Market Flash

Rare earth is an important strategic resource. Its characteristics determine that its important uses can be fully embodied.

• rare earth

Beginning on August 1, the coal trading price of Bohai Rim Port, which has just risen for less than a week, has fallen again, and is expected to continue to fall this week.

• coal
• price

It is reported that the total investment of this project is 7.68 billion yuan, covering 1,268 mu. The EPC general contracting mode was formally launched in November 2017.

• ethylene
• glycol

Chemours attributed the 11% drop in net sales of its fluorine products sector in the second quarter of 2019 to the impact of illegal HFC refrigerants imported from Europe.

• HFC

In recent years, under the influence of heavy rainfall, residential refrigeration power demand is weak. Coal consumption of six coastal power plants has decreased from the previous high level, and maintained at about 700,000 tons.

• power
• coal

In recent years, China Huaneng has continuously promoted the construction of information technology, focusing on the overall idea of "digital Huaneng" and "intelligent Huaneng", promoting the deep integration of cloud computing.

• technology
• cooperation

On August 8, 2019, according to Caracas reports, Venezuelan President Maduro said Thursday that Venezuela's oil joint venture with a state-owned oil company in China had launched a production increase plan.

• oil
• JV

Arsenal Capital Partners, a leading private equity firm that invests in middle-market specialty industrials and healthcare companies, has announced the acquisition of Seal For Life Industries, LLC from Berry Global Group, Inc. for $328-mn.

• Arsenal-capital-partners

At a recent conference in New Delhi, the Secretary, Department of Chemicals and Petrochemicals, Government of India, warned about an imminent crises stemming from rising imports of chemicals and petrochemicals to meet growing domestic demand.

• chemical
• import

Dingji Advanced Materials Co., a Taiwanese thermoplastic polyurethane manufacturer, has entered the American market.

• TPU

The company's annual performance report for 2018 shows that in 2018, business income reached 2.176 billion yuan, an increase of 39.94% over the same period of last year.

• Aramid
• Fiber

The company said that the purpose of this addition is to meet the lightweight requirements of CNG vehicles and automotive wiring cores, and to meet the growth of the demand for carbon fibers for aviation.

• carbon
• fiber

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

• selected
• news

Losses in the value of sterling related to Britain’s impending exit from the EU have significantly dented the profitability of UK gas-fired power plants.

• EU
• gas

Asian import offers for maleic anhydride (MA) are down as sellers sought to generate buying interest.

• Asian
• MA

From a year-on-year perspective, CPI rose by 2.8%, an increase of 0.1 percentage points over the previous month. Among them, food prices rose by 9.1%, an increase of 0.8 percentage points over last month.

• CPI
• PPI

According to the website of the National Bureau of Statistics, in July 2019, consumer prices rose by 2.8% year-on-year.

• consumer
• price

According to the Ministry of Commerce monitoring, in July, the national coal price fell by 0.6% annually, in which the prices of power coal, coking coal and anthracite decreased by 0.7%, 0.6% and 0.3% respectively.

• coal
• steel
• price

There are only large mines on the platform for coal, few traders, mining area because of the obstruction of rainfall transportation.

• downstream
• coal

In food, the price of fresh fruit increased by 39.1%, which was 3.6 percentage points lower than that of last month, while the price of pork rose by 27.0% and increased by 5.9 percentage points.

• CPI