According to the commodity market analysis system of Business Society, the mainstream price of styrene in Shandong has fluctuated slightly recently. At the beginning of the week, the average price of styrene in Shandong was 9530.00 yuan/ton, while on the weekend, the average price of styrene in Shandong was 9438.33 yuan/ton, a decrease of 0.96%. The price has increased by 15.71% compared to the same period last year.

styrene

Recently, the market price of styrene has fallen. From the above chart, it can be seen that the price of styrene has mainly fluctuated and increased in the past three months, with a slight correction in the market this week. International oil prices fluctuate and cost support is poor, while the styrene market has risen to a relatively high level. Spot demand is mainly in demand, and downstream demand is slightly resistant to high prices. The styrene market has slightly declined.

In terms of raw materials, the price of pure benzene has slightly increased this week. The price of pure benzene in East China opened low and rose high, with active low-end transactions and a rebound in market sentiment.. The fundamentals are showing an upward trend in the short term, with sufficient supply on the market. Pure benzene may continue to rise in the short term, and we are waiting to see if the cost and demand sides can improve. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in demand and downstream equipment dynamics on the price of pure benzene.

On the downstream side, the prices of styrene in the three major downstream markets have fluctuated. The average quotation for PS this week is 10300 yuan/ton, and the market is stable. The cost support for PS is not good, and the demand is average. It is expected that the domestic PS (polystyrene) price will mainly fluctuate downward in the short term.

This week’s EPS market has fluctuated and stabilized, with an average price of 10725.00 yuan/ton for ordinary materials over the weekend. EPS prices have slightly fallen. The cost side support is average, coupled with downstream high price resistance, production and digestion of early finished product inventory are the main factors, and the market wait-and-see atmosphere is obvious, resulting in weak new order transactions. On the demand side, the recovery of downstream demand in the north is relatively slow, and the demand for home appliance packaging is improving. It is expected that the overall recovery of demand will be relatively slow next week.

The domestic ABS market has been stable recently. The demand side has just entered the market, and the support for spot goods is gradual. It is expected that there will be limited changes in the fundamentals in the later period, and in the short term, the ABS market may continue to operate at a high level and remain strong.

Recently, international oil prices have been fluctuating, driving high levels of pure benzene and low inventories of styrene. Downstream demand remains strong, and it is expected that the short-term volatility in the styrene market will be mainly lower.

After the holiday, the market price of isobutanol has increased. According to the Commodity Market Analysis System of Shengyishe, as of May 8th, the average price of isobutanol enterprises was 8000.00 yuan/ton, an increase of 0.63% compared to the price on April 30th.

Supply and demand side: After the holiday, factory inventory in the Shandong market is low, and shipments are still acceptable. The mainstream negotiation focus in the isobutanol market has shifted upwards, and downstream inquiries and purchases are mainly followed up on urgent needs. The mentality of the East China market is strong, with an upward trend in quotations and a strong demand for transactions.

Cost side:

Propylene: According to the commodity market analysis system of Business Society, the reference price of acrylic acid on May 7th was 6875.00, an increase of 0.73% compared to May 1st (6825.00), which provides sufficient support for the isobutanol market.

Isobutyraldehyde: According to the commodity market analysis system of Shengyi Society, the price of isobutyraldehyde has increased after the holiday. As of May 7th, the domestic isobutyraldehyde quotation was 7975 yuan/ton, an increase of 4.25% from May 1st isobutyraldehyde price of 7650 yuan/ton, providing stronger support for the isobutyraldehyde market.

Related product n-butanol:

According to the commodity market analysis system of Business Society, on May 7th, the reference price of n-butanol (industrial grade) was 7866.67, an increase of 0.43% compared to May 1st (7833.33). After the holiday, the n-butanol market slightly increased, providing support for the isobutanol market.

Future Market Forecast:

Business Society Isobutanol Analysts believe that the supply side has been operating without pressure recently, coupled with the rise of upstream isobutyraldehyde, the price of related products, n-butanol, has slightly increased, providing multiple support for the rise in isobutyl alcohol prices. In the future, the price of raw material isobutyraldehyde may consolidate strongly, supporting or continuing isobutyl alcohol. Downstream demand is mainly for fixed procurement, and supply and demand support is still acceptable. It is expected that the isobutyl alcohol market will continue to operate in the short term, and more attention should be paid to market news guidance.

Recently, the price of isooctyl acrylate in China has remained stable. As of May 6th, the reference price for isopropyl acrylate was 12625.00, which is the same as May 1st. Currently, there is no pressure on supply, and there may still be room for price increases supported by costs. It is expected that the focus of the domestic market for isooctyl acrylate will be on the rise in the near future.

