According to the Commodity Market System of the Business Society, the hydrogen peroxide market continued to decline weakly from June until June 12th. On June 12th, the average market price of hydrogen peroxide was 723 yuan/ton, a decrease of 6.47% compared to the beginning of the month.

Since June, due to weak terminal demand and loose supply, hydrogen peroxide manufacturers have weak confidence in price support, and multiple bearish pressures have led to a continued weak and downward trend in the hydrogen peroxide market. The mainstream quotation has dropped to around 700 yuan/ton.

Li Bing, a hydrogen peroxide analyst at Business Society, believes that bearish factors are still present and it is expected that the hydrogen peroxide market will remain weak and weak in the future, with weak upward momentum.

Price trend

According to the commodity market analysis system of the business community, the price of sulfur in East China continued to rise this week. On June 9, the price of sulfur was 840.00 yuan/ton, and on June 3, 810.00 yuan/ton. The price increased by 3.70% within the week and 12.00% month on month.

The sulfur market in East China has been sorted up. The refinery units in the plant are operating normally, the supply of goods in the market is rational, and the enterprises maintain a positive attitude of shipment. The downstream market entry follows up on demand, and the manufacturer’s shipment is relatively smooth. Some enterprises have raised their quotation based on their own shipment and inventory, and the sulfur market has risen slightly. As of now, the mainstream price of solid sulfur in refineries in Shandong region is around 870-900 yuan/ton; The mainstream price of liquid sulfur is between 750-900 yuan/ton.

Downstream market of the industrial chain

The downstream sulfuric acid market is running smoothly. On June 9th, the average domestic sulfuric acid price was 182.00 yuan/ton, which is consistent with the price of 182.00 yuan/ton on June 3rd. The operation of sulfuric acid plants is average, market supply is weakened, downstream demand is sluggish, market trading is light, and the mentality of operators is stagnant. Under the weak supply and demand situation, the quotation of sulfuric acid enterprises is temporarily stable.

The market price of monoammonium phosphate has weakened and decreased. On June 9th, the average market price of 55% powdered monoammonium phosphate was 2600.00 yuan/ton. On June 3rd, the average market price of 55% powdered monoammonium phosphate was 2662.50 yuan/ton. During the week, the market price of monoammonium phosphate decreased by 2.35%. Downstream demand continues to be sluggish, with few new orders in the market and sporadic purchases mainly in demand. Operators have a pessimistic mentality, and in order to stimulate shipments, the focus of ammonium chloride transactions has been lowered.

Future Market Forecast

According to sulfur analysts from Business Society, sulfur companies have no inventory pressure or may have positive support, but downstream production capacity utilization is low, limited entry into the market for purchasing, insufficient upward momentum for sulfur, and a lack of effective positive factors on the market. Under the supply and demand game, it is expected that the short-term sulfur market will remain stagnant and operate, with price or range fluctuations. Specific attention will be paid to downstream follow-up.

According to monitoring data from Business Society, as of June 7, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 7800 yuan/ton. Compared to June 1 (reference price of propylene glycol was 8033 yuan/ton), the price was reduced by 233 yuan/ton, a decrease of 2.90%.

From the data monitoring chart of the Business Society, it can be seen that entering June (6.1-6.7), the overall domestic propylene glycol market is showing a weak and declining trend. Entering June, the downstream demand for propylene glycol in China has not improved significantly, and the overall performance of the demand side is weak. On the cost side of raw materials, the decline in the market for epoxy propane also provides insufficient cost support for propylene glycol. Under the dual pressure of cost demand, the overall propylene glycol market continues to operate in a weak state. As of June 7th, the domestic market price of propylene glycol is around 7500-7800 yuan/ton. The higher price refers to 8200 yuan/ton.

