Sulfuric Acid Weekly Review
Domestic sulfuric acid market price
This week, the domestic sulfuric acid market is running weakly and steadily, and some prices are unstable. As of now, the price of 98% smelting acid in Yunnan market is 460-550 yuan/ton, and the price of 98% smelting acid in Guangxi is 520-580 yuan/ton. The main downstream demand for sulfuric acid weakened, the demand for titanium dioxide and other industries remained stable, and the supply and demand of the sulfuric acid market were basically balanced, but the shipment of acid plants in some areas was still under pressure, the market transaction atmosphere weakened, and the prices in individual regions were less profitable, and the acid plants in the rest of the region are temporarily wait-and-see, the domestic sulfuric acid market is gradually differentiated, and the price range of sulfuric acid fluctuates.
Gasoline Weekly Report - 20240425
International crude oil futures prices
Overview of the gasoline market
This week (20240418-20240425), the wholesale price of the main domestic units mainly fell, and the overall decline was between 20-996 yuan/ton. The ex-factory price of local refining was mainly reduced, and the overall price was reduced at 20-200 yuan/ton. This week, international crude oil futures rose first and then declined, and the domestic gasoline market fell weakly. This week, the overall market trading atmosphere is average, the middle and lower reaches have a strong wait-and-see atmosphere, and the refinery shipments are average.
Gasoline price index
According to TDD, as of April 25, the domestic 92# gasoline price index was 9366.31, down 73.07 from last week, an increase of 0.01%; and the 95# gasoline price index was 9665.03, down 79.51 from last week, an increase of 0.01%. The 92# and 95# gasoline indices were both lowered, and the price difference between the 92# gasoline and 95# gasoline indices was 298.73.
Future forecast
International crude oil prices fell. The main negative factors for the decline in international crude oil prices are: the United States announced new sanctions on Iran, especially for its drone production, and the United Kingdom also announced that it will cooperate with the United States to impose new sanctions on Iran, and the impact of geopolitical factors has declined. Although May Day is approaching, the stocking of gasoline before the festival is basically over, and the market demand lacks obvious support. The wait-and-see atmosphere in the middle and lower reaches is strong, the market purchase and sales atmosphere is relatively light, and it’s near the end of the month, the task pressure of the main units increases, and the price is mainly reduced and the warehouse is mainly delivered. On the whole, it is expected that the domestic gasoline market will fluctuate in a narrow range in the short term.
Operating rate
This week (20240418-20240425), the operating rate of independent refineries was 55.95%, down 1.16%, and the operating rate of main units was 77.59%, down 0.23%.
April 25 Natural Rubber Market Price Analysis
Index
On April 25, the STR20 price index of natural rubber Qingdao market was 1,600 USD / ton, down 15 USD from yesterday, a decrease of 0.9%.
spot market
On the supply side:
Abroad: Vietnam and Thailand raw material producing areas have started to cut one after another, and the output is low now.
Home: Raw material prices in Hainan fell again, and raw material prices in Yunnan maintained an upward trend.
On the demand side: the production rate of most semi-steel tire enterprises maintained a high level, and some small number of enterprises had a maintenance plan at the end of the month; new orders in the all-steel tire market decreased significantly compared with the previous period, and traders' inventory reserves were high, and the willingness to replenish was not strong. In terms of the market, China's passenger truck tire exports in March increased significantly compared with February, and sales in April showed a downward trend.
Future forecast
The price of overseas raw materials in the market is weak, and the support for the cost of rubber is general; the overall price of raw materials in Yunnan and Hainan is running at a high level, and the market supply is relatively tight; today, the price of domestic natural rubber market maintains a downward trend, and some enterprises begin to lose profits; the demand of the downstream tire industry is sluggish, and the supply pressure of the natural rubber market is greater, and it is expected that the natural rubber market will maintain a downward trend in the short term.
