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.