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.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been consolidating this week. The average market price at the beginning of the week was 25000 yuan/ton, and the average market price over the weekend was 25100 yuan/ton, with a price increase of 0.4%, which is 6.81% higher than the same period last year. On June 19th, the Business Society Bromine Index was 88.07, unchanged from yesterday, a decrease of 64.08% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 49.47% 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 remained stable, with a reference price of 25000-26500 yuan/ton for spot bromine production in Shandong region. The temperature has risen this week, and domestic bromine enterprises have started working steadily. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, domestic sulfur prices have been rising, with an average market price of 2257.67 yuan/ton at the beginning of the week and 2327.67 yuan/ton at the end of the week. The price has increased by 3.1%, which is 104.78% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are expected to remain stable. Bromine prices are expected to remain stable this week, while downstream purchases will be made as needed. Bromine enterprises focus on stabilizing prices. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of June 17th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6710 yuan/ton, which is 0.74% lower than the reference average price of 6760 yuan/ton on June 11th.
2、 Market analysis
Market Aspects
This week, there was a slight adjustment in the domestic phosphoric acid market price. As of June 17th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6450-6900 yuan/ton, in Yunnan region it is around 6500 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 6550-7300 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. This week, some yellow phosphorus plants have restarted, leading to an increase in market supply. Downstream replenishment is gradually increasing, leading to an increase in procurement demand and a rise in the transaction price of yellow phosphorus in the market.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been operating in a narrow range recently. The bearish sentiment in the raw material yellow phosphorus market remains, with weak demand in the phosphoric acid market and limited new orders in the market. It is expected that in the short term, the domestic phosphoric acid market prices will experience slight fluctuations and consolidation.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene has risen significantly this week. On Monday, the price of pure benzene was 5955.33 yuan/ton, and on Friday, it was 6452 yuan/ton, with a price increase of 8.34% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene has risen significantly this week. Due to the escalating tensions in the Middle East this week, oil prices have risen to a two month high, with pure benzene catching up significantly. Today, the price of pure benzene has risen by around 250-350 yuan/ton, and has been steadily rising since the opening. Large investors are cautious, and the overall trading atmosphere is good.
This week, Sinopec’s price has increased by 450 yuan/ton to 6300 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On June 12th, international crude oil futures closed down. The settlement price of the July WTI crude oil futures contract in the United States was $68.04 per barrel, a decrease of $0.11 or 0.2%. The settlement price of Brent crude oil futures for August was $69.06 per barrel, a decrease of $0.41 or 0.6%.
Pure benzene overseas: FOB Korea rose $8 to $733/ton, CFR China rose $7 to $750/ton. FOB Rotterdam stable price of $710/ton, FOB US Gulf stable price of $265/gallon.
Overall forecast: In the short term, the pure benzene market is expected to strengthen and consolidate, with a wait-and-see attitude towards cost and demand news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of aniline has stopped falling and increased this week. On June 9th, the market price of aniline was 225 yuan/ton, and on June 13th it was 7325 yuan/ton, with a 1.38% increase during the period and a 39.8% decrease compared to the same period last year.
2、 Analysis and Review
This week, the aniline market in Shandong has been boosted by costs, with prices rising significantly and positively. During the week, crude oil rose strongly, driving the price of pure benzene to strengthen. Aniline’s low-priced delivery is smooth, with little inventory pressure. Driven by costs, the price of aniline has risen. Downstream demand is the main demand, and the buying potential is still acceptable.
Cost aspect: This week, pure benzene was driven by oil prices, with a strong upward trend in price. The average price at the beginning of the week was 5955 yuan/ton, and the average price over the weekend was 6170 yuan/ton, with a 3.55% increase during the cycle.
3、 Future expectations
The current trading atmosphere for aniline is still good. With the sharp rise in crude oil prices on Friday and the boost from the cost side, it is expected that the aniline market will operate strongly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, from June 2nd to 6th, the domestic ethanol price rose to 5447 yuan/ton, with a month on month increase of 3.49% and a year-on-year decrease of 9.51%. Domestic ethanol market prices remain stable and organized. Most regions have stable quotes from enterprises, with a focus on first-time transactions.

