According to the price monitoring of the business agency, on June 2, the price of primary metallurgical coke in Shanxi was 3116 yuan / ton, unchanged from the previous day.

The mainstream of coking coal prices is running smoothly. In terms of origin, most coal mines maintain normal production, and the downstream mainly purchases on demand. Affected by environmental protection inspection, the coal supply has been tightened; The mood of downstream coke has picked up, but it is cautious to purchase raw materials. The price of coking coal may be adjusted and operated in a stable manner, and the specific demand of downstream market.

On February 2, the coke market price was temporarily stable. At present, the coking enterprises are operating normally. Most of the goods in the plant flow to traders. The inventory in the plant is running at a low level, and the sales situation is good. Some enterprises’ profits were damaged, and the enterprises took the initiative to limit production by 10-30%. At present, the downstream steel mills are actively engaged in operation, with a high overall operating rate, still good demand for coke, and a slight recovery in the profits of the steel mills. The downstream rigid demand still exists. Recently, the futures market has performed well. Traders have actively entered the market to inquire about goods. Coke sales have improved, and coke enterprises’ mentality has gradually strengthened. It is expected that the coke price will remain stable in the short term. In the future, we will focus on the coke inventory in all links, the production restriction of coke enterprises, the price trend of coking coal and the sales of downstream finished products.

On June 1, DOP price was temporarily stable

According to the data monitoring of the business club, on June 1, the DOP price stabilized and the DOP market stabilized. On June 1, the DOP price was 11912.50 yuan / ton, which was the same as the DOP price of 11912.50 yuan / ton on the previous trading day; DOP cost tends to be stable and DOP market remains stable.

Key points of analysis

The price of raw material isooctanol fell, the price of phthalic anhydride rose, and DOP cost was adjusted weakly; Downstream plastic PVC prices tend to stabilize and demand picks up; The downward pressure of plasticizer still exists, and the upward momentum is weakened.

Aftermarket expectation

The demand for cost reduction is temporarily stable, the upward momentum of DOP is weakened, and the downward pressure remains. It is expected that the DOP price will be adjusted in the future.

Cobalt price fell sharply in May

According to the monitoring data of the business club, the cobalt market fell sharply in May, and the cobalt price fell sharply. As of May 31, the average price of cobalt was 449400 yuan / ton, down 16.78% from 540000 yuan / ton on May 1. The demand of cobalt market fell significantly, and the cobalt price fell sharply in May.

Sales of new energy vehicles fell month on month

According to the data released by China Automobile Industry Association, new energy vehicles are one of the few bright colors in the automobile industry in April. In April, the production and sales of new energy vehicles reached 312000 and 299000 respectively, down 33.0% and 38.3% month on month, with a year-on-year increase of 43.9% and 44.6%. Although the production and sales continued to maintain rapid growth year-on-year, they decreased month on month, and the year-on-year growth slowed down. The demand of the cobalt market fell, and the pressure on the cobalt market increased.

Decline in ternary battery output

In April, China’s ternary battery output was 12.6gwh, a month on month decrease of 27% and a year-on-year increase of 55%; In April, China recovered 19421 tons of used lithium batteries, a month on month increase of 1.2% and a year-on-year increase of 31%. In May, the market demand for cobalt salt, ternary and lithium cobaltate was low, mainly for purchasing, and the inventory of downstream enterprises was low, so the demand for cobalt was low. The output of ternary batteries decreased, the recycling of waste batteries increased, the demand of cobalt market declined, and the supply rose. The overall momentum of cobalt market rose weaker, and the downward pressure increased.

Mobile phone sales fell sharply

According to the data released by the Ministry of industry and information technology, from January to April, the output of mobile phones among the main products was 480million, a year-on-year decrease of 1.3%; The output of microcomputer equipment was 140million units, a year-on-year decrease of 2.8%. According to customs statistics, from January to April, China exported 59.97 million laptops, a year-on-year decrease of 15.9%; 270Million mobile phones were exported, a year-on-year decrease of 14.2%. The output and export of electronic products both fell sharply, the demand of cobalt market fell, and the pressure of cobalt price decline increased.

Decline in international cobalt price

It can be seen from the trend chart of LME cobalt price that the LME cobalt price fell sharply in May, the international cobalt price fell, the cobalt market fell, dragging down the domestic cobalt market, increasing the negative impact on the domestic cobalt market, and increasing the downward pressure on the domestic cobalt price.

