In April, the domestic titanium tetrachloride market saw steady growth. According to the monitoring system of Shengyishe, as of April 29th, the benchmark price of titanium tetrachloride in Shengyishe was 10825.00 yuan/ton, an increase of 1.41% compared to the beginning of this month (10675.00 yuan/ton).

Raw material side: In April, the market price of titanium concentrate in the Panxi region remained stable, with a moderate to weak trend. According to the monitoring system of Shengyishe, as of April 29th, the benchmark price of Shengyishe titanium concentrate was 2300.00 yuan/ton, a decrease of -0.72% compared to the beginning of this month (2316.67 yuan/ton).

The market price of high titanium slag raw materials has rebounded. Due to the high level of titanium ore and the rise in electricity prices in Liaoning region, the cost of enterprises has been under pressure, and the quotation is firm.

The demand for downstream sponge titanium market has increased, and the market trading atmosphere is good.

Business Society’s titanium tetrachloride analyst believes that the high cost side of titanium tetrachloride is under pressure, and downstream sponge titanium market demand has increased, creating a good trading atmosphere in the market. Recently, market prices have remained stable.

The lithium hexafluorophosphate market declined weakly in April. At present, the mainstream price of lithium hexafluorophosphate is around 71-7200 yuan/ton.

In terms of raw materials:

This month, the price of raw material lithium carbonate has remained stable, with only a slight decrease. According to customs data, the domestic import of lithium carbonate in March was about 19043 tons, a month on month increase of about 64%, reflecting a more significant growth rate in the domestic import supply of lithium carbonate. According to the monitoring system of Shengyishe, as of April 26th, the benchmark price of Shengyishe lithium carbonate was 108400.00 yuan/ton, an increase of 1.31% compared to the beginning of this month (107000.00 yuan/ton).

Downstream aspect:

Downstream electrolyte companies have a wait-and-see attitude, with a cold purchasing atmosphere and only maintaining a rigid demand for purchases. Due to some enterprises having a certain amount of reserves, their demand for raw materials is not active, market transmission is not smooth, and there is no good news. Overall, the downstream mainly focuses on observation.

Post forecast:

According to data analysts from Business Society, the price of raw material lithium carbonate has slightly decreased, but overall, the production cost pressure on lithium hexafluorophosphate enterprises remains significant. Most enterprises mainly consume inventory. Overall, it is expected that the lithium hexafluorophosphate market will operate weakly and steadily.

According to the commodity market analysis system, as of April 25th, the average price of alumina in the market was 3483 yuan/ton, and on April 18th, the average price of alumina in the market was 3473 yuan/ton, an increase of 0.29% compared to last week.

In terms of cost

Due to shortages of bauxite and maintenance of alumina production lines, some enterprises in Shandong have insufficient supply of raw materials, but it does not affect normal shipments for the time being.

In terms of supply and demand

The trading atmosphere in the spot aluminum oxide market is weak, and downstream electrolytic aluminum enterprises maintain on-demand consumption. Most traders are wait-and-see, and they are cautious in purchasing at lower prices. Recently, there has been a slight rainfall in Yunnan region, which has alleviated the disturbance of power supply and further promoted the pace of electrolytic aluminum production resumption.

Future Market Forecast

With the gradual digestion of the bullish sentiment of electrolytic aluminum, market prices have returned to fundamental logic. It is expected that the price of alumina will fluctuate and adjust in the short term. We will pay attention to the resumption of production by enterprises and changes in market supply and demand.

According to the data from the Commodity Market Analysis System of Business Society, starting from late April, the hydrogen peroxide market has rebounded and prices have fluctuated and risen. On April 15th, the average market price of hydrogen peroxide was 906 yuan/ton. On April 24th, the average market price of hydrogen peroxide was 953 yuan/ton, with a price increase of 5.15%.

Terminal demand rebounds, hydrogen peroxide market fluctuates and rises

Starting from mid April, terminal paper and caprolactam experienced a surge in demand, with an increase in the amount of water purchased for hydrogen peroxide. The hydrogen peroxide market improved and prices rose, causing manufacturers to raise their prices one after another, with an overall quotation of around 950 yuan/ton. Among them, the average market price of hydrogen peroxide in Shandong region is about 920 yuan/ton, which is stable compared to the middle of the month. The average market price of hydrogen peroxide in Hebei region is about 960 yuan/ton, which is an increase of 80 yuan/ton compared to the middle of the month. The average market price of hydrogen peroxide in Anhui region is about 980 yuan/ton, which is an increase of 20 yuan/ton compared to the middle of the month.

Chemical analysts from Business Society believe that starting from May, the terminal demand for hydrogen peroxide has gradually improved, and the market is expected to rise in the future.

Zinc prices have risen and fallen sharply this week

According to the Commodity Market Analysis System of Shengyishe, as of April 23rd, the zinc price was 22314 yuan/ton, a decrease of 1.61% compared to the fluctuating zinc price of 22680 yuan/ton on April 15th. This Saturday is a trading day, with zinc prices exceeding 300 yuan/ton for three trading days, and within 100 yuan/ton for the other three trading days. Macroeconomic fluctuations are frequent, and zinc prices have risen and fallen sharply this week.