In terms of cost, the market corn prices continue to operate steadily. There has been no significant change in the quotations of port traders, and the new season wheat continues to be listed. Enterprises are paying more attention to the price of wheat, and wheat and corn are basically priced the same in some feed factories. The substitution advantage of wheat is significant. The cost of ethanol is influenced by bearish factors.
There are unlikely to be significant favorable factors in the supply of ethanol.
On the demand side, from the demand side, the demand for Baijiu fluctuates little, and the downstream stock of chemical industry needs to be replenished. The short-term demand for ethanol has a moderate impact.
In the future forecast, the market supply will increase due to the recovery of Hongzhan Jixian equipment, and the supply of fermented ethanol will increase, while the demand will basically maintain basic demand. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of May 31st, the average production price of ethyl acetate was 5456.67 yuan/ton, a decrease of 60 yuan/ton compared to the beginning of the month price of 5516.67 yuan/ton, with an overall decline of 1.09%. The main reason for the weak downstream demand, hindered enterprise shipments, limited raw material support, and lack of market benefits has led to a weak downward adjustment in the price of ethyl acetate.

Market analysis: This month, the ethyl acetate market has been weak and volatile. After the holiday, the price of ethyl acetate decreased significantly, mainly due to the decline in raw material acetic acid prices, negative cost factors, and weak downstream demand for ethyl acetate. Under the guidance of news, the price of ethyl acetate fell; In the second half of the year, the price of ethyl acetate fluctuated. Although the upstream market rose and the cost side was supported, the demand enthusiasm was not high, market trading was poor, and the mentality of the industry was conflicted. The price of ethyl acetate fluctuated slightly.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of May 31st, the price was 2700 yuan/ton, which is the same as the acetic acid price of 2700 yuan/ton at the beginning of the month. The price range of acetic acid fluctuates, the cost support of ethyl acetate is limited, the profit of ethyl acetate is low, the pressure on enterprise shipments is high, and the market transaction center continues to decline.
Looking at the future market, the ethyl acetate market is currently operating weakly and steadily, with downstream observation being the main focus. Market transactions are limited, supply side supply volume is increasing, sales pressure is increasing, and there is a lack of favorable market conditions. It is expected that the price of ethyl acetate will continue to operate weakly in the future, and specific attention will be paid to changes in supplier equipment and downstream follow-up.

In May, domestic liquid ammonia continued to decline, with a slight slowdown in the decline compared to the previous month. According to the Commodity Market Analysis System of Shengyi Society, the decline in liquid ammonia in Shandong Province in May was 5.88%. As of the end of the month, the mainstream price of liquid ammonia in Shandong region is between 2200-2350 yuan/ton.

