According to the Commodity Market Analysis System of Shengyi Society, on April 23rd, the price of acetic acid, Xiaoaoting, was at an average market price of 2800 yuan/ton, a decrease of 30 yuan/ton from yesterday’s price, a decrease of 1.06%, and a decrease of 0.36% compared to the beginning of the month.
The domestic acetic acid market is running weakly, and market prices in various regions have been partially lowered. The load of Yanzhou mining equipment on the supply side has increased, the utilization rate of acetic acid production capacity has increased, and the downstream market enthusiasm is not high. A small amount of follow-up is mainly based on demand, and the company’s shipments are poor. The market mentality is bearish, and the price trend of acetic acid has been lowered.
On April 23rd, the market prices of acetic acid in various regions are as follows:
Region/ On April 22nd/ On April 23rd/ rise and fall
South China region/ 2675 yuan/ton/ 2675 yuan/ton/ 0
North China region/ 2765 yuan/ton/ 2725 yuan/ton/ -40
Shandong region/ 2780 yuan/ton/ 2750 yuan/ton/ -30
Jiangsu region/ 2555 yuan/ton/ 2555 yuan/ton/ 0
Zhejiang region/ 2765 yuan/ton/ 2765 yuan/ton/ 0
The upstream raw material methanol price trend is relatively strong and has been raised. On April 23rd, the average price in the domestic market was 2430 yuan/ton, an increase of 1.67% compared to yesterday’s price of 2390 yuan/ton. The methanol plant on the supply side has been shut down, and the market supply is somewhat tight. At the same time, the inventory of enterprises is low, and downstream demand is still acceptable. The market trading atmosphere is good, and the methanol market is relatively strong and stable.
On April 23rd, the downstream acetic anhydride market remained stable, with an average ex factory price of 4750 yuan/ton, unchanged from yesterday’s price. The upstream acetic acid market has declined, and the cost support for acetic anhydride has weakened. Downstream market entry has followed suit as needed, and market trading has remained stable. The acetic anhydride market is operating in a wait-and-see manner.
Market forecast: Business Society’s acetic acid analyst believes that the increase in domestic acetic acid plant construction will increase the pressure on on-site supply, and downstream demand will follow suit, which will limit support for acetic acid and lack market benefits. It is expected that the acetic acid market will weaken and consolidate, and attention will be paid to downstream follow-up in the future.

1、 Price trend
According to data monitored by Shengyi Society, as of April 22, the average quotation price of domestic high-quality DMF enterprises was 4220 yuan/ton. Currently, the DMF market price is mainly stable, and the price is mainly stable.
2、 Market analysis
DMF prices are running steadily, and currently the downstream demand for DMF procurement atmosphere is average. The reference price for spot delivery of DMF in South China is 4600-4700 yuan/ton in Guangzhou, and the reference price for bulk delivery of DMF in East China is 4500-4600 yuan/ton in Jiangsu and 4550-4650 yuan/ton in Zhejiang.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market is expected to remain stable in the short term, and there is insufficient upward momentum for DMF in the short term.

