Price trend of domestic sodium metabisulfite

According to the monitoring of the business community, the price of domestic sodium metabisulfite was stable but weak this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2450.00 yuan/ton, and the average price at the weekend was 2433.33 yuan/ton, with a slight drop of 0.68% in the week.

The overall performance of domestic sodium metabisulfite market was average this week. The price range of industrial grade sodium metabisulfite was 2400-2500 yuan/ton, and most prices were concentrated around 2400 yuan/ton. The inventory of the enterprise is about 30%, and the enterprise mainly completes orders from old customers. (The above prices refer to the external quotation of domestic mainstream enterprises. Some enterprises that have not been quoted are temporarily excluded from their scope. The prices are for reference only and have nothing to do with the final pricing of manufacturers. For details, please contact each manufacturer for consultation.).

Since the beginning of November, the price of domestic soda ash has dropped 0.38%, and the price of sulfur has risen 12.1%. In general, although the price of sulfur has rebounded significantly, it is still at a low level. The cost of upstream raw materials is weak and stable, and the cost remains low. The market price of sodium metabisulfite in the future will recover and bear pressure.

Future market forecast

Analysts from the business community believe that the raw material cost is weak and stable, and the domestic sodium metabisulfite market price will also follow the overall weak cost and become stable.

From November 11, 2022 to November 18, 2022, the market price of antimony ingots in East China will be lowered. Last weekend, the price was 75250 yuan/ton, and this weekend, the price was 74750 yuan/ton, down 0.66%.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the antimony ingot market has been on the up trend in the near future around the Spring Festival. It entered a stable period after the middle of March, and entered a downward channel in the middle of April. The decline trend slowed down at the end of April. The trend was stable in May. The price entered an upward channel in June. After a short period of stability in July, it fell again. After August, the market was gradually stable, flat for seven consecutive weeks, and the price began to decline continuously at the end of October.

The price of strategic small metal antimony in Europe this week (unit: USD/t)

Variety./November 11./November 18./Up and down

European small metal antimony/10900./10900/-

The price of strategic small metal antimony in Europe remained stable temporarily this week, and it was at 10900 US dollars/ton on November 18, which was stable temporarily. This week, the foreign market stopped falling and stabilized. The market transaction was relatively cold, and the negotiation was limited.

The domestic antimony ingot market continued to decline this week, while the international price stopped falling and stabilized. The European price fell to US $10900/t in the early stage, and fell by US $800/t in the week, which affected the market mentality. This week, the domestic market was mainly affected by the decline of the international market in the early stage, and the fall was compensated. At present, the downstream flame retardants and other markets are not performing well, the demand for antimony oxide is not good, and the price is declining. Antimony oxide manufacturers suspend the purchase of antimony ingots, and the demand forces the price of raw materials to decline. In terms of supply and demand, the overall change in the near future is not big. Under the pattern of weak supply and demand, downstream enterprises still maintain on-demand procurement. In terms of supply, the output in October has not changed much since the domestic large factories resumed production in September. As the external antimony ingot price continues to decline slightly, market participants generally believe that the possibility of antimony ingot price declining is growing. The business community expects that the overall performance of the antimony ingot market will remain stable and weak under the condition that the downstream demand will not improve in the near future.

Price trend of antimony oxide this week (unit: yuan/ton)

Variety./November 4./November 11./Up and down

99.5% antimony trioxide/65500./65000./- 500

99.8% antimony trioxide/67500./67000./- 500

This week, the domestic antimony oxide market price was weak, the sales of antimony oxide was still weak, and the downstream market was short of gas. Recently, antimony oxide enterprises’ purchase of antimony ingots was still on demand, and the overall market atmosphere was wait-and-see.

The price of plasticizer DBP is strong and stable this week

According to the data monitoring of the business community, as of November 18, the DBP price was 9800 yuan/ton, up 0.34% from 9766.67 yuan/ton on November 11. Raw material support still exists, and DBP prices are strong and stable this week.

