Zinc prices fell in November

According to the data monitoring of business society, the zinc price fluctuated and fell in November, and the zinc market fell. As of November 30, the price of zinc was 23012.00 yuan / ton, down 5.67% from 24396 yuan / ton on November 1 at the beginning of the month; In November, the zinc market fell, and the zinc price fluctuated and fell.

The manufacturing industry returns to the expansion range, which is good for the zinc market

In November, the purchasing managers’ index (PMI) of China’s manufacturing industry was 50.1%, up 0.9 percentage points from the previous month, above the critical point. The manufacturing industry returned to the expansion range, indicating that China’s economic prosperity has rebounded on the whole. The domestic economy rebounded, the manufacturing production activities accelerated, the manufacturing market demand improved, the demand of zinc market recovered, and the zinc market remained positive.

Glencore zinc equipment has been overhauled again

Impacted by high energy prices, the tide of shutdown affected more areas. Glencore said in a statement sent by email on November 22 that the portovesme production line with an annual output of 100000 tons of zinc sulfide will be maintained by the end of December; Glencore equipment maintenance, zinc supply is expected to decrease, and zinc prices rise.

The output of zinc concentrate decreased month on month

The zinc concentrate output of new century in the third quarter of 2021 was 28900 tons, a year-on-year decrease of 14.06% and a month on month decrease of 8.95%. The zinc concentrate output of Titan mining in the third quarter of 2021 was 1300T, with a year-on-year increase of 18.18% and a month on month increase of 23.81%. Trevali mining’s zinc concentrate output in the third quarter of 2021 was 37400 tons, with a year-on-year increase of 11.22% and a month on month decrease of 5.61%. The output of zinc concentrate of several major mining enterprises decreased month on month in the third quarter, and the supply of zinc city decreased.

Galvanized sheet market fell

According to the data test of business society, the market of galvanized sheet continued to decline in November, limited by the impact of electricity, epidemic situation and demand decline. The price of galvanized sheet continued to decline in November and October. At present, it has fallen to the lowest level of this year. The demand of zinc market has declined, and there is great downward pressure in zinc market.

Market overview and future forecast

Analysts of the business community believe that due to the impact of limited electricity and epidemic situation, the supply and demand of zinc market were weak in November, and the downward pressure of zinc market was large. PMI rose in November, the domestic economy rebounded, manufacturing production activities accelerated, the market demand of manufacturing industry was expected to improve, and the downward space of zinc market was limited; Glencore zinc sulfide equipment maintenance, zinc supply is expected to decrease. Generally speaking, the future zinc market is expected to reduce supply, increase demand, increase the driving force of zinc price and weaken the downward pressure. Zinc prices are expected to hit the bottom and rebound in the future.

In November, MIBK market continued to decline. According to the monitoring data of business society, the market offer was 22025 yuan / ton on November 1 and 17833 yuan / ton on November 29, with an overall market decline of 19.03%. In terms of the market offer in East China, the market offer at the beginning of the month was 21500-22000 yuan / ton, the market offer at the end of the month was 17000-17500 yuan / ton, and the decline during the month was 4000-4500 yuan / ton. On the whole, the decline was large. As can be seen from the trend chart below, MIBK market was in a shock downward trend in November.

In November, the operating rate of MIBK industry increased, with an operating rate of more than 80%. The operating rate of enterprises is high, and the market supply is relatively sufficient. In the downstream, antioxidant digestion inventory is the main thing, while other downstream markets are depressed. When the products fall sharply, the market inventory is not willing. It is just needed to enter the market. The shipment rhythm of cargo holders is obviously under pressure. Some traders sell actively and have to reduce the price for shipment, and the market continues to fall.

Upstream acetone products fell first and then stabilized in the month. The acetone market fell significantly in the first ten days and tended to be stable in the second ten days. Taking the market offer in East China as an example, the market offer in East China was 6400 yuan / ton at the beginning of the month and 5600-5650 yuan / ton at the end of the month, with the market falling by 12.11%. In the downstream market, the rubber additives market is weak and downward, the prices of the mainstream varieties of crude funds continue to fall, and the antioxidant is dragged down by the cost.

Devices in the industry: the 50000 T / a MIBK device of Li Changrong in Zhenjiang was shut down on October 18 for about one month, the monthly operating rate of 15000 T / a MIBK device of Wanhua chemical was adjusted from 50% to 90%, and the 15000 T / a MIBK device in Zhenyang, Ningbo was shut down.

