Chinese DMC Market Ran Upwards Continually (Dec 8-14, 2017)

During December 8-14, the Chinese dimethyl carbonate (DMC) market was stirred up. The downstream market was thin, which did not support the demand for DMC. Furthermore, the DMC units in East China restarted gradually. However, as the inventory was low and factories operated for previous contracts, the supply was flat. Moreover, influenced by the air pollution control, the supply of DMC was unclear. With the propylene oxide (PO) price increasing continually, the DMC producers felt hard to purchase raw materials, which supported players’ sentiment. As a result, the DMC offers went upwards. The downstream users showed poor interest in purchasing, because they stocked goods before. The trades were flat in the DMC market. The negotiation price of Chinese DMC was in the range of RMB 6,400-6,700/mt by acceptance.

Demand for Propylene Glycol Was Limited and the Market Decreased

Demand for Propylene Glycol Was Limited and the Market Decreased (Aug 25-31)

The propylene glycol market continued decreasing this week. As the supply in North China declined, the propylene oxide (PO) market stopped decreasing and the PO price was RMB 12,000/mt. The units in Yankuang Group, Shandong Depu Chemical, Shandong Wells Chemicals and Linggu Chemical underwent maintenance, and did not restart yet.The operating rates in Shandong Shida and Haike Group were in a low level. The propylene glycol factories had less sale pressure. The prices showed a downtrend. The holders were willling to sell their goods in a high price. The negotiation was quite low.

The operating rate in downstream was in a low level, influenced by the environment protection supervision. The demand for propylene glycol was limited, the inventory in part of factories was still sufficient and users had weak interest in stocking goods.

In mid-week, the few low-priced prders were on a need-to basis. Up to August 31, the mainstream quotation of propylene glycol was in the range of RMB 9,100-9,600/mt by acceptance. The dealing prices were flexible. 

source: http://info.echemi.com/en-price/8036.html

Adipic Acid Market Moved up This Week

Adipic Acid Market Moved up This Week  (Aug 25-31, 2017)

Review:

The Chinese adipic acid market moved up this week. In this week, Sinopec raised benzene prices again by RMB 200/mt, which stimulated the market sentiments. Then, adipic acid producers raised the posted prices of adipic acid. The mainstream negotiation prices for adipic acid in East China were around RMB 9,343/mt, which was up 1.55% from last week.

Forecast:

The benzene market will remain firm next week. And adipic acid producers are bullish about the market and the downstream demand for adipic acid will be followed in time. It is predicted that the adipic acid market will be firm next week. 

source: http://info.echemi.com/en-price/8038.html

Acetone Market Was Stable First and then Increased (Aug 25-31,2017)

The acetone market fluctuated marginally this week, which decreased first and then decreased slightly. The acetone market was at the bottom for quite a long time. The rigid demand for acetone was weak, which was the reason for decreasing price. However, the raw material prices increased and the pressure on production cost of phenolic ketone increased which supported the acetone market. Also, as the acetone price was low and deflected its value, the players increased the acetone price. The downstream users began to purchase goods. As a result, the acetone market increased moderately.

Up to August 31, the acetone price in Jiangsu market was in the range of RMB 5,600-5,650/mt, which was up RMB 100/mt. The average price of acetone was RMB 5530/mt, which was down RMB 55/mt. 

Forecast

The phenolic ketone units will run stably in the short term, so the supply will be normal. Part downstream users will begin to purchase goods. However, as the environment protection supervision will be still strict, it is predicted that the downstream demand will be hard to recover in the short term. The raw material market will be in uptrend, and the cost of Chinese phenolic ketone units will be in a high level. The phenol will show a uptrend, but this cannot release the pressure of production cost. It is predicted that the demand for acetone will be flat and the market will fluctuate marginally. 

