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Global Poly Vinyl Chloride sentiment shivers on growing demand concerns

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Poly Vinyl Chloride sentiment has recently showcased mixed sentiments across global markets due to growing demand amid many factors that weigh on consumption in the month of April. The world’s largest PVC producer, China, has been partly experiencing pressure as the resurgence of Covid has hit demand for Poly Vinyl Chloride . Additionally, import offers in Turkey and Egypt markets have already seen a downward trend for the product. China’s domestic PVC market reflected weak demand conditions amid the extended lockdowns in Shanghai as prices softened this week. Manufacturers indulged in procuring stable offtakes in the domestic market as delays in export activity due to a shortage of containers for shipment led to a reduction in prices of several commodities, such as PVC. The activity was limited as players had put up a wait-and-see attitude before the announcement next week. The European Spot PVC market showcased a high price trend in comparison to other regions amid ongoing geopolit...
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Crude Market Oscillating between bearish and bullish sentiments

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Considering a well-developed relationship with volatility, the prices of Crude are on the rise again after rebounding from the lowest levels in late February. Oil prices have seen yet another wave of increased instability as the Russia-Ukraine situation enters its third month. Russian troops have intensified their attack on eastern Ukraine's Donbas region, prompting the Group of Seven nations' finance ministers and Central Bankers to declare that they aim to isolate Moscow from the global economy for its unjustified "war of aggression." The crisis is expected to devolve into a war of attrition, with Russian officials hoping for the defenders to surrender after running out of food or ammunition while the attention switches to the Donbas. Trying to interpret the oil markets at this moment, however, is like looking into a clairvoyance. The European Union is still considering an embargo on Russian oil, but despite the lack of formal agreement, a number of consumers appea...
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Epichlorohydrin prices in the Asia Pacific softens due to diffused feedstock cost pressure

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The second week of April saw prices of Propylene in the Asia Pacific region dip across most countries on the back of an ease-up in the prices of crude oil. Epichlorohydrin prices in the Asia Pacific region have been on the rise throughout the month of March before seeing an eventual dip in the last week of March as prices of upstream propylene eased up by the third week of March. Downstream demand from the synthetic glycerine and Epoxy resin industries has been steady through March. Chinese ECH prices have seen a dip during the week ending 15 th of April, making short gains in spot trade in the previous week. Thailand too had seen a similar trend with Aditya Birla Chemicals revising their offers upward for the month of April in expectation of higher feedstock prices as was the case in the last week of March. Spot prices, however did not reflect the cost-push by producers as prices of ECH started to fall in the third week of April as the crude oil market in the prior two weeks did n...
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The Global Fatty Acid market leaning down in April

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The global Fatty Acid market , which witnessed its record height in the previous months, has been rallying downwards since early April. Despite the strong feedstock Palm Oil market, this downhill price trajectory caught the surfactant players off guard. The demand for downstream cleaning agents and cosmetics has remained relatively low worldwide. Fatty Acid prices are now sliding, leaving no space for negotiation in the overseas market. Accordingly, trade and shipping volumes are continuing to decline weekly. The persistent energy crisis in North America worsened with the unprecedented heavy snowstorm. Eighteen states are under impact by blizzards, thunderstorms, and tornadoes. The region's power outages and transportation constraints have affected both the manufacturers and consumers. The supply side's positive support also dwindled when most facilities were shut as the storm knocked out power.   The third-largest exporter of Fatty Acids, China, has a very different scena...
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Acrylic Acid market rebounds in South Asia

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Acrylic acid price has been facing frequent hiccups in the global market for a long time under several market fundamentals that have been changing the overall market dynamics of the product. As per the ChemAnalyst analysis, the ongoing Russia Ukraine war has affected the global demand-supply chain for several commodities, including Acrylic Acid. Different regions have been performing differently, as the market fundamentals vary on various grounds. Talking about Asia, China has been under lockdown restrictions since the mid of March, while the battle with another wave of the pandemic is still on. Being a major producer in Asia, China’s Acrylic Acid market tumbled effectively in March 2022, while other neighbouring nations started facing the threat of scarcity. As per the data, a considerable increment of more than 7% was observed during the first three weeks of March, which later kept on tumbling till the end of the month, as pandemic restrictions in the country were getting worse day ...
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Prices Of Isopropyl Alcohol rises backed by High Demand Globally

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Rising Upstream Crude prices and their derivatives, the ongoing geopolitical tension disrupting the trade, and the increasing demand from the end-use industries has resulted in a rise in the Isopropyl Alcohol prices in global market . China is the major exporter of Isopropyl Alcohol in the global market. The disruption caused on the Chinese ports due to the resurgence of COVID has led to a delay in the trade, which resulted in upward trajectory movement in the Isopropyl Alcohol market. Moreover, the Russia-Ukraine conflict have caused a spike in crude and natural gas costs, which has impacted raw materials like acetone and propylene, further affecting Isopropyl Alcohol values. According to the ChemAnalyst data, the price of Isopropyl Alcohol in China settled at USD 1155 per MT on week ending 8 th April. Isopropyl Alcohol with 70% concentration is highly used in the production of common alcohol swabs and wipes. Also, it is widely used in downstream cosmetics, paints and sanitizer whi...
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Firmness in the price of Acrylamide amid strong demand for wastewater treatment chemicals

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Strong demand for Wastewater treatment chemicals resulted in constant firmness in the prices of Acrylamide in the global market. Growing awareness over water management and treatment and increasing stress by the governing bodies has made water treatment a potential growth segment for Acrylamide prices of global market . Acrylamide is industrially produced by the hydration of acrylonitrile. Acrylamide is widely used in water treatment as its derivative is polyacrylamides which is majorly used in Water treatment as it has characteristics of varying water solubility. The bulk production and consumption of Acrylamide is concentrated in mainland China, the USA, and Germany. In China, production activity was halted due to the implementation of Zero Covid policy amidst pandemic Covid 19. Under zero covid policy, strict restrictions have been imposed on production activity in the country along with port congestion at several container gateway like Ningbo. Meanwhile, the prices are observed t...
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