On July 30, the rare earth index was 367 points, unchanged from yesterday, down 63.30% from the cyclical peak of 1000 points (2011-12-06), and up 35.42% from the 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 382.5 million yuan per ton, dysprosium metal is 2.3 million yuan per ton and praseodymium metal is 700,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 289.5 million yuan per ton, dysprosium oxide is 1.84 million yuan per ton, praseodymium oxide is 3.90 million yuan per ton and neodymium oxide is 2.915 million yuan per ton. The price of praseodymium and neodymium alloys in rare earth alloys is 382,500 yuan per ton, and the average price of dysprosium and iron alloys is 184,000 yuan per ton.

In the near future, the price trend of rare earth is temporarily stable, the domestic rare earth market is poor, and the price trend of some commodities in the rare earth market is stable. However, in the near future, the price of some products in the market remains weak, the price of dysprosium and terbium metals is still declining, the market trend of praseodymium and neodymium series products in the near future remains low, the supply in the market is normal, and the price of light rare earth is near. The market is not good. 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 stringent environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market input of rare earth oxides, especially some mainstream rare earth oxides, the supply is normal, the price trend of rare earth market has slightly declined, the recent market sentiment of large enterprise groups is reluctant to sell, the market trend of rare earth is poor, but for production. Pricing of products is also a cautious wait-and-see by major manufacturers.

Poly glutamic acid

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. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is poor, and the trading market in the rare earth industry is poor.

Rare earth analysts from business associations expect that domestic environmental stringency will not diminish in the near future, coupled with domestic rectification of the order of the rare earth industry, Myanmar’s export restrictions and normal supply, but the recent rare earth market transactions are limited, and the price of the rare earth market is expected to decline slightly.

I. Trend analysis

According to the nickel price monitoring of the business association, the current nickel quotation on July 29 was 110916.67 yuan/ton, which was 0.74% lower than the previous trading day and 1.56% lower than the previous one.

II. Market Analysis

Recently, the trade war between China and the United States has improved, but the strong dollar has depressed metal prices, and nickel prices have fallen accordingly. Basically, the increment of ferronickel in Xinhai, Shandong Province has been completed. Downstream stainless steel prices have recently loosened, nickel prices lack of kinetic energy, the current refining nickel inventory is low, there is still some support below.

3. Prospects for the Future Market

Future market forecast: weak supply and demand, expected to maintain a high volatility trend of nickel, short-term attention to the Federal Reserve interest rate negotiations and the twelfth round of Sino-US negotiations and other major events.

A Survey of the Price Trend of Aluminum Ingot in 2019

Aluminum prices bottomed out in 2018, hovering at year-round lows, with a range of 13,450-15,000 yuan/ton. In the first nine months, the price of aluminium was running in a “W” trend, and in the fourth quarter, the price of aluminium dropped significantly.

In the first half of 2019, the price of aluminium was generally inverted “V” operation. The low oscillation in January lasted until before and after the Spring Festival. After the first ten days of February, the price of aluminium ingots began to rise. After a slight decline in late March, the price of aluminium ingots continued to rise in mid-April, breaking through the 14000, 14100, 14200 and 14300 levels continuously. At the end of May, the price of aluminium ingots reached its peak in the year and fell in June. On July 3, the price of aluminium stopped falling and rose, opening up the mode of shock and attack.

According to data from business associations, the average market price of aluminium (99.70) as of July 26 was 13930 yuan/ton, up 3.39% from the market average of 13473.33 yuan/ton at the beginning of January 1, up 5.34% from the valley value of 13223.33 yuan/ton on January 15, down 3.15% from the peak value of 14383.33 yuan/ton on May 15, and from the beginning of 2019 to the beginning of 2019. The current interval amplitude is 8.61%.

Lack of cost factor of raw material alumina supply exceeding demand

1. Alumina production gap is not in place.

It is reported that in 2018, after the impact of the two major events of “Russo Aluminum Sanctions” and “Hyderu Reduction of Production”, there is a big gap in overseas alumina. At present, in terms of supply and demand, alumina has shifted from a large shortage in 2018 to a small surplus in 2019. Although the growth of alumina production capacity in 2019 slowed down year on year, there is still a lot of growth in the whole year.

