1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 18th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6700 yuan/ton, which is 0.15% lower than the reference average price of 6710 yuan/ton on August 11th.

2、 Market analysis
Market Aspects
This week, the domestic phosphoric acid market prices have slightly declined. As of August 18th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6850 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6500-7450 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus first fell and then rose, with an overall price reduction. At present, there is no pressure on inventory in the yellow phosphorus market, and manufacturers are mainly pushing prices. Downstream urgent need for replenishment, purchase at lower prices. Expected short-term yellow phosphorus market price consolidation and operation.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stabilizing recently. After the rise in the price of raw material yellow phosphorus, it has been consolidated and operated, but cost support still exists. The trading atmosphere in the phosphoric acid market is light, and downstream demand replenishment is needed. It is expected that the short-term domestic phosphoric acid market will mainly experience consolidation and operation.

This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of August 15th, the price of phthalic anhydride in neighboring countries was 6300 yuan/ton, a fluctuating decrease of 3.82% compared to the price of 6550 yuan/ton on August 8th. This week, the prices of neighboring benzene fluctuated and fell, the prices of industrial naphthalene fluctuated and fell, the cost of phthalic anhydride decreased, and the downward pressure on phthalic anhydride increased. The equipment load of phthalic anhydride decreased this week, and the operating rate of phthalic anhydride enterprises slightly decreased by 3%. The supply of phthalic anhydride decreased, and the downstream plasticizer market fluctuated and fell. The equipment operating load of plasticizer enterprises increased, and the demand support for phthalic anhydride increased. Supply has decreased and demand has rebounded, coupled with cost reduction, resulting in a volatile decline in phthalic anhydride prices this week.
The cost of phthalic anhydride has decreased, and the supply is sufficient
As of August 15th, Sinopec’s ortho benzene quotation was 6400 yuan/ton, a fluctuating decrease of 3.03% compared to last weekend’s ortho benzene quotation of 6600 yuan/ton. The price of industrial naphthalene fluctuated and fell, the price of ortho benzene fell, the cost of phthalic anhydride decreased, the pressure of phthalic anhydride decline increased, and the price of phthalic anhydride fell. The price of naphthalene phthalic anhydride was 6100-6200 yuan/ton, and the price of ortho phthalic anhydride was 6200-6400 yuan/ton. In August, the operating load of phthalic anhydride equipment decreased, and the operating rate of phthalic anhydride enterprises dropped to 60%, resulting in a reduction in phthalic anhydride supply.
Demand side: Downstream production decreases, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 15th, the DOP price was 7759.16 yuan/ton, a fluctuating decrease of 0.96% compared to the DOP price of 7834.16 yuan/ton on August 8th. This week, many of the shutdown devices of DOP enterprises have returned to normal, and the operating load of DOP enterprises has remained stable at a high level. This week, DOP starts at a high level, plasticizer production is sufficient, demand for phthalic anhydride is recovering, and the support for phthalic anhydride price increases is increasing.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies are operating steadily at a high level, plasticizer production is increasing, and demand for phthalic anhydride is recovering; On the supply side, the equipment operating load of phthalic anhydride enterprises has decreased, resulting in a reduction in phthalic anhydride supply. In terms of cost, the price of ortho benzene has decreased, and the cost of phthalic anhydride has decreased. In the future, as the supply of phthalic anhydride decreases and demand recovers, coupled with a decrease in costs, it is expected that the price of phthalic anhydride will fluctuate and fall in the future.

The domestic acetone market experienced a narrow decline. The East China acetone market reported an average daily price of 4820 yuan/ton from August 1st to 4730 yuan/ton on August 8th, a decrease of 1.87%. From the perspective of the national acetone market, there are fluctuations of the same magnitude.

The domestic acetone market has experienced a narrow decline, with Sinopec companies lowering their listing prices within the week. East China Company has implemented a price of 4800 yuan/ton, and the operating rate of domestic phenol ketone factories has increased to 75%. Shipping pressure has also increased, and the market is showing a downward trend. The actual trading volume release is limited, and there is insufficient trading. As of now, the cargo volume of acetone in East China in August is 38000 tons, reaching 16000 tons.
The acetone offers in major mainstream markets across the country on August 8th are as follows:
Region. Quotation on August 8th /8.1-8
East China region / 4710./ -100
Shandong region / 4770./ -200
Yanshan region / 4820./ -120
South China region / 4850./ -120

From a business perspective, it is expected that acetone may experience a slight increase next week. From the supply side, there has been little change in domestic equipment, and imported resources have been gradually replenished, while port inventory remains high. From the perspective of demand, downstream bisphenol A and isopropanol units have seen some improvement, while MIBK has not fluctuated significantly. However, overall procurement is still mainly based on demand, but with the passing of high temperature weather, the overall demand for solvent products will improve. From a cost perspective, the pure benzene market is operating relatively strongly. At present, the acetone market is at a low level, and it is expected that the acetone market will remain stable or have a narrow upward trend next week.

The price of ethylene glycol first rose and then fell in July
In July, the price of ethylene glycol first rose and then fell, showing an inverted “V” trend. In the early stage, influenced by anti involution sentiment, the price of bulk commodities showed an upward trend, and the price of ethylene glycol steadily rose. This week, coal prices have fallen, and ethylene glycol prices have slightly decreased.
Negative factors of ethylene glycol in August
1. The Saudi installation has been restarted, and concerns about overseas supply have subsided. Although the current arrival and import data are relatively low during the same period, the turning point is approaching, and import arrivals will gradually rebound;
2. There has been a slight increase in the negative load of ethylene glycol plants both domestically and internationally, with strong expectations for a rebound in supply;
3. The traditional off-season for domestic demand (terminal demand) is from July to August, and the demand expectation for ethylene glycol is weak during the consumption off-season;
Positive factors for ethylene glycol in August
1. Short term MEG inventory is low, although there is an expectation of accumulated inventory, the overall situation from July to September is still at a low level and the supply and demand are relatively balanced;
Although the overall anti involution sentiment of the product has been interrupted recently, the trend atmosphere is still present.
Future expectations
Overall, it is expected that the price of ethylene glycol will experience weak fluctuations in August.

1、 Price trend

According to monitoring data from Shengyi Society, the price of baking soda has been weak this month, with an average market price of 1272 yuan/ton at the beginning of the month and around 1257 yuan/ton at the end of the month, a decrease of 1.49% and a year-on-year decrease of 41.28%. On July 30th, the Business Society Baking Soda Index was 83.16, unchanged from yesterday and hitting a historic low within the cycle, a decrease of 64.74% from the highest point of 235.84 on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1270 yuan/ton in Henan region and 1300-1400 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Raw materials: According to monitoring data from Business Society, the overall price of soda ash rose in July. The average market price of light soda ash at the beginning of the month was 1258 yuan/ton, and the average market price at the end of the month was around 1302 yuan/ton, with a price increase of 3.5%, which is 34.48% higher than the same period last year.
Business analysts believe that the price of baking soda has been weak in recent times, with the upstream raw material soda ash showing overall strong performance in July. However, downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.

1、 Price trend

According to data monitored by Shengyi Society, as of July 30th, the average price of domestic industrial grade high-quality cyclohexane was 7266 yuan/ton. In July, cyclohexane prices were running narrowly and weakly, with a price increase of 0.46% compared to the same period last month. Currently, cyclohexane holders have firm quotations, and the atmosphere of on-site negotiations is still acceptable. The trading market follows the market trend, and downstream markets mainly purchase according to demand.
2、 Market analysis
In terms of the market, the cyclohexane market operated narrowly and weakly in July, with a small range of price fluctuations. Currently, the focus of negotiations in the domestic cyclohexane market is stable, and the operation of equipment is normal, with sufficient spot supply and downstream essential procurement as the main focus. The positive support from the supply side is not obvious, and the internal state of the market is stable, with cautious operations and a wait-and-see attitude. The overall market negotiation focus is stable, with no pressure on factory shipments and considerable profits. The overall market is moving upward.
Upstream: In July, the pure benzene market operated steadily, with prices in Shandong ranging from 5800 to 5900 yuan/ton. The market negotiations were focused on a high level, and the market sentiment was positive. Overall prices increased more or decreased less. Currently, downstream demand is still acceptable, shipments are smooth, and the market supply is sufficient without pressure. It is expected to maintain a strong trend in the short term, with limited price fluctuations.
Downstream: As of July 30th, the low price of cyclohexanone in the East China market has decreased, and downstream demand is average. The market has a narrow upward trend, with a reference price of 7400 yuan/ton in the East China market. The production of equipment is normal, and the supply in Inner Mongolia has decreased, with limited room for increase. The domestic cyclohexanone price reference is around 7400 yuan/ton. The overall market purchasing enthusiasm is not good, and the sentiment is low. The cyclohexanone in the South China market is consolidating and operating, and downstream purchases are made according to demand. The market spot supply is stable.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the current demand for cyclohexane in the market is average, and there is a lack of upstream support. It is expected that the cyclohexane market will remain stable in the short term.

According to the Commodity Market Analysis System of Shengyi Society, since mid July, there has been a combination of long and short positions, and the soybean meal market has risen before falling back. On July 15th, the average market price of soybean meal was 2924 yuan/ton, and on July 25th, the average market price of soybean meal was 2964 yuan/ton, with a price increase of 1.37%.

