According to the monitoring of the commodity market analysis system of the business agency, the prices of industrial and battery grade Lithium carbonate rose first and then fell in June, but the overall trend is still slightly upward. On June 30, the average domestic mixed price of industrial Lithium carbonate was 298000 yuan/ton, up 2.76% from the average price of 290000 yuan/ton on June 1. On June 30, the domestic mixed average price of battery grade Lithium carbonate was 312400 yuan/ton, up 0.77% from the average price of 310000 yuan/ton on June 1.

From the observation of market changes, the price of Lithium carbonate rose first and then fell in June, and the price was weak and declined near the end of the month, but the overall trend of this month is still rising at the beginning. In mid to early June, the upstream raw material supply side was limited, resulting in unstable mica production, and the price of lithium mica continued to rise. Some lithium salt factories still faced difficulties in purchasing mica, leading to increased production costs. This makes the Spot market of Lithium carbonate still show the sentiment of being a detective, while the big factories also maintain the attitude of being very expensive. The price of Spodumene is relatively stable, so the production of some lithium salt plants is relatively stable.

In late June, the price of lithium mica remained stable, and although traders’ quotations remained high, the market trading dynamics were relatively flat. While the CIF price of Spodumene concentrate remained stable, and the pricing power of Australian mines remained strong during the price shock of Lithium carbonate, which made the price game between domestic lithium salt plants and Australian mines still fierce.

In terms of demand, the market activity in the first ten days of June was average. Due to the sufficient replenishment in the early downstream period and the pressure of Lithium carbonate price transmission, it was mainly wait-and-see. While the terminal car market has recovered, the inventory of Car dealership has been continuously consumed, and gradually recovered to the inventory warning index, which dropped to 55.4%. However, the Spot market of Lithium carbonate is in an obvious upswing mood, and the mentality of big manufacturers to support prices is maintained.

In late June, although the sentiment of large manufacturers supporting prices remained stable, due to weak demand for restocking in the current market, it was difficult to achieve transactions at high prices. In addition, due to the pressure of semi annual financial reports, some Lithium carbonate factories have been selling at low prices from time to time. In addition, downstream production is at a high level, so the supply-demand game is still evident.

The downstream Lithium hydroxide market ran at a high level after rising. In the first half of June, the upstream Spodumene price ran at a high level. The price of Lithium carbonate rose steadily, and the cost support was firm, which boosted the price mentality of the industry. The enterprise quotation rose. The manufacturers were dominated by long-term orders, and the downstream more just needed to follow up. The enthusiasm of inquiry increased. However, the market was generally closed with new orders, and the wait-and-see atmosphere was strong. In the second half of the month, the cost support continued, the operating rate of downstream material plants increased, and the enthusiasm for market inquiry was fair, but the actual transaction was limited, the capacity utilization rate of production enterprises was limited, and the focus of Lithium hydroxide market negotiation was stability.

The price of downstream Lithium iron phosphate rose slightly. The focus of market negotiation in June was on the high side. The operating rate of Lithium iron phosphate continued to increase due to better demand. The high price of upstream Lithium carbonate supported the cost of Lithium iron phosphate to a certain extent. The downstream market for new energy vehicles and energy storage is relatively active, with good delivery performance. However, the supply and demand sides of the market also maintain a game state and continue to wait and see.

According to Lithium carbonate analysts from the business agency, the current price trend of Lithium carbonate market is relatively weak, the low price selling state of enterprises has slightly increased, the willingness of downstream to accept high price Lithium carbonate has weakened, the game between market supply and demand has continued, the market has more to wait and see the demand and purchase volume, and it is expected that the price of Lithium carbonate may be adjusted weakly in the short term.

According to the commodity market analysis system of the business community, as of June 29, the average price quoted by Epichlorohydrin enterprises was 7575.00 yuan/ton, down 2.26% compared with the price on Monday.

The market of Epichlorohydrin fell this week (6.26-6.29). Recently, the price of raw material propylene has narrowed down, with stable prices of raw material glycerol as the main factor and some cost support. Some factories have no inventory pressure, supporting a high price mentality. Downstream consumption of inventory raw materials is the main factor, and the enthusiasm for inquiries in the market is average, with cautious wait-and-see as the main factor. The market trading atmosphere is light, and some enterprises have lowered their quotations.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on June 28th was 6513.25, an increase of 0.81% compared to June 1st (6460.75).

Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on June 28th was 12533.33, a decrease of 10.48% compared to June 1st (14000.00).

The Epichlorohydrin analysts of the business society believe that the cost support is still acceptable, but the supply and demand support is still insufficient, and the market atmosphere is general. It is expected that the epichlorohydrin market will be weak in the short term, and more attention should be paid to the market news guidance.

Ethylene glycol price moves down after the Dragon Boat Festival

According to data from Business News Agency, on June 28th, the average price of domestic oil to ethylene glycol was 3955 yuan/ton, a decrease of 1.74% compared to before the holiday. The prices in various regions are as follows:

The price range for spot goods executed by mainstream manufacturers in East China is between 3750 and 4075 yuan/ton; The spot price of ethylene glycol in the South China market is 3900 yuan/ton, while the price range for mainstream manufacturers in Central China is 3850 yuan/ton; The spot price for mainstream manufacturers in North China is 4150 yuan/ton.

On June 27th, the CIF price of ethylene glycol in China was 450 US dollars/ton; The CIF Southeast Asia price is 473 US dollars per ton.

At present, the price of coal based ethylene glycol is relatively low, with factory prices ranging from 3450 to 3500 yuan/ton.

According to the Commodity Market Analysis System of the Business Society, as of June 27th, the average price of epoxy propane enterprises was 9600.00 yuan/ton, a decrease of 0.39% compared to last Tuesday (June 20th).

Recently, the epoxy propane market has experienced a rise and then a decline, with a narrow range of fluctuations. The cost support before the holiday is average, and the supply side devices are mainly stable. Downstream equipment just needs to be prepared before the holiday, and the market is stable and strong. After the holiday, the price of raw material propylene increases, and cost support increases. Some inventory is under pressure, and downstream wait-and-see reduction follows. As the price of epoxy propane decreases, factory shipments have rebounded. On the 27th, the mainstream quotation in the Shandong epoxy propane market was around 9150-9300 yuan/ton.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, on June 26th, the reference price for propylene was 6475.75, an increase of 0.23% compared to June 1st (6460.75).

The epoxy propane analyst at Business Society believes that the current cost support is still acceptable, and the supply side pressure is temporarily controllable. The demand side just needs to follow up, and there is a strong wait-and-see atmosphere. It is expected that the epoxy propane market may become stagnant in the short term, and more attention needs to be paid to market news guidance.

According to monitoring data from Business Society, as of June 26, 2023, the domestic market price of organic silicon DMC was set at 14140 yuan/ton, which was reduced by 180 yuan/ton compared to June 1 (organic silicon DMC reference 14300 yuan/ton), a decrease of 1.26%.

From the data monitoring chart of the Business Society, it can be seen that from June to present (6.1 to 6.26), the overall domestic silicone DMC market has experienced a slight decline. In early June, downstream demand for organic silicon DMC continued to be weak. Shandong large factories slightly lowered the price of organic silicon DMC, leading to a slight decline in the overall market. As of June 15th, the domestic organic silicon DMC market price was around 14000-14500 yuan/ton, with a decrease of 0.84% in the first ten days.

In late June, the overall organic silicon DMC market continued to decline slightly. Due to the continued weak demand and general support for raw materials, the trading atmosphere in the organic silicon DMC market remained mainly light. Some organic silicon DMC suppliers narrowly lowered the prices of organic silicon DMC by around 100-200 yuan/ton. Before and after the Dragon Boat Festival, the supply and demand news of the organic silicon DMC market was relatively calm, with downstream demand being cautious. The overall market consolidation and operation were sideways. As of June 26, the domestic organic silicon DMC market price was around 14000-14300 yuan/ton, with a decrease of 1.26% during the month.

Prediction of the Future Trend of Organic Silicon DMC Market

At present, towards the end of the month, the overall performance of the domestic organic silicon DMC market is relatively stable, with a general trading atmosphere on the market. New orders are traded with caution, and the market is mainly stable and consolidating. According to the organic silicon DMC data analyst of the Business Society, in the short term, the domestic organic silicon DMC market is mainly stable and fluctuating, and the specific trend still needs to pay more attention to changes in supply and demand news.