1、 Trend analysis

As shown in the figure above, copper prices rose slightly this week, with spot copper quotation of 71971.67 yuan / ton as of the weekend, down 3.51% from 74591.67 yuan / ton at the beginning of the week, 24.19% higher than the beginning of the year, up 61.35% year on year. LME fell after the copper rush rose $10525 in March this week, closing at $9946, down 2.81% a week; Shanghai copper index was in high volatility at the beginning of this week, and it fell under pressure after the middle of the week, falling below 71840 yuan, closing at 72180 yuan, down 3.43% a week. The international copper index, which was closed this week, closed at 64130 yuan, down 3.68 per cent a week.

On the macro level, monetary policy may turn to the rebound of the dollar, the continuous decline of international oil prices drag down commodities and China will curb unreasonable rise in commodity prices, leading to a sharp correction in copper prices. On the supply side, commodity traders and miners Glencore plans to restart the operation of the mutanda cobalt mine in the Democratic Republic of the Congo next year. Mutanda is the world’s largest cobalt mine, and it also produces a large amount of copper. The production of copper deposits of major copper enterprises in the world is planned to increase, and the expectation of loose copper supply in the long term has been raised. In terms of demand, high cost continues to squeeze the cable industry profits, and the downstream consumption peak season is not strong. It is expected that the short-term fluctuation of copper price will maintain a weak trend.

According to the data monitored by the business agency, as of May 20, the average price of PMMA was 17233.33 yuan / ton, the market maintained stable operation, the quotation range of mainstream manufacturers was about 17000 yuan / ton, the focus of negotiation was stable, the downstream just needed to purchase, and the trend was stable in the short term.

The market price of phenol in the upstream is strong, the traders support the price of shipment, the on-site negotiation is slightly flat, the shipment is general, the market inquiry increases but the actual order is general, and the terminal is mainly just need to follow up. Phenol commodity index: on May 19, the phenol commodity index was 74.40, unchanged from yesterday, down 25.60% from the highest point of 100.00 in the cycle (2011-09-01), and up 99.79% from the lowest point of 37.24 on April 7, 2020（ Note: period refers to the period from September 1, 2011 to now

Business community PMMA analysts believe that: general demand, normal inventory, PMMA prices run smoothly in the short term（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

1、 Price quotation

The price of 3128b lint was around 15936 yuan / ton on the 19th, according to the data of business news agency.

This week, the domestic cotton spot market remained stable, 19 China cotton price index 3128b level 15925 yuan / ton, flat with yesterday. Cotton mainly showed a slight shock. In the off-season of textile industry, most textile enterprises focused on rigid demand and purchased in small batches. In terms of futures, Zheng Mian’s volatility remained stable. On the 19th, the main contract 2109 of Zheng Mian opened at 15780 yuan / ton and settled at 15720 yuan / ton. Ice cotton, due to the decline of the US dollar index on the 18th, the cotton period changed from continuous decline to improvement, and the weather situation needs to be paid attention to in the future.

According to customs statistics, in April 2021, China imported 230000 tons of cotton. In 2021, China imported 1.2 million tons of cotton and 230000 tons of cotton yarn. In 2021, China imported 800000 tons of cotton yarn. By the end of April, the national cotton commercial inventory was 4132100 tons, which was 449100 tons less than that of last month and 108100 tons less than that of the same period last year, and was the second highest in the same period of nearly four years.

Forecast: Textile off-season arrival, enterprises take goods will not be strong, downstream on-demand procurement, it is expected that the future of cotton or shock down.

1、 Price quotation

According to the data of the business association, the price of 32 pieces of cotton yarn is about 25700 yuan / ton.

Analysis: the cotton yarn market trading has improved compared with that before the festival, and the mentality of textile enterprises has improved. Cotton yarn inventory continued to decline, the load remained at last week’s level, the gray end was still weak, some orders increased, and the overall delivery was general. In terms of imported yarn, the transaction situation of imported yarn this week has improved compared with that of last week. The port inventory of imported yarn has decreased slightly, the price is mainly stable, and there is no arbitrage opportunity for the internal and external price difference. The inquiry and delivery of imported combed yarn in the coastal textile markets are slow, and the buyers and sellers are not in a high mood. The epidemic situation in India and its neighboring countries continues to spread, resulting in the return of some foreign trade orders.

