Author Archives: lubon

Stable operation of chloroform (7.6-7.10)

1、 Price trend

 

Azodicarbonamide (AC foaming Agent)

According to the monitoring of the bulk data of the business agency, the market of chloroform in Shandong remained stable this week, and the average price of chloroform in Shandong remained at about 2000 yuan / ton, an overall increase of 2.56% over the same period of last month.

 

Production capacity and operation of the enterprise

Jinling, Shandong: 440000 tons / year, 70%

Dongying Jinmao 120000 tons / year parking

Luxi Chemical Industry: 400000 tons / year: 90%

Jiangsu Liwen 160000 tons / year normal

Jiangxi Liwen: 120000 tons / year: 70-80%

At present, the overall operation of chloroform enterprises in Shandong is stable, the market operating rate is not high, some enterprises are still mainly for their own use, and the downstream market demand is still insufficient. Due to the cost pressure, there is not much room for enterprises to reduce their prices. The market is in a dilemma between supply and demand. At present, the quotation of Shandong Province is about 2000 yuan / ton, that of Jiangxi Liwen is about 2300 yuan / ton, and that of Jiangsu Province is about 2650 yuan / ton.

 

In terms of upstream market, the market situation of methanol shows regional differences. In Northwest China, some units are shut down for maintenance, and some upstream factories are reluctant to sell. In addition, with the rise of methanol futures price, manufacturers actively push up the price. However, the market inventory is high, and there is no hope of destocking in the short term. The overall transaction atmosphere of the industry is general, at present, about 1657 yuan / ton. The rise and fall of liquid chlorine market are mutual and market demand Some enterprises have accumulated a certain amount of inventory. With the parking and maintenance of some enterprises, the pressure of enterprises’ inventory is relieved. At present, the average price is about 600-800 yuan / ton.

Potassium monopersulfate

 

On the other hand, the downstream R22 market of dichloromethane is good supported by the cost side, the R22 quota is insufficient, and the price remains high. Under the dominant position of the seller, R22 trend is strong, at present, about 15000-17000 yuan / T; pharmaceutical and agricultural diluents and other industries mainly purchase rigid demand, and support the chloroform market is flat.

 

According to the methane chloride data of the business society, the demand support of the downstream market of chloroform market is insufficient, the enterprises are limited by the pressure of production cost, and the price reduction space is limited. It is expected that the horizontal arrangement will be the main trend in the short term.

ferric sulfate (Poly ferric sulphate)

Copper supply is disturbed again, copper price rises more than 5% in a single day

1、 Trend analysis

 

Copper prices soared 5.2% to 53280 yuan / ton on Monday after rising continuously on Thursday, and rose more than 2500 yuan / ton in a single day, setting a two-year high. LME copper opened slightly higher today and then rose. The price of LME copper fluctuated after reaching 6633 US dollars. As of the end of Asian market, LME copper closed at US $6589, up 2.49%. Shanghai copper’s main force rose sharply to 53520 yuan after opening today, closing at 52880 yuan, up 4.71%.

 

povidone Iodine

Another copper mine in Chile

 

Chilean trade unions announced on Friday that workers from the zaldivar copper mine under Antofagasta voted to land, with 99% of its members rejecting the collective wage agreement and deciding to strike on July 15. Antofagasta said it would seek a government led settlement and, in combination with the copper business, hoped to reach an agreement through dialogue.

 

On July 13, centinela, another copper mine under Antofagasta, will also hold a worker’s vote. In 2019, the mine’s concentrate output will be about 196000 tons, and the refined copper production will be about 81000 tons. The total copper production will be 277000 tons, accounting for nearly 4.8% of Chile’s copper production. If the mine strikes, the border impact on Chile’s copper supply will be relatively large.

 

Under the same external environment, Peru and some other South American countries have taken strict isolation measures to control the epidemic situation. As a result, the output in the first half of the year shrank significantly. However, Chile’s mine control measures were not strict. Although the production increased steadily, there were still great hidden dangers. In recent weeks, with the spread of new coronavirus in Chile, thousands of miners were infected, Miners have tightened safety regulations, tightened shift patterns and suspended construction projects, adding to concerns about the yet to be seen impact on production.

