NOSCOM New Material Technology (Changzhou) Co., Ltd.

China’s shipbuilding industry continues to lead the global market

Carbon Fiber Transforms from "Load-Bearing Material" to "Energy-Storage Electrode"

AI combined with fiber-reinforced composite materials has broken through the data optimization bottleneck, achieving direct performance and strength ceilings!

The impact of the weakness of the cement market in eastern China on the composites industry is structural and differentiated

The price of resin continues to rise.

[News] Market Trends of Major Raw Materials for FRP on March 27th This Friday, the benchmark prices of major raw materials for UPR continued to show strong momentum compared to last week. Propylene glycol increased by 29.60%, and diethylene glycol increased by 25.17%; however, styrene decreased by 2.92%.Regarding the price increases, both upstream and downstream players have become somewhat numb or can only passively accept them.On March 27th, according to media reports, Saudi Basic Industries Corporation (SABIC) announced a force majeure event affecting the production of styrene monomer and methanol, leading to a suspension of operations. The simultaneous disruption of these two core products has rapidly expanded the global supply gap for methanol and styrene.The upcoming issue is not merely price increases; a more significant problem is a shortage of goods.Some resin plants have already notified their customers that they are temporarily unable to supply products due to a lack of raw materials.Glass fiber is facing a similar issue. The supply of a major manufacturer's non-small tex direct roving has also become tight. On one hand, downstream customers are stocking up relatively actively amidst the price hike atmosphere; on the other hand, this is related to adjustments in their product mix, with more capacity being allocated to hot sectors like wind power and thermoplastic applications.Individual small manufacturers are also encountering similar situations, with certain product models experiencing tight supply. This phenomenon can be termed: structural shortage.

Modularization means breaking down a product or system into smaller, independent units, simplifying the production process. The principle of modular bathrooms is to build in sections in advance, allowing the bathroom to be assembled like building blocks without the complex construction process of traditional bathrooms.

1、Since the beginning of this year, the "large-scale equipment update" related policies have been heard frequently.（china）In March this year, The State Council issued a notice on the issuance of the "Action Plan to promote large-scale equipment renewal and the replacement of consumer goods with new ones." With the in-depth promotion of high-quality development, equipment renewal is an effective way to boost domestic demand, eliminate backward production capacity, promote industrial structure upgrading, and achieve high-quality development, which is a huge market of more than 5 trillion yuan.

1、Major national development goals for 2024：GDP will increase by around 5%Over 12 million new urban jobs will be createdSurveyed urban unemployment rate is around 5.5%The CPI will rise by around 3%Personal income increases in step with economic growthThe balance of international payments remained basically balancedChina's grain output exceeded 50 million metric tonsEnergy consumption per unit of GDP will be reduced by about 2.5%, and ecological and environmental quality will be improved

Market situation

Raw material market shock adjustment, resin sales price is stable.

Demand is generally weak The chemical market still revolves around cost and supply