Product Name: Pure Benzene
Latest price: On July 30th, the average market price was 6078.67 yuan/ton
Analysis: The price of pure benzene in the domestic market has risen. The rise in crude oil prices and the upward trend in styrene and pure benzene futures have boosted confidence in the pure benzene market. Sinopec’s refineries in East and South China have raised the price of pure benzene by 100 yuan to 6050 yuan/ton, which will be implemented on July 29th. Shandong’s local refining enterprises continue to increase their quotations, and it is difficult to find low quotes on site. Overall, there are certain favorable macroeconomic policies, and it is expected that the trend of pure benzene will remain strong in the short term. Actual transactions are subject to discussion.

According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market weakened in July, mainly oscillating and falling. On July 1st, the average price of adipic acid in the domestic market was 7366 yuan/ton. On July 28th, the average price of adipic acid in the domestic market was 7066 yuan/ton, a decrease of 4.07% in price.
Negative sentiment suppresses weak July adipic acid market decline
At the beginning of July, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a weak market. As of July 11th, the average market price of adipic acid has fallen to around 7133 yuan/ton, with an overall decline of over 3%.
Starting from mid month, the downward trend of adipic acid market slowed down, with prices slightly decreasing. From the 11th to the 22nd, the market price of adipic acid fell to around 7000 yuan/ton, a decrease of nearly 1%.
At the end of the month, the support effect of the raw material market was limited, and the demand in the terminal plastic industry was poor. The price of adipic acid manufacturers stabilized, and the market sales were average. The average market price of adipic acid fell to 7066 yuan/ton, a decrease of 300 yuan/ton compared to the beginning of the month.
An analyst from Shengyi Society believes that in August, with improved terminal demand and increased support from the raw material market, the domestic adipic acid market is expected to stop falling and rise.

According to the Commodity Market Analysis System of Shengyi Society, from July 14th to 18th (as of 15:00), the domestic methanol market in East China port quotations fell from 2390 yuan/ton to around 2387 yuan/ton, with a price drop of 0.10% during the cycle, a month on month drop of 12.00%, and a year-on-year drop of 5.48%. Traditional downstream demand in port areas is still weak, coupled with the replenishment of domestic sources, the delivery of methanol in the port market is still not ideal, and the large accumulation of methanol inventory in ports has suppressed the market.

As of the close on July 18th, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract 2509 for methanol futures opened at 2373 yuan/ton, with a highest price of 2392 yuan/ton and a lowest price of 2356 yuan/ton. It closed at 2365 yuan/ton in the closing session, a decrease of 4 yuan or 0.17% from the previous trading day’s settlement. The trading volume is 642109 lots, the position is 669737, and the daily increase is 15851.
On the cost side, the inventory in the coal market is showing a downward trend, and prices continue to remain stable. The market has a strong wait-and-see sentiment, and the cost support is temporarily stable. The impact of methanol cost is mixed.
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. Formaldehyde: The formaldehyde market is fluctuating. Dimethyl ether: The dimethyl ether market is stable with occasional declines. 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 markets, as of the close on July 17th, the closing price of CFR Southeast Asia methanol market was $334.50-335.50 per ton. The closing price of the US Gulf methanol market was 89.00-90.00 cents/gallon, up 5 cents/gallon; The closing price of FOB Rotterdam methanol market is 235.50-236.50 euros/ton, down 2 euros/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.