The expectation of the Federal Reserve lowering interest rates has decreased

The month on month growth in retail sales in the United States in March was stronger than expected, weakening investor expectations for the Federal Reserve’s interest rate cut. US bond yields quickly broke through high levels, and the US dollar index jumped to a five month high. The US dollar index has been consolidating at high levels this week. Federal Reserve officials are hawkish in their statements, and expectations of interest rate cuts have fallen to freezing point.

Risk mitigation in the Middle East region

The Iranian Foreign Minister stated that if the conflict in the Gaza Strip stops, peace will be restored to the entire Middle East region, and everyone, including Iran, will benefit from peace. The risk in the Middle East region has eased, and the risk aversion sentiment has cooled down, while the sentiment of rising non-ferrous metals has fallen.

Future Market Forecast

According to data analysts from Business Society, the risk in the Middle East region has eased, the US dollar index is high, and coupled with the expectation of the Federal Reserve’s interest rate cut falling to freezing point, the cautious sentiment in the zinc market continues to rise, increasing the pressure on zinc prices to fall. Recently, the black sector has rebounded from a low level, and the consumption of galvanized steel has improved. Downstream enterprises have slowly recovered their operating rates, and the consumption of zinc in the market is favorable. In April, domestic zinc mines resumed operation, and the tight supply was improved. The profits of zinc smelters increased, and zinc production increased. Overall, both supply and demand in the zinc market have rebounded, while macro sentiment has fluctuated and zinc prices have fallen. In the future, the macro aspect of the zinc market should focus on the US dollar index and the situation in the Middle East.http://www.lubonchem.com/

According to the Commodity Market Analysis System of Business Society, the domestic spandex market has maintained a slight downward trend since April. As of April 22, the price of 40D spandex was 30000 yuan/ton, a decrease of 1.23% compared to the beginning of the month. At present, some spandex manufacturers have reduced production, but there are also some manufacturers that have increased production to full load operation, and the overall operating rate remains stable. The factory is actively shipping, but downstream demand is maintained, resulting in inventory pressure for some spandex manufacturers.

The cost support effect is still acceptable, and the main material PTMEG market is undergoing narrow consolidation. Under the pressure of factory losses, there is relatively limited room for profit margins, and negotiations are deadlocked. The domestic spandex industry has negotiated and evaluated a price of 15500-16000 yuan/ton for 1800 molecular weight PTMEG dispersion. The pure MDI market fell first and then rose, with spot prices in the East China region ranging from 18800 to 19000 yuan/ton. Spot prices are tight, and traders are mainly hesitant to sell.

At present, the performance of terminal orders is average, and the operating rate of the weaving industry in the Jiangsu and Zhejiang regions is stable at around 73%. Factories are taking appropriate purchases and still have a wait-and-see attitude towards spandex. The overall trading atmosphere in the market is weak, with a stable to weak trading focus. Considering the gradual shift towards the off-season, as well as the May Day holiday, downstream production reduction and holiday expectations, as well as poor new orders, demand expectations will be weak.

Business Society analysts believe that in the future, spandex factories are expected to reduce production, but currently there is still sufficient supply of goods, making it difficult to provide favorable support for the spandex market. In a long-term loss making state, manufacturers adhere to a high intention to offer, and it is expected that the short-term market price of spandex will remain stable.

The price of ethylene glycol began to loosen in April

The price of ethylene glycol was weak in April. According to data from Business Society, as of April 19th, the average price of domestic oil to ethylene glycol was 4490 yuan/ton, a decrease of 0.52% compared to the average price of 4513.33 yuan/ton in the East China market on April 1st. The prices for each region are as follows:

The price range for spot goods executed by mainstream manufacturers in East China is between 4400-4700 yuan/ton; The spot price of ethylene glycol in the South China market is 4400 yuan/ton, while the mainstream manufacturers in Central China have a spot price range of 4350 yuan/ton for external execution; The mainstream manufacturers in North China offer a spot price of 4500 yuan/ton for external transactions.

In April, the inventory of ethylene glycol at the port increased first and then decreased

In April, the inventory of ethylene glycol at the port began to shift from the previous state of destocking to platform fluctuations. The current absolute value of inventory is in the historical middle zone. As of April 18, 2024, the total spot inventory of ethylene glycol in the main port of East China was 812700 tons, an increase of 40300 tons compared to the total spot inventory of ethylene glycol in the main port of East China on April 3, 772400 tons; Compared to the total spot inventory of ethylene glycol in the main port of East China on April 11th, which was 863400 tons, a decrease of 50700 tons.

Fundamental Overview and Market Forecast

Recently, the domestic supply of ethylene glycol has slightly increased, but the absolute value is still relatively low. Currently, most foreign facilities have returned to normal, and the import volume to port has gradually returned to a high level. However, downstream polyester has performed well, and the accumulation of port inventory in the short term is mainly due to the decrease in ethylene glycol stocking days in downstream polyester factories. At present, the price has fallen to a relatively low level, and the downward space is gradually narrowing. It is expected that the price of ethylene glycol will gradually enter a sideways range in the short term.

