Monthly Archives: December 2020

Demand supports acetic acid market price to break through 5000 yuan mark

According to the monitoring of bulk data of business agency, affected by the shortage of market supply, the domestic acetic acid market rose sharply, with an increase of more than 500 yuan / ton in three days. As of December 9, 4300-4450 yuan / ton in Shandong, 5200-5300 yuan / ton in Jiangsu, 5300-5400 yuan / ton in Zhejiang, 4600-4750 yuan / ton in Henan, 4450-4500 yuan / ton in Hebei and 4200-4350 yuan / ton in Northwest China In South China, 5300-5400 yuan / ton, an overall increase of 28.77% compared with the beginning of the month.

 

povidone Iodine

Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.1500

Hualu Hengsheng 50.1500

Yangzi BP 50 12.2 stop

Jiangsu Sopu 120 3300

Celanese 120.3000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35.1000

Henan Shunda 40.1400

Henan Longyu 50.1500

Henan Yima 25 parking

Shaanxi Yanchang 40.1300

Shanghai Huayi 70.1800

Anhui Huayi 50.1300

Dalian Hengli 35.1300

At present, the domestic acetic acid market continues to be strong and has reached the highest price in the year. The East China region has broken through the 5000 yuan / T barrier. Nanjing Yangzi bp500000 tons / year load was placed on December 2 for maintenance. The overall supply of the market continued to be tense. It is difficult to fill the supply gap in a short period of time. The manufacturers are mostly on contract, and the spot is hard to find. In addition, the overall inventory of the industry is low, so the enterprises are willing to support the price Strong, bullish attitude, traders hoard goods to sell.

 

On the other hand, with the effective promotion of the epidemic prevention and control measures, the downstream market of acetic acid gradually returned to normal, and the demand support was good. Among them, PTA, vinyl acetate, chloroacetic acid and some acetate industries started to operate at a high level, especially after the PTA Market production expanded, more than 90% of the projects were started recently, and the strong domestic demand stimulated the acetic acid market to continue to climb; the export-oriented market began to return after a short-term good As usual, the overall export in 2020 is expected to be lower than that in previous years.

 

The methanol market is high and volatile, and the overall transaction volume is light. The release of enterprise equipment maintenance news has a certain positive support for the market. The future market should pay attention to the impact of gas restriction on the supply side. At present, Shandong Province is about 2110 yuan / ton.

 

Recently, affected by the sharp rise of acetic acid price in Asia, the overall performance of the international acetic acid market is strong. At present, the Asian acetic acid market is about 490-540 USD / T; the European market is about 560 EUR / T; and the North American market is about 490 USD / T.

 

However, the domestic acetic acid manufacturers are not expected to continue the short-term supply situation of acetic acid manufacturers, and the domestic market is hard to continue 。

Melamine

Stable demand and rising market price of salicylic acid

1、 Price trend

 

Benzalkonium chloride

According to the price monitoring of the business association, on December 9, the average price of salicylic acid (industrial grade) mainstream manufacturers was 13933.33 yuan / ton, up 0.72% compared with the beginning of the month, 3.21% higher than the beginning of the month, and 9.13% lower than that at the beginning of the year.

 

2、 Market analysis

 

In the first ten days of December, the salicylic acid market continued to improve, and the enterprises kept rising steadily, but the increase was not large. At present, the downstream demand is stable, manufacturers start high, export and domestic trade orders increase, and enterprise inventory is not under pressure. After adjustment, the trend of salicylic acid is relatively stable in the short term. As of December 9, the quotations of salicylic acid industrial enterprises are mostly in the range of 12000-15000 yuan / ton, the quotations of pharmaceutical grade are mostly in the range of 23000-25500 yuan / ton, and the quotations of sublimation level are mostly in the range of 15000-20000 yuan / ton. The actual transaction is mainly through negotiation, and the quantity is preferred.

 

For raw material phenol, at present, the downstream buyer is not good, the delivery is cautious, the pressure of shippers is increasing, the profit-making shippers’ low intention is increasing, and the market negotiation focus gradually moves down under the condition of poor trading. On December 9, the phenol Market in East China was relatively calm, with an offer of 6700-6800 yuan / T. the carrier’s offer was lower, the market atmosphere was not good, the downstream inquiry was less, and the enthusiasm of entering the market was positive Not high. At present, the transaction has not been heard, and the actual order needs to be improved.

