1、 Price trend

Taking the sulfuric acid method gold red stone titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by Business Society, the price of titanium dioxide in the domestic market has decreased this week. The average price of titanium dioxide at the beginning of the week was 15080 yuan/ton, and the average price of titanium dioxide over the weekend was 14220 yuan/ton, with a price reduction of 5.7%.
2、 Market analysis
This week, the domestic titanium dioxide market prices have been lowered. International market exports remain weak, and coupled with entering the off-season, market pessimism remains strong. The domestic market is sluggish, with insufficient trading atmosphere in the market. Downstream factories and traders have weak enthusiasm for purchasing goods, and titanium dioxide manufacturers face significant shipping pressure, causing the market center of gravity to shift downward. The upstream titanium concentrate market is stable, but sulfuric acid prices have increased. Due to inventory and cost pressures, on-site enterprises are operating at a low pace, and the overall market is in a wait-and-see atmosphere. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 13500-14600 yuan/ton; Sharp titanium type costs around 12500-13000 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate has remained stable this week. At present, downstream demand for titanium dioxide is poor, with light new orders and cautious procurement of raw materials. The main focus is on observing and observing, with mining companies facing significant shipping pressure and overall market prices remaining weak and stable. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1870-2100 yuan/ton; The price of 47,20 ore ranges from 1950 to 2150 yuan/ton; The price of 38 titanium ore excluding tax is around 1180-1250 yuan/ton. It is expected that the titanium ore market price will continue to remain stagnant in the short term.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market price will decrease this week. Downstream market demand is weak, and there is a strong wait-and-see sentiment in the market. Transactions are light, and actual orders are cautious. It is expected that in the short term, the market situation of titanium dioxide will be mainly wait-and-see, and the actual transaction price will be subject to negotiation.

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash fell in May. The average market price of light soda ash at the beginning of the month was 1408 yuan/ton, and the average market price at the end of the month was around 1386 yuan/ton. The price decreased by 22 yuan/ton during the month, with an overall decline of 1.56%.
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the soda ash market has been running weakly this month. During the month, there were many soda ash maintenance companies, resulting in a decrease in production capacity utilization rate. In some regions, quotations remained strong, while downstream demand was weak. Due to limited soda ash procurement and high soda ash inventory, shipments in East and Central China were poor, and soda ash prices continued to operate weakly.
As of May 30, 2025, the mainstream market price of light soda ash in East China is around 1280-1450 yuan/ton, with a monthly decrease of 20-50 yuan/ton; The mainstream market price of light soda ash in Central China is around 1250-1400 yuan/ton, which will be reduced by 20 yuan/ton within the month; The mainstream market price of light soda ash in North China is around 1350-1500 yuan/ton, and the price remains unchanged within the month.
On the demand side: According to the commodity analysis system of Shengyi Society, the price trend of glass has continued to decline this month. The average market price of glass at the beginning of the month was 15.58 yuan/square meter, and the average market price at the end of the month was 14.38 yuan/square meter, a decrease of 7.70%. During the month, there was sufficient spot supply in the glass market, but downstream demand for entry into the market was weak, resulting in poor market trading and limited destocking of glass, leading to a weak downward trend in prices.
Market forecast: According to the commodity analysis system of Shengyi Society, the price of soda ash is currently running weakly and steadily. Although there are still maintenance plans for soda ash plants in June, some enterprises will resume operation of maintenance plants in the later stage. The market operating rate is expected to rise, and sales pressure still exists. Downstream consumption inventory is slowing down, and there is insufficient demand for soda ash. It is expected that soda ash prices will continue to operate weakly in the later stage, depending on downstream market demand.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 30th, the reference average price of domestic urea market was 1892 yuan/ton, which is 0.91% higher than the reference average price of 1875 yuan/ton on May 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market price first rose and then fell. In the first half of this month, the domestic urea market showed a positive trend. The urea market has smooth shipments, good market trading, and stable prices. In the second half of this month, the domestic urea market is mainly experiencing a downward trend. The urea market has sufficient supply, but inventory remains high. The demand for urea in the market is insufficient, and downstream purchasing intentions have weakened, waiting for industrial and agricultural demand to follow up.
market conditions
As of May 30th, the urea market prices in Shandong are around 1840-1920 yuan/ton, Hebei is around 1830-1940 yuan/ton, Henan is around 1820-1910 yuan/ton, and Liaoning is around 1930 yuan/ton.
According to the weekly K-bar chart from March 3, 2024 to May 19, 2025, it can be seen that the domestic ammonium sulfate cycle is fluctuating. The largest increase in domestic urea in May was 2.49% in the week of May 5th, and the largest decrease was 1.27% in the week of May 19th.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has been fluctuating and consolidating recently. At present, the urea market is active in trading, with downstream demand following suit, but inventory pressure remains, coupled with poor futures market conditions. It is expected that in the short term, the domestic urea market price will be weak and mainly operated through consolidation.

