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The upstream is higher and the lithium iron phosphate is stronger

According to the data monitored by the business society, as of August 11, the average price of lithium iron phosphate, a domestic high-class power product, was 52000.00 yuan / ton. The lithium iron phosphate market mainly operated smoothly in the recent week. Compared with the same period last week, the price did not change significantly. The downstream just needed to purchase, the price fluctuation range was small, and the negotiation atmosphere was flat.

The lithium iron phosphate market mainly operates stably, supply and demand are balanced, and the price trend is stable. At present, the mainstream quotation range of lithium iron phosphate power type is 51000-55000 yuan / ton, the quotation range of energy storage lithium iron phosphate is 46000-49500 yuan / ton, the current price range of battery grade lithium carbonate is 93000-96000 yuan / ton, and the price range of industrial grade lithium carbonate is 93000 yuan / ton. Most enterprises have adjusted their prices one after another, The lithium iron phosphate Market is steadily rising, and it is stable, medium and strong in the short term.

Since 2021, due to the sharp rise of upstream raw materials, lithium iron phosphate has followed all the way due to cost pressure. In late May, the price has stabilized and maintained a stable operation until August.

From July to August, the overall increase of lithium iron phosphate was 4%, which has maintained a stable and rising operation. At present, the price of lithium carbonate in the upstream is rising, and the momentum is not reduced, which forms a certain support for lithium iron phosphate. It is expected to maintain a strong operation in the future.

On August 10, the chemical index was 1116 points, down 2 points from yesterday, down 0.62% from 1123 points (2021-08-05), the highest point in the cycle, and up 86.62% from 598 points, the lowest point on April 8, 2020( Note: period refers to from December 1, 2011 to now)

Analysts of lithium iron phosphate in business society believe that the price of lithium carbonate in the upstream is high and rising rapidly, which has a certain support for lithium iron phosphate. It is expected that lithium iron phosphate will operate stably, moderately and strongly in the short term( If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

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On August 10, the market price of polybutadiene rubber was stable

Trade name: polybutadiene rubber BR9000

Latest price (August 10): 14240 yuan / ton

Key points of analysis: according to the monitoring of business society, as of August 10, the domestic price of CIS polybutadiene rubber was 14240 yuan / ton, an increase of 0.21% over the previous day; On the one hand, downstream tire enterprises still have a strong demand for cis-1,4-polybutadiene rubber, coupled with the low inventory of market merchants, the willingness to ship at a low price is reduced; On the other hand, since August, the price of natural rubber has been rising steadily, which has supported CIS polybutadiene rubber. According to the monitoring of business society, as of August 10, the price of natural rubber was 13287 yuan / ton.

Future forecast: the just needed support, the high raw material level and the recovery of natural rubber price have more impact on cis-polybutadiene rubber, but the short-term bearish atmosphere of crude oil has become a bearish factor in the petrochemical industry chain. It is expected that cis-polybutadiene rubber will rise steadily and tentatively in the short term.

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Nickel prices fell slightly on August 9

1、 Trend analysis

According to the nickel price monitoring of the business society, on the 9th, the nickel price fell slightly. The spot nickel quotation was 141766.67 yuan / ton, down 2.76% from the previous trading day, up 10.64% from the beginning of the year and up 23.6% year-on-year.

Macroscopically, the strong non-agricultural data stimulated the intraday surge of the US dollar index, closing up 0.55%, putting great pressure on the metal market, and the metal fell across the board. In terms of supply, the supply of nickel ore in the Philippines has recovered recently, and the tight supply situation has eased slightly. Downstream, the spot purchase of stainless steel is relatively light, the market is slightly cautious, and the stainless steel inventory has picked up, which makes the uncertainty of stainless steel price still strong.

Forecast: spot nickel is expected to remain high and volatile in the short term.

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The demand side performance was passive and the ABS market was poor at the beginning of the month

Price trend:

According to the bulk list data of business society, the domestic ABS market weakened in the first week of August, and the spot prices of some brands decreased. As of August 6, the average price of the mainstream offer of general-purpose ABS was about 17700 yuan / ton, a decrease of 0.56% compared with the average price at the beginning of the month and a year-on-year increase of 38.82%.

Factor analysis:

In terms of raw material styrene, the domestic spot price has decreased greatly recently. Previously, the far-end cost was dominated by the finishing and operation of crude oil chemical chain, and the cost of styrene was generally supported. In the short term, the industry is expected to increase supply. At the same time, due to cost pressure, the industry load has slightly callback this week. Recently, the direct upstream ethylene and pure benzene have fallen in price, and the cost side of styrene is bearish. In terms of demand, the main terminals followed up slowly, and the inventory of some ports increased. Multiple bad news led to the decline of styrene price at the beginning of the month. It is expected that styrene may fall more or rise less in the near future.

Upstream butadiene: due to the overall increase in the butadiene market in the early stage, the domestic spot price was corrected at a high level in the first week of August. The inquiry intention of terminal enterprises continues to weaken, and the focus of spot price continues to decline. In addition, the recent resumption and production of the industry coexist, and the supply side performance is empty. Although the external market is strong, it has not yet reached the export window price. In addition, the rebound of public health events has also caused some circulation resistance and increased supply pressure. Butadiene market is expected to continue its weak trend.

Most of the upstream market weakened, and the cost side support of ABS was weakened. In terms of supply, the low resumption of work last month still increased the on-site supply, and the inventory of finished products still showed an upward trend recently. In addition, the market demand follow-up is insufficient. Although the profitability of the industrial chain tends to be concentrated in ABS, the cost pressure exists at the same time. With the increase of shipment resistance, the spot price fell locally.

Future forecast:

Business analysts believe that the spot market of ABS weakened in early August, the upstream trend was poor, and the support for ABS cost was weakened. The supply side support is gradually weakened due to the overall high load of the industry. At present, the demand of terminal enterprises is general. Under the stalemate of on-site offer, local prices have fallen secretly, and the mentality of operators has changed to cautious wait-and-see. The actual trading has decreased, and it is expected that the recent ABS spot market may be deadlocked.

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Acrylic acid prices continued to rise, with a year-on-year increase of more than 110%

According to the bulk list data of business society, as of August 4, the average quotation price of acrylic acid in East China was 15066.67 yuan / ton, up 32.94% compared with July 1, 4.39% compared with July 31 and 112.71% compared with the same period last year.

In July, the acrylic acid market rose steadily, with a monthly increase of 27.35%. In July, the acrylic acid market was tight and the price rose, the export inquiry increased significantly, the export orders of mainstream enterprises were delivered in an orderly manner, the industry inventory was low, and some enterprises shut down for maintenance, the market supply was tight, the just need support was obvious, and the market was driven by a strong atmosphere. Affected by the typhoon at the end of the month, the supply of factories in some areas was limited, the market supply and demand was tight and balanced, and the price focus gradually rose. In August, some factories were overhauled one after another, the overall market supply was tight, the transaction atmosphere was acceptable, and the price continued to rise.

Upstream propylene, according to the bulk list data of business society, as of August 3, the reference price of propylene was 7845.82, up 0.27% compared with August 1 (7824.91). The market trading was stable and the price was mainly stable.

According to the acrylic acid analysts of business society, generally speaking, at present, the stable price of raw material propylene is the main factor, and the cost impact is limited. The continuous tight spot supply is still the main factor supporting the market. It is expected that the acrylic acid market may operate strongly in the short term, and more attention should be paid to the guidance of market news

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