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The latest information on bulk raw materials
macro
1. [Fiscal Policy] Ministry of Finance: The four departments issued a notice on the implementation of the financial discount policy for equipment renewal loans. In terms of interest discount standards, if the loans issued by banks to business entities meet the conditions for re-loan reimbursement, the central government will discount the principal of bank loans to business entities by 1 percentage point. The interest will be discounted according to the date on which the relevant loan funds are transferred to the supplier's account, and the interest discount period shall not exceed 2 years.
2. [SME Production Index] Ministry of Industry and Information Technology: In May, the production and operation of small and medium-sized enterprises continued to rebound steadily, and the development of small and medium-sized enterprises was resilient enough, showing a long-term upward trend. In May, the production index of small and medium-sized enterprises was 50.3%, an increase of 0.6 percentage points from the previous month, entering the boom range.
3. [Automotive] Ministry of Commerce: Since the issuance of the Action Plan for Promoting the Trade-in of Consumer Goods, all work has progressed smoothly and made a good start, and phased results have been achieved. According to the data, in terms of automobiles, from January to May, 2.2 million scrapped vehicles were recycled nationwide, a year-on-year increase of 19.4%; sales of new energy vehicles were 3.895 million, a year-on-year increase of 32.5%, accounting for 33.9% of new car sales; The number of used cars traded was 7.864 million, a year-on-year increase of 8.7%.
4. [Cold chain logistics] China Federation of Things: From January to May, the total amount of cold chain logistics in mainland China was 2.76 trillion yuan, a year-on-year increase of 4.0%; The total demand for cold chain logistics was 191 million tons, a year-on-year increase of 4.2%. Although the unit price of cold storage rental has decreased, the occupancy rate has increased by about 10 percentage points.
5. [Shipping] Maersk will reduce the peak season surcharge (PSS) for all containers shipped to Kenya from China, Taiwan, Hong Kong, Japan, Brunei, Indonesia, Cambodia, Laos, Myanmar, Malaysia, the Philippines, Singapore, Thailand, Timor-Leste, Vietnam, and South Korea, which will be implemented from July 1, 2024. After the adjustment, it will be $300 for all 20ft dry containers and $500 for all 40ft dry containers and tall dry containers.
energy
1. [Crude Oil] On June 25, international crude oil futures fell. The main U.S. WTI crude oil futures contract settled at $80.83 a barrel, down $0.80 or 1.0%. The main Brent crude oil futures contract settled at $84.22 a barrel, down $0.93 or 1.1%. U.S. consumer confidence data was weak and the market was concerned about the demand outlook.
2. [Crude Oil] According to foreign news on June 25, market sources quoted data from the American Petroleum Institute (API) on Tuesday that U.S. crude oil and gasoline inventories unexpectedly rose last week, and distillate inventories fell. U.S. crude inventories rose by 914,000 barrels in the week ended June 21. Gasoline inventories increased by 3.843 million barrels, while distillate inventories decreased by 1.178 million barrels.
3. [Thermal coal] On June 24, the inventory of thermal coal in the eight ports around the Bohai Sea was 25.458 million tons, an increase of 24,000 tons from the previous day.
4. [Thermal coal] On June 25, the price difference of imported thermal coal: the CIF price of imported Indonesia Q3800 in South China was about 531 yuan/ton, which was 35 yuan/ton lower than that of coal with the same calorific value in Beigang; The CIF price of imported Australian coal Q5500 in South China is about 869 yuan/ton, which is 1 yuan/ton lower than that of coal with the same calorific value in Beigang.
5. [Petroleum coke] On June 25, Jiangsu Xinhai Petrochemical delayed the ex-factory price of petroleum coke (3B) at 1,533 yuan/ton, down 30 yuan/ton from the previous trading day, with a sulfur content of about 2.44% and a daily output of 750 tons of petroleum coke.
6. [Petroleum coke] On June 25, the ex-factory price of Huaxing Petrochemical petroleum coke 3C was 1,300 yuan/ton, down 100 yuan/ton from the previous trading day, the sulfur content was about 3%, and the daily output of petroleum coke was 1,000 tons.
