Trade name: sulfur

Latest price (April 25): 3603.33 yuan / ton

Key points of analysis: according to the price monitoring of business agency, the average price of sulfur in East China today decreased by 0.37% compared with yesterday. The inventory of domestic refineries is low, and the inventory of manufacturers is not under pressure. However, the recent consolidation and operation of downstream sulfuric acid Market weakens the support for sulfur, and the market of ammonium phosphate is temporarily stable. The fertilizer for spring ploughing is gradually coming to an end, and the downstream is weakened on demand. Individual enterprises adjust their quotation according to their own shipment situation, The price of sulfur in refineries in Shandong was reduced by 40 yuan / ton.

Future forecast: the short-term sulfur market is deadlocked and sorted out, and specific attention is paid to the downstream follow-up.

Zinc prices hit a new high this week

According to the data monitoring of business society, the zinc market rose first and then fell this week. As of April 24, the price of zinc was 28494 yuan / ton, up 1.51% from 28070 yuan / ton on April 17 last weekend. On April 20, the domestic spot zinc price was 28754 yuan / ton. On April 20, the zinc commodity index was 164.25 points, a record high in the cycle (Note: the cycle refers to from September 1, 2011 to now). The zinc market remained strong this week, and the zinc price hit a cycle record high.

Zinc ingot inventory in LME market continued to decline sharply

Time, LME zinc inventory, Increase or decrease, Proportion of change, Register warehouse receipt, cancelled warrants

April 1, 139950., – one thousand nine hundred and seventy-five .,- 1.39., 95125., forty-four thousand eight hundred and twenty-five

April 4, 137675., – 2275., – 1.63., seventy-eight thousand one hundred and twenty-five ., fifty-nine thousand five hundred and fifty

April 5, 134125., – 3550., – 2.58., 64025., seventy thousand and one hundred

April 6, 130425., – 3700, – 2.76., 45850., eighty-four thousand five hundred and seventy-five

April 7, 127675., – 2750., – 2.11., 45850., eighty-one thousand eight hundred and twenty-five

April 8, 125675., – 2000., – 1.57., 45925., seventy-nine thousand seven hundred and fifty

April 11, one hundred and twenty-three thousand six hundred and seventy-five .,- 2000., – 1.59., 45925., seventy-seven thousand seven hundred and fifty

April 12, 120825., – 2850., – 2.3., 45925., seventy-four thousand and nine hundred

April 13, 117850., – 2975., – 2.46., 45925,. seventy-one thousand nine hundred and twenty-five

April 14, 115600., – 2250., – 1.91., 45925,. sixty-nine thousand six hundred and seventy-five

April 19, 113750., – 1850., – 1.6., forty-five thousand nine hundred and twenty-five ., sixty-seven thousand eight hundred and twenty-five

April 20, 108850., – 4900., – 4.31., 45375., sixty-three thousand four hundred and seventy-five

April 21, 106125., – 2725., – two point five ., forty-five thousand two hundred and twenty-five ., sixty thousand and nine hundred

April 22, 103250., – 2875., – 2.71., 33975., sixty-nine thousand two hundred and seventy-five

It can be seen from the zinc ingot inventory data of LME market that since April, the zinc ingot inventory of LME market has continued to decline, the number of registered warehouse receipts has continued to decline, and the number of cancelled warehouse receipts has increased significantly. The supply of zinc in the city decreased, and the driving force for the rise of zinc price increased. The number of cancelled warehouse receipts is much larger than the number of registered warehouse receipts, and the supply of zinc in the future market is expected to decline. It is expected that the future supply of zinc market is expected to decline and the price of zinc is expected to rise.

The energy crisis continues to affect the supply of zinc in the city

The conflict between Russia and Ukraine continues to ferment, the prices of energy such as European natural gas soar, and the cost of zinc smelting rises, which affects the supply of zinc city. The production of zinc smelting manufacturers continues to be reduced, the future supply of zinc city is expected to be reduced, and the rising power of zinc city is increased.

Poor logistics and transportation impact the demand of zinc City

The continuous prevention and control in China, the poor logistics and transportation in various regions have an impact on the normal operation of the industrial chain supply, affecting the production of enterprises in various regions. The output of zinc smelting enterprises has decreased, the shutdown and production reduction of downstream automobile industry and other enterprises have increased, the demand of zinc city has declined seriously, the downward pressure of zinc city is large, and the upward momentum still exists.

Future forecast

Business analysts believe that: the European energy crisis still exists, the production reduction of European zinc smelters is expected, and the supply of zinc market is expected to decline; The domestic zinc industry chain started to decline, the supply and demand of zinc market were both weak, which stimulated the shock rise of zinc price, the fear of heights among downstream customers of zinc was strong, the demand of zinc market fell, and the downward pressure of zinc market remained. Generally speaking, the supply and demand of zinc market in the future are both weak, the zinc market is still bad, and the zinc price is expected to rise slightly.

The latest p-value price of ethylene glycol on April 21 was 4975 yuan / ton, unchanged from the previous trading day. Year on year decrease of 4.02%.

