According to the Commodity Analysis System of Business Society, the mainstream market price of anhydrous calcium chloride with a 94% content in China continued to decline in May. At the end of the month, the price of anhydrous calcium chloride remained at 1312.50 yuan/ton, a decrease of -0.94% compared to the beginning of this month (1325.00 yuan/ton).

Market analysis:

This month, the mainstream ex factory quotation of anhydrous calcium chloride remained stable and stable, while the price of upstream raw material hydrochloric acid maintained a relatively stable trend, while the proportion of other raw materials was relatively low, with limited impact on overall costs. The performance in terms of cost support is still considerable. From the perspective of supply, the overall operating conditions within the production plant remain stable, with slightly higher inventory levels. Currently, there is no shortage of goods. In the downstream market, the actual transaction situation is not ideal, and most transactions are mainly based on rigid demand procurement, lacking support from large new orders. Overall, the anhydrous calcium chloride market remains stable but slightly sluggish.

Supply side:

The domestic hydrochloric acid market prices declined in May. According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the average price quoted by formic acid companies was 102.50 yuan/ton, an increase of 5.13% compared to the price on May 1st (the reference price for hydrochloric acid was 97.50 yuan/ton). From the data monitoring chart of Business Society, it can be seen that the domestic hydrochloric acid price trend first rose and then fell. Firstly, manufacturers started operating normally, and after the early price reduction and clearance, the phenomenon of some enterprises accumulating inventory was alleviated. The prices of Cangzhou Refining and Chemical, Shandong Binhua, and Dongming remained unchanged this week. The quotation for hydrochloric acid in Wenshui, Shanxi also maintained the level at the beginning of last week. The manufacturer maintains stable equipment and is more proactive in shipping goods.

On the demand side:

On the demand side, in the industrial production field, calcium chloride is an important basic chemical used to produce various chemical products, and also plays a key role in the production process of industries such as metallurgy, papermaking, leather, and textiles.

In the water treatment industry, calcium chloride is widely used in water softening, sewage treatment, and industrial wastewater treatment due to its unique properties. By adding calcium chloride, the hardness of water quality can be adjusted, harmful substances in water can be removed, and the recycling rate of water can be improved; In the refrigeration industry, calcium chloride is also used as an important raw material for refrigerants, especially in commercial and industrial refrigeration systems. The cooling effect is achieved through the evaporation and heat absorption of calcium chloride aqueous solution, and its demand is relatively stable and continuous.

Based on the current market feedback, although the sales growth rate of calcium chloride has slowed down due to some seasonal or temporary factors, the overall demand has not experienced any abnormal fluctuations or significant decline and remains in a relatively stable operating range. Therefore, although the market performance is slightly weak, thanks to its fundamental and critical position in multiple industries, calcium chloride manufacturers can still maintain a relatively stable shipping performance, and the market supply is relatively sufficient and orderly.

Overall

Recently, the market price of hydrochloric acid has shown a trend of stabilizing despite the supply side remaining stable. The production and operation of enterprises in the main production areas have also remained normal, and the market supply is still abundant. However, on the demand side, the downstream procurement and supply situation remains flat, and the changes in market transactions are not significant. Given the current market situation of oversupply, it is expected that the domestic anhydrous calcium chloride market will be dominated by weak consolidation in the near future.

According to the Commodity Market Analysis System of Business Society, the price of phenylenediamine increased first and then decreased this month. As of May 29th, the average market price of phenylenediamine was 37033 yuan/ton. On May 1st, the average market price of phenylenediamine was 36166 yuan/ton, an increase of 2.4% compared to the beginning of last month.

In terms of cost

Pure benzene: The domestic price of pure benzene has fluctuated and increased this month. On May 29th, the price of pure benzene was 8975 yuan/ton, and on May 1st, the price of pure benzene was 8672 yuan/ton, an increase of 3.49% compared to the beginning of the month. In the first half of the month, pure benzene prices opened low and rose high, with positive transactions and an upward trend in fundamentals. In mid month, the market’s focus shifted downwards, and after the price drop, market buying continued, and transactions were still possible. The tight supply of pure benzene in the second half of the month has driven up prices.

