According to the data monitored by the business agency, on June 1, the domestic industrial grade first-class potassium nitrate was quoted at 4262.50 yuan / ton, while on June 29, it was 4187.50 yuan / ton, a decrease of 1.76%. The current price fell by 1.76% month on month, and the current price was 1.76% lower than that of last year.

In June, the domestic market of potassium nitrate fell. On the whole, the operating rate of potassium nitrate manufacturers was at a low level, the overall inventory of potassium nitrate was acceptable, the downstream purchasing volume was on the low side, and a small amount of replenishment was made up. There was basically no stock situation, and the price of potassium nitrate fell. According to the statistics of the business agency: this week, the domestic mainstream manufacturers of potassium nitrate quoted 4000-4400 yuan / ton (the quotation is for reference only), and the quotations vary according to different purchasing situations.

In the near future, the domestic supply of potassium chloride in the upstream is sufficient. The port is in the process of arrival, among which the quantity of the southern port is higher than that of the northern port, and the overall source of imported potassium is at a high level, and the goods are moving slowly. The overall transaction of new orders is relatively slow, and the price remains stable. Limited support for potassium nitrate.

Potassium nitrate analysts of the business agency believe that: in the near future, the domestic potash fertilizer market trend is relatively stable, the domestic supply of goods is relatively sufficient, the inventory pressure is large, and the actual transaction is general. It is expected that the market price of potassium nitrate will mainly fall below in the short term.

1、 Price trend of sodium pyrosulfite in China

According to the monitoring of the business association, the domestic price of sodium pyrosulfite continued to move forward steadily this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 1526.67 yuan / ton, and the average price at the end of the week was 1526.67 yuan / ton, up or down by 0.

2、 Market analysis

This week, the trading volume of sodium pyrosulfite market is still light. The market price range of industrial grade sodium pyrosulfite is 1300-1600 yuan / ton, and most of the prices are concentrated in 1400-1500 yuan / ton. The actual transaction price is generally lower than the external quotation. On the whole, the downstream demand continues to be weak, the stock of sodium metabisulfite continues to be overstocked, the upstream raw material price continues to be low, and many negative factors suppress it. This week, the domestic market price of sodium metabisulfite continues to run at the bottom. (the above prices refer to the foreign quotations of domestic mainstream enterprises, some of which are temporarily excluded from the scope. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. For details, please contact each manufacturer for consultation).

This week, the price of soda ash fell by 1.3%, the price of sulfur rose by 2.08%, the overall cost of raw materials continued to move forward in a small fluctuation at the bottom, and the market price of sodium metabisulfite was under pressure.

3、 Future forecast

Analysts of business club believe that in the short term, the problem of strong supply and weak demand in domestic sodium metabisulfite market is hard to change, and the market price of sodium metabisulfite will continue to run at the bottom.

1、 Price trend

In June, the domestic LNG market showed a steady rising rhythm in the first ten days, and began to decline after the middle ten days, with little price change this month. According to data monitoring of business agency, the average price of LNG on June 24 was 2473.33 yuan / ton, up 0.13% compared with the beginning of the month, and down 26.32% compared with the same period last year.

Good maintenance to support domestic LNG start to rise

In June, the decline of domestic LNG slowed down and rebounded slightly. Since June 15, the pipeline maintenance of the fifth processing plant of CNPC has also affected the production of some liquid plants. Moreover, due to the low price of domestic LNG, some enterprises have entered the maintenance stage ahead of time due to cost considerations, As a result, in June, most of the maintenance enterprises reduced their production and boosted the market. After continuous price reduction and sales, the inventory pressure was eased, and the delivery situation was improved. The liquid factory took advantage of the situation to push up tentatively. On the whole, the overhaul tide of the liquid plant injected vitality into the sluggish domestic LNG market, and the liquid price stopped falling and rebounded. According to the data monitoring of the business agency, the average price of LNG on June 11 was 2503.33 yuan / ton, 1.35% higher than 2470 yuan / ton at the beginning of June. Restricted by the consumption season, the increase was not significant.

