MarketTrends
China’s Calcium Carbonate Industry: A Global Leader Fueled by Resource Riches and Market Demand
October 12, 2024 – Leveraging its abundant reserves of limestone and calcite coupled with an immense market demand, China’s calcium carbonate industry has witnessed steady growth over the years, ascending to a prominent global leadership position. Particularly within the last decade, it has consistently maintained its status as the world’s top producer and consumer of…
Soaring Oil Prices and Macroeconomic Boost Drive Plastic Market Gains Post-Holiday
October 09, 2024, The international oil market witnessed a robust surge post the National Day holiday, driven by escalating tensions in the Middle East. On the 7th, concerns over the intensifying conflict in the region propelled oil prices significantly higher, with both WTI and Brent crude closing up over 3%. Specifically, WTI settled at 77.14perbarrel,markinga3.7180.93…
Chinese Titanium Market Faces Challenges in Q3 2024: Prices Decline Amid Weak Demand
September 28, 2024 – The Chinese titanium market exhibited persistent weakness in the third quarter of 2024, with titanium product prices generally declining amidst the slow macroeconomic recovery and sluggish end-demand. Elevated raw material costs have plunged titanium slag and sponge titanium production into a loss-making predicament. Despite the arrival of the traditionally busy “Golden…
Revolutionizing Elastomer Industry: 9th Thermoplastic Elastomer Forum Set to Unfold in Ningbo
September 27, 2024 – Marking a pivotal juncture in technological advancement and market interplay within the elastomer sector, the “9th Annual Thermoplastic Elastomer Industry Technology & Market Development Forum” stands poised to revolutionize the landscape, fostering a greener, lower-carbon, and sustainable future for the industry. Organized under the esteemed guidance of the Ningbo Federation of…
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…