Procurement Resource’s Post

🇨🇳🛢️ China Edible Oil Weekly Port Stock Update as of 20th Dec 2024: Key insights into the nation's oil reserves and market trends! 📈🌾 Stay informed, stay ahead! 💡🔍 #ChinaOilStock #EdibleOil #MarketTrends #AgriBusiness #EconomicUpdate

The melamine market is expected to usher in new development opportunities. #SunSirs #China #CommodityData #Index #BulkInformation #SpotPrices #Futures #MarketTransaction #Melamine

The price of caustic soda in the Chinese market continued to rise Driven by the recent installation and demand release in Xinjiang, Inner Mongolia and other regions of China, the domestic price of caustic soda in China continues to rise and has repeatedly set new highs for the year. On October 23rd, the latest quotation for solid caustic soda has risen to 3624 yuan/ton, with a daily increase of 2.63% per ton and a cumulative increase of 17% since October. The daily increase of liquid caustic soda is 2.11%, and the latest price has risen to 1028.4 yuan/ton, with a monthly increase of 15%. In terms of futures, the highest price of SH2411 contract this week reached 3028 yuan/ton, with a cumulative increase of over 33% since the low point in late September. Analysis indicates that since October, there has been an increase in caustic soda maintenance enterprises, with major production areas undergoing maintenance of their facilities, resulting in a certain decline in production and providing some support to the market in terms of supply. According to the latest data from Longzhong Information, the weekly production of caustic soda is 775000 tons, a decrease of 17000 tons from the previous value. However, there may still be 6 chlor alkali enterprises undergoing maintenance in the northwest and north China regions. After the capacity utilization rate declines, the estimated weekly production will fall back to 760000 tons. On the demand side, there is a strong demand for caustic soda due to the high production of alumina. In addition, the new energy sector is the highlight of caustic soda consumption this year. With the arrival of the peak season, the production of lithium hydroxide is gradually increasing, which will continue to provide support for the caustic soda market. Overall, the supply and demand structure continues to improve, and the caustic soda market may still be relatively strong. The profitability of leading caustic soda enterprises such as Hubei Yihua and Binhua Group is expected to improve.

Propylene Prices in China Wobbled and Shifted Slightly Downward in China in March 2024 In March 2024, the propylene prices in China experienced significant volatility, starting with a supply-side squeeze due to the shutdown of multiple production units.  Read More: https://lnkd.in/efmnjQPz #propyleneprices #propylenepricesinchina #productionunits #marketreport #pricetrend #productioncostreport #procurementresource

#Antimony prices skyrocket on output cuts in China, raw materials shortage from Russia, Myanmar Prices of antimony metal and antimony trioxide (ATO) have surged worldwide since mid-April due to supply tightness caused by an ongoing shortage of raw materials, as well as production suspensions in China, sources told #Fastmarkets. Supply issues in Russia and Myanmar, reduced production in China due to several incidents in the past months, as well as environmental inspections, have all contributed to an uptrend on antimony prices, according to sources. Multiple market participants said that the “skyrocketing” price increase was “scary,” making it difficult for them to do business, because they no longer knew where the market was. Subscribers can read more on: https://lnkd.in/e4hc3CV7

🔍 𝐀𝐜𝐞𝐭𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚: 𝐀 𝐂𝐥𝐨𝐬𝐞𝐫 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐑𝐞𝐜𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 The acetic acid market in China has been showing signs of a slight decline recently, driven by a supply-demand imbalance and sluggish demand from downstream industries. Here's a quick update on the current market dynamics: 📉 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝𝐬: While prices remained relatively stable, a moderate decline was observed due to low enthusiasm from buyers and moderate trading activity across regions. 💼 𝐒𝐮𝐩𝐩𝐥𝐲 & 𝐃𝐞𝐦𝐚𝐧𝐝: Domestic production remains high, ensuring ample supply, but limited pre-holiday stocking has led to weaker demand, particularly in North China and Shandong. 📊 𝐔𝐩𝐬𝐭𝐫𝐞𝐚𝐦 & 𝐃𝐨𝐰𝐧𝐬𝐭𝐫𝐞𝐚𝐦 𝐄𝐟𝐟𝐞𝐜𝐭𝐬: The methanol market saw fluctuations, with rising crude oil prices initially strengthening it but later weakening as shipping costs increased. On the other hand, the acetic anhydride market showed slight upward movement due to balanced supply and demand. 🔮 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐀𝐡𝐞𝐚𝐝: In the short term, the acetic acid market is expected to remain stable, with pricing trends largely dependent on downstream activity. Close monitoring of the supply-demand dynamics is crucial for understanding future shifts. 𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐛𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐚𝐜𝐞𝐭𝐢𝐜 𝐚𝐜𝐢𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐨𝐧 𝐰𝐞𝐛𝐬𝐢𝐭𝐞: https://lnkd.in/gzUBn-ea #AceticAcid #MarketTrends #ChinaMarket #ChemicalIndustry #SupplyChain #IndustryInsights #PricingTrends #MarketAnalysis #MethanolMarket #AceticAnhydride #PriceFluctuations #SupplyDemandImbalance #ChemicalPricing #MarketUpdate #ChemicalManufacturing #IndustrialEconomics #TradeAnalysis #Stockpiling #DownstreamMarket #PreHolidayStocking #procurement #procurementresource

