1、 Acrylic acid price trend

Figure: P value curve of acrylic acid products

2、 Market analysis

Since July, the market of acrylic acid has declined. According to the data of the business club’s bulk list, the average price of acrylic acid quoted in East China as of July 21 was 7083.33 yuan / ton, which was 8.01% lower than that on July 1 (7700 yuan / ton), 13.27% lower than that on June 21 (8166.67 yuan / ton), and 11.46% lower than that of the same period of three months.

In the first ten days of July, the average price of acrylic acid in East China was 7700 yuan / ton on 1 January. The price of raw material propylene was high and the cost was under pressure. On the second day, some enterprises adjusted their quotations, and the low-end price of the market was raised slightly. The price remained stable after rising to 7733.33 yuan / T. on the 9th, the price of acrylic acid rose to 7766.67 yuan / ton. On the 10th, the price of raw material propylene was high and the market of acrylic acid was high The average price of acrylic acid in East China was 7266.67 yuan / ton, and the price of acrylic acid in the first ten days of July was – 5.63%.

In the middle of July, the average quotation price of acrylic acid in East China was 7266.67 yuan / ton on July 11. On the 13th, the price of raw material propylene went down, the supply and demand of acrylic acid was relatively balanced, and the market was mainly stable. On the 16th, the raw material propylene was in a weak position, and the downstream demand was limited. The acrylic acid market was put into operation. The price of acrylic acid was slightly reduced to 7233.33 yuan / T, and then stabilized. On the 20th, the price of raw material propylene began to rise, but the downstream propylene price began to rise The overall demand follow-up was not as expected, mainly purchasing on demand, and the market consolidation was narrow. The average quotation price of acrylic acid in East China was 7083.33 yuan / T, and the price of acrylic acid was – 2.52% in mid July.

According to the data monitoring of the business agency, the price of acrylic acid of some enterprises in recent years (for reference only, the actual transaction price is mainly negotiated)

Enterprise market price specification date

Jinan Mingwei Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: July 21, 2020

Jinan jinrihe Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: July 21, 2020

Jinan aochen Chemical Co., Ltd. 7200 yuan / T, line standard: common acid; grade: superior product: July 20, 2020

Jinan aochen Chemical Co., Ltd. 9700 yuan / T refined acid, 99.7% content, 2020-07-20

Jinan Yuanxiang Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: July 20, 2020

On July 20, the market price of upstream propylene in Shandong began to rise. According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 10 and 11, the price has been roughly flat. Since the 12th, the price has declined for a second time, and now it has declined by 150-200 yuan / ton. Since the 17th, it has been basically stable again. On the 19th, some enterprises have risen slightly. Today, most enterprises have begun to adjust. The market transaction has reached 6700-7000 yuan / ton, which is the mainstream price About 6750 yuan / ton. At present, the inventory of propylene manufacturers is general, the crude oil price is slightly cold, the overall downstream market operating rate is acceptable, and the downstream purchasing enthusiasm is weak, and the market trading is stable. Although the current propylene price is still slightly away from the lower limit of the recent propylene shock range, it has been stable for a long time, and part of the price difference has been digested. Therefore, it is expected that the propylene price will continue to rise in the near future, which has a good support for acrylic acid.

3、 Future forecast

Acrylic acid analysts from the business community believe that at present, the price of raw material propylene is rising, and the cost support is strengthened, but the downstream demand is flat, the market trading atmosphere is general, and the industry is in a strong wait-and-see mood. It is expected that the acrylic acid market will be stable in the short term.

1、 Price trend

According to the data monitoring of the business agency, as of July 21, the market reference average price of 30% grade phosphate ore was 380 yuan / ton, which was basically stable compared with last week; compared with the price on the first day of the month, the average price was reduced by 6 yuan / ton, down 1.72%.

