ECHEMI Analysis

• The PP market in China has maintained a weak operation[1]
• with prices of various product grades mostly seeing a decline[1]. It is also mentioned that as of October 9th
• the inventory of PP traders accumulated to 73
• 900 tons[1]
• indicating a significant phenomenon of inventory accumulation. Additionally
• on the supply side
• it is noted that new production capacity has been smoothly introduced along with the return from maintenance
• and the overall supply pressure will continue to exist[1]
• which explains the issue of supply pressure. Finally
• although the demand side is in the traditional peak season
• the actual improvement is limited and affected by many negative factors[1]
• demonstrating the situation of weak demand.

On October 16, the price of pure benzene in China fell to 547867 CNY/ton, mainly due to the continuous decline in crude oil prices leading to insufficient market confidence Sinopec's refineries in East China and South China have reduced the price of pure benzene by 100 yuan to 5650 CNY/ton, and the quotations from Shandong local refineries continued to decrease

• The market price of pure benzene
• crude oil prices have fallen
• Sinopec refinery adjusts prices
• Shandong local refining companies have lowered their quotations[1]

As of October 16, the factory price of cyclohexanone in Shandong region has been adjusted to 6,650 CNY/ton, a decrease of 250 CNY/ton from October 9, with a price decrease of 3.62%. The overall market shows a weak operation trend, with pressure on both supply and demand sides, and weakened cost support[1].

• Cyclohexanone: Market prices decline
• supply and demand remain weak
• cost support weakens.

This week, the market for anhydrous hydrogen fluoride in China remained stable. As of October 16, the benchmark price for hydrofluoric acid was 12,666.67 CNY per ton, representing a 6.74% increase from the end of September. The raw material, fluorspar, is supported by high market prices, while demand is weak. An increase in the operating rates of enterprises has led to a rise in inventory. It is expected that the market will continue to operate stably in the near future[1][2].

• Anhydrous hydrogen fluoride
• market trend
• fluorspar price
• downstream demand[1][2][3][4][5]

After the holiday, the Chinese epoxy propane market surged and then stabilized As of October 16, the benchmark price of epoxy propane was 806667 CNY/ton, an increase of 386% from the beginning of the month The slight rise in the price of propylene, a raw material, supported the epoxy propane market

• Epichlorohydrin
• market supply and demand
• price trend
• raw material support[1]

On October 16, the market price of titanium dioxide in China remained stable at 13,860 CNY per ton. Despite the rise in the price of raw material sulfuric acid leading to increased costs, the weak demand from the real estate industry has resulted in lower purchasing willingness among enterprises. It is expected that the price of titanium dioxide will maintain its current status in the short term.[1][2]

• Titanium dioxide
• market price
• cost pressure
• weak demand[1][2][3]

On October 16, the isopropyl alcohol market trended downward, with the average market price settling at 5,841.67 CNY per ton. Downstream acetone prices remained volatile at low levels, resulting in insufficient cost support and dampening industry sentiment. As a result, buyers are adopting a cautious approach, purchasing only as needed. The isopropyl alcohol market is expected to maintain its weak, consolidating trend in the near term.

• The isopropanol market
• prices are falling
• cost support is insufficient
• market confidence is average[4]

In early October, the average quotation price for top-grade DMF from Chinese enterprises was 40,250 CNY/ton, with the overall price showing a weak and stable trend, decreasing by 0.5% compared to the beginning of the month. Insufficient market demand has curbed price increases, with the industry's operating rate below 40%, and the problem of oversupply continues to exist[1][2].

• DMF prices
• chemical market
• price trends
• regional differences[1][2]

From October 9th to 16th, the market price of ammonium sulfate in China continued to rise, from 960 CNY/ton to 1063 CNY/ton, with a price increase of 10.76%. This week, the operating rate of caprolactam-grade decreased, leading to a reduction in market supply, while the demand for replenishment downstream increased, resulting in a good trading atmosphere. It is expected that the price of ammonium sulfate will remain strong in the short term.[1][2][3][4]

• The ammonium sulfate market
• price increase
• supply and demand situation
• future market forecast[1]

Recently (Oct. 1–Oct. 14), the Chinese EVA market experienced a slight decline, with the benchmark price dropping from 11,403 CNY/ton to 11,366 CNY/ton. Despite rising prices for the raw material vinyl acetate, weaker downstream demand and increased supply have contributed to the overall market weakness. Market analysts expect EVA spot prices to likely continue their modest downward trend in the near term.

