Price Trends

Recent prices of petcoke from local refineries in China have been continuously rising. As of November 3, the price of petcoke in the Shandong market was 2,845.75 CNY/ton, an increase of 1.88% compared to October 27. With the rise in international crude oil prices and active downstream purchasing, port inventories have decreased, and it is expected that the petcoke market will continue to rise in the near future.

• Local refinery petroleum coke sees rising market prices
• international crude oil trends
• downstream procurement

Recently, the 180CST fuel oil market in East China has mainly been consolidating, with an average price of 5400 CNY/ton. Wait-and-see sentiment in China's bunker fuel market has increased, and a slight rise in international crude oil prices has supported the Chinese market. Singapore's fuel oil inventory has risen to 24.781 million barrels. It is expected that the 180CST market price will remain stable in the near future.

• Fuel oil 180 CST
• market consolidation
• international crude oil
• Singapore inventory change

In October, acrylonitrile prices hit a new year-to-date low, primarily due to increased supply and weak demand, which intensified the supply-demand imbalance Although some downstream users have grown more willing to build inventories, supply is still expected to remain high in November and December As a result, the industry is likely to continue facing an oversupply situation, making it difficult for conditions to ease anytime soon

• Acrylonitrile prices decline
• supply exceeds demand
• supply-demand imbalance
• market forecast

In October, the maleic anhydride market in China fluctuated downward, with the average price dropping from 5,450 CNY/ton to 5,325 CNY/ton, a decrease of 2.29%. The increase in supply and weak demand for downstream unsaturated resins led to the price decline. The prices of upstream raw materials, such as pure benzene and n-butane, also fell, and it is expected that the maleic anhydride market will continue to decline in the near future.

• Maleic Anhydride Market Trends
• Market Prices
• Supply Levels
• Unsaturated Resins

In October, the market price of acetic acid in China first stabilized and then fell, with a price decrease of 8.33%. In the first half of the month, prices remained high and stable, but in the second half, prices decreased due to weakened demand and inventory accumulation. The methanol market, which is the raw material, was weak and fluctuating, with an overall price decrease of 3.67%. It is expected that the acetic acid market will continue to be weak and consolidate in the later period.

• Acetic acid market: prices decline
• demand weakens
• inventory pressure

As November begins, the n-butanol market in Shandong continues its downward trend, with prices dropping to 5,216 CNY per ton—down 10.58% from early October. Key factors driving this decline include cautious demand, ample supply, and weakening cost support. In the short term, the market is expected to experience only narrow, sideways adjustments.

• Butanol prices decline
• weak market demand
• ample supply
• weakening cost support

In October, the price of ethyl acetate first increased and then decreased, with the final average price at 5436.67 CNY/ton, a 0.87% increase from the beginning of the month. In the first half of the month, the price rose due to tightened supply, while in the second half, it fell due to the decline in the price of the raw material acetic acid. It is expected that the market will continue to operate weakly in the future.

• Ethyl acetate market conditions
• price fluctuations
• insufficient cost support
• weak market demand

The Chinese epoxy resins market has weakened and is trending downward, driven by diminishing cost support and reduced downstream demand—particularly in the wind power sector, where demand has declined significantly On the supply side, conditions remain relatively loose, with traders adopting a bearish outlook on future prices, prompting manufacturers to lower their new order quotes

• Epoxy resins
• weak market conditions
• declining demand
• weakening cost support

In October, the price of soda ash in China increased slightly, with the average price of light soda ash rising from 1182 CNY/ton to 1186 CNY/ton, a price increase of 0.34%. The market supply was sufficient, but demand was weak, and the destocking of glass was slow, resulting in a consolidation of the overall market trend. It is expected that the price of soda ash will remain weak in November.

• Soda Ash Market
• Price Trends
• Supply-Demand Analysis
• Future Market Outlook

In October, the price of petroleum coke from independent refineries continued to rise, with the monthly increase reaching 1792% Despite volatile downward movements in international crude oil prices, tight supply conditions in China and strong downstream demand have kept the market stable Additionally, purchasing activity from the metallurgical silicon and aluminum industries has provided further support to the petroleum coke market

• Local refinery petroleum coke continues to rise in price
• October market outlook
• supply-and-demand analysis

In October, the PP market in China experienced a decline and consolidation, with prices at a five-year low. Raw material cost support was insufficient, and the supply remained ample, leading to high inventory levels. Although it was traditionally the peak season, demand improvement was limited, and due to multiple negative factors, the spot price lacked support. It is expected that the PP market will continue to adjust in the future.

