Paint & Coating News

The price of acetic anhydride stopped falling and soared. As of March 11, the price of acetic anhydride was 8112.50 CNY/ton, an increase of 20.63% from the price of acetic anhydride on March 4

• energy crisis
• Acetic anhydride

On the evening of March 9, Satellite Chemical released the latest progress of the projects under construction of its subsidiary Lianyungang Petrochemical.

• chemical price

Brent crude oil first month futures on the Intercontinental Exchange in London fell a net $5.44, or 4.61%; settling at an average of $116.87 per barrel, $7.37 higher than the previous week.

• crude oil
• petroleum
• chemical raw material

In 2021, the prices of R22, R134a, R32, R125 and R410A, fluorochemical refrigerants related to home appliances, rose across the board.

• R125
• fluro chemical
• Petrochemical

In 2020, global production capacity for biobased plastics amounted to 2.111 million tonnes, of which 1.227 million tonnes were biodegradable and 884,000 tonnes were non-biodegradable. By the end of 2021, Asia will have a total of 49.9%.

• chemical raw material
• Bioplastics

Chen Guoqiang, a professor at Tsinghua University's School of Life Sciences, said relevant government departments should introduce corresponding policies to encourage the development of bio-based materials.

• bio base materials
• Chemical Industry
• Low Carbon

You haven't heard of carbon peaking and carbon neutrality, have you? China's 14th Five-Year Plan period is a critical period for accelerating the energy transition, improving energy security and achieving peak carbon emissions.

• bio based PET
• carbon neutral
• Raw Materials

Recently, the international titanium dioxide giant Tenor issued an announcement saying that due to force majeure factors, the production of titanium dioxide is temporarily suspended

• chemical giants
• price soar

The China Paint Association pointed out that due to the rapid rise of raw material prices, most of the enterprises in China's paint industry have been in a loss-making situation.

• chemical raw material
• chemical enterprise
• coating technology

On March 9, the domestic PTA market rose sharply. The average market price in East China was 6,555 CNY/ton, an increase of 3.49% over the previous day and a year-on-year increase of 42.33%.

• PTA
• crude oil

Xinjiang Markor Chemical Co.Ltd. is the largest BDO producer in China with 260,000 tons of capacity and 100,000 tons of capacity still under construction, which is expected to be put into operation in October 2022.

• chemical project
• Xinjiang
• Chemical Industry

Supported by favorable geopolitical factors, international crude oil rose sharply last week, and the high price broke through 110 USD/barrel to continue the upward movement.

• Epoxy Resin
• resin price
• chemical price

Recently, BASF, Dow, DuPont, Henkel, Arkema, LG Chem and other global chemical giants have announced their 2021 annual financial reports one after another, and many companies have achieved new highs in performance.

• market trends
• Chemical Industry

International crude oil easily broke through the $110/barrel mark this week, and the rise has not stopped, becoming the biggest variable affecting the chemical industry at present.

• epoxy resin

PPG recently announced that Rebecca Liebert, PPG Executive Vice President, has been elected to the National Academy of Engineering (NAE).

• PPG
• PPG news
• engineering plastics

Of course, in addition to the impact of rising raw material prices on performance, the thunderstorm of real estate companies has also brought serious adverse effects to the paint companies.

• Painting&Coating
• painting industry
• price soar

This week (February 28-March 4), the domestic PTA market rose first and then fell. As of March 4, the average market price in East China was 6,097 CNY/ton, a weekly increase of 7.79% and a year-on-year increase of 33.71%.

• crude oil
• PTA

According to statistics, the global market size of foaming materials is about $93.9 billion, growing at a rate of 4%-5% per year, and it is estimated that by 2026, the global market size of foaming materials is expected to grow to $118.9 billion.

• foam products
• chemical raw material

As a low-carbon, oxygenated fuel, methanol has the characteristics of efficient combustion, clean emission and renewable green properties, and is liquid at room temperature and pressure.

• new energy
• Cars
• Methanol

This creates the first stretch film suitable for use in potentially explosive environments. The newly developed film avoids electrostatic sparks.

• BASF
• new material
• TPU