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Inner Mongolia’s methanol supply may reduce on energy consumption control

Inner Mongolia, one major methanol production region in China, stipulated to strengthen its control on energy consumption increment and intensity in the 14th Five Year Plan period (2021-2025), which may reduce the local methanol supply, coupled with the spring maintenance from March to May.

03-02-2021 10:56:14

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’s Feb methanol imports may shorten

Shandong (JLC), February 24, 2021—China’s methanol imports in February is expected to shorten to 850,000 mt curtailed by the 7-day Chinese New Year holiday, down by about 50,000 mt from the estimated 900,000 mt in January, based on JLC shipping data.

02-24-2021 17:06:14

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

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

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 to receive more methanol imports

China is expected to see more methanol imports under overseas supply pressure.

06-28-2020 15:57:26

Methanol inland market to be better than port market.

The inland methanol market will be better than the port market in the following market, with inland methanol resources keeping flowing to the port market benefited from the logistics recovery.

02-26-2020 14:56:05

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

Methanol port and plant inventory, Feb 10, 2020

Up to February 10, the port methanol inventory declined to 611,000mt. In the second half of January, some imported goods at ports were delivered to end users in Zhejiang.

02-10-2020 15:14:18

Methanol market to seek cost support

At present, the methanol supply was surplus, and the upstream cost support was not as good as expected, thus the spot and futures prices of methanol might continue to fall in the later period.

06-26-2019 11:15:52

The price of acetic acid rises sharply in June

Since the Dragon Boat Festival (June 7-June 9), the domestic acetic acid market price continued to rise.

06-26-2019 10:45:59

Glacial acetic acid market to rebound

The China glacial acetic acid market began to rebound supported by the intensive unit maintenance and eased sales pressure of manufacturers as well as the increased purchase intentions from downstream users. It is predicted that the China glacial acetic acid price will tend to increase.

03-22-2019 14:51:18

China BPA demand to surge on new PC projects

China’s BPA (bisphenol A) demand is to enlarge noticeably in the following three years, especially in 2019, with a number of downstream PC (polycarbonate) projects, to be put into production that year, according to JLC monitoring.

01-25-2019 16:54:03

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

The 100,000mt/yr coal-based MEG project at Yanchang Petroleum to start up in June 2019

Up to now, Yanchang Petroleum Refining & Chemical (hereafter refered to as Yanchang Petroleum for short) had finished 80% constrocution work of its 100,000 mt/yr coal-based MEG project.

01-21-2019 16:10:20

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