1、 Price trend

According to data monitored by Shengyi Society, as of April 27th, the average price quoted by domestic high-quality DMF enterprises was 4200 yuan/ton. Currently, the DMF market is in a state of supply-demand balance, with prices falling narrowly and dropping by 2.33% compared to the same period last week.
2、 Market analysis
Recently, DMF prices have been declining narrowly, and the downstream demand for DMF procurement atmosphere is generally average. The reference for spot delivery price of DMF in the South China region is 4300-4350 yuan/ton in the Guangzhou market, with a downward trend in focus. The reference for bulk delivery price of DMF in the East China region is 4200-4350 yuan/ton in Jiangsu and 4250-4350 yuan/ton in Zhejiang.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market is expected to operate narrowly and weakly in the short term, and there is insufficient upward momentum for DMF in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has risen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1980 yuan/ton, and the average price over the weekend was 1986 yuan/ton, with a price increase of 0.34%.

This week, the market price of industrial grade sodium metabisulfite in China has increased. The upstream soda ash price of sodium metabisulfite has remained stable this week, while the sulfur price has increased by 2.08% and the downstream caprolactam price has decreased by 2.42%. The market demand has increased, and most manufacturers have raised prices, which is supported by favorable factors. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the trading atmosphere in the sodium metabisulfite market is positive, and it is expected that the domestic market price will mainly fluctuate and strengthen in the short term.

1、 Price trend

According to data monitored by Business Society, as of April 21st, 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 at around 7500 yuan/ton. The market supply of cyclohexane is sufficient, and the focus of negotiations is narrow and weak.
2、 Market analysis
Downstream: The downstream caprolactam market is mainly stable, with limited demand and loose supply. Currently, the overall operating rate is relatively stable. Overall, the caprolactam market is expected to maintain stable operation in the short term and is expected to maintain its current trend in the short term.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the upstream support for cyclohexane is currently insufficient, and the downstream purchasing atmosphere is average.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has risen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1970 yuan/ton, and the average price over the weekend was 1976 yuan/ton, with a price increase of 0.34%.

This week, the price of industrial grade sodium metabisulfite in the domestic market has risen. The upstream soda ash price of sodium metabisulfite has remained stable, while the downstream caprolactam price has fallen by 1.93%. The market trading atmosphere is active, and the low inventory of sodium metabisulfite supports the price increase. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the sodium metabisulfite market is active in transactions, and it is expected that the domestic market price will mainly fluctuate with a strong trend in the short term.

This week, the price of plasticizer DOP fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the DOP price was 8159.17 yuan/ton, a fluctuating decrease of 1.56% from the April 7th DOP price of 8288.75 yuan/ton. The expected start-up of plasticizer DOP enterprises has decreased, resulting in a decrease in plasticizer DOP production; The price of phthalic anhydride fluctuated and fell, the price of isooctanol fluctuated and fell, the cost of plasticizer DOP decreased, and the cost reduction combined with strong supply and weak demand weakened the upward support of plasticizers, increasing downward pressure.

This week, the price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the price of isooctanol was 7466.67 yuan/ton, a fluctuating decrease of 4.88% compared to the price of 7850 yuan/ton on April 4th. The production capacity of isooctanol enterprises has increased, with stable operation and sufficient supply from isooctanol manufacturers; The price of isooctanol has fluctuated and fallen, while the cost of plasticizers has decreased.
This week, the price of raw material phthalic anhydride fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the price of phthalic anhydride in neighboring countries was 7216.67 yuan/ton, a fluctuating decrease of 2.91% compared to the price of 7433.33 yuan/ton on April 7th. The equipment operating load of phthalic anhydride manufacturers remains low and stable, coupled with weak downstream demand, the price of ortho benzene has dropped significantly, the cost of phthalic anhydride has decreased, and the support for the rise in phthalic anhydride prices has weakened, resulting in a fluctuating decline in phthalic anhydride prices. The cost support of plasticizer raw materials has decreased.
US suspends tariffs, market concerns ease
The United States has stated that it will temporarily suspend the imposition of tariffs on some countries that will not take retaliatory actions for 90 days. Market concerns have eased, and the international market environment is expected to recover. Demand for plasticizers is also expected to rebound. The downward pressure of plasticizers has weakened, and the upward support has increased.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, the price of phthalic anhydride has fluctuated and fallen, and the cost of plasticizer DOP has decreased; In terms of demand, downstream production remains weak, and the United States has temporarily suspended tariffs to alleviate market concerns. Demand for plasticizers has slightly slowed down. In the future, as costs decrease and demand weakens slightly, it is expected that the price of plasticizer DOP will fluctuate and stabilize.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has risen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1953 yuan/ton, and the average price over the weekend was 1963 yuan/ton, with a price increase of 0.51%.

