According to the Commodity Market Analysis System of Shengyi Society, as of May 25th, the average price of acetic acid was 2700 yuan/ton, an increase of 30 yuan/ton or 1.12% compared to the price of 2670 yuan/ton on May 19th.
This week, the acetic acid market has been running strongly, and enterprise quotations have risen. On the supply side, the acetic acid plant is operating steadily, and the market capacity utilization rate remains high. From a regional perspective, most enterprises have lower inventories, and manufacturers have a clear intention to increase prices. Downstream inventory is not high, and market purchasing sentiment is good. The focus of acetic acid transactions has shifted upward.

As of May 25th, the market prices of acetic acid in various regions are as follows:
Region /May 19th /May 23rd /Rise and fall
South China region /2525 yuan/ton /2550 yuan/ton / 25
North China region /2540 yuan/ton /2565 yuan/ton / 25
Shandong region /2570 yuan/ton /2580 yuan/ton / 10
Jiangsu region /2440 yuan/ton /2460 yuan/ton / 20
Zhejiang region /2640 yuan/ton /2660 yuan/ton / 20
The upstream methanol market is running weakly. From May 19th to 25th, the average price in the domestic market decreased from 2362 yuan/ton to 2303 yuan/ton, with an overall decline of 2.49%. The expectation of incremental supply in the methanol market has strongly suppressed prices. Although downstream external mining and downstream equipment start-up have provided some support to the market, the overall support is weak, and the domestic methanol market is under pressure to decline.
The downstream acetic anhydride market is operating weakly. On May 25th, the average ex factory price of acetic anhydride was 4442.50 yuan/ton, a decrease of 1.55% compared to the price of 4512.50 yuan/ton on May 19th. The upstream acetic acid market is relatively strong, the cost of acetic anhydride is increasing, downstream demand is insufficient, the market trading atmosphere is light, the profit of acetic anhydride is decreasing, and the price of acetic anhydride is weakly declining during the cycle.
According to the forecast for the future, the acetic acid analyst from Shengyi Society believes that currently, there is no pressure on the inventory of acetic acid enterprises, and the manufacturers’ mentality is strong. At the same time, some domestic factories have maintenance plans to release, and the utilization rate of acetic acid production capacity will be reduced. Downstream demand will follow steadily. Under the guidance of the news, it is expected that the acetic acid market will be steadily adjusted upwards in the short term, and specific attention will be paid to changes in equipment and downstream follow-up situations.

