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.