According to the commodity analysis system of Shengyi Society, since June, the hydrogen peroxide market has fluctuated narrowly and risen, and the market has rebounded. On June 1st, the average market price of hydrogen peroxide was 696 yuan/ton, and on June 24th, the average market price of hydrogen peroxide was 723 yuan/ton, with a price increase of 3.83%.
Supply tightens, hydrogen peroxide market rises in June
In early June, the terminal demand in the printing and papermaking industry improved, and some manufacturers of hydrogen peroxide stopped for maintenance, resulting in tight supply and price increases. The average price in the domestic market rose to around 700 yuan/ton, with a price increase of around 10-20 yuan/ton.
In mid month, the upward momentum of the hydrogen peroxide market was insufficient, and the market gradually stabilized. The market transactions were still acceptable, and the overall market was consolidating. The average price of hydrogen peroxide market continued to hover around 700 yuan.
At the end of the month, the hydrogen peroxide market saw an upward trend, with prices rising to 720 yuan/ton, nearly 4% higher than the beginning of the month. As of June 24th, the average price of hydrogen peroxide in the market is 723 yuan/ton.
The hydrogen peroxide analyst from Shengyi Society believes that in July, there were many shutdowns of hydrogen peroxide manufacturers, with tight supply and demand support, and the market is expected to continue to recover.

This week, the market price of epoxy propane first rose and then stabilized. According to the monitoring system of Shengyi Society, as of June 20th, the benchmark price of Shengyi Society’s epoxy propane was 7543.33 yuan/ton, an increase of 2.72% compared to the beginning of the month.

Price influencing factors:
Raw material side: The market price of raw material propylene has risen, with strong support from the cost side. According to the market analysis system of Shengyi Society, as of June 20th, the benchmark price of propylene in Shengyi Society was 6613.25 yuan/ton, an increase of 1.15% compared to the beginning of this month (6538.25 yuan/ton).
Supply side: The tight supply of epoxy propane market this week has provided strong support for the rise in epoxy propane prices. As of the 18th, only the 200000 tons/year PO/SM unit of Shenghong Petrochemical has resumed normal operation at 70-80% load, while the remaining Wanhua Phase III, Satellite Petrochemical, and Sinopec Changling units are planned to resume gradually from the weekend to the end of the month. The expected increase in volume during the month is limited, and the initial inventory during start-up is expected to be low.
Demand side: The downstream market for epoxy propane is in urgent need of procurement, with limited new inquiries and cold terminal demand. Therefore, it is mainly a wait-and-see approach. Downstream demand for polyether is not fluctuating significantly, with rigid procurement being the main focus and some incremental procurement. The demand for propylene glycol is generally followed up, but some factories may resume production in the later stage, and there may be an increase in demand. Overall, there is still some support from the demand side for the epoxy propane market, and the market may experience narrow consolidation in the later stage.
Market forecast:
Business Society’s epoxy propane analyst believes that the supply of epoxy propane is tight, with a slight increase in market prices. Downstream market demand is weak during the off-season, and there is passive follow-up. New inquiries are limited, so it is mainly a wait-and-see approach. It is expected that the epoxy propane market will mainly experience narrow consolidation in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

The domestic fluorite price trend has declined this week, with an average price of 3250 yuan/ton as of the weekend, a decrease of 0.76% from the initial price of 3275 yuan/ton and a year-on-year decrease of 14.33%.
Supply side: The mine is operating normally, and the supply of fluorite is normal
The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tense, 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 rectify 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 operation of fluorite enterprises. However, with the rise of temperature, northern enterprises are gradually starting production, and the supply of fluorite enterprises on site has increased. The lack of active procurement has led to sufficient spot goods on site, and some fluorite manufacturers have a strong sentiment of destocking, resulting in a continuous decline in the fluori.

