Price Trend

According to the monitoring data of business associations, the market price of n-propanol remained stable after a small overall correction on August 29. At present, the mainstream quotation of domestic n-propanol distributors is around 1100-11400 yuan/ton, and that of imported n-propanol from Dalian, Taiwan is around 1160 yuan/ton.

II. Market Analysis

Product: This week, the market of n-propanol continued to run steadily, and some distributors made a small reduction in their quotations. Up to now, according to the quotations from mainstream regions, the average price of domestic n-propanol distributors is around 11,000 yuan/ton, which is about 67 yuan/ton higher than that of August 22, which is the same as that of August 15. At present, Shandong Fengcang Chemical Co., Ltd. offers 10,800 yuan/ton of domestic n-propanol (including tax), Shanghai Lianyi Chemical Co., Ltd. offers 11,400 yuan/ton of domestic n-propanol (including tax), and Dalian, Taiwan, imports 16,500 yuan/ton of barreled n-propanol.

Industry chain: This week, the propylene oxide market remained stable after the overall stop of decline. A few distributors’quotations continued to fall. Most factories’ quotations were stable, or some factories’quotations rose slightly. The terminal demand of propylene oxide Market rebounded, and the market expectations were good.

3. Future Market Forecast

According to the business association’s forecast: September is coming, the n-propanol market is expected to rise slightly and run. The specific market trend is also closely related to the supply and demand of products upstream and downstream as well as the output.

Price Trend

According to the data of the business associations’list, the domestic PA66 market fell weakly in August and the price fell. As of August 28, the average price of viscous injection grade mainstream offer in PA66 was about 24450.00 yuan/ton, which was 5.96% lower than that at the beginning of the month.

Analysis of influencing factors:

PA66 upstream adipic acid market rebounded at the end of the month, prices rebounded and soared. In August, the market atmosphere was slightly stalemate, the market performance was weak and the turnover was general. Distributors actively shipped mainly, and the market remained weak and shocky. At present, the downstream market has a heavy wait-and-see mentality, plain enthusiasm for stockpiling, and mainly buys on demand. Social inventory showed some pressure and shipment strength slightly declined. On the supply side, the market supply is stable, partly showing excessive supply. Some distributors in eastern China said that the inventory pressure was high, the plant start-up rate was high, and the market inventory and manufacturer Inventory were rising. It is expected that adipic acid market will continue to maintain a narrow adjustment pattern in the short term.

Spot supply of PA66 market is abundant this month, downstream factories just need to take goods, demand has not improved and continued to weaken. Market buy gas is insufficient, business people have a heavy wait-and-see mentality, and most of the transactions are flexible and detailed. In the mid-term, the news of US tariff postponement was positive, and the terminal market warmed slightly, with limited impact on the PA66 market as a whole. In addition, Qixiang announced in July that the capacity expansion of adiponitrile, an important intermediate in the production of PA66 engineering plastics in China, has become a foregone conclusion, and the cost of PA66 will be gradually reduced by the support of adiponitrile in the macro future. It is expected that China’s PA66 market will be a long-term impact. Under the background of imbalance between supply and demand, it added negative factors in terms of cost and face, and the market trend was difficult. In August, domestic PA66 fell weakly.

Future forecast:

Business analysts believe that the domestic PA66 market fell weakly in August. At present, the spot supply is abundant in the field, and the enthusiasm of downstream stock is not high, so the strategy of just taking goods is adopted. The market is short of buying gas, the traders are passive and wait-and-see, and the transactions are many facts and detailed. In the mid-term, Sino-US trade frictions eased off and had little impact on PA66 prices. And the cost of adipic acid from this month’s support is not good, it is expected that the near future PA66 disk will continue to be weak finishing.

A Survey of the Price Trend of Aluminum Ingot in August

Domestic aluminium ingot prices rose steadily in August. According to data from business associations, the average market price of aluminium (99.70) as of August 27 was 14290 yuan/ton, which was 2.90% higher than the average market price of 13866.67 yuan/ton at the beginning of the year (August 1).

