SunSirs commodity price forecast (July 13 2023)

The latest price of DDGS (July 12): 2800 yuan / ton, the market outlook is bullish

Analysis points: On July 12, the DDGS market rose by 4.58% from the previous trading day, and by more than 10.82% from the beginning of the month. The main reason is that the DDGS substitute soybean meal market has soared, the supply has tightened, and alcohol factories have raised their prices. Supported by the rigid demand of terminal aquatic products, the market transactions are active, the volume of shipments has increased, and the DDGS market has risen sharply.

Forecast of the market outlook: supply is tightening, and end demand is supported. It is expected that the DDGS market will still have room to rise in the market outlook.

The latest price of SC crude oil (July 12): 573.3 yuan/barrel, the market outlook is bullish

Analysis points: Overnight crude oil futures rose significantly. On Tuesday, the settlement price of the main contract of WTI crude oil futures in the United States was 74.83 US dollars per barrel, a decrease of 1.84 US dollars or 2.5%. The settlement price of the main contract of Brent crude oil futures was 79.40 US dollars per barrel, a decrease of 1.71 US dollars or 2.2%. On the 12th, crude oil in the intraday market followed suit, and the settlement price of the main contract was 573.3 yuan/barrel, an increase of 0.8%. Mainly due to the weakening of the dollar, the valuation of crude oil has increased, and the positive boost from the expected tightening of oil supply has overshadowed concerns about weakening demand that may be triggered by the Fed's interest rate hike.

Forecast of the market outlook: The macro pressure has eased in the short term, and the market is seeking to rebalance supply and demand. It is expected that in the context of deepening production cuts by oil-producing countries OPEC+, especially the tight supply caused by Saudi Arabia’s additional production cut of 1 million barrels in July and August , It is expected that the oil market will be mainly volatile.

The latest price of ammonium sulfate (July 12): 797 yuan / ton after market adjustment

Analysis points: As the price of urea continues to rise recently, it is good for the market of ammonium sulfate, and the market trend of ammonium sulfate continues to rise. The price of coking-grade ammonium sulfate rose, and the price of caprolactone-grade ammonium sulfate followed the rise. As the price of ammonium sulfate rises, there are fewer transactions at high levels, and the downstream receiving capacity is limited, so the industry operates cautiously.

Market outlook forecast: It is expected that the short-term domestic ammonium sulfate price will be mainly adjusted and operated at a high level and within a narrow range.

The latest price of chloroform (July 12): 1825 yuan / ton, the market outlook is bearish

Analysis points: The price of chloroform fell 2.67% from the previous day, and the drop was mainly affected by the weak supply and demand. At present, the production and sales peak season is over, and the downstream refrigerant R22 starts to work at a low level, and the purchase of chloroform is small; coupled with loose supply, chloroform is weak and volatile.

Forecast of the market outlook: Looking at the market outlook, the price of raw material methanol has rebounded recently, and the cost of chloroform has increased. In the short term, the price of chloroform will be supported by costs.

The latest price of cement (July 12): 337.00 yuan / ton, the market outlook is bearish

Analysis points: According to data from SunSirs, the cement market in East China has continued to decline recently. Currently in the high-temperature and off-season of the cement market, the downturn in the real estate industry has intensified the inventory pressure of cement companies, and the market competition is fierce. In order to increase shipments, cement manufacturers have led prices to drop, and the cement market has continued to bottom out.

Forecast of the market outlook: The demand for cement is unlikely to improve in the near future, and it is expected that the cement market in East China will mainly decline in the short term.