1、 Price trend

Taking the sulfuric acid method gold red stone titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the average price of titanium dioxide in the domestic market was 15783.33 yuan last Friday, and 15816.67 yuan/ton this Friday, with a price increase of 0.21%.

2、 Market analysis

This week, the domestic titanium dioxide market has remained stable with small fluctuations. The price of titanium concentrate on raw materials has slightly increased, while the price of sulfuric acid has remained stable. The production cost pressure of titanium dioxide is still significant due to the influence of raw materials. This week, Longqi has a large number of orders on hand, with a slight increase in new order quotes. Most manufacturers’ quotes are mainly stable. Traders’ quotations are relatively flexible, with prices fluctuating on the market, and overall the volatility is relatively small. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 15400-16300 yuan/ton; The quotation for rutile titanium dioxide is around 14200-15000 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region has slightly increased. At present, the spot market is still tight, and the price of titanium ore is running at a high level. Downstream titanium dioxide enterprises are generally in the market, and they are more cautious about titanium concentrate, with a focus on urgent needs and cautious procurement. As of now, the price of 38-42 grade titanium ore without tax is around 1620-1650 yuan/ton, the price of 46 grade 10 titanium concentrate without tax is around 2280-2300 yuan/ton, and the price of 47 grade 20 titanium concentrate without tax is around 2400-2500 yuan/ton. In the short term, the price of Panxi titanium concentrate continues to operate at a high level, and the specific transaction price will be discussed on a case by case basis.

3、 Future forecast

The titanium dioxide analyst from Shengyi Society believes that the domestic titanium dioxide market has remained stable with small fluctuations this week, and trading on the market is relatively flexible. This week, the price of titanium concentrate has risen, the price of sulfuric acid remains high and firm, and the cost pressure of titanium dioxide is significant. Downstream market demand is not good, so we should wait and see, and be cautious in transactions. In the short term, the market is mainly stable, and the actual transaction price is negotiable.

According to the commodity market analysis system of Shengyi Society, the price of PET water bottles has slightly rebounded this month, and the volatile operation shows a certain downward trend. As of July 31st, the average price of PET water bottle grade is 7130 yuan/ton.

Raw material market: On July 30th, Brent crude oil benchmark price was $79.05 per barrel. Compared to $85.26 per barrel at the beginning of this month, it has decreased by -7.28%. The WTI crude oil benchmark price is $74.73 per barrel. Compared to the $81.74 per barrel at the beginning of this month, it has decreased by -8.57%.

The price of ethylene glycol was relatively strong in the first half of July, and then began to decline slightly. Currently, the price is beginning to digest sideways. According to data from Shengyi Society, as of July 29th, the average price of domestic oil to ethylene glycol was 4640 yuan/ton, an increase of 1.729% compared to the average price of 4561.67 yuan/ton in the East China market on July 1st. From the perspective of supply and demand fundamentals, the driving effect of inventory factors on prices in the early stage is weakening under the expected increase in imports. Currently, inventory levels are relatively low, which provides some support for prices; In terms of demand, downstream polyester is reducing production to maintain prices, coupled with lower than expected terminal demand in the weaving industry, the industry is weak, and demand is weak.

According to the Commodity Market Analysis System of Shengyi Society, the domestic PTA spot market surged and fell back in July. The market is generally concerned about weak demand for crude oil, and European and American crude oil futures fell to the lowest level in six weeks. The weak fundamentals and downward cost support have dragged down PTA cost support and dragged down market quotes. As of the end of July, the operating rate of the domestic PTA industry was around 82%. In August, there were still many restarts of PTA plants in China, and the utilization rate of PTA production capacity will further improve. The expectation of a rebound in PTA supply is obvious. At present, there is almost no official announcement of the August maintenance plan for PTA large plants, and the implementation of the downstream polyester factory production reduction plan has led to the expectation of weak PTA demand, resulting in inventory accumulation for PTA in August.

On the supply and demand side, some sources of goods are still tight, and there is still some support on the supply side. Holders of goods should be cautious in shipping at low prices.

The PET analyst from Shengyi Society believes that the current bottle grade PET market is generally stable with small fluctuations, and compared to the raw material side, it shows strong resilience against downturns. It is expected that the market will remain within a narrow range of fluctuations in the short term. However, the actual evolution of this pattern will closely depend on the dynamic changes in the raw material market and the implementation of subsequent production equipment maintenance plans. Specifically, fluctuations in raw material prices and the implementation of maintenance plans will become key factors affecting the future trend of the PET market.

