According to the data monitored by the business community, as of February 28, the average price of domestic rubber grade high-grade white carbon black was 6100.00 yuan / ton. The white carbon black market was mainly stable, the price was weak, the upstream raw material price rose slightly, and the white carbon black market was stable. At present, the market supply is normal, the downstream just needs to purchase, and the transaction atmosphere is general.

In the first ten days of February, the mainstream price of white carbon black was about 6870 yuan / ton. The price was mainly stable. The overall market supply and demand was balanced and operated in a narrow range. It was mainly for contract customers. Compared with the same period last month, the price increased by 20.61%. In the first ten days of February, the white carbon black market was stable, medium and strong.

In mid February, the mainstream price of white carbon black was about 6100 yuan / ton, and the price decreased slightly. It was mainly just needed to purchase, mainly for contract customers. The negotiation atmosphere was flat, the scope of price change was limited, and the white carbon black market was weak, and the operation was sorted out.

In late February, the mainstream price of white carbon black was about 6100 yuan / ton, and the price was mainly weak. Compared with the same period last week, there was no significant change in the price. The overall market was balanced in supply and demand, mainly for just needed procurement, mainly for contract customers. The negotiation atmosphere was flat, and the white carbon black market was stable, medium and strong.

Upstream hydrochloric acid: in February, the domestic market price of hydrochloric acid first fell and then rose. The quotation first fell from 296.00 yuan / ton on February 1 to 234.00 yuan / ton on February 9, down 62.00 yuan / ton, down 20.95%, and then rose to 266.00 yuan / ton on February 25, up 13.68%, up 38.18% year-on-year. Business analysts believe that hydrochloric acid mainly fluctuates and rises slightly in the short term.

Chemical commodity index: on February 27, the chemical index was 1145 points, unchanged from yesterday, down 18.21% from the highest point of 1400 points in the cycle (2021-10-23), and up 91.47% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to the period from December 1, 2011 to now)

The white carbon black analyst of business agency believes that it is expected that the white carbon black will operate smoothly in March, with a balance between supply and demand. (to know more about the industry chain market trends, welcome to pay attention to the official account of the business community, obtain commodity information, and grasp the commodity price).

On February 27, the hydrobenzene commodity index was 88.02, unchanged from yesterday, down 13.71% from the highest point of 102.01 in the cycle (2014-01-09), and up 193.50% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

July 2, 8100.,+400

February 14, 7950.,-150

February 18, 7750.,-200

February 24, 7900.,+150

On February 24, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton, 7900 yuan / ton, and Qilu Petrochemical 7850 yuan / ton.

Other enterprises: Dongming Petrochemical offers 8000 yuan / ton, HSBC Petrochemical 7900 yuan / ton, Jincheng Petrochemical 7950 yuan / ton, Weilian chemical 8003 yuan / ton, Xinhai Petrochemical 7950 yuan / ton and Hongrun petrochemical 8450 yuan / ton.

Crude oil rose mainly this month. Positive: the prospect of crude oil demand is good and the geopolitical situation is tense; Bearish: positive signals from Iran’s nuclear negotiations. As of February 25, Brent rose $6.72 / barrel, or 7.37%; WTI rose $3.44/barrel, or 3.9%. On February 25, the price of international crude oil futures fell. Us WTI crude oil futures contract settlement price in April was US $91.59/barrel, down US $1.22 or 1.31%; The settlement price of Brent crude oil futures contract in April was US $95.42/barrel, down US $1.15 or 1.20%.

In February 2022, the first half of the hydrobenzene market was dominated by the shock trend in the second half of the month. The ex factory price in North China was 7525 yuan / ton at the beginning of the month and 7975 yuan / ton at the end of the month, with a monthly increase of 5.98%.

During the Spring Festival, the strong rise of crude oil led to the positive follow-up of relevant energy and chemical products. The shipment of pure benzene from local refining enterprises in Shandong Province was good, and the price rose actively. After the festival, Sinopec raised the price of pure benzene to 8100 yuan / ton, and the market negotiation was positive. However, with the weakening of crude oil support and the limited follow-up of downstream end products, the whole pure benzene industry chain weakened, the holders took profits and the price fell continuously. In late June, tensions between Russia and Ukraine escalated, crude oil rose significantly in the short term, the cost side drove pure benzene to rise, and the price rebounded rapidly. The hydrogenated benzene market closely follows the trend of pure benzene. In the first half of the month, the behavior is dominant, and the second half of the month enters the consolidation shock period.

