Price trend:

Recently (5.6-5.11), according to the Commodity Analysis System of Business Society, the market average price of anhydrous calcium chloride with a 94% content was 1325 yuan/ton, which is unchanged from last week. The mainstream factory quotation in the market has not changed. The price for anhydrous calcium chloride in the Central China market is 1500-2200 yuan/ton, the price for anhydrous calcium chloride in the South China market is 1250 yuan/ton, and the price for anhydrous calcium chloride in the East China market is 1200-1450 yuan/ton.

Supply side:

Recent price trend of hydrochloric acid: According to the commodity analysis system of Business Society, the overall price of hydrochloric acid in China (4.1-5.11) has increased, mainly due to some manufacturers raising factory prices. Especially for Shandong Dongming Petrochemical, the price increase on that day reached 50 yuan/ton. At present, the downstream market for hydrochloric acid is weak, making it difficult to support high prices. The raw material hydrochloric acid market may experience an increase that is difficult to sustain, and it will shift to mainly fluctuating in the later stage.

On the demand side:

There has also been no significant increase or decrease in demand, so market prices have not been greatly impacted. In addition, market participants may also be watching and waiting for new market signals or changes. In this situation, the price of calcium chloride may continue to maintain its current stable trend or experience slight fluctuations.

Overall

On the supply side, although the overall operating rate remains high, inventory is gradually accumulating due to poor shipping performance; At the same time, the weak demand in the downstream market has led to a slow pace of shipments and significant sales pressure; It is expected that prices will stabilize slightly in the near future. Overall, the current price of calcium chloride is weak and stagnant, and market sentiment is calm. However, there is still uncertainty about the future price trend.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of May 10th, the average price of refrigerant R22 was 24666.67 yuan/ton, a decrease of 0.67% from the beginning of the month price of 24833.33 yuan/ton, and an increase of 20.33% compared to the same period last year

According to the Commodity Market Analysis System of Business Society, as of May 10th, the average price of refrigerant R134a was 31100.00 yuan/ton, an increase of 0.32% from the beginning of the month’s price of 31000.00 yuan/ton, and an increase of 22.76% from the same period last year.

2、 Market analysis

Entering May, the overall price of trichloromethane in China remained stable, while the price of hydrofluoric acid slightly rebounded, rising by 0.69% during the week. The slight increase in raw material costs further supported the domestic refrigerant prices. Some enterprises slightly lowered the factory price of R22 to stimulate shipments, driving the domestic R22 market price to fluctuate slightly. Overall, the overall domestic R22 market price is still operating at a high level.

Entering May, the domestic price of trichloroethylene slightly rebounded, rising by 0.31% during the week. The price of hydrofluoric acid continued to rise, rising by 0.69% during the week. The overall raw material cost continued to rise, while the downstream demand for refrigerants remained unchanged. Supported by cost and demand, the domestic R134a price fluctuated strongly this week.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, supported by costs and demand, it is expected that domestic R22 and R134a prices will continue to remain high and strong in the short term.

After the holiday, domestic cobalt prices stopped falling and stabilized

According to the cobalt market analysis system of the Business Society, the cobalt price on May 9th was 211300 yuan/ton, which decreased and then increased compared to the cobalt price of 213100 yuan/ton on May 1st, with an overall slight decrease of 0.84%. Cost support still exists, and demand support is limited. Cobalt prices have stopped falling and stabilized.

Demand support still exists

During the traditional peak season of “Golden Three Silver Four”, the production and sales of new energy vehicles have rebounded, driving an increase in demand for ternary materials and stimulating demand in the cobalt market. The demand support for cobalt in the 3C electronic product field is relatively weak, and the market demand performance is weak. In the field of high-temperature alloys, downstream procurement attitudes have shifted from cautious to positive. The demand support in the cobalt market still exists, and the downward pressure on cobalt prices has weakened.

MB cobalt alloy grade cobalt stops falling and rebounds

According to the trend chart of MB cobalt prices, it can be seen that in May, MB cobalt prices fluctuated and fell, standard grade cobalt prices slightly declined, and alloy grade cobalt rebounded and rose. The international cobalt price has risen, providing some upward support for the domestic cobalt market.

Overview and Outlook

Business Society data analysts believe that cost support is limited and demand support still exists; In the international market, the rebound of international cobalt prices has provided some support for the domestic cobalt market. It is expected that cobalt prices will stop falling and stabilize in the future.

According to the commodity market analysis system of Business Society, the formaldehyde market in Shandong has recently risen. At the beginning of the week, the average price of formaldehyde in Shandong was 1212.50 yuan/ton, and on the weekend, the average price of formaldehyde in Shandong was 1240.00 yuan/ton, an increase of 2.27%. The current price has increased by 4.49% year-on-year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and risen. From the above chart, it can be seen that the formaldehyde market has mainly fluctuated slightly in the past two months, and this week’s market has risen. As of May 8th, the mainstream market price in Shandong region is 1220-1360 yuan/ton. This week, the price of raw material methanol has risen significantly, with strong cost support. Downstream demand for essential purchases has been maintained, and the market for formaldehyde manufacturers has mainly followed the rise of methanol.

Upstream methanol situation: The domestic methanol market is mainly experiencing a narrow upward trend. In recent times, there has been little contradiction in the fundamentals of methanol. The inventory of mainland sample enterprises is relatively low, and there is not much pressure on their shipments. In addition, some enterprises are outsourcing, resulting in a relatively high market atmosphere. The overall market is mainly strong. Downstream MTBE: After Yuhuang starts construction, it will affect next week’s production, leading to an increase in MTBE demand; Downstream chloride: After the shutdown and maintenance of mainstream factories in Shandong, the equipment returned to normal, and the demand for chloride increased; In the short term, the domestic methanol market is mainly weak and consolidating.

Recently, the price of raw material methanol has continued to rise, followed by a slight pullback. There are relatively few new orders in the downstream board market, and terminal demand is poor. Therefore, formaldehyde analysts from the Chemical Branch of Shengyishe predict that the price of formaldehyde in Shandong will mainly decline slightly in the near future.

According to the market analysis system of Business Society, as of May 7th, the price of chloroacetic acid was 3139 yuan/ton, a decrease of 2.29% compared to April 30th at 3212 yuan/ton.

Raw material end:

In early May, the raw material acetic acid maintained a pre holiday fluctuation trend. With the restart of shutdown facilities in early April, the supply of acetic acid in the market gradually recovered. Downstream demand for goods was not strong, and prices continued to decline, weakening support for chloroacetic acid.

In terms of raw material liquid chlorine: Some units of chlor alkali enterprises in the main production area have maintenance plans in May, and the decrease in liquid chlorine production may provide support for chloroacetic acid.

On the demand side:

The traditional cotton textile peak season is coming to an end, and downstream demand has not improved. The price of indigo dye, a downstream product of chloroacetic acid, has not fluctuated significantly and remains stable at around 45000 yuan/ton.

Future Market Forecast:

Supply and demand are weak, and it is expected that the price of chloroacetic acid will fluctuate weakly.