From March 3 to March 10, 2023, the market price of antimony ingots in East China was temporarily stable, with the price of 86750 yuan/ton at the end of last week and 86750 yuan/ton at the end of this week, which was flat.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the recent upward trend of antimony ingot market before and after the Spring Festival, entered a stable period after the middle of March, entered a downward channel in the middle of April, the decline slowed down at the end of April, the trend was stable in May, the price entered an upward channel in June, and then went down again after a brief stable period in July. After August, the market stabilized step by step, and remained flat for eight consecutive weeks. At the end of October, the price began to decline continuously, and after December, the price continued to recover.

European strategic small metal antimony price this week (unit: USD/ton)

Variety/ March 3/ March 10/ Up and down

European small metal antimony/ 12700./12600./-100

This week, the price of European strategic small metal antimony was slightly reduced near the weekend, to 12600 US dollars/ton on March 10, and to 100 US dollars/ton on Friday. The market atmosphere was somewhat wait-and-see during the week.

This week, the market price of antimony ingots remained stable, the market transaction was still weak, and the negotiation was slightly cold. Convenience of supply and demand has not changed much this week. Supply is still slightly tight and demand is weak. The smelter still has a strong attitude of price fixing, the market traders’ quotations are stable, and the downstream maintains just in need of procurement. This week, the price of small metals in Europe slightly corrected, and the market is also in a wait-and-see mood, waiting for the further trend of the market. In the future, the price of antimony ingots will remain stable for the time being.

Antimony oxide price trend this week (unit: yuan/ton)

Variety/ March 3/ March 10/ Up and down

99.5% antimony trioxide./75500./75500./0

99.8% antimony trioxide./77000./77000./0

This week, the antimony oxide market continued to maintain a temporary stable operation, the market started relatively smoothly, and the overall operation remained temporarily stable, with slightly light trading volume.

The non-ferrous index stood at 1141 points on March 9, down 2 points from yesterday, down 25.81% from the cycle’s highest point of 1538 points (2021-10-18), and up 87.97% from the lowest point of 607 points on November 24, 2015. (Note: the period refers to 2011-12-01 to now).

According to the monitoring of the Business News Agency, the rare earth market price index continued to decline in February, and the domestic rare earth market trend declined. The rare earth index was 625 points on February 27, down 8 points from yesterday, down 37.93% from the highest point in the cycle (2022-02-24), and up 130.63% from the lowest point 271 on September 13, 2015. (Note: the period refers to 2011-12-01 to now).

The prices of neodymium oxide, metal neodymium, praseodymium oxide, metal praseodymium praseodymium neodymium oxide and metal praseodymium neodymium all declined in China. As of the end of the month, the price of metal praseodymium neodymium was 820000 yuan/ton, down 8.89% in February; The price of praseodymium and neodymium oxide was 682500 yuan/ton, and the monthly price fell by 8.70%; The price of neodymium oxide was 705000 yuan/ton, and the monthly price fell by 11.88%; The price of neodymium metal was 895000 yuan/ton, and the price trend fell by 9.14% in February; The price of praseodymium metal was 890000 yuan/ton, and the monthly price decreased by 4.81%; The price of praseodymium oxide was 672500 yuan/ton, down 5.94% in February.

The domestic light rare earth market demand is difficult to improve. The downstream magnetic material enterprises still focus on digesting the inventory. The order situation is poor, and the purchase is very light. The metal demand situation in the rare earth market has not improved. Some metal factories have almost no transactions. In addition, the transaction situation of the rare earth oxide inquiry is not optimistic, and the prices of the holders continue to decline. In the near future, the downstream procurement is very cold, coupled with the gradual resumption of production enterprises, the supply of light rare earth market is increasing, and the negative factors are superimposed, and the domestic light rare earth market price is mainly declining.

