According to the Commodity Market Analysis System of Shengyi Society, the ex factory price of ethyl acetate in China was 5470 yuan/ton on June 25th, unchanged from yesterday’s price. The cost is mainly stable, and downstream purchases follow up as needed. The transaction atmosphere on the market is still acceptable, and the price of ethyl acetate is firm.

Market analysis: Recently, the ethyl acetate market has been operating on a wait-and-see basis. On the raw material side, the price of acetic acid remains stable with small fluctuations, and the cost support is limited; On the demand side, downstream consumption is average, with a small amount of purchases following up on urgent needs. Enterprises ship according to demand, and the market atmosphere is stagnant. The focus of ethyl acetate transactions is running steadily.
Looking at the future market, there is currently no inventory pressure on the supply side of ethyl acetate manufacturers, with strong quotations as the main factor. Downstream demand is weak, and the mentality of industry players is not good. However, there is a recent upward trend in the price of raw material acetic acid, which may have positive support. It is expected that the ethyl acetate market will be strong in the later period, and specific attention should be paid to changes in the upstream market and downstream follow-up situations.

According to the Commodity Market Analysis System of Shengyi Society, from June 16th to 20th, the domestic ethanol price rose to 5486 yuan/ton, with a price increase of 0.49% during the period, a month on month increase of 2.08%, and a year-on-year decrease of 9.25%. In some regions, raw material corn is supported by high prices, while some enterprises in the main production areas have stopped production due to equipment maintenance. Ethanol production enterprises have a clear willingness to raise prices and are reluctant to sell at low prices, resulting in an increase in transaction prices.

In terms of cost, corn traders in the main production areas have a relatively optimistic attitude, with inventory at a relatively low level and prices relatively firm. The cost of ethanol is influenced by favorable factors.
The supply side and ethanol supply side are affected by favorable factors.
On the demand side, from the demand side, downstream Baijiu and chemical products are entering the traditional slack season, the consumer side is expected to reduce slightly, and the transaction price of downstream chemical products is expected to rise. The short-term demand for ethanol is influenced by favorable factors.
In the future forecast, favorable costs will continue to support the high operation of ethanol prices. Business Society’s ethanol analyst predicts that the domestic ethanol market will operate at a relatively high level in the short term.

According to the Commodity Market Analysis System of Shengyi Society, since June, the combination of long and short factors has led to a continuous decline in the domestic adipic acid market. After bottoming out and rebounding, the price has improved. On June 1st, the average market price of adipic acid was 7433 yuan/ton, and on June 17th, the average market price of adipic acid in China was 7466 yuan/ton, an increase of 0.45%.
The domestic adipic acid market fell first and then rose in the long short game
Since June, the market for pure benzene and cyclohexanone raw materials for adipic acid has weakened, leading to a decrease in demand in the end plastic industry and a decrease in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a sluggish market. The price of adipic acid has mainly decreased. As of June 9th, the average market price of adipic acid has fallen to around 7066 yuan/ton, with an overall decrease of 4.93%.
Starting from June 10th, the prices of pure benzene and cyclohexanone raw materials for adipic acid have risen, and the demand in the end plastic industry has improved, causing prices for adipic acid manufacturers to rise one after another. The transaction volume in the domestic adipic acid market has increased, and the adipic acid market has improved. As of June 17th, the average market price of adipic acid has risen to around 7466 yuan/ton, with an overall increase of 5.66%.
An analyst from Shengyi Society believes that by the end of June, with the support of rigid demand in the terminal industry and a strong raw material market, the market for adipic acid will continue to remain strong in the future.

According to the Commodity Analysis System of Shengyi Society, the styrene market has shown a strong upward trend this week, with an average price of 7870 yuan/ton at the beginning of the week and 8068 yuan/ton over the weekend, representing a 2.52% increase during the week.

