From November 1, 2022 to November 3, 2022, the market price of 1 # electrolytic manganese rose. The spot market price in East China was 17300 yuan/ton at the beginning of the month and 17550 yuan/ton at the end of the month, with a monthly increase of 1.45%.

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 weekly and monthly electrolytic manganese K-bar chart above that the electrolytic manganese market stopped falling and recovered after entering August. Although the increase rate in August and September was less than 1%, the increase rate in October was 3.59%, and the electrolytic manganese market began to recover. From the weekly chart, we can see that the electrolytic manganese market has maintained a temporary stable operation for most of the time, and the price has risen significantly near the end of October.

Manganese ore: In October, the manganese ore market was strong,. As of November 29, the market inquiry enthusiasm of Tianjin Port has not decreased, and the quotation has been firm. The quotation of semi carbonic acid is about 34.5 yuan/ton, that of Gabon is about 40.5 yuan/ton, and that of Australia is 43.5-44 yuan/ton. Qinzhou Port manganese ore market continued to hold up the price sentiment, with firm quotations and higher transaction prices. The transaction price of semi carbonic acid in South Africa is 37 yuan/ton, that of Australia is 45-45.5 yuan/ton, and that of Gabon is about 42.5-43 yuan/ton. In October 2022, China’s total imports of manganese ore will be 2.635 million tons, with a month on month decrease of 15.7% and a year-on-year increase of 2.1%.

The market of electrolytic manganese fluctuated in the first ten days of the year, and the price rebounded significantly near the end of the month. At present, the mainstream market price is 15800-16000 yuan/ton, and the price has obviously warmed up. The market has a strong price mentality, and some enterprises have a strong price mentality, and they are reluctant to sell. In terms of supply, under the call of enterprises to reduce production, the recent operating rate is still low, the market supply is limited, and some quotations are high, but the overall transaction is limited, and the game psychology of both the supply and demand sides is still strong. The downstream demand is still soft in the near future, and the market is dominated by just needed procurement. The performance of the steel recruitment was fair, the price was higher than in the early stage, and the market mentality was slightly boosted. In general, the electrolytic manganese market lacks the support of actual demand. Under the pattern of weak supply and demand, it is expected to maintain a temporary stable operation in the short term. In the long term, the implementation of production restriction by subsequent enterprises may be beneficial to the market. The tight supply will boost the market mentality. It is expected that the price will be stable and strong, but the room for growth is limited.

In November, the spot price of silicon manganese was on the strong side. In the first ten days, the mining volume of Hegang Group increased month on month and month on month. The market confidence improved, and the futures trend improved significantly. The purchasing atmosphere of the whole market was active. In the last ten days, the news of production stoppage and reduction of downstream steel mills kept coming out, and the price decreased slightly. According to the price monitoring of the business community, the quotation in Ningxia (specification: FeMN68Si18) was about 7050-7150 yuan/ton on November 30, and the average market price was 7091 yuan/ton, up 1.55% from the beginning of the month.

Relevant data:

In September 2022, China’s imports of electrolytic manganese were 2000.39 tons, up 1000.38 tons month on month; In September 2022, the export volume of China’s electrolytic manganese was 23464.81 tons, up 3643.88 tons month on month.

Overview of magnesium metal trend in November

In November, the daily average price of domestic magnesium ingots fluctuated between 22600-25000 yuan/ton, and the average price in the cycle was 24072.62 yuan/ton, with a rise and fall of – 7.17%. In the first half of the month, the price of magnesium ingots was stable and weak, and the overall price had become a downward trend. Supported by raw materials such as ferrosilicon and coal, magnesium plants had limited concessions. In the second half of this month, the demand continued to fail to follow up. In the absence of favorable factors in the market, the price of magnesium ingots fell under pressure. At present, the price has fallen back to the lowest level in recent three months.

According to the price monitoring of the business community, as of November 29, the taxable spot exchange in the magnesium ingot market was 22866.67 yuan/ton, down about 2000-2500 yuan/ton from the beginning of the month, a decline of 7.17% and 37.64% from last year.

