Sorry for not sent report of June,July 2023. In fact, June and July market were the same as May 2023, very very low demand made the situation more worse and some products had to  sell  with lost price. Now there are some changing of the market. Let us talk about  it together

 

1. World Economy Crisis and Inflation : Economy crisis is spreading over all the country and many country are facing high inflation and low consumption demand. And some experts forecast next year will be more worse .

2.Crude Oil: With supplying by OPAC+ reducing and stock decrease , crude oil price is going up a lot and maybe will keep high price.

3.China Market: Due to the worse economy situation , many factory had to stop their production capacity and try to lower stock , and nobody would like to keep so many raw material stock , so after stock finished, new production cost should be higher due to the many raw materials price going up. With lost during past several months, nobody would like to continue the lost price any more.

 

Specific to Pigment industries, the following information will be reference for you.

 

1. DCB: raw material ONCB price went up a little, and DCP factory offer is higher than June and July , some pigment factory had placed some order during price bottom , now DCB price is sure to go up, but very difficult to say how much ,

 

2. AAA series products: Aniline and Acetic acid price are going up accordingly as crude oil price went up and production less, now this series products price increased a little , not so much.

 

3: Naphthalene series products: Due to Beta Naphthol sold with lost price for several month, as stock less and its raw materials price went up, Beta Naphthol price offer start going up, although customer factory would not like to accept higher price, have to talking with supplier to find the balance price to accept by both side.

 

4. Other raw materials: Most raw materials are facing the same problem, stock is less and less, their raw material price are going up. Have to find the balance point with customer.