1、 Price trend

According to the bulk data monitoring of business society, as of May 17, the average price of refrigerant R22 was 17500 yuan / ton, down 0.94% from the beginning of the month and up 5.42% compared with the same period last year

According to the bulk data monitoring of business society, as of May 17, the average price of refrigerant R134a was 21666.67 yuan / ton, down 4.41% from the beginning of the month and 4.13% from the same period last year

2、 Market analysis

Recently, the market of refrigerant R22 has fallen steadily, the price of raw material chloroform has fallen slightly, the cost support has weakened, and the market supply has increased. At the same time, the demand has not increased. Under various bad conditions, the price of R22 has fallen steadily. At present, the price of raw material hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 4325 yuan / ton, and the market quotation of R22 is mostly in the range of 17000-18000 yuan / ton. The quotation in Shandong is about 17000-17500 yuan / ton, that in Zhejiang is about 17000-17500 yuan / ton, that in Hunan is about 17500-18000 yuan / ton, and that in Guangzhou is about 18000 yuan / ton.

Recently, the refrigerant R134a market has continued to decline, the enterprise quotation has fallen frequently, and the focus has shifted downward. The price of raw material hydrofluoric acid fluctuated little, the price of trichloroethylene fell sharply, the cost support decreased sharply, and the market transaction was still flat, the logistics had not been fully recovered, the enterprise mainly reduced the price and arranged the warehouse, and the actual transaction was lower than the offer. Up to now, the price of raw hydrofluoric acid is about 11730 yuan / ton. The market quotation of R134a is mostly in the range of 19000-25000 yuan / ton, and the actual transaction is lower than the offer. The quotation in Zhejiang is about 19000-25000 yuan / ton, that in Hunan is about 22000-22500 yuan / ton, and that in Guangzhou is about 24000 yuan / ton.

In terms of raw materials, on May 17, the price trend of domestic hydrofluoric acid market was temporarily stable, the operation of on-site devices was stable, the supply of goods was normal, the market price of anhydrous hydrofluoric acid was stable, and the recent price of fluorite was temporarily stable, which had a certain supporting impact on the development of hydrofluoric acid market. In addition, the operating rate of downstream refrigerant industry was still at a low level, the actual demand was at a low level, and the purchase of hydrofluoric acid was limited, and the price trend of refrigerant fell recently, However, the recent operation of hydrofluoric acid unit is stable, and the market price of hydrofluoric acid is expected to be stable.

3、 Future forecast

Business community refrigerant analysts believe that at present, the downstream demand continues to be weak, coupled with public health events in many places still affecting logistics, the overall market trading is light, the short-term negative atmosphere is strong, and the refrigerant market continues to be weak.

Cobalt prices fell sharply this week

According to the data monitoring of business society, the cobalt market continued to decline this week, and the cobalt price fell sharply. As of May 16, the average price of cobalt was 510500 yuan / ton, down 5.46% from 540000 yuan / ton on May 1 at the beginning of the month; Compared with the price of 534300 yuan / ton of cobalt on May 9, it fell by 4.45%. The supply and demand of cobalt market were both weak, and the cobalt price fluctuated and fell this week.

Lithium iron phosphate seizes the market share of ternary battery

In April, the growth rate of automobile market production and sales hit a new low in recent ten years, and the production and sales of new energy vehicles decreased by 33-38% month on month. Lithium iron phosphate batteries continue to seize the market share of ternary batteries, and the installed proportion of lithium iron phosphate is gradually close to 70%. Generally speaking, the sales of ternary batteries declined, the demand of cobalt market declined, and the pressure of cobalt price decline was great.

International cobalt prices fell

As can be seen from the price list of MB cobalt, the price of MB cobalt fell on May 12, the international price of cobalt fell, and the cobalt market fell.

Market Overview

Bai Jiaxin, a data analyst at business news agency, believes that the international cobalt price has fallen, the price of cobalt salt has fallen sharply, the proportion of ternary battery market has declined, and the demand of cobalt market has declined; The supply side is relatively stable, and the downward pressure on cobalt prices is increasing. In the future, the cobalt market is just weak, the cobalt price has a large space to fall, and the demand is less than expected. It is expected that the cobalt price will fluctuate and adjust at about 500000 yuan / ton in the future.

