Zinc price rose on February 14

According to the data monitoring of the Business News Agency, the zinc price was 23134 yuan/ton as of February 14, up 0.59% from 22998 yuan/ton on February 13 of the previous trading day. After falling for three consecutive trading days, the zinc price stopped falling and recovered, and rose slightly on February 14.

Key points of zinc market

The domestic credit data released showed that China’s credit data in January exceeded expectations, and M2 growth rate exceeded expectations. The credit data met the market’s expectations for domestic economic recovery; The operating rate of zinc plating and die-casting zinc alloy has risen steadily, the supply and demand of zinc industry has increased, and the rising power of zinc market still exists.

Aftermarket expectation

Both supply and demand increase, and the rising power of zinc market increases. It is expected that the zinc price will consolidate strongly in the future.

According to the monitoring of the Business News Agency, the domestic methanol market fluctuated and sorted out. From February 3 to 10 (as of 15:00 p.m.), the average price of the domestic methanol market at the East China port fell from 2704 yuan/ton to 2685 yuan/ton. During the period, the price fell by 0.69%, rose by 0.97% month-on-month and fell by 2.16% year-on-year. The cost of coal fell, the downstream demand recovered slowly, and the methanol price fluctuated.

As of the close of February 13, methanol futures of Zhengzhou Commodity Exchange fell. The main methanol futures contract 2305 opened at 2610 yuan/ton, the highest price was 2610 yuan/ton, the lowest price was 2546 yuan/ton, and closed at 2553 yuan/ton, down 62% or 2.37% from the previous trading day. The trading volume was 1376079, the position was 1300799, and the daily increase was – 74001.

Summary of methanol market prices in various regions as of 2.10:

Region/ Price

Shanxi Province/ 2480-2500 yuan/ton ex-factory

Liaoning region/ About 2620-2630 yuan/ton

Anhui Province/ About 2660-2730 yuan/ton

Henan Province/ 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.

Demand side, downstream dimethyl ether: the demand for dimethyl ether increased due to the start-up of Lankao Huitong device; Downstream acetic acid: Tianjin Soda Plant returned to normal, and the demand for acetic acid increased; Downstream formaldehyde: Shandong Lianyi unit has a negative deposit and withdrawal plan, Lankao Huitong and Rongxin Huiquan units are expected to be restarted, and the demand for formaldehyde increases. The temporary storage of methanol is favorable.

In the external market, as of the close of February 10, the closing price of the CFR Southeast Asia methanol market was 375.00-377.00 US dollars/ton, down 3 US dollars/ton. The closing price of US Gulf methanol market is 107-109 cents/gallon; The closing price of FOB Rotterdam methanol market was 337.00-339.00 euros/ton, down 1 euro/ton.

Region/ Country/ Closing price/ Up and down

Asia/ CFR Southeast Asia/ 375.00-377.00 USD/ton./- 3 USD/ton

Europe and America/ US Gulf/ 107-109./0 min/gallon

Europe/ FOB Rotterdam/ 337.00-339.00 euro/ton./- 1 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.

From February 3 to February 10, 2023, the weekly bidding price of crude benzene was mainly down, at 5725 yuan/ton at the end of last week, and at 5593 yuan/ton at the end of this week, with a weekly decrease of 2.31%.

International crude oil futures closed slightly lower on February 9. The settlement price of the main contract of US WTI crude oil futures was 78.06 US dollars/barrel, down 0.41 US dollars or 0.5%. The settlement price of the main contract of Brent crude oil futures was US $84.50/barrel, down US $0.59 or 0.7%.

The ex-factory price of Sinopec pure benzene increased by 100 yuan/ton on January 13, 2023, and the current price is 6950 yuan/ton.

Other enterprises: Jingbo Petrochemical quoted 6950 yuan/ton, HSBC Petrochemical quoted 7000 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, Xinhai Petrochemical quoted 6850 yuan/ton, and Hongrun Petrochemical quoted 7000 yuan/ton.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-column chart of pure benzene shows that after entering July, the price of pure benzene continued to decline, slightly warmed at the end of August and the beginning of September, and the price mainly declined from October to December, and warmed in January.

In terms of industrial chain: the mixed benzene market fell first and then rose at the beginning of this week, and the crude oil and styrene market both weakened in the early stage, which affected the mentality of the pure benzene market. In addition, the pure benzene inventory was at a high level as a whole, the market trading was slightly light, and the price was down. In the later period, the crude oil rose, the styrene market rose, the pure benzene market atmosphere rose, and the market price rose slightly. The price of hydrogenation benzene is mainly weak this week, and the price of main production areas has been slightly reduced, and the current price is about 7000 yuan/ton.

The crude benzene market this week was dragged down by the decline of pure benzene at the beginning of the week, and the auction price of this week was mainly down. The main production area in Shandong Province was 5700-5710 yuan/ton, down 130 yuan/ton from last week. In terms of supply, the operating rate of coking enterprises this week has not changed much compared with the previous period, and the overall operation is OK, and the crude benzene supply is sufficient. In terms of demand, the overall hydrogenation benzene market this week was weak, the operating rate was basically flat compared with the previous period, and the demand for crude benzene remained. The price decline this week was mainly affected by the decline of the industrial chain. In general, crude benzene demand support still exists, but the recent trend of crude oil has fluctuated greatly. The price of hydrogenation benzene has declined due to insufficient market guidance. The price of crude benzene is expected to be subject to narrow adjustment. The future market will focus on the impact of the trend of basic products such as crude oil and styrene on the market mentality.

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.