Market Flash

GlobalData, the world's leading data analytics company, expects Asia to lead global polyethylene capacity growth in the next few years.

• Polyethylene

The container freight rate continued to fall, and the decline increased. The latest Shanghai Container Freight Index (SCFI) was 3562.67 points, down 177.05 points from last week, or 4.73%, and it has been falling for the ninth week in a row.

• shipping
• freight rate

According to incomplete statistics, the prices of more than 80 products in the oil industry chain and derivative industry chain have fallen significantly due to this impact.

• plastic industry

Since the beginning of this year, the petrochemical and chemical industry has been operating steadily, with year-on-year growth in efficiency and investment, and continuous enhancement of innovation vitality, showing a good development situation.

• petrochemical industry

On August 2, 2022, Hengrui Medicine issuedan announcement that the company received the approval and issuance of the"Drug Clinical Trial Approval Letter" for HRS-4642 injection from theState Food and Drug Administration.

• KRAS G12D inhibitor
• Hengrui
• pancreatic cancer
• colorectal cancer

Sulfonamide products were generally in a low-key and weak state in the first half of this year, which was greatly affected by the market conditions of pig raising. Inquiries and transactions of some products decreased significantly.

• Sulfonamides
• Quinolones
• Antiparasitic

Doxycycline hydrochloride, the market price is 570-590. In July, the price increased by more than 100 yuan, up 26.1% month-on-month.

• veterinary drug
• penicillins
• peptides

Gui Yi Tech has obtained the first four RNA biopesticides - "nucleic acid interferon" naming letters issued in China. Among them, the first tobacco mosaic virus nucleic acid interferon SG-RNA001 has been officially entered into the field trials

• China
• Biopesti
• New
• product
• RNA

In May 2022, the output of China's chemical pesticide technicals (converted to 100% of active ingredients) was 229,000 tons, a year-on-year increase of 12.3%; the cumulative output was 1.078 million tons, a cumulative increase of 0.6%.

• China
• Pesticide
• Output
• Data

Data released by the National Bureau of Statistics on August 10 showed that in July, affected by international and domestic and other factors, the prices of industrial products fell as a whole.

• chemical raw material

Since the beginning of this year, the petrochemical and chemical industry has been operating steadily, with year-on-year growth in efficiency and investment, and continuous enhancement of innovation vitality

• petrochemical

Since August, the supply has been tight, and the domestic DDGS market has improved. On August 1, the average domestic DDGS market price was 2,743 CNY/ton. On the 9th, the average domestic DDGS market price was 2,773 CNY/ton, up 1.09%.

• DDGS

Since Pelosi's visit to Taiwan, the Chinese mainland has carried out a thunderous countermeasure: the People's Liberation Army has conducted military exercises around the island for three consecutive days

• chemical
• petrochemical
• PTA
• PVC

In terms of PE supply, the number of maintenance devices increased this week, and the amount of maintenance losses increased by 13,900 tons compared with the previous month.

• Polyolefin

With the release of the semi-annual reports of major pharmaceuticalcompanies in 2022, the TOP10 list of the world's best-selling drugs has becomeclear.

• top
• drugs

Driven by the high prices of factories, the plastic categories such as PC ABS PVC that have fallen for four months have begun to rebound slightly recently!

• pa66
• EVA
• EPS
• PVC

On August 1, 2022, a grand delivery ceremony was held for the 280,000 tons per year 1,4-butanediol (BDO) project of Inner Mongolia Dongjing Bio-Environmental Technology Co., Ltd, which is general contracted by Beijing Petrochemical Engineering Co.

• BDO production
• Chemical Industry

Recently, market inquiries have been weak, and the market has a strong wait-and-see mood. Mainstream factories frequently release news of production shutdowns.

• Vitamin

Penicillin Potassium Industrial Salt - The market capacity and supply are relatively concentrated. Mainstream factories have raised their quotations, attracting high attention

• antibiotics
• Tetracyclines
• Macrolides
• Quinolones

On July 12, 2022, Hangzhou Zhongmei Huadong Pharmaceutical Co., Ltd. (hereinafter referred to as "Zhongmei Huadong"), a wholly-owned subsidiary of Huadong Medicine Co., Ltd.

• Liraglutide injection
• Obesity