1、 Price trend

The year 2021 was successfully completed. Looking at the development of titanium dioxide Market in this year, from the perspective of price, according to the monitoring of bulk commodity data, the price of titanium dioxide rose in 2021. The average price of domestic titanium dioxide at the beginning of the year was 16666.67 yuan / ton, and the average price at the end of the year was 20733.33 yuan / ton. The price increased by 24.4% during the year.

2、 Market analysis

Product market

In terms of market development in 2021, the first half of the year is basically in the stage of rapid rise, and the second half of the year is in the stage of slow decline. Near the end of the year, Longqi sent a letter for the tenth time. In January 2022, the price of titanium dioxide increased. At this time, the price of titanium dioxide began to pick up.

In the first quarter, the export situation of titanium dioxide enterprises was good. Dragon enterprises announced three increases, with a cumulative increase of 16% from January to March. The domestic rutile titanium dioxide factory quotation including tax is mostly 18800-20500 yuan / ton, and the anatase titanium dioxide factory quotation including tax is between 15500-18000 yuan / ton. The main domestic supply side manufacturers are in short supply. The price of raw titanium ore is high, the cost support is strong, the market confidence of titanium dioxide is good, and the price rises.

In the second quarter, Longqi once again announced its rise for three times, with a cumulative increase of 10.03% from April to June. Domestic rutile titanium dioxide factory quotation including tax is mostly 21000-21600 yuan / ton; The factory quotation of anatase titanium dioxide including tax is mostly between 18300-20000 yuan / ton; The factory quotation of chlorinated titanium dioxide with tax is mostly 22500-24000 yuan / ton. The spot price of titanium ore market continued to rise, the price of sulfuric acid also continued to rise, and the cost support performance was strong. At the same time, export orders performed well. Under the superposition of positive factors, the titanium dioxide market continued to rise.

In the third quarter, Longqi sent letters twice to announce the rise, but due to the rapid rise in the early stage. Domestic demand has entered the off-season, and downstream procurement is beginning to weaken. The price increase letter has played a role in stabilizing the price to a certain extent. The actual transaction price is in a slow decline stage. 7-9, with a cumulative decrease of 2.86%. Domestic rutile titanium dioxide factory quotation including tax is mostly 19500-21600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17600-19500 yuan / ton. At present, titanium dioxide enterprises are limited by the sound of films, more parking, low market operation, and many enterprises have sent letters to raise prices. The trading market has a strong wait-and-see mentality. Traders are more cautious in taking goods and mainly purchase on demand.

In the fourth quarter, Longqi sent a letter in October to announce the rise, so as to promote stability. In October, the domestic titanium dioxide market price was basically stable. From the end of November to the beginning of December, the titanium dioxide market turned weak, coupled with the gradual cooling in the northern region, the demand contracted. The market price of titanium dioxide decreased slightly. On December 13, Longqi sent a letter for the tenth time announcing that the price of titanium dioxide would rise in January 2022, when the price of titanium dioxide began to pick up. From October to December, the decline was 1.03%. Up to now, the domestic rutile titanium dioxide factory quotation including tax is mostly 19500-21500 yuan / ton; The factory quotation of anatase titanium dioxide including tax is mostly between 17600-19500 yuan / ton. Downstream demand is light, traders are more cautious and wait-and-see, and the titanium dioxide market mainly operates stably.

Import and export data

According to customs statistics, the import volume of titanium dioxide from January to November 2021 was 176200 tons, a year-on-year increase of 24400 tons, an increase of 16.08%. It is estimated that the annual import volume will be 190000 tons and the monthly average import volume will be 15800 tons.

According to customs statistics, the total export volume of titanium dioxide from January to November 2021 was 1178000 tons, with a year-on-year increase of 73900 tons, an increase of 6.70%. It is expected that the annual export volume will be 1.28 million tons and the average monthly export volume will be 107000 tons.

