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2019.07.11 - 2019.07.21
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2019.08.28 - 2019.08.30
2019.08.28 - 2019.08.30
2019.09.11 - 2019.09.13
2019.09.16 - 2019.09.19
2019.09.18 - 2019.09.20
2019.09.18 - 2019.09.20
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2019.09.25 - 2019.09.26
Ukraine"s polypropylene (PP) imports totalled about 66,800 tonnes in the first six months of the year, up 10% year on year. The greatest increase in imports accounted for homopolymer PP, according to MRC DataScope. June PP imports into the country fell to 10,200 tonnes from 11,500 tonnes a month earlier, the main decrease in imports were seen in the shipments of PP random copolymers. Overall imports of propylene polymers reached 66,800 tonnes in January-June 2019, compared to 60,800 tonnes a year earlier. Homopolymer PP accounted for the main growth in imports, whereas demand for propylene copolymers subsided. The structure of PP imports by grades looked the following way over the stated period. June imports of homopolymer PP practically remained steady, compared with the May figures - 8,100 tonnes. Overall shipments of homopolymer PP reached 52,200 tonnes in the first six months of 2019 versus 44,500 tonnes a year earlier. Last month"s imports of block propylene copolymers (PP block copolymers) were 1,000 tonnes, compared to 1,100 tonnes in May. Imports of PP block copolymers into the country were about 6,400 tonnes in January-June, compared with about 6,500 tonnes year on year. June imports of statistical copolymers of propylene (PP random copolymer) were about 1,000 tonnes from 2,200 tonnes a month earlier, local companies significantly reduced their purchasing of pipe PP random copolymer. Overall imports of PP random copolymers exceeded 7,300 tonnes in January-June 2019, whereas this figure was about 8,700 tonnes a year earlier. Overall imports of other propylene copolymers were about 867 tonnes over the stated period. Source: MRC
Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. In China, wire drawing accounts for a large proportion with the share of 36.3% in polypropylene consumption structure. But recently, the demand for plastic injection products is increasing in various sectors, such as automobiles, home appliances, toys, daily necessities and industrial containers. As a result, the demand of polypropene in plastic articles has increased accordingly. In 2017, plastic products accounted for 33%. Polypropylene are usually produced from four types of raw materials, namely, oil to olefin, coal to olefin, propane dehydrogenation and propylene. In 2016, polypropene produced by oil to olefin had the biggest proportion with the share of 63.32%. Although the share of oil to olefin decreased a little in 2017, it still dominated the market and at the same time, the proportion of other raw materials has increased. In recent years, China's enterprises have expanded their polypropylene production. The output of PP has experienced a steady increase from 2010 to 2017. In 2017, polypropylene output reached 19,790,000 tons, rising by 11.81% from a year earlier. From the perspective of polypropylene consumption quantity, it also showed a rising path in general. The polypropylene consumption quantity was 22,762,000 tons in 2017, increasing by 7% from 2016.
Swiss colour and speciality chemicals manufacturer Archroma has unveiled a new range of high wet-fast disperse dyes for polyester fibres in sportswear and activewear applications. The Foron SP-WF dyes are especially suited for the colouration of polyester fibres and microfibres, and polyester/elastane blends, in exhaustion application, the company says. They sit within Archroma's Fast Sport colouration system for polyester knitted sportswear, which it says provides "the best fastness in the shortest possible time with a reduced environmental footprint. Including both primary and ternary colour grades, the Foron SP-WF range has been developed to fulfil the high colour wet fastness and performance requirements of sportswear manufacturers and brands, Archroma says. In addition, the range's core ternary colour grades enable deep shades at lower dyeing temperatures on sensitive polyester/elastane fabrics without causing excessive fibre damage, saving energy resources and meeting the high fastness demand of leading brand companies. When using Foron SP-WF dyes as part of the Fast Sport system, manufacturers have the potential to reduce their consumption of time, energy, chemical, and water, as well as CO2 emissions, the firm adds. "We see a growing demand for apparel in the sportswear and activewear segment, reinforced with the now installed athleisure trend," says Mark Dohmen, head of Archroma's Competence Center Automotive and Synthetic Dyes. "Consumers want deep colour that stays put on the fibre and brands are defining their requirements accordingly." source: just-style.com
It is estimated that around 47 million tons of phosphate fertilizer is applied to fields globally, costing growers $41 billion each year. However, research shows that 83% of growers are still concerned about phosphorus unavailability in their soils. And, current growers believe only 60% of the fertilizer applied is actually available to the crops, leaving them with a loss of 40% of their fertility investment. And, if soil conditions are challenging, those fertilizer deficiencies could be even greater. To help combat these losses, West Central developed a new broadcast fertilizer additive, Trivar, designed to maximize phosphate fertilizer by increasing the availability of phosphorus and other key nutrients. Trivar is the first of its kind chelating agent that can be added directly to a dry phosphate fertilizer and broadcasted on the field. Trivar delivers essential crop nutrients by utilizing three advanced modes of action: a proprietary blend of the strongest and most effective chelate to prevent nutrient tie-up, nutrient-focused enzyme to convert phosphorus to a plant available form, and plant critical micronutrients like zinc and boron. “Trivar is effective on a wide range of soil types. It works in a wide pH range, including both low and high levels, when organic matter are present and with the cation exchange