From March 10 to March 17, 2023, the market price of antimony ingots in East China fell, with the price at 87250 yuan/ton last weekend and 85500 yuan/ton this weekend, down 2%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price changes in the form of a histogram. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates: rising; Green indicates a decline; The height of the K column indicates the range of fluctuation. From the above figure, it can be seen that the recent upward trend of the antimony ingot market around the Spring Festival has entered a stable period since mid March, and entered a downward channel in mid April. At the end of April, the decline slowed down, and the trend stabilized in May. In June, the price entered an upward channel. After a brief stable period in July, it fell again. After August, the market stabilized step by step, and remained flat for eight consecutive weeks. At the end of October, the price began to decline continuously. After December, the price continued to recover, with a price correction of 2% this week.

This week, the price of European strategic small metal antimony was slightly lowered, reaching 12300 US dollars per ton on March 17. During the week, it was continuously lowered by 300 US dollars per ton, affecting market sentiment. Currently, the overall market atmosphere is on the sidelines.

Since the Spring Festival, the antimony ingot market has continued to rise. After reaching a high level, the antimony ingot price has stabilized for about half a month. The overall market atmosphere is also relatively wait-and-see, and the downstream continues to have insufficient capacity to receive goods. Therefore, this week’s price correction is also a relatively normal market reaction. “Since last week, the price of small metal antimony in Europe has weakened in a narrow range, and until this week, there has been a continuous correction. This has also had a significant impact on the overall market mentality, and the overall bearish sentiment in the future is relatively strong.”. However, the convenience of supply and demand has not changed much at present, and the supply is still slightly tight and the demand is weak. In the future, the price of antimony ingots has been affected by market sentiment recently, and the overall operation is mainly weak. Due to the lack of demand support, it is expected that there is still some room for correction in the future.

This week, the antimony oxide market continued to decline, with the overall smooth commencement of construction. The demand for antimony ingots remained just in demand, while the intention to receive goods from upstream was weak.

The nonferrous index stood at 1117 points on March 18, unchanged from yesterday, down 27.37% from its cycle high of 1538 points (2021-10-18), and up 84.02% from its lowest point of 607 on November 24, 2015. (Note: The cycle refers to 2011-12-01 to now).

According to the bulk list data of the Business Agency, as of March 21, the average quoted price of acrylic acid in East China was 7725.00 yuan/ton, a decrease of 4.04% compared to last Friday (March 17).

In the recent period (3.17-3.21), the acrylic acid market is weak. Recently, the market price of raw material propylene has fallen, and cost support has weakened. In addition, the enthusiasm of downstream market inquiries and procurement is low, and the focus of acrylic acid price negotiation is low. Market transactions are mainly on demand, with a strong cautious wait-and-see mentality and a weak market atmosphere.

According to the bulk list data of the business news agency, the recent price of propylene in Shandong is weak. On March 20, the reference price of propylene was 7176.60, a decrease of 4.6% compared to March 1 (7522.60).

Acrylic acid analysts from the Business Society believe that the current cost support is limited, and downstream procurement is just needed. The market atmosphere is general. It is expected that the acrylic acid market will stabilize in the short term, and more attention needs to be paid to market news guidance.

The price of DOTP fluctuated and rose this week

According to data monitoring by Business News Agency, as of March 20, the average price of DOTP was 10112.50 yuan/ton, up 1.51% from the average price of 9962.50 yuan/ton on March 10. Plasticizer enterprises have started operations steadily, and the supply of DOTP is sufficient. The cost support for DOTP remains due to the rise in raw material prices. This week, the price of DOTP fluctuated and increased.

Raw material prices fluctuated and rose this week

According to business agency data detection; As of March 20, the price of isooctanol was 9321.43 yuan/ton, up 0.38% from the shock of 9285.71 yuan/ton on March 10. Downstream demand for isooctanol is temporarily stable, and downstream customers are seeking bargains to replenish inventory. This week, the price of isooctanol fell first and then rose. The upward momentum of DOTP increased, and the downward pressure remains. In the future, the stable demand for isooctanol is temporarily stable, and the price of isooctanol is strongly consolidated. In the future, the upward momentum of DOTP increased, and the downward pressure remains.

