Zinc prices fell sharply after the festival

According to the data monitoring of business society, the zinc price fell sharply after the festival, and the high level of zinc market fell back. As of May 10, the price of zinc was 25720 yuan / ton, down 7.29% from 27742 yuan / ton on May 1 at the beginning of the month. The supply and demand of zinc market recovered after the festival, but the supply recovered faster than the demand, and the zinc price fell sharply after the festival.

Zinc ingot inventory in LME market continued to decline sharply

Time, LME zinc inventory, Increase or decrease, Proportion of change, Register warehouse receipt, cancelled warrants

April 29, 95350., – 925., – 0.96., 33700., sixty-one thousand six hundred and fifty

May 3, 95350., 0 0 34475., sixty thousand eight hundred and seventy-five

May 4, 94075., – 1275., – 1.34., 34475., fifty-nine thousand and six hundred

May 5, 93175., – 900., – 0.96., 34475., fifty-eight thousand and seven hundred

May 6, 94375., 1200., 1.29., 36050., fifty-eight thousand three hundred and twenty-five

May 9, 92575., – 1800., – 1.91., 36050., fifty-six thousand five hundred and twenty-five

From the zinc ingot inventory data of LME market, it can be seen that after the festival, the decline of zinc ingot inventory in LME market slowed down, the number of registered warehouse receipts increased slowly, and the number of cancelled warehouse receipts decreased. The supply of zinc increased, the rising power of zinc price weakened, and the downward pressure increased.

Inventory increase in Shanghai Futures Market

Time, Futures inventory, Increase or decrease

April 29, 126411., – one thousand and twenty-seven

May 5, 122380., – four thousand and thirty-one

May 6, 122907., five hundred and twenty-seven

May 9, 123332., four hundred and twenty-five

May 10, 123266., – sixty-six

It can be seen from the inventory data of Shanghai futures market that after the May Festival, the futures zinc inventory of Shanghai futures market accumulated, the supply of zinc market increased, and then the market demand anxiety continued, the supply-demand balance of zinc market moved down, and the downward pressure on zinc price increased.

European supply or recovery

Europe is in the off-season of energy demand and natural gas prices are weak. The processing fee of imported zinc concentrate continues to rise, the supply of outer zinc concentrate tends to be loose, the profits of European smelters have been repaired, the operating rate of smelters may rise, and the tension of outer supply may be alleviated. The supply of zinc in Europe has increased, and the pressure of zinc price decline has increased.

Future forecast

Business analysts believe that the supply of zinc market has picked up after the festival, the zinc ingot inventory in Shanghai futures market has accumulated, the registered warehouse receipts of zinc ingot inventory in LME market have increased, and the cancelled warehouse receipts have decreased. In terms of demand, the supply of global zinc market has increased. In terms of domestic production and work resumption, the recovery of zinc market demand is less than expected. In the future, the supply of zinc recovered, the growth of demand was less than expected, and the zinc price stabilized after a slight decline.

1、 Price summary of mixed xylene on May 7:

Qingdao refinery offers 7450 yuan / ton, and Shijiazhuang Refinery offers 7300 yuan / ton,

Jiujiang Petrochemical offers 7600 yuan / ton, and Yangba offers 7450 yuan / ton,

Guangzhou Petrochemical quoted 7750 yuan / ton, Maoming Petrochemical quoted 7700 yuan / ton,

Changling refinery offers 7700 yuan / ton,

Xinhai Petrochemical offers 7600 yuan / ton and Hongrun Petrochemical offers 7500 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the European Union plans to gradually stop Russian oil imports. The market is worried about the shortage of crude oil supply, and the international oil price has risen for three days in a row.

Gasoline prices fell, the downstream demand for mixed xylene did not follow up significantly, market negotiations were light, and the focus weakened.

