Selected News of the Week (Nov 20-26, 2019)
Polyester demand in Asia continues to be weak

According to reports, Asian polyester demand will continue to slow down as most downstream units have completed year-end orders and at this time there is less enthusiasm for replenishment.
Global polyethylene oversupply and the price will be suppressed in 2020

According to the Global Petrochemical News Network in Houston on November 20, 2019, the ethane feedstock brought by the U.S. natural gas shale boom has provided polyethylene producers with a key supply cost advantage, leading to an infrastructure revival, turning the United States into a global polyethylene supplier, and increasingly focusing on Asia, the world's largest polyethylene demand center.
Asia TiO2 December outlook bearish as Chinese demand shrivels up

Asia’s titanium dioxide (TiO2) market outlook in December remains bearish, with demand in China expected to taper down in the weeks ahead. Conditions in downstream markets remain dismal amid the protracted US-China trade war and lingering macroeconomic concerns. Consequently, demand for TiO2 pigments in China has also suffered.
Viscose staple fiber: fierce market competition in price and demand

Recently, viscose staple fiber enterprises have once again made profit-making orders. The mid-end price broke through the price of 10,500 CNY/ton (acceptance) in the year, and the price was lowered. The average profit of the company's real trading was about -1339 CNY/ton in January-October 2019, the lowest profit level in the past five years.
Sustainable solutions for edible oil, colorant, aroma extraction

Petro-chemical-based solvents used for edible oil, colorant and aroma extraction are environmentally damaging and present a health risk to workers. Norbert Patouillard, Director of Sales and Marketing at Pennakem, explains how his renewable chemistry firm can help food manufacturers find more sustainable solutions.
PX industry chain profit reshuffle

In recent years, the global PX industry chain pattern has undergone significant changes, mainly due to the substantial expansion of China’s production capacity. Among them, 80% of PX capacity increase comes from China, and China’s PX production capacity has increased significantly.
China powder coating industry remains high-speed growth momentum

It is reported that the domestic powder coating industry continues to maintain rapid growth under the promotion of environmental protection and related policies and the active efforts of the industry. In 2018, the sales volume of China’s powder coatings was close to 2 million tons, an increase of 9.7% year-on-year, exceeding the national total coatings growth.
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2026-09-30
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