Trade name: isopropanol

Latest price (March 24): 8983.33 yuan / ton

Analysis points: on April 14, the market focus of isopropanol rose. The market price of raw propylene rose, the price of acetone was high, the cost support was strong, the factory inventory was low, and the price rose slightly. Traders were more cautious in taking the goods. They were more wait-and-see in the market. Downstream customers mainly purchased on demand, and isopropanol market was higher. At present, the negotiation range of isopropanol in Shandong is about 8600-9100 yuan / ton, and that in Jiangsu is about 9100-9150 yuan / ton. Zhejiang isopropanol negotiation range is around 9000 yuan / ton. Isopropanol analysts of business news agency believe that isopropanol cost support is strong, factory inventory is low, pushing up obviously, but the downstream wait-and-see mood is obvious, mainly purchasing on demand, and isopropanol is expected to be high in the short term.

According to the monitoring data of business news agency, the recent external price of ethylene fluctuated and consolidated. On April 9, the price was 1143.50 US dollars / ton, and on April 12, the average price of ethylene was 1143.00 US dollars / ton, down 0.04%. The current price fell 4.51% month on month, and the current price rose 155.70% year on year.

In the near future, the overall external ethylene market showed a shock consolidation trend. The price of ethylene market in Asia was stable. As of the 9th, CFR closed at US $1068-1074 / T in Northeast Asia and US $1013-1019 / T in Southeast Asia. The price of ethylene market in Europe fluctuated and fell. As of the 9th, FD closed at US $1249-1260 / T in northwest Europe and CIF closed at US $1224-1235 / T in northwest Europe. The price of ethylene in the United States is stable. As of the 9th, the price is 1096-1107 US dollars / ton. Recently, the market of ethylene in Europe, America and Asia is relatively stable, showing a small fluctuation trend. Generally speaking, the external market of ethylene is cold and the market is volatile.

International: on April 9, international oil prices closed down slightly, with the settlement price of the main contract in the U.S. WTI crude oil futures market at US $59.32/barrel, down by US $0.28 or 0.5%. Brent crude oil futures market settlement price of the main contract at 62.95 U.S. dollars / barrel, down 0.25 U.S. dollars or 0.4%. Oil prices closed lower on Friday, down about 2% this week, mainly because increased production and renewed blockades by some countries overshadowed optimistic forecasts for the recovery of fuel demand.

Recently, the Styrene Market in Shandong has been declining. Port inventory is declining, new capacity is offset by equipment maintenance, domestic supply increment is limited, and the spot is tight, which can support the high price of styrene. However, the downstream has a resistance to high price styrene. Although the operating rate of the downstream rises collectively, the terminal is still in a wait-and-see state, and the purchase is just needed, and the transaction is sluggish.

Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, OPEC and its production reduction allies are gradually increasing crude oil production, crude oil demand is not optimistic, showing a downward trend, and the cost is difficult to support the ethylene market, so business society data analysts predict that the external price of ethylene will mainly fall next.

1、 Price trend

According to the data of business news agency’s block list, the price of mixed xylene rose slightly this week. On April 4, the price of mixed xylene was 5460 yuan / ton; on this Sunday (April 11), the price was 5490 yuan / ton, up 30 yuan / ton or 0.55% from last week.

2、 Analysis and comment

This week, Sinopec’s mixed xylene price adjustment range is + 50 / + 100 (yuan / ton). Xylene stocks at ports in East and South China fluctuated slightly this week. In the week, boosted by the increase of downstream PX inquiry, xylene mixed with xylene rose slightly. In terms of external market, as of April 9, the price of South Korea’s imported mixed xylene was 725 US dollars / ton, up 11 US dollars / ton or 1.54% on April 2, and the reference price of domestic imported mixed xylene was 745 US dollars / ton, up 15 US dollars / ton or 2.05% on April 2.

Crude oil, this week’s crude oil long short game, price shocks. Good news: US commercial crude oil inventory fell, China and US economic data were strong; bad news: OPEC + decided to gradually increase crude oil production, and the epidemic situation in Europe and other places was severe. On April 1, Brent rose 0.08 USD / barrel, or 0.13%; WTI fell 2.13 USD / barrel, or 3.46%.

Downstream, PX market, the domestic p-xylene ex factory price this week was more stable than last week, the price was 6400 yuan / ton, up 48.84% year on year. The operation of domestic p-xylene units is stable as a whole, Sinopec and private enterprises are in normal operation, the on-site operation rate is more than 90%, the on-site supply is normal, and the goods are in good condition. As of April 9, closing prices in Asia were 786-788 USD / T FOB Korea and 804-806 USD / T CFR China.

In terms of PTA market, PTA prices in East China rose first and then fell this week, slightly lower than last week. On Sunday (April 11), the price was 4398.5 yuan / ton, 0.71% lower than last week, and 27.37% higher than the same period last year. As of April 9, PTA operation rate was 79%, slightly lower than last week. PTA processing is at a relatively low level, and the maintenance of the plant is increasing. At present, the start-up of PTA plant is below 80%, and the supply side will continue to shrink in April.

