According to the Commodity Market Analysis System of Shengyi Society, as of June 25, 2025, the reference price of n-butanol in Shandong Province, China is 6433 yuan/ton. Compared with June 20 (reference price of n-butanol is 6316 yuan/ton), the price has increased by 117 yuan/ton, an increase of 1.85%. Compared with June 1st (reference price of 6400 yuan/ton for n-butanol), the price has increased by 33 yuan/ton, an increase of 0.52%
In early June, the n-butanol market in Shandong region showed a weak downward trend. After the Dragon Boat Festival, some n-butanol units resumed operation, and the overall supply in the yard increased. The downstream digestion raw materials were mainly used, and the demand was weak. The positive effect of n-butanol was not enough, and the market price fell all the way to the lowest point in the month. On June 15, the market price of n-butanol in Shandong Province was 6233 yuan/ton, down 2.60% in the first ten days.
In late June, the n-butanol market fluctuated with ups and downs. At the beginning and end of the year, the n-butanol market experienced a brief upward trend, with downstream stocking up and demand improving, supporting the upward adjustment of the n-butanol market. Subsequently, demand returned to calm, and the support for n-butanol in the market loosened, resulting in a narrow downward adjustment of market focus. As the end of the month approaches, the n-butanol market is operating on an upward trend, with some facilities temporarily shut down. The supply of n-butanol is becoming tight, and downstream purchasing enthusiasm is increasing. The transmission of n-butanol supply and demand is improving, and the focus of market negotiations is raised. As of June 25th, the n-butanol market price in Shandong region is around 6450-6450 yuan/ton.
Market analysis in the future
At present, the trading atmosphere in the n-butanol market is good, the mentality of the industry is good, and the supply and demand transmission is smooth. The n-butanol data analyst of Shengyi Society predicts that in the short term, the n-butanol market in Shandong will mainly operate steadily with a moderate to strong trend, and specific changes in supply and demand news need to be closely monitored.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on June 24th was 1343 yuan/ton, an increase of 26.13% compared to the average price of 1065 yuan/ton on June 17th.
2、 Market analysis
Supply and demand situation
This week, the price of ammonium sulfate in the domestic market has risen significantly, and the operating rate of enterprises has slightly adjusted. Partial maintenance of the caprolactam unit has led to a decrease in the supply of ammonium sulfate in the market. Recently, due to geopolitical events, some countries have suspended production and restricted the production of urea. The global nitrogen fertilizer supply has decreased, and the international urea price has risen significantly, which indirectly benefits the ammonium sulfate market. Due to the continuous rise in ammonium sulfate prices, downstream particle manufacturers are actively purchasing.
market conditions
As of June 24th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1200 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1300-1450 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market has been dominant. At present, the market remains optimistic, with manufacturers and traders mainly pushing prices. But after the continuous rise in ammonium sulfate prices, downstream caution has increased. It is expected that the domestic ammonium sulfate market price will be relatively strong in the short term and will continue to consolidate and operate.

The price of plasticizer DOP has stopped rising and fallen back
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the DOP price was 8267.50 yuan/ton, a decrease of 0.10% from the high of 8284.17 yuan/ton on June 18th; Compared to June 13th, the DOP price of 8250.83 yuan/ton first rose and then fell, with an increase of 0.20%. This week, DOP prices fell from a high level, plasticizer companies increased their operating load, plasticizer production increased, raw material isooctanol prices first rose and then fell, phthalic anhydride prices fluctuated and rose, plasticizer costs first rose and then fell, and plasticizer prices fell from a high level.
The price of raw material isooctanol first rose and then fell
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the price of isooctanol was 7483.33 yuan/ton, a decrease of 2.12% from the price of 7566.67 yuan/ton on June 18th; Compared to June 13th, the price of isooctanol at 7390 yuan/ton first rose and then fell, with an increase of 1.26%. This week, the price of isooctanol first rose and then fell. The production of isooctanol enterprises increased this week, resulting in an increase in isooctanol production and supply. The support for the rise of isooctanol weakened, and the price of isooctanol stopped rising and fell back.
Raw material phthalic anhydride prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the price of phthalic anhydride in neighboring countries was 6933.33 yuan/ton, which fluctuated and increased by 0.24% compared to the price of phthalic anhydride on June 13th, which was 6916.67 yuan/ton. This week, the price of ortho benzene remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The equipment operating load of plasticizer enterprises increased slightly, and the demand support for phthalic anhydride increased. Supply has decreased and demand has rebounded, leading to an increase in phthalic anhydride prices. The support of rising DOP raw material costs still exists.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first rose and then fell, the price of phthalic anhydride fluctuated and rose, and the cost support of plasticizer DOP decreased; On the supply side, plasticizer companies have seen an increase in production, resulting in an increase in plasticizer output and supply. In the future, as supply increases and costs fall, it is expected that the price of plasticizer DOP will fluctuate and stabilize.

