According to the Commodity Market Analysis System of Shengyi Society, as of August 26, 2025, the reference price of n-butanol in Shandong Province, China is 6216 yuan/ton. Compared with August 1 (reference price of n-butanol is 5976 yuan/ton), the price has increased by 240 yuan/ton, an increase of 4.02%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that in August, the overall market situation of n-butanol in Shandong Province, China, showed a trend of first falling and then rising. In mid to late August, the n-butanol market in Shandong mainly experienced a downward trend, with market prices fluctuating downwards. As of August 21st, n-butanol has cumulatively decreased by 250-300 yuan/ton, a drop of 4.35%. The main factor driving the downward trend in the market is the slow and loose transmission of supply and demand. The supply side of n-butanol is stable, downstream demand is cautious, and there is some pressure on the supply side. The market support is insufficient.
At the end of the month, the n-butanol market in Shandong experienced a recovery, with some facilities reducing production and overall production decreasing. The available supply sources in the n-butanol market were reduced, and the overall downstream enthusiasm for receiving goods increased. Both supply and demand supported the market’s downward trend. As of August 26th, the reference price for n-butanol market in Shandong region is 6150-6300 yuan/ton. Compared with the low point of the month, the price has dropped by 300-400 yuan/ton, an increase of 8.75%, and an increase of 4% compared with the beginning of the month.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the market is mild, and the overall inventory of n-butanol in the market remains low. The mentality of the industry is good. The n-butanol data analyst of Shengyi Society predicts that in the short term, the domestic n-butanol market price will mainly adjust to a higher level, and specific changes in supply and demand information need to be paid more attention to.

1、 Price trend

Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example. According to data monitoring by Business Society, the domestic titanium dioxide market price has remained stable this week, with an average market price of 13480 yuan/ton.
2、 Market analysis
This week, the domestic titanium dioxide market is stable and improving. This week, domestic titanium dioxide companies jointly issued a letter announcing a price increase, with most companies raising their domestic prices to 500 yuan/ton and foreign prices to 70 US dollars/ton. Although most companies have sent letters to raise prices, it will take some time for new orders to be confirmed, and the trading atmosphere on the exchange has improved compared to before. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 12900-13800 yuan/ton; The price of the titanium type is around 11600-11900 yuan/ton, and the actual transaction price is negotiable.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that this week, Longqi led a letter to raise the price of titanium dioxide, indicating an improvement in the market situation. Individual companies have seen an increase in new transactions, but overall the market remains relatively stagnant. It is expected that the titanium dioxide market will remain stable and improve in the short term, with actual transaction prices subject to negotiation.

price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has decreased this week. At the beginning of the week, the average price of isopropanol in China was 5775 yuan/ton, and the average price over the weekend was 5700 yuan/ton, with a price reduction of 1.3%.
The market price of isopropanol has decreased this week. The overall market situation is average, with downstream terminal demand as the main factor. The spot market supply is sufficient, and the trading focus is weak. Actual transactions are cautious. As of now, most of the isopropanol market prices in Shandong are around 5500-5600 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 5600-5800 yuan/ton.
Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fallen this week, and the spot market supply is sufficient. The overall trading volume in the downstream market is light, and actual orders are cautious. It is expected that the isopropanol market will remain cautious in the short term, with a focus on weak stability consolidation.

According to the Commodity Market Analysis System of Shengyi Society, from August 4th to 7th, the domestic ethanol price fell to 5660 yuan/ton, with a price drop of 0.29% during the period, a price increase of 0.14% month on month, and a year-on-year decrease of 5.78%. The domestic ethanol market prices are running weakly, with limited overall market transactions and a decrease in factory quotes.

