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Supply is expected to ease on May 10, tin market is under pressure

On the 10th, the mainstream quotation range of tin ingot in domestic spot tin market was 195500-197000 yuan / ton, with an average price of 196250 yuan / ton, down 1000 yuan / ton from the previous trading day.

EDTA

The U.S. dollar index fell to a two month low on Friday, and the non-ferrous metal market was boosted by most of the gains. At the beginning of this month, yinman mining announced the resumption of production. The supply expectation in the future was strengthened, and the Shanghai tin market was under pressure. Today, it went against the market. As of the close of the 10th, the settlement price of the main contract of Hushi 2107 was 196040 yuan / ton, down 1.22%.

The supply of goods in circulation in the market is still tight, and the lower reaches have a strong wait-and-see mentality. Stock before the festival consumed most of the market demand, the opening trading after the festival was limited, and the overall trading was cold. At present, the price of tin ingot is on the high side, which suppresses the enthusiasm of the downstream market. At present, it only maintains the rigid demand procurement.

In the future, the business association thinks that the domestic refined tin production growth is expected to be large in May, the tin ingot market supply is expected to be loose, and the future tin market is mainly under pressure.

povidone Iodine

China’s domestic butadiene market slightly warmer

After the festival, the domestic butadiene market slightly recovered due to downstream replenishment. According to the sample data monitored by the business community, as of May 8, the domestic butadiene market price was 6840 yuan / ton, with a month on month increase of 3.69% and a year-on-year increase of 59.23%.

The domestic butadiene market continued to consolidate, and the downstream replenishment after the festival supported the middlemen. The offer was relatively firm, so it was difficult to find the source of low price goods in the market. However, there is no obvious positive effect on the supply side. The short expectation of the medium-term market leads to the low inquiry price in the downstream and the market performance is relatively stalemate.

For enterprises, Sinopec East China butadiene supply price is 6900 yuan / ton; The 30000 T / a butadiene plant in Liaoyang Petrochemical plant has been running steadily, and a small amount of goods are exported. The latest price is 7150 yuan / T; Dalian Hengli Petrochemical’s 140000 T / a butadiene plant has been in stable operation, the source of goods is normal, and the price is stable at 7210 yuan / T. The 120000 T / a butadiene plant of Liaotong Chemical Co., Ltd. is in normal operation. The main source of goods is downstream pipeline transportation, and a small amount of goods are exported.

External price: as of May 7, the external price of butadiene in Asia was stable: FOB Korea closed at US $935-945 / T; CFR China closed at US $945-955 per ton. The external price of butadiene in Europe rose: FOB Rotterdam closed at 1195-1205 US dollars / ton, up 50 US dollars / ton; FD northwest Europe closed at 895-905 euros / ton, up 15 euros / ton.

Region, country, closing price, up and down

Asia FOB Korea 935-945 USD / T 0 USD / ton

Asia CFR China 945-955 USD / T 0 USD / ton

Europe FOB Rotterdam 1195-1205 USD / T $50 / T

Europe FD northwest Europe 895-905 euro / ton 15 euro / ton

In the future, domestic butadiene traders intend to push up the price significantly under the support of strong external price and downstream demand replenishment; However, the short-term market supply side did not show any obvious positive, and the mid-term market expectation was weak, the downstream inquiry was still cautious, and it was difficult for small single rigid demand to bring sustained boost to the market. Business community butadiene analysts expected that the domestic butadiene market would continue to consolidate in the short term.

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China’s domestic sulfur price consolidation operation (4.26-4.30)

According to the price monitoring of business news agency, the price trend of sulfur in East China this week was stable. The average price of sulfur production in the week was 1486.67 yuan / ton, with a steady increase of 2.06% compared with the beginning of the month.