Negative air around domestic LNG overall decline

The favorable support brought by the maintenance tide is limited, the demand is reduced in the off-season of consumption, and the added breath is greatly used for profit promotion. The shipping schedule is tight, the battle between land and sea is becoming more and more fierce, the domestic liquid plants are not successful in supporting the market, the upward path of LNG is fleeting, and it will continue to decline after the short-term stability in the middle of the year. Recently, the environmental protection problem is serious, the domestic liquid factory’s shipment has been restrained to a certain extent, and the price is under pressure. Close to the Dragon Boat Festival holiday, high-speed traffic restrictions, liquid factory price reduction clear inventory strong psychology, it is expected that liquid price is difficult to have upward expectations.

According to the data monitoring of business agency, as of June 24, the average price of domestic LNG is 2480 yuan / ton, the price in Inner Mongolia is around 2460-2500 yuan / ton, the price in Shaanxi is around 2480 yuan / ton, the price in Shanxi is around 2460 yuan / ton, the price in Xinjiang is around 2550-3800 yuan / ton, and the rise and fall of liquid prices in various regions are mutually increasing.

The figure above shows the natural gas import volume from 2019 to 2020, showing the stable growth of natural gas import. In May, 7.84 million tons of natural gas were imported. From January to may, China imported 40.12 million tons of natural gas, an increase of 1.9% over the same period last year. The average import price was 2642.1 yuan per ton, down 14.7%. Because China’s natural gas consumption is relatively large, domestic gas can not be fully replenished, but also depends on a large number of imports. As a kind of clean energy, natural gas has gradually become an essential energy in the industrial field, people’s life and public service. At present, the price of imported gas is low, which constantly impacts the domestic LNG market. Under the pressure of supply exceeding demand, domestic LNG is in a difficult situation.

At present, the production of dichloromethane is at a high level, and the spot market supply is sufficient. However, the demand in the downstream market is weak, and the situation that the market supply exceeds the demand is gradually emerging. In order to prevent the increase of the future market pressure, the enterprises will immediately yield profits for shipment, and the competitive sales among enterprises is obvious. It is expected that the dichloromethane market will operate in a weak position in a short period of time, with limited space for downward adjustment.

Liquid ammonia, some urea plants in Shandong are difficult to recover in the near future, and the liquid ammonia will remain high. Affected by the market demand backlog, the shipments in the surrounding market are still under pressure. Therefore, the price of liquid ammonia will remain relatively low in the near future. In the near future, we should pay attention to the news that the urea plant of Shandong enterprises is properly restored. It is expected that if the plant of the enterprise is stable, the price of liquid ammonia may rebound.

Urea, the recent start-up of enterprises still slightly fell, the market supply is relatively sufficient. In North and central China, wheat harvest season has come to the end, and agricultural demand has declined slightly. The procurement of downstream compound fertilizer and plate enterprises is more cautious. They usually purchase as needed, use as they choose, and follow up as appropriate. It is expected that the short-term urea market will fluctuate slightly: the average price quoted by the manufacturer is about 1630 yuan / ton.

Domestic LNG may continue to decline due to limited demand in off-season

According to the LNG analyst of business club, the current market demand is limited in the off-season, the price reduction and promotion of liquid plants before the festival are obvious, the maintenance is good and the support is fading, and the domestic LNG market is expected to continue to decline in the short term.

According to the data of the business club’s bulk list, the domestic ABS market has been active since June, and the spot market price has continued to rise. As of June 22, the main offer price of general-purpose ABS was about 13300.00 yuan / ton, an increase of 5.98% compared with the average price at the beginning of the month.

