Price list of aluminum ingot

According to the data of business agency, the average price of domestic aluminum ingot Market on August 26 was 14786.67 yuan / ton, a decrease of 1.49% compared with the average market price of 15010 yuan / ton at the beginning of the month (August 1); compared with the valley value of average market price at the beginning of the year (January 1), 14553.33 yuan / ton, an increase of 1.60%; compared with the valley value of average market price in the year (March 24), 11230 yuan / ton, an increase of 31.59%.

In August, the price of aluminum ingots fell first and then rose, with a range of 14400-15000 yuan / ton.

Domestic supply and demand in July

Electrolytic aluminum:

In July, China’s electrolytic aluminum output was 3.312 million tons, an increase of 1.83% year-on-year. From January to July 2020, the total output of domestic electrolytic aluminum is 21.13 million tons, with a year-on-year increase of 2.76 million tons.

Raw material: metallurgical grade alumina:

In July, the output of metallurgical grade alumina was 5.699 million tons, and the average daily output of metallurgical grade was 184000 tons, an increase of 0.04% over the same period of last year.

Downstream outlet situation:

In July 2020, China exported 373000 tons of UN forged and rolled aluminum and aluminum products, with a year-on-year decrease of 23.3%. Note: from January to July, the export of UN forged and rolled aluminum and aluminum products was 2.739 million tons, with a year-on-year decrease of 21%.

Social inventory stabilized in August

According to statistics, on August 20, the domestic spot inventory of aluminum ingots was 762000 tons, and the operation range of social inventory this month was between 730000 tons and 770000 tons.

Future forecast

At present, the price of electrolytic aluminum is stable and strong, and the future market is expected to continue to maintain.

At the raw material end, the overseas production reduction pushed up the alumina price, and the prebaked anode market remained relatively stable. At present, the profit of electrolytic aluminum industry is at a high level. Although there will be a batch of new production capacity to be put into operation this month, the electrolytic aluminum inventory has a slight recovery sign, but the current social inventory is still relatively low. The downstream is about to enter the traditional consumption peak season, and the operating rate has increased slightly, supporting the strong operation of domestic aluminum prices.

Price trend:

According to the data of the bulk list of business associations, the ABS market strengthened in the third week of August, and most spot prices in the market increased significantly. As of Friday, August 21, the mainstream offer price of general-purpose ABS was about 14250.00 yuan / ton, with a weekly increase of 6.34%, which was 10.47% higher than the average price level at the beginning of the month.

Factor analysis:

As for styrene upstream of ABS, the mainstream domestic styrene price fluctuated slightly in the third week of August. As of last Friday (August 21), the average price of sample enterprises was about 5133.33 yuan / ton, with a weekly decrease of 2.22%, and the price was 39.37% lower than that of the same period last year. In terms of inventory, the short-term oversupply situation has not changed, and the mainstream inventory is still at a high level. The arrival of styrene in port is stable, the warehouse capacity is tight, and the spot selling pressure is huge. On the cost side, crude oil fluctuated in a narrow range, ethylene fell and pure benzene was expected to decline, and styrene cost support weakened. Although the downstream demand is good at present, it is mainly supported by the mainstream downstream rigid demand. It is expected that styrene will be dominated by weak finishing in the near future. The market needs to pay close attention to the trend of crude oil price.

In terms of acrylonitrile upstream of ABS, the domestic market has been stable and the domestic market has been in short supply since last month, and the improvement is still small. The main reason for the shortage of supply is that the price is at a high level, the raw materials are rising, the factory is under pressure, and the manufacturers reduce the load operation. Although the market has changed from low to positive, the downstream just needs to buy, stock operation is cautious, merchants actively ship, and the trading situation turns weak compared with the first half of the month. Acrylonitrile market supply reduction problem is still in the near future, the price may be stronger.

The price of butadiene in domestic market was stable at the beginning of August, and the market rose obviously in the middle of August. In Asia and Europe, the external price of butadiene remained stable. Dealers have two attitudes: one is to follow the trend and the other is to keep the price unchanged and wait and see. At present, the market is generally optimistic, but the specific transaction follow-up is insufficient. Downstream synthetic rubber market quotation slightly increased, but obviously insufficient support. Business agency butadiene analysts predict that in the short term, the domestic butadiene market high volatility.

