On August 30, the domestic cobalt price fell

According to the data monitoring of the business agency, the cobalt price fell on August 30, and the cobalt market fell. On August 30, the cobalt price was 353300 yuan / ton, down 1.15% from the cobalt price of 357400 yuan / ton on the previous trading day. On August 29, the cobalt commodity index was 128.56, up 0.29 points from yesterday, down 46.19% from 238.91 points, the highest point in the cycle (2018-04-15), and up 84.08% from 69.84 points, the lowest point on July 5, 2016. (Note: the period refers to September 1, 2011 to now).

Key points of analysis

The price of cobalt in LME market rose, the price of MB cobalt surged, and the rise of international cobalt price led to the rise of domestic cobalt price; The temperature has dropped and the precipitation has increased, the power limit in Sichuan Province has expired, the start-up of cobalt salt and lithium salt industry chain enterprises has resumed, the new energy battery market has resumed, and the upward momentum of cobalt market has weakened.

Future forecast

The supply and demand of cobalt market will be balanced when the power limit expires, the international cobalt price will stabilize, and the driving force of cobalt price rise will weaken. It is expected that the high cobalt price will fall in the future.

1、 Price summary of mixed xylene on August 26:

Qingdao refining and Chemical Co., Ltd. offers 8000 yuan / ton, and Shijiazhuang refining and Chemical Co., Ltd. offers 7850 yuan / ton,

Jiujiang Petrochemical offers 8000 yuan / ton, and Yangba offers 7800 yuan / ton,

Guangzhou Petrochemical quoted 8000 yuan / ton, and Maoming Petrochemical quoted 7900 yuan / ton,

Changling Refining and Chemical Co., Ltd. offers 8050 yuan / ton,

Xinhai Petrochemical offers 8050 yuan / ton.

2、 Fluctuation trend:

3、 Analysis comments:

In terms of crude oil, as the organization of petroleum exporting countries led by Saudi Arabia and its allies (OPEC +) sent a signal to reduce production, the market worried about tight supply, and the oil price was supported to rise.

Crude oil rose, while the external mixed xylene fell, and the guidance of external news was general. Today, the gasoline price rose, boosting the mixed xylene market. The on-site trading was general, and the price was temporarily stable.

According to the data monitoring of business agency, the acrylonitrile market fluctuated and consolidated this week (August 19-august 26). As of August 26, the domestic acrylonitrile spot market price was 8970 yuan / ton, a slight increase of 0.22% compared with 8950 yuan / ton last Friday. The supply side operation rate of the domestic acrylonitrile industry decreased slightly compared with the previous period, and the overall operation rate was around 60%. However, the pressure on the market supply side was still high, the downstream was mainly based on small orders of purchase according to demand, and the offers of merchants were slightly adjusted. As of August 26, the mainstream offer of acrylonitrile bulk water market in East China was between 8400 and 9200 yuan / ton.

This week (August 19-august 26), the price of raw material propylene fluctuated and fell slightly, with little change in cost. According to the monitoring of business agency, as of August 26, the domestic propylene price was 6920 yuan / ton, a slight decrease of 1.56% compared with 7030 yuan / ton last Friday.

The operating rate of ABS in the downstream increased slightly by about 80%, the low operating level of acrylic fiber and acrylamide industries was stable, and the demand for acrylonitrile was slightly improved, but the supply side of acrylonitrile continued to be loose.

Future forecast: the acrylonitrile analysts of business club believe that the current pressure on supply and cost restricts the action of acrylonitrile. However, the price of acrylonitrile has dropped to a stage low and the demand side has slightly improved. It is expected that acrylonitrile will be sold in the future

On August 25, the domestic cobalt price surged

According to the data monitoring of the business agency, the cobalt price rose on August 25, and the cobalt market rose. On August 25, the cobalt price was 356400 yuan / ton, an increase of 2.41% over the cobalt price of 348000 yuan / ton on the previous trading day. On August 24, the cobalt commodity index was 125.18, up 0.58 points from yesterday, down 47.60% from 238.91 points (2018-04-15), the highest point in the cycle, and up 79.24% from 69.84 points, the lowest point on July 5, 2016. (Note: the period refers to September 1, 2011 to now).

Key points of analysis

The price of cobalt in LME market rose, the price of MB cobalt surged, and the international cobalt price rose; Affected by the high temperature and drought, Sichuan Province has recently imposed a comprehensive power restriction, the Sichuan battery factory of Ningde times has stopped production, the lithium salt enterprises in Sichuan have stopped production, the supply of lithium salt has decreased, the supply of new energy batteries has decreased, and the production reduction of lithium salt enterprises has stimulated the price of lithium salt to rise, and the cobalt market to rise.

Future forecast

The demand is temporarily stable and the supply is declining, the cobalt industry chain is rising, and the driving force for cobalt price rise is increased. It is expected that the cobalt price will rise in the future.

The phenol offers in the national markets today are as follows:

Region, quotation, rise and fall

East China, 9450-9550, 300

Shandong Province, 9550, 200

Surrounding areas of Yanshan mountain, 9550, 250

South China, 9500, 200

In the early morning, lihuayi took the lead in raising 200 yuan / ton to 9500 yuan / ton, and continued to control the quantity of shipments. After the contract was completed, the tension of supply on the site increased. At noon, Sinopec in North China also increased 200 yuan / ton to 9500 yuan / ton. Up to now, although other factories have not officially notified, the market direction is very clear. The offers of major mainstream markets have pushed up 200-250 yuan / ton, and the rising sentiment of cargo holders is strong, and some are still waiting and waiting for offers. From the terminal, the enquiries are different. Most of them are enquiries in the morning, and the actual orders still need attention.