Long Short Game: The domestic soybean meal market rises and then falls back
Since mid July, due to a decrease in the planting area of US soybeans in foreign markets and a decline in production estimates, there has been some support for the domestic soybean meal futures market. The futures market has risen, and the soybean meal spot market has experienced a wave of gains. Due to weak demand for terminal aquaculture and poor transaction volume in the soybean meal market, the market has gradually declined after rising, with prices mainly fluctuating and rising. The adjustment range is 50 yuan/ton, and the market average price is still around 2900 yuan/ton.
The soybean meal analyst from Shengyi Society believes that in August, the quantity of imported soybeans will continue to increase, the operating rate of soybean oil plants will improve, and the terminal demand will be sluggish. The upward space for soybean meal market in the future is limited.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash first fell and then rose this week. As of July 21, the average market price of soda ash was 1166 yuan/ton, a decrease of 8 yuan/ton compared to the soda ash price of 1174 yuan/ton on July 14, a decrease of 0.68%.
2、 Market analysis
The soda ash market has been fluctuating recently. In the early stage, due to the recovery of some maintenance devices on the supply side, market supply increased, and business confidence was insufficient. In addition, downstream production decreased, resulting in weak demand for soda ash and a weak downward shift in the focus of soda ash transactions; The guidance of later policy messages has driven the main futures contracts to fluctuate upwards, while downstream purchases have increased. Driven by market sentiment, the price of soda ash has slightly rebounded. On July 21st, the price of light soda ash in East China was raised by 20 yuan/ton, with a price range of 1100-1200 yuan/ton; Light soda ash in Central China has been raised by 40 yuan/ton, with a price range of 1140-1250 yuan/ton.
According to the price monitoring of Shengyi Society, in the 28th week of 2025 (7.14-7.18), there were 1 commodity that rose, 3 commodities that fell, and 2 commodities with zero rise and fall in the chlor alkali industry price list. The main commodities that have risen are: caustic soda (0.23%); The main commodities experiencing a decline are: light soda ash (-1.36%), baking soda (-1.29%), and PVC (-0.17%). The average increase or decrease this week is -0.43%.
According to the commodity analysis system of Shengyi Society, the downstream glass market has slightly increased. From July 14th to 21st, the price of glass increased from 14.10 yuan/square meter to 14.68 yuan/square meter, an increase of 4.11%. Some production lines in the glass market are still undergoing cold repairs, and the overall operating rate has not changed much. However, downstream demand has increased, and glass inventory has been significantly reduced, resulting in a strong upward trend in price.
Future forecast: Currently, the price trend of soda ash is rising, and the mentality of industry players is quite high. With the boost of policy news, downstream demand has also improved, but the overall supply and demand are still weak, which may have a certain degree of suppression on the increase of soda ash prices. It is expected that the soda ash market will fluctuate in the later stage, and prices may rise slightly. Please pay attention to downstream demand for follow-up.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has risen this week. The average market price at the beginning of the week was 861 yuan/ton, and the average market price over the weekend was 863 yuan/ton, with a price increase of 0.23% and a year-on-year increase of 5.5%. On July 17th, the Business Social Chemical Index was 770 points, a decrease of 1 point from yesterday, a decrease of 45.00% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 28.76% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of caustic soda has remained strong this week. The price of caustic soda in Shandong region is around 810-900 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with a mainstream market price of 870-930 yuan/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is stable, with a mainstream market price of 2700-2800 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. From the perspective of Shandong region, the market supply has decreased compared to the previous period, but alumina is mostly purchased on demand, while non aluminum receiving is mainly purchased on demand.
Business Society analysts believe that in recent times, caustic soda prices have been operating strongly. Domestic downstream demand has been average, and caustic soda prices have remained stable. However, downstream demand is expected to increase as equipment maintenance gradually recovers and market supply increases. As prices rise, the downstream market is resistant to the comprehensive forecast of caustic soda maintaining a stable operation in the later stage. The specific situation depends on downstream market demand.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on July 11th was 1233 yuan/ton, an increase of 2.78% compared to the average price of 1200 yuan/ton on July 7th.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have shown a strong upward trend. The operating rate of ammonium sulfate enterprises has remained stable this week. At present, the supply of ammonium sulfate in the market is stable, with manufacturers offering high prices and downstream suppliers replenishing as needed, creating a good trading atmosphere. The rise in international urea prices is favorable for the ammonium sulfate market, driving up the price of ammonium sulfate.
market conditions
As of July 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1145 yuan/ton. The mainstream ex factory quotation for domestic grade ammonium sulfate in Shandong region is around 1180-1240 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market has been dominant. At present, the trading of ammonium sulfate market is stable, and the printing price exceeds expectations. The optimistic attitude of the nitrogen fertilizer market has increased. It is expected that the domestic ammonium sulfate market price will be relatively strong in the short term and will continue to consolidate and operate.

Price trend (7.1-7.7)

At the beginning of the week, market news showed that due to equipment failures and maintenance by some companies, the supply in the Shandong market was tight, inventory was not under pressure, and enterprise offers were stable. The dichloromethane market slightly increased, but downstream demand did not improve. Coupled with the previous equipment load reduction and enterprise load increase, supply and demand were deadlocked, and the market remained stable with an upward trend. According to the monitoring of the commodity market analysis system of Shengyi Society, as of July 7th, the average price of dichloromethane dispersed water in Shandong Province was 2217 yuan/ton, with a weekly increase of 5.09% and a year-on-year decrease of 8.77%.
analysis of influencing factors
Supply side: favorable support for device shutdown and load reduction
Device dynamics: The overall industry production has fallen to around 80%, and supply is becoming tight. According to market news, the overall low load operation is currently providing support for the market
Inventory pressure: low-priced enterprises had better destocking at the end of last month, coupled with a decrease in supply, the on-site inventory is still acceptable.
Cost side: The prices of methanol and liquid chlorine continue to weaken, and the cost support for dichloromethane is insufficient
Methanol: Due to maintenance in mainland China and a decrease in arrivals at ports, the demand for olefins at ports has decreased. The traditional off-season demand has led to a fluctuating downward trend in the methanol market. As of July 7th, the benchmark price of methanol in Shengyi Society was 2447.50 yuan/ton, a decrease of 12.75% during the week.
Liquid chlorine: Due to low supply and demand in the Shandong market, the price of liquid chlorine has fallen sharply.
Demand side: Traditional downstream industries are suppressed by seasonal factors, resulting in weak purchasing intentions
Dichloromethane is widely used in the fields of refrigerants, pharmaceuticals, coatings, adhesives, electronic cleaning, etc., and is often purchased at low prices and in high demand. Part of the downstream (coatings, adhesives) are affected by high temperatures, rainy seasons, and environmental inspections, resulting in a decrease in operating rates and weak demand.
The refrigerant is still in the peak demand season, and R32 is basically producing at full capacity, with a significant increase in stability. Although the peak season for refrigerants supports some demand, the increase in external procurement is limited due to the high proportion of self-produced refrigerants and quota restrictions. If there is no significant improvement in terminal consumption, weak demand or sustained price increases are suppressed.
Future prospects
It is expected that the dichloromethane market will maintain a strong and volatile trend in the short term, but the upward space may be constrained by demand. Suggest paying attention to device dynamics, inventory changes, and downstream order follow-up.

In July, the market price of anhydrous hydrogen fluoride in East China decreased by about 500 yuan/ton compared to the previous month. According to the analysis system of Shengyi Society, as of July 4th, the benchmark price of hydrofluoric acid in Shengyi Society was 10800 yuan/ton, a decrease of 2.99% compared to the end of last month.
On the raw material side, the domestic fluorite price trend continues to decline. As of July 3rd, the benchmark price of fluorite in Shengyi Society was 3150.00 yuan/ton, a decrease of 0.98% compared to the beginning of this month (3181.25 yuan/ton). The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. However, as the temperature rises, northern enterprises gradually start operating, and the supply of fluorite enterprises on site has increased, with sufficient inventory. The price center of fluorite market has decreased, and the cost support of hydrofluoric acid is weak, resulting in a decline in hydrofluoric acid prices in July.

On the demand side: Although the downstream refrigerant market is in the traditional peak season, due to weak terminal demand and low stocking enthusiasm, upstream products are mainly purchased on demand, and there is a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses. The demand for downstream refrigerants is average, and the market price of hydrofluoric acid continues to decline.
Market forecast: The price trend of raw material fluorite is declining, downstream terminal demand is weak, supply and demand are not supported by favorable factors, market trading is sluggish, and it is expected that the anhydrous hydrogen fluoride market will operate weakly and steadily in the later stage. More attention should be paid to the news of leading enterprises and market supply and demand situation.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the recent trend of soda ash prices has decreased. As of June 30th, the average market price of soda ash was 1264 yuan/ton, a decrease of 20 yuan/ton compared to the June 23rd soda ash price of 1284 yuan/ton, a decrease of 1.56%.
2、 Market analysis
Recently, the soda ash market has been weak and declining. The operating rate of supply side equipment remains high, the market inventory has increased, and the sales pressure of soda ash enterprises is significant; The downstream market is lukewarm, terminal trading is limited, downstream demand for soda ash is average, soda ash companies have poor shipments, and the market transaction center has shifted downwards.
As of June 30th, the reference price for soda ash in North China is around 1180-1250 yuan/ton for light soda ash, with a reduction of 80-150 yuan/ton; The mainstream quotation for light soda ash in East China is around 1140-1300 yuan/ton, with a reduction of 30-100 yuan/ton; The mainstream quotation for light soda ash in Central China is around 1130-1300 yuan/ton, and the price remains stable.
According to the commodity analysis system of Shengyi Society, the downstream glass market is weak and limited. From June 23rd to 30th, glass prices remained at 13.82 yuan/square meter with no significant fluctuations. The downstream consumption of glass is slow, with a small amount following up on demand. The glass market is generally overstocked, and companies are adopting a wait-and-see attitude. The price market is operating steadily.
Future forecast: Currently, the utilization rate of soda ash production capacity is running at a high level, with significant inventory pressure on soda ash enterprises and flat downstream transactions. The demand for soda ash is limited, and there is a clear supply-demand contradiction in the market. It is expected that the soda ash market will continue to operate weakly in the later stage, and specific attention should be paid to downstream demand follow-up.

The phthalic anhydride market remained weak and consolidated in June

According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the price of phthalic anhydride in neighboring countries was 6916.67 yuan/ton, a fluctuating decrease of 0.48% compared to the price of phthalic anhydride at 6950 yuan/ton on June 1st. In June, the price of phthalic anhydride first fell and then rose, and the price of industrial naphthalene fluctuated and fell. The cost support for phthalic anhydride weakened. In June, phthalic anhydride equipment was briefly overhauled, and the operating rate of phthalic anhydride enterprises decreased to about 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market fluctuated and consolidated. The operating load of equipment for plasticizer enterprises decreased significantly, and the demand support for phthalic anhydride weakened. Due to sufficient supply and weak demand, the price of phthalic anhydride fluctuated and fell in June.
Reduced cost support for phthalic anhydride and sufficient supply
In June, the price of ortho benzene fluctuated and fell. At the end of the month, Sinopec quoted a price of 7000 yuan/ton for ortho benzene, which first fell and then rose compared to 7100 yuan/ton at the beginning of the month. Industrial naphthalene prices have fluctuated and fallen, and the cost support for phthalic anhydride has weakened. In June, the phthalic anhydride equipment underwent a brief maintenance, and the operating rate of enterprises was consolidated. The operating rate of the domestic phthalic anhydride industry was about 6.5%, and the supply of phthalic anhydride was sufficient. The weakening of cost support and sufficient supply have weakened the support for the rise in phthalic anhydride prices in June.
Demand side: DOP prices fluctuate and consolidate
According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the DOP price was 8259.17 yuan/ton, fluctuating and consolidating compared to the June 1st DOP price of 8250.83 yuan/ton, with an increase of 0.10%. In June, DOP production decreased, and the operating rate of the plasticizer industry dropped below 60%. DOP prices remained stable at a high level, plasticizer production decreased, demand for phthalic anhydride weakened, and support for phthalic anhydride price increases weakened.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have seen a decline in production, a decrease in plasticizer output, and weakened support for phthalic anhydride demand; In terms of supply, the production of phthalic anhydride enterprises has slightly decreased, and the supply of phthalic anhydride is sufficient. In the future, with sufficient supply and weak demand, it is expected that the price of phthalic anhydride will remain weak and consolidate.

According to the Commodity Market Analysis System of Shengyi Society, the domestic natural rubber spot market fluctuated and rose in June. As of June 30th, the spot rubber market in China’s natural rubber market was around 13858 yuan/ton, an increase of 4.13% from 13308 yuan/ton at the beginning of the month.