The price of domestic heavy rare earth dysprosium series fell back, and the price of dysprosium oxide was 2.16 million yuan/ton by the end of the month, with a decline of 12.20% in February; The price of dysprosium ferroalloy was 2.16 million yuan/ton, down 11.84% in February; The price of dysprosium metal was 2.965 million yuan/ton, and the monthly price fell 7.63%; The price of domestic terbium is mainly declining. The price of domestic terbium oxide is 12.45 million yuan/ton, and the price of metal terbium is 16.05 million yuan/ton. The price of heavy rare earths has continued to decline, the production enterprises in Sichuan and other places have started to rise, and the downstream procurement is scarce. The oversupply has made the market price decline difficult to change. However, Myanmar’s exports are limited, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, and the price decline in the heavy rare earth market has been restrained to some extent.

According to the data released by the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China reached 425000 and 408000 respectively in January 2023, down 46.6% and 49.9% on a month-on-month basis, down 6.9% and 6.3% on a year-on-year basis, and the market share reached 24.7%. The production and sales of new energy vehicles have declined, the demand for new energy has declined, and the price trend of domestic rare earth market has declined.

The recent purchase list of rare earth downstream businesses shows poor demand. In addition to the increase in upstream supply, the contradiction between supply and demand is acute, and the transaction situation is rare. In the short term, the price of rare earth market is mainly declining. In the long term, the new energy vehicles, wind power, and variable frequency air conditioning in the downstream of rare earth are sustainable development. The demand in the new energy field is still guaranteed, and the development of rare earth industry is optimistic.

According to the monitoring of the Business News Agency, the market price of butadiene declined in a narrow range. From February 27 to March 3, the domestic market price of butadiene fell from 9887 yuan/ton to 9712 yuan/ton. The price fell by 1.77% in the cycle, with a year-on-year increase of 4.63% and 14.11%.

The domestic butadiene market fell from a high level. Due to the limited follow-up of synthetic rubber, the profit was under pressure, which affected the decline of industrial operating rate and the gradual weakening of butadiene market demand.

In terms of cost and crude oil: although it is worried that the increase of interest rates in Europe may affect economic growth, the demand of Indian refineries has reached a record high, and the economic data of China is improving, and the international oil price continues to rise. NYMEX crude oil futures 04 contract 78.16 rose 0.47 US dollars/barrel or 0.60%; ICE oil distribution futures 05 contract 84.75 rose 0.44 US dollars/barrel or 0.52%. In terms of naphtha, the international crude oil rose slightly, and the market may continue to follow up. At present, the merchants have different attitudes and are cautious in chasing up the high price. Naphtha continues to be high, and the main benefit comes from the support just needed for the local refining and reforming

On the supply side, the listed price of butadiene in Sinopec’s sales companies was reduced by 200 yuan/ton to 9800 yuan/ton. Fushun Petrochemical’s 160000 t/a butadiene extraction unit is in stable operation, and the 600 t supply is planned to continue bidding for export. The bidding base price is temporarily referred to 8400 yuan/t. The 64000 t/a butadiene extraction unit of Shenhua Ningxia Coal was temporarily shut down in the evening of February 27. Butadiene supply side was negative.

On the demand side, the raw material butadiene market has declined, while the synthetic rubber market has fluctuated. Due to the limited follow-up of synthetic rubber, the profit was under pressure, which affected the decline of the industry operating rate. The demand for butadiene is weak.

In terms of external market: the closing price of butadiene in Asia fell on March 2: the FOB price in South Korea was $1175-1185/ton, down $20/ton; China CFR News was 1195-1205 US dollars/ton, down 20 US dollars/ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at 795-805 US dollars/ton; FD Northwest Europe closed at 865-875 euros/ton.

Region/. country./closing price./up and down

Asia/ FOB Korea/ 1175-1185 US dollars/ton/ -20 yuan/ton

Asia/ CFR China/ 1195-1205 US dollars/ton/ -$20/ton

Europe and America/ FOB Rotterdam/ USD 795-805/ton/ 0 USD/ton

Europe/ FD Northwest Europe/ 865-875 euros/ton/ 0 Euro/ton

In the future, it is predicted that due to the poor profit, the capacity utilization rate of the synthetic rubber industry will decline significantly, the demand for butadiene will weaken, the resource side of superimposed shipment will increase, and the supply and demand will be weak. Butadiene analysts of the Business Agency predict that the domestic butadiene market will continue to decline in the short term.

