As of May 18, the average price of domestic industrial grade lithium hydroxide enterprises was 86666.67 yuan / ton, up 0.39% compared with last Tuesday (May 11), 7.88% compared with the price at the beginning of the month, and 7.88% compared with April 18, according to the data of business news agency’s block list.

Recently, the overall trend of domestic industrial lithium hydroxide Market is positive, the cost side has a certain support, coupled with the tight spot supply, the demand increment drives the market upward, the enterprise offer is strong, and the focus of market negotiation rises. According to the data monitoring of business news agency, the recent price of lithium hydroxide of some enterprises is summarized as follows: the external quotation of Shanghai Yulun industrial grade lithium hydroxide is 92000 yuan / ton; Zigong tongfarong industrial grade lithium hydroxide quoted price is 85000 yuan / ton; Shanghai oujin industrial quoted 83000 yuan / ton for industrial grade lithium hydroxide and 86000 yuan / ton for battery grade lithium hydroxide. The spot price of the merchants is in line with the market, and the actual transaction price is mainly through negotiation.

According to the data monitoring of business society, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton as of May 17, which was 0.46% higher than that at the beginning of the month (86600 yuan / ton on May 1). On May 17, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton, which was 0.89% higher than the average price at the beginning of the month (the average price of carbon in East China was 90000 yuan / ton on May 1).

According to the lithium hydroxide analysts of business news agency, in general, the supply and demand of lithium hydroxide Market has strong support in the near future, and the focus of transaction has steadily moved up. It is expected that in the short term, the domestic industrial lithium hydroxide market may be relatively strong, and the specific trend needs to pay more attention to the market information guidance.

1、 Price trend

2、 Market analysis

According to the data of business news agency, the domestic potassium sulfate Market was stable in the second week of May. As of May 17, the average price of domestic potassium sulfate 50 particle samples was 2966.67 yuan / ton, which was the same as that at the beginning of the month, with a year-on-year increase of 6.91%.

The current price position of potassium sulfate is the accumulation of positive market from March to early April. At present, the domestic price of potassium sulfate tends to be stable, and it has been mainly in a horizontal deadlock since May. At present, the plant load of domestic potassium sulfate Mannheim enterprises has been adjusted respectively, and the overall level is the same, and the start-up rate is more than 70%. Shijiazhuang hehe chemical 52% potassium sulfate powder factory reference price of 3050 yuan / ton. Shijiazhuang Haofang chemical 50% potassium sulfate powder factory reference price of 2950 yuan / ton, the manufacturer mainly to meet the early orders. In terms of raw material potassium chloride, the recent market is also relatively stable, and the potassium chloride commodity index of Business Association on May 14 was 80.16. Last week, the actual transaction of potassium chloride market was not good. The main contradiction of the market as a whole is still that supply exceeds demand. It is expected that the potassium chloride market will be mainly consolidated at a high level. However, the improvement of potassium sulfate supply is limited in the near future, and the devices of individual enterprises are about to enter the maintenance stage. In terms of external market, potash market supply is also tight, global demand is still strong, and crop fundamentals are stable. The impact on domestic offer is general, and the arrival volume of port and border trade goods is not much.

3、 Future forecast

Potassium sulfate analysts of business news agency believe that: in the second week of May, the price of potassium chloride and potassium nitrate was stable, and domestic potassium sulfate cost support was strong. The cost side and the outside price act on the market at the same time, and the production and trade traders insist on the offer. At present, the potassium sulfate market atmosphere is not active, and the trading fluency is not ideal. It is expected that the domestic potassium sulfate price will continue to run sideways in the near future.

The market price of magnesium ingot rose again on the 14th

On May 14th, 2021, the total range of price range of ex factory cash tax of magnesium ingots (99.9%, acid free and simple packaging) in main production areas of China was 21500-22000 yuan / ton, which was mainly discussed by actual single parties.

The specific price ranges of each region are as follows:

The ex factory tax cash exchange in fugu area is 21500-22000 yuan / ton; RMB 22000-22100 / ton of cash exchange in Taiyuan area; 22100-22200 yuan / ton of cash exchange in Wenxi area; Ningxia area cash exchange 21900-22000 yuan / ton.

Magnesium ingot is the primary magnesium ingot of national standard (gb/t3499-2011); Non pickling, no wooden tray and non payment acceptance price, mainly for single negotiation.

After the festival, the price of ton rose by RMB 4000-5000 / ton

According to the data of business agency, the market quotation of main production area rose to 17400-17600 yuan / ton at the end of April. After the festival, the market quotation was high, low price goods sources were difficult to find, and the saving price increased, and the price of ton rose by 4000-5000 yuan / ton.

