1、 Price trend

This week, the aniline market continued its upward trend. On August 10th, the price of aniline in the market was 11525 yuan/ton, and on August 14th, it was 11925 yuan/ton. The price increased by 3.47% during the week and 57.96% compared to the same period last year.
2、 Analysis and Review
Multiple sets of aniline maintenance and production fluctuations within the week have led to a continuous tightening of supply. The factory’s quotation has increased twice, causing tight supply and reduced inventory to a low level. Traders have increased their prices for sales. As of this Friday, the mainstream domestic price for aniline is 11900-12000 yuan/ton.
On the cost side, the pure benzene market is experiencing strong fluctuations. Due to the impact of typhoons, the unloading of pure benzene cargo has been postponed, inventory at Jiangsu’s main ports continues to decline, and the restart time of some pure benzene facilities has been delayed, resulting in lower than expected production returns. As a result, the focus of pure benzene negotiations has increased. Downstream varieties maintain negative demand feedback, resulting in overall low downstream load. Overall, although the increase in supply is slightly lower than expected, the demand side is still weak, so the rebound space for pure benzene is limited.
3、 Future expectations
The current price of aniline has risen to a high level, and the market is digesting the increase. Under high costs, the downstream market’s enthusiasm for entering the market has weakened, with rigid demand being the main factor. It is expected that there will be significant resistance to the continued rise of aniline in the short term, and we will closely monitor changes in costs and demand.

1、 Price trend

In the first half of August 2026 (8.1-8.12), the overall market situation of Shandong’s n-propanol showed a weak downward trend. The market price of n-propanol adjusted downward one after another, and the focus of negotiations shifted towards the low level. The cumulative downward adjustment in the second half of the year was about 200 yuan/ton. On August 12th, the reference price of Shandong’s n-propanol was 7100 yuan/ton, a decrease of 2.74% in the first half of the year.
2、 Market influencing factors
On the demand side: Currently, downstream demand for n-propanol is weak, and downstream industries such as traditional coatings, inks, and pharmaceutical intermediates are operating at a low level, resulting in insufficient follow-up of end product orders. Downstream enterprises tend to purchase on demand and lack the willingness to stock up in large quantities, resulting in weak market transaction follow-up. Intermediaries have a cautious attitude towards hoarding, making it difficult to support high prices.
On the supply side: Currently, the pressure on the supply side of the n-propanol market is still acceptable, and the overall operation of domestic n-propanol production enterprises is stable. The supply of goods is sufficient, and there is no significant tightening of spot supply. Against the backdrop of sustained weak demand, factories and traders actively lowered their quotes to stimulate transactions and drive prices down in order to promote shipments.
In terms of market mentality: The price of n-propanol in the early stage of the market has been sideways for a long time, and the market has a strong wait-and-see sentiment. As trading continues to remain sluggish, traders’ expectations for the future have weakened, and some holders have given priority to lowering prices and selling their goods. The market atmosphere of offering discounts for shipments has spread.
3、 Outlook for future market trends
In the short term, there is currently no clear positive driving force for n-propanol: downstream demand is difficult to quickly recover in the short term, spot supply is sufficient, and market bearish sentiment has not been fully digested. It is expected that the short-term price of Shandong n-propanol will mainly fluctuate weakly.

