According to the price monitoring data of business association, as of February 19, the average reference price of domestic n-propanol containing packaging in mainstream areas was around 10700 yuan / ton, which was 166 yuan / ton lower than that on February 1, 2021 (reference price 10866 yuan / ton), a decrease of 1.53%; compared with that on January 1, the average price was 1100 yuan / ton lower, a decrease of 9.32%.

Weak before the festival and stable after the festival

Since 2021, the domestic industrial n-propanol market has been falling all the way, and before the Spring Festival, the domestic n-propanol market has again declined slightly by 200-300 yuan / ton. After the end of the holiday, on the 18th, the factory quotation of n-propanol given by the manufacturers of n-propanol in Nanjing and the secondary market of n-propanol in Shandong was basically the same as that before the Spring Festival. The current inventory of the factory was normal, and the supply began to develop. As of February 19, the factory quotation of n-propanol bulk water in Shandong Province is around 9600-10200 yuan / ton, which is basically the same as that before the Spring Festival, and the price including packaging is around 10500-11100 yuan / ton, which is the same as that before the Spring Festival. The reference factory price of n-propanol in Nanjing is 9500-10000 yuan / ton, which is the same as that before the Spring Festival.

In terms of raw materials, the external price of ethylene rose recently, reaching US $970.75/t on February 8 and US $1003.25/t on February 19, up 3.35%. The current price has dropped by 4.95% on a month on month basis, and the current price has increased by 25.13% on a year-on-year basis. As of the 18th, Asian ethylene market prices rose slightly, with CFR Northeast Asia closing at US $852-860 / T and CFR Southeast Asia closing at US $827-835 / T. The price of ethylene market in Europe increased greatly, with FD closing at US $1164-1177 / T in northwest Europe and CIF closing at US $1150-1161 / T in northwest Europe. The price of ethylene in the United States has soared, ranging from US $914 to US $926 per ton. Recently, the ethylene market in Europe, the United States and Asia has shown a rising trend. Generally speaking, during the Spring Festival holiday, the whole ethylene market has been rising, with a warm trading atmosphere and positive transactions.

Internationally, on February 18, the price of WTI crude oil futures market in the United States fell, with the settlement price of the main contract at US $60.53/barrel, down US $0.61. Brent crude oil futures market prices fell, settlement price rose, settlement price of the main contract at 63.93 U.S. dollars / barrel, down 0.59 U.S. dollars. On Thursday, oil prices rose. Brent once rose above US $65, and then the market high fell, mainly due to the impact of investment profit taking. Previously, due to the extremely cold weather in the United States, the decline of production capacity and the increase of demand have driven oil prices to rise for several days. Despite the sharp reduction of US crude oil inventory, the market is still uneasy about the current virtual high oil price, and the high selling has led to the decline of oil prices.

After the gradual return of the market, there may be a slight correction

After the festival, the n-propanol market has just returned, and the downstream demand has gradually recovered. At present, the market inventory is normal, and the factories supply more qualified users, so the sales pressure is small. As a result, business community propanol data analysts believe that after a short-term consolidation of propanol after the festival, after the gradual release of downstream demand, propanol market may usher in a steady correction.

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.

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.

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.

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.