price trend
In the past week (March 18-24, 2026), the domestic PA6 market has shown an overall high-level stalemate and narrow range oscillation trend, with a slight increase in the price center and no significant unilateral rise or fall. The overall situation is in a game pattern of strong cost support and insufficient demand follow-up. The market’s low-priced supply is gradually decreasing, and the transaction of high priced supply is hindered. Manufacturers’ offers are relatively firm, and downstream procurement enthusiasm is weak. Transactions are mainly based on small orders for essential needs, while large orders have limited volume. The trading atmosphere is relatively light, and the overall market trend is completely dominated by cost transmission and supply-demand game. On March 24th, the benchmark price of PA6 in Shengyi Society was 14166.67 yuan/ton, an increase of about 0.95% compared to 14033.33 yuan/ton on March 18th.
influencing factors
In terms of cost:
Recently, international oil prices have fluctuated, and pure benzene prices have remained stable at high levels. Sinopec’s weekly closing price of caprolactam has remained high. Although the month on month increase has narrowed, it is still in the high range, directly pushing up the raw material procurement costs of PA6 polymerization enterprises and consolidating the bottom support for PA6 prices. According to the price monitoring of Shengyi Society, the benchmark price of caprolactam has risen from 12332.50 yuan/ton to 12577.50 yuan/ton in the past week, with a weekly increase of about 1.99%.
Supply side:
In the past week, the supply of PA6 industry has slightly increased compared to the previous period. The polymerization units that were previously repaired have gradually resumed production, and some new production capacity has been slightly released. The supply of spot production capacity in the industry has steadily increased. There is currently no large-scale centralized maintenance plan for mainstream production enterprises, and inventory pressure is gradually accumulating slightly. Manufacturers’ willingness to ship has moderately increased.
In terms of demand:
In terms of downstream terminals, the textile and chemical fiber industry has fully resumed work, and the operating rate has steadily rebounded. However, the acceptance of the current high PA6 price is low, and there is a strong wait-and-see attitude. Generally, the practice of hoarding goods in advance is abandoned, and a conservative procurement strategy of on-demand procurement and small order replenishment is adopted. Only basic production needs are maintained, and there is no centralized replenishment or bulk procurement action.
Market forecast:
In the short term, the PA6 market is likely to maintain a high level of narrow range oscillation and weak consolidation trend, with the core logic of cost support and demand suppression. It is difficult for prices to experience significant unilateral fluctuations in the short term, and overall stability is the main trend with slight fluctuations. Pay close attention to the price changes of caprolactam raw materials and the downstream demand follow-up situation, and the cost side trend will become the core variable that dominates the short-term market.

In March 2026, the domestic butadiene rubber market emerged from a wide range of independent fluctuations and significant surges, breaking the previous consolidation pattern. The price center of gravity shifted significantly during the month, mainly driven by the strong pull of the cost side and the expectation of tight supply. Downstream demand follow-up was cautious, showing an overall operating characteristic of “cost bottoming out, supply reluctance to sell, and rigid demand follow-up”.
According to the Commodity Market Analysis System of Shengyi Society, as of March 24th, the market price of butadiene rubber in East China was 17420 yuan/ton, an increase of 33.90% from 13010 yuan/ton at the beginning of the month. Enterprises have significantly increased their supply prices one after another, and market merchants’ offers have followed suit.
The turbulent geopolitical situation in the Middle East has led to a rise in international crude oil prices, with tight supply of butadiene and a significant increase in prices, supported by the strong cost of butadiene rubber. According to the Commodity Market Analysis System of Shengyi Society, as of March 24th, the price of butadiene was 16766 yuan/ton, an increase of 67.78% from 9993 yuan/ton at the beginning of the month.
The geopolitical situation in the Middle East has led to a rise in international crude oil prices, causing a tight supply of butadiene and a significant increase in prices. As a result, butadiene rubber production enterprises have suffered deep losses and are forced to engage in load reduction and shutdown operations. The overall capacity utilization rate of the industry has significantly declined, and some companies still plan to conduct centralized maintenance in April.
Supply and demand side: Since March, downstream tire production has gradually increased, providing essential support for the Shunding rubber market. As of March 19th, the construction of semi steel tires by domestic tire companies has reached around 7.8%; The construction of all steel tires by tire enterprises in Shandong region has reached about 70%.
Overall, in the short term, the market for butadiene rubber is expected to maintain a pattern of high volatility and strong strength. The core support is still the high cost of butadiene and the supply tightening pressure brought by equipment maintenance. If the geopolitical situation continues to be tense, it is difficult for raw material prices to have a significant decline; But high prices will further suppress downstream demand, and weak transactions will constrain upward potential, with prices likely to fluctuate at high levels.