 

Output of Chile copper mine may decrease by 100000 tons in the second half of the year

 

Changes in copper production in Chile

 

According to the data released by the national copper Council of Chile, Chile’s copper production increased by 3.4% to 2.37 million tons from January to May this year. Compared with the sharp decline in Peru’s output, Chile’s output has increased against the trend, which shows that the Chilean government has deliberately played down the epidemic control of mines in order to protect the economy. The consequence of belittling the virus is that not only has Chile’s domestic epidemic worsened recently, but also its miners’ infection rate has been rising.

 

With the continuous progress of the epidemic situation, the government has to take stronger isolation measures to control the epidemic, which will cause interference to production and projects under construction. In serious cases, production will be stopped. In the second half of the year, Chile’s copper mine production may shrink. The direct or indirect interference caused by the epidemic situation may exceed 100000 metal tons.

 

Copper stocks rose in the previous period

 

Copper inventory in the previous period

 

As shown in the above figure, recently, the inventory of copper in the previous period has rebounded slightly. As of July 10, the copper inventory of the previous period continued to rise to a one month high, and the weekly inventory increased by more than 20% to 137336 tons.

 

LME inventory hits a new low in four months

 

EDTA 2Na

LME copper inventory

 

As shown in the chart above, LME copper inventories have been falling in recent days. The London Metal Exchange (LME) released data on Friday to 181075 tons, which is about a four month low.

 

The operating rate of refined copper rod enterprises increased by 3.01% in June

 

In June, the operating rate of refined copper rod-making enterprises was 78.66%, with a month on month decrease of 1.70 percentage points and a year-on-year increase of 3.01 percentage points. Among them, the operating rate of large enterprises is 80.10%, that of medium-sized enterprises is 47.27%, and that of small enterprises is 12.00%. The operating rate in June still showed a small growth, mainly due to the continuous good power cable orders, and the operating rate of cable enterprises in June was still at a high level above 100.

 

However, in July, the backlog of orders in the early stage was basically completed, and the growth of new orders in the off-season effect was not as good as that in the earlier period. The high copper price also inhibited the demand for terminal procurement, and enterprises felt more obvious about the weakening of orders. In addition, many enterprises mentioned that the impact of scrap copper rod on the order of refined copper rod is obvious, especially in some refined copper rod factories in North China, and even the inventory of finished products is overstocked. Affected by the weakening of orders, copper rod processing costs also fell.

 

In view of the above situation, the copper analysts of the nonferrous metals branch of the business association believe that: the current demand for copper downstream is fair, and the hidden inventory is not much, so the possibility of large accumulation of future stocks is small. Moreover, the current situation of Chile’s epidemic situation is still grim, there is uncertainty in the future copper supply, and it will take some time for the complete liberalization of scrap copper import. Therefore, the supply side is still tight. In addition, the Federal Reserve has adopted extremely loose monetary policy, so it is expected that copper prices will remain high.

EDTA

In the year, the price of aluminum exceeded 15000 yuan / ton for the first time

On July 13, the average price of domestic aluminum ingot Market was 15343.33 yuan / ton, and the spot aluminum price exceeded 15000 yuan / ton for the first time in the year.

 

Melamine

According to the data of business agency, the average price of domestic aluminum ingot Market on July 13 was 15343.33 yuan / ton, an increase of 6.72% compared with the average market price of 14376.67 yuan / ton at the beginning of the month (July 1), 5.43% higher than the valley value of average market price at the beginning of the year (January 1), 11230 yuan / ton (March 24), an increase of 36.55%.

 

Rising logic support

 

1. The social low inventory pattern is formed

 

From the current high level of 1.67 million tons to less than 800 thousand tons, the basic inventory of aluminum ingots in China has decreased significantly.

 

2. Expected improvement of downstream demand

 

The auto market and real estate market continued to pick up. In June, the production and sales of automobiles reached 2.235 million and 2.3 million respectively, up 6.3% and 4.8% on a month on month basis, and increased by 22.5% and 11.6% year on year, respectively. The production and sales both reached a new record in June. In terms of real estate, the market turnover in June recovered strongly, with a year-on-year growth rate of 6.2%.

 

Chitosan oligosaccharide

With the continuous progress of new infrastructure, the new demand for aluminum is expected to be strong. New infrastructure construction, such as 5g base station construction, UHV, intercity high-speed railway and urban rail transit, new energy vehicle charging pile, big data center, artificial intelligence, industrial Internet and other fields are developing strongly, and the new demand for aluminum is expected.

