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Profit of mixed alkane dehydrogenation units was poor recently

Cost of imported butane kept high after February CP surged. March CP for butane still kept at $600/mt. In China, PDH units still got profits while mixed alkane dehydrogenation units got poor

3-13-2017 14:42:29

Oil closing price kept declining with US active drillings increasing

On March 10th, although the declined USD supported the oil price, the increasing active drillings in US weakened the bullish influence brought by OPEC’s production reduction.

3-13-2017 14:17:17

Newly-constructed units of teapots booming intensify the competition

According to JLC, in 2017 teapots’ newly-constructed units are still intensive mainly on CDU and CCR. Yongxin, Haihua, Hongrun and Chambroad with totaling CDU capacity of 18 million mt/yr

3-13-2017 13:47:17

Imported iron ore prices drop below $90/mt with a slump in domestic steel prices

China spot steel prices moved downward with sluggish market transactions after continuous rise in the past week and many steel traders began to sell steel cargos at a low price. Imported iro

3-13-2017 13:34:44

Oil product retail price adjustment on March 14th may be shelved again

The positive influence of oil producing countries’ production cut is fading away, and international oil price increased for two-consecutive-day when US inventory kept increasing and USD ke

3-13-2017 10:04:27

China PP output is predicted to increase in March

1. Estimation of PetroChina PP’s distribution by area in March In March, the proportions of PetroChina PP output by area changed a little.

3-10-2017 18:22:14

LLDPE futures price decreased greatly, dragging down LLDPE price further

LLDPE futures price slumped on March 8th, down by 3.63% DoD. This strengthened the wait-and-see sentiment in PE market and limited PE transaction volume. LLDPE price cannot increase in its b

3-10-2017 18:14:05

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