According to the monitoring data of business agency, as of March 16, the average ex factory price of n-butanol in Shandong was 10366 yuan / ton. Compared with the price on March 13 (the reference average price of n-butanol was 11000 yuan / ton), the average price was reduced by 634 yuan / ton, a decrease of 6.61%.

It can be seen from the data monitoring chart of business agency that this week, the domestic n-butanol market in Shandong showed a downward trend as a whole. At the beginning of this week (14th and 15th), the downstream demand for n-butanol decreased, mainly digesting the inventory in the early stage, and the demand support was loose. The quoted price of n-butanol factories in Shandong Province was adjusted downward, with a reduction range of 100-300 yuan / ton. In the middle of the week (16th), the continuous decline of crude oil prices affected the mentality of n-butanol operators. The downstream decline started, the demand support continued to be insufficient, and the supply pressure of n-butanol increased, The market focus of n-butanol in Shandong continues to decline, and the reduction range is around 300-700 yuan / ton. As of the 16th, the ex factory price of n-butanol in Shandong Province was around 10300-10500 yuan / ton, with a decrease of 6.6% in the week. At present, the downstream demand is weak, and the trading atmosphere of n-butanol is general.

In terms of upstream propylene, the domestic propylene market in Shandong moved downward this week. According to the data monitoring of business agency, the reference price of propylene in Shandong was 8544 yuan / ton on March 16, down 5.72% this week compared with March 13 (9062.6 yuan / ton).

Future analysis of n-butanol

At present, the effective support of n-butanol field is insufficient, and the upper and lower transmission performance is general. The n-butanol datagrapher of business society believes that in the short term, the n-butanol market in Shandong will be dominated by weak operation, and more attention needs to be paid to the changes of supply and demand.

Price dynamics: on March 14, Sinopec North China: Qilu Petrochemical offered 8600 yuan / ton;

East China: the quotation of Yangzi Petrochemical is 8600 yuan / ton;

South China: Hainan Refining & Chemical Co., Ltd. offers 8600 yuan / ton;

Central China: the quotation of Wuhan ethylene is 8600 yuan / ton;

Others: Dongming Petrochemical offers 9000 yuan / ton, HSBC Petrochemical offers 8650 yuan / ton, Jincheng Petrochemical offers 8280 yuan / ton, Weilian chemical offers 8353 yuan / ton, Xinhai Petrochemical offers 8600 yuan / ton, and Hongrun Petrochemical offers 8550 yuan / ton.

Analysis and comments: in terms of crude oil, the market is still affected by the war between Russia and Ukraine, and traders are worried about the Supply Prospect of the oil market. According to the data released by Baker Hughes on the 11th, the number of active oil rigs in the United States this week was 527, an increase of 8 month on month and 218 year-on-year.

Today, Sinopec reduced the price of pure benzene by 300 yuan / ton, Weilian chemical reduced the price of pure benzene by 50 yuan / ton, Hongrun Petrochemical reduced the price of pure benzene by 300 yuan / ton, Xinhai Petrochemical reduced the price of pure benzene by 200 yuan / ton, and HSBC Petrochemical reduced the price of pure benzene by 300 yuan / ton.

Pure benzene negotiation turned weak, and Shandong local refining company was in a strong mood of price reduction and shipment. Today, Sinopec cut the price of pure benzene by 300 yuan / ton to 8600 yuan / ton, and the domestic price of pure benzene is 8280-9000 yuan / ton.

Price trend of metallic magnesium

Market analysis this week

As of Friday, the average market price of domestic magnesium ingots was 43000 yuan / ton, up 500 yuan / ton from last Friday. On the whole, the market price was relatively stable in the first half of the week, and the supply and demand sides were in a stalemate; In the second half of the week, the price operated smoothly, and the merchants’ willingness to stabilize the price was relatively large. Some merchants also reduced the price for sale, and the market turnover declined.

Upstream aspect

75. The quotation of ferrosilicon is around 9400-9500 yuan / ton. It was reported on Tuesday that it will be raised to 10000 yuan / ton, and the market of blue carbon is also strong. Shenmulan carbon group said that the current coal price cost is high, and the enterprise has a loss, so it raised the market guide price of blue carbon. This price adjustment has raised the production cost of magnesium ingots in the medium and long term. The magnesium factory has strong price support mood, has a good view of the future market, and will not make an external quotation for the time being.

