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 12766 yuan/ton, and at the end of the month it was 12633/ton, a decrease of 1.04% in price.

Domestic manufacturers’ quotations for activated carbon have fallen this month, with the ex factory price of coconut shell water purification activated carbon (iodine value 1000) ranging from 11000 to 13500 yuan/ton. The demand for coconut shell activated carbon in traditional fields such as water treatment and air purification continues to grow, and high prices limit the enthusiasm for transactions, resulting in lower than expected transactions in the activated carbon market.
With the implementation of production expansion plans in major producing countries such as Indonesia and the Philippines, as well as the popularization of alternative raw material technologies, prices may fall. Currently, raw material supply is tight, and the main production areas in Southeast Asia are affected by natural disasters and planting structure adjustments, resulting in a decrease in coconut production, a shortage of carbonization materials, an increase in processing enterprises in production areas, and intensified competition, leading to a rise in raw material prices.
Prediction: High prices of coconut shell activated carbon in China limit transactions, and it is expected that the price of activated carbon will mainly fluctuate in the short term.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first rose and then fell in October, with a slight upward adjustment according to the consolidation. On October 1st, the average price of isopropanol in China was 5633.33 yuan/ton, and on October 29th, the average price was 5675 yuan/ton, an increase of 0.74% compared to the beginning of the month.
The market price of isopropanol first rose and then fell in October. Affected by the parking of the main factories in Shandong in the first ten days, the intention of holders to lower their prices is not high, and there is a clear reluctance to sell, resulting in an increase in market prices. The price of acetone decreased in the middle of the month, with poor cost support and unstable confidence in the isopropanol market. The market price remained relatively stagnant, with minor fluctuations being the main trend. In the latter half of the month, the trading atmosphere on the exchange was light, and the downstream purchasing atmosphere was weak. Intermediaries followed the market trend and the market fell narrowly. As of now, most of the isopropanol market prices in Shandong are around 5550-5650 yuan/ton; The majority of isopropanol market prices in Jiangsu region are around 5600 yuan/ton.
In terms of raw material acetone, the domestic acetone market fluctuated and fell in October. On October 1st, the average price of acetone was 4410 yuan/ton, and on October 29th, the average price was 4180 yuan/ton, with a price reduction of 5.22%. At present, the atmosphere of wait-and-see in the market has intensified, and the mentality of holders of goods is under pressure, resulting in fluctuating and declining offers.
In terms of raw material propylene, the domestic propylene market fell in October. On October 1st, the market average was 6543.25 yuan/ton, and on October 29th, the average price was 6113.25 yuan/ton, with a price reduction of 6.57%. At present, it is expected that the supply and inventory in the market will increase, and downstream purchases will be made at a lower price according to demand. It is expected that the market will mainly experience fluctuations and consolidation.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the isopropanol market price first rose and then fell in October, with a slight upward adjustment based on consolidation. At present, the trading atmosphere in the isopropanol market is calm and stable, and both buyers and sellers are watching closely. It is expected that isopropanol will operate steadily in the short term with limited fluctuation range, so pay more attention to the trend of the raw material market.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market has rebounded significantly since October 1st. On October 1st, the average market price of hydrogen peroxide was 753 yuan/ton, and on October 28th, the average market price of hydrogen peroxide was 930 yuan/ton, with a price increase of 23.45%.

Lido supports strong rise in hydrogen peroxide market
During the National Day holiday, domestic hydrogen peroxide manufacturers conducted centralized maintenance, resulting in tight supply. The demand for terminal caprolactam and papermaking industries increased, and the hydrogen peroxide market continued to rise, with a rise of more than half a month and an increase of nearly 20%. The average price of hydrogen peroxide in the market has risen to around 900 yuan/ton. After mid October, the hydrogen peroxide market rose and gradually stabilized, continuing to operate at a high level with minimal market fluctuations.
At the end of the month, after a significant increase in the hydrogen peroxide market, the market continued to operate at a high level, with the average market price rising to 930 yuan/ton, an increase of over 23% compared to the beginning of the month.
The hydrogen peroxide analyst from Shengyi Society believes that in November, the demand for terminal printing and papermaking industry will decline, and the supply of hydrogen peroxide will increase, which will continue to weaken the market in the future.

