On August 28, China Zhangjiagang liquid chemical index officially released. This is the domestic liquid chemical industry for the first time launched the industry index. Future production, procurement and trading of liquid chemical industry in China will not have a foreign index only weathervane.
The Zhangjiagang liquid chemical index of 13 varieties, such as methanol and ethylene glycol-based index calculation, climate index by the price index of liquid chemicals and liquid chemicals. Both publishing frequency to once a week and once a month. The index includes the three links of trade, production and consumption, liquid chemical industry on the downstream market changes can be reflected through this index.
Liquid chemical products is influenced by its physical attributes, storage and trading of chemical products has its own characteristics. Common liquid chemical products, methanol, toluene, xylene, styrene and ethylene glycol, etc. are the bulk petrochemical feedstocks. Liquid chemical products in China market deal size of more than 1 trillion yuan, of which approximately 30% dependent on imports, and this percentage is growing year by year.
Since our own liquid chemical index has not been established, liquid chemical producers, buyers and traders must be coordination of supply to Singapore and other foreign chemical index, still missing from the application of the right to speak. · The Zhangjiagang liquid chemical index goal is becoming the center influential on the global price.
The Zhangjiagang liquid chemical index chemicals Exchange by Jiangsu, China Petroleum and Chemical Industry Federation jointly prepared. Yangtze River region as the major regions of the liquid chemical imports accounted for about 50% of the liquid chemical imports, and concentrated in Zhangjiagang surrounding radiation East China. · The Zhangjiagang liquid chemical index where the Zhangjiagang Free Trade Zone, is currently gathering more than 1,200 Chinese and foreign businessmen, radiation of tens of thousands of chemical companies, national BCH spot Nianjiaoyiliang accounted market transactions for more than 60% of the total, have a good industrial base.
