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Methanol industry in China seen from reform of the supply front

Data show that production capability of China coal industry has exceeded 5 billion mt; however, only 4 billion mt coal is consumed, leaving 1 billion mt coal capacity oversupplied.

3-11-2016 16:28:23

China crude import growth would be 3.2% in the next 5 years

BMI Research released the report, in 2020 China crude oil imports would reach 7.8 million barrels from 6.9 million barrels the estimation in this year.

3-11-2016 15:06:35

2016 Government Work Report's focus on mining sector

In 2015, China deepened reforms in finance and taxation, with a price-based resource tax imposition spreading to more sectors.

3-11-2016 13:58:43

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

3-11-2016 11:36:55

World Horticulture Exposition's impact on steel market

Some steel mills, in the neighborhood of the World Horticulture Exposition venue, plan to shut down completely from mid-March, and some others plan to cut output by 20-30%.

3-11-2016 09:14:42

CPI speeds up rising while PPI keeping declining

The China CPI speeded up to 2.3% in February, reaching the record high since July, 2014. Fresh vegetable price rose by 29.9% MoM, the largest growth since March, 2008.

3-10-2016 18:03:41

CNOOC Ningbo Daxie 12 mln mt/yr units would operate in May

CNOOC Ningbo Daxie Refinery pointed that, the newly-constructed refining units with 12 million mt/yr would be put into operation in early 2016 or in May.

3-10-2016 17:17:04

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