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The latest information on bulk raw materials
macro
1. [PPI] Japan's producer prices increased by 0.9% year-on-year in April, and are estimated to be 0.8%. Japan's producer prices rose 0.3% month-on-month in April versus 0.3% expected.
2. [Treasury Bonds] The Ministry of Finance announced the relevant arrangements for the issuance of general treasury bonds and ultra-long-term special treasury bonds in 2024. Among them, the ultra-long-term special treasury bonds involve maturities of 20 years, 30 years and 50 years, and the number of issuances is 7, 12 and 3 respectively, all of which are paid on a semi-annual basis, and will be issued on May 24, May 17 and June 14 respectively. According to the announcement, the Ministry of Finance will bid for the first 30-year special treasury bond of 40 billion yuan on May 17, which will be the first of this year.
3. [Import and Export] According to the statistics of Shanghai Customs, in the first quarter of this year, Shanghai achieved import and export with Serbia of 650 million yuan, a year-on-year increase of 58.1%. Among them, imports were 390 million yuan and exports were 260 million yuan, an increase of 130.9% and 8.4% respectively year-on-year.
4. [CPI] According to the Beijing Municipal Bureau of Statistics, Beijing's consumer prices rose by 0.2% year-on-year in April. Among them, food prices fell by 4%, and non-food prices rose by 1%; Consumer prices fell by 0.6 percent and service prices rose by 1.2 percent. Beijing's consumer prices rose 0.1% month-on-month in April. Among them, food prices decreased by 2.1%, and non-food prices rose by 0.5%; Prices for consumer goods fell by 0.2 percent and prices for services rose by 0.5 percent.
5. [SCFI] According to the data of the Shanghai Shipping Exchange, as of May 13, 2024, the Shanghai Export Container Settlement Freight Index (European route) was reported at 2512.14 points, up 13.7% compared with the previous period.
energy
1. [Crude Oil] On May 13, international crude oil futures rose. The main U.S. WTI crude oil futures contract settled at $79.12 a barrel, up $0.86 or 1.1%. The main Brent crude oil futures contract settled at $83.36 a barrel, up $0.57 or 0.7%.
2. [Crude Oil] According to foreign news on May 13, a preliminary survey released on Monday showed that U.S. crude oil inventories were expected to decline last week, and refined oil inventories may rise. On average, the five analysts surveyed estimate that U.S. crude inventories are expected to fall by about 1.2 million barrels in the week ended May 10.
3. [Crude Oil] According to foreign news on May 13, the U.S. Energy Information Administration (EIA) said in its monthly drilling productivity report on Monday that oil production from major shale oil producing areas in the United States will rise to the highest level in six months in June. Oil production from major shale producing areas in June could reach its highest level since December at 9.85 million b/d, the EIA said.
4. [Crude Oil] Azerbaijan's oil production in the first four months fell by 5.7% year-on-year, and natural gas production increased by 4.3% year-on-year.
5. [Raw coal] According to the data of the Wuhai Municipal Bureau of Statistics, from January to April 2024, the output of raw coal in Wuhai City was 15.9128 million tons, a year-on-year increase of 5.3%; the output of washed coal was 7.2889 million tons, a year-on-year decrease of 12.5%; The output of other coal washing was 4.5656 million tons, a year-on-year decrease of 30.1%.
6. [Coal] On May 13, the coal railway transfer volume of Jingtang Port was 244,000 tons, an increase of 22% from the previous day, an increase of 4.72% from the previous week, and a decrease of 1.61% from the same period last month. The coal transfer volume of Jingtang Port was 233,000 tons, down 6.8% from the previous day, down 10.73% from the previous week, and up 5.43% from the same period last month.
