1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this month, and the average price of domestic mainstream market price of neopentyl glycol fell from 19000.00 yuan / ton on March 1 to 17733.33 yuan / ton on March 30, down 1266.67 yuan / ton, or 6.67%.

2、 Market analysis

The quotation of mainstream manufacturers of neopentyl glycol decreased slightly this month: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the end of the month was 17500 yuan / ton, which decreased by 500 yuan / ton compared with the beginning of the month; The selling price of Jinan aochen Wanhua neopentyl glycol at the end of the month was 17700 yuan / ton, which was 1300 yuan / ton lower than that at the beginning of the month; The selling price of Shandong Zhiying Jihua neopentyl glycol at the end of the month was 18000 yuan / ton, which decreased by 2000 yuan / ton compared with the beginning of the month

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has twists and turns this month. The quotation first increased from 13866.67 yuan / ton on March 1 to 15466.67 yuan / ton on March 10, an increase of 11.54%, then decreased to 10833.33 yuan / ton on March 21, a decrease of 29.96%, and then increased to 15966.67 yuan / ton, an increase of 47.38%. Overall, the isobutyraldehyde market rose slightly this month, up 15.14% for the whole month. The market price of upstream raw materials rose slightly, which had a positive impact on the price of neopentyl glycol due to the influence of supply and demand.

3、 Future forecast

The overall trend of neopentyl glycol market in the middle and early April may rise slightly. The upstream isobutyraldehyde market rose slightly, the cost support was strengthened, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol of business society believe that the short-term neopentyl glycol market may rise slightly under the influence of supply and demand and raw materials.

Price trend

According to the bulk list data of business society, the domestic PC market rebounded after rising this month, and the spot price was higher than that at the beginning of the month. As of March 29, the reference offer of PC sample enterprises of business society was about 22683.33 yuan / ton, with an increase or decrease of + 1.42% compared with the average price at the beginning of the month.

Cause analysis

The upstream and downstream markets of epoxy resin and propylene oxide products are relatively weak, while the upstream and downstream markets of epoxy resin products are relatively weak. In the middle of the year, due to the sharp correction of international crude oil, the market wait-and-see mood increased, and the bisphenol a market continued its downward trend in the latter half of the year. The terminal demand remained sluggish this month, and the market atmosphere was cold. Offer for profit under the pressure of the carrier. Downstream large enterprises are mostly contract oriented, and it is expected that the short-term bisphenol a market may be difficult to warm up.

Upstream bisphenol a market rose and then fell, and the support for PC cost side was strong first and then weak. In terms of industrial load, some domestic PC enterprises had maintenance at the beginning of the month, and some completed work and production resumption within the month, but the overall load change was limited. In the last ten days of the year, the products of the new production line were put into operation in the field, and the profit of the supply side was gradually diluted out within a month. There was no substantial progress in the tension in Eastern Europe, which affected the finishing of the rise in the far upstream crude oil. Although it rose again in the latter ten days, there were great differences among market participants and the downward transmission of benefits was poor. In addition, the shipment mentality of some businesses is weak, and the domestic market is affected by the health market adjustment.

Future forecast

Business analysts believe that: in March, the domestic PC market rebounded after the rise, the upstream bisphenol a market was under pressure after the rise, and the cost side support for PC changed from strong to weak. In terms of supply, the on-site supply of goods increased slightly. This month, the downstream demand side mainly took the goods contract, and the trading was light. In addition, some regions were restricted by health events, and the market momentum decreased. It is expected that the spot price may continue to be weak in the short term.

According to the monitoring of the business agency, the price index of the domestic rare earth market has declined. Recently, the rare earth market has continued to decline. Recently, the price of praseodymium and neodymium in China has fallen sharply, and the price of terbium in the heavy rare earth market has fallen. On March 27, the rare earth index was 918 points, unchanged from yesterday, down 8.84% from the highest point 1007 points in the cycle (2022-02-24), and up 238.75% from the lowest point 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

In March, the price trend of domestic light rare earth market fell, and the price of praseodymium neodymium series, the mainstream of rare earth market, fell. In terms of products:

It can be clearly seen from the product price trend chart that the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide have declined. As of the 28th, the price of neodymium oxide in rare earths in China was 1.05 million yuan / ton, down 13.93%; The price of neodymium was 1.31 million yuan / ton, down 11.78%; The price of praseodymium oxide was 985000 yuan / ton, with a decrease of 9.63%; The price of praseodymium neodymium oxide was 985000 yuan / ton, down 10.86%; The price of praseodymium neodymium alloy was 1.21 million yuan / ton, a decrease of 11.68%; The price of metal praseodymium was 1.315 million yuan / ton, with the price falling by 5.40%, and the trend of domestic rare earth market fell sharply.

The price of rare earth in the domestic market fell sharply, mainly due to the lack of active downstream procurement and consumption of inventory. In addition, affected by the epidemic, some downstream production was affected and downstream demand was limited. In addition, affected by the mentality of buying up but not buying down, the downstream magnetic material enterprises continued to reduce inventory, the demand for spot procurement was weak, and the trend of rare earth market fell. Due to the decrease in demand, the supply of mainstream products such as praseodymium and neodymium oxide of some large upstream groups is normal, the demand for permanent magnet has little change, the new energy industry is relatively normal, and the demand for rare earth permanent magnet of upstream materials is acceptable. The sales of new energy vehicles were normal, the demand for rare earth was normal, the delivery of rare earth oxides was poor, and the price fell. The rare earth metal factory was more cautious in purchasing without lock orders, and the market price of rare earth in the field fell sharply.

