Himfr Analyzes Chemical Product Price Trends

Jan 26, 2010, 10:00 ET from Himfr.com

BEIJING, Jan. 26 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes chemical product price trends.

Salt: This week, the domestic salt market prices have risen, and it is expected that there is still further room for increases.

Caustic Soda: The northern region has this week seen caustic soda prices rise, and it is expected that as the coal and electricity supply situation eases, caustic soda prices will begin to stabilize.

Soda: This week soda prices keep rising, mainly because of glass, textile and other industries stocking for the end of the Chinese year, hence, the market supply is tight. It is expected that in the short-term prices will remain high.

Methanol: The domestic methanol market this week was largely stable, but has had a slight shock. With sluggish demand for downstream products, it is expected the market will remain relatively stable, as the market will remain on a relatively low ebb.

Ethylene Glycol: After the early rise this week, ethylene glycol prices saw a fall, and the situation of tight supply is a relief. It is expected that there will be slight adjustments in the short-term.

Phosphate Rock: This week domestic market phosphate rock prices declined, as before the Spring Festival the demand is not high.

Phosphorus: Phosphorus saw a small rise this week, and overall continued to show rising trends, while it is expected to remain stable before the holiday.

Phosphoric Acid: The phosphoric acid market was stable this week, despite costs rising, while this also forced to lower the operating rate, it is expected that phosphoric acid prices will remain relatively stable.

Polyethylene (PE): The polyethylene market, in response to crude oil prices and the approaching Spring Festival, will see most of the post- processing enterprises will gradually reduce the operating rate. It is expected that the pre-holiday market demand will be reduced, and the market will become stable.

Polypropylene (PP): This week, as crude oil prices continued to drop, in the short-term polypropylene prices rose too fast, and the market gradually traded weakly, so it facing adjustment pressures over the short-term. It is expected that PP will continue to be down next week.

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