OKCHEM News (November 15, 2017) l The market of phosphate ore is strong; One ammonium continues to rise in price; Tio2 enterprise shipments generally; Epoxy resin: raw materials continue to rise
The market of phosphate ore is strong
Recent supply of phosphate ore remains tight, the price is expected upward, and power of seller is strong. Most of the current downstream completed the annual ore procurement, market execution is mainly to fulfil previous contract, more uncertainties is expecting in the coming year. As mining enterprises still have intention of price increase, purchasing should be planned well.
One ammonium continues to rise in price
After Chinese National Day (October 1, 2017), the raw material sulphur rises greatly. The main production areas of phosphate ore in Sichuan, Hubei are in short supply. The sharp rise in raw material prices makes one ammonium cost rise faster, and enterprises adjust the price frequently.
Chinese titanium dioxide market (November 15, 2017)
Most of the Chinese titanium dioxide enterprises went back to the normal operation, however some continued to be limited in production. The industry average operating rate maintained at roughly 61%. The downstream bought TiO2 on demand; the sales of enterprises were at a normal range; volume of inventory was stable and looking upward.
Epoxy resin: raw materials continue to rise
The two main raw materials in epoxy resin manufacturing are bisphenol A and epichlorohydrin. Recently, both raw materials are looking to rise in prices, therefore, costs of epoxy resin will rise accordingly.