According to the commodity analysis system of Shengyi Society, starting from February 21st, the hydrogen peroxide market has improved and prices have risen. On February 21st, the average market price of hydrogen peroxide was 683 yuan/ton. On February 27th, the average market price of hydrogen peroxide will be 723 yuan/ton, with a price increase of 5.85%.

Liduo supports the rise of hydrogen peroxide

At the end of February, the terminal demand in the printing and papermaking industry increased, and hydrogen peroxide manufacturers had a strong mentality of raising prices. They raised the ex factory price of hydrogen peroxide one after another, and the hydrogen peroxide market ushered in an upward trend. The average market price rose to 700-800 yuan/ton, with a price increase of 50-100 yuan/ton. The market transactions are still acceptable, the goods are moving normally, and the actual transactions have increased.

The hydrogen peroxide analyst from Shengyi Society believes that after March, the demand for terminal printing and papermaking industry will recover, and the supply of hydrogen peroxide will become tighter, with room for further growth in the future market.

According to the Commodity Market Analysis System of Shengyi Society, in February, the domestic adipic acid market experienced a decline after a rise, and the overall price increased. On February 1st, the average price of adipic acid in the domestic market was 8400 yuan/ton. On February 26th, the average price of adipic acid in the domestic market was 8433 yuan/ton, with a price increase of 0.4%.

Long Short Game: February Adipic Acid Market with Mixed Prices

At the beginning of the month, the prices of pure benzene and cyclohexanone, raw materials for adipic acid, rose, supported by the stocking situation in the terminal plastic industry. The prices of adipic acid manufacturers increased, and the domestic adipic acid market transactions improved, leading to a warming of the market. The average market price rose to 8500-8700 yuan/ton, with an overall increase of 200 yuan/ton.

In the middle of the month, the prices of pure benzene and cyclohexanone as raw materials for adipic acid remained strong, and the demand in the terminal industry recovered. The prices of adipic acid manufacturers rose, and the market improved. The average market price rose to 8500-8700 yuan/ton, with an overall increase of 50-100 yuan/ton.

At the end of the month, the prices of pure benzene and cyclohexanone, raw materials for adipic acid, fell, dragging down the raw material market, and the demand for terminal market was average. Adipic acid has an oversupply and the market is gradually declining. The average market price has fallen to around 8400 yuan/ton, with a price drop of 50-100 yuan/ton.

An analyst from Shengyi Society believes that starting from March, with average terminal demand and limited boost in raw material prices, the domestic adipic acid market will continue to weaken.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda on February 25th was 1545 yuan/ton. On February 24th, the Business Society Baking Soda Index was 102.58, a decrease of 0.14 points from yesterday, a decrease of 56.50% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 16.21% from the lowest point of 88.27 points on December 22, 2020. (Note: Cycle refers to September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the price of baking soda is running steadily, and the company’s shipments are still acceptable. The price of baking soda in Henan region is operating steadily, with a factory price of 1400-1550 yuan/ton in Henan region and 1500-1750 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has been consolidating this week. The current market average price is 1420 yuan/ton, and downstream customers tend to purchase according to their needs.

Business Society analysts believe that the price of baking soda has been consolidating recently, with a general trend in the upstream raw material soda ash market. The downstream supply of baking soda in pharmaceuticals, textiles, food, and other fields will still be relatively sufficient after the year. Downstream buyers have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash has slightly decreased this week. As of February 21, the average market price of soda ash was 1420 yuan/ton, a decrease of 0.28% compared to the soda ash price of 1424 yuan/ton on February 15, and a decrease of 4.95% compared to the beginning of the month.

2、 Market analysis

This week, the soda ash market has experienced a narrow downward trend. The on-site equipment is running smoothly, and the capacity utilization rate has increased compared to last week. The inventory of soda ash is rising synchronously, and the downstream market fluctuates narrowly, resulting in insufficient demand for soda ash. In some areas, soda ash companies have poor shipments, and the focus of transactions has shifted downwards. The on-site supply is weak, and the overall market is running weakly.

As of February 21st, the reference price for the soda ash market in East China is around 1320-1500 yuan/ton for light soda ash, and the price remains stable; The reference price for the soda ash market in Central China is around 1300-1420 yuan/ton for light soda ash, and the price remains stable.

