Author Archives: lubon

Weak market of caustic soda this week (4.12-4.16)

1、 Price trend

 

According to the monitoring data of the business community, the price of caustic soda is mainly weak. At the beginning of the week, the average price of Shandong market is about 467.5 yuan / ton, and at the end of the week, the average price is 460 yuan / ton, with a price drop of 1.6%, and a price drop of 13.21% compared with the same period last year. On April 15, the commodity index of caustic soda was 66.19, which was the same as yesterday, decreased by 68.00% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 1.66% compared with 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)

 

2、 Market analysis

 

Caustic soda fluctuates in a narrow range, and the market operation is dominant. The price of caustic soda in Shandong is weak, and the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to operate with small fluctuation in the future. In Hebei area, the market of caustic soda fluctuates mainly in a narrow range. At present, the mainstream ex factory price of 32% caustic soda is 460-590 yuan / ton. The company’s shipment is general, and the downstream receiving situation is light and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future.

 

From the downstream of caustic soda to the end of demand, aluminum, paper and other industries adhere to the demand-based procurement, a strong wait-and-see attitude. The price of caustic soda lacks strong support, and the price of caustic soda is weak.

 

According to the price monitoring of the business community, in the 14th week of 2021 (4.5-4.9), the price of chlor alkali industry increased by 1 commodity, decreased by 2 commodities, and decreased by 0 commodity. The main commodities rising were PVC (1.49%); the main commodities falling were calcium carbide (- 4.76%) and caustic soda (- 4.59%). This week’s average rise or fall was – 1.57%.

 

Business analysts believe that in the near future, the caustic soda enterprises are not warm in shipment, and the downstream receiving situation is weak and stable, with a strong wait-and-see atmosphere. It is expected that the follow-up operation of caustic soda will mainly fluctuate slightly, depending on the downstream market demand.

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Cost stimulates acetic anhydride price to a new high

Price trend

 

According to the data monitoring of the business association, after a slight drop in the price of acetic anhydride in March, affected by the rise in the price of raw materials, the price of acetic anhydride soared in April, breaking the historical record of 10000 yuan / ton. On April 15, the price of acetic anhydride was 10300 yuan / ton, up 10.16% from 9350.00 yuan / ton on April 1. The price of acetic anhydride exceeds 10000 yuan, and some manufacturers offer as high as 11000 yuan / ton.

 

Acetic acid price trend

 

As can be seen from the price trend chart of acetic acid, the price of acetic acid rose sharply in April, and the market of acetic acid rose. It is difficult to set the schedule for the start of Shunda acetic acid plant. The unexpected shutdown of BP acetic acid plant in Nanjing resulted in the decrease of acetic acid supply and the shortage of acetic acid, which stimulated the rise of acetic acid price. In April, the price of acetic acid soared all the way, and the raw material cost of acetic anhydride rose, which pushed the price of acetic anhydride up.

 

Acetic acid commodity index reaches a new high

 

According to the monitoring of business news agency, the acetic acid commodity index on April 14 was 184.52, up 3.3 points from yesterday, reaching a record high in the cycle, up 297.16% from the lowest point of 46.46 on February 21, 2016 (Note: cycle index since September 1, 2011). The price of acetic acid reached a record high, the cost of acetic anhydride rose, and the driving force of acetic anhydride rise increased.

 

Market summary and future forecast

 

Bai Jiaxin, acetic anhydride data analyst of business news agency, believes that the rising cost of acetic anhydride has stimulated the price of acetic anhydride to reach a new high due to the impact of a record high price of acetic acid. Acetic acid market is difficult to change in the short term, the cost of acetic anhydride is still high, the pressure of acetic anhydride in the future is insufficient, and the rising power is strong. At the same time, due to the strong resistance of downstream customers to high price acetic anhydride, the rising space of acetic anhydride is limited. It is expected that the acetic anhydride market will stabilize after a small rise in the future.

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Lack of demand power, PET supply and demand deadlock,the price is up and down dilemma

According to the data monitored by the business community, as of April 14, the quotation of pet water bottle manufacturers was 7050.00 yuan / ton, and the market focus of PET bottle chips declined, which was 1.63% lower than that of the same period last month. The overall market transaction atmosphere was cold.

 

Pet market price is stable but weak, some factories slightly reduce 50-100 yuan / ton, downstream demand is insufficient, the number of new orders is limited, upstream price is up in a narrow range, pet cost support is general, compared with the same period last week, PTE price decreased by 1.63%, the decline is 110 yuan / ton, inventory consumption is slow, supply and demand is stalemate, rise and fall dilemma, the overall market purchasing atmosphere is cold.

 

Manufacturer / region: Quotation (yuan / ton) date

Zhejiang wankai PET bottle chip Co., Ltd

Zhuhai China Resources Co., Ltd. ﹣ 7050 ﹣ April 14

Henan Anhua polyester bottle chip Co., Ltd

Yizheng Chemical fiber bottle piece 6800 April 14

Xiamen Tenglong plastic bottle 6900 April 14

Guangdong Taibao polyester bottle chip Co., Ltd

Ethylene glycol index: on April 13, the commodity index of ethylene glycol was 52.12, down 0.93 points from yesterday, down 50.30% from the highest point of 104.87 points (2011-09-18), and up 55.44% from the lowest point of 33.53 points on April 2, 2020. (Note: period refers to 2011-09-01 to now).

 

Pet analysts of business news agency believe that: in terms of cost, the upstream raw material support is insufficient, the downstream demand is poor, the overall market shipment is slow, the pet market is in a narrow range of shocks, and the operation is weak and stable. (to know more about the latest market trends, please pay attention to the official account of the business community, get information on goods and grasp the price of commodities).