Melamine

This week, the domestic sulfur market was mixed, the domestic refineries in various regions were operating at a low inventory level, the shipment performance was acceptable, the enthusiasm of downstream plants to enter the market was not high, the market lacked substantive information guidance, and the operators had a wait-and-see mentality. During the week, refineries in various regions of China adjusted their prices according to their own shipment situation, and the price of solid and liquid sulfur in East China increased by 30-50 yuan / ton at the same time; The quotation of solid and liquid sulfur in North China is temporarily stable; The price of solid and liquid sulfur in Shandong Province decreased by 10-20 yuan / ton at the same time, and the domestic sulfur market went up as a whole. As of the 30th, the regional price of sulfur in China is as follows:

region varieties April 30th

East China Sulfur (particle) 1490-1590 yuan / ton

North China Sulfur (particle) 1420-1470 yuan / ton

Shandong Province Sulfur (particle) 1460-1510 yuan / ton

In the downstream phosphate fertilizer market, the prices of monoammonium phosphate and diammonium phosphate were weak and stable. The domestic spring ploughing came to an end. The market demand of ammonium phosphate was weakened, the transaction atmosphere was weak, and the future market was weak. In terms of sulfuric acid, the price trend in Shandong was volatile and downward, with a decrease of 2.30% compared with the last weekend. At present, the manufacturers in Shandong have large inventory, general downstream demand, weak sulfuric acid procurement and machinery, and the market of sulfuric acid in the later stage was reorganized and operated.

Sulfur analysts from business news agency believe that at present, the domestic sulfur market is in consolidation operation, the domestic refinery inventory remains low, the supply and demand performance is relatively stable, and the price adjustment of enterprises in various regions is different within a week. Under the guidance of the lack of substantive information in the market, the short-term sulfur market continues to consolidation and wait-and-see, focusing on the downstream follow-up situation.

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April 29 supply shortage supports tin price rise

The majority of the non-ferrous metal market rose on the night of the 28th, laying the foundation for the majority of the rise in the metal futures market in the morning. As of the noon of the 29th, Shanghai tin rose by more than 3%. Driven by the futures market, the mainstream quotation range of the domestic spot tin market on the 29th was 191500-192500 yuan / ton, with an average price of 192000 yuan / ton, up 6000 yuan / ton compared with the previous trading day.

On the night of the 28th, the US dollar index fell to a new low in nearly two months, and the non-ferrous metal market was boosted by most of the gains. The registered warehouse volume released by LME showed that Lunxi was only 1300 tons, and low inventory triggered the market’s concern about the shortage of tin supply. On Wednesday night, Lunxi rose 4.06% to a new high in the year.

On the supply side, Malaysia Smelter Group (MSc) announced that it has a maintenance plan in the near future, involving about 50% of the production capacity of the plant, which is expected to last for nine months and be completed by the end of 2021. In addition to the impact of local public health events, the overseas tin supply was under great pressure during the year. Recently, the domestic environmental protection inspection has been carried out severely. A large number of smelters have shut down fuming furnaces, and the start-up of enterprises is insufficient. As the environmental protection inspection team is about to withdraw in May, the domestic refined tin production is expected to pick up.

Near the May Day holiday, downstream factories have a certain demand for goods preparation. However, the recent high price of tin ingots has suppressed the enthusiasm of downstream enterprises to enter the market. At present, they only maintain the rigid demand for purchasing. In May, the strict environmental inspection in Yunnan, Jiangxi, Anhui and other places is over. Smelters will gradually return to normal, and the domestic supply is expected to recover, which will improve the current situation of supply shortage.

In the future, the business community thinks that the supply side is tight and has a certain support for the tin price. It is expected that the tin price will be stronger in the future.

 

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China’s domestic price of paraformaldehyde is stable

1、 Polyoxymethylene market price trend chart

Benzalkonium chloride

Price curve of paraformaldehyde

According to the monitoring of the business agency, the average price of paraformaldehyde on April 26 was 5900 yuan / ton, which was the same as last week.

2、 Market analysis

On April 26, Shandong formaldehyde Chemical Industry Co., Ltd., with an annual output of 30000 tons of polyoxymethylene, offered 5700 yuan / ton of Polyoxymethylene (96) including tax, which was the same as last time. Linyi Shengyang Chemical Co., Ltd., with an annual output of 9000 tons of polyoxymethylene, Polyoxymethylene (96) ex factory price including tax 5700 yuan / ton, the price is the same as last time. Zibo Qixing Chemical Technology Co., Ltd. has an annual output of 10000 tons of polyoxymethylene. The ex factory price of Polyoxymethylene (96) is 6300 yuan / ton, which is the same as last time. Paraformaldehyde market is fair, mainly used in pesticide resin.

