1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda on August 26th was 1249 yuan/ton, a decrease of 33.24% compared to the same period last year. On August 25th, the Business Society Baking Soda Index was 82.90, a decrease of 0.01 points from yesterday, setting a new historical low for the cycle, and a decrease of 64.85% 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 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 1270 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 current market average price is 1220 yuan/ton, a decrease of 32.6% compared to the same period last year, and downstream purchases are mostly made on demand.
Business 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.

1、 Price trend

According to data monitored by Shengyi Society, as of August 25th, the average price of industrial grade high-quality cyclohexane in China is currently 7266 yuan/ton, with limited cost support and weak downstream demand for cyclohexane. There is insufficient room for price increases, and traders are cautious in their operations, with little willingness to hoard.
2、 Market analysis
Market wise: Currently, the cyclohexane market is mainly operating steadily, with cautious downstream operations and poor cost support. Downstream hoarding intentions are not strong, customer operations are cautious, and downstream essential purchases are the main focus. Currently, there is sufficient spot supply, slow shipments, and a stable on-site mentality with a wait-and-see attitude. The overall market negotiation focus is stable, factory shipments are not under pressure, and profits are still considerable. The overall market is moving upwards, and it is expected to maintain the current trend in the short term.
Upstream aspect: Upstream prices remain stable, but cost support is not significant. The overall market has a strong wait-and-see attitude, cautious operations, smooth overall market shipments, normal downstream shipments, and smooth logistics. Most of the shipments are based on cooperative orders, with limited new orders and sufficient market supply without pressure. It is expected to maintain a strong trend in the short term, with limited new customer orders.
Downstream: Currently, downstream demand is average and the market is running steadily. The cyclohexanone plant is producing normally, but the supply in Inner Mongolia has decreased, with limited room for growth. The overall market purchasing enthusiasm is not good, and the sentiment is low. The cyclohexanone market in South China is consolidating and operating, and downstream purchases are made according to demand, resulting in stable spot supply in the market.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the current demand in the cyclohexane market is average, downstream demand is weak, upstream cost support is poor, and the driving force for price increases is insufficient. It is expected that the cyclohexane market will remain stable in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the aniline market is temporarily stable this week. On August 18th, the market price of aniline was 7550 yuan/ton, and on August 22nd it was 7550 yuan/ton. There was no increase or decrease during the week, a decrease of 27.09% compared to the same period last year.
2、 Analysis and Review
This week, there was a stalemate in the sorting and operation of aniline in Shandong. Aniline companies face significant inventory pressure, with downstream demand being the main factor and small order transactions being the main focus. The raw material pure benzene is operating with a narrow range of fluctuations, and the cost support is still acceptable. However, the market lacks favorable support, and the aniline market is consolidating and running.
Cost wise: Pure benzene has fluctuated slightly this week. As the end of the month approaches, downstream procurement is coming to an end, and the pressure on intermediaries to ship is increasing, resulting in a downward shift in the focus of transactions. Overall, with the increase in import volume and the production of new production capacity, the demand side is struggling to keep up, and the fundamentals are weak, resulting in a sluggish rise in the pure benzene market.
3、 Future expectations
Currently, the inventory of aniline enterprises is not smooth, and the focus of transactions has loosened. It is expected that the aniline market will operate weakly in the short term.

Recently, the acrylic acid market has shown an overall trend of range consolidation, with the game between supply and demand becoming the core factor driving price trends. As of August 18th, the benchmark price of acrylic acid in Shengyi Society was 6200.00 yuan/ton, a decrease of 6.77% compared to the beginning of this month (6650.00 yuan/ton).

