1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of June 9th, the average price of refrigerant R22 was 20500.00 yuan/ton, which is generally the same as the beginning of the month and an increase of 20.59% compared to the same period last year

According to the Commodity Market Analysis System of the Business Society, as of June 9th, the average price of refrigerant R134a was 25166.67 yuan/ton, which was unchanged from the beginning of the month and increased by 19.84% compared to the same period last year.

2、 Market analysis

In June, the price of upstream raw material trichloromethane was stable and weak, falling 4.4% in the month, and the price of hydrofluoric acid was weak, falling 0.29% slightly in the month. The cost of raw materials continued to be weak and adjusted. With the support of the peak demand season for refrigerants in summer, the quotation of enterprises continued to be stable this week.

In June, the price of upstream raw material Trichloroethylene was stable and weak on the whole, and the price of hydrofluoric acid was weak, with a slight drop of 0.29% in the month. The price of upstream raw material was stable and weak on the whole. Summer was the peak demand season for traditional refrigerants, and the manufacturers had a strong attitude of price support on the whole. The refrigerant price continued to move forward steadily this week.

In terms of raw materials, the domestic hydrofluoric acid prices continue to be weak, which will further suppress the domestic refrigerant market prices in the future.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, the cost of raw materials continues to be weak, and downstream demand is not strong during the peak season. In addition, the prices of domestic refrigerants R22 and R134a continue to operate at high levels, and downstream trading entities are cautious in purchasing and selling. Under the pressure of many negative factors, the prices of domestic refrigerants R22 and R134a will be under overall pressure in the short term.

According to the Commodity Market Analysis System of the Business Society, the formaldehyde market in Shandong has recently declined. At the beginning of the week, the average price of formaldehyde in Shandong was 1103.33 yuan/ton, while on the weekend, the average price of formaldehyde in Shandong was 1096.67 yuan/ton, a decrease of 0.60%. The current price has dropped by 13.65% compared to last year.

formaldehyde

Recently, the price of formaldehyde in the Shandong region has fluctuated and declined. From the above chart, it can be seen that the recent formaldehyde market has mainly experienced slight fluctuations, and the market has continued to decline this week. As of June 7th, the mainstream market price in Shandong region is 990-1200 yuan/ton. This week, the price of raw material methanol fell weakly, and the market trading sentiment was average. Formaldehyde manufacturers continued to lead the market downward in order to ship.

Upstream methanol situation: The domestic methanol market is weak and the support for methanol production costs is weakened. The Baofeng unit is recovering, the supply in mainland China is increasing, and the local formaldehyde load is decreasing, resulting in a decrease in methanol demand. As prices decline, traders and downstream sentiment weaken accordingly. The ex factory price of methanol in the southern region of Shandong is referenced to be around 2130 yuan/ton in cash exchange, while the delivery price in Linyi is referenced to be around 2150-2170 yuan/ton in cash exchange. The local methanol factory in central Shandong quoted a price of 2150-2190 yuan/ton for self delivery. The negotiated price range for methanol in the Dongying area of Shandong Province is 2080-2090 yuan/ton.

Recently, the methanol market has been weak and declining, with poor cost support. Downstream sheet factories have had poor resumption of work due to rainy weather. Therefore, formaldehyde analysts from the Chemical Branch of the Business Society predict that formaldehyde prices in Shandong will mainly fluctuate and fall in the near future.

Domestic cobalt prices rebound and rise

According to data monitoring from Business Society, as of June 6th, the cobalt price was 257500 yuan/ton, an increase of 0.78% compared to June 4th, when the cobalt price was 255500 yuan/ton; The cobalt price increased by 1.74% compared to 253100 yuan/ton at the end of last month and May 31st. The international cobalt price rebounded and rose, while the domestic cobalt market rebounded and the cobalt price fluctuated and rose.

International cobalt prices rebound and rise

From the trend chart of MB cobalt prices, it can be seen that in June, MB cobalt prices fluctuated and rose, while international cobalt prices rebounded and rose, while domestic cobalt manufacturers and traders followed suit.

