Epoxy curing agent News SunSirs commodity price forecast (August 8 2023)

SunSirs commodity price forecast (August 8 2023)

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SunSirs commodity price forecast (August 8  2023)


The latest price of sulfuric acid (August 7): 178.00 yuan / ton, the market outlook is bullish

Analysis points: On August 7, the domestic sulfuric acid market price rose sharply, which was 18 yuan/ton higher than the price on August 4, an increase of 11.25%, and a year-on-year decrease of 67.99%. From the perspective of upstream and downstream industrial chains, the upstream sulfur market has continued to rise recently, with sufficient cost support. The downstream ammonium sulfate market has risen slightly, and downstream customers have increased their enthusiasm for purchasing sulfuric acid. With multiple benefits, the product trend is going up.

Forecast of the future market: the future market is expected to see that the domestic sulfuric acid market price may fluctuate slightly in the near future, and the average market price will be around 190 yuan/ton.

The latest price of hydrogen peroxide (August 7): 1300 yuan / ton, the market outlook is stable

Analysis points: On August 7, the domestic hydrogen peroxide market rose sharply, up 8.33% from the price on August 3. Since August, the price of hydrogen peroxide terminal caprolactam has continued to rise, and the terminal demand has been improving. In addition, major hydrogen peroxide factories have been shut down for maintenance, and the supply has tightened. Multiple benefits have supported. Hydrogen peroxide manufacturers have raised their prices and raised their ex-factory prices. The average price of hydrogen peroxide in the market has risen to 1300 Yuan/ton, an increase of 100 yuan/ton compared with the beginning of the month.

Forecast of the market outlook: The market outlook is expected to continue to maintain firm hydrogen peroxide market, with prices mainly stable.

The latest price of diethylene glycol (August 7): 5416.67 yuan/ton, the market outlook is stable

Analysis points: The diethylene glycol market fell back on the 7th, and the diethylene glycol market in East China was weak. Delayed cargoes will arrive in Hong Kong one after another. The inventory may accumulate to a certain extent. The performance of the demand side is flat, and the market sentiment is optimistic but cautious , The focus of market negotiations declined, the market fluctuated at a low level in the morning, and the market rebounded in a narrow range in the afternoon. As of the close, Jiangsu spot closed at 5350-5380 yuan / ton. The diethylene glycol market in South China fluctuated and consolidated, the market offers were adjusted within a narrow range, and the buying follow-up was cautious. Some mainstream quotations for spot goods were delivered at 5,550-5,600 yuan/ton.

Forecast of the future market: more ports are expected to arrive at the port, the main port in East China is expected to accumulate inventory, the main downstream is affected by the trend of raw materials, and the production rhythm is slowing down. The continuous driving force of the market is insufficient. Pay attention to the trend of crude oil, inventory and downstream follow-up.

The latest price of sulfur (August 7): 933.33 yuan/ton, the market outlook will be consolidated

Analysis points: The domestic sulfur market is going up strongly, and the price has risen sharply, up 5.26% compared with the previous working day. The on-site refinery equipment is operating normally, the supply of goods is stable, the manufacturers are actively shipping, the downstream demand for phosphate fertilizers is increasing, the price is rising, the sentiment of the sulfur market is optimistic, the manufacturers' intention to rise is increasing, the downstream is actively taking goods, the shipments of enterprises are smooth on weekends, and the refinery sulfur Quotations continued to increase, until Monday, the market price of sulfur rose by 50-70 yuan/ton. The price of sulfur has risen significantly in a short period of time, and the market outlook needs to wait and see how the downstream will accept high-priced supplies.

Market forecast: It is expected that the short-term sulfur market will consolidate and run.

The latest price of liquid ammonia (August 7): 3383 yuan / ton, the market outlook is bearish

Analysis points: On August 7, at the beginning of the week, domestic liquid ammonia continued to fall last week and continued to fall. According to the commodity market analysis system of SunSirs, Shandong, the main production area, fell by 2.87% daily, and the trading focus was lower than that at the beginning of the week. Shift 100-200 yuan / ton range. Mainly due to the increase in supply in the main production areas, some failed enterprises have resumed operation, and there are still installations under recovery, and the supply is expected to be loose. Superimposed this month, the source of imported goods has only increased, which has had an impact on the liquid ammonia market in the region. The prices of large manufacturers in Shandong, Hubei, Hebei and other places have all been lowered, and some manufacturers have reduced their prices by as much as 200 yuan in a single day. From the perspective of the demand side, the current agricultural demand is acceptable, and the domestic demand and export of compound fertilizers remain stable. However, under the background of high operating rates of downstream enterprises, there are signs of accumulation, and the supply and demand pattern may change in the later stage. At present, the mainstream quotation in Shandong area is 3200-3350 yuan/ton.

Forecast of the market outlook: analysts at SunSirs believe that the supply and demand pattern in the ammonia market may change from tightening to loosening in the short term, and prices will continue to decline in the near future.

The latest price of potassium chloride (import) (August 7): 2680 yuan / ton, the market outlook is bearish

Analysis points: On August 7, the domestic market price of imported potassium chloride fell slightly, 45 yuan/ton or 1.65% lower than the price on August 4. At present, the self-raised price of 62% white potassium at the port is around 2400-2500 yuan/ton; the self-raised price of 60% red granules at the port is around 2600-2700 yuan/ton. 62% Russian White Potassium in border trade is around 2200-2300 yuan/ton. The arrival price of domestic salt lake potassium chloride is around 2300 yuan/ton. The market conditions of downstream potassium carbonate and potassium nitrate fell slightly, and the enthusiasm for downstream purchases weakened.

Forecast of the market outlook: From the perspective of the market outlook, the domestic potassium chloride price may fluctuate and fall slightly, and the consolidation will be the main focus. The average price of potassium chloride import market is around 2600 yuan/ton.

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