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Development in methanol sector H1 2015

As of July 13th, methanol production capacity in China had reached 69,180,000mt, up 0.83% from the comparable year-ago period.

07-14-2015 16:38:49

Drought suspends rubber tapping

It has seldom rained in west Hainan Province since last November, and rain fall in some areas have fallen to less than 50mm. Yellow and fallen leaves and dying seedlings could be seen everywhere in rubber fields.

06-11-2015 09:52:32

Inactive transaction continues to drag PP price down

PP supply will increase as line 1 in Dushanzi Petrochemical restarted at the end of May and new units in Pucheng Clean Energy and Daqing Refining & Chemical as well as line 3 in Shenhua Ningxia Coal will start operation this week.

06-09-2015 17:30:16

CTO poses threat to OTO

According to JYD, joint capacity of CTO is 2,960,000mt, accounting only around 17% of the total capacity of PP production. However, this figure brings great disturbance to PP market, posing huge threats to the leading position and great influence of Sinopec and PetroChina in the market.

06-03-2015 17:50:51

An advanced international rubber R & D center to be built in Nanjing

With a total investment of about CNY430 million, the rubber R & D center in Nanjing is expected to be completed two years later. This center will cover a total area of 102,000m2, 80,000m2 of which will be used for construction.

06-03-2015 17:47:13

Whether will PP price rebound?

Line 3 in Maoming Petrochemical, Pucheng Clean Energy and old units in Yan’an Refinery started to produce raf. The total output of raf. went up by 15,600mt from the previous week.

05-27-2015 17:28:42

PE pipe price edges down amid weak demand

Overhauls in many petrochemical plants extended to May, which led to tightening supply and rising price in some regions at the beginning of May.

05-27-2015 17:26:36

PTA will suffer slight price decline in short term

Price dip in international crude oil depressed downstream chemical market as a whole. PTA prices of major 1509 contracts fell by the daily limit on May 20th to around CNY5,000/mt, down by 10% from CNY5,634/mt on May 7th.

05-22-2015 17:14:22

Film profits was trimmed down

Along with sharp decline of feedstock prices, film prices in May begin to turn downward. Film quotation reached the highest point in early May to over CNY11,500/mt while high price and weak demand led to thin trading.

05-22-2015 17:13:17

Bearish PP market against reduced reserve ratio and interest rate

China's central bank announced to cut the interest rates on May 10th shortly after its reduction of the reserve ratio on April 20th.

05-15-2015 17:50:31

Chemical sector saw a 3.9% year-on-year profit rise in Q1

In Q1, profits of the chemical sector stood at CNY86.28 billion, up 3.9% from the previous year and that of fertilizer reached CNY5.6 billion, up 13.8% year-on-year.

04-30-2015 17:43:57

Weak demand acts as the main role to drag down PE market

Demand for PE is expected to remain weak from May to July, thus when numbers of restart plants increase, PE price will probably go down. ?

04-29-2015 10:24:28

High value-added PP used in vehicle

About 100kg of plastics are used in each and every vehicle in the developed country, accounting for 9-10% of its weight. Vehicles of different sizes in China use 40-90kg of plastics for each and plastics used in each car take about 7-8% of its weight.

04-23-2015 16:47:11

Will PP price fall?

To keep their inventory, petrochemicals continue to lift prices in April. Price of copolymer grows in a rate higher than that of raf. mainly due to decreased output resulted from overhaul undertaken in Dushanzi.

04-15-2015 10:07:00

Blast may crimp PX supply, push up price

The explosion that ripped through a chemical plant in Fujian province and sparked a major fire may cause paraxylene supply shortages and price hikes.

04-08-2015 16:33:41

Tight plastics supply will continue

Market demand increases constantly after the Spring Festival while downstream production goes up. Plastic price shows a strong upward momentum and plastic futures price also surges against oil price downturn, which goes wild beyond investors’ expectation.

03-30-2015 16:22:14

Regional Price Rise in Propylene

Last week, propylene price went up in some regions driven by inventory purchase after the holiday and crude price rise.

03-10-2015 11:54:38

Plastic Omnium makes China investment push

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in Asia, where it will locate 12 of the 20 new facilities in its near-term investment plans.

03-03-2015 09:53:21

PP price trend after Spring Festival

PP output in Northern China was about158,200mt in the first half of February. BOPP output increased in the second half of January and the first half of February due to increasing demand before the Spring Festival.

02-25-2015 11:15:50

How far will plastic rebound go against weak demand and less cost support?

Driven by crude price rock and cut-down bank reserve, futures prices of plastics surged on February 6th, but were predicted to decline shortly after for lack of support from cost as well as supply & demand.

02-10-2015 15:26:14

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