The national environmental protection supervision is still continuing, and the peak season of rare earth demand is over. However, the launch of relevant policies in the rare earth industry is expected, and the market price of rare earth is still supported. At present, the inventory of neodymium praseodymium oxide is much lower than that in the early stage, and the buyers are affected by the mood of buying up or not buying down, and the price in the floor is declining. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in February 2022, China’s automobile production and sales reached 1.813 million and 1.737 million respectively, with a month on month decrease of 25.2% and 31.4%, a year-on-year increase of 20.6% and 18.7%. Automobile production and sales showed a steady and slight growth. Recently, the demand in the field of new energy is high, the delivery situation in the domestic light rare earth market is poor, and the price is low. Affected by this, the price trend of domestic heavy rare earth market fell.

As can be seen from the trend chart, the price of dysprosium Series in China fell sharply. As of the 28th, the price of dysprosium oxide was 2.835 million yuan / ton, a decrease of 9.42%; The price of dysprosium ferroalloy was 2.825 million yuan / ton, with a monthly decrease of 9.31%; The price of dysprosium metal was 3.815 million yuan / ton, a decrease of 4.27%; The price of terbium Series in China has declined. The price of terbium oxide in China is 13.65 million yuan / ton, and the price of metal terbium is 17.65 million yuan / ton. The price trend of heavy rare earth has declined, the transaction market of domestic rare earth market has fallen, and the purchase of leading magnetic material factory is not active, which has led to the decline of domestic heavy rare earth market. Recently, some separation enterprises in the areas where medium and heavy rare earth mines are used such as Jiangxi, Hunan, Guangdong and Guangxi have restarted, and the supply has eased, which has led to the decline of heavy rare earth market price. However, Myanmar’s export is limited, and the global rare earth supply is relatively concentrated, Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on products in the domestic heavy rare earth market. Recently, the on-site procurement is not active, and the on-site heavy rare earth price trend has fallen sharply.

In addition, the national policy supports the rare earth market. The first batch of Rare Earth total amount control indicators in 2022 are in line with expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, rock ore type rare earths (mainly light rare earths) were 89310 tons, with a year-on-year increase of + 23.2%, and ionic rare earths were 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earths, which will be a long-term trend, and there is still support from domestic rare earths.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand is guaranteed. However, the recent downstream procurement is not active, the accumulation of rare earth enterprises is increasing, the recent on-site transaction market is general, and the later supply enterprises will continue to drive and restart. Chen Ling, an analyst of health society, expects the price trend of rare earth market to decline in the later period.

According to the data of business agency, from March 18 to 25, the domestic MTBE market rose first and then fell. The overall rise was that the price of MTBE rose from 7612 yuan / ton to 7975 yuan / ton. During the cycle, the price rose by 4.77%, the price rose by 9.85% month on month and 39.67% year-on-year.

MTBE market rose again, with an increase of about 100-500 yuan / ton. After the price fell to a low level last week, downstream businesses replenished on bargain hunting, and business sales are getting better and better. At the same time, the international crude oil rose again, and the Brent price gradually rose again to above US $120 / barrel, which gave a strong support to the commodity market. In addition, the gasoline price also continued to rise this week, and the demand for raw materials increased, stimulating MTBE businesses to follow up. However, due to the obstruction of transportation, it is difficult to fully open the demand side and make the market rise unsustainable.

In terms of methanol, the domestic methanol market rose first and then fell this week. The rebound of crude oil and the continuous low level of social inventory contributed to the rise of this round of methanol market. However, with the rise of order transfer, the transaction is not smooth and the decline of crude oil, the market sentiment has changed rapidly, the focus of negotiation began to fall, and the transaction atmosphere has obviously weakened. The price market then fell narrowly.

In terms of external trading, as of the closing on March 24, the closing price of Asian MTBE market increased by US $26 / ton compared with the previous trading day, and FOB Singapore closed at US $1200-1202 / ton. The closing price of European MTBE market decreased by US $18.25/t compared with the previous trading day, and FOB ara closed at US $1178.5-1179/t. The closing price of the US MTBE market decreased by US $17.97/ton compared with the previous trading day, and the FOB Gulf FOB price closed at US $1298.73-1299.09/ton (365.84-365.94 cents / gallon).

Region, country., Closing price, Rise and fall

Asia ., FOB Singapore, USD 1200-1202 / ton ., USD 26 / ton

U.S.A ., FOB Bay ., 1298.73-1299.09 USD / ton .,- USD 17.97/t

Europe ., FOB ARA ., 1178.5-1179 USD / ton .,- 18.25 USD / ton

In terms of enterprises, Shida Shenghua MTBE was reduced by 50 yuan / ton for the second time, and the quotation was 7850 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical was reduced by 50 yuan / ton to 7850 yuan / ton for the second time.

Driven by the rise of crude oil, the market went up again and the transaction improved. Affected by transportation factors, there is no significant positive change in demand for the time being. Business agency MTBE analysts believe that in the short term, the domestic MTBE market fluctuates mainly in a narrow range.

This week (3.14-18), the domestic butyl acetate market fell. Butyl acetate generally fell in the absence of supply and demand support and cost decline. According to the monitoring of business society, butyl acetate decreased by 1.43% this week. Butyl acetate is quoted at the domestic mainstream price of 10400-10000 tons at the weekend.

First, in terms of cost, the high levels of acetic acid and n-butanol fell. In particular, the decline of n-butanol is obvious, and the decline of cost is the main reason for the decline of butyl acetate price.

From the perspective of acetic acid, according to the monitoring of business society, East China acetic acid fell by 2.40% this week. This week, the domestic acetic acid market was mostly weak. Due to the sharp rise in the price of acetic acid in the first ten days, the overall acceptance of the downstream was not high. Therefore, the prices in Northwest and central China were mostly callback this week; Especially in East China and North China, affected by the epidemic, sales are blocked, but the overall inventory pressure of the factory is small, and the price is relatively resistant to decline; From the perspective of supply and demand, the acetic acid market is still in abundant supply, and the downstream demand maintains rigid demand. The falling price of acetic acid weakened the support of ethyl ester and butyl ester in the downstream.

