Trade name: acrylic acid

Latest price (April 11): 13666.67 yuan / ton

The acrylic acid Market in East China fell on April 11, down 2.38% compared with the previous trading day and 15.29% compared with the price on March 11. At present, the market price of raw propylene is weak, the cost support is limited, and some units are overhauled, but the downstream demand is not followed up, and the market trading atmosphere is light.

It is expected that the acrylic acid market may be weak in the short term.

1、 Price trend

According to the bulk list data of business society, the price of mixed xylene fell continuously after the festival. On April 1, the price was 7720 yuan / ton; On Friday (April 8), the price was 7420 yuan / ton, down 3.89% from last week; Compared with the same period last year, it increased by 35.65%.

2、 Analysis and comment

This week, the international crude oil mainly fell. Under the influence of domestic public health events, the logistics and transportation were not smooth, the shipment of enterprises was blocked, the overall mentality of mixed xylene market was poor, and the price mainly fell.

In terms of the external market, the external market mixed xylene fell in shock this week. On Thursday (April 7), the price of mixed xylene imported from South Korea was US $1061.5/ton, with a year-on-year decrease of US $46 / ton, or 4.15%; The reference price of domestic imported mixed xylene was 1071 US dollars / ton, with a year-on-year decrease of 46 US dollars / ton, or 4.12%.

In terms of crude oil, it was reported within the week that the International Energy Agency planned to release 120 million barrels of crude oil reserves, the tightening of supply was expected to ease slightly, and the oil price fell as a whole. As of April 8, Brent fell $1.61 / barrel, or 1.54%; WTI fell $41.01/barrel, or 1.02%.

Downstream, in the PX market, the domestic PX price was stable this week. On Friday (April 8), the ex factory price of domestic p-xylene was 9300 yuan / ton, which was flat compared with last week and increased by 45.31% compared with the same period last year.

In terms of ox market, the price of ox in East China fell this week. On Friday (April 8), the price of ox in East China was 8600 yuan / ton, down 4.44% from last week and up 59.26% from the same period last year.

In terms of gasoline, the price of gasoline in Shandong fell this week. The price was 8775 yuan / ton on April 1 and 8628 yuan / ton on April 8, down 1.67% from last week and 24.39% from the same period last year.

3、 Future forecast

In terms of crude oil, the situation in Russia and Ukraine is full of uncertainty, and the EU may introduce a new round of sanctions against Russia, and the oil price support remains. However, the release of reserve plans by the United States and the International Energy Agency may curb the rise in oil prices. The short-term oil price fluctuates violently. Continue to pay attention to the geopolitical situation, the relationship between supply and demand of crude oil, OPEC + decisions on crude oil production, the inventory dynamics of US crude oil and refined oil, and the impact of global economic conditions on crude oil prices.

The crude oil price remains high in the short term, and the cost side support remains unabated; There are factories in Shandong to reduce the load and stop, the port inventory in East China is low, and the supply side has a certain positive support. However, the demand continues to be weak, the mentality of the industry is poor, and the price of mixed xylene is difficult to maintain, which is likely to continue to decline. Pay attention to the market trend of crude oil, gasoline and diesel, the dynamics of mixed xylene ports and devices, and the impact of downstream market and device dynamics on the price of mixed xylene.

Trade name: TDI

Latest price (April 7): 19300 yuan / ton

Key points of analysis: the average price of TDI market in East China today is 0.13% lower than that of the previous working day, and the domestic TDI market will wait and see the sorting and operation. Affected by public health incidents, the transportation and logistics are blocked, the manufacturers’ shipment is not smooth, the downstream purchase is limited, the market trading atmosphere is quiet, the mentality of the freight merchants is wait-and-see, and individual offers are sorted out downward. At present, the quotation range of dealers in East China is about 18800-19000 yuan / ton for domestic goods and about 19000-19500 yuan / ton for Shanghai goods.

Market forecast and follow-up of the downstream market.

441# silicon price trend

 
Market analysis

According to the price monitoring of the business community, the average price of domestic 441# metal silicon is 21550 yuan / ton, and the metal silicon continues to fall after the festival. 441# Huangpu port offers 21500-21600 yuan / ton, down 300 yuan / ton; Tianjin Port quoted 21500-21600 yuan / ton, down 250 yuan / ton; Kunming quoted 21200-21300 yuan / ton, down 300 yuan / ton; Sichuan quoted 21100-21200 yuan / ton, down 150 yuan / ton; Shanghai quoted 22200-22300 yuan / ton, down 100 yuan / ton.

In terms of downstream enterprises, the price of organosilicon DMC has fallen back to the level of years ago. Today, the price has increased slightly by 20 yuan / ton. The ex factory quotation is near 26600-28000 yuan / ton, and the average price is 26920 yuan / ton; The quotation of aluminum alloy is under pressure, and the quotation is reduced by 100 yuan / ton. The consumption capacity of downstream enterprises for metallic silicon is weak. At present, the market demand is seriously suppressed, the transportation is blocked, the enterprise production is limited, and the downstream demand is difficult to improve in a short time.

