According to the Commodity Market Analysis System of Shengyi Society, after the May Day holiday, negative factors suppressed the domestic adipic acid market, causing a continuous decline of over 4%. On May 1st, the average market price of adipic acid was 7416 yuan/ton. On May 13th, the average market price of adipic acid in China was 7083 yuan/ton, a decrease of 4.49%.
Negative pressure on domestic adipic acid market continues to decline
After the May Day holiday, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell, and the demand for end plastics industry was poor. The prices of adipic acid manufacturers continued to decline and hit the bottom. The domestic adipic acid market has average transactions and a weak market trend. As of May 13th, the average market price of adipic acid has fallen to 7100-7400 yuan/ton, with an overall decrease of 200-300 yuan/ton.
An analyst from Shengyi Society believes that in late May, the demand in the terminal industry was sluggish, and the raw material market weakened. The market for adipic acid is expected to continue to decline weakly in the future.

According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market fluctuated downward this week. From May 1 to May 12, 2025, the price of mixed xylene decreased from 5610 yuan/ton to 5570 yuan/ton, a decrease of 0.71%. This week, the mixed xylene market in Shandong region mainly declined, and the market shipment situation during the May Day holiday did not meet market expectations. Refineries voluntarily lowered prices and shipped, driving some downstream purchases into the market. Market transactions began to improve in the later part of the week, and overall market prices declined. The East and South China regions have been fluctuating and weakening, with port inventories rising during holidays and market demand being more rigid. Overall trading is average, and the market is running weakly.
On the cost side: During the May Day holiday, international oil prices fell significantly, mainly due to OPEC+increasing production beyond expectations, which was negative for international oil prices and led to a sharp decline in the crude oil market. After May Day, with the increasing oil restrictions imposed by the United States on a certain country, as well as the impact of the Israel Palestine conflict and the intention of negotiations between China and the United States, the trend of international oil prices has risen. Overall, in early May, international oil prices remained mainly fluctuating at a low level. As of May 9th, the main contract settlement price of WTI crude oil futures in the United States was $61.02 per barrel, and the main contract settlement price of Brent crude oil futures was $63.91 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 May 12th, East China Company quoted 5550 yuan/ton, North China Company quoted 5350-5450 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5600 yuan/ton.
Demand side:
On May 12th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 6600 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. As of May 9th, the closing prices of the para xylene market in Asia were $760-762/ton FOB Korea and $784-786/ton CFR China.
Market forecast: The trend of crude oil will mainly fluctuate within a certain range in the near future, with significant overall fluctuations. In terms of supply and demand, there will be some purchasing demand in the downstream oil market and chemical industry, which will provide some support for prices. The recent port arrival situation in terms of supply is good, and inventory is expected to increase slightly. Overall, the mixed xylene market is mainly affected by fluctuations in crude oil prices in the short term, with an overall range oscillation trend.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the week was 12033 yuan/ton, and the price of activated carbon at the end of the week was 12166/ton, with a price increase of 1.11%.
Most domestic manufacturers of activated carbon have stable quotes this week, with some increasing. The ex factory price of activated carbon for coconut shell water purification in East China is between 8800-13000 yuan/ton, and the market transaction atmosphere is active. We will focus on the market transaction situation.
The shipment of coconut shell charcoal for applications such as gold extraction, water purification, and filter cartridges has accelerated, especially for gold charcoal, with an increase in inquiries from the African market; The shipment of fruit shell charcoal is accelerating. There is a recent rebound trend in imported carbide materials, so pay more attention to the transaction situation.
Prediction: The activated carbon market is experiencing accelerated sales, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of May 7, 2025, the reference price of n-butanol in Shandong Province, China is 6133 yuan/ton. Compared with April 30 (reference price of n-butanol is 6266 yuan/ton), the price has decreased by 133 yuan/ton, a decrease of 2.13%.
Returning from Labor Day in May, the n-butanol market in Shandong, China, experienced a cold and downward trend. After the holiday, n-butanol factories and suppliers in Shandong region have successively lowered the shipment price of n-butanol by 100-200 yuan/ton. The overall negotiation focus of the n-butanol market has declined. As of May 7th, the reference price of n-butanol in the domestic Shandong region is around 6150-6200 yuan/ton.
Analysis of Market Factors
On the supply side: During the pre holiday period, the supply of n-butanol was loose. During the holiday period, the pressure on the supply side of n-butanol increased. In order to maintain low inventory, n-butanol factories were under pressure to lower market prices, and the overall supply side provided insufficient support for n-butanol.
On the demand side: Before and after the Labor Day holiday, the downstream demand side of n-butanol performed poorly, and downstream users were cautious in stocking up before the holiday, providing limited support to the market. During the holiday period, downstream demand continued to be weak, and the demand side provided loose support to the market.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the market is light, and there is a strong wait-and-see sentiment in the market. Downstream demand is cautious. The n-butanol data analyst from Shengyi Society predicts that in the short term, the n-butanol market in Shandong Province will mainly be weak and stable, and specific changes in supply and demand information need to be closely monitored.

1、 Price trend
According to monitoring data from Business Society, the caustic soda market was weak in April. At the beginning of the month, the average price of caustic soda in Shandong region was 887 yuan/ton. At the end of the month, the price of caustic soda in Shandong region was 807 yuan/yuan, a decrease of 9.02% and an increase of 2.15% compared to the same period last year. On April 29th, the Business Social Chemical Index was 789 points, a decrease of 1 point from yesterday, a decrease of 43.64% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 31.94% 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 survey data from Business Society, the overall price of caustic soda is weak. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 870-980 yuan/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region is running weakly, with a mainstream market price of around 770-850 yuan/ton for 32% ion exchange membrane alkali. In early April, the overall price of caustic soda fell, and the main caustic soda inventory accumulated. With the main regional liquid caustic soda procurement prices once again lowered. The main regional liquid alkali market has experienced a decline, and non aluminum demand is high, so it is necessary to wait and see. The market demand is average. In the middle of the month, the price of caustic soda stopped falling and rebounded, and downstream replenishment was carried out in stages, resulting in an upward trend in caustic soda prices. At the end of the month, caustic soda operated weakly, with sufficient supply from caustic soda enterprises and average downstream demand, resulting in a weak operating trend in caustic soda prices.
Business analysts believe that in the near future, the price of caustic soda has been weak in the operating market, and the downstream demand in China has been average, with no positive support. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.