 

3. Monetary easing policy

 

With frequent monetary easing policies in various countries, central banks of various countries have “opened sluice gates to release water”, the liquidity of capital market is relatively released, and the attribute of non-ferrous plate is strong. In addition, the recent price is relatively low, and the capital market is highly concerned.

 

Future expectations

 

The impact of money making effect, by buying up not buying down market expectations, the collective outbreak of nonferrous plate, the rate will last for a period of time. It is expected that in the near future, the main trend is to maintain a firm and good operation, and the aluminum price is likely to stand at the 15000 line.

Sodium Molybdate

Vietnam’s natural rubber export increased 47% in June

According to foreign media reports, Vietnam exported 110000 tons of natural rubber in June, a year-on-year decrease of 9.8% and a month on month increase of 46.9%; the export volume was US $130 million, a year-on-year decrease of 25% and a month on month increase of 44.5%.

 

Benzalkonium chloride

In addition, the average export price of Vietnam’s natural rubber fell by 16.9% to 1182 US dollars per ton in June, resulting in an average export price of 2.9% in the first half of the year to 1330 US dollars per ton.

 

According to the data released by the General Administration of Customs of Vietnam, rubber exports have fallen sharply in the past five months compared with the same period last year. Meanwhile, the price of domestic latex in Vietnam was still at a low level in June, and it was expected to continue to show a downward trend.

 

Previously, ANRPC, the association of natural rubber producers, said that the global demand for natural rubber would be on a downward trend this year, with the new crown outbreak causing disruption in the natural rubber supply chain, affecting about 12.84 million tons of consumption. At present, the demand of natural rubber in China, the United States and the European Union is still very low. The drop of oil price will also exert pressure on the price of natural rubber, and the price of natural rubber will continue to fall in a short time.

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Downstream market continues to be depressed, cocoon and silk prices continue to bear pressure in July

According to the price monitoring of the business agency, since May, the price of domestic cocoon and silk market has rebounded under the support of domestic sales orders and cocoon cost. However, the pressure on the industry fundamentals has increased in the middle and late June. In addition, with the arrival of the off-season, both domestic and foreign markets are suffering from the pressure of demand, and the price begins to fall. In July, the cocoon market continued to be weak. As of July 10, the domestic market average price was 89500 yuan / ton, down 5.79% from the beginning of the month.

 

Potassium monopersulfate

The raw silk market price also fluctuated downward. As of July 10, the average market price was 271000 yuan / ton, down 7.03% from the beginning of the month. At present, the price of dried cocoon is 90000 yuan / ton in Jiaxing of Zhejiang Province, 260000 yuan / ton of raw silk, 89000 yuan / ton of dried cocoon and 277000 yuan / ton of raw silk in Guangxi. International market, India as of July 8, hybrid cocoon 135-263 rupees / kg, secondary cocoons 400-450 rupees / kg, poly cocoons 300-325 rupees / kg, Erhua silk 2650-3300 rupees / kg. (1 rupee = 0.0936 RMB)

 

At the beginning of July, the fifth batch of cocoons continued to appear on the market in Yizhou and other places in Hechi region of Guangxi. Most sericulture farmers chose to start cutting mulberry gardens in summer after the end of this batch. In some cocoon stations in Qingyuan Town, Yizhou, the price of cocoon on silk reeling is generally about 27-28 yuan, and the purchase price of double cocoon for making shuanggongmian is about 27 yuan per kilogram. Yizhou Tongde piece’s fifth batch of cocoon listing is coming to an end, and the purchase price is generally around 22-28 yuan per kilogram, which reflects the general price. For the fifth batch of cocoons listed on the market in Desheng, Yizhou, some cocoon stations strictly received cocoon quality, which reflected that the quantity on the market was small, and the quality of fresh cocoons received was generally good, and the purchase price was about 27.4 yuan per kilogram. Some cocoon stations received fresh cocoon quality gap is large, the price is about 22-28 yuan per kilogram. The fifth batch of cocoons of Yizhou Fulong tablets are gradually on the market, and the price is generally around 24-27 yuan per kilogram. Similarly, in Huanjiang County, the purchase price of reeling fresh cocoons is generally around 22-28 yuan per kilogram.

