According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite remained stable this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1853 yuan/ton, and the average price over the weekend was 1860 yuan/ton, with a price increase of 0.36%.

This week, the domestic market price of industrial grade sodium metabisulfite has slightly increased. The upstream soda ash price of sodium metabisulfite has remained stable this week, and the downstream market transactions have improved, supporting the slight increase in sodium metabisulfite prices. Sodium metabisulfite manufacturers are optimistic about the future market. (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 actively traded, and it is expected that the domestic market price will mainly fluctuate and strengthen in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid in December fluctuated, with a price of 2970 yuan/ton as of December 31. Compared with the acetic acid price of 2950 yuan/ton at the beginning of the month, the price has increased by 20 yuan/ton, with a monthly increase of 0.68%.

As of the end of the month, the market price details of acetic acid in various regions of China in December are as follows:

Region/ December 2nd/ December 16th/ December 31st

South China region/ 2775 yuan/ton/ 2775 yuan/ton/ 2875 yuan/ton

North China region/ 2815 yuan/ton/ 2825 yuan/ton/ 2885 yuan/ton

Shandong region/ 2850 yuan/ton/ 2830 yuan/ton/ 2870 yuan/ton

Jiangsu region/ 2575 yuan/ton/ 2615 yuan/ton/ 2755 yuan/ton

Zhejiang region/ 2675 yuan/ton/ 2710 yuan/ton/ 2875 yuan/ton

In early December, the price of acetic acid fell mainly due to psychological factors. It was heard in the market that Hebei enterprises had expectations of new equipment being put into operation, and the mentality of the industry was bearish. Coupled with weak downstream demand, the transaction center of the acetic acid market shifted downwards. In the second half of the year, positive market news was released, with acetic acid prices rising strongly. Supply side facilities in the southwest region were shut down for maintenance, while facilities in Guangxi were reduced in load. The on-site positive news was compounded, and factory quotations continued to increase. At the end of the month, downstream market demand weakened slightly, and the trading atmosphere in some regions was not good. In order to promote the pricing of shipping enterprises, the prices were slightly lowered.

The methanol market on the raw material side has fluctuated and risen. As of December 31st, the average price in the domestic market was 2758 yuan/ton, an overall increase of 8.42% compared to the beginning of the month price of 2544 yuan/ton. The supply side has shown strong performance this month, with changes in equipment in the main regions of the Middle East and expectations of reduced methanol import volume. Port methanol inventory is gradually entering the channel of destocking, and the market is dominated by a bullish mentality. Traders have a strong willingness to hold goods, and port methanol prices continue to rise; The expected shutdown of the Southwest Gas Head Methanol Plant in the later stage, coupled with favorable market conditions, has led to a synchronous increase in domestic methanol prices.

Market forecast: Business Society analysts believe that the inventory of acetic acid enterprises is currently low, and the sales pressure of manufacturers is not significant. The mentality of rising prices is strong, and downstream enterprises have low inventory. Follow up may increase after entering the market, and the market trading atmosphere is optimistic. It is expected that the acetic acid market will be strong in the future, and specific attention will be paid to downstream replenishment situation.

The market price of epichlorohydrin has fallen this week. As of December 31st, the benchmark price of epichlorohydrin in Shengyi Society is 9050.00 yuan/ton, which is the same as at the beginning of this month (9050.00 yuan/ton).

Price influencing factors:

On the raw material side, narrow range sorting of propylene is the main focus, while the market price of glycerol has risen. The cost side of epichlorohydrin is still under pressure. According to the market analysis system of Shengyi Society, as of December 31st, the benchmark price of propylene in Shengyi Society was 6840.75 yuan/ton, a decrease of -0.07% compared to the beginning of this month (6845.75 yuan/ton).

Supply side: Equipment situation: The overall operating rate of the epichlorohydrin industry is 50-60%. The market supply has increased.

Downstream demand side: Downstream mainly consumes inventory and purchases small amounts of replenishment as needed. The trading atmosphere for new orders is cold. Traders should maintain a mentality of buying up and not buying down, and be cautious and wait.

Market forecast: Analysts from Shengyi Society believe that the cost side prices are under pressure, and downstream inventory consumption is the main factor. They should purchase according to demand and purchase raw materials cautiously. In addition, some enterprises are expected to restart their facilities and increase their burdens. It is expected that there will be a slight fluctuation adjustment in the market price of epichlorohydrin in the short term, and more attention should still be paid to market price changes.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and rose from December 23 to December 30, 2024. On December 30th, the benchmark price of toluene was 6050 yuan/ton, and on December 23rd, the benchmark price of toluene was 6050 yuan/ton, which remained stable during the period. This week, the trend of the toluene market is stable but slightly strong, with low prices difficult to find in the market and a slight increase in spot market prices. The factory price has not changed much. The demand performance of the diversified industry in Shandong region is good, and the factory prices of local refining enterprises have slightly increased, which has driven the improvement of the spot market atmosphere in East China and other places, and the holding side has a strong mentality of supporting prices. However, in terms of downstream demand, the performance is relatively stable, with an overall trend towards rigid demand. The market trading atmosphere is weak, lacking actual demand support, and there is significant resistance for market prices to continue to rise.

On the cost side: The crude oil market has shown a strong trend this week, with prices overall rising during the cycle, driving an improvement in the atmosphere of the spot market. As of December 27th, international crude oil futures have risen. The settlement price of the main contract for WTI crude oil futures in the United States was $70.60 per barrel, an increase of $0.98 or 1.40%. The settlement price of the main Brent crude oil futures contract was $74.17 per barrel, an increase of $0.91 or 1.20%.