Downstream aspect

The price of domestic organosilicon DMC plummeted sharply. According to the data monitoring, the average price of organosilicon DMC market quotation in mainstream areas is 35720 yuan / ton. The polysilicon market continued to rise, but the increase slowed down significantly. The overall performance of downstream market demand is general. Some traders said that downstream orders are weak, and they are still waiting and waiting under the condition of rapid decline in magnesium price.

Future forecast

In the short term, the supply and demand sides are in the Stalemate Stage of the game. Affected by the weak demand, the downward pressure on the magnesium price still exists. Although the factory has a strong willingness to stabilize the price, it has insufficient action force on the price in the case of serious downstream price reduction. Business community analysts believe that the magnesium price has fallen to the level of 40000 yuan, and some replenishment needs are expected to enter the market, There is limited room for price decline in the short term, and we need to pay attention to the root of future demand.

Price trend of domestic sodium pyrosulfite

According to the monitoring of business society, the price of domestic sodium pyrosulfite remained stable as a whole this week. The average price of industrial grade sodium pyrosulfite was 2683.33 yuan / ton at the beginning of the week and 2683.33 yuan / ton at the end of the week.

This week, the domestic market price of industrial grade sodium pyrosulfite remained stable as a whole, with the price between 2500-2900 yuan / ton, mostly around 2600 yuan / ton. The market transaction atmosphere is general, mainly fast in and fast out, mainly just in need of support, and enterprises mainly complete orders from old customers. (the above prices refer to the external quotations of domestic mainstream enterprises, and some unreported enterprises are not within their scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact manufacturers for details).

Since the beginning of March, the overall high price of domestic soda ash has remained stable, the overall price of domestic sulfur has increased by 15.97%, and the overall cost of raw materials still shows a rising trend, which will support the market price of sodium pyrosulfite in the future.

Future forecast

Business analysts believe that the overall high price of upstream raw materials is stabilizing, and the domestic market price of sodium pyrosulfite will continue to operate strongly in the short term under the support of cost.

According to the monitoring data of business agency, as of March 10, 2022, the average ex factory price of domestic butanone market is 12833 yuan / ton. Compared with March 6 (the ex factory price of butanone is 12333 yuan / ton), the average price is increased by 500 yuan / ton, an increase of 4.90%.

It can be seen from the data monitoring chart of business agency that the domestic butanone market showed an overall upward movement this week. At the beginning of the week, the downstream demand of butanone was general, and the volume of real order transactions was general. However, with the support of the cost side, the butanone industry had a strong intention to support the price. On July and August, the offer price of butanone factory increased by a narrow margin, with an increase range of about 100-200 yuan / ton. In the middle of the week, the cost side of raw materials continued to support the market, and the overall butanone market continued to operate strongly. On the 10th, the overall butanone market ushered in a wide rise. The adjustment range of the offer price of butanone factories in Shandong was 300-500 yuan / ton, and the domestic ex factory price of butanone was around 12700-12900 yuan / ton. Compared with the beginning of the week, the overall increase in the week was 4.9%. At present, the butanone market has risen to a high level, the overall demand of the downstream is cautious, and the trading atmosphere on the floor is general.

Upstream, in March and the beginning of the month, the domestic liquefied gas market rose steadily as a whole. Entering this week, on the 7th, the liquefied gas market ushered in a wide rise, the civil gas market in Shandong increased significantly, and the sharp rise of international crude oil brought strong support to the market. At the weekend, manufacturers shipped more smoothly, most of their inventories were controllable, their mentality was relatively strong, and the price rose with it. The price is expected to be strong in the short term. According to the monitoring data of business agency, the reference price of liquefied gas was 7150 yuan / ton on March 9, up 14.47% compared with 6246 yuan / ton on March 1.

Future analysis of butanone

At present, the downstream demand side of the butanone market is generally performing, mainly through actual single side negotiation. The butanone datagrapher of the business society believes that in the short term, the butanone market is mostly high-level sorting and operation, and more attention should be paid to the basic changes in the supply and demand side of butanone.