Production capacity

According to public data, China’s titanium dioxide production capacity will be about 4.37 million tons in 2021, an increase of 9% over last year. Due to the continuous strong market demand, the production capacity of titanium dioxide is growing steadily. From January to November 2021, the output of titanium dioxide in China was 3.4791 million tons, a year-on-year increase of 312900 tons, an increase of 9.88%. The annual output is expected to be about 3.79 million tons.

3、 Future forecast

Titanium dioxide analysts of business society chemical branch believe that at present, the domestic titanium dioxide market price is mainly stable. Titanium dioxide enterprises have successively sent letters that the price of titanium dioxide will rise next month, which has played a certain role in boosting the market. In addition, the current titanium ore price has increased slightly, so the cost support of titanium dioxide enterprises is strong. It is expected that the titanium dioxide market will run steadily and well in the short term.

According to the bulk list data of business society, the average price of 85% domestic industrial formic acid enterprises was 2650 yuan / ton on January 1, 2021. As of December 29, the average price of domestic formic acid enterprises was 4300 yuan / ton, which increased by 62.26% during the year. The lowest price in the year was 2433.33 yuan / ton on April 27, and the highest price in the year was 8050 yuan / ton on October 14, with a maximum amplitude of 230.82%.

According to the monthly rise and fall chart of formic acid from January 2021 to November 2021, it can be seen that the monthly price of formic acid increased more or decreased less in 2021, and the overall trend increased. The market fell in February, April and November, and rose in other months. The largest increase was in September (78.15%) and the largest decrease was in November (46.28%).

In the first quarter (January March), the price of formic acid increased slightly, with an increase of 8.18%. In January, the market quotation of formic acid remained high and stable, and the downstream pesticide, rubber, leather and pharmaceutical industries collected goods according to the market demand, dominated by rigid demand. In February, raw material prices rose and fell, the downstream market entry enthusiasm was general, the market transaction atmosphere was flat, and the market fell. In March, the formic acid market fluctuated and rose. Affected by the device failure of a manufacturer, the market supply was tight and the market price rose.

In the second quarter (April June), the price of formic acid first fell and then rose, and then operated steadily, with an overall decline of 7.26%. In April, 85% of the domestic formic acid market fell weakly, the prices of manufacturers and dealers decreased in varying degrees, the raw material prices were weak in the middle of the year, the inventory was high in the late day, and the market price continued to decline. After the May Day holiday, there is replenishment demand in the downstream, the market trading atmosphere is good, and the offer of cargo holders rises. With the rise of raw material prices, the rise of costs superimposes export demand, and the overall offer and transaction focus of formic acid market move upward. In June, the formic acid market was high and stable.

In the third quarter (July September), the price of formic acid soared by 189.76%. In July, the overall trend of domestic industrial grade 85% formic acid market rose, with a monthly increase of 9.64%. In August, the inventory of formic acid market was low, and the domestic main downstream just needed to follow up steadily. In addition, with export support, the market atmosphere was positive, the mentality was strong, and the price rose sharply, with a monthly increase of 48.35%. In September, the raw material side operated strongly, the supply of goods in the market was tight, and the export support was still stable. The domestic main downstream continued to focus on just demand. In addition, the holiday was approaching, the downstream prepared goods orderly, the enterprise shipped smoothly, and the focus of market trading continued to rise, with a monthly increase of 78.15%.

In the fourth quarter (October December), the price of formic acid fell. As of December 29, the decline in this stage was 46.36%. In October, the formic acid market was high and stable. In November, the market price of domestic industrial grade 85% formic acid fell sharply, mainly the price of raw materials, the cost support continued to loosen, the market confidence weakened, and the price of formic acid fell sharply. In December, the price of formic acid stopped falling and rose again, with limited cost support, dissatisfaction with the operating load of enterprises and shortage of market supply. The sharp decline in the price of formic acid in the early stage stimulated the purchase enthusiasm of the downstream, the market trading atmosphere warmed up and the price rose.

Future forecast:

To sum up, the price of domestic industrial grade 85% formic acid will rise sharply in 2021. At present, the raw material methanol market is mainly in the doldrums, the caustic soda market is relatively strong, the liquid ammonia market is temporarily stable, the sulfuric acid price rises slightly, the cost side support is general, and there is still some support on the supply and demand side. It is expected that the formic acid market may be stable, medium and strong in the short term, so more attention should be paid to the guidance of market news.