• PP market
• price trends
• oversupply
• insufficient demand

In October, China's PC market first rose and then fell, with prices at the end of the month returning to the beginning of the month level On the supply side, support increased due to more maintenance, but the cost support for bisphenol A was weak In terms of demand, although it was the traditional peak season, the operating rates of downstream factories were poor, and inventory digestion was slow, resulting in insufficient overall demand support

• PC market trends
• supply-side changes
• BPA price impact
• weak demand

In October, the Chinese ABS market was weak, with the average price dropping to 9,145 CNY/ton, a decrease of 7.16%. The operating rate on the supply side slightly increased to 73%, with high inventory levels remaining firm; the cost of the three main raw materials was low, and the demand from downstream factories was mediocre, with poor export performance. It is expected that the downward pressure on ABS will persist in the short term.

• ABS market
• oversupply
• declining costs
• weak demand

In October, the marine fuel market in East China experienced a fluctuating downward trend, with the average price of 180CST fuel oil falling from 5,475 CNY/ton to 5,400 CNY/ton. International crude oil prices also showed a fluctuating downward trend, and Singapore's fuel oil inventory rose to 24.781 million barrels. It is expected that the Chinese marine fuel market will mainly focus on consolidation in the near future.

• Marine fuel market
• Fuel oil prices
• Crude oil trends
• Shipping demand

This week, polyethylene prices showed a weak and narrow fluctuation, with LLDPE and LDPE decreasing by 049% and 018% respectively, while HDPE prices remained stable Chinese plant maintenance resulted in a loss of approximately 97,400 tons, slightly easing the supply pressure At the end of the month, market transactions weakened, and downstream purchasing was cautious

• Polyethylene
• price fluctuations
• supply pressure
• off-season demand

In October, the spot market for natural rubber in China experienced fluctuations, with an overall slight increase As of October 31, the price of spot rubber was approximately 14,750 CNY per ton, a 057% increase from the beginning of the month The continuous decline in rubber inventory and the rise in raw material prices provided support to the market, but weak demand from downstream sectors weighed on the market

• Natural rubber market
• fluctuating prices
• declining inventory
• supported by raw material prices

In October, the spot market price of PVC in China continued to decline, falling by 1.80% for the entire month, with an average price of 4,570 CNY/ton. Insufficient cost support and supply-demand pressures led to a weak downward trend in prices, but signs of stabilization appeared at the end of the month. It is expected that in the short term, the PVC market in China will still be in the inventory clearance phase, and there may be room for recovery in the future.

• PVC market: prices decline
• supply-demand pressures
• high inventory levels

October styrene-butadiene rubber market showed a weak downward trend, with the East China market price dropping to 11,283 CNY/ton, a decrease of 498% The prices of raw materials butadiene and styrene decreased by 1542% and 517%, respectively, leading to a reduction in costs The facility utilization rate in China remained stable at around 70%, and the demand from the downstream tire industry slightly increased, but the overall support was limited

• Styrene-butadiene rubber
• cost reduction
• market conditions
• raw material prices decline

In October, asphalt prices in Shandong experienced a significant drop, falling from 3,583 CNY/ton to 3,223 CNY/ton—a price decrease of 1005% This decline was driven by volatile crude oil prices and an ample supply, putting pressure on the market On the demand side, projects in Shandong and Northwest China are nearing completion, while the Northeast region has seen price reductions and promotional activities as construction windows narrow

• Asphalt market: prices decline
• supply remains ample
• demand weakens

In October, the market price of pure benzene in Shandong region fell by 11.57%, from 5848.67 CNY/ton at the beginning of the month to 5172 CNY/ton at the end of the month. Sinopec's pure benzene price was reduced to 5450 CNY/ton. At the end of the month, the spot price in East China remained stable, with good shipment conditions in Shandong, boosting market confidence. In the short term, the pure benzene market is expected to remain stable with some fluctuations.

• Pure benzene prices
• market analysis
• crude oil futures
• overseas pure benzene