Last week (July 21-27, 2025), the market for the main raw material of viscose staple fiber, dissolved pulp, remained stable, with average cost support. The inventory levels of various viscose staple fiber manufacturers have declined compared to the previous period, but the supply side performance is still acceptable. Downstream enterprises mainly consume raw material inventory and replenish it on demand. The viscose staple fiber market is weak and stable.
According to the Commodity Market Analysis System of Shengyi Society, as of July 27th, the average market price of viscose staple fiber was 12940 yuan/ton, with a weak and stable price.
In terms of cost: Last week (July 21-27, 2025), there was little change in the market price of raw material dissolving pulp, with a weak stalemate. As of now, the price of domestically produced dissolving pulp is around 6700 yuan/ton, the price of outer broad-leaved pulp is around 800 US dollars/ton, and the price of coniferous pulp is around 870 US dollars/ton. The market prices of auxiliary materials such as liquid alkali and sulfuric acid remain stable but fluctuate slightly, with average cost support.
Abundant supply
The industry supply has declined, and the current daily operating rate in the market remains at around 75%. The inventory levels of various adhesive short fiber manufacturers have declined compared to the previous period, and downstream yarn companies are picking up goods as needed. The overall inventory level of the adhesive short fiber market has decreased, but the market supply is still abundant, and the support from the supply side is limited.
Downstream essential replenishment
The operating rate of downstream cotton yarn market equipment has slightly increased, and price fluctuations are not significant. As of now, the price of ring spun R30S in Jiangsu region is around 17100 yuan/ton, and the price of ring spun R40S is around 18300 yuan/ton. The market is in a traditional off-season of demand, and downstream cotton yarn market transactions are not ideal. Only a few models of vortex spun cotton yarn have slightly better export orders. Cotton mills mainly consume raw material inventory and replenish urgently needed goods, with no significant improvement in demand.
Future forecast
On the raw material side, the main material dissolution slurry market and the auxiliary material sulfuric acid market are generally stable, while the liquid alkali market may experience a narrow decline. Therefore, it is expected that the market price trend of adhesive short fiber raw materials will decline in the short term, and the cost support will be insufficient.
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; The terminal market is still in the traditional off-season of demand, with limited new orders placed. Downstream yarn mills are experiencing a certain degree of risk aversion and may maintain their demand for signing orders. It is expected that the driving force of the adhesive short fiber market from the demand side will be moderate in the short term.
Overall, the main raw material dissolution slurry market may be weak and stagnant, with sufficient overall supply. Downstream yarn mills mainly sign orders according to demand. Under the interweaving of on-site news, adhesive short fiber manufacturers may maintain their previous quotations. Therefore, analysts from Shengyi Society predict that the domestic adhesive short fiber market will remain stable with small movements in the short term, and the price is expected to be accepted at 12800-13000 yuan/ton.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province slightly declined this week (7.14-7.18), with an average market price of 16350 yuan/ton at the beginning of the week and 16262 yuan/ton at the end of the week, a decrease of 0.54%.
This week, the magnesium market showed a trend of first decreasing and then stabilizing. The mainstream quotation has been declining since last week, but when the price fell to 16300 yuan/ton, the downward resistance significantly increased, and it stopped falling and stabilized near the weekend.
Supply and demand side
On the supply side, due to the impact of extreme high temperatures, magnesium smelting enterprises are facing numerous difficulties in resuming work and production, while production costs have also increased to a certain extent. In this situation, companies generally have a strong willingness to raise prices, and only a few companies with tight cash flow have made small price reductions in the futures market. Recently, as market prices have stabilized, the market’s expectations for the future have become more optimistic.
On the demand side, downstream application companies have shown a high acceptance of current prices. However, some trading companies have a strong willingness to lower prices due to accepting orders at lower prices in the early stages.
Raw material end
The current coal market prices remain basically stable, while the price of blue charcoal has seen a certain degree of decline, and the price of ferrosilicon remains stable without fluctuations. However, due to the combined impact of high temperature weather factors, the overall production cost still shows an upward trend.
comprehensive analysis
Recently, it is expected that magnesium prices will show a slight upward trend, and the price fluctuation range will further tighten and narrow.

