According to the Commodity Market Analysis System of Shengyi Society, as of May 30th, the average price of acetic acid was 2700 yuan/ton, unchanged from the price of 2700 yuan/ton on May 25th and unchanged from the beginning of the month.

This week, the acetic acid market has been fluctuating, with enterprise quotations rising first and then falling. On the supply side, some acetic acid plants are undergoing maintenance, resulting in a decrease in capacity utilization. The mentality of industry players is rising, and the price trend at the beginning of the week is strong and upward; In terms of demand, downstream sentiment is average, and they tend to seek low-priced purchases. The trading atmosphere in the market is gradually weakening, and some regions are experiencing sluggish shipments, resulting in a weak downward adjustment of acetic acid prices.
As of May 30th, the market prices of acetic acid in various regions are as follows:
Region /May 23rd /May 30th /Rise and fall
South China region /2550 yuan/ton /2550 yuan/ton 0
North China region /2565 yuan/ton /2540 yuan/ton / -25
Shandong region /2580 yuan/ton /2570 yuan/ton / -10
Jiangsu region /2460 yuan/ton /2490 yuan/ton / 30
Zhejiang region /2660 yuan/ton /2700 yuan/ton / 40
The upstream methanol market continues to be weak. From May 23rd to 30th, the average price in the domestic market decreased from 2300 yuan/ton to 2245 yuan/ton, with an overall decline of 2.39%. The strong supply of methanol in the market has suppressed prices, leading to insufficient confidence among industry players, average downstream demand, and weak overall support. The domestic methanol market continues to decline.
The downstream acetic anhydride market is operating weakly and steadily. On May 30th, the average ex factory price of acetic anhydride was 4442.50 yuan/ton, which is the same as the price of 4442.50 yuan/ton on May 23rd. The upstream acetic acid market is mainly volatile, with limited cost support for acetic anhydride. Downstream entry into the market follows suit as needed, and the market trading atmosphere is average. Acetic anhydride prices have remained stable throughout the cycle.
Market forecast: According to the acetic acid analyst from Shengyi Society, the utilization of acetic acid production capacity has decreased, and the supply pressure from suppliers has weakened. However, downstream demand performance is insufficient, and the enthusiasm for purchasing goods is not high. The market supply-demand game is expected, and the acetic acid market is expected to operate steadily in the short term. Specific attention should be paid to changes in equipment and downstream follow-up situations.

price trend

According to the bulk ranking data of Shengyi Society, the domestic PC market fell at a low level in May, and the spot prices of most brands were lowered. As of May 31st, the mixed benchmark price of Business Society PC is around 14610 yuan/ton, with a price increase or decrease of 5.64% compared to early May.
cause analysis
On the supply side: In May, the load of domestic PC aggregation enterprises has been reduced. Due to the maintenance of enterprises such as Luxi Chemical and Shanghai Mitsubishi in the middle of the month, the supply of PC has been tightened in some areas. At the end of the month, the average operating level of the industry decreased by about 10% to 73% compared to the beginning of the month, and the weekly average production remained stable at below 60000 tons. Both Luxi Chemical and Wanhua Chemical have the potential to increase their load in the future, and PC inventory remains high for a long time, with supply at a high level and abundant on-site supply. Manufacturers and midstream inventory are high, and shipping pressure still exists. The market supply side has limited support for improving PC prices.
In terms of raw materials, it can be seen from the above chart that the price of bisphenol A fell from a high level in May. After the May Day holiday, downstream enterprises have inventory waiting to be digested, and on-site trading is sluggish. At the same time, the industry load increased in the middle of the month, and the on-site supply of goods increased. In terms of raw materials, both acetone and phenol have weakened, which has dragged down spot prices and caused fluctuations in the upstream crude oil market. Overall, bisphenol A has poor support for PC costs due to the supply-demand imbalance and cost impact.
In terms of demand, PC consumption in May continued the pattern of rigid demand, and new orders in the market remained basically at the same level as the same period in previous years. The downstream factories are operating normally and stocking up is proceeding as planned. Due to the long-term weak market dynamics in the industry, high social inventory, and abundant on-site supply, the contradiction between supply and demand tends to lead to destocking. New orders for goods preparation before the Dragon Boat Festival did not see significant volume, and the trading performance continued the pattern of contract delivery. Merchants tend to have a wait-and-see attitude, buyers are resistant to high priced goods, and the flow of goods in the market is slow. Overall, the demand side has weak support for PC spot prices.
Future forecast
The domestic PC market fell at a low level in May. The upstream bisphenol A market has turned from high to low, providing poor support for PC costs. The load of domestic PC aggregation plants has decreased, but the pattern of strong supply remains unchanged. At the end of the month, there was a rebound in supply in some areas, while downstream demand followed the logic of weak and rigid demand. Business operators remained cautious about the future market. At the same time, the industry’s inventory is high, and the seller camp is willing to sell and sell at a discount. It is expected that the PC market will remain weak and consolidate in early June. It is recommended to closely monitor the industry’s inventory digestion situation.

