At the beginning of the month, the domestic phenol market remained stable with small fluctuations. According to data monitored by Shengyi Society, from the perspective of the East China market, the domestic phenol market price was 6643 yuan/ton on August 1st, and 6603 yuan/ton on August 8th, a decrease of 40 yuan/ton or 0.6%. From the perspective of the national market, all major mainstream markets have experienced a slight decline to the same extent.

This week, the domestic phenol market remained stable with slight fluctuations, and the atmosphere was slightly weak. As of August 8th, the reference price in the East China market was between 6590-6620 yuan/ton. From the cost perspective of the week, the price trend of raw material pure benzene is relatively strong. Although there is support on the cost side, the intention of terminal procurement is weak, and there is a lot of pressure on traders to ship. However, considering the delay of domestic shipping due to the impact of the typhoon, traders have limited room to make concessions. Therefore, the domestic phenol market has shown a situation of large stability and small movements this week, and the trading atmosphere is light.
In terms of equipment, Shanghai Xisa has restarted, Dalian Hengli has increased its load, and Zhenhai Refining and Chemical has increased its supply.
As of August 8th, the phenol offers in mainstream markets across the country are as follows:
Region. Quotation on August 8th /Rise and fall from August 1st to 8th
East China region / 6610./ -30
Shandong region./6700./0
Surrounding areas of Yanshan Mountain / 6700./ -30
South China region/6650./0
Business Society expects that in terms of cost, the short-term expectation for pure benzene will be strong, and the cost will be supported. From a demand perspective, downstream demand for bisphenol A is expected to increase, while overall there is little fluctuation. From a supply perspective, the expected supply volume is expected to increase slightly. It is expected that phenol will experience slight fluctuations next week, with overall supply and demand remaining relatively stable. The phenol market price is expected to remain stable with small fluctuations.

According to the Commodity Market Analysis System of Shengyi Society, from July 28th to 31st (as of 15:00), the price of methanol in the East China port market in China first increased from 2394 yuan/ton and then fell to around 2380 yuan/ton. The price fell by 0.59% during the cycle, 5.99% month on month, and 5.18% year-on-year. The domestic methanol market is showing signs of recovery. Northwest olefin factories are increasing their external procurement volume, coupled with favorable effects such as ongoing maintenance of some facilities and low inventory levels in enterprises. Upstream companies are selling at high prices, while downstream companies are passively following suit.
As of the close on August 1st, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract 2509 for methanol futures opened at 2403 yuan/ton, with a highest price of 2417 yuan/ton and a lowest price of 2385 yuan/ton. It closed at 2393 yuan/ton in the closing session, a decrease of 19 yuan or 0.79% from the previous trading day’s settlement. The trading volume is 505219 lots, with a position of 533076 and a daily increase of -31338.
On the cost side, coal supply has slightly decreased but the impact is limited, demand release is slow, and cost support is weak and stable. The cost of methanol is influenced by negative factors.
On the demand side, glacial acetic acid: The market price of glacial acetic acid is fluctuating, with a price increase of 50 yuan/ton at the Northwest factory. Formaldehyde: The formaldehyde market continues to remain stable. The strength of raw material methanol has increased, resulting in higher costs. Dimethyl ether: The dimethyl ether market is running smoothly. Most downstream products have been affected by the rise in methanol prices, and the demand for methanol is biased towards favorable factors.
On the supply side, the overall recovery exceeds the loss, resulting in an increase in capacity utilization. Negative factors affecting the methanol supply side.
In terms of external markets, as of the close of July 30th, the CFR Southeast Asian methanol market closed at a price of 332.50-333.50 US dollars per ton. The closing price of the US Gulf methanol market was 95-96 cents/gallon, down 1 cent/gallon; The closing price of FOB Rotterdam methanol market is 245.5-246.5 euros/ton, up 7 euros/ton.
In the future market forecast, enterprises have a clear willingness to raise prices, but traditional downstream industries are resistant to continuous price increases, which to some extent suppresses the room for price increases. Business Society’s methanol analyst predicts that the domestic methanol spot market is expected to strengthen and consolidate.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market experienced a volatile decline in July 2025. From July 1st to 30th, the domestic toluene market price fell from 5820 yuan/ton to 5490 yuan/ton, with a price drop of 5.67% during the period.

