The acrylic acid market continues to weaken
The current acrylic acid market continues its downward trend. As of July 15th, the benchmark price of acrylic acid in Shengyi Society was 7200.00 yuan/ton, a decrease of 1.01% compared to the beginning of this month (7266.67 yuan/ton). The market is showing a situation of oversupply. With the continuous increase in supply, downstream factories are mainly digesting contract sources, and the overall wait-and-see sentiment is strong, leading to a continuous fluctuation and downward shift in the focus of market negotiations.
Differentiation of ester market performance
In terms of acrylic ester products, there is a clear differentiation in market performance. The average market price of methyl acrylate remained at 8800-8900 yuan/ton, a decrease of 100 yuan/ton from the previous working day; Ethyl acrylate remains stable, with a market average price of around 10300-10400 yuan/ton. In contrast, the market performance of butyl acrylate is relatively weak, with an average price drop of 25 yuan/ton to 7650 yuan/ton. Holders of goods can adjust their quotes flexibly, but terminal procurement is cautious, and the actual transaction focus is relatively weak. The market for isooctyl acrylate remains stable, with an average price of 8800-8900 yuan/ton.
Lotion and MAA markets remain stable
Among other related products, the average market price of acrylic pure acrylic lotion is stable at 4800~5800 yuan/ton, and the market supply and demand are relatively balanced. The average market price of methyl acrylic acid is 10600 yuan/ton, with prices fluctuating between 10800-11000 yuan/ton in mainstream regions. Due to insufficient follow-up of downstream terminal demand, the market trading atmosphere is slightly sluggish, and many holders adopt a quoting strategy that follows the market trend.
Outlook for the future: weak consolidation as the main focus
The acrylic acid market is expected to continue to operate weakly. Supplier quotations tend to be flexible, end users tend to seek low-priced sources, and market negotiations tend to focus on the low-end. The butyl acrylate market may maintain a consolidation trend, and downstream users are cautious in purchasing, mainly focusing on digesting contracts or existing inventory. The actual transaction price may remain stable. It is expected that the acrylic acid market in East China will continue to operate weakly in the short term, while the butyl acrylate market may maintain a consolidation pattern.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and fell from July 14 to July 7, 2025. On July 14th, the benchmark price of toluene was 5560 yuan/ton, and on July 7th, the benchmark price of toluene was 5660 yuan/ton, a decrease of 1.77%. The toluene market has fluctuated downward this cycle, and the focus of negotiations has fallen. The recent shipment situation in Shandong region is not good, and the listing price was significantly reduced at the beginning of last week. With the decrease in prices, the enthusiasm for entering the market has improved significantly, and refinery shipments have rebounded. The demand in the oil blending industry is still acceptable, while others are weak. The downstream consumption situation in East and South China has remained lukewarm, with a lack of demand to boost the weak market situation.
Cost aspect: The international crude oil market has mainly fluctuated within the range of this cycle, with frequent fluctuations and limited impact on downstream markets. Market influencing factors have returned to the supply and demand side. As of July 11th, the settlement price of the August contract for WTI crude oil futures in the United States was $68.45 per barrel. The settlement price of Brent crude oil futures for September is $70.36 per barrel.
Supply side:
Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of July 14th, East China Company quoted 5500 yuan/ton, North China Company quoted 5500 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5600 yuan/ton.
Demand side:
On July 14th, the price of xylene at Sinopec Sales Company was temporarily stable, with a current execution price of 7250 yuan/ton. This price is implemented in East China, North China, Central China, and South China. The operation of facilities such as Yangzi Petrochemical and Zhenhai Petrochemical is stable, and sales are normal. The price remains unchanged compared to July 7th. As of July 11th, the closing prices of the xylene market in Asia were $811-813/ton FOB Korea and $836-838/ton CFR China, a decrease of $4/ton from July 4th.
