The domestic fluorite price trend rose in August, with an average price of 3268.75 yuan/ton as of the end of the month, an increase of 3.77% from the beginning price of 3150 yuan/ton, and a year-on-year decrease of 7.62%.
Supply side: Mining operations are still tight, fluorite supply is still acceptable
The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has restricted the operation of fluorite enterprises. However, with the rise of temperature, northern enterprises are operating normally, and the supply of fluorite enterprises in the field has not changed much. Some fluorite manufacturers have appropriate inventory, and fluorite mining enterprises are holding prices and selling goods, resulting in a higher fluorite market in August.
Demand side: Hydrofluoric acid prices rise, refrigerant market rises
The domestic price of hydrofluoric acid is on the rise, and the mainstream price for hydrofluoric acid in various regions of China is negotiated at 10200-10800 yuan/ton. The downstream hydrofluoric acid units are still shut down, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and the overall production of hydrofluoric acid remains at more than 50%. Hydrofluoric acid enterprises maintain essential orders, and hydrofluoric acid enterprises are in a loss making state. In September, the prices of hydrofluoric acid from major manufacturers increased, which affected the price trend of fluorite.
The downstream refrigerant market continues to rise, and the refrigerant industry is strengthening its terminal policies. Demand is expected to achieve substantial improvement, and fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. Currently, the pace of purchasing at high prices is relatively slow, but the good inventory of the industry is orderly transmitted, and upstream products are mainly purchased on demand. The trend of refrigerant market has increased, and the fluorite market has risen.
In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF、 Graphite negative electrodes, photovoltaic panels, etc., have received certain support in the application of fluorite due to the demand for new energy and semiconductors.
Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production for safety inspections. The tight supply of fluorite mines is a positive support for the fluorite market, and the mentality of buying up rather than buying down is obvious; In September, the pricing of hydrofluoric acid market increased, but caution remained towards upstream fluorite procurement. Overall, the fluorite market is expected to rise in the short term.

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda rose on August 27th. The average market price in Shandong region is 882 yuan/ton, a year-on-year increase of 9.16%. On August 26th, the Business Social Chemical Index was 772 points, an increase of 1 point from yesterday, a decrease of 44.86% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 29.10% from the lowest point of 598 points on April 8, 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 risen steadily. The price of caustic soda in Shandong region is around 800-910 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with a mainstream market price of 870-930 yuan/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is stable, with a mainstream market price of 2700-2800 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. From the perspective of Shandong region, the price of caustic soda has risen. The pre maintenance equipment has not been restored yet, and the inventory pressure of the enterprise is not high. The prices of liquid alkali purchased by major downstream enterprises have increased, and the prices of liquid alkali in the region have risen. Alumina is mostly purchased on demand, while non aluminum receiving is mainly purchased on demand.
Business Society analysts believe that in recent times, the price of caustic soda has slightly increased, and the market is running steadily. Domestic downstream demand is still acceptable, and caustic soda companies have little inventory pressure. Downstream inventory companies are expected to undergo maintenance. Next week, maintenance facilities will be restored in the northwest and southwest regions, resulting in an increase in load. In the north and east regions, there will be a reduction in production and a slight increase in load. The comprehensive prediction of supply and demand game is that caustic soda will maintain a stable operation in the later stage, depending on downstream market demand.

Recently (8.20-8.25), the domestic EVA market has seen a narrow consolidation. According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, the benchmark price of EVA in China was 10900 yuan/ton, unchanged from the previous period. On the one hand, the supply and demand of EVA have improved, but on the other hand, downstream consumers still have resistance to high priced goods, resulting in a narrow consolidation of the EVA market in the short term.
Recently (8.20-8.25), EVA production has dropped to over 7.7%, and Tianli New High School’s EVA equipment has been shut down for maintenance, easing the supply pressure in the EVA market. During the cycle, the price of raw material ethylene increased while the price of vinyl acetate decreased, providing cost support for EVA. As of August 25th, the domestic price of ethylene in Sinopec East China was 7050 yuan/ton, an increase of 2.17% from 6900 yuan/ton on August 20th; The price of vinyl acetate in the East China market is 5275 yuan/ton, a decrease of 0.94% from 5325 at the beginning of the month.
On the demand side, there has been an increase in short-term demand support for photovoltaics, while the foam side maintains a strong demand follow-up. However, downstream demand for high priced goods still remains resistant. The trading side holds goods cautiously and operates with the market, and the market is temporarily stable and organized.
Market forecast: Overall, raw material prices have fluctuated, and the pressure on the supply side of EVA production has eased. The downstream photovoltaic and foam industries are mainly supported by demand. With the arrival of the traditional peak season, it is expected that the EVA spot market will tentatively rise in the later period.

