New Year Most Chemicals Rose Today

Happy Chinese New Year,everyone back to work this week,most chemicals rose today(Feb 19^th):

1-MELAMINE

Most melamine factories increased price CNY200/MT to CNY7200/MT EXW factory,USD925 FOB QINGDAO,main reason is that the material Urea rise because of agriculture demands become bigger from spring,and industry demands also increase step by step,most melamine factories have more than one month pending orders,so market price may keeps rising a little.

2-ADIPIC ACID

Sinopec rose material pure benzene CNY200 yesterday,and keeps rising CNY150 today in China,Adipic Acid price rose today,Hualu exw price CNY10400,Haili exw price CNY10100,Yangmei exw price CNY9900,Hengli chemical exw price CNY9900,spot goods supply are tight,market price will rise.

3-MALEIC ACID

ZIBO QIXIANG TENGDA factory also increased price today,CNY200/MT,their operating rate at about 75%,PUYANG SHENGYUAN factory run it’s old line now,new line under maintenance,will restart soon,main price are:920$ FOB.overseas demands are good now,new orders shipment all in March.for overseas supply,Korea factory YONGSAN lower their production,and NANYA from Taiwan stopped for a long time,supply still tight.meanwhile China factories all meet cost problem,market price still under MA cost,factories want to rise their price in this situation.

4-BENZOIC ACID 

BENZOIC ACID price rise CNY200-300/MT because of the cost increased,USD990 FOB now,will keeps increasing a little near future.