In recent years,Petroleum Resin it has been found that the dimers of dicyclopentadiene (CPD) and methylcyclopentadiene (MCPD) in C9 cannot be effectively used,Petroleum Resin resulting in a waste of resources. Since dicyclopentadiene is mainly used in the manufacture of medicines, pesticides,Petroleum Resin and resin products; methyl dicyclopentadiene is mainly used as a raw material for the production of high-energy rocket fuel, plasticizers,Petroleum Resin and curing agents,Petroleum Resin and it is of great use to humans.
The prospect of comprehensive utilization of c9 petroleum resin is broad. In October 2015, the export volume of petroleum resin increased month-on-month,Petroleum Resin mainly due to the following reasons: First,Petroleum Resin with the decrease in weather temperature,Petroleum Resin the domestic petroleum resin market entered the traditional low season of consumption. During the month,Petroleum Resin the price of raw material cracking C5 was lower, and the downstream reception slowed down. The demand for petroleum resin was insufficient, and manufacturers' transactions continued to decline. Therefore,Petroleum Resin the relatively low price is also a major advantage for exports. Third,Petroleum Resin the decline in the exchange rate of RMB to Euro has benefited the export of domestic resources.
In view of the market outlook, winter is the traditional low season for the domestic petroleum resin market. In addition,Petroleum Resin due to the weak economic situation, there are more terminal and downstream shutdowns. Therefore, the market mostly reduces the inventory pressure through exports. The lower price of C5 is also a positive factor;Petroleum Resin the terminal and downstream shutdowns are relatively large,Petroleum Resin the domestic demand for petroleum resin resources will increase and shrink, so the import volume may continue to decline.
