In June, the domestic ABS market in China remained stable with some upward trend, and the spot prices of some grades still saw a decent increase. According to the Commodity Market Analysis System of Shengyi Society, as of June 16th, the average price of ABS sample products was 10650 yuan/ton, with a weekly increase or decrease of+0.83% in price level, and an increase or decrease of+0.24% compared to early June.
Fundamental analysis
Supply level: In June, the load of the ABS industry in China remained generally stable, with the overall load level basically maintaining 64% of the first ten days. The weekly average output remains unchanged at around 120000 tons, and the inventory level of aggregation enterprises has been slightly digested, but it is still above 200000 tons, and the on-site supply remains abundant. At the same time, the production capacity of new facilities in Daqing Petrochemical is approaching recently, and coupled with the restart of some enterprises, the supply side support of the industry has been somewhat suppressed. Overall, the long-term loose supply pattern in the ABS market remains unchanged, and the supply side’s support for ABS spot prices is basically flat.
Cost factor: In mid June, the upstream three materials of ABS showed mixed trends, providing average support for the cost side of ABS. In terms of acrylonitrile, the production plans of Zhenhai Refining and Jilin Petrochemical plants have suppressed market sentiment, while the capacity utilization rate of major downstream industries in China has not changed much, resulting in a continued strong market supply and weak demand. The phased demand in southern China has to some extent slowed down the downward trend, and spot prices have stabilized after falling.
In June, the domestic butadiene market in China first rose and then fell, with an overall downward trend. At the beginning of last week, the small upward trend continued, but with lower downstream purchasing intentions and a lack of demand support, the butadiene market began to decline. Recently, with the weak trend of downstream synthetic rubber futures market and equipment maintenance, the market expects weak downstream demand and a lack of downstream support, leading to a decline in the butadiene market.
Recently, the remote raw material crude oil for styrene has rebounded strongly in the short term, and domestic styrene prices have been greatly affected by crude oil, leading to a strengthening trend. Downstream 3S profit recovery, demand is still acceptable. However, the restart of styrene plants in the future is concentrated, and at the same time, the market inventory is high, which may increase the supply pressure. It is expected that the styrene market will fluctuate in the short term.
In terms of demand: In mid June, the load of downstream ABS factories in the ABS terminal sector remained generally flat. The current market is gradually entering the traditional off-season, and terminal enterprises are maintaining a strong demand for supplementary orders. However, recent geopolitical deterioration has pushed up international crude oil prices, and ABS is supported by remote raw materials. At the same time, the China US talks released macro positive news, leading to emotional recovery in the market and driving some short positions to be replenished, resulting in a slight improvement in the flow rate of goods supply. However, the inventory level in the venue is relatively high, the supply continues to be loose, and there is a lot of room for turnover in the venue. Overall, there was limited improvement in demand support for the ABS market in mid June.
Future forecast
The ABS market in China rose in June. Upstream prices of the three materials have fluctuated, while the production load of ABS polymerization plants has remained flat and demand has risen narrowly. Business analysts believe that ABS has been mainly boosted by remote raw materials and macro news in the near future. However, the industry’s strong supply and weak demand pattern has dragged down spot prices for a long time, coupled with the off-season of consumption. It is expected that the ABS market will be limited in the short term.

This week, approaching the weekend, due to the escalation of the situation in the Middle East, international crude oil prices have surged, driving the overall rise of the polyester chain and the PET market to experience a significant increase. According to the price data from Shengyi Society, as of June 13th, the average selling price of PET (polyester bottle flakes) was 6104 yuan/ton, an increase of 2.34% from the beginning of the week.
In terms of cost, international crude oil surged by 10% on June 13th, setting a new high since February and driving the overall rise of the polyester chain. PTA production is mainly based on crude oil, and changes in crude oil prices will indirectly affect the price of bottle chips. The low industry processing fees have given factories a certain willingness to raise prices, which to some extent supports the price of polyester bottle chips. For example, on June 12th, due to the low industry processing fees, the PET market saw a narrow upward adjustment.
On the supply side, the reduction in production by some large factories, coupled with the tight spot circulation in some areas, drove up the PET market price on June 13th. However, overall, the production of bottle flakes is running at a high level and production capacity is increasing. Against the backdrop of loose supply and demand, prices are still under long-term pressure.
In terms of demand, the recovery of downstream demand is weak, and the replenishment of inventory is limited to small orders for essential needs, lacking the driving force to chase up prices, which limits the increase in polyester bottle chip prices. For example, on June 12th, although polyester dual raw materials rebounded during the day, due to the limited increase in downstream demand, the action force in the PET market only slightly increased.
Overall, Shengyi Society believes that the price increase is mainly due to the rise in costs, and the PET market price may continue to adjust narrowly in the short term. The actual trend still needs to pay attention to changes in external news, device changes, and demand recovery in the future.