According to the Commodity Analysis System of Shengyi Society, the recent upward trend of styrene has ended, and the price has fluctuated and fallen back. Firstly, the favorable conditions for raw material pure benzene have been exhausted, leading to an increase in equipment load. Coupled with the sustained high supply from South Korea, there is a significant pressure to reduce inventory, resulting in a downward shift in the price center of pure benzene. Secondly, the high inventory of styrene downstream and weak demand, coupled with the early completion of maintenance for some facilities, have further suppressed the rise in styrene prices due to increased supply. In the short term, the raw material pure benzene is weak and difficult to change, and it is expected that the styrene market will operate weakly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, from May 12th to 16th, the average price of BDO in China remained at 7950 yuan/ton, with a month on month increase of 0.25% and a year-on-year decrease of 11.81%. With the restart of some facilities and the increase in industry capacity utilization, supply side support has weakened, exacerbating the wait-and-see sentiment in the market. Downstream urgent orders are being followed up, and the transmission of industrial chain costs is not smooth, suppressing the trend of pressure. Supply and demand negotiation game, BDO market situation is operating in a wait-and-see manner.
On the supply side, although some facilities in Xinjiang have been shut down, the early maintenance equipment has restarted and increased production, resulting in an industry capacity utilization rate of over 50%. The positive support from the supply side has weakened, and the wait-and-see sentiment in the market has increased. But Xinhua’s equipment has a maintenance plan in mid to late May, and the supply side support may improve again. The supply side of BDO is affected by negative factors.
On the cost side, raw material calcium carbide: The domestic calcium carbide market is operating steadily, but production enterprises are experiencing production restrictions under the pressure of electricity costs, leading to unstable supply. The domestic methanol market has been fluctuating and consolidating. As of 10:00 am on May 16th, the domestic methanol Taicang price was 2426 yuan/ton. The price adjustment and operation of raw materials such as calcium carbide and methanol have a mixed impact on the cost of BDO.
On the demand side, the operating load of downstream PTMEG and PU slurries has increased, but the capacity utilization rate of PBT and TPU industries has decreased, resulting in an overall increase in raw material consumption, but not as much as the supply side increment, leading to an increase in supply and demand pressure. Under the negative impact of insufficient follow-up on terminal demand in multiple downstream industries such as PTMEG, PBT, GBL-NMP, PBAT, market prices have fluctuated at low levels, and industry profit margins have been compressed. Therefore, there is a strong bargaining sentiment towards raw materials. The demand side of BDO is affected by bearish factors.
Market forecast: With an increase in maintenance equipment, there will be more favorable support from the supply side, and the supply side will maintain a stable market mentality. Downstream maintenance requires follow-up, and under cost pressure, raw material prices are severely suppressed. Business analyst BDO predicts that the domestic BDO market has limited volatility.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 9th, the reference average price of domestic urea market was 1921 yuan/ton, which is 2.49% higher than the reference average price of 1875 yuan/ton on May 5th.
2、 Market analysis
market conditions
This week, the domestic urea market has shown a strong upward trend. As of May 9th, the urea market prices in Shandong are around 1840-1940 yuan/ton, Hebei is around 1870-1970 yuan/ton, Henan is around 1850-1910 yuan/ton, Hubei is around 1850-1930 yuan/ton, and Liaoning is around 1860-1910 yuan/ton.
Supply and demand situation
In terms of supply, the urea market has sufficient supply this week, and inventory pressure is still present, with stable shipments from enterprises. In terms of demand, the market transaction atmosphere is good this week, and downstream demand is still following up. But after continuous increases, the downstream cautious mentality has increased.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market trend has been improving recently. At present, the urea market is experiencing smooth shipments and good market trading, awaiting the release of export news. It is expected that the domestic urea market prices will remain strong in the short term.

In early April, the supply of epichlorohydrin in the market was tight, and prices showed an upward trend. In mid April, the epoxy chloropropane plant resumed operation, with increased market supply and good downstream procurement demand. Under the favorable supply and demand situation, the price of epoxy chloropropane was raised. According to the monitoring and analysis system of Shengyi Society, as of April 30th, the benchmark price of Shengyi Society’s epichlorohydrin was 9000 yuan/ton, an increase of 1.12% compared to early April. At the end of April, the market price of epichlorohydrin showed a downward trend, downstream demand was weak, and enterprises mainly purchased on demand. The epichlorohydrin market remained stable. It is expected that the epoxy chloropropane market will maintain stable operation in the near future.

Price influencing factors:
Raw material side: In mid April, the market price of glycerol raw material increased, the low-priced supply decreased, and the supply was tight, which provided strong support for glycerol based epichlorohydrin enterprises and led to an increase in prices. In early April, some of the propylene raw material enterprises underwent equipment maintenance, resulting in tight market supply and price increases. In late April, the demand for raw material propylene decreased in actual orders, the trading focus weakened, and market prices showed signs of fluctuating decline. Overall, the raw material support for epichlorohydrin has shifted from strong to weak, and it is expected that the epichlorohydrin market will remain stable and consolidate in the near future. According to the market analysis system of Shengyi Society, as of April 30th, the benchmark price of propylene in Shengyi Society was 6610.75 yuan/ton, a decrease of -200% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: Last week, overall, the operating rate remained at around 50-60%, and the supply side was slightly loose.
Downstream demand side: In early April, the downstream epoxy resin market supply remained normal, with a capacity utilization rate of over 50%. The overall trading atmosphere has improved, the purchasing atmosphere is positive, and the market is dominated by behavior. In late April, the supply of epoxy resin market was sufficient, and the downward trend of dual raw materials provided weak support for its cost. In addition, the pre holiday stocking ended, overall inquiries decreased, and the trading atmosphere was cold, resulting in a downward trend in the market. Overall, the downstream demand side’s support for epichlorohydrin has shifted from strong to weak, and it is expected that the epichlorohydrin market will remain stable and stable in the near future. More attention should be paid to the market supply and demand relationship.
Market forecast: Business Society’s epoxy chloropropane analyst believes that the pre holiday stocking has ended, the market supply and demand support is insufficient, downstream demand is weak, and on-demand procurement is required. It is expected that the epoxy chloropropane market will maintain stable operation in the near future, and more attention still needs to be paid to market supply and demand changes and raw material market dynamics.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the month was 11766 yuan/ton, and at the end of the month it was 12033/ton, with a price increase of 2.27%.

