Zinc price trend

 

According to the data monitoring of Business News Agency: zinc prices soared after the festival. On February 18, the average price of zinc was 21473.33 yuan / ton, up 6.25% from 20210.00 yuan / ton before the festival.

 

LME zinc price trend chart in February

 

According to the trend chart of LME zinc price in London, the LME zinc price rose sharply in February, and the domestic zinc market remained stable before the festival. The international zinc price rose, the domestic zinc market fluctuated and stabilized, the domestic zinc market’s rising power accumulated, and the zinc market’s rising power increased.

 

LME zinc price rises and falls during Spring Festival

 

Date ﹣ closing price ﹣ rise and fall ﹣ relative pre Festival ﹣ cumulative rise and fall ﹣ unit

February 10 – 2729 – - – USD / T

February 11 – 2801 – 72 – 2.64% USD / T

February 12 – 2837 – 36 – 108 – 3.96% USD / T

February 15 – 2844 – 7 – 115 – 4.21% USD / T

February 16 – 2844 – 0 – 115 – 4.21% USD / T

February 17 – 2810 – 34 81 – 2.97% USD / T

It can be seen from the rise and fall table of zinc price in LME market that during the Spring Festival, the international zinc market rose, which stimulated the domestic zinc market to rebound and rise. After the festival, the soaring zinc price released the rising pressure, and the rising power of zinc market was greater.

 

Analysis summary and Prospect

 

Bai Jiaxin, an analyst of business news agency, believes that: since February, the price of zinc in LME market has been fluctuating and rising, and the price of zinc in international market has been warming up and rising, which is good for the domestic zinc market. During the Spring Festival, the price of zinc in LME market has been fluctuating and rising, which is good for the domestic zinc market. After the festival, the price of zinc has soared, and the price of zinc has risen by 1000 yuan a day, releasing the upward pressure of zinc market. Generally speaking, the supply and demand changes of domestic zinc market are limited, the rising power of zinc market is not enough to support the continuous rise of zinc price, and the future zinc market is expected to be adjusted by shock and rise slightly.

Thiourea

1、 Price trend

 

Take the sulfuric acid rutile titanium dioxide with large volume in domestic market as an example. According to the data of business club’s block list, the price of titanium dioxide rose this month. The average price of domestic titanium dioxide was 17133.33 yuan / ton on February 1 and 18066.67 yuan / ton on February 7. The price rose by 5.45% in the week.

 

2、 Market analysis

 

This week, the price of titanium dioxide in Longqi rose by 1000 yuan. At present, the main manufacturers are in good condition to receive orders for export, and some of them have received orders until the middle and late March. The overall market confidence is good. The price of domestic rutile titanium dioxide with tax is 17500-18600 yuan / ton, and that of anatase titanium dioxide with tax is 14100-16500 yuan / ton.

 

According to customs data, in December 2020, China’s import of titanium dioxide was about 16500 tons, a year-on-year decrease of 3.79% and a month on month increase of 2.73%. From January to December in 2020, the cumulative import is about 172400 tons, with a year-on-year growth of 2.85%.

 

In December 2020, China’s titanium dioxide export was 102000 tons, up 1.26% year on year and down 9.13% month on month. From January to December, the total export was about 1214800 tons, up 21.06% year on year.

 

In terms of raw materials, the price of titanium concentrate in Panxi increased slightly this week. As the Spring Festival holiday is approaching, the real single market is cold, and the market price is basically stable. Up to now, the price of 46,10 titanium ore from small and medium-sized manufacturers is 1950-1980 yuan / ton; the price of 47,20 titanium ore is about 2100 yuan / ton, and the price of 38,42 titanium ore without tax is 1330-1350 yuan / ton. In the short term, the price of titanium concentrate will continue to run at a high level, which is a single discussion.

 

According to customs data, in December 2020, the import volume of China’s titanium ore was 300500 tons, with a month on month increase of 18.86% and a year-on-year increase of 1.27%. The top three import countries are Mozambique, Vietnam and Australia, accounting for 43%, 22% and 11% of the total import respectively. From January to December 2020, the total import volume is about 3.0142 million tons, with a year-on-year increase of 15.29%.

 

In December 2020, China’s export of titanium ore was 3870 tons, with a year-on-year increase of 74.68% and a month on month increase of 32.19%. From January to December 2020, the total export is about 2.58 tons, up 7.21% year on year.

 

3、 Future forecast

 

Titanium dioxide business analyst said: at present, titanium dioxide enterprises export orders perform well. The domestic market is approaching the Spring Festival, logistics and other factors lead to the cold atmosphere of domestic terminal trading. The price of raw material titanium ore is high, the cost support is strong, and the market confidence of titanium dioxide is good. It is expected that in the short term, the titanium dioxide market will mainly run at a high level, and the actual transaction will be discussed in a single way.

Thiourea

1、 Price trend of epichlorohydrin

 

(Figure: p-value curve of epichlorohydrin product)

 

2、 Market analysis

 

February 8 epichlorohydrin market situation wait and see finishing. According to the data of the business club’s block list, as of February 8, the average price quoted by epichlorohydrin enterprises was 10900 yuan / ton, which was flat compared with the previous trading day, and decreased by 11.62% compared with January 8.

