Latest Information on Bulk Raw Materials

Macro

1. [Import and Export] According to customs statistics, in the first five months of this year, the total value of my country's import and export of goods was 17.94 trillion yuan, a year-on-year increase of 2.5%. Among them, exports were 10.67 trillion yuan, an increase of 7.2%; imports were 7.27 trillion yuan, a decrease of 3.8%. In May, the total value of my country's import and export of goods was 3.81 trillion yuan, an increase of 2.7%. Among them, exports were 2.28 trillion yuan, an increase of 6.3%; imports were 1.53 trillion yuan, a decrease of 2.1%.

2. [Excavator] China Construction Machinery Industry Association: 18,202 excavators of various types were sold in May 2025, an increase of 2.12% year-on-year. Among them, domestic sales were 8,392 units, a year-on-year decrease of 1.48%; exports were 9,810 units, a year-on-year increase of 5.42%. From January to May, a total of 101,700 excavators were sold, a year-on-year increase of 17.4%; of which 57,501 were sold domestically, a year-on-year increase of 25.7%; and 44,215 were exported, a year-on-year increase of 8.2%.

3. [Automobile] According to the data of the Passenger Car Association, the national passenger car market retailed 1.96 million vehicles in May, a year-on-year increase of 13.9% and a month-on-month increase of 10%; from January to May, the national passenger car market retailed a total of 8.934 million vehicles, a year-on-year increase of 9.5%. Among them, the new energy passenger car market retailed 1.021 million vehicles in May, a year-on-year increase of 28.2% and a month-on-month increase of 12.1%; from January to May, the cumulative retail sales were 4.351 million vehicles, an increase of 34.1%.

4. [US inflation expectations] According to the New York Fed survey data, US consumers' future inflation expectations fell across the board in May, the first time since 2024, among which the one-year inflation expectations fell the most, from 3.6% in April to 3.2%, and the three-year and five-year inflation expectations also fell.

Energy

1. [Crude oil] On June 9, international crude oil futures rose. The settlement price of the July contract of US WTI crude oil futures was US$65.29 per barrel, an increase of US$0.71 or 1.1%. The settlement price of the August contract of Brent crude oil futures was US$67.04 per barrel, an increase of US$0.57 or 0.9%.

2. [Coal] Customs data showed that China imported 36.04 million tons of coal and lignite in May 2025, a decrease of 1.785 million tons from the previous month, a month-on-month decrease of 4.7%; the cumulative imports of coal and lignite from January to May were 188.671 million tons, a year-on-year decrease of 7.9%.

3. [Steam coal] As of June 8, the inventory of the eight ports around Bohai Sea was 27.27 million tons, a daily increase of 50,000 tons from the previous month.

4. [Coking coal] On June 9, the price of coking coal in Jinzhong market was reduced by 10 RMB/ton. The ex-factory price of medium sulfur main coking coal A10.5, S1.3, V25, G80, CSR65, and lithofacies 0.15 was 960 RMB/ton including tax.

5. [Petroleum coke] On June 9, the price of sponge coke of Shangneng Petrochemical was 1550 RMB/ton, which was reduced by 20 RMB/ton compared with the previous trading day. The sulfur content was about 4.2, and the daily output of petroleum coke was 600 tons.

Chemicals

1. [Nitric acid] On June 8, the largest single nitric acid unit in the country (1200 tons/day) - the nitric acid ammonia oxidation furnace of the Zhejiang Petrochemical High-end New Materials Nitric Acid Unit, which was manufactured by China Chemical Saiding Company and Equipment Technology Company, was successfully shipped in Shanghai.

2. [Yellow phosphorus] On June 9, the yellow phosphorus unit of Yunnan Nanlin Inspection Division was shut down, and it is planned to resume production of one electric furnace on the 10th of this month.

3. [MDI] It is understood that the Kumho MDI unit (200,000 tons/year) in South Korea plans to shut down for maintenance at the end of May for a month.