According to the data of the International Aluminum Association, global alumina production in January-May 2019 totaled about 50.6 million tons, an increase of about 1.2% over the same period last year. For example, the United Arab Emirates Global Aluminum Industry (EGA) put into operation its first alumina refinery in March this year, with a design capacity of 2 million tons per year, and is expected to achieve full-load production in October or November, with an annual planned output of about 1.4 million tons; Heidelu’s production at Alunorte Alumina Plant in Brazil may reach 75.5 million tons in the next two months. – In addition, in 2019, the Alpat Alumina Smelter in Jamaica, the Lanjigarh Smelter in Vedanta, India and the Friguia Smelter in Guinea were restarted or added.

Domestically, Jingxi Tiangui Aluminum Co., Ltd. trial-produced alumina in early July. The company plans to produce about 300,000 tons of alumina in 2019. It is reported that the actual production of Xiangjiang Wanji Alumina reached more than 140,000 tons in June, that of Zhongzhou Aluminum Co., Ltd. reached more than 190,000 tons, and that of Shanxi Alumina by power investment reached more than 270,000 tons. After the basic completion of the technological transformation, the output of Weiqiao Group, Xinfa of Guangxi, Xinfa of Yangquan, Alumina of Shuijiang and Bochuang of Luyu have increased and partially restored, which has made up for the loss of output caused by the discontinuation of the production of the exchange letters starting in May. The domestic alumina supply is excessive. At present, the alumina price has approached a two-year low, and the high-cost alumina refineries in the northern region bear more pressure. Recently, it has been reported that the closure of an alumina refinery with an annual capacity of 1.5 million tons in China has affected the main alumina producing areas in Shanxi and Henan, of which 1 million tons have only been maintained for 30 days since July 20.

2. A Survey of Import Data of Alumina

According to customs data, China’s alumina imports in 2018 were about 512,100 tons, down 66.66% from the previous year; in January-June 2019, China’s alumina imports totaled about 320,000 tons, down 9.5% from the same period last year. Among them, alumina imports in June amounted to 50,000 tons, an increase of 4.6% over the same period last year. From January to May, China’s alumina exports totaled 177061 tons, an increase of 46.5% over the same period last year.

Smooth Operation of Downstream Aluminum Export Electrolytic Aluminum Capacity Ceiling

1. A Survey of Export Data of Aluminum Materials

According to customs statistics, China’s aluminium exports in the first half of 2019 were 3.7443 million tons, an increase of 3.03% over the same period last year. Among them, aluminium sheets, strips and sheets account for the largest proportion of aluminium exports, accounting for 36%; followed by aluminium products, accounting for 30%; aluminium foil and aluminium profile exports account for 18% and 14% respectively; aluminium tube accounts for the smallest and most stable proportion, accounting for about 2% (as shown below).

2. Monthly Export Data of Five Aluminum Materials

3. Limited increment of domestic production of electrolytic aluminium

From January to June 2019, China’s total production of electrolytic aluminium was about 17.87 million tons, an increase of about 0.8% over the same period last year. Among them, China’s production of electrolytic aluminium in June 2019 was about 3 million tons, a slight decrease of about 0.3% annually, and a decrease of about 2.0% year on year. The output of electrolytic aluminium in Shandong, Xinjiang and Inner Mongolia are 707,000 tons, 529,000 tons and 421,000 tons, respectively, with the average ring-to-ring ratio unchanged; the output in Yunnan is about 161,000 tons, the ring-to-ring ratio is increased by about 6.6%; the output in Henan is about 144,000 tons, the ring-to-ring ratio is reduced by about 10.0%.

4. Overview of International Production Data

5. Data List of Import and Export of Unforged Rolled Aluminum

According to the customs data of the General Administration of Customs, the total export volume of all kinds of aluminium products in January-June was 3.815.68 million tons, and that of Unforged aluminium products in January-June was 46.98 million tons.