According to the monitoring data of the Business News Agency, as of March 3, 2023, the ex-factory price of domestic industrial grade dimethyl carbonate was referenced at 5133 yuan/ton. Compared with February 26, 2023 (the reference price of dimethyl carbonate was 5066 yuan/ton), the price increased by 67 yuan/ton, or 1.32%.

It can be seen from the data monitoring chart of the business agency that this week (2.27-3.03), the domestic dimethyl carbonate market overall showed a stable operating trend after a slight increase. At the beginning of the week, on February 27th, some domestic factories slightly increased the ex-factory price of dimethyl carbonate by around 100 yuan/ton, while other factories mostly kept the initial price stable, and then the overall domestic market of dimethyl carbonate was dominated by high consolidation. As of March 3, the ex-factory price of dimethyl carbonate in China is around 5000-5200 yuan/ton.

Future trend analysis

At present, the atmosphere of dimethyl carbonate on-site trading is good, the overall performance of the supply side of dimethyl carbonate is relatively stable, the downstream demand is gradually recovering, the polycarbonate market is stable, and the overall stability of other industries is stable. The business agency’s dimethyl carbonate data analyst believes that in the short term, the domestic market of dimethyl carbonate is stable and moving forward, and the specific trend needs to pay more attention to the change of information on the supply and demand side.

In February, the overall price of domestic engineering plastics fell more or less. According to the data monitored by the Business News Agency, by the end of February, the decline of various engineering plastic varieties compared with the beginning of the month was from high to low, PC-5.64%, PA66-2.33%, PA6-1.40%, PET-0.87%, POM+2.38%, respectively.

Commodity/ Price at the beginning of February/ The price at the end of February/ Unit/ Monthly rise and fall

PC./17450.00./16466.67./yuan/ton./-5.64

PA66./21500.00./21000.00./yuan/ton./-2.33%

PA6./14333.33./14133.33./yuan/ton./- 1.4%

PET./ 7546.00./7480.00./yuan/ton./-0.87%

POM ./ 14000.00./14333.33./yuan/ton./+2.38%

In February, the supply and demand of the industry should have increased significantly during the period when the industry resumed work and market participants returned to cash. But at the end of the month, the overall momentum of the market was low. Macroscopically, the economic data of January was mixed, and the profitability of engineering plastics manufacturing enterprises was still challenged, and the improvement of operating risks of factories at all levels was limited. Combined with the fluctuation of international oil price at the beginning of the month, the common remote cost of the plastic industry weakened. The market situation of engineering plastics industry in February tends to be negative due to the lag of downstream enterprises in taking goods.

PC

The domestic PC market fell in February. The upstream bisphenol A market is also difficult to say positive, and the price fell after a narrow range of consolidation. Although raw materials such as pure benzene rose this month and bisphenol A rose with raw materials, the low demand of bisphenol A made it difficult to improve the low volatility of the market. The overall support effect on PC spot price is poor. In terms of industry load, the utilization rate of PC capacity increased to more than 70%, the highest in recent years, and the pressure on the supply side was high. The demand is relatively weak, the operators have a wait-and-see attitude, and the operation is cautious. The actual orders are mainly scattered small orders, and the downstream enterprises are relatively lagged behind in stock, and the traders are mostly engaged in profit-sharing sales. On the whole, the contradiction between PC supply and demand was deepened in February. It is expected that PC supply pressure will not change in the short term, or it will continue to operate in a weak way.