Supply side: Sinopec’s toluene quotation is stable, and the company is currently operating normally. The production of the equipment is stable, and the products are mostly for personal use, with stable production and sales. As of December 30th, East China Company quoted 6000 yuan/ton, North China Company quoted 6050 yuan/ton, South China Company quoted 6000-6050 yuan/ton, and Central China Company quoted 6100 yuan/ton.

Demand side: Weak support for downward demand in the external market for xylene

On December 28th, the price of xylene in the petrochemical sales company was temporarily stable, and the current execution price has dropped by 50 yuan/ton to 7100 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably and selling normally, with a price reduction of 50 yuan/ton compared to December 23rd. PX prices continue to decline both inside and outside the cycle. As of December 27th, the closing prices of the Asian xylene market were 795-796 US dollars/ton FOB Korea and 820-822 US dollars/ton CFR China, a decrease of 10 US dollars/ton from December 20th

Market forecast: The recent stable to strong trend of crude oil will provide a certain boost to the toluene market. The recent performance of the demand side has been decent, boosting the sentiment of the toluene market. However, the actual transaction situation in the spot market has been poor recently, and the lack of demand support has led to insufficient upward momentum in the toluene market. It is expected that the market will maintain a stable to weak operation in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite has been weak and declining this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 1873 yuan/ton, and the average price at the end of the month was 1853 yuan/ton, a decrease of 1.07% during the month.

This month, the domestic industrial grade sodium metabisulfite market price range is 1800-1850 yuan/ton. The upstream soda ash price of sodium metabisulfite has fallen by 1.16%, sulfur price has risen by 3.63%, and downstream caprolactam has fallen by 1.12%. The falling products dominate, and market transactions are average. (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 sales of sodium metabisulfite in the market are average, and it is expected that the domestic market price will mainly fluctuate in the short term.

1、 Price trend

According to data monitored by Shengyi Society, as of December 27th, the average price of domestic industrial grade high-quality cyclohexane was 7766.67 yuan/ton. This week, the cyclohexane market has remained stable with no significant price changes. Currently, the market transaction price remains at around 7800 yuan/ton. The overall market supply and demand of cyclohexane this week are balanced, and the price remains stable compared to the same period last week. Currently, there is sufficient spot supply of cyclohexane, and manufacturers mainly offer discounts and place orders.

2、 Market analysis

In terms of cost: This week, the upstream pure benzene has been operating narrowly and weakly, with a significant decline in prices. Downstream demand has decreased, and the operating rate has decreased this week. Inventory has been running at a high level, with a small amount of backlog. The sentiment of holders still exists, and the current trend will be maintained in the short term, with weak operation being the main focus.

Downstream: The price of downstream caprolactam is weak and declining, with average support from raw material costs. Currently, the caprolactam plant is operating normally, inventory remains high, and downstream purchasing willingness is not high. The overall market trading atmosphere is insufficient, and there is a lack of momentum for recent price increases.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that currently, the upstream cost support for cyclohexane is insufficient, coupled with insufficient downstream demand. In the short term, the upward momentum of cyclohexane is insufficient, and the price will maintain its current trend, mainly operating in a narrow and weak range.

The domestic acetone market is operating steadily. According to the analysis system of Business Society, the national acetone market reported a price of 5900 yuan/ton since December 22, and the reference price for negotiation in the East China market was 5850 yuan/ton.

At the beginning of last week, there was a significant decrease in port inventory, and the circulation of spot resources in the market became tighter, which boosted the mentality of traders and led to an increase in offers, improving the trading atmosphere.

On December 20th, Sinopec East China implemented a price of 5850 yuan/ton for acetone, and Sinopec North China implemented a price of 5950 yuan/ton for acetone. The inventory at Jiangyin Port was 24500 tons.

It is expected that the market will fluctuate within the range of 5800-5900 yuan/ton this week.

The acetone offers in major mainstream markets across the country on December 22nd are as follows:

Region/ Quotation/ Daily increase and decrease

East China region/ 5800-5850./ 50

Shandong region/ 5900./ 50

Yanshan region/ 5900./ 0

South China region/ 5950./ 20

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite remained stable this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1850 yuan/ton, and the average price over the weekend was 1850 yuan/ton, indicating stable prices.

This week, the domestic market price of industrial grade sodium metabisulfite remained stable. The upstream prices of soda ash and sulfur remained stable, while the downstream price of caprolactam fell by 0.59%. The sluggish transactions in the downstream market had limited impact on the sodium metabisulfite market, and the quotes from sodium metabisulfite manufacturers remained stable. (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 average, and it is expected that the domestic market price will mainly fluctuate with a strong trend in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite first fell and then rose this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1856 yuan/ton, and the average price over the weekend was 1850 yuan/ton, a decrease of 0.36% during the week.

This week, the market price of industrial grade sodium metabisulfite in China first rose and then fell. The upstream soda ash price of sodium metabisulfite remained stable this week, with sulfur prices rising by 0.58% and downstream caprolactam prices rising by 0.35%. The rise in upstream raw material prices drove up the price of sodium metabisulfite, and some sodium metabisulfite manufacturers increased their quotes, resulting in good transactions. (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 accelerating, and it is expected that the domestic market price will mainly fluctuate with a strong trend in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1873 yuan/ton, and the average price over the weekend was 1856 yuan/ton, a decrease of 0.89% during the week.

This week, the market price of industrial grade sodium metabisulfite in China fell. The upstream soda ash price of sodium metabisulfite remained stable, while the downstream caprolactam price rose by 0.9%. Although the downstream caprolactam price increased, the market transaction volume of sodium metabisulfite was light, and the price of sodium metabisulfite remained weak. (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 atmosphere in the sodium metabisulfite market is quiet, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.