source: http://info.echemi.com/en-news-focus/8039.html

Export Analysis and Forecast of Chinese Titanium Dioxide

China is one of the biggest titanium dioxide producers in the world and is also the largest exporter of titanium dioxide. In recent years, the export volume of Chinese titanium dioxide has increased stably. In 2011, the export volume was only 380kt. In 2016, the volume reached 720kt. The growth rate reached 95%. The average monthly export volume was only 20kt or so in 2011 while that reached above 50kt in 2017.
India, Indonesia and Vietnam have seen the fastest growth of titanium dioxide’s export. The amount of titanium dioxide exported to India is huge. At the beginning of 2011, the monthly export volume to India was less than 2kt. In May 2017, the monthly export volume reached 6kt.
But, is there titanium dioxide capacity in India?
According to Echemi’s data, the total capacity of titanium dioxide in India is less than 100kt/a. Moreover, the output is limited. The total demand is around 200kt per year and around 60%-70% of titanium dioxide need to be imported from other countries.
It is predicted that the export volume to India will continue to increase. Reasons are as follows:
First, India is the emerging economic entity and the development potential is great. The major application of titanium dioxide is coating. Given the population size in India, the development of real estate will be huge. So, the demand for titanium dioxide will be large.
Second, the economic growth is fast and the GDP in 2016 reached 6.6%. The demand for titanium in the industry application will increase, too.
Third, India lacks developed production technology of titanium dioxide. The growth of capacity will be slow.
Finally, the titanium ore in India mainly locates in costal areas in South India and it is hard to mine on the environmental problem.
China’s titanium dioxide export will keep increasing with the quality improvement of titanium dioxide and the enhanced status in the global market. With the development of some less developed countries, the demand for Chinese-made titanium dioxide will be huge.

souce: http://info.echemi.com/en-price/5984.html

Titanium Dioxide Market: The Downstream Demand Was at a Low Level

1. Rutile Titanium Dioxide Market

The negotiation prices of Chinese rutiletitanium dioxide showed a downtrend. The inventory increased gradually influenced by the decreasing demand from downstream. Although devices in part of factories were stopped and the some factories decreased operating rate, the Chinese rutile titanium dioxide market was still weak and the price was hard to increase. The negotiation price of leading producers was firm, while negotiation prices of other producers continued decreasing. The downstream players and traders showed a bearish attitude and maintained basic purchases. Up to July 6, the mainstream negotiation prices of Chinese rutile titanium dioxide were in the range of RMB 17,000-18,000/mt. Some lower prices were heard to be under RMB 17,000/mt.
2.Anatase Titanium DioxideMarket

The overall negotiation prices of anatase titanium dioxide were in a downtrend, as the inventory increased continually and the demand from downstream was low. The factories suffered sales pressure and the prices of inventory were high. Although devices in some factories took overhaul, the anatase titanium dioxide market was still weak. Up to July 6, the mainstream reference prices of anatase titanium dioxide were around RMB 14,300-15,000/mt by acceptance with VAT.
3. Forecast
The operating rate in the titanium dioxide industry will be low, which will be under 60%. As the devices in part of factories will be shut or undergo maintenance, the supply of titanium dioxide will decrease. However, the titanium dioxide price will decrease influenced by the increasing inventory. It is predicted that the titanium dioxide market will be weak and the price will drop.
source : http://info.echemi.com/en-news-paint/5944.html

Biocides Market Global Analysis & Opportunity Assessment 2017-2027

As per European legislation, a biocide is a microorganism or chemical substance meant to destroy, render harmless, deter or control a harmful organism through either biological or chemical means. Some types of biocides sold in the global biocides market include metallic compounds, halogen compounds, organic acids, organosulfur, phenolics and many others. Biocides are widely used in wood preservation, water treatment, personal care, food & beverages and the paint & coating industry,according to a report Future Market Insights.

Biocides find application in the painting industry as an additive that prevents the paint from getting spoiled during lengthy storage periods and it also prevents algae and fungi from growing on the paint. The damage to any surface coated with paint or coating material caused by the microbial attack is always an area of great concern in the painting industry. Polymers help prevent degradation of sensorial and physical properties, both inside the material and on the surface.

