1、 Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol rose slightly this week. This week, the average price of the domestic mainstream market of neopentyl glycol rose from 10866.67 yuan/ton at the end of last week to 11033.33 yuan/ton at the end of this week, up 1.53%. Compared with the same period last year, the year-on-year decline was 45.29%. The commodity index of neopentyl glycol on February 19 was 53.17, which was the same as yesterday, down 48.68% from the cycle’s highest point of 103.61 (2021-09-22), and up 23.51% from the lowest point of 43.05 on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

This week, the prices of mainstream manufacturers of neopentyl glycol rose slightly.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell sharply this week. This week, the average price of domestic isobutyraldehyde in the mainstream market fell from 8566.67 yuan/ton at the end of last week to 7400.00 yuan/ton at the end of this week, down 13.62%. There is still a downward trend over the weekend. The market price of upstream raw materials fell sharply, and the cost support was insufficient. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

3、 Future prospects

In late February, the market trend of neopentyl glycol may fall slightly. The market price of isobutyraldehyde in the upstream fell sharply, and the cost support was insufficient. The downstream paint market is general, and the enthusiasm of downstream procurement is weakened. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market is mainly affected by supply and demand, raw materials and other factors, and the market price may fall slightly.

1、 Price trend

According to the data of Business News Agency, the average market price of domestic liquid caprolactam was 12500 yuan/ton on February 10 and 12233 yuan/ton on February 17. Domestic caprolactam prices fell 2.13% this week.

2、 Market analysis

The market price of caprolactam fell this week. The price of raw material pure benzene is higher than that of last week, and the cost support is acceptable. The operating rate of some enterprises increased, and the market spot supply increased. Downstream demand is weak, and on-demand procurement is the main part. The atmosphere of transaction on the market is weak, and the spot price of caprolactam is steadily reduced.

This week, the price of raw material pure benzene rose sharply. The fundamentals of pure benzene continue to be weak, and the downstream is more wait-and-see, and the purchase intention is general; Crude oil continued to fall in the week, and the cost of pure benzene market formed a negative pressure; Downstream styrene slightly strengthened, boosting the pure benzene market. This week, the price of Sinopec pure benzene was stable at 7000 yuan/ton (in Shandong and Hebei, it was stable at 7000 yuan/ton).

The downstream domestic PA6 market fell this week. As of February 17, the reference price of PA6 was 14166.67 yuan/ton

3、 Aftermarket forecast

The caprolactam analyst of the business agency believes that the spot supply of caprolactam market has increased recently, the terminal demand has weakened, and the price of caprolactam has retreated. It is expected that caprolactam prices will be mainly consolidated in the short term.

Zinc price fell on February 16

According to the data monitoring of the Business News Agency, as of February 16, the zinc price was 22782 yuan/ton, down 1.28% from the 23078 yuan/ton on February 15 of the previous trading day. Demand remained weak, and zinc prices fell in shock on February 16.

Key points of zinc market

The tightening monetary policy of the Federal Reserve remains unchanged, and the strength of the dollar remains; Overseas zinc supply is expected to increase; The recovery progress of domestic zinc market demand is general, the high processing cost is still high, the supply of zinc ore smelting is released, the supply of zinc ore is sufficient, and the increase of demand for zinc market supply is limited.

Aftermarket expectation

The supply and demand are weak, and the downward pressure of zinc market is increased. It is expected that the zinc price will fall in the future.

Recent price trend of sulfuric acid

It can be seen from the above figure that the domestic sulfuric acid market price is temporarily stable this week, and the sulfuric acid price is 231.67 yuan/ton. Compared with the same period last year, it fell 69.18% year-on-year. The sulfuric acid commodity index was 36.06 on February 12, which was the same as yesterday, down 80.83% from the highest point of 188.07 (2022-04-13) in the cycle, and up 14.40% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to September 1, 2011 to now)

The upstream market fluctuated and fell, while the downstream purchasing enthusiasm was general

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers is temporarily stable this week, and the manufacturer’s inventory is general.