According to the monitoring of business news agency, the average price of domestic methanol manufacturers in Shandong was 2440 yuan / ton on April 19, and 2525 yuan / ton on April 26, up 3.48%.

3、 Future forecast

Raw material cost support, business community polyoxymethylene analysts expect, polyoxymethylene or will rise.

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The price of titanium dioxide rose in April

1、 Price trend

Sodium Molybdate

Take sulfuric acid rutile titanium dioxide, which has a large volume in domestic market, as an example. According to the data of the business club, the price of titanium dioxide rose this week. At the beginning of the month, the average price of domestic titanium dioxide was 19600 yuan / ton, and at the end of the month, the average price was 20266.67 yuan / ton.

2、 Market analysis

This month, the domestic market price of titanium dioxide rose, and more than 20 manufacturers, including Huiyun titanium industry, anada, haifengxin, longmangbaili, successively announced the rise. The domestic trade price rose by 1000-1500 yuan / ton, and the export price rose by 120-200 US dollars / ton. The overall market confidence is good, the export market of titanium dioxide is good, the manufacturers have more orders on hand, and the enterprises have been waiting until June to receive orders, so the market supply is tight. Up to now, the domestic price of rutile titanium dioxide including tax is 19600-20600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is 16800-18500 yuan / ton; The price of chlorinated titanium dioxide including tax is 19500-22000 yuan / ton.

According to customs data, in March 2021, China’s export of titanium dioxide was about 126900 tons, a year-on-year decrease of 14.92% and a month on month increase of 34.38%; From January to March, the cumulative export volume was about 328000 tons, up 1.46% year on year, and 4731.86 tons year on year from January to March 2020.

In March 2021, China’s import of titanium dioxide was about 16200 tons, with a year-on-year growth of 32.57% and a month on month growth of 11.64%; From January to March, the total import volume was about 46500 tons, with a year-on-year growth of 24.67%. Compared with January to March 2020, the import volume increased by 9211.67 tons.

In terms of raw materials, the price of titanium ore continued to rise this month. In some areas, the start-up of titanium ore is still low, the manufacturers have more orders in the early stage, and the market spot supply is tight. Up to now, the price of 46,10 titanium ore from small and medium-sized manufacturers is 2380-2420 yuan / ton; The price of 47 and 20 mines is about 2400 yuan / ton, and that of 38 and 42 mines is 1600-1650 yuan / ton without tax. In the short term, the price of Panxi ilmenite is relatively firm, the spot of ilmenite is still tight, some miners are reluctant to sell, and the new price of ilmenite may rise steadily, which is a single discussion.

According to customs data, in March 2021, China imported 395900 tons of titanium ore, with a year-on-year growth of 69.40% and a month on month growth of 12.31%; From January to March, the cumulative import was about 1027000 tons, with a year-on-year increase of 31.11%, and the total import from January to March 2020 was about 243700 tons.

In March 2021, China exported 2414 tons of titanium ore, a year-on-year decrease of 71.90% and a month on month increase of 15.78%; From January to March, the total export was about 9945 tons, a year-on-year decrease of 15.74%.

In terms of sulfuric acid, the price of sulfuric acid in Shandong Province rose this month, according to the data of business news agency’s block list. The average price of sulfuric acid at the beginning of the month was 516.67 yuan / ton, and that at the end of the month was 580 yuan / ton. The price rose by 12.26% in the month. In the short term, the sulfur market in the upper reaches has been consolidated at a high level in the near future, and the cost support is good. However, the purchasing enthusiasm in the lower reaches is general, the supply of sulfuric acid is normal, and the ex factory price of sulfuric acid rises slightly in the future.

3、 Future forecast

Titanium dioxide analysts of business news agency believe that: the spot market of titanium ore continues to be tight, the price rises, the price of sulfuric acid also continues to rise, and the cost support performance is strong. At the same time, export orders performed well. Under the superposition of positive factors, the titanium dioxide market will continue to rise in the short term.

