The price of ethylene glycol remained strong in July and slightly fell at the end of the month
In July, the price of ethylene glycol first rose and then fell, showing an inverted “V” trend. In the early stage, influenced by anti involution sentiment, the price of bulk commodities showed an upward trend, and the price of ethylene glycol steadily rose. From a fundamental perspective, in mid July, there were rumors circulating in the market that ethylene glycol was negatively affected by Zhejiang Petrochemical’s EG reduction, problems with Shenghong CDU, unplanned maintenance of Singapore Shell, delayed shipment from Saudi Arabia, and the satellite’s PE opening but EG not opening in August, as well as another cracking stop in August. These news had a relatively positive impact on the supply of ethylene glycol, coupled with low port inventory data and a significant rebound in raw coal prices. As a result, the price of ethylene glycol rose significantly.

According to the Commodity Market Analysis System of Shengyi Society, the domestic ethanol market showed a unilateral upward trend in July. From July 1st to 31st, the average price of domestic ethanol producers increased narrowly from 5655 yuan/ton to 5677 yuan/ton, with a price fluctuation of 0.38% during the period and a year-on-year price decline of 5.58%.

At the beginning of the month, with high cost support, the pressure on ethanol costs further deepened, and short-term on-site transactions were limited.
In the first half of the month, cost support weakened, supply side equipment is about to recover, downstream demand has not changed significantly, and the ethanol market is digesting the increase.
In the middle of the month, the price of raw corn decreased narrowly, and cost support weakened. At present, the domestic ethanol market is showing a weak supply-demand situation, and the ethanol market is mainly focused on consolidation and observation.
At the end of the month, the domestic ethanol market prices remained stable, with some factories experiencing price increases but no actual orders. Downstream chemical companies also made essential purchases, resulting in a slight decrease in transaction prices.
On the cost side, in the first half of the month, the center of gravity of corn prices continued to shift upwards. At present, the average weekly price of corn in China is 2437 yuan/ton, with a price increase of 15 yuan/ton. The cost of ethanol is influenced by favorable factors. The overall price of corn is still weak, the market atmosphere is weak, and spot prices continue to decline. The cost of ethanol is influenced by bearish factors.
On the supply side, there is little fluctuation in the production of edible ethanol. The Huanan plant in Heilongjiang Province produces it, while the Jixian line produces it. Laha has resumed full production. The Bayan plant is expected to shut down on the 29th, while Wanli Runda’s edible and fuel facilities have already shut down. Zhongke Green’s production and Shenglong’s plant have also shut down. The impact of ethanol supply is mixed.
On the demand side, downstream chemical delivery prices have slightly decreased, and ethanol consumption has decreased. Short term ethanol demand is influenced by bearish factors.
The future forecast shows that the supply side will increase and decrease, and the cost advantage will decrease. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market trend will mainly focus on observation and consolidation.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the month was 12566 yuan/ton, and at the end of the month it was 12833/ton, with a price increase of 2.12%.

Domestic manufacturers’ quotations for activated carbon have increased this month, with the ex factory price of coconut shell water purification activated carbon (iodine value 1000) ranging from 10000 to 13500 yuan/ton. The demand for coconut shell activated carbon in traditional fields such as water treatment and air purification continues to grow, and market demand is accelerating. Industry insiders are mostly optimistic about the future market.
Internationally, in 2024, multiple natural disasters will occur: Thailand will experience a reduction in coconut production due to drought and pest infestations, while some production areas in Indonesia will be affected by abnormal rainfall at the end of the rainy season, resulting in a decrease in coconut shell collection efficiency and supporting price increases. The import price of coconut shell carbonization material specifications, including taxes, has exceeded the 8000 yuan/ton mark.
Prediction: The domestic supply of activated carbon raw materials is tight, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been running steadily this week. The average market price over the weekend was 27200 yuan/ton, with a price increase of 1.12% and a year-on-year increase of 35.32%. On July 24th, the Business Society Bromine Index was 95.09, up 0.7 points from yesterday, down 61.22% from the highest point of 245.18 points during the cycle (2021-10-27), and up 61.39% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
This week, the price of bromine has remained stable, with a reference price of 26500-28000 yuan/ton for spot bromine production in Shandong region. Due to environmental policies, some enterprises have not fully resumed production. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, the domestic sulfur price has risen, with an average market price of 2291 yuan/ton at the beginning of the week and 2354.33 yuan/ton at the end of the week. The price has increased by 2.76%, which is 86.11% higher than the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to rise. Bromine prices are expected to rise this week, and downstream buyers are expected to purchase as needed. Bromine enterprises focus on stabilizing prices. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on July 21 was 1196 yuan/ton, a decrease of 2.97% compared to the average price of 1233 yuan/ton on July 14.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have weakened and fallen. This week, the operating rate of ammonium sulfate domestic enterprises has remained stable, while the operating rate of coking enterprises has decreased. At present, the supply of ammonium sulfate in the market is stable, but downstream procurement enthusiasm has weakened, and the market transaction atmosphere has weakened. Recently, the export market for ammonium sulfate has been average, and the market’s mentality of buying up rather than buying down has increased.
market conditions
As of July 21st, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1125 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1130-1170 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, there is no positive news in the ammonium sulfate market, with a decrease in market inquiries and cautious downstream procurement. It is expected that the domestic ammonium sulfate market price will be weak and stable in the short term.

