Price Trend

According to the commodity list data of business associations, formaldehyde prices in Shandong rose in September. At the beginning of the month, the average price of formaldehyde was 1160.00 yuan/ton, and at the end of the month, the average price of formaldehyde was 1320.00 yuan/ton, an increase of 13.79%. Current prices fell by 13.44% compared with last year.

II. Market Analysis

Products: Domestic formaldehyde market price rises. By the end of September, Hebei mainstream ex-factory quotation is about 1100 yuan/ton, South China mainstream ex-factory quotation is about 1200 yuan/ton, Shandong mainstream ex-factory quotation is about 1330 yuan/ton, Jiangsu mainstream ex-factory quotation is 1450 yuan/ton. Shandong Linyi Galaxy produces 120,000 tons of formaldehyde annually, and the content of formaldehyde is 36.7-37%. Hebei Kaiyue produces 400,000 tons of formaldehyde plant overhaul. The supply of formaldehyde in the formaldehyde market is affected by environmental protection, and the price of formaldehyde manufacturers is rising.

Industry chain: The price of methanol in the upstream continues to rise. Influenced by the high crude oil level and the expected production of methanol-to-olefins in the month, the methanol market has a positive trading atmosphere. Mainland enterprises have shipped smoothly, and the focus of market negotiations has been continuously raised. At the beginning of the month, the price was 1994.00 yuan/ton, and at the end of the month, it was 2289.00 yuan/ton, an increase of 14.84%. The downstream market demand is relatively stable, supported by favorable supply and demand, and the price of formaldehyde is rising.

3. Future Market Forecast

In recent days, the upstream methanol market was affected by the end of the 11 long holidays. The price of methanol was high and the cost support was stable. However, due to the large-scale shutdown of environmental protection control and the decrease of demand in some downstream areas, formaldehyde analysts from the business and social chemical branch predicted that the domestic formaldehyde price or consolidation would be the main factor in the near future.

I. Trend of Rare Earth Market

As of September 27, the price of Pr-Nd oxides fell by 1.55% and 1.55% over the same period. The domestic reference price of dysprosium-iron alloys dropped by 1.32% and 59.06% over the same period. The domestic reference price of Pr-Nd oxides dropped by 1.21% over the same period. The mainstream price of praseodymium oxide is 382500 yuan/ton, and the price trend is stable, down 6.71% year on year; the mainstream price of dysprosium oxide is 1865000 yuan/ton, down 1.32%, up 63.32% year on year; the price of neodymium oxide is 31900 yuan/ton, down 1.54%, up 0.95% year on year; the price of neodymium metal is 407500 yuan/ton, down 1.21% year on year. Ping; Metal praseodymium ex-factory quotation is 695,000 yuan/ton, price trend is temporarily stable, up 5.30% year-on-year; Metal dysprosium ex-factory mainstream quotation is 2325,000 yuan/ton, price trend is stable, up 43.08% year-on-year.

II. Rare Earth Price Index

On September 27, the rare earth index was 375 points, down 1 point from yesterday, down 62.50% from the cyclical peak of 1000 points (2011-12-06), and up 38.38% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

III. Market Analysis

Recent price declines in rare earth market, domestic rare earth market trading market is general, dysprosium and terbium metal and oxide prices fall, recent field inquiries for neodymium oxide and neodymium oxide have decreased, the price of light rare earth oxide slightly declined, recent market light rare earth merchants are poor, recent on-site turnover is general. The supply of rare earth is normal in China. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has its particularity, especially the radiation hazards of some products, which make the environmental protection supervision stricter. Metal enterprises and downstream magnetic materials enterprises are still weak in buying after the holiday because of the surplus of pre-holiday purchasing, and the price of rare earth has declined compared with the earlier period. They are in a strong wait-and-see mood. Under strict environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides, especially some mainstream rare earth oxides, which are in normal supply, and the price trend of rare earth market is temporarily stable in the near future. Large enterprise groups in the field are reluctant to sell. The rare earth market is generally on the market, and the turnover has not changed much.

