1、 Price trend

According to the data monitoring of business agency, zinc market rose in shock this week, and zinc price rose for several consecutive days. As of March 30, the spot price of zinc was 15346.67 yuan / ton, up 3.83% from 14780.00 yuan / ton at the beginning of the week. Zinc market demand recovered and zinc price rose in shock.

2、 Market trend analysis

The average operating rate of industrial enterprises is 98.6%

On March 30, Xin Guobin, Vice Minister of the Ministry of industry and information technology, said at the press conference of the joint defense and joint control mechanism of the State Council that the current resumption of manufacturing industry shows an orderly and positive trend. As of March 28, the average operating rate of Industrial Enterprises above Designated Size in China was 98.6%, and the average return rate of personnel was 89.9%. The return rate of small and medium-sized enterprises has reached 76%. Since March, the average daily increase has been about 1 percentage point, and the pace of construction has accelerated significantly. Manufacturing enterprises started to increase and demand for zinc recovered. Zinc price is expected to rise in the future.

The trend of international zinc price is fluctuating and picking up

From last week’s LME zinc price trend chart, we can see that zinc price rose in shock this week. Zinc city has recovered, which is good for domestic zinc city. Zinc market in the future has a certain upward momentum.

Zinc stocks down this week

Time: inventory increase / decrease of this week

Subtotal futures subtotal futures

3.23-3.27 160006 89002 -8319 -5008

3.16-3.20 168325 94010 -1586 7125

3.9-3.13 169911 86885 7509 -1202

3.2-3.6 162402 88087 2391 1999

As can be seen from the figure, the stock of zinc ingots in Shanghai futures market decreased this week, and the demand of zinc market increased. Zinc market demand has gradually recovered from cold transaction. It has a positive impact on zinc market.

3、 Future prospects

Bai Jiaxin, an analyst of business club, believes that: in the near future, downstream enterprises have resumed the increase of construction, the demand for zinc ingots has picked up, the zinc market has picked up, and the zinc price has the momentum to rise. However, due to the high cost of zinc processing, the supply of zinc ingots is sufficient, and the power of zinc price rise is insufficient. Generally speaking, zinc market demand has recovered in the near future, and zinc price has risen in shock. It is expected that the zinc market will pick up in the future, and the zinc price will have a certain upward momentum.

1、 Price data:

According to the data monitoring of the business club’s bulk list, the domestic bromine market was weak and stable in March. The average price of bromine at the beginning of the month was about 30277 yuan / ton, and the average price at the end of the month was about 300 million yuan / ton, down 14.17% compared with the same period last year.

2、 Cause analysis

Product: in this month, the domestic bromine market is generally weak and stable, the start-up of enterprises is slow, and the spot market supply is tight. However, due to the poor demand of downstream flame retardant and bromine market, and the market has not shown any obvious signs of improvement, the bromine price has not fluctuated greatly, and the overall market supply and demand are still weak. At present, the mainstream enterprises offer about 29000-30000 yuan / ton.

Industry chain: the upstream market of bromine in China is up and down in different ways this month, with sulfur rising by 17.02%, at present about 653 yuan / ton; sulfuric acid rising by 5.28, at present 323 yuan / ton left; caustic soda falling by 13.94%, at present 542 yuan / ton; soda ash market surging by 1.66%, at present about 1580 yuan / ton. The main downstream flame retardants and bromides of bromine have a low market operating rate, which makes it difficult to have a good support for the demand for bromine. In the recovery of the start-up of pharmaceutical and agricultural intermediates and other industries, the overall rigid demand is weak and the support for bromine price is insufficient.

3、 Future forecast

According to the bromine industry analysts of business association, at present, the supply and demand of bromine market in China are weak, and there is no obvious improvement in the short term. With the depletion of market inventory, the bromine price will remain stable, and the future market still needs to pay attention to the development of the epidemic situation.

According to the data monitored by the business association, as of March 26, the ex factory price of rubber grade and high-quality silica was 4600.00 yuan / ton, and the market price of silica in China was relatively stable.

market analysis

Products: the market price of white carbon black is stable, the manufacturers keep watching, and the main price range is 4500 yuan / ton. Recently, in the white carbon black market, the market turnover is weak, the manufacturers sell generally, the inventory is not much, and the manufacturers mainly sell goods.

Industry chain: the domestic hydrochloric acid market price continues to maintain a stable trend. The continuous rise of the liquid chlorine price in North China has little impact on the local hydrochloric acid market, while the price adjustment in other domestic markets is relatively slow due to many downstream surrounding customers.

