Slight concussion during the week

According to the data of business agency, on April 22, the average market price of domestic aluminum ingots in East China was 21810 yuan / ton, up 0.32% week on week, down 4.09% from the average market price of 22740 yuan / ton at the beginning of the month (4.1); Compared with the average market price of 20370 yuan / ton at the beginning of the year (January 1), an increase of 7.07%.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 10.02% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 16.67% recently.

Summary of basic data of aluminum industry chain in March

According to the data of the National Bureau of statistics, China’s alumina output was 6.853 million tons in March 2022, a year-on-year increase of 4.5%; From January to March, the cumulative output was 18.624 million tons, a year-on-year decrease of 3.5%.

In March, the output of electrolytic aluminum was 3.298 million tons, a year-on-year increase of 1.8%; From January to March, the cumulative output was 9.633 million tons, a year-on-year decrease of 0.4%.

In March, the output of aluminum materials was 5.28 million tons, a year-on-year decrease of 3.6%; From January to March, the cumulative output was 13.937 million tons, a year-on-year decrease of 0.5%.

In March, the output of aluminum alloy was 1.049 million tons, a year-on-year increase of 14.8%; From January to March, the cumulative output was 2.559 million tons, with a year-on-year increase of 11.3%.

Latest price (April 21): 10640 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, on April 21, the market price of phosphoric acid was 10640 yuan / ton, up 0.57% from the previous day and 102.67% year-on-year. At present, the price of raw yellow phosphorus continues to rise, the supply is tight, the focus of phosphoric acid market moves upward, the quotation of enterprises rises steadily, and some enterprises suspend the quotation, but the enthusiasm for high price transaction is not high, and the overall fluctuation is small. At present, the price of yellow phosphorus as raw material is about 38000 yuan / ton, and the market price of phosphoric acid is about 11000-12000 yuan / ton.

It is expected that the focus of phosphoric acid market will move upward in the short term.

Trade name: monoammonium phosphate

Latest price: 3625 yuan / ton

Key points of analysis: the price of monoammonium phosphate was stable on April 20, which was flat compared with the previous trading day. Today, the price of raw sulfur increased, the price of raw phosphate rock remained stable, and the cost side continued to put pressure. The downstream purchases on demand, and the on-site trading volume is general. Some enterprises suspend quotation, receive a small number of orders and mainly issue early orders. Today, the mainstream factory quotation of 55 powder ammonium in Henan is about 3550 yuan / ton, and the mainstream factory quotation of 55 powder ammonium in Anhui is about 3700 yuan / ton. The actual transaction can be negotiated.

Future forecast: the price of monoammonium phosphate will rise steadily in the short term.

According to the data monitoring of business agency, the average price of propane in Shandong market was 7030.75 yuan / ton on April 18 and 6993.25 yuan / ton on April 19, with a single day decline of 0.53%, an increase of 4.04% compared with April 1.

On the 19th, the domestic propane market rose and fell, and the propane Market in Shandong decreased partially, but the decline was small. Although the rise in international crude oil prices has brought some benefits to the market, the market terminal demand remains weak, the transaction atmosphere is limited, and the price is mainly weak. It is expected that the price of propane market may continue to be weak in the short term.

Trade name: acetic acid

Latest price (April 18): 5020 yuan / ton

Key points of analysis: today’s acetic acid market is weak and downward. The average market price in East China has been reduced by 1.57% compared with the previous working day, and the price of acetic acid in Shandong has been reduced by 150 yuan / ton. Affected by public health events, logistics and transportation are blocked, freight rates rise, downstream purchase intention is general, and enterprises have difficulties in delivering goods. In order to maintain the shipment, the manufacturer’s quotation has been reduced.

Future forecast: the short-term acetic acid market will continue to be weak, with specific attention to the market supply.