From the perspective of business cooperatives, the current operating rate of the industry is more than 80%, the market supply is sufficient, the wait-and-see situation of downstream procurement is heavy, the demand is low, and the shipment rhythm of cargo holders is not smooth. The supply of low-cost goods affects the mentality of the operators. The business society expects that the MIBK market will be weak in December.

According to the monitoring data, the mainstream market of polyaluminium chloride in China fluctuated slightly in the past three days (24-26): on November 24, the domestic mainstream quotation of solid (industrial grade, content ≥ 28%) polyaluminum chloride was 2460 yuan / ton, and on November 26, the mainstream quotation was about 2448.75 yuan / ton, a decrease of 0.46% in the three days.

Raw material: hydrochloric acid. According to the monitoring of business society, the domestic hydrochloric acid market price fluctuated slightly in the past three days (24-26 days). The mainstream quotation on the 24th was 306 yuan / ton, and the quotation on the 26th was 308 yuan / ton, a slight increase of 0.65%. The upstream liquid chlorine market fell and gave poor support to hydrochloric acid. The downstream white carbon black and ammonium chloride market were general and lacked enthusiasm for hydrochloric acid procurement.

As for the future market, the raw material support is insufficient, the downstream demand is general, and the current polyaluminium chloride market is slightly weak as a whole; Subject to the environmental protection in winter and the dual control policies of many provinces, cities and regions in China, the market generally predicts that the market price will rise after the manufacturer’s production is limited in the later stage, but the current price mainly fluctuates slightly.

Market price trend chart of nitric acid

Nitric acid price curve

According to the monitoring of business agency, the average price of nitric acid of domestic production price on November 25 was 2616 yuan / ton, and the average price of nitric acid of domestic production price on November 19 was 2766 yuan / ton, down 5.42%.

On November 22, Ningxia Runxia energy and Chemical Co., Ltd. had an annual output of 150000 concentrated acids and 98 concentrated nitric acid, and the ex factory quotation was 2750 yuan / ton, which was the same as the last time; Anhui Jinhe Industrial Co., Ltd., the ex factory quotation of concentrated nitric acid is 2450 yuan / ton, which is 300 yuan / ton lower than the last time. Shaanxi Xinghua Chemical Co., Ltd. has an annual production capacity of 100000 tons of nitric acid. The ex factory quotation of concentrated nitric acid including tax is 2650 yuan / ton, which is 150 yuan / ton lower than the last time. Huainan Aodeli chemical products Sales Co., Ltd., the quotation of concentrated nitric acid fell, with the quotation of 2380 yuan / ton, down 370 yuan / ton compared with the last time.

According to the monitoring of business society, the production price of upstream liquid ammonia in Shandong fell by 9% during the period from November 15 to November 25. The domestic market price of downstream aniline fell by 8.59% during the period from November 15 to November 25. Downstream TDI, during the period from November 15 to November 25, the market price in East China fell by 2.54%. Downstream potassium nitrate, the production price of Shanxi fell by 0.43% during the period from November 15 to November 25. Downstream ammonium nitrate, the domestic production price fell by 8.94% during the period from November 15 to November 25.

Due to the decline of raw materials and insufficient demand for nitric acid, there is great pressure on enterprise inventory. Nitric acid analysts of business society expect the price of nitric acid to continue to decline.

The price of orthobenzene remained stable this week

According to the data monitoring of business society, the quotation of o-xylene was temporarily stable this week. As of November 19, Sinopec’s listed executive price was 7200 yuan / ton, which was stable compared with the price of o-xylene last week. The adjacent benzene market was temporarily stable this week.

The price of raw materials fluctuated and fell

According to the monitoring data of business society, this week, the trend of mixed xylene, a raw material of ortho benzene, continued its weakness in the early stage, and the price of mixed xylene fluctuated and fell, down 3.94%. The price of raw materials decreased and the cost of o-xylene decreased; The downward pressure on the price of orthobenzene increased.

The downstream market fell sharply

According to the monitoring data of business society, this week, the phthalic anhydride market continued the previous decline, the phthalic anhydride price fell sharply, down 4.76%, the phthalic anhydride market fell, the downstream market of orthobenzene fell, the demand for orthobenzene decreased, the rising power of orthobenzene weakened, the downward pressure increased, and the orthobenzene market weakened.

Market Overview

According to the monitoring of business society, the prices of mixed xylene and downstream phthalic anhydride, the raw material of o-benzene, fell sharply this week, the cost of o-benzene fell, the demand fell, the rise of o-benzene was not supported, and the downward pressure increased. It is expected that in the future, the price of o-xylene will mainly be adjusted weakly.

