1、 Price trend

It can be seen from the above figure that the market price of isobutyraldehyde in China increased slightly this week. The average price of isobutyraldehyde in the mainstream market in China this week increased from 6666.67 yuan / ton at the end of last week to 7000.00 yuan / ton at the end of this week, an increase of 5.00%. On August 14, the isobutyraldehyde commodity index was 35.19, which was the same as yesterday, down 66.67% from the highest point of 105.58 in the cycle (September 16, 2021), and up 3.99% from the lowest point of 33.84 on August 7, 2022. (Note: period refers to September 1, 2021 to now)

2、 Market analysis

This week, the quotations of mainstream manufacturers of isobutyraldehyde increased slightly.

From the perspective of the upstream and downstream industrial chain, in the upstream raw material market of isobutyraldehyde, the market price of propylene increased slightly this week. The price increased from 7180.60 yuan / ton at the end of last week to 7270.60 yuan / ton at the end of this week, an increase of 1.25%. The market price of upstream raw materials increased slightly, and the cost was well supported. Affected by the supply and demand side, it had a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industrial chain, the market price of neopentyl glycol dropped slightly, from 10433.33 yuan / ton at the end of last week to 9766.67 yuan / ton at the end of this week, a decrease of 6.39%. The market price of neopentyl glycol dropped slightly, and the downstream demand weakened, which had a negative impact on isobutyraldehyde.

3、 Future forecast

The market trend of isobutyraldehyde in the middle and late August may decline slightly. The upstream propylene market rose slightly and the cost support was general. The downstream neopentyl glycol market declined slightly, and the downstream purchasing enthusiasm weakened. The isobutyraldehyde analysts of business club believe that the isobutyraldehyde market may fall slightly due to the impact of supply and demand and raw materials in the short-term isobutyraldehyde market.

This week, cobalt prices fluctuated and rose

According to the data monitoring of business agency, the cobalt price fluctuated and rose this week. As of August 15, the cobalt price was 332700 yuan / ton, an increase of 4.92% over the cobalt price of 317100 yuan / ton on August 8 at the beginning of the week. Stimulated by the news of cobalt purchase and storage, the cobalt price surged this week.

Cobalt market demand declines

According to the data of China Automobile Association, in July, the production and sales of new energy vehicles were 617000 and 593000 respectively, an increase of 1.2 times year-on-year. From January to July, the production and sales of new energy vehicles were 3.279 million and 3.194 million respectively, with a year-on-year increase of 1.2 times. In July, China’s power battery loading volume was 24.2gwh, with a year-on-year increase of 114.2% and a month on month decrease of 10.5%. Among them, the loading volume of ternary batteries was 9.8gwh, accounting for 40.7% of the total loading volume, with a year-on-year increase of 80.4% and a month on month decrease of 15.0%; The loading capacity of lithium iron phosphate battery was 14.3gwh, accounting for 59.3% of the total loading capacity, with a year-on-year increase of 147.2% and a month on month decrease of 7.0%. It can be seen from the data released by the China Automobile Association that new energy vehicles still maintain high-speed growth, and the demand of cobalt market rises slowly. However, from the installed capacity of power batteries, it can be seen that the installed capacity of power batteries decreased month on month in July, and the demand growth of cobalt market was less than expected. However, the decline rate of the installed capacity of ternary batteries was significantly faster than the decline rate of the installed capacity of lithium iron phosphate batteries, and the demand of cobalt market is expected to decline.

Market Overview

Bai Jiaxin, a data analyst of business news, believes that the cobalt price has risen sharply this week, stimulated by the purchase and storage news, but the demand growth in the cobalt market is not as expected, the demand in the cobalt market is declining, the support for the increase in the cobalt price is insufficient, and the cobalt price is falling rapidly. However, the state’s collection and storage of cobalt has led to a serious shortage of supply in the cobalt market. Before the year, the social inventory in the cobalt market is expected to decline seriously. Moreover, the cobalt price of 300000 yuan / ton has approached the low level of cobalt price in the past 18 years, and there is limited room for the decline of cobalt price. In the future, the demand of cobalt is declining and the supply is insufficient, and the cobalt price is expected to rise slightly.

Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business community, the domestic price of sodium pyrosulfite continued to be weak this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 2788.33 yuan / ton, and the average price at the weekend was 2750.00 yuan / ton, down 1.20% during the week.

Under the low-pressure system of raw material cost in July, the domestic sodium pyrosulfite market price continued to be under pressure this week. The market price range of industrial sodium pyrosulfite this week was 2600-3000 yuan / ton, and most of the prices were concentrated around 2600-2750 yuan / ton. The inventory of the enterprise is about 30%, mainly to complete the orders of old customers. (the above prices refer to the external quotations of domestic mainstream enterprises, and some enterprises that have not reported are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of the manufacturer. Please contact the manufacturers for details.).

From the beginning of August to August 12, the price of domestic soda ash continued to be weak, falling by 3.58% in the month. After the sharp fall of sulfur price, it hit the bottom and rose slightly, rising by 21.94% in the month. Although the increase in the month was considerable, in general, the price was still at an extremely low level, and the raw material cost remained low. The cost will continue to suppress the domestic sodium pyrosulfite market price in the future.

Future forecast

The analysts of business news agency believe that the cost of raw materials has dropped significantly. In the short term, the domestic market price of sodium pyrosulfite will continue to be under pressure and weak operation.

1、 Price trend

According to the monitoring data of business agency, the average factory price of domestic ammonium sulfate on August 5 was 1176 yuan / ton, and the average factory price of domestic ammonium sulfate on August 11 was 1123 yuan / ton. This week, the price of ammonium sulfate dropped by 4.53%.

2、 Market analysis

This week, ammonium sulfate continued the downward trend of last week, and the price continued to fall. At present, the market demand for ammonium sulfate is weak, the supply on the site is sufficient, the downstream purchases are on demand, and the transaction on the site is weak. In terms of international export, the port inventory is high and the market demand is flat. This week, the urea market is weak, and the side is unfavorable to the ammonium sulfate Market. The short-term ammonium sulfate Market will still be weak. As of August 11, the main factory price of coking grade ammonium sulfate in Shandong is about 1060 yuan / ton, and the main factory price of ammonium sulfate in Hebei is about 1050 yuan / ton. Hexin grade ammonium sulfate, the mainstream factory price in Shandong Province is 1100-1220 yuan / ton.

This week, the downstream compound fertilizer market was weak and the operation was low. The trend of compound fertilizer raw materials urea and monoammonium phosphate decreased, and the cost support of compound fertilizer weakened. Most compound fertilizer enterprises have suspended their quotation, and the market has not improved in the short term.

3、 Future forecast

According to the ammonium sulfate analysts of business association, the current market of ammonium sulfate is dominated by bad news, and the price trend continues to decline. The market supply is too large, and the demand side is weak to follow up. It is expected that the price of ammonium sulfate will continue to fall in the short term when the market demand has not improved.

According to the price monitoring of the business agency, the domestic PTA market fell significantly this week (August 1-5). As of August 5, the average market price was 5825 yuan / ton, down 5.41% from the beginning of the week and up 10.86% year-on-year.

Statistics of recent domestic PTA plant changes

Production enterprise, unit capacity (10000 tons / year) unit change

Yisheng Ningbo, 200 shutdown, restart time to be determined

Jiaxing Petrochemical Co., Ltd., 150 shut down on August 2, restart time to be determined

Yadong petrochemical, 70 load reduced to 80%

Yisheng Dalian, 225 load reduced to 60%

Hengli Dalian. 220 was overhauled as planned on August 1

Baihong, 250 80% load

In August, PTA unit maintenance increased. During the parking of 2 million tons of Yisheng Ningbo, 1.5 million tons of Jiaxing petrochemical and 2.2 million tons of Hengli Dalian, the load of 700000 tons of Yadong petrochemical and 2.5 million tons of Baihong dropped to 80%, and the load of 2.25 million tons of Yisheng Dalian dropped to 60%. The load on the supply side decreased significantly, and the industrial operation dropped to around 66%.

