According to the data monitoring of the Business News Agency, the price of industrial and battery grade lithium carbonate continued to decline this week. As of February 9, the average domestic mixed price of industrial grade lithium carbonate was 441600 yuan/ton, down 4.33% from the average price of 461600 yuan/ton on February 5. The average domestic mixed price of battery grade lithium carbonate on February 9 was 467600 yuan/ton, down 3.9% from the average price of 486600 yuan/ton on February 5.

From the observation of market changes, the price of lithium carbonate this week is still in a continuous cooling. Although the market inquiry began to increase, the spot transaction was relatively small. However, some manufacturers are still repairing or maintaining a low start-up rate, and the supply situation is temporarily dominated by de-stocking.

In terms of demand, the current procurement demand in the downstream market is still weak in the short term, and the demand recovery cycle is uncertain. However, some lithium salt plants and anode plants are still negotiating the details of long order signing, resulting in the market being in a wait-and-see state without purchasing intention, and the traders’ quotations are also continuously reduced, so the price of lithium carbonate continues to be weak and volatile.

The downstream lithium hydroxide market is stable, and the price is mainly stable after the price reduction last week. At present, the first-tier manufacturers in the market mainly export, and only a small number of orders are supplied to the domestic market. However, domestic demand is weak, and inquiry is increasing, but there are few transactions with zero orders. The stable price is mainly wait-and-see.

The downstream lithium iron phosphate market is stable, and the price of lithium iron phosphate is highly linked with lithium salt. In the case of low operating rate before the month, the general lithium salt inventory of enterprises is still at a high level, and the short-term procurement demand is low. In addition, the overall market demand is still in the process of gradual recovery, and the short-term stable wait and see.

According to the lithium carbonate analyst of the Business Agency, the market is in a state of strong supply and weak demand, and the upstream and downstream markets are in the process of negotiation and signing, and the market price continues to be weak for the time being. In addition, the construction situation has not yet fully recovered, the short-term lithium carbonate price is expected to remain volatile.

According to the monitoring data of the Business News Agency, as of February 8, 2023, the domestic market price of silicone DMC was 17140 yuan/ton, which was increased by 380 yuan/ton, or 2.27%, compared with January 29, 2023 (the reference price of silicone DMC was 16760 yuan/ton).

It can be seen from the data monitoring chart of the business agency that after the end of the holiday in 2023, the domestic silicone DMC market overall showed a steady upward movement. After the festival, the organosilicon DMC market finally ushered in a long-awaited recovery. After Shandong Dachang took the lead in raising the price of organosilicon DMC, other factories also followed in the footsteps of the Dachang and successively raised the price of organosilicon DMC. On February 8, the domestic organosilicon market price was around 16900-17400 yuan/ton, and the price increased by about 300-500 yuan/ton compared with that before the festival.

Future trend forecast of silicone DMC market

At present, organosilicon DMC has a good intra-field trading atmosphere, and downstream users have a high enthusiasm for inquiry, and the overall market demand is mainly good. The organosilicon DMC data analyst of the business agency believes that in the short term, the domestic organosilicon DMC market will mostly be stable and strong, and the specific trend in the future needs to pay more attention to the changes in the supply and demand information.

According to the monitoring of the Business News Agency, the domestic methanol market fluctuated at a low level. From January 28 to February 6 (as of 15:00 p.m.), the average price of the eastern China port in the domestic methanol market fell from 2807 yuan/ton to 2717 yuan/ton. During the period, the price fell by 3.22%, with a month-on-month increase of 1.39% and a year-on-year increase of 1.29%. After the Lunar New Year, the traditional downstream has not yet recovered. At the same time, some production enterprises have the demand for inventory scheduling. The spot gas purchase is general, and the price of methanol has declined in a narrow range.

As of the close on February 6, methanol futures of Zhengzhou Commodity Exchange rose. The main methanol futures contract 2305 opened at 2678 yuan/ton, the highest price was 2698 yuan/ton, the lowest price was 2651 yuan/ton, and closed at 2677 yuan/ton, up 5% or 0.19% from the previous trading day. The trading volume was 1180316, the position was 1260724, and the daily increase was 1260724.

Summary of methanol market prices in various regions as of 2.6:

Region/ Price

Shanxi Province/ 2450-2480 yuan/ton ex-factory

Liaoning region/ About 2600 yuan/ton

Anhui Province/ About 2660-2700 yuan/ton

Henan Province/ 2580-2600 yuan/ton

On the cost side, with the end of the holiday, some coal mines began to resume work and production, and the output rose slightly. The terminal power plants were in a weak purchasing mood under the support of long-term cooperation coal. The non-electric terminal raw coal was consumed during the holiday, and the demand for replenishment in the near future was released slightly. In the short term, the power coal price is mainly stable. The temporary storage of methanol cost is good.

