First, the price trend

According to the data monitoring of the business community’s big list, this week, the caprolactam market rose slightly. The domestic liquid caprolactam average price was 16,890 yuan/ton at the beginning of the week, and the average weekend price was 16,940 yuan/ton. The price was raised by 50 yuan/ton, or 0.30%.

Second, the market analysis

Products: This week, the caprolactam market fluctuated and rose. The liquid caprolactam in East China was around RMB 16,900/ton. The market cost support is stable; some manufacturers have reduced the operating rate of the boiler industry due to the failure of the boiler unit, resulting in a slight increase in the mainstream price and a good negotiation atmosphere.

Industry chain: The price of downstream chips remained stable, cost pressure remained, and manufacturers shipped in general.

Third, the market outlook

Business community analysts believe that the supply and demand environment of domestic lactam is good, and it is expected that the short-term market will maintain a shock consolidation trend.

First, the price trend

According to the data of the business community, the price of acrylic acid market fluctuated downward this week, the demand gradually improved, and the supply of goods was faster than the previous period. The mainstream price of the primary market of the acid was 9000-9200 yuan/ton, and the space for negotiation was limited.

Second, the market analysis

Product: Jiangsu Jurong Chemical Co., Ltd. quotation of acrylic acid is 9200-9300 yuan / ton; Nantong Runfeng Petrochemical Co., Ltd. acrylic acid market is temporarily stable, the price of acid is 8600 yuan / ton. Recently, the prices of acrylic raw materials have risen and fallen, the market has mainly digested inventories, and prices have remained weak.

Industry chain: Domestic propylene (East China) prices have fallen this week. With the resumption of production in the previous inspection and refinery, the supply of propylene in the field was sufficient, and the propylene inflow in the peripheral area increased the pressure on the inventory in the area. As of the end of this week, the mainstream price of the East China propylene market is around 9,300 yuan / ton.

Third, the market outlook

The acrylics analyst of the business community believes that the domestic acrylic acid supply is stable, the downstream keeps the inventory purchase, and the price gradually picks up. It is expected that the acrylic acid market will be adjusted in the short term.

Moscow, September 4, a company owned by Russian billionaire Alisher Usmanov Holdings said on Tuesday that it has begun construction of a large mining and smelter in the Udokan copper deposit in a remote part of eastern Siberia.

The Udokan deposit has a copper reserve of approximately 26.7 million tons and is the largest undeveloped copper deposit in Russia and one of the largest undeveloped copper deposits in the world.

Baikal Mining Company said that after the start of production in 2022, the smelter will have a maximum ore refining capacity of 12 million tons per year. In the future, it is also possible to increase the annual refining capacity to 48 million tons.

On September 4th, a company owned by Russian billionaire Alisher Usmanov Holdings said it had begun construction of a large mining and metallurgical plant at the Udokan copper mine in a remote area in eastern Siberia. With a total copper reserves of approximately 26.7 million tons, it is the largest undeveloped copper deposit in Russia and one of the largest copper deposits in the world.

On September 4, the price of metal cobalt in the domestic non-ferrous metal spot market was temporarily stabilized. The average price of cobalt was 486875.00 yuan/ton, which was stable compared with the previous trading day.

On September 4th, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 3, the cobalt commodity index was 175.13, which was the same as yesterday. It was 26.70% lower than the highest point of 238.91 points (2018-04-15) in the cycle, which was 150.76% higher than the lowest point of 69.84 on July 5, 2016. (Note: Period refers to 2011-09-01 to date).

On September 4, the domestic cobalt price was temporarily stabilized, and the price of cobalt powder in Shanghai fell, and the actual transaction price remained stable. On September 4, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 466,000-496,000 yuan/ton, and the price of cobalt was stable. On September 4, the stock was 571.25 tons, and the inventory was reduced by 1.5 tons. The supply of cobalt is at a high level, and downstream enterprises are purchasing on demand, but the market is still dominated by wait and see. According to the data of China Automobile Association, in July, the production and sales of new energy vehicles in China were 90,000 and 84,000 respectively, up 53.6% and 47.7% respectively over the same period of last year. The growth rate of new energy vehicles has declined, but the performance is still good. According to market expectations, the performance of new energy vehicles is positive for the stability of cobalt prices, but it is difficult to change the downward trend of cobalt prices. However, due to the absolute high cobalt price in the previous period, the import cost of cobalt ore is relatively high, and the space for cobalt price decline is limited. In terms of market outlook, there is no major change in the supply and demand of cobalt. The overall supply of cobalt is oversupplied, the price of cobalt is difficult to maintain, and the domestic cobalt price is still at risk of decline. It is expected that the price of cobalt in the market will fluctuate and stabilize.