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On November 8, the price of silicon metal (441#) continued to fall

441# silicon price trend

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Market analysis

China Silicon branch pointed out that due to the backlog of some inventories at the downstream component end, the reduction at the demand end is slightly greater than that at the supply end. Therefore, the current situation of supply and demand in the silicon material market has changed from short supply to tight balance, and the market price is mainly stable and wait-and-see.

On August 8, 44# metal silicon prices weakened, with an average price of 30250 yuan / ton in the domestic market. The dry season in Sichuan, the main production area, is approaching, and Xinjiang is subject to power rationing and production reduction. Superimposed on the weak metal silicon market, silicon prices continue to weaken. The weakening demand is due to the strong bearish sentiment of downstream aluminum alloy enterprises, mainly on the sidelines, the limited power of polysilicon and other factors, and the output only remains weak and stable. According to the data of business agency, China’s polysilicon output was 40400 tons in October, a month on month decrease of 3%.

Future forecast

Business analysts believe that metal silicon prices continue to fall in the short term.

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The demand has cooled down and PA66 operates weakly and stably

Price trend

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According to the bulk list data of business society, the domestic PA66 market was weak and stable in early November, and the spot prices of individual brands decreased. As of November 4, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 40000 yuan / ton, up or down 0% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, adipic acid price has remained stable recently. The price of raw material pure benzene stabilized after falling, and the cost support is still general. In terms of demand, downstream procurement slowed down and dealer prices loosened slightly. Adiponitrile has not improved much. The capacity loss claimed by large international manufacturers in the medium and long term is still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 production loads are forced to operate at a low level.

The price of raw materials, especially adiponitrile, is high, and the cost side support of PA66 is acceptable. The operating rate of the industry is affected by the shortage of adiponitrile. Except Zhejiang Huafeng, the operating rate of PA66 enterprises decreases. In terms of imported materials, at present, the arrival at each port is still small, and the inventory position is not high. In terms of the demand of terminal enterprises, due to the end of the traditional peak season, the demand has gradually weakened, the seller’s mentality has become loose, and the offer has been reduced from high to low.

Future forecast

Business analysts believe that the spot price of PA66 operated weakly and stably in early November, but it is still high. The end price of raw materials is high and stable, and the shortage of adiponitrile has not been improved. Due to the lack of raw materials, the overall load of the polymerization plant is low, and the spot supply side is favorable. In terms of demand, the purchase operation of downstream factories is mainly just demand, the on-site trading volume is weak, the buyers are more resistant to the high offer, and the wait-and-see atmosphere is strong. It is expected that PA66 may still fall in a narrow range in the near future.

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The cost support is weak, and the market price of formaldehyde in Shandong falls

According to the bulk commodity list data of business society, the market price of formaldehyde in Shandong fell. On the 1st, the average price of formaldehyde in Shandong was 1667.67 yuan / ton, on the 3rd, the average price of formaldehyde in Shandong was 1650.00 yuan / ton, down 1.00%, the current price fell 1.59% month on month, and the current price rose 54.69% year-on-year.

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Shandong Linyi methanol received the local offer price of 3100 yuan / ton and delivered to spot exchange. There is no logistics offer for the time being. Methanol was mainly downward in short-term shock. Poor support. The demand of downstream plate factories was general, the procurement maintained rigid demand, and the formaldehyde market fell.

Recently, the raw material methanol market is poor and the cost support is weak. Therefore, the formaldehyde analyst of the chemical branch of the business society expects that the recent decline in the price of formaldehyde in Shandong is mainly below.

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Chloroform prices rose sharply in October

In October, supported by the sharp rise in raw materials, the domestic market price of chloroform rose sharply. According to the monitoring of business agency, the price of chloroform in Shandong was 4187 yuan / ton at the beginning of September and 6200 yuan / ton at the end of September, an increase of 48.06% compared with the beginning of the month.

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List of commencement of domestic methane chloride plant in October

In October, the prices of raw materials methanol and liquid chlorine rose first and then fell, with strong support in the early stage and weak support in the later stage. According to the business agency, as of October 31, the price of methanol was 3350 yuan / ton, down 7.27% from 3612 yuan / ton at the beginning of the month; The mainstream ex factory price of liquid chlorine in tank cars in Shandong is about 2000 yuan / ton, up 17.65% from 1700 yuan / ton at the beginning of the month and down 51.22% from the highest point of 4100 yuan / ton in the month.