In terms of cost:

Recently, the market price of isooctanol has slightly increased. As of May 7th, the benchmark price of isooctanol in Shengyishe was 9770.00 yuan/ton, an increase of 1.14% compared to the beginning of this month (9660.00 yuan/ton). Due to maintenance plans for some plasticizer devices in May, downstream plasticizer users will purchase in moderation before the holiday. The mainstream factories of isooctanol are arranging inventory shipments, and it is expected that the isooctanol market will consolidate and operate this week.

Recently, the price of acrylic acid in the market has remained stable. On May 7th, the benchmark price of acrylic acid in Shengyishe was 6850.00 yuan/ton, an increase of 0.37% compared to the beginning of this month (6825.00 yuan/ton). The cost support has been strengthened, the market supply has decreased, and the sentiment of price support has increased. Factories and holders have pushed up their prices, and downstream users have increased their enthusiasm for inquiries. As a result, they need to purchase and replenish goods in a timely manner.

In terms of supply and demand:

At present, the production capacity utilization rate of domestic isooctyl acrylate enterprises remains low, the on-site spot supply has decreased, and the pressure on enterprise shipments is relatively small; From a demand perspective, there has been an increase in downstream terminal demand, with actual orders mainly negotiated.

Overall

At present, the rise in cost is the main factor supporting the domestic market price of isooctyl acrylate. The current increase in raw material prices and demand has provided favorable support for the domestic isooctyl acrylate market. Analysts from Business Society predict that with the high price of isooctyl acrylate, downstream consumers may have a resistance mentality, and the subsequent rise of isooctyl acrylate may be difficult to maintain.

Aluminum fluoride prices continued to rise in April

According to the Commodity Market Analysis System of Business Society, as of April 30th, the domestic quotation for aluminum fluoride was 10925 yuan/ton, an increase of 500 yuan/ton or 4.80% compared to the price of aluminum fluoride on April 1st, which was 10425 yuan/ton. The prices of raw materials have risen strongly, with the cost of aluminum fluoride rising in April. In April, aluminum fluoride enterprises started production steadily, and the supply of aluminum fluoride was sufficient. Downstream electrolytic aluminum manufacturers resumed production more, and the demand for aluminum fluoride was good. The price of aluminum fluoride continued to rise in April.

Strong increase in raw material prices

According to the Commodity Market Analysis System of Shengyishe, as of April 30th, the price of fluorite was 3675.00 yuan/ton, an increase of 5.38% from the price of 3487.50 yuan/ton on April 1st. As of April 30th, the price of hydrofluoric acid was 11620.00 yuan/ton, an increase of 4.06% compared to the price of hydrofluoric acid on April 1st, which was 11166.67 yuan/ton. The progress of resuming work and production in the fluorite mine in April is slow, and the supply of fluorite on site continues to be tight. The fluorite market has strong support, and the price trend of fluorite continues to rise. The price trend of downstream refrigerants has increased, the demand for hydrofluoric acid has increased, and the inventory of hydrofluoric acid manufacturers has decreased. In addition, there are still units parked in the market, and the spot supply of hydrofluoric acid is normal. Less than 60% of the production of anhydrous hydrofluoric acid has started, and the market price of hydrofluoric acid has risen due to strong cost support. The prices of fluorite and hydrofluoric acid have risen, and the cost of aluminum fluoride is well supported, increasing the driving force for the rise of aluminum fluoride.

Electrolytic aluminum market tends to be strong and volatile

According to the Commodity Market Analysis System of Business Society, as of April 30th, the average price of aluminum ingots in the East China market in China was 20540 yuan/ton, an increase of 5.06% compared to the aluminum price of 19550 yuan/ton on April 1st. Aluminum prices have almost risen unilaterally in the first half of the month, due to the tight domestic supply side and strong cost support, resulting in an increase in aluminum ingot prices; In the second half of the month, aluminum prices fluctuated widely, with little change in fundamentals. Macro sentiment has dominated recent aluminum price fluctuations, and overall aluminum ingot prices are relatively strong, with good demand for aluminum fluoride.

Market Overview and Forecast

Market forecast: In terms of raw materials, the market for fluorite and hydrofluoric acid is relatively strong, with a positive impact on the cost side; In terms of demand, there has been little change in the fundamentals of electrolytic aluminum, while the demand for aluminum fluoride is still supported. In the future, the cost support for aluminum fluoride is strong, and the aluminum fluoride market has sufficient supply and stable demand. It is expected that the aluminum fluoride market will continue to be strong in the future, and attention will be paid to upstream price changes and downstream follow-up in the future.

