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.