According to the Commodity Market Analysis System of Shengyi Society, the formic acid market has been operating steadily in recent days. As of June 24th, the benchmark price of 85% industrial grade formic acid in China was 2400 yuan/ton, a decrease of 4% from 2500 yuan/ton at the beginning of the month and a decrease of 15.79% from 2855 yuan/ton in the same period last year.
In terms of the market, formic acid holders have stable quotations, downstream essential procurement is the main focus, and the market trading atmosphere is still acceptable. The recent price increase of upstream raw material methanol may provide cost support for formic acid.
From the perspective of the industrial chain within the month, the raw material liquid ammonia has slightly increased, and the mentality of enterprises to raise prices is gradually strengthening. Some large factories have made small adjustments, but the magnitude is very limited, with an increase of 0.73%. The raw material sulfuric acid has increased by 9.76%, and the raw material caustic soda price is weak. Recently, the domestic downstream demand is average, supporting the consolidation of caustic soda prices, with a decrease of 4.75%. Under the influence of the geopolitical situation, the raw material methanol, based on concerns about the expected supply in the market, coupled with the low circulating volume in coastal markets recently, has seen a strong rise in the port methanol market, with a significant increase of 20.88%.
The formic acid data analyst of Shengyi Society believes that the formic acid market operated smoothly in June, and there is support for costs in the later stage, which may remain strong.

Last week (June 16-22, 2025), the market for the main raw material of viscose staple fiber, dissolved pulp, was weak and stagnant, with average cost support. The downstream market mainly executed early orders, with weak replenishment willingness and no improvement in demand. The trading atmosphere in the market was flat, and the viscose staple fiber market was weakly adjusted, resulting in a slight decline in prices.
According to the Commodity Market Analysis System of Shengyi Society, as of June 22, the average market price of viscose staple fiber was 13080 yuan/ton, a decrease of 80 yuan/ton from the same period last week, with a weekly decline of 0.61%.
In terms of cost: Last week (June 16-22, 2025), there was little change in the market price of raw material dissolution slurry, with a weak stalemate. The market prices of auxiliary materials such as liquid alkali and sulfuric acid remained stable with small fluctuations, and the cost support was average.
Supply demand: The operating rate of adhesive short fiber manufacturers’ equipment remained stable within the week, and the industry supply remained stable. The downstream cotton yarn market has a strong wait-and-see atmosphere, with prices being mainly deadlocked. Insufficient orders have been placed in the terminal market, and downstream yarn companies still have a certain amount of raw material inventory. Coupled with high finished product inventory, a small number of orders are mainly signed on demand, resulting in average delivery speed and weak demand without improvement.
Future forecast
Raw material side: The main material dissolution slurry market or weakly stable operation, auxiliary material liquid alkali, sulfuric acid market or overall market remains stable. Therefore, it is expected that the market price trend of adhesive short fiber raw materials will be weak next week, and the cost support will be average.
Supply and demand side: The operating rate of the adhesive short fiber market equipment may not fluctuate significantly, and some manufacturers have high inventory levels. Therefore, it is expected that the supply side support of the adhesive short fiber market will be poor in the short term; Downstream yarn factories mainly consume raw material inventory and have a weak willingness to replenish raw materials. They may maintain rigid procurement, making it difficult for the demand side to improve. Therefore, it is expected that the demand side of the adhesive short fiber market will perform poorly next week.
Overall, the main raw material dissolution slurry market may experience weak consolidation, and downstream yarn market procurement enthusiasm is difficult to improve. The expected trading atmosphere in the market is flat. Business analysts predict that the domestic adhesive short fiber market will remain stable with small movements next week, and prices are expected to be accepted at 12800-13100 yuan/ton.

1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the PVC spot market continued its upward trend from last week and continued to climb this week (June 16-20). As of Friday, the average price of SG-5 PVC carbide method in China was 4677 yuan/ton, an increase of 1.23% during the week.
2、 Market analysis
Supply side: The atmosphere of speculation in the PVC spot market has gradually strengthened this week, and the spot market continues to climb driven by the crude oil and futures markets. The market performance has improved in terms of supply and demand, and the PVC operating rate has remained stable this week. Most enterprises are operating at high loads, and the operating rate has remained at the previous level. This is mainly based on the increase in trading volume and the improvement of market sentiment.
In terms of inventory, the market has maintained a high trading volume recently, and social inventory continues to decrease. However, considering the previously large basic inventory, the current spot supply side remains abundant.
On the cost side: The market price of calcium carbide has slightly decreased this week, and the market has entered a bottoming stage. According to the monitoring of Business Society, the weekly decline of calcium carbide is 0.68%. The increase in downstream procurement volume has a certain stimulating effect, and PVC prices have rebounded.
3、 Future forecast
The PVC analyst from Shengyi Society believes that in the short term, there will be sufficient PVC supply, and the operating rate of manufacturers will remain at a high level. The inventory of enterprises is still generally high, and it needs to be continuously reduced in the later stage. The rebound of short-term futures market is mainly driven by the improvement of market sentiment and the rise in crude oil prices driven by geopolitical tensions, and the lack of sustained improvement in PVC fundamentals. As downstream procurement returns to rationality, the positive support effect is not significant. We should be cautious about the magnitude of the increase.

