First, the price trend

This week (5.05-5.10) domestic 1# antimony ingot prices are lower, the domestic market early average price in 43250 yuan/ton, the weekend average price in 42250 yuan/ton, down 2.31%. The antimony commodity Index of May 10 was 58.82, down 0.69 points from yesterday, down 42.51% from 102.32 at the highest point in the cycle (2012-10-16), up 46.98 from its lowest point of 25.2% on December 24, 2015.

(Note: cycle refers to 2012-09-08 to date).

Second, the market analysis Upstream and downstream: antimony concentrate as of Friday domestic antimony sulfide Concentrate (Sb≥55%) market quotes in 34000-35000 yuan/metal tons, the average price of 34500 yuan/metal tons.

Hunan Area 50% Antimony Concentrate Market quotation range in 31500-33000 yuan/ton, the average price of 31750 yuan/ton; the price of antimony trioxide was lower in Wednesday, and by the end of the weekend SMM the average price of antimony trioxide was 99.5% in 37000 yuan/ton and 99.8% in 38500 yuan/ton. Domestic market: This week the price of antimony ingot is lower, as of Friday 2# high bismuth antimony ingot 39750 yuan/ton, 2# low bismuth antimony ingot 41000 yuan/ton, 1# antimony ingot 41500 yuan/ton, 0# antimony ingot 42500 yuan/ton.

Affected by the market downturn some manufacturers plan to overhaul, the market supply will be affected to a certain extent, but the actual inquiry situation is lower than 5.1 knots, the actual transaction is limited, poor shipping market wait-and-see sentiment is more intense. Nonferrous industry: This week, due to US President Trump’s “Twitter warning” about the progress of Sino-US trade talks, and determined to raise the tax on China’s imports of 200 billion of dollars to 25% in Friday, the Sino-US trade contradictions sharpened, market panic spread, global stock markets howling, a-shares plummeted, Shanghai index once lost the 2,900 point mark, Thousands of strands fell and stopped, commodities collectively weakened, and the basic metal floated green during the week. Next week, the United States and domestic data are still more, the data are still expected to be better, the foreign dollar may recover to bring new pressure, but domestic data or will boost market confidence, or will give the market a low recovery to stop the stable repair posture, next week will also enter the May delivery, metal spot will also follow the delivery rules and rhythm.

But the most important macro premise remains the outcome of the Sino-US trade war negotiations and the subsequent impact on the market

Third, the outlook of the aftermarket Domestic downstream demand is weak, some market people turn to export, but at present foreign spreads are limited, and can not form a support for the depressed domestic market. The market as a whole bearish sentiment is more intense, it is expected that the aftermarket will not rule out the possibility of continued lower.

On May 9, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from its peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic market price trend of p-xylene was temporarily stable on the 9th day. Pengzhou Petrochemical Plant operated steadily in the field. Urumqi Petrochemical Plant started 50% of its operation. Fuhai Created Aromatics Plant started a line. CNOOC Huizhou Refinery and Chemical Plant overhauled and Hengli Petrochemical PX Plant put into operation. Other units operated steadily temporarily. Due to the normal supply of p-xylene in the domestic market, the market price of p-xylene was stable. The trend of the latter is temporarily stable. The opening rate of PX plant in Asia is about 80%. On May 8, the market price of p-xylene in Asia is stable. The closing price is 885-887 US dollars/ton FOB in Korea and 904-906 US dollars/ton CFR in China. More than 50% of domestic imports are needed. The low price of external market has a negative impact on domestic market price of p-xylene, and the price trend of p-xylene in the market is temporarily stable.

On May 8, the price of WTI crude oil in June rose to 62.12 U.S. dollars per barrel, an increase of 0.72 U.S. dollars. The price of Brent crude oil in July rose to 70.37 U.S. dollars per barrel, an increase of 0.49 U.S. dollars. Crude oil price trend rose, which lost some cost support for the price of downstream petrochemical products, and the price trend of paraxylene market was temporarily stable. Recently, the textile industry has been stable for a while. PTA prices fluctuated on the 9th day. The average offer price in East China was raised near 6650-6750 yuan/ton. As of the 7th day, the domestic PTA start-up rate was about 78%, the polyester industry start-up rate was about 90.5%, and the downstream production and sales rate maintained a high level. However, PTA Market prices did not change much. It is expected that the price of PX market will remain volatile in the later period.

May 7, the hydrofluoric Acid Commodity Index was 96.91, up 0.27 points from yesterday, down 30.99% from 140.43 at the highest point in the cycle (2018-02-21), up 53.59 from its lowest point of 80.84% on November 30, 2016.

(Note: cycle refers to 2011-09-01 to present) According to statistics, 8th domestic hydrofluoric acid market price trend rose, the current domestic hydrofluoric acid market price of 10790 yuan/ton, domestic hydrofluoric acid start rate of less than 60%, enterprises reflect the current field of hydrofluoric acid spot supply tension, the recent field cargo situation in general, due to the higher raw materials fluorite, some hydrofluoric acid manufacturers production restrictions guaranteed, Hydrofluoric acid market price trend slightly increased. At present, the mainstream of hydrofluoric acid talks in the south is about 10500-11000 yuan/ton, and the price of hydrofluoric acid in the northern market is 10500-11000 yuan/ton.

Domestic hydrofluoric acid market price increase, spot supply is slightly reduced, but the demand is not real good, hydrofluoric acid market price slightly higher. Recently downstream refrigerant product plant started in low, the upstream fluorite and hydrofluoric acid demand in general, the recent downstream refrigerant trading market in general, hydrofluoric acid product price shock. Recently terminal downstream refrigerant market trading market cold, R22 refrigerant device surface started in 60%,R22 market installation rate of temporary stability, the main production enterprises Scatterwater factory price of 18000-18800 yuan/ton between, but the production enterprises do not have scatterwater spot, more than a small number of cylinders shipped mainly. In addition, the actual demand for the market changes little, the shipment market compared to the previous increase. Domestic R134A market price trend is not good, production enterprises plant construction rate to maintain low, refrigerant market demand in general, manufacturers shipped to export-oriented.

But the market transaction price changes are not big, merchants on demand procurement, recently due to poor delivery situation, hydrofluoric acid price trend shock. Refrigerant field transaction situation in general, refrigerant industry installation rate to maintain a low, for the upstream hydrofluoric acid market demand is normal, but hydrofluoric acid spot supply has decreased, business analyst Chen Ling think hydrofluoric acid market or will be slightly higher.