1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 20th, the average quotation price of domestic high-quality DMF enterprises was 4110 yuan/ton, which remained stable compared to the same period last week. Currently, the price fluctuation range of DMF manufacturers is limited, and the focus of DMF market negotiations is stable, with a general purchasing atmosphere.
2、 Cause analysis
In terms of market, the reference price for spot delivery of DMF in Shandong and surrounding areas is 3950-4100 yuan/ton, in Jiangsu and Zhejiang areas it is 4150 yuan/ton, and in South China it is 4250-4350 yuan/ton in the Guangzhou market. Currently, the DMF market is stable, and the mainstream delivery price for DMF in East China is 4100-4250 yuan/ton in Jiangsu and 4150-4300 yuan/ton in Zhejiang.
Upstream: The mainstream price of methanol in Yulin area is reported to be 2070-2070 yuan/ton in cash exchange, and the market trading atmosphere is good. Some enterprises have performed well in bidding transactions. The ex factory price of methanol in Jining refers to 2290-2290 yuan/ton in cash exchange, and the delivery price in Linyi refers to 2340 yuan/ton.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market is expected to maintain its current trend in the short term, with limited upstream cost support and average downstream procurement demand, resulting in limited upward momentum for prices.

According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke declined in mid August. As of August 19th, the price of locally refined petroleum coke in the Shandong market was 2535.00 yuan/ton, a decrease of 1.93% from 2585.00 yuan/ton on August 11th.

The crude oil prices fluctuated in mid August, mainly due to the market waiting for the results of the US Russian leaders’ meeting, and the geopolitical situation is still expected to further ease.
In mid August, the overall market for petroleum coke in the local refining industry declined, with average shipments from refineries. Some refineries’ petroleum coke prices fluctuated significantly with indicators, and petroleum coke prices fluctuated alternately; Downstream enterprises have average enthusiasm for purchasing petroleum coke, while refineries tend to ship goods on demand. Recently, there has been a positive trend in the production of petroleum coke at ports, and port inventories have continued to decrease. Southwest silicon companies have started production one after another, which is favorable for the production of Formosa Plastics coke.
The market for calcined coke saw a slight increase in mid August, with most companies selling out their orders this month and low inventory levels. Companies have a strong willingness to push up prices for newly signed orders.
Market forecast: Currently, the trading in the local refined petroleum coke market is average, and downstream demand procurement still provides support for the petroleum coke market. However, procurement is relatively cautious, and it is expected that petroleum coke will mainly consolidate weakly in the near future.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, on August 18th, the price of baking soda remained stable, with an average market price of 1249.4 yuan/ton, a decrease of 36.26% compared to the same period last year. On August 17th, the Business Society Baking Soda Index was 82.94, unchanged from yesterday and hitting a historic low for the cycle. It has dropped 64.83% from its highest point of 235.84 on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is temporarily stable and the market is running, and the shipment of enterprises is still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1200 yuan/ton in Henan region and 1200-1300 yuan/ton in Shandong region. Due to downstream demand driven procurement, it is expected that weak operations will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash is operating steadily. The current market average price is 1234 yuan/ton, a decrease of 32.2% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been consolidating recently, and the upstream raw material soda ash has also been consolidating recently. Downstream areas of baking soda, such as pharmaceuticals, textiles, and food, have been purchasing on demand recently, with average demand enthusiasm. Overall, it is expected that the price of baking soda will mainly consolidate in the later stage, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market will operate steadily from August 8th to August 15th, 2025. On August 8th, the benchmark price of toluene was 5560 yuan/ton, and on August 15th, the benchmark price of toluene was 5560 yuan/ton, unchanged. The toluene market has been operating steadily this cycle, and some companies in the Shandong market have temporarily stopped exporting for their own use. Export companies mainly rely on pre-sales, and refinery quotations are generally stable. The East China market is mixed with negative and positive factors, and the market is temporarily stable under the mentality of supply and demand game. Although the supply in the South China region is slightly tight, the weakening of crude oil prices has dragged down market sentiment, and prices remain stable this week.

