1、 Price trend: The PTFE market has maintained stable operation this week. According to the monitoring system of Business Society, as of May 24th, The market price of PTFE suspended particles remains around 35000-50000 yuan/ton.

2、 Influencing factors: On May 24th, the price trend of domestic hydrofluoric acid market remained stable, with stable operation of on-site equipment and normal supply of goods. Recently, the market for anhydrous hydrofluoric acid has risen, and the price of fluorite has continued to rise. The high cost side remains under pressure. As of May 24th, the benchmark price of hydrofluoric acid (export) for Shengyishe was 14150.00 yuan/ton, an increase of 2.54% compared to the beginning of this month (13800.00 yuan/ton). The benchmark price of Yingyishe fluorite is 3806.25 yuan/ton, an increase of 3.57% compared to the beginning of this month (3675.00 yuan/ton).

Downstream end: There is no favorable phenomenon in the downstream market, and there is insufficient purchasing sentiment, with on-demand procurement being the main focus. At present, the polytetrafluoroethylene market is in a sustained downturn.

3、 Future Market Forecast

The polytetrafluoroethylene analyst from Business Society believes that in the short term, the high prices of raw materials will support, downstream demand will be weak and continue to be sluggish, and the polytetrafluoroethylene market will operate weakly and steadily.

This week (5.20-5.24), the domestic butyl acetate market continued to operate weakly, mainly affected by demand and cost factors. Downstream purchasing was sluggish, with a bearish outlook on the future market. Upstream raw materials such as n-butanol and acetic acid were weak, and the confidence of butyl acetate manufacturers was insufficient. The performance of the butyl acetate market this week was quiet, with limited new orders and trading prices remaining at the level of last weekend. According to the commodity market analysis system of Business Society, the fluctuation of butyl acetate during the cycle is 0.

Market analysis: The prices of major butyl acetate manufacturers have fluctuated this week, with an upward range of 50-100 yuan/ton and a downward range of around 50 yuan/ton. The price of raw material acetic acid continues to decline, while the market for n-butanol is weak. The cost side market has affected the market mentality, resulting in insufficient downstream buying gas and limited new orders in the market. Manufacturers often ship according to demand, resulting in weak actual transactions. However, the operating rate of the butyl acetate industry remains low, and the price increase from manufacturers also has a boosting effect. Limited supply also supports prices. During the cycle, the market for butyl acetate will be observed, organized, and operated.

Market forecast: Currently, the trading in the butyl acetate market is slightly chaotic, with insufficient cost support. The downstream market is mainly bearish, and it is expected that the ethyl acetate market will remain stagnant and consolidate in the short term. In the future, attention will be paid to the price execution of raw materials such as acetic acid, n-butanol, and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 7600-7880 yuan/ton.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of May 23, the reference average price of 85% thermal phosphoric acid in China was 6620 yuan/ton, which is 0.70% higher than the reference average price of 6670 yuan/ton on May 17.

2、 Market analysis

The domestic phosphoric acid market prices have slightly increased this week. This week, raw material prices have remained high, with support from the cost side. Downstream procurement is mainly based on demand, with limited new orders in the market. The price of hot process phosphoric acid has remained stable and increased, while the market for wet process phosphoric acid has remained stable with minor fluctuations. As of May 23rd, the market price for 85% thermal phosphoric acid in Hubei region is around 6600-6900 yuan/ton. The domestic market quotation for 85% wet process phosphoric acid is around 6300-7000 yuan/ton.

Market for raw material phosphate rock. The market price of phosphate ore is temporarily stable this week. The reference average price of 30% grade phosphate ore in China is around 1048 yuan/ton. The inquiry atmosphere inside the phosphate ore field is mild, and the pace of phosphate ore shipments in some areas is clear, with a good mentality among the operators. In the short term, the domestic phosphate ore market is mainly stable with minor adjustments.

In terms of raw material yellow phosphorus. This week, the price of yellow phosphorus in the market fluctuated. At present, the trading situation in the yellow phosphorus market is still good, with manufacturers mainly issuing early orders and tight spot prices. Yellow phosphorus enterprises are mainly raising prices. The downstream inquiry situation is relatively positive, with high-end prices lowered and low-end prices adjusted. The overall procurement is still relatively cautious, and the upstream and downstream continue to remain deadlocked. As of now, the market quotation for yellow phosphorus is around 22500-23000 yuan/ton, and the actual transaction is negotiable.