In terms of upstream n-butanol, according to the data monitoring of business society, this week, the decline of n-butanol in Shandong Province was 8.23%. The demand for n-butanol in the downstream is reduced, and the inventory in the early stage is mainly digested, and the demand support is loose; In addition, the continuous decline of crude oil prices affected the mentality of n-butanol operators. The downstream decline started, the demand support continued to be insufficient, the supply pressure of n-butanol increased, and the market focus of n-butanol in Shandong continued to decline, with a weekly decline of nearly 1000 yuan. At present, the downstream demand is weak, and the trading atmosphere of n-butanol is general.

In terms of supply and demand, butyl acetate shows the characteristics of weak supply and demand. On the supply side, the operating rate of the manufacturer is normal, but the downstream demand has not improved significantly. The market trading atmosphere is poor, and most operators are bearish. Due to the epidemic, transportation is limited, and the rise of freight rates has further suppressed some demand. The substitution of other raw materials has occupied part of the demand for butyl, and the weak demand is the fundamental reason for the decline of butyl price.

Future forecast: in the short term, butyl acetate Market will remain weak. In the near future, we need to pay attention to whether the upstream acetic acid market can be reversed and the operation of downstream factories.

1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 fell, and the spot prices of various brands gradually decreased. As of March 18, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 16166.67 yuan / ton, up or down by + 2.54% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam fell this week. The price of raw material pure benzene decreased, the cost side support weakened, and caprolactam enterprises reduced the price accordingly. The overall demand on the floor is not strong, the bad factors are superimposed, and the caprolactam market weakens.

The upstream caprolactam price fell, and the cost side support of PA6 weakened. The operating rate of domestic PA6 polymerization plant increased in a narrow range this week, with an overall stability of 70%. On the cost side, due to the easing of the situation in Russia and Ukraine, the international crude oil price plummeted, the petrochemical industry chain products fell, and the cost side support of PA6 collapsed. The supply side of PA6 continues the previous abundant pattern, and the demand of downstream enterprises is flat. In addition to contract production and delivery, there are few large-scale goods preparation in the field. Downstream purchasing is weak. Due to the obstruction of logistics in many places caused by recent health events, PA6 trading has further shrunk. At present, PA6 is bad and the market has weakened.

3、 Future forecast:

Business analysts believe that the spot price of PA6 fell this week, the trend of caprolactam was poor, and the cost support of PA6 weakened. The terminal demand maintains a weak pattern. Buyers resist the supply of high-priced goods, and buy up rather than down on the floor. At the same time, the logistics is blocked, affecting the delivery and delivery. It is expected that the PA6 market may remain weak and volatile in the short term.

This week, the lead market (3.11-3.18) “V” trend. The average price of the domestic market was 15125 yuan / ton last weekend and 15165 yuan / ton this weekend, with a weekly increase of 0.26%.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the trading society, there are five commodities in the list of commodity prices rising and falling in the non-ferrous sector in the 11th week of 2022 (3.14-3.18). The top three commodities are aluminum (2.83%), antimony (2.15%) and copper (1.45%). A total of 17 commodities fell month on month, and 2 commodities fell by more than 5%, accounting for 8.7% of the monitored commodities in this sector; The products with the top three declines were electrolytic manganese (- 25.70%), praseodymium neodymium alloy (- 5.64%) and neodymium oxide (- 3.45%). The average rise and fall this week was – 2.19%.

In the futures market, Lun lead made a continuous correction this week, with an overall price of US $2230-2320 / ton, down 1% in the week. Mainly due to the high US dollar, the general pressure on the metal market, the overall low operation of Lun lead and the overall low LME inventory. In terms of Shanghai lead, the overall bottom rebounded this week, with a shock range of 14910-15345 yuan / ton. At the beginning of the week, the metal market mentality was mainly downward due to the impact of domestic public health events. On Thursday, the State Council held a financial conference, which sent a signal to maintain stability, boosted market confidence, and the trend of Shanghai lead began to rebound.

The trend of domestic spot market this week is basically consistent with that of Shanghai lead, with an overall “V” trend. Basically, the downstream battery enterprises have basically resumed normal production. Although public health events have occurred in many places in China, there is no obvious impact on the supply of primary lead. The downstream battery enterprises are boosted by the recovery of the overseas market. At present, the production situation is OK, and the operating rate has picked up to a certain extent. However, the domestic market has gradually entered the traditional seasonal off-season, and the demand support is weak. The lead ingot is mainly purchased on demand, the lead ingot price has declined, the domestic market trading is better, some bargain hunting purchases, and the overall inventory has declined to a certain extent.

In the future, the business society believes that the decline in inventory has a certain support for the lead price, but the downstream gradually enters the off-season, and the support for the demand for lead ingots is limited. It is expected that the lead price will still maintain a volatile trend.

This week (from March 11 to March 18), 1# electrolytic manganese market price was mainly downward. The spot market price in East China was 33550 yuan / ton last weekend and 23850 yuan / ton this weekend, down 28.91%.

Spot price of electrolytic manganese (djmnp grade) from March 11 to March 18, 2022 (unit: ton)

Major producing areas., 18 day output., Transaction price on the 11th., Transaction price on the 18th., Weekly rise and fall

Ningxia., 0。，-。，-

Guangxi, Yunnan., 492。， 33900-34400。， 28000-28500。，- five thousand and nine hundred

Xinjiang (arrival at Tianjin Port)., -, –

Guizhou, Sichuan and Shaanxi., 267。， 33900-34400。， 28000-28500。，- five thousand and nine hundred

Hunan, Hubei., 78。， 33900-34400。， 28000-28500。，- five thousand and nine hundred

total., 837。，-。，-

Note: the transaction price is the ex factory price settled in cash by each electrolytic manganese production enterprise in each production area, and the daily output is the total output of electrolytic manganese products (including unqualified products) of all enterprises in production in each production area.

