Category Archives: Uncategorized

Fuel oil 180CST price fell slightly this week (7.11-7.17)

As of July 17, the average price of domestic fuel oil 180CST was 6556.00 yuan / ton (including tax), down 0.30% from 6576.00 yuan / ton on July 11, according to the data of business news agency.

 

Gamma Polyglutamic acid Cosmetic

On July 17, the fuel oil commodity index was 132.78, unchanged from yesterday, down 2.15% from the highest point 135.70 in the cycle (2022-06-21), and up 188.15% from the lowest point 46.08 on August 15, 2016. (Note: the period refers to 2011-09-01 to now)

 

The international crude oil price fell, and the cost support of ship fuel market was limited. According to the business news agency, as of July 17, the quotation of 180CST self extracting low sulfur fuel oil in Zhoushan area of zhongran was 6650 yuan / ton, and the quotation of 120cst self extracting low sulfur fuel oil was 6750 yuan / ton; The quotation of 180CST self extracting low sulfur fuel oil in Shanghai is 6500 yuan / ton, and the quotation of 120cst self extracting low sulfur fuel oil is 6600 yuan / ton.

 

The international crude oil price fell, and the market was mainly affected by the strengthening of the US dollar. The expectation of the Federal Reserve to raise interest rates increased the risk of economic recession; Superimposed on the repeated outbreaks in Asia, the possible blockade measures will suppress demand.

 

Gamma Polyglutamic Acid

Singapore’s fuel oil inventory decreased, supporting fuel oil prices. It is understood that Singapore enterprise development authority (ESG): as of the week of July 13, Singapore’s fuel oil storage fell by 587000 barrels to a two-week low of 20.821 million barrels. Singapore’s light distillate stocks fell 1.681 million barrels to a two-week low of 15.158 million barrels. Singapore’s medium distillate stocks fell by 52000 barrels to a five week low of 7.619 million barrels.

 

Aftermarket forecast: the domestic ship fuel market has a strong wait-and-see mood, the downstream receiving mentality is cautious, the market terminal demand is less, the transaction is light, the rigid demand is dominant, and the ship fuel market price is slightly downward. At present, the low sulfur market price of fuel oil 180CST is about 6500 yuan / ton, and the low sulfur market price of fuel oil 120cst is about 6600 yuan / ton, which is a single discussion. It is expected that the fuel oil 180CST market may be dominated by weakness in the near future.

http://www.gammapolyglutamicacid.com

The price of domestic hydrochloric acid fell by 12.82% this week (7.9-7.15)

Recent price trend of hydrochloric acid

 

gamma polyglutamic acid agriculture grade

As can be seen from the above figure, the domestic hydrochloric acid price fell slightly this week, and the average market price fell from 260.00 yuan / ton last weekend to 226.67 yuan / ton this weekend, a decrease of 12.82%. Compared with the same period last year, it fell by 1.45% year-on-year. On July 15, the hydrochloric acid commodity index was 59.65, unchanged from yesterday, down 56.74% from the highest point 137.89 in the cycle (2021-10-26), and up 231.76% from the lowest point 17.98 on September 5, 2012. (Note: the period refers to 2011-09-01 to now)

 

The upstream support is weakened, and the downstream procurement is general

 

Judging from the manufacturer’s quotation, the domestic hydrochloric acid market price fell slightly this week. Dongming Petrochemical hydrochloric acid quoted 250 yuan / ton this weekend, which was temporarily stable compared with last weekend. Wen Shui synthetic hydrochloric acid is quoted at 180 yuan / ton this weekend, which is temporarily stable compared with last weekend; Liaocheng Huatong hydrochloric acid quoted 150 yuan / ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San’an hydrochloric acid quoted 350 yuan / ton this weekend, down 100 yuan / ton compared with last weekend.

 

Gamma Polyglutamic Acid

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market is low, and the cost support is insufficient. The market price of downstream polyaluminum chloride fell slightly, from about 2230.00 yuan / ton at the end of last week to 2210.00 yuan / ton at the end of this week, down 0.90%, up 28.24% year-on-year compared with the same period last year; The market price of ammonium chloride fell slightly, from 1540.00 yuan / ton last weekend to 1472.50 yuan / ton this weekend, a decrease of 4.38%. On the whole, the upstream support is insufficient, and the enthusiasm of downstream procurement is weakened.

