Domestic price trend:

It can be seen from the p-xylene trend chart that the price trend of p-xylene in November was temporarily stable. By the end of the month, the domestic ex factory price of p-xylene was 7300 yuan / ton, which was the same as that at the beginning of the month, with a year-on-year increase of 69.77%. The price trend of domestic PX market was stable in November.

In November, the domestic p-xylene supply was normal, and the domestic PX operating rate was more than 60%. The 600000 ton unit of Sinochem Hongrun petrochemical, Yangzi Petrochemical, Pengzhou petrochemical, Yangzi Petrochemical, Jinling Petrochemical, Qingdao Lidong and Qilu Petrochemical operated stably, The start-up of Urumqi petrochemical plant is about 50%, and the domestic p-xylene supply is general, but the start-up of overseas plants is general, and the price trend of domestic p-xylene is temporarily stable. In November, the trend of international crude oil price fell, and the trend of PX external price fell. As of the 29th, the closing prices in Asia were US $831-833 / T FOB Korea and US $849-851 / T CFR China. Recently, the operating rate of PX units in Asia has been normal. On the whole, the operating rate of p-xylene units in Asia is less than 60%. The supply of PX goods in Asia is general, the closing price of PX has fallen sharply, and the domestic market price of p-xylene has been temporarily stable.

International crude oil prices fell sharply in November, with a decline of 16.30%. The decline in oil prices was mainly due to the following factors: first, since the middle of the year, the outbreak of the European epidemic has triggered investors’ concerns about the demand outlook, and oil prices began to enter the downward channel. Second, in order to deal with domestic inflation, the United States has been committed to suppressing the decline of oil prices. On the 19th, it announced that it would unite with multinational governments to release strategic oil reserves. Affected by supply expectations, oil prices are falling sharply. Finally, on the 26th, a new crown variant strain was found, causing market panic, market concerns about the recovery of future demand, a huge earthquake in the capital market, and oil prices fell sharply with the global stock market. As of November 29, the settlement price of the main contract of WTI crude oil futures in the United States was US $69.95/barrel, and the settlement price of the main contract of Brent crude oil futures was US $73.22/barrel. On the whole, the international crude oil price fell sharply in November, and the price trend of p-xylene was temporarily stable, but there was a downward trend.

In November, the downstream PTA market price fell sharply. As of No. 30, the average PTA market price was 4400-4500 yuan / ton, down 13.21% in November. Honggang petrochemical and Yadong petrochemical units are about to be overhauled, and the start-up of domestic PTA units will decline, but it will remain at the high level of 81.71%. However, the current market supply is still sufficient. Most of the offers from downstream polyester factories are hard demand, and the overall trading atmosphere is light. The downstream polyester plant reduced production, the demand side was expected to decline, and the supply showed a slight accumulation of stocks. The short-term cost support collapsed, superimposed with the expectation of production reduction of many mainstream polyester factories, coupled with the weak operation of the downstream pure polyester yarn market, the wait-and-see atmosphere of consumer terminals was strong, the transaction was cold, the local power restriction policy was basically ended, and the downstream textile manufacturers were mainly just in need of procurement and lack of large single support. In November and December, most yarn factories had to pay production costs, and the capital flow was generally tight. They reduced the procurement of polyester staple fiber and other raw materials one after another. The downstream market was poor, and the market price trend of p-xylene was temporarily stable.

Chen Ling, PX analyst of business society, believes that there is a certain negative impact on the current crude oil cost. In addition, the performance of orders in the terminal market is still weak, customers’ intention to take goods is not high, and the overall market trading atmosphere is light. At the end of this month, some weaving factories plan to continue to shut down and reduce the burden. The pressure on the cost side increases, the mentality of the terminal weaving factory tends to be cautious, and the bad news of the upstream and downstream superimposes. It is expected that the market price trend of p-xylene will decline in the later stage.

According to the data of business agency, as of November 28, the average price of domestic fuel oil 180CST was 5090.00 yuan / ton (including tax), down 1.17% from 5150.00 yuan / ton on November 22.

On November 28, the fuel oil commodity index was 103.09, the same as yesterday, down 17.10% from the highest point 124.35 in the cycle (2021-10-26), and up 123.72% from the lowest point 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The downward price of domestic marine oil raw materials has limited support for fuel oil 180CST. According to the business news agency, as of November 28, the self raised low sulfur quotation of 180 CST fuel oil and 120 CST fuel oil in Zhoushan area was 5300 yuan / ton, and the self raised low sulfur quotation of 5400 yuan / ton; The quotation of 180 CST self extracting low sulfur fuel oil in Shanghai is 5000 yuan / ton, and the quotation of 120 CST self extracting low sulfur fuel oil is 5100 yuan / ton.