 

The second spring cocoon in Gaoxian County, Yibin City, Sichuan Province is on the market with good quality and high yield per unit area. The average yield of cocoon is more than 45 kg. If the 2 yuan prize is added, the price is generally above 37 yuan per kilogram and the highest is 41 yuan. The major cocoon stations in Yangcheng County of Shanxi Province have successively opened scales to purchase fresh cocoons. This year, there are more than 6000 spring silkworm varieties. It is estimated that more than 250000 kilograms of cocoons will be produced, and the unit price of spring cocoons is about 40 yuan / kg. The first batch of summer cocoons in Songxian County of Henan Province has also been purchased.

 

Azodicarbonamide (AC foaming Agent)

Entering the midsummer, the main production area will cut mulberry garden in summer, and the cocoon listing will be suspended. At this stage, it is in the traditional off-season of textile industry, the downstream demand is obviously weaker than that in June, and the market trading atmosphere is not good. The overall market of domestic market is weak, and export orders have not recovered well. The demand for orders and small batch proofing orders are maintained. There is pressure on capital return, and now we still mainly buy as you use them. In the off-season, the industry chain has been cast a shadow again. Weaving enterprises generally reflect that the shipment is slow and the inventory has an increasing trend.

 

Domestic silk import and export data show that from January to may, the total import and export volume of China’s real silk goods was 559 million US dollars, a year-on-year decrease of 29.81%, accounting for 0.52% of China’s total import and export of textiles and clothing. The export volume of real silk goods was 484 million US dollars, a year-on-year decrease of 30.52%, accounting for 0.49% of China’s textile and clothing exports. From January to may, the import volume of real silk goods was US $75.326 million, a year-on-year decrease of 24.84%, accounting for 0.82% of the import value of textiles and clothing.

 

Business agency analysts believe that the continued downturn in the downstream market has become the biggest upward pressure on cocoon silk prices. At present, there is no good news release in domestic and foreign markets. Due to the superimposed influence of public health events and the arrival of traditional off-season, it is difficult to get goods in the spot market of raw silk, and the transaction power is obviously insufficient. The actual transaction price can be negotiated. In the current off-season of domestic sales and sluggish export, businesses purchase on demand, market demand is weak, product inventory continues to increase, the overall wait-and-see dominant, the fundamentals are flat, and there is no rebound signal. Overall, it is expected that cocoon silk prices will continue to maintain a downward trend of shock.

ferric sulfate (Poly ferric sulphate)

In July, the price of phosphate ore was stable , and it was in consolidation operation

1、 Price trend

 

EDTA

According to the data monitoring of the business agency, as of July 9, the market reference average price of 30% grade phosphate ore was 380 yuan / ton, which was 6 yuan / ton lower than the price on the first day of the month, down 1.72%. Compared with the price at the beginning of June, the average price was reduced by 13 yuan / ton, down 3.39%.

 

In July, the overall light and stable operation of phosphate ore market in some areas was difficult to offset the cold shipment, and the quotation was slightly reduced

 

In the first week of July, there was no fluctuation in the overall market of phosphate ore, which still maintained a light and stable operation. At present, the terminal market demand is poor and the performance is weak. The phosphorus ore market is cold and there are few new orders. This week, some mining enterprises in Guizhou can hardly withstand the pressure of cold shipment. In order to stimulate the market, the quotation has been slightly reduced, with an adjustment range of 10-20 yuan / ton. The market situation in other regions is mainly stable. By the end of the 9th, Guizhou: the phosphate ore market was stable and the market was moving slightly. Some mining enterprises lowered the price of phosphate ore to 280 yuan / ton at the low end of 30% phosphate rock, and the reference quotation of 30% grade phosphate ore for main truck plate was around 300-330 yuan / ton. Hubei Province: the market of phosphate ore is running smoothly. The main ex factory quotation of 28% phosphate rock is around 360-370 yuan / ton, and that of 30% phosphate rock is around 400 yuan / ton. The price of 28% grade phosphate rock in Liushugou of Hubei Province is 370 yuan / ton, and the latest quotation of Yichang ship plate of 28% phosphate rock in Hubei Xingfa is 370 yuan / ton. Yunnan: the market of phosphate ore is stable for the time being. The quotation of 28% grade phosphate ore is around 275 yuan / T.

 

According to national data, China’s phosphate ore output (equivalent to 30% P2O5) was 8.098 million tons in May, an increase of 525000 tons compared with the output in April (7.573 million tons). At present, the total output of phosphate rock this year is 27.402 million tons, which is – 14.3% lower than that of the same period last year (29.229 million tons).