Recently, the domestic butyl acrylate market has stabilized and rebounded from a low level, and the logic of this round of price rebound has been sorted out from the dimensions of cost, supply, demand, and industry entity operations, presenting a complete picture of the phased changes in the chemical monomer market.
1、 Market price trend: rapid repair in the low range
Data monitoring shows that in early July, the average transaction price of butyl acrylate in the East China region fell to 6750 yuan/ton, hitting the bottom range of prices in the past three years. Market transactions are mainly based on low inventory and urgent replenishment, with no sustained upward support logic. Since mid July, the market price has opened a continuous upward channel. As of July 16th, the mainstream quotation in the region has risen to 7850 yuan/ton, with a cumulative increase of 1100 yuan/ton in the interval; On July 15th, the ex factory quotation for butyl acrylate in the North China region of China, a leading domestic enterprise, was adjusted to 8300 yuan/ton, with a daily increase of 800 yuan/ton. The significant price adjustment by the leading enterprise led to a synchronous shift in the market’s spot center of gravity. By mid to late July, the transaction range of the mainstream domestic market remained stable at 8000-8300 yuan/ton, with an increase of over 15% compared to the low point at the beginning of the month, and the market completed a bottoming out and rebound trend.
2、 Core driving factors for price increase
（1） Rigid increase in upstream raw material costs
Acrylic is the core raw material for the production of butyl acrylate. At the beginning of this round of market trend, the spot price of acrylic acid rose first, coupled with the disturbance of international geopolitical situation, which pushed up the prices of basic energy products such as crude oil and propane. The cost of the propylene industry chain rose synchronously, and the cumulative cost increase on the raw material side exceeded 1200 yuan/ton, directly forming a bottom support for the price of butyl acrylate and reversing the previous cost inversion and industry loss pattern. The rise in upstream raw material prices has formed a top-down transmission chain, driving the simultaneous increase in ex factory prices of ester products such as acrylic acid and butyl acrylate.
（2） Top production enterprises concentrate on raising prices, while the supply side tightens
The leading enterprises in the domestic butyl acrylate industry have synchronously adjusted their factory quotations, and the expectation of market supply contraction has increased. From July 14th to 16th, multiple companies increased their quotations for acrylic acid and butyl acrylate products across the entire line, with a single price adjustment of up to 800 yuan/ton in some regions; Wanhua Chemical continuously raised product prices from July 13th to 15th, with a single increase of 200-400 yuan/ton; Huayi Group is synchronously following up on price adjustments, with a single increase of 100-500 yuan/ton.
At the same time, multiple production facilities in the industry have experienced reduced production and negative load operations, resulting in a decrease in the available shipment volume of enterprise spot goods. The overall inventory in the market has fallen back to the low level of the year, and the low inventory state has strengthened the confidence of spot prices and eased the previous loose supply situation.
（3） Downstream industries urgently need to replenish inventory and release demand support
Butyl acrylate is mainly used in downstream industries such as coatings, water-based lotion and adhesives. In the first ten days of July, downstream lotion enterprises concentrated on carrying out contract picking and spot replenishment operations, centralized release of just needed procurement, consumption of market circulation resources, and improvement of the current situation of light transactions in the early stage. Under the background of continuous rising raw material prices, the downstream lotion product quotations were raised on a trial basis, and the price transmission channel of the industrial chain was gradually opened, forming a two-way positive market between supply and demand.

3、 The impact of industrial chain linkage
The price increase of butyl acrylate has driven synchronous fluctuations in upstream and downstream products. The demand for upstream acrylic monomers is expected to improve, and market quotations are synchronously strengthening; Products such as methyl acrylate and ethyl acrylate in the same industry chain maintained a narrow adjustment, while isooctyl acrylate saw a slight increase; Styrene, MMA and other lotion supporting raw materials rose at the same time. In the middle and late July, the mainstream market price of styrene was 8750-8800 yuan/ton, with a weekly increase of nearly 1000 yuan. The MMA market price stood above 10300 yuan/ton. The cost of all lotion raw materials plate rose at the same time, and the cost pressure of middle and downstream production enterprises increased significantly.
4、 Prediction of future market operation
From the perspective of comprehensive industry information, the short-term butyl acrylate market is still supported by both cost and low inventory, and the probability of maintaining a strong spot price in early August is relatively high. In the medium to long term, the industry’s plan to resume production of equipment is gradually being implemented, and the estimated production in August has significantly increased compared to the previous month. The increase in supply will gradually alleviate the current tight spot market situation; The terminal demand of downstream coatings and lotion industry has limited increase, and the space for continuous sharp price rise is limited. The market may change from unilateral upward movement to interval shock operation.
Industry institutions remind that the core market observation indicators in the future will focus on three dimensions: the trend of upstream propylene raw material prices, the operating load of domestic butyl acrylate enterprises, and the operating rate of downstream terminal coating industry. The changes in these variables will directly determine the fluctuation range of market prices.

