1、 Price trend

Isopropanol prices fell this week, according to commodity data monitoring. The average price of isopropanol in China was 7133.33 yuan / ton last Friday, and 6933.33 yuan / ton this Friday. The price fell by 2.8% in the week.

2、 Market analysis

Figure: price trend comparison of acetone and isopropanol from April to June

Isopropanol prices continued to fall this week. Internationally, the closing price of isopropanol in the United States was stable on June 1, while the European isopropanol market closed down. Up to now, the quotation range of isopropanol in Shandong is about 6700-6900 yuan / ton, and that in Jiangsu is about 7000 yuan / ton. The price range of isopropanol in Zhejiang is around 7000 yuan / ton. Raw material acetone fell, the operation rate of East China acetone isopropanol plant increased, the wait-and-see mood of downstream was obvious, the on-site inquiry was general, the on-site trading of isopropanol was short, and the price decreased obviously.

In terms of raw material acetone, the domestic acetone market continued to fall this week. The average price of domestic acetone was 5800 yuan / ton last Friday and 5700 yuan / ton this Friday. The price fell by 1.72% during the week. The domestic acetone market continued to run in a weak position, the market negotiation was weak and difficult to adjust, the market holder was under great pressure, the offer was more cautious, the downstream terminal factories were short of gas, and the low price supply was frequent.

In terms of raw material propylene, the propylene market first fell and then rose this week. The average price of domestic propylene was 8043.09 yuan / ton last Friday and 8004.91 yuan / ton this Friday. The price was reduced by 0.47% within the week. At present, the domestic inventory is not much, some units are overhauled, the enterprises still suspend the quotation, the crude oil market continues to rise, the downstream operation rate is general, some units slightly return to work, the market is favorable, it is expected that propylene may continue to rise.

3、 Future forecast

Isopropanol analyst of chemical branch of business society thinks: at present, foreign export orders are general. The price of raw material acetone fell while the price of propylene rose. The operation rate of East China acetone isopropanol plant is improved, the spot supply is sufficient, and the delivery pressure of the shippers is greater. The lower reaches are mainly wait-and-see, and the overall trading atmosphere of the market is light. It is expected that isopropanol will be mainly consolidated at low level in the short term.

Due to the acceleration of economic recovery and the continuous high temperature, the demand for electricity is rising, resulting in the shortage of power supply in southern China. Some cities in Guangdong and Yunnan started to use electricity at off peak. This round of peak load shifting has a certain impact on some non-ferrous smelting enterprises. At present, Yunnan zinc smelters have begun to implement the power and production restriction policy, and the preliminary plan is to limit it to the middle and late June. According to the current production reduction, it is estimated that the refined zinc in Yunnan will have an impact of 12000-15000 tons in May. According to statistics, the zinc smelting capacity in Yunnan Province accounts for about 17% of the whole country. The production reduction in Yunnan will reduce the supply of domestic refined zinc, lead to insufficient supply in the zinc market, and increase the driving force of zinc price rise. Some enterprises in Guangzhou, Foshan, Dongguan, Huizhou, Zhuhai, Zhongshan, Chaozhou and other places are required to use electricity at different peak periods, and there is no plan to reduce the output of smelters in Guangdong for the time being. The overall supply of zinc market is expected to decrease, and the rising power of zinc price is increased.

Zinc price rising

According to the data monitoring of business news agency, the price of zinc fluctuated and rose in May, reaching a new high since 2019. As the price of zinc continued to rise, the market of zinc market went up all the way, and the zinc market was in the peak demand season. The demand in the future was expected to increase, and the rising power of zinc price was sufficient.

Analysis summary and Prospect

Bai Jiaxin, an analyst of business news agency, believes that: in the peak demand season of zinc market, the rising power of zinc market is sufficient, and with the economic recovery, the demand of zinc market is expected to increase; The peak of electricity consumption in summer is coming, and the peak production of Yunnan zinc ingot smelter is staggering, which leads to the decrease of refined zinc output and zinc market supply. The supply of zinc market is reduced, the demand is expected to increase, the supply of zinc market exceeds or intensifies, and the price of zinc may reach a new high. Although the national price control has a certain cooling effect on the zinc market, the basic market of the zinc market is short of supply, which makes the zinc price in a high position. The future zinc price is expected to rise in shock, and the rising trend of zinc price slows down. However, the price of zinc is difficult to reach a record high. It is expected that the price of zinc will stabilize after a short rise.

