Which products have significantly increased in price in the past month?
CMS pointed out that in the past month, the prices of commodities such as coal, non-ferrous metals, certain chemical products, the new energy and photovoltaic industry chain, and memory chips have risen significantly. Coal prices have increased due to improved supply and demand and production restrictions from safety regulations, resulting in low inventory and recovering demand; metals such as tungsten, cobalt, and palladium have risen due to supply constraints and growing demand; chemical products like sulfur and sulfuric acid have seen price increases supported by costs; the new energy industry chain has experienced price rises due to strong demand; and memory chips have continued to rise in price due to a shift in production capacity towards high-end products, leading to tight supply and demand
CMS:
Recently, the price increases have mainly concentrated in coal, non-ferrous metals, certain chemical products, the new energy and photovoltaic industry chain, and memory storage.
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Coal has benefited from improvements in the supply-demand structure, with prices rising significantly. Supply-side safety regulations have continued to restrict coal production for nearly a month, coupled with a decline in imports, resulting in inventory levels being relatively low compared to the same period last year. On the demand side, the winter peak season is approaching, leading to a recovery in downstream demand such as thermal power.
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Most metal prices have risen, with tungsten, cobalt, and palladium seeing significant increases, mainly benefiting from rigid constraints on the supply side and sustained strong demand growth in emerging downstream sectors, supported by the macro backdrop of the Federal Reserve's interest rate cuts.
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Prices of certain chemical products with limited supply, such as sulfur, sulfuric acid (cost support), pure MDI, fluorochemicals, and monoammonium phosphate, have risen significantly.
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Prices in the new energy industry chain have mostly increased, mainly benefiting from strong demand in downstream energy storage, with cobalt products having cost support.
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Memory storage has benefited from the migration of production capacity to high-end series, resulting in tight supply and demand, with prices continuing to rise.
