Price Trends

In July, the Chinese urea market first rose then fell, with the reference average price decreasing from 1,829 CNY/ton to 1,812 CNY/ton, a price decrease of 0.90%. At the beginning of the month, the market was boosted by Indian tender prices, but it weakened in the middle and late part of the month due to high inventory and poor futures performance. It is expected that the short-term urea market prices will be weak and consolidating.

• Urea market
• Price trend
• Supply and demand situation
• Future market forecast

Recently, the price of 85% industrial formic acid in China rose to 3,100 CNY per ton, a 29.17% increase from the previous period. The supply side tightened due to manufacturers controlling output, while the demand side increased due to higher exports, driving up prices. The methanol market has shown signs of recovery, with upstream companies holding firm on their prices and shipping out products. It is expected that the price of formic acid will continue to rise.

• Formic acid price
• tight supply
• increasing demand
• methanol market

Recently, the Chinese maleic anhydride market has been consolidating at a low level As of August 3rd, the average price of maleic anhydride produced by the n-butane oxidation method was 586250 CNY/ton, a decrease of 021% from July 28th In terms of supply, Yantai Wanhua's three production lines are operating at 70% capacity, and Hubei Zhongneng's facility is experiencing malfunctions with plans to resume operations in mid-August

• Maleic anhydride market
• trading at low levels
• unsaturated resins
• n-butane oxidation method

In July, the Chinese MTBE market was in a low consolidation phase, with prices falling from 5,112 CNY/ton to 5,050 CNY/ton, a decrease of 1.22%. Affected by crude oil trends and supply and demand, the MTBE market operated weakly. At the end of the month, international MTBE prices increased, and it is expected that the market will remain firm with cost support.

• MTBE market
• crude oil prices
• chemical product trends
• demand-side analysis

In July 2025, the average market price of coke in Shanxi region reached 1,341 CNY/ton, an increase of 11% compared to the previous month. The current supply is stable and demand is good, and it is expected that the coke price will continue to be strong in the short term. Attention should be paid to the impact of macro policies, coking coal prices, and steel mill profits on the future market.

• Coke prices
• Market demand
• Supply situation
• Future market forecast

In July, the price of ethylene glycol first rose and then fell, showing an inverted "V" trend. In the early period, driven by the rise in commodity prices, coupled with expectations of favorable supply and low port inventory, the price of ethylene glycol significantly increased. By the end of the month, it slightly declined.

• Ethylene glycol prices
• Market analysis
• Supply impact
• Low inventory

Recently, the melamine market in China has been under pressure due to weak demand and oversupply As of August 5th, the price has dropped to 5,81250 CNY per ton The reduction in operating loads in downstream industries and the sluggish real estate sector have further weakened demand Although urea prices have stabilized, they have not stimulated market demand In the short term, the market still faces the pressure of oversupply, and it is expected that prices will continue to remain low

• Melamine market
• weak demand
• oversupply
• declining prices

July epoxy resins market in China maintained a steady and slight increase during the low demand season, mainly supported by the rigid demand from the wind power industry. The supply side, due to the commissioning of new facilities and some maintenance, operated at an average load of 60%. It is expected that the supply will decrease in August, but there will still be ample spot supply, with prices slightly increasing to 13,400-14,500 CNY/ton.

• Epoxy resin market
• slow demand season
• increased supply
• slight upward expectation

This week, the market price of acetic acid in China increased, with the average price reaching 2400 CNY/ton, a 2.13% increase. The market supply is sufficient, but demand is moderate, and performance varies across different regions. The price fluctuation of upstream methanol is not significant, and the downstream acetic anhydride market is stable. It is expected that the acetic acid market in China will undergo a weak consolidation in the short term.

