According to the Commodity Market Analysis System of Shengyi Society, the domestic ethanol market was running weakly in August. From August 1st to 29th, the average price of domestic ethanol producers fell from 6012 yuan/ton to 5957 yuan/ton, with a price drop of 0.91% during the period and a year-on-year price drop of 12.55%.

In the first half of the month, the demand side continued to be sluggish, factory prices fell to stimulate shipments, downstream purchasing power was limited, and the ethanol market was weak. In mid month, the domestic ethanol market prices remained weak and stable, with demand continuing to decline. Factories saw a decrease in shipping prices, but downstream purchasing power was limited, resulting in relatively flat trading volumes. At the end of the month, the domestic ethanol market prices remained weak and stable, with raw material prices rising, putting pressure on the costs of ethanol production enterprises, increasing market supply, and demand side demand for fixed procurement. At the same time, there is a strong demand for fixed purchases on the demand side, and actual transactions are light.

In terms of cost, the domestic corn market prices are stable but relatively weak, and traders’ enthusiasm for shipment has increased, gradually accepting sales. However, downstream purchasing attitudes are cautious, maintaining on-demand procurement, and the market volume of goods is not large. There are few purchasing entities in the port, the arrival volume remains low, the demand for loading is not high, and traders are mainly slow to reduce inventory. The cost of ethanol is influenced by bearish factors.

On the supply side, there are significant differences in the operating rates of production enterprises in different regions. Negative factors affecting the ethanol supply side.

On the demand side, the off-season of Baijiu consumption continues and orders are postponed; The short-term anhydrous procurement of methyl ethyl ester remains stable; There is little fluctuation in the short-term production of ethyl acetate. Short term ethanol demand is influenced by bearish factors.

In the future market forecast, the negative impact of cost is expected, while the market supply remains abundant, resulting in overall shipping pressure. Ethanol analysts from Shengyi Society predict that domestic ethanol prices will remain stable with a weak trend in the short term.

The domestic fluorite prices continued to decline in August, with an average price of 3437.5 yuan/ton as of the end of the week, a decrease of 3.78% from the beginning of the month at 3572.5 yuan/ton, and a year-on-year increase of 9.13%.

Supply side: Limited mining operations and low fluorite inventory

The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The rectification action is coming to an end in August, but the affected area has not narrowed. The difficulty of starting fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the inventory of fluorite enterprises is low. However, the import of fluorite from Mongolia has a significant impact on the northern fluorite market, and the trend of fluorite.

Demand side: Hydrofluoric acid demand, weak refrigerant, low operating level

The domestic hydrofluoric acid market experienced a downward trend in August, with mainstream prices ranging from 10300 to 10800 yuan/ton negotiated in various regions of China. The downstream hydrofluoric acid market is consolidating weakly, with some units still being shut down recently. There is little change in the spot supply of hydrofluoric acid, and manufacturers have low orders for purchasing hydrofluoric acid. The overall production of hydrofluoric acid is less than 60%, which has dragged down the domestic fluorite market. Some hydrofluoric acid manufacturers purchase on demand, and the domestic fluorite market is sluggish.

The downstream refrigerant market in the terminal continues to be deadlocked due to poor demand transmission. After entering the off-season of production, market production demand weakens. In addition, refrigerant companies have poor stocking conditions and are not actively purchasing upstream products. The market for some refrigerant products has declined, and as a result, the fluorite market is weak and difficult to change.

In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as national defense, nuclear industry, etc., including lithium hexafluorophosphate, PVDF, graphite negative electrode, photovoltaic panel, etc. With the demand driven by new energy and semiconductor fields, fluorite applications have received certain support, and the fluorite market is still supported.

Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production for safety inspections. The tight supply of fluorite mines is a major positive support for the fluorite market. However, the downstream hydrofluoric acid market trend has declined, and the demand for downstream refrigerants has weakened. In addition, imported fluorite sources have formed a certain impact on the market, and there are many negative factors. Chen Ling, an analyst at Business Society, believes that fluorite prices are weak and difficult to change in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic lithium carbonate market continued to operate weakly in August. From August 1st to 27th, the average market price of industrial grade lithium carbonate in China fell from 89600 yuan/ton to 80400 yuan/ton, with a price drop of 10.2% during the period and a year-on-year price drop of 62.7%; The average market price of battery grade lithium carbonate has dropped from 92200 yuan/ton to 82800 yuan/ton, with a price drop of 10.2% during the cycle and a year-on-year price drop of 64%.

Supply side: Due to the continuous decline of lithium carbonate in the past six months, lithium salt factories are facing cost pressure. Some companies have lowered their production expectations for August, but the extent of the reduction is limited and has not boosted the spot market. In terms of imports, multiple salt lake projects in Argentina will be put into operation in the second half of the year, and it is expected that the import volume of soy sauce in the second half of the year will be higher than that in the first half. The excess pressure is still quite evident.

Demand side: The market performance of positive electrode materials is average, and the willingness to stock up is not high. The customer supply and long-term cooperation basically meet the downstream production demand, and downstream enterprises adopt a cautious and wait-and-see attitude towards the future market.