This week, the epoxy chloropropane market has been running steadily with a slight weakness. Due to high costs and a strong wait-and-see attitude towards downstream epoxy resins, procurement demand has weakened, and the pressure on epoxy chloropropane to be released has increased. The market is gradually seeing low-priced sources of goods, and prices have slightly fallen. According to the monitoring and analysis system of Shengyi Society, as of July 15th, the benchmark price of Shengyi Society’s epichlorohydrin was 10200 yuan/ton, an increase of 4.08% compared to July 1st.
Price influencing factors:
Raw material side: The market price of raw material propylene has declined, while the glycerol market continues to rise due to external market prices and supply constraints. According to the market analysis system of Shengyi Society, as of July 14th, the benchmark price of propylene in Shengyi Society was 6560.75 yuan/ton, a decrease of 2.38% compared to the beginning of this month (6720.75 yuan/ton).
Supply side: This week, there has been an increase in outbound pressure in the epoxy chloropropane market, and inventory is slightly loose. The overall operating rate of the epichlorohydrin industry is 50-60%.
On the demand side: Due to high costs and a strong wait-and-see attitude towards downstream epoxy resins, procurement demand has weakened, and the pressure of epoxy chloropropane outflow has increased, resulting in a slight decline in market prices.
Market forecast: Business Society’s epoxy chloropropane analyst believes that the epoxy chloropropane market is supported by high levels of raw material glycerol, and spot supply is slightly loose. Low price sources are gradually emerging, but cost and supply side support still exist. Downstream, due to high costs, the purchasing atmosphere is not positive and demand is weak. Overall, it is expected that the market price of epichlorohydrin in the short term will remain stable with some weakness, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

Analysis: This week (7.7-7.11), the liquid ammonia market in Shandong was sluggish, with prices continuing the downward trend from last week. According to the Commodity Market Analysis System of Shengyi Society, the main production area of Shandong experienced a weekly decline of 1.28%. The main reason for the increase in supply pressure is the gradual recovery of maintenance equipment in the early stage, coupled with weak local demand, resulting in a stock accumulation in the market.

Firstly, from the supply side perspective, the maintenance equipment in Henan region has been put into operation, resulting in a loose supply situation. Coupled with the increase in urea to ammonia conversion by manufacturers, the supply has significantly increased, and the rise in ammonia volume has dragged down ammonia prices. From the beginning of the week to the middle of the week, the prices of manufacturers have loosened, but as the weekend approaches, the mentality of enterprises to raise prices is gradually strengthening. Some large factories have made slight price increases, but the magnitude is very limited. A large factory in Shandong only increased by 20 yuan/ton. As of Friday, mainstream large factories in Shandong have generally lowered their prices by more than 50 yuan/ton. Distributors mainly underreport shipments.
Secondly, from the demand side, some downstream facilities in Jiangsu and Anhui regions have undergone maintenance, resulting in a decrease in operating rates and a decrease in ammonia consumption. Downstream procurement enthusiasm is not high, agricultural demand is still in the off-season, industrial demand remains rigid, and the overall demand side is bearish. At present, the mainstream quotation in Shandong region is 2300-2360 yuan/ton.
Prediction: The market demand will be relatively light in the near future, with agricultural and industrial demand following closely. There will be little change in supply in the future, with equipment on and off, and overall showing a slow increasing trend. On the demand side, in the short term, the output of compound fertilizer is not high, but there is a possibility of a rebound in operating rate. In the future, the increase in supply and the rebound in demand will continue to pull. The price remains within a volatile range.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 4th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6640 yuan/ton, which is 0.75% lower than the reference average price of 6690 yuan/ton on June 30th.
2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have fluctuated slightly this week. As of July 4th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6250-6800 yuan/ton, in Yunnan region it is around 6450 yuan/ton, and in Sichuan region it is around 6400-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6300-6800 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. The market price of raw material yellow phosphorus has risen this week. Manufacturers mainly push prices, downstream low prices are difficult to find, and the transaction price of yellow phosphorus in the market has risen. After the rise of yellow phosphorus, the market trading atmosphere weakened, and it is expected that the short-term price of yellow phosphorus will mainly be weak and stable.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been stabilizing recently. The price increase of raw material yellow phosphorus has been temporarily delayed, and the market is not optimistic. The trading volume in the phosphoric acid market is light, with limited new orders in the market. It is expected that in the short term, the domestic phosphoric acid market prices will mainly stabilize and operate.

