The latest price of cobalt (June 28): 284,700 yuan/ton, the market outlook is bullish
Analysis points: The production and sales of new energy vehicles are booming, the sales of the automobile industry are generally growing rapidly, the stocks of automobile companies are strong, the profits of the automobile manufacturing industry are increasing, and the downstream profits are increasing, and there is a large room for cobalt prices to rise; the purchase tax reduction of new energy vehicles The policy has been continued, the production and sales of new energy vehicles are expected to increase, the demand for cobalt in the market outlook will increase or exceed expectations, 3C and smart electronic products will pick up, the proportion of ternary batteries will increase, and the demand for cobalt will rise. The situation in some areas of the Democratic Republic of the Congo is unstable, and the supply of cobalt raw materials may be limited.
Forecast of the market outlook: The supply declines and demand picks up, and the cobalt price fluctuates and rises in the market outlook. Or hit the 300,000 yuan mark.
The latest price of urea (June 28): 2257.50 yuan / ton, the market outlook is bullish
Analysis points: On June 28, the comprehensive price of domestic urea rose slightly, which was 18.12 yuan/ton higher than the price on June 27, an increase of 0.81%, and a year-on-year decrease of 27.25%. The price of upstream Yangquan anthracite (washed medium block) is about 920 yuan/ton, which is low and stable, and the cost support is average. From the demand side: agricultural demand increased, industrial demand in general. Fertilizers are good for northern corn and southern rice, and enterprises have a good attitude towards price promotion. Compound fertilizer, sheet metal, and melamine enterprises started operations in general, and mainly needed to purchase. From the perspective of supply: the daily output of urea is around 160,000-170,000 tons, and the supply is sufficient.
Market forecast: It is expected that the domestic urea market price may fluctuate slightly, and the average market price will be around 2,280 yuan/ton.
The latest price of steel billet (billet) (June 28): 3520 yuan/ton, the market outlook is bullish
Analysis points: On June 28, the spot price of steel billet rebounded again; as of the end of midday, Sunsir’s steel billet price rose by 50 yuan compared with yesterday, an increase of 1.39%. The reason for the increase in billet prices this time is still that the price of iron ore at the raw material end continued to rise this week, driving up billet prices. In terms of supply and demand, some steel enterprises in Tangshan on the supply side are implementing maintenance plans. In addition, the profit of finished products is higher than that of billets, and the product structure tends to be steel, so the supply of billets has decreased; because the demand side has entered the off-season of the industry, demand has slowed down seasonally. The view on the market is bearish, so the procurement operation is still cautious, mostly based on replenishment operations, and the steel mills will continue to allocate varieties, which is negative for the demand for steel billets. In terms of the market, due to the influence of futures prices and rising iron ore factors, market sentiment has improved, but the off-season effect continues to ferment, and the steel industry is mostly worried about short-term market conditions, so the market is more wait-and-see.
Forecast of the market outlook: In summary, the support of the cost side is strong, but the fundamentals of billet supply and demand have turned into a situation of weak supply and demand. Rise and then fall, run on the strong side.
The latest price of liquefied natural gas (June 28): 3974 yuan / ton after market adjustment
Analysis points: At present, there are more heavy vehicles in the market, and there are frequent safety inspections in various places. Coupled with the sluggish market demand and limited downstream receiving capacity, liquid factories in some areas have lowered prices. A new round of raw material gas auction will start tomorrow, and the wait-and-see sentiment in the market has increased.
Market outlook forecast: It is expected that domestic liquefied natural gas prices will be adjusted slightly in the short term.
The latest price of styrene (June 28): 7175.00 yuan / ton, the market outlook is bearish
Analysis points: The price on June 28 fell by 1.71% compared with the previous trading day, and fell by 31.29% year-on-year. The international crude oil price fell, the pure benzene market was weak and consolidated, and the cost support was not good. Although the end of the month was approaching, downstream procurement still maintained rigid demand, the market buying momentum was flat, and the styrene market fell.
Forecast of the market outlook: Recently, there will be more equipment maintenance and repairs, and it is expected that the styrene market will mainly decline in the short term.
The latest price of praseodymium and neodymium oxide (June 28): 465,000 yuan/ton, the market outlook is bearish
Analysis points: The domestic light rare earth market fell, inquiries in the praseodymium and neodymium product market were relatively deserted, transactions were mainly based on rigid demand, and some companies declined in price support. In addition, demand support was insufficient after June, and the light rare earth market fluctuated and declined. At present, the price of metal praseodymium and neodymium is still upside down, mainly to ensure the supply of long-term cooperation orders, middlemen are cautious in replenishing goods in small quantities, and transactions are limited. Both rare earth production and market inventory have declined recently, and sellers are cautious in quoting prices, but downstream purchases are deserted, transactions are in general, and the overall price trend of rare earth products is declining.
Forecast of the market outlook: The supply of rare earth production enterprises will be maintained in the later period, and some enterprises are eager to ship. The actual transaction price has dropped.
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