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China Polyurethane Monthly Report 201310
November 11, 2013    [Source:PUdaily]

TDI: China TDI market has been persistently dipping lower in Oct. on a lack of trading activities amid lower than expected demand for the time of the year. One domestic supplier’s price cut for H2 also burdens TDI prices...

Toluene: As a derivates of crude, domestic toluene market is guided up firstly and then down by fluctuating oil prices. The market settles at RMB8150-8200/ton in east China at the month end...

Polymeric MDI: China polymeric MDI market continues festering on ample supply and weakening demand.Output constraints at some producers in Zhejiang amid typhoon Fitow have been dwarfed by demand weakness in east and south China...

Pure MDI: The pure MDI market in China mainly keeps stable to soft on stable supply and declining demand from terminal market.
Availability in spot market remains good despite once constraints at some producers...

Benzene: China benzene market falls guided by Sinopec twice price cuts and low buying interest in spot market; prompt cargoes are largely offered at RMB8900-9050/ton till the end of Oct...

Aniline: The aniline market drops in line with feedstocks market and mainstream offers dip by 700-800/ton to RMB10800-11200/ton at the month end...

Propylene Oxide: Propylene oxide market continues its promising situation with continuously increasing quotations due to tight supply especially in later October as imported stocks have been delayed by typhoon...

Propylene: Propylene prices boost up to RMB11100-11250/ton after National Day Holidays due to tight supply but gradually slide down at RMB10600-10700 restricted by weak propylene powder market and PO plants’ centralized maintenance in Shandong...

Liquid-chlorine: Liquid-chlorine prices in E-China go up but fall down in N-China based on supply difference as chlor-alkali factories in E-China operate with low rates while in N-China with high rates...

Flexible Polyols: Flexible polyols suppliers are forced to hike their quotations along with PO prices’ surprisingly rebound but downstream buying interests haven’t largely improved...

Flexible Polyols (HR Polyols): Judged from the new policy in automotive industry carrying out from Oct. 1 that automotive manufacturers should guarantee for repairing, replacement and returns of the cars...

Rigid Polyols: Rigid polyols prices stably go up pushed by high cost but demands from downstream sectors like construction and household appliances gradually shrink since they are at the end of busy season...

POP: Though styrene prices slide down, acrylonitrile and PO prices stabilize at high level thus POP prices increase accordingly. Demands remain low and have no signs of turning better in the short term...

Elastomer Polyols: Elastomer polyols prices go up by RMB500/ton to RMB150000-15200/ton (DEL, drum) due to high cost but downstream buying interests have no improvement...

Polyols Market in Southeast Asia and India: Polyols market in SE Asia remains stable at the first half of October but gradually increase with different ranges in different prices forced by high cost pressure...

Acrylonitrile: Acrylonitrile prices firstly go up by RMB100-200/ton supported by limited imported stocks and high cost but gradually stabilizes at high level at RMB14050-14100/ton till the end of October...

Styrene: Styrene prices continuously fall down amid decreasing oil prices and unimproved demands; even worse, most buyers prefer to purchase when prices go up instead of coming down...

PTMEG: In October, domestic PTMEG market keeps in a good condition. To downstream spandex filed, terminal demands remain favorable under busy season which gives a strong support for PTMEG market...

BDO: In October, domestic BDO market performs to be stable and downstream demands do not boost as expected under traditional busy season...

THF: This month, THF market operates steadily. To manufacturers, most domestic PBT units are under shutdown and they have no resumption plans in a short run due to poor downstream demands...

3. Downstream Industries

3.1 Upholstered Furniture: China produced 3,811,981 pieces of upholstered furniture (including mattress and sofa) in September, increasing 4.92% compared with August. The overall outputs from January to September were about 29,983,380 pieces...

3.2. Home Appliances: Household refrigerator: Outputs in China still kept downward in September with outputs at 7837 thousand pieces but the dropping rate slowed to 1.31% compared with 9.8% in August...Household freezer: Outputs finally ended its downtrend ever since March and grew 3.07% to 1760 thousand pieces in September according to PUdaily data...

3.3 Automobile: Automobiles’ production and sale volumes in September keep increasing according to CAAM data. The increasing range for automobiles outputs and sales were at 16%and 19.69%...

3.4 Coatings: Coatings outputs were 1,287,800 tons in September, increasing 8.6% compared with 1,185,400 tons in August and 2.65% compared with 1,254,600 tons in last September...

3.5 PU Resin: According to related statistics, from January to September in 2013, outputs of plastic artificial leather and synthetic leather are 2,491,100tons, up 330,700 tons compared with that of September with 2,160,400 tons...

3.6 Spandex

...

3.7 Building Energy Efficiency

...

3.8 Cold Chain

...

3.9 Containers 

...

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