Potassium carbonate market held steady this week (4.12-4.16)

According to the data monitored by the business society, the average price of tax included in the main domestic light potassium carbonate factory in this week was 6687.75 yuan / ton, and the current price rose 0.75% on a month basis, and the current price rose 5.73% year on year.

 

The market of domestic potassium carbonate has not fluctuated much recently, and it has remained stable. The market of potassium carbonate market is generally supplied by large traders, which are sold sparingly. The downstream market purchases on demand. The trading atmosphere of potassium carbonate market is still acceptable and the market is basically unchanged. According to statistics of business agency: the main ex factory quotation range of domestic industrial grade potassium carbonate this week is about 6550-6900 yuan / ton (quotation is for reference only), and different prices are offered according to the purchase situation.

 

Recently, the quotation of the mainstream manufacturers of potassium chloride is at a high level: on April 16, the KCl equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. was in normal operation. The ex factory quotation is about 2350 yuan / ton, the quotation is temporarily stable, and the actual transaction price is mainly through negotiation. On April 16, Anhui Badou Chemical Co., Ltd. quoted about 2650 yuan / ton for potassium chloride distribution, which was temporarily stable, and the actual transaction price was mainly through negotiation. Recently, the market of potassium chloride is in high consolidation, the new goods of border trade arrive at shore slowly, and the cost is better, which can form a certain support for potassium carbonate.

 

The analysts of the business agency think that the supply of source in domestic potash market is relatively tight, and the arrival of new port sources is not sufficient. It is expected that the price of potassium carbonate will increase in the short term, and the long-term market will still need to wait and see. (the above prices are provided by the main manufacturers of potassium nitrate all over the country and sorted out and analyzed by the potassium carbonate analysts of the business society. They are for reference only. For more price details, please contact the relevant manufacturers for consultation).

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Weak market of caustic soda this week (4.12-4.16)

1、 Price trend

 

According to the monitoring data of the business community, the price of caustic soda is mainly weak. At the beginning of the week, the average price of Shandong market is about 467.5 yuan / ton, and at the end of the week, the average price is 460 yuan / ton, with a price drop of 1.6%, and a price drop of 13.21% compared with the same period last year. On April 15, the commodity index of caustic soda was 66.19, which was the same as yesterday, decreased by 68.00% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 1.66% compared with 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)

 

2、 Market analysis

 

Caustic soda fluctuates in a narrow range, and the market operation is dominant. The price of caustic soda in Shandong is weak, and the mainstream ex factory price of 32% caustic soda is 390-490 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to operate with small fluctuation in the future. In Hebei area, the market of caustic soda fluctuates mainly in a narrow range. At present, the mainstream ex factory price of 32% caustic soda is 460-590 yuan / ton. The company’s shipment is general, and the downstream receiving situation is light and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future.

 

From the downstream of caustic soda to the end of demand, aluminum, paper and other industries adhere to the demand-based procurement, a strong wait-and-see attitude. The price of caustic soda lacks strong support, and the price of caustic soda is weak.

 

According to the price monitoring of the business community, in the 14th week of 2021 (4.5-4.9), the price of chlor alkali industry increased by 1 commodity, decreased by 2 commodities, and decreased by 0 commodity. The main commodities rising were PVC (1.49%); the main commodities falling were calcium carbide (- 4.76%) and caustic soda (- 4.59%). This week’s average rise or fall was – 1.57%.

 

Business analysts believe that in the near future, the caustic soda enterprises are not warm in shipment, and the downstream receiving situation is weak and stable, with a strong wait-and-see atmosphere. It is expected that the follow-up operation of caustic soda will mainly fluctuate slightly, depending on the downstream market demand.

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Cost stimulates acetic anhydride price to a new high

Price trend

 

According to the data monitoring of the business association, after a slight drop in the price of acetic anhydride in March, affected by the rise in the price of raw materials, the price of acetic anhydride soared in April, breaking the historical record of 10000 yuan / ton. On April 15, the price of acetic anhydride was 10300 yuan / ton, up 10.16% from 9350.00 yuan / ton on April 1. The price of acetic anhydride exceeds 10000 yuan, and some manufacturers offer as high as 11000 yuan / ton.

 

Acetic acid price trend

 

As can be seen from the price trend chart of acetic acid, the price of acetic acid rose sharply in April, and the market of acetic acid rose. It is difficult to set the schedule for the start of Shunda acetic acid plant. The unexpected shutdown of BP acetic acid plant in Nanjing resulted in the decrease of acetic acid supply and the shortage of acetic acid, which stimulated the rise of acetic acid price. In April, the price of acetic acid soared all the way, and the raw material cost of acetic anhydride rose, which pushed the price of acetic anhydride up.