Recently, the State Environmental Protection Department has been making strict investigations. Strengthening the supervision of the rare earth industry in Jiangxi Province has a great impact on the rare earth industry. The start-up of the rare earth industry is relatively low and the market is cold, which has brought some favorable support to the rare earth market. Recently, the State Council inspection team went to Jiangxi rare earth enterprises to inspect. This inspection closely centered on the major deployment of the Party Central Committee and the State Council, highlighted the key and difficult issues in the field of economic operation and reform and development, and focused on the strong blockades and pain points reflected by the people and the market subjects, so as to promote the implementation of various tasks from point to point. In addition, the Development and Reform Commission and the relevant departments should take effective measures to improve the management mechanism, strengthen the industrial restructuring and standardization, speed up the construction of a rational industrial structure, advanced scientific and technological level, effective protection of resources, orderly production and operation of the industry development pattern, effectively play the special value of rare earth as a strategic resource, and shrink the supply of raw mineral resources in the upstream of the rare earth industry. Domestic stakeholders are waiting for good news from the policy and the reserve.

IV. Future Prospects

Rare earth analysts of business associations expect that the domestic environmental protection inspection will not decrease in the near future. In addition, the domestic order of the rare earth industry will be rectified, and the supply of the rare earth industry in Jiangxi will be kept at a low level. However, the demand of the lower reaches of rare earth has not improved in the near future. It is expected that some prices of the rare earth market will remain at a low level.

Price data:

According to the monitoring data of business associations, bromine market in China rose steadily in September and is expected to continue to rise in the future. At the beginning of the month, the average price of bromine in China was about 30,187 yuan/ton, and at the end of the month, it was about 30,687 yuan/ton. The average price rose 1.66% in the month, and fell 3.06% compared with the same period last year.

II. Cause Analysis

Products: The domestic bromine market started relatively low this month. Affected by the National Day environmental security inspection, many enterprises in North China have stopped. The overall start-up rate in Shandong is not high and the inventory is low. It is expected that the recovery time will be in mid-October. However, after the weather turns cold, the bromine production will gradually reduce and the spot market supply will become scarce. At present, the mainstream quotation of enterprises is around 30500 yuan/ton.

Industry Chain: The upstream industry of bromide rose and fell differently this month: the demand of sulphur market was not good, falling by 16.35% in the month, and now it is around 580 yuan/ton; the caustic soda market was affected by the news of shutdown and transportation restriction brought by National Day, which increased by 20.57% in the month, and now it is about 850 yuan/ton; the soda market is running steadily, and the market has a strong stable price mentality. The former average price is about 1740 yuan/ton; the demand downstream of sulphuric acid market is not good, which dropped by 5.8% in the month, and now it is about 216 yuan/ton. At present, the downstream flame retardant industry of bromine is inadequate due to the influence of National Day. It is expected that the demand for bromine will increase after the National Day holiday, which will support the price of bromine well. Industries such as pharmaceutical and agricultural intermediates will start to work smoothly under the influence of environmental protection and purchase demand.

3. Future Market Forecast

Bromine industry analysts of business associations believe that, affected by the National Day, the overall supply and demand of domestic bromine market are weak, and it is expected to run steadily in a short period of time. After the Eleventh holiday, some parking enterprises will resume production. With the cooling of the weather, some seawater bromine enterprises will enter the shutdown period, and the spot supply will be tightened to a certain extent. In the long run, bromine prices in China are on the rise.

Price Trend

According to the data of business associations, the market price of propylene (Shandong) in China has risen sharply in recent days and slowly declined. At the beginning of this week, the average price of propylene (Shandong) was 7 850 yuan per ton per week; Tuesday was 8 04yuan per ton per week; at the end of the week, the average price of propylene (Shandong) was 7 904 yuan per ton, with a weekly increase of 0.69% and a weekly fluctuation of 1.96%. The price of propylene jumped sharply on Monday. Last Sunday (September 15) the price of propylene was 7673 yuan/ton, and on Tuesday (September 17), it jumped 4.31%.

II. Analytical Review

Products: The prices of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, 2, 3-5 and 6-8 respectively, slightly decreased by 50 yuan/ton on September 10, increased by 50 yuan/ton on September 11 and stabilized by crude oil on December 15. The prices of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, and increased by 12-15. The range jumped up, rising about 300/ton on 16 and 17 days, and the price was flat on 18 days. Enterprise prices slightly declined on 19 and 20 days. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7850 yuan/ton. The inventory enthusiasm of the refinery has been improved, and there are more profit concessions.

