As we all know, affected by the global epidemic, many companies’ foreign trade has been blocked, and printing and dyeing companies are also facing the embarrassing situation of low processing orders. Due to the reduction in demand, the price of reactive dyes is also continuing to fall! The conventional three primary color series reactive black KN-B, reactive red 3BS, and reactive yellow 3RS fell simultaneously. Active Dahei WN has even fallen to its lowest point in history in recent years, falling directly below the 20 yuan/KG mark!
Activity Dahei WNN fell below 20 Yuan/KG
The reactive dye market is a typical supply-side market. Oversupply is the truest reflection of this industry! There is one difference from the disperse dye market, and there is also the impact from the production capacity of reactive dyes in India!
Currently, due to the impact of the epidemic, the business of terminal printing and dyeing factories is generally not good, and the operating rate of dye vats continues to decline, and there are even holidays! Foreign trade exports have also plummeted due to the epidemic, and those who used to export were forced to switch to domestic sales! Under the influence of many factors, the price of reactive dyes has experienced the largest decline in recent years. The reactive WNN Dahei mentioned above has fallen below 20 yuan/KG, and the quotation in some areas has even dropped to 18 yuan/KG. And this will continue for a while.
H acid production capacity release
Yancheng Jihua on May 7 Welcome good news! The H-acid production resumption acceptance was successfully passed, and H-acid production capacity began to be released! H acid is the main intermediate of reactive dyes. However, the number of reactive dye manufacturers in China is relatively large, and Jihua H acid is mass-produced. The competition in the reactive dye market may become more intense!
Announcement on Jiangsu Jihua Chemical Co., Ltd. and other enterprises (projects) passing county-level production resumption acceptance
According to the spirit of the Municipal Chemical Administration Office’s “Notice on Issuing the Work Process for the Resumption of Production of Chemical Production Enterprises in Suspended Production in Yancheng City” (Salt Chemical Administration Office [2019] No. 5), our county Jiangsu Ji The application for resumption of production by enterprises (projects) such as Hua Chemical Co., Ltd. [see attachment for details] has passed the preliminary review by the Coastal Industrial Park Management Committee and county-level acceptance. It is planned to be submitted to the county people’s government for municipal review, and is now announced. The publicity period is from May 7 to May 12, 2020. If you have any objections during the publicity period, please contact the county administrative office.
Contact person: Qin Xuehan, contact number: 84108516.
Binhai County Chemical Industry Safety and Environmental Protection Improvement Leading Group Office
May 7, 2020
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