4. [Soda ash] On June 9, the total inventory of domestic soda ash manufacturers was 1.6783 million tons, an increase of 51,300 tons from last Thursday, an increase of 3.15%; among them, the inventory of light soda ash was 827,500 tons and the inventory of heavy soda ash was 850,800 tons.

5. [Ethylene glycol] As of June 9, the total inventory of MEG ports in the main port area of ​​East China was 547,100 tons, a decrease of 50,900 tons from the previous period.

6. [Diethylene glycol] From June 6 to 8, the total shipment of the two warehouses in Zhangjiagang was 3,548 tons, and the average daily shipment on weekends was about 1,183 tons. As of now, the inventory of the two warehouses is 34,300 tons.

7. [TDI] It is understood that the latest TDI execution price of a large factory in Shanghai is 12,850 RMB/ton, which is 850 RMB/ton lower than the previous month.

8. [Aniline] On June 10, Jiangsu Fuqiang's 100,000 tons/year unit has been put into full load operation, and the price has been increased by 50 RMB/ton. The spot exchange rate is 7,150 RMB/ton. Please discuss the actual order in detail.

9. [Sulfur] On June 10, Shandong Lihuayi's sulfur unit was operating normally. The industrial sulfur price was 2,250 RMB/ton and the liquid sulfur price was 2,250 RMB/ton, which was 50 RMB/ton lower than the previous day.

10. [Activated carbon] On June 9, Henan Kaijie's fruit shell activated carbon with an iodine value of 300 was quoted at 4,600 RMB/ton, and the coal tar columnar activated carbon was quoted at 13,000 RMB/ton, with a price increase of 50 RMB/ton. The current monthly output of activated carbon is 300 tons.

Rubber and Plastic

1. [PA66] On the morning of June 6, the 100,000 tons/year Acean unit of China Pingmei Shenma Group was put into production and the launch ceremony of the 200,000 tons/year Acean project was held in my country Nylon City, marking a major breakthrough in the situation where the key raw material of nylon 66, adiponitrile, has long been "stuck" by foreign chemical giants.

2. [PP] Zhenhai Refining and Chemical (Sinopec East China) has three units with a PP production capacity of 800,000 tons/year. The current full-line load is normal, and the new 4th line is expected to be put into production on June 19. Line 1 is scheduled to enter maintenance for about two months on June 18, and Line 3 has maintenance arrangements in the fourth quarter.

3. [PE] On June 9, Yangzi Petrochemical, 200,000 tons of full-density unit turned to 7042, 120,000 tons of HDPE A line produced 5610T, 80,000 tons of HDPE B line turned to 060F, and 70,000 tons of HDPE C line produced 5000S. Yangzi Petrochemical (East China Branch) 7042 quoted 7250 RMB/ton, the quotation is stable; 5000S quoted 7900 RMB/ton, down 100 RMB/ton.

4. [Butadiene rubber] On June 9, PetroChina Northwest Sales Company raised the price of butadiene rubber by 200 RMB/ton, Dushanzi butadiene warehouse raised the price to 11650 RMB/ton, and Northwest warehouse raised the price.

5. [Rubber] According to the data of the General Administration of Customs, China imported a total of 607,000 tons of natural and synthetic rubber (including latex) in May 2025, a month-on-month decrease of 11.39% from 685,000 tons in April 2025.

Textile

1. [PTA] Ningbo Formosa Chemical's 1.2 million tons PTA unit restarted on April 26 and is scheduled to stop on June 10; another 1.5 million tons PTA unit began to stop on May 6 and restarted on May 29.

Jiaxing Petrochemical has a total PTA capacity of 3.7 million tons/year, of which the 1# 1.5 million tons unit was shut down on June 8.

Dushan Energy's 3 million tons PTA unit was shut down on May 29 and restarted on June 8.

Yisheng Dahua has a total PTA capacity of 6 million tons/year, of which the 1# 2.25 million tons unit was shut down on April 26 and restarted on June 5.

