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The outlook for petroleum resin is bullish and should not be underestimated.

2024-04-26

The outlook for petroleum resin is bullish and should not be underestimated.

  For the first time, Puyang has been included in the Beijing–Tianjin–Hebei “2+26” joint prevention and control zone for air pollution. This marks a significant step forward, as enterprises in Puyang will need to accelerate the restructuring of their industrial mix, with implications that cannot be overlooked for Puyang’s petroleum resin industry. It signals that, in 2017, the local petroleum resin sector will face an even more challenging environmental‑regulation landscape. Production costs are set to rise further, and with raw material and crude oil prices climbing, downward pressure on petroleum resin prices is unlikely; instead, prices are expected to surge steadily. We therefore urge both new and existing customers to prepare accordingly—both mentally and by building up inventories.
  Expected: The price of petroleum resin for road marking paint will rise to RMB 10,500 per ton ex‑factory. (4# petroleum resin)
  The price of petroleum resin for adhesives will increase to RMB 11,500 per ton ex‑factory (4# petroleum resin).
  The price of hydrogenated resin for adhesives will increase to RMB 18,000 per ton ex‑factory (Grade 0 petroleum resin).
  The price of coumarone‑indene petroleum resin will increase to RMB 4,500 per tonne ex‑factory (dark brown granular petroleum resin).
  C9 petroleum resin and other resin grades are no exception.

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Yingcheng Building Materials

The leading product of Weifang Yingcheng Building Materials Co., Ltd. is carbon nine cold poly petroleum resin.

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