The market price of acrylic acid has fluctuated within a small range recently, showing a slight upward trend. This may be due to the intensification of the game between supply and demand, the slowdown of downstream procurement pace, and the contraction of market trading volume. As of April 29th, the benchmark price of acrylic acid in Shengyi Society was 7533.33 yuan/ton, a decrease of -0.44% compared to the beginning of this month (7566.67 yuan/ton).
Supply side: The operating rate of domestic acrylic acid factories remains stable, and some enterprises adjust their loads due to cost pressures, but there is no significant oversupply overall.

Propene trend: As the core raw material of acrylic acid, propylene prices have been fluctuating downward recently. As of April 29th, the benchmark price of propylene in Shengyi Society was 6638.25 yuan/ton, a decrease of -1.59% compared to the beginning of this month (6745.75 yuan/ton).
Demand side: Downstream industries such as coatings, adhesives, and water treatment have weak demand, dragged down by slow macroeconomic recovery and weak demand in some end industries (such as real estate and infrastructure). Enterprises mainly purchase on demand, lacking the motivation to stockpile goods.
The cost of propylene accounts for 60% -70% of the total cost of acrylic acid. The decline in propylene prices directly weakens the cost support of acrylic acid, theoretically opening up downward space for acrylic acid prices. However, currently the acrylic acid market is experiencing a weak balance between supply and demand, and prices have not kept pace with the decline, resulting in a slight recovery in corporate profit margins.
In summary, the current acrylic acid market is in a bi-directional squeezing stage of “cost weakening+flat demand”, with short-term or sustained price fluctuations. It is necessary to closely monitor the trend of raw material propylene and the marginal changes in downstream demand to prevent periodic market fluctuations caused by supply-demand imbalance.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market has weakened since April. On April 1st, the average market price of hydrogen peroxide was 690 yuan/ton. On April 26th, the average market price of hydrogen peroxide was 686 yuan/ton, a decrease of 0.48% in price.

Weak supply and demand, sluggish hydrogen peroxide market in April
Since April, the terminal demand in the printing and papermaking industry has been poor, and some hydrogen peroxide manufacturers have shut down for maintenance, easing the supply pressure to some extent. The price of hydrogen peroxide has continued to adjust weakly, and the average price in the domestic market has fallen to around 680 yuan/ton, with a price drop of about 50 yuan/ton. The hydrogen peroxide market is sluggish, with average market transactions and narrow range fluctuations.
As the end of the month approaches, the pressure on hydrogen peroxide supply is relatively low, and the demand for terminal papermaking and printing industries has improved. The hydrogen peroxide market has risen slightly, with prices increasing by 10-30 yuan/ton. Overall, there was a slight decline in April.
Business Society’s hydrogen peroxide analyst believes that after the May Day holiday, the rigid demand for hydrogen peroxide has improved, and the market is expected to see an increase.

This week, the domestic phenol market experienced a rise followed by a decline. According to data monitored by Business Society, the domestic phenol market price was 6945 yuan/ton on April 18th and 6975 yuan/ton on April 25th, an increase of 0.43%.
During the week, the phenol ketone unit of Tianjin Petrochemical was shut down for maintenance, and the expected supply of goods in the north tightened. The Shandong region was the first to raise prices, and trading reports rose. However, terminal factories were cautious in chasing higher prices and showed obvious resistance to high prices. As the holiday approaches, there is no significant increase in pre holiday stocking, and downstream terminal procurement is slow, with little pressure on supply and shipment. However, the intention to offer discounts is cautious, and the market has weakened, with no significant improvement in trading.
As of the 25th, the shipment of phenol in East China has reached 33000 tons, out of a total of 35000 tons. There are still 3000 tons shown in the picture. During the week, the Tianjin phenol ketone unit of China Saudi Arabia was shut down for maintenance, while the feeding of Sinopec Mitsui was restarted and the load is being increased.
Business Society predicts that next week will be the last week of the May Day holiday, and downstream factories of phenol will have a flat stocking mood and little inventory intention. Considering the average price and low pressure on end of month shipments, as well as limited discounts, overall, the phenol market is narrow and unclear, and attention should be paid to the cost and demand situation.

