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Home > Commodity Intelligence

Last five days 2-9 2-6 2-5 2-4 2-3

02-03 17:37

【Acetic acid】

On February 3, Shandong Hualu Hengsheng reduced its acetic acid price by 20 yuan/ton. The current bulk price is 2,800 yuan/ton, with actual transaction prices subject to negotiation.

02-03 17:36

【Polyester staple fiber】

On February 3, the polyester staple fiber market in Jiangsu was quoted at 6,450–6,600 yuan/ton ex-works. Crude oil prices fell, reducing cost pressures, while downstream buyers remained cautious and adopted a wait-and-see approach. Market transactions were sluggish, leading to a decline in staple fiber prices.

02-03 17:33

【Polyester staple fiber】

On February 3, the market price of polyester staple fiber in Fujian was 6580-6650 for short delivery. Support from the cost side weakened, the market had prices but no actual transactions, trading was sluggish, and the polyester staple fiber market remained weak.

02-03 17:33

On February 3, the mainstream negotiated price for domestically sourced PMMA particles in East China was around 10,500–13,200 yuan per ton. Currently, the domestic PMMA market price remains stable.

02-03 17:31

On February 3, the mainstream delivered prices for DMF bulk water in East China were as follows: Jiangsu 3,980–4,100 yuan/ton, Zhejiang 4,050–4,180 yuan/ton. Currently, the DMF market remains stable.

02-03 17:30

【Polyester yarn】

On February 3, the market price of polyester staple fiber in the Shandong region was 6,600–6,680 yuan per ton for short delivery. Due to weak costs and a clear off-season in demand, the price of polyester staple fiber has shown some softening.

02-03 17:30

【Non-ferrous metals】

On February 3, 2026, the Shanghai Gold Exchange's midday benchmark price for Shanghai Silver (silver ingots with a standard weight of 15 kg and a purity of no less than 99.99%, pricing contract) was 20,940 yuan/kg, down 476 yuan/kg (-2.22%) from the morning session benchmark price of 21,416 yuan/kg. Compared to the previous trading day (February 2), the midday benchmark price increased by 587 yuan/kg (2.88%) from 20,353 yuan/kg.

02-03 17:30

On February 3, the price of metallurgical coke at the Tianjin Port market remained stable. The current price for quasi-first-grade coke at the port is 1,520 yuan per ton, while first-grade coke is priced at 1,620 yuan per ton. Both prices are quoted on a delivered basis with acceptance payment terms.

02-03 17:29

On February 3, 2026, SAIC Motor Corporation Limited released its production and sales report for January 2026. The data shows that the group's total vehicle sales for January reached 327,413 units, marking a significant increase of 23.94% compared to 264,166 units in the same period last year. The performance of new energy vehicles was particularly outstanding, with sales reaching 85,374 units in January, a substantial year-on-year growth of 39.73%.

02-03 17:29

On February 3, the metallurgical coke prices in the Handan market remained stable. Currently, the quasi-first-grade dry quenching is quoted at 1,560–1,580 yuan per ton, while the quasi-first-grade wet quenching is priced at 1,390 yuan per ton. All prices are ex-factory, cash, and include taxes.

02-03 17:29

On February 3, the price of metallurgical coke in the Jinzhong market remained stable. Currently, the price for quasi-first-grade wet-quenched metallurgical coke is reported at 1,310–1,330 yuan per ton, while quasi-first-grade dry-quenched metallurgical coke is priced at 1,580–1,610 yuan per ton. First-grade dry-quenched metallurgical coke is priced at 1,750 yuan per ton. All prices are ex-factory, cash, and include taxes.

02-03 17:26

【Ferrosilicon】

Metallurgical Resources February Tender: Ferrosilicon 1000 tons, Deadline: 2026-02-03 17:20, Delivery Time: 2026-02-09 00:00:00.

02-03 17:26

【Ferrosilicon】

Wuhu Xinxing February Tender: 1000 tons of ferrosilicon, deadline: 2026-02-04 10:30, delivery date 2026-03-10.

02-03 17:26

The 1 million tons/year PTA unit of Sichuan Energy Investment was shut down in early November 2025 and restarted on February 2, 2026.

02-03 17:26

【Ferrosilicon】

Xingxing Cast Pipe Wuan Headquarters February Tender: 900 tons of ferrosilicon, deadline: 2026-02-04 10:30, delivery date 2026-03-10.

02-03 17:25

【Ferrosilicon】

Guangdong Xinxing February Tender: 300 tons of ferrosilicon, deadline: 2026-02-04 10:30, delivery date 2026-03-10.

02-03 17:25

【Ethylene glycol】

On February 3, 2026, Shanxi Lu'an Chemical Technology Co., Ltd. Sales Branch auctioned 200 tons of polyester-grade ethylene glycol (produced from syngas) in the morning (bidding time: 10:30–10:40). The delivery address was Shouyang Chemical, with a starting bid price of 3,420 RMB/ton, tax-included ex-factory, which was 30 RMB/ton lower than the previous trading day's starting price.

02-03 17:24

【Galvanized sheet】

On February 3, 2026, statistics from 154 galvanizing enterprises nationwide showed a total transaction volume of 10,827 tons, a decrease of 1,446 tons compared to the previous trading day, representing a decline of 11.78%. The region with the largest reduction was East China, where transactions decreased by 821 tons from the previous trading day, a drop of 18.31%.

02-03 17:24

On February 2, the CFR China PTA mainstream quotation remained at $650 per ton, a decrease of $16 per ton compared to the price on January 30.

02-03 17:23

【Ethylene glycol】

On February 3, 2026, Satellite Chemical Co., Ltd. quoted the ex-factory price of ethylene glycol (ethylene-based) at 3,610 yuan per ton, a decrease of 60 yuan per ton compared to the previous trading day, with actual orders subject to negotiation.

02-03 15:58

Recently, major automakers have successively released their January sales figures. Seres Group's new energy vehicle sales reached 43,034 units for the month, marking a year-on-year increase of 140.33%, kicking off the new year with strong momentum. Among them, the AITO brand performed particularly well, delivering over 40,000 new vehicles in January—an 83% year-on-year growth—continuing to lead China's premium new energy vehicle market and laying a solid foundation for the year's performance growth.

02-03 15:56

【Non-ferrous metals】

On February 3, 2026, the Shanghai Gold Exchange's Shanghai Gold benchmark (standard weight 1 kg, gold ingot with a fineness of no less than 99.99%; pricing contract) midday benchmark quote was 1,089.93 yuan per gram. This represents an increase of 16.26 yuan per gram (1.51%) compared to the morning session benchmark quote of 1,073.67 yuan per gram, and an increase of 78.79 yuan per gram (7.79%) compared to the previous trading day's (February 2) midday benchmark quote of 1,011.14 yuan per gram.

02-03 15:53

【Chloroform】

In 2025, China's total import volume of chloroform reached 6,988.73 tons.

02-03 15:51

According to the Ukrainian Ministry of Agriculture, as of February 2, Ukraine's grain exports for the 2025/26 marketing year (starting in July) reached 18.94 million tons, a decrease of 28.4% compared to the same period last year.

02-03 15:49

According to a StoneX report, Brazil's first-season corn production for the 2025/26 cycle is projected to reach 26.59 million tons, an increase of 610,000 tons from the previous forecast of 25.98 million tons.

02-03 15:48

Zhejiang Petrochemical's PC Phase I and Phase II projects comprise a total of 6 production units with a combined annual capacity of 520,000 tons. The Phase I production lines are operating stably, while Phase II was restarted at the end of January and is currently experiencing fluctuating operational loads. PC supply remains normal, primarily catering to core customers. Suppliers are adjusting to market conditions, and sales performance is satisfactory.

02-03 15:47

Mitsubishi Plastics in Shanghai operates two production lines with a combined annual capacity of 100,000 tons, currently running at normal load. The PC powder produced is primarily supplied for internal use at Mitsubishi's modification plants. Suppliers adjust prices according to market conditions, and sales performance remains satisfactory.

02-03 15:45

According to India's Business Standard, U.S. Trade Representative Greer recently stated that although India has made significant progress in curbing Russian oil imports, further reductions in Russian oil purchases are necessary to alleviate U.S. concerns and advance the implementation of a tariff reduction agreement. Greer emphasized that he maintains close communication with relevant Indian officials and that the bilateral cooperation is strong, but India still has a long way to go in reducing its purchases of Russian oil.

02-03 15:45

According to the U.S. Department of Agriculture's weekly export inspection report, U.S. corn export inspections last week decreased by 27% compared to the previous week and by 10% compared to the same period last year. For the week ending January 29, 2026, U.S. corn export inspections totaled 1,136,352 metric tons, down from a revised 1,547,064 metric tons the previous week and 1,260,984 metric tons in the same period last year.

02-03 15:44

【Maleic anhydride】

On February 3, the maleic anhydride market in Shandong remained weak and stable. Solid anhydride ex-factory prices hovered around 4,950 yuan per ton, while liquid anhydride ex-factory prices were near 4,700 yuan per ton. The auction in East China did not see full transaction volumes, with downstream demand primarily driven by essential needs.

