According to the data monitoring of the Business News Agency, the polyaluminum chloride commodity index on February 28 was 104.05, which was the same as yesterday, down 27.05% from the highest point of 142.64 (2021-11-01) in the cycle, and up 23.40% from the lowest point of 84.32 on August 18, 2020. (Note: the period refers to April 1, 2019 to now)

Spot: According to the monitoring data of the business agency, the market price of solid (industrial grade, content ≥ 28%) polyaluminum chloride in China fell sharply in February, with a monthly decline of about 2.22%: the market price was 1968.75 yuan/ton on the 1st and 1925 yuan/ton on the 28th. At present, the water treatment enterprises in China’s main production areas have sufficient inventory, the demand for downstream purchase orders is weak, and the domestic polyaluminum chloride support is insufficient, and the market price is mainly downward.

Raw hydrochloric acid: According to the monitoring data of the Business Agency, the domestic market price of hydrochloric acid rose slightly this month. The price of hydrochloric acid rose from 154.00 yuan/ton on February 1 to 166.00 yuan/ton on February 28, up 7.79%. The price at the end of the month fell 37.59% year-on-year. In general, the domestic hydrochloric acid market rose slightly this month, the upstream liquid chlorine market rose sharply, the cost support was good, and the purchasing enthusiasm of downstream ammonium chloride and polyaluminum chloride was general. According to the analysis, the recent market of hydrochloric acid may rise slightly.

Liquefied natural gas for production. According to the data of the Business News Agency, the domestic liquefied natural gas (LNG) fell first and then rose in February: from 6060 yuan/ton on February 1 to 6082 yuan/ton on February 28, with a monthly decrease of 0.13%; Among them, the highest price of the stage is 6090 yuan/ton at the beginning of the month, and the lowest price of the stage is 5724 yuan/ton on the 10th or so, with the monthly maximum amplitude of 6.01%. As the weather warms, demand decreases, market support weakens, and the market is temporarily negative, it is expected that the domestic LNG price will continue to decline in the short term.

Aftermarket forecast: the raw material market is stable and slightly upward, but due to the continued weakness of downstream demand and the sufficient inventory of manufacturers from the year before, the supply is more than the demand is less, and the market support is unfavorable. It is expected that the market of polyaluminum chloride will continue to be weak in the near future.

Overview of trend of magnesium metal in February

In February, the daily average price of domestic magnesium ingots fluctuated between 21200-22000 yuan/ton, and the average price in the cycle was 21753.09 yuan/ton, with a rise and fall of -2.88%. In the first half of the month, the demand recovered slowly and the price of raw material coke declined, while the price of magnesium gradually declined. The price of magnesium ingots fell to around 21100-21300 yuan/ton due to the downward quotation of magnesium manufacturers and the strong competitive atmosphere of manufacturers. In the later part of the month, the price of magnesium fluctuated. Due to the safety time of coal mines in Inner Mongolia, the price of raw coal and blue charcoal rose, and the price of some factories increased. At the end of the month, it is not ruled out that some magnesium factories need to return money due to the squeeze of supply, which will have a certain impact on the price.

According to the price monitoring of the Business Agency, as of February 27, the spot exchange of magnesium ingot market including tax was 21366.67 yuan/ton, down about 700 yuan/ton from the beginning of the month, down 2.88%, down 53.55% from last year.

Ferrosilicon fell 4.41% in February

On the 27th, the average market price in Ningxia was 7804.29 yuan/ton. The ferrosilicon market continued to decline in February, and the whole market has been in a downturn. In the early stage, due to the decline in the futures market and the reduction in the price of raw materials, the spot market of ferrosilicon continued to decline under the conditions of many adverse factors. However, in the afternoon of the 22nd, a sudden collapse accident occurred in the Alashan open-pit coal mine in Inner Mongolia. The price of lump coal in the affected areas accelerated and the price of blue charcoal also increased accordingly. This has supported the cost of magnesium ingots, and the market sentiment has also improved.

On the 27th, the mainstream price of small and medium-sized materials in Shenmu market was 1250-1550 yuan/ton, and the coke surface was 900-1250 yuan/ton; The mainstream price of small and medium-sized materials in Fugu market is 1220-1600 yuan/ton, and the coke surface is 940-1300 yuan/ton.

