Price trend:

According to the business club’s big list data, the domestic ABS market continued its strong trend in mid October, and most of the spot prices in the market rose a lot. As of October 20, the mainstream offer price of general-purpose ABS was about 17250.00 yuan / ton, which was 15.38% higher than the average price at the beginning of the month.

Factor analysis:

ABS upstream styrene, in mid October, the domestic styrene market was positive. The cost of crude oil rebounded slightly, pure benzene and ethylene rose, and the overall cost support of styrene was acceptable. In terms of inventory, the main port of Jiangsu Province has received more styrene ships recently, but less styrene has arrived in the later period. Styrene port inventory appeared to a new low since the Spring Festival, and there are expectations of continued decline, tight supply. Combined with the continuous rise of styrene futures, styrene spot market generally rose. However, in the early stage, the long-term loss margin of styrene was hovering, the risk of capital pull-up was small, and the resistance to spot price rising became smaller. Overall, styrene still has room to rise in the short term.

ABS upstream acrylonitrile, recent domestic market trend consolidation. Cost side of the market is general, acrylonitrile support weakened. At present, the spot supply of acrylonitrile tends to be stable and the market news is calm. The downstream demand is lack of further positive promotion, and the market is mainly organized and operated after the festival. It is expected that the price of acrylonitrile will continue to consolidate in the near future.

The domestic market of butadiene continued a strong trend in mid October, and the spot price of butadiene last week had a significant pull. According to the sample data monitored by the business agency, as of the end of last week (10.16), the price of butadiene delivered sporadically in Shandong Province was about 7200 yuan / ton, and that of Jiangyin in East China was about 7300-7400 yuan / ton. At the same time, the external price continues to rise, which is beneficial to the domestic butadiene. There is still room for domestic manufacturers to increase the supply price, which drives the traders’ offer higher, and it is difficult to find the source of low-cost goods in the market.

After the festival, the heat of domestic ABS market continued, and the spot price increased. The shortage of domestic ABS spot supply has not improved, and the enthusiasm of replenishment is good after resumption of work. At that time, the consumption of ABS in household appliances and other industries was still high. The far upstream crude oil has been turbulent due to the complicated geopolitical influence recently. The recent talks between Saudi Arabia and Russia have preliminarily reached a commitment to fulfill the production reduction agreement, and the crude oil market may stabilize in the future. The lower reaches are in conflict with high price goods, and there is some resistance in the upward direction. Merchants at present state of mind temporarily stable, profit margin delivery.

Future forecast:

Business agency analysts believe that: in mid October, the ABS market has risen, and the prices of individual brands have increased greatly. Cost side of the upstream three material trend is OK, cost side of ABS support. At present, ABS spot supply is still tight, downstream consumption has a peak season. At present, the situation of high price goods trading is cooling down, and the supply of low-cost goods is hard to find. It is expected that the domestic ABS price will be high in the near future.

1、 Price trend

As of October 21, the average price of refrigerant R22 was 13833.33 yuan / ton, down 6.74% from the beginning of the month, 6.74% month on month, and 0.72% lower than the same period last year, according to the monitoring of bulk data of business agency.

According to the monitoring of the bulk data of the business agency, as of October 21, the average price of refrigerant R134a was 15500 yuan / ton, down 0.43% from the beginning of the month, 0.43% month on month, and 34.97% lower than the same period last year.

2、 Market analysis

In October, the market of refrigerants is still poor, the demand continues to be weak, and the market is hard to find. The refrigerant industry chain is on the decline as a whole. The prices of various types of refrigerants continue to stay low. The manufacturers are under pressure to ship. The sales pressure is increasing. The raw material hydrofluoric acid is weak and stable. The support force is general. The export volume of refrigerant is expected to decline. The output of downstream air conditioning is low, and the demand is scarce. The after-sales market is in off- Continue to reduce the price of goods to seek good. On the whole, the refrigerant market is hard to find good factors, the price continues to be low or will become normal, and the transaction center of gravity begins to move down.