02-03 15:43

【Maleic anhydride】

On February 3, the maleic anhydride market in Jiangsu showed weak consolidation. The ex-factory price for solid anhydride was around 4,950 yuan per ton, while liquid anhydride was priced at approximately 5,050 yuan per ton. The auction in East China did not achieve full transaction volumes, and the surrounding markets also exhibited weak consolidation.

02-03 15:41

【Petroleum coke】

On February 3, Huaxiang Petrochemical's petroleum coke was quoted at 2,770 yuan per ton, a decrease of 30 yuan per ton from the previous trading day. The sulfur content is 2.3%, with a delayed coking unit capacity of 400,000 tons per year and a daily output of 450 tons.

02-03 15:40

【Petroleum coke】

On February 3, Guangrao Zhenghe Petrochemical Co., Ltd. priced petroleum coke at 2,750 yuan per ton, an increase of 30 yuan per ton from the previous trading day. The sulfur content is approximately 1.4-1.7%. The company operates an 800,000-ton-per-year delayed coking unit, producing 350 tons of petroleum coke daily.

02-03 15:39

On February 3, the price of isopropanol at Ningbo Juhua Chemical Technology Co., Ltd. remained stable, with the latest ex-factory price at 5,700 yuan per ton.

02-03 15:38

According to the U.S. Department of Agriculture's export inspection report, U.S. soybean export inspections decreased by 2% compared to the previous week but increased by 15% year-on-year. For the week ending January 29, 2026, U.S. soybean export inspections totaled 1,310,559 tons, down from a revised 1,336,311 tons in the previous week and up from 1,140,431 tons in the same period last year.

02-03 15:38

On February 3, the methanol auction situation of Yankuang Group: Yulin Yankuang's methanol starting price was 1,780 yuan/ton, with a quantity of 3,000 tons, partially traded at this price. The company's Phase I 600,000-ton/year methanol plant and Phase II 800,000-ton/year coal-to-methanol plant are operating normally. Yankuang Guohong conducted a methanol bidding sale, with final transactions at 2,130-2,135 yuan/ton ex-factory cash payment. The 640,000-ton/year coal-to-methanol plant is operating with dual furnaces.

02-03 15:38

【Petroleum coke】

On February 3, Shandong Tianhong Chemical Co., Ltd. priced petroleum coke at 2,180 yuan per ton, an increase of 45 yuan per ton from the previous trading day. The sulfur content is approximately 2.9%. The company operates a 1.8 million tons per year delayed coking unit, with a daily production of petroleum coke reaching 1,000 tons.

02-03 15:37

On February 3, MTBE producers in Shandong lowered their offers: Lihuayi Lijin Petrochemical reduced its MTBE offer by 30 yuan/ton to 4,870 yuan/ton. Shida Shenghua cut its MTBE offer by 50 yuan/ton to 4,850 yuan/ton. Dongming Qianhai Chemical lowered its MTBE offer by 80 yuan/ton to 4,800 yuan/ton, with the price set through auction.

02-03 15:35

On February 3, the average price of domestic #1 antimony ingot was 164,000 yuan per ton, while #0 antimony ingot averaged 166,000 yuan per ton. The average price of 50% antimony concentrate stood at 142,000 yuan per ton, marking an increase of 1,000 yuan per ton compared to the previous trading day. Current market inventories are at low levels, and holders are maintaining firm prices with limited sales. As a result, the market price of antimony ingots is expected to gain further support and is likely to maintain a narrow range of fluctuations.

02-03 15:32

On February 3, Dongying Fuhai Weilun Petrochemical reduced the ex-factory price of pure benzene (petroleum benzene) by 50 yuan, with the latest quotation at 6,153 yuan per ton.

02-03 15:32

【Tin ingot】

On February 3, 2026, the tin inventory on the Shanghai Futures Exchange was 7,788 tons, a decrease of 309 tons. Among these, the inventory in Shanghai was 2,596 tons, down by 104 tons; the inventory in Guangdong was 4,990 tons, down by 165 tons; and the inventory in Jiangsu was 202 tons, down by 40 tons.

02-03 15:32

StoneX has revised its forecast for Brazil's soybean production in the 2025/26 season to 181.62 million metric tons, up from the previous estimate of 177.61 million metric tons. If realized, this would represent a 7.6% increase compared to the previous year.

02-03 15:31

【Petroleum coke】

On February 3, Yatong Petrochemical quoted petroleum coke at 1,670 yuan per ton, an increase of 20 yuan per ton from the previous trading day, with a sulfur content of 4.0. The delayed coking unit has an annual capacity of 1.2 million tons and a daily output of 850 tons.

02-03 15:31

【Lead ingot】

On February 3, 2026, the lead inventory on the Shanghai Futures Exchange was 33,439 tons, an increase of 4,021 tons compared to the previous trading day. Among these, the inventory in Shanghai was 3,803 tons, unchanged; Guangdong had 2,967 tons, unchanged; Jiangsu had 4,608 tons, unchanged; Zhejiang had 7,652 tons, an increase of 4,021 tons; and Tianjin had 14,409 tons, unchanged.

02-03 15:30

【Maleic anhydride】

On February 3, Wanhua Chemical's maleic anhydride auction in Yantai: The East China session auctioned 90 tons, with 30 tons sold at a transaction price of 5,000 yuan per ton.

02-03 15:30

This week, Brazil's National Commodity Supply Corporation (CONAB), under the Ministry of Agriculture, released the latest crop progress report. As of January 31, the planting rate for Brazil's 25/26 soybean crop reached 99.6%, compared to 99.1% last week and 99.4% in the same period last year. The harvest progress stands at 11.4%, up from 6.6% last week and 8.0% year-on-year. The germination rate is 8.6%, flowering rate is 13.2%, pod-filling rate is 44.0%, maturation rate is 22.5%, and harvest rate is 11.4%.

02-03 15:28

【Zinc ingot】

On February 3, 2026, the zinc inventory on the Shanghai Futures Exchange was 28,867 tons, an increase of 100 tons compared to the previous trading day. Among these, the inventory in Shanghai was 797 tons, unchanged; Guangdong had 3,198 tons, unchanged; Jiangsu had 298 tons, unchanged; Zhejiang had 0 tons, unchanged; and Tianjin had 24,574 tons, an increase of 100 tons.

02-03 15:25

On February 3, the domestic fuel oil market saw low-sulfur 180cst fuel oil ex-plant quotations at 5,250–5,350 yuan/ton, and low-sulfur 120cst fuel oil ex-plant quotations at 5,350–5,450 yuan/ton.

02-03 15:24

【Magnesium】

On February 3, Shaanxi Magnesium Group quoted the price of primary magnesium ingots (99.9% unpickled, simple packaging) in the Fugu area at 16,500 yuan per ton, a decrease of 150 yuan.

02-03 15:23

【Gray board】

Jiulong Paper's Taicang base has shut down the PM20 machine from February 3 to March 6 for a total of 31 days, affecting the production of gray-back white paper.

02-03 15:22

【Wastepaper】

Hubei Rongcheng Paper, due to rising raw material costs, insufficient raw material supply, and machinery maintenance during the Spring Festival, has scheduled a production shutdown. From February 4 to February 25, PM5 machine will be shut down for 22 days, affecting paper types B1 and T.

02-03 15:20

【Ethyl alcohol】

On February 3, the Henan Hanyong 500,000-ton/year ethanol plant commenced production, with the price of premium-grade ethanol dropping by 10 yuan/ton. The quoted price for premium-grade ethanol is 5,450 yuan/ton.

02-03 15:18

【Corrugated paper】

Jiefeng Paper Industry in Dongguan, Guangdong, will halt all machinery operations for 17 days from February 4 to February 24, affecting the production of corrugated paper. It is estimated that this will reduce production capacity by 12,000 tons.

02-03 15:17

【Containerboard】

Guangdong Jiangmen Mingxing Paper Industry has shut down all its machines for over 20 days from February 4 until after the Spring Festival, affecting the production of containerboard and tube paper, with an estimated reduction in capacity of 18,000 tons.

02-03 15:11

【Isobutyraldehyde】

On February 3, Hualu Hengsheng Co., Ltd. reported a production capacity of 20,000 tons of isobutyraldehyde, with an ex-factory price of 6,400 yuan per ton, marking an increase of 200 yuan per ton.

02-03 15:10

【Isobutyraldehyde】

On February 3, Luxi Chemical Group Co., Ltd. reported a production capacity of 50,000 tons for isobutyraldehyde, with an ex-factory price of 6,200 yuan per ton, marking an increase of 100 yuan per ton.

02-03 15:07

【Corrugated paper】

Shanying Paper's Suzhou base has shut down machines PM71 and PM72 for 25 days from February 4 to February 28, affecting the production of high-strength corrugated paper.

