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Keep going crazy! Freight rates doubled in July, reaching a maximum of nearly $10,000!
The Houthi armed forces’ actions have caused freight rates to continue to rise, with no signs of falling. At present, the freight rates of the four major routes and Southeast Asian routes are all showing an upward trend. In particular, the frei...Read more -
Commodity price forecast: hydrochloric acid, cyclohexane, and cement are bullish
Hydrochloric acid Key points of analysis: On April 17th, the overall price of hydrochloric acid in the domestic market increased by 2.70%. Domestic manufacturers have partially adjusted their factory prices. The upstream liquid chlorine market has recently seen high consolidation, with expectatio...Read more -
Hydrogen peroxide: The price fell after the rise
In early May, affected by emergencies, the hydrogen peroxide market rose up. As of May 8, the average price of 27.5%of the 27.5%hydrogen peroxide reached 988 yuan (ton price, the same below), a new high of the year, an increase of 27.48%from the last working day before the “May 1st”. ...Read more -
Substantial release of capacity — Will ABS fall below the 10,000 Yuan mark?
Since this year, with the continuous release of production capacity, acrylite -butadiene -lyerene cluster (ABS) market has been sluggish, and the price is approaching 10,000 yuan (ton price, the same below). Low prices, decline in operating rates, and thin profits have become portrayal of the cur...Read more -
New materials for chemical industry: Hundreds of barges compete
In the process of my country’s oil and chemical industry from large -scale manufacturing to high -quality manufacturing, innovative results in the field of new materials with low penetration rates with low domestic enterprises have sprung up like mushrooms, and their own two, polyolefin ela...Read more -
The third round of price rise of titanium dioxide this year is coming
The third round of price increases in the titanium pink industry strikes. On April 11, Longbai Group Co., Ltd. issued a price adjustment letter said, the company from now on, various types of titanium dioxide sales price on the basis of the original price of domestic customers increased 700 yuan ...Read more -
TDI production capacity first in the world! Wanhua Chemical acquisition of Juli Anti – ridge approved! City supervision Bureau additional restrictive conditions!
On April 9, Wanhua Chemical announced that the “acquisition of shares of Yantai Juli Fine Chemical Co., LTD.” had been approved by the State Administration for Market Regulation. Wanhua Chemical would acquire the controlling shares of Yantai Juli and the State Administration for Marke...Read more -
Phenol ketone industry loss situation difficult to change
After the Spring Festival, the pressure of phenol ketone industry loss eased, and even turned a profit in the middle and late February. However, in March, the price of phenol ketone recovered slightly, while the cost pushed up, and the industry fell into the red again. In the afternoon, the suppl...Read more -
Propylene oxide: capacity pressure, rising hard to appear
Since the beginning of this year, the propylene oxide market has finally got rid of the decline lasting for 3 months and re-entered the upward channel. As of March 1, the market price of propylene oxide was 10,300 yuan (ton price, the same below), with a cumulative increase of 15.15% since this y...Read more -
These chemical raw materials have fallen significantly
Recently, the Fed’s Chairman Powell’s eagle remarks caused a heating rate for interest rate hikes, and the US dollar strongly dragged down oil prices. WTI’s April crude oil futures closed down 3.58%to $ 77.58/barrel, and vomited nearly half of the increase on March 1st; Brent in...Read more