According to traders, due to high cost and reduced demand, the silicon plant has plans to reduce production. At present, the silicon plant makes more concessions due to capital pressure, but the downstream inquiry is still light. Overall, metal silicon will continue to fall in the short term.

Bisphenol A in East China market is 16500-16600 yuan / ton, and the delivery is cold

Today’s small and long holiday bisphenol a market atmosphere is cold, the market inquiry is light, and the trading volume is obviously insufficient. At present, the domestic exchange logistics transportation is still not smooth, the amount of spot resources is general, and the demand for terminal inquiry is light. In April, the logistics transportation gradually improved, but there are still constraints. Pay attention to the production and marketing of downstream and domestic bisphenol A.

In the short term, the logistics in some areas has improved slightly, the downstream has improved slightly, and the demand for raw materials has increased. The business agency expects the short-term BPA market to run in shock.

On April 1, the rare earth index was 862 points, down 16 points from yesterday, down 14.40% from the highest point of 1007 points in the cycle (2022-02-24), and up 218.08% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now)

The trend of domestic rare earth index continued to decline, the price of domestic light rare earth praseodymium neodymium series continued to decline, the price of praseodymium neodymium oxide decreased by 30000 yuan / ton to 915000 yuan / ton, the price of praseodymium neodymium metal decreased by 30000 yuan / ton to 1150000 yuan / ton, the price of praseodymium oxide decreased by 20000 yuan / ton to 945000 yuan / ton, the price of neodymium oxide decreased by 20000 yuan / ton to 995000 yuan / ton, the price of metal praseodymium decreased by 20000 yuan / ton to 1260000 yuan / ton, and the price of metal neodymium decreased by 20000 yuan / ton to 1250000 yuan / ton, The price of dysprosium oxide fell by 50000 yuan / ton to 2.635 million yuan / ton, the price of dysprosium ferroalloy fell by 50000 yuan / ton to 2.625 million yuan / ton, the price of metal dysprosium was 3.765 million yuan / ton, the price trend of domestic light rare earth market fell, the recent procurement was general, the price of dysprosium Series in domestic heavy rare earth market fell, the price of terbium series fell, and the downstream procurement was mainly on demand. Myanmar banned exports. It is expected that the price of domestic rare earth market will decline in the later stage.

On March 31, the domestic cobalt price fell slightly

According to the data monitoring of business agency, the domestic cobalt price fell slightly on March 31, and the cobalt market fell back. On March 31, the price of cobalt was 556700 yuan / ton, down 0.11% from 557300 yuan / ton on the previous trading day; The cobalt market fell, and the cobalt price fell slightly.

Key points of analysis

The international cobalt price rises slowly, and the price difference at home and abroad still exists; The consumption of new energy vehicles decreased month on month, and the sales of mobile phones decreased significantly month on month. The epidemic affected the shutdown of Tesla in Shanghai, the installed capacity of ternary batteries decreased month on month, the demand of cobalt market was lower than expected, the rising power of cobalt Market weakened, and the downward pressure increased. The sharp decline in nickel prices dragged down cobalt prices.

Future forecast

The demand is lower than expected, the cobalt price weakens, the international cobalt price rises, and the price difference at home and abroad increases. It is expected that the cobalt price will rise after a short decline in the future market.

1、 Price trend

Latest price (March 30): 9020 yuan / ton

Key points of analysis: on March 30, the average domestic spot price of pvc5 was 9020 yuan / ton, up 0.22% from the previous trading day and 2.79% year-on-year. The disk is relatively strong, and the upward trend of futures drives the rising atmosphere of the spot market. The offer of cargo holders is increased, and they ship according to the market, and the market focus moves upward. However, after the price rises, the downstream inquiry is general, most of them are cautious and wait-and-see, and the transaction at high prices is general. At present, the price of raw calcium carbide is about 4400-4550 yuan / ton, and the price of PVC is 8900-9400 yuan / ton.

The PVC market is expected to be stable and strong.

According to the data monitoring of business agency, the average price of EVA in the domestic market was 21033.33 yuan / ton on March 28 and 20933.33 yuan / ton on March 29, with a single day decline of 0.48%, an increase of 7.35% compared with March 1.

On the 29th, the price of EVA in the domestic market fell weakly. The ex factory prices of some petrochemical enterprises have been reduced slightly, and the shipments in some regions have been blocked due to the impact of the epidemic. In addition, the terminal demand is general, and the overall trading atmosphere of the market is limited. However, the rebound in the supply price of bidding has brought some support to the market. It is expected that the space for the decline of EVA market price is limited in the short term.

Trade name: acetic acid

Latest price (March 28): 5190 yuan / ton

Key points of analysis: today’s acetic acid price is relatively upward, and the average market price in East China has increased by 0.78% in a single day. For the maintenance of acetic acid manufacturers in East China, the market supply is tight, which boosts the mentality of the industry. The quotation in other regions keeps rising, the epidemic affects the transportation, and the supply in some regions is tight, resulting in a slight increase in the market quotation.

Future forecast: the short-term acetic acid market will wait and see consolidation or rise slightly, with specific attention to the market supply.