1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda is 2144 yuan/ton. On July 29th, the baking soda commodity index was 142.43, a decrease of 0.14 points from yesterday, a decrease of 39.61% from the cycle high of 235.84 points (2021-11-10), and an increase of 61.36% from the lowest point of 88.27 points on December 22, 2020. (Note: Cycle refers to September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. Domestic baking soda prices are operating steadily, with a factory price of around 1600-1700 yuan/ton in Henan, 1750-1950 yuan/ton in Shandong, and 1700-1800 yuan/ton in Jiangsu. Downstream demand is average, and it is expected that baking soda will consolidate and operate in the market. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has been running weakly this week. The average market price is 1904 yuan/ton.

Business analysts believe that the price of baking soda has been weak recently, and the upstream raw material soda ash has been weak recently. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. It is expected that the price of baking soda will be weak in the later stage, depending on downstream market demand.

1、 Price trend

Taking the sulfuric acid method gold red stone type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the overall domestic titanium dioxide market remained stable in July, with an average price of 15783.33 yuan/ton yuan/ton.

2、 Market analysis

In July, the domestic titanium dioxide market remained stable overall, with little upward fluctuation in market prices. In the first half of the year, the price of raw material titanium concentrate continued to rise, while the price of sulfuric acid remained high and firm. Some companies’ maintenance plans were delayed until August, and the market price of titanium dioxide remained stable. In the middle of the month, due to production restrictions and shutdowns by some titanium dioxide companies, there was a slight increase in the prices of scarce brand sources within the field, and manufacturers’ quotations were mainly stable. In the latter half of the year, some maintenance companies resumed production one after another, and Longqi implemented preferential policies for distributors. Most manufacturers’ quotations were mainly stable. As of now, the domestic quotation for sulfuric acid method pyrite type titanium dioxide is mostly between 15300-16200 yuan/ton; The quotation for rutile titanium dioxide is mostly around 14500-15000 yuan/ton. The actual transaction price is negotiable.

According to customs data, China’s titanium dioxide exports in June 2024 were 176400 tons, an increase of 18.14% compared to the previous year and a year-on-year increase of 40.42%; Among them, the export of sulfuric acid titanium dioxide in June was 146900 tons, a month on month increase of 16.31%. The cumulative export of sulfuric acid titanium dioxide from January to June was 789800 tons; In June, the export of chlorinated titanium dioxide was 29500 tons, a month on month increase of 28.17%. The cumulative export of chlorinated titanium dioxide from January to June was 182800 tons.

In June 2024, the import volume of titanium dioxide in China was 7547.60 tons, a year-on-year increase of 6.54% and a month on month decrease of 16.90%; Among them, the import of sulfuric acid titanium dioxide in June was 2961.09 tons, a month on month increase of 34.93%. The cumulative import of sulfuric acid titanium dioxide from January to June was 14000 tons; In June, the import of chlorinated titanium dioxide was 4586.50 tons, a decrease of 33.41% compared to the previous month. The cumulative import of chlorinated titanium dioxide from January to June was 33700 tons.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region remained strong and upward in July. At present, the spot market is tight, and the price of titanium ore is running at a high level. Downstream titanium dioxide enterprises are generally in the market, and they are more cautious about titanium concentrate, with a focus on urgent needs and cautious procurement. As of now, the price of 38-42 grade titanium ore without tax is around 1600-1630 yuan/ton, the price of 46 grade 10 titanium concentrate without tax is around 2260-2300 yuan/ton, and the price of 47 grade 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate continues to operate at a high level, and the specific transaction price will be discussed on a case by case basis.

According to customs data, China exported 9133.48 tons of titanium ore in June 2024, a year-on-year increase of 184.55% and a month on month decrease of 31.44%; From January to June 2024, China’s cumulative export of titanium ore was about 44300 tons, an increase of 163.45% year-on-year, and the export volume increased by about 25500 tons.

In June 2024, China imported 301600 tons of titanium ore, a year-on-year decrease of 5.07% and a month on month decrease of 28.51%. The monthly average price was $284.51 per ton; From January to June 2024, China imported approximately 222.70 tons of titanium ore, a year-on-year increase of 2.14%, with an increase of approximately 46800 tons in import volume.

