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Low crude price will continue in 2016

Since July 2014, crude price has gone through a nosedive from over $100/bbl to $40-60/bbl for recent months. Such distinctive slump was attributed to multiple reasons.

12-07-2015 17:52:39

Chemical market tends to hit the bottom despite relieved pressure

Recently, crude price went through a short-term growth, helping to relieve the pressure upon chemical market for a potential decrease. However, the market tends to hit the bottom.

12-03-2015 17:31:28

China PX market in December

In November 2015, Asia PX market fluctuated within limited range. International crude price fell back, but exerted limited influence upon aromatics market.

12-03-2015 17:08:40

Haze turned Nanjing chemical industrial zone into a hot issue

A murky haze occurred to Beijing on the first day of December. What unprecedented was that, with severe cold air spilling to southern China, pollution in northern china was brought to Jiangsu.

12-03-2015 14:44:34

PX price movement in 2016

After two years bullish progress, PX price has fallen below the bottom level since 2010. In the coming 2016, will PX price break below previous bottom or rebound?

11-27-2015 16:13:44

No large-scale petrochemical project to be built in Gulf area

According to Arab Times on November 22th, an independent analyst from oil industry in Kuwait predicted that no large-scale petrochemical projects would be built in Gulf area.

11-25-2015 17:46:47

Costing standard of greenhouse gas emission for chemical industry

Not too long ago, China Standardization Administration approved and delivered 11 national standards.

11-25-2015 17:37:21

Newly-built 170,000 mt/yr isobutene unit with Honeywell UOP technology

Recently, Honeywell UOP announced a successive launch of a isobutene unit newly-built in Luqing Petrochemical located in Shandong province. It took only 20 months to finish construction of this 170,000 mt/yr unit.

11-25-2015 17:21:55

Global petrochemical layoff broke through 250,000

According to Dow Jones on November 20th, a company located in Huston has tracked layoff of oil and gas industries since oil price moved up.

11-25-2015 17:20:48

Scarce speculations in benzene market

Domestic benzene market showed two rounds of rises in recent two weeks, however, speculative activities were still week. Market progress were mainly featured by the following characters.

11-24-2015 15:45:41

Accelerated intelligentization of petrochemical industry

Just few days ago, on an experience exchange meeting of intelligentized manufacture of petrochemical industry, deputy minister of Industry and Information Technology Xin Guobin said that in intelligentized manufacture would power petrochemical companies.

11-24-2015 14:49:49

Hengyi Petrochemical’s PMB project is expected to boom PTA market

Hengyi Petrochemical recently planned to collect CNY3.8 billion of 500 million shares to invest in the 8 million mt/yr PMB refining and chemical project. The total investment is estimated at $253 million.

11-19-2015 18:06:45

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

Dongming Petrochemical signed long-term contract with BP for crude supply

Dongming Petrochemical, the biggest private refinery located in Shandong province, signed a long-term contract with BP for crude supply. Dongming Petrochemical has just been approved for crude import this year, indicating China’s energy reform has stepped into a new era.

11-18-2015 17:55:41

China coating output grew to 12.38 million mt for the first three quarters in 2015

From January to September 2015, based on the data collected from major coating producers, China coating output reached 12.3797 million mt, up by 2.95% on-year.

11-17-2015 10:52:09

Chemical export earnings from gulf area hit a historical record

According to a latest industrial report delivered by Gulf Petrochemical and Chemical Association (GPCA), petrochemical companies in the Gulf Cooperation Councilexported 17.2 million mt of chemicals in 2014, with a value at $62 billion, hitting a record high.

11-17-2015 09:57:01

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

Benzene producers held insufficient reasons to change the price

The reversed arbitrage between oversea and domestic market helped to sustain the market. After a slight rise in early period, China benzene price returned to around CNY4,550-4,750/mt. Listing prices of petrochemical producers showed no adjustment.

11-16-2015 17:35:03

A 9.5% growth of added value of chemical feedstock and product in October

According to data delivered by the National Bureau of Statistics, in October, industrial added value of enterprises above certain scale increased by 5.6% on-year, up by 0.46% than in September.

11-13-2015 17:05:51

Downstream of petrochemical industry embraces broken monopoly

Recently, according to suggestions from the thirteenth five-year plan, central government is going to carry out a reform to energy structure.

11-12-2015 17:24:48

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