Market Flash

From the perspective of production capacity distribution, the distribution of phthalic anhydride production capacity in China is concentrated.

• Phthalic Anhydride

On November 15, 2020, the Regional Comprehensive Economic Partnership (RCEP) was officially signed. The agreement will cover nearly half of the world's population and nearly one-third of trade volume.

• RCEP
• Petrochemical
• chemical trade
• special report

From January to December 2021, the total export volume of canned oranges in China was 262,000 tons, with a total value of US$306 million and an average unit price of US$1,170/ton. Compared with the same period of the previous year, the quantity increased.

• Canned Food
• fruit production
• china export
• Orange

Central Bank: The amount of non-cash payments nationwide during the Spring Festival holiday was 14.9 trillion yuan, a year-on-year increase of 16.2%

• Central Bank
• balance of payments
• Economy

Recently, the China Banking and Insurance Regulatory Commission announced the operation data of the insurance industry in 2021.

• insurance
• business operation
• premium

Public information shows that before 2018, the investment and financing of my country's catering industry has been relatively active. Since the epidemic in 2020, the enthusiasm of capital has been high.

• food health
• catering
• Economy

During the domestic Spring Festival holiday, the international oil price hit a new high since 2016 under many favorable conditions.

• crude oil
• domestic
• trade data

In the first week after the holiday, domestic adipic acid prices rose sharply, and adipic acid in East China rose 11% this week.

• Adipic Acid

GlobalData said that in the next few years, global polyethylene production capacity is expected to continue to grow significantly, and it is expected to reach 157.02 million tons per year in 2023.

• Polyethylene production

Recently, the Japan Petrochemical Industry Association released statistics showing that in 2021, Japan's ethylene production will reach 6.33 million tons, an increase of 6.6% over 2020.

• Ethylene production

During the long domestic Spring Festival holiday, international oil prices hit a new high since 2016 under many favorable conditions, and in the last seven days, still standing above $90/barrel.

• crude oil
• Price Increase
• market trends

The accident occurred at the YNCC plant in Yeosu, South Korea, around 9 a.m. Monday. The plant has three ethylene cracking units that produce pure benzene as a by-product.

• Benzene
• YNCC
• Korea

The recent market transaction is lower than expected, the transaction price is weak, and the local price is lower than the previous period (trade transaction price is 235-245 yuan/kg), and the market price index is running weakly.

• vitamin

VPI is stable, the market restarts slowly after the holiday, and a wait-and-see mentality is strong, waiting for changes in the market to choose.

• veterinary
• Florfenicol

Penicillin industrial salt - quotations from mainstream factories are high, market inquiries increase after the holiday, and trade transaction prices are broad (transaction 115-145 yuan/billion).

• Tetracyclines
• antibiotics
• Quinolones

According to the "China Raw Material Drug Sodium Bicarbonate Market Forecast and Investment Strategy Report (2022 Edition)" released by Limu Information Consulting

• API
• Sodium bicarbonate

Industrial-grade and battery-grade lithium carbonate prices continued to rise this week.

• lithium carbonate

The global pandemic is wreaking havoc on global supply chains. A new U.S. survey finds that persistent and, in some cases, worsening supply chain problems are severely impacting chemical manufacturers' operations.

• Economy
• chemical material
• global supply chain

In the first week after the Spring Festival, the market price of isopropyl alcohol rose sharply.

• Isopropyl alcohol

At the beginning of the new year after New Year's Day, thermal coal prices ushered in a new round of rising market

• oil
• coal
• Plasticization