7. [Liquefied gas] On May 13, the price of civil liquefied gas of Changyi Petrochemical was lowered by 40 yuan/ton to 5100 yuan/ton, with stable production and sales and controllable inventory.
chemical industry
1. [PDH] It is reported that in Zhongjing Petrochemical Science and Technology Park, Jiangyin Gangcheng Economic Zone, Fuqing, the world's largest single set of propane dehydrogenation (PDH) project with an annual output of 1 million tons was officially put into operation, realizing the localization rate of equipment and accessories of more than 99.5% for the first time in the industry, and creating 10 sets of equipment in the world and the country. The total investment of the project is 4 billion yuan, and the annual output value is expected to be 10 billion yuan, which will drive the annual output value of the downstream industrial chain to 20 billion yuan.
2. [Silicone] Recently, Hubei Yongjian New Materials Co., Ltd. has the latest news on the construction project with an annual output of 30,000 tons of silane coupling agent, with a total investment of 650 million yuan, which will start construction in November 2022 and is planned to be completed and put into operation in August this year.
3. [DMC] Recently, the basic design of Jingmen Yuanhan electrolyte precursor project passed the review. The project construction product scale is 200,000 tons/year DMC plant, 200,000 tons/year ethanol plant, 180,000 tons/year EMC, DEC plant and supporting public and auxiliary facilities.
4. [Electrolyte additives] On May 10, all the design work of the Inner Mongolia Jiuri electrolyte additives project has been completed and is being installed, and some products are expected to organize trial production in July this year. The project plans to produce electrolyte additives for lithium tetrafluoroborate, lithium difluorooxalate borate, sodium difluoroxalate borate, DTD, and DTS.
5. [Battery] According to the China Automotive Power Battery Industry Innovation Alliance, in April, the total output of power batteries in mainland China reached 78,200 MWh, an increase of 3.17% month-on-month and a year-on-year increase of 66.53%. Among them, the output of lithium iron phosphate power batteries reached 55,400 MWh, accounting for 70.84%.
6. [Lithium salt] It is reported that the lithium salt project with an annual output of 60,000 tons built by Shengxin Lithium Energy in Indonesia is expected to be completed and put into operation in the first half of this year.
7. [Feed] Recently, the construction project of Dangyang Zhengda feed processing plant with an annual output of 360,000 tons is undergoing the final sweeping construction, and it is expected that all will be completed for trial production by the end of July. The total investment of the project is 216 million yuan, and the annual output value can reach 1.2 billion yuan.
8. [Compound Fertilizer] Recently, the trial production of 300,000 tons of compound fertilizer project of CNOOC Huahe Coal Chemical was successful. It is mainly sold in the eastern part of Heilongjiang Province, which can fill 30% of the market gap in Heilongjiang Province.
9. [Monoammonium phosphate] Recently, China Wuhuan Engineering Co., Ltd., a subsidiary of China National Chemical Corporation, and Hubei Xinxiangyun New Materials Co., Ltd. successfully signed a 1.8 million tons/year beneficiation device, 100,000 tons/year potassium dihydrogen phosphate device, 100,000 tons/year mid-end flame retardant material device, 150,000 tons/year battery-grade monoammonium phosphate device, 200,000 tons/year multi-element acidic physiological special fertilizer device and the EPC contract of the whole plant for public works of the whole plant. It is expected that after the project is completed and put into operation, the output value will reach 10 billion yuan.
10. [Vinyl acetate] Recently, the annual output of 200,000 tons of vinyl acetate project of Fujian Nenghua Group chlor-alkali area relocation project held a CCCC ceremony and successfully completed CCCC.
11. [Butadiene] It is reported that affected by the temporary shutdown of the upstream unit, the 180,000 tons/year butadiene plant of Fujian United Petrochemical was shut down on May 5 and is expected to be restarted around May 15.
12. [Butadiene] On May 13, some domestic butadiene companies announced the auction price:
Fushun Petrochemical's 160,000 tons/year butadiene extraction unit is running stably, and 600 tons of goods are sold at a competitive bidding price, with a reserve price of 10,800 yuan/ton.
