1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable for the time being this week. The average market price from the beginning of the week to the end of the week was 23100 yuan/ton, an increase of 11.06% compared to the same period last year. On May 15th, the Business Society Bromine Index was 81.05, unchanged from yesterday, a decrease of 66.94% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 37.56% 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 remained stable, with reference to 23000-25000 yuan/ton for spot bromine production in Shandong region. Domestic bromine enterprises are operating steadily. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, the domestic sulfur prices have been fluctuating, with an average market price of 2451 yuan/ton at the beginning of the week and 2484.33 yuan/ton at the end of the week. The price has increased by 1.36%, which is 120.5% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices have recently increased. Bromine prices will remain stable this week, and downstream purchases will be made as needed. Bromine enterprises are operating steadily. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, from May 1st to 9th after the holiday, the domestic ethanol price rose from 5233 yuan/ton to 5293 yuan/ton, with a price increase of 1.16%, a month on month increase of 1.10%, and a year-on-year decrease of 11.77%. In some regions, the equipment of enterprises continues to undergo rotation inspections, the supply of ethanol is limited, the price of raw material corn is strong, the cost pressure is high, and the willingness of enterprises to raise prices is obvious.

In terms of cost, corn prices are relatively firm, and the purchase prices for deep processing have also increased. The prices in production areas have continued to rise recently, and the shipping mentality of traders is slightly different. Overall, there is not much corn surplus in the production area, and the quotation is firm. The cost of ethanol is influenced by favorable factors.
There are unlikely to be significant favorable factors in the supply of ethanol.
On the demand side, from the demand side, the demand for Baijiu fluctuates little, and the downstream stock of chemical industry needs to be replenished. The short-term demand for ethanol has a moderate impact.
In the future market forecast, the high level of raw materials will have an impact, and there is a possibility for companies to raise prices, but the demand is average. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.

1、 Price trend

Taking the sulfuric acid method gold red stone titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Shengyi Society, the domestic titanium dioxide market first rose and then fell in April, and overall prices rose. On April 1st, the average price of titanium dioxide was 15340 yuan/ton, and on April 30th, the average price of titanium dioxide was 15480 yuan/ton, with a price increase of 0.91%.
2、 Market analysis
In April, the domestic titanium dioxide market first rose and then fell, with overall prices rising. In the first half of the year, the market continued the price trend of March, with stable prices and a slight increase. In the middle of the month, the raw material market is consolidating at a high level, putting pressure on factories. However, downstream demand is average, and inventory pressure on enterprises is high. Market prices are relatively chaotic, with prices fluctuating. Some manufacturers offer flexible quotations in the latter half of the year; Among them, Longqi has maintained stable prices this month and there are currently no new policies. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14800-16200 yuan/ton; Sharp titanium type costs around 13000-13400 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of raw material titanium concentrate decreased in April. At present, downstream titanium dioxide enterprises are under significant cost pressure, lack confidence in the market, and have weakened their procurement of titanium ore, with a focus on essential purchases. Due to the impact of raw material costs and other factors, the production pressure of the beneficiation plant is relatively high, and some beneficiation plants have stopped production for maintenance, resulting in a decrease in market operating rates. As of now, the price of 38-42 grade titanium ore excluding tax is around 1450-1480 yuan/ton, the price of 46 grade 10 titanium concentrate excluding tax is around 1900-2030 yuan/ton, and the price of 47 grade 20 titanium concentrate excluding tax is around 2200-2280 yuan/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will mainly operate weakly.
3、 Future forecast
The titanium dioxide analyst from Shengyi Society believes that the domestic titanium dioxide market will first rise and then fall this month. Downstream factories have a strong mentality of price suppression, with light market trading and average new order transactions. Enterprise inventory is under pressure, competition is intense, market prices are chaotic, and market transactions are flexible. It is expected that the price of titanium dioxide will be weak in the short term, and the actual transaction price will be negotiated one by one.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the aniline market accelerated its decline in April and remained stable at a low level at the end of the month. On April 1st, the market price of aniline was 8025 yuan/ton, and on April 28th it was 7532 yuan/ton, a decrease of 6.14% during the month and a decrease of 38.72% compared to the same period last year.
2、 Analysis and Review
Aniline maintained a downward trend in April. At the beginning of the month, the raw material pure benzene stopped falling and rebounded, with increased support for aniline. However, the demand was average and supported by cost, while aniline remained stable. Subsequently, due to the impact of tariff policies, the pure benzene market saw a significant decline, coupled with the restart of major aniline maintenance facilities, leading to an expected increase in supply. Downstream market entry is cautious, procurement is relatively light, and under the influence of multiple negative factors, aniline has been lowered by 400 yuan/ton, and the mainstream price has fallen to 7500-7600 yuan/ton. Before the May Day holiday, with downstream stocking demand, the shipment of aniline accelerated and prices stabilized.
Pure benzene: In April, the pure benzene market fluctuated and fell due to multiple factors such as international oil prices, external markets, styrene, and tariff policies. The average price of pure benzene on April 1st was 6659 yuan/ton, and the average price at the end of the month was 5935 yuan/ton, with a monthly decline of up to 10.96%.
3、 Future expectations
At present, the price of aniline is low, and factories have a strong willingness to raise prices. However, there is still a possibility of a downward trend in the future raw material pure benzene, and it is expected that the aniline market will operate weakly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market first fell and then rose in April 2025. From April 1st to 28th, the domestic butadiene market price fell from 11000 yuan/ton to 9300 yuan/ton, with a price drop of 15.45% during the cycle.

