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Sinopec Hunan gets approval to build ethylene and oil upgrade project

Guangzhou (JLC), September 18, 2023--Sinopec Hunan Petrochemical gained approval for the construction of its 1 mln mt/yr ethylene and oil upgrade project.

09-18-2023 18:32:21

China oil-extended SBS imports & exports up MoM

Shandong (JLC), August 8, 2023--In June, the imports of oil-extended SBS was 163 mt, an increase of 20.37% month on month and 38.58% year-on-year; The exports was 787 mt, an increase of 39.48% month o

08-08-2023 10:05:00

China May oil-extended SBS imports up, exports down MoM

Shandong (JLC), July 6, 2023--In May, the imports of oil-extended SBS were 135.52 mt, a month on month increase of 35.64% and a year-on-year decrease of 50.05%.

07-06-2023 16:34:00

China oil-extended SBS imports & exports down in Apr

Shandong (JLC), June 8, 2023--In April, the import volume of oil-extended SBS rubber was 99.91 mt, a decrease of 34.77% month on month and 50.55% year-on-year.

06-08-2023 17:05:00

China styrene prices fall on crude oil reduction

Shandong (JLC), April 23, 2023--Domestic styrene market prices basically fell this week ended on April 20, tracing the same trend in crude oil market. Besides, weak demand weighed on the styrene marke

04-23-2023 14:14:00

PetroChina Guangxi proposes oil refining & chemical upgrade

PetroChina Guangxi has proposed an oil refining & chemical upgrade project to build a 1.2mln mt/yr ethylene plant.

06-27-2022 17:26:45

Oil crash not to weigh on toluene & MX markets much

Shandong (JLC), April 23, 2020--International crude oil futures crashed to below zero for the first time in history, impacting the toluene and mixed xylene (MX) markets inevitably, but this failed to trigger a steep fall in toluene and MX prices amid good domestic market.

04-23-2020 17:03:52

PTA market sluggish on negative crude oil prices

WTI crude oil fell to a negative number on April 20, weighing on domestic chemicals, and PTA market was bearish due to the domino effect of crude oil.

04-22-2020 17:26:20

Methanol prices fall on weak fundamentals and oil futures crash

Shandong (JLC), April 22, 2020--China’s methanol market prices had already started the downtrend recently amid imbalanced fundamentals, and the plummet in crude oil futures further depressed the market sentiments.

04-22-2020 17:13:37

PTA prices to rise on rebounded crude oil prices

PTA prices climbed recently supported by rebounded crude oil prices. However, the downstream demand recovered slowly, which will restrain the price rise.

04-14-2020 16:19:54

PDH profit rise on fallen oil price

Recently, the profit of propane dehydrogenation (PDH) rose significantly as the price of imported propane declined sharply due to the plunge of international crude oil price.

03-26-2020 16:40:15

Base oil price to decline to a low level

Shandong (JLC), March 24, 2020--It is predicted that base oil prices will maintain low-level fluctuations and some grades’ prices may decrease further, amid supply pressure, price war and COVID-19.

03-24-2020 08:33:42

China’s chemicals suffer great shock from global economy turmoil

Shandong (JLC), March 16, 2020--China’s overall chemical market was strongly hit by the turbulent economy in the world as the halt of global stocks contributed to plunges in energy and chemical markets and the global trade liquidity has slowed sharply resulting from worldwide virus spread.

03-16-2020 15:24:12

BCS price stable despite the slump in crude oil prices (Part II)

Shandong (JLC), March 11 , 2020--The prevailing market offer of China’ butyl cellosolve (BCS) was steady recently even though it was in lack of cost and market sentiments supports affected by the plunge in crude oil prices.

03-11-2020 17:25:46

BCS price stable despite the slump in crude oil prices (Part I)

Shandong (JLC), March 11 , 2020--The prevailing market offer of China’ butyl cellosolve (BCS) was steady recently even though it was in lack of cost and market sentiments supports affected by the plunge in crude oil prices.

03-11-2020 17:19:32

Correlation of crude oil and methanol reduces

Shandong (JLC), December 18, 2019--The correlation of crude oil and methanol reduced this year as methanol prices were more subject to supply-demand fundamentals rather than crude oil.

12-18-2019 14:29:25

PO prices keep rising on soared crude oil prices

Shandong (JLC), September 19, 2019--Propylene oxide (PO) prices continued rising after the Mid-Autumn Festival holiday (September 13-15, 2019), affected by jumped crude oil prices.

09-19-2019 16:07:36

Propylene prices rise on soared crude oil prices (Part II)

Shandong (JLC), September 19, 2019--Propylene prices rose greatly on September 16, 2019 boosted by soared international crude oil prices.

09-19-2019 16:05:22

Propylene prices rise on soared crude oil prices (Part I)

Shandong (JLC), September 19, 2019--Propylene prices rose greatly on September 16, 2019 boosted by soared international crude oil prices.

09-19-2019 16:02:27

PET rises 4% in a single day boosted by soaring crude oil

The PET market prices might continue to rise in the short term boosted by crude oil, but downstream users were cautious about buying, coupled with the change of crude oil market, the rising trend might not last for a long time.

09-19-2019 15:39:40

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