It is reported that in mid-August, the market was affected by Typhoon Lichma. The market predicted that the production capacity of electrolytic aluminium in Shandong would decrease (Weiqiao 105,000 tons of electrolytic aluminium capacity was forced to stop production voluntarily). The Xinjian Xinfa accident was superimposed. The market information factors were obvious, the price of aluminium ingots increased substantially, and the current high-level shocks were running.

A Survey of Import and Export Data of Aluminum in July

According to the data of the General Administration of Customs, in July 2019, the export volume of unwrought rolled aluminium (including aluminium alloy) in China was 39582.00 tons, with a cumulative export volume of 366582.00 tons, a decrease of 8.40% and a cumulative increase of 18.30%.

In July 2019, China’s total exports of aluminium foil under five tax codes totaled 113,100 tons, and in June, 115,900 tons, a drop of 2.39% compared with the previous year’s. Last July, China’s exports of aluminium foil totaled 109,700 tons, up by 3.08% compared with the previous year.

In July 2019, China imported 33118.00 tons of aluminium materials, with a cumulative import of 197961.00 tons, a decrease of 0.60% and a cumulative decrease of 16.30%.

In July 2019, China imported 20 million tons of alumina, a cumulative import of 52 million tons, an increase of 3286.00% and a cumulative increase of 44.80%.

In July 2019, the import volume of unwrought rolled aluminium (including aluminium alloy) was 25273.00 tons, with a cumulative import volume of 116300.00 tons, an increase of 113.90% and a cumulative increase of 57.60%.

In July 2019, the export volume of unwrought rolled aluminium (including aluminium alloy) in China was 39582.00 tons, with a cumulative export volume of 366582.00 tons, a decrease of 8.40% and an increase of 18.30%.

Summary of aluminium production in July

According to data released by the International Aluminum Industry Association (IAI), the global output of raw aluminium (excluding China) in July was 2.205 million tons, an increase of 53,000 tons over June, and a decrease of 5,000 tons over the same period last year. China’s raw aluminium production in July is estimated at 3.05 million tons, and revised in June to 2.973 million tons.

Limited new capacity in the second half of the year

In terms of new capacity, it is estimated that in the second half of 2019, the new capacity will be 250,000 tons in Shanxi, 250,000 tons in Xingren, Guizhou, 200,000 tons in 100 mines, totaling 700,000 tons; Guangyuan and Shenhuo will put into operation in October-November.

Future market forecast

The trend of social inventory decline is good, the price of raw material alumina basically hit the bottom, and the fundamentals of electrolytic aluminium are good. It is expected that the recent high-level oscillation will be the main operation, and in the later period, the actual demand changes downstream will be paid attention to.

On August 25, the phthalic anhydride commodity index was 56.93, unchanged from yesterday, down 52.61% from the cyclical peak of 120.13 points (2012-02-28), and up 17.58% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the price trend of domestic phthalic anhydride market has risen, the price of phthalic anhydride market in eastern China has risen slightly, downstream factories are still in need of purchasing, factory inventory is still under pressure, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiations is 5800-6000 yuan/ton, and the mainstream of naphthalene source negotiations is 5300-5500 yuan/ton in the phthalic anhydride market in North China. Mainstream quotation ranges from 5700 to 5900 yuan/ton. Market price has risen slightly. Some manufacturers have raised their ex-factory price. Downstream construction is not high. Purchase on demand is the main method. Watching mentality is strong. Domestic phthalic anhydride plant is stable. On-site phthalic anhydride supply is normal. Phthalic anhydride price trend has increased slightly.

In the near future, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 6000 yuan/ton. The import market of phthalic anhydride in the port area has fallen, the quotation is stable, the recent market of phthalic anhydride in the port is general, the port stock is low, the quotation of o-phthalic anhydride outside market has fallen concussively, the actual transaction price is based on negotiation, the factual details are discussed in detail, Market prices remain low and volatile. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocks remained stable, customer purchasing enthusiasm was general, downstream PVC market shocks remained stable, DOP market mainstream transaction price of about 7450 yuan/ton, downstream prices rose, the market price of phthalic anhydride is expected to rise slightly later.