Market analysis

Export

According to customs statistics, in October, China exported 22966 tons of magnesium ingots, an increase of 23.4% month on month, a decrease of 5.6% year on year, and an accumulative increase of 7.1% year on year. After three consecutive months of decline, the export volume of magnesium ingots rebounded significantly in October. Under the influence of exchange rate, foreign countries have a weak mood of preparing goods before the festival, and the export volume is expected to decline in November.

Output

The output of magnesium ingots in China was 75100 tons in October and 756200 tons of raw magnesium from January to October, up 1.61% year on year. The output of Shaanxi in October was 45100 tons, up 0.45% month on month and 44.09% year on year; The output of Shanxi in October was about 18400 tons, up 39.39% month on month and 15.00% year on year.

Raw materials

Ferrosilicon rose 1.29% in November

In terms of ferrosilicon, the average market price in Ningxia was 8082.86 yuan/ton on the 29th, and the trend of ferrosilicon rebounded at the bottom in the early stage. In view of insufficient market demand, the transaction price of ferrosilicon weakened again. As the futures fluctuated before the end of the month, the spot price rose again.

In terms of coal, the price of raw coal is stable but weak. The loss scope of Lanzhou charcoal enterprises continued to expand, some enterprises lowered the factory price slightly, a few enterprises suspended sales, and the operating rate declined.

Future market forecast

To sum up, the magnesium ingot market is under pressure at present. In the short term, under the condition of poor demand, the manufacturers are in a strong shipping mood. The industry is less pessimistic than the future market, and the price of magnesium ingot will continue to decline.

1、 Price trend

According to the monitoring data of the business community, the average factory price of domestic chlorinated paraffins 52 was 6233 yuan/ton on November 1, and 5933 yuan/ton on November 28. The price of chlorinated paraffins fell 4.81% this month.

2、 Market analysis

According to the weekly increase and decrease from September 5, 2022 to November 27, 2022, the domestic chlorinated paraffins will rise and fall with each other during the cycle, which is more stable. The downward trend in November was the main trend, and the largest increase in October was – 2.14% in the week of November 7.

The chlorinated paraffins market trend fell sharply this month. In the first week of November, the price of chlorinated paraffins was generally stable, and the market did not fluctuate significantly. The overall price of raw materials is stable, and the cost support is average. Downstream procurement is mainly based on demand, and the market trading atmosphere is poor. In the second week of November, the price of chlorinated paraffins began to decline mainly, and the market fluctuated and fell to the end of the month. The price of liquid chlorine of raw materials decreased, and the cost support weakened. The supply of chlorinated paraffins is fair, the downstream demand is sluggish, the trading on the market is limited, and the wait-and-see mood in the industry increases. As of November 28, the ex factory quotation of chlorinated paraffins 52 in Anhui Province was about 6400 yuan/ton, that in Northeast China was about 6000 yuan/ton, and that in Shandong Province was about 5400 yuan/ton.

In terms of raw material liquid wax, the price of liquid wax rose first and then fell this month, which fluctuated with the crude oil market. In the first half of the month, the market supply was tight, the price continued to strengthen, and began to decline in the second half of the month. At present, the liquid wax is shipped stably, and the transaction is fair. In terms of raw material liquid chlorine, the price of liquid chlorine decreased steadily this month. In the first ten days of November, the liquid chlorine market generally operated smoothly, with slight shocks in some areas and poor on-site shipments. Since the middle of November, the price of liquid chlorine in Shandong has dropped sharply, and the shipment on the market is slow, so the overall flow of goods is not smooth.

3、 Future market forecast

According to the chlorinated paraffin analysts of the business community, the current cost support of chlorinated paraffin is weakened, the demand side remains weak, and the chlorinated paraffin market is weak. Due to the impact of domestic epidemic transportation, there is a large price difference among different regions in China. It is expected that in the short term, the chlorinated paraffin market will be dominated by narrow range finishing operation.

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.