According to the monitoring of the business agency, the domestic rare earth market price index rose in May, the rare earth market rose slightly, the domestic praseodymium neodymium price trend rose, and the heavy rare earth market price was relatively stable. The rare earth index was 848 points on May 31, unchanged from yesterday, down 15.79% from the highest point of 1007 points in the cycle (2022-02-24), and up 212.92% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to 2011-12-01 to now).

In May, the price trend of domestic light rare earth market rose, and the price of mainstream praseodymium and neodymium in the rare earth market rose sharply. In terms of products:

It can be clearly seen from the product price trend chart that the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide have increased. By the end of the month, the price of neodymium oxide in rare earth in China was 965000 yuan / ton, an increase of 9.04%; The price of neodymium was 1.185 million yuan / ton, an increase of 8.22%; The price of praseodymium oxide was 955000 yuan / ton, with a price increase of 10.4%; The price of praseodymium neodymium oxide was 946500 yuan / ton, up 11.68%; The price of praseodymium neodymium alloy was 1155000 yuan / ton, an increase of 11.59%; The price of praseodymium metal was 1255000 yuan / ton, up 5.91%, and the domestic rare earth market rose sharply.

The price of rare earth in the domestic market has risen. Recently, the downstream procurement has been normal. In addition, affected by the epidemic, some upstream and downstream production has been affected, and some metal plants have procurement demand, which has boosted the mentality of separation manufacturers, and the price trend in the market has risen. The inventory of downstream magnetic material enterprises in the field is not high, but the spot purchase demand is still there, and the rare earth market is higher. Due to the normal supply of praseodymium and neodymium oxide and other mainstream products of some large groups, some small waste recycling enterprises are affected by the shortage of waste supply, and the raw material inventory is insufficient to reduce production. Magnetic material enterprises are mostly distributed in Zhejiang. Affected by the epidemic situation in the Yangtze River Delta and the Pearl River Delta, the demand for orders of downstream new energy vehicles, electric two wheeled vehicles and so on has been reduced, the demand for spot procurement is weak, and the price increase on the floor is limited. In addition, the rare earth metal factory was cautious in purchasing without lock orders. Shanghai has been gradually unsealed since June 1, and the demand side is expected to improve. This news has a certain positive and boosting impact, and the price trend of the rare earth market on the floor has risen.

The national environmental protection supervision is still continuing. The peak season of rare earth demand has ended. At present, the inventory of neodymium oxide praseodymium has increased compared with the previous period. Affected by the sentiment of buying up but not buying down, the price trend in the market has dropped sharply. According to statistics, the demand for new energy vehicles has increased. According to the data released by the China Association of automobile manufacturers, in April 2022, China’s production and sales of new energy vehicles reached 312000 and 299000 respectively, with a year-on-year increase of 43.9% and 44.6% respectively. The growth rate has dropped significantly compared with the previous month, and the production and sales of vehicles have declined. However, the penetration rate of new energy vehicles has gradually increased, the domestic light rare earth market has a good delivery situation, and the price has risen, The domestic heavy rare earth market price trend is relatively stable.

It can be seen from the trend chart that the price trend of dysprosium Series in China is relatively stable. By the end of the month, the price of dysprosium oxide was 2.6 million yuan / ton, and the price trend was flat; Dysprosium ferroalloy price is 2.595 million yuan / ton, with a stable trend; Dysprosium metal price was 3.38 million yuan / ton, with a slight increase of 1.96%; The price of terbium Series in China is rising. The price of terbium oxide in China is 14.55 million yuan / ton, and the price of metal terbium is 18.45 million yuan / ton. The price trend of heavy rare earth is relatively stable. The leading magnetic material factory purchases on demand, which makes the domestic heavy rare earth market trend stable temporarily. The raw material inventory of separation enterprises in the areas where light rare earth mines are used in Sichuan and other places decreases. The reduction of this part of supply has little impact on the operating rate of separation plants in the areas where light rare earth mines are used. In addition, the export of Myanmar is limited, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the domestic heavy rare earth market products, and the price trend of heavy rare earth in the market is maintained.