According to the Commodity Market Analysis System of Shengyi Society, from October 20th to 24th (as of 15:00), the domestic methanol market in East China port quotations fell from 2290 yuan/ton to around 2238 yuan/ton, with a price drop of 2.27% during the period, a month on month drop of 1.02%, and a year-on-year drop of 8.28%. The domestic methanol market is fluctuating and declining, with relatively weak downstream buying sentiment, suppressing the weak operation of market prices.

As of the close on October 24th, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract for methanol futures, 2601, opened at 2294 yuan/ton, with a highest price of 2299 yuan/ton and a lowest price of 2266 yuan/ton. It closed at 2272 yuan/ton in the closing session, a decrease of 4% or 0.18% from the previous trading day’s settlement. The trading volume is 603000, the position is 1080950, and the daily increase is 14570.
On the cost side, as winter storage approaches, the release of some downstream demand for coal provides strong support for coal prices, resulting in strong cost support. The cost of methanol is influenced by favorable factors.
On the demand side, the news of olefin external procurement is being rendered, and traditional downstream low-priced supplementary procurement is following up, resulting in a slight shift in market price focus. Most downstream products are affected by methanol prices, and the demand for methanol is biased towards negative factors.
On the supply side, the overall loss of equipment is greater than the recovery, resulting in a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external markets, as of the close on October 23, CFR Southeast Asia methanol market closed at $324.5-325.5 per ton. The FOB US Gulf methanol market closed at 89.5-90.5 cents/gallon, down 1 cent/gallon; The European FOB Rotterdam methanol market closed at 268.5-269.5 euros/ton, down 3 euros/ton.
In the future market forecast, methanol supply is sufficient, traders have a clear intention to ship, traditional downstream demand is decreasing, and business analysts predict that the domestic methanol spot market will be weak.

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 12666 yuan/ton, and the price of activated carbon at the end of the week was 12666/ton, which is stable.

Domestic coconut shell activated carbon manufacturers’ prices remained stable this week, with the ex factory price of coconut shell water purification activated carbon in East China ranging from 9500-13000 yuan/ton. Coconut shell activated carbon has a strong demand in water treatment, air purification, sodium ion batteries and other fields, and the demand for coconut shell carbonization materials has increased, supporting prices. However, the high price of coconut shell activated carbon limits downstream transaction enthusiasm, and the market is sluggish, with prices fluctuating at a high level.
The price fluctuations of wooden and bamboo activated carbon are relatively small, while physical method wooden and bamboo carbon are supported by costs, and factory quotations are mainly stable. The main coconut producing countries in Southeast Asia are affected by natural disasters, policy adjustments, and other factors, resulting in a shortage of raw material supply. Although some countries have plans to expand production, the tight supply situation is difficult to change in the short term, and prices will still remain high. ‌‌
Prediction: Domestic coconut shell activated carbon transactions are limited, and it is expected that the price of activated carbon will mainly fluctuate at a high level in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of October 22, the average market price of acetic acid was 2600 yuan/ton, a decrease of 40 yuan/ton or 1.52% compared to the price of 2640 yuan/ton on October 11. In the middle of the month, the domestic acetic acid market showed a weak downward trend. Although some equipment on the supply side underwent maintenance, the utilization rate of acetic acid production capacity decreased slightly. However, downstream demand was average, and the main focus was on purchasing essential goods upon entering the market. The market trading atmosphere was poor, and inventory accumulation among enterprises led to a bearish attitude among industry players. In order to maintain the pace of shipments, acetic acid prices continued to decline.

