1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of June 24th, the average quotation price of domestic high-quality DMF enterprises was 4170 yuan/ton. This week, DMF prices have been the main trend, with a strong price trend. Compared with the same period last week, the price has increased by 3.22%, or 100 yuan/ton. Currently, the DMF market is observing and consolidating.
2、 Cause analysis
In terms of cost, the upstream methanol market price is relatively firm, and the port trend is stronger than that of the mainland. In the short term, the port market will maintain a high level of operation, while downstream demand procurement will be the main focus. Currently, the mainland market maintains a high operating rate, and raw material procurement is cautious. Traders have a low price reluctance to sell. In terms of port: the arrival at the port is not as expected, the port market is active, and cargo rights are relatively concentrated. It is expected that prices will continue to rise in the short term.
In terms of demand: Recently, the DMF market demand has been poor, and the overall market is weak with a wait-and-see attitude. This week, the operating rate of enterprises has remained stable, and there has been no news of new device maintenance. Currently, the overall inventory is running at a high level, and the supply of spot goods exceeds the demand. The pressure on the demand side is high, and it is difficult to alleviate in the short term. The wait-and-see atmosphere is obvious, and prices are fluctuating weakly. In terms of market mentality, the supply and demand are deadlocked. Business operators have a general mentality in the future and.
On the supply side: This week, the DMF market is observing and consolidating. On the supply side, there will be equipment maintenance at the end of the month. At that time, the factory inventory was running at a high level, and the supply side is sufficient. Currently, the downstream is still in the off-season, and on-demand procurement is the main focus, with slow shipments and difficulty in increasing actual orders. It is expected that the overall market supply and demand will be balanced in the short term, and there will be no supply pressure.
3、 Future forecast
DMF analysts from Shengyi Society believe that the downstream DMF market is currently beyond the off-season level, with on-demand procurement as the main focus, smooth market shipments, and remaining inventory pressure. It is expected that the DMF market will operate steadily, moderately, and strongly in the short term.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8037 yuan/ton on June 16th and 8117 yuan/ton on June 20th, an increase of 1.00%. LDPE (2426H) had an average price of 9516 yuan/ton on June 16th and 9933 yuan/ton on June 20th, an increase of 4.38%. HDPE (2426H) had an average price of 7438 yuan/ton on June 16th and 7556 yuan/ton on June 20th, an increase of 1.59%.
Recently, the trend of polyethylene market continues to be strong, with a significant increase in high-pressure prices. Affected by the intensified international geopolitical situation, crude oil prices have strengthened, providing strong support for the polyethylene market on the cost side. In addition, the maintenance of high-voltage product equipment is relatively concentrated, and the supply side is tight, which has led to a significant increase in the price of high-voltage products. Production enterprises and traders have raised their quotations one after another. The demand for agricultural film is in the off-season, with few orders from enterprises, poor demand, and limited transactions; The operating rate of downstream pipe products has declined compared to the previous period. The overall downstream demand for polyethylene is relatively weak, limiting the room for price increases.
Affected by the strong cost of crude oil, but the demand for polyethylene is in the off-season, and the expected upward space is limited.

This week, PET prices have increased. According to the price data from Shengyi Society, as of June 20th, the average selling price of PET (polyester bottle flakes) was 6272 yuan/ton, an increase of 2.7% from the beginning of the week.
In terms of cost, on June 19th, the Iran Israel conflict may spread to other regions in the Middle East, causing supply concerns due to intensified geopolitical tensions. Brent crude oil rose to $78.85 per barrel (+2.80%), PTA rose to $4990 per ton, and strong support from PET raw materials pushed the PET market up accordingly.
In terms of supply, some major factories have plans to reduce production. Leading companies have jointly announced a 20% reduction in production starting from July. Coupled with the fact that Sanfangxiang has already stopped production of 1 million tons and Baihong has been operating for 70% of the long-term, the total production capacity involved is 2.59 million tons (including 4.9 million tons of long-term shutdown equipment). Changes in the supply side have led to tight spot flow in some areas, driving up the price of polyester bottle chips. However, overall, the production of bottle flakes is still operating at a high level and production capacity is increasing. In the long run, supply pressure still exists, but the slight reduction in supply in the short term has had a certain boosting effect on prices.
In terms of demand, although the recovery of downstream demand is weak, and the replenishment of inventory is mostly for small orders of rigid demand, lacking the driving force to chase up prices, the second quarter is the peak season for downstream beverage factories to stock up, and there is a certain degree of rigid demand, which provides certain support for the price of polyester bottle chips and limits the downward space of prices.
Overall, Shengyi Society believes that the core driving force behind the price increase is mainly supply contraction and cost push. In the short term, the price of polyester bottle chips is expected to fluctuate with the cost side.