The price of DBP raw materials fluctuated and stabilized

According to the price monitoring of the business community, as of November 18, the price of phthalic anhydride was 9150 yuan/ton, which was stable compared with 9150 yuan/ton on November 11. This week, the price of phthalic anhydride from neighbouring countries remained stable, the price of phthalic anhydride from naphthalene increased, the cost of DBP stabilized, and the downward pressure on DBP weakened.

According to the price monitoring of the business community, as of November 18, the price of n-butanol was 7400 yuan/ton, which was stable compared with 7400 yuan/ton on November 11. The n-butanol manufacturer resumed delivery, the trading atmosphere of n-butanol was stable, the industry remained strong, the n-butanol price rose first and then fell, and the support of DBP cost rise remained.

Future market expectation

According to the DBP data analysts of the business community, the price of raw material phthalic anhydride was stable, the price of n-butanol was stable, and the DBP cost support remained. It is expected that the DBP price will be stable in the future.

According to the data monitoring of the business community, the domestic price of LLDPE (7042) was 8370 yuan/ton on November 11, and the average price was 8404 yuan/ton on November 18, with an increase of 0.41% during the period, 5.32% higher than that on September 1.

According to the data monitoring of the business community, the average ex factory price of LDPE (2426H) was 9633 yuan/ton on November 11 and 9600 yuan/ton on November 18, with a drop of 0.35% during the period, 0.88% higher than that on September 1.

According to the data monitoring of the business community, the average ex factory price of HDPE (5000S) was 8366 yuan/ton on November 11, and 8400 yuan/ton on November 18, with a rise of 0.40% during the period, down 1.18% from September 1.

This week, domestic polyethylene prices rose and fell, LLDPE rose slightly and then fell slightly, LDPE decreased slightly and remained stable, and HDPE rose slightly and remained stable. On the supply side, there are many shutdown maintenance devices this week, and the polyethylene supply pressure is reduced, which is good for the market. In November, petrochemical enterprises slowly destocking. On the demand side, the order for greenhouse film is nearing the end, and the demand for packaging film has risen. According to data, the average operating rate of polyethylene downstream products has increased slightly this week compared with last week, which has brought some support to the polyethylene market.

In terms of cost, on November 18, international crude oil futures continued to decline, which was bad for the market. On the supply side, the maintenance device will resume next week, and the supply pressure will rise. On the demand side, the peak season of agricultural film gradually ended, bringing certain negative effects. The lower reaches mostly maintain replenishment on demand, with low enthusiasm. It is expected that the polyethylene spot market will operate mainly in a narrow range.

This week (11.14-18), domestic butyl acetate continued to be weak and volatile, with weak price rise and fall. The main reason is that the demand is relatively weak, superimposed on the high level of upstream acetic acid. According to the monitoring of the business community, butyl acetate fell 0.33% this week. The domestic mainstream quotation of butyl acetate at the weekend is 7300-7600 yuan/ton.

First of all, from the perspective of cost, acetic acid and n-butanol both declined mainly, especially acetic acid. Cost support is weakened. According to the business agency, acetic acid fell 3.07% this week and n-butanol fell 0.89% this week.

From the perspective of acetic acid, the domestic acetic acid dropped significantly this week. According to the monitoring of the business community, the price of acetic acid dropped by 3.07%. During the week, the utilization rate of acetic acid market capacity increased, the supply increased, and the social inventory increased. In addition, the upstream methanol price fell, and the cost was weak, which depressed the downstream market mentality. In terms of terminal demand: it is still weak at present, and the market trading atmosphere is general. In order to maintain the rhythm of shipment, the manufacturer has lowered its quotation, and the price trend of acetic acid continues to decline.

From the perspective of supply and demand, butyl acetate showed no positive effect on supply and demand. On the supply side, the operating rate of manufacturers remains low, and the market operating rate is still below 40%. The supply pressure is not large, which is the fundamental reason why butyl acetate did not follow the sharp drop of acetic acid. At the beginning of the week, the prices of some butyl acetate manufacturers decreased slightly, but from the middle of the week to the end of the week, the prices became stable, and the manufacturers had little inventory pressure. Downstream demand has not improved significantly. The market trading and investment atmosphere is not good, and most businesses are bearish.

