1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the aniline market fluctuated and fell in May. On May 1st, the market price of aniline was 7532 yuan/ton, and on May 29th it was 7225 yuan/ton, a decrease of 4.08% during the month and a decrease of 40.5% compared to the same period last year.
2、 Analysis and Review
The aniline market in May was mainly affected by raw materials and its own supply and demand. At the beginning of the month, the shipment of pure benzene during the festival was not smooth, and the company’s quotation was lowered. After the holiday, aniline companies lowered their prices accordingly, and the price of aniline fell to 7000 yuan/ton. In the middle of the month, both China and the United States reached an agreement to reduce tariffs, which is beneficial for the commodity market. The raw material pure benzene continues to strengthen, and the listing of pure benzene continues to rise, boosting market confidence. Aniline also rose. At the end of the month, with the weakness of raw materials, the aniline market experienced sluggish sales, and some companies had high inventory, resulting in reduced prices for aniline.
Pure benzene: The pure benzene market fluctuated greatly in May, with overall prices rising compared to the beginning of the month. Supported by news of the adjustment of tariffs between China and the United States, the mid month market saw a wide rise in pure benzene prices. Subsequently, all the positive news dissipated, and the market returned to supply-demand imbalance, with prices falling weakly. On May 1st, the average price of pure benzene was 5708 yuan/ton, and the average price at the end of the month was 5800 yuan/ton, with a monthly increase of 1.61%.
3、 Future expectations
The current aniline market has weak supply and demand. The raw material pure benzene remains weak, and it is expected that the aniline market will operate weakly in the short term.

1、 Price trend

According to data monitored by Shengyi Society, as of May 28th, the average price quoted by domestic high-quality DMF enterprises was 4110 yuan/ton, and the DMF market remained stable this week.
2、 Market analysis
On the demand side: Downstream demand is weak, and the overall market supply-demand balance is mainly adjusted narrowly. Upstream market shipments are average, and end support is weak.
3、 Future forecast
DMF analysts from Shengyi Society believe that in the short term, DMF prices will remain stable and there is limited room for price increases.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 23, the reference average price of domestic urea market was 1912 yuan/ton, which is 1.27% lower than the reference average price of 1936 yuan/ton on May 19.
2、 Market analysis
market conditions
The domestic urea market continued to decline this week. As of May 23rd, the urea market prices in Shandong are around 1850-1920 yuan/ton, Hebei is around 1880 yuan/ton, Henan is around 1890 yuan/ton, Hubei is around 1880 yuan/ton, and Liaoning is around 1920-1960 yuan/ton.
Supply and demand situation
In terms of supply, the urea market is currently well supplied, and inventory remains high. In terms of demand, downstream compound fertilizer companies are in urgent need of restocking and purchasing cautiously, waiting for the release of summer fertilizer demand.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent downward trend in the domestic urea market is the main reason. At present, there is insufficient market demand, and downstream purchasing intentions have weakened, waiting for industrial and agricultural demand to follow up. At present, the market is adopting a wait-and-see attitude, and it is expected that in the short term, the domestic urea price will be weak and the main trend will be consolidation and operation.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the week was 12233 yuan/ton, and the price of activated carbon at the end of the week was 12266/ton, with a price increase of 0.27%.

Most domestic activated carbon manufacturers have stable quotes this week, with some rising. The ex factory price of activated carbon for coconut shell water purification in East China is between 8800-13000 yuan/ton, and the market transaction atmosphere is active. Industry insiders are mostly optimistic about the future market.
Internationally, Southeast Asia, as the main source of coconut shells worldwide, will face multiple natural disasters in 2024. 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. In the short term, the import price of coconut shell charcoal will continue to operate at a high level.
Prediction: Due to the tight supply in the international coconut shell activated carbon market, it is expected that the price of activated carbon will mainly fluctuate and strengthen in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first fell and then rose in mid May, indicating an overall price decline. On May 10th, the average price of isopropanol in China was 6775 yuan/ton, and on May 19th, the average price was 6750 yuan/ton, with a price reduction of 0.37%.
In mid May, the market price of isopropanol first fell and then rose, indicating an overall decline in prices. In mid May, the isopropanol market was average, with low trading enthusiasm and weak demand, resulting in a decrease in factory ex factory quotations. In the later stage, the center of gravity of acetone raw material in the market has increased, with strong cost support and improved market sentiment, resulting in an upward adjustment of on-site prices. As of now, most of the isopropanol market prices in Shandong are around 6600-6900 yuan/ton; The majority of isopropanol market prices in Jiangsu region are around 6700-6900 yuan/ton.
In terms of raw material acetone, the domestic acetone market price has risen. On May 10th, the average price of acetone in China was 5685 yuan/ton, and on May 19th it was 5805 yuan/ton, with a price increase of 2.11%. The price of raw material pure benzene has risen, and the market confidence of holders is good, with an upward focus on the offer center. It is expected that the acetone market will experience narrow fluctuations in the short term.
In terms of propylene, the domestic propylene market first rose and then fell, with a slight increase in overall prices. On May 10th, the market average price was 6630.75 yuan/ton, and on May 19th, the average price was 6645.75 yuan/ton, with a price increase of 0.23%. At present, there is no pressure on the manufacturer’s inventory, and downstream procurement is average. We are cautious and observing, and it is expected that the market will experience slight fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the acetone market price has risen, while the propylene price has slightly increased, and the cost support is still acceptable. The downstream market procurement enthusiasm is average, and the market is still cautious and cautious. It is expected that the isopropanol market will experience narrow fluctuations in the short term, with a focus on changes in the raw material market.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of aniline has risen sharply this week. On May 12th, the market price of aniline was 7032 yuan/ton, and on May 16th it was 7620 yuan/ton, with an increase of 8.43% during the period and a decrease of 32.33% compared to the same period last year.
2、 Analysis and Review
This week, the aniline market in Shandong has been boosted by costs, with prices rising significantly from weak to strong. During the week, both China and the United States reached an agreement to reduce tariffs, which is beneficial for the commodity market. The raw material pure benzene continues to strengthen, and the listing of pure benzene continues to rise, boosting market confidence. Aniline prices have risen accordingly. The trading atmosphere in the venue has improved, with a focus on essential needs.
Cost wise: The high-level economic and trade talks between China and the United States have reached a consensus, and market concerns about the risk of trade disputes have weakened, leading to an increase in international oil prices. Affected by macro positive factors and the rise in external prices of pure benzene, market sentiment has rapidly improved, and pure benzene industry players have good confidence, leading to a continuous increase in pure benzene prices.
3、 Future expectations
The current price of pure benzene raw material has risen to a high level, and whether it can continue to rise depends on market feedback. Downstream demand for aniline remains high, and the speed of high priced goods is slowing down. It is expected that the aniline market will digest and consolidate in the short term.