7. [Methanol] On June 25, the closing price of the methanol market fell: the closing price of the CFR Southeast Asia methanol market was 357.00-358.00 US dollars / ton. The methanol market in the U.S. Gulf methanol market closed at 110.00-111.00 cents/gallon, down 1 cent/gallon; FOB Rotterdam methanol market closed at 319.75-320.75 euros/mt.
8. [MTBE] On June 25, the quotation of MTBE production enterprises in Shandong was raised: the quotation of MTBE of Shandong Chengtai Chemical was raised by 50 yuan/ton; Shida Shenghua MTBE and Lihua Yilijin Petrochemical MTBE quotations were raised by 30 yuan/ton to 6550 yuan/ton.
chemical industry
1. [Isopropanol] According to public information, Dalian Hengli's 130,000 tons/year isopropanol plant will be put into operation in December 2023, and the 60,000 tons/year isopropanol plant in Qingdao Bay will be put into operation in January 2024, and China's isopropanol production capacity is expected to reach 1.19 million tons by the first half of 2024.
2. [BDO] The 100,000 tons/year BDO unit of Henan Energy Hebi Coal Chemical Industry is running stably, and the BDO is mainly for downstream PTMEG for self-use, and there is no spot sales for the time being. The general inspection is expected in July and August, and the time is uncertain.
3. [Ethylene glycol] Recently, the overhaul of the front-end ethylene cracking production line of a 2.35 million tons of ethylene glycol plant in Zhejiang was completed and it began to be restarted. The plant's ethylene glycol operating load has increased, and the overall operating load of the three lines has risen to the level of 7%.
4. [Ethylene glycol] On June 24, the total spot inventory of ethylene glycol in the main port of East China was 708,500 tons, a decrease of 41,100 tons compared with the total spot inventory of ethylene glycol in the main port of East China on June 20, which was 749,600 tons.
5. [Ethylene glycol] On June 25, the auction quantity of polyester grade ethylene glycol (coal) of Yangmei Chemical Sales Branch in the morning (bidding time 9:30-9:40) was 100 tons, the starting price was 4080 yuan/ton, and the delivery address was in Shouyang Chemical.
6. [Diethylene glycol] On June 25, according to statistics, the main port of ethylene glycol in East China is expected to unload about 10,500 tons in the next week.
7. [Diethylene glycol] On June 24, the total shipment volume of the two reservoir areas in Zhangjiagang was 1,320 tons, an increase of 64 tons compared with the average daily delivery last weekend. Up to now, the inventory of the two warehouses is 40,300 tons.
8. [Aniline] On June 25, the price of Dongying Huatai aniline was lowered by 400 yuan/ton to 11,700 yuan/ton, and the plant started 5 percent.
9. [Aniline] On June 25, the price of aniline in Jinling, Shandong Province was lowered by 400 yuan, the cash exchange was 11,700 yuan/ton, the acceptance was 11,870 yuan/ton, and two sets of 100,000 tons/year equipment and two sets of 30,000 tons/year equipment operated normally.
10. [Hydrogen peroxide] On June 25, Hangzhou Mingxin Hydrogen Peroxide Co., Ltd. 450,000 tons of hydrogen peroxide device load 9 percent, 50% hydrogen peroxide price 2200 yuan / ton, 27.5% hydrogen peroxide price 1150 yuan, the actual order is negotiable.
11. [Activated carbon] On June 25, the iodine value of Henan Kaijie shell activated carbon was 300 and the price was 4800 yuan/ton; The iodine value of 700 is quoted at 6500 yuan/ton, and the price of coal tar columnar activated carbon is 15000 yuan/ton, and the current activated carbon production line is operating normally, with a monthly output of 200-300 tons.
12. [Melamine] On June 25, Sichuan Meifeng melamine ex-factory price was 6,800 yuan/ton, and the plant had a plant capacity of 50,000 tons and a daily output of about 160 tons.
13. [Methylene chloride] On June 25, the ex-factory price of dichloromethane bulk water in Jinling, Shandong Province rose slightly, and the current Dawang plant withdrew 2450 yuan/ton of foreign exchange; Dongying plant 2420 yuan/ton.