Price trend

According to the Commodity Market Analysis System of Business Society, the BOPP market prices have remained stable this week. As of April 18th, domestic producers and traders μ The mainstream quoted price for m’s BOPP film is around 9633.33 yuan/ton, which is consistent with last week’s average price and an increase of about 0.26% compared to the average price at the beginning of the month.

quotations analysis

In terms of raw materials: From the above chart, it can be seen that the price of raw material PP has fluctuated and increased this month. The mainstream quoted price of domestic producers and traders T30S (wire drawing) is around 7807.14 yuan/ton, which is the same as last week’s (7807.14 yuan/ton) price, and has increased by 0.55% compared to the beginning of this month (7742.86 yuan/ton). The price of raw material PP runs steadily, and the cost support of raw materials for BOPP is stable.

Supply: The operating load rate of membrane enterprises is stable, the supply side is sufficient, and the inventory pressure of membrane enterprises is still in place.

In terms of demand: Downstream enterprises mainly replenish small quantities, resulting in weak transactions, low purchasing intentions, and weak trading. Market demand provides stable price support

Future Market Forecast

The overall fluctuation and consolidation of upstream raw material prices, with stable support from the cost side for the market, and weak transactions due to the purchasing willingness of downstream demand enterprises to replenish essential goods. It is expected that BOPP prices will experience a narrow range of fluctuations and decline in the near future.

Recently, the epoxy propane market has been stagnant and slightly weakened. According to the Commodity Market Analysis System of Shengyishe, as of April 17th, the average price of epoxy propane in the domestic market was referenced at 9137.50 yuan/ton, a decrease of 0.68% compared to last Wednesday (April 10th).

Price influencing factors:

Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on April 16th was 6906.60, an increase of 0.85% compared to April 1st (6848.60). Recently, the price of propylene raw materials has risen, while the price of liquid chlorine raw materials has first fallen and then increased. The cost of propylene oxide is strongly supported by the market, supporting market sentiment.

Supply and demand side: Last Wednesday, the supply side was mainly stable, with controllable inventory pressure. Downstream observers followed suit with reduced volume, resulting in a market stalemate and a general weekend shipment by enterprises. This week, factory inventory has been slightly under pressure, downstream is waiting and watching, procurement follow-up is insufficient, market atmosphere is weak, and the market is falling. After the decline, downstream follow-up has improved, and the market atmosphere is still good. The price of epoxy propane remains stable and watchful.

Future Market Forecast:

The epoxy propane analyst from Business Society believes that the current cost support is strong, and downstream polyether new orders are generally following suit. The transaction volume is mainly in demand, and it is expected that the epoxy propane market will stabilize or rise slightly in the short term. More attention still needs to be paid to changes in raw material prices.

Consolidation after the price drop of isooctanol

According to the Commodity Market Analysis System of Shengyishe, as of April 16th, the quotation for isooctanol was 9620 yuan/ton, an increase of 1.48% from the fluctuation of isooctanol price of 9480 yuan/ton on April 7th; Compared to April 1st, the price of isooctanol at 10060 yuan/ton fluctuated and decreased by 4.37%. After a sharp drop in April, the price of isooctanol stabilized at a low level, and there was a rebound trend in the price of isooctanol after the Qingming Festival.

The price of propylene, a raw material for isooctanol, has fluctuated and risen, supporting costs and reducing the downward pressure on isooctanol; Downstream customers are becoming more proactive in purchasing, and in the future, iso octanol manufacturers are actively shipping. The positive support for iso octanol is increasing.

Propylene prices fluctuate slightly and rise

According to the propylene commodity market analysis system of Shengyishe, as of April 16th, the propylene quotation was 6906.60 yuan/ton, a fluctuation increase of 0.85% compared to the propylene price of 6848.60 yuan/ton on April 1st. The price of crude oil continues to rise, the cost of propylene increases, and the price of propylene fluctuates slightly; Downstream production of propylene has increased, downstream customers are actively purchasing, and propylene enterprises have a greater willingness to raise prices.

Downstream oscillation and decline in the isooctanol industry chain

According to the commodity market analysis system of Business Society, the isooctanol industry chain experienced a volatile decline in April. As of April 16th, except for a slight increase in propylene, all products in the isooctanol industry chain experienced varying degrees of decline in April. In April, downstream products of isooctanol fluctuated and fell, and the demand for isooctanol was not supported enough. After the Qingming Festival, downstream products showed varying degrees of increase, and the downward pressure on isooctanol weakened. In the future, the support for the rise of isooctanol increased.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices have slightly fluctuated and risen, while the cost support for isooctanol has increased; On the supply side, iso octanol manufacturers have low inventory and smooth shipments; In terms of demand, downstream product prices in the isooctanol industry chain fluctuated and fell in April. Downstream products rebounded after the Qingming Festival, and the support for downstream demand growth increased. In the future, with stable supply and rising demand for octanol, and cost support, the support for octanol’s future rise is increasing. It is expected that octanol prices will fluctuate slightly in the future.