The rise in natural rubber prices in June was mainly boosted by financial sentiment, with Shanghai rubber rising, driving up spot prices. The fundamentals of the natural rubber spot market in June are not optimistic. Downstream tires start to rise first and then fall, providing support for natural rubber; The natural rubber raw material market has fallen sharply, and the cost center of natural rubber has shifted downwards; The domestic natural rubber inventory continues to increase slightly, which has a negative impact on the natural rubber market. As of June 30th, the mainstream price for 23 years of Guangken, Baodao, and Haibao latex in Qingdao area ranges from 13800 to 14100 yuan/ton.
The price of natural rubber raw materials fell sharply in June. As of June 30th, the price of Thai glue was 56.00 Thai baht/kg, a decrease of 8.57% compared to 61.25 Thai baht/kg at the end of May. At present, the Yunnan production area in China has entered the cutting stage. Although Thailand and Hainan have recently experienced increased precipitation and high prices, the expected increase in global supply in the later stage is not reduced, and the price of natural rubber raw materials is expected to continue to decline in the later stage.
The natural rubber inventory continued to increase slightly in June, which had a bearish impact on the natural rubber market. As of June 22, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 617300 tons, a slight increase from 614600 tons at the end of May.
In early June, the construction of downstream tires during the Loong Boat Festival holiday was at a low level. After the festival, the construction of tires increased significantly. In the middle and late months, the construction of tires again declined slightly. On the whole, the downstream tire industry in June maintained a just needed support for natural rubber. As of June 27th, the production of semi steel tires by domestic tire companies has slightly decreased to around 7.10%; Around 6.20% of all steel tire production in Shandong tire enterprises has started.
Market forecast: When domestic and foreign raw material prices stabilize at high levels and then decline, downstream tires will support the demand for natural rubber, and the inventory at Tianjiao Port will remain high; Overall, it is expected that the natural rubber market will consolidate weakly in the later stage.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of June 23, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6710 yuan/ton, which is 0.74% lower than the reference average price of 6760 yuan/ton on June 16.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have fallen this week. As of June 23rd, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6900 yuan/ton, in Yunnan region it is around 6500 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6500-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has fallen this week. Downstream price cutting procurement has a resistance to high prices. It is expected that the short-term yellow phosphorus market transaction price will weaken and decline.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak and declining recently. The price of raw material yellow phosphorus has weakened, and there is insufficient cost support. The trading volume in the phosphoric acid market is light, with limited new orders in the market. It is expected that in the short term, the domestic phosphoric acid market prices will mainly weaken and decline.

price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the isopropanol market first rose and then fell this week, and overall the price has slightly increased. At the beginning of the week, the average price of isopropanol in China was 6141.67 yuan/ton, and over the weekend it was 6166.67 yuan/ton, with a price increase of 0.41%.
This week, the isopropanol market first rose and then fell, with a slight increase in overall prices. The overall market situation of isopropanol is average, with weak costs over the weekend, weak demand, lack of confidence among industry players, and a weak downward trend in negotiation focus. As of now, most of the isopropanol market prices in Shandong are around 6000-6100 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6200-6300 yuan/ton.
Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market rose first and then fell this week. The price of raw material acetone has declined, while the price of propylene has increased. Overall, the cost support is average. The downstream market demand is weak, and the shipment of goods by holders is not smooth. It is expected that the isopropanol market will operate weakly in the short term, with a focus on buying for essential needs and paying more attention to changes in the raw material market.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash has continued to decline this week. As of June 13th, the average market price of soda ash was 1310 yuan/ton, a decrease of 1.36% compared to the June 6th soda ash price of 1328 yuan/ton, and a decrease of 5.48% compared to the beginning of the month.
2、 Market analysis
This week, the soda ash market is experiencing a weak downward trend. The supply side maintenance equipment has resumed operation, the operating rate of the equipment has increased, the market supply is sufficient, and the sales pressure of soda ash enterprises has increased; The downstream market is weak, terminal trading is sluggish, downstream demand is not high, and there is insufficient support for soda ash. The mentality of soda ash enterprises is poor, and the market transaction center continues to decline.
As of June 13th, the reference price for soda ash in North China is around 1260-1400 yuan/ton for light soda ash, with a reduction of 40 yuan/ton; The mainstream quotation for light soda ash in East China is around 1210-1400 yuan/ton, with a reduction of 70 yuan/ton; The mainstream quotation for light soda ash in Central China is around 1200-1330 yuan/ton, with a reduction of 20 yuan/ton.
According to the commodity analysis system of Shengyi Society, the downstream glass market is weak and limited. From June 6th to 13th, the price of glass decreased from 14.00 yuan/square meter to 13.80 yuan/square meter, a decrease of 1.43%. The downstream consumption of glass is slow, demand continues to be weak, the glass market has obvious inventory accumulation, and the shipment of enterprises is poor, resulting in a weak downward trend in price focus.
Future forecast: Currently, the utilization rate of soda ash production capacity has increased, leading to significant inventory pressure for soda ash enterprises. Downstream demand continues to be weak, resulting in limited consumption of soda ash and ongoing supply-demand conflicts within the market. It is expected that the soda ash market will be weak in the later stage of consolidation and operation, with specific attention paid to downstream demand follow-up.

This week, the domestic fluorite price trend has declined. As of the weekend, the average price of fluorite in China was 3275 yuan/ton, a decrease of 4.03% from the beginning of the week price of 3412.5 yuan/ton and a year-on-year decrease of 14.80%.

Supply side: The mine is operating normally, and the supply of fluorite is normal
The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tense, and backward mines will continue to be eliminated. In terms of new mines, mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. However, with the rise of temperature, northern enterprises are gradually starting production, and the supply of fluorite enterprises on site has increased. The lack of active procurement has led to sufficient spot goods on site, and some fluorite manufacturers have a strong sentiment of destocking, resulting in a continuous decline in the fluori.
Demand side: The price of hydrofluoric acid has declined, and the refrigerant market is still acceptable
This week, the domestic price of hydrofluoric acid has decreased, and the mainstream price for hydrofluoric acid negotiations in various regions of China is 10900-11400 yuan/ton. Some downstream hydrofluoric acid units are still shut down, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and the overall production of hydrofluoric acid remains at more than 50%. Fluorine enterprises maintain essential orders, and hydrofluoric acid enterprises are in a loss making state. They are not active in purchasing raw fluorite, and downstream merchants have a strong wait-and-see attitude. Both buyers and sellers have weak expectations for the future due to poor demand digestion. Recently, some hydrofluoric acid manufacturers have seen prices decline, which has greatly affected the fluorite price market.
The downstream refrigerant market in the terminal industry is still promising, and the terminal policy of the refrigerant industry is being strengthened. Demand is expected to achieve substantial improvement. Fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. Currently, the pace of high price procurement is relatively slow, but the industry inventory is transmitting in a positive and orderly manner. Due to high prices, the enthusiasm for stocking up in the terminal industry is low, and upstream products are mainly purchased on demand. The trend of refrigerant market is average, while the fluorite market continues to decline.
In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF、 Graphite negative electrodes, photovoltaic panels, etc., have received certain support in the application of fluorite due to the demand for new energy and semiconductors.
Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production and undergone safety inspections. The tight supply of fluorite mines is a positive support for the fluorite market. However, in some areas, the lack of active fluorite procurement has led to an increase in inventory. In addition, downstream resistance to high prices is severe, and hydrofluoric acid enterprises mainly purchase on demand, with no actual increase in demand. In addition, the market price of hydrofluoric acid is low. Overall, the fluorite market price is prone to decline but difficult to rise in the short term.

The price of plasticizer DOP first fell and then rose

According to the Commodity Market Analysis System of Shengyi Society, as of June 6th, the DOP price was 8267.50 yuan/ton, a decrease followed by an increase of 0.20% compared to the June 1st DOP price of 8250.83 yuan/ton; Compared to June 3rd, the DOP price of 8192.50 yuan/ton fluctuated and rose by 0.92%. The operating rate of plasticizer DOP enterprises was temporarily stable at a low level, the downstream demand for plasticizers was poor, and the rise of plasticizer prices was sluggish. After the Dragon Boat Festival, the demand for plasticizers recovered briefly, and plasticizers fell first and then rose. In addition, the price of raw material isooctanol first fell and then rose, the price of phthalic anhydride fluctuated and fell, the cost of plasticizers first fell and then rose, and the price of plasticizers first fell and then rose.
The price of raw material isooctanol first fell and then rose
According to the Commodity Market Analysis System of Shengyi Society, as of June 6th, the price of isooctanol was 7550 yuan/ton, which first fell and then rose compared to the price of 7550 yuan/ton on June 1st, and the price has stabilized; The price of isooctanol has increased by 1.12% from 7466.67 yuan/ton on June 4th. In June, the price of isooctanol did not continue its upward trend from May and fell slightly. With downstream customers replenishing their inventory at low prices and the demand for isooctanol recovering, the price of isooctanol first fell and then rose. The production capacity of isooctanol enterprises has increased, the supply of isooctanol is sufficient, and coupled with poor demand recovery, the price of isooctanol first fell and then rose.
The price of raw material phthalic anhydride has fluctuated and fallen
According to the Commodity Market Analysis System of Shengyi Society, as of June 6th, the price of phthalic anhydride in neighboring countries was 6850 yuan/ton, which fluctuated and fell by 1.44% compared to the price of phthalic anhydride at 6950 yuan/ton on June 1st. The equipment start-up of phthalic anhydride enterprises is stable at a high level, with a start-up rate of about 70% and sufficient supply of phthalic anhydride; The price of ortho phthalic anhydride raw material ortho benzene fluctuated and fell, while the price of naphthalene raw material in the industry fluctuated and fell. The cost of phthalic anhydride decreased, and downstream demand for plasticizers was weak, resulting in a fluctuating decline in phthalic anhydride prices.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first fell and then rose, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP first fell and then rose; On the demand side, the demand for plasticizers is not recovering well. In the future, the demand for cost reduction is not good, and it is expected that the price of plasticizer DOP will first fall and then rise.

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market fluctuated and declined in May. As of May 31st, the average quoted price of maleic anhydride was 6550.00 yuan/ton (including tax), a decrease of 5.42% from 6925.00 yuan/ton on May 1st.

Supply side: In May, the supply of maleic anhydride in the market was relatively sufficient, with a significant decline in the upstream n-butane market and limited cost support. Downstream unsaturated resins maintained a strong demand for maleic anhydride, resulting in average shipments in the market and a volatile downward trend. As of May 31st, the factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the factory price of liquid anhydride is around 5500 yuan/ton.
Upstream: In May, the price of pure benzene in the Shandong region fluctuated and fell. The market price drops in the first half of the year, rises in the middle, and falls in the second half. On May 1st, the price was 5708.67 yuan/ton; On May 30th, the price was 5752 yuan/ton, a decrease of 0.67% from the beginning of the month.
The domestic n-butane market price fell sharply in May, and as of May 31st, the price in Shandong was around 4750 yuan/ton.
Downstream: The weak consolidation of the unsaturated resin market in May was the main reason, and the downstream demand for unsaturated resin procurement was limited, resulting in limited support for unsaturated resin and a strong market wait-and-see sentiment.
The analyst of Shengyi Society’s maleic anhydride products believes that the main downstream resin of maleic anhydride currently maintains a strong demand for maleic anhydride procurement, and the market has a strong wait-and-see attitude, with cautious purchasing sentiment. Currently, the maleic anhydride market has entered an annual low point, and it is expected that the maleic anhydride market will mainly consolidate weakly in the near future.