According to the commodity analysis system of Shengyi Society, the downstream glass market first fell and then rose. From February 15th to 21st, glass prices fell from 16.45 yuan/square meter to 16.30 yuan/square meter, a decrease of 0.91%. The downstream glass market has seen an increase in production and inventory levels, with downstream demand following suit as needed. The trading atmosphere in the market is average, and glass prices are weakly consolidating.

Future forecast: Currently, the operating rate of domestic soda ash continues to be high, the market inventory is sufficient, the sales pressure of spot alkali plants still exists, the downstream market is weak, market trading is limited, and the mentality of operators is deadlocked. It is expected that soda ash will continue to operate weakly and steadily in the short term, and specific attention will be paid to downstream demand follow-up.

According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has experienced a wide decline this week. As of February 20th, the average market price in East China was 12850 yuan/ton, and on February 17th, the average price was 14400 yuan/ton. It fell 10.76% within the week and 25.72% year-on-year.

This week, the TDI market fell from a high level and experienced a broad decline. There have been frequent price adjustments in factories during the week, with the latest TDI execution price of 13550 yuan/ton for a large factory in Shanghai, a decrease of 400 yuan/ton compared to the previous period. The willingness of intermediaries to sell goods has increased, and the focus of transactions continues to decline. The market atmosphere is quiet, with a buy up not buy down atmosphere, there are many inquiries and limited transactions.

Supply side: The TDI unit of Xinjiang Juli is temporarily shut down, while other units are maintaining medium to high load operation, and the market supply is filling up quickly.

Cost aspect: Upstream toluene has been operating steadily recently, with overall trading being relatively quiet and consolidating sideways.

According to the analysis of the future market, the TDI data analyst from Shengyi Society believes that the current TDI price has fallen to a low level, and downstream purchasing intentions have increased. If demand significantly rebounds, it is expected that the TDI market will stop falling and stabilize in the short term.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market has been weak since February 10th, with a slight downward adjustment. On February 10th, the average market price of hydrogen peroxide was 686 yuan/ton. On February 17th, the average market price of hydrogen peroxide will be 683 yuan/ton, a decrease of 0.49% in price.

Supply and demand are weak, and hydrogen peroxide continues to operate weakly

In mid February, some manufacturers’ hydrogen peroxide devices were still shut down for maintenance, resulting in a decrease in the supply of hydrogen peroxide. The terminal printing and papermaking industry has average terminal demand, with sluggish supply and demand. The hydrogen peroxide market continues to weaken, with slight price adjustments.

The hydrogen peroxide analyst from Shengyi Society believes that the demand for hydrogen peroxide terminals is weak, and the supply is gradually recovering. The future hydrogen peroxide market will continue to weaken, with weak upward momentum.

The domestic fluorite price trend has slightly increased this week, with an average price of 3628.75 yuan/ton as of the weekend, an increase of 0.35% from the early week price of 3616.25 yuan/ton, and a year-on-year increase of 8.52%.

Supply side: Mining operations are restricted and fluorite supply has not been restored

The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the inventory of fluorite enterprises is low. There are many manufacturers on holiday during the Spring Festival, and it has not yet recovered. The fluorite supply is tight, and the fluorite market has slightly risen this week.

Demand side: Stable price of hydrofluoric acid, rising refrigerant market

This week, the price of hydrofluoric acid remained stable, and the mainstream price for hydrofluoric acid in various regions of China has recently been negotiated at 10800-11300 yuan/ton. The downstream hydrofluoric acid units are still shut down, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and the overall production of hydrofluoric acid remains at more than 50%. Fluorine enterprises maintain essential orders and mainly consume inventory. The price increase of fluorite is limited due to this news.

The downstream refrigerant market is on the rise, coupled with the strengthening of terminal policies in the refrigerant industry, demand is expected to achieve substantial improvement. Fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. Currently, the main trend in the foreign trade market is price increases, and upstream products are mainly purchased on demand. The trend of refrigerant market is rising, which has led to a slight increase in domestic fluorite market prices.

In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF、 Graphite negative electrodes, photovoltaic panels, etc., have received certain support in the application of fluorite due to the demand for new energy and semiconductors.

Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production for safety inspections. The tight supply of fluorite mines is a major positive support for the fluorite market. In addition, the downstream refrigerant market is expected to rise, and terminal demand is expected to increase. Overall, the domestic fluorite market price has an upward trend.