Note: the above data are from the national Manganese Industry Technical Committee.

Manganese ore: domestic manganese ore maintains a high level and strong operation. On March 18, the mainstream Australian block in Tianjin Port was quoted as 62 yuan / ton degree, the semi carbonic acid in South Africa was quoted as 42 yuan / ton degree, and the Gabon block was quoted as 60 yuan / ton degree; Qinzhou Port manganese ore mainstream Australian block reported 62 yuan / ton degree, South Africa Semi carbonic acid reported 42.5 yuan / ton degree, Gabon block reported 59.5 yuan / ton degree.

This week, the electrolytic manganese market continued to decline last week, and the market bearish sentiment was strong. The downstream is still to maintain on-demand procurement, but the inquiry price is low. With the sharp decline in the price within the week, the market anxiety has increased, and some manufacturers said that there is no spot shipment for the time being. The overall performance of the market lacks favorable support. With the impact of public health events in many places in China on transportation, the transportation of manganese products is blocked, which is bad for the market mentality again. The market expects that the loose supply brought by the resumption of production of most manufacturers in April may affect the market mentality again, but the exact commencement time has not been determined. There are many market news, the overall wait-and-see mood of the market is heavy, the mentality of supply and demand game is heavy, and the market bearish mood prevails. Without favorable support, it is afraid that the price will decline further.

Manganese and silicon: according to the price monitoring of business society, the mainstream quotation in Ningxia (specification: femn68si18) on March 18 was around 8500-8600 yuan / ton, and the average market price was 8550 yuan / ton, up 18.58% year-on-year.

The price of orthobenzene remained stable this week

According to the price trend chart of orthobenzene in business society, the price of orthobenzene was temporarily stable this week. As of March 18, the price of orthobenzene was 9000 yuan / ton, unchanged from 9000 yuan / ton on March 11 last week. The price of o-xylene fell, and the price of o-xylene fell.

The price of raw material mixed xylene fell

According to the trend chart of mixed xylene in business society, the price of mixed xylene fell this week. As of March 18, the price of mixed xylene was 7880 yuan / ton, down 9.94% from 8750 yuan / ton on March 11 last week. The price of mixed xylene fell, the cost of o-xylene fell, the rising power of o-xylene weakened, and the downward pressure increased.

Downstream phthalic anhydride prices fluctuated and fell

As can be seen from the price trend chart of phthalic anhydride in business society, the price of phthalic anhydride fell this week. As of March 18, the price of phthalic anhydride was 8925 yuan / ton, down 2.46% from 9150 yuan / ton on March 11 last week. The conflict between Russia and Ukraine eased, the price of crude oil fell sharply, and the price of phthalic anhydride fell. This week, the price of phthalic anhydride fell, the demand for o-xylene decreased, the rising power of o-xylene weakened, and the downward pressure increased.

Outlook

Analysts of o-xylene data of business agency believe that the conflict between Russia and Ukraine is expected to ease, the price of crude oil falls, the price of mixed xylene falls, the cost support of o-xylene weakens, the downstream demand weakens, the rising power of o-xylene weakens, and the downward pressure increases. Generally speaking, the pressure on the decline of the cost of orthobenzene is increasing, the demand power is weakening, and the price of orthobenzene is expected to be weak and stable in the future.

According to the monitoring data of business agency, the external price of ethylene fluctuated and rose this week. The average price of ethylene at the beginning of the week was US $1445.25/ton, and the average price of ethylene at the weekend was US $1473.00/ton, up 1.92%. The current price rose by 21.16% month on month, and the current price rose by 26.85% year-on-year.

This week, the external ethylene market generally showed an upward trend. The price of ethylene in Asia fell. As of the 16th, CFR Northeast Asia closed at US $1296-1306 / ton and CFR Southeast Asia closed at US $1296-1306 / ton. European ethylene market prices rose sharply. As of the 16th, FD northwest Europe closed at US $1744-1754 / ton and CIF northwest Europe closed at US $1537-1545 / ton. The price of ethylene in the United States fell. As of the 16th, the price was 636-653 yuan / ton. This week, the market price of ethylene in the outer market fluctuated, with an overall rise, mainly affected by the upstream crude oil, rising first and then falling.

International: crude oil prices fell this week. As of the 16th, the settlement price of the main contract of WTI crude oil futures in the United States was US $95.04/barrel, down US $1.4 or 1.5%; The settlement price of the main contract of Brent crude oil futures was US $98.02/barrel, down US $1.89 or 1.9%. The data released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories rose for the first time in three weeks, and the market was worried that high oil prices would suppress demand.

Recently, the market price of styrene has continued to decline. The market focus of raw material pure benzene has been lowered, and the cost support of styrene is poor. At present, the spot supply is relatively abundant, and the downstream is dominated by digestion contracts, and the market transaction is weakened. The styrene market continued to decline.

The ethylene analyst of the chemical branch of the business agency believes that: at present, in terms of crude oil, the international crude oil price has fallen sharply and the cost support is insufficient. Therefore, the data analyst of the business agency predicts that the external price of ethylene will mainly fall next.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1363 yuan / ton on March 7 and 1740 yuan / ton on March 11. The price of ammonium sulfate increased by 27.63% this week.

2、 Market analysis

The price of ammonium sulfate rose continuously this week, with an increase of 300-500 yuan / ton, and the market rebounded strongly. As the price of urea at home and abroad continues to rise, it is good for the market of ammonium sulfate. Downstream enterprises purchase intensively, the atmosphere in the venue heats up rapidly, and the industry is mostly bullish. This week, the bidding price of coking grade ammonium sulfate enterprises increased significantly, and the internal grade ammonium sulfate also rose rapidly, but the downstream still has a mentality of resistance to the high price ammonium sulfate. As of March 11, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1720 yuan / ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1800 yuan / ton. Hexene grade ammonium sulfate, the ex factory quotation in Shandong is 1700-1800 yuan / ton.