The domestic acetone market experienced a rise followed by a decline. The national acetone market reported a price of 5950 yuan/ton on April 11th and 5997 yuan/ton on April 18th, an increase of 0.8%. From the perspective of the acetone market in East China alone, there is a fluctuation space of 50 yuan/ton for first rising and then suppressing, and the current offer is at 5900 yuan/ton.

The cargo has arrived and the port inventory has increased at the beginning of the week. As the cargo gradually arrived at the port, the port inventory increased to 27000 tons at the beginning of the week. The operating rate of domestic enterprises for phenol ketone is 70%, and the supply pressure is not significant. The trading volume remains stable, with some tentative high reports. And with the rebound of the pure benzene market, costs have supported acetone.
Downstream demand consolidation is poor, procurement is slow, and there is room for negotiation on actual orders. The acetone market has limited fluctuations during the week, and traders mainly focus on shipping.
The acetone offers in major mainstream markets across the country on April 318 are as follows:
Region/ Quotation on March 31st/ Weekly increase and decrease
East China region/ 5920./ 70
Shandong region/ 6020./ 100
Yanshan region/ 6050./ 100
South China region/ 6050./ 50

It is reported that the inventory at Jiangyin Port on the 14th was 27000 tons, slightly higher than last week. On the 17th, the acetone cargo statistics were 36000 tons, with 18000 tons in transit. The current operating rate of phenol ketone enterprises remains around 70-80%.
It is expected that the acetone market will continue to fluctuate within a certain range next week. The Tianjin Zhongsha plant is scheduled to shut down for maintenance next week. The supply pressure of phenol ketone enterprises is not high, and there is a high possibility of stable and firm offers from traders. In the short term, the terminal demand is still mainly driven by demand. Settlement is approaching next week, and trading is average, with limited market volatility. The market in East China is mainly priced at 5900-6000 yuan/ton.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this week. The average market price at the beginning of the week was 33400 yuan/ton, and the average market price over the weekend was 37500 yuan/ton, with a price increase of 12.28% and a 107.18% increase compared to the same period last year. On April 10th, the Business Society Bromine Index was 129.82, up 3.5 points from yesterday, a decrease of 47.05% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 120.33% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
This week, the price of bromine has been rising, with the price of bromine in Shandong region increasing. The mainstream market price is around 37000-38000 yuan/ton. Bromine inventory is tight, downstream flame retardant manufacturers have stable demand, imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 2491 yuan/ton at the beginning of the week and 2431 yuan/ton over the weekend. The price has decreased by 2.41% and increased by 108.97% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to rise in the near future, while upstream sulfur prices are expected to consolidate. Bromine supply is tight, while downstream demand is stable. However, the supply of imported bromine is slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, domestic lithium carbonate has maintained a weak and volatile market recently. As of April 3, domestic battery grade lithium carbonate was 73900 yuan/ton, down 4.6% from 77460 yuan/ton in the same period last month, down 6.22% from 78800 yuan/ton at the beginning of the year, and down 36.73% from 116800 yuan/ton in the same period last year; Domestic industrial grade lithium carbonate is priced at 72200 yuan/ton, a decrease of 3.35% from the beginning of the month at 74700 yuan/ton, a decrease of 5.5% from the beginning of the month at 76400 yuan/ton, and a decrease of 33.76% from the same period last year at 109000 yuan/ton.

