Market Flash

East China's Shandong province reported a 12-percent year-on-year growth in trade with Belt and Road (B&R) countries in the first quarter, despite a slight drop in its overall foreign trade due to the coronavirus epidemic

• trade
• growth
• China
• Export

The United States is the world's largest crude oil consumer thanks to its highly developed aviation industry, huge number of private cars and wide range of energy-consuming industries.

• China
• crude oil
• U.S.

Facing the outbreak of COVID-19, terminals under COSCO SHIPPING Ports (CSP) published their hard-won business results for the first quarter of 2020.

• shipping
• China
• Trade

ndustry insiders said that after the severe winter test in 2019, this year the domestic melamine industry is still facing overcapacity, export decline, product backlog and disorderly market competition

• melamine
• export

Recently, Starco Brands, a consumer products company based in California, USA, announced the launch of Breathe hand sanitizer, including three products that use "clean aerosol" dispensing technology.

• Aerosol
• Starco
• hand wash

On April 22, Takasago International Corporation announced that its L-menthol was certified as a 100% bio-based product by the United States Department of Agriculture (USDA).

• L-menthol
• Takasago
• USDA

According to recent news from Ukraine, Andre Yalmark, economist of the investment department of the United Nations Food and Agriculture Organization (FAO), wrote in EastFruit that due to coronaviruses and low oil prices

• juice
• apple
• COVID-19

With the news that OPEC + returned to the negotiating table at the end of March to discuss crude oil production cuts, the bottom of the main contract of ethylene glycol in 2009 was established at 3131 points, which opened a rebound.

• ethylene glycol

Guerlain launched the new fragrance Patchouli Ardent, which belongs to the limited-release neutral fragrance series Les Absolus d'Orient.

• Guerlain
• Fragrance
• patchouli

The stress and fear caused by the novel coronavirus epidemic may damage consumers' mental health, which in turn affects the health of the immune system. At present, many researchers and food companies are looking for ingredients

• COVID-19
• FOOD
• stress
• mental health

Import and export picked up in March. In March this year, China's foreign trade import and export reached 2.45 trillion yuan, down 0.8% year on year, 8.7 percentage points lower than that in January February.

• trade

Recently, the novel coronavirus pneumonia has reduced the demand for steam coal, and the supply of coal in China's thermal power market has been oversupplied.

• coal

In terms of origin, there are not many coal trucks in the coal mines in Yulin since the end of the week, and the coal stored in the site is gradually accumulated.

• coal

At present, coal upstream enterprises have basically recovered to normal production level, but the recovery of demand side is slow.

• coal

Recently, pralhad Josh, India's coal minister, called on state ministers to stop importing coal and increase the amount of domestic coal supplied by the state-owned coal India Ltd in a written document.

• coal

The coal price in Jinmeng area continued to decline, the expectation of the mine side was poor, the heating in North China ended, and the demand of the users decreased.

• coal

This year, Datong City will continue to make great efforts to implement the "reduction, optimization and green" of coal industry, unswervingly accomplish the goal and task of resolving coal overcapacity, further accelerate the reduction and reor

• coal

The dislocation of polypropylene supply and demand in April triggered a dramatic change in the market. First, the high-melt fiber led the entire PP market to rise continuously, reaching a peak of about 9000 on April 13, then fell to a price of about 7,600

• Polypropylene
• market

Japan's eager to increase production of Favipiravir depends on China.

• Pharmaceutical
• Japan
• China

The economic impact of the COVID-19 pandemic and related shutdown will be very serious. At present, the crisis facing the world economy is more serious than in 2008, but it will not be in a depression. An economic recession is inevitable.

• US
• oil
• outlook
• chemical industry
• demand