This week, due to the continuous rise of urea price and the strengthening of resistance in the downstream of urea, the rise of urea led to the sharp rise of ammonium sulfate Market. This week, the downstream compound fertilizer was put into operation at a high level. Due to the sharp rise of compound fertilizer raw materials, compound fertilizer enterprises mostly hold a wait-and-see attitude and do not offer for the time being. Under the pressure of cost, the short-term compound fertilizer market is mainly consolidated, waiting for the information guidance.

3、 Future forecast

The ammonium sulfate analyst of the business agency believes that with the advent of spring ploughing and the peak season of domestic fertilizer use, dealers are actively taking goods. The bullish atmosphere in ammonium sulfate field is strong, and the demand side is waiting for continuous follow-up. The rise of urea is good for the market of ammonium sulfate. Ammonium sulfate is expected to continue the upward trend in the short term, but it is already at a high level and the rising space is limited.

According to the monitoring data of business society, as of March 11, 2022, the average price of organosilicon DMC market quotation in mainstream areas was 35720 yuan / ton. Compared with the price on March 6, 2022 (the reference price of organosilicon DMC was 37300 yuan / ton), the average price was reduced by 1580 yuan / ton, a decrease of 4.24%.

It can be seen from the data monitoring chart of business agency that this week, the market trend of domestic silicone DMC was rising first and then falling. At the beginning of this week, on March 7, the domestic organosilicon DMC market rose broadly. A large organosilicon DMC factory in Shandong significantly increased the ex factory price of organosilicon DMC by 1500 yuan / ton. The ex factory price of organosilicon DMC in this factory was referred to as 39500 yuan / ton. Then on the 8th, the offers of other factories were stable, followed by small and medium-sized increases, and the phenomenon of market closure increased. On the 8th, The factory quotation of domestic silicone DMC refers to around 38000-39000 yuan / ton. On the 9th, the opening price of Shandong large factory fell sharply, and the price fell by thousands of yuan. The ex factory price of silicone DMC of the factory fell to 38500 yuan / ton. The quotation of other factories was multidimensional and stable, and the trading atmosphere on the floor was general. The downstream began to prepare goods carefully due to the continuous wide rise in the early stage, and the conduction obstruction on the floor appeared. On the 10th, Shandong large factory fell sharply again, The price of organosilicon DMC has dropped to 34000 yuan / ton, and there is a heavy wait-and-see mood in the downstream. On March 11, the offer price of Shandong large factory rebounded. The ex factory price of silicone DMC was 34600 yuan / ton, up 600 yuan / ton compared with the previous day. The quotations of other factories and suppliers were mostly stable or based on actual negotiations. At present, as of March 11, the trading atmosphere of silicone DMC was general, and the rise and fall of the situation brought constant tension to the market, and the wait-and-see mood was always strong.

In terms of upstream metal silicon, since March, the domestic metal silicon (441#) market has been rising as a whole. According to the monitoring data of business society, the average reference price of metal silicon was 23910 yuan / ton on March 10, up 4.46% compared with 22890 yuan / ton on March 1.

Silicone DMC market outlook forecast

This week, the domestic organosilicon DMC market fluctuated frequently, and the actual transaction on the floor was handled cautiously. The organosilicon DMC data division of business society believes that in the short term, the domestic organosilicon DMC market is mainly adjusted and operated in a narrow range, and more attention should be paid to the trend changes of supply and demand.

Cobalt prices rose slightly this week

According to the data monitoring of business agency, the domestic cobalt price rose slightly this week, and the cobalt market rose. As of March 14, the average price of cobalt was 568500 yuan / ton, up 0.87% from 563600 yuan / ton on March 7 last week. On March 13, the cobalt commodity index was 203.06, unchanged from yesterday, down 15.01% from the highest point 238.91 in the cycle (2018-04-15), and up 190.75% from the lowest point 69.84 on July 5, 2016. (Note: the period refers to the period from September 1, 2011 to now). The impact of cobalt price on the historical high is limited, and the risk of cobalt price decline remains.

The international cobalt price fluctuated and rose this week

As can be seen from the trend chart of MB cobalt price, MB cobalt price rose sharply this week, the price of international standard cobalt rose sharply, the domestic cobalt market was good, the increase of international cobalt price increased, and the international cobalt market was good for the domestic cobalt market.

Sales of new energy vehicles fell

According to the data released by China Automobile Association, in February, China’s production and sales of new energy vehicles completed 368000 and 334000 respectively, with a year-on-year increase of 2.0 times and 1.8 times respectively. According to the data of the travel Federation, the wholesale sales of new energy passenger vehicles in China reached 317000 in February, with a year-on-year increase of 189% and a month on month decrease of 24%, which is less than that in previous years. In February, the retail sales volume of new energy passenger vehicles reached 272000, with a year-on-year increase of 181% and a month on month decrease of 23%. The month on month decrease was better than that in February. The sales volume of new energy vehicles decreased month on month, the demand for new energy vehicles decreased, the demand of cobalt market fell, and the rising power of cobalt Market weakened.

Market Overview

Bai Jiaxin, a data analyst of business agency, believes that the sales of new energy vehicles fell slightly and the demand of cobalt market fell. This week, the international cobalt price rose sharply, the price difference between domestic and foreign cobalt prices still exists, the driving force of cobalt price rise is large, the domestic cobalt price is close to the historical high, the domestic cobalt price rise is too fast, and the risk of decline in the domestic cobalt market still exists. Generally speaking, the demand growth has a strong upward momentum in the cobalt market. The domestic cobalt price rises too fast, and the risk of decline in the cobalt market remains. It is expected that the cobalt price will rise slightly in the future.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this week. The average price of domestic mainstream market price of neopentyl glycol fell from 19000.00 yuan / ton at the beginning of the week to 18166.67 yuan / ton at the end of the week, a decrease of 4.39%.