6. Global Aluminum Demand Growth Expectations

Norsk Hydro in Norway recently forecast a growth of 1-2% in demand for aluminium in 2019; a decline from the 1-3% expected in April this year; Aluminum in the United States expects a global aluminium shortage of 1.7 million to 2.1 million this year, and then shrinks to 1.5 million to 1.9 million.

Where is the price of aluminium ingot going?

I. Overall Trend

According to the sample prices monitored by business associations, LLDPE composite prices declined in the second quarter of 2019. LLDPE’s factory price dropped from 8,600 yuan/ton on April 1 to 7,900 yuan/ton on June 30, and its quotation fell by 700 yuan/ton, or 8.16%. Compared with the same period last year, LLDPE ex-factory quotation fell 14.69%. Spot PP prices generally weakened in the second quarter. Domestic producers and traders T30S mainstream offer price dropped from 8816.67 yuan/ton on April 1 to 8533.33 yuan/ton on June 30, a decline of 3.21%. PP spot price fell by 7.41% compared with the same period last year. Overall, the trend of PP and PE in the second quarter is basically the same.

II. Market Analysis

PE: PE spot market declined in the second quarter as a whole. At the beginning of the season, due to the reduction of VAT tax points, the rise of futures and the impact of petrochemical prices, prices have kept up to a certain extent. In addition, due to the shortage of individual supply sources in some regions, prices have risen in the region. However, futures L1905 began to fall sharply in the middle of the year. Petrochemical stocks were at a high level in the month, and the pressure of depot reduction was great. The peak season of demand for agricultural film had passed, and the digestibility of raw materials was limited. The multi-profitable situation led to the reduction of multi-plant prices. Affected by several price cuts in the month, the mindset of the operators has weakened, and they are mainly short-sighted in the future market.

In the quarter, Sinopec’s inventory declined, futures rebounded for a short time, the downstream market was replenished, the market demand increased, the business mentality improved, and spot prices showed a certain pullback. With the futures dive again, the market continued to decline as a whole. Some petrochemical companies canceled the price increase sale, and gradually lowered prices. The market mentality weakened again. Prices did not recover until the end of the season. Futures and crude oil have both risen, the international economic environment has eased, petrochemical factory prices have been raised to boost market confidence, and the market trading atmosphere has improved. However, end-users just need to give priority to the purchase of more low-priced sources, high-priced transactions are still difficult, and price increases are restrained. Until June 19, the linear market quoted 7733.33 yuan, the lowest price in the first half of the year. On the whole, LLDPE is still weak.

PE upstream: According to the analysis of business associations, ethylene prices in Asia showed a general trend of first rising and then falling in the second quarter. At the beginning of the quarter, international crude oil shocks rose, Russian crude oil pipeline exports to Europe declined sharply, European and American crude oil futures rose sharply, and the United States cancelled the national and regional exemption for importing Iranian crude oil from early May, resulting in a reduction in crude oil stocks, but concerns about slowing economic development limited the upward space for oil prices. The rise in crude oil has given some support to the market price of ethylene. At the end of the season, although the international crude oil rose, the demand for ethylene market was light and the market was full of wait-and-see atmosphere. Businessmen pay more attention to the situation of supply and demand after the festival. Downstream styrene continued to fall, the price of ethylene glycol reached, unable to support ethylene, ethylene market prices continued to fall.

For PE downstream enterprises, the start-up rate of downstream film materials gradually declined in April, and the start-up rate of functional film enterprises maintained a low level of about 1-30%; the start-up rate of enterprises was maintained at about 3-40% after the end of plastic film demand; the follow-up of plastic film manufacturers was insufficient, large factories maintained a high-load start-up, and the start-up rate of enterprises maintained at about 3-40%. In June, the demand for film materials continued to be weak, the accumulation of manufacturer orders was limited, a small amount of low start-up was maintained, the demand for sunlight film increased compared with the earlier period, and the demand for plastic film ended, and the manufacturer gradually turned to shutdown.

