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Ningbo Daxie new units operation in mid-to-late June

According to JYD, in order to expand the enterprise’s scale, Ningbo Daxie Petrochemical invested 14 billion yuan on construction of catalytic cracking unit with 2.2 million mt/yr

5-27-2016 15:21:54

Deep processing plants run at low profit

In May 19th-May 26th, profit of olefin deep processing unit shrank slightly and kept at ideal level.

5-27-2016 14:28:46

Shandong teapots jointly march into oil products retail market

Recently, Shandong Petrochemical registered a new brand of petrol station—Zhongan Petroleum, in order to integrate 6,000 private petrol stations in Shandong, branding the carrier for the l

5-27-2016 10:37:57

High-quality coal even cheaper than common coal with a CNY400/mt subsidy

According to the Jinan Coal Industrial Development Bureau, subsidies for quality coal and new type stoves are to take effect soon, as reported on May 25th.

5-27-2016 10:05:23

A shift to price-based resource tax favors domestic iron ore miners in short term

Overall, the shift to price-based resource tax levy will lessen domestic miners’ operation pressures in the short term, albeit it is likely to drag down iron ore prices further over the lo

5-26-2016 17:52:00

SBR market hard to turn optimistic amid bearish factors

Since the growth in late February, SBR price continued surging high with SBR 1502 reaching CNY12,900/mt(in Shandong, Qilu 1502).

5-26-2016 17:32:37

Crude oil price undergoes V-shape trend; LPG price fails to rebound currently

International crude oil price once dropped below $30/bbl since October 2015, which depressed market participants greatly.

5-26-2016 17:27:32

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