1、 Price trend

According to the data monitored by the business association, as of April 27, the ex factory price of rubber grade and high-quality silica was 4566.67 yuan / ton, and the market price of silica in China was relatively stable.

market analysis

Products: the stable operation of the white carbon black market is the main factor, the merchants are actively shipping, strong willingness to hold the price, with the public time being eased, the logistics has recovered, the shipping is smooth, most of the downstream maintain the wait-and-see just need to purchase, the actual single volume is limited, and the inventory is general..

Industry chain: the upstream hydrochloric acid market continues to be stable, the market trading atmosphere maintains the previous level, and the manufacturer has a strong quotation atmosphere for hydrochloric acid.

Industry: on April 26, the chemical industry index was 622, up 1 point compared with yesterday, down 38.78% compared with 1016 (2012-03-13), and up 4.01% compared with 598, the lowest point on April 8, 2020. (Note: cycle refers to 2011-12-01 to now)

Future forecast

According to the white carbon black analyst of business association, the rubber grade white carbon black market will continue to be stable in the short term. (the above prices are provided by the major manufacturers of silica all over the country and analyzed by the business silica analysts for reference only. For more details, please contact the relevant manufacturers for consultation.)

1、 Price trend

According to the price monitoring of the business agency, the market price of asphalt is stable this week, and the price of asphalt is reported to be 2252 yuan / ton, which is stable compared with that of last week.

2、 Analysis of influencing factors

Product: this week, the international oil price fell, the asphalt market and the terminal demand release were limited, and the social inventory consumption was slow. However, the asphalt manufacturers sold at a high price, and the asphalt market price remained stable.

Industry chain: WTI futures delivery dropped international oil prices, crude oil prices fell, the “US Iraq” relationship between China and the United States was once again strained, geopolitical risk factors increased the premium space of crude oil; at the same time, OPEC + and other oil producing countries gradually put production reduction on the agenda, active production reduction superimposed by movable production reduction brought certain boost to the market. International oil prices fall first and then rise.

In terms of asphalt Market: at the beginning of the week, driven by the increase of Sinopec and PetroChina refinery asphalt prices, but then on Tuesday, the international crude oil plummeted, driving the asphalt price down. This week, prices in the northwest and Northeast were basically stable. The southern region just needed to support the shipment. In addition, some resources of the refinery were transferred across regions, which led to smooth shipment of the refinery. The inventory decreased significantly. The price of asphalt market rose and fell steadily.

3、 Future forecast

Lu Xingjun, an asphalt analyst with business club, believes that: the operating rate of domestic refining plants has reached a high level, the release of asphalt terminal demand is limited, and the low oil price has depressed the market mentality, and it is expected that the short-term asphalt market price will be weak and stable.

1、 Trend analysis

As shown in the figure above, on April 22, spot copper fell slightly, and the current price is 41081.67 yuan / ton, down 2.22% compared with the previous day, down 16.93% year on year. Shanghai copper main contract opened low today to 40350 yuan, rebounded in the afternoon to narrow the decline, closing at 41090 yuan, down 0.84%.

2、 Market analysis

Due to severe oversupply in the US oil market, impending expiration of contracts and Texas’s decision to cut production, the historic rout of crude oil dragged down commodities and non-ferrous metals fell. The overseas epidemic led to the decline of export orders, the expansion of the price gap between refined and waste products limited the ability to move up the copper price, while the impact of the reduction of copper production in South America gradually emerged, as well as the recovery of production of downstream processing enterprises improved the demand, which still supported the copper price. According to data, China’s refined copper output in March was 771000 tons, down 2.5% year-on-year, the lowest since May last year.

3、 Future prospects

Based on the above situation, copper analysts of non ferrous branch of business cooperation think that: the current copper price is supported by the increase of copper terminal interference rate and the continuous de stocking of domestic inventory. However, due to the growing concern of the epidemic market for the economic prospect, there is still uncertainty in the transmission of ore terminal disturbance to the release of refined copper, and the predicted copper price still maintains a volatile trend in the short term.

