1、 Price trend

2、 Market analysis

According to the data of the business agency, the price of potassium sulfate 50 granules was 2725 yuan / ton at the beginning of June, and 2675 yuan / ton at the end of the month, which was 12.73% lower than that in 2019. The overall operation of potassium sulfate market this month is stable. The operating rate of Mannheim potassium sulfate industry is as high as 75%, and the highest value in some regions is 80%, which is the highest value in recent years. The market of Manheim 52% water soluble powder is better than other products. The price of potassium sulfate in the water salt system is relatively stable this month. Since the end of April, the State Investment Corporation luok has entered the stage of routine summer shutdown and maintenance. It is tentatively scheduled to resume production before the end of September. This summer overhaul lasts for or as long as five months, which also provides a certain support for the price.

At present, the agricultural demand of domestic potash fertilizer market enters the off-season, and the demand continues to be light. According to the Convention, the price of potash fertilizer will enter the low-level operation state in summer. Upstream potassium chloride market has been at a low level in June, has basically bottomed out. Downstream compound fertilizer has also been in a weak position, dealers mainly wait-and-see, market waiting for autumn fertilizer policy.

3、 Future forecast

Potassium sulfate analysts of the business club believe: at present, the overall pressure of potassium sulfate manufacturers is not big, enterprises have no inventory pressure, and the end of tobacco potassium sulfate bidding in 2020 will also bring good information to the market. It is expected that in the short term in the future, the market will be stable and some minor key will be given priority to.

According to the monitoring of the business agency: since June, the hydrogen peroxide terminal papermaking and printing industry has warmed up. Hexanolamide enterprises have high purchasing enthusiasm, and rigid demand has increased. The price of hydrogen peroxide has been rising all the way. As of July 1, the price of hydrogen peroxide is still rising. 27.5% of the average market price of hydrogen peroxide has broken through the 1000 yuan mark, which has increased by 33.91% compared with the beginning of June.

According to the monthly up and down chart of hydrogen peroxide from January 2019 to June 2020, it can be seen that the period from February to may in 2019 is the period of hydrogen peroxide’s great rise. On the contrary, hydrogen peroxide falls by more than 20% in June, and hydrogen peroxide is the highest annual increase of nearly 40% in August.

Hydrogen peroxide has been declining from February to may in 2020, with a decrease of more than 18% in February and a decrease of more than 10% in April. In June, hydrogen peroxide rose 32.19%, close to the highest increase of hydrogen peroxide in 2019.

Let’s make a specific analysis of the reasons for the sharp rise of hydrogen peroxide in June 2020

At the beginning of June, the terminal opened the stock market, all efforts were made, caprolactam manufacturers centralized procurement, sulfur dioxide urea customer purchase orders increased, Chenming Paper and Cangzhou Xuyang successively purchased, and rigid demand increased. In addition, on June 9, the hydrogen peroxide manufacturer, Dezhou Shihua, stopped for maintenance, and the supply was tight. The hydrogen peroxide manufacturers raised their prices one after another, and the mainstream price rose by 60-80 yuan / ton.

Hangzhou Mingxin hydrogen peroxide Co., Ltd. has shut down the hydrogen peroxide plant for maintenance in the middle and late June of some enterprises, and Binhua will also carry out the shutdown maintenance at the end of the month. Hydrogen peroxide terminal caprolactam manufacturers, sulfur dioxide urea customers, paper industry purchase orders for hydrogen peroxide increased, supply was tight, hydrogen peroxide price ex factory price continued to rise for four consecutive weeks, with weekly increase of 50-100 yuan / ton.

Throughout June, the price of hydrogen peroxide continued to rise, with an average market price of more than 1000 yuan / ton, with an increase of more than 30% stimulated by the increasing demand of terminal paper industry and caprolactam

On July 1, Hongye, Chenming, Xuyang and other paper industries were still purchasing strongly. The purchasing demand of caprolactam enterprises in Hebei Province continued to increase. The manufacturers of hydrogen peroxide were still raising their ex factory prices. Compared with the beginning of June, the price of hydrogen peroxide rose 33.91%.