In the off-season, the phosphate ore market is mainly in light and stable operation, and individual mining enterprises reduce their quotations

From the beginning of July to now, except for a few Guizhou phosphate ore enterprises which have lowered the quotation for low and medium grade phosphate ore, the phosphate ore market in other parts of China is mainly weak and stable, and the downstream demand performance is general. Enterprises focus on delivering early orders, and the number of new orders is not large, so they mainly wait and see the market. At present, as of July 21, the market of phosphate ore in Guizhou is mainly stable. According to the data monitoring of business agency, the mainstream reference quotation of 30% grade phosphate ore in Guizhou is 300-340 yuan / ton, the transaction price is slightly lower, and the low price is 280 yuan / ton, The quotation of some mining enterprises decreased slightly, among which the quotation of 30% grade phosphate ore in Xifeng Mining Co., Ltd. was reduced to 320 yuan / ton from 330 yuan / ton in the earlier stage. Hubei Province: the market of phosphate ore is running smoothly. 28% of the mainstream ex factory quotation of phosphate rock is around 360-380 yuan / ton, and that of 30% phosphate rock is 390-410 yuan / ton. Among them, the 28% grade phosphate rock in Liushugou, Hubei Province, is 370 yuan / ton. Guangxi: the phosphate ore market is running stably. The reference quotation of 30% grade phosphate ore mainstream freight plants is 330-360 yuan / ton, and that of 28% grade phosphate ore mainstream freight plants is 290-320 yuan / ton.

On the downstream side, the price of yellow phosphorus market rose as a whole last week, with a rapid rise, and the downstream purchasing heat increased, and the market transaction situation was good. Since this week, downstream orders have been reduced, enterprises mainly supply orders in the early stage, and the yellow phosphorus market is temporarily stable. At present, the factory acceptance transaction of net phosphorus in Yunnan is around 14500 yuan / ton. The phosphoric acid market has maintained stable consolidation in the near future, with a small increase in some parts.

The phosphate ore analysts of the business club believe that in the off-season, the recent phosphate ore market is still weak and stable operation. Before the downstream demand is not improved in time, it is expected that the phosphorus ore market will have a significant change. Under the operation of maintaining stability and consolidation, there may still be a small price adjustment in some regions to prepare for the accumulated orders.

According to the statistics of the business agency, as of July 21, the price of nylon filament DTY in Jiangsu was 15366 yuan / ton, down 234 yuan / ton, 1.50%, 15.72% year-on-year; the price of nylon POY was 13080 yuan / ton, 180 yuan / ton, 1.36%, 16.90% year-on-year; the price of nylon FDY was 16150 yuan / ton, down 250 yuan / ton, 1.52%, 19.05% year-on-year 。 The pressure of raw material inventory increased, enterprises made more profits to ship, and the quotation of industrial chain products fell collectively.

At the end of June, nylon raw material end inventory generally increased, coupled with the background of the off-season, the speed of shipment slowed down. Inventory pressure is gradually emerging, the market is generally bearish, enterprises sell more profits. As of July 21, the average price of cyclohexanone in Shandong was 5683 yuan / ton, down 7.21% from the beginning of July; caprolactam was at 9600 yuan / T, down 7.69% from the beginning of July; PA6 was at 10933 yuan / T, down 10.38% from the beginning of July.

In July, the listed price of caprolactam was lowered several times. As of July 21, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was 8900 yuan / ton, which was 700 yuan / ton lower than that at the beginning of the month; the listing price of caprolactam liquid of Baling Petrochemical Company was 9800 yuan / ton, which was 1200 yuan / ton lower than the price at the beginning of the month. PA6 manufacturers are actively shipping and the price has been significantly reduced, but the downstream response is limited and the transaction atmosphere is general. It is expected that the short-term price will be under pressure. Nylon manufacturers cut prices at the same time, prices continue to fall in the middle of the year, or continue to bear pressure before the golden nine silver decade.

Business agency analysts believe that the raw material end of the shipment slowdown, inventory pressure, the strategy of profit and more sales put on the agenda. At present, most manufacturers just need to buy on bargain. It is expected that the price of raw materials will drop and stop to mobilize the downstream purchasing desire, and nylon filament will go down with the raw materials.