1、 Price trend

According to the bulk list data of business society, the price of aniline was stable and small this week. On May 6, the price in Shandong was 10400-10800 yuan / ton; The price of aniline in Nanjing is 10600-10800 yuan / ton; On May 13, the price in Shandong was 10400-10800 yuan / ton; The price of aniline in Nanjing was 10600-10800 yuan / ton, which was flat compared with last week and decreased by 7.29% compared with the same period last year.

2、 Analysis and comment

On the cost side, pure benzene: in the first half of the week, the market focus of pure benzene weakened due to the sharp decline of crude oil. Affected by the impact of low-cost hydrogenated benzene in Shandong, enterprises generally take goods, and the price has fallen continuously. In the second half of the week, with the rebound of crude oil and the wide rise of Asian pure benzene, the cost support strengthened, and the center of gravity of pure benzene rebounded. Due to the decline of Sinopec’s output and the continuous decline of East China port inventory to about 97000 tons, the supply of pure benzene is expected to be tight, and the price of main refineries is rising. Shandong was supported to rise, but the increase was limited.

Nitric acid: domestic nitric acid rose by a wide margin this week. The domestic production price of nitric acid was 2466.67 yuan / ton on May 6 and 2666.67 yuan / ton on May 13. The price increased by 8.11% compared with last week and 17.65% compared with the same period last year. Boosted by the rise of raw materials, the price of nitric acid rose, and the goods sold in the market were acceptable.

Pure benzene and nitric acid in the upstream rose this week, and the cost support strengthened. During the week, a 100000 t / a aniline plant in Nanhua was shut down, and the supply in East China was reduced. Jinling and Jinmao short stop units have been restarted. The load of aniline units in Shandong is high and the market supply is loose. The downstream demand side of aniline performed poorly, mainly just in need of purchase. During the week, the market price of aniline was temporarily stable, and the industry was cautious.

3、 Future expectations

In terms of cost and pure benzene, affected by the US gold market, it is expected that the high level of pure benzene in Asia will be strong in the short term. Domestically, the arrival of pure benzene in the later stage is still small, the port inventory may continue to decline, and the price of pure benzene in East China remains relatively high. The lower reaches of Shandong Province prefer to purchase low-cost hydrogenated benzene, which drags down the pure benzene market and has a price difference with East China.

In terms of nitric acid, liquid ammonia has increased significantly, and the supply of nitric acid is tight. It is expected that the price of nitric acid will be dominated.

Although the cost side is well supported, the demand for aniline is weak and the inventory pressure of enterprises is large. Aniline may fall. The market is concerned that if the public health events in the later stage improve or drive the release of aniline demand, the price may rebound. Continue to pay attention to the trend of raw materials, downstream demand and the impact of the dynamics of aniline plant on the price of aniline.

Price trend

According to the bulk list data of business society, the domestic POM market is deadlocked this week, and the spot prices of individual brands are reduced by a narrow margin. As of May 12, the ex factory price reference offer of POM injection molding sample enterprises of business society was about 21966.66 yuan / ton, up or down – 0.30% compared with the average price level at the beginning of the month.

Cause analysis

Industrial chain: on the upstream side, the market of formaldehyde in Shandong fell this week, the market of raw methanol fell slightly, the cost support was general, the demand of downstream plate factories was flat, the shipment of formaldehyde manufacturers was not smooth, and the market fell. It is expected that the recent price of formaldehyde in Shandong will be dominated by weak decline.

The upstream formaldehyde Market weakened and POM cost side support weakened. In terms of industry load, the operating rate of domestic POM enterprises increased in early May, and the two Tianye production lines resumed work. The improvement of port arrival is limited, and the market supply is still compact. At present, the inventory pressure of enterprises is small, and there are not many low-end sources of goods. However, the downstream demand continued to be weak, and buyers were more resistant to high price sources. They were cautious in preparing goods, and the main operation was to buy on bargain hunting to maintain production. The mentality of merchants is not strong, some offers fall, and small orders are mainly taken in the venue. Domestic health incidents still affect the logistics and transportation in East China, and some demand is affected.

Future forecast

Business analysts believe that: in early May, the domestic POM market was at a high stalemate, the upstream formaldehyde Market weakened, and the cost support of POM was general. The on-site supply is slightly tight, but the load of POM industry increases. Coupled with the poor load of downstream enterprises, there is no large-scale replenishment in procurement. The market supply has been reduced, and the demand follow-up is not timely. It is expected that the POM price may be adjusted in a narrow range in the short term.

