1、 Trend analysis

 

According to the data monitoring of the business agency, the cobalt price this week was greatly adjusted, and the decline of the cobalt market could not be stopped. As of March 20, the price of cobalt was 256500.00 yuan / ton, down 1.03% from the average price of 259166.67 yuan / ton at the beginning of the week. The closure of factories and stores has affected the confidence of cobalt market. The panic of cobalt market has spread and the price of cobalt has fallen.

 

Benzalkonium chloride

2、 MB cobalt price drops sharply

 

Judging from the trend of MB cobalt price, the price of MB cobalt fell sharply this week. The decline of international cobalt market further hit domestic cobalt market, which was negative.

 

3、 Apple will close all retail stores outside Greater China

 

On the afternoon of March 14, Beijing time, Apple’s official website announced today that all stores (retail stores) in China (Greater China) have been reopened, and decided to close all stores in other regions of the world before next Friday (March 27)! Apple’s cell phone closing stores will inevitably affect mobile phone sales and generate negative demand for cobalt.

 

4、 Tesla temporarily closes California and New York plants

 

Sodium Molybdate

Tesla (NASDAQ: tsla) announced Thursday that its plants in Fremont, California and buffalo, New York, will be temporarily shut down. Tesla shut down the plant, further negative for cobalt market demand. Cobalt market spread bad.

 

6、 Future prospects

 

According to Bai Jiaxin, a data analyst at business club, the global economy is in a weak state, multinational enterprises are shutting down or reducing production, and sales outlets are also affected by the trend of closure. The closure of production enterprises and sales outlets has a great negative effect on the demand of cobalt market. In the absence of a significant reduction in supply, the downward pressure on cobalt market is increasing. In the short term, the market of cobalt is good but not good, and the negative effect is increasing. Although 5g is still stimulating consumption for a long time, and the general trend of new energy vehicles, cobalt market is still optimistic for a long time. However, cobalt city was closed shop tide poured a basin of cold water, cobalt city rising cycle infinite delay. Short term cobalt market is more bearish than positive, and cobalt price is short-term bearish.

http://www.lubonchem.com/

On March 19, the HFA commodity index was 104.36, unchanged from yesterday, down 25.69% from 140.43 (2018-02-21), the highest point in the cycle, and up 94.74% from 53.59, the lowest point on November 30, 2016. (Note: cycle refers to 2011-09-01 to now).

 

ferric sulfate (Poly ferric sulphate)

According to statistics, the price trend of domestic hydrofluoric acid market is temporarily stable. Up to now, the price of domestic hydrofluoric acid market is 11500 yuan / ton, and the operation rate of domestic hydrofluoric acid is more than 60%. The enterprise reflects that the current spot supply of hydrofluoric acid in the site is normal. Due to the impact of public health events, some units have not been started, and the recent market of goods in the hydrofluoric acid site is relatively smooth. Due to the general downstream demand, hydrofluoric acid market is relatively smooth The market price trend is stable for the time being. At present, the mainstream of hydrofluoric acid negotiation in the south is 11000-11500 yuan / ton, and the price of hydrofluoric acid in the north market is 10500-11500 yuan / ton. The price trend of domestic hydrofluoric acid market is stable for the time being, the supply of spot goods is normal, but the demand situation is not improved obviously, and the price trend of hydrofluoric acid is stable for the time being.

 

Azodicarbonamide (AC foaming Agent)

The market price of upstream fluorite is higher. In recent years, fluorite manufacturers are limited in starting work, and the supply of fluorite is very tight. The price of fluorite has been at a high level. As of the 19th, the price of fluorite is 3400 yuan / ton. The rising price of upstream raw materials brings certain cost support to the hydrofluoric acid market, and the price trend of hydrofluoric acid market is affected by the price support of raw materials fluorite. In the near future, the transaction market of downstream refrigerants of the terminal has increased. At present, the automobile industry is gradually back to work. The supply of R22 in China is tight. The price trend of domestic refrigerants R22 market is rising slightly. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air-conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises rises to 16500-1850 0 yuan / ton. The price trend of R134a market in China has increased slightly, and the unit operation rate of production enterprises has increased slightly. At present, the downstream operation is not high, and the demand for R134a is general. Recently, the stock of downstream industry has increased, and the price has increased slightly. The downstream is still on-demand procurement, and the price trend of hydrofluoric acid market remains high.