It is reported that the downstream end-users began to find low-cost goods on August, and the pre-season quotation inquiry was difficult. The market quotation reached 19000 yuan / ton on Monday, and it was continuously attacked in the next few days, reaching a historical market high of 20000.

This surge has been rising, catering to the trend of the soaring futures commodity market. The circle of friends spreads the paragraph “don’t bet tomorrow’s price, buy goods without skill, all buy early”, can also see that after the recent surge, market speculators see a high sentiment.

At present, the market has good trading and investment, and the manufacturers have strong willingness to settle prices. In the early stage, the stock traders have profit demand for shipment, and there is a certain bargaining space under the promotion of excessive profits.

The recent strong surge in magnesium ingot prices is mainly based on two factors:

Strong cost side support & expected improvement of supply and demand side

Strong cost side support

Cost side, in recent 1-2 years, the price of raw silicon iron is relatively strong, and the price of magnesium ingot has been relatively soft in the early stage. The cost factor has been increasing gradually.

The raw silicon iron market is affected by Ningxia energy dual control policy, and the low price source of goods has decreased sharply. In addition, the continuous operation of recent increase of the price of orchid products by the upstream raw material enterprises of ferrosilicon is added. The company has issued the notice on the price adjustment of Lancang products of the subordinate enterprises of Lancang group. The market has strengthened the expectation that the trend of ferrosilicon will be high and stable in the short term. The expected strengthening of the cost side support of magnesium ingots is expected.

In the main production area of magnesium ingot, most of the metal magnesium in Shaanxi is the recycling industry of Lancan ferrosilicon metal magnesium. The production of raw magnesium and coke powder (Lancan and clean carbon) is greatly affected by the price of raw coal, and the high production cost has greatly increased the pressure on production and operation.

Expected improvement of supply and demand

At present, domestic market demand is relatively improved, and the purchase is not up or down, the inquiry volume increases, the market is not much spot, and the spot supply is relatively tight.

On the one hand, the main production area manufacturers have not much stock, which is affected by the raw material price factors, and the initial start rate is not high and the production is relatively insufficient. At present, the spot of the factory is generally less, and some manufacturers start the pre-sale delivery mode. On the other hand, raw materials soared, and the factory price of magnesium ingots rose. The market of magnesium ingots is singing all the way, which helps some speculators to hoard goods. Some downstream small-scale customers, seeking low-cost sources, mainly to the early hoarding trade speculators, profit settlement and shipment.

Domestic demand is expected to be strengthened and import and export are also positive. According to exporters, export orders began to warm up and order volumes increased. The production abroad has gradually recovered, and the demand for magnesium ingots has risen.

Magnesium prices have hit a high of nearly nine years after the storm

According to the data of business agency, the magnesium commodity index on May 15 was 127.03, which was flat with yesterday, a record high in the cycle, up 74.78% from the lowest point of 72.68 on January 10, 2016（ Note: the cycle refers to March 1, 2012 to present)

We should be careful to stock up goods on speculation

At present, the coal price is relatively high, the cost pressure is relatively high, and the enterprise has not much inventory at present, and the pre-sale transaction accounts for a large proportion. The willingness of the manufacturer to settle the price is relatively sufficient. The downstream end users should have a proper amount of the primary storage to ensure the dynamic balance of magnesium used by the enterprise. If the stock speculation is the starting point, the current price is high and the risk is large, which tests the fast delivery capacity of the speculators.

The price of magnesium ingots has been constantly high, and the short-term surge is rapid. On the one hand, it is more testing the pressure bearing capacity of downstream, and it is expected that there may be a process of digestion and increase in downstream market. On the other hand, the price difference between magnesium and aluminum is back to the era when the price of magnesium is higher than that of aluminum, and the price ratio of magnesium is relatively weak.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the price of sodium pyrosulfite in China was stable this week. The average price of industrial sodium pyrosulfite was 1800.00 yuan / ton at the beginning of the week and 1800.00 yuan / ton at the end of the week, up or down by 0.

2、 Market analysis

This week, the overall market performance of sodium pyrosulfite is acceptable. The market price range of industrial grade sodium pyrosulfite is 1700-1950 yuan / ton, and most of the prices are around 1800-1850 yuan / ton. The production of the enterprise is stable, mainly to complete the orders of old customers, and the increase of new orders is limited（ The above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within their scope. The prices are for reference only, and have nothing to do with the final pricing of manufacturers. For details, please contact each manufacturer for consultation).

This week, the domestic soda price dropped slightly by 0.11%, and the sulfur price rose by 1.79%. The overall price of upstream raw materials fluctuated at a high level, and the cost will play a certain role in supporting the domestic market price of sodium pyrosulfite.