3、 Future forecast

The titanium dioxide analyst from Shengyi Society believes that the price of titanium concentrate has continued to rise this month, while the price of sulfuric acid remains high and strong, providing strong cost support. However, downstream market demand remains weak, and the pressure on titanium dioxide companies to ship remains high, with both supply and demand sides in a stalemate. It is expected that the titanium dioxide market will remain stagnant in the short term, depending on downstream market demand, and the actual transaction price will be negotiated on a case by case basis.

1、 Price trend

According to data monitored by Shengyi Society, as of July 26th, the average price of industrial grade high-quality cyclohexane in China was 7966.67 yuan/ton. This week, the price of cyclohexane remained weak and stable, while downstream demand was average, resulting in a narrow decline of 2.05% in price. Currently, the cyclohexane market inventory is running at a high level, with downstream purchases mainly focused on essential needs.

2、 Market analysis

In terms of cost, the upstream pure benzene market has experienced a narrow decline, and the current spot market price is difficult to boost, which has dragged down confidence in the pure benzene market and a poor market mentality. Currently, the supply side will gradually return in August, and the operating load will remain high, resulting in a poor overall market trading atmosphere.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that the short-term cyclohexane market price is expected to remain stable with a weak trend. Currently, the upstream cost support is average, and downstream demand is weak. The mainstream price range for cyclohexane is 8000 yuan/ton.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market continued to decline in mid July. On July 11th, the average price of isopropanol in China was 8550 yuan/ton, and on July 19th, the average price was 8520 yuan/ton, with a price drop of 0.35%.

The domestic isopropanol market continued to decline in mid July. The overall market situation is relatively light, with poor trading and a strong wait-and-see attitude. Downstream inquiries are average. The recent operating rate has increased compared to before. As of now, most of the isopropanol market prices in Shandong are around 8400-8600 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 8600-8700 yuan/ton.

In terms of raw material acetone, the acetone market first rose and then fell in mid July. On July 11th, the average price of acetone was 7767.5 yuan/ton, and on July 19th, the average price was 7747.5 yuan/ton. Overall, the price decreased by 0.26%. At present, the acetone market continues to decline, downstream demand is limited, on-site follow-up of actual orders is limited, and trading is average.

In terms of propylene, the propylene market has fluctuated and risen this week. On July 11th, the average domestic propylene price was 7190 yuan/ton, and on July 19th, the average price was 7220.75 yuan/ton, with a price increase of 0.42%. At present, the inventory of enterprises is low, and downstream demand is still acceptable. It is expected that the market will operate steadily with a moderate to strong trend in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price will continue to decline in mid July. The acetone market is weak, while the propylene market price is fluctuating and rising, with average cost support. The enthusiasm for downstream procurement is poor, with a focus on essential needs. It is expected that the isopropanol market will operate weakly and steadily in the short term.

1、 Price trend

According to data monitored by Shengyi Society, as of July 12th, the average quotation price of domestic high-quality DMF enterprises was 4250 yuan/ton. This week, the DMF market price was mainly weak, with an overall price drop of 2.07%. Currently, the mainstream price is around 4300 yuan/ton, and the overall market supply and demand are balanced. Enterprises mainly offer discounts and take orders, and the overall market negotiation focus is stable.

2、 Market analysis

This week, the overall market price of DMF is mainly running in a narrow and weak range, with a narrow downward trend in prices. Currently, downstream demand is poor, with a mainstream price range of 4300/ton. Manufacturers are actively shipping and logistics are smooth, but downstream demand is weak. Currently, the cost side of DMF is slightly supported, and it will maintain a stable, medium, and strong operation in the near future. Downstream enterprises purchase against rigid demand.

3、 Future forecast

DMF analysts from Shengyi Society believe that the DMF market will maintain its current trend in the short term, with mainstream prices remaining at 4700-4800 yuan/ton.

Price trend

According to the bulk list data from Business Society, the domestic PC market was weak in early July, with spot prices of various brands falling narrowly. As of July 9th, the benchmark price for the mixed PC of Shengyishe was around 16416.67 yuan/ton, an increase or decrease of -0.20% compared to June 1st.

