According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has risen and fallen recently. As of August 4th, the benchmark price of domestic battery grade lithium carbonate was 70833 yuan/ton, a decrease of 2.75% from the recent high of 72833 yuan/ton (July 30th) and a decrease of 22.16% from the same period last year’s 91000 yuan/ton; The benchmark price for domestic industrial grade lithium carbonate trading is 69666 yuan/ton, a decrease of 3.06% from the recent high of 71866 yuan/ton (July 30) and a decrease of 21.19% from the same period last year at 88400 yuan/ton.
Under the background of “anti internal competition”, there is an expectation of production reduction and shutdown in the mining industry, which drives up prices
The ‘anti involution’ has raised market expectations of supply side contraction, amplifying the short-term supply gap. This expectation drove a significant increase in lithium carbonate prices in July, rising from around 60000/ton to 70000/ton.
After the price increase, the actual transaction volume in the market is limited
After the price increase, there has been a reduction in spot orders in the market, and downstream customers have limited willingness to receive goods at high prices. They have a hesitant attitude towards the future price trend of lithium carbonate, mainly adopting a wait-and-see approach.
Emotional expectations have fallen, and the fundamentals are still dominated by oversupply
From a fundamental perspective, although the supply and production of lithium carbonate have decreased and the entire industry chain is experiencing destocking, the overall situation is characterized by oversupply and limited demand growth.
The data analyst of Shengyi Society believes that although there is a trend of strengthened regulation in the mining sector, overall, lithium carbonate is still in a state of supply-demand mismatch, and there is still downward pressure on prices. It is expected to experience weak fluctuations in the short term, and specific changes in market supply and demand still need to be monitored.

According to the Commodity Market Analysis System of Shengyi Society, the xylene market will first decline and then rise in July 2025, with an overall downward trend. From July 1st to 31st, the domestic xylene market price fell from 6120 yuan/ton to 6010 yuan/ton, with a cumulative price drop of 1.8% during the period.
Early July: The domestic mixed xylene market saw a slight decline in this cycle, with weak crude oil and weak downstream demand, driving a weak atmosphere in the spot market. The performance in Shandong region is relatively weak, with poor demand from downstream chemical and oil blending industries, leading to a decrease in quotes from main 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.
Mid July: Markets across the country have generally declined this week. Due to weak demand in the Shandong region, refineries have frequently lowered their prices, resulting in a more significant decline in prices. Later on, as prices continued to decline, downstream companies were able to replenish their inventory at low prices. The shipment situation improved significantly in the later part of the week, with better demand from oil blending companies and more rigid demand from other industries. The East China region was boosted by low inventory, resulting in a slight decrease in prices. The inventory in southern China is low, but downstream demand is weak, resulting in a slight decline in prices.
In late July, the domestic xylene market experienced a slight rebound after an overall decline, indicating a weak overall trend. The decline in crude oil prices during the cycle has dragged down market sentiment. Downstream demand in Shandong region is relatively weak, and although refineries have voluntarily lowered their quotations, transactions are still limited. As downstream PX companies enter the market to replenish inventory, the market has slightly rebounded. The East China region continued to operate weakly this week, with low inventory levels. With the reduction of refinery listing prices and market downturn in southern China, downstream demand tends to be more rigid.
Cost wise: As of the 28th, the settlement price of the main contract for WTI crude oil futures in the United States was $66.71 per barrel, and the settlement price of the main contract for Brent crude oil futures was $70.04 per barrel. During this round of price adjustment cycle, crude oil prices have mainly fluctuated. On the one hand, OPEC+is likely to complete its 2.2 million barrels per day production increase plan before the end of September. In addition, with the trade agreement reached between the United States and Japan, the international oil market trend has fallen slightly due to this news; On the other hand, there are still concerns in the market about the tariff negotiations between the United States and Europe, as well as factors such as the Middle East issue and disturbances in the European situation, causing the crude oil market to maintain a volatile trend.
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 30th, East China Company quoted 5800 yuan/ton, North China Company quoted 5800-6000 yuan/ton, South China Company quoted 6150-6200 yuan/ton, and Central China Company quoted 5900-6150 yuan/ton.