 

EDTA 2Na

According to the information of China’s phosphate ore production in 2020:

 

Indicators: May 2020 April 2020 March 2020 February 2020

The current output value of phosphate rock (converted into 30% P2O5) is 809.8 757.3 545.4—

The cumulative output value of phosphate rock (converted into 30% P2O5) is 2740.2 1932.8 1337.0-723.7

The output of phosphate rock (converted into 30% P2O5) increased by 8.57.6 – 30.3 year on year–

The cumulative production growth (%) of phosphate rock (containing 30% P2O5) was – 14.3 – 20.9 – 29.1 – 30.9

On the downstream side, at present, the spot supply of yellow phosphorus Market in Yunnan is tight, and the transaction price of new orders of some enterprises in the field has increased slightly. The current net phosphorus ex factory acceptance transaction in Yunnan refers to 14000-14200 yuan / ton. The phosphoric acid market maintained stable consolidation, increased supply, the general situation of enterprises’ delivery, and the domestic demand market showed weak performance.

 

The phosphorus ore analysts of the business society believe that in recent years, the phosphate ore market has always been weak, the downstream stock enthusiasm is not high, the yellow phosphorus market has slightly improved in recent days, the enterprise’s price intention is strong, whether the future market can bring some good support to the phosphate ore market remains to be seen. In view of the current market environment, the short-term phosphate rock market is dominated by narrow range consolidation operation, and it is still possible for some enterprises to adjust the phosphate ore quotation in order to stimulate the shock of shipment.

povidone Iodine

Glycol price dilemma under high inventory (7.6-7.10)

1、 Price trend

 

According to business agency data, on July 10, the average ex factory price of oil to ethylene glycol in North China was 3617 yuan / ton, which was the same as last week.

 

Benzalkonium chloride

On July 9, the market price of ethylene glycol in East China was 3460 yuan / ton, down 35 yuan / ton or 1.00% compared with the same period last week.

 

2、 Analysis of influencing factors

 

As of July 9, the total ethylene glycol inventory in the main ports of East China was 1422100 tons, an increase of 71700 tons, or 5.31%, compared with last Thursday, and 62500 tons, or 4.60%, compared with Monday. Inventory continued to rise.

 

In terms of shipment, this week, the average daily delivery of Zhangjiagang main port was about 6800 tons, and that of Taicang two warehouses was about 6900 tons, which was lower than that of last week.

 

At present, the operating rate of ethylene glycol is about 51%, and that of polyester is about 86%, which is the same as last week.

 

ferric sulfate (Poly ferric sulphate)

In terms of units, the overhaul of the ethylene glycol unit with an annual output of 420000 tons in Tianjin has been completed, and it has entered the preparation stage for restart recently. It is expected that the ethylene glycol link will start discharging next week; the ethylene glycol unit with an annual output of 300000 tons of Tongliao Jinmei Chemical Industry Co., Ltd. has recently entered maintenance, with an estimated time of one month.

 

In terms of futures, due to the low terminal demand, the rise of polyester inventory, coupled with the decline of crude oil and the lack of support at the cost side, the recent ethylene glycol futures are weak and volatile.

 

3、 Analysis and prediction

 

Although domestic ethylene glycol manufacturers shut down their plants one after another in the face of increasing losses, due to the continuous arrival of overseas supplies, the supply is abundant. Although the storage capacity is close to saturation, but the news of existing leased storage tanks is coming out, it is obvious that the subsequent inventory is likely to continue to rise. The downstream polyester entered the off-season, and the inventory pressure was large, resulting in the demand for ethylene glycol continued to weaken on the basis of the previous stage. It can be seen that the recent ethylene glycol price is difficult to have sustained upward momentum.

Sodium Molybdate

The price of lithium carbonate is up and down mutually, and the market continues to wait and see

According to the business agency data monitoring: this week, lithium carbonate prices as a whole showed up and down. However, there is still no clear signal of warming up in demand. On July 10, the average price of industrial grade lithium carbonate in East China was 39300 yuan / ton, down 0.35% compared with the beginning of the week and 1.5% compared with June 10; the average price of battery grade lithium carbonate in East China on July 10 was 44700 yuan / ton, up 1.13% compared with the beginning of the week and 0.9% higher than that on June 10. On the 10th, the mainstream quotation of industrial grade lithium carbonate market was around 35500-45000 yuan / ton, and that of battery grade lithium carbonate was around 40500-48000 yuan / ton.