PA66

In February, the market of PA66 was poor, and the spot price was stagnant after falling. In terms of supply, the overall monthly load of domestic PA66 industry is more than 65%. Enterprise operations continue to be biased towards destocking, with general inventory pressure and abundant supply of goods on the site. In the upstream, the operating rate of adipic acid raw material increased within the month, and the expected increase in supply in the later period was negative for the market. The supply of hexamethylene diamine is also expected to increase, and the support of PA66 raw material end to the spot is weakened. In terms of demand, the situation is weak and difficult to change. The terminal enterprises just need to follow up with the maintenance of goods. Buyers generally have strong resistance to high-priced supply. It is expected that PA66 will continue its weak consolidation market in the short term.

PA6

The domestic PA6 market fell after rising in February. The market price of caprolactam, the upstream product, fell sharply, and the price of pure benzene, the raw material, fell first and then rose. The cost support was acceptable. The spot supply of caprolactam market is stable, and the downstream low-price procurement is the main factor, which weakens the support for PA6 cost. PA6′s operating rate in February fluctuated between 66% and 70%, with stable output and abundant supply of goods. Downstream, terminal replenishment demand is weak, intra-field trading is weak, overall demand for PA6 chips is poor, and intra-field spot competition is strong. It is expected that the PA6 market will continue to consolidate in the short term.

PET

This month, the bottle-grade PET market was stable and slightly volatile, and the market was operating in a narrow range. At the end of the month, the price of the business club was 7480.00 yuan/ton, down 0.87% from the beginning of the month. At present, the overall supply and demand of the market is balanced. The cost support is not strong, and the manufacturer is active in shipping. Downstream enterprises purchase as required, and near the end of the month, the focus of on-site trading and investment negotiation is weak. In the near future, both domestic consumption and export orders have an upward trend. It is expected that the PET market will turn to a stronger market at the beginning of March.

POM

The domestic POM market was positive this month, with the market price rising. In terms of supply of goods, the load of POM enterprises was adjusted in a narrow range at the high level within the month, and the load at the end of the month was about 96%, but the inventory position of enterprises was low, and the supply pressure was acceptable. The manufacturer’s inventory of crows and the ex-factory price have been rising. Under its guidance, the traders’ mentality has been supported to some extent. In terms of demand, terminal enterprises purchase on demand. Near the end of the month, the stock operation is gradually cautious. The actual orders of traders are mostly for negotiation, and the actual transaction has slowed down. The POM market is relatively balanced in the near future, and it is expected that the market will be stable in the short term.

Aftermarket forecast

In February, the market of engineering plastics generally weakened, and most of the products had supply and demand contradictions in varying degrees. The polymerization enterprise reduced the ex-factory price in order to get rid of the stock. The terminal manufacturer has a pre-year raw material inventory waiting to be digested. It will take time for the market supply and demand to go through a phased contradiction. At the same time, the macro pattern of economic recovery at the beginning of this year did not significantly help the engineering plastics industry. In the short term, it is difficult to improve the market supply and demand. It is expected that the engineering plastics market will continue its current weak overall operation at the beginning of March.

According to the data monitoring of Business News Agency, the polyacrylamide commodity index on February 27 was 94.09, which was the same as yesterday, down 15.62% from the highest point of 111.51 (2021-11-03) in the cycle, and up 13.51% from the lowest point of 82.89 on August 2, 2020. (Note: the period refers to April 1, 2019 to now)

Commodity market: According to the data monitoring of the Business News Agency, the mainstream market of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ionic degree) in the domestic market was stable in late February 2023, with the main price of about 15442.86 yuan/ton. At present, the polyacrylamide manufacturers have sufficient inventory, the downstream demand is general, the market is not strong, and the order situation is not ideal. The mainstream market of raw materials acrylonitrile and acrylic acid declined mainly in the last ten days, and the downstream demand of both did not support the price rise; The downstream demand of polyacrylamide itself continued to be weak, and its market declined slightly.

