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Biodegradable plastics: China PBAT exports surge on overcapacity

China’s PBAT exports totaled 2,0391.478 mt in January-April 2023, surging by 20,376 mt or 639.07% year on year, JLC data shows.

06-07-2023 08:48:32

Chloroacetic acid units suffer from severe losses on overcapacity

Shandong (JLC), March 20, 2023—China’s chloroacetic acid producers suffered from heavy losses amid rising supply, as partial new units came online.

03-20-2023 17:56:23

Sinopec shifts more focus on chemical amid overcapacity in oil market

Guangzhou (JLC), February 28, 2022--China’s oil giant Sinopec is switching its more focus from oil refining to the chemical sector and new energy, on the back of an overcapacity in the oil market and

02-28-2022 17:35:01

China MEG industry to face overcapacity in 2020

Shandong (JLC), June 22, 2020--China MEG industry will face overcapacity in 2020 as the capacity growth rate of downstream polyester producers is lower than that of MEG producers.

06-23-2020 18:16:02

China should expand crude imports and refined product exports to cope with overcapacity

China should focus on promoting its position in international market through “expanding both crude imports and refined products exports” rather than only on domestic supply and demand.

12-26-2017 14:47:14

Oil product export quota drops sharply; Overcapacity likely to worsen

Since the start of the year, not only independent refineries have been suspended from oil product exporting, but also the four oil giants have seen their oil product export quota plunge.

04-19-2017 15:37:57

Analysis on the overcapacity in plastic industry

The plastic weaving industry is the biggest downstream industry to PP products. And it mainly consumes the general PP product. The total capacity of plastic weaving industry reached 16-17 million mt/yr.

12-01-2016 18:09:16

Seven provinces joint to help Xinjiang tackle electricity overcapacity problems

Seven provinces including Jiangsu, Beijng and Tianjin have actually received 1.5 billion KWH electricity from Xinjiang, in an effort to help the latter to combat electricity oversupply problems.

10-17-2016 18:06:54

Guangdong sets a time schedule for steel overcapacity cuts in 2016

Guangdong province released a second list of steelmakers required to cut overcapacity on August 22nd after a list made earlier.

08-25-2016 17:41:04

Hebei unveils a list of steel mills required to cut overcapacity by end-Nov

According to the Hebei Development and Reform Commission, Hebei province unveiled a list of steel mills and facilities required to cut overcapacity by the end of November in 2016.

08-25-2016 11:28:12

Hebei's coal overcapacity shutdown plan in 2016

Hebei province decided to close 56 coal mines or 14.58 million mt/yr coal production capacity in 2016.

08-22-2016 15:53:47

China steel sector to reinforce overcapacity cut in H2

The overcapacity cut task in the Chinese steel sector will remain tough in the second half of 2016.

07-26-2016 14:28:31

Three more LNG terminals to be built at Mirs Bay, foreboding overcapacity

According to JYD, Shenzhen Dapeng LNG Receiving Terminal, China’s first imported LNG terminal, has reported no accident in the ten years since it started operation.

07-05-2016 17:19:47

Hebei Steel pledges no layoffs in tackling overcapacity

7,445 workers will wait to be resettled after this round of capacity reduction, but Hebei Steel Group promised no layoffs.

06-15-2016 17:59:07

Overcapacity in China’s refining industry fuels diesel exports

According to data from China Petroleum Economics & Technology Research Institute, China’s total oil refining capacity reached 710million mt by the end of last year.

06-14-2016 10:24:05

Blind consolidation cannot help cut steel overcapacity

It is pretty ironic that the steel sector is receding in terms of concentration rate. Before significant combination, the steel sector’s concentrate rate (market share of top ten steelmakers) was 33.82% in 2007, rose to 41.45% in 2008 and to 48.6% in 2010.

05-18-2016 17:44:05

China says its steel overcapacity will remain

Significant overcapacity will remain in China’s steel sector even after planned restructuring, industry executives said at the weekend, suggesting no let-up for the beleaguered industry’s plant closures and job losses across the globe.

04-12-2016 17:05:28

Thermal power generation down 4.3% YoY in Jan-Feb, pointing to overcapacity

According to the National Bureau of Statistics, China’s absolute power generation reached 870.2 billion kwh in the first two months of the year, rising by 0.3% YoY. Daily power generation averaged at 14.5 billion kwh, a yearly gain of 0.3%.

03-16-2016 14:08:39

China coal protests highlight overcapacity tensions

Thousands of Chinese coal miners have taken to the streets in a city near the Siberian border to protest against unpaid wages, in the first direct challenge to Beijing’s plan for orderly downsizing and job cuts in the state-owned coal sector.

03-15-2016 13:47:20

Sinopec: national refining overcapacity as high as 200 mln mt

The deputy of the National People’s Congress and Sinopec Beijing Oil Products Company general manager Chen Liguo said the national refining capacity was already glut seriously, and in 2000-2013 the domestic refining capacity and processing volume growth settled at 7.5% and 6.9% respectively.

03-11-2016 11:36:55

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