According to the price monitoring of the business agency, the market price of polyester filament began to fall in mid June, and the prices of various products continued to decline in July. Among them, the decline of polyester POY was 7.28%, followed by polyester FDY (- 6.73%) and polyester DTY (- 6.16%). At present, the price of polyester POY (150D / 48F) is 4900-5300 yuan / ton, FDY (150D / 96F) is 5450-5600 yuan / ton, and DTY (150D / 48F low elasticity) is 6300-6800 yuan / ton. Terminal textile industry entered the traditional off-season, raw material procurement enthusiasm is not high, the transaction atmosphere is general, the formation of drag on the price.

Average price rise and fall of polyester filament Market from July 1 to July 20, unit: yuan / ton

Products rise and fall from July 1, 2020 to July 20, 2020

Polyester POY (150D / 48F) 5492 5092 – 7.28% – 38.47%

Polyester FDY (150D / 96F) 5921 5523 – 6.73% – 34.23%

Polyester DTY (150D / 48F low elasticity) 7101 6663 – 6.16% – 31.22%

Since July, the domestic PTA market price has risen first and then decreased. As of July 20, the average market price was 3521 yuan / ton, down 2.39% compared with the beginning of the month, and 45.33% lower than that at the beginning of the month. At the beginning of the month, the loose macro environment provided a certain support for the commodity market and crude oil, while suppliers continued to buy back to support the spot market, driving PTA prices up. With Hengli Petrochemical’s new plant put into operation, PTA supply has reached a new level, which further aggravates the market’s concern about PTA supply and demand pattern. In addition, crude oil also fell due to the further fermentation of public safety and health events, and the negative led to the price decline. However, the decline of crude oil inventory supported the market from the cost side, and at the same time, the maintenance of some units at the supply side or alleviated certain pressure effectively improved the trading atmosphere in the spot market, and the price rose slightly. However, under the background of terminal off-season, the supply and demand pattern of PTA market did not appear obvious improvement, and finally, PTA price entered into a weak adjustment pattern.

In the downstream textile and garment market, public health events at home and abroad are still fermenting, and the domestic and foreign orders for clothing and textile are decreasing day by day. The early orders are gradually delivered and the follow-up orders are out of stock. Textile enterprises are struggling. At the same time, the current demand in the summer off-season, polyester filament factory is also facing the plight of high operating, high inventory, the contradiction between supply and demand is prominent. For example, the transaction volume of polyester fabrics in the traditional market of China Light and textile city decreased, the transaction volume of imitation silk fabrics with polyester filament as the main raw material decreased, the turnover of thin fabrics decreased sharply, and the transaction of medium and thick fabrics in autumn was relatively limited. With the gradual rise of temperature and the continuous increase of inventory pressure, downstream texturing, weaving, printing and dyeing industries have heard that some enterprises have plans to stop and have a holiday. The comprehensive starting rate of Jiangsu and Zhejiang looms has been reduced to below 58%. At present, it is known that some weaving and printing and dyeing enterprises in Shaoxing have started summer vacation mode.

From the perspective of the textile industry, it is understood that in June, the total retail sales of clothing, footwear, knitwear and textiles reached 105.9 billion yuan, a decrease of 0.1% compared with the same period last year. From January to June, the total retail sales of clothing, shoes, hats and knitwear were 512 billion yuan, with a decrease of 19.6% over the same period. In terms of export, according to the latest statistics of the General Administration of Customs of China, in June 2020, China’s textile and clothing export volume was 29.032 billion US dollars, down 1.77% month on month. Among them, the export value of textiles (including textile yarn, fabrics and products) was 16.156.8 billion US dollars, and that of clothing (including clothing and clothing accessories) was 12.874.7 billion US dollars. From January to June, China’s textile and clothing exports amounted to US $125.188 billion, an increase of 3.16% year-on-year. Among them, the cumulative export of textiles was US $74.103.3 billion, with a year-on-year increase of 27.81%; and that of clothing was US $51.084 billion, down 19.39% year-on-year. Since the second quarter, with the surge in demand for epidemic prevention materials in Europe and the United States and other countries, textiles including masks have become an important support for China’s export.