Raw material acrylonitrile: according to the data from the Business News Agency, the market price of acrylonitrile continued to decline in late February. As of February 28, the bulk water price of acrylonitrile market was 10500 yuan/ton, down 0.24% from 10525 yuan/ton on February 21; Among them, the highest price of the stage is 10525 yuan/ton on February 21, and the lowest price is 10500 yuan/ton at the end of the month. The market of acrylonitrile raw materials was mainly down, while the cost was down; The stable production and commencement of the downstream have a strong need for support for acrylonitrile, but the downstream has a slight resistance to high-priced sources of goods. It is expected that the acrylonitrile market will consolidate in a narrow range in the short term.

Acrylic acid as raw material: According to the data from the Business News Agency, the acrylic acid market in late February first declined slightly and then rebounded slightly. Among them, the average price in East China on February 21 was 8100 yuan/ton, and the average price on February 28 was 8050 yuan/ton, with a decrease of 0.62% in the current ten days; The highest price of the stage is 8100 yuan/ton on the 21st, and the lowest price is 8000 yuan/ton on the 23-26, with the maximum amplitude of 0.82%. The supply-side cost support still exists, the operating rate is at a low level, the terminal demand is slow to follow up, the enthusiasm for raw material procurement is general, and the focus of acrylic acid market negotiation is loose. At the end of the month, there was a strong wait-and-see atmosphere in the market, and it was expected that the acrylic acid market would be dominated by stalemate and consolidation in the short term.

Liquefied natural gas for production. According to the data of Business News Agency, the domestic liquefied natural gas (LNG) in late February fell first and then went up: from 6060 yuan/ton on February 21 to 6082 yuan/ton on February 28; Among them, the highest stage price was 6082 yuan/ton at the end of the month, and the lowest stage price was 5964 yuan/ton on the 24th, with a maximum amplitude of 1.98%.

Aftermarket forecast: the price of main raw materials will mainly decline slightly, and the production of polyacrylamide will be normal and the inventory will be sufficient. The demand for downstream demand orders will continue to be weak. It is expected that the support will continue to be unfavorable in the short term, and the polyacrylamide market will continue to be weak.

Domestic price trend:

It can be seen from the trend chart of paraxylene that the price trend of paraxylene in February was temporarily stable. By the end of the month, the domestic ex-factory price of paraxylene was 8500 yuan/ton, which was the same as the price of 8500 yuan/ton at the beginning of the month, with a year-on-year increase of 6.25%.

In February, the supply of paraxylene was normal, the domestic PX operating rate was more than 60%, the operation of Sinochem Hongrun Petrochemical 600000 tons unit was stable, the operation of Yangzi Petrochemical unit was stable, the operation of Pengzhou Petrochemical unit was stable, the operation of Yangzi Petrochemical PX unit was normal, the operation of Jinling Petrochemical unit was stable, the Qingdao Lidong unit was operating at full load, the operation of Qilu Petrochemical unit was stable, the operation of Urumqi Petrochemical unit was about 50%, and the domestic paraxylene supply was normal, The operation of overseas units is normal, and the domestic price of paraxylene is stable. In February, the international crude oil price fluctuated, and the PX outer price range fluctuated. As of the 24th, the closing price in Asia was 994-996 yuan/ton FOB Korea and 1019-1021 dollars/ton CFR China. The operating rate of PX units in Asia has maintained recently. Overall, the operating rate of PX units in Asia is around 60%. The supply of PX goods in Asia is normal, and the domestic PX market trend is temporarily stable.

In February, the international crude oil price fell slightly by 3.23%. As of the end of the month, the settlement price of the main contract of WTI crude oil futures in the United States was 76.32 dollars/barrel, and the settlement price of the main contract of Brent crude oil futures was 82.82 dollars/barrel. On the macro level, the inflation level in the United States remains high, the economic data is strong, and the month-on-month rise in inflation data in January makes the expectation of the Federal Reserve’s radical interest rate increase continue to rise. On Wednesday, the Federal Reserve released the minutes of its first meeting in 2023. As soon as the news came out, the oil market fell sharply at the end of the day. The minutes showed that the probability of further interest rate increase was increased, and the stubbornness of inflation and the long-term trend of inflation made the interest rate reduction at the end of the year almost impossible, which led to the pressure on the prices of risky assets such as crude oil. The western developed economies are suffering from inflation and are still in the expected channel of economic recession. It is difficult for oil demand to improve in the medium and long term. It can also be seen from the EIA inventory data that the super accumulation of gasoline and refined oil makes market participants uneasy, especially the news that the United States has released its crude oil reserves again is also negative for the oil market. However, the rising demand in Asia has played a certain supporting role in the international oil price and suppressed the decline of crude oil. On the whole, the price trend of crude oil market declined, while the price trend of paraxylene was stable.