In the third week of August, domestic ABS spot supply decreased and the price rose sharply. Although the weakness of upstream styrene has depressed the market mentality to a certain extent, the overall cost support is acceptable, especially the recent high price of butadiene. At present, the operation level of ABS petrochemical plants in China is not as good as that in the early stage. In addition, extreme weather in some ports hinders the arrival of ships and cargoes. Some domestic floods have hindered the production of some polymerization plants, so that the supply situation in the near future is affected by multiple factors. ABS inventory is still at a low level, the spot circulation is tight. At present, businesses have a positive attitude, and downstream factories have turned to be positive in receiving goods. The low price in the market is active and reduced, and the atmosphere of pulling up is strong.

Future forecast:

Business agency analysts believe: the third week of August ABS market rose sharply, the prices of all brands have a certain range of adjustment. Cost side of the upstream three material recent trend is not the same, but the overall cost of ABS support is acceptable. At present, the shortage of ABS spot supply is increasing, and the downstream attitude towards the reduction of ABS supply has changed from wait-and-see to actively receive goods, and the situation of stock inquiry has increased. The resistance of the merchant to ship is reduced, and the low price order is reduced, and the real single profit making space is not large. It is expected that the domestic ABS price will continue to rise in the near future.

1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

Recently, the melamine market is mainly stable and weak. According to the monitoring sample data of business agency, as of August 25, the average price quoted by melamine enterprises was 5533.33 yuan / ton, which was flat compared with August 21 and increased by 9.21% compared with July 25.

On August 21, the average price quoted by melamine enterprises was 5533.33 yuan / ton. The downstream demand was flat, the manufacturers’ shipment was under pressure, and the high-end prices in some markets were loose, and the market was mainly stable. On the 25th, the melamine operating rate was high, downstream demand did not significantly improve, the market atmosphere was light, the quotation of enterprises was mainly stable, some enterprises’ prices were down, and the market situation of melamine was stable.

According to the data monitoring of the business agency, melamine prices in some regions (for reference only, the actual transaction price is mainly through negotiation): the price of melamine in some areas is higher than that in other regions

Regional remarks on August 21 to August 25

Factory quotation of 5500 yuan / ton and 5500 yuan / ton in Shandong

Ex factory quotation of 4900 yuan / ton and 4900 yuan / ton in Xinjiang

Ex factory quotation of RMB 5300 / T in Sichuan

Ex factory quotation of 5300 yuan / ton in Henan Province

For upstream urea, according to the monitoring sample data of business agency, the price of urea in Shandong Province dropped slightly (8.17-8.21) this week, and the quoted price dropped from 1766.67 yuan / ton at the beginning of the week to 1743.33 yuan / ton at the end of the week, down 23.34 yuan / ton or 1.32%, and 4.65% compared with the same period last year. On the whole, the urea market fell slightly this week, and the urea commodity index on August 21 was 81.09. On August 24, the urea market in Shandong Province dropped slightly. The upstream liquid ammonia dropped slightly recently. The cost support was general, and the downstream demand was general. The rubber plate factory and compound fertilizer plant followed up appropriately, and the middlemen were cautious in receiving the goods.

3、 Future forecast

Melamine analysts in the business agency believe that in the near future, the price of raw material urea has fallen slightly, the cost support has been weakened, and the melamine operating rate is high, but the downstream demand is weak. It is expected that in the short term, the melamine market will be stable and weak.

According to the data monitored by the business agency, as of August 25, the price quoted by pet water bottle manufacturers was 5466.67 yuan / ton, and the price of mainstream manufacturers was around 5400-5500 yuan / ton. The East China region maintained the sorting out, and the downstream was cautious to wait and see, and just needed procurement was the main thing.

In recent years, pet operation is weak, the demand is general, the negotiation atmosphere is low, and just need purchasing is the main trend. At present, the mainstream manufacturers in East China offer around 5400-5500 yuan / ton, and the mainstream market negotiation is around 5300-5400 yuan / ton. At present, the price of Xiamen Tenglong is 5400 yuan, Yuan / ton Guangdong Taibao 5400 yuan / ton, Zhuhai China Resources 5400 yuan / ton, Zhejiang wankai 5400 yuan / ton, Yizheng Chemical fiber 5350 yuan / ton, most of them are cautious and wait-and-see attitude.

