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April 2023 Report of Pigment and its Raw Materials
Time：2023-05-09
Background
1. US dollars interest rate: Going up again and the world economic crisis is more serous due to many countries debt is too high.
2. Chinaplas 2022: After one years delay, Chinaplas 2022 held in Shenzhen during April 20-24, it is big enough to be full of 20 exhibition halls, all the exhibition were crowded say total 248,222 professional visitors.
3. World and China Market: From end of March, the world and China market are bad, no demand from the client, the economic engine lost power for running.
Then let us talk about pigment and its raw materials:
1. DCB: Price decreased due to no demand , so ONCB have to be sold with lost price.
2. AAA series products : Although Aniline and Acetic Acid price can be said stable during April, but AAA series products price went down a little due to the same reason, no demand. But compared with other raw materials, AAA series products price was stable.
3. Naphthalene series products: Same situation, price decreased due to no demand, even sold with lost price.
4. Other raw materials: Except Sodium Molybdate , Sodium Tungstate, most pigment intermediate price were went down due to crazy economic crisis , no demand at all.
Conclusions: If the situations are kept as present , the pigment price will go down a little accordingly, not so much due to some products price has lost already ,then production reduction, production stop, job cuts, shut down finally, then the new price up round will be started. So present suggestion is to buy quantity your production needed, not buying stock. When price start going up, you will be got information from us.
