Trade name: titanium dioxide

Latest price: December 30: 20733.33 yuan / ton

Key points of analysis: on December 30, the market price of titanium dioxide in China was basically stable. Recently, titanium dioxide enterprises have successively sent letters announcing that the price of titanium dioxide will rise next month. At present, the on-site inquiry is OK, the market confidence is good, and the titanium dioxide market is mainly stable.

It is expected that the titanium dioxide market will be stable temporarily in the short term, and the market will gradually improve.

Trade name: yellow phosphorus

Latest price December 29: 41750 yuan / ton

Key points of analysis: on December 29, the focus of domestic yellow phosphorus market was downward. The overall market trading is light, the downstream is more resistant to the high price of yellow phosphorus, the overall market demand is weakened, and the market confidence is insufficient. The traders mainly wait-and-see, the inquiry is general, the downstream just needs to be the main, and take it with you. It is expected that yellow phosphorus will be put into operation in the short term.

On December 28, the rare earth index was 803 points, unchanged from yesterday, decreased by 19.70% compared with the highest point of 1000 points in the cycle (December 6, 2011), and increased by 196.31% compared with the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period since December 1, 2011).

The trend of domestic rare earth index is temporarily stable. The price of some light rare earth praseodymium and neodymium Series in China has declined, the price of praseodymium and neodymium oxide has declined by 1000 yuan / ton to 840500 yuan / ton, the price of praseodymium and neodymium oxide is 10.25 million yuan / ton, the price of praseodymium oxide is 875000 yuan / ton, the price of neodymium oxide is 920000 yuan / ton, the price of metal praseodymium is 1.14 million yuan / ton, the price of metal neodymium is 1.125 million yuan / ton, and the price of dysprosium oxide is 2905000 yuan / ton, The price of dysprosium ferroalloy is 2.9 million yuan / ton, and the price of metal dysprosium is 3.75 million yuan / ton. Some prices in the domestic light rare earth market have increased, and the recent procurement is general. The price of dysprosium in the domestic heavy rare earth market is temporarily stable, the price of terbium is maintained, and the downstream procurement is mainly on demand. Myanmar prohibits export, and it is expected that the price in the domestic rare earth market will be stable in the later stage.

Trade name: cryolite

Latest price (December 27): 7300 yuan / ton

Key points of analysis: the quotation of domestic cryolite enterprises today is the same as that of the previous working day, and the cryolite market continues to be strong. Affected by the heating in winter, the limited production inventory of enterprises is not high, and the raw material cost pressure of individual enterprises is still high, the cryolite market price is running at a high level, while the downstream demand is OK, and the market trading remains rational, which has restrained the market rise to a certain extent and held a wait-and-see attitude towards the post market insiders.

Future forecast: the cryolite market will operate stably in the short term, and pay attention to the market supply.

Summary of spot price trend of precious metals

According to the data of business agency, on December 24, the average early price of silver market was 4785 yuan / kg, an increase of 0.99% compared with the average early price of spot market price of 4738 yuan / kg last Monday (December 17); compared with the average early price of spot market price of 4653 yuan / kg in early December (December 1), an increase of 2.84%; compared with the beginning of the year (January 01), the spot price of silver was 5550 yuan / kg, a decrease of 13.78%.

On December 24, the spot market price of gold was 372.58 yuan / g, an increase of 0.80% compared with the spot market price of 369.63 yuan / g last Monday (December 17), an increase of 1.68% compared with the early average price of 366.42 yuan / g in the spot market price in early December (December 1); compared with the spot market price of 392.70 yuan / g at the beginning of the year (January 1), a decrease of 5.12%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. After the recent silver price reduction and low consolidation, it began to repair.

Price trend of precious metals and crude oil

Today’s domestic macro policy factors

The Central Bank of China today conducted a 7-day reverse repo of 10 billion yuan, with a bid winning interest rate of 2.2%, unchanged from the last time, and another 14 day reverse repo of 10 billion yuan, with a bid winning interest rate of 2.35%, unchanged from the last time. Today, another 10 billion yuan of reverse repurchase expired, with a 7-day period.

US data for November

In November, the overall PCE price index of the United States rose by 5.7% year-on-year, the same as 5.7%, the highest level since June 1982; The US core PCE price index rose 4.7% year-on-year in November, higher than the expected 4.5%, a new high since 1989.

The number of initial claims for unemployment benefits in the United States in the week to December 18 recorded 205000, which was consistent with expectations and basically the same as 206000 in the previous week.

New home sales in the United States increased by 12.4% month on month in November, reaching an annualized total of 744000 households. Although it was lower than the expected 770000 households, it was also the highest level since April this year. Meanwhile, the final value of the U.S. December University of Michigan consumer confidence index recorded 70.6, slightly higher than the expected 70.4.

Recent news:

1. Biden’s vote on the fiscal stimulus plan was postponed, concerns about the slowdown of economic growth increased, and the precious metals as a whole were still in a volatile trend.

2. The Bank of England is expected to increase interest rates.

Recent long short logic of precious metals

Recently, with the landing of taper expectation to suppress gold prices, the FOMC meeting of the Federal Reserve announced to accelerate debt reduction, and the precious metal rebounded rapidly after bottoming. The precious metal was supported by risk aversion and “boots landing” in the short term. Although the Bank of England is expected to increase interest rates, the US dollar index has dropped, and on the whole, precious metal prices have warmed slightly.

