Price Trends

In late September, the PP market in China was at a high level of consolidation, with prices fluctuating. The cost support from the raw material side weakened due to the easing of geopolitical tensions, while supply recovery was slow and inventory levels were low. Although it was the peak season for demand, downstream acceptance of high prices was low. Overall, both supply and demand were weak, and the market may face downward pressure in the future.

• PP market trend
• cost recovery
• weak supply and demand
• geopolitical impact

As of September 24, 2026, the ABS market outlook indicates that the 5-day moving average spread has risen, while the 10-day and 20-day spreads have declined, resulting in a bearish‑biased weak rebound signal. The overall trend remains range‑bound and tilted to the downside, with prices trading at mid-to-high levels on both the 60-day and 3-month cycles, suggesting limited short-term upside potential. In the medium term, the room for upward or downward movement appears relatively balanced.

• ABS Market Trends
• Volatile and Bearish
• Weak Rebound
• Price Analysis

This week, the market price of pure benzene in Shandong region of China increased from 9,684.33 CNY/ton to 9,857.67 CNY/ton, a price increase of 1.79%. Sinopec has raised prices at multiple refineries by 300 yuan to 9,900 CNY/ton. Due to the reduced traffic through the Strait of Hormuz and the rise in international crude oil futures, market confidence has strengthened. It is expected that pure benzene will remain strong and fluctuate in the short term.

• Pure benzene price
• market prices rise
• crude oil futures
• Strait of Hormuz traffic volume

As of September 24, 2026, the hydrogen peroxide trend analysis indicates that the 5-day, 10-day, and 20-day moving averages are all negative, signaling a clear downward trend. The current price is at a one-year cycle low, leaving limited room for further declines.

• hydrogen peroxide
• price decline
• mean difference analysis
• market trend forecast

On September 24, 2026, the caustic soda market in China showed a volatile but bullish trend, with current prices at a low level and limited room for decline. Given the support from the cost side, there is a high probability of a price increase in the future. The short-term trend is volatile but bullish, while the long-term 20-day moving average continues to strengthen. It is recommended to pay attention to real-time data.

• Sodium hydroxide trend
• oscillating with a slight bullish bias
• cost support
• low-range trading

This week, the caustic soda prices showed a generally strong trend, with the market average price at 639 CNY/ton, a year-on-year decrease of 23.38%. In Shandong, Zhejiang, and Inner Mongolia, the prices for 32% ion-membrane alkali were quoted at 580-680 CNY/ton, 830-880 CNY/ton, and 1850-1950 CNY/ton (converted to 100%), respectively. Due to the lack of significant improvement in demand, it is expected that the caustic soda prices will continue to fluctuate in the later period.

• Caustic soda prices
• market conditions
• alumina demand
• inventory management

On September 23, 2026, the hydrofluoric acid market in China was at a high level with a strong consolidation (bullish). The differences across all periods remained flat, with no significant fluctuations in prices. The cost support was solid, and downstream demand was stable, leading to expectations that prices would remain in a high range. Long-term prices were already at historical highs, with limited room for further increases.

• Hydrofluoric acid market analysis
• high-level consolidation
• strong consolidation
• stable cost support

On September 24, 2026, the spot price of maleic anhydride in China was at a one-year high. The average difference signal showed a weak rebound (bearish), with no clear upward trend in the short term. The 5-day, 10-day, and 20-day average differences were -10.00, 12.50, and 550.62, respectively, with the change directions being (+, -, -). Market transactions were mainly driven by rigid demand, and there is a need to be cautious of the risk of a pullback from the high level.

• Maleic Anhydride Trend
• Volatile Market
• Risk of Correction from High Levels
• Spot Analysis

On September 23, 2026, the propylene oxide market in China showed a weak and volatile, slightly rebounding (bearish) pattern. In the short term, the 5-day moving average difference has slightly increased, but the 10-day and 20-day moving average differences have decreased, with indicators not forming a consistent trend. Prices are in the mid-high range, lacking upward momentum, and the overall sentiment is bearish.

• Propylene oxide
• market analysis
• weak rebound
• bearish sentiment

On September 23, 2026, the technical signals for epichlorohydrin in China overall weakened, forming a clear downward trend. The 5-day, 10-day, and 20-day moving averages all declined synchronously. In the short term, the price is in the middle range and still has room to fall, but the long-term downward space is limited. The current signal is clearly bearish.

