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The market for dimethyl carbonate continues to decline

lubon — Fri, 13 Nov 2026 02:34:44 +0000

In early November, the price center of dimethyl carbonate continued to shift downwards, and in mid November, it accelerated its weakening. As of November 12th, the average price of industrial grade dimethyl carbonate in China was 5233 yuan/ton, a decrease of 10.80% from the beginning of the month. The main reason is the abundant supply combined with weak downstream demand for electrolytes, PC, etc., which weakens the support of loose costs. Short term expectations are mainly weak and volatile, lacking unilateral upward driving force.
Analysis of Market Driving Factors
Cost collapse: International oil prices have fallen, major domestic crude oil contracts have plummeted, and the energy driven sectors have collectively retreated; The prices of upstream raw materials such as methanol and epichlorohydrin have fallen, significantly reducing cost support.
Supply continues to be loose: early maintenance equipment has been restarted one after another, and there is ample supply of goods on site. Some factories have voluntarily offered discounts to ease inventory pressure, strengthening the buyer’s market structure.
The demand side has shown a flat performance: the demand for lithium battery electrolyte solvents has significantly decreased, while traditional downstream products such as polycarbonate (PC) and coatings maintain a rigid procurement model of “on-demand procurement, small orders on demand”, which resists high priced sources and is difficult to digest the increase in spot goods.
Market forecast:
In the short term, the dimethyl carbonate market lacks significant positive support and is expected to continue its weak operation or consolidation trend after a decline.
Difficulty in improving supply and demand: Most factories maintain normal production, while market supply remains high; There has not been a clear signal of increased volume in terminal demand, and actual transactions are still dominated by rigid demand.
Limited cost support: If the raw material market continues to weaken, the bottom of costs will further dynamically move downwards, and the support for finished product prices will be insufficient.
Potential rebound opportunity: The space for deep decline may be limited. If the price falls back to a certain level, export orders may be concentrated or trigger temporary replenishment, which may bring a temporary halt to the decline and slow down the consolidation.

http://www.polyvinylalcohols.com

The polyethylene market is weakening, and the future market is expected to be weak

lubon — Thu, 12 Nov 2026 02:29:25 +0000

LLDPE (7042) had an average price of 10408 yuan/ton on November 4th and 9533 yuan/ton on November 11th, a decrease of 8.41%. The average price of LDPE (2426H) on November 4th was 12900 yuan/ton, and on November 11th it was 11666 yuan/ton, a decrease of 9.56%. On November 4th, the average price of HDPE (5000S) was 11350 yuan/ton, and on November 11th, the average price was 10862 yuan/ton, a decrease of 4.30%.
The maintenance and resumption of production of domestic polyethylene plants are mutually offset, and the overall operating rate has slightly increased, while the supply of domestic goods is steadily released. The import to port volume remains stable, with limited impact from external sources. The petrochemical inventory has shifted from destocking to slight accumulation, and the supplier’s attitude towards price increases has loosened. The spot price quotation follows the market flexibly and offers discounts.
At the end of the peak season for agricultural film, the production of agricultural film remains relatively high, but the growth rate of orders has slowed down, and the driving force for new orders has weakened. Packaging, injection molding, hollowing and other downstream operations are relatively weak, and are generally used and purchased as needed. The marginal support during peak season has weakened, and there is insufficient follow-up of buying orders. Spot transactions are mostly small orders for essential needs, which has limited impact on price growth.
The expectation of geopolitical easing has led to a decline in crude oil prices, and the cost support for oil to PE production has significantly weakened. The fluctuation of oil price expectations and cost side disturbances have become important factors putting pressure on the market, resulting in insufficient short-term support.
Short term polyethylene is mainly experiencing weak fluctuations, and demand support for agricultural film will further decline after the end of the peak season. The rebound of crude oil is limited, and it is difficult to form strong support on the cost side. The space below depends on the terminal replenishment and new maintenance news; Focus on tracking the ending rhythm of winter film and geopolitical variables of crude oil.