Trade name: acetic acid

Latest price (December 23): 6180 yuan / ton

Key points of analysis: the domestic acetic acid market is temporarily stable, the acetic acid enterprises start rationally, there is no pressure on inventory, the downstream market just needs to be purchased, the enterprise shipment is smooth, the overall start-up of domestic acetic acid enterprises is not high, the downstream demand is rational, the market supply and demand basically maintains a balance, and the field operators hold a wait-and-see attitude towards the future market.

Future forecast: the short-term acetic acid market will continue to be stable and wait-and-see, and pay attention to the market supply.

Domestic cobalt prices fell on December 22

According to the data monitoring of business agency, the domestic cobalt price fell on December 22, and the cobalt market fell. On December 22, the cobalt price was 485200 yuan / ton, down 0.45% from 487400 yuan / ton on December 21 of the previous trading day; The cobalt market fell on December 22.

Key points of analysis

The rise of international cobalt price slowed down, the price difference at home and abroad decreased, and the rising power of domestic cobalt price weakened; Affected by the epidemic, the transportation of cobalt raw materials in South Africa is limited, and the supply of cobalt in the city may be temporarily insufficient.

Future forecast

Under the background of high demand, insufficient supply has stimulated the sharp rise of cobalt price, the international cobalt price has stabilized, the price difference between domestic and foreign cobalt has decreased, and the upward momentum of domestic cobalt price has weakened. Recently, the domestic cobalt price has increased by nearly 70000 yuan / ton. The domestic cobalt price has risen too fast, there is a risk of decline in the domestic cobalt price, and the recent domestic cobalt price has fallen. In the long run, the production and sales of new energy vehicles are rising, the demand of cobalt market is still strong, the rising power of cobalt market is large, and the cobalt price is expected to rise in the future.

On December 21, the rare earth index was 803 points, an increase of 1 point compared with yesterday, a decrease of 19.70% compared with the highest point of 1000 points in the cycle (December 6, 2011), and an increase of 196.31% compared with the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period since December 1, 2011).

The trend of domestic rare earth index rose, and the price of domestic light rare earth praseodymium neodymium series rose. The price of praseodymium neodymium oxide fell by 2000 yuan / ton to 845500 yuan / ton, the price of praseodymium neodymium metal was 10.25 million yuan / ton, the price of praseodymium oxide was 875000 yuan / ton, the price of neodymium oxide increased by 10000 yuan / ton to 920000 yuan / ton, the price of metal praseodymium was 1.14 million yuan / ton, and the price of metal neodymium was 1.125 million yuan / ton, The price of dysprosium oxide is 2.915 million yuan / ton, the price of dysprosium ferroalloy is 2.9 million yuan / ton, and the price of metal dysprosium is 3.78 million yuan / ton. Some prices in the domestic light rare earth market have increased, and the recent procurement is general. The price of dysprosium system in the domestic heavy rare earth market is temporarily stable, the price of terbium system is maintained, and the downstream purchase is based on demand. Myanmar prohibits export. It is expected that the price of domestic rare earth market will be stable in the later stage.

Trade name: isooctanol

Latest price (December 20): 9666.67 yuan / ton

On December 20, the ex factory quotation of isooctanol in Shandong fell slightly, down 233.33 yuan / ton, or 2.36%, compared with the quotation on December 17, and 14.71% year-on-year compared with the same period last year. The upstream propylene market fell slightly and the cost support weakened. The downstream DOP market fell slightly, and downstream customers were generally enthusiastic about purchasing isooctanol.

Recently, the ex factory price of isooctanol in Shandong may fluctuate slightly: the manufacturer’s quotation is about 9000 yuan / ton.

1、 Price trend

According to the price monitoring of business society, on December 17, the average price of salicylic acid (industrial grade) mainstream manufacturers was 16700 yuan / ton, an increase of 0.2% compared with the beginning of the week and 19.82% compared with the same period last year.

2、 Market analysis

The salicylic acid market has been stable for the time being this week, and the market is generally stable. A few enterprises have increased slightly by about 500 yuan / ton, and large orders have made some profits. Recently, the market continues to be stable, the price of raw phenol is stable, and the market offer is large, stable and small. The negotiation reference is 9050-9100 yuan / ton. The cost side support is acceptable, the downstream demand is good, the trading is active, the enterprise has little shipping pressure, and the focus moves up slightly. Up to now, the quotation of domestic salicylic acid industrial enterprises is mostly in the range of 14900-19200 yuan / ton, the quotation of pharmaceutical grade is mostly in the range of 24000-27000 yuan / ton, and the quotation of sublimation grade is mostly in the range of 19500-23000 yuan / ton.

In terms of raw materials, the transactions in the East China market in the domestic mainstream region are general, with little change in fundamentals. The market offer is large, stable and small, and the negotiation reference is 9050-9100 yuan / ton. The market negotiation atmosphere is relatively flat, but the shipment pressure of East China’s cargo carriers is not large. First, the port inventory pressure is not large, and the domestic Factory Yangzhou Shiyou plant is shut down for maintenance, and the cargo carriers operate at a high price. However, the enthusiasm of downstream inquiry is general, just need to submit an offer, and the trading follow-up is limited.

3、 Future forecast

The salicylic acid analyst of business agency believes that there is support for the current cost, coupled with the start of downstream goods preparation at the end of the year, the demand gradually increases, boosting the market atmosphere, and the salicylic acid market is expected to rise steadily.