Price Trend

According to the data of business associations, the price trend of cryolite market was stable this week, and the average price of cryolite market was stable at about 6333.33 yuan/ton during the week, down 3.62% from the same period last year. The Cryolite Commodity Index on August 9 was 76.92, unchanged from yesterday, down 24.00% from 101.21 points in the cycle (2011-10-31), and up 15.93% from 66.35 points on September 05, 2016. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: Cryolite prices have been running steadily this week, and there is no obvious price adjustment for manufacturers. As of the 9th, Zibo Kunyu Industry and Trade Cryolite quoted 6500 yuan/ton; Changshu Hongjiafu Co., Ltd. Cryolite quoted 7200 yuan/ton, down 100 yuan/ton from last week; Jiaozuo Minli Industrial Cryolite quoted 7000 yuan/ton; Zhengzhou Tianrui Cryolite quoted 6500 yuan/ton; Shandong Botao Group Co., Ltd. Cryolite quoted 7000 yuan/ton / Tons.

Industry chain: This week, the price of fluorite in the upstream of cryolite slightly decreased. At the beginning of the week, the average price of domestic market was about 312.50 yuan/ton. At the end of the week, the average price of domestic market was about 3106.25 yuan/ton, a decline of 0.20%, an increase of 16.34% over the previous year. The price trend of fluorite in the upstream slightly declined, mainly due to the imbalance of domestic supply and demand, the poor market of fluorite on-site, and the high start-up rate of fluorite plant on-site. However, the downstream demand situation is general, the spot supply of fluorite on-site is sufficient, and the price of fluorite on-site has a downward trend. As for downstream electrolytic aluminium, the price of aluminium has been on the upstream trend this week. At the beginning of the week, the price remained around 13856.67 yuan/ton, and at the end of the week, it was about 13953.33 yuan/ton, with a 0.70% rise.

3. Future Market Forecast

Analysts of cryolite products from business associations believe that: at present, the price quoted by cryolite manufacturers is multi-dimensional and stable, the equipment is running normally, the stock is sufficient and the shipment is acceptable, and the market of cryolite is expected to be stable in the later period.

Price Trend

Styrene prices fell slightly this week. According to data from business associations, the prices of sample enterprises on Monday (July 29) were 8 650.00 yuan/ton, and on Friday (August 02), the prices of sample enterprises were 8 583.33 yuan/ton, a decline of 0.77%, which was 27.97% lower than that of the same period last year.

II. Market Analysis

Products:

The market for styrene fell this week. On July 29, East China Styrene closed at 8650 yuan/ton and August 2 at 8500-8650 yuan/ton, down 150 yuan/ton. The above is Zhangjiagang’s canning price. On July 29, South China Styrene closed at 9,000-9,100 yuan per ton and delivered at 8,950-9,000 yuan per ton on August 2, down 50 yuan per ton. Since mid-July, domestic maintenance facilities have been restarted one after another. At present, the supply of styrene in East China is relatively loose, and the arrival of imported styrene has increased. In the future, some of the goods coming to South China are expected to be on the tight side. In the Middle East, the arrival of styrene in South China will be reduced.

Industry chain:

Pure styrene and ethylene prices both rose this week, styrene prices fell weakly and overall profits of styrene were squeezed. Upstream pure benzene prices rose slightly, with a price of 5210.40 yuan/ton at the beginning of the week and 5230.40 yuan/ton at the end of the week, a decline of 0.38%. At the beginning of the week, the price of ethylene was 874.50 yuan/ton, and at the end of the week, it was 891.50 yuan/ton, an increase of 1.94%. Downstream PS slightly declined, EPS prices stabilized, downstream enterprises generally start-up rate, downstream buying is not active, Styrene Market fell.

3. Future Market Forecast

In the second half of the year, domestic styrene plants were restarted more, and the upstream trend of styrene was strong, while the downstream was caused by China-US relations and the domestic housing and automotive industry depression. Demand was weak. On-demand goods were available on the market. Business analysts believed that the styrene market would continue to decline slightly under the interweaving of many empties. The market should pay more attention to the guidance of the external market and the trend of bulk futures.

Price Trend

According to the data monitored by business associations, the price of domestic carbon black quoted 6,900 yuan/ton on July 31, with a slight fluctuation and a price fluctuation range of 100-300 yuan/ton, the market of carbon black is stable this month, and the low-level operation is the main one.

In 2018, after a sharp fall in the carbon black market, it is difficult for prices to rise again. Prices fluctuated slightly throughout the first half of 2019, rearranged and maintained at 6,000-6,500 yuan/ton, and there was no further sharp rise or fall in the market.

II. Market Analysis

Industry chain: In the first half of 2019, the terminal tire market started to decline compared with last year. In the first half of the year, due to the reduction of terminal car sales, combined with trade and other factors, the tire factory started to decline. Due to the decline in start-up, the demand for carbon black in tire market in the first half of the year decreased by 706,600 tons compared with last year, and the demand decreased considerably, which limited the growth of the whole carbon black market and caused serious losses. In the second half of the year, due to the decrease of downstream demand and the off-season of downstream demand in July and August, the trend of carbon black falling easily and rising difficultly will continue.

Listed company:

On the evening of July 12, Longxing Chemical disclosed its semi-annual performance forecast for 2019. The company estimated that the net profit attributable to shareholders of listed companies from January to June 2019 was between 8 million yuan and 12 million yuan, down 81.02% to 87.35% from the previous year.

Longxing Chemical Main Products Carbon Black, Silica Black, Electricity, Steam and Industrial Naphthalene and other chemical products. As for the reasons for the decline in performance in the first half of 2019, the company said that during the reporting period, due to the dramatic decline in automobile production and sales, the downstream tire market start-up rate was lower than the same period last year, and the demand for carbon black in the tire market was lower. At the same time, with the release of new carbon black production capacity, the price competition in the carbon black industry was further intensified. Competition, raw coal tar market prices run at a high level, the common impact of carbon black gross interest rates significantly decreased year-on-year. The report of the first quarter of 2019 issued by the four major carbon black listed companies in China shows that the net profit of the four companies has declined dramatically, even a huge quarterly loss of more than 74 million yuan.

3. Future Market Forecast

Business Society Chemical Branch carbon black data analysts believe that: due to the downstream demand reduction, coupled with July and August for the downstream demand off-season, the trend of carbon black easy to fall and difficult to rise will continue, short-term has not been significantly positive, the market is expected to continue to operate at a low level.