China Xiamen Juguangli Import & Export Co., Ltd Company News

According to the latest developments in raw rubber, holders in East China are quoting US$4.46-4.61/KG, and suppliers in South China are quoting RMB 4.15/KG, and prices continue to stabilize. The silicone products factory worked overtime to produce, and the orders were sufficient.

According to data published by Euromonitor International, the global cosmetics market will grow at a compound annual growth rate of 5.2% from 2019 to 2025, and the global cosmetics market will reach $69 billion (about RMB 448.4 billion) by 2025.   The first is that consumers are becoming more environmentally conscious,' said Dow Consumer Solutions' Asia Pacific head of market strategy. 'This is reflected in the preference for safer and more environmentally friendly products.   Secondly, consumers pay more attention to the "maintenance" function that products can provide, and are more willing to invest in skin care and skin care products, and their demands for products of this kind are also more refined.In addition, due to the long-term social isolation at home, the need for complex makeup in normal times is weakened, and consumers prefer beauty products with streamlined procedures.   The person in charge of the analysis believes that after a long time of isolation, people are more eager to go outside to embrace the nature, but also more concerned about the impact of life and consumption around the earth home."Novel Coronavirus makes people care more about their own health and the health of their families. They want to use safer and more reassuring products, so it is critical to provide safe and green formulations that also meet the functionality."   The person in charge at the same time also put forward, according to dow's market observation data, the outbreak period, colour makeup demand temporarily suppressed, but on the other hand "we observed that consumers demand for hair product had improved from quantity to quality, so the dow also cooperate launched can help brand diversified custom hair products new product"   In addition, the perfume and fragrance market has grown rapidly in recent years, especially among the younger generation of consumers.According to the person in charge, the current stage of Dow's development of safe and environmentally friendly low-odor solvent products, for the use of perfume and fragrance consumers escort."We are also developing more environmentally friendly natural green solvents to further enhance the environmental protection and functionality of fragrance products."   "The demand for beauty products is going 'back to basics', and Dow's global team is developing and customizing new formulations every year to meet new market needs and regional consumers.""Said the person in charge.  

According to news on March 21, according to data collected and compiled by the American Chemistry Council (ACC), global chemical production increased by 1.4% in January, slightly lower than in December, continuing the global recovery that began in June.   In January, the output of chemical products increased in all regions. Overall global production increased by 9.5% year-on-year on a 3-month moving average. In January, global production capacity increased by 0.1%, a year-on-year increase of 2.0%. With the increase in production, the global chemical industry's capacity utilization rate rose by 1.1 percentage points to 87.5%. This is much higher than the level in January last year and also higher than the long-term average of 86.3% (1987-2019). In the chemical industry sector, the results in January were positive, with gains in all sectors. Taking into account the comparison of the same period last year, the output of all departments has increased.   According to MRC data, the U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.8% in January of this year after rising 1.4% and 1.1% in December and November last year. In January, chemical production increased in almost all regions. The Gulf Coast region saw the biggest gains, while the Midwest, Southeast, Ohio Valley, and Northeast regions saw smaller gains. Production was flat in the mid-Atlantic region, while production on the west coast declined slightly.   As previously notified by MRC, high-density polyethylene (LDPE) sales in the United States and Canada in January 2021 increased by 3.8% compared to the same period last year. Over the same period, LDPE production increased by 5.2%. Exports fell by 0.7%, but total sales increased by 2.3%.   At the same time, high-density polyethylene (HDPE) sales in the United States and Canada in January 2021 increased by 5% year-on-year. During the same period, HDPE production increased by 1%. With the continuous growth of US manufacturing activities, the demand for durable consumer goods has been strong since the second half of 2020, and domestic demand for HDPE has increased in recent months.  

Financial media news: Due to the tight supply, chips and core raw materials have also risen, and some of them can hardly get the goods even if the price increases. According to a Chinese customs official, the number of integrated circuits imported at Kunshan port alone exceeded 10 billion yuan from January to February this year. While the quantity was basically the same as last year, the amount of imports increased by 20%, and the price of chips remained unchanged. On the rise. Silicone products related to chips are also rising.

