According to the price monitoring of business associations, the market price of lithium carbonate in East China showed a slight upward trend in May, and the overall demand was better after the end of the May Day holiday. The average price of industrial lithium carbonate in East China on May 30 was 70,480 yuan/ton, up 1.56% at the end of the month compared with the beginning of the month. The average price of battery-grade lithium carbonate on May 30 was 79,840 yuan/ton, up 0.3% at the end of the month compared with the beginning of the month.

By observing the market changes, the overall demand for lithium carbonate is better after the May Day holiday, the price remains stable, and the industrial lithium carbonate shows a slight upward trend. The price of battery-grade lithium carbonate also rose slightly around mid-May, mainly due to the contraction of industrial carbon supply and price rise, which led to the increase of the price of electric carbon in the process of industrial carbon purification. From late May to the end of the month, the price of lithium carbonate gradually recovered and stabilized after a slight increase.

At present, the stability of the lithium carbonate market may last for about a month, with lithium manganate and lithium cobalt oxide cathode materials entering the traditional consumption off-season. Upstream lithium carbonate projects are gradually starting to release, and the summer production peak may be coming or may have a downward trend. The comprehensive price of industrial grade lithium carbonate is between 66,000 and 76,000 yuan/ton, and that of battery grade lithium carbonate is between 74,000 and 85,000 yuan/ton.

According to business analysts, lithium carbonate prices are now starting to return to a stable level, with companies focusing on the consumption of inventory. In June, lithium carbonate market capacity began to release gradually, and prices may decline. It is expected that the price of lithium carbonate will remain stable in the short run.

According to the survey data of business associations, the average market price in East China is about 1960 yuan per ton. The light soda commodity index on May 28 was 100.51, which was the same as yesterday. It was 14.72% lower than the cyclical peak of 117.86 points (2017-11-21), and 59.16% higher than the lowest point of 63.15 on November 18, 2015. (Note: Period refers to 2011-09-01 to date)

Domestic soda market is mainly stable, and enterprises are on the sidelines. The mainstream market price of light alkali in North China is about 1950-2000 yuan/ton, and that of heavy alkali in North China is about 1950-2050 yuan/ton. The actual transaction price can be further discussed. In central China, light soda is about 1750-1850 yuan/ton, and heavy soda is about 1900-2000 yuan/ton. The domestic soda ash market has a narrow fluctuation and is relatively stable as a whole. The downstream demand of light alkali continues to be low, and the trading situation is general as a whole.

Soda analysts in business associations believe that the overall demand for light caustic soda is not good. Under the trend of buying up and not buying down, the enthusiasm of end users and traders is not high, and they are more cautious to watch the market. It is expected that the domestic soda market will operate steadily in a multi-dimensional way in the near future, mainly on the basis of wait-and-see, and specifically on the downstream market demand.

Sydney and Melbourne, Reuters reported that the threat of political unrest in Papua New Guinea delayed a $13 billion project that could double the country’s gas exports, causing the share price of one of its partners, the oil search company, to drop nearly 4% on Monday.

Political instability is not uncommon in Papua New Guinea, but it has not prevented mining and energy investment in this resource-rich country. However, protests that do not benefit the interests of remote areas have been plaguing the government and project owners.

The agreement between Papua New Guinea and Daudal sets the conditions for the development of Elk and Intelope gas fields, which will fuel two new LNG production units at ExxonMobil’s PNG LNG plant.

Meanwhile, ExxonMobil and its partners are planning to build a third new unit at the PNG plant, partly fueled by another new gas field, P’nyang.

Saul Kavonic, an analyst at Credit Suisse, said political turmoil could put pressure on the government to negotiate tough terms on the pending P’nyang gas agreement and affect negotiations on development costs.

Any delay in the P’nyang agreement could hamper the final investment decision for PNG LNG expansion, which doubled the plant’s capacity to 16 million tons a year.

ExxonMobil and its partners had hoped to start planning for infrastructure expansion in mid-2019 and make final investment decisions in 2020.

Kavonic said they were competing for projects in Mozambique, Qatar, North America and Australia to expand LNG production to fill the expected gaps in the global LNG market by 2024. ExxonMobil and Daudal had LNG projects elsewhere if political activity delayed LNG production in Papua New Guinea. Other projects can be prioritized.

On May 26, the rare earth index was 384 points, unchanged from yesterday, down 61.60% from its cyclical peak of 1000 points (2011-12-06), and up 41.70% from its lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of Neodymium in rare earth metals is 450,000 yuan/ton, dysprosium is 2325,000 yuan/ton and praseodymium is 69,000 yuan/ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 335,000 yuan/ton; dysprosium oxide is 1.975 million yuan/ton; praseodymium oxide is 355,000 yuan/ton; and neodymium oxide is 335,000 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 450,000 yuan/ton, and the average price of dysprosium-iron alloys is 1.975 million yuan/ton.

