In early October, the organic raw materials market in Southwest China showed mixed trends. The triphenyl market remained stable with a steady upward price trend. Meanwhile, the pure benzene market in the region was relatively stable, while toluene and xylene prices also rose gradually. However, in the afternoon trading session, weak crude oil prices and external market conditions led to uncertainty, causing trading volumes to slow down or even decline. This could gradually increase pressure on triphenyl. Current prices for pure benzene are between 7,300 to 7,500 yuan per ton, toluene is priced at 6,900 to 7,000 yuan, and xylene ranges from 7,300 to 7,500 yuan.
The phthalic anhydride market remained sideways with slight fluctuations. After the holiday, benzene anhydride prices moved steadily, but the market remained cautious with limited transactions and a flat atmosphere. Due to prolonged consolidation in the phthalic anhydride market and lack of significant post-holiday transaction growth, some traders are concerned about potential downward pressure. However, current raw material prices remain stable, providing support for production costs. The current market price for phthalic anhydride is between 8,100 to 8,200 yuan.
The phenol market saw improved sentiment and rising prices. Post-holiday demand from downstream manufacturers for raw material stock replenishment increased trading activity. However, with new equipment expected to come online this month, supply-side pressure may rise. Current phenol prices are between 9,750 to 9,900 yuan.
The acetone market fluctuated within a narrow range, with prices slowly declining. After the holiday, the southwest acetone market was light, with no obvious demand hotspots. Sufficient supply led to weak purchasing intentions from end-users, and transactions were mainly small-scale. If market volume continues to drop, prices may fall further during consolidation. Current prices are between 6,750 to 6,900 yuan.
Methanol prices broke out of consolidation and saw a sharp increase. Post-holiday demand drove a rebound in methanol prices. Major methanol producers in Southwest China raised sales prices, easing inventory pressure and pushing up market prices. With domestic methanol prices rising, regional markets benefited, supporting continued price increases. Current mainstream prices are between 2,000 to 2,100 yuan.
The formaldehyde market saw a slight recovery, with prices rising steadily. Post-holiday high operating rates ensured adequate supply, and increased downstream purchases, along with higher methanol prices, supported cost increases. Market sentiment gradually improved. As raw material prices recover, formaldehyde prices are expected to rise further. Current prices are between 1,000 to 1,060 yuan.
The acetic acid market remains tight, but prices have slightly declined. The Southwest acetic acid market has shown relative independence. Recent reductions in the operating rate of Yangzhou's acetylene plants have decreased supply, helping maintain stable prices. However, the downstream acetate market did not show significant improvement after the holiday, leading to increased cost pressure and growing wait-and-see attitudes. With long-standing high prices and low trading volumes, the upward momentum is insufficient. Current prices are between 7,000 to 7,300 yuan.
The vinyl acetate market is very strong, with prices surging sharply. Early market sentiment was highly positive, and many participants anticipated a strong post-holiday market. After the holiday, trading activity picked up significantly. End users replenished inventory, and well-funded middlemen entered the market seeking opportunities. Combined with aggressive price increases by manufacturers, ex-factory prices soared, stimulating market interest. On the external market, vinyl acetate prices rose sharply, and tight supply continues to support price increases. Current market prices are between 10,900 to 11,000 yuan.
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