This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the price of phthalic anhydride in neighboring countries was 5893.33 yuan/ton, a fluctuating decrease of 0.56% compared to the price of phthalic anhydride on November 7th at 5926.67 yuan/ton. Phthalic anhydride continues to decline, with prices fluctuating downwards and neighboring benzene prices fluctuating downwards. Costs have decreased, and the operating rate of phthalic anhydride enterprises has slightly increased, indicating sufficient supply of phthalic anhydride; The operating load of downstream DOP enterprises has slightly increased, and the demand for phthalic anhydride still remains supported. Supported by the demand for cost reduction, the price of phthalic anhydride fluctuated and fell this week.
Cost reduction of phthalic anhydride
On November 14th, Sinopec quoted 5800 yuan/ton for ortho benzene, a decrease of 300 yuan/ton or 4.92% from the 6100 yuan/ton price on November 1st; Compared to November 7th, the price of ortho benzene decreased by 100 yuan/ton, or 1.69%, from 5900 yuan/ton. The price of ortho benzene has fallen, and the cost of phthalic anhydride has decreased. The operating load of phthalic anhydride equipment has slightly increased, and the supply of phthalic anhydride is sufficient. The cost has decreased, and the pressure for phthalic anhydride to decline has increased.
Demand side: DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the DOP price was 6883.34 yuan/ton, a fluctuating decrease of 2.03% compared to the DOP price of 7025.83 yuan/ton on November 7th. This week, the operating load of plasticizer DOP enterprises has slightly increased, DOP production has increased, and the demand for phthalic anhydride still remains supported, reducing the downward pressure on phthalic anhydride.
Market outlook
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the DOP equipment load of plasticizer enterprises has slightly increased, the production of plasticizers has increased, and the demand support for phthalic anhydride still exists; In terms of cost, the price of ortho xylene has decreased, the price of raw materials has decreased, and the cost of phthalic anhydride has decreased. In the future, the demand support for the decrease in cost of phthalic anhydride still exists, and the price of phthalic anhydride fluctuates and falls.

According to the Commodity Market Analysis System of Shengyi Society, the mixed xylene market has risen this week. From November 3 to November 10, 2025, the mixed xylene market will increase from 5330 yuan/ton to 5470 yuan/ton, an increase of 2.63%. During this cycle, the mixed xylene market has fluctuated upwards, with main refineries in Shandong province raising their prices and downstream oil and chemical industries replenishing their inventories as needed. Purchasing enthusiasm is still acceptable. The East and South China markets saw a slight increase, with prices for major refineries in the region generally rising.

Cost wise: According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the settlement price of the December WTI crude oil futures contract in the United States was $59.75 per barrel. The settlement price of Brent crude oil futures for January contract is $63.63 per barrel. During this round of price adjustment cycle, the crude oil price market first rose and then fell. At the beginning of the cycle, China and the United States held trade negotiations, and market risk appetite, coupled with the tense situation in South America, once supported the rise of crude oil prices; However, in the later stage of OPEC+’s new round of production increase, the market is still concerned about the long-term risk of oversupply, and the regional situation has eased. In addition, the weakening of US demand and US tariff issues have dragged down global economic and demand expectations, leading to a decline in international oil prices.
Supply side:
Sinopec’s xylene enterprise is currently operating normally, with stable production and sales. The company’s quotation remains unchanged from the previous day. As of November 10th, East China Company quoted 5300 yuan/ton, North China Company quoted 5100-5250 yuan/ton, South China Company quoted 5400-5450 yuan/ton, and Central China Company quoted 5250-5400 yuan/ton.
Demand side:
On November 10th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 6700 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 November 7th, the closing prices of the para xylene market in Asia were 798-800 US dollars/ton FOB Korea and 823-825 US dollars/ton CFR China.
Market forecast: The mixed xylene market is expected to operate strongly in the near future, with strong willingness from main refineries to raise prices and overall upward pricing. Downstream entry enthusiasm is still acceptable, and there is some purchasing demand in the chemical and blending fields. With the strengthening of the crude oil market, the sentiment in the spot market continues to heat up, and negotiations in the spot market are still acceptable. It is expected that the market will continue to operate steadily, moderately, and strongly in the short term.

The domestic fluorite price trend has slightly declined this week. As of the weekend, the average domestic fluorite price was 3512.5 yuan/ton, a decrease of 0.71% from the beginning of the week price of 3537.5 yuan/ton and a year-on-year decrease of 1.58%.

