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caustic soda flakes 99%
440 MT
China
Solvent orange 58
Pakistan
Vinyl Resin
Pakistan
Doxycycline Hcl BP
Bangladesh
Solvent orange 62
Pakistan
Ciprofloxacin Hcl USP
2000 KG
Bangladesh
Mineral White Oil 68 cosmetic grade
1 40' Container
South Africa
Vitamin B12 & D3
2000 KG
India
Solvent blue 70
Pakistan
Acrylic Resin
Pakistan
NC Resin
Pakistan
Azithromycin Dihydrate Micronized BP
300 KG
Bangladesh
Dexamethasone Base
75 KG
Indonesia
xanthan gum（Petroleum drilling grade）
250 MT
Russian Federation
Perchloro ethylene
44 MT
Vietnam
Solvent red 127
Pakistan
Solvent black 27
Pakistan
Polyurethane
Pakistan
Azithromycin Dihydrate Compacted BP
1000 KG
Bangladesh
organo clay
Thailand
-3.6%
$ 810.00 /MT $ 840.00/MT
-2.2%
$ 2300.00 /MT $ 2350.00/MT
-8%
$ 2300.00 /MT $ 2500.00/MT
-8%
$ 2300.00 /MT $ 2500.00/MT
-2.2%
$ 2250.00 /MT $ 2300.00/MT
Mexico City,Mexico
2019.04.02 - 2019.04.05
Mumbai,India
2019.04.16 - 2019.04.17
Moscow,Russian Federation
2019.04.23 - 2019.04.26
Ningbo,China
2019.04.25 - 2019.04.27
Lahore,Pakistan
2019.05.02 - 2019.05.04
Guangzhou,China
2019.05.21 - 2019.05.23
Shanghai,China
2019.06.18 - 2019.06.20
Mexico City,Mexico
2019.06.19 - 2019.06.21
Spot resin trading was somewhat sporadic with intermittent periods of quiet mixed in with spurts of aggressive activity. The flow of fresh railcars was a little lighter, though some resellers also sought to unload their uncommitted warehoused stocks, which aided market liquidity. Polyethylene prices remained steady for the second week in a row; spot levels have lifted between $.005-.02/lb above this cycle low, which occurred about a month ago. Polypropylene offers continued to pelt the market, and some suppliers seeking sales reduced railcar asking prices, seemingly just trimming margins to spur demand. It was enough pressure to shave another half-cent from both HoPP and CoPP levels. Despite a price increase on the table, PE contracts should roll flat at best; PP contracts will decrease in-line with the decline in PGP monomer, currently estimated at $.03/lb. The major energy markets were mixed and generally strengthened as the week wore on. WTI Crude Oil futures rolled to May and made new cycle highs, reaching $59.25/bbl, a level not seen since the beginning of October. Some profit taking was seen on Friday but WTI still ended the week at $58.82/bbl, up a net $2.39/bbl. Brent Oil was not quite as strong; the May contract only added $1.42/bbl to $67.16/bbl, shrinking its premium to just $8.34/bbl. Nat Gas pulled back a bit, though remained range bound as it has been for the past several weeks. The April contract shed $.07/mmBtu to $2.795/mmBtu. Ethane took a tumble, the April contract came to the forefront and lost a large $.02/gal to $.276/gal ($.116/lb). Propane saw some back and forth trade and ended the week at $.685/gal ($.194/lb), essentially unchanged. Spot monomer trading was sluggish this past week, visible transactions were sparse and prices saw little change. Prompt Ethylene only garnered bids below last value and finally changed hands fractionally lower at $.15/lb late in the week. There was better buying in the deferred months and the forward curve’s contango shape steepened ever so slightly. Propylene found some scattered interest throughout the week, but buyers and sellers still seemed separated by price. PGP for prompt delivery shored up a very modest gain and settled right around $.325/lb. Prompt PGP levels are currently the cheapest on the board, all future months are priced at a premium; Dec 2019 is just above $.36/lb and Jun 2020 is now shown a shade below $.40/lb. In the meantime, March contracts will soon settle and we are eying a decrease around $.03/lb to $.355/lb or so. Spot Polyethylene trading picked up steam as the week moved along finishing with a flourish of activity on Friday. Spot market activity came in waves, much as we have seen so far during 2019, and despite these ebbs and flows, completed volumes were surprisingly high last week. Our official PE prices did not see change during the week, although sellers’ asking prices generally began higher before being whittled back down to familiar levels to enable transactions. Processors continue to tap the spot market for relative deals, some minimizing their contract purchases, which to some, remain frustratingly high. At this juncture we do not feel that the current $.03/lb price increase warrants implementation. Overall domestic Polyethylene demand was soft in Feb, down about 5% from the trailing 12 month average, though export sales continued to pick up the slack, running a solid 1.25 billion lbs, representing 32.5% of total sales. These preliminary