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BASF’s decision to restructure its Antwerp complex by cutting 600 jobs by the end of 2028 has sent fresh tremors through Europe’s already weakened chemical landscape. The move, which accounts for nearly one-fifth of the site’s total workforce, is part of an expanded fixed-cost-reduction target — raised from €100 million to €150 million compared with 2024 levels.

October 28th, News According to the commodity market analysis system, as of the 28th, the price of ethyl acetate in China was 5,473.33 CNY/ton, a decrease of 26.67 CNY/ton compared to the price of 5,500.00 CNY/ton on October 21st, a price decrease of 0.48%. The operating rate of ethyl acetate plants has increased, but downstream purchasing has been limited. The prices of raw materials have fallen, leading to a weak downward trend in the ethyl acetate market.

October 28th, news According to the commodity market analysis system: The price of lithium carbonate is experiencing an unexpected price rebound.

October 28th News Currently, the Chinese melamine market is exhibiting a narrow trading range. As of October 28, the benchmark price for melamine stands at 5,450.00 CNY per ton, representing an 1.8% decrease compared to the beginning of this month (5,550.00 CNY per ton). While raw material costs and supply conditions are providing some support, weak downstream demand remains the primary factor holding back market growth.

October 28, news According to the commodity analysis system, starting from October 1st, the hydrogen peroxide market in China has shown a recovery with a significant increase. On October 1st, the average market price of hydrogen peroxide was 753 CNY/ton, and by October 28th, the average market price had risen to 930 CNY/ton, representing a price increase of 23.45%.

October 28th, news According to the commodity market analysis system, as of October 28, 2025, the reference price for n-butanol in Shandong, China is 5,233 CNY/ton. Compared to October 1 (when the reference price for n-butanol was 5,850 CNY/ton), the price has decreased by 617 CNY/ton, a price decrease of 10.54%. October butanol market in China continued to decline.

October 28th News According to the commodity market analysis system, as of October 28th, the average price of acetic acid in the Chinese market was 2,480 CNY/ton, a decrease of 120 CNY/ton from the price of 2,600 CNY/ton on October 21st, a price decrease of 4.62%. In the latter part of the month, the acetic acid market in China continued to decline.

October 28, News According to the commodity analysis system, the recent maleic anhydride market in China has slightly declined. As of October 27, the average market price of maleic anhydride produced by n-butane oxidation method remained at 5375 CNY/ton, a decrease of 1.38% from 5450 CNY/ton on October 20. Supply side: Recently, the overall market for maleic anhydride in China has declined.

October 28th, according to news According to the commodity market analysis system: Recently, the price of formic acid in China has shown a trend of stabilizing first and then rising. As of October 28, the benchmark price for 85% industrial-grade formic acid in China is 2,830 CNY per ton. Premium restocking drives short-term volatility Last week (10.20-10.24), product prices remained stable at 2,800 CNY/ton, and market prices were firm.

October 28th, according to news from China, I. Price Trends According to the commodity market analysis system, on October 28, the average price of ammonium sulfate in the Chinese market was 1,036 CNY/ton, and on October 1, the average price of ammonium sulfate in the Chinese market was 953 CNY/ton. The price of ammonium sulfate in the market increased by 8.74% this month. 2. Market Analysis This month, the ammonium sulfate market price first rose and then fell, with a generally strong trend.