Price Trend

According to the data of business associations, the price trend of cryolite market was stable this week, and the average price of cryolite market was stable at about 6333.33 yuan/ton during the week, down 3.62% from the same period last year. On August 23, the cryolite commodity index was 76.92, unchanged from yesterday, down 24.00% from the cyclical peak of 101.21 points (2011-10-31), and up 15.93% from the lowest point of 66.35 on September 05, 2016. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: Cryolite prices have been running steadily this week, and there is no obvious price adjustment for manufacturers. Up to 23 days, Zibo Kunyu Industry and Trade Cryolite quoted 6500 yuan/ton; Changshu Hongjiafu Co., Ltd. Cryolite quoted 7200 yuan/ton; Jiaozuo Minli Industrial Cryolite quoted 7000 yuan/ton; Zhengzhou Tianrui Cryolite quoted 6500 yuan/ton; Shandong Botao Group Co., Ltd. Cryolite quoted 7000 yuan/ton.

Industry chain: This week, the price of fluorite in the upstream of cryolite slightly decreased. At the beginning of the week, the average price of domestic market was about 3075.00 yuan/ton. At the end of the week, the average price of domestic market was about 3062.50 yuan/ton, down 0.41%, up 14.27% year-on-year. The price trend of fluorite in the upstream slightly declined, mainly due to the imbalance between domestic supply and demand. In recent years, the demand for fluorite in the downstream hydrofluoric acid and refrigerant industries has declined. At the end of the peak season of the refrigerant industry, the market of fluorite on-site is poor. In addition, the operating rate of fluorite devices on-site remains high, but the downstream demand situation is general. Spot supply of fluorite is abundant, and the price of fluorite on-site has a downward trend. As for downstream electrolytic aluminium, the price of aluminium has been on the upstream trend this week. At the beginning of the week, the price remained around 14253.33 yuan/ton, and at the end of the week, it was about 14323.33 yuan/ton, with a 0.49% rise.

Industry: According to the price monitoring of business associations, there are 25 kinds of commodities rising annually in the chemical sector in the 33-week (8.19-8.23) rise-fall list of commodity prices in 2019, of which more than 5% increase is 3.6% of the monitored commodities in the plate; the first three commodities are acetic acid (8.90%), crude benzene (7.83%) and aniline (5.17%). There are 30 kinds of commodities with a decline of more than 5%, accounting for 4.8% of the monitored commodities in this sector. The products with the first three declines are hydrochloric acid (-7.50%), dichloromethane (-7.35%) and sulfur (-5.48%). This week’s average rise and fall was 0.03%.

3. Future Market Forecast

Analysts of cryolite products from business associations believe that the current multi-dimensional and stable quotations from cryolite manufacturers are the main ones. The equipment is running normally, the stock is sufficient, and the shipment is acceptable. The market of cryolite is expected to operate steadily in the later period, with specific attention to market demand.

On August 22, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 22nd. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On August 21, the closing price of p-xylene in Asia dropped by 4 US dollars/ton. The closing price is 769-771 US dollars/ton FOB Korea and 768-790 US dollars/ton CFR in China. More than 50% of the domestic units need to be imported. The fluctuation of foreign prices has a certain impact on the domestic market price of p-xylene. The price trend of domestic p-xylene is temporarily stable.

On August 21, the price of WTI crude oil futures fell to $55.68 per barrel, a decline of $0.45. Brent crude oil futures rose to $60.30 per barrel, an increase of $0.27. The EIA crude oil inventory in the week of August 16 in the United States decreased by 2732,000 barrels, and the trend of crude oil prices declined, bringing about a certain degree of downstream petrochemical products. The market price trend of p-xylene was temporarily stable due to the negative impact. Recently, the textile industry has slightly declined, PTA price has slightly declined on the 22nd. The average price in East China is raised near 5200-5300 yuan/ton. By the 21st day, the domestic PTA start-up rate is about 91.5%, the polyester industry start-up rate is about 87.5%, and the PTA social stock is estimated to be about 1.4 million tons. Affected by the shutdown and maintenance of the plant, the total price in August is about 1.4 million tons. The body maintains a small depot rhythm. PTA factory inventory accounts for about 30%, polyester factory raw material inventory accounts for about 28%, downstream polyester factory has space to continue to replenish. Towards the traditional sales season of “Gold, Nine, Silver and Ten” for textiles, downstream terminal enterprises may usher in the procurement cycle and demand side will improve. It is expected that the price of PX market will remain volatile in the short term.