According to data testing by Business News Agency, as of March 20, the PTA price was 5987.27 yuan/ton, up 2.03% from the shock price of 5868 yuan/ton on March 10. This week, PTA enterprises started construction and rose. March is a traditional peak season, with an increase in PTA inventory removal and a slow recovery in PTA demand. PTA prices fluctuated and rose this week, and DOTP raw material cost support remains. It is expected that the momentum for DOTP growth in the future will remain.

Aftermarket expectations

According to DOTP data analysts from the Business News Agency, this week, the raw material of plasticizer DOTP, isooctanol, rose in shock, the price of PTA rose in shock, and the raw material cost of plasticizer DOTP rose; Downstream customers are hunting for bargains to replenish their inventories. This week, DOTP demand is temporarily stable, and DOTP demand support remains. The price of isooctanol fluctuates and rises. As the peak season approaches, PTA prices fluctuate and rise. In the future, cost support remains and demand is temporarily stable. It is expected that DOTP will consolidate strongly in the future.

1、 Price trend

According to monitoring data from Business News Agency, as of March 17, the average price of refrigerant R22 was 20666.67 yuan/ton, an increase of 6.90% compared to the price of 19333.33 yuan/ton at the beginning of the month, and an increase of 18.10% compared to the same period last year

According to monitoring data from the Business News Agency, as of March 17, the average price of refrigerant R134a was 25500.00 yuan/ton, an increase of 3.38% compared to the price of 24666.67 yuan/ton at the beginning of the month, and the overall level compared to the same period last year.

2、 Market analysis

In the middle of March, the domestic price of chloroform rose and fell back. As of March 17, the price of chloroform rose 2.34% during the month, while the price of hydrofluoric acid fell 0.58% slightly. Overall, the overall increase in the cost of raw materials upstream of R22 has stabilized, with relatively high raw material costs. In addition, the weather has gradually returned, and the demand for refrigerant has gradually warmed up. Supported by cost and demand, the domestic price of refrigerant R22 has continued to operate steadily and moderately strong this week.

In the middle of March, the domestic trichloroethylene price remained stable, while the hydrofluoric acid price slightly decreased. As of March 17, the hydrofluoric acid price fell slightly by 0.58% during the month. Overall, the upstream raw material cost of R134a was generally weak, and supported by the recovery of gas temperature and refrigerant demand, the domestic refrigerant R134a price remained stable this week.

In terms of raw materials, compared to previous years’ domestic hydrofluoric acid prices, in 2023, the overall domestic hydrofluoric acid price will continue to be at a relatively low level after rising and falling, and the continued low cost of raw materials will play a certain role in suppressing the domestic R134a price in the future.

3、 Aftermarket Forecast

Refrigerant analysts from Business News believe that the rising trend of raw material costs is stabilizing, and supported by a slight rebound in demand, it is expected that the domestic R22 market price will continue to be strong in the short term. The continued weakness of raw material costs will form a certain pressure on the domestic R134a price in the future, and the price of R134a in the future will continue to recover with insufficient momentum. It is expected that in the short term, the overall domestic R134a price will be at the current level for consolidation operation.

According to the monitoring of the Business News Agency, on March 16th, the market price of butyl acetate slightly increased, with a year-on-year increase of 1.37%. The mainstream quotation range is 7300-7500 yuan/ton.

Market analysis: The main reason for the increase is the cost side. According to the monitoring of the Business News Agency, the price of the upstream product n-butanol rebounded this week, with a weekly increase of 1.86%. The rise in raw materials led to a rise in downstream butyl esters. However, supply and demand fundamentals are still weak, and market transactions are not good. The enthusiasm for entering the downstream market is not high, and the consumption rate in the region is slow, and the supply and demand remain relatively balanced.

Future market forecast: The cost side is positive in the short term or can be realized, while the supply and demand fundamentals are weak and difficult to improve. It is expected that butyl acetate will continue to push up weakly. In the later stage, the adjustment pattern may continue to be maintained.