On July 7th, foreign media reported that the Central Bank of Chile released data on Monday showing that as the world’s largest copper producer, Chile exported copper worth $4.67 billion in June 2025, an increase of 17.5% compared to the same period last year. This significant growth highlights the strong demand for copper in the global market and Chile’s crucial role in the global copper supply chain.
Copper is the backbone of Chile’s economy, and its export performance directly affects the overall economic health of the country. The year-on-year increase of 17.5% indicates that despite the uncertainty facing the global economy, demand for this critical industrial metal remains strong. This demand may be driven by factors such as global energy transition, electric vehicle production, and infrastructure construction.
In addition to strong copper export data, the Central Bank of Chile also announced that the country achieved a trade surplus of $1.33 billion in June. The achievement of a trade surplus usually means that a country’s exports exceed its imports, which helps to enhance its foreign exchange reserves, stabilize its currency exchange rate, and provide the government with greater fiscal space to implement economic policies or investment projects.
The growth of copper exports and the emergence of trade surplus together depict the positive trend of Chile’s economy in the current global market environment. Against the backdrop of increasing global investment in green energy and related technologies, the demand for copper, a key raw material, is expected to continue to grow, providing favorable conditions for Chile’s future economic development. The Chilean government and mining companies may continue to focus on how to effectively leverage this advantage to maintain their leading position in the global copper market.

According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has slightly declined this week. From June 27 to July 4, 2025, the price of mixed xylene has decreased from 6180 yuan/ton to 6120 yuan/ton, a decrease of 0.97%. This cycle, the domestic mixed xylene market has slightly decreased, and downstream demand for crude oil has weakened, leading to a weak atmosphere in the spot market. The Shandong region has been weak this week, with poor demand from downstream chemical and oil blending industries, leading to a decrease in quotes from major refineries. Both supply and demand have shown a weak trend. As the price difference between toluene and xylene continues to narrow, some downstream consumers have turned to buying toluene, resulting in a weak market atmosphere and a slight decline in prices.
Cost wise: The international crude oil market has fluctuated and risen this cycle. As of July 4th, the US WTI crude oil futures were closed for the Independence Day holiday, and the September Brent crude oil futures contract settlement price was $68.30 per barrel.
Supply side:
Sinopec’s xylene quotation summary shows that the company is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of July 7th, East China Company quoted 6150 yuan/ton, North China Company quoted 5900-6100 yuan/ton, South China Company quoted 6200-6250 yuan/ton, and Central China Company quoted 6000-6150 yuan/ton.
Demand side:
On July 7th, Sinopec Sales Company temporarily stabilized the price of xylene, with a current price of 7250 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably and sales are normal. Reduced by 50 yuan/ton compared to June 30th. As of July 4th, the closing prices of the xylene market in Asia were $815-817/ton FOB Korea and $840-842/ton CFR China, a decrease of $26/ton from June 27th.
Market forecast: The macro performance is weak in the near future, and crude oil prices have been fluctuating sideways, which provides insufficient guidance for the market. From the perspective of supply and demand, refinery and port inventories are operating at a low level, which still provides some support for the market. The downstream intention on the demand side still leans towards rigid demand. Under the atmosphere of supply and demand game, it is expected that the xylene market will mainly experience narrow fluctuations in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the domestic aggregated MDI market has been weak and declining recently. Except for the maintenance of the Wanhua Fujian plant, the northern large factory has reduced its load operation, while other plants are running smoothly and the supply of goods is stable. Downstream demand is sluggish, with small orders being the main focus, leading to a lack of confidence among industry players and a continuous decline in aggregated MDI. The current market lacks positive news support and will continue to operate weakly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid continued to decline in June. As of June 30th, the price was 2520 yuan/ton, a decrease of 180 yuan/ton compared to the price of 2700 yuan/ton at the beginning of the month, a decrease of 6.67% during the month.