Supply side:
From the supply side, some production facilities entered the maintenance phase in August, but at the same time, other enterprises have made up for the gap by increasing production load. The overall operating rate of the industry has remained at a level of 70% -80%, and there has been no significant fluctuation in market supply. In terms of inventory, as most companies adopt a strategy of production based on sales, social inventory has not significantly accumulated, and some manufacturers still maintain a strong willingness to raise prices. However, imported goods from Southeast Asia and other regions have gradually arrived at the port, supplementing the market supply to a certain extent and limiting the room for price increases.
Demand side:
The demand side performance is relatively flat, and downstream industry procurement is mainly based on rigid demand, lacking strong incremental support. Specifically, the demand for acrylic products such as adhesives and coatings has been affected by the slow recovery of the real estate and infrastructure industries, resulting in a relatively weak performance; The field of superabsorbent resin (SAP) has performed well due to stable demand for hygiene products, but export orders have limited growth due to the sluggish overseas economy; The demand for textile auxiliaries and other application fields also lacks highlights. Downstream enterprises have a low acceptance of high priced goods, and their purchasing mentality is cautious. Market transactions are mainly small and medium-sized orders, making it difficult to drive prices up significantly.
In terms of cost, the ex factory price in East China remains around 6000-6200 yuan/ton, which can still provide cost support for acrylic acid. However, due to the significant drop in the price of acrylic acid (the mainstream price in East China is about 7800-8000 yuan/ton) compared to the beginning of the year, the profit margin of non integrated production enterprises has been compressed to near the cost line, and the space for further price reduction is relatively limited, which also makes the market bottom support relatively stable.
Affected by the unexpected parking of the main PDH, triggering a strong rebound in propylene prices. Recently, the northern propylene market was disrupted by the parking news of a 750000 ton/year PDH plant, breaking the regional supply-demand balance pattern. The mainstream price in Shandong rebounded from 6300 yuan/ton to a high of 6565 yuan/ton, up 265 yuan (+4.20%) month on month, marking the largest weekly increase in recent times. As of August 18th, the benchmark price of propylene in Shengyi Society was 6570.75 yuan/ton, an increase of 2.14% compared to the beginning of this month (6433.25 yuan/ton). The current upward trend is dominated by sudden supply contraction, but downstream resistance and potential supply growth will constrain the upward space, and the combination of long and short factors will put significant pressure on the upper side.

Looking ahead to the future, the acrylic acid market may continue to maintain a range consolidation pattern in the short term, driven by both upward and downward factors. If the infrastructure stimulus policies are intensified or overseas demand rebounds in the second half of the year, there may be marginal improvement in the demand side of acrylic acid, which will drive up prices slightly; If the new production capacity is put into operation as scheduled or downstream demand continues to be sluggish, the market may face certain downward pressure. In addition, fluctuations in raw material propylene and energy prices, adjustments in manufacturers’ inventory strategies, and speculative sentiment among traders will also have a significant impact on market trends. Overall, in the absence of a clear unilateral driving force, the price of acrylic acid is expected to fluctuate within the range of 6000-6400 yuan/ton.

This week, the domestic fluorite price trend has risen. As of the weekend, the average domestic fluorite price was 3168.75 yuan/ton, an increase of 0.40% from the beginning of the week price of 3156.25 yuan/ton, and a year-on-year decrease of 8.48%.

Supply side: The mine is operating normally, and the supply of fluorite is normal
The current situation of the game in the domestic fluorite industry still exists, and 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. However, with the rise of temperature, northern enterprises are operating normally, and the supply of fluorite enterprises in the field has not changed much. Some fluorite manufacturers have appropriate inventory, and fluorite mining enterprises are raising prices and holding up shipments, resulting in a rise in the fluorite market.
Demand side: Low price of hydrofluoric acid, acceptable refrigerant market
This week, the domestic price of hydrofluoric acid remained low, and the mainstream price for hydrofluoric acid in various regions of China was negotiated at 9800-10300 yuan/ton. The downstream hydrofluoric acid equipment is still in shutdown, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and the overall production of hydrofluoric acid remains at more than 50%. Fluorine enterprises maintain essential orders, and hydrofluoric acid enterprises are in a loss making state. They are not actively purchasing raw fluorite, and downstream merchants have a strong wait-and-see attitude. Both buyers and sellers have weak expectations for the future market due to poor demand digestion. The price increase of fluorite is not significant due to this news.
The downstream refrigerant market is on the rise, and the refrigerant industry is making efforts in terminal policies. 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 purchasing at high prices is relatively slow, but the industry’s inventory is transmitted in a positive and orderly manner, and upstream products are mainly purchased on demand. The trend of refrigerant market has increased, and the fluorite market has risen.
In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF、 Graphite negative electrodes, photovoltaic panels, etc., have received certain support in the application of fluorite due to the demand for new energy and semiconductors.
Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production for safety inspections. The tight supply of fluorite mines is a positive support for the fluorite market, and the mentality of buying up rather than buying down is obvious; However, hydrofluoric acid enterprises mainly purchase according to demand, and there is no actual increase in demand. In addition, the hydrofluoric acid market remains low, and both long and short factors jointly affect it. Overall, the price of fluorite market is prone to rise but difficult to fall in the short term.

