The market price of anhydrous hydrogen fluoride remained stable this week. According to the analysis system of Shengyi Society, as of July 17th, the benchmark price of hydrofluoric acid in Shengyi Society was 10800 yuan/ton, a decrease of 2.99% compared to the end of last month.
On the raw material side, the domestic fluorite price trend is weak and stable. As of July 16th, the benchmark price of fluorite in Shengyi Society was 3137.50 yuan/ton, a decrease of 1.38% compared to the beginning of this month (3181.25 yuan/ton). The current situation of the game in the domestic fluorite industry still exists. Overall, the operating rate of enterprises has increased. Upstream mining is tight, backward mines will continue to be eliminated, and new mines will be added. Mineral investigation work is still difficult. In addition, national departments need to rectify fluorite mines, and fluorite mining enterprises are facing increasingly strict safety and environmental protection requirements. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has limited the operation of fluorite enterprises. However, as the temperature rises, northern enterprises are gradually starting production, and the supply of fluorite enterprises on site has increased, with sufficient inventory. The fluorite market price is weakly stable, and the cost support for hydrofluoric acid is weak.
On the demand side: Although the downstream refrigerant market is in the traditional peak season, due to weak terminal demand and low stocking enthusiasm, upstream products are mainly purchased on demand, and there is a strong wait-and-see attitude. The market trading atmosphere is cold, and some companies have reduced their raw material demand due to profit losses. The demand for downstream refrigerants is average, and the market price of hydrofluoric acid continues to decline.
Market forecast: The price trend of raw material fluorite is weak and stable, and downstream terminal demand is weak, resulting in insufficient market digestion ability. The bargaining power of hydrogen fluoride enterprises is weakened, and the loss area of enterprises has increased. Currently, production shutdowns, maintenance, and load reduction operations are gradually emerging. There is no positive support for market supply and demand, and it is expected that the anhydrous hydrogen fluoride market will operate weakly and steadily in the later stage. More attention should be paid to raw material price information and market supply and demand situation.

price trend
According to the bulk ranking data from Shengyi Society, the domestic PC market in China had a weak consolidation in July, with some spot prices of certain brands experiencing a narrow decline. As of July 16th, the mixed benchmark price of Business Society PC is around 14350 yuan/ton, with a price increase or decrease of -0.81% compared to early July.
cause analysis
On the supply side: In the first half of July, domestic PC aggregation enterprises experienced a combination of maintenance and restart, resulting in a narrow reduction in load. The average operating level of the industry within the range has been lowered to 75%, with an average weekly output of around 63000 tons. However, PC supply has been abundant for a long time, with high inventory levels remaining stagnant, and on-site sources of goods still maintaining a sufficient level. After the addition, it is expected that Cangzhou Dahua will restart, but the pressure on shipments will still not decrease, and the market supply side is generally supportive of PC prices.
In terms of raw materials, it can be seen from the above chart that bisphenol A fell and then remained sideways in mid July. Upstream acetone and phenol are also at a low level, 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.
On the demand side: With the arrival of the traditional off-season in July, the downstream factories of PC have seen a decrease in load, with weak stocking and rigid demand as the main factors, 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
The domestic PC market in China experienced weak consolidation in July. 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 remains stable with small fluctuations, while the pattern of strong supply remains unchanged. The off-season characteristics of downstream demand are obvious, and industry players are adopting a wait-and-see attitude towards the future market. However, with low PC prices and limited downward space, the current market is characterized by both long and short positions, and it is expected that the PC market will enter a stalemate in the future.

Last week (July 7-13, 2025), the market for the main raw material of viscose staple fiber, dissolved pulp, remained stable, with average cost support. Various viscose staple fiber manufacturers still had a certain amount of finished product inventory, and the supply side performed well. Downstream yarn factories mainly executed a new round of orders, and the overall speed of goods flow in the market was stable. The market price of viscose staple fiber remained stable, and attention should be paid to the follow-up of new orders from downstream yarn factories in the future.
According to the Commodity Market Analysis System of Shengyi Society, as of July 13th, the average market price of viscose staple fiber was 13020 yuan/ton, which was the same as the previous period’s price.
In terms of cost: Last week (July 7-13, 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; Each adhesive short fiber manufacturer still has a certain inventory of finished products, and the supply side is performing well. 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.