Demand side: Low price of hydrofluoric acid, acceptable refrigerant market
This week, the domestic price of hydrofluoric acid remained low, with mainstream prices ranging from 10900 to 11400 yuan/ton negotiated in various regions of China. Some downstream hydrofluoric acid units are still shut down, 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. They are not active in purchasing raw fluorite, and downstream merchants have a strong wait-and-see attitude. Both buyers and sellers have weak expectations for the future due to poor demand digestion. Recently, some hydrofluoric acid manufacturers have seen prices decline, and the fluorite price market continues to decline due to this news.
The downstream refrigerant market in the terminal industry is still promising, and the terminal policy of the refrigerant industry is being strengthened. Demand is expected to achieve substantial improvement. 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 inventory is transmitting in a positive and orderly manner. Due to high prices, the enthusiasm for stocking up in the terminal industry is low, and upstream products are mainly purchased on demand. The trend of refrigerant market is average, while the fluorite market is sluggish.
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. However, in some areas, the lack of active fluorite procurement has led to an increase in inventory. In addition, downstream resistance to high prices is severe, and hydrofluoric acid enterprises mainly purchase on demand, with no actual increase in demand. In addition, the market price of hydrofluoric acid is low. Overall, the fluorite market price is prone to decline but difficult to rise in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has continued to fluctuate at the bottom recently. As of June 17th, the benchmark price of domestic battery grade lithium carbonate trading society was 60366 yuan/ton, a decrease of 5.23% from the same period last month at 63733 yuan/ton and a decrease of 42.73% from the same period last year at 1054 yuan/ton; The benchmark price for domestic industrial grade lithium carbonate trading is 58566 yuan/ton, a decrease of 6.14% from the same period last month at 62466 yuan/ton and a decrease of 42% from the same period last year at 10100 yuan/ton.
Supply side continues to grow
Domestically, the extraction of lithium from Qinghai Salt Lake has entered the peak production season, coupled with the restart of some lithium salt factories undergoing maintenance. Enterprises such as Salt Lake Corporation and Zangge Mining continue to release new production capacity, and domestic supply pressure continues.
In terms of imports: Overseas shipment data indicates that the import volume of lithium carbonate may decrease in June, but low-cost imported resources still exert pressure on the domestic market.
Demand side power and energy storage growth both slow down
As the penetration rate of new energy vehicles in China reaches a high level, the growth rate begins to decline. In May, the retail sales of new energy vehicles in China increased by 28% year-on-year, a decrease of 17 percentage points from the first quarter. The price war among car companies has led to a low willingness of battery factories to purchase, only maintaining essential purchases.
In terms of energy storage, the US tariff issue has been fluctuating. In May, due to the “rush to install”, the shipment of energy storage batteries increased by 45%. Although the installed capacity is strong, there are still variables in the long run.
The lithium carbonate data analyst from Shengyi Society believes that although the excess amount of lithium carbonate is gradually narrowing, there is still pressure on the supply side, and there is a trend of contraction on the demand side. It is expected that the price of lithium carbonate will still have no rebound momentum and continue to fluctuate on the cost line. Specific market changes still need to be monitored.

On the 13th, the price of ethylene glycol rebounded

Affected by the news of Israel’s attack on Iran, the price of ethylene glycol rose sharply on the 13th. According to data from Shengyi Society, as of June 13th, the average price of domestic oil to ethylene glycol was 4535 yuan/ton, a daily increase of 1.04%, and a decrease of 0.25% compared to the average price of 4521.67 yuan/ton on June 1st.
In terms of imported ethylene glycol, the spot contract price of ethylene glycol at the port will rise on June 13, 2025, with a trading range of 4420-4470 yuan/ton, and a “V” y basis running. It will remain strong in the morning and weakly stable in the afternoon, and the intraday basis range of next week’s spot contract will be+75 to+87. As of the closing, the contract basis quotation for next week will be+75 to+80, the contract basis quotation for June will be+78 to+80, and the contract basis quotation for July will be+70 to+71.
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 12th, the landed price of ethylene glycol in China is 505-512 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 520 US dollars/ton.
In May, there was a significant destocking of port inventory, which is currently fluctuating at a relatively low level
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 currently the inventory of ethylene glycol at the port is relatively low. As of June 12th, the total inventory of ethylene glycol in the East China main port was 563800 tons, a decrease of 12900 tons from the total inventory of 576700 tons on May 29th, and a decrease of 137100 tons from the total inventory of 700900 tons on April 28th; Compared to the total inventory of 671900 tons on March 31st, it decreased by 108100 tons.
Fundamental Overview
Affected by the news of Israel’s attack on Iran on the 13th, international crude oil prices skyrocketed, and the cost support for ethylene glycol strengthened. Coupled with market concerns about the navigation situation in the Strait of Hormuz and the impact of news of blocked US ethane exports, the ethylene glycol market rose upwards.
Supply and demand fundamentals: This week, one line of ethylene glycol enterprises with a production capacity of over 900000 tons per year in Northeast China has restarted operation, while another line is planned to restart. However, the overall supply and demand situation still presents a weak supply-demand pattern, with domestic maintenance and relatively low inventory on the supply side, which supports the price of ethylene glycol. However, it is constrained by downstream polyester production and strong production reduction expectations, which suppresses the price of ethylene glycol.
Future expectations
Affected by strong news coverage, the current market trading logic is shifting towards cost factors. In the short term, the focus is on changes in international crude oil prices. If the environment remains unchanged, the probability of ethylene glycol prices remaining strong increases.

According to the Commodity Market Analysis System of Shengyi Society, from June 9th to 13th, the domestic ethanol price rose to 5461 yuan/ton, with a price increase of 0.25% during the period, a month on month increase of 2.25%, and a year-on-year decrease of 8.72%. In some areas, raw material prices have risen, production enterprises have stopped maintenance and equipment, and the supply side is favorable, resulting in price increases after enterprises release their goods. Downstream Jiangsu and Shandong Chemical’s essential procurement has seen an increase in transaction prices.