In addition, the national policy supports the rare earth market. In 2022, the first batch of Rare Earth total amount control indicators meet expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the mining indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the indicators is in line with expectations, and the country is still relatively restrained in releasing the rare earth supply indicators. In 2022, the first batch of ore indicators / smelting separation indicators were +20% year-on-year, with a growth rate lower than that of the first batch in 2021 (year-on-year +27.3%/27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earth. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, a year-on-year increase of +23.2%, and the ionic rare earth is 11490 tons, which is flat year-on-year. It is expected that the increment concentrated on light rare earth will be a long-term trend, and the domestic rare earth market will still be supported in the long run.

The sustainable development of new energy vehicles, wind power and variable-frequency air conditioners in the downstream of rare earth is guaranteed in terms of long-term demand. In addition, the recent news of resumption of work and production has continuously spread, and the enthusiasm for downstream procurement has increased. With the continuous change of the global supply pattern of rare earth raw materials, the deepening of the requirements of innovation driven green development, the continuous strengthening of the normative governance of the domestic rare earth industry and the further deepening of the understanding of resource scarcity, Chen Ling, an analyst with the business agency, expects the price of rare earth in the domestic market to rise slightly.

Zinc price fell in May

According to the data monitoring of the business agency, the zinc price fell violently in May, and the zinc market recovered after falling. As of May 31, the zinc price was 26174 yuan / ton, down 5.65% from 27742 yuan / ton on May 1 at the beginning of the month. In May, the supply and demand of zinc market slowly recovered, and the zinc price stopped falling and recovered. Since late April, the price of zinc has fallen sharply. With the gradual progress of resumption of work and production, the price of zinc has slowly recovered since mid May.

China Manufacturing Purchasing Manager Index

According to the data released by the National Bureau of statistics, in May, the purchasing managers’ index (PMI) of the manufacturing industry was 49.6%, which was 2.2 percentage points higher than that of the previous month, but still below the critical point. The overall prosperity level of the manufacturing industry has improved, but it has not yet recovered to the pre epidemic level. In May, there was great downward pressure on the zinc market, and the zinc price fell violently. With the gradual promotion of the resumption of production and work, both production and demand have recovered, and the zinc price has stopped falling and recovered, which will increase the momentum of zinc price rise in the future.

In April, auto sales hit a 10-year low

According to the statistical data of China Automobile Association, in April 2022, the production and sales of automobiles reached 1205000 and 1181000 respectively, with a month on month decrease of 46.2% and 47.1% and a year-on-year decrease of 46.1% and 47.6%; From January to April, 7.69 million and 7.691 million vehicles were produced and sold, a year-on-year decrease of 10.5% and 12.1%. In April, the automobile production and sales decreased significantly, and the sales volume of that month fell below 1.2 million, the lowest monthly level in the same period in the past decade; Both passenger cars and commercial vehicles showed a sharp decline month on month and year on year. As the main end-user in the zinc market, the production and sales of the automobile industry fell sharply, and the demand of the zinc market fell seriously. In the absence of major positive incentives, the sales volume of the automobile industry is expected to decline, and the demand of the zinc market is less than expected.

Aftermarket forecast

According to the analysts of business agency, the supply and demand of zinc market slowly recovered in May, but the overall supply recovery speed was ahead of the demand recovery speed. Affected by the control, the demand of zinc market was expected to decline, and the support for the future rise of zinc market was insufficient. In the future, with the gradual progress of the resumption of work and production, the supply and demand of zinc market grew slowly, and the zinc price is expected to stop falling and recover. However, there is limited room for the rise of zinc price, and it is expected that the zinc price will rise slightly in the future.

1、 Price trend

According to the bulk data list of the business agency, the average price of domestic phosphoric acid on May 30 was 11280 yuan / ton, up 1.08% from the beginning of last week and 92.27% from the same period last year.