Xia Ting, an analyst at the business agency, believes that the current market trend of raw materials is weak, which gives negative support to the polyester filament market. At the same time, the textile market began to enter the traditional off-season in July. In the past years, it was a time for a weaving enterprise to accumulate grey fabric inventory. This year’s public health events had affected the demand side and the domestic and foreign trade orders had dropped, and a large number of stocks were overstocked in the warehouse, which further aggravated the contradiction between supply and demand. Downstream factories have more and more strong willingness to reduce production, reduce load and holiday. The industry has become more and more interested in polyester filament enterprises The rumors of reducing the negative also gradually increased. Market lack of good news guidance, polyester filament prices are expected to be weak in the near future.

This week, the lead market (7.13-7.17) fluctuated lower. The average price of domestic market was 15437.5 yuan / ton at the beginning of the week and 14987.5 yuan / ton at the weekend, with a weekly decrease of 2.91%.

On July 18, the lead commodity index was 91.21, flat with yesterday, down 31.94% from the highest point of 134.01 (2016-11-29) and 22.22% higher than the lowest point of 74.63 on March 19, 2015. (Note: period refers to 2011-09-01 to now).

In terms of futures market, the trend of “V” was reversed this week, and overall Weiwei was held at 1820-1890 US dollars / ton. At the beginning of the week, affected by the decrease of LME inventory, Lun lead rose to a high of 1886 US dollars, which was once at the high level since the beginning of March. Later, with the rapid growth of inventory, the market confidence was depressed, and the price was all the way down. As of Friday, lunpb reported at $1835 / T, with a drop of about 1%. Affected by London metal, the high level of Shanghai lead fell this week, mainly in the range of 14800-15600 yuan / ton. During this period, it once stood at the highest level in nearly two years. Later, with the weakening of market sentiment, the high level of Shanghai lead market fell. As of Friday, Shanghai lead was reported at 14895 yuan / ton, with a drop of 0.96%.

Affected by the futures market, the domestic spot market fell back after rising, and continued to decline after rising on Tuesday. As of Friday, the spot lead market price was about 14900-15050 yuan / ton, with an average price of 14975 yuan / ton, which was about 250 yuan / ton lower than last week, with a weekly decline of 2.91%. Due to the negative effects of high social inventory, the futures market fell at a high level and the spot market also fell sharply since Tuesday. Downstream manufacturers have strong risk aversion sentiment, and most of them make up a small amount of stocks on demand. They are mainly long-term orders with few transactions. Battery enterprises mainly purchase on demand and mainly consume early-stage inventory. The market has a strong wait-and-see mood.

According to the price monitoring of the business agency, in the 28 th week (7.13-7.17) of 2020, there are 6 kinds of commodities in the non-ferrous plate rising month on month, and the top three commodities are titanium concentrate (3.70%), silicon metal (0.94%) and praseodymium neodymium alloy (0.81%). There were 12 kinds of commodities with a decline of more than 5%, accounting for 4.5% of the total number of monitored commodities in the plate; the top three products were aluminum (- 6.28%), copper (- 2.96%) and lead (- 2.91%). This week, the average rise and fall was – 0.63%. This week, the performance of basic metals was mainly positive and then restrained. After a big rise at the beginning of the week, it turned up to a fall and gave up the rise. Due to the continuous fermentation of foreign epidemic situation, the process of economic recovery was hindered. Crude oil led the decline of the bulk commodity market, while the domestic A-share market faced a sharp drop after the sharp rise. The base metal industry was mainly downward this week.

The business agency forecasts that the next week will focus on the consumption of lead-acid battery market. The arrival of peak season will consume part of the current high lead inventory. It is expected that the spot lead market will still be weak next week.

Price trend

According to the data monitoring of the business agency, the price of plasticizer DOP remained stable after falling this week, the decline of DOP market slowed down, and the voice of price rise in DOP market was high. As of July 20, the price of DOP in East China was 7033.33 yuan / ton, which was 1.86% lower than that of 7166.67 yuan / ton at the beginning of the week, and 6.10% lower than that of last year.

Upstream market of industrial chain

From the raw material phthalic anhydride trend chart can be seen, DOP phthalic anhydride price continued to decline this week, but the decline rate slowed down. The cost of DOP decreased and the pressure of DOP decline weakened.

