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May 2023 Report of Pigment and Its Raw Materials
Time:2023-05-30
Time is going so fast and now it is end of May 2023, I will report the pigment information as following.
Background
1. CNY rate: As US dollars is going strong, China CNY rate is becoming weak and it can benefit China export.
2. China Chemical market: More than 40% prime chemical products price are going down which influence the operating rate and factory enthusiasm for production much. And as summer is coming, many factory start stopping for recondition of the production line and reduce the capacity.
3. Safety Production Inspection: From May 2023, China Ministry of Emergency Management start inspect safety production of chemical industry especially products with Nitration , many factory need suspend production for rectification , but it is lucky that many products are full of stock.
Then let us talk about pigment and its raw materials .
1. DCB: Some raw materials factory of ONCB stopped production to keep the ONCB price, so now ONCB price is a little down , not so much. DCB price is a little down according to raw material and market demand.
2. AAA series products: Aniline and Acetic acid price are being kept stable in May, There is no power to drive AAA series products going down except low demand. AAA series products price will be stable or a little decrease due to requirements so low.
3. Naphthalene series products: Crude Naphthalene price is going up due to coal tar price increased, but it is difficult for Naphthalene series products to go up although their sales price even lower than the cost. The factory will stop production to protect the price and margins. Difficult to decrease with much more lost.
4. Other raw materials : Most factory has enough stock and start stoping production to protect price. No reason to sell with lost price.
Conclusions: Now China pigment factory have to sell pigment with lost price due to many high raw materials cost stocks , pigment US dollar price will be a little down due to CNY rate becoming weak, And now pigment raw material factory and pigment factory start stopping production to protect price, and there is no power to drive prime chemical products price going down, so it is difficult for pigment to decrease the price a lot. But still suggest to buy your production needed, not buying stock, there will be no shortage of pigment in the market.