According to the Commodity Market Analysis System of the Business Society, at the beginning of the week, the average ex factory tax price of Shanxi’s light potassium carbonate was 8520.00 yuan/ton. On the weekend, the average ex factory tax price of Shanxi’s light potassium carbonate was 8480.00 yuan/ton, a decrease of 0.47%. The current price has decreased by 4.29% month on month, and the current price has decreased by 10.74% year-on-year.

Potassium carbonate

Potassium carbonate prices have fallen this week. From the above chart, it can be seen that the recent decline in the potassium carbonate market has been the main trend, and the market has continued to decline slightly this week. The price of potassium chloride market continued to fall, the cost support was poor, the traders’ inventory was high, the transactions in the potassium carbonate market were light, and the market of potassium carbonate fell. According to statistics from Business Society, the mainstream factory quotation range for industrial grade potassium carbonate in China this week is around 8200-8500 yuan/ton (for reference only), and the quotation varies depending on the procurement situation.

Recently, there has been insufficient demand in the international potassium chloride market, and prices have shown a downward trend. The domestic spot market for potassium chloride has average trading volume, and the price of potassium chloride has slightly fluctuated and decreased. It is expected that the potassium chloride market will consolidate at a high level in the future.

Recently, there has been a large supply of potassium chloride, and the market has been declining, with poor cost support. Downstream purchases remain in demand, and it is expected that the price of potassium carbonate will mainly decline in the short term. The long-term market still needs to wait and see.

According to the monitoring of nickel prices by the Business Society, on the 11th, the average spot market price of nickel was 178466.67 yuan/ton, a decrease of 4.79% from the previous trading day and a year-on-year decrease of 17.76%.

Driven by CPI data and the US debt ceiling crisis, safe haven rose sharply, with overnight Lunni leading a decline of 4.32%. The taxation of nickel iron in the overseas markets of the Philippines and Indonesia has not yet been finally implemented. The domestic refined nickel production capacity continues to climb, but the driving force behind the narrowing of nickel electrowinning profits has weakened, and low pure nickel inventory may provide some support. In the downstream stainless steel field, steel mills resumed production more in April, but there was not much significant increase in demand, resulting in a slower pace of stainless steel inventory reduction. The improvement of nickel supply and demand structure is limited, and it is expected that nickel will mainly experience weak fluctuations.

According to the Commodity Market Analysis System of the Business Society, the domestic BDO market has continued to rise since the Qingming Festival. From April 6th to May 8th, the average price of domestic BDO increased from 10220 yuan/ton to 12414 yuan/ton, with a price increase of 21.74% during the cycle and a year-on-year decrease of 48.40%.

The main reason for the increase in BDO prices this time is due to the supply side, with most of the major production enterprises undergoing device maintenance. Although some devices have restarted over time, the overall market operating rate is still below 60%. At the same time, some enterprises have outsourced their products to meet the production needs of the industrial chain, and the bidding prices for outsourcing are relatively high, which once boosted the market atmosphere. Production enterprises and traders actively support the market, but the demand from downstream terminals is average, and their ability to accept high prices is limited. The market operates at a high level, but the trading volume is limited.

Cost side, raw material calcium carbide: The domestic calcium carbide market is mainly operating at a low level, with a decrease of 3.18% over the same period. Insufficient order follow-up, high inventory pressure, and average calcium carbide shipment. In terms of methanol, the domestic methanol market is mainly weak, with a decrease of 1.28% over the same period. The market for methanol raw material coal is sluggish, and the overall market circulation is large. The supply-demand contradiction is still enveloping the methanol market. Recently, the market for calcium carbide and methanol has been operating at low levels, and there is currently no significant improvement in the cost of BDO.

On the demand side, some downstream manufacturers are chasing up and stocking up before the holiday. Holders have a strong willingness to sell at low prices, and the market center is strong and upward. In the short term after the holiday, downstream manufacturers mainly consume inventory, and currently, high prices are mostly wait-and-see. Specifically, the PTMEG spandex industry chain is at a high starting point; The operating load of PU slurry and TPU industry in the polyurethane field is 50%. Maintain just needed orders. The demand for short-term BDO is mixed.

In the future, it is predicted that device restart, parking maintenance, or load reduction operations will all exist, resulting in a decrease in overall market supply. However, considering the average follow-up of terminal demand, BDO analysts from the business agency predict that the domestic BDO market may experience high volatility.

According to data monitored by Business Society, the domestic carbon black market has been declining recently. On May 6th, the domestic carbon black N220 was quoted at 9166 yuan/ton, but the raw material price continued to decline, and the cost support performance of carbon black became increasingly weak.

Cost: recently, the market price of raw material coal tar has been fluctuating and falling, and the market price of coal tar has been falling, which has depressed the market price of coal tar. The international crude oil price continues to fluctuate, and the raw material market is unstable. This week, the price is weak, and there is no significant positive trend on the cost side. In the short term, it is still difficult for the market to find favorable support, and there is a pessimistic atmosphere on the market.

Supply and demand side: Currently, carbon black manufacturers have produced carbon black from high priced raw materials in the early stage, and there is a buildup of inventory on site. Some carbon black enterprises have arranged for a slight reduction in their inventory, resulting in a slight decline in the carbon black market operation. Downstream market procurement is cautious, with most of them focusing on hard demand, and carbon black enterprises are under high shipping pressure.

In terms of downstream tire companies and other rubber product industries, the overall operating rate remains stable. However, due to the weak downward trend of carbon black prices, the enthusiasm of enterprises to purchase goods is generally cooled by trading, bearish in the future market, and a strong wait-and-see atmosphere, resulting in weak transactions in the carbon black market.

Overall, raw material prices are weak, market bearish elements are abundant, carbon black cost price support is weakened, terminal bearish mentality is intensified, and both supply and demand sides are dominated by bearish sentiment. There is currently no positive phenomenon on the market, and it is expected that carbon black will be weak in the short term.

According to monitoring data from Business Society, after the May Day holiday, the hydrogen peroxide market experienced a tightening of supply, improving terminal demand, and a significant increase in the market. On May 1st, the average market price of hydrogen peroxide was 740 yuan/ton. On May 4th, the average market price of hydrogen peroxide was 983 yuan/ton, with a price increase of 32.88%.

Tight supply and significant increase in hydrogen peroxide market after the holiday

In April, the demand for terminal printing and paper industries was poor, and the hydrogen peroxide market fell weakly, oscillating for nearly a month. On April 1st, the average market price of hydrogen peroxide was 876 yuan/ton. On April 30th, the average market price of hydrogen peroxide was 766 yuan/ton, with a price drop of 12.55%.

During the May Day holiday, the supply of hydrogen peroxide in the market showed a tense situation. After the holiday, the prices quoted by hydrogen peroxide manufacturers have skyrocketed, with mainstream prices ranging from 950 to 1050 yuan/ton, an increase of 200 to 250 yuan/ton.

Li Bing, a chemical analyst at Business Society, believes that due to the difficulty in restoring hydrogen peroxide devices in the short term and the continued tight market supply pattern, the hydrogen peroxide market will continue to remain high in the future.