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China INE crude price climbs on OPEC+ compensatory output cuts

Guangzhou (JLC), March 21, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) increase on Friday after OPEC+ announced a plan for seven members to cut output.

03-21-2025 18:31:41

Additional tariffs may dampen China's imports of US crude

Guangzhou (JLC), February 6, 2025--China's imposition of additional tariffs on crude oil from the US may dampen its imports from the latter.

02-06-2025 14:14:32

Domestic diesel demand dampened by various factors

Guangzhou (JLC), May 16, 2024 – China’s diesel demand took a hit due to multiple factors such as faster development of alternative fuels, the government’s environmental inspections in some provinces.

05-16-2024 18:16:49

Rising PP capacity to spur market competition further

04-23-2024 17:49:43

Spot PP price cools down dampened by tepid supply-demand fundamentals

Shandong (JLC), February 27, 2024--Spot PP price cooled down dampened by tepid supply-demand fundamentals.

02-27-2024 14:50:56

China INE crude price inches up before impending OPEC+ meeting

Guangzhou (JLC), November 30, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended small gains on Thursday in advance of the approaching OPEC+ meeting.

11-30-2023 19:17:06

PetroChina Guangdong successfully produces mPE

Guangzhou (JLC), September 12, 2023 – PetroChina Guangdong Petrochemical’s 800,000 mt/yr full density polyethylene (FDPE) unit successfully produced a metallocene polyethylene (mPE).

09-12-2023 18:55:12

LNG more competitive than LPG in early August

Beijing (JLC), August 16, 2023--The spread between China’s LPG and LNG prices widened in early August, making LNG more competitive.

08-16-2023 13:39:45

China PP powder prices hard to rise on market competition

China PP powder market may face slow development in the future due to multiple factors.

04-24-2023 17:08:25

PE market faces pressure of high temperature, power rationing policy

China PE market faced significant pressure caused by high temperature and power rationing policies in many regions, though the conventional peak season would coming in September and October.

08-23-2022 17:28:18

DOP production declines in some areas due to high temperature

Shandong (JLC), August 10, 2022--Due to the high temperature and the peak electricity consumption, the limited power situation began to appear in Jiangsu and Zhejiang this week. The production of DOP

08-10-2022 14:16:00

PP market to see fierce competition on oversupply

China PP market will face more fierce competition in the future along with the capacity increases.

07-28-2022 16:56:52

China’s alkylate market stays weak, lacking upward impetus

The domestic alkylate market has been under pressure from both costs and demand, with prices trending downward and alkylation units at refineries experiencing poor operating rates.

07-18-2022 10:43:33

Shenghong’s 16 mln mt/yr complex to enhance competition

Shandong (JLC), May 18, 2022--?Shenghong Refining and Chemical (Lianyungang) put its 16 million mt/yr refining and petrochemical complex into operation on May 16, according to a notice published by Ji

05-18-2022 17:30:01

Acetic acid prices drop dampened by high inventory

Shandong (JLC), April 16, 2022--Recently, the price of acetic acid gradually decreased. As of April 11, the inventory of acetic acid was as high as 196,000 mt, which was also the highest level of acet

04-16-2022 15:51:00

Sinopec Zhenhai may impel the 1.2 mln mt /yr ethylene project on Dec 30, 2021

Shandong (JLC), November 12, 2021--Sinopec Zhenhai?Refining?and Chemical Company is the largest crude oil processing base and refined oil export base of Sinopec, with 23 mln mt /yr oil refining capaicty and 1 mln mt /yr ethylene capacity.

11-15-2021 16:44:21

ExxonMobil decide to impel the 1.6 mln mt /yr ethylene project in Guangdong

Shandong (JLC), November 10, 2021--Daya Bay Petrochemical Zone is located in Guangdong, which will be equipped with a cracking unit, three high-performance polyethylene production lines and two differentiated polypropylene production lines.

11-10-2021 17:18:46

China issues guideline on deepening reform of eco-compensation mechanism

Guangzhou (JLC), September 13, 2021 -- China has released a guideline on deepening the reform of the country's ecological compensation mechanism to speed up the building of ecological civilization, according to the Xinhua News Agency.

09-13-2021 18:42:01

Rises in China synthetic ammonia prices dampened by weak fundamentals

Shandong (JLC), June 22, 2021--Domestic synthetic ammonia market prices stayed firm buoyed by currently tight supply, but the growth was dampened by the expectation of macro-control on agricultural materials and weakening fundamentals.

06-22-2021 11:22:24

Competition for market shares to depress HDPE market

China PE industry will see significant capacity expansion in 2021, and the capacity expansion of HDPE will reach 2.1 million mt/yr this year. The whole HDPE market will face great oversupply pressure.

05-13-2021 17:35:40

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