Demand side:
According to the Commodity Market Analysis System of Shengyi Society, as of July 31, 2025, the price of xylene sold by Sinopec Sales Company has temporarily stabilized, with a current price of 7250 yuan/ton. This price is being implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical, and other facilities are operating stably with normal sales, with a price reduction of 50 yuan/ton compared to June 29. As of July 30th, the closing prices of the xylene market in Asia were 841-843 US dollars/ton FOB Korea and 866-868 US dollars/ton CFR China, unchanged from June 27th.
Market forecast: The crude oil trend will rise at the end of the month, which will provide a certain boost to the xylene market. Recently, with the production of some new equipment on the supply side, the market expects loose supply in the future. The demand side oil blending industry has recently shown weak performance, and PX companies’ purchasing intentions are also biased towards rigid demand, resulting in a slightly bearish demand side. Overall, under the influence of weak supply and demand, it is expected that the xylene market will mainly operate steadily, moderately, and weakly in the short term, with a focus on the trend of crude oil.

According to the Commodity Market Analysis System of Shengyi Society, the domestic 1 # lead ingot market experienced a slight decline in July 2025, with an average price of 16995 yuan/ton at the beginning of the month and 16725 yuan/ton at the end of the month, a monthly decrease of 1.59%.
On July 31st, the Business Society Lead Index was 101.79, a decrease of 0.48 points from yesterday, a decrease of 24.04% from the highest point of 134.01 points during the cycle (2016-11-29), and an increase of 36.39% from the lowest point of 74.63 points on March 19, 2015. (Note: The cycle refers to the period from September 1, 2011 to present)
K-bar chart of commodity prices, using the concept of price trend K-line, in the form of a bar chart, reflects the weekly or monthly price changes. Investors can make buying and selling investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-pillar represents the range of rise and fall.
The market trend showed a differentiated trend in the middle of the month. In the first half of the month, the profit of the recycled lead industry was restored, and the expectation of increasing production for enterprises continued to strengthen. In this context, the Shanghai lead price began to decline from a high of 17300 yuan/ton and gained cost support around 16800 yuan/ton. However, due to the off-season of consumption and weak market demand, although the Shanghai lead price rebounded in the future, it failed to effectively break through the integer threshold of 17000 yuan/ton.
supply end
Kazakhstan has implemented a policy to completely prohibit the export of unprocessed refined lead in any form, which has resulted in a continuous tight supply of lead concentrate and waste batteries, providing strong support for the cost side of lead. Currently, the prices of sulfuric acid and silver remain high, which affects the production enthusiasm of primary lead refineries. However, the old production line in Yuguang is undergoing maintenance, and Jinli has also implemented production reduction measures, but these adjustments are still difficult to offset the negative impact of the off-season consumption. At the same time, the recovery of the production of recycled lead is relatively slow, and the price difference between refined and waste materials occasionally shows an inverted phenomenon, leading downstream enterprises to prefer purchasing raw lead with lower prices. With the development of this trend, the number of lead storage facilities is gradually increasing, which also reflects the weak situation of the current consumer market.
demand side
Next month is traditionally the peak season for consumption, but the current market is facing many unfavorable factors. The Middle East region has launched an anti-dumping investigation against China’s lead-acid batteries, and measures to impose high tariffs have been implemented; At the same time, the results of the third round of economic and trade consultations between China and the United States have not yet been announced, and the United States has imposed tariffs on Southeast Asian countries, which indirectly affects China’s battery exports; In addition, the domestic policy of exchanging old for new has led to the early release of some consumption, resulting in a situation of pre consumption. Taking all these factors into consideration, the market’s concern that this year’s peak consumption season may not meet expectations is increasing.
Prediction of future trends
The current fundamentals of the lead market are showing signs of improvement and slight recovery, but the contradiction between supply and demand is not prominent and overall is relatively limited. If the lead price wants to rebound, its height largely depends on the actual performance of the consumer side. Currently, the market is waiting for inventory conditions to verify the degree of realization during the peak consumption season. Overall, it is expected that lead prices will continue to fluctuate within a narrow range in the future.