On August 21, the fluorite commodity index was 107.46, down 0.22 points from yesterday, down 15.71% from the peak of 127.49 points in the cycle (2019-01-03), and up 118.37% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the price trend of domestic fluorite has declined. The average price of domestic fluorite is 3068.75 yuan/ton as of 21 days. Recently, domestic fluorite plants started to operate normally, mines and flotation plants started to operate normally, fluorite supply was sufficient, hydrofluoric acid prices in the downstream were lower recently. For the fluorite market, the price of fluorite market was purchased on demand, and the price of fluorite market was lower. The trend is declining. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream receipt is poor, resulting in a decline in market prices. As of 21 th, the price of 97 fluorite wet powder in Inner Mongolia was 2800-3000 yuan/ton, that of 97 fluorite wet powder in Fujian was 2900-3200 yuan/ton, that of 97 fluorite wet powder in Henan was 2900-3200 yuan/ton, and that of 97 fluorite wet powder in Jiangxi was 2900-3200 yuan/ton.

The market price of hydrofluoric acid in the downstream of fluorite maintained a low trend. The domestic market price of hydrofluoric acid was 11 430 yuan/ton as of the 21st day. The decline of the market price of hydrofluoric acid has a negative impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general, the demand for fluorite has weakened, and the price of fluorite has slightly decreased. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, the production enterprise device is stable, but the pressure of goods is too high, inventory expansion appears to a certain extent, the enterprise aims to make profits to deliver goods. The downstream weakness continues, the peak season of refrigerants has passed, and demand has only declined but not increased. The price of domestic large enterprises has maintained the level of 16500-18000 yuan/ton. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. However, the price of on-site transactions does not change much. Businessmen buy on demand. At the end of the peak season, the demand downstream of the terminal decreases but does not increase. The price affected by the fluorite market is slightly lower.

Overall, the downstream industry is slightly lower, coupled with sufficient supply of fluorite market, the downstream refrigerant industry demand is not good, Business Analyst Chen Ling believes that the price of fluorite market may be slightly lower.

Price Trend

According to the monitoring data of business associations, the market price of ammonium sulphate dropped this week. The average price of ammonium sulphate at the beginning of the week was 656 yuan/ton, while the average price at the end of the week was 650 yuan/ton, down 1.02%. Compared with August 1 (660.00), it decreased by 1.52%.

II. Market Analysis

Products: At present, the mainstream of ammonium sulphate in Shandong is quoted 550-680 yuan/ton, the mainstream of ammonium sulphate in Northeast is quoted 650 yuan/ton, the mainstream of ammonium sulphate in Henan is quoted 600-700 yuan/ton, the mainstream of ammonium sulphate in Hebei is quoted 600-660 yuan/ton, and the mainstream of ammonium sulphate in Shanxi is quoted 550-650 yuan/ton. The mainstream ammonium sulfate factory quotation in East China is about 700 yuan/ton. Domestic coking grade ammonium sulfate Market is dominated by forward orders, with a small volume, and market prices continue to oscillate downward trend. The price of caprolactam ammonium sulphate is firm, and the price of caprolactam ammonium sulphate fluctuates in the region. The downstream of Shandong Province is affected by typhoon and the goods are moving slowly.