2、 Market analysis

This week, phosphoric acid enterprises continued to raise their prices slightly, mostly moderately based on their own shipment, and the overall focus of the market moved up. However, the shipment situation after the rise was more general. Both the buyer and the seller were on the sidelines, and the market trading was tepid. Up to now, the price of raw materials is about 38000-40000 yuan / ton, and the market price of phosphoric acid is about 11000-12800 yuan / ton. The quotation in Sichuan is about 10600-11300 yuan / ton, that in Hubei is 11000-12500 yuan / ton, that in Shandong is 11000-12000 yuan / ton, and that in Jiangsu is 11000-12000 yuan / ton.

As for phosphate rock, according to the monitoring data of business news agency, as of May 24, the reference average price of 30% grade phosphate rock in the mainstream areas in China was around 870 yuan / ton. Compared with May 1 (the reference price of phosphate rock was 763 yuan / ton), the price increased by 107 yuan / ton, or 13.97%.

Yellow phosphorus, the market price of Yunnan Guizhou yellow phosphorus rose sharply this month. The average price of yellow phosphorus at the beginning of the month was 36500 yuan / ton, and the average price at the end of the month was 39500 yuan / ton. The price increased within the month by 8.22%.

3、 Aftermarket forecast

According to the phosphoric acid analysts of the business society, the raw materials have been consolidated at a high level recently, the phosphoric acid market has risen and shipped in general, and both the buyer and the seller are on the sidelines. It is expected that the phosphoric acid market will remain stable and fluctuate in a narrow range in the short term.

Price trend

According to the data of the bulk list of the business community, the domestic PC market fell last week, and the spot prices of various brands decreased. As of May 27, the reference offer of PC sample enterprises of business club was about 21333.33 yuan / ton, up or down -2.44% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the domestic bisphenol a market fell this week. The raw material phenol and acetone plants were all on the rise at the weekend. Although the market was not followed up enough, the offer of the on-site cargo holders was firm and the cost side was well supported. However, the downstream epoxy resin and other markets declined broadly. Although the goods holders offered profits, the actual single trading was still limited, and the pessimism in the market was aggravated.

The upstream bisphenol a market weakened, and the PC cost side support was cut. In terms of industry load, recently, the load of domestic PC enterprises has generally run sideways, with abundant spot goods on the floor, and the supply side is difficult to support the spot price. In terms of downstream demand, the operating rate of terminal enterprises is limited due to a variety of factors, and the goods taking situation is poor. The superimposed health events still have an impact on some parts of eastern China, and some transportation is still affected by them and it is difficult to increase the volume. The market is dominated by small orders, buyers’ mentality of buying up but not buying down spreads, merchants’ confidence is not strong, and offer to make profits on the market.

Aftermarket forecast

According to the analysts of the business agency, the domestic PC market continued to fall this week, the upstream bisphenol a market weakened, and the cost side’s support effect on PC weakened. On the supply side, the on-site source of goods tends to be abundant, on the demand side, the spot trading is relatively light, and the on-site actual trading volume is insufficient. It is expected that the spot price may continue to be weak in the short term.

According to the monitoring sample data of business society, as of May 26, the average price of melamine enterprises was 10125.00 yuan / ton, down 0.49% compared with the price on May 20, 0.41% compared with the price on April 26, and 17.91% year-on-year in a three-month cycle.

Recently (5.20-5.26), the melamine market is weak. Recently, the price of raw material urea has declined, but it is still high, the cost support is still strong, the operating rate of melamine is at a high level, the demand side has not been significantly improved, the downstream consumption and follow-up ability of melamine is insufficient, the manufacturer’s shipment is under pressure, the market trading atmosphere is flat, and the price of melamine has fallen.

For upstream urea, the comprehensive price of domestic urea fell slightly on May 25, down 10 yuan / ton or 0.31% compared with the price on May 24, up 38.63% year-on-year compared with the same period last year. The prices of upstream coal and liquefied natural gas fluctuated slightly, and the cost support was general. From the perspective of demand: agricultural demand is weakened, industrial demand is general, and downstream customers have a strong wait-and-see attitude towards high price urea. From the perspective of supply: there are many urea maintenance manufacturers, and the supply is reduced. The policy of ensuring supply and price stability remains unchanged.