According to the Commodity Market Analysis System of Shengyi Society, the domestic methanol market is weak and declining. From May 1st to 30th (as of 3:00 pm), the average price of East China ports in the domestic methanol market fell from 2440 yuan/ton to 2245 yuan/ton, with a price drop of 7.99% during the period, a maximum amplitude of 10.96%, and a year-on-year price drop of 19.82%.

In the first half of the month, the domestic methanol market mainly experienced a decline. The domestic methanol production and supply are at a high level, and there is an expected increase in import supply. The lack of market confidence has suppressed the market, leading to a decline in the domestic methanol market.
In mid month, the domestic methanol market mainly rose. Boosted by macro positive factors, coupled with the shutdown of some facilities in the main methanol market in the Middle East, market sentiment has improved. The domestic methanol market as a whole is dominated, but downstream consumers are resistant to high prices after the rise.
At the end of the month, the domestic methanol market mainly experienced a decline. From a fundamental perspective, due to the expectation of increasing supply and inventory, the market is strongly suppressed and lacks confidence. Therefore, although downstream external procurement and downstream equipment start-up have provided some support to the market, the current support is weak, and the domestic methanol market is under pressure to decline.
As of the close on May 30th, the closing price of methanol futures on Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2509, opened at 2220 yuan/ton, with a highest price of 2221 yuan/ton and a lowest price of 2195 yuan/ton. It closed at 2208 yuan/ton in the end, up 7 yuan/ton from the previous trading day’s settlement, an increase of 0.32%. The trading volume is 701459 lots, the position is 824339 lots, and the daily increase is -25077 lots.
In terms of cost, the thermal coal market has been operating weakly and steadily recently. Most coal mines in the main production area maintain normal production pace, and the market coal supply is still at a high level. The cost of methanol is influenced by negative factors.
Demand side, downstream acetic acid: acetic acid demand may decrease; Downstream chloride, reduced demand for chloride; MTBE、 The formaldehyde and dimethyl ether industries currently have no clear plans for starting, stopping, or reducing their load, and there is little fluctuation in demand for methanol. The majority of downstream demand for methanol has decreased, and the demand for methanol is influenced by unfavorable factors.
On the supply side, the overall loss exceeds the recovery, resulting in a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external markets, as of the close of May 29th, the CFR Southeast Asian methanol market closed at a price of 326.50-327.50 US dollars per ton. The closing price of the US Gulf methanol market is 78.00-79.00 cents per gallon; The closing price of FOB Rotterdam methanol market is 253.50-254.50 euros/ton, up 1 euro/ton.
Future forecast: Factory production continues to fluctuate at a high level, and there is a short-term demand for shipments; Traditional downstream production has limited improvement, with a focus on essential procurement. The methanol analyst from Shengyi Society predicts that the domestic methanol spot market will mainly consolidate weakly.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fluctuated within the range this week (5.26-30), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4592 yuan/ton, with a 1.73% decrease in price during the week.
2、 Market analysis
This week, PVC continued its downward trend from last week, with a continuous bearish trend, and the market slightly stopped falling near the weekend. Most manufacturers have made price adjustments within the week, with a range of 50-100 yuan/ton. The market generally followed the decline, and dealers reported a decrease in offers. The main reason is the lack of favorable fundamentals, with crude oil prices hovering at low levels and the PVC futures market performing weakly. PVC spot prices tend to follow the downward trend and are relatively weak. From the perspective of supply and demand fundamentals, the manufacturer’s equipment is operating stably and the operating rate remains high. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4630-4720 yuan/ton.
In terms of upstream calcium carbide, the calcium carbide market remained stable this week (5.26-30). According to the commodity analysis system of Shengyi Society, the fluctuation this week was 0. However, since May, the price of calcium carbide has only fallen and not increased, with a decline of 2.44% in May. Currently, it is relatively low and has limited support for PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the performance of the PVC spot market is lukewarm, mainly due to low downstream operating rates, insufficient demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, on May 29th, the price of baking soda remained stable, with an average market price of 1275 yuan/ton, a decrease of 46.34% compared to the same period last year. On May 28th, the Business Society Baking Soda Index was 84.69, a decrease of 0.03 points from yesterday, setting a new historical low for the cycle, and a decrease of 64.09% from the highest point of 235.84 points on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1200-1300 yuan/ton in Henan region and 1350-1500 yuan/ton in Shandong region. Due to downstream demand driven procurement, it is expected that weak operations will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash is operating steadily. The current market average price is 1386 yuan/ton, a decrease of 35.83% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been weak in recent times, while the upstream raw material soda ash has been generally operating. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand, with average demand enthusiasm. Overall, it is expected that the price of baking soda will mainly fluctuate in the later stage, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, the ex factory price of ethyl acetate in China was 5456.67 yuan/ton on May 28th, unchanged from yesterday’s price. The cost situation is stable, downstream purchasing is mainly based on demand, and the trading atmosphere on the market is average. The price of ethyl acetate is temporarily stable.

Market analysis: Recently, the market for ethyl acetate has been stabilizing. On the raw material side, the price of acetic acid remains stable, but there is currently no favorable support in terms of cost; On the demand side, downstream consumption of inventory is the main factor, with a small amount of purchases following up on urgent needs. Enterprises ship according to demand, and the overall market trading is average. The focus of ethyl acetate transactions is temporarily stable.
Looking at the future, the price of ethyl acetate raw materials is stable, with little cost pressure. On the supply side, the utilization rate of ethyl acetate production capacity is low, and downstream demand is slightly followed up. There is a lack of market benefits, and it is expected that the price of ethyl acetate will remain stable in the short term. Specific attention should be paid to changes in the upstream market and downstream follow-up situations.

This week, the price of plasticizer DOP first fell and then rose

According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the DOP price was 8167.50 yuan/ton, a decrease of 0.41% compared to the DOP price of 8200.83 yuan/ton on May 16th. The operating rate of DOP plasticizer enterprises has temporarily stabilized, and with the economic and trade talks between China and the United States and the easing of tariffs, the demand for plasticizers is expected to increase. The growth of plasticizer production is not as expected, and the price of isooctanol first fell and then rose. The price of phthalic anhydride fluctuated and fell, and the cost of plasticizers first fell and then rose. The support for the increase in plasticizer prices is relatively weak.
This week, the price of raw material isooctanol first fell and then rose
According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the price of isooctanol was 7383.33 yuan/ton, a decrease of 3.62% compared to the price of 7443.33 yuan/ton on May 16th. The easing of tariffs has led to an expected rebound in demand for isooctanol, but the actual increase in demand has fallen short of expectations, causing the price of isooctanol to fluctuate and fall from a high level; With the decrease in prices and the recovery of demand, the price of isooctanol has rebounded slightly and increased. Isooctanol manufacturers are operating steadily, with sufficient supply of isooctanol. Stable supply and poor demand growth have led to fluctuating and stabilizing prices of isooctanol.
This week, the price of raw material phthalic anhydride fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the price of phthalic anhydride in neighboring countries was 7033.33 yuan/ton, a fluctuating decrease of 0.47% compared to the price of 7066.67 yuan/ton on April 16th. This week, the equipment production of phthalic anhydride enterprises has been stable, and the supply of phthalic anhydride is sufficient; Downstream demand for plasticizers is weak, and the price of phthalic anhydride is fluctuating and falling. The demand for phthalic anhydride is insufficient, and the price of phthalic anhydride is weak and stabilizing.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first fell and then rose, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP first fell and then rose; In terms of demand, the suspension of tariffs between China and the United States is beneficial for international trade, but the recovery of demand in the plasticizer market is not as expected. In the future, there is a glimmer of hope in the US China trade negotiations, with downstream demand expected to recover but not as expected. Costs have stabilized and demand recovery is not as expected, leading to a strong consolidation of plasticizer DOP prices in the future.

According to the Commodity Market Analysis System of Shengyi Society, from May 19th to 23rd (as of 10:00), the average price of methanol in East China ports in the domestic market fell from 2362 yuan/ton to 2303 yuan/ton, with a price drop of 2.49% during the period, a month on month drop of 5.20%, and a year-on-year drop of 16.48%. The domestic methanol market is mainly experiencing a decline. From a fundamental perspective, due to the expectation of increasing supply and inventory, the market is strongly suppressed and lacks confidence. Therefore, although downstream external procurement and downstream equipment start-up have provided some support to the market, the current support is weak, and the domestic methanol market is under pressure to decline.

As of the close on May 23rd, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract 2509 for methanol futures opened at 2266 yuan/ton, with a highest price of 2270 yuan/ton and a lowest price of 2240 yuan/ton. It closed at 2241 yuan/ton in the closing session, a decrease of 25 yuan/ton or 1.10% from the previous trading day’s settlement. The trading volume is 529804 lots, the position is 773662 lots, and the daily increase is 22183 lots.
In terms of cost, the thermal coal market has been operating weakly and steadily recently. Most coal mines in the main production area maintain normal production pace, and the market coal supply is still at a high level. The cost of methanol is influenced by negative factors.
Demand side, downstream acetic acid: acetic acid demand may decrease; Downstream chloride: reduced demand for chloride; MTBE、 The formaldehyde and dimethyl ether industries currently have no clear plans for starting, stopping, or reducing their load, and there is little fluctuation in demand for methanol. The majority of downstream demand for methanol has decreased, and the demand for methanol is influenced by unfavorable factors.
On the supply side, the overall loss of equipment exceeds the recovery amount, and the utilization rate of production capacity decreases. The supply of methanol is affected by favorable factors.
In terms of external trading, as of the close on May 22, the CFR Southeast Asian methanol market closed at $327.50-328.50 per ton, a decrease of $4 per ton. The closing price of the US Gulf methanol market was 80.00-81.00 cents/gallon, down 2 cents/gallon; The closing price of FOB Rotterdam methanol market is 230.50-231.50 euros/ton, down 13 euros/ton.
In the future forecast, overall construction will maintain high fluctuations, and the arrival of foreign ships in coastal areas will gradually increase. Port inventory may gradually enter the accumulation channel. Traditional downstream demand continues to be weak. Business Society’s methanol analyst predicts that the domestic methanol spot market is mainly weak.

1、 Price trend

According to data monitored by Shengyi Society, as of May 16th, the average price of domestic industrial grade high-quality cyclohexane was 7600 yuan/ton, with downstream market demand mainly for essential purchases, and the mainstream market price was around 7500 yuan/ton.
2、 Market analysis
On the demand side, downstream demand is weak, the purchasing atmosphere is insufficient, and inventory pressure still exists. On the export side, there are currently no significant incremental orders, mainly contract customers, and the number of new orders is limited.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the cyclohexane market is currently maintaining its current trend, with a moderate downstream purchasing atmosphere and an overall market supply-demand balance, resulting in insufficient upward momentum for prices.

According to the Commodity Market Analysis System of Shengyi Society, from May 6th to 9th (as of 15:00), the average price of methanol in East China ports in the domestic market fell from 2428 yuan/ton to 2402 yuan/ton, with a price drop of 1.08% during the period, a month on month drop of 2.73%, and a year-on-year drop of 10.02%. The domestic methanol market is mainly experiencing a decline. The domestic methanol production and supply are at a high level, and there is an expected increase in import supply. The lack of market confidence has suppressed the market, leading to a decline in the domestic methanol market.