Hydrogen peroxide analysts of the business agency believe that: the purchasing demand of terminal paper industry and caprolactam enterprises is supported, and the supply of hydrogen peroxide manufacturers is tight, there is still room for hydrogen peroxide to rise in July, and the expected increase may not be as big as that in June. After all, the increase of hydrogen peroxide in June is close to the highest monthly increase in 2019.

1、 Trend analysis

In the first half of 2020, the nickel price first fell and then rose. According to the data of the business association, in 2020, the nickel price was 113733.33 yuan / ton at the beginning of the year, and 103033.33 yuan / ton in the middle of the year, a decrease of 9.41% and a year-on-year decrease of 7.99%. The highest point in the first half of the year was 114983.33 yuan / ton on January 13, and the lowest point was 92116.67 yuan / ton on March 19, with an earthquake amplitude of 24.82%.

According to the current nickel comparison chart of the business community, the current trend of nickel in 2020 is basically the same, and most of the time, the spot price is higher than the main contract price. Near the middle of the year, the main basis is positive, which is bad for buying hedging.

2、 Market analysis

Shock drop (from January to late March): from January to March, due to the impact of the epidemic, domestic production and return to work were slow, and enterprises almost stagnated. In particular, the demand for downstream civil areas of terminals was obviously affected by the epidemic situation of coronavirus infection, including stainless steel products (building, decoration, tableware, equipment), electroplating (automobile and sanitary ware), battery (automobile, 3C digital), resulting in nickel price of 1 Fall again.

After a slight rebound (from late March to June) after entering the second quarter, with the resumption of production of domestic enterprises, Philippine nickel ore decreased, and the reduction in supply was more clear than that in the earlier period. The spot price of nickel pig iron stopped falling and became firm. Due to the improvement of consumption and the contraction of some supply links, the balance of supply and demand was greatly improved compared with the first quarter, and a small amount of warehouse removal could be realized, but the downstream was not rusty Due to inventory pressure, the price of steel is difficult to improve, and stainless steel plants are reluctant to reduce production significantly, which hinders the rebound momentum of nickel price, and nickel price rebound is relatively slow.

Import volume of nickel ore and concentrate from January to may 2020 (10000 tons)

Total of January February March April May

The import volume of nickel ore and its concentrate (10000 tons) 283.86153.72161 133.7168616.493

Compared with the previous year, 18.34% 40.91% – 42.30% – 65.80% 24.83% – 24.02%

As shown in the table above, China’s total import of nickel ore from January to may in 2020 is about 6.16493 million tons, a decrease of 24.02% year-on-year. As the first year of Indonesia’s complete ban on nickel ore export, domestic nickel ore import was affected. In addition, due to the epidemic situation, nickel ore from the Philippines was also suspended from shipment. The import volume of China’s two major laterite nickel ore importing countries dropped sharply, and the total domestic nickel mine import fell sharply. According to the data of the General Administration of customs, China’s import of nickel ores and concentrates in May was 1680734 tons, up 24.83% month on month and down 67.6% year on year. Among them, the Philippines is the largest supplier of China’s nickel ores and concentrates. China’s import volume from the Philippines in May was 1342841 tons, an increase of 22.4% month on month and a decrease of 60% year-on-year.

Trend of downstream stainless steel

According to the price monitoring of the business agency, in the first half of 2020, stainless steel will be restrained first and then increased, and then slightly weakened. At the beginning of the year, the stainless steel price was 13366.67 yuan / ton, with a small and medium-sized drop of 8.48% to 12233.33 yuan / ton. The lowest price in the year was 11358 yuan / ton on April 9, and the highest price was 12575 yuan / ton on May 13, with an earthquake amplitude of 10.71%. Affected by the epidemic situation, the stainless steel market was almost stagnant until March. However, the output of stainless steel plants was still low in March, and the surplus supply of nickel pig iron was still obvious. Although the delivery of stainless steel was improved, the trend of accumulating stock has not stopped due to the large amount of overstocked goods in the early stage. In the second quarter, due to inventory pressure, the price of stainless steel was difficult to improve, and stainless steel factories were unwilling to reduce production significantly. On the surface, there was support for nickel demand. However, in this consumption that could not be transmitted to the terminal, it was difficult for stainless steel prices to rise.