http://www.polyvinylalcohols.com

Recently, the PA6 market has shown a rapid downward trend

lubon — Wed, 11 Nov 2026 01:43:46 +0000

The market trend has been rapidly declining in the PA6 spot market in the past week (November 4-10). On November 4th, the average market price of PA6 was 15033.33 yuan/ton, which fell to 13433.33 yuan/ton on November 10th, with a cumulative decline of 10.64% during the week. From the perspective of cycle position, the price has rapidly fallen from its high point within the year; At the technical indicator level, the 10 day moving average has penetrated the 20 day moving average downwards, forming a clear bearish signal, and the price positions of each short cycle have synchronously declined, confirming the downward trend.
influencing factors
The upstream pure benzene price on the cost side has continuously decreased this week, driving down the cost center of caprolactam. The market supply of caprolactam is abundant, and the price has significantly weakened during the week, which has significantly loosened the cost support for PA6 slices. Although some aggregation factories have incurred losses, the lack of rebound momentum on the raw material side makes it difficult to effectively support the slicing price, and the cost side has become an important driving force for this round of decline.
On the supply and demand side, the domestic PA6 polymerization plant has maintained a high level of operation in the early stage, and the market has sufficient spot supply. The accumulated inventory pressure in the early stage is gradually released. Faced with a rapidly declining market, holders of goods have increased their willingness to ship, leading to increased market selling pressure. Some major manufacturers have voluntarily lowered their quotes, further driving down spot prices in negotiations. On the demand side, downstream industries such as spinning, modification, and injection molding have limited capacity to increase production, showing a characteristic of “following up on urgent needs and observing low prices”. The overall number of new orders in the terminal is insufficient, and downstream enterprises maintain a cautious attitude towards the rapidly declining market. They mainly consume their own inventory and replenish it in small quantities according to demand. Their willingness to actively stock up on a large scale is weak, and there is a lack of strong demand acceptance, resulting in overall weak market trading.
Future forecast: The PA6 market is expected to maintain a weak and volatile pattern in the short term. The overall loose pattern of raw material caprolactam is difficult to change temporarily, and coupled with the lack of significant recovery in downstream terminal demand, there is still downward pressure on the market; However, after a rapid pullback this week, some aggregation factories have intensified their losses, and there is a possibility of negative pressure hedging in the later stage, which will provide a certain bottom for prices. The space for sustained deep decline is limited, and the mainstream operating range is expected to be 12900-13800 yuan/ton. The focus is on factory equipment adjustment and downstream autumn and winter order fulfillment.

http://www.polyvinylalcohols.com

The price of mixed xylene under dual pressure of cost and demand has fallen sharply

lubon — Tue, 10 Nov 2026 02:17:26 +0000

From November 2 to November 9, 2026, the domestic mixed xylene market experienced a wide decline, with an average market price of 8783.33 yuan/ton at the beginning of the week on November 2 and 7616.67 yuan/ton on the weekend on November 9, resulting in a cumulative weekly decrease of 13.28%.
This week, the overall weakness of the aromatics sector, fluctuations in the crude oil market, and continued geopolitical news have disrupted market expectations. Crude oil has briefly rebounded slightly, but has not formed sustained upward guidance, and cost support has fluctuated. Driven by the significant decline in toluene, the spot price of mixed xylene continues to loosen, and traders are cautious and lowering their prices accordingly. After the price fell, although there were sporadic downstream restocking on dips, most of them were just small orders for essential needs, lacking concentrated buying opportunities. The price difference between PX and mixed xylene continues to narrow, downstream processing profits are compressed, and purchasing enthusiasm is significantly suppressed. Under the joint drag of cost disturbance and weak demand, the price center of mixed xylene has shifted significantly downward.
Cost aspect: Strong crude oil drives market upward
Mixed xylene belongs to the category of reformed aromatic hydrocarbon products, and its price is strongly correlated with crude oil. This week, crude oil first suppressed and then rebounded slightly, with the overall focus shifting downwards. The boosting effect brought by the periodic rebound of crude oil is relatively weak, making it difficult to offset the negative impact of the previous oil price drop. Crude oil fluctuates rapidly under the influence of geopolitical news, and there is significant divergence in market expectations for forward costs, resulting in a lack of stable support on the cost side. The weakening of crude oil has driven down the expected cost of refining, suppressing the overall valuation of aromatic hydrocarbons. Coupled with the weakening of the toluene market, it further amplifies the downward pressure of mixed xylene, making it difficult to form an effective bottom line on the cost side. As of November 6th, the settlement price of the December contract for WTI crude oil futures in the United States was $90.83 per barrel. The settlement price of Brent crude oil futures for January contract is $98.32 per barrel.
Supply side:
This week, the reforming units of domestic refineries have been running smoothly, and the industry’s operating load has remained at a medium high level. There are currently no centralized large-scale maintenance arrangements, and the production of mixed xylene for domestic commodities has remained stable. The external cargo arrived at the port as planned, and the supply of goods from the main ports in East China was orderly. The port inventory remained at a neutral level, and there was no significant shortage of overall goods. Local spot prices are temporarily tight, which provides a weak support for local quotations. However, the regional price difference differentiation is limited, making it difficult to reverse the overall weak market trend. As the market continues to decline, the pressure on refinery shipments is gradually becoming apparent. Some companies have lowered their ex factory prices to promote transactions, and the supply of circulating goods is sufficient, making it difficult for the supply side to form strong bullish support.
Demand side:
The main bearish constraint this week is that the demand side suppresses the market’s upward trend throughout the entire process. The core consumption areas of mixed xylene are concentrated in three major sectors: PX production, gasoline blending, and industrial coating solvents. Affected by the continuous surge in raw materials this week, downstream enterprises’ processing profits continue to be compressed, and most factories maintain a low profit or even loss state. The willingness to replenish large quantities of centralized inventory has basically disappeared, and procurement only maintains daily necessities. Intermediaries have a cautious mentality and are concerned about the lack of downstream acceptance and accumulation of goods after receiving goods at high levels. They actively hoard goods to chase price increases, and generally adopt a fast in, fast out, and light warehouse turnover model. The demand for goods can only maintain basic transactions without incremental buying, and the activity of spot negotiations is low, which limits the sustained upward momentum of the market.

