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INEOS and Sinopec sign shareholder agreement for Tianjin ABS plant

Guangzhou (JLC), September 8, 2023 – Sinopec and INEOS signed a shareholder agreement on August 30 for the formation of a 50:50 joint venture to build a 300,000 mt/yr ABS plant in Tianjin.

09-08-2023 16:02:32

BOPP tape jumbo roll plants suffer poor profit on oversupply

It is predicted that BOPP tape jumbo roll prices will go range-bound in the near future

11-30-2022 16:14:09

Operating rate of EVA plants hits record on high margins

Shandong (JLC), September 16, 2022---The operating rate of EVA plants hit a record in August amid high margins.

09-17-2022 16:46:00

Sichuan and Chongqing shut plastic plants on power shortage

The operation of plastic plants as well as other plants in Sichuan province and Chongqing City has been largely suspended amid power rationing, as power supply has been tightened by drought.

08-18-2022 17:51:16

China's PE plants suffer pressure of pandemic, high cost

In March, the pandemic pressure and geopolitical tension made China PE market enter a stalemate with strong cost-side support but weak demand. The market was filled with cautious sentiments.

03-22-2022 18:21:39

N China-based PE plants cut operating rates on losses

Many PE plants cut operating rates or shut units down in North China, as the high crude price squeezed their profits, or even made PE plants run at a loss.

03-16-2022 17:03:43

Hydrogenated benzene plants enjoy good profit on low operating rate

The profit of China’s hydrogenated benzene plants increased in current days and the theoretical profits were in the range of CNY500-700/mt. But the prices trend was in a stalemate in current days.

03-17-2021 14:49:25

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

PP powder inventory in plants picks up

PP powder inventory in plants is expected to pick up after the National Day holiday (October 1-8). However, considering the pre-sales factor and the influence of the low inventory of some plants, the increase in plant inventory is limited, which is far less than that in Sinopec and PetroChina.

10-09-2020 17:28:47

Operating rates of PP powder plants hit new low

The operating rate of PP powder producers hit a new low of 36% in two years.

03-18-2020 11:02:56

Operating rates of PP plants increase

The operating rates of PP plants kept increasing, amid the improving control of the novel coronavirus pneumonia (NCP) and the macro support, as well as the local governments’ policies for encouraging the restart of production and operation. Moreover, PP market prices once rebounded accordingly.

03-11-2020 17:32:57

Operating rates of PE plants increased amid more orders

After the Spring Festival holiday, the falling PP prices spurred the restocking activities, and this led to declines in PP inventories. The PP prices rebounded from the bottom level and operating rates of PP units increased amid stronger demand.

02-22-2020 21:58:19

China PP plants' operating rate increases

02-21-2020 19:16:19

China PP powder plant profit analysis

In 2019, the profits of PP powder plants increased a lot against 2018. The high gross profits appeared in February-mid-May, September, and October-November, while the low profits appeared in January and late-May-mid-September.

11-26-2019 16:18:08

CNCEC to build 1 mln mt/yr JV PA66 plant in Shandong

China National Chemical Engineering Co Ltd (CNCEC) and its subsidiary China Tianchen Engineering Corporation (China Tianchen) and Qixiang Tengda jointly invested to set up the Tianchen Qixiang New Material Co Ltd (Tianchen Qixiang) in Shandong Province to produce polyamide 66 (PA66).

08-21-2019 15:21:07

Poor profits of PP powder plants on weak demand, high production cost

The profits of PP powder plants declined amid high production cost and weak demand, and some companies even ran at a loss.

06-28-2019 16:17:13

Analysis of profits of PP powder plants

The market trends of PP powder and propylene were both depressed by the weak demand, though the crude market and macroeconomic environment still provided support for the possibility of price increase.

04-11-2019 19:01:04

Operation Suggestions to PE Manufacturers, Traders and Downstream Plants

For downstream plants, it will be better for them to maintain low inventory level and purchase on a need-to basis. Since the PE capacity will increase in 2019, this will provide ample PE resources to the downstream plants.

01-09-2019 17:18:47

DBP plants face heavy sales pressures amid intensifying environmental protection

China dibutyl phthalate (DBP) market kept sagging from mid-May to mid-June. Though the market has somewhat bottomed out on the back of a bullish feedstock market this week, it is lack of the upward impetus.

06-22-2017 15:57:50

Latest plastic inventory at petrochemical plants and ports

China petrochemical and plastic inventory vibrated in downward trend since May in 2016. In particularly, the market had limited increase before the National Day Holiday, and petrochemical inventory declined by 210,000 mt or 27% to 555,000 mt

10-12-2016 13:48:00

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