Industry: on March 25, the chemical industry index was 647, down 4 points from yesterday, 36.32% from 1016 (2012-03-13), and 7.83% from 600, the lowest point on January 31, 2016. (Note: cycle refers to 2011-12-01 to now)

Forecast for future market

White carbon black analysts believe that: in the short term, white carbon black will continue to maintain a stable trend. (the above prices are provided by the major manufacturers of silica all over the country and analyzed by the business silica analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)

1、 Price trend

According to the data in the business club’s large list, the domestic market price of isomeric xylene fell sharply this week. As of Friday, the domestic average price was about 3830 yuan / ton, down 12.36% month on week.

2、 Analysis and comment

1. Products: The overseas epidemic continues to spread, worrying about the shrinking demand for crude oil due to the economic recession, and adding OPEC + production increase expectations. Affected by this, the price of international crude oil fell sharply this week, as well as the price of xylene in the South Korean market, the main source of imports. Although domestic enterprises gradually enter the resumption period and the market demand gradually improves, the price of domestic isomeric xylene still follows the decline. At present, in East China The main price is about 4000 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, the international oil price fell sharply at the beginning of this week and maintained a wide and volatile trend. As of Friday, Brent futures fell by 17.30%, Brent futures by 14.92%, WTI futures by 23.78% and Dubai futures by 8.30%.

Downstream, in PX market, the price of domestic Sinopec’s enterprises this week is about 5500 yuan / ton, and the latest price on the outside market is about 514 US dollars / ton for FOB South Korea and 532 US dollars / ton for CFR China. It is expected that PX market price will gradually stabilize and fluctuate next week. In terms of PTA market, the spot market price of PTA in China is about 3520 yuan / ton, and the external market price is about 467 US dollars / ton CFR China. It is expected that PTA prices will remain weak next week. In the ox market, Sinopec’s offer of ortho benzene fell, with the price at 4600 yuan / ton. The external price of ortho benzene is about 520 US dollars / ton fob in South Korea. It is expected that ortho benzene will gradually stabilize next week.

3、 Future forecast

According to xylene analyst of business and chemical branch, we will continue to focus on the news of OPEC + production reduction agreement next week, worries about global economic recession due to the continuous spread of overseas epidemic, international crude oil trend and the progress of downstream enterprises’ resumption of work. On the whole, it is expected that xylene prices in the international crude oil market and South Korean market will gradually stabilize next week, adding that domestic enterprises will gradually enter the resumption period, and market demand will gradually improve. It is expected that xylene prices in the domestic market will stabilize and fluctuate next week. However, in the environment of high inventory of xylene industry and unsmooth industrial chain recovery, it is not optimistic to expect the rebound range.

1、 Price trend

According to the data monitoring of the business agency, as of March 23, based on the quotations of several sample enterprises, at present, the average ex factory price of the domestic butanone market is about 7000-7400 yuan / ton.

2、 Market analysis

Product: last week, the butanone market was weak and fell. At present, the domestic butanone market is still weak and dominated. The transaction remains cold. There are not many real orders. The industry is bearish. The factory inventory is further accumulated. The traders’ quotation is expected to continue to fall. At present, the market in East China is temporarily stable. The factory quotation of Shandong Dongming pear chemical butanone is 7400 yuan / ton (purified water) ）, the price is the same as last weekend; North China is in weak operation, and the market reference offer is around 7050-7300 yuan / ton; South China’s butanone market is down, and the current reference offer is around 7000-7200 yuan / ton; Ningbo’s butanone market is down, and the reference offer is around 7200-7400 yuan / ton; Jiangsu’s butanone market is down, and the market reference price is around 7100-7250 yuan / ton.

Industrial chain: affected by the decline of international crude oil, the civil market of liquefied gas followed the decline trend. Last week, the decline started to widen. On March 15, the average price of domestic liquefied gas market was 3466.67 yuan / ton, and on March 19, the average price was 2750 yuan / ton. On March 19, the daily decline was as high as 10.33%, and the weekly price fell by 20.67%, 29.97% lower than the same period last year. Most of the civil gas market in Shandong fell below the 3000 yuan mark, and most of the civil gas market in other parts of the country was on the edge of 3000 yuan. At present, the market supply has increased compared with the previous stage, but the load reduction production is more, the terminal market is not fully opened, and the demand is limited, and the market is still in a situation of supply exceeding demand. The downstream market sentiment is not high, and the attitude of “buying up, not buying down” is more wait-and-see. The manufacturer’s shipment is not smooth, the inventory pressure is large, and the price drops broadly.

3、 Future forecast

According to the analysis of the data analyst of the business association, at present, with the crude oil market plummeting, the raw materials in the upstream of butanone are at a low level, and it is expected that the weak trend of the recent butanone market will not change.