2. [Polyester FDY] On June 9, Zhejiang Kaishi Polyester Filament's price was reduced by 50-100, semi-gloss FDY: 54/24 reported 7500, 75/36 reported 7200, 100/48 reported 7150, 150/36 reported 7150, 150/96 reported 7150.

3. [Polyester staple fiber] On June 9, the price of polyester staple fiber of Zhejiang Hengyi Petrochemical was temporarily stable, among which the semi-dull 1.56*38 cotton staple fiber of Hengyi High-tech, Hengming Chemical Fiber, Suqian Yida, and Fujian Yijin was 6,750 RMB/ton, which was the same as the price of the previous trading day.

4. [Lint cotton] According to the data of the National Cotton Market Monitoring System, as of June 5, the national new cotton picking has been completed and the national delivery has basically ended. The national processing rate is 100%, which is the same as the same period last year and the same as the average of the past four years; the national sales rate is 88.2%, which is 6.9 percentage points higher than the same period last year and 5.8 percentage points higher than the average of the past four years.

5. [Lint cotton] The weekly crop growth report released by the U.S. Department of Agriculture (USDA) shows that as of the week of June 8, the quality rate of U.S. cotton was 49%, 49% in the previous week, and 56% in the same period last year. The cotton planting rate was 76%, 66% in the previous week, 79% in the same period last year, and the five-year average was 80%. The cotton bud rate was 12%, 8% last week, 13% in the same period last year, and the five-year average was 12%.

6. [Lint Cotton] The agricultural product export data of the Brazilian Ministry of Commerce showed that in the first week of June 2025, a total of 5 working days, a total of 35,500 tons of unprocessed cotton were shipped, compared with 160,400 tons in June last year. The average daily shipment volume was 7,100 tons/day, a decrease of 11.52% from 8,000 tons/day in June last year.

Steel

1. [Galvanized Sheet] On June 9, statistics showed that 154 national galvanized enterprises had a total transaction volume of 16,032 tons, a decrease of 241 tons from the previous trading day, a decrease of 1.48%. The region with the largest decrease was East China, which decreased by 160 tons from the previous trading day, a decrease of 2.97%.

2. [Iron Ore] On June 9, the national main port iron ore transaction volume was 850,000 tons, a month-on-month increase of 14.4%; 237 mainstream traders traded 102,500 tons of construction steel, a month-on-month decrease of 1.8%.

3. [Iron Ore] From June 2 to June 6, the total inventory of imported iron ore in 47 ports across the country was 144.0031 million tons, a month-on-month decrease of 692,700 tons; the total inventory of imported iron ore in 45 ports across the country was 138.2669 million tons, a month-on-month decrease of 398,900 tons.

4. [Iron Ore] Customs data showed that China imported 98.131 million tons of iron ore and its concentrate in May 2025, a decrease of 5.007 million tons from the previous month, a month-on-month decrease of 4.9%; the cumulative import of iron ore and its concentrate from January to May was 486.409 million tons, a year-on-year decrease of 5.2%.

5. [Steel] Customs data show that China exported 10.578 million tons of steel in May 2025, an increase of 116,000 tons from the previous month, a month-on-month increase of 1.1%; from January to May, the cumulative export of steel was 48.469 million tons, a year-on-year increase of 8.9%. In May, China imported 481,000 tons of steel, a decrease of 41,000 tons from the previous month, a month-on-month decrease of 7.9%; from January to May, the cumulative import of steel was 2.553 million tons, a year-on-year decrease of 16.1%.

6. [Steel] Survey data show that the actual steel purchase volume of construction companies in May was 5.57 million tons, a month-on-month decrease of 1.4%; the actual purchase volume in June is expected to decrease by about 3% month-on-month.

Nonferrous metals

1. [Aluminum alloy] According to the relevant provisions of the Shanghai Futures Exchange Trading Rules, the base price of the cast aluminum alloy futures contract is hereby notified as follows: the base price of AD2511, AD2512, AD2601, AD2602, AD2603, AD2604, and AD2605 contracts is 18,365 RMB/ton.

