On March 24, EVA market price was strong

According to the data monitoring of business agency, the average price of EVA in the domestic market was 21233.33 yuan / ton on March 23 and 21233.33 yuan / ton on March 24. The single day price remained stable, up 8.89% compared with March 1.

 

On the 24th, the domestic EVA market price remained stable after rising, and the price was relatively strong. The ex factory price of Petrochemical has little change, and the strong demand for downstream photovoltaic materials has brought obvious support to the market. In addition, the rise of international crude oil drives the cost price upward. There are sufficient market favorable factors and the price rises steadily. It is expected that the EVA market price may still rise in the short term.

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Propylene market fluctuated on March 23

Price trend

 

On the 23rd, Shandong propylene market was consolidated. The mainstream price of propylene in Shandong market was 8000-8200 yuan / ton, and the price of raw materials stopped falling and rebounded. Under the support of cost, the propylene market stopped falling and stabilized. The profit of propylene industry declined. At the same time, affected by the epidemic, the transportation was not smooth, the downstream operation was limited, and the demand was not driven enough.

 

Forecast: weak support on the demand side and uncertainty on the cost side lead to a strong wait-and-see atmosphere in the downstream. It is expected that the propylene market will be weak and volatile in the near future.

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Glycol daily review (20220322)

The latest p-value price of ethylene glycol on March 17 was 5133.33 yuan / ton.

 

The ethylene glycol market is weak and declining today. Crude oil futures prices rose sharply yesterday, hitting the highest settlement price in nearly two weeks. EU foreign ministers considering sanctions on Russia’s energy industry may lead to further tightening of supply. The high-level range of upstream crude oil jumps repeatedly, and the bottom support of ethylene glycol is obvious. In the afternoon of ethylene glycol, the center of gravity of MEG outer offer decreased. Recently, the ship offer fell to within 690, and the offer was around 675. There were obvious differences between the buyer and the seller. At present, the port inventory remains high. As of March 21, the total inventory of ethylene glycol in the main port of East China was 949500 tons, a decrease of 8100 tons or 0.85% compared with last Monday and 6600 tons or 0.69% compared with last Thursday. The downstream textile demand continues to be low, the production and sales of polyester are general, and the downstream purchase demand is relatively soft.

 

Forecast: bottom range shock.

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Acetic acid market price rose slightly in March 21st.

Trade name: acetic acid

 

Latest price (March 21): 4920 yuan / ton

 

Key points of analysis: today’s acetic acid price market continues to wait and see, sorting and operation. The average market price in East China has increased by 0.41% in a single day. Affected by the epidemic situation in various regions, logistics and transportation are blocked, the downstream purchase demand is weakened, and rationality just needs to be followed up. However, there are market news release, and there may be factory shutdown and maintenance in the near future. The operator’s mentality is optimistic, and the overall market is mainly wait and see.

 

Future forecast: the short-term acetic acid market is in a stalemate or rises slightly. Pay attention to the market supply.

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Nickel prices fell in shock this week (3.14-3.18)

1、 Trend analysis

 

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According to the nickel price monitoring of the business society, the nickel price rose first and then fell this week. As of March 18, the spot nickel price was 222766.67 yuan / ton, down 0.29% from 223416.67 yuan / ton at the beginning of the week and up 80.74% year-on-year.

 

Nickel weekly rise and fall chart

 

According to the weekly rise and fall chart of business society, in the past 12 weeks, the nickel price has increased by 9, fell by 2 and leveled by 1. Recently, the nickel price has operated strongly.

 

Nickel industry chain

 

Supply and demand: at present, the uncertainty of the macro situation is still strong, superimposing the 25 basis points of interest rate increase by the Federal Reserve on schedule, which has an intensified impact on the trend of nickel price. LME nickel resumed trading and continued to fall by the limit. In view of the price difference between domestic and foreign nickel markets, lunni still has some room for decline in a short time. However, at present, the global refined nickel inventory continues to decline and maintain a very low level, which has strong support for nickel price.

 

To sum up: nickel industry chain enterprises have a strong wait-and-see mood and do not purchase much. The short-term nickel price trend may maintain a wide shock trend.

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