Recent trend of urea price

As can be seen from the figure above, the ex factory price of urea in Shandong Province rose this week, from 2330.00 yuan / ton at the beginning of the week to 2353.33 yuan / ton at the end of the week, with an increase of 1.00%, and a year-on-year increase of 43.50%. On the whole, the urea market rose this week, with the urea commodity index at 109.46 on May 28, showing an upward trend over the weekend.

The upstream support is general, the downstream demand is good, and the supply side is tight

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong rose this week. The price of urea in Yangmei plain this weekend is 2360 yuan / ton, which is 20 yuan / ton higher than that at the beginning of the week; Shandong Ruixing urea quoted 2330 yuan / ton this weekend, which was 20 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea quoted 2370 yuan / ton this weekend, 30 yuan / ton higher than that at the beginning of the week.

From the data of upstream and downstream industry chain, the upstream products of urea this week are on the rise and fall with each other as a whole: the price of liquefied natural gas rose slightly, from 3463.33 yuan / ton at the beginning of the week to 3493.33 yuan / ton at the end of the week, an increase of 0.87%, up 37.89% compared with the same period last year; The price of steam coal decreased slightly, from 900.00 yuan / ton at the beginning of the week to 856.25 yuan / ton at the end of the week, with a decrease of 4.86%, and a year-on-year increase of 54.28%. The price of liquid ammonia rose slightly, from 3970.00 yuan / ton at the beginning of the week to 4103.33 yuan / ton at the end of the week, with an increase of 3.36%, and a year-on-year increase of 37.54%. The quotation of melamine in the lower reaches of urea fell sharply this week, from 13900.00 yuan / ton at the beginning of the week to 9533.33 yuan / ton at the end of the week, a decrease of 31.41%.

From the perspective of demand, the agricultural demand of different regions has been followed up; The downstream compound fertilizer and rubber sheet factories took goods actively, and the new orders of enterprises followed up well. From the supply side: in recent years, some enterprises in Shandong, Xinjiang, Shaanxi and other places have been overhauled, and the supply side has been tightened. At the same time, the enterprise inventory and social inventory have also been maintained at a low position. In terms of Indian bidding: the bidding price of India RCF company announced that the bidding quantity of East Coast is 795000 tons CFR, and the lowest price is 408.88 US dollars / ton CFR. On the whole, the urea cost support this week is general, the downstream demand is better, and the urea supply is tight.

The price is still strong in the future

In the first ten days of June, the urea market in Shandong may rise slightly. Urea analysts of business news agency believe that at present, the agricultural demand is rising and the industrial demand is also rising slightly, but the supply of urea is tight. It is expected that the domestic urea market will not meet the demand in the short term, and the market price will fluctuate slightly.

1、 Price trend

According to the data of the business club’s block list, on May 24, the average ex factory price of 55 powdery monoammonium was 2566 yuan / ton, and on May 28, the average ex factory price of 55 powdery monoammonium was 2616 yuan / ton, up 1.95% this week.

According to the data of the business club’s block list, the average ex factory price of 64% granular diammonium was 3066 yuan / ton on May 24, and that of 64% granular diammonium was 3066 yuan / ton on May 28, which was stable this week.

2、 Market analysis

The price of map continued to rise this week. The atmosphere in the yard was good, and the compound fertilizer enterprises replenished according to the demand. The ex factory price of 55% powdered ammonium is 2650-2750 yuan / ton, and that of 58% powdered ammonium is 2750-2800 yuan / ton. On Monday, the operating rate of ammonium enterprises was about 69%, up from last week. Some enterprises are still in the process of shutdown and maintenance.

The price of DAP was stable this week. The domestic market atmosphere is light and the trading volume is average. Domestic enterprises start low, supply reduction, new single follow-up insufficient. It is still mainly export-oriented. On Tuesday, the operating rate of ammonium enterprises was about 50%, lower than that of last week.

