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.

According to the Commodity Market Analysis System of Shengyi Society, on March 28th, the reference price of cyclohexanone in the domestic market in Shandong Province was 8212 yuan/ton. Compared with March 1st, the reference price of cyclohexanone in the domestic market was 8925 yuan/ton, the price decreased by 713 yuan/ton, a decrease of 7.98%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that since March, the cyclohexanone market in Shandong Province, China has shown a downward trend. During the month, the performance of the cyclohexanone market was weak, and the market center of gravity continued to decline. At the end of the month, the low-end market price had fallen to around 8000 yuan/ton. As of March 28th, the reference market price for cyclohexanone in Shandong region is around 8000-8300 yuan/ton.
Market influencing factors
On the demand side: In March, downstream demand for cyclohexanone followed slowly, and the demand side was cautious about raw material procurement. There was insufficient new order transactions and poor demand transmission, which provided insufficient support for cyclohexanone.
On the supply side, due to the drag of demand, the overall supply of cyclohexanone in the factory is under pressure, and some factories have poor shipments, which hinders the transmission of supply and demand. Inventory has accumulated in the factory, and it is difficult for the supply side to provide effective support for cyclohexanone.
In terms of cost: In March, the pure benzene market on the raw material side fell, and the cost support for cyclohexanone was insufficient. As of March 26th, the reference price for pure benzene was 6806.33 yuan/ton, a decrease of 9.47% compared to March 1st (7518 yuan/ton).
Market analysis in the future
At present, the inquiry atmosphere in the cyclohexanone market in Shandong is average, and the enthusiasm of downstream users for stocking up is not high. There is a strong wait-and-see sentiment in the market. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate in a narrow range, and specific changes in supply and demand information need to be closely monitored.

According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke continued to rise in mid March. As of March 21, the price of locally refined petroleum coke in the Shandong market was 2382.50 yuan/ton, an increase of 4.03% from 2290.25 yuan/ton on March 11.

Cost aspect: Recently, crude oil prices have fluctuated. On the one hand, the Russia Ukraine peace talks have released positive signals, and the United States is considering easing sanctions on Russia, which has reduced potential supply risks. In addition, oil producing countries plan to increase production slightly from April, which has affected the international crude oil market and led to a decline; On the other hand, the imposition of tariffs by the United States has intensified market concerns and may drag down global economic and demand expectations, resulting in a sluggish crude oil market.

Supply side: In mid March, the transaction of petroleum coke in the local refining industry was good, with prices continuing to rise. Refinery petroleum coke shipments were still acceptable, and downstream carbon enterprises had good purchasing enthusiasm, which supported petroleum coke. Recently, imported petroleum coke has been gradually entering the port for storage, mainly medium high sulfur petroleum coke. Due to the rise in local coking prices, the price of imported petroleum coke has also increased, and traders have been actively shipping, resulting in a faster delivery speed of petroleum coke from ports.

On the demand side: Recently, the trading atmosphere in the metal silicon market has been light, and downstream factories are mainly purchasing for essential needs. At the beginning of the week, the focus of negotiations in the metal silicon spot market narrowly declined. During the mid week and weekend periods, there is a confrontation between demand side price cutting and supply side price raising. Some regions have shown a slight trend of offering discounts after increasing production, but there are also some regions where the cost pressure is low and the willingness is not strong. The overall market has entered a stalemate, and the demand for petroleum coke in the silicon industry still exists.

At present, the imposition of tariffs on aluminum products has pushed up overseas aluminum prices, limited domestic production capacity, and the support of the “trade in” policy for terminal demand. With the continuous efforts of sectors such as new energy and A1, the end consumption path of aluminum products has expanded significantly. At present, aluminum carbon enterprises mainly purchase petroleum coke for essential needs.

In recent times, the overall market for calcined coke has remained stable, with long-term orders for benchmark calcined coke being the main focus. The shipment of general calcined coke has slightly improved due to the rise in raw material petroleum coke prices.

Market forecast: Currently, the shipment of petroleum coke from local refineries is good, and downstream customers have a high enthusiasm for receiving goods; In addition, with some refineries undergoing maintenance, the supply of petroleum coke may decrease, and it is expected that there will still be upward space for petroleum coke in the near future.

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 1886 yuan/ton, and the average price over the weekend was 1916 yuan/ton, with a price increase of 1.595%.