 

Aftermarket forecast

 

In the middle and late July, the market price of hydrochloric acid may fall in a narrow range. The market of upstream liquid chlorine has been adjusted at a low level recently, and the cost support is insufficient. The market prices of downstream polyaluminum chloride and ammonium chloride have declined slightly, and the downstream purchase intention is general. Business analysts believe that hydrochloric acid has suffered a slight shock and decline recently.

http://www.gammapolyglutamicacid.com

NBR market continued to fall in early July

In the first ten days of July, the market situation of nitrile rubber continued to be weak. According to the monitoring of business community, the price of nitrile rubber was 19025 yuan / ton as of July 10, down 2.44% from 19500 yuan / ton on July 1.

 

Gamma Polyglutamic acid Gamma PGA

Since July, Lanzhou Petrochemical’s 100000 t / a nitrile rubber plant has been operating normally, and the start-up of nitrile rubber industry has increased slightly compared with the previous period. Except for some brands, the supply of nitrile rubber in the market is still relatively sufficient.

 

In the first ten days of July, the prices of butadiene and acrylonitrile fell, and the cost side weakened. According to the monitoring of business news agency, as of July 10, the price of butadiene was 10184 yuan / ton, down 2.09% from 10402 yuan / ton on July 1; As of July 10, the price of acrylonitrile was 10700 yuan / ton, down 1.47% from 10860 on July 1.

 

Gamma Polyglutamic Acid

The downstream operation of nitrile rubber continued to be low, and the demand side was weak. According to the business agency, the downstream insulation foaming, rubber hose and other industries started in the vicinity of 50-60%, and more on-demand procurement, NBR market fell slightly.

 

Aftermarket forecast: NBR analysts of business society believe that at present, the supply and demand of NBR are deadlocked, and the international crude oil price is lower again. It is expected that the NBR market will be in a weak consolidation state in the short term.

http://www.gammapolyglutamicacid.com

Domestic industrial lithium hydroxide market price is stable (7.5-7.13)

As of July 13, the average price of domestic industrial lithium hydroxide enterprises was 473333.34 yuan / ton, the same as that of last Tuesday (July 5), and the same as that of June 13, with a year-on-year decrease of 1.11% in a three-month cycle, according to the bulk list data of business agency.

 

Gamma Polyglutamic acid food grade

Recently (7.5-7.13), the domestic industrial lithium hydroxide Market has operated stably. Recently, the price of upstream lithium carbonate has been stable, the cost has a certain support, the supply side has not changed much, and the demand side has warmed up, but the market transaction atmosphere is relatively light, and the domestic industrial lithium hydroxide Market negotiation focus is stable.

 

Gamma Polyglutamic Acid

The price of lithium carbonate in the upstream has been stable recently. According to the bulk list data of business society, the reference price of lithium carbonate was 459000.00 on July 12, unchanged from July 1.

 

The lithium hydroxide analyst of business club believes that at present, the cost side support still exists, and the market transaction atmosphere is flat. It is expected that in the short term, the domestic industrial lithium hydroxide market price may be stable, and more attention should be paid to the market news guidance.

http://www.gammapolyglutamicacid.com

Cyclohexanone market is finishing at a low level

According to the monitoring data of business agency, from July 4 to 11, the average market price of cyclohexanone in China fell from 11100 yuan / ton to 10960 yuan / ton, a decrease of 1.26% in the week, and the price fell by 8.28% month on month, up 2.43% year on year.

 

gamma polyglutamic acid fertiliser(fertilizer) grade

This week, the domestic cyclohexanone market was depressed, the raw material pure benzene market was weak and fell, and the cost of cyclohexanone was lack of support. In the cyclohexanone market, the overall supply and demand are weak, and the downstream is more rigid, which needs to be followed up.

 

Summary of domestic cyclohexanone market as of July 11:

 

region ., Price

East China, 11300-11400 yuan / ton cash delivery

South China, 11450-11550 yuan / ton cash delivery

Shandong region, 11000-11100 yuan / ton cash delivery

Raw material pure benzene: the price of pure benzene fluctuated and fell. The main factor causing the price decline is the cost caused by the deep decline of crude oil and the collapse of macro psychological support.