However, the downside risk of international oil prices has increased, and the cost side has shifted downward. The Bank of England announced an interest rate increase of 50 basis points to curb the economic recession that may be triggered by inflation, which continued to be negative for oil prices. This was compounded by the sharp increase in US commercial crude oil inventories last week and the increase in production targets of Oil Producing Countries OPEC. As of August 4, it fell to the lowest level since February. The settlement price of the main contract of WTI crude oil futures in the United States was US $88.54/barrel, and the settlement price of the main contract of Brent crude oil futures was US $94.12/barrel.

At the beginning of the month, the production and sales of downstream polyester plants were not prosperous, and the industrial operation was more than 77%. The increase of operation load was limited, and most of them mainly consumed PTA contract goods. At the same time, July August is the traditional off-season of the textile and clothing industry, and the downstream terminal orders are still weak. The market mentality is wait-and-see, and only a small amount of purchase is required. In the off-season of the industry, the start-up recovery of Jiangsu and Zhejiang weaving stopped around 50%. In terms of price, the polyester market fell by 0.65-1.17% this week.

Business analysts believe that there have been many maintenance of PTA devices in the near future, and some devices are expected to be negative and restarted. The supply in August and September is relatively sufficient. At the same time, the current crude oil fluctuates and falls, the support for PTA cost is weakened, and the terminal is weak in the off-season. There are still high-temperature disturbances in the south, and the recovery of demand is still blocked. Overall, PTA prices are expected to remain weak.

This week (8.2-8.9), the polybutadiene rubber market was weak. According to the monitoring of business news agency, as of August 9, the domestic price of polybutadiene rubber was 12930 yuan / ton, down 6.24% from 13790 yuan / ton last Tuesday. The downstream demand is sluggish, the early maintenance equipment is gradually restarted, the supply side of polybutadiene rubber is expected to increase, and the market is weak; The international crude oil price fluctuated, the butadiene price dropped significantly, and the cost was weak. The petrochemical sales company significantly reduced the ex factory price of cis-butadiene rubber. As of September 9, the ex factory price of Qilu cis-butadiene of Sinopec North China sales company was 12600 yuan / ton.

At present, the domestic CIS polybutadiene rubber plant is operating at a high level. The 30000 T / a high CIS polybutadiene rubber plant of Jinzhou Petrochemical operates at a high load. In August, the planned output of CIS polybutadiene is around 3600 tons; The 160000 T / a new and old gaoshun CIS butadiene rubber plant of Daqing Petrochemical operates under high load. In August, the planned output of CIS butadiene is around 12800 tons; Dushanzi Petrochemical’s 30000 T / a high CIS polybutadiene rubber unit operates under high load. In August, the planned output of CIS polybutadiene rubber is around 3250 tons. In addition, the 170000 T / a Shunding unit of Maoming Petrochemical and Qilu Petrochemical is planned to be restarted in August, and the 40000 t / a new unit of qixiangteng is expected to be put into operation. The output of Shunding is expected to increase in August, and the supply side is expected to continue to be loose.

Since August, the butadiene market has fallen sharply, and the cost of cis-polybutadiene rubber has weakened significantly. According to the monitoring of business agency, as of August 9, the price of butadiene was 8318 yuan / ton, down 11.09% from 9356 yuan / ton at the beginning of the month.

The natural rubber market fluctuates and rises slightly, but the overall level is still low, and the support for cis-polybutadiene rubber is not strong. According to the monitoring of business agency, as of August 9, the price of natural rubber was 12310 yuan / ton, up 0.57% from 12240 yuan / ton at the beginning of the month.

The downstream tire starts at a low level, with the half steel tire starting at around 6.5% and the full steel tire starting at around 5.5%. The demand is weak in the face of rubber support, and the market transaction is slightly deadlocked.

Future forecast: business analysts believe that the international crude oil range fluctuates, the natural rubber price hovers at a low level, the pressure on the supply side increases, and the market transaction is deadlocked. It is expected that the price of polybutadiene rubber will continue to be weak and low in the later period.

