MarketTrends
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…
September 10, 2024 – PP Market Oscillates Weakly Amid Cost Pressures and Supply-Demand Stalemate
September 10, 2024 – The PP (polypropylene) market continues to exhibit a weak and oscillating trend, lacking favorable drivers due to the weak cost side and a stalemate in supply and demand dynamics. Under cost pressures, numerous manufacturers have had to reduce their ex-factory prices, with no signs of recovery on the horizon. Internationally, the…
Hezhou City Achieves Significant Green Progress in Stone and Calcium Carbonate Industry
September 09, 2024 – In recent years, Hezhou City has achieved remarkable green development outcomes in the stone and calcium carbonate industry. The city has been dedicated to promoting the high-value and green transformation of the stone and calcium carbonate sector, gradually enhancing the industry’s green development level by establishing a comprehensive resource utilization system…
Titanium Dioxide Market Faces Price Adjustments Amid Cost Pressures and Weak Demand
September 09, 2024 – In August, the domestic titanium dioxide market underwent a slight price adjustment. Despite the continuous rise in the price of raw material titanium concentrate and the maintenance of high sulfuric acid prices, which provided strong cost support for titanium dioxide, the sluggish downstream demand remained unchanged. The market sentiment remained cautious,…
ABS Market Stays Steady Amid Crude Oil and Styrene Market Turbulence
September 06, 2024 – As September dawned, the crude oil market unexpectedly plunged, sparking shockwaves among industry insiders who had anticipated a vibrant “golden September” only to find themselves confronted with a “startling September” instead. Amidst this pervasive pessimism, however, the ABS market remained an island of calm, unswayed by the broader market turmoil. The…
August 2024: China’s Titanium Dioxide Production Rises Amid Stable Market Conditions
September 06, 2024 – China’s titanium dioxide sample enterprises reported a notable production figure of 370,200 tons in August 2024, marking a 4.31% increase from the previous month and a commendable 4.81% growth year-on-year. During this period, the utilization rate of titanium dioxide production facilities climbed to 75.86%, up 2.86 percentage points from the prior…
Polyethylene Market Weakens as Supply Increases and Demand Remains Slow
September 05, 2024 – According to domestic petrochemical inventory data, the polyolefin stockpile of two major oil companies has decreased by 30,000 tons to 750,000 tons compared to the previous day. In Shenhua’s bidding situation, the linear bidding volume stood at 850 tons today, with actual transactions amounting to 264 tons. However, both the bidding…