According to the Commodity Market Analysis System of Shengyi Society, from August 4th to 8th, the average price of BDO in China fell from 8400 yuan/ton to 8371 yuan/ton, with a price drop of 0.34% during the period, a month on month drop of 4.17%, and a year-on-year drop of 4.87%. The supply has decreased, while the main downstream industries have slightly increased production, resulting in an increase in raw material digestion, but the supply is still significantly higher than demand. Holders lack confidence in the future market and engage in negotiations to offer discounts on actual orders, resulting in a volatile downward trend in the domestic BDO market.

On the supply side, the Shaanxi unit has been shut down for maintenance, Xinjiang has experienced short-term shutdowns due to boiler issues, and other units are operating stably. The industry supply has once again decreased, and the supply side support has slightly increased. The supply side of BDO is affected by negative factors.
On the cost side, raw material calcium carbide: Domestic calcium carbide prices have bottomed out and rebounded, with the main reason for the price increase being changes in the market supply and demand environment. With the sustained low prices in the early stage, the losses of production enterprises have deepened, and the recent rise in raw material costs such as orchid charcoal and electricity in Ningxia has led to an increase in shutdown facilities, and some enterprises have reduced their operating loads. Raw material methanol: The domestic methanol market is weak and consolidating. As of 3:00 pm on August 8th, the reference price for domestic methanol in Taicang is 2380 yuan/ton. The weak consolidation of raw materials such as calcium carbide and methanol, as well as the negative impact of BDO cost factors.
On the demand side, downstream PTMEG, PU slurry and other industries have seen an increase in production, while PBT and PBAT have seen a decline in production. There has been no significant change in the load of other industries, and the overall demand for raw materials has increased, but the supply is significantly higher than the demand, resulting in continued supply and demand pressure. At the same time, multiple downstream industries are experiencing a decline in market conditions, resulting in a weak ability to accept high prices for raw materials and severe pressure on prices when entering the market. The demand side of BDO is affected by bearish factors.
In the future forecast, the supply of BDO market will increase, while the demand will slightly decrease, and the imbalance between supply and demand in the industry will continue. Moreover, many downstream industries are experiencing weak fluctuations, with cost pressures and severe bargaining over raw materials. The BDO analyst from Shengyi Society predicts that the domestic BDO market will mainly be dominated by weak consolidation.

According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid has increased this week. As of the 31st, the average market price of acetic acid was 2400 yuan/ton, an increase of 50 yuan/ton from the price of 2350 yuan/ton on July 28th, an increase of 2.13%. The domestic acetic acid market is operating differently, with prices rising in Shandong and market performance declining in South China. The production rate of acetic acid on the supply side is relatively high, and the market supply is sufficient. In terms of demand, downstream purchases are made according to demand, and shipments vary from region to region on site. Acetic acid companies adjust their quotations based on their own inventory situation, and the overall market consumption is limited. The acetic acid market is being observed and organized.

The upstream methanol market first rose and then fell. As of the 31st, the average price in the domestic market was 2393.33 yuan/ton, with little fluctuation compared to the price of 2392.50 yuan/ton on July 28th. At the end of the month, boosted by macroeconomic policies, the prices of methanol in ports and spot markets were relatively strong. However, due to weak downstream demand, the trading atmosphere in the market was poor, and on-site shipments were restricted, resulting in a further decline in the methanol market.
The downstream acetic anhydride market remains stable and watchful, with an average ex factory price of 4092.50 yuan/ton from July 28th to 31st. The upstream acetic acid market is relatively strong and stable, but the market purchasing atmosphere is average, with limited support for acetic anhydride. Downstream market entry is mainly based on demand, and market trading is steadily following. Acetic anhydride prices have remained stable throughout the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate is high, the market inventory performance is sufficient, the enterprise’s shipping intention is obvious, downstream transactions are limited, and the enthusiasm for acetic acid procurement is not high. The supply situation on the market is greater than demand, and it is expected that the acetic acid market will consolidate weakly in the short term. We will pay attention to downstream follow-up in the future.

