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Tight balance between supply and demand, Lithium hydroxide prices rise

According to the data of the bulk list of business agencies, as of July 26, the average price of domestic industrial lithium hydroxide enterprises was 95000 yuan / ton, up 4.78% compared with the price of July 20, 5.95% higher than that on June 26, and 18.26% year-on-year in three months.

Sodium Molybdate

In the early July, the market of lithium hydroxide rose steadily, with an overall increase of 1.12%. In late July, the lithium hydroxide market rose again. In recent years, some manufacturers have been overhauling their equipment, the spot supply in the market is reduced, the downstream demand is increasing, and the market supply and demand continue to be tight, and the market is firm and upward.

Data of lithium hydroxide output: in June 2021, the output of lithium hydroxide, the main manufacturer in China, was 17500 tons, an increase of 13.41% on a month basis.

According to the data of business society, the average price of industrial lithium carbonate in East China was 87000 yuan / ton by July 26, up 0.46% compared with the price at the beginning of the month. On July 26, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton, up 0.44% compared with the price at the beginning of the month.

According to the analysts of lithium hydroxide of business society, in a comprehensive view, the current market supply and demand are tight and balanced, and the cost side is supported. It is expected that in the short term, the domestic industrial lithium hydroxide Market will be mainly strong operation, and the specific trend needs to pay more attention to the market information guidance.

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At the beginning of this week, the price of ethyl acetate continued to decline, stopped falling at the weekend and picked up slightly

This week (July 19-23), the price of domestic ethyl acetate continued to decline. After a continuous decline in July, it stabilized slightly at the weekend, and the prices of most manufacturers stopped falling. According to the monitoring of business society, the rise and fall range of this week was 1.16%, and the prices of some domestic manufacturers fell. At present, the price is in the range of 8250-8550 yuan / ton.

Sodium Molybdate

First of all, from the perspective of the upstream acetic acid market, the acetic acid price stabilized after falling this week. According to the monitoring of the business society, since the beginning of July, the acetic acid price has continued to decline, but the decline has slowed down significantly this week, with a weekly decline of 0.5%, mainly due to the poor market atmosphere and the continuous downturn of downstream demand. Affected by this, the acetic acid production enterprises have reduced the unit load, reduced the supply and output, and the manufacturer’s price has gradually stabilized, Stopping the decline of costs has brought some support to the ethyl acetate Market.

In addition, from the perspective of supply and demand of ethyl acetate, first of all, the supply of ethyl acetate at the supply side declined slightly. The equipment maintenance of main manufacturers in Shandong Province and the reduction of supply are expected to bring benefits to the market. On the demand side, in addition, the price is relatively low, the downstream procurement is slightly large, replenishment and hoarding coexist, and the manufacturer has a strong willingness to support the price, but it is still in the off-season of the market, and the continuous follow-up of the downstream needs to be further observed.

In the future, the ethyl acetate analyst of business society believes that with the full load operation of the unit in Guangxi and the stable production, and the resumption of production of two units next week, it is expected that the recent supply increment of ethyl acetate will be obvious. On the premise of no significant improvement on the demand side, it is unlikely that the price of ethyl acetate will continue to pick up.

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Stable operation of PET market

According to the data monitored by the business community, as of July 19, the average price of pet water bottle manufacturers was 7170.00 yuan / ton. The overall pet market was running smoothly, with a slight upward trend. The quotation of manufacturers increased slightly, up 6.22% compared with the same period last month.

Sodium Molybdate

Recently, the price of pet market is mainly stable, with some manufacturers’ prices rising slightly and rising narrowly. At present, the pet inventory is normal, and the downstream just needs to purchase. The purchasing enthusiasm is general, and the negotiation focus is stable. The mainstream price range of pet is about 7200 yuan / ton.