Nitric acid: The overall domestic nitric acid price has shown a downward trend this month. On May 28th, the price of nitric acid was 1843 yuan/ton, and on May 1st, it was 1856 yuan/ton, a decrease of 0.7% from the beginning of the month. Some manufacturers have seen a decline in their quotations, and downstream sales are mainly based on orders, with no increase in market demand.

Overall, this month, the price of phenylenediamine has slightly decreased due to the influence of the raw material pure benzene, and has shown an overall upward trend. On the downstream side, the textile industry has been in a low season recently, with weak demand in the dye market and average demand for pesticide intermediates. It is expected that the phenylenediamine market will experience a warm operation in the short term.

Price trend

According to the Commodity Market Analysis System of Business Society, the price of PE film in the market has slightly increased this week. As of May 26th, the mainstream quoted price for 50cm PE winding film by domestic manufacturers and traders is around 10667 yuan/ton, which is unchanged from last week’s average price and an increase of 0.63% from the beginning of the month.

quotations analysis

In terms of raw materials, the price of raw material PE remained stable this week, with domestic producers and traders LLDPE (7042) experiencing a price increase of 3.1% from the beginning of the month at 9882 yuan/ton on May 24th. The price of raw material PE has been running steadily this week, with prices at a high level, putting pressure on the cost side prices.

In terms of supply: membrane enterprises have sufficient inventory, supply side supply is sufficient, and enterprises have pressure to destock

In terms of demand: Downstream enterprises mainly rely on basic needs, with cautious inquiries and limited order transactions, resulting in weak demand.

Future Market Forecast

Downstream terminal market demand releases limited inventory, weak demand, strong cost support, and increased price pressure. It is expected that the price of PE film may slightly follow the cost increase in the near future.

According to the Commodity Market Analysis System of Business Society, as of May 25th, the average market price of compound fertilizer was 3075 yuan/ton, and on May 18th, the average market price of compound fertilizer was 3060 yuan/ton, an increase of 0.49% compared to last week.

In terms of cost

This week, the raw material urea remained strong at a high level. The domestic market price of potassium sulfate continues to rise, and currently, the operating rate of resource-based potassium sulfate manufacturers is gradually decreasing. The trading atmosphere in the monoammonium phosphate market has improved, and the price continues to rise. Most manufacturers suspend or restrict orders, resulting in a large volume of pending orders. Dealers are facing tight supply and are actively increasing their quotations. Although the operating rate has increased, the market supply is still tight. Compared to monoammonium, the domestic demand for diammonium phosphate is relatively weak, and the market situation is stable with minor fluctuations, with the main focus on exports.

In terms of supply and demand

The winter wheat harvesting season is gradually approaching in various regions, and the summer corn fertilizer market is also about to enter a sprint stage. The compound fertilizer market should be relatively strong. In the context of high urea prices, high nitrogen fertilizer quotes from compound fertilizer enterprises have generally increased, while low-end quotes have seen significant increases. Although the market is improving, the demand for replenishment in downstream markets is not strong during the peak season. The wholesale and retail prices of corn fertilizer in various terminal markets have been basically determined, and dealers are unwilling to restock at high prices.

Future Market Forecast

At present, the inventory of enterprises is low, and some supply is tight, with a strong willingness to raise prices. Supported by costs, it is expected that the price trend of compound fertilizers will remain strong.

1、 Price trend

According to the commodity market analysis system of Business Society, the average market price of trichloroethylene in barrels during the week (5.18-5.24) was 6520 yuan/ton, maintaining stable operation.