Supply side bearish: Supply side sources increase
The production capacity of domestic salt lakes has been released, and the maintenance of smelters in Jiangxi, Sichuan and other places has been completed, resulting in an increase in market supply.
The price of imported spodumene fluctuates at a high level, increasing cost pressure on manufacturers and showing a clear willingness to raise prices. In January and February 2025, the import quantity of spodumene in China was 1.157 million tons, a year-on-year increase of 42.7%. Among them, 574000 tons were imported from Australia, 250000 tons were imported from South Africa, and 151000 tons were imported from Zimbabwe.
Positive news on the demand side: the energy storage sector is recovering
The power battery end is purchased on demand, and the demand growth is not significant.
The energy storage sector has seen a rebound in orders and an increase in production scheduling.
In April 2025, the lithium battery industry chain showed a strong growth trend. The total output of major enterprises increased by 53% year-on-year, continuing the high growth trend of the first quarter of 2025. The battery production in March has reached 106GWh, an increase of 15% compared to the previous month. In April, driven by the dual policies of trade in of new energy vehicles and energy storage demand, the capacity utilization rate of top enterprises remained high.
The data analyst of Shengyi Society believes that in the short term, the price of lithium carbonate will continue to fluctuate due to cost support and weak demand rebound, and specific changes in market supply and demand still need to be monitored.

In March, the focus of the domestic acetone market mainly fell. The national acetone market has been trading at an average price of 6477 yuan/ton since March 1st, down to 6152 yuan/ton on March 31st, a decrease of 5.02%. From the perspective of the acetone market in East China alone, it rose from 6470 yuan/ton on March 1st to 6120 yuan/ton on March 31st, a decrease of 5.41%.

At the beginning of the month, imported and domestic cargo arrived at Jiangyin Port for replenishment, and the inventory at Jiangyin Port increased to 30000 tons. However, terminal factories did not show much enthusiasm for actively entering the market for replenishment, and most of them focused on digesting contracts. Traders faced significant shipping pressure, and upstream pure benzene fell significantly at the beginning of the month, making it difficult to support from the cost side. Under market pressure, the center of gravity quickly declined.
In the second half of the month, as the market continued to fall to the average price level, traders’ willingness to offer discounts on shipments weakened, and the market was temporarily deadlocked. Stimulated by the temporary shutdown of Sinopec Mitsui Phenol Ketone Plant due to a malfunction on the 19th, the supply side is expected to decrease, and traders are pushing up their offers accordingly. With a market mentality of buying up and not buying down, terminal factories quickly replenish their stocks, market trading improves, and offers rise accordingly. But after entering the next pricing cycle in the latter half of the month, pure benzene fell again, and the market’s wait-and-see atmosphere intensified. The acetone market fell again, and the market eased towards the end of the month, but it was difficult to increase volume in real trading.
In March, China’s acetone production was 280100 tons, an increase of 18200 tons from February 2025 and a month on month increase of 6.95%. In March, 10 sets of phenol ketone units were shut down for maintenance, resulting in a loss of 59400 tons of acetone. In March, China’s acetone production capacity utilization rate was 77.69%. It is expected that the production in April will remain stable at around 280000 tons.
It is expected that the acetone market will mainly fluctuate within a certain range in April, with little fluctuation in demand. The demand for bisphenol A will decline, while isopropanol and MIBK will not change much, resulting in a slightly weak overall demand. In terms of cost, pure benzene is in a weak operating state. In terms of supply, domestic production is basically stable, with a monthly output of 280000 tons. In terms of imports, the phenol ketone plant in Saudi Arabia may undergo maintenance. Except for a decrease in supply from the Middle East, other regions are basically stable. It is expected that the acetone market will mainly fluctuate within a certain range in April.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda at the beginning of the week was 1538.6 yuan/ton, and the average market price of baking soda over the weekend was 1518 yuan/ton, a decrease of 1.34% in price and a decrease of 35.6% compared to the same period last year. On March 27th, the Business Society Baking Soda Index was 101.28, a decrease of 0.27 points from yesterday, a decrease of 57.06% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 14.74% from the lowest point of 88.27 points on December 22, 2020. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is operating steadily, with a factory price of 1400-1550 yuan/ton in Henan region and 1500-1700 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has remained stable this week. The average market price from the beginning of the week to the end of the week is 1480 yuan/ton, a decrease of 24.49% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been consolidating recently, with the upstream raw material soda ash generally operating in the near future. Downstream baking soda is mostly purchased on demand in pharmaceuticals, textiles, food, and other fields, with average demand enthusiasm. It is reported that a new 200000 tons/year baking soda project will start construction in early March at Shandong Haihua. At that time, production capacity will increase, and the form of baking soda will be even more pessimistic. It is expected that baking soda prices will mainly fluctuate in the later stage, depending on downstream market demand.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8038 yuan/ton on March 25th and 8021 yuan/ton on March 28th, a decrease of 0.21% during this period. LDPE (2426H) had an average price of 9716 yuan/ton on March 25th and 9666 yuan/ton on March 28th, a decrease of 0.51% during this period. HDPE (2426H) had an average price of 8407 yuan/ton on March 25th and 8402 yuan/ton on March 28th, a decrease of 0.06% during this period.