 

Acetic acid commodity index reaches a new high

 

According to the monitoring of business news agency, the acetic acid commodity index on April 14 was 184.52, up 3.3 points from yesterday, reaching a record high in the cycle, up 297.16% from the lowest point of 46.46 on February 21, 2016 (Note: cycle index since September 1, 2011). The price of acetic acid reached a record high, the cost of acetic anhydride rose, and the driving force of acetic anhydride rise increased.

 

Market summary and future forecast

 

Bai Jiaxin, acetic anhydride data analyst of business news agency, believes that the rising cost of acetic anhydride has stimulated the price of acetic anhydride to reach a new high due to the impact of a record high price of acetic acid. Acetic acid market is difficult to change in the short term, the cost of acetic anhydride is still high, the pressure of acetic anhydride in the future is insufficient, and the rising power is strong. At the same time, due to the strong resistance of downstream customers to high price acetic anhydride, the rising space of acetic anhydride is limited. It is expected that the acetic anhydride market will stabilize after a small rise in the future.

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Lack of demand power, PET supply and demand deadlock,the price is up and down dilemma

According to the data monitored by the business community, as of April 14, the quotation of pet water bottle manufacturers was 7050.00 yuan / ton, and the market focus of PET bottle chips declined, which was 1.63% lower than that of the same period last month. The overall market transaction atmosphere was cold.

 

Pet market price is stable but weak, some factories slightly reduce 50-100 yuan / ton, downstream demand is insufficient, the number of new orders is limited, upstream price is up in a narrow range, pet cost support is general, compared with the same period last week, PTE price decreased by 1.63%, the decline is 110 yuan / ton, inventory consumption is slow, supply and demand is stalemate, rise and fall dilemma, the overall market purchasing atmosphere is cold.

 

Manufacturer / region: Quotation (yuan / ton) date

Zhejiang wankai PET bottle chip Co., Ltd

Zhuhai China Resources Co., Ltd. ﹣ 7050 ﹣ April 14

Henan Anhua polyester bottle chip Co., Ltd

Yizheng Chemical fiber bottle piece 6800 April 14

Xiamen Tenglong plastic bottle 6900 April 14

Guangdong Taibao polyester bottle chip Co., Ltd

Ethylene glycol index: on April 13, the commodity index of ethylene glycol was 52.12, down 0.93 points from yesterday, down 50.30% from the highest point of 104.87 points (2011-09-18), and up 55.44% from the lowest point of 33.53 points on April 2, 2020. (Note: period refers to 2011-09-01 to now).

 

Pet analysts of business news agency believe that: in terms of cost, the upstream raw material support is insufficient, the downstream demand is poor, the overall market shipment is slow, the pet market is in a narrow range of shocks, and the operation is weak and stable. (to know more about the latest market trends, please pay attention to the official account of the business community, get information on goods and grasp the price of commodities).

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Lithium hydroxide market price rises this week (4.5-4.11)

1、 Price trend of lithium hydroxide

 

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(Figure: p-value curve of lithium hydroxide product)

 

2、 Market analysis

 

As of April 11, the average price of domestic industrial grade lithium hydroxide enterprises was 75666.67 yuan / ton, up 0.89% compared with the beginning of the week, 12.38% compared with March 11, and 45.51% compared with January 1, according to the data from the business club’s block list.

 

This week, the domestic market of industrial grade lithium hydroxide rose, the market supply was tight, the demand side was steady, the offer of goods holders was firm, and the market was hard to find low-cost goods.

 

Output data of lithium hydroxide: in March 2021, the output of lithium hydroxide of major manufacturers in China was 12800 tons, up 13.27% month on month and 85.51% year on year.

 

According to the price monitoring of the business community, the market of lithium carbonate in the upstream is mainly stable in the near future. As of April 11, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was the same as that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton on April 1). On April 11, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was the same as that at the beginning of the month (the average price of carbon in East China was 90600 yuan / ton on April 1).

 

According to the price monitoring of the business community, in the list of commodity prices in the 14th week of 2021 (4.5-4.9), there were 38 kinds of commodities in the chemical industry sector that rose month on month, among which 8 kinds of commodities increased by more than 5%, accounting for 8.7% of the total number of commodities monitored in the sector; the top 3 commodities were nitric acid (8.94%), acetic acid (8.70%) and ethyl acetate (8.13%). There were 27 kinds of commodities with a month on month decrease, and 5 kinds of commodities with a decrease of more than 5%, accounting for 5.4% of the number of commodities monitored in the sector. The top 3 products with a decrease were butadiene (- 10.77%), formic acid (- 8.38%) and acrylic acid (- 8.31%). The average rise and fall this week was 0.25%.

 

3、 Future forecast

 

According to the lithium hydroxide analysts of business news agency, the recent stable operation of upstream lithium carbonate, coupled with the steady performance of supply and demand support, it is expected that in the short term, the domestic industrial lithium hydroxide Market will be mainly strong, and the specific trend needs to pay more attention to the market information guidance.

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