R22, October R22 market lower. Since the double festival, the price of R22 has generally fallen by 1000-2000 yuan / ton. The actual transaction has yielded more profits, and the manufacturers have reduced the load operation. Juhua company’s annual production capacity of 110000 tons is about 70% of the plant, and Shandong Dongyue chemical’s R22 annual production capacity of 220000 tons is about 80% of the start-up, which reduces the pressure of shipment. In October, the support of raw materials weakened and the support of demand side collapsed. Air conditioning enterprises started operation at a low level, and the demand for R22 was weak. At the same time, the export volume of R22 was lower than that of the same period last year. Under domestic and external troubles, R22 prices were easy to fall but difficult to rise. At present, the prices of mainstream manufacturers in R22 market are about 12500-16500 yuan / ton, but the actual transaction price is low.

R134a, October R134a market weak stable operation. The price of raw materials fell, the supporting force began to weaken, but the demand side was not followed up enough, the car market was poor, and it was difficult to boost the market. The on-site supply of goods was sufficient, and the manufacturers started on the high side. Juhua company’s R134a annual production capacity of 60000 tons was about 80%, and Shandong Dongyue chemical’s R134a annual production capacity of 15000 tons was about 60% The contradiction between demand and R134a is not optimistic. At present, the prices of mainstream manufacturers in R134a market are around 15000-18000 yuan / ton, and the prices are stagnant in the short term.

Upstream hydrofluoric acid: on October 21, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 7700-8300 yuan / T. the factory price of domestic manufacturers remained stable. The domestic hydrofluoric acid manufacturers had a general operating rate, and the supply of goods on site was normal. Affected by the stable price of fluorite, however, the demand of downstream refrigerant industry was not good, and the on-site purchase was mainly based on demand. It is expected that the on-site price will remain low in the future.

At present, less than 60% of the domestic trichloromethane production enterprises are operating, and the overall inventory in the industry is low. In addition, the price of raw materials is still high, and the supply side support is good. However, the downstream refrigerant market has entered the off-season, the market starts on a low level, and the demand side supports chloroform insufficiently. The game between supply and demand is strong. At present, the quotation of Shandong Province is about 1850 yuan / ton, that of Jiangxi Liwen is about 2300 yuan / ton, and that of Jiangsu Province is about 2650 yuan / ton.

3、 Future forecast

According to the refrigerant analysts of the business agency, the current demand continues to be weak, the market is hard to find good, the overall downward trend of the refrigerant industry chain, manufacturers are under pressure to ship, the sales pressure is increasing, the price continues to be low or will become normal, and the transaction center of gravity begins to move down. It is expected that R22 and R134a will continue to operate weakly in the short term.

1、 Trend analysis

According to the nickel price monitoring of the business agency, the nickel price rose slightly on the 21st, and the current price is 122583.33 yuan / ton, a slight increase of 1.84% compared with the previous trading day, 7.78% higher than that of the beginning of the year, and a year-on-year decrease of 4.58%. Shanghai nickel mainly opened at 120570 yuan. After the opening, the price was strong and closed at 121730 yuan, up 1.27%. LME3 nickel closed at US $16110, up 0.37%.

2、 Market analysis

The U.S. fiscal stimulus bill ushered in the dawn, and confidence in the commodity market revived. Overnight, lunni rebounded strongly. The latest closing price was $16050, up $400, or 2.56%, from the previous trading day, reaching a high in nearly a year. London Metal Exchange (LME) 20 Lun nickel inventory was 236832 metric tons, 510 metric tons less than the previous trading day. The overseas epidemic situation has not been effectively controlled. Due to the temporary closure of some mines due to the global epidemic situation, the agency predicts that the world nickel production will drop by 7.4% this year, and domestic nickel mines at the supply end are still tight. In the near future, the largest domestic electric vehicle plant will be put into production, or boost nickel demand. The downstream stainless steel supply is sufficient, but on the whole, the consumption peak season expectation in September has fallen short. Indonesia’s ferronickel construction step by step, there is a risk of incremental supply in the future.

3、 Future prospects

Aftermarket forecast: nickel ore is still tight in the short term, and the largest electric vehicle plant in China is about to be put into operation, which is favorable for nickel price. However, Indonesia’s new steel-making capacity is about to be put into operation, and it is expected that the short-term fluctuation of nickel price will be strong.

