ECHEMI Analysis

In early November, the palm oil market in China fluctuated downward, with the average market price falling from 8,818 CNY/ton to 8,700 CNY/ton, a decrease of 1.34%. The estimated increase in Malaysian palm oil production, along with bearish external factors, led to a weakening of the futures and spot markets in China. It is expected that by mid-November, as Malaysian production continues to rise, the palm oil market will continue to decline.

• Palm Oil Market Update: Prices Decline
• Malaysian Palm Oil Production Faces Bearish Factors

This week, the acrylonitrile market saw a slight increase, with the ex-tank price at East China ports rising to 8,050-8,100 CNY/ton. Despite a loose supply, downstream restocking stimulated price increases. The weekly capacity utilization rate of Chinese factories was 77.99%, and inventory rose to about 52,600 tons. With demand and costs declining, it is expected that there will be insufficient momentum for further price increases in the future.

• Acrylonitrile Market: Prices Rise
• Supply Remains Loose
• Demand Declines

This week, the spot market price of PVC narrowed down, with the average price of calcium carbide method SG-5 type at 4,490 CNY per ton, a decrease of 0.88% within the week. The supply and demand in the Chinese market is loose, with insufficient downstream demand and weak futures. The price of calcium carbide remains low, providing limited support. It is expected that the price of PVC in China will maintain a range-bound adjustment pattern next week.

• PVC prices: trading in a range
• insufficient demand
• sluggish calcium carbide market

As of November 7, the average price of dichloromethane in bulk water in Shandong region was 1910 CNY/ton, an increase of 626% from the beginning of the month The main driver of the price increase was a reduction in supply, but weak demand limited the price increase The decline in methanol prices weakened cost support, while the price of liquid chlorine provided moderate support

• Supply contraction
• price increases
• weak demand
• limited cost support

This week, the market price of pure benzene in the Shandong region of China experienced a slight fluctuation, decreasing from 5,212 CNY/ton to 5,202 CNY/ton, with a weekly decline of 019% Sinopec's East China and South China refineries lowered their prices to 5,300 CNY/ton, and the consumer end showed weak performance International crude oil futures closed lower, while the prices of pure benzene in the foreign markets were mixed

• Pure benzene prices
• market volatility
• weak demand
• crude oil futures

This week, the styrene market in China showed weakness, with prices falling from 6752 CNY/ton at the beginning of the week to 6706 CNY/ton by the end of the week, representing an overall price decrease of 0.68%.

• Styrene Market: Prices Decline
• Weekly Analysis
• Chemical Products

This week, the TDI market in East China slightly increased, with the average price rising from 13,566 CNY/ton to 13,666 CNY/ton, a price increase of 0.74%. The supply side tightened due to the suspension of orders by northern factories, price hikes by major plants in Shanghai, and some plant maintenance, supporting the price increase. The cost of toluene also saw a strong rise. It is expected that the TDI market will remain strong in the short term.

• TDI market: prices rising
• supply tight
• toluene market surges

This week, the DOP price first increased and then decreased, finally reported at 7025.83 CNY/ton, with a price increase of 0.24%. The price of 2-ethylhexanol increased by 1.40%, while the price of phthalic anhydride decreased by 0.39%. Cost support in China has increased, but demand is weak; it is expected that the DOP price will stabilize at a low level in the future.

• DOP price fluctuations
• cost support changes
• impact of raw material prices
• supply-demand relationship analysis

In November, phthalic anhydride prices fluctuated and declined in China. The price of o-xylene-based phthalic anhydride dropped from 5950 CNY/ton to 5926.67 CNY/ton, a decrease of 0.39%. The reduction in ortho-xylene prices led to a decrease in the cost of phthalic anhydride, while the operating rates of enterprises remained stable, ensuring ample supply. Although there is still support from downstream DOP demand, the overall trend for phthalic anhydride prices remains downward.

• Phthalic anhydride prices
• declining costs
• DOP demand
• market forecast

This week, the aniline market in China stopped falling and started to rise, increasing from 7,675 CNY/ton on November 3rd to 7,737 CNY/ton on November 7th, with a weekly price increase of 0.81%. The slight rise in the price of raw material benzene and the tight supply of nitric acid, which increased costs, drove up the price of aniline. It is expected that the aniline market in China will consolidate after the increase in the short term.

