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.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the reference average price of domestic urea market was 1834 yuan/ton, which is 2.12% higher than the reference average price of 1796 yuan/ton on June 13th.
2、 Market analysis
market conditions
The domestic urea market continued to rise this week, but prices fell on Friday. This week, the urea futures market surged, boosting the urea spot market. As of June 20th, the urea market prices in Shandong are around 1780-1850 yuan/ton, Hebei is around 1790-1830 yuan/ton, Henan is around 1770-1840 yuan/ton, Hubei is around 1830 yuan/ton, and Liaoning is around 1910 yuan/ton.
Supply and demand situation
This week, the domestic urea market is experiencing oversupply. In terms of supply, some companies have undergone equipment maintenance this week, but the urea market supply is still abundant and inventory remains high. In terms of demand, downstream essential procurement is the main focus. This week, the operating rate of compound fertilizer enterprises has decreased, resulting in a decrease in demand for urea. The demand for agriculture in the north is gradually releasing and increasing.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market has been on the rise and then falling back recently. At present, the urea market is oversupplied, and market demand needs to be further released. After the continuous rise of urea, market sentiment has cooled down, and it is expected that the short-term domestic urea price will be mainly weak and stable.

According to the Commodity Market Analysis System of Shengyi Society, from June 16th to 20th, MTBE prices rose from 5117 yuan/ton to 5175 yuan/ton, with a price increase of 1.12% during the cycle, a month on month increase of 5.61%, and a year-on-year decrease of 20.23%. The domestic MTBE market is operating steadily, mainly boosted by the significant increase in international crude oil prices. But as MTBE prices rose to a temporary high and transactions cooled down, downstream businesses became more cautious about high prices and only made sporadic purchases for essential needs.
In terms of cost and crude oil, the international oil price has risen significantly, mainly due to the escalation of the war, which has led to a sudden increase in market concerns about potential supply risks. As of June 19th, the settlement price of Brent crude oil futures for the August contract was $78.85 per barrel.
On the demand side, international crude oil futures prices have surged, and the price of refined oil products has risen rapidly. At the beginning of the week, the rise in crude oil boosted the seller’s mentality, and refineries took the opportunity to raise their prices to expand their profit margins. In the later stage, the fluctuation of crude oil caused instability in the mentality of oil market operators, and high oil prices suppressed the entry of middle and downstream merchants into the market for procurement. In addition, the current weak terminal demand has led to a slightly average market transaction atmosphere. The MTBE demand side is influenced by favorable factors.
Supply side: The operating rate of the equipment has increased. Short term domestic MTBE supply is affected by bearish factors.
As of the close on June 19th, the closing price of the Asian MTBE market has decreased by 0.06 US dollars/ton compared to the previous trading day, with FOB Singapore closing at 712.88-714.88 US dollars/ton. The closing price of the European MTBE market has increased by $45.5/ton compared to the previous trading day, with FOB ARA closing at $850.99-851.49/ton. The MTBE market in the United States is closed.
The future forecast shows that there is still room for international oil prices to rise, and the expectation of a new round of retail price limits has been significantly raised, with good expectations for gasoline. The MTBE analyst from Shengyi Society believes that the domestic MTBE market is mainly characterized by strong fluctuations.

Price Trend (6.11-6.18)
Stable at the beginning of the week, with a slight decline later on. On site trading is average, and under the game of supply and demand, inventory accumulates. Some companies have slightly reduced prices to reduce inventory. According to the monitoring of the commodity market analysis system of Shengyi Society, as of June 18th, the average price of dichloromethane water in Shandong Province was 2150 yuan/ton, a decrease of 1.15% during the week and 8.32% year-on-year.
analysis of influencing factors
Supply side: Loose, some companies reduce their burden
Device dynamics: The industry as a whole is operating at around 80% capacity, with relatively stable supply. Currently, some enterprises are maintaining a load reduction operation.
Inventory pressure is evident: some manufacturers have accumulated inventory, and their willingness to reduce prices to reduce inventory is increasing.
Cost side: Methanol surges, liquid chlorine weakens
Methanol: The geopolitical conflict in the Middle East has escalated, and there are reports that most of Iran’s methanol plants have been shut down, which may have a significant impact on the arrival of goods at ports in the later stage. Methanol prices have risen strongly, and as of June 18th, the spot price of methanol on Shengyi Society was reported at 2674 yuan/ton, an increase of 14.71% for the week. Cost support has been strengthened, but weak demand has limited price transmission.
Liquid chlorine: The price of liquid chlorine in Shandong has slightly fallen, partially offsetting the impact of methanol’s rise.
Demand side: primary demand, refrigerant or storage support
Dichloromethane, as an important organic solvent and chemical raw material, is widely used in the fields of refrigerants, pharmaceuticals, coatings, adhesives, electronic cleaning, etc., and is mainly purchased for essential needs. June is usually the traditional off-season for the chemical industry, and some downstream enterprises may experience weak demand due to high temperatures, rainy seasons, or reduced operating rates during environmental inspections. Due to the rainy weather in some regions (such as East China and South China), the demand for industries such as construction and coatings may slow down.
The consumption market structure of refrigerant R32 is 40% export+40% household air conditioning production+20% industrial, commercial, and agricultural refrigeration+household, industrial, commercial, and agricultural heating+maintenance market. The third quarter is the relatively peak season for maintenance+export market, and it is expected to maintain a good upward trend. In the next six months, demand will increase significantly, and refrigeration companies will apply to increase R32 production quotas in August, which may boost demand for dichloromethane.
Future prospects
The supply-demand game continues, and the contradiction between cost and demand is prominent, resulting in short-term fluctuations and consolidation of dichloromethane. If inventory pressure increases, prices may continue to decline slightly; If methanol continues to rise, companies may raise prices.

