Market Flash

Yesterday, the domestic acetone market was narrowly deadlocked, mainly due to a large number of downstream factories just need to replenish, driving the atmosphere warming up.

• Acetone

Yesterday, the domestic phenol market was pushed upward. Due to the restriction of the start-up of factories in the later period, coupled with the reduction of imports, supply or sustained tightening.

• Phenol

Yesterday, domestic DOP market consolidation was dominated, raw material octanol was also low-rise, phthalic anhydride continued to rise, cost support role maintained.

• DOP;
• DOP
• Guide

Biocon said in a press note on August 31, that the USFDA has issued a Complete Response Letter (CRL) for the New Drug Application (NDA) fur Insulin Glargine filed by its partner Mylan.

• Biocon
• insulin
• glargine

L&T’s water and effluent treatment business is eyeing a slew of desalination and water treatment projects worth $1-bn in the country.

• water
• treatment

Here are selected news related to the chemical industry during the past week.

• Selected
• News

European chemicals stocks fell on Monday in line with wider markets as fears of sharp oil supply drops weighed on economic sentiment, following the attacks on Saudi Arabia’s core oil production infrastructure and potential military intervention.

• chemical
• stock

Facilities producing around 10% of global ethylene capacity are threatened by feedstock disruption after the weekend’s attack on Saudi Arabia’s oil distribution infrastructure and the subsequent closure of 5.7m bbl/day of refinery capacity.

• ethylene
• capacity

In a major boost to the sugar industry, which produces ethanol as a by-product, the Cabinet Committee on Economic Affairs (CCEA) approved higher price for the product derived from different raw materials under the Ethanol Blended Petrol (EBP) programme.

• ethanol
• prices

On September 8, the General Administration of Customs announced the import and export situation of China's foreign trade in the first eight months.

• import
• export
• value

First of all, coal demand remained sluggish in early September. The fluctuation of rising price of origin has not been transmitted to the port and downstream.

• coal
• price

Anthracite, commonly known as white coal or red coal. It is the coal with the greatest degree of coalification in all kinds of coal.

• anthracite

This week, the main producer of power coal market rose mainly. Since September, the situation of coal mine safety and environmental protection inspection has become more and more serious.

• power
• coal

According to the official website of the Central Bank, on September 16, 2019, the central bank decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points.

• financial

Speed up the pace of regulation. Focusing on the renovation plan and expert evaluation opinions, the park implements daily supervision, weekly meeting office and monthly bulletin.

• chemical
• revolution

The Chinese Industrial Association has imposed a 10% tariff on the main raw materials and products of toothpaste, dental floss and refined palm oil scrubbing products originating in the United States.

• cosmetics
• tax

With the Mid-Autumn Festival approaching, the sales season of moon cakes, pastries and cooked meat products has come.

• Market
• Supervision

According to the actual situation of the market, it is planned to put 3150 tons of frozen pork reserves in the provincial level during the Mid-Autumn National Day holiday.

• pork
• reserve

On August 23, Xuchang held a regular meeting on Zero-growth action of chemical fertilizers and pesticides, summarized the development of Zero-growth action of chemical fertilizers and pesticides in recent years.

• Green
• Agriculture

Hengli Petrochemical Industrial Park, a private enterprise located in Changxing Island, Dalian, is a one-time construction of a super-large-scale integrated refining and chemical project.

• chemical
• technology