price trend
According to the bulk ranking data from Shengyi Society, the domestic PC market has been rapidly rising in recent times, with most brands experiencing significant increases in spot prices. As of March 23rd, the mixed benchmark price of Business Society PC is around 16110 yuan/ton, with a price level increase or decrease of 23.67% compared to the beginning of the month.
Root cause analysis
On the supply side: In mid March, the overall load of domestic PC aggregation enterprises remained stable with small fluctuations. In the early stage, there was a sudden halt and return of the Jiangning single track due to strong winds; The overall average operating rate of the industry has dropped to around 86%, with an average weekly output of over 70000 tons. Although there is some accumulation of social inventory, there is still significant room for supply contraction in the future due to maintenance plans between Cangzhou Dahua and Cohen Chuang in early April. Overall, the supply side’s support for PC is still acceptable.
In terms of raw materials, it can be seen from the above chart that the domestic bisphenol A market has been consolidating after the recent rise. Affected by the severe fluctuations in international crude oil, the prices of phenol and acetone fluctuate at the same frequency. Subsequently, it will drive the domestic spot price of bisphenol A. At the same time, the supply increment of bisphenol A in the early stage was limited, and recently crude oil has continued to rise, indicating that there is still room for upward movement of bisphenol A in the future market. There is a positive trend in supporting the cost value of PC.
On the demand side: The improvement in profitability of terminal enterprises is limited, and the load position of PC downstream factories is still average. The current PC price has risen to a relatively high level, and buyers are cautious in stocking up. Coupled with downstream inventory waiting to be digested after the holiday, buyers have weak willingness to continue building warehouses and have entered a wait-and-see stage. And international crude oil continues to fluctuate, pushing up the petrochemical industry and logistics costs, while driving up the resonance of bulk commodity prices. Although the atmosphere of PC market speculation has cooled down in the early stage, the current mentality of merchants is not strong and they are trying to report high. Overall, the demand side provides moderate support for PC spot prices.
Future forecast
Recently, the domestic PC market has been fluctuating at a high level. Affected by the continued geopolitical situation, crude oil and related products in the petrochemical industry chain have fluctuated at high levels, and upstream bisphenol A prices have surged and adjusted, with cost values synchronously transmitted to PCs. Domestic PC polymerization plants have remained stable with small fluctuations in the middle of the month, and the industry will undergo centralized maintenance in the future, with expectations of further tightening of supply. On exchange trading is mainly driven by demand, and buyers have a cautious attitude, returning to the use and take as you go operation. Transactions are mainly small orders. It is expected that in the short term, the PC market may be affected by the dual positive effects of remote upstream leading the rise and supply tightening, and there is still a possibility of price increase.

1、 Trend analysis
According to monitoring data from Shengyi Society, copper prices have slightly decreased this week. As of the 20th, copper prices were reported at 95813.33 yuan/ton, a decrease of 3.54% from the beginning of the week and a year-on-year increase of 17.52%.
According to the weekly rise and fall chart of Shengyi Society, in the past three months, copper prices have fallen 8 and risen 3, with a slight decrease this week.
LME copper inventory
According to data released by the London Metal Exchange (LME). LME copper inventory has slightly increased, with 335425 tons of LME copper inventory as of the weekend, up 7.65% from the beginning of the week.
Macroscopically, the overnight Federal Reserve interest rate meeting released a strong hawkish signal, coupled with the sharp escalation of geopolitical conflicts in the Middle East, causing global risk asset sentiment to freeze instantly.
Supply side: Major copper producing countries such as Peru and Chile have resumed production, coupled with the launch of new mines in Africa, leading to a shift in global copper concentrate supply from shortage to surplus.
On the demand side: The traditional peak season of the “Golden Three” has not arrived as scheduled, and downstream inquiries into the market are cautious. Although there are many low-priced purchases, their sustainability is poor. The continuous deterioration of real estate data (with a 23.1% decrease in new construction) has directly dragged down cable and home appliance consumption.
In summary, copper prices are still at a high level year-on-year, which has suppressed terminal consumption. Under the pressure of hawkish measures by the Federal Reserve, financial attributes dominate pricing, and there is significant short-term adjustment pressure on copper prices. Short term copper prices are expected to experience weak adjustments.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of March 19th, the reference average price of urea market in Shandong Province, China was 1865 yuan/ton, a decrease of 1.45% from the reference average price of 1892 yuan/ton on March 13th.
2、 Market analysis
market situation
This week, the domestic urea market prices have weakened and fallen. As of March 19th, the urea market prices in Shandong are around 1840-1880 yuan/ton, Hebei is around 1830-1870 yuan/ton, Henan is around 1810-1860 yuan/ton, Hubei is around 1860-1900 yuan/ton, and Liaoning is around 1880-1900 yuan/ton.
supply and demand situation
This week, the urea market is oversupplied. On the supply side, the urea production rate and daily output were high this week, indicating sufficient market supply. In terms of demand, downstream compound fertilizer enterprises are in urgent need of procurement, and the market is mostly adopting a wait-and-see attitude, resulting in a cautious overall trading atmosphere.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has been declining recently. The futures market is not performing well, coupled with high inventory in the urea market. It is expected that in the short term, the domestic urea market will be dominated by strong price consolidation and operation.