3、 Future Market Forecast

Business Society’s phosphoric acid analyst believes that the phosphoric acid market has been consolidating and operating recently. The raw material market remains strong in the short term, and market demand needs to be improved. The industry is mainly cautious. It is expected that the short-term price consolidation in the phosphoric acid market will be the main trend.

Aluminum prices are rising

Aluminum prices rose on May 22nd. According to the Commodity Market Analysis System of Business Society, the average price of domestic aluminum ingots in the East China market on May 17, 2024 was 21156.67 yuan/ton, a daily increase of 1.89%, up 3% from the market average price of 20540 yuan/ton at the beginning of the month (May 1).

Rising prices of raw alumina

Affected by the news that Rio Tinto Group has announced that its Australian Yarwun smelters and Queensland Alumina Limited have experienced force majeure in alumina shipments, with prices skyrocketing due to shortages in natural gas inventory/supply for power generation, domestic raw material alumina prices have remained strong.

The rapid increase in alumina prices has provided strong cost support for aluminum ingot prices.

Aluminum prices tend to fluctuate strongly in the future market

At present, there is not much explicit inventory of aluminum ingots in China, and the post holiday inventory situation is better than market expectations. There is expected to be an increase in supply, but due to the relatively high domestic aluminum prices and the closure of the import window, The surge in LME inventory has little impact on the domestic market. The inventory of aluminum ingots and rods in mainstream consumer areas has been slightly depleted, with good consumption expectations and a relatively balanced supply and demand in the short term; The cost side has recently received strong support, and the demand side is expected to improve. In the short term, it is expected that the market will experience strong fluctuations and operations.

The domestic MTBE market has experienced a narrow decline. From May 13th to 21st, the price of MTBE dropped from 6975 yuan/ton to 6825 yuan/ton, with a price drop of 2.15% during the cycle, a month on month decrease of 9.75%, and a year-on-year decrease of 9.00%. The domestic MTBE market continues to be weak and the decline has intensified. The international crude oil trend is weak, and the downstream gasoline market demand is not good. Operators are more resistant to high priced gasoline raw materials, and MTBE factory shipments are hindered. At the same time, with the resumption of work of some heterogeneous units due to shutdown, MTBE resource supply continues to increase. Under the imbalance of supply and demand, the decline of MTBE is more obvious.

On the cost side, international crude oil: The overall narrow decline in international oil prices is mainly due to the positive progress in the ceasefire negotiations between Palestine and Israel, the easing of geopolitical tensions, and the still bearish outlook for global demand. As of May 10th, the settlement price of Brent crude oil futures main contract was $82.79 per barrel, a decrease of $1.09 or 1.3%.

On the demand side, international crude oil prices have fluctuated downward, and the market for refined oil products is weak and difficult to improve. The main reason is that the current performance of terminal demand is insufficient, social unit inventory needs to be further digested, downstream users purchase on demand, and market transactions are mainly small orders. Short term MTBE demand is influenced by bearish factors.

Supply side: The overall output has decreased. Next week, there may be an increase in production. Short term domestic MTBE supply is affected by bearish factors.

As of the close on May 20th, the closing price of the Asian MTBE market has increased by $10/ton compared to the previous trading day, with FOB Singapore closing at $895.99-897.99/ton. The closing price of the European MTBE market decreased by $2.25 per ton compared to the previous trading day, while the FOB ARA closed at $993.74-994.24 per ton. The closing price of the US MTBE market has decreased by $12.17 per ton compared to the previous trading day, while the FOB Gulf offshore price closed at $965.56-965.91 per ton (271.99-272.09 cents per gallon).

According to future predictions, the overall operating rate of the equipment is currently high, and the situation of abundant domestic resource supply continues. The expectation for a new round of retail price restrictions on gasoline has been lowered, and there is currently no holiday travel to boost demand for MTBE. Business Society MTBE analysts believe that the domestic MTBE market may continue to be weak in the short term.