The 64,000 tons/year butadiene extraction unit of Shenhua Ning Coal is running stably, and a small amount of goods is exported to the market, and the price is reduced by 100 yuan/ton to 10,830 yuan/ton.
13. [Propane] On May 13, the propane price of Dongying Hualian Petrochemical was lowered by 30 yuan/ton to 5223 yuan/ton, with stable production and sales and controllable inventory.
14. [Neopentyl glycol] On May 13, Yantai Wanhua neopentyl glycol production capacity was 80,000 tons, and the bulk neopentyl glycol price was 10,300-10,500 yuan/ton, and the quotation rose by 200 yuan/ton.
15. [Diethylene glycol] From May 11th to 12th, the total amount of shipments in the two reservoir areas of Zhangjiagang was 1,560 tons, and the average daily delivery was 780 tons on weekends. As of now, the inventory is 28,300 tons.
Rubber and plastic
1. [Tires] Recently, Guizhou Tire disclosed production and production capacity information: the monthly output of giant tires is 300, and the annual production capacity of the first phase of the Zazuo Phase IV project has reached the target of 200,000. The company is building a green tire engineering technology center and headquarters, which is expected to be opened in the first half of 2026.
2. [Butadiene rubber] Dushanzi Petrochemical's 30,000 tons/year Gaoshun butadiene rubber plant will be shut down for maintenance from May 10 and is scheduled to be restarted in early July.
Yangzi Petrochemical's 100,000 tons/year Gaoshun butadiene rubber plant plans to produce 5,300 tons in May.
Maoming Petrochemical's 100,000 tons/year Gaoshun butadiene rubber plant plans to produce 8,000 tons in May.
Qilu Petrochemical's 80,000 tons/year Gaoshun butadiene rubber plant plans to produce around 5,400 tons in May.
Yanshan Petrochemical's 120,000 tons/year Gaoshun butadiene rubber plant plans to produce 6,900 tons in May.
3. [PS] On May 13, the ex-factory price of Jiangsu Saibaolong PS fell, and the price of 525 was 10,500 yuan/ton, down 200 yuan/ton from the 10th, and the production capacity of Saibaolong PS device was 200,000 tons/year.
4. [ABS] Ningbo Taihua ABS plant has a total production capacity of 450,000 tons/year, and the recent load is more than 80%. The ex-factory price of 15A1 was lowered, down 600 yuan to 12,100 yuan/ton.
5. [EVA] The EVA unit of Zhejiang Petrochemical has a production capacity of 300,000 tons/year, and the current load situation is normal. The ex-factory price of photovoltaic material V6110S was lowered, down 500 yuan to 12,000 yuan/ton.
textile
1. [Lint] According to the statistics of the United States Department of Agriculture (USDA), the national output in the United States in 2024/25 is expected to be 3.484 million tons, an increase of 857,000 tons year-on-year, consumption is expected to be 414,000 tons, an increase of 22,000 tons year-on-year, exports are expected to be 2.830 million tons, an increase of 152,000 tons year-on-year, and ending stocks are expected to be 806,000 tons, an increase of 283,000 tons year-on-year.
2. [Lint] Cotton exports from the 2023/24 crop year (ending September) are expected to increase by about 27% to 2.8 million bales, the Cotton Association of India (CAI) said.
3、【皮棉】全球最大的两家农作物贸易商路易达孚(Louis Dreyfus)和翱兰农业控股(Olam Agri Holdings)正竞相收购澳大利亚最大的棉花加工商纳莫伊棉花(Namoi Cotton)。
4. [PTA] On May 13, PTA started 70.84% and polyester started 86.44%. As of May 9, the comprehensive operating rate of chemical fiber weaving in Jiangsu and Zhejiang was 70.71% (the start of construction during the May Day period was adjusted to 67.72%), an increase of 2.99% from last week. The average number of days of terminal weaving orders was 14.36 days, a decrease of 1.23 days from before the holiday.
