Trade name: yellow phosphorus

Latest price April 7: 36500 yuan / ton

Key points of analysis: on April 7, the focus of domestic yellow phosphorus market was downward. The overall market trading situation is general, and the logistics in some areas is blocked. Downstream enquiries increased, goods were taken more carefully, prices were pressed more, and enterprise quotations decreased slightly.

The price of yellow phosphorus is expected to be weak in the short term.

Trade name: TDI

Latest price (April 6): 19325 yuan / ton

Key points of analysis: the average price of TDI market in East China today is stable% compared with the quotation of the previous working day, and the domestic TDI market will wait and see the sorting and operation. Affected by the situation in the downstream area, the purchasing atmosphere is stable, and the logistics market is temporarily blocked. At present, the quotation range of dealers in East China is about 18800-19000 yuan / ton for domestic goods and about 19000-19500 yuan / ton for Shanghai goods.

Future forecast: wait and see the TDI market in the later stage, and pay attention to the market supply and downstream follow-up.

One of the main reasons for the narrow rise in the domestic aggregate MDI market is the serious restrictions on logistics and transportation, traffic congestion at the expressway and soaring logistics and transportation costs. On the other hand, the supply of spot goods in some regions is tight, especially in East China, and the quotations of mainstream traders are gradually rising.

According to the sample data monitored by the business agency, from March 25 to April 2, the market price of domestic aggregated MDI increased from 18950 yuan / ton to 19550 yuan / ton, with a price increase of 3.17% during the week, a month on month decrease of 4.63% and a year-on-year decrease of 2.37%.

Summary of domestic aggregate MDI market as of April 2:

Region, Wanhua goods, Shanghai goods

North China and Shandong, 19500-19600 yuan / ton, 19300-19500 yuan / ton

East China, RMB 19500-19700 / ton, 19300-19500 yuan / ton

South China, 19500-19700 yuan / ton, 19400-19500 yuan / ton

Summary of domestic aggregated MDI traders as of April 2:

Raw material pure benzene: the domestic overhaul season of pure benzene is coming, and the import is expected to have less impact. The fundamentals of domestic pure benzene are good. Even if the tracking crude oil price falls, the decline is expected to be small.

Comparison chart of pure benzene (upstream raw material) – polymerized MDI price trend of business society:

Aniline: domestic aniline maintains the consolidation pattern. The amount of aniline is less. The supply side changes little, the demand side is subject to force majeure factors such as traffic control, and the terminal profit transmission is poor.

Comparison chart of aniline (upstream raw material) – polymerized MDI price trend of business society:

In terms of enterprises, Yantai Wanhua 1.1 million T / a plant operates normally; Ningbo Wanhua 1.2 million T / a unit operates normally; 600000 tons / year normal operation of Shanghai Kechuang unit; The 380000 T / a unit of Shanghai Huntsman operates normally and has a maintenance plan in May; Shanghai BASF 220000 T / a unit operates normally; Chongqing BASF 400000 T / a unit operates normally; The 80000 T / a unit of Dongcao Ruian operates normally.

In the future, business community aggregation MDI analysts expect that the domestic aggregation MDI market may still be dominated by shock consolidation.

According to the nickel price monitoring of business society, on the 1st, the average nickel market price was 224283.33 yuan / ton, up 0.86% from the previous trading day and 82.72% year-on-year.

European stocks fell and risk aversion increased, with Lun Ni closing down 1.46% overnight; Under the sealed control of the domestic epidemic, the logistics of some cities was blocked, the profits of downstream consumers shrank, and the spot transaction was poor. Recently, the epidemic prevention and control measures in Shanghai have been strengthened, the refined nickel trade and logistics storage have been greatly affected, the transactions in the spot market are cold, the downstream is difficult to accept the current high price, and the downstream has suffered a large loss. Recently, affected by the Lun nickel capital game, the nickel price fluctuates greatly, and the current price is still out of the scope of supply and demand and in an irrational state. Nickel prices are expected to maintain a wide range of shocks.

Zinc price rose on March 31

According to the data monitoring of business agency, the zinc price rose on March 31 and the zinc market recovered. On March 31, the price of zinc was 26722 yuan / ton, up 0.47% from 26598 yuan / ton on the previous trading day; Compared with 2021, the price of zinc increased by 22.77% year-on-year.

Key points of analysis

The demand of zinc ingot spot market decreased, the commencement of downstream galvanizing enterprises decreased, and the demand of zinc market was lower than expected; The crisis between Russia and Ukraine continued, the high level of natural gas was adjusted, the smelting cost of European zinc smelters was adjusted, the output of zinc ingots was expected to decrease, the high level of zinc ingot inventory in Shanghai futures market decreased, and the overall supply of zinc market decreased.

Future forecast

Both supply and demand are weak, and the zinc price fluctuates and adjusts; In the future, the supply decreases and the demand recovers slowly. It is expected that the zinc price will fluctuate and rise in the future.