According to the commodity market analysis system of Shengyishe, the price of styrene in Shandong was 9530.00 yuan/ton on May 1st, and 9683.33 yuan/ton on May 30th, with a monthly increase of 1.61%. The lowest point in the price market occurred on May 15th at 9683.33 yuan/ton, and the current price has increased by 24.17% year-on-year.

 

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styrene

 

In May, the market price of styrene first fell and then rose. From the above chart, it can be seen that the price of styrene has mainly fluctuated and increased in the past three months, with the increase in this month’s market being greater than the decrease. The reason for the decline in the first half of the year was due to increased supply expectations, poor spot demand, weak styrene transactions, and a slight decline in the market. The main reason for the increase in mid to late October is the high international oil prices, a slight increase in the pure benzene market, good cost support, and a continuous decline in styrene port inventory. Production enterprises have followed up with the increase, and the market replenishment transactions are active. The styrene market is dominated by behavior.

 

Cost side

 

In May, pure benzene continued to rise overall, with prices reaching high levels. At present, the inventory of pure benzene in the port has increased to 58000 tons, but it is still at a low level in the same period of five years. The demand side in the East China market is actively stocking up, and spot traders are buying up and entering the market. Most refineries in Shandong continue to raise their prices. After the price increase, market buying continued and transactions were better. As of May 30th, the mainstream spot price of pure benzene in the Shandong market is 9063 yuan/ton. The high market price of pure benzene can provide certain cost support for styrene.

 

Supply side

 

In May, there were many inspections of the styrene plant. On the 15th, the 360000 ton/year styrene plant of Dushanzi Petrochemical was shut down for maintenance. On the 20th, the 620000 ton/year styrene plant of Zhenhai Liande was shut down for maintenance. The inventory of styrene at the port remained low, and domestic supply remained at a relatively low level, which was beneficial for the styrene market. Under the current profit situation, production enterprises have limited enthusiasm for starting work, and it is expected that there will be little supply pressure in June, with a slight increase in output compared to the previous month.

 

Demand side

 

In May, the three major downstream markets of styrene saw one rise and two falls. EPS rose, downstream demand in the north recovered well, demand for home appliance packaging increased, inventory rapidly decreased, and the market slightly rose. Domestic ABS prices are weak. From a fundamental perspective, The center of gravity of the upstream three materials of ABS is falling, which weakens the support for the cost end of ABS. The construction of ABS polymerization plant has significantly increased, and supply pressure is gradually increasing. On the demand side, the demand for goods is weak, and the support for spot goods is not good. In summary, it is expected that the ABS market may experience a weak downward trend in the short term. The overall production of PS has increased, and the market supply is sufficient, The PS market transactions are weak, and merchants are offering discounts to sell. It is expected that the short-term PS price will mainly fluctuate weakly.

 

According to the styrene data analyst from Business Society, the current styrene port inventory is not high, downstream production is slowly recovering, and the supply and demand of pure benzene on the cost side are decreasing. There is still some room for improvement in the market, and Business Society analysts expect a slight increase in the styrene market.

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Price trend

 

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According to the Commodity Market Analysis System of Business Society, the prices of BOPET in the market have slowly declined this month. As of May 29th, the mainstream quoted price for 12 μ m BOPET printing film by domestic manufacturers and traders is around 7833 yuan/ton, a decrease of about 1.26% from the beginning of the month. The highest price point appeared in the first half of the month at 7933.33 yuan/ton, and the lowest point appeared in the second half of the month at about 7833.33 yuan/ton.

 

quotations analysis

 

In terms of raw materials, the price of PET raw material fell first and then rose this month. The mainstream quoted price for water bottle grade PET by domestic manufacturers and traders is around 7216.00 yuan/ton, a decrease of 1.39% compared to the beginning of this month (7318.00 yuan/ton). The price of raw PET fluctuated strongly this month, with significant support from the cost side.

 

On the supply side, the operating load rate of membrane enterprises has rebounded after the holiday, about 66%, and there is still inventory pressure on the supply side.

 

In terms of demand: The film industry is in the off-season, downstream demand is flat, procurement enthusiasm is not high, transactions are weak, and most of them are just for replenishment, with poor support for terminal demand.

 

Future Market Forecast

Entering the off-season in May, market demand releases limited inventory, and orders are mainly for immediate stock preparation. There is a possibility of fluctuating and rising costs on the cost side, and it is expected that BOPET film prices may slightly follow suit in the near future.

