TAINUO CHEMICAL MARKET NEWS,(APR 16th)

1-MELAMINE:

Urea export now reopen from Apr 12-Aug 31 in China,which make spot market price rise sharply,urea price rose more than 15$/mt,means melamine cost increased 45$/mt,urea price will keeps increasing for a while. melamine HP XLX factory increase CNY250/MT this week,Shuntian factory stopped for electric problem and will last 3-5days,Huaqiang stop,JJ and FENGXI line recover this week.

2-ADIPIC ACID:

Spot market Benzene price decreased. Adipic Acid factories have meeting last week wanted to increase market price,but didn’t work very well,price rose a little compare last week:YANGMEI CNY9500 EXW,HENGLI CNY9500 EXW.1195$ FOB QINGDAO.

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3-MALEIC ANHYDRIDE:

Market supply still tight for MA,new line from Wanhua chemical do not have qualified output till now,Butane price keeps increasing,Tengda rose CNY300/MT Monday,shipment will be end May or June,price at 930$-950 FOB,25kg bag without pallet.

4-BENZOIC ACID:

Toluene rose CNY100-180/MT this week,Benzoic Acid cost increased and price come to 1015$ FOB now.