It can be seen from the above figure that the domestic sulfuric acid market price first fell and then rose this month. The quotation increased from 628.33 yuan / ton at the beginning of the month to 645.00 yuan / ton at the end of the month, an increase of 16.67 yuan / ton, or 2.65%, and a year-on-year increase of 49.13% compared with the same period last year. Overall, the sulfuric acid market rose this month. On December 27, the commodity index of sulfuric acid was 100.39, up 0.52 points from yesterday, down 27.66% from the highest point of 138.78 points in the cycle (2021-10-21), and up 218.50% from the lowest point of 31.52 points on June 6, 2019. (Note: cycle refers to the period since September 1, 2011)

The upstream support is enhanced and the downstream demand is general

Domestic sulfuric acid Market in December

manufactor December 1st December 18th December 28th

Heze river source 830 yuan / ton 890 yuan / ton 900 yuan / ton

Zou Ping Tianlu 380 yuan / ton 520 yuan / ton 590 yuan / ton

Liaocheng Huatong 460 yuan / ton 460 yuan / ton 480 yuan / ton

Changzhou Qinghong 750 yuan / ton 700 yuan / ton 650 yuan / ton

Changzhou Changjiang River 650 yuan / ton 600 yuan / ton 600 yuan / ton

Xiangcheng San’an 700 yuan / ton 650 yuan / ton 650 yuan / ton

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers increased slightly this month, the manufacturer’s inventory is small, and the downstream demand is general. The quotation of Heze Jiangyuan sulfuric acid was 900 yuan / ton at the end of the month, which increased by 70 yuan / ton compared with the beginning of the month; Zouping Tianlu offered 590 yuan / ton at the end of this month, an increase of 210 yuan / ton compared with the beginning of this month; The quotation of Liaocheng Huatong sulfuric acid at the end of the month was 480 yuan / ton, which increased by 20 yuan / ton compared with the beginning of the month; Changzhou Qinghong offered 650 yuan / ton at the end of the month, down 100 yuan / ton compared with the beginning of the month; The quotation of Changzhou Changjiang River at the end of the month is 600 yuan / ton, which is 50 yuan / ton lower than that at the beginning of the month; The quotation of Xiangcheng San’an sulfuric acid at the end of the month was 650 yuan / ton, which decreased by 50 yuan / ton compared with the beginning of the month.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market has increased slightly recently. The quotation has increased from 2000.00 yuan / ton at the beginning of the month to 2026.67 yuan / ton at the end of the month, an increase of 26.67 yuan / ton, or 1.33%, a year-on-year increase of 100.00% compared with the same period last year. The cost support is enhanced, which has a positive impact on sulfuric acid. The downstream formic acid market first fell and then rose. The quotation first fell from 4300.00 yuan / ton at the beginning of the month to 4133.33 yuan / ton on December 3, down 3.88%, and then rose to 4300.00 yuan / ton at the end of the month, up 4.03%, up 70.86% year-on-year compared with the same period last year. The downstream bromine market fell sharply. The quotation fell from 67125.00 yuan / ton at the beginning of the month to 53142.86 yuan / ton at the end of the month, down 13982.14 yuan / ton, down 20.83%, up 59.43% year-on-year compared with the same period last year. The downstream markets have ups and downs, and the downstream has poor enthusiasm for purchasing sulfuric acid. On the whole, the upstream and downstream products had a negative impact on the price of sulfuric acid this month.

