According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1237.50 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1252.50 yuan/ton, a decrease of 1.21%. The current price has increased by 7.97% year-on-year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has risen and fallen. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, and this week’s market has risen. As of May 23rd, the mainstream market price in Shandong region is 1250-1360 yuan/ton. This week, the price of raw material methanol has skyrocketed, with strong cost support. Mainstream downstream plate factories have maintained a high demand for procurement, and their enthusiasm for receiving goods is high. The overall market transaction is still good, and the market is dominant.

Upstream methanol situation: The domestic methanol market is on the rise. On the cost side, the available resources at ports are gradually decreasing, especially due to the tight supply of some high-quality chemical coal. In addition, the market still has expectations for the upcoming peak season, and traders have a strong sentiment of price support. In mid month, most coal mines maintained normal production status, mainly focusing on fulfilling long-term agreements, and the coal supply was relatively stable. With the rise in temperature and the demand for electricity, downstream power plants may gradually replenish their warehouses, providing some support for coal prices. The cost of methanol is influenced by favorable factors.

In recent times, the price of raw material methanol has mainly fluctuated at high levels, and there is an expectation of a decline in the operating rate of downstream sheet factories. Market transactions may weaken. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline in the near future.

Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 22, the average market price of methyl acetate was 4462 yuan/ton, which is unchanged from last week.

In terms of cost

Methanol: Domestic methanol prices have fluctuated upwards this week. On May 22nd, the price of methanol was 2900 yuan/ton, and on May 15th, the price of methanol was 2828 yuan/ton, an increase of 2.54% from last week. In mid month, the situation abroad was unstable, and the arrival volume of methanol at ports was affected. The inventory in ports and mainland China was relatively low, and downstream procurement was still in demand. The tight supply situation led to a significant increase in the early stage of the methanol market. The trading atmosphere in the spot market is light, and some holders have a bad mentality, offering discounts and lowering prices.

Acetic acid: Domestic acetic acid prices have fallen this week. On May 22nd, the price of acetic acid was 3250 yuan/ton, and on May 15th, the price of acetic acid was 3400 yuan/ton, a decrease of 4.41% from last week. The continuous decline in inventory of acetic acid enterprises in the early stage, coupled with factors such as factory equipment failures and load reduction, has pushed up the price of acetic acid. The overall trading atmosphere in the later stage of the market showed a slight decline, with limited follow-up efforts. The downstream purchasing atmosphere was not good, and the regional quotations were loose, resulting in a decrease in the price of acetic acid.

Future Market Forecast

Overall, the acetic acid market has fallen, and the overall performance of acetate esters is poor. A cautious sentiment lingers between factories and the industrial chain. The downstream off-season market follows on demand, and the overall procurement pace slows down. It is expected that the methyl acetate market will operate steadily in the short term.

According to the commodity market analysis system of Business Society, the spot price of natural rubber in China continued to rise in mid May. As of May 20th, the spot rubber market in China was around 14180 yuan/ton, which is about 13590 yuan/ton compared to May 11th, an increase of 4.34%.

In mid May, the natural rubber market rose, with the Shanghai rubber 09 contract fluctuating from around 14130 yuan/ton to around 14860 yuan/ton. Currently, Thailand imports latex barrels at around 14000-14100 yuan/ton, bulk at around 12600-12700 yuan/ton, Vietnam imports latex bulk at around 11500-11700 yuan/ton, and domestically produced latex bulk at around 11300-11600 yuan/ton.

Cost side: Currently, the raw material production areas in Thailand and Vietnam are affected by weather, resulting in slow rubber cutting progress. As of May 20th, the price of Thai glue is 78.2 Thai baht/kg, with an increase in price; Delayed opening of Vietnamese production areas; The Yunnan production area in China has been affected by drought, while Hainan has been affected by rainfall, resulting in poor rubber cutting and relatively tight supply of raw materials, leading to an increase in market prices.

On the demand side: Downstream tire maintenance enterprises are gradually recovering their production scheduling, with a focus on rigid demand procurement. As of May 20th, the operating load of semi steel tires for domestic tire enterprises is around 80%; The operating load of all steel tires for tire enterprises in Shandong region is about 70%; At present, the inventory in the tire market is relatively sufficient, and shipments are average. Tire companies are cautious in purchasing raw materials, with a focus on immediate needs.

Inventory: As of May 19, 2024, the total inventory of Tianjiao Bonded and General Trade in Qingdao was 548000 tons, a decrease of 18400 tons or 3.25% compared to the previous period. The inventory in the bonded zone was 72400 tons, a decrease of 3.69%; General trade inventory was 475600 tons, a decrease of 3.18%. At present, the port is in a state of destocking.

At present, the price monitoring of natural rubber is at a one-year high, a two-year high, and a three-year high. According to the Commodity Analysis System of Business Society, the average price of natural rubber in the past three years is 12650.97 yuan/ton, with a median value of 12835 yuan/ton, a minimum value of 11170.00 yuan/ton, and a maximum value of 14500.00 yuan/ton. The bottom price difference (lower than the lowest price difference in the past three years) is 3010 yuan/ton, and the top price difference (lower than the highest price difference in the past three years) is -320 yuan/ton.

