On February 25, the market price of metal silicon 553# with oxygen passage in the Huangpu Port area experienced a downward adjustment. The reference price for metal silicon 553# with oxygen passage in the Huangpu Port area was around 9,300 to 9,400 RMB per ton, reflecting a decrease of 50 RMB per ton.
On February 25, Hualu Hengsheng Chemical's cyclohexanone was priced at 7,200 yuan per ton, an increase of 100 yuan per ton compared to the previous working day.
Lianyungang Petrochemical's PS unit has four production lines for two types of transparent polystyrene and two types of modified polystyrene, with an annual capacity of 400,000 tons. Currently, the production lines are operating with two types of transparent polystyrene and one type of modified polystyrene. Suppliers are adjusting prices according to market conditions, and sales are relatively stable.
On February 25, Shandong Hualu Hengsheng raised its acetic acid price by 30 yuan/ton. The current bulk price is 2,850 yuan/ton, with actual transaction prices subject to negotiation.
Sumitomo Corp of Japan announced on February 18 that its Ambatovy nickel-cobalt project in Madagascar has been shut down due to damage caused by Tropical Cyclone Gazani, which struck the island last week. In a statement, the company said operations were immediately suspended once signs of the cyclone became apparent, with safety being the top priority. The report added that a detailed assessment of the extent of the damage, including the condition of equipment and its impact on revenue, is currently underway. Sumitomo will work to determine the scope of the losses as soon as possible and collaborate with relevant parties to implement appropriate recovery and reconstruction measures, the statement further noted. A company spokesperson stated that the timing for restarting operations remains undetermined, and it is expected to take several weeks to assess the full extent of the damage. Ambatovy, owned by Sumitomo and the state-owned Korea Mine Rehabilitation and Mineral Resources Corp (KOMIR), produced approximately 28,000 metric tons of nickel and about 2,500 tons of cobalt in 2024.
Guangzhou Petrochemical has three PS production units with a combined annual capacity of 300,000 tons. Currently, two general-purpose polystyrene production lines are in operation. Supply remains stable, with merchants adjusting spot prices according to market conditions. Trading activity is moderate.
On February 25, the price of Dongming Petrochemical's methyl ethyl ketone product was set at 7,000 yuan per ton, representing an increase of 400 yuan per ton compared to the pre-holiday period.
Zhangzhou Qimei's ABS unit has an annual production capacity of 450,000 tons and is currently operating at a single-line load. The supply is primarily allocated to core customers, with stable selling prices, and merchants adjust their offers according to market conditions.