As of the end of the month, the market price details of acetic acid in various regions of China in June are as follows:
Region /On June 1st /June 13th /June 30th
South China region /2550 yuan/ton /2475 yuan/ton /2550 yuan/ton
North China region /2540 yuan/ton /2400 yuan/ton /2385 yuan/ton
Shandong region /2570 yuan/ton /2430 yuan/ton /2390 yuan/ton
Jiangsu region /2490 yuan/ton /2400 yuan/ton /2450 yuan/ton
Zhejiang region /2700 yuan/ton /2625 yuan/ton /2650 yuan/ton
In June, the price of acetic acid fell weakly, and the utilization rate of acetic acid production capacity on the supply side increased. The market supply was sufficient, and enterprises had a strong intention to ship. In terms of demand, the downstream market was average, with limited consumption of acetic acid and average market transactions. Acetic acid enterprises were hindered from shipping, and at the same time, raw material prices rose, acetic acid profits decreased, and enterprise inventories were under pressure. The center of acetic acid transactions continued to shift downwards.
The methanol market on the raw material side is experiencing a strong upward trend. As of June 30th, the average price in the domestic market was 2805 yuan/ton, an overall increase of 24.67% compared to the beginning of the month price of 2250 yuan/ton. Due to the impact of geopolitical conflicts overseas, the methanol production rate has decreased, port arrivals have decreased, and the futures market has surged significantly. The spot market has followed suit and risen. The port market has strong support during the month, and the domestic methanol market has risen at a high level.
Market forecast: Business analysts believe that the acetic acid market is currently operating differently, with poor shipments in the North China region and lower enterprise quotations. Shipments in the East and South China regions are still acceptable, with firm enterprise quotations as the main factor. Downstream demand is expected to follow suit, with limited market trading and supply and demand competition. It is expected that the acetic acid market will consolidate weakly in July, and specific attention will be paid to downstream follow-up situations.

Basic trend
In June, the domestic liquid ammonia market mainly fluctuated and rose, breaking out of a trend of first rising and then falling. According to the Commodity Market Analysis System of Shengyi Society, liquid ammonia recorded a monthly increase of 3.34%. At the end of the month, the mainstream quotation in Shandong region is between 2300-2450 yuan/ton.
make a concrete analysis
In the first ten days, the liquid ammonia market began to gain momentum, and the overall operating rate of domestic manufacturers significantly declined, especially in the main production areas in the north, where the amount of ammonia released by enterprises was generally low. In addition, Fujian, Jiangsu and Zhejiang regions, Hebei and Shanxi are experiencing supply shortages due to equipment maintenance or temporary malfunctions. The local demand has slightly increased, and the trading atmosphere has improved. The ex factory price of liquid ammonia has naturally increased several times. At the beginning of the month, the manufacturer raised the price by more than 100 yuan/ton in the first week. The market performance is in short supply.
In the middle of the month, there was a reversal in the liquid ammonia market, with a sharp downturn in the market and a widespread decline in various markets. In addition, the northwest and Inner Mongolia have also experienced declines along with the downturns in Shanxi, Shaanxi, and other regions. The main reason for the increase in supply pressure is that the operating rate in many major production areas in the north has rebounded, and malfunctioning enterprises have resumed work one after another. There are more ammonia enterprises converting to liquid ammonia, and the amount of ammonia has increased unprecedentedly. In addition, most of the facilities in Central China, Northwest China, and other regions have been operating steadily, and the increase in supply has led to a general accumulation of inventory among manufacturers. Manufacturers have generally lowered prices to clear inventory and reduce pressure. Most prices have fallen to the level before the market started. As the end of the month approaches, liquid ammonia maintains a narrow adjustment pattern, with slightly loose supply performance and weak market conditions.
Future forecast
Business analysts believe that from a supply side perspective, the current market operating rate remains at a medium high level, but many manufacturers have maintenance plans in July, and it is expected that the supply of liquid ammonia will show a downward trend in July.
From the demand side, agricultural demand will remain at the off-season level, and the demand for compound fertilizers will continue to decline. Phosphate fertilizers will show a moderate trend, and overall, the demand for liquid ammonia may remain sluggish.
Taking all factors into consideration, the future supply and demand of liquid ammonia will show a certain contraction trend in the near future, and prices will fluctuate with the intensification of the supply-demand game. Overall, the decrease in supply will be higher than the decrease in demand, and it is expected that the price of liquid ammonia will fluctuate strongly.

