1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6640 yuan/ton, which is 0.30% higher than the reference average price of 6620 yuan/ton on October 27th.
2、 Market analysis
Market aspect
This week, the domestic phosphoric acid market prices have slightly increased. As of October 31st, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6700 yuan/ton, in Yunnan region it is around 6400 yuan/ton, and in Sichuan region it is around 6250-6700 yuan/ton.
Cost aspect
In terms of raw material yellow phosphorus. This week, the market price of raw material yellow phosphorus has shown a strong upward trend. At present, it is difficult to find low prices in the yellow phosphorus market, and manufacturers mainly offer competitive prices. Downstream demand for replenishment has led to an increase in the transaction price of new orders in the market. Short term yellow phosphorus prices are expected to strengthen and consolidate.
3、 Future forecast
Business Society’s phosphate analyst believes that the recent rise in the phosphate market is the main trend. The price of raw material yellow phosphorus has increased, and cost support has increased. The market situation of phosphoric acid has followed the upward trend of raw materials. At present, the phosphate market has seen an increase in inquiries and stable trading on the exchange. It is expected that the domestic phosphoric acid market will strengthen and consolidate in the short term.

price trend

According to the bulk ranking data from Shengyi Society, the domestic PC market first rose and then fell in October. The spot prices of most brands have fluctuated, and by the end of the month, they have basically returned to the price level at the beginning of the month. As of October 31st, the mixed benchmark price of Business Society PC is around 14166.67 yuan/ton, with a price increase or decrease of -2.07% compared to early October.
Root cause analysis
On the supply side: In the first half of October, domestic PC aggregation enterprises experienced large and stable loads with small fluctuations, and maintenance releases were concentrated in the second half of the month. The industry’s operating rate has been reduced by 4% to 77%, with an average weekly output of around 65000 tons, a decrease from the beginning of the month. In terms of inventory, it remains strong, but the improvement in the pattern of abundant PC supply is limited. Overall, the PC supply side has strengthened its support for PC.
In terms of raw materials, it can be seen from the above chart that the bisphenol A market significantly declined in October. Upstream phenol fell and then consolidated, while acetone fell sharply and entered a recovery market, which is difficult to say for the bisphenol A market. In addition, the continuous weakness of bisphenol A consumption has led to a rapid decline in spot prices due to multiple factors. Although the domestic market atmosphere remained sluggish in the latter half of the year, spot prices fell to a low level, coupled with relatively controllable inventory, leading to increased price manipulation by enterprises and businesses, forming a bottoming force. It is expected that the price of bisphenol A will remain stable in the future, but the support for PC costs will still be weak.
On the demand side: October is still in the traditional peak season for PC, but the downstream factory load of the “Golden Ten” this year is not ideal, inventory digestion is slow, and stocking remains at a weak level of rigid demand. Although maintenance has stimulated some brands to rise, the improvement in market trading activity is limited. At the same time, external news indicates that the export market is volatile, and the overseas shipment of PC terminal products is under pressure and weakening. In the second half of the month, merchants tend to focus on selling goods to recoup funds, resulting in a concentration of profit taking orders and a stagnation and decline in the price center. Buyers are resistant to high priced goods, and once the demand for filling gaps is met, the circulation speed of market goods slows down again. Overall, the demand side lacks support for PC spot prices.
Future forecast
After the domestic PC market rose in October, it gave up. The upstream bisphenol A market plummeted and stopped falling at the end of the month, with no improvement in cost support for PC. The load of domestic PC aggregation plants will decrease in the second half of the year, and the market trading situation will remain weak. There is a game of supply and demand in the market, and it is expected that the PC market will continue to consolidate in the short term.