According to the Commodity Market Analysis System of Shengyi Society, the overall trend of polyester filament prices in May was initially upward and then stable, with a strong tendency towards stability. As of May 30th, the mainstream polyester filament factories in Jiangsu and Zhejiang Province quoted POY (150D/48F) at 6950-7200 yuan/ton, polyester DTY (150D/48F low elasticity) at 8050-8400 yuan/ton, and polyester FDY (150D/96F) at 7350-7450 yuan/ton.

price trend
In the first ten days, the price of polyester filament showed a stable, moderate, and slight upward trend. From May 6th to 9th, driven by the rise in international oil prices and polyester raw material costs, some companies raised their quotations by 50-100 yuan/ton.
In the middle of the month, stimulated by the temporary suspension of tariffs between China and the United States (the US cancelled 91% tariffs and suspended 24% tariffs for 90 days), the daily production and sales rate of polyester filament soared to 475.5% (some companies reached 1200%), and the daily increase of FDY, POY and other varieties reached 150-250 yuan/ton, causing a sharp rise in prices.
In late May, due to downstream inventory digestion and procurement returning to essential needs, the production and sales rate dropped to 30-50% from May 23rd to 28th. After a month end promotion, it briefly rebounded to 180%, but overall trading was light, and filament prices remained stable with a slightly strong trend.
Analysis of Core Influencing Factors
1. Cost side:
Crude oil price support: the Russia-Ukraine conflict and summer travel demand pushed up the international oil price (WTI exceeded 61 dollars/barrel), driving the cost repair of the polyester industry chain, and the polymerization cost remained above 5000 yuan/ton.
Poor transmission of PTA/MEG: After the release of domestic PX production capacity, prices stabilized, but weak downstream demand made it difficult for PTA price increases to be fully transmitted to polyester filament, squeezing the profitability of enterprises (POY cash flow continued to suffer losses).
2. Supply and demand pattern
Supply contraction: The three major companies actively reduced production of loss making varieties, coupled with the maintenance of Zhejiang Petrochemical and Shenghong Refining and Chemical facilities, resulting in a decrease in supply to support prices.
Weak domestic demand: May is the traditional off-season, and weaving enterprises mainly focus on essential needs due to a profit of only 0.01 yuan/meter from raw fabric and early stockpiling.
Export rebound: The 90 day suspension of tariffs between China and the United States stimulates the release of backlog orders, while Southeast Asia (Vietnam, Pakistan orders increase by 22-38%) and emerging markets (opening of Qiankai Port in Peru) partially offset the decline in the Indian market (BIS certification leads to a 76.85% decrease in exports).
3. Policy and International Trade
Domestic policy easing: The central bank’s reserve requirement ratio and interest rate cuts have increased liquidity, and the expected retail growth rate of consumer goods is 5.5%. The potential for domestic demand is yet to be released.
Repeated trade frictions: The United States retains a 10% tariff and Pakistan’s anti-dumping investigation poses long-term pressure, but the decrease in shipping costs (with a 22% reduction in Egyptian shipping costs) has eased some export costs.