Future forecast: In the short term, the cost of butyl acetate is negative, the supply and demand are weak or the market is troubled for a long time, and the weak shock will continue. In the near future, attention should be paid to the price trend of upstream acetic acid and n-butanol, as well as the commencement of downstream plants.

This week, the domestic cyclohexanone market was weak, and the raw material pure benzene market was in shock operation. The cost support was relatively stable, but the downstream demand was general, and the purchasing power was insufficient. The price of cyclohexanone fell slightly.

According to the monitoring data of the business community, from November 11 to November 18, the average price of cyclohexanone in the domestic market remained at 9500 yuan/ton, down 4.31% month on month and 12.18% year on year.

Summary of domestic cyclohexanone market as of November 18:

Region,. Price

In East China, 9700-9800 yuan/ton of spot exchange is sent to

In South China, 9900-10100 yuan/ton of spot exchange will be sent to

In Shandong Province, 9500-9600 yuan/ton of spot exchange is sent to

Raw material pure benzene: the price of domestic pure benzene market fluctuates mainly. East China spot traded at 6970-7150 yuan/ton, and Shandong market traded at 6850-6950 yuan/ton.

Downstream caprolactam: the spot price of caprolactam is relatively strong. Short term caprolactam supply is tight to support the price, the seller’s price is firm, and downstream polymerization plants just need replenishment.

With pure benzene running horizontally, the cost support is relatively stable, and the total downstream demand is still average. The cyclohexanone analysts of the business community predicted that the short-term cyclohexanone market was weak.

Price trend

According to the bulk list data of business cooperatives, the domestic vitamin market did not improve significantly in the second week after the release of the price adjustment information of big factories. The demand was restricted, and the overall market maintained its original trend.

According to the price monitoring of the business community, the price of vitamin C this week is for us to play. The average price of food grade vitamin C at the beginning of the week is 27.67 yuan/kg, and the average price at the weekend is 27.67 yuan/kg. There is no increase or decrease, down 43.15% year on year. The factory continues to stop reporting, the traders’ prices follow the market, and the downstream demand is the main demand. The factory gives up profits and takes the goods away.

The price of raw corn continues to rise. It is expected that with the continuous increase of corn supply in the new season with low water content in the second half of the month, the probability of price stagflation and callback will gradually increase, and the probability of monthly average price falling month on month or slightly is high.

In October, the price of vitamin A was consolidated and operated, and the average price of feed grade vitamin A was stable at 107.5 yuan/kg, with no increase or decrease, down 63.97% year on year. The current mainstream market quotation is 98-105 yuan/kg, while the European market quotation drops to 30-33 euros/kg. On November 2, the price of Xinhecheng Vitamin A was raised to 125 yuan/kg, and the market was stable.

 
This week, the price of vitamin E is stable and slightly fluctuated. The current VE market price is 82-84 yuan/kg, and the European market price is 8.9-9.2 euros/kg. At the beginning of the month, the news of the price increase of large factories had limited impact on the vitamin E market. At the same time, according to the export trend in recent months, the export volume decreased month by month, weakening the support for vitamins.

Future market forecast

Vitamin analysts from the Chemical Branch of the Business Community believe that there is no guidance on substantial positive factors in the current vitamin market, and the demand side is slow to follow up, with many small people living alone. It is expected that the short-term market will remain weak, and pay close attention to the factory production downtime and delivery.

1、 Trend analysis

According to the nickel price monitoring of the business community, the nickel price rose sharply this week. As of November 11, spot nickel was quoted at 209033.33 yuan/ton, up 7.52% from the beginning of the week and 42.75% year on year.

Nickel weekly fluctuation chart

According to the weekly ups and downs chart of the business community, in the past 12 weeks, the nickel price rose by 4, fell by 1, and has strengthened recently.

Nickel industry chain

LME Nickel Inventory

As of November 10, LME nickel inventory was 50382 tons, 30 tons less than the previous day. In the last month, LME nickel inventory decreased by 1644 tons, a decrease of 3.16%.

