Price list of aluminum ingots

According to the data of business news agency, the average price of domestic aluminum ingots in East China market on January 29 was 14886.67 yuan / ton, which was 5.34% lower than the average price of 15726.67 yuan / ton at the beginning of the month (January 1).

At present, the horizontal movement of aluminum price is prominent, mainly based on the following factors:

1. Inventory weakening is less than expected

At present, near the end of the aluminum consumption off-season, the market expected social inventory accumulation phenomenon is less than expected. Social inventory is hovering below 700000 tons. At the end of December, this wave of inventory is slow, less than expected, and even slightly down in the near future.

2. High proportion of aluminum water supply and high output of extruded aluminum ingot

It is reported that in January 2021, the weighted proportion of molten aluminum in the aluminum industry was 64.61%, only 3.61% lower than that of last month; that is to say, the monthly increase of aluminum ingots was about 120000 tons, about 180000 tons lower than that of previous years.

Price trend

According to the data of the business club’s block list, the domestic PA66 market still rose in late January, and the spot prices of various brands increased. As of January 28, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 29900 yuan / ton, up 1.70% compared with the average price at the beginning of the month.

In terms of upstream adipic acid of PA66, China’s adipic acid market ended its downward trend in June, and the trend recovered. Most dealers quote tentatively high, East China, South China and other regions generally rose. At present, the operating rate of adipic acid manufacturers remains stable, about 80%. The market supply is relatively sufficient, and the inventory pressure of manufacturers is acceptable. At present, the pressure on the manufacturers’ inventory is not great. In the early stage, the dealers had a wave of price reduction to remove the inventory. At present, the social inventory is more reasonable. Combined with the replenishment behavior in the downstream years ago, the pressure on the supply side is generally controllable. However, near the Spring Festival, the market may gradually accumulate in the later period. Under the influence of the off-season effect of adipic acid, the market supply pressure may rise in the later period. Mainly due to the increased pressure on enterprises to ship, high price support may be unsustainable. It is expected that the market will have a smooth transition before the festival, and a small drop in prices will not be ruled out.

Adipic acid supported the cost side of PA66. Due to the tight supply of adiponitrile, the supply of PA66 was still slightly tight in late January, and the improvement of supply was limited. At the end of last year, the operating rate of Zhejiang Huafeng rose, and there was basically no news of a rise in the supply side. At present, domestic polymerization plants are mainly used to meet the contract orders, and the shortage situation outside the main customers may be even worse. At present, PA66 has no pressure on inventory, and the industry is willing to support the price. In addition, the upstream raw material has a high rise, while PA66 obtains the cost support, it is also supported by the cost pressure. Recently, there is just a need to pull the hoarding operation before the Spring Festival, and the domestic spot price has gone up.

Business analysts believe: PA66 in late January domestic market trend is strong, spot prices rose. The upstream product market remained firm after rising, which supported the cost of PA66. The price of outer market PA66 is at a high level, and before that, many international big factories have increased the product price of PA66 industry chain. The downstream take goods passively follow-up, just need to buy mainly, although the stock before the festival is gradually completed, but the cost side pressure makes the market reluctant to sell at low prices. PA66 market is expected to remain high in the short term.

1、 Price trend:

According to the data of the business club’s block list, the domestic PA6 market stopped falling in the second half of January, and the overall price level was still lower than that at the beginning of the month. As of January 27 of the new year, the mainstream offer price of the sample enterprises to CNMC 2.75-2.85 was about 127.6.67 yuan / ton, a 1.68% decrease compared with the average price level at the beginning of the month.

2、 The influencing factors were analyzed

Upstream, the current domestic caprolactam market is warmer than the first half of the month. At the beginning of this month, the domestic caprolactam price continued the high callback at the end of last year. After the festival, the spot price continued to decrease due to the recovery of supply. There was a change in supply in the second half of the month. The load of Haili chemical plant is low, and the operation rate of Baling Hengyi fluctuates. The price of raw material pure benzene has recently declined. Although the news of crude oil and external market is good, the inventory of downstream raw materials is high, and the enthusiasm for purchasing goods before the festival is not high. At present, the domestic caprolactam market is mainly oriented by the supply side, and the supply is tight in the second half of January, driving the price to pick up. When the supply and demand in the market gradually tend to balance, the adjustment range of material price may narrow.

Raw material caprolactam market stopped falling and turned warm, to a certain extent restored the cost support of PA6. In the middle of the month, the demand for conventional spinning began to increase, and the downstream factories gradually started the operation of stock preparation before the festival, which stimulated the demand for PA6 chips, and the overall inventory decreased. However, with the increase of price pressure on the cost side, the high offer in the chip market has been resisted by buyers. Spinning factory operating rate has been reduced, engineering plastics and modified plastics downstream have entered the Spring Festival holiday schedule. At the end of the month, the procurement of goods in stock and storehouse was basically completed, and the trading began to turn light.

