The latest price of liquid ammonia (July 31): 3,500 yuan/ton, the market outlook is bullish
Analysis points: On July 31, the domestic liquid ammonia market price continued to rise. According to the monitoring of Sunrise, the daily increase in Shandong, the main production area, was 4.48%. The main reason is that the tight supply is good for the continuation. Some devices in the northern region were overhauled, and Mingshui and Luxi were still shut down due to breakdowns. In the short term, the operating rate of enterprises fell, and multiple sets of devices were overhauled in Henan, Anhui, and Northeast China. Production enterprises generally have vehicles queuing up to wait for goods. Manufacturers' quotations continued to increase sharply on Monday, generally between 100-150 yuan/ton, and dealers' quotations rose with the tide. In addition, the downstream urea market continued to rise, and the news of label printing raised export expectations and supported the firmness of the urea market. From the perspective of the terminal, agricultural demand will follow up in time, and industrial demand will mainly need support. At present, the mainstream quotation in Shandong area is 3400-3600 yuan/ton.
Market forecast: It is expected that the tight supply of liquid ammonia will continue for a period of time in the near future. With the demand maintaining a moderate growth trend, the price of liquid ammonia may still have room to rise.
The latest price of ox (July 31): 8600 yuan / ton, the market outlook is bullish
Analysis points: Crude oil prices rose at a high level, naphtha and mixed xylene prices fluctuated and rose, costs were high, orthobenzene profits approached the cost line, manufacturers had a strong willingness to raise prices; orthobenzene plants in South China were shut down, and the supply of orthobenzene was tightening; The prices of phthalic anhydride and plasticizers have risen, and the downstream demand has a stronger trend of recovery.
Forecast of the future market: high cost, insufficient supply and demand recovery, the rising momentum of o-benzene in the market outlook is expected to fluctuate and rise.
The latest price of iron ore (Australia) (July 31): 884.33 yuan/wet ton, the market outlook will fluctuate
Analysis points: As of noon on the 31st, Sunsir’s iron ore prices fell slightly compared with last Friday, a drop of 1.83%. In the afternoon, the shocks rose. As of the end of midday trading, even the iron rose 0.54%. The price of iron ore futures fluctuated within a narrow range, and the market speculative mood turned to wait and see. On the supply side, the overseas shipments of Australia and Pakistan increased periodically last week, and the supply situation is still relatively loose; on the demand side, the output of molten iron has begun to fall, and the reduction in molten iron output is negative for iron ore demand. The impact of Tangshan's environmental protection and crude steel level control policies has recently begun to ferment , Steel mill replenishment procurement demand operation has slowed down. At this stage, the demand for downstream steel products is average, and steel mills' demand for iron ore replenishment is mostly on-demand replenishment. If the transaction of steel products goes down, it will reduce the profit margin of steel mills and further weaken the willingness of steel mills to purchase. In the short term, the supply and demand of iron ore has turned into a situation of strong supply and weak demand, and the fundamentals are negative for ore prices. In the future, it is necessary to continue to pay attention to the profits and operating conditions of downstream steel mills.
Market outlook forecast: It is expected that short-term ore prices will fluctuate within a narrow range, with downward expectations, and futures need to prevent short-term fluctuation risks.
The latest price of propane (July 31): 4555 yuan / ton after market adjustment
Analysis points: The price of propane on July 31 increased by 6.42% compared with the previous working day. On July 31, the propane market in Shandong rose sharply. Due to the low inventory in the region, the refineries actively pushed up the price, and the price rose to a high level. The downstream began to resist the high-priced supply, and the transaction volume declined.
Forecast of the market outlook: CP will be released in August, and the current market atmosphere is acceptable. It is expected that the propane market will run at a high level in the short term.
The latest price of diesel oil (July 31): 7569 yuan / ton, the market outlook is bearish
Analysis points: In the early stage, middlemen built warehouses for diesel oil, which led to a sharp rise in diesel prices. However, due to the impact of high temperature and rainy weather, outdoor infrastructure, industrial and mining operations were affected, and the demand for diesel did not actually improve. In addition, the purchase of middlemen came to an end. fall back.
Forecast of the market outlook: Crude oil prices have continued to rise in the near future, which still supports refined oil products, but diesel purchases have decreased, and demand has not improved. It is expected that the diesel market will still have room to fall later.
The latest price of palm oil (July 31): 7548 yuan / ton, the market outlook is bearish
Analysis points: On July 31, the palm oil market fell, with a single-day drop of more than 2%. Malaysian palm oil is in the production increase cycle, the futures market is down, and the terminal demand is flat, and the spot market of palm oil is mainly falling. Affected by high temperature weather, the demand for oil is not good.
Forecast of the market outlook: The palm oil market will continue to be weak and downward, and the rise will be weak.
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