Future forecast: according to the chloroform analyst of business agency, the start-up of methane chloride unit in October is slightly higher than that in September, but the start-up of the industry is still not high, and there is no pressure on the supply side of chloroform. At present, methanol and liquid chlorine are rising and falling, and the cost support is weak; Overall, chloroform may fall slightly in the short term.

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The downstream demand was weak, and the price trend of natural rubber first rose and then fell in October

According to the commodity index system of business society, the natural rubber commodity index on October 31 was 40.70, the same as yesterday, down 59.30% from the highest point of 100.00 in the cycle (2011-09-01), and up 49.19% from the lowest point of 27.28 on April 2, 2020. (Note: the period refers to the period from September 1, 2011 to now)

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Figure 2: mainstream price trend of natural rubber in October 2021

Figure 3: Weekly K-line chart of natural rubber mainstream price in October 2021

Data monitoring shows that in October 2021, the price of domestic natural rubber in China continued to fluctuate and rise, and turned downward near the end of the month. On the 1st, the mainstream price was about 13184.17 yuan / ton, and on the 30th, the mainstream price was about 13723.23 yuan / ton, with a monthly increase of 4.09%; Among them, the monthly highest price appeared at 14291.67 yuan / ton on the 19th, and the lowest price was 13184.17 yuan / ton during the national day, with a maximum amplitude of 8.4% in the month.

New rubber output: there were frequent reports of floods in Southeast Asia, especially in Thailand, India and other major producing countries this month. The rainy production area affected rubber output and the price of raw rubber increased; In China’s domestic area, according to the introduction of local traders, there is a shortage of raw rubber, and rubber cutting will be stopped in mid and late November. From the supply side, the market has strong market expectations for La Nina this winter.

Demand: in terms of tires, the data show that the operating load of all steel tires of tire enterprises in Shandong last week (25-29) was 60.52%, down 14.8% from the same period last year; The operating load of semi steel tires of domestic tire enterprises was 55.86%, down 14.95% compared with the same period last year; The soaring price of raw materials has led to the rising cost of tire enterprises. It is reported that due to factors such as poor sales in domestic and foreign markets and the sharp rise of manufacturing raw materials, the profits of domestic tire enterprises generally fell sharply in the third quarter. At present, more than 80 tire enterprises, including foreign tires, have announced the implementation of new price policies in October, and the price increase may continue, The tire price rise tide in the fourth quarter may reach its peak.

In terms of automobile: the operating rate of automobile manufacturers continues to be low due to chip shortage, power and production restriction and other factors, the spot inventory is small, and the sales naturally can not go up. The demand for raw material procurement is greatly affected, which directly leads to the high inventory pressure of finished tire products, the tire enterprises control the output, and the operating rate continues to decline; According to the preliminary data of the first commercial vehicle network, in October this year, China’s heavy truck market is expected to sell about 53000 models (billing caliber), a month on month decrease of 10% and a year-on-year decrease of 61.5%, which is the second lowest monthly sales since this year, only slightly higher than the “bottom” sales in August (51300 vehicles), a decrease of about 84000 vehicles compared with the same period last year. October is also the sixth decline in the heavy truck industry this year, and it has fallen for six consecutive months since May. Data show that from January to October, the cumulative sales volume of China’s heavy truck market was about 1286000, a year-on-year decrease of 6.4%, an increase of 6.1 percentage points compared with the 0.3% decline from January to September.

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In terms of inventory: as of October 29, the inventory of natural rubber in the previous period was 285213 tons (+ 15818 tons), the quantity of futures warehouse receipts was 220320 tons (+ 8360 tons), the domestic delivery inventory increased, and the monthly increment increased significantly; The energy inventory in the previous period was 40437 tons (+ 4638 tons) of No. 20 glue and 28910 tons (+ 1412 tons) of futures warehouse receipts. The inventory also increased significantly. In Qingdao, although the social inventory of natural rubber is still low, it has increased slightly. The amount of rubber delayed in the early stage has arrived in Hong Kong one after another.

Import and export: according to the data of the General Administration of customs, China imported 620000 tons of natural and synthetic rubber (including latex) in September 2021, a year-on-year decrease of 28.9%; From January to September 2021, China imported 4.96 million tons of natural and synthetic rubber (including latex), and the cumulative import volume from January to August decreased by 7.6% year-on-year.

