certain degree of supply increase. The strong macro expectations in the real estate and other industries in the second half of the month are the main driving force for the upward trend of PP. However, the load on end enterprises has generally remained stable, with downstream PP enterprises such as plastic weaving, film materials, and injection molding having a comprehensive operating rate of about 42%, 65%, and 57% at the end of the month, respectively. The demand is limited, and enterprise replenishment operations are mainly based on basic needs, resulting in a moderate trading atmosphere.

In terms of fiber materials, according to the commodity market analysis system of Business Society, as of May 30th, the spot price of domestic fiber PP has fluctuated and increased. The mainstream quoted price for domestic producers and traders of Z30S (fiber) is around 7775 yuan/ton, with an increase or decrease of+0.65% compared to the average price at the beginning of the month, and an increase of 8.36% compared to the same period last year. Within the month, the main downstream non-woven fabric enterprises for PP fiber materials have a stable load, with an average operating rate of around 29%. The trading volume in the non-woven fabric market is average, and orders are mainly based on contracts. The digestion speed of end products has slowed down, and the upward trend is mainly driven by macro expectations. It is expected that the future market of fiber materials may still be constrained by weak demand and weak operation.

In terms of melt blown materials, the melt blown PP market has remained stable with an increase this week. As of May 30th, the average quotation of domestic melt blown material sample enterprises monitored by the Commodity Market Analysis System of Shengyishe is about 8075 yuan/ton. Compared with the average price level at the beginning of the month, the increase and decrease is+0.47%, with a year-on-year decrease of 1.22%. At present, the demand for facial protection in China is generally high, and the consumption of medical melt blown fabric materials is not significantly driven. In addition, the downstream factories have low load, and most of the new orders are scattered. It is expected that the digestion speed of terminal products in the future market will be slow, and melt blown materials may weaken due to the drag of demand.

Future Market Forecast

PP analysts from Business Society believe that the overall polypropylene market in May was strong and volatile. The overall trend of upstream raw materials is positive, and the cost side provides strong support for the market. There has been a narrow decline in the supply of goods, but there are expectations of an increase in the future. Currently, the supply pressure is not significant. The production of terminal enterprises is stable, and stocking is essential to maintain production. The current strong macro weak reality on the market is expected to gradually enter the off-season market in the future, The PP market may stagnate and weaken.

1、 Price trend

Taking the sulfuric acid method rutile type titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring from Business Society, the domestic titanium dioxide market was downward in May. On May 1st, the average price of titanium dioxide was 17133.33 yuan/ton yuan/ton, and on May 29th, the average price of titanium dioxide was 16366.67 yuan/ton, a decrease of 4.47%.

2、 Market analysis

The domestic titanium dioxide market was weak and downward in May. Overall, the international export situation is still good, while the domestic terminal market is weak. In the first half of the year, there was a strong wait-and-see sentiment in the titanium dioxide market, with major manufacturers mostly observing the pricing policies of leading companies. Currently, stability is the main focus in various markets. In the middle of the month, the market transaction prices were relatively flexible, and orders slightly improved compared to the previous ten days. The demand for goods was mainly in demand, but overall, the performance remained weak. In the latter half of the year, although the cost pressure on manufacturers of titanium dioxide has eased to some extent, terminal demand has continued to be poor, and the market focus has shifted downwards. Manufacturers have lowered their external quotations. As of now, most domestic sulfuric acid based rutile titanium dioxide quotations are between 16000-16900 yuan/ton; The quotation for rutile titanium dioxide is around 14500-15300 yuan/ton; The quoted price for chlorinated titanium dioxide is 19200 yuan/ton. The actual transaction price is negotiable.

According to customs data, the import volume of titanium dioxide in China in April 2024 was 6771.35 tons, an increase of 22.15% year-on-year and a decrease of 35.29% month on month; In April, the import of titanium dioxide produced by sulfuric acid method reached 3019.91 tons, an increase of 26.30% compared to the previous month; In April, the import of titanium dioxide produced by chlorination was 3751.44 tons, a decrease of 53.53% compared to the previous month. From January to April 2024, China imported approximately 31100 tons of titanium dioxide, an increase of 66.12% compared to the same period last year, and the import volume increased by approximately 12400 tons.