2、 Analysis and Review

Trichloroethylene continued to operate steadily in the market, with China’s export volume of trichloroethylene in April reaching 1720.12 tons, a year-on-year decrease of about 15.5%. There is sufficient domestic inventory, and some enterprises have maintenance situations. There is currently no quotation for loose water, and there may be excessive consumption of barrel inventory on site. The impact of detours caused by the Red Sea situation continues to accumulate, with severe container shortages at ports and rising shipping costs, which may affect export volume and increase domestic market inventory. At present, the trading atmosphere in the market is stable, with downstream demand based procurement being the main focus, and trichloroethylene still operating weakly.

The price situation of mainstream manufacturers of trichloroethylene loose water this week: The factory price of loose water in Shandong region is 4800-5000 yuan/ton, and the price remains stable; The factory quotation for loose water in the southwest region is around 4800 yuan/ton, and the price remains stable; The factory quotation for loose water in Inner Mongolia is 4900-5000 yuan/ton, and the price remains stable.

Cost side: The price of calcium carbide has decreased, and the price of calcium carbide in the Wuhai area has dropped by 50 yuan/ton compared to last week, reaching 2750 yuan/ton. The Asian ethylene market quotation has been partially lowered, with an average CFR price of $855 per ton in Northeast Asia, which remains stable compared to last week; The average CFR price in Southeast Asia is $955 per ton, a decrease of $25 per ton from last week. The domestic ethylene quotation in East China is 7300 yuan/ton, a decrease of 50 yuan/ton from last week, and the market situation is fluctuating and weakening. The liquid chlorine market is fluctuating and declining, with a price of 275 yuan/ton in Shandong region, a decrease of 25 yuan/ton from last week.

Demand side: Refrigerant R134a is operating in consolidation, and the market focus remains at a high level. On May 24th, the benchmark price of R134a in Shengyishe was 30933.33 yuan/ton, which remained stable compared to last week’s price.

3、 Future Market Forecast

According to analysts from Shengyi Society, the cost side is declining, and market inventory may increase due to shipping. Downstream R134a may accumulate inventory, weakening the trading atmosphere. It is expected that the trichloroethylene market will fluctuate and consolidate in the future.

This week (5.18-5.23), the market for monoethanolamine remained stable. According to the statistics of Business Society, as of May 23, the mainstream market price of monoethanolamine (with a domestic content of 99.9%) was between 10300-10600 yuan/ton, with an average price of 10480.00 yuan/ton, which is unchanged from the market price of the previous week.

Main manufacturer prices:

Maoming Shihua offers a price of 8800 yuan/ton for monoethanolamine, Zhongke Refining offers a price of 8800 yuan/ton for monoethanolamine, and Satellite Chemical Co., Ltd. offers a price of 9500 yuan/ton for monoethanolamine produced from the bulk water plant; The overall market for monoethanolamine remains stable.

The current ethanolamine market is showing a stable operation trend, with the upstream raw material ethylene oxide market price remaining weakly stable, and the liquid ammonia market price declining. The main reason is that maintenance equipment is gradually resuming work, and the supply side is showing loose performance. Coupled with the downstream related product urea, which stopped rising this week, some regions have fallen back, and the market is in a stalemate, dragging down ammonia prices. The support for the cost side is relatively limited. The market demand for monoethanolamine varies, with downstream on-demand procurement being the main focus. It is expected that the market price of monoethanolamine will remain stable in the near future, with little significant fluctuation

According to the monitoring of the commodity market analysis system of Business Society, the prices of industrial grade lithium carbonate and battery grade lithium carbonate showed a slight decrease this week. On May 22, the average domestic mixed price of industrial grade lithium carbonate was 105400 yuan/ton, a decrease of 1.31% compared to the average price of 106800 yuan/ton on May 18. On May 22, the average domestic mixed price of battery grade lithium carbonate was 111000 yuan/ton, a decrease of 1.77% compared to the average price of 113000 yuan/ton on May 18.