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite has fallen this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 2003 yuan/ton, and the average price at the end of the month was 1916 yuan/ton, a decrease of 4.33% during the month.

This month, the market price of industrial grade sodium metabisulfite in China has fallen, with upstream soda ash of sodium metabisulfite dropping by 1.56%. Manufacturers are operating normally, but due to the decline in raw material prices and slow market demand, the price of sodium metabisulfite has also fallen. (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 sluggish, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

Last week, the market price of epichlorohydrin increased. Affected by the adjustment of Indonesian tariff policies, domestic glycerol prices have risen, which has a significant impact on epichlorohydrin, enhancing its cost support and driving up the price center of the epichlorohydrin market. According to the monitoring and analysis system of Shengyi Society, as of May 23, the benchmark price of Shengyi Society’s epichlorohydrin was 9600.00 yuan/ton, an increase of 6.67% compared to the beginning of this month (9000.00 yuan/ton).

Price influencing factors:
On the raw material side, the market price of propylene remains stable, while the market price of glycerol shows an upward trend. According to the market analysis system of Shengyi Society, as of May 23, the benchmark price of propylene in Shengyi Society was 6665.75 yuan/ton, an increase of 1.45% compared to the beginning of this month (6570.75 yuan/ton).
Equipment situation: Currently, the overall operating rate of the industry is 50-60%. Overall, the supply of epichlorohydrin in the market is tight, and prices are showing an upward trend.
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, downstream demand is average, and the market has a strong wait-and-see attitude.
Market forecast: Analysts from Shengyi Society believe that the price of raw material glycerol in the market will rise, and the cost side support for epichlorohydrin will strengthen. In addition, the market supply is tight, downstream demand is weak, and the purchasing mentality is not positive. It is expected that the epichlorohydrin market will maintain a stable to strong trend in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1966 yuan/ton, and the average price over the weekend was 1933 yuan/ton, with a price drop of 1.70%.

This week, the domestic market price of industrial grade sodium metabisulfite fell. The upstream soda ash price of sodium metabisulfite remained stable, sulfur price fell by 0.67%, and downstream caprolactam price rose by 0.18%. The downstream has limited impact on the price of sodium metabisulfite, and the sodium metabisulfite market lacks favorable support. (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 demand for sodium metabisulfite in the market is light, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1986 yuan/ton, and the average price over the weekend was 1976 yuan/ton, with a price drop of 0.50%.

This week, the price of industrial grade sodium metabisulfite in the domestic market has fallen. The upstream soda ash price of sodium metabisulfite remains stable, while the downstream caprolactam price has risen by 2.74%. The downstream market has limited impact on the price of sodium metabisulfite, and the transaction volume in the sodium metabisulfite market is light. (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 transaction volume of sodium metabisulfite market is limited, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2003 yuan/ton, and the average price over the weekend was 1986 yuan/ton, with a price drop of 0.83%.
This week, the domestic market price of industrial grade sodium metabisulfite has fallen. The upstream price of sodium metabisulfite, soda ash, has fallen by 1.42%, sulfur prices have risen by 7.93%, and downstream caprolactam prices have fallen by 2.25%. Affected by the decline in upstream and downstream prices, the price of sodium metabisulfite is under pressure to fall. (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 price of sodium metabisulfite is under pressure and the trading volume is light. It is expected that the domestic market price will mainly fluctuate and weaken in the short term.

The mainstream phenol market in China fell in April. According to data monitored by Business Society, the domestic phenol market price was 7337 yuan/ton on April 1st, and 6712 yuan/ton on April 30th, a decrease of 8.52%.