Domestic import of nickel pig iron increased greatly

Due to the continuous shortage of nickel ore supply, the import volume of domestic nickel pig iron increased greatly. With the continuous production of local NPI projects in Indonesia, the shortage of nickel ore supply will be made up by Indonesian ferronickel. In 2020, the increment of Indonesia’s NPI will make up for China’s reduction, and the total amount will maintain growth, but the growth rate will drop to 15%. From January to June 2020, Indonesia’s cumulative output of ferronickel is 254200 tons, while that of China is 249900 tons. Indonesia’s output has been reversed and become the largest producer of ferronickel. In addition, the output of stainless steel is basically stable and the demand changes little, so the supply of ferronickel will be relaxed again.

To sum up, although the supply of nickel ore is tight, but the supply of nickel pig iron is short. In the second half of 2020, the nickel basic surface is empty, the surplus of nickel pig iron exceeds the expectation, and the consumption side of pure nickel recovers slightly, and the overall surplus will still be partial. However, the low nickel price also has support. The imported laterite nickel ore price is high, and the stainless steel production is generally stable. Therefore, the nickel price in the second half of 2020 may be in the form of Now a small range of weak shocks.

In the first half of 2020, the domestic polyester filament market showed a downward trend as a whole, with polyester POY falling the most obviously, with a half year decline of 22.42%, followed by polyester FDY with a decrease of 20.99% and polyester DTY with a drop of 19.03%.

Average price rise and fall of polyester filament Market from January to June 2020, unit: yuan / ton

Products rise and fall from January 1, 2020 to June 30, 2020

Polyester POY (150D / 48F) 7144 5542 – 22.42% – 33.99%

Polyester FDY (150D / 96F) 7623 6023 – 20.99% – 31.98%

Polyester DTY (150D / 48F low elasticity) 8832 7151 – 19.03% – 27.95%

The first stage: from January to the first ten days of February, some factories in the traditional Spring Festival holiday entered the traditional Spring Festival maintenance state. At the same time, due to the spread of health emergencies, downstream production enterprises stopped work and logistics stagnated, and the demand side entered a “vacuum period”. Especially from mid February, the price of polyester POY (150D / 48F) fell to April 2, and the average market price was 4844 yuan/ Tons, the lowest price in nearly 10 years, down 63.42%.

The second stage: the Qingming holiday polyester filament downstream ushered in a wave of historical bottom reading, the factory went to the warehouse substantially, the inventory pressure eased, the enthusiasm for production was improved, so the price also ushered in a wavelet rebound. However, it is a pity that during the period from mid April to the end of April, due to the sharp drop of crude oil price and the negative value, the panic state of downstream completely covered up speculative purchasing, and the cost of polyester filament fell and the inventory was under pressure, so the price fell again.

The third stage: since the end of April, the price of polyester filament is getting warmer, which is mainly due to the rising demand for domestic polyester protective clothing, which leads to the downstream purchasing wave. At the same time, the price of crude oil market shows a fluctuating and rising pattern, and the cost side also forms a certain support. However, due to the domestic traditional off-season superimposed on the light export, the downstream weaving enterprises are nervous about the cash flow, and the purchasing tends to be rational gradually. The demand is low, and the continuous decline begins in mid June.