The negotiation of upstream PTA market is stable, the transaction atmosphere is general, and the demand is poor.

On August 24, the rubber and plastic index was 631 points, up 2 points compared with yesterday, 40.47% lower than 1060 (2012-03-14), and 19.51% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

On August 24, PTA commodity index was 35.07, which was the same as yesterday, decreased by 66.25% from 103.92 (2011-09-15), and increased by 16.55% from the lowest point of 30.09 on April 22, 2020. (Note: period refers to 2011-09-01 to now)

Pet analyst of business club thinks: in the short term, the pet market shocks and arranges, weak operation. (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.)

1、 Price trend:

According to the data from the business club’s bulk list, the domestic PA6 market was adjusted in a narrow range in the third week of August, while the spot price adjustment of most brands was relatively small. As of August 23, the mainstream offer price of 2.75-2.85 from traders was about 10900.00 yuan / ton, which was 0.62% higher than the average price level on Monday, August 11, and 0.30% lower than the average price level at the beginning of the month.

2、 Analysis of influencing factors:

The price of caprolactam upstream of PA6 increased slightly in the third week of August. The average ex factory price of caprolactam on August 17 was 9416 yuan / ton, and that on August 23 was 9450 yuan / ton, with a price increase of 0.35%. At present, the operating rate of caprolactam enterprises is 79%. As of August 23, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was quoted as 9000 yuan / ton; that of Nanjing Dongfang caprolactam liquid was 9950 yuan / ton; that of Baling Hengyi caprolactam liquid was 9700 yuan / ton; that of Baling Petrochemical was 9700 yuan / ton. In terms of pure benzene in the upstream, the decline was obvious in the north, and the restart of downstream maintenance equipment was delayed, which caused pressure on the supply and demand side of the north. The listed price of pure benzene in North China of Sinopec was reduced by 100 yuan / ton, while no adjustment was made in other regions. The market is waiting for Sinopec’s price guidance. The cost support of pure benzene p-caprolactam is reduced, and the downstream demand is slightly improved. It is expected that the price of caprolactam will be low in the short term, and the finishing operation will be dominated.

The third week of August PA6 market is still calm. The upstream caprolactam stabilized, the operating rate was high, and the cost support was expected to weaken, which was negative for the PA6 spot market. In terms of consumption of PA6 chips, due to the early stage traders and downstream factories have certain prepayment consumption for the coming “golden nine silver ten”, the current trading volume of PA6 is weakening and the market atmosphere is mainly stalemate. In addition, the downstream nylon operating rate has decreased, generally speaking, the negative is greater than the good, and the price fluctuates slightly. In terms of business operation, they prefer to ship at a stable price, and the actual orders are more profitable. In order to improve the market trading, it is necessary to further observe the downstream inventory consumption.

3、 Future forecast:

Business agency analysts believe: in the third week of August, domestic PA6 market narrowly recovered, and spot prices of various brands were adjusted. The upstream caprolactam has a strong price, but it has a general support for the cost end of PA6. Downstream factory inventory is more sufficient, inquiry intention is not strong, weak demand, PA6 trading volume into a deadlock. Business mentality is not strong, near the end of the month, the actual single has a profit to go single operation. It is expected that the PA6 market will continue to fluctuate in a narrow range in the near future.

Last week, the overall epoxy resin market rose in a wide range. According to the monitoring data of the business agency, the average offer of liquid epoxy resin was 18200 yuan / ton, up 2.86% in the week. As of last Friday, the negotiated price of liquid resin in East China was 18200-18600 yuan / ton, and that of solid epoxy resin was about 14500 yuan / ton. Within the week, resin cost support is still good, factory new single offer performance is firm.

In terms of installation, the solid resin plant in Huizhou Park in Huangshan area has not yet been fully recovered. In addition, the Shexian Industrial Park has stopped steam from 19 to 27, and the solid resin factory will face all the shutdown. The market supply is tight, and the factory mainly delivers the early orders, which leads to the rise of new orders of solid resin factory. On the downstream side, it mainly consumes the inventory of previous orders, and the majority of them are purchased on demand, and the follow-up volume of new orders is limited.