 

Gamma Polyglutamic Acid

Downstream caprolactam: the spot price of caprolactam has increased slightly. Recently, the burden of caprolactam devices has been reduced and more maintenance has been carried out, the supply has been reduced, and the caprolactam enterprises have suffered serious losses.

 

Pure benzene fluctuates at a high level, and the cost side is generally supported. Downstream demand has not improved significantly for the time being. Cyclohexanone enterprises are at a loss and the supply is relatively small. Cyclohexanone analysts of business agency predict that the short-term cyclohexanone market is dominated by stalemate and consolidation.

http://www.gammapolyglutamicacid.com

Low demand, DOTP prices fell this week

DOTP prices fell sharply this week

 

Gamma Polyglutamic acid Cosmetic

According to the data monitoring of business agency, the price of DOTP fell this week, and the market of DOTP fell. As of July 11, the price of DOTP was 9287.50 yuan / ton, down 5.23% from 9800 yuan / ton on July 1 at the beginning of the month. The price of DOTP fell sharply this week, setting a new low for the year.

 

The price of isooctanol fell sharply this week

 

According to the price monitoring of business agency, the price of isooctanol fell sharply this week, and the market of isooctanol fell. As of July 11, the price of isooctanol was 8333.33 yuan / ton, down 6.37% from 8900 yuan / ton on July 1 at the beginning of the month. This week, the price of isooctanol fell sharply, the cost of DOTP fell, and the downward pressure on the DOTP market increased.

 

PTA price fluctuation adjustment this week

 

Gamma Polyglutamic Acid

According to the price monitoring of business agency, PTA price fluctuated and adjusted this week, and the high crude oil price fluctuated and adjusted. PTA market fluctuated and warmed up. As of July 11, PTA price was 6685 yuan / ton, up 1.15% from the PTA price of 6609.25 yuan / ton on July 1 at the beginning of the month. The high crude oil price fluctuated and adjusted, the PTA price fluctuated and warmed up, the cost pressure of DOTP weakened, and the positive momentum of DOTP remained under great downward pressure.

 

Aftermarket expectations

 

According to DOTP data analysts of business agency, the high crude oil price was adjusted by shock this week, PTA prices recovered by a slight shock, isooctanol prices fell sharply in the off-season demand, DOTP costs fell, and the upward momentum of DOTP remained under increasing downward pressure. In the future, the decline in the cost of DOTP raw materials accumulated in the off-season of the market, and the downward pressure on DOTP increased. It is expected that the price of DOTP will fluctuate and fall in the future.

http://www.gammapolyglutamicacid.com

Weak demand, PVC prices continued to fall this week (7.1-7.8)

1、 Price trend

 

gamma polyglutamic acid agriculture grade

According to the data monitored by the business agency, the price of PVC carbide SG5 fell this week. The average price of domestic PVC was 7348.75 yuan / ton last Friday and 6850 yuan / ton this Friday. The price fell by 6.79% during the week.

 

2、 Market analysis

 

The domestic spot market of PVC continued to decline this week. Futures prices fell today, dampening sentiment in the spot market. The wait-and-see mood of downstream enterprises and traders is obvious, downstream procurement is cautious, orders are mainly received on demand, and the delivery and transaction of PVC spot market is general. Up to now, the quotation range of domestic pvc5 electric stone is mostly around 6450-7100 yuan / ton.

 

In terms of international crude oil, the price of international crude oil futures plummeted on July 5. The settlement price of the main contract of WTI crude oil futures in the United States was $99.50 / barrel, down $8.93 or 8.2%;, The settlement price of the main contract of Brent crude oil futures was $102.77 / barrel, down $10.73 or 9.5%. Oil prices recorded the largest one-day decline since March, with Brent down nearly 10%, mainly due to the rising market concerns about the global economic recession, pressure on the commodity sector, and bearish energy commodities such as crude oil. Taking into consideration, under the premise of tight supply and demand, the driving force of sharp decline is not very strong, but the oil market may intensify the shock in the future, the amplitude will increase, and the market risk will also increase.