 

Generally speaking, the turnover in the refrigerant market is not very big. For the upstream hydrofluoric acid market, purchasing is on demand. However, with the shortage of fluorite supply and certain support for the cost, Chen Ling, an analyst at the business club, believes that the market price of hydrofluoric acid may remain at a high level.

povidone Iodine

On March 19, the PX commodity index was 44.00, which was the same as yesterday, setting a new low in the cycle, 57.03% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now).

 

EDTA

According to statistics, the market price trend of p-xylene in China is temporarily stable, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, other units are temporarily stable, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, and the market price trend of p-xylene is stable. The operating rate of PX plant in Asia is about 80%. On March 18, the closing price of PX market in Asia dropped by 30 USD / ton, and the closing price was 523-525 USD / ton FOB South Korea and 543-545 USD / ton CFR China. More than 40% of PX in China needs to be imported. The sharp decline of external price has a certain negative impact on the domestic market price of PX, and the market price trend of PX is temporarily stable.

 

US crude oil prices fell $1.49 to $25.46/barrel, or 5.53%, earlier to $25.08, the lowest level since late April 2003. Brent crude oil fell 84 cents (about 3%) to close at $27.89 per barrel after falling to $27.56, the lowest level since the beginning of 2016. In recent years, the trend of crude oil price has declined significantly, while the trend of domestic p-xylene price has been temporarily stable.

 

Melamine

In terms of downstream PTA, the price has dropped sharply to the level of 3400-3500 yuan / ton in the near future. The price of PTA has reached a new low since the listing, while the price of crude oil above is slightly higher than the 2016 low, and PTA has been in an oversold state. In view of the overall poor demand at home and abroad, PTA large factories began to jointly overhaul to relieve the market inventory pressure. As of March 17, the operating rate of PTA unit has declined to 69.17%, mainly because Fuhai Chuang’s 4.5 million T / a PTA unit was overhauled for 10-15 days near March 12; Hengli Petrochemical line 3 2.2 million T / a PTA unit was overhauled for 2 weeks from March 12; xinfengming 2.2 million T / A unit was installed on March 17 and entered the half month of overhauling, but from the feedback of the panel, the effect is very little, and the trend of xylene price is temporarily stable.

 

In the near future, the crude oil price trend has declined, the downstream PTA market price has fallen sharply, and the downstream demand of the terminal has not improved significantly. Business analysts believe that PX market price may decline.

EDTA 2Na

1、 Price trend

 

According to the data monitoring of business agency, the zinc market plummeted on Sunday, and the zinc price fell 7.31% on the 19th. As of March 19, the spot price of zinc was 14530.00 yuan / ton, down 8.88% from 15946.67 yuan / ton at the beginning of the week, and up 7.31% on March 19. Panic in the international market spread to China, and spot zinc prices fell sharply.

 

2、 Market trend analysis

 

Fitch lowered its forecast for zinc price this year

 

Fitch solution, an industry consultancy, lowered its forecast for zinc prices this year to $2250 a tonne from $2450 a tonne earlier, with factories in China and the rest of the world shutting down more at this stage. At the same time, the agency said that the processing cost of zinc concentrate has been increasing throughout 2019 and 2020 (in the supply contract), and the increase in the processing cost of zinc concentrate has encouraged Chinese zinc smelters to increase production in the second half of this year, which may lead to a reduction of market supply shortage. In the case of limited demand, zinc inventory increased significantly, leading to a decline in optimism among market participants. The upward momentum of zinc price weakened and the downward pressure increased.

 

Benzalkonium chloride

International zinc price fell for several days in a row

 

The price of zinc in LME market fell sharply for three consecutive days. On March 18, the price of zinc fell to 1819 US dollars / ton. The fall of international zinc price has a negative impact on domestic zinc price. The negative pressure of zinc is increasing.

