CHEMICAL MARKET NEWS THIS WEEK

CHEMICAL MARKET NEWS THIS WEEK,(APR 9^th)

1-MELAMINE

GE down CNY200/MT Monday,most melamine factories keeps stable this week till now,urea started to increasing from mid last week because agriculture demands improved,and urea price will keeps rising for a while,so melamine may keep stable this week,everyone need to know that supply still tight,new shipment all come to May even June from now on.

2-ADIPIC ACID

Crude oil have increased a lot from last few weeks, Benzene price rose in spot market. Adipic Acid factories also increased CNY100/MT,Hualu factory have some production problem,YANGMEI CNY9400 EXW,HENGLI CNY9400 EXW.

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3-MALEIC ANHYDRIDE

Market operating rate a little lower than last week,make supply even tight,Tengda rose CNY100/MT Monday,shipment will be May and June,price at 920$ FOB,25kg bag without pallet.

4-BENZOIC ACID

Toluene rose also because of high price of crude oil,Benzoic Acid cost increased and price come to 1010$ FOB now.