PP upstream: At the beginning of this quarter, downstream demand for propylene has just improved, accompanied by high domestic inventory, businesses downgraded their offer focus to cope with high inventory. The traditional overhaul peak season started in May alleviated the pressure of propylene inventory in time and alleviated the outstanding contradiction between supply and demand. Domestic spot market supply has decreased and the trend has rebounded. In addition, in May, international crude oil prices were affected by tensions in the Middle East and OPEC production cuts, and supply risks continued to rise, which gave propylene a certain cost-side support and a strong rise. In June, the international crude oil market shocked greatly, and propylene market was affected to a certain extent. At the end of the month, with the rebound of crude oil prices, propylene oxide in the lower reaches of propylene remained stable, acrylic acid prices rose slightly after the downturn, butyl octanol prices rose slightly, some refineries shut down, downstream plants also reduced production, refineries again tight supply, strong willingness to bid. At the end of the quarter, propylene market had a strong trend and continued to rise, which supported the cost of PP. In the second quarter of 2019, propylene upstream of PP showed a concussive upward trend.

PP: This quarter PP spot offer trend concussion downward. In the second quarter, due to the impact of changes in propylene supply, PP peak fell. With the gradual caution of the downstream mentality, the enthusiasm for stockpiling has weakened, and the support for PP prices has begun to decline. At the same time, the introduction of new production capacity has significantly increased the supply of PP. Statistics from professional organizations show that in May this year, China’s polypropylene production was 1.755 million tons, a decrease of 63.7 million tons, a decrease of 3.5%, an increase of 109.3 million tons, an increase of 6.64%. By mid-May, due to the boost of futures prices, it turned to a stalemate and began to shake the whole market. In June, the domestic PP market first restrained and then rose. It was reported that Sinopec’s long-standing stock in the first half of the year dropped to below 800,000 tons at the end of June, and the social stock kept low. On the other hand, in the second quarter, the domestic PP production facilities were not overhauled much, and imports were in a steady stream, which led to intensified competition among all parties and continuous bidding and promotion. PP prices declined all the way until mid-June, when strong macro expectations for the G20 summit at the end of this quarter boosted business mindset. Affected by the easing of Sino-US trade war and the recovery of crude oil, PP prices rebounded and some petrochemical enterprises raised their quotations. But the strength is insufficient. On the whole, the trend of PP is still weak.

Import and Export: In May 2019, the domestic PE import and export volume declined, but continued to increase year-on-year. Statistics show that in May 2019, domestic PE imports totaled 1.419 million tons, a decrease of 51.9 million tons, or 3.53%. The year-on-year increase was 73.1 million tons, an increase of 5.43%, including LLDPE imports of 434,300 tons, a decrease of 17.7 million tons, a decrease of 3.91%, a decrease of 6.74 million tons, a decrease of 0.15%; HDPE imports of 675,100 tons, a decrease of 30.9 million tons, a decrease of 4.38%, an increase of 62,700 tons, an increase of 10.23%; For 310,000 tons, the ring-to-ring ratio dropped by 33,300 tons, or 1.06%, while the year-on-year increase was 118,000 tons, or 3.96%. From the above data, we can see that PE imports in May decreased significantly, but compared with the same period last year, high and low pressure are still higher.

Statistics show that in May 2019, China imported 402.7 million tons of polypropylene, a decrease of 38.2 million tons, or 8.66%. It also decreased 18.7 million tons, or 4.44% over the same period last year. From January to May 2019, China imported 2.0459 million tons of polypropylene, an increase of 267.9 million tons over the same period last year. On the export side, in May 2019, China exported 35370.47 tons of polypropylene, up 8803.214 tons annually, up 33.14%, down 2824.9 tons, down 7.40%. From January to May 2019, China exported 1515.54 million tons of polypropylene, a decrease of 3,533.87 tons, or 2.28% over the same period last year. From the above data, we can see that in May 2019, the impact of foreign sources of goods decreased, domestic PP imports dropped significantly, and export volume increased, but compared with last year, it is still in a high region.