This week, international crude oil prices rose first and then declined. U.S. President Biden sought ways to reduce gasoline prices for U.S. consumers, repeatedly mentioned the idea of releasing U.S. strategic oil reserves, and called on China, Japan and South Korea to release crude oil reserves. As soon as the news came out, crude oil prices fell sharply. On the other hand, at present, the organization of Petroleum Exporting Countries and its allies (OPEC +) production increase policy is still relatively conservative, and they still do not show the willingness to expand the scale of production increase under the pressure from the United States. In particular, the market is worried that if the US government continues to suppress oil prices and make oil prices fall sharply, OPEC + may even consider stopping production increase to offset the adverse impact of the decline in oil prices on the recovery of global oil capital expenditure.

Singapore’s fuel oil inventory decreased, which supported fuel oil prices. It is understood that the Singapore enterprise development authority (ESG): as of the week of November 24, the inventory of fuel oil depots in Singapore soared by 1.547 million barrels, reaching an 11 week high of 22.903 million barrels. Singapore’s medium distillate stocks fell 708000 barrels to a three-year low of 8.454 million barrels. Singapore’s light distillate stocks fell by 225000 barrels to a two-week low of 10.985 million barrels.

Future forecast: crude oil has fallen sharply, which is bad for the ship fuel market. The market has a strong bearish attitude, cautious downstream procurement, strong wait-and-see mood, and the transaction is just needed. The market price of fuel oil 180CST low sulfur is about 4900-5200 yuan / ton, and the market price of fuel oil 120cst low sulfur is about 5000-5300 yuan / ton. It is expected that the fuel oil 180CST market may have a downward trend in the near future.

1、 Price trend

According to the data monitored by the business agency (the average ex factory price of carbide SG5), the average price of domestic PVC mainstream was 9340 yuan / ton on November 26, a decrease of 960 yuan / ton compared with 10300 yuan / ton at the beginning of the month, a decrease of 9.32% during the month and an increase of 17.12% compared with the same period last year.

2、 Market analysis

In November, the PVC market first fell broadly, and then maintained a volatile trend. The price rebounded in the latter ten days, but it was difficult to recover the early decline. The overall trend in the month showed a downward trend and the focus shifted downward. This month, the PVC market was significantly affected by the disk drive. The futures price continued to fall, and the spot market quickly followed. In the first week of the month, it fell sharply by 9.32% to the price level in August, and the early increase was basically spit back. Moreover, the raw material calcium carbide fell deeply by about 24% during the week. The PVC cost support was weak, and the price fell below the 9000 yuan mark; In the second week, the disk strengthened and the decline of raw materials stabilized, the PVC market stopped falling and rose by 0.33%, the market transaction atmosphere gradually improved, and the enthusiasm of downstream bargain hunting and replenishment increased. In the third week, the price of raw calcium carbide rose slightly, the PVC low price transaction was good, and the price rose tentatively during the week, but the fluctuation was limited. Near the end of the month, PVC spot continued to rise, but the temperature decreased, the seasonal off-season demand was weak, the downstream purchase was conservative, and continued to rise, lacking the actual driving force.

According to the weekly rise and fall from August 30 to November 21, 2021, it can be seen that the domestic PVC market rose in the early stage of the cycle. Since the downward channel was opened in October, it rebounded slightly in the week of November 8 and 22, but it still rose less and fell more. Under the guidance of bad news, the overall PVC market was dominated by the following actors in November.

In terms of spot, at present, the quotation range of domestic pvc5 electric stone enterprises is mostly around 9000-9500 yuan / ton, and the range of pvc5 electric stone in Hangzhou is 9250-9350 yuan / ton; The mainstream of pvc5 electric stone in Changzhou is 9500-9600 yuan / ton; The mainstream price of PVC ordinary electric stone in Guangzhou is 9600-9800 yuan / ton. In November, the market price in all parts of China decreased as a whole.

In the PVC market price in Asia, CFR China continued to fall by 40 to 1450 US dollars / ton, CFR Southeast Asia fell by 30 to 1520 US dollars / ton, and CFR India fell by 70 to 1640 US dollars / ton.

