universal resin for adjacent benzene 310, double ring (DC) hand lay resin 290, artificial stone/quartz stone resin 290, extrusion resin 320, winding structure layer resin 310, winding interlayer benzene lining resin 290, NPG molding resin 310, DPG molding resin 330.

The raw material market continues to rise significantly, and the resin market price continues to rise by 200-300 yuan.

Last week, the raw material market continued to rise significantly due to the dual impact of the continuous rise in international oil prices and equipment failures in production factories. Especially on December 23, a fire broke out in the olefin plant of a state-owned enterprise in Shandong, affecting the local production of a total of 700000 tons of styrene, thereby driving up the price of styrene significantly. Under the current situation, the impact of the Red Sea outage on international oil prices is increasingly severe, with frequent equipment failures and safety accidents in large domestic chemical plants, leading to a phased increase in supply chain costs and a phased decrease in supply capacity, driving up raw material prices. The current situation of the UPR industry chain is that the supply and demand in the southern region are relatively stable, the construction situation in the Jiangsu, Zhejiang, and Shanghai regions is good, while the northern region is affected by severe cold weather and environmental inspections, and most of UPR's downstream customers are in a state of shutdown. Due to the extremely tight liquidity in the terminal market this year, the fund recovery situation of most UPR downstream factories is not ideal. More and more downstream factories are planning to stop production and take annual leave after New Year's Day. Therefore, the overall market demand will significantly decrease from next week.

This week is the last week of 2023, thank you all for your support and attention over the past year! Wishing everyone a happy new year!