According to the Commodity Market Analysis System of Shengyi Society, on June 17th, the reference price of cyclohexanone in the domestic Shandong region was 7375 yuan/ton. Compared with June 13th (reference price of cyclohexanone was 6300 yuan/ton), the price increased by 75 yuan/ton. Compared with May 17th (reference price of cyclohexanone was 7575 yuan/ton), the price decreased by 200 yuan/ton, a decrease of 2.64%.
From the commodity market analysis system of Shengyi Society, it can be seen that since mid May, the cyclohexanone market in Shandong has been running weakly for more than a month. Until mid June, the cyclohexanone market finally experienced a recovery, with cyclohexanone factories and suppliers in Shandong region narrowly raising cyclohexanone prices. The overall negotiation focus of the market shifted slightly upward, with a price adjustment range of about 100 yuan/ton. As of June 17th, the cyclohexanone market price in Shandong region was around 7300-7400 yuan/ton.
Fundamental situation
In terms of cost: Currently, the pure benzene market on the cost raw material side is fluctuating and rising, and the support for cyclohexanone from the cost side is gradually increasing. The rise in cyclohexanone market is also mostly supported by the raw material side, which can be described as “rising with the original”.
Supply side: Currently, the overall supply performance of the cyclohexanone market remains relatively stable, with little overall change in the supply side, providing moderate support for the cyclohexanone market.
In terms of demand: Currently, downstream demand for cyclohexanone is mainly based on on-demand procurement, and downstream chemical fiber and solvent markets are cautious in following up on high prices, resulting in weak supply and demand transmission.
Market analysis in the future
At present, the trading atmosphere in the cyclohexanone market is mild, and the mentality of the industry is still good. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market in Shandong will mainly focus on consolidation and operation, and specific changes in supply and demand need to be closely monitored.

1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, this week (6.9-13), the PVC spot market reversed its decline and prices rebounded slightly. As of Friday, the average price of SG-5 PVC carbide method in China was 4950 yuan/ton, an increase of 1.17% during the week.
2、 Market analysis
Supply side: The PVC spot market atmosphere improved this week, reversing the previous decline. Driven by the crude oil and futures markets, the spot market slightly climbed this week. The market performance has improved in terms of supply and demand, and the PVC operating rate has remained stable this week. In the early stage, companies that had reduced their operating costs have taken actions to increase their costs, resulting in a slight increase in operating rates. This is mainly based on the increase in trading volume and the improvement of market sentiment.
In terms of inventory, there has been a temporary increase in transaction volume in the market recently, and social inventory continues to decrease. However, considering the previously large basic inventory, the current spot supply side remains abundant.
On the cost side: The market price of calcium carbide remained stable this week, and the market entered a bottoming stage. According to the monitoring of Business Society, the weekly increase or decrease of calcium carbide was zero. The increase in downstream procurement volume has a certain stimulating effect, and the linkage between upstream and downstream has led to a rebound trend in PVC prices. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4650-4750 yuan/ton.
3、 Future forecast
The PVC analyst from Shengyi Society believes that PVC supply is still sufficient in the short term, and the operating rate of manufacturers this week is generally higher than last week. Although the inventory of enterprises continues to decrease, the process is slow. The rebound of short-term futures market is mainly driven by the improvement of market sentiment and the rise in crude oil prices driven by geopolitical tensions, and the lack of sustained improvement in PVC fundamentals. As downstream procurement returns to rationality, the positive support effect is not significant. We should be cautious about the magnitude of the increase.