echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > Chemical spot market continues to rise

    Chemical spot market continues to rise

    • Last Update: 2021-08-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Sinochem News last week, the domestic chemical market continued to rise
    .


    As of July 2, the China Chemical Product Price Index (CCPI) released by Chemical Online closed at 5124 points, an increase of 0.


    Among the monitored prices of important chemical products, 60 products rose, accounting for 42.
    6%, and the top three products that rose were adipic acid, 1,4-butanediol and butanone; there were 43 products that fell, accounting for 30.
    5%.
    , The top three products that fell were acetic acid, hydrogen peroxide and melamine; there were 38 stable products, accounting for 26.
    9%
    .

    Judging from the list of gains, the adipic acid market is rising strongly
    .


    Affected by factors such as the strong trend of raw materials and the continuous tightening of external markets in Asia, the price of raw material pure benzene rose by 6.


    The 1,4-butanediol market continued to rise
    .


    Some factories control the pace of spot shipments, coupled with limited transportation in some areas, resulting in a shortage of on-site spot supplies, and manufacturers have a strong sense of speculation


    The same product that is also driven by tighter supply to increase prices is methyl ethyl ketone
    .


    Recently, transportation has been restricted, and the news of Qixiang's parking has boosted market confidence


    Judging from the list of declines, the acetic acid market in East China has recovered from a high level
    .


    The Shanghai Huayi plant resumed normal operation, while the Jiangsu Thorpe plant's operating rate increased and market supply increased


    The hydrogen peroxide market is weakly down
    .


    Eastern China Rich and Strong, Pingmei Shenma and other export sales increased significantly, on-site supply increased, coupled with low-priced sources of goods entering the market, to a greater extent, a negative pressure on the market trend, prices in Anhui, Jiangsu, Jiangxi and other places fell sharply during the week


    The melamine market fell again
    .


    At present, market prices are still relatively high, and there is a certain callback demand


    On the whole, the chemical market continued to rise last week.
    The strong trend of international crude oil coupled with the tightening of supply of some products drove up market prices
    .


    Looking at this week, entering the traditional off-season of summer, market demand will be suppressed to a certain extent.


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.