02-03 15:03

【Polyester yarn】

On February 3, a 330,000-spindle ring-spun pure polyester yarn supplier in Fujian increased its tax-inclusive short-delivery price by 400 yuan. T32S was quoted at 10,800 yuan/ton, T21S at 10,800 yuan/ton, and T40S at 12,000 yuan/ton, with actual orders subject to negotiation based on quantity.

02-03 15:02

【Polyester yarn】

On February 3, a Fujian-based enterprise with 80,000 spindles producing pure polyester ring-spun yarn raised its ex-factory prices including tax. The prices are as follows: ring-spun T32s at 10,600 yuan/ton (+200 yuan/ton), T21s at 10,300 yuan/ton (+200 yuan/ton), and T40s at 11,700 yuan/ton (+200 yuan/ton). Actual orders will be negotiated based on quantity.

02-03 15:01

【Silicomanganese】

Lingyuan Iron and Steel February Tender: 3,300 tons of silicon-manganese alloy. Deadline: 2026-02-09. Required delivery date: 2026-03-15.

02-03 15:01

【Metal Silicon】

According to incomplete statistics, as of the end of January, 12 out of 148 industrial silicon submerged arc furnaces in Yunnan were operational, remaining unchanged from the previous month, with an operating rate of approximately 8.1%, also unchanged from the previous month.

02-03 15:01

【Dichloromethane】

On February 3, Luxi Chemical raised the ex-factory price of methylene chloride bulk water by 60 yuan/ton, with the current quotation at 1890 yuan/ton.

02-03 15:00

【Potassium chloride】

As of February 3, the port inventory of imported potassium chloride at Mayong Port was 150,000 tons, at Yingkou Port it was 720,000 tons, and at Yantai Port it was 95,000 tons.

02-03 15:00

【Metal Silicon】

According to statistics, the operating rate of the main silicon production regions during the week of January 23 to January 30 was 3.87%.

02-03 14:58

【N-butanol】

On February 3, Luxi Chemical's reference quotation for n-butanol was 6,800 yuan per ton, a decrease of 20 yuan per ton compared to the previous working day.

02-03 14:57

China's Sulfur Port Inventory (February 2): Total inventory 1.8393 million tons — Fangcheng Port 570,000 tons, Beihai Port 60,000 tons, Zhanjiang Port 240,000 tons, Zhenjiang Port 703,000 tons, Nanjing Port 40,000 tons, Dafeng Port 172,000 tons.

02-03 14:57

【Coking coal】

On February 3, the online auction price for coking coal at the Changzhi Qinyuan market declined. The low-sulfur lean primary coking coal (A8, S0.5, G65) had a starting bid of 1,500 yuan per ton, with an average transaction price of 1,534 yuan per ton. A total of 40,000 tons were traded, marking a decrease of 68 yuan per ton compared to the previous session on January 27. All prices mentioned are ex-factory, cash, and include taxes (Note: The index changed from 75 to 65).

02-03 14:55

On February 3, Kaifeng Jiuhong Chemical Co., Ltd. maintained normal operations of its DBP and DIBP production facilities, with a total annual capacity of 240,000 tons. The DOTP price was quoted at 8,400 yuan per ton, including tax and ex-factory, representing a decrease of 100 yuan per ton.

02-03 14:52

【Silicone DMC】

According to statistics from over ten silicone monomer producers nationwide, the monomer output in January was approximately 403,200 tons, with industrial silicon consumption for production around 104,300 tons, a decrease of 4,200 tons compared to the previous month.

02-03 14:52

China's polyethylene exports in 2025 reached approximately 1.0902 million tons, marking a month-on-month increase of 32.66%.

02-03 14:51

【Acrylic acid】

On February 3, the delivered price of 2-Ethylhexyl Acrylate from Shanghai Huayi New Materials in East China was 9,100 yuan per ton, an increase of 100 yuan per ton compared to the previous quotation date, with actual orders subject to negotiation.

02-03 14:51

China's polyethylene imports in 2025 are approximately 13.4069 million tons, a decrease of 3.21% compared to the previous period.

02-03 14:51

【Silicone DMC】

Recently, Jinnuo's annual 25,000-ton electronic-grade silane gas project entered its second environmental impact assessment public notice. The project, with an investment of 565.06 million yuan, aims to construct an annual production capacity of 25,000 tons of electronic-grade silane gas. Construction is scheduled to commence in April 2025 and officially begin trial operations in April 2026. The construction period is 12 months.

02-03 14:51

【Acrylic acid】

On February 3, the delivered price of ethyl acrylate from Shanghai Huayi New Materials in East China was 9,300 yuan per ton, an increase of 100 yuan per ton compared to the previous quotation date, with actual orders subject to negotiation.

02-03 14:49

On February 3, Kaifeng Jiuhong Chemical Co., Ltd. maintained normal operations of its DBP and DIBP production facilities, with a total annual capacity of 240,000 tons. The company quoted the price of DBP at 7,900 yuan per ton, including tax and ex-factory, reflecting a decrease of 100 yuan per ton.

02-03 14:49

On February 3, the ex-factory price of melamine from Henan Jinkong Tianqing was quoted at 5,450 yuan per ton, a decrease of 100 yuan per ton compared to the previous quotation date.

02-03 14:47

【Silicone DMC】

Recently, the provincial key project invested in by Fujian Shengyuan New Material Co., Ltd.—the Zhangping Shengyuan Silicone and Silicone Oil Production Project—successfully passed the factory acceptance inspection. Upon completion, the project will be equipped with four silicone production lines and three silicone oil production lines, with an annual production capacity of 6,000 tons of silicone and 5,000 tons of silicone oil.

02-03 14:39

International crude oil market closing prices fell on Monday. On February 3, the prices of refined oil products from independent refineries in Northeast China declined, with the overall price of 92# gasoline ranging between 7,200 and 7,300 yuan per ton, 95# gasoline priced between 7,300 and 7,400 yuan per ton, and diesel quotations ranging from 5,800 to 5,900 yuan per ton.

02-03 14:39

【White granulated sugar】

On February 3, the new sugar quotations from Guangxi sugar manufacturers and distributors were 5,250–5,310 yuan/ton (sugar factory ex-plant prices in Chongzuo, Nanning, Guigang, Liuzhou, and Fangchenggang), a decrease of 20 yuan/ton compared to the previous day's quotations. As of December 31, all 73 sugar factories in Guangxi had commenced operations for the 2025/26 crushing season, processing a cumulative total of 16.23 million tons of sugarcane and producing 1.9419 million tons of sugar.

02-03 14:38

International crude oil futures closed lower on Monday. On February 3, refined oil product prices at independent refineries in Northwest China declined, with the overall price of 92# gasoline ranging between 7,100–7,200 yuan/ton, 95# gasoline priced between 7,200–7,300 yuan/ton, and diesel offered in the range of 5,900–6,000 yuan/ton.

02-03 14:34

On February 3, Jiangsu Sanfangkang PET was quoted at 6,210 yuan/ton, and Zhejiang Wankai PET was quoted at 6,210 yuan/ton, both showing a decrease compared to the previous trading day.

02-03 14:34

On February 3, Tongling Chemical Industry Group's phthalic anhydride production capacity was 80,000 tons. The ortho-xylene process phthalic anhydride unit was operating normally, while the naphthalene process phthalic anhydride equipment was shut down for maintenance. Inventory levels were low. The quoted price for ortho-xylene process phthalic anhydride was 6,200 yuan per ton, a decrease of 100 yuan per ton.

02-03 14:34

On February 3, Dongming Petrochemical Group's refined oil product prices declined. The price of -10# diesel dropped by 60 yuan/ton to 5,690 yuan/ton, while the ex-factory prices of 92# gasoline and 95# gasoline decreased by 60 yuan/ton to 7,100 yuan/ton and 7,220 yuan/ton, respectively. The company's facilities are operating stably, with normal sales performance.

02-03 14:34

【Sodium Bicarbonate】

On February 3, the price of baking soda in the Tianjin region remained stable, with quotations ranging from 1,350 to 1,450 yuan per ton. Upstream soda ash prices are consolidating, while downstream demand is currently driven by immediate needs. Overall, it is expected that the price of baking soda will continue to consolidate.

02-03 14:30

On February 3, Hainan Yisheng PET was quoted at 6,200 yuan/ton, while Dalian Yisheng was quoted at 6,210 yuan/ton, both showing a decrease compared to the previous trading day.

02-03 14:30

【Phosphoric acid】

On February 3, the ex-factory price of 85% industrial phosphoric acid in the Sichuan region was approximately 6,700-7,000 yuan per ton, remaining stable, with prices primarily negotiated on a case-by-case basis.

02-03 14:29

【Non-ferrous metals】

On February 3, the domestic ex-factory reference price of holmium oxide decreased by 10,000 yuan per ton, currently quoted at 535,000-545,000 yuan per ton, with an average price of 540,000 yuan per ton.