According to the price data from Shengyi Society, as of July 30th, the average selling price of PET is 6067 yuan/ton. In July, the price of polyester bottle chips showed a trend of first suppressing and then rising. At the beginning of the month, it continued to decline weakly. From July 1st to 12th, the price fell from 6067 yuan/ton to 5960 yuan/ton, a decrease of 1.76%. Starting from mid week, the price first stabilized and then increased. From July 14th to 18th, it rose from 5985 yuan/ton at the beginning of the week to 6035 yuan/ton, with a weekly increase of 0.84%. At the end of the month, due to factors such as rising raw material prices, prices continued to rise. On July 30th, some brands quoted prices such as Sanfangxiang at 6010 yuan/ton and Yisheng at 6080 yuan/ton.
Analysis of Core Influencing Factors
1. Cost side: Cost fluctuations dominate prices
The fluctuation of crude oil prices has a significant impact on polyester bottle chips. At the beginning of the month, crude oil prices fell due to OPEC+production expectations and uncertainty about US tariff policies, leading to a decline in Brent crude oil prices. This dragged PTA spot prices down to 4870 yuan/ton, ethylene glycol fell below 4400 yuan/ton, and the cost support for polyester bottle flakes weakened, causing prices to decline. After the middle of the month, crude oil and polyester raw materials rose, such as the slight increase in polyester bottle prices driven by the rise in crude oil on July 18th. On the 25th, influenced by macroeconomic positive news, crude oil prices rose and cost support was relatively strong, leading to an increase in PET market prices.
2. Supply side: reduced production and weakened capacity expansion
The reduction in production by major polyester bottle manufacturers has provided support for prices. The joint production reduction of 20% by top enterprises such as Wankai and Yisheng has gradually been implemented, with weekly output dropping to 327000 tons and capacity utilization rate dropping to 71.5%. Supply contraction has tightened market liquidity, which has to some extent supported price increases.
3. Demand side: Weak demand throughout the month
On the demand side: Although July to September is the peak season for soft drink consumption, the inventory of end products remains high. For example, the finished product inventory of textile enterprises has reached 23.64 days, and the soft drink operating rate remains at 80% -90%. The replenishment of inventory is only sporadic small orders, with no upward momentum. The performance on the demand side is relatively flat, which limits the price increase of polyester bottle chips.
Future prospects
Overall, the third quarter is the peak season for downstream soft drink consumption, coupled with active summer travel and performance economy, and terminal demand is expected to rebound. At the same time, the current industry processing fees are at a historical low, and mainstream factories are continuing to reduce production. The supply side is relatively tight. If demand can continue to be released to digest existing inventory, the short-term price of polyester bottle chips is expected to fluctuate upwards.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of July 29th, the reference average price of domestic urea market was 1817 yuan/ton, which is 0.95% lower than the reference average price of 1835 yuan/ton on July 22nd.
2、 Market analysis
market conditions
This week, the domestic urea market prices have weakened and fallen. This week, the urea futures market prices have declined, and the spot market has followed the trend of weak trading in the futures market. The urea market has sufficient supply, and downstream compound fertilizer enterprises mainly replenish their essential needs. As of July 29th, the urea market prices in Shandong are around 1750-1830 yuan/ton, Hebei is around 1750-1790 yuan/ton, Henan is around 1740-1770 yuan/ton, Hubei is around 1770 yuan/ton, and Liaoning is around 1780 yuan/ton.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market has been weak and declining recently. At present, the futures market is performing poorly, with overall inventory remaining high and demand not fully released. It is expected that in the short term, the domestic urea price will be weak and mainly operated through consolidation.

According to the commodity analysis system of Shengyi Society, since July, the hydrogen peroxide market has been weak and declining, and the market has weakened. On July 1st, the average market price of hydrogen peroxide was 733 yuan/ton, and on July 28th, the average market price of hydrogen peroxide was 700 yuan/ton, a decrease of 4.55% in price.
Weak demand, hydrogen peroxide market weakens in July
Since July, the terminal printing and papermaking industries have been undergoing centralized maintenance, resulting in a decline in terminal demand. Although some hydrogen peroxide manufacturers have stopped for maintenance, the supply pressure has eased to some extent. The market is still dominated by loose supply, with negative pressure. The hydrogen peroxide market has gradually declined, and the average price in the domestic market has dropped to around 710 yuan/ton, with a price drop of about 20 yuan/ton. The market transactions are average, and the market is weakening.
Since mid month, the demand for terminal printing and papermaking industries has increased, and some manufacturers of hydrogen peroxide have stopped for maintenance, resulting in a decrease in supply pressure and a combination of positive factors. The hydrogen peroxide market has heated up, and the average price in the domestic market has risen to around 700 yuan/ton, with a price increase of about 10 yuan/ton. Market transactions have improved and the market is rising.
At the end of the month, the hydrogen peroxide market gradually stabilized after rising, and the price remained at around 700 yuan. As of July 28th, the average market price of hydrogen peroxide was 700 yuan/ton, a decrease of 0.48% from mid month.
Business Society’s hydrogen peroxide analyst believes that in August, hydrogen peroxide companies will concentrate on parking and maintenance, and the market is expected to stop falling and rise.

