Price Trend

According to the price monitoring of business associations, the domestic refrigerant R22 factory price continued to fall this week. On August 09, the average price quoted by mainstream manufacturers was 17266.67 yuan/ton, which was 1.89% lower than the average price of 17600 yuan/ton at the beginning of the week (5 days), and 6.67% lower than the same period last year.

II. Market Analysis

Products: In early August, major air-conditioning manufacturers have carried out phased maintenance, the overall demand for refrigerants has declined. At present, refrigerant enterprises start smoothly, there is sufficient supply of goods on the site, the market atmosphere is cold, enterprises have certain pressure on shipment. The impact of falling prices of hydrofluoric acid and trichloromethane on the market raw materials has insufficient support on the cost side of refrigerants, resulting in negative results. The overall shipment of manufacturers is light, and local inventory is under pressure. The shipment rate of enterprises such as sub-packaging, trade and so on has slowed down and stocks are in hand, and the risk aversion mood still exists. According to the data monitoring of business associations, as of August 09, the price of Zhejiang Juhua Co., Ltd. was 17 800 yuan/ton, Quzhou Jiuzhou Chemical Co., Ltd. was 16 000 yuan/ton, Shandong Yue’an New Materials Co., Ltd. was 18 000 yuan/ton, Zhejiang Lengwang Science and Technology Co., Ltd. was 17 000 yuan/ton, and Hunan Longxun Trade Co., Ltd. Our price is 15 500 yuan/ton.

Industry chain: The price trend of anhydrous hydrofluoric acid of upstream products has been declining continuously. In the near future, the market situation of manufacturers has not improved significantly. Domestic spot supply is sufficient. Some manufacturers have lowered their ex-factory prices. By the end of the weekend, the mainstream of hydrofluoric acid negotiations in the southern region is 10500-11500 yuan/ton, and the price of hydrofluoric acid in the northern market is 11000-11500 yuan/ton. 。 The upstream product domestic trichloromethane market overall spot supply is tight, affected by the low start of refrigerant market, the demand for trichloromethane is not good, the market negotiation enthusiasm is weak, the wait-and-see atmosphere is strong, basic on-demand procurement, coupled with the typhoon rainy weather, logistics and transportation in some areas are limited recently, and the arrival of goods is limited. Definitely difficult, the overall market is weak.

3. Future Market Forecast

Business Cooperative Refrigerant Analysts believe that the end of the current refrigerant R22 peak season, demand decline, the market supply exceeds demand situation continued to play, in general, future refrigerant R22 will continue to decline.

Price Trend

The domestic BDO market is running smoothly. According to the sample data monitored by business associations, as of August 6, the average price of the domestic BDO market was 9360 yuan/ton, which was 19.41% lower than that of the same period last year.

II. Market Analysis

Products: Early in the week, the market news was less, and the domestic BDO market was running steadily. Although the factory still has a positive price mentality and the middlemen actively follow up the high offer, but the downstream just need to replenish the warehouse, the intention of backup is not strong, and the main downstream market is weak, contract digestion is slow, high price conflict; spot market is also just in need of small single delivery, big single rarely heard. Restarting factories has gradually lifted the load, supply-side support has weakened, the mindset of operators is empty, temporary stability of the market. When the demand side is not well supported, the timely implementation of some inventory maintenance planning devices is the greatest driving force to promote market growth.

On the market side, the BDO market in East China is running steadily. The factory still has a positive price mentality, the main downstream demand is weak, cautious wait-and-see, and the spot market just needs small orders. At the same time, restart the factory to raise the load, and the operators operate smoothly. The BDO market in South China is mainly stable. The market is booming, the market start load has increased, the support of the supply side has weakened, and the downstream is still dominated by just-needed, provisional stability of the offer, waiting for clear information guidance.