This week, the domestic industrial grade sodium metabisulfite market prices have risen. The upstream soda ash prices of sodium metabisulfite have fallen by 1.85%, sulfur prices have fallen by 2.14%, and downstream caprolactam prices have fallen by 1.9%. The impact of cost reduction has not yet been apparent, and the low inventory and favorable transactions in the sodium metabisulfite market 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 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 mixed xylene market fluctuated within a certain range this week, with a slight overall downward adjustment. From March 10 to March 17, 2025, the mixed xylene price dropped from 6550 yuan/ton to 6360 yuan/ton, a decrease of 2.9%. The decline in the crude oil market during this cycle has dragged down the mentality of the mixed xylene market. The overall performance of the domestic xylene market is weak, and the performance of various regions is basically consistent, with slight differences in the magnitude of the decline. Among them, the Shandong region is affected by the surrounding market and has a weak mentality. The overall weakness on the demand side during the week has led to local refining companies lowering prices and releasing inventory this week, resulting in weak transactions. The overall inventory in the East China region is relatively low, but the liquid chemical market has generally weakened during the week, and the xylene market has clearly followed suit. On exchange trading is generally weak, and downstream stocks are replenished as needed

Cost wise: The crude oil price trend has been weak during this period. As of the 13th, the settlement price of the main contract for WTI crude oil futures in the United States was $66.55 per barrel, and the settlement price of the main contract for Brent crude oil futures was $69.88 per barrel. The international oil price trend has declined. As of the 13th, the settlement price of the main contract for WTI crude oil futures in the United States was $66.55 per barrel, and the settlement price of the main contract for Brent crude oil futures was $69.88 per barrel. On the one hand, the United States is increasing its crude oil production, coupled with escalating trade tariffs that may suppress global economic growth, which is bearish for the international oil market. On the other hand, the situation between Russia and Ukraine has eased. If the geopolitical situation between Russia and Ukraine ends, the US oil sanctions against Russia will also be relaxed, and international oil prices will fall due to this impact.

Supply side: Sinopec xylene quotation summary. Currently, the company is operating normally, with stable production and sales. The company’s quotation remains the same as the previous day. As of March 17th, East China Company quoted 6300 yuan/ton, North China Company quoted 6150 yuan/ton, South China Company quoted 6500-6550 yuan/ton, and Central China Company quoted 6400 yuan/ton.

Demand side:

On March 17th, the price of xylene in the petrochemical sales company was temporarily stable, and the current execution price is 7600 yuan/ton. This price is implemented in East China, North China, Central China, and South China. The operation of Yangzi Petrochemical, Zhenhai Petrochemical and other units is stable, and sales are normal. As of March 14th, the closing prices of the xylene market in Asia were 812-814 USD/ton FOB Korea and 837-839 USD/ton CFR China.

Market forecast: The crude oil market will continue to operate weakly in the near future, with insufficient cost support. Recently, trading in the Shandong region has been relatively weak, and overall demand for essential purchases has been maintained. The purchasing intention in the oil blending market is still acceptable, and there will be some support in the future. The inventory in the East China market continues to decline, and the overall inventory in the region is running at a low level, resulting in tight supply. Overall, the xylene market still has some positive support in the short term, but the boost is limited, and it is expected to have a strong and volatile trend 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 1880 yuan/ton, and the average price over the weekend was 1886 yuan/ton, with a price increase of 0.35%.

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, while the sulfur price has increased by 2.63% and the downstream caprolactam price has decreased by 1.3%. Compared with the downstream, the upstream sulfur price has increased significantly, and the price of sodium metabisulfite is supported by cost increases. (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 improving, 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 price of domestic sodium metabisulfite has risen 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 1867 yuan/ton, with a price increase of 0.90%.

This week, the market price of industrial grade sodium metabisulfite in China has risen. The upstream soda ash price of sodium metabisulfite has remained stable this week, while the sulfur price has risen by 4.83% and the downstream caprolactam price has fallen by 2.19%. Compared with the downstream, the upstream sulfur price has risen significantly, and the price of sodium metabisulfite has risen due to cost 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 price of sodium metabisulfite is rising due to cost support, 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 domestic price of sodium metabisulfite has fallen this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 1853 yuan/ton, and the average price at the end of the month was 1850 yuan/ton, a decrease of 0.18% during the week.

This week, the domestic market price of industrial grade sodium metabisulfite fell. The upstream soda ash price of sodium metabisulfite fell by 2.28% this month, and the downstream caprolactam price rose by 2.72%. Although the downstream caprolactam price rose, the sales performance of the sodium metabisulfite market was poor, 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 trading 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.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the month was 11900 yuan/ton, and at the end of the month it was 11956/ton, with a price increase of 0.48%.

Domestic activated carbon manufacturers have seen some price increases this week, but most have remained stable. Henan Province, as the main production area, has relatively small price fluctuations. The ex factory price of activated carbon for coconut shell water purification is between 9500-12500 yuan/ton, and market demand is accelerating. Industry insiders are optimistic about the future and focus on market transactions.

The transaction of coconut shell charcoal in gold extraction, water purification, filter and other applications has accelerated, especially for gold charcoal, which has received more inquiries from the African market; The shipment of fruit shell charcoal is smooth. There is a recent rebound trend in imported carbide materials, so pay more attention to the transaction situation.

Prediction: The activated carbon market is experiencing accelerated sales, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.