Price list of aluminum ingot

According to the data of business agency, the average price of domestic aluminum ingot in East China market on October 21 was 14906.67 yuan / ton, an increase of 1.43% compared with the average market price of 14696.67 yuan / ton at the beginning of the month (October 1), 2.43% higher than the average market price at the beginning of the year (January 1), 14553.33 yuan / ton, an increase of 32.66% compared with the valley value of the average market price in the year (March 24).

In October, the price of aluminum ingot was stronger, and the overall situation was still horizontal.

Comparison of the arguments for the situation of electrolytic aluminum in October

Multiple arguments:

1. The social inventory of electrolytic aluminum in October is still at a historical low level

According to statistical data, as of October 15, the domestic electrolytic aluminum social inventory (including SHFE warehouse receipt) totaled 719000 tons, which was at a relatively low historical level, 197000 tons lower than the same period last year.

2. The export volume of UN forged and rolled aluminum and aluminum products increased month on month in September

In September 2020, China’s exports of UN forged and rolled aluminum and aluminum products increased by 7.7% on a month on month basis, a year-on-year decrease of 2.1%, and 395000 tons in August.

From January to September 2020, China’s total exports of unshaped and rolled aluminum and aluminum products totaled 3.561 million tons, a year-on-year decrease of 813000 tons or 18.6%.

Recent policy factors

1. Limited production in heating season

Recently, the Ministry of ecology and environment issued the action plan for comprehensive control of air pollution in autumn and winter of 2020-2021 in the Yangtze River Delta region (Draft for comments), and “2020-2021 for Beijing Tianjin Hebei and its surrounding areas, Fenwei plain” The action plan for comprehensive control of air pollution in autumn and winter (Draft for comments) requires that the Yangtze River Delta region, Beijing Tianjin wing and surrounding areas and Fenwei plain should be targeted at steel, building materials and nonferrous metals The unorganized emission control of key industries has achieved the goal of reducing excess capacity and eliminating backward capacity in an all-round way, which has little impact on the aluminum industry chain, and the upstream carbon part is affected. The production capacity of electrolytic aluminum and alumina has not changed significantly.

Aluminum price forecast in October

The downstream operating rate is relatively stable. In the later stage, attention should be paid to the price of raw material alumina and downstream export. It is expected that the social inventory of aluminum ingots will enter a period of fluctuating platform. The price of aluminum ingots will be mainly stable in October, with the price range of 14500-15300 yuan / ton.

According to the data monitored by the business agency, as of October 20, the price quoted by pet water bottle manufacturers was 5083.33 yuan / ton. At present, the price range of mainstream manufacturers is around 5000-5100 yuan / ton, and the mainstream negotiation is about 4850-5000 yuan / ton. The overall polyester bottle chip market is in a weak position, and the negotiation atmosphere is low-end, and the downstream is cautious.

The domestic polyester bottle chip market is weak. The downstream market is cautious, the demand is general, the transaction atmosphere is general, the market negotiation focus is weak, the number of new orders is limited, mainly contract customers, just need to purchase, buy as you use. At present, the polyester bottle chip in East China is running at a low level, the current mainstream manufacturers’ price is around 5000-5100 yuan / T, and the market mainstream negotiation price is 500 yuan / T At present, the price of Xiamen Tenglong is 5000 yuan / ton, Guangdong Taibao is 5150 yuan / ton, Zhuhai China Resources is 5150 yuan / ton, Zhejiang wankai is 5100 yuan / ton, Yizheng Chemical fiber is 5150 yuan / ton. At present, the shipment is smooth and the inventory is general.

The upstream PTA market is relatively strong and has been running for many days. At present, the market price is mainly stable, which slightly supports the pet cost, and has little impact on the whole polyester bottle chip market. The factory quotation is stable and the trading atmosphere is dull.

On October 19, PTA commodity index was 33.75, down 0.08 points compared with yesterday, 67.52% lower than 103.92 points (2011-09-15), and 12.16% higher than the lowest point of 30.09 points on April 22, 2020. (Note: period refers to 2011-09-01 to now)

On October 19, the rubber and plastic index was 677 points, up 5 points compared with yesterday, 36.13% lower than 1060 (2012-03-14), and 28.22% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Pet analysts of business club believe that: in the short term, the pet market is weak and the trading atmosphere is dull. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

According to the data monitored by the business agency, the average price of domestic superior DMF enterprises as of October 20 was 8016.17 yuan / ton, and the domestic DMF market price continued to increase and the price rose. Compared with the same period last month, the price rose by 16.46%, 8.82% higher than that in early October, and the increase was over 300 yuan / ton.