Early October: The toluene market fluctuated and rose in this cycle, and the supply in Shandong region was tight this week. Some enterprises stopped work for maintenance, and the market supply was significantly tight. The downstream oil blending industry has a decent enthusiasm for entering the market, but overall demand tends to be rigid. The East and South China regions have been affected by port conditions this week, resulting in tight supply. Supported by favorable supply side conditions, the overall market price has risen.
Mid cycle: Markets in various regions have generally declined this cycle. Due to weak demand in Shandong, refineries have frequently lowered their prices, resulting in a significant decline in prices. Later on, as prices continue to decline, downstream companies will replenish their inventory at low prices, and the shipment situation will improve significantly. Oil adjustment companies have good demand, while other industries tend to have rigid demand. The East China region was boosted by low inventory, resulting in a slight decrease in prices. The inventory in southern China is low, but downstream demand is weak, resulting in a slight decline in prices.
Late: Late: 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. With downstream PX companies entering the market to replenish inventory, the market has slightly rebounded. The East China region still operates weakly, with low inventory levels. With the reduction of refinery listing prices and market downturn in southern China, downstream demand tends to be more rigid.
Cost wise: As of the 28th, the settlement price of the main contract for WTI crude oil futures in the United States was $66.71 per barrel, and the settlement price of the main contract for Brent crude oil futures was $70.04 per barrel. During this round of price adjustment cycle, crude oil prices have mainly fluctuated. On the one hand, OPEC+is likely to complete its 2.2 million barrels per day production increase plan before the end of September. In addition, with the trade agreement reached between the United States and Japan, the international oil market trend has fallen slightly due to this news; On the other hand, there are still concerns in the market about the tariff negotiations between the United States and Europe, as well as factors such as the Middle East issue and disturbances in the European situation, causing the crude oil market to maintain a volatile trend.
Supply side:
Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of July 30th, East China Company quoted 5500 yuan/ton, North China Company quoted 5500 yuan/ton, South China Company quoted 5750-5800 yuan/ton, and Central China Company quoted 5550 yuan/ton.
Demand side:
According to the Commodity Market Analysis System of Shengyi Society, as of July 31, 2025, the price of xylene sold by Sinopec Sales Company has temporarily stabilized, with a current price of 7250 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical, and other facilities are operating stably with normal sales, with a price reduction of 50 yuan/ton compared to June 29. As of July 30th, the closing prices of the xylene market in Asia were 841-843 US dollars/ton FOB Korea and 866-868 US dollars/ton CFR China, unchanged from June 27th.

Market forecast: The toluene market is mainly affected by supply and demand in the near future. Although some facilities have been restarted, most of them are for personal use and currently have no exports. There has been no significant change in the supply side recently. There has been no significant increase in demand recently, and the overall demand still leans towards rigid demand. Under the recent lack of significant changes in supply and demand, it is expected that the toluene market will mainly experience narrow range fluctuations, with limited room for both decline and rise. The focus will be on the trend of crude oil in the future.

According to the Commodity Market Analysis System of Shengyi Society, as of the 30th, the price of ethyl acetate was 5433.33 yuan/ton, an increase of 0.12% compared to the price of 5426.67 yuan/ton on July 23rd, and a decrease of 0.31% from the beginning of the month. The supplier’s inventory pressure is not high, and downstream market entry is mainly based on demand. The raw material market is supported by favorable conditions, and the quotation for ethyl acetate has been adjusted upwards.

The operation of domestic ethyl acetate plants is stable, and the overall market capacity utilization rate remains at a median level. Downstream purchasing enthusiasm is still acceptable, and enterprises ship according to demand. The market supply and demand are relatively balanced, and on-site trading is stable. In the early stage, the raw material acetic acid market was relatively strong and consolidated, which has a certain boosting effect on the ethyl acetate market. Some enterprises have a positive attitude, and the price of ethyl acetate has slightly increased.

