According to the analysis of the Business Society’s market monitoring system, on February 21st, the domestic market price of silicon metal # 441 was based on 11220 yuan/ton, which was basically the same as February 1st. Compared with January 1st (the market price of silicon metal # 441 was 11690 yuan/ton), the price decreased by 470 yuan/ton, a decrease of 4.02%.

From the market monitoring system of Shengyi Society, it can be seen that this week (2.17-2.21), the domestic spot market for silicon metal # 441 was mainly in consolidation and operation. During the week, the overall volatility of the spot market for silicon metal 441 # was not significant, and the market performance was relatively stable. During the week, other silicon metal grades such as 553, 552, 421 experienced a narrow downward trend in market conditions. As of February 21st, in the East China region of China, the reference price for metal silicon 441 # is around 11100~11300 yuan/ton, in the Kunming region it is around 11300~11500 yuan/ton, in the Huangpu Port region it is around 11100~11300 yuan/ton, and in the Tianjin region it is around 11000~11100 yuan/ton.

Analysis of Market Factors

On the supply side: Currently, although the market price of metal silicon 441 # is temporarily stable, some grades in the metal silicon market have loosened their prices this week, which has a certain impact on the mentality of the market. There is a small-scale destocking in the market, and there is still some pressure on the overall supply side.

In terms of demand: Currently, downstream demand for metallic silicon is mainly driven by rigid procurement, with average on-site transactions and limited market support from the demand side.

Market analysis in the future

At present, the trading atmosphere in the metal silicon market is mild, and the supply and demand transmission is weak and constant. The metal silicon data analyst of Business Society predicts that in the short term, the domestic metal silicon market will mainly adjust and operate in a narrow range, and specific changes in supply and demand news need to be closely monitored.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol rose in mid February. On February 11th, the average price of isopropanol in China was 6570 yuan/ton, and on February 20th, the average price was 6870 yuan/ton, with a price increase of 4.57%.

The market price of isopropanol rose in mid February. The market price of raw material acetone has risen, and the isopropanol market has followed suit. The intention of holders to lower their prices has weakened, and the support for factory costs has become stronger, leading to an increase in offers from manufacturers. The focus of on-site trading continues to rise, and downstream terminal purchasing intentions are average, with cautious actual orders. As of now, most of the isopropanol market prices in Shandong are around 6700-6800 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 6900-7100 yuan/ton.

In terms of raw material acetone, the domestic acetone market price has risen. On February 11th, the average price of acetone was 6292.5 yuan/ton, and on February 20th, the average price was 6550 yuan/ton, with a price increase of 4.09%. At present, the market atmosphere is relatively calm, and trading is deadlocked. It is expected that the acetone market will experience slight fluctuations in the short term.

In terms of propylene, the domestic propylene market has experienced slight fluctuations. On February 11th, the market average was 6878.25 yuan/ton, and on February 12th, the average price was 6858.25 yuan/ton, a decrease of 0.29%. At present, there is no pressure on propylene inventory, and downstream customers are observing and cautious in actual orders. It is expected that propylene will fluctuate and consolidate in the short term.

3、 Future forecast

An isopropanol analyst from Business Society Chemical Branch believes that the mid month rise in acetone prices provides strong cost support. However, the downstream market performance is average, with a focus on wait-and-see and cautious buying. It is expected that the isopropanol market will experience slight fluctuations and consolidation in the short term, with a focus on changes in the raw material market.

1、 Price trend

According to data monitored by Business Society, as of February 18th, the average price of domestic industrial grade high-quality cyclohexane was 7766.67 yuan/ton, and the cyclohexane price remained stable. Currently, the mainstream market price remains at around 7800 yuan/ton.

2、 Market analysis

In terms of cost, there is insufficient support from the upstream cost side and excessive inventory pressure. Currently, there is a boost in some equipment news in the pure benzene market, and short-term consolidation of the pure benzene range in East China.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that due to downstream demand procurement and insufficient cost support, it is expected that the cyclohexane market will remain stable in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of February 18, 2025, the reference price of n-butanol in Shandong Province, China is 7283 yuan/ton. Compared with February 14 (reference price of n-butanol is 7323 yuan/ton), the price has decreased by 40 yuan/ton, a decrease of 0.55%.

Entering this week, the n-butanol market in Shandong, China, has experienced a narrow decline. At the beginning of the week, some n-butanol factories in Shandong province narrowly reduced the price of n-butanol by about 20-50 yuan/ton. As of February 18th, the reference price for n-butanol market in Shandong region is around 7200-7400 yuan/ton.

Analysis of Market Factors

On the demand side: At the beginning of the week, the trading atmosphere in the n-butanol market was light, and the demand inquiry performance was poor. Some n-butanol factories offered discounts for shipments, and downstream users made purchases at low prices. The overall market focus slightly shifted downwards.

On the supply side: Currently, due to cautious demand, some n-butanol factories are facing certain supply pressure on the overall supply side to ensure low inventory levels, and the market support provided by the supply side is limited.

In terms of cost: As we enter this week, the upstream raw material propylene market has experienced a slight decline overall. The support for n-butanol on the cost side has weakened. On February 18th, the reference price of propylene was 6835.75 yuan/ton, a decrease of 0.62% compared to February 14th (6878 yuan/ton).

Market analysis in the future

At present, the atmosphere of on-site negotiations for n-butanol is relatively low, and the mentality of industry players is average. The transmission of supply and demand has slowed down. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly consolidate and operate after a slight decline, and specific changes in supply and demand news need to be closely monitored.

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of February 14th, the reference average price of domestic urea market was 1728 yuan/ton, which is 2.57% higher than the reference average price of 1685 yuan/ton on February 8th.

2、 Market analysis

market conditions

This week, the domestic urea market prices have continued to rise. As of February 14th, the factory price of urea in Shandong region is around 1650-1710 yuan/ton, in Hebei region it is around 1720 yuan/ton, in Henan region it is around 1720 yuan/ton, in Hubei region it is around 1710 yuan/ton, and in Liaoning region it is around 1790 yuan/ton.

Supply and demand situation

This week, the supply of urea in the market has been stable, and the market demand has increased. On the supply side, with the increase in demand this week, the supply of urea in the market has decreased, and some regions are experiencing tight supply. In terms of demand, it is currently the peak season for spring plowing, with an increase in agricultural demand and a positive transaction volume in the urea market.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea market has been operating strongly recently. After the holiday, the trading volume of urea market increased, and the shipment of enterprises was smooth. At present, the market has a strong bullish sentiment and there is some support on the demand side. It is expected that the domestic urea market price will remain stable in the short term, with a focus on the upper middle range.