According to the bulk list data of Business News Agency, the average price of domestic industrial lithium hydroxide enterprises was 443333.34 yuan/ton as of February 21, down 2.92% from the price of last Tuesday (February 14).

In the near future (2.14-2.21), the domestic industrial lithium hydroxide market is weak. Recently, the upstream lithium carbonate price is weak, the support for lithium hydroxide is weak, the supply of lithium hydroxide is sufficient, the demand is flat, the willingness of downstream procurement and stock preparation is not high, the market transaction is limited, the operators’ mentality is insufficient, and the focus of lithium hydroxide market negotiation has declined.

Upstream lithium carbonate, according to the monitoring of the data of the Business News Agency, the price of industrial lithium carbonate is weak recently. On February 20, the reference price of lithium carbonate – industrial grade was 426600.00, down 8.38% from February 1 (465600.00).

The lithium hydroxide analyst of the Business Agency believes that the upstream lithium carbonate is weak at present, and the support for the lithium hydroxide market is not good, and the market transaction atmosphere is weak. It is expected that the lithium hydroxide market will continue to operate in a weak manner for a short time.

According to the monitoring data of Business News Agency, the price trend of TDI in East China continued to decline this week. On February 17, the average market price in East China was 20100 yuan/ton, down 2.90% compared with the price of 20700 yuan/ton on February 11, and up 4.69% month-on-month.

This week, the TDI market was in a weak operation. The news from the suppliers was quiet during the week. The factory supply was still tight, the inventory was not under pressure, the trade market atmosphere was relatively low, the terminal downstream trading was weak, the demand for raw materials was less than expected, the TDI market trading was deadlocked, the traders’ falling prices stimulated shipments, the market transaction center moved downward, and the TDI price continued to decline as of the 17th, The quotation range of domestic goods in the distribution market in East China is about 1950-19800 yuan/ton, and the quotation range of Shanghai goods is 1980-20200 yuan/ton, which is based on the negotiation of actual orders.

The upstream toluene market was consolidated and the price trend rose slightly. As of February 17, the domestic average price of toluene was around 7140 yuan/ton, an increase of 0.56% compared with the price of 7100 yuan/ton on February 11. After the opening up of the economy, the market’s demand for China’s energy rose, boosting the rise of oil prices, and the downstream terminals were in the recovery and rising period as a whole, giving some support to the toluene industry. The toluene market fluctuated slightly.

According to the aftermarket analysis, TDI statisticians of the business agency believe that at present, the market mentality is game, the weak terminal demand stimulates some operators to reduce their prices, coupled with the early stage’s attitude of resistance to high-priced supply, the TDI price trend is downward, the supplier’s operating rate is low, the market supply is tight, and the supply side is still good. In the short term, the TDI market is stagnant, and in the long term, the price range fluctuates. There is follow-up under specific attention.

According to the data monitoring of Business News Agency, as of February 17, 2023, the domestic market price of butanone was 8966 yuan/ton. Compared with February 1, 2023 (the reference price of butanone was 8533 yuan/ton), the price increased by 433 yuan/ton, or 5.08%.

It can be seen from the data monitoring chart of the business agency that in the first ten days of February, the domestic butanone market as a whole was running steadily upward. The main driving force for the rise of the market of isobutanone is the continuous rise of the C4 market after the end of the raw material ether, which gives the cost support for butanone to be strengthened continuously. In order to alleviate the cost pressure, the butanone industry has made an increase in the price of butanone by 300-400 yuan/ton. However, the downstream demand for butanone was weak, the overall demand support was general, and the momentum for the continuous rise of butanone market was limited. In this week, the overall butanone market entered a stable consolidation and operation trend after the rise. As of February 17, the domestic market price of butanone was around 8600-9000 yuan/ton.

Aftermarket analysis of butanone

At present, the downstream terminal demand for butanone has not yet fully recovered. The overall support for butanone from the demand side is slightly loose. The new butanone transaction is general, and the overall inventory of the supply side butanone market is relatively sufficient. The butanone statistician of the business agency believes that in the short term, the domestic butanone market is mostly volatile, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

Since February, the focus of the domestic spandex market has been moving upward. According to the monitoring of the Business Agency, the average market price of the 40D specification was 38000 yuan/ton as of February 16, up 6.29% from the beginning of the month and down 34.37% year on year. The start of spandex industry has increased to more than 80%, the cost support has been maintained, and the start of downstream enterprises has been improved, continuously boosting the price of spandex.

Recently, the price of PTMEG in the spandex field has continued to rise, and the overall market supply is limited, with the negotiated price of 20000-22000 yuan/ton. The pure MDI market reference is stable in the range of 19000-9500 yuan/ton by T/T, and the mainstream traders are more stable in price delivery.

The buying and selling atmosphere of downstream customers and dealers has rebounded, and the construction of many fields of terminal textiles has been slowly improved, with the construction of 3-4% in the circle machine field and 50% in the warp knitting field. The demand trend has begun to increase.

Analysts from the Business Agency believe that the current cost of spandex and demand both support the price of spandex, and it is expected that the price of spandex will remain relatively strong in the future.

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.