On September 27, the mainstream quotation range of 1 # tin ingot in the domestic spot tin market was 185500-188500 yuan/ton, with an average price of 187000 yuan/ton, up 4000 yuan/ton from the previous trading day.

On the night of the 26th, the US dollar index hit a new 20 year high again and closed at 114.69. The metal market was under general pressure. In the night market, Shanghai Tin rose by 3.37% against the trend. In the morning market of the 27th, Shanghai Tin continued its overnight trend and rose by more than 3%. By the end of the 27th, the main contract of Shanghai Tin closed at 177190 yuan/ton, up 5.07%.

In the spot market, the refinery quoted actively this morning, with a heavy attitude of price fixing. However, as the price rebounded today, the trade market trading was slightly light, and it was generally wait-and-see oriented. When the price was low a few days ago, the stock had been basically completed before the festival, so the market today was generally cold. There is no obvious change in the supply and demand, which is still a pattern of weak supply and demand. In terms of supply, the supply of imported goods increased significantly, the quotation of imported goods in the market increased, and the domestic tin ingot supply was relatively loose as a whole. The overall performance of downstream demand is not outstanding, and procurement on demand is maintained. As the overall inventory of tin is low, it is obviously affected by macro disturbance and capital. The business community expects that the future tin price will still be affected more by macro influence, mainly maintaining a wide range of shocks.

According to the price monitoring of the business community, the average price of sulfur in East China was 1323.33 yuan/ton on September 26, a 5.30% increase over the previous working day, and the market was on the rise.

The overall trend of sulfuric acid market in the downstream has been stable. The quotation in some regions has been raised according to the shipment situation. The ammonium phosphate market is mainly stable, and the transaction atmosphere is fair. The downstream demand has improved, and the support for the sulfur market has been strengthened. The sulfur downstream factories in Shandong are active in receiving goods, and the refinery’s shipment is relatively smooth. The port is optimistic because of the rising stock market in the downstream before the festival, which gives the market a positive effect. The short-term sulfur market is waiting to be sorted out and operated, Pay special attention to the downstream follow-up.

1、 Price trend

According to the bulk data list of the business cooperative, the average price of 85% thermal phosphoric acid in the domestic market was 10320 yuan/ton on September 19, and 10130 yuan/ton on September 23. This week, the domestic price of thermal phosphoric acid fell 1.84%.

2、 Market analysis

The phosphoric acid market price stopped rising this week and turned down. The price of raw material yellow phosphorus fell back, the cost support weakened, and the price of phosphoric acid decreased accordingly. At present, the downstream is purchased on demand, mainly on the sidelines. As of September 23, the average market price of 85% thermal phosphoric acid in China was about 10130 yuan/ton. The ex factory quotation of 85 content thermal phosphoric acid in Sichuan is 9800-10800 yuan/ton, that in Yunnan is 10000 yuan/ton, that in Hubei is 9850 yuan/ton, that in Hubei is 9500 yuan/ton, and that in Nanjing is 9800 yuan/ton.

In terms of raw phosphorus ore, the domestic market for medium and high-end grade phosphorus ore continued to operate steadily this week. Up to now, the reference price of phosphate rock is 1064.00. The site is generally quiet, with little change in information. At present, the supply side is still tight, and the supply side continues to provide high support for the market. From the demand side, the low commencement of downstream phosphate fertilizer has brought some concern to the market.

In terms of raw material yellow phosphorus, the price of yellow phosphorus market fell slightly this week. At present, the market transaction is fair. Downstream stock has slowed down compared with last week, and inquiries have increased. The actual transaction is more cautious and more wait-and-see. Most manufacturers suspend the external quotation, and single discussion is preferred. Up to now, the mainstream quotation of Yunnan yellow phosphorus is about 36000-37000 yuan/ton; The mainstream quotation of Sichuan yellow phosphorus is about 37000 yuan/ton; The mainstream quotation of Guizhou yellow phosphorus is about 36000 yuan/ton.

3、 Future market forecast

Phosphoric acid analysts of the business association believe that the rise of the phosphoric acid market fell back this week due to the impact of the upstream yellow phosphorus market. Under the downward trend of the market, the over-the-counter trading of phosphoric acid is cautious. Under the condition that the raw material market trend is not clear, it is expected that the phosphoric acid market price will be dominated by weak and stable operation in the short term.

1、 Trend analysis

As shown in the figure above, the copper price fell slightly on the 22nd, with the spot price of 63106 yuan/ton, 0.15% lower than the previous trading day and 8.8% lower than the same period last year.

The US dollar surged to a 20-year high, and Luntong closed 0.84% lower overnight. Macro empty sentiment increased. On the supply side, the interference from overseas mines has temporarily ended, and the supply has gradually eased. As some smelters entered the maintenance state in September, TC continued to rise slightly by 0.54 dollars/ton month on month to 82.50 dollars/ton, and the supply at the mine end was looser than that at the smelting end. On the demand side, affected by real estate, epidemic, export and other factors this year, household appliances, electric tools and other industries have always been in a downturn. The sluggish supply and demand put pressure on copper prices. However, in the late September, there was some expectation for the downstream to stock up for the National Day holiday, which supported copper prices. It was expected that copper would have a strong trend of short-term shocks.

Trade name: cryolite

Latest price (September 21): 7725.00 yuan/ton

Key points for analysis: The cryolite market in Henan is running smoothly, and the average price of cryolite production is flat compared with the previous working day. The manufacturer reported that the upstream construction started at a low level, the raw materials were still tight, superimposed on the impact of high prices of coal, natural gas, etc., the production cost of the enterprise was under great pressure, the price of cryolite was mainly high, and the enthusiasm of downstream parties to enter the market was fair. The purchase was followed up as needed, the enterprise’s shipment was smooth, and the supply and demand in the site were relatively balanced.

Future market forecast: the short-term cryolite market continues to be high and firm, with the price temporarily stable as the main factor. The future market will focus on the market supply.