According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the average production price of ethyl acetate was 5436.67 yuan/ton, an increase of 46.67 yuan/ton compared to the beginning of the month price of 5390.00 yuan/ton, with an overall increase of 0.87%. The raw material market is weak, with insufficient cost support, downstream on-demand procurement, limited supply side benefits, and fluctuating prices of ethyl acetate.
Market analysis: This month, the overall market situation of ethyl acetate first rose and then fell. In the first half of the month, the price of ethyl acetate rose, mainly due to frequent fluctuations in equipment, tightening market supply, strong upward sentiment among industry players, and a strong upward trend in the ethyl acetate market; In the second half of the month, some maintenance equipment will be restored, and the positive factors will weaken. At the same time, the price of acetic acid on the raw material side will continue to fall, and the cost side will be bearish. The market for ethyl acetate will follow suit and decline.

According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the price of acetic acid was 2420.00 yuan/ton, a decrease of 8.33% compared to 2640.00 yuan/ton at the beginning of the month. The weak downward trend of acetic acid prices within the month, low downstream purchasing enthusiasm, accumulation of acetic acid inventory on the supply side, and weak market sentiment have had a negative impact on the ethyl acetate market.
Looking at the future, the current production of ethyl acetate is sufficient, and there is significant pressure on companies to ship. Downstream buyers are cautious in following up on the market, and demand support is limited. The raw material acetic acid market is weak, and cost support is weak. There is a lack of favorable market conditions, and it is expected that the ethyl acetate market will operate weakly next month. Specific attention should be paid to changes in supplier equipment and downstream follow-up situations.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the overall price of bromine has risen this month. The average market price at the beginning of the month was 27900 yuan/ton, and the average market price over the weekend was 30000 yuan/ton, with a price increase of 7.53% and a year-on-year increase of 36.36%. On October 30th, the Business Society Bromine Index was 105.26, unchanged from yesterday, a decrease of 57.07% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 78.65% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
The overall price of bromine has been on the rise this month, with a reference price of 29000-32000 yuan/ton for spot bromine production in Shandong region. Due to weather and policy reasons, domestic bromine enterprises still have tight inventory and insufficient industry operating rates, but downstream enterprises have average purchasing enthusiasm. In terms of raw materials, domestic sulfur prices have been rising, with an average market price of 2657.67 yuan/ton at the beginning of the month and 3284.33 yuan/ton at the end of the month. The price has increased by 23.58%, which is 114.99% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain strong this month, while upstream sulfur prices are expected to remain strong this month. Bromine supply is tight in the near future, but downstream buyers tend to purchase on demand, leading to resistance to price increases. Overall, it is expected that bromine prices may continue to consolidate in the later period, depending on downstream market demand.

On October 29th, the domestic market for anhydrous hydrogen fluoride saw a slight decline. According to the analysis system of Shengyi Society, as of October 29th, the benchmark price of hydrofluoric acid in Shengyi Society was 12533.33 yuan/ton, a decrease of -1.05% from the beginning of the month.
On the raw material side, the price trend of domestic fluorite has declined, and the support on the cost side has weakened. As of October 29th, the benchmark price of fluorite in Shengyi Society was 3612.50 yuan/ton, an increase of 0.07% compared to the beginning of this month (3610.00 yuan/ton). The decline in fluorite prices has weakened the strong cost support for hydrofluoric acid, leading to a slight decline in the hydrofluoric acid market.
Demand side: Downstream demand side encounters traditional off-season, weak demand, insufficient overall consumption capacity, and mainly relies on on-demand procurement. Maintain a wait-and-see attitude and have low purchasing enthusiasm. Overall, the demand side has weak support for hydrogen fluoride, and it is expected that the hydrogen fluoride market will mainly operate weakly and steadily in the later stage.
Market forecast: The price of raw material fluorite will decrease, and cost support will weaken. In addition, downstream demand will be weak due to the traditional off-season, and rigid demand will be the main focus. Overall, downstream consumption capacity is insufficient. It is expected that the anhydrous hydrogen fluoride market will mainly operate weakly and steadily in the later stage. More attention should be paid to changes in market supply and demand.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 27th, the reference average price of domestic urea market is 1625 yuan/ton, which is 0.23% higher than the reference average price of 1621 yuan/ton on October 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market price first fell and then rose. In the first half of this month, the domestic urea market prices fell. The futures market is not good, the market supply is sufficient, and coupled with weak downstream demand, the urea market is weakening. In mid month, the domestic urea market prices fluctuated slightly and rose. The futures market has become stronger, and autumn procurement is coming to an end. Downstream buyers are following suit on urea dips, and the market trading atmosphere is good. At the end of this month, the domestic urea market prices continued to rise. The urea futures market is strengthening, and the spot market is following the trend of the futures market.
market situation
As of October 27th, the urea market prices in Shandong region are around 1570-1630 yuan/ton, Hebei region are around 1570-1630 yuan/ton, Henan region are around 1540-1600 yuan/ton, and Liaoning region are around 1600 yuan/ton.
According to the weekly K-bar chart from July 28, 2024 to October 20, 2025, it can be seen that the domestic urea cycle is characterized by ups and downs. The largest decline in domestic urea in October was -2.85% in the week of October 6th, and the largest increase was 1.27% in the week of October 20th.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has been strong and rising recently. At present, the trading atmosphere in the urea market is good, and downstream inquiries have increased. But with the continuous rise, the market’s cautious mentality has increased. The inventory of urea market is still at a high level, and the demand for industry and agriculture is still insufficient. It is expected that the short-term domestic urea market price consolidation and operation will be the main focus.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been rising this week. The average market price at the beginning of the week was 28400 yuan/ton, and the average market price over the weekend was 30000 yuan/ton, with a price increase of 5.63% and a year-on-year increase of 41.51%. On October 23, the Business Society Bromine Index was 103.51, unchanged from yesterday, a decrease of 57.78% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 75.68% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
This week, the price of bromine has risen, and the reference price for bromine spot production in Shandong region is 29000-31000 yuan/ton. Due to weather and policy reasons, domestic bromine enterprises still have tight inventory and insufficient industry operating rates, but downstream enterprises have average purchasing enthusiasm. In terms of raw materials, domestic sulfur prices have been rising this week, with an average market price of 2901 yuan/ton at the beginning of the week and 3157.67 yuan/ton over the weekend. The price has increased by 8.85%, which is 114.48% higher than the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are expected to remain strong. Bromine prices are expected to remain strong this week, and downstream buyers are expected to purchase as needed, which may lead to resistance to the increase in bromine prices. Overall, it is expected that bromine prices will continue to remain strong in the future, depending on downstream market demand.