Market Overview

Baijiaxin, a data analyst at the business agency, believes that the sales of new energy vehicles and mobile phones have both declined, the demand for cobalt has declined significantly, the cobalt market has declined across the board, the price of cobalt salt has fallen sharply, and the international price of cobalt has fallen sharply; On the supply side, the battery recycling market is advancing slowly, and the supply of cobalt market has increased. Generally speaking, under the background of obvious decline in cobalt market demand and relatively stable supply, the downward pressure on cobalt price has increased and the upward momentum is insufficient. With the steady progress of resumption of work and production, the future cobalt market demand is expected to grow slowly, but the short-term recovery speed of cobalt market demand may be difficult to meet expectations, and the downward pressure on cobalt price still exists. In the long run, new energy vehicles have become the largest end consumer of cobalt. With the growth of new energy vehicle sales, The steady growth of cobalt market demand is inevitable. Cobalt prices are still supported by high prices. There is limited room for future cobalt prices to fall. Future cobalt prices may stop falling and recover.

1、 Price trend

Latest price (May 30):17333.33 yuan / ton

Key points of analysis: on May 30, the price of refrigerant R22 was 17333.33 yuan / ton, down 0.95 compared with the previous day, up 3.17% year on year. The price of raw material chloroform fell, the cost support became weaker, and the market supply increased. At the same time, the demand did not increase. Under various negative conditions, R22 prices fell steadily. At present, the price of raw hydrofluoric acid is mostly 11730 yuan / ton, the price of chloroform is about 3575 yuan / ton, and the market price of R22 is mostly in the range of 16000-18000 yuan / ton.

The R22 market is expected to be stable and weak.

According to the monitoring data of business agency, the average price of acetic acid in East China was 5280 yuan / ton on May 27. Compared with the price of 5080 yuan / ton at the beginning of the week, it was increased by 200 yuan / ton during the week, an increase of 3.94%, and an increase of 23.94% month on month. As of May 27, the market price of acetic acid in various regions rose and fell as follows:

Region, May 23, May 27, Price fluctuation

South China, 4650 yuan / ton, 4850 yuan / ton, + two hundred

North China, 4900 yuan / ton, 5200 yuan / ton, + three hundred

Shandong region, 4900 yuan / ton, 5200 yuan / ton, + three hundred

Jiangsu region, 4800 yuan / ton, 5100 yuan / ton, + three hundred

Zhejiang region, 4900 yuan / ton, 5200 yuan / ton, + three hundred

During the week, the acetic acid market generally rose, and the price trend continued to rise. There are a lot of maintenance of acetic acid devices in the yard. According to the market news at the beginning of the week, Shandong Yankuang’s 1million / ton acetic acid device was shut down for maintenance on May 25, the market supply was reduced, the mentality of the operators was strong, the quotation was increased, and other regions followed the increase. The price was increased by 200-300 yuan / ton during the week. The downstream demand was ok, and the enterprise mainly purchased on demand. The enterprise inventory was not under pressure, and the shipment was smooth. The quotation of the goods holder was increased according to the shipment situation.

The upstream methanol is in weak operation. In terms of spot goods, the market is generally buying gas, the demand is mainly long, the overall shipment is OK, the market is rising weakly, and the operation is fluctuating in a narrow range. As of May 27, the average price of methanol production enterprises is about 2620 yuan / ton, a decrease of 1.53% in the week.

In the downstream, the market of ethyl acetate was consolidated and operated. In terms of enterprise commencement, most of the units of East and South China Manufacturers operated normally, with sufficient market supply. In terms of demand, the downstream plants had weak purchase intention, mostly traded at the low-end price of small orders, with average overall profit. There was support from the market of acetic acid, and the trend of ethyl acetate was mainly on the sidelines.

According to the acetic acid analysts of the business society, most of the devices in the acetic acid market are overhauled, there is less spot supply, the suppliers are supported by good news, the acetic acid price is mainly high, the downstream demand is stable, the purchasing just needs to be followed up, the enterprise inventory is not under pressure, and the shipment is smooth. In addition, some of the devices in the later period may be overhauled. It is expected that the acetic acid market will be sorted up, and the specific attention will be paid to the devices of.