Pudaily Hot News

Review of China PU Index Trends in Oct. and Outlook for Nov.
2020-10-29
During the peak season of the China PU raw material market in October, China PU market overall slowly rebounded, with the slow recovery of downstream demand. Most of the PU raw material markets rose. The composite index continued to rise in October, and some products fell back at a high level. PUdaily monitored and analyzed the prices of PU products and the October PU index. The details are as follows...
BHI Continued to Climb in September
2020-10-28
BHI, the abbreviation of National Building Materials Home Furnishing Index, is jointly published by the Department of Circulation Industry Development of the Ministry of Commerce and China Building Materials Circulation Association. The index reflects prosperity and trend in the market of building materials and home furnishing...
Covestro with Significant Growth in Volume and Earnings in Third Quarter
2020-10-28
In the third quarter of 2020, Covestro increased core volumes by 3.0% year-on-year as the result of a significant improvement in demand. This development was largely driven by volume growth in the APAC region, particularly in China. At the same time, Group sales were down by 12.7% to around EUR 2.8 billion due to lower selling prices. As communicated on October 9, 2020, as preliminary key financial figures, at the time of publication EBITDA outperformed capital market expectations for the third quarter of 2020. At EUR 456 million, this figure was up by 7.3% over the prior-year quarter. The increase is attributable mainly to a lower cost level achieved with cost-cutting measures...
Recent Device Dynamics Overview of PU Producers in China and Abroad
2020-10-23
Recently, some major MDI/TDI producers in Asia are under/will intensively maintenance,in addition, some MDI plants in America shut down or reduce production due to raw material shortage...
PU Raw Material Boom Continues to Improve after the Holiday, Where is the Market Heading?
2020-10-23
After the holiday, PU market continues to improve, PU composite index runs fluctuatingly upward, mainly driven by pure MDI and polymeric MDI raw materials rise sharply. TDI and soft foam polyether end the initial upward trend by running into the consolidation. PO, adipic acid, BDO and PTMEG are in steadily rising trend. The specific changes of each product are as follow...
Wanhua Chemical Released 2020Q3 Financial Report
2020-10-22
Wanhua Chemical released on October 22, "2020Q3 Financial Report"showed that the company achieved 49.232 billion yuan of operating income in the first three quarters of 2020,an increase of ...
China's GDP Grew by 4.9% in Q3
2020-10-21
China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics.The world’s second-largest economy reported third-quarter GDP...
Supply Shortage Evident in US MDI Market
2020-10-20
Since the beginning of this month, Dow and Covestro have announced force majeure at their U.S. MDI plants. Huntsman's MDI plant in Geismar, Louisiana, has also partially shut down, with all three producers pointing to raw material shortages as the main reason for their declining operating rates...
Why Do TDI Factory Released a Mix of Good News and Bad News?
2020-10-15
Pudaily，Shanghai -- This morning, Covestro lowered its fixed offer for TDI by RMB 2,400/ton from RMB 19,600/ton to RMB 17,200/ton and decided to reduce supply...
Recent Domestic MDI Market Performance——Horse Get a Rapider Moving,When My Lucky Time Comes,Even the Spring Wind is Proud for Me
2020-10-14
Pudaily, Shanghai -- To describe the recent domestic MDI market as "Horse get a rapider moving, when my lucky time comes, even the spring wind is proud for me. View all the flowers of Chang’an in a day", especially the supplier market, can we find some empathy with it...
Brief Analysis of Shanghai Chemical Industry Economic Operation in the First Half of 2020
2020-10-13
Pudaily, Shanghai -- According to data released by the Shanghai Municipal Bureau of Statistics, Shanghai's petrochemical and fine chemical manufacturing industry achieved a total industrial output value of RMB 28.037 billion in June, up by 2.68 percent MoM, and 5.5 percent year-on-year; the total industrial output value completed from January to June was RMB 159.724 billion...
How did China's Coatings Industry perform in H1?
2020-10-13
TPudaily, Shanghai -- Time flies! the "golden September" is already behind us, and we are now in October. Today, using the data from China Coatings Industry Association, Pudaily will review the performance of China’s coating industry in the first half of the year and forecast its performance in the fourth quarter...
PU Raw Material Markets Pull up with List Prices Increased in ‘Silver October’
2020-10-09
Pudaily, Shanghai -- Affected by the pandemic in the first half of the year, the overall performance of the PU industry was dismal, and the market turned over against the wind in the second half of the year. As “Golden September & Silver October” has passed halfway, and the prices of most domestic PU raw materials continue to hit record highs......
National Holiday Notice
2020-09-29
According to the national regulation and our company's schedule, we will be on holiday from October 1st, 2020 to October 8th, 2020. During these days, our website and Wechat...
Brief Analysis on China's MDI Import and Export in August 2020
2020-09-28
Pudaily, Shanghai -- In August 2020, China's import volume of polymeric MDI was 32,734.84 tons, down by 25.8% QoQ and up by 53.3% YoY. From January to August 2020, China's cumulative import volume of polymeric MDI was 252,285 tons, up by 23.1% YoY. Saudi Arabia, Japan and South Korea were the top three import sources of China's polymeric MDI (by import weight) in August. Polymeric MDI imports from these three countries accounted for 93% of the total volume in the month...
TDI price Consolidates at High Level as Prices for PO and Polyether Polyols Hit New Highs: How Will the Markets Perform Before the National Day Holiday?
2020-09-27
PUdaily,Shanghai-- Recently, the domestic PO and polyether polyols prices rose continuously,reaching their new highs. Meanwhile,TDI saw a price correction...
Toyochem Adds Ultra-high Solids PU Adhesives
2020-09-25
TOKYO—A new series of ultra-high solids polyurethane pressure-sensitive adhesives has been added to Toyochem's Cyabine range. The adhesives have a solids content of more than...
BASF to Cut up to 2,000 Jobs by 2022 from Business Services Unit
2020-09-23
BASF says it will reduce the number of employees in its global business services unit, which it established at the start of this year, by up to 2,000, almost 24% of the unit's total...
Analysis on Reasons for Strong Rise of PU Price in China Recently
2020-09-22
From January to July this year, domestic and overseas TDI market prices showed a bottom fluctuating trend. On September 16, the average price of domestic TDI ...
How Will the Rising Isocyanate and PO Markets Perform Next Week?
2020-09-15
PUdaily, Shanghai —— Recently PU market has further picked up, and the overall PU composite index is on the rise under the influence of resin index, soft foam index and rigid foam index...

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