Industry chain: This week, the distribution price of sulphuric acid in Shandong fell slightly. The quotation fell from 225.00 yuan/ton at the beginning of the week to 217.50 yuan/ton at the end of the week, dropping 7.50 yuan/ton, or 3.33%, down 50.57% from the same period last year. Overall, this week’s sulphuric acid market has fallen, sulphuric acid manufacturers have less inventory and less downstream demand. The overall market trend of downstream compound fertilizer enterprises is stable, with a start-up rate of about 40%. The actual transaction price of the enterprise was lower than that of the earlier period. Compound fertilizer enterprises maintained a wait-and-see attitude and were not active in stockpiling.

Industry: According to the price monitoring of business associations, in the 32nd week of 2019 (8.12-8.18), there were 0 commodities rising or falling in the list of fertilizer prices, 4 commodities falling, and 5 commodities rising or falling to 0. The main commodities falling were liquid ammonia (-3.03%), urea (-1.45%) and ammonium sulfate (-1.02%). Average gains and losses this week were -0.69%.

3. Future Market Forecast

Ammonium sulfate analysts believe that the domestic ammonium sulfate Market as a whole price shock finishing, domestic demand for ammonium sulfate is limited. The downstream compound fertilizer enterprises still have no improvement in starting rate, which is weaker than the same period in previous years. Narrow fluctuations in the coking market range are downward. Prices at the internal level remain stable under the support of export orders, and each manufacturer does not rule out the possibility of price reduction. It is expected that the ammonium sulfate Market will continue to be weak downward in the later period, mainly in consolidation.

On August 19, the phthalic anhydride commodity index was 57.10, down 0.16 points from yesterday, down 52.47% from the cyclical peak of 120.13 points (2012-02-28), and up 17.93% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recent domestic market price fluctuation of phthalic anhydride, price fluctuation of phthalic anhydride and phthalic anhydride in eastern China, downstream factories maintaining just in need of purchase, factory inventory pressure, high-end transaction hindered, the mainstream of on-site neighbouring source negotiations is 5700-5900 yuan/ton, the mainstream of naphthalene source negotiations is 5300-5400 yuan/ton; the mainstream of phthalic anhydride market in North China is 5300-5400 yuan/ton. The quotation ranges from 5700 to 5800 yuan/ton, the market price remains volatile, the quotation of enterprises is temporarily stable, the downstream construction is not high, the procurement is on demand, the wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is mainly volatile.

In the near future, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 6000 yuan/ton. The import market of phthalic anhydride in the port area has fallen, the quotation is stable, the recent market of phthalic anhydride in the port is general, the port stock is low, the quotation of o-phthalic anhydride outside market has fallen concussively, the actual transaction price is based on negotiation, the factual details are discussed in detail, Market prices remain low and volatile. Downstream DOP raw material phthalic anhydride price is temporarily stable, isooctanol price is stable, DOP cost trend is stable. DOP prices remain stable temporarily, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks rise, DOP market mainstream transaction price is about 7350 yuan/ton, downstream prices are low shocks, it is expected that phthalic anhydride market prices will maintain shocks in the later period.

Price List of Magnesium Ingot in 2018-2019

The market trend of magnesium ingots in 2018 can be roughly divided into three stages: from the beginning of the year to the middle of May, magnesium ingots oscillate in the range of 15,000-15,500 yuan/ton; from the middle of May, the price of magnesium ingots rises steadily, opening up a good market for magnesium. The price of magnesium ingots breaks through 16,000 yuan/ton in late June, 17,000 yuan/ton in early August, 18,000 yuan/ton in mid-October; and from the beginning of December, magnesium ingots break through 16,000 yuan/ton in late Price callback, return to 17,000 yuan/ton at the end of the year.

According to the data of business associations, domestic magnesium ingots (99.90) were quoted 17033.33 yuan/ton on December 31, 2018, 15 437.5 yuan/ton on December 31, the annual increase was 10.34%, 14 975 yuan/ton on January 11, the increase was 13.75%, which was lower than the peak price of magnesium ingots (29 November) and 18420 yuan/ton on November 29. The range was 7.53%. Based on the average price at the beginning of the year, the average annual fluctuation of magnesium ingot Market in 2018 is 22.32%.