The raw material methanol market has been fluctuating this week. As of the 22nd, the average price in the domestic market was 2236 yuan/ton, a decrease of 0.27% compared to the price of 2242 yuan/ton on October 11th. The average price of methanol in the port market has strengthened, with a focus on actively reducing inventory. The downstream procurement atmosphere is not high, coupled with the accumulation of inventory by mainland enterprises, the suppression of the spot market continues, and the overall performance of the methanol market is weak.
The downstream acetic anhydride market is operating weakly, with the average ex factory price of acetic anhydride dropping from 4212.50 yuan/ton to 4177.50 yuan/ton from October 11th to 22nd, a decrease of 0.83%. The upstream acetic acid market is weak and declining, and the atmosphere in the acetic anhydride market is bearish. The downstream purchasing enthusiasm is not high, and follow-up is mainly based on demand. The market trading atmosphere is weak, and the price of acetic anhydride is consolidating downward during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate is high, downstream demand follow-up is limited, enterprise inventory is rising, market trading atmosphere is weak, and on-site demand is poor. It is expected that the acetic acid market will be weak and consolidated in the later stage, and the market supply situation will be closely monitored in the future.

Price trend: (10.1-10.17) fluctuates in a “V” shape

Due to factors such as slow logistics recovery after the holiday and lower than expected downstream demand recovery, market transactions have been sluggish. In order to reduce inventory, production enterprises generally offer discounts on shipments, resulting in a 1.73% drop in the price of dichloromethane in Shandong region. With the release of the news of enterprise parking maintenance, the expectation of tightening supply in the field quickly increased, and prices rose by 2.64%. As prices rise, downstream resistance to high priced raw materials becomes apparent, procurement enthusiasm slows down, and the trading atmosphere fades. In the game pattern of “tight supply” and “insufficient demand follow-up”, dichloromethane is currently stable with a slight decline. According to the monitoring of the Commodity Market Analysis System of Shengyi Society, as of October 17th, the average price of dichloromethane water in Shandong Province was 1735 yuan/ton, a decrease of 0.43% during the period and a year-on-year drop of 39.12%.
Supply side: Device maintenance becomes a turning point in the market
The operating rate of methane chloride plants in the industry has been lowered. It is reported that the 240000 ton methane chloride plant at Shandong Jinling Dawang Factory will be completely shut down for maintenance from October 12th, and is expected to last for about 10 days. The expected tightening of on-site supply supports market sentiment, and the dichloromethane market is recovering.
Cost side: Raw material support has been strengthened, but high inventory pressure still exists
Raw material methanol: Due to issues such as port to ship restrictions, the price of methanol has risen by 3.87% during the cycle. As of October 17th, the benchmark price of methanol in Shengyi Society was 2324 yuan/ton, which has strengthened the cost support for dichloromethane. However, the methanol market still faces significant supply and inventory pressures, with limited room for price increases. Traders tend to adopt a wait-and-see attitude, resulting in limited support for downstream transmission.
Raw material liquid chlorine: The stable receipt of liquid chlorine in the Shandong region has led to a slight increase in prices, providing mild cost support for dichloromethane.
On the demand side: rigid procurement is the main focus, with limited acceptance of high prices
Downstream industries (such as refrigerants, pharmaceuticals, solvents, etc.) are currently mainly based on on-demand procurement, and there is no strong demand for centralized stocking. When the price of dichloromethane rises rapidly, downstream enterprises face increased cost pressure, and their procurement behavior immediately becomes cautious, resulting in high priced transactions being blocked, thereby suppressing further price increases. Insufficient demand follow-up is the main factor restricting the current market height.
Market outlook: The moderate increase in raw material costs, coupled with the continued tight supply situation in the market before the resumption of maintenance equipment production, has formed favorable support. Downstream demand has not shown substantial improvement, and the acceptance of high priced sources is limited, which will strictly limit the room for price increases. If demand continues to be sluggish, prices will once again face downward pressure once supply is restored. Pay attention to the resumption of production of enterprises.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, this week (10.13-17), the PVC spot market mainly adjusted within the range, and the price did not change much compared to last week. The market price slightly rebounded after a decline during the week. As of Friday, the average price of SG-5 PVC carbide method in China was 4536 yuan/ton, with a slight increase of 0.02% 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. Due to the lack of significant improvement in fundamentals, crude oil prices continued to decline throughout the week, and the futures market maintained a range bound volatile trend. After a decline from the beginning of the week to the middle of the week, PVC prices slightly rebounded towards the weekend and basically returned to the beginning of the week level. The overall oscillation range continues to narrow. 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 electric aggregate in China is mostly around 4580-4700 yuan/ton.
In terms of upstream calcium carbide, as we enter October, the price of calcium carbide continues to decline. This week, the calcium carbide market still shows weakness, and prices continue to decline. According to the Commodity Analysis System of Shengyi Society, the decline this week was 0.39%. The weak prices of upstream raw materials have brought certain negative effects to PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that on a macro level, crude oil and futures continue to suppress, and the PVC spot market is lukewarm, mainly due to insufficient downstream operating rates, average demand, and difficulty in changing the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.