Price trend of metallic magnesium

 
Market analysis this week

The magnesium ingot Market is in a high and falling trend. The price is not enough due to the release of downstream demand and the cold market transaction. As of Friday, the average market price of domestic magnesium ingots was 42500 yuan / ton, down 7.61 percentage points from last week. There were signs of correction in the price market at the beginning of the week, and the price continued to decline in the middle and late of the week until Friday.

Bad

On the one hand, there has been no significant progress in the rectification plan of Lanchan. On the policy side, the news of limited production of Lanchan has less and less impact on the magnesium ingot Market. The magnesium price rose driven by the speculation on the news side last week, so there has been a significant decline; On the other hand, the overall performance of downstream demand is weak. Even after the price continues to decline, the willingness of downstream customers to replenish is weak. There are still customers with digestible inventory and a strong wait-and-see atmosphere.

Downstream aspect

The domestic silicone DMC market as a whole is rising. On the 7th, the factory quotation of domestic organosilicon DMC was around 37000-39500 yuan / ton, and the average price was 38200 yuan / ton. At present, the supply of organosilicon DMC in the field is still tight, the sealing in the field is increasing, the market trading atmosphere is acceptable, and the market situation of organosilicon DMC is stable, medium and strong in the short term.

Future forecast

Business analysts believe that the market outlook is weak, but the overall decline will not be too large. Magnesium prices rose sharply last week, which is bound to affect downstream demand. Moreover, the social inventory of magnesium ingots is sufficient and the rise is blocked. With regard to the decline in the price of magnesium ingots, magnesium manufacturers have no financial pressure, and their willingness to ship is reduced. Some merchants do not offer prices temporarily, and their willingness to stabilize prices is strong. At present, the price of magnesium ingots has returned to about 40000 yuan, which may stimulate some newly needed customers to replenish on bargain hunting. Generally speaking, the price of magnesium ingots is weak in the short term, and there is limited room for decline.

This week, the spot tin market price (2.25-3.4) was mainly upward. The average price in the domestic market was 340680 yuan / ton last weekend and 342030 yuan / ton this weekend, up 0.44% this week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the business community, there are 12 commodities in the non-ferrous sector that have increased month on month in the list of commodity prices in the 9th week of 2022 (2.28-3.4). The top three commodities are nickel (4.98%), metallic silicon (3.69%) and aluminum (3.27%). There are 5 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 8.7% of the monitored commodities in this sector; The products with the top three declines were electrolytic manganese (- 10.40%), magnesium (- 7.61%) and dysprosium ferroalloy (- 1.12%). The average rise and fall this week was 0.26%.

In terms of futures market, Shanghai tin was stronger in shock this week, with a weekly rise of 1.9%. The trend of the spot market this week was basically close to Shanghai tin, and the overall shock was upward. After the 25th, affected by Russia and Ukraine, the external metal rebounded sharply, and most domestic metals rose.

Basically, tin is still in a pattern of weak supply and demand. At present, the Russian Ukrainian incident has little impact on the tin market, especially in China. At present, the main factor affecting the price of tin market is inventory. The main factors affecting the domestic tin price are the continuous tight supply at the mine end and the overall low domestic inventory. Low inventory has always been the final factor supporting the gradual rise of tin price. Aftermarket: basically, the current tin inventory is still low, the downstream demand is expected to be OK, the supply is tight, and the demand is expected to be strong. The trend of tin price shock is mainly strong.

This week, the domestic propane market rose significantly, and the Shandong market showed a continuous upward trend. According to the data monitoring of business agency, the average price of propane in Shandong market was 6453.25 yuan / ton on February 28 and 7438.25 yuan / ton on March 7. The increase rate in the week was 15.26%, an increase of 84.42% compared with the same period last year.