Factor analysis:

In all upstream aspects of ABS, in June, the mainstream price of styrene in China fluctuated. According to the monitoring of the business club, the mainstream price of styrene in China fell slightly last week, from Friday of the second week to the beginning of the third week, and then to the weekend. On June 12, the price of sample enterprises of business agency was 5550.00 yuan / ton, and on June 15, the price was about 5383.33 yuan / ton. As of June 19, the price of sample enterprises was 5483.33 yuan / ton, down 1.20%. The price is 39.63% lower than the same period last year. In terms of inventory, the oversupply situation has not changed in the short term, and the mainstream inventory is still high. Total inventory in East China this week was 379700 tons, up 4.46%. At present, the arrival cargo volume is too large, and it is expected that the inventory volume in East China reservoir area will still rise in the near future. In the short term, the storage capacity of the warehouse is tight, and the pressure of spot selling continues to increase due to the further increase of regional security inspection, epidemic prevention and storage freight. With the sharp rise of ethylene price in the week, the cash flow of domestic styrene plants further compressed, and some plants entered the stage of loss, and the plan of load reduction for parking was initially realized. The demand of colleagues’ downstream end is optimistic and the operating rate is expected to remain high next week. In terms of raw materials, the trend of crude oil in the near future has fluctuated, with weak consolidation. Last week, pure benzene upstream of styrene fell. The trend of crude oil, ethylene and pure benzene has a great impact on the trend of styrene. It is expected that the trend of styrene will be dominated by weak shocks next week, and the market needs to pay close attention to the trend of crude oil price;

In recent years, the market performance of acrylonitrile in China is not good. At present, the operating rate of domestic production enterprises has increased, and the market is expected to be oversupplied. Carefully prepare the goods downstream and take them as you use them. The demand is not strong, the mentality of businesses is hit, the actual trading is less, and the acrylonitrile market is expected to be weak;

The domestic butadiene market has been weak recently. According to the monitoring price of the business agency, as of June 22, the price of the domestic butadiene market was 3456.67 yuan / ton, an increase of 16.51% compared with the beginning of the month. Recently, the performance of the external market is stagnant, and the maintenance of some devices is gradually over, so it is difficult for the market supply to have a positive boost. The downstream operating rate is temporarily at a high level, and the demand is supported by the market bottom. Butadiene analysts of the business agency expect that the domestic butadiene market will continue to be weak in the short term, and suggest that they pay attention to the guidance of internal and external trading;

Recently, the domestic ABS market has remained stable. Last month, the relevant provisions of the “one helmets and one belt” safety guard action still have good effects on stimulating helmet consumption. Therefore, the operating rate of ABS petrochemical plant in China is almost full load operation, and the industry operating rate is nearly 98%. The existing inventory is still at a low level, and the lack of spot circulation in the market is the driving force to support the firm price of the merchants. At present, the interest yield intention is relatively low. The demand of downstream factories decreased, and the follow-up of actual orders decreased.

Future forecast:

Business analysts think: the ABS market level in the third week of June, the prices of various brands are high. Cost side of the upstream three material recent trend up and down, the cost of general support. At present, ABS spot supply is still less, the downstream of ABS high price goods have resistance. At present, merchants have a stable mentality and limited margin of profit. It is expected that the domestic ABS price will continue to be stronger in the near future.

According to the price monitoring of the business agency, on June 22, the domestic polyester filament market showed a slight decline in various products, of which the decline of polyester FDY on that day was 1.69%, the most obvious. The price of polyester FDY (150D / 96F) of mainstream factories in Jiangsu and Zhejiang was 6150-6450 yuan / ton. The textile industry has gradually entered the traditional off-season, with low enthusiasm for raw material procurement and general transaction atmosphere, which has hindered the price.

Average market price of polyester filament, unit: yuan / ton

Product 2020-6-21, 2020-6-22 up and down year on year

Polyester FDY (150D / 96F) 6423 6315 – 1.69% – 24.37%

Polyester POY (150D / 48F) 5694 5674 – 0.35% – 29.46%

Polyester DTY (150D / 48F low elastic) 7357 7320 -0.51% – 23.11%

In PTA market, the average market price on the 22nd was 3685 yuan / ton, down 0.29% compared with the previous day, down 38.30% year on year. At present, PTA social inventory is close to 4 million tons, still at a high level. As the 2.2 million ton plant of Hanbang Petrochemical started to heat up and restart on 18th, the 400000 ton plant of Shanghai Jinshan Petrochemical Co., Ltd. was put into operation again on 21st. At the same time, the 2.5 million ton new plant of Hengli at the end of the month is expected to be put into operation, and PTA market supply will increase in stages, which is not conducive to inventory digestion. In addition, PTA processing fee is still close to 700 yuan / ton, and the manufacturer is still in a good profit state, which does not exclude the possibility of postponement of factory maintenance plan.