3. Future Market Forecast

PE business analysts believe that the second quarter of the PE market trend oscillation, although the end of the quarter rebounded, but the range is not large. At present, the trend of crude oil is weak, affecting the market mentality, manufacturers have continuously lowered prices, market cost support is weak. Petrochemical stocks are still at a high level although they have fallen back. Parking overhaul in some factories can relieve supply pressure to a certain extent. The third quarter is the traditional peak season, the downstream agricultural film start-up rate has increased, the demand for plastic film has opened, and some factories have the demand for spare goods. The market demand in the third quarter is better than that in the second quarter. PE market is expected to fall first and then rise in the third quarter.

PP business analysts believe that the domestic PP market trend in this quarter shocks, quarterly end quotations driven by macro expectations and strong rise, powder merchants cautiously optimistic. At the same time, it has recently been boosted by the rising cost side of crude oil and propylene and the rise of futures. In addition, some factories have begun to plan maintenance, and the domestic market has the expectation of tight supply. Downstream stocks are limited in enthusiasm improvement, demand to maintain just-in-demand strategy, smooth delivery. Many good points at the end of the quarter are difficult to solve the rising pressure of PP supply and demand. It is expected that the trend of PP will continue to oscillate narrowly in the near future.

On July 24, the hydrofluoric acid commodity index was 109.35, unchanged from yesterday, down 22.13% from the peak of 140.43 points in the cycle (2018-02-21), and up 104.05% from the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the domestic market price trend of hydrofluoric acid was temporarily stable on July 24. Up to now, the domestic market price of hydrofluoric acid was 12050 yuan/ton, and the domestic start-up rate of hydrofluoric acid was less than 60%. Enterprises reflected that the current spot supply of hydrofluoric acid was sufficient, and the recent market situation was general. Recently, due to poor downstream demand, some hydrofluoric acid was in short supply. The manufacturers haven’t adjusted yet, and the market price trend of hydrofluoric acid is stable for the time being. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12000 yuan/ton, while the price of hydrofluoric acid in the northern market is 11500-12500 yuan/ton. Domestic hydrofluoric acid market price declined, spot supply is normal, but the demand situation is poor, hydrofluoric acid market price trend is temporarily stable.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is poor, the recent downstream refrigerant trading market is general, hydrofluoric acid products price shocks. Recent downstream refrigerant market transactions have improved, R22 refrigerant plant surface started at 60%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is between 17500-18500 yuan/ton, but the production enterprise does not have bulk water spot, mainly a small number of cylinders shipment. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price trend of R134a is not good, the start-up rate of production enterprises remains low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen purchase on demand. Recently, due to the normal supply of goods and poor downstream demand, the market price trend of hydrofluoric acid is temporarily stable.

Refrigerant field turnover is poor, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is limited, hydrofluoric acid spot supply is normal, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly lower.

Price Trend

The average price of phosphoric acid was 4516.67 yuan/ton on July 1 and 5900 yuan/ton on July 22, according to the data list of business associations. The price rose sharply, by 30.63%, 34.45% compared with the same period last year.

II. Market Analysis

On July 3, CCTV Focus Interview focused on the pollution problem of yellow phosphorus plants in the upper reaches of the Yangtze River. The tail gas from electric furnace of yellow phosphorus plants was directly discharged into the atmosphere, and wastewater containing phosphorus was discharged wantonly. As soon as the news came out, the yellow phosphorus industry in southwest China was comprehensively renovated and the start-up rate dropped dramatically. As the main source of yellow phosphorus in southwest China, the quotation rose sharply. The cost of yellow phosphorus pushed the price of phosphoric acid to the highest level. The pressure of production and marketing of phosphoric acid enterprises was great. Some enterprises in southwest, South and East China were shut down one after another. It continues to decrease.