This week, the domestic market of raw material phosphorus ore continued to maintain a high consolidation operation, the overall market trading atmosphere was good, the downstream orders were relatively stable, and the shipping of the industry was normal.

3、 Future forecast

Business community ammonium phosphate analysts believe that the current trading volume of monoammonium phosphate is increasing, domestic and foreign demand is improving, and the price is rising. Diammonium phosphate is currently in the off-season, mainly in the execution of export orders, the demand is general. It is expected that the price of map will continue to rise in the short term, while map will run smoothly.

On May 28, the styrene market as a whole declined slightly. Crude oil rose, pure benzene and ethylene fell, styrene cost support weakened, styrene decline was greater than cost, theoretical profit margin reduced. With the end of styrene paper delivery in May, the market is expected to buy gas down, coupled with the weakness of futures, which has a certain pressure on today’s spot price. Although the domestic styrene operation rate rose and the styrene supply increased, the wharf inventory was low and the accumulation of wharf inventory was slow. This week, the styrene inventory was 119200 tons, and the spot supply was tight.

Downstream, PS, EPS prices temporarily stable, ABS high down. EPS operation rate is 67%, stable operation, low fluctuation of processing profit. The PS shutdown device has not been restarted, the operating rate remains stable at 71%, and the production is still at a loss. ABS operates at high power, close to 99%, and the production benefit is good. The demand for styrene in the three downstream areas is temporarily stable. To sum up, the short-term styrene cost support becomes weak. In the short term, the wharf continues to go to the warehouse and the inventory remains low. However, with the recent release of production and arrival of imported goods of new devices such as Huatai Shengfu and SINOCHEM Hongrun, the tight spot situation will be relieved in the later stage, and the downstream demand will be temporarily stable. It is expected that the short-term styrene market will still be in the shock consolidation stage after rapid rise and fall.

Today, the price of styrene in Shandong was lowered to around 9750-9800 yuan / ton. The price is around 9800 yuan / ton in Northeast China and 10000 yuan / ton in South China

According to the data monitoring of business news agency, the average price of domestic EVA market was 20466.67 yuan / ton on May 23 and 20466.67 yuan / ton on May 24. During the period, the price was flat, up 2.58% compared with March 30. Although the quotation of EVA manufacturers has not changed, the market price is mainly weak and has been declining one after another.

As of May 24, EVA ex factory quotation is as follows:

product manufactor model Ex factory price

EVA yanshan petrochemical 18J3 20000 yuan / ton

EVA Beijing Organic Y2022 21500 yuan / ton

EVA Beijing Organic Y2045 21500 yuan / ton

EVA BASF Yangzi V5110J 19900 yuan / ton

Recently, EVA petrochemical enterprises continue to support the market steadily, but the market offer has declined, ranging from 100-300 yuan / ton. The weak trend of raw material market has brought bad news to the market. The attitude of the operators is cautious, and the downstream multi-dimensional companies are just in need of purchasing, and the enthusiasm for entering the market is relatively general. The overall transaction atmosphere of the market is flat, and the transaction is mainly discussed.

EVA production enterprise device dynamic:

product manufactor Production capacity (10000 tons / year) Device dynamics

EVA yanshan petrochemical twenty On May 16, the company started production of high pressure diesel engine

EVA Beijing Organic four Production started on May 16

EVA Ningbo Formosa Plastics seven point two Now I’m driving

EVA BASF Yangzi twenty Normal production

International crude oil market: on May 24, the international oil price jumped sharply and rose strongly for two consecutive days. The settlement price of the main contract in the U.S. WTI crude oil futures market was $66.05/barrel, up $2.47 or 3.9%. The settlement price of the main contract in Brent crude oil futures market was US $68.46/barrel, up US $2.02 or 3.0%. Due to the continuous vaccination, which further promoted the growth of global demand, the optimistic expectation of fuel demand overshadowed the potential risk factors of Iran’s crude oil production returning to the international market.

Acetic acid Market: Recently, the domestic acetic acid market is weak. At present, the starting of acetic acid plants is normal, the inventory of manufacturers is increasing, the supply of acetic acid in the market is sufficient, the downstream traders just need to buy rationally, the purchase is limited, the market transaction is weak and stable, the short-term market supply and demand is dominated by the downstream, and the market sentiment is mainly bearish.