In April 2024, China’s titanium dioxide exports reached 157400 tons, a decrease of 19.74% compared to the previous month and an increase of 22.15% compared to the same period last year; In April, the export of sulfuric acid based titanium dioxide reached 125200 tons, a decrease of 17.31% compared to the previous month; In April, the export of chlorinated titanium dioxide reached 32200 tons, a decrease of 27.97% compared to the previous month. From January to April 2024, China exported approximately 646900 tons of titanium dioxide, a year-on-year increase of 14.30%, and the export volume increased by approximately 80900 tons.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region fell in May. The titanium ore market in Panxi region is in a weak and stable state, and the production of titanium ore is basically stable. Environmental inspection in Yunnan region shows that mining operations are still insufficient. However, downstream titanium dioxide enterprises have a weak market situation, with poor market demand. The sentiment of price pressure in the titanium concentrate market is strong, and the market is cautious in purchasing and observing. As of now, the tax-free quotation for 38-42 grade titanium ore is around 1550-1580 yuan/ton, the tax-free quotation for 46 grade 10 titanium concentrate is around 2240-2260 yuan/ton, and the quotation for 47 grade 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate may continue to operate weakly and steadily, and the specific actual transaction price will be negotiated separately.

According to customs data, in April 2024, China imported 328600 tons of titanium ore, a decrease of 5.09% year-on-year and 31.39% month on month, with a monthly average price of 333.09 US dollars per ton; From January to April 2024, China imported a total of approximately 1.5034 million tons of titanium ore, a year-on-year increase of 3.69%, and the import volume increased by approximately 53500 tons.

In April 2024, China exported 6778.46 tons of titanium ore, an increase of 419.12% year-on-year and a decrease of 43.77% month on month; From January to April 2024, China exported approximately 21800 tons of titanium ore, an increase of 80.06% year-on-year, with an increase of approximately 9700 tons in export volume.

In terms of sulfuric acid, the domestic sulfuric acid market prices fell in May. According to monitoring data from Business Society, the average price of sulfuric acid in China was 272.5 yuan/ton on May 1st, and 247.5 yuan/ton on May 29th. The price fell by 9.17% during the month. Some maintenance enterprises in the early stage of sulfuric acid production have resumed, and the supply of sulfuric acid is sufficient. The downstream titanium dioxide market is weak, with significant cost pressure on enterprises. The demand for sulfuric acid has weakened, and the sulfuric acid market quotation has been lowered. The actual transaction price is mainly negotiated.

3、 Future Market Forecast

Business Society Titanium Dioxide Analyst believes that this month, the price of titanium concentrate in the Panxi region has decreased, the sulfuric acid market price has fallen, and the cost support for titanium dioxide has weakened. The downstream market demand continues to be weak, and the market trading situation is light. Transactions are cautious and cautious, and titanium dioxide enterprises are under greater pressure to ship. It is expected that the trend of titanium dioxide will be weak in the short term, depending on downstream market demand. The actual transaction price is negotiable.

1、 Price trend

According to data monitored by Business Society, the spot market price of PVC increased in May. On May 1st, the average price of PVC in China was 5556 yuan/ton. On May 28th, the average price was 6026 yuan/ton, and the price increased by 8.46% within the month.

2、 Market analysis

The PVC spot market price rose in May. In the first half of this month, The spot market price of PVC has slightly increased, and the enthusiasm for inquiry and procurement has increased. In mid month, the spot market price of PVC continued to rise, and from May 18th, the interest rate for personal housing provident fund loans was lowered, resulting in positive macro news, The PVC futures market has performed outstandingly, with the spot market following suit and the overall market trend improving. In the latter half of the year, China Mobile purchased PVC pipes, and the TMA prices for auxiliary materials increased significantly, with the domestic spot market prices mainly rising. As of now, the quotation range for PVC 5 type carbide materials in China is mostly around 5830-6250 yuan/ton.

In terms of imports and exports, according to the latest customs statistics, the import volume of pure PVC powder in China in April 2024 was 21600 tons, a year-on-year decrease of 43.60% and a month on month decrease of 18.94%. The average monthly import price was 794.80 US dollars per ton. The export volume was 240300 tons, a year-on-year increase of 78.04% and a month on month decrease of 19.10%. The monthly average export price was 728.73 US dollars per ton. The total export volume from January to April was 866400 tons, and the total import volume was 83500 tons.

On May 27th, international crude oil futures rose. The US stock market is closed for one day due to Memorial Day. The settlement price of the Brent crude oil futures main contract was $82.88 per barrel, up $1.04 or 1.2%.

In terms of calcium carbide, according to the commodity market analysis system of Business Society, the ex factory price of calcium carbide in the northwest region fell first and then rose in May, and overall, the price fell. On May 1st, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China was 2883.33 yuan/ton. On May 28th, it was 2833.33 yuan/ton, a decrease of 1.73%. Overall, downstream procurement performance was average, and the price of calcium carbide in the market was relatively stagnant. It is expected that in the short term, the price of calcium carbide in the market will temporarily remain stable.

On a macro level, the National Bureau of Statistics announced that from January to April, the national real estate development investment was 3092.8 billion yuan, a year-on-year decrease of 9.8%. From January to April, the construction area of real estate development enterprises was 6875.44 million square meters, a year-on-year decrease of 10.8%. The newly constructed area of housing is 235.1 million square meters, a decrease of 24.6%. The completed area of houses is 188.6 million square meters, a decrease of 20.4%.

