The price of orthobenzene rose this week

As can be seen from the price trend chart of orthobenzene in business society, the price of orthobenzene rose this week. As of January 17, the price of orthobenzene was 6800 yuan / ton, up 3.03% from 6600 yuan / ton on January 10. The upstream and downstream support was strong, and the market of orthobenzene industrial chain rose.

The price of raw material mixed xylene fluctuated and rose

According to the trend chart of mixed xylene in business society, the price of mixed xylene rose by 2.28% this week. Affected by the rise of crude oil price, the price of mixed xylene fluctuated and rose. The cost of o-xylene increases, and the driving force of o-xylene increases.

Downstream phthalic anhydride prices rise

It can be seen from the phthalic anhydride price trend chart of business society that the phthalic anhydride price rose this week and the phthalic anhydride market recovered. Since mid December, the price of phthalic anhydride has fluctuated all the way. The downstream market recovered, the demand for o-xylene increased, and the driving force for the rise of o-xylene increased.

Outlook

Affected by the sharp rise in crude oil price, the price of raw material mixed xylene fluctuated and the price of downstream phthalic anhydride fluctuated and rose. Overall, the cost of o-xylene is rising, the demand is good, and the driving force of o-xylene rise is increased. It is expected that the price of o-xylene will be strongly adjusted in the future.

After returning from the new year’s Day holiday in 2022, there was a temporary shortage of spot goods, and manufacturers successively raised their quotation. On January 5, it was basically raised to about 12500 yuan / ton, with limited signing. This week (January 10-14), mainstream manufacturers raised again slightly to about 12800 yuan / ton, continuing the limited signing status, but lack of spot, so it is difficult to actually clinch a deal. The Spring Festival is approaching, and the downstream goods are prepared after the Spring Festival. The follow-up is mainly collection and delivery. In a comprehensive view, the price increase kinetic energy of viscose staple fiber is insufficient, or it may encounter resistance level temporarily.

According to the price monitoring of business society, as of January 14, 2022, the domestic ex factory quotation of 1.2D * 38mm viscose staple fiber was 12720 yuan / ton, an increase of 320 yuan / ton compared with last Friday and about 540 yuan / ton compared with new year’s day, an increase of 4.43%.

Downstream cotton yarn Market

The downstream man-made cotton yarn has not been affected by the upward movement of viscose staple fiber quotation, and the price and quantity are stable. As of January 14, 2022, the ex factory average price of man-made cotton yarn (30s, ring spinning, first-class products) is 18266 yuan / ton. The downstream terminal is mainly prepared before the festival, and the overall atmosphere is calm.

Future forecast

The recent price rise of viscose staple fiber is insufficient, and it is afraid to encounter a resistance level of 13000 yuan / ton. Downstream goods have been prepared after the Spring Festival, and the follow-up is mainly collection and delivery. With the Spring Festival approaching, logistics in some areas may have a holiday. It is expected that the viscose staple fiber market will stabilize in the later stage.

On the 13th, the overall market of domestic liquid ammonia was stable and small. The prices in the main production areas of Shandong, Hebei, southwest and two lakes did not change much, with a rise and fall range of about 50 yuan. At present, the market supply and demand is balanced, the downstream just needs to purchase, and the manufacturer mainly supports the price stably.

This week, the price of liquid ammonia in Shandong changed little. Today, the manufacturer’s quotation rose and fell, but the range was small. Within 50 yuan, the manufacturer shipped normally and the inventory pressure was relieved. At present, the market demand is acceptable, the dealer’s offer price has little change compared with that before the festival, the downstream procurement is normal, and the market inventory continues to go. Today, the mainstream price in the region is 4000-4200 yuan / ton. The market is expected to operate steadily in the near future.

The price of liquid ammonia in Hebei is stable, most manufacturers report stable, the market price changes little, and the dealers mainly report flat. At present, the market supply and demand is basically balanced, the manufacturers have a strong price mentality, the dealers’ offer is generally strong, the downstream demand rebounds slightly, and the market inventory continues to go. Today, the mainstream price in the region is 4150-4300 yuan / ton. The market is expected to fluctuate slightly in the near future.

Future forecast: recent price shocks, limited market benefits, basic balance of short-term supply and demand, mainly expected shocks.

1、 Price trend

 
Latest price (January 12): 8260 yuan / ton

Key points of analysis: according to the data monitoring chart of the business agency, the average domestic spot price of pvcc5 was 8260 yuan / ton on January 12, down 0.12% from the previous day. The enterprise quotation rose and fell. On the whole, the price remained in the range of 8000-8550 yuan / ton, and the price adjustment was little. At present, the price of raw materials has fallen slightly to around 4550 yuan / ton, the cost support has declined, the demand side is weak, the enterprise inventory has increased, and the market transaction is tepid.

PVC is expected to continue to maintain a weak trend.