At present, the trend of raw materials is weak, the attitude of the industry is cautious, the overall transaction atmosphere of the market is flat, most of the offers have price but no market, and the supply and demand are uncertain. It is expected that the price of EVA market will be mainly adjusted in a narrow range in the short term.

According to the data of the business club’s block list, as of May 25, the average price of domestic industrial lithium hydroxide enterprises was 86666.67 yuan / ton, which was flat compared with the previous trading day, increased by 7.88% compared with the price at the beginning of the month, and increased by 34.02% year-on-year in a three-month cycle.

According to customs statistics, in April 2021, China’s lithium hydroxide import volume was 284.59 tons, the import amount of that month was about US $2.43 million, and the average import price of that month was US $8527.75/ton; In April 2021, China’s lithium hydroxide export volume was 5706.80 tons, the export amount of that month was about US $49.56 million, and the average export price of that month was US $8684.04/ton.

Since May, the domestic market price of industrial grade lithium hydroxide has been steadily rising, and then it has been running at a high level. At present, the spot supply is still not loose, and the demand side has performed well. According to the data monitoring of business news agency, the recent price of lithium hydroxide of some enterprises is summarized as follows: the external quotation of Shanghai Yulun industrial grade lithium hydroxide is 92000 yuan / ton; Zigong tongfarong industrial grade lithium hydroxide quoted price is 85000 yuan / ton; Shanghai oujin industrial quoted 83000 yuan / ton for industrial grade lithium hydroxide and 86000 yuan / ton for battery grade lithium hydroxide. The spot price of the merchants is in line with the market, and the actual transaction price is mainly through negotiation.

Upstream lithium carbonate, recent upstream lithium carbonate market stable operation. According to the data monitoring of business news agency, as of May 24, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, up 0.46% compared with the price at the beginning of the month. On May 24, the average price of battery grade lithium carbonate in East China was 90800 yuan / ton, up 0.89% compared with the price at the beginning of the month.

Analysts of lithium hydroxide from business news agency believe that the current market spot supply is still tight, and the demand side is favorable, which will boost the market. It is expected that in the short term, the domestic industrial lithium hydroxide Market will be mainly strong, and the specific trend needs to pay more attention to the market information guidance.

The market price of antimony ingots in East China fell from May 17 to May 21, 2021, with an initial week of 59000 yuan / ton, a weekend of 57500 yuan / ton, and a weekly decline of 2.54%.

The antimony commodity index on May 22 was 80.05, which was flat with yesterday, down 21.77% from the highest point 102.32 (2012-10-16) in the cycle, up 70.39% from the lowest point of 46.98 on December 24, 2015（ Note: the cycle refers to 2012-09-08 to date).

This week, the market price of antimony ingots continued to decline, downstream purchasing intention continued to be depressed, both supply and demand held a long time of standstill, the price of antimony ingots was high in the early stage, and there was a large space for negotiation. Under the long-term support of no transaction, the price began to loosen in late April, with some low price transactions. In May, with the withdrawal of environmental protection supervision group, enterprises in Hunan Province gradually resumed construction, and supply improved slightly compared with the earlier stage, and the price of antimony ingot decreased this week.

As of May 21, 2 antimony ingots of 53000 yuan / ton, 1 antimony ingot 57500 yuan / ton and 0 × sb ingot 58000 yuan / ton were reported in the domestic market.

At present, supply and demand of antimony ingot Market are weak, downstream maintenance is mainly on demand procurement, downstream cost pressure is relatively high, and it is expected that the price of antimony ingot in the future market will fluctuate mainly.

This week, the price of aluminum fluoride was weak and fell, while the market of aluminum fluoride was weak and stabilized. According to the data of business news agency, the domestic price of aluminum fluoride was 8633.33 yuan / ton on May 24, down 100 yuan / ton or 1.15% compared with the price of 8733.33 yuan / ton last weekend (May 16).