 

Gamma Polyglutamic Acid

In terms of calcium carbide, on July 8, the average price of calcium carbide was 3850 yuan / ton, an increase of 1.32% compared with the average price of 3800 yuan / ton on July 1. The factory prices of calcium carbide manufacturers were mostly stable this week, and the prices of some enterprises rose. The price of blue carbon in the upstream fell slightly, the cost support weakened, the PVC market in the downstream fell slightly, and the demand for calcium carbide weakened. It is expected that in the short term, the price of calcium carbide in Northwest China will temporarily stabilize and consolidate.

 

3、 Aftermarket forecast

 

PVC analysts of business agency believe that the spot price of PVC fell this week. At present, the demand of PVC spot market is light. Downstream procurement is cautious, mainly receiving orders on demand, and the transaction atmosphere is general. Futures prices fell today, dampening sentiment in the spot market. It is expected that the PVC market will operate weakly and stably in the short term.

http://www.gammapolyglutamicacid.com

The price of precious metals continued to move down in July

Summary of precious metal spot price trend

 

Gamma Polyglutamic acid Gamma PGA

According to the data of business agency, the average price of silver market in early trading on July 7 was 4191.67 yuan / kg, down 4.55% from the average price of 4391.67 yuan / kg in the spot market at the beginning of the month (July 1); Compared with the spot market price at the beginning of the year (January 1), the average price in early trading was 4770 yuan / kg, a decrease of 12.12%.

 

On July 7, the spot market price of gold was 377.02 yuan / g, a daily decrease of 2.16%, which was 3.41% lower than the average early market price of 395.54 yuan / g at the beginning of the month (July 1); Compared with the spot market price at the beginning of the year (January 1), the average price in early trading was 372.37 yuan / kg, an increase of 1.25%.

 

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

 

In the long term, the price trend of precious metals has a good convergence, the long-term trend is basically the same, and the amplitude is slightly different.

 

Price trend of precious metals and crude oil

 

Policy Overview

 

1. Domestic news

 

The central bank today conducted a 7-day reverse repurchase operation of 3 billion yuan, with the bid winning interest rate of 2.10%, unchanged from the previous period. As 80billion yuan of reverse repo expired today, 77billion yuan of net withdrawal was achieved on that day.

 

At the end of June, China’s gold reserves were reported at US $113.8 billion; China’s foreign exchange reserves in June were 3071.27 billion US dollars, expected to be 3113 billion US dollars, with a previous value of 3127.78 billion US dollars, a decrease of 56.51 billion US dollars month on month.

 

Gamma Polyglutamic Acid

2. International news

 

The Federal Reserve released the minutes of the meeting. Among them, most officials of the Federal Reserve believe that the growth risk tends to be downward, and it may take some time to reduce the inflation rate to 2%. If inflation continues, the Fed believes that a “more restrictive” level of interest rates is possible. Fed officials believe that the FOMC meeting in July will raise interest rates by 50 basis points or 75 basis points, and expect economic growth to rebound in the second quarter.

 

The Russian State Duma (the lower house of parliament) passed a bill stipulating that information about the size of Russia’s gold and foreign exchange reserves should be classified as state secrets. In addition, in order to reduce foreign currency deposits in banks, Russia allows banks to implement negative interest rates on foreign currency deposits of legal entities.

 

Aftermarket forecast

 

In terms of international policy, the expectation that some central banks in the world will significantly raise interest rates and the monetary policy of major central banks as a whole will be tightened is intensifying. In particular, the Federal Reserve will control inflation by raising interest rates, and the price of interest-free asset precious metals is under pressure. Precious metal prices are expected to remain weak and volatile in the short term.

http://www.gammapolyglutamicacid.com

Inventories are temporarily controllable, and the propane market rebounded slightly at the beginning of the month

At the beginning of July, the domestic propane market rose steadily, and the Shandong market rebounded slightly. According to the monitoring data of business agency, the average price of propane in Shandong market was 6025.75 yuan / ton on July 1 and 6050.75 yuan / ton on July 6, with an increase of 0.41% during the period and 25.06% over the same period last year.

 

Gamma Polyglutamic acid food grade

As of July 6, the mainstream prices of propane in different regions in China are as follows:

Region, July 6th

South China, 5700-5850 yuan / ton

North China, 3000-6150 yuan / ton

Shandong region, 5950-6100 yuan / ton

Northeast China, 6100-6250 yuan / ton

At the beginning of the month, the domestic propane market remained stable on the whole, and the propane Market in Shandong increased by a narrow margin. With the introduction of CP price in July, propylene and butane fell, but the decline was less than expected, which brought relative support to the domestic market. In addition, the price of international crude oil market rose, which was good for the market mentality in terms of cost. The downstream market entry enthusiasm is mild, and the market trading atmosphere is acceptable. At present, the upstream inventory of Shandong market is mostly in a controllable state, and most manufacturers are mainly supporting prices.