results, which tend to revise, also indicated that production issues and maintenance impacted PE production, which pulled back to the lowest level in a year. This led to a sizable draw from producers’ collective inventories, the first since October. While supply / demand fundamentals are improving, we have yet to see much impact on spot prices, which remain well discounted to general contract levels. Polypropylene trading eased back from its recent heightened pace, reverting back to a more normal, if not lackluster level. While offers were consistent, demand was lax, and enthusiastic sellers shaved prices to gain orders, resulting in a half-cent decline in both HoPP and CoPP. Preliminary results indicated that PP demand was soft in Feb, the weakest since last Feb, which is historically a seasonally slow month for PP, before stronger demand kicks back in. Reduced production contributed to a moderate draw in upstream PP inventories, the first since October. We expect March PP contracts to decrease about $.03/lb along with the anticipated drop in monomer contracts. Unless the entire PGP forward curve readjusts lower, PGP prices are now forecasted to begin a long and slow uptrend, which will at least be matched by PP. We are often early calling for market trend changes, but as long as the price is right, now feel comfortable buying a bit more than we are selling. Source: theplasticsexchange.com
Green & Light Automotive Components (Green & Light), an auto parts supplier based in China, has introduced an easy-to-clean surface covering for car trunk floors. Employing polyurethane paper honeycomb technology, the trunk floor surface is covered by Elastoskin, a polyurethane skin technology from BASF. Compared to conventional non-woven fabric surfaces, this newly developed product is easier to clean, offers great freedom in the design process, and has excellent aging and emission properties. The honeycomb structure has been used in trunk covers, headliners, and hat racks. A paper honeycomb enclosed by two fiberglass mats is foamed and pressed with the Elastoflex E semi-rigid polyurethane foam. This can reduce component weight by 20-30% while retaining the same strength and stiffness. In a global project with Green & Light, an Elastoskin skin was applied for the first time on the B-side of a trunk floor. The polyurethane skin ensures that dirt can be easily removed and the trunk kept clean. Whereas non-woven fabric must be bonded to the trunk floor in an additional production step, Elastoskin is poured on directly. This technology opens up new possibilities in the design and conception of the trunk floor. It retains the outstanding mechanical properties and also reduces emissions and odor. Elastoskin is pleasant to touch, easily released from the mold, highly resistant to aging, and delivers reproducible contours. “For many years, BASF has been supporting the trend towards weight reduction in the automotive industry with its honeycomb technology. This development process symbolizes BASF’s global approach, and this innovative material solution leads to new possibilities for car interior components,” said Andy Postlethwaite, Senior Vice President of Performance Materials Asia Pacific. “Our partnership with Green & Light demonstrates how much we support our customers with in-depth expertise in new developments. There could well be more innovations, taking account of global added value.” The initial laboratory tests and developments were completed at the BASF site in Lemförde, Germany. The honeycomb components with Elastoskin are produced by Green & Light Automotive Components at its plant in Suzhou, China. The finished components are then shipped to automotive manufacturers and suppliers worldwide. Source: plasticstoday.com
Source: ChemOrbis Import and local polyolefin prices in Indonesia have witnessed a new round of increases this week, with sellers attributing the uptrend to strong crude oil futures along with expectations of an improvement in demand ahead of the Ramadan month. Initial April offers for import PP, PE announced higher Initial April prices from a Southeast Asian producer were announced to Indonesia with increases of $10-20/ton for PP and $20-30/ton for HDPE and LDPE when compared to March, traders reported. “Despite the approaching Ramadan, demand from the packaging sector has yet to pick up as buyers are cautious about large-scale purchases ahead of the general elections in April. However, the sentiment is improving gradually and sellers are standing firm on their offers amid increasing commodity prices. Strong crude oil futures support the polyolefin sentiment,” commented a local trader. A woven bag manufacturer, meanwhile, received $10-15/ton higher homo-PP raffia offers for a South Korean origin, noting, “Suppliers are reluctant to offer discounts in deals and we think that the current offer levels are quite high. Demand for our end products is volatile hence we are limiting our purchases.” Local market notches the fifth week of gains According to data from ChemOrbis Price Index, the weekly averages of HDPE film, LLDPE film and homo-PP raffia prices on FD Indonesia basis have been firming up since they hit around one-and-a-half-year low in the first half of February. This week marked the fifth week in a row of rising prices. According to traders, a domestic producer has implemented consecutive hikes on its local PP and PE prices for the past four weeks. The producer’s latest offer levels indicate cumulative increases of around IDR700,000-1,000,000/ton ($49-70/ton) for homo-PP and IDR550,000/ton ($39/ton) for LLDPE and HDPE when compared to a month ago. A source from the producer noted, “Our LLDPE supplies are limited while demand from buyers has been mediocre recently. We believe that the recent rebound of spot ethylene prices along with strong crude oil futures will help the market sustain a firm sentiment in April.”
After three-day exhibition in full swing, CPhI South East Asia 2019 (12-14 March 2019 | QSNCC, Bangkok, Thailand) dropped its curtain on March 14. This year more than 5,500 industry and academia leaders and professionals across the world came together in Bangkok, Thailand for CPhI SEA. It gathered a total of 277 exhibitors around the world under one roof, with 132 of them from China and others from Thailand, India, Italy and Singapore. And visitors from Thailand, China, Indonesia, Malaysia, Vietnam, Bangladesh and other countries were also attracted to the grand banquet. Although this big event coincided with another event, VIV Asia 2019 (Bangkok, 13-15 March 2019), the heat of CPhI South East Asia 2019 never diminished. As a leading B2B platform for the chemical industry, OKCHEM also attended the party and showed at booth D8. During the three-day event, OKCHEM booth was swarming with visitors not only thanks to our brand popularity and exposure, but to the special products brought by our supplier. This time, OKCHEM joined hands with another two companies to attend this special exhibition, namely, Ju Yuan Tang Natural Perfume Co, Ltd., and Jiangxi SunWay Chemical Co., Ltd. They both achieved remarkable success from this joint exhibition. OKCHEM was assisting Ju Yuan Tang in giving a detailed presentation of their product advantages OKCHEM was assisting Jiangxi SunWay in sourcing the needs of overseas buyers During the exhibition, Mr. Luo, Director of Ju Yuan Tang Natural Perfume expressed his appreciation in our great services such as interpretation and smart negotiation. “We are very satisfied with the perfect translation service and assistance of negotiation by OKCHEM talented and capable employees, they are amazing! We look forward to our next joint exhibition.” affirmed Mr. Luo. During this exhibition, many suppliers from home and abroad came to realize the value we may bring to them. Customized services such as customer sourcing, market report, joint exhibition and financial service, caught the most attention. Suppliers were interested in the membership of OKCHEM OKCHEM was giving a speech in the Cannabis Conference OKCHEM witnessed the spectacular sight of Cannabis for Medical Application in Thailand On the last day of the exhibition, Cannabis for Medical Application in Thailand, organized by the Pharmaceutical Association of Thailand under Royal Partonage, was held on March 14th in the Ball Room. More than 400 Thai pharmaceutical industry professionals were present at this conference. OKCHEM also gave a speech for about half an hour, which gained many positive feedbacks. In this conference, we have to express gratitude to the kind favor of Ms. Waranyu Lengwiriyakul (PharmD), Manager of the Pharmaceutical Association of Thailand Under Royal Partonage. She promised that she will share the info of more than 400 attendees with OKCHEM, she also introduced us the persons in charge of a renowned Medical News Corporation and the conference coordinator of the UBM Asia. The in-depth Thai pharmaceutical market analysis report caught the eye of all attendees After the Seminar, some suppliers were asking for advice from Mr. Teera Cannabis for Medical Application in Thailand was followed by the Seminar of Thailand Pharmaceutical Market Analysis, which took place on March 14th, from 13:00 to 14:30, in Executive Room 2. A total of 33 suppliers attended the event. Considerable suppliers were very interested in the in-depth Thai