Recently, the price of rare earth has maintained a high level, the domestic rare earth market has improved, the price of most commodities in the rare earth market has risen, and the import of heavy rare earth dysprosium and terbium products has been limited by Myanmar’s mines. Market participants are more optimistic about the price of medium and heavy rare earth. Holders are reluctant to sell them, and the price of dysprosium and terbium series products continues to rise. In addition, the market trend of praseodymium and neodymium series products is general, the supply in the market is normal and rare. Land prices have been rising recently. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under the strict environmental protection inspection, rare earth separation enterprises in many provinces have stopped production, resulting in a general market of rare earth oxides. Recently, the rare earth market has turned to the seller’s market. The manufacturers have reasonable control over sales and are reluctant to sell. Especially for some mainstream rare earth oxides, the supply performance is tight, the price trend of rare earth market is rising, large enterprise groups are reluctant to sell in the near future, the market of rare earth has improved, but the major manufacturers are cautious about the pricing of products. Recently, rare earth imports have declined, domestic enterprises are reluctant to sell, and some prices in the rare earth market have risen sharply.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. Prior to this, Anhui Province jointly issued a special action document to crack down on rare earth blacks. Due to the increasingly obvious regulatory effect, the supply of raw mineral resources in the upstream of the rare earth industry has shrunk, and the rare earth industry has been trading well.

Rare earth analysts of business associations expect that the recent stringent domestic environmental protection efforts will not be reduced, coupled with the domestic reorganization of the order of the rare earth industry, Myanmar’s restrictions on exports and reduced supply, which will provide some favorable support for the rare earth industry. Rare earth products are expected to rise, but the price of the rare earth market in the early period is higher, and the later period is limited.

First, the price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus was stable this week, with an average price of 16250 yuan/ton.

Second, the market analysis Product: Yellow Phosphorus prices are stable this week. Yellow phosphorus enterprises near the recent construction rate is not high, affected by supply constraints prices remain high. At present, the mainstream transaction price of yellow phosphorus in Yunnan is 16000-16400 yuan/ton. The mainstream transaction price in Sichuan area is about 16000 yuan/ton.

Guizhou Yellow phosphorus mainstream transaction price in 16300 yuan/ton or so. Industrial chain: This week the domestic phosphorus ore market as a whole remains stable mainly, Guizhou region 30% grade phosphorus ore mainstream cargo factory with tax quotation 390-450 yuan/ton. Panzhihua Coke (Level two metallurgical coke) market price is stable, the mainstream price in 2280 yuan/ton.

Yellow phosphorus downstream enterprises demand peak season, better support for the market.

Third, the forecast of the aftermarket Business Society Chemical Branch Yellow Phosphorus analysts believe that the recent construction rate of yellow phosphorus enterprises is not high, affected by supply constraints prices remain high. There has been little change in the yellow phosphorus market around this week, dominated by stability. Short-term inner yellow phosphorus or consolidation mainly, pay attention to the follow-up message surface changes.

May 22 The Phenylanhydride Commodity Index was 61.09, down 0.06 points from yesterday, down 49.15% from 120.13 at the highest point in the cycle (2012-02-28), up 48.42 from its lowest point of 26.17% on January 21, 2016.

(Note: cycle refers to 2011-09-01 to date). Recently, the domestic phenylanhydride market price trend to maintain low, east China phenylanhydride Phenylanhydride Market to maintain a weak, downstream plant maintenance just need to purchase, factory inventory pressure continued, high-end transactions blocked, the field adjacent to the source of supply negotiations in the mainstream in 6200-6300 yuan/ton, naphthalene method source talks mainstream in 5900 yuan/ton

, North China Phenylanhydride market mainstream quotation in 6200-6300 yuan/ton, the market weak shock mainly, the price of each enterprise small decline, downstream construction is not high, on-demand procurement mainly, the wait-and-see mentality is thicker, the domestic phenylanhydride device operation is stable, the field phenylanhydride spot supply is normal, the goods market is not good, phenylanhydride price trend Yin fell. Recently, the upstream of Phenylanhydride products phthalic Sinopec implementation price of 6400 yuan/ton, the current market price of 6400 yuan/ton, the quotation decline, the port goods market in general. Upstream raw materials mixed xylene price shock stability, adjacent benzene volume in general, port phthalic inventory low, adjacent benzene foreign disk quotation stability, import of phthalates cost shock, the actual transaction price of the real order, the upstream price trend decline, phenylanhydride market price to maintain a weak. Downstream DOP prices are lower, DOP downstream demand in general, customer procurement enthusiasm is not good, DOP market mainstream transaction price of 7550 yuan/ton or so, after the fall pressure of DOP still exist, downstream prices slightly lower, for upstream phenylanhydride demand is limited, phenylanhydride market price slightly lower, The expected late-stage phenylanhydride market price may be around 6200 yuan/ton.