According to the Commodity Market Analysis System of Shengyi Society, the domestic BDO market experienced narrow fluctuations in July. From July 1st to 30th, the average price of BDO in China first rose from 9035 yuan/ton and then fell to 8942 yuan/ton, with a price drop of 1.03% during the period and a year-on-year price drop of 18.54%.

At the beginning of the month, the domestic BDO market was deadlocked and negotiations were slow. There are many maintenance and replacement devices, and the market supply of goods has decreased. Production enterprises mainly have the intention to maintain prices. Downstream on-demand procurement, and the main downstream PTMEG market is declining. The industry is adopting a cautious and wait-and-see attitude, and the market trading focus is temporarily stable

In mid month, the domestic BDO market operated weakly, with contract orders trading and light spot negotiations. Recently, the overall capacity utilization rate of the industry has decreased, the supply of spot goods in the market has decreased, and the supply side’s stable market mentality continues. But the actual demand downstream is average, and the export price of new production capacity is relatively low. The overall market situation is deadlocked due to the game between supply and demand.

At the end of the month, the domestic BDO market was weak and deadlocked, approaching the settlement cycle, with a mainly cautious and wait-and-see attitude. Follow up on urgent orders downstream of the terminal, the game between supply and demand continues, and the market trading center is deadlocked.

As the end of the month approaches, the domestic BDO market has shifted downwards, with light trading volume in spot orders. The actual follow-up of downstream terminals is average, and the purchasing and sales mentality of operators is bearish, with sporadic small spot orders negotiated for discounts, resulting in a downward shift in the market price range.

Supply side: In terms of equipment, the Shaanxi Black Cat equipment stopped and replaced the agent, but after some maintenance equipment was restarted in the early stage, the negative operation increased. The market supply of goods showed an increasing trend, and the positive support from the supply side weakened. The impact of favorable factors on the BDO supply side has weakened.

On the cost side, raw material calcium carbide: The maintenance of some PVC enterprises in Inner Mongolia has led to an increase in external sales of calcium carbide, and some enterprises have experienced an increase in load. The overall market supply is sufficient, and the calcium carbide market has narrowly declined. In terms of methanol, the domestic methanol market was mainly weak and volatile in July, and the BDO cost side was affected by bearish factors.

On the demand side, downstream industries such as PTMEG spandex, PBT, and PBAT have seen a decline in market conditions, with most downstream terminals experiencing losses in profits. Under cost pressure, there is a bargaining sentiment towards raw material inventory. The demand side of BDO is affected by bearish factors.

Future predictions indicate that most maintenance equipment will restart, leading to a significant increase in market supply and weak support from the supply side. Although the main downstream PTMEG maintenance equipment has also restarted, other downstream operations are average, with limited increase in raw material digestion and intensified pressure on the supply and demand sides. Business analyst BDO predicts that the domestic BDO market will mainly operate weakly.

According to the Commodity Market Analysis System of Shengyi Society, the domestic natural rubber spot market has been weak and fluctuating recently (July 17-July 29). As of July 29, the spot rubber market in China’s natural rubber market was around 14011 yuan/ton, a decrease of 0.50% from 14082 yuan/ton on July 17, with a peak of 14223 yuan/ton during the cycle. On the one hand, raw material prices have slightly decreased, and on the other hand, downstream production has decreased, and there is resistance to high priced sources of goods. The overall market is in a weak consolidation state.

On the one hand, in recent days (7.17-7.29), there has been a certain increase in the supply of raw materials from domestic and foreign raw material production areas. The price of natural rubber raw materials has slightly decreased, and the cost has weakened in the face of the domestic natural rubber market support. As of July 26th, the price of Thai glue was 63.00 baht/kg, slightly lower than the price in mid July; As of the 29th, the purchase price of state-owned and gold rubber water-based concentrated latex raw materials in Hainan production areas was around 13400 yuan/ton, slightly lower than the price in mid July.

On the other hand, the speed of natural rubber inventory turnover has slowed down. As of July 21, 2024, the total inventory of Tianjiao bonded and general trade in Qingdao area was 476100 tons, a decrease of 0.38% compared to the previous period.

