1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of aniline has further declined this week. On March 10th, the market price of aniline was 8962 yuan/ton, and on March 14th it was 8762 yuan/ton, a decrease of 2.23% during the period and 18.01% compared to the same period last year.

2、 Analysis and Review

This week, the aniline market has been dragged down by costs, resulting in a significant drop in prices. During the week, mainstream manufacturers lowered their prices by 200 yuan/ton, and the mainstream price of aniline dropped to 8700-8850 yuan/ton. The overall shipment of aniline factories was not smooth, inventory accumulated, and there was insufficient confidence in the market. After the price fell, they digested and organized the operation, and the increase in trading volume was limited.

On the cost side: This week, there has been a wide decline, and the operating rate of pure benzene has rebounded. The inventory of pure benzene in ports continues to decrease. Considering the decrease in the amount of pure benzene arriving at ports in mid to early March, the decrease in port inventory may continue. Downstream caprolactam production is at a high level, and the demand for pure benzene is relatively strong. Currently, cost support is still the main factor.

3、 Future expectations

The current price of pure benzene raw material is weak, and the purchasing and sales atmosphere of the aniline market is not good. It is expected that the aniline market will operate weakly in the short term.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this week. The average market price at the beginning of the week was 22600 yuan/ton, and the average market price over the weekend was 23000 yuan/ton, with a price increase of 1.77% and a year-on-year increase of 7.48%. On March 13th, the Business Society Bromine Index was 80.00, an increase of 0.7 points from yesterday, a decrease of 67.37% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 35.78% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

This week, the price of bromine has been rising, with the price of bromine in Shandong region increasing. The mainstream market price is around 22000-23000 yuan/ton. Bromine inventory is tight, downstream flame retardant manufacturers have active demand, imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 2534.33 yuan/ton at the beginning of the week and 2601 yuan/ton at the end of the week. The price has increased by 2.63%, which is 151.71% higher than the same period last year. Downstream demand is still acceptable.

Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are expected to rise. Bromine supply is tight, and downstream demand is good, but imported bromine replenishment is slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated downward from March 3 to March 10, 2025. On March 3rd, the benchmark price of toluene was 6510 yuan/ton, and on March 10th, the benchmark price of toluene was 64000 yuan/ton, a decrease of 1.69%. This week, the trend of crude oil is weak, and the toluene market is dragged down, resulting in a weak overall market atmosphere. On the supply side, some facilities in Shandong will undergo maintenance this week, while port inventory in East China is relatively high, and overall inventory in the South China market is also high. In terms of demand, Shandong region maintains rigid procurement, while trading in the East China market is light and demand in the South China market is weak. Overall, the demand side is weak.

Cost wise: The crude oil price trend has been weak during this period. As of March 7th, the settlement price of the main contract for WTI crude oil futures in the United States was $67.04 per barrel. The settlement price of the main Brent crude oil futures contract is $70.36 per barrel. The downward trend in crude oil prices during this cycle is due to the easing of the geopolitical situation between Russia and Ukraine. The United States is considering easing sanctions on Russia, which has reduced potential supply risks. In addition, oil producing countries plan to increase production slightly from April, which has affected the international crude oil market and led to a decline; On the other hand, the imposition of tariffs by the United States has intensified market concerns and may drag down global economic and demand expectations, leading to a decline in the crude oil market.

Supply side: Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of March 10th, East China Company quoted 6350 yuan/ton, North China Company quoted 6400 yuan/ton, South China Company quoted 6300-6400 yuan/ton, and Central China Company quoted 6450 yuan/ton.

Demand side:

On March 10th, the price of xylene in the petrochemical sales company was temporarily stable, and the current execution price is 7600 yuan/ton. This price is implemented in East China, North China, Central China, and South China. The operation of Yangzi Petrochemical, Zhenhai Petrochemical and other units is stable, and sales are normal. As of March 7th, the closing prices of the para xylene market in Asia were $808-810/ton FOB Korea and $833-835/ton CFR China.

Market forecast: The recent performance of the crude oil market is weak, providing insufficient support for the market. In terms of supply, the Shandong region has recently experienced weak supply, with high inventory in ports in East and South China, resulting in a bearish supply situation. The overall downstream procurement intention on the demand side is biased towards rigid demand, and there is insufficient follow-up on downstream overall demand, resulting in low procurement intention. Overall, the short-term trend of the toluene market remains weak.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this week. The average market price at the beginning of the week was 22200 yuan/ton, and the average market price over the weekend was 22600 yuan/ton, with a price increase of 1.8% and a 3.2% increase compared to the same period last year. On March 6th, the Business Society Bromine Index was 79.30, unchanged from yesterday, a decrease of 67.66% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 34.59% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

This week, the price of bromine has been rising, with the price of bromine in Shandong region increasing. The mainstream market price is around 22000-23000 yuan/ton. Bromine inventory is tight, downstream flame retardant manufacturers have active demand, imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term. In terms of raw materials, domestic sulfur prices have remained firm, with an average market price of 2207.67 yuan/ton at the beginning of the week and 2387.67 yuan/ton at the end of the week. The price has increased by 8.14%, which is 103.09% higher than the same period last year. Downstream demand is still acceptable.

Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are expected to rise. Bromine supply is tight, and downstream demand is good, but imported bromine replenishment is slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.

Recently, the market price of hydrofluoric acid has slightly increased, and the mainstream price of anhydrous hydrogen fluoride in the East China market is currently 11500-11600 yuan/ton. According to the analysis system of Shengyi Society, as of March 6th, the benchmark price of hydrofluoric acid in Shengyi Society was 12016.67 yuan/ton, an increase of 0.70% compared to the beginning of this month (11933.33 yuan/ton).

Supply side: The market situation has remained stable this week, with enterprises actively starting production, and some regions experiencing tight supply of goods.

Raw material side: The price trend of raw material fluorite has risen this week. The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has not changed much. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. Although the rectification action is coming to an end, the affected area has not narrowed. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. The supply of fluorite is tight, and the market situation is rising, which strongly supports the cost of hydrofluoric acid. According to the analysis system of Shengyi Society, as of March 6th, the benchmark price of Shengyi Society’s fluorite was 3731.25 yuan/ton, an increase of 1.95% compared to the beginning of this month (3660.00 yuan/ton).

Recently, the price trend of raw material sulfuric acid in the market has risen, providing favorable support for the hydrofluoric acid market. According to the analysis system of Shengyi Society, as of March 5th, the benchmark price of sulfuric acid in Shengyi Society was 547.50 yuan/ton, an increase of 16.49% compared to the beginning of this month (470.00 yuan/ton).

On the demand side: The downstream refrigerant market is rising, coupled with policy encouragement in the refrigerant industry, demand is expected to achieve substantial improvement. Fluorine chemical enterprises within quota control have strong confidence in raising prices in the refrigerant market. The prices in the foreign trade market have increased, and upstream products are mainly purchased on demand, which supports the hydrofluoric acid market.

Market forecast: The recent rise in raw material prices has driven the hydrofluoric acid market to a stronger trend. It is expected that the hydrofluoric acid market will continue to operate steadily and strongly in the future, and more attention should be paid to the news of leading enterprises and market supply and demand.

The price of ethylene glycol first rose and then fell in February

In February 2025, the price of ethylene glycol first rose and then fell. According to data from Shengyi Society, as of February 28th, the average price of domestic oil to ethylene glycol was 4681.67 yuan/ton, a decrease of 0.64% from the average price of 4711.67 yuan/ton on February 1st.

On the morning of February 28, 2024, the basis of the spot contract for ethylene glycol at the port showed a weak downward trend. In the morning session, the basis price for next week’s contract will be+38 to+40, and in the afternoon, the price will rise to+36 to+38; After the closing, the contract basis quotation for March will be+55 to+58, and for April, the contract basis quotation will be+72 to+76.

In terms of external ethylene glycol, as of February 27th, the landed price of ethylene glycol in China is 541 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 557 US dollars/ton.

The accumulated inventory at the port in February is significant

On February 27, 2025, the total inventory of ethylene glycol in the main port of East China was 711900 tons, a decrease of 13700 tons from the total inventory of 725600 tons on February 20; The total inventory on January 27th was 511200 tons, an increase of 214400 tons.

Ethylene glycol prices are expected to stop falling and rebound in March

At present, the market sentiment is relatively cautious, mainly due to the fact that the current port has started accumulating relatively high inventory from a low inventory state. The market’s expectations of reduced supply and demand recovery have been weakened by actual data.

From late February, the trend of continuous accumulation of port inventory has been interrupted. Since February, multiple sets of ethylene glycol units in the United States have been undergoing centralized maintenance, and the ethylene glycol unit of Petronas Malaysia has been postponed to restart in April May. There is an expectation of a reduction in overseas ethylene glycol supply, and the number of imported ethylene glycol shipments may decrease in March. Based on the delivery cycle, there may be relatively more imported cargo arriving at domestic ports in early and late March, but the overall quantity may be lower than the same period in the past.

In terms of domestic supply, the maintenance of the domestic ethylene glycol plant in March will gradually be implemented, and the restart time of the Zhenhai Refining and Chemical ethylene glycol plant will be further postponed, resulting in weak ethylene glycol supply in March.

Overall, the ethylene glycol market is expected to gradually improve by March 2025, and the improvement in supply and demand will provide some support for prices.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 21800 yuan/ton, a decrease of 2.68% compared to the same period last year. On February 27th, the Business Society Bromine Index was 76.49, unchanged from yesterday, a decrease of 68.80% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 29.82% from the lowest point of 58.92 points on October 29th, 2014. (Note: Cycle refers to September 1, 2011)

2、 Market analysis

This week, the price of bromine is running steadily, and in the Shandong region, the price of bromine is running steadily. The mainstream market price is around 21500-22000 yuan/ton, and bromine manufacturers are gradually resuming production. But downstream demand is weak. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 1944.33 yuan/ton at the beginning of the week and 2104.33 yuan/ton at the end of the week. The price has increased by 6.05%, which is 106.31% higher than the same period last year. Downstream demand is still acceptable.

Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are rising. Bromine production is gradually starting, but downstream demand is still mainly based on on-demand procurement. Based on the comprehensive forecast of supply and demand, it is expected that bromine prices may continue to consolidate in the later stage, depending on downstream market demand.

According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China has risen this month (2.1-2.28), with an average market price of 247210 yuan/ton at the beginning of the month and 255830 yuan/ton at the end of the month, a monthly increase of 3.49%.

Tin prices rose rapidly in the early stages of February, but the upward trend decreased in the later stages.

The upcoming Chinese People’s Congress and Chinese People’s Political Consultative Conference are expected to boost market confidence with favorable policies, and overall macro sentiment is trending towards optimism. In this context, the processing fee for tin concentrate remains low and stable, and the supply of ore is still tight, especially in the Wa region where tin ore has not yet resumed production, further exacerbating the tight supply situation. Resulting in a rapid increase in tin prices to a high of 260000.

On the supply side, with the end of the Spring Festival holiday, most downstream enterprises will resume work and production starting from the ninth day of the first lunar month. Due to Myanmar’s recent official announcement of the relevant procedures for obtaining mining, beneficiation, and exploration permits, this move may further intensify the market’s anticipation and fermentation of its resumption of production. ‌

On the demand side, the operating rate of downstream tin and solder enterprises is showing a steady growth trend, with a significant month on month increase. The overall demand in the consumer electronics market is gradually recovering.

At the end of the month, the domestic inventory was 7001 tons, a decrease of 64 tons; LME inventory is 3725 tons, and a slight increase in inventory provides support and slows down tin prices.

Overall, the export volume of tin ingots on the exchange showed a stable growth trend in February. At the same time, the domestic market is entering a peak consumption season, and the demand for tin is expected to further increase. The subsequent tin prices are expected to maintain a volatile trend.

1、 Price trend

Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by Business Society, the price of titanium dioxide in the domestic market increased in February. On February 1st, the average price of titanium dioxide was 14900 yuan/ton, and on February 27th, the average price of titanium dioxide was 15180 yuan/ton, with a price increase of 1.88%.

2、 Market analysis

The domestic titanium dioxide market price increased in February. Returning from the early Chinese New Year holiday, the titanium dioxide market continues its upward trend from before the year, with strong execution of new market prices. In the middle of the month, the domestic titanium dioxide raw material market remained at a high level, with significant cost support from titanium dioxide enterprises and a mainly consolidating trend in market prices. In the latter half of the year, titanium dioxide companies sent another letter to adjust prices and increase prices. The overall market has received good orders, boosting confidence. Some tight models have raised their prices. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 15000-15700 yuan/ton; The quotation for rutile titanium dioxide is around 13200-13600 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the price of raw material titanium concentrate increased slightly in February. After the early Chinese New Year, the supply of titanium ore raw materials was tight, and the overall titanium ore price market remained strong and upward. In the middle of the month, there was an increase in inquiries in the titanium ore market, with low inventory levels and a continued slight increase in titanium ore prices. In the latter half of the month, large mining companies in the Panxi region responded by releasing raw ore to the outside world, and the supply of medium ore also increased, causing some mining companies to operate at full capacity. However, due to the increase in prices sent by major titanium dioxide companies, mining companies’ quotations remained relatively firm. As of now, the price of 38-42 grade titanium ore without tax is around 1450-1500 yuan/ton, 46 grade 10 titanium concentrate without tax is around 2100-2150 yuan/ton, and 47 grade 20 titanium concentrate is around 2100-2200 yuan/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will be mainly strong.

3、 Future forecast

Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market prices have risen this month. Due to the shortage of raw materials and the continuous increase in costs, Longqi has once again led a letter to raise the price of titanium dioxide. Overall, the confidence in the titanium dioxide market is good, and it is expected that the price of titanium dioxide will remain firm in the short term. The actual transaction price is negotiable.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of February 26th, the reference average price of domestic urea market was 1881 yuan/ton, which is 2.06% higher than the reference average price of 1843 yuan/ton on February 21st.

2、 Market analysis

market conditions

This week, the domestic urea market prices have shown a strong upward trend. As of February 26th, the factory price of urea in Shandong region is around 1835-1860 yuan/ton, in Hebei region it is around 1850 yuan/ton, in Henan region it is around 1850 yuan/ton, in Hubei region it is around 1840 yuan/ton, and in Liaoning region it is around 1880 yuan/ton.

Supply and demand situation

On the supply side, the spot supply of urea market is tight this week, but the daily production is relatively sufficient. In terms of demand, it is currently the spring plowing and fertilizer preparation period, with strong agricultural demand and increased industrial demand. The urea market has good trading volume and increased trading volume.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea market has been continuously rising in recent days. As urea prices continue to rise, downstream procurement tends to be cautious. The demand side support is good, and the market still maintains an optimistic attitude. It is expected that the domestic urea market price will remain stable and rise in the short term.