Analysis of Future Market Trends

At present, the overall trading atmosphere in the domestic propylene glycol market is light, with average new orders on the market and slow and stagnant supply and demand transmission. It is expected that new production capacity will be put into operation on the market, and the overall supply side is relatively sufficient. According to the propylene glycol data analyst from Business Society, in the short term, the domestic propylene glycol market will mainly focus on regional consolidation and operation, and the specific trend still needs to pay more attention to changes in news on the supply and demand side.

Fluctuation and decline in aluminum fluoride prices

According to the Commodity Market Analysis System of the Business Society, as of June 6th, the domestic quotation for aluminum fluoride was 10125 yuan/ton, a decrease of 2.88% compared to the price of 10425 yuan/ton on June 1st at the beginning of the month. The prices of raw materials continue to decline, and the cost of aluminum fluoride has decreased. In June, the price of aluminum fluoride fluctuated and fell.

The price of raw material hydrofluoric acid fluctuates and falls

According to the Commodity Market Analysis System of the Business Society, since mid April, the prices of raw material hydrofluoric acid have fluctuated and fallen. As of June 6th, the price of hydrofluoric acid was 9657.14 yuan/ton, a decrease of 0.29% compared to the price of 9685.71 yuan/ton on June 1st, and a decrease of 6.76% compared to the price of 10357.14 yuan/ton on April 10th. The price of hydrofluoric acid continues to decline, the cost of aluminum fluoride decreases, and the downward pressure on aluminum fluoride increases.

Electrolytic aluminum prices fluctuate and fall

According to the Commodity Market Analysis System of Business Society, as of June 6th, the price of electrolytic aluminum was 18420 yuan/ton, which has stabilized compared to the price of electrolytic aluminum on June 1st, which was 18413.33 yuan/ton; The price of electrolytic aluminum decreased by 3.69% compared to 19126.67 yuan/ton on April 20th. Macroeconomic contraction, a decrease in real estate investment, a decrease in the production of electrolytic aluminum enterprises, weak downstream demand for aluminum fluoride, and weakened support for the rise of aluminum fluoride.

Market Overview and Forecast

Analysts from the fluoride aluminum industry at Business Society believe that since mid April, the price of hydrofluoric acid has continued to decline, resulting in a decrease in the cost of aluminum fluoride raw materials; Downstream electrolytic aluminum enterprises have seen a decline in production, weak demand for aluminum fluoride, and insufficient support for the rise of aluminum fluoride. In the future, the demand for cost reduction is not good, and it is expected that the price of aluminum fluoride will fluctuate and fall in the future.

This week (5.29-6.5), the acrylonitrile market saw a significant decline. According to the Commodity Market Analysis System of Business Society, as of June 5th, the bulk water price in the acrylonitrile market was 8287 yuan/ton, a decrease of 10.89% from last Monday’s 9300 yuan/ton. At present, the self pickup price of acrylonitrile in the market is between 7900 to 8300 yuan/ton. The prices of raw materials continue to decline, with weak support for acrylonitrile; The downstream atmosphere is weak, and prices have decreased slightly, while the demand for acrylonitrile continues to be weak; In addition, the supply side has slightly improved, and the acrylonitrile market has slightly declined.

This week (5.29-6.5), the domestic acrylonitrile operating rate slightly increased.

Recently (5.29-6.5), the raw material propylene market continued to decline, and the cost support for acrylonitrile continued to be weak. According to the Commodity Market Analysis System of Business Society, as of June 5th, the domestic propylene price was 6270 yuan/ton, a decrease of 3.09% from last Monday’s 6470 yuan/ton.

Downstream ABS prices continue to decline, with industry device starts slightly dropping to around 8.4%, weakening support for acrylonitrile demand; The domestic nitrile rubber has slightly declined, and the price of polyacrylamide has temporarily stabilized at a low level, with weak support for acrylonitrile.

Future Forecast: Business Society Acrylonitrile Analysts believe that the current supply pressure of acrylonitrile has slightly increased, coupled with the weakening of demand and low consolidation of cost, it is expected that the acrylonitrile market will be weak and volatile in the short term.