This week, the price of isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the price of isooctanol was 6283.33 yuan/ton, a fluctuating decrease of 4.07% compared to the price of 6550 yuan/ton on October 13th last Monday; Compared to October 1st, the price of isooctanol fluctuated and fell by 5.75% to 6666.67 yuan/ton. Partial maintenance of isooctanol equipment in some enterprises resulted in a slight decrease in the operating load of isooctanol facilities and a decrease in isooctanol supply; The price of propylene has fallen, and the cost of isooctanol has decreased; This week, the supply of isooctanol has decreased, coupled with a decrease in costs, causing the price of isooctanol to fluctuate and fall.
The cost of raw material propylene has decreased
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the price of propylene was 6195.75 yuan/ton, a fluctuating decrease of 5.30% compared to the price of 6543.25 yuan/ton on October 1st. This week, the price of propylene fluctuated and fell, raw material prices fell, and the cost of isooctanol decreased, increasing the pressure on the price of isooctanol to decline.
Downstream plasticizer DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the DOP price was 7209.17 yuan/ton, a fluctuating decrease of 2.15% compared to the DOP price of 7367.50 yuan/ton on October 1st; Compared to October 13th, the DOP price of 7309.16 yuan/ton fluctuated and fell by 1.37%. This week, DOP prices have fluctuated and fallen, with DOP companies operating at less than 60% capacity, resulting in a decrease in operating rates and DOP production. The demand for isooctanol has also decreased, leading to significant downward pressure on isooctanol prices.
Future expectations
The data analyst of Business Society’s octanol product believes that in terms of cost, the price of propylene has fallen, the price of raw materials has fallen, and the pressure of isooctanol’s decline has increased. In terms of demand, DOP prices have fluctuated and fallen, while DOP companies have seen a slight decrease in production, resulting in a decrease in DOP output and reduced support for isooctanol demand. In the future, the demand for cost reduction of isooctanol is weak, and the downward pressure on isooctanol is increasing. It is expected that the price of isooctanol will fluctuate and fall in the future.

According to the Commodity Market Analysis System of Shengyi Society, from October 13th to 17th, the domestic ethanol price was 5550 yuan/ton, a month on month decrease of 1.46% and a year-on-year decrease of 0.54%. The price of raw corn has significantly decreased, with some areas experiencing an increase in plant production after the holiday. Downstream demand for replenishment has also increased, resulting in low transaction prices. The price of ethanol in the domestic market has also dropped significantly.

On the cost side, corn prices continue to show a weak trend overall. Many areas in North China have once again experienced rainy weather, with most grassroots grain points in a state of suspended harvesting, and market purchases and sales being sluggish,. The cost of ethanol is influenced by bearish factors.
On the supply side, multiple previously shut down enterprises have recently produced by-products, and the ethanol supply side is affected by negative factors.
On the demand side, downstream procurement is mainly based on demand. Negative factors affecting ethanol demand.
Market forecast shows an increase in supply and a need for recovery in demand. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will be mainly weak.

