1、 Price trend

According to data monitored by Shengyi Society, as of September 29th, the average price of industrial grade high-quality cyclohexane in China this week was 7666.67 yuan/ton, a decrease of 2.13% compared to the same period last week. The price of cyclohexane remained stable this week, mainly due to manufacturers offering discounts and taking orders. Downstream demand fell short of expectations, overall market shipments were slow, inventory remained high, and downstream purchases were mainly for essential needs. Many operators adopted a cautious and wait-and-see attitude.

2、 Market analysis

In terms of cost: This week, the pure benzene market has mainly operated weakly, with a positive attitude towards price and shipment, and a narrow downward trend in prices. As of now, there has been a slight rebound in upstream pure benzene prices, with a narrow upward trend in prices and insufficient support on the cost side.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that it is expected that the market price of cyclohexane will maintain its current trend in the short term, and the price will mainly operate steadily.

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite has been weak this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 2050 yuan/ton, and the average price at the end of the month was 1953 yuan/ton, a decrease of 4.72% during the week.

This month, the domestic market price range for industrial grade sodium metabisulfite is 1650-1850 yuan/ton, with most prices concentrated around 1800 yuan/ton. The upstream soda ash price of sodium metabisulfite has fallen by 10.83% this month, sulfur has fallen by 1.9%, and downstream caprolactam has fallen by 5.33%. The market for sodium metabisulfite is slow, mainly driven by inquiries. (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 lacks favorable support, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda is around 1633.6 yuan/ton. On September 23, the baking soda commodity index was 109.09, a decrease of 0.75 points from yesterday, a decrease of 53.74% from the highest point of 235.84 points during the cycle (2021-11-10), and an increase of 23.59% from the lowest point of 88.27 points on December 22, 2020. (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 declining, with a factory price of around 1350-1500 yuan/ton. Due to poor downstream demand, it is expected to operate weakly in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has been running weakly this week. The current average market price is 1660 yuan/ton.

Business analysts believe that the price of baking soda has been weak recently, and the upstream raw material soda ash has been weak recently. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. It is expected that the price of baking soda will be weak in the later stage, depending on downstream market 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 2010 yuan/ton, and the average price over the weekend was 1976 yuan/ton, a decrease of 1.66% during the week.

This week, the domestic industrial grade sodium metabisulfite market prices have been weak. The upstream soda ash price of sodium metabisulfite has fallen by 1.73% this week, and the downstream caprolactam price has fallen by 2.16%. The sodium metabisulfite market is slow to move, and prices are weak and declining. (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, inquiries in the sodium metabisulfite market are the main focus, and it is expected that domestic market prices will mainly fluctuate and weaken in the short term.

According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the price trend of anhydrous hydrofluoric acid in China remained stable this week. As of September 13th, the benchmark price of hydrofluoric acid in Shengyi Society was 10750.00 yuan/ton, a decrease of -0.46% compared to the beginning of this month (10800.00 yuan/ton).

Supply side: The market price of raw sulfuric acid remains stable, but overall, production costs for enterprises are still under pressure. The mainstream price of hydrofluoric acid in various regions of China is negotiated at 10400-11300 yuan/ton, and some enterprises’ equipment is still parked and waiting for the market. The release of hydrofluoric acid production is limited, and the industry’s profits are low, resulting in increased losses.

Cost side: The domestic fluorite price trend has been weak and stable this week. As of September 13th, the benchmark price of fluorite in Shengyi Society was 3375.00 yuan/ton, a decrease of -1.82% compared to the beginning of this month (3437.50 yuan/ton). The domestic fluorite industry is in a game situation, and overall, the operating rate of enterprises has not changed much. The main reason is that upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, recent national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Some mines have conducted safety hazard inspections, making it more difficult for fluorite mines to start operating. The shortage of raw materials has limited the operation of fluorite enterprises, and the supply of fluorite sources is still tight. The price trend is weak and stable.

On the demand side: During the off-season of demand, there is limited new demand in the refrigerant market. Due to poor demand transmission, market production demand weakens after entering the off-season of production. Refrigerant companies have poor inventory and are not proactive in purchasing upstream products. The market for some refrigerant products has declined, and as a result, the market for hydrofluoric acid is weak and difficult to change.

Market forecast: Upstream raw material fluorite supply remains tight; The production costs of enterprises are still under pressure. The downstream refrigerant industry has entered the off-season with weak demand, and the enthusiasm for purchasing hydrofluoric acid has weakened. It is expected that the price of hydrofluoric acid will remain stable in the later period.

According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite has been weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2043 yuan/ton, and the average price over the weekend was 2030 yuan/ton, a decrease of 0.65% during the week.

This week, the domestic industrial grade sodium metabisulfite market price range is 1850-1950 yuan/ton. The upstream soda ash price of sodium metabisulfite remained stable this week, and the market for sodium metabisulfite was mainly driven by orders, with transactions falling short of expectations. (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 volume of sodium metabisulfite 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 domestic price of sodium metabisulfite has been weak this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 2123 yuan/ton, and the average price at the end of the month was 2050 yuan/ton, a decrease of 3.45% during the week.

This month, the domestic market price range for industrial grade sodium metabisulfite is 1850-1950 yuan/ton, with most prices concentrated around 1900 yuan/ton. The upstream soda ash price of sodium metabisulfite has dropped by 3.93% this month, and the market for sodium metabisulfite has seen weak transactions, with orders being the main focus of sales. (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 volume of sodium metabisulfite 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 domestic price of polyester filament has decreased this month. Under the influence of PTA prices and insufficient terminal demand, the price of polyester filament continues to decline. Currently, the mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) at a price of 7300-7600 yuan/ton, polyester DTY (150D/48F low elasticity) at a price of 8900-9100 yuan/ton, and polyester FDY (150D/96F) at a price of 7900-8100 yuan/ton.

In terms of PTA this month, prices have declined, and as we enter August, demand and US economic data have fallen short of expectations. Global assets have started recession trading, and the weak fundamentals of polyester raw materials have been amplified by macroeconomic sentiment. In 2024, PTA production capacity continues to show an increasing trend, with existing PTA enterprises expanding significantly and some downstream enterprises expanding their raw material facilities. PTA has fallen below the long-term support level of 5500 yuan/ton. As of August 29th, the average price of PTA in China was 5383 yuan/ton, a decrease of more than 7% from the average price of 5830 yuan/ton in the East China market on August 1st, failing to provide effective cost support for the PET market.

Downstream and end customers have cautious expectations for the future, with a clear wait-and-see attitude. Polyester filament manufacturers are concentrating on offering discounts for shipments, with relatively loose supply of goods and sporadic buying. The spot basis still weakens. Insufficient cost support, coupled with the unwillingness of weaving enterprises to pay, has made polyester filament manufacturers unable to increase prices. As the traditional peak season for textiles approaches, sales of autumn and winter clothing will also increase, which will also drive up the entire fabric market. Raw material prices may be boosted to some extent by market demand.

Overall, analysts from Shengyi Society predict that the traditional peak season is approaching, and for the future market of polyester filament, prices will remain stable with moderate fluctuations and strong operations.