ECHEMI Analysis

On December 19, PET polyester bottle chips saw a strong rebound, with an average selling price of 5772 CNY/ton, and the main futures contract rose by 176% The cost of crude oil, PX, and PTA increased, leading to higher factory quotes Supply remained stable, with new facilities undergoing trial runs, but inventory pressure still exists Demand was mainly from rigid demand procurement, with cautious trading

• PET polyester bottle flakes
• rebound
• cost support
• ample supply

This week, the styrene market in China showed a weak downward trend. The average price dropped from 6,774 CNY/ton at the beginning of the week to 6,716 CNY/ton by the end of the week, with an overall price decrease of 0.86%.

• Styrene Market
• Price Decline
• Weekly Analysis
• Chemical Products

This week, the market price of propylene oxide in China declined, with the benchmark price at 7,850 CNY/ton, an increase of 1.29% from the beginning of the month. The price of raw material propylene slightly dropped, with insufficient cost support; the supply side saw increased capacity and ample inventory, while demand was weak, resulting in limited market transactions. It is expected that the propylene oxide market will remain stable but slightly weak in the short term.

• Propylene oxide prices
• raw material propylene
• market supply and demand
• price trend forecast

Recently, the market price of aniline has risen to 7,945 CNY per ton, representing a price increase of 4.03% over the period, primarily driven by expectations of reduced supply. On the cost side, benzene prices have remained low and volatile, with overall supply and demand remaining weak. It is expected that the aniline market will remain stable in the short term.

• Aniline prices rise
• supply decreases
• pure benzene is weak
• market stability expected in China

From December 1st to 18th, the reference average price of urea in the Chinese market increased from 1702 CNY/ton to 1720 CNY/ton, with a price increase of 1.03%. The market supply is sufficient, and demand is stable. The rise in the futures market has driven the spot market to improve. It is expected that the urea market price will continue to rise in the short term.

• Urea market: prices rise
• supply is ample
• demand is stable.

Recently, the price of formic acid has decreased As of December 19, the price of industrial-grade 85% formic acid in China was 2,830 CNY per ton, a decrease of 275% compared to last week The supply side has experienced a phased contraction, but it has not significantly alleviated the high inventory pressure Demand is weak, and downstream industries are adopting a wait-and-see attitude, leading to a stalemate in market supply and demand

• Formic acid prices decline
• supply side contracts
• weak demand
• inventory pressure

As of December 17, the acetic acid market in China continued to show a strong trend, with the average market price at 2,660 CNY/ton, an increase of 0.88% from last week. Supply pressure is not significant, and downstream demand remains stable. The prices of raw material methanol and downstream acetic anhydride have also risen. It is expected that the acetic acid market will stabilize in the later period.

• Acetic acid market conditions
• methanol market
• acetic anhydride prices
• supply situation

From December 12 to 19, China’s BDO prices fell by 115% month-on-month, and the market remained in a state of cautious wait-and-see On the supply side, some plants have resumed operations and increased their production capacity, adding to the available supply; however, plant maintenance activities also continued In terms of costs, calcium carbide prices declined while methanol prices are expected to rise, creating mixed impacts

• BDO Market
• Supply-Demand Dynamics
• Cost-Driven Influences
• Future Market Forecast

Since December, the market price of acetone in China has continued to fall As of December 19, the national average price dropped to 4087 CNY/ton, a decrease of 331% The price in the East China region was reported at 4050 CNY/ton, a decline of 3034% compared to the same period last year In terms of supply, domestic production has decreased, but imports have maintained a balance On the demand side, it is mainly driven by rigid demand, with insufficient willingness to restock

• Acetone market
• price decline
• supply-demand balance
• inventory pressure

This week, the price of ammonium sulfate in China fell by 6.25%, with the average price dropping from 1173 CNY per ton to 1100 CNY per ton. Although the market supply has decreased, demand remains weak, and downstream buyers are resistant to high prices, resulting in fewer new orders. It is expected that the price of ammonium sulfate will continue to be weak in the short term.

