Most Chemicals Keeps Rising This Week

Most chemicals keeps rising this week,supply still a little tight(Feb 26^th)

1-MELAMINE

GE increased melamine price CNY200/MT,high pressure also increased CNY100/MT today,influenced by the heavy snow last week in China,transportation nearly stopped,Urea factories stocks become full and they need to sell quickly by decreasing price in the weekend,now situation become a little better,melamine still have a lot pending orders,price will be stable recently.

2-ADIPIC ACID

Crude oil down a little,and SINOPEC down CNY150/MT for pure benzene today,now benzene price during CNY8500-8700/MT,Adipic Acid price not change,Hualu exw price CNY10400,Haili exw price CNY10100,Yangmei exw price CNY9950,Hengli chemical exw price CNY9950,factories still deliver the goods one by one according pending orders,local demands also become better now,Adipic Acid price will keep the price for a while.we can customized your own branded bag,welcome to contact us.

3-MALEIC ANHYDRIDE

MA price keep same as end last week,spot goods supply still a little tight,market operating rate not more than 65%,new order shipment will be end March,MA price will be around 915$-920$ FOB level.

4-BENZOIC ACID

Last week Benzoic Acid price rose a lot,factories got a lot orders and now price keep stable,around FOB 970$-980$ for 99%min.