2、 Market analysis

The quotation of mainstream manufacturers of neopentyl glycol fell this week: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the weekend was 18000 yuan / ton, which fell by 500 yuan / ton compared with the beginning of the week; The distribution price of Shandong Zhiying Jihua neopentyl glycol at the weekend was 18000 yuan / ton, which was 2000 yuan / ton lower than that at the beginning of the week. Jinan aochen Wanhua neopentyl glycol weekend distribution price is 18500 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose first and then fell this week. This week, the average price of isobutyraldehyde in the mainstream domestic market first rose from 15166.67 yuan / ton on March 5 to 15466.67 yuan / ton on March 10, an increase of 1.98%, and then fell to 15266.67 yuan / ton on March 11, a decrease of 1.29%. The market price of upstream raw materials fell slightly and the cost support was general. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.

3、 Future forecast

In mid March, the market trend of neopentyl glycol may decline slightly. The upstream isobutyraldehyde market has a downward trend, the cost support is general, the downstream coating market is general, and the downstream procurement enthusiasm is weak. Analysts of neopentyl glycol in business society believe that the short-term neopentyl glycol market may fluctuate slightly and fall under the influence of supply and demand, raw materials and other aspects.

According to the monitoring data of business agency, from February 28 to March 4, the average market price of cyclohexanone in China rose from 10966 yuan / ton to 11200 yuan / ton, an increase of 2.13% during the week, and the price fell by 6.41% month on month and 7.01% year-on-year.

This week, domestic cyclohexanone stopped falling and rebounded, crude oil and pure benzene rose strongly, and the cost side formed a good support. From the perspective of supply and demand, in the early stage of downstream chemical fiber bargain hunting procurement, the pressure of cyclohexanone low-price shipment was significantly reduced. In addition, under the cost pressure, the bullish atmosphere was still good, cyclohexanone manufacturers actively explored the rise, and the market low price was reduced.

Summary of domestic cyclohexanone market as of March 4:

region ., Price

East China . 11600-11700 yuan / ton vehicle cash delivery

South China . 11900-12000 yuan / ton cash delivery

Shandong region . 11300-11400 yuan / ton

Raw material pure benzene: the price of pure benzene rose. The core reason for the price rise is the sharp rise in crude oil caused by the situation in Ukraine, and the cost side promotes the price upward.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business agency:

Downstream caprolactam: the market price of caprolactam rose. Recently, the market is mainly strongly supported by the cost side. The price of crude oil has risen to more than $110, and the price of pure benzene has continued to rise.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business society:

At present, crude oil is too strong, and its short-term favorable promotion to the price of pure benzene can still be maintained. At present, the supply and demand of cyclohexanone is weak, but if crude oil and pure benzene continue to rise, there is still room for rise under the pressure of cyclohexanone cost. The cyclohexanone analysts of the business society expect that the short-term cyclohexanone market will be mainly sorted out.

1、 Price summary on March 4:

The quotation of Shijiazhuang refining and chemical company is 8000 yuan / ton, and that of Qilu Petrochemical Company is 8000 yuan / ton,

Yangba offers 7800 yuan / ton,

Guangzhou Petrochemical offers 7850 yuan / ton, Maoming Petrochemical offers 7800 yuan / ton,

Changling refinery offers 7900 yuan / ton,

Shandong Jingbo Petrochemical offers 8200 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, geopolitical tensions triggered concerns about supply disruptions, and international oil prices continued to rise broadly. WTI is the highest level since September 2008 and Brent is the highest level since February 2013.

Today, the price of toluene in Sinopec East China increased by 300 yuan / ton, and the price of toluene in Jingbo Petrochemical increased by 400 yuan / ton.

The United States and the European Union are discussing relevant bills banning Russian oil and energy imports. Oil prices soared again and the risk of interruption of crude oil supply increased. Supported by the rise in cost, the willingness of toluene holders to support the price remains unchanged. Today, Sinopec’s Toluene price increased, and the market followed the rise.

According to the data monitored by the business agency, as of March 7, the average price of lithium iron phosphate, a domestic high-class power product, was 155000.00 yuan / ton. Compared with the same period last week, the market price of lithium iron phosphate increased by 3.33%. The overall market negotiation focus was high, the inventory was low, the downstream just needed to purchase, the trading atmosphere was ok, and there was a continuous upward trend.

The price of lithium iron phosphate is relatively strong. Compared with the price rise trend in the same period last week, the manufacturers have tight supply, insufficient supply, high negotiation focus, and the overall market negotiation atmosphere is acceptable. The focus of the upstream market is high, and the price is high. The lithium iron phosphate market has certain support, and the overall market is relatively strong.

Upstream lithium carbonate: the average price of industrial grade lithium carbonate in East China is 456600 yuan / ton. The overall market continues to rise, and the price of lithium carbonate continues to rise. At present, the market output of lithium carbonate is still affected by the shortage of resources, the market gap still exists, and the price of lithium iron phosphate will remain stable and rise in the short term.

Chemical commodity index: on March 6, the chemical index was 1165 points, unchanged from yesterday, down 16.79% from the highest point of 1400 points in the cycle (2021-10-23), and up 94.82% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now).

Analysts of lithium iron phosphate in business society believe that lithium iron phosphate is expected to be strong in the short term and the price will rise. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

1、 Price trend

According to commodity data monitoring, the price of isopropanol increased slightly this week. The average price of domestic isopropanol was 7350 yuan / ton last Friday and 7400 yuan / ton this Friday. The price rose by 0.68% during the week.