In the first half of the month, the domestic butadiene market showed an upward trend followed by a downward trend throughout the week. As the holiday approaches, some downstream stocks will replenish their positions after falling. At the beginning of the week, market transactions were relatively concentrated. With some auction sources selling at a premium, the market trend has significantly shifted upwards. Although the supply side prices remained firm, there was a slight stalemate in the high end of the week’s trading volume. At the same time, the news of the US tariffs affected the futures market, causing downstream buyers to be cautious. After a short-term fluctuation, the market saw a significant decline in prices.
Mid month: The domestic butadiene market has experienced a significant decline in this cycle. Under the influence of international news such as equivalent tariffs, the crude oil and synthetic rubber futures markets have fallen widely, and the cost and demand sides have had a significant impact on the butadiene market, dragging down the mentality of the spot market. On the supply side, the port arrival situation this week is good, and the overall supply of butadiene is relatively loose. Under the comprehensive influence of the above news, the butadiene market fell sharply this week. Due to a slight improvement in fundamentals over the weekend, the butadiene market has slightly rebounded.
At the end of the month, the domestic butadiene market slightly rebounded. With the previous market price continuously declining, the market price continued to operate at a low level. Some downstream enterprises purchased at low prices, and the market trading atmosphere slightly improved. The market stopped falling and rebounded.
Cost wise: The international crude oil market experienced a broad decline in the first half of April, with fluctuations in the mid to late period. At the beginning of April, the international oil price market experienced a significant decline. On the one hand, the US tariff trade war and tariff trade barriers had a huge impact on the global economy, increasing uncertainty in the future. The market believes that the risk of the United States falling into an economic recession has increased, and this will have a huge negative impact on global economic growth. On the other hand, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced future production increases, which also had a negative impact on crude oil and led to a significant decrease in international oil prices. As the international situation gradually stabilized, crude oil entered a range of volatile trends. As of April 25th, international crude oil futures have risen. The settlement price of the main contract for WTI crude oil futures in the United States was $63.02 per barrel, an increase of $0.23 or 0.4%. The settlement price of the main Brent crude oil futures contract was $66.87 per barrel, an increase of $0.32 or 0.5%.
Supply side: The listed prices of butadiene for various sales companies of Sinopec have overall declined this month, with a target price of 9100 yuan/ton as of the 28th. Recently, the comprehensive operating rate of the domestic butadiene industry has not changed much, and the overall supply is relatively stable.
On the demand side, the butadiene rubber market in April first fell and then rose, with an overall decline. According to the commodity market analysis system of Shengyi Society, as of April 28th, the futures prices of butadiene rubber in the East China region had a narrow range of consolidation, market transactions were flat, and merchant offers had a narrow range of consolidation. At present, the mainstream prices in Daqing, Yangtze, and Qilu Shunding are 11900~12200 yuan/ton; Some private brands are priced around 11700~11900 yuan/ton.
Market forecast: As the holiday approaches, there will be a demand for replenishing essential inventory downstream, which will drive up prices in the spot market. Recently, some new equipment production capacity has been released on the supply side, and port inventory is slightly higher. The overall supply of butadiene in the market is relatively loose. The recent increase in downstream production of butadiene rubber on the demand side has provided some support for the demand for butadiene. Overall, under the support of demand, the butadiene market has been operating steadily with a moderate to strong trend recently.

According to the Commodity Market Analysis System of Shengyi Society, as of the 25th, the price of ethyl acetate was 5533.33 yuan/ton, a decrease of 0.48% compared to the price of 5560.00 yuan/ton on April 18th, and a decrease of 0.78% compared to the beginning of the month. The supply side equipment is running steadily, the raw material market is weak, downstream demand is following up, and there is insufficient positive news in the market. The ethyl acetate market is consolidating and declining.

This week, there has been little change in the operation of domestic ethyl acetate plants, and the market supply of goods is relatively sufficient. The price of acetic acid on the raw material side is weak and downward, and the cost support is weak. Downstream consumption in demand is slow, and market purchases are mainly based on demand. The market trading atmosphere is weak, and actual transactions on the market are limited. The focus of ethyl acetate negotiations has fallen.
In the future, the operation of the ethyl acetate plant will remain stable, with no plans for future changes. Enterprises will mainly focus on shipments, while the upstream market will be weak. Downstream market entry will be based on demand, and there will be a lack of favorable market conditions. It is expected that the price of ethyl acetate will operate on a wait-and-see basis in the short term, and specific attention will be paid to changes in the supplier’s plant and downstream follow-up.