Commissioning of new domestic polyester plants in the first half of 2020, unit: 10000 tons

Company name production capacity supporting products launch time

Nantong Hengke 10 polyester filament cation, January 1, 2020

Hengyi Haining new material 25 polyester filament POY February 23, 2020

Wankai (Chongqing) 60 polyester bottle tablet, March 25, 2020

Jiaxing Yipeng 25 polyester filament, March 31, 2020

Dalian Yisheng 30 polyester bottle piece, April 3, 2020

Xinfengming Zhongyi 30 polyester filament, April 9, 2020

Nantong Hengke 10 full dull polyester filament, April 30, 2020

Lixin chemical fiber 3 polyester polyamide, May 23, 2020

Wuxi Huaya 20 polyester chip, May 28, 2020

Eason Hainan 50 polyester bottle tablet, June 9, 2020

Fujian Yijin 10 polyester staple fiber, polyester chip, June 10, 2020

Ganghong fiber (Shenghong) 20 full dull polyester filament, June 20, 2020

Total 293

In terms of production capacity, under the background of continuous low market level, the growth rate of new production capacity of polyester and polyester filament in the same period in the first half of 2020 has increased significantly. The total new production capacity of domestic polyester is 2.93 million tons, including 1.2 million tons of polyester filament, accounting for 41% of the total new production of polyester. In comparison, the new production of domestic polyester in 2019 totaled 1.37 million tons, of which the new production of polyester filament was 530000 tons, accounting for 38.7% of the total new production of polyester in that year. From the perspective of long-term strategy of the industry, domestic pet leading enterprises still “go against the trend” and successively implement the previous production plan. First, accelerate the industrial layout of refining and chemical polyester integration, have strong capital and risk control ability, expand the enterprise capacity through their own enterprise strength, further improve the industry share, and squeeze the survival space of small and medium-sized enterprises; secondly, most of the products put into production are poor Alienated unconventional products enrich our own production line.

In the first half of 2020, the trend of polyester operating load is first down and then up, and then gradually returns to the normal level in a small fluctuation. After the traditional Spring Festival holidays and the spread of health emergencies, under the pressure of high storage, factories have implemented production reduction, and the operating load once dropped to a historical low near 6. Then, with the downstream weaving enterprises returning to work and the partial recovery of logistics, the demand port was released, which further promoted the start-up load of polyester filament. And under the background of inventory decompression and high production in the downstream of Qingming, the production enthusiasm of the factory has been continuously improved, and the current total start-up has reached a high level of more than 86%.

The PTA Market of raw materials fell first and then rose. As of June 30, the average market price was 3617 yuan / ton, down 27.35% compared with the beginning of the year, and 43.18% lower than the same period of the year. In the first stage, crude oil prices showed a cliff like decline under public safety and health events. Affected by this, PTA continued to decline and fell to 3068 yuan / T on April 22, breaking a new record low. Especially in February, due to limited transportation and insufficient demand, PTA inventory has accumulated significantly, reaching nearly 1 million tons in the current month. Entering the second stage, although the pressure of supply and demand continues to accumulate, and the social inventory has been maintained at more than 3.7 million tons since April, with the strengthening of crude oil, the cost side has shown favorable support, and the overall narrow range of upward.

In the downstream terminal textile and weaving Market, affected by the Spring Festival holiday, the start-up rate of Jiangsu and Zhejiang looms dropped to around 0.6% in early February. With the enterprises gradually returning to work, the demand rose to around 70% in the middle of March. The demand recovered slowly, and the order follow-up was insufficient, leading to many weaving manufacturers starting to reduce the burden and production to 40%. Entering may, the order situation is only partially improved, and the overall market trend is still unclear. In June, the atmosphere of the off-season gradually deepened, and it was even more difficult when it was in the off-season of a special year. The demand was sluggish and the transaction was light, falling to around 60%. At present, the conventional products are unsalable, there is no bright spot in the market, and the products are difficult to be transported, which leads to the weaving manufacturers to enter the cumulative inventory cycle. Judging from the current market situation, domestic trade competition is fierce, foreign trade recovery is difficult, weaving manufacturers will continue to accumulate inventory, if there is no substantial change in the future market, the starting rate of manufacturers may further decline. At present, there are about 43 days of cloth warehouse in Jiangsu and Zhejiang, about 41 days in the same period last year, and only about 25 days in the same period in 2018.

