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Rubber Storage in Qingdao Slumps

Rubber storage in the warehouse of Qingdao, China has decreased sharply. The total stocks on Monday stood at 192,200mt. The slump has cause a price rise in Tokyo Commodity Exchange.

9-17-2014 13:06:38

Weak Demand for Refined Oil, Gas Hits CNOOC, Petrochina

Leading oil and natural gas companies PetroChina Co Ltd and CNOOC Ltd reported first-half results on Thursday that reflected weaker demand for refined products.

9-17-2014 11:40:05

Sichuan Accelerates the Shale Gas Drilling Wells Exploration

According to "The National Survey and Assessment shale gas resource potential and favorable area preferred" which issued by the Ministry of Land and gas research center in 2012 China's shale

9-17-2014 11:39:23

China's Oil, Petrochem Sector Faces Tough Challenges

The 13th Five-Year Plan (2016-2020) for the petroleum and petrochemical industry will focus on eliminating obsolete capacity and raising coal chemical output. Excess capacity will be the sec

9-17-2014 11:37:33

Michelin to Purchase German Largest Tire Wholesaler

According to market source, the largest tire wholesaler in Germany, Ihle Baden-Baden AG, will probably belong to Michelin in the coming future.

9-17-2014 11:36:43

LLDPE Prices Downward Further

As crude oil price has experienced substantial slump and newly operated unit will produce added capacity in the third quarter, LLDEP futures price will remain its downward trend.

9-16-2014 18:06:50

Asia PX Oversupplies

This year is special for PX industry, because Asia PX has turned from excessive demand into oversupply. Though China market still maintained a huge demand gap with the dependence degree on i

9-16-2014 17:23:36

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