Market forecast: Limited raw material output from Thailand and Vietnam on the supply side, limited output from domestic production areas, high raw material prices, and support for natural rubber costs; At present, downstream tire companies on the demand side are in the off-season, with limited procurement and insufficient support for rubber raw material demand; At present, the inventory of natural rubber in ports continues to decrease. It is expected that the natural rubber spot market will mainly consolidate at a high level in the short term.

According to data monitoring by Business Society, as of May 20, 2024, the market price of lithium hexafluorophosphate has declined. At present, the mainstream price of lithium hexafluorophosphate is around 69000 to 70000 yuan/ton.

In terms of raw materials:

According to Business Society, on May 20th, the benchmark price of lithium carbonate was 106800.00 yuan/ton, a decrease of -1.48% compared to the beginning of this month (108400.00 yuan/ton).

Downstream aspect:

The purchasing demand atmosphere for downstream electrolyte enterprises is lukewarm, only maintaining the purchase of essential goods. Due to some enterprises having a certain amount of reserves, their demand for raw materials is not active, market transmission is not smooth, and there is no good news.

Post forecast:

According to data analysts from Business Society, due to continuous cost pressures and weak demand from downstream electrolyte companies, the lithium hexafluorophosphate market has been weak and declining recently. More information still needs to be focused on the raw material market.

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 domestic titanium dioxide market price has remained stable this week, with an average price of 17133.33 yuan/ton.

2、 Market analysis

This week, the domestic titanium dioxide market prices have remained stable. The overall trading situation in the domestic market is light, with weak downstream demand and 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, domestic prices for rutile type titanium dioxide are mostly between 16000-18300 yuan/ton; The quotation for rutile titanium dioxide is around 15500 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market for titanium concentrate in the Panxi region has remained stable this week. The market situation is average, and the cost pressure in the downstream titanium dioxide market is relatively high. Purchasing is cautious, and there is a lot of wait-and-see on the market. 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 2250-2300 yuan/ton, and the quotation for 47 grade 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the market price of titanium concentrate is operating weakly, and the actual transaction price is negotiable.

In terms of sulfuric acid, the domestic sulfuric acid market prices have fluctuated and fallen this week. According to data monitoring from Business Society, the average price of sulfuric acid on Monday was 247.5 yuan/ton, and on Friday it was 242.5 yuan/ton, a decrease of 2.02%. The downstream demand for sulfuric acid is weak, the market situation is light, and downstream enterprises face great cost pressure. The market quotation has been lowered, and 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 is temporarily stable, sulfuric acid prices have decreased, raw material support is weak, 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.

Price trend

According to the Commodity Market Analysis System of Shengyishe, the CPP market prices have been weak and stable this week. As of May 16th, domestic producers and traders have reached 25 μ The mainstream quoted price for m’s CPP film is around 10133.33 yuan/ton, which is unchanged from last week’s average price and a decrease of about 0.16% from the beginning of the month.

quotations analysis

In terms of raw materials, the price of raw material PP remained stable this week. The mainstream quoted price for T30S (wire drawing) by domestic manufacturers and traders was around 7821.43 yuan/ton, which was unchanged from last week’s (7821.43 yuan/ton) and a decrease of 0.27% compared to the beginning of this month’s (7842.86 yuan/ton). The price of raw material PP has remained stable but still at a high level this week, with strong cost support and pressure on CPP film prices.

In terms of supply: membrane enterprises have sufficient inventory and still have surplus. After the May Day holiday, membrane enterprises have resumed work in succession, and the pressure on the supply side is still there.

In terms of demand: In May, the film industry entered a off-season, with enterprises mainly relying on replenishment operations for urgent needs. Terminal inquiries were cautious, and there was no significant improvement in the trading atmosphere on the market.

Future Market Forecast

Entering the May off-season, market demand releases limited inventory, resulting in weak transactions. Although prices have weakened, there is not much room for film companies to make concessions. It is expected that CPP film prices may experience weak fluctuations in the near future

In this cycle {5.8-5.15}, the market price of acetonitrile began to decline. As of May 14th, the benchmark price of acetonitrile for Shengyishe was 10060.00 yuan/ton, a decrease of -0.20% compared to the beginning of this month (10080.00 yuan/ton). Last week, the price increase of acetonitrile was mainly driven by the increase in suppliers. Later, the operating rate of by-product method enterprises decreased, leading to a tight supply in the local area of East China, providing opportunities for market growth.

Supply side:

Recently, the spot market price of acrylonitrile has experienced a narrow decline. As of May 15th, the benchmark price of acrylonitrile for Shengyishe was 10600.00 yuan/ton, a decrease of -1.85% compared to the beginning of this month (10800.00 yuan/ton). The news is currently unclear, and there is still uncertainty in supply changes. In the short term, manufacturer inventories are not high, and there is still an intention to raise prices. Considering that the settlement expectation for this month is still high, the spot market is also cautious and stable in operation. There are plans to restart or increase losses in both the north and south, and the overall news is bearish. It is expected that the acrylonitrile market will remain weak and volatile.