From the perspective of the upstream and downstream industrial chains, the upstream sulfur market declined slightly, with the sulfur price falling from 1186.67 yuan/ton at the end of last week to 1146.67 yuan/ton at the end of this week, a decrease of 3.37%. Compared with the same period last year, the year-on-year decline was 47.16%, and the upstream market fluctuated and fell, and the cost support weakened. The downstream hydrofluoric acid market declined slightly, with the market price falling from 10000.00 yuan/ton at the end of last week to 9828.57 yuan/ton at the end of this week, down 1.71%. Compared with the same period last year, the year-on-year decline was 13.33%. The downstream titanium dioxide market rose slightly, with the market price rising from 16100.00 yuan/ton at the end of last week to 16183.33 yuan/ton at the end of this week, up 0.52%. Compared with the same period last year, it fell by 22.20%. Downstream market has ups and downs, and downstream purchasing enthusiasm is general.

The market fell slightly in the aftermarket

In the middle and late February, the domestic sulfuric acid market may fall slightly. The upstream sulfur market has been fluctuating and falling recently, and the cost support is insufficient. Downstream ammonium sulfate and hydrofluoric acid market prices fell slightly, while titanium dioxide market prices rose slightly. Downstream customers were generally enthusiastic about purchasing sulfuric acid, and the product trend declined under the contradiction between supply and demand. The sulphuric acid analyst of the Business Society believes that the short-term domestic sulphuric acid market is mainly affected by supply and demand, raw materials and other factors, and the sulphuric acid market price may fall slightly.

According to the bulk list data of Business News Agency, the average price of domestic industrial lithium hydroxide enterprises was 456666.66 yuan/ton as of February 13, down 8.67% from the price of last Thursday (February 9).

Recently (2.9-2.13), the domestic industrial lithium hydroxide market fell. Recently, the upstream spodumene market is in a weak operation, the upstream lithium carbonate price is falling, the market mentality is insufficient, the downstream merchants are not willing to receive goods, the actual market transactions are limited, and most of them are low-price orders. The focus of lithium hydroxide negotiation is falling, and the wait-and-see atmosphere is strong.

Upstream lithium carbonate, according to the data monitoring of the Business News Agency, the price of industrial and battery grade lithium carbonate has continued to decline recently. On February 10, the reference price of lithium carbonate – industrial grade was 441600.00, down 5.15% from February 1 (465600.00).

According to the lithium hydroxide analyst of the Business Agency, the upstream lithium carbonate is weak at present, and the support for the lithium hydroxide market is insufficient. In addition, the follow-up on the demand side is cautious. It is expected that the short-term lithium hydroxide market or weak operation will prevail.

The price trend of domestic phthalic anhydride market remained low. As of the 10th, the price of phthalic anhydride was 8237.5 yuan/ton, 0.15% higher than the price of 8225 yuan/ton at the beginning of the week, and 3.37% lower than the same period last year.

Supply side: stable operation of the device and sufficient supply of goods

In the near future, the domestic phthalic anhydride plant has operated steadily, the domestic phthalic anhydride plant has operated stably, the Anhui Tongling Linfa phthalic anhydride has started to ship normally, the Xinyang Group’s 100000 ton phthalic anhydride plant has operated stably, and the Shandong Hongxin phthalic anhydride has operated normally. At present, the domestic phthalic anhydride operating rate is about 60%, the supply of goods is sufficient, the phthalic anhydride delivery is general, and the market price of phthalic anhydride is low and volatile.

Cost side: o-benzene market is stable

The price trend of domestic ortho benzene is temporarily stable. The price of ortho benzene is 7800 yuan/ton as of the 10th day. The price trend of this week is temporarily stable. The supply of ortho benzene is normal, and the operation of on-site devices is stable, but the port inventory changes little. The stable price of ortho benzene brings some cost support to the phthalic anhydride market, and the market price of phthalic anhydride rises slightly.

