The price of zinc fluctuated and rose

According to the data monitoring of the business agency, the zinc price fluctuated and rose this week, and the zinc market recovered. As of December 24, the price of zinc was 24410 yuan / ton, up 1.01% from 24166 yuan / ton on December 17 last weekend; Compared with the zinc price of 23804 yuan / ton on December 20 at the beginning of the week, the price increased by 2.55%. The zinc market rose this week, and the zinc price fluctuated and rose.

Nonferrous metals sector rose

According to the statistics of the business agency, the non-ferrous sector index rose this week, the prices of non-ferrous metal products generally rose, and the sector prices rose, which greatly supported the rise of zinc city and gave greater impetus to the rise of zinc prices.

European energy crisis triggered shutdown tide

On this week’s “black” Tuesday, natural gas futures prices in continental Europe and the UK both rose by more than 20%, reaching a record closing high. The sharp rise in natural gas prices is followed by the rise in electricity prices in Europe. So far, the average price of electricity in most European countries has exceeded 300 euros / megawatt hour. In the same period of 2019, the electricity price in Europe is 25-50 euros per megawatt hour. High operating costs have forced many metal smelting enterprises to reduce production and even temporarily close their factories. The output of zinc smelting decreased and the driving force for the rise of zinc price increased.

Future forecast

Business analysts believe that: affected by the European energy crisis, European electricity prices soared, European zinc smelters continued to reduce production, the supply expectation of zinc market decreased, and the driving force of zinc price rise increased. Zinc prices are expected to rise in the future.

On December 23, the rare earth index was 803 points, the same as yesterday, down 19.70% from the highest point of 1000 points in the cycle (December 6, 2011), and up 196.31% from the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period since December 1, 2011).

The trend of domestic rare earth index was temporarily stable, and the price of domestic light rare earth praseodymium neodymium series fell partially. The price of praseodymium neodymium oxide fell by 2000 yuan / ton to 842500 yuan / ton, the price of praseodymium neodymium metal was 10.25 million yuan / ton, the price of praseodymium oxide was 875000 yuan / ton, the price of neodymium oxide was 920000 yuan / ton, the price of metal praseodymium was 1.14 million yuan / ton, the price of metal neodymium was 1.125 million yuan / ton, and the price of dysprosium oxide was 2.905 million yuan / ton, The price of dysprosium ferroalloy is 2.9 million yuan / ton, and the price of metal dysprosium is 3.75 million yuan / ton. Some prices in the domestic light rare earth market have increased, and the recent procurement is general. The price of dysprosium in the domestic heavy rare earth market is temporarily stable, the price of terbium is maintained, and the downstream procurement is mainly on demand. Myanmar prohibits export, and it is expected that the price in the domestic rare earth market will be stable in the later stage.

1、 Price trend

Latest price (December 22): 8430 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, the average domestic spot price of pvcc5 was 8430 yuan / ton on December 22, which was flat compared with the previous day, and the price fluctuation in various parts of China was less obvious. Most enterprises are stable and wait-and-see. At present, the mainstream price is about 8300-8700 yuan / ton. In the off-season of demand, there is little trading in the north, and East and South China continue to maintain rigid demand, The purchasing mood is not positive, the overall trading atmosphere of the market is general, and the transaction focus moves down slightly.

Forecast: under the weak situation of both cost and demand, the PVC market is easy to fall but difficult to rise, and continues to maintain a weak trend of shock.

Trade name: ammonium sulfate

Latest price: 1826 yuan / ton

Key points of analysis: the price of ammonium sulfate was stable on December 21, which was flat compared with the previous trading day. Today, the ammonium sulfate Market is still depressed, and the atmosphere in the venue is poor. At present, there is no good news about ammonium sulfate. The downstream is mainly on the sidelines, and the trading volume is declining. The export market continued to slow down, and enterprises adjusted prices flexibly.

Future forecast: the price of ammonium sulfate will decline slightly in the short term.

According to the data monitoring of business agency, the average market price of dimethyl ether in Henan was 3760.00 yuan / ton on December 17 and 3785.00 yuan / ton on December 20, with an increase of 0.66% and a decrease of 8.30% compared with December 1.

