January 12th News: Recently, the Zibo Municipal Bureau of Ecology and Environment announced a public notice regarding the proposed approval of the environmental impact assessment (EIA) documents for the "Technical Renovation Project of Shandong Shangzheng New Material Technology Co., Ltd. for the Annual Production of 100,000 Tons of Polyurethane New Materials and Supporting Products." Chempricehub Analysis on Polyurethane, Bull-Bear Score: -1 The public notice for the EIA approval of Shandong Shangzheng New Material Technology Co., Ltd.'s technical renovation project for the annual production of 100,000 tons of polyurethane new materials and supporting products indicates that the project is likely to be approved and increase production capacity. The expectation of increased supply is expected to exert downward pressure on the spot price of polyurethane, as market supply and demand may shift toward a looser balance, scoring as generally bearish.
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