Data monitoring shows that China’s natural rubber market continued to fluctuate during the week (22-28), and the increase range has expanded near the weekend. The price of China’s domestic standard 1 spot rubber was quoted at 14240 yuan / ton in the East China market on the 22nd (Monday), and 13890 yuan / ton on the 28th (Sunday), with a weekly decrease of 2.46%; The highest price of this week is 14360 yuan / ton on Thursday, and the lowest price is 13890 yuan / ton on the weekend. The maximum amplitude is the decline of 3.27% in that week.

The factors affecting the market this week are:

1. Macro: since November, crude oil prices have fallen sharply. WTI crude oil fell by 18.45% and Brent crude oil fell by 14.49%; The crude oil analyst of business society believes that in the short term, the impact of the new virus will continue to ferment, the epidemic in Europe will become more and more intense, and the oil price will be in a short atmosphere. However, the oversold on Friday also basically digested the bad expectations, and it is unlikely that the oil price will continue to fall sharply. At present, the market focus is mainly on the OPEC + meeting to be held next week. Overall, oil prices may fluctuate weakly in the near future, and the possibility of continued bottoming cannot be ruled out.

2. Supply side: Southeast Asia is affected by bad weather and frequent rainfall, which affects the local rubber cutting and raw rubber supply. For example, Thai media reported on November 26 that Thailand continues to issue a flood warning in the South; Due to the strong northeast monsoon, water vapor continued to be brought from the Gulf of Thailand, and heavy rainfall was feared in southern Thailand until 30 days ago. Eight governments such as Chunpeng must pay attention to the flood caused by accumulated precipitation. China’s rubber producing areas began to stop cutting one after another, and the reduction of domestic and foreign supply significantly supported the rubber price.

3. Downstream demand: on November 24, according to the data of China passenger Federation, the overall retail sales of narrow passenger car market in the third week of November reached 49000 vehicles per day, a year-on-year decrease of 12%, and the performance was relatively improved, a decrease of 6% compared with the third week of October this year. Due to the obvious improvement of production in October, the retail recovery in November should be obvious, but the current recovery speed is still not fast, which is similar to that in 2019, and it is also a good performance.

4. Inventory: the increment of warehouse receipts in the previous period is obvious; With the increase in the amount of rubber arriving at Hong Kong, the inventory of Qingdao free trade zone and tire factory has turned to accumulated inventory.

5. Import and export: in the first 10 months of 2021, Thailand exported 2.778 million tons of natural rubber (excluding composite rubber), a year-on-year increase of 30%, and 3.762 million tons of natural rubber and mixed rubber, a year-on-year increase of 7%; The total export to China was 1.975 million tons, a year-on-year decrease of 7%.

6. Policy: according to foreign media reports on November 26, once the price difference of fresh latex is 2 rupees per kilogram higher than that of rss4, the rubber board of India will provide subsidies to rubber farmers according to the price difference. The Bureau has taken measures to strengthen film production to fill the shortage in the domestic market.

Future forecast: there has been frequent rainfall in Southeast Asia recently, and it is reported that La Nina will reach the peak from the end of next month to January 2022. Another report says that a new type of deciduous disease has broken out in the rubber forests of Tsim Chuwen and Dalat Prefecture in Thailand, and the situation in foreign production areas is frequent, which has a comprehensive impact on the rubber cutting rate; At the same time, China’s domestic rubber has begun to stop cutting, and the supporting role of natural rubber supply side on the market has gradually appeared; According to the data of the passenger Association, the demand of downstream tire manufacturers has rebounded slightly; Rubber producing countries such as India provide subsidies to rubber farmers; In addition, the impact of the global epidemic on tire demand is particularly significant. To sum up, various factors have strong support for the trend of rubber. In view of the weak impact of current macro factors and crude oil and coal on bulk commodities, the recent range shock trend of natural rubber has both fundamental support and the weak trend caused by recent external system risks.