This week, the market is in a fierce game of “cost support” and “weak demand”. Upstream factories have a strong willingness to raise prices due to cost impact, while downstream procurement maintains rigid demand and suppresses prices. The stalemate between the two sides has led to difficulties in increasing transaction volume, and prices are operating steadily in the low range. As of August 25th, the benchmark price of acrylic acid in Shengyi Society was 6250.00 yuan/ton, a decrease of 6.02% compared to the beginning of this month (6650.00 yuan/ton).
As of August 25th, the benchmark price of propylene in Shengyi Society was 6605.75 yuan/ton, an increase of 2.68% compared to the beginning of this month (6433.25 yuan/ton). The cost support ratio has slightly weakened, but the absolute value still provides a support for acrylic acid.
The industry’s operating rate remains stable at around 68%, with 7 percentage points remaining at a medium low level. Factories balance supply and demand by reducing load to support prices.
The sustained inventory pressure of moderately high social inventory+3%+25% is one of the key factors suppressing price increases.
Supply side:
The price of the main raw material propylene remains stable, but still at a high level of around 6600 yuan/ton. The production cost of acrylic acid remains high, and at the current price level, some factories are already near the breakeven line or even losing money. Therefore, manufacturers have extremely limited room for concessions, and firm offers have formed a “floor” of prices.
Faced with sluggish demand, the factory did not choose to lower prices for promotion, but instead adopted a strategy of reducing the operating rate of the equipment. Recently, the overall operating rate of the industry has remained at around 68%, and some factories even have plans to shut down for maintenance. This move aims to stabilize market prices by reducing supply to prevent unlimited inventory growth.
Demand side:
The downstream industries of acrylic acid, such as butyl acrylate (used in coatings and adhesives) and SAP (superabsorbent resin used in hygiene products), have shown mediocre order performance. Especially in the traditional paint industry, which is in the off-season of consumption, the real estate industry lacks prosperity, making it difficult to effectively stimulate the raw material market.
Downstream factories and traders generally hold a bearish or cautious attitude towards the future market, with procurement strategies mainly focused on replenishing essential inventory needed to maintain production, and a very low willingness to stockpile large quantities of goods. And there is a widespread practice of price suppression, waiting for lower prices to appear, forming a “ceiling” of prices. The international market demand is also weak, coupled with fierce competition in overseas sources, the export order volume of domestic acrylic acid and esters has not shown significant improvement, making it difficult to effectively divert domestic supply pressure.
Outlook and Forecast for the Future Market
In the short term, the acrylic acid market is expected to continue its low-level consolidation trend, with limited upward and downward space. If there is no unexpected improvement on the demand side (such as large-scale downstream centralized procurement or a significant increase in export orders), it is difficult to sustain price increases solely through supply side price increases. High inventory and weak demand are the biggest suppressing factors. As long as there is no collapse in the cost side (propylene), the producer’s determination to raise prices will be very firm. Load reduction or even parking in a loss making state will become the last barrier to support the market.

Conclusion: The current acrylic acid market is in a typical “weak equilibrium” state. The low-level tug of war in the market will continue until strong external factors such as cost surges or demand surges break this balance. Market participants are advised to remain cautious, purchase on demand, and closely monitor changes in the key observation points mentioned above.

According to the Commodity Market Analysis System of Shengyi Society, from August 15th to 22nd, the average price of BDO in China fell from 7914 yuan/ton to 7714 yuan/ton, with a price drop of 2.53% during the period, a month on month drop of 11.33%, and a year-on-year drop of 10.15%. During the transition period between the old and new cycles, there is a strong wait-and-see sentiment in the market, with little news of contract order trading and actual spot order negotiations. However, the contradiction between supply and demand continues, and industry players are cautiously bearish. Holders are negotiating on the lower end of the market, and the market center is weakly oscillating.
On the supply side, the overall supply of the industry has increased, but the supply side support is average. The supply side of BDO is affected by negative factors.
On the cost side, raw material calcium carbide: production enterprises have smooth shipments. Downstream maintenance has gradually resumed, external sales of calcium carbide have weakened, and market inventory has shifted downstream. Raw material methanol: The domestic methanol market continues to be weak. As of 3:00 pm on August 22, the reference price for domestic methanol in Taicang is 2315 yuan/ton. The weak consolidation of raw materials such as calcium carbide and methanol, as well as the negative impact of BDO cost factors.
On the demand side, the main downstream PTMEG, PBT, and PU pulp production has increased, while the load of other industries has not changed significantly. The demand has increased month on month, but the imbalance between supply and demand in the industry continues. The downstream multi industry market continues to decline, with increased cost pressures and continued resistance to high raw material prices. The demand side of BDO is affected by bearish factors.
In the future forecast, both the supply and demand sides of the BDO market are expected to increase, but the imbalance in the industry will continue, which will negatively impact the market sentiment. At present, the BDO industry continues to suffer losses, and suppliers are reluctant to sell to stabilize the market. At the same time, with the gradual arrival of the traditional peak season, the atmosphere for downstream industries to enter the market for inquiries has improved, and there is an expectation for early stocking. BDO analysts from Shengyi Society predict that the domestic BDO market is expected to stop falling and stabilize.