In terms of cost, the spot price of corn is still mainly running weakly. With the downward adjustment of futures prices, the overall buying and selling atmosphere in the market is biased, and the shipping enthusiasm of traders in production areas has slightly increased, but the downstream buying enthusiasm is slightly average. The cost of ethanol is influenced by bearish factors.
On the supply side, there is not much fluctuation in the production of edible ethanol, and the increase in supply is greater than the decrease. The Wanli unit has returned to normal, the Hongzhanlaha anhydrous unit has been restored, the Fukang unit has been restored, the Yushu unit has been completely shut down, and the Shandong Qufeng unit has been completely shut down; Other facilities in East China are operating stably, while the COFCO facility in Guangxi, South China, is shut down. The impact of ethanol supply is mixed.
On the demand side, from the demand side, most Baijiu factories in some regions have been shut down, with limited transactions, mostly for chemical consumption. Negative factors affecting ethanol demand.
Market forecast: Factory quotations remain stable, transactions are at a low level, and shipments at high prices are not smooth. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will mainly operate weakly.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7486 yuan/ton on July 1st and 7466 yuan/ton on July 31st, a decrease of 0.27%. LDPE (2426H) had an average price of 9550 yuan/ton on July 1st and 9516 yuan/ton on July 31st, a decrease of 0.35%. HDPE (2426H) had an average price of 8112 yuan/ton on July 1st and 7975 yuan/ton on July 31st, a decrease of 1.69%.
Polyethylene first fell and then rose in July, among which HDPE lacked upward momentum. On the demand side, agricultural film is in a low season of demand, with insufficient follow-up of new orders in the market and low operating rates. Downstream procurement is cautious, and the weak demand side continues to suppress the weak downward trend of polyethylene market. Domestic policy preferences and supply side reform 2.0 provide support for the polyethylene market, improving the mentality of industry players. Polyethylene has seen a significant increase in the second half of the month, with prices tentatively rising slightly. The crude oil market is volatile, with oil prices rising towards the end of the month and cost support still present. On the supply side, there is an expectation of an increase, and the maintenance equipment has been restarted. The supply side is sufficient.
Supported by domestic policies, the mentality in the market has improved somewhat; However, the improvement in supply and demand is limited, and it is expected that polyethylene will mainly fluctuate in a narrow range, with limited upward space.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene in the Shandong region has fluctuated and risen this month. The market price fluctuated and fell in the first half of the year, then rose and fell in the middle, and rose sharply in the second half. On July 1st, the price was 5942 yuan/ton; On July 30th, the price was 6078.67 yuan/ton, an increase of 2.3% from the beginning of the month.
2、 Market analysis
Pure benzene: Today, the domestic pure benzene market prices are mainly rising. The rise in crude oil prices and the upward trend in styrene and pure benzene futures have boosted confidence in the pure benzene market. Shandong’s local refining enterprises continue to increase their quotations, resulting in a high volume of transactions on the market and difficulty in finding low quotes. Overall, there are certain favorable macroeconomic policies, and the main operating units have raised their listing prices. It is expected that the trend of pure benzene will remain strong in the short term, and actual transactions are subject to discussion.
This month, Sinopec has raised the price of pure benzene by 50 yuan/ton to 6050 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On July 29th, international crude oil futures rose. The settlement price of the September WTI crude oil futures contract in the United States was $69.21 per barrel, an increase of $2.50 or 3.7%. The settlement price of Brent crude oil futures for September was $72.51 per barrel, an increase of $2.47 or 3.5%. Concerns about fuel supply disruptions in Russia, coupled with the trade agreement reached between the United States and the European Union, have supported a continuous rise in oil prices.
On July 29th, FOB Korea rose by 7 to 745 US dollars per ton, while CFR China rose by 7 to 758 US dollars per ton. FOB Rotterdam fell 9 to $745 per ton, while FOB US Gulf remained stable at 279 cents per gallon.
Overall expectation: In the short term, the pure benzene market will continue to operate strongly, and we will wait and see on the cost and demand side news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.

Price trend: first rising and then falling, dominated by supply and demand game
Rising at the beginning of the month (7.1-7.14):
Tightening supply: Some enterprises in Shandong have shut down for maintenance due to equipment failures, and the overall operating rate of the industry has dropped to around 70%. The market supply has decreased, and inventory is low.
Price increase: Downstream companies have slightly restocked in anticipation of price increases, driving the average price of bulk water in the Shandong market to 2237.5 yuan/ton, reaching a high point for the month with a growth rate of 6.04%.
Late fall (7.15-7.28):
Supply recovery: Parking facilities are gradually restarting, industry operating rates have rebounded to 75%, and market supply has increased.
Weak demand: Downstream consumers are resistant to high prices and only maintain essential purchases, resulting in accumulated inventory and price pressures leading to a decline. According to the Commodity Market Analysis System of Shengyi Society, as of July 28th, the average price of dichloromethane in Shandong Province has fallen to 2097 yuan/ton, a decrease of 0.59% for the month.
analysis of influencing factors
Supply side: Device fluctuations dominate short-term market trends
Device dynamics: Due to unexpected maintenance at the beginning of the month, the supply was tight. In the later part of the month, as the device resumed, the supply pressure eased.
Inventory pressure: Low inventory supported price increases in the first half of the month, while weak demand in the second half led to inventory accumulation and suppressed prices.
Cost side: Raw materials methanol and liquid chlorine both fell, with insufficient support
Methanol: With loose supply and weak demand, prices have fallen. As of July 28th, the benchmark price of methanol in Shengyi Society was 2399 yuan/ton, a decrease of 5.16% for the month.
Liquid chlorine: The demand recovery in the Shandong market is slow, and the center of gravity for liquid chlorine has shifted downwards.
Impact: Weakening cost support, narrowing profit margins for dichloromethane, and increased willingness of enterprises to lower prices for shipments.
On the demand side: seasonal suppression, with rigid procurement as the main focus
Traditional downstream (coatings, adhesives): Due to high temperatures, rainy seasons, and environmental inspections, the operating rate is low and demand is weak.
Refrigerant (R32): Both production and sales are strong, but the proportion of dichloromethane produced by the enterprise is high, and the increase in external procurement is limited, resulting in insufficient market pull.
Overall procurement model: Downstream suppliers tend to restock at low prices, with low acceptance of high prices, which suppresses the potential for price increases.
Outlook for the future: The supply-demand game may continue, or maintain a narrow range of fluctuations
It is expected that the supply-demand game will continue in August. If there is no significant improvement on the demand side, prices may continue to fluctuate weakly in a narrow range. If companies continue to reduce negative control volume, the downward trend may be delayed. Pay attention to the equipment situation, inventory changes, and raw material price trends of the enterprise.