Macroscopically, consumer prices (cpi) in the United States rose less than expected last month. The official inflation rate fell to 7.7%, lower than 8.2% in August, and lower than 7.9% expected by economists. Senior officials of the Federal Reserve support slowing the pace of interest rate increase. A lower peak in US interest rates will help metals as higher interest rates restrain economic activity and boost the US dollar. According to the data released by the National Bureau of Statistics of China, in October, the demand of some industries increased, and the national PPI rose slightly month on month. However, affected by the high comparison base in the same period last year, it turned from rising to falling year on year.

In terms of supply and demand, nickel ore is affected by the rainy season in the Philippines, and the supply starts to decline. The price of nickel ore is firm, and the cost support is strong. Downstream stainless steel production scheduling increased on a month on month basis, and the demand side began to weaken. The stainless steel inventory accumulated, and procurement fell back. Inventory at home and abroad still remains at a historical low. In addition, LME’s concern about the Russian nickel resource sanctions remained unchanged. The nickel industry chain is now in a pattern of weak supply and demand.

To sum up, the market’s expectation that the Federal Reserve may slow down interest rate hikes continues to rise, the dollar index falls sharply, and the pressure above nonferrous metals continues to ease. As November gradually entered the slack season, stainless steel may gradually return to the weak operation, and the higher production scheduling plan has also increased the digestion pressure. The industrial chain may gradually enter the negative feedback, which has also become the main factor restricting the nickel price. At present, macro factors influence the overseas market, while the domestic market follows passively. With the expectation that the fundamentals cannot be effectively improved, nickel price is expected to maintain a wide range of shocks in the short term.

According to the sample data monitored by the business community, from November 7 to 14, the domestic ethanol market was slightly sorted out. At the beginning of the week, the average price of domestic ethanol producers remained at 6737 yuan/ton, and at the end of the week, it reached 6725 yuan/ton. The price fell 0.19% within the week, 0.92% month on month, and 3.58% year on year.

The domestic ethanol market continues to be dominated by weak transactions. The supply side is relatively abundant in the short term, and the operating capacity of production plants is higher than that in October. However, the demand side is limited in the short term, which continues to be weak, and it is difficult to see significant benefits in the short term. The transaction price of the domestic ethanol market continues to be dominated by weak operations

In terms of raw materials and costs, the business community monitored that the domestic corn market price was relatively strong, rising 0.35% from 2802 yuan/ton at the beginning of the week to 28127 yuan/ton at the end of the week.

From the perspective of downstream products, the commencement of downstream ethyl acetate basically remained stable, and the price was low. The business community monitored that the price of ethyl acetate remained at 6950 yuan/ton at the beginning of the week, and fell to 6933 yuan/ton at the weekend, with a 0.24% drop in the price during the cycle.

In the short term, the price of corn is mainly stable, and the supply in the later period is increased, which may be weak. The downstream ethyl acetate operates weakly and stably. The ethanol analysts of the business community predicted that the domestic ethanol market would be weak in the short term.

Aluminum fluoride price rises this week

According to the data of the business agency, the price of aluminum fluoride rose continuously this week. As of November 14, the average price of aluminum fluoride in China was 11600 yuan/ton, up 300 yuan/ton or 2.65% from 11300 yuan/ton on November 6.

Price rise of raw materials

According to the monitoring of the business community, the price of fluorite rose slightly this week. As of November 14, the price of fluorite was 3200 yuan/ton, up 0.39% from 3187.50 yuan/ton on November 6; The price of hydrofluoric acid rose continuously this week. As of November 14, the price of hydrofluoric acid was 11185.71 yuan/ton, up 0.51% from 11128.57 yuan/ton on November 6. This week, the prices of raw materials fluorite and hydrofluoric acid continued to rise, the cost of aluminum fluoride rose, and there was still great downward pressure on aluminum fluoride.

Market overview and forecast

Analysts from the aluminum fluoride industry of the business community believed that: the prices of raw materials fluorite and hydrofluoric acid continued to rise, the cost of aluminum fluoride rose, and the upward momentum of aluminum fluoride remained strong downward pressure. In the future, the cost will continue to rise, and the aluminum fluoride price is expected to rise in the future.