02-03 14:26

【Galvanized sheet】

On February 3, 2026, Rizhao Steel issued the prices for cold-formed and galvanized coil sheets in the Lecong market: 1. Cold-formed: RECC 1.0*1250mm at 3,660.5 yuan/ton, unchanged from the previous period; 2. Galvanized coil sheet: DX51D+Z 1.0*1250/1500mm at 3,900.5 yuan/ton, a decrease of 20 yuan/ton compared to the previous period. Note: The above prices include taxes and are delivered to the Lecong warehouse.

02-03 14:26

On February 3, Shandong Shengfeng Chemical Co., Ltd. quoted the execution price of DOP at 7,805 yuan per ton, a decrease of 100 yuan per ton.

02-03 14:24

【Non-ferrous metals】

On February 3, 2026, Duan Shaofu, Deputy Secretary-General of the China Nonferrous Metals Industry Association, stated at the "Press Conference on the Economic Performance of the Nonferrous Metals Industry in 2025" that research is being conducted to include copper concentrate, which has a large trade volume and is easily liquidated, into the reserve scope.

02-03 14:24

On February 3, Hualu Hengsheng Chemical Co., Ltd. quoted the latest ex-factory price of medium-sized granular urea at 1,775 yuan per ton, with stable prices and actual transaction negotiations.

02-03 14:22

【Non-ferrous metals】

On February 3, the domestic light rare earth market prices showed an upward trend. The price of praseodymium-neodymium metal increased by 5,000 yuan per ton to 910,000 yuan per ton, while the price of praseodymium-neodymium oxide rose by 7,500 yuan per ton to 737,500 yuan per ton. The price of neodymium oxide climbed by 20,000 yuan per ton to 812,500 yuan per ton, and the price of neodymium metal increased by 20,000 yuan per ton to 967,500 yuan per ton. The price of praseodymium metal rose by 20,000 yuan per ton to 955,000 yuan per ton, and the price of praseodymium oxide went up by 17,500 yuan per ton to 792,500 yuan per ton. Overall, the domestic light rare earth market experienced a price increase, with normal sales activity in the market and moderate purchasing from downstream industries.

02-03 14:21

On February 3, Kaifeng Jiuhong Chemical Co., Ltd., with a total annual production capacity of 180,000 tons for DOP, DOTP, and DPHP, implemented an ex-factory DOP price of 8,000 yuan per ton, inclusive of tax. The price decreased by 100 yuan per ton.

02-03 14:19

On February 3, Zhenjiang United Chemical Industry Co., Ltd., with an annual production capacity of 260,000 tons of plasticizers, quoted the ex-factory price of DOP at 7,950 yuan per ton, a decrease of 100 yuan per ton.

02-03 14:15

On February 3, Shandong Lutai's PVC plant operated at reduced capacity, with the operating rate below approximately 40%. The quoted prices are as follows: calcium carbide-based SG-5 is priced at 4,760 RMB/ton ex-factory, while SG-8 is temporarily not quoted. The manufacturer's PVC production capacity is 370,000 tons.

02-03 14:14

On February 3, Shandong Xinfeng's PVC plant operated at full capacity. Today, the ex-factory price for calcium carbide-based SG-5 was quoted at 4,700 yuan per ton. The manufacturer's total PVC production capacity is 1.1 million tons.

02-03 14:12

On February 3, the PVC market in Zibo remained stable. The futures market experienced range-bound fluctuations, while the spot market followed the overall trend. Today, dealers' offers showed little change compared to yesterday. Market sentiment was generally subdued, though actual transactions were satisfactory. The current mainstream ex-factory price for calcium carbide method type 5 is in the range of 4,740–4,800 yuan per ton.

02-03 14:10

On February 3, the EVA market prices in the Guangdong region showed narrow fluctuations. Downstream inquiries were mainly for small orders, market transactions were subdued, and sellers made minor adjustments to their offers. Currently, Gulei Petrochemical's 2806 is quoted at 9,200–9,300 RMB/ton, while Yangba's V5110J is quoted at 10,300–10,500 RMB/ton.

02-03 14:10

【White granulated sugar】

Since the start of the 2025/26 crushing season, as of February 2, member states have cumulatively processed 50.65 million tons of sugar beets and produced 6.84 million tons of white sugar, with Russia accounting for 6 million tons.

02-03 14:10

On February 3, the PVC market in Linyi was mainly consolidating. The futures market experienced range-bound fluctuations, while the spot market followed the overall trend. Dealers' offers showed little change, and the market atmosphere was generally stable with decent transaction activity. The current mainstream quotation for calcium carbide method type 5 is in the range of 4,740-4,830 yuan per ton.

02-03 14:07

On February 3, the market for styrene-butadiene rubber in the northwest region remained largely stable with minor fluctuations. Downstream inquiries are currently cautious, and suppliers have made slight adjustments to their offers. The mainstream price for Jihua 1502 is quoted at 13,200 yuan per ton.

02-03 14:05

【Chloroform】

On February 3, the butadiene rubber market in the southwest region showed a narrow consolidation. The butadiene rubber futures market experienced slight fluctuations, with merchants' offers stabilizing and adjusting. Currently, the mainstream price for Sichuan butadiene rubber is reported at 13,050 yuan per ton, while Dushanzi butadiene rubber is quoted at 13,400 yuan per ton.

02-03 14:03

On February 2, the LNG carrier "Cosmo Grace," carrying 66,000 tons of liquefied natural gas, departed after completing unloading at the Qingdao LNG Terminal in the Dongjiakou Port Area.

02-03 14:00

On February 3, Shandong Lihuayi Group Co., Ltd. produced 140,000 tons of isooctanol annually, with the ex-factory price of isooctanol at 7,550 yuan per ton, a decrease of 150 yuan per ton compared to the previous trading day.

02-03 13:56

On February 3, Weifang Yahua's bromine production facility, with an annual capacity of 3,000 tons, is currently not offering quotations. Actual orders are subject to negotiation.

02-03 13:54

On February 3, the price of liquefied natural gas (LNG) in Inner Mongolia increased. Inner Mongolia Huineng LNG raised its price by 90 yuan per ton, with the latest quotation at 3,650 yuan per ton; Inner Mongolia Huanda LNG increased its price by 40 yuan per ton, with the latest quotation at 3,740 yuan per ton; Xingxing Energy LNG raised its price by 60 yuan per ton, with the latest quotation at 3,640 yuan per ton; Inner Mongolia Shitai LNG increased its price by 90 yuan per ton compared to the previous adjustment day, with the latest quotation at 3,680 yuan per ton.

02-03 13:54

【Caustic soda】

On February 3, the overall trading atmosphere in the caustic soda flake market in the southwestern region remained at previous levels. The mainstream transaction price for local 99% caustic soda flakes was around 3,000–3,050 yuan per ton, while downstream purchasing enthusiasm showed some weakening.

02-03 13:53

【Nitric acid】

On February 3, the production of concentrated nitric acid remained stable, ensuring ample market supply. Meanwhile, the cost of upstream liquid ammonia has continued to decline recently. The average mainstream negotiated price for 98% concentrated nitric acid ranged between 1,450 and 1,550 yuan per ton, marking a decrease of 50 yuan per ton.

02-03 13:49

On February 2, the CFR price of naphtha in Japan was $581.38 per ton, and the ethylene-naphtha processing spread was -$131.38 per ton, an increase of $15.13 per ton compared to the previous period.

02-03 13:48

On February 3, Shangneng Petrochemical reported the price of hydrotreated naphtha at 7,050 yuan per ton, a decrease of 20 yuan per ton, with normal corporate shipments.

02-03 13:46

On February 3, Shandong Dongming Petrochemical Group Co., Ltd. quoted the price of sulfur (liquid) at 3,820 yuan per ton, a decrease of 180 yuan per ton. The price of sulfur (solid) was quoted at 3,950 yuan per ton, a decrease of 120 yuan per ton.

02-03 13:46

【Rapeseed meal】

China's rapeseed imports in 2025 are projected to be approximately 2.5 million tons, a decrease of about 60% compared to 2024.

02-03 13:40

【Rapeseed oil】

China's rapeseed oil imports in 2025 are projected to reach approximately 2.13 million tons, marking a 13% increase compared to 2024.

02-03 13:36

Dushanzi Petrochemical has a total annual production capacity of 690,000 tons across four PP production lines. The old Line 1 underwent a brief shutdown on January 28 and has now resumed operations, while the other production lines are operating at normal capacity. Currently, the supply prices remain stable, with merchants adjusting spot prices according to market conditions, and trading activity is satisfactory.

02-03 13:33

【Rapeseed meal】

In December 2025, China's rapeseed imports amounted to 55,600 tons, a sharp decline of over 90% compared to the 603,200 tons recorded in the same period of 2024.

02-03 13:31

According to data from the China Federation of Logistics and Purchasing, the total demand for cold chain logistics in China reached 381.4 million tons in 2025, a year-on-year increase of 4.50%, with the growth rate accelerating by 0.2 percentage points compared to 2024, indicating sustained robust growth momentum in market demand.