In the middle and last ten days of June, the off-season atmosphere of the textile and weaving market gradually deepened, especially in the off-season of a special year. Most of the weaving enterprises began to significantly reduce the start-up rate, and the comprehensive start-up rate of Jiangsu and Zhejiang looms was reduced to around 62%. It seems that the factories that guaranteed the start-up rate in the early stage have unified the previous holidays in the near future, and the whole market is full of holidays and production stops. The phenomenon of postponement and extension of payment for goods has increased, especially for foreign trade orders. One month’s extension is not a postponement, and foreign trade enterprises are under great pressure.

According to the latest statistics of the General Administration of Customs of China, China’s textile and garment exports in May 2020 reached US $29.554 billion, an increase of 38.36% on a month on month basis, including US $8.905.7 billion for clothing (including clothing and accessories), a decrease of 26.93% on a year-on-year basis. From January to may 2020, China’s cumulative exports of textiles and clothing amounted to US $97.965 billion, a year-on-year decrease of 0.80%, of which the cumulative exports of clothing amounted to US $38.213 billion, a year-on-year decrease of 22.80%.

Xia Ting, an analyst with business club, believes that PTA supply has improved recently. In the context of high inventory, in the traditional off-season of terminal, there is insufficient motivation for continuous rebound, and there is doubt about the cost support. In addition, at the demand level, the demand for domestic sales is reduced, and it is difficult to make a breakthrough in export sales. The factory inventory is increased, and there is no further improvement momentum in the follow-up. Therefore, polyester filament prices continue to weaken more likely.

According to the price monitoring data of business agency, as of June 19, the reference average price of domestic n-propanol including packaging mainstream area was around 11900 yuan / ton, with an average price increase of 200 yuan / ton or 1.71% compared with the beginning of this week (15 days). Compared with the price on June 1, the average price increased by 733 yuan / ton, or 6.57%.

In the first ten days of June, the overall high and stable operation of n-propanol Market

Since the second quarter, the market of n-propanol has been constantly rising, and the strong trend in the early stage has given strong support to the market in June. In June, the first few days of the month, driven by the slight rise of isopropanol market again, the market of n-propanol keeps up with the rising sentiment. As of June 4, according to the monitoring data of the business society, the ex factory quotation of domestic n-propanol refers to 11700 yuan / ton (including packaging), compared with that at the end of May Up 533 yuan / ton. Then the overall market high stable operation to the middle of the year, there are many dealers according to their own inventory and delivery place and other factors to adjust the factory offer, but the overall market trend is less affected.

The market of n-propanol rose again this week

On Monday (15th), with the rise of upstream propylene and the continuous rise of raw material ethylene, and although the price of isopropanol has fallen, it is still high as a whole, so the market demand for n-propanol is still on the rise, and the supply is tight. Some n-propanol manufacturers and distributors will raise the ex factory price of n-propanol again, with an increase of 200-500 yuan / ton, until the domestic market of n-propanol is on the rise This week it’s up again.

At present, as of June 19, Nanjing: the manufacturer, Nanjing Rongxin Chemical Co., Ltd., has normal operation of 30000 T / a n-propanol plant. The ex factory quotation of n-propanol for external bulk water is 11000 yuan / ton (cash purified water ex warehouse price), which is 500 yuan / ton higher than that at the beginning of June. At present, the inventory is not much and the goods are delivered as planned. Nanjing nooo new material 100000 t / a n-propanol plant is in normal operation, with a quotation of 10700 yuan / ton, up 200 yuan / ton from the beginning of June, and the inventory is tight. Shandong Province: the overall inventory of n-propanol market is low. The ex factory quotation of n-propanol including packaging is around 11600-12000 yuan / ton, the price is around 200-500 yuan / ton compared with last week, and the rare high-end quotation is around 12500 yuan / ton (barreled ex factory); the ex factory price of purified water is around 10500-11000 yuan / ton, the price is around 500-1000 yuan / ton compared with last week, and the rare high-end quotation is around 500-1000 yuan / ton Up to 11300 yuan / ton. Shanghai: with the increasing market price of domestic n-propanol, the price of imported n-propanol has also been greatly increased by traders. According to the understanding of the business agency, the self offered price of imported n-propanol (Taiwan barreled) port of Shanghai Yilian Chemical Co., Ltd. has risen to 13500 yuan / ton, 1500 yuan / ton, or 12.5% higher than that in May.

