Market Flash

CHINAPLAS, Asia’s No. 1 plastics and rubber trade fair, to be held during April 13-16 in Shenzhen, PR China, together with a series of exciting concurrent events

• chinaplas 2021
• CHINAPLAS
• plastics&rubber

GlobalData said that by 2024, global acrylonitrile-butadiene-styrene (ABS) production capacity is expected to increase by 19%, from 11.36 million tons/year in 2019 to 13.49 million tons/year.

• ABS production

From the perspective of the government, it can also promote the high-quality development of the new material industry from many aspects. For example, assisting in the formation of industry-university-research alliances to focus their efforts on research

• chemical material

The violent growth in Chinese demand has worsened the situation, which has greatly restricted the amount of goods exported from Asia to the Middle East, causing buyers to have to rely on regional producers.

• chemical

A few days ago, Eli Lilly signed a license agreement with Asahi Kasei Pharmaceuticals in Tokyo, Japan, and Eli Lilly obtained the exclusive rights of AK1780.

• pharmaceutical

The COVID-19 epidemic is still the primary factor considered globally. Shoppers will continue to enjoy more food at home and look for products that easily meet their health and wellness goals.

• immune diet
• food beverage trend
• diet

This year, the supply of chemicals in the Middle East has been mixed. Some products are in tight supply, while others will have new production capacity.

• trade circulation

In 2020, facing the complex and severe domestic and foreign situation and the severe impact of the new crown pneumonia epidemic, China's foreign trade has overcome difficulties and achieved contrarian growth

• China foreign trade

From a cost perspective, the upward momentum of the crude oil market has been significantly weakened recently. In the medium and long term, considering that the oversupply of styrene will be serious in 2021, it is expected that the upward space of styrene

• styrene oversupply

According to the ICIS-MRC website, according to data collected and compiled by the American Chemistry Council (ACC), global chemical production increased by 1.9% in November last year

• global chemical production

Recently, due to multiple force majeure factors, fertilizer prices have shown an upward trend. The relevant person told reporters that the price increase is mainly due to the superposition of multiple factors such as international market conditions

• Urea soar

The cost of shipping goods from China to other regions has spiked in 2020, hitting record highs as a shortage of empty containers stemming. But the good news is that at the end of January 2021, we see the freight rates level has come down back.

• china shipping
• shipping cost
• shipping rate

In 2020, the domestic export volume of adipic acid reached 293,000 tons, a decrease of 18,000 tons from 311,000 tons in 2019. Let us take a look at each aspect in detail.

• adipic acid
• production capacity

On January 27, data released by the National Bureau of Statistics showed that the total profit of industrial enterprises above designated size nationwide in 2020 was 645.161 billion yuan, an increase of 4.1% over the previous year.

• china chemical production
• chemical manufacturing

The construction of the project directly promotes the extension of the industrial chain of the Oriental Lingang Industrial Park to the downstream, which lays a solid foundation for the industrial park to build a complete industrial chain of methanol

• phenol
• acetone
• bisphenol A
• PC equipment

French biotechnology company Global Bioenergies recently announced that it has successfully delivered the first batch of cosmetic-grade botanical isododecane.

• plant based isododecane

Considering that the growth rate of China's paint production in 2019 is only 2.60%, and the continued impact of the new coronavirus pneumonia epidemic in 2020, the factory operating rate will be greatly affected.

• Coatings market

Industry organizations generally believe that the recurrence of the new crown pneumonia epidemic will continue to be the main challenge facing the refined oil market. In the short term, the global demand for refined oil products will pick up very slowly.

• global refined oil
• oil demand

Energy consulting company Wood Mackenzie predicts that my country's total liquefied natural gas (LNG) imports will reach 62.5 million tons in 2020, an increase of about 3% over 2019.

• LNG import

Considering that the severe cold in winter still exists, the load of Iranian installations will be reduced, and imports will be difficult to increase in the next two months.

• methanol