Raw material bisphenol a market went up, the market offer was mostly at 10000 yuan / T, the external sales volume of downstream orders delivered by the start-up factory was limited, and the current supply of goods from shippers was small, and the offer was driven by strong sentiment. The market opened higher this week. The short-term East China market offer is expected to remain at 10000 yuan / ton. The market price of raw material epichlorohydrin is about 9500-9800 yuan / T. in terms of plant, the production of 130000 T / a propylene process plant and 100000 t / a glycerine epichlorohydrin unit in Haixing, Jiangsu Province, was unstable last week. The products were not exported for the time being, so the market was low, and the factory’s offer was firm.

Zinc price trend

According to the data monitoring of business agency, since August, the price of zinc has been fluctuating and rising. Before August 20, the price of zinc did not fall continuously in August. But 21 and 24 consecutive trading days of zinc prices fell, what does the zinc market foretell, whether the future market of zinc market can continue to rise?

From January to June 2020, the global zinc market will have an excess supply of 177000 tons

According to the report released by the world Bureau of Metal Statistics (WBMs), from January to June 2020, the global zinc market was oversupplied by 177000 tons, while in the whole year of 2019, there was a shortage of 74000 tons. During the period from January to June, inventory increased by 149000 tons, including a net increase of 70000 tons in Shanghai. From January to June, LME inventory increased to 71000 tons higher than that in December 2019. Affected by the epidemic situation, the global zinc market demand has declined seriously, and the inventory has increased significantly. The zinc market has insufficient upward momentum and great downward pressure.

LME market inventory

As of August 24, the zinc ingot inventory in LME market was 225075 tons, which was significantly higher than 188050 tons at the beginning of the month (August 1). The serious overstocking of zinc ingot in the international market affects the further rise of zinc price in the international market, thus hindering the rise of domestic zinc market, which is unfavorable to the domestic zinc price.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, said: from the statistical data, we can see that the global zinc market is seriously overstocked, and the supply of zinc ingots in the international market is seriously oversupply, which is bad for the domestic zinc market. With the resumption of production and work in the global economy, the demand for zinc market is getting warmer, and the price of zinc has an upward momentum. However, the backlog of zinc ingot inventory in the first half of the year will be listed on the market, which has a negative impact on the price of zinc, and there is insufficient support for the rise of zinc market. It is expected that the future zinc market will be stable.

1、 Price trend

According to the data from the business club’s bulk list, the price trend of cryolite market this week was stable, with the average price of 5833.33 yuan / ton in Henan during the week, which was flat compared with last weekend and decreased by 7.89% compared with last year. On August 23, cryolite commodity index was 70.85, flat with yesterday, down 30.00% from 101.21 (2011-10-31), and 6.78% higher than 66.35, the lowest point on September 05, 2016. (Note: period refers to 2011-09-01 to now).

2、 Market analysis

This week, the domestic cryolite price trend is stable, and the quotations of various enterprises are stable. As of the 21st, the ex factory quotation of cryolite in Shandong is 5000-6800 yuan / ton, and that in Henan is 5300-6200 yuan / ton. The cryolite enterprises in Henan Province started normal operation, had sufficient inventory, stable quotation, and mostly sold by order. At present, the production of Zhengzhou Tianrui grain Co., Ltd. is 30000 tons / year, and the plant is about 70% of the total capacity. Jiaozuo Minli Industrial Co., Ltd. has a full load, normal start-up and sufficient supply; Zibo Kunyu industry and Trade Co., Ltd. has a normal annual production capacity of 40000 tons of cryolite. The plant is in normal operation with normal inventory, stable sales and no parking plan.

In terms of upstream fluorite, the average domestic market price was 2661.11 yuan / ton at the weekend, down 1.03% from 2688.89 yuan / ton at the end of last week. At present, the domestic fluorite manufacturers are operating normally, the on-site supply is sufficient, the downstream hydrofluoric acid and refrigerant market is weak, and the domestic fluorite market is expected to continue to decline. In terms of downstream electrolytic aluminum, the price trend continued to rise this week, with an offer of 14843.33 yuan / ton at the weekend, with an increase of 2.82% within the week. The market supply increased and the downstream demand was optimistic. At present, the social inventory of electrolytic aluminum continued to move downward. Under the performance of supply and demand, the market is expected to be stronger in the later period.

