On September 21, the price of metallic cobalt in the domestic non-ferrous metal spot market fell. The average price of cobalt was RMB 48,9250.00/ton, down by RMB 1000/ton from the previous trading day, a decrease of 0.20% and a year-on-year increase of 13.30%.

On September 21, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 20th, the cobalt commodity index was 176.35, which was the same as yesterday. It was 26.19% lower than the highest point of 238.91 points (2018-04-15) in the cycle, which was 152.51% higher than the lowest point of 69.84 on July 5, 2016. (Note: Period refers to 2011-09-01 to date).

On September 21, the domestic price of cobalt was down, the price of cobalt powder in Shanghai was stable, and the actual transaction price fell. On September 21, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 476,000-496,000 yuan/ton, and the price of cobalt was stable. On September 21, the stock was 463 tons, and the warehouse receipt was reduced by 2.25 tons. The supply of cobalt is at a high level, and the cobalt market is in an oversupply state. In terms of demand, the cobalt market has a certain transaction, but the market is still based on on-demand procurement. In the international market, the price of cobalt in the LEM market in London fell. On September 20, the price of cobalt in the LEM market closed at US$60,000/ton, down by US$3,000/ton from the previous trading day. The cobalt stock in the LEM market was 715 tons, and the inventory increased by 4 tons. The increase in cobalt supply has increased, and the overall supply-demand relationship has not changed significantly. The low growth in supply and high growth has led to a weak rise in cobalt prices, and the risk of decline remains. However, due to the high price of the international cobalt mine in the early stage, and the Congolese government officially used cobalt mine as a strategic resource, the tariff is imminent, the import cost of cobalt mine is high, and the space for cobalt price decline is limited.

In terms of market outlook, a small amount of cobalt in the cobalt market, the price of cobalt increased less, and due to the lack of major changes in the supply and demand of cobalt, the overall supply of cobalt in the city is too high, the price of cobalt is difficult to maintain, the cost of cobalt ore is at a high level, and the price of domestic cobalt is still falling. It is expected that the price of cobalt in the market will be stable and stable, and the price of cobalt will remain stable.

First, the price trend:

According to data from business companies, the price of ortho-benzene fell this week. On September 14th, the price of o-xylene was 7437.50 yuan/ton, which was down by 400 yuan/ton compared with the price of o-xylene (OX) of 7,837.50 yuan/ton on September 10, a decrease of 5.10% and a year-on-year increase of 24.88%. The market for o-xylene began to fall sharply in September, but the price is still higher than the same period last year.

Second, the market analysis:

Product:

This week, the inventory of phthalene in the East China Port remained at a low level. As of September 14, the inventory of Huadong Port was about 30,000 tons. The price of phthalate external disk fell. On September 14, the market for the o-xylene market in Europe was quoted at US$1015.00/ton FOB Amsterdam, Rotterdam and Antwerp. The price was US$100/ton from the beginning of this week, and the price rose by US$10/ton. Rising, the cost of imported ortho-benzene increased, and the pressure on imported ortho-benzene prices increased, which was good for the domestic price increase of o-xylene. However, the market for phthalic anhydride and plasticizers downstream of o-benzene fell, the demand for ortho-benzene increased, and the growth of o-benzene was weak, and the risk of falling benzene increased.

Industry chain:

The mixed methanol price fluctuated this week, and the cost of o-xylene rose. On September 14th, the price of mixed xylene was 6960.91 yuan/ton, which was about 160 yuan/ton higher than the price of 6798.18 yuan/ton at the beginning of September (September 10), and the price rose by 2.39%. The price of mixed xylenes has risen, and the cost of o-xylene has increased, which has supported the rise in the market for ortho-benzene.