 

3、 Future forecast

 

Salicylic acid analysts of the business agency believe that: at present, the downstream demand is stable, manufacturers start high, export and domestic trade orders are increasing, and enterprise inventory is not under pressure. After the adjustment, we will wait and see the market reaction, and it is expected that the trend of salicylic acid will be relatively stable in the short term.

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Supported by crude oil, China’s domestic toluene price rose significantly this week (November 30 – December 6)

1、 Price trend

 

Azodicarbonamide (AC foaming Agent)

According to the data of the business club’s bulk list, the domestic market price of toluene rose this week, with the price of toluene at 3580 yuan / ton on November 29 and 3722 yuan / ton on Sunday (December 6), up 142 yuan / ton or 3.97% compared with last week.

 

2、 Analysis and comment

 

This week, the domestic toluene market is mainly supported by crude oil, showing a broad upward trend. The listed price of toluene in Sinopec’s North China, South China and East China increased by 150 yuan / ton, and the listing price of enterprises in Central China increased by 300 yuan / ton. Port inventory slightly decreased, but still at a high level, the pressure to the warehouse does not reduce. Market oversupply, downstream blending oil and solvent demand is general.

 

In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. The new crown vaccine has made new progress, and OPEC + has reached a decision to gradually increase crude oil production, bringing benefits. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.

 

Downstream: in terms of TDI, the price continued to decline this week, with cautious market mentality and weak trading atmosphere. The implementation of domestic goods was 12700 yuan / ton, down 100 yuan / ton compared with last week. It is expected that the short-term TDI market will continue to be weak.

 

In terms of PX market, Sinopec’s listed price this week was about 4300 yuan / ton, which was stable compared with last week.

 

3、 Future forecast

 

According to toluene analyst of chemical branch of business agency: first look at the supply cost side, OPEC + production reduction implementation, total number of us oil drilling and weekly EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the geopolitical situation in the Middle East and China and the United States, the progress in the research and development of new coronal vaccine, the linkage between the US dollar index and the stock market. The future market will focus on the new progress of the new crown vaccine and the related progress of the US economic stimulus plan. Overall, toluene is expected to continue to rise in the domestic market next week.

povidone Iodine

Supported by crude oil, xylene prices in China rose significantly this week (November 30 – December 6)

1、 Price trend

 

According to the business club’s big list data, the domestic xylene market price rose this week. The xylene price was 3640 yuan / ton on November 29, and 3860 yuan / ton on Sunday (December 6), up 220 yuan / ton or 6.04% compared with last week.

 

2、 Analysis and comment

 

This week, the domestic xylene market is mainly supported by crude oil, showing a broad upward trend. The listed price of toluene in Sinopec’s North China, South China and East China increased by 150 yuan / ton, and the listing price of enterprises in Central China increased by about 200 yuan / ton. The port inventory is high. At present, the port inventory in East China is about 117000 tons, down 6000 tons compared with last week. The pressure to go to the warehouse is not reduced. Market oversupply, downstream Px, gasoline blending demand is general.

 

In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. The new crown vaccine has made new progress, and OPEC + has reached a decision to gradually increase crude oil production, bringing benefits. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.

 

Downstream, in terms of PX market, the listed price of domestic Sinopec’s enterprises was about 4300 yuan / ton this week, which was stable compared with last week. The PX unit of Sinopec was shut down for maintenance for two months.

 

In terms of PTA market, PTA prices in East China decreased slightly and then rose this week, with an overall increase of 86.25 yuan / ton or 2.58% compared with last week.

 

In terms of ox market, ox prices in East China rose by 140 yuan / ton or 4.46% over last week.

 

3、 Future forecast

 

Xylene analysts of the chemical branch of the business society think: look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil drilling and weekly EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the geopolitical situation in the Middle East and China and the United States, the progress in the research and development of new coronal vaccine, the linkage between the US dollar index and the stock market. The future market will focus on the new progress of the new crown vaccine and the related progress of the US economic stimulus plan. Overall, xylene in the domestic market is expected to continue to rise next week.

Melamine

Terminal demand increases, hydrogen peroxide market turns warm

According to the monitoring data of the business agency, the hydrogen peroxide market began to improve in December after the sharp drop in November, and the price rebounded after hitting the bottom. As of December 8, the average price of hydrogen peroxide market was 1333 yuan / ton, which was 1.78% higher than that in early December.