As of the close on May 8th, the closing price of methanol futures on Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2509, opened at 2216 yuan/ton, with a highest price of 2247 yuan/ton and a lowest price of 2211 yuan/ton. It closed at 2227 yuan/ton at the end of the trading day, an increase of 7 yuan or 0.32% compared to the settlement of the previous trading day. The trading volume is 532893 lots, the position is 767836 lots, and the daily increase is -3589 lots.
In terms of cost, the thermal coal market has been operating weakly and steadily recently. Most of the coal mines in the main production area maintained normal production and sales, and the coal mines that completed the task of shutdown and maintenance at the end of the month also basically resumed normal production. The overall coal supply level is relatively sufficient. During the May Day holiday, the coal prices in the main production areas continued to be weak, and most coal mines had average transportation conditions. The pithead lowered the coal prices according to their own sales situation, with a range of 5-10 yuan/ton. The cost of methanol is influenced by negative factors.
Demand side, downstream acetic acid: expected increase in acetic acid demand; Downstream chloride: chloride increases demand for methanol; Downstream dimethyl ether: There is currently no shutdown plan for the unit, and the demand for dimethyl ether is limited; Downstream MTBE: MTBE demand decreases. The majority of downstream demand for methanol has increased, and the demand for methanol is influenced by favorable factors.
Supply side, some equipment maintenance; Some other devices have been restored. The overall loss exceeds the recovery, resulting in a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external markets, as of the close of May 8th, the CFR Southeast Asian methanol market closed at $339.50-340.50 per ton. The closing price of the US Gulf methanol market is 86.00-87.00 cents per gallon; The closing price of FOB Rotterdam methanol market is 230.50-231.50 euros/ton, down 9 euros/ton.
Future forecast: Traditional downstream demand is relatively weak, and the demand side will continue to suppress price trends. At the same time, under the macro influence, there is a lack of positive factors in the market. Business Society’s methanol analyst predicts that the domestic methanol spot market is mainly weak.

According to the Commodity Market Analysis System of Shengyi Society, the domestic methanol market is weak and volatile. From April 1st to 30th (as of 3:00 pm), the average price of East China ports in the domestic methanol market fell from 2580 yuan/ton to 2440 yuan/ton, with a price drop of 5.43% during the period, a maximum amplitude of 7.36%, and a year-on-year price drop of 7.98%.

In the first half of the month, under the influence of crude oil and policies, the domestic methanol market fell sharply. After falling to a low level, many downstream and trading companies restocked at the low price. In addition, some major production areas experienced equipment failures and reduced production, supporting the low rebound of the domestic methanol market. The methanol market is fluctuating and running.
In mid month, the supply of methanol in the coastal market increased, but market confidence was insufficient, and the overall port market remained weak. Due to the shutdown of some facilities and tight supply in some regions of the mainland methanol market, coupled with low inventory levels of enterprises, traders have a positive attitude towards purchasing goods. Production enterprises have raised prices and shipped goods, resulting in an overall strong operation of the mainland methanol market.
At the end of the month, there was a recent demand for pre holiday stocking of methanol downstream in mainland China, which provided some support for the market atmosphere. Enterprises shipped smoothly, but they still had a wait-and-see attitude towards high prices, and market price changes were limited.
As of the close on April 30th, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract 2505 for methanol futures opened at 2279 yuan/ton, with a highest price of 2283 yuan/ton and a lowest price of 2250 yuan/ton. It closed at 2251 yuan/ton in the closing session, a decrease of 35 yuan, 0.09 yuan, or 1.53% from the previous trading day’s settlement. The trading volume is 494490 lots, the position is 635491 lots, and the daily increase is -19453 lots.
On the cost side, although the supply from production areas has slightly tightened at the end of the month, traditional coal consumption is in the off-season, and there is insufficient demand for civilian electricity. Power plant units have entered the maintenance season, and the output of clean energy such as hydropower has squeezed out the share of thermal power. Downstream demand for coal has significantly decreased, and market coal trading activity has significantly declined. The supply and demand of thermal coal market are still relatively loose, and the overall price of coal is weakly stable. The cost of methanol is influenced by negative factors.
Demand side, downstream acetic acid: expected increase in acetic acid demand; Downstream chlorides: The restart of the early load reduction device for chlorides has increased the demand for methanol; Downstream dimethyl ether: Increased demand for dimethyl ether; Downstream MTBE: MTBE demand decreases; There is currently no maintenance or restart device for formaldehyde, and the demand fluctuation is not significant. The majority of downstream demand for methanol has increased, and the demand for methanol is influenced by favorable factors.
On the supply side, the overall loss of equipment exceeds the recovery amount, and the utilization rate of production capacity decreases. The supply of methanol is affected by favorable factors.
In terms of external markets, as of the close on April 29th, the CFR Southeast Asian methanol market closed at $339.50-340.50 per ton. The closing price of the US Gulf methanol market is 87.00-88.00 cents per gallon; The closing price of FOB Rotterdam methanol market is 264.50-265.50 euros/ton, up 1 euro/ton.
Market forecast: As the May Day holiday approaches, there will be a partial release of replenishment demand for traditional downstream demand, and the planned maintenance of MTO facilities in North China will lead to a decline in industry consumption. The methanol analyst from Shengyi Society predicts that the domestic methanol spot market will mainly consolidate.

According to the Commodity Market Analysis System of Shengyi Society, the domestic BDO market is consolidating at a low level. From April 1st to 30th, BDO prices fell from 7958 yuan/ton to 7950 yuan/ton, with a price drop of 0.11% during the period and a year-on-year price drop of 31.88%.

In the first half of the month, the domestic BDO market saw a weak consolidation. The restart and maintenance of the equipment are still ongoing, but the industry’s capacity utilization rate remains low, and the supplier’s market stability mentality continues. The overall downstream production has increased, but under cost pressure, it has entered the market for bargaining. The supply-demand game continues.
In mid month, the domestic BDO market experienced a weak downturn. Recently, the load on the equipment has not been high, and there is support from the supply side. The supplier’s intention to maintain price stability continues. But as new production capacity emerges, downstream bearish sentiment increases. Some of the manufacturers holding the goods lack confidence in their offers, and negotiations for narrow discounts on actual orders have led to a downward shift in the focus of the domestic BDO market.
At the end of the month, the domestic BDO market weakened narrowly. The industry’s capacity utilization rate continues to decline, with supply side support and supply side contraction. Downstream maintenance requires immediate follow-up, but resistance to high prices still exists. The supply-demand game continues, and the market is operating in a stalemate.
Supply side: Some devices are still under maintenance, temporary parking, and defect elimination, and the capacity utilization rate of the BDO industry has dropped to around 4.4%. The market supply continues to decrease, and there is some positive support from the supply side. At the same time, some devices have released May maintenance news, and the industry is under long-term loss pressure. The suppliers have a strong positive attitude towards supporting the market, which limits the market’s further downward exploration space. The supply of BDO is affected by favorable factors.
On the cost side, raw material calcium carbide: The domestic calcium carbide market remains stable and watchful. Due to power maintenance and cost pressures, the supply in Shaanxi and Wumeng regions has significantly decreased. At the same time, there have been irregular power restrictions in Inner Mongolia, which have increased supply instability and accelerated the consumption of market inventory. The domestic methanol market is weak and volatile. As of 3:00 pm on April 25th, the domestic methanol Taicang price was 2430 yuan/ton. The prices of raw materials such as calcium carbide and methanol are running weakly, and the cost of BDO is affected by unfavorable factors.
On the demand side, due to the average performance of terminal demand, the overall downstream production has slightly declined, and the cost of the industrial chain is under pressure, resulting in weak ability to accept high prices. This has led to inconsistent implementation of new cycle contract policies and sporadic small orders for spot goods. The demand side of BDO is affected by bearish factors.
Future forecast: The supply-demand game will continue, and market fluctuations may be limited. Business Society BDO analysts predict that the domestic BDO market will mainly focus on consolidation and observation.

According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market continued to decline weakly in April, with prices hitting bottom and rebounding at the end of the month. Due to the significant decline in the previous period, prices fluctuated and fell overall, with a drop of over 4%. On April 1st, the average price of adipic acid in the domestic market was 7766 yuan/ton. On April 28th, the average price of adipic acid in the domestic market was 7416 yuan/ton, a decrease of 4.51% in price.

Negative led to weak rebound of adipic acid market in April
In the first half of the month, the price of adipic acid raw material pure benzene fluctuated upwards, while the market for cyclohexanone raw material fell weakly. The demand in the terminal industry was sluggish, and the operating rate of adipic acid market manufacturers was high. The supply pressure continued, and the shipment price fell weakly. The market transactions were average, and the sales were flat. The average market price of adipic acid has dropped to 7300-7400 yuan/ton, with an overall decrease of about 200-300 yuan/ton.
After mid month, the pure benzene raw material for adipic acid fluctuated weakly, the cyclohexanone raw material market declined, and the demand in the terminal industry was poor. The supply of adipic acid market manufacturers was loose, and the shipping prices continued to fall. The market transactions declined, and the sales were average. As of April 23rd, the average market price of adipic acid has fallen to 7100-7300 yuan/ton, with an overall decrease of about 200-300 yuan/ton.
At the end of the month, the market for adipic acid continued to decline, and negative factors were exhausted. The adipic acid market rebounded, with prices rising by about 300 yuan/ton, an overall increase of about 3%.
An analyst from Shengyi Society believes that after the May Day holiday, there will be an improvement in terminal demand, a boost in raw material prices, and a continued upward trend in the domestic adipic acid market.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market will first rise and then fall in April 2025, with an overall downward trend. From April 1st to 27th, the domestic toluene market price fell from 6120 yuan/ton to 5490 yuan/ton, with a price drop of 10.29% during the period.