Figure 4: tire enterprises intensively issue price increase notices

Hot spots in the industry: affected by the increasing tire manufacturing costs caused by the continuous rise of raw material prices, the sharp rise of freight and the decline of enterprise production capacity caused by power and production restrictions, many tire enterprises intensively issued tire price increase notices. For example, the price of all steel and semi steel of Linglong tire will be increased by 3% – 5% from October 1; From October 11, the price of all brands of commercial vehicle tires will be increased by 2%; Since October, the prices of all brand products of Zhengdao tire have increased by 3% – 5%; The price of all products of the whole brand of East China tire has increased by 3% – 5% since October; Since October 10, the sales price of Shandong Yongsheng rubber to the company’s tbr products has risen by 3% – 5%. The following figure shows the price increase notice of several enterprises

Figure 5: annual comparison of domestic mainstream trend of natural rubber from 2019 to 2021

In the future, the situation in 2021 is special. Under the comprehensive action of multiple factors, the natural rubber market is really not easy. It is expected that in the future, the traditional peak consumption season has passed, and the key problems that determine the downstream demand still cannot be solved in the short term, resulting in weak demand; On the supply side, China’s domestic areas will continue to stop cutting next month. This year’s maritime dilemma has delayed the arrival of imported rubber at the port. At present, the arrival volume will continue to increase, which will offset the supply shortage caused by cutting. What is more prominent is that the market generally has strong expectations for La Nina this winter, which may lead to an obvious reduction in supply, which will strongly support the rubber price. In conclusion, from the comprehensive impact analysis of the macro situation at both ends of supply and demand, especially the guiding role of crude oil, it is expected that the natural rubber shock is relatively weak in the short term.

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Precious metal prices rose in October, and domestic demand for precious metals is expected to increase

Precious metal spot prices rose slightly in October

According to the data of business agency, the average early trading price of silver market on October 29 was 4885.67 yuan / kg, an increase of 6.56% compared with the average early trading price of 4585 yuan / kg in the spot market at the beginning of October (October 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 11.97%.

On October 29, the spot market price of gold was 369.99 yuan / g, a decrease of 1.80% compared with the early average price of 380.20 yuan / g in the spot market price at the beginning of October (10.1); Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 5.78%.

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Silver Rose relatively rapidly in October

Recently, the fluctuation amplitude of silver price is large. On the whole, silver is at a low level in the early stage, and the rebound is stronger.

However, from the perspective of non-ferrous metals, precious metals performed in a regular manner, silicon and aluminum fell first, and rare earth plates soared:

commodity Price on October 28 Price on October 1 Monthly rise and fall

Metallic silicon forty-two thousand sixty thousand eight hundred and thirty-three point three three – 30.96%

aluminium nineteen thousand three hundred and forty-six point six seven twenty-two thousand seven hundred and thirteen point three three – 14.82%

magnesium forty-six thousand six hundred and sixty-six point six seven fifty-one thousand six hundred and sixty-six point six seven – 9.68%

ilmenite two thousand three hundred and forty two thousand four hundred and fifty – 4.49%

tin two hundred and seventy-two thousand three hundred and eighty-seven point five two hundred and seventy-eight thousand and twelve point five – 2.02%

gold three hundred and seventy-one point zero three three hundred and sixty-three point four four 2.09%

copper seventy thousand seven hundred and thirty-five sixty-eight thousand seven hundred and ninety-six point six seven 2.82%

nickel one hundred and forty-five thousand three hundred and sixteen point six seven one hundred and forty-one thousand and three hundred 2.84%

antimony eighty thousand and five hundred seventy-seven thousand and five hundred 3.87%

zinc twenty-three thousand six hundred and eighty-eight twenty-two thousand six hundred and eighty-six 4.42%

Dysprosium oxide two million eight hundred and thirty-five thousand two million seven hundred and five thousand 4.81%

cobalt four hundred and one thousand and two hundred three hundred and eighty-one thousand and six hundred 5.14%

Dysprosium metal three million six hundred and thirty thousand three million four hundred and forty-five thousand 5.37%

silver four thousand nine hundred and five point three three four thousand five hundred and eighty-five 6.99%

Dysprosium ferroalloy two million eight hundred and forty thousand two million six hundred and forty thousand 7.58%

lead fifteen thousand and six hundred fourteen thousand three hundred and ninety-three point seven five 8.38%

praseodymium nine hundred and seventy-five thousand eight hundred and sixty thousand 13.37%