In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand, some downstream enterprises have insufficient profit space and lack of power to catch up, and some factories shut down to reduce the burden. The demand is limited, and the upward pressure of pure benzene increases, which may fall; If crude oil continues to rise, or support pure benzene to rise. Continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.

In February 2022, the domestic 1# tin ingot market price fluctuated widely, but the overall trend remained upward. The average price in the domestic market was 329590 yuan / ton at the beginning of the month and 340730 yuan / ton at the end of the month, with a monthly increase of 3.38%.

On February 27, the tin commodity index was 173.54, unchanged from yesterday, hitting a record high in the cycle, up 304.90% from the lowest point of 42.86 on December 9, 2015. (Note: the period refers to the period from September 1, 2011 to now).

After many shocks in the tin market in February, the overall market is still an upward trend. In terms of supply, some manufacturers are still in the maintenance state, but the overall operating rate has increased to a certain extent compared with the previous period. It is expected that the large factories overhauled in the early period in mid and late March will gradually return to work. At present, the supply of tin ore is relatively stable, but the overall supply is still tight. In terms of downstream demand, downstream manufacturers gradually resumed work after the Spring Festival. Because the resumption time was later than that in the upstream, the demand was weak this month. However, the high tin price has affected the demand for downstream goods preparation. At present, the downstream goods are still prepared according to the principle of purchasing on demand.

From a fundamental point of view, tin is still in a pattern of weak supply and demand, and low inventory continues to support the rise of tin price. However, due to the general recovery in the downstream and small demand support, the tin price will still maintain a volatile trend in a short time, and we still need to pay attention to the downstream demand in the future.

Relevant data:

According to the latest report data released by the world Bureau of Metal Statistics (WBMs), the global tin market had a surplus of 2100 tons from January to December 2021. From January to December 2021, the output of refined tin increased by 3000 tons compared with the same period in 2020, and the apparent demand decreased by 1.7% to 378000 tons compared with the same period in 2020. In December 2021, the global refined tin output was 29100 tons and the consumption was 30500 tons.

On February 25, 2022, the London Metal Exchange (LME) tin inventory increased by 15 tons (unit: ton) by 2255 tons

According to the data monitored by the business community, as of February 28, the average price of domestic general transparent grade high-quality products PMMA was 17650.00 yuan / ton. In January, PMMA maintained a stable operation, and the price fluctuation was not obvious. The quotation range of mainstream manufacturers maintained about 17600 yuan / ton. In the PMMA market, it maintained a stable operation, with a stable negotiation focus and a stable negotiation focus.

In the first ten days of February, the average price of domestic general transparent grade superior PMMA was 17625.00 yuan / ton, and the quotation range of mainstream manufacturers remained about 17600 yuan / ton. Compared with the same period last week, there was no significant change in the price. The price of PMMA was mainly stable, the overall price change was not obvious, the focus of negotiation was stable, and the supply side was normal.

In the middle of February, the average price of domestic general transparent superior PMMA was 17650.00 yuan / ton, the quotation range of mainstream manufacturers remained about 17600 yuan / ton, and the price change was not obvious. The price of PMMA was mainly stable, the procurement atmosphere was general, the focus of negotiation was stable, and the supply side was normal.

In late February, the average price of domestic general transparent grade superior PMMA was 17625.00 yuan / ton, the price remained stable, and the fluctuation was limited. The manufacturers actively shipped and gave away the order, and the negotiation atmosphere was general. The quotation range of mainstream manufacturers remained about 17600 yuan / ton. Compared with the same period last week, the price of PMMA remained stable, the overall price change was not obvious, and the negotiation focus was stable, The supply side is normal.

Rubber and plastic index: on February 27, the rubber and plastic index was 773 points, unchanged from yesterday, down 27.08% from the highest point of 1060 points in the cycle (2012-03-14), and up 46.40% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to the period from December 1, 2011 to now).

PMMA analysts of business agency believe that the PMMA market is expected to operate smoothly in March. (to get more information about goods and to grasp the price of commodities, welcome to subscribe to the business community through the official account of the business community, the market is the opportunity).