According to melamine analysts of the business community, the current raw material urea price is high, the cost pressure is still there, the supply side starts at a high level, the demand side performs poorly, and the supply and demand support is insufficient. It is expected that in the short term, the melamine market may be dominated by weak consolidation.

According to the monitoring data of business agency, the average price of domestic methanol market was 2650 yuan / ton on May 25, down 0.19% from the previous trading day and 1.03% year-on-year. On May 25, methanol futures in Zhengzhou Commodity Exchange rebounded after a weak decline. The main contract ma2209 closed at 2737 yuan / ton at the end of the trading day, up 11 yuan / ton compared with the closing of the previous trading day. As of the closing, the position of ma2209 contract was 949300 hands, an increase of 5400 hands compared with the previous trading day. The price of raw coal and oil price are strong, and the MTO of Tianjin Bohai Chemical downstream is expected to be put into operation. At present, the supply side is relatively abundant. Under the current situation, the game between supply and demand. Fan Tinglu, methanol analyst of business society, predicts that the domestic methanol market will be dominated by shock consolidation in the short term.

Price rise and fall chart of methanol industry chain of business society:

Summary of methanol market prices in various regions as of May 25:

Region, Price

Qinghai region, No quotation

Shanxi region ., 2480-2490 yuan / ton factory withdrawal cash exchange

Liaoning Province, 2740 yuan / ton to cash exchange

Fujian Province, RMB 2780-2820 yuan / ton, ex warehouse cash exchange nearby

Lianghu area ., Negotiation reference: 2850-2870 yuan / ton, delivered to cash exchange

Anhui region ., About 2780 yuan / ton

Henan region ., Factory reference 2630 yuan / ton factory withdrawal cash exchange

Comparison chart of price trend of coal / steam coal (upstream raw material) – methanol in shanghaishe:

Comparison chart of natural gas (upstream raw material) – methanol price trend of business community:

In terms of external market, as of the closing on May 24, CFR Southeast Asia methanol market closed at US $408.50-409.5/ton. US Gulf methanol market closed at 97.50-98.00 cents / gallon, up 1 cent / gallon; The closing price of FOB Rotterdam methanol market was 364.00-364.50 euros / ton, up 2 euros / ton.

region ., country., Closing price, Rise and fall

Asia, CFR Southeast Asia, 408.50-409.5 USD / ton, USD 0 / ton

Europe and America, The Gulf of the United States, 97.50-98.00 cents / gallon ., 0 cents / gallon

Europe, FOB Rotterdam, 364.00-364.50 euros / ton, 2 euros / ton

According to the analysis of CITIC futures, the marginal supply and demand of methanol has weakened, the support at the valuation end is strong, and the core logic of methanol interval fluctuation (weekly view) is as follows:

The overall upstream shipment this week was general. The upstream inventory is low, the source of goods available for sale is limited, most of the main factories in Northwest China are loaded in limited quantities, the driving force of profit making shipment is not strong, the downstream receives goods at a lower price, and just needs to purchase. Under the negotiation stalemate, the overall transaction is light. The low price transaction in the port is good, the high price transaction is poor, and the basis is strong first and then weak.

From the perspective of valuation, we believe that the near end valuation of methanol is low and there is support in the medium and long term. The price of coal from the near origin has risen to a high level, the price of coal from the northwest methanol plant has been close to 1100, and the price of coal from Henan, Shandong and other places has reached 1400-1500. Some enterprises have serious losses, the profit of downstream olefins is OK, and the valuation of methanol is low. In the medium and long term, the oil price may fluctuate at a high level, the peak of coal and electricity consumption is approaching, and the role of coal in supporting the bottom of methanol after double track is enhanced, which supports the valuation of methanol.