The price of magnesium ingot in 2019 is slightly higher than that in the same period in 2018, but the price trend is weaker. According to data from business associations, as of August 16, the average annual peak price of magnesium ingots in 2019 was 17,550 yuan/ton (March 17), which was 3.03% higher than the average price at the beginning of the year; the lowest price appeared on July 8, and the average price of magnesium ingots was 15,433.33 yuan/ton, which was 9.39% lower than the average price at the beginning of the year; and the annual amplitude was 12.43%.

Prices of magnesium ingots were relatively stable in the early period of 2019. Prices of magnesium ingots fluctuated around 17 000 lines from mid-January to early May, with a range of 16 500 to 17 500 yuan/ton. From late May to early July, prices of magnesium ingots dropped sharply. According to data from business associations, the average market price of magnesium ingots on May 20 was 16 900 yuan/ton, and on July 10, the average market price of magnesium ingots was 15 433.33 yuan./ In 40 days, the price of magnesium ingot dropped by 1500 yuan/ton, or 8.68%. In mid-July, the price of magnesium ingot rose by 16,000 yuan/ton, then slightly returned to 15,500 yuan/ton. In August, the average price of magnesium ingot began to rise steadily, and by August 16, the average price of magnesium ingot Market rose by 2.15%.

From January to August 2019, the average monthly price of domestic magnesium ingot Market rose and fell as follows (yuan/ton):

Monthly rise and fall (%) amplitude (%) minimum price (date) maximum price (date)
1-0.49 4.75 16400.00 (01.09) 17225.00 (01.23)
2.15 1.15 16875.00 (02.12) 17075.00 (02.18)
3.74 3.24 17000.00 (03.01) 17550.00 (03.17)
4-0.73 0.73 17025.00 (04.09) 17150.00 (04.01)
5-1.13-1.13 16833.33 (05.31) 17025.00 (05.01)
6-6.34-6.34 15766.67 (06.26) 16833.33 (06.01)
7-1.69 3.38 15433.33 (07.08) 15966.67 (07.18)
8 (as of 16 days) 2.15 2.15 15833.33 (08.16) 15500.00 (08.01)
2019.08 Business Association
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Ferrosilicon Price of Raw Material Strong Cost Support of Magnesium Ingot

In 2019, the price of raw material ferrosilicon is stronger than that of magnesium ingot. According to business association data (as shown below), the price trend of magnesium ingot-ferrosilicon tends to converge obviously in the end of January-February. After the price of raw material ferrosilicon rose in early March, the price of magnesium ingot oscillated all the way, while the price of magnesium ingot declined significantly.

The price trend chart of magnesium ingot-ferrosilicon in 2019 is as follows:
The weakening of the correlation between magnesium ingot and ferrosilicon price shows that this year the price of magnesium ingot is weakened by the influence of cost factors. The market expectation (or the willingness of manufacturers to bid) of the price of magnesium ingot rising steadily due to the rising price of raw materials collapsed in previous years. On the other hand, it also reflects that the price of magnesium ingot rose by 18,000 yuan/ton in 2018 and then entered 201. Nine years of magnesium ingot prices are relatively high, cost factors are relatively weak, supply and demand factors are enlarged. Downstream demand, factory inventory and capital turnover demand have become the focus of market game.

Although the influence of raw material ferrosilicon on the price of magnesium ingot has weakened in recent months, with the price of magnesium ingot declining, it gradually returns to the front line of 15500-16000 yuan/ton. From the point of view of cost factor and historical data, it should also be respected.

According to the latest news, the latest developments of steel recruitment in August are as follows:

1. The tender price of Ferrosilicon of Nanyang Hanye Special Steel was announced in August. The acceptance price of Ferrosilicon including tax was 6260 yuan/ton, which was 30 yuan/ton higher than that of July, and the quantity was 200 tons, 50 tons higher than that of July.

2. Hengyang Hualing Steel Pipe started bidding in late August. This 75B Ferrosilicon Bidding Quantity is 360 tons. The quotation deadline is 10 a.m. on August 16. The delivery date is required before August 30.