According to the Commodity Market Analysis System of Shengyi Society, on August 20th, the ex factory price of cyclohexanone in Shandong Province, China was referenced to 7187 yuan/ton, which was basically the same as August 9th. Compared with August 1st (cyclohexanone price reference 7262 yuan/ton), the price decreased by 75 yuan/ton, a decrease of 1.03%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week, the cyclohexanone market in Shandong Province, China, has been operating steadily. During the week, there was little change in the fundamentals of the cyclohexanone market, and the fluctuations between supply and demand were relatively calm. The market was overall organized and operated. As of August 20th, the cyclohexanone market price in Shandong was around 7050-7100 yuan/ton.
Fundamental situation
In terms of supply and demand: Currently, there is not much spot supply of cyclohexanone in the market, and the pressure on the supply side is relatively small. The supply side provides certain support to the market. In terms of downstream demand, currently, the downstream demand for cyclohexanone is average and cautious, and the overall transmission of cyclohexanone supply and demand is relatively slow.
In terms of cost: Currently, the cost side raw material pure benzene oscillates, providing stable cost support for cyclohexanone. As of August 19th, the reference price of pure benzene was 6158.67 yuan/ton, an increase of 1.37% compared to August 1st (6075.33 yuan/ton).
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market in Shandong is relatively weak, and the mentality of industry players is average. Downstream users are mostly first-time buyers. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market in Shandong will mainly focus on narrow range consolidation and operation, and specific changes in supply and demand information need to be closely monitored.

price trend
According to the bulk ranking data from Shengyi Society, the domestic PC market mainly experienced a decline in mid August, with most spot prices of certain brands experiencing narrow price reductions. As of August 19th, the mixed benchmark price of Business Society PC is around 14283.33 yuan/ton, with a price fluctuation of -0.35% compared to early August.
Root cause analysis
On the supply side: In mid August, domestic PC aggregation enterprises had a large and stable load with small fluctuations, and the industry average operating level remained stable at around 81%. The average weekly output is close to 69000 tons, and the on-site supply is abundant. In terms of inventory, there is a high-level stalemate, and the pattern of abundant PC supply remains unchanged. The shipment pressure of the aggregation plant remains unchanged, and the market supply side has poor support for PC prices.
In terms of raw materials, it can be seen from the above chart that bisphenol A fluctuated and weakened in mid August. Upstream acetone and phenol have fluctuated, with limited boost to bisphenol A, while bisphenol A supply remains in a loose pattern. The weak demand has not changed, and the market lacks upward momentum. Overall, the decline in the bisphenol A market provides moderate support for PC costs.
On the demand side: Currently, it is still in the traditional off-season period for PC, and downstream factory loads have further decreased. The main focus is on stocking weak and rigid demand, and early warehouse construction operations are rare. Due to the long-term weak market dynamics in the industry, high social inventory, and abundant on-site supply, it is difficult to improve the supply-demand contradiction within the range. In addition, with weak foreign trade orders, terminal enterprises are under pressure and are resistant to high priced sources of goods. On the other hand, the financial pressure on traders has increased synchronously, and there has been an increase in the practice of offering discounts and taking orders. The circulation speed of on-site goods is slow, and the trading performance continues to be dominated by contract delivery. Overall, the demand side has weak support for PC spot prices.
Future forecast
In mid August, the domestic PC market fluctuated and weakened. The upstream bisphenol A market remains weak, providing little support for the cost value of PC. The load of domestic PC aggregation plants is generally stable, and the pattern of strong supply remains unchanged. The off-season characteristics of downstream demand remain unchanged, and market benefits are difficult to materialize. Industry players are adopting a wait-and-see attitude towards the future market. At present, PC prices are at a low level with some decline, but the market momentum is unlikely to improve in the short term. It is expected that the PC market will continue to search for a bottom in the future.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 15th, the average quotation price of domestic high-quality DMF enterprises was 4090 yuan/ton, which remained stable compared to the same period last week. Currently, the price fluctuation range of DMF manufacturers is limited, and the focus of DMF market negotiations is stable, with a general purchasing atmosphere.
2、 Cause analysis
In terms of market, the reference price for spot delivery of DMF in Shandong and surrounding areas is 3950-4050 yuan/ton, the reference price for spot delivery of DMF in South China is 4200-4300 yuan/ton in Guangzhou market, the reference price for mainstream delivery of DMF in East China is 4020-4200 yuan/ton in Jiangsu, 4120-4270 yuan/ton in Zhejiang, and the current exchange rate for DMF purified water outflow from Shandong Jinkong Riyue New Materials Co., Ltd. is 3750 yuan/ton.
Upstream: Today, the methanol market in Zibo, Shandong Province negotiated a price of 2320-2326 yuan/ton to be delivered in cash. The mainstream merchants of methanol import sources in Nantong had a transaction range of 2335-2355 yuan/ton to be delivered in cash. The market price of methanol outside Xinjiang was reported as 1725 yuan/ton to be withdrawn in cash by factories, and the market price of methanol in northern Xinjiang was 1730 yuan/ton to be withdrawn in cash by factories.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market is expected to maintain its current trend in the short term, with limited upstream cost support and average downstream procurement demand, resulting in limited upward momentum for prices.