According to the monitoring of business agency, the domestic rare earth market price index began to change little in late April, and the domestic rare earth industry gradually returned to rationality. The domestic praseodymium neodymium price rose slightly, and the heavy rare earth market price was mainly stable. The rare earth index was 790 on May 6, up 2 points from yesterday, down 21.55% from the highest point 1007 in the cycle (2022-02-24), and up 191.51% from the lowest point 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

In the past half month, the price trend of domestic light rare earth market rose slightly, and the trend of some mainstream praseodymium neodymium products in the rare earth market rose slightly. In terms of products:

As can be seen from the product price trend chart, the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide increased slightly. As of July 7, the price of neodymium oxide in rare earth in China was 895000 yuan / ton, with a half month increase of 1.13%; The price of neodymium was 1.095 million yuan / ton, with a half month price increase of 0.46%; The price of praseodymium oxide was 900000 yuan / ton, with a price increase of 4.0%; The price of praseodymium neodymium oxide was 862500 yuan / ton, up 1.47% in the first half of the month; The price of praseodymium neodymium alloy was 1.05 million yuan / ton, an increase of 0.96%; The price of metal praseodymium is 1185000 yuan / ton, the price trend is temporarily stable, and the domestic rare earth market rises slightly.

The domestic rare earth market price has gradually returned to rationality. The on-site price has not changed much, and the market has increased slightly. Recently, the downstream procurement is normal. In addition, affected by the epidemic, some upstream and downstream production is affected, and the downstream purchase is mainly on demand, and the on-site price has increased slightly. The inventory of downstream magnetic material enterprises in the field is not high, but the demand for spot procurement is weak, and the increase of rare earth market is small. Due to the normal supply of mainstream products such as praseodymium and neodymium oxide in some large groups, some small waste recycling enterprises reduce production due to insufficient raw material inventory due to the shortage of waste supply. Magnetic material enterprises are mostly distributed in Zhejiang. Affected by the epidemic situation in the Yangtze River Delta and the Pearl River Delta, the demand for orders of downstream new energy vehicles and electric two wheeled vehicles is reduced, the demand for spot procurement is weak, and the increase of on-site prices is limited. In addition, the rare earth metal factory was more cautious in purchasing without lock orders, and the market price of rare earth in the field increased slightly.

The national environmental protection supervision is still continuing, and rare earths are purchased on demand. At present, the inventory of neodymium praseodymium oxide has not changed much. Affected by the mood of buying up or not, the price trend in the market has increased slightly. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in March 2022, China’s automobile production and sales reached 1.422 million and 1.43 million respectively, up 4 times and 3.6 times month on month, down 44.5% and 43.3% year-on-year. Automobile production and sales have declined. Recently, the demand in the field of new energy has been normal, the domestic light rare earth market has increased slightly, and the domestic heavy rare earth market price has remained stable.

It can be seen from the trend chart that the price of dysprosium Series in China has not changed much. As of July 7, the price of dysprosium oxide was 2.615 million yuan / ton, an increase of 0.38% this month; The price of dysprosium ferroalloy is 2.595 million yuan / ton, and the trend is temporarily stable; The price of dysprosium metal is 3.315 million yuan / ton, with a stable trend; The price of terbium Series in China has increased slightly. The price of terbium oxide in China is 14.5 million yuan / ton, and the price of metal terbium is 18.2 million yuan / ton. The price of heavy rare earth rose slightly, and the leading magnetic material factory purchased on demand, which led to the stable trend of the domestic heavy rare earth market. The raw material inventory of separation enterprises in the areas where light rare earth mines are used in Sichuan and other places is still sufficient. The reduction of this part of supply has little impact on the operating rate of separation plants in the areas where light rare earth mines are used. In addition, Myanmar’s export is limited, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, and the price trend of heavy rare earth in the venue rose slightly.

In addition, the national policy supports the rare earth market. The first batch of Rare Earth total amount control indicators in 2022 are in line with expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earths (mainly light rare earths) were 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earths were 11490 tons, with a year-on-year balance. It is expected that the increment concentrated on light rare earths will be a long-term trend, and the domestic rare earth market will still be supported in the long run.

The sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth has been guaranteed in terms of long-term demand. In addition, the recent news of resumption of work and production has increased the enthusiasm of downstream procurement. With the continuous change of the global supply pattern of rare earth raw materials, the deepening of the requirements of innovation driven green development, the continuous strengthening of the standardized governance of the domestic rare earth industry and the further deepening of the understanding of resource scarcity, Chen Ling, an analyst at business news agency, expects the domestic rare earth market price to rise slightly in May.

Polyoxymethylene market price trend chart

Price curve of paraformaldehyde

According to the monitoring of business agency, the average production price of paraformaldehyde in Shandong was 5666 yuan / ton on April 28, and the average production price of paraformaldehyde in Shandong was 5700 yuan / ton on April 22, down 0.58%.

On April 25, Linyi Shengyang Chemical Co., Ltd. had an annual output of 9000 tons of paraformaldehyde. The ex factory quotation of paraformaldehyde (96) including tax was 5700 yuan / ton, and the price fell by 100 yuan / ton compared with last week. Due to the epidemic situation, the market shipment was blocked. Shandong aldehyde Industry Chemical Co., Ltd. has an annual output of 30000 tons of paraformaldehyde. The quotation of 96 paraformaldehyde is 5800 yuan / ton, which is the same as that at the beginning of the month. The manufacturer’s quotation is strong, and the goods in the paraformaldehyde market are acceptable. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10000 tons of paraformaldehyde. The ex factory quotation of paraformaldehyde (96) including tax is 5500 yuan / ton. The manufacturer’s quotation is firm, and the goods can be delivered this week.

Methanol market price trend chart

According to the monitoring data of business agency, the average price of domestic methanol producers was 2745 yuan / ton on April 28 and 2835 yuan / ton on April 22, down 3.17%.

The methanol market continues to weaken. Due to the epidemic, the polyoxymethylene market is not smooth, and the polyoxymethylene analysts of the business community expect that polyoxymethylene may be weak and downward.

According to statistics, the price trend of domestic fluorite rose slightly in April. By the end of the month, the average price of domestic fluorite was 2583.33 yuan / ton, up 1.42% from 2547.22 yuan / ton at the beginning of the month, down 2.92% year-on-year.

In April, the price trend of fluorite rose slightly, and the on-site operation was general. Due to the obstruction of fluorite supply transportation in some areas, the spot of fluorite on the site was tight, the operating rate of fluorite devices in the North rose slowly, the trading atmosphere on the site rose, and the price trend of fluorite rose slightly. Some units of domestic Southern fluorite manufacturers started and restarted, the start-up of mines and flotation units in the site increased, the delivery of goods in the fluorite site was in good condition, some small factories were shut down, and the market price of fluorite increased slightly. In April, the market price of downstream hydrofluoric acid rose, but the downstream of the terminal was mainly purchased on demand. By the end of the month, the price of 97 fluorite wet powder in Inner Mongolia was 2450-2550 yuan / ton, the mainstream of 97 fluorite wet powder negotiation in Fujian was 2550-2600 yuan / ton, the price of 97 fluorite wet powder in Henan was 2500-2600 yuan / ton, the price of 97 fluorite wet powder in Jiangxi was 2500-2700 yuan / ton, and the domestic fluorite price was mainly higher in April.

The market price of hydrofluoric acid in the downstream of fluorite rose this month. By the end of the month, the domestic market price of hydrofluoric acid was 11560 yuan / ton, with an increase of 1.23% in April. The rising market price of hydrofluoric acid had a certain positive impact on the upstream fluorite market, and the price of fluorite rose slightly.