This week, the price of adjacent benzene stabilized after falling

It can be seen from the price trend chart of ortho xylene in the business community that the price of ortho xylene fluctuated and fell this week, while the price of ortho xylene in the external market fluctuated and fell, and the price of domestic ortho xylene stabilized after falling. As of August 8, the price of ortho benzene was 8000 yuan / ton, down by 3.61% from the price of ortho benzene of 8300 yuan / ton on July 31 last weekend. The market of the industrial chain has stopped falling, and the market of adjacent benzene has stabilized after falling this week.

This week, the price of mixed xylene fluctuated and fell

According to the trend chart of mixed xylene in the business community, the price of mixed xylene fluctuated and fell this week. As of August 8, the price of mixed xylene was 8090 yuan / ton, down 0.86% from 8160 yuan / ton on August 1 at the beginning of the month. This week, the price of mixed xylene fell in a weak shock, the cost of o-xylene fell, and the pressure of o-xylene fell was great.

This week, the downstream phthalic anhydride price fluctuated and fell

It can be seen from the price trend chart of phthalic anhydride in the business community that the price of phthalic anhydride rebounded this week, and the market of phthalic anhydride fluctuated and warmed up. As of August 8, the price of phthalic anhydride was 8050 yuan / ton, up by 1.26% compared with 7950 yuan / ton on August 1 at the beginning of the month. This week, the price of phthalic anhydride increased, the demand for o-xylene recovered, and the driving force for the increase of o-xylene increased.

Future outlook

According to the data analysis of o-xylene in business society, the price of mixed xylene fell in a volatile manner this week, and the decline slowed down, and the raw material cost of o-xylene was weak and stable; The downstream phthalic anhydride price rebounded and increased, and the demand for ortho benzene was temporarily stable. In the future, the uncertainty of crude oil trend still exists, the downward pressure of mixed xylene is blocked, the operation of phthalic anhydride manufacturers is low, and the delivery of goods is general. In the future, the driving force for the increase of phthalic anhydride still exists, and the overall cost of adjacent xylene in the future decreases and the demand recovers. It is expected that the price of adjacent xylene in the future will stabilize.

Price trend

According to the data of the business community’s bulk list, the PC market rose in early August, and the spot prices of various brands increased narrowly. As of August 5, the reference offer of PC sample enterprises of business community was about 16966.67 yuan / ton, up or down + 2.31% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: on the upstream side, the market of bisphenol A has eased this week. With the recent reduction of supply and the improvement of the atmosphere in the market, the offer of the goods holders has tried to increase. However, it is difficult to support the continuous decline of the raw material end. The downstream epoxy resin is flat. With the downstream consumption of inventory and the market development after a period of purchase, it is difficult to judge. At present, there are still many negative external environment. The business community expects that the short-term bisphenol a trading volume will be difficult to increase. Due to the limited market volume, the short-term high is negotiated.

At the beginning of August, the upstream bisphenol a market bottomed out, and the PC cost side support increased narrowly. In terms of industrial load, the operating rate of domestic PC enterprises has increased, and the overall load is more than 60%. The inventory position of the industry is still high, and the pressure on the supply side continues. The international crude oil at the far end and upstream continues to fluctuate under the influence of macro inflation factors, resulting in the weak mid – and long-term support of PC. The downstream demand is still in the off-season market, and the operating rate of terminal enterprises is limited by various factors. However, the buyer’s mentality has changed with the PC falling below the historical low in the early stage, and the bargain hunting in the market digests some low-end offers. The market transaction is picking up, but the wait-and-see atmosphere on the demand side is still heavy, and the confidence of merchants is not strong.

Future forecast

Business analysts believe that the domestic PC market has risen this week, the upstream BPA market has eased, and the support effect of the cost side on PC is acceptable. On the supply side, there are abundant goods in the market, high inventory, and bargain hunting on the demand side. The buyer is cautious and mainly takes small orders. It is expected that in the short term, the spot price of PC will rise and shake up.

1、 Price trend

According to commodity data monitoring, titanium dioxide prices fell this week. Last week, the average price of titanium dioxide in the four countries was 18866.67 yuan / ton, and this Thursday, the average price was 18066.67 yuan / ton, with a decrease of 4.24% in the week.