Industry chain: raw materials, methanol: methanol market rise in Inner Mongolia this week, the mainstream guidance price increased by 50 yuan / ton to 1650-1700 yuan / ton, Shandong and other places after the sharp rise in prices, prices in Inner Mongolia have risen, the current mainstream manufacturers are not pricing. Prices of mainstream manufacturers in Guanzhong area are stable at about 1850 yuan/ton. The main reason for the tender price of manufacturers is that there are more maintenance devices in Guanzhong and less supply in the market. However, due to the sharp decline in futures, traders are more cautious and market mindset is empty. Calcium carbide: Domestic calcium carbide market continues to decline, production enterprises are under pressure to ship cargo, downstream unloading trucks are gradually increasing, the industry is cautious to wait and see, Ningxia region to reduce the price of calcium carbide factory to promote the speed of shipment, the current price of calcium carbide in Ningxia region is 2800-2850 yuan/ton, Wuhai region has a downward plan, is expected to reduce 50 yuan/ton tomorrow. At present, the ex-factory price is between 2800 and 2850 yuan per ton, while the price in the Ukrainian League region has been narrowly reduced, ranging from 3050 to 3100 yuan per ton. The purchasing price of rolling stock in Henan is lowered to control the quantity of goods arrived. At present, the purchasing price in Henan is 3200-3250 yuan/ton. The rest of the procurement areas are mainly on the lookout.

3. Future Market Forecast

At present, the overoffer of factories is firm, and the market continues to be strong. The supply and demand side has little change, the start of construction is low, the demand side is still about the main length, just need a small single replenishment. BDO analysts of business associations expect that the domestic BDO market will reorganize and operate, and the on-site focus will be mostly on device dynamics.

Price Trend

According to the monitoring data of business associations, DOP prices rose first and then fell in July, and the DOP market shocked and adjusted. As of July 31, the price of DOP in East China was 7100.00 yuan/ton, down 133.33 yuan/ton from 7233.33 yuan/ton at the beginning of the month, or 1.84%, or 20.60% from the same period last year.

II. Market Analysis

Product Analysis

In July, DOP external quotation shocks adjustment, overall for plasticizer DOP external quotation shocks rise, DOP market has a certain advantage. DOP price in China is 905 US dollars/ton at the beginning of the month, 915 US dollars/ton at the end of the month, up 10 US dollars/ton, DOP price in Southeast Asia is stable; DOP equipment start-up rate of plasticizer enterprises is maintained, demand is normal, price fluctuation of raw materials is rising, overall plasticizer DOP market is good, DOP price in the future has a certain upward momentum.

Analysis of Industrial Chain

For raw materials, octanol and phthalic anhydride prices of DOP raw materials rose first and then fell in July, the same trend as that of DOP. The price of phthalic anhydride began to rise at the end of the month, octanol also stopped falling, DOP raw materials may increase in the future, raw materials prices rise to drive the DOP market up, and from the perspective of raw materials prices, the decline of phthalic anhydride and octanol are less than the decline of DOP, DOP market does not have downward pressure, DOP market momentum for future increases. It is expected that the market will rise after DOP.

On the downstream demand side, the price fluctuation of PVC remained stable in July, while the demand for PVC remained stable. Overall, the DOP market in the future is limited.

3. Future Market Forecast

Bai Jiaxin, a DOP data analyst at business associations, believes that raw material prices are on the rise, DOP costs will rise in the future, and DOP momentum will increase in the future. In August, the execution price of Sinopec o-phthalic acid increased, the market was good for phthalic anhydride and plasticizer, and the momentum of DOP price increase in the future market. In terms of demand, the overall market of plastics industry remained stable, while the market for plasticizer was limited. On the external market, DOP price shocks remain stable and have limited positive effects on DOP. The overall DOP market is better than negative. There is a certain momentum for future market to rise, but there is little room for increase. It is expected that DOP prices will rise slightly in the future.

Price Trend

The domestic toluene market was generally stable this week, with prices rising slightly due to the rise in crude oil, with a weekly increase of about 0.23%.

II. Analytical Review

1. Products: The trend of toluene market is steady this week. At present, the mainstream price in East China is around 5500 yuan/ton. According to the feedback from traders, this week’s trading is normal, compared with last week’s, the port stock is maintained at about 40,000 tons.

2. Industrial chain:

Upstream, crude oil, affected by Trump’s tariff comments, this week’s oil prices rose and fell unevenly, spot Brent rose 0.43%, Brent futures rose 0.52%, WTI futures fell 4.12%, Dubai futures rose 0.32%.

On the downstream side, in the PX market, the overhaul unit was restarted and new units were put into production to support the demand for isomeric xylene. In the PTA market, the possibility of PTA weakening in the short term is greater due to the restart of equipment maintenance and the increase of supply pressure.

3. Future Market Forecast

Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the trend of the situation in the Middle East, the United States and Iraq, the follow-up game of Sino-US trade negotiations, and the expected fluctuation of crude oil demand in the global economic outlook after a new round of interest rate cuts by the global central bank. Overall, the toluene market is expected to adjust next week.