May 22, the rare earth index was 364 points, up 20 points from yesterday, down 63.6% from 1000 at the highest point in the cycle (2011-12-06), up 271 from its lowest point of 34.32% on September 13, 2015.

(Note: cycle refers to 2011-12-01 to date). The average price of metal neodymium in rare earth metals increased by 45000 yuan/ton to 387,500 yuan/ton; the average price of dysprosium metal increased by 320,000 yuan/ton to 2.275 million yuan/ton; and the average price of metal praseodymium was 690,000 yuan/ton. The average price of praseodymium neodymium oxide in rare earth oxides increased by 30000 yuan/ton to 305,000 yuan/ton; dysprosium oxide prices increased by 150,000 yuan/ton to 1.925 million yuan/ton; the average of oxidized praseodymium was 355,000 yuan/ton; and the average price of neodymium oxide increased by 32500 yuan/ton to 300,000 yuan/ton.

The price of praseodymium neodymium alloy in rare earth alloy increased by 27500 yuan/ton to 395,000 yuan/ton; the average price of dysprosium ferroalloy increased by 150,000 yuan/ton to 1.925 million yuan/ton. Recent Rare earth field prices rose sharply, domestic rare earth market trading market improved, rare earth market most commodity prices higher, heavy rare earth dysprosium terbium varieties affected by Myanmar Mine import restrictions, market participants on the price of medium-heavy rare earths, holding merchants reluctant, dysprosium terbium prices rose sharply, coupled with Praseodymium Neodymium series of products market trend in general, The supply of the field is normal, rare earth prices in the recent trend of rise. Rare Earth market price shock is related to environmental inspectors nationwide, rare earth production has particularity, especially some products have radiation harm to make environmental protection supervision become more stringent. In the environmental protection of strict inspection, a number of provinces rare earth separation enterprises have been discontinued, resulting in the general rare earth oxide market delivery, the recent rare earth market to the seller’s markets, manufacturers reasonable control of sales, reluctant sentiment is strong. In particular, some mainstream rare earth oxides, supply performance tension, rare earth market price trend rise, the recent field of large enterprise groups have reluctant sentiment, rare earth market improve, but the price of products are also carefully watched by manufacturers.

Recent imports of rare earths have fallen, but some prices in the rare earth market have risen sharply due to limited volumes. Recently, the state Environmental Protection Department strict investigation efforts, the impact on the rare earth industry is greater, rare earth industry started low, the market is cold.

Prior to this, Anhui Province jointly issued a special action document on rare Earth black, because the regulatory effect is becoming increasingly apparent, rare earth industry upstream raw ore resources supply shrinkage, rare earth industry trading market to go well. Business Society Rare Earth analysts expect the recent domestic environmental protection is not reduced, coupled with the domestic order of the rare earth industry rectification, Myanmar to restrict exports, supply reduction, the rare earth industry has a certain positive support, rare Earth products are expected to rise expectations.

I. The supply of bauxite continues to be strained and prices rise

May 16, Aladdin Alumina spot quote 3050 yuan/ton, this week’s increase has reached 8.5%, basically showing a leap upward, and this price compared to April 15 at the bottom of the quote 2665 Yuan/ton has also risen 14.5%. The price of domestic alumina continued to be in the downlink from a staged high of 3340 yuan/ton in mid-September last year, and alumina prices began to rebound after bottoming out in mid-April this year.

The logic of the rebound is mainly due to the continued tension in the supply of bauxite in Shanxi, Shanxi region’s alumina production capacity accounts for about 30% of the total domestic production capacity, and the cost of producing alumina in the entire cost curve at the right end of the position, so pushed up the price of alumina at the beginning of the rebound. And the recent leap upward of alumina prices is due to the impact of the leakage of the red mud Bank in Shanxi. May 7 Jiaokou County The government set up a joint verification working group to carry out a verification work on “leakage of red mud reservoir in Shanxi Junction Shin aluminium factory”. Shanxi junction Fat Aluminum Co., Ltd. is a subordinate enterprise of Shandong Jiaokou County Aluminum Power Group, is also a large private enterprise to attract investment, according to media reports, the alumina project of the Red Mud Reservoir dam surface has cracks, lye leakage and seriously pollute the environment, while triggering the possibility of dam break worries. The official briefing indicated that a shutdown directive had been issued for the enterprise, that 2.8 million tons of alumina production capacity of the enterprise was being rectified as required, that the recovery time had not been determined, and that subsequent market developments remained to be observed.

