1、 Price trend

According to the monitoring of the business agency, the price of power coal has dropped slightly. On October 20, the average port price of steam coal was maintained at 620 yuan / ton. On October 1, the average price of steam coal was 611.25 yuan / ton, a slight increase of 1.43%, a decrease of 0.2% compared with the average price of 621.25 yuan / ton on October 18, and the price was 7.3% higher than that of last year.

On October 19, the commodity index of steam coal was 74.76, down 0.09 points compared with yesterday, 27.42% lower than 103.01 points (2011-11-15), and 67.25% higher than 44.70 points, the lowest point on January 20, 2016. (Note: period refers to 2011-09-01 to now)

2、 Analysis of influencing factors

In terms of production area, Shanxi Province has recently suffered a coal accident, and the safety inspection may be strengthened, but the mine inventory is relatively sufficient, and the coal price is expected to fluctuate little. The release of coal production in the main producing areas has been accelerated, and the supply has gradually increased. At present, the production of some advanced large mines in some areas of the main production area has been gradually released, and it is expected that the coal mine area with increased production and guaranteed supply will continue to expand in the future.

Downstream power plants: entering the fourth quarter, the demand for electric coal is strong in winter peak season, and the inventory decreases rapidly. The centralized procurement of power plants leads to the rapid rise of coal price. However, the cumulative stock of Beigang is weak, and the inventory of main ports has dropped to below 19 million tons again, but it is still at a high level. The port coal price has been slightly adjusted, the seller’s willingness to ship goods has increased, and the transaction is rare. The mainstream closing price of 5500 kcal steam coal is about 615-620 yuan / ton.

In September, the production of raw coal was 330 million tons, a year-on-year decrease of 0.9%, an increase of 0.8% over the previous month; the average daily output was 11.04 million tons, with an increase of 530000 tons on a month on month basis. From January to September, it produced 2.79 billion tons of raw coal, down 0.1% year on year. In September, a small number of coal mines were shut down due to factors such as over production in main production areas, safety production, coal management tickets, etc., and the output of raw coal decreased year on year. In the northern heating season winter storage and import coal decreased year on year, domestic supply shrank.

Business agency analysts believe that: the domestic power plant inventory is at a high level, the demand for winter storage and replenishment of key power plants exists, and the inventory continues to rise. The power plant has a large inventory, but the winter heating season is coming, and the power plant still needs to replenish the thermal coal. It is predicted that the short-term steam coal price will still be mainly in the range of integrated operation, which depends on the downstream market demand.

According to the data monitored by the business agency, the domestic PP market price fluctuated in mid October, and the offer was stable. Spot prices of some brands increased slightly. As of October 20, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8150 yuan / ton, an increase of 1.66% compared with the average price at the beginning of the month.

Cause analysis

PP upstream propylene domestic (Shandong) market in the first half of October shock finishing, big stable small move. At the beginning of the month, the price was a half month low price, 7503 yuan / ton; on October 8 and 9, it was a half month high price, 7530 yuan / ton; on October 16, it was 7524 yuan / ton, with a half month increase of 0.28%; the amplitude was only 0.36%. At present, the market transaction is still between 7480 and 7650 yuan / ton, and the mainstream price is about 7500 yuan / ton. Generally speaking, the overall supply of some propylene units is still a little tight in the near future. The price of crude oil in the upstream fell slightly, while the price of crude oil in the downstream was slightly higher. At present, the inventory of manufacturers is at a low level, but most of the procurement is just needed operation, which is used and bought now. The current propylene price has been at the recent high level for a long time and has been digested. Therefore, it is expected that the propylene price will remain stable in the near future.

Upstream propylene since October high firm, the market is relatively stable, the cost side of PP support is acceptable. According to the data monitored by the business agency, the market performance of PP (drawing) fluctuated slightly in mid October. The lower reaches resume work after the festival, and the demand is large, which has a certain support for the spot price. In terms of inventory, although the cumulative inventory of petrochemicals in recent years exceeded the expectation, the inventory level was still in a seasonally moderate position, and the port inventory was still low. The increase before the festival made PP gradually appear high pressure in the near future, but the industrial chain inventory did not continue to accumulate, the overall supply of wire drawing was also limited, and the spot price was still strong. As for the far upstream crude oil, the trend is general due to some production increase news, which has a certain suppression on the chemical industry chain. On the demand side, the current downstream inquiry sentiment is not high, trading focus on the low price. External demand is mixed, some automobile, bottle cap and closure industry demand is strong, film material market response is general. Analysts are worried about the new capacity that may be released by the end of October, which may have an impact on the PP market.