Price Trend

In July 2019, the domestic 1_tin ingot Market as a whole declined, with the average price of the domestic market at the beginning of the month at 142712.50 yuan/ton, and at the end of the week at 13517.50 yuan/ton, a decline of 5.31%.

On July 31, the tin commodity index was 68.84, down 0.19 points from yesterday, down 31.33% from the cyclical peak of 100.25 points (2011-09-05), and up 60.62% from the lowest point of 42.86 on December 09, 2015. (Note: Period refers to 2011-09-01 to date).

II. Market Analysis

Domestic market: The spot tin market continued to fall under the influence of futures in early July. After Shanghai and Tin fell to the drop stop on July 2, the night market fell again near the drop stop, hitting a new low since October 2016, touching 127780 yuan/ton at one time, falling 14840 points in two days, with a decline of 10.2%. Lunsey was the lowest at $17585, down 6.43% on the day. The spot market fell by about 4%. With the stable fluctuation of the futures market, the overall fundamentals of the spot market did not have much impact. It was still in the situation of weak supply and demand. At the end of the month, the domestic mainstream spot tin price was about 134000-136000 yuan/ton, with an average price of 135000 yuan/ton. The spot lifting interval remained stable, with a set of Yunxi lifting water of 1000-1500 yuan/ton, an ordinary Yunzi lifting water of 500-1200 yuan/ton and a small brand lifting water of 400-800 yuan/ton.

Import and Export: On July 5, Indonesia’s Ministry of Trade said that its export of refined tin increased 36% to 7,620.9 tons in June from a year earlier, 13% from 6,759.26 tons last month. Indonesia exported 5,608.82 tons of refined tin in the same period last year. Indonesia is currently the world’s largest exporter of refined tin.

Data released by the World Bureau of Metal Statistics (WBMS) on July 17 show that the global tin supply gap in January-May 2019 is 0.4 million tons. The total reported inventory was 0.69 million tons higher than at the end of 2018, but that included 0.6 million tons. Indonesia’s unexplained increase in stockpiles resulted in a decline of 33,300 tons in global refined tin production from January to May 2018. Asia’s output fell by 44,000 tons year-on-year. China’s apparent demand fell 1.7% year on year. Global tin demand in January-May 2019 was 157,700 tons, down 0.3% from the same period last year. Japan’s consumption was 11.4 million tons, down 3.6% from the same period last year. In May 2019, the output of refined tin was 31,000 tons and the consumption was 30,300 tons.

Data released by the Beijing Branch of the International Tin Association (ITA) show that China’s refined tin production in the first half of 2019 decreased by about 10% from a year earlier to about 75,000 tons. ITA’s survey of 15 refineries in China showed that the output of tin refining in June was about 12,500 tons, a 9% decrease in ring-to-ring ratio and the same ratio. China is the leading tin producer. Cui Lin, ITA’s chief representative for China, said that the decline in tin refining production was due to the reduced supply of tin concentrates in Myanmar and weak demand in China. Tin futures prices in Shanghai have fallen by nearly 8% since the beginning of the year, to about 134,000 yuan per ton. Cui said prices below $140,000 would affect production because of the high cost of ore supply in Myanmar.

Domestic events:

An executive of PT Timah, Indonesia’s largest tin miner, said on Thursday July 25 that the company expects to more than double its tin refining output this year, but the company has begun to take steps to reduce production. Timah’s refined tin production is expected to reach about 70,000 tons this year, according to Alwin Albar, Timah’s operations director. Last year, the government amended the rules to allow the company to obtain production from illegal miners within its concession. “We are actually trying to brake when the tin market is depressed,” Albar said in an interview. Timah produced 33,444 tons of refined tin in 2018, according to company data.

3. Prospects for the Future Market

Due to the low replenishment of downstream enterprises in the early stage, the recent turnover is less, the downstream purchasing intention is weakened, and the global trade frictions continue under the general environment, the demand has not improved. It is expected that the future market will be dominated by low consolidation.

Price Trend

According to commodity data monitoring, the average price of yellow phosphorus at the beginning of July 1 was 14933.33 yuan/ton, and at the end of the month was 2200 yuan/ton. The price rose within the month by 47.32%. The average price of phosphoric acid was 4516.67 yuan/ton on July 1 and 5733.33 yuan/ton on July 30. The price rose sharply, with a range of 26.94%.