In November, the external price of ethylene fluctuated and fell. At the beginning of the month, the average price of ethylene was US $1176.25/t, and at the end of the month, the average price of ethylene was US $1135.25/t, down 3.45%. The current price increased by 6.90% month on month, and the current price increased by 33.99% year-on-year. At present, in terms of crude oil: crude oil inventory is expected to rise, and the market continues to decline recently, so the data analysts of business agency expect the external price of ethylene to fall next.

The price of calcium carbide and raw material orchid charcoal fell slightly. At present, shenmulan charcoal is about 1600-1700 yuan / ton, and the cost support of calcium carbide is weakened. The downstream PVC market has stopped falling and maintained stability recently, with a slight upward trend, and downstream customers have increased their enthusiasm for calcium carbide procurement. On the whole, the upstream support of calcium carbide is insufficient, the downstream market rises, and the price of calcium carbide stops falling and rebounds.

3、 Future forecast

PVC analysts of business society believe that the PVC market as a whole fell in November. Although the price of raw calcium carbide has increased slightly and the cost support is OK, the demand in the off-season is weakened. In addition, the operating load of PVC enterprises has increased to a certain extent and the market supply has increased. It is expected that the price will continue to fluctuate without obvious changes in PVC fundamentals in the short term.

1、 Price trend

According to the monitoring data of business society, soda ash prices are weak this week. The average market price of light soda ash at the beginning of the week was 3637.5 yuan / ton, and the average market price on Friday was about 3562.5 yuan / ton, down 2.06% and up 96.1% over the same period last year.

2、 Market analysis

According to the monitoring data of business society, the price of soda ash is weak this week. The mainstream market price of light soda ash in East China is about 3300-3500 yuan / ton. The price of soda ash in North China is relatively strong, and the current market price of light soda ash is about 3500-3700 yuan / ton. On the whole, the short-term soda ash price is weak, mainly running. The manufacturer actively shipped, and the actual transaction was average. Data show that the overall operating rate of soda ash in the week was 75.35%. During the week, the output of soda ash was 536200 tons, a decrease of 26900 tons.

In terms of demand: glass prices fell this week. The average market price at the beginning of the week was 25.58 yuan / m2, and the average market price at the weekend was 24.82 yuan / m2, with the price falling by 2.97%. The market turnover in East China is general, the wait-and-see mood is strong, and the prices of individual manufacturers have been reduced. The glass prices of some enterprises in Central China decreased yesterday to promote shipment, and the market price is relatively stable today. The shipment situation of South China Glass spot market is general, and the prices of some manufacturers have been reduced. Downstream enterprises are more cautious in taking goods and purchase on demand.

According to the price monitoring of the business society, in the price rise and fall list of chlor alkali industry in the 45th week of 2021 (11.8-11.12), there were 3 kinds of commodities rising, 2 kinds falling and 0 kinds rising or falling. The main commodities rising are: calcium carbide (0.74%), hydrochloric acid (0.63%), PVC (0.33%); The main commodities falling were caustic soda (- 11.22%) and light soda (- 0.68%). The average rise and fall this week was – 2.04%.

Business analysts believe that soda ash inventory increases and the market atmosphere is general. Downstream glass is mainly purchased on demand, with strong wait-and-see mood. He is resistant to high priced soda ash. The inventory of the enterprise increases, the downstream procurement is general, and it is comprehensively expected that the soda ash is weak in the later stage.

According to the monitoring of business agency, the price trend of domestic anhydrous hydrofluoric acid was temporarily stable this week. As of the 19th, the market price of hydrofluoric acid was 14010 yuan / ton, which was the same as that at the beginning of the week, up 67.58% year-on-year.

The price trend of domestic hydrofluoric acid was temporarily stable this week. Up to now, the mainstream price negotiated in various regions of domestic hydrofluoric acid is 13800-14300 yuan / ton. The quotation of some manufacturers is higher than the market price. The actual transaction market on the site is mainly stable. Recently, the domestic spot supply of hydrofluoric acid is tight, but the downstream acceptance degree is gradually declining, and the market price trend of hydrofluoric acid is temporarily stable.