The People’s Bank of China has decided to lower the interest rate of personal housing provident fund loans by 0.25 percentage points starting from May 18, 2024. The interest rates of personal housing provident fund loans for first homes under 5 years (including 5 years) and over 5 years will be adjusted to 2.35% and 2.85%, respectively. The interest rates of personal housing provident fund loans for second homes under 5 years (including 5 years) and over 5 years will be adjusted to not less than 2.775% and 3.325%, respectively.

According to the official website of China Mobile, China Mobile recently announced that the plastic pipe (PVC-U pipe) product procurement project from 2024 to 2025 has met the bidding conditions and is now undergoing open bidding. The announcement shows that China Mobile’s purchase of PVC-U pipes this time has a total scale of approximately 59400 kilometers and a project completion period of 2 years.

3、 Future Market Forecast

According to PVC analysts from Business Society, the news for this month is mainly positive, with futures prices rising and driving spot market prices. The price of raw material calcium carbide has been lowered, and the cost support is average. The real estate data is still declining, and downstream demand is still mainly in the form of rigid demand. The sentiment of high price replenishment is not high, and downstream product enterprises hold a wait-and-see attitude. It is expected that in the short term, the spot market will mainly experience narrow fluctuations.

According to the market data analysis system of Business Society, liquid sodium acetate showed a trend of first rising and then falling in May. The price of liquid sodium acetate in mid month was 787 yuan/ton, an increase of 3.21% from the beginning of the month. After the high price, the price fell. As of May 27th, the price of liquid sodium acetate was 762 yuan/ton, falling back to the same level as the beginning of the month.

From an upstream perspective, the supply and demand of raw material acetic acid were strong in the first half of the month, with inventory continuing to decline and prices showing strong performance. The mid month increase reached 4.49%, and the price of sodium acetate was subsequently raised. However, as the downstream of acetic acid resisted high prices, the market price stabilized, and the price decreased by 1.42% compared to the beginning of the month. The momentum for the continued increase of sodium acetate was insufficient.

In May, the continuous maintenance of soda ash enterprises led to a reduction in supply, resulting in a basic balance between production and sales. Manufacturers still held orders, inventory continued to decline, and prices rose strongly.

According to the data analyst of Shengyishe Sodium Acetate, the inventory pressure of upstream acetic acid enterprises is still acceptable, the sales pressure of manufacturers is weakened, and on-site trading is limited. Under the game of supply and demand, it is expected that the short-term acetic acid market will be wait-and-see consolidation, and prices may fluctuate narrowly, with weak support for sodium acetate. It is expected that the sodium acetate market will be weakly consolidated, and specific attention will be paid to the upstream and downstream situation in the future.

1、 Price trend

Taking the sulfuric acid method rutile type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the focus of the domestic titanium dioxide market has shifted downwards this week. The average price of titanium dioxide on Monday was 17133.33 yuan/ton yuan/ton, and on Friday it was 16466.67 yuan/ton, with a price reduction of 3.89%.

2、 Market analysis

This week, the focus of the domestic titanium dioxide market has been downward. Overall, the international export situation is still good, while the domestic terminal market is weak, and there is a strong wait-and-see sentiment on the market. Overall, the market acceptance situation is still weak, with cautious procurement and a focus on just in need purchases. As of now, most domestic sulfuric acid based rutile titanium dioxide quotations are between 16000-17500 yuan/ton; The quotation for rutile titanium dioxide is around 14500-15300 yuan/ton; The quoted price for chlorinated titanium dioxide is 19200 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region has slightly declined. Downstream titanium dioxide enterprises have a weak market situation, with poor market demand. There is a strong wait-and-see sentiment in the trading of titanium concentrate, and market procurement is cautious. As of now, the tax-free quotation for 38-42 grade titanium ore is around 1550-1580 yuan/ton, the tax-free quotation for 46 grade 10 titanium concentrate is around 2240-2260 yuan/ton, and the quotation for 47 grade 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate may continue to operate weakly and steadily, and the specific actual transaction price will be negotiated separately.

In terms of sulfuric acid, the domestic sulfuric acid market price has remained stable this week. According to data monitoring from Business Society, the average price of sulfuric acid is 242.5 yuan/ton. The downstream demand for sulfuric acid is weak, and the market situation is light. The actual transaction price is mainly negotiated.

3、 Future Market Forecast

Business Society Titanium Dioxide Analyst believes that currently, the price of titanium concentrate in Panxi region has slightly declined, sulfuric acid prices are temporarily stable, raw material support is average, and downstream market demand is weak. It is expected that in the short term, the market situation for titanium dioxide will be mostly wait-and-see, with weak and stable operation as the main focus, and the actual transaction price will be negotiable.