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Inner Mongolia’s methanol supply may reduce on energy consumption control

Inner Mongolia, one major methanol production region in China, stipulated to strengthen its control on energy consumption increment and intensity in the 14th Five Year Plan period (2021-2025), which may reduce the local methanol supply, coupled with the spring maintenance from March to May.

03-02-2021 10:56:14

China MEG price to extend uptrend in March

China’s monoethylene glycol (MEG) price is expected to extend uptrend in March, responding to the high operating rate of the downstream polyester industry, crude value gain and port inventory reduction, JLC prospects.

03-01-2021 16:18:00

China ethanol price rises to a year’s high

China’s ethanol market price rose to a year’s high at CNY7,250-8,000/mt on February 24, responding to the growing cost, compared with the price of CNY6,625-7,700/mt at the beginning of this year.

02-25-2021 10:45:02

China’s Feb methanol imports may shorten

Shandong (JLC), February 24, 2021—China’s methanol imports in February is expected to shorten to 850,000 mt curtailed by the 7-day Chinese New Year holiday, down by about 50,000 mt from the estimated 900,000 mt in January, based on JLC shipping data.

02-24-2021 17:06:14

China MEG price surges after the holiday

China’s monoethylene glycol (MEG) price surged after the Chinese New Year holiday (February 10-17), attributed to higher crude value, less imported cargoes and price gain of downstream products, JLC reports.

02-23-2021 17:09:06

China octanol price hits 8-year record high

As of February 18, the first working day after the Chinese New Year holiday, China’s octanol price in East China closed at CNY12,000/mt, hitting eight year record high and up by 15.9% from February 10, JLC data shows.

02-19-2021 14:31:37

China MMA price surges after the holiday

As of February 18, the first working day after the Chinese New Year holiday, China’s MMA price closed at CNY13,250/mt, up by 10.4% from February 10, JLC data shows. The price rise was attributed to limited supply caused by intensive maintenance and large export demand.

02-18-2021 16:52:53

China CTO capacity growth slows down in 2020

The capacity growth of China’s coal-to-olefin (CTO) industry slowed in 2020. It declined from the 22% in 2019 to the 5.84% in 2020, JLC data shows.

02-18-2021 15:12:05

Top 5 organic chemicals with largest exports in 2020

Of the 41 organic chemical products monitored by JLC, the top 5 with largest exports in 2020 are all products on the chemical fiber industrial chain, according to JLC.

02-01-2021 15:17:46

China octanol exports plunged in 2020

China’s octanol exports of 2020 plunged by 52.24% from 2019 to 9,600mt, attributed to the strong domestic demand from the dioctyl terephthalate (DOTP) segment in the wake of the covid-19 outbreak which sharply increased the glove demand, according to JLC.

01-26-2021 15:02:13

Four new ECH plants to come online in 2021

China will put four new epichlorohydrin (ECH) plants into production in 2021, which will result in overcapacity in China ECH industry, according to JLC.

01-25-2021 10:41:36

China benzene output will grow significantly in 2021

China’s benzene output is expected to grow significantly in 2021, backed by China’s intensive expansion of refining & chemical complex, according to JLC.

01-21-2021 15:23:55

MEG price extends uptrend on cost support

China saw continuous price rise of monoethylene glycol (MEG) since November 13 of 2020, driven up by feedstock price gain. As of January 14, 2021, the MEG market price in East China read CNY4,425/mt, up by CNY 625/mt or 16.5% from November 13, 2020, JLC data shows.

01-14-2021 14:56:28

China’s PTA output to increase in Sept-Oct

China PTA output is expected to increase in Sept and Oct.

09-21-2020 18:20:04

Sinopec to increase ethylene output in 2H

China’s biggest refiner Sinopec plans to increase its daily ethylene output in the second half (2H) of this year, aiming to help maximize operation margins at its refining & chemical complexes.

08-31-2020 18:12:17

China to add more MEG production capacity

China’s monoethylene glycol (MEG) supply is expected to further increase in the coming months, adding downward pressure from increasing supply on domestic MEG prices.

08-25-2020 18:14:29

China becoming PTA net exporter

China is turning to be a PTA net exports.

08-17-2020 17:41:46

China’s PTA inventory hits record high

China’s PTA inventory hit a record high in early-August, as slightly lower operation rates at domestic PTA plants failed to revise oversupply in local market.

08-10-2020 18:10:12

August to see intensive PTA unit overhauls in China

Except for the already shut-down 7 PTA plants (total capacity at 5.665 mln mt) at present, another 7 PTA plants with total capacity at 8.8 mln mt/yr plan to take maintenance in August under the pressure of rising social inventory.

07-31-2020 13:50:29

China propylene prices retreat after 4-mon gain

China’s propylene prices retreated on July 23 after a four-month consecutive gain.

07-24-2020 18:15:55

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