Cost aspect:

The production of lithium mica has slightly decreased: the overall operating rate of lithium mica is low, and the demand for lithium mica from lithium salt factories is still weak, which has affected production enthusiasm. Although production has slightly decreased, mining companies still show a certain degree of price support sentiment.

Lithium spodumene imports remain high: There are many new production capacities for lithium spodumene in China, and overseas mining companies have strong price support sentiment. Some large lithium salt factories have sufficient inventory and are adopting a wait-and-see attitude towards new purchases.

Market forecast: Currently, lithium carbonate inventory is still at a high level, and there are no favorable factors on the demand side to support the rebound of lithium carbonate prices. The price of lithium carbonate will continue to operate weakly, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, the domestic hydrogen peroxide market steadily declined in August, with a drop of over 7%. At the beginning of the month, the average market price of hydrogen peroxide was 913 yuan/ton. On the 26th, the average market price of hydrogen peroxide was 843 yuan/ton, a decrease of 7.66%.

Low terminal demand, hydrogen peroxide market continues to decline in August

Starting from August, due to poor terminal demand, the purchase of hydrogen peroxide by printing and paper manufacturers has decreased, resulting in a weak upward trend in the hydrogen peroxide market and an overall downward trend. The mainstream domestic quotation is 800-960 yuan/ton. Among them, the average market price of hydrogen peroxide in Shandong region is about 900 yuan/ton, a decrease of 80 yuan/ton, the average market price of hydrogen peroxide in Hebei region is 800 yuan/ton, a decrease of 30 yuan/ton, and the average market price of hydrogen peroxide in Anhui region is about 960 yuan/ton, with stable prices.

In the middle of the month, the terminal paper industry market weakened, and manufacturers’ purchases of hydrogen peroxide decreased. Negative factors continued to accumulate, and the hydrogen peroxide market continued to decline, with an overall quotation of 800-950 yuan/ton. On August 21st, the average price of hydrogen peroxide in the Shandong region was around 800 yuan/ton, a decrease of 50 yuan/ton, while in the Hebei region, the average price of hydrogen peroxide remained stable at 800 yuan/ton; The average price of hydrogen peroxide in the Anhui region is around 950 yuan/ton, with a price drop of 10 yuan/ton; The average price of hydrogen peroxide in the Hangzhou area is 1100 yuan/ton, and the market is weak and stable.

At the end of the month, terminal demand remained sluggish, and the hydrogen peroxide market continued to decline, with the average market price dropping to 780-930 yuan/ton, indicating a weak market operation. The average price of hydrogen peroxide in Shandong region is around 800 yuan/ton, and the price remains stable. The average price of hydrogen peroxide in Hebei region is 780 yuan/ton, and the price has dropped by 20 yuan/ton; The average price of hydrogen peroxide in the Anhui region is around 930 yuan/ton, with a price drop of 20 yuan/ton; The average price of hydrogen peroxide in the Hangzhou area is 1100 yuan/ton, and the market remains stable.

Business Society’s hydrogen peroxide analyst believes that in September, the rigid demand for terminal hydrogen peroxide will support the market, and the upward trend in the future is expected.

This week, the price of isooctanol fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of isooctanol was 8016.67 yuan/ton, a fluctuating decrease of 3.41% compared to the price of 8300 yuan/ton on August 16 last weekend. The manufacturer of isooctanol has completed maintenance and resumed production, with sufficient supply of isooctanol; Poor demand for plasticizers has led to a decrease in downstream enterprises’ enthusiasm for purchasing octanol. Isooctanol manufacturers have lowered prices for shipments, increasing pressure on the price of isooctanol. As a result, the price of isooctanol has fallen.

The price of raw material propylene is weak and consolidating

According to the Business Society’s propylene commodity market analysis system, as of August 23, the price of propylene was 6860.75 yuan/ton, a fluctuating decrease of 0.07% compared to the price of 6865.75 yuan/ton on August 16 last weekend. Crude oil prices have fluctuated and fallen, while propylene cost support has weakened; Acrylic manufacturers are operating at low loads, with tight supply and continued fatigue in downstream demand. The price of propylene is weak and consolidating, and the cost support for isooctanol is weakened.

Downstream plasticizer prices fluctuate and fall

According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of plasticizer DOP was 8791 yuan/ton, a decrease of 2.87% from the DOP price of 9051 yuan/ton on August 16 last weekend. The recovery of terminal demand is slow, the price of raw material octanol has fallen, costs have decreased, downstream customers’ enthusiasm for placing orders has decreased, wait-and-see sentiment has increased, plasticizer transactions have declined, and plasticizer DOP prices have fallen.

Future expectations

According to the data analyst of Business Society’s octanol product, in terms of cost, propylene prices are weakly consolidating, and the cost support for isooctanol is weakened; In terms of demand, the recovery of the plasticizer market is not as expected, and the demand for isooctanol is poor; In terms of supply, the maintenance of the isooctanol manufacturer has been completed, and the supply of isooctanol is sufficient. In the future, the supply of isooctanol is sufficient, and the demand recovery is not as expected. It is expected that the price of isooctanol will fluctuate and fall.