On the demand side, MTBE and dimethyl ether have little change; Downstream acetic acid: Sinopec Great Wall unit restarted and the demand for acetic acid increased; Downstream formaldehyde: the demand for formaldehyde may increase as many sets of units are expected to increase and restart. The temporary storage of methanol is favorable.

On the supply side, methanol supply side is negative.

In the external market, as of the close of February 3, the closing price of CFR Southeast Asia methanol market was 391.00-393.00 US dollars/ton. The closing price of the US Gulf methanol market was 108-110 cents/gallon, down 1 cents/gallon; FOB Rotterdam methanol market closed at 337.00-339.00 euros/ton, down 3 euros/ton.

Region/ Country/ Closing price/ Up and down

Asia/ CFR Southeast Asia/ 391.00-393.00 USD/ton./0 USD/ton

Europe and America/ US Gulf/ 108-110 cents/gallon/- 1 minute/gallon

Europe/ FOB Rotterdam/ 337.00-339.00 euro/ton./- 3 euro/ton

Future market forecast shows that the supply is abundant and the demand side has little change. The methanol analyst of the Business Society predicted that the domestic methanol market was dominated by narrow consolidation.

According to the data of the bulk commodity list of the Business News Agency, the market price of formaldehyde in Shandong Province has fluctuated and risen recently. The average price of formaldehyde in Shandong Province at the beginning of the week was 1206.67 yuan/ton, and the average price of formaldehyde in Shandong Province at the end of the week was 1246.67 yuan/ton, up 3.31%, and the current price rose 5.06% year on year.

formaldehyde

Recently, the market price of formaldehyde in Shandong Province has fluctuated and risen. From the above figure, we can see that the recent market of formaldehyde has mainly fluctuated slightly, and the market has risen this week. As of February 2, the mainstream market price in Shandong was 1200-1300 yuan/ton. Recently, after the Spring Festival, due to the low price of formaldehyde in the early stage, formaldehyde manufacturers have strong willingness to raise prices, and the formaldehyde market has risen.

Upstream methanol: the domestic methanol market fluctuated slightly. The quotation of methanol manufacturers in southern Shandong was concentrated at 2670 yuan/ton, and it was reported that the mainstream factory price was 2600 yuan/ton. Enterprises in the central and eastern part of Shandong Province have a factory output of 2610-2680 yuan/ton; The reference price of Dongying and surrounding areas is 2570-2580 yuan/ton.

Recently, the methanol market has fluctuated, the cost support is acceptable, and the superimposed formaldehyde inventory is currently controllable. Therefore, the formaldehyde analyst of the Chemical Branch of the Business Society expects that the recent price of formaldehyde in Shandong Province is mainly fluctuating.

DOTP prices rose in January

According to the data monitoring of the Business Agency, as of January 30, the average price of DOTP was 10625 yuan/ton, up 8.42% from the average price of 9800 yuan/ton on January 1. The demand for higher costs recovered, and the price of DOTP rose in January.

Raw material prices rose in January

According to the data detection of the business agency; As of January 30, the price of isooctanol was 10533.33 yuan/ton, an increase of 8.22% compared with the price of isooctanol of 9733.33 yuan/ton on January 1. After the holiday, the downstream replenishment increased, the demand recovered, the price of isooctanol fluctuated and rose, the cost of DOTP rose, and the rising power of DOTP increased.

According to the data of the Business Agency, as of January 30, the PTA price was 5779.55 yuan/ton, up 2.91% from the price of 5616.36 yuan/ton on January 1. In January, PTA prices fell first and then rose. The demand for PTA was low before the holiday. PTA prices fluctuated and fell. Replenishment after the holiday. PTA demand warmed up. PTA prices stopped falling and rising. DOTP costs stopped falling and rising. The downward pressure on DOTP in the future still had an increasing momentum.

Aftermarket expectation

According to DOTP data analysts of the Business Agency, the raw material of plasticizer DOTP rose in January, the price of PTA stopped rising, and the cost of raw material of plasticizer DOTP rose; Replenishment after the holiday, the demand for plasticizer DOTP temporarily warmed up, and the replenishment ended, and the demand for plasticizer DOTP stabilized in the future. In general, the demand for DOTP cost increase in the future will be stable, and DOTP is expected to be strong and stable.