According to the price monitoring data of business agency, as of May 11, 2022, the average reference price of domestic n-propanol was 8983 yuan / ton. Compared with May 1 (the average reference price of n-propanol was 8300 yuan / ton), the average price increased by 683 yuan / ton, or 8.23%.

It can be seen from the data monitoring chart of business society that during the May Day holiday, the domestic n-propanol market operated smoothly. After the holiday, the n-propanol market ushered in a rising operation. On June and July, the domestic n-propanol market price increased by a wide range of 500-1000 yuan / ton, and the post Festival procurement performance of the downstream demand side was OK. On August and September, the n-propanol market continued to operate slightly upward as a whole. The high price of n-propanol market in Shandong broke through 8800 yuan / ton, and there was a large difference between high and low prices. As of November 11, The domestic market price in Shandong is around 8000-8800 yuan / ton, the domestic n-propanol market in Nanjing operates stably, the n-propanol device operates normally, and the market price of n-propanol is around 9500 yuan / ton. At present, the trading atmosphere of n-propanol market is mild, and the downstream demand is relatively stable. Local dealers still have reservations about the price, and the price is not easy to monitor, which may lead to differences in the specific negotiation situation. Each region also has differences. It is mainly based on actual single negotiation, and we will wait and see the change of raw material price and shipment in the future.

In terms of upstream ethylene, the external ethylene market fell as a whole. Ethylene prices in Asia fell. As of the 9th, CFR Northeast Asia closed at US $1186-1196 / ton and CFR Southeast Asia closed at US $1236-1246 / ton. European ethylene market fell. As of the 9th, FD northwest Europe closed at US $181756-1765 / ton and CIF northwest Europe closed at US $1424-1432 / ton. Ethylene analyst of chemical branch of business agency believes that international crude oil futures fell sharply. The continuous sharp decline of the stock market has affected the market mentality, and the epidemic prevention measures in Asia have exacerbated the market’s concern about the demand prospect; In addition, the oil giant Saudi Arabia lowered the official price of crude oil in Asia and Europe in June, putting short-term pressure on oil prices. The cost support is poor, so the data analysts of business society expect the external price of ethylene to fall mainly next.

Forecast of future trend of n-propanol

At present, the supply-demand transmission of n-propanol market is normal, the downstream purchases on demand, and the on-site support is OK. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market is mainly adjusted and operated in a large stable and small dynamic range, and more attention needs to be paid to the specific changes of supply-demand.

According to the monitoring data of business society: after May Day, the manufacturers stopped for maintenance, the terminal demand increased, and multiple benefits supported, and the hydrogen peroxide market rose sharply, with an increase of more than 18%. As of May 10, the average market price of hydrogen peroxide was 1156 yuan / ton, up 18.43%.

According to the weekly rise and fall of business agency from February 14 to May 8, 2022, the hydrogen peroxide market has improved as a whole since February, with a weekly increase of nearly 20% at the end of February. At the beginning of March, the hydrogen peroxide market fell one after another, with a weekly decline of more than 10%, and the subsequent rebound was weak. In April, the hydrogen peroxide market fell first and then rose, and the market improved. Since mid month, prices have risen all the way. After May Day, hydrogen peroxide continued to rise sharply, up nearly 20%.

Lido supports the rise of hydrogen peroxide Market

After May Day, the demand of hydrogen peroxide terminal industry has improved, the market has warmed up, and the price has continued to rise. The average market price has exceeded 1000 yuan / ton, and the price has increased by more than 5%. The hydrogen peroxide price of the manufacturer increased by 30-50 yuan / ton, and the market transaction was good. Hydrogen peroxide market rose one after another.

In the second week, the terminal was supported by rigid demand, some manufacturers stopped for maintenance, the supply was tight, the market quotation was chaotic, and the price once ushered in a sharp rise. On May 10, the average price of hydrogen peroxide market was close to 1200 yuan / ton, up 9.12% in a single day.

On May 10, Luxi Chemical quoted 1160 yuan / ton of hydrogen peroxide, up 140 yuan / ton from the beginning of the month; Shijiazhuang Zhengyuan hydrogen peroxide quoted 1060 yuan / ton, up 130 yuan / ton from the beginning of the month; Quansheng chemical hydrogen peroxide quoted 1250 yuan / ton, which was 70 yuan / ton higher than that at the beginning of the month.