In mid July, the overall consolidation of the domestic ABS market was weak, with some grades experiencing a decline in spot prices. According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the average price of ABS sample products was 10612.50 yuan/ton, with a price level increase or decrease of -1.39% compared to early July.
Fundamental analysis
Supply level: Since the beginning of July, the load of the domestic ABS industry has remained stable with small fluctuations, and the overall load level has been adjusted from 66% at the end of last month to around 65%. The weekly average production has stabilized at over 120000 tons, and the inventory position of aggregation enterprises remains stable at over 200000 tons. The on-site supply remains abundant. Overall, the long-term loose supply pattern in the ABS market remains unchanged. However, the industry inventory is relatively controllable, and no qualified products have been produced for the new equipment of Jinfa. The impact of the supply side on the spot price of ABS has decreased compared to expectations.
Cost factor: In mid July, the upstream three materials market of ABS showed mixed ups and downs, which limited the support for ABS cost side. In terms of acrylonitrile, the supply within the range has significantly increased. The inventory of domestic acrylonitrile factories has risen to over 40000 tons, and the expected supply growth continues to affect market sentiment. Downstream on-demand procurement, limited overall demand increase, and price stalemate after falling.
For the past half month, the domestic butadiene market has experienced a decline followed by an increase. Although the supply side was relatively loose at the beginning of the month, and the overall demand for downstream synthetic rubber market was weak and rigid, the entry of low-level replenishment orders in the past week has added bottoming power to spot prices. The market momentum has heated up, and it is expected that the increase in the butadiene market will be limited.
In the past half month, the market for styrene has shown a sideways trend after a decline. At the beginning of the month, the raw material pure benzene continued to accumulate at ports in East China, and the atmosphere in Shandong’s refining industry was light. In the past week, there has been a surge in buying volume in the far months, which has stopped the decline and rebounded, benefiting styrene. The overall operating rate of downstream three S is average, and there is a strong demand for procurement. The load of the styrene industry in the interval is relatively stable, and it is expected that there may be upward potential in the short term.
On the demand side: In the medium to long term, the downstream factories of ABS have had average loads. The current market has entered the traditional off-season, and terminal enterprises maintain a strong demand for supplementary orders. In the past half month, the market concerns caused by the deterioration of geopolitics in the Middle East have been basically digested. Industry players are worried that the possible tariff policies in the future of the United States may slow down market demand, and a cautious atmosphere prevails in the market, with slow flow of goods. Domestic inventory levels remain high and sideways, with continued loose supply and ample room for on-site turnover. Overall, there has been no improvement in the demand side’s support for the ABS market.
Future forecast
The domestic ABS market was weak and consolidated in the first half of July. The overall price of upstream three materials is weak, and the production load of ABS polymerization plant is stable with small fluctuations, while the demand side is at a low season level. Business analysts believe that in the past half month, ABS has been affected by the release of new production capacity, fluctuations in crude oil, and the traditional off-season, making it difficult for the market momentum to improve. The industry’s strong supply and weak demand pattern will drag down spot prices in the long term, and it is expected that the ABS market will maintain a consolidation and weak pattern in the short term.

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 (7.7-11). As of Friday, the average price of SG-5 PVC carbide method in China was 4733 yuan/ton, up 1.7% during the week.
2、 Market analysis
Supply side: This week, PVC spot market prices have risen. On the one hand, driven by the crude oil and futures markets, the spot market continues to climb. On the other hand, the market has shown an improvement in supply and demand, with PVC production rates remaining stable this week and maintaining previous levels. Demand has also shown a moderate rebound. 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 the overall social inventory is in the stage of depletion. This week, many manufacturers have raised their factory prices, and the pressure on their port inventory is still acceptable.
On the cost side: This week, the price of calcium carbide in the market has remained stable and entered a bottoming stage. According to the monitoring of Business Society, the weekly increase or decrease of calcium carbide is zero. The current increase in PVC prices is not closely related to the cost side, but mainly comes from the favorable conditions of the futures market and supply and demand improvement. 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.