Price: industrial grade lithium carbonate 429600 yuan / ton, battery grade lithium carbonate 448000 yuan / ton

Analysis: Recently, the price of lithium carbonate has continued to rise. Due to the continuous outbreak of demand in new energy vehicles, energy storage and other markets, the price of lithium carbonate, as an indispensable raw material in the production and manufacture of four cathode materials, has continued to hit a record high. In addition, due to the relatively long production cycle at the upstream mine, there are obvious restrictions on the increase of lithium salt production. Under the tension of supply and demand, the price of lithium carbonate rises all the way.

Forecast: Although the demand gap for lithium salt in the current market has narrowed, it still exists. It is expected that the transaction of lithium carbonate will be further improved in the future.

Trade name: formic acid

Latest price (February 22): 4616.67 yuan / ton

On February 22, the formic acid market was temporarily stable, flat compared with the previous trading day, and increased by 1.84% compared with the price on January 22. Recently, the upstream caustic soda is in strong operation, the price of sulfuric acid is temporarily stable, the price of liquid ammonia rises, the price of methanol is stable and wait-and-see, the cost support is enhanced, the downstream is mainly purchased on demand, the market procurement and sales are orderly, and the focus of negotiation is stable.

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

Domestic cobalt price rose on February 21

According to the data monitoring of business agency, the domestic cobalt price rose on February 21, and the cobalt market picked up. On February 21, the price of cobalt was 542000 yuan / ton, up 1.19% from 535600 yuan / ton on the previous trading day; The cobalt market recovered and the cobalt price rose sharply.

Key points of analysis

The international cobalt price has risen, and the price difference between domestic and foreign countries is large; The consumption growth of new energy vehicles exceeded expectations, the demand growth of cobalt market exceeded expectations, the high level of mobile phone market remained stable, the demand of cobalt market was strong, and the rising power of cobalt market was large. Cobalt prices rose too fast, and the risk of future decline remains.

Future forecast

Demand exceeded expectations, cobalt prices rose sharply, cobalt prices rose too fast, and downward pressure remained in the future. Cobalt prices are expected to stabilize strongly in the future.

1、 Trend analysis

As shown in the figure above, the copper price fluctuated slightly this week. As of the end of this week, the spot copper price was 71578.33 yuan / ton, up 2.02% from 71488.33 yuan / ton at the beginning of the week and 0.13% year-on-year.

Copper weekly rise and fall chart

According to the weekly rise and fall chart of business society, in the past three months, it has risen by 5 and fell by 6 and 1. Recently, the overall trend of copper price is relatively volatile.

In terms of supply and demand: there were few maintenance plans for smelters in the first quarter, and the fear that the northern smelter would be affected by the Winter Olympics in the early stage did not materialize, allowing the smelter to maintain a high output. In January, the operating rate of wire and cable enterprises was 63.42%, a month on month decrease of 16 percentage points and a year-on-year decrease of 11.4 percentage points. In January, the operating rate of refined copper rod enterprises was 56.25%, a month on month decrease of 15.65 percentage points and a year-on-year decrease of 10.79 percentage points.

To sum up: the cumulative stock range of domestic exchanges and social Treasury after the festival is greater than expected, and the explicit inventory is at a historical low. Domestic steady growth is still expected, and the downstream is gradually returning. The supply is tight and the inventory is low. With the resumption of work after the festival, the demand increases. The situation in Russia and Ukraine this week affected the market sentiment and affected the operation of copper prices, but the price remained in a relatively small range after falling last week, with support below. It is expected that the short-term pattern will still be dominated by shock.

1、 Trend analysis

According to the nickel price monitoring of business society, spot nickel fell slightly on the 17th. The spot price of nickel was reported at 176433.33 yuan / ton, down 0.01% from the previous trading day and up 14.29% from the beginning of the year.

The US dollar fell and the overnight nickel closed up 0.34%. The situation in Ukraine eased slightly, turning the market focus to the shortage of energy supply, driving the trend of overnight base metals to continue to rise. The shortage of global nickel supply led to the continuous decline of inventory, but with the production and landing of high matte nickel projects, the high superposition price made the downstream performance wait-and-see, and the upward trend of nickel was blocked. It is expected that the nickel price will maintain the shock trend in the short term.

On the 16th, the domestic ethyl acetate Market showed a downturn, and the price generally fell, with a range of about 100 yuan. The auction of acetic acid, the main factory in Shandong, was stopped, and the prices of most large factories in East China were reduced, resulting in heavy negative market sentiment. Superimposed upstream acetic acid continued to decline, dragging down the ethyl acetate Market. However, the downstream construction started to recover gradually, and the transaction of ethyl acetate performed well. The mainstream transaction price in the market is in the range of 8100-8400 yuan / ton.

Future forecast: the business community believes that the domestic ethyl acetate Market will continue to be weak in the short term, pay attention to the trend of raw material acetic acid and wait and see carefully.

Trade name: acrylic acid

Latest price (February 15): 15966.67 yuan / ton

On February 15, the market of acrylic acid in East China was temporarily stable, flat compared with the previous trading day, and increased by 17.11% compared with the price on January 15. At present, the market price of raw propylene is high, the cost support still exists, the downstream construction starts to pick up, the market supply and demand is balanced, and the focus of negotiation is temporarily stable.

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

Trade name: lithium hydroxide

Latest price (February 14): 321666.66 yuan / ton

On February 14, the market price of industrial grade lithium hydroxide rose, up 10.29% compared with last Friday and 19.88% compared with January 14. At present, the upstream lithium carbonate market continues to rise, and the cost has increased significantly. Some manufacturers may overhaul in late February, and the supply side is expected to reduce. In addition, the demand side is positive, and the market is running firmly.

It is expected that the lithium hydroxide market may rise in the short term.

According to the bulk list data of business society, as of February 11, the average quotation price of acrylic acid in East China was 15733.33 yuan / ton, an increase of 7.27% compared with Monday, 15.69% compared with January 11, and a year-on-year decrease of 10.44% in a three-month cycle.

Acrylic acid market rose this week. Recently, the market of raw material propylene is relatively strong, the cost support is strong, the market spot supply is tight, the downstream enterprises have resumed work one after another, the market inquiry is positive, the atmosphere is good, and the focus of negotiation is steadily upward.

Upstream propylene, according to the data monitoring of business society, the reference price of propylene was 8310.60 on February 10, up 7.22% compared with February 1 (7750.80).

Acrylic acid analysts of business society believe that at present, the price of raw propylene is high, the cost side has certain support, the supply side is tight, and the demand side is gradually increasing. It is expected that the acrylic acid market will be dominated by strong operation in the short term, and more attention should be paid to the guidance of market news.

Trade name: titanium dioxide

Latest price February 10: 20800 yuan / ton

Key points of analysis: on February 10, the market price of titanium dioxide in China was basically stable. At present, the export orders are performing well, the inventory is low, the trading situation in the domestic market is OK, and the traders are more cautious in taking goods and mainly purchase on demand. The price of raw materials is high, and the transaction of new orders is general, mostly focusing on the delivery of early orders. The actual transaction price is subject to single negotiation.

It is expected that the titanium dioxide market will run steadily and well in the short term.