According to the latest statistics of the General Administration of Customs of China, in May 2020, China’s textile and clothing export volume was 29.554 billion US dollars, with a month on month increase of 38.36%. Among them, the export volume of clothing (including clothing and clothing accessories) was 8.905.7 billion US dollars, a year-on-year decrease of 26.93%. From January to May of 2020, China’s textile and clothing exports amounted to US $97.965 billion, a year-on-year decrease of 0.80%. Among them, the cumulative export volume of clothing was 38.213 billion US dollars, a year-on-year decrease of 22.80%.

Xia Ting, an analyst at the business agency, believes that the current crude oil production is in a period of reduction, forming a certain support. However, for PTA, the inventory is still at a high level, which is not enough to reverse the industry pattern of surplus supply and demand of PTA in the medium and long term. The current situation of high inventory is difficult to resolve, and the future PTA market is likely to weaken. At the same time, in the short term, the traditional off-season characteristics of textile terminal are more and more obvious, domestic demand is low, and it is difficult to make a breakthrough in export sales. Adding new devices to meet production, it is more likely that the price of polyester filament will fluctuate downward in the second half of the year.

1、 Price trend

The average price of TDI market in East China on the 30th was 10566.67 yuan / ton, down 1.83% compared with yesterday and 4.80% lower than that of last month, according to the data from the bulk list of business associations. On June 30, the TDI commodity index was 55.91, down 1.06 points compared with yesterday, 77.46% lower than 248.02 points (2016-10-19), and 6.37% higher than the lowest point of 52.56 points on May 5, 2020. (Note: period refers to 2011-09-01 to now).

2、 Market analysis

The domestic market continued to be weak, and the decline was obvious. On the 29th, dealers’ quotations were adjusted downward. The profits in the market were hard to find, and the bearish mood spread. The downstream was in the traditional off-season, and the inquiry enthusiasm was not good. The on-the-spot trading was rarely heard, and the wait-and-see attitude was the main attitude. At present, the market in East China is weak and plummeting. There is no lack of bottom reading intention in the downstream, and the transaction is not smooth. As of 30 days, the quotation of domestic goods with bill of lading in East China is 9800-10200 yuan / ton, and that of Shanghai goods is 10300-10400 yuan / ton.

On the upstream side, the price of toluene has been sorted down, the demand is general, the trading atmosphere is not active, the overall digestion of early inventory, the market trading atmosphere is weak, a small amount of just need to replenish. Considering the impact of the global economic recession on crude oil demand and the trend of international crude oil, the domestic toluene market price is expected to be stable in the short term.

3、 Future forecast

According to the analysis of the Data Engineer of the business agency, the domestic TDI market is weakening as a whole, and the profits in the market are hard to find. The downstream market mainly digests the inventory. The enthusiasm for inquiry in the market is weak, the trading resistance is large, and the market has no quantity and empty fall. It is expected that the domestic TDI market will remain weak in the future and pay attention to the market trading situation.

1、 Price trend

In June, the market of refrigerant R22 was stable and upward. According to the price monitoring of the business association, the average price of refrigerant R22 on June 29 was 16000 yuan / ton, up 7.87% compared with the beginning of June, and decreased by 11.93% compared with the same period last year.

2、 Market analysis

In June, refrigerant R22 continued to rise, the trading focus continued to move up, and there was no intention of callback. This month’s rise is mainly supported by many favorable factors: first, the market of hydrofluoric acid and chloroform is rising, and the cost side support is strong; secondly, the quota of refrigerant R22 manufacturers is continuously reduced, and the on-site supply is not much, and traders’ confidence in hoarding goods is enhanced; thirdly, the market sentiment is high, because the price of refrigerant R22 drops sharply in the early stage, drops to a low level, and the manufacturers’ sentiment of supporting prices is high, which leads to the rapid development of refrigerant R22 Pull up. At present, the terminal demand is not followed up enough, the export has been poor, and the domestic demand has not reached the expectation, which is difficult to boost the market. However, there is no big contradiction between the supply and demand pattern. With the improvement of the export situation in the future market and the recovery of the after-sales market, the industry is optimistic. According to the price monitoring of the business association, as of June 29, the average price of refrigerant R22 was 16000 yuan / ton. In the vicinity, the market price was mainly around 15000 yuan / ton – 17000 yuan / ton, and the price was still high.

