​Coal prices stabilized, yellow phosphorus prices were 'cut in half' within a month

Since the second half of this year, the problem of coal shortage has become more serious, and coal prices have hit record highs.

The soaring coal price has led to a large increase in the price of downstream commodities that use coal as raw material or coal as fuel, such as PVC, methanol, and urea in the coal chemical industry.

Fortunately, as the country introduced a series of policies to impose intervention on coal prices, the prices of coal and coal chemical products have fallen sharply.

In addition, downstream products that use coal as fuel, such as inorganic chemicals and phosphorous chemicals, have recently experienced varying degrees of decline.

Yellow Phosphorus

Price cut in one month

Due to the "dual control" policy of energy consumption since August, the entire Yunnan yellow phosphorus has almost ceased production, causing the price of yellow phosphorus on the domestic market to skyrocket, once soaring to 70,000 CNY/ton.

However, as coal prices fell in late October, the price of yellow phosphorus fell in just one month, from a maximum of more than 70,000 to below 35,000.

At present, the overall market for yellow phosphorus is relatively deserted, and the mainstream quotations in the market are as follows:

◆ The mainstream quotation in Yunnan area is 32000-35000 CNY/ton;

◆ The mainstream quotation in Sichuan is about 40,000 CNY/ton;

◆ The mainstream quotation in Guizhou area is about 35,000 CNY/ton.

Phosphoric acid

Cost pressures are reduced and prices go down

Affected by the fall in the price of the upstream raw material yellow phosphorus, the cost side support was insufficient, and the phosphoric acid market declined sharply, with a drop of 32.11% last week.

With the gradual increase in the start of phosphoric acid enterprises and the increasingly abundant market supply, it is expected that the phosphoric acid market is likely to fall but hardly rise in the short term. As of now, the mainstream quotations in the market are as follows:

◆ The Jiangsu area offers 9500-10000 CNY/ton;

◆ The quotation in Yunnan area is 1,2000-13,000 CNY/ton;

◆ The price of Hebei area is 1,1000-12,000 CNY/ton;

◆ The quotation in Hubei area is 11000-13000 CNY/ton;

◆ Shandong area offers 10000-14000 CNY/ton.

Bisphenol A

After the crash, it ushered in a sharp rebound for the first time

In the past two months, the price of bisphenol A has been “jumping from the property”. Last week, the price of bisphenol A fell to around 15,500 yuan, and once fell to a new low in the second half of the year, down 12,400 CNY/ton from the beginning of September, a 44.13% decrease, which is close to " Cut in the middle"!

Affected by Zhejiang Petrochemical's auction on November 4, the market rebounded sharply for the first time. The starting price of the morning auction was 15,500 CNY/ton, and the sixth round of the afternoon auction was 16,700 CNY/ton. The market intention price was already close to 17,000 CNY/ton.

As of November 5, the mainstream quotation of bisphenol A in East China is 17,200-17500 CNY/ton.

Epoxy resin

The domestic epoxy resin market first fell and then rose

Liquid resins in East China continued the downward trend this week, and the quotations were lowered by about 2,000 CNY/ton from last week. However, as the main raw material bisphenol A stopped falling and rebounded on November 4, the quotations of epoxy manufacturers rapidly increased by 1,000 yuan.

At present, the mainstream domestic epoxy resin quotations are as follows:

◆ Kunshan Nanya E-51 barreled ex-factory price is 32,000 CNY/ton;

◆ The ex-factory price of Changshu Changchun E-51 bulk water is 31,000 CNY/ton;

◆ The factory price of Yangnong Kumho E-51 barreled is 31700;

◆ The ex-factory price of Nantong Xingchen E-51 barrels is 31800 CNY/ton;

◆ The ex-factory price of Jiangsu Sanmu Water Purification System is 30,000 CNY/ton;

◆ Hongchang Electronics Zhuhai factory delivered a price of 31,500 CNY/ton in barrels from South China;

◆ The ex-factory price of Baling Petrochemical E-51 water purification is 31,500 CNY/ton.

Under strong energy constraints, coal prices have become an important factor affecting the prices of energy-intensive commodities.

With the country's control of coal prices and self-repair of the imbalance between supply and demand in the market, the current prices of coal and bulk commodities have dropped significantly, and will eventually return to calm after the skyrocketing.