📈 𝗣𝗿𝗶𝗰𝗲𝘀 𝗼𝗳 𝗮𝗺𝗺𝗼𝗻𝗶𝘂𝗺 𝗽𝗲𝗿𝗿𝗵𝗲𝗻𝗮𝘁𝗲 (𝗔𝗣𝗥), 𝗮 𝗸𝗲𝘆 𝗶𝗻𝘁𝗲𝗿𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗿𝗵𝗲𝗻𝗶𝘂𝗺 𝗽𝗿𝗼𝗱𝘂𝗰𝘁, 𝗵𝗮𝘃𝗲 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗱𝗼𝘂𝗯𝗹𝗲𝗱 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿. Despite the opaque nature of #rhenium trade, Chilean APR export data over the past few years points to a rapid evolution of the market landscape. Between 2022 and 2023, Chile’s exports to China rocketed by 190%, with this trend continuing in 2024. Over the first eight months of 2024, Chile’s exports of APR to China totalled 21.8t, compared to 2.4t during the whole of 2021. What has driven prices so high, and is this set to continue? 💡Project Blue's Research Director Jack Anderson has analysed what has driven the price surge - read more via this link: https://lnkd.in/eYSGYYBP ✨ Project Blue's 𝗥𝗵𝗲𝗻𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 provides in-depth and regularly-updated analysis and market forecasts for supply, demand and prices to 2050 - speak to our experts to learn more: [email protected] #criticalmaterials #energytransition

In May 2024, China's #urea #export_volume was 34,600 tons, amounting to USD 15.36 million, the export volume of #ammonium_sulfate was 1.2693 million tons, amounting to USD 179 million, export volume of #monoammonium_phosphate was 305,200 tons, amounting to USD 154 million, export volume of #diammonium_phosphate was 487,000 tons, amounting to USD 260 million, export volume of #TSP was 7,798 tons, amounting to USD 2.8709 million, export volume of #NPK #compound_fertilizer was 28,100 tons, amounting to USD 9.2995 million. Which countries received China's major #fertilizer_exports in May? Please click for details. #fertilizer_export #Urea #ammonium_sulfate #monoammonium_phosphate #diammonium_phosphate #Triple_Superphosphate #compound_fertilizer #NPK #MAP #DAP #AS #Düngemittel #Harnstoff #Ammoniumsulfat #Mehrnährstoffdünger https://lnkd.in/ecWBC8v3

As the world's largest producer and exporter of citric acid, China's output accounts for 61.5% of the global market. From January to June 2024, China's citric acid export volume was 600,000 tons, a year-on-year increase of 2.3%; the export value was US$413.009 million, a year-on-year decrease of 22.6%. This data shows that although the export volume has increased, the export value has decreased, which may be related to the global economic situation and market competition.

📊 Insight into the Asian Methanol Market The Asian methanol market concluded the week slightly higher, stabilizing after a series of fluctuations. Notably, methanol prices in China saw an increase, influenced by the latest PMI data and crude oil futures transactions. 📈 As reported by the National Bureau of Statistics on October 31st, China's Manufacturing Purchasing Managers' Index for large state-owned companies rose from 49.8 in September to 50.1 in October, reflecting slight growth in the sector. However, it's important to note the growing methanol inventory in Eastern and Southern China, which increased by 6.77% over the week to 1.18 million tons as of October 30th. Platts assessed methanol CFR China at $289 per ton on November 1st, a $3 increase from the previous week. In Taiwan, demand for spot cargoes remained minimal, with buyers focusing on securing term supplies from providers. Market sources also highlighted a particularly weak downstream demand for acetic acid and slight decreases in demand for methyl methacrylate and polymethyl methacrylate. 🔍 As the market navigates these nuances, the slight increase in China's PMI and the varied regional demand patterns suggest a cautious optimism among traders. #MethanolMarket #ChemicalIndustry #MarketTrends #AsianEconomy #CommodityTrading