1、 Trend analysis

According to the nickel price monitoring of the business community, the nickel price rose first and then fell this week. The spot nickel price was 131700 yuan / ton, down 1.37% from 133533.33 yuan / ton at the beginning of the week, down 2.78% from the beginning of the year, up 28.2% year on year. At the beginning of this week, Shanghai nickel mainly opened at 131380 points, then the price rose and fell, closing at 131350 points at the deadline on Friday, with a weekly decline of 0.73%. Lunni closed at US $17910 by Friday’s deadline, down 0.08%.

Downstream stainless steel

According to the stainless steel price monitoring of the business club, the price of stainless steel rose slightly this week. The quotation of spot stainless steel was 131700 yuan / ton, down 1.37% compared with 133533.33 yuan / ton at the beginning of the week, down 2.78% compared with the beginning of the year, up 28.2% year on year.

2、 Market analysis

At the beginning of the week, the US dollar index was weak and nickel prices were relatively strong. Towards the weekend, the US dollar was stronger, and worries about the Fed’s reduction of support intensified, and metal prices were under pressure as a whole. In terms of fundamentals, domestic nickel mines on the supply side are tight, and there is interference in the supply side in the near future. Due to the breakdown of labor negotiations, Vale suspended the operation of nickel mines in Sudbury, Canada. Due to the shortage of power in China, some ferronickel plants shut down for maintenance, and NPI prices rose slightly, but the pressure on the far end of nickel supply side is relatively high. The price of stainless steel in the lower reaches is relatively strong. Due to the shortage of power in southern China, the production of stainless steel is affected. Last week, it was said that three narrow strip steel plants in Guangxi stopped operation due to power failure. Many enterprises in Guangdong received the power restriction notice. Guangdong is one of the main production areas of stainless steel. The above situation will certainly affect the short-term production of stainless steel. Supported by the growth rate of new energy vehicle consumption, nickel sulfate consumption improved. Stainless steel inventory decreased and consumption performed well.

To sum up, the price of stainless steel is strong due to tight power supply restriction, which supports the nickel price. However, in the off-season of demand in June, the nickel price maintains a weak trend, which is mainly affected by macro sentiment.

According to the data monitored by the business society, the comprehensive price of PC market as of June 3 was 27933.33 yuan / ton, and PC was mainly weak and stable in the near future. At present, the market watching atmosphere is strong, the transaction atmosphere is general, and the narrow fluctuation of PC market in the short term remains weak.

PC market is weak in operation, the mentality of trading and investment is rigid, the negotiation center is low, the downstream follow-up is slow, the purchase is required to maintain, the PC market has a strong waiting atmosphere, mainly in the near future, mainly weak shocks, and there is the possibility of continued decline. The upstream BPA price is stable and small, and the price of the carrier is willing to be strong.

On June 2, the rubber and plastic index was 781, up 2 points from yesterday, down 26.32% from 1060 (2012-03-14), the highest point in the cycle, and 47.92% higher than the lowest point of 528 on April 06, 2020（ Note: the cycle refers to December 1, 2011 to present)

PC analysts of business agency think: PC market is under pressure in the short term, and the focus of negotiation is low（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

1、 Price trend

2、 Market analysis

According to the data of business news agency, the domestic potassium sulfate market rose in late May. As of June 1, the average price of domestic potassium sulfate 50 particle samples was 3066.67 yuan / ton, an increase of 3.37% compared with the average price at the beginning of May, and an increase of 13.15% compared with the same period last year.

The current price position of potassium sulfate is the accumulation of positive market from March to early April. At present, the domestic potassium sulfate price range is relatively high. Since May, it has been mainly in a horizontal stalemate. In late April, the domestic potassium sulfate spot price has increased significantly. In the whole of May, the domestic potassium sulfate Mannheim plant load adjustment was limited, which was generally flat, with an average start-up rate of more than 70%. Shijiazhuang hehe chemical 52% potassium sulfate powder factory reference price of 3200 yuan / ton. Shijiazhuang Haofang chemical 50% potassium sulfate powder factory reference price of 3000 yuan / ton, the manufacturer mainly to meet the early orders. Hebei Gaoqiao agricultural potassium sulfate 52% powder factory reference price of 3300 yuan / ton. In terms of raw material potassium chloride, the market was sideways in May, and the actual transaction was not good. On the whole, there is a certain contradiction between supply and demand of potassium chloride, the market atmosphere is cold, the downstream procurement is just needed, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable. In the first ten days of June, the overall trend of potassium chloride market may fluctuate slightly. The domestic potash fertilizer market rose at the end of the month, which was good for the potassium sulfate Market. However, the demand side reaction is general, and the consumption is not large.

