According to the Commodity Market Analysis System of Shengyi Society, the domestic aggregated MDI market first rose and then fell in May, with an overall increase. From May 1st to 29th, the domestic market price of aggregated MDI increased from 15316 yuan/ton to 16283 yuan/ton, with a monthly price increase of 6.31% and a year-on-year price decrease of 6.77%.

In mid to early May, export orders were delivered in a concentrated manner, and middlemen showed a clear willingness to raise prices. Low end quotations stopped falling and rose, and Ningbo units were supplied in limited quantities. Shanghai units have maintenance plans, and supply is expected to tighten. In the middle of the month, there will be an increase in maintenance companies and a slowdown in the filling speed of goods sources. The latest tariff policy has been introduced, which is favorable for the bulk commodity market. The trading atmosphere inside the venue has heated up. Low price reluctance to sell, the price of aggregated MDI continues to rise.
At the end of the month, the price of aggregated MDI rose to a high level, and intermediaries were actively selling goods. Downstream resistance to high priced sources was evident, and prices began to show slight looseness. The slight downward trend continued until the end of the month.
On the supply side, the 350000 ton annual production unit of Shanghai Huntsman will be shut down for maintenance in mid May, with a maintenance cycle of about three weeks. BASF’s 250000 ton plant in Shanghai will undergo maintenance in mid May, lasting approximately three weeks. Wanhua Fujian plant started shutdown maintenance on June 5th, with a duration of about 45 days.
On the cost side, the raw material pure benzene: In May, the pure benzene market fluctuated greatly, and the overall price increased compared to the beginning of the month. Supported by news of the adjustment of tariffs between China and the United States, the mid month market saw a wide rise in pure benzene prices. Subsequently, all the positive news dissipated, and the market returned to supply-demand imbalance, with prices falling weakly. Raw material aniline: The aniline market fluctuated and fell in May. On May 1st, the market price of aniline was 7532 yuan/ton, and on May 29th it was 7225 yuan/ton, a decrease of 4.08% during the month.
On the demand side, downstream urgent procurement, entering the market at low prices. In May, China and the United States reached an agreement on tariff policies, and the export market improved.
In the future market forecast, the current MDI market has a clear willingness for suppliers to raise prices, while the demand side maintains rigid procurement, resulting in a slight decrease in transaction prices. It is expected that the aggregated MDI market will maintain a slight downward trend in the short term.

Product Name: Pure Benzene

Latest price: The average market price on May 28th was 5792 yuan/ton, a decrease of 0.63% from the previous trading day.
Analysis: The price of pure benzene in the domestic market has fallen. The decline in the styrene futures market has affected confidence in the pure benzene market. Sinopec’s refineries in East and South China have lowered the price of pure benzene by 150 yuan to 5950 yuan/ton, which will be implemented on May 27th. Shandong’s local refining enterprises have slightly lowered their quotations, and downstream demand for gas is slightly average, resulting in light transactions. Overall, it is necessary to pay attention to the long-term accumulation of terminal inventory. It is expected that pure benzene will mainly fluctuate and consolidate in the short term, and actual transactions will be discussed on a case by case basis.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash decreased on May 27th, with a market average price of 1386 yuan/ton, a decrease of 0.57% compared to the previous trading day’s price of 1394 yuan/ton, and a decrease of 1.56% compared to the beginning of the month.
2、 Market analysis
On May 27th, the soda ash market experienced a weak downward trend. On the demand side, there is limited transaction volume in the terminal market, and there is a need to follow up on market purchases. Prices in some areas of the downstream glass market have been lowered, resulting in weak support for soda ash; On the supply side, the operating rate of the soda ash market has increased, but the mentality of the industry is not good. At the same time, there is weak trading in the market, and the shipment of enterprises is average. The soda ash quotation is weakly lowered.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices remained stable on May 27th, with the market average price remaining unchanged at 14.40 yuan/square meter. The glass market equipment has not changed much, the supply of goods is stable, the downstream purchasing enthusiasm is not high, a small amount is followed up according to demand, the glass market is slow to clear inventory, and the glass price is weakly stable.
Future forecast: Currently, the operating rate of soda ash in China is not high, and there is no pressure on market supply. Enterprises mainly ship their products. The downstream glass market is average, and the demand for soda ash is limited. The maintenance of supplier equipment will support the price. It is expected that the soda ash market will operate steadily, depending on downstream market demand.

Recently, the domestic epoxy propane market prices have been running steadily. According to the monitoring system of Shengyi Society, as of May 23rd, the benchmark price of Shengyi Society’s epoxy propane was 7725 yuan/ton, an increase of 5.46% compared to early May.

Price influencing factors:
Raw material side: Recently, the raw material propylene market has remained stable. According to the market analysis system of Shengyi Society, as of May 23, the benchmark price of propylene in Shengyi Society was 6665.75 yuan/ton, an increase of 1.45% compared to the beginning of this month (6570.75 yuan/ton).
On the demand side: downstream demand for epoxy propane replenishment after the holiday, the market trading atmosphere is relatively cautious. Affected by tariff policies, downstream terminal markets have limited procurement of raw materials. Overall, the demand is facing limited support from the epoxy propane market, and the market may maintain a volatile and weak trend in the later stage.
Market forecast:
Business Society’s epoxy propane analyst believes that downstream epoxy propane urgently needs replenishment, cautious procurement, cold market trading atmosphere, and insufficient demand support. It is expected that the epoxy propane market will maintain a weak and volatile trend in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has increased this week. The average market price at the beginning of the week was 851 yuan/ton, and the average market price over the weekend was 871 yuan/ton, with a price increase of 2.35% and a year-on-year increase of 9.97%. On May 22, the Business Social Chemical Index was 802 points, an increase of 1 point from yesterday, a decrease of 42.71% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 34.11% from the lowest point of 598 points on April 8, 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 been rising this week. The price of caustic soda in Shandong region is around 810-870 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 900-980 yuan/ton. The price of caustic soda in Inner Mongolia region is temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 2700-2800 yuan/ton (converted to 100%). The main downstream purchase price of caustic soda has been raised, and downstream demand has increased compared to before. Shandong liquid alkali is expected to maintain a high level of consolidation, and the overall inventory pressure of caustic soda is not significant.
Business analysts believe that the recent rise in caustic soda prices is driving the market trend, and the 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 trend in the later stage, depending on downstream market demand.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market has gradually improved since May. On May 1st, the average market price of hydrogen peroxide was 693 yuan/ton, and on May 19th, the average market price of hydrogen peroxide was 703 yuan/ton, with a price increase of 1.44%.

Positive support for hydrogen peroxide market oscillation and upward trend
Since May, there has been an increase in terminal demand in the printing and papermaking industries, with some hydrogen peroxide manufacturers shutting down for maintenance and supply tightening. This has been supported by positive factors, and hydrogen peroxide prices have gradually improved, mainly oscillating upwards. After the May Day holiday, the average price of hydrogen peroxide in the domestic market rose to around 700 yuan/ton, with a price increase of around 50 yuan/ton. After mid month, the hydrogen peroxide market continued to rise slightly, with increased market transactions and an overall upward trend. As of May 19th, the average market price of hydrogen peroxide was 703 yuan/ton, an increase of 1.44% from the beginning of the month.
Business Society’s hydrogen peroxide analyst believes that by the end of May, demand in the terminal printing and papermaking industry had improved, and the pressure on hydrogen peroxide supply had decreased, with the market continuing to operate at a high level in the future.

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.