According to the monitoring data of business agency, the hydrogen peroxide ended the big increase in the middle of May, and the market was stable. At the end of the month, the high platform diving mode was opened, and the market fell continuously until the beginning of June. As of June 4, the average price of hydrogen peroxide market was 1006 yuan / ton, and the price fell 9.04%.

According to the weekly increase and fall chart of hydrogen peroxide in business agencies from March 8 to May 24, 2021, it can be seen that after the Spring Festival, the hydrogen peroxide market has weakened, with a decline of more than 3.6%. Hydrogen peroxide showed a big rise in early March, up more than 5%, after the big rise began to dive, continue the weak market. In April, in the middle of the month, hydrogen peroxide rose again, up more than 5 percent, and it was still a decline after the big rise. After May 1, hydrogen peroxide was in weak operation, and the rising mode was opened in the middle month, rising to May 22, up more than 10%. At the end of the month, hydrogen peroxide Market opened diving, falling continuously, falling more than 7%. In early June, hydrogen peroxide remained down, down more than 10 per cent from mid May.

On June 4, some domestic hydrogen peroxide manufacturers quoted the following:

The price of hydrogen peroxide in Luxi Chemical Industry is 860 yuan / ton, which is down 170 yuan / ton compared with that in mid May; The price of hydrogen peroxide for Zhengyuan fertilizer in Hebei Province is 960 yuan / ton, down 40 yuan / ton from the middle of May; The price of hydrogen peroxide in Quansheng chemical industry in Anhui Province is 1180 yuan / ton, which is down 20 yuan / ton compared with the beginning of the month.

The consumption of oxygen drops continuously in the coming off-season

In early May, due to the increase of terminal paper procurement, the manufacturer stopped and repaired, and the supply was tight, and the price continued to rise, up more than 10%. Since the middle of the year, the rally stabilized, and by the end of the month, due to the decline of terminal demand, hydrogen peroxide opened the high platform diving mode, and the price continued to decline, down nearly 7%.

By June, the weak market of hydrogen peroxide did not end, because of the sharp decline in paper purchasing volume, off-season consumption and the leading factor of the negative, the price of hydrogen peroxide remained down. The factory price of hydrogen peroxide in Luxi Chemical industry has fallen to 800 yuan. Zhengyuan fertilizer also fell to the front line of 900 yuan. The price of Quansheng in Anhui Province is relatively strong.

On June 4, the commodity price index of hydrogen peroxide and caprolactam was 107.65, which was flat with yesterday, down 50.87% from 219.12 (2020-10-27) of the highest point in the cycle, and 19.81% higher than the lowest point of 89.85 on January 29, 2019（ Note: cycle refers to January 1, 2019 to present)

The price of caprolactam at the end of May was driven by the rise of pure benzene market, and the price of the first ten days of May continued to rise. Near the end of May, the pure benzene Market depressed, and the price of caprolactam continued to decline, and remained down in early June, falling by more than 1.4%. Caprolactam market fell, enthusiasm for purchasing hydrogen peroxide decreased, and hydrogen peroxide market was weak.

On June 4, the price index of hydrogen peroxide and corrugated paper commodity was 139.62, which was flat with yesterday, down 43.24% from 246.00 (October 21, 2019), and 29.83% higher than the lowest point 107.54 on January 29, 2019（ Note: cycle refers to January 1, 2017 to present)

In May, the paper market showed strong performance, and the purchase of hydrogen peroxide increased, stimulating the rise of hydrogen peroxide Market. By June, restricted by environmental protection policies, the amount of oxygen purchased by paper factories declined, and the hydrogen peroxide market was weak.

Li Bing, an analyst with hydrogen peroxide at the business agency, said: in June, hydrogen peroxide entered the off-season of consumption, the terminal demand was poor, and the market continued to decline, and it was still difficult to have room for rise in the future.

