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PUdaily, Shanghai--
At the end of September, the offer for Shandong-originated PO climbed to RMB 12800-12,950/ton. Whereas the price for propylene exceeded RMB 10,000/ton and that for liquid chlorine passed RMB 1,000/ton, highlighting the great cost pressure. As a result, the profits of PO fell under RMB 1,300/ton, the lowest level since the start of the year. The PO price rose 25% compared with the same period last year, while its profit fell by 49%.
During the National Day holiday, major PO manufacturers in Shandong raised price, meanwhile the cost of liquid chlorine declined. Now, the price of Shandong-originated PO is quoted at RMB 12,900-13,000/ton EXW on cash, and the profit stands at 2,100 yuan/tons...
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PUdaily, Shanghai-- The trade war between China and the United States, the world's two largest economies, started on July 6. Later, the war escalated. On July 11, 2018, the U.S. government announced that it decided to impose an additional tariff of 10% on $200 billion worth of Chinese goods. On August 2, it raised the tariff to 25%. On September 18, the U.S. government announced that it planned to levy an additional tariff of 10% on $200 billion worth of Chinese goods, which would take effect on September 24. On January 1, the tariff will be increased to 25%.
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PUdaily, Shanghai--
In response to the violation of WTO rules by the United States, which imposed additional tariffs on $200 billion worth of Chinese goods, and in order to safeguard China’s legitimate rights and interests, the Customs tariff Commission of the State Council announced on September 18 that it planned to impose a 5-10% additional tariff on 5,207 U.S. products, which are worth about $60 billion. The additional tariff took effect on September 24, 2018 at 12:01. TDI, MDI and other PU materials are found on the list of tariffs (for more details, please refer to PU Raw Materials will be Hit by China’s Additional Tariffs on American Imports). Today, PUdaily will review the additional tariffs on autos and predict its impact on domestic PU market...
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PUdaily, Shanghai-- Recently，the PMDI market was depressed. From August 20 to September 12, the price for Shanghai-originated goods first dropped from around RMB 18,200/ton to RMB 14,500/ton, then a small rebound occurred. later，the price again fell to RMB 14,800-15,000/ton. During the same period，the price of Wanhua’s goods decreased by RMB 1,500/ton from around 19,000 RMB/ton to 17,500 RMB/ton. At the beginning of this year, market participants didn't anticipate any bull market throughout the year, but believed that the price would probably remain above RMB 20,000/ton. So when the price fell below RMB 15,000/ton, they were startled and thrown into panic. Today PUdaily will present the picture of supply and demand based on the news and make a forecast of the future market on the basis of that...
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PUdaily, Shanghai-- In 2018, the domestic HDI hardener market changed its low-key manner that has lasted for years. Coming as a big surprise, a slow upward movement began. Facilities of most HDI manufacturers were operating well below the capacity due to the restricted HMDA (hexamethylendiamine) supply. Consequently, the overall HDI supply decreased from 2017. However, China continued to witness big increase in HDI hardener exports, which to some extent increased the strains on domestic supply. From January to July, China exported 22,600 tons of HDI hardener, higher than the same period last year. Next, PUdaily will compare China’s HDI exports for the period from January to July 2017 and those for the same period last year.
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