Throughout November, the domestic butadiene market fell unilaterally and deeply. Both the external market and the domestic market atmosphere are relatively depressed. Coupled with the restart of some enterprises’ devices, the market supply increases. However, the downstream demand is mainly rigid demand, which is not significantly good in the short term. The trading atmosphere is depressed. Most people in the industry are bearish on the future market, and the butadiene market is not optimistic.

According to the sample data monitored by the business society, the domestic butadiene market price was 7991 yuan / ton at the beginning of the month and 6820 yuan / ton at the end of the month (as of November 26), with a decrease of 14.66% and 31.38% year-on-year.

At the beginning of June, the domestic butadiene market continued its downward trend. The market supply is abundant, and the external market falls back with the domestic spot price. At the same time, the supplier’s equipment in Shandong is restarted, and the export of goods source affects the overall increment of supply. In addition, the synthetic rubber market continued to decline during the week, and it was difficult for the fundamentals of butadiene supply and demand to be boosted by good news. Short term market expectations were short, dragging the downstream wait-and-see mentality, and the spot trading atmosphere was relatively low during the week.

In the middle of the month, the domestic butadiene market was slightly sorted out. After the “sharp rise and fall” of the early market, downstream users mostly delisted and waited. Affected by the weather, the outflow of goods from Northeast China is limited, and the transaction of goods from Shandong suppliers is improved. The external market performance was strong, which supported the merchants in East China not to lower. At the same time, under the influence of the phased need to follow up in the north, the butadiene spot market stopped falling and pushed up slightly in the middle of this week. However, the short-term market supply is still abundant, the market is difficult to find a sustainable driving force, and the cautious mentality of downstream inquiry still exists.

In late June, the domestic butadiene market fell in a narrow range. With the increase of supply, the spot price of butadiene quickly fell to a low point. During the week, the new production capacity in Shandong and Fujian released output, and the spot sales source increased significantly, but the downstream demand was not followed up, and the short-term supply-demand imbalance dragged down the market price. Although the downstream synthetic rubber market is higher and the operating rate of some industries has increased, the inventory of most downstream raw materials is relatively high. On the premise of significant supply increase, it is difficult to find support on the demand side.

At the end of the month, the domestic butadiene market continued to decline in a narrow range, and the open auction price of North Huajin was still low. Affected by the restart of some units, the current market supply side is abundant, and the external market expectation is weak. In addition, the downstream raw material inventory is relatively abundant, and the market transaction atmosphere weakens after a short recovery.

In terms of enterprises, Liaotong chemical’s 120000 T / a butadiene plant operates stably, 182 tons of goods are exported through competitive bidding, and the base price of the bidding is 5510 yuan / ton. Shandong Luqing butadiene plant was restarted and some goods were sold abroad. The 140000 T / a butadiene unit of Dalian Hengli Petrochemical operates stably, the source of goods is normal for export, and the price is stable at 5610 yuan / T. The 64000 T / a butadiene extraction unit of shenhuaning coal operates normally. At present, a small amount of goods are exported, and the price is stable, with the implementation of 5450 yuan / ton.

As of November 26, factory quotations of some domestic butadiene manufacturers:

enterprise ., Price (yuan / ton). Device dynamics

Liaoyang Petrochemical / Stable operation of 30000 T / a butadiene plant

Dalian Hengli 5610 yuan / ton The 140000 T / a butadiene unit operates stably, and the source of goods is normal for export

Liaotong chemical For export, the price is 5710 yuan / ton Stable operation of 120000t / a butadiene plant

Fushun Petrochemical There is no export plan for goods source Normal operation of 160000 T / a butadiene extraction unit

Inner Mongolia Jiutai No quotation for the time being The 70000t / a oxidative dehydrogenation unit operates stably and a small amount of goods are exported

Silbang, Jiangsu Suspend external quotation The 100000 t / a butadiene oxidative dehydrogenation unit has been temporarily shut down since September 14