Rubber and plastic
1. [PP] Jiujiang Petrochemical (Sinopec East China) PP production capacity of 100,000 tons/year device load is normal, and the ex-factory reference price of wire drawing material T30S is raised, up 50 yuan to 7850 yuan/ton.
2. [PVC] On June 26, the PVC plant of Zhongyan Inner Mongolia started up normally, and the device was running at full capacity. Calcium carbide SG-5 ex-factory price 5650 yuan/ton acceptance. The manufacturer's PVC production capacity is 400,000 tons.
3. [PE] June 25: Lanzhou Petrochemical, 60,000 tons of old full-density equipment was stopped.
4. [LLDPE] On June 25, Shandong Wanhua Chemical produced 7042 full-density devices with a production capacity of 450,000 tons and 23050 HDPE plants with a capacity of 350,000 tons, both of which were operating normally, and it was planned to stop for maintenance in early July. Among them, LLDPE 7042: the price in East China is 8800 yuan/ton, and the price in South China is 9050 yuan/ton. LLDPE 7050: 9000 yuan/ton in East China and 9150 yuan/ton in South China.
5. [Natural rubber] data shows that in the first five months of 2024, Vietnam exported a total of 250,000 tons of natural rubber, an increase of 19% year-on-year from 210,000 tons last year. Among them, the export of standard rubber was 160,000 tons, an increase of 14% year-on-year, including 72,000 tons of SVR10 exports, 42,000 tons of SVR3L exports, 27,000 tons of SVRCV60 exports, and 20,000 tons of cigarette film glue, a year-on-year decrease of 9%; The export of latex was 71,000 tons, an increase of 61% year-on-year.
6. [Natural rubber] According to the data of Thai Customs, in May 2024, the export volume of Thailand's natural rubber (including latex and mixed rubber, and latex unfolded) will be 328,600 tons, up 4.98% month-on-month and down 12.46% year-on-year. From January to May, the cumulative export was 1.735 million tons, down 15.23% year-on-year.
textile
1. [Cotton] According to the data of China Cotton Information Network, as of the end of May, the national cotton commercial inventory was 377.41 tons, a decrease of 56.18 tons from the previous month and an increase of 28.13 tons from the same period last year.
2. [Cotton] From June 17 to June 23, 2024, according to the statistics of the Xinjiang inspection point of the National Cotton Trading Market, the total amount of cotton transportation out of Xinjiang by road increased by 1,600 tons month-on-month, an increase of 3.9%, and decreased by 11,200 tons, or 20.3%, year-on-year.
3. [Cotton] According to the sampling survey of 79 textile enterprises in 14 provinces, municipalities and autonomous regions across the country by the national cotton market monitoring system, as of the beginning of June 2024, the average number of days of cotton inventory use of the sampled enterprises surveyed is about 35.9 days (including the amount of imported cotton arriving in Hong Kong), a decrease of 0.7 days from the previous month, an increase of 9.8 days from the same period last year, and an increase of 3.1 days over the average level of the same period in the past five years (that is, 2017-2022, excluding 2020). It is estimated that the national cotton industrial inventory is about 787,000 tons, a decrease of 1.9% month-on-month, a year-on-year increase of 45.7%, and an increase of 8.3% over the average level of the same period in the past five years.
4. [Cotton] According to the cotton production report released by the United States Department of Agriculture, as of June 23, 94% of cotton sowing in the United States was completed, an increase of 1 percentage point over the same period last year and a decrease of 2 percentage points from the average of the same period in the past five years.
5. [PTA] On June 25, Yisheng Petrochemical PTA US dollar supply price was 745 US dollars / ton, which was 5 US dollars / ton higher than the previous trading day.
6. [PTA] Yisheng Petrochemical announced that the PTA advance payment price in July was 6,200 yuan/ton.