According to the data monitoring of business agency, the latest price of n-propanol of some enterprises in China this week (for reference only):

Enterprise name price type price (yuan / ton including tax) specification remarks time

Nanjing Rongxin Chemical Co., Ltd. ex factory price: 11000 yuan / ton, purified water content ≥%: 99.5, grade: excellent, June 16, 2020

Shandong fengcang Chemical Co., Ltd. market price: 11600 yuan / ton barrel content ≥%: 99.5; grade: superior; June 17, 2020

Ningbo Haorui Chemical Co., Ltd. market price: 11600 yuan / ton barrel content ≥%: 99.5; grade: superior; June 17, 2020

Aite (Shandong) new materials Co., Ltd. ex factory price: 11000 yuan / ton, net water content ≥%: 99.5, grade: superior, June 18, 2020

Jinan today he Chemical Co., Ltd. factory price: 11300 yuan / ton net water content ≥%: 99.5; grade: superior; June 19, 2020

Jinan Mingwei Chemical Co., Ltd. factory price: 11000 yuan / ton, purified water content ≥%: 99.5, grade: superior, June 19, 2020

Nanjing Noor new materials Co., Ltd. ex factory price: 10700 yuan / ton, purified water content ≥%: 99.5, grade: superior, June 19, 2020

Jinan pulihua Chemical Co., Ltd. factory price: 10800 yuan / ton net water content ≥%: 99.5; grade: superior; June 19, 2020

Upstream, the market price of propylene in Shandong continued to rise this week. After a week’s rally in early June, Shandong propylene market showed a significant correction in the middle of the price. According to the price of the business agency, last week’s 7-day cumulative decline of 350 yuan / ton. But at the end of the week, the price stopped falling and recovered. Today, the price has risen 250-350 yuan / ton continuously. Now, the market turnover is between 6750-6950 yuan / ton, and the mainstream price is about 6750 yuan / ton. At present, propylene manufacturers are in good condition of delivery, no inventory pressure. On the 16th of this week, the price of crude oil was significantly increased and the market was bullish, which had a certain pull-up effect on propylene. On the other hand, the downstream propylene plant has a good profit, a high enthusiasm for receiving goods, a positive market procurement and an active overall atmosphere.

In terms of raw materials, ethylene has been on the rise since the beginning of June, which supports the cost of n-propanol. The Asian ethylene market is stable. As of the 19th, CFR Northeast Asia quoted 835-845 US dollars / ton, and CFR Southeast Asia quoted 785-795 US dollars / ton. The price of European ethylene market rose. As of the 19th, FD northwest Europe quoted us $627-637 / ton. In the near future, the price of European ethylene is mainly rising, and the later price changes may be mainly affected by the upstream crude oil.

According to the prediction of the business agency: at present, the market of n-propanol is still positive, and it is expected that the market of n-propanol will continue to rise slightly in the future. The specific trend needs to pay more attention to the cost of raw materials and the supply of goods.

1、 Price trend

According to commodity data monitoring, the price of titanium dioxide decreased this week. At the beginning of the week, the average price of titanium dioxide in China was 14166.67 yuan / ton, while at the end of the week, the average price was 13866.67 yuan / ton. The price fell within the week by 2.12.

