According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has fluctuated downward this week. From July 14 to July 21, 2025, the price of mixed xylene has decreased from 6050 yuan/ton to 5960 yuan/ton, a decrease of 1.49%. The domestic xylene market has rebounded slightly after an overall decline in this cycle, and the overall trend is weak. The decline in crude oil prices during the cycle has dragged down market sentiment. Downstream demand in Shandong region is relatively weak, and although refineries have voluntarily lowered their quotations, transactions are still limited. As downstream PX companies enter the market to replenish inventory, the market has slightly rebounded. The East China region continued to operate weakly this week, with low inventory levels. With the reduction of refinery listing prices and market downturn in southern China, downstream demand tends to be more rigid.

On the cost side: During this cycle, crude oil prices have fluctuated at a low level. On the one hand, OPEC+is likely to maintain a significant increase in production in August and September, and the tension in the Middle East has eased compared to before. As a result of this news, the international oil market trend has declined; On the other hand, the market’s concerns about the US tariff negotiations have eased to some extent, and major institutions have a pessimistic view of the demand outlook. The demand side may be difficult to change, and the crude oil market remains weak. As of July 18th, international crude oil futures closed down. The settlement price of the September WTI crude oil futures contract in the United States is $66.05 per barrel. The settlement price of Brent crude oil futures for September is $69.28 per barrel.
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 July 14th, East China Company quoted 6150 yuan/ton, North China Company quoted 5750-5950 yuan/ton, South China Company quoted 6200-6250 yuan/ton, and Central China Company quoted 5700-5900 yuan/ton.
Demand side:
On July 21st, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7250 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 July 14th. As of July 18th, the closing prices of the xylene market in Asia were $814-816/ton FOB Korea and $839-841/ton CFR China, an increase of $3/ton from July 11th.
Market forecast: The recent weak trend of crude oil prices has dragged down market sentiment. From the supply side, the recent arrival situation at the port is not good, and the market supply is tight, which will provide a certain boost to the market in the short term. On the demand side, the downstream chemical and oil blending sectors have shown weak performance, with limited support for replenishing essential inventory. Supported by favorable supply side conditions, it is expected that the market will rebound slightly in the short term, but without demand support, the upward space is expected to be limited.

According to the commodity analysis system of Shengyi Society, the styrene market fluctuated and fell this week, with an average price of 7936 yuan/ton at the beginning of the week and 7846 yuan/ton over the weekend, a 1.13% decrease during the week.

On July 17th, international crude oil futures rose. The settlement price of the August WTI crude oil futures contract in the United States was $67.54 per barrel, an increase of $1.16 or 1.7%. The settlement price of Brent crude oil futures for September was $69.52 per barrel, an increase of $1.00 or 1.5%.
Cost aspect: In terms of crude oil news game, the price of pure benzene fell more or increased less during the week, and coupled with weak downstream demand for pure benzene, the price of pure benzene fell during the week. Continue to monitor crude oil, external market trends, and production and sales dynamics.
Supply and demand side: The styrene plant has experienced a decrease in load and short shutdowns, resulting in a reduction in the supply side, but port inventory continues to increase. In terms of demand, downstream 3S is in a low season of demand, with urgent procurement and insufficient support for styrene.
Styrene external market: On July 17th, the closing price of the styrene market in Asia fell by $5/ton, with closing prices of $885-895/ton FOB Korea and $895-905/ton CFR China..
Market forecast: The current fundamentals of the styrene market are weak and difficult to change, with some downstream losses expanding and the pressure of high finished product inventories continuing to reduce production. The supply and demand expectations for styrene are weak, and it is expected that the styrene market will operate weakly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market fluctuated and fell this week. From July 7th to July 14th, the domestic butadiene market price increased from 8600 yuan/ton to 9166 yuan/ton, with a price increase of 6.59% during the cycle. The domestic butadiene market has fluctuated upward in this cycle, with low port inventory and slightly tight supply in recent times. With the increase in auction premium transactions of main refineries, the mentality of the spot market has strengthened, driving market quotations to rise all the way. From the demand side, downstream companies have shown good intentions to replenish inventory in the near future, which provides some support for market sentiment. As of July 14th, the self pickup price in East China is around 9100 yuan/ton.