According to the data monitored by the business agency, as of October 20, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8316.67 yuan / ton. Compared with the average price at the beginning of the month, there was a slight drop of 0.40%. The monthly high appeared early on the 14th at 8383.33 yuan / ton, and the overall operation was stable in the first half of the month. It is reported that the average operating rate of domestic PP manufacturers decreased by 3.48% last week. In the near future, Sinopec plans to shut down, Yangzi Petrochemical and Sichuan Petrochemical will restart, and the operating rate is expected to rise slightly. In the middle of this month, the maintenance of polypropylene was reduced, and new units were put into operation. Business operations tend to be cautious, downstream side just need to prepare goods, mentality to wait-and-see atmosphere. It is expected that PP (fiber) will be in consolidation operation in the near future.

PP melt blown material market in mid October big stable small move, domestic PP melt blown material market confidence is still poor. According to the data monitored by the business agency, since October, PP (melt blown) material has been adjusted. As of October 20, the average price of sample enterprises is about 14533.33 yuan / ton. At present, the epidemic situation in China is generally stable. Recently, relevant experts have taken the lead to consolidate the epidemic prevention measures and strictly prevent the rebound. The overseas epidemic situation is still deteriorating. Non woven fabrics used in medical protection applications continue to be sought after, and the demand is expected to rise. However, the competition among domestic anti epidemic product manufacturers is still strong, and the profits of the main downstream mask factories are seriously diluted. At present, the price of PP (melt blown) is relatively low, and it is expected that the melt blown material will recover due to the influence of demand expansion in the near future.

Future forecast

PP business agency analysts believe: in mid October domestic PP spot market prices are generally stable. Upstream propylene market high firm, on the PP cost side there is support. PP (drawing) supply volume is still not to, PP (fiber) market high firm, PP (melt blown) demand is expected to rise, the price is temporarily stable. At present, the decline of petrochemical inventory slowed down and slightly increased, and the trend of futures in the near future was not strong, and there was no obvious positive effect on spot. The stock situation of downstream factories is fair, the business mentality is general, and the offer follows the market. It is expected that the increase of operating rate may cause the gradual increase of PP spot supply, and the market may be weak.

From October 9 to 16, 2020, the market price of crude benzene first fell and then rose. The ex factory price in North China was 2523.75 yuan / ton at the beginning of the week and 2473.75 yuan / ton at the end of the week, with a weekly decrease of 1.98%.

Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

October 9 3300 – 150

October 14 3350 + 50

October 16 3400 + 50

In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) was lowered once and increased twice. As of October 16, the price was 3400 yuan / ton.

This week, coking enterprises started to operate well. Coke has gone through four rounds of rising, with an accumulated increase of 200 yuan / ton. At present, coking enterprises have higher profits, loose environmental protection policies, higher operating rate in the near future, and sufficient supply of crude benzene. After the festival, the crude benzene market price first fell and then rose, and the pure benzene market fell after the festival, and the crude benzene market mainly fell. Since the beginning of the week, the price of pure benzene began to rise. Thanks to the help of the downstream styrene price rise, the ex factory price of pure benzene was raised twice this week to 3400 yuan / T, and the hydrogenated benzene manufacturers followed the increase. However, the cost pressure of hydrogenated benzene enterprises was still high, and they were against high price crude benzene. This week, the bidding price is only slightly reduced, and it is about 50 yuan / ton in Shandong Province.

In terms of downstream demand, the comprehensive operating rate of hydrogenated benzene enterprises was relatively stable, maintained at about 58%. Some units in Shandong had plans to start operation before the end of October, which had certain support for crude benzene price.

In the aftermarket, the Business Association believes that the current pure benzene market rebounds, and the downstream hydrobenzene unit will start operation on schedule, and the demand will rise in part. The downstream demand of hydrogenated benzene and pure benzene is good, which has a certain basic support for the crude benzene market, and the crude benzene Market in the future is mainly stable and strong.

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium on October 12 was 1866 yuan / ton, and that on October 16 was 1883 yuan / ton, up 0.89% this week.

According to the business club’s large list data, the average ex factory price of 64% diammonium on October 12 was 2306 yuan / ton, and that on October 16 was 2313 yuan / ton, which was 0.29% higher this week.