Demand side: DOP market has dropped sharply, mainly purchasing on demand

The downstream DOP market price dropped sharply, with an increase of 6.16%. At present, the domestic DOP price is 10050 yuan/ton. Domestic DOP enterprises have started steadily. The demand for phthalic anhydride is mainly based on demand. The mainstream DOP price is 10000-10100 yuan/ton. The demand for plasticizer industry is weak. The decline of DOP price affects the low price of phthalic anhydride, but the overall price is low.

In the future, the price trend of ortho-xylene is stable in the short term, but the market of the downstream plasticizer industry continues to decline. The supply of phthalic anhydride is sufficient, and the contradiction between supply and demand is prominent. It is expected that the market price trend of ortho-xylene phthalic anhydride will fall in the later period.

441 # silicon price trend

In the first week after the commencement of construction, the metal silicon phase is now weak. The market has not yet fully recovered, and the spot market activity is low. According to the monitoring of Business News Agency, as of February 3, the average price of 441 # metal silicon in the domestic market was 17970 yuan/ton, down 2.86% from the year before.

The price of 441 # silicon in various regions on March 3 is as follows:

The price range of # 441 metal silicon in Huangpu Port area is 17700-18000 yuan/ton, with an average price of 17850 yuan/ton; The price range of # 441 metal silicon in Tianjin Port area is 17600-17800 yuan/ton, with an average price of 17700 yuan/ton; The price range of # 441 metal silicon in Kunming is 18000-18200 yuan/ton, with an average of 18100 yuan/ton; The price range of # 441 metal silicon in Sichuan is 17600-17800 yuan/ton, averaging 17700 yuan/ton; The price range of Shanghai # 441 metal silicon is 18400-18600 yuan/ton, with an average price of 18500 yuan/ton.

Influential factors of falling price of metal silicon

Supply:

The overall number of silicon metal furnaces this week is basically stable. It is understood that the total number of silicon metal furnaces is 711. As of February 3, the rate of silicon metal furnaces is about 42.76%, 139 in Xinjiang, 28 in Sichuan and 47 in Yunnan. At present, the metal silicon has fallen deeply, the price has reached the cost line, and many manufacturers have postponed the opening plan.

Demand:

The price of polysilicon stopped falling and rose, with the mainstream price of 1916.6667 million yuan/ton, up more than 10%, mainly due to the high price of large head manufacturers and the shutdown of maintenance; The price of aluminum alloy ADC12 rose by 400 yuan/ton, and the mainstream quotation was 19300 yuan/ton. The downstream manufacturers started their work not high, and the purchase demand was not large, and there was no obvious pull on the demand for metal silicon; The market price of organosilicon DMC recovered slightly after the year, with the quotation reference to 16880 yuan/ton, which is mainly based on the delivery of orders before the festival, and the new orders are relatively small, based on the current organosilicon price. The cost side is still under the pressure of loss, and it is expected to operate in a stable manner in the short term.

Aftermarket forecast

In general, in the first week after the holiday, the downstream demand has not warmed up, the demand for organic silicon and aluminum alloy is general, and the silicon price is under pressure. The output of the supply side decreased due to the festival, but the inventory is still mainly accumulated, which also leads to the difficulty of stabilizing the price of the silicon factory under the high cost. It is expected that the short-term metal silicon market will continue to be weak and stable.

According to the monitoring of the Business News Agency, the domestic cyclohexanone market was shaken and sorted out. From January 28 to February 6, the average market price of cyclohexanone in China fell from 9760 yuan/ton to 9600 yuan/ton, with a decrease of 1.64%. The price rose by 2.78% month-on-month and 19.78% year-on-year. The listing of raw material pure benzene was increased by 150 yuan/ton to 6800 yuan/ton, the raw material pure benzene was weakened by the shock, the shipment of cyclohexanone was blocked at a high price, the price fell, and the transaction was average.

