The demand is weak, and the liquefied gas market fluctuated and fell in May

In May, the overall trend of the domestic liquefied gas market was weak. The civil gas market in Shandong was first high and then low, and the overall focus moved downward. According to the monitoring data of the business agency, the average price of liquefied gas in the civil Shandong market was 6340.00 yuan / ton on May 1 and 6150.00 yuan / ton on May 26, a decrease of 3.00% in the month and an increase of 47.60% over the same period last year.

 

As of May 26, the mainstream prices of liquefied gas in various regions in China are as follows:

Region, Mainstream quotation

North China, 6000-6250 yuan / ton

South China, 6050-6330 yuan / ton

Northeast China, 5800-6000 yuan / ton

Shandong region, 6100-6250 yuan / ton

 

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In May, the domestic liquefied gas market as a whole fell. The price of Shandong civil gas market only rose significantly at the beginning of the month, and then fell in the late period. After the May Day holiday, the international crude oil rose significantly during the holiday period, which brought support to the market in terms of cost. In addition, there was a certain demand for replenishment in the downstream after the holiday, with good enthusiasm for entering the market, mild market trading atmosphere and strong upward prices. However, in the later stage, with the weather heating up significantly, liquefied gas ushered in the traditional off-season demand, and the terminal demand was weak. After the downstream replenishment, it was mainly delisted to wait and see, and the market trading atmosphere was limited. In addition, the supply of Shandong civil gas market increased in the later period, which brought some bad news.

 

The shock and fall of LPG futures market in May brought limited support to the spot market. On May 26, the opening price of LPG futures contract 2207 was 5846, the highest price was 6064, the lowest price was 5826, the closing price was 6059, the previous settlement price was 5833, the settlement price was 5940, up 226, the trading volume was 149043, the position was 69828, and the daily position was increased by 4095. (quotation unit: yuan / ton)

 

At present, the continuous rise of international crude oil has brought obvious support to the market, but the negative factors still exist in the market. With the arrival of the off-season, the weak end demand situation is difficult to change in the short term, and the enthusiasm of downstream market entry is limited. In addition, compared with previous years, the price of liquefied gas this year is at a higher level, and the price rise is difficult. It is expected that the market price of Shandong civil gas may continue to be weak in June.

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View on cobalt price trend on May 26

On May 26, the domestic cobalt price fell sharply

 

According to the data monitoring of business agency, the cobalt price fell sharply on May 26, and the cobalt market fell. On May 26, the price of cobalt was 478000 yuan / ton, down 3.55% from 495600 yuan / ton on the previous trading day. The decline of international cobalt price dragged down the domestic cobalt market, and the domestic cobalt price fell sharply.

 

As can be seen from the trend chart of MB cobalt price, the recent sharp decline in MB cobalt price and the decline in international cobalt price have dragged down the domestic cobalt market. The cobalt price has fallen and the cobalt market has fallen.

 

Future forecast

 

The decline of international cobalt price dragged down the domestic cobalt market, and it is expected that the future cobalt price will fall weakly.

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On May 25, the market price of phosphoric acid was temporarily stable

1、 Price trend

 

Latest price (May 25): 11280 yuan / ton

 

Key points of analysis: according to the data monitoring chart of business society, on May 25, the market price of phosphoric acid was 11280 yuan / ton, unchanged from the previous day. At present, the price of raw material yellow phosphorus is high, the cost support is strong, the overall focus of the phosphoric acid market moves upward, the increase range of enterprise offer is different, and the market transaction is tepid. At present, the price of raw yellow phosphorus is as high as 40000 yuan / ton, and the market price of thermal phosphoric acid is about 11000-12800 yuan / ton.

 

It is expected that the phosphoric acid market will remain stable in the short term.

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On May 24, the price of domestic PVC market fell

1、 Price trend

 

Latest price (May 24): 8600 yuan / ton

 

Key points of analysis: on May 24, the average domestic spot price of pvc5 was 8600 yuan / ton, down 0.51% from the previous trading day and 6.52% year-on-year. At present, the futures price is falling, the offer in the spot market is falling, the market trading is relatively flat, the downstream demand continues to maintain the rigid demand, and the wait-and-see attitude is obvious. PVC enterprises sell goods at low prices, the market focus moves down, and the transaction is more cautious. Up to now, the price of raw calcium carbide is about 4400-4500 yuan / ton, and the price of PVC is 8250-8750 yuan / ton.

 

The PVC market is expected to weaken.

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On May 23, the price of refrigerant R22 was temporarily stable

1、 Price trend

 

Latest price (May 23): 17500 yuan / ton

 

Key points of analysis: according to the data monitoring chart of business agency, the price of refrigerant R22 was temporarily stable on May 17, unchanged from the previous day, with a year-on-year increase of 5.42%. The price of raw material chloroform fell slightly, the cost support became weaker, and the market supply increased. At the same time, the demand did not increase. Under the bad conditions of many parties, the price of R22 fell steadily. At present, the price of raw material hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 4137.5 yuan / ton, and the market quotation of R22 is mostly in the range of 17000-18000 yuan / ton.

 

R22 market is expected to be stable and weak.

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