This week, the styrene market experienced a weak decline, with an average price of 9064 yuan/ton on July 27th and 8690 yuan/ton on July 31st, a decrease of 1.13% during the cycle and a year-on-year increase of 12.95%.
Macro: On July 30th, international crude oil futures closed down. The settlement price of the September WTI crude oil futures contract in the United States was $83.59 per barrel, a decrease of $0.87 or 1.0%. The settlement price of Brent crude oil futures for October was $86.88 per barrel, a decrease of $1.21 or 1.4%.

Cost wise: The decline in crude oil prices has driven down the prices of chemical products. During the week, the production of pure benzene remained low, downstream losses continued, procurement enthusiasm was not high, downstream resistance to high priced sources of goods, port inventory accumulated, and pure benzene prices fluctuated widely.
Supply and demand side: During the week, some styrene plants unexpectedly reduced their load, and the industry’s operating capacity dropped to around 60%. Due to limited follow-up on terminal demand, the resistance to high prices is maintained, and the three major downstream industries are operating at a relatively low level. The overall supply and demand pattern of styrene is relatively loose, and the weekly styrene port inventory has increased. And with the end of the month delivery of paper goods, there is a lack of follow-up on replenishment demand.
Styrene external market: On July 30th, the closing price of styrene in the Asian region rose by $10/ton, and the FOB closing price in South Korea was $1120-1130/ton. The closing price of CFR China is 1135-1145 US dollars per ton.
Market forecast: The current styrene market is constrained by demand and prices are weakening. Looking at the future, it is expected that the supply side inventory will tighten, and the fundamentals are expected to improve. It is expected that the styrene market will have a strong trend in the short term.

Significant increase in ethylene oxide prices in July 2026
The price of ethylene oxide will increase in July 2026. As of July 30th, the average market price of epoxyethane in China was 7600 yuan/ton, an increase of 11.76% compared to the market average price of 6800 yuan/ton at the beginning of the month (7.1).
On July 30, 2026, the mainstream market ex factory listing prices of ethylene oxide in various regions of China are as follows: the ethylene oxide market in East China is priced at 7600 yuan/ton for external transactions; The listed price of ethylene oxide in the South China market is 7400-7500 yuan/ton; The listed price of ethylene oxide in North China is 7400 yuan/ton; The listed price of ethylene oxide in the Central China region is 6800-7750 yuan/ton.
In July 2026, the price of ethylene oxide hit bottom and rebounded, relying on crude oil to push up the price of ethylene to form a stable cost support. Coupled with the concentrated maintenance of multiple sets of equipment in the industry causing a temporary supply contraction, the strengthening of the co production of ethylene glycol market forced enterprises to tilt production capacity and compress the external source of commodity ethylene oxide. Combined with the early oversold of products, downstream demand was replenished at a low level, and the macro sentiment of the chemical industry rebounded, multiple positive factors resonated to drive prices upward.
Future forecast
In August, the increase in supply of ethylene oxide was mainly due to the concentrated resumption of production by maintenance units, weak downstream traditional off-season procurement, and the suppression of price increases by multi headed profit taking shipments in the early stage; At the same time, crude oil and ethylene have built a stable cost bottom, coupled with the strong diversion of commodity EO output in the ethylene glycol market, the expectation of stocking up during the peak season at the end of the month, and the stable macro market in the chemical industry, which have formed a downward protection for the market. The overall market is constrained by two-way factors, showing a pattern of high-level weak oscillation.

This week, the TDI market in East China experienced narrow fluctuations. As of July 24th, the average market price in East China was 16533 yuan/ton, and on July 20th, the average price was 16633 yuan/ton, with a weekly decline of 0.60% and a year-on-year increase of 16.16%.

