This week (April 14-18, 2025), manufacturers will mainly execute preliminary contracts, and the adhesive short fiber market will be organized and operated, with prices remaining stable. The upstream raw material market is not performing well, while the downstream market is holding onto rigid demand procurement in multiple dimensions. The support from both the cost and demand sides is weak, and the release of newly signed orders in the market is limited. Operators mainly execute preliminary contracts, and the market price of adhesive short fibers is stable and organized.
According to the Commodity Market Analysis System of Shengyi Society, as of April 18, 2025, the average market price of viscose staple fiber is 13480 yuan/ton, which is the same as the same period last week.
In terms of cost: The market price of raw material dissolution slurry has not fluctuated much this week, while the prices of auxiliary liquid alkali and sulfuric acid markets have shown a downward trend. The market price of raw materials continues to be weak, and the average production cost of adhesive short fibers has decreased.
Supply and demand: The operating rate of the adhesive short fiber industry remained at around 77.16% this week, and production continued to decrease compared to last week. During the week, the operating load of some adhesive short fiber facilities in Shandong region decreased, and the overall supply of the industry continued to decline. The operating rate of downstream cotton yarn industry has slightly decreased, and prices continue to decline. The demand in the terminal market is still light, and there is a certain degree of risk aversion in the downstream market. The replenishment demand is limited, and the main consumption of raw material inventory is high. The demand side has not shown significant improvement, and downstream enterprises have poor delivery speed during the week. The overall inventory of the adhesive short fiber market still shows an increasing trend.
Future forecast
On the raw material side, the main material dissolution slurry market may remain weak and stagnant, while the auxiliary material liquid alkali and sulfuric acid markets may remain stable with small fluctuations. Therefore, it is expected that the market price of adhesive short fiber raw materials will not change much next week, and the cost support will be relatively weak and stable.
Supply and demand side: There is currently no clear recovery time for the pre parking maintenance equipment, and the industry supply may not fluctuate significantly; There is currently no sign of improvement in demand in the terminal market, and downstream yarn companies may mainly execute preliminary orders, with limited demand for raw material replenishment. Therefore, it is expected that the driving force from the demand side of the adhesive short fiber market will remain weak next week.
Overall, the main raw material dissolution slurry market may continue to maintain a stable trend, and downstream market demand is unlikely to improve. There is a strong wait-and-see atmosphere in the market, and analysts from Business Society predict that the domestic adhesive short fiber market will consolidate next week, with prices expected to be around 13300-13500 yuan/ton.

Market Overview
This week (4.9-4.17), the dichloromethane market in Shandong continued to operate weakly, with a light trading atmosphere and an unstable market focus. Affected by the continuous weakness of the demand side, production enterprises have a strong willingness to ship, and bidding sales have become the mainstream strategy.
According to the monitoring of the commodity market analysis system of Shengyi Society, as of April 17th, the average price of dichloromethane dispersed water in Shandong Province was 2235 yuan/ton, a decrease of 5.1% during the week.
analysis of influencing factors
Supply side: Partial negative reduction, overall supply is still relatively loose
Device dynamics: Some methane chloride units in Shandong have gradually recovered after maintenance, but some enterprises still maintain reduced load operation. The overall operating rate of the industry fluctuates around 75%, and the supply is relatively stable.
Enterprise inventory: Although inventory pressure is not high, due to weak demand, the enterprise still focuses on destocking, and some manufacturers offer small discounts on shipments.
Cost side: Weakening prices of raw materials methanol and liquid chlorine
Methanol: Due to the bearish macro sentiment and weak downstream demand, methanol prices continue to decline. As of April 17th, the spot price of methanol in Shandong was reported at 2450 yuan/ton, with a weekly decline of 1.43%, which weakened the cost support for dichloromethane.
Liquid chlorine: This week, the price of liquid chlorine in Shandong has significantly decreased, further weakening the cost support of dichloromethane.
On the demand side: rigid procurement is the main focus, and market trading is sluggish
Downstream industries (such as refrigerants, pharmaceuticals, pesticide intermediates, etc.) have low purchasing enthusiasm and mainly rely on replenishment for essential needs, resulting in weak market transactions. Traders have a strong wait-and-see attitude, with some low-priced goods circulating, but overall transaction volume is limited.
Future prospects
In the short term, the dichloromethane market will continue to maintain a weak consolidation pattern, with the main influencing factors including:
Supply side: If the enterprise continues to reduce its burden or increase maintenance, or forms a certain support for prices.
Cost side: If the prices of methanol and liquid chlorine continue to decline, the cost support for dichloromethane may continue to loosen.
On the demand side: If there is no significant rebound in downstream demand, the market will still be under pressure.
