Epoxy curing agent News SunSirs commodity price forecast (May 18 2023)

SunSirs commodity price forecast (May 18 2023)

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SunSirs commodity price forecast (May 18  2023)


The latest price of activated carbon (May 17): 11,400 yuan/ton, the market outlook is bullish

Analysis points: The price on May 17 rose by 2.09% compared with the previous trading day. The downstream procurement of activated carbon was active, the market trading atmosphere was active, and the transaction exceeded expectations.

Forecast of the market outlook: It is expected that the domestic activated carbon market will be relatively strong in the short term.

The latest price of praseodymium oxide (May 17): 460,000 yuan/ton, the market outlook is stable

Analysis points: The light rare earth market has rebounded slightly in the near future, and a small amount of downstream demand has increased. In addition, the price of light rare earth has been falling for a long time. Affected by the slight increase in demand, the price of domestic light rare earth market has rebounded. However, downstream demand has not recovered, market information is still weak, orders from metal factories are relatively deserted, coupled with serious raw material upside down, metal factories are not very accepting of high-priced oxides. The order situation in the domestic terminal market has not improved significantly, the operation of enterprises with export orders is not ideal, the order situation of downstream magnetic material enterprises has remained sluggish, the pessimism of the rare earth market is still heavy, and the growth rate of rare earth products is limited.

Forecast of the market outlook: The downstream demand for rare earths has not actually improved, and downstream businesses have a strong wait-and-see attitude. In addition, the supply of rare earth production enterprises is normal, and the enterprises have not shipped much and accumulated inventory. The second quarter is the off-season for the rare earth industry.

The latest price of phthalic anhydride (May 17): 8125 yuan/ton, the market outlook will fluctuate

Analysis points: On May 17, the single-day price increase was 2.04%. Recently, the phthalic anhydride plant is running stably and the supply is normal. On the one hand, the price increase of phthalic anhydride is due to the sharp rise in the price of industrial naphthalene, which leads to the rise in the price of naphthalene-method phthalic anhydride. The export volume has increased, boosting the domestic phthalic anhydride market.

Forecast of the market outlook: The price trend of phthalic anhydride is weak in the near future. In addition, the market of plasticizers has not improved significantly. The actual demand has not improved, and the positive support is insufficient. , The market trend of o-phthalic anhydride is mainly volatile.

The latest price of diethylene glycol (May 17): 6516.67 yuan/ton, the market outlook is bearish

Analysis points: The price on May 17 fell by 4.40% compared with the previous trading day. Analysis: Diethylene glycol market fell sharply today. In the East China market, the buying follow-up continued to be low, and the holders’ offers followed the downward trend, and the price stopped falling and stabilized near the close; The wait-and-see atmosphere is still strong, and port inventories are expected to increase within a narrow range. The terminal demand is weak, and the downstream unsaturated resin market continues to weaken. At present, the overall unsaturated resin market start-up load is around 32%.

Market outlook forecast: In the short term, the macro commodity sentiment is average, the supply and demand side drives the bearish side, the mentality of the industry is under pressure, and the downstream is prudent to replenish goods at low prices. It is expected that the short-term domestic diethylene glycol market may fluctuate slightly, so pay attention to changes in the news.

The latest price of isobutyraldehyde (May 17): 8733.33 yuan/ton, the market outlook is bearish

Analysis points: On May 17, the domestic isobutyraldehyde market price fell slightly, which was 233.34 yuan/ton lower than the price on May 16, a decrease of 2.60%, and a year-on-year decrease of 44.49%. Some manufacturers resumed production, and the supply of isobutyraldehyde increased. The price of raw material propylene rose slightly, and cost support increased. The downstream neopentyl glycol market fell slightly, and downstream customers became less active in purchasing isobutyraldehyde.

Market forecast: It is expected that the domestic market price of isobutyraldehyde may fluctuate and drop slightly, and the price will be consolidated. The average market price is around 8,500 yuan/ton.

The latest price of soybean oil (May 17): 7624 yuan / ton, the market outlook is bearish

Analysis points: The price on May 17 fell by 2.51% compared with the previous trading day. After May Day, due to the increase in the number of imported soybeans arriving in Hong Kong, the operating rate of soybean oil plants has increased, the supply of soybean oil has been loose, and the price has continued to decline. The average market price has dropped to 7,600 yuan/ton.

Forecast of the market outlook: The terminal demand is not good, and the spot market of soybean oil will continue to decline in the market outlook.

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