 

Benzalkonium chloride

According to the monthly rise and fall chart of hydrogen peroxide from January to November in 2020, it can be seen that the price of hydrogen peroxide in the first 11 months is still falling more or less, with a large drop in February, April and November, with a maximum of more than 18% in February and a decrease of nearly 10% in November. The decline in March, may and August was relatively small. Prices rose mainly in January and June, September and October, with the largest increase of more than 30% in June.

 

In November, hydrogen peroxide finished the gold, silver and ten market and ushered in a sharp drop. In December, hydrogen peroxide stopped falling and recovered. As of December 8, hydrogen peroxide rose by nearly 2%.

 

Terminal demand increases, hydrogen peroxide Market stops falling and recovers

 

As the hydrogen peroxide market dropped by nearly 10% in November, the terminal caprolactam market rose in December. The enthusiasm for purchasing hydrogen peroxide increased, and the inventory of hydrogen peroxide manufacturers was at a low level. In addition, due to the large drop of hydrogen peroxide in November, the manufacturers were more concerned about supporting the price. The price of hydrogen peroxide began to pick up, and the situation continued to rise. As of December 8, the average price of hydrogen peroxide Market broke through 1300 yuan, and the price rose by 1.7% 8%。 The mainstream quotation in Hebei Province is 1350 yuan / ton, and the price is increased by 50 yuan / ton; the mainstream quotation in Anhui Province is 1370 yuan / ton, and the price is increased by 40 yuan / ton; the mainstream quotation in Shandong Province is 1280 yuan / ton, and the price is increased by 30 yuan / ton.

 

On December 8, the commodity price index of hydrogen peroxide and caprolactam was 177.65, which was 3.97 points lower than yesterday, 18.93% lower than 219.12 points (October 27, 2020), and 97.72% higher than 89.85 points, the lowest point on January 29, 2019. (Note: cycle refers to the period from January 1, 2019 to the present)

 

Since December, the cost side of the supply side is double positive, the domestic caprolactam price is rising, and the caprolactam operating rate is still not high, Shandong Haili, which has been shut down for maintenance in the early stage, has not been restarted. The end time of orchid scientific innovation maintenance plan is not clear, and the pattern of tight supply remains unchanged. In addition, the operating rate of downstream PA6 is still acceptable, and caprolactam continues to be supported by the supply side. Large domestic caprolactam factories generally increased the ex factory price, the price rose by more than 2%. The market of terminal caprolactam rose sharply and the demand for hydrogen peroxide increased, which boosted the market of hydrogen peroxide.

 

Li Bing, hydrogen peroxide analyst of business agency, believes that: hydrogen peroxide in December ended the sharp drop in November and ushered in rising sentiment. With the support of terminal demand, there is still room for hydrogen peroxide Market to rise in the future.

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Market price of pure benzene rises (November 30 – December 6, 2020)

1、 Price trend

 

ferric sulfate (Poly ferric sulphate)

According to the business club’s big list data, the price of pure benzene this week showed an upward trend. On November 29, the price of pure benzene was 4050-4550 yuan / ton (average 4146 yuan / ton); on Sunday (December 6), the price of pure benzene was 4280-4550 yuan / ton (the average price was 4376 yuan / ton), which was 186 yuan / ton or 4.44% higher than last week.

 

2、 Analysis and comment

 

In November, pure benzene rose first and then fell following the trend of styrene price. From the end of November, the main influencing factors of pure benzene price changed from styrene to crude oil and external market. With the recovery of European and American prices, the arbitrage window of Asia and the United States opened, and Asian prices rose sharply. The good news will drive the focus of domestic pure benzene market negotiation higher. This week, domestic pure benzene market negotiation atmosphere is good. From November 26 to December 6, Sinopec’s listed price of pure benzene increased by 400 yuan / ton to 4400 yuan / ton. This week, Sinopec raised the listing price of pure benzene twice, from 200 yuan / ton to 4400 yuan / ton.

 

In terms of external market, on Friday (December 4), South Korea imported 654.33 US dollars / ton of pure benzene, up 64.33 US dollars / ton, or 10.9% compared with November 27; and East China imported 620 US dollars / ton of pure benzene, up 35.5 US dollars / ton, or 6.07% compared with November 27.

 

In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.

 

EDTA

Downstream: styrene: domestic plant restart increased, spot supply increased, downstream production and sales declined, demand weakened, combined with the fall of futures depressed the spot market, domestic styrene price rose slightly this week and then weakened. On Friday (December 4), the price of sample enterprises was 8200 yuan / ton, down 216.67 yuan / ton or 2.57% compared with last Friday, and the price increased by 10.56% compared with the same period last year.

