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PUdaily, Shanghai-- As of May 11, the prevailing offer for eastern-China polyether polyols stood at RMB8,800-9,100/ton DEL in bulk in cash. So far this year, the polyols prices have shown a downward trend. From January to April, China's polyether polyols prices declined continuously, with the price reaching the rock-bottom of RMB 7,100/ton at the beginning of April. This is mainly due to the supply glut as a result of the COVID-19 epidemic in the first quarter, which caused sluggish domestic demand and significantly decreased exports. Since mid-April, the polyols market has gradually recovered. In mid-April, polyols prices increased following the sharp rise in propylene and PO prices. whereas they fell back quickly as buyers were not interested in making purchases. After the end of April, the polyether polyols prices rose steadily mainly because of PO producers’ attempts prop up PO prices...
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On April 16, at the State Council Policy Briefing held by the State Council Information Office, Huang Yan, Deputy Minister of the Ministry of Housing and Urban-rural Development, said that in 2019, 19,000 old housing complexes across the country were renovated, involving 3.52 million residents. In 2020, 39,000 old housing complexes will be renovated, involving nearly 7 million residents, double the number of last year. The focus of the renovation is on residential buildings constructed before 2000. This happens in the context of the COVID-19 epidemic, due to which the building and construction industry witnessed suspension of work and delayed resumption of normal business at the beginning of this year. So the figures show the great importance the government attaches to the renovation work. If the renovation project is completed as planned, the demand for waterproofing materials will further rise this year...
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Propylene: Within one week after the Tomb-sweeping Day holiday, the offer of propylene manufacturers in Shandong rose significantly from RMB 5,150/ton before the holiday to RMB 5,900/ton. On April 12, the offer of Chinese chemical industry, the "weathervane" for Shandong’s propylene market, rose RMBb5,000/ton to RMB 12,000/to. Following that, the prevailing offer also increased by RMB 1,000/ton to RMB 8,000/ton...
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According to the National Bureau of Statistics, China’s GDP for the first quarter stood at 20.65 trillion yuan, down 6.8% year on year at comparable prices. The added value of the primary industry reached 1,018.6 billion yuan, down 3.2% year over year, that of the secondary industry was 7,363.8 billion yuan, down 9.6%, and that of the tertiary industry stood at 12,268 billion yuan, down 5.2%...
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