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.

According to the Commodity Market Analysis System of Shengyi Society, the domestic aggregated MDI market showed weak performance in June and continued to decline. From June 1st to 30th, the domestic market price of aggregated MDI increased from 16333 yuan/ton to 15500 yuan/ton, with a monthly price drop of 5.1% and a year-on-year price drop of 12.66%.

In early June, Wanhua began maintenance on June 5th, and the Shanghai BASF and Huntsman units were restarting. The factory has a strong willingness to raise prices, but there is no significant increase in demand. Downstream entry into the market is cautious, and there is a strong wait-and-see atmosphere. The aggregated MDI market has begun to decline.
In mid to late June, the market supply remained stable, downstream demand was off-season, orders were low, and large factories in the north resumed operations, but the support for the market was limited. Without obvious positive guidance, the price of aggregated MDI continued to decline.
On the supply side, Shanghai Huntsman will restart production of 350000 tons in June. BASF’s 250000 ton plant in Shanghai will restart in June. Wanhua Fujian plant started shutdown maintenance on June 5th, with a duration of about 45 days. Large factories in the north will start reducing production in mid June.
On the cost side, the raw material pure benzene: In June, the pure benzene market fluctuated greatly with the trend of crude oil, and the price at the end of the month increased compared to the beginning of the month. On June 13th, tensions escalated in the Middle East, with oil prices reaching a two month high and pure benzene catching up significantly. On that day, the price of pure benzene rose by around 250-350 yuan/ton. On June 23rd, crude oil prices plummeted and pure benzene began to decline. On June 1st, the average price of pure benzene was 5735 yuan/ton, and on June 30th, the average price was 5984 yuan/ton, with a monthly increase of 4.05%.
On the demand side, the downstream is in a low season of demand, and the high price of aggregated MDI is not smooth. Although there is some support from the supply side, it is greatly affected by the constraints of the demand side.
In the future market forecast, the current MDI market supply side has a moderate willingness to raise prices, while the demand side maintains rigid procurement. Under the supply-demand game, it is expected that the short-term aggregated MDI market will operate in a narrow range.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the month was 12333 yuan/ton, and at the end of the month it was 12533/ton, with a price increase of 1.62%.

Domestic activated carbon manufacturers have seen some price increases this month, but most have remained stable. The ex factory price of coconut shell activated carbon for water purification is between 10000-13500 yuan/ton. The demand for coconut shell activated carbon in traditional fields such as water treatment and air purification continues to grow, and the market supply is tight. Industry insiders are mostly optimistic about the future market.
Internationally, 95% of coconut shell carbonization materials rely on imports. Southeast Asia, as the main source of coconut shells worldwide, will encounter multiple natural disasters in 2024: Thailand will experience a reduction in coconut production due to drought and pest infestations, and some production areas in Indonesia will be affected by abnormal rainfall at the end of the rainy season, resulting in a decrease in coconut shell collection efficiency and supporting price increases.
Prediction: The supply of activated carbon in the domestic and international markets is tight, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

This week, the phthalic anhydride market fluctuated and rose

According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the price of phthalic anhydride in neighboring countries was 6933.33 yuan/ton, which fluctuated and increased by 0.24% compared to the price of phthalic anhydride on June 13th, which was 6916.67 yuan/ton. This week, the price of ortho benzene remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The equipment operating load of plasticizer enterprises increased slightly, and the demand support for phthalic anhydride increased. Supply has decreased and demand has rebounded, leading to an increase in phthalic anhydride prices.
Reduced supply of phthalic anhydride cost support
This week, the price of ortho benzene is temporarily stable. Sinopec’s ortho benzene quotation is 6900 yuan/ton, and the price is temporarily stable. The price of industrial naphthalene has fluctuated and risen, while the cost support of phthalic anhydride still exists. This week, the maintenance of phthalic anhydride equipment is still ongoing, and the operating rate of enterprises remains stable at a low level. The operating rate of the domestic phthalic anhydride industry has dropped to about 6.5%, and the supply of phthalic anhydride has decreased. The cost support supply has decreased, and the price increase of phthalic anhydride this week has provided significant support.
Demand side: DOP prices stop rising and fall back
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the DOP price was 8267.50 yuan/ton, a decrease of 0.10% from the high of 8284.17 yuan/ton on June 18th; Compared to June 13th, the DOP price of 8250.83 yuan/ton first rose and then fell, with an increase of 0.20%. This week, DOP prices have fallen from a high level, and the operating load of plasticizer enterprises has increased. The production of plasticizers has also increased, and the demand for phthalic anhydride has grown, which has increased the support for the rise in phthalic anhydride prices.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have increased their production, resulting in an increase in plasticizer output and increased support for phthalic anhydride demand; In terms of supply, the production of phthalic anhydride enterprises is stabilizing at a low level, and the expected supply of phthalic anhydride is decreasing. In the future, as supply decreases and demand rebounds, the price of phthalic anhydride fluctuates and rises.

According to the Commodity Market Analysis System of Shengyi Society, as of June 16, 2025, the reference price of n-butanol in Shandong Province, China is 6366 yuan/ton. Compared with June 12 (reference price of n-butanol is 6233 yuan/ton), the price has increased by 133 yuan/ton, an increase of 2.14%.