• epichlorohydrin
• trend analysis
• clear decline
• technical signals

In September, acetic acid prices continued to rise, with increases exceeding 35%, driven primarily by rising costs, tight supply, and strong downstream demand. Higher international oil prices pushed methanol prices to elevated levels, while corporate inventories remained low, leading to a 23.68% increase in export volumes. Looking ahead, prices are expected to trade in a high‑range volatile pattern, with close attention to supply dynamics and downstream conditions.

• Acetic acid prices
• rising costs
• tight supply
• increased exports

On September 24, 2026, the adipic acid price trend is oscillating with a slight bullish bias, and the moving-average divergence pattern (+, −, +) indicates a pullback signal. Prices on the 60-day and 3-month cycles remain at elevated levels, while the 1-year cycle is at a moderately high level, suggesting limited short-term upside potential.

• Adipic acid trend analysis
• volatile with a bullish bias
• high prices
• changes in average differences

In August 2026, China's import volume of acrylic acid and its salts decreased significantly by 70.29%, while the export volume increased by 69.67% to 15,394.316 tons, with net exports expanding to 13,776.15 tons. The average export price decreased by 14.93% month-over-month, showing a "volume for price" characteristic. The main driving factors were the tightening supply in China and the increase in overseas demand.

• Acrylic acid trade
• export‑driven
• price competition
• overseas demand

As of September 23, 2026, the 1,4-butanediol market in China shows a strong consolidation trend with a slight upward bias, but the short-term upside is limited. The 5-day, 10-day, and 20-day moving average differences are inconsistent in direction, but the overall fundamentals are strongly supported, with stable costs and demand, making a decline less likely. Current prices are at a high level.

• BDO trend: fluctuating with a bullish bias
• trading in a high-range
• supported by costs and demand.

The ethanol trend analysis as of September 24, 2026, indicates a short-term volatile, bearish bias, with prices near the upper end of the 60-day cycle and limited upside potential. On the cost side, plant maintenance and a narrowing import gap provide some support, making a sharp downside move unlikely. Currently, the directional changes in the 5-day, 10-day, and 20-day moving averages are inconsistent, consistent with the criteria for identifying a ranging market.

• Ethanol trend analysis: volatile and bearish
• cost support
• pullback from high levels.

This week, the price of ethyl acetate fluctuated narrowly. As of the 24th, the price was 6766.67 CNY/ton, an increase of 0.25% from the 21st. The operating rate on the supply side decreased, and the rise in the price of raw material acetic acid supported the cost. However, the downstream market did not accept the high prices well, leading to weak demand. It is expected that the price of ethyl acetate will remain high in the short term with minor fluctuations.

• Ethyl acetate price
• market supply
• cost support
• demand conditions

In September 2026, the ethylene glycol price experienced a high-level correction The average price of oil-based ethylene glycol in China was 652167 CNY/ton, an increase of 6877% from the beginning of the year Port inventory dropped to a historical low of 99,000 tons, but downstream polyester demand was weak The easing of geopolitical risks and the recovery of supply led to a price correction

• Ethylene glycol prices
• port inventory
• polyester demand
• geopolitical risks

On September 24 at 24:00, China's retail fuel prices were raised again, marking the thirteenth increase of the year During this cycle, the crude oil change rate remained positive, despite the international oil prices first rising and then falling The prices of gasoline and diesel increased by 395 yuan and 385 CNY per ton, respectively, which translates to an increase of 031 yuan per liter for 92-octane gasoline and 033 yuan per liter for 95-octane gasoline and 0# diesel

• Petroleum price adjustments
• crude oil price fluctuations
• geopolitical risks
• gasoline and diesel market conditions

On September 23, 2026, the spot price of petcoke in China was in a strong consolidation phase with a bullish volatile pattern, with prices nearing their one-year high, leaving limited room for further increases. The 5-day, 10-day, and 20-day moving average differences do not completely align in direction, which is consistent with a volatile market standard, and the short-term bias is clearly bullish. Attention should be paid to changes in upstream crude oil costs and downstream demand.

• Petroleum coke trend: bullish with range-bound fluctuations
• consolidating at higher levels
• moving average divergence analysis.

In September 2026, after five rounds of price increases, the coke market remained at a high level Wet quenched coke prices increased by 450 CNY/ton, and dry quenched coke prices increased by 495 CNY/ton Futures prices continued to weaken, falling below the 2000 threshold Inventory decreased to about 8,900,000 tons Before the holiday, the spot market was stable, and the probability of a sixth round of price increases was low

• Coke prices
• market analysis
• inventory changes
• future outlook