In the first ten days of the month, the toluene market saw a slight increase due to pre holiday restocking. During the period, the pre holiday purchasing intentions of the disproportionation and oil blending industries in Shandong were relatively strong, and the sales situation in the region was good. The overall inventory of refineries was low, and their quotations were relatively firm. Overall, the toluene market saw a slight increase due to the impact of pre holiday purchasing intentions.
Mid month: Mid month: Crude oil prices fell sharply, sales in Shandong were good, and factory inventories were generally low, so the downward adjustment this week was relatively small. Due to the drag of crude oil, prices in the East China region have fallen sharply, and the market sentiment is weak. Overall, due to the overall decline in crude oil and aromatic hydrocarbon markets, the toluene market has generally declined.
Late month: Weak demand and downward trend in the toluene market. Refinery quotations in Shandong region have been continuously lowered this week, and downstream purchases have been made on dips. The supply in the East China market is slightly loose, the overall performance of the aromatic hydrocarbon market is weak, the toluene market is dragged down by weak prices, the price reduction of Sinopec in the South China region is dragging down the mentality of the spot market, and the market is slightly under pressure due to high port inventory.
Cost wise: The international crude oil market experienced a broad decline in the first half of April, with fluctuations in the mid to late period. At the beginning of April, the international oil price market experienced a significant decline. On the one hand, the US tariff trade war and tariff trade barriers had a huge impact on the global economy, increasing uncertainty in the future. The market believes that the risk of the United States falling into an economic recession has increased, and this will have a huge negative impact on global economic growth. On the other hand, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced future production increases, which also had a negative impact on crude oil and led to a significant decrease in international oil prices. As the international situation gradually stabilized, crude oil entered a range of volatile trends. As of April 25th, international crude oil futures have risen. The settlement price of the main contract for WTI crude oil futures in the United States was $63.02 per barrel, an increase of $0.23 or 0.4%. The settlement price of the main Brent crude oil futures contract was $66.87 per barrel, an increase of $0.32 or 0.5%.
Supply side: Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of April 27th, East China Company quoted 5400 yuan/ton, North China Company quoted 5450 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5550 yuan/ton.
Demand side:
According to the Commodity Market Analysis System of Shengyi Society, as of April 27, 2025, the price of xylene sold by Sinopec Sales Company has temporarily stabilized, with a current price of 6800 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical, and other facilities are operating stably with normal sales, with a price reduction of 800 yuan/ton compared to March 31. As of April 24th, the closing prices of the xylene market in Asia were 719-721 US dollars/ton FOB Korea and 744-746 US dollars/ton CFR China, a decrease of 103 US dollars/ton from March 28th.
Market forecast: The recent fluctuations in the crude oil market are relatively small, and the direction of the trend is not clear, which has little impact on the toluene market. The main factors affecting the market in the near future are supply and demand. The expected new production capacity on the supply side has been released recently, and the market generally expects loose supply in the future. Coupled with the recent influx of more port cargo, the supply side is relatively loose. The demand side is approaching the May Day holiday and the downstream is actively replenishing inventory. In a short period of time, demand has partially rebounded, and the support from the demand side is relatively weak. Overall, under the atmosphere of loose supply, it is expected that the performance of the toluene market will continue to be weak.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has slightly increased this week. At the beginning of the week, the average price of isopropanol in China was 6541.67 yuan/ton, and the average price over the weekend was 6558.33 yuan/ton, with a price increase of 0.25%.
The market price of isopropanol has slightly increased this week. The price of raw material acetone is rising, and the isopropanol market is tentatively increasing, but there is a lack of confidence in the future market. As of now, most of the isopropanol market prices in Shandong are around 6400-6500 yuan/ton; The majority of prices in the isopropanol market in Jiangsu are around 6650-6700 yuan/ton. Overall, the confidence in the isopropanol market is average, with a focus on maintaining stability.
In terms of raw material acetone, the domestic acetone market price has risen this week. At the beginning of the week, the average price of acetone in China was 5970 yuan/ton, and the average price over the weekend was 5990 yuan/ton, with a price increase of 0.34%. At present, the trading atmosphere in the acetone market is average, and offers maintain range fluctuations.
In terms of propylene, the domestic propylene market is on the rise. At the beginning of the week, the market was at 6728.25 yuan/ton, and the average price over the weekend was 6685.75 yuan/ton, with a downward trend of 0.63%. At present, manufacturers are offering discounts and downstream customers are purchasing at lower prices according to demand. It is expected that the market will remain weak and stable in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the acetone market price is rising, the propylene price is falling, and the cost support is average. Downstream markets will purchase according to demand, and isopropanol will maintain stable operation. It is expected that the isopropanol market will consolidate and operate in the short term, with more attention paid to changes in the raw material market.

This week, the price of plasticizer DOP has stopped falling and risen

According to the Commodity Market Analysis System of Shengyi Society, as of April 21st, the DOP price was 8159.16 yuan/ton, which fluctuated and stabilized compared to the DOP price of 8159.16 yuan/ton on April 14th; Compared to April 17th, the DOP price of 8142.50 yuan/ton fluctuated and rose by 0.20%. The production of plasticizer DOP enterprises has stabilized at a low level, the output of plasticizer DOP has remained stable, the price of phthalic anhydride has rebounded and risen, the price of isooctanol has stopped falling and risen, the cost of plasticizer DOP has increased, and the cost increase combined with weak supply and demand has increased the support for plasticizer rise and weakened the downward pressure.
This week, the price of raw material isooctanol has stopped falling and risen
According to the Commodity Market Analysis System of Shengyi Society, as of April 21st, the price of isooctanol was 7533.33 yuan/ton, a fluctuating increase of 1.57% compared to the price of 7416.67 yuan/ton on April 17th; Compared to the price of 7850 yuan/ton on April 4th, the price of isooctanol has decreased by 4.03%. This week, the price of isooctanol is the lowest in 21 years. Isooctanol enterprises have started production at a low level and remained stable, while the supply from isooctanol manufacturers has temporarily stabilized. The downward pressure on isooctanol prices has weakened, and the upward support has increased. The cost of plasticizers has stopped falling and risen.
This week, the price of raw material phthalic anhydride rebounded and rose
According to the Commodity Market Analysis System of Shengyi Society, as of April 21, the price of phthalic anhydride in neighboring countries was 7166.67 yuan/ton, an increase of 0.94% compared to the price of 7100 yuan/ton on April 17; Compared to April 14th, the price of phthalic anhydride fluctuated and fell by 7216.67 yuan/ton, a decrease of 0.69%. The equipment production of phthalic anhydride manufacturers is slowly recovering, and downstream procurement is concentrated this week. The demand support for phthalic anhydride still exists. The cost support of plasticizer raw materials has increased.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has rebounded, the price of phthalic anhydride has rebounded and risen, and the cost of plasticizer DOP has increased; In terms of demand, downstream production remains weak, and US tariffs affect the expected demand for plasticizers in the market, resulting in continued weak demand for plasticizers. In the future, with rising costs and weak supply and demand, it is expected that the price of plasticizer DOP will remain strong and stable.

According to the Commodity Market Analysis System of Shengyi Society, from April 14th to 18th, the average price of BDO in China remained at 7930 yuan/ton, with a month on month increase of 0.38% and a year-on-year decrease of 12.58%. The domestic BDO market is operating in a wait-and-see manner. The industry’s capacity utilization rate has declined, and production enterprises are actively supporting the market. The overall load of downstream industries has not changed significantly, but there is pressure on the cost side and bargaining sentiment towards raw material inventory. Supply and demand tug of war, narrow market focus consolidation.

There are significant fluctuations in the supply and installation aspects, and the capacity utilization rate of the BDO industry has dropped to around 4.5%, resulting in a reduction in market supply of goods. And the industry has been in a long-term loss making state, with a focus on maintaining market stability among suppliers. The supply of BDO is affected by favorable factors.
Cost wise, raw material calcium carbide: The domestic calcium carbide market has experienced an overall decline. The instability of downstream demand is the main reason for the downward trend in prices. The domestic methanol market is weak and volatile. As of 3:00 pm on April 18th, the domestic methanol Taicang price was 2415 yuan/ton. The prices of raw materials such as calcium carbide and methanol are running weakly, and the cost of BDO is affected by unfavorable factors.
On the demand side, most downstream industries have maintained low market conditions, with profit margins compressed and resistance to new cycle sales policies, resulting in poor order fulfillment. The demand side of BDO is affected by bearish factors.
Future forecast: The supply-demand game will continue, and market fluctuations may be limited. Business Society BDO analysts predict that the domestic BDO market will mainly focus on consolidation and observation.

This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the price of phthalic anhydride in neighboring countries was 7216.67 yuan/ton, a fluctuating decrease of 2.91% compared to the price of 7433.33 yuan/ton on April 7th. The equipment operating load of phthalic anhydride manufacturers is slowly recovering, the supply of phthalic anhydride is increasing, downstream demand is weak, the price of ortho xylene has dropped significantly, the cost of phthalic anhydride has decreased, and the weak supply and demand combined with cost reduction have weakened the support for the rise in phthalic anhydride prices, resulting in a fluctuating decline in phthalic anhydride prices.
Supply side: resumption of work and increased supply
The early maintenance equipment has been gradually restored, and the capacity utilization rate of the domestic phthalic anhydride industry has been improved, as well as the capacity utilization rate of the naphthalene phthalic anhydride industry; The utilization rate of production capacity in the domestic phthalic anhydride industry shows low fluctuations, with little overall change. The overall supply of phthalic anhydride in the market has increased.
Demand side: DOP market is fluctuating and falling
According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the DOP price was 8159.17 yuan/ton, a fluctuating decrease of 1.56% from the April 7th DOP price of 8288.75 yuan/ton. The buying atmosphere in the plasticizer market remains weak, the inventory in the plasticizer market is stable, DOP devices are mostly in production reduction mode, the demand for phthalic anhydride is decreasing, and the pressure to lower phthalic anhydride prices is increasing.
The price of raw materials has plummeted, and the cost of phthalic anhydride has decreased
In April, the price of ortho benzene was 7100 yuan/ton, a decrease of 200 yuan/ton or 2.74%. The cost of phthalic anhydride has significantly decreased, and the support for the rise of phthalic anhydride has weakened.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of supply, phthalic anhydride manufacturers are slowly resuming production, and the supply of phthalic anhydride is increasing; In terms of demand, the expected operating load of DOP manufacturers has decreased, and the demand for phthalic anhydride has weakened; In terms of cost, the price of ortho xylene has dropped significantly, and the cost of phthalic anhydride has decreased. In the future, with weak supply and demand, coupled with cost reduction, it is expected that the price of phthalic anhydride will fluctuate and fall.

According to the Commodity Market Analysis System of Shengyi Society, on April 11th, the reference price for cyclohexanone market in Shandong Province was 7963 yuan/ton. Compared with April 6th (reference price for cyclohexanone market was 8212 yuan/ton), the price decreased by 249 yuan/ton, a decrease of 3.04%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week, the domestic cyclohexanone market in Shandong Province has shown a weak and downward trend overall. During the week, the cyclohexanone market in Shandong Province experienced a downward trend, with the focus of cyclohexanone negotiations shifting towards lower levels. As of April 11th, the cyclohexanone market price in Shandong Province is expected to be around 7900-8100 yuan/ton.

Market influencing factors
In terms of supply and demand: Currently, the supply side of cyclohexanone is stable, but downstream user demand is insufficient. Overall demand inquiries are cautious, and the transmission of supply and demand is slow and hindered. The market support for cyclohexanone provided by both supply and demand sides is lacking.
Cost wise: This week, the raw material pure benzene market fluctuated at a low level, providing loose cost support for cyclohexanone. As of April 10th, the reference price of pure benzene was 6135.33 yuan/ton, a decrease of 7.87% compared to April 1st (6659.67 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in Shandong cyclohexanone market is light, and there is a strong wait-and-see sentiment. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate weakly, and more attention needs to be paid to the changes in supply and demand news.

According to the Commodity Market Analysis System of Shengyi Society, the xylene market fluctuated downward in the first half of March 2025 and fluctuated within a certain range in the second half. From March 1st to 31st, the domestic xylene market price fell from 6640 yuan/ton to 6340 yuan/ton, with a cumulative price drop of 4.52% during the period.

