MarketTrends
Epoxy Resins under U.S. Antidumping Scrutiny: Preliminary Findings Released
November 15, 2024 – The U.S. Department of Commerce has recently issued a preliminary antidumping determination regarding imports of epoxy resins from China, India, South Korea, Thailand, and Taiwan, China. The preliminary findings reveal that Chinese producers or exporters face a dumping margin of up to 354.99%, with the cash deposit rate reduced to 344.45%…
Navigating Crisis and Opportunity: Chemical Sector Faces Trump and Port Strike Hurdles
November 14, 2024 – The global chemical industry and its derivative sectors are currently grappling with a series of significant challenges, with the reelection of Donald Trump and the ongoing strike at major Canadian ports emerging as the two pivotal factors destabilizing the market. Industry analysts predict that a second Trump administration could escalate global…
The Shifting Landscape of Propylene Trade and Capacity Expansion
November 13, 2024 – Propylene Market Poised for Intense Competition Amidst Massive Capacity Expansion Propylene, a cornerstone raw material in the basic chemicals sector, continues to demonstrate its indispensable importance in the chemical industry through its diverse production processes. Serving as the backbone for the production of numerous chemicals such as polypropylene, acrylonitrile, and propylene…
Malaysia Battles Rising Tide of Global Waste Imports
November 11, 2024 – Malaysia Struggles with Rising Waste Imports Despite Government Efforts Malaysia continues to grapple with being a dumping ground for global waste, despite repeated government vows to prevent such a fate. Data from the Eurostat reveals that the country imported a staggering 35% more plastic waste from the European Union (EU) last…
Global Chemical Recycling Standardization: A Pioneering Collaboration
November 07, 2024 – A groundbreaking collaboration has been inked by Neste, Alterra, and Technip Energies, aiming to standardize global chemical recycling technologies and bolster plastic circularity efforts. This partnership leverages Alterra’s exclusive liquefaction technology to provide a standardized and modular liquefaction plant solution for companies worldwide interested in venturing into chemical recycling. The modular…
Epoxy Resin Prices in China Hit New Lows Amid Market Imbalance
October 31, 2024 – China’s Epoxy Resin Market Continues to Struggle with Low Prices and Oversupply In September, the average price of liquid epoxy resin in China’s market was 12,878 yuan/ton, marking a 0.37% decrease from the previous month and a significant 13.25% drop compared to the same period last year. Throughout 2024, the epoxy…
Global MDI Market Faces Turbulence: Supply Shortages and Price Hikes Persist
October 29, 2024 – Global MDI Market Experiences Turbulence with Supply Shortages and Price Surges The global MDI (Methylenediphenyl Diisocyanate) market has witnessed significant turbulence this year, as several international giants have faced force majeure or unexpected shutdowns of their MDI facilities. These incidents have resulted in a global MDI capacity gap, leading to a…
Growth in Rubber Products Industry Accelerates with Technological Breakthroughs
October 26, 2024 – Rubber Products Industry Soars to New Heights Amid Technological Advancements and Market Demand The rubber products industry, a cornerstone of the global economy, has witnessed remarkable growth in recent years. This sector, primarily using raw rubber as its main material, manufactures a wide array of products through multiple processes. The unique…
Global Petrochemical Landscape: Trends, Pressures, and Prospects
October 26, 2024 – Global Petrochemical Capacity Faces Challenges Amidst Shifting Landscapes The global petrochemical industry is currently grappling with a lull in capacity building, yet the overhang of excess capacity remains a persistent hurdle. Xiao Bing, Deputy Director of the Marketing Research Institute at Sinopec’s Economic and Technology Research Institute, highlights that future expansions…
The Future of Polyolefin: China’s Focus on Sustainability and Innovation
October 25, 2024 – China’s Polyolefin Industry Embarks on a Technological Revolution China’s polyolefin industry, a pivotal branch of the new material industry, is undergoing a significant transformation. Polyolefin products not only occupy a substantial market share but also play an irreplaceable role across various sectors. Recently, the nation has witnessed several breakthroughs in polyolefin…