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Sulfuric acid prices in Shandong rose 2.35% (4.19-4.23) this week

1、 Price trend

Azodicarbonamide (AC foaming Agent)

As can be seen from the figure above, the price of sulfuric acid distribution in Shandong increased this week, from 566.67 yuan / ton at the beginning of the week to 580.00 yuan / ton at the end of the week, with an increase of 2.35%, 98.29% over the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index at 90.27 on April 23.

2、 Market analysis

From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province rose this week, with large inventory and general downstream demand. Heze Jiangyuan quoted 720 yuan / ton over the weekend, up 40 yuan / ton compared with the beginning of the week; Zouping Tianlu quoted 570 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 450 yuan / ton, which was temporarily stable compared with that at the beginning of the week.

From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, and the cost support is good. Moreover, the market prices of monoammonium phosphate, diammonium phosphate and bromine in the downstream are also rising, which has a positive impact on sulfuric acid.

3、 Future forecast

In late April, the sulfuric acid Market in Shandong may rise slightly. The price of sulfur in the upper reaches has been consolidated at a high level in recent years, the market in the lower reaches is better, the purchasing enthusiasm of sulfuric acid in the lower reaches is normal, and the product trend rises under the contradiction between supply and demand. Business community sulfuric acid analysts believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or small shock rise.

ferric sulfate (Poly ferric sulphate)

LNG prices fell by 7% in a row (4.19-4.23)

1、 Price trend

povidone Iodine

According to the data monitoring of Business News Agency: on April 23, the average price of domestic LNG was 3083.33 yuan / ton, down 6.94% compared with the beginning of this week, down 15.53% compared with the beginning of this month, and up 2.78% compared with the same period last year.

2、 Analysis of influencing factors

This week, the domestic LNG market continued to decline, with a decline rate of 6.94%. The liquid prices of Shaanxi, Inner Mongolia, Ningxia and other places fell in a wide range. Near the weekend, Shanxi, Henan and other places pushed up slightly, and the market showed a mixed situation of rise and fall, but the overall trend was still downward, with the liquid prices mostly around 3000 yuan / ton. In the off-season, the market demand is limited, and the downstream stock increases before the festival, but the boost is insufficient. Near the May Day holiday, the logistics may be limited, and the liquid plant will continue to reduce the price and arrange the warehouse operation. The profits will shrink seriously, the production will lose money, the operation space of traders is not big, and the industry has a strong bearish mentality. At present, the feed gas is reduced to 1.88 yuan / m3, which reduces the price pressure of liquid plants. However, with sufficient domestic supply and limited demand, low-cost imported gas continues to compete for the domestic market. There is a certain pressure on liquid plants to ship. Some low-end liquid prices are driven up by stop loss mentality, and the rebound of imported gas drives the price of peripheral liquid plants up, but it is difficult to form an obvious turning point, and the market is still weak.

On April 23, the domestic liquefied natural gas market continued to decline, and the range slowed down. The price of 3000-3200 yuan / ton in Inner Mongolia, 3050-3200 yuan / ton in Shaanxi, 3150-3250 yuan / ton in Shanxi, 3100-3190 yuan / ton in Ningxia, 3350-3500 yuan / ton in Henan, and 3100-3300 yuan / ton in Hebei rebounded, The price of liquid varies from place to place, but declines as a whole.

Sodium Molybdate

region Specifications April 23rd April 19th Up and down

Inner Mongolia liquified natural gas 3000-3200 3130-3350 Down 130-350

Shaanxi liquified natural gas 3050-3200 3220-3350 Down 170-300

Shanxi liquified natural gas 3150-3250 3030-3300 Down 50-150

Ningxia liquified natural gas 3100-3190 3250-3300 Down 150-200

Henan Province liquified natural gas 3350-3500 3100-3450 Up 50-100

Hebei liquified natural gas 3100-3300 3070-3450 Down 150-350

Downstream products are mixed:

Methanol. On April 23, the reference price of methanol was 2510 yuan / ton, up 2.87% from the beginning of the week. The mainstream negotiation of methanol market in central Shandong fell to 2360-2380 yuan / ton, which was delivered by cash. Shandong methanol Lubei market reference price fell to 2380-290 yuan / ton, spot delivery. The methanol market in southern Shandong negotiated to 2380-2400 yuan / ton in cash. Linyi received the local goods to negotiate the price to 2370-2390 yuan / ton and sent them to cash exchange. The logistics goods offer price is not available for the time being. The downstream reception is limited and the atmosphere is general.