 

The monthly rate of retail sales in the United States in February hit a new low since January last year

 

The monthly retail sales rate in the United States recorded – 0.5% in February, with an expected value of 0.2%. The previous value was revised up from 0.3% to 0.6%, and the monthly rate data hit a new low since January last year. Analysts expect a surge in grocery purchases in March, but in April it will be bad. The fall in U.S. consumption reflects the weak global consumption environment this year, the global economic downturn and the expected sharp decline in zinc demand. After the zinc market, the negative market increased.

 

Domestic zinc output from January to February

 

China’s zinc production in January February was 1.04 million tons, up 12.9% year-on-year, according to data released by the National Bureau of statistics on Tuesday. The high cost of zinc processing in China has made zinc smelting enterprises more active in production, increased supply of zinc market and increased zinc inventory.

 

Sodium selenite

The delivery service fee standard of multiple domestic futures is adjusted to 0

 

The previous exchange also announced that from April 10, 2020 to January 8, 2021, the delivery service charge standard of copper, aluminum, zinc, lead, nickel, tin, screw steel, wire rod, hot rolled coil, stainless steel, gold, silver, natural rubber, paper pulp, fuel oil and petroleum asphalt futures will be temporarily adjusted to 0.

 

3、 Future prospects

 

Bai Jiaxin, an analyst at business club, believes that although all countries have certain economic stimulus plans in the near future, the repeated circuit breakers in the stock market reflect that the economic stimulus plan has not brought much confidence to the market, and the global market demand is expected to decline sharply in 2020. For the zinc market, the price of zinc in the international market has dropped sharply for several consecutive days, and the negative pressure on the domestic zinc market continues to increase; however, under the condition of a sharp decline in demand expectation, the domestic zinc ingot production has not declined correspondingly. On the contrary, in January February, when most downstream customers stopped production, the domestic zinc ingot production has increased by 12.9% year on year. Under the condition of insufficient demand, the supply has increased, and the zinc ingot price has increased It is inevitable that things will fall. However, such a sharp decline on the 19th is still rare in the history of zinc market, and the increase in supply is only one factor. The fear of global market demand in the future is the main cause of zinc price falling to the end.

Stannous Sulphate

The price of silver has fallen beyond recognition

 

Trend of spot silver price

 

The futures market continued to decline after the third consecutive decline of Shanghai and Bank of China. Today, it continued to open low and walk low. On February 24, the price of Shanghai silver in 2006 was still 4500 yuan / kg. Today, the lowest price is 2857 yuan / kg, and the closing price is 2937 yuan / kg.

 

Silver futures fell to a total loss, comparable to the U.S. stocks. Spot silver prices are following suit.

 

According to the tracking data of business agency, the average price of spot silver market on March 19 was 2942.67 yuan / kg, which was 4247.33 yuan / kg compared with the average price at the beginning of the month, with a 30.72% drop in the month.

 

Break through 3000 silver and set a new low in 10 years

 

As a precious metal with strong industrial properties, silver has recently fallen. As precious metals, the trend of gold and silver prices tends to be obvious, but the recent gains and losses are significantly different.

 

According to the tracking data of business agency, the average spot gold market price on March 19 was 331.75 yuan / g, which was 370.75 yuan / g compared with the average market price at the beginning of the month, down 10.52% in the month. Lengthen the price trend (as shown in the figure below). At present, precious metal gold is only down the increase since December last year, while silver spot price has fallen to the lowest price since the tracking data on September 6, 2011.

 

On March 18, the silver commodity index was 35.19, down 0.54 points from yesterday, a record low in the cycle, down 65.76% from the highest point of 102.76 on September 6, 2011. (Note: cycle refers to 2011-09-01 to now)

 

Chitosan oligosaccharide

Price trend of gold and silver in recent 10 years

 
How to deal with market panic

 

List of interest rate cuts by central banks this week (incomplete statistics):

 

The Federal Reserve cut interest rates to zero on Sunday and launched a massive $700 billion quantitative easing program. The Federal Reserve also cut banks’ emergency loan discount rate by 125 basis points to 0.25% and extended the loan term to 90 days.

 

Bank of Jordan: cut the main interest rate by 100 basis points (for the second time in recent two weeks) to 2.50% to stimulate the economy.

