1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 17th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6650 yuan/ton, which is 0.15% lower than the reference average price of 6660 yuan/ton on October 13th.
2、 Market analysis
Market aspect
This week, the domestic phosphoric acid market prices have slightly declined. As of October 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6650 yuan/ton, in Yunnan region it is around 6450 yuan/ton, and in Sichuan region it is around 6200-6600 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus has weakened and fallen. At present, the supply of yellow phosphorus in the market is loose, and downstream suppliers replenish according to demand, mainly purchasing at low prices. The market trading atmosphere is not good, and it is expected that the short-term yellow phosphorus price will continue to operate weakly.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been weak recently. The price of raw material yellow phosphorus has been lowered, and the cost support is insufficient. The market situation of phosphoric acid has followed the downward trend of raw materials. At present, there are few inquiries and light trading in the phosphate market. It is expected that the domestic phosphoric acid market will mainly operate weakly in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the aniline market saw a slight increase this week. On October 13th, the market price of aniline was 7932 yuan/ton, and on October 17th it was 7995 yuan/ton, with a weekly increase of 0.79% and a decrease of 25.28% compared to the same period last year.
2、 Analysis and Review
This week, the aniline market continued to rise slightly, with the mainstream price of aniline rising to 7950-7800 yuan/ton. Equipment maintenance in the main production area has led to supply contraction and increased prices from suppliers.
On the cost side: This week, the pure benzene market has been weak and declining, and the supply-demand contradiction has intensified. Domestic pure benzene inventories remain high, and downstream industries such as phenol and styrene are generally in a loss making state. Only caprolactam maintains rigid procurement supported by textile demand, and the fundamentals are weak and difficult to change.

The operating rate of the domestic hydrogen fluoride market in September was 54.5%, an increase of 1.2 percentage points from August, and the pricing was raised by about 550 yuan/ton. At the end of September, some companies continued to increase their new orders, and the market continued to show a strong trend. According to the analysis system of Shengyi Society, as of September 29th, the benchmark price of hydrofluoric acid in Shengyi Society was 12666.67 yuan/ton, an increase of 10.47% compared to early September.

On the raw material side, the domestic fluorite market rose in September, with an average price of 3497.5 yuan/ton as of the end of the month, an increase of 7.0% from the end of the month price of 3268.75 yuan/ton, and a year-on-year increase of 3.63%. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. With the decrease in temperature in the north, the winter shutdown period for mines and beneficiation plants in the northern region is approaching, and the market supply is further tightened. The sustained high price of fluorite provides strong support for the cost of hydrofluoric acid, and the hydrofluoric acid market is showing a significant increase.
Demand side: The downstream market continues to rise. The terminal policy of the refrigerant industry is being strengthened, and demand is expected to achieve substantial improvement. Fluorine chemical enterprises within the quota control have strong confidence in raising prices in the refrigerant market. Currently, the pace of high price procurement is relatively slow, but the industry inventory is being transmitted in a benign and orderly manner, with upstream products being mainly purchased on demand. Overall, demand support for hydrogen fluoride is stable, moderate, and strong, and the price trend of hydrogen fluoride continues to rise.
Market forecast: The price of raw material fluorite will rise, and the cost of hydrofluoric acid will be strongly supported. Downstream willingness to accept high priced raw materials is weak, and procurement will mainly focus on essential needs, with only a small number of orders signed. It is expected that the anhydrous hydrogen fluoride market will continue to have a strong trend in the later stage. More attention should be paid to changes in market supply and demand.

According to the Commodity Market Analysis System of Shengyi Society, as of September 28th, the average market price of acetic acid was 2640 yuan/ton, an increase of 20 yuan/ton or 0.76% compared to the price of 2620 yuan/ton on September 22nd. This week, the domestic acetic acid market continued to operate strongly, with some maintenance equipment on the supply side not yet restored. The utilization rate of acetic acid production capacity has decreased, and downstream pre holiday restocking has been steadily followed up. The market trading atmosphere is positive, and companies are actively shipping. Inventory is maintained at a low level, and the fundamental performance is mainly positive. The mentality of operators has risen, and the price of acetic acid has been raised again.

The raw material methanol market has been fluctuating this week. As of the 28th, the average price in the domestic market was 2263 yuan/ton, an increase of 0.35% compared to the price of 2255 yuan/ton on September 22nd. Recently, the import volume has been high, and the accumulation of methanol in ports is still the main factor. Downstream purchases at low prices continue to suppress the spot market, and the overall market performance is still weak, with narrow fluctuations being the main trend.
The downstream acetic anhydride market is operating steadily, with an average ex factory price of 4212.50 yuan/ton from September 22nd to 28th. The upstream acetic acid market is running at a high level, supporting the optimistic atmosphere of the acetic anhydride market. Downstream replenishment before the holiday is following up on demand, and enterprise shipments are still acceptable. The price of acetic anhydride is stable and waiting to be seen during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the utilization rate of domestic acetic acid production capacity has decreased month on month, enterprise inventory has declined, downstream stocking is nearing completion, market trading is following up on demand, and currently there is less supply and more demand on site. It is expected that the acetic acid market will continue to operate strongly in the later stage, and the market supply situation will be closely monitored in the future.

