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China PP market under pressure on ample supply

Shandong (JLC), March 15, 2023--Since March, the domestic PP market has been unsettling. Hongrun Petrochemical, Guangdong Petrochemical and Hainan Refining and Chemical new units have successively rel

03-15-2023 00:00:00

China PP market under pressure on slow destocking

Shandong (JLC), February 15, 2023--In recent years, with the continuous expansion of the capacity of the domestic PP industry, the market price was suppressed to varying degrees.

02-15-2023 00:00:00

PE exports in the United States under the cold wave

Shandong (JLC), January 31, 2023--China imported 434,400 mt LLDPE from the United States in 2020, 28,000 mt LLDPE in 2021, and 461,400 mt LLDPE in 2022.

01-31-2023 10:05:00

China butadiene market under pressure on rising capacity

Shandong (JLC), August 9, 2022--The phase II 3# cracking unit of Zhejiang Petroleum & Chemical (ZPC) was put into operation in August 2022, and its 250,000 mt/yr butadiene unit started simultaneously.

08-09-2022 16:53:00

China polyester filament market still under pressure

Shandong (JLC), May 23, 2022--The impact of the EU's sanctions on Russia's oil continued, and global oil demand improved.

05-23-2022 14:49:00

High butadiene prices undermine downstream margins in March

Shandong (JLC), April 21, 2022--China butadiene prices increased in March, and the high feedstock prices dragged down downstream production margins.

04-21-2022 00:00:00

Caprolactam losses intensify under high cost pressure

Shandong (JLC), March 28, 2022--Since late February, the upstream benzene market has gradually risen to a high level, while caprolactam has been dragged down by weak demand, and the market growth rate

03-28-2022 17:16:00

PX industry to eye improvement under new standard

Shandong (JLC), February 18, 2022--China PX industry will see further development under the new standard of energy conservation and carbon reduction.

02-18-2022 16:54:17

PET bottle chip margins undermined by high cost

Shandong (JLC), May 27, 2021--The production margins of Chinese PET bottle chip producers retreated to the break-even level in May and some producers suffered from losses, as drops in the product prices outpaced those in feedstock prices significantly.

05-28-2021 15:48:06

TDI market lackluster undermined by slack demand

Shandong (JLC), April 20, 2021--TDI prices have been on drops since March as weak downstream demand contributed to slack trading volume.

04-20-2021 15:14:51

China’s PTA market underpinned by improving fundamental

Shandong (JLC), April 9, 2021--Prices of purified terephthalic acid (PTA) presented an uptrend at the opening of April due to tightened supply and upward buying interest from downstream polyester plants.

04-09-2021 17:16:03

China’s MX market undermined by high port stocks

Domestic MX market remained slack on the whole in October, largely because port inventories were consumed slowly, though downstream PX plants raised demand.

10-29-2020 15:17:26

Methanol market slides under supply pressure

Shandong (JLC), July 27, 2020--In July, dragged down by the weak demand amid rain season and stricter pro-environment inspection, methanol market receded somewhat.

07-27-2020 08:52:48

No bullish factors to underpin China’s propylene market

China’s propylene market is anticipated to become lackluster in the week ended June 26 for the lack of support from crude market and downstream demand.

06-23-2020 16:34:07

Weak fundamental undermines China’s PTA prices

The fundamental in China’s PTA market stayed weak in the week ended June 11, with ample supply and weak demand. That offset the support from an increase in crude futures prices earlier of the week for PTA prices in domestic market.

06-16-2020 18:55:27

How textile producers survive under COVID-19

The cancellation of a large number of textile orders caused by COVID-19 brought a huge crisis to textile producers. How textile producers save themselves became a big problem.

04-23-2020 17:14:08

Polyester units to undergo maintenance with high inventory

From the statistical data, the overall inventory of the polyester market could be consumed for 33-44 days, and unit maintenance might be a better way to support price.

04-16-2020 17:19:59

Propylene market to remain under downward pressure (Part II)

Shandong (JLC), November 21, 2019--Propylene market will remain under downward pressure in the short run, as the supply is ample and downstream unit operating rates remain low.

11-21-2019 14:23:12

Propylene market to remain under downward pressure (Part I)

Shandong (JLC), November 21, 2019--Propylene market will remain under downward pressure in the short run, as the supply is ample and downstream unit operating rates remain low.

11-21-2019 14:21:13

2-EH price tendency forecast under continuous propylene reduction

Recently, China’s propylene price kept declining, and it had declined by over CNY 1,000/mt over one week. Thus, the propylene market was infused with pessimistic sentiment.

11-28-2018 13:45:57

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