2、 Market analysis

Figure: comparison chart of price trend of acetone and isopropanol from November to January

The domestic isopropanol market increased slightly this week. The overall market trading atmosphere is general and cautious. Factories and traders have strong upward intention. Manufacturers mainly support prices and downstream purchase on demand. Up to now, most of the quotations of isopropanol in Shandong are about 7000-7300 yuan / ton; Most of the quotation range of isopropanol in Jiangsu is about 7500-7600 yuan / ton; The quotation range of isopropanol in Zhejiang is around 7300 yuan / ton. Internationally, on March 1, isopropanol in the United States closed stable, while isopropanol in Europe closed mixed.

In terms of raw material acetone, the acetone market showed a trend of falling first and then hitting the bottom during the week. The international crude oil is at a high level, the international situation is still grim, there is still room, and the cost side has a great impact. With the warmer weather, the start-up of small enterprises in the downstream is increasing, the purchasing sentiment is expected to increase, and the trading atmosphere is improved. On the 4th, some domestic factories actively increased by 100-200 yuan / ton, boosting the market. The business society expects that there is still room for the acetone market next week.

In terms of raw material propylene, the price of propylene (Shandong) rose sharply this week, and the market quotation exceeded 9000 yuan / ton, of which the mainstream price of propylene in Shandong was 9000-9100 yuan / ton. Due to the further deterioration of the situation in Russia and Ukraine, the Western camp’s sanctions against Russia have been upgraded, the market’s expectation of future energy supply interruption has been further strengthened, and the oil price has continued to rise strongly. Under the cost pressure, the price of propylene has increased significantly twice, and the downstream demand is general. Under the expectation of price increase, the purchase intention of the downstream is enhanced, but at the same time, some demand users are in wait-and-see mood.

3、 Future forecast

Isopropanol analyst of business society chemical branch believes that the domestic isopropanol market is generally traded. Factories and traders have strong upward intention. The price of acetone rebounded from the bottom, the price of propylene rose sharply, and the raw material supported isopropanol strongly. The price of isopropanol is expected to rise in the short term.

Price trend:

According to the bulk list data of business society, the domestic ABS market generally rose and fell back in February, and the spot prices of various brands decreased. As of February 28, the average price of general-purpose ABS mainstream offer was about 14100 yuan / ton, up or down – 3.42% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of raw material styrene, Shandong styrene market fluctuated and fell this month. The cost side rose and fell, and the spot fell. Crude oil rose sharply at the end of the month, the price of pure benzene followed the rise, and the cost support of styrene recovered. The downstream resumption of work is slow, mainly digesting contracts, insufficient spot demand, the market spot trading is still depressed, the confrontation between supply and demand is game, and the market expectation is still volatile in the short term.

The price of acrylonitrile was sorted out and operated this month. In the early stage, the shipment of newly put into operation equipment impacted the market, and the operating rate of the industry was also on the high side. Although some enterprises had maintenance plans at the end of the month, there were many sources of goods in the field, the merchant inventory was high, and the supply side was bad on the spot market. In terms of downstream demand, textile enterprises resumed work slowly in February, and concentrated after the Lantern Festival to stop the decline. At the end of the month, the mentality of operators is too much, but the high construction of market inventory may cause considerable resistance to the recovery of acrylonitrile.

The domestic butadiene market continued to rise this month. During the month, two plant failures of Korean enterprises triggered a sharp rise in the domestic butadiene market price. At the same time, the external market and major domestic production enterprises continued to push up, and the price of butadiene rose again and again. Affected by the policy, some downstream industries started poorly, the demand recovery was less than expected, and the market transaction was not smooth. However, with the end of the Winter Olympics and the commencement of downstream construction, the butadiene market is expected to rise again. However, the rapid rise of the market led to cautious downstream procurement, and some high price offers still need to be followed up. Butadiene analysts of business society predict that the domestic butadiene market will be dominated by high-level consolidation in the short term.

In February, the overall upstream market of ABS was mixed, and the cost side support was general. In terms of industry load, the operating rate of domestic ABS enterprises is high, the overall supply is high and the prognosis is abundant. The ABS market was affected by the inventory pressure of enterprises and downstream throughout the month, and the rise of spot prices was blocked after the return of the Spring Festival. In addition, after the price reduction is full, the business is biased to resume the operation, and the demand of the terminal is increased. At the end of the month, the load of downstream enterprises resumed one after another, the trading volume was relatively large, and some offers were boosted and rose slightly.

Future forecast:

Business analysts believe that the spot market of ABS fluctuated and fell in February, and the three upstream material trends rose and fell respectively, which generally supports the cost side of ABS. Domestic spot prices are mainly affected by the high load and abundant supply of the industry. After the festival, the demand follow-up of terminal enterprises was slow, and the trading recovered at the end of the month, but the on-site supply is still large. It is expected that in the short term, the ABS spot market may be mainly sorted and operated.

On February 27, the crude benzene commodity index was 102.30, unchanged from yesterday, down 22.41% from the highest point of 131.84 in the cycle (January 28, 2013), and up 234.97% from the lowest point of 30.54 on April 8, 2020. (Note: the period refers to the period from September 1, 2011 to now).

In February 2022, the crude benzene market rose at the beginning of the month and fluctuated in the middle of the month. The domestic ex factory price of crude benzene was 5999 yuan / ton at the beginning of the month and 6533 yuan / ton at the end of the month, with a monthly increase of 8.9%.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

July 2, 8100.,+400

February 14, 7950.,-150

February 18, 7750.,-200

February 24, 7900.,+150

On February 24, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton, 7900 yuan / ton, and Qilu Petrochemical 7850 yuan / ton.

Other enterprises: Dongming Petrochemical offers 8000 yuan / ton, HSBC Petrochemical 7900 yuan / ton, Jincheng Petrochemical 7950 yuan / ton, Weilian chemical 8003 yuan / ton, Xinhai Petrochemical 7950 yuan / ton and Hongrun petrochemical 8450 yuan / ton.