According to the Commodity Market Analysis System of Shengyi Society, from July 21st to 25th, MTBE prices rose from 5020 yuan/ton to 5107 yuan/ton, with a price increase of 1.74% during the period, a month on month decrease of 4.31%, and a year-on-year decrease of 24.89%. The domestic MTBE market has experienced sporadic adjustments, with some manufacturers exporting to ports and a significant decrease in export volume. Downstream businesses have a certain demand for purchasing, and the overall transaction atmosphere is still acceptable.
On the cost side, in terms of crude oil: The international oil price has fallen, and the main negative factors are that OPEC+may continue to maintain a significant increase in production in September, coupled with concerns about US tariff policies, putting pressure on the oil market. As of July 24th, the settlement price of Brent crude oil futures for the September contract was $69.18 per barrel.
On the demand side, in terms of downstream gasoline, international oil prices may decline, while a new round of retail price limits for refined oil products is hovering on the brink of being lowered. It is difficult to find substantial positive news to boost the refined oil market. Intermediate traders place rational orders, and downstream users maintain median inventory for procurement and sales. Therefore, refinery shipments and volume growth remain the focus of operations. The MTBE demand side is affected by bearish factors.
Supply side: The short-term domestic MTBE supply side is affected by favorable factors.
As of the close on July 24th, the closing price of the Asian MTBE market has increased by $8.66 per ton compared to the previous trading day, with FOB Singapore closing at $651.14-653.14 per ton. The closing price of the European MTBE market increased by $16.25/ton compared to the previous trading day, and FOB ARA closed at $876.99-877.49/ton. The closing price of the MTBE market in the United States decreased by $1.21/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $714.66-715.02/ton (201.79-201.89 cents/gallon).
Future forecast: Currently, raw material prices are operating at a high level, and cost support is relatively abundant. The MTBE analyst from Shengyi Society believes that the domestic MTBE market may remain strong.

1、 Price trend
According to data monitored by Shengyi Society, as of July 18th, the average price of industrial grade high-quality cyclohexane in China was 7233 yuan/ton, a decrease of 1.36% compared to the same period last week. The cyclohexane market has remained stable, with no significant changes and a slight decline in price. Currently, downstream demand is insufficient, and the driving force for price increases is weak. Demand replenishment is the main focus, and the spot market supply is sufficient. In the short term, supply-demand balance is the main operation.
2、 Market analysis
At present, the focus of negotiations in the domestic cyclohexane market is running steadily, and downstream purchasing willingness is average. Downstream replenishment is mainly based on demand, and the negotiation atmosphere is not positive. Currently, cyclohexane inventory pressure still exists, inventory is running at a high level, spot supply is sufficient, market consumption is slow, and contract customers are mainly in urgent need of procurement. Downstream procurement lacks enthusiasm, and the overall cyclohexane market is under pressure. Currently, the mainstream transaction price is concentrated at around 7400 yuan/ton, and the cyclohexane market price is weak this week.
Upstream: As of July 18th, the pure benzene market has experienced sluggish transactions, with prices fluctuating between 5750-5850 yuan/ton during the cycle. Low/high-end prices have fallen by 20/60 yuan/ton compared to the previous cycle. In the previous cycle, Shandong’s pure benzene had good transactions for five consecutive days, and downstream inventories have been established. This cycle, pure benzene in East China and the market have weakened, and downstream Shandong has actively suppressed prices. Local refining shipments have encountered difficulties for several consecutive days, with transaction volumes hovering at low levels of 100-1500 tons. Due to shipment obstacles, local refining inventories have been affected, and prices have continued to decline. After that, low-end transactions have improved to some extent, and it is expected that weekend transactions may turn warm up.
Downstream: As of July 18th, the cyclohexanone market in South China has been consolidating and operating. Downstream purchases are made as needed, and the supply of spot goods in the market is stable. Currently, the cyclohexanone market is mainly operating steadily.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the downstream demand for cyclohexane is generally moderate, with on-demand procurement being the main focus. It is expected that the cyclohexane market will remain stable in the short term.

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 831 yuan/ton, and the average market price over the weekend was 851 yuan/ton, with a price increase of 2.41% and a year-on-year increase of 4.55%. On July 10th, the Business Social Chemical Index was 773 points, unchanged from yesterday, a decrease of 44.79% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 29.26% from the lowest point of 598 points on April 8th, 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 790-880 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 830-920 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 the Shandong region, the prices of liquid alkali purchased by major downstream enterprises have increased, and the prices of liquid alkali in the region have risen. Alumina is mostly purchased on demand, while non aluminum receiving is mainly purchased on demand.
Business analysts believe that in the near future, caustic soda prices have been operating strongly, and domestic downstream demand is still acceptable, supporting the firm operation of caustic soda prices. The comprehensive supply-demand game predicts that caustic soda will maintain a strong operating market in the later stage, depending on downstream market demand.