In September, the dichloromethane market did not experience the traditional “golden nine” peak season. Instead, under the pressure of severe supply-demand imbalance, the market continued to bottom out and prices fell to a nine-year low.

Price trend: Expectations of peak season fall short, price depth drops
As of September 28th, the average price of dichloromethane in Shandong Province has dropped to 1695 yuan/ton, a sharp drop of 15.04% from the beginning of the month and a year-on-year drop of 36.64%. The expectation of “Golden September” has completely fallen through, downstream stocking sentiment is extremely weak, market trading is sluggish, and companies continue to offer discounts to ease inventory pressure.
Analysis of influencing factors
Supply side: Maintain high load, huge supply pressure
The industry’s operating rate continues to remain at a high level of 85%, although some companies have temporarily reduced their losses, it has little impact on the overall relaxed supply pattern. The high inventory pressure on enterprises has led to continuous price reductions and destocking.
Cost side: Insufficient support
In terms of raw material methanol, the methanol market experienced narrow fluctuations in September, which limited the cost support for dichloromethane. As of September 26th, the benchmark price of methanol in Shengyi Society was 2253.75 yuan/ton, an increase of 0.91% during the month. The operating rate of methanol enterprises has increased month on month, and some olefins continue to be extracted externally. Traditional downstream industries also have stock up before the holiday, and the inventory of enterprises has been reduced. The downstream negative operation of Shandong liquid chlorine has driven up the prices of liquid chlorine in surrounding areas, resulting in an upward movement of liquid chlorine prices. However, it has not been able to reverse the downward trend of dichloromethane caused by its own supply and demand problems..
Demand side: Both domestic and foreign demand are weakening
Weak domestic demand: Downstream only maintains small orders for essential needs, lacking the motivation for large-scale stocking. In addition, typhoon weather further suppressed actual demand. The National Day holiday may cause some factories to shut down and take leave, resulting in a decrease in actual production days, which may cause a temporary drop in demand in early October.
External demand contraction: The export volume in August decreased by 23.28% month on month, which is a key signal indicating that the export driving force that previously supported the market weakened in September, exacerbating domestic supply pressure.
Future outlook:
It is reported that some companies have reported plans to reduce their load in October. This will be the key to reversing the market downturn. If production cuts are implemented, it will effectively alleviate supply pressure and provide bottom support for prices. The recovery situation on the demand side is still unknown. The National Day holiday may lead to a reduction in effective working days in early October, and demand may experience a temporary decline. There is also uncertainty about whether exports can return to growth. It is expected that the market will enter a period of bottom oscillation and recovery. Pay attention to the efforts of enterprises to reduce their burden.

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 1248 yuan/ton, and the average market price of baking soda at the end of the week was 1245 yuan/ton, a decrease of 0.24% and 23.32% compared to the same period last year. On September 25th, the Business Society Baking Soda Index was 82.63, unchanged from yesterday and hitting a historic low for the cycle, a decrease of 64.96% from the highest point of 235.84 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 steadily, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1150-1250 yuan/ton in Henan region and 1200-1300 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation 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 been consolidating this week. The average market price at the beginning of the week is now 1188 yuan/ton, and the average market price over the weekend is 1186 yuan/ton, with a price increase of 0.17% and a decrease of 26.52% 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 consolidating recently, and the upstream raw material soda ash has also been consolidating recently. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, and demand enthusiasm for baking soda is still acceptable. Overall, it is expected that the price of baking soda will mainly fluctuate in the later stage, depending on downstream market demand.

The market price of hydrogen fluoride is temporarily stable this week. According to the analysis system of Shengyi Society, as of September 19th, the benchmark price of hydrofluoric acid in Shengyi Society was 11466.67 yuan/ton, an increase of 7.67% from the end of August.

