Market Flash

As China's largest export destination country for APIs, India accounts for 17% of China's total API exports. According to reports, 70% of the APIs needed by India come from China

• API export
• India supply

In 2020, hot spots will appear frequently under the epidemic, and the domestic PP market has experienced ups and downs. The price bottomed at the end of March and reached its peak at the end of November.

• PP market
• polypropylene

This year, my country's epichlorohydrin production capacity has been greatly expanded, and the overall new production capacity is mainly glycerin, which has a certain impact on the market.

• Epoxy resin
• Bisphenol A
• xylene

With the increasing maturity of consumers’ health awareness, as a member of the big health industry, the global probiotic market has developed rapidly in recent years.

• Probiotic food
• food&beverage

According to Zhejiang News Client, “The global growth rate of demand for the glass fiber industry next year is expected to be 5%-6%, and China is expected to continue to maintain a growth rate of more than 10%.”

• glass fiber demand
• intelligent manufacturing production

The Asian styrene butadiene rubber (SBR) market may be supported by bullish sentiment, but the falling cost of the raw material butadiene (BD) may curb demand.

• Asian styrene butadiene

The growth rate of global methanol demand is expected to be lower than GDP growth for the first time. Mike Nash, vice president of IHS Markit, recently stated at the 38th World Methanol Conference that global methanol demand is expected to grow

• methanol demand
• crude oil price

On December 11, Nature Reviews Drug Discovery published its 2021 global best-selling drug TOP10 forecast (as shown below). The cumulative sales revenue of these 10 drugs in 2021 will reach 109.75 billion U.S. dollars.

• best-selling drugs

Scientific research has confirmed that the occurrence of various diseases such as aging and cancer are related to the production of excessive free radicals in the body.

• Antioxidant food
• thioneine
• Ergothioine

The microbiome, whether that of facial skin, the body or scalp, remains a major cosmetic trend. And there is now a plethora of new and classic ingredients on the market for formulators to use, as Cosmetics Business discovers

• microbiome-friendly
• china cosmetics market

The natural and organic standards body is removing its ‘natural with organic portion’ level of finished product certification from January next year

• natural standard

On December 9, a "Notice on Reporting the Purchasing Data of the Fourth Batch of National Organizations for Centralized Procurement of Drugs" was released in the industry.

• antidiabetic drug
• hypoglycemic drug

Treatment of SARS-CoV-2 infection with a new antiviral drug, MK-4482/EIDD-2801 or Molnupiravir, completely suppresses virus transmission within 24 hours, researchers in the Institute for Biomedical Sciences at Georgia State University have discovered.

• covid 19 research

Johnson & Johnson (J&J) announced on Wednesday that it will decrease the size of its US-based phase 3 trial currently testing its COVID-19 vaccine as cases surge across the country.

• J&J vaccine
• J&J covid 19

A US Food and Drug Administration (FDA) advisory committee panel recommended Pfizer/BioNTech’s COVID-19 vaccine for emergency use following an hours long meeting held yesterday.

• Covid 19 vaccine
• pfizer covid 19

China has been building more ocean shipping containers and partnerships to seal more free trade deals with other economies. On Nov 15, it joined 14 other countries to sign the Regional Comprehensive Economic Partnership agreement.

• container throughput
• china shipping

Bulk data show that domestic xylene market prices have risen this week. On November 29, the price of xylene was 3640 CNY/ton, and the latest price of xylene has exceeded 4000 CNY/ton.

• xylene market

Brazil, the world's leading producer and exporter of coffee, saw a 32.2 percent increase in exports of the bean in November compared to the same month in 2019, setting a monthly record high, the Coffee Exporters Council (Cecafe) said Wednesday.

• coffee export
• brazil coffee

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided at a meeting on Thursday to increase oil production by 500,000 barrels per day (bpd) in January 2021.

• opec crude oil
• oil price

China's producer prices saw a narrowed decline in November amid a steady recovery in industrial activities, official data showed Wednesday.

• china factory
• china market trend