• Ammonium sulfate market
• price decline
• supply and demand situation
• future market forecast

Since December, the Chinese phenol market has experienced a significant decline followed by low-level fluctuations. The price in East China fell from 6,225 CNY/ton to 5,850 CNY/ton, a decrease of 6.02%. With stable supply, weak demand continues to put pressure on prices. It is expected that the market will remain in a consolidation phase in the latter part of the month, with increased supply and insufficient demand dominating the price trend.

• Phenol market
• prices decline
• supply-demand dynamics
• inventory remains stable

From December 12 to 19, the MTBE price remained at 4,967 CNY/ton, with a price decrease of 0.70%. The international crude oil trend was poor, and manufacturers slightly reduced prices. The market showed weak fluctuations due to the interplay between reduced supply and weak demand. High raw material costs provided strong support, and manufacturers were keen on maintaining prices. It is predicted that the MTBE market in China will mainly undergo a weak consolidation.

• MTBE market
• crude oil prices
• supply-demand dynamics
• chemical product market trends

On December 17, the DMF market was under pressure due to insufficient downstream demand, and price trends remained weak. The overall market’s supply-demand contradiction intensified, causing DMF prices to remain persistently low.

• DMF market
• downstream demand
• price trends
• market pressures

Cyclohexane has a large consumption in China, and with the improvement of product quality and production capacity, the export volume has been increasing year by year, especially with faster demand growth in regions such as Southeast Asia and the Middle East. The industry is highly concentrated, dominated by large enterprises, and in the short term, the supply and demand are balanced, with prices remaining stable.

• Cyclohexane
• Market Supply and Demand
• Price Trends
• International Market Prospects

From December 8 to 17, the price of methanol in the East China ports of the Chinese methanol market increased from 2090 CNY/ton to 2140 CNY/ton, a sequential increase of 5.16% and a year-on-year decrease of 18.74%. The main futures contract for methanol at the Zhengzhou Commodity Exchange closed at 2156 CNY/ton, with a price increase of 1.84%. The market trend was narrowly consolidated due to factors such as ample supply, weak demand, and weakened cost support.

• Methanol Market
• Price Fluctuations
• Changes in Supply Side
• Impact on Demand Side

On December 17, 2025, the average price of coke was 1,496 CNY per ton After experiencing two rounds of price increases and subsequent cuts, the market has temporarily stabilized—but a third round of price cuts has already begun The market is clearly in the off-season, with downstream industries showing low operational enthusiasm and steel mills increasing maintenance activities, leading to weakening demand expectations

• Coke market
• price decline
• weak demand
• supply recovery

Recent polyethylene market has been weak, with LLDPE, LDPE, and HDPE prices falling by 1.65%, 1.89%, and 2.05% respectively. Supply is abundant while demand is weak, and cost support is insufficient. Futures prices have declined, and it is expected that polyethylene will continue to operate in a weak manner.

• Polyethylene prices have fallen
• market demand is weak
• supply exceeds demand
• futures prices are declining.

Recently, the Chinese dichloromethane market has experienced a slight rebound due to rising costs and a temporary reduction in supply. However, the imbalance between supply and demand remains unchanged. In the short term, as production facilities resume operations, supply pressure will reappear, and weak demand will limit the extent of the rebound. It is expected that prices will experience a slight correction and narrow fluctuations.

• Dichloromethane market
• cost support
• supply changes
• weak demand

Since December 8, supported by the firm prices of cyclohexanone and pure benzene raw materials, the Chinese adipic acid market has shown a recovery, with the average price increasing from 6,733 CNY/ton to 6,833 CNY/ton, a price increase of 1.49%. Terminal demand has increased, and quotations in Shandong and Jiangsu regions have risen by about 100 CNY/ton. It is expected that the market will continue to rise in late December.

• Adipic acid market
• raw material support
• market recovery
• price increase

As of December 16, 2025, the price of n-butanol in Shandong, China, decreased from 5783 CNY/ton to 5650 CNY/ton, a price decrease of 2.31%. This week, the market showed a decline from a high position, with weakening demand and reduced purchasing enthusiasm. Although the supply pressure is manageable, support is weak. It is expected that the market will continue to be relatively weak in the short term.

• Butanol market conditions: Demand is weakening
• prices are being lowered
• the market is sluggish.