Multi-sectors resist price speculation! Some raw materials or plummet?
After many speeches from the country, the two-stage differentiation of the chemical market has become more serious!
Raw materials that are in short supply have the spectacle of adjusting 30,000 at a time, and there are also players whose prices are plummeting by 2,000 below the high level, the downstream is difficult to take orders!
Resist price speculation, some raw materials may plummet!
In recent days, various national departments have repeatedly held press conferences to make speeches hoping to stabilize the raw material market and resist price speculation.
Not only that, but also broke the monopoly of the industry and severely cracked down on illegal activities such as price hikes. Internet giant Alibaba and medical and chemical industry leader Yangzijiang Pharmaceutical have been punished. And the fine is not small!
After the country has repeatedly voiced that there is still considerable room for domestic price macro-control, it is foreseeable that in the medium and long term, the chances of a full-blown redemption like the first quarter of this year are unlikely. The impact of liquid commodities is more obvious, and some raw materials may plummet.
At present, the two-level differentiation pattern of raw materials is taking shape. Chemicals that have risen sharply due to the impact of liquidity in the early stage will face a callback and do not have the basis for long-term price increases. As for the price increase of chemical products caused by the relationship between supply and demand, there will be a higher price increase, which is expected to continue to hit new highs, and the overall price will become more stable.
Shorting the market, the price has risen by 30,000 CNY/ton!
Judging from this utterance, the price trend of bulk commodities can also be stopped. If this rises again, the heart may not be able to bear it. However, it is impossible for this price to drop suddenly. For some of the raw materials that are in short supply, the price increase is even more crazy!
▶▶Lithium hexafluorophosphate: The gap is enlarged, and it will increase by 30,000 yuan at a time! 80% increase during the year!
On the 19th, Polyfluoropoly Chemicals, one of the world’s leading companies in the field of lithium hexafluorophosphate, issued an announcement stating that based on the current domestic and international lithium hexafluorophosphate market, it has been decided that from now on, the company’s lithium hexafluorophosphate sales price will be raised by RMB 30,000 to various domestic customers based on the original price. / Ton, an increase of 4,500 US dollars / ton (approximately RMB 29341 / ton) for various international customers.
The reason for the price increase is still at both ends of supply and demand.
on the one hand. With the rapid growth of the production and sales of new energy vehicles, the upstream lithium battery industry chain has become a "sweet and delicious". The chemical raw materials required by the domestic lithium battery industry will inevitably get a greater pull, and prices have begun to rise. On the other hand, the current lithium hexafluorophosphate companies are almost at full capacity and start operations, but the supply and demand of lithium battery materials, which is a critical profit, is still tight.
As the gap continues to enlarge, the current shipment price of lithium hexafluorophosphate has reached RMB 160,000-180,000/ton, an increase of more than 80% during the year, an increase of RMB 90,000/ton from RMB 70,000/ton in September last year, an increase of 157%, compared with the price of the same period last year. Doubled.
▶▶Styrene: staged a short-selling market and achieved six consecutive rises! Downstream was forced to suspend work!
As of April 20, styrene futures have risen for 6 consecutive days! The spot price of styrene also continued to rise. On Monday, the South China market of styrene rose 400 CNY/ton to close at 10,400 CNY/ton, and the North China ring rose 320 CNY/ton to close at 9,650 CNY/ton.
Recently, the social inventory of styrene has fallen more, and the inventory level is less than a week and a half. Due to the fact that foreign ports are not as expected, the inventory may still fall. In addition, in April and May, there were a lot of styrene maintenance equipment, especially Jilin Petrochemical's maintenance in May-June was about 460,000 tons, and the domestic supply was significantly reduced.
However, the strong upstream squeeze has led to a serious decline in downstream profits. EPS can still maintain profits, but for the first time this year, it has fallen below the profit level of 500 CNY/ton, and PS has dropped to a profit of -275 CNY/ton. This has led to some factories starting to plan to stop work, and follow-up or suppress the rise in raw materials.
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Paint & Coating Industry Overview Mar.2025
This issue provides analysis of the European and German coatings markets, as well as the latest monthly reports and price trends of coatings-related chemical raw materials. Support online permanent download.Published in: Mar.2025
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