Downstream all steel tire production has slightly decreased, and demand has weakened due to the weak support of the natural rubber market. Downstream inquiries are resistant to high priced sources, resulting in a slight drop in natural rubber prices. As of July 24th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 5.4%.

Market forecast: Currently, the supply of raw materials at home and abroad is gradually increasing, and the price of natural rubber raw materials is slightly falling; In addition, downstream tire companies have seen a slight decrease in production and are cautious about purchasing high priced goods; Overall, it is expected that the natural rubber market will consolidate weakly in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market fluctuated and fell this week. On Monday, the average price of isopropanol in China was 8450 yuan/ton, and on Friday it was 8380 yuan/ton. The price dropped by 0.83% during the week.

This week, the domestic isopropanol market fluctuated and fell. On Wednesday, the propylene process unit of Zhejiang Xinhua was shut down for maintenance, resulting in a slight increase in on-site prices in Jiangsu. Prices have fallen again over the weekend. Overall, the market performance is average, with a strong wait-and-see attitude within the market. Downstream inquiries are average, and there is a strong need to purchase goods. Actual orders are cautious. As of now, most of the isopropanol market prices in Shandong are around 8200-8350 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 8500-8600 yuan/ton, while in the South China region, the price is around 8775 yuan/ton.

In terms of raw material acetone, the market price of acetone has fallen this week. The average price of acetone on Monday was 7742.5 yuan/ton, and on Friday it was 7450 yuan/ton. Overall, the price decreased by 3.78%. At present, the fundamentals of acetone continue to decline, and traders are actively shipping at low prices. Downstream factories purchase according to demand, and it is expected that the short-term acetone price in the East China market will be between 7300-7400 yuan/ton.

In terms of propylene, the propylene market fell first and then rose this week. On Monday, the average domestic propylene price was 7145.75 yuan/ton, and on Friday, the average price was 7140.75 yuan/ton, with a price reduction of 0.07%. At present, the inventory of enterprises is low and there is no pressure. Downstream purchases are made according to demand, and it is expected that the market will experience slight fluctuations and consolidation in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fluctuated and fallen this week. The acetone market is declining, while the propylene market prices are fluctuating and consolidating, with average cost support. The enthusiasm for downstream procurement is average, with a focus on essential needs. It is expected that the isopropanol market will operate weakly in the short term.

This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of July 19th, the price of plasticizer DOP was 9725 yuan/ton, which fluctuated and fell by 1.89% compared to the DOP price of 9912.50 yuan/ton on July 12th last weekend. The market for phthalic anhydride, a raw material for plasticizers, has fluctuated and stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizers has also decreased, and the price of DOP, a plasticizer, has fluctuated and fallen this week.

This week, the price of raw material isooctanol fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of July 19th, the price of isooctanol was 9480 yuan/ton, which fluctuated and fell by 2.67% compared to the price of 9740 yuan/ton on July 12th last weekend. Downstream factories purchase according to demand, the plasticizer market is declining, and enterprises have poor enthusiasm for raw material procurement. Shandong’s large factories sell at a discount, and the market transaction center is shifting downwards, resulting in significant downward pressure on isooctanol.

This week, the price of raw material phthalic anhydride has slightly fallen

According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market has slightly declined this week. As of July 19th, the price of phthalic anhydride in the phthalic anhydride market was 8075 yuan/ton, a slight decrease of 0.15% compared to the price of 8087.50 yuan/ton on July 12th last weekend. Domestic neighboring phthalic anhydride is priced at 7900-8100 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7450-7550 yuan/ton before leaving the factory. The domestic production rate of phthalic anhydride is around 60%, and the spot supply of phthalic anhydride is stable. The sales situation of phthalic anhydride manufacturers is average. This week, the price of industrial naphthalene fluctuated and fell, and the naphthalene based phthalic anhydride market fluctuated and fell. The ortho benzene market is temporarily stable, and the ortho benzene based phthalic anhydride market is stabilizing. This week, the phthalic anhydride market has been weak and stabilizing.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, the price of raw material isooctanol fluctuated and fell this week, the price of phthalic anhydride slightly fell, and the cost of plasticizer DOP decreased; Downstream manufacturers have poor demand for plasticizers during the off-season. In the future, the prices of isooctanol and phthalic anhydride will fluctuate and fall, the cost of raw materials will decrease, and downstream demand will be sluggish. The price of plasticizer DOP will remain weak and consolidate in the future.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon was 11900 yuan/ton at the beginning of this week, and the price of activated carbon was 11933/ton over the weekend, with a price increase of 0.28%.