According to the monitoring data of business agency, from February 18 to 25, the average market price of cyclohexanone in China fell from 12033 yuan / ton to 10833 yuan / ton, with a decrease of 9.97% in the week, a month on month increase of 9.75% and a year-on-year increase of 6.56%.

The domestic cyclohexanone market fell significantly this week, the raw material pure benzene rose in a narrow range, and the cost support was stable. However, in terms of supply and demand, some enterprises have reduced the production or maintenance of caprolactam units, increased the supply of cyclohexanone, and the market supply is quite abundant. Although some caprolactam factories have purchased one after another, the oversupply of goods in the market is still obvious. Under the pressure of shipment, the factory actively makes profit and ships, and the focus of transaction continues to decline.

Summary of domestic cyclohexanone market as of February 25:

region ., Price

East China . 11000-11200 yuan / ton vehicle cash delivery

South China . 11400-11500 yuan / ton cash delivery

Shandong region . 10800-11000 yuan / ton

Raw material pure benzene: the price of pure benzene rose. As of the afternoon of the 24th, the mainstream negotiation in East China was 8050 yuan / ton, up 330 yuan / ton from last Friday. Driven by the sharp rise of crude oil, the spot of East China pure benzene quickly followed up to 8050 yuan / ton. The market offer was active and the transaction volume was large.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business agency:

Downstream caprolactam: the caprolactam market is weak. Recently, the cost deviates from the fundamentals of supply and demand, and the price of caprolactam continues to decline under supply pressure. The cost of caprolactam rose again, and the price of caprolactam stopped falling when the loss increased. In addition, crude oil rose sharply under the influence of the situation in Russia and Ukraine, and the caprolactam market stayed on the sidelines.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business society:

Cyclohexanone is still in the situation of oversupply, but pure benzene is strongly supported, and the profit space of cyclohexanone is small. It is expected that the cyclohexanone market will be weak in the short term, with limited room for decline. The cyclohexanone analyst of business society predicts that the short-term cyclohexanone market is dominated by weak consolidation.

According to the monitoring of business agency, the price index of domestic rare earth market continues to rise. Recently, the rare earth market has reached a ten-year high. Recently, the price of domestic praseodymium neodymium series has remained high, and the price of terbium Series in heavy rare earth market has risen. On February 24, the rare earth index was 1007 points, unchanged from yesterday, hitting a record high in the cycle, up 271.59% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the domestic light rare earth market price has continued to be high, and the price rise of praseodymium neodymium series, the mainstream of rare earth market, is dominated. In terms of products:

It can be clearly seen from the product price trend chart that the prices of domestic metal neodymium, neodymium oxide, praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide have reached a ten-year high. As of the 24th, the price of neodymium oxide in rare earths in China was 1.23 million yuan / ton; The price of neodymium is 1.5 million yuan / ton; The price of praseodymium oxide is 1.09 million yuan / ton; The price of praseodymium neodymium oxide is 1.105 million yuan / ton; The price of praseodymium neodymium alloy is 1362500 yuan / ton; The price of metal praseodymium is 1.39 million yuan / ton, and the trend of domestic rare earth market remains high.

The domestic rare earth market price hit a ten-year high, mainly due to the widening gap between supply and demand, the continuous resumption of metal factories and the continuous increase of on-site demand. However, the separation enterprise is still in parking, so the contradiction between supply and demand continues to expand, the price trend in the yard continues to rise, coupled with strong downstream demand and insufficient supply, which is good for the domestic rare earth market. Due to the shortage of raw materials, increased demand, and the aggravation of the supply shortage of praseodymium and neodymium oxide and other mainstream products of some large upstream groups, the market is bullish. In addition, the demand for permanent magnet has increased significantly, the rapid development of new energy industry has driven the development of many industries, and the upstream material rare earth permanent magnet has also caught the “express train”. The sales of new energy vehicles are normal, the demand for rare earths is at a high level, and the price of rare earth oxides continues to rise. Rare earth metal factories are more cautious in purchasing without lock orders, and the market price of rare earths in the field continues to rise.