capacity (CEC) of the soil,” says Steve Carlsen, Levesol and Crop Enhancement Portfolio Manager with West Central. Protecting Key Nutrients Powered by the Levesol chelating agent, Trivar’s first unique mode of action protects the key micronutrients in the soil from binding with phosphorus. This action leaves more nutrients available for uptake, increasing overall nutrient efficiency in the plant. “By allowing these nutrients to more easily and effectively be taken in by the plant, we see healthier plants and improved yield,” Carlsen says. “Using Trivar helps protect costly phosphate fertilizer investments. When it’s added to the crop management plan, Trivar prevents nutrient tie-up and maximizes nutrient availability.” Trivar’s second mode of action uses a nutrient-focused enzyme to convert organic phosphorus to plant available inorganic phosphorus. This phosphatase enzyme starts working in the soil immediately to free up the most unavailable phosphorus from the soil. Trivar contains trillions of concentrated enzymes, each with the ability to drive thousands of reactions. To round out the benefits, Trivar’s last mode of action adds zinc and boron to every one of the product’s granules. These micronutrients are important to plant development because, “zinc is highly responsive in crops and drives critical plant growth and development and boron drives root development and helps regulate calcium, magnesium, copper and potassium,” Carlsen explains. Use Rate and Benefits Impregnate the low standardized use rate of 3-4 qt to each ton of phosphorus-based fertilizer for cropping systems that could benefit from additional nutrient availability. Trivar is effective in both fall and spring broadcast fertilizer applications. The formulation helps to minimize fertilizer dust and does not affect fertilizer flowability. Another added bonus is that Trivar takes less time to impregnate on phosphate fertilizer than other commonly used impregnated products. source: croplife.com
Imports of suspension polyvinyl chloride (SPVC) into Ukraine decreased by 46% in the first half of 2019 year on year to about 21,000 tonnes. At the same time, sales of Ukrainian PVC to foreign markets dropped by 6% year on year, according to a MRC"s DataScope report. Last month"s SPVC imports to the Ukrainian market fell to 2,600 tonnes from 2,900 tonnes in May, local companies significantly reduced their purchasing in foreign markets in the past two months amid high prices and sufficient supply from the domestic producer. Overall SPVC imports reached 21,000 tonnes in January-June 2019, compared to 38,800 tonnes a year earlier. European producers with the share of about 69% of the total imports were the key suppliers of resin to the Ukrainian market in the first half of 2019. USA producers with the share of about 31% were the second largest suppliers. Stronger demand for Ukrainian PVC from the domestic market led to lower imports. 13,400 tonnes of suspension were shipped to foreign markets in June, whereas this figure was 16,400 tonnes a year earlier. Overall, over 80,000 tonnes of PVC were shipped for export in January-June 2019 versus 84,700 tonnes a year earlier. Source: MRC
Singapore's petrochemical exports in June fell by 16.7% year on year to Singapore dollars (S$) 1.24bn ($912m), weighing on overall non-oil domestic exports (NODX), official data showed on Wednesday. The June reading marks the 10th straight month of contraction in the country's petrochemical exports. The country's overall NODX in June fell by 17.3% year on year to S$12.4bn, posting a steeper decline than the previous month's 16.3%, Enterprise Singapore said. Non-electronic NODX, which includes pharmaceuticals and petrochemicals, fell by 12.4% year on year to S$9.79bn in June. Its exports of primary chemicals to China slumped by 50.5% in June. Singapore's NODX to nine out of Singapore's top 10 markets contracted in June. Singapore’s export-oriented economy has been hurting from the year-long trade war between the US and China. In the second quarter, the city-state posted a much slower annualised GDP growth of 0.1%, and registered a 3.4% quarter-on-quarter contraction. Source: ICIS
Polyphenylene sulfide (PPS), is a special engineering plastic with excellent comprehensive properties. PPS is characterized by excellent high temperature resistance, corrosion resistance, radiation resistance, flame resistance, balanced physical and mechanical properties, and excellent dimensional stability which can be used as structural polymer materials and as special engineering plastics after modification. Besides, PPS can also be made into various functional films, coatings and composite materials, and has been successfully applied in electronics, environmental protection, petrochemical, aerospace, and automotive industries. As the downstream industries are developing rapidly in the recent years, the global demand for PPS is also rising continuously from 2011 to 2017 with the average annual growth rate of 10.26%. In 2017, the global PPS demand is about 115,000 MT while the PPS output is about 117,000 MT. The global PPS industry is highly concentrated. The world's leading PPS suppliers are mainly from the United States, Japan and China, among which Japan is the largest producer of PPS, accounting for about 45% of the world's total production capacity. The top five PPS manufacturers are Toray, DIC, Solway, NHU and Fortron, accounting for over 50% of global PPS production capacity. Top 10 PPS Suppliers Around the Globe China is also the largest PPS consumer in Asia with the market demand of PPS rising from 13,000 MT in 2010 to 47,000 MT in 2017. As the electronic, environmental protection and automotive industries develop rapidly in China, the PPS production and demand have become increasingly tight and there will be a severe competition between the foreign and domestic PPS suppliers. However, as a special engineering plastics, PPS has high technical barriers with high price. The modified PPS yield is much lower than other engineering plastics and general plastics. In addition, there is still a big gap between the quality of domestic and imported modified PPS due to the unstable formula of domestic modified PPS, and the unstable quality of domestic resin products.
