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.

In June, the market price of epichlorohydrin first fell and then rose. The main influencing factors come from cost and supply and demand aspects. According to the monitoring and analysis system of Shengyi Society, as of June 27th, the benchmark price of Shengyi Society’s epichlorohydrin was 9500 yuan/ton, a decrease of -2.06% compared to early June.

Price influencing factors:
Raw material side: In the first half of the month, the external price of raw material glycerol remained high and firm, while domestic demand was weak, resulting in a slight decrease in its focus. However, the cost of glycerol based epichlorohydrin remained under high pressure. Raw material propylene also experienced a decline in the first half of the year. Overall, due to insufficient cost support, the price of epichlorohydrin decreased slightly in the first half of the year. In the second half of the month, the market price of raw material propylene rose, while the price of glycerol remained high and firm, providing strong support for the cost of epichlorohydrin and leading to a trend of price increase. According to the market analysis system of Shengyi Society, as of June 26th, the benchmark price of propylene in Shengyi Society was 6838.25 yuan/ton, an increase of 4.59% compared to the beginning of this month (6538.25 yuan/ton).
Supply side: In the first half of the month, due to the decline in raw material propylene prices, the production cost of enterprises was low, and their enthusiasm was high. The capacity utilization rate reached over 90%, and the supply side was relatively sufficient. The market competition was fierce, and the price of epichlorohydrin showed a downward trend. In the second half of the month, the spot market for epichlorohydrin is slightly tight, with market prices showing a slight increase.
On the demand side: The downstream epoxy resin market showed weak demand in June, with limited new orders and a relatively cold trading atmosphere. The total downstream consumption of epichlorohydrin in June was about 94600 tons, a decrease of 3.9% compared to the previous month. Overall, downstream demand support is limited, and it is expected that the market price of epichlorohydrin will mainly consolidate.
Market forecast: Analysts from Shengyi Society believe that the high prices of glycerol and propylene on the cost side will provide support, but weak downstream demand and a cold trading atmosphere may lead to loose supply of epichlorohydrin. It is expected that the market price of epichlorohydrin will mainly consolidate in the later stage, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

According to the price data from Shengyi Society, as of June 27th, the average selling price of PET is 6147 yuan/ton.
In June 2025, the price of polyester bottle chips showed a volatile trend of weak pullback in the first half of the year, high rise in the middle, and pullback in the second half.

In early October, the average spot price in East China fell from 5965 yuan/ton to 5939 yuan/ton, mainly due to the decline of crude oil below 70 US dollars/barrel, which dragged down PTA and ethylene glycol (PTA fell to 4870 yuan/ton), and cost support collapsed. Downstream inventory replenishment is only limited to small orders for essential needs, and exports are suppressed by rising sea freight rates and anti-dumping investigations. The inventory days remain at a high level for 16-18 days, and under the influence of multiple factors, prices are weakly declining.
In mid month, the weekly average price in East China rose to 6084 yuan/ton, and geopolitical conflicts pushed Brent crude oil to 78.85 US dollars/barrel, followed by PTA rising to 4990 yuan/ton, with increased cost support.
In the latter half of the year, as the situation between Iran and Israel eased, crude oil prices plummeted, cost support loosened, and polyester bottle chip prices also fell. On June 26th, the main futures of polyester bottle chips fell by 3.69%, and the market entered a weak consolidation, but the expected reduction in supply limited the decline.
Analysis of Core Influencing Factors
1. Cost side: Cost fluctuations dominate prices
The Middle East conflict has pushed Brent crude oil to $78.85 per barrel, followed by PTA at $4990 per ton, directly increasing the cost of bottle pellet polymerization. Raw materials are struggling to keep up with the rise, and PTA is expected to add 4.5 million tons of production capacity, which will limit the repair space for processing fees. The high inventory of ethylene glycol at the port limits the rebound.
2. Supply side: reduced production and weakened capacity expansion
Top enterprises jointly reduced production by 20% in July, combined with 1 million tons of parking in Sanfang Lane and 70% of construction in Baihong, affecting a total production capacity of 4.9 million tons. The operating rate is expected to decline by 17 percentage points to 77%. By 2025, only 600000 tons of equipment will be added to Fuhai, compared to 9.32 million tons added in the previous three years. The degree of capacity expansion will weaken, and the long-term supply pressure will ease.
3. Demand side: rigid support during peak season, but weak recovery
The recovery of downstream demand is weak, and the replenishment of inventory is mostly due to small orders for essential needs, lacking the drive to chase after price increases. Although the second quarter is the peak season for downstream beverage factories to stock up, there is a certain rigid demand that provides some support for prices. However, overall demand is not enough to drive prices to continue to rise significantly. When cost support weakens, prices are prone to fall.
Future prospects
Overall, the polyester bottle chip factory has a large-scale production reduction plan since July. If the plan is successfully implemented, the low-priced supply in the market will gradually decrease, and the tight supply situation will be reflected, which is conducive to price increases and short-term price recovery is expected.