Neodymium metal nine hundred and fifteen thousand seven hundred and seventy-five thousand 18.06%

Praseodymium oxide seven hundred and seventy-five thousand six hundred and forty thousand 21.09%

Neodymium oxide seven hundred and sixty-five thousand six hundred and twenty-seven thousand and five hundred 21.91%

Praseodymium neodymium oxide seven hundred and thirty-two thousand and five hundred six hundred thousand 22.08%

Praseodymium neodymium alloy nine hundred and five thousand seven hundred and thirty-eight thousand and five hundred 22.55%

© 2021.10 business community

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Domestic demand for precious metals rose in the third quarter and is expected to continue in the fourth quarter

According to the data of the World Gold Council, China’s gold jewelry demand reached 157 tons in the third quarter of 2021, with a year-on-year increase of 32% and a month on month increase of 7%. In the third quarter, China’s sales of gold bars and gold coins were strong, with a total of 65 tons, a year-on-year increase of 12%.

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In terms of investment demand, by the end of the third quarter of 2021, the overall position of China’s gold ETF was 72 tons, and the inflow in the third quarter was 3.2 tons.

Domestic demand for precious metals rose in the third quarter and is expected to continue in the fourth quarter. On the one hand, the fourth quarter was originally the traditional peak season for China’s gold jewelry consumption. In addition, new varieties such as Gufa Jinpu and popular, gram heavy and high gold jewelry products promoted sales; On the other hand, the sharp rise and fall of the futures market and the volatile stock market may also make many investors increase their efforts to allocate gold ETFs to disperse risks.

International policy factors

The U.S. Department of Commerce announced on Thursday that the annual growth rate of U.S. GDP in the third quarter fell to 2% from 6.7% in the previous quarter (April to June). The US GDP data for the third quarter was lower than expected, easing market concerns about the Fed’s early interest rate hike.

However, the market focused on the Fed’s main inflation indicators on Friday. The market expects core personal consumption expenditure to increase by 3.7% year-on-year in September. The market forecast for the possibility of three interest rate increases by the Federal Reserve in 2022 is slightly higher than 50%, which has dampened the confidence of the precious metal market to a certain extent.

Recently, the price of precious metals has been stable and volatile. Focus on the following news in the future:

Recent policy focus

The Federal Reserve will hold a monetary policy meeting from November 2 to 3.

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Monthly evaluation of ethylene glycol (October 2021)

1、 Price trend

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According to the data of business agency, on October 28, the average p value of oil-based ethylene glycol was 5970 yuan / ton, down 690 yuan / ton compared with the previous statistical cycle.

On October 27, the spot price in East China market was flat, with an average price of 6080 yuan / ton, down 220 yuan / ton from the beginning of this month, a decrease of 3.49%.

2、 Analysis of influencing factors

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In terms of inventory, as of October 25, the total inventory of ethylene glycol in the main ports of East China was 596400 tons, an increase of 81400 tons, an increase of 15.81%, and 31400 tons, an increase of 5.56%, compared with last Thursday. Ethylene glycol continues to be in low inventory.

Unit: a 400000 ton syngas MEG unit in Inner Mongolia has restarted a line, which was previously shut down for maintenance near August 12; A 40000 ton MEG unit in Jiangsu has been shut down and is expected to be shut down for 8 days..

The ethylene glycol market rose first and then fell following the trend of coal this month, and one of the important reasons is that the policy guides the market direction. In the early stage, the shortage of coal resources, coupled with the fluctuation of market mentality caused by “double control”, the coal price rose, and the ethylene glycol price rose with the trend, gradually divorced from the fundamentals. In the later stage, since the coal price was suppressed, the price of ethylene glycol plunged, and the price gradually returned to rationality. In terms of fundamentals, the operating rate of ethylene glycol continues to fluctuate at a low level. Although the port inventory is still low, it rises slightly and is expected to increase further in early November. The unloading situation at East China port improved slightly, and some goods from South China Re flowed to East China market. As the profit margin of ethylene glycol shrinks, it is imperative to convert part of the cogeneration unit to ethylene oxide. At present, the demand side is still weak as a whole, but the production restriction tends to be relaxed. Some polyester units are restarted, and the supply and demand structure will be roughly balanced.

3、 Forecast: weak shock operation.