On July 18, the rubber and plastic index was 806 points, which was the same as yesterday, decreased by 23.96% compared with 1060 points (2012-03-14), the highest point in the cycle, and increased by 52.65% compared with 528 points, the lowest point on April 6, 2020( Note: period refers to the period from December 1, 2011 to now

Business community pet analysts believe that: in the short term, pet prices rose slightly, the center of gravity moved up( To learn more about the latest market trends, please pay attention to the official account of the business community, get information on goods, and grasp the price of commodities.

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Urea prices in Shandong rose 2.21% (7.12-7.16) this week

Recent trend of urea price

Sodium Molybdate

As can be seen from the figure above, the ex factory price of urea in Shandong Province rose this week, from 2720.00 yuan / ton at the beginning of the week to 2780.00 yuan / ton at the end of the week, with an increase of 2.21%, and a year-on-year increase of 67.81%. Overall, the urea market rose this week, with the urea commodity index at 129.30 on July 16.

Upstream support strengthened, downstream demand slowed down, supply side was tight, printing label stimulated

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong rose this week. Urea in Yangmei plain has not been quoted this week; Shandong Ruixing urea quoted 2780 yuan / ton this weekend, up 60 yuan / ton compared with the beginning of the week; Mingshui chemical urea has not been quoted this week.

From the data of upstream and downstream industry chain, the upstream products of urea increased slightly this week as a whole: the price of liquefied natural gas increased slightly, from 4093.33 yuan / ton at the beginning of the week to 4246.67 yuan / ton at the end of the week, with an increase of 3.73%, 72.40% compared with the same period last year; The price of steam coal rose slightly, from 982.50 yuan / ton at the beginning of the week to 1005.00 yuan / ton at the end of the week, with an increase of 2.29%, 69.33% over the same period last year. The price of liquid ammonia rose slightly, from 4450.00 yuan / ton at the beginning of the week to 4516.67 yuan / ton at the end of the week, with an increase of 1.50%, 45.70% over the same period last year. Melamine in the lower reaches of urea rose slightly this week, from 11633.33 yuan / ton at the beginning of the week to 12200.00 yuan / ton at the end of the week, an increase of 4.87%.

In terms of demand, there is a small amount of topdressing in North and East China, but the agricultural demand is general; The downstream compound fertilizer, rubber sheet factory and melamine enterprise started well, and most of them were purchased and used at any time, and followed up at a proper amount. From the aspect of supply: in the near future, the production of urea enterprises has been reduced and resumed alternately, the recovery of start-up is slow, the daily output is about 160000 tons, and the supply side is tight. At the same time, enterprise inventory and social inventory are also maintained at a low position. International aspect: India announced the fifth urea import bidding in the year on the evening of July 13 (Tuesday), opened the bid on July 22, and scheduled the shipment on August 31, which boosted the domestic market mentality. On the whole, the cost support of urea is strengthened, the downstream demand is weakened, but the supply is tight, the printing standard is stimulated, and the market price may reach the peak again.

India standard boost, future price bullish

In late July, the urea market in Shandong may rise slightly. According to urea analysts of business news agency, at present, the agricultural demand in various regions has declined, the industrial demand has followed up steadily, and the downstream businesses have a strong wait-and-see atmosphere for high price urea, but the urea plant maintenance is still tight, the supply is tight, the printing standard is landing, the domestic market mentality has been boosted, and the market price in the future may fluctuate slightly.

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On July 19, the price of sulfuric acid in Shandong rose by 2.49%

Trade name: sulfuric acid

Melamine

Latest price (July 19): 686.67 yuan / ton

On July 19, the price of sulfuric acid Market in Shandong increased by 16.67 yuan / ton, or 2.49%, compared with the quotation on July 16. From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been rising step by step recently, and the cost support is good. Moreover, the bromine market in the downstream is also rising steadily, which has a positive impact on the price of sulfuric acid.

Recently, the market price of sulfuric acid in Shandong may rise slightly, and the average price is about 690 yuan / ton.