7. [Acrylonitrile] On June 25, the settlement price of acrylonitrile of Anqing Petrochemical in June was 9,600 yuan/ton; The settlement price of Shandong Keruer Chemical acrylonitrile in June was 9,600 yuan/ton.
steel
1. [Cold rolling] On June 19, the 2# acid rolling unit of Jingye Group Gaopin Steel Technology Co., Ltd. successfully tested rolling 2.5mm×1250mm limit thickness rolled hard coil products, which provided high-quality raw material guarantee for the subsequent production of zinc, aluminum and magnesium products and enriched the specifications of cold-rolled products.
2. [Galvanized coil] On June 25, Rizhao Iron and Steel introduced the price of cold-formed and galvanized coil from the market: cold-rolled coil: RECC 1.0*1250mm4170.5 yuan/ton, down 30 yuan/ton from the previous price; Galvanized coil: DX51D+Z 1.0*1250/1500mm 4490.5 yuan/ton, down 30 yuan/ton from the previous price.
3. [Plate] In May, the output of plate and strip of key statistical enterprises increased year-on-year, of which the output of hot rolling mills turned from falling to rising, and the output of cold rolling mills continued to rise. The hot continuous rolling mill produced 16.97 million tons in May, an increase of 480,000 tons year-on-year, an increase of 2.9%; The cold rolling mill produced 6.89 million tons in May, an increase of 550,000 tons or 8.7% year-on-year.
4. [Rebar] China Iron and Steel Association: In mid-June, the social inventory of 5 major varieties of steel in 21 cities was 10.43 million tons, a decrease of 100,000 tons or 0.9% from the previous month, and the inventory continued to decline slightly; an increase of 3.14 million tons over the beginning of the year, an increase of 43.1%; An increase of 870,000 tons over the same period of the previous year, an increase of 9.1%. Among them, the inventory of rebar was 4.59 million tons, a decrease of 30,000 tons or 0.6% from the previous month, and the inventory decreased slightly; an increase of 1.54 million tons from the beginning of the year, an increase of 50.5%; an increase of 150,000 tons over the same period last year, an increase of 3.4%.
5. [Ferrosilicon] According to customs data, China's ferrosilicon (Si≤55%) import volume in May 2024 was 13.5 tons, an increase of 1244.62% month-on-month and 68.69% year-on-year; From January to May, China's ferrosilicon (Si≤55%) imports totaled 48.414 tons, down 90.25% year-on-year. In May 2024, China's ferrosilicon (Si>55%) export volume was 37,144.788 tons, down 6.00% month-on-month and 8.03% year-on-year; From January to May, China's ferrosilicon (Si>55%) exports totaled 188,562.245 tons, an increase of 0.90% year-on-year.
colored
1. [Silicon Metal] Recently, Longchang (Hubei) Silicon Industry with an annual output of 200,000 tons of industrial silicon project was recorded. The project invests 5000000 yuan to build a high-purity industrial silicon production line, which can process the recovered scrapped photovoltaic power generation panels and waste silicon powder produced by the photovoltaic crystalline silicon cutting industry, which can achieve an annual output of 200,000 tons of industrial silicon.
2. [Silicon Metal] Recently, the People's Government of Cangxi County issued the environmental impact report (draft for comments) of Tongwei Green Materials (Guangyuan) Photovoltaic Silicon Material Manufacturing Project (Phase I Industrial Silicon Project). The project invests 260,000 yuan to build a 12×33000kVA industrial silicon electric furnace, and supports the construction of waste heat boilers, dust collectors, desulfurization and denitrification devices, open tower cooling circulating water systems, substations and related supporting public and auxiliary facilities, forming a production scale of 180,000 tons/year of industrial silicon.
3. [Electrolytic Manganese Tablets] JISCO Group will bid for electrolytic manganese tablets in July 2024, with a quantity of 34 tons, and the registration deadline is June 24, 2024.
4. [Zinc] According to customs data, the import volume of refined zinc in the mainland in May 2024 will be 44,000 tons, an increase of 147.95 year-on-year. From January to May, the cumulative import volume of refined zinc in mainland China was 187,100 tons, up 253.42% year-on-year.
5. [Lead] According to customs data, the import volume of lead concentrate in the mainland in May 2024 was 100,100 tons, an increase of 10.12% month-on-month and 5.23% year-on-year.
6. [Titanium] According to customs data, China imported 42.1 titanium ore in May 2024