As can be seen from the octanol price trend chart, octanol price fell first and then rose this week, DOP cost has upward pressure, DOP line sentiment rebounded and rose.

Downstream market of industrial chain

As can be seen from the PVC price trend chart, PVC prices continued to rise in July and then fell back. The overall demand for DOP rose and the PVC market was at a high level, which was good for DOP market.

Market review and future expectation

Bai Jiaxin, an analyst of DOP data of business agency, believes that in terms of raw materials, the recent rise in raw material prices has a rebound trend, and the rise in DOP costs is good for the plasticizer Market; on the downstream side, the PVC market is rising, the DOP demand is rising, which is good for DOP market, and the downstream demand is warming up, which makes DOP manufacturers’ psychological expectation of price increase increase increase, and DOP’s price in 2020 is far lower than that in the same period, so the manufacturers’ price rising mentality is sudden Out. It is expected that the future DOP market will rise and recover.

Commodity index: on July 13, the commodity index of polyaluminum chloride was 93.92, which was the same as yesterday, setting a new historical low in the cycle, down 13.84% from the highest point of 109.01 on August 28, 2019. (Note: cycle refers to the period from April 1, 2019 to now)

According to the data, polyaluminum chloride in the first ten days of July 2020 showed a slight fluctuation trend. This month, domestic manufacturers’ price adjustment was more frequent than that in the first half of the year, the market was light, and the downward pressure was great; for polyaluminum chloride with solid content ≥ 28%, the mainstream quotation was about 1762 yuan / ton on the first day of this month, and about 1737 yuan / ton on the 13th, with a price drop of 1.42%. At present, the price range of polyaluminium chloride monitored by the trade organization is generally quoted: liquid: industrial grade, content 10%-12%) quoted price is 400 yuan / ton; solid: industrial grade, content 20-21% quoted price 770-860 yuan / ton, content 24% quoted price 1200 yuan / ton, content 28% price 1450-1550 yuan / ton, content is more than 30%, price 1500-1600 yuan / ton, plate and frame type: 28% yuan, price 1500-1550 yuan / ton; spray type: content is more than 30%. The quotation is 1800-1850 yuan / ton; drinking water level: 1700 yuan / ton if the content is more than or equal to 28%; food grade: about 2800 yuan / ton if the content is 30%. In the first half of July, the price of various specifications of polyaluminum chloride was reduced by about 50 yuan / ton, and the demand and transaction atmosphere did not improve much. The manufacturers lowered the price once a day, and then generally once again, but each time the price was relatively small.

According to the data of the business agency, the mainstream ex factory price of hydrochloric acid in North China fluctuated and decreased in July and rose slightly at the end of the month. On July 1, 312 yuan / ton, and on July 6, the mixed price of hydrochloric acid in Shandong increased by 38.50 yuan / ton, or 12%, compared with the quotation on March 3. 355 yuan / ton was quoted on the 13th. The actual transaction price of manufacturers is subject to negotiation. From the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is general, the downstream purchasing enthusiasm is normal, and the support for hydrochloric acid is weak. The low-level consolidation of the downstream silica market has a negative impact on hydrochloric acid, while the high-level consolidation of the downstream ammonium chloride market has a certain support for the price of hydrochloric acid. This week, the overall hydrochloric acid market seems to have fallen slightly, and the difficulty of hydrochloric acid delivery is still a major problem. Downstream: according to the manufacturer, the market of polyaluminum chloride did not improve greatly in 2020. In July, the market was still in general, and the price did not rise, but there were several small decreases.