In February, the domestic PTA spot market declined slightly, with the average price of 5636 yuan/ton in the East China market by the end of the month, down 2.21% from the beginning of the month. Recently, some PTA devices have been overhauled, the operating rate is around 72%, the PTA supply has decreased slightly, the short fiber supply in the downstream has increased slightly in the near future, and the start of the downstream yarn mills and weaving mills has been resumed, but the start of construction is less than expected, the demand recovery is less than expected, the short fiber enterprises have just purchased, and the short fiber enterprises have accumulated a small stock. On the whole, the downstream market is still weak. In general, the downstream textile industry is volatile, and the domestic paraxylene market price trend is temporarily stable.

Chen Ling, an analyst at PX Business Agency, believes that the current supply side of the crude oil market will continue to play against the demand side, and the downstream PTA inventory and supply will tighten expectations. With the coming of the “golden three silver four” peak season, the market’s expectation of demand is still relatively optimistic. In general, it is expected that the market price of paraxylene will rise in the future.

According to the monitoring of the Business News Agency, the price of anhydrous hydrofluoric acid was stable this week. As of the end of the week, the market price of hydrofluoric acid was 9828.57 yuan/ton, which was the same as the price of 9828.57 yuan/ton at the beginning of the week, with a year-on-year decline of 13.18%.

Supply side: the domestic hydrofluoric acid price trend is temporarily stable, and the mainstream price of domestic hydrofluoric acid negotiated by various regions is 9700-10200 yuan/ton. Some units are still in shutdown recently, but the hydrofluoric acid spot supply is sufficient, and the manufacturer’s hydrofluoric acid order is poor, which affects the hydrofluoric acid price to remain low.

Raw material side: the price trend of raw fluorite market is temporarily stable. As of the 24th, the average price of domestic fluorite is 3050 yuan/ton, and the price trend is stable this week. Recently, the operating rate of domestic supply side has increased, some fluorite enterprises have started operations, and the supply of domestic fluorite production enterprises has increased. The raw material mining enterprises are facing increasingly stringent safety and environmental protection requirements, resulting in insufficient operation of fluorite mines. The insufficient supply of raw materials is also a major factor affecting the supply of fluorite. The price trend of fluorite on the site is temporarily stable, and hydrofluoric acid is affected by costs, and the market price fluctuates little.

The market price of raw material sulfuric acid rose. As of the 24th, the average price of domestic sulfuric acid was 248.33 yuan/ton. The price rose 4.2% this week, and the price rose this week. Recently, domestic sulphuric acid plants have been operating stably and the supply has been normal, and the enthusiasm of downstream procurement of sulphuric acid has increased. Positive factors have supported the rise of sulphuric acid prices, which has driven the domestic hydrofluoric acid market to stop falling and stabilize.

Demand side: the market of refrigerant products at the downstream of the terminal rose slightly, and the operating rate of the refrigerant industry remained low. Some enterprises resumed work and slightly increased the ex-factory price, driving the domestic refrigerant R22 price to rise slightly. The refrigerant R22 manufacturer’s load is not high, the inventory is in a reasonable range, and there is a lot of wait-and-see mood. Affected by the low price of hydrofluoric acid, the refrigerant industry is under pressure, and the price increase of R22 is limited. The domestic R134a manufacturers operate at low load, and the price trend of R134a rises slightly. However, at present, the demand procurement is the main part, and the downstream enterprises are not starting high. The traders are in a strong wait-and-see mood. At present, the market price of refrigerant R134a is mostly in the range of 24500-25500 yuan/ton, and some enterprises have not yet resumed production. The refrigerant delivery is light, and the downstream R134a market is slightly higher. Recently, the downstream refrigerant industry has not been active in procurement, and the operating rate is less than 30%. The purchase of upstream raw materials is scarce, and the price trend of hydrofluoric acid market is temporarily stable.

