1、 Trend analysis

According to the nickel price monitoring of the business club, on the 30th, the average nickel market price was now quoted at 189000 yuan / ton, up 2.55% from the previous trading day and 38.51% year-on-year.

In the new round of economic sanctions against Russia, the British government imposed sanctions on the richest man in Russia and the president of Norilsk Nickel. Affected by this event, LME nickel once rose by more than 8%, and the overnight Lun nickel closed up by 3.22%. However, the amount of nickel products imported by Britain from Russia is very small, and the impact is limited. However, whether it will affect the registration and delivery of all Noni in LME remains to be concerned. Nickel fundamentals are expected to be weak, the supply will turn into surplus in the second half of the year, the actual consumption level is still weak, and the consumption off-season is approaching.

Forecast: due to the UK’s announcement of sanctions against Russian Financial oligarchs, nickel prices rose, but the actual fundamentals were empty, and the room for nickel to rise may be limited.

Trade name: acetic acid

Latest price (June 29): 4150 yuan / ton

Key points of analysis: today, the price trend of acetic acid decreased slightly, the average market price in East China decreased by 0.60% compared with the previous working day, the market trading was light, the enthusiasm of downstream market entry was weakened, a small number of just needed goods were purchased, the holders sold out at the expense of profits, the market mentality was bearish, and the actual negotiated transaction price was low.

Aftermarket forecast: the short-term acetic acid market will be sorted out and operated, and the price may be reduced slightly. Specific attention will be paid to the market transaction.

Trade name: TDI

Latest price (June 28): 17700 yuan / ton

Key points of analysis: the average price of TDI market in East China today is flat compared with the previous working day, and the market is running stably for the time being. The release of factory maintenance in Shanghai has not brought about significant improvement. The supplier has a strong market mentality, the downstream demand is weak, the enthusiasm for entering the market inquiry is general, the offer of the goods holder is temporarily stable, and the on-site trading atmosphere is light. At present, the quotation range of dealers in East China is about 17400-17600 yuan / ton for domestic goods and about 17500-18000 yuan / ton for Shanghai goods.

Aftermarket forecast: the short-term TDI market will continue to be in a stalemate, focusing on market supply and downstream follow-up.

1、 Price summary of mixed xylene on June 24:

Qingdao Refining & Chemical Co., Ltd. offers 8100 yuan / ton, and Shijiazhuang Refining & Chemical Co., Ltd. offers 7950 yuan / ton,

Jiujiang Petrochemical offers 8200 yuan / ton, and Yangba offers 8000 yuan / ton,

Guangzhou Petrochemical offers 8500 yuan / ton, Maoming Petrochemical offers 8500 yuan / ton,

Changling Refining & Chemical Co., Ltd. offers 8200 yuan / ton,

Xinhai Petrochemical offers 8200 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the market has returned to fundamentals, and the supply price of crude oil is under tight support. However, affected by the expectation of interest rate hikes by many central banks across the country, the market is worried about the economic recession, and the oil price is still fluctuating in the range.

Crude oil rebounded last Friday, while mixed xylene in Asia fell. Downstream demand is limited, terminal gasoline is weak, market negotiation is light, and mixed xylene is weak.

According to the data monitoring of business agency, the dichloromethane market was shaken and consolidated this week (June 17-june 24). As of June 24, the average price of dichloromethane bulk water in Shandong was 3440 yuan / ton, down 0.22% from 3447 yuan / ton on June 17. The low point of the week was 3395 yuan / ton, and the high point of the week was 3452 yuan / ton.

Although Jinling and other individual enterprises’ methane chloride plants are operated with reduced load, the domestic methane chloride plants are still operating at a high level, and the supply is still under great pressure. The downstream market demand is stable and weak.

This week (6.17-6.24), the spot price of methanol decreased slightly, and the cost side weakened. According to the business agency, as of June 24, the spot price of methanol was 2655 yuan / ton, down 2.12% from 2712 yuan / ton on June 17.

Future forecast: according to the methane chloride data analyst of the business community, the Jinling unit has reduced its negative operation, but the domestic supply of methane chloride is still loose, and the cost is lower. It is expected that dichloromethane will continue to be weak and volatile in the later period.