1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the overall market for aniline has risen this week. On August 3rd, the market price of aniline was 7550 yuan/ton, and on August 8th, the price was 7775 yuan/ton, with a cycle increase of 2.98% and a decrease of 26.30% compared to the same period last year.
2、 Analysis and Review
This week, Shandong aniline actively pushed up prices. On Monday, with low inventory levels in enterprises, mainstream manufacturers collectively raised prices by 300 yuan/ton, and the mainstream market price rose to 7800-7900 yuan/ton. Subsequently, downstream gas buying fell, trading volume decreased, aniline prices were lowered by 100 yuan/ton, and gas buying recovered to some extent. The market continued to stabilize until the weekend.
Cost wise: Pure benzene has slightly decreased this week. The overall supply has slightly contracted, with both petroleum benzene and hydrogenated benzene decreasing, and there has been no synchronous improvement in demand. The average price at the beginning of the week was 6075 yuan/ton, and the average price over the weekend was 6.56 yuan/ton, with a decrease of 0.31% during the week. The pure benzene market maintains a loose supply situation, with weak fundamentals, which affects the trend of pure benzene.
3、 Future expectations
The current supply and demand of the aniline market are stable, with smooth flow of goods and little inventory pressure. It is expected that the aniline market will maintain consolidation and operation in the short term.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average price of ammonium sulfate in the domestic market on August 7th was 1133 yuan/ton, which is 0.59% lower than the average price of 1140 yuan/ton on August 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market price first fell and then rose, and the operating rate of enterprises remained stable. At the beginning of the week, the trading atmosphere in the ammonium sulfate market was light, with high printing prices. Downstream caution is the main mentality, market transactions are limited, and manufacturers mainly place preliminary orders. Starting from Wednesday, downstream demand has increased, and international urea prices have risen, which is favorable for the ammonium sulfate market. The market price of ammonium sulfate has slightly increased.
market conditions
As of August 7th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1070 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1070-1120 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the market trend of ammonium sulfate has been strong and rising recently. At present, the supply of ammonium sulfate in the market is sufficient, and demand still needs to be released, with limited upward space. It is expected that the short-term domestic ammonium sulfate market will mainly focus on price consolidation and operation.

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market continued to decline in July. As of July 31st, the average quoted price of maleic anhydride was 5862.50 yuan/ton (including tax), a decrease of 6.01% from 6237.50 yuan/ton on July 1st.
On the supply side: In July, the supply of maleic anhydride in the market was relatively sufficient, and the market price of maleic anhydride fell from a low level. Factories implemented a downward trend in prices, and distributors followed suit. Downstream unsaturated resins maintained a strong demand for maleic anhydride, and operations were cautious. The shipment of maleic anhydride in the market was average, and the market situation fluctuated downward. As of August 5th, the factory price of solid anhydride is around 5400 yuan/ton, and the factory price of liquid anhydride is around 4950 yuan/ton.
Upstream: In July, the price of pure benzene in the Shandong region fluctuated and rose. The market price fluctuated and fell in the first half of the year, then rose and fell in the middle, and rose sharply in the second half. On July 1st, the price was 5942 yuan/ton; On July 30th, the price was 6078.67 yuan/ton, an increase of 2.3% from the beginning of the month.
In July, the domestic n-butane market prices fluctuated and rose, with prices in Shandong at around 4830 yuan/ton as of July 31.
Downstream: The weak consolidation of unsaturated resin market in July is the main focus, while the downward trend of upstream styrene and maleic anhydride market has limited cost support for unsaturated resin. Currently, unsaturated resin is in the off-season of consumption, and downstream transactions are average, which has limited support for unsaturated resin and weak market conditions.
Business Society’s maleic anhydride product analyst believes that in August, the main downstream unsaturated resin of maleic anhydride will continue to maintain a strong demand for maleic anhydride procurement; The supply of maleic anhydride market is sufficient, and there is no obvious positive news in the market. It is expected that the maleic anhydride market will continue to maintain a low consolidation in August.

According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and rose from July 28 to August 4, 2025. On July 28th, the benchmark price of toluene was 54900 yuan/ton, and on August 4th, the benchmark price of toluene was 5580 yuan/ton, an increase of 1.64%. This week, the domestic toluene market was dominated by the maintenance of Dongming Petrochemical in Shandong Province and the load reduction of Yulong Petrochemical, which affected the supply within the province. The tight supply boosted mainstream refineries to raise prices one after another. Recently, there has been a shortage of goods arriving at ports in East and South China, and due to tight supply, prices have risen overall this week.
Cost wise: As of August 1st, international crude oil futures closed down, with the settlement price of the September WTI crude oil futures contract in the United States at $67.33 per barrel. The settlement price of Brent crude oil futures for October contract is $69.67 per barrel. The market is concerned that OPEC may increase oil production, coupled with US employment data dragging down the demand outlook.
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 August 4th, East China Company quoted 5500 yuan/ton, North China Company quoted 5500 yuan/ton, South China Company quoted 5750-5800 yuan/ton, and Central China Company quoted 5600 yuan/ton.
Demand side:
On August 4th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 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. The price has been reduced by 250 yuan/ton compared to July 28th. As of August 1st, the closing prices of the xylene market in Asia were $834-836/ton FOB Korea and $859-861/ton CFR China, a decrease of $13/ton from July 25th.
Market forecast: Some devices on the supply side will be put into operation in the near future, while others will undergo maintenance, with little change in the supply side. From the demand side, the overall demand for downstream oil blending and chemical industries is weak, and the demand side is more rigid. Overall, the supply and demand performance is stable but slightly bearish, and it is expected that the toluene market will fluctuate in the short term.

Loose price of ethylene glycol
The price of ethylene glycol has started to loosen this week. According to data from Shengyi Society, as of July 31st, the average price of domestic oil to ethylene glycol was 4436.67 yuan/ton, a decrease of 0.60% from last Friday’s average price of 4463.33 yuan/ton; Compared to the average price of 4396.67 yuan/ton on July 1st, the price of ethylene glycol has increased by 0.91%.
In terms of imported ethylene glycol, on July 31, 2025, the spot contract price of ethylene glycol at the port first strengthened and then weakened with the market, with a trading range of 4480-4490 yuan/ton. The intraday basis slightly strengthened, and this week’s spot contract intraday basis range was+67 to+72. As of the close, the night trading low hanging basis is between+73 and+74.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 3950-4100 yuan/ton.
In terms of external ethylene glycol, as of July 28th, the landed price of ethylene glycol in China is 528 US dollars/ton, and the landed price of ethylene glycol in Southeast Asia is 546 US dollars/ton.
Port inventory remained relatively low in July
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. From May to June 2025, there will be a significant decrease in the inventory of ethylene glycol at the main port in East China. Currently, the inventory of ethylene glycol at the port is relatively low. As of July 28th, the total inventory of ethylene glycol in the East China main port was 456500 tons, a decrease of 85500 tons from the total inventory of ethylene glycol in the East China main port on July 3rd, which was 542000 tons.