Category Archives: Uncategorized

Demand gradually recovered, and the dimethyl carbonate market saw a slight increase (2.1-2.13)

According to the monitoring data of the Business News Agency, as of February 13, 2023, the average ex-factory price of domestic industrial grade dimethyl carbonate was 4700 yuan/ton. Compared with February 1, 2023 (the reference price of dimethyl carbonate was 4666 yuan/ton), the price increased by 34 yuan/ton, or 0.71%.

 

PVA

In the first ten days of February, the domestic dimethyl carbonate market was stable and consolidated. In the first ten days, the supply and demand information of dimethyl carbonate changed little, and the trading atmosphere was quiet. With the gradual release of downstream demand, the domestic dimethyl carbonate market finally ushered in a small increase in operation on February 13. Some dimethyl carbonate factories raised prices slightly, with an increase of about 100 yuan/ton. At present, the on-site trading atmosphere of dimethyl carbonate has improved from the beginning of the month, and the mentality of the operators has improved. As of February 13, the domestic market price of dimethyl carbonate was around 4600-4800 yuan/ton.

 

Future trend analysis

 

At present, the downstream demand of dimethyl carbonate is mainly based on demand, and the overall demand side is slightly boosted. The dimethyl carbonate data analyst of the business agency believes that in the short term, the domestic dimethyl carbonate market is mainly stable and slightly strong, and the specific trend needs to pay more attention to the changes in the demand and supply side.

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Cost drop, DOP price falls sharply this week

DOP prices fell sharply this week

 

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According to the data monitoring of the Business Agency, as of February 10, the price of DOP was 10050 yuan/ton, down 6.16% from the price of 10710 yuan/ton on February 5 last weekend. The cost fell and the demand remained weak, and the DOP market fell sharply.

 

The price of raw material isooctanol dropped sharply

 

According to the price monitoring of the Business Agency, as of February 10, the price of isooctanol was 9733.33 yuan/ton, down 8.75% from the price of isooctanol on February 5, 10666.67 yuan/ton. Downstream demand was weak this week, the price of isooctanol fell sharply, the cost of DOP raw materials fell, and the downward pressure on DOP prices increased.

 

The market of raw material phthalic anhydride stands still

 

According to the price monitoring of the business agency, as of February 10, the price of ortho phthalic anhydride was 8237.50 yuan/ton, up 0.15% from the price of 8225 yuan/ton on February 5. The cost is temporarily stable, the demand is weak, the market of phthalic anhydride is stagnant this week, the price of phthalic anhydride is stable, and the rising power of DOP is weakened.

 

Aftermarket expectation

 

DOP data analysts of the Business Agency believe that the price of isooctanol, the raw material, has fallen sharply, the price of phthalic anhydride has stabilized, the cost of DOP has decreased, and the downward pressure on DOP has increased. In the future, the cost of DOP fell and the demand was weak, and the price of DOP was expected to fall in shock.

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Zinc price fell slightly on February 9

Zinc price fell slightly on February 9

 

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According to the data monitoring of the Business News Agency, the zinc price was 23312 yuan/ton as of February 9, down by 0.72% from 23482 yuan/ton on February 8 of the previous trading day. Demand remained weak, and zinc prices fell on February 9.

 

Key points of zinc market

 

On February 8, LME zinc inventory was 19425 tons, with an increase of 3825 tons or 24.52%. The price of zinc in London fell overnight, and the increase in domestic zinc smelting output was realized, and the demand side was strong and the expectation was weak.

 

Aftermarket expectation

 

The supply is expected to increase, while the demand is still weak, and the zinc price is expected to fall in the future.

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Weak demand, zinc price fluctuated and fell this week

Zinc prices fell sharply this week

 

PVA

According to the data monitoring of Business News Agency, the zinc price was 23358 yuan/ton as of February 7, down 4.41% from 24436 yuan/ton on January 29 last weekend; The zinc price dropped by 4.16% compared with 24366 yuan/ton on February 1. Replenishment after the holiday was less than expected, and zinc market demand was weak, and zinc prices fell in shock this week.

 

Fed hawks remain

 

In an interview, the President of the Federal Reserve Bank of Atlanta said that if the better-than-expected economic situation continues, the interest rate this year will reach 5.1%, which is consistent with the median predicted by policy makers in December, and will remain at this level throughout 2024. He said that if the interest rate was raised by another 25 basis points on the basis of the current expected two interest rate increases, it might reach a higher peak, and he did not rule out the possibility of raising the interest rate by 50 basis points. The US dollar index rocked upward on February 6, hitting a four-week high. The Fed’s hawkish attitude remained unchanged. Commodity prices fell and zinc prices in London weakened. The domestic zinc market was negative.

 

Supply and demand of zinc market

 

With the end of the winter heating peak in Europe, the operating rate of zinc smelting in Europe is expected to rise, and the supply of international zinc market is expected to increase; The inventory of zinc ingots in the Shanghai futures market has increased significantly, and the domestic zinc market has sufficient supply. In the domestic zinc market, downstream customers mainly digest the early orders. The pressure of zinc ingot inventory accumulation is large, and the demand of zinc market is still weak.

 

Aftermarket forecast

 

According to the data analyst of Business News Agency, the US dollar index is strong and the international zinc price is falling; The supply of zinc in Europe is expected to increase at the end of the winter electricity peak; The domestic zinc market has sufficient supply and poor demand. The overall zinc market shows a trend of more supply and less demand. It is expected that the zinc price will fall slightly in the future.

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Hydrogen peroxide market oscillates and falls after the holiday

According to the monitoring data of the Business News Agency, after the Spring Festival, the hydrogen peroxide market continued to fluctuate and fall. Before the festival, the average market price of hydrogen peroxide was 750 yuan/ton. On February 6, the average market price of hydrogen peroxide was 733 yuan/ton, down 2.22%.

 

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The market of hydrogen peroxide fluctuated and fell after the bad end demand

 

After the Spring Festival, the overall recovery of the hydrogen peroxide terminal paper printing industry still needs some time. The demand for hydrogen peroxide is relatively low and the market is weak. The mainstream price of hydrogen peroxide in Shandong is about 570 yuan/ton, and the price has dropped by 30 yuan/ton; The mainstream price of hydrogen peroxide in Anhui is about 750 yuan/ton, and the market is stable. The mainstream price of hydrogen peroxide in Zhejiang is 1050 yuan/ton, and the market is stable.

 

Li Bing, an agricultural product analyst at the Business Society, believes that since February, the demand for terminal hydrogen peroxide has gradually recovered, and the hydrogen peroxide market is expected to stop falling and rising in the future.

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