February 12th News
It is reported that Wanhua Chemical plans to expand its production capacity for electronic-grade ethylene carbonate (EC). Based on the existing annual capacity of 60,000 tons, the first phase is expected to add 200,000 tons per year, and the second phase will add another 200,000 tons per year, bringing the total capacity to an estimated 500,000 tons per year.
Chempricehub Analysis of Ethylene Carbonate
Bull-Bear Score: -1
Wanhua Chemical plans to add 200,000 tons per year of ethylene carbonate capacity in each of two phases, on top of the existing 60,000 tons per year, bringing the total capacity to 500,000 tons per year. The expectation of a significant increase in supply is likely to exert downward pressure on spot prices, as the risk of market oversupply rises, which is bearish for the spot market.
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