02-03 13:28

【Ammonium biphosphate】

On February 3, the market quotation for 55% powder monoammonium phosphate in the Sichuan region was around 3,750-3,850 yuan per ton, with stable prices and actual transactions subject to negotiation.

02-03 13:26

On February 2, the 1.16 MW distributed photovoltaic project in the new area of the Hunan Petrochemical's annual 600,000-ton caprolactam industrial chain relocation and upgrading transformation development project was successfully connected to the grid for the first time.

02-03 13:24

【Magnesium】

On February 3, the average price of primary magnesium (99.90%) was $2,540 per ton FOB Tianjin Port, down by $20; the average price was €2,155 per ton FOB Tianjin Port, unchanged.

02-03 13:23

By the end of January, the relocation and upgrading project of the 600,000-ton-per-year caprolactam industrial chain of Hunan Petrochemical had been operating safely and stably for 25 months. During this period, it has cumulatively recycled 900,000 tons of caprolactam waste liquid, saved 900,000 tons of fresh water, and recovered 1,000 tons of pure benzene, significantly reducing waste liquid treatment costs.

02-03 13:21

【Agricultural & sideline products】

Analysts from the consultancy Expana (formerly known as France's Strategic Grains) forecasted on Friday that the EU's rapeseed production for the 2026/27 season is expected to reach 20.9 million tons, up from 20.5 million tons in the 2025/26 season. The rapeseed yield is projected at 3.2 tons per hectare, compared to 3.4 tons per hectare in the previous season. The rapeseed planting area for the 2026/27 season is estimated at 6.5 million hectares.

02-03 13:18

【Sodium metabisulfite】

On February 3, the quoted price for industrial-grade sodium metabisulfite (96.5% content) in the Hunan market was 2,300 yuan per ton, an increase of 50 yuan per ton. The price of sodium metabisulfite continues to rise due to rising raw material costs and increased demand.

02-03 13:16

According to statistics from Japan's Ministry of Commerce and Industry, from January to December, Japan's foreign trade value of silk products reached $1.786 billion, a year-on-year increase of 15.96%. Among this, exports amounted to $150 million, a decrease of 1.88% compared to the same period last year, while imports totaled $1.637 billion, showing a growth of 17.92% year-on-year.

02-03 13:15

In 2025, Shiquan County conducted 7-8 batches of silkworm rearing throughout the year, distributing 92,000 sheets of silkworm eggs—an increase of 5,000 sheets compared to 2024. The annual production of fresh cocoons reached 3,682 tons, with silkworm farmers earning an average per capita income of 8,000 yuan. The county maintained its leading position in the city in terms of both fresh cocoon production and the quantity of silkworm eggs distributed. The high-quality cocoon rate rose from 60% to 85%, and the cocoon silk quality met the 6A-grade raw silk standard. The highest price per kilogram reached 73.26 yuan, with an income of 4,556 yuan per sheet of silkworm eggs. The average price was 4 yuan higher than that of ordinary cocoons.

02-03 13:06

【Cotton Lint】

According to the U.S. Department of Agriculture (USDA) report, from January 23 to January 29, the United States graded and inspected 24,400 tons of cotton for the 2025/26 season, with 78.1% of the lint meeting the ICE futures cotton delivery requirements. Among these, the inspection volume of upland cotton was 21,400 tons, and Pima cotton was 3,000 tons.

02-03 12:14

【Natural rubber】

On February 3, the natural rubber market in Shanghai experienced minor adjustments. Shanghai rubber futures fluctuated within a narrow range, while raw material prices saw slight variations. Spot traders raised their offers by 100–150 yuan/ton. The mainstream quotations for 2024 Yunnan Bao and Guangken rubber were 15,950–16,150 yuan/ton, while 2024 Haibao rubber was quoted at 16,000–16,250 yuan/ton. Vietnamese 3L rubber was mainly offered at 16,400–16,500 yuan/ton.

02-03 12:11

【Natural rubber】

On February 3, the natural rubber raw material market in Thailand experienced a stable to declining trend: smoked sheet was quoted at 62.20 THB/kg, remaining stable; latex was quoted at 58.80 THB/kg, down by 0.30 THB/kg; and cup lump was quoted at 54.00 THB/kg, holding steady.

02-03 11:44

【Fluorite mines】

Quzhou Guotai Chaowei New Material Co., Ltd. is constructing a pilot project for 300 tons/year of advanced fluorinated materials. The main products include trifluoromethanesulfonamide (CF1201) at 100 t/a, trimethylsilyl trifluoromethanesulfonate (CF1212) at 100 t/a, and N,N-dimethylsulfamoyl fluoride (CF1204) at 100 t/a. By-products include 20% ammonia water at 204.4 t/a, ammonium fluoride at 27.1 t/a, and 20% hydrochloric acid at 84.55 t/a. The construction period is from June 2026 to March 2027.

02-03 11:33

【Cotton yarn】

Recently, a "Snow Lotus Express" cotton train loaded with 1,395 tons of cotton departed from Aksu Station in Xinjiang, heading to Xiaoying Station in Binzhou City, Shandong Province, marking the successful launch of the nation's first rapid cotton freight service. The train's operating speed has been increased to 120 kilometers per hour, reducing the cotton transportation time from the original 10 to 15 days to just 3 days.

02-03 11:29

【Cotton yarn】

Recently, the signing ceremony for the intelligent high-end finished grey fabric weaving project with an annual output of 420 million meters was held in the Changji National Agricultural High-Tech Industrial Demonstration Zone, Xinjiang. The project has a total investment of 1.128 billion yuan and will be constructed in two phases. The first phase involves the purchase of 2,200 sets of weaving equipment, with an annual production capacity of 220 million meters of high-end grey fabric upon reaching full operation. The second phase will add 2,000 sets of equipment, along with supporting facilities such as smart logistics and living services.

02-03 11:27

【Cotton yarn】

According to data monitoring, as of January 30, the operating load of textile enterprises in major regions across the country was 64.2%, a decrease of 0.63% compared to the previous week. The overall operating rate of textile enterprises saw a slight decline, primarily due to some inland enterprises reducing production of low-count yarns. Currently, the operating rate of inland textile enterprises stands at 50-60%, while Xinjiang maintains a rate of over 90%.

02-03 11:26

【Cotton yarn】

It is reported that the cotton planting area in major countries is expected to decrease in 2026, and the El Niño phenomenon is likely to further intensify the anticipated tightening of cotton supply in the upcoming year. According to the latest forecasts, Brazil’s cotton planting area is projected to decline by 5% year-on-year to 30.75 million mu; Australia’s cotton area is expected to drop by 22% year-on-year to 6.09 million mu; China plans to reduce Xinjiang’s cotton planting area by approximately 10% to 36 million mu; and the intended cotton planting area in the United States is estimated to decrease by 2.9% year-on-year. Additionally, the APEC Climate Center has issued a warning that the El Niño phenomenon may develop by mid-year, potentially affecting cotton growth in countries such as India. If there is no significant change in cotton consumption demand, the global cotton supply and demand balance is expected to shift from a surplus to a tight equilibrium in the coming year.

02-03 11:16

【Activated charcoal】

On February 3, Henan Kaijie reported a price of 4,800 yuan per ton for nutshell activated carbon with an iodine value of 300, and 13,000 yuan per ton for coal-based tar columnar activated carbon, with a price increase of 20 yuan per ton. The current monthly production of activated carbon is 300 tons.

02-03 11:05

【Sodium Bicarbonate】

On February 3, Henan Jinshan (Jinshan brand) maintained normal operation of its 450,000-ton annual production capacity for baking soda. The manufacturer specializes in food-grade and feed-grade baking soda, with an ex-factory price of 1,100 yuan per ton.

02-03 10:58

【Liquid ammonia】

On February 3, Shandong Hualu Hengsheng's 600,000-ton liquid ammonia facility is operating normally. Today, the quoted price has been reduced by 20 yuan, with the current price at 2,300 yuan per ton. The manufacturer is currently selling part of its liquid ammonia externally, with a daily sales volume of 1,000 tons.

02-03 10:47

According to customs statistics, in December 2025, China imported 25.2 tons of liquid chlorine, a month-on-month increase of 65.2% and a year-on-year increase of 31.3%. The average import price was $14,968.4 per ton, down 15.7% month-on-month and 14.3% year-on-year. From January to December 2025, the cumulative import of liquid chlorine reached 185.3 tons, a year-on-year decrease of 9.0%. During the same period, the cumulative export of liquid chlorine was 7.9 tons, a year-on-year decline of 72.5%.

02-03 10:46

【Steel Billet】

China Iron and Steel Association: On February 1, 12 steel enterprises, including Sichuan Province Dazhou Iron and Steel Group Co., Ltd. and Jianlong Acheng Iron and Steel Co., Ltd., announced their ultra-low emission transformation plans. So far, a total of 276 steel enterprises have made such announcements.