The international oil price has broken through the 70 mark. Although the cost support is obvious, it is expected to stop the downward trend, and the asphalt market is mainly stable. According to the monitoring data of business news agency, as of June 2, the average spot price of domestic asphalt was 3280 yuan / ton, with a month on month increase of 5.47% and a year-on-year increase of 44.18%.

At present, the asphalt market is still in a high shock situation, the demand is not smooth, the construction is limited due to the weather in the south, and the asphalt price has a downward trend. The international crude oil fluctuates at a high level, which obviously supports the refinery cost, and the overall low price delivery intention is not strong. Some refineries in Shandong and North China have released short-term and long-term contracts, but the terminal demand is weak. Some traders are cautious and wait-and-see. The market offers have increased, and some expired contracts are more active in shipping.

As of June 2, the factory quotation summary of main asphalt manufacturers in Shandong Province:

The international crude oil fluctuated at a high level, and some of the offer enthusiasm increased. The actual rigid demand was general, and some of them were mainly for the demand of goods preparation. The asphalt analysts of the business community predicted that the asphalt spot market would be mainly for short-term consolidation.

According to the data monitoring of the business society, the market of ammonium chloride in May was strong at a high level, with the price around 735 yuan / ton at the beginning of the month and 747 yuan / ton at the end of the month, an overall increase of 1.70%.

In May, the overall operating rate of ammonium chloride enterprises was around 75%, the supply of ammonium chloride was stable, some manufacturers had sufficient orders, and there was no pressure for manufacturers to ship; In May, the overall operating rate of downstream compound fertilizer was around 40-50%, which had a certain support for ammonium chloride. According to the business news agency, as of May 31, 2021, the price of superior ammonium chloride products for commercial and agricultural use in Huaian Bolian has been stable, and now the price of dry ammonium chloride is 770 yuan / ton; The price of wet ammonium is 690 yuan / ton; The delivery price of dry ammonium chloride for agricultural use in Jinshan, Henan Province is 690 yuan / ton, and that of wet ammonium chloride is 610 yuan / ton.

The sharp rise of raw material liquid ammonia, coupled with the impact of the urea market in late May due to the printing news, the price rose again, which formed a strong support for ammonium chloride. According to the monitoring of the business agency, as of May 31, the domestic price of liquid ammonia was 4173 yuan / ton, up 7.28% from 3890 yuan / ton at the beginning of the month; As of May 31, the domestic urea price was 2386 yuan / ton, up 9.98% compared with 2170 yuan / ton at the beginning of the month.

Future forecast: ammonium chloride analysts of business society believe that the cost support of ammonium chloride is strong at present. Although the start-up of United caustic soda is not low, there is still some rigid support for downstream demand. It is expected that ammonium chloride will remain strong in the short term.

1、 Price quotation

According to the data of business news agency, the cotton market fluctuated downward in May, with 15897 yuan / ton at the beginning of the month and 15760 yuan / ton at the end of the month, down 0.86% and up 33.38% year on year.

2、 Market analysis

Domestic: at the beginning of this month, the news of additional quota issuance came to the ground on the evening of April 30. The amount of cotton import sliding allowance tax quota issued this time is 700000 tons, all of which are non-state trade quotas. The news will help the textile and garment foreign trade companies to receive orders, reduce the cost of raw material procurement, and improve the competitiveness of products. The cotton market will rise accordingly. In the middle of the month, the executive meeting of the State Council required that “effectively deal with the rapid rise of commodity prices and its associated effects”, and the exchanges implemented a number of measures, such as increasing the margin ratio of multiple futures trading, to ensure the smooth operation of the market. The domestic cotton price fell with the rise of the commodity market, and the market remained weak at the end of the month.

In April, China’s cotton imports were 230000 tons, an increase of 92% over the same period last year. In the year of 20 / 21, China’s total imports were 2.17 million tons, an increase of 90% over the same period last year. At the end of April, the total turnover inventory of cotton in China was about 3229700 tons, with a month on month decrease of 446300 tons, which was slightly larger than that of last month and lower than 210300 tons in the same period of last year.

