Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on November 12 was 5162.33 yuan / kg, an increase of 6.53% compared with the average early trading price of spot market in early October (November 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 6.99%.

On November 12, the spot market price of gold was 382.32 yuan / g, an increase of 1.95% over the spot market price of 370.51 yuan / G on Monday (November 5), and an increase of 3.44% over the early average price of 369.60 yuan / G on the spot market price in early November (November 1); Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 2.64%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. Recently, at the end of September, the price of silver fell rapidly, and the rise and fall of precious metal prices converged. After the return of the national day, the price of silver hit the bottom and rebounded. The fluctuation amplitude of silver price is large, the price trend of gold and silver tends to narrow, and the recent price fluctuation of silver is relatively stable.

List of dollar indexes

The dollar index rose and inflation expectations rose to 2.70%. At present, the rise of the US dollar index stems from the relative economic strength in the global low interest rate environment. Especially at present, the euro zone is seriously affected by the epidemic. Under the expectation of the active fiscal policy of the United States, the market is also expected to maintain low real interest rates. Therefore, there is a landscape of the same rise of the US dollar and gold.

The US Federal Reserve decided in November that taper fell, the US short-term monetary regulation was basically exhausted, and the short-term inflation expectation was raised, which was beneficial to precious metals.

Future expectations

Recently, the price of precious metals has an upward trend, mainly based on inflation factors. It is expected to maintain a strong operation in the near future.

Trade name: cryolite

Latest price (November 11): 7150 yuan / ton

Key points of analysis: on November 11, the average production price of cryolite in Henan was flat compared with yesterday, and the market ran smoothly. At present, the inventory of upstream raw materials has increased, the price is still strong, the production cost of cryolite is high, the manufacturer’s quotation is high and stable, the production capacity of cryolite enterprises in the yard is low, the shipment is relatively smooth, and the cryolite market operates firmly.

Future forecast: the price of cryolite will be stable in the short term.

Trade name: TDI

Latest price (November 10): 14950.00 yuan / ton

Key points of analysis: the domestic TDI market is weak. In terms of supply, the domestic device operates stably, the downstream demand is weak, the offer of the cargo holder is reduced, the transaction of the downstream end products is general, the continuous just need to buy, the market trading is light, the negotiation Center moves down under the supply and demand game, and the market situation is weak. The quotation of TDI domestic goods in the distribution market is about 14300-15000 yuan / ton, and that of Shanghai goods is about 14700-15300 / ton. The actual transaction price is subject to negotiation.

Future forecast: in terms of supply and demand performance, the downstream demand continues to be weak and the market transaction is weak. It is expected that the short-term TDI market will wait and see the consolidation, and pay specific attention to the market supply and downstream follow-up.

Trade name: acetic acid

Latest price (November 9): 7010 yuan / ton

Key points of analysis: the price of acetic acid continued to rise slightly today. The quotation of acetic acid enterprises in Shandong increased by 100 yuan / ton compared with the previous working day, and the quotation of enterprises in Jiangsu and Zhejiang closely followed the market increase. At present, in the market, the price support of supplier enterprises is relatively obvious, the downstream demand is still weak, the market transaction atmosphere returns to rationality after the early speculation, and the on-site operators mainly wait-and-see attitude towards the future market.

Future forecast: at present, the market inventory is sufficient, the downstream demand continues to purchase rationally, and the trading in the domestic acetic acid market is weak. It is expected that the future acetic acid market will wait and see the consolidation and operation, and pay attention to the downstream transaction.

The domestic spandex market remained stable. According to the price monitoring of business society, the average market price was 80600 yuan / ton as of November 5, up 104.05% year-on-year. The market watched carefully, the spot supply of the factory was basically stable, and the commencement of the industry increased to 85%.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 100000-105000 88000-90000 78000-80000

Shandong 100000-107000 90000-92000 79000-81000

Fujian 100000-107000 90000-92000 79000-81000

Jiangsu 100000-105000 88000-90000 78000-80000

The overall mentality of the pure MDI market is poor. Most traders are active in shipping, lack of overall confidence, and the price is stable and reduced. The mainstream negotiation in the market is 22800-23500 yuan / ton barreled self withdrawal telegraphic transfer. PTMEG market high-level consolidation, 1800 molecular weight source mainstream factories offer around 49000-51000 yuan / ton, and the actual single negotiation reference is 48000-50000 yuan / ton. The start-up of the industry was slightly increased to 790%.

With the relaxation of the dual control policy of energy consumption in Jiangsu and Zhejiang, about 50% of the round machine field and about 60% of the warp knitting field started in Jiangsu and Zhejiang, and the start-up picked up. However, there are not many new orders, and most factories maintain early order production. Customers just need to follow up on raw material procurement, and the wait-and-see atmosphere in the overall market remains unchanged.

Business analysts believe that with the gradual delivery of “double 11″ and “double 12″ shopping festivals and Christmas orders, the terminal textile sales market will also enter the traditional off-season, and the demand side is still facing great pressure. In addition, the raw material market is sorted and operated, and the cost support pressure remains. It is expected that the short-term spandex price will show weak adjustment.