By observing market changes, it can be seen that the spot market for lithium carbonate has continued to operate weakly this week. In terms of upstream raw materials, several domestic salt lake lithium extraction projects have resumed production and production, with an increase in production. Construction in Jiangxi and Qinghai regions is also on the rise. In addition, there is sufficient supply of imported African minerals from abroad, and some traders import African minerals and seek OEM production. Therefore, there is continuous news of increased production of lithium raw materials both domestically and internationally, and the market surplus pattern is beginning to emerge. The overall inventory in the market is still growing.

In terms of supply, large factories in Jiangxi are resuming production, and Qinghai Salt Lake has entered a peak production period with the warming climate. In addition, with an increase in imported goods and the recent arrival at ports, the market supply pressure continues. In addition, some manufacturers have a strong willingness to lower prices, leading to a continued downward shift in the focus of spot prices.

In terms of demand, the current market is at the negotiation point of the June long-term agreement, and most downstream enterprises are cautious in observing the current fluctuation of lithium carbonate prices. Although the market has good enthusiasm for inquiry, the actual outcome is not ideal. Recently, downstream production of ternary materials has decreased month on month, and demand for iron and lithium has remained stable. Some large factories have reduced production, resulting in a weakening of downstream demand.

The market situation of lithium hydroxide has declined. Recently, the price of spodumene concentrate has been narrow and weak, and the upstream lithium carbonate price has declined. The cost support is weak, and the supply side is mainly stable. The downstream high nickel ternary demand has limited follow-up, and the demand side has decreased compared to the previous period. The market inquiry atmosphere is still good, but there is a clear wait-and-see attitude towards high priced raw materials. Be cautious when entering the market, and the actual transaction volume in the market is still weak. The focus of negotiations in the lithium hydroxide market has declined.

The downstream price of lithium iron phosphate is weak and downward, while the upstream price of iron phosphate remains stable. The price of lithium carbonate is fluctuating and downward, and the cost support for lithium iron phosphate is average. In addition, the poor performance of downstream demand has led to a loose and downward trend in the price of lithium iron phosphate. In a state of weak cost support and poor demand, the market maintains a weak operation.

In terms of futures, after a slight rebound in lithium carbonate futures prices recently, they have regained their weakness. On May 22nd, the opening price of the LC2407 main contract was 107000 yuan/ton, the closing price was 106400 yuan/ton, and the highest price was 107900 yuan/ton, with a daily decline of 0.79%. The transaction volume was 93800 lots, and the position was 180239 lots.

According to analysts from Business Society Lithium Carbonate, both domestic production and overseas imports of lithium carbonate are currently on the rise, and the market supply of lithium carbonate is relatively high. As the growth rate of terminal new energy vehicle sales slows down, the production of positive electrode materials slows down, and the overall contradiction in lithium salt fundamentals increases, it is expected that the short-term spot market for lithium carbonate will have weak transactions, and prices will continue to operate steadily with a moderate to weak trend.

Recently, the acetonitrile market has been experiencing continuous decline. As of May 21st, the benchmark price of acetonitrile for Shengyishe was 10040.00 yuan/ton, a decrease of -0.40% compared to the beginning of this month (10080.00 yuan/ton). The supply is increasing while demand is decreasing, and the market for acetonitrile is bullish with insufficient momentum, resulting in overall bearish news.

Supply side:

Recently, the spot market price of acrylonitrile has experienced a narrow decline. As of May 21st, the benchmark price of acrylonitrile for Shengyishe was 10500.00 yuan/ton, a decrease of -2.78% compared to the beginning of this month (10800.00 yuan/ton). The news is currently unclear, and there is still uncertainty in supply changes. In the short term, manufacturer inventories are not high, and there is still an intention to raise prices. Considering that the settlement expectation for this month is still high, the spot market is also cautious and stable in operation. There are plans to restart or increase losses in both the north and south, and the overall news is bearish. It is expected that the acrylonitrile market will remain weak and volatile.

