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.

According to the price data from Shengyi Society, the price of polyester bottle flakes (PET) first stabilized and then increased this week, rising from 5985 yuan/ton at the beginning of the week to 6035 yuan/ton, with a weekly increase of 0.84%.
On the 18th, crude oil and polyester raw materials rose, driving a slight increase in the price of polyester bottle chips. The cost support for PET was strengthened, and coupled with the tight circulation of local spot goods, the PET market price rose accordingly.
In July, major polyester bottle chip manufacturers implemented production cuts, with multiple companies planning to reduce production by approximately 2.56 million tons. The expectation of reduced production on the supply side has tightened market liquidity, which has a certain supporting effect on prices and is one of the factors driving price increases in the later stage. Although July to September is the peak season for soft drink consumption, downstream beverage factories usually stock up in advance. However, from the actual situation, the demand side performance is relatively flat and has not formed strong support for prices. On the 18th, although the market rose due to rising costs, insufficient demand limited the increase. Downstream wait-and-see is the main trend, and traders and end-users have a low willingness to replenish. Transactions are mainly based on small orders for essential needs, and the acceptance of high priced goods is limited.
Overall, Shengyi Society believes that the narrow adjustment of PET market prices in the short term is mainly influenced by raw material prices. The actual trend still needs to pay attention to changes in external news, device changes, and demand recovery in the future.

According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has shown a continuous upward trend recently. As of July 15th, the benchmark price of domestic battery grade lithium carbonate was 63733 yuan/ton, an increase of 1.81% within 7 days and a month on month increase of 5%; The benchmark price of domestic industrial grade lithium carbonate trading company is 62566 yuan/ton, up 2.68% within 7 days and up 6.05% month on month.
‘Anti involution’ alleviates supply side pressure
The sixth meeting of the Central Financial and Economic Commission proposed the “anti involution” policy to promote the withdrawal of outdated production capacity, and industries such as photovoltaics, steel, and cement have started to reduce production. The lithium battery industry is following policy guidance to accelerate the clearance of production capacity. It is reported that lithium carbonate and lithium hydroxide with a single production capacity of less than 3000 tons/year (excluding the recycling of waste lithium batteries) belong to the category of elimination and should be eliminated within the prescribed time limit.
Market news states that a lithium salt factory in Jiangxi plans to shut down for maintenance for two months (resulting in a decrease of approximately 1000 tons in monthly production).
From the perspective of foreign markets, the Kathleen Valley of Liontown Resources in Australia began to shut down for maintenance in July, affecting at least the monthly concentrate production capacity of 30000 to 35000 tons. The resumption time of maintenance is unknown. In addition, Chile’s exports of lithium carbonate to China in June decreased by 41% year-on-year to 10200 tons, easing the marginal pressure on the supply side.
Energy storage demand remains strong, exceeding off-season expectations
The EU has increased its energy storage subsidy budget and the Australian household storage market has exploded. Driven by both subsidies and market mechanisms, the demand for energy storage batteries is strong, and export demand is driving the production of positive electrode materials.
Domestically speaking, the layout of the independent energy storage market is accelerating, and the National Development and Reform Commission requires nationwide coverage and continuous settlement operation by the end of 2025. Multiple regions are exploring capacity compensation mechanisms to improve the economic efficiency of energy storage projects.
According to data analysts from Shengyi Society, lithium carbonate is expected to rebound in the short term driven by market sentiment. In the long term, the total new production capacity of South American salt lakes (such as Atacama Salt Lake) and African lithium mines (such as Ganfeng Lithium’s Goulamana project) in 2025 is considerable, far exceeding the demand increment. The situation of oversupply is difficult to fundamentally reverse, and the price rebound may be difficult to sustain. Specific market changes still need to be monitored.

This week, the price of plasticizer DOP fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the DOP price was 8084.17 yuan/ton, a fluctuating decrease of 2.12% compared to the DOP price of 8259.17 yuan/ton on July 7th. This week, DOP production has decreased, and the operating rate of the plasticizer DOP industry has dropped to around 40%. Plasticizer production has also decreased, and plasticizer prices have fluctuated and fallen. The price of raw material isooctanol fluctuated and fell, while the price of phthalic anhydride remained weak and consolidated. The cost support for plasticizers weakened, and the supply decreased, resulting in a decrease in costs. As a result, the price of plasticizers fluctuated and fell.
This week, the price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the price of isooctanol was 7550 yuan/ton, a fluctuating decrease of 2.37% compared to the price of 7733.33 yuan/ton on July 7th. This week, the price of isooctanol fluctuated and fell. The isooctanol enterprise equipment resumed this week, the operating rate of isooctanol equipment increased, the production of isooctanol increased, and the supply of isooctanol increased; As supply increases and demand decreases, the price of isooctanol fluctuates and falls.
This week, the price of raw material phthalic anhydride is weak and stabilizing
According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the price of phthalic anhydride in neighboring countries was 6800 yuan/ton, which fluctuated and fell by 0.24% compared to the price of 6816.67 yuan/ton on July 7th. This week, the price of ortho benzene has stabilized, the price of industrial naphthalene has fluctuated and stabilized, and the cost support of phthalic anhydride still exists. The maintenance of phthalic anhydride equipment has increased this week, the operating rate of phthalic anhydride enterprises has decreased, the supply of phthalic anhydride has decreased, and the downstream plasticizer market has fluctuated and fallen. The operating load of plasticizer enterprise equipment has decreased, and the demand support for phthalic anhydride has weakened. Supply has decreased and demand has weakened, resulting in weak consolidation of phthalic anhydride prices this week.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, the price of phthalic anhydride has weakened and stabilized, and the cost support of plasticizer DOP has weakened; On the supply side, plasticizer enterprises have seen a decrease in production, a reduction in plasticizer output, and a decrease in plasticizer supply. Overall, the reduction in supply leads to a decrease in costs, and it is expected that the price of plasticizer DOP will fluctuate and fall in the future.