Zhenhai Refinery 6700 yuan / ton Normal operation of 165000 T / a unit

Shanghai Petrochemical 6700 yuan / ton Normal operation of 120000 T / a unit

Yangzi Petrochemical 6700 yuan / ton Normal operation of 120000 T / a unit

Sinopec 6700 yuan / ton The 200000 t / a unit operates normally, mainly for mutual supply

Maoming Petrochemical 6650 yuan / ton 150000t / a unit operates normally, mainly for mutual supply and a small amount for export

Guangzhou Petrochemical 6700 yuan / ton The 30000 T / a unit operates normally, mainly for mutual supply and a small amount for export

Wuhan ethylene 6900 yuan / ton The 190000 T / a extraction unit operates stably, mainly for mutual supply and a small amount for export

In terms of external market: as of November 25, the external price of butadiene in Asia was stable: FOB Korea closed at US $760-770 / ton; CFR China closed at US $795-805 / ton. The external price of butadiene in Europe was stable: FOB Rotterdam closed at USD 945-955 / ton; FD northwest Europe closed at 1045-1055 euros / ton.

region ., Country, closing price, up and down

Asia FOB Korea USD 760-770 / ton USD 0 / ton

Asia CFR China USD 795-805 / ton USD 0 / ton

Europe FOB Rotterdam 945-955 USD / ton USD 0 / ton

Europe FD northwest Europe 1045-1055 euros / ton 0 euro / ton

According to the price monitoring of the business community, in the list of commodity prices in October 2021, there were 72 kinds of commodities rising month on month in the chemical sector, including 51 kinds of commodities rising by more than 5%, accounting for 51% of the monitored commodities in the sector; The top three commodities were ammonium sulfate (62.96%), chloroform (48.06%) and bromine (43.01%). A total of 24 commodities decreased month on month, and 13 commodities decreased by more than 5%, accounting for 13% of the monitored commodities in this sector; The products with the top three declines were phosphoric acid (- 27.33%), organosilicon DMC (- 26.28%) and acetic acid (- 24.50%). The average rise and fall this month was 8.3%.

The short-term domestic spot supply is still relatively abundant, while the external supply is actively on sale, and the overall performance of the market supply side is under pressure. Recently, the domestic price is lower than the external market, which leads to the obstruction of the transaction of external supply. Therefore, the external market is expected to fall to some extent, and will continue to put pressure on the domestic market. Butadiene analysts of business society predict that the domestic butadiene market will continue to decline in the short term

Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on November 25 was 4862.33 yuan / kg, which was 0.54% higher than the average early trading price of spot market on the previous working day (November 24); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 12.39%.

On November 25, the spot market price of gold was 369.37 yuan / g, a decrease of 0.08% compared with the spot market price of 369.65 yuan / G on the previous working day (11.23), and a decrease of 0.06% compared with the early average price of 369.60 yuan / g in the spot market price at the beginning of November (11.1); Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 5.94%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. Recently, at the end of September, the price of silver fell rapidly, and the rise and fall of precious metal prices converged. After the return of the national day, the price of silver hit the bottom and rebounded. The fluctuation amplitude of silver price is large, the price trend of gold and silver tends to narrow, and the recent price fluctuation of silver is relatively stable.

Price trend of precious metals and crude oil

The United States announced the release of 50 million barrels of strategic oil reserves from its strategic reserves. Japan will throw away 4.2 million barrels and India will throw away 5 million barrels. In addition, South Korea and Britain will also release strategic oil reserves.

Message surface

The Federal Reserve released the minutes of the FOMC meeting in November. The expectation of “raising interest rates in advance” received market feedback yesterday in the early stage, and the price basically operated stably today.

1、 Price trend

According to the bulk data list of business society, the average price of domestic phosphoric acid on November 24 was 10500 yuan / ton, a decrease of 4033 yuan / ton compared with 14533.33 yuan / ton at the beginning of the month, a decrease of 27.75% during the month, and an increase of 109.3% compared with the same period last year.