 

The Central Bank of Chile cut interest rates by 75 basis points to 1%.

 

The Egyptian central bank cut the interest rate by 300 basis points, reducing the overnight deposit rate to 9.25%, up from 12.25%.

 

Poland’s central bank cut the benchmark interest rate by 50 basis points to 1%; cut the bank’s direct financing rate by 100 basis points to 1.5%; and cut the rediscount rate to 1.05%, previously 1.75%.

 

The Bank of Iceland cut its benchmark interest rate by 50 basis points to 1.75%.

 

Brazil’s central bank: cut the benchmark interest rate by 50 basis points to 3.75%. Previously, analysts expected 4.00%.

 

Ghana’s central bank cut its benchmark interest rate from 16% to 14.5%.

 

Sodium Molybdate

Wrong killing in panic?

 

The outbreak of overseas oil black swan incident was superimposed, and the speculative market plummeted like a virus among various varieties.

 

Such as US stocks, because of their higher valuation + investment game theory convergence risk, panic resistance is weak, the bubble was plummeted to correct.

 

In the precious metals category, silver has a strong industrial attribute and a weak hedging attribute, which is obviously impacted by the convergence of panic and speculative effect.

 

Under the environment of the market’s growing concern about the economic slowdown and the simultaneous downward movement of precious metal prices, on the one hand, we should consider the dynamic changes in the physical demand and supply of precious metal silver; on the other hand, we should also consider the factors of capital, the speculative cost performance of silver in the trading market after the panic and collapse.

 

On the premise of no systemic risk in the world economy, ye Jianjun, a precious metals analyst at the business club, believes that with the stable market expectation and the disappearance of panic, the investment demand of precious metals will usher in a new climax under the loose monetary policies of various countries.

http://www.lubonchem.com/

On March 17, the fluorite commodity index was 119.30, unchanged from yesterday, down 6.42% from 127.49 (2019-01-03), the highest point in the cycle, and up 142.43% from 49.21, the lowest point on December 18, 2016. (Note: cycle refers to 2011-09-01 to now)

 

ferric sulfate (Poly ferric sulphate)

According to statistics, the price trend of domestic fluorite is stable temporarily. As of the 18th day, the average price of domestic fluorite is 3400 yuan / ton. In recent years, the operation rate of domestic fluorite plant is relatively low, there is less resumption of construction of mine and flotation plant in the site, and the supply of fluorite in the site is still tight. In the near future, the price of hydrofluoric acid in the downstream remains high. For the purchase on demand in the fluorite market, the goods in the fluorite site are in good condition, and the price trend of fluorite market is stable temporarily. In the near future, the downstream units are under normal operation, the spot supply of fluorite in the site is tight, and the downstream terminal purchases on demand, resulting in high market price. As of August 18, the price of 97 fluorite wet powder in Inner Mongolia was 3200-3400 yuan / ton, that of 97 fluorite wet powder in Fujian was 3300-3500 yuan / ton, that of 97 fluorite wet powder in Henan was 3300-3600 yuan / ton, and that of 97 fluorite wet powder in Jiangxi was 3300-3600 yuan / ton.

 

Azodicarbonamide (AC foaming Agent)

The market price of hydrofluoric acid downstream of fluorite fluctuates. As of the 18th, the domestic market price of hydrofluoric acid is 11500 yuan / ton. The high market price of hydrofluoric acid has a certain positive impact on the upstream market of fluorite. However, in recent years, the operation of hydrofluoric acid plant is general, the demand for fluorite is normal, some enterprises have not yet started, the supply of goods in the site is relatively tight, and the price of fluorite remains high. In the near future, the transaction market of downstream refrigerants of the terminal has increased. At present, the automobile industry is gradually back to work. The supply of R22 in China is tight. The price trend of domestic refrigerants R22 market is rising slightly. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air-conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises rises to 16500-1850 0 yuan / ton. The price trend of R134a market in China has increased slightly, and the unit operation rate of production enterprises has increased slightly. At present, the downstream construction is not high, and the demand for R134a is general. Recently, the stock of downstream industries has increased, and the price has increased slightly. The downstream is still on-demand procurement. The price trend of hydrofluoric acid market remains high, and the price trend of fluorite market is temporarily stable supported by favorable conditions.

