Author Archives: lubon

Tariff easing: Isooctanol prices hit bottom and rebounded this week

Isooctanol prices rebounded and rose this week

Bacillus thuringiensis

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.

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In early May, the domestic titanium dioxide market prices were lowered

1、 Price trend

Sodium Molybdate

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.

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The domestic asphalt market first suppressed and then rebounded in April

In April, the asphalt market first suppressed and then rose, with an overall decline. According to monitoring data from Shengyi Society, the ex factory price of heavy-duty asphalt # 70 in Shandong region was 3677 yuan/ton on April 1st, and as of April 30th, the ex factory price in Shandong region was 3645 yuan/ton. On April 10th, it fell to 3423 yuan/ton, with a fluctuation of 6.9% during the month.

Sodium Molybdate

In the first half of the year, crude oil fell sharply, making it difficult for the cost side to support. The Shandong market continued to decline, and the asphalt market fell from a high level due to market competition and shipments. After the cost fell, refineries that reserved low-priced raw materials released an increase in monthly contract volume, and the market continued to bottom out.
In the second half of the year, the supply of asphalt in Shandong region was slightly tight. The demand in Shandong region was strong, and shipments were smooth. In addition, the inventory of manufacturers was low, and the bidding price was raised multiple times. Moreover, the asphalt futures market price continued to rise, and the overall trend was significantly stronger than that of crude oil. With the continuous rise of the asphalt market, mainstream brand prices have reached high levels, and some low-priced goods from the south have entered the northern market, slowing down the market growth.
From the perspective of Shengyi Society, the current asphalt fundamentals have certain support, and the demand side is expected to continue to release in May. From the cost side, it may fluctuate and weaken, and the supply side may be slightly tight during the peak demand season. We can pay attention to the starting prices of major manufacturers, and the asphalt market may show a strong operating trend in May.

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Summary of the trend of pure benzene in April (April 1-29, 2025)

1、 Price trend

Chitosan oligosaccharide

According to the Commodity Market Analysis System of Shengyi Society, the market price of pure benzene has fluctuated and fallen this month. The market price fell in the first half of the year, fluctuated and rose in the middle, and fell in the second half. On April 1st, the price was 6659.67 yuan/ton; On April 29th, the price was 5785.33 yuan/ton, a decrease of 13.13% from the beginning of the month.
2、 Market analysis
Pure benzene: The maintenance of a styrene plant in Dongying has affected the local refining market in Shandong, resulting in a decrease in market demand and a significant drop in local refining prices. In addition, the port may mainly accumulate inventory after the holiday. Traders in East China have an unstable mentality and are actively shipping, resulting in continuous price declines. According to the organization, downstream demand is insufficient, market performance is weak, and there is pressure on shipments.
This month, the price of pure benzene from Sinopec dropped by 750 yuan/ton to 6000 yuan/ton.
Downstream aspects
3、 Future forecast
Crude oil futures: On April 28th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $62.05 per barrel, a decrease of $0.97 or 1.5%. The settlement price of the main Brent crude oil futures contract was $65.86 per barrel, a decrease of $1.01 or 1.5%.
Pure benzene trading: FOB Korea fell $21 to $692/ton, CFR China fell $16 to $715/ton, FOB Rotterdam fell $19 to $650/ton, FOB Gulf rose $6 to 257 cents/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.

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The ethanol market experienced narrow fluctuations in April

According to the Commodity Market Analysis System of Shengyi Society, the domestic ethanol market experienced narrow fluctuations in April. From April 1st to 28th, the average price of domestic ethanol producers first rose from 5236 yuan/ton and then fell to 5233 yuan/ton, with a price drop of 0.05% during the period and a maximum amplitude of 0.29%. The price fell by 13.14% year-on-year.