Silver based biocides are useful in consumer products because of their high thermal stability and environmental safety. Organosulfur biocides are used in oil refineries as they are less reactive than Hydrochloric acid (HCl) or a mixture of HCl and Hydrofluoric acid (HF). Yet the largest market share is still held by halogen compounds.

Factors influencing revenue growth

The water treatment sector is likely to be a good consumer of biocides and it is anticipated to be the biggest driver of future growth as well. This is largely due to ever-rising demand for treated water for both industrial and municipal use from various end-use industries across the world.

A rapidly growing population, especially in developing countries is expected to fuel further demand as clean water is essential and is becoming more difficult to access. An emphasis by governments in both developing and developed countries on clean water supply should expand the size of the global biocides market. Biocides provide nearly unparalleled benefits in water treatment, amongst many other sectors.

Another key area predicted to show growth is the food & beverage industry. Developed countries in North America and the European Union have extremely stringent safety norms that must be complied with. In addition, the Asia Pacific region has a growing food & beverage industry. Food preservatives have seen a rapid uptake in adoption worldwide as people wish to store food for longer periods of time. These factors should benefit the biocides market in the food & beverage industry.

Greater focus on the environment and eco-friendly product emphasis is expected to be the third major driver of the global biocides market. Halogen compounds may be of use in this case as they are powerful bacterial growth control agents.

Halogen compounds are cost-effective, efficient, can be used in a variety of applications and encounter relatively lower resistance. Biocides that comply with increasingly stricter environmental norms should find a ready market in the developed world and there are even eco-friendly biocides and organic acids now that are relatively easier to market in these regions.

Key regions

North America is anticipated to be the largest region for biocides. This is owing to the presence of a large number of companies in the region-specialising in nearly every industry including food & beverages, water purification and painting & coating, all of which are the largest consumers of biocides. The market to target for future growth is undoubtedly the Asia-Pacific region, led by China and closely followed by India.

The main reasons for this are - a large amount of investment being made in the water purification industry to cater to the vast population’s demand for clean water, a painting industry that will grow in tandem with urbanisation and construction activities, and an eventual focus on environmentally friendly products. Europe is a largely mature market and is not anticipated to show much growth in the forecast period.

Some of the key market players in the biocides market include Melzer Chemicals Pvt Ltd, The Dow Chemical Company, Baker Hughes Inc and AkzoNobel NV.

source:http://info.echemi.com/en-news-others/5835.html

India Carbon Black Market to Exceed $2 bn by 2026 – Report

Robust growth in tire manufacturing industries and increasing production of automotive units to drive consumption of carbon black in India through 2026.

According to TechSci Research report, “India Carbon Black Market By Type, By Application, Competition Forecast and Opportunities, 2012-2026’’, India carbon black market is forecast to surpass $2 billion by 2026.

Carbon black is a pure elemental form of carbon and is available as a fine powder and pellets. Carbon black is majorly used as key raw material in tire, industrial rubber, belt & hoses and other product manufacturing industries. On the basis of type, carbon black is segmented into two categories - commodity carbon black and speciality carbon black.

Commodity carbon black is widely used in rubber and plastics manufacturing industries, owing to its excellent reinforcing properties. Whereas speciality carbon black is majorly used to provide colour, conductivity and ultraviolet (UV) protection in paints, coatings, printing inks, cosmetics, tonners, etc. Booming industrial sector coupled with growing expansions of leading tire, rubber and paints companies in India is expected to boost demand for carbon black in the country through 2026.

Tire manufacturing dominated demand for carbon black in India. Carbon black is used in manufacturing automotive tires to enhance dampening property of rubber, provide sufficient road grip, transmit steering forces to guide vehicle and enhance durability to enable use at high speeds and longer durations. Additionally, carbon black also possesses conductive properties, which is necessary for grounding tires.

Growing investments in automobile manufacturing sector in India for setting up new production facilities has driven leading tire manufacturing companies to expand their production base. India tire production grew from 128.17 million unit in 2012 to 145.26 million unit in 2015. Rising expansion of both domestic and international tire manufacturing companies in India is anticipated to increase consumption of carbon black as reinforcement filler in tire production.