On the demand side:

Pesticides are the main downstream industry of acetonitrile, and the demand for pesticides in the market is relatively late, but the terminal market remains sluggish; The intermediate factories for raw materials are also gradually resuming normal production, so the overall demand performance was weak for most of the first quarter. 4. Since May, the pesticide market has remained lackluster, with insufficient demand for raw materials and low operation of equipment.

Overall:

It is expected that the domestic acetonitrile market price will fluctuate and explore next week, mainly due to the further increase in by-product production, increased supply, and flat downstream demand. Recently, some acetonitrile factories have shown an increase in inventory, and sales pressure is gradually becoming apparent. It is expected that the market price of acetonitrile will reach a lower level of 10500 yuan/ton next week.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, palm oleic acid remained stable this week. As of May 17th, the mainstream price of palm oleic acid (purity ≥ 70) in China was 11466.67 yuan/ton, which remained unchanged from last week and increased by 0.29% compared to April 1st.

2、 Market analysis

Cost side:

At the beginning of the week, the average price of palm oil in the market was 7770 yuan/ton, and on weekends, the average price of palm oil in the market was 7884 yuan/ton, an increase of 1.47%. The palm oil market is mainly on the rise. Due to the increasing production cycle of Malay palm oil, palm oil experienced a pullback after rising. Long and short intertwined, the palm oil market fluctuated and rose overall, with gains exceeding 1%.

Supply and demand side:

The load rate of the oleic acid industry this week remained unchanged from last week. The on-site supply of goods is abundant, and the speed of delivery has slowed down. The factory’s listed prices have remained stable, and downstream demand for follow-up has resulted in limited trading volume.

Operation of Palm Oleic Acid Plant

Region/ Production capacity (10000 tons/year)/ Device status

Jiangsu and Zhejiang regions/ 8./In operation

Shandong region/ 5./In operation

Guangdong and Fujian regions/ 7./In operation

3、 Future Market Forecast

At present, the domestic market for palm oleic acid is generally operating steadily. On the cost side, palm oil has fluctuated, but overall the market is rising, with positive support; The operating rate of palm oleic acid is around 6.3 layers, and production is stable. The spot supply in the market is loose, with downstream buyers mainly focusing on demand and short-term consolidation of strong palmitic oleic acid.

Price trend

According to the bulk list data from Business Society, the domestic PC market continued to decline this week, with spot prices of various brands generally decreasing. As of May 17th, the benchmark price for the mixed PC of Shengyishe was around 16400 yuan/ton, a decrease of -0.81% compared to May 1st.

Cause analysis

In terms of raw materials, it can be seen from the above figure that the domestic bisphenol A market has continued to be weak recently. The upstream phenol market has limited changes in market momentum after the holiday, and demand is sluggish. The trading atmosphere for acetone is also poor. The raw material side of bisphenol A is weak, and the market lacks positive support, dragging down the market and forming a drag on the cost side of PC.

In terms of supply: The overall operating rate of domestic PC has remained stable and slightly changed this week, with the industry average operating rate decreasing by about 1% to 76% compared to last week. There is abundant supply of goods on site, and the mentality of enterprises has softened, resulting in a reduction in factory prices. Some companies in the future have maintenance plans, but the impact on production capacity is relatively small. In the short term, the level of market supply pressure may remain, which will generally drag down PC prices.

In terms of demand: This week, PC consumption will continue to follow the previous weak pattern, with the main logic leaning towards maintaining production and digesting inventory for just in need. Downstream enterprises have seen a decline in load, reduced stocking enthusiasm, and a decrease in consumption. Buyers have some resistance to high priced sources, and the demand side has poor support for spot prices.

Future Market Forecast

The PC market has been continuously declining this week. Upstream bisphenol A prices have fallen, and PC costs have weakened. The load of domestic polymerization plants is basically horizontal. On the demand side, there is a downward trend in consumption and weak trading on the market. It is expected that the PC market will continue to operate weakly in the short term.