Domestic DMF market is in the upward trend, downstream demand has increased, the shipment is smooth, downstream replenishment is positive, there is no pressure on inventory, strong rising trend, strong center of gravity, high-level upward shift of the focus of negotiation, as of October 20, the chemical industry quotation of Luxi was 8250 yuan / t, Zhangqiu daily 8300 yuan / T, Hualu Hengsheng 7500 yuan / T, Shaanxi Xinghua 8300 yuan / T, East China market reference price 8550-8750 yuan / ton, South China City The reference price of the site is 8800-8900 yuan / ton.

The price of methanol in the upstream is stable, the trading atmosphere is still acceptable, and the replenishment is required as the main part, and the negotiation is the main one.

The chemical industry index on October 19 was 761, up 1 point from yesterday, down 25.10% from the highest point 1016 in the cycle (2012-03-13), and 27.26% higher than the lowest point 598 on April 8, 2020. (Note: the period refers to December 1, 2011 to present)

DMF analysts of business agency think: DMF market is currently high-level operation, with strong momentum and maintaining upward trend in the short term. (the above prices are provided by major manufacturers of DMF all over the country and analyzed by business DMF analysts. For reference only, please contact relevant manufacturers for more details)

1、 Price trend

According to the monitoring of the business agency, the price of power coal has dropped slightly. On October 20, the average port price of steam coal was maintained at 620 yuan / ton. On October 1, the average price of steam coal was 611.25 yuan / ton, a slight increase of 1.43%, a decrease of 0.2% compared with the average price of 621.25 yuan / ton on October 18, and the price was 7.3% higher than that of last year.

On October 19, the commodity index of steam coal was 74.76, down 0.09 points compared with yesterday, 27.42% lower than 103.01 points (2011-11-15), and 67.25% higher than 44.70 points, the lowest point on January 20, 2016. (Note: period refers to 2011-09-01 to now)

2、 Analysis of influencing factors

In terms of production area, Shanxi Province has recently suffered a coal accident, and the safety inspection may be strengthened, but the mine inventory is relatively sufficient, and the coal price is expected to fluctuate little. The release of coal production in the main producing areas has been accelerated, and the supply has gradually increased. At present, the production of some advanced large mines in some areas of the main production area has been gradually released, and it is expected that the coal mine area with increased production and guaranteed supply will continue to expand in the future.

Downstream power plants: entering the fourth quarter, the demand for electric coal is strong in winter peak season, and the inventory decreases rapidly. The centralized procurement of power plants leads to the rapid rise of coal price. However, the cumulative stock of Beigang is weak, and the inventory of main ports has dropped to below 19 million tons again, but it is still at a high level. The port coal price has been slightly adjusted, the seller’s willingness to ship goods has increased, and the transaction is rare. The mainstream closing price of 5500 kcal steam coal is about 615-620 yuan / ton.

In September, the production of raw coal was 330 million tons, a year-on-year decrease of 0.9%, an increase of 0.8% over the previous month; the average daily output was 11.04 million tons, with an increase of 530000 tons on a month on month basis. From January to September, it produced 2.79 billion tons of raw coal, down 0.1% year on year. In September, a small number of coal mines were shut down due to factors such as over production in main production areas, safety production, coal management tickets, etc., and the output of raw coal decreased year on year. In the northern heating season winter storage and import coal decreased year on year, domestic supply shrank.

Business agency analysts believe that: the domestic power plant inventory is at a high level, the demand for winter storage and replenishment of key power plants exists, and the inventory continues to rise. The power plant has a large inventory, but the winter heating season is coming, and the power plant still needs to replenish the thermal coal. It is predicted that the short-term steam coal price will still be mainly in the range of integrated operation, which depends on the downstream market demand.