Cost aspect: The international crude oil market has mainly fluctuated within the range of this cycle, with frequent fluctuations and limited impact on downstream markets. Market influencing factors have returned to the supply and demand side. As of July 11th, the settlement price of the August contract for WTI crude oil futures in the United States was $68.45 per barrel. The settlement price of Brent crude oil futures for September is $70.36 per barrel.
Supply side: The listed price of butadiene for various sales companies of Sinopec is 9200 yuan/ton, with an increase of 300 yuan/ton this week.
The 160000 tons/year butadiene unit of Fushun Petrochemical is operating normally and there are no plans for export at the moment.
Demand side: According to the commodity market analysis system of Shengyi Society, the market price of butadiene rubber has slightly increased recently. As of July 11th, the price of Shunding rubber by PetroChina East China Sales Company has been raised by 300 yuan/ton: Dushanzi Shunding reported 11700 yuan/ton, Daqing Shunding reported 11700 yuan/ton, Sichuan Shunding reported 11700 yuan/ton, and the East China warehouse has raised prices.
Market forecast: The recent crude oil trend has been volatile, with insufficient guidance for the butadiene market and minimal impact. This week’s trend is mainly influenced by supply and demand. From the supply side perspective, some domestic facilities have undergone maintenance, and there have been few recent ship arrivals, leading to slightly tight market expectations for supply. On the demand side, the overall downstream demand tends to be rigid, and downstream consumers have a strong resistance to high priced raw materials. Overall, it is expected that the butadiene market will continue to face significant upward resistance, with a mainly range oscillation trend.

In July, the domestic phenol market generally declined. According to data monitored by Business Society, the domestic phenol market price was 6680 yuan/ton on July 1st and 6605 yuan/ton on July 11th, a decrease of 1.12%.
Phenol spot is abundant, and traders held steady at the beginning of the month. Subsequently, as the industry chain fell, the market also declined, and terminal demand was cautious. With the market downturn, considering the slightly higher average price and stronger trend in raw materials, the downward trend slowed down in the middle of this week and gradually bottomed out. Terminal demand followed suit, and the market rebounded slightly.

In terms of ports, on the 11th, the total amount of phenol in East China was 22000 tons, including 10000 tons in transit. The operating rate of phenol ketone enterprises has decreased during the week, and the Dalian Hengli phenol ketone plant has reduced its load.
On July 11th, Sinopec East China listed at a price of 6650 yuan/ton.
As of the 11th, the phenol offers in various mainstream markets across the country are as follows:
Region./11 day quotation /Rising and falling in the first ten days
East China region / 6550./ -50
Shandong region / 6600./ -150
Surrounding areas of Yanshan Mountain / 6650./ -100
South China region / 6600./ -150
Business Society expects limited growth in the phenol market next week. Next week, we will pay attention to the export progress of Zhenhai Refining and Chemical. The overall downstream demand is stable, but the cost may be weak, and the cost side support is limited.

According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has been strong and rising this week. As of July 4th, the average market price in East China was 11866 yuan/ton, and as of June 30th, the average price was 11733 yuan/ton, with a weekly increase of 1.14% and a year-on-year decrease of 16.43%.

This week, TDI market suppliers have a strong willingness to raise prices and actively promote price increases. The market supply is tight, and traders are reluctant to sell at low prices, with a focus on fast in and fast out. The news of major factories raising prices within the week has landed. Further boost market confidence. Downstream on-demand procurement creates a strong resistance to high prices, and under the supply-demand game, TDI remains strong and upward.
Supply side: The 300000 ton/year TDI plant in Fujian will undergo maintenance on June 5th, lasting for 45 days.
Cost wise: The price of toluene has decreased, with an average price of 6070 yuan/ton at the beginning of the week and 5732 yuan/ton over the weekend, a decrease of 5.45% during the week. The downstream procurement atmosphere is quiet, and oil prices have been weak and fluctuating recently, which has limited support for toluene.
In terms of future analysis, TDI data analysts from Shengyi Society believe that with the news of price increases from major companies, it is expected that trading prices will follow suit, and the TDI market is expected to operate strongly in the short term.

