1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been consolidating this week. The average market price at the beginning of the week was 24800 yuan/ton, and the average market price over the weekend was 25000 yuan/ton, with a price increase of 0.81%, which is 9.65% higher than the same period last year. On June 5th, the Business Society Bromine Index was 87.02, unchanged from yesterday, a decrease of 64.51% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 47.69% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
This week, the price of bromine has been consolidating, with a reference price of 24500-26500 yuan/ton for spot production of bromine in Shandong region. The temperature has risen this week, and domestic bromine enterprises have started working steadily. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2454.33 yuan/ton at the beginning of the week and 2407.67 yuan/ton over the weekend. The price has decreased by 1.9% and increased by 122.25% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to remain stable. Bromine prices are expected to remain strong this week, while downstream purchases will be made as needed. Bromine enterprises focus on stabilizing prices. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.

This week, the acrylic acid market experienced a significant broad decline. The formation of this trend is mainly influenced by the cautious and wait-and-see attitude of downstream markets. As of June 4th, the benchmark price of acrylic acid in Shengyi Society was 7333.33 yuan/ton, a decrease of -6.38% compared to the beginning of this month (7833.33 yuan/ton).
Supply and demand side:
The production and supply of acrylic acid are relatively sufficient, but downstream demand has not kept up with this pace. Downstream customers have generally adopted more cautious procurement strategies in the face of market uncertainty, resulting in insufficient market demand for acrylic acid. This supply-demand imbalance has further exacerbated the decline in acrylic acid prices.
From a technical perspective, the production technology of acrylic acid is relatively mature and the market competition is fierce. In order to compete for market share, some manufacturers have had to adopt a price reduction strategy, which has further driven down the price of acrylic acid.
Cost side:
Raw material propylene: Affected by the weakening of crude oil and the restart of PDH units, the price of propylene fell to 6555.75 yuan/ton (a monthly decrease of 2.15), and the cost line of acrylic acid further shifted downwards.
Looking ahead to the future:
The trend of the acrylic acid market will depend on the combined effect of multiple factors. On the one hand, the degree of recovery of downstream demand will directly affect the price trend of acrylic acid. If downstream demand can gradually recover, the price of acrylic acid is expected to stabilize and rebound. On the other hand, changes in the macroeconomic environment will also have a significant impact on the acrylic acid market. If the global economic situation can stabilize, the acrylic acid market is also expected to usher in new development opportunities.
In summary, the broad decline in the acrylic acid market this week was mainly influenced by the cautious wait-and-see attitude of downstream investors. In the future, the trend of the acrylic acid market will depend on the combined effect of multiple factors, and all parties need to closely monitor market dynamics.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the reference average price of 85% industrial thermal phosphoric acid in China was 6730 yuan/ton on May 30th, and 6870 yuan/ton on May 1st. This month, the price of 85% industrial thermal phosphoric acid in China has dropped by 2.04%.
2、 Market analysis
This month, the market price of phosphoric acid has been weak and declining. This month, the price of raw material yellow phosphorus has decreased, and cost support has weakened. Phosphoric acid has also decreased in line with the raw material market. The trading in the phosphoric acid market is flat, and downstream demand for replenishment is urgent. At present, the phosphoric acid market is mainly wait-and-see, with average new order transactions.
As of May 30th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6400-6700 yuan/ton, in Sichuan region it is around 6400-6600 yuan/ton, and in Yunnan region it is around 6600 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6700-7300 yuan/ton.
Raw material yellow phosphorus market. The yellow phosphorus market has declined this month, with bearish sentiment dominating the market. The yellow phosphorus market has sufficient supply and light trading. Poor terminal demand, reduced downstream inquiries, and weakened purchasing intentions.
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 market is weak and lacks cost support. The trading atmosphere in the phosphoric acid market is poor, with a focus on observing the trend of raw materials. It is expected that the domestic phosphoric acid market will weaken and consolidate in the short term.

