According to the monitoring of the commodity market analysis system of the business community, the auction price of the high-temperature Coal tar market rose slightly this week. From June 26 to July 3, the domestic Coal tar price rose from 3842.5 yuan/ton to 4250 yuan/ton, and the price rose 10.61% in the cycle.

As of June 30th, the auction prices of major domestic manufacturers have all risen, with an increase of approximately 300 to 450 yuan/ton. The degree of adjustment varies slightly among different regions, and the overall price difference has narrowed. The Shanxi region will implement a price increase of 4230-4290 yuan/ton, with an increase of 400-420 yuan/ton. The Shandong region implemented a 4260 yuan/ton increase of 330 yuan/ton. This week, the Hebei region implemented a 4200 yuan/ton increase of 450 yuan/ton, while the Jiangsu region implemented a 4260 yuan/ton increase of 330 yuan/ton.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the above monthly Coal tar K column chart, we can see that the Coal tar market has risen for three consecutive months after falling for two consecutive months. The weekly K column chart shows that the Coal tar market has been up more than down less recently.

During this cycle, the price of tar in the main domestic production areas has been the main trend, with an increase of approximately 300-450 yuan/ton. There are slight differences in the adjustment rates among different regions, and the overall price difference has narrowed. The last auction at the end of the month was boosted by the rise of downstream products and the upward psychology of coke companies, leading to another increase in tar prices at the end of the month. There has been little change in supply and demand. From the operating rate curve of domestic independent coking enterprises since 2022, we can see that after entering June 2023, the operating rate of coking enterprises has first increased and then decreased, but basically fluctuated slightly around 75%. The coking enterprises have a strong attitude towards price support, and the supply of tar is still slightly tight. In terms of demand, the recent changes in the operating rate of the deep processing industry have been limited, and downstream procurement remains on demand. Since the market entered into April, the Coal tar market has experienced sharp rises and falls frequently, mainly as a result of the supply and demand game. Although the continuous rise at the end of June recovered from the sharp drop in mid June, the upward trend is still difficult to maintain without a significant improvement in downstream demand. In the future, the business agency predicts that the tar market will continue to fluctuate widely due to weak downstream demand. In the future, the focus will be on the trend of downstream coal tar asphalt and carbon black.

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.