On July 25, the price of acetic acid in East China was 3587.50 yuan / ton, down 0.69% from the previous working day. Last week, the acetic acid market fell weakly. On Monday, the domestic market waited to be sorted out, and the downstream demand was weak. The market entry purchase just needed to follow up. The trading atmosphere in the market was general, and the decline slowed down. Enterprises mainly gave up profits and sold goods. The supply and demand in the market were deadlocked, and the operators were cautious about entering the market. The short-term acetic acid market consolidation and operation, with specific attention to market transactions.

According to the monitoring data of business agency, the commodity index of polyaluminum chloride on July 22 was 116.42, down 1.35 points from yesterday, down 18.38% from the highest point of 142.64 points in the cycle (2021-11-01), and up 38.07% from the lowest point of 84.32 points on August 18, 2020. (Note: cycle refers to 2019-04-01 to now)

As shown in the figure, the monitoring data of the business agency showed that this week (July 18-22), the domestic market of polyaluminum chloride was volatile and reduced by 2.55%, and the mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminum chloride at the beginning of the week was 2210 yuan / ton, and the main quotation at the weekend was 2153.75 yuan / ton. Domestic manufacturers have normal production, sufficient spot inventory, insufficient cost support, weak demand, empty market mentality, and some manufacturers reduce prices to promote transactions.

Industrial chain: in terms of upstream raw materials, the monitoring data of hydrochloric acid: business agency showed that this week (July 18-23), the average market price of domestic hydrochloric acid fell from 226.67 yuan / ton to 196.67 yuan / ton, a decrease of 13.24%. Compared with the same period last year, it fell by 14.49% year-on-year. Judging from the manufacturer’s quotation, the domestic hydrochloric acid market price is temporarily stable this week. From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently fallen slightly, the cost support is general, the downstream market is short, and the enthusiasm for procurement has weakened. The analysis shows that hydrochloric acid has recently fallen slightly.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the average price of domestic liquefied natural gas was 5802 yuan / ton on July 18 and 6110 yuan / ton on July 22. This week, the bidding price of feed gas was raised, which gave favorable support to liquefied natural gas. The continuous rise of foreign gas has also driven the continuous rise of domestic liquefied natural gas. The willingness to replenish natural gas has increased under the mentality of buying up rather than buying down in the downstream. According to the analysis, the recent LNG market trend is concentrated higher, and the market is running better. In the case of good demand release, low-cost liquid plants may continue to raise prices, and it is expected that the price of liquefied natural gas will continue to dominate in the short term.

Future forecast: in the near future, the supporting force of raw material costs is weak, market confidence is insufficient, downstream demand continues to be light, and transactions are general. It is expected that the future polyaluminum chloride market will be stable and weak.

On July 21, the quotation range of 1# lead ingot in the domestic spot lead market was about 15100-15250 yuan / ton, with an average price of 15175 yuan / ton, up 150 yuan / ton from the previous trading day.

On the night of the 20th, the metal market closed up across the board. In recent days, the continued weakness of the US dollar index and the macro concerns about European natural gas supply boosted the stock market, and the metal market was boosted and rose across the board. Lun lead and Shanghai lead rose by more than 1%. In the morning of the 21st, Shanghai lead continued its nighttime trend and continued to rise. As of the close of the 21st, the main 2208 contract of Shanghai lead closed up 1.23%.

In terms of fundamentals, there has been little change in supply recently. Refineries have successively completed maintenance and resumed production, and the output has rebounded recently. In terms of primary lead, it has not been recovered due to power rationing in Anhui. In the downstream, boosted by the end of the seasonal off-season and the coming peak season, battery sales have improved to a certain extent, lead prices have declined in the early stage, and some downstream actively purchase. At present, the social inventory of lead ingots has declined as a whole. On the whole, the current macro performance of the lead ingot Market is acceptable. The demand in the downstream peak season is expected to increase, and the inventory is expected to decline, boosting the lead price. It is expected that the lead price will have some room to rise under the demand boost.

According to the monitoring data of business agency, the average price of domestic methanol in East China port market was 2430 yuan / ton on July 20, up 3.46% from the previous trading day. On July 20, the main contract of domestic methanol futures m2209 closed at 2435 yuan / ton in late trading, up 96 yuan / ton or 2.35% from the closing of the previous trading day. The oil price is relatively strong. Yankuang Guohong, the main manufacturer, plans to overhaul the device, which is expected to drive the methanol market on the supply side. The overall market mentality is firm and wait-and-see, but the supply side is still relatively abundant at present. From the demand side, the downstream just needs to purchase. In the short term, the domestic methanol market is mainly volatile.

According to the price monitoring of business agency, the average price of sulfur in East China was 1733.33 yuan / ton on the 11th, down 1.89% from the previous working day. The quotation of Shandong refinery was stable and small, and some refineries were reduced by 50 yuan / ton.

At present, the downstream demand continues to be weak, the enthusiasm for entering the market is general, the shipment of enterprises is poor, there is inventory pressure, there is a low-cost supply in the market, the downstream purchase is cautious, the enterprise quotation is weak and downward, the sulfur support is weak, the short-term sulfur market is weak and mainly sorted out, and specific attention is paid to the downstream follow-up.