From the perspective of supply and demand drive, the maintenance capacity of more than 4 million tons of methanol in the northwest of the near end is concentrated and resumed production, the commencement of downstream MTO is reduced, and the supply and demand is weakened periodically. In the medium and long term, the supply is expected to increase with the return of maintenance units at home and abroad, the recovery of output and the new production; The domestic epidemic situation continues to improve, and there will be expectation of replenishment of traditional and energy demand or storage. However, the downstream of formaldehyde and other products will gradually enter the seasonal off-season, and the incremental space is limited. Therefore, under the double increase of supply and demand in the later stage, the elasticity of demand increase may be less than that of supply increase, and the expectation of supply and demand is loose. However, it is necessary to pay attention to the disturbance of coal price trend on methanol supply side and the production progress of Bohua MTO.

On the whole, the near end methanol overhaul capacity is concentrated and resumed production, the downstream MTO operation decreases, and the supply and demand weakens periodically. In terms of valuation, coal prices rose to a high level, some enterprises suffered serious losses, the downstream olefin profits were acceptable, the valuation of methanol was low, and the downward space of methanol was limited under the support of short-term costs. In the medium and long term, the trend of methanol will still be affected by energy prices and the epidemic. The high level of crude oil is expected to fluctuate, the peak of coal and electricity consumption is approaching, and the price constraint is weakened after the dual track operation of coal, which will enhance the bottom supporting effect on methanol and support the valuation end of methanol. From the perspective of supply and demand, under the double increase pattern of methanol supply and demand in the medium term, the elasticity of supply increase may be higher than that of demand increase. It is expected that the weakening of the margin of supply and demand may inhibit the space above methanol, but attention should be paid to the supply side under cost pressure and the production progress of Bohai Chemical MTO.

Cobalt prices stabilized after falling this week

According to the monitoring data of business society, the cobalt Market stabilized after falling this week, and the cobalt price was weak and stabilized. As of May 23, the average price of cobalt was 495900 yuan / ton, down 2.86% from 510500 yuan / ton on May 16 at the beginning of last week; Compared with the cobalt price of 540000 yuan / ton on May 1, it fell by 8.17%. The supply and demand of cobalt market were both weak, and the cobalt price stabilized after falling this week.

The output of ternary battery decreased

In April, China’s ternary battery output was 12.6gwh, with a month on month decrease of 27% and a year-on-year increase of 55%; In April, China recovered 19421 tons of used lithium batteries, with a month on month increase of 1.2% and a year-on-year increase of 31%. In April, the output of negative electrode materials in China was 101500 tons, with a month on month increase of 15% and a year-on-year increase of 69%. Recently, the market demand for cobalt salt, ternary and lithium cobaltate has been sluggish, mainly for procurement, the inventory of downstream enterprises is low, the demand of cobalt market is sluggish, the rising power of cobalt market is insufficient, and the downward pressure is great.

International cobalt prices fell

Time, Category and specification, minimum price., Up and down, The highest price, Up and down, Company

May 16, Standard grade cobalt, 39.75., 0 ., forty point two five ., 0 USD / lb

May 16, Alloy grade cobalt, 39.75., 0 forty point five ., 0 USD / lb

May 17, Standard grade cobalt, 39.75., 0 ., forty point two five ., 0 USD / lb

May 17, Alloy grade cobalt, 39.75., 0 ., forty point five ., 0 USD / lb

May 18, Standard grade cobalt, thirty-nine point seven .,- zero point zero five ., forty point two five ., 0 USD / lb

May 18th ., Alloy grade cobalt, 39.75., 0 ., forty point five ., 0 USD / lb

May 19th ., Standard grade cobalt, 39.7., 0 ., forty point two five ., 0 ., USD / lb

May 19th ., Alloy grade cobalt, thirty-nine point seven five ., 0 ., forty point five ., 0 USD / lb

May 20, Standard grade cobalt, 39.4., – 0.3., forty point one five .,- zero point one ., USD / lb

May 20, Alloy grade cobalt, 39.4., – zero point three five ., forty point three .,- zero point two ., USD / lb

May 23rd ., Standard grade cobalt, 39.4., three ., forty point one five ., 0 ., USD / lb

May 23, Alloy grade cobalt ., thirty-nine point four ., 0 ., forty point three ., 0 ., USD / lb

As can be seen from the price list of MB cobalt, the price of MB cobalt fell slightly this week, the international price of cobalt fell, and the cobalt market fell. The negative impact on the domestic cobalt market has increased, and the downward pressure on the domestic cobalt price has increased.