2、 Market analysis

In November, the phosphoric acid market continued to decline, with a decline of about 27% in the whole month. The maximum amplitude in the month was – 32.11%, and the price decreased sharply. The price of phosphoric acid fell deeply in the early stage of this month, but rebounded in the second half of this month, but it was difficult to recover the decline in the early stage. The main actors below the whole month were mainly caused by raw materials. In the first week, the price of raw yellow phosphorus dropped sharply to about 35000 yuan / ton, the cost support fell, the phosphoric acid market fell rapidly, the reduction range of enterprises ranged from 500-5500 yuan / ton, and the market focus shifted downward. In the second week, local electricity prices increased and costs increased, supporting the price of raw yellow phosphorus to rise slightly. However, phosphoric acid enterprises have not operated yet, still maintain a wait-and-see attitude, and the price remains stable. In the third week, the phosphoric acid market continued to wait and see, and the price tried to rise, but the increase was small, and the overall market rose steadily. Towards the end of the month, raw materials rose steadily and secretly, and there were signs of price increase. The wait-and-see mood in the phosphoric acid market was stronger. Most enterprises remained stable and some increased. At present, the trading atmosphere in the market is general. Enterprises continue to issue main orders, and there are few new orders. The trading has a wait-and-see mentality, and pay close attention to the price trend of raw materials. According to the monitoring of the business community, the current quotation in Sichuan is 9500-10500 yuan / ton, that in Yunnan is about 11000-11500 yuan / ton, that in Hebei is about 11000-12000 yuan / ton, that in Hubei is 10000-11500 yuan / ton, and that in Shandong is 10000-11000 yuan / ton. The price of phosphoric acid in all regions is down as a whole this month.

According to the weekly rise and fall from August 26, 2021 to November 21, 2021, it can be seen that the main players in the early stage of the phosphoric acid cycle are weak and hold down after October. In the week of November 1, the price fell deeply by 32.11%, and then held steady. The price rose in the week of November 15, but the range is small. The price fell more and rose less in November.

region product Specifications date Price (yuan / ton)

Sichuan region phosphoric acid 85% industrial grade November 24th 9500-10500

Yunnan region phosphoric acid 85% industrial grade November 24th 11000-11500

Hebei region phosphoric acid 85% industrial grade November 24th 11000-12000

Hubei region phosphoric acid 85% industrial grade November 24th 10000-11500

Shandong region phosphoric acid 85% industrial grade November 24th 10000-11000

Phosphate rock, on November 23, the reference price of phosphate rock was 663.33, which was the same as that on November 1. At present, the supply of domestic phosphate rock market is still tight, and the demand performance is OK. Phosphate rock analysts of business society believe that in the short term, the domestic phosphate rock market will continue to operate stably, and more attention needs to be paid to the news changes of supply and demand.

On November 23, the reference price of yellow phosphorus was 38000.00, a decrease of 18.57% compared with November 1 (46666.67), and the price has increased slightly recently. Electricity prices have been raised everywhere, costs have increased, manufacturers have a strong willingness to support prices, and downstream high price purchase intention is not high. Most enterprises wait and see the market,. The price of yellow phosphorus is expected to be deadlocked in the short term.

3、 Future forecast

According to the phosphoric acid analyst of the chemical branch of business society, the phosphoric acid market fell in November, and the price rebounded slightly near the end of the month, but it was difficult to form an obvious inflection point. The wait-and-see mentality of the industry remained, and the market trading was general. It is expected that the phosphoric acid market will be mainly stabilized in the short term, and the price trend of raw materials needs to be paid attention to.