The market outlook fell slightly

The domestic sulfuric acid Market in the middle and early ten days of January may fluctuate and fall slightly. The upstream sulfur price has increased slightly recently and the cost support has been strengthened, but the downstream bromine market has fallen sharply, the downstream formic acid market has been consolidated at a low level, the downstream has poor enthusiasm for purchasing sulfuric acid, and the product trend is downward under the contradiction between supply and demand. Business society sulfuric acid analysts believe that under the influence of supply and demand and raw materials in the short-term sulfuric acid market, the sulfuric acid market may fluctuate and decline slightly.

last week (12.20-24) the market of liquid ammonia has stopped rising and stabilized. Partially affected by the rising ammonia volume, the price has mainly declined, while the price of Shandong and Hebei has stabilized. The southwest, northwest and other places have a decline of about 100 yuan. However, the market is still at the level of weak supply and demand. According to the monitoring of business society, as of December 24, the weekly increase of liquid ammonia in Shandong is 0. At present, the mainstream price of liquid ammonia in Shandong is 4100-4 300 yuan / ton.

On the supply side, last week, the operating rate of liquid ammonia remained stable, the ammonia volume in the main production areas of Shandong, Hebei and two lakes changed little, and the local supply increased. The decline of urea price led to the increase of liquid ammonia shipment, the ammonia volume of southwest gas head enterprises and Northwest China increased, and the price decreased slightly.

At present, the price of liquid ammonia is still suppressed by the cost side. Affected by regulation, coal prices continued to decline. According to the monitoring data of business society, thermal coal fell sharply last week, with a range of 10.77%.

In terms of methanol, the methanol market fell significantly last week. The shipments of mainland enterprises were general, the inventory increased, traders waited and saw, the downstream demand entered the off-season, the coal price fell, and the methanol cost weakened. The average price of domestic methanol production enterprises fell from 2632 yuan / ton to 2450 yuan / ton, and the weekly price fell by 6.76%. The sharp decline of methanol price brought bad news to the cost of liquid ammonia.

On the demand side, in terms of urea and compound fertilizer, the price of urea stops rising and turns to falling. Last week, the market atmosphere was cold, and the urea price decreased slightly, down 1.02%, mainly due to the weakening of cost support, the downstream demand entered the bottleneck period, and the urea supply increased. Although the agricultural demand is advancing, the industrial demand is mainly on the sidelines. Urea and compound fertilizer markets are weak.

From the above figure, the price comparison chart of urea and liquid ammonia shows that the trend of liquid ammonia and urea is basically the same, and the price difference has basically remained reasonable since December.

From the above figure and the liquid ammonia industry chain diagram, the liquid ammonia industry chain is still weak, and the prices of many downstream products have decreased significantly, especially the upstream liquefied natural gas and downstream melamine.

Future forecast: the business community believes that in the short term, the supply and demand of liquid ammonia is basically balanced, the market is supported by local benefits, the price will show regional differentiation, and the price in the main production area is expected to be stable in the later stage.

Recent domestic isobutyraldehyde price trend

It can be seen from the above figure that after a sharp decline in November, the domestic isobutyraldehyde market price stopped falling and rebounded this month. The quotation first fell from 8333.33 yuan / ton on December 1 to 7000.00 yuan / ton on December 10, down 1333.33 yuan / ton, down 16.00%, and then rose to 9100.00 yuan / ton on December 24, up 2100 yuan / ton, up 30.00%. Overall, the isobutyraldehyde market stopped falling and rebounded this month.

Domestic isobutyraldehyde market in December

From the manufacturer’s quotation, the prices of mainstream domestic isobutyraldehyde manufacturers fell first and then rose this month, the manufacturer’s inventory is general, and the downstream demand is poor. The quotation of lihuayi isobutyraldehyde at the end of the month was 8800 yuan / ton, an increase of 400 yuan / ton compared with the beginning of the month; Shandong Zhenkun isobutyraldehyde offered 9300 yuan / ton at the end of the month, an increase of 1100 yuan / ton compared with the beginning of the month; Liaocheng yuanze isobutyraldehyde offered 9200 yuan / ton at the end of the month, an increase of 800 yuan / ton compared with the beginning of the month.