Price Trend Review

In June, the dichloromethane (DCM) market showed a trend of “first falling, then stabilizing, and then bottoming out”, with an overall downward shift in focus, mainly divided into three stages:
The decline at the beginning of the month after the festival (6.1-6.10): after the Dragon Boat Festival, the enthusiasm of the downstream market and traders in Shandong to receive orders slowed down. Although some devices were reduced in load and overhauled, the market supply performance was loose, and the shipment of the holders was dominated. The market transaction price fell under pressure, with a decline of 7.78%.
Mid to low rebound (6.11-6.20): With the weakening of prices, the market’s demand for replenishment at low prices increased, and trading activity increased. On the 11th, the market rebounded slightly, but the demand increment was limited. Under the supply-demand game, the market remained stagnant and weak.
At the end of the month, there was another decline (6.21-6.30): Inventory pressure appeared, and some companies slightly reduced prices to reduce inventory. On the 27th, prices fell to the lowest point of the month, a decrease of 9.72%. On the 30th, supported by the rise in raw materials (methanol, liquid chlorine), companies’ willingness to raise prices increased, and prices rebounded slightly. According to the monitoring of the commodity market analysis system of Shengyi Society, as of June 30th, the average price of dichloromethane dispersed water in Shandong Province was 2110 yuan/ton, a decrease of 8.86% during the month and a year-on-year decrease of 14.23%.
analysis of influencing factors
Supply side: Stable but rising, inventory pressure is evident
Device dynamics: During the month, some enterprises reduced their negative load and stabilized prices, and the overall industry production rebounded to 80% -85%, but the supply is still relatively sufficient.
Inventory accumulation: Downstream procurement is cautious, and some manufacturers are facing increasing inventory pressure. They have a strong willingness to reduce prices and reduce inventory, which is dragging down market prices.
Cost side: Methanol surges, liquid chlorine oscillates and rises
Methanol: Affected by the geopolitical conflict in the Middle East, Iran’s methanol facilities have been extensively shut down, and the expected arrival at ports has decreased, leading to a strong rise in methanol prices. As of June 30th, the spot price of methanol in Shengyi Society was reported at 2793 yuan/ton, an increase of 24.14% for the month, with increased cost support, but weak demand limited price transmission.
Liquid chlorine: The tight supply and fluctuating prices in Shandong region have provided some support for the cost of dichloromethane.
Demand side: Mainly for essential procurement, refrigerant performance is impressive
June is the off-season for the chemical industry, and some downstream industries (coatings, adhesives) are affected by high temperatures, rainy seasons, and environmental inspections, resulting in a decrease in operating rates and weak demand. The rainy weather in East and South China has suppressed demand in the construction industry, and it is expected to improve slightly in July.
Strong demand for refrigerant (R32): R32 prices continue to rise, with a domestic average price exceeding 50000 yuan/ton (+42% year-on-year), mainly supported by exports (40%), household air conditioning (40%), and maintenance markets (20%). If demand continues to grow in the second half of the year, refrigerant companies may apply to increase R32 quotas in August, which may drive a rebound in demand for dichloromethane.
Future prospects
June market: loose supply and demand, downward pressure on prices, but slightly rebounded at the end of the month due to cost support. Expectation for July: Refrigerant demand may provide support, but overall it is still mainly fluctuating at a low level, with attention paid to changes in methanol prices and inventory.