Recently, the spot of hydrofluoric acid in the domestic market is still tight, and some hydrofluoric acid units in the field operate stably. In addition, the price trend of fluorite, the upstream raw material of hydrofluoric acid, is temporarily stable. Up to now, the mainstream of hydrofluoric acid negotiation in the south is 14000-14500 yuan / ton, and the price of hydrofluoric acid in the north market is 13800-14300 yuan / ton. Recently, the domestic hydrofluoric acid market price has maintained a high level, but the resistance in the downstream has become increasingly strong, there is a lack of practical benefits in the market, the hydrofluoric acid market price continues to rise, the driving force is insufficient, and the short-term market price trend is mainly stable.

The market price trend of hydrofluoric acid raw material fluorite rose. As of the 19th, the domestic fluorite price was 2844.44 yuan / ton, and the price trend rose by 1.99% this week. Recently, the domestic spot supply of fluorite is tight, and the construction of domestic fluorite devices has declined. However, recently, the environmental protection supervision is strict, the affected devices in some areas have been shut down, and the supply in the yard has decreased. The domestic fluorite price rose this week. Up to now, the mainstream of domestic fluorite negotiation is 2700-2900 yuan / ton. The maintenance of on-site fluorite price is a good support for the hydrofluoric acid market, and the domestic hydrofluoric acid market price remains high affected.

The price trend of domestic downstream refrigerant products has dropped, and the operating rate of the refrigerant industry in the field is still not high. Recently, the sales of the automobile industry are normal, and the refrigerant market has dropped at a high level, but the decline is not large. In terms of demand, the refrigerant industry mainly purchases on demand, and the trend has declined. The overall trend of the refrigerant market has dropped, and the price of chloroform has fallen, which has reduced the cost of the refrigerant industry. At present, the price trend of refrigerant R22 is declining. The start-up of major mainstream refrigerant manufacturers is still not high, and the market supply is normal, but the demand is not improved. The demand in R22 market application field is reduced, and enterprises reduce prices for sales. The price of mainstream manufacturers has a downward trend. Up to now, the market price of R22 is in the range of 25000-26000 yuan / ton. The domestic price of R134a declined slightly, the price of trichloroethylene remained, the cost was under pressure, the phenomenon of closing and stopping the report of R134a increased, the market price remained high, and the trading focus changed little. At present, the market quotation of R134a is in the range of 48000-53000 yuan / ton, the high price transaction is weak, the market sentiment is poor, the enterprise’s eagerness to ship is obvious, the actual transaction is more profitable, the downstream refrigerant market has a downward trend, and the resistance to the high price of raw hydrofluoric acid has increased. Affected by this, the price trend of hydrofluoric acid is temporarily stable.

From the industrial chain chart, the price trend of fluorine chemical industry remains high, the price trend of raw material fluorite rises, coupled with the sharp decline in the price of sulfuric acid raw material, the price of downstream refrigerant products has a downward trend, coupled with the recent stable operation of domestic hydrofluoric acid units, the poor acceptance of high level in the downstream, which is affected by various negative effects, Chen Ling, hydrofluoric acid analyst of business society, believes that the market price of hydrofluoric acid is under pressure, the driving force for continuous rise is insufficient, and the price will remain high and stable in the short term.

1、 Price trend

According to the bulk list data of business society, mixed xylene fell continuously this week, and the price fell broadly. On November 12, the price of mixed xylene was 6220 yuan / ton; On Friday (November 19), the price was 6040 yuan / ton, down 2.89% from last week; Compared with the same period last year, it increased by 67.31%.

2、 Analysis and review

This week, the international oil price fell broadly and the cost support weakened, which dragged down the mixed xylene market mentality. The downstream demand is weak and the market negotiation atmosphere is light. Sinopec lowered its price and the market followed suit. Demand in North China was ok, with a limited decline during the week. The downstream demand in East China and South China is short, and the price follows the main enterprises to reduce.

In terms of the external market, the external market mixed xylene fell this week. On Friday (November 19), the price of mixed xylene imported from South Korea was 780.5 US dollars / ton, down 10 US dollars / ton or 1.27% month on week compared with November 12; The reference price of domestic imported mixed xylene was US $809 / T, down US $8 / T or 0.98% month on month on November 12.

In terms of crude oil, crude oil fluctuated and fell this week, and the price fell broadly. The epidemic situation in Europe worsens again, and the demand for crude oil may be frustrated; The United States may release strategic oil reserves, and the number of active oil rigs in the United States continues to increase this week. The possibility of an increase in crude oil supply also depresses oil prices. Month on month (MOM) on November 12, Brent fell 3.28 USD / barrel, or 3.99%; WTI fell $4.69/barrel, or 5.81%.