Zinc prices bottomed out and rebounded this week

According to the data monitoring of business society, the zinc price hit the bottom and rebounded this week, and the zinc market fluctuated and rose. As of November 23, the price of zinc was 23898.00 yuan / ton, up 1.74% from 23490 yuan / ton on November 12; This week, the zinc market recovered and rose, and the zinc price fluctuated and rose.

Glencore zinc equipment has been overhauled again

Impacted by high energy prices, the tide of shutdown affected more areas. Glencore said in a statement sent by e-mail on Monday that the portovesme production line with an annual output of 100000 tons of zinc sulfide will be maintained by the end of December; Glencore equipment maintenance, zinc prices rose.

The output of zinc concentrate decreased month on month

The zinc concentrate output of new century in the third quarter of 2021 was 28900 tons, a year-on-year decrease of 14.06% and a month on month decrease of 8.95%. The zinc concentrate output of Titan mining in the third quarter of 2021 was 1300T, with a year-on-year increase of 18.18% and a month on month increase of 23.81%. Trevali mining’s zinc concentrate output in the third quarter of 2021 was 37400 tons, with a year-on-year increase of 11.22% and a month on month decrease of 5.61%. The output of zinc concentrate of several major mining enterprises decreased month on month in the third quarter, and the supply of zinc city decreased.

Galvanized sheet market fell

According to the data test of business society, the market of galvanized sheet continued to decline in November, limited by the impact of electricity, epidemic situation and demand decline, the output of galvanized sheet continued to decline in November, and the trend continued to decline in October. At present, it has fallen to the lowest level of this year. The demand of zinc market has declined, and there is great downward pressure on zinc market.

Market overview and future forecast

Analysts of business society believe that due to the impact of limited electricity and epidemic situation, the demand of zinc market is weak, the downward pressure of zinc market is large, and the zinc price continued to decline in November; However, on Monday, Glencore announced the overhaul of 100000 tons of zinc sulfide equipment, which greatly reduced the supply expectation of zinc market. The overall supply and demand of zinc city are both weak, but the short-term supply is greatly reduced, which stimulates the sharp rise of zinc price. In the future, concerns about the expansion of the European energy crisis stimulated the rise of zinc prices. Overall, the short-term supply of zinc in the market decreased greatly, and the zinc price fluctuated and rose in the short-term future.

According to the bulk data monitoring of business society, the average price of acetic acid was 7220 yuan / ton on November 19. Compared with 7120 yuan / ton on November 13, it increased by 100 yuan / ton, or 1.40%, and decreased by 5.12% month on month. As of November 19, the market price of acetic acid in various regions in China rose and fell as follows:

region November 13th November 19th

South China 7250-7350 yuan / ton 7150-7250 yuan / ton

North China 7000-7100 yuan / ton 7000-7100 yuan / ton

Shandong region 7000-7150 yuan / ton 7000-7150 yuan / ton

Jiangsu region 7100-7200 yuan / ton 7000-7100 yuan / ton

Zhejiang region 7200-7300 yuan / ton 7100-7200 yuan / ton

The domestic acetic acid market was sorted out and operated. Most of the acetic acid enterprises in the field were mainly on the sidelines for a while. The quotation was stable and small during the week, and the downstream demand continued to be rational. The acetic acid manufacturers negotiated shipment, and the actual transaction price was low. The domestic acetic acid plants operated normally, the market supply was stable, and the delivery of new orders in the field was insufficient. Most of the operators were on the sidelines.

In the downstream, the market of ethyl acetate fluctuated and decreased this week, and the overall price decreased by 0.35% during the week. As of November 19, the price of ethyl acetate in East China was 9616.67 yuan / ton. The manufacturer’s plant started stably, the market supply was sufficient, the downstream demand was weak, the orders were less, and the ethyl acetate Market was weak.

According to the acetic acid analysts of business society, most domestic acetic acid manufacturers operate smoothly, the market supply is stable, while the downstream demand is general, the transaction of new orders in the market is insufficient, the short-term acetic acid market is sorted and operated, and there may be a downward trend in the future. Pay attention to the downstream transaction.

1、 Price trend

According to the bulk list data of business society, the price trend of cryolite in Henan was stable this week. On November 19, the average market price in Henan was 7150.00 yuan / ton. Compared with the price on November 13, the price in the week was flat, with a month-on-month increase of 4.00%.

