Chemical Prices Today (July 7, 2026): Daily Market Trends & Price Changes

Basic Chemicals prices showed a mixed performance on July 7. Aniline recorded the strongest daily gain, rising 5.09% amid tighter spot availability and improved downstream purchasing interest. Propylene and Acetone also moved higher as refinery supply remained relatively firm and buying sentiment improved slightly following stabilization in upstream energy markets. In contrast, Methanol, Sulfur, White phosphorus, Caustic Soda, and Isopropyl alcohol continued to weaken, reflecting abundant supply and cautious downstream consumption. Although Phosphoric Acid posted a modest daily increase, its weekly and monthly performance remained under pressure, indicating that demand recovery is still limited. Industry news suggests that the easing of Middle East geopolitical disruptions has accelerated methanol supply recovery and increased import expectations, while downstream demand remains subdued, continuing to weigh on the broader chemical market. Meanwhile, crude oil prices have stabilized after recent volatility, providing limited cost support to petrochemical products but failing to reverse the overall cautious market sentiment. :contentReference[oaicite:0]{index=0}

Energy prices remained under mild downward pressure on July 7, with both Asphalt and Gasoline posting slight daily declines of 0.12% and 0.11%, respectively. The weakness largely reflected softer feedstock costs after international crude oil prices retreated, while domestic fuel demand remained seasonally subdued. Industry news indicates that China has implemented another significant reduction in domestic gasoline and diesel retail prices following the sharp decline in global crude oil prices as Middle East supply concerns eased. At the same time, recovering oil supply expectations and cautious fuel consumption continue to limit upside momentum across the energy market, leaving asphalt and refined fuel prices under moderate pressure despite relatively stable refinery operating rates.