Downstream, the trend of PX market was temporarily stable. As of the 19th, the ex factory price of domestic p-xylene was 7300 yuan / ton, which was the same as that at the beginning of the week, with a year-on-year increase of 69.77%. As of November 19, the closing prices in Asia were USD 896-898 / T FOB Korea and USD 914-916 / T CFR China.

In terms of ox market, the ox price in East China this week was stable compared with last week. On Friday (November 19), the ox price in East China was 7200 yuan / ton, up 53.19% compared with the same period last year.

In terms of gasoline, gasoline in Shandong fell first and then rose this week. On November 19, the price was 8071 yuan / ton, up 3.33% from last week and 54.69% from the same period last year.

3、 Future forecast

In terms of crude oil, the recent high gasoline price in the United States may still release strategic reserves. OPEC + still maintained the original production increase plan to support oil prices. Continue to pay attention to the impact of the global epidemic, OPEC + decisions on crude oil production, the inventory dynamics of crude oil and refined oil in the United States, and the global economic situation on crude oil prices.

The recent trend of crude oil fluctuated and fell, and the market guidelines for mixed xylene were short. Related bulk commodities are generally weak, and the downstream continues to be weak. However, the arrival cargo increases and the supply increases. The trend of mixed xylene in the short term is under pressure, and it is still possible to fall. Pay attention to mixed xylene port and plant dynamics, downstream market and plant dynamics, as well as the impact of crude oil, external market and other trends on mixed xylene prices.

The lead market (11.12-11.19) continued to decline this week. The average price of the domestic market was 15500 yuan / ton last weekend and 14818.75 yuan / ton this weekend, down 4.4% this week.

The commodity price K-bar chart uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy, sell and invest according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall. As shown in the figure above, the lead price has continuously maintained weak operation in recent one month.

The high level of Lun lead fell this week, and the mainstream range is between 2123-2218 US dollars / ton. At the beginning of the week, the trend of Lun lead was boosted by the low LME inventory. Later, with the continuous rise of the US dollar, the metal market was generally under pressure, and the price of Lun lead was dragged down. Shanghai lead fell continuously during the week, and the trend continued to be weak this week under the influence of the market.

The trend of domestic spot lead price mainly follows the trend of Shanghai lead, and it also continued to decline this week. The original lead manufacturers gradually resume production, but some manufacturers are still under maintenance. The recovery of primary lead enterprises is good, and the overall supply side is good. At present, the downstream is purchasing on demand, and the social inventory is still high. The impact of power rationing policy has been ignored. The demand of storage enterprises has recovered well recently, and the supply and demand has improved. However, the high overall inventory is still the main factor restricting the rise of lead price. In the past month, under the restriction of demand recovery but high inventory, the lead price has continued to fluctuate weakly.

According to the price monitoring of the business community, in the list of the rise and fall of bulk commodity prices in the 46th week of 2021 (11.15-11.19), there are 7 kinds of commodities rising month on month in the non-ferrous sector, including 2 kinds of commodities rising by more than 5%, accounting for 9.1% of the monitored commodities in the sector; The top three commodities were magnesium (11.27%), metallic silicon (5.84%) and tin (1.86%). A total of 11 commodities fell month on month, and the top three products were aluminum (- 3.28%), lead (- 3.22%) and dysprosium ferroalloy (- 2.36%). The average rise and fall this week was 0.13%, and the metal market fell more or less this week.

On the whole, the sharp drop in lead price this week was mainly affected by the sharp rise in LME inventory, and there was little change in the supply and demand side of the domestic market. With the lower price, the downstream procurement was driven, and the market wait-and-see mood was strong. Under the situation of maintaining the stability of fundamentals, it is expected that the future price shock trend will be the main trend, and the downward space is limited.

1、 Trend analysis

As shown in the figure above, the copper price fell first and then rose this week. As of the end of this week, the spot copper price was 72466.67 yuan / ton, up 1.3% from 71535 yuan / ton at the beginning of the week, up 25.04% from the beginning of the week and 36.96% year-on-year.

Copper weekly rise and fall chart

According to the weekly rise and fall chart of business society, in the past three months, it has increased by 5 and decreased by 7. Recently, it has fallen more or less.

Macro aspect: this week, the Federal Reserve reduced the taper, and the dollar formed an obvious upward trend to suppress metal prices. Over the weekend, US CPI data were good and oil prices rebounded, and metal prices rebounded sharply.

