Latest SZ China Reports Updates

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012 [Apr. 25, 2012]
• SZ China Natural Gas Quarterly Report Q1 2012 [Apr. 3, 2012]
• SZ China Refining Monthly Report-Mar’2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 16-31,2012 [Apr. 2, 2012]
• SZ China Natural Gas Bi-weekly Report Mar 1-15,2012 [Apr. 2, 2012]

• SZ China Natural Gas Bi-weekly Report Apr 1-15,2012
  [Apr. 25, 2012] 
• SZ China Natural Gas Quarterly Report Q1 2012
  [Apr. 3, 2012] 
• SZ China Refining Monthly Report-Mar’2012
  [Apr. 2, 2012] 

• SZ China LPG Prices Daily Alert May 15, 2012
  [May 15, 2012] 
• SZ China LPG Prices Daily Alert May 14, 2012
  [May 14, 2012] 
• SZ China LPG Prices Daily Alert May 11, 2012
  [May 11, 2012] 

[May 15, 2012] China news agency, Zhangzhou, May 14 (Liu Yongming and Zhang Wenyi) – the past few days, the petrochemical project in Gulei Port Economic Development Zone, Fujian Zhangpu County construction site, workers are scheduled to race against time to ensure

[May 7, 2012] Chinese shipping firms are making huge profits transporting Iranian petrochemicals after EU sanctions against OPEC’s second largest oil producer decimated the competition, ship brokers said on Friday.

[May 7, 2012] Players in Asian markets are bracing for the upcoming start-up of several new capacities, primarily in China and India, which will add just under 2 million tons/year to the region’s cumulative PP production capacity, as per the pricing service of ChemOrbis.

[May 2, 2012] China’s petrochemical industry expanded at much slower pace in the first quarter amid the economic slowdown, according to data released by the National Development and Reform Commission (NDRC) on Monday.

[Apr. 30, 2012] UOP LLC, a Honeywell (NYSE: HON) company, announced Wednesday that its UOP C3 ?and C4 Oleflex processes have been selected by China’s Shandong Chambroad Petrochemicals Co. to produce key petrochemicals.

[Apr. 27, 2012] Zhejiang Hengyi has signed a land lease agreement with the Brunei Economic Development Board (BEDB) for its Integrated Refinery and Aromatics Cracker Project in Brunei Darussalam.

[Apr. 27, 2012] China’s West Pacific Petrochemical Corp (WEPEC) offered around 28,000 to 30,000 tons of naphtha for late May loading after an absence of nearly four months, as per traders in Reuters. Scheduled for May 24-26 loading from Dalian, it comes at a time of tight suppliers amid strong demand.

[Apr. 27, 2012] UOP LLC, a Honeywell (NYSE: HON) company, announced Wednesday that its UOP C3 ?and C4 Oleflex processes have been selected by China’s Shandong Chambroad Petrochemicals Co. to produce key petrochemicals.

[Apr. 26, 2012] UOP LLC, a Honeywell (NYSE: HON) company, announced today that its UOP C3 -and C4 Oleflex? processes have been selected by China’s Shandong Chambroad Petrochemicals Co. to produce key petrochemicals.

[Apr. 26, 2012] Zhejiang Hengyi has signed a land lease agreement with the Brunei Economic Development Board (BEDB) for its Integrated Refinery and Aromatics Cracker Project in Brunei Darussalam.

[Apr. 25, 2012] Players in both China and Vietnam report that polymer demand in their respective countries has been slowed by weakness in the construction sector and slower than expected economic growth rates, as per Chemorbis. Both traders and converters complained that their sales have dropped significantly when compared with the same period in the past year as a result of the disappointingly sluggish economic environment.

[Apr. 23, 2012] Several large new PET capacities are set to come on-line in China this April and May. The country is expected to add a total of around 1.7 mln tons of new capacity in H1-2012, which will bring China’s total PET capacity to around 6.5 mln tpa, as per ChemOrbis. In 2011, the country consumed around 3 mln tons of PET, suggesting that much of the new capacity will be offered to the export market.

[Apr. 19, 2012] Badger Licensing LLC (Badger) announced that it was awarded a contract by Proper Year Petrochemical (Yangzhou) Co., Ltd. (PYPC) to provide its proprietary technology and process design services for a 60,000 metric tons per annum bisphenol A (BPA) plant in Yangzhou, Jiangsu Province, People’s Republic of China. The new BPA plant, which is scheduled for startup in 2013, will be integrated with PYPC’s cumene and phenol plants currently being constructed at the site and planned for startup in early 2012.

