Recently, the Fed’s Chairman Powell’s eagle remarks caused a heating rate for interest rate hikes, and the US dollar strongly dragged down oil prices. WTI’s April crude oil futures closed down 3.58%to $ 77.58/barrel, and vomited nearly half of the increase on March 1st; Brent in May of May crude oil futures fell 3.36%to US $ 83.29/barrel. Over the 1st. This is also the largest single -day decline in US oil and cloth since January 4.
Driven by the risk aversion caused by the collapse of the Silicon Valley Bank and the non -agricultural report, the three major stock indexes of the US stocks opened their collectives, and the beginning of the market fell rapidly. The S & P 500 index fell 62.05 points, a decline of 1.53%, at 3986.37 points. The Dow fell 574.98 points, a decrease of 1.72%to 32856.46 points. The NATO fell 145.40 points, a decrease of 1.25%to 11530.33 points.
European stocks closed down across the board, the German DAX30 index closed 1.31%, the British FTSE 100 index closed 1.68%, the French CAC40 index closed 1.30%, the European Stock 50 index closed 1.30%, the Spanish IBEX35 index closed 1.46%of 1.46% , Italian Fether MIB index closed down 1.56%. Star technology stocks fell together. Apple, Microsoft, Google A, and Nai Fei all fell more than 1%. Tesla fell more than 3%, a new low of five weeks since February 1.
The Federal Reserve ’s interest rate hike expects to intensify, and the price of more than a dozen large industrial products is a new low
Industry insiders said that the “star” bank with a total assets of up to $ 200 billion, Silicon Valley Bank, encountered a crowding in just 48 hours until bankruptcy, becoming a “black swan” incident that shakes the global financial market, exacerbating people’s interest rate hikes to the Federal Reserve hinders banks to obstruct banks from banks. The concerns of raising funds will drive the entire bank sector and the market to fall together. The continuous weakening of the crude oil end has also led to the trend of decline in more than a dozen commodities.
ABS falls below five-year low
In the past three months, ABS market all the way down, ABS is currently the worst in three years. The average price of East China’s mainstream market has fallen to 11,300 yuan/ton. Lianyi AG120 was quoted at 10,400 yuan per ton, a Jiangsu trader D-417 was quoted at 10,350 yuan per ton including tax, and Shandong Haijiang HJ15A was quoted at 10,850 yuan per ton including tax.
Jilin Petrochemical 0215A grade 19 annual mainstream price of 12306.8 yuan/ton, 20 annual report 12823.4 yuan/ton, 21 annual report 17174.9 yuan/ton, 22 annual report 12668.15 yuan/ton, 23 years fell to 11320.69 yuan/ton, fell to the lowest in 5 years.
PC has hit a new low in the past three years, and has plummeted 7,900 yuan/ton during the year
Domestic PC market weak shock finishing, hit a new low of nearly three years. Take Lianyi WY-111BR as an example: on March 9 last year, the quotation was 22700 yuan/ton, and then it fell all the way. In the first quarter of 2023, the market price has fallen to a new low of nearly three years. By March 10, the quotation was 14,800 yuan/ton, a year-on-year drop of 7900 yuan/ton.
Dongguan market PC/ Zhejiang iron wind /02-10R price peak in April 21, quote 26200 yuan/ton, then after a slump, as of February 23, 02-10R quote 14850 yuan/ton, down 11350 yuan/ton, down 43.32%.
Lithium carbonate hit a new low of more than 1 year, down 30 days
Since mid -February this year, the price of lithium salt has continued to decline, which has fallen below 500,000 yuan and 400,000 yuan. On average on March 10, it was reported to 34,1500 yuan/ton, a new low of more than one year, and fell for 30 days.