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Price trend

 

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According to the Commodity Market Analysis System of Shengyishe, the market for vinyl acetate was weak and declined in May. As of May 28th, the average market price of vinyl acetate was 6512 yuan/ton, and on May 1st, the average market price of vinyl acetate was 6625 yuan/ton, a decrease of 1.7% compared to the beginning of the month.

 

In terms of cost

 

Calcium carbide: Domestic calcium carbide prices have slightly decreased this week. On May 28th, the price of calcium carbide was 2833 yuan/ton, and on May 1st, the price of calcium carbide was 2883 yuan/ton, a decrease of 1.7% from the beginning of the month. In the first half of this month, international crude oil prices fluctuated and fell, and the calcium carbide market entered a stage of inventory consumption. Supply continued to weaken, and the calcium carbide market declined. In the mid period, there has been an increase in equipment maintenance for calcium carbide enterprises, with a significant contraction in supply. The overall market performance is characterized by tight supply, and the calcium carbide market has slightly rebounded. There is no significant change in downstream demand, and we are following up on the pace of demand. The calcium carbide market is stable in the second half of the year.

 

Acetic acid: The domestic price of acetic acid rose first and then fell this month. On May 28th, the price of acetic acid was 3150 yuan/ton, and on May 1st, the price of acetic acid was 3250 yuan/ton, a decrease of 3.07% from the beginning of the month. In the first half of the month, the supply and demand of acetic acid were strong, inventory continued to decline, and prices remained strong, with a mid month increase of 4.49%. However, as downstream acetic acid companies resisted high prices, the market price of acetic acid gradually fell in the second half of the month.

 

In terms of demand

 

The operating rate of domestic EVA production enterprises has decreased, and petrochemical enterprises such as Yuneng Chemical, Tianli High tech, Sinochem Quanzhou, Formosa Plastics Ningbo, and Zhongke Refining and Chemical are planning to shut down for maintenance. PVC undergoes periodic centralized maintenance, resulting in a significant decrease in demand.

 

Future Market Forecast

 

Overall, vinyl acetate has continued to decline, but there is still no clear turning point. Cost support has weakened, and demand side performance has remained weak. At present, the market situation is average, with downstream demand for goods being the main focus. The enthusiasm for purchasing goods has slowed down compared to the previous period, and the market atmosphere is weak. It is expected that vinyl acetate may remain stagnant in the short term.

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This Thursday, the titanium chloride market operated steadily. According to the monitoring system of Shengyishe, as of May 24th, the benchmark price of titanium tetrachloride in Shengyishe was 10675.00 yuan/ton, a decrease of -1.39% compared to the beginning of this month (10825.00 yuan/ton).

 

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Raw material side: The price of titanium concentrate is running at a high level, which puts pressure on the cost of high titanium slag enterprises. In addition, with the increase in electricity prices in Liaoning region, most production enterprises are losing money, and the market price of high titanium slag is under pressure and rising.

 

The downstream titanium dioxide market prices are weak and weak, and the current market trading situation is average.

 

Business Society’s titanium tetrachloride analyst believes that the high cost side of titanium tetrachloride is under pressure, and downstream titanium dioxide market prices are weak and weak, resulting in a cold trading atmosphere in the market. Recently, the titanium tetrachloride market has been mainly operating steadily.

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The volatility of the plasticizer sector has narrowed this week

 

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According to the Commodity Market Analysis System of Shengyishe, the plasticizer sector was at 801 points on May 23, unchanged from yesterday and up 18 points or 2.30% from the plasticizer sector index of 783 points on May 1; The plasticizer sector index increased by 6 points, or 0.75%, compared to 795 points on May 17th. This week, the index of the plasticizer sector has slightly increased, and the index of the plasticizer sector has slightly narrowed.

 

According to the commodity market analysis system of Shengyishe, the plasticizer sector saw a full increase in products this week, but the main plasticizer products saw a slight narrowing in their upward trend. The downward pressure on the plasticizer sector increased this week.