 

Aniline: the inventory of aniline enterprises is generally not high, the volume of spot export is limited, and the support brought by the rising cost, the price of aniline this week increased by 100-150 yuan / ton. The price of aniline rose to the end of the week, and the prices of some Shandong enterprises dropped slightly by 100 yuan / ton. On December 6, the price of aniline in Shandong was 7500-7600 yuan / ton, while that in Nanjing was 7750-7850 yuan / ton.

 

3、 Future forecast

 

In terms of crude oil, the recent news of vaccine is good, and OPEC and its allies have reached a compromise agreement to gradually increase production. The crude oil price is well supported, and the trend is expected to be stronger next week.

 

Crude oil, external prices are expected to be strong. With the recovery of external prices in Europe and the United States, the arbitrage windows in Asia and the United States have opened one after another, and the prices of external markets in Asia may continue to rise, further boosting the recovery of the domestic market. Downstream styrene is mainly de stocked with strong support. It is expected that the trend of pure benzene will be stronger next week.

Azodicarbonamide (AC foaming Agent)

Aniline price rises slightly this week (November 30 – December 6, 2020)

1、 Price trend

 

povidone Iodine

According to the business club’s big list data, aniline prices rose slightly this week, fell back over the weekend, and the overall price rose compared with last week. On November 29, the price of aniline in Shandong was 7400-7600 yuan / ton, and that in East China was 7600-7700 yuan / ton; on December 6, the price of aniline in Shandong was 7500-7600 yuan / ton; in Nanjing, the price of aniline was 7750-7850 yuan / ton, the average price was 1.11% higher than last week and 21.54% higher than the same period last year.

 

2、 Analysis and comment

 

In terms of cost, pure benzene rose first and then fell following the trend of styrene price in November. From the end of November, the main influencing factors of pure benzene price changed from styrene to crude oil and external market. With the recovery of European and American prices, the arbitrage window of Asia and the United States opened, and Asian prices rose sharply. The good news will drive the focus of domestic pure benzene market negotiation higher. This week, domestic pure benzene market negotiation atmosphere is good. From November 26 to December 6, Sinopec’s listed price of pure benzene increased by 400 yuan / ton to 4400 yuan / ton. This week, Sinopec raised the listing price of pure benzene twice, from 200 yuan / ton to 4400 yuan / ton. This Sunday (December 6), the price of pure benzene was 4280-4550 yuan / ton (the average price was 4376 yuan / ton), which was 186 yuan / ton higher than last week, or 4.44%.

 

The price of nitric acid rose this week. On Friday (December 6), the production price of nitric acid in East China was 1900 yuan / ton, which was 100 yuan / ton higher than last week, or 5.56%.

 

The inventory of aniline enterprises is generally not high, and the volume of spot export is limited. In addition, the support brought by the rising cost, the price of aniline has increased by 100-150 yuan / ton this week. The price of aniline rose to the end of the week, and the prices of some Shandong enterprises dropped slightly by 100 yuan / ton.

 

3、 Future expectations

 

In terms of cost, crude oil and external prices are expected to be strong. With the recovery of external prices in Europe and the United States, the arbitrage windows in Asia and the United States have opened one after another, and the prices of external markets in Asia may continue to rise, further boosting the recovery of the domestic market. Downstream styrene is mainly de stocked with strong support. It is expected that the trend of pure benzene will be stronger next week.

 

With the arrival of the autumn and winter production restriction season, the relevant production suspension and production restriction policies are introduced in various regions, which is expected to have a certain impact on the supply and demand of aniline. Pay attention to the future trend of raw material pure benzene, and the demand changes of downstream additives and MDI. However, the short-term cost support is good, and the supply and demand of the factory are stable. It is expected that the price will rise next week.

Melamine

The price of pure benzene rose in November, and then decreased in the later period (November 1-November 30, 2020)

1、 Price trend

 

Benzalkonium chloride

According to the data from the bulk list of business associations, the price of pure benzene rose rapidly in November and then fell. The price of pure benzene rebounded near the end of the month, and rose overall compared with the price of last month. On November 1, the listed price of pure benzene was 3350-3650 yuan / ton (average price was 3575 yuan / ton), and on November 30, it was 4150-4550 yuan / ton (average price was 4190 yuan / ton), with an increase of 17.2% this month. The highest price of this month appeared on November 17, with the price of 4296 yuan / ton.

