Commodity market: according to the monitoring of the business agency, on April 26, Shanghai Rubber continued to fluctuate and the range narrowed. The main force closed at 12635 yuan / ton, and the market spot market adjusted with the market. The average spot market price of domestic natural rubber (standard I) in East China market was 12260 yuan / ton, up 0.08% from the quotation of the previous trading day and down 7.57% year-on-year.

Industry analysis: macroscopically, domestic public health events have a wide impact, affecting the supply of raw materials, circulation and sales of finished products; Internationally, the International Monetary Fund lowered global economic growth. Supply side: Thailand’s current output increases and prices fall; The Yunnan production area fully opened cutting, and the output increased. The Hainan production area opened cutting at the end of April and the beginning of May, and entered the full rubber cutting period around the middle of May, which is expected to increase significantly. Demand side: Recently, affected by public health incidents, transportation has been blocked, and short-distance transportation in some areas has improved. The data show that the operating load of all steel tires of tire enterprises in Shandong last week was 58.77%, an increase of 2.40 percentage points over the previous week and a decrease of 17.28 percentage points over the same period last year; The operating load of semi steel tire was 67.62%, down 0.99 percentage points from the previous week. Secondly, the demand for tire exports has declined, the current situation has affected the import and export trade of finished products, which is difficult to recover in the short term, the domestic shipment is blocked, and the inventory pressure of tire finished products continues to increase. According to the data of the passenger car Federation, the national passenger car market was affected by the consumption downturn in 2022. In the first quarter, the cumulative retail sales of the national passenger car market decreased by 4.5% year-on-year, and the overall trend was lower than expected; The temporary standstill of the automobile industry chain caused by the epidemic has caused huge losses, and the impact of supply interruption of secondary parts will seriously affect the sales volume in the second quarter. In terms of inventory: the futures inventory of the previous period increased slightly compared with the previous week, and the registered warehouse receipt decreased slightly; In Qingdao Free Trade Zone, affected by demand, the process of natural rubber inventory elimination is slow. Import and export: the data show that in March 2022, China imported 668000 tons of natural and synthetic rubber (including latex), down 6% from 711000 tons in the same period in 2021. From January to March 2022, China imported 1.861 million tons of natural and synthetic rubber (including latex), an increase of 3.9% over 1.791 million tons in the same period in 2021.

Future forecast: the expectation of global economic growth is lowered, domestic public health events are divergent at many points, China’s industrial product circulation system is blocked, raw material delivery pressure is high, car enterprises in some serious areas stop production, downstream demand slows down, the pressure of spot finished products continues to increase, the commencement of production enterprises is blocked, and the future market is expected to continue to be weak and volatile.

Trade name: titanium dioxide

Latest price April 25: 21033.33 yuan / ton

Key points of analysis: on April 25, the price of titanium dioxide in the domestic market was mainly stable. At present, the domestic market has a general trading situation. Traders are more cautious in taking goods and mainly purchase on demand. Titanium dioxide manufacturers mostly focus on the delivery of early orders, and the actual transaction price is negotiated.

It is expected that the titanium dioxide market will operate stably in the short term.

According to the data monitoring of business agency, the average price of acetic acid in East China was 4670 yuan / ton on April 22. Compared with 5100 yuan / ton at the end of last week, it was reduced by 430 yuan / ton, a decrease of 8.43%. As of April 22, the market price of acetic acid in various regions rose and fell as follows:

Region, April 16, April 22, Price rise and fall

South China, 4900 yuan / ton, 4500 yuan / ton, – four hundred

North China, 4800 yuan / ton, 4300 yuan / ton, – five hundred

Shandong Province, 4900 yuan / ton, 4300 yuan / ton, – six hundred

Jiangsu Province, 5000 yuan / ton, 4500 yuan / ton, – five hundred

Zhejiang Province, 5100 yuan / ton, 4600 yuan / ton, – five hundred

During the week, the acetic acid market was weak and downward, and the manufacturer’s quotation was significantly reduced. Affected by the increasing demand of acetic acid plants in Shangyi area, the supply of acetic acid plants in Shangyi area was not restored, and the supply of acetic acid plants in the downstream market was not restored due to the continuous increase of public transportation in Shangyi city. Due to the continuous decline of freight supply in Shangyi City, the market demand of acetic acid plants in Shangyi city and Shanghai was not restored, and the main suppliers were affected by the increase of freight supply in Shangyi city, Acetic acid market continues to be weak.

The upstream methanol market first rose and then fell this week, with limited overall fluctuation. The impact of crude oil weakened, affecting the decline of the futures market. The quotation of domestic production enterprises in the main production areas increased according to their own shipment situation. The methanol market was in sufficient supply. Although there were pre holiday preparation expectations in the downstream, the demand was general. From April 15 to 22, the average price of domestic methanol production enterprises increased from 2812 yuan / ton to 2835 yuan / ton, the price increased by 0.80% during the cycle, and the price fell by 2.91% month on month, Up 12.95% year on year.

Downstream, the ethyl acetate Market declined weakly. On April 22, the price of ethyl acetate in East China was about 8350 yuan / ton, down 1.38% during the week. In terms of enterprise construction, the main large factories in Shandong started normally, which was flat compared with last week. At present, the manufacturer’s inventory pressure is obvious, and the downstream expectation turns weak. Under the oversupply, the manufacturers often reduce the quotation, and the ethyl acetate Market is weak.

According to the acetic acid analyst of business society, there is inventory pressure in the supply of acetic acid market at present. Due to the impact of transportation and the weakness of downstream demand, the market trading is light, and the supply and demand performance is oversupply. It is expected that the future acetic acid market will be weak and sorted out, and pay attention to the downstream purchase.

Trade name: yellow phosphorus

The latest price on April 21: 37166.67 yuan / ton

Key points of analysis: the domestic yellow phosphorus market was basically stable on April 21. The overall market trading situation is acceptable. The May Day holiday is approaching, there are many downstream inquiries, and an appropriate amount of goods are prepared, mainly just in need.

Forecast: the price of yellow phosphorus is relatively strong in the short term.

Ethylene oxide remained stable throughout the week, with the ex factory price of 8200 yuan / ton in East China, North China, South China and Northeast China and 8400 yuan / ton in Central China.

Although ethylene has a downward trend recently, on the whole, the raw material end is still high and strong. At present, the latest price of ethylene in Northeast Asia is US $1310 / ton, that in Southeast Asia is US $1360 / ton, and that of Jinshan Lianmao ethylene is 8500 yuan / ton today, which is the same as that of the previous trading day. In the downstream, each region is affected by the epidemic to varying degrees, which makes it difficult for the overall demand to make up quickly, and the space for repair is limited in the short term. Affected by profit margins, ethylene oxide production load remained low.

Forecast: temporarily stable.