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Shandong propylene market price accelerated to fall this week (7.12 ~ 7.16)

1、 Price trend

Melamine

According to the data of the bulk list of business agencies, the domestic propylene (Shandong) market continued to decline this week, with the decline increasing. The market was 7804 yuan / ton at the beginning of the week, and the average price at the weekend was 7654 yuan / T, down 1.91%.

2、 Analysis and comment

According to the price chart of the business agency, the propylene market this week is affected by the cost side, and the price of the company is down by 100-200 yuan / day this week compared with last week. The current market mainstream quotation is 7600-7700 yuan / ton, and the low-end price falls below 7000 yuan / ton. Downstream on demand procurement, general demand, cost side of the direct leading propylene market for nearly a week of price reduction.

This week, oil prices were still fermenting as OPEC and OPEC + reached an agreement on production increase, and worries over the virus of epidemic variation deepened the decline in oil prices. Crude oil fell 3.9 percent this week, which has a significant impact on the market’s profitability.

This week, PP prices fell slightly, the downstream enterprises started low and demand was scarce. The follow-up of purchasing was weak, and the response to high price sources was poor, with a decline of 0.19% in the week.

Acrylic acid prices continued to rise this week. Due to the overhaul of some enterprises, the spot supply was tight, downstream on demand procurement, the market trading and investment rhythm was active, and the price rose steadily. The increase was 1.39% in the week, which supported propylene.

This week, the price of propylene oxide rose sharply, the propylene oxide manufacturers were not pressured, the downstream polyether orders were stable and medium increment, and the market was up. The middle and lower reaches just needed to follow up steadily, the market was not pushed up, and the price rose 10.4 in the week, which supported the propylene market.

In general, the rise and fall of propylene downstream are mutual, and the overall demand level is not changed much.

3、 Future forecast

The propylene analyst of the chemical branch of the business society thinks: the propylene market is dominated by crude oil price, closely pays close attention to the change of oil price, and the probability of further low short-term price is high.

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Price of propylene glycol and dimethyl carbonate rises sharply

According to the monitoring data of business society, as of July 13, the factory price of domestic industrial grade propylene glycol was RMB 17566 / T, and the average price increased by 1133 yuan / ton, or 6.90% compared with the price on July 12. Compared with July 1, the average price increased by 1500 yuan / ton, or 9.34%.

Sodium Molybdate

According to the monitoring data of business society, as of July 13, the average factory price of domestic industrial grade dimethyl carbonate was 7800 yuan / ton, and the average price increased by 1134 yuan / T, or 17% compared with that of July 12, 2021 (reference price of 6666 yuan / ton), and the average price increased by 934 yuan / ton, or 13.59% compared with the price of July 1, 2021 (reference price: 6866 yuan / ton).

At present, the domestic plant is more common in the linkage production of propylene glycol and dimethyl carbonate. It takes propylene oxide as the main raw material, and produces dimethyl carbonate by ester exchange method, and also produces propylene glycol. Therefore, there is a certain correlation between the market of propylene glycol and dimethyl carbonate. Here is a brief introduction to the market of the products in the next few days:

In early July, although the domestic market of propylene glycol and dimethyl carbonate increased slightly, the overall trend remained stable. Until the beginning of this week, Shaanxi and Shandong factories have been shut down and repaired. In a while, the supply of propylene glycol and dimethyl carbonate has decreased, the supply tension in the field is rising rapidly. The market price of propylene glycol and dimethyl carbonate has risen greatly. The daily increase of malondiol and dimethyl carbonate is more than 1000 yuan / ton, as of the 13th day, The average price of propylene glycol rose to 17566 yuan / ton, up 6.90% a day compared with the previous working day, and dimethyl carbonate rose to 7800 yuan / T, up 17% a day compared with the previous working day. Downstream affected by the continuous fear of rising, the current goods are relatively positive, and there is no obvious pressure on the supply side. The overall market of propylene glycol and dimethyl carbonate are mainly high-level operation.