Market forecast: The recent trend of crude oil is volatile, with significant fluctuations and insufficient guidance for the market. Market influencing factors are returning to the supply and demand side. The recent performance of the supply side has been relatively stable, with no significant positive factors. The demand side has been relatively rigid in the near future, while the demand in the oil blending industry is still acceptable, and other aspects are relatively stable. Overall, the performance of supply and demand is relatively weak, and it is expected that the market will experience narrow fluctuations in the short term. The focus will be on the impact of downstream demand changes on the spot market.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 25300 yuan/ton, an increase of 22.93% compared to the same period last year. On July 10th, the Business Society Bromine Index was 88.77, unchanged from yesterday, a decrease of 63.79% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 50.66% 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 remained stable, with a reference price of 25500-26500 yuan/ton for spot bromine production in Shandong region. Due to environmental policies, some enterprises have not fully resumed production. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, domestic sulfur prices have fallen, with an average market price of 2321 yuan/ton at the beginning of the week and 2304.33 yuan/ton at the end of the week, a decrease of 0.72% and an increase of 78.17% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are expected to remain stable. Bromine prices are expected to remain stable 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.

According to the Commodity Market Analysis System of Shengyi Society, lithium carbonate has shown a clear rebound trend recently. As of July 9th, the benchmark price of domestic battery grade lithium carbonate trading society was 62600 yuan/ton, up 1.51% from the beginning of the month and down 35.6% from the same period last year; The benchmark price of domestic industrial grade lithium carbonate trading company is 60966 yuan/ton, up 2.52% from the beginning of the month and down 35% from the same period last year.
Obvious fluctuation signal appears on the supply side
Since July, some high cost enterprises have actively adjusted their production pace, such as the online rumor that a lithium salt factory in Jiangxi plans to shut down for maintenance for two months, which is expected to affect monthly production of about 1000 tons. In the first quarter of this year, approximately 3 to 4 mines in Australia reduced production, including Pilbara
The closure of the mine resulted in a 6-7 point decrease in lithium concentrate in the first and second quarters compared to the previous quarter, with some mines experiencing a decline in grade, such as Greenbushes, which experienced a 0.1 point decrease in grade compared to the previous quarter, leading to an average cost increase of 24%. The strong upward trend in mining prices provides some support for lithium ore prices.
Downstream demand remains stable
The production of the power end fell in July. Some battery companies adjust their production plans based on market demand and their own inventory situation, resulting in limited incremental demand for lithium carbonate. However, with the continuous development of the new energy vehicle market, there is still room for growth in the demand for lithium carbonate in the long run.
Energy storage demand remains strong
Although the pace of energy storage project construction has slowed down due to the cancellation of mandatory allocation policies domestically, in the long run, the domestic energy storage market still has great potential for development.
Due to changes in export policies, the demand for overseas energy storage has brought uncertainty to the demand for lithium carbonate.
Policy favorable factors
Domestic policy: The General Office of the Ministry of Commerce issued a notice on June 23 to organize and carry out the 2025 New Energy Vehicle Consumption Season (July to December) in thousands of counties and towns, requiring the implementation of the policy of exchanging old cars for new ones. The People’s Bank of China and other six departments jointly issued the Guiding Opinions on Financial Support to Boost and Expand Consumption on June 24, encouraging financial institutions to carry out auto loan business, and appropriately reducing and remitting the liquidated damages arising from the early settlement of loans in the process of replacing old cars with new ones. These policies aim to stimulate the consumption of new energy vehicles and have a potential driving effect on the demand for lithium carbonate, but in the short term, the policy effect has not yet been fully reflected in the market.
Overseas policy: The extension of US tariff exemptions has to some extent supported the trend of energy storage competing for exports, which is favorable for the price of lithium carbonate. However, policy changes such as the US presidential election and the traceability requirements of the EU’s new battery law may disrupt demand. If the Trump administration suspends green energy subsidies and imposes tariffs, it will have a negative impact on the prospects of the US lithium battery market.
Business Society’s lithium carbonate data analyst believes that the lithium carbonate market still faces many uncertainties. If prices continue to rise, it may stimulate enterprises to resume production and invest in new production capacity, and the supply side will once again face incremental growth. In the short term, there is still a downward risk in lithium carbonate prices, and specific market changes still need to be monitored.

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.