2、 Market analysis

Since June, the titanium dioxide price market has not improved, foreign trade is still weak, domestic titanium dioxide enterprises are under great pressure to ship, and the market continues to be weak. In this week, the price of titanium dioxide was lowered, and some manufacturers’ prices were lowered to varying degrees. At present, the factory price of rutile titanium dioxide with tax included is 12000-14500 yuan / ton, that of anatase titanium dioxide with tax included is 10300-11800 yuan / ton, and that of chlorination titanium dioxide is 15500-20000 yuan / ton. In terms of the current international situation, the terminal procurement wait-and-see mood is more serious, and the titanium dioxide market as a whole is weak.

In terms of raw materials, the price of titanium concentrate in Panxi area was weak and stable this week. At present, the price of 38 grade titanium ore excluding tax is 760-800 yuan / ton, that of small and medium-sized miners 46 grade, 10 grade titanium ore excluding tax is 1150-1220 yuan / ton, that of Pangang 46 grade 10 ore is 1350 yuan / ton, and that of 47 grade 20 ore is 1350 yuan / ton. The cost pressure of small and medium-sized factories is large, and the quotation is firm; the price of titanium dioxide in the lower reaches keeps low, and the delivery pressure is large, and the operation is insufficient; the price of titanium ore is difficult to rise, and it will continue to maintain stable operation.

3、 Future forecast

At present, the titanium dioxide market has entered the off-season, the demand side foreign trade is still weak, domestic demand is obvious, and the market is pessimistic. In the short term, there is no more room for price decline, but the market competition pressure is great, the market price will continue to operate at a low level, and the actual transaction price is a single negotiation.

1、 Price trend

According to the data monitoring of the business agency, as of June 16, the market reference average price of 30% grade phosphorus ore was 386 yuan / ton, which was 7 yuan / ton lower than that of June 15, down 1.69%. Compared with May 1, the average price was reduced by 20 yuan / ton, down 4.92%. On June 16, the phosphorus ore commodity index was 70.95, down 1.22 points from yesterday, down 39.77% from 117.80 (2012-07-09), the highest point in the cycle, and up 38.09% from 51.38, the lowest point on December 24, 2018. (Note: cycle refers to 2011-09-01 to now)

In the first ten days of June, China’s phosphorus ore basically maintained stable operation. Until the 16th, the domestic phosphorus ore market was affected by the price reduction of some mining enterprises in Guizhou Province, and fell as a whole. At present, the market performance is cold, the transaction is general, and the whole market is waiting. Guizhou region: in the face of the current situation of insufficient downstream demand and small volume of new single transactions, some mining enterprises in Guizhou region are not maintaining the stable price mode. On Tuesday (16th), the quotation of 20-30% grade phosphate ore was slightly reduced by 10 yuan / ton. At present, the reference quotation of 30% grade phosphate ore in Guizhou region is around 300-340 yuan / ton. Yunnan area: phosphate rock is mainly in stable operation temporarily. The quotation of 29% grade phosphate ore car plate in Yunnan is about 300 yuan / ton, the price is the same as a week ago. Hubei Province: the market of phosphorus ore is dominated by weak finishing operation. The quotation of 28% grade phosphorus ore ship plate in Liushugou, Hubei Province is 370 yuan / ton, the price is the same as that a week ago. Guangxi region: the weak market of phosphate ore slightly declined. The price of 28% grade phosphate rock in Guangxi is about 280-300 yuan / ton, and that of 30% grade phosphate rock is about 320-340 yuan / ton. Among them, the price of 30% phosphate rock of Guangxi songgan Trading Co., Ltd. is 340 yuan / ton, 10 yuan / ton compared with the previous day, and that of 28% phosphate rock is 300 yuan / ton compared with the previous day.

