Category Archives: Uncategorized

November 9: Shandong urea price rose 0.19%

Trade name: urea

 

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Latest price (November 9): 1796.67 yuan / ton

 

The factory price of urea in Shandong Province rose on November 9, 3.34 yuan / ton, or 0.19% higher than that on November 6. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has been followed up, appropriate procurement, industrial demand is in line with the market, mainly follow-up on bargain hunting, and some goods sources continue to gather in port. In terms of supply, some enterprises limited production and equipment maintenance, and local spot shortage.

 

It is expected that the short-term urea market will rise slightly in the future: the average price quoted by manufacturers is about 1800 yuan / ton.

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The market of phosphate ore keeps stable in November

According to the business agency data monitoring, as of November 6, the reference average price of 30% grade phosphate ore in domestic mainstream areas was around 386.67 yuan / ton, which was basically the same as a week ago. Compared with October 1, the average price was increased by 10 yuan / ton, or 2.65%.

 

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In November, the domestic phosphate ore market has been operating steadily as a whole

 

In November, China’s phosphate ore market continues to maintain a stable trend. Mining enterprises mainly deal with early orders, while new orders increase little. It is heard that some mining enterprises have the intention to increase the ex factory quotation of phosphate rock recently, but the actual order follow-up is slow, so it has not really been implemented. At present, as of November 6, the quotation of 30% ammonium phosphate ore ship plate in Hubei Province is 360-400 yuan / ton. The quotation of 30% grade phosphate ore car plate in Guizhou Province is 300-360 yuan / ton, and that of 28% grade phosphate ore is 280-320 yuan / ton. The price of 28% grade phosphate ore in Yunnan is about 270-290 yuan / ton. The quotation of 30% grade phosphate ore car plate in Guangxi is 300-360 yuan / ton, and that of 28% grade phosphate ore is 280-320 yuan / ton.

 

On the downstream side, the yellow phosphorus market is mainly sorted, and some transactions are slightly closer to the high-end. At present, the reference transaction price of Yunnan Net phosphorus factory acceptance is 15900-16000 yuan / ton. Phosphoric acid market to maintain a stable situation, supply orders to old customers.

 

Trading atmosphere is light, short-term phosphate rock market is weak and stable

 

At present, the phosphate ore market is running stably, and the atmosphere of on-site inquiry is still relatively light. Therefore, the phosphorus ore Data Engineer of the business society believes that the overall weak and stable operation of China’s phosphate ore market is expected to be dominated in the short term. It is not ruled out that in order to stimulate the market, mining enterprises in some regions will slightly increase the ex factory price of phosphate ore.

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Antimony ingot price rises by 4.94% in October 2020

In October 2020, the domestic market price of 1 ᦇ antimony ingot will be raised for three rounds. The average price of domestic market will be 40500 yuan / ton at the beginning of the month and 42500 yuan / ton at the end of the month, with an increase of 4.94%.

 

Gamma Polyglutamic Acid

On October 29, the antimony commodity index was 59.16, unchanged with yesterday, down 42.18% from 102.32 (2012-10-16), and 25.93% higher than 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

 

This month, antimony products continued the upward trend before the festival. The import of foreign ore end is still less, domestic raw materials are tight, and the price of ore end is high. The cost pressure of antimony products is relatively high. Domestic manufacturers mainly support the price. In addition, the environmental protection and production restriction in the surrounding areas of the main production areas have affected domestic production to a certain extent, and the supply of antimony ingots is slightly tense. Double positive blessing, antimony ingot market price went up. This month, after four rounds of increase, the cumulative increase of 2000 yuan / ton. As of 30 days, the average domestic market price of 2 ᦇ low bismuth antimony ingot is 41750 yuan / ton, 1 ᦇ antimony ingot is 42250 yuan / ton, 0 ᦇ antimony ingot is 43000 yuan / ton, and the average price of 2 ᦇ high bismuth antimony ingot is 40500 yuan / ton, which is 2000 yuan / ton higher than that of last month. The market price of antimony trioxide closely followed the rising trend of antimony ingot. As of the 30th, the average market price of antimony trioxide was 99.5% at 38000 yuan / ton and 99.8% at 39500 yuan / ton, an increase of 2000 yuan / ton compared with the same period of last month.

