SunSirs commodity price forecast (June 1 2023)

The latest price of lithium carbonate (May 31): Industrial grade 290,000 yuan/ton, battery grade 310,000 yuan/ton, the market outlook is bullish

Analysis points: The current lithium carbonate market trend is still relatively rational, the market supply is relatively stable, and the relationship between supply and demand has not been significantly reversed. Under the current situation of multi-party games, there is no obvious long-short factor in the lithium carbonate market. The price increase is mostly caused by traders pushing up sentiment.

Market outlook forecast: It is expected that the price of lithium carbonate in the short term may be mainly consolidated.

The latest price of polymeric MDI (May 31): 15,600 yuan/ton, the market outlook is bullish

Analysis points: The domestic polymeric MDI market is rising in a narrow range, and there is a slight difference between the north and the south markets. The supply of goods in the north is short, and the quotations of traders are raised by 300-500 yuan/ton. The southern market rose slowly, and the buying momentum in the market was not good, and the market followed up slowly.

Forecast of the market outlook: In the short term, the domestic polymeric MDI market will recover and be consolidated.

The latest price of aniline (May 31): 10912.5 yuan/ton, the market outlook is stable

Analysis points: Jiangsu Fuqiang’s overhaul plan has been fulfilled, boosting market confidence, and tightening supply is expected to strengthen, driving domestic aniline to rise slightly.

Forecast of the market outlook: supply reduction, market sentiment is bullish. It is expected that the aniline market will be relatively stable in the short term.

The latest price of soybean oil (May 31): 7088 yuan/ton The latest price of palm oil (May 31): 7012 yuan/ton The market outlook is bearish

Analysis points: At the end of May, the weather continued to be high, and the terminal oil consumption was not good. The number of imported soybeans has increased. The external market of Malaysian palm oil is in a cycle of increasing production. The futures market is negative, and multiple negative factors are suppressing. The market of soybean oil and palm oil continues to decline.

Forecast of the market outlook: The bearish situation is still there. It is expected that the soybean oil and palm oil market in the market outlook will still mainly decline weakly.

The latest price of diethylene glycol (May 31): 6016.67 yuan/ton, the market outlook is bearish

Analysis points: On May 31, the diethylene glycol market fell sharply, down 8.70% from the previous trading day. In the East China market, the quantity of shipments at the terminal was low, and the market was wait-and-see in the morning, and the market fluctuated within a narrow range. However, the downstream follow-up intention was insufficient, and the market fluctuated and weakened. The market continued to fall in the afternoon, and the buying follow-up was weak. , The price stopped falling and stabilized near the close; in the South China market, the mentality of the holders was weak, and they mainly negotiated with them, and the downstream follow-up intention was not good, and the market wait-and-see atmosphere was still strong. Forecast of the market outlook: In the short term, due to the pressure from the economic downturn, crude oil remains unabated, and it is temporarily unable to form an obvious operating trend to support diethylene glycol. In terms of supply, Sanjiang added 1 million tons/year of EO/EG equipment in Qualified products have been produced in the near future, and the superimposed port inventory is expected to increase in a narrow range, and the market supply pressure is increasing; the terminal demand is weak, and the downstream unsaturated resin market continues to weaken. The current overall capacity utilization rate is 29%, a decrease of 1% from the previous cycle .

Forecast of the market outlook: the short-term diethylene glycol market may maintain a weak pattern. Relatively clear support has not yet appeared, and it is difficult to turn the market for the time being. In the near future, it will digest the decline and operate in a weak range. News changes.