As far as the whole industry is concerned, from 2020 to now, during the Spring Festival holiday to February 20, relevant enterprises in the main production areas have stopped production and delayed to resume work; after February 20, manufacturers in main production areas have successively resumed their work and production; in March, logistics has gradually recovered, and transportation costs have returned to normal; in April, the overall production is normal, some enterprises still have high inventory due to difficulties in delivery, and the output is affected; in May, polyaluminum chloride (PACl) has entered The overall demand has not recovered, the market situation is poor, the shipment is general, and the transaction continues to be weak; in June, the raw materials changed little, and the natural gas used for drying rebounded by about 1% from the bottom this month, and then turned down, with a slight drop of about 0.25% this month, which has little impact on the market. The downstream demand of polyaluminum chloride is still weak, which is the industrial environment of water treatment, and the overall situation in the first half of the year has not changed much. In July, under the influence of the weak environment, the market demand is not good, the market of polyaluminum will inevitably continue to be weak, and the sales pressure is great. The small price reduction is more obvious in the first half of this month.

With regard to the future market, the business agency analyzed that the water treatment industry had slightly reduced the price since the beginning of the month, but the overall reduction rate is not large, but the frequency is more than that in the previous few months. Under the light industrial environment, the trend of polyaluminum chloride will not change much, but the overall price reduction will not be particularly large. For raw materials in this month, some manufacturers reported that the price changes of calcium powder and hydrochloric acid are obvious, which has a significant impact on the manufacturers purchasing this month, but has little impact on the manufacturers with stock. The downstream demand is the biggest influencing factor, and if the demand atmosphere does not change, the market will be difficult to improve. For the future market, the price stability is still the main line, and a small reduction may still be more frequent.

1、 Price trend

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price fell slightly this week, with the weekly high price of 6782 yuan / ton at the beginning of the week, and the weekly low price of 6728 yuan / ton at the weekend, with a weekly decline of 0.79%.

2、 Analysis and comment

According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200 ~ 250 yuan / ton. From 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 10 and 11, the price has been roughly flat. Since the 12th, the price has declined twice. Now, the total price has dropped 150 ~ 200 yuan / ton. Today, most of them are stable, some enterprises have a slight downward trend, and some enterprises have made a correction. The market transaction is still between 6670 ~ 7000 yuan / ton, and the mainstream price is about 6700 yuan / ton. There is a certain pressure on propylene manufacturers to ship.

On July 16, crude oil prices fell slightly, with limited impact on propylene.

Recently, PP futures market was weak, spot price fell by 1.24% over the weekend, which may have a little negative impact on propylene.

Acrylic acid market slightly down this week, the weekly decline of 0.46%, little impact on propylene.

Propylene oxide market this week to maintain stability, no impact on propylene.

Epichlorohydrin price rose after a small fall this week, with a weekly increase of 1.36% and a weekly amplitude of 2.40%, which had a slight positive impact on propylene.

This week, the domestic price of n-butanol declined steadily, with a weekly decline of 3.75%, which had a negative impact on propylene.

This week octanol market shocks downward, the weekly decline of 1.41%, slightly negative impact on propylene.

This week, isopropanol market also fluctuated downward trend, with a weekly decline of 1.92%, which also had a slightly negative impact on propylene.

At the beginning of this week, the phenol in East China remained stable after a sharp decline, with a weekly decrease of 6.07%, which had a certain suppression effect on propylene.

East China acetone this week is similar to phenol, the beginning of the week fell sharply after holding steady, the weekly decline also has 4.65%, has a certain suppression effect on propylene.

3、 Future forecast

The propylene analysts of the chemical branch of the business society believe that: Generally speaking, there is a slight pressure on the inventory of propylene manufacturers, the crude oil price is general, the overall downstream market is stable or downward trend is more, although the operating rate is acceptable, but the purchasing enthusiasm is weak, and the market trading is cold. Moreover, the current propylene price is still far from the lower limit of the recent propylene shock range, so it is expected that the propylene price may start to stabilize in the near future, which does not rule out the possibility of another downward trend on weekends.

According to the data monitoring of the business agency, since July, hydrogen peroxide has ended the soaring market in June and tried to rise at the beginning of the month, but the rising momentum is insufficient. After a short rise, it is stable, and then opens a weak downward channel. On July 3, the average price of hydrogen peroxide was 1050 yuan / ton, which was 0.96% higher than the price at the beginning of the month. On July 16, the average price of hydrogen peroxide in the market was 1026 yuan / ton, which was 1.28% lower than that at the beginning of the month.

