MarketTrends
CNCEC Subsidiaries Secure Major EPCC Contract for 300,000-ton PDH/PP Project in Vietnam
September 27, 2024 – A significant milestone has been achieved in the chemical industry as Hualu Company, a subsidiary of China National Chemical Engineering Corporation (CNCEC), along with its sixth engineering division, has formally inked an EPCC (Engineering, Procurement, Construction, and Commissioning) contract with Vietnam’s Phu My Plastic Co., Ltd. (PMP) for a 300,000-ton Propane…
Polypropylene Market Eyes ‘Silver October’ for Revival Amid Recent Fluctuations
September 27, 2024 – The polypropylene market has recently undergone notable fluctuations, drawing industry attention to the underlying market dynamics and economic environment. Despite the traditional “Golden September” failing to usher in the anticipated market boom, the impending “Silver October” brings fresh hope to the sector. Over the past few months, the polypropylene market has…
China’s Polypropylene Industry Faces New Maintenance Dynamics in September 2024
September 27, 2024 – The polypropylene industry in China has recently witnessed new developments in plant maintenance activities. According to statistics, the loss volume due to polypropylene plant shutdowns for maintenance in September reached 509,600 tons, highlighting the extensiveness and necessity of plant maintenance within the industry. Notably, North China bore the brunt of these…
September 25, 2024 – Domestic Petrochemical Inventories Rise Amid Shifting PE Market Dynamics
September 25, 2024 – Domestic petrochemical inventories have witnessed a surge, with the total polyolefin stockpile of the two major oil companies amounting to 810,000 tons, marking an increase of 35,000 tons compared to the previous week. In the realm of Shenhua auctions, today’s linear auction volume stood at 950 tons, with actual transactions reaching…
PP Market Outlook: Short-Term Volatility Amid Inventory Pressures and Cost Support
September 25, 2024 – The PP (Polypropylene) market has recently exhibited a short-term volatile adjustment pattern, with production enterprises grappling with inventory backlogs amidst a relatively abundant market supply. Although traders have adopted proactive strategies, offering concessions to facilitate shipments, terminal demand has not shown significant fluctuations. The momentum for replenishment remains weak, and demand…
September 14, 2024 – Domestic Titanium Ore Market Holds Steady Amid Stable Demand and Supply Dynamics
September 14, 2024 – The domestic titanium ore market exhibited a steady trend this week, with minimal price fluctuations observed. In the titanium-rich region of Panxi, the selling price of 20# titanium ore remained stable within the range of 2450-2600 yuan per ton (excluding tax), while 10# titanium ore held firm at 2250-2280 yuan per…
East China’s Polypropylene Market: Price Decline Amid Supply Glut and Demand Slowdown
September 13, 2024 – The East China region, a pivotal market for polypropylene (PP) in China, typically exhibits moderate price levels, falling between those of the North and South China markets. However, since August 2024, a rapid expansion in production capacity has disrupted the market balance, causing PP filament prices in this region to dip…
China’s Polypropylene Industry Hits New Expansion Heights in 2024
September 12, 2024 – China’s polypropylene industry is embarking on a new peak of capacity expansion in 2024. Over the past five years, the industry has witnessed a steady growth in capacity with an average increase rate of 11.71%. However, the outbreak of the COVID-19 pandemic in 2020 led to delays in some enterprises’ planned…
A Global Perspective on the Future of Technology
September 12, 2024 – As the 2024 half-year reports of various listed companies in the modified plastics industry are released, the market performance of this critical material sector, widely used in automobiles, home appliances, electronics, and other industries, is gradually emerging. According to statistics, home appliances, automobiles, and electronic electrical industries are currently the largest…
September 10, 2024 – Polyolefin Inventory Surges, PP Market Remains Steady Amid Volatile Futures
September 10, 2024 – China’s petrochemical inventory data reveals that the polyolefin stockpile of the two major oil companies has surged to 810,000 tons, marking an increase of 85,000 tons from the previous week. On the futures front, the PP2501 contract exhibited volatility on September 9th, with an opening price of 7341, reaching a daily…