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China ethanol price rises to a year’s high

China’s ethanol market price rose to a year’s high at CNY7,250-8,000/mt on February 24, responding to the growing cost, compared with the price of CNY6,625-7,700/mt at the beginning of this year.

02-25-2021 10:45:02

China MEG price surges after the holiday

China’s monoethylene glycol (MEG) price surged after the Chinese New Year holiday (February 10-17), attributed to higher crude value, less imported cargoes and price gain of downstream products, JLC reports.

02-23-2021 17:09:06

China octanol price hits 8-year record high

As of February 18, the first working day after the Chinese New Year holiday, China’s octanol price in East China closed at CNY12,000/mt, hitting eight year record high and up by 15.9% from February 10, JLC data shows.

02-19-2021 14:31:37

China MMA price surges after the holiday

As of February 18, the first working day after the Chinese New Year holiday, China’s MMA price closed at CNY13,250/mt, up by 10.4% from February 10, JLC data shows. The price rise was attributed to limited supply caused by intensive maintenance and large export demand.

02-18-2021 16:52:53

China CTO capacity growth slows down in 2020

The capacity growth of China’s coal-to-olefin (CTO) industry slowed in 2020. It declined from the 22% in 2019 to the 5.84% in 2020, JLC data shows.

02-18-2021 15:12:05

China octanol exports plunged in 2020

China’s octanol exports of 2020 plunged by 52.24% from 2019 to 9,600mt, attributed to the strong domestic demand from the dioctyl terephthalate (DOTP) segment in the wake of the covid-19 outbreak which sharply increased the glove demand, according to JLC.

01-26-2021 15:02:13

Four new ECH plants to come online in 2021

China will put four new epichlorohydrin (ECH) plants into production in 2021, which will result in overcapacity in China ECH industry, according to JLC.

01-25-2021 10:41:36

Sinopec to increase ethylene output in 2H

China’s biggest refiner Sinopec plans to increase its daily ethylene output in the second half (2H) of this year, aiming to help maximize operation margins at its refining & chemical complexes.

08-31-2020 18:12:17

China’s PTA inventory hits record high

China’s PTA inventory hit a record high in early-August, as slightly lower operation rates at domestic PTA plants failed to revise oversupply in local market.

08-10-2020 18:10:12

China propylene prices retreat after 4-mon gain

China’s propylene prices retreated on July 23 after a four-month consecutive gain.

07-24-2020 18:15:55

Taiwanese Formosa shut down unit due to fire

Formosa shut down RDSII due to a fire this morning, expecting to lower its oil products output later this month.

07-15-2020 17:45:08

Additional capacity to weigh down on China’s PP price

China’s rapidly growing PP capacity is to put downward pressure on local PP prices later this year

07-13-2020 17:41:16

China phenol stock hit record high over 50kt

Up to January 24, China’s phenol inventory hit a record high, which was above 50,000mt, caused by sluggish demand and logistics ban against the backdrop of the new coronavirus, JLC data shows.

02-25-2020 14:47:12

MMA unit shutdown list caused by logistics ban

The operating rate of China MMA market was low at 47.78% as of February 10, 2020. This low operating rate was caused by the logistics ban triggered by the new coronavirus. Many MMA plants reduced operating rates or shut down to cope with the new coronavirus.

02-10-2020 16:34:33

China Propylene Industrail Chain Unit Shutdown List

Recently affected by the new coronavirus, it is diffcult for the delivery of all petrochemical products due to logistics ban. Most petrochemical plants faced high inventory pressure. Many propylene and downstream plants reduced operating rate or shut down to cope with this.

02-05-2020 20:06:41

Will explosion at Zhuhai?Changlian?raise BTX prices?

The explosion at Zhuhai?Changlian Petrochemical will not raise BTX prices before the Chinese Spring Festival (start from January 25, 2020), but it will make the safety inspection more strict in South China after the holiday, which will restrict the BTX productions then.

01-14-2020 18:16:39

Acrylic acid to inch up

China acrylic acid price first stabilized at cost line and then rose slightly in early April. It is expected that the price may inch up benefited from tight supply.

04-04-2019 14:58:45

DMC price to correct at lows

The DMC (dimethyl carbonate) market price will correct at lows in the short run. The oversupply of DMC can hardly change due to the weak demand, despite consistent support from feedstock PO and unit shutdown.

03-29-2019 16:45:45

Acrylic acid and ester market hardly to recover

The acrylic acid and ester market can hardly recover due to the limited support from cost, supply, downstream consumption and purchase upsurge, and the price will be stable, according to JLC.

03-29-2019 15:37:18

VAC import and export analysis in February, 2019

The import and export of VAC (vinyl acetate) read 260,000mt and 115,000mt, respectively in February, 2019. The VAC uptrend remains strong resulted from tight supply due to unit maintenance.

03-29-2019 15:32:42

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