1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on May 15th was 1060 yuan/ton, which was 1.24% lower than the average price of 1073 yuan/ton on May 9th.
2、 Market analysis
The price of ammonium sulfate in the domestic market has fallen this week. The operating rate of coke enterprises does not fluctuate significantly, and some caprolactam enterprises are operating at a reduced load. This week, the bidding price for coking grade ammonium sulfate has been lowered, and the price for domestic grade ammonium sulfate has slightly decreased. At present, the demand for ammonium sulfate in the market is light, and downstream inquiries have decreased. Therefore, caution and observation are the main focus. As of May 15th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 990 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1045-1090 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market is mainly downward. At present, downstream demand for replenishment is high, and there is resistance to high prices, leading to a strong bearish sentiment in the market. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of May 14th, the reference average price of 85% industrial grade phosphoric acid in China was 6850 yuan/ton, which is 0.58% lower than the reference average price of 6890 yuan/ton on May 6th.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have fallen this week. As of May 14th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6550-7000 yuan/ton, while in Sichuan region, the ex factory price of 85% thermal phosphoric acid is around 6700-6900 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has experienced a decline, with bearish sentiment dominating the market. At present, trading in the yellow phosphorus market is light, and downstream inquiries have decreased. It is expected that the domestic yellow phosphorus market price will continue to be weak in the short term.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak and declining recently. The price of raw material yellow phosphorus has decreased, and cost support has weakened. Phosphoric acid has also decreased with the trend of raw material prices. At present, the trading in the phosphoric acid market is flat, and downstream demand for replenishment is urgent. It is expected that the domestic phosphoric acid market will mainly operate weakly in the short term.

Recently (5.1-5.12), the butadiene rubber market has slightly improved. According to the commodity market analysis system of Shengyi Society, as of May 12th, the butadiene rubber market price in East China was 12010 yuan/ton, an increase of 0.50% from 11950 yuan/ton at the beginning of May. The price of raw material butadiene has dropped significantly, and the cost center of butadiene rubber has shifted downwards; The production of butadiene rubber has increased, and the pressure on the supply side has slightly increased; In April, the production of semi steel tires in the downstream remained stable, while the production of all steel tires slightly decreased, which slightly weakened the support for the demand for butadiene rubber. As of April 29th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11850-12250 yuan/ton.
Recently (5.1-5.12), the price of butadiene has slightly increased, and the cost center of butadiene rubber has shifted upward. According to the Commodity Market Analysis System of Shengyi Society, as of May 12th, the price of butadiene was 9333 yuan/ton, an increase of 2.94% from 9066 yuan/ton at the beginning of May.
Recently (5.1-5.12), the construction of domestic butadiene rubber plants has significantly increased, with the overall construction rate rising from around 6.70% at the end of April to around 7.50%, resulting in increased pressure on the supply side of butadiene rubber.
Demand side: Recently (5.1-5.12), downstream tire production has significantly decreased, which has weakened the support for the butadiene rubber market. As of May 9th, the operating load of semi steel tires in domestic tire enterprises is around 5.8%; The operating load of all steel tires in tire enterprises in Shandong region is about 4.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the price of butadiene will slightly increase in the short term, and the cost support for butadiene rubber will still be weak; The decline in downstream production has a bearish impact on Shunding Rubber, with weak transactions. Overall, it is expected that the Shunding Rubber market will consolidate weakly in the later period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7500 yuan/ton on May 6th and 7428 yuan/ton on May 12th, a decrease of 0.96% during this period. LDPE (2426H) had an average price of 9216 yuan/ton on May 6th and 9116 yuan/ton on May 12th, a decrease of 1.08% during this period. HDPE (2426H) had an average price of 8112 yuan/ton on May 6th and 8112 yuan/ton on May 12th, during which the quotation remained stable.
The polyethylene market in May was mainly weak, with strong quotes for low-pressure products. After the May Day holiday, upstream enterprises and intermediaries accumulated inventory and faced significant inventory pressure, prompting businesses to actively reduce prices and ship goods; The demand for greenhouse film is low during the off-season, and the order volume is not good. Some enterprises mainly focus on phased production; The peak season for plastic film demand has ended, and except for a few areas with a small number of orders, large-scale areas have been in a state of shutdown for maintenance; The number of new orders in the packaging film market has decreased, and the intention to purchase for terminal essential needs has weakened; The demand side support is insufficient, and there are positive expectations from the macro perspective. On May 9th, international crude oil futures rose, but the cost side support was average. It is expected that polyethylene will operate weakly in a narrow range, with limited downward space.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province rose this week (5.5-5.9), with an average market price of 16650 yuan/ton at the beginning of the week and 17275 yuan/ton over the weekend, an increase of 3.75%.
This week, the magnesium market was stirred up by developments related to the dolomite mine in Wutai County. Affected by the news from the mining area, downstream procurement demand has significantly released, with a significant increase in procurement volume. Factory inventory has quickly tightened, leading to a rapid rise in magnesium prices.
Supply and demand side
Some factories that were originally planned to gradually resume production after the holiday are currently adopting a wait-and-see attitude due to changes in the supply of dolomite; Enterprises that are still in production generally have lower inventory levels. Considering the possibility of further increase in raw material costs, these in production enterprises have a low willingness to ship and are more inclined to maintain price stability, resulting in a significant increase in their willingness to raise prices. There is currently no clear sign of a rebound in downstream demand.
Raw material end
Recently, the market price of coal used for producing blue charcoal has shown a downward trend, while the price of blue charcoal itself has remained relatively stable, and the price of ferrosilicon has also experienced a slight decline. However, due to the shortage of dolomite supply, companies have to seek alternative sources of goods from other regions. As a result, it is expected that the total production cost will increase significantly in the future.
comprehensive analysis
Once the shutdown period is extended, the smelting efficiency of the main magnesium production areas will be significantly suppressed, and the cost of raw material procurement will also increase significantly. In this situation, there is a possibility of further increase in magnesium prices.