The national environmental protection supervision is still continuing. Rare earth is in the peak season of traditional demand. Superimposed on the launch expectations of relevant policies in the rare earth industry, supply and demand are expected to resonate with policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shipment willingness of cargo holders is low, the reluctance to sell and wait-and-see mood is strong, and the on-site price continues to rise. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in January 2022, China’s automobile production and sales reached 2.422 million and 2.531 million respectively, with a month on month decrease of 16.7% and 9.2% respectively, and a year-on-year increase of 1.4% and 0.9% respectively. The automobile production and sales showed a steady and small growth. Driven by the dual drive of market and policy, the demand market for vehicle specification semiconductors broke out in an all-round way, Recently, the demand in the field of new energy is relatively high, and the domestic light rare earth market price continues to rise. Driven by the demand for Nd-Fe-B, the price trend of domestic heavy rare earth market rose.

It can be seen from the trend chart that the domestic price of dysprosium is still rising. As of the 24th, the price of dysprosium oxide is 3.145 million yuan / ton, the price of dysprosium ferroalloy is 3.13 million yuan / ton, the price of metal dysprosium is 3.985 million yuan / ton, and the price of domestic terbium is rising. The price of domestic terbium oxide is 15.05 million yuan / ton, and the price of gold terbium is 19.2 million yuan / ton. The price trend of heavy rare earth is rising, the transaction market of domestic rare earth market is acceptable, and the leading magnetic material factory purchases actively, which makes the domestic heavy rare earth market price higher. Recently, some separation enterprises in the areas where medium and heavy rare earth mines are used such as Jiangxi, Hunan, Guangdong and Guangxi have stopped, and the tight supply has made the market price of heavy rare earth higher. In addition, the export of Myanmar is limited, which further aggravates the supply disturbance, The global supply of rare earths is relatively concentrated, and Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market. Recently, the on-site procurement has been positive, the stock mood is still there, and the price trend of heavy rare earth in the on-site has maintained a high trend.

In addition, with the support of national policies, the first batch of Rare Earth total amount control indicators in 2022 meet the expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earth is 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earth, which will be a long-term trend. In addition, the export volume of rare earth rose sharply in 2021, with a cumulative export of 107900 tons of rare earth throughout the year, a year-on-year increase of 38%. The rise of foreign demand led to the rise of the domestic rare earth market. On the whole, the demand for rare earth products increased, and the price trend of the domestic rare earth market continued to rise.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply is still tight and the inventory continues to decline. The recent on-site transaction market is good, and the supply enterprises will continue to restart in the later stage. Chen Ling, a business social analyst, predicts that the price increase of rare earth market in the later stage is limited.

According to the data monitoring of business society, as of February 22, 2022, the reference average price of 30% grade phosphorus ore in the mainstream areas of China is around 710 yuan / ton. Compared with February 1 (the ex factory price of phosphate rock is 700 yuan / ton), the average price increases by 10 yuan / ton, or 1.43%. Compared with January 1 (the ex factory price of phosphate rock is 690 yuan / ton), the average price increases by 20 yuan / ton, or 2.90%.

It can be seen from the data monitoring chart of business society that in early February, during the Spring Festival holiday, the trend of domestic phosphorus ore market was calm, the mine was shut down for vacation, the downstream was basically closed, and the on-site trading was quiet. In the first week after the return of the Spring Festival holiday, the domestic phosphorus ore market continued to operate steadily as a whole, and the mines resumed production one after another. The phosphorus ore market changed little, and the downstream demand digested the early inventory.

In late February, the domestic phosphorus ore market ushered in the first price increase of this month. The price adjustment areas mainly came from mining enterprises in Guizhou. In the late stage, the downstream demand for phosphate rock has gradually recovered, and the supply in the phosphate rock yard is still tight. On the 18th, some mining enterprises in Guizhou took the lead in raising the price of medium and high-end phosphate rock, of which the price increase of 30% phosphate rock freight plant is about 10-30 yuan / ton, and the price of 30% phosphate rock freight plant in Guizhou is about 650-700 yuan / ton, The market price of 28 grade phosphorus ore is basically the same as that before the festival, with reference to around 580-630 yuan / ton. At present, the overall high level of phosphorus ore market is dominated by good operation.