In terms of cost, the minimum protection price policy for wheat has been implemented in some regions, and Henan has launched market support purchases to boost market buying and selling sentiment. Corn futures have performed strongly, and spot prices have been raised. The price of raw cassava chips has significantly increased. The cost of ethanol is influenced by bearish factors.
The supply side and ethanol supply side are affected by favorable factors.
On the demand side, from the demand side, the demand for Baijiu has not changed much. The chemical industry just needs to purchase, and the transaction price has risen. The short-term demand for ethanol is influenced by favorable factors.
In the future forecast, the market supply is stable, with no changes in the supply of edible and coal based ethanol. The demand is basically maintained at the basic level of essential needs, and there will be no short-term reduction in downstream production or shutdown of facilities, as well as the commissioning of new facilities. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and rose from June 2 to June 9, 2025. On June 2nd, the benchmark price of toluene was 5470 yuan/ton, and on June 9th, the benchmark price of toluene was 5660 yuan/ton, an increase of 3.47%. This week, the toluene market fluctuated and rose, and the supply in Shandong region was tight this week. Some enterprises stopped work for maintenance, and the market supply was significantly tight. The downstream oil blending industry has a decent enthusiasm for entering the market, but overall demand tends to be rigid. The East and South China regions have been affected by port conditions this week, resulting in tight supply. Supported by favorable supply side conditions, the overall market price has risen.

Cost wise: The crude oil market has fluctuated upward in this cycle. As of June 6th, the settlement price of the July contract for WTI crude oil futures in the United States was $64.58 per barrel. The settlement price of Brent crude oil futures for August contract is $66.47 per barrel.
Supply side:
Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of June 9th, East China Company quoted 5500 yuan/ton, North China Company quoted 5700 yuan/ton, South China Company quoted 5550-5650 yuan/ton, and Central China Company quoted 5750 yuan/ton.
Demand side:
On June 9th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 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. An increase of 150 yuan/ton compared to May 30th. As of June 6th, the closing prices of the para xylene market in Asia were 793-795 US dollars/ton FOB Korea and 818-820 US dollars/ton CFR China.
Market forecast: There is a lack of macro guidance in the near future, and the upward trend in crude oil prices will provide a certain boost to the market. The recent market trend is mainly affected by the supply and demand side. Due to the tight supply of equipment maintenance, the atmosphere of the spot market has been boosted, and refinery quotations have generally increased slightly. It is expected that the toluene market will operate steadily, moderately, and strongly in the short term.

The domestic fluorite price trend has declined this week, with an average price of 3412.5 yuan/ton as of the weekend, a decrease of 2.33% from the early week price of 3493.75 yuan/ton and a year-on-year decrease of 11.22%.

Supply side: Normal operation, normal supply of fluorite
The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tense, and backward mines will continue to be eliminated. In terms of new mines, mineral investigation work is still difficult. In addition, the national department needs to rectify 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 restricted the operation of fluorite enterprises. However, with the rise of temperature, northern enterprises are gradually starting production, and the supply of fluorite enterprises on site has increased. The lack of active procurement has led to sufficient spot goods on site, and some fluorite manufacturers have a strong sentiment of destocking, resulting in a continuous decline in the.
Demand side: The price of hydrofluoric acid has declined, and the refrigerant market is still acceptable
This week, the domestic price of hydrofluoric acid has decreased, and the mainstream price for hydrofluoric acid negotiations in various regions of China is 10900-11400 yuan/ton. Some downstream hydrofluoric acid units are still shut down, 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. They are not actively purchasing raw fluorite, and downstream merchants have a strong wait-and-see attitude. Both buyers and sellers have weak expectations for the future due to poor demand digestion. Recently, some hydrofluoric acid manufacturers have seen prices decline, which has affected the fluorite price market.
The downstream refrigerant market in the terminal industry is still promising, and the terminal policy of the refrigerant industry is being strengthened. Demand is expected to achieve substantial improvement. 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 inventory is transmitting in a positive and orderly manner. Due to high prices, the enthusiasm for stocking up in the terminal industry is low, and upstream products are mainly purchased on demand. The trend of refrigerant market is average, while the fluorite market continues to decline.
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. However, in some areas, the lack of active fluorite procurement has led to an increase in inventory. In addition, downstream resistance to high prices is severe, and hydrofluoric acid enterprises mainly purchase on demand, with no actual increase in demand. In addition, the market price of hydrofluoric acid is low. Overall, the fluorite market price is prone to decline but difficult to rise in the short term.

