ECHEMI Analysis

This week, the acrylonitrile market in China continued to decline due to increased supply and weakened demand, with the ex-tank price at East China ports falling to 7,350 CNY/ton. Despite high costs leading to increased production losses, it is expected that the market will bottom out and gradually recover around the Spring Festival, with a long-term outlook for an increase.

• Acrylonitrile market
• increased supply
• weakened demand
• high costs

Before the Spring Festival, China's PP market remained firm with narrow price fluctuations, and the benchmark price was 6,700 CNY/ton, up 3.32% year-on-year. High raw material prices provided strong support, while the operating rate of the supply side slightly decreased to 74%. Demand improved due to pre-holiday stockpiling but is expected to weaken as the holiday approaches. It is anticipated that inventory accumulation after the holiday may pose an upward resistance to the market.

• cost support
• abundant supply
• improving demand
• post-holiday resistance

This week, the styrene market in China showed a fluctuating downward trend, with the average price decreasing from 7,688 CNY/ton at the beginning of the week to 7,594 CNY/ton by the end of the week, a price decrease of 1.22%.

• Styrene
• Market Dynamics
• Price Decline
• Weekly Summary

This week, the Chinese market for anhydrous hydrogen fluoride remained stable, with the benchmark price of hydrofluoric acid at 13,06667 CNY per ton, a 026% increase from last month The price of raw material fluorspar remained high and stable, providing acceptable cost support; however, downstream demand was weak, with the production quotas for the refrigerant industry nearly exhausted, leading to a greater reliance on inventory

• Anhydrous hydrogen fluoride
• stable market
• fluorite prices
• weak demand

This week, the market price of Aniline in China remained stable at 8,845 CNY/ton, unchanged from last week, but down 347% compared to the same period last year Market transactions are gradually decreasing, and downstream industries are beginning to shut down for the holiday Companies have low inventory levels, resulting in less sales pressure In terms of costs, the price of pure benzene has dropped, and the downstream sector is resistant to high-priced raw materials

• Aniline Market: Prices Remain Stable
• Impact of Cost Factors
• Outlook for the Future

As of February 13, the average market price of acetic acid in China was 2780.00 CNY/ton, a slight increase of 0.24% from February 9. The operating rate on the supply side has slightly decreased, and downstream inventory preparation has slowed down, with mixed market trading sentiment. The price of raw material methanol first increased and then decreased, reducing the cost pressure on acetic acid. It is expected that the acetic acid market will remain stable and cautious in the short term.

• Acetic acid market
• price fluctuations
• supply conditions
• raw material methanol

From February 6 to 13, the BDO price in China increased from 7,357 CNY/ton to 7,371 CNY/ton, a price increase of 0.19%. The supply slightly decreased, and demand weakened due to the Spring Festival holiday and some factories shutting down. It is expected that the market will enter a stable but quiet state during the Spring Festival, with no actual transactions.

• BDO market
• supply-demand analysis
• impact of the Spring Festival holiday
• raw material costs

From February 6 to 13, the price of ethanol in China rose to 5,444 CNY/ton, with a price increase of 0.57%. The price increase was mainly driven by a decrease in supply, an increase in stocking demand, high raw material costs, and factories' willingness to raise prices. It is expected that the market trend after the holiday will mainly be consolidation.

• Ethanol market
• price increase
• tightening supply
• cost support

As of February 13, the price of ethyl acetate was 5,320 CNY/ton, unchanged from February 6, and down 0.13% from the beginning of the month. The market's operating rate has decreased, and inventory has been reduced. Downstream demand is moderate, and while the price of the raw material acetic acid has slightly increased, it provides limited support. It is expected that the price of ethyl acetate will remain stable and be under observation in the short term.

• Acetic acid ethyl ester
• market trend
• stable prices
• moderate downstream demand

From February 9th to 13th, the average market price of ammonium sulfate in China increased from 1,166 CNY/ton to 1,190 CNY/ton, a price increase of 2.00%. Supply and demand remained stable, and the rise in international urea prices was beneficial to the ammonium sulfate market. It is expected that the market price of ammonium sulfate will consolidate and operate stably in the short term.