pharmaceutical market analysis report provided by Mr. Teera, Vice President of PAT. PAT is Thailand's largest pharmaceutical association, which imports a large amount of pharmaceutical raw materials from China every year. The attended suppliers also got a free opportunity to promote their company's products to the members in the PAT Association. At the same time, Mr. Teera expressed high recognition of the brand publicity of OKCHEM and our service mode. He also expressed an intention of further cooperation with OKCHEM. After the exhibition, quite a number of suppliers expressed their expectation that we could help them make a way into overseas market with our localized services, and help them to explore the wider market and attract more customers through joint exhibition. And that is exactly cause that we are good at, because we have always been dedicated to offering the best services for both suppliers and buyers! Some hot products of Ju Yuan Tang Natural Perfume Angelica Oil Eugenol Tea Tree Oil Garlic Oil Some hot products of Jiangxi SunWay Chemical triphenylphosphine Diethyl cyanomethyl phosphonate 7-chloroquinaldine Diethyl 2,5-dibromohexanedioate Click here to know more about the Thai market
Reuters is reporting that Australian farmers are postponing buying fertilizer and other products they typically use to protect their crops as a drought across the country’s east coast darkens the outlook for the rural sector in one of the world’s top exporters of grains. Wheat, the nation’s largest rural export, is usually sowed in late April, but this year farmers are trying to minimise expenditure on items such as fertilizer, herbicides and pesticides amid the threat of another crop failure following the hottest summer on record. Consequently, companies that make those products like Nufarm, which reports half-year financial results on Wednesday, could become the latest to be caught in the fallout from the catastrophic drought that is already hitting everything from wine production to the wool clip. “I would normally have bought about 100 t of (fertilizer and crop protection) product by now, but there has been no rain, we have no soil moisture, so I haven’t purchased any this year,” said Tom Woolaston, a grains and livestock farmer in Somerton, around 440 km northwest of Sydney. Analysts have said it is too early to forecast the demand for fertilizer and crop protection products in 2019 and 2020 because rain later in the season could improve it. “If rains arrive in September, farmers will increase the use of nitrogen, if it remains dry, demand will fall further,” said Wesley Lefroy, an analyst at Rabobank. Demand for fertilizer in Australia fell 2% to total 6.5 million t last season, according to data from industry group Fertilizer Australia. In September, Nufarm reported an annual loss which sent shares down over 8%. At that time, Nufarm said a return to profitability was likely in 2019, but that this would depend on a return to ‘more average (weather) conditions’ by winter. “Nufarm has guidance but in our opinion, there is a significant downside risk,” said Belinda Moore, equity analyst, Morgans. A poor season last year also meant that farmers stopped applying fertilizer earlier than usual, leaving them with stockpiles that still need to be worked through, growers said. Data from the Australian Bureau of Meteorology shows that almost half of the states of New South Wales and Queensland have recorded less than 50% of their regular rain quantities over the last three months, with dry conditions set to persist until at least the end of May. New South Wales and Queensland usually produce roughly half of all Australian wheat. The country’s wheat exports were worth an estimated A$5.5 billion (US$3.9 billion) last year. “There is no margin for error. There is virtually no soil moisture, so any prolonged period of dry weather is going to leave some farmers unable to produce a crop again,” said Phin Ziebell, agribusiness economist, National Australia Bank. source:worldfertilizer.com
IFF’s Frutarom division has completed the acquisition of a 70% stake in Leagel, a producer of ice cream and gelato ingredients in Europe. A family-owned company based in San Marino, Italy, Leagel specializes in artisanal taste, texture and toppings sold directly to ice cream and gelato shops. “The purchase of the stake in Leagel aligns well with our strategic acquisition in 2017 of SDFLC Brasil Indústria E Comércio, a top Brazilian producer of taste solutions for ice creams and desserts,” said Amos Anatot, President of IFF's Frutarom Division. “We see great opportunities to combine these companies and create a global platform for our ice cream ingredients business, expand our geographic reach and leverage cross-selling opportunities.” Leagel has 61 employees serving 1,600 direct customers and distributors, with a geographic reach that includes 25 countries in Europe. The company’s portfolio includes a wide spectrum of offerings, from individual artisanal ingredients to a full suite of products and equipment for the gelato and ice cream retailer. IFF retains an option for the residual 30% stake in Leagel to be exercised after three years. source: ingredientsnetwork.com