According to the monthly rise and fall chart of hydrogen peroxide from January 2019 to June 2020, it can be seen that the price of hydrogen peroxide is rising from February to may in 2019. The price of hydrogen peroxide falls by more than 20% in June, and then it rises sharply in August. However, in the first five months of 2020, hydrogen peroxide rose by only 0.9% in January. It has been declining from February to may, with a decrease of more than 18% in February and a decrease of more than 10% in April. For four months in a row. In June, hydrogen peroxide hit the bottom and rebounded, ushering in a big rise, and the price rose by more than 30%.

Hydrogen peroxide in 2020 is more abnormal compared with that in 2019, which is mainly due to the limitation of hydrogen peroxide downstream terminal in 2020, terminal papermaking and printing, sluggish plate industry and weak market of caprolactam. In mid and late May, the terminal industry began to warm up. In June, the main enterprises of paper industry focused on the purchase of caprolactam, and the hydrogen peroxide market continued to rise. Hydrogen peroxide also dropped by more than 20% in July 2019. In July 2020, hydrogen peroxide market also began to weaken.

Demand turns weak, hydrogen peroxide rises and falls

In July, the growth trend of hydrogen peroxide terminal paper industry gradually stabilized. In addition, the paper mills prepared more goods before, and the purchasing enthusiasm decreased. In addition, due to the weakness of raw materials, limited cost support and poor downstream demand, the market of caprolactam began to decline sharply. The average price of caprolactam has dropped to 9700 yuan / T, which is 6% lower than that at the beginning of the month. Under the influence of caprolactam drop, hydrogen peroxide price also followed the weak trend, and the price rise was weak and continued to fall. On July 17, the average price of hydrogen peroxide was 1026 yuan / ton, which was more than 1% lower than that at the beginning of the month.

Li Bing, hydrogen peroxide analyst of business agency, believes that: the terminal caprolactam market is down, the paper market is stabilizing, the terminal market is weakening, and the price of hydrogen peroxide is still weak in the future.

According to the business agency data monitoring: this week, the price of lithium carbonate returned to stable, and the performance of spot transactions in the market was flat. On July 16, the average price of industrial grade lithium carbonate in East China was 39300 yuan / ton, which was flat compared with the beginning of the week, down 0.35% compared with July 1; on July 16, the average price of battery grade lithium carbonate in East China was 44700 yuan / ton, which was flat compared with the beginning of the week and increased by 1.13% compared with July 1. On the 16th, the mainstream quotation of industrial grade lithium carbonate market was around 35500-45000 yuan / ton, and that of battery grade lithium carbonate was around 40500-48000 yuan / ton.

This week, the market price of lithium carbonate is relatively stable, and the spot transaction has not improved significantly. Some large factories sign long orders to ensure the shipment volume and cash flow. With the coming of the resumption of production and work in the downstream, the demand gradually improved, which also increased the consumption of lithium carbonate, and the price of lithium carbonate began to hit the bottom, showing signs of rebound. However, the lithium carbonate manufacturers are still in a wait-and-see state at present, and the upstream suppliers still expect to support the price. However, the downstream material factories are still cautious about the current price trend, and both sides maintain the game state.

At present, the downstream power and energy storage market increased greatly in August, while the bargaining power of LiFePO4 market was weak and the market competition was fierce. The price could only be increased with the raw material price. The market tends to wait on the price of raw materials, and the downstream demand only increases slightly, which is difficult to support the price rise of precursors and ternary materials.

According to the price monitoring of the business agency, on July 15, 2020, there were 7 kinds of commodities in the chemical industry sector, with dichloromethane (2.36%), epichlorohydrin (1.71%) and ethanol (0.83%). There were 16 kinds of commodities with a decrease of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products of decline were bisphenol A (- 8.34%), silicone DMC (- 2.17%), butanone (- 2.02%).

Lithium carbonate analysts of the business club believe that the price of lithium carbonate has been running smoothly in recent days, but the market has a little willingness to support the price, but the manufacturers are still in a strong wait-and-see mood. It is expected that the lithium carbonate price will still be in a volatile and stable operation in the short term, and the downstream bargaining power is still in place.