On August 25, the domestic cobalt price surged

According to the data monitoring of the business agency, the cobalt price rose on August 25, and the cobalt market rose. On August 25, the cobalt price was 356400 yuan / ton, an increase of 2.41% over the cobalt price of 348000 yuan / ton on the previous trading day. On August 24, the cobalt commodity index was 125.18, up 0.58 points from yesterday, down 47.60% from 238.91 points (2018-04-15), the highest point in the cycle, and up 79.24% from 69.84 points, the lowest point on July 5, 2016. (Note: the period refers to September 1, 2011 to now).

Key points of analysis

The price of cobalt in LME market rose, the price of MB cobalt surged, and the international cobalt price rose; Affected by the high temperature and drought, Sichuan Province has recently imposed a comprehensive power restriction, the Sichuan battery factory of Ningde times has stopped production, the lithium salt enterprises in Sichuan have stopped production, the supply of lithium salt has decreased, the supply of new energy batteries has decreased, and the production reduction of lithium salt enterprises has stimulated the price of lithium salt to rise, and the cobalt market to rise.

Future forecast

The demand is temporarily stable and the supply is declining, the cobalt industry chain is rising, and the driving force for cobalt price rise is increased. It is expected that the cobalt price will rise in the future.

The phenol offers in the national markets today are as follows:

Region, quotation, rise and fall

East China, 9450-9550, 300

Shandong Province, 9550, 200

Surrounding areas of Yanshan mountain, 9550, 250

South China, 9500, 200

In the early morning, lihuayi took the lead in raising 200 yuan / ton to 9500 yuan / ton, and continued to control the quantity of shipments. After the contract was completed, the tension of supply on the site increased. At noon, Sinopec in North China also increased 200 yuan / ton to 9500 yuan / ton. Up to now, although other factories have not officially notified, the market direction is very clear. The offers of major mainstream markets have pushed up 200-250 yuan / ton, and the rising sentiment of cargo holders is strong, and some are still waiting and waiting for offers. From the terminal, the enquiries are different. Most of them are enquiries in the morning, and the actual orders still need attention.

According to the price monitoring of business agency, on August 23, the average price of sulfur in East China was 1163.33 yuan / ton, which was the same as that of the previous working day. The market situation was on the sidelines.

The downstream sulfuric acid market continues to be weak, with limited purchase and most of them need to be followed up. The shipment of sulfur refineries in Shandong Province is acceptable. According to their own shipment situation, the quotation of each manufacturer is temporarily stable, and the market situation in the port is temporarily stable. The carriers are reluctant to sell their products. In the future, the domestic sulfur market is expected to be sorted out and operated, and the price trend is expected to be increased by a narrow margin. Specific attention shall be paid to the downstream follow-up situation.

According to the monitoring of the data of the business community’s bulk list, the bromine price is in a weak operation, and the downstream flame retardant and intermediate industries have no signs of improvement in the recent start-up. The demand is relatively low, and the bromine price is downward. It is expected that the short-term bromine price or weak operation market will depend on the downstream market demand.

Product Name: urea

Latest price (August 18): 2356 yuan / ton

On August 18, the comprehensive price of domestic urea was temporarily stable, which was the same as that on August 17, with a year-on-year decrease of 14.01%. The upstream anthracite price increased slightly, and the cost support was good. But the downstream demand is insufficient. Agricultural demand has basically ended, and industrial demand is mainly. The operating load of compound fertilizer, plate and melamine plants is not high. From the supply side, due to the high temperature limit, some urea manufacturers shut down for maintenance, and the daily output of urea is below 140000 tons.

In the future, it is expected that the domestic urea market price may rebound at the bottom, and the average market price is about 2400 yuan / ton.