On August 17, DOP prices recovered and rose

According to the data monitoring of the business agency, the DOP price rose on August 17, and the DOP market recovered. On August 17, the DOP price was 9025 yuan / ton, an increase of 0.56% over the DOP price of 8975 yuan / ton on the previous trading day; Raw material prices rise, DOP costs rise, and DOP prices rise.

Key points of analysis

The price of raw material isooctanol rises, the price of phthalic anhydride is temporarily stable, and the cost of DOP rises; The price of downstream plastic PVC is stable, and the demand is temporarily stable; The downward pressure of plasticizer still exists, and the upward force is increased.

Future market expectation

The demand for rising costs is temporarily stable, the driving force for the rise of DOP is increased, and the downward pressure remains. It is expected that the price of DOP will fluctuate and rise in the future.

On August 16, the rare earth index was 698 points, down 3 points from yesterday, down 30.69% from the highest point 1007 points (2022-02-24) in the cycle, and up 157.56% from the lowest point 271 points on September 13, 2015. (Note: the period refers to December 1, 2011 to now)

The trend of domestic rare earth index has declined, the price of domestic light rare earth praseodymium and neodymium series has dropped, the price of metal praseodymium and neodymium has dropped 5000 yuan / ton to 900000 yuan / ton, the price of praseodymium and neodymium oxide has dropped 2500 yuan / ton to 742500 yuan / ton, the price of neodymium oxide has dropped 7500 yuan / ton to 772500 yuan / ton, the price of metal neodymium has dropped 10000 yuan / ton to 965000 yuan / ton, the price of metal praseodymium is 1.065 million yuan / ton, the price of praseodymium oxide is 785000 yuan / ton, and the price of terbium oxide is 13.65 million yuan / ton, The price of metal terbium is 17.4 million yuan / ton, the price of dysprosium oxide is 2.27 million yuan / ton, the price of metal dysprosium is 3.02 million yuan / ton, the price of dysprosium ferroalloy is down 20000 yuan / ton to 2.25 million yuan / ton, the price of domestic light rare earth market is down, the activity of traders is general, the metal factory is cautious and just needs to follow up, the price of dysprosium in the domestic heavy rare earth market is down, the price of terbium is down slightly, the downstream is mainly based on demand, and Myanmar prohibits exports, It is expected that the domestic rare earth market will continue to decline in the later period.

Product Name: cryolite

Latest price (August 15): 7675.00 yuan / ton

Key points of analysis: the price trend of cryolite in Henan increased, and the average price of cryolite production increased by 0.66% over the previous working day. The upstream raw materials are tight, the price is high, the manufacturer’s production cost is high, and the impact of the high level of coal, natural gas and other fuels leads to the low load operation of the cryolite unit, the manufacturer’s cryolite inventory is tight, the downstream demand is stable, and the enterprise’s shipment is acceptable, which supports the high level operation of the cryolite price.

Future forecast: the short-term cryolite market will operate at a high level, and the future market will focus on the market supply.

According to the data of business agency, on August 12, the average p value of oil-based ethylene glycol was 4350 yuan / ton, down 91.67 yuan / ton compared with the previous statistical cycle, down 2.06% year-on-year.

On the upstream side, international oil prices rose on Thursday. As the abnormal high temperature weather and tight natural gas supply in Europe in summer prompted more oil demand for power generation, the IEA raised the growth forecast of global oil demand. The settlement price of October Brent crude oil futures on the London Intercontinental Exchange rose by US $2.20/barrel to US $99.60/barrel; The settlement price of WTI crude oil futures in September on the New York Mercantile Exchange (NYMEX) rose by US $2.41 to US $94.34/barrel. However, the slowdown of economic growth makes the downstream olefin market of naphtha cracking unit weak, and the spot demand of naphtha is low.

MEG USD market is still weak, and the negotiated price is around 510 USD / T. In terms of equipment, Hubei sanning 600000 T / a ethylene glycol unit will be shut down for maintenance on August 5, 2022, and the maintenance is expected to take about 20 days; The 120000t / a ethylene glycol unit of Inner Mongolia Yigao Coal Chemical Co., Ltd. will be shut down for maintenance on August 10, 2022, and the restart time will be determined. The port inventory has been reduced slightly, but it is still at a high level as a whole. As of August 11, the total ethylene glycol inventory at the main port in East China was 1142700 tons, a decrease of 46800 tons compared with last Thursday, a decrease of 3.93%, an increase of 5800 tons compared with this Monday, an increase of 0.51%. The downstream polyester start-up load slowly rebounded, but the terminal demand was weak, and the enterprise inventory was still under pressure.

Forecast: constrained by the demand side, ethylene glycol fluctuates with the low range of cost level.

Product Name: cryolite

Latest price (August 11): 7625 yuan / ton

Key points of analysis: the price trend of cryolite in Henan is temporarily stable, and the average price of cryolite production is the same as that of the previous working day. The manufacturer reflects that the upstream raw materials are still tight, the raw material prices are high and the impact of the high level of coal, natural gas and other fuels, the production cost of the enterprise is high, the low load operation of the cryolite unit is the main factor, the enterprise inventory is tight, and the demand in the downstream is stable, which supports the high level operation of the cryolite price.

Future forecast: the short-term cryolite market is temporarily stable, and the future market will focus on the market supply.