In the upstream of epichlorohydrin, the overall trend of epichlorohydrin market in June fell, down 4.90%, and the overall trend fell first and then rose. In July, propylene oxide continued to rise in late June, and rose slowly. In the early week, the propylene oxide manufacturers were not under pressure, while the downstream polyether orders were stable and medium increment, and the market was rising. The middle and lower reaches just needed to follow up steadily, and the market was not pushed up. At present, the market supply was tight, and the downstream follow-up was positive, and the market continued to rise. On December 12, the main quotation of epichlorohydrin market in Shandong was 15200-15300 yuan / ton. According to the data on the business agency’s bulk list, the average price of propylene oxide enterprises as of July 12 was 16033.33 yuan / ton, up 2.39% compared with last Monday (July 5)

Future forecast

At present, the supply of Shida Yankuang and Shandong wells has been gradually increased in the process of load lifting. In addition, the downstream demand of propylene glycol and dimethyl carbonate may slow down in the later period under the high level. Therefore, the analysts of propylene glycol and dimethyl carbonate of business society believe that the market of malondiol and dimethyl carbonate may fluctuate at high level in the short term, and the price will have a downward risk.

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Xylene prices continue to rise this week (2021.7.5-7.11)

1、 Price trend

Sodium Molybdate

According to the data of the business club’s block list, the price of mixed xylene continued to rise this week. On July 4, the price of mixed xylene was 5920 yuan / ton; The price of this Sunday (July 11) was 6000 yuan / ton, up 80 yuan / ton or 1.35% compared with last week; It was up 63.04% over the same period last year.

2、 Analysis and comment

The recent continuous rise of crude oil has driven the trend of mixed xylene to follow. However, the domestic demand for mixed xylene was insufficient and the growth was limited. In terms of external market, as of July 9, the price of imported mixed xylene from South Korea was 816.5 US dollars / ton, up 36 US dollars / ton, or 4.61%, from July 2; The reference price of domestic imported mixed xylene was US $834 / T, up US $33 / T, or 4.12%, from July 2.

In terms of crude oil, the OPEC + meeting was cancelled at the beginning of the week, and there was no plan to further increase production for the time being, and international oil prices rose. However, the market is worried that the excessively fast rising oil price will trigger a price war again, and the crude oil market will cool down rapidly. On July 2, Brent fell 0.62 USD / barrel, or 0.81%; WTI fell 0.6 USD / barrel, or 0.8%.

Downstream, PX market, domestic PX prices remained stable this week, at 7100 yuan / ton, up 47.92% year on year. As of July 9, the closing price of Asian region is 917-919 USD / T FOB Korea and 935-937 USD / T CFR China.

In terms of PTA market, PTA in East China rose first and then fell this week. On Friday (July 9), the price was 5044.55 yuan / ton, down 0.84% from last week and up 39.85% from the same period last year.

In terms of ox market, the price of ox remained stable this week. On Friday (July 9), the price of ox in East China was 6200 yuan / ton, up 39.01% over the same period last year.

3、 Future forecast

Xylene analysts from business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of oil drilling platforms in the United States, and weekly EIA and API inventory data. Second, on the demand side, the impact of the global epidemic on crude oil demand, the progress of industrial chain recovery, and the economic and trade situation in Europe and the United States. Third, look at the geopolitical situation in the Middle East, China and the United States, the progress of new technology, the dollar index and stock market linkage.

Downstream demand remains rigid, and it is expected that the price of mixed xylene will follow the trend of crude oil in the short term. We will continue to pay attention to the impact of crude oil, external market trend, xylene plant maintenance trends, port inventory and downstream demand (gasoline market).

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Crude oil up slightly, difficult to support MTBE Market

The contradiction between supply and demand is prominent. Although the crude oil price fluctuated at a high level and rose slightly over the weekend, it is still difficult to support the MTBE market, and the MTBE market price fell significantly for several consecutive days. According to the data of business news agency, as of July 9, the price of MTBE was 5946 yuan / ton, with a month on month decrease of 0.78% and a year-on-year increase of 55.13%.

