Author Archives: lubon

PMMA market supply and demand balance this week

According to the data monitored by the business community, as of May 7, the average price of PMMA of domestic general transparent superior products was 16625.00 yuan / ton this week, and the price remained stable. Compared with the same period last week, the quotation range of mainstream manufacturers remained about 16500 yuan / ton, the price of PMMA remained stable, the focus of negotiation was stable, the price range of this week was small, and the overall market supply and demand was balanced.

 

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This week, the average price of domestic general transparent superior PMMA was 16625.00 yuan / ton, and the quotation range of mainstream manufacturers remained about 16500 yuan / ton. Compared with the same period last week, there was no significant change in the price. The price of PMMA was mainly stable, the overall supply and demand was balanced, the purchase was just needed, the focus of negotiation was stable, and the supply and demand was normal.

 

Rubber and plastic index: on May 6, the rubber and plastic index was 792 points, unchanged from yesterday, 25.28% lower than the highest point 1060 points in the cycle (2012-03-14), and 50.00% higher than the lowest point 528 points on April 6, 2020. (Note: the period refers to the period from December 1, 2011 to now).

 

PMMA analysts of business agency believe that the PMMA market is expected to maintain stable operation in the short term and the overall market supply and demand is balanced. (if you want to get more commodity information and master commodity prices, you are welcome to subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

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On May 6, the price of cryolite decreased slightly

Trade name: cryolite

 

Latest price (May 6): 7525 yuan / ton

 

Key points of analysis: the cryolite market is down today, and the average production price in Henan is down 1.63% from the previous working day. Affected by public health incidents, the logistics transportation is not smooth, the on-site freight is high, the manufacturers have difficulties in shipping, and the downstream purchase is limited. Individual enterprises have slightly reduced their quotation according to their own shipping clearance. At present, cryolite manufacturers have great pressure on production costs, lower enterprise operating rate and less inventory. Enterprises reflect the stability and improvement of downstream demand, and the wait-and-see mentality of operators.

 

Future forecast: the short-term cryolite market will be sorted out and wait-and-see, and pay attention to the market supply.

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On May 5, the price of TDI in East China decreased

Trade name: TDI

 

Latest price (May 5): 17550 yuan / ton

 

Key points of analysis: today, the average price of TDI market in East China decreased by 1.27% compared with the previous working day, and the market is weak. Affected by public health events, logistics and transportation are blocked, downstream demand purchase is limited, terminal industry is depressed, market trading is weak, suppliers store and repair plans for multiple sets of TDI devices, market supply is tight, and from the perspective of supply and demand performance, the market situation is mainly stalemate. At present, the quotation range of dealers in East China is about 16700-17000 yuan / ton for domestic goods and about 17200-17500 yuan / ton for Shanghai goods.

 

Future forecast: wait and see the TDI market in the later stage, and pay attention to the market supply and downstream follow-up.

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In April, the price of sodium pyrosulfite continued to rise

Price trend of domestic sodium pyrosulfite

 

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According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to rise in April. The average price of industrial grade sodium pyrosulfite was 2700.00 yuan / ton on April 1 and 2816.67 yuan / ton on April 29, an increase of 4.32% in the month.

 

Supported by the continuous rise in the price of upstream raw materials, in April, domestic sodium pyrosulfite manufacturers successively raised the ex factory price, driving the domestic sodium pyrosulfite market price to continue to rise.

 

In April, the price of domestic soda ash rose by 3.86%, the price of sulfur rose by 5.91%, and the price of raw materials continued to rise. In the future, the market price of domestic sodium pyrosulfite will be strongly supported.

 

Future forecast

 

Business analysts believe that under the dual support of cost and demand, it is expected that the domestic sodium metabisulfite market price will continue to be strong in May.

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In April, the domestic urea price rose by 2.80%

It can be seen from the above figure that the mainstream ex factory price of urea increased slightly this month: the price increased from 2963.00 yuan / ton at the beginning of the month to 3046.00 yuan / ton at the end of the month, an increase of 2.80%, an increase of 40.37% year-on-year compared with the same period last year, and there is still an upward trend at the end of the month.

 

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On April 29, the urea commodity index was 141.67, up 0.37 points from yesterday, down 2.01% from the highest point of 144.57 points in the cycle (2021-10-26), and up 154.80% from the lowest point of 55.60 points on August 17, 2016. (Note: the period refers to the period from September 1, 2011 to now)

 

In April, the price of urea rose slightly, with the highest increase of 0.75% in a single week. From the manufacturer’s quotation, the mainstream ex factory price of urea in Shandong increased slightly this month:

 

The upstream support is good, the downstream demand is enhanced, and the urea price rises

 

From the upstream and downstream industrial chain data, the upstream products of urea rose slightly as a whole this month: the price of liquefied natural gas fell first and then rose. The price fell from 7374.00 yuan / ton at the beginning of the month to 7208.00 yuan / ton at the end of the month, a decrease of 2.25%, and a year-on-year increase of 135.81% compared with the same period last year.

 

The price of liquid ammonia rose slightly, from 4936.67 yuan / ton at the beginning of the month to 5066.67 yuan / ton at the end of the month, up 2.63%, up 30.25% year-on-year compared with the same period last year. The price of melamine in the downstream of urea fell broadly this month, from 11933.33 yuan / ton at the beginning of the month to 10166.67 yuan / ton at the end of the month, a decrease of 14.80%.

 

From the perspective of demand: the agricultural demand in the South started and the industrial demand in the North increased. From the perspective of supply: some manufacturers started maintenance in May, and the supply decreased. There is a small volume at the exit. India issued a new round of non quantitative urea bidding. Various factors continue to drive up the price of urea. The policy of ensuring supply and price stability remains unchanged.

 

The demand for urea increased slightly in the upstream and strengthened in the downstream

 

The urea market may rise slightly in the middle and early ten days of May, dominated by consolidation. Urea analysts of business society believe that the upstream cost of urea has been well supported recently, the downstream demand has increased, the urea supply has declined, the supply of chemical fertilizer is mainly guaranteed and the price is stable, and the urea rises slightly in the future.

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