This week, the price of industrial grade sodium metabisulfite in the domestic market has risen. The upstream price of sodium metabisulfite has fallen by 0.70%, and the downstream price of caprolactam has fallen by 0.78%. The market has accelerated, and the low inventory of sodium metabisulfite and good transactions have supported the price increase. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the market for sodium metabisulfite is running smoothly, and it is expected that the domestic market price will mainly fluctuate with a strong trend in the short term.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 3rd, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6840 yuan/ton, which is 1.19% higher than the reference average price of 6760 yuan/ton on March 31st.

2、 Market analysis
Market Aspects
The domestic phosphoric acid market prices have risen this week. As of April 3rd, the factory price of 85% industrial thermal phosphoric acid in Hubei region is around 6600-7000 yuan/ton, and the factory price of 85% industrial thermal phosphoric acid in Sichuan region is around 6700-7000 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. This week, the yellow phosphorus market has strengthened, with prices rising slightly. At present, the supply of yellow phosphorus in the market is tight, and business owners mainly place preliminary orders. It is expected that domestic yellow phosphorus prices will remain stable with a moderate to strong trend in the short term.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market trend has been upward recently. The price of raw material yellow phosphorus has strengthened, and cost support has increased. Phosphoric acid enterprises mainly maintain high prices, and market trading is still acceptable. It is expected that the domestic phosphoric acid market will remain stable and rise in the short term.

According to the Commodity Market Analysis System of Business Society, the domestic BDO market continues to be weak. From March 1st to 31st, BDO prices fell from 8285 yuan/ton to 7958 yuan/ton, with a price drop of 3.95% during the period and a year-on-year price drop of 14.69%.

In the first half of the month, although the industry’s capacity utilization rate was low, it supported the supplier’s mentality of keeping prices. However, the overall downstream load has declined, leading to a reduction in the amount of raw material digestion, and the transmission of industrial chain costs has been hindered, resulting in a strong bargaining sentiment towards raw materials. At the same time, new production capacity is expected to produce products, and holding manufacturers are offering discounts for shipments, resulting in a volatile downward trend in the market.
In mid month, the domestic BDO market experienced a weak downturn. Recently, the load on the equipment has not been high, and there is support from the supply side. The supplier’s intention to maintain price stability continues. But as new production capacity emerges, downstream bearish sentiment increases. Some of the manufacturers holding the goods lack confidence in their offers, and they are negotiating narrow discounts for actual orders, causing the market center of gravity to fluctuate downward.
At the end of the month, the domestic BDO market experienced a range decline. Multiple sets of equipment maintenance, agent replacement, and defect elimination have led to a decline in industry capacity utilization and a stable market mentality among suppliers. However, downstream industries have also experienced a decline in production, resulting in a reduction in raw material digestion and a narrow decline in market prices.
As the end of the month approaches, the domestic BDO market remains weak and cautious. Although new production capacity has been put into operation one after another, some old facilities have been shut down for maintenance, providing support for the supply side. And the online sales price is relatively high, indicating the supplier’s intention to maintain the price. Downstream industry contracts follow up, spot purchases are cautious, supply and demand games continue, and the market center of gravity is weak.
Supply side: There have been significant fluctuations in the equipment sector, and a cautious wait-and-see attitude has increased. However, after some old devices were shut down for maintenance, the overall industry growth was limited, and the Shandong Alliance stopped on March 27th, providing some support for the supply side. The supply of BDO is affected by favorable factors.
In terms of cost, raw material calcium carbide: There has been a significant increase in the supply of calcium carbide in the domestic market, and the impact of power restrictions has weakened. The production of maintenance equipment in the early stage has gradually recovered, and the supply has increased significantly. The domestic calcium carbide market is stable with small fluctuations. The domestic methanol market is operating strongly, with a price of 2590 yuan/ton in Taicang, China as of 2:00 pm on March 31st. The prices of raw materials such as calcium carbide and methanol are relatively strong, and the cost of BDO is influenced by favorable factors.
On the demand side, there are many PTMEG maintenance devices downstream of the main force, resulting in a significant decline in industry load; The PBT and PBAT industries have seen an increase in load, with little fluctuation in other downstream industries, resulting in a slight reduction in overall demand for raw materials. Additionally, under cost pressure, there is a bargaining sentiment towards raw material inventory. The demand side of BDO is affected by bearish factors.
In the future forecast, the industry’s capacity utilization rate is still relatively low, supported by supply side inventory. With the restart of PTMEG maintenance equipment and the increase in new production capacity, the overall downstream demand will increase. Business Society BDO analysts predict that the domestic BDO market will fluctuate within a certain range.