In June, the market price of methane chloride in Shandong increased. Near the end of the month, the mainstream quotation of dichloromethane market was about 2100-2300 yuan / ton, and that of chloroform market was about 2000 yuan / ton. At present, the market is mainly consolidation, the trading situation in the industry is general, the spot supply in the market is fair, and the industry has a strong wait-and-see atmosphere.

Since June, the domestic hydrofluoric acid market price has experienced a short-term rise, but the market price has remained low in the late stage. The good support for the price rise of hydrofluoric acid is the rising price of raw material fluorite. Recently, there is still an intention of supporting the price of fluorite in the field. However, the refrigerant industry has not significantly improved. For the hydrofluoric acid market, the main price of domestic anhydrous hydrofluoric acid manufacturers is 850 0-9000 yuan / ton. The factory price of the domestic hydrofluoric acid manufacturers is generally low. The supply of goods in the field is normal, which is driven by the rising price of fluorite. However, the demand of the downstream refrigerant industry is not good, and the on-site procurement is mainly based on demand. It is expected that the on-site price will continue to rise slightly in the future.

3、 Future forecast

Refrigerant analysts of the business agency believe that R22 continued to rise in June due to the favorable support. At present, the manufacturers still have a high price supporting sentiment and have no intention to lower the price. Affected by the demand, the refrigerant R22 is expected to stabilize in the short term, but the future market is still optimistic.

With the increase of rainfall, the demand of terminal market is not enough to boost, and the operating rate of refineries remains high, and the supply of refined oil is sufficient. The domestic gasoline and diesel prices continue to decline in the middle and late June. According to the monitoring data of the business agency, domestic gasoline and diesel prices fell by 3.96% and 5.29% respectively in the middle and late June.

On the demand side, the demand for gasoline was not good enough. For gasoline, rainstorm weather occurred in some parts of the south, and there were signs of flooding. The northern region also had frequent rainfall, and the demand for gasoline was reduced due to the impact of rainfall. In terms of diesel, the traditional rigid demand industries such as engineering, infrastructure construction and mining still support the market. However, rainstorms in the South and domestic epidemic situation occurred in a small range, and the activity of logistics and transportation industry declined, so the demand for diesel oil was very weak.

In June, the operating rate of domestic refineries remained at a high level, with the operating rate of main refineries rising to about 71%, and that of Shandong local refineries rising to 76%. The domestic gasoline and diesel supply was sufficient. In April, the apparent consumption of refined oil was 27.74 million tons, with a year-on-year increase of 2.1%, including a year-on-year increase of 4.53% for gasoline and 13.4% for diesel.

In late June, the “floor price” of US $40 / barrel rose, and three months later, the domestic refined oil ushered in an upward adjustment. At 24:00 on June 28, the highest retail prices of domestic gasoline and diesel were increased by 120 yuan / ton and 110 yuan / ton respectively. However, the international oil price fell for consecutive days at the end of the month, and the WTI crude oil futures price fell below 38 US dollars / barrel. The benefits brought by the price adjustment of refined oil were offset, and the wait-and-see sentiment in the downstream market was revived.

Lu Xingjun, an oil product analyst at the business club, believes that: at present, OPEC + production reduction continues to support the bottom oil price, but the foreign new crown epidemic situation is still relatively serious, the international oil price will remain at about $40 / barrel, and the domestic oil product supply is sufficient, it is expected that the domestic oil product price will continue to decline under pressure in the short term.

The international crude oil price fell for two days, while the domestic gasoline price declined slightly, and the MTBE market was not favorable, so the MTBE price started a downward trend. According to the data of the business agency, the price of MTBE on June 29 was 3816 yuan / ton, down 2.97% from the price on June 23.

