Market Flash

The Regional Comprehensive Economic Partnership Agreement (RCEP) will come into effect on January 1, 2022 in the six ASEAN countries and non-ASEAN member countries such as China

• RCEP

According to data from Innova Market Insights, from July 2016 to June 2021, the sweetener with the highest compound annual growth rate in the world was erythritol, reaching 32%

• natural sweetener
• Erythritol

The PPI data released by the National Bureau of Statistics on November 10 showed that in October, the increase in PPI increased due to the combination of international import factors

• chemicals
• statistics

A few days ago, during the 4th China International Import Expo, companies in the chemical and energy industry from home and abroad actively participated in the exhibition and conducted transactions to jointly contribute to the green and low-carbon

• Low Carbon

At present, China's new energy vehicle penetration rate has reached 17.8%, of which the penetration rate of the new energy passenger vehicle market has reached 19.8%.

• dual control
• chemical material

On November 7, it was learned from the State Grid that, through the joint efforts of all parties, the current power supply and demand situation in the operating area of the State Grid has returned to normal

• Transportation
• Power rationing
• chemical price

In November, the dimethyl ether market in Henan showed a downward trend as a whole. Although there was a short-term rise in the recent market, the rise was limited, and the market was still weak compared with the early stage.

• dimethyl ether

Recently, my country issued the "Opinions on the Complete, Accurate and Comprehensive Implementation of the New Development Concept to Do a Good Job in Carbon Peaking and Carbon Neutrality"

• industrial carbon neutrality
• environmental protection

Pharmaceutical intermediates are a kind of fine chemical products in the production process from pharmaceutical chemical raw materials to raw materials or drugs.

• Pharmaceutical intermediates
• industry barriers

The weather report showed that the cold wave continued to go south, most of the highest temperatures in the south bottomed one after another, and the strong snow center shifted to the northeast.

• chemical material
• Transportation

The reporter learned from Sinopec that the company signed a 20-year, 4 million tons/year long-term liquefied natural gas (LNG) purchase and sale agreement with Venture Global LNG on the 4th.

• Sinopec
• LNG

In November, the propylene market experienced a temporary rise and entered a downward mode again.

• Propylene
• Polypropylene

The bulk list data shows that as of November 7, the average price of epichlorohydrin companies’ quotations was 19666.67 CNY/ton, a decrease of 0.84% compared with Monday’s price

• epichlorohydrin market
• propylene

Sportswear giant Puma has begun experimenting with sustainable production methods centered on its iconic suede sneakers.

• sport nutrition trend
• Plastics
• new material

Amino acid is a class of organic compounds containing amino and carboxyl groups, and the chemical formula is RCHNH2COOH. Amino acids are one of the many biologically active macromolecules that constitute the organism, and are the basic materials for build

• Protein
• Amino Acid
• food health

Foreign media reported on November 3 that Erwin Tunas, executive director of the Indonesian Rubber Association (Gapkindo), said in a forum on Wednesday that Indonesian rubber exports in 2021 are expected to maintain the 2020 level of 2.45 million tons.

• rubber export

The governments of New Zealand and Australia announced on the 3rd that the two countries have completed the domestic approval process for the Regional Comprehensive Economic Partnership Agreement (RCEP).

• tariffs
• ASEAN
• RCEP

2021 o-xylene market rose sharply in 2021 o-xylene product market prices high, in the first half of the macro factors become the main factor to drive the market rebound, the Spring Festival vacation

• O-xylene

International oil prices have dropped significantly. As of the close of the day, the main WTI crude oil futures contract closed at US$80.86/barrel, a decrease of 3.63%

• oil price
• energy

Since November, due to the incremental supply in the market, the price center of dimethyl carbonate in China has fallen to the 8000 CNY/ton mark, down about 4000 CNY/ton in a week

• Dimethyl Carbonate