According to the data monitored by the business society, the PP market trend fluctuated and fell in early December, and the spot prices of various brands decreased. As of December 10, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8090.00 yuan / ton, up or down – 3.00% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: Recently, the propylene price in Shandong stabilized after falling, and the upstream oil price was repaired after falling sharply, providing support for propylene. However, the downstream demand is weak, coupled with sufficient supply in the propylene market, it is expected that the propylene short-term market will maintain a volatile downward trend.

Upstream, the price of propylene and other raw materials is weak, and the collapse of PP cost support in the early stage has not been improved. In addition, the supply of PP remains abundant, the operating rate of the industry is stable, and the storage of two barrels of oil depot is stable. The operating rate of the industry and its downstream is still average, the purchase follow-up of end users is not timely, and the merchant’s offer confidence is poor. Some polymerization plants consider reducing the burden and reducing the pressure.

In terms of fiber materials, according to the data monitored by the business society, as of December 10, the spot price trend of domestic fiber PP stabilized after falling. The mainstream offer price of Z30S (fiber) from domestic manufacturers and traders was about 8216.67 yuan / ton, up or down – 4.27% compared with the average price at the beginning of the month, with a year-on-year decrease of – 6.81%. Recently, the demand for PP fiber materials has been stable. Due to the falling cost, the operating rate of the main downstream non-woven enterprises has increased slightly, and the consumption of end products is flat compared with last week, giving general support to fiber materials.

In terms of melt blown materials, the recent melt blown PP market is weak. As of December 10, the average quotation of domestic melt blown material sample enterprises monitored by the business community is about 9650 yuan / ton, up or down – 0.34% compared with the average price level at the beginning of the month. During the period of high incidence of recent rebound in health events in various countries, the number of local diagnoses in some areas of China has increased. However, the supply of meltblown materials in the field is sufficient, and dilution has a pulling effect on the spot market of meltblown cloth. In addition, the weakening of cost side support smoothes the bullish market, and the market lacks guidance for horizontal operation.

Future forecast

PP analysts of business society believe that the domestic polypropylene market continued to be weak in early December, the cost side is still weak, and the upstream support for PP is poor. The demand of terminal enterprises is not followed up enough, and it is expected that the PP market may still fall in a narrow range in the short term.

1、 Price trend

According to commodity data monitoring, titanium dioxide prices fell this week. The average price of titanium dioxide in China was 20783.33 yuan / ton last Friday and 20700 yuan / ton this Friday. The price fell by 0.4% during the week.

2、 Market analysis

Titanium dioxide market fell steadily this week. The market demand for titanium dioxide is relatively light. At present, it is in the off-season of titanium dioxide, the market inquiry is general, and the transaction of new orders is weakened. Up to now, the factory quotation including tax of rutile titanium dioxide in China is 19500-21500 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17500-19500 yuan / ton. At present, the overall market is weak and stable, and traders are more cautious and wait-and-see.

In terms of titanium concentrate, the market price of titanium concentrate in Panxi area increased. The low-cost titanium ore in Panxi area gradually decreased. Affected by the winter weather, Chengde titanium ore was under started, and some small factories reduced production and stopped production. The overall market situation of titanium ore market is acceptable, the price has stopped falling and picked up, and the downstream titanium dioxide enterprises mainly purchase on demand. The overall market increased slightly. It is expected that the price of titanium concentrate will still rise slightly in the short term, and the actual transaction price is mainly discussed.

In terms of sulfuric acid, the sulfuric acid market rose this week. According to the monitoring of commodity data, the average price of sulfuric acid was 620 yuan / ton last Friday and 638.33 yuan / ton this Friday. The price rose during the week, down 2.96%. This week, the prices of mainstream domestic sulfuric acid manufacturers rose, the inventory of manufacturers was general, and the downstream demand was general. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in the domestic sulfuric acid Market in the short term, the sulfuric acid market may fluctuate and decline slightly.

3、 Future forecast

Titanium dioxide analysts of business society believe that at present, the titanium dioxide market is weak and stable. In terms of raw materials, the prices of titanium concentrate and sulfuric acid have been raised, the support from Chengdu is acceptable, the downstream demand is relatively light, and the wait-and-see mood is strong. It is expected that the titanium dioxide market will be more wait-and-see in the short term, and the actual transaction price will be mainly discussed.

Trade name: titanium dioxide

Latest price: December 9: 20700 yuan / ton

Key points of analysis: weak stability finishing in domestic titanium dioxide market. The market demand for titanium dioxide is relatively light, the market inquiry is general, the transaction of new orders is weakened, and traders are more cautious in taking goods, wait-and-see and purchase on demand.

It is expected that the titanium dioxide market will operate stably in the short term.

Trade name: urea

Latest price (December 8): 2452.00 yuan / ton

On December 8, the ex factory quotation of domestic urea increased slightly, up 2.00 yuan / ton or 0.08% compared with that on December 6, and 35.72% compared with the same period last year. The prices of upstream coal and liquefied natural gas have fallen slightly recently, and the cost support has weakened. In terms of demand, agricultural demand increased slightly, while industrial demand was mainly on the sidelines. The promotion of winter storage of chemical fertilizer was slow, and large urea purchase orders began to appear in the downstream compound fertilizer plants. The inventory of melamine enterprises was under pressure, and the focus of market negotiation was weakened. In terms of supply, the inventory of urea manufacturers is high, and the daily output of urea is about 150000 tons. At the end of the month, the gas head unit will be shut down one after another, and the urea output will decline. On the whole, the urea cost support is general, the downstream demand is mainly just demand, the market trading atmosphere is general, and the urea supply is reduced.

In the future, the ex factory price of domestic urea is expected to rise slightly: the average price quoted by the manufacturer is about 2480 yuan / ton.

441# silicon price trend

Market analysis

On July 7, 44# metal silicon prices were weak and stable temporarily, with an average price of 24030 yuan / ton in the domestic market. From the perspective of supply and demand, there is a backlog in the inventory of the silicon plant, but the transaction on the demand side is cautious and the price is pressed more, resulting in poor shipment of the silicon plant and a stalemate in the metal silicon market as a whole. Recently, silicon plants have been shut down for maintenance, and metal silicon is expected to return to the balance of supply and demand.

From the perspective of cost, the price of coke market is temporarily stable today. Some enterprises have started the first round of increase of 120 yuan / ton. With the recovery of downstream purchase intention, the coke price shows signs of rebound. Superimposed with the rise of electricity price in some areas, the cost of businesses rises, and the willingness of silicon plants to make concessions is weak.

Future forecast

Business analysts believe that with the shutdown in the dry season, the possibility of silicon price rebound in the short term cannot be ruled out.