On the cost side: During this cycle, crude oil prices fluctuated mainly within a range. On the one hand, OPEC+announced a cumulative production increase of 2.3 million barrels per day until September, marking the organization’s exit from its plan to reduce production by over 2.2 million barrels per day one year ahead of schedule. This news is bearish for the oil market. On the other hand, the geopolitical situation in the Middle East is affecting the oil market, and global macro data is bearish. In addition, the fundamental impact of the upcoming off-season of US summer demand will continue to put pressure on the crude oil market price. As of August 14th, the settlement price of the US WTI crude oil futures September contract was reported at $63.96 per barrel. The settlement price of Brent crude oil futures for October contract is $66.84 per barrel.
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 August 15th, East China Company quoted 5500 yuan/ton, North China Company quoted 5500 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5600 yuan/ton.
Demand side:
On August 15th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 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 sales are normal. The price remains unchanged from August 9th. As of August 14th, the closing prices of the xylene market in Asia were $799-801/ton FOB Korea and $824-826/ton CFR China, a decrease of $15/ton from August 8th.
Market forecast: The recent fluctuations in the crude oil market range have insufficient guidance for the spot market. At present, the supply and demand sides are intertwined with negative and positive news, and the market lacks clear information guidance. It is expected that the trend of the toluene market will be stable in the short term, and the future focus will be on the trend of crude oil and downstream demand.

According to the Commodity Market Analysis System of Shengyi Society, as of August, the market price of aniline has risen, but the increase has since subsided, and the price has returned to the beginning of the month. As of the 14th, the average price of aniline has fallen to 7550 yuan/ton. The price remained unchanged at 7550 yuan/ton compared to the beginning of the month. At the beginning of the month, the factory inventory was low and actively pushed up. Along with the price increase, downstream entry into the market was cautious, with a large number of small orders and poor sales for manufacturers. The market atmosphere is deadlocked, and factories are lowering prices to stimulate sales. The raw material pure benzene has recently risen, with increased cost support and firm quotes for aniline.

Market forecast: In the short term, the price of aniline is expected to fall to the beginning of the month, accompanied by the strengthening of pure benzene prices. It is expected that the aniline market will have a strong trend in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and fell from August 4th to August 11th, 2025. On August 4th, the benchmark price of toluene was 5580 yuan/ton, and on August 11th, the benchmark price of toluene was 5560 yuan/ton, a decrease of 0.36%. The toluene market has slightly decreased in this cycle. Affected by fluctuations in crude oil prices, the toluene market experienced a narrow decline this week. The ex factory prices in Shandong region generally fell slightly during the week, mainly for personal use, and the supply in the region is relatively tight. During the week, the supply in East and South China was relatively loose, and the weakening of crude oil affected market sentiment. The listing price of Sinopec in South China was lowered, leading to a general decline in spot market prices.

Cost wise: As of the 8th, the settlement price of the September WTI crude oil futures contract in the United States was $63.88 per barrel. The settlement price of Brent crude oil futures for October contract is $66.59 per barrel. The negative factors in the crude oil market, on the one hand, OPEC+announced a cumulative production increase of 2.3 million barrels per day by September, marking the organization’s exit from the plan to reduce production by over 2.2 million barrels per day one year ahead of schedule, which is bearish for the oil market. On the other hand, the geopolitical situation in the Middle East is affecting the oil market, and global macro data is bearish. Coupled with the fundamental impact of the upcoming off-season for US summer demand, crude oil market prices will continue to be under pressure.
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 August 11th, East China Company quoted 5500 yuan/ton, North China Company quoted 5500 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5600 yuan/ton.
Demand side:
On August 11th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 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 sales are normal. The price remains unchanged compared to August 4th. As of August 8th, the closing prices of the xylene market in Asia were $814-816/ton FOB Korea and $839-841/ton CFR China, a decrease of $20/ton from August 1st.
Market forecast: The crude oil market is expected to experience wide fluctuations in the near future, with a weak market sentiment. There has been no significant change in the supply side recently, and the demand side still leans towards rigid demand. Overall, the supply and demand situation is weak, and it is expected that the toluene market will mainly experience narrow fluctuations.