On the cost side, the domestic market price of pure benzene was high and low, and the spot transaction was 6940-7170 yuan/ton; The price of pure benzene in Shandong market was high and low, and the price traded at 6900-7280 yuan/ton. The cost of cyclohexanone has no positive support for the time being.

In terms of supply, the market is relatively abundant at present. The main production enterprises operate normally, but the unit load is maintained at about 60%, and the short-term supply of cyclohexanone is difficult to maintain favorable factors.

On the demand side, the market of caprolactam, the main downstream product of cyclohexanone, continued to rise. The caprolactam market was at a high level. The seller’s quotation was firm, and the downstream part just needed to be purchased. The demand side of cyclohexanone has a small positive support.

According to the aftermarket forecast, the raw material pure benzene is weak, the cost is lack of support, the downstream just needs to purchase, wait-and-see is the main, and the supply of cyclohexanone is stable. The cyclohexanone analyst of the business agency predicted that the domestic cyclohexanone market would operate at a low level in the short term.

1、 Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol rose slightly this week. This week, the average price of the domestic mainstream market of neopentyl glycol rose from 9800.00 yuan/ton at the end of last week to 10166.67 yuan/ton at the end of this week, up 3.74%. Compared with the same period last year, it fell 38.93% year-on-year. The neopentyl glycol commodity index on February 5 was 49.32, which was the same as yesterday, down 52.40% from the cycle’s highest point of 103.61 (2021-09-22), and up 14.56% from the lowest point of 43.05 on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

This week, the prices of mainstream manufacturers of neopentyl glycol rose slightly.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 7900.00 yuan/ton at the end of last week to 8266.67 yuan/ton at the end of this week, up 4.64%. The market price of upstream raw materials rose slightly, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

3、 Future prospects

In the middle and late February, the market trend of neopentyl glycol may rise slightly. The upstream isobutyraldehyde market rose slightly, the cost support increased, the downstream paint market was general, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market is mainly affected by the supply and demand, raw materials and other aspects, and the market price may fluctuate slightly.

Price trend

In January, the domestic POM market maintained a strong operation, and the overall performance of prices was stable. According to the data monitoring of the Business News Agency, as of February 1, the average ex-factory price of domestic POM was 14000 yuan/ton, and the price level was+0.48% higher than that at the beginning of January.

Cause analysis

In terms of raw materials: the market price of formaldehyde in Shandong Province rose slightly in January. From the figure below, it can be seen that formaldehyde has fallen mainly in the past three months, and the price has rebounded this month. By the end of January, the mainstream market price in Shandong was 1170-1300 yuan/ton. In January, around the Spring Festival, many formaldehyde manufacturers had holidays in advance, and the formaldehyde shipments were general. The formaldehyde market rose slightly with the upstream methanol.

On the supply side: In January, the operating rate of domestic POM enterprises continued to decline at a high level, and the average industrial load was about 87%. The inventory situation of the enterprise is OK, the inventory position is low, and the gross profit per ton of processing profit falls.

Demand: Although the POM industry load has dropped, the market supply is still abundant. The manufacturer’s ex-works price was firm and increased at the end of the month. Under its guidance, the mentality of traders is supported to some extent, but the demand is general, and the on-site shipments are mostly negotiated based on actual orders. The enthusiasm of terminal enterprises in stock preparation is general, the release of demand for stock preparation before the holiday is slow, the resumption of work after the holiday is not complete, and the follow-up is slightly delayed.

Aftermarket forecast

In January, the POM market remained stagnant. The load of domestic polymerization plants has been reduced at a high level, and the overall supply is abundant. The ex-factory price of domestic materials is strong, with a slight increase at the end of the month. The pressure on inventory is moderate, while the demand is relatively weak. Downstream enterprises mainly digest the inventory, and most of the goods are scattered orders. After the current holiday, the momentum in the market still needs to be improved. It is expected that the POM market will continue to run strongly in the short term due to the support of the supply side.