Crude oil rose mainly this month. Positive: the prospect of crude oil demand is good and the geopolitical situation is tense; Bearish: positive signals from Iran’s nuclear negotiations. As of February 25, Brent rose $6.72 / barrel, or 7.37%; WTI rose $3.44/barrel, or 3.9%. On February 25, the price of international crude oil futures fell. Us WTI crude oil futures contract settlement price in April was US $91.59/barrel, down US $1.22 or 1.31%; The settlement price of Brent crude oil futures contract in April was US $95.42/barrel, down US $1.15 or 1.20%.

During the Spring Festival, the strong rise of crude oil led to the positive follow-up of relevant energy and chemical products. The shipment of pure benzene from local refining enterprises in Shandong Province was good, and the price rose actively. After the festival, Sinopec raised the price of pure benzene to 8100 yuan / ton, and the market negotiation was positive. However, with the weakening of crude oil support and the limited follow-up of downstream end products, the whole pure benzene industry chain weakened, the holders took profits and the price fell continuously. In late June, tensions between Russia and Ukraine escalated, crude oil rose significantly in the short term, the cost side drove pure benzene to rise, and the price rebounded rapidly. The hydrogenated benzene market closely follows the trend of pure benzene. In the first half of the month, the behavior is dominant, and the second half of the month enters the consolidation shock period. In terms of crude benzene, it followed the overall upward trend of the industrial chain at the beginning of the month. In the middle of the month, with the interweaving of bad and positive factors, the crude benzene price fluctuated and the price fluctuation was limited.

In terms of commencement: the recent commencement of coking enterprises is still low, the overall output of coke and by-products is low, and the supply is slightly tight.

In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand, some downstream profit space is insufficient and the pursuit of growth is weak. Some factories stop to reduce the burden, the demand is limited, and the upward pressure of pure benzene increases, which may fall back; If crude oil continues to rise, or support pure benzene to rise. Continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.

1、 Price trend

According to the data monitoring of the bulk list of business society, the price of bromine rose first and then fell in February. At the beginning of the month, the average market price was 58666.6 yuan / ton. At the end of the month, the average market price was 57333.33 yuan / ton, down 2.27% and up 67.26% year-on-year. On February 27, the bromine commodity index was 203.51, unchanged from yesterday, down 17.00% from the highest point 245.18 in the cycle (2021-10-27), and up 245.40% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

At the beginning of the month, the domestic bromine price was slightly adjusted and operated. At present, the mainstream price of Shandong enterprises is about 55000-59000 yuan / ton. The bromine price is stable and small. At the beginning of the week, bromine enterprises have a small amount of spot goods, and the quotation is relatively firm. However, the downstream flame retardant and pharmaceutical intermediate industries started slowly after the Spring Festival, and the shipment of enterprises is general. In fact, supply and demand are weak and the market is deadlocked.

In the second half of this month, the domestic bromine price was weak, the bromine price was stable and small, the bromine enterprises started at a low level, and the inventory was small. The downstream flame retardants and pharmaceutical intermediates industry started slowly after the Spring Festival, mostly purchased on demand, and the shipment of enterprises is general. In fact, supply and demand are weak and the market is deadlocked.

In terms of raw materials, the price of sulfur rose this month. The average market price at the beginning of the month was about 2150 yuan / ton, and the average market price at the end of the month was 2253.33 yuan / ton, with a price increase of 4.81%, up 75.13% from the same period last year. Domestic refineries have no inventory pressure for the time being, the downstream sulfuric acid market is rising, the demand for liquid sulfur is increasing, the superposition of port supply into the market is less, the port liquid sulfur price is supported, and the liquid sulfur price of regional refineries is rising sharply; In terms of downstream phosphate fertilizer, the demand for sulfur is acceptable, the refinery shipment is smooth, and the price of sulfur fixation increases slightly.

Business analysts believe that the bromine price consolidation operation, bromine downstream flame retardants and intermediates industry mostly purchase on demand, but the actual transaction is general. It is comprehensively estimated that the short-term bromine price consolidation operation is mainly based on the downstream market demand.

In February, the domestic MIBK market rose in a narrow range. By the end of the month, the market reference offer in East China was around 13600-13800 yuan / ton. According to the monitoring data of business agency, the market mixed offer in East China was 13333 yuan / ton on February 1 and 13833 yuan / ton on February 28, an increase of 3.75% in the month. On February 7, the market offer was 12733 yuan / ton, with an overall amplitude of 8.64% in the month.

In terms of raw materials, the acetone market in East China rose first and then fell, and remained the same at the end of the month as at the beginning of the month. The domestic East China market offered 5600 yuan / ton on January 1, 5650 yuan / ton on February 28, 6050 yuan / ton on February 14, with an amplitude of 8.04% in the month. All major mainstream markets of acetone showed a trend of rising first and then falling. By the end of the month, the negotiation in East China was 5650 yuan / ton, that in Shandong and Yanshan surrounding areas was 5900 yuan / ton, and that in South China was 5850 yuan / ton.

During the month, Ningbo Zhenyang 15000 T / a MIBK plant was shut down, the overall operating rate of the industry decreased, the overall inventory pressure of the factory was not large, and the continuous downward market before the festival made the supply of goods in the hands of traders small, the spot circulation resources in the field were limited, the mentality of the holders was supported, and the quotation continued to rise.

The downstream rubber additives market is flat, but the market is up, but the transaction surface is not enough. The accelerator has recovered, and the antioxidant market has improved significantly. However, at present, the inventory of downstream tire enterprises is high, the operating rate of the industry has declined, and the demand side is dragged down.

From the perspective of business community, the market is still in a state of constant price support. The terminal will continue to warm up next month, especially the demand of antioxidant industry will increase. Although Ningbo Zhenyang device will restart next month, the supply side is still progressing, and the circulating spot resources are not sufficient. It is expected to show a state of price support at the beginning of next month.