Recently, the polyethylene market has been continuously declining and the market is weak. During the period from March 21st to 27th, the polyethylene plant suffered a maintenance loss of approximately 108300 tons, a decrease of 10600 tons compared to the same period last week. The gradual release of new production capacity and the restart of early-stage maintenance equipment have led to a large supply and slow destocking in the market. Downstream demand is weak, and terminal procurement is mainly focused on essential needs, making it difficult to deliver at high prices. The mentality in the market is bearish, with traders mainly offering small discounts for shipments. There is no positive market support, and it is expected that polyethylene will continue to be weak.

This week, the price of plasticizer DOP fluctuated and rose

According to the Commodity Market Analysis System of Shengyi Society, as of March 25th, the DOP price was 8126.25 yuan/ton, which first increased and then decreased by 0.15% compared to the DOP price of 8113.75 yuan/ton on March 14th. The increase in production of plasticizer DOP enterprises has led to an increase in plasticizer output and supply; The price of phthalic anhydride has risen significantly, while the price of isooctanol first rose and then fell. The cost support of plasticizer DOP has increased, and the upward support of plasticizers has increased the downward pressure.

This week, the price of raw material isooctanol first rose and then fell

According to the Commodity Market Analysis System of Shengyi Society, as of March 25th, the price of isooctanol was 7516.67 yuan/ton, an increase of 0.67% compared to the price of 7466.67 yuan/ton on March 14th. There is a significant increase in production capacity of isooctanol, with high equipment start-up rates in isooctanol enterprises and sufficient supply from isooctanol manufacturers; Plasticizer manufacturers are operating at high levels, with increasing demand for isooctanol. The downward pressure on isooctanol has weakened, and the upward support still exists. The cost support for plasticizer DOP still exists.

According to the Commodity Market Analysis System of Shengyi Society, as of March 25th, the price of phthalic anhydride in neighboring countries was 7600 yuan/ton, which fluctuated and increased by 6.85% compared to the price of 7112.50 yuan/ton on March 14th. Multiple phthalic anhydride manufacturers have stopped for maintenance, resulting in a decrease in equipment operating load and low inventory of phthalic anhydride; The price of industrial naphthalene has risen, the maintenance of adjacent benzene units has been advanced, the supply of adjacent benzene has decreased, and the support for the rise of adjacent benzene has increased. The price of adjacent benzene is strong and temporarily stable, and the cost of raw materials is strongly adjusted. The decrease in supply provides cost support, while the increase in phthalic anhydride prices increases support.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first rose and then fell, the price of phthalic anhydride rose sharply, and the cost of plasticizer DOP increased; In terms of demand, downstream production is slowly recovering, and the demand for plasticizers is decreasing; On the supply side, the operating load of DOP enterprises has increased, leading to an increase in DOP supply. In the future, with rising costs and increased supply, coupled with weak demand for plasticizers, it is expected that the price of plasticizer DOP will remain strong and stabilize.