[Apr. 19, 2012] China has become the world’s largest and most important market for polycarbonates, BayerMaterial Science said on Wednesday during an international plastics and rubber industry exhibition.

[Apr. 18, 2012] Saudi Basic Industries, the world’s largest petrochemical company by market value, said profit declined for a second quarter in the three months to the end of March because of a slowdown in demand from China and high oil prices.

[Apr. 17, 2012] China’s xylene imports may have fallen from February as domestic players are currently saddled with high inventory amid weak demand, traders said on Monday.

[Apr. 17, 2012] Keyuan Petrochemicals Inc. (OTC: KEYP), an independent manufacturer and supplier of various petrochemical products in China, announced the Company’s financial results for the three and twelve months ended December 31, 2011.

[Apr. 17, 2012] Shaanxi Yanchang Petroleum (Group) Co. Ltd., China’s fourth largest oil producer, plans to invest RMB 2.5 billion ($396.05 million) in shale gas exploration and development by the end of 2015, Du Yan, director of Yanchang’s Strategic Planning Research Institute, told Interfax on Monday.

[Apr. 16, 2012] Keyuan Petrochemicals Inc. (OTC: KEYP), ("Keyuan" or "the Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced the Company’s financial results for the three and twelve months ended December 31, 2011.

[Apr. 13, 2012] Keyuan Petrochemicals, Inc. (OTCQB: KEYP) ("Keyuan or the "Company"), a leading merchant manufacturer of various petrochemical products in China, announced today that it has received a letter from NASDAQ regarding a permanent delisting of its stock. The Company’s stock will continue to trade on OTC Markets under the ticker symbol "KEYP".

[Apr. 13, 2012] Total Safety recently hosted executives from Sinopec Group, one of the largest Chinese state-owned petroleum and petrochemical enterprise group, at its La Porte, Texas, facility to lead a discussion on hydrogen sulfide (H2S) safety. The meeting was part of an initiative of the Houston Mayor’s Office of International Trade & Development

[Apr. 13, 2012] Sabic deepens the relationship with its Chinese partner Sinopec by building a common US $ 1.7 billion petrochemicals plant.

[Apr. 12, 2012] Genuine ups and downs, and a Chinese petrochemical private enterprises call for overseas expansion pronouncements.

[Apr. 11, 2012] Sinopec Zhanjiang Dongxing Petrochemical is planning to process 140,000 tonnes of crude in April, with the daily throughput down by 65.6% month on month, a company source told C1.

[Apr. 11, 2012] China Petrochemical Development Corp. (1314), a chemical producer, rose in Taipei trading after its board approved cash and stock dividend plans.

[Apr. 10, 2012] Sinopec SABIC Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260,000 tpa capacity, at a groundbreaking ceremony in the Tianjin Binhai New Area. CChina Petroleum & Chemical Corporation (Sinopec) and Saudi Basic Industries Corporation (SABIC) have earlier cooperated on an ethylene production project with a capacity of one million tpa.

[Apr. 10, 2012] Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it signed a Memorandum of Understanding to establish a strategic alliance with China Changjiang Bunker (Sinopec) Co. Ltd. (CCBC), a Chinese state-owned enterprise jointly owned by SINOPEC Sales Co., Ltd. and SINOTRANS & CSC. CCBC is one of China’s five state-certificated bonded bunker suppliers and among the largest bunker supply companies in China. The strategic partnership, which is expected to become effective during the second quarter of 2012 upon completion of final documentation, will enable Aegean to meet the marine fuel needs of its customers in mainland China.

[Apr. 10, 2012] China’s Zhejiang Hengyi Group is planning to build an 8m tonne/year refinery complex at Pulau Muara Besar in Brunei Darussalam that will include the country’s first aromatics production facilities, the chemical-fibre maker said on Tuesday.

[Apr. 10, 2012] Saudi Basic Industries Corp. announced on Friday that it has begun work on a $ 100 million technology center in Shanghai, focusing on alternative energy and new materials for the construction and auto sectors. The centre is part of a wider expansion that includes a polycarbonate production complex in Tianjin, a city in northeastern China as part of its joint venture with Sinopec, Asia’s biggest refiner.

[Apr. 9, 2012] Sinopec SABIC Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260,000 metric tons per annum capacity, at a ground-breaking ceremony in the Tianjin Binhai New Area. Previously, China Petroleum & Chemical Corporation (Sinopec) and Saudi Basic Industries Corporation (SABIC) had cooperated on an ethylene production project with a capacity of one million metric tons per annum.