The price of ethylene glycol fell in March
The price of ethylene glycol will decrease in April 2025. According to data from Shengyi Society, as of April 18th, the average price of domestic oil to ethylene glycol was 4353.13 yuan/ton, a decrease of 4.78% from the average price of 4571.67 yuan/ton on April 1st.
On April 18, 2025, Zhangjiagang ethylene glycol spot contracts were mainly purchased at low hanging prices, with average trading. This week’s contract transaction price range is 4146-4185 yuan/ton (excluding collective transactions). This week’s spot contract basis quotation is+51 to+55, April’s spot contract basis quotation is+60 to+65, and May’s spot contract basis quotation is+68 to+75.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 3960-4100 yuan/ton.
In terms of external ethylene glycol, as of April 17th, the landed price of ethylene glycol in China was 481 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia was 510 US dollars/ton. The price of external ethylene glycol has dropped significantly compared to the beginning of the month.
Port inventory fluctuated horizontally in April
From January to mid February, there was a significant accumulation of ethylene glycol inventory in the port, and from March to April, the port inventory fluctuated horizontally. On April 17, 2025, the total inventory of ethylene glycol in the main port of East China was 706700 tons, an increase of 34800 tons compared to the total inventory of 671900 tons on March 31; The total inventory as of December 30, 2024 was 397300 tons, an increase of 309400 tons.
The main reasons for the weak downward trend of ethylene glycol in April are as follows:
1. The cost side has significantly decreased. Both coal to ethylene glycol and petroleum to ethylene glycol have experienced significant declines in the prices of raw materials such as coal and crude oil. The benefits of oil to ethylene glycol have improved significantly, but the cost support is no longer available.
2. On the demand side, under the high production of downstream polyester, the demand increase is limited, and the terminal expectations are weak, resulting in negative feedback on the expected raw material ethylene glycol. With the passage of time, negative feedback may become increasingly apparent, especially for downstream filament after the 90 day exemption period. With the expectation of questionable overseas orders and weak domestic orders, downstream polyester production rates may actually decline.
From March to April, due to the decline in raw material prices, coal to ethylene glycol production was boosted by profits, resulting in unexpected spring inspections and delayed maintenance of some parts. The parking and landing of domestic facilities did not meet expectations.
In April, the port arrival volume was relatively large, and the import supply was also sufficient. Overseas ethylene glycol prices fell significantly due to international crude oil factors.

1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market fluctuated within a range this week (4.14-18), and the price performance was weak. As of Friday, the average price of SG-5 PVC carbide method in China was 4785 yuan/ton, with a price drop of 0.48% during the week.
2、 Market analysis
This week, PVC’s weak consolidation was the main focus, with some manufacturers lowering their prices by around 50 yuan/ton during the week. The main reason is the lack of favorable fundamentals, resulting in weak performance of crude oil prices and a volatile decline in the futures market. PVC prices continue to show a weak trend, with a slight downward shift in the overall range. From the perspective of supply and demand fundamentals, the spot PVC market has shown loose supply and demand, and most manufacturers are operating stably. The supply pressure has not changed much, dealers’ offers are generally weak, downstream demand performance is insufficient, downstream procurement is mainly based on spot prices, inquiry and procurement enthusiasm is not high, and the market atmosphere is sluggish. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electrical aggregate in China is mostly around 4750-4880 yuan/ton.
In terms of upstream calcium carbide, the performance of the calcium carbide market was sluggish this week, with weak price increases and price stabilization. According to the commodity analysis system of Shengyi Society, the price fluctuation this week was 0. The price is still relatively low, with limited support for PVC.
3、 Future forecast
The PVC analyst from Shengyi Society believes that the sluggish performance of the PVC spot market is mainly due to insufficient downstream operating rates, average demand, and difficulty in improving the supply-demand pattern in the short term. It is expected that PVC prices will continue to maintain a range adjustment pattern next week.

According to the commodity analysis system of Shengyi Society, the hydrogen peroxide market remained weak and stabilized in the first half of April. On April 1st, the average market price of hydrogen peroxide was 690 yuan/ton. On April 17th, the average market price of hydrogen peroxide will be 683 yuan/ton, a decrease of 0.97% in price.
Negative led hydrogen peroxide market remains weak and stable
In the first half of April, the terminal demand in the printing and papermaking industry was sluggish, and some domestic hydrogen peroxide manufacturers shut down for maintenance to alleviate supply pressure. The price of hydrogen peroxide continued to operate weakly, and the average price in the domestic market fell to around 680 yuan/ton. After the price decline, it tended to stabilize. The hydrogen peroxide market continues to decline, with poor market transactions and mainly weak market fluctuations.
Business Society’s hydrogen peroxide analyst believes that in late April, the demand for terminal printing and papermaking industry will still be weak, and the future market for hydrogen peroxide will continue to weaken.