The phthalic anhydride market fell sharply in September. In September, phthalic anhydride fell by 2.25%. This week, the phthalic anhydride market remained stable. Phthalic anhydride is the main downstream product of o-benzene. The decline in the market of phthalic anhydride directly affects the demand of ortho-benzene. The transaction in the ortho-benzene market is bleak, resulting in a sharp drop in the price of o-benzene. This week, the phthalic anhydride market was stable, and with the decline in the price of phthalic acid, the phthalic anhydride market showed signs of maintaining a stable rebound, and the demand for phthalic acid in the market was gradually picking up.

The downstream DOP market fell, the parade of benzene was cold, and the demand for benzene was general. On September 14th, the price of DOP (East China) was 9375.00 yuan/ton, which was 0.18% lower than the price of 9391.67 yuan/ton at the beginning of the week, up 5.63% from the same period of last year.

Third, the market outlook:

Baijiaxin, an analyst with o-xylene data in the business community, believes that the price of the adjacent xylene external disk has rebounded after a small decline last week. The price of imported ortho-benzene has remained high, and the stock of benzene in the port has been low. Good role. At the same time, the price of mixed benzene in domestic benzene raw materials rose, and the cost of benzene increased, which was good for the price increase of benzene. However, due to the poor market conditions of downstream phthalic anhydride and plasticizers, the demand for o-benzene is relatively small, the market for o-benzene is bleak, and the price of o-benzene is falling, which has a negative impact on the market for phthalene in the market. However, with the decline in the price of ortho-benzene, the phthalic anhydride market or the stimulus partially recovered, and the demand for ortho-benzene increased gradually. However, as the price of ortho-benzene in the current stage is still higher than in previous years, the market for phthalic anhydride and downstream plasticizers is unlikely to rise sharply in the short term. O-benzene will still decline slightly in the short term, but with the increase in demand for ortho-benzene, the price of ortho-benzene It is bound to rise again. It is expected that the price of phthalic acid in the market will rise after a small decline, and the price of ortho-benzene will rebound or rise at around 7,300 yuan/ton.

On September 11, the price of metallic cobalt in the domestic non-ferrous metal spot market rose. The average price of cobalt was 49,2750.00 yuan/ton, which was 0.66% higher than the previous trading day.

On September 11, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 10, the cobalt commodity index was 178.08, up 0.72 points from yesterday, down 26.30% from the highest point of 238.91 points (2018-04-15) in the cycle, up 152.12 from the lowest point of 69.84 on July 5, 2016. %. (Note: Period refers to 2011-09-01 to date).

On September 11, the domestic price of cobalt rose, and the price of cobalt powder in Shanghai remained stable, and the actual transaction price increased slightly. On September 11, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 472,000-496,000 yuan/ton, and the price of cobalt was stable. On September 11, the stock was 632 tons, and the inventory was reduced by 3 tons. The supply of cobalt is at a high level, and the downstream enterprises are purchasing on demand, but the market is still mainly on the sidelines. The cobalt price in the international market has risen slightly, causing the domestic market to follow suit and the short-term domestic cobalt price may rise slightly. On the demand side, the growth rate of new energy vehicles has declined, but the performance is still better than market expectations. The performance of new energy vehicles is positive for the stability of cobalt prices, but it is difficult to change the downward trend of cobalt prices. However, due to the absolute high cobalt price in the previous period, the import cost of cobalt ore is relatively high, and the space for cobalt price decline is limited.

In terms of market outlook, the increase in international cobalt prices has led to a rise in domestic cobalt prices. However, due to the absence of major changes in the supply and demand of cobalt, the overall supply of cobalt is oversupplied, cobalt prices are difficult to maintain, and domestic cobalt prices are still at risk of decline. It is expected that the price of cobalt will fluctuate and stabilize. In the short term, the price of cobalt rebounded slightly.

First, the price trend

According to the urea price monitoring of the business community, the domestic urea market price continued to rise this week, and the market purchased on demand. At the beginning of the week, the domestic factory price of the domestic urea market was 1,956 yuan/ton. On the weekend, the mainstream domestic price of the domestic urea market rose to 1972 yuan/ton, and the weekly increase was 0.79%.