Industry chain: upstream, due to the impact of last weekend Saudi Arabia incident, international crude oil production fell sharply in the early stage, market prices continued to rise, Saudi crude oil recovered well, international crude oil prices dived again, resulting in the linkage of propylene market up and down. On the downstream side, downstream manufacturers are cautious in purchasing, mainly at low prices. This week’s polypropylene futures prices fluctuated with crude oil. Spot prices rose steadily with a 7-day increase of 1.92%. However, domestic polypropylene factories in many areas are expected to implement the production restriction order. There are many expectations of polypropylene plant shutdown. Later, it is likely to continue the trend of shock adjustment, which has no significant positive or negative impact on propylene. The oleic acid price has been stable and has no effect on the propylene market for the time being; the propylene oxide price has been rising slowly, with a 7-day increase of 2.56%, but the propylene market is limited by the possibility of a slight drop in the high level in the later period; while the propylene oxide market has risen sharply, with a weekly increase of 10.26%, and a 7-day increase of 13.16%, which is obviously favorable. Propylene market; while the market for n-butanol was slightly volatile, with a weekly increase of 0.49%, mainly high-level consolidation, stable market shipments, little impact on propylene; the market for isooctanol rose this week, with a weekly increase of 2.45%, slightly favorable to the propylene market.

3. Future Market Forecast

Propylene analysts from Business Society Chemical Branch believe that overall, the decline of international crude oil after soaring has limited benefits for the propylene market; downstream procurement is cautious, although the market is mainly slightly rising, but the propylene market is expected to continue to decline in recent days.

Price Trend

According to the data monitoring of business associations, zinc prices rose first and then fell in September. Zinc prices shocked and adjusted, and overall zinc market shocks remained stable. As of September 24, the price of zinc was 19113.33 yuan/ton, up 0.46% from 19026.67 yuan/ton at the beginning of the month, down 2.37% from 19576.67 yuan/ton on September 16, and down 15.59% from the same period last year.

II. Market Trend Analysis

Zinc processing fee

Name, Quote, Intermediate Value, Time Unit
Zinc concentrate TC/Guangxi 6500-6700 6600 0 2019-9-16 yuan/ton
Zinc concentrate TC/Hunan 6500-6600 6550 0 2019-9-16 yuan/ton
Zinc concentrate TC/Yunnan 6100-6600 6350 0 2019-9-16 yuan/ton
Zinc concentrate TC/Shaanxi 6500-6700 6600 0 2019-9-16 yuan/ton
Zinc concentrate TC/Inner Mongolia 6550-6750 6650 0 2019-9-16 yuan/ton
Imported zinc concentrate TC 260-300 280 0 0 2019-9-16 USD/DT for zinc 50
Zinc concentrate TC/Guangxi 6500-6700 6600 0 2019-9-23 yuan/ton
Zinc concentrate TC/Hunan 6500-6600 6550 0 2019-9-23 yuan/metal ton
Zinc concentrate TC/Yunnan 6100-6600 6350 0 2019-9-23 yuan/ton
Zinc concentrate TC/Shaanxi 6500-6700 6600 0 2019-9-23 yuan/metal ton
Zinc concentrate TC/Inner Mongolia 6550-6750 6650 0 2019-9-23 yuan/metal ton
Imported zinc concentrate TC 260-300 280 0 0 2019-9-23 USD/dry ton

From the table above, it can be seen that the processing cost of domestic zinc concentrate is about 6500-6700 yuan per ton of metal, while that of imported zinc concentrate is about 280 dollars per ton, which is much higher than that of previous years. Compared with zinc price, zinc processing fee accounts for more than 30%, and zinc ingot cost remains high. High processing fee limits the falling space of zinc price, and there is limited space for zinc price to fall after the market.

Domestic Zinc Production

From the figure, we can see that the output of zinc rose sharply in August, the effect of increasing domestic zinc production in 2019 was obvious, the output of zinc increased by 18.9% in August compared with the same period last year; from January to August, domestic zinc production increased by 8.2%, zinc production increased, supply of zinc increased, pressure of falling zinc price increased.