Li Bing, hydrogen peroxide analyst of business society, believes that there is still room for the price of hydrogen peroxide to rise in the future.

According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 9000.00 yuan / ton on May 1 and 9010.00 yuan / ton on May 9, with an increase of 0.11% and 2.04% compared with March 1.

According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) in East China was 11750.00 yuan / ton on May 1 and 11816.67 yuan / ton on May 9, with an increase of 0.57% and 1.72% compared with March 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9866.67 yuan / ton on May 1 and 9850.00 yuan / ton on May 9, with a decline of 0.17% and an increase of 7.26% compared with March 1.

Most of the new prices of polyethylene in petrochemical enterprises at the beginning of the month were weak, mainly downward. After the May Day holiday, the overall fluctuation range of the domestic polyethylene spot market is small, and the three major varieties in East China are up and down. Among them, the market prices of LLDPE and LDPE are up, and the market prices of HDPE are down. During the holidays, the strengthening of international crude oil prices has brought some positive support to the market. The ex factory prices of some enterprises have tentatively increased, but the range is limited. At present, there are insufficient favorable factors in the market. Recently, some temporary parking enterprises have installed and started up, and the market supply has recovered. In terms of demand, the plastic film has entered the off-season, and the demand is expected to decrease in the later stage.

Recently, Liansu futures market mainly fell, which brought limited support to the spot market. On May 9, the opening price of polyethylene futures 2209 was 8825, the highest price was 8835, the lowest price was 8680, the closing price was 8704, the previous settlement price was 8906, the settlement price was 8748, down 202, the trading volume was 389943, the position was 274284, and the daily position was increased by 6126. (quotation unit: yuan / ton)

Although the news of the rise of international crude oil is good for the market mentality, there are obvious negative factors in the market. Recently, the market supply has increased, and the terminal demand is general. The market trading atmosphere is limited. The futures market is down, and some ex factory prices of petrochemical enterprises begin to decline. The negative market mentality is expected that the polyethylene spot market may still be down in the short term.

From April 29 to May 7, 2022, the ex factory price of hydrogenated benzene in North China decreased, from 8550 yuan / ton last weekend to 8662.5 yuan / ton this weekend, up 1.32% this week.

Price of main domestic hydrogenated benzene market from April 29 to May 7 (unit: yuan / ton)

Market, Price on April 29, Price on May 7, Rise and fall

East China, 8600～8700., 8850～8950.,+ two hundred and fifty

Shandong Province, 8300～8350., 8600～8700.,+ three hundred and twenty-five

International oil prices rose as a whole this week. On May 5, international crude oil futures continued the rise of the previous trading day and rose slightly. The settlement price of the main contract of WTI crude oil futures in the United States was US $108.26/barrel, up US $0.45 or 0.4%; The settlement price of the main contract of Brent crude oil futures was US $110.90/barrel, up US $0.76 or 0.7%. Earlier, the EU formulated a plan to gradually stop importing Russian oil, and the oil embargo triggered concerns about supply tightening. At the same time, the decline in demand caused by epidemic control measures in Asia, the strengthening of the US dollar and the downward pressure on global stock markets limited the rise of oil prices.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

March 24, 8600.,+200

April 12, 8450.,-150

April 27, 8550.,+100

April 28, 8700.,+150

May 5, 8850.,+150

May 7, 8950.,+100

Sinopec raised the ex factory price of pure benzene twice in a row during the week. On May 7, 2022, Sinopec raised the listing price of pure benzene by 100 yuan / ton, with the implementation of 8950 yuan / ton.

Other enterprises: Dongming Petrochemical offers 8650 yuan / ton, HSBC Petrochemical offers 9000 yuan / ton, Jincheng Petrochemical offers 8720 yuan / ton, Weilian chemical offers 8753 yuan / ton, Xinhai Petrochemical offers 8800 yuan / ton, and Hongrun Petrochemical offers 8900 yuan / ton.

