Market Flash

As much as 685 metric tons of pesticides were used in Nepal in 2019. This year, 800 metric tons are being used

• Pesticide
• Nepal
• Industry

Petrochemical and new energy upstream product prices rise, downstream part of the fine chemicals price trend is not optimistic

• Chemical Industry
• chemical price

Bloomage Bio, an enterprise in the Jinan area of Shandong Pilot Free Trade Zone, successfully registered with the State Food and Drug Administration as a new raw material for "hydrolyzed zinc hyaluronate" .

• hydrolyzed zinc hyaluronate
• Bloomage Bio

In the first half of 2022, the international situation was tense, and the global food security issue escalated again, driving the strong global demand for fertilizers. International potash fertilizer prices rose rapidly, hitting a record high.

• Potash fertilizer

At the opening in the morning, Lihua Yiweiyuan raised the listing price, and phenol was raised by 300 yuan and executed by 9,000 CNY/ton. Factories continued to control their shipments, and local traders followed suit.

• Phenol

On the night of July 18th, the domestic commodity market continued the Jedi counterattack during the day, and the pattern of general uptrend appeared again. The crude oil system performed brilliantly and became the vanguard of the counter-offensive.

• crude oil

Data released by the National Bureau of Statistics on July 15 showed that in the second quarter, the national industrial capacity utilization rate was 75.1%, down 3.3 percentage points from the same period last year.

• chemical
• texile

Recently, the price of TGIC curing agent, which has continued to decline, has fallen again. The current quotation is around 36-38 yuan/kg.

• chemical
• price

Beginning in mid-July, the soybean oil and palm oil market bottomed out. On July 13, the average market price of soybean oil was 9,382 CNY/ton.

• Soybean oil

According to the Ministry of Agriculture,the second shipment of 21,000 MT of fertilizer received under the Indian CreditLine is scheduled to reach the country in the next two weeks.

• Fertilizer
• India

It seems that China is moving in the samedirection as the global agriculture market, where biopesticides are about tomake up a $7 billion market next year, with an annual compounded growth rate of16 percent.

• China
• Pesticide
• Biopesticides
• Industry

The CPI and PPI data released by the United States this week have exploded one after another. Inflationary pressure has caused a surge in the market’s expectations for a sharp 100 basis point interest rate hike by the Federal Reserve at its July meeting

• POM
• ABS
• PP

According to the monitoring of commodity data, the price of isopropanol decreased this week. The average price of domestic isopropyl alcohol was 7125 CNY/ton last Thursday

• Isopropyl alcohol

Sulfonamide products are affected by the breeding market, and the overall price has fallen

• Sulfonamides
• veterinary drug
• vitamin

Ceftiofur sodium, ceftiofur hydrochloride, cephalosporins fell as a whole, the average market transaction price, ceftiofur sodium 1860, down 18.1% year-on-year; ceftiofur hydrochloride 1380, down 20.0% year-on-year

• Cephalosporins
• Penicillins

As of July 13, 2022, the average ex-factory price of domestic industrial-grade dimethyl carbonate is 6,833 CNY/ton. Compared with July 1, 2022 (the reference price of dimethyl carbonate is 6,000 CNY/ton), the price has increased by 833 yuan. CNY/ton

• Dimethyl Carbonate

Under the collapse of the crude oil belt, the chemical raw material sector continues to collapse! The futures market is bleak green, and the spot market opens directly!

• plastics
• POM
• PVC
• ABS
• PET

Recently, the price of isobutyraldehyde, which has continued to soar, has gone out of the big reversal market.

• Isobutyraldehyde
• propylene oxide
• neopentyl glycol

Recently, the Canadian government issued final regulations banning certain single-use plastic products, including checkout bags, cutlery, food packaging containing difficult-to-recycle plastics, ring trays, stirring rods and most straws.

• plastic

Recently, the price of isobutyraldehyde, which has continued to soar, has gone out of the big reversal market. After four consecutive weeks of price decline, the current price is 7366.67 CNY/ton

• chemical price
• Isobutyraldehyde
• propylene oxide