The upward trend of epoxy propane market prices in June is the main trend, and the prices are stabilizing towards the end of the month. According to the monitoring system of Shengyi Society, as of June 27th, the benchmark price of Shengyi Society’s epoxy propane in Shandong Province was 7666.67 yuan/ton, an increase of 4.4% from the beginning of the month.
Price influencing factors:
Supply side: At the beginning of the month, the inventory of epoxy propane in the market was tight, which provided strong support for the rise in epoxy propane prices.
Raw material side: The rising market price of raw material propylene provides strong support for the cost of epoxy propane. According to the market analysis system of Shengyi Society, as of June 26th, the benchmark price of propylene in Shengyi Society was 6838.25 yuan/ton, an increase of 4.59% compared to the beginning of this month (6538.25 yuan/ton).
Demand side: The downstream market for epoxy propane is in urgent need of procurement, with limited new inquiries and cold terminal demand. Therefore, it is mainly a wait-and-see approach. Downstream demand for polyether is not fluctuating significantly, with rigid procurement being the main focus and some incremental procurement. The demand for propylene glycol is generally followed up, but some factories may resume production in the later stage, and there may be an increase in demand. Overall, there is still some support from the demand side for the epoxy propane market, and the market may experience narrow consolidation in the later stage.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the supply of epoxy propane is tight, but the equipment will gradually resume at the end of the month, and the tight inventory situation will be alleviated. The market price will be consolidated and the downstream market will enter the off-season with weak demand, passive follow-up, limited new inquiries, and a wait-and-see attitude. It is expected that the epoxy propane market will mainly experience narrow consolidation in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province has fallen and fluctuated overall, with an average market price of 16175 yuan/ton at the end of the month and 16925 yuan/ton at the beginning of the month, a monthly decline of 4.43%.
This month’s market analysis
Magnesium prices sharply decreased in the first half of June, and then fluctuated and bottomed out in the second half. In the early stage, there was a continuous pullback, while in the later stage, there was a strong rebound after hitting the bottom. During this process, both the supply and demand sides engage in a game around prices, and the level of market activity gradually increases.
Supply and demand side
On the supply side, the operating rate of original magnesium production enterprises is still at a low level, and companies generally have a strong willingness to raise prices. Some companies have suspended quotations and shipments in the low price range.
On the demand side, when prices drop to a low level, downstream purchasing volume significantly increases. After the price began to rise, the willingness of downstream enterprises to replenish also further increased. After the price increase, the wait-and-see atmosphere on the application side remains strong, and downstream buyers mostly adhere to the strategy of essential procurement, maintaining low inventory levels. Such a cyclical supply-demand game has led to a bottoming out of magnesium prices.
In terms of raw materials
In terms of raw materials, there was a slight downward trend in coal prices, orchid charcoal prices, and silicon iron prices at the beginning of the month. The subsequent coal price correction and continuous rise provide support for magnesium prices.
Future forecast
In the short term, the trend of magnesium ingots is expected to continue the bottom game state, with a stable and strengthening operating trend. On the supply side, low inventory and rigid cost support, along with upstream raw materials, have provided a solid bottom support for magnesium ingot prices.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial grade phosphoric acid in China was 6690 yuan/ton on June 26, and 6730 yuan/ton on June 1. This month, the price of 85% industrial grade phosphoric acid in China has dropped by 0.59%.
2、 Market analysis
This month, the domestic phosphoric acid market has shown a trend of first rising and then falling. In the first half of this month, the price of raw material yellow phosphorus increased, cost support increased, and the market price of phosphoric acid rose. In the second half of this month, the price of raw material yellow phosphorus weakened and cost support was insufficient. The trading volume in the phosphate market is light, with limited new orders and a decline in phosphate market prices.
Market situation
As of June 26th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6850 yuan/ton, in Sichuan region it is around 6300-6800 yuan/ton, and in Yunnan region it is around 6500 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6500-7300 yuan/ton.