Entering August, it is expected that the production will decrease by about 2900 tons to about 12300 tons, a decrease of about 19% compared to the previous month. Currently, the daily production of MIBK in China is about 380 tons, and the operating rate is around 50%. Due to the parking of production enterprises, it is expected that the industry’s production capacity and operating rate will significantly decline in August.
Business Society predicts that the downstream anti-aging industry will continue to operate weakly, while the supply side will be tight. In the future, with the peak season and the approaching Golden September, downstream demand will rebound, and the market will maintain stable operation in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has been operating weakly this week. From August 4th to August 11th, 2025, the price of mixed xylene has decreased from 6070 yuan/ton to 5880 yuan/ton, a decrease of 3.13%. The overall domestic mixed xylene market has declined this cycle, and the overall crude oil market has weakened during the week, dragging down the mentality of the spot market. The Shandong region has been affected by low downstream purchasing intentions this week, resulting in a continuous decrease in ex factory prices. During the week, the supply in East and South China was relatively loose, downstream demand was weak, and overall market prices declined.

Cost wise: As of the 8th, the settlement price of the September WTI crude oil futures contract in the United States was $63.88 per barrel. The settlement price of Brent crude oil futures for October contract is $66.59 per barrel. The negative factors in the crude oil market, on the one hand, OPEC+announced a cumulative production increase of 2.3 million barrels per day by September, marking the organization’s exit from the plan to reduce production by over 2.2 million barrels per day one year ahead of schedule, which is bearish for the oil market. On the other hand, the geopolitical situation in the Middle East is affecting the oil market, and global macro data is bearish. Coupled with the fundamental impact of the upcoming off-season for US summer demand, crude oil market prices will continue to be under pressure.
Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of August 11th, East China Company quoted 5950 yuan/ton, North China Company quoted 5750-5950 yuan/ton, South China Company quoted 5900-5950 yuan/ton, and Central China Company quoted 5700-5850 yuan/ton.
Demand side:
On August 11th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. The price remains unchanged compared to August 4th. As of August 8th, the closing prices of the xylene market in Asia were $814-816/ton FOB Korea and $839-841/ton CFR China, a decrease of $20/ton from August 1st.
Market forecast: In terms of supply, some facilities in Shandong will be shut down while others will be put into operation. Currently, the supply in the region is relatively loose. The demand side oil adjustment industry has performed well recently, but there is a urgent need to replenish inventory. The purchasing intention of the chemical industry has been relatively low recently, and it entered the market at a low price. Overall, the demand side is still biased towards rigid demand. The overall supply-demand situation is slightly bearish, and it is expected that the xylene market will remain stable with weak performance in the short term.

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 13640 yuan/ton, and the market price on Friday was 13480 yuan/ton. The price has been reduced by 1.17%.
2、 Market analysis
This week, the domestic titanium dioxide market prices have been lowered. This week, the domestic titanium dioxide market is still poor. During the off-season, enterprise costs are under pressure, inventory pressure is high, downstream demand is light, terminal stocking is still cautious, and new orders are limited. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 12900-13800 yuan/ton; The price of the titanium type is around 11600-11900 yuan/ton, and 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, with rigid demand as the main factor. On site inventory is under pressure, and there is significant pressure on enterprise shipments. It is expected that the titanium dioxide market will remain weak and stable in the short term, with actual transaction prices subject to negotiation.

The demand for hydrofluoric acid in the market was weak in July, and the price trend declined. The operating rate of the domestic hydrogen fluoride market in July was 50.6%, a decrease of 3.1 percentage points from June. According to the analysis system of Shengyi Society, as of July 31st, the benchmark price of hydrofluoric acid in Shengyi Society was 10800 yuan/ton, a decrease of -2.99% compared to June.