3、 Future forecast

Cryolite analysts from the business agency believe that: at present, cryolite manufacturers are operating normally, with sufficient inventory, and most enterprises sell according to orders. There is no obvious fluctuation in demand. It is expected that the cryolite market will decline slightly in the later stage, and pay attention to the market demand.

This week (8.14-20) dimethyl ether market again to meet the upward situation, although the range is not large, but due to the inventory pressure and other favorable conditions, the trend is relatively strong. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on August 14 was 2246.67 yuan / ton, and that on August 21 was 2290.00 yuan / ton, an increase of 1.93% in the week and a decrease of 3.24% compared with August 1.

Regional specification date mainstream quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2280 yuan / ton on August 20

Mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, 2250 yuan / ton on August 20

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% August 20 2220-2320 yuan / ton

On Tuesday, the methyl ether Market was facing the upward situation again. Although there was not much positive this week, due to the majority of manufacturers’ inventory under control, the willingness to support the price was more obvious. During the week, the rise and fall of the civil gas market of liquefied petroleum gas (LPG) were mixed, and most of the civil gas in Shandong Province fell in a weak position, which played a negative role in the market. Under the influence of high temperature weather, the terminal demand needs to be improved, and the downstream needs to be supplemented as needed, so the enthusiasm for entering the market is general. The market was still bearish, with a narrow decline at the beginning of the week. However, due to the impact of floods in Southwest China, some enterprises were forced to stop their cars, and the market supply was reduced, which obviously supported the market. The inventory of manufacturers was pushed up without pressure. Taking Henan xinlianxin as an example, the price of xinlianxin increased by 30 yuan / ton on the 18th and 19th day, and increased by 20 yuan / ton on the 20th day. The ex factory price increased from 2260 yuan / ton to 2310 yuan / ton within three days. Downstream buying up mentality, the enthusiasm to enter the market has been improved, manufacturers to ship smoothly, a strong mentality.

The domestic market of upstream methanol was up and down, but mostly lower. Among them, the price of methanol in Shandong Province decreased steadily, while that in Henan Province decreased in a narrow range. The main offer price of methanol market in southern Shandong Province temporarily stabilized at around RMB 1540-1550 / t spot exchange, Linyi received the local mainstream offer to 1530 yuan / T and delivered it without tax, and the part of logistics goods offered was 1510 yuan / ton. Most of the downstream enterprises wait and see, the market transaction is general. The market of LPG for civil use in Shandong Province was weak. Due to the rising price in the early stage and the increasing resistance in the downstream, the enthusiasm for entering the market was obviously weakened, and more delisting and waiting-and-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-year-old-year-old. The benefits to dimethyl ether are limited.

Although it is still in the traditional off-season in August, the weather is cooling down obviously, the terminal demand is expected to be improved, and most manufacturers’ inventory is operating at a low level, which supports the market obviously. Although the civil gas market is temporarily weak, it is still likely to rise in the future. It is expected that the DME market will consolidate in a narrow range in the short term, and there is still room for growth in the long run.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the domestic sodium pyrosulfite price continued to rise slightly from the bottom this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1693.33 yuan / ton, and that at the weekend was 1693.33 yuan / ton, with a rise and fall of 0.

2、 Market analysis

This week, the overall market performance of sodium metabisulfite has recovered. The price range of industrial sodium pyrosulfite is 1300-1500 yuan / ton, and most of the prices are around 1400 yuan / ton. The production of the enterprise is relatively stable, mainly to complete the orders of old customers, and the increase of new orders is limited. The price of sodium metabisulfite market continued to pick up this week, with the average price on August 21 rising by 2.41% compared with the beginning of the month. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

Since the beginning of August, the price of soda ash in the upstream has continued to rise by 8.97%, the price of sulfur has increased by 18.32%, the cost of raw materials has continued to rise, and the processing cost has continued to rise, which has led to the rise of the ex factory price of sodium metabisulfite.

3、 Future forecast

Business agency analysts believe that, supported by the cost of raw materials, the market price of sodium pyrosulfite still has some room for recovery in the short term.