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 output of ternary batteries has declined, and the demand for cobalt has declined; The supply side is relatively stable, and the downward pressure on cobalt prices is increasing. In the future, the demand of cobalt market is weak, the demand of cobalt market is expected to grow slowly, and the space for cobalt price decline is limited. It is expected that the future cobalt price will fluctuate and adjust at about 500000 yuan / ton.

1、 Price trend

According to commodity data monitoring, titanium dioxide prices fell during the week. The average price of titanium dioxide in China was 20950 yuan / ton on May 13 and 20666.67 yuan / ton on May 20. The price decreased slightly within the week, with a range of 1.35%.

2、 Market analysis

The market price of titanium dioxide decreased during the week. The domestic titanium dioxide market is relatively light, the market maintains rigid demand, traders are more cautious in taking goods, and the downstream mainly purchases on demand. Internationally, the market situation is good and export orders are good. On the whole, the titanium dioxide market is dominated by the delivery of early orders. The actual transaction price is subject to single negotiation. Up to now, the factory quotation of domestic rutile titanium dioxide with tax is 19600-22000 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 18000-19500 yuan / ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi continued to decline this week. The market price of titanium concentrate in Panxi fell. The titanium ore market is cold, there are few inquiries, and the new order is not good. The downstream demand is general, mainly rigid demand, which is relatively wait-and-see. Up to now, the tax free quotation of 38 grade titanium ore is about 1550 yuan / ton, that of 46 grade 10 titanium ore is about 2220-2260 yuan / ton, and that of 47 grade 20 ore is about 2450-2550 yuan / ton. In the short term, the titanium concentrate market is more wait-and-see, dominated by weak and stable operation, and the actual transaction price is discussed.

In terms of sulfuric acid, the prices of mainstream domestic sulfuric acid manufacturers fell slightly during the week. The price of sulfuric acid fell from 1092.00 yuan / ton on May 14 to 1072.00 yuan / ton on May 20, down 1.83%. The manufacturer’s inventory is general, and the downstream demand is weakened. In late May, the domestic sulfuric acid market may fluctuate and fall slightly. The upstream sulfur market has gradually risen recently, and the cost support is good. The downstream hydrofluoric acid market was consolidated at a high level, the downstream titanium dioxide market fell slightly, the downstream customers’ enthusiasm for purchasing sulfuric acid weakened, and the product trend declined under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in the domestic sulfuric acid Market in the short term, the market price of sulfuric acid may fluctuate and fall slightly.

3、 Future forecast

Titanium dioxide analysts of business society believe that: at present, the market price of titanium dioxide has fallen, the domestic market is still cold, the transaction is poor, and the downstream demand is general. The price of raw titanium concentrate decreased slightly, the price of sulfuric acid decreased slightly, and the cost support was weak. It is expected that in the short term, the titanium dioxide market will mainly maintain stable operation, and the actual transaction price will mainly be negotiated.

Recent price trend of isooctanol

As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell first and then rose this week. This week, the average ex factory price of mainstream isooctanol manufacturers in Shandong fell from 12700.00 yuan / ton on May 14 to 12500.00 yuan / ton on May 17, down 1.57% Then it rose to 12666.67 yuan / ton on May 20, an increase of 1.33%, a year-on-year decrease of 12.64% compared with the same period last year. On May 20, the isooctanol commodity index was 93.14, unchanged from yesterday, down 32.26% from the highest point 137.50 in the cycle (2021-08-08), and up 164.98% from the lowest point 35.15 on February 1, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The upstream support is weakened and the downstream demand is better

From the perspective of manufacturer’s quotation, the ex factory quotation of mainstream manufacturers of isooctanol in Shandong decreased slightly this week: the octanol unit of Jianlan chemical is under maintenance; The quotation of lihuayi isooctanol this weekend is 12600 yuan / ton, which is temporarily stable compared with last weekend; Hualu Hengsheng offered 12800 yuan / ton of isooctanol this weekend, down 100 yuan / ton compared with last weekend.

