Price Trends

As of July 6, the melamine market in China has continued to be weak, with prices fluctuating downward. The quoted price on July 7 was 6037.50 CNY/ton, a decrease of 0.21% from the beginning of the month. Urea prices have also weakened, with insufficient cost support. The market is in a state of low-level stalemate, and it is difficult to see any improvement in the short term. It is expected that prices will continue to operate slightly weakly within a narrow range.

• Melamine market conditions: prices are falling
• urea costs are declining
• the market is weak.

On July 7, the international crude oil market rose by 3% due to factors including the US tightening sanctions on Iran, the shipping safety crisis in the Strait of Hormuz, and the continued decline in US crude oil inventories Geopolitical risks and low inventory levels are jointly driving a rebound in oil prices

• Geopolitical conflicts
• crude oil inventories
• rising oil prices
• Strait of Hormuz

The US Department of Defense has launched a five-year procurement plan for lithium carbonate, with a maximum purchase volume of 16,167 tons and a total value of up to $300 million This marks the first time that lithium carbonate has been included in the defense reserve

• Lithium carbonate strategic reserves
• global energy transition
• geopolitical competition over lithium resources
• security of the new energy industrial chain

Phthalic anhydride prices have significantly declined, with the quote on July 6 at 7,733.33 CNY/ton, a 10.94% decrease from early June. The cost has decreased due to falling international crude oil and ortho-xylene prices, coupled with weak demand and low operating rates in downstream sectors, leading to a quiet market with few transactions. Although supply is low, there is no inventory pressure, and expectations are for continued weakness and further price declines.

• Phthalic anhydride prices have fallen
• cost support has declined
• demand is weak
• supply remains low.

Recently, the Chinese formic acid market has shifted from a weak equilibrium to a steady upward trend As of July 6, the price of industrial-grade 85% formic acid has risen to 2,300 CNY per ton, an increase of 1386% compared to the end of June After a period of sideways consolidation, the market has seen three consecutive days of increases, with an improved supply and demand situation and a warming up of industry transactions

• Formic acid price
• market demand
• market analysis
• price increase

This week, the acrylonitrile market in China continued to weaken, with increased supply and weak demand Prices in the East China ports and Shandong markets fell by 300-400 CNY/ton and 250 CNY/ton, respectively Although the inventory of major production enterprises is low, insufficient downstream demand has led to a decline in transaction volumes

• Acrylonitrile market
• increased supply
• weak demand
• falling prices

This week, the cyclohexanone market price in Shandong, China, fell from 8,200 CNY/ton to 7,800-8,000 CNY/ton, a decrease of 4.88%. The market supply is ample, but downstream demand is weak. Coupled with weaker cost support, it is expected that the market will remain weak in the short term. Technical analysis shows a risk of downward movement, but the space for decline is limited. Attention should be paid to changes in supply and demand as well as costs.

• Cyclohexanone prices have fallen
• supply pressure is mounting
• demand remains weak
• cost support is weakening.

This week, the styrene market in China showed a weak downward trend. From June 29 to July 3, the average price fell from 7,310 CNY/ton to 7,260 CNY/ton, with a price decrease of 0.68% during the period, and a decline of 8.16% compared to the same period last year.

• Styrene Market
• Price Decline
• Chemical Product Analysis
• Market Dynamics Monitoring

As of July 3, 2026, the price of n-butanol in Shandong, China, has fallen to 5966 CNY/ton, a decrease of 6.77% from June 26. The market is experiencing weak demand, with downstream industries operating below capacity and being cautious in their purchases; supply is ample, and inventory pressure is high. It is expected that in the short term, the market price of n-butanol will make narrow adjustments, with limited downward space.

• Butanol prices have fallen
• market demand is weak
• supply is ample
• future market outlook is cautious.

This week, the price of caprolactam-grade ammonium sulfate in China fell by 6.63%, with the market average price dropping from 1256 CNY/ton to 1173 CNY/ton. Supply has decreased, but terminal demand is weak, and downstream purchasing is cautious. It is expected that the ammonium sulfate market will continue to weaken and decline in the short term.