Urea, April 23, Shandong urea market rose, urea reference price was 2166.67, up 1.56% compared with the beginning of the week, upstream liquid ammonia market has a rising trend in the near future, cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, urea plant maintenance, supply side tightening. The operating rate of urea enterprises is about 70%, which has decreased, and the daily output has dropped to below 150000 tons. In the future, urea supply is slightly insufficient, but the demand is rising. Short term urea market is expected to rise slightly.

Dichloromethane, on April 23, the market of methane chloride in Shandong area was temporarily stable, and the quotation of manufacturers was basically stable. The main factory quotation of dichloromethane was about 3400-3470 yuan / ton, and the main factory quotation of trichloromethane was about 3940-4100 yuan / ton. The shipment of trichloromethane was smooth, and the inquiry of dichloromethane was slightly reduced.. At present, there is little pressure on the supply side, but the performance of cost and demand is weak. It is expected that the price of dichloromethane will be weak in the future.

3、 Future forecast

According to the LNG analysts of business news agency, at present, the domestic supply is sufficient and the market demand is limited in the off-season. Low price imported gas continues to compete for the domestic market. Before the festival, the liquid plants continue to reduce the price and drain the stock. The price continues to decline. Due to the stop loss mentality in some areas and the rebound of imported gas in the surrounding areas, the willingness to support the market is strong, but the bad news is intertwined, It is expected that there will be no obvious turning point in the market of liquefied natural gas, which is still dominated by low volatility,

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Insufficient demand, stable operation of domestic rubber grade silica in China

According to the data monitored by the business agency, as of April 20, the average price of domestic rubber grade high-grade silica was 4733.33 yuan / ton, the upstream support was general, the downstream demand was limited, the operating rate was normal, the negotiation atmosphere was flat, the mainstream price range was 4000-5000 yuan / ton, and the price was mainly stable.

 

Sodium Molybdate

The domestic rubber grade silica market has a stable overall trend with stable price. The main contract orders are the main ones, and the downstream just needs to purchase. The purchasing atmosphere is flat. The number of new orders is limited. Most of the new orders are mainly discussed. The merchants have a stable mentality and general negotiation atmosphere. The merchants are cautious in taking the goods and slow in shipping. The overall market supply and demand is balanced, the shipping is normal, and the inventory is general.

 

Chemical industry index: on April 19, the chemical industry index was 1035 points, up 9 points from yesterday, down 1.33% from 1049 points (2021-03-10), the highest point in the cycle, and up 73.08% from 598 points, the lowest point on April 8, 2020. (Note: period refers to the period from December 1, 2011 to now)

 

The upstream hydrochloric acid market has a stable trend, the quotation of manufacturers in the hydrochloric acid market is temporarily stable, and the hydrochloric acid market maintains a stable operation in the short term. The hydrochloric acid index: on April 19, the hydrochloric acid commodity index was 59.65, down 0.88 points from yesterday, down 40.35% from the highest point of 100.00 points in the cycle (2011-09-12), and up 231.76% from the lowest point of 17.98 points on September 5, 2012. (Note: period refers to 2011-09-01 to now).

 

According to the silica analysts of business news agency, the silica market is stable, mainly for contract customers, and the number of new orders is limited. (to know more about the industry chain market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the commodity price).

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April 19 urea price in Shandong rose 0.95%

Trade name: urea

 

Latest price (April 19): 2133.33 yuan / ton

 

On April 19, the ex factory quotation of urea in Shandong increased by 20.00 yuan / ton, or 0.95%, compared with the quotation on April 16. Upstream liquid ammonia market recently fell slightly, cost support in general. Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

 

In the future, it is expected that the short-term urea market will fluctuate slightly and rise mainly: the average price quoted by manufacturers is about 2140 yuan / ton.

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