According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the month was 12883 yuan/ton, and at the end of the month it was 12933/ton, with a price increase of 0.39%.

Domestic activated carbon manufacturers have provided strong quotes this month. The ex factory price of coconut shell water purification activated carbon (iodine value 1000) is between 11500-13500 yuan/ton, the mainstream ex factory price including tax is about 9500 yuan/ton for iodine value 800, and 9800-10200 yuan/ton for iodine value 900. In traditional fields such as water treatment, air purification, and gold extraction, the demand for coconut shell activated carbon is still strong, and downstream enterprises have a strong willingness to purchase high-quality coconut shell activated carbon.
Starting from January 1, 2026, the global shipping policy for coconut shell carbonized materials will undergo a fundamental change: coconut shell carbonized materials must be declared as dangerous goods for transportation, new regulations will cancel exemptions, and Chinese coconut shell activated carbon enterprises will soon face rising costs and compliance challenges. Due to factors such as tight raw material supply, rising costs, and stable demand, the activated carbon market may continue to operate at a high level.
Prediction: Domestic demand for coconut shell activated carbon is expected to rebound, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

The domestic EVA market remained stable in February. According to the Commodity Market Analysis System of Shengyi Society, as of February 27th, the benchmark price of EVA in China was 10150 yuan/ton, unchanged from the beginning of the month. Downstream factories replenish raw materials before the holiday, and demand for EVA has certain support; Domestic EVA equipment is operating at a high level and the supply is loose; The price of raw material vinyl acetate has slightly increased, and the cost support of EVA continues.

The supply pressure in the EVA market in February still exists. During the cycle, the prices of raw materials ethylene and vinyl acetate have slightly increased, and the cost of EVA still has support. As of February 26th, the domestic price of ethylene in Sinopec East China was 5850 yuan/ton, an increase of 1.74% from 5750 yuan/ton at the beginning of the month; As of February 26th, the market price of vinyl acetate in East China was 5950 yuan/ton, an increase of 0.85% from 5900 yuan/ton at the beginning of the month.
Downstream demand support in early February, with slightly weak support after the holiday. Before the holiday, there was a strong demand for small orders in the downstream foam industry, with EVA general materials being the main focus of small transactions; After the holiday, downstream foam production resumed slowly, general material transactions were light, and prices remained stable while consolidating; The downstream photovoltaic industry has been slow to increase production, with small inquiries and orders being the main focus. The photovoltaic material market support is stable, moderate, and strong.
Future forecast: Overall, EVA cost support will continue, but downstream demand in the photovoltaic and foam industries will recover slowly after the holiday. In addition, the EVA supply side will maintain a high level, and the overall EVA fundamentals will be stable but slightly weak. It is expected that the weak consolidation of EVA spot market before the holiday will be the main focus.

1、 Price trend

According to data monitored by Business Society, as of February 26th, the average price of domestic industrial grade high-quality cyclohexane was 6900 yuan/ton. Recently, the market supply and demand have been relatively balanced, and the price fluctuation is relatively small. It is expected to be mainly stable, moderate, and narrow in the short term.
2、 Market analysis
Market wise: Recently, the price trend of pure benzene has been weak, and the cost support is limited, which has exerted certain pressure on the price of cyclohexane. If crude oil prices rebound or pure benzene supply tightens in the future, it may lead to cost push increases.
Upstream pure benzene: Supply is loose, domestic pure benzene supply is sufficient, and port inventory is rapidly accumulating. On December 1st, Jiangsu port inventory reached 224000 tons, an increase of 36.59% compared to the previous month. Currently, downstream demand is weak, and the overall operating rate is declining. Main products such as styrene and caprolactam are losing profits, and the purchasing willingness is weak.
Supply side: Domestic cyclohexane production capacity is concentrated, with large enterprises dominating the market. At present, factories in Shandong, Hebei, Anhui and other places maintain small shipments, and the supply of spot goods is limited.
In terms of demand, downstream applications mainly include solvents, resins, coatings, and synthesis of cyclohexanol and cyclohexanone. The current demand is mainly based on on-demand procurement, with overall weakness, and the export market mainly targets Southeast Asian countries such as South Korea and Vietnam.
3、 Future forecast
The cyclohexane analyst from Shengyi Society believes that in the short term, the cyclohexane market is expected to maintain a stable to weak operation, with prices mainly remaining stable.

