Price Trends

On November 25, DMF market prices showed narrow fluctuations due to insufficient market demand. Overall, trading activity remained subdued, with no significant price changes observed.

• Market demand
• DMF price
• narrow fluctuation
• market trend

This week, the melamine market in China saw a slight increase, with the benchmark price at 5,450.00 CNY/ton, up 0.23% from the beginning of the month. The main reasons are a 3.11% increase in urea costs and a short-term tightening of supply. Although downstream demand is relatively weak, the recovery in costs and adjustments in supply have driven a small price rebound. Future trends will depend on the recovery of downstream demand and the stability of enterprise operations.

• Melamine Market: Rising Costs
• Tightening Supply
• and Lackluster Demand

The cyclohexane market is experiencing weak demand, with downstream industries such as synthetic fibers and coatings facing insufficient orders. Overall shipments remain sluggish, and there’s little momentum for price increases. Market conditions are expected to stay steady in the near term, with downstream players adopting a cautious approach and maintaining a strong wait-and-see attitude.

• Cyclohexane market
• insufficient demand
• stable prices
• downstream cautious

On November 24, China's retail prices for refined oil products saw their tenth reduction of the year, with gasoline prices decreasing by 70 CNY per ton and diesel prices by 65 CNY per ton. International oil prices edged lower, with the market concerned about oversupply and weakening demand. China's gasoline demand has been hit, while diesel demand has seen a slight increase but remains generally weak. In the short term, the refined oil market is expected to maintain a weak and volatile trend.

• Crude oil market trends
• refined oil price adjustments
• oil prices cut
• changes in market supply and demand

On November 24, 2025, the coke market price remained stable, with an average price of 1,538 CNY per ton. The prices of metallurgical coke in Tangshan and Tianjin Port remained unchanged. The supply side may see a decline in production to 488,000,000 tons due to safety regulations. In the short term, the coke market is expected to maintain its current trend.

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

This week, the price of polyester staple fiber in China fluctuated and fell, with the market average price dropping to 6,297 CNY/ton. The oversupply in the crude oil market put pressure on oil prices, and the PTA market price slightly dropped to 4,622 CNY/ton. Terminal demand was weak, and the downstream yarn purchasing intention was not strong, keeping the price of polyester staple fiber relatively low.

• Polyester staple fiber
• price decline
• weak demand
• cost adjustment

This week, the maleic anhydride market in China saw a slight decline, with the average market price falling by 096% to 516250 CNY/ton In terms of supply, the Wanhua Yantai auction did not result in any transactions, and sales in East China were incomplete, with prices remaining stable; procurement of unsaturated resins by downstream users was limited The upstream n-butane market remained stable, while downstream demand was moderate

• Maleic anhydride market
• prices decline
• supply is stable
• downstream demand is average

This week, the price of propylene oxide in China rose by 9.96% to 8,466.67 CNY per ton. The price of the raw material propylene increased by 0.66%, with strong cost support. Supply became tight due to reduced production at Wanhua and Xinyue, while downstream demand was active. It is expected that the market will remain stable with a slight upward trend in the short term.

• Propylene oxide
• market price
• tight supply
• raw material price support

This week, the market price of epichlorohydrin in China has been weak and stable As of November 21, the benchmark price was 11,200 CNY/ton, a decrease of 588% from the beginning of the month The price of raw material propylene has increased while the price of glycerin has decreased, resulting in limited cost support Downstream epoxy resins have weak demand, and the market transactions are sluggish

• Epichlorohydrin
• market price
• mildly stable operations
• weak demand

This week, the price of petroleum coke from local refineries in China rose slightly The average price in the Shandong market increased to 264075 CNY/ton, a 105% increase Despite the decline in international crude oil prices, the demand for petroleum coke from local refineries remained strong due to active purchasing by downstream buyers and good sales from some refineries, leading to an overall rise in the market

• Local refinery petroleum coke sees rising prices as international crude oil declines
• prompting downstream buyers to step in.