 

2、 Analysis and comment

 

Pure benzene mainly follows the price fluctuation of styrene this month. In the early stage, the price of styrene was pushed up rapidly by the downstream demand, and the overall inventory of the enterprise was not high, so the price continued to rise. The booming styrene market has led to the improvement of pure benzene market demand, and the price has risen rapidly. In the middle and late ten days, with the shutdown of styrene downstream units, bulls actively took profits, and the focus of negotiation fell. In addition, the spot price of pure benzene fell rapidly due to the successive decline of styrene futures. The price of pure benzene fell rapidly due to the weakness of styrene and the negative fundamentals of pure benzene. Near the end of the month, the good news of crude oil and external market led to a rebound in the price of pure benzene. This month, Sinopec’s pure benzene price increased 5 times and decreased 1 time, with a total increase of 750 yuan / ton.

 

The novel coronavirus pneumonia vaccine has made new progress in the field of crude oil, which has raised the hope of economic recovery, and boosted the expectation of rising fuel demand. In November, oil prices continued to rise, or over 25%. In November, Brent oil price rose by 10.185 USD / barrel, or 28.13%; WTI oil price increased by 9.36 USD / barrel, or 25.89%. Compared with December 31, 2019, Brent oil price decreased by 30.52%; WTI oil price decreased by 25.11%.

 

In terms of external market, the external market showed a rising and falling trend in November, and the price rose significantly compared with that in October. On November 30, Korea imported 588 US dollars / ton of pure benzene, an increase of 137.67 US dollars / ton, or 30.57% compared with the previous month; and that of East China was 585.5 US dollars / ton, up 126.5 US dollars / ton, or 27.56% higher than that of the previous month

 

On the downstream side, styrene: affected by downstream demand and inventory, styrene showed an inverted “V” trend in November, rising rapidly in the early stage, falling rapidly in the later stage, and recovering slightly at the end of the month. On November 1, the price in Shandong was 7050 yuan / ton, while on November 30, it was 8416.67 yuan / ton, with a monthly increase of 19.39%. The highest price of this month appeared on the 17th, with the price of 9900 yuan / ton.

 

Aniline: in the first ten days of November, the supply and demand of aniline Market was stable, and the price was stable from the beginning of the month to the 18th. In the last ten days of November, aniline enterprises in East China mainly implemented contract orders; due to the weather, transportation of enterprises in North China was limited, and the supply of spot resources was tight, and the price rose rapidly. In addition, the cost side price rise brings good, aniline price is firm. On November 1, the price of aniline in Shandong was 6600-6700 yuan / ton; in Nanjing, it was 6700-6800 yuan / ton; on November 30, Shandong was 7400-7600 yuan / ton; in Nanjing, it was 7600 yuan / ton, with an average monthly increase of 13.57%.

 

3、 Future forecast

 

In terms of crude oil, the prospect of vaccines is generally good, and the oil price has the driving force to rise. In the later stage, we will continue to pay attention to the new global epidemic situation and global economic recovery, as well as the news of vaccine progress, and the latest policy of OPEC + on production reduction.

 

The external market is in a good condition. The European and American prices continue to rise, and the arbitrage windows in Asia and the United States have opened one after another, driving up prices in Asia. The atmosphere of the domestic market is expected to improve. The supply and demand situation in December may be better than that in November, and market participants are optimistic. Pay attention to the maintenance status of pure benzene and downstream units in December, as well as the price trend of crude oil and external market.

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The price of raw material ferrosilicon skyrocketed in the afternoon, and the price of magnesium rose sharply

Market trend of magnesium market in 2020

 

Benzalkonium chloride

On December 4, 2020, the price of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China will be strong, with the overall range of 14000-14400 yuan / ton, and the actual order negotiation is the main one.

 

The specific price ranges of each region are as follows:

 

The ex factory spot exchange including tax in fugu district is 14100-14300 yuan / ton; in Taiyuan area, it is 14200-14300 yuan / ton; in Wenxi area, it is 14300-14400 yuan / ton; in Ningxia area, it is 14100-14200 yuan / ton.

 

The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.

 

According to the data of business agency, the average price of domestic magnesium ingot Market on December 4 was 14266.67 yuan / ton, an increase of 4.90% compared with the average market price of 13600 yuan / ton at the beginning of the month, 15.68% higher than the average price of 12333.33 yuan / ton at the beginning of the year, and 14166.67 yuan / ton at the beginning of the year (1.1), an increase of 0.71%.