At the beginning of the month, phenol imports and domestic trade shipments arrived at the port one after another, and the inventory at Jiangyin Port increased to 20000 tons. However, considering the longer storage time for imported goods and the less pressure on the supply side, traders began to have a slight intention to boost the market. However, terminal procurement was poor. With the sharp decline in crude oil during the Qingming holiday, pure benzene fell widely, with a daily decline of more than 10%. The negative impact on the cost side led to an overall decline in industry volume, and the phenol market subsequently declined.
In the latter half of the year, the phenol ketone unit of Zhongsha Tianjin Petrochemical was shut down for maintenance, and the overall phenol market supply in North China became tight. The market briefly rose, but there was little room for cost price fluctuations during the same period. Downstream price chasing was cautious, and transactions were poor. As the May Day holiday approached, market stocking sentiment was not optimistic.
As of the 30th, the phenol offers in various mainstream markets across the country are as follows:
Region/ 30 day quotation/ Price fluctuations in April
East China region/ 6550./ -750
Shandong region/ 6650./ -600
Surrounding areas of Yanshan Mountain/ 6700./ -600
South China 6750-700
In April, China’s phenol production was 452500 tons. In terms of equipment, the 280000 tons/year phenol ketone unit of Guangxi Huayi was shut down in February and restarted in April; Sinopec Mitsui’s 400000 tons/year phenol ketone plant was shut down for one month and restarted on April 20th; The 350000 tons/year phenol ketone unit of Zhongsha Tianjin Petrochemical will be shut down for maintenance on April 21st, with an estimated 45 days.
Business Society predicts that the market will fluctuate within a certain range in May. From April, the upstream will have a significant impact on phenol, and we will pay attention to the trend of crude oil pure benzene in the later stage. From the supply and demand perspective, there will be a double increase in May, and the overall change compared to April is not significant. It is expected that the market will operate weakly in May, and the average price may decline compared to April.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has risen this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 1940 yuan/ton, and the average price at the end of the month was 2003 yuan/ton, with a 3.26% increase during the week.

This month, the market price of industrial grade sodium metabisulfite in China has risen, while the prices of upstream soda ash and downstream caprolactam have both fallen. Although the prices of upstream and downstream have fallen, the market for sodium metabisulfite has accelerated, and the industry is mostly optimistic about the future. (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 active, 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 monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol fell in April. On April 1st, the average price of isopropanol in China was 6670 yuan/ton, and on April 28th, the average price was 6563.33 yuan/ton, a decrease of 1.6% compared to the beginning of the month.
The market price of isopropanol fell in April. In the first ten days, the price of raw material acetone fell, and the support for raw materials was insufficient, leading to a decrease in isopropanol. In the middle of the month, the isopropanol market first rose and then fell, with raw material prices increasing and cost support. The attitude of holders of goods improved, and the offer slightly increased. However, the demand was average, and downstream demand for goods was mainly driven by urgent needs. In the latter half of the year, the price of raw material acetone rose, and the isopropanol market tentatively increased, but confidence in the future market was poor. As of now, most of the isopropanol market prices in Shandong are around 6400-6500 yuan/ton; The majority of prices in the isopropanol market in Jiangsu are around 6650-6700 yuan/ton. Overall, the confidence in the isopropanol market is average, with a focus on maintaining stability.
In terms of raw material acetone, the focus of the domestic acetone market fell mainly in April. The national acetone market has been trading at an average price of 6190 yuan/ton since April 1st, falling to 5900 yuan/ton on April 28th, a decrease of 4.68%. From the perspective of the acetone market in East China alone, the offer price for East China has been 5800 yuan/ton since April 28th. It is expected that the acetone market will continue to operate weakly in May.
In terms of propylene, the domestic propylene market fluctuated and fell in April. On April 1st, the market average was 6735.75 yuan/ton, and on March 31st, the average price was 6638.25 yuan/ton, a decrease of 1.45% in price. At present, manufacturers are offering discounts and downstream customers are purchasing at lower prices according to demand. It is expected that the market will remain weak and stable in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price fell in April. Upstream propylene and acetone raw materials both fell, with weak cost support. Downstream procurement enthusiasm is poor, with a focus on wait-and-see measures, resulting in limited actual market transactions. It is expected that isopropanol will fluctuate in the short term, and more attention should be paid to the trend of the raw material market.