Since June, the decline in the domestic styrene market has gradually intensified. On June 1st, the average price of styrene was 8844 yuan/ton, and on June 18th, the average price of styrene was 7940 yuan/ton, a decrease of 10.22% during the period and a year-on-year decrease of 3.52%.
Macro: On June 17th, international crude oil futures closed higher. The settlement price of the July WTI crude oil futures contract in the United States was $76.79 per barrel, an increase of $0.74 or 0.98%. The settlement price of Brent crude oil futures for August was $79.55 per barrel, an increase of $0.59 or 0.75%.
Cost aspect: The raw material pure benzene market fluctuates with the fluctuation of crude oil prices. Currently, the United States and Iran are about to reach a peace agreement, the Strait of Hormuz may be fully opened, and overseas market maintenance facilities have returned, easing the tight supply situation. The domestic supply and demand of pure benzene remain tight and balanced, with weak demand, and a short-term trend is expected.
Supply and demand side: In June, the styrene plant will undergo maintenance and restart simultaneously. Overall, the restart of the plant will be more concentrated in late June, and the supply will increase. The price of styrene has fallen, downstream profits have recovered, but downstream inventory release is slow, and procurement is mainly driven by essential needs, with limited demand pull.
Styrene external market: On June 17th, the closing price of styrene in the Asian region fell by $20/ton, and the FOB closing price in South Korea was $1050-1060/ton. CFR China closing price is 1035-1045 USD/ton.
Market forecast: With a decline in geopolitical premiums and weak fundamentals, it is expected that the styrene market will face difficulties in rising in the short term, and the market will mainly experience weak fluctuations.

As of June 17, 2026, the reference price of n-butanol in Shandong Province, China was 6833 yuan/ton, an increase of 33 yuan or 0.49% compared to June 12 (reference price of n-butanol was 6800 yuan/ton).
1、 Price Trend Review
In mid June, the n-butanol market in Shandong Province first stabilized and then slightly increased. Some n-butanol suppliers in Shandong Province raised the shipment price of n-butanol narrowly by 30-100 yuan/ton. On June 17th, the n-butanol market price in Shandong Province was around 6800-6900 yuan/ton.
2、 Analysis of Core Influencing Factors
In terms of supply and demand: Currently, the supply side of n-butanol is stable, with a slight increase in downstream demand. After downstream users digest raw material inventory, overall demand has rebounded, and the narrow transmission of supply and demand has improved, providing some impetus for the upward trend of the market.
Market mentality: In the first half of the year, the n-butanol market was mostly in the consolidation stage, and there was a sense of expectation for the market to rise. Some operators had a certain reluctance to sell, which helped to push up prices slightly.
3、 Future forecast
At present, the trading atmosphere in the n-butanol market is mild. In the short term, the n-butanol market price will mainly continue to fluctuate within the current market range. It is necessary to pay more attention to whether there is a sustained positive release in the market, downstream actual purchasing follow-up strength, upstream raw material fluctuations, and on-site inventory situation.

market trend
According to monitoring data, the domestic PA66 market price has continued to decline in the past week (June 9-16). On June 9th, the benchmark price of PA66 market was 20866.67 yuan/ton, and on June 15th, the benchmark price fell to 19800.00 yuan/ton, showing a steady downward trend in price. The overall trading atmosphere in the market is light, and transactions are mainly based on small orders for essential needs.
influencing factors
Cost side: Cost support continues to weaken. The market for core raw material adipic acid has been continuously declining, with prices continuing to decline this week, directly lowering the cost of raw materials for PA66 production; At the same time, the new production capacity of hexamethylenediamine was released, the market supply of goods was sufficient, and the price remained stable with a slight decline, further weakening the support of the raw material side. The loosening of the crude oil price center and the lack of obvious benefits in the upstream energy chain, coupled with the fact that PA66 production enterprises still maintain basic processing profits, there is no situation where losses force production cuts. The cost side is difficult to effectively support spot prices, and the downward resistance to prices is relatively small.
Supply and demand side: Overall, there is a pattern of loose supply and weak demand. In terms of supply, the industry’s operating rate remains at a relatively stable level of around 60%. The overall supply of goods in the market is sufficient, and the inventory of production enterprises is gradually accumulating. The pressure to ship has increased, and the phenomenon of traders offering discounts to promote transactions has increased. In terms of demand, the recovery of downstream terminal industries has fallen short of expectations, with weak demand in mainstream application areas such as automobiles and general engineering plastics. Coupled with the current industry entering a traditional off-season, downstream factories are only maintaining rigid replenishment, and their willingness to purchase in large quantities is low. The overall market demand is difficult to boost, which continues to drag down the rise of PA66 market.
technical analysis
According to the commodity market analysis system, the price of PA66 has been continuously weakening since June 1st, with an average difference of -113.33 yuan/ton on June 14th. The average difference has narrowed from negative to widening again, indicating that the PA66 market continues to decline and the rate of decline has expanded again. The price has dropped from 20766.67 yuan/ton at the beginning of the month to 19800 yuan/ton, which is below the annual median.
Future forecast
In the short term, the PA66 market will continue to experience weak fluctuations and a slight downward shift in focus. The overall trend will be dominated by a weak stalemate, and it is difficult for a significant rise or fall to occur. The bottom support of costs will limit the extent of market decline, but the short board on the supply and demand side is difficult to quickly repair, and the weak trend of downstream demand is difficult to reverse in the short term. The expected price range for PA66 in the near future is between 19500-20200 yuan/ton.

