Price trend

According to the data of the business club block list, on April 28, the domestic POM market remained stable at a high level, and the spot prices of various brands fluctuated and adjusted. As of press release, the average offer price of the POM injection molding sample enterprises of the business club was about 15033.33 yuan / ton, up 2.50% compared with the average price at the beginning of the month.

Cause analysis

POM upstream formaldehyde, business community commodity list data show that the average price of Shandong formaldehyde on April 28 was 1370.00 yuan / ton, compared with the same period last year, an increase of 56.87%. At present, a new round of 20 day environmental protection inspection in China is coming to an end. The downstream plate production is expected to increase, and the demand for formaldehyde may rise. However, the price of upstream methanol is increased, the cost is increased, and the profit is reduced in theory. The atmosphere of formaldehyde manufacturers’ stock preparation is relatively general, and the formaldehyde market rises slightly. It is expected that the price of formaldehyde in Shandong may still rise in the near future.

The upstream price is stronger, and the cost support of POM is stronger than that in the middle of the year. At present, it is in the peak season of maintenance. The tightening of domestic POM supply is beneficial to the site. The enterprise maintains the willingness to make a high report in the early stage. The M90 reference price of Tianye Chemical is about 14500 yuan / ton, and the actual order is negotiated. Yuntianhua M90 ex factory reference price is about 16600 yuan / ton, firm offer for negotiation. The POM unit of Shenhua Ningmei coal works normally. The reference price of mc90 is about 14000 yuan / ton, with cash withdrawal. With the May Day holiday approaching, the warming up of the downstream goods preparation operation is limited, and the on-site delivery orders are generally small, indicating that the market is in the range of digesting high prices. At the end of the month, the merchant’s mentality is general, the offer is stable, and the shipment tends to follow the market.

Future forecast

Business analysts believe that: the domestic POM market is in a stable trend after rising recently. The trend of formaldehyde and methanol in the upstream is positive, the cost support of POM is strong, and the improvement of on-site supply is limited. Although the supply side is good for the market, the profits of downstream enterprises are compressed under the pressure of high costs, so the heat of stock preparation before the festival is damaged, and there is no large volume of trading on the floor. It is expected that the POM market will be deadlocked in the near future.

According to the price monitoring of business news agency, the price of sulfur in East China rose this week. The average price of sulfur production at the weekend was 1486.67 yuan / ton, up 2.53% compared with 1450.00 yuan / ton at the beginning of the week and down 2.06% compared with the beginning of the month.

This week, the domestic sulfur market rose as a whole. The inventory of refineries in various regions of the country remained low, and the shipment performance was acceptable. The downstream plants entered the market and purchased on demand. The market lacked the guidance of substantive information, and the operators were mainly wait-and-see. During the week, refineries in various regions of China adjusted their prices according to their own shipment situation. In East China, the price of liquid sulfur was increased by 20 yuan / ton, and that of solid sulfur was increased by 20-50 yuan / ton; Solid and liquid sulfur in North China and Shandong increased by 40-50 yuan / ton at the same time, and sulfur market generally went up. As of the 25th, the regional price of sulfur in China is as follows:

region varieties April 25th

East China Sulfur (particle) 1450-1540 yuan / ton

North China Sulfur (particle) 1420-1470 yuan / ton

Shandong Province Sulfur (particle) 1480-1520 yuan / ton

In the downstream phosphate fertilizer market, the prices of monoammonium phosphate and diammonium phosphate were weak and stable, the domestic spring ploughing came to an end, the market demand of ammonium phosphate was weakened, the transaction atmosphere was weak, and the future market continued to be stable. In terms of sulfuric acid, the market price in Shandong increased by 2.35% in the week. At present, the main acid enterprises in Shandong stop for maintenance, some sulfuric acid manufacturers are under started, the market supply is tight, the enterprises increase the quotation, the downstream demand is stable, and the later sulfuric acid Market may continue to rise.

According to sulfur analysts of business news agency, the domestic sulfur market is on the rise, and most of the on-site trading is based on demand procurement. In terms of market supply, domestic refinery inventory remains low, and the supply and demand performance is relatively stable. At present, the market lacks substantive information guidance, so the short-term sulfur market is reorganized and operated, and the downstream follow-up situation is concerned.

From April 19 to April 23, 2021, the crude benzene market price decreased, and the domestic ex factory price was 4345 yuan / ton at the beginning of the week and 4775 yuan / ton at the end of the week, with a weekly rise of 9.9%.

In April 2021, Sinopec’s listed price of pure benzene was raised five times, and now it is 7300 yuan / ton, of which Qilu Petrochemical is 7250 yuan / ton. This week, it was raised twice, with a total of 450 yuan / ton.