The prices of downstream refrigerant products rose and fell, and the operating rate of the refrigerant industry in the field remained low. Recently, the sales of the automobile industry were normal, and the refrigerant market changed little. In terms of demand, it was mainly purchased on demand, and the refrigerant industry market fluctuated slightly. On the whole, the refrigerant market is mainly stable, and the price trend of chloroform is rising, which makes the cost of the refrigerant industry pick up. At present, the price trend of refrigerant R22 is rising. The start-up of major mainstream refrigerant manufacturers is still not high, and the market supply is normal, but the demand is mainly on demand. The demand in R22 market application field has increased slightly. Some manufacturers have raised the ex factory price, and the price of mainstream manufacturers has changed little. Up to now, the market quotation of R22 is in the range of 17500-18500 yuan / ton. The price trend of R134a in China has declined, the price of trichloroethylene has maintained, the cost is under pressure, the phenomenon of closing and stopping the report of R134a has increased, the market price is temporarily stable, and the focus of trading is low. At present, the market quotation of R134a is in the range of 24000-27000 yuan / ton, the high price transaction is weak, the market sentiment is poor, the actual transaction is mostly profitable, and the downstream refrigerant market is still weak. Affected by this, the price of fluorite has little increase.

On the whole, the market of the downstream refrigerant industry remains depressed, but there are many restart of enterprise devices in the later stage. In addition, the market price of hydrofluoric acid in the field is slightly higher, which is affected by the combination of long and short. Recently, the manufacturers reflect the increase of orders. Chen Ling, an analyst of business society, believes that the price trend of fluorite market may rise slightly in the short term.

As can be seen from the above figure, the factory price of calcium carbide in Northwest China fell slightly this month. This month, the average ex factory price of mainstream calcium carbide manufacturers in Northwest China fell from 4433.33 yuan / ton on April 1 to 3983.33 yuan / ton at the end of the month, down 10.15%, down 11.81% year-on-year compared with the same period last year.

On April 28, the calcium carbide commodity index was 104.37, unchanged from yesterday, down 50.82% from the highest point of 212.23 in the cycle (2021-10-26), and up 88.09% from the lowest point of 55.49 on March 14, 2016. (Note: the period refers to the period from September 1, 2011 to now)

According to the k-pillar chart of calcium carbide week, the price of calcium carbide fell slightly in April, with the largest decline in the second week, with an increase of 4.89%.

Upstream support is generally weakened downstream demand

From the downstream market, the ex factory price of PVC fell slightly this month. The quotation of PVC this month fell from 9040.00 yuan / ton at the beginning of the month to 8700.00 yuan / ton at the end of the month, a decrease of 3.76%, a year-on-year decrease of 2.93%. The price of 1,4 butanediol fell slightly this month, and the quotation fell from 27240.00 yuan / ton at the beginning of the month to 24460.00 yuan / ton at the end of the month, a decrease of 10.21%. On the whole, the downstream market of calcium carbide fell slightly this month, and the downstream enthusiasm for calcium carbide procurement weakened, which had a negative impact on the price of calcium carbide.

Price details of shenmulan charcoal in April

Specifications., April 1, April 16, April 29th

Little stuff, 1750 yuan / ton, 1780 yuan / ton, 1700 yuan / ton

Medium material, 1800 yuan / ton, 1820 yuan / ton, 1750 yuan / ton

Big stuff, 1800 yuan / ton, 1830 yuan / ton, 1750 yuan / ton

From the upstream raw material market, the ex factory quotation of blue carbon fell slightly this month. The quotation of Shenmu small materials at the end of this month is 1700 yuan / ton, which is 50 yuan / ton lower than that at the beginning of this month; The quotation of Shenmu Zhongliao at the end of this month is 1750 yuan / ton, which is 50 yuan / ton lower than that at the beginning of this month; The quotation of Shenmu bulk material at the end of this month is 1750 yuan / ton, which is 50 yuan / ton lower than that at the beginning of this month. Shanxi coke market price rose slightly this month. The quotation rose from 3338.00 yuan / ton at the beginning of the month to 3738.00 yuan / ton at the end of the month, an increase of 11.98%. On the whole, the price of upstream raw materials rose slightly and the cost support was good, which had a positive impact on the price of calcium carbide.

The upstream support is insufficient, the downstream procurement is weakened, and calcium carbide is bearish in the future

In the middle and early days of May, the calcium carbide market fluctuated slightly and fell, dominated by consolidation. The price of upstream raw material blue carbon has fallen slightly recently, and the cost support of calcium carbide is insufficient. The downstream 1,4 butanediol and PVC market fell slightly, and the downstream demand weakened. In the future, it is predicted that the price of calcium carbide in Northwest China may fluctuate slightly in the middle and early ten days of May.