Aladdin data show that as of March, the total production capacity of domestic alumina is 83.97 million tons, in the yield of 69.61 million tons, Shanxi Junction alumina project shutdown capacity accounted for 3.3% of the total production capacity, accounting for 4% of production capacity. In addition, due to the impact of environmental protection issues, the Office of the central Ministry of Ecological Environment in the near future expedited triggered the “2019 years of ecological Environmental protection overall supervision (first round) notice”, the Central Ecological Environment Department will draw 23 people from May 15 to 25th in Shanxi to carry out integrated strengthening supervision (phase I) work,

Follow up on the inspection and influence of aluminum oxide plant in Shanxi area should be paid close attention to.

Second, the world’s largest alumina plant or comprehensive production SMM5 16th, the Norwegian company (NorskHydro) said in a statement on the official website that the Brazilian Federal court in Belém, Brazil, on the May 15 of the local time to lift the production ban on the Alunorte aluminium oxide plant under the Norwegian Sea, the resolution in the civil action against this incident came into force. Hydro hopes the court can make the same decision on parallel criminal proceedings against the case as soon as possible.

Until then, the Alunorte aluminium oxide plant will continue to maintain 50% operating capacity. The Brazilian Alunorte aluminium oxide plant is the world’s largest alumina plant, with an annual output of 6.3 million tons, accounting for about 5% of the world’s 130 million tonnes of alumina production. The plant in early March 2018 due to pollution accidents affected the shutdown of 50% production capacity, after a brief comprehensive shutdown in October and continued to produce 50% of production capacity. Now the proceedings in hydro and the local courts have finally paid off, and it remains to be seen when production can be fully resumed.

If the Alunorte aluminium oxide plant is fully produced, which is a relatively large bearish factor for overseas alumina prices, overseas alumina prices will continue to be under pressure.

Iii. Investment Proposals It is expected that domestic alumina prices will continue to rise in the short term, alumina profit repair, as well as domestic electrolytic aluminum price center will steadily rise, electrolytic aluminum profits continue to repair, increase industry rating to “stronger than the big city”

First, the price trend

This week, maleic anhydride Market collation (5.13-5.17)

According to business news, the average price of maleic anhydride was 7050.00 yuan/ton (all tax included) by the end of the weekend, and the weakness of the offer fell.

Second, the market analysis

Products: This week, the domestic maleic anhydride market as a whole fell in a weak position. Industrial chain: First of all, this week the domestic unsaturated resin demand in general, resin factory on demand procurement mainly, the domestic maleic anhydride market weak weakening; second, the mainstream factory quotes weak finishing mainly. Peripheral crude oil fluctuation affects the mentality in the field, crude oil has a certain support market, the upstream raw material pure benzene price is strong, the price of positive butane slightly receded, the market supply is sufficient, short-term benzene method and butane maleic anhydride profitability stability.

Finally, the downstream filling warehouse is cautious, the factory more wait-and-see mainly.

Third, the forecast of the aftermarket Business Society Chemical Branch maleic anhydride product analysts believe: At present, the recent domestic maleic anhydride market or will remain weak collation trend, the overall price or with this week’s flat.

Price Trend Chart of Nitric Acid Market

According to the monitoring of business associations, nitric acid prices in China rose this week, averaging 1,600 yuan/ton at the beginning of the week and 1,633 yuan/ton at the end of the week, up 2.08%.

II. Market Analysis

Products: This week, the domestic nitric acid market prices increased slightly in some areas. The price quoted by mainstream manufacturers in Jiangsu was 1 650 yuan/ton, and the price was increased. Anhui mainstream manufacturers quoted 1600-1650 yuan per ton. Nitric acid shipments are common everywhere, and prices in some areas have increased slightly.

Industry chain: the upstream raw material of nitric acid, liquid ammonia, the domestic market performance of liquid ammonia has stabilized. At present, the market price remains high. The price quoted by manufacturers in the northern region is maintained in the range of 3350-3500 yuan/ton. The price quoted in the northwest region is around 2800-3000 yuan/ton. Downstream aniline, Nanjing chemical aniline market price rose 100 yuan / ton this week, East China maintained stability, the price is about 5600 – 5950 yuan / ton.

3. Future Market Forecast

In summary, Nitric acid analysts believe that the nitric acid market will be strong in the short term.