2、 Market analysis

This week, the price of monoammonium phosphate rose slightly, and the operating rate of enterprises was about 71%. Some enterprises overhaul, production reduced. In Anhui Province, 55% powdered ammonium was quoted at 1900-1950 yuan / T, and the start-up was stable. In Hubei Province, the ex factory quotation of 55% powdered ammonium is about 1850-1950 yuan / ton, and that of 60% powdered ammonium is 2050-2150 yuan / ton. The market in Henan maintained stable operation. The factory quotation of 55% powdered ammonium was about 1850 yuan / ton, and the start-up was stable. The price of 55% powdered ammonium in Shandong Province is 1850-1950 yuan / ton, and the price is stable. The factory quotation of 55% powdered ammonium in Sichuan is about 1900 yuan / ton.

The price of diammonium phosphate rose slightly this week, and the operating rate of enterprises was about 50%. The mainstream factory quotation of 64% diammonium in Hubei Province is 2200-2350 yuan / ton, that of 64% diammonium in Shandong Province is 2250-2350 yuan / ton, that of 64% diammonium in Yunnan Guizhou area is 2300-2450 yuan / ton, and that of 64% diammonium in Anhui Province is 2250-2450 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2300-2450 yuan / T. The quotation of 64% diammonium at the first arrival station in Heilongjiang Province is about 2500 yuan / ton.

This week, raw materials such as phosphate ore and sulfur began to rise. After the double festival, the domestic construction of raw phosphorus ore gradually recovered, and the on-site trading was stable. It was heard that some mining enterprises might raise the quotation, and the new orders were sold at sporadic high prices, and the market was mainly wait-and-see. At present, after the high-end quotation of phosphate ore market, the trading is fair, and the procurement is mainly required.

3、 Future forecast

Ammonium phosphate analysts believe that at present, the price of Monoammonium raw materials is rising, the market trading atmosphere is good, and the transaction center is up. It is expected that monoammonium will rise steadily in the short term. The quotation of diammonium continued to be firm, the domestic market was stable, and the international market demand was good. It is expected that diammonium will continue to rise in the short term.

According to the data monitoring of the business agency, the domestic cis-1,4-polybutadiene rubber market rose slightly this week (10.12-10.16), with the price at 9070.00 yuan / ton at the beginning of the week and 9340.00 yuan / ton at the weekend, an overall increase of 2.98%.

This week, the ex factory price of domestic cis-1,4-polybutadiene rubber and petrochemical manufacturers was raised. As of October 16, the ex warehouse price of Daqing cis-1,4-polybutadiene of PetroChina Northeast sales company was implemented at 9400 yuan / ton. This week, the operating rate of domestic petrochemical cis-1,4-polybutadiene rubber plant increased compared with that at the end of September. According to the business agency, Shandong Wanda polybutadiene rubber plant has been restarted during the National Day holiday, with normal operation of Yangzi, Lande, Qixiang, Qilu and other cis-1,4-polybutadiene rubber plants of Xinjiang Lande fine Petrochemical Co., Ltd., with a daily output of about 140 tons; and Shandong Wanda Co., Ltd The company’s 50000 T / a high CIS polybutadiene rubber plant was shut down for maintenance from 9.30 to 10.6 days. At present, it has resumed normal operation after restart, with a daily output of around 100 tons. The supply of cis-1,4-polybutadiene rubber increased slightly this week.

The price of raw materials rebounded, and the cost was supported by cis-1,4-polybutadiene rubber. As of October 16, the butadiene price was 6863 yuan / ton, up 7.86% from 6363 yuan / ton at the beginning of the week, according to the monitoring of the business agency.

The start-up of downstream tire market continued to rise slightly, and the start-up of all steel tire and semi steel tire remained above 70%, and there was rigid demand for rubber.

Aftermarket forecast: business agency analysts believe that at present, the price of raw material butadiene rebounded to a certain high level, and the downstream demand has certain support, it is expected that the price of cis-1,4-butadiene rubber will continue to be high in the short term.

Xinfengming announced today (October 19) that with the joint efforts of all employees of the company, through the early stages of equipment installation, single machine commissioning, linkage commissioning, cold commissioning, hot commissioning and material commissioning, phase II of Dushan energy, a wholly-owned subsidiary, has put into operation a green intelligent PTA project with an annual output of 2.2 million tons. The PTA phase I plant with an annual output of 2.2 million tons has been put into operation on October 30, 2019.