II. Market Analysis

Since the first half of the year, the whole phosphorus chemical industry has been in a tepid state, which is similar to previous years. The price of yellow phosphorus fluctuates around 15,000-16,000 yuan/ton. On July 3, CCTV Focus Interview focused on the pollution of yellow phosphorus plants in the upper reaches of the Yangtze River, triggering an environmental storm in the yellow phosphorus industry. In a short week, market prices jumped up continuously, rising by more than 10,000 yuan. The highest quotation is 26000 yuan/ton. The cost of yellow phosphorus promotes the whole forest industry chain, promotes the phosphoric acid market price to the highest level, and generally follows the upstream phosphate.

Logically speaking, the price rise is a good performance of the market, but this price surge stimulated by external factors is difficult to maintain for too long. By the end of July, the price of yellow phosphorus fluctuates greatly again. The pressure of production and marketing of phosphoric acid enterprises is great. Some enterprises in southwest, South and East China are shutting down one after another, and the supply continues to decrease. Downstream now generally adopts a wait-and-see attitude, leading to the stagnation of the entire market transactions, yellow phosphorus prices began to return rationally.

yellow phosphorus

According to commodity data monitoring, yellow phosphorus prices rose in July. At the beginning of the month, the average price of yellow phosphorus was 14933.33 yuan/ton, and at the end of the month, it was 22,000 yuan/ton. The price rose within the month by 47.32%.

Yellow phosphorus: From the perspective of normal start-up enterprises, yellow phosphorus prices began to return rationally. As of 30 days, the quotation of yellow phosphorus manufacturers in Yunnan is about 21,000 yuan/ton. Yellow phosphorus producers in Sichuan region quoted about 1,000 yuan per ton. The price quoted by Guizhou yellow phosphorus manufacturer is about 23000 yuan/ton. At present, yellow phosphorus downstream wait-and-see mood is strong, procurement enthusiasm is poor, turnover is relatively small, TRADERS’mentality is unstable, and the market transaction space increases.

Phosphate ore

According to data monitoring of business associations, as of July 30, the trend of domestic phosphate ore market was slightly shocked. Quotations of a small number of enterprises in Guizhou were slightly lowered. Combined with the quotations of several sample areas, the average price of 30% grade phosphate ore was near 416.67 yuan/ton, which was 10 yuan/ton lower than that of July 1, falling by -2.34%.

Phosphate ore: Affected by environmental protection inspection factors, the production of yellow phosphorus and phosphoric acid products has dropped sharply, and many yellow phosphorus and phosphoric acid enterprises have stopped production and maintenance, which has also brought a small shock to the phosphorus ore market. The demand for phosphorus ore decreases, resulting in a slight decline in the domestic phosphorus ore market as a whole. According to the monitoring of business associations, as of 30 days, 30% of the main grade phosphate ore factory in Guizhou province/car board tax quoted 350-450 yuan/ton, and 30% of the main grade phosphate ore factory tax quoted price in Hebei province maintained near 520 yuan/ton. This month, the overall operation of the phosphorus ore market device is normal.

phosphoric acid

The average price of phosphoric acid was 4516.67 yuan/ton on July 1 and 5733.33 yuan/ton on July 30, according to a large number of data lists of business associations. The price rose sharply, by 26.94%, up 30.65% compared with the same period last year.

Phosphoric acid: Phosphoric acid index increased, mainly due to environmental inspection factors, yellow phosphorus supply shortage led to rising market prices. At present, phosphoric acid enterprises start low, the spot supply is tight, the stock of raw materials is urgent, the supply of goods is difficult to find, the high offer of the holder, the wait-and-see atmosphere of phosphoric acid enterprises is strong, and the enthusiasm of purchasing high-price sources is reduced. As the price of yellow phosphorus continues to rise sharply, the cost of thermal phosphoric acid enterprises is under pressure, most enterprises do not offer for the time being, and some enterprises have downtime plans, the main pre-order issuance, the new order negotiation is cautious, a single discussion. As of 30 days, the average market price of 85% industrial purified water phosphoric acid is about 5733.33 yuan/ton, Mingli Group of Guangxi offers 6300 yuan/ton, Xingfa Group of Hubei offers 6800 yuan/ton, Kanglong of Shifang of Sichuan offers 5400 yuan/ton, Anda Chemical of Sichuan offers 5000 yuan/ton, Qianrui Chemical quotes 5100 yuan/ton and Wengfuda Chemical quotes 5400 yuan/ton.

