SunSirs commodity price forecast (June 8 2023)

The latest price of DDGS (June 7): 2493 yuan/ton, the market outlook is bullish

Analysis points: The domestic DDGS market continued to decline this week, with a drop of nearly 5%. The weather is getting hotter, the demand for terminal aquatic feed is not good, manufacturers are not confident enough to raise prices, and the price of domestic DDGS continues to weaken. The mainstream quotation has dropped to 2,400 yuan/ton, a drop of about 200 yuan/ton.

Forecast of the market outlook: The price of raw corn will pick up. It is expected that domestic DDGS will have limited room for decline in the market outlook, and it may stop falling and recover.

The latest price of liquefied natural gas (June 7): 3574 yuan / ton, the market outlook is bullish

Analysis points: The domestic liquefied natural gas market price bottomed out and rebounded after a continuous decline, downstream replenishment demand began to increase, and liquid plant shipments improved. Some liquid plants have started maintenance, and the market supply has decreased. In terms of sea air, the price is mainly down.

Market outlook forecast: domestic liquefied natural gas prices are expected to continue to rise in the short term, but the reduction in imported gas prices will have an impact on domestic gas, and the upside is expected to be limited.

The latest price of methyl ethyl ketone (June 7): 7300 yuan / ton after market adjustment

Analysis points: On June 7, the price was raised by 500 yuan/ton, an increase of 7.35%. The butanone market as a whole ushered in a wide-ranging rise, and the rising price of raw materials gave the cost support of butanone increased, and the overall market of butanone moved upwards following the trend of raw materials. At present, the downstream demand for methyl ethyl ketone has limited improvement, and the overall market transactions are cautious.

Market outlook forecast: At present, the overall trading atmosphere in the butanone market is still light, the wait-and-see sentiment in the market is strong, and the support on the demand side is moderate. It is expected that the domestic butanone market will mostly adjust within a narrow range in the short term.

The latest price of melamine (June 7): 6625.00 yuan/ton, wait and see in the market outlook

Analysis points: On June 7, the melamine market was mainly stable, and some enterprises lowered their high-end prices, which was 7.02% lower than that on June 1. Recently, the price of raw material urea has risen, the support of the cost side has been strengthened, and the inventory pressure on the supply side has eased somewhat, but the demand side is still light.

Forecast of the market outlook: The current market atmosphere is acceptable. It is expected that the melamine market will operate steadily in the short term, and more attention should be paid to changes in raw material prices.

The latest price of zinc (June 7): 19764 yuan / ton, the market outlook will fluctuate

Analysis points: A number of recent U.S. economic data reflect that the U.S. economy is more resilient than Europe. The possibility of the Fed’s suspension of interest rate hikes in June is increasing. The supply in the zinc market is slightly insufficient; zinc concentrate processing fees have risen, zinc ingot cost support still exists, and traders are more willing to raise prices.

Forecast of the future market: the supply and demand of the zinc market are still weak, and the macro news stimulus is the main factor affecting the trend of zinc prices. On the premise that the macro economy has not improved significantly, it is expected that the zinc price will fluctuate and consolidate in the future market.

The latest price of diethylene glycol (June 7): 5533.33 yuan / ton, the market outlook is bearish

Analysis points: On June 7, the diethylene glycol market fell sharply. The diethylene glycol market in East China continued to fall, and the industry players were pessimistic. The downstream buying and selling sentiment gradually rose, and the buying sentiment was not good under the dominance of the bearish sentiment. Up to now, the spot offer is 5500-5520 yuan/ton. The diethylene glycol market in South China is at a stalemate, and the market trading sentiment is unlikely to improve, and the market is mostly based on just-needed small orders. Up to now, the mainstream spot quotation is 5600-5650 yuan / ton.

Forecast of the market outlook: The terminal demand is weak, the downstream unsaturated resin market continues to weaken, and the port inventory fluctuates at a low level. It is expected that the short-term domestic diethylene glycol market may fluctuate slightly, so pay attention to changes in the news.