02-03 10:45

【Cold rolled sheet】

As of February 2, 23 listed steel companies have released their 2025 performance forecasts. Among them, 12 companies, including Shougang Co., Ltd. and Hunan Valin Steel, are projected to be profitable, while 11 are expected to incur losses.

02-03 10:45

【Hot rolled coil】

In January 2026, the actual production of hot-rolled coils nationwide reached 12.24 million tons (based on a weekly sample of 37 steel mills), an increase of 380,000 tons month-on-month. Steel mill inventories stood at 3.9006 million tons, a decrease of 120,000 tons month-on-month, while social inventories remained at a relatively high level compared to the same period in recent years.

02-03 10:42

【Color coated sheet】

On February 2, the national main ports recorded iron ore transactions totaling 817,000 tons, a decrease of 9.9% month-on-month; 237 mainstream traders reported construction steel transactions of 46,800 tons, a decrease of 16.5% month-on-month.

02-03 10:38

On February 2, the quoted prices at China's main ports slightly declined. The international cotton price index (SM) was 73.75 cents per pound, down by 0.53 cents per pound, equivalent to a general trade port delivery price of 12,732 yuan per ton (calculated based on a 1% tariff and the exchange rate using the Bank of China's middle rate, the same applies below). The international cotton price index (M) was 71.95 cents per pound, down by 0.52 cents per pound, equivalent to a general trade port delivery price of 12,426 yuan per ton.

02-03 10:35

The mainstream spot quotation range for the xylene market in East China is 5,700-5,730 yuan/ton, unchanged from the previous trading day. Domestic toluene and xylene prices fell sharply in the previous trading day and showed weak fluctuations during the day; the aromatics market continued to decline overnight, but the magnitude narrowed. It is essential to closely monitor crude oil trends and pay attention to technical adjustments and sentiment shifts. Before the holiday, refineries are destocking, traders are holding goods cautiously, and buying interest remains weak. The market is expected to consolidate weakly during the day.

02-03 10:34

The mainstream spot quotation range for toluene in East China is between 5,450 and 5,470 yuan per ton, down by 80 yuan per ton compared to the previous trading day. Domestic toluene and xylene experienced a significant decline in the previous trading day, with weak fluctuations during the day. The nighttime session saw continued declines in aromatics, though the magnitude narrowed. It is essential to closely monitor crude oil guidance and pay attention to technical adjustments and sentiment shifts. Ahead of the holiday, refineries are reducing inventories, traders are cautious in holding positions, and buying interest remains weak. The market is expected to consolidate weakly during the day.

02-03 10:34

On February 3, Shandong Jinling's aniline plant is operating stably, and the aniline price remains steady for now. The latest price is set at 8,700 RMB per ton for cash transactions, with specific details to be discussed based on actual orders.

02-03 10:31

【Soybean Oil】

A survey indicates that analysts expect U.S. soybean oil stocks to reach 2.279 billion pounds by December 31, 2025, marking a 5.5% increase from the 2.164 billion pounds at the end of November and a 35.1% rise compared to the 1.687 billion pounds recorded at the end of December 2024.

02-03 10:30

【Rubber & plastics】

Ningbo Liwan's PS unit has four production lines in total, including three for transparent PS and one for modified PS, with a combined annual capacity of 400,000 tons. The unit was reduced to three-line operation in mid-January. Merchants are adjusting to market conditions, and sales performance remains acceptable.

02-03 10:29

【Rubber & plastics】

Guangxi Changke New Materials' PS unit, with an annual capacity of 100,000 tons, resumed operations on January 16 and is currently running at a stable load. Suppliers are adjusting to market conditions, and sales performance is satisfactory.

02-03 10:28

【1,3-butadiene】

On February 3, the bidding and sales status of butadiene from some domestic enterprises: Dongming Petrochemical offered 280 tons for external sales with a base price of 10,400 yuan/ton; Satellite Chemical raised the price by 200 yuan/ton, implementing 10,500 yuan/ton; Yantai Wanhua initiated an auction of 168 tons with a base price of 10,300 yuan/ton. The futures and spot markets for the main downstream synthetic rubber were weak, exerting downward pressure on the butadiene market. Trading sentiment remained cautious, with a slight weakening trend. However, the short-term overseas market showed a firm trend, while domestic spot circulation resources were limited. Additionally, some rigid demand from downstream sectors persisted before the Spring Festival, providing support to merchants' pricing mentality. Based on the current supply-demand fundamentals, the domestic butadiene market lacks unilateral momentum in the short term and is expected to maintain a slight consolidation trend, with market buyers adopting a wait-and-see approach.

02-03 10:28

On February 2, the silkworm pupae market in Thailand and Cambodia remained relatively stable. Last week, the wholesale price of silkworm pupae in Thailand was 60-65 baht per kilogram. This week, the procurement price for fresh-frozen silkworm pupae in Thailand is approximately 1,500-1,700 US dollars per ton, while the general procurement price for fresh (non-frozen) pupae in Vietnam is 36,000 Vietnamese dong per kilogram. In South Korea, the price for dried and wet pupae ranges from 1,400 to 1,600 US dollars per ton.

02-03 10:27

According to statistics from China Customs: In 2025, Chinese silkworm pupa export companies exported a total of 4,356.435 tons of dried and wet pupae, with a value of $6,631,082, averaging approximately $1,522 per ton. Fresh pupae exports amounted to 13,807.875 tons, valued at $20,818,230, with an average price of about $1,508 per ton.

02-03 10:27

On February 3, the transaction price range for 33/37D and 66/74D tussah water-reeled silk was between 530,000 and 545,000 yuan per ton, showing a significant decline compared to the price peak in September-November 2025. Transaction prices vary depending on factors such as quality, payment methods, and customer types.

02-03 10:25

【Soybean meal】

In the last week of January, domestic oil plants' soybean crushing volume rose to a high of 2.3 million tons, leading to an increase in soybean meal output. By the end of the month, soybean meal inventories saw a slight rebound to around 900,000 tons. During the Spring Festival holiday, oil plants generally suspended operations. It is estimated that soybean crushing volume in February will drop to approximately 5.2 million tons, with soybean meal output reaching about 4.1 million tons. Coupled with post-holiday restocking demand, soybean meal inventories are expected to decline to around 650,000 tons by the end of the month.

02-03 10:24

【Corrugated paper】

According to data from the General Administration of Customs, in December 2025, the import volume of corrugated paper was approximately 259,500 tons, an increase of 44.13% month-on-month and 15.46% year-on-year. The export volume of corrugated paper in December was about 5,800 tons, a decrease of 23.12% month-on-month but an increase of 33.48% year-on-year.

02-03 10:23

On February 3, the ex-factory price of melamine at Sichuan Yulong was quoted at 5,450 yuan per ton, an increase of 100 yuan per ton compared to the previous quotation date. The plant has a production capacity of 50,000 tons.

02-03 10:23

【Containerboard】

According to data from the General Administration of Customs, in December 2025, the import volume of containerboard paper was 491,100 tons, an increase of 32.37% month-on-month and a decrease of 2.69% year-on-year. The export volume of containerboard paper in December was approximately 20,600 tons, a decrease of 0.57% month-on-month and an increase of 49.57% year-on-year.

02-03 10:22

【Rubber & plastics】

Shandong Lanhua's PS unit, with a production line for transparent polystyrene, has a total capacity of 100,000 tons per year. It entered maintenance on January 25 and has not yet resumed operations. The supply situation has tightened, and merchants are adjusting prices according to market conditions.

02-03 10:20

【Corrugated paper】

According to the latest data from the National Bureau of Statistics, from January to December 2025, the national production of machine-made paper and paperboard reached 164.054 million tons, a year-on-year increase of 2.9%. China's paper and paperboard output exceeded 160 million tons for the first time, setting a new historical record!

02-03 10:19

Shaoxing Sanyuan's two PP production lines have a combined annual capacity of 500,000 tons. Currently, the old production line was shut down on February 2, while the new facility (300,000 tons/year) remains idled long-term with no announced restart plan. With reduced supply, sellers are adjusting spot prices according to market conditions, and trading activity remains fairly active.

02-03 10:17

The Tianjin Dagu ABS plant has a total annual production capacity of 400,000 tons. At the end of January, it underwent a purging operation, and the current operating load has been reduced to below 50%. The supply is primarily allocated to core customers, with stable selling prices, and merchants are adjusting their strategies according to market conditions.

02-03 10:17

【Caustic soda】

On February 3, the price of liquid caustic soda at Shandong Luxi Chemical was adjusted, with the quotation for 32% ion-exchange membrane caustic soda reduced to 600 yuan per ton. The 400,000-ton-per-year chlor-alkali facility is operating normally.

02-03 10:15

Zhejiang Petrochemical's ABS unit has a total annual capacity of 1 million tons. The maintenance conducted earlier on January 16 involved a production line with an annual capacity of 300,000 tons. The current unit is operating at 80% capacity. Supply remains stable, primarily allocated to core customers, with merchants adjusting prices according to market conditions.