Supply and demand: although domestic power rationing is weakened, it still continues to affect the release of electrolytic copper. In addition, it is difficult for Northern goods to go south due to road transportation resistance, and the superimposed LME inventory is removed again. After the weakening of power rationing, the operating rate rebounded slightly, but the poor production and sales of real estate affected the overall demand.

LME copper inventories continued to fall this week

Annual comparison chart of copper

According to the annual comparison chart of business society, the price of copper this year is higher than that in the past two years, and the price of copper in the first two years rose slightly after mid November.

To sum up: the copper concentrate processing fee is subject to pressure fluctuation, but due to the considerable profit of sulfuric acid, the refined copper output of the smelter increases slowly. Domestic warehouse receipt inventory decreased, LME copper Warehouse Receipt Inventory fell, and the proportion of cancelled warehouse receipts decreased. The fall of the US dollar and the fall of spot inventory supported the price, but the poor production and sales of real estate affected the overall demand. Copper prices are expected to remain broadly volatile in the short term.

In the middle of the month, the domestic dimethyl ether market trend was weak, and the focus continued to decline. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 4475.00 yuan / ton on November 11 and 4137.50 yuan / ton on November 17, with a decline of 7.54% and 9.96% compared with November 1.

As of November 17, the domestic market prices of dimethyl ether in various regions are as follows:

region Mainstream quotation

Shandong region 4350 yuan / ton

Hebei region 4430 yuan / ton

Henan region 4050-4090 yuan / ton

In mid November, the overall market of dimethyl ether was weak, and the price still fell. The decline in Henan is obvious, followed by the decline in Hebei and Shandong, and the market is difficult to find. In terms of cost, the recent situation of methanol market remains weak, the price falls, the coal price of methanol upstream products falls sharply, the support for methanol cost is weak, there are many methanol restart units, and the inventory in the mainland and ports increases. The decline in raw materials has brought obvious bad news to the market. For the civil market of liquefied gas related products, the civil gas market has stopped falling and rising recently, but the overall fluctuation range is limited, and the support to the dimethyl ether Market is not obvious. The terminal demand is poor, the downstream maintains replenishment on demand, the enthusiasm for entering the market is general, the overall transaction atmosphere in the market is weak, the manufacturers have great pressure on shipment, the prices have been reduced one after another, and the profit making shipment is the main.

Recently, the methanol market continued to decline, mainly due to the weak macro level, the decline of international oil price, more methanol restart devices and the increase of inventory in the mainland and ports. Poor macro sentiment dragged the market down further. Under the background of general shipments, the main production areas in the mainland made a second adjustment with the breaking of futures, but it was still difficult to make large-scale transactions except for the just needed supplement; The downstream inventory in the mainland’s main sales area has fallen to the low point of the year, and the freight has also increased due to the weather, but it is slightly insufficient to support the market price. The falling cost has brought obvious bad news to the dimethyl ether Market.

At present, the raw material methanol market continues to weaken, the cost support is insufficient, the overall fluctuation range of the liquefied gas market of related products is limited, and the support brought to the dimethyl ether Market is not obvious. The downstream market is cautious, the overall transaction atmosphere of the market is poor, the manufacturers’ shipping pressure increases, and they mainly give more profits. At present, the dimethyl ether market lacks obvious advantages, and the weakness is difficult to change, It is expected that the dimethyl ether market may still decline in the short term.

According to the bulk list data of business society, as of November 14, the average price of domestic industrial lithium hydroxide enterprises was 173000 yuan / ton, which was the same as that on November 8, increased by 4.01% compared with that on October 14, and increased by 56.80% year-on-year in a three-month cycle.

The market of industrial lithium hydroxide was temporarily stable this week. Recently, the price of raw material spodumene has been strong, the price of lithium carbonate is relatively strong, the cost support is strong, the demand side has improved, the market is relatively stable, and the negotiation focus is stable.

Upstream lithium carbonate, according to the data monitoring of business society: the price of lithium carbonate is strong this week. On November 14, the average price of industrial grade lithium carbonate in East China was 186800 yuan / ton, an increase of 1.08% compared with Monday’s price. On November 14, the average price of battery grade lithium carbonate in East China was 195000 yuan / ton, up 1.04% from Monday.

Lithium hydroxide analysts of business society believe that at present, the cost support is still strong and the supply and demand support is OK. It is expected that in the short term, the domestic industrial lithium hydroxide market may operate at a high level, and the specific trend needs to pay more attention to the changes in demand.