Cobalt prices fell first and then rose this week

According to the data monitoring of business society, the domestic cobalt price fell first and then rose this week, and the overall cobalt market fluctuated and stabilized. As of November 23, the cobalt price was 425500 yuan / ton, a slight decrease of 0.19% compared with the cobalt price of 426300.00 yuan / ton on November 12. Cobalt prices fell first and then rose this week, and the cobalt Market stopped falling and warmed up.

In October, the export of ternary precursors decreased month on month

In October 2021, China’s export volume of ternary precursors was 12767 tons (including NCA), a month on month decrease of 8.8% and a year-on-year increase of 28%. The export volume of ternary precursors in October was lower than that in September, mainly because some of the export volume in October was delivered in September ahead of schedule. At present, the consumption demand of new energy vehicles in Europe and the United States is still rising. In the fourth quarter, the purchase orders of ternary material enterprises in South Korea for precursors increased. It is expected that the export volume of ternary precursors will increase month on month from November to December. The demand for ternary materials continues to rise, the demand for cobalt market rises, and the driving force for the rise of cobalt price increases.

Expected increase in cobalt production

In May, Glencore Co., Ltd. reported that mutada SX-EW mine was restarted and is expected to be put into operation by the end of the year. The project is expected to resume cobalt production of 20000 tons per year. China molybdenum industry Co., Ltd. has begun to plan to increase the production of 17000 T / A in tenke fungurume by 2023. As of July, the expansion project is in the pre commissioning stage, and the mine will increase the global supply by 24000 T / A. The restart and expansion plan of cobalt mine has increased the supply of cobalt city and increased the pressure on the decline of cobalt price.

International cobalt prices rose sharply

According to the LME trend chart, the LME cobalt price rose sharply in November, the international cobalt price rose, which was good for the domestic cobalt market, and the domestic cobalt price was stimulated to rise.

Market Overview

Bai Jiaxin, a data analyst at business news agency, believes that the sharp rise in the international cobalt price has stimulated the rise of the domestic cobalt market. The plan to restart the production increase of cobalt ore has increased the supply of cobalt ore, affected or short-term decline in the cobalt price, short-term decline in the export of domestic ternary materials and short-term decline in the domestic cobalt price; However, in the long run, the demand for ternary materials is still rising, and the driving force for the rise of cobalt price remains. Overall, the supply of cobalt market increases, the demand is strong, and the supply and demand are basically balanced. There is no room for the sharp rise and fall of cobalt price. It is expected that the cobalt price will rise slightly in the future.

Monitoring found that the market of water treatment products continued to weaken slightly this week. Recently, the raw material cost has been reduced, the downstream procurement pressure has been reduced, and the downstream just needed procurement delayed in the early stage is gradually being realized; Overall, the price of water treatment products has decreased to a certain extent recently, but it has not decreased significantly. The actual transaction of manufacturers is more stable than that in the early stage.

As shown in the figure, the monitoring data of business society show that the mainstream market of polyaluminium chloride in the domestic market has continued to weaken since November: the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminium chloride on November 15 (Monday) was 2527.78 yuan / ton, and the mainstream quotation on November 21 (Sunday) was 2475.56 yuan / ton, with a weekly decline of 2.07% and a decline of 6.19% since November.

Industrial chain: in terms of upstream raw materials, the monitoring data of hydrochloric acid: business society showed that the domestic hydrochloric acid market price continued to decrease slightly in the current week (November 15-21), with the quotation of 298 yuan / ton on the 15th (Monday) and 292 yuan / ton on the 21st (Sunday), a decrease of 2.01% in the current week. The upstream liquid chlorine market has fallen recently, the cost support is general, the downstream white carbon black and ammonium chloride market have fallen slightly, and the downstream purchase intention has weakened.

LNG is used in the production process. According to the monitoring data of business agency, the domestic LNG market fluctuated and decreased slightly this week (15-21). On November 21, the average price of domestic LNG was 7333.33 yuan / ton, down 0.95% from 7403.33 yuan / ton on the 15th of the week. The LNG analyst of business agency believes that the trading atmosphere has improved after the early price reduction sales, the price has stopped rising, but the high price shipment is not smooth, the liquid price continues to callback, and the actual transaction is mainly negotiation.