“Apart from tire manufacturing, large quantities of carbon black are also being used in manufacturing industrial rubber, belts & hoses, paints & coatings and printing inks. Carbon black is used as a key ingredient in moulding and extrusion of industrial rubbers to provide high performance and efficiency. During 2012-2015, consumption of rubber (natural & synthetic) from non-tire segment grew at a CAGR of 3.09 percent,” said Karan Chechi, research director with TechSci Research, a research based global management consulting firm.

“Continuous growth of industrial sector, increasing number of product manufacturing facilities in India coupled with growing installation of fully automated operations in food processing and goods manufacturing industries are expected to drive demand for conveyor belts, hydraulic and fuel hoses and thereby raise consumption of carbon black as an additive. Increasing investments and rising number of production facilities engaged in the production of rubber goods are anticipated to propel demand for carbon black in the country in the coming years as well,’’ added Chechi.

“India Carbon Black Market By Type, By Application, Competition Forecast and Opportunities, 2012-2026” has evaluated the future growth potential of India carbon black market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities in India carbon black market.

source:http://info.echemi.com/en-news-others/5834.html

Pakistan Invites Chinese Investors

China and Pakistan will cooperate on the development of the textile and apparel sector of both countries.

This will include promotion of trade and investment cooperation, exchange of ideas for developing the sector, organizing and participating in fairs, exchange of information and support in business partner search, visits and event participation, training and working group arrangements.

The rising cost of business and environmental issues in China have made Pakistan an ideal destination for relocation of the Chinese textile industry.

The aim is multidisciplinary, multiple-format, diversified development of modern textile enterprises in the future. Chinese investors have been invited to take advantage of liberal trade and investment policies in Pakistan by entering into joint ventures with Pakistani entrepreneurs in the textile industry.

Pakistan allows foreign direct investment in all sectors, treats local and foreign investment equally, permits 100 per cent foreign equity investment, requires no government sanction and allows remittance of royalty, technical and franchise fee, capital, profits and dividends.

Another reason for the Chinese to invest in the textile sector of Pakistan is that the cost of doing business in Pakistan is lower compared to China.

Pakistan’s export-led growth package includes zero-rated sales tax for the textile industry, drawback of local taxes and levies at four per cent on yarn and grey fabric, five per cent on processed fabric, six per cent on textile made-ups and seven per cent on textile garments against the realisation of export proceeds.

source：http://info.echemi.com/en-news-textile/5820.html

Echemi's Chemical Price Trend

As one leading B2B platform in China, Echemi is not only prefessional in the B2B business but also focuses on providing information. After the online of Exhibition and News pages, now Echemi specially introducing the Price Trend page!
 
On the top of the page, there are three major parts: Banner, Recommended News and Buyers’Quick Access (from left to right). The Banner part offers the latest trends of China’s chemicals market and deep analysis of industries. From this part, you can easily get the hot topics and promising development of China’s chemical industry. Then, the Recommended News in the center, shows the news which is read by most people. This part provides the hot news to users quickly. Finally, the Buyers’ Quick Access helps buyers reach the page they want to go, which will save a lot of time.
In the middle of the page, there are two parts: Weekly Price and Chemical News. Firstly, the weekly price is the essence of the page. It provides the latest prices and shows the changes. Moreover, buyers can easily inquiry from this part. Know the latest news to seize more opportunities! Secondly, the Chemical News shows the fresh news published on the News page. Users can go to the News page from here.
 
Finally, here come the most important parts: Market Analysis, Echemi Analysis and Preferential Price.The Market Analysis part offers the latest prices and gives the trend, which will show the historical trend of the products. And the Echemi Analysis gives the deep analysis of products’ markets and industry analysis. From this part, users can know more about the Chinese chemical market and get more chances. The Preferential Price part shows the hot products from Echemi. Users can know which product is on hot sales or in promotion activity. All the information on this page is updated daily. More information, Pls. come to the Price Trend page! Give you the most comprehensive info of Chinese chemical market!

source：http://info.echemi.com/en-news-banner/5225.html