The PO Profit Hits a New Low For the Year at the End of September
How Much Impact will the Trade War Have on China's TDI Imports and Exports?
Why is the demand for slab polyols in the peak season not high?
Covestro to Invest EUR 1.5 Billion in New World-scale MDI Plant in Baytown, USA
Impact of Sino-American Trade War on the Mattress Sector and in Turn the TDI Market
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...
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%.
The average price for September is RMB 13,400/ton, up 13.7% from RMB 11,790/ton a year earlier. According to statistics of PUdaily, however, the profit of slab polyols for the period from July to September was lower than the same period in 2017. Specifically, the average gross margin for that period in 2017 was 4.32%, whereas that number fell to 1.67% in 2018.
Highly attractive MDI market with long-term growth prospects / New 500 kilotons MDI plant to satisfy demand and accompany industry growth / NAFTA MDI capacity to reach 740 kilotons per year by end of 2024 / Extending Covestro´s regional and global MDI leadership position
The U.S. government formally imposed an additional tariff of 10% on $200 billion worth of Chinese goods on September 24, and planned to raise the tariff to 25% at the end of this year. Mattress was also included in the list of tariff...

 
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