price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has decreased this week. At the beginning of the week, the average price of isopropanol in China was 5883.33 yuan/ton, and the average price over the weekend was 5783.33 yuan/ton, with a price reduction of 1.7%.
The market price of isopropanol has decreased this week. The price reduction of upstream raw material acetone has limited support for isopropanol. In addition, the overall market situation of isopropanol is light, with weak demand and a strong wait-and-see sentiment in the market. The trading focus is weak, and the actual trading is cautious. As of now, most of the isopropanol market prices in Shandong are around 5650-5700 yuan/ton; The majority of isopropanol market prices in Jiangsu region are around 5800 yuan/ton.
Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fallen this week, and cost support is limited. The overall trading volume in the downstream market is light, and actual orders are cautious. It is expected that the isopropanol market will remain cautious in the short term, with a focus on weak stability consolidation.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 31st, the reference average price of the domestic urea market was 1812 yuan/ton, which is 0.90% lower than the reference average price of 1829 yuan/ton on July 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market first rose and then fell. In the first half of this month, the domestic urea market prices showed a strong upward trend. Due to the printing price exceeding expectations, the optimistic attitude of the nitrogen fertilizer market has increased, boosting the domestic urea market situation, and urea prices continue to rise. The urea market has seen a rise in trading volume and increased trading volume. In the middle and late of this month, the domestic urea market prices weakened and fell. The market inventory remains high, coupled with the poor trend of the futures market, the urea market is running weakly.
market conditions
As of July 31st, the urea market prices in Shandong are around 1740-1820 yuan/ton, Hebei is around 1750 yuan/ton, Henan is around 1730-1790 yuan/ton, and Liaoning is around 1780 yuan/ton.
According to the weekly K-bar chart from May 5, 2024 to July 21, 2025, it can be seen that the domestic urea cycle is characterized by ups and downs. The maximum increase in domestic urea in July was 1.65% in the week of July 7th, and the maximum decrease was -0.48% in the week of July 14th.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent weak and downward trend in the urea market is the main reason. At present, the urea market has sufficient supply and demand has not been fully released, coupled with poor futures market conditions. It is expected that the domestic urea market price will weaken and consolidate in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic PVC market showed a fluctuating upward trend in July, and at the end of the month, the market stopped rising and fell back, with prices still at a high level. According to the Commodity Analysis System of Shengyi Society, PVC increased by 6.96% in July.
2、 Market analysis
Basic trend: In the first half of the month, the PVC spot market showed a fluctuating trend, with prices mainly recovering moderately. But as we enter the second half of the month, the futures market has shown strong performance, with crude oil continuing to rise. Under the macroeconomic stimulus and the background of stable supply and demand in the PVC spot market, prices continue to rise and inventory continues to deplete. In the last week of the month, the PVC market returned to calm, with relatively stable supply and demand, and prices mainly falling from high levels.
In terms of inventory, there has been a significant increase in market transactions this month, and companies are rationalizing their inventory. This is mainly due to the increase in downstream market entry and procurement. However, the social inventory is still relatively large, mainly due to manufacturers maintaining a high operating rate, and there is still some supply pressure in the market in the future.
Cost side and demand: Since June, the price performance of the calcium carbide market has been sluggish. In July, the price of calcium carbide is still in a downward cycle, which to some extent limits the strengthening trend of PVC. According to the Commodity Analysis System of Business Society. As of the 31st, the monthly decline of domestic calcium carbide was 3.36%. On the demand side, the increase in downstream operating rates is average. On the one hand, there is inventory pressure, and on the other hand, the resumption of work for hard plastics is slow, with downstream operating rates generally below 50%. In terms of exports, it exhibits strong rigidity. To some extent, it supports the demand for PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that fundamentally speaking, there will be little change in supply and demand in August, and both the supply and demand sides will have some improvement, but the high supply of materials will outweigh the increase in demand. On the one hand, the high operating rate of manufacturers will lead to increased production, which in turn will push up inventory. On the other hand, the operating rate of downstream PVC product manufacturers is still sluggish, and the inventory of enterprises is high. Market procurement remains mainly for essential needs, and exports will maintain a positive trend. Taking all factors into consideration, it is expected that PVC prices will maintain a strong trend.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial grade phosphoric acid in China was 6690 yuan/ton on July 30th, and 6690 yuan/ton on July 1st. The price of 85% industrial grade phosphoric acid in China has remained stable this month.
2、 Market analysis
This month, the domestic phosphoric acid market first rose and then fell. In the first half of this month, the market price of phosphoric acid rose. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The phosphoric acid market has stable trading and downstream inquiries have increased. At the end of this month, the market price of phosphoric acid fell. The price of raw material yellow phosphorus has weakened, and cost support has weakened. The trading volume in the phosphoric acid market is light, and downstream demand for replenishment is urgent.
Market situation
As of July 30th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6300-6750 yuan/ton, in Sichuan region it is around 6350-6800 yuan/ton, and in Yunnan region it is around 6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6350-7450 yuan/ton.
In terms of cost
Raw material yellow phosphorus market. This month, the yellow phosphorus market first rose and then fell. In the first half of this month, the supply of yellow phosphorus in the market was tight, and manufacturers were reluctant to sell, resulting in an increase in the transaction price of yellow phosphorus in the market. In the second half of this month, the trading atmosphere in the market has weakened, and downstream purchases are cautious, with bearish sentiment prevailing. The transaction price of yellow phosphorus in the market is weak and declining.
3、 Future forecast
The phosphate analyst from Shengyi Society believes that the phosphate market has been stable with a weak trend in recent days. The raw material market is not good, the cost support is insufficient, and the wait-and-see attitude in the phosphoric acid market is increasing. It is expected that the domestic phosphoric acid market will be weak in the short term, mainly due to consolidation and operation.