2. [Aluminum] Aluminum Corporation of China: The spot prices of aluminum ingots (AL99.70) in various regions on June 9 are as follows: the East China market quoted 20,210 RMB/ton, the South China market quoted 20,080 RMB/ton, the Southwest market quoted 20,110 RMB/ton, and the Central Plains market quoted 20,150 RMB/ton; compared with the previous trading day, they fell by 20 RMB/ton, 10 RMB/ton, 20 RMB/ton, and 20 RMB/ton, respectively.

3. [Copper] Customs data showed that China's imports of unwrought copper and copper products in May were 427,000 tons, and the imports of unwrought copper and copper products in January-May were 2.169 million tons, a year-on-year decrease of 6.7%.

4. [Copper ore sand] Customs data showed that China's imports of copper ore sand and its concentrates in May were 2.395 million tons, and the imports of copper ore sand and its concentrates in January-May were 12.406 million tons, a year-on-year increase of 7.4%.

Building materials

1. [Glass] The ignition ceremony of the automotive glass production line of Shahe Xinli Line 2 (designed capacity 650 tons/day) was held on June 6.

Luoyang Longhai Electronic Glass Line 2 of Luoyang CGF (designed capacity 250 tons/day) was ignited on June 6.

Wujiang CGF Wujiang Line 1 (designed capacity 600 tons/day) plans to release water on June 6.

2. [Waste paper] On June 9, Nine Dragons Paper in Quanzhou, Fujian Province, reduced the purchase price of waste paper by 20 RMB/ton, and the adjusted ex-factory price was 1,560 RMB/ton.

Nine Dragons Paper in Dongguan, Guangdong Province, reduced the purchase price of waste paper by 20 RMB/ton, and the adjusted ex-factory price was 1,580 RMB/ton.

Jingxing Paper in Jiaxing, Zhejiang Province, increased the purchase price of waste paper by 20 RMB/ton, and the adjusted ex-factory price without invoice was 1,570 RMB/ton.

3. [Pulp] Recently, Metsä Fibre, a subsidiary of the Metsä Group, is preparing to temporarily close its pulp mill in Joutseno NBSK. The shutdown will start on June 9, and production will be suspended until further notice.

Agricultural and sideline products

1. [Grain] Customs data show that my country's cumulative grain imports from January to May 2025 were 48.368 million tons, a year-on-year decrease of 29.7%; the import amount was 146.47 billion yuan, a decrease of 30.1% from last year.

2. [Soybean] Customs data show that China imported 13.918 million tons of soybeans in May 2025; the cumulative soybean imports from January to May 2025 were 37.108 million tons, a year-on-year decrease of 0.7%.

3. [Vegetable oil] Customs data show that China imported 462,000 tons of vegetable oil in May 2025; the cumulative imports of edible oil from January to May 2025 were 2.491 million tons, a year-on-year decrease of 12.9%.

4. [Palm oil] As of June 1, 2025, the EU imported 830,000 tons of palm oil from Indonesia in the 2024/25 fiscal year (from July to June of the following year), an increase of 20,000 tons from a week ago and a decrease of 24.7% from 1.1 million tons in the same period last year (a decrease of 24.6% last week). Indonesia's share of the EU's total palm oil imports also fell from 33.9% last year to 31.5%.

5. [Soybean meal] EU data showed that the total soybean meal imports of the EU in the 2024/25 fiscal year so far increased by 26% year-on-year, of which imports from Ukraine increased by 74%.

6. [Soybean meal] The Brazilian National Association of Cereal Exporters (ANEC) said that Brazil will export 1.291 million tons of soybean meal in June 2025, down from 2.186 million tons in May and 2.048 million tons in June last year.

7. [Grain] The Ukrainian Ministry of Agriculture said that as of June 6, Ukraine's grain exports in the 2024/25 fiscal year (starting in July) were 38.65 million tons, a year-on-year decrease of 9.09 million tons or 19.0%.

8. [Rapeseed] The Romanian Ministry of Agriculture said that in 2025, the rapeseed planting area in Romania exceeded 700,000 hectares, setting a record high.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.