Analysis and Market Outlook Forecast of the Sulfuric Acid, Calcium Carbide

The latest price of sulfuric acid (February 28): 783.33 CNY/ton, the market outlook is bearish

Analysis points: The domestic sulfuric acid market price fell slightly on February 28, down 6.67 CNY/ton compared with the price on February 25, a decrease of 0.84%, and a year-on-year increase of 114.61%.

From the perspective of the upstream and downstream industry chain, the upstream sulfur market has gradually risen recently, and the cost support has been strengthened.

However, the downstream formic acid market was mainly sorted out, the downstream bromine market fell slightly, the downstream customers were generally less motivated to purchase sulfuric acid, and the product trend went down under the contradiction between supply and demand.

Market outlook forecast: The domestic sulfuric acid market price may fluctuate slightly in the near future, and the average quotation price is around 750 CNY/ton.

The latest price of calcium carbide (February 28): 4100 CNY/ton, the market outlook is bearish

Analysis points: The ex-factory price of calcium carbide in the northwest region was temporarily stable on February 28, which was the same as the price on February 25. Compared with the same period last year, it increased by 16.04% year-on-year.

The price of raw material orchid charcoal has been consolidated at a low level. Shenmulan charcoal is currently around 1400-1600 CNY/ton, and the cost of calcium carbide is insufficiently supported.

The downstream PVC market has fallen slightly recently, and downstream customers are generally enthusiastic about calcium carbide purchases. On the whole, the upstream support of calcium carbide is weakened, and the downstream demand is general.

Market outlook forecast: The ex-factory price of calcium carbide in the northwest region may fluctuate slightly and fall: the average price quoted by manufacturers is around 4,000 CNY/ton.

The latest price of dichloromethane (February 28): 4622 CNY/ton, the market outlook is bearish

Analysis points: According to the monitoring of the business agency, the price of dichloromethane bulk water in Shandong on the 28th was 4622 CNY/ton, down 5.13% from the previous day. On February 28, Shandong Jinling dichloromethane bulk water was sold at RMB 4,730/ton.

Market quotations followed suit. After the holiday, the price of raw material methanol fluctuated and consolidated, and the cost had certain support in the face of methylene chloride. However, the supply and demand side is weak, and the dichloromethane market is dominated by small orders.

In addition, the domestic methane chloride construction has increased compared with that before the holiday, and the supply side is loose, and the price of methylene chloride has fallen under the pressure of supply and demand.

Market outlook forecast: The cost supports the price of dichloromethane, but the supply pressure and the demand are still weak. It is expected that the dichloromethane market will fluctuate weakly in the later period.

The latest price of rapeseed meal (February 28): 3600 CNY/ton, the market outlook is bearish

Analysis points: It fell 1.15% from the previous trading day and rose 24.28% year-on-year. On the 28th, Zheng Meal fell, and the spot of rapeseed meal fell, and the high level fell. The global rapeseed supply is tight and the cost of adding seeds is high, supporting the price of rapeseed. Aquaculture is in the off-season of consumption, and the demand for rapeseed meal is not good.

Market outlook forecast: In the short term, it is expected that rapeseed meal will be mainly adjusted to the downside.

The latest price of rapeseed oil (February 28): 13292 CNY/ton, the market outlook is bearish

Analysis points: down 0.96% from the previous trading day, up 17.42% year-on-year. On the 28th, the spot price of rapeseed oil fell from a high level. Zheng rapeseed oil fell, and the spot of rapeseed oil fell. The global rapeseed supply is tight, and the cost support is strong. The price of rapeseed oil is at a historically high level, the substitution effect of soybean dumplings is strong, and the demand for rapeseed oil is weakened.

Market outlook forecast: It is expected that rapeseed oil may be lowered from the high level.

The latest price of ethylene glycol (February 28): 5100 CNY/ton, the market outlook is bearish

Analysis points: The crude oil market is high and strong, and the MEG outer disk center of gravity is weak in the afternoon. The recent cargo negotiations are at 650-655 US dollars / ton. At present, the oil-based route is in deep losses, some units are converted to EO production, and the MTO unit is under pressure due to the influence of methanol, while the coal-based route has a certain profit margin. The accumulation of warehouses in ports continues.

Although the operating rate of polyester has increased, the supply and demand pattern of the market has not been fundamentally reversed due to the oversupply of ethylene glycol, maintaining a weak trend.

Market outlook forecast: low volatility.