Last week (April 7-13, 2025), the adhesive short fiber market continued to be weak. According to the Commodity Market Analysis System of Shengyi Society, as of April 13, 2025, the average price of the adhesive short fiber market was 13480 yuan/ton, a decrease of 120 yuan/ton from the same period last week, with a weekly decline of 0.88%.
Last week (April 7-13, 2025), both the raw material main material dissolution slurry market and the auxiliary material liquid alkali market fell, while the sulfuric acid market remained stable, and the cost side market prices continued to decline; The overall supply of adhesive short fibers in the market decreased slightly during the week, and some manufacturers had high inventory levels, making it difficult to find favorable support from the supply side; The demand in the terminal market remains weak, and downstream yarn companies are experiencing sluggish shipments. Currently, the main consumption of raw material inventory is low, and the enthusiasm for replenishment is not good. The fatigue of the demand side remains unchanged. The price center of the upstream raw material market has fallen, and downstream yarn manufacturers are mostly adopting a wait-and-see attitude. The support on both the cost and demand sides is weak, coupled with the continuous accumulation of inventory in the adhesive short fiber market. Some manufacturers are selling at lower prices, and the supply of low-priced goods in the market has increased, resulting in a weak decline in the price of adhesive short fiber market.
In terms of cost: Last week (April 7-13, 2025), the market price of raw material dissolution slurry continued to decline, the market price of auxiliary material liquid alkali narrowly declined, the market price of sulfuric acid remained stable, and the market price of raw materials significantly decreased. The average production cost of adhesive short fibers also decreased.
Supply and demand: Last week, the operating rate of the adhesive short fiber industry remained at around 81.47%, with a decrease in production compared to last week. During the week, some units of the adhesive short fiber factory underwent load reduction maintenance, resulting in a decline in overall supply in the industry. The speed of on-site shipments is gradually slowing down, and the inventory levels of various manufacturers are showing an increasing trend. The inventory level of the adhesive short fiber industry is improving. The inventory of finished products in the downstream cotton yarn market has increased, and prices have entered a downward channel. Downstream yarn market transactions are not ideal, and some yarn factories have reduced their operating loads, resulting in a decrease in demand for adhesive short fibers. During the week, they maintained a high level of replenishment for essential needs, but the demand side did not improve.
Market forecast:
On the raw material side, the main material dissolution slurry market and the auxiliary material sulfuric acid market are mainly consolidated, and there is still a possibility of a decline in the liquid alkali market. Therefore, it is expected that the market price of adhesive short fiber raw materials will continue to be weak this week, and the cost side support will be insufficient.
Supply and demand side: Due to the impact of high inventory, some adhesive short fiber manufacturers may continue to reduce their equipment load, so it is expected that the supply of adhesive short fiber market will decrease in the short term; The downstream market is experiencing sluggish shipments, leading to a slowing down trend in the delivery speed of adhesive short fibers. As a result, there is less demand for replenishment, so it is expected that there will be little positive support for the demand side of the adhesive short fiber market this week.
Overall, the main raw material dissolution pulp market may be weakly consolidated, with some adhesive short fiber manufacturers having high inventory and downstream yarn factories mainly consuming raw material inventory. With mixed news on the market, Business Society analysis predicts that the domestic adhesive short fiber market will mainly consolidate slightly in the short term, with prices expected to be between 13300-13500 yuan/ton.

According to the commodity market analysis system of Shengyi Society, the cost is bearish and the market price of polyester filament has fallen sharply. On April 11th, the mainstream polyester filament factories in Jiangsu and Zhejiang quoted POY (150D/48F) at 6400-6700 yuan/ton, polyester DTY (150D/48F low elasticity) at 7700-8200 yuan/ton, and polyester FDY (150D/96F) at 6700-6900 yuan/ton.
In terms of cost, entering April, international crude oil experienced a “cliff like” decline, with WTI crude oil falling below $60 per barrel, hitting a four-year low. PTA and MEG are downstream products of crude oil, and their prices are highly correlated with crude oil. From January to March 2025, the correlation coefficient between PTA and MEG prices rose to 0.65, and the decline in crude oil led to a compression of PTA processing fees to 296 yuan/ton, while MEG’s coal based profit loss expanded to 239 yuan/ton. The sharp decline in crude oil prices has raised concerns in the market about a global economic recession, and expectations for textile export demand have weakened. The US Department of Energy has lowered its forecast for the growth rate of crude oil demand in 2025, coupled with the Federal Reserve maintaining a high interest rate policy, further curbing end consumption.
In terms of demand, since April, the operating rate of polyester filament has remained at a high level of 95.5%, with sufficient capacity released. But top companies are trying to alleviate inventory pressure by reducing production to maintain prices (such as the 1.6 million ton plant renovation and parking in Xiaoshan area) and adjusting pricing models (such as the fixed price policy). The downstream textile industry shows the characteristic of “not thriving during peak season”. The operating rate of weaving machines in April was 62.5%, a decrease of 1.1 percentage points compared to the previous month, and the available days of raw material inventory in enterprises decreased to 12.65 days, indicating a low purchasing willingness. In terms of exports, the United States imposed tariffs, which led to the rise of China’s textile export costs and the transfer of some orders to Southeast Asia, but the growth of demand in the “the Belt and Road” market (such as India and Vietnam) formed a hedge.
Overall, the polyester filament market is under triple pressure of declining costs, weak demand, and high inventory levels, resulting in stable but weak prices. In the future, it is necessary to focus on the trend of crude oil, the pace of terminal order recovery, and enterprise differentiation strategies. In the short term, there is limited room for price rebound, and Business Society believes that the polyester filament market will maintain a weak operation in the short term.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8008 yuan/ton on April 4th and 7788 yuan/ton on April 10th, a decrease of 2.75% during this period. LDPE (2426H) had an average price of 9633 yuan/ton on April 4th and 9333 yuan/ton on April 10th, a decrease of 3.11% during this period. HDPE (2426H) had an average price of 8337 yuan/ton on April 4th and 8260 yuan/ton on April 10th, a decrease of 0.93% during this period.
Recently, the price of polyethylene has been continuously declining. Crude oil prices are falling, and macroeconomic factors are weak, which is bearish for the polyethylene market. The supply side is abundant, and the peak season for plastic film demand is coming to an end. The demand for greenhouse film in spring is light, and the overall downstream demand is limited. The on-site mentality is cautious and bearish, and manufacturers and traders mainly offer discounts for shipments, resulting in a continuous decline in quotes. Negative factors are suppressing, and it is expected that polyethylene will be mainly weak.