Macro aspect: China’s textile and garment export value was 65.11 billion US dollars, a year-on-year increase of 44%, and a 15.6% increase compared with the same period in 2019. Among the main export products, the export volume of clothing reached 33.3 billion US dollars in the first quarter, with a year-on-year growth of 47.7%. According to the survey data of China Textile Industry Federation, the prosperity index of China’s textile industry in the first quarter was 57.1, which was above the 50 boom and bust line for four consecutive quarters, indicating that the production and operation situation of the textile industry and the general trend of market expectation were good, and the enterprise’s development confidence was enhanced.

Upstream and downstream: the domestic cotton spot market is stable this week. Recently, the cotton in northern and southern Xinjiang has entered the seedling stage one after another. The strong wind and cold wave all over the country make several places have the demand of replanting or replanting. In the west of the United States, there was a continuous drought, and the scope of drought gradually expanded and covered Texas, the main cotton area in the southwest. The epidemic situation in India is fierce, and the impact of planting is unknown, but for the domestic textile industry, the expectation of foreign single return is increasing. The orders of grey cloth Market in China are better than those before the festival, and the continuous situation of orders is concerned in the follow-up.

In general, the cotton yarn Market Trading improved, the upstream raw material support is strong, textile enterprises cotton yarn inventory decline accelerated, cotton yarn spot price trend is good, it is expected that the future market will be stable and upward.

1、 Price trend

According to the bulk data monitoring of business news agency, as of May 17, the average price of refrigerant R22 was 16600 yuan / ton, which was the same as that of the previous day (14 days) and increased by 11.91% compared with the same period last year.

According to the bulk data monitoring of business news agency, as of May 17, the average price of refrigerant R134a was 22600 yuan / ton, which was the same as that of the previous day (14 days), and increased by 4.31% compared with the same period last year.

2、 Market analysis

May 17 refrigerant R22 market temporarily stable operation, continued last week’s stable trend, price fluctuations. The quotation of raw material trichloromethane rose slightly, with acceptable support. The quotation of dealers increased, close to the factory quotation. But the demand side is still weak, the air conditioning market demand is not good, in the short term unilateral support, the price is high. As of the 17th, R22 market quotation was mainly in the range of 16000-17500 yuan / ton, Shandong quotation was about 16500-17500 yuan / ton, Zhejiang quotation was about 16000-16500 yuan / ton, Hunan quotation was about 15500-16000 yuan / ton, Shanghai quotation was about 16500 yuan / ton, and the prices of all regions were stable as a whole.

On May 17, refrigerant R134a market was temporarily stable, and the price of raw material hydrofluoric acid was loose. However, the price of trichloroethylene market was higher, which supported the high price of R134a. The quotation of some dealers rose to more than 25000 yuan / ton, and the market center moved up. At present, the demand for vehicles is stable, and the R134a market is relatively strong under the unilateral boost of cost. At present, R134a market quotation is mostly in the range of 23000-25000 yuan / ton, Zhejiang quotation is about 23500-25800 yuan / ton, Hunan quotation is about 23000-23500 yuan / ton, Jiangsu quotation is about 23500-25000 yuan / ton, Shanxi quotation is about 23000 yuan / ton, Shanghai quotation is about 24000 yuan / ton, the price center of each region moves up.

In terms of raw materials, the price trend of domestic hydrofluoric acid has declined recently. Up to now, the mainstream price of domestic hydrofluoric acid in various regions is 9500-98000 yuan / ton. Some manufacturers’ quotations are higher than the market price. The actual transaction market in the market is weak. The price of domestic hydrofluoric acid has mainly declined. Recently, the spot supply of domestic hydrofluoric acid has increased, and the price trend in the market has declined. Affected by multiple negative factors, business community hydrofluoric acid analysts believe that the market price of hydrofluoric acid may fall slightly.

Trichloromethane. On May 17, the market of methane chloride in Shandong Province rose, and the quotation of manufacturers was adjusted. The main factory price of dichloromethane was about 4170 ~ 4450 yuan / ton, and the main factory price of trichloromethane was about 3990 ~ 4010 yuan / ton. The market transaction was relatively stable. It is expected that the price of chloroform will remain stable in the short term.

3、 Future forecast

Refrigerant analysts of business news agency believe that the current prices of raw materials chloroform and trichloroethylene are rising, boosted by this, the prices of refrigerant R22 and R134a are consolidation at a high level. It is expected that in the short term, under unilateral support, the prices are easy to rise but difficult to fall, and the market is relatively strong.