The oil price of upstream crude oil rose on Thursday, the reduction of Libyan supply and the possible EU ban on Russian oil triggered market concerns. Domestic restrictions on manufacturing activities were slowly relaxed, and the demand outlook continued to affect the market. Brent crude oil is expected to remain in the range of $100 to $120, with stable cost support. The downstream polyester production and sales are still light as a whole, the polyester load is weak, and the demand side is not significantly good. The atmosphere of Meg’s external offer today is light, and the recent negotiation on shipping offer is estimated to be around us $650 / ton.

Forecast: wide range shock.

Trade name: formic acid

Latest price (April 20):9666.67 yuan / ton

On April 20, the market price of industrial grade 85% formic acid was stable, flat compared with the previous trading day, and increased by 95.95% compared with the price on March 20. At present, the main raw material methanol market fluctuates in a narrow range, with little impact on the change of cost, strong support from supply and demand, good orders in the export market, active market trading atmosphere and strong price focus.

It is expected that in the short term, the formic acid market may operate at a high level.

Latest price (April 19): 10580 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, on April 19, the market price of phosphoric acid was 10580 yuan / ton, unchanged from the previous day, with a year-on-year increase of 102.81%. At present, the price of raw material yellow phosphorus continues to rise, and the supply is tight. The low-end price of phosphoric acid is close to the high-end, and the market focus moves upward. However, due to the drag of demand, the price fluctuation is small, and the industry is bullish on the future market. At present, the price of yellow phosphorus as raw material is about 38000 yuan / ton, and the market price of phosphoric acid is about 10000-12000 yuan / ton.

It is expected that the focus of phosphoric acid market will move upward in the short term.

Trade name: titanium dioxide

Latest price April 18: 21100 yuan / ton

Key points of analysis: on April 18, the market price of titanium dioxide in China was relatively stable. At present, the trading situation in the domestic market is general, and downstream enterprises purchase on demand. The price of upstream sulfuric acid is high, coupled with the increase of transportation cost, titanium dioxide is under pressure in cost, and individual enterprises do not report the sealed order. 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.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic ammonium sulfate was 1856 yuan / ton on April 11 and 1790 yuan / ton on April 15. The price of ammonium sulfate fell by 3.59% this week.

2、 Market analysis

The price of ammonium sulfate fell this week and the market trend was poor. The downstream demand is reduced, there is no good news in the field, and the transportation is blocked due to many causes of the epidemic. The supply of Hexian grade ammonium sulfate is relatively small, new orders are limited, and the price is reduced from a high level. The bidding price of coking grade ammonium sulfate fell and the transaction was not ideal. As of April 15, the factory quotation of coking grade ammonium sulfate and mainstream ammonium sulfate in Shandong is about 1650 yuan / ton. The mainstream factory quotation of ammonium sulfate in Hebei is about 1650 yuan / ton. Hexene grade ammonium sulfate, the factory quotation in Shandong is 1750-1850 yuan / ton.

This week, the downstream compound fertilizer was put into operation with high-level concussion. Due to the continuous high price of compound fertilizer raw materials, good cost support and strong market of compound fertilizer, most of them mainly execute early orders.

3、 Future forecast

The ammonium sulfate analyst of business society believes that at present, the trading atmosphere of ammonium sulfate on the floor is light, the demand is low, and the wait-and-see mentality on the floor is strong. It is expected that the price of ammonium sulfate will be stable and downward in the short term, and it is suggested to pay attention to the changes on the demand side.

Trade name: styrene butadiene rubber 1502

Latest price (April 14): 12583 yuan / ton

Key points of analysis: according to the monitoring of business society, the price of domestic styrene butadiene rubber was 12583 yuan / ton on Thursday, down 1.31% from the previous day. The ex factory prices of some SBR manufacturers were reduced, and the offers of traders were slightly adjusted. Since April, the price of raw material butadiene has fallen sharply, the price of styrene has increased slightly, and the cost support is slightly weaker than that in the early stage; The start-up of styrene butadiene rubber plant is lower than that in the early stage, but the overall supply is sufficient; The downstream construction started slowly and the support was slightly weak. According to the monitoring of business agency, the mainstream offer in the domestic styrene butadiene rubber market was around 12350 ~ 12800 yuan / ton on the 14th.

Future forecast: the supply side is loose and the downstream start-up demand is limited. It is expected that the price of styrene butadiene rubber will be weak and volatile in the later stage.

Trade name: lithium hydroxide

Latest price (April 13): 478666.66 yuan / ton

The lithium oxide market was 32.0% higher than that on April 13. At present, the price of upstream lithium carbonate is weak, which has little impact on lithium hydroxide for the time being. The wait-and-see mentality of operators is strengthened, the market supply side is increased, but the demand side is slowed down, the spot of mainstream large manufacturers is still tight, and the focus of market negotiation is temporarily stable.

It is expected that in the short term, the lithium hydroxide Market will mainly wait and see at a high level.

On April 12, the mainstream quotation range of 1# tin ingots in the domestic spot tin market was 343500-345000 yuan / ton, with an average price of 344250 yuan / ton, an increase of 250 yuan / ton compared with the previous trading day.

On the supply side, the market expects that with the improvement of the import side in April, the overall supply will improve to a certain extent after some Indonesian sources enter the market. On the demand side, the previously affected enterprises in Shenzhen have resumed production recently, but the downstream demand has not fully recovered due to various factors. Therefore, the market is mainly on the sidelines, and it is expected that the tin price will remain high and volatile in the future.