Spot resin trading continued to improve and became busier as the week wore on. Most spot Polyethylene prices slipped another cent, continuing to track its long-term downtrend; Polypropylene prices edged a half-cent higher as PGP monomer rose further and contracts appear poised to reverse the June decrease. Buying activity really heated up on Friday as slow moving Tropical Storm Barry gained strength over the warm gulf waters, threatening key oil / gas and petrochemical infrastructure, which triggered some precautionary facility closures. The storm is expected to make landfall over the weekend as a hurricane, but is forecasted to avoid the major plastics producing regions in Texas, though there might be some impact on plants in Louisiana. As a result and in further anticipation, energy and feedstock prices rallied and some processors procured additional resin as back-up supply. The added demand boost reversed the trend of below average trading results and lifted completed volumes to excellent levels. The energy and NGL markets all moved higher influenced by storm related shut-downs and potential production disruptions. WTI Crude Oil futures rose above the $60/bbl resistance level midweek and held; the new front month August futures contract added a net $2.70/bbl, nearly 5%, to end the week at $60.21/bbl. Brent Crude also realized a good gain, the Sept contract rose $2.49/bbl to $66.72/bbl. August Nat Gas edged higher, rising $.035/mmBtu to $2.453/mmBtu. Ethane recouped a majority of the previous week’s losses, as prompt prices were up $.027/gal to $.16/gal ($.068/lb). The forward curve is in steep contango, with prices currently set to rise to $.225/gal by year-end. Propane rallied, reversing the prior week’s loss, prompt prices recovered $.025/gal to $.495/gal ($.14/lb), the forward curve is also in steep contango. Monomer trading was quite quiet, market interest was very limited, and only a handful of visible transactions were seen. Ethylene had more aggressive bids than offers, pushing prices higher throughout the week. By Friday afternoon, spot Ethylene had put up an impressive weekly gain of nearly a penny and a half, more than 10%, to settle at $.1525/lb. PGP changed hands a few times early in the week, but then slowed and there was nary a peep until Friday when the market jumped 2-cents to $.39/lb as the storm approached. Current spot levels now support a $.04-.05/lb increase, June contracts were down $.035/lb to $.365/lb, so it seems July contracts will at least recover this loss, but the market is volatile and likely to still move around. The spot Polyethylene trading slumber is over; the markets became busy and completed volumes tallied above average. In general, processors were in the market to restock while some also ordered extra ahead of the potentially disruptive storm moving through the Gulf. Despite the healthy trading volumes, most of our spot commodity grade PE prices still fell another penny, though LDPE Film and LD/LLDPE for Injection managed steady. Asian PE prices have been recovering the last couple of weeks and have been providing better incremental export demand at and just below prevailing Houston offers. June PE contracts seem to have mostly rolled steady, though some processors might have taken a decrease or received a volume rebate. To help add to pricing confusion, there is a $.03/lb increase on the table for July PE contracts; however, spot prices have continued to slide and the market is perhaps setting up for a July decrease to balance those that did not receive relief in June. Polypropylene trading picked up during the second week of July; our completed volumes were above average and prices gained a half-cent. Both processors and other resellers were active buyers in our spot market, some came to restock as a normal course of business, but order sizes were generally large, perhaps influenced by the recent strength in PGP or worries about possible supply disruptions due to tropical storm Barry. Overall supplies remain average to ample and there are still some excellent deals to be had, particularly for offgrade. July PP contracts will follow monomer contracts higher, they both appear ready to at least reverse the $.035/lb decrease that came through in June. We remain neutral to slightly bullish. Source: plasticstoday