As of March 7, the mainstream prices of propane in different regions in China are as follows:

region . March 7th

East China 7200-7300 yuan / ton

North China 7150-7350 yuan / ton

Shandong Province 7300-7500 yuan / ton

South China 7300-7450 yuan / ton

Recently, the domestic propane market has increased in a wide range, and the propane Market in Shandong has increased significantly. Most of the prices have risen to around 7500 yuan / ton. At present, the market is favorable and sufficient. First, the continuous sharp rise of international crude oil has brought obvious support to the market. In addition, when CP prices were introduced in March, both propylene and butane rose sharply, with obvious cost side benefits. At present, the supply side of Shandong market is relatively small, and the upstream inventory is mostly in a controllable state, which also brings some benefits. The manufacturer’s mentality is relatively strong, and the price has continued to rise sharply. Mercosur is also the above-mentioned actor.

Saudi Aramco announced in March 2022 that both propylene and butane increased. Propane was 895 dollars / ton, an increase of 120 dollars / ton over the previous month; Butane 920 US dollars / ton, up 145 US dollars / ton compared with the previous month.

On the whole, the current international crude oil continues to rise sharply, which brings some support to the market. In addition, the limited market supply is also the main factor for the upward price. However, the current price has risen to a relatively high level, and the downstream has limited ability to accept high prices. It is expected that the price of propane market will be strong in the short term, and the upward range may be limited.

1、 Price trend

According to the data monitoring of the bulk list of business society, the bromine price is weak this week. The average market price at the beginning of the week was 57333.33 yuan / ton, and the average market price at the weekend was 56666.67 yuan / ton, down 1.16% and up 65.32% year-on-year. On March 3, the bromine commodity index was 198.83, unchanged from yesterday, down 18.90% from the highest point 245.18 in the cycle (2021-10-27), and up 237.46% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the domestic bromine price is weak. At present, the mainstream price of Shandong enterprises is about 55000-57000 yuan / ton. The bromine price is weak, and the inventory of bromine enterprises has increased slightly. The downstream flame retardants and pharmaceutical intermediates industry started slowly, mostly purchased on demand, and the enterprise shipped generally. The phenomenon of price reduction is more obvious.

In terms of raw materials, the price of sulfur rose this week. The average market price at the beginning of the week was about 2253.33 yuan / ton, and the average market price at the weekend was 2400 yuan / ton, up 6.51%, 64.76% over the same period last year. There is no inventory pressure on domestic refineries, and the quotation closely follows the changes of market news. Due to the severe international situation, the freight of imported sulfur increases, the port supply is limited, and the price is mainly supported by the cargo holders. The downstream demand for domestic refineries increases. Due to the weakening of sulfuric acid market, the price of liquid sulfur changes little, while the demand for phosphate fertilizer is stable, and the port market stimulates the sharp rise of sulfur fixation price.

Business analysts believe that the price of bromine has been weak and downward recently, and the downstream flame retardants and intermediates of bromine are mostly purchased on demand, but the actual transaction is general. It is comprehensively estimated that the short-term price of bromine is mainly weak, depending on the demand of the downstream market.

1、 Price summary on March 2:

The quotation of Shijiazhuang refining and chemical company is 7750 yuan / ton, and that of Qilu Petrochemical Company is 7750 yuan / ton,

Yangba offers 7450 yuan / ton,

Guangzhou Petrochemical quoted 7550 yuan / ton, Maoming Petrochemical quoted 7500 yuan / ton,

Changling refinery offers 7600 yuan / ton,

Shandong Jingbo Petrochemical offers 8000 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the situation in Ukraine remains tense, and European and American countries have increased sanctions against Russia. The market is expected that the sanctions imposed on Russia may lead to a large number of divestments of oil assets. The expectation of crude oil supply shortage in the next few months is further strengthened, and the fear of supply interruption is intensified. The international oil price soared yesterday. According to EIA data, US commercial crude oil inventories fell 2.6 million barrels month on month in the week ended February 25.

Today, Sinopec East China toluene price increased by 350 yuan / ton, South China toluene price increased by 300 yuan / ton, and Jingbo Petrochemical toluene price increased by 100 yuan / ton.

Yesterday, the international oil price soared, the toluene in Asia rose broadly, and the industry actively supported the price and followed the rise of crude oil. Some large refineries reduced the quantity of toluene for export and changed it to be used for gasoline. The reduction of spot supply also boosted the price of toluene. In the short term, toluene mainly follows the price trend of crude oil and gasoline and diesel oil.