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The supply side supported the price rise of propylene glycol and dimethyl carbonate in October

According to the monitoring data of business society, as of October 27, the average ex factory price of domestic industrial grade propylene glycol was 24166 yuan / ton. Compared with October 1 (the reference price of propylene glycol was 21100 yuan / ton), the average price increased by 3066 yuan / ton, or 14.53%.

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According to the monitoring data of business society, as of October 27, the average ex factory price of domestic industrial dimethyl carbonate was 13333 yuan / ton, which was 633 yuan / ton, an increase of 4.99% compared with October 1 (the reference price of dimethyl carbonate was 12700 yuan / ton).

At present, the linkage production of propylene glycol and dimethyl carbonate is common in domestic factories. It takes propylene oxide as the main production raw material to produce dimethyl carbonate by transesterification, and propylene glycol is also produced at the same time. Therefore, there is a certain correlation between the market situation of propylene glycol and dimethyl carbonate. In October, the domestic market prices of propylene glycol and dimethyl carbonate increased significantly, and the main factors supporting the sharp rise in product prices came from the following two aspects:

In terms of supply, in October, after the National Day holiday, propylene glycol / dimethyl carbonate units in Shandong, Anhui and other regions have shutdown plans to varying degrees. In the short term, the market supply will continue to be tight. Therefore, although the demand after the festival has not increased widely, the factory has a strong willingness to support the price, and the first day of construction after the festival (August), The domestic propylene glycol and dimethyl carbonate market opened a sharp rise. On the 9th, the average price of domestic propylene glycol rose to 22600 yuan / ton, up 7.11% in a single day after the festival, and the average price of domestic dimethyl carbonate rose to 13433 yuan / ton, up 5.77% in a single day after the festival.

In terms of raw materials, the price of propylene oxide increased significantly after the National Day in October, and the high level of raw materials also supported the strong operation of propylene glycol and dimethyl carbonate. In addition, in terms of supply, after the shutdown of Shandong and Anhui units, the overall operating rate in the plant was not improved enough, the pressure of factory shipment was small, and the supply of propylene glycol and dimethyl carbonate in the plant continued to be tight, Since the 10th, the market price has continued to move steadily upward. Many factories have limited sales, and some factories have temporarily closed their offers due to tight supply. On October 22, the ex factory price of propylene glycol in Shandong was around 24000-25000 yuan / ton, and the ex factory price of dimethyl carbonate in Shandong was around 13500-14500 yuan / ton.

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In late October, the raw material propylene oxide market went down, and the support for propylene glycol and dimethyl carbonate was slightly loose. In addition, after the market price rushed to a high level, the downstream demand side showed general performance, the follow-up of new orders was slow, and the inquiry atmosphere also weakened slightly. It was more cautious to place orders just in need of purchase, but the supply side support was still sufficient, Therefore, at the end of the month, the offers of propylene glycol and dimethyl carbonate manufacturers are mostly high and stable, and the market has entered a stable consolidation operation stage of one week. Affected by the insufficient performance of the demand side, the market of propylene glycol and dimethyl carbonate showed a downward trend on the 27th. Among them, propylene glycol merchants appropriately gave up profits to stimulate shipments. The market price of propylene glycol decreased by about 300-500 yuan / ton, and the market price of dimethyl carbonate decreased significantly by about 500-1000 yuan / ton. Up to the 27th, The domestic ex factory price of propylene glycol is around 24000-24500 yuan / ton, and the domestic ex factory price of dimethyl carbonate is around 13000-13500 yuan / ton.

In terms of upstream propylene oxide, the market price of propylene oxide in Shandong fell on October 26, down 2.61% compared with the previous trading day, up 0.38% compared with the price on September 26, and down 1.69% year-on-year in a three-month cycle. At present, the raw material propylene market is weak, the liquid chlorine price is down, the cost support is weakened, the market supply is improved, the downstream procurement enthusiasm is general, the market atmosphere is weak, and the focus of negotiation is low. It is expected that the propylene oxide market may be weak in the short term.

Future trend analysis

At present, propylene glycol and dimethyl carbonate manufacturers are actively shipping, but the market inquiry atmosphere has improved, and the actual transactions are still relatively few. In addition, the decline of raw material propylene oxide is also large, and the cost support has gradually weakened. Generally speaking, the effective support for the prices of propylene glycol and dimethyl carbonate is limited. Therefore, the business society’s propylene glycol and dimethyl carbonate data division believes that in the short term, Propylene glycol and dimethyl carbonate market has continued downward risk, and more attention needs to be paid to the changes in supply and demand.

