January 6th News
Recently, Yifeng Jiatai (Mudanjiang) Biotechnology Development Co., Ltd. conducted the first environmental impact assessment (EIA) announcement for its batch-fed fermentation project to produce 30,000 tons/year of 1,3-propanediol (PDO). According to Chempricehub's analysis of 1,3-propanediol, the sentiment score is -1.5. The project is planned to have an annual production capacity of 30,000 tons of 1,3-propanediol. The expansion of new production capacity is expected to significantly increase market supply, potentially leading to oversupply and exerting downward pressure on spot prices. Considering the current market supply and demand conditions, spot prices are anticipated to face pressure in the short term, with bearish factors being relatively prominent.