International: U.S. inflation data soared to a 12 year high, adding up to the Palestine Israel conflict, which led to the fall of oil prices and the improvement of weather in Texas, which dragged down the international cotton price to fall significantly. 7 international cotton price index (SM) 98.76 cents / pound; On the 28th, the international cotton price index (SM) was 94.84 cents / pound, down 3.92 cents / pound; On the 7th, the international cotton price index (m) was 94.98 cents / pound, while on the 28th, the international cotton price index (m) was 91.47 cents / pound, down 3.51 cents / pound. ICAC’s global production and demand forecast in May is positive. In the year of 20 / 21, the global consumption is 25 million tons, the output is expected to be 24.6 million tons, and the final inventory is 22.14 million tons.

Futures: on May 6, the settlement price of zhengmian main contract 2109 was 15800 yuan / ton, while on May 31, the settlement price of zhengmian main contract was 15430 yuan / ton, down 370 yuan / ton.

3、 Downstream industry chain

Recently, the cotton futures market fell, the market wait-and-see mood increased, the current cotton yarn enterprises are still in a low inventory state, strong price will. With the arrival of the off-season of cotton consumption in summer, the willingness of traders and ginners to ship increased, the import of cotton yarn increased, and the orders of downstream textile enterprises were general. The atmosphere of grey cloth market was relatively light in the early stage, and some orders were “green and yellow”. The cotton textile factories were short of large orders and stable orders, and they paid attention to the orders of textile enterprises in the later stage. According to statistics, as of May 28, yarn inventory of textile enterprises in major regions of the country was 10.2 days, down 0.6 days from last week, and down 5.6% month on month. The data showed that the prosperity index of China’s cotton textile industry in April was 49.20, which was lower than that in March. The raw material inventory index in April was 48.67, down 1.52 from March.

With the recovery of the epidemic situation and orders, it can support the cotton to walk out of the volatile rising market, and the early cotton production reduction expectation is not reflected in the cotton futures market. In the short term, the cotton price will maintain a weak shock situation under the lack of positive support. In the long term, the orders from Europe, the United States and Japan are likely to overflow again in the second and third quarters, and the cotton may form a good situation.

1、 Price trend

According to the monitoring data of the business community, the price of baking soda has been mainly stable in the near future. At present, the average price in the domestic market is 1583.33 yuan / ton. On May 30, the commodity index of baking soda was 105.09, unchanged from yesterday, down 13.63% from 121.68 (2020-10-21), the highest point in the cycle, and up 19.06% from 88.27, the lowest point on December 22, 2020（ Note: period refers to the period from September 1, 2020 to now

2、 Market analysis

According to the news agency, the price of sodium bicarbonate is stable for the time being, and the shipment in the downstream market is acceptable. At present, the price of sodium bicarbonate in Henan Province is about 1550-1650 yuan, and the downstream demand is acceptable. It is expected that the price will be stable in the near future. The price of baking soda in Hebei is about 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

In terms of raw materials: according to the monitoring data of the business community, soda ash in North China has been in stable operation temporarily. The current mainstream market price of light soda ash is about 1800-1900 yuan / ton. The downstream glass mainly purchases soda ash on demand. Generally speaking, the price of short-term soda ash is mainly consolidated. Soda ash in East China is in stable operation for the time being. The current mainstream market price of light soda ash is about 1700-1850 yuan / ton, and the downstream glass mainly purchases soda ash on demand. Generally speaking, the price of short-term soda ash is mainly consolidated.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate has been consolidated recently. Business analysts think: domestic soda price is mainly stable and small move. The overall trading atmosphere of soda ash is acceptable, and the enterprises are mainly active in shipping. The rising price of glass has a favorable support for soda, but soda is still mainly purchased on demand. In the downstream, medicine, textile and food mainly purchase baking soda on demand. Generally speaking, the price of baking soda may still maintain a narrow consolidation trend in the short term, depending on the downstream market demand.