1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average price of domestic ammonium sulfate market was 990 yuan/ton on August 18th, and 926 yuan/ton on August 24th. This week, the domestic ammonium sulfate market price fell by 6.40%.

2、 Market analysis

The domestic ammonium sulfate market price has significantly decreased this week. This week, ammonium sulfate continued its previous week’s trend, with prices dropping from high levels. Recently, the international market for ammonium sulfate has performed poorly, with a significant price decline, which has a negative impact on the domestic market. Downstream compound fertilizer enterprises have increased their inquiries, but downstream and distributors have a resistance towards high prices. The trading volume in the ammonium sulfate market is limited, and the trading focus has declined. As of August 24th, the mainstream market quotation for coking grade ammonium sulfate in Hebei region is around 850-900 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 900-960 yuan/ton.

3、 Future Market Forecast

Analysts from Business Society’s ammonium sulfate market believe that the recent trend of ammonium sulfate market is weak, and market transactions are average. Although the demand for compound fertilizer enterprises has increased, the international market is weak and falling, and the domestic wait-and-see mentality is relatively strong. It is expected that the price of ammonium sulfate will continue to decline in the short term.

According to the analysis system of the commodity market of the Business Society, starting from mid August, the terminal rigid demand supports and the hydrogen peroxide market continues to operate at a high level. On August 14th, the average market price of hydrogen peroxide was 1350 yuan/ton. On August 23rd, the average market price of hydrogen peroxide was 1423 yuan/ton, with a price increase of 5.43%.

Lido Supports Hydrogen Peroxide Market Continuously Rising

Since August 14th, some hydrogen peroxide manufacturers have not yet started up, and the supply is still in a tight state. In addition, the demand for hydrogen peroxide purchased by hydrogen peroxide terminal caprolactam manufacturers has improved, supported by positive factors. After a sharp rise in the hydrogen peroxide market, it has been operating at a high level. As of August 23rd, the mainstream quotation for hydrogen peroxide is 1400 yuan/ton, an increase of 100 yuan/ton compared to August 14th. Among them, Shandong Mingshui Hydrogen Peroxide is quoted at 1400 yuan/ton, and Anhui Quansheng Chemical Hydrogen Peroxide is quoted at 1400 yuan/ton.

Li Bing, a chemical analyst at Business Society, believes that the market for hydrogen peroxide will continue to operate at a high level due to the bullish outlook and acceptable terminal demand.

Product name: Yellow phosphorus

Latest price on August 22nd: 25100 yuan/ton

Key analysis points: On August 22nd, the domestic yellow phosphorus market price rose. The production of yellow phosphorus in enterprises is relatively stable, and the on-site inventory is relatively tight. At present, market confidence is good, and manufacturers have a strong reluctance to sell. They mainly place preliminary orders and do not provide external quotations. They will discuss the actual orders in detail. Downstream restocking is just needed, and the center of gravity of the transaction price for new orders in the market has shifted upwards.

It is expected that the price of yellow phosphorus will be relatively strong in the short term, and we will pay attention to changes in the news.

Recent price trends of isooctanol

According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong Province has slightly increased this week. This week, the average price of isooctanol in the mainstream market of Shandong region increased from 11400.00 yuan/ton at the beginning of the week to 11760.00 yuan/ton at the weekend, an increase of 3.16%. Weekend prices increased by 40.56% year-on-year. On August 21, the isooctanol commodity index was 86.18, a decrease of 0.29 points compared to yesterday, a decrease of 37.32% from the highest point of 137.50 points in the cycle (2021-08-08), and an increase of 145.18% from the lowest point of 35.15 points on February 1, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Upstream support is good, while downstream demand increases

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have fluctuated this week, with average inventory levels.

From the upstream raw material market of isooctanol, the propylene market fluctuated and rose this week, with prices rising from 6788.25 yuan/ton at the beginning of the week to 6813.25 yuan/ton at the weekend, an increase of 0.37%. Weekend prices fell by 3.09% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of isooctanol.

From the downstream market of isooctanol, the DOP market price has slightly increased this week. The price of DOP increased from 11516.67 yuan/ton at the beginning of the week to 11608.33 yuan/ton at the weekend, an increase of 0.80%. Weekend prices increased by 27.39% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively increasing their purchases of isooctanol.

Future prospects

In late August, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market has slightly increased, with good cost support. The downstream DOP market has slightly increased, and downstream demand has increased. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.

This week, the lead market (8.11-8.18) fluctuated and rose, with the average price in the domestic market at 15780 yuan/ton at the beginning of last week and 15940 yuan/ton at the beginning of this week, up 1.01%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar indicates the range of rise and fall, and the recent market trend is relatively strong, with the lead ingot market rising for six consecutive weeks.

The futures market fluctuated and rose this week, and the Shanghai lead continued its high volatility trend. Fundamentally speaking, the production of electrolytic lead increased in July, and the start of construction in August showed little change compared to July. Therefore, the supply of primary lead remained incremental in August. In terms of recycled lead, there have been recent enterprise maintenance but also resumption of production, so the change in production is not significant. In terms of demand, the weather has turned hot, and downstream demand has slightly improved compared to the previous period. Recently, overall battery inventory has declined, and the operating rate of battery companies has also slightly increased, leading to a rebound in purchasing enthusiasm. Overall, the supply and demand of the lead ingot market have increased, and the downstream peak season has begun to show signs. The market’s expectations for the future market have improved, and market prices have steadily increased. It is expected that the lead ingot market will operate in a stable, medium to strong manner in the short term.

On August 18th, the base metal index was 1196 points, an increase of 11 points from yesterday, a decrease of 25.99% from the highest point of 1616 points in the cycle (2022-03-09), and an increase of 86.29% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of Business Society, there were a total of 17 commodities in the non-ferrous sector that rose month on month on the commodity price rise and fall list in the 33rd week of 2023 (8.14-8.18), with antimony (2.61%), nickel (1.28%), and lead (1.21%) ranking among the top three commodities. There are three products that have decreased compared to the previous month, with cobalt (-2.30%), tin (-1.84%), and zinc (-1.22%) ranking among the top three products. This week’s average increase or decrease was 0.42%.