According to the monitoring data of the Business News Agency, as of February 27, the average price of propylene oxide enterprises was 10150.00 yuan/ton, up 10.53% from February 1.

The market of propylene oxide rose in February. In the first ten days, the cost support was strong, individual devices at the supply side were slightly negative, the factory shipments were general, the inventory was slightly accumulated, but there was no pressure for the time being, supporting the market rise, and the demand was flat and wait-and-see. In the middle of the year, the market fell first and then rose, with some support on the cost side. The supply side devices fluctuated little, the factory shipments were weak, some accumulated inventory, and the market wait-and-see weakened. With the centralized replenishment after the downstream terminal wait-and-see, the market price rose. The market rose steadily in the last ten days. Near the end of the month, some devices at the supply end were overhauled, the market supply was reduced, and the demand end was waiting to follow up. In addition, the liquid chlorine at the raw material end was up at the weekend, and the propylene oxide market was operating strongly.

Upstream propylene, according to the bulk list data of the Business News Agency, the reference price of propylene was 7490.60 on February 24, down 0.53% from February 1 (7530.75).

The propylene oxide analyst of the business agency believes that the current cost support is still there, the supply side is not pressured, and the downstream is waiting to follow up. It is expected that the propylene oxide market will be strong in the short term, and more attention should be paid to the market news guidance.

Domestic sodium pyrosulfite price trend chart

According to the monitoring of the Business News Agency, the domestic sodium metabisulfite price remained stable this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2400.00 yuan/ton, and the average price at the end of the week was 2400.00 yuan/ton.

The overall performance of the domestic sodium metabisulfite market this week was fair. The market price range of industrial grade sodium metabisulfite was 2350-2500 yuan/ton, with most prices concentrated around 2350-2450 yuan/ton. Enterprise inventory continues to be low, and enterprises mainly complete orders from old customers. (The above prices refer to the external quotations of domestic mainstream enterprises, and some enterprises that have not been quoted are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of the manufacturers. Please contact the manufacturers for details).

As of February 24, the domestic soda price rose by 2.44% in the month, and the domestic sulfur price fell by 4.27%. The upstream raw material price rose and fell with each other, and the cost fluctuated slightly. The domestic sodium pyrosulfite market price continued to recover and bear pressure in the future.

Aftermarket forecast

Analysts from the Business Society believe that the cost of raw materials fluctuates slightly, and the domestic market price of sodium metabisulfite will follow the current price level of the cost to move forward slightly in the short term.

According to the bulk list data of the Business News Agency, the average price quoted by epichlorohydrin enterprises was 9200.00 yuan/ton as of February 23, down 1.08% from Monday’s price.

The epichlorohydrin market fell first and then stabilized this week. Recently, the price of raw material propylene rose first and then fell. The price of raw material glycerin was stable, and the cost side pressure was high, but the demand side was not followed up enough. The downstream bargain-hunting small order just needed to be purchased, and the shipment of the carrier was under pressure. The focus of the epichlorohydrin market negotiation was weak.

Upstream propylene, according to the data monitoring of the Business News Agency, the recent domestic propylene (Shandong) market rose first and then fell. On February 22, the reference price of propylene was 7695.75, up 2.19% from February 1 (7530.75).

For downstream epoxy resin, the reference price of epoxy resin was 15366.67 on February 22, down 7.43% from February 1 (16600.00).

According to the epichlorohydrin analyst of the business agency, the current cost support is strong, but the demand is weak, and the market trading atmosphere is flat. It is expected that the epichlorohydrin market may become stale and weak in the short term, and more attention still needs to be paid to the guidance of market news.

This week, the spot tin market price (2.10-217) fell first and then rose, and the overall decline. The average price of the domestic market was 217610 yuan/ton at the end of last week and 214360 yuan/ton at the end of this week, down 1.49%.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the tin price will rise as a whole after November 2022 due to the influence of macro factors.

In the futures market, Lunxi fell about 3% this week, while Shanghai Tin fell 2.4%. In the macro aspect of the week, the US CPI data in January fell less than expected, while the PPI data growth exceeded expectations, and the overall performance of economic data was poor. The upward metal market of the US dollar index was generally under pressure. Influenced by the expectation of the Federal Reserve for a continuous holiday, the Shanghai and Wuxi stock markets fluctuated and fell during the week.

In terms of the spot market, the market trend this week was basically consistent with that of the Shanghai Tin Exchange, with the overall shock and downward trend, and the price picked up slightly on Friday. As the price continued to fall this week, the intra-field trading was more active, and there was a certain amount of purchase in the market during bargain hunting, and the intra-field trading was more active. On the supply side, the overall operating rate is relatively stable, and the import source continues to arrive in Hong Kong, and the overall supply of tin is loose. In terms of demand, the market expects that it will take time for the downstream market to fully recover. It will take about the end of February for small and medium-sized enterprises to reach the pre-holiday level. The market still has the expectation of demand recovery. At present, the terminal demand has not yet fully recovered, the domestic tin ingot inventory is still at a high level, and the downstream bargain-hunting and replenishment are mainly based on the purchase in demand. In general, the demand for loose supply is weak. In the future, it is expected that the tin market will remain stable and weak. It is necessary to focus on the recovery of downstream demand and the macro-level impact.

February 17, 2022 London Metal Exchange (LME) tin inventory 3105 tons (unit: tons)

The non-ferrous index stood at 1175 points on February 19, unchanged from yesterday, down 23.60% from the highest point of 1538 points in the cycle (2021-10-18), and up 93.57% from the lowest point of 607 points on November 24, 2015. (Note: the period refers to 2011-12-01 to now).

According to the price monitoring of the Business News Agency, there were three commodities in the non-ferrous sector in the list of commodity prices rising and falling in the 7th week of 2023 (2.13-2.17). The top three commodities were titanium concentrate (2.09%), copper (1.46%) and antimony (0.58%). A total of 19 commodities fell on a month-on-month basis, with dysprosium oxide (- 4.44%), dysprosium ferroalloy (- 4.25%) and praseodymium neodymium alloy (- 4.00%) among the top three products. This week’s average rise and fall was -1.44%.

1、 Price trend

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

2、 Market analysis

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

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

3、 Future prospects

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

1、 Price trend

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

2、 Market analysis

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

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

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

3、 Aftermarket forecast

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

Zinc price fell on February 16

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

Key points of zinc market

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

Aftermarket expectation

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

Recent price trend of sulfuric acid

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

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

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

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

The market fell slightly in the aftermarket

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

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

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

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

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

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

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

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

Cost side: o-benzene market is stable

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

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

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

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