The TDI market has been deadlocked this week. On the one hand, the supply side continues to tighten, with news of major factories stopping reporting and selling, and the supply side raising prices On the other hand, downstream demand remains cold, with low enthusiasm for entering the market. Traders operate cautiously, and market transaction prices have slightly loosened.
Supply side: The 200000 ton domestic Wanhua plant is undergoing maintenance for a period of 25 days. There is a maintenance plan for the 150000 ton plant in Gansu in early August. A set of TDI equipment in Fujian is temporarily shut down.
Cost aspect: Recently, the toluene market has been operating at a high level, boosted by the rise in crude oil prices and its own supply and demand, causing prices to rise to a high level. After a continuous rise, there is a lack of new bullish stimulus, and there is insufficient downstream willingness to chase higher prices. The risk of high-level pullback is gradually accumulating. It is expected that the pace of toluene price increase will slow down in the short term.
In terms of future analysis, TDI data analysts believe that under the current supply-demand game in the TDI market, the market is in a state of stagnation and consolidation. Without a significant improvement in demand, it is expected that the TDI market will fluctuate within a certain range in the short term.

From July 10th to 17th, 2026, the domestic toluene market rose, with the price of toluene in the Shandong region increasing from 5977.67 yuan/ton to 6500 yuan/ton, an increase of 8.74% during the period.

During the cycle, favorable market factors were concentrated, with strong cost support and tight supply of on-site goods, jointly driving up the price of toluene. Overall, this round of price increases is driven by both cost and supply and demand. However, as prices continue to rise, the market’s incremental momentum weakens, and downstream purchases tend to be cautious. Currently, the spot market is fluctuating at a high level.
Cost aspect: Crude oil oscillation weakens, support strength continues to be insufficient
The international crude oil trend is relatively strong this cycle, and the cost support of the aromatic hydrocarbon industry chain is significant. The steady increase in crude oil prices has driven up the prices of upstream raw materials such as naphtha, and the production cost of toluene continues to rise. The bulk aromatics showed strong synchronicity during the night trading, although the intraday fluctuations were limited, the overall atmosphere was positive, providing sustained cost support for the spot price of toluene and becoming one of the core driving factors for this round of price increases. As of July 16th, the settlement price of the August contract for WTI crude oil futures in the United States was $78.28 per barrel. The settlement price of Brent crude oil futures for September contract is $84.23 per barrel.
Supply side: Continuous tight supply and low inventory levels
Domestic toluene supply continues to be tight, and inventory remains at a low level. On the one hand, the maintenance of mainstream refinery facilities continues to have an impact, and the output of domestic sources of goods is limited; On the other hand, there is insufficient replenishment of imported resources, significant depletion of port inventory, and the tight distribution of goods in the spot market has not changed. Spot resources are scarce in major production areas such as Shandong and East China, and industry players have a strong willingness to raise prices. This further strengthens their price action power, coupled with cost benefits, supports a significant increase in toluene prices in this period.
Demand side: Urgent replenishment of inventory
Downstream demand is showing a trend of “stable demand and cautious pursuit of high demand”. Traditional fields such as coatings, inks, adhesives, etc. require stable demand to support basic procurement needs; However, after the continuous and rapid rise in toluene prices, downstream enterprises have faced increased cost pressure, and their willingness to replenish at high levels has weakened. They mainly follow up on small orders for urgent needs, and their buying sentiment tends to be cautious. The performance of oil blending and export demand is still acceptable, forming a certain marginal support for the market, but it is difficult to drive large-scale centralized procurement, and the overall trading activity is average, failing to form incremental benefits that can continuously drive the market.
Market forecast:
The short-term toluene market is likely to maintain a high range oscillation pattern. On the positive side, the support for crude oil costs remains, and the fundamentals of tight domestic supply and low inventory continue, with stable price support at the bottom; On the negative side, there is a lack of new positive stimuli after consecutive gains, and there is insufficient downstream willingness to chase higher prices. The risk of high-level pullbacks is gradually accumulating. It is expected that the pace of toluene price increase will slow down in the short term, mainly characterized by high-level consolidation and range fluctuations. It is necessary to focus on the trend of crude oil, refinery operation dynamics, and changes in downstream procurement rhythm.