Downstream demand

According to the data of the National Bureau of Statistics, the construction area of real estate increased steadily in 2019, and the construction area of real estate increased by 8.8% in January-August. The growth of real estate construction area shows that the fixed demand of the real estate market has increased. At the same time, we can see from the chart below that in 2019, the new construction area of real estate decreased year-on-year, and the real estate industry declined compared with 2018. Overall, the demand of real estate for zinc has increased, but the benefits are limited.

3. Prospects for the Future Market

Bai Jiaxin, an analyst with business associations, believes that the processing fee of zinc concentrate remains high, the cost of zinc ingots is high, and the zinc market has limited space to fall; the output of domestic zinc ingots has risen sharply in 2019, and the supply of zinc in the market is increasing, which has a negative impact on the price of zinc, and the pressure on the price of zinc has been greater; on the demand side, the real estate has risen overall, but it still falls Market demand is generally negative. In summary, the supply of zinc is in excess of demand, and there is downward pressure in zinc market. However, due to the high processing cost of zinc, the cost of zinc ingots is too high, and the space for zinc price to fall is limited. Zinc market in the future is mixed. It is expected that zinc prices will continue to oscillate in the future, and zinc prices will be adjusted.

On September 23, the ammonium nitrate commodity index was 106.14, which was the same as yesterday. It was 10.37% lower than the peak of 118.42 points in the cycle (2019-01-15), and 37.18% higher than the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic ammonium nitrate market price trend was temporarily stable, domestic ammonium nitrate plant running smoothly, supported by the rising price of upstream raw material nitric acid, ammonium nitrate market price trend is temporarily stable, ammonium nitrate factory shipment market is general, downstream on-demand procurement, combined with environmental protection control, the downstream civil explosion industry is still shut down. More, domestic ammonium nitrate manufacturers have limited start-up, and the market price trend is shocking. Up to now, the mainstream of negotiations in Shaanxi is 2100-2200 yuan/ton, the mainstream in Shandong is 2000-2100 yuan/ton, and the price in Hebei is 1850-2000 yuan/ton. Affected by environmental protection, some downstream factories are forced to limit production or stop production for maintenance and accept environmental protection inspection. The demand for ammonium nitrate is at a low level, and the market price of ammonium nitrate goes away. The situation is temporary.

Recently, the price trend of nitric acid Market in China is stable. The price quoted by mainstream manufacturers in Jiangsu province ranged from 1950 to 2000 yuan/ton, and the price increased by 500 yuan/ton. Anhui mainstream manufacturers quoted 1900-2000 yuan per ton, the price rose. Shandong manufacturers quoted 1900-2050 yuan/ton, the price trend is temporarily stable. The situation of nitric acid shipment has improved, the high price of nitric acid has a positive impact on the ammonium nitrate market, and the price trend of ammonium nitrate is stable; the domestic liquid ammonia Market in the upstream is stable, the market turnover is still acceptable, the market price of liquid ammonia is 3210 yuan/ton, and the liquid ammonia is affected by the lower cost in the upstream, together with most of the manufacturers’stocks. Pressure has increased compared with the previous period. Some units have been restarted and local ammonia supply has increased in the region. Especially in Shanxi and North China, most manufacturers have sufficient supply of ammonia. The price quoted by manufacturers in North China is maintained in the range of 3000-3400 yuan/ton. The price quoted by manufacturers in Northwest China is in the range of 2500-2800 yuan/ton. The price of liquid ammonia is rising for downstream ammonium nitrate market. Ammonium nitrate market price rose. In recent years, the market of the downstream civil explosion industry has not changed much. The market demand for ammonium nitrate is limited, and ammonium nitrate manufacturers have high stocks. However, the price of raw materials market remains high. The price trend of ammonium nitrate Market is stable due to the general trend of the market. Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices maintain high levels, downstream demand is still at a low level, expected to be affected by raw material support in the latter part of the ammonium nitrate market prices or will maintain a stable trend.

Price Trend

According to the data of the business associations’list, the domestic PA66 market fell weakly in mid-September and the price fell. As of September 20, the average price of viscous injection grade mainstream offer in PA66 was about 23300.00 yuan/ton, which was 2.51% lower than that in the first week.