3、 Future forecast

Business agency potassium sulfate analysts believe: potassium chloride prices stable in May. The price of potassium nitrate has risen, and the domestic potassium sulfate cost support is acceptable. At the same time, the cost side and the external price play a role in the market, and the producers and traders actively support the price. However, the market atmosphere is not good, the fluency of trading is not ideal, and the end users have a weak response to the rise of potassium sulfate supply. It is expected that the domestic potassium sulfate price will continue to adjust in a narrow range in the near future.

Price trend:

According to the data of the business club’s block list, the domestic ABS market rose and fell in May, and most brands of products fell. As of June 1, the average price of general ABS mainstream offer was about 18050 yuan / ton, which was 1.77% lower than the average price in early May and 43.83% higher than that in the same period of last year.

Factor analysis:

As for raw material styrene, the domestic Styrene Market in the first half of May fluctuated upward driven by cost support and tight spot supply, and the spot remained strong. After twists and turns in the international crude oil market, the high level fell in the second half of the month, pure benzene and ethylene fell, and the cost support weakened immediately. With the end of styrene paper delivery in May, the market is expected to buy gas down. Although the domestic styrene operation rate rose and the styrene supply increased, the wharf inventory was low, the wharf accumulation was slow, and the spot supply was tight. Recently, the output of new devices such as Huatai Shengfu and SINOCHEM Hongrun has been released and the arrival of imported goods. The tight spot situation will be eased in the later stage, and the downstream demand will be temporarily stable. It is expected that the styrene market will still be in the shock consolidation stage after a rapid rise and fall in the short term.

For upstream butadiene, the domestic butadiene market was mainly consolidated in the first half of May. Business intention to stabilize the price offer, the downstream inquiry weak, there are some low price transaction in the market, dragging the market. In the second half of the month, the positive external market was gradually released, driving up the spot price in northern China. But at the end of the month, some production lines were restarted, putting pressure on domestic supply. In addition, the lower synthetic rubber industry is weak, resulting in high price source transaction resistance still exists. Short term domestic butadiene demand will continue, just need to follow up, business community butadiene analysts are expected to continue to collate the market.

In May, the price of ABS cost side was mixed, and the overall support for ABS cost side was weakened. In the near future, the market is dominated by bad external market, which has a drag on the domestic spot price. The positive effect of centralized maintenance on the supply side is gradually exhausted. At present, ABS is in the off-season of traditional consumption, and it is difficult to open the situation of lack of demand. Downstream enterprises just need to reduce, buy up do not buy down mentality, weaken trading momentum. At present, there are still some devices in the industry to be overhauled, which may affect the spot price in some areas, but the market as a whole is short, so the expected response of the supply side may not be obvious.

Future forecast:

Business analysts believe that: ABS spot market overall fell in May, the price position fell below the price level in early May. The trend of raw materials is mixed. Generally speaking, it is bad for ABS cost side. At present, the ABS industry is in the off-season, and the resistance of on-site shipment is increasing. Superimposed on the external market is also bad led, it is expected that the recent ABS spot market may continue to be short.

Trade name: calcium carbide

Latest price (May 31): 4283.33 yuan / ton

On May 31, the ex factory quotation of calcium carbide in Northwest China fell by 133.34 yuan / ton, or 3.02%, compared with the quotation on May 28. The price of raw material blue carbon fell sharply, and the support of calcium carbide cost weakened. The downstream PVC market has also started to decline slightly recently, and the maintenance of devices has increased, and the downstream customers’ enthusiasm for purchasing calcium carbide has declined.

It is expected that the ex factory price of calcium carbide in Northwest China will fluctuate slightly in the future: the average price quoted by manufacturers is about 4100 yuan / ton.