Insufficient upstream support and weakening downstream demand

From the perspective of upstream and downstream industrial chains, the upstream propylene market suffered twists and turns this month. On the whole, it fell slightly. There was an upward trend at the end of the month. The quotation fell from 7545.50 yuan / ton on December 1 to 7427.33 yuan / ton on December 24, down 1.57%, down 6.58% year-on-year compared with the same period last year. The cost support was insufficient, which had a negative impact on isobutyraldehyde. The market price of downstream neopentyl glycol decreased slightly, and the quotation decreased from about 16000 yuan / ton at the beginning of the month to 13500 yuan / ton at the end of the month, down 2500 yuan / ton, with an upward trend at the end of the month. The downstream market fell slightly, and the downstream purchasing enthusiasm for isobutyraldehyde weakened. On the whole, the upstream and downstream products had a negative impact on the price of isobutyraldehyde this month.

Market outlook rose slightly

The domestic isobutyraldehyde market may rise slightly in the middle and first ten days of January. Recently, the price of upstream propylene has decreased slightly, the cost support has been strengthened, the downstream neopentyl glycol market has increased slightly, the downstream enthusiasm for isobutyraldehyde procurement has been strengthened, and the product trend is upward under the contradiction between supply and demand. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short term, the domestic isobutyraldehyde market may rise slightly.

This week, the domestic propane market was obviously bearish, and the focus continued to move down. According to the data monitoring of business agency, the average price of propane in Shandong market was 5455.75 yuan / ton on December 12 and 5345.75 yuan / ton on December 20. The decline rate during the week was 2.02%, down 7.41% compared with December 1.

As of December 20, the mainstream prices of propane in different regions in China are as follows:

region December 20th

East China 5400-5480 yuan / ton

North China 5350-5500 yuan / ton

Shandong region 5250-5420 yuan / ton

Northeast China 5300-5500 yuan / ton

This week, Shandong propane market is still dominated by the following behaviors as a whole. The trend of the South and North markets is weak, and the reduction range of Shandong propane market is 50-250 yuan / ton within the week. There are many negative factors in the market. The supply of Shandong market is relatively sufficient, but the overall demand is limited. The downstream mentality is cautious and makes up more on demand. The market trading atmosphere is general. In addition, the volatility of international crude oil trend has brought Limited benefits to the market, the refinery mentality is general, and the price is reduced.

Saudi Aramco announced in December 2021 that both propylene and butane fell. Propane was 790 USD / T, down 80 USD / T from the previous month; Butane was 770 USD / T, down 60 USD / T from the previous month.

At present, the international crude oil is mainly downward, and the news is bad. In terms of demand, the supply of propane Market in Shandong is relatively sufficient, the improvement of terminal demand is limited, the downstream market entry enthusiasm is general, the mentality is cautious, and the overall trading atmosphere of the market is weak. It is expected that the situation of supply exceeding demand in the propane market is difficult to change in the short term, or oscillates in a narrow range, dominated by weakness.

According to the monitoring data of business society, since December, the hydrogen peroxide market has opened a downward channel, and the price has continued to fall. On December 21, the price of hydrogen peroxide fell to 833 yuan / ton, down 13.19% from the beginning of December.

According to the weekly rise and fall chart of hydrogen peroxide of business society from September 27, 2021 to December 19, 2021, it can be seen that since September, the hydrogen peroxide market has warmed up and opened the road of rise, with an increase of 3.94% in the current month. After 11, hydrogen peroxide ushered in a sharp rise, rising continuously until October 19. Long and short game, the hydrogen peroxide market rose sharply and fell sharply after that. Throughout October, hydrogen peroxide rose 39.01%. At the beginning of November, hydrogen peroxide still maintained a downward trend, and the price fell for three consecutive weeks. In the whole November, hydrogen peroxide fell 13.55%. In December, hydrogen peroxide has been falling, falling endlessly. As of December 21, the overall decline was 13.19%.

Terminal demand is sluggish, and hydrogen peroxide continues to decline

Since December, the terminal demand was poor, and the hydrogen peroxide market continued to decline weakly, with an overall decline of more than 13% on the 21st. The price of terminal corrugated paper shows a slight downward trend. With the cancellation of the original price increase plan by Nine Dragons Paper, the price of corrugated paper and box board in some of its bases has been reduced by 100-200 / ton recently, so the paper market has declined one after another. In addition, there are few orders from downstream paper mills, the enthusiasm for corrugated paper procurement is not high, and the inventory of paper enterprises in the market is sufficient, and the overall market supply exceeds demand. The demand for hydrogen peroxide purchased by the paper industry is low, the supply of hydrogen peroxide is loose, the manufacturers have insufficient confidence in supporting the price, the price continues to decline, and the average market price falls to the first line of 830 yuan / ton.