02-03 10:14

On February 2, the MTBE international market closed lower: The Asian MTBE market closed down by $16.41 per ton compared to the previous trading day, with FOB Singapore settling at $638.08-640.08 per ton. The European MTBE market closed down by $32.25 per ton compared to the previous trading day, with FOB ARA settling at $747.99-748.49 per ton. The U.S. MTBE market closed down by $38.53 per ton compared to the previous trading day, with FOB U.S. Gulf settling at $670.57-670.92 per ton (189.34-189.44 cents per gallon).

02-03 10:13

Sinopec INEOS Styrolution ABS plant has a total annual capacity of 600,000 tons. Currently, one production line is under maintenance while the other is operating normally, with an overall operating rate of around 50%. Supply is primarily allocated to core customers, and the selling price remains stable, with merchants adjusting according to market conditions.

02-03 10:11

【Diethylene glycol】

On February 2, Sinopec East China's diethylene glycol (DEG) quotations remained stable. Shanghai Petrochemical implemented a price of 3,320 yuan/ton, with its No. 2 unit operating at a low rate. Yangzi Petrochemical set its price at 3,350 yuan/ton, also operating at a reduced rate. YB Petrochemical maintained a price of 3,350 yuan/ton, with its 340,000-ton/year unit running at nearly 40% capacity.

02-03 10:10

【Diethylene glycol】

This week (February 3-9), Zhangjiagang is expected to receive 4,300 tons of diethylene glycol by ship. Although the number of scheduled arrivals continues to decrease, port shipments have also slowed down as the Spring Festival holiday approaches. It is anticipated that the inventory at East China's main ports will remain largely unchanged.

02-03 10:07

Methanol offshore market closing prices fell on February 2: CFR Southeast Asia methanol market closed at $322.5-323.5/ton. FOB US Gulf methanol market closed at 100.5-101.5 cents/gallon, down 4 cents/gallon; FOB Rotterdam methanol market in Europe closed at €297.5-298.5/ton.

02-03 10:02

Foreign media reported on February 2 that the Trump administration is advancing a strategic critical mineral reserve initiative named "Project Vault," with an initial scale of $12 billion. The U.S. Export-Import Bank (EXIM) will provide a $10 billion loan with a 15-year term and will also involve private capital participation. The plan aims to systematically stockpile critical minerals such as lithium, nickel, and rare earths to ensure the security of raw material supplies for the U.S. automotive, technology, and defense industries, while simultaneously diminishing what Washington perceives as China's dominant role in critical mineral pricing and supply chains.

02-03 09:59

【Non-ferrous metals】

On February 3, 2026, the Shanghai Gold Exchange's morning session benchmark price for Shanghai Silver (silver ingots with a standard weight of 15 kg and a purity not less than 99.99%, pricing contract) was 21,416 yuan/kg. This represents an increase of 1,063 yuan/kg (5.22%) compared to the previous trading day's (February 2) afternoon session benchmark price of 20,353 yuan/kg.

02-03 09:58

On February 3, Sinopec South China Company reduced the initial listed price of xylene by 100 yuan/ton: Guangzhou Petrochemical's isomer is priced at 5,900 yuan/ton, Maoming Petrochemical's isomer at 5,900 yuan/ton, and Sinopec-Zhongke's isomer at 5,900 yuan/ton.

02-03 09:56

On February 3, Sinopec South China Company reduced its listed price of toluene by 100 yuan/ton: Guangzhou Petrochemical implemented 5,500 yuan/ton, Maoming Petrochemical implemented 5,500 yuan/ton, and Sinopec-Zhongke implemented 5,500 yuan/ton.

02-03 09:54

【Containerboard】

On January 31, the American Forest & Paper Association (AF&PA) released its fourth-quarter 2025 report on containerboard. The report indicates that total containerboard production in 2025 decreased by 4% compared to 2024. During the same period, the operating rate remained stable, staying above 91% by the end of the year.

02-03 09:49

【1,3-butadiene】

On February 3, Sinopec's sales companies executed a butadiene price of 10,500 yuan per ton, unchanged from the previous trading day. Downstream synthetic rubber futures and spot prices weakened, leading to cautious butadiene transactions and slight market pressure. In the short term, strong overseas markets, tight domestic supply, and pre-holiday rigid demand support sellers' offers. It is expected that domestic butadiene prices will consolidate within a narrow range in the near term, with buyers adopting a wait-and-see approach.

02-03 09:37

【1,3-butadiene】

The Asian butadiene market closed on Monday (February 2) with the following prices: South Korea FOB was quoted at $1,245-1,253 per ton, while China CFR was quoted at $1,265-1,273 per ton.

02-03 09:35

【N-butanol】

On February 3, Shandong Lihuayi's n-butanol quotation was referenced at 6,550 yuan per ton, a decrease of 100 yuan per ton compared to the previous working day.

02-03 09:29

【1,3-butadiene】

On Monday (February 2), the international butadiene market closed up by $40/ton: European butadiene FOB Rotterdam settled at $930-938/ton; FD Northwest Europe settled at €730-738/ton.

02-03 09:24

The international toluene market closed down 10 cents per gallon on Monday (February 2): FOB USG February closing price was 262.25-262.35 cents per gallon, and FOB USG March closing price was 258.25-258.35 cents per gallon.

02-03 09:23

Foreign media reported on February 2: Amid an already tight supply in the global critical metals market, the European Union is preparing a new round of sanctions against Russia, aiming to further strangle the strategic lifelines of the Russian economy. According to sources, the EU is considering a comprehensive ban on imports of Russian copper and platinum group metals such as iridium, rhodium, and platinum as part of its latest sanctions package targeting Russia over the Ukraine conflict. If approved by all member states, this move would not only further squeeze Russia’s foreign exchange earnings but also impact the fragile global supply chain for industrial metals, potentially exacerbating inflationary pressures and reshaping global trade dynamics.

02-03 09:22

【Acrylic acid】

Recently, Guangxi Huayi New Materials Co., Ltd. is procuring warehousing and logistics management system development services for its 320,000-ton/year butanol-octanol and acrylate project (including 160,000 tons/year of butanol, 160,000 tons/year of 2-ethylhexanol, and 80,000 tons/year of 2-ethylhexyl acrylate, with a total investment of approximately 2 billion yuan) under construction in the Qinzhou Port Economic and Technological Development Zone, along with the supporting 20,000-ton/year polymerization inhibitor project (Phase I: a 10,000-ton/year hydroquinone unit, with an investment of about 400 million yuan). The shortlisted candidates for this service were publicly announced on the China Tendering and Bidding Public Service Platform from January 29 to February 2, 2026.

02-03 09:20

【Non-ferrous metals】

On February 2, the non-ferrous metal inventories and changes on the London Metal Exchange (LME) were as follows: 1. Copper inventory: 174,675 tons, a decrease of 300 tons from the previous day. 2. Aluminum inventory: 497,175 tons, an increase of 1,450 tons from the previous trading day. 3. Nickel inventory: 285,528 tons, a decrease of 756 tons from the previous day. 4. Zinc inventory: 109,100 tons, a decrease of 900 tons from the previous day. 5. Lead inventory: 204,075 tons, a decrease of 1,500 tons from the previous day. 6. Tin inventory: 7,105 tons, an increase of 10 tons from the previous day.

02-03 09:19

The current domestic refined oil price adjustment window will open at 24:00 on February 3. The retail price of refined oil products will once again increase, marking the second rise, zero decline, and one stagnation in 2026. During this cycle, crude oil prices have risen, and the crude oil change rate has remained positive, indicating that the retail price of refined oil products is about to achieve a "second consecutive increase."

02-03 09:19

【Thermal Coal】

On February 3, the CCTD thermal coal index: 5500CV at 696 yuan/ton (+1); 5000CV at 614 yuan/ton (+1); 4500CV at 527 yuan/ton (+2).

02-03 09:18

【Thermal Coal】

On February 3, the CCI thermal coal index: 5500 kcal at 696 yuan/ton (0); 5000 kcal at 614 yuan/ton (0); 4500 kcal at 525 yuan/ton (0).

02-03 09:17

【Rubber & plastics】

According to customs statistics, HDPE imports in December 2025 reached 549,700 tons, a year-on-year increase of 7.80% and a month-on-month increase of 32.28%.

02-03 09:14

【calcium carbonate】

On February 3, the price trend of calcium carbonate in the Jiangxi region remained stable. The mainstream negotiation price for heavy calcium carbonate of 1250 mesh in the area was 500-560 yuan/ton. Supply in the market was relatively normal, and sales conditions were stable.

02-03 09:14

The international xylene market closed down by 7 cents per gallon on Monday (February 2): the January closing price for FOB USG was 252.25-252.35 cents per gallon, and the February closing price for FOB USG was 248.25-248.35 cents per gallon.

02-03 09:12

【Ammonium nitrate】

On February 3, the price trend of ammonium nitrate in the Hebei region remained stable, with mainstream negotiations in the market ranging from 3,100 to 3,200 yuan per ton. Production operations among market players were stable. Recently, the market price of upstream raw materials has declined, while downstream procurement has been weak. The overall market trend of ammonium nitrate remains temporarily steady.