According to the Commodity Market Analysis System of Shengyi Society, from February 2nd to 9th (as of 10:00), the domestic methanol market in East China port quotations fell from 2223 yuan/ton to around 2220 yuan/ton, with a price drop of 0.15% during the period, a month on month drop of 2.02%, and a year-on-year drop of 16.52%. The domestic methanol market is weak, with pre holiday companies still mainly relying on inventory and shipment, coupled with a weak macro atmosphere, the market continues to decline. As the destocking gradually comes to an end, market trading tends to be light, and downstream investors are gradually withdrawing from the market to observe.
As of the close on February 9th, the closing price of methanol futures on the Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2605, opened at 2236 yuan/ton, with a highest price of 2255 yuan/ton and a lowest price of 2227 yuan/ton. It closed at 2231 yuan/ton at the end of the trading day, an increase of 1 yuan or 0.04% compared to the settlement of the previous trading day. The trading volume is 849691, the position is 831646, and the daily increase in position is 5357.

On the cost side, as the Spring Festival approaches, coal supply and demand are both weak, and the overall trading activity in the market has decreased, resulting in fluctuating coal prices. The cost impact is mixed.
On the demand side, the profit fluctuations of formaldehyde, glacial acetic acid, and dimethyl ether enterprises are relatively narrow, and the market is gradually coming to an end near the Spring Festival, with limited market fluctuations. Most downstream products are affected by methanol prices, and the demand for methanol is biased towards negative factors.
The overall recovery of the device exceeds the loss, resulting in an increase in production and an increase in capacity utilization. Negative factors affecting the methanol supply side.
In terms of external trading, as of the close of February 6th, CFR Southeast Asia methanol market closed at 322.5-323.5 US dollars per ton. The FOB US Gulf methanol market closed at 106.5-107.5 cents per gallon; The European FOB Rotterdam methanol market closed at 296.5-297.5 euros/ton, down 1 euro/ton.
Future forecast: As the Spring Festival approaches and upstream inventory and downstream stocking come to an end, the overall market atmosphere may further weaken. Business Society’s methanol analyst predicts that the domestic methanol spot market will mainly experience consolidation and volatility.

price trend

In the past week (January 31 to February 6, 2026), the PA66 market has stabilized after a slight appearance, and the trading atmosphere in the market has remained stable. On February 6th, the benchmark price of PA66 by Shengyi Society was reported at 15666.67 yuan/ton, an increase of 0.64% compared to 15566.67 on January 31st. This week, the market for succinic acid has continued to rise, with increased trading volume. PA66 enterprises have increased maintenance, slightly reduced production, weak downstream demand, and mainly focused on essential procurement.
influencing factors
In terms of cost:
This week, the market for succinic acid continues to steadily rise. The average market price rose from 8066 yuan/ton on February 1st to 8333 yuan/ton on February 5th, an increase of about 3.31%.
Supply side:
The overall operating rate of PA66 polymerization plants in China remained stable this week, with relatively sufficient spot supply and moderate inventory levels among traders.
In terms of demand:
This week, downstream textile industry demand remained flat, with rigid procurement still being the main focus. The Spring Festival holiday is approaching, and the pace of production activities for terminal enterprises is slowing down. As we enter the holiday schedule, the willingness to stock up in bulk is not strong, and the market trading atmosphere is lukewarm.
Future forecast
In the future, it is expected that the PA66 market will maintain a stable and strong trend in the short term. The prices of raw materials adipic acid and hexamethylenediamine remain high, providing cost support. During the Spring Festival, some companies may have reduced production arrangements, and supply may be slightly tightened. At the same time, the demand for downstream replenishment during the Spring Festival holiday will also weaken. Pay attention to the pace of resuming work after the Spring Festival and the trend of upstream market conditions.

Price trend (1.17-2.2)