 

This week, plasticizer products saw a slight increase

 

According to the Commodity Market Analysis System of Business Society, the increase in plasticizer products has narrowed this week. As of May 24th, The price of DOP is 10012.50 yuan/ton, an increase of 0.63% compared to the price of 9950 yuan/ton on May 17th; On May 24th, the price of DOTP was 10112.50 yuan/ton, an increase of 1.25% compared to the price of 9987.50 yuan/ton on May 17th; On May 24th, the DBP price was 9583.33 yuan/ton, an increase of 0.88% from the DBP price of 9500 yuan/ton on May 17th. Plasticizer enterprises operate at high operating rates, resulting in increased supply. Cost support has weakened, prices of plasticizer products have narrowed, supply of plasticizers has increased, macroeconomic policies have stimulated, and demand for plasticizers is expected to rebound. Overall, there is still support for the rise in plasticizer prices.

 

The price increase of isooctanol has narrowed this week

 

According to the Commodity Market Analysis System of Shengyishe, as of May 24th, the price of isooctanol was 9810 yuan/ton, a slight increase of 0.10% compared to the price of isooctanol on May 17th, which was 9800 yuan/ton. The price increase of octanol products has narrowed this week. Since hitting bottom in mid April, the focus of the domestic octanol market has slowly shifted upwards in weekly transactions. From the demand side, the rotating maintenance of downstream plasticizers and isooctyl acrylate units in May resulted in low sustainability of buying, and a narrower range of octanol fluctuations. The octanol market lacks continuous upward momentum, and octanol prices fluctuate and consolidate.

 

The price of n-butanol has fallen this week

 

According to the analysis system of n-butanol commodity market by Business Society, as of May 24th, the quoted price of n-butanol was 8033.33 yuan/ton, a slight decrease of 1.23% compared to the price of n-butanol on May 17th, which was 8133.33 yuan/ton. The overall production capacity utilization rate of n-butanol has not changed much, and the overall supply side of the market remains stable. The trading atmosphere in the n-butanol market has weakened, and the shipping pace of the main n-butanol factories has slowed down. The downstream demand for n-butanol is average, and the overall selling price is somewhat lacking compared to the previous period. The price of n-butanol has slightly decreased.

 

The price of phthalic anhydride has increased this week

 

According to the market analysis system for phthalic anhydride products by Business Society, as of May 24th, the quoted price for phthalic anhydride was 8187.50 yuan/ton, an increase of 2.99% compared to the price of 7950 yuan/ton on May 17th. The price of raw material ortho benzene has increased, and the cost of phthalic anhydride has increased; The concentrated maintenance of the phthalic anhydride unit has resulted in a daily production capacity utilization rate of 59%, reduced supply, supporting an increase in phthalic anhydride prices, and a slight increase in the cost line of plasticizer DOP.

Expected decrease in downstream demand

 

Affected by the increase in planned maintenance enterprises, The production of PVC has decreased. The operating rate of downstream product enterprises is around 50%, unchanged on a month on month basis and decreasing year-on-year. In the short term, the supply of fundamentals has decreased due to maintenance, while domestic and international demand remains weak, especially in the export market, making it more difficult to accept orders, The supply and demand of PVC market are weak; In the medium to long term, The policy stimulus in the PVC market to reduce inventory and quantify inventory is difficult to bring benefits to new construction projects. Real estate transactions have boosted demand in the building materials market, and spot fundamentals are cautious and cautious. There is not much planned maintenance in June, and new production capacity is planned to be put into operation, resulting in increased supply and poor demand performance, which has a certain drag on the market. The supply and demand in foreign markets are weak due to maintenance and off-season constraints. Overall, The supply and demand of PVC and downstream markets are weak, and the demand for plasticizers remains weak.

 

Future expectations

 

Business Society plasticizer product data analysts believe that the upward trend of the plasticizer market has narrowed this week. In terms of production, plasticizer manufacturers have slightly decreased their production, while upstream isooctanol manufacturers and downstream PVC product enterprises of plasticizers have experienced varying degrees of maintenance and production decline. In terms of supply and demand, the production of plasticizer industry chain manufacturers has decreased, and the overall supply of plasticizer sector is tight; Downstream production has decreased, and downstream demand for plasticizers is expected to decrease. In the future, both supply and demand are weak, and the upward trend of the plasticizer sector is slowing down. With the completion of enterprise maintenance, the support for the increase in raw material prices is limited, and downstream demand is decreasing and supply is sufficient. In the future, the plasticizer sector is consolidating and the downward pressure is increasing.

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According to the Commodity Market Analysis System of Business Society, as of May 23, 2024, the reference price for domestic butanone market was 8916 yuan/ton. Compared with May 19, 2024 (reference price for butanone was 8816 yuan/ton), the price increased by 100 yuan/ton, an increase of 1.13%.

