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October,November 2023 Report of Pigment and Its Raw Materials
Time:2023-12-11
So regret that we can’t submit October and November Report on time. This report is the summary for past two months.
Background

1.Oil price, Crude oil price are keeping decrease due to the world bad economy caused low demand although the wars influenced the oil price much. Just finished Opec+ conference showed the oil production will be decreased to keep the oil price, but situation is not clear, it is difficult to keep the oil price at high level if world economy no big change.

2.World economy, All the world are still under shadow of inflation and economy crisis, most people spend the money just for living, no other demand with limited money. No requirements, No cost are the common situation are spreading the earth, all the industries are deeply influenced by it.
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3.China economy, China Government has announced that 10,000 billions RMB National Debt will be issued in the year 2023 and 2024 which will make China economy will be recovery more fast and support world economy recovering.

4.Chemical Industry in China, Started from August and end in early of October,2023, there was the sales peak period due to oil price went up and many factory stock run out , all the purchase thought that should be the bottom of the price, so many company bought some stock during August to October . But some factory has started stopping the production to protect the price at present, new stock volume are going up day after day.
Then let us focus on pigment industry of China.
1. DCB, Present DCB price is decreasing a lot compared with October price due to ONCB price went down.
2. AAA series products, same situation as DCB due to raw material Aniline and Acetic acid price is down.
3. Naphthalene series products: Price are stable against yellow raw material but due to the low demand, some products price is a little down but not so much .
4. Carbazole, price is going up now due to the anthracene price increasing caused by production stop.
5. Other raw materials: Price start going down after last 3 months increased.
Conclusions: Now pigment price are going down except Violet 23, buy volume what you need, not buy stock, and the coming Chinese New Year holidays will be helpful for keeping the pigment price.
All the information just for your reference.