Early month: The market in Shandong region is temporarily stable, and the sales of refineries in Shandong region are good during the week. Downstream purchases are made according to demand, and trading is relatively stable. The trend in the East and South China markets was relatively weak this week, especially in the South China region where the overall market atmosphere was weak and the negotiation atmosphere was biased due to Sinopec’s price reduction.
Mid month: The decline in the crude oil market during this cycle has dragged down the mentality of the mixed xylene market, and the overall weak operation of the domestic xylene market has been observed. The performance of various regions is basically consistent, with slight differences in the magnitude of the decline. Among them, the Shandong region is affected by the surrounding market and has a weak mentality. The overall weakness on the demand side during the week has led to local refining companies lowering prices and releasing inventory this week, resulting in weak transactions. The overall inventory in the East China region is relatively low, but the liquid chemical market has generally weakened during the week, and the xylene market has clearly followed suit. On exchange trading is generally weak, and downstream stocks are replenished as needed.
Late of the month: There were slight differences in the performance of the domestic mixed xylene market in various regions this week. Due to poor downstream demand, prices in Shandong region fell overall during the week, and local refineries continuously lowered their ex factory quotations and actively shipped. Affected by tight supply within the region, market prices in East and South China have remained stable with slight increases, but actual transactions in the market are limited and demand performance is weak.
Cost wise: The international oil price trend in March has declined. As of the 28th, the settlement price of the main contract for WTI crude oil futures in the United States was $69.36 per barrel, and the settlement price of the main contract for Brent crude oil futures was $72.76 per barrel. On the one hand, the United States is increasing its crude oil production, coupled with escalating trade tariffs that may suppress global economic growth, which is bearish for the international oil market. On the other hand, the situation between Russia and Ukraine has eased. If the geopolitical situation between Russia and Ukraine ends, the United States will also ease its oil sanctions against Russia, causing international oil prices to fall. Overall, the trend of international oil prices has declined.
Supply side: Sinopec xylene quotation summary. Currently, the company is operating normally, with stable production and sales of equipment. The company’s quotation remains unchanged from the previous day. As of March 31st, East China Company quoted 6300 yuan/ton, North China Company quoted 6250 yuan/ton, South China Company quoted 6500-6550 yuan/ton, and Central China Company quoted 6300 yuan/ton.
Demand side:
On March 31st, Sinopec Sales Company implemented a price of 7600 yuan/ton for xylene, which was implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical, and other facilities operated stably and sold normally, with a price increase of 100 yuan/ton compared to February 28th. As of March 28th, the closing prices of the xylene market in Asia were $822-824/ton FOB Korea and $847-849/ton CFR China, a decrease of $19/ton from February 27th.
Market forecast: The crude oil market trend remains weak, with insufficient guidance for the spot market. The supply side in Shandong region has been running at a low inventory level recently, with good sales performance. The market has heard that some devices will be restarted later, and the market expects loose supply in the future. The overall inventory in other regions is stable, moderately high, and the supply is slightly loose. The downstream oil blending industry has a weak purchasing enthusiasm on the demand side, and the overall demand side is biased towards rigid demand. Overall, it is expected that the demand will remain stable and the xylene market will continue to fluctuate within a certain range.

1、 Price trend

Taking the sulfuric acid method for producing pyrite type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Shengyi Society, the price of titanium dioxide in the domestic market increased in March. On March 1st, the average price of titanium dioxide was 15240 yuan/ton, and on March 28th, the average price of titanium dioxide was 15340 yuan/ton, with a price increase of 0.66%.
2、 Market analysis
The domestic titanium dioxide market price rose in March. The titanium dioxide market remained stable in the first half of the year. In the middle of the month, the price of raw material sulfuric acid rose, and titanium concentrate consolidated at a high level, putting pressure on factories. The market price of titanium dioxide powder is approaching high-end prices. In the latter half of the year, titanium dioxide companies sent a letter to raise prices, marking the third increase this year. However, downstream demand fell short of expectations and the acceptance of a new round of price increases was low. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 15000-16200 yuan/ton; Sharp titanium type costs around 13200-13400 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of raw material titanium concentrate first rose and then fell in March. At present, downstream titanium dioxide enterprises face significant cost pressure and severe price suppression, resulting in reduced procurement of titanium ore and a focus on essential purchases. Traders have the possibility to sell at low prices, while large factories have low inventory and stable inquiries, resulting in prices remaining firm. As of now, the price of 38-42 grade titanium ore without tax is around 1450-1480 yuan/ton, the price of 46 grade 10 titanium concentrate without tax is around 2130-2150 yuan/ton, and the price of 47 grade 20 titanium concentrate without tax is around 2200-2280 yuan/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will be mainly strong.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market prices have risen this month. The cost of raw materials is under pressure, and at the end of the month, the company sent another letter to raise the price of titanium dioxide. Overall, the titanium dioxide market is relatively stagnant, and it is expected that the price of titanium dioxide will remain strong in the short term. The actual transaction price is subject to negotiation.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has risen this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 1850 yuan/ton, and the average price at the end of the month was 1926 yuan/ton, with a weekly increase of 4.14%.
This week, the price of industrial grade sodium metabisulfite in the domestic market has increased. The upstream price of sodium metabisulfite, soda ash, has fallen by 1.21% this month, sulfur prices have risen by 16%, and downstream caprolactam prices have fallen by 8.03%. Although the upstream and downstream prices have fallen, the sales of sodium metabisulfite in the market have accelerated, and the industry is mostly optimistic about the future market. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).

Future forecast
At present, the transaction volume of sodium metabisulfite market is accelerating, and it is expected that the domestic market price will mainly fluctuate with a strong trend in the short term.

This week, the domestic fluorite price trend has risen. As of the weekend, the average domestic fluorite price was 3775 yuan/ton, an increase of 0.17% from the beginning of the week price of 3768.75 yuan/ton and a year-on-year increase of 12.48%.

Supply side: Mining operations are limited, fluorite supply remains tight

The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite sources is still tight, and the inventory of fluorite enterprises is low. Some fluorite manufacturers are gradually recovering. However, the fluorite supply in northern regions is obviously insufficient, and the fluorite market trend has slightly risen this week.

Demand side: Hydrofluoric acid price temporarily stable, refrigerant market rising

This week, the domestic price of hydrofluoric acid has remained stable, with mainstream prices ranging from 11300 to 11800 yuan/ton in various regions of China. The downstream hydrofluoric acid equipment is still in shutdown, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and the overall production of hydrofluoric acid remains at more than 50%. Fluorine enterprises maintain essential orders, mainly consuming inventory. The market price trend of hydrofluoric acid is temporarily stable, and the price of fluorite is not affected by this news.

The downstream refrigerant market is on the rise, coupled with the strengthening of terminal policies in the refrigerant industry, demand is expected to achieve substantial improvement. Fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. Currently, the main trend in the foreign trade market is price increases, and upstream products are mainly purchased on demand. The trend of refrigerant market is rising, which has led to an increase in domestic fluorite market prices.

In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF、 Graphite negative electrodes, photovoltaic panels, etc., have received certain support in the application of fluorite due to the demand for new energy and semiconductors.

Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production to undergo safety inspections. The tight supply of fluorite mines is a major positive support for the fluorite market. In addition, the downstream refrigerant market has risen, but the acceptance of hydrofluoric acid enterprises is limited. Overall, the domestic fluorite market price is mainly fluctuating.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash has slightly decreased this week. As of March 14th, the average market price of soda ash was 1512 yuan/ton, a decrease of 0.40% compared to the March 7th soda ash price of 1518 yuan/ton, and an increase of 0.93% compared to the beginning of the month.

2、 Market analysis

This week, the soda ash market has been consolidating and declining. The on-site equipment remained stable with small movements, and the utilization rate of soda ash production capacity was slightly reduced during the week. Overall, the manufacturer’s quotation remained firm, but the downstream market performance was weak, and the price trend was lowered. Follow up on soda ash demand was necessary, and actual market transactions were limited. Some companies had poor shipments, and the focus of soda ash transactions shifted slightly downwards.

As of March 14th, the reference price for the soda ash market in East China is around 1420-1550 yuan/ton for light soda ash, with a price reduction of 60 yuan/ton within the week; The reference price for the soda ash market in Central China is around 1350-1550 yuan/ton for light soda ash, with a price reduction of 50 yuan/ton.

According to the commodity analysis system of Shengyi Society, the downstream glass market continues to decline. From March 7th to 14th, glass prices fell from 15.28 yuan/square meter to 14.92 yuan/square meter, a decrease of 2.36%. The downstream glass market has seen an increase in production, an increase in market inventory, weak downstream demand, insufficient market transactions, accumulation of glass inventory, and continuous decline in market prices.

In the future forecast, there will be little change in domestic soda ash facilities, and the utilization rate of production capacity will remain at a medium high level. The increase in market supply is limited, and the downstream market is weak. The enthusiasm for entering the market for procurement is not high, and the supply and demand in the market are relatively balanced. It is expected that soda ash will operate smoothly in the short term, and specific attention will be paid to downstream demand follow-up.

1、 Price trend

According to data monitored by Shengyi Society, as of March 14th, the average price of industrial grade high-quality cyclohexane in China was 7600 yuan/ton. The cyclohexane market is mainly balanced in supply and demand, with insufficient downstream demand and a narrow and weak overall market operation. Currently, the mainstream market price remains at around 7700 yuan/ton.

2、 Market analysis

In terms of cost, the upstream cost side lacks support for cyclohexane, and overall market shipments are slow. The upstream pure benzene market is mainly stable, and in the short term, the pure benzene market is operating in a range of consolidation.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that the upstream cost support is poor, and it is expected that the cyclohexane market will remain stable in the short term.

This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of March 7th, the DOP price was 8138.75 yuan/ton, a fluctuating decrease of 2.25% compared to the DOP price of 8326.25 yuan/ton on March 1st. Plasticizer DOP enterprises are operating at a low level, and the supply of plasticizer DOP is tight; The price of phthalic anhydride fluctuated and fell, the price of isooctanol fluctuated and fell, the cost of plasticizer DOP decreased, and the downward pressure on plasticizers increased.

This week, the price of raw material isooctanol fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of March 7th, the price of isooctanol was 7466.67 yuan/ton, a decrease of 2.61% from the price of 7666.67 yuan/ton on March 1st. The new production capacity of isooctanol has been put into operation, and the supply of isooctanol has increased, shifting from supply shortage to oversupply. The price of isooctanol has fluctuated and fallen, and the cost of plasticizer DOP has decreased.

Decreased demand for plasticizers

The slow start of terminal demand and weak demand for plasticizers have led to a certain degree of inventory pressure in the plasticizer industry. Unsaturated resins and other downstream industries are also facing problems such as slow terminal delivery and insufficient consumption. The growth of plasticizer demand is slow, and the support for plasticizer price increases is insufficient.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, the price of phthalic anhydride has dropped significantly, and the cost of plasticizer DOP has decreased; In terms of demand, downstream production is slowly recovering, and the demand for plasticizers is decreasing. In the future, with the decrease in costs and weak demand for plasticizers, it is expected that the price of plasticizer DOP will remain weak and stabilize.

According to the Commodity Market Analysis System of Shengyi Society, the xylene market will first rise and then fall in February 2025. From February 1st to 28th, the domestic xylene market price fell from 6670 yuan/ton to 6640 yuan/ton, with a cumulative price drop of 0.45% during the period.