According to the Commodity Market Analysis System of Shengyi Society, as of July 30th, the average production price of ethyl acetate was 5433.33 yuan/ton, a decrease of 16.67 yuan/ton compared to the beginning of the month price of 5450.00 yuan/ton, with an overall decline of 0.31%. The main reason is the weak market situation on the raw material side, with a negative cost outlook. At the same time, downstream demand is limited, and enterprise shipments are weak. The market mentality is not good, and the price of ethyl acetate is running weakly.

Market analysis: This month, the ethyl acetate market has been weak and volatile. At the beginning of the month, the downstream market showed good enthusiasm for entering the market, with smooth shipments of ethyl acetate and a strong upward trend in prices. However, with the continuous decline of raw material prices and the negative impact of cost factors, the market mentality of ethyl acetate was weak, leading to a decline in ethyl acetate prices. At the same time, downstream demand followed suit, with limited market transactions and weak upward momentum in ethyl acetate prices. At the end of the month, the upstream market was strong, and market sentiment rose slightly, resulting in a slight increase in ethyl acetate prices.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of July 30th, the price was 2400.00 yuan/ton, a decrease of 3.61% compared to the acetic acid price of 2490.00 yuan/ton at the beginning of the month. The weak trend of acetic acid prices continues, and the cost support for ethyl acetate is weak. Downstream consumption is slow, and acetic acid companies have average shipments. The market supply is strong and demand is weak, and the focus of acetic acid transactions continues to decline.
Looking at the future, the ethyl acetate market is currently experiencing a slight upward trend, with low operating rates on the supply side and stable downstream follow-up. The on-site mentality is mainly wait-and-see, and prices in the raw material region are fluctuating, with limited cost support. It is expected that the price of ethyl acetate will stabilize in the future, and specific attention will be paid to changes in supplier equipment and downstream follow-up.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the overall price of bromine has increased this month. The average market price at the beginning of the month was 25100 yuan/ton, and the average market price over the weekend was 27600 yuan/ton, with a price increase of 9.96% and a year-on-year increase of 37.31%. On July 29th, the Business Society Bromine Index was 96.49, up 1.05 points from yesterday, down 60.65% from the highest point of 245.18 points during the cycle (2021-10-27), and up 63.76% 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
This month, the overall price of bromine has been on the rise. Currently, the reference price for bromine spot production in Shandong is 27000-28500 yuan/ton. This month, due to environmental inspections and the impact of rainy season precipitation, the pressure on bromine inventory in enterprises is not significant, and prices are firm. Downstream demand is average, and overall market transactions are relatively light. In terms of raw materials, domestic sulfur prices remain firm, with an average market price of 2334.33 yuan/ton at the beginning of the month and 2461 yuan/ton at the end of the month, representing a 5.43% increase in price and a 93.02% increase compared to the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to rise in the near future, while upstream sulfur prices are expected to remain stable. Bromine supply pressure is not significant, and downstream purchases are expected to be made on demand. Bromine prices remain relatively stable. It is expected that bromine will continue to maintain a strong market trend in the later stage, depending on downstream market demand.

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been continuously declining recently. As of July 29th, the average market price of n-butane oxidation maleic anhydride remained at 5875 yuan/ton, a decrease of 3.29% from 6075.00 yuan/ton on July 21st.

