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Wanhua Chemical to shut phase-I ethylene plant for renovation

Guangzhou (JLC), May 28, 2025--Wanhua Chemical plans to halt production at its phase-I ethylene plant for technical renovation as from June 3, 2025, the company announced on May 23.

05-28-2025 19:11:57

China elevates acrylonitrile exports in 2024

Shandong (JLC), March 4, 2025--China acrylonitrile exports increased in 2024, benefitting from oversupply and lower domestic prices.

03-04-2025 09:07:15

PTA prices lack rising motivation amid new start-ups

Xinfengming announced that the phase II 2.2 million mt/yr green intelligent PTA project at the wholly-owned subsidiary Dushan Energy was put into production. The phase I of the company's annual output of 2.2 million mt/yr PTA unit has been officially put into operation on October 30, 2019.

10-19-2020 16:46:50

Sinopec-SABIC (Tianjin)’s ethylene unit comes on stream successfully after renovation

Shandong (JLC), July 15, 2020--At 5:10 on July 12, the Sinopec-SABIC (Tianjin)’ 1.3 million mt/yr ethylene project undertaken by Sinopec No. 4 Construction Company was successfully started once after a complete modification.

07-15-2020 17:29:00

Ethanol prices inch down amid weak demand and VAT reform

Shandong (JLC), April 11, 2019--Ethanol prices dropped slowly in early April due to slack demand and value-added tax (VAT) reform.

04-11-2019 08:33:08

VAT cut to inspire MEG market or not?

VAT cut will impact the whole MEG industrial chain somewhat, but it is not enough to change the sluggish MEG market filled with high inventory pressure and surplus capacity in the future.

03-20-2019 11:34:53

Lower VAT to benefit China potassium chloride market

The VAT (value added tax) reform in China will cut VAT on potassium chloride, which will benefit China potassium chloride market as the dependence on import is high.

03-13-2019 17:26:09

VAT cut to boost chemical market

Shandong (JLC), March 13, 2019--China will cut the value-added tax (VAT) rate on manufacturing and other industries to 13% in 2019, down from 16%, according to a government work report delivered by Premier Li Keqiang on March 5.

03-13-2019 15:52:09

Technical innovation is the key point in propylene industry during the 13th five-Year period

The ministry of Industry and Information Technology published Petrochemical and Chemical Industry Development Plan (2016-2020) (Plan) recently. The Plan came up with driving innovation, improving industry transform,

10-24-2016 14:55:14

Supervision-driven pricing powers Hengyi Petrochemical’s targeted private placement

Not long ago, stock regulators appealed for the tendency of “targeted private replacement”, which is echoed by listed company recently.

11-19-2015 17:45:07

Double powers to activate China aromatics value chain

From November 6th to 12th, domestic aromatics value chain showed vigor due to the guiding role of EXW prices and speculations relying on inventory.

11-16-2015 17:47:25

VAT stirs domestic potash fertilizer market

On August 28th, the Ministry of Finance and the State Administration of Taxation jointly delivered a policy: fertilizer produced or stored by general taxpayers would be charged 3% of value-added tax before September 1st, which is available from September 1st, 2015 to June 30th, 2016.

10-14-2015 17:42:22

The 24th fertilizer industrial conference focused on energy conservation

The 24th Annual Conference of China Coal Chemical, Fertilizer,Methanol Industrial Development and Technology was held during September 15th-16th in Shanxi.

09-24-2015 15:08:26

Bubble growth of potash price results from VAT

Currently, potash market has witnessed a round of price growth, which however is resulted from the restored taxation of value-added tax. The consumption of potash fertilizer has come into a slack season.

09-24-2015 15:07:57

Reinstatement of VAT bulled urea price repeatedly

China urea industry has been largely influenced by multiple factors. Based on basic supply and demand pattern in China, prices will reflect short-term ups and downs at any time when international bidding invitation, domestic policies or even extreme weather changed.

09-08-2015 15:21:33

Currency value plus VAT restoration shock China urea market

When value-added taxation restoration was still fresh news, the devaluation of Chinese currency pushed up domestic urea price in ports by CNY60-80/mt within 3 days. Price in Shandong ports rose to CNY1,620-1,640/mt.

08-27-2015 17:57:40

DuPont Establishes Innovation Center in China

Dupoint opened its Innovation center in Shanghai, the company’s first such facility in Chinese mainland. According to Dupoint, the center will feature the company's latest innovations, applications and products that address local market needs.

09-24-2014 17:59:49

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