This is a major measure for xinfengming to extend the industrial chain upstream, complete PTA self-sufficiency, further reduce the cost of main business, and enhance the comprehensive strength of the company. Also further enhance the company’s profitability, competitiveness and anti risk capabilities, improve the comprehensive utilization of resources, consolidate the company’s competitive advantage of polyester filament products.

According to the statistics of the business agency, the domestic PTA capacity increased rapidly from 2010 to 2014, while the period from 2015 to 2016 experienced a period of de capacity and entered a stable period. It is estimated that PTA will usher in a new round of production capacity release cycle from 2020 to 2022. By the end of 2022, PTA has a total capacity release plan of 29.3 million tons. The new capacity mainly comes from the raw material matching of downstream leading enterprises and the expansion of PTA’s main suppliers. The era of PTA’s high boom will come to an end.

Statistics of domestic PTA new capacity in 2020 (unit: 10000 tons)

Change of annual production capacity of enterprise name

Zhongtai Petrochemical Co., Ltd. 120 to be discharged on January 1, 2020

Hengli Dalian 250: 1.25 million tons of lines will be discharged on January 14, 2020, and the other 1.25 million tons of lines will be put into operation on January 18

2.5 million tons of lines will be put into operation on June 28, 2020, and products will be produced on June 29, 2020, and another 1.25 million tons will be put into production on July 10

Dushan energy 220 will be put into operation on October 19, 2020

Fujian Baihong 250 is planned to be put into operation in October 2020

Sinopec 330 is planned to be put into operation near the end of 2020

2020 is the peak of PTA production, and the production capacity has increased significantly. Since this year, 6.2 million tons of units have been put into the market, including 1.2 million tons of Zhongtai chemical, 2.5 million tons of Hengli Petrochemical phase 4 and 2.5 million tons of phase 5 of Hengli petrochemical. In addition to the 2.2 million tons of Dushan energy put into production today, the domestic PTA production capacity has reached 61.055 million tons. It is estimated that Fujian Baihong 2.5 million ton unit will be put into operation in October in the fourth quarter, and the 3.3 million ton unit of Sinopec is planned to be put into operation near the end of the year. If the unit is put into operation smoothly, the production capacity may reach 66.855 million tons by then, which will greatly increase the domestic PTA supply pressure, and the pattern of excess supply is still severe, which will bring pressure on the market price. According to the price monitoring of the business agency, as of October 19, 2020, the average price of PTA spot market in China was 3442 yuan / ton, a year-on-year decrease of 31.67%.

Xia Ting, an analyst at the business agency, believes that in the near future, the demand for downstream terminals is picking up and PTA devices are undergoing large-scale maintenance, and PTA prices are facing a wave of upward trend. However, the new production capacity feeding has a certain impact on the market. In addition, the production and sales of polyester in the downstream have fallen down as a whole. Only relying on the high production and sales of polyester staple fiber can not boost the market. It is expected that PTA market will continue to rise, with insufficient power.

1、 Price trend

According to the data of business agency, on October 15, the average price of domestic liquefied natural gas was 2900 yuan / ton, up 10.27% compared with that before the festival (8 days), 23.23% month on month, and 22.67% lower than the same period last year.

2、 Analysis of influencing factors

Since the return of the double festival, the domestic LNG market continued to rise, and the strong market continued to this week, with a 7-day continuous rise of 10.27%, with a strong upward momentum. Since April 15, northern cities have entered the winter heating period, regional urban fuel storage has been opened, Shaanxi, Shanxi, Inner Mongolia, Ningxia, Xinjiang and other places have been fully opened up, the price has been increased by 100-250 yuan / ton, the market trading atmosphere is good, and the price of the terminal has also increased by about 50-200 yuan / ton. Domestic gas and air intake have risen hand in hand to meet the arrival of the traditional peak season.

On October 10, the benchmark price of feed gas in Northwest China was raised to 1.28 yuan / m3, and the increase in cost boosted the market atmosphere. At present, the on-site supply is relatively abundant, the start-up of the liquid plant is stable, a few enterprises have maintenance plans, and the overall operating rate is slightly increased. The downstream demand improved, the city fuel replenishment was positive, the vehicle demand increased, the gas station sales were good, the industrial demand was improved, the demand side was strong, the business attitude was optimistic, and the driving mood was not reduced.