Aftermarket forecast: In the short term, the raw material fluorite market will remain weak, and the downstream refrigerant industry will remain sluggish. However, the refrigerant market will rise slightly, and the combination of short and long factors will affect the market. Chen Ling, hydrofluoric acid analyst of the Business Agency, believes that the market price of hydrofluoric acid will remain low in the short term.

According to the bulk list data of Business News Agency, as of February 22, the average price of domestic industrial 85% formic acid enterprises was 3433.33 yuan/ton, which was 0.98% higher than that of last Friday (February 17).

Recently, the domestic industrial grade 85% formic acid market has been stable after a slight rise. Recently, the price of raw material sulfuric acid has risen, the market of raw material methanol has fluctuated in a narrow range, and the pressure on cost has increased, which has driven the price of formic acid to rise, and the volume of mainstream devices in the early stage has been reduced. However, the market supply is sufficient, the demand of the main downstream formate market is moderate, and the market price is high, and the formic acid market is strong.

Upstream products: upstream sulfuric acid, the domestic sulfuric acid market price was temporarily stable on February 21, and the reference price of sulfuric acid was 243.33 on February 21, up 5.03% compared with February 1 (231.67); Upstream methanol, according to the monitoring of the Business News Agency, the domestic methanol market fluctuated in a narrow range. From February 14 to 21 (as of 15:00 p.m.), the average price of the domestic methanol market in the East China port rose from 2691 yuan/ton to 2714 yuan/ton. The price rose 0.85% and 0.90% month-on-month in the cycle.

According to the formic acid analysts of the Business Society, at present, the cost support is strong, the market is still dominated by inventory digestion, and the demand is expected to rise steadily. In the short term, the domestic industrial grade 85% formic acid market may be dominated by strong operation, and more attention should be paid to the guidance of market news.

Recent price trend of calcium carbide

As can be seen from the above figure, the ex-factory price of calcium carbide in the northwest region fell slightly this week. This week, the average ex-factory price of the mainstream calcium carbide manufacturers in the northwest dropped from 3683.33 yuan/ton at the end of last week to 3583.33 yuan/ton at the end of this week, down 2.71%. The year-on-year decline was 13.65%. The calcium carbide commodity index on February 19 was 93.89, which was the same as yesterday, down 55.76% from the cycle’s highest point of 212.23 (2021-10-26), and up 69.20% from the lowest point of 55.49 on March 14, 2016. (Note: the period refers to September 1, 2011 to now)

Insufficient upstream support and average downstream demand

From the manufacturer’s quotation, the ex-factory price of calcium carbide in northwest China fell slightly this week.

The market price of the upstream semicoke market was low, and the price of the downstream PVC market rose slightly. At the end of this week, the price of Shenmu charcoal was around 1400-1600 yuan/ton, and the cost support was insufficient. The market price of PVC rose from 6153.33 yuan/ton at the beginning of the week to 6193.33 yuan/ton at the end of the week, up 0.65%. The year-on-year decline was 29.86%. The PVC market price fluctuated slightly, and the downstream customers were generally motivated to purchase calcium carbide. The downstream PVC market had a negative impact on the price of calcium carbide.

Calcium carbide may fall in the aftermarket

In late February, the carbide market may fall in a narrow range. The price of raw material blue charcoal is low, and the cost support is insufficient. The downstream PVC market is slightly fluctuating and rising, and the downstream demand is general. In late February, the price of calcium carbide in the northwest region may fall in a narrow range.