Supply side: Recently, the market for maleic anhydride has been consolidating at a low level, with poor bidding transactions in Yantai and a slight decline in factory execution prices. Downstream procurement is cautious, and new order signings are limited. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of July 29th, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5500 yuan/ton, while the factory price of liquid anhydride is around 4950 yuan/ton.
Upstream: Recently, the n-butane market has risen, and as of July 29th, the price in Shandong is around 4800 yuan/ton.
Downstream: Recently, the unsaturated resin market has remained stable with a moderate downward trend. The decline in upstream maleic anhydride and styrene prices has limited cost support for unsaturated resins. Currently, unsaturated resins are in the off-season of consumption, and downstream transactions are average, which has limited support for unsaturated resins and weak market conditions.
The analyst of Shengyi Society’s maleic anhydride products believes that the current downstream unsaturated resin market for maleic anhydride is weak, and the procurement of maleic anhydride is limited; The market for maleic anhydride continues to decline, with some factories announcing closures or suspensions of shipments. It is expected that the maleic anhydride market will mainly consolidate in the near future.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 28th, the average quotation price of domestic high-quality DMF enterprises was 4120 yuan/ton, a decrease of 2.37% compared to the same period last week. Currently, DMF manufacturers have lowered their prices, and the DMF market is running narrowly and weakly. The focus of negotiations is stable, and the purchasing atmosphere is average.
2、 Cause analysis
Market wise: DMF spot delivery price reference in South China: 4200-4300 yuan/ton in Guangzhou market. Currently, the focus of DMF market negotiations is declining. The mainstream delivery price reference for DMF loose water in East China region: 4000-4150 yuan/ton in Jiangsu and 4050-4200 yuan/ton in Zhejiang.
Upstream: The methanol market is operating strongly, with recent centralized maintenance of methanol facilities in Northwest and North China. Methanol companies have no inventory pressure, and currently there is not much supply in the mainland market. The methanol market is expected to maintain strong operation in the short term, with low inventory levels and a continuation of the traditional off-season demand. Overall supply and demand are flat.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market will maintain its current trend in the short term, and prices will remain stable in the short term.

1、 Price trend

According to data monitored by Shengyi Society, as of July 25th, the average price of domestic industrial grade high-quality cyclohexane was 7266 yuan/ton. This week, the price of cyclohexane has risen narrowly, up 0.46% compared to the same period last week. Currently, cyclohexane holders have firm quotes, and the atmosphere of on-site negotiations is still acceptable. The trading market follows the market trend, with downstream markets mainly purchasing according to demand.
2、 Market analysis
In terms of market: Currently, the focus of negotiations in the domestic cyclohexane market is stable, and the operation of the equipment is normal with sufficient spot supply. Downstream essential procurement is the main focus, and the positive support from the supply side is not obvious. The mentality in the market is stable, and the operation is cautious with 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 upwards.
Upstream: This week, the price of pure benzene in Shandong was around 5800-5900 yuan/ton, with a stable to strong trend. The market negotiations are focused on a high level, and the market mentality is positive. The overall price has increased more than decreased. 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: The downstream cyclohexanone market is operating steadily, with normal production of equipment. Supply in Inner Mongolia has decreased, and there is limited room for growth. The domestic cyclohexanone price reference is around 7400 yuan/ton. The overall market purchasing enthusiasm is not good, and the sentiment is low. It is expected to maintain the current trend in the short term.
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.

This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of July 21st, the DOP price was 8059.16 yuan/ton, a fluctuating decrease of 1.43% compared to the DOP price of 8175.84 yuan/ton on July 11th. This week, DOP production has increased, and the operating rate of the plasticizer DOP industry has recovered to 50%. Plasticizer production has increased, and plasticizer prices have fluctuated and fallen. The price of raw material isooctanol fluctuated and consolidated, while the price of phthalic anhydride fell weakly. The cost support for plasticizers weakened, and the supply increased, resulting in a decrease in costs. The price of plasticizers fluctuated and fell.
This week, the price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of July 21, the price of isooctanol was 7650 yuan/ton, which first fell and then increased compared to the price of 7600 yuan/ton on July 11, with a growth rate of 0.66%. This week, the price of isooctanol fluctuated and consolidated. The equipment of isooctanol enterprises resumed this week, the operating rate of isooctanol equipment increased, the production of isooctanol increased, and the supply of isooctanol increased; As supply increases and demand rebounds, the price of isooctanol fluctuates and falls.
This week, the price of raw material phthalic anhydride fell weakly
According to the Commodity Market Analysis System of Shengyi Society, as of July 21, the price of phthalic anhydride in neighboring countries was 6733.33 yuan/ton, which fluctuated and fell by 0.98% compared to the price of phthalic anhydride at 6800 yuan/ton on July 11. This week, the price of ortho benzene fell, industrial naphthalene prices fluctuated and consolidated, and the cost support for phthalic anhydride weakened. This week, phthalic anhydride equipment maintenance resumed, and the operating rate of phthalic anhydride enterprises increased. The supply of phthalic anhydride increased, and the downstream plasticizer market fluctuated and fell. The equipment operating load of plasticizer enterprises increased, and the demand support for phthalic anhydride still exists. Supply has decreased and demand has recovered, resulting in a weak decline in phthalic anhydride prices this week.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, the price of phthalic anhydride has weakened and fallen, and the cost support of plasticizer DOP has weakened; In terms of supply, plasticizer enterprises have increased their production, resulting in an increase in plasticizer output and supply. Overall, as supply increases and costs decrease, it is expected that the price of plasticizer DOP will fluctuate and fall in the future.