From the upstream raw material market of isooctanol, the propylene market fell slightly this week. The quotation fell from 8576.60 yuan / ton last weekend to 8330.60 yuan / ton on May 20, down 2.87%, up 2.88% year-on-year over the same period last year. The market price of upstream raw materials fell slightly and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the ex factory price of DOP rose slightly this week. The DOP price rose from 11862.50 yuan / ton last weekend to 12000.00 yuan / ton this weekend, an increase of 1.16%, down 9.43% year-on-year compared with the same period last year. Downstream DOP prices rose slightly, and downstream customers were more enthusiastic about purchasing isooctanol.

The upstream support is weakened, the downstream demand is good, and isooctanol is bullish in the future

In late May, the market trend of Shandong isooctanol may fluctuate slightly and rise mainly. The upstream propylene market fell slightly, the cost support weakened, the downstream DOP market rose slightly, and the downstream demand was better. Analysts believe that the domestic market will be mainly affected by the short-term fluctuation of raw materials and octanol market.

The price of acetic anhydride stabilized after rising this week

According to the data monitoring of business society, the price of acetic anhydride stabilized after rising this week, and the market of acetic anhydride stabilized. As of May 16, the price of acetic anhydride was 8525.00 yuan / ton, stabilizing from 8525 yuan / ton on May 9 at the beginning of the week; The price of acetic anhydride increased by 14.62% from 7437.50 yuan / ton on May 1 at the beginning of the month. The price of acetic anhydride manufacturers was stable, and the price of acetic anhydride increased by nearly 1500 yuan / ton after the festival.

The price of raw material acetic acid fluctuated and rose

It can be seen from the correlation statistics of business society that the correlation coefficient between acetic anhydride and acetic acid from May 2021 to April 2022 is 0.958, and acetic anhydride and acetic acid are highly positively correlated. As can be seen from the price trend chart of acetic acid in business society, the price of acetic acid stabilized after a sharp rise this week, with an increase of 7.19%. Some acetic acid enterprises stopped production and maintenance, the operating rate of acetic acid enterprises decreased, the supply of acetic acid decreased, the driving force for the rise of acetic acid increased, the cost of acetic anhydride increased, and the driving force for the rise of acetic anhydride was large.

The price of raw material methanol stopped falling and stabilized

As can be seen from the methanol price trend chart of business club, the methanol price stopped falling and stabilized this week, and the overall methanol price stabilized. As of May 16, the methanol price was 2642.50 yuan / ton, down 3.91% from 2750 yuan / ton on May 9; Compared with the price of 2745 yuan / ton on May 1 at the beginning of the month, the price of methanol decreased by 3.73%. After the fluctuation and decline of methanol price this week, the methanol market stabilized. This week, the price of methanol stabilized, the cost of acetic anhydride decreased, the downward pressure of acetic anhydride remained, and the upward momentum weakened.

Outlook

Analysts of acetic anhydride data of business society believe that the raw material methanol stabilizes after falling, the price of acetic acid stabilizes after rising sharply, and the cost of acetic anhydride stabilizes after rising; This week, acetic acid enterprises stopped production for more maintenance, the supply of acetic acid decreased, and the driving force of acetic acid rise was large; The price of acetic anhydride raw materials is relatively high, the cost of acetic anhydride rises, and the driving force of acetic anhydride rise is relatively large. Generally speaking, the price of acetic anhydride raw materials will stabilize in the future, and it is expected that the price of acetic anhydride will stabilize in the future.