The price of plasticizer DOP fluctuated and consolidated in June

According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the DOP price was 8259.17 yuan/ton, fluctuating and consolidating compared to the June 1st DOP price of 8250.83 yuan/ton, with an increase of 0.10%. In June, DOP production decreased, and the operating rate of the plasticizer industry dropped below 60%. DOP prices remained stable at a high level, resulting in a decrease in plasticizer production. The price of raw material isooctanol fluctuated and stabilized, while phthalic anhydride prices fluctuated and fell. The cost support for plasticizers decreased, and plasticizer prices fluctuated and stabilized.
The price of raw material isooctanol fluctuated and consolidated in June
According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the price of isooctanol was 7550 yuan/ton, which has stabilized compared to the price of 7550 yuan/ton on June 1st. In June, the price of isooctanol fluctuated and consolidated. There were many inspections of isooctanol enterprises in June, resulting in a decrease in the operating rate of isooctanol equipment, a reduction in isooctanol production, and a decrease in isooctanol supply. The support for the rise of isooctanol still exists, and the price of isooctanol fluctuated and consolidated.
The price of raw material phthalic anhydride fluctuated and fell in June
According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the price of phthalic anhydride in neighboring countries was 6883.33 yuan/ton, which fluctuated and fell by 0.96% compared to the price of phthalic anhydride at 6950 yuan/ton on June 1st. In June, the price of phthalic anhydride first fell and then rose, and the price of industrial naphthalene fluctuated and fell. The cost support for phthalic anhydride weakened. In June, phthalic anhydride equipment was briefly overhauled, and the operating rate of phthalic anhydride enterprises decreased to about 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market fluctuated and consolidated. The operating load of equipment for plasticizer enterprises decreased significantly, and the demand support for phthalic anhydride weakened. Due to sufficient supply and weak demand, the price of phthalic anhydride fluctuated and fell in June.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and stabilized, while the price of phthalic anhydride has fluctuated and fallen, and the cost support of plasticizer DOP has decreased; On the supply side, plasticizer enterprises have seen a decrease in production, a reduction in plasticizer output, and a decrease in plasticizer supply. In the future, with weak supply and demand coupled with cost support, it is expected that the price of plasticizer DOP will fluctuate and stabilize.

The domestic bisphenol A market first rose and then fell, with price fluctuations in the East China region ranging from 8350-8500 yuan/ton.

At the beginning of the week, the bisphenol A market fluctuated and rose, with no inventory pressure on production enterprises in East China. However, the good times did not last long, the market fundamentals weakened, cost support was insufficient, downstream resin and PC replenishment enthusiasm decreased, inquiries became weak, and the pressure on traders to ship increased. In addition, Shandong’s 180000 tons/year sales officially started mid week, with an increase in supply and a clear bearish atmosphere on site. The focus of negotiations is mainly on a bearish trend.
The downstream epoxy resin market is running lightly, the market lacks information guidance, the factory listing price remains stable, the downstream just needs to follow up, and the turnover is very little. The mainstream negotiations of East China liquid resin and Mount Huangshan solid resin are both 13200-13600 yuan/ton, the spot market is weak, and the short-term confidence of the industry is obviously insufficient.
The supply side is expected to increase, the demand side is lukewarm, and the cost side phenol ketone market is also showing a continued downward trend. From the perspective of Business Society, the focus of the bisphenol A market is expected to continue to decline.

In June 2025, the market price of nylon filament stopped falling and rebounded. The supply pressure of nylon filament is still relatively high, and the overall demand is weak. Multi dimensional rigid demand procurement is held, and actual transactions are limited. In the absence of favorable supply and demand conditions, the price of nylon filament first fell and then rose under the short-term support of costs, but the price is still at a low level.

