According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7383 yuan/ton on July 21 and 7450 yuan/ton on July 25, an increase of 0.90%. LDPE (2426H) had an average price of 9383 yuan/ton on July 21st and 9466 yuan/ton on July 25th, an increase of 0.89%. HDPE (2426H) had an average price of 7957 yuan/ton on July 21st and 7975 yuan/ton on July 25th, an increase of 0.22%.
Recently, polyethylene has seen a narrow upward trend. Boosted by favorable macroeconomic policies, polyethylene prices are tentatively rising. In terms of equipment maintenance: According to data statistics, during the period from July 18th to 24th, the polyethylene equipment suffered a maintenance loss of approximately 112000 tons, a decrease of 4900 tons compared to the same period last week. The supply side is abundant. Agricultural film is in the off-season of demand, with poor market order follow-up and low operating rates; The operating rate of the packaging film industry has declined compared to the previous period, and the demand side is suppressing the polyethylene market. The crude oil on the cost side oscillates and lacks support for polyethylene.
Supported by macro policies, the mentality in the market has improved somewhat; But the demand side is not following up smoothly, and it is expected that polyethylene will be mainly adjusted in a narrow range, with limited upward space.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province continued to rise this week (7.21-7.25), with an average market price of 16425 yuan/ton at the beginning of the week and 17225 yuan/ton at the end of the week, an increase of 4.87%.
The magnesium market has shown strong upward momentum. At the beginning of the week, the quotation continued the level of last weekend and started a moderate upward trend. In the middle of the week, the price jumped above 17000 yuan/ton and continued to rise. As the weekend approached, the mainstream transaction price had steadily risen.
Supply and demand side
On the supply side, the spot circulation inventory in the magnesium production process has always been maintained at a low level. Due to tight order schedules, some companies have reluctantly suspended their quotations, and the scarcity of spot resources has become increasingly significant. At the same time, holders of low-priced goods in the market are generally reluctant to sell, which has led to a strong sentiment, causing the market supply and demand situation to quickly shift from the previous loose situation to a tight state, further enhancing the driving force for price increases and driving prices to continue rising.
On the demand side, with the concentrated release of demand for magnesium in industries such as new energy vehicles and two wheeled electric vehicle components, the market demand scale is rapidly expanding. In addition, influenced by the prevalent consumer psychology of “buying up, not buying down” in the market, the purchasing enthusiasm of application end enterprises and traders has been fully ignited, thus forming a strong upward force on magnesium prices from the demand side, injecting momentum into the rise of magnesium prices.
Raw material end
Recently, coal, ferrosilicon, and other essential raw materials for magnesium smelting have seen their prices continue to rise. This trend has directly increased the cost burden of magnesium production, thereby building a stable bottom line for magnesium prices and becoming an important driving force behind the rise in magnesium prices.
comprehensive analysis
Recently, the non-ferrous industry as a whole has shown a significant upward trend, which has had a certain driving effect on the magnesium market. However, as of this week, the core factors behind the rise in magnesium prices still lie in the weak supply and strong demand pattern presented at the supply and demand level, as well as the cost push brought about by the rise in raw material prices. Looking ahead to the future market, it is expected that magnesium prices will maintain a strong and stable trend in the short term.

In July, the domestic phenol market generally declined, but this week there is an overall upward potential of around 20 yuan/ton in the market. According to data monitored by Business Society, the domestic phenol market price was 6600 yuan/ton on July 17th, and 6617 yuan/ton on July 24th, an increase of 0.3% or 17 yuan/ton.
As of July 24th, the listing price of Sinopec East China was executed at 6650 yuan/ton, and the phenol market as a whole showed a trend of first rising and then falling. The operating rate of phenol ketone enterprises remained stable within the week, with Dalian Hengli phenol ketone plant operating at full capacity and Yangzhou Shiyou plant resuming normal operation. Overall, there is sufficient domestic supply.
In terms of ports, the inventory of Jiangyin Port has dropped to 7000 tons. From the perspective of the port, the inventory is low, and there is not much pressure on East China traders to ship. There is an intention to report high prices, but ultimately terminal demand is difficult to support. Exploratory high reports make it difficult to significantly increase actual orders, and there is insufficient upward momentum. Considering the high average price and limited room for traders to make concessions, the probability of a downward trend is not high, and the market is generally observing and increasing.
As of July 24th, the phenol offers in mainstream markets across the country are as follows:
Region /Quotation on the 24th /Zhou’s ups and downs
East China region / 6570./ 20
Shandong region / 6650./ 20
Surrounding areas of Yanshan Mountain / 6670./ 0
South China region / 6620./ 20
The overall demand for bisphenol A needs to be followed up, with limited participation from intermediate traders. Downstream demand for bisphenol A is expected to decline, while other downstream fluctuations are not significant.
Business Society expects that the cost support for phenol will not be strong, and the supply side will continue to pay attention to the shipment of phenol from Zhenhai Refining and Chemical. On the demand side, the overall volume will slightly decline, and terminal demand will remain strong. At the end of the month, the phenol market will mainly maintain range fluctuations.

