Domestic acetate market summary

2019-05-14

On June 3, the talks in East China were around 5950-6050 yuan/ton, the talks in South China were around 6100-6200 yuan/ton, and the talks in North China were around 5900-6000 yuan/ton. Currently, downstream users maintain low-level purchases, and some merchants are negative. Operation, the trading atmosphere is still cold, the market lacks favorable support, and the short-term market is weak.

Asian pure benzene market rose

2019-05-14

On Thursday, Asia's pure benzene rose $21/ton, FOB Korea's pure benzene closed at $818-819/ton, and FOB Southeast Asia's pure benzene closed at $805-806/ton. In the morning, any July and August in Asia, the pure benzene bid was at 805 yuan / ton FOB Korea, and the August offer was at 830 yuan / ton.

Japan's Mitsubishi Chemical Corporation successfully turned losses

2019-05-14

In the fiscal year of 2009/2010, Mitsubishi Chemical Corporation, Japan's largest chemical company, achieved a profit of 12.8 billion yen ($139 million), while the company had a net loss of 67.2 billion yen in the previous fiscal year. Operating profit jumped sharply from 8.2 billion yen to 66.3 billion yen, but sales revenue fell 13.5% year-on-year to 2.51 trillion yen.

Resource tax can't be itchy

2019-05-14

First, we see that the adjusted resource tax rate is still low. The resource tax originally levied on the amount of money has been raised several times. However, due to the sharp rise in oil prices, the tax rate is less than 1% in terms of price. Although the adjusted pilot tax rate in Xinjiang has increased to 5%, it is still far from the UK's 12.5%, Russia's 16.5%, and the US's domestic and foreign averages of 14.6%.