Nylon filament prices stop falling and rise again
According to the Commodity Market Analysis System of Shengyi Society, the monthly average price of nylon filament will stop falling and rise again in June 2025. As of June 30, 2025, DTY (premium product) of nylon filament in Jiangsu region; 70D/24F) quoted 14860 yuan/ton, an increase of 100 yuan/ton from the previous month, with a monthly increase of 0.68%; Nylon POY (premium product; 86D/24F) quoted a price of 12525 yuan/ton, an increase of 225 yuan/ton from the previous month, with a monthly increase of 1.83%; The price of nylon FDY (premium product: 40D/12F) is reported at 15450 yuan/ton, an increase of 50 yuan/ton from the previous month, with a monthly increase of 0.32%.
Short term support for raw material storage
In terms of cost: In June 2025, the spot market price of caprolactam was relatively strong, and the settlement price of Sinopec’s high-end caprolactam in June was 9720 yuan, an increase of 250 yuan/ton compared to the settlement price in May. The market price of nylon PA6 high-speed spinning low viscosity semi gloss shows a trend of “falling rising falling”. As of June 27, 2025, the benchmark price of caprolactam in Shengyi Society was 9423 yuan/ton, with a strong upward trend and a monthly increase of 2.54%. During the month, the market price of high-speed spun nylon PA6 slices slightly increased, with a monthly increase of 2.51%, mainly due to strong cost support.
High supply pressure and weak demand
The production of nylon increased month on month, and coupled with poor transactions, the inventory pressure of nylon factories has not decreased. Downstream orders continue to be low, fabric inventory levels are high, coupled with low profits, slow payment collection, and tight funds, resulting in low enthusiasm for weaving enterprises to start production, only maintaining essential production, and poor shipments from nylon factories.
Future forecast
In July, the cost performance of the nylon industry chain was bearish, with weakened support for the cost of raw material caprolactam, and slow digestion of downstream nylon PA6 social inventory. Therefore, caution was exercised in the purchase of caprolactam, and there was no positive news for both upstream and downstream. Prices may decline, and costs may be transmitted downwards. The price of the nylon industry chain may show a downward trend.
On the supply side, some manufacturers have plans to start production next month, and some may increase production. In addition, demand may be weak, so it is expected that the inventory pressure of nylon factories will not be alleviated. On the demand side, downstream weaving enterprises are in the off-season for domestic sales orders production; Overall, it is expected that the cost side will be relatively low, supply pressure will be high, and downstream weaving enterprises will maintain rigid demand production. Demand will still be weak. Overall, the positive news is insufficient, and analysts from Shengyi Society predict that nylon prices may be under pressure and decline next month.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid in East China remained stable on June 25th, with a market average price of 2573.33 yuan/ton, unchanged from yesterday’s price and a decrease of 4.69% compared to the beginning of the month. The domestic acetic acid market is stable with small fluctuations, with stable prices in East China and an increase in market prices in South China. The acetic acid plant on the supply side is running smoothly, with a high capacity utilization rate. Downstream demand sentiment is mixed, and companies mainly ship according to demand. The market mentality is wait-and-see, and the price of acetic acid is running steadily.
The price of upstream raw material methanol has fallen. On June 25th, the average price in the domestic market was 2646.67 yuan/ton, a decrease of 0.38% compared to yesterday’s price of 2656.67 yuan/ton. The downstream of methanol has a general acceptance of high prices, and the mentality of industry players is poor. Methanol prices continue to decline, while external prices have fallen, suppressing spot prices and causing a weak downward trend in the methanol market.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate is relatively high, and enterprises maintain active shipment as the main factor. Downstream companies follow up as needed, and the trading atmosphere on the market is still acceptable. The market supply and demand game is expected, and the acetic acid market is expected to operate in a wait-and-see manner. The future market will pay attention to downstream follow-up.

According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has shown an overall upward trend this week. From June 16 to June 23, 2025, the price of mixed xylene has increased from 6030 yuan/ton to 6310 yuan/ton, an increase of 4.64%. This cycle, markets in various regions have been on the rise. From the perspective of Shandong region, there have been more pre-sales this week. The supply in the region is tight, and downstream oil and chemical industries are actively entering the market for inquiries. Local refineries have good inquiries, and market prices have been on the rise. The increase in quotes from major refineries in South China this week has boosted the atmosphere of the spot market, while the rise in crude oil prices has boosted market sentiment, resulting in a slight increase in market prices during the week. The overall inventory of ports in East China has declined, and spot market prices have slightly increased.

On the cost side, the overall crude oil market price closed higher, with the settlement price of the July WTI crude oil futures contract in the United States at $74.93 per barrel as of June 20th. The settlement price of Brent crude oil futures for August contract is $77.01 per barrel. On the one hand, the escalating tensions in the Middle East have led to a tight supply of crude oil and a significant rise in the international oil market; On the other hand, the trade negotiations between China and the United States have made good progress, and coupled with the unexpected decline in US crude oil inventories, favorable factors have supported the international oil market, with the crude oil market mainly rising.
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 June 23rd, East China Company quoted 6300 yuan/ton, North China Company quoted 6000-6200 yuan/ton, South China Company quoted 6300-6450 yuan/ton, and Central China Company quoted 6400-6500 yuan/ton.
Demand side:
On June 23rd, 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. Compared to June 16th, it remains unchanged. As of June 20th, the closing prices of the xylene market in Asia were 873-875 US dollars/ton FOB Korea and 898-900 US dollars/ton CFR China, an increase of 44 US dollars/ton from June 13th.
Market forecast: The overall macro trend is relatively strong in the near future, with a significant increase in crude oil prices and an overall strengthening of fundamentals. From the perspective of supply and demand, there have been many pre-sales in Shandong recently, and port inventory is also low, resulting in an overall tight supply situation. From the demand side, downstream procurement intentions tend to be more rigid. Under the influence of tight supply and macroeconomic improvement, it is expected that the xylene market will continue to maintain a stable, moderate, and strong trend in the short term.