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Last week, the supply of spot goods in domestic BDO market was adequate as manufacturers that previously performed maintenance had resumed normal operation. It is reported that Markor Chemical’s facilities had been restarted and its operating rate had risen to 70%. Fujian Meizhouwan Chlor-alkali Industry’s BDO facilities had been restarted and spot goods from the manufacturer were available. Sinopec Great Wall Energy and Chemical had ceased operation for turnaround, which was expected to last for about 30 days. A few manufacturers still have turnaround plans in April. For example, Chongqing Jianfeng Chemicals plans to shut down its facilities for maintenance in late April. Though enquiries from downstream customers are increasing, more of them stayed on the sideline, only making purchase based on their rigid demands. Manufacturers received orders and delivered shipments as usual. Although offers from major producers remained stable, the actual transaction price was heard to decline slightly. The price remains stable on the surface, but in fact it declines. On April 11, the reference price of BDO in east China stood at RMB 11,600-11,900/ton DEL in bulk by bank draft payment...
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PUdaily, Shanghai-- In recent months, the price of PMDI fell sharply first. Later, it rallied slightly. Then it set on the downward trajectory again. According to PUdaily, the price of PMDI fell to RMB 18,000-19,500/ton before it bottomed out to reach RMB 19,800-21,400/ton. Then it started to decline again. As of April 2, the price had fallen to RMB 18,800-20,800/ton. In this article, PUdaily will analyze the cause of the roller coaster and make forecast about the market outlook by analyzing downstream consumptions...
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PUdaily, Shanghai-- In recent years, with the rapid expansion of domestic TPU capacity, TPU exports have also increased. In 2017, China’s export volume of TPU reached a new high of 48,937 tons, a significant increase of about 46% from 2016. Currently, domestic manufacturers that export TPU products include Wanhua Chemical, Huafon, BASF, Lubrizol, Shandong Inov, Huntsman and Yantai Miracll Chemical. BASF is China's largest exporter of TPU, whose major export destinations include Hong Kong, South Korea,
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PUdaily, Shanghai-- According to PUdaily, the price movement of AA (adipic acid) in China is generally consistent with that of benzene. From January to March, 2018, the overall AA market in China shows a trend of "upswing at first and later decline", which can be divided into three phases: In January 2018, the price movements of the two products were "consistent". During the two weeks before the Spring Festival, the AA price rose sharply, while the benzene price dropped. After the holiday, the price of AA fell slowly, which was again "consistent" with that of benzene...
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PUdaily, Shanghai-- Recently, the polymeric MDI price has continued to plummet. Data from PUdaily shows that last week, the PMDI price fell from RMB 20,600-23,200/ton to a 15-months low of RMB 19,300-20,800/ton , declining by RMB 1,300-2,400/ton, the largest decline in the last four months. Next, PUdaily will analyze the main factors on both supply and demand sides that contribute to the price decline...
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