 

According to the price monitoring of the business agency, in October 2020, there were 13 kinds of commodities in the nonferrous metal plate with a month on month increase in the price list of bulk commodities in October 2020, including 3 commodities with an increase of more than 5%, accounting for 13.6% of the total number of commodities monitored in this plate; the top three commodities that increased were titanium concentrate (20.32%), nickel (5.84%) and silicon metal (5.72%). There were 9 kinds of commodities with a decline of more than 5%, accounting for 4.5% of the total number of commodities monitored in the plate; the top three products were praseodymium (- 8.89%), lead (- 4.77%) and cobalt (- 2.18%). This month, the average rise and fall was 1.19%.

 

The Business Association believes that under the current tight supply and demand and cost pressure, foreign price rise, antimony product manufacturers are reluctant to sell, worry about future market supply, and the improvement of downstream demand and other favorable factors, the future market price is expected to be stable and strong.

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Hydrobenzene market price goes down this week (October 26-30)

The commodity index of hydrogenated benzene on October 29 was 38.05, down 0.03 points compared with yesterday, 62.70% lower than 102.01 points (2014-01-09), 26.88% higher than 29.99 points on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

 

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Price rise and fall of domestic main hydrobenzene markets from October 26 to 30 (unit: yuan / ton)

 

Regional prices rose and fell on the 26th and 30th

East China 3450-3600 3500-3600 – 25

Shandong area 3500 ~ 3550 3350 ~ 3400 – 150

 

This week (October 26-30), the market price of hydrobenzene in Shandong Province was mainly downward, with 3525 yuan / ton at the beginning of the week and 3375 yuan / ton at the weekend, down 150 yuan / ton.

 

Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)

 

Price adjustment amount after date adjustment

October 9 3300 – 150

October 14 3350 + 50

October 16 3400 + 50

October 20 3500 + 100

October 22 3600 + 100

In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) will be lowered once and increased four times. As of October 22, the price will be 3600 yuan / ton.

 

This week, as the external market of pure benzene and the crude oil market both fell, the hydrobenzene market fell. Last week, the hydrobenzene market went up sharply with the price of pure benzene. The cost of downstream products increased and the profit decreased. They were against the high price. The purchasing enthusiasm was general, and replenishment was mainly on demand. This week, the tender price of crude benzene was lowered, and the price of Shandong Province was reduced by about 120 yuan / ton.

 

In terms of downstream demand, the main demand areas in East China and North China are concentrated in the maintenance of downstream devices from late October to November, and the overall market demand is expected to weaken to some extent. However, at the end of the fourth quarter, new production capacity will be put into production in North China. At present, the market mentality remains stable for a long time.

 

As for the aftermarket, the business community believes that styrene’s impact on the industrial chain will be weakened this week, and the market trend will mainly follow the changes of supply and demand. In the short term, the hydrobenzene market will be mainly consolidated. In the fourth quarter, we should still focus on the impact of new downstream capacity and crude oil price on the market.

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Weak downstream demand, caprolactam price fluctuated slightly (10.26-10.30)

1、 Price trend

 

Gamma Polyglutamic Acid

According to the business club’s big list data, the recent domestic caprolactam price rise. The average ex factory price of caprolactam on October 26 was 9733 yuan / ton, and that on October 30 was 9800 yuan / ton. The price rose by 0.68% this week.

 

2、 Market analysis

 

This week, caprolactam downstream demand decreased, caprolactam prices fluctuated slightly. As of October 30, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was 9400 yuan / T, and the factory had a production capacity of 300000 tons. The actual transaction can be discussed. Nanjing Dongfang caprolactam liquid price of 10200 yuan / T, 400000 tons / year of the plant normal operation, caprolactam unit normal operation. The price of Sinopec caprolactam liquid is 10100 yuan / ton. The price of Baling Hengyi caprolactam liquid is 10100 yuan / T, 450000 tons / year, the plant is normally started up and accepted. The price of caprolactam liquid of Baling Petrochemical Company is 10100 yuan / T, and the 300000 tons / year unit is normally started up and accepted.

 

Gamma Polyglutamic acid food grade

This week, the domestic market price of raw material pure benzene fell slightly. Affected by the fall of styrene price, the rising trend of pure benzene Market stopped and began to fall. In the short term, the domestic pure benzene market began to fluctuate.

 

3、 Future forecast

 

Caprolactam analysts believe that the current caprolactam price rise slowed down, raw material pure benzene market began to fall. Downstream PA6 began to digest inventory, and the market held a wait-and-see attitude. Due to the weak demand for caprolactam downstream, it is expected that the short-term market trend of caprolactam will be weak and stable.