ADM has reached an agreement to acquire the Ziegler Group, a European provider of natural citrus flavour ingredients. The agreement comes shortly after ADM completed its addition of U.S.-based citrus flavour provider Florida Chemical. “Ziegler is highly respected as a cutting-edge leader in citrus, and we’re excited to welcome their outstanding leadership and talent to ADM,” said Vince Macciocchi, president of ADM’s Nutrition business. “The combination of Ziegler and Florida Chemical will immediately position ADM for growth as a global leader in natural citrus ingredients, with a complete range of innovative citrus solutions and systems for food, beverage and fragrance customers.” Founded in 1963, Ziegler uses proprietary cold concentration technologies to produce natural high-quality citrus oils, extracts, concentrates and compounds for flavour, food, and beverage industry customers, focusing on Europe, the U.S. and Japan. The company is privately held and headquartered in Aufsess, in southern Germany. “We are delighted that we found a strong home at ADM where both our business and our people can grow,” said Günter Ziegler. “The integration of more than 50 years of citrus expertise into the ADM group will secure our top priority: successful long-term growth for our business and our employees. Our family members will be staying with the company to help ensure a smooth transition. We’re excited to join ADM and strongly believe that the combination of our technology and citrus capabilities, coupled with the portfolio of ingredients and global reach of ADM, will accelerate growth opportunities while creating benefits for our customers.” “Citrus is one of the fastest-growing, highest-demand flavours for food and beverages, which is why the creation of a global citrus platform offering a complete product line for our customers is such an important capability for our growth strategy,” Macciocchi continued. “We’re continuing the most ambitious portfolio transformation in our company’s long history, and as we build the world’s leading nutrition company, the beneficiaries will be our customers and our shareholders.” The deal, which is subject to regulatory approval, is expected to close in the second quarter of 2019. source:ingredientsnetwork.com
Polypropylene (PP) imports into Russia slumped in the first month of 2019 by 18% year on year to 23,800 tonnes. Propylene homopolymer (homopolymer PP) accounted for the greatest decrease, as per MRC"s DataScope report. February imports of homopolymer PP into the country grew to 15,200 tonnes, compared with 8,500 tonnes in January. The deliveries of propylene homopolymers from Turkmenistan and Azerbaijan have increased by several times. In general, total PP imports into the country increased to about 23,800 tonnes in January - February compared with 29,000 tonnes year on year. Imports of homopolymer PP decreased most of all. Overall, the structure of PP imports by grades looked the following way over the stated period. February imports of homopolymer PP increased to 5,000 tonnes against 1,900 tonnes a month earlier, shipments of homopolymer PP raffia from Turkmenistan increased several times. A new plant in Azerbaijan began shipments of PP. Thus, overall imports of homopolymer PP to Russia totalled about 6,900 tonnes in the first two months of 2019, compared to 9,600 tonnes a year earlier. February imports of PP block copolymers in Russia were about 4,300 tonnes against 2,500 tonnes in January on increased demand for pipe PP several times. Imports of PP block copolymers into Russia reached 6,800 tonnes in January-February 2019, compared to 7,100 tonnes a year earlier. February imports of PP random copolymers were about 2,800 tonnes versus 1,600 tonnes a month earlier, the volume of purchases increased by local producers of film products. Total imports of PP random copolymers in Russia were 4,400 tonnes in January - February 2019, compared with 5,200 tonnes year on year. Imports of other propylene polymers for the reported period increased to about 5,600 tonnes compared with 7,100 tonnes in the same time a year earlier. Source: MRC
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