China Dicyclopentadiene markets eased through May as ample domestic feedstock, capacity debottlenecks, and seasonal destocking weighed on export and spot demand. Early month, coastal crackers operated continuously after spring turnarounds, maintaining raffinate supply and encouraging higher throughput. Mid-month, softer naphtha and coal costs supported run-rate expansion, while Dicyclopentadiene downstream buyers in unsaturated polyester resin and moulding compounds delayed spot purchases after prior stock-building. By late May, thinning Dicyclopentadiene export inquiries from Europe and North America and trimmed nominations added downward pressure, reinforcing a bearish tone. Downstream sectors such as construction, automotive, and specialty polymers softened, pressuring sentiment and prices. Fabricators of resin for fibre-reinforced plastic pipes and wind-turbine housings postponed spot purchases; moulding-compound producers serving passenger vehicles reported weaker order intake, muting export demand. Debottlenecking at integrated crackers contributed additional supply, supported by ample inventories, reinforcing sellers' willingness to reduce offers. Looking ahead, near-term pressure may persist into June, with a tentative rebound possible later as markets rebalance.
China Dicyclopentadiene prices moved decisively lower through May **** as a combination of ample domestic feedstock, completed capacity upgrades and Dicyclopentadiene seasonal destocking weighed on export and spot demand. Early in the month coastal steam crackers ran uninterrupted after spring turnarounds, keeping C* raffinate available and encouraging producers to lift throughput. Mid-month easing in naphtha and Asian coal costs further supported higher runs, while Dicyclopentadiene downstream buyers, particularly in unsaturated polyester resin and moulding-compound chains, postponed spot purchases after earlier stock-building. By late May, thinning Dicyclopentadiene export enquiries from Europe and the United States and trimmed nominations prompted sellers to accept lower netbacks, setting a bearish tone for the month.
Downstream Dicyclopentadiene demand across construction, automotive and speciality polymer sectors softened, pressuring market sentiment and pricing. Fabricators of unsaturated polyester resin for fibre-reinforced plastic pipes and wind-turbine housings postponed spot purchases, and moulding-compound makers...
Leave a Comment
Comments (0)