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Lithium hydroxide market price rises this week (4.5-4.11)

1、 Price trend of lithium hydroxide

 

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(Figure: p-value curve of lithium hydroxide product)

 

2、 Market analysis

 

As of April 11, the average price of domestic industrial grade lithium hydroxide enterprises was 75666.67 yuan / ton, up 0.89% compared with the beginning of the week, 12.38% compared with March 11, and 45.51% compared with January 1, according to the data from the business club’s block list.

 

This week, the domestic market of industrial grade lithium hydroxide rose, the market supply was tight, the demand side was steady, the offer of goods holders was firm, and the market was hard to find low-cost goods.

 

Output data of lithium hydroxide: in March 2021, the output of lithium hydroxide of major manufacturers in China was 12800 tons, up 13.27% month on month and 85.51% year on year.

 

According to the price monitoring of the business community, the market of lithium carbonate in the upstream is mainly stable in the near future. As of April 11, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was the same as that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton on April 1). On April 11, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was the same as that at the beginning of the month (the average price of carbon in East China was 90600 yuan / ton on April 1).

 

According to the price monitoring of the business community, in the list of commodity prices in the 14th week of 2021 (4.5-4.9), there were 38 kinds of commodities in the chemical industry sector that rose month on month, among which 8 kinds of commodities increased by more than 5%, accounting for 8.7% of the total number of commodities monitored in the sector; the top 3 commodities were nitric acid (8.94%), acetic acid (8.70%) and ethyl acetate (8.13%). There were 27 kinds of commodities with a month on month decrease, and 5 kinds of commodities with a decrease of more than 5%, accounting for 5.4% of the number of commodities monitored in the sector. The top 3 products with a decrease were butadiene (- 10.77%), formic acid (- 8.38%) and acrylic acid (- 8.31%). The average rise and fall this week was 0.25%.

 

3、 Future forecast

 

According to the lithium hydroxide analysts of business news agency, the recent stable operation of upstream lithium carbonate, coupled with the steady performance of supply and demand support, it is expected that in the short term, the domestic industrial lithium hydroxide Market will be mainly strong, and the specific trend needs to pay more attention to the market information guidance.

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Stable operation of R22, price rise of R134a (4.1-4.11)

1、 Price trend

 

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According to the bulk data monitoring of business news agency, as of April 12, the average price of refrigerant R22 was 15933.33 yuan / ton, which was the same as that at the beginning of the month, down 10.65% compared with the same period last year.

 

According to the bulk data monitoring of business news agency, as of April 12, the average price of refrigerant R134a was 22100 yuan / ton, up 4.74% from the beginning of this month and down 1.78% from the same period last year.

 

2、 Market analysis

 

R22: in April, the market of refrigerant R22 was stable, and the quotation of some enterprises fluctuated slightly. At present, the prices of trichloromethane and hydrofluoric acid fluctuate little, and generally operate stably. The cost support is acceptable. The manufacturers are willing to support the market by supporting the price. Pricing is based on the volume, and some enterprises make profits to ship. However, due to the poor demand, the overall transaction atmosphere of the market is general. At present, the quotation of R22 market is around 15000-17000 yuan / ton, while that of Shandong is about 16000-17000 yuan / ton, and that of Zhejiang is relatively low The price quoted in Jiangdi district is about 15500-16500 / T, that in Hunan is about 15000-15500 / T, and that in Shanghai is about 16000 yuan / T. the price is generally stable and small.

 

R134a: in April, the price of refrigerant R134a rose. The price of hydrofluoric acid fluctuates little, and the support is acceptable. The price of manufacturers rises, and the enterprises increase by more than 1000 yuan, pushing the price up to a high level. However, the demand of downstream car market is weak, the ability to receive high price R134a is not high, and the enthusiasm of inquiry is not good. At present, the quotation of R134a market is mostly in the range of 21000-23500 yuan / ton, the quotation of Shandong region is about 20000-21000 yuan / ton, and the quotation of Zhejiang region is low The price is about 21500-23000 yuan / ton, that in Hunan is about 21500-21000 yuan / ton, that in Jiangsu is about 23000 yuan / ton, and that in Shanghai is about 23000 yuan / ton. The price is generally increased in various places.

 

In terms of raw materials, on April 12, the mainstream price of domestic anhydrous hydrofluoric acid manufacturers was 10000-11000 yuan / ton. The ex factory price trend of domestic manufacturers of hydrofluoric acid was stable. The operating rate of domestic manufacturers of hydrofluoric acid declined, and the supply of goods in the yard was slightly tight. Affected by the high price of fluorite, the market trend of downstream refrigerants was temporarily stable in the near future, and mainly purchased on demand in the yard. It is expected that the price in the yard will be stable in the future .

 

The domestic price of chloroform was 3883 yuan / ton on the 12th, up 2.19% from the previous day. On the one hand, there is a large demand for downstream refrigerants, and the shipment of chloroform is smooth, which is supported by the demand side; on the other hand, since late March, the price of raw material liquid chlorine has gone up, and the cost side support is strong. According to the monitoring of the business community, as of April 12, the mainstream ex factory price of liquid chlorine for tank cars in Shandong Province was around 2300 yuan / ton. At present, the downstream demand is increasing, and the price of raw materials is rising. Although the overhaul of Jinling plant is completed, the overall supply side is slightly increased compared with the earlier stage, the chloroform industry chain is generally good, and the price is expected to continue to rise in the later stage.

 

3、 Future forecast

 

Business analysts believe that at present, the price of raw materials does not fluctuate much and the supporting force is acceptable. The manufacturers have obvious psychology of supporting the market. However, due to the drag of demand side, the upward price lacks the actual driving force. It is expected that the short-term market will be consolidated and the probability will be stable.

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