Last Friday, Eastern Time, Fed Chairman Powell published a column in the Wall Street Journal, continuing to speak out to stabilize the hearts of the people, promising that the Fed will "fully" support the economic recovery, as long as the economy needs it, the Fed will continue to provide support. Although Powell has noticed a substantial improvement in the economy, the Fed will maintain its accommodative policy because "the recovery is far from complete."   The Federal Reserve announced on Friday that the supplementary leverage ratio (SLR) relief measures will expire on March 31 and will not be extended. Federal Reserve officials are optimistic that they do not believe that commercial banks need to sell U.S. debt to meet reserve requirements. With the current reserves of approximately US$1 trillion, banks only need to make fine adjustments.   It is understood that Powell will continue to make public appearances this week to continue to appease market sentiment.

Recently, Wacker Chemie announced its 2020 financial data. In 2020, sales of 4.69 billion euros were achieved, a 5% decrease from the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) was 666.3 million euros, down 15% year-on-year, and the EBITDA margin was 14.2%. Earnings before interest and taxes (EBIT) was 262.8 million euros, and the EBIT margin was 5.6%. The full-year profit for 2020 is 202.3 million euros.

According to monitoring data, in 2020, the global organic silicon production capacity will exceed 3 million tons/year (in terms of siloxane, the same below), an increase of 155,000 tons/year year-on-year, and all new production capacity in 2020 will be concentrated in China.   China's organic silicon production capacity expansion plans are very aggressive in the future. If all the new projects are successfully completed and put into operation, the global silicone production capacity will increase by more than 60% to 4.915 million tons/year, while China's silicone production capacity will increase by nearly 130% to 3.399 million tons/year. By then, China's organic silicon production capacity will increase from 50% increased to nearly 70%. However, there is a big uncertainty as to whether the newly planned projects can be completed and put into production. According to industry professionals, the capacity of the above-mentioned projects that can be completed and put into production is about 650,000 tons/year. It is estimated that in 2023, the global organic silicon production capacity will reach 3.651 million tons/year, and China's organic silicon production capacity will reach 2.289 million tons/year.   Silicone is widely used in almost all industrial fields and high-tech fields such as construction, textiles, electronics, transportation, aerospace, new energy, medical, daily chemicals and personal care. It is an indispensable material in modern industry and daily life , Therefore, the growth of organic silicon demand and GDP growth (economic growth) are highly correlated. According to historical data analysis, the growth rate of global organic silicon demand is generally 2% to 3% higher than the GDP growth rate over the same period.   It is expected that the global organic silicon demand will continue to grow rapidly in the future, and the main driving factors include: global economic recovery. With the expansion of the scope of new crown vaccination, the impact of the epidemic on the world will gradually fade in the future, and a greater recovery of the global economy will be a high probability event, which will drive the growth of silicone demand.

Global Silicone Network News: On March 10, 2021, Specialty Chemicals Group LANXESS announced that it is raising the price of its engineering plastics immediately or subject to the contract. The adjustment affects Europe, the Middle East and Africa. Regarding the reasons for the price adjustment, LANXESS stated that the cost of raw materials, logistics and energy has risen sharply again, and most of them have exceeded the level before the outbreak of the Covid 19 pandemic. This increase is inevitable.

Global Silicone Network News: In the first two months of 2021, China’s total import and export value was 5.44 trillion yuan, an increase of 32.2% over the same period last year (the same below), of which the total value in February was 2.42 trillion yuan, an increase of 57%. The first foreign trade report card of this year issued by the General Administration of Customs on March 7 achieved a "good start". It not only showed a strong recovery trend of "off-season but not weak", but also opened up a new situation in my country's foreign trade development with a series of new bright spots. These new highlights have become the confidence and power point for stabilizing foreign trade this year. The author has noticed that orders from thousands of export-oriented silicone manufacturers have continued to grow steadily.

From March 1, 2020 to February 28, 2021, China exported approximately 43.85 billion masks, 17,585 ventilators, approximately 1.19 billion pairs of surgical gloves, approximately 950 million sets of protective clothing, and approximately 54.03 million pairs of goggles to the United States. Among them, the export of silicone anti-epidemic products increased significantly.