Product Name: Pure Benzene
Latest price: On October 16th, the average market price was 5478.67 yuan/ton
Analysis: The market price of pure benzene fell today. The continuous decline in crude oil prices has led to a lack of confidence in the pure benzene market. Sinopec’s refineries in East and South China have lowered the price of pure benzene by 100 yuan to 5650 yuan/ton, which will be implemented on October 14th. Shandong’s local refining enterprises continue to lower their quotations, with active shipments from cargo holders being the main focus. Overall, the downstream demand for purchasing gas is somewhat average. It is expected that pure benzene will fluctuate steadily in the short term, and actual transactions are subject to negotiation.

The price of plasticizer DOP fluctuated and fell in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the DOP price was 7367.50 yuan/ton, a fluctuating decrease of 2.92% compared to the DOP price of 7589.17 yuan/ton on September 1st. In September, DOP prices fluctuated and fell, leading to a consolidation of operating loads for DOP enterprises, a slight decrease in operating rates, and a slight reduction in DOP supply; The raw material isooctanol fluctuated and fell, while the price of phthalic anhydride remained weak and stabilized. The cost of DOP decreased, and the downward pressure on DOP increased; The quality of Jinjiu is insufficient, and downstream demand is difficult to improve. The intention of DOP procurement inquiries is mediocre, and DOP demand transactions are weak. Cost reduction and weak supply and demand resulted in a fluctuating decline in plasticizer prices in September.
The price of raw material isooctanol fluctuated and fell in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the price of isooctanol was 6666.67 yuan/ton, a fluctuating decrease of 7.62% compared to the price of 7216.67 yuan/ton on September 1st. In September, the isooctanol enterprise plant remained stable at a high level, and the operating rate of isooctanol equipment remained stable at 96%. The production capacity of isooctanol increased, and the supply of isooctanol increased; In September, the price of isooctanol fluctuated and fell, the cost of plasticizers decreased, and the downward pressure on DOP increased.
In September, the price of raw material phthalic anhydride remained weak and stabilized
According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the price of phthalic anhydride was 6293.33 yuan/ton, a slight decrease of 0.11% from the price of 6300 yuan/ton on September 1st. In September, the price of phthalic anhydride rose, and the price of industrial naphthalene fluctuated and stabilized. The cost support of phthalic anhydride still exists. The load of phthalic anhydride equipment slowly increased in September, and the operating rate of phthalic anhydride enterprises slightly increased. The supply of phthalic anhydride increased, and the cost of plasticizers decreased. The downward pressure on the price of plasticizer DOP increased in September.
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, while the price of phthalic anhydride has remained weak and consolidated. The downward pressure on the cost of plasticizer DOP has weakened; On the supply side, the operating rate of plasticizer enterprises has slightly decreased, the production of plasticizers has decreased, and the supply of plasticizers has decreased; In terms of demand, the quality of Jinjiu is insufficient, the overall economy is sluggish, and downstream demand is weak due to factors such as anti competition and elimination of outdated production capacity. In the future, with weak supply and demand and weakened cost support, it is expected that the price of plasticizer DOP will fluctuate and fall.