According to the data monitoring of business agency, on June 16, 2020, the price of phosphate rock in some parts of the country:

Enterprise name grade specification price on June 15 (yuan / ton) price on June 16 (yuan / ton) up and down remarks

Guizhou Fuquan Huifa 30% raw ore 350 yuan 340 yuan-2.85% factory price

Guizhou Fuquan Huifa 28% raw ore 310 yuan 300 yuan – 3.22% factory price

Guizhou Kaiyang mining 30% raw ore 310 yuan 300 yuan – 3.22% platform price

Guizhou Xifeng mining 30% raw ore 330 yuan 330 yuan 0 plate price

Guangxi songgan trade 30% raw ore 350 yuan 340 yuan-2.85% factory price

Guangxi songgan trade 28% raw ore 310 yuan 300 yuan – 3.22% factory price

Guizhou Qingli group 30% raw ore 300 yuan 300 yuan 0 plate price

Price of 28% high phosphorus and low magnesium ore in Liushugou Mining Co., Ltd. in Hubei Province

22% raw ore of Qidu Tiancheng Mining Co., Ltd. 140 yuan 130 yuan-7.14 plate price

In the downstream, in the first week of June, the yellow phosphorus market fell, mainly due to the overall price reduction. The main reason for the decline was that Yunnan Province entered the wet season in June. After the implementation of the wet season electricity price, the enterprise cost went down, and the yellow phosphorus market quotation fell significantly. From the beginning of the second week, the market of yellow phosphorus continued to decline. By the 11th, the market of yellow phosphorus had stopped falling and remained weak. At present, the reference price of yellow phosphorus is 15600.00, which is 5.07% lower than that of June 1 (16433.33), according to the data of business agency.

According to the phosphate rock analyst of the chemical branch of business society, at present, the downstream purchasing atmosphere of domestic phosphate rock market is cold, the output of phosphate rock is low, and the execution of new orders is less, so it is expected that the market price of domestic phosphate rock will be lowered again.

1. Trade name: silicon metal (441 #)

2. Latest price (June 16, 2020): 10650 yuan / ton

The price of 441 × silicon in each region is as follows:

The price range of metal silicon in Fujian is 10300-10400 yuan / ton, in Sichuan is 10400-10500 yuan / ton, in Kunming is 10300-10400 yuan / ton, in Shanghai is 11200-11400 yuan / ton, in Tianjin port is 10700-10800 yuan / ton, in Huangpu port is 10600-10800 yuan / ton 。

3. Analysis points:

In the early stage, the operation rate of silicon production enterprises in southwest silicon production area increased, the supply of metal silicon increased, and the silicon price slightly decreased. At present, the supply and demand are relatively stable, and the market inventory has declined slightly.

4. Future forecast: at present, there is not much trading and short-term stable operation of silicon metal.

The international oil price rose at the beginning of the week driven by the favorable OPEC + agreement. Later, the oil market was worried about the demand of crude oil market and the record high inventory in the United States. The trend of asphalt price followed the crude oil, rising first and then falling. According to the price monitoring data of business agency, the price of asphalt this week was 2312.50 yuan / ton, 1.65% higher than that of last week.

On June 7, at the OPEC + ministerial video conference, OPEC agreed to extend the 9.7 million B / D reduction by one month until the end of July. WTI crude oil and Brent crude oil prices in the United States topped $40 / barrel and $43 / barrel respectively. In the middle of the week, there is a growing concern that the outbreak will give a second strike to crude oil. Meanwhile, as of June 5, the U.S. crude oil inventory unexpectedly increased by 5.7 million barrels, to a record high of 538 million barrels, and the international oil price dropped. Driven by the crude oil market, the domestic asphalt market price rose first and then fell, but the decline was obviously small.

First of all, Sinopec refinery raised 50-100 yuan / ton, which led to the increase of market average price. In the second quarter, the consumption of asphalt gradually increased. Fixed asset investment in transportation of all provinces also increased significantly. In May, local government bonds issued RMB 1302.5 billion, the highest amount of local bonds issued in that month. Finally, the total inventory level of asphalt in domestic refineries is 25%, which is 1% lower than the previous week, and the total social inventory rate is 64%, which is 1% lower than the previous week. The increase of asphalt demand effectively supports the price of asphalt, resulting in the decline of asphalt far less than that of crude oil market.

Business analysts believe that the short-term international oil price is still facing great downward pressure, which will reduce the production cost of asphalt and suppress the willingness to purchase asphalt. It is expected that the short-term domestic asphalt price will decline slightly.