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.