Domestic activated carbon manufacturers have seen some price increases this month, but most have remained stable. Henan Province, as the main production area, has relatively small price fluctuations. The ex factory price of activated carbon for coconut shell water purification is between 9500-13500 yuan/ton. Downstream sewage treatment plants, water plants, steel mills, and other chemical enterprises have increased their demand for carbon, and the demand fundamentals have slightly improved, which has slightly boosted the mentality of industry players.
In terms of imports: The price of imported coconut shell carbonization materials has increased, with the Philippines and Indonesia quoting a factory price of 6600-7000 yuan/ton for bulk materials including taxes, and a factory price of 7200-7300 yuan/ton for specification materials including taxes, which is slightly higher in some areas. The transaction volume of shell charcoal in gold extraction, water purification, filter and other applications is light, with more inquiries from African gold charcoal; The shipment of fruit shell charcoal is smooth.
Prediction: The transaction volume in the activated carbon market is accelerating, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash remained stable this week. As of April 25th, the average market price of soda ash was 1400 yuan/ton, which was the same as the 1400 yuan/ton soda ash price on April 18th and a decrease of 2.37% from the beginning of the month.
2、 Market analysis
This week, the soda ash market has remained stable with small fluctuations, and prices in some regions have slightly decreased during the week. The operating rate of supply side equipment remains high, the market supply is sufficient, and enterprises maintain active shipment. Downstream consumption of inventory is the main factor, and the market buying sentiment is average. The demand for soda ash is limited, and on-site trading is weak. The overall transaction price of soda ash fluctuates slightly.
As of April 25th, the reference price for the soda ash market in East China is around 1280-1500 yuan/ton for light soda ash, which remains unchanged from last Friday; The reference price for the soda ash market in Central China is around 1240-1400 yuan/ton for light soda ash, a decrease of 20 yuan/ton compared to last Friday.
According to the commodity analysis system of Shengyi Society, the downstream glass market is running steadily. From April 18th to 25th, glass prices remained at 15.58 yuan/square meter. The capacity utilization rate of the glass market has slightly decreased, downstream demand is poor, market consumption is slow, glass inventory has accumulated narrowly, and market prices are stable and waiting to be seen.
In the future forecast, there will be maintenance plans for some domestic soda ash facilities, resulting in a decrease in capacity utilization and an improvement in market sentiment. However, in terms of demand, downstream entry enthusiasm is not high, and the situation of oversupply in the market still exists. It is expected that the soda ash market will operate steadily in the short term, and specific attention will be paid to downstream demand follow-up.

According to the Commodity Market Analysis System of Shengyi Society, as of April 25th, the average price of acetic acid was 2750 yuan/ton, a decrease of 2.83% compared to the price of 2830 yuan/ton on April 19th, and a decrease of 2.14% compared to the beginning of the month.
This week, the acetic acid market has been weak and declining, with enterprise quotations continuously falling. On the supply side, as the acetic acid plant of a large factory in Shandong is increasing its load, the market capacity utilization rate has increased, the pressure on on-site supply of goods has increased, and enterprises are actively shipping. Downstream market sentiment is not high, and a small amount of purchases are being made on demand, resulting in limited business transactions. Under the supply-demand game, the price of acetic acid continues to decline.
As of April 25th, the market prices of acetic acid in various regions are as follows:
Region /April 18th /April 25th /Rise and fall
South China region /2700 yuan/ton /2675 yuan/ton / -25
North China region /2765 yuan/ton /2675 yuan/ton / -90
Shandong region /2780 yuan/ton /2700 yuan/ton / -80
Jiangsu region /2580 yuan/ton /2540 yuan/ton / -40
Zhejiang region /2825 yuan/ton /2750 yuan/ton / -75
The upstream methanol market fluctuates within a certain range. From April 19th to 25th, the average domestic market price increased from 2413.75 yuan/ton to 2417.50 yuan/ton, with an overall increase of 0.16%. The recent demand for pre holiday stocking of methanol downstream in mainland China has provided some support for the market atmosphere, with smooth shipments from enterprises. However, there is still a wait-and-see attitude towards high prices, and the overall price changes in the market are limited.
The downstream acetic anhydride market continues to decline, with an average ex factory price of 4737.50 yuan/ton on April 25th, a decrease of 1.04% compared to the price of 4787.50 yuan/ton on April 19th. The upstream acetic acid market is weak and declining, with a negative impact on the cost of acetic anhydride. Acetic anhydride companies have a bearish attitude, with prices continuously decreasing. Downstream demand is limited, and market transactions are insufficient. Acetic anhydride prices have been weak during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that the current utilization rate of acetic acid production capacity is high, the market supply is sufficient, downstream buyers enter the market on demand, the trading atmosphere in the market is weak, and enterprise shipments are limited. Under the supply-demand game, it is expected that the acetic acid market will operate weakly in the short term. Specific attention should be paid to changes in the equipment and downstream follow-up situations.