On December 21, the price of hydrogen peroxide in some regions was as follows:

The quotation of hydrogen peroxide of Luxi Chemical is 720 yuan / ton, which is 160 yuan / ton lower than that in early December; Hebei Zhengyuan hydrogen peroxide quoted 830 yuan / ton, down 120 yuan / ton from the beginning of December; The quotation of hydrogen peroxide of Anhui Quansheng chemical is 950 yuan / ton, which is 100 yuan / ton lower than that in early December.

Business agency hydrogen peroxide analyst Li Bing believes that: the terminal demand is flat, it is difficult to make a significant change in the short term, and the future rise of hydrogen peroxide is still under pressure.

According to the data monitored by the business community, as of December 21, the comprehensive price of PC market was 21650.00 yuan / ton, and the PC price was mainly weak. Compared with the same period last week, the price decreased by 0.46% and 13.23% compared with the same period last month. The overall market negotiation atmosphere was cold, the downstream just needed to purchase, the demand was flat, the PC market was weak in the short term, and the range of price fluctuation was limited.

The overall domestic PC market is dominated by weak operation, narrow price range, strong wait-and-see atmosphere, lack of demand follow-up, general positive support, tight domestic supply side, mainstream price is about 21650 yuan / ton, factory quotation decreases slightly, lack of downstream demand, smooth logistics, normal installation operation rate and slow manufacturer shipment.

Upstream bisphenol A is mainly operated in a narrow range. The mainstream negotiation in East China market is around 16100 yuan / ton. There is a strong wait-and-see atmosphere in the downstream. Manufacturers operate cautiously, and the demand side is not followed up enough. The overall market shipment is slow, stable and weak in the short term.

Bisphenol a commodity index: on December 20, the bisphenol a commodity index was 153.74, unchanged from yesterday, down 45.71% from the highest point of 283.19 in the cycle (2021-04-16), and up 113.26% from the lowest point of 72.09 on April 6, 2020. (Note: the period refers to the period from March 1, 2020 to now)

Business community PC analysts believe that: in the short term, the PC market is weak and volatile, and the operation is weak in a narrow range. (to get more information about goods and to grasp the price of goods, welcome to subscribe to the business community through the official account of the business community).

This week, the domestic EVA market did not stop falling and continued the downward trend. According to the data monitoring of the business agency, the average ex factory price of domestic EVA was 20166.67 yuan / ton on December 12 and 18433.33 yuan / ton on December 20. The decline rate during the week was 8.60%, 10.08% lower than that on December 1.

As of December 20, the ex factory quotation of EVA is as follows:

product manufactor model Ex factory price

EVA yanshan petrochemical 18J3 19500 yuan / ton

EVA Beijing Organic Y2022 18000 yuan / ton

EVA BASF Yangzi V5110J 17800 yuan / ton

This week, the domestic EVA market continued to be weak and downward, and the market lacked positive boost. During the week, the ex factory price of petrochemical enterprises was significantly reduced and the cost support was weak. This week, the international crude oil price fluctuated and fell, which brought Limited benefits to the market. The downstream just needed to enter the market, with a cautious attitude. The overall transaction atmosphere of the market was weak, the mentality of merchants was poor, the offer was chaotic, and most of them followed the reduction and shipment.

In the upstream ethylene market, the external ethylene market has fluctuated and risen recently, but the benefits to the EVA market are limited. The ethylene market price in Asia was stable. As of the 15th, CFR Northeast Asia closed at USD 1056-1066 / ton and CFR Southeast Asia closed at USD 1041-1051 / ton. The price of ethylene market in Europe fluctuated and rose. As of the 15th, FD northwest Europe closed at US $1398-1407 / T and CIF northwest Europe closed at US $1312-1321 / T. The price of ethylene in the United States fell. As of the 15th, the price was 636-654 yuan / ton. Recently, the external ethylene market continued to rise as a whole, mainly due to the good demand for ethylene in Europe, which led to the rise of the overall ethylene market.

