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European and U.S. styrene market review in April

Shandong (JLC), May 10, 2022--Both Europe and the US styrene market prices retreated after soaring in April, however with the prevailing price different in those two regions, affected by the actual fu

05-10-2022 16:25:00

China Gas agrees with Yanchang Petroleum on propane supply to PDH JV in Taixing

Shandong (JLC), November 18, 2021--China Gas signed an agreement with Shaanxi Yanchang Petroleum on feedstock supply to a new propane dehydrogenation (PDH) unit in Taixing of East China’s Jiangsu that they are jointly building, the company announced on November 11.

11-18-2021 18:17:30

China exports bulk of MEG to Europe as arbitrage window opens

China exported a bulk of monoethylene gIycol (MEG) to Europe in August, as the price spread between the regions was wide enough to open the arbitrage window.

08-28-2020 19:02:21

European PTA exports shift to Asian markets

Recently, European PTA producers were actively seeking to turn to the Asian market due to weak market demand in Europe, mainly focusing on export opportunities in India and China.

11-12-2019 16:11:15

Europe ethylene market suffers pressure

European ethylene prices declined last week amid pessimistic expectations in the feedstock market and impact from the imported ethylene.

06-19-2019 08:31:33

Liquid ammonia prices further drop in Europe

From May 30 to June 6, liquid ammonia market price declined on oversupply in Europe and America areas, though those stabilized in the Middle East, Asia and the areas to the east of the Suez Canal.

06-12-2019 17:15:30

The 100,000mt/yr coal-based MEG project at Yanchang Petroleum to start up in June 2019

Up to now, Yanchang Petroleum Refining & Chemical (hereafter refered to as Yanchang Petroleum for short) had finished 80% constrocution work of its 100,000 mt/yr coal-based MEG project.

01-21-2019 16:10:20

European styrene market review in 2018

European styrene prices fluctuated frequently in 2018, especially in early this year and the fourth quarter.

11-15-2018 14:40:43

Europe-US aromatics market arbitrage analysis

As for toluene market, Europe-US arbitrage window was hard to open as the spread between them wore off; as for MX market, Europe-US arbitrage window opened unsteadily though the spread between them widened to $26-50/mt.

09-03-2018 18:32:32

Europe-US toluene arbitrage activities changes

Europe-US toluene arbitrage opportunity failed to open steadily from April to mid-May due to narrowed spread between them then the arbitrage activities kept active from late May to early June caused by wide spread.

06-12-2018 14:18:15

Subdued demand to hit Europe toluene market

European toluene price would be hard to eye further rises due to unstable exports to the US and weak domestic demand, though the increased crude futures price supported toluene price.

04-24-2018 15:41:12

Europe-U.S. arbitrage activities tightens European toluene supply

The Europe-U.S. arbitrage window greatly opened in mid-to late February as the spread between them widened to $130-150/mt, which led to the tight supply in Europe.

02-28-2018 10:35:48

The arbitrage window between Europe and U.S. opened again

Toluene prices in the US and Europe gained in varying degrees as the crude oil futures price surged recently. The US toluene price soared to above $720/mt in mid-November due to the strong downstream demand, and it climbed to $753/mt from

11-28-2017 18:18:23

Methanol arrivals from Europe may grow later

Since 2017, against not recovering olefin demand in China market, disappearing bullish news, downward price movement of products in methanol industry chain and crude oil, methanol price in China, the United States and Northwest Europe fell rapidly after surging in February and March.

05-16-2017 10:58:36

Methanol price movements in Europe and U.S.

Since the Spring Festival holiday (January 27th-February 2nd, 2017), some methanol units in Iran stopped operation due to natural gas supply.

03-23-2017 14:21:13

The MIIT issues the Petroleum & Chemical Industry Development Plan (2016-2020)

The Ministry of Industry and Information Technology issued the Petroleum and Chemical Industry Development Plan (2016-2020) (Plan) the other day, aiming to achieve an average annual growth of 8% in petroleum and chemical industrial output during the 13th five year plan period.

10-17-2016 13:56:11

Aromatics depends on petroleum products

China aromatics market went through three stages since 2009. First, after various charges for transportation was cancelled and the consumption tax for gasoline was improved (known as “consumer tax for charges”), oil blending activities turned to be active gradually.

05-29-2015 09:10:38

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