Sodium Molybdate

In the first half of the month, the price of edible ethanol market fluctuated weakly, and the inventory pressure on the supply side of the alcohol market was not significant. With the continuous strong operation of raw material corn prices, the cost loss was obvious. Poor support on the demand side, with rigid demand transactions being the main focus.
In mid month, the main factories shipped their preliminary orders, but the inventory of the enterprise was not high, resulting in significant cost pressure. The enterprise showed a clear willingness to raise prices, and the downstream demand for replenishment before the holiday supported the overall ethanol price to be relatively stable.
At the end of the month, some factories had maintenance plans, resulting in a decrease in supply. Downstream companies stocked up before the holiday, but as stocking approached its end, market transactions weakened and ethanol prices remained stable due to low inventory pressure on enterprises.
On the cost side, in the first half of the month, corn prices remained firm, and traders’ intention to sell at low prices was slightly average, resulting in low market purchasing and sales activity. In mid month, corn prices continued to fluctuate within the range. Traders’ shipments are relatively evenly distributed, while deep processing enterprises maintain a relatively balanced supply and usage of corn. At the end of the month, after an earlier increase, some companies saw an increase in the number of vehicles arriving, resulting in a narrow decrease in corn prices. However, there were also companies that saw a narrow increase in prices, while mainstream prices remained stable. Grassroots purchasing and sales are relatively light, and some traders still sell at high prices.
Supply side, stable operation of supply side. There are unlikely to be major favorable factors in the supply of ethanol.
On the demand side, downstream chemical rigid demand procurement has seen a slight weakening in transactions, with some regions experiencing a decrease in delivery prices and rigid demand transactions. The short-term demand for ethanol has a moderate impact.
Future forecast: Limited supply, partial orders shipped, downstream stocking nearing completion. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.

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On April 27th, the cyclohexane market remained stable

1、 Price trend

Benzalkonium chloride

According to data monitored by Shengyi Society, as of April 27th, the average price of industrial grade high-quality cyclohexane in China was 7600 yuan/ton. Currently, the cyclohexane market is operating steadily, with transaction prices remaining around 7500 yuan/ton. The market supply of cyclohexane is sufficient, and the overall market supply and demand are balanced. The focus of negotiations is narrow and weak.
2、 Market analysis
Downstream: The downstream cargo flow is generally stable, with limited demand for caprolactam and loose supply. Currently, the overall operating rate is relatively stable. Overall, the caprolactam market is expected to operate steadily in the short term with limited demand.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the upstream support for cyclohexane is insufficient, the upward momentum is weak, and the downstream purchasing atmosphere is average.

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Weak demand, epoxy propane market prices continue to decline

This week, the market price of epichlorohydrin has been continuously declining, reaching its lowest point this year. According to the monitoring and analysis system of Shengyi Society, as of April 25th, the benchmark price of Shengyi Society’s epoxy propane was 7150 yuan/ton, a decrease of -10.49% compared to early April.

Benzalkonium chloride

Price influencing factors:
Supply side: Due to the continuous decline in epoxy propane prices, many epoxy propane production enterprises are in a state of sustained losses, and some enterprises have reduced their losses and stopped production. Overall, the supply side has weak support for the epoxy propane market.
Raw material side: The market price of raw material propylene has shown a downward trend, which provides weak support for the cost of epoxy propane. According to the market analysis system of Shengyi Society, as of April 25th, the benchmark price of propylene in Shengyi Society was 6710.75 yuan/ton, a decrease of -0.52% compared to the beginning of this month (6745.75 yuan/ton).
On the demand side, the downstream polyether market’s capacity utilization rate has decreased, inventory has accumulated, and most enterprises have experienced a negative load reduction phenomenon. Pre May Day, stocking up on demand is the main focus, and the trading atmosphere is cold. The downstream terminal market is affected by tariff policies, resulting in a significant decrease in export orders and limited procurement of raw materials. Overall, the demand is facing insufficient support from the epoxy propane market, and it is expected that the price of epoxy propane will continue to decline in the later stage.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the downstream demand side of epoxy propane is weak, and pre holiday stocking is mainly based on demand. The market trading atmosphere is cold, and the demand support is insufficient. It is expected that the epoxy propane market will continue to bottom out in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

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Demand rebounds, isooctanol prices stop falling and rebound