According to the business agency, the following is the current price of phosphate rock in some parts of China (for reference only)

product . Area Taste Price. remarks

Phosphate rock . Guizhou . 30% . 660-680 yuan / ton . Factory price

Phosphate rock Guizhou . 28% . 580-620 yuan / ton . Factory price

Ammonium phosphate ore Hubei 30% . 660-680 yuan / ton . Car board price

Phosphate rock . Guangxi 30% . 660-690 yuan / ton . Factory price

Phosphate rock Guangxi . 28% . 580-620 yuan / ton . Factory price

In terms of downstream yellow phosphorus, in February, the domestic yellow phosphorus market rose and operated as a whole. According to the monitoring data of business agency, as of February 21, the reference price of domestic yellow phosphorus was 33250 yuan / ton, an increase of 3.1% compared with the price on February 1 (32250 yuan / ton). Recently, the domestic yellow phosphorus market price has been stable. The overall market trading situation is acceptable, there are many downstream inquiries, mainly just need replenishment, and the transaction of new orders is limited. It is expected that the price of yellow phosphorus will mainly run at a high level in the short term.

Prediction and analysis of future trend of phosphate rock

Near March, the spring ploughing and sowing season is coming, and the downstream phosphate fertilizer of phosphate rock terminal will usher in the peak season. Driven by the downstream, the domestic phosphate ore market will continue to warm. Phosphate ore analysts of business society believe that in the short term, the domestic phosphate ore market will continue to operate at a high level and firmly, and more attention needs to be paid to the news changes of supply and demand.

According to the monitoring data of business agency: after the Lantern Festival, the hydrogen peroxide market rose and fell, with an overall increase of 0.43%. On February 14, the average price of hydrogen peroxide market was 770 yuan / ton. On February 22, the average price of hydrogen peroxide market was 773 yuan / ton, with a price increase of 0.43%.

After the festival, the supply and demand were unbalanced, and the hydrogen peroxide market rose and fell

After the Lantern Festival, the hydrogen peroxide market fluctuated. Due to the increase of terminal orders in Shandong, the hydrogen peroxide Market showed an oscillatory upward trend, and the mainstream quotation of hydrogen peroxide was 690-740 yuan / ton. Due to poor terminal demand, the market in Hebei fell for a time, rebounded after reaching the bottom, and the market fluctuated frequently. The mainstream quotation was 700 yuan / ton. The mainstream quotation of hydrogen peroxide in Anhui is relatively stable, lasting 950 yuan / ton.

The hydrogen peroxide Market of some domestic manufacturers on February 22 is as follows:

 Luxi Chemical hydrogen peroxide quoted 690 yuan / ton, up 30 yuan / ton at the beginning of the month; Hebei Zhengyuan hydrogen peroxide quoted 680 yuan / ton, up 30 yuan / ton from the beginning of the month; The quotation of hydrogen peroxide of Anhui Quansheng chemical is 950 yuan / ton, which is the same as that at the beginning of the month.

Business community hydrogen peroxide analyst Li Bing believes that the terminal demand is weak, and the future hydrogen peroxide price continues to be weak and downward.

Cobalt prices rose this week

According to the data monitoring of business agency, the domestic cobalt price rose sharply this week, and the cobalt market rose. As of February 21, the average price of cobalt was 542000 yuan / ton, up 2.32% from 529700 yuan / ton on February 14 at the beginning of last week. Sales of new energy vehicles exceeded expectations and domestic cobalt prices rose.

Rising international cobalt prices

As can be seen from the trend chart of LME cobalt price, the LME cobalt price rose sharply this week, and the international electrolytic cobalt price rose, which was good for the domestic cobalt Market and increased the rising power of the domestic cobalt market.

time . Category specifications minimum price . Rise and fall . The highest price Rise and fall . Company

February 4 Standard grade cobalt 34.3. 0 . thirty-four point eight . 0 . USD / lb

February 4 Alloy grade cobalt . 34.3. 0 . thirty-four point eight . 0 . USD / lb

February 7 Standard grade cobalt . thirty-four point three . 0 . 34.8. 0 . USD / lb

February 7 Alloy grade cobalt . thirty-four point three . 0 . thirty-four point eight . 0 . USD / lb

February 8 Standard grade cobalt . 34.4. 0.1. 34.8. 0 . USD / lb

February 8 Alloy grade cobalt . 34.4. zero point one . 34.8. 0 USD / lb

February 9th . Standard grade cobalt 34.4. 0 . thirty-four point eight . 0 USD / lb