• Aniline Market: Price Increases
• Cost-Side Influences
• Future Outlook

This week, the Chinese urea market price showed a strong increase. As of November 7, the average market reference price was 1615 CNY/ton, with a price increase of 1.57%. Affected by the export quota and Indian tender, both the futures and spot markets saw an upward trend. Although supply is ample, demand has increased, and it is expected that prices will continue to be strong in the short term.

• Urea Market
• Price Trends
• Supply and Demand Dynamics
• Future Outlook

This week, the price of titanium dioxide in China decreased from 13,860 CNY/ton at the beginning of the week to 13,500 CNY/ton by the end of the week, a decrease of 2.6%. The market demand is weak, and the enthusiasm of downstream buyers is not high, resulting in an overall weak demand. It is expected that the market will maintain a weak and stable operation in the short term, with actual transaction prices negotiated on a case-by-case basis.

• Titanium Dioxide Market: Price Cuts
• Weak Demand
• Steady but Sluggish Operations

This week, the price of 2-ethylhexanol fluctuated and increased by 1.40% to 6,033.33 CNY per ton. Despite a 2.61% decrease in propylene costs, the price of 2-ethylhexanol faced increased upward pressure due to a reduction in production capacity to 70%, leading to a decrease in supply, and supported by the demand for DOP. The market expectation is for the price of 2-ethylhexanol to remain strong and stable.

• Isooctanol prices
• Propylene costs
• DOP demand
• Market analysis

This week, the overall price of activated carbon remained stable with a slight increase of 0.26%. The price of coconut shell activated carbon rose due to strong demand and cost support, with factory prices in East China ranging from 9,500 to 13,000 CNY per ton. The prices of wood and bamboo activated carbon remained stable. It is expected that in the short term, the price of activated carbon will remain at a high level and fluctuate due to the shortage of raw materials.

• Activated carbon prices
• coconut shell activated carbon
• raw material shortages
• high-level volatility

This week, the isopropanol market price in China decreased slightly. The average price at the beginning of the week was 5,683.33 CNY per ton, and the average price at the end of the week was 5,638.33 CNY per ton, with a price decrease of 0.79%. The market trading atmosphere was poor, with weak downstream purchasing, and the transaction focus shifted towards the lower end. It is expected that the market will mainly undergo a weak consolidation in the short term.

• Isopropanol market prices
• slightly declined
• transaction focus on the lower end
• market weakly consolidating

This week, the price of sodium metabisulfite in China rose slightly by 0.17%, with the average price of industrial-grade products increasing from 1,956 CNY/ton to 1,960 CNY/ton. The price of soda ash, an upstream product, increased, while the price of sulfur decreased. The price of downstream caprolactam rose slightly, and faster market transactions supported the price increase. It is expected that prices will remain volatile but generally strong in the short term.

• Sodium metabisulfite price
• market transactions
• price increase
• future market forecast

From November 3 to 7, China's BDO price was adjusted to 7,442 CNY/ton, a decrease of 0.31% week-over-week and a decrease of 15.83% year-over-year. The low capacity utilization rate in the supply side supports a stable market sentiment, but both the cost side and demand side are affected by negative factors. It is expected that the BDO market will maintain a stalemate and consolidation.

• BDO Market
• Price Fluctuation
• Supply Side
• Demand Side

From November 3 to 7, the methanol market in East China's ports saw a price drop to 2095 CNY/ton, with a 0.33% decrease within the period. The methanol futures closing price at the Zhengzhou Commodity Exchange fell by 0.19%. High supply pressure and high port inventories have led to a continuously weak market. It is expected that the spot market for methanol will remain weak in the future.

• Methanol Market
• Market Analysis
• Port Inventory
• Futures Prices

In November 2025, the Chinese coke market remained stable, with prices holding steady at 1,451 CNY/ton. The fourth round of price increases is scheduled to begin on November 10. Supply has decreased due to environmental production limits and reduced profits. Demand is supported by high blast furnace operating rates in steel mills, but there is a risk of decline in the medium term. It is predicted that coke prices will likely trend stronger with some volatility.

• Coke market
• Price trend
• Supply and demand analysis
• Future forecast

From November 3 to 7, the price of MTBE fell from 5002 CNY/ton to 4960 CNY/ton, a small decline of 0.85% during the period. The fall in international oil prices, weak demand, and increased supply had a negative impact on the MTBE market. It is expected that the future market trend will mainly be characterized by narrow fluctuations.

• MTBE market
• price fluctuations
• crude oil influence
• rising supply