The overall formaldehyde industry in Shandong is operating at a low level under the dual pressure of cost reduction and weak demand, with continuous losses and a lack of clear direction in the market.
According to the monitoring of the commodity market analysis system of Shengyi Society, as of February 2nd, the average price of formaldehyde in Shandong Province was reported at 1023 yuan/ton, a decrease of 0.24% during the period and a year-on-year decrease of 11.07%.
Cost and profit: Poor transmission of costs leads to deep losses in the industry
The main raw material methanol price center has risen. As of February 2nd, the benchmark price of methanol in Shengyi Society was 2265 yuan/ton, an increase of 0.63% during the cycle, but it has not effectively driven the formaldehyde market. The two show a divergent trend of rising raw materials and falling products. Costs are rising, but prices are falling due to weak demand, and profits are continuously squeezed.
Supply and demand situation: synchronous reduction of supply and demand, with demand being the core drag
·On the supply side, the industry’s willingness to start production is insufficient, and the capacity utilization rate has dropped to 33.32%. As the Spring Festival approaches, enterprises will focus on reducing load and discharging inventory, and some facilities are planned to be shut down for maintenance from the end of January to early February. Despite the contraction in supply, the spot supply in the market remains abundant due to weaker demand.
·On the demand side: Weak demand is the core factor that suppresses the market.
According to the monitoring of the rise and fall of the 8 major industry indices by Shengyi Society, the building materials industry is the only sector that has experienced a month on month decline, with the index falling 1.13% at the end of January. Before the traditional Spring Festival holiday, downstream construction sites and home decoration demand entered the off-season, coupled with cold weather affecting construction progress, resulting in a significant decrease in procurement volume. The sustained downturn in the real estate industry has also dragged down the overall demand for building materials. The downstream artificial board industry of formaldehyde is mainly affected by industries such as real estate, and demand continues to shrink, only maintaining rigid procurement. Other downstream products such as formaldehyde mainly rely on digesting self-produced formaldehyde. The downstream stocking willingness is not strong before the Spring Festival, and sellers are actively shipping to control inventory.
Short term outlook
Recently, the formaldehyde market in Shandong has been struggling to operate during the traditional off-season. The industry is passively reducing its load in the face of losses, while the sustained weakness in terminal demand has led to a lack of rebound momentum in the market. In the short term, due to the impact of the Spring Festival holiday, demand will continue to remain at freezing point, and prices are likely to remain weakly volatile. Whether the market can break the deadlock depends on whether the downstream sheet metal industry’s production and stocking situation has improved beyond expectations.

The domestic ABS market fluctuated and rose in January, with significant increases in spot prices for most grades. According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the average price of ABS sample products was 9350 yuan/ton, with a year-on-year increase or decrease of 13.33% in price level.
Fundamental analysis

Supply level: During January, the load of the domestic ABS industry remained stable with small fluctuations, with an overall slight decrease within the range. In mid month, some units of Zhejiang Petrochemical were released for maintenance, and the overall operating level of the industry was reduced by about 3% to 67%, with an average weekly output of 142000 tons. The inventory position of aggregation enterprises has leveled off at around 200000 tons, and the supply on site tends to be tight and balanced. Overall, the supply-demand imbalance in the ABS market has eased in the short term, and the supply side has increased its support for ABS spot prices.
Cost factor: During January, the upstream three materials market of ABS was strong, which had a positive impact on the cost side of ABS. The acrylonitrile market has remained calm in the early stages, with average demand and pressure on local inventory, leading to continuous price reductions from major suppliers. At the end of the month, the overall load of the East China factory decreased, and a set of equipment in Silbang was shut down. The Jieyang equipment in Jihua was temporarily shut down for maintenance, and the supply side began to reduce production. Downstream users have started to stock up on dips, and the acrylonitrile market has bottomed out and rebounded. In the short term, it has recovered from the month’s decline and is expected to rise.
The butadiene market is showing a significant upward trend. At the beginning of the year, the cost side crude oil prices were relatively high, strengthening bottom support. The supply side equipment maintenance, inventory clearance, and external linkage formed multiple benefits. The demand side Shunding rubber started operating at a high level to provide sustained demand, and the supply-demand imbalance drove the market to strengthen. In the short term, the supplier’s mentality of supporting prices will continue, and the load of the end of line butadiene rubber plant is likely to remain high, providing support for the butadiene market. It is expected that the domestic butadiene market will maintain a high volatility pattern.
The styrene market also saw a significant increase. The current resumption of work in the industry falls short of expectations, and supply side support has been strengthened. The increase in maintenance of overseas styrene plants and the increase in inquiries and actual transactions of styrene exports from China have further driven the depletion of port inventory. The situation in the Middle East is boosting crude oil prices, and the raw material pure benzene continues to rise. The fundamental improvement of styrene is significant, and it is expected that the styrene market will consolidate at a high level in the short term.
On the demand side: In January, there was no significant improvement in the consumption of ABS’s main downstream electrical appliance shell industry, and the improvement in the profitability of terminal enterprises was limited. However, at the beginning of the month, spot prices were low, and buyers increased their operations of buying on dips. The demand for ABS has shown a phased increase, and the flow rate of supply has improved. The inventory location of merchants is rapidly decreasing, and companies and merchants are trying to overestimate. At the end of the month, with the rise in spot prices, the resistance of high priced goods sources increased. Overall, the demand side has supported the ABS market from strong to flat.
Future forecast
The domestic ABS market saw a significant increase in January. The production load of the aggregation plant has remained stable with a slight decrease, and the supply on site has returned to balance, while the overall cost side remains strong. Business analysts believe that the macro level ABS supply and demand contradiction pattern is still present, but the strong momentum of buying orders at low prices in the early stage has eased production and sales pressure. However, with the demand moving forward to overdraw inventory before the Lunar New Year, coupled with a relatively large increase within the range, buyers’ acceptance of prices has declined, and it is expected that ABS may experience a consolidation market in the future.

