1、 Trend analysis

 

Polyglutamic acid

According to the nickel price monitoring of the Business Agency, the nickel price fell slightly in January, from 240400 yuan/ton at the beginning of the month to 229616.67 yuan/ton at the end of the month. The overall decline was 4.49%, up 35.23% year on year.

 

Macroscopically, the US CPI data continued to decline, the pace of interest rate increase slowed and the expectation was strengthened, the global liquidity environment was marginally improved, and China’s economic outlook was optimistic to drive the recovery of domestic demand.

 

In terms of supply: in terms of nickel ore, the Philippine rainy season continues to disturb the supply, and the ore price is relatively firm; In terms of ferronickel, the market supply and demand are weak, and the iron price is running smoothly. However, on the news, Indonesia will restrict the construction of nickel smelters and guide the development of new plants to high-value-added products. However, it has not been disclosed whether it will affect the ferronickel plants with existing construction plans.

 

Demand: stainless steel inventory has reached a new high. The market expects that the peak season after the holiday will have a positive effect on the stock removal. The downstream prospect is optimistic and the nickel price is positive. However, it is necessary to pay attention to whether stainless steel can really usher in the peak season.

 

To sum up: domestic policies are favorable frequently, the market has strong expectations for future economic recovery, and the demand outlook has been boosted. The production resumed after the holiday, and the demand is expected to increase. It is expected that the nickel price will fluctuate and strengthen in February.

http://www.polyglutamicacid.com

Price trend

 

According to the monitoring of Business News Agency, the average price of activated carbon at the beginning of 2022 was 9866 yuan/ton, and the average price of activated carbon at the end of 2022 was 10766 yuan/ton, with a price increase of 9.12%.

 

quotations analysis

 

Activated carbon

 

The annual price of activated carbon in 2022 is mainly in the upward trend of shock. According to the chart of the rise and fall of the month of 2022, it can be seen that the largest increase in the year is in March, with an increase of 1.99%. The largest decline in the year was in October, with a decline of 1.23%.

 

K-column diagram of activated carbon month

 

Phase I

 

From January to July, the price of domestic activated carbon rose slightly, and the ex-factory price of activated carbon for water purification of coconut shell in East China was between 9500-12000 yuan/ton; Due to the improvement of market logistics and transportation restrictions, most dealers are optimistic, and some terminal merchants enter the market to replenish the goods, and the market quotation is firm.

 

Phase II

 

Polyglutamic acid

From August to December, the domestic activated carbon market was light, most of the manufacturers’ quotations were stable, and some of them were fine-tuned. The dealers were mainly wait-and-see, the terminal demand orders were limited, the terminal replenishment sentiment was general, and the market was mainly filled by distributors.

 

Analysis of factors affecting the price of activated carbon – import and export data

 

In the first half of 2022, Japan accounted for the largest proportion of China’s activated carbon imports, with the import amount of 22.52 million US dollars, followed by the United States, with the import amount of 21.52 million US dollars. In the first half of 2022, compared with the whole year of 2021, Japan’s import pattern, although accounting for the largest proportion, has declined compared with the previous year, and the United States has also dropped from 27% in 2021 to 23% in the first half of 2022.

 

According to China’s customs data, in the first half of 2022, China’s active carbon imports were mainly concentrated in Shanghai, Jiangsu Province, Beijing Province, Guangdong Province and other places, with the import amount of US $35.64 million, US $26.31 million, US $8.5 million and US $9.98 million respectively.

 

In the first half of 2022, China’s active carbon export regions are mainly concentrated in Shanxi, Fujian, Tianjin, Zhejiang, Jiangxi and other places, with export amounts of 87.8 million US dollars, 33.71 million US dollars, 30.33 million US dollars, 18.99 million US dollars and 17.88 million US dollars respectively.

 

Aftermarket forecast

 

Market output: In 2022, the global market output of activated carbon will increase to about 3.65 million tons, and the market growth rate will reach about 10.27%.

 

Demand side: activated carbon is a sharp tool for environmental protection. In recent years, with the intensification of industrial pollution in China and the rapid increase of domestic demand for activated carbon, China has become one of the main consumption areas of activated carbon in the world, and is the second largest active carbon consumer in the world after the United States.