1、 Price trend
Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by Business Society, the price of titanium dioxide in the domestic market fell in May. On May 1st, the average price of titanium dioxide was 15480 yuan/ton, and on May 29th, the average price of titanium dioxide was 15080 yuan/ton, with a price reduction of 2.58%.
2、 Market analysis
The domestic titanium dioxide market price fell in May. In the first half of the year, the price of sulfuric acid in the upstream fluctuated at a low level, and the market price of titanium concentrate decreased. Downstream enterprises have a strong wait-and-see attitude, with limited new transactions and a decrease in market prices. The downstream market has not shown much improvement in the middle of the month, with light market transactions and continued price reductions. In the latter half of the year, downstream demand for titanium dioxide was weak, and the price of raw material sulfuric acid slightly increased, putting pressure on enterprise costs and putting the titanium dioxide market in a stalemate. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14000-15600 yuan/ton; Sharp titanium type costs around 12700-13000 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate remained weak in May. At present, the titanium concentrate market is experiencing insufficient production, leading to significant cost pressures for enterprises. Downstream demand for titanium dioxide is weak, resulting in light new orders and cautious procurement of raw materials. Overall, the market price of titanium concentrate is unlikely to rise and will continue to operate steadily. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1870-2100 yuan/ton; The price of 47,20 ore ranges from 1950 to 2150 yuan/ton; The price of 38 titanium ore excluding tax is around 1180-1250 yuan/ton. It is expected that in the short term, the stable operation of titanium concentrate in the Panxi region will be the main focus.
According to customs data statistics, in April 2025, China imported 6587.73 tons of titanium dioxide, a year-on-year decrease of 2.71% and a month on month decrease of 20.45%. Among them, 3858.16 tons of chlorinated titanium dioxide and 2729.57 tons of sulfuric acid titanium dioxide were imported. From January to April, a total of 27374.49 tons of titanium dioxide were imported, a year-on-year decrease of 11.87%; Among them, 15815.51 tons of chlorinated titanium dioxide and 11558.99 tons of sulfuric acid titanium dioxide were imported.
According to customs data statistics, the export of titanium dioxide in April 2025 was approximately 148000 tons, a year-on-year decrease of 5.96% and a month on month decrease of 20.00%. Among them, 30400 tons of titanium dioxide were exported by chlorination method and 117600 tons were exported by sulfuric acid method. From January to April 2025, the cumulative export of titanium dioxide was 649000 tons, a year-on-year increase of 0.32%; Among them, 127900 tons of chlorinated titanium dioxide were exported, a year-on-year decrease of 1.85%, and 521100 tons of sulfuric acid titanium dioxide were exported, an increase of 0.87% year-on-year.
In 2025, the European Union and Brazil will impose tariffs on Chinese titanium dioxide. The anti-dumping measures have led to a continuous decline in the export volume of titanium dioxide in China. According to the export data of titanium dioxide in 2025, the export volume in January was 158400 tons, but it has declined to 148000 tons in April. From January to April 2025, the cumulative export volume of titanium dioxide in China was 649000 tons, a year-on-year increase of 0.3%, but the growth rate slowed down significantly.

On May 10, 2025, the Revenue Department of the Indian Ministry of Finance issued Notice No. 12/2025 Custods (ADD), accepting the affirmative final determination of the Indian Ministry of Commerce and Industry on titanium dioxide originating from or imported from China on February 12, 2025, and deciding to impose anti-dumping duties of $460-681/ton on the products involved in China, valid for 5 years.
The total export volume of titanium dioxide from China in 2024 is 1.9 million tons, of which India accounts for 16%, about 300000 tons; In the first quarter of 2025, the total export volume of titanium dioxide from China was 500000 tons, with India accounting for 20%, about 100000 tons. In April 2025, India was the largest exporter of titanium dioxide from China, with an export volume of 1827.95 tons. From this, it can be seen that India, as an important trading country for titanium dioxide in China, the imposition of anti-dumping duties has led to an increase in the cost of titanium dioxide, which will seriously affect China’s competitive advantage in the titanium dioxide export market to India. After India imposed anti-dumping duties, the profit margins of enterprises in exports have been further compressed, and some enterprises may face greater operational pressure.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market has declined this month. The downstream market is sluggish, and new orders are being executed cautiously. Internationally, the release of India’s anti-dumping measures has resulted in a weak market export situation. The formation of certain negative factors in the domestic market affects the mentality of downstream markets. It is expected that the price of titanium dioxide will be weak in the short term, and the actual transaction price will be negotiated one by one.

