Cobalt prices picked up and rose this week

According to the data monitoring of the business agency, the cobalt market picked up this week and the cobalt price rose. As of April 24, the average price of cobalt was 555000 yuan / ton, up 0.51% from 552200 yuan / ton on April 18 at the beginning of the week. The supply and demand of cobalt market were both weak, the cobalt market recovered, and the cobalt price rose slightly.

Tesla resumption of work and rising demand in cobalt City

On April 19, Tesla Shanghai Super factory officially resumed production. According to Tesla, many Tesla parts suppliers in Shanghai also began to return to work at the same time as Tesla’s return to work. With the mitigation of the epidemic situation in Shanghai, the demand of cobalt market rises, and the driving force for the rise of cobalt price in the future increases.

Market Overview

Baijiaxin, a data analyst of the business agency, believes that the cobalt price rose this week, Tesla officially resumed work, and customers in the industrial chain resumed work one after another, resulting in an increase in future demand for cobalt; The recent flood in South Africa has led to the shutdown of logistics, the obstruction of cobalt raw material transportation and the reduction of cobalt supply. Overall, the supply and demand of the cobalt market are both weak in the near future. The supply of the cobalt market is expected to decrease and the demand is expected to increase in the future. The cobalt market shows a trend of supply decreasing and demand increasing. The rising power of the cobalt market is large, and the cobalt price is expected to rise in the future.

Trade name: chlorinated paraffin

Latest price: 6737 yuan / ton

Key points of analysis: the price of chlorinated paraffin 52 was stable on April 21, which was flat compared with the previous trading day. Today, the price of raw liquid wax increased, the transportation of raw liquid chlorine improved slightly, and the price operated stably. At present, the downstream demand of chlorinated paraffin is insufficient to follow up, and the enterprise starts at a low level. Today, the ex factory quotation of chlorinated paraffin 52 in Shandong is about 6200 yuan / ton, that in Northeast China is about 6700 yuan / ton, that in Anhui is about 7000 yuan / ton, and that in Shaanxi is about 6800 yuan / ton.

Future forecast: the price of chlorinated paraffin is expected to run smoothly in the short term.

Trade name: acetic acid

Latest price (April 20): 4810 yuan / ton

Key points of analysis: today’s acetic acid market is weak and downward. The average market price in East China has been reduced by 2.63% compared with the previous working day, and the acetic acid price in Shandong has been reduced by 100 yuan / ton. The market trading atmosphere is light, the logistics and transportation are blocked, the freight charges rise, the downstream purchase intention is general, and the on-site supply has accumulated. In order to maintain the quotation of shipping enterprises, the quotation continues to be reduced.

Future forecast: the short-term acetic acid market is weak, and the specific attention is paid to the market supply.

Trade name: TDI

Latest price (April 19): 18375 yuan / ton

Key points of analysis: the average price of TDI market in East China today decreased by 0.41% compared with the previous working day, and the market is weak. The logistics transportation is blocked, the on-site freight increases, the export orders of terminal products are general, the downstream demand purchase is limited, the market trading is weak, and the TDI quotation is weak and reduced. At present, the quotation range of dealers in East China is about 17400-17800 yuan / ton for domestic goods and about 18000-18500 yuan / ton for Shanghai goods.

Future forecast: the TDI market is weak in the later stage, and the specific attention shall be paid to the market supply and downstream follow-up.

Trade name: sulfur

Latest price (April 18): 3600 yuan / ton

Key points of analysis: according to the price monitoring of business society, the average price of sulfur in East China today increased by 1.60% compared with yesterday. The inventory of domestic refineries is low, the inventory of manufacturers is not under pressure, the downstream sulfuric acid market continues to rise, which is good for sulfur support, the supply of goods in the port is tight, the price market runs at a high level, the quotation of domestic refineries continues to be strong, the consolidation and operation of ammonium phosphate Market is the main aspect, the demand for fertilizer gradually weakens in spring, and the downstream purchases on demand, Individual enterprises adjusted the quotation according to their own shipment, and the sulfur price of refineries in Shandong increased by 50-70 yuan / ton.

Aftermarket forecast: the short-term sulfur market is relatively strong, so we should pay more attention to the downstream follow-up.