 

To sum up, with the continuous improvement of people’s living standards, the requirements for food and drinking water and other environments are also continuously increasing, so the market demand for activated carbon is gradually expanding, and the industry capacity is rapidly increasing. It is expected that the price of activated carbon will be mainly in a strong trend in 2023.

http://www.polyglutamicacid.com

According to the monitoring data of Business News Agency, as of January 13, the average price of propylene oxide enterprises was 9150.00 yuan/ton, up 0.73% from Monday’s price.

 

Polyglutamic acid

The epoxy propane market rose slightly this week. Recently, the price of raw material propylene rose, and the cost support increased. At the beginning of the week, part of the initial inventory was digested, the supply side was pressureless, and the downstream volume was followed up. The market atmosphere warmed up, and the focus of epoxy propane negotiation moved up. With the factory shipments weakened, the market price stabilized. On the 13th, the mainstream price of epoxy propane market in Shandong was around 9000-9100 yuan/ton.

 

Upstream propylene, according to the data monitoring of Business News Agency, the domestic propylene (Shandong) market has risen slightly recently. On January 12, the reference price of propylene was 7282.60, up 0.52% compared with January 1 (7244.60).

 

The epoxy propane analyst of the business agency believes that there is some support on the cost side at present, there is no pressure on the supply side for the time being, and the downstream purchasing sentiment has weakened. It is expected that in the short term, the epoxy propane market will probably stagnate, and more attention should be paid to the market news guidance.

http://www.polyglutamicacid.com

Price trend

 

Polyglutamic acid

According to the price monitoring of the Business Agency, the price trend of cryolite in Henan Province was stable in the first ten days of January. On January 10, the average market price in Henan Province was 7950 yuan/ton, which remained unchanged compared with the average price at the beginning of the month, and remained the same month on month.

 

quotations analysis

 

In the first ten days of January, the market situation of cryolite was dominated by wait-and-see. The quotation of cryolite enterprises was stable, the upstream construction was low due to environmental protection and safety impact, the supply of raw materials was tight, the price of fuel was high, the production of cryolite enterprises was under pressure, the enterprise inventory was tight, the price of cryolite was high, and the downstream purchasing enthusiasm was general, followed up as needed, and the shipment of cryolite enterprises was acceptable, As of January 10, the ex-factory price of cryolite in Shandong is 7900-8600 yuan/ton, and the ex-factory price of cryolite in Henan is 7500-9300 yuan/ton.

 

The price trend of fluorite in the upstream has declined. As of January 10, the average market price was about 3175 yuan/ton, a decrease of 3.79% compared with the price of 3300 yuan/ton at the beginning of the month. The operating rate at the supply side has not changed much. The mining plant is still under construction due to safety and environmental protection requirements. The fluorite raw material is tight. The market price of hydrofluoric acid in the downstream side has dropped sharply. The enthusiasm for fluorite procurement has weakened. There are not many new orders in the market. The fluorite is not in good stock, and the spot performance is sufficient, Market prices fell.

 

In the first ten days of January, the downstream aluminum market fell first and then rose. On January 10, the aluminum price was about 18016.67 yuan/ton, down 3.64% from 18696.67 yuan/ton at the beginning of the month. Influenced by seasonal factors, the operating rate of downstream enterprises is not high, the demand follow-up is weak, the aluminum ingot at the supply end has a periodic accumulation, and the domestic electrolytic aluminum output has increased year on year, the market performance is oversupply, and the aluminum price is weak.

 

Aftermarket forecast

 

At present, the influence factors of cryolite raw material end continue to exist, the cryolite cost support is strong, the supply side enterprise inventory is tight, the operators are wait-and-see operation, the downstream follow up on demand, the market supply and demand performance is relatively balanced, and the short-term cryolite market is expected to remain stable.

http://www.polyglutamicacid.com

Zinc price fell after the holiday

 

Polyglutamic acid

According to the data monitoring of Business News Agency, the zinc price was 23426 yuan/ton as of January 8, down 2.29% from 23974 yuan/ton on January 1 at the beginning of the month. Zinc market demand was poor, and zinc prices fell after New Year’s Day.