On May 12th, the market price of epichlorohydrin remained stable. According to the monitoring and analysis system of Shengyi Society, as of May 12th, the benchmark price of Shengyi Society’s epichlorohydrin was 8900 yuan/ton, a decrease of -1.11% compared to early May.

Price influencing factors:
Raw material side: The market for raw material propylene glycerol is mainly fluctuating and consolidating. According to the market analysis system of Shengyi Society, as of May 9th, the benchmark price of propylene in Shengyi Society was 6653.25 yuan/ton, an increase of 1.26% compared to the beginning of this month (6570.75 yuan/ton).
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. Overall, the demand for epichlorohydrin has weakened, with weak upward momentum and mainly stable operation.
Market forecast: Analysts from Shengyi Society believe that downstream market demand is weak, traders’ purchasing mentality is not positive, and market trading is not smooth. It is predicted that the epoxy chloropropane market will experience weak growth in the later stage or continue to operate steadily, and more attention still needs to be paid to changes in market supply and demand.

According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has been actively pushing up this week. As of May 9th, the average market price in East China was 11166 yuan/ton, and as of May 5th, the average price was 10733 yuan/ton. Within the week, it increased by 4.04% and decreased by 24.55% year-on-year.

This week, the TDI market has shown a strong trend. The maintenance of major factories in Shanghai is imminent, and there have been frequent news of price increases from mainstream factories. Under the expectation of reduced supply, suppliers are actively pushing up prices, while intermediaries are raising their prices. The attitude towards downstream market entry is cautious, with a focus on essential needs. There is a shortage of new orders in the market, and high priced goods lack actual order support. The market needs support from the demand side.
Supply side: Wanhua and Gansu are operating at medium to high loads, while BASF has maintenance plans.
Cost wise: The price of toluene continues to decline, with an average price of 5390 yuan/ton at the beginning of the week and 5292 yuan/ton over the weekend, a decrease of 1.85% during the week. Downstream demand is dominant, with average enthusiasm for entering the market.
According to the analysis of the future market, TDI data analysts from Shengyi Society believe that after the holiday, downstream purchasing enthusiasm is average, and some are more resistant to high priced goods. It is expected that the TDI market will mainly digest the increase in the short term and maintain a range oscillation operation.

1、 Price trend

According to monitoring data from Shengyi Society, the price of baking soda has been running weakly this month. The average market price at the beginning of the month was 1498 yuan/ton, and the average market price at the end of the month was around 1290.4 yuan/ton, a decrease of 13.86% and a year-on-year decrease of 45.24%. On April 29th, the Business Society Baking Soda Index was 85.90, unchanged from yesterday and hitting a historic low for the cycle, a decrease of 63.58% from the 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 running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1300-1450 yuan/ton in Henan region and 1400-1600 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Raw materials: According to monitoring data from Business Society, the overall price of soda ash fell in April. At the beginning of the month, the average market price of light soda ash was 1434 yuan/ton, and at the end of the month, the average market price was around 1408 yuan/ton, a decrease of 1.81% compared to the same period last year, which was 30.64%.
Business analysts believe that the price of baking soda has been weak in recent times, with the overall weak performance of upstream raw material soda ash in March. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.

1、 Price trend

According to data monitored by Shengyi Society, as of April 29th, the average price quoted by domestic high-quality DMF enterprises was 4160 yuan/ton, and the DMF market as a whole rose by 1.16% in April. Currently, the supply and demand in the DMF market are balanced, and the upward space is limited.
2、 Market analysis
Operating rate: In April, the overall operating rate of the DMF industry was 65%, a decrease of 5% compared to the previous month. There was an increase in equipment maintenance in Shandong, Henan and other places. In terms of demand, downstream terminal demand was weak, and the operating rate was 60%. In terms of agricultural demand, spring plowing and stocking have ended, and the procurement rate has decreased. Export prices have declined, and Southeast Asian market quotations have fallen.
Cost side: The raw material methanol quotation is running weakly, and the DMF cost side lacks favorable support, with normal shipments and average inventory.
3、 Future forecast
DMF analysts from Shengyi Society believe that DMF prices are expected to fluctuate weakly in May, with prices maintaining their current trend. In May, some companies reported maintenance news, which will help alleviate inventory pressure.