I. Price Trend Chart of Sodium Pyrosulfite in China

According to the monitoring of business associations, the price of domestic sodium pyrosulfite in May was on the bottom slightly weaker. The average price of industrial grade sodium pyrosulfite on May 1 was 1983.33 yuan/ton, and on May 31 was 1966.67 yuan/ton, with a slight drop of 0.84%.

II. Market Analysis

Products: In May, the domestic market demand for pyrosulfite has not improved. The domestic market price of industrial sodium pyrosulfite is mostly between 1800-2000 yuan/ton, and most of the prices are around 1950 yuan/ton. Influenced by the traditional off-season, the domestic sodium pyrosulfite market in May is still light, enterprises are still mainly completing old orders. Meanwhile, the declining raw material cost also suppresses the market price of sodium pyrosulfite in May. The factory price in some areas has been lowered again slightly, which drives the domestic market price of sodium pyrosulfite to continue to operate slightly weakly at the bottom in May.

Industry chain: As of May 30, the price of soda ash in upstream of sodium pyrosulfite fell 1.18% in a single month, the price of sulphur fell 5.9% in a single month, the price of caprolactam in downstream fell 9.8%, and the price of sodium pyrosulfite fell 0.84% in a small way. The price of upstream and downstream products declined along the whole line, the processing cost continued to be suppressed, the wait-and-and-see attitude of trade entities remained unchanged, and the price of sodium pyrosulfite rose and

3. Future Market Forecast

Business analysts believe that the price of upstream and downstream products continues to be weak, the trade body has a strong wait-and-see attitude, and under the double pressure of cost and demand, it will still take some time for domestic sodium pyrosulfite market prices to bottom up.

On May 29, the phthalic anhydride commodity index was 60.02, unchanged from yesterday, down 50.04% from the peak of 120.13 points in the cycle (2012-02-28), up 23.96% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has maintained a low level, the market of phthalic anhydride in eastern China has maintained a weak position, downstream factories have maintained just-needed procurement, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 6000-6200 yuan/ton, and the mainstream of naphthalene source negotiations is 5700-5800 yuan/ton; the mainstream price of phthalic anhydride market in North China is 6000-6200 yuan/ton, and the market is The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, has dropped to 6200 yuan/ton, and the actual market transaction price is 6200 yuan/ton. The quotation has declined, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is low, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend is declining, and the market price of phthalic anhydride remains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP market mainstream transaction price is about 7300 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, phthalic anhydride market price is slightly lower, it is expected that the later market price of phthalic anhydride will be around 6000 yuan/ton.

On May 27, the fluorite commodity index was 103.73, unchanged from yesterday, down 18.64% from the peak of 127.49 points in the cycle (2019-01-03), and up 110.79% 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 is temporarily stable, the average domestic fluorite price is 2956.25 yuan/ton as of 28 days. Recently, the domestic fluorite plant started normally, the mine and flotation plant started normally, the supply of fluorite in the field is slightly tight, the price of hydrofluoric acid in the downstream is rising recently. For the fluorite market, the price of fluorite market is rising on demand. Recent downstream installation start-up situation is general, fluorite spot supply is normal, terminal downstream pick-up situation improved, resulting in rising market price trend. As of the 28th, the price of 97 fluorite wet powder in Inner Mongolia was 2700-3000 yuan/ton, that in Fujian was 2800-3100 yuan/ton, that in Henan was 2700-3100 yuan/ton, and that in Jiangxi was 2800-3200 yuan/ton. The price of 97 fluorite wet powder rose.

The price trend of hydrofluoric acid Market in downstream fluorite is rising. As of 28 days, the domestic market price of hydrofluoric acid is 11390 yuan/ton. The price fluctuation of hydrofluoric acid market has a certain positive impact on the upstream fluorite market. However, the recent start-up of hydrofluoric acid plant is general, the demand for fluorite is weakening, and the price fluctuation of fluorite is running. Recent downstream refrigerant product installations started at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid product price trend is stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water factory offer price is 18500-19000 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery quotation is general. Domestic market price trend of R134a shocks, production enterprises equipment start-up rate remains low, refrigerant market demand is general, manufacturers mainly export. But the price of on-site transactions does not change much. Businessmen buy on demand. Generally speaking, the downstream industry is in a general market. In addition, the fluorite market supply is normal and the price of fluorite is rising. Chen Ling, an analyst of business associations, believes that the price of fluorite market may rise slightly.

On May 26, the phthalic anhydride commodity index was 60.99, unchanged from yesterday, down 49.23% from the cyclical peak of 120.13 points (2012-02-28), and up 25.96% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has maintained low, the market of phthalic anhydride and phthalic anhydride in eastern China has maintained a weak position, downstream factories have just needed to purchase, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbourhood source negotiations is 6100-6300 yuan/ton, and the mainstream of naphthalene source negotiations is 5800 yuan/ton; the mainstream price of phthalic anhydride market in northern China is 6100-6300 yuan/ton, and the The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6400 yuan/ton. The actual transaction price in the market is 6400 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is temporarily stable, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend declines, and the phthalic anhydride market price maintains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP mainstream transaction price is about 7450 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, the market price of phthalic anhydride is slightly lower, it is expected that the market price of phthalic anhydride in the later period will be about 6200 yuan/ton.

First, the price trend

This week (5.20-5.25) domestic 1# Tin ingot Market is lower, the domestic market average price at the beginning of the week in 144825 yuan/ton, the weekend in 143500 yuan/ton, down 0.91%. The Tin Commodity Index of May 24 was 73.10, down 0.25 points from yesterday, down 27.08% from 100.25 at the highest point in the cycle (2011-09-05), up 42.86 from its lowest point of 70.56% on December 09, 2015.

(Note: cycle refers to 2011-09-01 to date).

Second, the market trend analysis Domestic market: This week was affected by the low futures market, the domestic mainstream spot market prices are lower, as of Friday the mainstream offer than last week fell 1250 yuan/ton. Fell to 142500-144500 yuan/ton, a decrease of nearly 1%. Suffering from the overall metal market low impact, the market wait-and-see atmosphere is strong, the overall deal is general.

This week the spot sticker range remained generally stable, ordinary cloud paste water 800-1000 yuan/ton, small card sticker 1000 yuan/ton.

Nonferrous Industries: This week, as Sino-US trade relations escalated again, the United States decided to impose sanctions on Huawei companies, the dollar’s safe-haven value showed a strong trend, standing above the 98 mark, surging to nearly two years high 98.37, and then because the United States economic data performance is not as expected, the dollar high fell sharply below the 98 mark, non-ferrous

Third, the outlook of the aftermarket Next week’s economic data set, the dollar has begun to show a high retreat, or will be this week’s broken decline in non-ferrous metals to form a repair market, but facing the end of the month, from the financial pressure and risk aversion is still the market’s main control factors, alert and concerned about the short power of the futures market and the spot market shippers toss cash.