According to the Commodity Market Analysis System of Shengyi Society, the domestic PP market rose in mid June, with most brand products experiencing price increases. As of June 18th, the mainstream offer price for wire drawing by domestic producers and traders is around 7461.67 yuan/ton, a rise or fall of+0.92% compared to the price level at the beginning of June.
price trend
In terms of raw materials:
In early June, the geopolitical situation in Eastern Europe was tense. Recently, the situation in the Middle East has taken a sharp turn for the worse, increasing the risk of crude oil supply. At the same time, the seasonal increase in fuel demand has boosted the market, resulting in strong price performance. However, domestic propane prices have weakened due to weak expectations from overseas Saudi Arabia, and cost support for PDH manufacturing enterprises has weakened. In terms of propylene, there are some companies with low inventory levels, coupled with downstream consumption following suit and accelerating, resulting in a halt to the decline and rise in prices. Overall, the recent prices of various PP raw materials have risen more or fallen less, which has strengthened the overall support for PP costs.
Supply side:
In mid June, the load of domestic PP enterprises increased narrowly, and the market supply remained abundant. Overall, the current industry’s overall load level has slightly increased by about 1% compared to 78% in the first half of the year. The weekly average total output has risen to 775000 tons, and the total domestic inventory of 785000 tons has been partially absorbed. Although there are maintenance plans for Zhejiang Petrochemical and Zhenhai Refining in the future, the production of Zhenhai Refining’s fourth line on June 19th is imminent, and local supply pressure has increased, basically smoothing out the maintenance benefits. At the same time, including enterprises such as Zhenhai Fourth Line, a total of 1.4 million tons of new production capacity was put into operation this quarter, severely limiting the future supply pattern. Overall, there is still some suppression on the spot price of PP by the supply side.
In terms of demand:
In mid June, the demand side of PP continued to be weak, and on-site trading gradually entered the traditional off-season. Merchants have hardly seen any advance stocking operations, and the on-site situation remains in a state of urgent need, with a focus on on-demand use. In terms of plastic weaving, the consumption level of terminal enterprises is already at the off-season level, and downstream PP enterprises in China are struggling to start production. There is also a certain shrinkage in materials used in construction, agriculture and other fields. On site new orders tend to focus on scattered small orders and contract deliveries, resulting in a return to flat supply liquidity and a further slowdown in PP demand release speed. The recent news of the second round of economic and trade consultations between China and the United States has strengthened the mentality of industry players and stimulated the market to release some of the demand for replenishment. Overall, the performance of the PP demand side in mid June was average.
Future forecast
In mid June, the domestic PP market prices rose. Fundamentally speaking, the prices of upstream raw materials have generally increased, which has strengthened the overall support for PP. Industry inventory has been slightly reduced, but supply has significantly increased. Consumption has entered the off-season level. When the positive news and cost side are intertwined with the negative impact of supply and demand contradictions, it is expected that the PP market will digest the previous gains in the short term and enter a consolidation market. It is recommended to closely monitor the industry supply situation.

price trend
According to the bulk ranking data of Shengyi Society, the domestic PC market has been stable with small fluctuations recently, and some spot prices of certain brands have been raised narrowly at low levels. As of June 17th, the mixed benchmark price of Business Society PC is around 14500 yuan/ton, with a price fluctuation of -0.75% compared to early June.
cause analysis
On the supply side: In mid June, the load of domestic PC aggregation enterprises continued to rebound. The average operating level of the industry has increased by 3% to 85% compared to the first ten days, and the weekly average production has increased to over 68000 tons. In the future, there will be a technical upgrade task for the equipment in the latter half of the year, and it is expected to be shut down for one month. However, the production loss is limited, and there have been few recent arrangements to reduce negative loads. In addition, PC inventory has remained high for a long time, and the on-site supply is very abundant. Manufacturers and midstream inventory levels remain high, with no reduction in shipping pressure, and there has been no improvement in the market supply side’s support for PC prices.
In terms of raw materials, it can be seen from the above chart that bisphenol A continued its weak trend in mid June. Although the strong upstream crude oil market in the far end has driven the recovery of PC direct raw materials acetone and phenol, the transmission of positive news to PC still needs a process. On the other hand, due to the increased workload of the PC industry in the early stage, the on-site supply of goods has increased. However, downstream demand is sluggish. Overall, the supply-demand imbalance of bisphenol A remains unchanged, and its support for PC costs continues to weaken.
On the demand side: With the gradual warming of the domestic climate, the downstream factories of PC are experiencing a decrease in load, and stocking is mainly due to weak demand, gradually entering the traditional off-season for consumption, further dragging down the PC consumer end. Due to the long-term weak market dynamics in the industry, high social inventory, and abundant supply of goods in the market, the supply-demand contradiction in mid June did not improve, but rather showed a profound impact. 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
In June, the domestic PC market in China was consolidating at a low level. The upstream bisphenol A market continues to decline, providing poor support for the cost value of PC. The load of domestic PC aggregation plants continues to rise, and the pattern of strong supply is even more severe. However, downstream demand is at a low season level, and industry players remain pessimistic about the future market. At the same time, the industry’s inventory is high, and the seller camp is willing to sell and sell at a discount. At present, the market is only favorable in the upstream sector, and it is expected that the PC market will continue to consolidate weakly in the future.