Monoammonium phosphate

According to the data of business associations, the domestic market price of monoammonium phosphate rose slightly this month. The average price of powder ammonium at the beginning of the month is 2183 yuan/ton, and at the end of the month it is 2200 yuan/ton. The price has risen by 0.76%.

Monoammonium: The domestic market for powdered monoammonium is flat. Prices rose slightly at the beginning of the month, then remained stable until the end of the month. Anhui 55% ammonium powder factory quoted 2100 yuan – 2200 yuan / ton, smooth start. In Hubei province, 55% of ammonium powder is quoted at about 2050 yuan/ton, while 60% of ammonium powder is quoted at 2250-2350 yuan/ton, which maintains stable operation as a whole. Henan market maintained stable operation, 55% of ammonium powder factory quoted 2100 yuan / ton, and started smoothly. The price of 55% ammonium powder in Shandong province is 2100-2200 yuan/ton, which is stable. Sichuan province 55% ammonium powder factory quoted about 2050 yuan/ton. The overall starting rate of Monoammonium enterprises is about 50%. The price of Monoammonium is firm because of its predecessor orders. A small number of downstream compound fertilizer enterprises follow-up orders, most of them are cautious and wait-and-see attitude. The ammonium market may run steadily in the short run.

Diammonium phosphate

According to the monitoring data of business associations, the domestic market price of diammonium phosphate fell this month. The average price of 64% diammonium granule was 2616 yuan/ton at the beginning of the month, and 2500 yuan/ton at the end of the month. The price dropped by 4.46%.

DAP: The domestic diammonium market is weak. Prices fell at the beginning of the month and then remained stable until the end of the month. At present, 64% of diammonium in Hubei province is offered 2450-2550 yuan per ton, 64% of diammonium in Shandong is offered 2400-2500 yuan per ton, and 64% of diammonium in Yunnan and Guizhou is offered 2500 yuan per ton. The overall starting rate of diammonium enterprises is about 50%. Domestic diammonium exports have decreased significantly compared with last year. Diammonium from the demand point of view, is now the off-season of diammonium, the market is weak, the demand is small. The international market continues to be depressed and trading is flat. The price of raw materials was lowered, the demand was weak and the export was difficult, which led to the price reduction. It is expected that the price of diammonium will remain weak and stable in the later period.

3. Future Market Forecast

Business analysts believe that as far as market opportunities are concerned, the market has entered a new stage of game. At present, the price of phosphorus chemical industry has begun to return rationally. Adding up the volume of yellow phosphorus is not very ideal. The demand for yellow phosphorus is still in the face of adjustment, but overall supply side, there will be no sharp decline in the short term. Narrow amplitude shocks dominate.

Price fluctuations are normal. Short-term recommendations focus on downstream trends, device changes, and market turnover. However, the long-term trend is not easy to judge, after all, supply and demand are only a small part of the trend. As soon as the news surface changes, the trend is totally unexpected.

Price data

According to the price monitoring of business associations, the price of gasoline and diesel oil rose this week, domestic gasoline price was 6416 yuan/ton, 2.58% higher than last week’s gasoline price; domestic diesel price was 6589 yuan/ton, 3.47% higher than last week’s diesel price.

II. Analysis of Influencing Factors

Products: On July 23, at 24pm, the price adjustment of refined oil market ushered in the second grounding in the year. This week, oil price shocks and rebounds, which promoted the domestic refined oil market to rise.

Industry Chain: On the international crude oil side, the situation in the Middle East continues to ferment. Iran’s seizure of British tankers has upgraded the situation. International oil prices have gained this momentum, and oil prices have surged upwards.

Market aspect: Because of the good crude oil, the fluctuation of international oil price, the strong purchasing atmosphere of refined oil market earlier this week, refineries continue to push up the price of gasoline and diesel oil. At the same time, the price of gasoline and diesel oil has also been pushed up to the highest level in the year. With the weakening of local refinery gasoline and diesel oil shipments and the increasing pressure of refinery inventory, gasoline and diesel prices have begun to stimulate shipments. There is a decline. Overall, the domestic refined oil market rose first and then fell slightly.