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Macro favorable policies stimulate the recovery of zinc Market

Zinc price trend

 

Gamma Polyglutamic Acid

According to the business agency data monitoring shows: since October 16, the price of zinc has risen, and the zinc market has recovered. As of October 28, the average price of zinc was 20163.33 yuan / ton, up 3.12% compared with 19553.33 yuan / ton on October 16 at the beginning of the month.

 

Fed’s measures to extend quantitative easing

 

On October 9, Chicago Fed President Charles Evans said the Fed would expand quantitative easing if the economic recovery slowed. In addition to Evans, a number of Federal Reserve officials have recently supported the expansion of QE, calling for more fiscal policy. Quantitative easing policy is good for macro-economy, boosting the future economic expectation, and the future zinc market is expected to recover.

 

EU may increase its easing policy

 

As the epidemic returns, many institutions expect the European Central Bank to maintain stability this week, but in view of the deteriorating economic outlook of the euro area, Lagarde will release the signal of the December meeting to increase QE. The early fermentation of the loose expectation of the Bank of Europe puts pressure on the euro, and the euro may fall sharply. Loose monetary policy, stimulate economic recovery, good for zinc market.

 

Analysis, review and Prospect

 

Bai Jiaxin, an analyst at the business agency, said: the United States and the European Union have successively issued stimulus policy signals to stimulate the market to recover, which is good for the zinc market. However, in the past few weeks, the epidemic situation in the European Union and other places has intensified, leading to new local blockade restrictions, and the possibility of the economy facing pressure again is rising. The macro-economic environment is not ideal, the growth of zinc market in the future is under great pressure, and the rising power of zinc market in the future is expected to be limited. On the whole, the positive signals of macro policies continue to stimulate the recovery of zinc market, but the global economic environment is not good, the effect of policy stimulus is still to be determined, and the zinc price is expected to rise slightly in the future.

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Propylene oxide market price falls

1、 Price trend of propylene oxide

 

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(Figure: P value curve of propylene oxide product)

 

2、 Market analysis

 

The market of propylene oxide fell on October 27. As of October 27, the average price quoted by propylene oxide enterprises was 18066.67 yuan / ton, down 1.81% compared with the previous trading day, and 1.63% lower than that of September 27. The start-up of Po manufacturers in Northeast China led to a short-term increase in Po supply and a strong sense of risk aversion and wait-and-see mood in the downstream. Manufacturers offered profits to ship goods, and the focus of market negotiation was lower. At present, the mainstream quotation of propylene oxide Market in Shandong is around 17600-17800 yuan / ton.

 

Upstream propylene, on October 26, the market price of propylene in Shandong continued to decline. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th At present, the market turnover is between 7075 and 7300 yuan / ton, and the mainstream price is about 7100 yuan / ton. Now the pressure of shipment is increasing.

 

As of October 26, the reference average price of domestic n-propanol including packaging in mainstream areas was around 11266.67 yuan / ton, which was reduced by 167 yuan / ton or 1.46% compared with that on October 19 (average price was 11433.33 yuan). The downstream propylene glycol, according to the monitoring data of the business agency, showed that as of October 26, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11266.67 yuan / ton, which was 1.46% lower than that on October 19 (average price was 11433.33 yuan) As of October 27, the average ex factory price of domestic propylene glycol was 9366.67 yuan / ton, which was 2.18% higher than the price at the beginning of the month. For the downstream soft foam polyether, the market price of soft foam polyether in Shandong was lowered on October 26, the price of raw material propylene oxide fell, the cost support was weakened, the mentality of downstream enterprises to avoid risks was waiting to fall, the factory shipment was under pressure, and the offer was lower.

 

3、 Future forecast

 

Propylene oxide analysts of the business agency believe that the recent rise and fall of dual raw materials, abundant on-site cargo volume, and strong wait-and-see sentiment in the downstream. It is expected that in the short term, the propylene oxide market will be dominated by weak consolidation and operation, and more attention should be paid to the market news guidance for the specific trend.

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Domestic asphalt prices in China rose 2.76% this week

International crude oil declined slightly due to the impact of demand, but the main refineries such as Sinopec increased the ex factory price of asphalt, which led to the rise of mainstream asphalt price in some areas. In addition, the weather is suitable for road construction in recent years, and the domestic asphalt market demand is supported, and the domestic asphalt price rises slightly. According to the price monitoring data of the business agency, the asphalt price was reported at 2330 yuan / ton on October 23, 2.76% higher than that at the beginning of the week.