The latest bidding price for the domestic hydrogen fluoride market has landed, with a delivery price of 11900-12100 yuan/ton in the Jiangsu and Zhejiang regions, a slight increase of 0-100 yuan/ton compared to the previous period. According to the analysis system of Shengyi Society, as of January 29th, the benchmark price of hydrofluoric acid in Shengyi Society was 13066.67 yuan/ton, an increase of 0.26% from the beginning of the month.
Raw material side: The prices of raw materials fluorite and sulfuric acid have been running high this week, providing solid cost support for anhydrous hydrofluoric acid on the raw material side. It is expected that hydrofluoric acid will maintain stable, medium, and strong operation before the holiday. According to the analysis system of Shengyi Society, as of January 29th, the benchmark price of Shengyi Society’s fluorite was 3412.50 yuan/ton, an increase of 0.37% compared to the beginning of this month (3400.00 yuan/ton).
Demand side: As the downstream refrigerant industry approaches the end of the year, production quotas have been exhausted, and overall demand is weak, with on-demand procurement being the main focus. Maintain a wait-and-see attitude and have low purchasing enthusiasm. The market price has shown weak upward momentum, and in the short term, the main focus will be on executing contract orders and maintaining weak stability.
Market forecast: The price of raw material fluorite sulfuric acid is running at a high level, with some support. Downstream demand is weak, and rigid demand is the main focus. Demand side support is average. It is expected that the market price of anhydrous hydrogen fluoride will remain stable with a moderate to strong trend in the later stage. More attention should be paid to changes in market supply and demand.

According to the Commodity Market Analysis System of Shengyi Society, as of January 28th, the average market price of acetic acid was 2873.33 yuan/ton, a decrease of 30 yuan/ton or 1.03% compared to the price of 2903.33 yuan/ton on January 21st.

Recently (1.21-1.28), domestic acetic acid prices have been consolidating downward. On the supply side, the utilization rate of acetic acid production capacity has slightly increased, the market supply has increased, and some regions have a strong intention to ship; On the downstream side, entry into the market is mainly based on demand, and the trading atmosphere in the market has fallen slightly. Enterprise inventories have risen, and acetic acid prices have slightly loosened. The acetic acid market has weakened and decreased during the week.
Recently, the price of raw material methanol has fluctuated upwards. As of the 28th, the average price in the domestic market was 2288 yuan/ton, an increase of 3.16% compared to the price of 2218 yuan/ton on January 21st. The expected reduction in import inventory in the port methanol market has a strong price focus, which has boosted spot prices; In some regions of China, the trading of methanol is moderate, and the market supply and demand are relatively balanced. The methanol market is relatively strong and rising, and the impact of cost on acetic acid is limited.
The downstream acetic anhydride market is operating weakly. From January 21st to 28th, the average ex factory price of acetic anhydride was reduced from 4622.50 yuan/ton to 4590.00 yuan/ton, a decrease of 0.70%. The operating rate of acetic anhydride on the supply side has not changed much, upstream acetic acid prices have decreased, cost support has weakened, downstream demand is limited, market favorable factors have decreased, and enterprise mentality is bearish. Acetic anhydride prices have weakly decreased during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the operating rate of domestic acetic acid plants is at a medium to high level, the inventory pressure of enterprises is still acceptable, the recovery of on-site maintenance equipment is slow, the market mentality is supported, the downstream market is declining, and demand is weakened. It is expected that the acetic acid market will fluctuate and consolidate in the later stage, and the market supply situation will be closely monitored in the future.

According to data from the Commodity Analysis System of Shengyi Society, the hydrogen peroxide market weakened and continued to decline in January, with a drop of over 12%. At the beginning of the month, the average price of hydrogen peroxide in the market was 776 yuan/ton. On January 27th, the price of hydrogen peroxide was 676 yuan/ton, a decrease of 12.88%.
Negative pressure on January hydrogen peroxide market continues to decline
After New Year’s Day, the demand for hydrogen peroxide in the terminal printing and papermaking industry was sluggish, and the enthusiasm for purchasing hydrogen peroxide was average. It was purchased on demand and used as needed. The operating rate of hydrogen peroxide manufacturers is relatively high, and the market supply of hydrogen peroxide is sufficient. The supply pressure has doubled, and the hydrogen peroxide market continues to be sluggish, with prices falling to around 680 yuan/ton, a decrease of 100 yuan/ton.
The hydrogen peroxide analyst from Shengyi Society believes that supply pressure is still present, terminal demand is weak, and the hydrogen peroxide market will continue to face upward pressure in the future, mainly due to weak operation.