On June 7, the quotation range of 1# lead ingot in the domestic spot lead market was about 14950-15050 yuan / ton, with an average price of 15000 yuan / ton, up 200 yuan / ton compared with the previous trading day.

Recently, the market is in the off-season. The lead price mainly fluctuates with the futures market, and the overall fluctuation closely follows the trend of Shanghai lead. In general, the lead fundamentals have not changed much. The downstream battery enterprises are still in the seasonal off-season, with general start-up, high inventory and general sales. In the off-season, the demand for raw materials is low and the support for lead ingots is limited. The increase of social inventory of lead ingots has a certain impact on the market mentality, and the lead price is under pressure. It is expected that the lead price will maintain a range fluctuation trend in the short term, focusing on the recovery of downstream demand.

Latest price (June 6):6382 yuan / ton

Key points of analysis: on June 6, the average price of domestic LNG market was 6382 yuan / ton, down 1.12% from the previous day and up 76.46% year-on-year. On the first day after the festival, the logistics recovered, and the domestic LNG market fluctuated in a narrow range. However, the demand in the off-season weakened, the downstream users’ receiving capacity was general, the domestic liquid price was mainly adjusted, and the actual transaction was mainly negotiated.

It is expected that the domestic LNG market will be weak in the short term.

According to the price monitoring of the business agency, on June 2, the average price of domestic polyester staple fiber spot market was 8588 yuan / ton, down 0.05% from the previous trading day and up 23.69% year-on-year. The main contract of domestic staple fiber futures closed at 8246 in the morning, down 1.46% from the settlement price of the previous trading day, and the settlement price today was 8250. Short fiber raw material futures closed down today, with PTA main force down 0.53% and ethylene glycol main force down 0.24%.

The international oil price corrected overnight and continued its decline today. US oil fell nearly 2%, hitting a four-day low of US $113 / barrel. As the sixth round of EU sanctions against Russia failed to pass as scheduled, and the Biden government said it still hopes to contact Saudi Arabia, the market will take this as a concrete measure for the government to actively reduce energy costs. Pay special attention to the results of the OPEC ministerial meeting this evening. The decline of oil price dragged down the polyester industry chain, and PTA, ethylene glycol and staple fiber all fell today. PTA unit load decreased and continued to be removed from the warehouse. Recently, the price continued to be adjusted at a high level and the downstream was cautious. The supply and demand of ethylene glycol have improved recently, but the surplus expectation is difficult to change. Short fiber supply is expected to increase in the near future. The startup rate of pure polyester yarn in Jiangsu and Zhejiang markets declined, and the downstream maintained the focus on just needed procurement. The enterprise’s shipping psychology was dominant, and the transaction was negotiated on a preferential basis. Affected by the epidemic blockade and economic downturn, the demand recovery of terminal fabric garment industry is difficult in the short term.

It is expected that the short-term polyester staple fiber will show a strong trend of shock under the support of strong cost.

On June 2, the rare earth index was 850 points, up 2 points from yesterday, down 15.59% from the highest point of 1007 points in the cycle (2022-02-24), and up 213.65% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to 2011-12-01 to now)

The trend of domestic rare earth index is rising. The prices of some domestic light rare earth praseodymium and neodymium series are rising. The price of praseodymium and neodymium oxide is rising by 2000 yuan / ton to 952500 yuan / ton, the price of praseodymium and neodymium metal is rising by 2500 yuan / ton to 1157500 yuan / ton, the price of praseodymium oxide is rising by 125000 yuan / ton to 967500 yuan / ton, the price of neodymium oxide is rising by 125000 yuan / ton, and the price of neodymium metal is rising by 10000 yuan / ton to 1195000 yuan / ton, The price of dysprosium oxide fell by 20000 yuan / ton to 2.57 million yuan / ton, the price of dysprosium ferroalloy fell by 20000 yuan / ton to 2.655 million yuan / ton, the price of dysprosium metal fell by 30000 yuan / ton to 3.35 million yuan / ton, the price trend of domestic light rare earth market rose, the recent procurement was general, the price of dysprosium Series in domestic heavy rare earth market fell, the price of terbium series was temporarily stable, the downstream procurement was mainly on demand, Myanmar banned exports, and it is expected that the price trend of domestic rare earth market will rise slightly in the later period.

According to the monitoring of the business club, the domestic market price of phthalic anhydride rose slightly. As of the 1st day, the quoted price of phthalic anhydride was 8300 yuan / ton. The on-site spot supply was normal, and the sales were OK.

The domestic market price of phthalic anhydride rises slightly, the delivery of phthalic anhydride in the market is general, the recent downstream demand changes little, the upstream adjacent benzene price rises, the plasticizer market is stable, the spot supply of phthalic anhydride in the market is normal, and the market price of phthalic anhydride rises slightly. The operation of domestic phthalic anhydride manufacturers has not changed much. The operating rate of phthalic anhydride in the market is less than 60%. The domestic spot supply of phthalic anhydride is normal, and the market price is mainly higher. The downstream plasticizer industry has a slight rise, and the actual transaction is normal. The market price of phthalic anhydride in East China has risen, and the high-end transactions on the floor are limited. The mainstream of the neighboring France source negotiation in East China is 8200-8400 yuan / ton, and the mainstream of the naphthalene method source negotiation is 8000-8100 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 8200-8400 yuan / ton. The wait-and-see mentality in the phthalic anhydride market still exists, and the downstream purchases are mainly on demand. Recently, the adjacent benzene market has risen slightly, and it is expected that the market price of phthalic anhydride will rise in the later period.