Supply side: Low level fluorite in stock is normal for mining operations
The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is still tight, and backward mines will continue to be eliminated. In terms of new mines, mineral investigation work is still difficult. In addition, national departments need to reform fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operating rate of fluorite enterprises. The operating rate of some mines in the south is relatively low, and the supply of fluorite enterprises in the field has not changed much. However, there are few inquiries and poor shipment situation. As the temperature in the north drops, the winter shutdown period for mines and beneficiation plants in the northern region is approaching, further tightening market supply and causing a slight decline in the fluorite market.
Demand side: The price of hydrofluoric acid is declining, and the refrigerant market is average
This week, the domestic price of hydrofluoric acid has declined, and the mainstream price for hydrofluoric acid in various regions of China is negotiated at 11700-12200 yuan/ton. The downstream hydrofluoric acid equipment is still in shutdown, and there is little change in the spot supply of hydrofluoric acid. Manufacturers mainly purchase hydrofluoric acid on demand, and the overall production of hydrofluoric acid remains at more than 50%. Fluorine enterprises maintain essential orders, and hydrofluoric acid enterprises are in a loss making state. Recently, hydrofluoric acid merchants have not been actively purchasing, and the fluorite market is in a fierce game between supply and demand, falling into a “price but no market” deadlock, in the absence of strong demand support. The price of fluorite market continues to decline.
The downstream refrigerant market in the terminal is still promising, and the terminal policies of the refrigerant industry are being strengthened. Demand is expected to achieve substantial improvement, and fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. Currently, the pace of high price procurement is relatively slow, but the industry’s inventory is transmitting in a positive and orderly manner, and upstream products are mainly purchased on demand. The trend of refrigerant market has increased, but caution is still held towards upstream procurement, and the price of fluorite market has slightly decreased.
In addition to the traditional demand in the refrigerant industry, fluorite, as an important mineral raw material for modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in national defense, nuclear industry and other fields, including lithium hexafluorophosphate, PVDF、 Graphite negative electrodes, photovoltaic panels, etc., have received certain support in the application of fluorite due to the demand for new energy and semiconductors.
Market forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production and undergone safety inspections. The tight supply of fluorite mines is a positive support for the fluorite market. In addition, the supply of fluorite in the north will become tighter in the later period. However, downstream hydrofluoric acid enterprises mainly purchase on demand, and demand has not actually improved. The fierce game between supply and demand, overall, the fluorite market price trend will slightly decline in the short term.

This week, the domestic epoxy propane market is mainly consolidating and operating. According to the monitoring system of Shengyi Society, as of October 31st, the benchmark price of Shengyi Society’s epoxy propane was 7700 yuan/ton, a decrease of -0.86% compared to October 1st.

Price influencing factors:
Raw material side: The focus of the propylene raw material market is declining, which weakens the support for the epoxy propane market. As of October 31st, the benchmark price of propylene in Shengyi Society was 6095.75 yuan/ton, a decrease of 6.84% compared to the beginning of this month (6543.25 yuan/ton).
Supply side: The Lihua Yi device on the supply side has resumed feeding and restarted, and the spot circulation volume is expected to increase. The market supply is temporarily stable. Recently, epoxy propane has been in the stage of consolidation operation.
On the demand side: Downstream polyether enterprises are holding onto rigid procurement in multiple dimensions, with a strong wait-and-see attitude. The demand side has limited support for the epoxy propane market.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the decline in the propylene market center on the raw material side has weak support for epoxy propane, weak downstream demand, and a strong wait-and-see attitude towards rigid demand procurement. In addition, the restart of the Lihua Yi plant has increased market supply, and it is expected that the epoxy propane market will mainly consolidate and operate in the later stage. More attention should be paid to changes in raw material prices and market supply and demand.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic PVC spot market continued the downward trend of the previous two months in October, with prices continuing to fluctuate downward and the decline generally slowing down. As of October 301, the average price of PVC in China was 4570 yuan/ton, with a monthly price drop of 1.80%.
2、 Market analysis
This month, the PVC spot market maintained a weak trend, and under the influence of supply and demand pressure, prices continued to decline throughout the month. As the end of the month approached, PVC prices stabilized significantly, with a slight rebound, but the increase was very limited.
Overall, the PVC spot market in October tended to be weak. Specifically, on the one hand, there is insufficient cost support due to the decline in upstream crude oil and ethylene, and the negative impact of the drop in carbide prices on carbide materials. The futures market has been repeatedly suppressed by weak fluctuations, while spot prices have followed the market trend and fluctuated downwards. On the other hand, there is obvious pressure on supply and demand, and social inventory remains at a medium to high level. On the supply and demand side, the operating rate of PVC manufacturers remains high, and production continues to increase. The market is still in a stage of oversupply. The market is continuously destocking, and currently there are signals of bottoming out and stabilizing. Downstream procurement is mainly based on spot prices, with low enthusiasm for inquiry based procurement and a sluggish market atmosphere. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of October 31st, the mainstream price range of PVC SG5 electrical aggregate in China is mostly around 4600-4700 yuan/ton.
In terms of upstream calcium carbide, since October, the price of calcium carbide has turned downward, and the decline is significant. According to data monitored by Business Society, the decline in calcium carbide in October was 2.61%. Due to the weak cost and the suppression of supply and demand, the PVC market has not improved.
3、 Future forecast
The PVC analyst from Shengyi Society believes that there will be little change in the supply and demand pattern of PVC in the short term, mainly due to the stable operating rate of manufacturers and the high inventory of enterprises and the market. The market is still in the destocking stage in the future, and considering that prices are gradually stabilizing at the end of the month, there may be room for a rebound in the market in the future.

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.