Analysis of influencing factors:

The upstream adipic acid market of PA66 was mainly adjusted in mid-September. The market atmosphere was slightly cool. The distributors were mainly active in delivering goods. The market remained in a turbulent pattern. At present, the downstream market had a heavy wait-and-see mentality and a slightly stalemate in trading. Upstream pure benzene in September domestic pure benzene spot tightening, coupled with the recent violent shock of crude oil, stimulate the market, spot rally is strong. However, the results show that there is limited support for adipic acid. Adipic acid market supply is slightly excessive, and many distributors said that inventory pressure is high, plant start-up rate is high, market inventory and manufacturer inventory have risen, market price quotation and deal-making still have price difference, most regions maintain stable market. In terms of demand, downstream gas purchases are insufficient. The traditional “Golden Ninth” market has not arrived as scheduled this year. The downstream start-up rate is about 50%, which does not give a strong boost to the upstream adipic acid. In mid-September, the domestic PA66 market is well-stocked. It is reported that Shandong Development and Reform Commission has adjusted 100 tons of PC to withdraw from key projects and added it instead. Qixiang’s 1 million tons PA66 project was a breakthrough in technology in the past few days. The news is not conducive to easing the contradiction between supply and demand. Downstream factories just need to take delivery, demand has not improved and continued to weaken. The market buys gas insufficiently, the trader wait-and-see mentality is heavy. Businessmen follow the market, and most of the transactions are flexible and detailed. The overall market trend is weak, and domestic PA66 is still weakening in mid-September.

Future forecast:

Business analysts believe that the domestic PA66 market weakened in mid-September. Upstream adipic acid shock adjustment has limited cost support for PA66. At present, the spot supply is abundant and there are other large production line projects set up, which is bad news. The enthusiasm of downstream reserve is not high, and 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. It is expected that PA66 will continue its disadvantaged consolidation in the near future.

On September 19, the fluorite commodity index was 100.97, unchanged from yesterday, down 20.80% from the peak of 127.49 points in the cycle (2019-01-03), and up 105.18% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, domestic fluorite prices fluctuated at a low level, with an average price of 2877.79 yuan/ton as of 19 days. Recently, domestic fluorite plants started to operate normally, mines and flotation plants started to operate normally, fluorite supply was sufficient, and the price of hydrofluoric acid in the downstream maintained a low level recently. For the fluorite market, purchasing on demand, fluorite went on the spot. The goods are in poor condition and the fluorite market price is stable for the time being. Recent downstream installation start-up situation is general, fluorite spot supply is sufficient, terminal downstream demand is not improving, resulting in weak market prices. As of the 19th, the price of 97 fluorite wet powder in Inner Mongolia was 2700-2900 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian was 2700-2900 yuan/ton, the price of 97 fluorite wet powder in Henan was 2700-2900 yuan/ton, the price of 97 fluorite wet powder in Jiangxi was 2700-3000 yuan/ton, and the price trend of fluorite remained low.

The market price of hydrofluoric acid in the downstream of fluorite maintained a low trend. The domestic market price of hydrofluoric acid was 10 370 yuan/ton as of the 19th day. The low 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 declined. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce the start-up load, market supply capacity has decreased, inventory pressure has been buffered. On the demand side, downstream air-conditioning manufacturers’overhaul, the demand only declined but did not increase, and the price of domestic large enterprises fell to 1250-14500 yuan per ton. The domestic market price of R134a is declining. At present, the market of R134a has entered the off-season. The downstream demand is relatively weak. The start-up rate of many R134a manufacturers remains low. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined but not increased, and the price affected by the fluorite market is at a low level.

Generally speaking, the downstream refrigerant industry is declining, and the supply of fluorite market is sufficient, and the demand of downstream refrigerant industry is not good. Chen Ling, an analyst of business associations, believes that the price of fluorite market may continue to decline.

Price trends:

According to the business associations’big list data, ABS spot prices continued to rise in mid-September, and the domestic market trend was strong. As of September 18, the mainstream offer price of general-purpose ABS was about 13350.00 yuan/ton, up 1.52% from the first week of this month.