In April, the domestic MTBE market was mixed, with different transactions. According to the data of business agency, the price of MTBE at the beginning of the month was 7375 yuan / ton, and the market price of MTBE at the end of the month was 7200 yuan / ton. The price decreased by 2.37% during the month and increased by 20.33% year-on-year.

Trend chart of average price of domestic MTBE producers in Shandong in April 2022:

According to the price monitoring of the business community, in the list of commodity prices rising and falling in March 2022, there were 10 kinds of commodities rising month on month in the energy sector, including 9 kinds of commodities rising by more than 5%, accounting for 56.3% of the monitored commodities in the sector; The top three commodities were coke (21.91%), petroleum coke (15.86%) and coking coal (14.06%). There are 5 kinds of commodities with a month on month decline, and 3 kinds of commodities with a decline of more than 5%, accounting for 18.8% of the monitored commodities in this sector; The products with the top three declines were liquefied natural gas (- 13.45%), gasoline (- 7.29%) and naphtha (- 6.89%). The average rise and fall this month was 5.78%.

Comparison chart of MTBE price trend of business society from 2018 to 2022:

Monthly K column chart of MTBE domestic production price of business agency:

Weekly K column chart of MTBE domestic production price of business agency:

At the beginning of the month, the MTBE market stopped rising and falling, with a decline of 700-800 yuan / ton. The main reason for this week’s price reduction is that the crude oil fluctuates lower and the market mentality is bad; The transportation demand in some areas continues to be limited, resulting in poor shipment of merchants.

In the first ten days of the month, the MTBE market stabilized, with only slight fluctuations in some regions. Before the Qingming Festival, local prices fell to a low level and transactions were light. Transportation and demand in some northern regions have recovered. During the Qingming Festival in Shandong, demand has increased, and business shipments have gradually improved. In addition, some factories in the region have stopped one after another, the overall supply is small, and individual businesses have increased slightly.

In mid June, the domestic MTBE market fell, with a decline of about 100-200 yuan / ton. As for the trend of international crude oil, the price showed a sharp rise and fall trend, which affected the market mentality. Although the transportation in some northern regions has recovered one after another, the slow improvement of downstream demand has hindered the sales of MTBE merchants, so they have no choice but to follow the downward adjustment.

In late June, the domestic MTBE market price stepped up again, with an increase of about 100-300 yuan / ton. With the gradual recovery of gasoline demand in the north and the continuous rise of gasoline prices this week, the demand for raw materials increased. There are still 5-6 enterprises parking in Shandong, and the export volume of some enterprises in the North has increased, resulting in the tightening of the overall supply in the north. The price of C4 raw material rose, further driving the MTBE market.

At the end of the month, the MTBE market grew first and then declined, and the transaction gradually turned light. In the first half of the week, driven by the rise of crude oil and gasoline, the downstream demand was OK. In addition, due to the rich export arbitrage, the domestic MTBE export volume increased significantly, and some units were still in shutdown. The overall domestic spot supply was in short supply for a time. Short supply boosted, and businesses continued to push up prices. In the second half of the week, as the price rose to a high level, the enthusiasm for receiving goods in the downstream weakened, and the price of alkylated oil was 300-400 yuan / ton lower than MTBE, which restrained the market trend of MTBE.

Comparison chart of crude oil (upstream raw material) and MTBE price trend of business society:

Comparison chart of MTBE and gasoline (downstream products) price trend of business agency:

In terms of external trading, as of the closing on April 28, the closing price of Asian MTBE market decreased by US $1.35/t compared with the previous trading day, and FOB Singapore closed at US $1167.72-1169.72/t. The closing price of European MTBE market increased by US $48.75/t compared with the previous trading day, and FOB ara closed at US $1272.99-1273.49/t. The closing price of us MTBE market increased by US $30.74/ton compared with the previous trading day, and FOB Gulf FOB closed at US $1398.62-1398.97/ton (393.98-394.08 cents / gallon).