Products: This month, the phosphoric acid index increased, mainly due to environmental inspection factors, yellow phosphorus supply shortage led to rising market prices. At present, phosphoric acid enterprises start low, the spot supply is tight, the stock of raw materials is urgent, the supply of goods is difficult to find, the high offer of the holder, the wait-and-see atmosphere of phosphoric acid enterprises is strong, and the enthusiasm of purchasing high-price sources is reduced. As the price of yellow phosphorus continues to rise sharply, the cost of thermal phosphoric acid enterprises is under pressure, most enterprises do not offer for the time being, and some enterprises have downtime plans, the main pre-order issuance, the new order negotiation is cautious, a single discussion. According to the monitoring of business associations, as of the 22nd, the average market price of 85% industrial purified water phosphoric acid is about 5900 yuan/ton, 

Industry chain: The price of upstream phosphorus ore is stable, the yellow phosphorus enterprises start to maintain a low level, the spot supply is still tight, the quotation of yellow phosphorus enterprises is still at a high level, but the rising trend has slowed down. On the 22nd, there are enterprises trading at 20,000 yuan/ton. The downstream phosphate Market has a wide supply. At present, monoammonium phosphate is mainly used as raw materials for compound fertilizers. It has been actively traded and has increased its enthusiasm for upstream phosphate procurement. The domestic demand for diammonium is light, the international market performance is relatively stable, and the goods are basically on demand.

Industry: According to the price monitoring of business associations, on July 22, 2019, there were 14 kinds of commodities rising annually in the chemical sector, of which more than 5% of the commodities increased, accounting for 1.2% of the monitored commodities in the sector; the top three commodities were phosphoric acid (19.19%), acetic acid (3.70%) and acetic anhydride (2.19%). There were 14 kinds of products with ring-to-ring declines. The products with the first three declines were octanol (-1.76%), trichloromethane (-1.69%) and n-propanol (-1.19%). The average daily rise and fall was 0.24%.

3. Future Market Forecast

Phosphoric acid analysts from the Business Society Chemical Branch believe that the upstream raw material of phosphoric acid, yellow phosphorus, has slowed down, prices have fallen, downstream demand is mostly on the sidelines, procurement is not active, and phosphoric acid prices are expected to fall, showing a downward trend.

On July 22, the PX commodity index was 56.00, unchanged from yesterday, down 45.31% from its peak of 102.40 points in the cycle (2013-02-28), and up 22.94% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 22nd. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatic Hydrocarbon Plant started one line. CNOOC Huizhou Refinery and Chemical Plant overhauled. Hengli Petrochemical PX Plant went into operation. Other units operated steadily temporarily due to the introduction of new units. Domestic market supply of p-xylene is normal, and market price trend of p-xylene is temporarily stable. The opening rate of PX units in Asia is about 80%. On July 19, the closing price of p-xylene in Asia dropped by 6 US dollars per ton. The closing price is 826-828 US dollars per ton FOB in Korea and 845-847 US dollars per ton CFR in China. More than 50% of domestic units need to be imported. The decline of foreign prices has a negative impact on domestic market price of p-xylene. The price trend of p-xylene in the market is stable for the time being.

On July 19, the price of WTI crude oil futures rose to 55.63 U.S. dollars per barrel, an increase of 0.33 U.S. dollars. Brent crude oil futures rose to 62.47 U.S. dollars per barrel, an increase of 0.54 U.S. dollars. Crude oil price fluctuation has a certain cost support role for the price of downstream petrochemical products. The price trend of paraxylene market is temporarily stable. This is the case. Recent textile industry volatility, PTA price trend temporarily stabilized 22 days, East China average offer in the vicinity of 6250-6300 yuan/ton, up to 19 domestic PTA start-up rate is about 89%, polyester industry start-up rate is about 87%, downstream production and sales rate maintained high, but PTA market price slightly lower, expected later PX market price or will be. Maintain shock.

Price Trend

According to the price monitoring of business associations, the market trend of potassium sulfate is stable this week.