1、 Price trend
This week, the price of pure benzene in the Shandong region fluctuated and fell. On Monday, the price of pure benzene was 7650 yuan/ton, and on Friday, the price of pure benzene was 7613.33 yuan/ton, with a decrease of 0.48% during the week.
2、 Market analysis
Pure benzene: The market price of pure benzene in Shandong region fluctuated and fell this week. At present, the latest news is that the US and Iran are close to reaching a framework for the next stage of the agreement, and the market is optimistic about the prospects of the US Iran peace talks. Yesterday, international crude oil futures closed lower, and the confidence in the pure benzene market was average. Today, Shandong’s local refining is mainly focused on stability, while the operation of pure benzene in East China is relatively weak.
Downstream aspects
3、 Future forecast
Crude oil futures: On June 11th, international crude oil futures closed lower. The settlement price of the July WTI crude oil futures contract in the United States was $87.71 per barrel, a decrease of $2.32 or 2.6%. The settlement price of Brent crude oil futures for August was $90.38 per barrel, a decrease of $2.72 or 2.9%.
Foreign pure benzene: On June 11th, FOB Korea rose by 2 to 970 US dollars per ton, and CFR China rose by 4 to 980 US dollars per ton. FOB Rotterdam fell 1 to 1149 US dollars per ton, while FOB USG remained stable at 375 US cents per gallon.
Overall expectation: The short-term pure benzene market is expected to fluctuate within a certain range, with cautious trading. Observe the cost and demand side news. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.

This week, the supply side continued to shrink, with major factories operating at low loads and spot market prices stabilizing. As of June 12th, the mainstream tank discharge price in East China ports has increased by 10200-10300 yuan/ton, unchanged from last week; Short distance delivery to the Shandong market costs 9900-10050 yuan/ton, a decrease of 50 yuan/ton from last week’s low-end price.
Market Overview: The overall market quotation remained stable during the week, with buying orders following up as needed, and the downward trend in prices temporarily suspended. The industry’s capacity utilization rate has once again declined, the supply side continues to shrink, and cost pressure continues to exist. Low price spot resources on the market are gradually being digested, and buying in the spot market is following suit, partly for export demand and partly for low-level replenishment. The sales pressure on suppliers has eased and inventory has decreased, thus stabilizing prices overall. However, the market or temporary bottoming out is the main factor, and the rebound momentum is still insufficient.
Supply side:
During the week, Jilin Petrochemical reduced its load to 80%, and the supply side continued to shrink. According to statistics, the weekly capacity utilization rate of domestic acrylonitrile factories this week (June 5-11) was 66.67%, a decrease of 4.37% compared to the previous cycle; The weekly output is about 77800 tons, which is 0.51 million tons higher than the previous cycle. During the week, the supply decreased again, with both the north and south facilities experiencing a decrease in negative load. At the same time, buying orders followed suit, and some companies’ inventory decreased. According to statistics, as of June 11th, the total inventory was about 46000 tons, an increase of -0.2 million tons from last week.
Demand side:
This week, the capacity utilization rate of major downstream industries has fluctuated, among which the ABS capacity utilization rate was 58.1%, a decrease of -0.9% compared to last week; The capacity utilization rate of acrylic fiber enterprises is 74%, an increase of 13.37% compared to last week; The utilization rate of acrylamide production capacity was 53.28%, an increase of -0.9% compared to last week. Overall, the operating load of the ABS and acrylamide industries has decreased, and the overall downstream demand remains weak.
Cost aspect:
During the week, the raw material propylene fluctuated and fell, while at the same time, the price of acrylonitrile stopped falling, which improved the situation of acrylonitrile production losses. According to statistics, as of June 12th, the market price of propylene in Shandong was 8840-8850 yuan/ton, a decrease of 210 yuan/ton from last week’s 9050-9060 yuan/ton. The average production cost of acrylonitrile was 11156 yuan/ton, a month on month decrease of -1.96%. The average production profit of acrylonitrile during the same period was -905 yuan/ton, a month on month increase of+54 yuan/ton.
In the later forecast, the overall downstream demand is still weak. Recently, except for the acrylic fiber industry, which has shown an improvement in production, other downstream areas such as ABS and acrylamide have continued to decline in production due to sluggish demand. The overall consumption situation is still not optimistic, so the market is mainly experiencing a temporary bottoming out, and the rebound power is still insufficient.