As for the future market, the prices of upstream raw materials and fuels have continued to callback slightly recently, and the downstream demand delayed in the early stage has been fulfilled one after another. However, due to the weak actual engineering demand in the current winter, according to the law of previous years, it is expected that the price of polyaluminium chloride will continue to weaken in the short term.

The price of ethylene oxide was lowered by 500 yuan / ton yesterday. At present, the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 7500 yuan / ton and that in Central China is 7700 yuan / ton.

Upstream ethylene remained stable. The external price of ethylene in Northeast Asia was US $1150 / T, that in Southeast Asia was US $1065 / T, and that of Jinshan Lianmao ethylene was 7800 yuan / T today, which was the same as that of the previous trading day.

The downstream situation was bleak, with hPEG down 4.35% compared with Monday; TPEG fell 4.26%; Monoethanolamine decreased by 16.67%; Diethanolamine decreased by 11.54%; Triethanolamine rose 19.23%; AEO-9 rose 12.78%.

After the falling price of ethylene oxide within the week, the economy is not as good as that of ethylene glycol, and the cogeneration unit is inclined to ethylene glycol. Due to the extremely weak demand, the downstream monomer manufacturers have released the decline in advance. As the current price has reached the floor price acceptable to the manufacturer, the decline of ethylene oxide price has not caused the follow-up decline of monomer price, and the monomer manufacturers have more stable prices. In addition, after the superposition, I heard that there were rumors in the market that ethylene oxide might continue to decline, but most market participants said that the current price of 7500 has suffered a lot of losses, and the possibility of continuing to decline is low. At present, this situation is caused by the imbalance between supply and demand, and the short-term price decline only provides a short-term solution, Blindly falling prices will not help fundamentally improve the slow recovery of demand.

Temporarily stable after falling.

Price trend:

According to the bulk list data of business society, the domestic ABS market stabilized in mid November, and the spot prices of various brands rose and fell. As of November 18, the average price of mainstream offer of general-purpose ABS was about 16450 yuan / ton, up or down – 5.73% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: upstream styrene continued to decline, ethylene fell, and cost support temporarily weakened. Supply is expected to increase, mainstream port inventory is expected to decrease, port inventory is also expected to increase, while downstream demand is weak. Some enterprises reflect that terminal demand is weakened, and sales and raw material procurement operations are weakened. It is expected that the styrene market will still be weak in the short term, and the cost side will tend to form a bottom support.

The price of acrylonitrile continued to operate weakly and stably this week. The upstream raw material market was general, the supply and demand in the market were balanced, the operators were mostly bearish, the merchants’ mentality was loose, and the offer was weakly stable.

Recently, the domestic butadiene market stabilized after falling. Downstream enquiries are depressed, middlemen have limited intention to offer actively, the prices of mainstream suppliers are reduced, the market is mainly cautious and wait-and-see, and the actual single negotiation is weak.

The upstream market fluctuated, and the cost side support of ABS was general. In terms of operating rate, there was the resumption of parking and maintenance equipment in the early stage. In addition, the overall operating level of the polymerization plant was high recently, and the increase of output was bad for the spot price of ABS. At present, the double limit and other environmental protection policies still affect the start-up of enterprises, and the shipping resistance of merchants increases. However, some brands of products are out of stock, and the offer stabilizes.

Future forecast:

Business analysts believe that the spot market of ABS stabilized after falling in mid November, and the trend of the three upstream materials fluctuated, which generally contributed to ABS. The domestic spot price is weak due to the gradual weakening of demand. Individual short models in the market hold up the offer, and the overall market is still weak. It is expected that the ABS spot market may still adjust downward in the short term.

