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China Polyurethane Monthly Report 201309
October 15, 2013    [Source:PUdaily]

TDI: China TDI market has almost been on downward pathway this month dragged by weak demand, increasing supply and price cut by Bayer MaterialScience; however, the prices rebound somehow after unplanned shutdown at Gansu Yinguang and delayed imports a result of typhoon Usagi...

Toluene: Domestic toluene dips lower on increasing supply and weak trading activities within September, despite positive economic data and price hike by Sinopec...

Polymeric MDI: China polymeric MDI market has been on downward pathway in September weighed down by long supply and lower-than-expected demand, albeit maintenance at Wanhua Chemical and Nippon PU...

Pure MDI: Pure MDI market in China keeps stable to firm in September bolstered by turnaround at Wanhua Chemical and Nippon PU as well as higher prices from suppliers...

Benzene: China benzene climbs firstly supported by Sinopec three times price hike but the market gradually winds down with increasing resistance to high prices and cooling buying interests...

Aniline: Domestic aniline market climbs with rising feedstocks benzene market, but it falls back on weak demand and restart at some producers in Shandong province...

Propylene Oxide: Propylene oxide prices increase by RMB300-400/ton to RMB13100-13300/ton in September. Most PO facilities retain low inventories dealing previous orders and imported PO stocks are limited posting a decrease of 49.83% compared with August. Meanwhile, propylene and liquid-chlorine prices hold out at high level thus PO prices stay firmly high despite buyers’ resistance...

Propylene: Propylene prices keep increasing to RMB11250-11350/ton due to tight supply, then gradually go down to RMB11500-11250/ton in the end of September as downstream buyers are unwilling to purchase at such high quotations, some propylene powder factories even choose to shut down their facilities in order to protect their profits...

Liquid-chlorine: Liquid-chlorine suppliers firstly lower their quotations to RMB500-700/ton considering increasing inventory pressure, but the price goes up again to RMB700-850/ton...

Flexible Polyols: Flexible polyols transactions are relatively stable after slight price hike, though downstream demands haven’t markedly improved but buyers have to replenish a little...

Flexible Polyols (HR Polyols): HR polyols mainstream negotiation prices continuously increase to RMB14600-15000/ton (DEL, drum) in E-China and S-China forced by high cost but downstream buying interests remain inactive and buyers still replenish on need-to-basis...

Rigid Polyols: In September, propylene oxide prices are on uptrend and the production costs of rigid polyols tend to high, therefore, rigid polyols suppliers have to hike their quotations under high cost pressure...

Polyols Market in Southeast Asia: Polyols market in SE Asia fluctuates a little in September and some polyols suppliers an distributors slightly increase their quotations due to high cost and strengthening of the US$. But foamers are complaining that the latest price hike has caused their cost to increase while their selling prices can not be increased...

Acrylonitrile: Acrylonitrile prices are stably up at first supported by limited spot stocks but market softens later forced by slack demands and increasing stocks, however, its prices still stabilize at RMB13750-13800/ton along with the efforts from acrylonitrile suppliers and traders to hold out the quotations...

Styrene: Styrene prices continuously boost up as both spot stocks and imported stocks decrease but it gradually stays firm at RMB13300-134000/ton in the middle of September...

PTMEG: In September, domestic PTMEG market retains favorable. To downstream spandex filed, operating rates are high due to increasing terminal demands, thus PTMEG market gains a certain downstream support. At present, demands for 20D, 30D and 40D increase and spot prices move upwards. It is predicted that later demands from spandex will keep improving in busy season and spandex prices will rise accordingly...

BDO: In September, overall domestic BDO market moves steadily with slight price increment. To manufacturers, Henan Coal Chemical newly-built 50ktpa BDO facility construction of second phase is put off being completed till October. Henan Kaixiang raises its BDO quotations by RMB 200/ton to RMB 14400/ton. Xinjiang Makor BDO facility restarted smoothly...

THF: This month, THF market moves upwards then stabilizes. From late August to early September, THF downstream industries recover and downstream orders increase. Thus THF transaction prices move upwards. In the second half of this month, THF market trends to be stable amid adequate market supply and not high buying interest...

3. Downstream Industries

3.1 Upholstered Furniture

China produced 3,633,000 pieces of upholstered furniture (including mattress and sofa) in August, increasing 8.87% compared with July. August was still traditional dull season for upholstered furniture sales, but the market slowly recovers with expectation for busy season of September and October...

3.2 Home Appliances

Household refrigerator: In August, 2013, China household refrigerator output was 7.9414 million sets, rising by 2.45% on a year-on-year basis but dropping 5.25% over last month...Household freezer: Output in August was 1.7593 million sets, declining by 1.67% over last August. In the first eight months in 2013, total output was 14.0255 million sets, increasing by 12% over 2012...

3.3 Automobile

Automobiles’ production and sale volumes in August stably increased according to CAAM data. Passenger cars’ increasing rate is slightly higher than commercial vehicles...

3.4 Coatings

Coatings outputs were 1,185,100 tons in August, increasing 11.2% compared with 1,065,700 tons in July and 5.71% compared with 1,120,600tons at the same period of 2012. The accumulated outputs were 8,148,500 tons from January to August, posting an increase of 3.96% compared with 7,838,400 tons at the same period of 2012...

3.5 PU Resin

According to related statistics, from January to August in 2013, outputs of plastic artificial leather and synthetic leather are 2,160,400 tons.

3.6 Spandex

....

3.7 Building Energy Efficiency

...
  3.8 Cold Chain

...

3.9 Containers

...

 

 

 

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