According to the Commodity Market Analysis System of Shengyi Society, as of December 16, 2025, the reference price of n-butanol in Shandong Province, China is 5650 yuan/ton. Compared with December 11 (reference price of n-butanol is 5783 yuan/ton), the price has decreased by 133 yuan/ton, a decrease of 2.31%.
This week, the market for n-butanol in Shandong has fallen from a high level and is currently operating
From the commodity market analysis system of Shengyi Society, it can be seen that as we enter this week (12.13-12.16), the overall n-butanol market in Shandong, China, shows a weak downward trend. During the week, some n-butanol factories in Shandong have successively lowered their n-butanol shipment prices, with a reduction of about 100-200 yuan/ton. As of December 16th, the reference price for n-butanol in the domestic Shandong region is around 5450-5800 yuan/ton.
Analysis of Market Factors
In terms of demand: As we enter this week, there are signs of gradually weakening downstream demand for n-butanol. Downstream users are mainly digesting early raw materials, and their purchasing enthusiasm has weakened. New order transactions are cautious, and inquiries are mostly maintained at the low end, resulting in loose support on the overall demand side.
On the supply side: Currently, the transmission of n-butanol supply is average, and the on-site inquiry atmosphere is relatively weak. Some factories still have reserved orders, and the overall supply pressure is still controllable. However, the market support for n-butanol has weakened compared to the previous period.
Future forecast
At present, the performance of Shandong n-butanol market is light, with a low trading focus on the market. The n-butanol data analyst from Shengyi Society predicts that in the short term, the market situation of Shandong n-butanol will be weak and stable, and specific changes in supply and demand need to be closely monitored.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated slightly from December 1 to December 15, 2025. On December 1st, the benchmark price of toluene was 5330 yuan/ton, and on December 15th, the benchmark price of toluene was 5250 yuan/ton, a decrease of 1.5%. The domestic toluene market has fluctuated and fallen in this cycle. There is not much change in the supply side, and the overall supply is relatively stable. The demand side still needs to replenish inventory according to demand, and the demand for oil and chemical industries is stable. The aromatic hydrocarbon market has recently weakened, and the spot market has been under pressure with a narrow range of downward fluctuations. Last weekend, spot prices in Shandong region experienced a slight fluctuation and fell, and the market atmosphere was relatively weak.
Cost wise: According to the Commodity Market Analysis System of Shengyi Society, as of December 12th, the settlement price of the January WTI crude oil futures contract in the United States was $57.44 per barrel. The settlement price of Brent crude oil futures for February is $61.12 per barrel. The crude oil price market first fell and then rose in this cycle. At the beginning of this cycle, the regional situation eased slightly, and coupled with the weakening of US demand, the US tariff issue dragged down global economic and demand expectations, resulting in a low international oil price market. In the later stage, OPEC+oil producing countries postponed production increases, and the geopolitical peace agreement was unlikely to be reached. Geopolitical factors led to an upward trend in crude oil prices.
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 December 12th, East China Company quoted 5250 yuan/ton, North China Company quoted 5150-5200 yuan/ton, South China Company quoted 5300-5400 yuan/ton, and Central China Company quoted 5250 yuan/ton.
Demand side:
On December 15th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7200 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. As of December 12th, the closing prices of the para xylene market in Asia were 805-807 US dollars/ton FOB Korea and 830-832 US dollars/ton CFR China.
Market forecast: The overall pressure on the supply side of the toluene market is controllable, but there was a slight fluctuation and decline in spot prices in Shandong over the weekend. Coupled with the lack of substantial bullish factors in the intraday market, the trading atmosphere in the market tends to be cautious. Overall, the prices of toluene and xylene are likely to be under pressure in the short term, but their downward potential is expected to be limited by the support of costs.

According to the Commodity Market Analysis System of Shengyi Society, the domestic PTA market experienced slight fluctuations and a downward trend in December. As of December 14th, the spot price of PTA in East China was 4639 yuan/ton, a decrease of 1.35% from the beginning of the month.
The recent supply side risks of crude oil have not been eliminated, and concerns about reduced crude oil supply due to geopolitical tensions still support oil prices. However, there has been no improvement in crude oil demand, and overall, international oil prices are mainly experiencing weak fluctuations in the short term. As of December 11th, the settlement price of the January WTI crude oil futures contract in the United States was $57.60 per barrel, and the settlement price of the February Brent crude oil futures contract was $61.28 per barrel. After a short shutdown, some PX units were restarted and the oil adjustment atmosphere cooled down, but the subsequent increase in PX unit maintenance has reduced the expected start-up, providing strong bottom support.