3. The tender price of ferrosilicon in Lingyuan Iron and Steel Co. was announced in August. The acceptance price of ferrosilicon with tax was 6 630 yuan/ton, and the quantity was more than 1,000 tons.

From the above data, it can be concluded that the steel price in August is more stable than that in July. Overall, the market supply side is loose (Ferrosilicon manufacturers resume production news, Zhongwei Dayou smelting opened a new 45000 KVA ore furnace), downstream demand is weak and other negative factors, Ferrosilicon manufacturers’mentality has been impacted, quotation slightly declined. In addition, the output of ferrosilicon reached 464,000 tons in July, an increase of 238,000 tons compared with June, an increase of 5.41% annually. In the week of August 2, the national start-up rate was 59.08%, which was 0.4% lower than that of last week. The average daily output was 15101 tons, a decrease of 343 tons annually. In the absence of positive factors, the short-term ferrosilicon market may maintain weak and stable operation.

The future trend of ferrosilicon may be weak and stable, but based on the relatively strong position of raw material ferrosilicon price over magnesium ingot price, the cost support of magnesium ingot is still strong. Recently, the price of magnesium ingot has been steadily rising, and the future trend of magnesium ingot-ferrosilicon price is not uncertain.

Magnesium exports in the first half of the year were running well

According to statistics from the General Administration of Customs, in the first half of 2019, the total export volume of six kinds of magnesia and its products in China totaled 232.4 million tons, an increase of 19.3% over the same period last year, and a cumulative export value of 4.117 billion US dollars, an increase of 34.3% over the same period last year.

Among them, in June, the export volume of six kinds of duty magnesia and its products totaled 37.1 million tons, an increase of 8.0% compared with the same period of last year, and the export amount was 668 million US dollars, an increase of 23% compared with the same period of last year; in June, the export volume of magnesium increased by 5.03% annually compared with May, and the export amount increased by 9.28%.

Recent Magnesium Market’s Steady and Strong Operation

It is reported that at present, most factories have fewer spot sources and less inventory pressure. Some magnesium enterprises mainly sell in advance, and the delivery date is shorter than the spot, then it is moved back 3-5 days and about a week. On the one hand, the demand has improved slightly based on the release of orders backlogged in earlier period of export; on the other hand, due to the current off-season of production, hot weather and plant equipment maintenance routine, producers in the main production area began routine equipment maintenance, expected factory output will decline, factory warehouse. As a whole, there is not much stock, and the willingness of the factory to bid is still there.

This week (8.12-8.16) the price of magnesium ingots gradually increased. By Friday, the cash tax price of magnesium ingots (99.9%, non-pickling, simple packaging) from the main domestic producing areas was firm. Some manufacturers’quotations went up. The specific quotation ranges were as follows:

Fugu area has ex-factory cash remittance of 15700-16000 yuan/ton, Taiyuan area of 15800-16000 yuan/ton, Wenxi area of 16000-16200 yuan/ton and Ningxia area of 15800-15900 yuan/ton.

In terms of actual transaction, the mainstream factories in northern Shaanxi offer a spot exchange rate of 15700-15800 yuan/ton, the lowest spot exchange rate of 15650 yuan/ton, and the low-cost source of goods is hard to find; the ex-factory price in Taiyuan is 15800-15900 yuan/ton, the spot price is not much, the pre-sale production is predominant, which is expected to last until next Wednesday or so, and the spot price in Wenxi area is 1600-16100 yuan/ton.

Magnesium City Future Expectation

In 2019, supply and demand will dominate the market of magnesium ingots. Unless the price of magnesium ingots goes down, the cost-side factor will probably be highlighted again at the low price of magnesium ingots.

Recently, the magnesium ingot Market has been well-traded, pre-sale orders have been signed from time to time, and the demand side has improved compared with the early July. With the continuous release of inventory, the production of factory orders will become more common, and the enthusiasm of downstream purchasing will increase. It is expected that the price of magnesium ingot will stabilize and run strongly in the near future. Later, it will pay attention to the actual market transactions and the maintenance of magnesium plants. Situation.