 

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From the commodity market analysis system of Shengyishe, it can be seen that this week (5.19-5.23), the overall domestic butanone market showed an upward trend. During the week, the overall market price of butanone continued to approach a high level. As of May 23, the domestic butanone market price reference was around 8800-9150 yuan/ton, with an increase of 100-150 yuan/ton during the week.

 

Analysis of Factors Influencing the Market of Butanone

 

In terms of demand: Currently, the downstream demand side of butanone is performing steadily. With the arrival of summer, the terminal market of butanone continues to recover, and the overall transmission performance of the demand side is good. The demand side effectively supports the high-level operation of the butanone market.

 

In terms of supply: Currently, the overall supply of butanone in the market is still tight, and the pressure on butanone factories to ship is relatively small. With the support of the supply side, the overall price of butanone in the market has been positively adjusted upwards.

 

Market analysis of butanone

 

At present, the trading atmosphere on the butanone exchange is mild, and the overall supply and demand transmission of butanone is good. The mentality of the industry is good. The butanone data analyst of Business Society believes that in the short term, the domestic butanone market will mainly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.

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1、 Price trend

 

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According to the Commodity Market Analysis System of Business Society, the reference average price of 55% powdered ammonium on May 21st was 3016 yuan/ton, which is 2853 yuan/ton higher than the reference average price of 55% powdered ammonium on May 1st. The market price of ammonium phosphate has increased by 5.72%.

 

According to the Commodity Market Analysis System of Business Society, the reference average price of 64% diammonium phosphate in the market on May 21st was 3883 yuan/ton, which is 0.34% lower than the reference average price of 64% diammonium phosphate on May 1st, which was 3896 yuan/ton.

 

2、 Market analysis

 

domestic market

 

On May 21st, the domestic offer of monoammonium phosphate was as follows:

 

Region/ offer

Hubei region/ (55% powder) 2950-3050 yuan/ton

Henan region/ (55% powder) 3000-3100 yuan/ton

Anhui region/ (55% powder) 3000-3100 yuan/ton

On May 21st, the domestic quotation of diammonium phosphate was as follows:

 

Region/ offer

Hubei region (64% particles)/ 3600-3800 yuan/ton

Shandong region (64% particles)/ 3820-4050 yuan/ton

Shandong region (57% brown)/ 3470-3550 yuan/ton

In terms of cost

 

Market for raw material phosphate rock. After the May Day holiday, the demand for phosphate ore in the terminal market has improved, and the overall pace of phosphate ore shipments has been boosted. The overall supply and demand in the market have changed. Some mining areas have a tight supply of phosphate ore, and have started to raise the prices of mid to high end phosphate ore by about 20 yuan/ton. Subsequently, the overall high level consolidation operation of the phosphate ore market is expected, and the price of phosphate ore is expected to remain strong in the future. As of May 21st, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton.

 

In terms of supply and demand

 

After the May Day holiday, the demand for ammonium phosphate in the market began to increase, and the trading atmosphere improved. The price of ammonium phosphate continued to rise. Most manufacturers suspend or restrict orders, resulting in a large volume of pending orders. Dealers are facing tight supply and are actively increasing their quotations. Although the operating rate has increased, the market supply is still tight. Compared to monoammonium, the domestic demand for diammonium phosphate is relatively weak, and the market situation is stable with minor fluctuations, with the main focus on exports. Supported by strong demand, it is expected that the demand for monoammonium will continue in the future, and the demand for diammonium corn fertilizer also needs to be improved.

 

export market

 

In recent years, China has implemented fertilizer inspection policies to restrict the export of phosphate fertilizers, resulting in a significant decrease in the export volume of phosphate fertilizers. The decline in phosphorus fertilizer production, coupled with the peak season of domestic demand in spring. Therefore, in the first quarter of 2024, China’s phosphorus fertilizer exports showed a significant downward trend. With the announcement of China’s new phosphorus fertilizer export quotas in 2024, from March 15, 2024 to April 30, 2025, the amount of diammonium phosphate (DAP) is about 5 million tons and the amount of monoammonium phosphate (MAP) is about 2 million tons. The export volume of phosphate fertilizer began to improve and increase in April. It is expected that the export situation will remain optimistic in May.

According to Chinese customs statistics, from January to April 2024, China exported a total of 310000 tons of ammonium phosphate, worth 168 million US dollars, a cumulative decrease of 53.8% compared to the same period last year; The amount decreased by 63.0%. The export quantity of ammonium phosphate in April was 210000 tons (0 tons in March), with a value of 109 million US dollars, an increase of 54.8% compared to the same period last year.