Aftermarket forecast

In general, the price center of magnesium ingot moved down in February, and the price of coal and blue coke moved up when affected by emergencies, but the downstream demand did not break through substantially and the price support of ferrosilicon for personal leave was insufficient. It is expected that the magnesium ingot market will operate in a weak and stable manner in the short term,

According to the monitoring data of Business News Agency, as of February 24, 2023, the reference price of n-butanol in Shandong Province was 7233 yuan/ton. Compared with February 1 (the reference price of n-butanol was 8000 yuan/ton), the price decreased by 767 yuan/ton, or 9.58%.

It can be seen from the data monitoring chart of the Business Agency that since February (2.01-2.24), the domestic n-butanol market in Shandong Province has been in a weak trend as a whole. In the first ten days of February, the downstream demand of n-butanol was insufficient, the transmission of supply and demand was slow, the inventory of n-butanol continued to accumulate, the pressure of the manufacturer on shipment increased, and the focus of n-butanol market continued to decline. On February 13, the market price of n-butanol in Shandong Province was around 7200-7300 yuan/ton.

Then in late February, the downstream demand of n-butanol improved slightly, and the market of n-butanol experienced a slight recovery under the demand increase. However, after the completion of the downstream replenishment, the market demand returned to cold, and the market of n-butanol fell again. As of February 24, the domestic market price of n-butanol in Shandong Province was around 7100-7300 yuan/ton, with a decline of more than 9% compared with the beginning of the month.

Aftermarket analysis of n-butanol

At present, the trading atmosphere of n-butanol on the market is light, the operators are in a general mood, and the downstream demand needs time to gradually improve. The n-butanol statistician of the business agency believes that in the short term, the domestic n-butanol market in Shandong Province is mainly subject to narrow adjustment and operation, and the specific trend needs to pay more attention to the specific news changes on the supply and demand side.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume of goods in the domestic market, as an example. According to the monitoring of bulk commodity data, the market price of titanium dioxide was basically stable this week. The average price of domestic titanium dioxide is 16183.33 yuan/ton.

2、 Market analysis

This week, the domestic titanium dioxide market was at a high level. On the whole, the export market recovered well, and some enterprises increased their new export orders. The domestic market trading and investment situation is fair. Traders are more cautious in taking goods, more wait-and-see, more downstream purchases as required, and the price remains stable. Up to now, most domestic rutile titanium dioxide quotations are between 15000-18000 yuan/ton; The quotation of anatase titanium dioxide is about 14000-14500 yuan/ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region was high this week. At present, the spot supply in the market is tight, and the downstream titanium dioxide enterprises mainly purchase on demand. At present, the titanium ore market is more wait-and-see, and the manufacturers send more early orders, and the market price is stable and upward. Up to now, the tax-free quotation of 38-42 grade titanium concentrate is about 1480-1500 yuan/ton, the tax-free quotation of 46 grade 10 titanium concentrate is about 2150-2240 yuan/ton, and the quotation of 47 grade 20 titanium concentrate is about 2300-2400 yuan/ton. In the short term, the market price of titanium concentrate is stable and upward, and the actual transaction price is single.

In terms of sulfuric acid, the price of domestic sulfuric acid market rose. The price of sulphuric acid increased from 235 yuan/ton last Thursday to 243.33 yuan/ton this Thursday, with an increase of 3.54%. From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has risen slightly recently, with good cost support. The market of hydrofluoric acid and ammonium sulfate in the downstream market is low and the market of titanium dioxide is high. The enthusiasm of downstream customers to purchase sulfuric acid is general, and the product trend is upward under the contradiction of supply and demand.

3、 Aftermarket forecast

According to the titanium dioxide analyst of the Business Agency, the market price of sulfuric acid is rising, and the price of titanium concentrate in Panxi region is high. The cost support of titanium dioxide is strong, and the demand of domestic titanium dioxide market is moderate at present. It is expected that titanium dioxide will continue to operate at a high level in the short term, and the actual transaction price will be negotiated.

Trade name: sulfur

Latest price: the average price of sulfur in East China was 1113.33 yuan/ton on February 21, down 3.47% from 1153.33 yuan/ton on the previous working day.

Analysis: the sulfur refinery operates normally, the market supply is stable, the downstream demand performance is weak, the enthusiasm for purchasing in the market is general, the intra-field trading is weak, the enterprise quotation is reduced to stimulate shipment, and the focus of the sulfur market is weak and downward.

Future market forecast: at present, the market supply exceeds demand, the downstream terminal performance is flat, the demand is not good for the time being, the market negotiation atmosphere is weak, and the short-term sulfur market is expected to consolidate at a low level. Pay attention to the downstream follow-up.