 

On the whole, the market of downstream refrigerant industry is rising slightly, the supply of fluorite is tight, and the recent price trend of hydrofluoric acid market remains high. Chen Ling, an analyst of business agency, thinks that the market price of fluorite may remain high in the short term.

povidone Iodine

1、 Price trend

 

According to the sample data monitored by the business agency, as of March 18, the average price of domestic BDO market was 9760 yuan / ton, with a 1.91% month on month drop in price and a 7.77% year-on-year increase.

 

EDTA

2、 Market analysis

 

Products: the domestic BDO market is in a stalemate. The factory’s starting load is low, but the inventory pressure is high. Some manufacturers are still willing to ship at a low price. The downstream construction is limited, the demand recovery is slow, the market entry conflicts with the high price, and the focus of on-site single negotiation is slightly down.

 

In terms of market, BDO market in North China has a lower focus, limited on-site favorable support, weak downstream demand, increased market entry prudence, small order inquiry for some of the on-site memory, and relatively cold negotiation atmosphere for large orders. The BDO market in East China is weak, the downstream construction is limited, and the enthusiasm for entering the market is weak. The enterprise inventory is still difficult to digest, some manufacturers continue to let the interest shipping intention, and the focus of on-site actual single negotiation is slightly lower. The BDO market in South China is weak, the plant load is low, and the intention to support the market is still there. However, the downstream construction is limited, the market entry depresses the high price, and the focus of spot market negotiation is slightly weak.

Melamine

 

Industrial chain: in terms of raw materials, methanol and domestic methanol market as a whole maintained a weak trend, and prices in some regions continued to decline. In terms of the mainland market, the demand side is light, the supply-demand contradiction is dependent on each other, and the new price decline in the northwest is conducted, which leads to a continued decline in some parts of the mainland. In terms of port market, the narrow amplitude is mainly fluctuating, and the overall amplitude is not large. It is reported that the basis is slightly stronger, and the short-term market trends such as crude oil still need to be paid attention to.

 

Calcium carbide: the calcium carbide Market in Inner Mongolia fluctuates, and the main factory price of the local first-class calcium carbide is about 2700-2850 yuan / ton. The plant of the local manufacturer is generally started, and the downstream reception is acceptable. Based on the overall analysis, it is predicted that the short-term market price will fluctuate in a narrow range.

 

3、 Future forecast

 

On the positive side, the manufacturer’s offer is firm, and the factory starts at a low level. On the negative side, the downstream demand is weak, and the negative mood is obvious. BDO analysts predict that the short-term domestic BDO market will focus on narrow range consolidation, focusing on downstream commencement and actual single transaction.

EDTA 2Na

1、 Trend analysis

 

As shown in the figure above, on the 18th, the spot copper price was 41395 yuan / ton, down 1.62% compared with the previous day’s quotation, down 17.32% year on year. Shanghai copper’s main contracts fell sharply, with a drop of 6.26% to 39960 yuan.

 

2、 Market analysis

 

Chitosan oligosaccharide

In the afternoon, the hedge funds under chuanqiao water were redeemed in large quantities after a sharp fall, which caused further panic in the market due to the doubt of liquidity. In the afternoon, the market pessimism rose sharply. Shanghai copper fell to the limit in a straight line, and Luntong also fell below the $5000 threshold. LME copper inventory increased by 40600 tons to 220325 tons. Goldman Sachs lowered its average copper price forecast for the next three months to $4900 from $5900 per ton, while Standard Chartered Bank forecast an average copper price of $5420 per ton in the second quarter. According to the National Bureau of statistics, China’s refined copper output rose 2.8% to 1.527 million tons from a year earlier. Downstream consumption is still weak, and overall market trading is weak.

 

3、 Future prospects

 

Based on the above situation, copper analysts of the non ferrous branch of the business society think that: the macro expectation is poor, the inventory is accumulated, and the short-term copper price is still weak.