The domestic acetone market first suppressed and then rose, and last week’s fluctuations in international oil prices drove up the market price of raw material pure benzene. The acetone market in East China has been trading at an average price of 5350 yuan/ton since June 16th, but has dropped to 5300 yuan/ton on June 23rd. During this period, the transaction price has dropped to 5200-5250 yuan/ton, and the overall market is hovering at a low level.
In terms of supply, the operating rate of the phenol ketone factory is at 80%. During the week, Yangzhou Shiyou will be shut down for maintenance, while Tianjin Zhongsha will be in operation; In terms of imports, last week’s shipment statistics were nearly 30000 tons, indicating a relatively high supply.

In terms of demand, downstream bisphenol A has reduced its demand for acetone, but the demand for MIBK and isopropanol has increased. However, the demand for high-temperature avoidance of solvent chemicals has decreased in summer.
The acetone offers in major mainstream markets across the country on June 23rd are as follows:
Region./Quotation on June 23rd /Weekly increase and decrease
East China region / 5300./ -50
Shandong region / 5450./ 0
Yanshan region / 5450./ 0
South China region / 5420./ -30

From the perspective of Business Society, the short-term acetone market is unlikely to be favorable, with relatively loose supply and demand following up on demand. Recently, attention has been paid to the impact of cost, and it is expected that the acetone market in East China will be negotiated around 5300-5350 yuan/ton.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda at the beginning of the week was 1272.4 yuan/ton, and the average market price of baking soda at the end of the week was 1272 yuan/ton, a decrease of 0.03% and a decrease of 46.19% compared to the same period last year. On June 19th, the Business Society Baking Soda Index was 84.37, a decrease of 0.03 points from yesterday, setting a historical low for the cycle, and a decrease of 64.23% from the highest point of 235.84 points on November 10, 2021. (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. The price of baking soda in Henan region is running weakly, with a factory price of 1200-1300 yuan/ton in Henan region and 1300-1400 yuan/ton in Shandong region. Due to downstream demand driven procurement, it is expected that weak operations will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has remained stable this week. The average market price from the beginning of the week to the end of the week is 1304 yuan/ton, a decrease of 38.05% compared to the same period last year. Downstream buyers tend to purchase on demand.
Business Society analysts believe that the price of baking soda has been weak in recent times, while the upstream raw material soda ash has been generally operating. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand, with average demand enthusiasm. Overall, it is expected that the price of baking soda will mainly fluctuate in the later stage, depending on downstream market demand.

Plasticizer DOP prices stop falling and rebound

According to the Commodity Market Analysis System of Shengyi Society, as of June 13th, the DOP price was 8250.83 yuan/ton, which rebounded and increased by 0.10% compared to the June 11th DOP price of 8242.50 yuan/ton; Compared to June 6th, the DOP price of 8267.50 yuan/ton first fell and then rose, with a decrease of 0.20%. This week, DOP prices rebounded and rose, plasticizer companies’ operating loads decreased, DOP production decreased, and DOP prices fluctuated and fell; As the price of raw material isooctanol rebounded and stopped falling, the price of phthalic anhydride fluctuated and rose, and the cost of plasticizers rebounded and stopped falling, the price of plasticizers first fell and then rose.
The price of raw material isooctanol has stopped falling and rebounded
According to the Commodity Market Analysis System of Shengyi Society, as of June 13th, the price of isooctanol was 7390 yuan/ton, a fluctuating decrease of 2.12% compared to the price of 7550 yuan/ton on June 6th; Compared to June 11th, the price of isooctanol rebounded and rose by 0.09% to 7383.33 yuan/ton. This week, the price of isooctanol fluctuated and fell, downstream plasticizer production decreased, demand for isooctanol decreased, and the price of isooctanol fluctuated and fell. The price of crude oil continues to rise, and the cost of raw materials for isooctanol has significantly increased. The support of raw material costs for isooctanol has increased, and the price of isooctanol has rebounded and stopped falling.
Raw material phthalic anhydride prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyi Society, as of June 13th, the price of phthalic anhydride from neighboring countries was 6916.67 yuan/ton, which rebounded and increased by 0.97% compared to the price of phthalic anhydride of 6850 yuan/ton on June 6th; The price of phthalic anhydride fluctuated and fell by 0.48% from 6950 yuan/ton on June 1st. This week, the price of phthalic anhydride remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The demand support for phthalic anhydride still exists. The price of phthalic anhydride has risen, and the cost of DOP raw materials has increased.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has rebounded and stopped falling, while the price of phthalic anhydride has fluctuated and risen. The cost of plasticizer DOP first fell and then rose; In terms of demand, the demand for plasticizers has decreased. In the future, with cost support, it is expected that the price of plasticizer DOP will stop falling and rebound.