In late June, the “floor price” of US $40 / barrel rose, and three months later, the domestic refined oil ushered in an upward adjustment. At 24:00 on June 28, the highest retail prices of domestic gasoline and diesel were increased by 120 yuan / ton and 110 yuan / ton respectively. However, the international oil price continued to fall in the past two days, and the WTI crude oil futures price fell below $38 / barrel. The benefits brought by the price adjustment of refined oil were offset, and the wait-and-see sentiment in the downstream market was revived.

From the middle of June, rainstorm weather appeared in some parts of the south, and there were signs of flood. The northern region also had frequent rainfall, and the demand for gasoline was reduced due to the impact of rainfall. According to the monitoring data of business agency, the domestic gasoline price has dropped by 3.96% in the middle and late June.

Due to the lack of good news support in MTBE market, downstream replenishment is more on demand. In addition, crude oil and gasoline prices are falling, so refinery gasoline raw material purchasing intention is weakened, and MTBE manufacturers in some regions tentatively reduce their shipment slightly.

According to MTBE product analysts of energy branch of business agency, international crude oil prices continue to be under pressure, while domestic gasoline prices continue to fall under pressure in the short term, coupled with the weakening of gasoline demand. It is expected that the market price of MTBE will continue to decline in the near future.

According to the price monitoring of the business agency, the overall price of lithium carbonate in East China showed a downward trend in June, while the prices of industrial carbon and electric carbon were still at a low level. As of June 29, the average price of industrial grade lithium carbonate in East China was 39440 yuan / ton, which was 760 yuan / ton lower than that at the beginning of the month (the average price of industrial carbon in East China was 40200 yuan / ton on June 1), down 1.89%. On June 29, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which was increased by 200 yuan / ton or 0.45% compared with the average price at the beginning of the month (June 1: the average price of carbon in East China was 44000 yuan / ton).

According to the observation of market changes, the market price of lithium carbonate decreased slightly in the first ten days of June. Due to the sufficient supply, the sluggish downstream demand, the prominent contradiction between supply and demand in the market, and the sluggish market trading, the price fell under pressure. By the end of June, the transaction situation of lithium carbonate market was still relatively cold. Due to the slight recovery of lithium iron phosphate market demand and the low operating rate of ternary materials, the market transaction was difficult, so the price of lithium carbonate went down further. However, there was a slight rebound in the price of battery grade lithium carbonate in the first ten days of June, which made the price of battery grade lithium carbonate still showed an upward trend.

The downstream market price of lithium hydroxide ran smoothly in the first ten days of June. The demand for power type lithium iron phosphate was weak, and it operated under pressure. Due to the slow recovery of the ride market, lithium iron phosphate was in a weak position. From the perspective of market development in late June, the downstream terminal is still pushing down the price. Downstream purchasing enterprises intend to transmit the cost pressure to the upstream, which makes the price of lithium carbonate still under pressure. This month, the comprehensive price of industrial grade lithium carbonate is between 35000 yuan / ton and 45000 yuan / ton, and the comprehensive price of battery grade lithium carbonate is between 45000 yuan / ton and 48000 yuan / ton.

According to the lithium carbonate analysts of the business club, the current lithium carbonate market is still in a relatively weak state. The operating rate of the downstream market recovers slowly, which has a certain impact on the market demand. The inflow of imported lithium carbonate also has a certain impact on the domestic market. It is expected that the price puzzle of lithium carbonate market will continue in the short term.

On the 29th, the average domestic spot price of gold was 397.78 yuan / g, up 0.21% from 396.95 yuan / G on the 24th, and 16.13% higher than that at the beginning of the year (01.01).

On the 29th, the domestic spot price of silver was 4291.33 yuan / kg, down 0.01% from 4191.67 yuan / kg on the 24th, and was 2.54% lower than that at the beginning of the year (01.01).

The current price of precious metal gold is around 400 yuan / g, which is relatively high. Affected by the epidemic situation, the actual demand for gold is relatively low, but the investment demand is surging. The resistance level of 400 is relatively strong. In the later stage, we will wait and see the interest rate policies of central banks, US dollar liquidity, inflation expectations and changes in the epidemic situation.