Product name: Sulfur

Latest price: On September 11th, the average sulfur price in East China was 1160.00 yuan/ton, a decrease of 1.42% compared to the previous working day price of 1176.67 yuan/ton.

Analysis: The domestic sulfur market is weak in consolidation, and the price range has been lowered. The operation of the sulfur refinery unit is normal, the supply of goods is stable, and the downstream phosphate fertilizer market is stabilizing. Demand is slowing down, and the on-site trading atmosphere is weakened. The mentality of the sulfur market is not good, and some refineries in Shandong are experiencing poor shipments. Over the weekend, the sulfur quotation was lowered by 40-70 yuan/ton.

Future Market Forecast: From the perspective of supply and demand performance, downstream prices are stabilizing, and support for sulfur is weakening. On the market, traders are mainly wait-and-see and actively shipping, and it is expected that the short-term sulfur market will consolidate and operate in a narrow range.

According to data monitoring by Business Society, as of September 8, 2023, the domestic market price of butanone was set at 8216 yuan/ton. Compared with September 3, 2023 (reference price of butanone was 7983 yuan/ton), the price increased by 333 yuan/ton, an increase of 2.92%.

From the data monitoring chart of Business Society, it can be seen that this week (9.3-9.8), the overall market situation of domestic butanone showed an upward trend. During the week, the raw material side of butanone was overall on the rise, and the support provided by the cost side for butanone was strengthened. The rise in the butanone market was mostly due to the trend of raw materials. Some butanone factories and suppliers increased the shipment price of butanone by about 200 to 400 yuan/ton. At present, downstream demand for butanone is cautious. As of September 8th, the domestic butanone market price is referenced around 7900-8600 yuan/ton.

Analysis of the aftermarket of butanone

At present, the increase in new orders on the butanone market is average, and downstream procurement is relatively cautious. The market situation is mostly affected by the cost side. The butanone data analyst from Business Society believes that in the short term, the domestic butanone market is mainly weak and adjusted, and the specific trend still needs to pay more attention to changes in supply and demand news.

Aluminum fluoride prices temporarily stabilized this week

According to the Commodity Market Analysis System of the Business Society, as of September 7th, the domestic quotation for aluminum fluoride was 9425 yuan/ton, which is temporarily stable compared to the price of 9425 yuan/ton on August 31st last weekend, and has increased by 0.27% compared to the price of 9400 yuan/ton on August 26th. The prices of raw materials such as fluorite and hydrofluoric acid have increased, and as the cost of raw materials has been transmitted downwards, the cost of aluminum fluoride has increased. This week, the support for the increase in aluminum fluoride has increased.

The price of raw material hydrofluoric acid has increased

According to the Commodity Market Analysis System of the Business Society, as of September 7th, the price of hydrofluoric acid was 10100 yuan/ton, an increase of 2.89% compared to the price of 9816.67 yuan/ton on August 31st. The price of raw fluorite has increased, and the cost support for hydrofluoric acid has increased; Recently, some hydrofluoric acid units have recovered, and the spot supply of hydrofluoric acid has resumed. Under the gold nine silver ten market, demand for hydrofluoric acid is expected to rebound. The prices of fluorite and sulfuric acid continue to rise, and with cost support, the price of hydrofluoric acid has increased. The support for the price increase of aluminum fluoride in the future is increasing.

Rising prices of raw material fluorite

According to the Commodity Market Analysis System of the Business Society, as of September 7th, the price of fluorite was 3193.75 yuan/ton, an increase of 0.79% compared to the price of 3168.75 yuan/ton on August 31st. The operating rate of fluorite enterprises has slowly recovered, and the spot supply has slightly increased. Under the golden nine silver ten market trend, the demand for fluorite is expected to rebound, with increased support for the rise of fluorite. Downstream enterprises will follow up as needed, and the support for the rise of aluminum fluoride will increase.

Market Overview and Forecast

Analysts from the fluoride aluminum industry at Business Society believe that the prices of hydrofluoric acid and fluorite have increased this week, leading to an increase in the cost of raw materials for fluoride aluminum. In the future, the expected rebound in demand due to rising costs, downward transmission of cost pressure, and increased support for the rise of aluminum fluoride are expected. It is expected that the price of aluminum fluoride will fluctuate and rise in the future.

According to the Commodity Market Analysis System of Business Society, the domestic aggregated MDI market has experienced a high decline. From August 30th to September 6th, the domestic aggregated MDI market price fell from 17516 yuan/ton to 17133 yuan/ton, with a price drop of 2.19% during the cycle, a month on month decrease of 1.53%, and a year-on-year increase of 12.87%. At the end of August, some manufacturers’ prices were on the high side, but the market continued to experience high transmission barriers. The overall follow-up ability of the downstream market is weak, and the buying sentiment is relatively average. Traders are gradually lowering their prices to adapt to the market.

On the supply side, the overall supply is relatively limited. The supply side is influenced by favorable factors.

On the cost side, the raw material pure benzene and international crude oil prices continue to be positive, while the domestic pure benzene market price is operating at a high level. As of September 6th, the benchmark price for pure benzene in Shangshe is 7910.50 yuan/ton. Raw material aniline: The domestic aniline market continues to rise, and as of September 6th, the benchmark price of Shangshang Society’s aniline is 11800.00 yuan/ton. The cost side of aggregated MDI is influenced by favorable factors.

On the demand side, the overall performance of the downstream market pipeline industry is average. Although the cold industry is acceptable, the overall increase is limited, and the market is slowly advancing. The demand for short-term aggregated MDI is mixed.

In the future market forecast, the supply side is positive, and downstream demand is turning to average. Business Society’s aggregated MDI analysts predict that the domestic aggregated MDI market will be mainly on a wait-and-see basis.

On September 5th, the quotation range for lead ingot 1 in the domestic spot lead market was around 16100-16250 yuan/ton, with an average price of 16175 yuan/ton, a decrease of 225 yuan/ton compared to the previous trading day.

On the evening of the 4th, Shanghai Lead led a decline of 2.3%, while in the morning, it continued its overnight trend until the end of the 5th, when the main Shanghai Lead 2310 contract closed down 2.65%. Due to the tight supply of recycled lead in the early stage, Shanghai and Shanghai lead prices have continued to rise, resulting in a large price difference between futures and cash in China, active market trading, and a significant accumulation of domestic social inventory. At present, the price of lead ingots is high, and downstream enterprises have a wait-and-see ability to receive goods. They generally maintain a rigid demand for lead ingots. Some downstream enterprises have production reduction plans in the future, lacking demand support, and it is expected that the lead ingot market will operate weakly in the short term.