In June 2025, China’s acetone production was 277000 tons, an increase of 2000 tons from May 2025 and a month on month growth of 0.7%. In June, 8 sets of phenol ketone units were shut down for maintenance, resulting in a loss of approximately 50000 tons of acetone. In June, China’s acetone production capacity utilization rate was 79.3%.
In July, the production and operating rate of acetone in China are predicted to be around 307000 tons, with an operating rate of 80%. The production is showing an increasing trend compared to June, and attention should be paid to the operation status of newly added phenol ketone enterprises in China.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the overall price of bromine has increased this month. The average market price at the beginning of the month was 24800 yuan/ton, and the average market price over the weekend was 25100 yuan/ton, with a price increase of 1.21%, which is 9.61% higher than the same period last year. On June 26, the Business Society Bromine Index was 88.07, unchanged from yesterday, a decrease of 64.08% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 49.47% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
This month, the overall price of bromine has been on the rise. Currently, the reference price for bromine spot production in Shandong is 25000-26500 yuan/ton. This month, due to the impact of environmental inspections, the pressure on bromine inventory in enterprises is not significant, and prices are firm. Downstream demand is average, and overall market transactions are relatively light. In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2454.33 yuan/ton at the beginning of the month and 2334.33 yuan/ton at the end of the month, a decrease of 4.89% and an increase of 93.45% compared to the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to rise in the near future, while upstream sulfur prices are expected to remain weak. Bromine supply is expected to remain stable, and downstream purchases will be made as needed. Bromine prices remain relatively stable. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.

According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China rose this week (6.23-6.27), with an average market price of 262080 yuan/ton at the beginning of the week and 269640 yuan/ton at the end of the week, with a weekly increase of 2.88%.
On the supply side, there is also a downward trend. Due to the reduction in tin concentrate supply, smelters have been affected by shutdowns and maintenance, resulting in a corresponding decrease in operating rates. At the same time, smelters that use waste tin as raw material are also facing a shortage of raw materials, resulting in a passive reduction in their production.
On the demand side, after the wave of photovoltaic installation has subsided, the order volume of photovoltaic tin bars in East China has significantly declined, and the operating rates of some manufacturers have also decreased accordingly; In the field of the electronics industry, electronic terminals in southern China have entered a off-season, and tin prices continue to be high. Terminal customers have a strong wait-and-see attitude, and orders are only maintained at a level that meets rigid demand; The demand for tinplate, chemical and other industries remained stable, without any unexpected growth trend.
comprehensive analysis
The current market shows a weak supply-demand situation, but it is worth noting that the overall inventory level is low, especially overseas inventory has dropped to an extremely low level. In addition, recent macroeconomic optimism has dominated, and these factors collectively support the continued strength of tin prices amidst volatility.

The demand for hydrofluoric acid in the market was weak in June, and the price trend declined. The mainstream ex factory price including tax in East China is about 10700-10850 yuan/ton, a decrease of about 650 yuan/ton from last month. According to the analysis system of Shengyi Society, as of June 26th, the benchmark price of hydrofluoric acid in Shengyi Society was 11133.33 yuan/ton, a decrease of -6.31% compared to the beginning of the month (11883.33 yuan/ton).
On the raw material side, the domestic fluorite price trend continued to decline in June. As of June 26th, the benchmark price of fluorite in Shengyi Society was 3243.75 yuan/ton, a decrease of 7.16% compared to the beginning of this month (3493.75 yuan/ton). The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. However, as the temperature rises, northern enterprises gradually start operating, and the supply of fluorite enterprises on site has increased, with sufficient inventory. The price center of fluorite market has decreased, and the cost support of hydrofluoric acid is weak, resulting in a decline in hydrofluoric acid prices in June.
On the demand side: Although the downstream refrigerant market is in the traditional peak season, due to weak terminal demand and low stocking enthusiasm, upstream products are mainly purchased on demand, and there is a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses. The demand for downstream refrigerants is average, and the market price of hydrofluoric acid continues to decline.
Market forecast: The domestic fluorite price trend will continue to decline in June, with weak downstream terminal demand and no favorable supply and demand support, resulting in poor market trading. It is expected that the market price of anhydrous hydrogen fluoride will continue to decline in July, with a downward range of around 500 yuan/ton. More attention should be paid to the news of leading enterprises and market supply and demand situation.

The sharp drop in crude oil has intensified the market’s wait-and-see sentiment, and the acetone market is once again under pressure to decline. The acetone market in East China has been trading at an average price of 5200-5250 yuan/ton since June 24th, with a daily decline of nearly 100 yuan/ton.
From a cost perspective, geopolitical conflicts have eased, crude oil prices have plummeted, raw material pure benzene has weakened, traders have actively reduced their warehouses and shipments, and offers have increased. Main enterprises have lowered their listing prices, resulting in a negative cost outlook; The acetone factory maintains stable listing and quotation. Faced with the further decline of petrochemical industry chain products and downstream demand, the sentiment of entering the market for replenishment has decreased, and the actual transaction volume is limited.
The acetone offers in major mainstream markets across the country on June 24th are as follows:
Regional/June 24th quotation /Daily increase and decrease
East China region / 5200-5250./ -（50-100）
Shandong region / 5450./ -50
Yanshan region / 5450./ -50
South China region / 5350./ -100

From the perspective of Shengyi Society, in the short term, raw materials have a significant impact on the industrial chain, and the market center of gravity is once again deadlocked and declining. After two days of decline, the market may maintain stable operation, and it is expected that the East China market will be between 5200-5250 yuan/ton.