1、 Price trend

According to the price monitoring of the business agency, the comprehensive price of hydrochloric acid in North China fell slightly this week, and the quotation fell from 240.00 yuan / ton at the beginning of the week to 236.67 yuan / ton at the end of the week, down 1.39%, 186.87% higher than the same period last year. Overall, hydrochloric acid fell slightly this week, with the hydrochloric acid commodity index at 62.28 on February 21.

2、 Market analysis

（1） Products:

This week, the price of hydrochloric acid market manufacturers fell slightly, the overall market is average. Dezhou Shihua hydrochloric acid quotation is 300 yuan / ton, which is temporarily stable; Wenshui synthetic hydrochloric acid weekend quotation is 210 yuan / ton, which is temporarily stable compared with the beginning of the week; Jinan Yuanfei hydrochloric acid weekend quotation is 450 yuan / ton, which is temporarily stable compared with the beginning of the week; Dezhou Maihua hydrochloric acid weekend quotation is 50 yuan / ton, which is 10 yuan / ton lower compared with the beginning of the week.

（2） Industrial chain:

The upstream liquid chlorine market is generally weak in support of hydrochloric acid, while the downstream dyes, calcium chloride and chloroethane are still mainly purchased according to early demand. Hydrochloric acid market as a whole seems to be declining, and by-product acid is still hitting the market. The pressure of hydrochloric acid delivery is relatively high, and the quality of by-product hydrochloric acid produced by TDI, chloropropene, propylene oxide and methane chloride is relatively good. On the whole, the difficulty of hydrochloric acid delivery is still a big problem.

3、 Future forecast

After the adjustment in January, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. Business analysts believe that: upstream liquid chlorine Market in the near future is general, downstream rare earth, fuel demand is weak. Business analysts believe that the recent low consolidation of hydrochloric acid.

1、 Price trend

The price of Yungui yellow phosphorus increased this week. Last weekend, the average price of yellow phosphorus on February 14 was 17200 yuan / ton, and this weekend, the average price on February 21 was 17266.67 yuan / ton, with a slight increase of 0.39% in the week.

2、 Market analysis

Product: yellow phosphorus market price slightly increased this week. At present, the main quotation of yellow phosphorus in Yunnan is about 17600 yuan / ton. The main quotation in Sichuan is about 17000 yuan / ton. The main quotation of yellow phosphorus in Guizhou is about 17200 yuan / ton. This week, yellow phosphorus enterprises started construction to some extent, the spot supply is still tight, and the market price slightly increased.

Industry chain: the upstream phosphorus ore market transaction is slowly recovering, and the recovery progress of mining enterprises is still poor. Some mining enterprises still need to resume production next week. At present, under the difficulty of auto parts transportation, the market mainly supplies a small amount of shipping, more customers in surrounding areas, low inventory in departments and regions, light trading atmosphere, and production recovery will take some time. At present, the reference price of 28% ammonium phosphate ore car in Guizhou is 320 yuan / ton, the reference price of transaction is 280 yuan / ton, the reference price of 30% ammonium phosphate ore car is 330-360 yuan / ton; the reference price of 28% ammonium phosphate ore car in Yunnan is 275 yuan / ton; the reference price of 28% ammonium phosphate ore car in Hubei is 390-400 yuan / ton, the actual transaction is low, the reference price of 28% grade phosphorus ore in Liushugou is 390 yuan / ton, and the reference price of 30% grade phosphorus ore in Hubei is 390 yuan / ton The ore reference price is 440 yuan / ton. With the recovery of logistics and transportation industry, the supply of raw materials for coke enterprises has been supplemented to a certain extent, the limited production of enterprises has been slightly eased, the supply of coke market is gradually recovering, and the domestic coke market is still stable. The mainstream price of secondary metallurgical coke in Panzhihua coke market of Sichuan Province is 2130 yuan / ton, and that in Liupanshui coke market of Guizhou Province is 2270 yuan / ton. The number of downstream phosphoric acid market start-up enterprises is gradually increasing, the phosphate Market start-up situation is general, most enterprises in Sichuan have not yet resumed work.

3、 Future forecast

According to the yellow phosphorus analyst of the chemical branch of business society, the market price of yellow phosphorus continued to rise this week, the downstream enterprises gradually returned to work, the logistics and transportation industry recovered, and the on-site yellow phosphorus trading improved significantly. Overall, yellow phosphorus supply is still tight, and it is expected that yellow phosphorus prices will continue to rise slightly next week.

1、 Price data:

According to the data monitoring of the bulk list of business associations, at present, the domestic bromine market is weak and stable, and the average price of bromine in China remains around 30277 yuan / ton, down 12.87% from the same period last year.