The price of plasticizer DOP stopped falling and rose in March

According to the Commodity Market Analysis System of Shengyi Society, as of March 28th, the DOP price was 8263.75 yuan/ton, a decrease of 0.75% compared to the DOP price of 8326.25 yuan/ton on March 1st. Plasticizer DOP enterprises are operating at a high level, with an increase in plasticizer production and sufficient supply of plasticizer DOP; The price of phthalic anhydride has risen sharply, while the price of isooctanol first fell and then rose. The cost of plasticizer DOP has also increased, and the support of plasticizer rise has increased. The downward pressure still exists.
The price of raw material isooctanol first fell and then rose in March
According to the Commodity Market Analysis System of Shengyi Society, as of March 28th, the price of isooctanol was 7600 yuan/ton, a decrease of 0.87% compared to the price of 7666.67 yuan/ton on March 1st. Newly added production capacity of isooctanol, high equipment start-up of isooctanol enterprises, and sufficient supply from isooctanol manufacturers; Plasticizer manufacturers are operating at a high level, leading to an increase in demand for isooctanol and a double increase in supply and demand. In addition, the decline in isooctanol profits has resulted in a rebound in the price of isooctanol. The downward pressure on isooctanol has weakened, and upward support still exists.
The price of raw material phthalic anhydride fluctuated and rose in March
According to the Commodity Market Analysis System of Shengyi Society, as of March 28th, the price of phthalic anhydride in neighboring countries was 7512.50 yuan/ton, a fluctuating increase of 5.25% compared to the price of 7137.50 yuan/ton on March 1st. The maintenance of the phthalic anhydride plant has been advanced, resulting in a reduction in the supply of phthalic anhydride. Several phthalic anhydride manufacturers have stopped for maintenance, leading to a decrease in equipment operating load and low inventory levels; Industrial naphthalene prices have risen, with increased support from neighboring benzene prices and strong adjustments in raw material costs. The decrease in supply provides cost support, while the increase in phthalic anhydride prices increases support. The cost of raw materials for plasticizers has increased.
Downstream demand for plasticizers remains weak
The domestic PVC industry is highly dependent on traditional sectors such as real estate and infrastructure. Since 2022, the slowdown in real estate activities has directly led to a decline in demand for PVC pipes, profiles, and other major consumer sectors. In addition, the continued escalation of the US policy of imposing tariffs on China, coupled with the 20% tariff game between buyers and sellers, has resulted in weak growth in new orders in downstream markets, and weak downstream demand for plasticizers.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first fell and then rose, the price of phthalic anhydride rose sharply, and the cost of plasticizer DOP increased; In terms of demand, downstream production is slowly recovering, and demand for plasticizers remains weak; In terms of supply, DOP enterprises have high operating loads and sufficient DOP supply. In the future, with rising costs and sufficient supply, coupled with weak demand for plasticizers, it is expected that the price of plasticizer DOP will remain strong and consolidate.

According to the Commodity Market Analysis System of Shengyi Society, from March 21st to 28th, the average price of BDO in China increased from 7900 yuan/ton to 7958 yuan/ton, with a price increase of 0.74% during the period, a month on month decrease of 3.95%, and a year-on-year decrease of 14.82%. The domestic BDO market is weak and wait-and-see. Although new production capacity has been put into operation one after another, some old facilities have been shut down for maintenance, providing support for the supply side. And the online sales price is relatively high, indicating the supplier’s intention to maintain the price. Downstream industry contracts follow up, spot purchases are cautious, supply and demand games continue, and the market center of gravity is weak.

There are significant fluctuations in the supply and installation aspects: the overall industry growth is limited, and the Shandong Alliance stopped on March 27th, providing some support for the supply side. The supply of BDO is affected by favorable factors.
In terms of cost, raw material calcium carbide: There has been a significant increase in the supply of calcium carbide in the domestic market, and the impact of power restrictions has weakened. The production of maintenance equipment in the early stage has gradually recovered, and the supply has increased significantly. The domestic calcium carbide market is stable with small fluctuations. The domestic methanol market is operating strongly. As of 10:00 am on March 28th, the domestic methanol Taicang price is 2690 yuan/ton. The prices of raw materials such as calcium carbide and methanol are relatively strong, and the cost of BDO is influenced by favorable factors.
On the demand side, there are many PTMEG maintenance devices downstream of the main force, resulting in a significant decline in industry load; The PBT and PBAT industries have seen an increase in load, with little fluctuation in other downstream industries, resulting in a slight reduction in overall demand for raw materials. Additionally, under cost pressure, there is a bargaining sentiment towards raw material inventory. The demand side of BDO is affected by bearish factors.
In the future forecast, the industry’s capacity utilization rate is still relatively low, supported by supply side inventory. With the restart of PTMEG maintenance equipment and the increase in new production capacity, the overall downstream demand will increase. Business Society BDO analysts predict that the domestic BDO market will fluctuate within a certain range.