August 21 US p-xylene market closing price stable, closing price of 760-770 US dollars / ton FOB US Harbor.

August 21 European p-xylene market closing price rose 3 US dollars / ton, closing price of 740-742 US dollars / ton FOB Rotterdam.

LONDON (MarketWatch) – London Metal Exchange (LME) Zinc has hit its biggest weekly increase since November last year, as zinc prices have reached the highest level in nearly a decade.

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London aluminum and copper have also closed near highs this week; nickel hit a high since March, after a wave of speculative buying, due to the world’s largest metal consumer – China’s strong demand.

London time on August 18 17:00 (Beijing time on August 19 00:00), three-month zinc closed up 2% higher at $ 3,124 per tonne, hit a decade high of $ 3,150 per tonne. This week rose 7.9%.

“The weakening of several data from China this week will not have a material impact on demand issues, and the supply of industrial metals is generally tight,” said Nitesh Shah, strategist at ETF Securities.

Prices are likely to rise further, at least until the end of the year, China’s demand will remain solid, Shah said.

China’s housing prices slowed in July, but the construction boom continued to support economic growth. The International Monetary Fund (IMF) raised its short-term growth forecast this week.

Traders said the price hike triggered the default buy order, speculative funds across the board to buy several kinds of industrial metals, but profit-taking and manufacturers sold long-term contracts to limit gains.

Indicators aluminum fell 0.7 percent at $ 2,062, but still close to Thursday’s high of $ 2,112, the highest since September 2014. This week rose 0.98%, due to China is expected to reduce production capacity.

There was no deal at the close of the index copper, and the final buy price fell 0.1 percent to $ 6,485 a tonne, reaching the top $ 6,580 since November 2014. Rose 1.1% this week.

International Copper Research Group (ICSG) in the latest monthly report said that in May this year, the global refined copper market 45,000 tons of supply gap in April for the shortage of 84,000 tons.

In the first five months of this year, the supply of excess copper was 14,000 tonnes, with a shortage of 282,000 tonnes for the same period last year.

Three-month nickel climbed 2.4 percent to $ 10,980, the highest intraday high of $ 11,055 since March 7.

Three-month lead fell 2.2% to $ 2,361.50.

Three-month tin settled 0.2% higher at $ 20,240 per tonne.

August 18, 2017 LME spot cobalt closed at 55,500 US dollars / ton, more stable than the previous day.

August 20 Cobalt Commodity Index was 150.00, a record high in the cycle, up 11.70% from the lowest point on July 05, 2009 at 69.84. (Note: cycle refers to 2011-09-01 so far).

First, the trend analysis

According to the business community data monitoring, August 16 domestic butadiene rubber prices, the current price of 12480 yuan / ton, compared with yesterday’s overall rose 3.06%.

Second, the market analysis

Today (August 16) butadiene rubber prices, mainly affected by the impact of ex-factory price changes. According to the business monitoring, Tuesday and Wednesday two days petrochemical manufacturers butadiene rubber prices raised 600 yuan / ton, Qilu Shun Ding ex-factory price raised to 12,300 yuan / ton. Coupled with the recent decline in raw material butadiene rubber prices and other factors, making Ding Ding manufacturers and traders have optimistic about the market outlook, the price rose, the current East China market demand for rubber products in the 12700 ~ 13200 yuan / ton.

Third, the outlook outlook

Business analyst Xu Xiaokun that, on the one hand the price of raw materials butadiene rebound, on the other hand rubber stocks began to fall, butadiene rubber market supply and demand pressure gradually changed, is expected next week, the main price of butadiene rubber prices, the latter part of the price or will continue to rebound.