1、 Market price trend

Under the influence of the supply-demand game, the price of acrylic acid in the market shows a trend of strong oscillation. Specifically manifested as:

1. Price fluctuations: The price of acrylic acid in the market exhibits a fluctuating pattern of ups and downs at different time periods. This price fluctuation reflects the complex changes in the market under the influence of various factors such as supply and demand, raw material costs, production capacity and supply and demand, as well as policies and regulations.

2. Overall trend: Despite fluctuations in market prices, the overall trend is stable with an upward trend. As of February 11th, the benchmark price of acrylic acid in Shengyi Society was 7737.50 yuan/ton, an increase of 0.16% compared to the beginning of this month (7725.00 yuan/ton).

2、 Market supply and demand situation

1. Supply side:

In the short term, some maintenance units have plans to restart next week, and the expected supply on site is expected to increase narrowly compared to the current situation. It is expected that the capacity utilization rate will increase narrowly, and the short-term spot supply will still be tight.

2. Demand side:

At present, with the price of acrylic acid rising to a high level, downstream end users are mainly digesting contracts. However, the sustained high volatility of prices has forced some downstream companies to enter the market to replenish, and with some terminal factories reducing load or stopping operations, it is not ruled out that there may be the possibility of early stocking. The demand side is cautiously optimistic.

3、 Future prospects

1. Increased market competition: With the expansion of production capacity in the acrylic acid industry, market competition will become even more intense. Enterprises need to improve their market competitiveness through technological innovation, product structure adjustment, and other means.

2. Increased environmental requirements: With the increasing global emphasis on environmental protection and sustainable development, environmental requirements will become an important limiting factor for the development of the acrylic acid industry. Enterprises need to adopt environmentally friendly materials, optimize production processes, and other measures to reduce environmental pollution during the production process.

3. Industry chain collaboration: The collaboration and integration between upstream and downstream enterprises in the acrylic acid industry chain will be strengthened to enhance the competitiveness and profitability of the entire industry chain.

In summary, under the game of supply and demand, the acrylic acid market has shown a trend of strong oscillation in recent times. In the future, the acrylic acid industry will continue to maintain its growth trend, but market competition will also become more intense. Enterprises need to closely monitor market trends and actively respond to challenges posed by market competition and environmental requirements in order to achieve healthier and more sustainable development.

1、 Price trend

Taking the sulfuric acid method for producing pyrite type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the focus of the domestic titanium dioxide market shifted upwards in early February. On February 1st, the average price of titanium dioxide was 14900 yuan/ton, and on February 10th, the average price of titanium dioxide was 15080 yuan/ton, with a price reduction of 1.21%.

2、 Market analysis

In early February, the domestic titanium dioxide market shifted its focus upwards. Returning after the holiday, the titanium dioxide market continues its upward trend from before the year, and downstream markets have not fully recovered. Titanium dioxide companies have gradually raised prices, and the market’s new prices remain firm. There is a wait-and-see sentiment in the market. As of now, a total of 22 companies in the factory have sent letters to adjust prices. Domestic sulfuric acid method for pyrite type titanium dioxide is often quoted between 14000-15700 yuan/ton; The quotation for rutile titanium dioxide is around 13000-13200 yuan/ton. The actual transaction price is negotiable on a case by case basis..

In terms of titanium concentrate, the price of raw materials rose in early February. The price of new orders in the titanium ore market is high, and the supply of low-priced goods is gradually decreasing. At present, downstream titanium dioxide factories have stable production, and enterprises mainly consume inventory first. Inquiries are relatively average, and the market is mostly wait-and-see. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 2050-2150 yuan/ton, the price of 47,20 titanium ore is between 2100-2200 yuan/ton, and the price of 38 titanium ore excluding tax is between 1450-1500 yuan/ton; It is expected that the overall supply of mainstream titanium ore in the Panxi region will remain tight in the short term, and the market is expected to have an upward trend.

3、 Future forecast

Business Society’s titanium dioxide analyst believes that in early February, the titanium dioxide market continued its upward trend from before the year, and the confidence in the titanium dioxide market was good. The price increase for new orders has basically landed. The price of raw material titanium concentrate has increased, and the price of sulfuric acid has risen, providing strong cost support. It is expected that the titanium dioxide market may continue to rise in the short term, and the actual transaction price is negotiable.