Sodium Molybdate

The TDI commodity index on March 17 was 58.38, flat with yesterday’s record low in the cycle, down 76.46% from the highest of 248.02 on October 19, 2016. (Note: cycle refers to 2011-09-01 to now)

 

Benzalkonium chloride

According to the data of the business club’s bulk list, on the 18th, the TDI market price in East China was 11033.33 yuan / ton, the market was weak, the downstream demand continued to be low, and the intention to take the goods was not good. Under the pressure of shipping, some enterprises made profits to ship, the actual transaction price was low, the overall downstream raw material inventory was too rich, the purchase and follow-up intention was particularly low, the market volume of trading was little heard, and the atmosphere was on the market The surrounding becomes more and more light. At present, the quotation of domestic goods with bills in East China is 10500-10700 yuan / ton, and that of Shanghai goods with bills is 10800-11000 yuan / ton. In terms of toluene, compared with the previous trading day, Sinopec’s South China enterprises today lowered the price of toluene by about 100 yuan / ton. The listing price of Shandong refining enterprises fell today, and the quotation of traders in East China fell. Affected by health concerns, the international crude oil market continued to fall last night, and the price of toluene in the domestic market also fell.

 

According to the analysis of the data division of the business club: at present, the atmosphere in the market tends to be cold, the downstream inventory is high, the demand continues to be low, the intention to take the goods is not good, the pressure of the enterprise’s shipment is large, the downstream market is less, and the transaction volume is insufficient. It is expected that the trend of domestic TDI market in the later stage is hard to be optimistic, and the company will pay close attention to the policy guidance of the later stage of the plant and the actual trading situation of the market.

http://www.lubonchem.com/

1、 Price trend

 

On March 17, NBR commodity index was 70.64, unchanged from yesterday, 42.88% lower than the highest 123.67 points (2017-02-20) in the cycle, and 36.85% higher than the lowest 51.62 point on March 8, 2016 (Note: the cycle index is 2012-09-01 to now). According to the monitoring of the business agency, the price of NBR was 15566 yuan / ton at the beginning of March, and 15000 yuan / ton as of March 17. Since March, the overall price has declined by 3.64%.

 

ferric sulfate (Poly ferric sulphate)

2、 Market trend analysis

 

In March, OPEC and OPEC + failed to negotiate on the reduction of crude oil production. Saudi Arabia and other countries continued to increase production, which led to a sharp drop in crude oil prices, and formed a strong pressure on the entire chemical industry chain from the source. According to the business news agency, WTI’s April contract price fell to 28.69 US dollars / barrel on March 16 from 47.52 US dollars / barrel on March 2, down 39.63% on the whole.

 

The price of raw material butadiene acrylonitrile is lower, and the cost of butadiene acrylonitrile rubber is negative. On the one hand, the price of raw material acrylonitrile has declined sharply. According to the monitoring of the business association, the outgoing price of Shanghai Secco acrylonitrile was 8950 yuan / ton at the beginning of March, which was reduced to 8300 yuan / ton as of March 16; the outgoing price of Anqing Petrochemical acrylonitrile was reduced from 9500 yuan / ton at the beginning of March to 8500 yuan / ton as of March 16. On the other hand, the price of raw material butadiene fluctuates at a low level. According to the monitoring of the business agency, the price of domestic butadiene has been in a low and slightly fluctuating trend since March, and as of March 16, the price of domestic butadiene was 6256 yuan / ton.

 

Azodicarbonamide (AC foaming Agent)

The number of domestic units returning to work and production is increasing gradually, and the downstream rubber hose and belt industries of nitrile are also returning to work, but the overall unit construction is still insufficient. According to the business association, at present, the return rate of downstream industry is close to 90%, but the overall operating rate is still not high, and the purchase of NBR is mostly on demand, with no significant breakthrough in the purchase volume.

 

3、 Future prospects

 

Business analysts believe that at present, on the one hand, crude oil, butadiene, acrylonitrile prices are still at a low level, from the cost of NBR formation negative. On the other hand, domestic enterprises return to work and production, and there is still room for demand to rise. According to the situation of upstream and downstream, in the later stage, the NBR was mainly subject to concussion.

povidone Iodine