Product Name: Pure Benzene
Latest price: On March 10th, the average market price was 9670 yuan/ton. The price has decreased by 19.43% compared to the previous trading day.
Analysis: The market price of pure benzene has significantly decreased today. With the decline in international oil prices, the price of pure benzene in the market has followed suit. Sinopec’s listing price has been lowered by 3000 yuan/ton, with an implementation of 8000 yuan/ton, to be implemented on March 10th. Today, Shandong’s local refining enterprises collectively adjusted their ex factory prices to around 8500-10000 yuan/ton. The international oil price and energy and chemical product prices have plummeted in tandem, and the sentiment in the pure benzene market is currently unstable. It is necessary to pay more attention to the trend of raw materials.

Product Name: Isopropanol
Latest price: The average market price on March 9th was 9366.67 yuan/ton. The price has increased by 34.45% from 6966.66 yuan/ton on March 6th.
Analysis points: The isopropanol market has seen a significant upward trend today. Due to the escalating situation in the Middle East, international oil prices have skyrocketed. The prices of propylene and acetone on the raw material side have risen strongly, and the cost has driven up the price of isopropanol, resulting in a significant increase in quotes from production factories. On the demand side, downstream demand follow-up is weak, the willingness to purchase goods is weak, and high price transactions are cautious. In the short term, the isopropanol market is mainly operating strongly, and more attention should be paid to the trend of the raw material market.

This week (3.2-3.6), polyester bottle chips: unilateral strong rise, cost driven, futures led increase. As of March 6th, according to the price data of Shengyi Society, the mainstream spot average price of polyester bottle chips in East China is 7065 yuan/ton.
core driver
1. Cost side: Absolute dominance, skyrocketing across the entire line
Crude oil: As of March 6th, the main WTI crude oil contract has stabilized at $80 per barrel. This cost hurricane at the source quickly spreads downstream along the industrial chain. As the core raw material of PET, PTA has shown extremely aggressive performance, with the main contract closing at 5918.0 yuan/ton, up 1.41% again from the previous settlement.
Although the nominal price of PET bottle flakes has entered the “7″ mark, production enterprises are in a “passive follow-up” state. Due to the rapid increase in upstream raw material prices, the profit margin of PET bottle processing has been squeezed to the limit.
2. Supply: Low level operation, tight pattern
The production in February was 1.2314 million tons, a decrease of -11.93% compared to the previous month; The capacity utilization rate is around 66.48%.
This week’s load was 68.4%, slightly higher than the previous week but still low; Low inventory of spot goods and limited supply of low-priced goods.
Shipping in the Red Sea/Persian Gulf is obstructed, and exports and logistics are restricted, exacerbating local tensions.
3. Requirement: Prioritize basic needs and cautiously pursue higher ones
The peak season for downstream beverages/packaging has started, and the demand for essential products has stabilized; At high prices, the focus is on digesting inventory and purchasing on demand.
After the mid week surge, downstream resistance increased, and spot prices slightly rebounded on Friday.
Future forecast
Overall, the cost push caused by geopolitical factors is the core driving force behind the current PET bottle price shock of 7000 yuan/ton. As long as there is no substantial cooling of the situation in the Middle East, strong cost support will be difficult to prove.
Clear judgment: In the short term, PET bottle flakes will maintain a high volatility in the range of 7000-7500 yuan/ton.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of domestic grade ammonium sulfate on March 5th was 1328 yuan/ton, an increase of 9.18% compared to the average market price of 1216 yuan/ton on March 1st.
2、 Market analysis
Supply and demand situation
This week, the domestic ammonium sulfate market prices have risen significantly, and the operating rate of ammonium sulfate has slightly adjusted. Due to the Middle East conflict, international urea prices have risen and domestic fertilizer raw material supply is tight, resulting in a continuous increase in ammonium sulfate prices. Downstream actively restocking, the bullish sentiment in the ammonium sulfate market is high, and bidding and transaction prices continue to rise.
market situation
As of March 5th, the mainstream ex factory quotation for coking grade ammonium sulfate in Shandong region is around 1250 yuan/ton. Domestic grade ammonium sulfate, the mainstream ex factory quotation in Shandong region is around 1320-1360 yuan/ton.
3、 Future forecast
An ammonium sulfate analyst from Shengyi Society believes that the recent trend of the ammonium sulfate market has been dominant. The market for ammonium sulfate is strong, and holders are mainly pushing prices. Affected by international factors and high support from urea, it is expected that the domestic ammonium sulfate market prices will continue to operate strongly in the short term.

Since March, the domestic potassium chloride market has continued the previous pattern of tight supply and demand. Supported by multiple factors such as limited domestic potassium supply, highly concentrated imported sources, and concentrated demand for spring plowing fertilizers, prices remain high and firm. Although there may be slight price differences in different regions due to varying demand rhythms, the overall market presents a trend of easy rise but difficult fall.
1、 Price Status:
According to data monitoring from Shengyi Society, the price of potassium chloride continued its upward trend from the end of last month at the beginning of March. As of March 4th, the benchmark price of potassium chloride (imported) was reported at 3700.00 yuan/ton, an increase of 0.91% compared to the beginning of this month (3666.67 yuan/ton). This data confirms that the current market is in a steady upward trend.
From a broader regional market perspective, the strong price characteristics are evident. In the main sales areas of the north, ports such as Yantai Port and Qingdao Port maintain high prices for 62% white potassium; In the southern sales regions, such as Fujian, the supply and marketing system data shows that the retail price of Canadian produced red potassium chloride has reached 3800 yuan/ton, an increase of 2.70% compared to the same period last year. In addition, the China Agricultural Supplies Circulation Association’s China Potassium Chloride Wholesale Price Index (CKPI) also showed that the index continued to rise month on month, reaching 3241.89 points, further verifying the strong performance of the spot market.
2、 Driver factor analysis:
1. Supply side:
The core support of the current market is still on the supply side. Domestically, although production in major production areas such as Qinghai is gradually recovering, it will still take time to fully increase production, and the supply capacity of domestically produced potassium is limited. In terms of imports, although there are goods arriving at ports one after another, the supply of goods is highly concentrated in the hands of large traders, resulting in a relatively tight overall circulation of goods in the market. The structural problem of “explicit inventory increase but implicit circulation tension” has strengthened the bargaining power of the holders.
2. Demand side:
In early March, the nationwide spring plowing and fertilizer preparation has entered a critical peak period. The demand for base fertilizer for wheat greening and subsequent spring crops such as corn and rice is being concentrated, and the operating rate of downstream compound fertilizer factories continues to rise. There is a strong willingness to purchase raw material potassium chloride. This concentrated release of essential needs provides tangible consumer support for the current high prices.
3、 Regional market differences:
Northern region: As the main battlefield for spring plowing fertilizer, the demand is strong, and coupled with the concentration of port sources, prices are relatively firm, and the focus of transactions continues to shift upwards.
Southern region: Demand follow-up is relatively flat, mainly based on on-demand procurement. Although prices are also high, overall they are slightly lower than the northern market.
4、 Future outlook:
Looking ahead to mid to late March, it is expected that the potassium chloride market will maintain the main tone of “high-level stability”. On the one hand, in the context of national reserve regulation and import long order locking, prices do not have the basis for irrational price surges; On the other hand, with the support of tight global supply and domestic demand for spring plowing, there is also little room for significant price decline.
It is expected that the price of potassium chloride will remain firm in the short term, and there may be slight fluctuations in some areas due to changes in supply and demand rhythm, but the overall operating range will remain stable and controllable. Market participants need to pay close attention to the pace of the northern spring plowing fertilizer launch and the arrival speed of new port sources.