Price trend

In April, the domestic PA6 market fluctuated first and then declined, with the decline in spot prices concentrated in the second half of the month. According to data monitoring from Business Society, as of April 30th, the domestic benchmark price of PA6 mixture was 14625 yuan/ton, with a price level increase or decrease of -1.02% compared to April 1st.

Cause analysis

In terms of raw materials:

From the above chart, it can be seen that the market price of caprolactam increased first and then decreased in April. At the beginning of the month, due to the continuous increase in the raw material pure benzene, the caprolactam market stopped falling and rose. However, the load position of domestic caprolactam enterprises is still at a high level. As the increase in pure benzene is hindered, the market benefits are exhausted, and the mid month market has once again turned downward. In the latter half of the year, some maintenance companies have resumed work and returned, resulting in increased supply pressure and limited downstream demand. Overall, the cost support for PA6 has weakened.

In terms of supply: In April, the load of PA6 production enterprises fluctuated narrowly, with an average operating rate of around 83%, stable production, and abundant supply of goods. Some sliced products have a low digestion speed and there is a certain accumulation of inventory. The overall support from the supplier for PA6 spot goods is average.

In terms of demand: Downstream, the main downstream industries saw a decline in production in April. The operating rate of spinning has decreased from 85% to less than 80%, and the weaving load has remained stable at around 70%. The main logic for downstream purchasing within the month still revolves around maintaining production, with some stocking demand released before the end of the month holiday. However, due to the weakening of PA6 prices, terminal enterprises are cautious in stocking up. The support for spot goods on the demand side of PA6 is average.

Future Market Forecast

The PA6 market fluctuated and fell in April. The price of caprolactam first rose and then fell, causing fluctuations in the cost support for PA6. Domestic polymerization plants have a large and stable load, with small fluctuations, and terminal enterprises are in urgent need of goods. Overall, the current market is characterized by a mix of long and short positions, and it is expected that the PA6 market may return to a calm consolidation trend before the holiday.

1、 Price trend

According to the analysis system of the commodity market of Shengyishe, as of April 29th, the average price of high-quality rubber grade white carbon black in China was 5850 yuan/ton. In April, the white carbon black market mainly maintained stable operation, with a narrow range of strong prices. The overall white carbon black market price remained stable, with market supply and demand balance as the main focus, stable negotiation focus, and normal inventory consumption. Currently, the mainstream market price is maintained at around 6000 yuan/ton.

2、 Market analysis

In April, the stable operation of the white carbon black market was the main focus, with limited price fluctuations. The mainstream price continued to remain around 6000 yuan/ton. Currently, upstream cost support is limited, and downstream demand is average. The main focus is on rigid procurement, with small order contract customers in the future.

Chemical index: On April 28th, the chemical index was 868 points, a decrease of 1 point from yesterday, a decrease of 38.00% from the highest point of 1400 points in the cycle (2021-10-23), and an increase of 45.15% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).

3、 Future Market Forecast

Business Society’s white carbon black analyst believes that currently, downstream demand is average, and upstream cost support is weak. It is expected that the mainstream price will be around 6000 yuan/ton in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the PVC spot market has been fluctuating this week. On Monday, the average domestic PVC price was 5564 yuan/ton, and on Sunday it was 5566 yuan/ton. The price increased by 0.04% during the week.

2、 Market analysis

This week, the PVC spot market is operating in a volatile manner. As the May Day holiday approaches, the trading situation on the market is slightly average, with slight fluctuations in market prices. The quotes from manufacturers are generally stable, while the prices from traders are relatively flexible. Downstream procurement is relatively cautious, with a strong wait-and-see attitude. The enthusiasm for stocking up before holidays is average, and the focus is still on basic needs. As of now, the quotation range for PVC SG5 type carbide materials in China is mostly around 5520-5750 yuan/ton.

In terms of crude oil, international crude oil futures closed higher on April 26th. The settlement price of the main WTI crude oil futures contract in the United States was $83.85 per barrel, an increase of $0.28 or 0.3%. The settlement price of Brent crude oil futures main contract was reported at 88.21 US dollars per barrel, with an increase of 0.44 US dollars or 0.5%.

In terms of calcium carbide, according to data monitored by Business Society, the prices of calcium carbide manufacturers have decreased. On Monday, the average price of domestic calcium carbide was 3000 yuan/ton, and on Sunday, the average price was 2883.33 yuan/ton. The weekly price has decreased by 3.89%. The downstream procurement performance is average, and the process of removing calcium carbide inventory is slow.