Domestic activated carbon manufacturers’ quotations have remained stable this week, with some increases. The market transaction atmosphere is positive, and most of the shipments are based on orders. The ex factory price of activated carbon for coconut shell water purification in East China is between 9500-12500 yuan/ton, and demand has limited support for prices. The focus is on market transactions.

Coconut shell charcoal has a certain amount of sales in applications such as gold extraction, water purification, and filter cartridges, especially for gold charcoal, which receives a lot of inquiries from the African market; Fruit shell charcoal can be shipped smoothly from low to medium index sources. There is a recent rebound trend in imported carbide materials, and the industry should pay more attention to it.

Prediction: The trading atmosphere in the activated carbon market is active, and it is expected that the price of activated carbon will mainly fluctuate in the short term.

1、 Price trend

According to the commodity market analysis system of Business Society, the average price of baking soda in the market is 2224 yuan/ton. On July 8th, the baking soda commodity index was 147.61, unchanged from yesterday, a decrease of 37.41% from the cycle’s highest point of 235.84 points (2021-11-10), and an increase of 67.23% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Business Society, the price of baking soda is weak and the market is running smoothly, and the company’s shipment is still acceptable. At present, the price of baking soda in China is operating weakly, with the mainstream market average price of around 1900-2300 yuan/ton, and downstream demand is average. Upstream: According to the commodity analysis system of Business Society, the price of soda ash has been running weakly this week. The average market price is 1956 yuan/ton.

Analysts from Business Society believe that the price of baking soda has been weak in recent times, and the upstream raw material soda ash has been weak in recent times. Downstream pharmaceutical, textile, food, and other sectors of baking soda have been purchasing on demand, with average demand enthusiasm and a supply-demand game. Overall, it is expected that the price of baking soda will be weak in the future, depending on the downstream market demand.

According to the commodity market analysis system of Business Society, as of July 8, 2024, the reference price of n-butanol in Shandong Province, China was 8500 yuan/ton. Compared with July 1 (reference price of n-butanol was 8433 yuan/ton), the price increased by 67 yuan/ton, an increase of 0.79%.

From the analysis system of the commodity market of Shengyishe, it can be seen that as July approaches, the domestic n-butanol market in Shandong region has seen an overall recovery, with market prices steadily rising and rising at low levels. As of July 8th, the domestic market price of n-butanol in Shandong region is around 8400-8600 yuan/ton, with an increase of about 100-200 yuan/ton compared to the beginning of the month.

Analysis of factors influencing the market situation of n-butanol

In terms of demand: As we enter July, the downstream market demand for n-butanol is gradually releasing. Compared with the end of June, the overall performance of the downstream demand side for n-butanol has improved, providing stronger market support for the n-butanol market.

In terms of supply: Currently, the supply side of n-butanol is performing steadily, the market is operating steadily, and the overall pressure on the supply side is not high. Shipments are made on demand, and the support provided by the supply side for n-butanol is still acceptable.

Future analysis

At present, the trading temperature of n-butanol on the market is relatively smooth, and the transmission between supply and demand is relatively smooth. The downstream demand for n-butanol will continue to be slightly released. The n-butanol data analyst from Business Society believes that in the short term, the expected stable and positive operation of the domestic n-butanol market in Shandong region is mainly focused on, and the specific trend still needs to pay more attention to changes in supply and demand news.

1、 Price trend

According to data monitored by Business Society, as of June 28th, the average price quoted by domestic premium DMF enterprises was 4280 yuan/ton. In June, DMF prices were mainly weak, with an overall price drop of 6.96%. Currently, the mainstream price is around 4300 yuan/ton, and the overall market supply and demand is balanced. Enterprises mainly offer discounts and take orders, and the overall market negotiation focus is stable.

2、 Market analysis

In June, the overall market price of DMF was mainly weak with a narrow range, falling by 6.96% overall. Currently, the mainstream price range is 4300/ton. Manufacturers are actively shipping, logistics are smooth, and downstream demand is insufficient. At present, the cost side of DMF is slightly supported, and it will maintain stable, medium, and strong operation in the near future. Downstream enterprises need to purchase urgently.

3、 Future Market Forecast

Business Society DMF analysts believe that in the short term, the DMF market will maintain its current trend, with mainstream prices remaining at 4700-4800 yuan/ton.