China

Nov 14th, 2017

Global Suppliers Keep Raising Prices of Sulfur

Sulfur prices continue to grow in many different regions of the world. The price increase was announced by such major Middle Eastern producers of sulphur as Qatar petroleum state-owned Qatar Petroleum, oil and gas state-owned Abu Dhabi National Oil Company (ADNOC, UAE) and Saudi trading company Aramco Trading. As a result, the November official selling […]...

Nov 7th, 2017

Chinese Anti-Dumping Policy For The Global Suppliers Of Polymers

The suppliers from Thailand, Malaysia and the Republic of Korea sell polyformaldehyde copolymer to China at knock-down a price, which is significantly detrimental to the local industry. On establishing the fact of dumping from these countries, the Ministry of Commerce of China announced the decision of imposing anti-dumping duties on polyformaldehyde copolymer imports from these […]...

Oct 31st, 2017

Ban On Paraquat and Chlorpyrifos across the Globe Will Be Devastating For Chinese Pesticide Production

Thailand is going to inhibit the use of paraquat and chlorpyrifos pesticides in 2019. The Ministry of Agriculture of Thailand has already stated that it will join other countries that have banned the use of these pesticides after the current chlorpyrifos and paraquat licenses expire. For the present, 50 countries have banned this chemical, as […]...

Oct 23rd, 2017

China Prioritizes Buying Russian Fossil Fuels

Countries, the members of the Asia Pacific economic cooperation (APEC) are increasing the purchase volumes of hydrocarbons from Russia. This primarily concerns China the supply of which grew by 38.5 %, and the total sales to Asia Pacific customers increased more than by 33 %. The Federal customs service of Russia (FCS) reports that the […]...

Oct 16th, 2017

China Is Back As the Leading Consumer of Specialty Chemicals

In 2016 the specialty chemicals global market is estimated at $ 556 billion, the key performance drivers of which are the increasing purchasing power of the Chinese spending group and strong demand for personal electronics across the globe. According to the latest IHS Markit research, global specialty market is underway towards growth. The agency views […]...

Sep 19th, 2017

Butadiene Price for Domestic Consumers Hikes in China

The ICIS source reports that China Petroleum & Chemical Corp. (Sinopec), a major Chinese refiner in Asia, since September has raised the domestic price for butadiene by CNY400 (USD62). The price rise, fixed on Ex Works levels (EXW), will affect eastern and northern regions of China. A Chinese EXW revealed that ex-works butadiene price for […]...

Sep 12th, 2017

China: A Wide Gap between Propylene and Ethylene Exports and Imports

The imports of propylene and ethylene in China are oppositely directed. The national customs reports that the import of propylene has dropped by 27% while ethylene supply to the country has increased by 45%. In 2016 ethylene import was far less than in 2017. For today, China has imported nearly 180 thousand tonnes of ethylene, […]...

Sep 5th, 2017

The Price Hike for Vinyl Acetate Monomer in Asia

With the reference to the market source, ICIS reports that price for vinyl acetate monomer (VAM) across Asia has advanced at a four-digit level which was last witnessed in 2015. First off, the price for a key raw material for ethylene vinyl acetate production has grown due to the limited raw material supply and its […]...

Aug 29th, 2017

The Most Attractive Industrial Gas Markets to Invest

India and China are two greatest chemical hubs in Asia are considered to be huge off-takers of the industrial gases within the next three years. The Business Research Company (TBRC) reports that nitrogen and oxygen will be the most demanded gases in these regions. For today, China is a breeding ground for many overseas investors. […]...

Aug 21st, 2017

China Is Stepping Up Production of Fungicides against the Growth of the Bacterial Diseases

China has restricted the use of copper-containing fungicides, due to the fact that being produced inorganically, they harm the plants. The market of copper-containing fungicides is the sixth largest market for fungicides in the world with $600 million turnover and more than 100 years of experience. In recent years, fungicides have been competing with organic […]...

Aug 14th, 2017

Massive Overproduction Brings Pressure upon Global Carbamide Pricing

Yara International, a key global producer of nitrogenous fertilizers headquartered in Norway, warns about a sustained retreat in prices for carbamide caused by the sweeping overproduction. It will mean the reduction of margins and profits below the market expectations. Despite China had reduced the exports by 32% (over 11 million tonnes), the restoration of profits […]...

Jul 26th, 2017

Gas Price Raising in North Korea: Foreign Producers Have Reduced Supplies

The current prices of gasoline and diesel fuel in North Korea are much higher than in the last month. According to Reuters’s investigation and the evidence of the North Korean defector, the price has increased dramatically due to the fact that China National Petroleum Corp (CNPC), a Chinese state – owned oil supplier, stopped selling […]...

Jul 18th, 2017

China Reduces Imports of Crude Oil in Q3 2017

Leading Chinese refineries reduce production for the summer period. Specifically, in the third quarter, 10% of the national production capacity will be closed. This is primarily due to the growth of electricity consumption plus a large number of accumulated petroleum products. China is the leading importer of crude oil, but currently, there is a decrease […]...

Jul 5th, 2017

Methanol Market Prospects For Global Producers

On 20-21 June CREON Chemicals and Methanol Market Services Asia (MMSA) held XII international conference “Methanol 2017” devoted to the problem of methanol production, advanced technologies and new projects in this area and the issues of supply and demand across the globe. Air Liquide and Agency COMMUNICATIONS were the partners of the event. Global methanol […]...

Jun 28th, 2017

ChemChina and EuroChem Will Jointly Produce Propylene Oxides and Isocyanates at Russian Facility

EuroChem Group AG, a leading producer of mineral fertilisers in the globe has signed a memorandum with ChemChina, the major chemical company in China. The memorandum declares the idea of partnership and the creation of joint production of industrial products in Russia. The initiative got the name PROJECT. The parties agreed to form a technical […]...

Jun 12th, 2017

U.S. And Chinese Companies Will Jointly Promote the Projects on Methanol-Based Production of Olefins

Wison Engineering Ltd., Shanghai, China, a subsidiary of the Wison Engineering, starts a joint project for the production of olefins on the basis of methanol. The company signed a contract with Honeywell UOP, U. S. The companies-partners give the overseas customers the opportunity to purchase logistics, project services and technologies for the production of methanol-based […]...

May 16th, 2017

Chinese Chemists Can Convert Carbon Dioxide and Hydrogen into Fuels

The journal Nature Communications told about the breakthrough of Chinese scientists in fuel generating who have learned to turn carbon dioxide (CO2) and hydrogen into the hydrocarbon mixture by means of the catalyst with ferrum-based nanoparticles. Gas, oil and coal, the drivers of rapid economic and social development of the world’s civilisation within the last […]...