3. Future Market Forecast

Lu Xingjun, an analyst of refined oil in Shandong Business Association, believes that after continuous replenishment in the early stage, downstream traders are now entering the wait-and-see stage of depot elimination, and the price of gasoline and diesel oil in Shandong local refining market is expected to fall first and then rise.

Price Trend

According to the data of business associations, the market price of aniline in Nanjing rose 50 yuan/ton this week, 0.77% higher than last week, while that in Shandong fell 230 yuan/ton, or 3.8% lower than last week. The mainstream price in Shandong is 5800 yuan/ton, while that in Nanjing is 6500 yuan/ton.

II. Analytical Review

Raw Material: Domestic pure benzene (except Sinopec) has fallen this week. At the beginning of the week, the situation continued over the weekend. Last week, the price of pure benzene in the external market continued to fall, which hit the bullish mentality of market participants, and the domestic market lacked the driving force for speculation. The downstream products of pure benzene have a general market situation and strong resistance to high-price pure benzene. Pure benzene prices continued to fall this week, basically back to the beginning of the month, affected by the domestic pure benzene has followed the decline.

Product: Aniline prices in Nanjing increased by 50 yuan/ton earlier this week due to cost pressures. In the latter period, the price of pure benzene weakened, aniline lost cost support, and downstream demand was general. The price of aniline in Shandong fell.

Downstream: This week’s downstream MDI market is better, up 2.83% from last week, which has some support for the price of aniline.

III. Future Market Expectations

At present, the price of pure benzene inside and outside is basically the same, and the price of pure benzene in Sinopec is still at a high level. It is expected that there will be a downward trend in the later period. Although the price of pure benzene may continue to decline, the cost-surface pressure of aniline still exists, and the price fluctuation will not be too large.

Aniline is expected to run steadily or weakly next week.

On July 24, the ammonium nitrate commodity index was 103.51, which was the same as yesterday. It was 12.59% lower than the peak of 118.42 points in the cycle (2019-01-15), and 33.79% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but recently with the warming of the weather, the influence of northern air limitation disappears. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles. Domestic prices are declining. As of the 24th, domestic ammonium nitrate market price negotiations in 1900-2050 yuan/ton, affected by environmental protection, so now many manufacturers in many areas have been forced to limit production or stop production and maintenance for environmental protection inspection, the price trend of ammonium nitrate on the site is temporarily stable.

Recently, the domestic price of nitric acid has been temporarily stable, the market price is 1756.67 yuan/ton as of 24 days. The decline of nitric acid price has a negative impact on the ammonium nitrate market. The price trend of ammonium nitrate keeps low. The domestic market of liquid ammonia in the upstream is rising slightly, the market performance is general, and the market transaction is still acceptable, mainly due to the upstream transaction. The impact of this increase, transaction remains stable, most of the manufacturers’inventory pressure has eased slightly compared with the previous period, and some of the overhauls are the main ones. The supply performance of most manufacturers in North China is still acceptable. The price quoted by manufacturers in North China is maintained at around 3300 yuan/ton. The price quoted by manufacturers in Northwest China is between 2800 yuan/ton and 3000 yuan/ton. The normal shipment of manufacturers is downstream. Reasonable purchasing of manufacturers and rising prices of raw materials in the upstream have a positive impact on the ammonium nitrate market, and the price trend of ammonium nitrate Market is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the inventory of ammonium nitrate manufacturers has increased. However, the price trend of liquid ammonia market is temporarily stable, and the market of ammonium nitrate is shaking at a low level due to the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to maintain shocks in the later period.

A Survey of Magnesium Market Trends

1. Commodity Name: Magnesium Ingot (9990)

2. Latest price (2019.7.15): 15800 yuan/ton

Magnesium ingots (99.9%, non-pickling, simple packaging) from the main producing areas in China are charged with cash tax as follows:

Fugu area ex-factory includes 15 600-15 900 yuan/ton of tax, Taiyuan area 15 900-16 000 yuan/ton of cash, Wenxi area 15 800-16 000 yuan/ton of cash and Ningxia area 15 700-16 000 yuan/ton of cash.

3. Analysis points: Last week, due to the influence of ferrosilicon raw material, the price of magnesium ingot increased and stabilized. At the beginning of this week, due to weak downstream market demand, weak market turnover, a small number of new orders, manufacturers’willingness to bid lower, magnesium ingot prices have fallen.

4. Future market forecast: The current situation of oversupply makes the rising market driven by cost factors weak, and the price of magnesium ingot is expected to be weak and stable in the near future.