1、 Price trend

Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example. According to data monitoring by Business Society, the domestic titanium dioxide market price has remained stable this week. The average market price of titanium dioxide this week is 13660 yuan/ton.
2、 Market analysis
The domestic price of titanium dioxide has remained stable this week. This week, the domestic titanium dioxide market has temporarily stabilized and consolidated. Upstream sulfuric acid is rising, and the low prices of Panzhihua ore are weakly stable. Overall, enterprise costs are still under pressure. Downstream demand remains sluggish, the end market falls short of expectations, and purchasing is cautious, resulting in limited new orders. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 12900-14100 yuan/ton; The price of Ruiti type is around 11900-12300 yuan/ton, and the actual transaction price is negotiable.
3、 Future forecast
The titanium dioxide analyst from Shengyi Society believes that the domestic titanium dioxide market has been stagnant and consolidating this week. Downstream market demand is poor, market transactions are sluggish, and the market is mainly deadlocked and wait-and-see. It is expected that the titanium dioxide market will remain weak and stable in the short term, with actual transaction prices subject to negotiation.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the reference average price of domestic urea market was 1838 yuan/ton, which is 0.42% higher than the reference average price of 1834 yuan/ton on July 7th.
2、 Market analysis
market conditions
The domestic urea market continued to rise and then stopped rising and fell. This week, due to higher than expected printing prices, the optimism in the nitrogen fertilizer market has increased, boosting the domestic urea market and causing urea prices to rise. The urea market has seen a rise in trading volume and increased trading volume. Due to the decline in urea futures prices over the weekend, the urea spot market prices have fallen. As of July 14th, the urea market prices in Shandong are around 1780-1835 yuan/ton, Hebei is around 1760-1810 yuan/ton, Henan is around 1780-1840 yuan/ton, Hubei is around 1810 yuan/ton, and Liaoning is around 1870 yuan/ton.
Supply and demand situation
This week, the supply and demand of the domestic urea market remained stable. On the supply side, some companies underwent equipment maintenance this week, resulting in a decrease in daily production, but the supply of urea in the market remains loose. In terms of demand, downstream essential fertilizer preparation is the main focus. At present, compound fertilizer manufacturers are following up on demand and are cautious about raw material procurement.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent trend of the domestic urea market has stopped rising and fallen. Market inventory remains high, coupled with the weakening of the futures market, downstream purchasing enthusiasm has weakened. It is expected that in the short term, the domestic urea price will be weak and mainly operated through consolidation.

According to the Commodity Market Analysis System of Shengyi Society, in early July, the domestic adipic acid market continued to decline due to negative pressure. On July 1st, the average market price of adipic acid was 7466 yuan/ton. On July 11th, the average market price of adipic acid in China was 7133 yuan/ton, a decrease of 3.17%.
Negative pressure suppresses domestic adipic acid market, causing a decline

At the beginning of July, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a weak market. As of July 11th, the average market price of adipic acid has fallen to around 7133 yuan/ton, with an overall decline of over 3%.
An analyst from Shengyi Society believes that in mid July, the rigid demand in the terminal industry was weak, and the raw material market was not good. The market for adipic acid will continue to weaken in the future.

This week, the domestic epoxy propane market price has slightly declined. According to the monitoring system of Shengyi Society, as of July 4th, the benchmark price of Shengyi Society’s epoxy propane was 7126.67 yuan/ton, a decrease of 4.68% compared to June 30th.

Price influencing factors:
Raw material side: The market price of raw material propylene fluctuates slightly, and the impact on the cost side is not significant. According to the market analysis system of Shengyi Society, as of July 3rd, the benchmark price of propylene in Shengyi Society was 6743.25 yuan/ton, an increase of 0.33% compared to the beginning of this month (6720.75 yuan/ton).
Supply side: In early July, some enterprise installations were put into operation, and the market supply was slightly loose. The trading focus of the epoxy propane market continued to decline.
On the demand side: downstream demand for epoxy propane replenishment is urgent, and the market trading atmosphere is relatively quiet. Affected by tariff policies, downstream terminal markets have limited procurement of raw materials. Overall, the demand is facing limited support from the epoxy propane market, and the market may mainly operate weakly and steadily in the later stage.
Market forecast:
Business Society’s epoxy propane analyst believes that the supply side of epoxy propane is relatively loose, downstream demand is weak, and there is a need for replenishment, cautious procurement, and a relatively quiet market trading atmosphere. It is expected that the epoxy propane market will mainly operate weakly and steadily in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market stabilized at a low level on June 30th, with a slight overall decline. As of June 30th, the average market price of n-butane oxidation maleic anhydride remained at 6250 yuan/ton, a decrease of 0.4% from 6275.00 yuan/ton on June 29th.

On the supply side: On June 30th, the market for maleic anhydride stabilized at a low level, with factory prices slightly falling. Downstream purchases were cautious, and new orders were limited. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of June 30th, the factory price of solid anhydride is around 5700 yuan/ton, and the factory price of liquid anhydride is around 5250 yuan/ton.
Upstream: On June 30th, the n-butane market rose slightly by 10 yuan/ton, and as of June 30th, the price in Shandong was around 4600-4650 yuan/ton.
Downstream: On June 30th, the unsaturated resin market was mainly weak and stable. Currently, unsaturated resin is still in the off-season, and downstream transactions are average. The support for unsaturated resin is limited, and the market has a strong wait-and-see sentiment.
The analyst of Shengyi Society’s maleic anhydride products believes that currently, the main downstream unsaturated resin of maleic anhydride maintains a strong demand for maleic anhydride procurement, and the market is mainly wait-and-see; The upstream n-butane market for maleic anhydride remains stable, with limited cost support. It is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.