 

Major exporting countries of monoammonium phosphate in April 2024

 

Exporting countries/ Quantity (tons)/ Amount (USD)

Argentina/ 51000./25205000

India/ 48240./25116720

Brazil 43100./20350000

According to Chinese customs statistics, from January to April 2024, China exported 540000 tons of diammonium phosphate, with a total amount of 306 million US dollars, a cumulative decrease of 44.0% compared to the same period last year; The amount decreased by 51.0%. The export volume of diammonium phosphate in April was 400000 tons (30000 tons in March), with a value of 223 million US dollars, an increase of 20.2% compared to the same period last year.

 

Major exporting countries of diammonium phosphate in April 2024

 

Exporting countries/ Quantity (tons)/ Amount (USD)

Thailand/ 79996./45202955

Vietnam 68550./37622594

Pakistan/ 65486./36898847

3、 Future Market Forecast

 

According to analysts from Business Society, the demand for ammonium phosphate in the market has significantly increased, and the market continues to rise. Cost support, supply constraints, and improved export market conditions. It is expected that the short-term market for monoammonium will continue to remain strong and rise, and the demand for summer fertilizer for diammonium is also worth looking forward to.

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According to the commodity market analysis system of Business Society, the 1 # electrolytic manganese market rose this week (May 13th to May 20th), and the market price in East China was at 14500 yuan/ton on May 20th, up 0.69%.

 

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In terms of manganese ore: This week, the Tianjin Port manganese ore market has been consolidating and operating, with slightly chaotic transaction prices. There are some lower prices for shipments in the market. In terms of prices, South African semi carbonates are quoted at 52-54 yuan/ton, Gabon is quoted at 60-61 yuan/ton, and Australia is quoted at 62-63 yuan/ton. However, some miners are bullish and still maintain high prices. This week, the trading volume of Qinzhou Port manganese ore has decreased, and factories have significantly lowered prices. Traders have maintained consolidation in their offers, but actual transaction prices have slightly fallen. The quotation for semi carbonated carbon at Qinzhou Port is 53 yuan/ton, the transaction price for Australian seeds is 56 yuan/ton, and the quotation for Australian blocks is 60 yuan/ton.

 

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the weekly and monthly electrolytic manganese K-bar charts above, it can be seen that the trend of the electrolytic manganese market has been relatively stable recently, and the market has started to rise since May.

 

Macro: The US non farm payroll data in April fell short of expectations, and the softening of consumer prices in April boosted market expectations. The Federal Reserve will start cutting interest rates in September this year, with two cuts throughout the year, and the market has regained its expectation of a rate cut. The number of initial jobless claims in the United States announced on Thursday exceeded expectations and rebounded, reaching a new high since August 2023. The US dollar index closed last Friday with a weekly decline of 0.79%. The US dollar weakened, and the non-ferrous metal sector rebounded.

 

This week, the electrolytic manganese market only saw a slight increase, which has slowed down compared to the previous period. Currently, the mainstream market price is between 12900-13000 yuan/ton, an increase of 100 yuan/ton compared to last week. With the slowdown of market growth, the market atmosphere is weak. Due to the significant increase in prices in the previous period, the overall downstream purchasing intention is relatively low, and the market negotiation situation is weak. The purchasing party holds a wait-and-see attitude. In the future, there is a lack of downstream support, and it is expected that the market will continue to face significant upward resistance in the short term, with a stable, medium to strong trend. The market is waiting for a new round of steel bidding price guidance.

 

Related data:

 

This week, the silicon and manganese market has been volatile, showing a trend of first rising and then falling, with market sentiment slightly falling. Due to the significant decline in silicon and manganese market this week, steel mills also have a fear of heights, and manufacturers are actively shipping higher. In order to avoid the risk of inventory accumulation, there is no outflow of low-priced goods, and manufacturers are cautious. According to the data from the Commodity Market Analysis System of Business Society, on May 17th, the market price of silicon manganese in Ningxia region (specification FeMN68Si18) was around 7900-8000 yuan/ton, with an average market price of 7958 yuan/ton, a decrease of 4.34% from last week.

 

Steel recruitment situation:

 

The new round of electrolytic metal manganese bidding for Fushun Special Steel has been launched, with a quantity of 130 tons. The quotation is as of May 16, 2024, and the delivery date is June 16, 2024.