It is expected that the price of dichloromethane will continue to fluctuate narrowly in the short term, and attention should be paid to the trend of raw materials and changes in enterprise production.

According to the Commodity Market Analysis System of Shengyi Society, as of April 16, 2025, the reference price of n-butanol in Shandong Province, China is 6433 yuan/ton. Compared with April 7 (reference price of n-butanol is 6783 yuan/ton), the price has decreased by 350 yuan/ton, a decrease of 5.16%.
Recently, the overall n-butanol market in Shandong region of China has shown a weak downward trend. Recently, the focus of negotiations on n-butanol in Shandong has been shifting towards lower levels. As of April 16th, the market price of n-butanol in Shandong has been referenced at 6350-6500 yuan/ton, with a price reduction of about 100-300 yuan/ton.
Analysis of Market Factors
In terms of supply and demand: Currently, some maintenance facilities in the n-butanol market have not resumed operation, and the supply pressure in the n-butanol field is still acceptable. The downstream demand performance is average, and users are cautious in following up on new orders, mainly restocking at low prices. Demand transmission is poor, and n-butanol factories offer discounts for shipments, revealing a supply-demand contradiction.
Market analysis in the future
At present, the trading atmosphere in the n-butanol market is light, with insufficient effective support and a strong wait-and-see attitude. Industry players have a poor mentality, and downstream traders are cautious in restocking at low prices. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong Province will mainly adjust and operate weakly, and specific changes in supply and demand news need to be closely monitored.

In the first half of April, the domestic ABS market continued to decline, with most spot prices of various grades decreasing. According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the average price of ABS sample products was 11112.50 yuan/ton, with a price level increase or decrease of -1.22% compared to the beginning of the month.
Fundamental analysis
Supply level: As we enter April, the operating rate of the domestic ABS industry has decreased slightly, and the overall load has decreased by 5% to around 68% compared to the end of March, before stabilizing until mid month. The weekly average production has returned to below 130000 tons, but it is still at a relatively high level. The inventory level of aggregation enterprises is above 190000 tons, standing guard at a high level. In addition, the industry’s short-term maintenance plan is relatively small, and the on-site supply is very abundant. Overall, there has been no improvement in the supply side’s support for ABS spot prices.
Cost factor: In the first half of April, the upstream three materials of ABS showed signs of fatigue, which did not provide good support for the cost side of ABS. At the beginning of the month, some units in the East China and Shandong regions reduced their load or underwent maintenance, resulting in a periodic decrease in supply of acrylonitrile. Partial relief of industry inventory pressure. Thus providing market conditions for price increases. But around mid month, the acrylonitrile unit of Yulong Petrochemical was put into operation and discharged, which hindered the upward trend of the domestic acrylonitrile market. However, there may be a phased weakening trend on the consumer side, and the market as a whole is cautiously observing.
The domestic butadiene market has recently experienced a significant decline. Under the influence of international news such as equivalent tariffs, the crude oil and synthetic rubber futures markets have fallen sharply this cycle, and the cost and demand sides have had a significant impact on the butadiene market, dragging down the mentality of the spot market. The port arrival situation on the supply side is good, but the overall supply of butadiene is relatively loose. Overall, it is expected that stable to weak operations will be the main trend in the short term.
Recently, styrene has also been affected by international news such as equivalent tariffs, and the market has fallen in the first half of the month. On the cost side, pure benzene is experiencing a wide downward trend, while on the demand side, downstream 3S is dragged down by inventory, factories are reducing their burden, and demand side support is weakening. However, recently styrene has gradually entered the peak season for maintenance and supply tightening expectations. As of press time, styrene has stopped falling and stabilized. However, due to cost constraints, the rebound is hindered, and it is expected that there will still be a risk of decline for styrene in the future market.
On the demand side: In the first half of April, the load of ABS downstream factories in the ABS terminal side was generally flat, and the purchasing logic tended to buy at the bottom and supplement orders for urgent needs. The atmosphere of on-site purchasing was more cautious. With the exhaustion of initial demand orders at the beginning of the month, on-site trading has noticeably weakened, and the flow of goods has returned slowly. Overall, the demand side has poor support for the ABS market.
Future forecast
In the first half of April, the domestic ABS market almost fell across the board. The upstream three materials are weakly moving, which provides poor comprehensive support for the cost side of ABS. The load of the ABS polymerization plant remains stable with little fluctuation, and there has been no improvement in demand side consumption. Business analysts believe that although ABS has fallen to near cost price, the market will have strong supply and weak demand in the long term. Under the influence of international news such as equivalent tariffs, there is a heavy emphasis on pessimistic expectations for the future market, and it is difficult to find good news. In the short term, the market still cannot rule out the possibility of further decline.