• Acetic acid market
• Price trend
• Supply and demand relationship
• Market forecast

In July, the Chinese methanol market showed a weak and volatile trend, with the average price in the East China port falling to 2,393 CNY/ton, a month-on-month decrease of 1468% At the beginning of the month, prices quickly dropped due to the weakening macro influence and the end of delivery In the middle and late part of the month, prices strengthened due to macro policy support and low inventory levels

• Methanol market
• price fluctuations
• weak demand
• cost support strengthening

July 28 to 31, the methanol market price in East China ports first rose and then fell to 2,380 CNY/ton, decreasing by 059% during the period Increased procurement by olefin plants in Northwest China and partial plant maintenance supported the market The main futures contract for methanol on the Zhengzhou Commodity Exchange closed at 2,393 CNY/ton, with a price decrease of 079%

• Methanol market
• price fluctuation
• positive demand side
• negative supply side

Recent domestic refinery petroleum coke prices have continued to rise to 241500 CNY/ton, with a price increase of 309% The rise in crude oil prices has driven the petroleum coke market Downstream enterprises' demand remains stable but purchases are cautious, and the procurement price of prebaked anodes has slightly decreased Port inventory is sufficient, and calcined coke prices have risen slightly

• Petroleum coke from local refineries
• crude oil prices
• market trends
• calcined coke

This week, the price of ethylene glycol showed some softening, with the average price of China's oil-based ethylene glycol falling by 0.60% to 4,436.67 CNY/ton. The spot transaction range for imported ethylene glycol was 4,480-4,490 CNY/ton. The spot price for coal-based polyester-grade ethylene glycol was 3,950-4,100 CNY/ton. In July, the port inventory was relatively low, with the total inventory in the main ports of East China decreasing by 85,500 tons to 456,500 tons.

• Ethylene glycol price
• inventory change
• market dynamics
• import and export prices

This week, the price of 180CST fuel oil in East China slightly increased, with an average price reaching 5312.50 CNY/ton, a price increase of 0.71%. Driven by the rise in international oil prices, cost support in China's marine fuel market has strengthened, but demand from the shipping market remains cautious. It is expected that the market will mainly remain stable recently, with 180CST quotations maintained between 5100-5500 CNY/ton.

• fuel oil 180CST
• market price increase
• international crude oil market
• China's marine fuel market

July ethylene glycol prices first rose and then fell, showing an inverted "V" trend. In August, negative factors include the restart of Saudi facilities, expectations of increased supply, and the off-peak demand season; positive factors are low inventory levels in the short term and anti-domestic competition sentiment. It is expected that ethylene glycol prices in August will weaken and fluctuate.

• Ethylene glycol prices
• market analysis
• supply and demand relationship
• August forecast

In July, the Chinese phenol market price range fluctuated, with the end-of-month price at 6,667 CNY/ton. Mid-month, a decrease in port inventory in Jiangyin boosted market confidence, but downstream demand was limited. It is expected that supply will increase to 500,000 tons in August, and the market price may fluctuate between 6,500 and 6,750 CNY/ton.

• Phenol market
• fluctuating range
• plant maintenance
• changes in supply

In July, China's acetone market generally declined but saw a slight rebound at the end of the month. Prices in East China fell from 5,000 CNY/ton to 4,850 CNY/ton, a decrease of 3%. Supply was ample in mid-month but approached low levels; by late month, maintenance activities reduced inventory to 20,000 tons, prompting traders to tentatively raise their quotes. At the end of the month, mainstream market prices nationwide generally fell.

• Acetone market
• price fluctuation
• supply changes
• inventory impact

July 28 to August 1, China's MTBE prices rose slightly to 5,037 CNY/ton, with a price increase of 0.25%. The market trend was narrowly adjusted, supported by the rise in crude oil prices, but terminal demand was weak.

• MTBE market
• crude oil prices
• gasoline demand
• changes in supply-side conditions

In July, the domestic TDI market continued to rise due to plant anomalies and concentrated maintenance, with a price increase of over 30%.

• TDI price increase
• plant maintenance
• supply crisis
• export market growth

China agrochemical industry weekly

• Emamectin
• Benzoate
• Tyclopyrazoflor
• Glyphosate