In terms of its own supply, PTA currently has no plans to adjust its new facilities. Some of the facilities that were shut down in November have not yet been restarted, such as the 2.2 million ton plant in Yisheng Ningbo that was shut down on November 20th; Dushan Energy’s 2.5 million ton facility will shut down on November 5th; The Zhuhai BP 1.1 million ton plant will be shut down on November 6th. The supply remains stable, and the overall industry operating rate is around 73%.
The downstream polyester factory equipment has not changed much, maintaining a high operating rate of around 86%. Since December, the trading atmosphere in the polyester filament market has been quite quiet, with factory inventory continuing to grow and shipping intentions increasing. The enthusiasm of terminal weaving enterprises for raw material procurement has decreased, and there has been no concentrated large-scale replenishment.
Business analysts believe that as Christmas approaches, a seasonal rebound in demand may provide support for oil prices. Downstream polyester factories may be scheduled for early holidays, and there is an expectation of a decline in weaving start-up rates in the future. At present, the expectation of accumulated inventory is still high, and it is expected that PTA prices will show a fluctuating downward trend.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on December 11th was 1183 yuan/ton, which is stable compared to the average market price of domestic grade ammonium sulfate on December 5th, which was 1183 yuan/ton.
2、 Market analysis
supply and demand situation
This week, the domestic ammonium sulfate market prices have been running steadily. This week, the operating rate of coking grade ammonium sulfate remained stable, while the operating rate of domestic grade ammonium sulfate decreased, resulting in a decrease in market supply. At present, the market demand is flat, and downstream purchasing enthusiasm has weakened. We are mainly cautious and cautious, and new transactions of ammonium sulfate are limited. The export market for ammonium sulfate has not improved, and terminal demand needs to be increased.
market situation
As of December 11th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 970 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1150-1200 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the ammonium sulfate market has been consolidating and operating recently. At present, the transaction atmosphere in the ammonium sulfate market is average, with support from the domestic supply side and downstream on-demand procurement, resulting in weak market demand. It is expected that in the short term, the domestic ammonium sulfate market will mainly consolidate due to weak prices.

1、 Market dynamics
This week, the domestic acrylic acid market has shown a “weak stable consolidation and narrow range oscillation” operating characteristic under the continuous game of slight increase in supply and cautious downstream procurement. As of December 10th, the benchmark price of acrylic acid in Shengyi Society was 6066.67 yuan/ton, a decrease of 0.27% compared to the beginning of this month (6083.33 yuan/ton).
The current ‘weak stability’ pattern is the result of a temporary balance of multiple forces such as supply, demand, and cost.
1. Supply side:
According to market information, the supply of acrylic acid in the market has indeed increased. However, it is worth noting that the current market operating rate may not be at a high level. Holders of goods generally adopt a flexible offer strategy of “following the market”, and their willingness to lower prices in the bottom price area is not strong, which has formed a certain support for the market.
2. Demand side:
Downstream demand is the core constraint factor in the current market. The average performance of orders in the terminal field (such as coatings, adhesives, SAP resins, etc.) has led downstream factories and traders to adopt a cautious and wait-and-see attitude towards the future market. The procurement behavior is strictly based on urgent needs and small orders, lacking the enthusiasm for bulk stocking, and generally having a mentality of price suppression. This “on-demand procurement and bargain hunting” model has resulted in a lack of motivation for price increases and a stagnant market.
3. Cost side:
The price of the main raw material propylene remained relatively stable in early December. As of December 10th, the benchmark price of propylene in Shengyi Society was 6220.75 yuan/ton, an increase of 0.65% compared to the beginning of this month (6180.75 yuan/ton). High costs have made manufacturers strongly willing to raise prices, but in the case of weak demand, cost support is difficult to smoothly transmit downstream, resulting in continuous compression of profit margins.
2、 Short term outlook:
Overall, the acrylic acid market does not have the conditions to break the deadlock in the short term. The market is expected to continue consolidating within the current low range. The price fluctuation range is limited and lacks clear directional guidance. The core contradiction of the market is still the game of “high cost, weak demand”.
3、 Long term trend:
It is worth noting that in the long run, the acrylic acid industry is undergoing structural changes. The massive increase in production capacity will lead to loose supply, and the core of industry competition is shifting from “scale competition” to “technology premium”. Top enterprises with the production capacity of high-end specialty products (such as high-purity electronic grade and medical grade acrylic acid) and cost advantages in the integrated industrial chain will gain stronger competitiveness.