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Acetic acid: over 8 million tons of domestic and foreign devices stop, inventory plummeted by more than 30%, the market bottomed out
Since mid-April, due to the impact of the epidemic, the market supply was strong and demand was weak, and the pressure on enterprises’ inventory kept rising, market prices plummeted, profits were squeezed and even touched the cost price. After entering May, the overall acetic acid market st...Read more -
Styrene: price support is not enough, limited rise, and the possibility of falling
Domestic styrene prices were up and then adjusted back to the oscillating trend. Last week, the spot high-end deal in Jiangsu at 10,150 yuan / ton, the low-end deal at 9,750 yuan / ton, the high and low end of the spread at 400 yuan / ton. Crude oil prices dominate styrene, and pure benzene remai...Read more -
Uitvoervolumes butadieen stijgen door lage vraag op binnenlandse markt en stevige CFR Noordoost-Aziatische USD-prijzen
Sinds maart hebben zich in vele delen van het land nieuwe kronen voorgedaan, waarbij Shanghai en Jilin de ernstigste gevallen zijn en de sluitingen in de steden langer hebben geduurd, zodat er ernstige gevolgen zijn voor de logistiek en het vervoer, de productie en de bedrijfsactiviteiten. Shangh...Read more -
Many domestic and foreign chemical enterprises shutdown maintenance, 5 million tons of production capacity “evaporated”, price increases are imminent, hurry to arrange for stocking
Recently, Dow issued an emergency notice that the impact of an accident by a supplier of upstream raw materials interrupted its ability to supply key raw materials to Dow’s business, therefore, Dow announced that propylene glycol suffered force majeure and stop supply, and the restoration t...Read more -
International crude oil leads the way down! Acetic acid, TDI, butanone and more than 60 chemicals fell collectively
WTI June crude oil futures settled down $2.76, or 2.62%, at $102.41 per barrel. Brent July crude oil futures settled down $2.61, or 2.42%, at $104.97 per barrel. International crude oil led the decline, more than 60 chemical raw materials fell As the most upstream basic raw materials for bulk pro...Read more -
Modified plastics industry status and development trend analysis, differentiated modified plastics, high-performance environmental protection plastics demand will further increase
Modified plastic, refers to the general-purpose plastics and engineering plastics based on the filling, blending, reinforcement and other methods of processing modified plastic products to improve the performance of flame retardancy, strength, impact resistance, toughness and other aspects. Modif...Read more -
Domestic acetone market wide oscillation, short-term weak adjustment, pay attention to downstream capacity production and epidemic policy
Since the beginning of March, the domestic acetone spot market prices have been widely oscillating. early March, due to the impact of the Russian-Ukrainian conflict continued to ferment, international crude oil prices rose to a high in recent years on March 8. Driven by this, directly driven by p...Read more -
The global acrylic acid market is accelerating to China, which has become the world’s largest supplier of acrylic acid and esters
After Idemitsu’s exit, only three Japanese acrylic acid and ester manufacturers will remain Recently, Japan’s old petrochemical giant Idemitsu announced that it will withdraw from the acrylic acid and butyl acrylate business. Idemitsu said that in recent years, the expansion of new ac...Read more -
Styrene prices are still high, but why companies are still struggling at the edge of profit and loss
Since March, the styrene market has been affected by international oil prices, the price has been a rising trend, from the head of the month of 8900 yuan / ton) rose rapidly, breaking through the 10,000 yuan mark, reaching a new high for the year. By now prices have pulled back slightly and the c...Read more -
China’s epidemic, petrochemical companies shutdown news incessantly, logistics and transportation is poor, buy goods early
April 13, 0-24 hours, 31 provinces (autonomous regions and municipalities directly under the Central Government) and the Xinjiang Production and Construction Corps reported 3020 new cases of confirmed cases. Among them, 21 imported cases (Guangxi 6 cases, Sichuan 5 cases, Fujian 4 cases, Yunnan 3...Read more -
Styrene market analysis, next week’s market forecast.
The styrene market shook up last week. The reasons for the price increase during the week are.I. High external prices, which boosted the market in terms of sentiment and mindset.Second, styrene producers unplanned shutdown / negative reduction, bringing a reduction in the supply side, the plate ...Read more -
China Polyethylene (PE) Import and Export Development Trend Analysis
The change of China’s import volume from 2004-2021 can be seen in four phases of China’s PE import volume trend since 2004, as detailed below. The first stage is 2004-2007, when China’s demand for plastics was low and PE import volume maintained a low level of operation, and Ch...Read more
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