 

International market

 

The Federal Reserve released the minutes of the hawkish meeting, which showed that the Federal Reserve was worried that the market was too optimistic and the interest rate might be higher than expected. The Federal Reserve Bill Committee supports raising interest rates to 5.4%, higher than the expected peak of the Federal Reserve in December. ISM manufacturing fell to 48.4 in December, shrinking for the second consecutive month. The US dollar index rebounded sharply, hitting a four-week high, while the US stock index fell, and the market risk appetite was still not optimistic. On the industrial side, the energy support in the international market has weakened, but there is still a floor support under the low inventory. The zinc price is not strong enough. This week, the price of Lunzhou zinc dropped slightly.

 

Domestic market

 

The domestic economic data rebounded, the government increased the economic stimulus, the infrastructure improved, increased the support for the real estate policy, and adjusted the epidemic control policy, but the macroeconomic sentiment fell. Affected by the factors such as the consumption off-season, the approaching of the Spring Festival holiday and the peak of infection in the south, the employment shortage of enterprises took advantage of the situation to take a holiday, the enterprise’s operating rate continued to fall, and the consumption was exhausted. The peak of infection in some regions has not yet passed, and some enterprises have started to take holidays one after another, and the overall operating rate has declined. Before the holiday, the stock of raw materials in the enterprise increased. Overall, the short-term macroeconomic weakness remains weak, and the demand for long-term economic recovery is expected to increase.

 

Aftermarket forecast

 

According to the data analyst of the Business News Agency, the recent macroeconomic weakness is still weak, the demand for zinc is poor, and the downward pressure of zinc price is high. It is expected that the short-term zinc price will fluctuate and fall. In the long run, with the macroeconomic recovery, the zinc market will be supported by the rise, and the long-term zinc price may rebound from the bottom.

http://www.polyglutamicacid.com

1、 Price trend

 

Polyglutamic acid

It can be seen from the above figure that the domestic market of imported potassium chloride this week is temporarily stable, with the price of 3850.00 yuan/ton. The arrival price of domestic salt lake potassium chloride this week is 3500-3600 yuan/ton. The commodity index of potassium chloride (import) on January 8 was 101.32, which was the same as yesterday, down 30.00% from the highest point of 144.74 (2022-06-21) in the cycle, and up 4.77% from the lowest point of 96.71 on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

 

2、 Market analysis

 

This week, the quotation of domestic potassium chloride mainstream manufacturers is temporarily stable: the arrival price of 60% potassium chloride in Qinghai Salt Lake is 3500-3600 yuan/ton. Xiangyang Youdeshi offered 3800 yuan/ton of potassium chloride at the end of this week, which was temporarily stable compared with last weekend. Zibo Dehe offered 4000 yuan/ton for potassium chloride distribution at the end of this week, which was temporarily stable compared with that at the end of last week. At the end of this week, Anhui Badou offered 3750 yuan/ton of potassium chloride, which was temporarily stable compared with last weekend. The port’s 62% white potassium self-raised price is about 3700-3800 yuan/ton. The self-raised price of 60% Dahong granules at the port is about 3800-4000 yuan/ton. 62% of Russian white potassium in border trade is about 3500 yuan/ton.

 

From the perspective of the downstream market of potassium chloride, the ex-factory price of potassium carbonate was low this week, and the price was 9100.00 yuan/ton, up 11.89% year-on-year. This week, the ex-factory price of potassium nitrate consolidated at a low level, with a price of 5925.00 yuan/ton, up 1.59% year-on-year. On the whole, the downstream market of potassium chloride is low and the demand of downstream customers for potassium chloride is weakened.

 

3、 Aftermarket forecast

 

In the middle and late January, the overall trend of potassium chloride market may fall in a narrow range, mainly in consolidation. The prices of potassium chloride in salt lakes and Zangger were low. The downstream market of potassium chloride is low, and the downstream demand is weakened, and the purchase is mainly in demand. International potash fertilizer prices continued to fall. Analysts of KCl from the Business Agency believe that the import price of domestic KCl may fall slightly in the short term.

http://www.polyglutamicacid.com

According to the monitoring data of the business community, as of January 6, 2023, the reference price of the domestic silicone DMC market is 16580 yuan/ton, which is 40 yuan/ton higher than that of January 3, 2023 (16540 yuan/ton).