The market trend of industrial chain declines

Products Price type Price at the beginning of the week Weekend price Weekly rise and fall Company

fluorite Ex factory price two thousand six hundred and twenty-seven point seven eight two thousand six hundred and twenty-two point two two – 0.21% Yuan / ton

sulphuric acid market value five hundred and seventy-three point three three five hundred and forty-three point three three – 5.23% Yuan / ton

hydrofluoric acid Ex factory price ten thousand two hundred and ninety ten thousand one hundred and eighty – 1.07% Yuan / ton

Aluminum fluoride Ex factory price eight thousand six hundred and thirty-three point three three eight thousand six hundred and thirty-three point three three 0% Yuan / ton

Cryolite Ex factory price six thousand four hundred and twenty-five six thousand four hundred and twenty-five 0% Yuan / ton

aluminium market value nineteen thousand seven hundred and six point six seven eighteen thousand four hundred and sixty – 6.33% Yuan / ton

According to the monitoring of business news agency, the prices of fluorite, hydrofluoric acid and sulfuric acid fell this week, the price trend of upstream industry chain of aluminum fluoride fell, and the cost of raw materials of aluminum fluoride fell. Electrolytic aluminum prices fell sharply from a high level, and the downstream support for aluminum fluoride declined. Aluminum fluoride industry chain upstream and downstream prices fell, aluminum fluoride Market Momentum weakened, downward pressure increased.

Market summary and forecast

Analysts of aluminum fluoride industry in business news agency believe that: the price of aluminum fluoride raw materials fell slightly, the cost of aluminum fluoride decreased, the pressure of aluminum fluoride decline increased, the price of electrolytic aluminum dropped sharply, the demand of aluminum fluoride decreased, and the rising power of aluminum fluoride weakened. In the future, the rising power of aluminum fluoride is weakened, and the downward pressure is increased. It is expected that the price of aluminum fluoride will fluctuate for a long time, and the short-term weakness will be temporarily stable.

According to the monitoring of business news agency, the domestic polysilicon market price continued to rise this week (5.17-21), and polysilicon grade I is expected to rise by 2.89% this week. So far, the price range is 85000-105000 yuan / ton.

By the end of this week, the polysilicon manufacturers were mainly in stable operation. Two major polysilicon manufacturers in Xinjiang had their polysilicon equipment overhauled, and one company in Inner Mongolia had reduced its production load, which affected part of the output. As a result, the supply of polysilicon was relatively tight in May, and this week has not eased. In the case of material shortage sentiment continues to heat up, the price rises naturally, the price of single crystal rises more strongly, and the price of long-term orders is locked, but the price of loose orders is generally high, further pushing up the expectation of silicon material rise. The domestic price is generally close to 100000, and the price of imported polysilicon continues to rise this week, with the average transaction price exceeding 23 US dollars / kg, and the price of polysilicon is quoted to US $24 / kg.

From the downstream silicon wafer, downstream silicon wafer manufacturers have submitted in the two weeks. On May 14, the price of Longji silicon wafer was increased. The price of 175 thickness G1 of Longji stock was 4.39 yuan / piece, and the price of M6 was 4.49 yuan / piece. On May 20, after the price increase of Longji shares, the price of Zhonghuan was raised again. Among 170 thick silicon chips, G1 (158.75mm) quoted 4.7 yuan / piece, up 0.44 yuan, or 10% compared with the price on May 10; The quotation of M6 (166mm) was 4.85 yuan / piece, up 0.405 yuan, or 9.1%. The rising price of silicon wafer also brings support to silicon material.

However, from the terminal point of view, due to the rising prices of silicon materials and silicon wafers in the upstream of the photovoltaic industry, the downstream battery manufacturers are in the dilemma of shrinking profits and even losing money, and the downstream battery prices are forced to rise, but the price rise is faced with the situation of no market and slowing down demand. In addition, on May 15, India launched an anti-dumping investigation on photovoltaic modules produced in China and other regions, This may affect later export orders, and some overseas orders have been delayed or cancelled.

The polysilicon analysts of the business society believe that the silicon material manufacturers are still insufficient in some maintenance work, and it is difficult to alleviate the shortage of materials in the market in the middle and late ten days. The supply side will support the high price of silicon materials. However, the surge of silicon materials and wafers in the upstream of the photovoltaic industry chain will affect the demand for terminal modules. At present, some overseas orders have been cancelled or delayed, and the pressure on the demand side may be increasing, which may suppress the upward pace of silicon materials to a certain extent.