This week, the price of isooctanol has stopped falling and rebounded

Benzalkonium chloride

According to the Commodity Market Analysis System of Shengyi Society, as of April 21st, the price of isooctanol was 7533.33 yuan/ton, a fluctuating increase of 1.57% compared to the price of 7416.67 yuan/ton on April 17th; Compared to the price of 7850 yuan/ton on April 4th, the price of isooctanol has decreased by 4.03%. Isooctanol enterprises are operating steadily at a low level, and the supply from isooctanol manufacturers is temporarily stable; Plasticizer manufacturers are operating steadily at a low level, while demand for isooctanol is weak. Downstream plasticizer prices have stopped falling and risen, and the downward pressure on isooctanol has weakened while the upward support has increased.
Downstream plasticizer DOP prices have stopped falling and risen this week
According to the Commodity Market Analysis System of Shengyi Society, as of April 21st, the DOP price was 8159.16 yuan/ton, which fluctuated and stabilized compared to the DOP price of 8159.16 yuan/ton on April 14th; Compared to April 17th, the DOP price of 8142.50 yuan/ton fluctuated and rose by 0.20%. The production of plasticizer DOP enterprises is stabilizing at a low level, and the output of plasticizer DOP is stable. However, the demand for isooctanol remains weak, and the support for isooctanol demand is weakening. The downward pressure on isooctanol still exists.
Future expectations
According to the data analyst of Shengyi Society’s octanol products, plasticizer companies are stabilizing at low levels of production, while downstream demand for isooctanol remains weak. Isooctanol manufacturers are stabilizing at low levels of production, and there is sufficient supply of isooctanol. The supply and demand of isooctanol are weak, and it is expected that the price of isooctanol will fluctuate and consolidate in the future market.

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Bromine prices have fallen this week (4.14-4.18)

1、 Price trend

Melamine

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has fallen this week. The average market price at the beginning of the week was 37500 yuan/ton, and the average market price over the weekend was 35800 yuan/ton, a decrease of 1.53% and an increase of 92.47% compared to the same period last year. On April 17th, the Business Society Bromine Index was 125.61, a decrease of 3.16 points from yesterday, a decrease of 48.77% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 113.19% 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 is weak, with a reference price of 35000-36000 yuan/ton for spot bromine production in Shandong region. With the early rise in bromine prices and downstream resistance, there is a trend of on-demand procurement, and it is expected that bromine prices will be weak in the later period. In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2437.67 yuan/ton at the beginning of the week and 2341 yuan/ton at the end of the week, a decrease of 3.97% and an increase of 88.28% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain weak in the near future, while upstream sulfur prices are expected to be average. Bromine prices have previously increased, but downstream demand has been resistant, and imported bromine supplements are slow. Overall, it is predicted that bromine prices may continue to be weak in the later period, depending on downstream market demand.

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Crude oil prices decline widely, toluene market declines

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and rose from April 7th to April 14th, 2025. On April 7th, the benchmark price of toluene was 6230 yuan/ton, and on April 14th, the benchmark price of toluene was 5840 yuan/ton, a decrease of 6.26%. This week, crude oil prices have fallen sharply, with good sales in Shandong region and generally low inventory in factories. Therefore, the downward adjustment this week is relatively small. Due to the drag of crude oil, prices in the East China region have fallen sharply, and the market sentiment is weak. Overall, due to the overall decline in crude oil and aromatic hydrocarbon markets, the toluene market generally declined during the week.

Sodium Molybdate

Cost wise: The international oil price market has experienced a significant decline. As of April 11th, the settlement price of the main contract for WTI crude oil futures in the United States was $61.50 per barrel, and the settlement price of the main contract for Brent crude oil futures was $64.76 per barrel. On the one hand, the US tariff trade war and tariff trade barriers have had a huge impact on the global economy, increasing uncertainty in the future. The market believes that the risk of the United States falling into an economic recession has increased, and this will have a huge negative impact on global economic growth. On the other hand, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced future production increases, which also had a negative impact on crude oil and led to a significant decrease in international oil prices.
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 April 14th, East China Company quoted 5700 yuan/ton, North China Company quoted 5850 yuan/ton, South China Company quoted 5800-5900 yuan/ton, and Central China Company quoted 5850 yuan/ton.
Demand side:
On April 14th, the price of xylene in the petrochemical sales company was temporarily stable, and the current execution price is 6800 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and selling normally, with a price reduction of 400 yuan/ton compared to April 7th. As of April 11th, the closing prices of the xylene market in Asia were 709-711 US dollars/ton FOB Korea and 734-736 US dollars/ton, a decrease of 69 US dollars/ton from the 4th price.
Market forecast: Affected by the news of US tariffs, the overall commodity market will weaken, crude oil prices will decline widely, the atmosphere in the spot market will be weak, and the bearish sentiment in the aromatics market will be strong in the future. On the demand side, the downstream overall maintains on-demand procurement, but the demand is urgent. Overall, the toluene market is still under pressure, and it is expected that the market will mainly operate weakly in the short term.

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