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 1853 yuan/ton, and the average price at the end of the month was 1923 yuan/ton, an increase of 3.78% within the month.

This month, the domestic industrial grade sodium metabisulfite market prices have risen, with upstream soda ash prices rising by 3.5% and sulfur prices rising by 5.43%. The market supply is tight, and the price of sodium metabisulfite has also risen due to the impact of rising raw material prices. (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 accelerating, 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, as of July 25, 2025, the reference price of n-butanol in Shandong Province, China is 5883 yuan/ton. Compared with July 1 (reference price of n-butanol is 6466 yuan/ton), the price has decreased by 583 yuan/ton, a decrease of 9.02%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that since July, the overall market situation of n-butanol in Shandong Province, China has shown a weak downward trend. During the month, the focus of the n-butanol market in Shandong has been continuously adjusted downwards, with n-butanol factories and suppliers lowering their shipment prices. On site negotiations have gradually shifted towards the lower end, with a cumulative reduction of around 500-600 yuan/ton during the month. As of July 25th, the reference price for n-butanol in the domestic Shandong region is around 5850-5950 yuan/ton.
Market influencing factors
On the supply side, the expected new production capacity of n-butanol is expected to be put into operation, and the increase in supply has brought suppression to the market, putting overall pressure on the supply side. The supply source is sufficient, and factories are actively offering discounts to maintain low inventory levels. However, the supply side provides insufficient market support.
On the demand side: During the month, downstream production of n-butanol has declined slightly, and the overall transmission of downstream demand for n-butanol is slow. The market continues to decline, and demand performance is cautious. Inquiries are mostly buying at low prices, and the support from the demand side was not satisfactory before.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the market is relatively weak, and the mentality of industry players is average. There is a strong wait-and-see sentiment in the market. The n-butanol data analyst from Shengyi Society predicts that in the short term, the n-butanol market in Shandong, China will mainly operate in a range, and specific changes in supply and demand information need to be closely monitored.

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market continued to decline in mid July. As of July 21, the average market price of n-butane oxidation maleic anhydride remained at 6075 yuan/ton, a decrease of 1.22% from 6150.00 yuan/ton on July 11.

Supply side: In mid July, the market for maleic anhydride stabilized at a low level, with factory prices slightly falling. Downstream procurement was cautious, and new orders were limited. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of July 21st, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5600 yuan/ton, while the factory price of liquid anhydride is around 5100 yuan/ton.
Upstream: The n-butane market fluctuated in mid July, and as of July 21, the price in Shandong was around 4650 yuan/ton.
Downstream: The recent weak consolidation of the unsaturated resin market is the main reason. Currently, unsaturated resin is in the off-season of consumption, and downstream transactions are average. The support for unsaturated resin is limited, and the market has a strong wait-and-see sentiment.

Product analysts believe that currently, the main downstream unsaturated resin of maleic anhydride is still in the off-season, which maintains a strong demand for maleic anhydride procurement; The upstream n-butane market for maleic anhydride is volatile, with limited cost support. In addition, the supply of maleic anhydride in the market is sufficient, and factory orders continue to be poor. 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 fallen 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 1840 yuan/ton, with a price drop of 0.54%.

This week, the domestic industrial grade sodium metabisulfite market prices have been weak. The upstream soda ash price of sodium metabisulfite has fallen by 1.36%, sulfur prices have remained stable, downstream caprolactam prices have fallen by 0.43%, upstream raw material prices have fallen, downstream transaction performance has been poor, and there is a lack of favorable support for the price decline. (The above prices refer to the quotes provided by mainstream domestic enterprises to external parties. 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
There is no positive support for the domestic sodium metabisulfite market, 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 analysis system of Shengyi Society, the price of soda ash has slightly decreased this week. As of July 14th, the average market price of soda ash was 1174 yuan/ton, a decrease of 8 yuan/ton compared to the July 7th soda ash price of 1182 yuan/ton, a decrease of 0.68%.
2、 Market analysis
Recently, the soda ash market has been mainly weak. On the supply side, the overall supply performance of the market has increased, and soda ash companies are actively shipping; The downstream market has risen, but due to a decrease in production, the demand for soda ash is weak, and the market trading atmosphere is not good. The trading center of soda ash first fell and then stabilized.
According to the price monitoring of Shengyi Society, in the 27th week of 2025 (7.7-7.11), there are a total of 2 products that have risen, 2 products that have fallen, and 2 products that have zero rise or fall in the chlor alkali industry price list. The main commodities that have seen an increase are caustic soda (2.41%) and PVC (1.76%); The main commodities experiencing a decline are: light soda ash (-0.68%) and baking soda (-0.13%). The average increase or decrease this week is 0.56%..
According to the commodity analysis system of Shengyi Society, the downstream glass market has slightly increased. From July 7th to 14th, the price of glass increased from 14.03 yuan/square meter to 14.10 yuan/square meter, an increase of 0.50%. The glass market has cold repair production lines, and companies have a positive attitude towards it. Downstream demand is still acceptable, and glass inventory has increased, resulting in a strong price trend.
Future forecast: Currently, the soda ash market is weak, and some maintenance equipment will be restored in the later stage. The market supply will increase, and the downstream market will slightly rebound. The increase in market sales may support the demand for soda ash, and there will be a game of supply and demand in the market. It is expected that the soda ash market will operate weakly and steadily in the later stage, and specific attention will be paid to following up on downstream 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 1853 yuan/ton, and the average price over the weekend was 1850 yuan/ton, with a price drop of 0.18%.