According to the monitoring of the commodity market analysis system of Shengyi Society, as of May 30th, the price of 0 # zinc was 22738 yuan/ton, a slight increase of 0.81% compared to the zinc price of 22556 yuan/ton on May 26th.
This week’s market analysis
This week, the zinc price rose within the range and later rebounded. Overall, there has been a slight increase.
After experiencing a round of decline, the price has entered a period of oscillation, and recently it has shown a trend of building a horizontal consolidation range, and the range of price fluctuations is gradually narrowing.
Raw material end
There is a strong willingness to raise the price of zinc concentrate at the end, but the recovery rate of processing fees is slow.
Supply and demand side
The preferences of downstream processing enterprises in raw material selection have changed. At present, the inventory turnover days of galvanized sheet have been extended, which may exert some restraint on the premium space of refined zinc. However, considering the expectation of a rebound in infrastructure investment still exists, this provides some support for the market.
Inventory end
At present, social inventory has been destocked, but it still remains at a high level.
comprehensive analysis
Due to the persistent situation of oversupply, prices have been suppressed and the downward trend of oscillation continues.

The butadiene rubber market in May first rose and then fell. According to the commodity market analysis system of Shengyi Society, as of May 29th, the butadiene rubber market price in East China was 11910 yuan/ton, a decrease of 0.33% from 11950 yuan/ton at the beginning of the month and a decrease of 6.81% from the highest point of 12780 yuan/ton in the cycle. The price of raw material butadiene first rose and then fell, and overall it rose; Shunding rubber production has significantly increased compared to April, but supply pressure still exists; The downstream tire production increased significantly at the beginning of the month, providing strong support for the demand for butadiene rubber. In late May, Shunding rubber returned to weakness, with supply prices gradually decreasing and market quotes falling. As of May 29th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11850-12200 yuan/ton.
In May, the price of butadiene first rose and then fell, and overall it rose. The cost support of butadiene rubber weakened at the end of the month. According to the Commodity Market Analysis System of Shengyi Society, as of May 28th, the price of butadiene was 9800 yuan/ton, an increase of 8.09% from 9066 yuan/ton at the beginning of the month, and a decrease of 14.29% from the high point of 11433 yuan/ton during the cycle.
In May, there was a significant increase in the early stage of the domestic butadiene rubber plant construction, followed by a slight increase in the later stage. The overall construction has increased significantly compared to April. As of May 29th, the domestic butadiene rubber plant construction is around 7.6%, and supply pressure still exists.
Demand side: After the Labor Day at the beginning of the month, downstream tire production increased significantly, and later maintained a slight fluctuation trend, mainly supporting rubber demand. As of May 23rd, the operating load of semi steel tires in domestic tire enterprises was around 7.8%; The operating load of all steel tires in tire enterprises in Shandong region is about 6.5%.; As of the week of May 23rd, domestic tire companies had 43 days of finished steel tire inventory, which remained unchanged on a week on week basis; The inventory of semi-finished steel tires has been 47 days, with an increase of 1 day in the weekly cycle ratio.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will rise and fall, and the expected cost support for butadiene rubber will weaken; The stable start of downstream production provides strong support for the demand for butadiene rubber, and there is still pressure on the supply side of butadiene rubber. Overall, it is expected that the butadiene rubber market will consolidate weakly in the later stage.

1、 Price trend
According to data monitored by Business Society, as of May 28th, the average price of domestic industrial grade high-quality cyclohexane was 7450 yuan/ton, with downstream market demand mainly for essential purchases, and the mainstream market price was around 7500 yuan/ton.
2、 Market analysis
In terms of demand, the downstream demand for cyclohexane is weak, the overall market supply and demand are balanced, the driving force for price increases is insufficient, and the downstream procurement atmosphere is average.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that the cyclohexane market is currently maintaining its current trend, with a moderate downstream purchasing atmosphere and an overall market supply-demand balance, resulting in insufficient upward momentum for prices.