Market Overview:

According to the bulk data monitoring of the business agency, the dichloromethane market in Shandong continues to decline. As of April 21, the average price of dichloromethane in Shandong is about 2090 yuan / ton, down 10.68% from April 13.

Market analysis:

Products: at present, the dichloromethane production enterprises in Shandong Province have started smoothly as a whole, with a certain amount of market inventory accumulation and flat demand in the downstream market. In order to reduce the follow-up inventory pressure, the enterprises are bidding for more shipments, and the market price continues to decline. At present, Shandong Province offers 2060-2090 yuan / ton, Jiangxi Liwen 2700 yuan / ton and East China 2100-2300 yuan / ton.

Industry chain: in the upstream, the domestic methanol market runs at a high price, the enterprise’s inventory pressure is not high, the surrounding market is actively pushing up, and the market transaction atmosphere is fair, at present, about 1730 yuan / ton; the liquid chlorine market is adjusted by shocks, the downstream market demand is improved, and the enterprise’s shipment is stable, and the current quotation in Shandong is about 500-700 yuan / ton. In the downstream, the supply and demand of domestic refrigerant market are weak, and the delivery is cold; the recovery of solvent and pharmaceutical pesticide industry is slow, the demand is weak, and the price support for dichloromethane is insufficient.

Future forecast:

According to the data analyst of methane chloride of business association, at present, the spot supply of dichloromethane is sufficient, the demand of downstream market is poor, the inventory pressure of enterprises is gradually increasing, and more competitive shipments are made, which is expected to be weak in a short period of time.

1、 Price trend

This week (4.13-17), the domestic polysilicon market fell sharply, and the prices of polycrystalline compact materials and polycrystalline non washable materials declined to varying degrees. The main reason is that the manufacturer’s quotation was greatly reduced due to the impact of inventory pressure, and then the demand side problem. Affected by the epidemic, the downstream purchase demand further shrank, and the export orders of components significantly shrank, so the market price is still low this week, The price of new orders in the market dropped a lot. According to the monitoring of the business agency, this week’s polycrystalline silicon solar grade I material fell by 7.8%, and the price of polycrystalline silicon has maintained a downward trend for four consecutive weeks.

2、 Market analysis

In terms of market supply, at present, polysilicon is in abundant supply, and the manufacturer’s devices are partially shut down. The overall domestic operation rate remains at 80-90%. As of April 17, only 1-2 polysilicon manufacturers in China maintain maintenance or load reduction production, and the domestic production maintains a high operation rate. In addition, the polysilicon import end shows a tightening trend, and the polysilicon production capacity of South Korea is still not restored, which also eases the domestic supply pressure to a certain extent, and plays a buffer role in the current weak polysilicon market. At present, manufacturers mainly execute orders in the early stage. Most enterprises sign orders until May, and some enterprises sign orders in May. In addition, the market transportation pressure is not great, but affected by the increase of transportation cost, the delivery speed of manufacturers decreases. According to the monitoring of the business agency, the main domestic transaction price of polysilicon with the model of primary solar material is 45000-49000 yuan / ton.

From the perspective of demand, terminal demand is sluggish and continues to decline. The downstream operating rate remains at a low level in a phased manner. Some newly built single crystal production capacity is delayed due to the impact of the epidemic, and domestic production remains stable. At present, there is no release of new production capacity, which also alleviates the pressure brought by the supply end to some extent. On the other hand, the demand for polycrystals is also slightly stable due to the gradual recovery of the operating rate of downstream single crystal enterprises currently in production, but the export of terminal components is still the biggest problem restricting the entire silicon industry chain.

3、 Future prospects

In the future, the business community believes that the polysilicon supply pressure is becoming more and more prominent at present, but in the later stage, it is not ruled out that the supply pressure caused by the deterioration of the external environment will continue to increase. On the one hand, domestic enterprises will gradually return to work, and the downstream operation rate will slightly increase. The domestic operation rate will remain relatively high. On the other hand, the trend of overseas epidemic is becoming increasingly severe, and the combination of overseas anti Chinese photovoltaic products With the increase of dumping, the export will still bring many challenges in the future, so it is expected that polysilicon market will maintain a narrow downward trend in the near future.