1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of 55% powdered ammonium phosphate in China was 3500 yuan/ton on December 8th, and 3500 yuan/ton on December 14th. The market price of 55% powdered ammonium phosphate remained stable this week.

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 4073 yuan/ton on December 8th, and 4056 yuan/ton on December 14th. This week, the market price of diammonium phosphate decreased by 0.41%.

2、 Market analysis

This week, the market price of ammonium phosphate remained stable and slightly decreased. The price of raw material phosphate ore is strong, and the price of raw material sulfur has increased, providing favorable support on the cost side. Downstream demand is weak, market inquiries have decreased, new transactions are limited, and many ammonium phosphate manufacturers have suspended their quotations. Although there is currently support for pending orders, as the volume of pending orders decreases, the support may weaken in the future. As of December 14th, the market price of 55 powder ammonium in Hubei region is around 3350-3450 yuan/ton, and the factory price of 55 powder ammonium in Henan region is around 3500 yuan/ton, with actual negotiations being the main focus. The market quotation for 64% diammonium in Shandong region is around 4000-4100 yuan/ton, and the actual transaction is negotiable.

In terms of raw material sulfur, the domestic sulfur price has risen this week. The sulfur refinery unit is operating normally and the market supply is stable. The intention to enter the downstream market for goods has increased, and the market trading atmosphere is positive. Refinery shipments are smooth, and inventory has decreased. Manufacturers have a positive attitude and will adjust their prices based on their own shipment situation. As of December 14th, the reference average price of sulfur in East China is 1096.67 yuan/ton.

In terms of raw material phosphate ore, the overall domestic phosphate ore market has remained stable and operational this week. At present, the overall atmosphere of the phosphate ore market is still good, and the mentality of phosphate ore holders is normal. Some mining companies are waiting for new orders to land next year. It is expected that the short-term trend of the phosphate ore market will be mainly stable with minor fluctuations. As of December 14th, the domestic price of 30 grade phosphate ore is around 1020-1080 yuan/ton.

3、 Future Market Forecast

According to analysts from Business Society, the trading atmosphere in the ammonium phosphate market has been poor recently, and the demand side has continued to be weak, resulting in a significant stabilization and slight decline in the ammonium phosphate market. Currently, there is still support from costs and pending orders. It is expected that the short-term market situation for ammonium phosphate will be weak, with consolidation and operation being the main focus.

According to data monitoring by Business Society, as of December 13, 2023, the domestic market price of butanone was referenced at 7533 yuan/ton. Compared with December 7, 2023 (reference price of butanone was 7166 yuan/ton), the price decreased by 367 yuan/ton, a decrease of 4.87%.

From the monitoring chart of Business Society data, it can be seen that in the recent period (12.07-12.13), the overall domestic butanone market has shown a weak downward trend. In early December, the supply and demand side of the domestic butanone market was relatively calm, and the trading atmosphere on the exchange was relatively quiet. The butanone market was weak and consolidating. Starting from December 7th, the overall market situation of butanone began to decline, and downstream demand continued to be weak. Under the drag of demand, the center of gravity of the butanone market continued to move towards a low level, with a cumulative decrease of about 200-300 yuan/ton in seven days. As of December 13th, the domestic butanone market price reference is around 700-7500 yuan/ton.

Market Forecast and Analysis of Butanone

At present, the overall trading atmosphere in the butanone market is still relatively light, and the transmission and conversion between supply and demand of butanone is slow. Inquiries on the market are average, and the butanone data analyst from Business Society predicts that in the short term, the butanone market will mainly adjust and operate within a narrow range. The specific trend still needs to pay more attention to the specific news changes on the supply and demand side.

According to the monitoring of Business Society, since December, the hydrogen peroxide market has continued to decline weakly, with a decline of over 6%. At the beginning of the month, the average market price of hydrogen peroxide was 890 yuan/ton. On December 12th, the average market price of hydrogen peroxide was 833 yuan/ton, with a price drop of 6.37%.

market analysis

After December, the demand for terminal printing and papermaking was poor, and the market for caprolactam fluctuated downward, resulting in a decrease in orders for purchasing hydrogen peroxide. The supply is loose, and hydrogen peroxide manufacturers lack confidence in raising prices. The domestic hydrogen peroxide market is weak and declining. On the 12th, the mainstream market price fell to 830 yuan/ton, a decrease of 60 yuan/ton from the beginning of the month.

Future prospects

Business Society’s hydrogen peroxide analyst believes that terminal demand is weak, and it is expected that the hydrogen peroxide market will continue to decline weakly in the future.

Product Name: PVC

Latest price: 5710 yuan/ton

Key points of analysis: On December 11th, the PVC spot market shifted its focus upwards. Some manufacturers have raised prices, while dealers have slightly increased prices, making it difficult to find low prices in the market. At present, the quotation for PVC SG5 is mostly around 5550-5820 yuan/ton. Downstream players are more cautious, and market transactions are relatively light.

It is expected that the PVC spot market will consolidate and operate within the short term.

According to the analysis system of the commodity market of Shengyishe, as of December 8th, the average price of PMMA, a general transparent grade premium product in China, was 14583.33 yuan/ton. This week, PMMA prices remained stable, with no significant price changes compared to the same period last week. Downstream procurement was mainly based on demand, and the overall market supply and demand were balanced.

This week, the stable operation of PMMA, a commonly used transparent premium product in China, has been the main focus. Compared to the same period last week, the price has remained stable, and the downstream procurement atmosphere is average. Downstream demand is insufficient, and the current mainstream manufacturer quotation range is still around 1583.33 yuan/ton. Currently, the operating rate is stable, and the overall market supply and demand are balanced. Downstream orders are mainly small, with weak cost support and unclear downstream hoarding willingness.

Rubber Index: On December 7th, the rubber index was 660 points, a decrease of 1 point from yesterday, a decrease of 37.74% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 25.00% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to 2011-12-01 present).

PMMA analysts from Business Society believe that in the short term, PMMA will remain weak and stable, with a limited range of price fluctuations.