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OX market may witness oversupply in future

?Shandong (JLC), November 14, 2024--OX supply may be in a glut in the following years, due to rising capacity but slow consumption.

11-14-2024 17:18:26

PX trades to be seen in futures market on Sep 15

?Shandong (JLC), September 13, 2023--The China Securities Regulatory Commission has approved the registration of paraxylene (PX) options on the Zhengzhou Commodity Exchange, and PX trades will be carr

09-13-2023 10:48:37

Zhengzhou Commodity Exchange to launch PX futures on Sept 15

Guangzhou (JLC), September 11, 2023 – Zhengzhou Commodity Exchange (ZCE) is set to launch the trading of paraxylene (PX) futures on September 15 (Friday).

09-11-2023 18:08:01

June styrene futures may rise on cost gains

Shandong (JLC), June 17, 2020--In June, the styrene futures was likely to move up along with the cost rise despite the both strong supply and demand.

06-17-2020 17:09:52

First styrene futures delivery hedges risk

Shandong (JLC), April 23, 2020--Styrene futures contract saw delivery for the first time after it listed on Dalian Commodity Exchange, helpful for enterprises to accelerate funds withdrawal and giving them a hand to hedge risk.

04-23-2020 17:10:03

Domestic spot and futures markets remain weak on slump in crude price

Domestic prices of futures and spot goods maintained downward trend impacted by the decrease in WTI price and US stocks.

04-22-2020 17:29:51

MX prices move up on rising crude futures

Shandong (JLC), April 10, 2020--China mix-xylene (MX) prices tracked an uptrend during April 3-9 amid upward crude futures prices as OPEC+ would hold a discussion to cut production, and the buying interest improved greatly.

04-10-2020 13:47:29

Styrene futures prices may inch down on weak fundamentals (part II)

Shandong (JLC), January 15, 2020--Styrene futures prices will inch down as the supply is expected to rise amid the high unit operating rates and the start-up of new styrene unit at Zhejiang Petroleum & Chemical, and the demand for styrene is much likely to weaken amid the poor downstream profits.

01-15-2020 15:02:01

Styrene futures prices may inch down on weak fundamentals (part I)

Shandong (JLC), January 15, 2020--Styrene futures prices will inch down as the supply is expected to rise amid the high unit operating rates and the start-up of new styrene unit at Zhejiang Petroleum & Chemical, and the demand for styrene is much likely to weaken amid the poor downstream profits.

01-15-2020 14:56:20

Launch of styrene futures favorable for market structure

Shandong (JLC), August 27, 2019--The launch of styrene futures on Dalian Commodity Exchange (DCE) in the fourth quarter of 2019 will exert substantial impacts on the long-term development of China’ styrene industry.

08-27-2019 15:09:04

More factors promote launch of styrene futures

Shandong (JLC), August 15, 2019--The llaunch of styrene futures is much necessary amid unstable supply and demand fundamentals as well as the fluctuating fringe market.

08-15-2019 16:31:12

DCE MEG futures saw short positions

DCE MEG futures saw short positions since its launch on December 10 of 2018, amid rising inventory and market insiders’ output increase expectation in 2019.

01-22-2019 16:51:40

MEG futures price declined on the first listed day

MEG price is easy to be affected by the macro environment and the international crude price. After listed on DCE, MEG futures will play a positive role for producers to cope with the price changes and to improve the trade pricing mechanism.

12-12-2018 14:36:12

China aromatics industry future growth plan

China petrochemical companies can maximize the use of resources by forming the integration of upstream-downstream industrial chain, which become the main direction for China’s aromatics industry.

05-29-2018 17:53:41

China's new styrene capacity additions in the future

In 2016, the total capacity of China styrene was 8.38 million mt/yr, up by 865,000mt/yr on-year. The new capacity additions in 2016 are CNOOC Ningbo Daxie Petrochemical’s 280,000mt/yr unit, New Solar’s 300,000mt/yr unit, Abel Chemical’s 250,000mt/yr unit and Sinopec SABIC Tianjin’s 35,000mt/yr unit.

12-26-2016 10:56:09

Limit Down of PP Futures Price

Continuous large crude oil price fall and fluctuation in propylene market further reduced the support from cost and intensified the already depressed market.

12-10-2014 11:14:05

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