According to Announcement No. 13 of the Ministry of Commerce in 2020, the anti-dumping measures on acetone did not end on June 8, 2020, but continued to be implemented from June 8, 2020, for a period of 5 years. Therefore, the anti-dumping measures for acetone are still being implemented.
If the anti-dumping measures end on June 8th, there may be the following consequences:
1. Imports increased significantly: Imported acetone originating in Japan, Singapore, South Korea and Taiwan, China may enter the Chinese market in large quantities. The producers in these regions are highly dependent on the Chinese Mainland market and have large capacity.
2. Intensified price competition pattern: Imported acetone may enter the Chinese market at a low price, which will impact the price system of acetone industry in Chinese Mainland, leading to a decline in the price of domestic similar products. The source of dumped imports of acetone will cause further damage to the acetone industry in Chinese Mainland in terms of market share decline and profit shrinkage.
If anti-dumping measures continue to be implemented, the above consequences will not occur. However, whether to continue implementing anti-dumping measures ultimately depends on the results of the review and investigation conducted by the Ministry of Commerce before the expiration date.
In the second quarter, as the weather turns hot and gradually enters the off-season of demand, coupled with the maintenance status of the Saudi Arabian unit and the planned production of the domestic Zhenhai Refining and Chemical Phenol Ketone Unit, the domestic supply will increase. Therefore, the import volume of acetone from June to August will decrease, and it is expected that the average monthly import volume of acetone in the second quarter will fluctuate around 35000 tons. In the second half of the year, if the anti-dumping measures end, there will be an increase in acetone imports, especially from overseas sources dumped into China, which will inevitably cause price shocks and lead to a downward shift in market focus.
If anti-dumping measures continue to be implemented, the above consequences will not occur. However, whether to continue implementing anti-dumping measures ultimately depends on the results of the review and investigation conducted by the Ministry of Commerce before the expiration date.

According to the Commodity Market Analysis System of Shengyi Society, the aggregated MDI market stopped rising and fell this week. Currently, the mainstream price for Shanghai goods is 16200-16300 yuan/ton, and the mainstream price for domestic sources (PM200) is 16400-16600 yuan/ton. Recently, the profit in the aggregated MDI market has been decent, with active sales by intermediaries and slight price fluctuations. During the week, the 800000 tons/year MDI plant in Fujian underwent maintenance in early June. The mentality of the industry has improved, with low prices increasing and demand side inquiries being active. Under the expectation of tight supply, it is expected that the aggregated MDI market will continue to operate strongly in the short term.

This week (May 19-23, 2025), the demand side remains sluggish, the adhesive short fiber market is consolidating and operating, and prices remain stable. The upstream raw material market is not performing well, while the downstream market is holding onto essential procurement in multiple dimensions. Demand fatigue remains unchanged, with weak support from both the cost and demand sides. The release of newly signed orders on the market is limited, and operators are mainly executing early-stage contracts. The price of adhesive short fiber market is being stabilized and regulated.
According to the Commodity Market Analysis System of Shengyi Society, as of May 23rd, the average market price of viscose staple fiber was 13360 yuan/ton, which was the same as the same period last week.
In terms of cost: This week (May 19-23, 2025), there was little change in the market price of raw material dissolving slurry, a slight rebound in the market price of auxiliary material liquid alkali, a continuous decline in the market price of sulfuric acid, a narrow decline in the market price of raw materials, and a slight decrease in the average production cost of adhesive short fibers.
Supply demand: The operating rate of adhesive short fiber manufacturers’ equipment remained stable within the week, and the industry supply remained stable. The downstream cotton yarn market has a strong wait-and-see atmosphere, with prices being mainly deadlocked. Insufficient orders have been placed in the terminal market, and downstream yarn companies still have a certain amount of raw material inventory. Coupled with high finished product inventory, a small number of orders have been signed on demand, and there has been no improvement in demand.
Future forecast
On the raw material side, the main material dissolution slurry market may operate weakly and steadily, the auxiliary material liquid alkali market may have an upward trend, and the sulfuric acid market or the overall market remains stable. Therefore, it is expected that the market price trend of adhesive short fiber raw materials will be inconsistent next week, and the cost support will be average.
Supply and demand side: The operating rate of the adhesive short fiber market equipment may not fluctuate significantly, and some manufacturers have high inventory levels. Therefore, it is expected that the supply side support of the adhesive short fiber market will be poor in the short term; Downstream yarn factories mainly consume raw material inventory and have a weak willingness to replenish raw materials. They may maintain rigid procurement, making it difficult for the demand side to improve. Therefore, it is expected that the demand side of the adhesive short fiber market will perform poorly next week.
Overall, the main raw material dissolution slurry market may experience weak consolidation, and downstream yarn market procurement enthusiasm is difficult to improve. The expected trading atmosphere in the market is flat, and it is expected that the domestic adhesive short fiber market will remain stable with small movements next week. The price is expected to be around 13000-13400 yuan/ton for acceptance.