This week, the domestic industrial grade sodium metabisulfite market prices have been weak. The upstream soda ash prices of sodium metabisulfite have fallen by 0.68%, sulfur prices have fallen by 0.72%, downstream caprolactam prices have fallen by 2.92%, upstream raw materials have fallen, downstream market transactions have been sluggish, and the prices of sodium metabisulfite manufacturers have been 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
There is no positive support for the domestic sodium metabisulfite market, and it is expected that the domestic market price will mainly fluctuate in the short term.

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 1853 yuan/ton, and the average price over the weekend was 1853 yuan/ton, indicating stable prices.

This week, the domestic market price of industrial grade sodium metabisulfite remained stable. The upstream soda ash price of sodium metabisulfite fell by 5.7%, sulfur price rose by 0.14%, downstream caprolactam price fell by 1.24%, upstream raw materials fell, downstream market sales were slow, and sodium metabisulfite manufacturers showed significant price 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 sodium metabisulfite market lacks favorable support, and it is expected that domestic market prices will mainly fluctuate in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market was 1250 yuan/ton on June 30th, and 1033 yuan/ton on June 1st. The market price of ammonium sulfate has increased by 20.97% this month.
2、 Market analysis
The ammonium sulfate market has seen a significant increase this month. In the first half of this month, there was a slight adjustment in the domestic ammonium sulfate market price. The fluctuation of enterprise operating rate is not significant, the supply and demand of ammonium sulfate market are stable, and downstream replenishment is mainly for urgent needs. In the second half of this month, due to geopolitical events, some countries have suspended production and restricted urea production. The global nitrogen fertilizer supply has decreased, and the international urea price has risen significantly, which has indirectly benefited the ammonium sulfate market. The domestic ammonium sulfate market price has risen significantly. After the international situation stabilized, the market cooled down and the price of ammonium sulfate began to fall. As of June 30th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1155 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1190-1230 yuan/ton.
According to the weekly K-bar chart from March 31, 2025 to June 23, 2025, it can be seen that the domestic ammonium sulfate cycle is fluctuating. The domestic price of ammonium sulfate increased significantly in June, with the largest increase being 15.77% in the week of June 16th.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the high price of ammonium sulfate in China has recently fallen and stabilized. At present, the ammonium sulfate market is becoming more rational and trading is stable. Downstream urgent procurement, with an increasing wait-and-see attitude. It is expected that the domestic ammonium sulfate market will remain stagnant and operate mainly in the short term.

In June 2025, China’s phenol production was 444000 tons, an increase of 3000 tons from May and a month on month increase of 0.6%. In June, there were 8 phenol ketone enterprises in China that underwent parking maintenance, involving a phenol production capacity of 1.24 million tons. The phenol loss of the parking enterprises was about 80000 tons. In June, the operating rate of Chinese phenol enterprises increased by 3% month on month, reaching 79.2%.

Prediction of domestic phenol production and operating rate in July 2025: production around 490000 tons, continuing to increase month on month; In July, new production facilities were added, increasing the production capacity base, and the capacity utilization rate is expected to be around 80%. We will continue to monitor the operation status of domestic phenol ketone enterprises’ facilities.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the aniline market saw a broad rise in June. On June 1st, the market price of aniline was 7225 yuan/ton, and on June 27th it was 8162 yuan/ton, an increase of 12.98% during the month and a decrease of 30.64% compared to the same period last year.
2、 Analysis and Review
The aniline market in June was mainly affected by costs and its own supply and demand. At the beginning of the month, the price of aniline fell to a low level, crude oil prices fluctuated and rose, and the raw material pure benzene market was boosted. The aniline market stopped falling and stabilized. In the middle of the month, due to the escalation of conflicts in the Middle East, geopolitical tensions have escalated, and concerns about oil supply disruptions have intensified. Crude oil prices have jumped, and raw material pure benzene has risen, driving up the price of aniline. At the end of the month, some factories underwent maintenance, resulting in a decrease in supply and a favorable supply-demand situation. As a result, the price of aniline continued to rise.
Pure benzene: In June, the pure benzene market followed the fluctuations of crude oil, and the overall price increased compared to the beginning of the month. On June 13th, tensions escalated in the Middle East, with oil prices reaching a two month high and pure benzene catching up significantly. On that day, the price of pure benzene rose by around 250-350 yuan/ton. On June 23rd, crude oil prices plummeted and pure benzene began to decline. On June 1st, the average price of pure benzene was 5735 yuan/ton, and on June 27th, the average price was 6007 yuan/ton, with a monthly increase of 4.75%.
3、 Future expectations
The current supply of aniline in the market is tight, and factory equipment has been shut down for a short period of time. Production will resume gradually next week, and the supply side will have all the good news. Due to the impact of crude oil, the price of pure benzene on the cost side has fallen. Based on cost and supply and demand pressures, it is expected that the price of aniline will be under downward pressure in the short term.