The price center of the adhesive short fiber market will shift downwards in the first quarter of 2025. According to the Commodity Market Analysis System of Shengyi Society, as of March 31st, the average price of the domestic adhesive short fiber market was 13600 yuan/ton, a decrease of 220 yuan/ton or 1.59% from the beginning of January.
Price trend in the first quarter
At the beginning of the season, although the main raw material dissolution slurry market was running smoothly and the inventory of the adhesive short fiber industry was not high, the demand in the end market was weak, and downstream yarn factories had limited new orders. Negative factors dominated the market, and adhesive short fiber manufacturers lowered their quotations one after another. The new round of order volume in the market remained until February, and subsequent adhesive short fiber manufacturers mainly delivered orders, resulting in a continued weak and stable trend in market prices.
Returning from the Spring Festival holiday, the auxiliary materials sulfuric acid market and liquid alkali market continued to rise in price, with good cost support. Various adhesive short fiber manufacturers increased their delivery speed before the holiday, causing inventory levels to decline to a low level. The supply side performed well, and downstream yarn factories resumed work one after another, with expectations of increased demand for adhesive short fibers. Industry players have a strong sentiment of raising prices, and there has been an increase in high priced goods in the market. After a narrow rise in adhesive short fiber market prices, stable operation has been maintained.
Until mid March, due to the continuous decline of the main raw material dissolution slurry market in the first quarter, the cost side support was weak, and downstream yarn manufacturers had insufficient new orders after the year, slowing down the speed of raw material delivery. The overall inventory level of adhesive short fibers continued to increase, and the actual focus of market negotiations shifted downwards, with weak consolidation as the main trend.
Supply and demand analysis
In the first quarter of 2025, the operating load of adhesive short fiber market facilities in Xinjiang will gradually increase, adhesive short fiber facilities in Shandong will resume full load operation, and a factory in Jiangsu will expand production of adhesive short fiber facilities; However, another adhesive short fiber factory in Jiangsu province stopped for maintenance in late January and the equipment has not yet restarted. At the end of the season, some units in the factory underwent routine maintenance, resulting in a decrease in overall market supply compared to the previous quarter.
In the first quarter of 2025, the demand side of the adhesive short fiber market showed weak performance. At the beginning of the season, the market is in a traditional off-season for demand, and the Spring Festival holiday is approaching. Downstream yarn factories are holding onto their essential needs and signing orders. The on-site stocking volume is as high as the end of February, but it has decreased compared to the same period last year; Returning from the Spring Festival holiday, cotton yarn manufacturers have resumed work one after another, but new orders from the end market are limited, resulting in poor shipments from yarn factories and reduced enthusiasm for purchasing adhesive short fibers. The signing volume in March was not ideal, and the demand side dragged down the market trend.
The increase in industry supply and sustained weak demand have led to a significant increase in overall market inventory.
Minor increase in costs
In the first quarter of 2025, the market price of domestically produced dissolving slurry will decline in a tiered manner, with an average price of 7748 yuan/ton, a month on month decrease of 1.63%; The price center of the liquid alkali market has risen, with an average price of 1044 yuan/ton, a month on month increase of 5.14%; The market price of sulfuric acid has significantly increased, with an average price of 433 yuan/ton, a month on month increase of 18.96%. Overall, the average production cost of viscose staple fiber has slightly increased, and the market price of viscose staple fiber continues to decline. The profitability of the viscose staple fiber industry is not optimistic.
Future forecast
On the cost side, there may be no significant fluctuations in industry supply, and the downstream adhesive short fiber market equipment start-up rate may remain high. However, the increase in inventory may reduce the purchase of raw materials, and the positive support from the demand side is limited. Therefore, it is expected that the dissolution slurry market prices will operate weakly and steadily in the second quarter.
Supply side: Some adhesive short fiber units in Shandong region have maintenance plans in mid April, while a certain adhesive short fiber manufacturer in Jiangsu region has expansion plans. The industry supply has both increased and decreased, and it is expected that there will be little change in market supply in the second quarter.
On the demand side: There is currently no significant increase in orders in the terminal market. In April, the tourist cotton yarn market may maintain the demand for signing orders. May and June are the transition period from the traditional peak season to the off-season, and the demand side is unlikely to improve. Therefore, it is expected that the driving force from the demand side in the adhesive short fiber market will be weak in the next quarter.
Overall, the main raw material dissolution slurry market may have limited support, and the supply of adhesive short fiber market may remain high. There is no sign of improvement in downstream market demand, and industry players lack confidence in the future market. Business Society analysis predicts that the adhesive short fiber market prices will continue to operate weakly in the second quarter, with prices possibly experiencing a slight decline of 100-400 yuan/ton.