• EVA market: prices declining
• demand weakening
• supply increasing

As of October 15, the spot benchmark price for battery-grade lithium carbonate in China was 73,016 CNY per ton, showing a narrow range fluctuation trend The supply side is under pressure due to increased production in China, but the reduction in exports from Chile has alleviated some of this pressure On the demand side, it is supported by the development of new energy vehicles, while trade frictions have added uncertainty

• Lithium carbonate prices
• market demand
• supply pressures
• new energy vehicles

As of October 15, the benchmark price of epichlorohydrin is 12,500.00 CNY/ton, an increase of 2.46% from the beginning of the month. The high prices of raw materials, glycerin and propylene, have led to increased cost pressure; on the demand side, the need for downstream inventory has supported the prices. It is expected that the market price will remain weakly stable in the later period[2].

• Epichlorohydrin
• market price
• cost pressure
• demand support

As of October 15, 2025, the reference price for n-butanol in Shandong, China, was 5,566 CNY/ton, a decrease of 100 CNY/ton compared to October 9, representing a price decrease of 176% This week, the n-butanol market in Shandong showed an overall weak downward trend, with factories and suppliers reducing their prices by about 50-100 CNY/ton

• The butanol market in China is experiencing a price decline
• supply pressure is increasing
• and demand remains weak[1][2][3][4].

The melamine market price continues to decline, with a serious imbalance in supply and demand The industry capacity has increased to 26 million tons, but due to weak demand, the operating rate of enterprises is only 69% The downturn in the real estate market has led to a sluggish downstream panel industry, coupled with the decline in urea prices weakening cost support, and export obstructions, making it difficult for the market to improve in the short term

• Imbalance of supply and demand
• weakening cost support
• export obstruction
• weak market demand[1][2][3][4]

In early October 2025 to October 14, the spot market trend of natural rubber in China showed a slight weakening, with the spot rubber price decreasing from 14,666 CNY/ton to 14,391 CNY/ton, a price decrease of 1.87%. The high raw material prices dropping and the low downstream tire production put pressure on the market trend, despite a reduction in inventory[1].

• Natural rubber
• market prices
• inventory changes
• downstream demand

Recently (10.1~10.14), the butadiene rubber market trend has been weak, with prices falling from 11670 CNY/ton to 11310 CNY/ton. Cost support has weakened, supply has increased but downstream demand is weak, and tire companies have a low operating rate; it is expected that butadiene rubber will remain in a weak consolidation in the short term.[1][2]

• Butadiene rubber
• market trend
• price decline
• influenced by raw material prices[1][2][3][4][5]

Recently (10.1~10.14), the market price of styrene-butadiene rubber has been weak and declining, with the East China market price dropping from 11,875 CNY/ton to 11,541 CNY/ton, a price decrease of 2.81%. In terms of costs, the prices of raw materials butadiene and styrene have both decreased. The operating rate of downstream tire production has significantly reduced due to the holiday, weakening the demand support for styrene-butadiene rubber[1].

• The price of styrene-butadiene rubber has fallen
• raw material prices have decreased
• tire production has declined
• styrene-butadiene rubber plant operations remain stable[1][2]

After the holiday, the price of 85% industrial grade formic acid in China first decreased and then stabilized, reaching 2800 CNY/ton as of October 14th, a decrease of 968% month-over-month and an increase of 09% year-over-year The market is experiencing weak demand, but the inventory on the supply side is manageable If a certain enterprise in Liaocheng implements its maintenance plan, it may have an impact on the market

• Formic acid price
• weak demand
• supply variables
• market stability[1][2][3]

After the National Day holiday, the adipic acid market in China continued to decline, with the average market price falling to 7,033 CNY/ton on October 14, a decrease of 2.31% from the beginning of the month. The weak terminal demand and the soft raw material prices led to the continued bottoming out of adipic acid prices, and it is expected that the market will remain weak and volatile in the short term.[1][2][3][4]

• The adipic acid market
• price decline
• oversupply
• weak demand[1]

As of October 14, the price of ethyl acetate has risen to 5,530 CNY per ton, an increase of 2.60% from October 8. The rise in prices is driven by expectations of a tightening supply and high raw material costs. In the short term, it is expected that the market will continue to operate at a high level, but in the long term, attention needs to be paid to the downstream acceptance of high prices.[1][2]

• Ethyl acetate prices
• market supply
• raw material support
• downstream demand[1][2]