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda is weak this week. The average market price at the beginning of the week was 842 yuan/ton, and the average market price over the weekend was 838 yuan/ton, a decrease of 0.48% and a year-on-year decrease of 19.19%. On October 29th, the Business Social Chemical Index was 755 points, a decrease of 2 points from yesterday, a decrease of 46.07% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 26.25% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been running weakly this week. The price of caustic soda in Shandong region is around 750-880 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 890-1000 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 2700-2800 yuan/ton (converted to 100%). From the perspective of Shandong region, supply has increased, fundamentals have not improved, and prices have weakened and consolidated. Downstream alumina prices have recently fallen, causing pessimistic sentiment among distributors. Some companies are under significant operational pressure and are purchasing caustic soda as needed.
Business Society analysts believe that in recent times, the price of caustic soda has been weak in the operating market. Domestic downstream buyers have been purchasing according to demand, and caustic soda companies have loose supply. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, as of October 28th, the average market price of acetic acid was 2480 yuan/ton, a decrease of 120 yuan/ton or 4.62% compared to the price of 2600 yuan/ton on October 21st. The domestic acetic acid market continued to decline in the latter half of the year. The utilization rate of acetic acid production capacity has slightly increased, the inventory on the supply side has increased, the pressure on enterprise shipments has increased, and the downstream mentality of the demand side is more cautious. Purchasing in the market follows up on demand, and the market trading atmosphere is average. Enterprise inventory has accumulated, and the market sentiment is bearish. In order to promote shipments, the focus of acetic acid transactions has once again shifted downwards.
This week, the raw material methanol market fluctuated and fell. As of the 28th, the average price in the domestic market was 2205 yuan/ton, a decrease of 2.65% compared to the price of 2265 yuan/ton on October 21st. Downstream demand has decreased, and the enthusiasm for entering the market for procurement is not high. Methanol enterprises have sufficient inventory, and there is significant pressure on spot goods, resulting in a weak downward trend in the methanol market.
The downstream acetic anhydride market is weak and declining. From October 21st to 28th, the average ex factory price of acetic anhydride dropped from 4177.50 yuan/ton to 4107.50 yuan/ton, a decrease of 1.68%. The upstream acetic acid market continues to decline, and the mentality of the acetic anhydride market is weak. Downstream weakness follows demand, and market trading is limited. During the cycle, the price trend of acetic anhydride follows the downward trend of raw materials.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that domestic acetic acid companies will maintain active shipments, with downstream companies mainly following up on essential needs. The market consumption is insufficient, and acetic acid companies face significant pressure to ship. There is a lack of favorable market conditions, and it is expected that the acetic acid market will continue to consolidate weakly in the later stage. The market supply situation will be closely monitored in the future.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of October 24th, the reference average price of domestic urea market was 1597 yuan/ton, which is 1.27% higher than the reference average price of 1577 yuan/ton on October 20th.
2、 Market analysis
market situation
The domestic urea market prices have risen this week. This week, the urea futures market price rose, and the spot market followed the strong trend of the futures market. As of October 24th, the urea market prices in Shandong are around 1530-1600 yuan/ton, Hebei is around 1540-1600 yuan/ton, Henan is around 1510-1570 yuan/ton, Hubei is around 1590 yuan/ton, and Liaoning is around 1600 yuan/ton.
Supply and demand situation
This week, the supply and demand of the domestic urea market remained stable. In terms of supply, the daily production of urea is still high, and the market supply is sufficient. In terms of demand, the autumn fertilizer market is nearing its end, with weak market demand, and downstream replenishment is mainly based on demand.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market has been strong and rising recently. At present, the urea futures market is doing well, and winter storage demand has not yet been released, with the supply side still at a high level. It is expected that the short-term domestic urea price consolidation and operation will be the main focus.

After the National Day holiday, the domestic acetone market continued to decline, reaching a new low for the year. This week, the acetone market hit the bottom and rebounded slightly. The acetone market in East China reported an average price of 4120 yuan/ton from October 17th to 4230 yuan/ton on October 24th, an increase of 2.67%.
From the supply side, with the continuous decline of the market in the early stage, there was some release in the terminal market. At this time, Zhejiang Petrochemical released the news of the second phase equipment maintenance in November and December. Driven by this news, traders pushed up prices clearly, and the market quickly rose. At present, the listing prices of Sinopec East and North China have dropped to 4200 yuan/ton. In October, there were 33000 tons of acetone cargo in East China, and in November, the in transit source was 14500 yuan/ton.
From the demand side, the market price gradually fell to a low point in the early stage, and terminal factories and traders entered the market to replenish goods. There is an expectation of an increase in the operating rate of downstream bisphenol A plants, which will lead to an increase in demand for acetone; The operating loads of isopropanol, MMA, and MIBK have slightly changed, while the demand for acetone has not changed significantly. From a cost perspective, there has been a slight increase in both the supply and demand of raw material pure benzene, and the supply continues to be lower than demand. It is expected that the short-term price will strengthen and consolidate.

The acetone offers in major mainstream markets across the country on October 24th are as follows:
Region. Quotation on October 24th /Weekly increase and decrease
East China region / 4250./ 150
Shandong region / 4350./ 50
Yanshan region / 4300./ 50
South China region / 4350./ 100
Business Society predicts that the operating rate of domestic phenol ketone plants will remain at 78% in the near future, and the operating rate of downstream bisphenol A industry will decline from the demand side. It is expected that acetone will maintain a stable transition in the short term.

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.