Second, the market analysis

Products: The domestic urea market continued to rise this week, and the equipment was partially overhauled. At present, the mainstream of Shandong continues to rise, and some manufacturers’ prices have risen to 1980-2000 yuan/ton. The overall market turnover is still positive. The domestic environmental inspection atmosphere has not diminished in the near future, and the environmental protection inspection in Shandong has caused the construction to decline, and the demand has declined. Although the start of fertilizer production in autumn was early, the overall industry operating rate of domestic compound fertilizer enterprises rebounded slightly but was slow, and the price of raw urea began to rise, but the price of environmental inspection began to fall. Some enterprises still have reduced production or maintenance, and the load on the equipment is acceptable.

Industry chain: The supply of upstream anthracite market is still tight. Recently, coal prices have risen again. The tight supply of urea raw materials has shown a significant improvement, and urea cost support is still strong. The compound fertilizer started to work low, the raw material transaction slowed down, the grassroots demand in agriculture decreased, and the price in some areas has increased.

Third, the market outlook

Urea prices in foreign countries have continued to rise, and China’s urea exports will increase greatly. In September, the supply of urea will increase slightly. If the environmental protection and relaxation rate will increase, it will still be weak.

First, the price trend

Recently, the market for butadiene has fallen. Business community monitoring showed that as of September 6, the price of butadiene was 13,060 yuan / ton, the day fell 2.17%, the price rose 19.81%.

Second, the analysis of influencing factors

Products: Domestic butadiene market quotation has further declined. Some players are concerned about the increase in the sales volume of Fushun Petrochemical and the cautious wait and see. Traders refer to the manufacturer’s price offer, and the downstream maintenance just needs inquiry. The market enquiry atmosphere in Shandong is still acceptable. The downward adjustment of Fushun Petrochemical’s supply price has increased the wait-and-see attitude of the industry. Some merchants have paid attention to the slight increase in market supply and lowered the offer. Trading in the butadiene market in East China remained stable. I heard that there were cargoes arriving in Hong Kong recently. However, traders were reluctant to ship at lower prices, and downstream buyers were just waiting for the inquiry. Asian butadiene closing price, FOB Korea average price offer 1689 US dollars / ton; CFR China average price offer 1718.5 US dollars / ton.

Industry chain: downstream, styrene-butadiene rubber: domestic styrene-butadiene rubber market fell. The market enquiry atmosphere was light, the merchants were not well shipped and the offer was slightly down. Some of the sources talked about the price and the price was small, and the transaction volume was small. Butadiene rubber, the domestic butadiene rubber market fell. Butadiene continues to fall, and buyers are buying at a lower price. Some merchants are shipping down, and the price range is down, and the volume is not much. SBS: Some brands of oil rubber and dry rubber roads in the domestic SBS market have been pushed up, and the small orders in the market are mainly sold.

Third, the market outlook

On the positive side, the supply of goods in the market is in short supply, and the operating load of some private enterprises is low. On the negative side, downstream buyers have limited ability to accept high prices, and the external market is weak. Fushun Petrochemical’s export of butadiene is expected to increase, and some manufacturers’ prices are lowered. The butadiene analysts of the business community expect that the butadiene market will be dominated in the short term, focusing on the changes in market supply.

In India, the closure of Vedanta’s Sterlite copper smelter, coupled with the closure of production by Indian Copper and India’s Dalco smelter for maintenance purposes, led to a 47.1% decline in domestic refined copper production, rising prices and falling exports.

The capacity of the Sterlite copper smelter is known to be 400,000 tons per year, accounting for 40% of the national copper smelting capacity.

The decline in production at the copper smelter led to a sharp decline in India’s copper exports. As of June this year, exports fell 91.6% in the second quarter and imports increased by 221%.

The rise in Indian copper prices has made aluminum an economic alternative. It is reported that the demand for copper in India’s domestic market mainly depends on electrical appliances (34%), construction (8%), automobiles (11%) and durable consumer goods (8%).