Market Overview
This week (4.1-4.9), the dichloromethane market in Shandong showed a weak supply-demand pattern, with a slight shift in price focus. After the Qingming Festival, the downstream demand for temporary replenishment of inventory weakened, coupled with insufficient support from the cost side, and manufacturers’ inventory pressure led to slight discounts on shipments.
According to the monitoring of the commodity market analysis system of Shengyi Society, as of April 9th, the average price of dichloromethane dispersed water in Shandong Province was 2355 yuan/ton, a decrease of 2.89% from before the holiday.
analysis of influencing factors
1. Supply side: Limited support for local maintenance, inventory pressure still exists
Device dynamics: Some methane chloride units in Shandong are undergoing maintenance and load reduction, and the overall operating rate of the industry has slightly decreased to around 75%, but the supply is still relatively sufficient.
Enterprise inventory: After the holiday, the pace of downstream procurement slowed down, and major manufacturers accumulated inventory. Some enterprises promoted destocking by reducing prices slightly.
2. Cost side: Weakening of raw material methanol and limited hedging against rising liquid chlorine prices
Methanol: Affected by macroeconomic sentiment and weak demand, methanol prices have significantly declined. As of April 9th, the spot price of methanol in Shengyi Society was reported at 2487.50 yuan/ton, with a weekly decline of 3.59%, weakening the cost support of dichloromethane.
Liquid chlorine: The price of liquid chlorine in Shandong has recently increased, but its overall cost impact on dichloromethane is limited.
3. Demand side: Obvious off-season characteristics, weak impact on exports
Refrigerant industry: Dichloromethane, as a raw material for R32, is currently in the off-season of air conditioning production with stable demand. It is expected that the peak season of May June will approach or drive demand to recover.
Other fields: Pharmaceutical and pesticide intermediate enterprises purchase on demand, and solvent demand (coatings, adhesives, etc.) continues to be weak.
Export: The United States has implemented a 34% tariff policy on China, but the proportion of dichloromethane exports from China to the United States is only 0.62% (2024 data), with little short-term impact.
Future prospects
According to the analysis of Business Society, the current dichloromethane market is facing the following mixed factors of long and short positions:
Negative: Insufficient cost support for methanol, difficult to see short-term increase in downstream demand, and enterprise inventory pressure still needs to be digested.
Lido: The industry’s operating rate has been reduced, and with the approaching peak season for refrigerants, the expectation of marginal improvement in demand has increased.
Comprehensive prediction: In the short term, the price of dichloromethane may continue to fluctuate weakly, and in the later stage, it is necessary to focus on the trend of methanol on the cost side, the progress of enterprise inventory depletion, and the signal of peak season stocking. If downstream demand rebounds as scheduled after May, the market is expected to stabilize and rebound.

After the Qingming Festival in April, the market price of epichlorohydrin remained stable. According to the monitoring and analysis system of Shengyi Society, as of April 8th, the benchmark price of Shengyi Society’s epichlorohydrin was 9033.33 yuan/ton, an increase of 1.5% compared to early April.
Price influencing factors:
Raw material side: The market for raw material propylene glycerol is mainly fluctuating and consolidating. According to the market analysis system of Shengyi Society, as of April 7th, the benchmark price of propylene in Shengyi Society was 6823.25 yuan/ton, an increase of 1.15% compared to the beginning of this month (6745.75 yuan/ton).
Supply side: Glycerol based epichlorohydrin enterprises are experiencing losses, reduced production enthusiasm, and tight market supply.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. Overall, the demand for epichlorohydrin has weakened, with weak upward momentum and mainly stable operation.
Market forecast: Analysts from Shengyi Society believe that downstream market demand is weak, traders’ purchasing mentality is not positive, and market trading is not smooth. It is predicted that the epoxy chloropropane market will experience weak growth in the later stage or continue to operate steadily, and more attention still needs to be paid to changes in market supply and demand.