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.

According to the Commodity Market Analysis System of Shengyi Society, from July 7th to 11th (as of 15:00), the domestic methanol market in East China port quotations fell from 2430 yuan/ton to around 2370 yuan/ton, with a price drop of 2.47% during the period, a month on month increase of 0.42%, and a year-on-year decrease of 7.06%. Affected by the sufficient replenishment from the mainland to ports, the methanol market in ports needs to maintain a low level, with accumulated inventory. Recently, the methanol market in ports has continued to decline and operate mainly. The methanol market in mainland China is weak and volatile, and the market is still constrained by weak terminal demand. Downstream consumers continue to maintain cautious procurement for essential needs, and the upward momentum of the methanol market is insufficient.

As of the close on July 11th, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract 2509 for methanol futures opened at 2395 yuan/ton, with a highest price of 2403 yuan/ton and a lowest price of 2363 yuan/ton. It closed at 2370 yuan/ton in the closing session, a decrease of 23 yuan or 0.96% from the previous trading day’s settlement. The trading volume is 707228 lots, the position is 685261, and the daily increase is -10208.
On the cost side, the coal market is still constrained by high inventory and loose fundamentals, with low prices and weak cost support. The cost of methanol is influenced by negative factors.
On the demand side, terminal demand remains weak, with narrow fluctuations in olefin demand, suppressing the methanol market. Ice acetic acid: The market price of ice acetic acid is running low across the board. Formaldehyde: The formaldehyde market is running smoothly. The formaldehyde plant in the main production area has a load reduction operation, which reduces the demand for methanol from formaldehyde. Dimethyl ether: The operation of the dimethyl ether plant remains at a low level, mainly focused on selling inventory. Downstream industrial use is purchased on demand, and market buying and selling sentiment is weak, resulting in a decrease in demand for methanol. Most downstream products have reduced fluctuations in methanol demand, and the demand for methanol is influenced by bearish factors.
On the supply side, the overall loss of equipment is greater than the recovery amount, resulting in a decrease in capacity utilization. The planned maintenance of methanol facilities in the next cycle will decrease, while the restoration of facilities may increase, resulting in a narrow increase in overall market supply. Negative factors affecting the methanol supply side.
In terms of external trading, as of the close of July 10th, the CFR Southeast Asian methanol market closed at $334.50-335.50 per ton, a decrease of $5 per ton. The closing price of the US Gulf methanol market was 82.00-83.00 cents/gallon, down 1 cent/gallon; The closing price of FOB Rotterdam methanol market is 243.50-244.50 euros/ton, down 1 euro/ton.
Market forecast, under the game of supply and demand. The methanol analyst from Shengyi Society predicts that the domestic methanol spot market will mainly consolidate.

1、 Price trend

Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example. According to data monitoring by Business Society, the domestic titanium dioxide market price has decreased this week. The average price of titanium dioxide on Monday was 14120 yuan/ton, and the market price on Friday was 13660 yuan/ton, with a price reduction of 3.26%.
2、 Market analysis
This week, the domestic price of titanium dioxide has been lowered. The international export situation is poor, and the domestic market demand is weak. Enterprise inventory is high, downstream factories are cautious in purchasing goods, and new orders have limited transactions. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 12900-14100 yuan/ton; Sharp titanium type costs around 11900-12300 yuan/ton; The actual transaction price is negotiable.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market price will decrease this week. Downstream market demand is weak, and market transactions are sluggish. But the upstream titanium concentrate market is currently stable, with a slight increase in sulfuric acid prices, putting pressure on the cost of titanium dioxide. It is expected that in the short term, the market situation of titanium dioxide will be mainly wait-and-see, and the actual transaction price will be subject to negotiation.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene in Shandong Province first rose and then fell this month. The market price rose sharply in the first half of the year, continued to rise in the middle, and fell sharply in the second half. On June 1st, the price was 5735.33 yuan/ton; On June 30th, the price was 5952 yuan/ton, an increase of 3.78% from the beginning of the month.
2、 Market analysis
Pure benzene: Today’s pure benzene market price performance is mainly stable and consolidated. Although the styrene futures market fell in the morning, the atmosphere of pure benzene on the exchange remained stable and had a certain degree of resistance to decline. The price on the exchange mainly fluctuated slightly within the range. The atmosphere inside the Shandong refinery is relatively light. East China ports continue to accumulate inventory, with average market performance. Overall, businesses are relatively cautious, with market prices mainly operating at a standstill.
This month, Sinopec has raised the price of pure benzene by 150 yuan/ton to 6100 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On June 27th, international crude oil futures closed slightly higher. The settlement price of the August WTI crude oil futures contract in the United States was $65.52 per barrel, an increase of $0.28 or 0.4%. The settlement price of Brent crude oil futures for September was $66.80 per barrel, an increase of $0.04.
Pure benzene trading: On June 27th, FOB Korea rose by $2 to $723 per ton, while CFR China rose by $3 to $740 per ton. FOB Rotterdam rose by $19 to $710 per ton, while FOB US Gulf remained stable at 261 cents per gallon.
Overall expectation: In the short term, the pure benzene market will continue to operate steadily and fluctuate, and we will wait and see for news on the cost and demand sides. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.