According to the Commodity Market Analysis System of Shengyi Society, from July 14th to 18th, the domestic ethanol price rose to 5668 yuan/ton, with a price increase of 0.06% during the period, a month on month increase of 3.44%, and a year-on-year decrease of 5.83%. Corn prices have narrowly declined, and cost support has weakened. At present, the domestic ethanol market is showing a weak supply-demand situation, and the ethanol market is mainly focused on consolidation and observation.

In terms of cost, the overall corn price is still weak, the market atmosphere is weak, and spot prices continue to decline. The cost of ethanol is influenced by bearish factors.
On the supply side, there is little fluctuation in the production of edible ethanol. Heilongjiang Hongzhan Huanan has resumed production, Jixian has one production line, Laha has one production line, Zhongke Green has one production line, Jilin Dongfeng has shut down, Henan Houyuan has shut down, Hanyong has unstable equipment, and Sichuan Hongzhan has stopped feeding. The impact of ethanol supply is mixed.
On the demand side, from the perspective of demand, the consumption of downstream chemical orders in the early stage, and the shutdown of some downstream methyl ethyl carbonate factories in Shandong region are expected to last for about a month, resulting in a decrease in ethanol consumption. Short term ethanol demand is influenced by bearish factors.
The future forecast shows a slight fluctuation adjustment in supply, with no significant increase. The ethanol analyst from Shengyi Society predicts that there will be minimal fluctuations in the short-term ethanol market.

Due to the reduction or shutdown of some devices, there is some support on the supply side in Shandong, and the enterprise’s offer is stable with an upward trend. However, downstream demand is limited, and rigid procurement is the main focus. The supply-demand game suppresses the increase. According to the monitoring of the commodity market analysis system of Shengyi Society, as of July 14th, the average price of dichloromethane dispersed water in Shandong Province was 2237.5 yuan/ton, with a weekly increase of 0.9% and a year-on-year decrease of 10.32%.
analysis of influencing factors

Supply side: Device load reduction and inventory decrease, supporting prices
Device dynamics: The overall industry production has fallen to around 70%, and supply is becoming tight.
Inventory pressure: Enterprise inventory has generally decreased, and downstream suppliers have made slight restocking in anticipation of price increases.
Cost side: methanol drops, liquid chlorine rises, insufficient cost support
Methanol: Accumulated port inventory, weak demand, weak and volatile methanol market, bearish for dichloromethane cost support. As of July 14th, the benchmark price of methanol in Shengyi Society was 2378.33 yuan/ton, a decrease of 1.84% during the week.
Liquid chlorine: The demand in the Shandong market is slowly recovering, and the price of liquid chlorine has slightly increased.
On the demand side: seasonal suppression, with rigid procurement as the main focus
Dichloromethane is widely used 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 insufficient production and weak demand.
Refrigerants are still in the peak demand season, and the R32 domestic and foreign trade markets remain tight, with supply and demand dominating the market to maintain stability and explore growth. Under the high proportion of self-produced raw material dichloromethane enterprises and quota restrictions, the increase in external procurement is limited. The demand for dichloromethane is limited.
Future prospects
It is expected that the market supply will remain tight in the short term, and prices may continue to rise slightly. But there is no significant improvement in demand, and the increase is limited. We also need to pay attention to device dynamics, inventory changes, and downstream order follow-up.