Summary of TMP Industry Insights Industry Overview - The document discusses the TMP (Trimethylolpropane) industry, focusing on supply and demand dynamics, as well as pricing trends. Key Points Supply Side Dynamics - The industry is experiencing capacity exits and shutdowns, with domestic manufacturers like Wanhua expected to exit and shut down approximately 100,000 tons/year of capacity by 2025 [1] - Overseas production is also affected, with Swedish company Perstorp's 50,000 tons/year capacity undergoing maintenance, expected to last until May 2026 [1] Demand Side Dynamics - There is a strong replenishment demand from downstream sectors, as inventory levels have reached zero [1] - Previously, TMP product prices were declining, leading to weak replenishment willingness; however, current conditions have resulted in zero inventory levels [1] Price Trends - The price of TMP has seen a significant increase, with Baichuan raising the TMP price to 15,000 yuan/ton as of February 9, 2026, with actual transactions occurring at this price [2] - Experts anticipate further price increases post-Chinese New Year due to widespread downstream holidays [3] Raw Material Costs - The price of key raw material, n-butyraldehyde, continues to rise, while calcium formate prices have decreased, leading to increased cost pressures for calcium-based manufacturers [2] Future Expectations - Experts predict that domestic companies will likely coordinate maintenance efforts, which will further drive prices upward [4] - Continuous monitoring of industry developments is planned to assess ongoing changes [5] Additional Information - The document invites further inquiries for detailed expert opinions or one-on-one discussions with the Dongwu Chemical team [6]

Group 1 - The company Baichuan Co., Ltd. stated that its TMP raw material, n-butyraldehyde, is self-produced, providing a raw material advantage [1] - The company also highlighted its advantages in energy costs, as the energy costs in the Ningxia region are relatively low [1]

| A B | | | | | | | --- | --- | --- | --- | --- | --- | | | 股证券代码：600610 股证券代码：900906 | | | | | | | | A B | | | | | | | | 股证券简称：中毅达 股证券简称：中毅达 | | | | | | | | B | 公告编号：2025-055 | | 主要原材料 | 2025 年 1-9 | 月平均 | 2024 年 | 1-9 | 月平均 | 变动比例（%） | | --- | --- | --- | --- | --- | --- | --- | | | 采购价（元/吨） | | 采购价（元/吨） | | | | | 液碱 | 920.83 | | 886.34 | | | 3.89 | | 甲醇 | 2,112.36 | | 2,195.09 | | | -3.77 | | 正丁醛 | 5,655.34 | | 7,104.74 | | | -20.40 | | 玉米 | 2,068.59 | | 2,181.15 | | | -5.16 | | 原煤 | 373.84 | | 406.68 | ...

贵州中毅达股份有限公司 2025 年半年度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 贵州中毅达股份有限公司（以下简称"公司"）根据《上海证券交易所上市 公司自律监管指引第 3 号行业信息披露：第十三号——化工》的相关要求，现将 2025 年半年度主要经营数据披露如下： | 股证券代码：600610 | 股证券简称：中毅达 | 公告编号：2025-047 | A | A | | --- | --- | --- | --- | --- | | 股证券代码：900906 | 股证券简称：中毅达 | B | B | B | 主要产品 2025 年 1-6 月产量 （吨） 2025 年 1-6 月销量 （吨） 2025 年 1-6 月营业 收入（万元） 季戊四醇 24,824.86 23,704.29 31,042.50 三羟甲基丙烷 5,530.61 6,554.30 5,493.85 酒精 22,268.88 13,427.09 5,976.35 DDGS 饲料 18,933.85 19,735.55 3,7 ...

证券代码：603276 证券简称：恒兴新材 公告编号：2025-032 江苏恒兴新材料科技股份有限公司 江苏恒兴新材料科技股份有限公司（以下简称"公司"）根据《上海证券 交易所上市公司自律监管指引第3号——行业信息披露》之《第十三号——化 工》要求，现将2025年第一季度主要经营数据披露如下： 一、主要产品的产量、销量及收入实现情况 单位：吨、万元 | 主要产品 | 2025年1-3月产量 | 2025年1-3月销量 | 2025年1-3月销售金额 | | --- | --- | --- | --- | | 有机酮类 | 4,044.11 | 3,142.53 | 6,018.69 | | 有机酯类 | 6,724.25 | 6,468.89 | 6,816.17 | | 有机酸类 | 10,748.17 | 3,257.96 | 2,814.86 | 二、主要产品和原材料的价格变动情况 1、主要产品的价格变动情况 单位：万元/吨 2025 年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 单位：万元 ...

2025 年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | A B | | | | | | | --- | --- | --- | --- | --- | --- | | | 股证券代码：600610 股证券代码：900906 | | | | | | | | A B | | | | | | | | 股证券简称：中毅达 股证券简称：中毅达 | | | | | | | | | 公告编号：2025-030 | | | | | | B | | 贵州中毅达股份有限公司 二、主要产品和原材料的价格变动情况 （一）主要产品价格变动情况 | 主要原材料 | 2025 年 1-3 | 月平均 | 2024 年 | 1-3 | 月平均 | 变动比例（%） | | --- | --- | --- | --- | --- | --- | --- | | | 采购价（元/吨） | | | 采购价（元/吨） | | | | 液碱 | 995.37 | | | 879.25 | | 13.21 | | 甲醇 | 2,155.5 ...