 

Melamine

This week, the downstream demand of the market slightly recovered, and the market inquiry increased. Although some enterprises slightly increased the price of industrial carbon, the overall price was still slightly downward. Based on the demand of downstream terminal cost reduction, some lithium carbonate purification and processing enterprises resumed production in June, and the demand for industrial carbon procurement increased. Therefore, some enterprises also reduced the price of industrial carbon to promote the shipment of products Increase to reduce inventory. However, in the long run, the price of battery grade lithium carbonate may rise slightly due to better shipment. However, in the long run, the bottom of the price has already appeared, the demand for battery grade lithium carbonate is limited, and the demand of purification enterprises is increasing, and the market supply pressure is still under pressure.

 

At present, lithium iron phosphate market recovery is obvious, large factories release new production capacity or further stimulate industrial carbon demand. At present, the terminal vehicle enterprises still have strict cost reduction plans. The middle reaches material factories are gradually cost-oriented in purchasing raw materials, and more lithium iron phosphate enterprises begin to actively match Salt Lake industrial carbon. However, the demand for ternary materials recovered slowly, and the purchasing power of material factories was limited. Although the production schedule of leading battery enterprises increased significantly in July, the demand support of ternary material market for battery grade lithium carbonate was still limited.

 

According to the price monitoring of business agency, on July 9, 2020, there were 12 kinds of commodities in the list of commodity price rise and fall on July 9, 2020, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities were crude benzene (7.88%), light soda ash (1.33%) and acetic anhydride (1.28%). There were 13 kinds of commodities that declined on a month on month basis, and the top three products were bisphenol A (- 4.88%), ethylene (- 2.33%) and phenol (- 2.28%).

 

Lithium carbonate analysts in the business club believe that there is still a high correlation between the prices of industrial grade lithium carbonate and battery grade lithium carbonate, and the industry needs a certain amount of time to digest inventory. It is expected that the market price of lithium carbonate will continue to wait and see in the short term.

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Strong performance of light rare earth market in early July

Since July, the domestic market price of light rare earth has been rising continuously. The price of praseodymium neodymium oxide and praseodymium neodymium alloy has continued to rise, and the market performance of light rare earth is strong. According to the rare earth plate index of business society, the rare earth index on July 10 was 341 points, unchanged with yesterday, 65.90% lower than 1000 points (2011-12-06), and 25.83% higher than 271 points, the lowest point on September 13, 2015. (Note: period refers to 2011-12-01 to now).

 

ferric sulfate (Poly ferric sulphate)

As of July 10, the price of praseodymium and neodymium oxide in domestic rare earth was 293000 yuan / ton, with an increase of 0.34% in July; the price of praseodymium and neodymium alloy was 369000 yuan / ton, with an increase of 0.27% in July. Neodymium oxide, neodymium metal, etc. have increased to varying degrees, but the prices of praseodymium oxide and praseodymium metal have fallen.

 

In recent years, the domestic rare earth industry demand has improved, with obvious bullish mentality of the domestic rare earth industry, and the merchants are reluctant to sell, so the market sentiment is strong. In addition, with the economic recovery in Europe and the United States, the demand of permanent magnet manufacturers for stock increases, and the prices of praseodymium and neodymium rare earth continue to rise, and the market price of light rare earth is still at a low level. In 2020, China’s first batch of rare earth mining, smelting and separation total control indicators are 66600 tons and 63500 tons, respectively, 6000 tons more than that in 2019. The first batch of data in 2020 slightly increased compared with the same batch in 2019, but still lower than the same batch of indicators in 2018. This is in line with the industry insiders have been calling for increasing the supply of resources, domestic light rare earth market prices rose slightly.

 

In the domestic rare earth collection and storage plan, the proportion of medium and heavy rare earth in the annual output is relatively large, which is expected to have a great impact on the supply and demand and price of medium and heavy rare earth. Considering that Myanmar’s customs clearance still has a tightening impact on the domestic import and supply of medium and heavy rare earth, once the collection and storage plan is implemented as scheduled, it will have a great impact on the supply and demand tightening and price rise of heavy rare earth such as dysprosium and terbium. However, in recent years, the floor trading has declined, heavy rare earth prices have slightly reversed, and the terbium series prices have risen to a high level, and the pressure of continuous rise is great; in addition, with the resumption of construction and production, the terminal new energy vehicle market is picking up, and the heavy rare earth market price is mainly fluctuating, so there is still a possibility of a small adjustment.