Region, country., Closing price, Rise and fall

Asia, FOB Singapore, USD 1167.72-1169.72/t, – USD 1.35/ton

U.S.A., FOB Bay, 1398.62-1398.97 USD / T, USD 30.74/ton

Europe, FOB ARA., 1272.99-1273.49 USD / T, USD 48.75/ton

In the short term, the price of MTBE market is expected to rise by about 100-150 yuan / ton after May Day with the increase of demand after the festival. However, with the end of the holiday, the market demand will decrease again. In addition, the transportation and demand in some areas are still limited, and the demand will also decline. Business agency MTBE analysts believe that the domestic MTBE market may still decline in the short term.

According to the data monitored by the business agency, the price of domestic carbon black was 10300 yuan / ton on April 30. Affected by the rising cost of coal tar, the demand support of the tire industry, the impact of public events, poor transportation, the increase of export orders and other factors, the price of carbon black increased.

On the cost side, driven by the supply and demand of the domestic high-temperature coal tar market this month, the new order auction price rose again. The supply and demand of the domestic high-temperature coal tar market continued to be tight, superimposed with the influence of pre holiday stock factors, and the mainstream new order auction prices in Shandong, Shanxi, Anhui and other regions rose sharply.

In April, the overall operating rate of the carbon black market was maintained at about 54%. Affected by domestic public health events, the transportation in most areas was seriously blocked, the arrival time of raw materials was prolonged, the logistics freight rate increased and other factors increased the pressure on carbon black enterprises. The operation of most carbon black enterprises was limited. In addition, some carbon black enterprises stopped production for maintenance, dragging down the overall operation of the carbon black industry, and the industrial inventory was low. It is expected that this market will continue for some time. At present, the overall carbon black supply in the market is significantly better than that in March. There is no rush for goods in March, but the logistics transportation in the market is still blocked. Recently, with the sharp rise in the price of coal tar and the rising cost of carbon black, the mentality of carbon black enterprises is different, and the mainstream carbon black manufacturers are in a strong mood to push up; Some small carbon black manufacturers are relatively mild in the negotiation of new orders in the market, mainly waiting for orders to be received and shipped.

Downstream, the overall operating load of tire enterprises is stable. In April, although the operating rate of tire enterprises decreased compared with that in the early stage, the just needed support of tire enterprises still exists.

Business analysts believe that it is comprehensively expected that at present, the positive and negative factors in the domestic carbon black market are intertwined, and the carbon black market price may fall from a high level, but there is still a certain bottom support for the carbon black price under the operation of high cost. We should pay more attention to the overall market commencement and logistics transportation.

According to the price monitoring of the business community, the price of lithium carbonate stopped rising and retreated in April 2022, and the price remained volatile and lower until the end of the month. On April 28, the average price of industrial grade lithium carbonate in East China was 464000 yuan / ton, which decreased by 3.61% compared with the average price at the beginning of the month (the average price of industrial carbon in East China was 481400 yuan / ton on April 1). On April 28, the average price of battery grade lithium carbonate in East China was 480000 yuan / ton, which decreased by 5.06% compared with the average price at the beginning of the month (the average price of carbon in East China was 505600 yuan / ton on April 1). Until the 28th, the comprehensive price of industrial grade lithium carbonate was 440000-470000 yuan / ton, and the comprehensive price of battery grade lithium carbonate was 460000-495000 yuan / ton.

According to the observation of market changes, after the Qingming holiday, the price of lithium carbonate returned to stability, the operating rate of mineral enterprises gradually recovered, the temperature in Qinghai picked up, and the output gradually increased. Then the increase of new capacity in the market continued, and the supply continued to rise. In the demand side market, the orders of the downstream ternary end were affected by the fluctuation of nickel price, while the orders of cathode materials and iron lithium in April were affected. The procurement demand of the material side in the overall market was relatively light.