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The price of monoammonium phosphate is weak and stable, and the trend of diammonium phosphate is stable (10.18-10.24)

1、 Price trend

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According to the bulk list data of business society, the average ex factory price of 55% powdered monoammonium was 3466 yuan / ton on October 18 and 3466 yuan / ton on October 24. The price of monoammonium phosphate was stable this week.

According to the bulk list data of business society, the average ex factory price of 64% diammonium phosphate was 3590 yuan / ton on October 18 and 3590 yuan / ton on October 24. The price of diammonium phosphate was stable this week.

2、 Market analysis

The price of monoammonium phosphate was stable this week. The operating rate of enterprises this week was 52%, down from last week. At present, the trend of Monoammonium is weak and the market is weak. Downstream on-demand purchase, few new orders. At present, the factory quotation of 55% powdered ammonium in China is 3300-3500 yuan / ton. The factory quotation of 58% powdered ammonium is about 3600 yuan / ton, and the actual transaction is negotiated.

The price of diammonium phosphate was stable this week. The operating rate of enterprises this week was 50%, down from last week. At present, diammonium enterprises mainly issue early orders, and there is no inventory pressure. At present, the price of raw materials is strong, the cost support is favorable, and diammonium is running stably for the time being. The factory quotation of 64% mainstream diammonium in Hubei is 3550-3650 yuan / ton, and the actual transaction can be negotiated.

The domestic market of raw phosphorus ore rose. Supported by the continuous tight supply in Guizhou and Guangxi, some mining enterprises raised the factory price of medium and high-end phosphate rock. As of the 24th, the market reference price of 30% grade phosphorus ore in China was around 620-700 yuan / ton, up 20-30 yuan / ton compared with a week ago.

3、 Future forecast

The ammonium phosphate analyst of business society believes that at present, the transaction of Monoammonium market is weak and the terminal demand is poor. There are many orders for diammonium in the early stage, and the price of raw materials remains high. The Hefei Conference on phosphorus recovery is about to be held, and the on-site attitude is obvious. It is expected that monoammonium will continue the weak trend in the short term, and diammonium will continue to be strong at a high level.

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This week, cryolite prices rose (10.16-10.22)

1、 Price trend

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According to the bulk list data of business society, the price trend of cryolite in Henan rose this week. On October 22, the average market price in Henan was 6900.00 yuan / ton. Compared with 6725.00 yuan / ton on October 16, the price increased by 2.60% during the week and 4.94% compared with the beginning of the month.

2、 Market analysis

The domestic cryolite market is strong and upward, the upstream raw materials are tight, and the price continues to rise, driving the firm operation of the cryolite industry. Coupled with the impact of limited power production, the production capacity of cryolite enterprises is low, and the quotation of enterprises continues to rise within the week. As of the 22nd, the ex factory quotation of cryolite in Shandong is 6500-6700 yuan / ton, and the market price of cryolite in Henan is increased by 700 yuan / ton, The ex factory quotation is 6500-7900 yuan / ton. Domestic cryolite enterprises have normal plant operation, low enterprise inventory, stable downstream demand, stable shipment, tight market supply and high enterprise cryolite price.

The cryolite market is greatly affected by the upstream. The liquid alkali continues to rise this week, and the price rises by 6.19% during the week. Affected by the limited power policy, some manufacturers start to lower their prices, the market is strong and upward, and the shortage of raw materials drives the cryolite price up. In the downstream, the market of the aluminum industry fluctuated and decreased this week. On October 22, the aluminum price was 21913.33 yuan / ton, an overall decrease of 7.33% compared with the price of 23646.67 yuan / ton at the end of last week. The market is weak. Affected by the dual control policy of energy consumption, the operating rate in the downstream is reduced, superimposed with the high aluminum price in the early stage, the acceptance in the downstream is low, mainly on-demand procurement, weak demand, and the market is sorted out downward.

3、 Future forecast

The domestic cryolite market is strong and upward, the upstream raw materials continue to be tight, the enterprise quotation is mainly high, the downstream demand is stable, and the enterprise shipment is stable. It is expected that the cryolite market will continue to be high in the later stage, and pay more attention to the upstream raw materials.

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