 

As the Spring Festival is approaching, the market is mainly in the process of consolidation and operation, and the transaction atmosphere is light. The operators are withdrawing from the market one after another. In addition, the logistics transportation is blocked, and the holiday atmosphere is strong, so the market is flat and tidy.

 

Upstream propylene, as of February 5, Shandong propylene market prices continue to be stable. According to the price chart of the business club, the price of propylene declined all the way at the end of January. After a slight rebound at the end of the month, it began to be stable. Today, the price of individual enterprises rose, but the overall price was stable. The market transaction was between 7000-7350 yuan / ton, and the mainstream price was about 7000 yuan / ton. At present, the inventory pressure of manufacturers is too high, and the shipment situation is a little cold.

 

The downstream epoxy resin remained stable on February 7. As the holiday approaches, the negotiation atmosphere of liquid epoxy resin in East China slows down. The mainstream negotiation price is 26300-26800 yuan / ton. The factories mainly deliver orders, and the logistics transportation is limited near the end of the year.

 

3、 Future forecast

 

Business community epichlorohydrin analysts believe that near the Spring Festival, the market operation is basically stagnant, the market before the festival finishing operation, short-term or will keep stable, more wait-and-see market trend after the festival.

Thiourea

According to the price monitoring of business news agency, on February 9, the average price of sulfur production in East China was 1143.33 yuan / ton, up 3.94% in a single day. In February, the sulfur market continued to improve, and the price rose strongly, up 6.85% in a month. At present, the domestic solid sulfur price is 910-1280 yuan / ton.

 

As of February 9, the regional price of sulfur in China is as follows:

9 Feb 2005

1200-1280 yuan / ton sulfur (particle) in East China

Sulfur (particle) 910-960 yuan / ton in North China

Sulfur (particle) 1060-1090 yuan / ton in Shandong Province

 

According to the price monitoring of the business association, as of February 9, the domestic price of monoammonium phosphate was about 2134 yuan / ton, with a slight rise in the month; the average production price of diammonium phosphate was 2490 yuan / ton, with a high price. In terms of domestic diammonium phosphate, the international market demand is improving, and the port inventory is increasing. Statistics show that the port inventory increased by about 17800 tons last weekend compared with seven days ago. In the domestic market, the enterprises mainly delivered early orders, the market arrival volume is low, and the on-site supply is tight. Coupled with the strong international demand, the diammonium phosphate market continues to have a strong trend in the later period, which has a positive impact on the sulfur market.

 

The domestic sulfur continues to rise, the demand of downstream phosphate fertilizer industry is stable, driven by the port spot market, the refinery prices in various regions of the country are stable and upward, plus the manufacturers’ inventory is low, and the shipment is smooth, the external market is tight, the price is high, and the market supporting attitude is obvious. It is expected that the sulfur market will continue to consolidate strongly after the festival.

Thiourea

1、 Price trend

 

According to the data of the business club’s block list, the domestic propylene (Shandong) market price remained stable this week, with no weekly rise or fall or weekly amplitude at 7068 yuan / ton.

 

2、 Analysis and comment

 

According to the price chart of the business club, the price of propylene declined all the way at the end of January. After a slight rebound at the end of the month, it began to be stable. Today, the price of individual enterprises rose, but the overall price was stable. The market transaction was between 7000-7350 yuan / ton, and the mainstream price was about 7000 yuan / ton. At present, the inventory pressure of manufacturers is too high, and the shipment situation is a little cold.

 

Crude oil prices rose slightly on February 4, with limited impact on propylene.

 

This week, the spot price of PP was stable after a small rise, with a weekly increase of 0.40%. The PP futures market was slightly cold, with a slight negative impact on propylene.

 

Acrylic acid market rose in the second half of this week, with a weekly increase of 1.41%, which had a small positive impact on propylene.

 

This week, the market of propylene oxide rebounded after going down, with a weekly decline of 0.40% and a weekly amplitude of 1.19%, which had little impact on propylene.

 

Epichlorohydrin has been stable this week and has no effect on propylene.

 

This week, the domestic n-butanol price continued to rise, with a weekly increase of 3.13%, which had a certain positive impact on propylene.

 

This week, the market of isooctanol was obviously up, with a weekly increase of 5.65%, which had a certain pulling effect on propylene.

 

Isopropanol market plummeted this week, with a weekly decline of 4.23%, which has a certain suppression effect on propylene.

 

This week, phenol in East China remained stable, with no rise or fall and no impact on propylene.

 

This week, acetone in East China fell slightly and then stabilized, with a weekly decline of 1.23%, which was slightly negative for propylene.

 

3、 Future forecast

 

The propylene analyst of business society chemical branch thinks: Generally speaking, there is a certain pressure on the current inventory, the rise of crude oil price is slowing down, the downstream market is mainly on the lookout, the purchase intention before the festival is general, and the positive is slightly more than the negative. Therefore, it is expected that the future market of propylene will be mainly stable and volatile in the near future, not excluding the possibility of a small upward trend.

Thiourea