3、 Future forecast:

Business analysts believe that: in late January, domestic PA6 market warmed up. The fluctuation of upstream caprolactam operation rate decreased, the tightening of supply supported the price, and PA6 cost side support and cost side pressure were the same. The downstream demand for goods preparation before the festival drove PA6 out of the falling market, and entered the pre Festival mode at the end of the month, and the market atmosphere gradually cooled down. It is expected that PA6 price will be adjusted in a narrow range in the near future.

1、 Price trend

According to the monitoring data of the business community, the price of caustic soda is weak, and the average price of Shandong market is 482.5 yuan / ton, down 16.81% compared with the same period last year. On January 25, the commodity index of caustic soda was 69.42, which was the same as yesterday, decreased by 66.44% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 6.62% compared with 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the market of caustic soda is weak as a whole, the atmosphere of conversation is weak, and the overall transaction is flexible. It is expected that the follow-up or narrow range of caustic soda will be weak. The price of caustic soda in Shandong is weak, and 32% of the mainstream ex factory price of caustic soda is 400-530 yuan / ton. The price of caustic soda in Hebei is temporarily stable, and 32% of the mainstream ex factory price of caustic soda is about 470-580 yuan / ton. The downstream purchasing demand is general. It is expected that the follow-up or narrow range finishing operation of caustic soda will be the main. The price of caustic soda in Henan Province is weak. The mainstream ex factory price of 32% caustic soda is 1300-1500 yuan / ton (100%). The downstream purchase demand is general. There is a certain conflict with the current price of caustic soda. It is expected that the follow-up or narrow range of caustic soda will be weak.

Demand: on the downstream side, the downstream industry is in the off-season of production, and the demand side lacks support. The good news is scarce, and the support for caustic soda market is still poor. It is expected that caustic soda will still maintain low-level operation in the short term. The purchasing of downstream enterprises is general, and the market price has little power to rise.

According to the price monitoring of the business community, in the 03 th week (1.18-1.22) of 2021, there were 2 kinds of commodities rising, 1 kind of commodity falling and 2 kinds of commodities falling to 0. The main commodities rising were hydrochloric acid (2.74%) and PVC (1.97%); the main commodities falling were calcium carbide (- 3.05%). This week, the average rise or fall was 0.33%.

Analysts from the business community believe that in the near future, the overall supply of caustic soda is sufficient, the overall ex factory price of caustic soda is stable and small, the cost side changes little, and the downstream purchasing demand is general. There is a certain conflict with the current price of caustic soda. Although a few caustic soda manufacturers tentatively pull up the offer, the impact on the market is limited. It is expected that caustic soda will be sorted out later or in a narrow range, depending on the downstream market demand.

Trend analysis

According to the data monitoring of the business association, cobalt Market stopped falling but rose this week, and cobalt market recovered. As of January 25, the price of cobalt was 311000.00 yuan / ton, up 0.76% from 308666.66 yuan / ton on January 17. Cobalt prices stopped falling and rebounded this week.

Cobalt salt price

Varieties / specifications ﹣ quotation market / region ﹣ quotation on January 25 ﹣ quotation on January 1 ﹣ rise and fall ﹣ unit

Battery grade cobalt sulfate (cobalt content ≥ 21%) Huayou cobalt Co., Ltd. $75000, 61000, 14000 / ton

Co3O4 (cobalt content 73% ± 0.3%) Huayou cobalt Co., Ltd. (?) 266000 218000 48000 yuan / ton

Cobalt oxide (≥ 72%) in Shanghai: 243500-253500-205000-215000 38500 yuan / ton

Cobalt sulfate (≥ 20.5%) made in China: 66000-69000 56000-59000 10000 yuan / ton

Cobalt chloride (≥ 24.2%) made in China: RMB 76000-80000; RMB 65500-69000; RMB 10750 / T

Co3O4 (≥ 72.8%) made in China: RMB 243000-260000, RMB 209000-217000, RMB 38500 / T

Cobalt carbonate (≥ 46%) made in China: 136000-146000 125000-135000 11000 yuan / ton

Lithium cobaltite (60%, 4.35v) made in China: RMB 250000-268000, RMB 222000-235000, RMB 30500 / T

From the price list of cobalt salt, it can be seen that the price of cobalt salt rose sharply in January, and the cobalt market rose, which was good for the cobalt market, and the rising power of cobalt price increased.

Market Overview

Bai Jiaxin, data analyst of business news agency, believes that the sharp rise of cobalt salt price in January has driven the cobalt market up. The price of cobalt rose sharply in January, and the recent rise of cobalt salt price slowed down, which weakened the positive stimulus to the cobalt market. The rising power of cobalt Market in the future still exists, but the rise of cobalt Market slowed down. Generally speaking, the cobalt market is good, but with the advent of the Spring Festival, the enthusiasm of cobalt market purchasing is weakened, and the rising power of cobalt market is weakened. Cobalt price is expected to rise slowly in the future.