3、 Future forecast

Business analysts believe that the high cost of raw materials shock forward, cost support, short-term market price of sodium pyrosulfite will continue to firm operation.

1、 Price trend

According to the data monitoring of business news agency, the average price of domestic liquefied natural gas on May 13 was 3910 yuan / ton, up 28.2% compared with that on May 7, 12.25% month on month, and 39.64% compared with the same period last year.

2、 Analysis of influencing factors

After the May Day holiday, domestic LNG rose sharply in the off-season, with a year-on-year increase of nearly 40%. Looking back last week, the rise of liquefied natural gas was relatively moderate, and most of the liquid plants made tentative adjustments, with a small range. In this week, the one-day increase of LNG was in the range of 4.27% – 8.7%. In just seven days, the increase had exceeded 28%. Some of them had a second price adjustment, and the rise was strong. This round of increase is mainly due to the increase of manufacturers’ maintenance, tight supply, low enterprise inventory, rising demand after the festival, and the rise of imported gas prices. Domestic liquid prices are supported by multiple positive factors. At present, Inner Mongolia, Shaanxi, Shanxi, Henan and other places continue to rise, and some liquid plants have risen to more than 4000 yuan, recovering part of the previous decline and moving up the center of gravity.

In late May, the starting price of gas source bidding was 1.68-1.78 yuan / m3, which was 0.1-0.2 yuan / m3 higher than that in the first ten days. The cost support was gradually strengthened, which once again boosted the market atmosphere. The manufacturers supported the price rise, the market participants had a positive attitude, and the short-term market was relatively strong. However, the negative factors in the off-season are still in place. The increase in demand is not as fast as the rise in liquid prices. Moreover, there is a conflict in the downstream market. It may choose other alternative resources to divert part of the demand. Therefore, the off-season surge is not easy to last.

On May 13, the domestic LNG market price continued to rise, with 3730-4100 yuan / ton in Inner Mongolia, 3900-3970 yuan / ton in Shaanxi, 3800-4080 yuan / ton in Shanxi, 3700-3950 yuan / ton in Ningxia, 3850-3900 yuan / ton in Henan, 3580-3850 yuan / ton in Hebei and 3650-4100 yuan / ton in Sichuan.

region Specifications May 13th May 8th Up and down

Inner Mongolia liquified natural gas 3730-4100 2950-3250 Up 480-850

Shaanxi liquified natural gas 3900-3970 3050-3250 Up 650-750

Shanxi liquified natural gas 3800-4080 3100-3320 Up 480-760

Ningxia liquified natural gas 3700-3950 3020-3100 Up 600-850

Henan Province liquified natural gas 3850-3900 3450-3490 Up 360-410

Hebei liquified natural gas 3580-3850 3030-3350 Up 230-500

Sichuan liquified natural gas 3650-4100 3300-3450 Up 200-650

Downstream products rose more than fell less:

Methanol, May 13, Zhengzhou Commodity Exchange methanol futures high consolidation, closing at 2755 yuan / ton, compared with the previous day’s closing up 139 yuan / ton, futures rose 5.31%. The spot market of methanol is also rising. The main production areas in Northwest China drive the spot price of methanol in other regions to continue to rise. The supply and demand of raw coal is tight, which promotes the cost of coal to methanol. According to the monitoring of business news agency, as of May 13, the average price of domestic methanol production enterprises in Shandong was 2680 yuan / ton, with a month on month increase of 13.80% and a year-on-year increase of 54.91%. In the near future, methanol futures are greatly affected by steam coal futures. At present, the methanol market is basically good. Methanol analysts of business cooperatives expect that the spot market of short-term methanol market will follow up slowly.

Urea, upstream liquid ammonia Market recent high consolidation, cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening. India bid: on May 5, the bidding price of mmtc urea in India was announced. The lowest price on the west coast was 358.99 USD / T CFR, and the lowest price on the east coast was 356.99 USD / T CFR, equivalent to about 2120 RMB / T. It is expected that the ex factory price of urea in Shandong will rise slightly in the future

Dichloromethane. On May 13, the reference price of dichloromethane was 3803.33, which was 4.77% higher than that on May 1 (3630.00). After the festival, the price of raw material liquid chlorine in Shandong Province fell sharply, and the cost was dragged by dichloromethane; However, the maintenance plan of methane chloride in the later period will provide some support for dichloromethane, and it is expected that the dichloromethane will still be mainly explored in the later period.

3、 Future forecast

LNG analysts of business news agency believe that: in the near future, the domestic LNG market has been greatly pushed up by multiple favorable factors, and the rising momentum is strong. The manufacturers actively support the price, and the market entrants are optimistic. In the short term, the market is relatively strong, and the price is expected to continue to rise.