According to the data monitoring of business agency, as of October 15, the average price in Inner Mongolia is around 2910 yuan / ton, and the price is rising; in Shaanxi, the average price is around 2880 yuan / ton, the price is rising; in Shanxi, the average price is around 2970 yuan / ton, the price is rising; in Xinjiang, the average price is around 3270 yuan / ton, the price is rising; in Ningxia, the average price is around 2980 yuan / ton, the price is rising, and the average price in Sichuan is 2660 yuan Around yuan / ton, the price is temporarily stable, and the prices of many places are rising as a whole.

Enterprise capacity rose and fell from October 15 to October 9

Inner Mongolia Shitai: 550000 cubic meters / day: 2900 yuan / ton: 2650 yuan / ton: 250 yuan

Star Energy: 1 million cubic meters / day 2860 yuan / ton 2770 yuan / ton 90 yuan

Inner Mongolia Sentai: 1.2 million cubic meters / day: 2920 yuan / ton: 2650 yuan / ton: 270 yuan

Zhongyuan green energy: 3 million cubic meters / day, 2940 yuan / ton, 2700 yuan / ton, 240 yuan

Shengdazizhou: 1 million cubic meters / day: 2900 yuan / ton: 2810 yuan / ton: 90

Dazhou Huixin: 1 million cubic meters / day: 2580 yuan / ton: 2580 yuan / ton

Ningxia Hongxing 1 million cubic meters / day 3000 yuan / ton 2780 yuan / ton 220 yuan

Qinshui Xinao — 2950 yuan / ton 2700 yuan / ton 250 yuan

Naomao Lake in Xinjiang (east of Lanzhou) 1.5 million cubic meters / day 2750 yuan / ton 2500 yuan / ton 250 yuan

Most downstream products show an upward trend

Methanol, domestic methanol market rose, some manufacturers continued to increase the ex factory quotation, in which Shandong, Anhui and Fujian regions showed a significant rise. The main factors of this price rise are the favorable futures, the maintenance of equipment in some regions, the low inventory, and the favorable influence of the recovery of downstream demand. In the short term, the positive factors will still remain for a period of time, traders are full of bullish mentality. The methanol analysts of the business club predict that the domestic methanol market will fluctuate at a high level in the short term.

Urea and upstream liquid ammonia have been consolidated at a high level recently, with good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply. 9 daily offer: 1660-1700 yuan / ton

The market price of dichloromethane and methane chloride in Shandong Province is temporarily stable. The mainstream quotation of dichloromethane market is 2720-2750 yuan / ton, and the mainstream quotation of chloroform market is about 1850 yuan / ton. At present, the market is mainly adjusted by fluctuation. The trading situation of the industry is acceptable. The spot supply of the market is stable. The upstream liquid chlorine market is high, which supports the price of methane chloride. The downstream market is overall purchased The demand is flat and the market support is general.

Ethylene, current crude oil: driven by the favorable stock market, the implementation rate of OPEC production reduction is commendable, and compensation production reduction is still implemented to lock in the rise of oil price. Driven by cost support, so business agency data analysts expect that ethylene external price will rise next.

 
3、 Future forecast

Liquefied natural gas analysts of the business agency believe that: at present, the overall market mentality is good, the peak season is coming, the market demand is increasing, combined with the cost rise and other positive factors, it is expected that the liquid price will continue to rise in the short term.

According to the business agency data monitoring: on October 16, the overall price of lithium carbonate was stable, and the price of most manufacturers remained stable in the week after the festival. On October 16, the average price of industrial grade lithium carbonate in East China was 39500 yuan / ton, which remained stable compared with the beginning of the week (the average price of industrial grade lithium carbonate in East China on October 12 was 39500 yuan / ton). On October 16, the average price of battery grade lithium carbonate in East China was 44200 yuan / ton, which remained stable compared with the beginning of the week (the average price of battery grade lithium carbonate in East China on October 12 was 44200 yuan / ton). On the 16th, the mainstream quotation of industrial grade lithium carbonate market was around 35000-40000 yuan / ton, and that of battery grade lithium carbonate was around 40000-45000 yuan / ton.

From the observation of market changes, the price of lithium carbonate is temporarily stable after the double holiday. Although the price has a slight upward trend in the near future, the quotation of lithium carbonate manufacturers remains unchanged, which may be to increase the shipment volume before the price rises. It is understood that in the near future, the supply of electricity and carbon has been tightened, and the demand for downstream procurement has increased, which may lead to an increase in future prices. However, the output rebounded in October, which eased the shortage of supply. Therefore, it may be difficult for the price of lithium carbonate to rise sharply.