According to the commodity analysis system of Shengyi Society, in early June, the overall hydrogen peroxide market rebounded and prices rose. On June 1st, the average market price of hydrogen peroxide was 696 yuan/ton. On June 17th, the average market price of hydrogen peroxide will be 703 yuan/ton, with a price increase of 0.96%.
Liduo leads the improvement of the hydrogen peroxide market
Since June, the demand for terminal printing and papermaking industries has increased, and some manufacturers of hydrogen peroxide have stopped for maintenance. Supply remains tight, supported by positive factors. The hydrogen peroxide market has gradually risen, with the average price in the domestic market rising to around 700 yuan/ton and the price increasing by about 20 yuan/ton. The market transactions are still acceptable, and the market is heating up.
The hydrogen peroxide analyst from Shengyi Society believes that by the end of June, the demand for terminal printing and papermaking industry was average, and the pressure on hydrogen peroxide supply remained. The upward trend in the future market is still under pressure.

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been running weakly this week. The average market price at the beginning of the week was 885 yuan/ton, and the average market price over the weekend was 883 yuan/ton, a decrease of 0.23% and an increase of 11.21% compared to last year. On June 12th, the Business Social Chemical Index was 782 points, up 1 point from yesterday, down 44.14% from the highest point of 1400 points during the cycle (2021-10-23), and up 30.77% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been running weakly this week. The price of caustic soda in Shandong region is around 830-930 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 930-980 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 2800-2900 yuan/ton (converted to 100%). During the week, the liquid alkali market in Shandong remained stable with small fluctuations, and there were no significant fluctuations in the supply side of the Shandong region. Alumina was mostly purchased on demand, and non aluminum deliveries were noticeably cautious. The main downstream purchasing prices were lowered, and there was no positive support for caustic soda prices.
Business Society analysts believe that the recent weak operation of caustic soda prices is supported by moderate downstream demand in China, which supports the consolidation of caustic soda prices. The comprehensive supply-demand game predicts that caustic soda will maintain a consolidation operation in the later stage, depending on downstream market demand.

Analysis: This week (6.9-13), the liquid ammonia market in Shandong was sluggish, with prices fluctuating and falling. According to the Commodity Market Analysis System of Shengyi Society, the main production area of Shandong experienced a weekly decline of 0.97%. The main reason is obvious supply pressure and excessive market inventory. Recently, with the resumption of maintenance equipment, the supply side has shown loose performance. Coupled with the increase in urea to ammonia conversion by manufacturers, the supply has significantly increased, and the rise in ammonia volume has dragged down ammonia prices. From the beginning of the week to the middle of the week, prices remained firm, but as the weekend approached, companies were affected by inventory pressure and began to lower prices. Mainstream large factories in Shandong generally lowered their prices by 50-100 yuan/ton. Distributors mainly underreport shipments. And downstream procurement enthusiasm is not high, agricultural demand is still in the off-season, industrial demand remains rigid, and the overall demand side is bearish. At present, the mainstream quotation in Shandong region is 2300-2400 yuan/ton.
Prediction: In the recent off-season of the agricultural demand market, industrial demand has followed suit, and the supply is sufficient. However, the supply pressure may partially ease in the later stage. On the one hand, as prices hover at low levels or supply is tightened in the main production areas of the north, there will be an increase in enterprise inspections and price hikes. From the demand side perspective, downstream procurement may continue to be sluggish, maintaining reasonable procurement demand. There is limited room for order growth in the later stage, and industrial demand urgently needs to be followed up. Taking all factors into consideration, the performance of liquid ammonia may still be weak next week, and it cannot be ruled out that it may continue to decline.

This week, the epoxy chloropropane market continued its downward trend. According to the monitoring and analysis system of Shengyi Society, as of June 12th, the benchmark price of Shengyi Society’s epichlorohydrin was 9300.00 yuan/ton, a decrease of -4.12% compared to the beginning of this month (9700.00 yuan/ton).
Price influencing factors:
On the raw material side, the external price of glycerol remains high and strong, while domestic demand is weak, resulting in a slight decrease in its focus. However, the cost of glycerol based epichlorohydrin is still under high pressure. The market price of raw material propylene has slightly decreased, and the cost support is still insufficient. According to the market analysis system of Shengyi Society, as of June 12th, the benchmark price of propylene in Shengyi Society was 6513.25 yuan/ton, a decrease of 0.38% compared to the beginning of this month (6538.25 yuan/ton).
Supply side: The average production capacity utilization rate of propylene based epichlorohydrin is 90% or above, and production is currently active; Due to the significant losses incurred by the company, the capacity utilization rate of glycerol method is only around 40%. Overall, the supply of epichlorohydrin is relatively sufficient.
Downstream demand side: The demand for epoxy resin in the downstream market has weakened, with sluggish actual order transactions and a capacity utilization rate of over 50%. Overall, downstream demand is average, and the market has a strong wait-and-see attitude.
Market forecast: Analysts from Shengyi Society believe that the cost side support is insufficient, downstream demand is weak, the purchasing mentality is not positive, and the actual trading atmosphere in the market is cold. It is expected that the market for epichlorohydrin in the short term will maintain a stable to weak trend, and more attention still needs to be paid to changes in raw material prices and market supply and demand.