Sodium Molybdate

MTBE market continued to decline, with a decline of 40-100 yuan / ton. Crude oil rose slightly, but it is difficult to give market support. In the near future, the contradiction between supply and demand still exists, and the sales pressure of merchants is increasing, especially in the northern region. Although the profits are sold one after another, the transaction has not improved significantly, and the merchants continue to adjust. In East China, under the pressure of the continuous decline in the north, coupled with the weak demand in the region, businesses stick to the disadvantage and follow into the decline.

In terms of external market, as of July 8, the closing price of Asian MTBE market was reduced by US $30 / T compared with the previous trading day, while FOB Singapore closed at US $772-774 / T. The closing price of MTBE market in Europe decreased by 33 US dollars / ton compared with the previous trading day, and FOB ara closed at 790.5-791 US dollars / ton. The closing price of MTBE market in the United States was down by US $7.88/t compared with the previous trading day, and FOB Gulf offshore price closed at US $788.03-788.38/t (221.98-222.08 cents / gal).

region ., Country. Closing price. Up and down

Asia FOB Singapore 772-774 USD / T – US $30 / T

U.S.A FOB Bay US $88.03-788.38/t – US $7.88/t

Europe FOB ARA 790.5-791 USD / T – 33 USD / T

In the near future, crude oil stopped falling and went up, which gave some support to the market. In addition, the recent decline was slightly larger, and low prices attracted a small amount of purchase intention of some businesses. MTBE analysts from the business community believe that the domestic MTBE market will still be mainly in a narrow range in the short term.

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Supply risk highlights, oil price falls sharply

On July 6, international oil prices fell sharply. The settlement price of the main contract in the US WTI crude oil futures market was 73.37 US dollars / barrel, down 1.79 US dollars or 2.4%. The settlement price of the main contract in the Brent crude oil futures market was 74.53 US dollars / barrel, down 1.64 us dollars or 2.2%. Oil prices rose sharply on Monday after the organization of Petroleum Exporting Countries and its allies (OPEC +) called off the meeting because they could not reach an agreement on increasing supply. However, it turned lower on Tuesday, mainly because the market was worried that some OPEC member countries would increase production; Driven by high oil prices, the US shale oil supply is expected to increase.

Benzalkonium chloride

This round of OPEC ministerial meeting is full of twists and turns. Since July 1, i.e. last Thursday, the meeting began to negotiate, because UAE opposes a new production increase agreement (400000 B / D per month from August to December this year, and 2 million B / D by the end of this year), the meeting has been postponed to last Friday, but the meeting still has no result; Until the meeting reopened on Monday, the UAE was always opposed to the latest production increase agreement. The meeting was forced to stop and oil prices continued to rise. On Monday, the settlement price of Brent crude oil rose to US $77.16/barrel, up US $0.99 or 1.3%.

However, the wind direction of the market changed suddenly on Tuesday, and the OPEC meeting failed to reach an agreement again and again, which made the market lose confidence in the future direction of OPEC. Even if the future policies were reluctantly implemented, the market also had doubts about the implementation of the member states’ production control policies. If the UAE increases production, other member states may follow suit, which will make OPEC’s effect of balancing oil supply in the oil market fail.

In addition, the oil price is at a high level, the market shows more concern about the increase of shale oil production in the United States, the U.S. economy continues to pick up, the inventory data keeps falling, and the market expects that the U.S. shale oil producers will continue to increase supply. Due to the comfortable price, the U.S. production has returned to about 11 million B / D, but compared with the production of about 13 million B / D in 2019, the U, There is still a lot of room for improvement.

In the future, the business community believes that short-term oil prices are intertwined. Although the global economy is still in the process of recovery, there are more risks in the supply side. Therefore, there is a great deal of uncertainty in the oil market. Guided by the news, the short-term oil market may continue to fluctuate and widen its amplitude. In the medium term, it is generally expected that the oil price will continue to challenge the $80 level.

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