Category Archives: Uncategorized

On May 10, the price trend of sulfur was sorted upward

Trade name: sulfur

 

Latest price (May 10): 3756.67 yuan / ton

 

Key points of analysis: according to the price monitoring of business agency, the average price of sulfur in East China today increased by 0.72% compared with yesterday. The inventory of domestic refineries was low, and the inventory of manufacturers was not under pressure. The downstream sulfuric acid market rose after May Day, and the demand for sulfur was stable and good. Enterprises in Shandong increased their quotation slightly according to their own shipment situation, the price of sulfur fixation increased by 30-50 yuan / ton, and the price of liquid sulfur increased by 50-100 yuan / ton. The downstream sulfuric acid market is strong, which is good for the support of sulfur. The market of ammonium phosphate is mainly consolidated, and the downstream purchase is on demand.

 

Future forecast: wait and see the short-term sulfur market, and pay attention to the downstream follow-up.

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Ethylene glycol daily review (20220509)

The latest p-value price of ethylene glycol on May 9 was 4975 yuan / ton, unchanged from the previous trading day. Year on year decrease of 3.34%.

 

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Oil prices fell along with Asian stock markets on Monday. Concerns that the global economic recession may curb oil demand increased risk aversion. The epidemic blockade led to a slowdown in China’s export growth in April. Saudi Arabia, the world’s largest oil exporter, cut the crude oil prices in Asia and Europe in June on Sunday. Investors focused on the EU negotiations on the Russian oil embargo, which may tighten global supply. The ethylene glycol futures market weakened slightly. The recent cargo negotiation of MEG outer plate was around us $640 / ton. There was little change in the overall commencement of the downstream polyester industry, and the follow-up of terminal demand was poor. It was difficult for the polyester market to perform well in the short term. As of May 9, the total inventory of ethylene glycol in the main port of East China was 1153200 tons, an increase of 1700 tons or 0.15% over last Monday and 11900 tons or 1.04% over last Thursday.

 

Forecast: interval shock.

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PMMA market supply and demand balance this week

According to the data monitored by the business community, as of May 7, the average price of PMMA of domestic general transparent superior products was 16625.00 yuan / ton this week, and the price remained stable. Compared with the same period last week, the quotation range of mainstream manufacturers remained about 16500 yuan / ton, the price of PMMA remained stable, the focus of negotiation was stable, the price range of this week was small, and the overall market supply and demand was balanced.

 

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This week, the average price of domestic general transparent superior PMMA was 16625.00 yuan / ton, and the quotation range of mainstream manufacturers remained about 16500 yuan / ton. Compared with the same period last week, there was no significant change in the price. The price of PMMA was mainly stable, the overall supply and demand was balanced, the purchase was just needed, the focus of negotiation was stable, and the supply and demand was normal.

 

Rubber and plastic index: on May 6, the rubber and plastic index was 792 points, unchanged from yesterday, 25.28% lower than the highest point 1060 points in the cycle (2012-03-14), and 50.00% higher than the lowest point 528 points on April 6, 2020. (Note: the period refers to the period from December 1, 2011 to now).

 

PMMA analysts of business agency believe that the PMMA market is expected to maintain stable operation in the short term and the overall market supply and demand is balanced. (if you want to get more commodity information and master commodity prices, you are welcome to subscribe to the commodities of the business club through the official account of the business club. The market is an opportunity).

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On May 6, the price of cryolite decreased slightly

Trade name: cryolite

 

Latest price (May 6): 7525 yuan / ton

 

Key points of analysis: the cryolite market is down today, and the average production price in Henan is down 1.63% from the previous working day. Affected by public health incidents, the logistics transportation is not smooth, the on-site freight is high, the manufacturers have difficulties in shipping, and the downstream purchase is limited. Individual enterprises have slightly reduced their quotation according to their own shipping clearance. At present, cryolite manufacturers have great pressure on production costs, lower enterprise operating rate and less inventory. Enterprises reflect the stability and improvement of downstream demand, and the wait-and-see mentality of operators.

 

Future forecast: the short-term cryolite market will be sorted out and wait-and-see, and pay attention to the market supply.

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On May 5, the price of TDI in East China decreased

Trade name: TDI

 

Latest price (May 5): 17550 yuan / ton

 

Key points of analysis: today, the average price of TDI market in East China decreased by 1.27% compared with the previous working day, and the market is weak. Affected by public health events, logistics and transportation are blocked, downstream demand purchase is limited, terminal industry is depressed, market trading is weak, suppliers store and repair plans for multiple sets of TDI devices, market supply is tight, and from the perspective of supply and demand performance, the market situation is mainly stalemate. At present, the quotation range of dealers in East China is about 16700-17000 yuan / ton for domestic goods and about 17200-17500 yuan / ton for Shanghai goods.

 

Future forecast: wait and see the TDI market in the later stage, and pay attention to the market supply and downstream follow-up.

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