 

Azodicarbonamide (AC foaming Agent)

The Ministry of industry and information technology issued the notice on the docking and implementation of preferential policies for rare earth industry. According to the notice, the rare earth office entrusted China Nonferrous Metals Industry Association and China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the application of rare earth enterprises, and formed a collection of supporting policies for the resumption of work and production of rare earth industry. The favorable policies support the development of rare earth industry. At the same time, Sino US relations are somewhat loose. The key products of rare earth trade between China and the United States are of great significance. The national policy is conducive to the balance of supply and demand of rare earth industry. Recently, the supply of rare earth market is normal, the demand is improving, and the market price of light rare earth is rising.

 

Recently, domestic demand for rare earth has increased, but the market price of heavy rare earth has dropped slightly. Analysts from business agency expect that the market price of rare earth will remain mainly volatile in the near future.

povidone Iodine

Supply risk superimposed on low inventory, copper price rebounded nearly 40%

1、 Trend analysis

 

EDTA

Since the beginning of the year, the copper price fell to the lowest point of 36560 yuan / ton on March 23 this year, and then continued to rebound. As of July 9, it rebounded by nearly 40 points. The current copper price is 50620 yuan / ton, up 1.51% compared with the previous trading day, 3.24% higher than the beginning of the year, and 9.46% higher than the same period of the same year. On July 9, LME copper rose 1.40% to $6323 at the end of the Asian market. Shanghai copper’s main force rose after the opening, closing at 50700 yuan, up 1.81%.

 

2、 Market analysis

 

Increased supply risk

 

Chile’s recent outbreak of the epidemic, Chile’s mining Minister stressed that miners’ health is better than copper production overnight. Chile’s National Association of mining workers said that workers in large copper enterprises had more than 3500 confirmed cases, and the trade union called for production suspension. The Chilean copper trade union is considering seeking a two-week industry wide shutdown. The chairman of the Federation of trade unions of Antofagasta mining company said that seven trade unions representing about 80% of the workers and contractors of Chile’s copper mines were discussing whether to formally request the government to stop all Chilean copper mines for 14 days. If the resolution of the copper trade union to stop production of all copper mines for 14 days is finally passed, the production will be affected by more than 200000 tons, which will have a great influence on the market.

 

Melamine

However, at present, the government has only replaced workers in two shifts to meet the needs of trade unions without affecting copper production. Moreover, Chile’s mines are mostly located in the northern desert, far from the densely populated center. The political situation in Chile also makes the Chilean government more likely to maintain mine production as much as possible. China mainly imports copper concentrates from Chile and Peru. At present, the impact of the epidemic situation in Peru, the largest importing country, has been improving, but the logistics problem is still prominent. Other import places, such as Africa, have little impact at present.

 

Recently, the supply risk of Chile’s mines is relatively high. China’s copper concentrate dependence on foreign countries is around 80%, and 50% of the 80% comes from South America. The supply speculation promotes the copper market to continue to rise.

 

Copper inventory reduction

 

Copper stocks are also shrinking. Domestic copper inventory fell 70% from the year’s high and 19% year-on-year. Favorable ore end, superimposed reserve expectations, good fundamentals, so that copper prices close to the high year ago.

 

Orders of processing enterprises are not optimistic

 

Among the more than 40 copper processing enterprises in East China and North China, most of the feedback orders are not optimistic and dare not keep bullish on the copper price. Some enterprises even said that they had no orders in May and had already rested in June. Only a few copper alloy enterprises had relatively good orders. In the case that domestic refined copper output continues to increase instead of falling, the demand side orders can not be effectively alleviated. Even if the spot copper price rises with the lead time, the shipholders will also significantly discount the shipment, and the situation of price with price but without market will be prolonged.

 

3、 Future prospects

 

In view of the above situation, the copper analysts of the nonferrous metals branch of the business association believe that: the macro expectations for good and the supply side tightening expectations resonate, and the copper prices remain relatively strong in the short term, but be wary of the off-season risks of domestic demand.

EDTA 2Na