Global Polyurethane Trade Peaks at $7.8B, Rebounding from 2020’s Drop
Mar 22, 2022
Global polyurethane trade reached $7.8B in 2021, returning to the pre-pandemic level. China, Germany and Vietnam comprise 22% of total purchases. The average polyurethane import price soared 9.2% to $3,864 per ton in 2021.
EU Acetone Market: Prices Hit Record $1,103 Per Ton, Surging 52% in 2021
Feb 24, 2022
The acetone import price in the EU stood at $1,103 per ton in 2021, rising by 52% against the previous year. Despite this, the volume of acetone imported in the EU peaked at 910K tons, reaching the highest level ever.
Saudi Arabia Emerges as the Third-Largest Polymethyl Methacrylate Exporter Worldwide
Feb 18, 2022
Saudi Arabia sharply ramped up sales abroad and became the third-largest supplier of polymethyl methacrylate worldwide. From 2017 to 2020, polymethyl methacrylate exports from Saudi Arabia soared from 2.9K to 90K tons. In value terms, supplies increased from $7.3M to $147M.
Brazil's Monoammonium Phosphate Imports Soar to $1.5B
Feb 17, 2022
In 2020, the amount of monoammonium phosphate (MAP) imported into Brazil skyrocketed to 4.8M tons, surging by 22% against the year before. In value terms, MAP purchases rose remarkably from $1.4B to $1.5B.
South Korea Becomes Fastest-Growing Sorbitol Importer in Past Decade
Feb 15, 2022
South Korea became the fastest-growing sorbitol importer in the past decade. From 2010 to 2020, supplies to South Korea rose from $3.1M to $19.2M, while in physical terms, they expanded from 3.4K to 17K tons.
Global Potash Production See Robust Growth with Rising Output in Belarus, Russia and Canada
Feb 14, 2022
Global potash production increased by 2.3% y/y to 46M tons of potassium oxide (K2O) equivalent in 2021. With the steady expansion of mining facilities in Russia, Canada and Belarus, the world’s potash output is forecast to pick up a further 11% by 2025.
Average Cyclic Hydrocarbon Export Price Reach Lowest Level in Decade
Feb 11, 2022
From 2010 to 2020, the average export price for cyclic hydrocarbons dropped nearly twofold, from $1,119 per ton to $615 per ton. That was the lowest level over the past decade.
U.S. Biodiesel Market: Price Rally to Continue in 2022, Making Biofuel Uncompetitive
Feb 2, 2022
Biodiesel prices in the U.S. soared by 59% y/y last year, making biofuel less competitive compared to fossil fuels. The average FOB price for American biodiesel B100 was $5.58 per gallon in November 2021, while the on-highway average price for conventional diesel was $3.74 per gallon.
Boosting Investments in Eco Battery Industry to Drive Global Bromine Market
Jan 12, 2022
Rapidly expanding manufacturing of zinc-bromine batteries, strong eco-friendly competitors for lithium counterparts, is to stimulate the growth of the global bromine market. Compared to lithium analogues, zinc-bromine batteries are more cost-effective and less flammable because they can function at high temperatures. Developers and producers of zinc-bromine battery components are actively fundraising last year thanks to the high market potential. Gelion launched an IPO on the London Stock Exchange, while Neogen Chemicals’ stocks more than doubled in 2021.
South Korea's Benzene Exports to Hit Record $2.2B With Rising Supplies to China and Japan
Dec 22, 2021
From January-October 2021, South Korea supplied abroad 2.0M tons of benzene, which was 10% more than in the same period a year earlier. Due to rising prices, exports in value terms spiked more than twofold, reaching $1.8B. Most of the increment was provided by expanded supplies to China and Japan. By the end of this year, the total value of benzene exported from Korea could exceed $2.2B, setting a new record.
Rising Demand for Water Purification Drives U.S. Activated Carbon Trade
Dec 7, 2021
From January to September 2021, the U.S. activated carbon imports amounted to $166.3M, 13.2% more than in the same period a year earlier. In 2020 imports totalled $194M (-15.3% y-o-y), declining for the first time over the last three years due to lockdowns and supply chain disruptions. The activated carbon supplies will grow gradually over the next decade due to the increased need for water filtration, incl. wastewater treatment and capturing greenhouse emissions.
U.S. Ethanol Market: Prices are Soaring, Bioethanol Displaces Synthetic Alcohol
Dec 6, 2021
In November 2021, U.S. ethanol prices hit over $3.2 per gallon, doubling against the same period in 2020. Despite this, the last factory in the U.S. producing synthetic ethanol announced ceasing operations because it cannot compete with bioethanol in terms of costs. Government investments worth $26M will drive U.S. biofuel infrastructure development. A conflict between biofuel producers and the Environmental Protection Agency is coming to a head because the agency delayed issuing the 2022 Renewable Volume Obligation (RVO). This document was expected to propel the bioethanol market by elevating the standards for the biofuel percentage used in blends with traditional gasoline and diesel.