In the ox market, the price of ox this week was flat compared with last week. On Sunday, the price of ox in East China was 5400 yuan / ton, up 42.11% compared with the same period last year. Domestic supply of o-benzene is sufficient; the cost side is adjusted in a volatile way; the downstream market is adjusted in a volatile way, and the demand is just demand-oriented, so the transaction enthusiasm of o-benzene is general.

3、 Future forecast

Xylene analysts from business society chemical branch think: first, look at the supply cost side, the implementation of OPEC + production reduction, the total number of oil drilling platforms in the United States, and weekly EIA and API inventory data. Second, on the demand side, the impact of the global epidemic on crude oil demand, the progress of industrial chain recovery, and the economic and trade situation in Europe and the United States. Third, look at the geopolitical situation in the Middle East, China and the United States, the progress of new technology, the dollar index and stock market linkage.

Although the downstream inquiry increased, the overall demand has not improved substantially. In April, some refineries entered the spring inspection, and the market supply of unit maintenance decreased, which is expected to benefit the price of mixed xylene. However, the follow-up of downstream demand is still weak, and the wait-and-see sentiment of cargo holders is strong. It is expected that the short-term mixed xylene will still follow the fluctuation of crude oil. Focus on the impact of crude oil, gasoline blending price trend, xylene plant spring maintenance dynamic, port inventory and downstream demand changes on xylene price.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the price of sodium pyrosulfite in China was stable this week. The average price of industrial sodium pyrosulfite was 1783.33 yuan / ton at the beginning of the week and 1783.33 yuan / ton at the end of the week, up or down by 0.

2、 Market analysis

In April, the overall high price of upstream soda ash tends to be stable, the rising trend of raw material cost tends to be stable, and the domestic sodium pyrosulfite market moves forward steadily as a whole. This week, the market price range of industrial sodium pyrosulfite is 1750-1950 yuan / ton, and most of the prices are concentrated around 1800 yuan / ton. The production of the enterprise is stable, the inventory is maintained at about 30%, the enterprise mainly completes the orders of old customers, and the increase of new orders is limited. Under the support of rigid demand, the overall fast in and fast out is the main. (the above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within their scope. The prices are for reference only and have nothing to do with the final pricing of manufacturers. For details, please contact each manufacturer for consultation).

This week, the domestic soda price and sulfur price remained stable, and the overall raw material cost was stable. The cost will play a certain support for the future market price of sodium pyrosulfite.

3、 Future forecast

Analysts of business news agency believe that the rising trend of raw material cost is stabilizing, the overall demand of downstream is stable, and the domestic sodium pyrosulfite will continue to be at the current level in the short term.

According to the data monitored by the business community, as of April 8, the average price of domestic power grade lithium iron phosphate was 48000.00 yuan / ton. In just a few months, the price of lithium iron phosphate increased by 26.32% compared with the beginning of January, with an increase of 10000 yuan / ton. Since 2020, lithium iron phosphate has returned to people’s attention. In the fierce competition in the industry, lithium iron phosphate is still on the rise There are many challenges.

Lithium iron phosphate under pressure

Before 2020, LiFePO4 will be in a tepid state. Due to the lack of technology and the dual pressure of upstream and downstream, it will be particularly difficult for enterprises to make profits. Until 2020, LiFePO4 will return to people’s vision and become a new favorite in the new energy automobile industry, and its popularity will be improved for a time. However, LiFePO4 will also bear huge pressure. Titanium dioxide enterprises will build production lines across industries and use upstream raw materials Although there are many difficulties, the prospect of the industry is very optimistic.

Product specifications and quotation (ten thousand yuan / ton) date

Lithium iron phosphate ﹣ power ﹣ 4.6-5 April 8

Lithium iron phosphate ﹣ energy storage type ﹣ 4-4.4 ﹣ April 8

Lithium carbonate ﹣ industrial grade ﹣ 8.2-8.6 April 8

Lithium carbonate battery grade 8.8-9.2 April 8

LiMn2O4 ﹣ power ﹣ 4.2-4.5 ﹣ April 8

Lithium manganate ﹣ capacity type ﹣ 3.3-3.8 ﹣ April 8

Demand drives capacity growth

With the increasing demand for LiFePO4, more and more enterprises begin to build the production industry of LiFePO4, one after another increase their weight, prepare for planning, and seize the share. The demand for LiFePO4 is growing. Driven by the demand, the production capacity of LiFePO4 in China will be 142000 tons in 2020, an increase of 45.7% over the same period. It is estimated that the production capacity of LiFePO4 will be more than 250000 tons in 2021, and LiFePO4 will increase with its low cost The advantage of cost has been recognized by the market, and the market prospect of LiFePO4 has opened up.

The main raw material of lithium iron phosphate is lithium carbonate. In January 2021, the market price of lithium carbonate in East China rose rapidly as a whole. Until the end of March, the price was slightly stable. Lithium carbonate index: on April 7, the commodity index of lithium carbonate was 221.66, which was the same as yesterday, and was 405.10 points higher than the highest point in the cycle

(2018-01-07) decreased by 45.28%, increased by 124.94% compared with the lowest point of 98.54 on October 16, 2014. (Note: period refers to the period from September 1, 2011 to now)

In the short term, the market price of LiFePO4 will rise steadily. With the increasing demand, the demand for LiFePO4 will be further improved and has a broad prospect. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).