 

It can be seen from the data monitoring chart of the business community that the domestic silicone DMC market rose slightly in the first week after the festival. At the beginning of the week, the domestic silicone DMC market was operating steadily as a whole. The quotation of Shandong Dachang’s silicone DMC was the same as that before the festival. Other factories also kept their prices stable. The silicone DMC market was relatively quiet. In the middle of the week, some silicone DMC dealers in Shandong Province slightly raised the price of silicone DMC to stimulate the market, by about 100 yuan/ton, and the market gave a general reversal. As of January 6, 2023, the domestic silicone DMC market price is around 16300-17000 yuan/ton.

 

Prediction of the future trend of silicone DMC market

 

At present, as the Spring Festival approaches, logistics and transportation have been shut down in succession. The trading atmosphere in the silicone DMC market is tepid, and downstream demand is generally boosted. Some silicone DMC factories may still have some supply pressure. The silicone DMC data analyst of the business community believes that in the short term, the domestic silicone DMC market will mainly adjust its operation in a narrow range, and more attention should be paid to the changes in supply and demand after the specific trend.

http://www.polyglutamicacid.com

After returning from the New Year’s holiday, the market participation was relatively low. Sinopec’s latest price in East China was 7500 yuan/ton, and the major mainstream markets dropped 50-100 yuan/ton, including 7450 yuan/ton in the East China market, 7600-7630 yuan/ton in the markets around Yanshan and Shandong, and 7550 yuan/ton in the South China market.

 

Polyglutamic acid

On the demand side, the serious shortage of terminal demand is an important reason for the decline of the phenol market. The lack of buying interest in the market at the terminal, and the middle traders are more wait-and-see. Under the pressure of shipment by the holders, they try to underreport. Although the traders are willing to make profits, they still need small orders for replenishment in the downstream.

 

From the supply side, the operating rate of the enterprise industry is stable, and the product supply has not changed much. In addition, Sinopec’s latest order price in East China is 7500 yuan/ton, which has slightly lowered the negative market. The traders have made significant profit concessions. The market negotiation atmosphere is light, and the middlemen have not actively participated. The market trading atmosphere is slightly quiet. It is expected that the weak phenol market will bottom out this week, and the negotiation price in East China will be 7450-7500 yuan/ton.

 

On January 4, phenol offers in various markets across the country were as follows:

 

Region/ Quotation/ Daily rise and fall

East China/ 7450./ -50

Shandong/ 7600./ -100

The surrounding area of Yanshan/ 7650./ -50

South China/ 7550./ -50

http://www.polyglutamicacid.com

This week (12.23-12.30), acrylonitrile market was weak and consolidated. According to the data monitoring of the business community, the bulk water price in the acrylonitrile market was 9625 yuan/ton as of December 30, a slight drop of 0.16% compared with 9640 yuan/ton last Friday. At the end of the month, some manufacturers issued settlement prices, which were about 1600 yuan/ton lower than that in November. At present, the self lifting price of acrylonitrile is 9500~10200 yuan/ton.

Polyglutamic acid

 

This week (12.23-12.30), the raw propylene market declined slightly, and the cost of acrylonitrile declined slightly. According to the monitoring of the business community, as of December 30, the domestic propylene price was 7244 yuan/ton, down 1.82% from 7378 yuan/ton last Friday. In late December, due to the impact of domestic public security events, transportation and manpower were affected, and the offer of propylene continued to fall.

 

This week, the load of the downstream ABS industry was basically stable, and the supply pressure of enterprises remained and the factory price was under pressure. Acrylic fiber, butyronitrile and other enterprises started to work stably, and their demand for acrylonitrile was just in need of support, but the increase was not obvious.

 

Future forecast: acrylonitrile analysts from the business community believe that the cost of acrylonitrile has dropped slightly at present, and there is no significant increase in downstream demand, but the pressure on the supply side has eased slightly. It is expected that the acrylonitrile market will be consolidated in a narrow range in the future.

http://www.polyglutamicacid.com