 

Ferrosilicon skyrocketed in the afternoon

 

Affected by Ningxia Zhongwei factory peak production news, ferrosilicon prices skyrocketed in the afternoon, futures prices up and down. It is reported that Ningxia Zhongwei alloy plant will implement production restriction in winter, starting from 12 o’clock tonight. According to the document of Zhongwei industry and Information Bureau, the production restriction details are as follows: Yinhe 3 stops 2 sets, Xinhua 6 sets stops 3 sets, Hefa 2 sets stops 1 set, da you 2 sets stops 1 set, Yuexin 3 sets stops 1 set, Maoye 7 sets stops 2 sets, Sanyuan 6 sets stops 2 sets, CUHK chemical industry stops 1 set, Zhongtai 2 sets stops 1 set.

 

The contents of the document are as follows:

 

Fugu magnesium Union and orchid carbon Association save themselves

 

It is reported that the prices of various raw materials for the production of raw magnesium and coke powder (blue carbon and clean carbon) have been rising continuously, especially the soaring price of raw coal, which makes the high production cost even worse. The production cost is seriously inversely linked with the sales price, and the production and operation pressure has increased sharply, and the situation is grim. Therefore, Fugu Magnesium Association and orchid charcoal Association held an emergency meeting at 9:00 a.m. on December 3, 2020 to analyze the current market situation and discuss countermeasures.

 

Affected by the news, the price of magnesium ingot rose sharply.

 

Previously, affected by the epidemic situation, the export of magnesium ingots was not smooth, and the demand of downstream automobile industry was weak in the first half of the year. The demand for new magnesium alloy was weak, and the price of magnesium fell continuously from January to September. Note: high proportion of domestic magnesium ingot

 

In the middle and late September, the price of magnesium ingot hit the bottom. It is reported that the average price in the third quarter dropped to 12700 yuan / ton, with a 3.3% month on month decrease and 14.7% year-on-year decrease. Magnesium smelting profit (after tax) fell to the low level of 775 yuan / ton, down 60.3% compared with the beginning of the year.

 

In late September, the influencing factors of cost side factors were enlarged, the price was low, the profit was meager, the magnesium plant’s willingness to stand up for price rose, and the price was tentatively raised for shipment; subsequently, the long short game intensified, and the platform was in shock operation.

 

In the middle of November, foreign orders were purchased intensively, and the number of inquiries increased. The second round of rebound market started. After nearly two weeks of pulling up, the market gradually entered the stage of long short stalemate. Market trading performance slowed down compared with the previous period, and downstream customers began to operate cautiously.

 

At the beginning of December, the willingness of Magnesium Ingot Industry Group to support the price rose, and the price rose sharply.

 

Future forecast

 

Ye Jianjun, an analyst at the business agency, predicted that the operation probability would increase in the near future, with the fluctuation range of 13800-15000 yuan / ton.

http://www.lubonchem.com/

The market price of BPA was pushed to RMB 20000

The tight supply of goods is hard to change, and it is difficult to get one. As of December 3, most factories had no current currency to sell and their offers were suspended. Lihua yiweiyuan offered 19500 yuan / T, while traders were scarce. “A few days ago, I had only a few bags left, 19200 yuan / ton clear.” The carrier said. At present, the price given by traders is basically 19800-20000 yuan / ton. It can be said that there are few goods in hand.

 

Benzalkonium chloride

In terms of raw materials, the current supply of goods is very tight, and the market price trend of bisphenol A has completely separated from the influence of upstream and downstream products, more on the supply and demand side. In terms of raw materials, the phenol and acetone markets performed poorly today. In the afternoon, the offer of acetone market dropped to 8400 yuan / T, a big drop. Although the carriers said that they would stop the decline and suspend the shipment, on the other hand, the downstream factories suspended the inquiry and purchase of raw materials under the loss situation of downstream factories, and the market was expected to enter a cold state under the downturn in demand. However, the phenol Market, under the pressure of market supply, entered the horizontal market consolidation state. The range of market offer was 6850-6900 yuan / ton, which was not ideal from the view of transaction surface. However, the confidence of the shippers was fair and the offer was relatively stable. From the point of view of raw materials, bisphenol A entered into the situation of huge profits.

 

At present, the downstream liquid resin market is still at 30000 yuan / ton, and the high market position has strong support for the upstream, while the downstream PC is in a high stable state after a round of big rise. It is estimated that the high level of BPA in the short term will be 19700-20000 yuan / ton.

 

The offers of bisphenol in various markets in China are as follows:

 

Region, quotation, up / down range

East China 19700 300

19700 400 in North China

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