2、 Market analysis

The domestic cryolite market is running strongly, the supply of raw materials is tight, the price is high, and the high cost supports the maintenance of the high cryolite price. At present, the cryolite enterprise inventory is low, and the enterprise maintains negotiation and shipment. As of November 19, the ex factory quotation of cryolite in Shandong is 7000-7600 yuan / ton, and the ex factory quotation of cryolite in Henan is 6500-8600 yuan / ton. The devices of domestic cryolite enterprises operate normally, the shipment of enterprises is relatively stable, the market supply is tight, and the operators wait and see.

The trend of cryolite is still mainly affected by the upstream. The market of soda ash is weak this week, with the price falling by 2.06% during the week. On the whole, the price is still high. The overall operating rate of the market is slightly lower than last week, the weekly output is reduced, the supply of goods is still tight, and the supply of raw materials is tight, which supports the high operation of cryolite market. In the downstream, the aluminum market was adjusted and lowered. On November 19, the aluminum price was 18553.33 yuan / ton, an overall decrease of 4.51% compared with the price of 19430.00 yuan / ton at the end of last week. The market continued to be weak, and the social inventory of electrolytic aluminum accumulated. In the downstream, the aluminum market was adjusted downward during the week at the stage of digesting the increase of the early aluminum industry.

3、 Future forecast

The domestic cryolite market remains stable at a high level, and the shortage of upstream raw materials gives strong support to the market. Cryolite enterprises wait and see the market consolidation, and the cryolite trend continues at a high level in the later stage. Pay specific attention to the upstream raw materials.

1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process with large volume in the domestic market as an example, according to the data of the bulk list of business society, the titanium dioxide market is basically stable this week, and the price of domestic titanium dioxide is 20950 yuan / ton.

2、 Market analysis

The titanium dioxide market was basically stable this week. The market demand for titanium dioxide is relatively light. At present, it is in the off-season of titanium dioxide. The market inquiry is general, and the transaction of new orders is weakened. Traders are more cautious in taking goods, wait-and-see and purchase on demand. Up to now, the factory quotation including tax of rutile titanium dioxide in China is 19500-21800 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17600-19500 yuan / ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi area decreased slightly this week. The titanium ore market in Yunnan is relatively cold, the market inquiry is general, manufacturers mostly deliver early orders, and the downstream wait-and-see mood is strong. Up to now, the tax free quotation of 38 grade titanium ore is about 1430-1500 yuan / ton, that of 46 grade 10 titanium ore is about 2280 yuan / ton, and that of 47 grade 20 ore is about 2500-2550 yuan / ton. The downstream titanium dioxide enterprise market is relatively cold, with a strong wait-and-see mood. It mainly purchases on demand, and the overall market operates weakly and stably. It is expected that the price of titanium concentrate will still be reduced slightly in the short term, and the actual transaction price will be mainly discussed.

In terms of sulfuric acid, the domestic sulfuric acid market price fell slightly this week, the upstream sulfur market fell slightly recently, the cost support was insufficient, some sulfuric acid manufacturers had insufficient operation, the load was reduced, the downstream formic acid and bromine market fell slightly, and the downstream procurement enthusiasm was weakened. So far, the average price of sulfuric acid in Shandong is 733.33 yuan / ton.

3、 Future forecast

Titanium dioxide analysts of business society believe that the titanium dioxide market is weak and stable at present. In terms of raw materials, the prices of titanium concentrate and sulfuric acid have been reduced, which is not enough support, and the downstream market is relatively light. It is expected that the titanium dioxide market will be more wait-and-see and consolidation in the short term.

According to the bulk list data of business society, as of November 17, the average quotation price of acrylic acid in East China was 17400 yuan / ton, down 0.95% from last Thursday (November 11) and 5.95% from October 17.

The acrylic acid market was weak this week (11.11-11.17). Recently, the price of raw material propylene is weak, the cost support is loose, and the market supply is abundant, but the demand side is light, the downstream buying mentality is cautious, the operation enthusiasm is not high, the wait-and-see atmosphere is strong, the market transaction at high prices is weak, and the price of acrylic acid is weak.

For upstream propylene, the overall propylene market in Shandong decreased by 100 yuan / ton on the 16th, and the average propylene price in Shandong was 7792 yuan / ton, down 1.33% from the 15th. The downstream gas buying is insufficient, especially the weakness of polypropylene, the main demand, is difficult to change. Propylene enterprises take the goods in line with the trend, and the price is reduced. There is no obvious positive effect on the propylene market, and it is expected that the propylene market will be weak in the near future.

According to the acrylic acid analysts of business society, at present, the price of raw propylene is declining, the cost support is insufficient, and the market demand is low, while the supply is relatively sufficient. It is expected that the acrylic acid market may be dominated by weak operation in the short term.