According to the analysis system of the commodity market of the Business Society, as of June 13th, the average price of PMMA, a general transparent and high-quality product in China, was 14625.00 yuan/ton. This week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream purchases were mainly for immediate needs.

This week, the domestic general transparent grade premium product PMMA has been operating smoothly, compared to the same period last week when prices remained stable. The purchasing atmosphere is cold, and downstream demand is average. Currently, the quotation range of mainstream manufacturers is still around 14600 yuan/ton. The operating rate is stable, and the overall market supply and demand is balanced. Factories are offering discounts and taking orders, and downstream purchases are just needed.

Rubber and Plastic Index: On June 12, the rubber and plastic index stood at 643 points, unchanged from yesterday, a decrease of 39.34% from the cycle’s highest point of 1060 points (2012-03-14), and an increase of 21.78% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

PMMA analysts from Business Society believe that in the short term, PMMA will maintain stable operation and the range of price fluctuations is limited.

1、 Price trend

According to the commodity analysis system of the business agency, the price of Neopentyl glycol in the domestic market fell slightly this week. This week, the average price of Neopentyl glycol in the domestic mainstream market dropped from 10200.00 yuan/ton at the beginning of the week to 9800.00 yuan/ton at the end of the week, a decrease of 3.92%. Weekend prices fell 44.00% year-on-year. On June 11, the Neopentyl glycol commodity index was 47.23, unchanged from yesterday, down 54.42% from the cycle’s highest point of 103.61 (2021-09-22), and up 9.71% from the lowest point of 43.05 on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

The price of Neopentyl glycol in the mainstream market fell slightly this week.

From the perspective of Neopentyl glycol upstream raw material market, the domestic Isobutyraldehyde market price fell sharply this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market fell from 7166.67 yuan/ton at the beginning of the week to 6566.67 yuan/ton at the end of the week, a decrease of 8.37%. Weekend prices fell by 57.27% year-on-year. The price of upstream raw material market fell sharply, and the cost support was insufficient. Affected by the supply and demand, the price of Neopentyl glycol was negatively affected.

3、 Future prospects

The market trend of Neopentyl glycol in the middle and late June may fluctuate slightly. The upstream Isobutyraldehyde market declined sharply, and the cost support was insufficient. The downstream paint market is average, and the enthusiasm for downstream procurement is average. The Neopentyl glycol analysts of the business agency believe that the short-term Neopentyl glycol market is dominated by small fluctuations and declines in the market under the influence of supply and demand, raw materials and other aspects.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of June 9th, the average price of refrigerant R22 was 20500.00 yuan/ton, which is generally the same as the beginning of the month and an increase of 20.59% compared to the same period last year

According to the Commodity Market Analysis System of the Business Society, as of June 9th, the average price of refrigerant R134a was 25166.67 yuan/ton, which was unchanged from the beginning of the month and increased by 19.84% compared to the same period last year.

2、 Market analysis

In June, the price of upstream raw material trichloromethane was stable and weak, falling 4.4% in the month, and the price of hydrofluoric acid was weak, falling 0.29% slightly in the month. The cost of raw materials continued to be weak and adjusted. With the support of the peak demand season for refrigerants in summer, the quotation of enterprises continued to be stable this week.

In June, the price of upstream raw material Trichloroethylene was stable and weak on the whole, and the price of hydrofluoric acid was weak, with a slight drop of 0.29% in the month. The price of upstream raw material was stable and weak on the whole. Summer was the peak demand season for traditional refrigerants, and the manufacturers had a strong attitude of price support on the whole. The refrigerant price continued to move forward steadily this week.

In terms of raw materials, the domestic hydrofluoric acid prices continue to be weak, which will further suppress the domestic refrigerant market prices in the future.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, the cost of raw materials continues to be weak, and downstream demand is not strong during the peak season. In addition, the prices of domestic refrigerants R22 and R134a continue to operate at high levels, and downstream trading entities are cautious in purchasing and selling. Under the pressure of many negative factors, the prices of domestic refrigerants R22 and R134a will be under overall pressure in the short term.

According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1103.33 yuan/ton, while on the weekend, the average price of formaldehyde in Shandong was 1096.67 yuan/ton, a decrease of 0.60%. The current price has dropped by 13.65% compared to last year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and declined. From the above chart, it can be seen that the recent formaldehyde market has mainly experienced slight fluctuations, and the market has continued to decline this week. As of June 7th, the mainstream market price in Shandong region is 990-1200 yuan/ton. This week, the price of raw material methanol fell weakly, and the market trading sentiment was average. Formaldehyde manufacturers continued to lead the market downward in order to ship.

Upstream methanol situation: The domestic methanol market is weak and the support for methanol production costs is weakened. The Baofeng unit is recovering, the supply in mainland China is increasing, and the local formaldehyde load is decreasing, resulting in a decrease in methanol demand. As prices decline, traders and downstream sentiment weaken accordingly. The ex factory price of methanol in the southern region of Shandong is referenced to be around 2130 yuan/ton in cash exchange, while the delivery price in Linyi is referenced to be around 2150-2170 yuan/ton in cash exchange. The local methanol factory in central Shandong quoted a price of 2150-2190 yuan/ton for self delivery. The negotiated price range for methanol in the Dongying area of Shandong Province is 2080-2090 yuan/ton.

Recently, the methanol market has been weak and declining, with poor cost support. Downstream sheet factories have had poor resumption of work due to rainy weather. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that formaldehyde prices in Shandong will mainly fluctuate and fall in the near future.

Domestic cobalt prices rebound and rise

According to data monitoring from Business Society, as of June 6th, the cobalt price was 257500 yuan/ton, an increase of 0.78% compared to June 4th, when the cobalt price was 255500 yuan/ton; The cobalt price increased by 1.74% compared to 253100 yuan/ton at the end of last month and May 31st. The international cobalt price rebounded and rose, while the domestic cobalt market rebounded and the cobalt price fluctuated and rose.

International cobalt prices rebound and rise

From the trend chart of MB cobalt prices, it can be seen that in June, MB cobalt prices fluctuated and rose, while international cobalt prices rebounded and rose, while domestic cobalt manufacturers and traders followed suit.

Overview and outlook

Bai Jiaxin, a data analyst at Business Society, believes that the rebound in international cobalt prices is beneficial for the domestic cobalt market; Recently, the price of cobalt salt has fluctuated and increased, with the price of intermediate cobalt products rising, and the driving force for cobalt price increase has increased; In May, the sales of new energy vehicles rebounded, and the demand for lithium batteries and storage equipment rebounded, leading to an increase in demand in the cobalt market. Overall, the rise of the international cobalt market has stimulated a rebound in the domestic cobalt market, leading to an increase in demand. It is expected that cobalt prices will fluctuate and rise in the future.