According to the Commodity Market Analysis System of Shengyi Society, the price of TDI in the domestic market has recently stopped falling and risen. Currently, the price of domestically produced TDI products is around 10300-10600 yuan/ton, while the price of Shanghai products is around 10700-10900 yuan/ton. Due to the price falling to a low level, the supply side pushed up prices, and traders followed the market trend. The downstream buying and selling atmosphere was average, with a focus on basic needs. Affected by tariff policies, overseas orders are poor, and it is expected that the TDI market will fluctuate within a certain range in the short term.

According to the Commodity Market Analysis System of Shengyi Society, from April 14th to April 21st, the domestic butadiene market price decreased from 8966.67 yuan/ton to 8100 yuan/ton, with a price reduction of 9.67% during the period. This cycle, the domestic butadiene market continues to decline significantly, with news coverage remaining bearish. The downstream synthetic rubber futures market has experienced a wide decline, and the cost and demand aspects have had a significant impact on the butadiene market, dragging down the mentality of the spot market. On the supply side, the port arrival situation this week is good. The overall supply of butadiene is relatively loose, and the demand side has been relatively rigid recently. The market trading is weak. As of April 21, the delivery price in the Shandong Luzhong area is 8700 yuan/ton, and the reference price for self pickup from the East China tank is 8500 yuan/ton.

On the cost side: International oil prices have fluctuated upwards this cycle, with the settlement price of the main contract for US WTI crude oil futures as of April 18th at $63.98 per barrel. The settlement price of the main Brent crude oil futures contract is $67.26 per barrel.
Supply side: The listed price of butadiene for various sales companies of Sinopec is 9000 yuan/ton, and it will be lowered by 1000 yuan/ton this week.
Demand side: According to the Commodity Market Analysis System of Shengyi Society, as of April 21st, the market situation of Shunding rubber in East China has been weakly consolidated. The futures price of Shunding rubber has been adjusted narrowly, with weak market transactions and narrow adjustments in merchant offers. At present, the mainstream prices in Daqing, Yangtze, and Qilu Shunding are 11700-12000 yuan/ton; Some private brands are priced around 11550-11800 yuan/ton. The price of raw material butadiene has significantly decreased, and the cost support for butadiene rubber has weakened significantly; The production of butadiene rubber has slightly decreased, and there is not much pressure on the supply side; Downstream production slightly decreased, and inquiries for Shunding rubber were light due to the impact of international trade trends. The merchant’s offer has significantly decreased.
Market forecast: The recent arrival of supply in Hong Kong is expected to be good, and some new domestic production capacity is expected to be put into operation, resulting in an overall bearish supply situation. The downstream synthetic rubber futures market on the demand side is declining, and the overall operating rate is also decreasing. The overall demand still maintains on-demand procurement. Overall, the supply and demand performance of the butadiene market is bearish, and it is expected to remain weak in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of aniline has fallen sharply this week. On April 14th, the market price of aniline was 7925 yuan/ton, and on April 18th it was 7532 yuan/ton, a decrease of 4.95% during the period and a decrease of 36.81% compared to the same period last year.
2、 Analysis and Review
This week, the aniline market in Shandong has shown a significant decline, while other regions have temporarily stabilized. During the week, major factories in Shandong province lowered their prices by 400 yuan/ton, and the mainstream price of aniline dropped to 7500-7600 yuan/ton. Mainstream factories in these areas restarted their maintenance facilities, leading to an expected increase in supply. Downstream market entry was cautious, while upstream sales were sluggish, resulting in a sluggish market atmosphere. As a result, the price of aniline was significantly lowered to a low level.
Cost wise: The pure benzene market has been further affected by tariff policies recently, resulting in a further decline in prices. There has been a slight rebound this week, but the policy situation is currently unclear, and price support is insufficient, with limited momentum for further upward movement in the future.
3、 Future expectations
The current price of pure benzene raw material is weak, and the purchasing and sales atmosphere of the aniline market is not good. It is expected that the aniline market will operate weakly in the short term.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 11th, the reference average price of 85% industrial grade phosphoric acid in China was 6860 yuan/ton, which is 0.29% higher than the reference average price of 6840 yuan/ton on April 7th.

2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have risen this week. As of April 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6500-7000 yuan/ton, and the ex factory price of 85% thermal phosphoric acid in Sichuan region is around 6900-7100 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6650-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. After the rise in the yellow phosphorus market this week, it has been running steadily, and enterprises are still mainly issuing early orders. At present, the supply in the spot market is tight, and downstream demand for replenishment is urgent. Expected short-term consolidation and operation of domestic yellow phosphorus prices.
Supply and demand side
The supply and demand balance in the phosphoric acid market this week. At present, the supply of phosphoric acid in the market is stable, with stable shipments on the demand side and downstream procurement based on demand. Expected to maintain a balance between supply and demand in the short term.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the recent rise in the phosphate market has led to consolidation and operation. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. Phosphoric acid companies have followed the increase in raw material prices, and market transactions are still acceptable. It is expected that the domestic phosphoric acid market will strengthen and consolidate in the short term.