According to the monitoring data of business society, as of November 17, the average ex factory price of domestic industrial grade dimethyl carbonate was 8733 yuan / ton. Compared with the price on November 14, 2021 (the reference price of dimethyl carbonate was 8000 yuan / ton), the average price increased by 733 yuan / ton, an increase of 9.17%. Compared with November 8 (the reference price of dimethyl carbonate was 8633 yuan / ton), the average price increased by 100 yuan / ton, an increase of 1.16%.

In early November, the domestic dimethyl carbonate market fell sharply, the supply continued to increase, and the performance of the downstream market was flat. The price of dimethyl carbonate fell all the way since the beginning of the month. Until the end of last week, the industry had a strong desire to rise, and the market was expected to pick up slightly. At the beginning of this week (15th), the domestic dimethyl carbonate market finally rebounded slightly. With the increase of foreign trade orders of dimethyl carbonate, the inventory pressure decreased. The price of dimethyl carbonate in Shandong increased slightly by 200-300 yuan / ton. The atmosphere of new orders was general, and the demand was mainly for just needed procurement. On the 16th, the domestic dimethyl carbonate market price continued to rise, The increase range is 300-500 yuan / ton. After the correction of market price for two consecutive days, the enthusiasm of downstream demand has improved, but the overall wait-and-see mood of the market is still, and the transaction of new orders is still cautious. As of the 16th, the domestic reference price of dimethyl carbonate was around 8500-9000 yuan / ton, and the average price was 8733 yuan / ton, an increase of 9.17% in two days.

In terms of upstream propylene oxide, recently, the domestic propylene oxide market was weak and downward. According to the monitoring data of business society, the reference price of propylene oxide was 15800 yuan / ton on November 16, down 8.6% compared with November 1 (17300 yuan / ton).

Future trend analysis

At present, the downstream of dimethyl carbonate still needs time to digest the rapid price correction, and the overall procurement is still cautious. The dimethyl carbonate data division of business society believes that in the short term, the consolidation and operation of the domestic dimethyl carbonate market is the main, and more attention needs to be paid to the specific changes at the supply and demand side.

1、 Price trend

According to the bulk list data of business society, the average ex factory price of 55% powdered monoammonium was 3400 yuan / ton on November 8 and 3366 yuan / ton on November 14. The price of monoammonium phosphate fell by 0.98% this week.

According to the bulk list data of business society, the average ex factory price of 64% diammonium phosphate was 3590 yuan / ton on November 8 and 3590 yuan / ton on November 14. The price of diammonium phosphate was stable this week.

2、 Market analysis

The price of monoammonium phosphate fell slightly this week. The operating rate of enterprises this week was 51%, down from last week. The trend of ammonium was still in the doldrums on Monday, and the transaction focus continued to drop. The downstream demand is weak and the market trading volume is small. At present, the factory quotation of 55% powdered ammonium in China is 3200-3400 yuan / ton, and the actual transaction can be negotiated.

The price of diammonium phosphate continued to be stable this week. The operating rate of enterprises this week was 50%, up from last week. At present, the diammonium market operates stably, the market demand is general, the overall market is weak, and most enterprises have no price guarantee for the time being. The mainstream factory quotation of 64% diammonium in Hubei is 3450-3600 yuan / ton, and the actual transaction can be negotiated.

This week, the domestic market of raw phosphorus ore operated smoothly. The quotation of 30% grade phosphate rock freight plant in Guizhou is around 640-660 yuan / ton, the price of 28% grade phosphate rock freight plant is around 580-610 yuan / ton, and the ex factory price of phosphate rock in Hebei is around 700 yuan / ton.

3、 Future forecast

The ammonium phosphate analyst of business society believes that the current market demand for monoammonium is weak and the downstream procurement enthusiasm is not high. The export market of diammonium weakened and the terminal demand was insufficient. It is expected that the market trend of Monoammonium will continue to decline in the short term, and the weak and stable operation of diammonium will be the main one.