In the middle of April, the price of lithium carbonate broke the stability and began to decline. The market demand was relatively weak and the spot tension eased. Smelting enterprises also delivered at low prices, leading to the decline of small and medium-sized lithium salt plants and traders. In addition, the current domestic epidemic continues, which has an impact on the whole new energy industry chain. The shutdown of automobile enterprises and factories has led to the contraction of orders of battery enterprises, and the demand for lithium salt transmitted to the upstream continues to decrease. The price of lithium carbonate is still volatile and lower near the end of the month.

The downstream lithium hydroxide market fell. In April, with the continuous decline of the upstream lithium carbonate price, which dragged down the lithium hydroxide market atmosphere, the foreign lithium hydroxide market demand was good and the market was strong, the domestic downstream spot purchase demand was weakened, the performance of high nickel was still poor, and the lithium hydroxide Market was weak.

The price of lithium iron phosphate in the downstream decreased slightly. In April, the downstream market basically maintained the state of just in need of purchase, and the overall market operated smoothly. At present, some manufacturers are shut down, the market supply is still tight, and the supply side is obviously insufficient. It is mainly arranged and delivered by contract customers, and the number of new orders is limited. The upstream price is still relatively high, and the cost pressure of lithium iron phosphate remains.

According to the lithium carbonate analysts of business society, the impact of the current epidemic continues, and the impact on the demand side still exists. Although the upstream and downstream game state is maintained, the price support is insufficient when the demand is significantly weakened, and the market selling sentiment has put pressure on the price of lithium carbonate. It is expected that the price of lithium carbonate will continue to fluctuate weakly in the short term.

According to the monitoring data of business agency, as of April 27, 2022, the average price of organosilicon DMC market quotation in mainstream areas was 27160 yuan / ton. Compared with the price on April 24, 2022 (organosilicon DMC reference price 27980 yuan / ton), the average price was reduced by 820 yuan / ton, a decrease of 2.93%.

It can be seen from the data monitoring chart of business agency that this week, the domestic silicone DMC market showed a downward trend. Near the May Day holiday, the trading atmosphere in the silicone DMC venue is general, and the downstream goods of silicone DMC are always prepared carefully. Under the condition of poor demand boost, silicone DMC factories mostly began to sell goods at a profit. From the 25th of the week, some domestic silicone DMC factories successively reduced the ex factory price of silicone DMC, with a maximum reduction of 1200 yuan / ton per day. The high-low price difference of silicone DMC has been narrowing, and as of the 27th, The ex factory price of domestic silicone DMC is around 26300-27500 yuan / ton, the cumulative reduction range is around 1000-1500 yuan / ton, the current high-end price in the venue is around 28000 yuan / ton, and the decline in the week is 2.9%. At present, the wait-and-see mood in the downstream is still strong, the goods are calm and cautious, and the transaction is mainly negotiated.

In terms of upstream metal silicon, on April 26, the domestic metal silicon price maintained stable operation. According to the price monitoring of business society, the average price of domestic metal silicon market was 20860 yuan / ton on April 26. From the perspective of supply and demand, the market confidence of metal silicon has warmed up, and the inquiry has increased. Near the May Day holiday, the demand for goods preparation before the holiday has increased. At present, the supply has not changed significantly. The overall furnace has been started in more than half. As of the 21st, the overall furnace opening rate is 50.10%, with a month on month increase of 0.39%. Downstream aluminum alloy prices are down, downstream manufacturers resume work compared with the previous period, and the demand is released. However, under the continuous impact of the epidemic and the strong bearish sentiment of downstream customers for the future market, the market wait-and-see mood is heavy. Business analysts believe that the decline of metal silicon has stopped and stabilized as a whole. Under the macro positive and high cost, the short-term price is expected to remain stable.

Silicone DMC market outlook forecast

At present, only three days before the holiday, the silicone DMC market has also dropped to a low level after continuous decline. It is expected that the downstream wait-and-see users will also prepare goods in time in the past two days. The silicone DMC datagrapher of business society believes that in recent days, the domestic silicone DMC market will be able to stop the decline and stabilize the consolidation operation of enterprises. The market continues to have limited downward space. More attention needs to be paid to the basic changes in supply and demand.