The dual high supply pressure of internal and external sources of goods is increasing and decreasing
From a supply side perspective, the supply-demand structure continues to be in an oversupply situation. As we enter May, the operating rate continues to increase. Previously, maintenance companies have resumed work one after another, coupled with an increase in ammonia conversion capacity. The inventory pressure of enterprises is high, and in order to alleviate the pressure, factory prices continue to be lowered. Furthermore, the import volume has continued to increase compared to April, with low-priced foreign sources impacting the domestic market. Supply is in an oversupply situation. During the month, major factories in Shandong have repeatedly lowered the ex factory price of liquid ammonia, with a range of 200-300 yuan/ton. From the demand side perspective, in the traditional off-season, downstream industries such as urea and compound fertilizers lack support, and industrial demand remains rigid with little fluctuation. Downstream weakness has further exacerbated the supply-demand imbalance.
The cooling of the industrial chain is mainly due to the weakness of the upstream and downstream
From the perspective of the liquid ammonia industry chain chart, the performance of the upstream and downstream environment of liquid ammonia is weak, and the upstream natural gas continues to be weak, with a monthly decline of 4.26%. Especially in the downstream sector, it is still generally cold, with more declines and less gains. Formic acid has the largest decline, at 21.05%, while urea is still lukewarm. This is mainly reflected in weak downstream demand and the off-season in agriculture. Currently, the increase in compound fertilizer production has not met market expectations. The terminal production in the industrial demand field is also showing a downward trend. The market is generally dominated by rigid demand, and the demand side is restricting the ammonia market from getting out of the slump.
From the perspective of urea, the urea market has been sluggish. According to Shengyi Society, urea slightly rebounded in May, with a growth rate of 0.91%. The rebound in urea prices is mainly due to the increase in the amount of ammonia converted by enterprises, which further exacerbates the contradiction of excess liquid ammonia. Downstream procurement has not significantly increased, and the market performance has remained calm.
Market forecast:
Business analysts believe that from a supply side perspective, the market supply and demand pressure will not decrease next month, and the impact will tend to weaken as the equipment will be on and off. The mentality of enterprises to raise prices may be reflected, and the downward space in the later stage may be compressed. In addition, there may be an increase in ammonia conversion enterprises in the later stage, and there is a trend of increasing ammonia production. The supply and demand pressure in June should not be underestimated.
On the demand side, in the short term, demand remains stable, and expectations for the later period may be weak. On the one hand, during the agricultural off-season, trading is light. In addition, industrial demand remains dominated by rigid demand, and overall, downstream liquid ammonia may continue to drag down its price recovery in the later stage.
Taking all factors into consideration, the price of liquid ammonia is expected to hover at a low level in the short term, and in the later stage of supply and demand competition, the ammonia market may enter a volatile range, further narrowing the range of price fluctuations. We need to pay attention to the manufacturer’s equipment start-up news in the later stage.

With the weakening of raw material support and weak demand, the price of polyester staple fiber began to decline in mid May. According to the Commodity Market Analysis System of Shengyi Society, as of May 30th, the average market price of domestic polyester staple fiber (1.4D * 38mm) was 6511 yuan/ton, a decrease of 3.21% from May 16th.

The cost side oil price support is limited, and crude oil prices continue to fluctuate narrowly. The market is waiting for the results of the OPEC+meeting. As of May 29th, the settlement price of the main WTI crude oil futures contract in the United States was $60.94 per barrel, and the settlement price of the August Brent crude oil futures contract was $63.35 per barrel.
In late May, PTA plants were gradually restarted, and Sichuan Energy Investment has already restarted. Taihua has some expectations of restarting, and overall production has increased. However, the maintenance plan for PTA in the later stage has not been clearly defined, coupled with strong production reduction sentiment from downstream polyester factories, the marginal weakening of PTA supply and demand has put significant pressure on prices.
At present, both domestic and foreign trade orders at the terminal are showing signs of weakness. As the Dragon Boat Festival holiday approaches, downstream expectations for the post holiday market are pessimistic, and the enthusiasm for receiving goods is not high. Yarn factories maintain their demand for essential purchases, and their willingness to stock up is not high. In terms of orders, most summer orders are nearing completion, and a small number of autumn and winter fabric orders have been placed. The export market remains uncertain due to trade frictions and other factors, resulting in overall weak demand performance.
Business analysts believe that in the short term, the fundamentals of polyester staple fibers are weak, and factories have a strong willingness to ship. June is the traditional off-season for the textile industry, with weak orders from downstream yarn mills and weaving factories. Weak demand is the main reason for suppressing the rise in short fiber prices. At the same time, it is still necessary to pay attention to the support brought by cost changes such as crude oil and PTA. Overall, it is expected that the prices of polyester staple fibers will experience weak fluctuations and adjustments in June.