Overview and outlook

Bai Jiaxin, a data analyst at Business Society, believes that the rebound in international cobalt prices is beneficial for the domestic cobalt market; Recently, the price of cobalt salt has fluctuated and increased, with the price of intermediate cobalt products rising, and the driving force for cobalt price increase has increased; In May, the sales of new energy vehicles rebounded, and the demand for lithium batteries and storage equipment rebounded, leading to an increase in demand in the cobalt market. Overall, the rise of the international cobalt market has stimulated a rebound in the domestic cobalt market, leading to an increase in demand. It is expected that cobalt prices will fluctuate and rise in the future.

According to the Commodity Market Analysis System of the Business Society, from May 15th, the bullish factors were digested by the market, resulting in a weakening of terminal demand and a continuous decline in the market until early June. On May 15th, the average market price of hydrogen peroxide was 1033 yuan/ton. On June 5th, the average market price of hydrogen peroxide was 756 yuan/ton, with a price drop of 26.77%.

Poor terminal demand, continuous decline in hydrogen peroxide market

In mid May, the positive factors after the holiday were digested, and the demand for hydrogen peroxide in the market weakened. The hydrogen peroxide market experienced a continuous decline, falling to early June. The average market price of hydrogen peroxide was 756 yuan/ton, with a price drop of 200 to 300 yuan/ton, a decrease of nearly 27%. Due to poor terminal demand and insufficient confidence from manufacturers in pricing, the hydrogen peroxide market has fallen back to the pre May Day market.

Li Bing, a chemical analyst at Business Society, believes that the demand for hydrogen peroxide in the terminal industry is poor, and the future market will still be weak and downward.

Price trend

Recently, the domestic ABS market has been fluctuating and spot prices have declined. According to the Commodity Market Analysis System of the Business Society, as of June 2nd, the average price of ABS sample products was 10300 yuan/ton, a decrease of -2.83% compared to the average price level at the beginning of the week.

Cause analysis

On the supply side, the high load situation in the ABS industry has continued this week, with overall fewer enterprise inspections. The weekend operating rate has been narrowed down to about 83%. The on-site spot supply continues to be abundant, with high pressure on the supply side. However, the overall inventory has been depleted due to the replenishment at the end of last month, but there is still limited support for the spot market, and manufacturers continue to lower their factory prices.

In terms of raw materials, the overall performance of ABS upstream three materials this week was two drops and one rise. The raw material acrylonitrile market continued to decline. The raw material propylene market is weak, and the cost side is declining; Downstream demand is weak and transaction volume has decreased, resulting in poor support for ABS.

The domestic butadiene market price fell deeply this week. During the week, some maintenance equipment resumed and production increased. At the same time, imported cargo gradually arrived at the port, putting pressure on the market supply side. Some downstream industries saw a decrease in demand, which significantly dragged down the inventory pressure of butadiene suppliers. With the continuous decline of Sinopec prices, the domestic butadiene market rapidly declined.

It can be seen from the figure below that the price of styrene market stopped falling and rebounded this week. The advantage comes from the tight supply pattern of balance, but the weak international oil prices continue, with poor cost support. The trading volume in the Asian styrene US dollar market is light, and downstream demand remains strong. It is expected that the short-term increase in the styrene market may be limited.

In terms of demand: Currently, downstream factories, including the main terminal home appliance industry, have average stocking enthusiasm, and the operating rate is generally at the off-season level. The manufacturer has a cautious wait-and-see attitude, with some restocking and stocking operations at the end of last month, but overall demand improvement is limited.

Future Market Forecast

This week, the upstream three materials of ABS fell and rose, providing poor support for the cost side of ABS. The petrochemical plant has started a high-level fine adjustment, and the market supply continues to be abundant. Although the pressure on on-site inventory has decreased, the demand side support is limited, and the overall pattern of weak and rigid demand is maintained. This month, ABS has multiple enterprise maintenance plans and is expected to reduce the decline in ABS.