This week (2.1-2.8), the nickel market continued to fluctuate at a low level, and the upward trend of nickel prices continued after the holiday. According to the monitoring of nickel prices by Shengyi Society, on February 8th, spot nickel was reported at 128700 yuan/ton, with a weekly increase of 3.36%.

Macro level: The game between China and the United States has increased, and China has imposed 10% -15% tariffs on some US goods. The United States has postponed the imposition of import tariffs on goods from Mexico and Canada, easing concerns about tariffs and boosting the weak US dollar, leading to a continued rise in nickel prices.

Supply side: The Philippine Senate has approved the ban on raw ore exports. If the bill is officially implemented, the Philippines may ban nickel ore exports in five years, causing market concerns to ferment.

The surplus of pure nickel continues, and domestic and foreign inventories continue to accumulate. On February 7th, the inventory of Shanghai nickel warehouse receipts was 29465 tons, an increase of 1199 tons during the week; On February 7th, LME nickel inventory was 175710 tons, an increase of 3408 tons for the week.

Demand side: The atmosphere of the Spring Festival has not yet ended, and downstream work is gradually resuming, so the market activity is slightly lacking. After the holiday, the price of stainless steel slightly increased, and stainless steel continued to accumulate inventory, causing the market to fluctuate at a low level.

Market forecast: Macro and emotional factors continue to affect price trends, and post holiday market trading heat also needs to improve. Supply surplus and inventory pressure are expected, and nickel prices are expected to fluctuate in the low range.

According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has slightly decreased after the holiday. As of February 6th, the domestic price of battery grade lithium carbonate is 79200 yuan/ton, a decrease of 0.73% from 79780 yuan/ton before the holiday. The price of industrial grade lithium carbonate is 78200 yuan/ton, a decrease of 0.52% from 76600 yuan/ton before the holiday. After the Spring Festival, the enthusiasm for purchasing and inquiring in the spot trading market has cooled down, and the pre holiday purchasing frenzy has overdrawn short-term demand after the holiday.

From the downstream demand side, the production of positive electrode material factories within the festival is relatively stable, driving the demand for replenishment of materials and lithium salts after the festival.

Due to the resumption of production in the mining salt sector of a leading enterprise, it provides a strong supplement to the domestic production of lithium carbonate and also supports the customer supply level of some material factories. Under this influence, most companies are currently adopting a wait-and-see attitude and making few purchases.

In terms of imports, Chile exported 25600 tons of lithium carbonate in January, an increase of 27.5% compared to the previous month. Among them, 19100 tons were exported to China, an increase of 43% compared to the previous period. Considering its shipping cycle, it is expected to arrive at Chinese ports in February or March.

From the supply side perspective, most lithium carbonate smelting enterprises collectively maintained normal production during the Spring Festival, but there are still 10 enterprises planning maintenance, mainly concentrated in Sichuan, Jiangxi, Hebei, Guangdong and other places. The overall market supply is sufficient.

The data analyst of Business Society’s lithium carbonate believes that the weak price trend during the Spring Festival period is normal due to the dual impact of maintenance and demand, and there will not be significant fluctuations in the short term in the future. Specific changes in market supply and demand still need to be monitored.

After the Spring Festival, the domestic epoxy propane market experienced a weak decline. According to the Commodity Market Analysis System of Shengyi Society, as of February 5th, the benchmark price of Shengyi Society’s epoxy propane was 8050.00 yuan/ton, a decrease of -0.62% compared to the beginning of this month (8100.00 yuan/ton).

Price influencing factors:

Supply side: The production of epichlorohydrin has increased, and some factories are facing inventory pressure, resulting in a slight decrease in prices.

Raw material end: The market for liquid chloropropene on the raw material end is temporarily stable. According to the market analysis system of Shengyi Society, as of February 4th, the benchmark price of propylene in Shengyi Society was 6798.25 yuan/ton, a decrease of -0.37% compared to the beginning of this month (6823.25 yuan/ton).

Downstream demand side: After the holiday, downstream urgent replenishment is the main focus, with limited new orders and sluggish actual market transactions. It is expected that there will be no significant improvement in the demand for epichlorohydrin in the near future.

Market forecast:

Business Society’s epoxy propane analyst believes that with the restart and recovery of enterprise equipment, epoxy propane production has increased, and some factories are under pressure from inventory. Downstream demand side procurement is cautious and lacks follow-up, and there is a strong wait-and-see mentality. It is expected that the epoxy propane market will mainly consolidate weakly, and more attention should be paid to market news guidance.