Future prospects
Business analysts believe that. In the short term, the price may maintain a narrow range of shocks. The turnover is expected to decline around the Loong Boat Festival, and de stocking is still the main theme. Weak demand and high inventory suppress the general growth space. In the medium to long term, the increase in industry capacity concentration, coupled with the widening supply-demand gap from 2025 to 2026, may lead to an upward trend in prices, reaching 88-18.9 million tons. Focus on crude oil fluctuations, PX overcapacity, and the sustainability of terminal orders in the future.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market was 1076 yuan/ton on May 29th, and 1026 yuan/ton on May 1st. This month, the market price of ammonium sulfate has dropped by 4.64%.
2、 Market analysis
The market price of ammonium sulfate has weakened and fallen this month. The operating rate of coke enterprises has not fluctuated much this month, and the operating rate of domestic enterprises has been slightly adjusted. In the first half of this month, the domestic price of ammonium sulfate mainly declined. The demand for ammonium sulfate in the market is not good, and particle manufacturers and downstream compound fertilizer enterprises are mainly in urgent need of replenishment. The number of market inquiries has decreased, and caution is mainly observed. In the second half of this month, the domestic price of ammonium sulfate continued to decline. The downward trend in urea prices is bearish on the ammonium sulfate market, and the export market for ammonium sulfate remains weak. As of May 29th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 940 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1000-1040 yuan/ton.
According to the weekly K-bar chart from March 3, 2025 to May 19, 2025, it can be seen that the domestic ammonium sulfate cycle is fluctuating. The domestic price of ammonium sulfate fell significantly in May, with the largest drop being 1.19% in the week of May 19th.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the domestic price of ammonium sulfate has been weakly stable in recent days. At present, the demand for ammonium sulfate in the market is limited, and transactions are weak. Downstream procurement is mainly based on demand. In the absence of favorable conditions in the near future, it is expected that the domestic ammonium sulfate market prices will weaken and consolidate in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid remained stable on May 28th, with a market average price of 2720 yuan/ton, unchanged from yesterday’s price and an increase of 0.74% compared to the beginning of the month. The domestic acetic acid market is running steadily, and market prices in various regions remain unchanged. The acetic acid plant on the supply side is running smoothly, with low capacity utilization. Downstream market entry is mainly based on demand, and enterprise shipments are still acceptable. The market mentality is wait-and-see, and the price of acetic acid is stabilizing.

The price of upstream raw material methanol continues to decline. On May 28th, the average price in the domestic market was 2246.25 yuan/ton, a decrease of 0.33% compared to yesterday’s price of 2253.75 yuan/ton. The methanol market has sufficient supply, but the mentality of industry players is poor. At the same time, there is an expectation of incremental growth in the market, which suppresses prices. Downstream demand is limited, and the methanol market is weakly consolidating and operating.
Market forecast: According to the acetic acid analyst from Shengyi Society, domestic acetic acid companies have no inventory pressure and will maintain active shipment as the main trend. Downstream demand is limited, and on-site trading will follow up as needed. The market supply and demand game is expected, and the acetic acid market is expected to operate steadily and wait. The market will pay attention to downstream follow-up in the future.

This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the price of phthalic anhydride in neighboring countries was 7033.33 yuan/ton, a fluctuating decrease of 0.47% compared to the price of 7066.67 yuan/ton on April 16th. This week, the equipment production of phthalic anhydride enterprises has been stable, and the supply of phthalic anhydride is sufficient; Downstream demand for plasticizers is weak, and the price of phthalic anhydride is fluctuating and falling.
Supply side: resuming work and ensuring sufficient supply
The phthalic anhydride plant has started operating steadily, and the domestic phthalic anhydride industry’s capacity utilization rate has increased. The naphthalene phthalic anhydride industry’s capacity utilization rate has remained stable; The utilization rate of production capacity in the domestic phthalic anhydride industry is slowly recovering, and the supply of phthalic anhydride is sufficient.
Demand side: DOP market experiences slight fluctuations and declines
According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the DOP price was 8167.50 yuan/ton, a fluctuating decrease of 0.41% compared to the DOP price of 8200.83 yuan/ton on April 16th. The utilization rate of plasticizer DOP enterprises remains stable at a low level, and the production of plasticizer DOP remains stable. However, downstream demand for phthalic anhydride is insufficient, and downward pressure on phthalic anhydride prices still exists.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of supply, phthalic anhydride manufacturers have stable production and sufficient supply of phthalic anhydride; In terms of demand, the operating load of DOP manufacturers is temporarily stable at a low level, and the demand support for phthalic anhydride is weak. In the future, with strong supply and weak demand, it is expected that the price of phthalic anhydride will fluctuate and fall.

This week (5.19-23), domestic liquid ammonia rose, according to the Commodity Market Analysis System of Shengyi Society, the weekly increase of liquid ammonia in Shandong region was 4.09%. The main reason is that, against the backdrop of stable downstream demand, some equipment maintenance has not yet resumed, and the supply pressure has slightly eased. At present, the mainstream price of liquid ammonia in Shandong region is between 2250-2450 yuan/ton.