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 12533 yuan/ton, and the price of activated carbon at the end of the week was 12566/ton, with a price increase of 0.27%.
Most domestic activated carbon manufacturers have stable quotes this week, with some rising. The ex factory price of activated carbon for coconut shell water purification in East China is between 9000-13000 yuan/ton, and the rise in raw material prices supports the price of coconut shell activated carbon. Industry insiders are mostly optimistic about the future market.
Internationally, Southeast Asia, as the main source of coconut shells worldwide, will face multiple natural disasters in 2024. Thailand will experience a reduction in coconut production due to drought and pest infestations, while some production areas in Indonesia will be affected by abnormal rainfall at the end of the rainy season, resulting in a decrease in coconut shell collection efficiency. In the short term, the import price of coconut shell charcoal will continue to operate at a high level.
Prediction: The transaction volume in the activated carbon market is accelerating, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

The epoxy chloropropane market has been operating steadily this week. According to the monitoring and analysis system of Shengyi Society, as of June 17th, the benchmark price of Shengyi Society’s epichlorohydrin was 9200.00 yuan/ton, a decrease of -5.15% compared to the beginning of this month (9700.00 yuan/ton).
Price influencing factors:
On the raw material side: The high and firm prices of glycerol in foreign markets, coupled with weak domestic demand, have led to a decline in glycerol prices. The market price of raw material propylene is fluctuating and consolidating, with some regions experiencing price declines. According to the market analysis system of Shengyi Society, as of June 16th, the benchmark price of propylene in Shengyi Society was 6540.75 yuan/ton, an increase of 0.04% compared to the beginning of this month.
Supply side: Some devices are in long-term shutdown. The overall operating rate of the epichlorohydrin industry is 50-60%.
Downstream demand side: The downstream epoxy resin market demand is generally average, and downstream users tend to be cautious and cautious in procurement. When encountering low-priced purchases, there may be an increase in new orders. Overall, downstream demand is average, and the market has a strong wait-and-see attitude. The overall operating rate of liquid resin is 70-80%, and the overall operating rate of solid resin is 50-60%.
Market forecast: Business Society’s epoxy chloropropane analyst believes that there is insufficient cost support, weak downstream demand, cautious procurement, and mainly bargain hunting. It is expected that the epoxy chloropropane market will maintain a stable to weak trend in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

1、 Price trend
Taking the sulfuric acid method gold red stone type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the domestic titanium dioxide market price has remained stable this week, with an average price of 14220 yuan/ton.
2、 Market analysis
The domestic titanium dioxide market price has remained stable this week. At present, the price of titanium dioxide in the market is relatively chaotic, and coupled with entering the off-season, it is difficult to find favorable support from the demand side. Influenced by the mentality of buying up rather than buying down, downstream factories are more cautious in purchasing goods. The price of upstream titanium concentrate has slightly decreased, while the price of sulfuric acid is high. Due to inventory and cost pressures, on-site enterprises have experienced a further decline in production, and the overall market has a strong wait-and-see atmosphere. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 13500-14600 yuan/ton; Sharp titanium type costs around 12300-12800 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate has slightly decreased this week. At present, downstream demand for titanium dioxide is poor, with light new orders and cautious procurement of raw materials. The main focus is on observing and observing, with mining companies facing significant shipping pressure and overall market prices remaining weak and stable. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1780-1900 yuan/ton; The price of 47,20 ore ranges from 1950 to 2150 yuan/ton; The price of 38 titanium ore excluding tax is around 1180-1250 yuan/ton. It is expected that the titanium ore market price will continue to operate weakly and steadily in the short term.
3、 Future forecast
The titanium dioxide analyst from Shengyi Society believes that the domestic titanium dioxide market price is temporarily stable this week. Downstream market demand is weak, market transactions are light, actual order negotiations are the main focus, and transactions are cautious. It is expected that in the short term, the market situation of titanium dioxide will be mainly wait-and-see, and the actual transaction price will be subject to negotiation.