According to the Commodity Market Analysis System of Shengyi Society, on July 23, the ex factory price of cyclohexanone in Shandong Province, China was based on a reference of 7000 yuan/ton. Compared with July 15 (cyclohexanone price reference of 7075 yuan/ton), the price decreased by 75 yuan/ton, a decrease of 1.06%.
From the commodity market analysis system of Shengyi Society, it can be seen that in late July (7.15-7.23), the domestic cyclohexanone market in Shandong region showed a fluctuating and falling trend. The market price of cyclohexanone in Shandong region has been narrowly reduced by about 50-100 yuan/ton. As of July 23, the domestic cyclohexanone market price in Shandong region is around 6950-7050 yuan/ton.
Fundamental situation
In terms of supply and demand: Currently, the overall supply of cyclohexanone in the field is relatively abundant, and there is some pressure on the supply side. Downstream demand mainly continues to be driven by rigid procurement, and the transmission between supply and demand is weak and constant.
In terms of cost: In the latter half of the year, the volatile market for pure benzene on the cost raw material side still brought certain cost pressure to cyclohexanone. On July 22nd, the reference price of pure benzene was 5858.67 yuan/ton, a decrease of 1.4% compared to July 1st (5942 yuan/ton).
Market analysis in the future
At present, the inquiry atmosphere in the cyclohexanone market is relatively light, and the mentality of the industry is average. The cyclohexanone data analyst from Shengyi Society predicts that in the short term, the domestic cyclohexanone market will mainly adjust and operate within a narrow range, and specific changes in supply and demand information need to be closely monitored.

price trend
According to the bulk ranking data from Shengyi Society, the recent domestic PC market has shown weak consolidation, with some spot prices of certain brands experiencing a narrow decline. As of July 22nd, the benchmark price of Business Society PC hybrid is around 14333.33 yuan/ton, with a price increase or decrease of -0.92% compared to early July.
cause analysis
Supply side: Since mid July, the load of domestic PC aggregation enterprises has stabilized. The interval flat coal Shenma has resumed after a short shutdown, with the industry’s average operating level rising narrowly to 77%, and the weekly average output approaching 65000 tons. The on-site supply is abundant, with high inventory levels remaining stagnant, and the pattern of ample PC supply remains unchanged. After the addition, there is currently no news of maintenance released in the market, and the pressure on shipments has not decreased. The market supply side has poor support for PC prices.
In terms of raw materials: From the above chart, it can be seen that bisphenol A fell and then turned sideways in mid July. Upstream acetone and phenol also fluctuate at low levels, dragging down spot prices. Meanwhile, bisphenol A is also affected by the supply-demand imbalance, with little change in demand and a lack of upward momentum in the market. Overall, the intraday market trend of bisphenol A has weak support for PC costs. However, with PC prices currently at historically low levels, the easing of cost pressures has also given PC some room for maneuver.
On the demand side: Currently, July is the traditional off-season for PC, with downstream factories experiencing lower loads and weak inventory, mainly due to rigid demand, further dragging down the consumer end. Due to the long-term weak market dynamics in the industry, high social inventory, and abundant on-site supply, the supply-demand contradiction within the range has not improved. At present, terminal enterprises are cautious in purchasing new orders, and their trading performance continues to be dominated by contract delivery. Merchants tend to have a wait-and-see attitude, buyers are resistant to high priced goods, and the flow of goods in the market is slow. Overall, the demand side has weak support for PC spot prices.
Future forecast
Recently, the domestic PC market has been consolidating weakly. The upstream bisphenol A market is consolidating at a low level, which provides poor support for the cost value of PC. The upstream concessions have made it difficult for the industry to operate at a high level, and the overall load of domestic PC aggregation plants has remained stable with little increase. The pattern of strong supply remains unchanged, while the downstream demand has obvious characteristics of off-season. At present, it is difficult to see any positive developments in the market, and industry players are adopting a wait-and-see attitude towards the future. However, with low PC prices and limited room for decline, it is expected that the PC market may enter a stalemate in the future.