On January 11, the rare earth index was 851 points, up 5 points from yesterday, down 14.90% from the highest point of 1000 points in the cycle (December 6, 2011), and up 214.02% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now)

The trend of domestic rare earth index is rising. The price of domestic light rare earth praseodymium neodymium series continues to rise. The price of praseodymium neodymium oxide is 900000 yuan / ton, the price of praseodymium neodymium metal is 1095000 yuan / ton, the price of praseodymium oxide is 915000 yuan / ton, the price of neodymium oxide is 20000 yuan / ton to 1.02 million yuan / ton, the price of metal praseodymium is 1170000 yuan / ton, and the price of metal neodymium is 10000 yuan / ton to 1.24 million yuan / ton, The price of dysprosium oxide increased by 30000 yuan / ton to 3 million yuan / ton, the price of dysprosium ferroalloy increased by 10000 yuan / ton to 2.97 million yuan / ton, the price of metal dysprosium increased by 50000 yuan / ton to 3.8 million yuan / ton, the price of domestic light rare earth market continued to rise, the recent procurement was general, the price of dysprosium in domestic heavy rare earth market increased, the price of terbium increased slightly, the downstream procurement was mainly on demand, and Myanmar banned export, It is expected that the domestic rare earth market price will continue to rise in the later period.

Trade name: hydrochloric acid

Latest price (January 10): 324.00 yuan / ton

On January 10, the domestic hydrochloric acid market price was temporarily stable, which was the same as the quotation on January 7, with a year-on-year increase of 85.14% compared with the same period last year. The upstream liquid chlorine market is general, the support for hydrochloric acid is insufficient, the downstream polyaluminium chloride and ammonium chloride market decline slightly, and the downstream purchase intention is weakened.

Recently, the domestic hydrochloric acid market price may fluctuate slightly, and the average quotation price is about 300 yuan / ton.

1、 Trend analysis

As shown in the figure above, copper prices rose first and then fell this week. As of the end of this week, the spot copper quotation was 69820 yuan / ton, down 0.01% from 69826.67 yuan / ton at the beginning of the week, up 17.64% year-on-year.

Copper weekly rise and fall chart

According to the weekly rise and fall chart of business society, it has increased by 5 and decreased by 7 in the past three months, with a slight increase recently.

Macro aspect: the week before the new year’s Day festival, the problem of energy in Europe was fermented, the natural gas prices in many European countries continued to soar, the high electricity price caused concerns about supply interruption, and the rise of non-ferrous metals. The interest rate meeting of the Federal Reserve landed and the short-term bad was exhausted.

Supply and demand: downstream power and production restrictions are over, mostly to digest early orders. In November, the operating rate of copper cable rose back to 85.55%, with a month on month increase of 5.10 percentage points, reaching a new high in the year, and the year-on-year decline also narrowed. It is expected that the operating rate of cable will decline again in December. The current copper inventory remains low, but the downstream consumption has entered the off-season, and the willingness to receive goods is not high. The TC of cspt in the first quarter was higher than that of changxiehe spot, and the domestic supply and demand tended to be loose. At present, the domestic inventory is expected to accumulate.

To sum up: low short-term inventory supports copper prices. However, it is difficult for copper prices to rise sharply in the off-season. It is expected that the short-term copper price is still mainly volatile.

Product Name: propylene glycol

Latest price (January 6): 16033 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, on January 6, the domestic propylene glycol market moved downward slightly, and the average ex factory price of propylene glycol was 16033 yuan / ton. Compared with the previous working day, the average price was reduced by 100 yuan / ton, a single day decrease of 0.62%. On June 6, the trading atmosphere in the domestic propylene glycol market was cold, and the wait-and-see atmosphere in the downstream was getting stronger. It was mainly purchased on demand, and the overall new single increment was limited.

Future forecast: at present, the support of propylene glycol market effect is weak. The propylene glycol data division of business society believes that in the short term, the propylene glycol market will mostly focus on weak operation, and the specific trend needs to pay more attention to the follow-up of downstream demand.

According to the monitoring of business society, the market price trend of domestic phthalic anhydride was temporarily stable. As of the 5th, the quotation of phthalic anhydride was 7175 yuan / ton. The spot supply on the site was normal and the sales situation was acceptable.

The price trend of domestic phthalic anhydride market is temporarily stable, the delivery of phthalic anhydride market is normal, the recent downstream demand changes little, the price trend of upstream orthobenzene rises, the plasticizer market rises, the spot supply of phthalic anhydride in the field is normal, and the market price of phthalic anhydride is temporarily stable. There is little change in the operation of domestic phthalic anhydride manufacturers. The operation rate of phthalic anhydride on the site is less than 60%. The domestic spot supply of phthalic anhydride is normal, the market price trend is rising, the downstream plasticizer industry is improving, and the actual transaction is normal. The market price of phthalic anhydride in East China is mainly rising, and the high-end transactions in the venue are limited. The mainstream of adjacent France source negotiation in East China is 7100-7300 yuan / ton, and the mainstream of naphthalene method source negotiation is 6900-7000 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 7100-7300 yuan / ton. The wait-and-see mentality of phthalic anhydride still exists in the field. The downstream is mainly purchased on demand. The plasticizer market has improved recently, and the market price of phthalic anhydride is expected to rise slightly in the later stage.

Trade name: caprolactam

Latest price: 13800 yuan / ton

Key points of analysis: the price of caprolactam was stable on January 4, which was flat compared with the previous trading day. Today, the trend of domestic pure benzene is strong. The price of domestic pure benzene is 7250-7400 yuan / ton. At present, caprolactam cost support is good, and the confidence in the field has increased greatly. Sinopec quoted 14200 yuan / ton for liquid caprolactam.

Future forecast: the price of caprolactam will rise strongly in the short term.