1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market was mainly adjusted within the range this week (8.11-15), and the price did not change much compared to last week. After the market price rose during the week, it fell back, and the price basically returned to the level at the beginning of the week near the weekend. As of Friday, the average price of SG-5 PVC carbide method in China was 4813 yuan/ton, with a slight increase of 0.17% during the week.
2、 Market analysis
This week, the ex factory prices of PVC manufacturers mostly remained at last week’s price level, with some slight adjustments controlled at 20-50 yuan/ton. The main reason is that the fundamentals have not improved significantly, the position of crude oil prices has fluctuated, and the futures market has also maintained a weak range. After the PVC price rose at the beginning of the week, it stopped rising from mid week to the weekend and slightly fell back, with a weak price and a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4850-4980 yuan/ton.
In terms of upstream calcium carbide, the calcium carbide market rebounded this week, and prices continued to rise. According to the commodity analysis system of Shengyi Society, the increase this week was 1.39%. The price is still relatively low, with limited support for PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the PVC spot market is lukewarm, mainly due to insufficient downstream operating rates, average demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.

Isooctanol prices fluctuated and fell in August
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the price of isooctanol was 7383.33 yuan/ton, a fluctuating decrease of 1.99% compared to the price of 7533.33 yuan/ton on August 1st. In early August, the price of isooctanol fluctuated and fell. In August, the production of isooctanol equipment resumed, and the operating rate of isooctanol equipment slightly increased. New production capacity of isooctanol was added, and the supply of isooctanol increased; Downstream plasticizer companies have resumed production, leading to an increase in demand for isooctanol and a double increase in supply and demand. As a result, the price of isooctanol has fluctuated and fallen.
Downstream plasticizer DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the DOP price was 7809.16 yuan/ton, a fluctuating decrease of 1.84% compared to the DOP price of 7955.83 yuan/ton on August 1st. In August, DOP production increased to 6.6%, plasticizer production increased, and plasticizer prices fluctuated and fell. The production of plasticizers has increased, the demand for isooctanol has increased, and the support for the rise in isooctanol prices still exists.
In August, DOP enterprises increased their production, with a stable operating rate of 6.60%. The production of plasticizers increased, and the demand for isooctanol increased. The support for the rise in isooctanol prices still exists.
Future expectations
According to the data analyst of Shengyi Society’s octanol product, in terms of demand, the start of DOP equipment in plasticizer companies increased in August, resulting in an increase in DOP production and a rebound in demand for isooctanol. This will increase the support for the rise of isooctanol in the future market; In terms of supply, the equipment production of isooctanol enterprises has increased, coupled with the production of new isooctanol capacity, resulting in an increase in isooctanol supply. Overall, the supply and demand of isooctanol have increased, but overall isooctanol is still in the stage of accumulation, and it is expected that the price of isooctanol will fluctuate and fall in the future.