02-03 09:09

【Rubber & plastics】

According to customs statistics, LDPE imports in December 2025 reached 316,700 tons, a year-on-year increase of 2.65% and a month-on-month increase of 11.50%.

02-03 09:08

【Rubber & plastics】

According to customs statistics, in December 2025, LLDPE imports reached 463,500 tons, a year-on-year increase of 2.37% and a month-on-month increase of 27.85%.

02-03 09:07

According to data from shipping survey agency ITS, Malaysia's palm oil exports reached 1.463 million tons from January 1 to 31, 2026, marking a month-on-month increase of 17.93%.

02-03 09:06

On February 2, the total inventory of domestic soda ash manufacturers reached 1.5604 million tons, an increase of 19,400 tons compared to the previous Monday, marking a rise of 1.26%. Among this, the inventory of light soda ash was 837,500 tons, while that of heavy soda ash stood at 722,900 tons.

02-03 09:02

【Rubber & plastics】

According to customs statistics, a total of 92,100 tons of PE were exported in December 2025.

02-03 09:01

【Rubber & plastics】

According to customs statistics, the total import of PE in December 2025 reached 1.3299 million tons.

02-03 09:00

【Ferrous lithium phosphate】

Recently, Inner Mongolia Xingfa Technology Co., Ltd. announced its 100,000-ton-per-year battery-grade lithium iron phosphate project, with a total investment of 1.5 billion yuan.

02-03 08:59

On February 3, Shandong Lihuayi's sulfur unit operated normally, with industrial sulfur quoted at 4,100 yuan/ton and liquid sulfur also quoted at 4,100 yuan/ton, a decrease of 50 yuan/ton.

02-03 08:59

The Indonesian Ministry of Trade announced that the reference export price for crude palm oil in February 2026 has been set at $918.47 per ton, up from $915.64 per ton in January.

02-03 08:55

【Lithium carbonate】

The Zijin Lithium Yuan 25,000-ton battery-grade lithium carbonate project has entered the final sprint toward production, with main equipment installed in place and technicians conducting the final fine-tuning.

02-03 08:53

During this period (January 23-29), the capacity utilization rate of China's polyethylene production enterprises was 85.35%, a decrease of 0.68 percentage points compared to the previous period.

02-03 08:52

On February 2, the Shanghai Futures Exchange reported a total copper inventory of 68,471 tons in the Shanghai region, an increase of 1,376 tons from the previous day; a total of 23,031 tons in the Guangdong region, up by 500 tons; and a total of 66,824 tons in the Jiangsu region, a decrease of 200 tons.

02-03 08:48

【Stainless Steel Plate】

On February 2, at the Shanghai Futures Exchange, the stainless steel inventory in the Guangdong region was 4,162 tons, unchanged from the previous day. The stainless steel inventory in the Jiangsu region totaled 39,596 tons, an increase of 239 tons from the previous day. The total inventory reached 43,758 tons, an increase of 239 tons compared to the previous trading day.

02-03 08:48

The initiative to purchase second-hand homes in Shanghai for the affordable rental housing program has been substantially launched. Relevant officials from the Shanghai Municipal Housing and Urban-Rural Development Management Commission stated that Shanghai will strengthen the alignment of supply and demand, as well as the coordination between renting and purchasing, to establish a favorable framework characterized by "policy guidance, market operation, multi-party collaboration, and public benefit." Additionally, Shanghai will promote innovation in the sourcing models for affordable rental housing by exploring the acquisition of existing residential properties in the second-hand housing market, thereby further expanding the channels for securing housing resources. Through the acquisition of existing properties, the city aims to effectively shorten construction cycles, optimize regional distribution, improve housing layouts, and accelerate the formation of an effective supply.

02-03 08:46

On February 2, the national building materials transaction volume was 46,800 tons, a decrease of 9,200 tons compared to last Friday, with the daily average transaction volume continuing. The weekly average transaction volume last week was 67,380 tons, a decrease of 10,400 tons week-on-week, indicating a slight reduction in the weekly average transaction volume of building materials.

02-03 08:44

【Non-ferrous metals】

London, Feb. 2 - Copper futures on the London Metal Exchange (LME) continued to decline on Monday, hitting a new three-week low. After reaching a record high last Thursday, profit-taking pressure and speculative selling drove copper prices lower. However, strong factory data from China helped copper prices recover significantly from their intraday lows.

02-03 08:43

According to LME data, on February 2, 2026, the total aluminum metal inventory was 497,175 metric tons, an increase of 1,450 metric tons from the previous trading day; the total aluminum alloy inventory was 1,500 metric tons, unchanged from the previous trading day.

02-03 08:43

【Lithium carbonate】

According to industry data, domestic battery production scheduling for energy storage and power applications in February 2026 decreased by approximately 10.5% month-on-month due to the Spring Festival impact, but showed a year-on-year increase of 50%.

02-03 08:39

【Crude oil】

On Monday, February 2, preliminary survey results indicated that U.S. crude oil and distillate inventories are expected to have declined last week, while gasoline inventories are projected to have increased. According to the average estimate from four analysts surveyed, U.S. crude oil inventories fell by 300,000 barrels in the week ending January 30. It is estimated that distillate inventories, including diesel and heating oil, decreased by 3.5 million barrels, while gasoline inventories are expected to have risen by approximately 400,000 barrels.

02-03 08:38

【Crude oil】

U.S. crude oil producers continued to resume well operations on Monday, with only about 0.7% of the nation's output still shut in following last month's winter storm disruptions. According to data from consultancy Energy Aspects, approximately 100,000 barrels per day of crude production remain offline, with Anadarko accounting for the majority of the losses, followed by Appalachia. Oil production in the Permian appears to have fully recovered.

02-03 08:37

【macroscopic】

According to incomplete statistics from business associations, in January 2026, 19 countries and regions launched as many as 50 anti-dumping and countervailing investigations against various commodities in my country.

02-03 08:36

【macroscopic】

According to data released by the Institute for Supply Management (ISM) on Monday, the U.S. manufacturing purchasing managers 'index (PMI) unexpectedly rose to 52.6 in January from 47.9 the previous month, entering the expansion range for the first time in nearly a year and the highest value since February 2022.

02-03 08:36

【Crude oil】

On February 2 local time, U.S. President Donald Trump announced that the United States and India had reached a trade agreement. The U.S. would reduce its "reciprocal tariffs" on India from 25% to 18%. In response, India would correspondingly lower its tariffs and non-tariff barriers on U.S. goods, eventually bringing them down to zero. Trump also stated that Prime Minister Modi had committed to significantly increase purchases of U.S. products, including American energy, technology, agricultural goods, coal, and many other products valued at over $500 billion. Additionally, Trump mentioned that Modi had agreed for India to stop purchasing Russian oil and instead buy more oil from the United States, with the possibility of also sourcing oil from Venezuela.

02-03 08:33

On February 2, the closing price of the styrene market in Asia fell by $37.5 per ton, with closing prices at $940-950 per ton FOB Korea and $940-950 per ton CFR China.

02-03 08:32

【macroscopic】

According to data released by ISM on Monday, the U.S. Manufacturing Purchasing Managers' Index (PMI) unexpectedly rose to 52.6 in January, up from 47.9 the previous month. This marks the first time in nearly a year that the index has entered expansion territory, reaching its highest level since February 2022.

02-03 08:31

On February 3, Lihuayi Weiyuan Chemical Co., Ltd. quoted the latest price of styrene at 7,500 yuan per ton, a decrease of 200 yuan per ton compared to the previous trading day.

02-03 08:29

On February 2, the closing price of paraxylene in the Asian market fell by USD 23 per ton, settling at USD 866-868 per ton FOB Korea and USD 891-893 per ton CFR China.

02-03 08:26

【Crude oil】

On February 2, international crude oil futures plummeted. The settlement price for the March contract of U.S. WTI crude oil futures was $62.14 per barrel, a decrease of $3.07 or 4.7%. The settlement price for the April contract of Brent crude oil futures was $66.30 per barrel, a drop of $3.02 or 4.4%.

02-03 08:25

【macroscopic】

U.S. President Trump said he would reduce the tariff rate on Indian goods from 25% to 18%. Trump said Indian Prime Minister Modi agreed to stop buying Russian oil and proceed to reduce tariff and non-tariff barriers to the United States to zero. Modi also promised to purchase more than US$500 billion worth of American products.

02-03 08:25

On February 2, the U.S. paraxylene market closed with a decline of $23 per ton, settling at $943-953 per ton FOB U.S. Gulf.

02-03 08:12

【macroscopic】

According to the latest data from Statistics Korea, the country's overall inflation rate in January fell to a five-month low, with the benchmark Consumer Price Index (CPI) rising by 2.0% year-on-year. This growth rate slowed from the 2.3% recorded in December and matched the annual inflation target set by the Bank of Korea.

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