• Ammonium sulfate market: prices rise
• supply and demand stable
• short-term forecast

From February 6 to 13, the quotation for methanol in the East China port of the Chinese methanol market fell to 2,201 CNY/ton, with a price decrease of 097% during the period The main futures contract for methanol on the Zhengzhou Commodity Exchange closed at 2,231 CNY/ton, with a price decrease of 045% As the Spring Festival approaches, downstream demand and trading activity have weakened, and supply has decreased due to plant maintenance, while foreign prices remain stable

• Methanol Market
• Price Adjustment
• Pre-Spring Festival Stockpiling
• Reduced Supply

Recently, the prices of gasoline and diesel from refineries in Shandong, China, have shown divergent trends, with 92# gasoline prices increasing by 195% and 0# diesel prices decreasing by 088% The fluctuation in the crude oil market has affected the cost of refined oil products, while the supply remains stable On the demand side, gasoline prices have risen due to increased travel during the Spring Festival holiday, whereas diesel demand has weakened as outdoor units take a break

• Shandong independent refineries
• gasoline and diesel market conditions
• crude oil market
• Spring Festival impact

From February 6 to 13, the price of MTBE increased from 4,903 CNY/ton to 5,043 CNY/ton, a price increase of 286% Due to the restocking demand during the Spring Festival holiday and tight supply, the MTBE market in China rose with fluctuations, especially with a significant increase in prices in Shandong

• MTBE market: prices fluctuating
• supply declining
• demand increasing.

In February 2026, the dichloromethane market showed a pattern of rising in the first ten days and falling in the middle of the month As of February 12, the price of dichloromethane in Shandong region has decreased by 151% compared to the beginning of the month The cost support from liquid chlorine and methanol has weakened, and the reduction in supply is insufficient to offset the inventory accumulation

• Dichloromethane market: cost support weakens
• oversupply
• weak demand

As the Spring Festival holiday approaches, the asphalt market in China has entered a phase where there is price but no trading, with both supply and demand shrinking It is expected that after the holiday, the market will experience a moderate recovery, with opening prices increasing by 50-80 CNY per ton, and actual transaction prices following suit with an increase of 30-50 CNY per ton

• Asphalt Market
• Spring Festival Holiday
• Supply and Demand Analysis
• Price Forecast

After the Spring Festival, the acetone market is expected to rise, influenced by cost support and maintenance, but increased inventory and slow recovery in demand pose risks. In the past six years, prices have risen after the holiday. Currently, the price in East China has reached 4,650 CNY/ton, and the price increase in major markets across China is between 600-700 CNY/ton.

• Acetone Market
• Post-Holiday Trends
• Cost Support
• Supply-Demand Changes

Recently, the polyethylene market in China has been fluctuating and showing weakness, with light trading before the holiday. From February 5 to 10, the prices of LLDPE, LDPE, and HDPE fell by 1.81%, 2.06%, and 0.24%, respectively. There is a clear expectation of oversupply, and demand is weak due to the approaching Spring Festival, while cost support is unstable. In the short term, it is expected that polyethylene will continue to fluctuate within a narrow range.

• Polyethylene market
• prices decline
• oversupply
• seasonal low season

DMF market inventory remains high, but prices have stayed stable. Recently, the market has seen a balance between supply and demand, with no significant price fluctuations. It is expected that DMF prices will continue to hold their current levels in the short term.

• DMF inventory
• price trend
• high-level operation
• stable operation

This week, the melamine market in China showed a "mainly stable, slightly upward" trend, with the benchmark price at 573750 CNY/ton, up 110% from the beginning of the month The cost side is supported by the rise in urea prices, and the supply side is in balance On the demand side, downstream purchases are made as needed, and exports are stable

• Melamine Market
• Cost Support
• Supply-Demand Balance
• Outlook for the Future

On February 11, 2025, coking coal market prices remained stable, with an average price of 1,391 CNY per ton. Although molten iron production stayed at a high level, weak end-demand for steel products and accumulating inventories have prompted steel mills to adopt a conservative approach to raw material procurement. In the short term, coking coal prices are expected to fluctuate within a narrow range, tending toward weaker levels.

• Coke market: Prices remain stable
• weak demand
• high inventory levels.