2、 Market analysis

The domestic titanium dioxide market price continued to decline this week. The domestic titanium dioxide market is relatively light, the market is weak and downward, and the downstream wait-and-see mood is strong. We are cautious in receiving orders and purchase on demand. Titanium dioxide manufacturers have great inventory pressure, and the ex factory price continues to decline. Up to now, the quotation of rutile titanium dioxide in China is between 16500-19500 yuan / ton; The quotation of anatase titanium dioxide is between 15000-17000 yuan / ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region decreased slightly this week. Downstream buyers are under great pressure, mainly on the sidelines, and the actual transaction situation is general. Small and medium-sized miners are under great pressure. Most enterprises are mainly supporting prices, and the overall market is weak. Up to now, the quotation excluding tax of 38-42 grade titanium ore is about 1530-1580 yuan / ton, the quotation excluding tax of 46 grade 10 titanium ore is about 2150-2220 yuan / ton, and the quotation of 47 grade 20 ore is about 2400-2450 yuan / ton. In the short term, the market price of titanium concentrate remains strong, and the transaction price of the actual order is negotiated.

In terms of sulfuric acid, the prices of domestic mainstream sulfuric acid manufacturers fell this week According to the monitoring of bulk commodity data, the domestic sulfuric acid market price fell this week, and the quotation was reduced from 748 yuan / ton last Thursday to 612 yuan / ton this Thursday, with a reduction of 18.18%. The upstream sulfur market has fallen sharply recently, and the cost support is insufficient. Downstream hydrofluoric acid, titanium dioxide, ammonium sulfate market fell slightly, downstream customers’ enthusiasm for sulfuric acid procurement is general.

3、 Aftermarket forecast

Titanium dioxide analysts at business club believed that the domestic titanium dioxide market price continued to decline this week, the domestic market demand was weak and declining, and the atmosphere on the floor was cold. The raw titanium concentrate market is weak, the price of sulfuric acid has fallen sharply, and the cost support is weak. It is expected that the titanium dioxide market will be dominated by weak and stable operation in the short term, and the actual transaction price will be negotiated.

1、 Price trend

According to the monitoring data of the business agency, the price of soda ash fell as a whole this month. The average market price of light soda ash at the beginning of the month was about 2920 yuan / ton, and the average market price at the end of the month was about 2820 yuan / ton. The price fell by 3.42%, an increase of 35.9% over the same period last year. On July 28, the commodity index of light soda ash was 144.62, down 1.02 points from yesterday, down 23.52% from 189.10 points (2021-11-07), the highest point in the cycle, and up 129.01% from 63.15 points, the lowest point on November 18, 2015. (Note: the period refers to 2011-09-01 to now)

2、 Market analysis

According to the monitoring data of the business community, the price of soda ash this month is weak. At present, the mainstream market price of light soda ash in East China is about 2600-2800 yuan / ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2900-3000 yuan / ton. Domestic soda ash prices are weak, the overall trading atmosphere is relatively weak, and the enthusiasm for downstream procurement of soda ash is not high.

Demand: according to the monitoring of the business agency, the price of glass fell this month. The average price of glass at the beginning of the month was 20.68 yuan / square meter, and the average price at the end of the month was 19.3 yuan / square meter. The price fell by 6.67%. The spot price of glass continued to decline slightly and the transaction was flexible. The overall trading volume of the glass spot market was light. The terminal real estate industry has limited funds and poor demand. Downstream processing enterprises are cautious in trading and investment, and mainly purchase on demand.

According to the price monitoring of the business community, in the 29th week of 2022 (7.18-7.22), there were 0 kinds of commodities rising, 5 kinds of commodities falling and 0 kinds of commodities rising or falling. The main commodities that fell were hydrochloric acid (-13.24%), caustic soda (-5.50%), and PVC (-2.00%). The average rise and fall this week was -4.37%.

According to the survey data of the business society, the price of domestic soda ash is weak, the overall trading atmosphere is relatively weak, the enthusiasm for downstream procurement of soda ash is not high, mainly on-demand procurement, and the price of soda ash is depressed, so the pressure on soda ash enterprises to ship is large. It is comprehensively expected that the price of soda ash will be weak in the later stage, depending on the downstream market demand.