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.

According to the commodity market analysis system of the business community, as of June 25, the average price quoted by Epichlorohydrin enterprises was 7800.00 yuan/ton, down 900 yuan/ton, or 10.34%, compared with 8700 yuan/ton at the beginning of the month.

It can be seen from the price trend chart of Epichlorohydrin of the business community that the market situation of Epichlorohydrin was weak in June, and the price fell to the lowest level in the year.

Epichlorohydrin fundamentals

Supply side: In June, some glycerol Epichlorohydrin units were shut down, and the market supply decreased, but the market supply and demand were unbalanced, which generally supported the Epichlorohydrin market.

Demand side: In June, the demand side dominated the market, and the main downstream epoxy resin was in weak operation, mainly consuming contract volume and inventory. The enthusiasm for market inquiry was not high, and small orders were just needed to follow up. The market transaction continued to be under pressure, and the carrier delivered goods at the margin. Under the drag of demand, the focus of Epichlorohydrin market negotiation continued to decline.

Cost side: raw propylene. According to the commodity market analysis system of the business community, the reference price of propylene was 6255.75 on June 23, down 3.17% from June 1 (6460.75). The cost of propylene method has little impact on the market of Epichlorohydrin. The raw material glycerol, with a price of 99.5% glycerol in the East China market on June 21st, is around 4300 yuan/ton, which puts significant cost pressure on the glycerol method.

Future Market Forecast

Analysts of Epichlorohydrin from the Business Agency believe that there are many advantages: at present, the price of raw propylene is strong, the cost support of propylene process is rising, and the cost pressure of glycerol process is still large. With the price of Epichlorohydrin falling to a low level, the market’s low mentality is weakened. Negative side: After the holiday, downstream procurement mentality remains cautious, market transactions are limited, and there is a strong wait-and-see atmosphere. To sum up, under the market long short game, it is expected that the epichlorohydrin market will be deadlocked in the short term, and more attention should be paid to the market news guidance.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average market price of ammonium sulfate in China was 696 yuan/ton on June 15th, and 696 yuan/ton on June 21st. The market price of ammonium sulfate remained stable this week.

2、 Market analysis

The domestic ammonium sulfate market remained stable this week. Low level finishing of coking grade ammonium sulfate, with stable prices and minor fluctuations. The domestic ammonium sulfate market is stable and the price remains stable. The export market is still sluggish, with fewer orders. The downstream composite fertilizer market is weakening, with limited demand for ammonium sulfate. As of June 21st, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 630 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 610-690 yuan/ton.

The weak consolidation and operation of the downstream compound fertilizer market was weak this week. The market for composite fertilizer raw materials is weakening, and cost support is weak. Downstream procurement is mainly based on demand, and the market has a strong wait-and-see sentiment. It is expected that the short-term composite fertilizer market will mainly be sorted and operated in a narrow range.

3、 Future Market Forecast

Analysts from the Business Society believe that the domestic ammonium sulfate market has been less volatile recently, with weak domestic and international demand. Downstream replenishment on demand, limited market trading. It is expected that the ammonium sulfate market will operate in a narrow range in the short term.

Price trend

According to the commodity market analysis system of the business community, the price of Cryolite in Henan Province was running smoothly. On June 20, the average market price in Henan Province was 7850 yuan/ton, unchanged from the average price of 7850 yuan/ton on June 14, up 3.29% compared with the same period last year.

quotations analysis

This week, the Cryolite market is stable, and the manufacturer’s quotation is stable. Upstream construction continued to be low, raw material support was good, Cryolite production cost was high, many on-site devices operated at low load, enterprises had no pressure on inventory, and actively shipped, but the downstream was more resistant to high prices, mainly purchasing on demand. Cryolite enterprises kept a wait-and-see attitude, operated steadily, and the market negotiation atmosphere was fair. As of June 20, the ex factory quotation of Cryolite in Shandong Province was 7000-8600 yuan/ton; The ex factory quotation of Cryolite in Henan is 7200-8900 yuan/ton.

The upstream fluorite market is stable and on the watch. As of June 20th, the average market price was 3136.25 yuan/ton, which is unchanged from the price of 3136.25 yuan/ton on June 14th. The operating rate of fluorite enterprises is low, and the increase in spot supply is limited. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, which limits the increase in operating rate of fluorite. The price of fluorite is strong and the downstream procurement needs to follow up. The fluorite market is on the sidelines.

The downstream aluminum market fluctuated and rose. On June 20th, the aluminum price was around 18870.00 yuan/ton, an increase of 1.45% compared to the price of 18600.00 yuan/ton on June 14th. Terminal consumption is limited, and downstream market entry follows up on demand. Recently, the market trading atmosphere has improved, and some regions have significantly reduced inventory, leading to an upward trend in aluminum prices.

Future Market Forecast

Cryolite enterprises have no pressure on inventory. Upstream raw materials continue to be favorable, supporting the stable operation of Cryolite prices. Downstream parties follow up as needed. The trading and investment atmosphere in the market is fair, and the market supply and demand are relatively balanced. It is expected that Cryolite market will be mainly wait-and-see in the later period, and the price range will fluctuate. In the future market, specific attention will be paid to the changes of manufacturers’ inventory.

1、 Price data

According to the commodity analysis system of the business community, as of June 18, the average ex factory price of the mainstream Naphtha of domestic local refining and hydrogenation was 7971.50 yuan/ton, down 1.70% from 8109.00 yuan/ton on June 12. The actual transaction price of local refining and hydrogenation Naphtha was about 7800-8000 yuan/ton.

As of June 18, the average ex factory price of domestic straight run Naphtha mainstream was 7926.50 yuan/ton, 0.88% lower than the price of 7996.50 yuan/ton on June 11. The actual transaction price of local straight run Naphtha was about 7700-7900 yuan/ton.

On June 18, the Naphtha commodity index was 98.38, unchanged from yesterday, 19.12% lower than the cycle’s highest point of 121.64 (2022-03-10), and 132.91% higher than the lowest point of 42.24 on July 19, 2016. (Note: The cycle refers to the period from September 1st, 2012 to the present)

2、 Analysis of influencing factors

The price of locally refined Naphtha dropped slightly this week. Reforming and ethylene just need to be stocked. The market turnover is light, and businesses mainly wait and see.

This week, the international crude oil market fluctuated and rose. Mainly due to unexpected retail growth in the United States in May, supported by positive employment data, the expectation of the Federal Reserve ending its interest rate hike process has strengthened. The significant increase in processing capacity of Chinese refineries has boosted oil prices.

According to the monitoring of Business Society, toluene has been relatively weak this week. On June 12th, the price of toluene was 7120.00 yuan/ton, and on June 18th, it was 7080.00 yuan/ton, a decrease of 0.56%. This week, the price of mixed xylene has been declining. On June 12th, the price of mixed xylene was 7360 yuan/ton, and on June 18th, it was 7210 yuan/ton, a decrease of 2.04%. The PX price trend this week was temporarily stable. As of the weekend, the ex factory price of P-Xylene in China was 8200 yuan/ton, which was the same as that at the beginning of the week.

3、 Future Market Forecast

The energy analysts of the business society believe that the international crude oil shocks this week, and the market mentality is different. Recent restructuring, ethylene just needs to be purchased, the market transaction is limited, businesses are mainly wait-and-see, refineries are actively shipping, and it is expected that the local refining Naphtha market will be mainly sorted out in the near future.