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ABS market prices remain high on production reduction

Shandong (JLC), April 18, 2024--Faced with long-term losses, domestic ABS plants undertook a series of production cuts or shutdowns in April, thereby driving up ABS market prices.

04-18-2024 17:25:19

China styrene prices fall on crude oil reduction

Shandong (JLC), April 23, 2023--Domestic styrene market prices basically fell this week ended on April 20, tracing the same trend in crude oil market. Besides, weak demand weighed on the styrene marke

04-23-2023 14:14:00

Independents’ refining margins for domestic crude turn positive on cost reduction

Guangzhou (JLC), December 8, 2022--Shandong-based independents’ refining margins for domestic crude bounced back into positive territory this week, due to a further cost reduction by weaker domestic c

12-08-2022 10:18:43

China LNG prices rally on supply reduction

Beijing (JLC), June 15, 2022--China LNG prices rebounded on June 14 amid concentrated maintenance of LNG plants in north China, JLC research showed.

06-15-2022 15:35:08

China’s sulfuric acid prices record highs on supply reduction

Domestic sulfuric acid prices reached new highs amid sulfuric supply reduction owing to unit shutdowns and maintenance, coupled with stable demand from downstream plants and high feedstock prices.

04-01-2022 11:02:00

China caustic soda flakes prices may rise on supply reduction

Shandong (JLC), July 6, 2021--China caustic soda flakes prices may climb underpinned by declining supply given unit maintenance, despite muted demand.

07-06-2021 14:37:32

SVR-RU2109 basis gains on spot supply reduction

The SVR3L-RU2109 basis and SVR10-RU2109 basis gradually moved upwards from March mainly amid decreased imports and domestic continuous destocking.

05-27-2021 15:33:25

Shandong etherified butane prices climb on supply reduction

Beijing (JLC), November 27, 2020--Prices for etherified butane in Shandong province showed a gentle uptrend in November, mainly attributed to reduced supply.

11-27-2020 17:40:37

BOPP tape jumbo roll price to decline on cost reduction

The price of BOPP tape jumbo roll in China is expected to decline on cost reduction after a round of continuous price increase starting from the beginning of September， JLC estimates.

10-20-2020 16:07:08

Tax reduction to dampen rises in benzene prices

Shandong (JLC), May 27, 2020--Rises in China’s benzene prices are predicted to be limited, as tax reductions will cut the cost of benzene imports, and international benzene prices have been lower than domestic benzene prices.

05-27-2020 08:47:20

Tariff reduction and exemption impacts styrene market a little

Shandong (JLC), February 20, 2020--Tariff exemption applications allowed for some Chinese companies exerted limited impacts on China’s styrene market due to the anti-dumping tariff on US-origin styrene.

02-20-2020 16:00:17

NR supply may drop on fungal disease and planting area reduction （Part II）

The natural rubber supply in Southeast Asia is likely to go down as the fungal disease has spread and Thailand has planned to reduce the rubber planting area.

12-12-2019 14:56:26

NR supply may drop on fungal disease and planting area reduction （Part I）

The natural rubber supply in Southeast Asia is likely to go down as the fungal disease has spread and Thailand has planned to reduce the rubber planting area.

12-12-2019 14:51:00

NR market stays thin amid domestic oversupply despite SEA production reduction

The natural rubber market stayed unimproved amid high inventory in China and weak downstream demand, even though the output in Southeast Asia decreased.

11-13-2019 09:14:25

2-EH price tendency forecast under continuous propylene reduction

Recently, China’s propylene price kept declining, and it had declined by over CNY 1,000/mt over one week. Thus, the propylene market was infused with pessimistic sentiment.

11-28-2018 13:45:57

Tire: Import tariff reduction will be carried out in November 2018

Premier of the State Council Keqiang, Li chaired an executive meeting of the State Council on September 26, 2018. The meeting decided to decline the import tariff rates for 1,585 tax items.

10-24-2018 13:40:52

Viewpoint on 2017 Natural Rubber Storage Reduction in China

Qingdao Bonded Zone Rubber Inventory (Imported Rubber Inventory): It includes natural rubber, synthetic rubber and compound rubber. As for the natural rubber, it includes standard natural rubber, mixed rubber, RSS, etc.

08-21-2017 14:20:01

The key point for PE inventory reduction is the supply and demand

1. Analysis of China PE output Up to April 25th, China’s total PE capacity was 16.17 million mt/yr, up by 7.93% on-year. In March 2017, the PE output was 1.249 million mt, up by 50,700 mt or 4.23% on-year.

04-25-2017 17:07:58

Will operating rate reduction mitigate butadiene supply pressure?

China’s butadiene operating rate declined 2.67% to 73% in March. The 90kt/a butadiene unit at Shanghai SECCO Petrochemical took an overhual in mid-March. Sinopec Yangzi Company’s butadiene unit stopped operation due to an upstream facility failure by the end of March.

04-10-2017 09:48:26

Oil product market to be bullish after the great retail price reduction

The bearish news like the increasing US crude oil output, inventory and active drillings, the picking-up crude output in Saudi Arabia and the increasing production plan of Iraq and Libya all thickened the global concerns on the oversupply.

03-29-2017 09:46:09

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