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 price of titanium dioxide in the domestic market fell in June. On June 1st, the average price of titanium dioxide was 15080 yuan/ton, and on June 27th, the average price of titanium dioxide was 14120 yuan/ton, with a price increase of 6.37%.
2、 Market analysis
The domestic titanium dioxide market price fell in June. In the first half of the year, the market situation was light, and the trading atmosphere in the market was insufficient. Downstream factories and traders had weak enthusiasm for purchasing goods, and titanium dioxide manufacturers had greater pressure to ship, causing the market focus to shift downwards. In the middle of the month, the downstream market still did not see much improvement, with light market transactions and a slight decrease in market prices. It is difficult to find favorable support in the second half of the year, and downstream factories are more cautious in purchasing goods, resulting in a slight downward adjustment in the market. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 13300-14400 yuan/ton; Sharp titanium type costs around 12300 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate fell weakly in June. At present, terminal demand is sluggish, downstream demand for titanium dioxide is weak, new orders are light, and raw material procurement is cautious. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1750-1800 yuan/ton; The price of 47,20 ore ranges from 1950 to 2150 yuan/ton; The price of 38 titanium ore excluding tax is around 1100-1200 yuan/ton. Titanium ore manufacturers face significant cost pressures, coupled with low inventory levels, and it is expected that the market will remain strong and stable in the short term.
According to customs data statistics, in May 2025, China imported 7467.59 tons of titanium dioxide, a year-on-year decrease of 17.78% and a month on month increase of 13.36%; Among them, 4232.19 tons of chlorinated titanium dioxide and 3235.40 tons of sulfuric acid titanium dioxide were imported. From January to May 2025, a total of 34842.08 tons of titanium dioxide were imported, a year-on-year decrease of 13.21%; Among them, the import of chloride method titanium dioxide was 20047.69 tons, a year-on-year decrease of 31.08%, and the import of sulfuric acid method titanium dioxide was 14794.39 tons, a year-on-year increase of 33.84%.
According to customs data statistics, China’s titanium dioxide exports in May were about 136000 tons, a decrease of 8.1% month on month and 8.7% year-on-year; Among them, the export of sulfuric acid titanium dioxide was 111000 tons, a decrease of 5.9% compared to the previous month; The export of chlorinated titanium dioxide was 24900 tons, a decrease of 18.1% compared to the previous month. From January to May 2025, China’s cumulative export of titanium dioxide was about 785000 tons, a year-on-year decrease of 1.5%. Among them, the cumulative export of sulfuric acid titanium dioxide was 631800 tons, a decrease of 1.6% compared to last year; The export of chlorinated titanium dioxide was 152800 tons, a decrease of 0.7% compared to last year.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market has declined this month. The demand in the domestic downstream market has not improved, and new orders on the market are being executed cautiously. Internationally, the market export situation is weak. The formation of certain negative factors in the domestic market affects the mentality of downstream markets. It is expected that the price of titanium dioxide will remain weak and stable in the short term, and the actual transaction price will be subject to negotiation.

According to the Commodity Market Analysis System of Shengyi Society, the price of polyester staple fiber first rose and then fell in June. As of June 29th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6736 yuan/ton, an increase of 3.45% from the beginning of the month.

The crude oil market has experienced significant fluctuations in oil prices due to the situation in the Middle East. The current geopolitical situation has significantly eased, and market concerns have been alleviated. Therefore, support for oil prices has weakened, but there are still many uncertainties. As of June 26th, the settlement price of international crude oil futures for WTI crude oil futures in the United States in August was $65.24 per barrel, and the settlement price of Brent crude oil futures in August was $67.73 per barrel.
The domestic PTA spot market in June showed an overall upward trend with fluctuations. As of June 29th, the average price of PTA in the East China region was 5084 yuan/ton, an increase of 2.4% from the beginning of the month. At the beginning of the month, PTA maintenance units were successively restarted, and the supply continued to increase. However, crude oil remained strong, and PTA slightly fell. In the middle of the month, crude oil prices rose significantly, boosting PTA prices. In the latter half of the year, crude oil experienced a sharp decline, and the PTA market followed suit. The current PTA industry operating rate is around 78%, and there are plans to restart in the future, which will increase supply.
The downstream yarn market remains sluggish, with some factories experiencing a trend of reduced order volume, insufficient order follow-up, and poor profits. Due to the recent fluctuations in raw material prices, we are relatively cautious in purchasing raw materials and maintain a focus on essential needs. The terminal textile industry has entered the off-season of consumption, and the domestic demand for knitted varieties is mainly supported by autumn cotton varieties. At present, the delivery and shipment of conventional fabrics in summer are the main focus, mostly receiving multiple orders in the early stage. The tariff policy has not yet been finalized, and the cautious attitude towards the future market remains unchanged.
Business analysts believe that some short fiber factories plan to reduce production and undergo maintenance after July, and it is expected that industry supply will significantly decline. The market is still concerned about the fragility of the geopolitical situation, insufficient cost support, and weak demand in the traditional consumption off-season. Therefore, the polyester staple fiber market will mainly operate weakly in July.