According to the data monitored by the business agency, the domestic PP market price fluctuated in mid October, and the offer was stable. Spot prices of some brands increased slightly. As of October 20, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8150 yuan / ton, an increase of 1.66% compared with the average price at the beginning of the month.

Cause analysis

PP upstream propylene domestic (Shandong) market in the first half of October shock finishing, big stable small move. At the beginning of the month, the price was a half month low price, 7503 yuan / ton; on October 8 and 9, it was a half month high price, 7530 yuan / ton; on October 16, it was 7524 yuan / ton, with a half month increase of 0.28%; the amplitude was only 0.36%. At present, the market transaction is still between 7480 and 7650 yuan / ton, and the mainstream price is about 7500 yuan / ton. Generally speaking, the overall supply of some propylene units is still a little tight in the near future. The price of crude oil in the upstream fell slightly, while the price of crude oil in the downstream was slightly higher. At present, the inventory of manufacturers is at a low level, but most of the procurement is just needed operation, which is used and bought now. The current propylene price has been at the recent high level for a long time and has been digested. Therefore, it is expected that the propylene price will remain stable in the near future.

Upstream propylene since October high firm, the market is relatively stable, the cost side of PP support is acceptable. According to the data monitored by the business agency, the market performance of PP (drawing) fluctuated slightly in mid October. The lower reaches resume work after the festival, and the demand is large, which has a certain support for the spot price. In terms of inventory, although the cumulative inventory of petrochemicals in recent years exceeded the expectation, the inventory level was still in a seasonally moderate position, and the port inventory was still low. The increase before the festival made PP gradually appear high pressure in the near future, but the industrial chain inventory did not continue to accumulate, the overall supply of wire drawing was also limited, and the spot price was still strong. As for the far upstream crude oil, the trend is general due to some production increase news, which has a certain suppression on the chemical industry chain. On the demand side, the current downstream inquiry sentiment is not high, trading focus on the low price. External demand is mixed, some automobile, bottle cap and closure industry demand is strong, film material market response is general. Analysts are worried about the new capacity that may be released by the end of October, which may have an impact on the PP market.

According to the data monitored by the business agency, as of October 20, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8316.67 yuan / ton. Compared with the average price at the beginning of the month, there was a slight drop of 0.40%. The monthly high appeared early on the 14th at 8383.33 yuan / ton, and the overall operation was stable in the first half of the month. It is reported that the average operating rate of domestic PP manufacturers decreased by 3.48% last week. In the near future, Sinopec plans to shut down, Yangzi Petrochemical and Sichuan Petrochemical will restart, and the operating rate is expected to rise slightly. In the middle of this month, the maintenance of polypropylene was reduced, and new units were put into operation. Business operations tend to be cautious, downstream side just need to prepare goods, mentality to wait-and-see atmosphere. It is expected that PP (fiber) will be in consolidation operation in the near future.

PP melt blown material market in mid October big stable small move, domestic PP melt blown material market confidence is still poor. According to the data monitored by the business agency, since October, PP (melt blown) material has been adjusted. As of October 20, the average price of sample enterprises is about 14533.33 yuan / ton. At present, the epidemic situation in China is generally stable. Recently, relevant experts have taken the lead to consolidate the epidemic prevention measures and strictly prevent the rebound. The overseas epidemic situation is still deteriorating. Non woven fabrics used in medical protection applications continue to be sought after, and the demand is expected to rise. However, the competition among domestic anti epidemic product manufacturers is still strong, and the profits of the main downstream mask factories are seriously diluted. At present, the price of PP (melt blown) is relatively low, and it is expected that the melt blown material will recover due to the influence of demand expansion in the near future.

Future forecast

PP business agency analysts believe: in mid October domestic PP spot market prices are generally stable. Upstream propylene market high firm, on the PP cost side there is support. PP (drawing) supply volume is still not to, PP (fiber) market high firm, PP (melt blown) demand is expected to rise, the price is temporarily stable. At present, the decline of petrochemical inventory slowed down and slightly increased, and the trend of futures in the near future was not strong, and there was no obvious positive effect on spot. The stock situation of downstream factories is fair, the business mentality is general, and the offer follows the market. It is expected that the increase of operating rate may cause the gradual increase of PP spot supply, and the market may be weak.