In the future, the utilization rate of ethyl acetate production capacity is not high, the market supply remains stable, and downstream purchases are made according to demand. The support for ethyl acetate is still acceptable, and ethyl ester enterprises are negotiating shipments. Currently, the market sentiment is mostly wait-and-see, and it is expected that the price of ethyl acetate will remain stable in the short term. Specific attention will be paid to changes in supplier equipment and downstream follow-up.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on July 25th was 1160 yuan/ton, which is 3.06% lower than the average price of 1196 yuan/ton on July 21st.

2、 Market analysis
market conditions
As of July 25th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1080 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1100-1170 yuan/ton.
Supply and demand situation
This week, the domestic ammonium sulfate market prices continued to decline. The operating rate of ammonium sulfate enterprises is relatively stable this week. At present, the supply of ammonium sulfate in the market is stable, but downstream demand is not performing well, and there is resistance to high prices, resulting in weak market transactions. The export market for ammonium sulfate has not shown significant improvement, and the market is mainly adopting a wait-and-see attitude.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been weak and downward recently. At present, the trading in the ammonium sulfate market is light, with insufficient new orders and weakened downstream demand. There is currently no positive news in the market. It is expected that in the short term, the domestic ammonium sulfate market price will be weak and mainly operated through consolidation.

According to the Commodity Market Analysis System of Shengyi Society, from July 14th to 18th, MTBE prices rose from 4987 yuan/ton to 5100 yuan/ton, with a price increase of 2.26% during the period, a month on month decrease of 1.31%, and a year-on-year decrease of 24.16%. After the domestic MTBE market fell to a certain low, it slightly rose, boosted by the signing of more export orders. Some manufacturers prepared for port consolidation in advance, resulting in a decrease in external sales. The MTBE market was slightly boosted by the phased replenishment of downstream operators, and manufacturers intend to increase prices and volume.
On the cost side, in terms of crude oil: The international oil price has fallen, and the main negative factors are the uncertainty of the US tariff policy and the ongoing OPEC+production increase. The market is concerned about the risk of oversupply and weakened demand. As of July 17th, the settlement price of Brent crude oil futures for the September contract was $69.52 per barrel.
On the demand side, in terms of downstream gasoline, international oil prices may fall, and the expectation of a new round of retail price limits for refined oil products will be lowered. However, the gasoline market is expected to remain strong during the summer, and end-users and traders still have enthusiasm for purchasing. The impact of MTBE demand is mixed.
Supply side: Short term domestic MTBE supply side is affected by bearish factors.
As of the close on July 17th, the closing price of the Asian MTBE market has decreased by $1.03/ton compared to the previous trading day, and FOB Singapore closed at $654.51-656.51/ton. The closing price of the European MTBE market increased by $6.25/ton compared to the previous trading day, and FOB ARA closed at $873.49-873.99/ton. The closing price of the MTBE market in the United States increased by $8.46/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $733.96-734.32/ton (207.24-207.34 cents/gallon).
Market forecast: Currently, raw material prices are still relatively high, and manufacturers’ willingness to offer wide discounts is not strong under the support of cost. The MTBE analyst from Shengyi Society believes that the domestic MTBE market may experience narrow fluctuations.

price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has decreased this week. At the beginning of the week, the average price of isopropanol in China was 5833.33 yuan/ton, and the average price over the weekend was 5808.33 yuan/ton, with a price reduction of 0.43%.
The market price of isopropanol has decreased this week. The overall market situation of isopropanol is light, with the acetone market in East China first falling and then rising. However, the demand for isopropanol is weak, inventory is increasing, and the mainstream negotiation focus is not fluctuating much. As of now, most of the isopropanol market prices in Shandong are around 5600-5700 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 5800-5850 yuan/ton.
Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price continued to decline slightly this week, and overall cost support is average. The overall trading atmosphere in the downstream market is lukewarm, and actual orders are cautious. It is expected that the isopropanol market will remain cautious in the short term, with a focus on stable operation.