At present, the demand increase of lithium iron phosphate and lithium manganate in the downstream is about 10%, and the structure of supply and demand has been improved. In terms of lithium hydroxide, the accumulation of stocks in September was serious, and the cost support price was firm. In the aspect of ternary materials and precursors, the recent market transactions are not high, the prices of raw materials are relatively stable, and the prices of precursors and materials are relatively unchanged.

According to the price monitoring of the business agency, on October 15, 2020, there were 17 kinds of commodities in the chemical industry sector with a month on month increase in the price list of bulk commodities. Among them, there were 2 commodities with an increase of more than 5%, accounting for 2.2% of the total number of commodities monitored in the plate. The top three commodities with the increase were ammonium sulfate (6.33%), phenylene (5.26%) and hydrogen peroxide (4.37%). There were 5 kinds of commodities that declined on a month on month basis, with hydrogenated benzene (- 1.53%), maleic anhydride (- 0.76%) and ethylene (- 0.42%).

Lithium carbonate analysts of the business club believe that the current power market demand growth is obvious, the output is gradually rising, and the supply tension is gradually easing. It is expected that the lithium carbonate price may be in a good state in the short term, but in the long run, it is difficult for the price to rise.

According to the data monitored by the business agency, as of October 16, the average price of domestic rubber grade white carbon black was 4800 yuan / ton, and the domestic silica market was running stably, with the quotation range of 4000-5000 yuan / ton.

The domestic rubber grade silica market has a stable trend. At present, the shipment is smooth, the negotiation atmosphere is general, and the demand is not good. The downstream just needs to purchase, and the merchants take the goods carefully, and the shipment is slow. At present, the price of fumed silica is about 22000 yuan / ton. The domestic supply and demand of fumed silica are balanced, and the shipment is slow. The Changtai micro nano factory in Shouguang City, Shandong Province, 5300 yuan / ton, Shandong Lihua new materials Co., Ltd Ltd. 5100 yuan / ton, Boai County Xiangsheng silicon powder Co., Ltd. 4000 yuan / ton.

The quotation of upstream hydrochloric acid market manufacturers is temporarily stable, and the market trend is stable. The quotation is mainly stable. The trading atmosphere is maintained at the previous level. In the short term, the hydrochloric acid market mainly operates stably.

On October 16, the chemical index was 759 points, up 2 points compared with yesterday, 25.30% lower than 1016 points (2012-03-13), and 26.92% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

White carbon black analysts believe that: in the short term, the silica market maintains a stable operation situation, and the price fluctuation range is limited. (the above prices are provided by major silica manufacturers all over the country and sorted out and analyzed by business silica analysts for reference only. Please contact relevant manufacturers for more price details.)

In 2020, the price of magnesium ingot will generally show a downward trend, reaching the historical low in recent years. According to the data of the business agency, the price of magnesium ingot began to stabilize in mid September. This week, the price of magnesium ingot rebounded and rose slightly.

On October 16, 2020, the price quotation of magnesium ingot (99.9%, no pickling, simple packaging) in the main production areas of China increased slightly, and the current mainstream quotation range was 12400-12700 yuan / T, and the actual price was mainly discussed. It is reported that at present, the actual transaction price in the mainstream production area market is between 12350 yuan and 12650 yuan / ton, with the price rising slightly.

The specific price ranges of each region are as follows:

The ex factory spot exchange including tax in fugu district is 12350-12500 yuan / ton; Taiyuan is 12500-12600 yuan / ton; Wenxi district is 12600-12700 yuan / ton; Ningxia is 12450-12500 yuan / ton.

The magnesium ingot is the original magnesium ingot of national standard (GB / t3499-2011); it is not pickled, has no wooden pallet and does not pay the acceptance price, and the actual order negotiation is the main one.

The main reason for the recovery of magnesium price

1. The price falls to a low level

On October 15, the magnesium commodity index was 75.61, flat with yesterday, down 33.92% from the cycle’s highest point of 114.43 (2012-08-01), and 4.03% higher than the lowest point of 72.68 on January 10, 2016. (Note: period refers to 2012-03-01 to now)

 
At present, the price is near the historical low, and the downward space is narrowed.

2. Trading improves and the willingness to stand up rises

It is reported that from January to July 2020, China’s Communist magnesium reached 465400 tons, a year-on-year decrease of 3.66%.

After the festival, the downstream purchase inquiry volume increased significantly compared with the previous period, the actual transaction also improved, the willingness of magnesium enterprises to support the price increased, and the quotation moved up this week.