5. [Acrylonitrile] On May 13, the listed price of Shanghai SECCO acrylonitrile products was reduced by 200 yuan/ton to 10,800 yuan/ton.
steel
1. [Iron ore] According to foreign media reports, recently, Citigroup and Macquarie Group respectively gave the latest forecast value for iron ore prices in 2024, and Citigroup believes that iron ore prices will stabilize around $110 per ton in the second and third quarters of 2024. Macquarie Group expects iron ore to average US$116 per tonne in 2024.
2. [Steel pipe] According to the China Trade Remedy Information Network, on May 10, the Australian Anti-dumping Committee issued Announcement No. 2024/011, making the fourth final ruling on the anti-dumping exemption for precision steel pipes imported from Chinese mainland and South Korea, and the fourth final ruling on the products involved in the case in Chinese mainland.
3. [Ferrosilicon] HBIS ferrosilicon bidding inquiry in May was 7000 yuan/ton, and the price was 6600 yuan/ton in April, up 400 yuan/ton from the previous month, and the bidding quantity of HBIS 75B ferrosilicon in May was 1516 tons, and the bidding quantity in April was 1516 tons, which was flat compared with the previous round. Among them, Wuyang Xinkuan is 400 (-50) tons, Handan Iron and Steel is 400 (-100) tons, Shigang Special Steel is 100 (-66) tons, Tangshan Iron and Steel New Area is 450 (+50) tons, and Chenggang is 166 tons (+166).
colored
1. [Uranium] U.S. President Joe Biden signed a bill on the 13th to ban the United States from importing unirradiated low-enriched uranium produced in Russia.
2. [Gold] The Central Bank of Vietnam plans to auction 16,800 taels of gold on May 14.
3. [Zinc] On May 13, the inventory of zinc ingots in the London LME market was 251,400 tons, and the inventory decreased by 550 tons, of which 208975 tons of registered warehouse receipts and 42,425 tons of warehouse receipts were cancelled, accounting for 16.88%.
4. [Silicon Metal] Guangfu issued a notice to increase the number of industrial silicon futures listed contracts from 8 to 12. On May 20, 2024, SI2501, SI2502, SI2503, SI2504 and SI2505 contracts will be listed, and the benchmark price of the SI2412 contracts will be the settlement price of the previous trading day. From June 2024, one contract will be listed every month according to the principle of pick-one-hanging.
building material
1. [Cement] Affected by the rainy weather, on May 13, major manufacturers in Chengdu, Leshan, Meishan and other regions of Sichuan led the reduction of cement prices, a decrease of 10-20 yuan/ton.
2. [Paper] From May 13, the price of waste paper in Jiangsu Huai'an Guosheng Paper will be adjusted. Specifically: AA1480, A1450, B1380, 1330, 1330, 1290, 1290, 1290, 1230.
Henan Sui County Longsheng Paper pure white double glue lowered by 50 yuan/ton. After the adjustment, the price of the factory without a ticket: 1590 yuan/ton for special grade paper; first-class paper 1570 yuan; second-grade paper 1520 yuan; currency 1470 yuan; Factory yellow board paper edge: 1580 yuan/ton; The second grade is 1550 yuan/ton. Pure white paper edge level: pure white newspaper 2750 yuan/ton; Pure white double glue 2650 yuan/ton.
Agricultural and sideline
1. [Soybean] Department of Foreign Trade of the Ministry of Commerce: From April 16 to 30, 2024, the actual shipment of soybean imports was 634,600 tons, a year-on-year decrease of 88.27%; This month's import forecast is 3.0572 million tons, a year-on-year decrease of 72.87%; Next month's import forecast is 220,700 tons, a year-on-year decrease of 97.92%.
2. [Soybean oil] Department of Foreign Trade of the Ministry of Commerce: April 16-30, 2024 soybean oil