This week, with the price of pure benzene rising, the domestic pure benzene station reached 7000 yuan / ton. Sinopec raised the ex factory price of pure benzene twice in a row, while the price of hydrogenated benzene increased significantly. Next week is approaching the 51st holiday, there is a certain demand for goods preparation in the downstream, and the unsaturated resin in the downstream of pure benzene is currently in the peak season of the industry, the styrene inventory is low, the spot circulation is tight, the market price is firm, multiple positive supports, and the price of hydrogenated benzene has increased significantly. Crude benzene market was supported by high price from downstream, and bidding price rose sharply this week.

In the future, the business community believes that there are many positive factors in the fundamentals, but the current price is relatively high, and the downstream enterprises are slightly resistant. Moreover, the pure benzene inventory in the port is stable at about 110000 tons, and the speed of de inventory is slowing down. In addition, hydrobenzene enterprises have a certain resistance to high price Crude Benzene and a strong price depression mentality, which is expected to be weak in the future.

1、 Price trend of lithium hydroxide

(Figure: p-value curve of lithium hydroxide product)

2、 Market analysis

According to the data of the business club’s block list, as of April 25, the average price of domestic industrial lithium hydroxide enterprises was 80333.33 yuan / ton, which was flat compared with the beginning of the week, up 7.11% compared with April 1 and 7.11% compared with March 25. This week, the domestic industrial grade lithium hydroxide Market maintained a stable operation trend, and the enterprises mainly delivered early orders.

According to customs statistics, in March 2021, China’s lithium hydroxide import volume was 361.5 tons, the import amount of the month was about US $2.45 million, and the average import price of the month was US $6766.73/ton. According to customs statistics, in March 2021, China’s lithium hydroxide export volume was 4769.12 tons, the export amount of that month was about US $10.37 million, and the average export price of that month was US $8465.47/ton.

According to the data monitoring of the business community, the price of lithium carbonate in the upstream is in a stable state recently, and most enterprises have not adjusted their quotations. As of April 23, the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton, which was the same as that at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 87000 yuan / ton on April 1). On April 23, the average price of battery grade lithium carbonate in East China was 90600 yuan / ton, which was the same as that at the beginning of the month (the average price of carbon in East China was 90600 yuan / ton on April 1).

According to the price monitoring of the business community, in the list of commodity prices in the 16th week of 2021 (4.19-4.23), there were 41 kinds of commodities in the chemical industry sector that rose month on month, of which 9 kinds of commodities increased by more than 5%, accounting for 9.8% of the number of commodities monitored in the sector; Crude benzene (9.90%), hydrobenzene (7.63%) and styrene (5.57%) were the top three commodities. There were 17 kinds of commodities that declined on a month on month basis, and one commodity with a decline of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; The top three products were DMF (- 9.01%), dichloromethane (- 3.89%) and TDI (- 3.47%). The average rise and fall this week was 0.72%.

3、 Future forecast

According to the lithium hydroxide analysts of business club, the current cost side has some support, and the market atmosphere is acceptable. It is expected that the domestic industrial lithium hydroxide Market will be stable in the short term, and the specific trend needs to pay more attention to the market information guidance.

According to the monitoring data of the business community, as of April 23, the average quoted price of silicone DMC in the mainstream area of data monitoring was 28066 yuan / ton, which was 267 yuan / ton lower than that on April 19 (28333 yuan / ton), a decrease of 0.94% in the week; Compared with the reference average price of silicone DMC of 29233 yuan / ton on the first day of the month, the average price decreased by 1167 yuan / ton, or 3.99%.

In the first ten days of April, the domestic silicone DMC market was stable with a small margin. The offer prices of individual factories were lowered, the number of new orders in the downstream increased and decreased, and the wait-and-see sentiment in the market gradually intensified.

Nearly in the middle of the month, on the 12th, lubon Industry Co., Ltd. sharply lowered the ex factory quotation of silicone DMC to 26400 yuan / ton, which immediately caused an uproar in the market and increased the worries of the industry about the future market. After the market suddenly went down, on the 14th and 15th, the market price was temporarily pulled back in the low valley, and the reduction of downstream orders was difficult to support the sustained recovery. The silicone DMC market entered the shock stage, and the market went down again.

At the beginning of this week, the silicone DMC market entered a stable operation mode from the early shock. Towards the end of the week, the market showed signs of weakness. The offer price of silicone DMC in some factories was reduced by about 300-500 yuan / ton at the end of the week, and the low-end quotation was reduced to 25700 yuan / ton. As of the 23rd, the average ex factory price of silicone DMC was 28066 yuan / ton, Compared with the price on Monday (19th), the average price decreased by 267 yuan / ton, or 0.94%, and compared with the price on the 1st of this month, the average price decreased by 1167 yuan / ton, or 3.99%.

In the short term, DMC will continue to be weak

At present, although silicone monomer plants have pre order processing, the ability to increase new orders has weakened. The downward adjustment of silicone DMC prices by individual large plants also affects the mood of downstream enterprises. At present, the wait-and-see situation is increasing. Therefore, the silicone DMC analysts of business community believe that the silicone DMC Market will pick up sharply in the short term, showing a little weakness, Most of them will continue the weak sorting operation.