Entering this week, the domestic n-butanol market in Shandong has been on the rise, and the focus of market negotiations is moving towards higher levels. Factories and suppliers in Shandong have raised the shipment price of n-butanol by about 100-150 yuan/ton. As of June 16th, the reference price for n-butanol market in Shandong is around 6350-6400 yuan/ton.
Analysis of Market Factors
On the demand side: As we enter this week, downstream demand for n-butanol has improved, and there is a phase of replenishment on the demand side, with increased support from the demand side for n-butanol.
Supply side: Currently, the supply side of n-butanol is gradually stabilizing, with stable support from the supply side and smooth transmission between supply and demand.
Market analysis in the future
At present, the trading atmosphere in the n-butanol market is mild, and the focus of negotiations has been boosted. The n-butanol industry has a good mentality, and the n-butanol data analyst from Shengyi Society predicts that in the short term, the n-butanol market in Shandong will mainly operate in a stable to strong direction, and specific changes in supply and demand information need to be closely monitored.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 25000 yuan/ton, an increase of 8.23% compared to the same period last year. On June 12th, the Business Society Bromine Index was 87.72, unchanged from yesterday, a decrease of 64.22% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 48.88% 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 running weakly, with an average market price of 2324.33 yuan/ton at the beginning of the week and 2257.67 yuan/ton at the end of the week, a decrease of 2.87% and an increase of 102.79% compared to the same period last year. Downstream demand is generally average.
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.

According to the Commodity Market Analysis System of Shengyi Society, on June 6th, the reference price of cyclohexanone in the domestic Shandong region was 7300 yuan/ton. Compared with June 1st, the price was basically the same, but decreased by 4.42% compared with May 1st (cyclohexanone price reference).

From the commodity market analysis system of Shengyi Society, it can be seen that this week, the domestic cyclohexanone market in Shandong region remained stable and organized, with relatively calm news on the market. As of June 6th, the reference price of cyclohexanone market in Shandong region is around 7250-7350 yuan per ton.
In terms of supply and demand: Currently, the supply of cyclohexanone in the field is relatively stable, and downstream users mainly follow up on their basic needs. The transmission between supply and demand is still acceptable
In terms of cost: Recently, the cost of cyclohexanone raw material pure benzene has fluctuated slightly, providing stable cost support for cyclohexanone. As of June 5th, the reference price of pure benzene was 5818.67 yuan/ton, an increase of 1.45% compared to June 1st (5735.33 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is mild, and downstream chemical fiber and solvent markets are purchasing on demand. Macro news has given the market some confidence boost. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market in Shandong will mainly operate in a narrow range, and specific changes in supply and demand information need to be closely monitored.

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been weak recently. As of June 4th, the average market price of n-butane oxidation maleic anhydride remained at 6475 yuan/ton, a decrease of 0.77% from 6525.00 yuan/ton on May 28th.

Supply side: Recently, the price of maleic anhydride has reached an annual low, with factory prices slightly falling and dealer prices falling accordingly; After the holiday, downstream unsaturated resin manufacturers of maleic anhydride are cautious in their stocking operations and mainly adopt a wait-and-see approach. As of June 4th, the factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the factory price of liquid anhydride is around 5450 yuan/ton.
Upstream: Recently, the n-butane market has fallen, and as of June 4th, the price in Shandong was around 4600-4700 yuan/ton.
Downstream: Currently, the price of unsaturated resin remains stable, but after the holiday, the raw material market for unsaturated resin has fallen, and the cost support for resin is limited. In addition, with the gradual increase in market supply, downstream procurement enthusiasm is average, and support for unsaturated resin is limited. The market has a strong wait-and-see sentiment.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene in the Shandong region has fluctuated and fallen this month. The market price drops in the first half of the year, rises in the middle, and falls in the second half. On May 1st, the price was 5708.67 yuan/ton; On May 30th, the price was 5752 yuan/ton, a decrease of 0.67% from the beginning of the month.
2、 Market analysis
Pure benzene: Today, the price performance of the pure benzene market was weak. Last night, crude oil prices fell, and the mentality of pure benzene market operators weakened. In addition, the styrene futures market fell, and the atmosphere in the market was poor, which affected the confidence of the pure benzene market. Shandong Refining will continue to prioritize discounted shipments today. East China ports continue to accumulate inventory, with prices fluctuating and falling. Overall, businesses are cautious and adhere to buying at low prices, filling gaps at low prices, and paying more attention to buying opportunities at low prices.
This month, Sinopec has raised the price of pure benzene by 200 yuan/ton to 5950 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On May 29th, international crude oil futures closed down. The settlement price of the main contract for WTI crude oil futures in the United States was $60.94 per barrel, a decrease of $0.90 or 1.5%. The settlement price of Brent crude oil futures for August was $63.35 per barrel, a decrease of $0.75 or 1.2%.
On May 29th, FOB Korea rose by 14 to 714 US dollars per ton, CFR China rose by 13 to 730 US dollars per ton, FOB Rotterdam stabilized at 695 US dollars per ton, and FOB USG fell by 11 to 255 US cents per gallon.
Overall expectation: In the short term, the market price of pure benzene will continue to fluctuate at a low level, and we will wait and see the news on the cost and demand sides. 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.