According to the nickel price monitoring business, August 17 spot price of nickel 86825 yuan / ton, compared with the previous day 84206.25 yuan / ton, up 3.11%, today’s spot nickel rose sharply.

Overnight the Federal Reserve meeting minutes show that there is a major difference between the rate hike during the year, the dollar index fell, the domestic environmental protection, heating season limited production policy, the domestic base metals across the board closed up. WBMS data show that from January to June 2017 global refined nickel production of 81.32 million tons, the demand for 873,500 tons, the supply shortage of 60,300 tons, nickel prices rose. Expected short-term nickel prices or to maintain a strong trend of shock, the price of 85000-90000 yuan / ton.

According to the business monitoring data show that on August 17, 2017, the domestic average price of 64% diammonium phosphate factory price 2470.00 yuan / ton. Recently, the overall market price of diammonium phosphate to maintain a relatively stable trend, the current market more negative factors, the upstream synthetic ammonia prices fell sharply on the diammonium market cost support. Price: Hubei 64% diammonium factory price 2400 yuan / ton, reference transactions 2350 yuan / ton; Southwest brand 64% diammonium North China mainstream 2,500-2550 yuan / ton. In addition, another 6 + 2 meeting will be held in Zhengzhou on the 18th, the subject continues to be very price. International market demand is acceptable. Business diammonium analysts believe that the current diammonium market or wait and see, waiting for 6 +2 meeting news.

First, the market overview

This week the price of dichloromethane down, the market turnover is relatively stable, the business community data show that the beginning of the week the price of 2712.50 yuan / ton, the weekend offer 2652 yuan / ton, the price down 2.23%.

Second, the market analysis

Products: the national market are steadily lower trend, the current East China region to discuss the reference in 2700 yuan / ton; South China to discuss the mainstream in the 3350 yuan / ton; Shandong area to discuss the mainstream in the 2530-2480 yuan / ton.

Industrial chain: the upstream liquid chlorine market low run, Shandong liquid chlorine market price negotiations mainstream 1-50 yuan / ton, some companies still appear down the market, Hebei liquid chlorine market price of 50-100 yuan / ton, Jiangsu area to discuss Mainstream 50-100 yuan / ton, the current domestic market trend is relatively stable. In terms of demand, Shandong market demand in general; just need to purchase mainly due to the gradual reduction of supply, but also a small amount of enterprises inventory, to promote the market slightly higher.

Third, the market outlook forecast

Business Bureau of dichloromethane analysts believe that short-term dichloromethane market to stabilize the main, or will continue to lower expectations, the late 0-30 yuan up space.

In the near future, the market price of diethylene glycol in China has gradually dropped, and the market price increase in East China and South China has a large gap. The market situation of South China market is in the trend of local supply and tide. From the figure we intuitively see in early July, East China and South China prices began to gradually significant price gap, and the end of July with the rapid price rise, the price of South China from 6500 yuan / ton position quickly pulled up to 7100 yuan / ton , The market for the South China market prices quickly up, summed up the reasons for three:

First of all, the southern region of Guangdong and Fujian, a slight tight supply of goods, which heard the inventory level in Guangdong is slightly lower, as of last weekend, Guangdong local stocks probably maintained at 1,600 tons level, of course, most of them or bonded goods. Fujian stock levels and Guangdong region comparable to the last week, Fujian Province, the level of inventory maintained at 1,200 tons position. Overall, the total amount of local inventories in South China decreased significantly over the same period.

Second, the local prices in South China continued to fatigue, part of the July price of goods in southern China relative to the local prices in South China is relatively appropriate, and supply more supply in southern China, after understanding, this week began, there are 4,000 tons of Taiwanese cargo arrived in Hong Kong, 2000 tons of Saudi Arabia Cargo and 2,000 tons of Iranian goods arrived in succession. Seemingly large total, the status quo in southern China or will quickly ease the situation, but understand that some of the goods have not yet been ported, have been booked on the way. Then the overall situation in southern China does not rule out the urgency of the situation will slow down the ease.

Again, the price, the early South China region prices quickly pulled up, the price was rushed to 7100 yuan / ton position, but after some of the cargo is about to arrive, the local high prices in South China have come down one by one, the market manipulation of the disc more cautious and conservative; Monday deadline, the local price in South China to maintain 6650-6700 yuan / ton low-end imports from the mention, high-end domestic sent to.

Comprehensive local situation in South China, short-term cargo situation will be with the goods coming to Hong Kong will be eased, but the spot in southern China in short supply, and supply circulation is still tight. And the market for long-term diethylene glycol is still a good long-term expectations, the trend to a good state, the short-term does not rule out a narrow range of adjustment to run.

The recent domestic ethylene glycol market, the larger changes, abundant supply, downstream polyester operating rate decreased, fundamentals turned weak. Commodity into a weak, the mainstream business to reduce the intention of the city, coupled with a long time to consolidate the market to bring a lot of instability, the domestic ethylene glycol market fell sharply on Friday.

At present, the coal-to-ethylene glycol plant has been restarted. According to the data, the current load of coal-based ethylene glycol plant has reached about 83%. The integrated device is stable and the working load is about 93%. Domestic ethylene glycol production this month will be a substantial increase, is expected to break the historical high of 500,000 tons.
From the comparison of polyester operating rates from 2015 to 2017, it can be seen that although this year’s polyester operating rate is still at a relatively high level, but for three consecutive weeks of decline, as well as harsh environmental policy, the terminal weaving Poor start stability, downstream procurement and more on-demand procurement-based, the overall turnover of weak atmosphere.

Finally, from the MEG electronic disk can be seen, has been wearing a number of moving average, and 5, 10 day moving average has been formed Sicha. Plus below 7100 line, and 7000 and other important integer mark psychological support, the market pessimistic attitude to further spread. Fundamentals are weak, technical shows weakness, the overall market trend will be weak.