The latest price of liquefied natural gas (4-19): 4298 yuan / ton, the market outlook is bullish
Analysis points: At 14:00 on April 19th, there will be an auction for raw gas directly supplied by PetroChina to the Northwest Liquid Plant, and the starting price will be raised. The cost of liquefied natural gas has increased, and liquefied natural gas plants have mainly raised prices. Downstream stocks are active, and traders are starting to stock up.
Market outlook forecast: Driven by cost, it is expected that domestic liquefied natural gas prices will continue to rise in the short term.
The latest price of aniline (4-19): 11600 yuan / ton, the market outlook is bullish
Analysis points: Factory shipments improved, inventory fell to a low level, spot supply was tight, downstream operations started normally, aniline shipments were stable, and some factories held bullish stocks.
Forecast of the market outlook: supply reduction, market sentiment is bullish, and aniline continues to rise.
The latest price of nickel (4-19): 202033.33 yuan / ton, the market outlook is bullish
Analysis points: The decline in the US dollar and the recovery of the domestic economic climate boosted the futures market. Lunni closed up 3.75%, and Shanghai Nickel also rose 4.2% driven by this. On April 14, a magnitude 7.1 earthquake hit Java Island, Indonesia, with a focal depth of 600 kilometers. Indonesia's nickel ore products account for about 30% of the world's nickel production, and it is the world's largest nickel supplier. The earthquake event created a hype point for the nickel market, and the nickel price rebounded sharply under the mood of supply worries. In addition, economic downturn and environmental factors have added uncertainty to the scheduled commissioning of new electrolytic nickel production capacity, MHP's electrolytic nickel profit narrowing drive has weakened, and supply has concerns. In terms of downstream demand, the price of downstream stainless steel has risen to a certain extent driven by the rise in nickel, but the overall order receipt is not good; from the perspective of the new energy industry, the current downstream orders are still weak.
Forecast of the market outlook: Boosted by the news of the earthquake, the overall supply and demand of nickel has improved compared to before, but the demand has not really improved, suppressing the upward trend of nickel prices. It is expected that nickel prices will fluctuate strongly in the short term, but the rise may be limited.
The latest price of liquid ammonia (4-19): 3083 yuan / ton, the market outlook is bearish
Analysis points: On April 19, the domestic liquid ammonia market continued its downward trend this week. According to the monitoring of Sunrise, the daily decline in Shandong, the main production area, was 2.63%. The ex-factory prices of major manufacturers in Shandong were lowered by 300 yuan/ton yesterday, and the quotations of major manufacturers are still lowered today, with the range mostly around 100 yuan. On the one hand, coal and natural gas raw materials are falling, and the cost side is negative for the ammonia market. In addition, supply pressure is obvious, manufacturers' shipments are slowing down, and inventory pressure is rising. Superimposed import sources impact the domestic market. In addition, the support of downstream products such as urea and ammonium chloride is insufficient, and the trend remains weak. At present, the mainstream quotation in Shandong area is 2900-3100 yuan/ton.
Market outlook forecast: It is expected that the contradiction between supply and demand will be difficult to resolve in the near future, and the price of feed liquid ammonia still has room to decline.
The latest price of tin (4-19): 218660 yuan / ton, the market outlook is bearish
Analysis points: Affected by the news that Myanmar's Wa State plans to suspend production on Monday, Shanghai and tin rose sharply for two consecutive days. Today's news was basically digested, and the market went down. On the morning of the 19th, Shanghai and tin began to decline after the opening was volatile. The largest intraday drop was close to 3%, and then the decline slowed down. On the 19th, the Shanghai-tin main force 2305 contract closed at 220,440 yuan/ton, closing down 1.51%. From the fundamental point of view, the tin market has not changed much in the near future. Although the downstream demand has shown signs of improvement, it is still weak overall. In the short term, the market fluctuates more obviously under the news that Wa State intends to suspend production, but the follow-up impact on the fundamentals still remains. It was not clear, and the spot market quotations on the 19th were also relatively changeable, and the market was in a strong wait-and-see mood.
Forecast of the market outlook: In the short term, domestic supply and demand fundamentals still have limited impact on tin prices, and the market outlook still needs to focus on the impact of domestic and foreign macro factors on the market.
The latest price of sulfur (4-19): 893.33 yuan / ton, the market outlook is bearish
Analysis points: The sulfur refinery unit is operating normally, the market supply is stable, the terminal industry has entered the off-season, the main downstream new orders are insufficient, the market is weak and down, the downstream demand is not good, the refinery is not smooth, the industry is pessimistic, and some Enterprises choose to lower prices to stimulate shipments according to their own inventory and shipment situation, and the supply in the market is strong and demand is weak.
Market outlook forecast: It is expected that the short-term sulfur market will consolidate at a low level, and pay specific attention to the downstream follow-up situation.
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