Since September, asphalt prices have been fluctuating downwards due to various factors. According to monitoring data from Shengyi Society, the ex factory price of heavy-duty asphalt # 70 in Shandong region was 3680 yuan/ton on September 1st, and as of September 29th, the ex factory price in Shandong region was 3593 yuan/ton.
In September, the supply of raw materials was abundant, and most local refineries maintained a high level of production enthusiasm, driving the overall asphalt production to increase compared to last week. Last week, the capacity utilization rate of 92 asphalt refineries in China was 42.0%, an increase of 5.7% compared to the previous week. The weekly asphalt production was 701000 tons, an increase of 15.5% compared to the previous week. Recently, competition for various brand resources remains fierce, and the pressure on asphalt supply remains high and difficult to reduce. It is expected that the planned production of asphalt in October will remain high, with a total domestic asphalt production of 2.682 million tons in October.

In terms of demand, some regions in China experience concentrated rainfall and typhoon weather, which hinders terminal demand. The national demand for asphalt shows a pattern of strong demand in the north and weak demand in the south. Due to the increase in supply and the suppression of demand by rainfall, the accumulation of inventory in Shandong region is more obvious. 104 domestic asphalt companies have a total social inventory of 154.1 tons. In the Northeast region, due to the narrowing of construction windows and price reductions by traders, the price advantage of social inventory resources has become apparent. Coupled with the support of rush work demand, the process of destocking has accelerated.
From the perspective of Shengyi Society, the fourth quarter has seen a significant increase in asphalt production recently, which may cause significant pressure on prices after the peak season ends and break the relatively strong pattern among asphalt consumers. Therefore, we hold a bearish view on asphalt prices in the fourth quarter.

The Jin Jiu market fell short of expectations, and the overall domestic acetone market continued to decline, currently reaching a new low for the year. The East China acetone market reported an average daily price of 4525 yuan/ton from September 1st to 4408 yuan/ton on September 29th, a decrease of 2.58%. From the perspective of the national acetone market, there are fluctuations of the same magnitude.

From the supply side, regardless of the manufacturer’s phenol ketone unit, there were different durations of shutdowns and maintenance during the month. As a result, the operating rate of phenol ketone units in China decreased to a low point of 66%. The supply of goods under import contracts has arrived in succession, especially the supply of goods from Saudi Arabia has been significantly supplemented. The supply of goods from South Korea, Taiwan, China, China, and Singapore has also been supplemented in succession, while the supply of goods from Thailand may be reduced.
From the demand side, it is expected that the operating rate of downstream bisphenol A plants will increase, and the demand for acetone will also increase; The operating loads of isopropanol, MMA, and MIBK have slightly changed, while the demand for acetone has not changed significantly. From a cost perspective, there has been a slight increase in both the supply and demand of raw material pure benzene, and the supply continues to be lower than demand. It is expected that the short-term price will strengthen and consolidate.
In September, the cargo volume of acetone in East China was 44000 tons, of which 35200 tons have arrived, 3800 tons are in transit, and 2000 tons were in transit in October. From the perspective of shipping schedule, the subsequent import freight will mainly be sourced from South Korea, Saudi Arabia, and Thailand, with domestic sources also being supplemented.
Business Society expects that the pre holiday stocking of terminal factories will be basically completed, waiting for further clarification after the holiday. There are fewer trading days affected by holidays in October, which puts pressure on contract digestion. Supply has increased and demand has slightly increased. It is expected that the domestic acetone market will maintain a weak and volatile trend after the National Day holiday, and this year’s gold, silver, and silver prices will fall far short of expectations.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 26th, the average quotation price of domestic high-quality DMF enterprises was 4010 yuan/ton. Compared with last week, DMF prices have remained stable with small fluctuations. Currently, the fluctuation range of DMF prices is limited, and the overall market negotiation focus is stable, with a relatively low market negotiation focus.
2、 Cause analysis
In terms of the market, the DMF market is currently operating steadily with little price fluctuation. The spot delivery price for DMF in Shandong and surrounding areas is based on 3650-3800 yuan/ton, while the price in Jiangsu and Zhejiang is 3900 yuan/ton. Currently, the DMF market is mainly operating steadily. The spot delivery price for DMF in South China is based on 4000-4050 yuan/ton in Guangzhou, with a weak and stable focus. The mainstream delivery price for DMF in East China is based on 3830-3920 yuan/ton in Jiangsu and 3880-3980 yuan/ton in Zhejiang. The DMF market is currently operating steadily.
Upstream: The upstream methanol market is mainly operating weakly. As of September 26th, the reference range for fixed price negotiations of methanol in the US dollar market is 259-264 US dollars/ton. The price of Inner Mongolia’s methanol Ordos North Line is between 2080-2100 yuan/ton, with a factory withdrawal of 10 yuan/ton at the low end. Today, the small orders for methanol imports and exports in Ningbo area were sold at a spot exchange rate of 2260-2280 yuan/ton. Currently, the overall market negotiation atmosphere is average.
3、 Future forecast
DMF analysts from Shengyi Society believe that DMF prices are expected to remain stable in the short term, with insufficient upward momentum and maintaining the current trend in price dynamics.