According to the Commodity Market Analysis System of Shengyi Society, from June 9th to 13th, the domestic aggregated MDI market experienced a weak decline, with an average price of 16133 yuan/ton at the beginning of the week and 15916 yuan/ton at the end of the week, a decrease of 1.34% during the period and a year-on-year decrease of 11%. The restart and maintenance of the maintenance enterprise coexist within the week, and the supply side remains stable. Downstream demand is weak, entering the market at a low price, and there is no obvious positive guidance in the market, causing the price of aggregated MDI to continue to decline.

On the supply side, BASF and Huntsman plants in Shanghai have restarted. Fujian Wanhua underwent maintenance on June 5th, lasting approximately 45 days. The 70000 ton/year MDI plant in Tosa, Japan will undergo maintenance and overhaul in early May, with a duration of approximately 40 days; The 130000 tons/year MDI plant will be shut down for maintenance in mid May, with a duration of approximately 40 days. The 200000 ton/year MDI plant in Jinhu, South Korea is scheduled for maintenance on May 20th, with a duration of approximately one month.
In terms of cost, both pure benzene and aniline raw materials have increased, with pure benzene rising by 3.55% and aniline rising by 1.38% this week.
On the demand side, downstream is currently in the off-season of consumption, with a focus on essential needs and a high volume of small orders, creating a strong wait-and-see atmosphere.
In the future forecast, the supply side support of the current aggregated MDI market is still acceptable, and large factories in the north are operating at a reduced load. It is expected that the aggregated MDI market will stop falling and stabilize in the short term. We will closely monitor the progress of enterprise maintenance and changes in market supply and demand.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of June 9th, the average quotation price of domestic high-quality DMF enterprises was 4080 yuan/ton. In June, the domestic DMF market remained stable, with downstream entering the off-season and demand continuing to decline. The focus of negotiations remained low, and there was a lack of good news. The market was calm, and the mentality of operators was stable, with a strong wait-and-see atmosphere and cautious operations. Profits fell and weak stability was digested.
2、 Cause analysis
Cost: Today’s methanol market is mainly stable, with inventory at a low level and relatively firm prices. Last week, the methanol market was mainly strong, with the methanol market at the bottom price. Traders’ willingness to hold goods was strengthened. The industry has an obvious attitude of boosting, positive attitude, increased gas buying on the market, and increased the number of traders’ orders. At present, the traditional downstream has entered the high temperature season, and there is a significant lack of demand. Port: After the Loong Boat Festival holiday, the information about ship age restrictions supports the market trend, port prices continue to rise, spot talks have improved, recent arrival is concentrated in the port, and inventory has accumulated.
In terms of demand: Recently, the DMF market demand has been poor, and the overall market is weak with a wait-and-see attitude. This week, the operating rate of enterprises has remained stable, and there has been no news of new device maintenance. Currently, the overall inventory is running at a high level, and the supply of spot goods exceeds the demand. The pressure on the demand side is high, and it is difficult to alleviate in the short term. The wait-and-see atmosphere is obvious, and prices are fluctuating weakly. In terms of market mentality, the supply and demand are deadlocked. Business operators have a general mentality in the future and.
In terms of inventory: Since June, the DMF market has entered a traditional off-season, with gradually accumulating inventory and high inventory pressure. The inventory is high, but there is sufficient stock available. There has been no significant improvement in demand, and the overall market is weak and stable, with a state of supply-demand competition and slow inventory digestion.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market has entered a low season, with little positive news. The overall market is in a quiet and wait-and-see state, and currently the market is maintaining a weak and stable operation, with weak and stable digestion being the main focus.