On the demand side:

As downstream demand gradually begins to recover, although there is a demand for restocking after the holiday, the overall performance is still slow. Moreover, the increase in downstream pesticide production after the two sessions is not significant, and some factories still mainly digest early inventory. Although the overall performance is still weak, there are currently no obvious signs of improvement. After a long period of low production and inventory digestion, factories in the pesticide and other fields have limited available sources of goods, and there are expectations of resuming work and increasing demand. Therefore, downstream factories have seen an increase in demand for replenishment since May.

Overall:

Previously, suppliers raised their prices, but due to lack of confidence, some intermediaries took profits during this period. After a brief consolidation, due to a lack of further positive news, the market began to decline. Business Society analysts predict that whether the price of acetonitrile can continue to rise depends on the demand side situation. The supply of acetonitrile will remain saturated for a long time, so the market’s upward space is still limited.

Price trend

This week, the domestic EVA market remained stagnant, with many spot prices showing a sideways trend. According to the Commodity Market Analysis System of Shengyishe, as of May 11th, the benchmark price of EVA in China was 11333.33 yuan/ton, which is the same as May 6th.

Cause analysis

The domestic EVA market has remained stable this week, with an average supply side load of over 80% for domestic EVA enterprises. Due to the increase in petrochemical plant load reduction next week, the market supply is expected to tighten. However, due to the continued negative market conditions in the early stage, manufacturers mainly priced horizontally, and overall, EVA suppliers have average support for spot goods.

From the demand side perspective, EVA terminal enterprises have started production steadily and slightly this week, and the stocking situation has remained unchanged in terms of purchasing and consumption logic. The traditional downstream demand for foam shoe materials and cables and wires has not improved, and there are few new orders. The consumption level of photovoltaic materials has limited changes, and there is not a significant increase in post holiday stocking. The negative atmosphere in the market remains, and actual trading is cautious. Merchants have flexible order processing and weak mentality. Overall, the demand side has poor support for EVA.

Future Market Forecast

Overall, EVA prices have remained stagnant this week. The market for raw materials ethylene and vinyl acetate has not changed much, and the support for the EVA market is relatively weak. The industry load is expected to fall, and the ex factory prices of petrochemical plants are generally flat. The overall development of the demand side is poor, dragging market momentum. It is expected that the spot price of EVA will continue to operate weakly and steadily in the short term.

According to data monitored by Business Society, the carbon black market price was weak this week. As of the 11th, the domestic N220 carbon black market price was at 9566 yuan/ton.

In terms of raw materials, the market price of high-temperature coal tar has slightly declined this week. As of the 10th, the price of coal tar was 4702 yuan/ton. Recently, the price of coke has gone through five rounds of increase, which has improved the profitability of most coking enterprises. Some enterprises have even started planning to increase production capacity. This trend indicates that the supply of coal tar market may increase in the future. However, the downstream demand market for high-temperature coal tar has shown weak performance, and the market situation for deep processed products is not optimistic, resulting in some companies still operating at a loss. This situation further suppresses the market situation of high-temperature coal tar, and it is expected that its price will remain weak in the short term.

Production situation: The supply of carbon black in the market is relatively sufficient this week, and most carbon black enterprises have maintained stable production with little change.

In terms of terminals: The shipping pace of the tire industry has significantly slowed down, while the sales performance of the downstream rubber product industry is flat. Overall, the flow rate of goods is average, and the recovery of terminal demand is slow. The demand for raw materials and procurement enthusiasm have significantly decreased. Affected by this, the shipment volume of carbon black enterprises has become sluggish, and the momentum of price increase is clearly lacking in momentum.

Outlook for the future: Strong pressure from the terminal, weak prices in the high-temperature coal tar market, and relatively limited support for the cost of carbon black; At the same time, the downstream market has a relatively low demand for carbon black raw materials, and the demand side is still weak. Therefore, the carbon black market is expected to continue to maintain the current weak operating trend.

According to data monitoring by Business Society, as of May 9, 2024, the market price of lithium hexafluorophosphate has declined. At present, the mainstream price of lithium hexafluorophosphate is around 70-71000 yuan/ton.

In terms of raw materials:

According to Business Society, on May 9th, the benchmark price of lithium carbonate was 109200.00 yuan/ton, an increase of 0.74% compared to the beginning of this month (108400.00 yuan/ton).

Downstream aspect:

The purchasing demand atmosphere for downstream electrolyte enterprises is lukewarm, only maintaining the purchase of essential goods. Due to some enterprises having a certain amount of reserves, their demand for raw materials is not active, market transmission is not smooth, and there is no good news.

Post forecast:

According to data analysts from Business Society, due to continuous cost pressures and weak demand from downstream electrolyte companies, the lithium hexafluorophosphate market has been weak and declining recently. More information still needs to be focused on the raw material market.