According to the commodity analysis system of Shengyi Society, since June, the hydrogen peroxide market has improved and prices have fluctuated upwards. On June 1st, the average market price of hydrogen peroxide was 696 yuan/ton. On June 12th, the average market price of hydrogen peroxide will be 703 yuan/ton, with a price increase of 0.96%.
Lido supports the rebound of hydrogen peroxide market
Since June, the demand for terminal printing and papermaking industries has increased, and some manufacturers of hydrogen peroxide have stopped for maintenance, resulting in relatively tight supply and rising prices. As of June 12th, the average price in the domestic market has risen to around 700 yuan/ton, with a price increase of around 10-20 yuan/ton. Market transactions have improved and the market continues to rise.
The hydrogen peroxide analyst from Shengyi Society believes that in late June, the demand for terminal printing and papermaking industry is still acceptable, and the supply of hydrogen peroxide is still tight, with room for further growth in the future market.

According to the Commodity Market Analysis System of Shengyi Society, as of June 11, 2025, the reference price of n-butanol in Shandong Province, China is 6250 yuan/ton, which is basically the same as June 6. Compared with June 1 (reference price of n-butanol is 6400 yuan/ton), the price has decreased by 150 yuan/ton, a decrease of 2.34%.
This week, there was little fluctuation in the n-butanol market in Shandong Province, China, and the market consolidation movement was the main trend. During the week, the quotes for n-butanol from major factories in Shandong remained stable, with limited market adjustments. As of June 6th, the reference price for n-butanol in the domestic Shandong market is around 6200-6300 yuan/ton.
Analysis of Market Factors
On the supply side: Currently, the production of n-butanol in the factory is relatively stable, and many factories are operating at low inventory levels. Although some factory maintenance units were restarted at the beginning of the month, some units are still under maintenance. The supply of n-butanol is limited, and the overall supply pressure can be borne.
In terms of demand: Currently, downstream demand procurement for n-butanol is cautious, with downstream users mainly restocking at low prices, and overall market inquiries are low-end.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the Shandong region is relatively light, and the price of n-butanol is stabilizing and consolidating. The n-butanol data analyst from Shengyi Society predicts that in the short term, the domestic n-butanol market will mainly adjust within a certain range, and specific changes in supply and demand information need to be closely monitored.

According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has been fluctuating at a historical low price recently. As of June 10th, the benchmark price of domestic battery grade lithium carbonate was 60066 yuan/ton, a decrease of 23.77% from 78800 yuan/ton at the beginning of the year and a decrease of 44.15% from 107600 yuan/ton in the same period last year; The benchmark price for domestic industrial grade lithium carbonate trading companies is 58266 yuan/ton, a decrease of 38% from 94000 yuan/ton at the beginning of the year and a decrease of 43.43% from 103000 yuan/ton in the same period last year.
Supply side incremental stability
From the perspective of spodumene: There has been no reduction in production in overseas mines, and many mines have achieved cost optimization. Newly launched mines in China are still in the stage of increasing production, and it is expected that the production of spodumene will continue to grow.
From the perspective of mica: mica prices continue to decline, and domestic lithium mica production capacity is steadily released, coupled with the concentration of imported mineral sources arriving in Hong Kong. It is expected that the supply of mica will also continue to grow.
From the perspective of salt lakes, domestic salt lakes maintain seasonal high production, while overseas projects experience a ramp up in production and a steady increase in import volume.
There has been an increase in demand for exports
The bilateral easing of tariffs between China and the United States has led to a rebound in market sentiment, with exporters voluntarily reducing their inventory. Overall, the performance has been better than expected, providing support for lithium carbonate prices. The energy storage market is improving, and according to the prediction of the Zhongguancun Energy Storage Industry Technology Alliance (CNESA), the cumulative installed capacity of new energy storage in China will grow rapidly from 2024 to 2030. In an ideal scenario, the cumulative installed capacity will reach 313.9GW by 2030, with an average annual compound growth rate of 37.1%; In a conservative scenario, the cumulative installed capacity by 2030 will be 221.2 GW, with an average annual compound growth rate of 30.4%.
The data analyst of Business Society’s lithium carbonate believes that although there is some support on the demand side of lithium carbonate, there is an increase on the supply side, and the overall surplus situation has not changed. It is expected that the short-term price will continue to fluctuate, and specific market changes still need to be monitored.