Demands Recover Step by Step

Demands recover step by step this week,different chemicals up and down(Mar 11^th)

1-MELAMINE

LP factories GE/JJ/MEIFENG/JIANFENG down their price this week,HP factories also follow it,XLX and DAHUA decreased their price to USD910-920 FOB.urea still weak currently,LP melamine mainly CNY6700 EXW factory,HP melamine price at CNY7000-7100/MT,but most melamine factories still have a lot pending orders for March and April shipment,so they keep their export price above CNY6900/MT,keep eyes on the price of urea and the operating rate of melamine in future.

2-ADIPIC ACID

Crude oil still weak,but SINOPEC increased CNY200/MT today for Benzene,to CNY8550/MT EXW factory.Adipic Acid price keeps stable,some higher price down this week,Hualu price at CNY9900/MT EXW,YANGMEI CNY9500 EXW,HENGLI CNY9900 EXW.according material price,AA price near bottom now.we can customized your own branded bag for AA business,welcome to contact us.

3-MALEIC ANHYDRIDE

MA market price increasing this week,Tengda factory keeps stable,Shengyuan factory increased their price this week,but supply still very tight,new orders shipment will be 2^nd half of April,MA price at 900-915$ FOB level.

4-BENZOIC ACID

Material Toluene keeps increasing CNY100/mt today,Benzoic Acid market price rose CNY100/MT,FOB price at 980$-990$ for 99%min.