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 1916 yuan/ton, and the average price at the end of the month was 1853 yuan/ton, a decrease of 3.30% during the month.
This month, the domestic market price of industrial grade sodium metabisulfite has fallen, with upstream soda ash prices dropping by 7.36% and sulfur prices dropping by 4.89%. Manufacturers are operating normally with sufficient inventory, and raw material prices have fallen. In addition, demand has been light, resulting in a decrease in the price of sodium metabisulfite. (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 analysis system of Shengyi Society, the domestic maleic anhydride market has been consolidating at a low level recently, with a slight overall increase. As of June 23, the average market price of n-butane oxidation maleic anhydride remained at 6325 yuan/ton, an increase of 0.12% from 6317.50 yuan/ton on June 16.

Supply side: Recently, the market for maleic anhydride has been consolidating at a low level, with slight fluctuations in factory prices and limited new orders being signed. At present, Yantai Wanhua has plans to resume production in the near future, while Qingdao Refining and Chemical is shipping normally; Recently, downstream unsaturated resin manufacturers of maleic anhydride have been cautious in their stocking operations and are mainly observing the situation. As of June 23rd, the factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the factory price of liquid anhydride is around 5300 yuan/ton.
Upstream: Recently, the n-butane market has fallen, and as of June 23, the price in Shandong was around 4650-4700 yuan/ton.
Downstream: Recently, the unsaturated resin market has seen a slight increase, with the raw material market for unsaturated resin rising and supported by resin costs. However, currently unsaturated resin is still in the off-season, with average downstream transactions and limited support for unsaturated resin. The market has a strong wait-and-see sentiment.

The analyst of Business Society’s maleic anhydride products believes that the main downstream resin of maleic anhydride is still in the off-season, and the procurement of maleic anhydride is limited; The upstream n-butane market for maleic anhydride has fallen, and the cost support for maleic anhydride is limited. In addition, with sufficient supply in the maleic anhydride market, it is expected that the maleic anhydride market will mainly consolidate at a low level 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 1860 yuan/ton, and the average price over the weekend was 1866 yuan/ton, with a price increase of 0.36%.

This week, the price of industrial grade sodium metabisulfite in the domestic market has increased. The upstream soda ash price of sodium metabisulfite remains stable, sulfur price has increased by 3.1%, and downstream caprolactam price has increased by 2.41%. Influenced by favorable factors from both upstream and downstream, the price of sodium metabisulfite has risen, and downstream shipment speed has accelerated. (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 supported by favorable factors, 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 of formic acid in China has been running at the bottom since June, as of June 16th. The benchmark price for domestic industrial grade 85% formic acid trading is 2450 yuan/ton, a decrease of 2% from the same period last month at 2500 yuan/ton, which is the lowest level of the year.

Supply side:
The formic acid production enterprise has normal power on and sufficient supply on site.
Demand side:
Downstream traditional off-season, terminal enterprises have a strong wait-and-see attitude, low purchasing enthusiasm, and weak demand in downstream building materials and feed industries.
The pesticide market has light inquiries, average trading, and mainly requires replenishment due to urgent transactions.
From the demand side, although the export negotiations between China and the United States have eased, domestic trade orders are relatively weak during the off-season, and foreign trade shipping is hindered. The demand side lacks support for dye prices.
Raw material end:
Raw material methanol is operating strongly. According to the Commodity Market Analysis System of Shengyi Society, from June 9th to 13th (as of 10:00), the average price of methanol in East China ports in the domestic market increased from 2331 yuan/ton to 2480 yuan/ton, with a price increase of 6.39% during the cycle, a month on month increase of 1.07%, and a year-on-year decrease of 3.12%. The domestic methanol market is mainly strong, with production enterprises and port quotations increasing to varying degrees.
The formic acid data analyst of Shengyi Society believes that there is no significant improvement in the demand side of the formic acid market at present, and it is expected that the market price will fluctuate weakly.

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 1876 yuan/ton, and the average price over the weekend was 1860 yuan/ton, with a price drop of 0.89%.

This week, the domestic industrial grade sodium metabisulfite market prices fell, with upstream soda ash prices falling by 0.91% and sulfur prices falling by 2.15%. Affected by the decline in raw material prices, the price of sodium metabisulfite fell under pressure, and downstream transactions fell 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 sodium metabisulfite market lacks favorable support, 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 1916 yuan/ton, and the average price over the weekend was 1876 yuan/ton, with a price drop of 2.09%.

This week, the domestic market price of industrial grade sodium metabisulfite has fallen. The upstream soda ash price of sodium metabisulfite has dropped by 4.18%, the sulfur price has dropped by 0.81%, and the downstream caprolactam price has remained stable. Due to the impact of the decline in raw material prices, the price of sodium metabisulfite is under pressure and has 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 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 market analysis system of Shengyi Society, lithium carbonate has continued to decline recently. As of June 3, the benchmark price of domestic battery grade lithium carbonate in Shengyi Society was 59900 yuan/ton, a decrease of 24% from the beginning of the year; The benchmark price for domestic industrial grade lithium carbonate trading companies is 58933 yuan/ton, a decrease of 22.86% from the beginning of the year.

Lithium carbonate prices decline, lithium mine cost support disappears
Due to the continuous decline in the price of lithium carbonate, the acceptable price of lithium ore has been continuously lowered, and the downward trend in ore prices has also had a strong dragging effect on the price of lithium carbonate. In the future, although some high cost lithium mines have reduced production or even stopped production, with the arrival of the peak season for salt lake production and the increase of low-cost lithium resources, the overall new supply is still relatively large.
The downstream market for lithium carbonate is flat and the demand is not strong
The growth rate of terminal vehicle sales has slowed down, falling short of expectations, leading to weak demand for materials through upward transmission. Except for a few top battery cell factories that have increased production, the overall market demand is flat. Due to external environmental disturbances, although the energy storage battery market has rebounded, in the long run, uncertain factors are increasing.
The lithium carbonate data analyst from Shengyi Society believes that the current supply and demand pattern of lithium carbonate has not yet reversed, and there is pressure from upstream ore to terminal demand. In the short term, it will continue to fluctuate weakly, and specific market changes still need to be monitored.

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.