 

Gamma Polyglutamic Acid

Saudi Aramco announced in July 2022 that both propylene and butane fell. Propane was $725 / ton, down $25 / ton from the previous month; Butane was $725 / ton, down $25 / ton from the previous month.

 

At present, the market price of propane in Shandong is mostly around 6000 yuan / ton, the upstream inventory is temporarily pressureless, and the downstream market entry atmosphere is slightly improved. However, with the sharp decline of international crude oil, the bad market mentality on the news side has significantly restrained the rebound market. In addition, there is no improvement in terminal demand. It is expected that the price of propane market may weaken in the short term.

http://www.gammapolyglutamicacid.com

The lithium hydroxide market rose in the first half of 2022

According to the bulk list data of business news agency, the average price of domestic industrial lithium hydroxide enterprises was 216666.67 yuan / ton on January 1, 2022. As of June 30, the average price of domestic industrial lithium hydroxide enterprises was 473333.34 yuan / ton, and the market rose 118.46% in half a year.

 

gamma polyglutamic acid fertiliser(fertilizer) grade

In the first quarter, the domestic industrial lithium hydroxide market rose steadily, with a quarterly increase of 120.92%. In January, the price of raw material spodumene was high, the price of lithium carbonate kept rising, and lithium hydroxide actively followed the rise of raw materials. The superposition of supply and demand performed well, and the market operated strongly. In February, the cost support was still strong, the overall operating rate of the market was about 60%, the supply side was tight, the enthusiasm of downstream inquiry and procurement was ok, and the lithium hydroxide market continued to rise. In March, the price of raw materials was high, and the demand for lithium hydroxide from downstream high nickel manufacturers increased. The price of lithium hydroxide rose steadily. At the end of the month, the pace of market trading was slightly slower, and the wait-and-see atmosphere was strong.

 

In the second quarter, the domestic industrial lithium hydroxide market first fell and then rose, with a quarterly decline of 1.11%. In April, the upstream lithium carbonate Market weakened, some manufacturers released new capacity, the overall supply increment, the domestic downstream spot purchase demand slowed down, and the performance of high nickel was poor. Due to the downward impact of lithium carbonate price and slightly weak demand, the high level of domestic industrial lithium hydroxide Market loosened and the price fell slightly. In May, the foreign lithium hydroxide market price was relatively strong, the domestic market demand side was light, and the market was weak and stable. In the second half of the month, with the price of upstream lithium carbonate rising slightly, the cost side support increased, the supply increased slightly, and the construction of downstream high nickel material plants recovered slightly, but the market purchasing mentality was cautious. In June, the price of lithium carbonate in the upstream increased slightly, which raised the support for the lithium hydroxide Market, increased the market supply, slightly increased the enthusiasm of inquiry in the downstream, and the market rose steadily. In the late ten days, there was little demand for high nickel, the enthusiasm of market inquiry and procurement weakened, the market transaction atmosphere was flat, and the price of lithium hydroxide operated stably.

 

Gamma Polyglutamic Acid

The price of lithium carbonate in the upstream increased steadily after stabilizing in June 2022 according to the price monitoring of the business community. On June 30, the average price of industrial grade lithium carbonate in East China was 459000 yuan / ton, which was 1.77% higher than that at the beginning of the month (the average price of industrial carbon in East China was 451000 yuan / ton on June 1). On June 30, the average price of battery grade lithium carbonate in East China was 478000 yuan / ton, up 1.49% from the average price at the beginning of the month (June 1, the average price of carbon in East China was 471000 yuan / ton).

 

The lithium hydroxide analyst of business club believes that in July, the cost side support is still there, the enthusiasm of downstream procurement is general, and the market transaction is just in need. It is expected that in the short term, the domestic industrial lithium hydroxide market may be stable, and the specific trend needs to pay more attention to the guidance of market news.

http://www.gammapolyglutamicacid.com