Company Dynamic

On April 1, the world-renowned paint supplier Haihong Elderly Group announced that Australian and New Zealand paint manufacturer Wattyl officially joined the world-renowned paint supplier Haihong Elderly Group with immediate effect.

• Hempel
• Wattyl

According to news from the official website of the State-owned Assets Supervision and Administration Commission of the State Council today evening, after being submitted to the State Council for approval, Sinochem Corporation

• chemical company
• Sinochem
• ChemChina

LANXESS has expanded its Colortherm Yellow pigment series for heat-resistant high-performance plastics. Two new inorganic yellow pigments are now on the market, namely Colortherm Yellow 5 and Colortherm Yellow 26.

• LANXESS
• pigments
• polymers

With the improvement of the consumption level of cosmetics and the advancement of consumption concepts, consumers are increasingly pursuing the safety and efficacy of products.

• basf
• cosmetics raw materials

Recently, GoodRx, a US drug price tracking website, published a list of the 10 most expensive drugs. Novartis's spinal muscular atrophy gene therapy drug Zolgensma ranked first with US$2.125 million (approximately 13.8 million yuan)

• drugs
• Novartis
• gene therapy

IFF announced the launch of Nurica™ lactase in China on March 31, 2021, providing a new way for dairy companies to create high-quality products, while improving profitability and meeting consumers' health needs.

• lactase
• galactooligosaccharides

The new production line completes the existing equipment and can be used to produce high-end Acronal® EDGE, Acronal® PLUS, Joncryl® and new generation Acronal® ECO dispersions

• BASF
• Basilicoudan
• acrylic dispersion

With immediate effect, or subject to existing contracts, BASF will increase the price of additives for plastics applications worldwide, including heat stabilizers and UV stabilizers, antioxidants, processing aids, lubricants and pigments by up to 20 %.

• BASF
• plastic additives 6
• nylon 6

The market supply is expected to increase, the downstream wait-and-see sentiment gradually rises, and the market turnover has declined.

• Wanhua chemical
• n-butanol

Some factories are operating under reduced load, the market supply has decreased, the enthusiasm for downstream purchases has increased, and market transactions have been smooth.

• Wanhua
• n-butanol

Recently, SABIC issued a price increase letter, announcing that due to supply shortages, raw materials and logistics costs continue to increase, starting from April 1st, SABIC will increase prices for the following products

• price raise
• BASF
• DSM
• DOW
• raw material

On March 25, 2021, Celanese Corporation, a global chemical and specialty materials company, announced that it intends to launch a three-year plan to expand the company’s engineering material compounding capabilities in its Asian plants, including Nanjing,

• Celanese
• Asian factory

Shibata Hideri, president of Japanese semiconductor giant Renesas Electronics, said on the 21st that a fire broke out in an important factory of the company, which may have a very large impact on the supply chain.

• semiconductor
• supply chain

After the price dropped to a low level, downstream purchases were made on demand, and market transactions were stable.

• Butyl Acrylate
• n-butanol
• Wanhua

On March 17, IFF announced the launch of POWERFresh™ and POWERSoft™ enzyme preparations in China. These products belong to the Danisco® series of food ingredient solutions and are now part of the IFF product portfolio.

• IFF
• anti-aging amylase

According to news from ICIS New York on March 16, the Chief Financial Officer of Dow Chemical said on March 16 that it is expected that by the end of March, the operating rate of the cracker in Texas

• Dow
• Texas cracker
• chemical plant

On March 15, data released by the National Bureau of Statistics showed that from January to February, the national fixed asset investment (excluding rural households) was 4.523.6 billion yuan, a year-on-year increase of 35.0%.

• investment
• chemical manufacturing

On March 16, Ashland Global announced that the company plans to increase the production capacity of Natrosol Hydroxyethyl Cellulose (HEC) in Nanjing, China.

• Ashland
• hydroxyethyl cellulose

After the Spring Festival holiday, the ethylene glycol futures price trend was like a "roller coaster": from the end of February to the beginning of March, ethylene glycol continued to rise sharply

• Ethylene Glycol

“The new SEBS device with an annual output of 50,000 tons has been put into production for nearly one and a half months. After system optimization, the operating load has continued to increase.

• SEBS
• Petrochemical