Cause analysis

In terms of raw materials, it can be seen from the above chart that the domestic price of bisphenol A fell in early July. The upstream pure benzene market has fallen, causing a certain drag on bisphenol A in the raw material end. Downstream stocking enthusiasm is poor, and the flow of goods is slow. Overall, bisphenol A has weakened its support for PC cost.

In terms of supply: In early July, the overall operating rate of PC in China remained stable with little movement, and the industry average operating rate decreased by about 1% to 74% compared to the end of last month. There were relatively few news about industry maintenance and resumption of work within this period. There is abundant supply of goods on site, and there are also reports that the main brands of Hengli Petrochemical are about to be put on sale, which has negatively affected the mentality of the operators and generally resulted in weak factory pricing. The overall supply side of the market lacks support for PC prices.

In terms of demand: In early July, PC consumption continued the previous weak pattern, with the main logic leaning towards maintaining production and digesting inventory for just needs. Downstream enterprises have seen a decline in load, reduced stocking enthusiasm, and a decrease in consumption. Buyers have some resistance to high priced goods, and there is an upward trend in social inventory. The demand side has poor support for spot prices.

Future Market Forecast

The PC market has been weak and volatile recently. The upstream bisphenol A market has weakened, and PC cost support has weakened. The load of domestic polymerization plants is generally sideways, and the news of new product sales increases supply expectations. The demand side consumption has a strong off-season market trend, with poor on market trading. Although some companies are approaching maintenance in the future, the momentum of the PC market is weak, and it is expected that the PC market may not rise in the short term, with continued consolidation and operation as the main focus.

In June, the price of plasticizer DOP first increased and then decreased

According to the Commodity Market Analysis System of Shengyishe, as of June 28th, the price of plasticizer DOP was 9875 yuan/ton, a fluctuating decrease of 2.35% compared to the DOP price of 10112.50 yuan/ton on June 1st; Compared to the DOP price of 10400 yuan/ton on June 10th, it has decreased by 5.05%. The market for plasticizer raw material phthalic anhydride fluctuated and fell, while the price of isooctanol first rose and then fell. The cost of plasticizer decreased, and in June, the price of plasticizer first rose and then fell.

In June, the price of raw material isooctanol first rose and then fell

According to the Commodity Market Analysis System of Shengyishe, as of June 28th, the price of isooctanol was 9740 yuan/ton, a fluctuating decrease of 1.62% compared to the price of isooctanol on June 1st, which was 9900 yuan/ton; Compared to June 10th, the price of isooctanol decreased by 4.13% to 10160 yuan/ton. In June, the price of isooctanol first rose and then fell, and downstream factories faced difficulties in sales. Enterprises showed average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has fluctuated and declined. Downstream purchases are mainly small orders. Isooctanol manufacturers have poor shipments, and downstream customers have a strong demand for procurement, increasing the pressure on the decline of isooctanol.

The price of raw material phthalic anhydride fluctuated and fell in June

According to the Commodity Market Analysis System of Business Society, the domestic market price trend of ortho phthalic anhydride in June fluctuated and fell. As of June 28th, the quoted price of ortho phthalic anhydride was 8050 yuan/ton, a decrease of 1.68% from the price of 8187.50 yuan/ton on June 1st. At the end of June, the domestic price for ortho phthalic anhydride was 7800-8000 yuan/ton before leaving the factory, while the domestic price for ortho phthalic anhydride was 7300-7600 yuan/ton before leaving the factory. The operating rate of domestic phthalic anhydride is around 60%, and the spot supply of phthalic anhydride is stable. The purchasing situation of phthalic anhydride manufacturers is average. At the end of June, the price of industrial naphthalene rebounded slightly, and the market for naphthalene phthalic anhydride stabilized. The market for ortho benzene stabilized, and the market for ortho benzene phthalic anhydride fluctuated and fell. The market for phthalic anhydride fluctuated and fell in June.

Future expectations

Business Society plasticizer product data analysts believe that in June, the price of raw material isooctanol first fell and then rose, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP decreased; Downstream manufacturers are operating poorly, and the demand for plasticizers is expected to be poor. In the future, the price of isooctanol will first rise and then fall, while the price of phthalic anhydride will fluctuate and fall. The cost of raw materials will decrease, and coupled with poor downstream demand, the price of plasticizer DOP will fluctuate and fall in the future.