According to the Commodity Market Analysis System of Shengyi Society, from June 9th to 13th, MTBE prices fell from 5007 yuan/ton to 5252 yuan/ton, with a price increase of 4.89% during the period, a month on month increase of 3.91%, and a year-on-year decrease of 18.25%. The domestic MTBE market is experiencing a volatile upward trend, mainly boosted by the strengthening of international crude oil prices, especially the significant jump in oil prices on the last trading day, injecting strong positive news into the market. From the perspective of supply and demand, as manufacturers continue to operate, the supply of market resources has increased. However, at the same time, the active signing of export orders has effectively eased supply pressure, keeping manufacturers’ inventory at a controllable level and driving market prices to remain firm.
On the cost side, in terms of crude oil: International oil prices have significantly risen, mainly due to positive developments in the new round of economic and trade talks between China and the United States. The decline in US commercial crude oil inventories has exceeded expectations, coupled with uncertainties in US Iran relations, providing support for oil prices. As of June 12th, the settlement price of Brent crude oil futures for the August contract was $69.06 per barrel.
On the demand side, in terms of gasoline terminal demand, the expectation of a new round of retail price limits has been raised, which has a certain positive effect on the gasoline market. 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 12th, the closing price of the Asian MTBE market has increased by $14.2 per ton compared to the previous trading day, with FOB Singapore closing at $700.95-702.95 per ton. The closing price of the European MTBE market increased by $6.25/ton compared to the previous trading day, and FOB ARA closed at $763.74-764.24/ton. The closing price of the MTBE market in the United States decreased by $8.47/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $695.18-695.54/ton (196.29-196.39 cents/gallon).
The future forecast shows that the current raw material prices are high, and cost pressure still exists. Many manufacturers have resumed work one after another, and the supply side is expected to be relatively abundant. There are still many manufacturers waiting to deliver export orders in the near future, which provides some favorable support. The MTBE analyst from Shengyi Society believes that the domestic MTBE market is mainly volatile.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of June 11th, the reference average price of 85% industrial grade thermal phosphoric acid in China was 6760 yuan/ton, which is 0.45% higher than the reference average price of 6730 yuan/ton on June 1st.
2、 Market analysis
Market Aspects
In early June, the domestic phosphoric acid market price first suppressed and then rose. As of June 11th, the ex factory price of 85% thermal phosphoric acid in Hubei region is around 6500-7000 yuan/ton, in Yunnan region it is around 6600 yuan/ton, and in Sichuan region it is around 6300-6800 yuan/ton. The domestic market price for 85% wet process phosphoric acid is around 6600-7300 yuan/ton.
In terms of cost
In terms of raw material yellow phosphorus. In early June, the market price of yellow phosphorus first fell and then rose. At the beginning of the month, the supply of yellow phosphorus in the market was sufficient, and bearish sentiment dominated the market, resulting in a weak decline in yellow phosphorus prices. With the increasing demand for downstream replenishment, yellow phosphorus manufacturers are mainly raising prices, and the transaction price of yellow phosphorus in the market has increased.
3、 Future forecast
Business Society’s phosphate analyst believes that the phosphate market has been consolidating and operating recently. The price of raw material yellow phosphorus has increased, leading to an increase in cost support. The demand for phosphoric acid market is still weak, and market transactions are limited. It is expected that in the short term, the domestic phosphoric acid market prices will remain on a wait-and-see basis, and prices may rise slightly with the increase of raw materials.