According to the commodity analysis system of Shengyi Society, the styrene market fluctuated and fell this week, with an average price of 7856 yuan/ton at the beginning of the week and 7736 yuan/ton over the weekend, a decrease of 1.53% during the week.
News: On July 24th, international crude oil futures rose. The settlement price of the September WTI crude oil futures contract in the United States was $66.03 per barrel, an increase of $0.78 or 1.2%. The settlement price of Brent crude oil futures for September was $69.18 per barrel, an increase of $0.67 or 1.0%.
On the cost side: In terms of crude oil news game, the price fell less and rose more during the week, while pure benzene was boosted by macroeconomic factors and saw a slight increase in price during the week. Continue to monitor crude oil, external market trends, and production and sales dynamics.
Supply and demand side: The current profit of styrene is still acceptable, with high plant operation and accumulated port inventory. In terms of demand, downstream 3S is in a low season of demand, with urgent procurement and insufficient support for styrene.
Styrene external market: On July 24th, the closing price of styrene market in Asia increased by $2.5/ton, with a closing price of $905-910/ton FOB Korea and $915-920/ton CFR China.
Market forecast: The current fundamentals of the styrene market are weak and difficult to change, with expectations of increasing port inventory. The principle side is consolidating and operating, and without significant changes in the macro level, it is expected that the styrene market will operate weakly in the short term.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market has slightly risen and fluctuated upwards since mid July. On July 18th, the average market price of hydrogen peroxide was 696 yuan/ton, and on July 23rd, the average market price of hydrogen peroxide was 700 yuan/ton, with a price increase of 0.96%.
Lido supports slight increase in hydrogen peroxide market
Since mid July, there has been an increase in terminal demand in the printing and papermaking industries. Some manufacturers of hydrogen peroxide have stopped for maintenance, resulting in a decrease in supply pressure and a combination of positive factors. The hydrogen peroxide market has heated up, and the average price in the domestic market has risen to around 700 yuan/ton, with a price increase of about 10 yuan/ton. Market transactions have improved and the market is rising.
Business Society’s hydrogen peroxide analyst believes that at the end of July, with the support of demand in the terminal printing and papermaking industry, the pressure on hydrogen peroxide supply has declined, and there is still room for upward growth in the future market.

According to the Commodity Market Analysis System of Shengyi Society, since July, the bearish trend has dominated and the domestic adipic acid market has continued to decline. On July 1st, the average market price of adipic acid was 7366 yuan/ton. On July 22nd, the average market price of adipic acid in China was 7066 yuan/ton, a decrease of 4.07%.
Negative factors dominate the steady decline of domestic adipic acid market
At the beginning of July, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a weak market. As of July 11th, the average market price of adipic acid has fallen to around 7133 yuan/ton, with an overall decline of over 3%.
Starting from mid month, the downward trend of adipic acid market slowed down, with prices slightly decreasing. From the 11th to the 22nd, the market price of adipic acid fell to around 7000 yuan/ton, a decrease of nearly 1%.
An analyst from Shengyi Society believes that at the end of July, the rigid demand in the terminal industry was poor, and the boosting effect of the raw material market was limited. Therefore, the adipic acid market will continue to operate weakly in the future.

According to the Commodity Market Analysis System of Shengyi Society, as of July 21, 2025, the reference price of n-butanol in Shandong Province, China is 6083 yuan/ton. Compared with July 15 (reference price of n-butanol is 6116 yuan/ton), the price has decreased by 33 yuan/ton, a decrease of 0.27%.
From the commodity market analysis system of Shengyi Society, it can be seen that recently, the overall market situation of n-butanol in Shandong Province in China has shown a slight downward trend with fluctuations. In early July, the center of gravity of the n-butanol market continued to decline. Entering the late stage, the downward trend of n-butanol gradually came to an end, and some factories in Shandong adjusted the price of n-butanol within a narrow range, with an adjustment of about 50 yuan/ton. As of July 21st, the reference price for n-butanol market in Shandong region is around 6050-6100 yuan/ton.
Fundamental information
On the supply side: Currently, there is little change in the production of n-butanol supply, and the spot supply of n-butanol is relatively sufficient. Some factories are under pressure to supply, and they are actively shipping. The focus of market negotiations is on the low-end.
In terms of demand: Currently, downstream demand for n-butanol is relatively cautious, with demand mainly focused on stocking up at low prices and purchasing for essential needs, and demand transmission is average.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the market is relatively light, with a strong wait-and-see sentiment and mainly low-priced inquiries and transactions. The n-butanol data analyst from Shengyi Society predicts that in the short term, the domestic n-butanol market will mainly operate weakly and consolidate, and specific changes in supply and demand information need to be closely monitored.