From October 9 to 16, 2020, the market price of crude benzene first fell and then rose. The ex factory price in North China was 2523.75 yuan / ton at the beginning of the week and 2473.75 yuan / ton at the end of the week, with a weekly decrease of 1.98%.

Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

October 9 3300 – 150

October 14 3350 + 50

October 16 3400 + 50

In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) was lowered once and increased twice. As of October 16, the price was 3400 yuan / ton.

This week, coking enterprises started to operate well. Coke has gone through four rounds of rising, with an accumulated increase of 200 yuan / ton. At present, coking enterprises have higher profits, loose environmental protection policies, higher operating rate in the near future, and sufficient supply of crude benzene. After the festival, the crude benzene market price first fell and then rose, and the pure benzene market fell after the festival, and the crude benzene market mainly fell. Since the beginning of the week, the price of pure benzene began to rise. Thanks to the help of the downstream styrene price rise, the ex factory price of pure benzene was raised twice this week to 3400 yuan / T, and the hydrogenated benzene manufacturers followed the increase. However, the cost pressure of hydrogenated benzene enterprises was still high, and they were against high price crude benzene. This week, the bidding price is only slightly reduced, and it is about 50 yuan / ton in Shandong Province.

In terms of downstream demand, the comprehensive operating rate of hydrogenated benzene enterprises was relatively stable, maintained at about 58%. Some units in Shandong had plans to start operation before the end of October, which had certain support for crude benzene price.

In the aftermarket, the Business Association believes that the current pure benzene market rebounds, and the downstream hydrobenzene unit will start operation on schedule, and the demand will rise in part. The downstream demand of hydrogenated benzene and pure benzene is good, which has a certain basic support for the crude benzene market, and the crude benzene Market in the future is mainly stable and strong.

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium on October 12 was 1866 yuan / ton, and that on October 16 was 1883 yuan / ton, up 0.89% this week.

According to the business club’s large list data, the average ex factory price of 64% diammonium on October 12 was 2306 yuan / ton, and that on October 16 was 2313 yuan / ton, which was 0.29% higher this week.

2、 Market analysis

This week, the price of monoammonium phosphate rose slightly, and the operating rate of enterprises was about 71%. Some enterprises overhaul, production reduced. In Anhui Province, 55% powdered ammonium was quoted at 1900-1950 yuan / T, and the start-up was stable. In Hubei Province, the ex factory quotation of 55% powdered ammonium is about 1850-1950 yuan / ton, and that of 60% powdered ammonium is 2050-2150 yuan / ton. The market in Henan maintained stable operation. The factory quotation of 55% powdered ammonium was about 1850 yuan / ton, and the start-up was stable. The price of 55% powdered ammonium in Shandong Province is 1850-1950 yuan / ton, and the price is stable. The factory quotation of 55% powdered ammonium in Sichuan is about 1900 yuan / ton.

The price of diammonium phosphate rose slightly this week, and the operating rate of enterprises was about 50%. The mainstream factory quotation of 64% diammonium in Hubei Province is 2200-2350 yuan / ton, that of 64% diammonium in Shandong Province is 2250-2350 yuan / ton, that of 64% diammonium in Yunnan Guizhou area is 2300-2450 yuan / ton, and that of 64% diammonium in Anhui Province is 2250-2450 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2300-2450 yuan / T. The quotation of 64% diammonium at the first arrival station in Heilongjiang Province is about 2500 yuan / ton.

This week, raw materials such as phosphate ore and sulfur began to rise. After the double festival, the domestic construction of raw phosphorus ore gradually recovered, and the on-site trading was stable. It was heard that some mining enterprises might raise the quotation, and the new orders were sold at sporadic high prices, and the market was mainly wait-and-see. At present, after the high-end quotation of phosphate ore market, the trading is fair, and the procurement is mainly required.

3、 Future forecast

Ammonium phosphate analysts believe that at present, the price of Monoammonium raw materials is rising, the market trading atmosphere is good, and the transaction center is up. It is expected that monoammonium will rise steadily in the short term. The quotation of diammonium continued to be firm, the domestic market was stable, and the international market demand was good. It is expected that diammonium will continue to rise in the short term.