2. Analysis of influencing factors:

Industry chain: ABS upstream aspects, styrene market prices rose sharply early this month, the recent rise in international crude oil after the diving hit business mentality, domestic styrene prices were also affected and fell. However, in general, the situation of tight spot supply still exists. Inventories in some areas are low and businesses are reluctant to sell low-priced goods. It is expected that styrene will be treated and operated in the near future, while domestic butadiene market will be strengthened in the near future, and the supply is also on the tight side. The price increase of Panjin’s source of goods drives up the prices of the other export manufacturers in the north. In addition, the spot resources in East China have not been significantly supplemented yet. The middleman’s offer follows the supplier and pushes up the price. It is expected that butadiene will still be on the strong side in the future market, and the spot market of acrylonitrile-related products in the past two weeks will continue to run at the tender price at the beginning of the month. On the supply side, the industry’s inventory is low. It will take some time for new production lines to export spot. There is still a gap in the market supply and the spot supply performance is relatively tight. Downstream traders maintain a cautious attitude, replenishment to maintain just in need. It is expected that the domestic acrylonitrile quotation will be integrated in the near future; the upstream support of ABS is strong, and the downstream demand will be improved because of the improvement in the demand of entering the “gold, silver and ten” household appliances industry. The overall market buying is still acceptable, and the domestic ABS price will rise in the near future as a whole.

3. Future market forecast:

Business analysts believe that in mid-September, the ABS market rose strongly and spot prices of various brands rose. On the cost side, the upstream three materials have strong support for the cost side. On the downstream side, the household appliances industry has entered the peak demand season, the demand for ABS has increased, and the on-site trading atmosphere is still acceptable. Although the dive after the crude oil surge affects the mindset of the operators, the confidence of the manufacturers is still strong. It is expected that the recent trend of crude oil and upstream three materials will be more directly reflected in the spot price of ABS. It is suggested that we continue to pay attention to the impact of international crude oil fluctuations on upstream three materials.

On September 17, the fluorite commodity index was 100.97, down 0.39 points from yesterday, down 20.80% from the peak of 127.49 points in the cycle (2019-01-03), and up 105.18% from the low of 49.21 points on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic fluorite price trend continues to decline, the average domestic fluorite price is 2877.79 yuan/ton as of 17 days. Recently, the domestic fluorite plant started normally, the mine and flotation plant started normally, the supply of fluorite in the field is sufficient, and the price of hydrofluoric acid in the downstream maintains a low level in the near future. For the fluorite market to purchase on demand, the fluorite field moves on. Goods are in poor condition and fluorite market prices are lower. Recent downstream installation start-up situation is general, the spot supply of fluorite in the field is sufficient, the downstream demand of terminal is not improving, resulting in a decline in market prices. Up to the 17th, the price of 97 fluorite wet powder in Inner Mongolia was 2700-2900 yuan/ton, the mainstream of 97 fluorite wet powder in Fujian was 2700-2900 yuan/ton, the price of 97 fluorite wet powder in Henan was 2700-2900 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi was 2700-3000 yuan/ton. The price trend of fluorite continued to decline.

The market price of hydrofluoric acid in the downstream of fluorite maintained a low trend. The domestic market price of hydrofluoric acid was 10 370 yuan/ton as of the 17th day. The low market price of hydrofluoric acid had a negative impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plants was general, with the demand for fluorite weakening and the price of fluorite falling. Recent downstream refrigerant market trading market is general, domestic refrigerant R22 market shocks down, from the market supply point of view, refrigerant R22 market continues to be weak, manufacturers reduce the start-up load, market supply capacity has decreased, inventory pressure has been buffered. On the demand side, downstream air-conditioning manufacturers’overhaul, the demand only declined but did not increase, and the price of domestic large enterprises fell to 1250-14500 yuan per ton. The domestic market price of R134a is declining. At present, the market of R134a has entered the off-season. The downstream demand is relatively weak. The start-up rate of many R134a manufacturers remains low. However, on-site transaction prices continue to decline, merchants purchase on demand, the end of the peak season, downstream terminal demand only declined but not increased, and the price affected by the fluorite market declined.

Generally speaking, the downstream refrigerant industry is declining, and the supply of fluorite market is sufficient, and the demand of downstream refrigerant industry is not good. Chen Ling, an analyst of business associations, believes that the price of fluorite market may continue to decline.