According to price monitoring data from Business Society, as of January 19, 2024, the reference price for domestic n-propanol market was 7950 yuan/ton, which was basically the same as January 12, 2024. Compared with December 13, 2023 (reference price for n-propanol was 7850 yuan/ton), the price increased by 100 yuan/ton, an increase of 1.27%.

From the monitoring chart of Business Society data, it can be seen that in the recent period (1.12-1.19), the overall market situation of domestic n-propanol has been stable. Recently, the fundamentals of the n-propanol market have been relatively calm, with little adjustment in the supply and demand sides of the market. There have been no significant fluctuations in the n-propanol market, and the supply side of n-propanol has performed normally. The downstream demand side continues to purchase in demand, and the overall supply and demand transmission is normal. As of January 19th, the domestic market price of n-propanol in Shandong region is around 7400-7800 yuan/ton. The normal operation of the n-propanol plant in the Nanjing area, and the overall stable operation of the n-propanol market, with a reference price of around 8500-9000 yuan/ton for the n-propanol market. Dealers in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.

Prediction of future market trends of n-propanol

At present, the overall trading atmosphere in the domestic n-propanol market is mild, with most of the inquiries on the market being for orders that are in high demand. The n-propanol industry has a normal mentality and has a stable outlook on the future market. The n-propanol data analyst from Business Society believes that in the short term, the stability and small fluctuations in the domestic n-propanol market are the main factors, and the specific trend still needs to pay more attention to changes in supply and demand news.

Product name: Sulfur

Latest price: On January 17th, the average sulfur price in East China was 920 yuan/ton, a decrease of 1.08% compared to the previous working day’s 930 yuan/ton.

Analysis: The sulfur market in East China is experiencing a downward trend, with normal operation of on-site sulfur units and sufficient supply of market goods. However, the downstream market is weak, with low utilization of unit capacity and weak enthusiasm for sulfur procurement. The market trading atmosphere is poor, and port prices continue to decline, which has a negative impact on the spot market. The bearish sentiment on the market is obvious, and to stimulate shipments, some refineries have lowered their sulfur prices.

Market forecast: There is sufficient supply of goods on the supply side, weak downstream demand, and a clear trend of oversupply on the market. It is expected that the sulfur market will continue to be weak and consolidate in the future.

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride has slightly declined this week. The price of potassium chloride has dropped from 3005 yuan/ton at the beginning of the week to 2925 yuan/ton at the end of the week, a decrease of 2.66%, a year-on-year decrease of 24.76%. On January 15th, the potassium chloride (imported) commodity index was 92.86, unchanged from yesterday, a decrease of 46.82% from the highest point in the cycle of 174.60 points (2022-06-21), and an increase of 59.42% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to 2012-03-01 present)

2、 Market analysis

The prices of mainstream domestic potassium chloride distributors have declined this week. The arrival price of 60% white potassium in Qinghai is around 2860 yuan/ton, and the self raised price of 62% white potassium at the port is around 2650 yuan/ton. The self raised price of 60% Dahong particles at the port is around 2850 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2550 yuan/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market has slightly declined this week, dropping from 7480 yuan/ton at the beginning of the week to 7440 yuan/ton at the end of the week, a decrease of 0.53%, and a year-on-year decrease of 18.24% over the weekend. The market price of potassium nitrate has slightly declined this week, dropping from 5375 yuan/ton at the beginning of the week to 5325 yuan/ton over the weekend, a decrease of 0.93%, and a year-on-year decrease of 9.94% over the weekend. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers have weakened their demand for potassium chloride.

3、 Future Market Forecast

In mid to late January, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with rigid demand procurement being the main focus. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.

According to monitoring data from Business Society, as of January 15, 2024, the factory price reference for domestic industrial grade dimethyl carbonate was 3966 yuan/ton. Compared with January 12 (reference price for dimethyl carbonate was 4000 yuan/ton), the price decreased by 34 yuan/ton, a decrease of 0.83%; Compared with January 1st (reference price of dimethyl carbonate at 4066 yuan/ton), the price has been reduced by 100 yuan/ton, a decrease of 2.46%.

From the monitoring chart of Business Society data, it can be seen that in early January, the overall domestic dimethyl carbonate market showed a downward trend. As we enter this week, downstream demand for dimethyl carbonate continued to be weak, with poor demand side boost. Downstream demand for electrolytes and solvents was weak, and production continued to be low. The utilization rate of polycarbonate production capacity also slightly declined. Overall demand for dimethyl carbonate was insufficient, and new orders on the market were flat, with slow transmission between supply and demand, Some factories have narrowly lowered the price of dimethyl carbonate by 100 yuan/ton, and the overall focus of the dimethyl carbonate market continues to shift slightly downwards. As of January 15th, the domestic market price of dimethyl carbonate was around 3700-4100 yuan/ton, a decrease of over 2% compared to the beginning of the month.

Analysis of future market trends

At present, although the overall production capacity utilization rate of dimethyl carbonate is not high, the overall performance of the dimethyl carbonate market is still weak due to the drag of demand. The dimethyl carbonate data analyst from Business Society believes that in the short term, the domestic dimethyl carbonate market will mainly adjust in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

Price trend:

According to monitoring data from Business Society, as of January 12, 2024, the domestic primary sponge titanium market price remained stable, with mainstream prices ranging from 52000 to 55000 yuan/ton, unchanged from last week.

 
Analysis of influencing factors:

The production capacity of sponge titanium enterprises throughout the entire process has been released, and the inventory has increased. The domestic supply of sponge titanium is sufficient. Among them, Liaoning has the largest increase in production, with a growth rate of 45%. At present, there is overcapacity in sponge titanium production, and the raw material end continues to rise, resulting in high costs. Downstream titanium material market demand is weak. However, as the end of the year approaches, the stocking sentiment has improved and the inventory has eased, but the signing price remains negotiable.

Post forecast:

Business Society Sponge Titanium Analyst believes that there is not much room for price increase in the sponge titanium market next week and it will continue to operate steadily.