Ansteel Lianzhong started the bidding for electrolytic manganese sheets in June 2024, with a bidding quantity of 1500 tons. The minimum bidding quantity for this bidding is 300 tons, and the delivery date is June 25, 2024.

 

Jiangsu Shagang started the bidding for metal manganese ingots from May to June 2024. The bidding deadline is May 13, 2024, and the delivery date is required to be before June 30, 2024.

 

Industry data:

 

On May 19th, the base metal index was 1359 points, unchanged from yesterday, a decrease of 15.90% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 111.68% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

 

On May 19th, the non-ferrous index was 1242 points, unchanged from yesterday, a decrease of 19.25% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 104.61% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

 

According to the price monitoring of Business Society, in the 20th week of 2024 (5.13-5.17), there were a total of 12 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. Among them, there were 4 commodities with an increase of more than 5%, accounting for 16% of the monitored commodities in this sector; The top three commodities with the highest increase are antimony (12.80%), tin (5.35%), and aluminum oxide (5.07%). There are a total of 8 products with a month on month decline, and the top 3 products with a decline are dysprosium oxide (-4.20%), praseodymium neodymium oxide (-1.83%), and dysprosium iron alloy (-1.69%). The average increase and decrease this week is 1.23%.

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1、 Price trend

 

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According to the Commodity Market Analysis System of Shengyishe, as of May 17th, the average price of refrigerant R22 was 25666.67 yuan/ton, an increase of 3.36% from the beginning of the month price of 24833.33 yuan/ton, and an increase of 25.2% compared to the same period last year.

 

According to the Commodity Market Analysis System of Business Society, as of May 17th, the average price of refrigerant R134a was 30933.33 yuan/ton, a decrease of 0.22% from the beginning of the month’s price of 31000.00 yuan/ton, and an increase of 22.91% compared to the same period last year.

 

2、 Market analysis

 

Entering mid May, the upward trend of upstream raw material prices has slowed down, while hydrofluoric acid prices have remained stable this week. Chloroform prices have risen by 0.73% this week, and the overall cost of raw materials continues to increase. At the same time, with the support of downstream demand for R22, manufacturers maintain a price mentality, and some enterprises have slightly increased their factory prices, driving the domestic R22 market prices to continue to rise at a high level.

 

Entering mid May, the overall prices of upstream raw materials remained stable and continued to move forward. The procurement of downstream trading entities slowed down. In order to stimulate shipments, some enterprises slightly lowered their factory prices, driving domestic R134a prices to fluctuate slightly.

 

In terms of raw materials, the overall price of hydrofluoric acid in China is currently at a high level, and the sustained high cost of raw materials will provide strong support for the future domestic refrigerant prices.

 

3、 Future Market Forecast

 

According to refrigerant analysts from Business Society, with the dual support of cost and demand, it is expected that the prices of domestic refrigerants R22 and R134a will continue to remain strong in the short term.

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1、 Price trend

 

According to the monitoring of the commodity market analysis system of Shengyishe, the phenolic resin market is showing a downward trend. As of May 15th, the mainstream price of domestic phenolic resin (2123) was 10175 yuan/ton, a decrease of 125 yuan or 1.21% compared to the previous working day. The price range of phenolic resin (2123, premium product) is between 13000 to 15500 yuan/ton.

 

2、 Market analysis

 

Cost side:

 

As of today, the phenol market has been operating in a volatile manner after stopping its decline. On May 1st, the market was quoted at 8145 yuan/ton, and on May 15th, it was quoted at 7860 yuan/ton, a decrease of 285 yuan/ton, a decrease of 3.50%. Downstream factories have finished stocking up, and under the pressure of traders shipping, the market has entered a weak trend.

 

Supply and demand side:

 

The main downstream mold version, grinding, and friction material markets lack information guidance, and the prices listed by factories remain stable. Downstream demand for follow-up is high, and trading volume is limited.

 

3、 Future Market Forecast

 

Recently, the market price of phenolic resin has declined. From a cost perspective, the post holiday raw material phenol market experienced a volatile operation after stopping its decline, resulting in a bearish performance on the cost side. From the perspective of supply and demand, the spot supply in the market is loose, with downstream buyers mainly focusing on demand. The purchasing intention is average and stable. In the short term, phenolic resins are prone to decline but difficult to rise, so it is necessary to pay attention to the phenol market in the later stage.

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