In terms of cost
Raw material yellow phosphorus market. This month, the yellow phosphorus market has shown a trend of first rising and then falling. In the first half of this month, downstream suppliers gradually restocked and procurement demand increased, leading to an increase in the transaction price of yellow phosphorus in the market. In the second half of this month, downstream price cutting procurement has caused resistance to high prices, resulting in weak and downward transaction prices in the yellow phosphorus market.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been steadily consolidating and operating in recent days. The raw material yellow phosphorus is in a supply-demand stalemate stage, and the phosphoric acid market is mainly observing and waiting. It is expected that the domestic phosphoric acid market will experience slight fluctuations and consolidation in the short term.

1、 Market Overview
The current acrylic acid market shows a clear trend of regional and category differentiation and upward trend. As of June 25th, the benchmark price of acrylic acid in Shengyi Society was 6933.33 yuan/ton, an increase of 2.15% compared to the beginning of this month (6850 yuan/ton). Breaking the weeks long bottom stalemate; This pattern of “filling in low price areas and breaking through high price areas” reflects the volatile upward characteristics of the market driven by cost and demand.
2、 Demand side
Substantial improvement is the fundamental driving force behind this round of upward trend. The operating rates of the three major downstream industries have significantly increased: the SAP (high water absorbent resin) industry has achieved an operating rate of 82%, an increase of 7 percentage points from May. The turnover days of its raw material refined acid inventory have dropped to 8 days (below the safety line of 15 days), highlighting the urgency of replenishment; The operating rates of water-based coatings and adhesives industries have increased to 68% and 65% respectively, with a month on month growth of 5%. The procurement volume of essential needs has been synchronously increased – paint leaders such as Wanhua and Sankeshu have locked in July’s refined acid orders, with a month on month increase of 15% in procurement volume. Incremental contribution to export market: Southeast Asian SAP orders increased by 22% in June.
3、 Supply side
The price of raw material propylene continues to rise: as of June 25th, the benchmark price of propylene in Shengyi Society was 6900.75/ton, an increase of 5.54% compared to the beginning of this month (6538.25 yuan/ton).
4、 Future outlook:
In the short term, the market still has momentum: SAP export orders have been scheduled until late July, and the operating rate will remain at a high level of over 80%; The expected increase in propylene prices above $1000/ton; Combined with low factory inventory and sufficient pre-sale orders, the bottom support of prices is stable. However, the continued rise of ordinary acid faces resistance: the delivery price of 6850 yuan/ton of ordinary acid in East China has caused resistance from downstream coating companies (with profit margins compressed), and Shandong Chemical’s 60000 tons/year new plant is scheduled for trial production in July, which may suppress the price increase in low-priced areas.
Shandong Puyan: expected to operate in the range of 6700-7000 yuan/ton in July, with low-priced sources rising but high-end sources under pressure; East China Refined Acid: Supported by export orders, the price range has been raised to 7400-7600 yuan/ton; The overall market center: General acid will fluctuate and consolidate at 6500-7000 yuan/ton, while refined acid still has the potential to rise.
In summary, the current volatile rise in the acrylic acid market is essentially a structural trend, with the rebound in the low price area relying on cost support and replenishment of essential demand, while the breakthrough in the high price area is driven by high-end export demand. In the next month, the momentum of general acid prices may weaken, and resistance to transactions above 7000 yuan/ton may appear. However, refined acid will still maintain its strength despite the continued increase in SAP exports.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, on June 24th, the price of baking soda remained stable, with an average market price of 1273 yuan/ton, a decrease of 45.22% compared to the same period last year. On June 23, the Business Society Baking Soda Index was 84.42, unchanged from yesterday, a decrease of 64.20% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 0.06% from the lowest point of 84.37 points on June 19, 2025. (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 steadily, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1200-1300 yuan/ton in Henan region and 1300-1400 yuan/ton in Shandong region. Due to downstream demand driven procurement, it is expected that weak operations will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash is operating steadily. The current market average price is 1284 yuan/ton, a decrease of 38.56% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been consolidating recently, with the upstream raw material soda ash generally operating in the near future. Downstream baking soda is mostly purchased on demand in pharmaceuticals, textiles, food, and other fields, with average demand enthusiasm. Overall, it is expected that the price of baking soda will mainly fluctuate in the later stage, depending on downstream market demand.