2、 Cause analysis

Products: due to novel coronavirus pneumonia and the restrictions of weather protection and other factors, the domestic bromine enterprises are generally in the parking period, the industry is running out of stock and the market is tight, but the downstream needs are just flat. Logistics and transportation have just recovered. So the industry is trading lightly, and the mainstream enterprises are offering about 29500-30050 yuan / ton.

Industry chain: the upstream market of bromine in China is light and stable, the market is not sufficient to start, the transportation is limited, and the downstream demand is flat. At present, sulfur is about 470 yuan / ton, sulfuric acid is about 320 yuan / ton, caustic soda is about 600 yuan / ton, and soda ash is about 1550 yuan / ton. In the downstream, the market performance of flame retardants is relatively weak, and the pharmaceutical and agricultural intermediate industries are on the low side, which has a negative impact on the price of bromine as a whole.

3、 Future forecast

According to the bromine industry analysts of business association, the supply and demand of bromine market in China are weak at present, which will maintain stable operation in the short term. After the two sessions and the epidemic, the market will usher in a turnaround.

On February 17, the rare earth index was 340 points, unchanged from yesterday, 66.00% lower than the highest point in the cycle, 1000 points (2011-12-06), and 25.46% higher than the lowest point, 271 point, on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

The average price of neodymium, dysprosium and praseodymium is 368500 yuan / ton, 2175000 yuan / ton and 645000 yuan / ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide is 284000 yuan / ton; that of dysprosium oxide is 15000 yuan / ton to 1750000 yuan / ton; that of praseodymium oxide is 330000 yuan / ton; and that of neodymium oxide is 294500 yuan / ton. The price of praseodymium neodymium alloy in the rare earth alloy was 361500 yuan / ton; the average price of dysprosium ferroalloy rose 30000 yuan / ton to 1735000 yuan / ton.

The price trend of heavy and rare earth in the rare earth market is rising, and people in the market are optimistic about the future market. Myanmar unilaterally closed the customs clearance port, reducing domestic imports. In addition, due to the impact of the epidemic in the near future, some rare earth products have not been fully restored to work. The price supply of heavy and rare earth in China is tight, and the price trend of heavy and rare earth in China is rising. In addition to the recent resumption of production of some permanent magnet products, as well as the exhaustion of some inventory during the Spring Festival, the market trend of PR nd series products increased slightly, the supply in the field was tight, the recent demand for light rare earth was average, and the market price rose slightly. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturers reasonably controlled the sales. In addition, affected by the epidemic situation, some enterprises have not yet started construction, but the demand in the downstream has not changed much in the near future, and most rare earth prices are stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high.

Rare earth analysts of the business agency expect that in the near future, the intensity of strict environmental inspection in China will not be reduced. In addition, Myanmar’s import is blocked, the supply and demand pattern is improving in a better way, and the transportation is still restricted in the near future, and the market price of rare earth is expected to continue to rise.

1、 Price trend:

On February 16, crude benzene commodity index was 60.94, which was the same as yesterday, 53.78% lower than 131.84 (2013-01-28), the highest point in the cycle, and 55.26% higher than 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis:

Domestic market: the pure benzene market is weak this week. Due to the impact of logistics and postponement of construction, Sinopec’s listing price has been lowered. The port inventory of pure benzene is large, downstream demand is limited, and transportation is limited. Crude benzol prices fell sharply this week after being affected. As of Friday, crude benzol prices in Shandong fell slightly to about 3550 yuan / ton. The operating rate of downstream hydrogenated benzene enterprises is about 50% up to now. Although the recent cost pressure of hydrogenated benzene enterprises is relatively small, there are still many units that have not been started yet, and the demand for crude benzene is weakened.

Industrial chain: crude oil: the crude oil market is still restricted by the epidemic this week. However, the market is concerned about the process of OPEC production reduction, and the impact of the epidemic has eased. This week, the crude oil market recovered. WTI was up 2.2% and Brent was up 4.07% compared with February 7. Pure benzene: pure benzene port inventory accumulation. The process of downstream resumption is slow. In addition, styrene plant reduces production and raw materials are released. At present, pure benzene is in the situation of weak supply and demand, and is still constrained by transportation. Downstream: most of the downstream enterprises operate with reduced load and some factories stop. The price of styrene in Shandong this week was 6600 yuan / ton, down 5.04% from last Friday. Jinling aniline plant was shut down, the supply of goods decreased, but due to the constraints of downstream demand, the price increased slightly.

3、 Trend Forecast:

Next week, the oil price will focus on the process of OPEC production reduction and the recovery of the epidemic situation. In the near future, pure benzene enterprises will reduce the load operation, and the start-up of hydrogenation benzene enterprises will not be high. Crude benzene lacks strong support. In addition, the recent weak operation of pure benzene external panel. It is expected that crude benzene market will still be dominated by low consolidation next week.