• Ammonium sulfate prices
• market conditions
• supply and demand situation
• future market forecast

On July 3 at 24:00, China's retail prices for refined oil products saw their fourth decrease of the year, with gasoline and diesel prices being reduced by 950 yuan and 915 CNY per ton, respectively International oil prices have significantly declined due to multiple bearish factors, including the resumption of the Middle East shipping lane and a ceasefire between the US and Iran

• Finished oil prices lowered
• crude oil prices declined
• supply and demand are relaxed
• geopolitical factors exert influence.

From June 29 to July 3, the MTBE price fell from 5,237 CNY/ton to 5,100 CNY/ton, a decrease of 2.63%. The weakening of international crude oil prices and weak demand for gasoline led to a downward shift in the MTBE market transaction focus. With high raw material cost pressure and expectations of a decline in the retail price limit for refined oil, it is expected that the MTBE market will remain weak and consolidate.

• MTBE market
• prices decline
• weak demand
• supply contraction

Lithium carbonate (Li₂CO₃) and lithium hydroxide (LiOH) are two core basic lithium salts used in lithium battery cathode materials. They have fundamental differences in physicochemical properties, process compatibility, and application scenarios. These differences determine the lithium battery technology route, performance level, and cost structure, with each having its own advantages depending on the specific application scenario in China.

• Lithium carbonate
• Lithium hydroxide
• Lithium battery industry chain
• Differences in application scenario adaptation

As of July 2, 2026, the price of acrylic acid was reported at 7,41667 CNY/ton, with a cumulative decline of 347% for the month The market has shown a "resistant decline," with technical signals being weak The increase in the price of propylene, the raw material, has not been able to support the price of acrylic acid

• Acrylic acid market
• price decline
• supply and demand competition
• weak technical indicators

This week, the spot price of melamine showed a weak fluctuation, falling to 6,050 CNY/ton on June 30, reaching a new low for the period. The 10-day and 20-day moving averages continued to decline, with supply and demand maintaining a weak balance. The weakening urea prices have led to a decrease in cost support. In the short term, prices may still slightly decline.

• melamine
• prices weaken
• supply and demand are loose
• moving average is bearish

In June, the price of polyethylene in China continued to fall, with the average prices of LLDPE, LDPE, and HDPE decreasing by 1240%, 1449%, and 32% respectively The market showed weak supply and demand, with inventory accumulation, and weak demand from downstream sectors, coupled with weakened cost support, leading to a significant drop in prices

• Polyethylene prices have fallen
• supply and demand are relaxed
• it’s the off-season for demand
• cost support has weakened.

In June, the PP market in China first stabilized and then declined, with the benchmark price for filament at the end of the month falling by 2096% compared to the beginning of the month The cost side was significantly affected by the decline in international crude oil and propylene prices On the supply side, due to maintenance of some plants, the overall load was low

• PP prices are falling
• cost values are collapsing
• supply-demand contradiction
• downward channel

In June, the Chinese ABS market saw a significant decline, with the average price dropping to 8,700 CNY/ton, a decrease of 10.46%. The supply remained stable, but inventory accumulated, and costs decreased due to easing tensions in the Middle East and falling raw material prices. Demand was weak, with little change in the operating rates of downstream enterprises and poor terminal consumption. In the short term, the possibility of a weaker consolidation in the ABS spot price has increased.

• ABS market: Costs are weakening
• demand is sluggish
• prices are falling.

In the second half of June, the dichloromethane market showed a unilateral weak downward trend. Although there was a slight reduction in supply due to maintenance, the overall supply remained loose. Both domestic and international demand were weak, and the support from the cost side weakened as methanol prices fell. It is expected that the market will continue to show a narrow range of fluctuations in the short term, with limited space for local brief rebounds.

• Dichloromethane
• Market Analysis
• Chemical Industry
• Supply-Demand Relationship

In June, the asphalt market in Shandong, China first rose and then fell. In the early part of the month, prices surged due to increased costs and demand. However, in the middle and late parts of the month, the market weakened as a result of falling costs and weak demand. In July, it is expected to continue with a range-bound fluctuation, with the core operating range at 3550-3850 CNY/ton, and supply and demand maintaining a weak balance.

• Shandong asphalt
• market trend
• cost-driven
• demand constrained