ChemAnalyst

China’s clamor for blue skies in order to have more aesthetic appeal for the impending Winter Olympics have created clouds of uncertainty over production rates in heavy industry enterprises. This has resulted in market speculations around material availability of several key materials in the upcoming quarter. In lieu of that, prices of Benzaldehyde are expected to climb in coming months.    Winter Olympics 2022 are scheduled in early February next year. Aware of the dire environmental situation across China, authorities have been highly proactive. Ministry of Environmental protection has noted some critical areas and has been taking some stringent steps in the concerned areas. As per latest information, North China, Huaibei, and West China are the most polluted areas and need considerable transformation. There has been consistent news around preemptive operating rate cuts and plant shutdowns in heavy industries to cut emission rates and enhance overall watching experience a...

After remaining bullish for nearly two months in a row, Yellow Phosphorous prices are heading towards stability in Vietnam. FOB Haiphong Yellow Phosphorous (99.9% ) prices are currently hovering around $7,500 per MT for the December month. As per market players there is somewhat stagnation in the market prices from the last two months, however there are anticipations that the product pricing may decline in the upcoming months. The Vietnamese Yellow Phosphorous market has been witnessing bright prospects since Chinese authorities impended production cuts and strict power curtailment measures forced the country’s phosphorus production to reduce to half compared to the last year. In November, the price of Yellow Phosphorus in Vietnam jumped by about 70 per cent since the beginning of this year. Record high prices have been also supported by skyrocketing Chinese coal prices and tight product inventories reported by the Asian buyers. Vietnam is the world's largest exporter of phosp...