First half of the month: The xylene market first rose and then fell, and after the holiday, downstream buyers actively entered the market to purchase and drive the xylene market up. As downstream replenishment came to an end and market demand declined, the xylene market entered a downward trend. There are also some differences in various markets, among which the mixed xylene market in Shandong region is overall declining. Due to insufficient downstream demand, the market procurement enthusiasm is limited, and the overall operation of the Shandong market is weak. Affected by low inventory, market prices in the East China region have slightly increased. Affected by tight supply in the South China region, Sinopec raised its ex factory prices. However, due to insufficient downstream receiving capacity, the market prices slightly declined, with an overall increase followed by a decrease.

In the second half of the week, the xylene market experienced a volatile downward trend, with slight differences in performance across regions. In Shandong, prices first fell and then rose, while downstream demand first weakened and then strengthened during the week. PX and oil blending industries actively entered the market for procurement, driving prices in Shandong to first fall and then rise. Affected by high inventory, the spot market in East China is under pressure and experiencing a slight decline. The overall inventory in southern China is high, and the market is under pressure to decline.

Cost aspect: The crude oil market has fluctuated and fallen this month, with price ranges fluctuating in the first half of the month. After entering the second half, prices first fell and then rose. On February 27th, the settlement price of the main contract for WTI crude oil futures in the United States was $70.35 per barrel. The settlement price of the main Brent crude oil futures contract is $73.57 per barrel.

Supply side:

Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of February 28th, East China Company quoted 6700 yuan/ton, North China Company quoted 6500 yuan/ton, South China Company quoted 6750-6800 yuan/ton, and Central China Company quoted 6400 yuan/ton.

Demand side:

On February 28th, the execution price of xylene by the petrochemical sales company was 7500 yuan/ton, and this price was implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units operated stably and sold normally, with a price increase of 200 yuan/ton compared to January 31st. As of February 27th, the closing prices of the xylene market in Asia were 841-843 US dollars/ton FOB Korea and 866-868 US dollars/ton CFR China.

Market forecast: The crude oil market trend is weak and lacks guidance for the market. On the supply side, the construction in Shandong region is relatively low, and the supply is tight. The port inventory in East China is relatively high, and the supply is loose. The purchasing intention for chemical and oil blending in Shandong region on the demand side is still acceptable, but the downstream trend has been weak recently, which has insufficient boost to the market. Affected by the weakening of PX futures in other regions, the overall purchasing intention is low, and the overall performance of the demand side is slightly bearish. Overall, it is expected that the market will maintain a range oscillation trend in the short term due to the lack of demand support.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic PVC market fluctuated in February and closed flat at the end of the month, basically returning to the price level at the beginning of the month. According to the Commodity Analysis System of Shengyi Society, PVC saw a slight increase of 0.12% in February.

2、 Market analysis

Basic trend: At the beginning of the month, the PVC spot market continued its upward trend from the previous month, showing strong performance. With the continuous rise of crude oil and the driving force of the PVC futures market, the linkage between the spot market was obvious, and prices continued to rise. But in the second week of the month, prices fluctuated downward without the support of supply and demand. From mid month to the end of the month, the market returned to calm, supply and demand remained relatively stable, and prices remained moderate and flat.

In terms of inventory, there has been a temporary increase in market transactions recently, and enterprises have rationalized their inventory. This is mainly due to the return after the holiday, the increase in downstream market entry, and the improvement of procurement. But social inventory has also slightly increased, mainly due to manufacturers increasing their operating rates, and there is still some supply pressure in the market.

Cost side and demand: Since February, the sluggish performance of calcium carbide market prices has to some extent limited the strengthening trend of PVC. According to the Commodity Analysis System of Business Society. As of the 28th, the domestic price of calcium carbide has dropped by 5.45%. On the demand side, the increase in downstream operating rates is average. On the one hand, there is inventory pressure, and on the other hand, the resumption of work for hard plastics is slow, with downstream operating rates generally below 50%. In terms of exports, it exhibits strong rigidity. To some extent, it has alleviated the dilemma of insufficient demand.

3、 Future forecast

The PVC analyst from Shengyi Society believes that fundamentally speaking, supply and demand will continue to recover in March, with both the supply and demand sides showing some improvement, but high supply materials will outweigh the increase in demand. On the one hand, the high operating rate of manufacturers will lead to increased production, which in turn will push up inventory. On the other hand, although downstream PVC product manufacturers are gradually resuming work, their inventory is high, and market procurement remains mainly for essential needs. The export situation will continue to improve. Combined with the March meeting, driven by favorable policies, PVC prices are expected to maintain a strong trend.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid remained stable on February 26th, with a market average price of 2880 yuan/ton, unchanged from yesterday’s price, and a decrease of 2.37% compared to the beginning of the month.

The domestic acetic acid market is stable with small fluctuations, and prices in some regions have been lowered. The domestic production rate of acetic acid is relatively high, and enterprises maintain active shipment. Downstream companies mainly follow up on demand, and the market supply and demand are relatively balanced. Acetic acid prices are running steadily; The mentality of operators in Jiangsu region is poor, downstream demand is weak, and enterprise shipments are not smooth, resulting in a slight shift in the focus of acetic acid transactions.

On February 26th, the market prices of acetic acid in various regions are as follows:

Region/ February 25th/ February 26th/ rise and fall

South China region/ 3000 yuan/ton/ 3000 yuan/ton/ 0

North China region/ 2805 yuan/ton/ 2805 yuan/ton/ 0

Shandong region/ 2830 yuan/ton/ 2830 yuan/ton/ 0

Jiangsu region/ 2825 yuan/ton/ 2800 yuan/ton/ -25

Zhejiang region/ 2975 yuan/ton/ 2975 yuan/ton/ 0

The upstream raw material methanol market has risen narrowly. On February 26th, the average price in the domestic market was 2603.33 yuan/ton, an increase of 0.55% compared to yesterday’s price of 2589.17 yuan/ton. Traditional downstream production has resumed, and downstream market purchases have been boosted. However, the decrease in external prices may have a negative impact on the domestic market, and the methanol market will continue to fluctuate in the future.

On February 26th, the downstream acetic anhydride market remained stable, with an average factory price of 5110 yuan/ton, unchanged from yesterday’s price. The upstream acetic acid market remains stable, while the cost support for acetic anhydride is average. Downstream market entry follows suit as needed, and market trading is lukewarm. The supply and demand in the market are relatively balanced, and the acetic anhydride market is running steadily and cautiously.

Market forecast: According to the acetic acid analyst from Shengyi Society, the restart and recovery of domestic facilities are underway, the market operating rate is increasing, the supply of goods is increasing, the downstream market is weak, the demand for acetic acid is limited, and the market trading atmosphere is average. It is expected that the acetic acid market will consolidate weakly, and attention will be paid to the downstream follow-up situation in the future.

The price of ethylene glycol first rose and then fell in February

In February 2025, the price of ethylene glycol first rose and then fell. According to data from Shengyi Society, as of February 25th, the average price of domestic oil to ethylene glycol was 4695 yuan/ton, a decrease of 0.35% from the average price of 4711.67 yuan/ton on February 1st.

Recently, the accumulation of ethylene glycol at ports has been significant, suppressing spot prices. After the price drop, contract traders became active and received more orders at low basis prices. On February 25, 2024, the spot contract price of ethylene glycol at the port was lowered, and the basis spread increased. The basis price for this week’s contract increased from+24 to+26 in the morning session, and rose to+27 to+30 in the afternoon session; After the close of trading, the contract basis quotation for the following week will be+38 to+40. The contract basis quotation for March will be+55 to+58, the contract basis quotation for April will be+72 to+74, and the contract basis quotation for May will be+80 to+85.

In terms of external ethylene glycol, as of February 24th, the landed price of ethylene glycol in China is 549 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 557 US dollars/ton.

Reasons for the recent weakening of ethylene glycol prices

1. Significant accumulation of port inventory

As of February 24, 2025, the total inventory of ethylene glycol in the main port of East China was 709700 tons, an increase of 298200 tons compared to the total inventory of 411500 tons on January 2; The total inventory on February 20th was 725600 tons, a decrease of 15900 tons.

In terms of outbound shipments, on February 24th, a mainstream storage area in Zhangjiagang shipped around 4550 tons of ethylene glycol; The shipment volume of ethylene glycol from the two main storage areas in Taicang is about 4200 tons.

The increase in port arrivals and the restart of domestic pre maintenance facilities have brought about an increase in supply, raising market expectations of oversupply, despite some domestic facilities (such as Fujian and Xinjiang) entering maintenance status.

2. Cost side fluctuations

External crude oil prices have loosened, with limited cost support. The dominant factor in market prices tends to be supply and demand considerations.

3. Downstream demand is mainly driven by short-term consumption of inventory goods

Downstream terminals are gradually resuming production, mainly consuming more inventory. The production of polyester may be affected by the operating rate of terminal demand, resulting in weak demand expectations.

In February, the market price of epichlorohydrin increased significantly, with some areas exceeding 10000 yuan. According to the monitoring and analysis system of Shengyi Society, as of February 24th, the benchmark price of Shengyi Society’s epichlorohydrin was 9375 yuan/ton, an increase of 4.17% compared to the beginning of this month.

Price influencing factors:

Raw material side: The propylene market is affected by changes in supply and demand, mainly consuming inventory, and the market price is temporarily stable. The increase in propylene based epichlorohydrin is limited; Due to tight supply and high production costs in the glycerol market, prices have increased. Supported by favorable cost factors, the price of glycerol based epichlorohydrin has been positively pushed up. According to the market analysis system of Shengyi Society, as of February 24th, the benchmark price of propylene in Shengyi Society was 6858.25 yuan/ton, an increase of 0.51% compared to the beginning of this month (6823.25 yuan/ton).

Supply side: The supply of epichlorohydrin in the market has decreased. Dongying Liancheng’s 100000 tons/year glycerol process unit is currently shut down, and the restart time will be notified separately. Hengyang Jiantao’s 50000 tons/year propylene process unit will shut down on February 17th, and the restart time will be notified separately. In addition, some devices are in a long-term parking state. Overall, the operating rate of the epichlorohydrin industry is about 50-60%.

Downstream demand side: The downstream epoxy resin industry is experiencing slow growth in production. At present, the overall operating rate of liquid resin is 70-80%, and the overall operating rate of solid resin is 50-60%. The market price of liquid epoxy resin has increased, with positive inquiries and a good trading atmosphere. The demand for solid epoxy resin is generally average, and market purchases are replenished as needed, with small order transactions being the main focus. Overall, downstream demand is showing a stable to strong trend.

Market forecast: Analysts from Shengyi Society believe that with the rise in glycerol prices and high cost support, coupled with the shutdown of some epoxy chloropropane production enterprises, the supply of epoxy chloropropane will be reduced. The attitude of holders of goods is positive, and the atmosphere of price increase is strong. At the same time, the overall downstream demand atmosphere has also improved. Supported by favorable supply and demand, it is expected that the market price of epichlorohydrin will maintain a strong trend in the near future, and more attention still needs to be paid to changes in market supply and demand.