3、 Future Market Forecast

PVC analysts from Business Society believe that the PVC spot market has been volatile this week. Upstream carbide prices have been lowered, resulting in weak cost support. The performance of PVC in both markets is average, with little change on the market and average market confidence. It is expected that the PVC spot market will continue to fluctuate and consolidate within the range in the short term, and we will closely monitor changes in the news.

Price trend

According to the Commodity Market Analysis System of Business Society, as of April 25th, the average price of industrial grade lithium hydroxide in China was 107200.00 yuan/ton, an increase of 0.56% compared to last Thursday’s price.

Recently, the industrial grade lithium hydroxide market has been fluctuating and slightly rising. Recently, the price of spodumene concentrate has remained stable, while the price of upstream lithium carbonate has remained stable with a downward trend. The impact on cost is limited, and the supply side is operating at a low level. Manufacturers are mainly maintaining long-term contracts. The demand for high nickel downstream is steadily increasing, and the new energy and energy storage market is performing well. Prior to the holiday, there has been an increase in downstream hard demand stocking, and market participants are mostly wait-and-see. Enterprises can adjust their prices flexibly according to their own situation, resulting in narrow market fluctuations.

Upstream lithium carbonate: According to the monitoring of the commodity market analysis system of Business Society, on April 24th, the reference price for lithium carbonate industrial grade was 109000.00, an increase of 1.87% compared to April 1st (107000.00). Recently, the price of lithium carbonate has remained stable and slightly declined, providing moderate support for the lithium hydroxide market.

According to analysts from Shengyishe Lithium Hydroxide, as downstream pre holiday stocking gradually approaches its end, the market is mainly wait-and-see. It is expected that the lithium hydroxide market may undergo a narrow adjustment in the short term, and more attention needs to be paid to the trend of upstream lithium carbonate.

According to monitoring data from Business Society, as of April 24, 2023, the reference price of n-butanol in Shandong Province, China was 7866 yuan/ton. Compared with April 14 (reference price of n-butanol was 7933 yuan/ton), the price decreased by 67 yuan/ton, a decrease of 0.43%.

From the monitoring chart of Business Society data, it can be seen that in late April, the domestic Shandong region’s n-butanol market showed an overall range adjustment operation, and the market price of n-butanol in Shandong remained fluctuating in the range of 7700-7900 yuan/ton. Recently, the overall supply and demand of the domestic n-butanol market has been in a slight adjustment state, with a slight game between supply and demand. Therefore, the n-butanol market industry has also made slight adjustments with changes in the transmission between supply and demand, with an adjustment range of about 50-100 yuan/ton.

Market price situation of n-butanol

Region/ Product/ April 24th

Shandong region/ N-butanol/ 7700-7900

North China region/ N-butanol/ 7950-8050

South China region/ N-butanol/ 8300-8400

East China region/ N-butanol/ 8200-8300

Future analysis

At present, the spot supply of n-butanol in the market is stable, and downstream users are mainly purchasing at low prices for basic needs. According to the n-butanol data analyst of Business Society, in the short term, the domestic n-butanol market in Shandong region will mainly operate with large stability and small fluctuations. The specific trend still needs to pay more attention to changes in supply and demand news.

Recently, the polyethylene glycol market has been operating steadily. According to the Commodity Market Analysis System of Shengyishe, as of April 23, the average quoted price of polyethylene glycol 400 by enterprises was 7750.00 yuan/ton, which is basically unchanged compared to last Tuesday’s price.

Recently, the raw material ethylene oxide has been operating steadily at a high level, with stable cost support. Downstream industries such as cosmetics, pharmaceuticals, chemical fibers, rubber, plastics, etc. have stocked up on demand before holidays, and market transactions have been orderly. The industry is mainly wait-and-see, and the market atmosphere is stable.

Upstream ethylene oxide: According to the commodity market analysis system of Business Society, on April 22, the reference price of ethylene oxide was 7000.00, which was unchanged from April 1. The downward transmission of costs was not smooth, and the price of ethylene oxide remained stable, providing stable support for the polyethylene glycol market.

Upstream ethylene glycol: According to the commodity market analysis system of Business Society, the reference price of ethylene glycol on April 22 was 4490.00, a decrease of 0.52% compared to April 1 (4513.33). Since April, ethylene glycol has been operating weakly and with limited support for the polyethylene glycol market.

According to polyethylene glycol analysts from Business Society, the short-term raw material ethylene oxide may continue to affect the market. Downstream orderly stocking before the holiday is expected, and the market atmosphere is still good. It is expected that polyethylene glycol prices will remain stable in the short term, and more attention should be paid to market news guidance.