The price of ethylene glycol has slightly fallen
Ethylene glycol prices have loosened this week. According to data from Shengyi Society, as of June 6th, the average price of domestic oil to ethylene glycol was 4498.33 yuan/ton, a decrease of 0.52% from the average price of 4521.67 yuan/ton on June 1st.
In terms of imported ethylene glycol, the focus of the spot contract for ethylene glycol at the port will shift downwards on June 6, 2025, with a trading range of 4375-4440 yuan/ton and a weak stable basis. The basis range for the spot contract next week will be 117-130 yuan/ton. The daily operating range of next week’s spot contract in the morning session is+125 to+130; After the closing, the contract basis quotation for next week will be+118 to+120, the contract basis quotation for June will be+118 to+120, and the contract basis quotation for July will be+100 to+105.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 4000-4120 yuan/ton.
In terms of external ethylene glycol, as of June 2nd, the landed price of ethylene glycol in China is $524/ton, and the landed price of ethylene glycol in Southeast Asia is $530/ton.
The inventory of ports in May has significantly decreased, and there has been a slight rebound this week
From January to mid February, there was a significant accumulation of ethylene glycol inventory in the port, and from March to April, the port inventory fluctuated horizontally. In May 2025, there was a significant destocking of ethylene glycol at the main port in East China, and this week there was a slight increase in ethylene glycol port inventory. As of June 5th, the total inventory of ethylene glycol in the East China main port was 590800 tons, an increase of 30500 tons compared to the total inventory of 560300 tons on June 3rd, and a decrease of 110100 tons compared to the total inventory of 700900 tons on April 28th; Compared to the total inventory of 697800 tons on April 3rd, a decrease of 107000 tons; Compared to the total inventory of 671900 tons on March 31st, it decreased by 81100 tons.
Fundamental Overview
Affected by the news of blocked US ethane exports this week, the ethylene glycol market has risen, but the overall upward sentiment in the market is average. From the perspective of supply and demand, domestic equipment maintenance and restart are carried out in parallel, and the operating rate remains around 60% in the short term. Social inventory is expected to continue its destocking trend. The polyester load is currently around 91%, and the expectation of weak terminal demand remains unchanged, suppressing the upward trend of ethylene glycol prices.
Recent device changes expected: There are plans to restart 1-2 # in Yongcheng, Henan and Zhongsha, Tianjin over the weekend. We will pay attention to the progress of the restart of a major device in Northeast China in mid June.
Future expectations
After the recent cancellation and outflow of warehouse receipts, the circulating spot goods in the market have eased the shortage of spot goods. Recently, the market mainly focuses on the weak expectations of downstream demand and the reality of low inventory. We will pay attention to the production and sales of polyester and the progress of restarting the ethylene glycol plant in the future. It is expected that there is a high probability of short-term sideways fluctuations.

According to the Commodity Market Analysis System of Shengyi Society, from June 2nd to 6th, the average price of BDO in China increased from 8107 yuan/ton to 8185 yuan/ton, with a price increase of 0.97% during the period, a month on month increase of 2.96%, and a year-on-year decrease of 9.41%. The pre maintenance equipment has not been restarted yet, and some devices have reduced load, changed agents or unexpectedly stopped, resulting in tight market supply; And the online auction was sold at a premium, and the holding manufacturers actively supported the market by offering their products. Downstream demand has increased, but bargaining sentiment still exists under cost pressure, and the market’s center of gravity has limited growth.
On the supply side, the early maintenance equipment has not yet restarted, while the Xinjiang unit has reduced its acetylene maintenance load, Huaheng’s one set of equipment has been replaced, and the Inner Mongolia unit has stopped due to unexpected equipment failures. The market supply of goods has once again decreased, and the industry is in an effective state of destocking. Most suppliers are selling without pressure, and some factories are temporarily not accepting orders due to tight supply. Some have raised their offers actively to support the market. The supply of BDO is affected by favorable factors.
On the cost side, the sudden increase in supply of raw material calcium carbide has become the main factor causing the decline in calcium carbide prices. The domestic methanol market is running weakly. As of 10:00 am on June 6th, the domestic methanol Taicang price was 2315 yuan/ton. The fluctuation of raw materials such as calcium carbide and methanol is influenced by bearish factors on the BDO cost side.
On the demand side, the downstream PBT industry’s capacity utilization rate has significantly increased, while other downstream loads have remained unchanged, resulting in an overall increase in raw material digestion. However, the follow-up of terminal demand is not smooth, and downstream industries, except for THF, GBL, and NMP, are still operating in a stalemate with the rise of raw materials. Most downstream industries remain in a loss making state, resulting in weak acceptance of high raw material prices. The ongoing supply-demand negotiation game has led to limited growth and actual order implementation in the BDO market. The demand side of BDO is affected by bearish factors.
In the future forecast, the supply of goods in the BDO market is still tight, while downstream demand is performing well, and the industry’s destocking situation continues, with prices expected to continue to rise. Business Society BDO analysts predict that the domestic BDO market is fluctuating.