Recently, crude oil prices have continued to rise, and the price of pure benzene in the external market has followed the rise, which is basically well supported by pure benzene. Sinopec has continuously raised the ex factory price of pure benzene to 8950 yuan / ton during the week, which once again boosted the confidence of the domestic market, and the price of local refining has increased significantly. In terms of inventory, at present, the inventory of pure benzene in East China has continuously decreased, while the inventory of some subordinate enterprises of Sinopec has tightened, and the price of pure benzene has been rising all the way with multiple positive supports, By the time of publication, the price of pure benzene in the domestic mainstream market is about 8650-9000 yuan / ton, and the price of hydrogenated benzene is rising. At present, the market price in East China has risen to about 8850-8950 yuan / ton. On the whole, at present, the fundamentals are good, the support is strong, and the downstream demand is OK, which boosts the overall trend of the industrial chain. It is expected that the market will remain stable, medium and strong in the near future. In the future, we will continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.

According to the data monitoring of business agency: after the May Day holiday, the price of industrial grade and battery grade lithium carbonate still fell. On May 6, the average price of industrial grade lithium carbonate in East China was 461000 yuan / ton, which was 0.65% lower than that at the beginning of the week (the average price of industrial grade lithium carbonate in East China was 464000 yuan / ton on May 1). On May 6, the average price of battery grade lithium carbonate in East China was 476000 yuan / ton, which was 0.83% lower than that at the beginning of the week (the average price of battery grade lithium carbonate in East China was 480000 yuan / ton on May 1).

According to the observation of market changes, the price of lithium carbonate still goes down slightly after the May Day holiday. In terms of supply, most large manufacturers still focus on long-term order delivery and less zero orders. Recently, due to the pressure of capital and shipment, some lithium salt manufacturers in the market have low transaction price and strong willingness to ship. In terms of demand, the downstream is still weak, and the price of raw materials fluctuates strongly, resulting in poor willingness to receive goods and a strong wait-and-see state in the market.

The price of lithium hydroxide in the downstream runs smoothly. With the reduction of the price of lithium carbonate, it drags the market mentality. The purchasing atmosphere of lithium hydroxide abroad is active and the market is strong. Domestic downstream demand is reduced, purchasing enthusiasm is weakened, and the wait-and-see mentality is strong.

The price of lithium iron phosphate in the downstream remained stable. Under the influence of the epidemic, the current spot demand in the terminal fell, the industrial inventory level was high, and the downward price of raw materials led to the low willingness of the downstream to receive goods, and the price of lithium iron was under pressure. The market inquiry has warmed up slightly, but the market is still light on the whole.

The lithium carbonate analyst of business society believes that with the end of the holiday, the downstream market may open the idea of reserve mining or a little zero order replenishment, and the transaction activity may be improved. However, at present, the market price continues to decline, resulting in strong wait-and-see sentiment in the market. When the supply exceeds the demand, it is expected that the short-term lithium carbonate price is still weak.

The domestic bisphenol a market is stable in the middle and down, the factory offer is stable, and the supply circulation speed is slow under Logistics resistance. According to the monitoring data of business agency, the national market was quoted at 16772 yuan / ton on April 22, and fell to 16650 yuan / ton on April 29, down 1.26% in the week.

From the raw material side, the phenol market fluctuated during the week, and the market in East China negotiated to 10250-10500 yuan / ton. Although the surrounding ports are supplemented, the port inventory fluctuates little. Near the end of the month, the domestic contract goods are near the end, the supply pressure is lower than that in the early stage, and the cargo holders have no shipping pressure. In addition, the downstream factories make appropriate replenishment before the festival, the on-site offer is firm and the focus is higher.

Zhejiang Petrochemical auctioned twice in the week. The first-class products and excellent products were sold at 14750 and 14800 yuan / ton on Monday, 100 yuan / ton on Thursday and 14600 and 14700 yuan / ton on Thursday. The overall operating rate of zhoufen bisphenol A is 80%, with little change. Only Changchun chemical industry has dropped from 405000 tons / year to 80%.

The inventory consumption of downstream epoxy resin and PC end in the middle and early days is slow. With the obstruction of domestic logistics and the difficulty of downstream replenishment, it is mainly to digest the inventory after replenishment in the early days. At this time, the supply of bisphenol A is also in a tight situation. Under the stimulation of increased demand and no pressure and good supply, the overall market is stable.

From the perspective of business community, bisphenol A started stably at the end of April, and the overall supply is OK. With the improvement of logistics, the operating rate of downstream epoxy resin and PC terminal is increased, and the demand is expected to improve. Bisphenol a cargo holders are tight in supply and reluctant to sell. In the short term, there are goods preparation before the festival, and the bisphenol a market is running strongly. It is expected that the recovery of national health events will depend on after the festival.