On the raw material side, domestic fluorite prices continued to decline in July. As of July 30th, the benchmark price of fluorite in Shengyi Society was 3137.50 yuan/ton, a decrease of 1.38% compared to the beginning of this month (3181.25 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. However, as the temperature rises, northern enterprises gradually start operating, and the supply of fluorite enterprises on site has increased, with sufficient inventory. The price center of fluorite market has decreased, and the cost support of hydrofluoric acid is weak, resulting in a decline in hydrofluoric acid prices in July.
On the demand side: Although the downstream refrigerant market is in the traditional peak season, due to weak terminal demand and low stocking enthusiasm, upstream products are mainly purchased on demand, and there is a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses. The demand for downstream refrigerants is average, and the market price of hydrofluoric acid continues to decline.
Market forecast: The domestic fluorite price trend will continue to decline in July, with weak downstream terminal demand and no favorable supply and demand support, resulting in poor market trading. It is expected that the market price of anhydrous hydrogen fluoride will continue to decline in August, with a downward range of around 200 yuan/ton. More attention should be paid to the news of leading enterprises and market supply and demand situation.

According to the Commodity Market Analysis System of Shengyi Society, the domestic BDO market has fallen. From July 1st to 31st, BDO prices fell from 8735 yuan/ton to 8400 yuan/ton, with a price drop of 3.84% during the period and a year-on-year price drop of 5.92%.

At the beginning of the month, the domestic BDO market remained stagnant after rising. Restarting production capacity exceeds maintenance capacity, resulting in a significant increase in supply and weakened supply side support; However, the demand in downstream industries has decreased, and the supply is significantly greater than the demand, exacerbating the wait-and-see sentiment in the market.
In the first half of the month, the supply remained abundant. The demand in downstream industries has increased, but the supply is still higher than the demand, and the pressure of supply and demand has intensified. Industry players have a strong wait-and-see attitude, and spot trading is limited. The supply-demand negotiation game has resulted in a relatively stable focus in the domestic BDO market.
In mid month, some devices were restarted and the supply increased. However, the main downstream industries have experienced a decline in production, resulting in a reduction in raw material digestion and an increase in supply and demand pressure. As a result, the domestic BDO market atmosphere is relatively weak.
As the end of the month approaches, the domestic supply of BDO has increased. However, the main downstream industries have experienced a decline in production, and the amount of raw materials digested continues to decrease. The contradiction between supply and demand has intensified, and traders are holding a selling and shipping mentality, dragging the market center of gravity down continuously.
Supply side: The industry’s supply continues to increase, but there is no positive support from the supply side. BDO supply and sales are affected by negative factors.
On the cost side, raw material calcium carbide: the domestic calcium carbide market is stable with small fluctuations. The unstable market operation has led to a reduction in supply, but the temporary recovery of demand has accelerated the consumption of waiting vehicles in the market. Raw material methanol: The domestic methanol market has rebounded, and as of 10:00 am on July 31st, the reference price for domestic methanol in Taicang is 2410 yuan/ton. The fluctuation and consolidation of raw materials such as calcium carbide and methanol have a mixed impact on the cost of BDO.
On the demand side, the downstream PTMEG, GBL-NMP, PBAT industries have seen a decrease in load, while PBT, TPU and other industries have seen an increase in production. However, the overall production on the demand side has declined, leading to a continued reduction in raw material digestion and exacerbating the imbalance between supply and demand structure in the industry. In addition, under the traditional off-season effect, terminal demand is light, and under the pressure of supply and demand, some downstream industries such as THF, PBT, GBL-NMP, and spandex have seen a decline in market prices, resulting in a compression of profit margins and severe pressure on raw material prices. The demand side of BDO is affected by bearish factors.
The future forecast shows that supply will still be significantly higher than demand, and the imbalance between supply and demand will intensify. Moreover, downstream industries are experiencing losses, resulting in severe pressure on raw material prices. The market lacks favorable support. Business analyst BDO predicts that the domestic BDO market may continue to weaken.