February 9th . Alloy grade cobalt . thirty-four point four . 0 . 34.8. 0 USD / lb

February 10th . Standard grade cobalt . 34.5. zero point one . thirty-five . zero point two . USD / lb

February 10th . Alloy grade cobalt . 34.5. 0.1. thirty-five . zero point two . USD / lb

February 11th . Standard grade cobalt . 34.5. 0 . thirty-five 0 . USD / lb

February 11th . Alloy grade cobalt . 34.5. 0 . thirty-five . 0 . USD / lb

February 14th . Standard grade cobalt . 34.6. 0.1. 35.1. zero point one . USD / lb

February 14th . Alloy grade cobalt . 34.6. zero point one . 35.1. zero point one . USD / lb

February 15th . Standard grade cobalt . 34.7. zero point one . 35.1. 0 USD / lb

February 15 Alloy grade cobalt 34.7. 0.1. 35.1. 0 . USD / lb

February 16 Standard grade cobalt 34.75. 0.05. 35.1. 0 . USD / lb

February 16th . Alloy grade cobalt . thirty-four point seven five . zero point zero five . thirty-five point one . 0 . USD / lb

February 17th . Standard grade cobalt . 34.75. 0 . thirty-five point one . 0 . USD / lb

February 17 Alloy grade cobalt 34.75. 0 thirty-five point one . 0 . USD / lb

February 18th . Standard grade cobalt . 34.95. zero point two . thirty-five point three . zero point two . USD / lb

February 18th . Alloy grade cobalt . 34.95. zero point two . thirty-five point three . 0.2. USD / lb

As can be seen from the price list of MB cobalt, the price of MB cobalt resumed rising this week, and the price of international electrolytic cobalt rose, which was good for the domestic cobalt Market and increased the rising power of the domestic cobalt market.

Sales of new energy vehicles exceeded expectations

From past experience, January is usually the off-season for the sales of new energy vehicles, and the consumption of new energy vehicles is expected to decline significantly due to the decline of subsidies in January 2022. According to the economic operation data of automobile industry in January 2022 released by China Automobile Association, in January, China’s production and sales of new energy vehicles completed 452000 and 431000 respectively, with a year-on-year increase of 1.3 times and 1.4 times respectively. The sales of new energy vehicles exceeded expectations, the demand of cobalt market increased, and the rise of cobalt price supported greatly.

Market Overview

Bai Jiaxin, a data analyst at business news agency, believes that the off-season of new energy vehicles is not light, the rising demand of cobalt Market stimulates the sharp rise of domestic cobalt price, and the sharp rise of international cobalt price is good for the domestic cobalt market. In the future, the demand growth of cobalt market exceeded expectations, the support for the rise of cobalt price increased, and the shock rise of cobalt price in the future.

1、 Price trend

According to the monitoring data of business agency, the price of caustic soda rose this week. At the beginning of the week, the average price of Shandong market was 1092.5 yuan / ton, and at the weekend, the average price of Shandong market was about 1130 yuan / ton, with a price increase of 3.43% and 139.15% compared with the same period last year. On February 17, the caustic soda commodity index was 160.07, up 1.8 points from yesterday, down 39.70% from the highest point 265.47 in the cycle (2021-10-27), and up 145.85% from the lowest point 65.11 on October 9, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

Caustic soda prices rose this week. At present, the average market price in Shandong is about 1050-1150 yuan / ton. The mainstream ex factory quotation of 32% liquid alkali in Hebei is about 1150-1250 yuan / ton. This is mainly due to the maintenance of the main caustic soda plant, the reduction of inventory and the positive downstream demand.

According to the price monitoring of the business society, in the price rise and fall list of chlor alkali industry in the 6th week of 2022 (2.7-2.11), there were 3 kinds of commodities rising, 2 kinds falling and 0 kinds rising or falling. The main commodities rising are: caustic soda (10.08%), light soda ash (5.06%), PVC (3.84%); The main commodities falling were hydrochloric acid (- 11.36%) and calcium carbide (- 1.98%). The average rise and fall this week was 1.13%.

Business analysts believe that recently, the inventory of caustic soda manufacturers has decreased, the demand of downstream alumina enterprises is positive, and the price of caustic soda for downstream alumina has increased. It is comprehensively expected that the subsequent good operation of caustic soda is mainly based on the demand of downstream market.