1、 Price trend

Bromine prices have risen this week. The average market price at the beginning of the week was 27200 yuan/ton, and the average market price over the weekend was 29000 yuan/ton, with a price increase of 6.62%, which is 14.62% higher than the same period last year. On July 9th, the Business Society Bromine Index was 98.60, an increase of 0.35 points from yesterday, a decrease of 59.97% from the highest point of 246.32 points during the cycle (2026-04-07), and an increase of 67.35% 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
Bromine prices have been rising this week. The bromine market in Shandong region is rising and operating, with manufacturer prices referencing 28000-29500 yuan/ton. Actual transactions are weak, and there is a strong wait-and-see sentiment. The bromine industry has started production due to rainfall, resulting in a decrease in operating load and supply. In terms of demand, however, downstream industries have average demand and continue to make essential purchases.
In terms of raw materials, the overall price of domestic sulfur has been declining this week. The average market price at the beginning of the week was 8935.67 yuan/ton, and the average market price over the weekend was 8885.67 yuan/ton, a decrease of 0.56% and an increase of 285.61% compared to the same period last year. Downstream demand is still acceptable.
Prediction: The price of bromine is expected to rise in the near future. Although the upstream sulfur price has been weak recently, the supply of bromine has been affected by rainfall, and downstream purchases are mostly made on demand. Downstream is in the off-season of the industry, and the overall trading atmosphere is quiet. The comprehensive supply-demand game predicts that bromine prices will consolidate in the later stage, depending on downstream market demand.

1、 Price trend
As of July 9th, the reference average price of urea market in Shandong Province, China is 1803 yuan/ton, which is 0.55% lower than the reference average price of 1813 yuan/ton on July 1st.
2、 Market analysis
market situation
Entering July, the domestic urea market is running weakly. The urea futures market is weakening, which is bearish for the spot market. At present, the urea market has sufficient supply but weak demand. As of July 9th, the urea market prices in Shandong are around 1755-1810 yuan/ton, Hebei is around 1760-1850 yuan/ton, Henan is around 1740-1800 yuan/ton, Hubei is around 1720-1770 yuan/ton, and Liaoning is around 1850-1880 yuan/ton.
Supply and demand situation
In terms of supply, the current operating rate of urea enterprises is over 90%, and daily production and inventory are at a high level. In terms of demand, the current demand for urea in agriculture and industry is flat. Downstream enterprises purchase on demand, the market trading atmosphere is light, and demand needs to be released.
3、 Future forecast
Business Society’s urea analyst believes that the recent downward trend in the domestic urea market is the main reason. At present, the urea market is oversupplied and transactions are cautious. It is expected that the domestic urea market will continue to consolidate and operate weakly in the short term.

1、 Price trend
On July 3rd, the average market price of domestic grade ammonium sulfate was 1173 yuan/ton, which was 6.63% lower than the average market price of 1256 yuan/ton on June 29th.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices continued to decline in a weak trend. The operating rate of internal level equipment has decreased, and the market supply has decreased. This week, the urea market continues to weaken, which is bearish for the ammonium sulfate market. At present, the demand for ammonium sulfate terminals is decreasing, and the market is mainly cautious. The mentality of buying up and not buying down has increased, and downstream buyers are seeking bottom purchases.
market situation
As of July 3rd, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 970-1050 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1130-1220 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market is mainly downward. At present, the market price of ammonium sulfate has dropped significantly, and the trading atmosphere in the market is not good, with demand waiting to be released. It is expected that the short-term ammonium sulfate market will continue to weaken and decline.