After the holiday, the phthalic anhydride market fell

According to the Commodity Market Analysis System of Shengyi Society, as of June 3, the price of phthalic anhydride in neighboring countries was 6916.67 yuan/ton, a decrease of 0.48% from the price of phthalic anhydride on June 1, which was 6950 yuan/ton. After the Dragon Boat Festival, the price of o-benzene fell, the cost of phthalic anhydride fell, the operating rate of phthalic anhydride enterprises rose to 70%, the supply of phthalic anhydride was sufficient, the downstream plasticizer market fell, and the demand for phthalic anhydride was weak. Cost reduction and weak demand have led to a decrease in phthalic anhydride prices.
Cost reduction of phthalic anhydride
After the holiday, the price of ortho benzene fell, and Sinopec’s ortho benzene quotation was 6900 yuan/ton, a decrease of 200 yuan/ton. The cost of phthalic anhydride has decreased, and the downward pressure on phthalic anhydride has increased. The price of phthalic anhydride in the East China region ranges from 6700-6900 yuan/ton for neighboring phthalic anhydride, and 6400-6600 yuan/ton for nanophthalic anhydride. The price of phthalic anhydride has decreased.
Demand side: DOP market trend declines
According to the Commodity Market Analysis System of Shengyi Society, as of June 3rd, the DOP price was 8192.50 yuan/ton, a decrease of 0.71% from the June 1st DOP price of 8250.83 yuan/ton. After the holiday, DOP prices fell, plasticizer companies’ operating loads decreased, demand for phthalic anhydride weakened, and phthalic anhydride prices fell.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of raw material ortho benzene has fallen, resulting in a decrease in phthalic anhydride costs; In terms of demand, the plasticizer market has declined, and the demand for phthalic anhydride is weak. Overall, the demand for cost reduction is weak, and the price of phthalic anhydride is fluctuating and falling.

According to the Commodity Market Analysis System of Shengyi Society, the domestic butadiene market will first rise and then fall in May 2025, with an overall upward trend. From May 1st to 28th, the domestic butadiene market price increased from 9066.67 yuan/ton to 9800 yuan/ton, with a price increase of 8.09% during the period.

In the first half of the month, the domestic butadiene market saw a significant increase, boosted by macroeconomic factors such as tariffs, which boosted the atmosphere in the spot market. Due to unplanned maintenance of some equipment and tight port supply this week, the supply of butadiene in the market has become tight. Holders of goods have a strong mentality of raising prices and are reluctant to sell, resulting in a significant increase in auction prices during the week. The butadiene market has rapidly heated up, but as prices continue to rise, downstream market enthusiasm has significantly decreased, and overall market prices have slightly fallen.
In the second half of the month, the overall weakness of the domestic butadiene market and the downstream synthetic rubber futures market dragged down the atmosphere of the spot market. Although there were some equipment maintenance and supply slightly decreased during the week, the pressure on the demand side had a greater impact on the market. The poor trading situation in the spot market ultimately dragged down the overall market price.
Cost wise: In May, international oil prices first fell and then rose, with an overall upward trend. As of the 26th, the US WTI crude oil market was closed, and the settlement price of the main Brent crude oil futures contract was $64.74 per barrel. On the one hand, the Middle East region has once again become tense, and this news is positive for the international oil market, with crude oil prices rising; On the other hand, the United States has increased its oil restrictions on a certain country, and the easing of tariffs between China and the United States has led to an increase in international oil prices.
Supply side: The listed prices of butadiene for various sales companies of Sinopec have overall declined this month, with a price of 9800 yuan/ton as of the 28th. Recently, the comprehensive operating rate of the domestic butadiene industry has not changed much, and the overall supply is relatively stable.
On the demand side: In May, the market for styrene butadiene rubber first rose and then fell, rising and falling. According to the Commodity Market Analysis System of Shengyi Society, as of May 29th, the price of styrene butadiene rubber in the East China market was 11966 yuan/ton, a decrease of 1.31% from 12125 yuan/ton at the beginning of the month and a decrease of 6.99% from the high point of 12866 yuan/ton during the cycle. The prices of raw materials butadiene and styrene first rose and then fell, and the cost support of styrene butadiene rubber weakened from strong to weak. After a significant increase in downstream tire production at the beginning of the month, the overall stability has been maintained, providing strong support for the demand for styrene butadiene rubber; Before the start of production of styrene butadiene rubber, the supply pressure slightly increased in the second half of the month. As of the 29th, the mainstream market price for styrene butadiene rubber in Fushun, Jihua, Yangzi, and Qilu in East China was around 11900-12200 yuan/ton.
Market forecast: Some domestic butadiene units are still under maintenance in the near future, and there is still some support in the supply side. However, downstream terminal procurement demand has always been weak, and with the continuous weakening of the synthetic rubber futures market, downstream entry enthusiasm is significantly low, lacking demand support. Under the atmosphere of supply and demand game, it is expected that the butadiene market will maintain a range oscillation trend in the short term.