From a supply perspective, this week the supply has remained relatively stable, with some devices still undergoing maintenance and a decrease in supply. In addition, there is not much supply pressure in Hebei, Anhui, and the two lakes regions. From the beginning of the week to the middle of the week, enterprise quotations have been repeatedly raised, with prices stabilizing over the weekend. This week, manufacturers have raised prices by 100-150 yuan/ton. The market shows a basic balance between supply and demand.
From the demand side, there is not much improvement in downstream demand, with the operating rate of compound fertilizers still at a low level, maintaining a strong demand for urea; Recently, exports have been affected by policies, and market transactions have been average. In addition, domestic industrial demand is weak, and agricultural demand is temporarily vacant due to the start of local wheat harvest, resulting in little improvement in demand. Market sentiment is mainly wait-and-see.
Market forecast:
Business analysts believe that the slight increase in liquid ammonia prices this week is mainly due to favorable conditions on the supply side, and there is still no improvement on the demand side. However, with the expected resumption of maintenance facilities in the north next week, supply is under pressure, and there is a risk of a correction in liquid ammonia prices.

Isooctanol prices rebounded and rose this week

According to the Commodity Market Analysis System of Shengyi Society, as of May 16th, the price of isooctanol was 7443.33 yuan/ton, which rebounded and increased by 3.62% compared to the price of 7183.33 yuan/ton on May 12th. During the China US economic and trade talks, tariffs have temporarily eased, and demand for isooctanol is expected to rebound, causing the price of isooctanol to bottom out and rebound; Isooctanol manufacturers are operating steadily, with sufficient supply of isooctanol. Stable supply and rising demand have led to fluctuating prices of isooctanol.
Downstream plasticizer DOP prices rebounded and rose this week
According to the Commodity Market Analysis System of Shengyi Society, as of May 16th, the DOP price was 8200.83 yuan/ton, a rebound increase of 4.35% compared to the DOP price of 7859.17 yuan/ton on May 12th. The operating rate of DOP plasticizer enterprises has temporarily stabilized, the China US economic and trade talks have begun, tariffs have temporarily eased, the demand for plasticizers is expected to rise, the production of plasticizers is expected to increase, the demand for isooctanol is expected to rebound, the support for isooctanol demand is increasing, and the upward momentum of isooctanol is increasing.
Future expectations
According to the data analyst of Shengyi Society’s octanol products, the production of plasticizer enterprises has temporarily stabilized, tariffs have eased, demand for plasticizers has rebounded, production of plasticizers is expected to increase, downstream demand for isooctanol has rebounded, supply has stabilized, and demand has rebounded. It is expected that the price of isooctanol will consolidate strongly in the future market.

1、 Price trend

Taking the sulfuric acid method gold red stone titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by Business Society, the price of titanium dioxide in the domestic market decreased in early May. On May 1st, the average price of titanium dioxide was 15480 yuan/ton, and on May 9th, the average price of titanium dioxide was 15200 yuan/ton, with a price reduction of 1.81%.
2、 Market analysis
In early May, the domestic titanium dioxide market prices were lowered. The upstream titanium concentrate market price has decreased, and the sulfuric acid price is fluctuating at a low level. Downstream market demand is poor, new orders are limited, and the demand side is weak and difficult to change. We should wait and see the market. As of now, the domestic quotation for sulfuric acid method pyrite type titanium dioxide is mostly between 14000-16200 yuan/ton; Sharp titanium type costs around 12700-13000 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate has been weak this week. At present, the downstream demand for titanium dioxide is not good, with light new order transactions. Downstream customers are mainly observing and waiting, and miners are under great pressure to ship. The overall market price is still weak. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1870-2100 yuan/ton; The price of 47,20 ore ranges from 2200-2280 yuan/ton; The price of 38 titanium ore excluding tax is around 1200-1280 yuan/ton. It is expected that the mainstream titanium ore in the Panxi region will operate weakly in the short term.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market price will decrease in early May. Downstream enterprises have a strong wait-and-see attitude, with light market transactions and cautious actual orders. It is expected that in the short term, the market situation of titanium dioxide will be mainly wait-and-see, and the actual transaction price will be subject to negotiation.