Asian Markets
June 22, 2021
Tight for a While
http://www.pudaily.com/News/NewsView.aspx?nid=91536
Propylene Oxide is so tight that the usual propylene-polyol or propylene glycol price relationship may have changed for a while . . .
June 22, 2021
Tight for a While
http://www.pudaily.com/News/NewsView.aspx?nid=91536
Propylene Oxide is so tight that the usual propylene-polyol or propylene glycol price relationship may have changed for a while . . .
June 10, 2021
Chinese Epoxy Update
Epoxy resin is rising by RMB 6,700/ton! The domestic and international market may fall into the “two heavens of ice and fire”?
Echemi 2021-06-08
Judging from the list of commodity price rises and falls last week, there were only 4 products in the plasticization sector that rose month-on-month. The top 3 products were nitrile rubber (1.28%), PP fiber (0.77%), and PA6 (0.68%). .
The month-on-month decline in products reached 12, and the top 3 products were EVA (-3.91%), HIPS (-3.71%), and styrene-butadiene rubber (-3.34%).
It can be seen that the country’s regulation has been quite effective, and the domestic chemical raw materials are still mainly falling, but in contrast, overseas, the voices of price increases are still one after another! Sending out four or five price increase letters at a time is commonplace! The domestic and international market may fall into the “two heavens of ice and fire”?
Centralized suspension of production for 15 days,
Epoxy resin is rising by RMB 6,700/ton!
Recently, news came from the Huangshan area of Anhui that the Shexian Circular Economy Park will stop steam supply for annual maintenance at 10 am on June 7, 2021, and the furnace is expected to be shut down for about 15 days. Local epoxy resin companies remind customers that if they need to stock up, they can stock up in time.
The epoxy resin industry has been ups and downs since the beginning of this year. The supply of epoxy resins has been very unstable due to multiple factors such as environmental protection suspension and production restrictions, steam suspension, and annual maintenance. For 10 days, the furnace has been shut down for nearly half a month, which is expected to have an impact on the supply of products, or a reversal signal of the market since the epoxy resin peaked and plummeted in late April.
In foreign countries, epoxy resin has been the first to increase. Mitsubishi Chemical announced that it will increase the prices of epoxy resins and epoxy curing agents from June 1, including:
The increase of bisphenol A type/F type epoxy resin is 100 yen/kg (about 5822 yuan/ton),
The epoxy resin thinner series is 47~93 yen/kg (about 2736-5414 yuan/ton),
Special epoxy resin is 18-19 yen/kg (about 1048-1106 yuan/ton),
The epoxy resin hardener is 73-115 yen/kg (approximately 4249-6695 yuan/ton).
June 10, 2021
Chinese Epoxy Update
Epoxy resin is rising by RMB 6,700/ton! The domestic and international market may fall into the “two heavens of ice and fire”?
Echemi 2021-06-08
Judging from the list of commodity price rises and falls last week, there were only 4 products in the plasticization sector that rose month-on-month. The top 3 products were nitrile rubber (1.28%), PP fiber (0.77%), and PA6 (0.68%). .
The month-on-month decline in products reached 12, and the top 3 products were EVA (-3.91%), HIPS (-3.71%), and styrene-butadiene rubber (-3.34%).
It can be seen that the country’s regulation has been quite effective, and the domestic chemical raw materials are still mainly falling, but in contrast, overseas, the voices of price increases are still one after another! Sending out four or five price increase letters at a time is commonplace! The domestic and international market may fall into the “two heavens of ice and fire”?
Centralized suspension of production for 15 days,
Epoxy resin is rising by RMB 6,700/ton!
Recently, news came from the Huangshan area of Anhui that the Shexian Circular Economy Park will stop steam supply for annual maintenance at 10 am on June 7, 2021, and the furnace is expected to be shut down for about 15 days. Local epoxy resin companies remind customers that if they need to stock up, they can stock up in time.
The epoxy resin industry has been ups and downs since the beginning of this year. The supply of epoxy resins has been very unstable due to multiple factors such as environmental protection suspension and production restrictions, steam suspension, and annual maintenance. For 10 days, the furnace has been shut down for nearly half a month, which is expected to have an impact on the supply of products, or a reversal signal of the market since the epoxy resin peaked and plummeted in late April.
In foreign countries, epoxy resin has been the first to increase. Mitsubishi Chemical announced that it will increase the prices of epoxy resins and epoxy curing agents from June 1, including:
The increase of bisphenol A type/F type epoxy resin is 100 yen/kg (about 5822 yuan/ton),
The epoxy resin thinner series is 47~93 yen/kg (about 2736-5414 yuan/ton),
Special epoxy resin is 18-19 yen/kg (about 1048-1106 yuan/ton),
The epoxy resin hardener is 73-115 yen/kg (approximately 4249-6695 yuan/ton).
April 21, 2021
Kumho Mitsui MDI Expansion
Kumho Mitsui Chemicals to invest W400b to expand chemicals production
By Yonhap Published : Apr 21, 2021 – 10:45 Updated : Apr 21, 2021 – 10:45
 |
| Park Chan-koo (C), chairman of South Korea’s Kumho Petrochemical, and On Yong-hyun (R), CEO of Kumho Mitsui Chemicals, pose for a photo after approving a 400 billion-won ($358 million) investment plan to expand a methylene diphenyl diisocyanate (MDI) factory in Yeosu, 455 kilometers southwest of Seoul, on Wednesday, in this photo provided by Kumho Petrochemicals. (Kumho Petrochemicals) |
Kumho Mitsui Chemicals Inc. said Wednesday it will invest about 400 billion won ($358.1 million) to expand its chemical manufacturing factory in South Korea’s southwestern region.
The joint venture between Korean synthetic rubber maker Kumho Petrochemical and Mitsui Chemicals of Japan said its shareholders approved the investment plan to scale up a methylene diphenyl diisocyanate (MDI) factory in Yeosu, 455 kilometers southwest of Seoul.
MDI is a core material of polyurethane, which is used in various products, including refrigerators, building materials, car interior and exterior materials, and LNG vessels.
When the expansion is completed in 2024, Kumho Mitsui Chemicals’ annual MDI production capacity will rise from the current 400,000 tons to 610,000 tons and it is expected to raise over 1.5 trillion won in sales, it said. (Yonhap)
http://www.koreaherald.com/view.php?ud=20210421000376
Everchem Updates Archive 
Sign Up for Email Updates