On March 28th, the price of domestic boric acid remained stable

According to the bulk list data of Business News Agency, the price of boric acid has remained stable recently, with an average price of 7850.00 yuan/ton.

Recently, the domestic boric acid market has remained stable due to fluctuations. Downstream demand is general, while the boric acid trading market fluctuates, and downstream bargains are sought. Boric acid manufacturers price their products based on their own shipment conditions, and the price of boric acid fluctuates slightly.

The source of imported goods has recently increased, and the current external quotations are concentrated at 8200-8500 yuan/ton (the actual transaction prices of different brands, different specifications, and products are mainly negotiated).

Boric acid analysts from the Business Agency believe that the recent domestic boric acid market has shown a trend of volatility and consolidation, with general market demand. It is expected that the market will mainly maintain stability in the future, and more attention needs to be paid to market news guidance.

According to data monitoring by the Business News Agency, the polyacrylamide commodity index stood at 93.13 on March 26, unchanged from yesterday, down 16.48% from the cycle’s highest point of 111.51 (2021-11-03), and up 12.35% from the lowest point of 82.89 on August 2, 2020. (Note: The cycle refers to 2019-04-01 to now)

Commodity market: According to data monitoring by the Business News Agency, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in China’s domestic market fell slightly during the week of March 20-26, 2023. On March 20, the market reported around 15285.71 yuan/ton, while on March 26, the market reported around 15242.86 yuan/ton, down 0.28%. Polyacrylamide started normally, with sufficient inventory. Downstream demand was not strong, and there was too much supply and too little demand. The market for polyacrylamide remained stable and weak.

Raw material acrylonitrile: According to data from the Business News Agency, the acrylonitrile market declined slightly during the week of March 20-26. According to data monitoring by Business News Agency, as of March 26, the bulk water price in the acrylonitrile market was 10325 yuan/ton, down 0.48% from 10375 yuan/ton at the beginning of the week. At present, the price of acrylonitrile from the tank is between 10200-10300 yuan/ton. The price of raw materials fell, and the cost of acrylonitrile continued to decline; The pressure on the supply side is still there, and the demand side has a rigid need for support; The acrylonitrile market is weak, with supply and demand slightly deadlocked. It is expected that the acrylonitrile market may continue to decline slightly in the future.

Raw Material Acrylic Acid: According to the data from the Business News Agency, the acrylic acid market fluctuated and fell during the week from March 20 to 26. On the first day, the main price in East China was 7975 yuan/ton, with an average price of 7250 yuan/ton on the 26th, a decrease of up to 9.09%. Recently, the price of raw material propylene has fluctuated and fallen, weakening cost support. In the current week, large factories at the supply end adjusted prices, while downstream procurement of raw materials was mainly based on demand. Actual market transactions were weak, and the focus of acrylic acid price negotiations was partially reduced. It is expected that acrylic acid light finishing will run in the short term.

Liquefied natural gas for production. According to data from Business News Agency, the price of domestic liquefied natural gas continued to decline during the week from March 20 to 26. As of March 26, the average price of domestic liquefied natural gas was 4252 yuan/ton, down 3.58% from the average price of 4412 yuan/ton on March 20. Cost support weakened due to lower feed gas prices in the city. Under cost pressure, domestic liquid prices have continuously declined. Currently, the market has sufficient supply and weak terminal demand. The heating season in the north is about to end, with a low industrial operating rate and a significant oversupply in the market. It is expected that the domestic LNG market will continue to be weak in the short term.

Future Forecast: Raw material and fuel prices have all fallen, and cost support has weakened. The polyacrylamide stock is sufficient, and under the economic environment, the demand for downstream demand orders continues to be weak. It is expected that the polyacrylamide market will continue to be weak in the short term in the future.

According to the monitoring by the Business News Agency, the price of potassium sulfate content 50 at the beginning of this week was 3950 yuan/ton, while the price of potassium sulfate content 50 at the end of this week was 3933 yuan/ton, with a decrease of 0.42%.

The domestic potassium sulfate market price has experienced a slight correction trend, and the unit operating rate of processing type Mannheim potassium sulfate manufacturers has remained at a level of less than 50%. The operating rate is limited, and downstream factories mainly purchase on demand. Currently, the mainstream factory price of Mannheim 52% powdered potassium sulfate is 3850-3950 yuan/ton, and the price of granular potassium sulfate is basically in line with the 52% powdered price. The actual transaction is mainly based on the purchase order, but the overall procurement demand is relatively limited.

The overall operating rate of downstream compound fertilizer plants in the recent period is less than 50%. With the prices of nitrogen, phosphorus, and potassium raw materials all declining, even if there is a small amount of raw material procurement demand from downstream plants, they have maintained the on-demand procurement model, with limited market support for potassium fertilizer.

Prediction: The domestic potash fertilizer market is in a weak and downward state, with a slight confusion in the market. It is expected that the market price may be dominated by a weak consolidation trend.

According to the monitoring of the Business News Agency, the price of activated carbon at the beginning of this week was 10533 yuan/ton, while the price of activated carbon at the weekend was 10633 yuan/ton, with a price increase of 0.95%.

The factory price of domestic activated carbon for coconut shell water purification is between 9600-12500 yuan/ton, with an increase in market inquiries. Domestic coal based activated carbon production enterprises operate normally, with a relatively high spot supply compared to the annual average level, and a moderate enthusiasm for shipment.

Active carbon has a rich source of raw materials, including coal, sawdust, fruit shells, straw, etc. Through a series of processes to prepare activated carbon suitable for water treatment, active carbon manufacturers are also continuously improving the performance of activated carbon, increasing its working capacity, and effectively adsorbing and purifying wastewater.

Prediction: The transaction in the activated carbon market is active and fair, and the trading atmosphere on the floor has warmed. It is expected that the price of activated carbon will mainly fluctuate in a narrow range in the short term.

According to the monitoring of the Business Agency, the domestic MTBE market has surged and fallen back. From March 10th to 17th, the price of MTBE fell from 7412 yuan/ton to 7237 yuan/ton, with a 2.36% decrease in price during the cycle, a 5.20% month-on-month increase in price, and a 3.50% year-on-year decrease. As the price rises to a high level, the enthusiasm for receiving goods from downstream has weakened. In addition, crude oil has declined broadly in the second half of the week, resulting in a strong pessimistic atmosphere in the market, and demand has been increasingly reduced. MTBE prices have followed the downward trend.

In terms of cost and crude oil, international crude oil has plummeted continuously, with Brent falling by more than 10%. The impact of pessimism has spread, and the market is mostly on the sidelines. The cost side is negative for the domestic oil industry chain, while the MTBE cost side is temporarily negative.

On the demand side, the gasoline market slightly decreased, while downstream demand followed suit. The MTBE demand side is temporarily negative.

As of the close of March 16th, the closing price of the Asian MTBE market was reduced by 75.50 US dollars per ton compared to the previous trading day, while FOB Singapore closed at 886.49-888.49 US dollars per ton. The closing price of the European MTBE market increased by US $14.25/ton compared to the previous trading day, while the FOB ARA closed at US $950.74-951.24/ton. The closing price of the US MTBE market increased by 33.20 US dollars per ton compared to the previous trading day, while the FOB Gulf price closed at 1190.31-1190.66 US dollars per ton (335.30-335.40 US cents per gallon).

In the future, it is predicted that the prices of gasoline and gasoline raw materials will follow the downward trend due to the continuous deep decline of crude oil, resulting in a weaker transaction. Business agency MTBE analysts believe that in the short term, the domestic MTBE market may be dominated by fluctuations and consolidation.