On December 20, the domestic dimethyl ether market rose steadily as a whole. The increase rate in Henan, the main production area, was mostly about 30 yuan / ton. There was little change in the markets of Hebei and Shandong. The overall transaction atmosphere of the market was general. The horizontal consolidation of the raw methanol market brought Limited benefits to dimethyl ether. It is expected that the dimethyl ether market will continue to rise in the short term, or stabilize on a large scale.

According to the data monitored by the business agency, as of December 17, the average quotation price of domestic premium DMF enterprises was 14775.00 yuan / ton. The DMF price fluctuated upward this week, up 2.6% compared with the same period last week, with an overall increase of about 300 yuan / ton. The DMF price will rise in the short term.

This week, the DMF market fluctuated upward, the price was strong and slightly upward, and the negotiation focus was high. Compared with the same period last week, the price increased by 2.6%, or about 300 yuan / ton. At present, the manufacturers have strong willingness to support the price, the negotiation focus is high, the operating rate is stable, and there is no pressure on inventory, so as to promote downstream follow-up procurement.

Upstream methanol: methanol market consolidation this week. The price fluctuation announced by major production enterprises in Northwest China this week is small, and there is no obvious fluctuation in the price of major production enterprises in Shandong. The port inventory increased, the inventory discharge of mainland enterprises and the downstream demand for formaldehyde weakened, and the market trading atmosphere was weak.

On December 17, the chemical index was 1102 points, down 1 point from yesterday, down 21.29% from the highest point of 1400 points in the cycle (2021-10-23), and up 84.28% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

Business agency DMF analysts believe that: in the short term, the trend of DMF is strong and upward in a narrow range. (to know more about the latest industry market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the price of commodities).

Latest price (December 16): 4743.33 yuan / ton

Key points of analysis: according to the data monitoring chart of business agency, the domestic LNG market continued to rise on December 16, and the price increased by 2.15% compared with the previous day. Recently, some liquid plants have been shut down, the supply has decreased, and due to cost considerations and the decline of temperature, the market trading has improved to a certain extent, the domestic liquid price has continued to rise, and the imported gas continues to decline slightly.

Future forecast: it is expected that there will still be an increase in expectations in the short term, but the market negative factors have not retreated and the increase is not large.

Trade name: titanium concentrate

Latest price: December 15: 2155 yuan / ton

Key points of analysis: the market price of titanium concentrate in Panxi area is basically stable. At present, the market situation of titanium concentrate is OK. The downstream titanium dioxide enterprises continue to issue price increase letters, and the titanium dioxide market stops falling and stabilizes. The market inquiry increased and the overall market turnover improved.

Forecast: the price of titanium concentrate will be mainly stable in the short term.

Trade name: formic acid

Latest price (December 14): 4200 yuan / ton

On December 14, the market price of formic acid was temporarily stable, flat compared with the previous trading day, down 2.33% compared with the price at the beginning of the month and 44% compared with the price on November 14. At present, the raw materials methanol and caustic soda are in weak operation, the price of sulfuric acid is temporarily stable, the price of liquid ammonia rises slightly, the cost support is limited, the downstream inquiry and procurement efforts are OK, the enterprise mainly ships, and the market trading is orderly.

It is expected that the formic acid market may be stable in the short term.

1、 Price summary on December 10:

Shijiazhuang Refining & Chemical Co., Ltd. offers 5650 yuan / ton, and Qilu Petrochemical Co., Ltd. offers 5650 yuan / ton,

Yangba offers 5550 yuan / ton,

Guangzhou Petrochemical offers 5800 yuan / ton,

Changling refinery offers 5700 yuan / ton,

Shandong Jingbo Petrochemical offers 6101 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the market’s concern about the impact of the mutant strain Omicron on the global economy and crude oil demand has been alleviated. Superimposed on OPEC + control of production, it is unlikely that Iranian oil will return to the international market in the near future. The oil market remains in a tight balance, the oil price has been supported, and the international oil price has risen again.

Last Friday, the international oil price continued to rise, but the toluene market was cautious. The downstream only needs support. The Northeast cargo is sold out, the supply increases, the market is under pressure and the mentality is empty.