According to the Commodity Market Analysis System of Shengyi Society, from April 14th to 18th, the domestic aggregated MDI market accelerated its decline, with an average price of 15116 yuan/ton at the beginning of the week and 14300 yuan/ton over the weekend, a decrease of 5.4% during the period and a year-on-year decrease of 15.64%. There is a strong pessimistic atmosphere in the domestic MDI aggregation market during the week, and there is a strong willingness to ship at low prices. The on-site supply is sufficient, but the demand is light, resulting in a wide decline in the aggregated MDI market.

On the supply side, the 1.2 million tons/year MDI plant of Wanhua Ningbo in China began rotating between two sets of plants on March 20th, while other plants were running smoothly. BASF and Huntsman have maintenance plans in May. There is a maintenance plan for the 400000 tons/year MDI plant in Tosa, Japan in May.
On the cost side, raw material pure benzene: After the continuous decline in the pure benzene market, there has been a slight rebound in prices recently, but due to the uncertainty of tariff policies, the future market is not optimistic. Raw material aniline: Aniline continues to fall sharply, with mainstream prices ranging from 7500-7600 yuan/ton. The overall shipment of aniline factory is not smooth, with accumulated inventory and insufficient confidence in the field.
On the demand side, downstream demand follow-up is poor, the enthusiasm for entering the market is not high, and the market is in a stage of oversupply.
Future forecast: The current aggregated MDI market is greatly affected by policies, and the mentality of industry players is relatively pessimistic. At the same time, under the further pressure of weak supply and demand, the price of aggregated MDI has fallen to a low level. It is expected that the market will maintain a weak trend in the short term and the decline will decrease.

The domestic fluorite price trend has slightly declined this week. As of the weekend, the average domestic fluorite price was 3743.75 yuan/ton, a decrease of 0.83% from the beginning of the week price of 3775 yuan/ton and a year-on-year increase of 5.46%.
Supply side: Some manufacturers have started production, and the supply of fluorite has increased
The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. 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. The supply of fluorite sources is still tight. However, as the temperature rises, the previously suspended enterprises gradually start working, and the supply of fluorite enterprises on site has increased. This week, the fluorite market has slightly declined.
Demand side: The price of hydrofluoric acid is temporarily stable, and the refrigerant market is still acceptable
This week, the domestic price of hydrofluoric acid has remained stable, and the mainstream price for hydrofluoric acid negotiations in various regions of China is 11700-12200 yuan/ton. The 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 actively purchasing raw material fluorite, and the fluorite price market has slightly declined due to this news.
The downstream refrigerant market in the terminal is still promising, and the terminal policies of the refrigerant industry are being strengthened. Demand is expected to achieve substantial improvement, and 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’s inventory is transmitting in a positive and orderly manner, and upstream products are mainly purchased on demand. The trend of refrigerant market is temporarily stable, while there is little change in the fluorite market.
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, the supply of domestic fluorite mines is difficult to improve, and some mines have stopped production and undergone safety inspections. The tight supply of fluorite mines is a major positive support for the fluorite market. However, downstream resistance to high prices is serious, and hydrofluoric acid enterprises mainly purchase on demand without actual demand increase. Overall, the fluorite market price is mainly fluctuating in the short term.