SunSirs: In November – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Fri, 03 Dec 2021 06:29:12 +0000 zh-CN hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg SunSirs: In November – Amine Catalysts https://www.newtopchem.com 32 32 SunSirs: In November, Domestic Market Price of Sulfur Went Down https://www.newtopchem.com/archives/16764 Fri, 03 Dec 2021 06:29:12 +0000 http://www.newtopchem.com/archives/16764   Price trend

  According to the price monitoring of SunSirs, on November 30, the average ex-factory price of sulfur in East China was 2,000.00 RMB/ton. Compared with the average ex-factory price of 2,213.33 RMB/ton at the beginning of the month, it was a decrease of 5.81% during the month and an increase of 109.06% year-on-year.

  Analysis review

  In November, the domestic sulfur market was dominated by consolidation, and the price trend fell sharply. During the month, domestic refineries in various regions maintained low inventory operations, downstream factories and traders purchased on demand, and corporate shipments were relatively smooth. Domestic sulfur manufacturers adjusted their quotations based on their own sales and the sulfur market was running on the sidelines. In terms of ports, spot resources were tight, and cargo holders were cautious.

  The downstream sulfuric acid market continued to decline. During the month, mainstream sulfuric acid manufacturers in Shandong slightly lowered the price of sulfuric acid. The inventories of the manufacturers were small, and the downstream purchasing enthusiasm was average. The market was weakly down due to weak supply and demand.

  In terms of phosphate fertilizer, the winter storage market was progressing slowly. In November, the market for ammonium biphosphate and DAP was weak, the market demand was general and the trading atmosphere on the market was weak. DAP companies maintained their pre-orders and prices were stable, the price trend of ammonium biphosphate declined, which provided weak support for sulfur.

  Market outlook

  Sulfur analysts of SunSirs believe that the domestic sulfur price market is weak. Although the current domestic refinery inventories are still low and the company’s shipments are smooth, the phosphate fertilizer market demand is weak and the support for sulfur from end consumption is not enough. It is expected that the sulfur market will wait-and-see and sort out, with specific attention to market transactions.

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SunSirs: In November, Price of Precious Metals in the Chinese Market Dropped Slightly https://www.newtopchem.com/archives/14192 Thu, 02 Dec 2021 05:53:52 +0000 http://www.newtopchem.com/archives/14192 Precious metal spot price trends
The average price of silver in the early trading on November 30 was 4717.33 yuan/kg, compared with the average price of 4846 yuan/kg in the spot market at the beginning of the month (November 1), a decrease of 2.63%; compared with the spot price of silver at the beginning of the year (01.01), 5550 yuan/kg , A decrease of 14.99%.
On November 30, the gold spot market price was 370.19 yuan/g, down 0.42% from the beginning of the month (11.01) spot market price of 369.60 yuan/g; compared with the beginning of the year (01.01) gold spot price was 392.70 yuan/g, down 6.28%.
The price trend of precious metals, gold and silver in the past year
The precious metals gold and silver have relatively good convergence, and the price of silver has a larger amplitude, and the direction is basically the same. Recently, the price of silver has fallen rapidly at the end of September, and the price of precious metals has risen and fallen in the same range. After the return of the National Day, the price of silver has bottomed out and the price of silver has fluctuated greatly. Judging from the year-on-year fluctuations, the current ups and downs of precious metals are converging.
Precious metals and crude oil price trends
Last Friday, affected by the panic impact of the variant epidemic in South Africa, the US strategic reserve dumped its reserves, which drove the release of crude oil reserves from many countries to the market, affecting the crude oil market supply, suppressing the plummet of crude oil prices to a certain extent, falling risk commodities, and highlighting the function of precious metals for hedging and hedging. , As the mood eased, the price of precious metals fell slightly.
Info
The minutes of the November FOMC meeting announced by the Federal Reserve, the expectation of “early interest rate hikes” and the accelerated reduction of debt purchase expectations rose, and precious metal prices were suppressed to a certain extent last week. On Friday, the South African new crown virus variant news surface, superimposed on the crude oil reserve news surface, triggered a downward shift in risky assets, boosting the hedging demand for precious metals.

On the whole, the monetary policies of various governments have a tendency to reduce stimulus measures, and interest rate hikes tend to push up the yield of public bonds and increase the opportunity cost of holding non-interest-bearing asset gold; as the panic of the epidemic disappears, the precious metal market has pulled back sharply today. It is expected that the upside of precious metal prices will be narrowed in the short term, with weak and fluctuating prices dominated.

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