Raw material side: Domestic fluorite prices have continued to rise this week, putting high pressure on the cost of hydrogen fluoride. As of September 19th, the benchmark price of fluorite in Shengyi Society was 3343.75 yuan/ton, an increase of 2.29% compared to the beginning of this month (3268.75 yuan/ton). The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The continuous rise in the fluorite market has put pressure on the cost of hydrofluoric acid, and production enterprises still face the pressure of losses, resulting in cost inversion. It is expected that hydrogen fluoride enterprises will continue to rise in the later stage.
On the demand side: The downstream refrigerant market continues to rise, and the terminal policies of the refrigerant industry are exerting force. Demand is expected to achieve substantial improvement. Fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. Currently, the pace of high price procurement is relatively slow, but the industry’s inventory is transmitted in a healthy and orderly manner, and upstream products are mainly purchased on demand. The trend of refrigerant market has risen slightly, and the demand side is supporting hydrogen fluoride steadily, with a moderate to strong trend. It is expected that the price trend of hydrogen fluoride will continue to rise in the later stage.
Market forecast: The price of raw material fluorite will rise, and the cost of hydrofluoric acid will be under high pressure. The pressure of loss for production enterprises still exists, and downstream demand procurement will be the main focus. It is expected that the anhydrous hydrogen fluoride market will continue to maintain a stable, medium, and strong trend in the later stage. More attention should be paid to changes in market supply and demand.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been running weakly this week. The average market price at the beginning of the week was 28760 yuan/ton, and the average market price over the weekend was 28500 yuan/ton, a decrease of 0.9% and an increase of 42.07% compared to the same period last year. On September 18th, the Business Society Bromine Index was 100.21, unchanged from yesterday, a decrease of 59.13% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 70.08% 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 been running weakly, with a reference price of 28000-29500 yuan/ton for spot bromine production in Shandong region. Due to weather and policy reasons, bromine companies have tight inventory, but downstream companies have average purchasing enthusiasm. In terms of raw materials, domestic sulfur prices have remained stable this week, with an average market price of 2644.33 yuan/ton from the beginning of the week to the weekend, an increase of 79.2% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to be weak in the near future, while upstream sulfur prices are expected to be weak. Bromine prices are expected to be weak this week, while downstream purchases are expected to be made on demand. Overall market activity is average. It is expected that bromine may continue to operate weakly in the later period, depending on downstream market demand.

This week, the price of plasticizer DOP has stopped falling and rebounded

According to the Commodity Market Analysis System of Shengyi Society, as of September 15th, the DOP price was 7509.16 yuan/ton, a fluctuating increase of 0.56% compared to the DOP price of 7467.50 yuan/ton on September 10th. The prices of raw materials isooctanol and phthalic anhydride have fluctuated and fallen, while the cost of DOP has stopped falling, and the downward pressure on DOP has weakened; This week, the operating load of DOP enterprises has increased, leading to an increase in DOP supply; Downstream demand is difficult to improve, and there is a lack of interest in DOP procurement inquiries, resulting in limited improvement in DOP demand transactions. The cost has stopped falling, and the price of plasticizers has rebounded.
This week, the price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of September 15th, the price of isooctanol was 7016.67 yuan/ton, a fluctuating decrease of 0.71% compared to the price of 7066.67 yuan/ton on September 8th. This week, the production capacity of isooctanol enterprises remained stable at a high level, and the operating rate of isooctanol equipment slightly increased to 96%. In addition, there was a significant increase in new isooctanol production capacity, resulting in an increase in isooctanol supply; This week, the price of isooctanol has slightly decreased, the cost of plasticizers has stopped falling, and the support for DOP increase still exists.
This week, the price of raw material phthalic anhydride rebounded and stabilized
According to the Commodity Market Analysis System of Shengyi Society, as of September 15th, the price of phthalic anhydride in neighboring countries was 6300 yuan/ton, which rebounded from the price of 6133.33 yuan/ton on September 8th and increased by 2.72%. This week, the price of ortho benzene was 6400 yuan/ton, with a price increase of 1.59%. The price of industrial naphthalene fluctuated and rose, and the cost support of phthalic anhydride increased. This week, the load of phthalic anhydride equipment increased, and the operating rate of phthalic anhydride enterprises was 63%. The supply of phthalic anhydride is sufficient, and the equipment operating load of downstream plasticizer enterprises has increased. The demand support for phthalic anhydride still exists. The price of phthalic anhydride has rebounded, the cost of plasticizers has stopped falling, and the support for the price increase of plasticizer DOP still exists.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol fluctuated slightly and fell, while the price of phthalic anhydride rebounded and rose, and the support for the increase in plasticizer DOP cost increased; In terms of supply, the operating rate of plasticizer enterprises has increased, the production of plasticizers has remained stable, and the supply of plasticizers is sufficient; In terms of demand, the overall economy is sluggish, coupled with anti competition and the elimination of outdated production capacity, resulting in weak downstream demand. In the future, with strong supply and weak demand, coupled with increased support from rising costs, it is expected that the price of plasticizer DOP will rebound and stop falling.

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 from Shengyi Society, the domestic titanium dioxide market has remained stable this week, with an average price of 13820 yuan/ton.
2、 Market analysis
This week, the domestic titanium dioxide market has temporarily stabilized and consolidated. At present, the demand for titanium dioxide in the market is average, and there is no significant improvement in the terminal market. The trading atmosphere in the market is relatively light, and the enthusiasm for downstream procurement is not high. However, under cost pressure, enterprise offers remain firm, and the upstream and downstream market conditions are relatively stagnant. The market is mostly wait-and-see, and transactions are cautious. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 13200-14200 yuan/ton; The price of the titanium type is around 11700-12500 yuan/ton, and the actual transaction price is negotiable.
3、 Future forecast
The titanium dioxide analyst from Shengyi Society believes that the domestic titanium dioxide market is temporarily stable and consolidating this week. Titanium dioxide companies are under cost pressure and their offers are firm. The market is mostly wait-and-see. It is expected that the titanium dioxide market will remain stable and wait to see in the short term, and the actual transaction price will be discussed on a case by case basis.