This week, the 180CST fuel oil market in East China first rose and then fell, remaining stable overall. As of November 21, the average price in China was 5412.50 CNY/ton. Under the influence of the decline in international crude oil prices and the weak shipping market, the wait-and-see sentiment in the bunker market increased. It is expected that the market will mainly focus on consolidation in the near future.

• Fuel Oil Market Trends
• International Crude Oil Prices
• Marine Fuel Market
• Singapore Fuel Oil Stocks

On November 22, 2025, the average price of coke stood at 1,538 CNY per ton, marking the implementation of the fourth round of price hikes, with mainstream steel plants increasing their prices by 50–55 CNY per ton Tight supply of coking coal continues to support costs, while total inventory levels saw a slight uptick Meanwhile, national production of metallurgical-grade coking coal is expected to decline to 488 million tons

• Coke market
• rising prices
• tight supply
• high volatility

This week, the polyethylene market in China continued to show weakness, with LLDPE, LDPE, and HDPE prices falling by 0.21%, 0.73%, and 1.00% respectively. Supply pressure increased, and demand was weak. The impact of crude oil price fluctuations was limited, and it is expected that polyethylene will continue to operate weakly in the short term.

• Polyethylene market: prices decline
• demand remains weak
• supply pressures rise

This week, the PVC market in China continued to be weak, with the price range falling by 096%, and the average price of calcium carbide method SG-5 type dropping to 4,416 CNY per ton The supply and demand fundamentals show an oversupply, with insufficient downstream demand and low trading activity Upstream calcium carbide prices are hovering at low levels, providing limited support

• PVC market trend
• prices weaken
• supply and demand imbalance
• market sluggish

This week (November 17-21), the price of polyester bottle chips fluctuated downward, from 5,745 CNY/ton to 5,710 CNY/ton. The cost support weakened, supply was loose, and demand was weak. The export market was also weak. It is expected that in the short term, prices will fluctuate within the range of 5,650-5,800 CNY/ton, following the upstream raw material price adjustment.

• Polyester bottle flake prices decline
• cost-side support weakens
• supply remains ample
• demand is weak.

This week, the asphalt market in Shandong region showed limited fluctuations, with the factory price of #70 heavy traffic asphalt rising slightly to 3030-3040 CNY/ton The national supply has decreased due to several companies halting production or switching to other products, but the resumption of production at Qilu Petrochemical and other refineries in the future will increase supply pressure

• Asphalt Market
• Shandong Region
• Supply Pressure
• Shrinking Demand

This week, the pure benzene market price in Shandong region of China first fell and then rose, with an overall decrease of 1.25%. The price at the beginning of the week was 5317.67 CNY/ton, and by Friday it had dropped to 5251 CNY/ton. The external pure benzene prices increased, but crude oil futures closed lower. It is expected that the market will experience minor fluctuations in the short term, and attention should be paid to the cost, demand, and facility dynamics.

• Pure benzene market prices
• Shandong region
• Crude oil futures
• Overseas pure benzene prices

This week, the caustic soda price remained stable, with the market average price at 824 CNY/ton, a year-on-year decrease of 19.29%. In Shandong, Jiangsu, and Inner Mongolia, the prices for 32% ion-membrane caustic soda were 730-840 CNY/ton, 850-970 CNY/ton, and 2350-2450 CNY/ton (converted to 100%), respectively. It is expected that the caustic soda market in China will maintain a consolidation trend in the later period.

• Caustic soda prices
• market trends
• supply-demand dynamics
• chemical industry index

This week (11.17-11.21), the styrene market price range in China fluctuated, with the average price at the beginning of the week being 6720 CNY/ton, and dropping to 6620 CNY/ton by the end of the week, resulting in an overall price decrease of 1.19%.

• Styrene Market: Price Volatility
• Weekly Price Decline
• Chemical Products

This week, the TDI market in East China remained stable, with an average price of 14,233 CNY/ton, a year-on-year increase of 12.52%. In terms of supply, Wanhua in Fujian is operating at reduced capacity, and Hanwha in Korea is undergoing plant maintenance. The cost of toluene has slightly increased. It is expected that the TDI market will show a stronger trend due to price increases from major factories in northern China.

• TDI market
• stable market prices
• supply fluctuations
• cost-side impacts