price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has decreased this week. At the beginning of the week, the average price of isopropanol in China was 5983.33 yuan/ton, and the average price over the weekend was 5916.67 yuan/ton, with a price reduction of 1.11%.
The market price of isopropanol has decreased this week. The overall market situation of isopropanol is light, while the acetone market in East China is fluctuating downwards. In addition, weak downstream demand has led to increased inventory, resulting in a decline in the holding price. As of now, most of the isopropanol market prices in Shandong are around 5700-5800 yuan/ton; The majority of isopropanol market prices in Jiangsu region are around 6000-6200 yuan/ton.
Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fallen this week. The raw material acetone fluctuated slightly downwards, while the price of propylene decreased. Overall, cost support is not satisfactory. The downstream market is mainly focused on urgent demand for goods, and transactions are cautious. It is expected that the isopropanol market will remain cautious in the short term, with a focus on stable operation.

According to the Commodity Market Analysis System of Shengyi Society, from June 30th to July 4th (as of 15:00), the domestic methanol market in East China port quotations fell from 2805 yuan/ton to around 2474 yuan/ton, with a price drop of 11.79% during the cycle, a month on month increase of 7.90%, and a year-on-year decrease of 2.59%. With the weakening of macro impact and the completion of delivery in mainstream port methanol markets, the domestic methanol market has rapidly declined.

As of the close on July 4th, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract for methanol futures, 2509, opened at 2415 yuan/ton, with a highest price of 2432 yuan/ton and a lowest price of 2396 yuan/ton. It closed at 2399 yuan/ton in the closing session, a decrease of 9% or 0.37% from the previous trading day’s settlement. The trading volume is 704431 lots, the position is 694763, and the daily increase is -12229.
On the cost side, coal prices are fluctuating at a low level, with limited upward demand and weakened cost support. The cost of methanol is influenced by negative factors.
On the demand side, glacial acetic acid: The market price of glacial acetic acid continues to decline in some areas. Formaldehyde: Horizontal consolidation of formaldehyde market. Dimethyl ether: The dimethyl ether market is consolidating horizontally. Most downstream products have little fluctuation in methanol demand, and the impact on methanol demand is mixed.
On the supply side, the overall loss exceeds the recovery, resulting in a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external markets, as of the close on July 3rd, the CFR Southeast Asian methanol market closed at $344.50-345.50 per ton, a decrease of $5 per ton. The closing price of the US Gulf methanol market is 86.00-87.00 cents per gallon; The closing price of FOB Rotterdam methanol market is 254.50-255.50 euros/ton, down 4 euros/ton.
Forecast for the future: With multiple sets of equipment undergoing maintenance in China, methanol prices are unlikely to fall. The methanol analyst from Shengyi Society predicts that the domestic methanol spot market will mainly consolidate.

According to the Commodity Market Analysis System of Shengyi Society, as of the 29th, the price of ethyl acetate was 5453.33 yuan/ton, a decrease of 16.67 yuan/ton or 0.30% compared to the price of 5470.00 yuan/ton on June 23rd. The supplier’s inventory level is still acceptable, downstream demand is average, market transactions are weak, and the quotation for ethyl acetate has been adjusted downward.

The utilization rate of domestic ethyl acetate production capacity has been reduced, and the inventory of enterprises is not under pressure, with strong quotations as the main factor. The enthusiasm of downstream market entry is not high, and the market trading atmosphere is weak. Some enterprises have poor shipments, coupled with the weak operation of acetic acid on the raw material side, the cost support is average, and the shipment of ethyl acetate in the market is hindered, causing the price center of ethyl acetate to shift downward.
Looking at the future, there is a supply-demand game in the ethyl acetate market, and manufacturers have a strong intention to ship. However, downstream purchasing is poor, and the pressure on ethyl ester enterprises to ship still exists. At the same time, the raw material market is bearish, and the cost support is insufficient. It is expected that the price of ethyl acetate will be weak in the later stage, and specific attention will be paid to changes in supplier equipment and downstream follow-up.