Overview of glycol market

In February, the price of ethylene glycol fell first and then rose, which is relatively stable at present. According to the data of Business News Agency, on February 28, the average price of domestic oil to ethylene glycol was 4308.33 yuan/ton, down 2.27% from the average market price of 4408.33 yuan/ton at the beginning of the month.

On February 28, the spot price of ethylene glycol in the East China market was basically stable, and the spot price range of mainstream manufacturers in East China was 4200-4350 yuan/ton; The spot price of ethylene glycol in the South China market is 4300 yuan/ton, and the spot price range of mainstream manufacturers in central China is 4030 yuan/ton; The spot price of ethylene glycol in the North China market is basically stable, and the spot price of mainstream manufacturers in North China is 4300-4400 yuan/ton.

Increased probability of sideways shocks in the future market of ethylene glycol

At present, the average spot price of ethylene glycol is around 4300 yuan/ton, and the crude oil trend is weak in the second half of this month. However, the prices of ethylene and naphtha upstream of ethylene glycol are good, and the overall performance of coal prices is good. At present, the cost-side support is strong. Ethylene glycol is at the negative profit level, the impact factor of cost is expanding, and the downward space is narrowing.

However, according to the inventory data, it is still at a relatively high level in the same period of one million tons equivalent. High inventory in the main port in the short term suppresses the amount of ethylene glycol. Fortunately, there is a strong expectation that supply will weaken and demand will improve in the near future, and prices will improve. It is expected that in the short term, the probability of sideways shocks of ethylene glycol will increase, and the average price will be around 4350 yuan/ton.

According to the monitoring data of the Business News Agency, the terminal printing and paper industries have resumed operation since February, with demand support, and the hydrogen peroxide market continues to fluctuate and rise. On February 1, the average market price of hydrogen peroxide was 750 yuan/ton. On February 27, the average market price of hydrogen peroxide was 796 yuan/ton, up 6.22%.

Terminal demand rebounded and hydrogen peroxide market rose in February

Since February, the printing industry of hydrogen peroxide terminal paper industry has gradually recovered, the demand for hydrogen peroxide has increased, and the market has gradually warmed up. The mainstream price of hydrogen peroxide in Shandong is about 690 yuan/ton, with a price increase of 20 yuan/ton; The mainstream price of hydrogen peroxide in Anhui Province is about 750 yuan/ton, with a price increase of 50 yuan/ton.

After the middle of the month, the market terminal of hydrogen peroxide began to work, and the manufacturers raised the factory price of hydrogen peroxide one after another. The mainstream price of hydrogen peroxide in Shandong was 710 yuan/ton, and the price continued to rise by 20 yuan/ton; The mainstream price of hydrogen peroxide in Anhui Province is 800 yuan/ton, with a price increase of 50 yuan/ton.

At the end of the month, the market supply of hydrogen peroxide was still relatively tight, and the market transactions were active. The average market price had risen to 796 yuan/ton, up more than 6% from the beginning of the month.

Li Bing, an analyst at the Business News Agency, believes that the demand of the terminal printing and paper industries has been fully recovered in March, and the hydrogen peroxide market will continue to oscillate and rise in the future.

According to the data monitored by the Business News Agency, as of February 24, the average price of cyclohexane, a domestic industrial top-grade product, was 7233.33 yuan/ton. The price trend of cyclohexane was weak this week, down 0.91% compared with the same period last week. The purchasing atmosphere was general, and the overall market supply and demand were balanced.

This week, the average price of domestic industrial grade and superior cyclohexane was 7233.33 yuan/ton. At present, the quotation range of mainstream manufacturers is about 7300 yuan/ton. At present, the supply range is normal, the operating rate is stable, the purchasing atmosphere is general, and the downstream just needs to purchase, and the shipment volume is acceptable.

Chemical index: On February 23, the chemical index was 917 points, up 2 points from yesterday, down 34.50% from the highest point of 1400 points in the cycle (2021-10-23), and up 53.34% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Cyclohexane analysts of the Business Agency believe that the stable operation of cyclohexane market price is the main factor in the short term.

The price of aluminum fluoride fell sharply this week

According to the data of Business News Agency, as of February 23, the domestic price of aluminum fluoride was 10575 yuan/ton, down 3.86% from the price of aluminum fluoride of 11000 yuan/ton on February 16, down 6.62% from the price of aluminum fluoride of 11325 yuan/ton on February 1. The cost of increasing supply has stabilized, and the price of aluminum fluoride has declined this week.

The price of raw materials stabilized this week

According to the monitoring of the Business Agency, as of February 23, the price of fluorite was 3050 yuan/ton, which was stable compared with the price of 3050 yuan/ton on February 16; As of February 23, the price of hydrofluoric acid was 9828.57 yuan/ton, which was stable compared with the price of 9828.57 yuan/ton on February 16. The price of raw materials fluorite and hydrofluoric acid remained stable, the cost of aluminum fluoride was weak and stabilized, and the downward pressure of aluminum fluoride remained.

Market overview and forecast

According to the aluminum fluoride industry analyst of the Business Agency, the price of raw materials fluorite and hydrofluoric acid is temporarily stable this week, the market of the industrial chain is weak, the price decline of fluorite and hydrofluoric acid has occurred, and the cost of aluminum fluoride is temporarily weak and stable. In the future, the cost of aluminum fluoride is temporarily stable and the demand is weak. It is expected that the price of aluminum fluoride will be weak and stable in the future.

According to the bulk list data of Business News Agency, the average price of domestic industrial lithium hydroxide enterprises was 443333.34 yuan/ton as of February 21, down 2.92% from the price of last Tuesday (February 14).

In the near future (2.14-2.21), the domestic industrial lithium hydroxide market is weak. Recently, the upstream lithium carbonate price is weak, the support for lithium hydroxide is weak, the supply of lithium hydroxide is sufficient, the demand is flat, the willingness of downstream procurement and stock preparation is not high, the market transaction is limited, the operators’ mentality is insufficient, and the focus of lithium hydroxide market negotiation has declined.

Upstream lithium carbonate, according to the monitoring of the data of the Business News Agency, the price of industrial lithium carbonate is weak recently. On February 20, the reference price of lithium carbonate – industrial grade was 426600.00, down 8.38% from February 1 (465600.00).

The lithium hydroxide analyst of the Business Agency believes that the upstream lithium carbonate is weak at present, and the support for the lithium hydroxide market is not good, and the market transaction atmosphere is weak. It is expected that the lithium hydroxide market will continue to operate in a weak manner for a short time.