Monthly Archives: December 2021

The bidding price of crude benzene rose on December 30

On December 30, 2021, the domestic crude benzene price was 5597 yuan / ton, an increase of 7.61% over the previous day.

 

International crude oil prices rose on December 29. The settlement price of the main contract of WTI crude oil futures in the United States was US $76.56/barrel, up US $0.58 or 0.76%, and the settlement price of the main contract of Brent crude oil futures was US $79.21/barrel, up US $0.54 or 0.69%. Oil prices reached the highest closing record in the last five weeks, and the inventory data of the US Energy Information Administration (EIA) were positive, showing that the inventory of US crude oil and refined oil fell last week, overshadowing the concern that the rapid spread of Omicron may reduce demand.

 

Crude oil rebounded sharply, giving a good boost to related commodities. Sinopec raised the ex factory price of pure benzene to 7000 yuan / ton. Boost the downstream hydrobenzene market. The bidding price of crude benzene increased this week, and 5640 ~ 5645 yuan / ton was implemented in Shandong.

 

The rise of crude oil and pure benzene drives the recovery of hydrogenated benzene market, the expectation of enterprise commencement is boosted, and the demand for crude benzene is recovered. The future market mainly focuses on the trend of crude oil and pure benzene.

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On December 29, the market trend of acetic acid was stable

Trade name: acetic acid

 

Latest price (December 29): 6180 yuan / ton

 

Key points of analysis: today, the price trend of acetic acid is stable, the market continues to wait and see, the inventory of domestic acetic acid enterprises is rational, the downstream market just needs to be purchased, the enterprise shipment is smooth, the quotation continues to be stable, and the market supply and demand performance remains balanced. After the recovery of Nanjing Yangzi Bibi acetic acid installation in the later stage, the market supply will increase. At present, the field operators hold a wait-and-see attitude towards the future market.

 

Future forecast: the short-term acetic acid market will continue to be stable and wait-and-see, and pay attention to the market supply.

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On December 28, the market situation of ammonium chloride continued to be stable

The market situation of ammonium chloride continued to be stable. According to the monitoring of business society, the price of domestic ammonium chloride dry ammonium was 1095 yuan / ton on the 28th, which was stable compared with the previous day. Since December, the price of raw liquid ammonia has been weak, the cost has a weakening trend, and the impact on ammonium chloride is empty. Urea prices have rebounded recently. Recently, with the impact of printing standards again, urea has a bullish atmosphere and has certain psychological support for ammonium chloride. However, the downstream demand is still weak, and the ammonium chloride market is weak as a whole.

 

It is predicted that the demand side is weak and the cost side is low, but the short-term rebound of urea price is supported. It is expected that the ammonium chloride market will be stable in the short term.

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On December 27, the price of refrigerant R22 was temporarily stable

1、 Price trend

 

Latest price (December 27): 18333.33 yuan / ton

 

Key points of analysis: according to the data monitoring chart of the business society, the refrigerant R22 market temporarily operated stably on December 27. Recently, the price of raw hydrofluoric acid has been temporarily stable, while the price of chloroform has increased. With the cost support, the price of R22 is low, and the offer of enterprises has increased slightly. So far, the price of raw hydrofluoric acid is about 12700 yuan / ton, and the price of chloroform is about 3900 yuan / ton, R22 market quotation remains at 16000-18000 yuan / ton.

 

R22 market is expected to run stably for the time being.

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Energy crisis stimulates zinc price rise

The price of zinc fluctuated and rose

 

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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.

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On December 23, the price index of domestic rare earth market was temporarily stable

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.

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On December 22, the domestic PVC price was temporarily stable

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.

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On December 21, the price of ammonium sulfate was stable

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.

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On December 20, the market price of dimethyl ether rose steadily

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.

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DMF market prices rose narrowly this week

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.

 

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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).

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