 

Gamma Polyglutamic Acid

As of October 16, Cushing’s crude oil inventory increased by 975000 barrels in the week; the implementation rate of OPEC member states’ production reduction in September was as high as 102%, but the oil market was dragged down by the second epidemic in Europe, and crude oil demand continued to decline; the international crude oil price fell this week, WTI crude oil price fell by 3.09%, Brent crude oil price fell by 2.00%.

 

Sinopec and other major refineries raised the ex factory price of asphalt, which led to the rise of mainstream asphalt prices in some areas. Moreover, the asphalt market demand is stable in recent years, and the weather in most areas of China is sunny, which is suitable for project construction. In Northeast China, the demand for road construction and asphalt rigidity may gradually decline; in North China, Shandong and East China, the weather and temperature are suitable, and the road construction projects enter the rush period, and the demand is supported; in southwest and South China, the rainfall is reduced, and the project construction increases, which leads to the steady increase of demand. On the whole, domestic demand is supported, and large factories push up the ex factory price of asphalt, which drives up the domestic asphalt price.

 

Business agency analysts believe that in the short term, international crude oil prices will continue to be under pressure; however, road construction has entered the rush period, and the asphalt market demand is supported, and it is expected that domestic asphalt prices will have a small upward trend in the short term.

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Stable price of ammonium sulfate (10.19-10.23)

1、 Price trend

 

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According to the monitoring data of the business agency, the average ex factory price of ammonium sulfate in China on October 19 was 560 yuan / ton, and that on October 23 was 560 yuan / ton. The price market was stable this week.

 

2、 Market analysis

 

This week, the domestic market of coking grade ammonium sulfate is stable. Ammonium sulfate in hexane is mainly ordered in the early stage. The main factory quotation of ammonium sulfate in Henan Province is 520-580 yuan / ton, that of Hebei Province is 480-540 yuan / ton, that of Shandong Province is 540-580 yuan / ton, that of Shanxi Province is 420-490 yuan, and that of Northeast China is 520-630 yuan / ton.

 

This week, the downstream compound fertilizer prices slightly adjusted, the operating rate decreased compared with last week, and the field held a wait-and-see attitude. This week, the compound fertilizer enterprise shipment is fair, the demand for ammonium sulfate is general.

 

3、 Future forecast

 

Business Club ammonium sulfate analysts believe that the current coking grade ammonium sulfate goods are OK, the market trend is stable to explore the rise. The export of domestic ammonium sulfate is good, and the price fluctuates slightly. It is expected that the trend of coking grade ammonium sulfate will be stable in the short term, and the range adjustment of internal grade ammonium sulfate will be given priority to.

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On October 21, the price of silicon metal (441) rose slightly

Price trend of 441 silicon

 

Gamma Polyglutamic Acid

On October 21, the price of silicon metal (441) rose slightly. According to the data of business agency, on October 21, the average market price of domestic silicon metal (441) was 11908.33 yuan / ton, an increase of 2.22% compared with the average market price of 11650 yuan / ton at the beginning of the month (10.1); compared with the average market price of (7.1) in the year, the average price was 10491.67 yuan / ton, up 13.50%; compared with the average market price of (1.1) at the beginning of the year, the average price was 11833.33 yuan / ton, a decrease of 0.63%.

 

On the 21st, the prices of 441 silicon in different regions were as follows:

 

The price range of silicon metal in Fujian is 11400-11500 yuan / ton, that in Sichuan is 11600-11700 yuan / ton, that in Kunming is 11600-11800 yuan / ton, that in Shanghai is 12500-12700 yuan / ton, that in Tianjin port is 12000-12100 yuan / ton, and that in Huangpu port is 11900-12100 yuan / ton 。

 

In October, export orders picked up, foreign investors had a strong demand for standby stocks, and the export situation improved slightly. At present, some silicon manufacturers are optimistic about the price of silicon factories after inquiry.

 

The price of silicon moved up slightly, the market was expected to be better, and the reluctance to sell was aggravated. Some traders were cautious in preparing their stocks. At present, the low-grade silicon market is in short supply and the spot is tight. It is expected that the silicon price will be strong and stable in the near future.

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