PX is the main downstream of mixed xylene, and the price difference between PX and mixed xylene has continued to narrow this week. The processing profit of PX equipment has been significantly compressed, and the production profit of enterprises is under pressure. The device is basically maintaining its current load operation, and there is currently no active plan to increase load. Raw material procurement is mainly based on on-demand consumption, only maintaining daily production replenishment. The willingness to actively lock orders and stock up in advance is low, and there is no sustained incremental procurement, which weakens the demand for mixed xylene.
Market forecast:
The short-term domestic mixed xylene market is expected to maintain a weak and volatile pattern. The cost side of crude oil is affected by the geopolitical situation, with strong volatility and uncertainty, and fluctuating support; There is currently no centralized maintenance plan for the refinery on the supply side, and the pace of port to ship operations is stable. The supply of spot goods is relatively loose, and there is no significant contraction in the supply side. In terms of demand, it will take time to repair the price difference in PX processing. The expectation of recovery in oil and solvent terminals is weak, and concentrated buying is difficult to release quickly. The weak price difference pattern is not easy to change in the short term. Overall, the cost disturbance and weak demand game continue, and the upward resistance of mixed xylene is relatively high. The follow-up focus will be on tracking the trend of crude oil prices, changes in port inventory, PX plant start-up, and downstream replenishment rhythm.

http://www.polyvinylalcohols.com

Narrow volatility in TDI market this week (11.2-11.6)

lubon — Mon, 09 Nov 2026 01:38:21 +0000

This week, the TDI market in East China experienced slight fluctuations. As of November 6th, the average market price in East China was 17200 yuan/ton, and on November 2nd, the average price was 17133 yuan/ton, with a weekly increase of 0.39% and a year-on-year increase of 25.85%.
This week, the TDI market saw a slight increase. The supplier’s willingness to raise prices remains unchanged, while the intermediary adjusts prices slightly to ensure shipment. Downstream demand remains high, market trading remains sluggish, and TDI price ranges are adjusted due to supply and demand competition.
Supply side: The TDI plant in Fujian is operating at medium to high loads, and the market supply is relatively stable.
Cost aspect: Recently, the price of toluene has dropped significantly due to the decline in crude oil prices. The market mentality is bearish, coupled with continued weak downstream demand, and the spot market is operating weakly.
In terms of future analysis, data analysts believe that the current TDI market supply and demand remain stable, and without clear guidance, it is expected that the TDI market will experience a weak and volatile trend in the short term.

http://www.polyvinylalcohols.com