Tin fell to a new low for the year
Entering March, the trend of Shanghai Xixi continued in February of weak mood and continued to decline. At one time, since December 27, 2022, it has been reached to 197,330 yuan/ton. Londi is also green, and the decline has been smaller than Shanghai tin. It has touched the lowest to 24305 yuan/ton since December 28, 2022. Welded companies in Dongguan and Shenzhen have stated that due to the weak current demand for terminals and small orders to the upward transmission of welded welds, the year -on -year decrease of about 30 %. Therefore, the welding factory needs to reduce the processing fee to strive for orders, and the market competition is relatively fierce.
Shanghai nickel brush four months new low
Affected by factors such as the uplink of the US dollar, the mixed pricing of overseas nickel, the Fed’s interest rate hike, and the weak demand, the trend of nickel prices poured down. On March 3rd, the launch of the Shanghai nickel plate was once brushed to 18,5200 yuan/ton since November 1, 2022. The Nickel has reached a new low of US $ 24,100/ton since November 18, 2022, with a closing of nearly 3%. The monthly decline of Shanghai Nickel’s main force was 10.6%, and the monthly decline of Lun Nickel was 18.14%.
Lithium hydroxide price fell 110,000 yuan/ton
The average transaction price of lithium hydroxide fell 7,500 yuan/ton, a decrease of 110,000 yuan/ton from early February, a decrease of 20%, and fell 18%from the high value last year. At present, the industry is mostly low -cost orders.
Lithium hexifluoropathy has fallen by more than 40,000 yuan/ton
Lithium hexofluorophosphate fell 7,000 yuan/ton a day, and fell more than 40,000 yuan/ton in February, a decrease of 19.77%. The price fell below 300,000 yuan/ton in March, and the current price fell more than 71%from the high point in March 2022.
Lithium iron phosphate price fell 25,000 yuan/ton
In February, the lithium iron phosphate market narrowed down, down 2.97%, and the price fell 25,000 yuan/ton during the year, a decrease of 14.7%. Under the current market demand and the weakening of raw materials, the downward trend of lithium iron phosphate market is more obvious.
PA66 violently plunged 12500 yuan/ton
At 25050 yuan/ton on November 21 last year, as of the end of February, PA66 quoted 21,550 yuan/ton. In the past three months, PA66 fell 3500 yuan/ton, and in the past month, it fell 1500 yuan/ton. Henan Shenma EPR27 has a quotation in just one year to the current 20,750 yuan/ton, which has plummeted 12,500 yuan/ton during the year, a decline of over 38%. Imported goods such as Yakayama 1300S and DuPont 101L in the United States have also fallen all the way.
POM fell 9,200 yuan/ton last year than last year
The downstream factories have insufficient construction load, POM demand is not well performed, and the real transaction is limited. Taking the M90 brand as an example, as of now, the offer is 14,800 yuan/ton, a sharp decline of 9,200 yuan/ton compared with the same period last year, and the decline exceeded 38%.
PBT fell 8600 yuan/ton during the year
The market price of PBT has fallen by 4,200 yuan/ton in the past week, and has fallen by 1100 yuan/ton in the past month, a plunge of 8600 yuan/ton compared with the same period last year. Compared with the general materials or engineering materials, the relevant downstream products are also inevitable.
Epoxy resin falls 1100 yuan
The quotation of solid epoxy resin fell 1100 yuan/ton after the year, to 14,400 yuan/ton, and a 7.10%decrease in February, a decrease of 43%compared with the high value in recent years, and a 61%decrease from historical high value. The spot of liquid epoxy resin has fallen to 14933.33 yuan/ton, a monthly decrease of 10.04%.
Bisphenol A fell 800 yuan/ton during a month
Since February, in addition to a gentle period in the middle, bisphenol A has recently opened a rapid decline mode. As of March 8th, the offer was 9,500 yuan/ton, and the monthly declined 800 yuan/ton. At present, the overall inventory of bisphenol A has been digested slowly, the holder’s shipment is pressured, and the raw phenol patelone is regulated within the weekly center of gravity. The bisphenol A industry is confident, and some of them are cautious to make benefits.
Post time: Mar-20-2023