Last week, the price of epichlorohydrin has risen to a high level, and the tight supply situation has not been significantly alleviated. At present, there is a strong wait-and-see sentiment in the downstream market, and the epichlorohydrin market has been running steadily this week. According to the monitoring and analysis system of Shengyi Society, as of July 11th, the benchmark price of Shengyi Society’s epichlorohydrin was 10300 yuan/ton, an increase of 5.1% compared to July 1st.
Price influencing factors:
Raw material side: The raw material propylene market is operating steadily, while the glycerol market continues to rise due to external market prices and tight supply. According to the market analysis system of Shengyi Society, as of July 10th, the benchmark price of propylene in Shengyi Society was 6575.75 yuan/ton, a decrease of 2.16% compared to the beginning of this month (6720.75 yuan/ton).
Supply side: This week, the spot market for epoxy chloropropane is slightly tight, and some companies have insufficient production. It is understood that parking will be conducted within the week in Jiangxi, and the restart time will be notified separately; Some devices are still parked for a long time. At present, the domestic industry’s capacity utilization rate is around 50%. It is difficult to find low-priced goods in the market, but the trading atmosphere is still acceptable. It is expected that the price of epichlorohydrin will remain stable in the short term.
On the demand side: Due to high cost pressure, some companies in the downstream epoxy resin market have seen price increases, but the enthusiasm for terminal inquiries is average, and the market performance is cautious and wait-and-see. Small orders for essential needs are the main focus, and the fluctuation of the trading center is limited.
Market forecast: Analysts from Shengyi Society believe that the high cost side glycerol price supports the tight spot supply in the market, and low-priced sources are difficult to find. The trading atmosphere is still acceptable. It is expected that the market price of epichlorohydrin will remain stable in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of light soda ash fell on July 9th, with a market average price of 1174 yuan/ton, a decrease of 84 yuan/ton compared to the beginning of the month price of 1258 yuan/ton, a decrease of 6.68%.
2、 Market analysis
The soda ash market continued to decline in early July. On the demand side, downstream consumption is slow during the off-season, with low enthusiasm for entering the market and insufficient support for soda ash; On the supply side, although some soda ash plants have been adjusted, the fundamental supply is still sufficient. Soda ash manufacturers have high inventory and strong shipping intentions, but the market supply is strong and demand is weak. The mentality of operators is bearish, and the focus of soda ash transactions continues to shift downwards.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market saw a narrow upward trend in early July, with an average market price of 14.03 yuan/square meter on the 9th, an increase of 1.30% from the beginning of the month. Some production lines in the glass market have undergone cold repairs, resulting in a decline in output. Downstream demand has followed suit, and the trading atmosphere in the market is still acceptable. The market has slightly reduced inventory, and glass prices have been adjusted upwards.
Future forecast: Currently, the domestic soda ash spot market is sluggish, and enterprise inventory pressure is high. Although the downstream glass market has slightly increased, the intention to replenish is not high, and the demand for soda ash is limited. The supply and demand game in the market is expected, and the soda ash market is expected to operate weakly and steadily, depending on downstream market demand.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and fell from June 30 to July 7, 2025. On June 30th, the benchmark price of toluene was 6070 yuan/ton, and on July 7th, the benchmark price of toluene was 5660 yuan/ton, a decrease of 6.75%. The toluene market has fluctuated downward this cycle, and the focus of negotiations has fallen. The mainstream refineries in Shandong continued to lower their ex factory prices in the later part of the week. As the price difference with xylene narrowed, some oil blending companies were attracted to enter the market for procurement. The overall shipment situation in Shandong was good, but the market price declined significantly. Trading in the East and South China regions has been relatively quiet this week, with downstream market entry not being active. On exchange quotes have generally decreased, lacking demand support, and spot market prices continue to decline.
Cost wise: The international crude oil market has fluctuated and risen this cycle. As of July 4th, the US WTI crude oil futures were closed for the Independence Day holiday, and the September Brent crude oil futures contract settlement price was $68.30 per barrel.
Supply side:
Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of July 7th, East China Company quoted 5600 yuan/ton, North China Company quoted 5600 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5800 yuan/ton.
Demand side:
On July 7th, Sinopec Sales Company temporarily stabilized the price of xylene, with a current price of 7250 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably and sales are normal. Reduced by 50 yuan/ton compared to June 30th. As of July 4th, the closing prices of the xylene market in Asia were $815-817/ton FOB Korea and $840-842/ton CFR China, a decrease of $26/ton from June 27th.
Market forecast: The recent trend of crude oil is volatile, with significant fluctuations and insufficient guidance for the market. The overall supply side is relatively stable, and some parts of East China are slightly tight due to the impact of shipping schedules, which provides some support for the market. However, the overall performance of the demand side is weak, making it difficult for the toluene market to pick up and maintain a weak trend.

According to the monitoring of the commodity market analysis system of Shengyi Society, the price of activated carbon at the beginning of the week was 12533 yuan/ton, and the price of activated carbon at the end of the week was 12633/ton, with a price increase of 0.80%.
Most domestic activated carbon manufacturers have stable quotes this week, with some rising. The ex factory price of activated carbon for coconut shell water purification in East China is between 9000-13000 yuan/ton, and the rise in raw material prices supports the price of coconut shell activated carbon. With the tightening of global environmental policies, the demand for coconut shell activated carbon in water treatment, air purification, food and medicine fields continues to grow.
Internationally, Southeast Asia, as the main source of coconut shells in the world, will encounter multiple natural disasters in 2024. Thailand will experience a reduction in coconut production due to drought and pest infestations. In the short term, the import price of coconut shell charcoal will continue to operate at a high level. In June 2025, the import price of coconut shell carbonized material specifications, including taxes, has exceeded the 8000 yuan/ton mark.
Prediction: The demand for activated carbon market is growing, and it is expected that the price of activated carbon will mainly fluctuate with a strong trend in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the average production price of ethyl acetate was 5450.00 yuan/ton, a decrease of 6.67 yuan/ton compared to the beginning of the month price of 5456.67 yuan/ton, with an overall decline of 0.12%. The main reason for the weak downstream demand, average shipments from enterprises, and weak raw material support, coupled with a lack of market benefits, is the weak price of ethyl acetate.
Market analysis: This month, the ethyl acetate market has been fluctuating. At the beginning of the month, the price of ethyl acetate showed a weak downward trend, with raw material prices falling and the cost side being bearish, resulting in a downward pressure on ethyl acetate; Afterwards, there was an increase in downstream follow-up, and the company’s shipments were smooth. In addition, the profit of ethyl acetate increased, and the market transaction focus shifted towards a strong upward trend; At the end of the month, the upstream market fell again, leading to a bearish sentiment in the ethyl acetate market. Downstream inquiries weakened, and the price of ethyl acetate continued to decline.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of June 30th, the price was 2520 yuan/ton, a decrease of 6.67% compared to the acetic acid price of 2700 yuan/ton at the beginning of the month. The price of acetic acid continues to decline, and the cost support for ethyl acetate is weak. Downstream supply consumption is average, and acetic acid companies have limited shipments, resulting in a downward shift in market transaction focus.
Looking at the future market, the ethyl acetate market is currently running weakly, with downstream companies adopting a wait-and-see attitude and low enthusiasm for entering the market. Actual market transactions are weak, and enterprise inventory is accumulating, resulting in significant sales pressure. It is expected that the price of ethyl acetate will run weakly in the future, with specific attention paid to changes in supplier equipment and downstream follow-up.