In the first half of 2025, China’s phenol export volume was 28800 tons, a year-on-year decrease of 25.39%. The international competition is fierce, and China’s phenol export volume is being squeezed. At present, phenol in China is still at a relatively low level in recent years, and with the expected increase in new supply in the second half of the year, it is expected that export operations may have an increasing trend.
China’s phenol export destinations are relatively concentrated. According to customs export data statistics, from January to June 2025, China’s phenol was mainly exported to South Korea, India, Thailand, and Vietnam, accounting for a total of 90% of the export volume. From January to June 2025, the main export trade mode of phenol in China is general trade, accounting for 57.25%; Next is the import and export goods from bonded supervision sites, accounting for 35.11%
In the second half of 2025, China’s phenol production capacity is expected to increase by 840000 tons, and domestic production may further increase. Import contracts are the main focus, and the export market still needs to be developed. Currently, domestic phenol prices are at a low level this year, and there may be opportunities for export negotiations. However, international competition is fierce, and it is expected to be affected in the second half of the year. It is necessary to expand export negotiations to India, Vietnam, Thailand and other places. Overall, it is expected that China’s phenol exports will remain stable in the second half of the year.

According to the Commodity Market Analysis System of Shengyi Society, as of the 22nd, the price of ethyl acetate was 5426.67 yuan/ton, a decrease of 0.31% compared to the price of 5443.33 yuan/ton on July 15th, and a decrease of 0.43% from the beginning of the month. The supplier’s supply is stable, downstream demand is average, and the raw material market is mainly weak. The quotation for ethyl acetate continues to decline.
The operation of domestic ethyl acetate plants is stable, the market capacity utilization rate is not high, the inventory pressure of enterprises is not high, and downstream market entry is mostly followed up according to demand. The on-site trading is limited, and the raw material acetic acid market is mainly weak. Prices in some areas continue to decline, and the cost support is insufficient. The market mentality of ethyl acetate is not good, and the focus of ethyl acetate transactions is weak.
In the future, the utilization rate of ethyl acetate production capacity remains at a median level, with enterprises mainly shipping on demand. Downstream consumption is slow, and support for ethyl acetate is average. The raw material market is weak, and the sentiment of the industry is not good. It is expected that the price of ethyl acetate will continue to consolidate weakly in the later stage. Specific attention will be paid to changes in supplier equipment and downstream follow-up.

Recently (7.9-7.22), the butadiene rubber market has fluctuated and risen. According to the commodity market analysis system of Shengyi Society, as of July 22, the butadiene rubber market price in East China was 12070 yuan/ton, an increase of 3.25% from 11690 yuan/ton on July 9. The price of raw material butadiene has significantly increased, and the cost of butadiene rubber has strong support; Shunding rubber production slightly increased; Downstream tire production has slightly increased, providing support for the demand for butadiene rubber. As of July 22, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11800 to 12200 yuan/ton.
Recently (7.9-7.22), the price of butadiene has significantly increased, providing strong support for the cost of butadiene rubber. According to the Commodity Market Analysis System of Shengyi Society, as of July 22, the price of butadiene was 9400 yuan/ton, an increase of 4.83% from 8966 yuan/ton on July 9.
Recently (7.9-7.22), the domestic Shunding plant has seen a slight increase in production, reaching around 6.80%. During this period, the Shunding rubber plants of Jinzhou Petrochemical, Heze Kexin, and Yanshan Petrochemical have restarted.
Demand side: Recently (7.9-7.22), downstream tire production has slightly increased, providing essential support for the butadiene rubber market. As of July 18th, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.5%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 6.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will rise, and the cost of butadiene rubber will receive strong support; Downstream tire production has slightly increased, with strong demand for support. Overall, it is expected that the Shunding rubber market will continue to fluctuate and rise in the later period.