News: On June 12th, international crude oil futures closed down. The settlement price of the July WTI crude oil futures contract in the United States was $68.04 per barrel, a decrease of $0.11 or 0.2%. Brent crude oil futures settled at $69.06 per barrel in August, a decrease of $0.41 or 0.6%
Cost wise: Recently, international oil prices have strengthened due to macroeconomic favorable conditions and geopolitical deterioration. Pure benzene has been dragged down by inventory, with a lower increase than crude oil.
Supply and demand side: There has been little change in the start of styrene production this week, with equipment resuming production in June and inventory relatively high. From the demand side, the downstream 3S profit has been restored, and the operating rate remains between 50% -60%, indicating that the demand is still acceptable.
Styrene external market: On the 12th, the closing price of styrene in the Asian US dollar market remained stable, with FOB Korea at 895-905 US dollars/ton and CFR China at 905-915 US dollars/ton.
Market forecast: Currently, crude oil is experiencing a strong short-term rebound, and styrene is greatly affected by crude oil. With the resumption of styrene maintenance facilities in the future, supply pressure has increased, downstream product inventory is high, and the resistance to increasing production has increased. It is expected that the styrene market in the short term will be greatly affected by macro factors and operate in a volatile manner.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on June 6th was 1026 yuan/ton, which is 0.64% lower than the average price of 1033 yuan/ton on June 1st.
2、 Market analysis
This week, the domestic ammonium sulfate market prices fluctuated slightly. The fluctuation of enterprise operating rate is not significant, with narrow adjustments. At present, the market supply and demand are stable, with downstream essential replenishment being the main focus. The export market has not improved yet. This week, urea prices have weakened and fallen, which is bearish for the ammonium sulfate market. As of June 6th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 980 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1000-1030 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent market trend of ammonium sulfate has undergone a narrow adjustment. Downstream cautious procurement is the main focus, with light trading in the ammonium sulfate market. At present, there is no positive news in the market, and it is expected that the domestic ammonium sulfate market will continue to operate with a slight consolidation in the short term.

1、 Price trend

According to monitoring data from Business Society, caustic soda prices rose in May. At the beginning of the month, the average price of caustic soda in Shandong region was 807 yuan/ton, and at the end of the month, the price of caustic soda in Shandong region was 885 yuan/yuan, an increase of 9.67% and an increase of 11.74% compared to the same period last year. On May 29th, the Business Social Chemical Index was 801 points, a decrease of 1 point from yesterday, a decrease of 42.79% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 33.95% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
2、 Market analysis
According to the survey data from Shengyi Society, the overall price of caustic soda has been rising. The price of caustic soda in Shandong region is around 810-920 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 920-980 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 2750-2850 yuan/ton (converted to 100%). This month, the price of caustic soda has risen due to equipment maintenance and reduced supply in the region. Downstream alumina procurement prices have also increased, and some factories have tight supply, which has increased demand for caustic soda and provided favorable support for the price increase.
The analysts of the business society believe that the price of caustic soda has been running steadily in the near future, and the domestic downstream demand is fair in the near future, and the goods are ready before the Dragon Boat Festival, which is a good support. The supply and demand game comprehensively predicts that the caustic soda will maintain a strong running market in the later period, depending on the downstream market demand.

Market summary: This week, the domestic acrylonitrile market lacked effective positive support, and buying momentum decreased. At present, the overall supply is abundant, and there are expectations for the commissioning of facilities such as Zhenhai Refining and Chemical next month, which is suppressing market sentiment and causing a weak downward trend in prices. As of May 30th, the mainstream negotiation for container self pickup at East China ports has remained at 8500-8700 yuan/ton, a decrease of 200 yuan/ton from last week; Short distance delivery to the Shandong market remains at around 8400-8500 yuan/ton, a decrease of 100 yuan/ton compared to last week.
Supply side: From the perspective of the northern market, the 260000 ton/year acrylonitrile plant in Liaoning Jinfa is currently undergoing maintenance and shutdown. Since May, Yulong Petrochemical’s external sales have also significantly decreased, and the 130000 ton/year plant in Haijiang, Shandong has resumed operation; The new production capacity of Zhonghua Quanzhou in the East China market has been released, but most of it flows to the South China market and underground contract factories in Zhejiang. At the same time, the restart process of Anqing Petrochemical’s 80000 ton unit is slow, and shipments are not as expected. Zhejiang Petrochemical’s 520000 ton acrylonitrile unit is currently operating at around 80%, while CNOOC’s Fudao Hainan 200000 ton acrylonitrile unit is currently operating at 80%. It is reported that Zhenhai Refining and Chemical’s 400000 ton acrylonitrile new unit is planned to start production in June.

Abundant inventory: Overall supply is abundant. According to statistics, as of May 28th, the inventory of domestic acrylonitrile factories was 43000 tons, which is -0.03 million tons compared to last week.
Demand side: The capacity utilization rate of major downstream industries of acrylonitrile in China varies, and Jilin chemical fiber facilities are gradually recovering, with the overall load of acrylic fiber recovering to over 60%; However, the ABS industry has maintained a production rate of around 60%, with a production capacity utilization rate of 62.32% as of May 29th. Raw materials are purchased on demand, and overall demand performance is average.
Overall, the domestic acrylonitrile market is currently weak, with a lack of effective positive news support. The overall supply is abundant, and there are expectations for the commissioning of facilities such as Zhenhai Refinery next month, which is suppressing market sentiment. However, in the short term, there is no pressure on industry inventory, and there are still variables in supply, so the market downturn is still relatively slow.