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Home > News > Paint & Coating News > Forecast of Ups and Downs of Chemical Materials Methanol, Potassium Chloride, etc.

Forecast of Ups and Downs of Chemical Materials Methanol, Potassium Chloride, etc.

ECHEMI 2022-03-03

The latest price of methanol (February 28): 2670 CNY/ton, the market outlook is bullish.

Analysis points: The methanol market in all regions is mainly on the rise, and some regions are stable and wait-and-see. The delivery situation in Northwest and other places is acceptable, the inventory is not high, and the price will be increased, which is expected to guide the increase in quotations of manufacturers in other regions of the country.

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The traditional downstream demand such as formaldehyde has gradually recovered, and manufacturers have actively pushed up the sales, and the transaction has performed well.

Market outlook forecast: The short-term methanol market may be firm, and local or higher.

The latest price of potassium chloride (import) (February 28): 4550.00 CNY/ton, the market outlook is bullish

Analysis points: The domestic market price of imported potassium chloride rose slightly on February 28, up 33.33 CNY/ton compared with the price on February 25. The price of 62% white potassium in the port is around 4400-4500 CNY/ton, a slight increase.

Border trade 62% of Russian white potassium is around 4300-4400 CNY/ton, a high level of consolidation. The ex-factory price of domestic salt lake potassium chloride is 3490 CNY/ton, which is the same as the quotation on February 25. The market price of domestic potassium 60% white potassium is around 4100-4200 CNY/ton, rising slightly.

The downstream market for potassium carbonate and potassium nitrate has been consolidating at a high level recently, and the downstream purchasing enthusiasm is good.

Market outlook forecast: The domestic potassium chloride price may fluctuate slightly in the near future. The ex-factory price of salt lake is about 3490 CNY/ton, and the import market price is about 4600 CNY/ton.

The latest price of isooctanol (February 28): 12400.00 CNY/ton, the market outlook is bearish

Analysis points: On February 28, the ex-factory quotation of isooctanol in Shandong increased slightly, which was 100 CNY/ton higher than the quotation on February 25, an increase of 0.81%, and a year-on-year decrease of 23.77% compared with the same period last year.

The upstream propylene fell slightly, the cost support weakened, the downstream DOP market fell slightly, and the downstream demand was insufficient.

Market outlook forecast: The ex-factory price of isooctanol in Shandong may fluctuate slightly in the near future: the manufacturer's quotation is around 12,000 CNY/ton.

The latest price of urea (February 28): 2674.00 CNY/ton, the market outlook is bullish

Analysis points: On February 28, the domestic comprehensive price of urea rose slightly, up 12 CNY/ton or 0.45% from the price on February 25, and up 21.92% from the same period last year.

The prices of upstream coal and liquefied natural gas fell slightly, and the cost support was general. From the demand side: agricultural demand waits and sees, industrial demand strengthens. Spring ploughing is approaching, and domestic fertilizer use is entering the peak season.

However, the National Development and Reform Commission has emphasized the work of ensuring the supply and price of chemical fertilizers. After the end of the Winter Olympics, compound fertilizer factories and sheet metal factories will gradually resume work, and follow up on dips in moderation.

The downstream market price of melamine has dropped slightly after a sharp rise, and the enthusiasm for urea purchase has weakened. From the perspective of supply: the current daily output of urea is more than 150,000 tons, and the supply is sufficient.

On the whole, the cost of urea is generally supported, the downstream demand is strengthened, the supply of urea is sufficient, and the urea will rise slightly in the market outlook.

Market outlook forecast: The ex-factory price of urea in Shandong may fluctuate slightly, and the average price quoted by manufacturers is around 2,680 CNY/ton.

The latest price of hot coil (February 28): 4622 CNY/ton, the market outlook is bullish

Analysis points: The price of hot-rolled coils in the domestic market rebounded on the 28th. The average market price of hot-rolled coils was 4,958 CNY/ton, up 1.02% from the previous trading day.

Today's futures volume bottomed out and the market sentiment recovered. Some merchants replenished their inventories on demand at a low level, and market transactions performed differently.

However, the cost is still high, the price of iron ore is rising, the coke enterprises have a strong bullish attitude, and the coke may still increase in the later period. Under the pressure of inventory and cost, some merchants operate more casually, but the overall inventory consumption is slow. .

Market outlook forecast: It is expected that before the demand is fully opened, the hot coil will have a strong and volatile trend.

The latest price of hydrochloric acid (February 28): 262.00 CNY/ton, the market outlook is bearish

Analysis points: The domestic hydrochloric acid market price fell slightly on February 28, down 4 CNY/ton compared with the price on February 25, a decrease of 1.50%, and a year-on-year increase of 51.88% compared with the same period last year.

The upstream liquid chlorine market has risen slightly recently, the cost support has been strengthened, the downstream polyaluminum chloride price has fallen slightly, the ammonium chloride market has been consolidated at a high level, and the downstream purchase intention is general.

Market outlook forecast: The domestic hydrochloric acid market price may fluctuate slightly in the near future, and the average quotation price is around 240 CNY/ton.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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