At present, there is little change in the market supply convenience. In terms of demand, the downstream performance is poor, the terminal demand is weak, and the market mentality is difficult to be optimistic. The downstream maintains replenishment on demand, and the merchant mentality is poor. It is expected that the EVA market may continue to decline in the short term.

The price of zinc fluctuated and rose

According to the data monitoring of business society, the price of zinc fluctuated and rose this week, and the zinc market fluctuated and rose. As of December 17, the price of zinc was 24166 yuan / ton, up 2.23% from 23638 yuan / ton on December 10 last weekend; Compared with the zinc price of 23078 yuan / ton on December 1 at the beginning of the month, an increase of 4.71%. The zinc market rose this week, and the zinc price fluctuated and rose.

LME inventories rose sharply this week

Zinc inventory statistics of LME Market

time stock Increase or decrease Change proportion

December 9th one hundred and fifty thousand and four hundred – two hundred and seventy-five – 0.18%

December 10th one hundred and sixty-four thousand four hundred and twenty-five fourteen thousand and twenty-five 9.33%

December 13th one hundred and ninety thousand and nine hundred twenty-six thousand four hundred and seventy-five 16.10%

December 14th two hundred and nine thousand one hundred and seventy-five eighteen thousand two hundred and seventy-five 9.57%

December 15th two hundred and seven thousand five hundred and seventy-five – one thousand and six hundred – 0.76%

December 16th two hundred and six thousand eight hundred and twenty-five – seven hundred and fifty – 0.36%

It can be seen from the zinc inventory statistics of LME market that since December 10, the zinc inventory in LME market has increased greatly, the zinc inventory has increased, and the supply of zinc market has increased, which has a great impact on the negative zinc price, and the zinc price has fluctuated slightly.

Electricity prices in France soared to an all-time high

EDF said on December 15, 2021 that it would shut down its two reactors at Chooz nuclear power plant this week, and the two reactors of civaux nuclear power plant would be shut down for a long time. At this time, when the European continent is experiencing a cold current and the natural gas inventory has been exhausted, the shutdown of French nuclear power plants will make the power market more tense. On the European energy exchange, the price of electricity supply in Germany jumped by more than 10% next year, and the price of electricity in Germany jumped to 230 euros per megawatt hour in 2022. Electricity prices in France soared 20 per cent to 485 euros in the previous week’s trading, while contract prices soared 40 per cent to a record 550 euros in January. The soaring electricity price is obviously bad for the nonferrous smelting market. Affected by this, nonferrous smelting enterprises reduce production and limit production, and the future supply of zinc city is expected to decrease.

Nyrstar announces closure of French zinc production plant

Nyrstar, one of the world’s largest zinc smelters, said on December 16 that in order to cope with the current and expected surge in electricity prices in France, the maintenance plan of its auby zinc project in France was advanced to the first week of January 2022. Nyrstar, a global metal mining company, is the world’s leading producer of zinc and lead. Nyrstar’s zinc production capacity in Europe is 720000 T / A. European zinc smelters stopped production again, the driving force for the rise of zinc prices increased, and the night market of zinc soared.

Market overview and future forecast

Business analysts believe that: affected by the large increase in zinc inventory in LME, the bad situation in zinc market increased and the zinc price fell slightly; Later, affected by the soaring electricity price in France, the production of European zinc smelters was reduced again, and the zinc price soared. The overall zinc price fluctuated and rose. In the future, the domestic zinc market is relatively stable, and the zinc price trend is mainly dominated by the international zinc market. The soaring electricity price leads to the decline of zinc smelting output, and the shutdown of zinc smelting in Europe exacerbates the concern of zinc supply shortage; However, zinc stocks in LME market increased significantly to make up for some concerns about zinc supply shortage. The supply shortage in zinc market may be lower than the expected reduction in production, and the zinc price expectation in the future will rise slightly.