II. Market Analysis

Potassium sulfate Market Consolidation this week, market wait-and-see atmosphere continued, the latter market demand to be released. Tobacco bidding in the southern market is pulling, which is higher than that in the northern market. At present, the transaction of potassium sulfate in Northeast China is weak and stable, and the start-up of Mannheim plant is limited due to the normalization of environmental security inspection. In the area, the mainstream factory quotation of 50 powder is 2750-2850 yuan/ton, grain/52 powder 2900-3000 yuan/ton, round particle 3200 yuan/ton, and the transaction is single-sided. The start-up rate of Mannheim potassium sulfate industry in Shandong is about 57%, which has been slightly reduced due to temporary overhaul by some factories. Now, the mainstream 50% powder of the large factories is quoted at 2900 yuan, and the sales are still acceptable.

3. Future Market Forecast

Potassium sulfate analysts believe that: Northern Mannheim enterprise inventory is low, price stability, potassium sulfate Market in the short term to small stability.

On July 18, the rare earth index was 381 points, unchanged from yesterday, down 61.90% from its cyclical peak of 1000 points (2011-12-06), and up 40.59% 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 declined by 2500 yuan per ton to 412,500 yuan per ton; the average price of dysprosium was 2.4 million yuan per ton; and the average price of praseodymium was 700,000 yuan per ton. The average price of praseodymium and neodymium oxides in rare earth oxides declined by 2,000 yuan/ton to 3.105 million yuan/ton, dysprosium oxide price was 1.91 million yuan/ton, praseodymium oxide price was 3.95 million yuan/ton, and neodymium oxide price declined by 2,000 yuan/ton to 3.125 million yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys dropped by 2500 yuan per ton to 412,500 yuan per ton, while the average price of dysprosium-iron alloys was 1.91 million yuan per ton.

Recent price declines in rare earth market, domestic rare earth market trading market is general, most commodity prices in the rare earth market are stable, but in the near future, prices of some products in the market have fallen, prices of dysprosium and terbium metals have fallen, prices of praseodymium and neodymium series products have been declining in the near future, supply in the market is normal, and prices of light rare earths have been moving in the near future. The situation is declining. 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 still tense. The price trend of rare earth market has slightly declined. Recently, large enterprise groups on the market are reluctant to sell. The market trend of rare earth is poor. However, major manufacturers are cautious about the pricing of products.

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. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is poor, and the trading market of the rare earth industry has declined.

Rare earth analysts from business associations expect that domestic environmental stringency will not diminish in the near future, coupled with domestic rectification of the order of the rare earth industry, Myanmar restricts exports and reduces supply, but rare earth market transactions are limited in the near future, and some prices in the rare earth market are expected to fall.

On July 17, the rare earth index was 381, unchanged from yesterday, down 61.90% from the cyclical peak of 1000 points (2011-12-06), and up 40.59% from the 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 415,000 yuan/ton, dysprosium metal is 2.4 million yuan/ton and praseodymium metal is 700,000 yuan/ton. The average price of praseodymium oxide, neodymium oxide, dysprosium oxide, praseodymium oxide and neodymium oxide in rare earth oxides is 312.5 million yuan/ton, 1.91 million yuan/ton, 3.95 million yuan/ton and 3.145 million yuan/ton respectively. The price of praseodymium and neodymium alloys in rare earth alloys is 415,000 yuan per ton, and the average price of dysprosium and iron alloys is 191,000 yuan per ton.

Recent price declines in rare earth market, domestic rare earth market trading market is general, most commodity prices in the rare earth market are stable, but in the near future, prices of some products in the market have fallen, prices of dysprosium and terbium metals have fallen, prices of praseodymium and neodymium series products have been declining in the near future, supply in the market is normal, and prices of light rare earths have been moving in the near future. The situation is declining. 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 still tense. The price trend of rare earth market has slightly declined. Recently, large enterprise groups on the market are reluctant to sell. The market trend of rare earth is poor. However, major manufacturers are cautious about the pricing of products.

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. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is poor, and the trading market of the rare earth industry has declined.

Rare earth analysts from business associations expect that domestic environmental stringency will not diminish in the near future, coupled with domestic rectification of the order of the rare earth industry, Myanmar restricts exports and reduces supply, but rare earth market transactions are limited in the near future, and some prices in the rare earth market are expected to fall.