[Apr. 9, 2012] Saudi Basic Industries Corp. (SABIC) yesterday announced a $100 million investment to build 60,000 sqm new Technology Center in Kangqiao, east of Shanghai.

[Apr. 9, 2012] Saudi Basic Industries Corp, or SABIC, the world’s largest chemical producer by market value, has kicked off construction on a research and development center in Kangqiao, Pudong New Area of Shanghai, with an investment of US$100 million.

[Apr. 9, 2012] Chinas polyester markets, which started to show signs of a recovery last week, made a downturn once again after a three-day holiday as polyester fiber inventory levels remained high, market sources said Thursday.

[Apr. 6, 2012] China Petrochemical Corporation (Sinopec Group) announced Wednesday that the corporation’s joint venture with Saudi Basic Industry Corporation (SABIC), Sinopec SABIC Tianjin Petrochemical Company Limited, celebrated the foundation laying of its 260,000 ton polycarbonate project in Tianjin, Global Times reported. The total investment of the project will be about 11 billion yuan ($1.75 billion).

[Apr. 6, 2012] China’s polyester markets, which started to show signs of a recovery last week, made a downturn once again after a three-day holiday as polyester fiber inventory levels remained high, market sources said Thursday. As a result, the sentiment in the purified terephthalic acid and monoethylene glycol markets weakened as demand for the two key polyester feedstocks fell again.

[Apr. 5, 2012] Sinopec Sabic Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260 kilo metric tonnes per annum capacity, at a ground-breaking ceremony in the Tianjin Binhai New Area. Previously, China Petroleum & Chemical Corporation (Sinopec) and Saudi Basic Industries Corporation (Sabic) had cooperated on an ethylene production project with a capacity of one million metric tonnes per annum.

[Apr. 5, 2012] Singapore state investor Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the $1.34 billion offering by PetroChina Co’s unit Kunlun Energy Co Ltd, two sources with direct knowledge of the deal said on Tuesday.

[Apr. 5, 2012] The arbitrage opportunity to move polyethylene cargoes from China to Southeast Asia is open, market participants say, but cargo flow is still limited. Linear low density polyethylene has been the main candidate for traders to move from Chinese bonded warehouses to Southeast Asia. The industry calls this practice "re-exporting."

[Apr. 5, 2012] Saudi Basic Industries Corp. , or Sabic, the Middle East’s largest listed company, said Tuesday its joint venture with China Petrochemical and Chemical Corp. SNP -1.39% , or Sinopec Group, to build a new polycarbonate plant at its petrochemical complex in Tianjin city will cost $1.7 billion.

[Apr. 5, 2012] Sinopec SABIC Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260 kilo tons per annum capacity, at a groundbreaking ceremony in the Tianjin Binhai New Area. Previously, China Petroleum & Chemical Corporation (Sinopec) and Saudi Basic Industries Corporation (SABIC) had cooperated on an ethylene production project with a capacity of one million tons per annum.

[Apr. 5, 2012] Sinopec SABIC Tianjin Petrochemical Company (SSTPC) laid the foundation for a polycarbonate production complex with 260,000 tpa capacity, at a groundbreaking ceremony in the Tianjin Binhai New Area. China Petroleum & Chemical Corporation (Sinopec) and Saudi Basic Industries Corporation (SABIC) have earlier cooperated on an ethylene production project with a capacity of one million tpa.

[Apr. 3, 2012] The petrochemical industry in China continued to slow down in the first two months, with its total output value rising at a slower growth of 16.3%year on year to RMB 1.73 trillion in the period, according to data from the China Petroleum and Chemical Industry Federation.

[Apr. 2, 2012] According to data from Chinese Customs, China’s polymer imports posted a noticeable rise in February 2012 from January 2012, as per ChemOrbis. With this monthly increase, the country largely compensated for the steep drop recorded in December 2011 and January 2012, largely due to the occurence of the weeklong Chinese New Year holidays in January this year instead of February as usual- resulting in depressed import figures for January.

[Mar. 30, 2012] Demand for petrochemicals from developing countries, especially China, will help the industry gradually recover from the recent global economic slump as well as alter dynamics in the sector for years to come, executives and observers said Wednesday.China

[Mar. 27, 2012]  Value Partners is betting aggressively on PetroChina Co Ltd and China Shenhua Energy Co Ltd in its flagship equity fund, part of its outsized bet on the world’s second largest economy.Renee Hung, deputy chief investment officer who helps manage abou

[Mar. 23, 2012] The Asia Biggest petrochemical refiner Sinopec claim in its Announcement  today that they will release over 10 billion Super&Short Commercial Paper next week.The time limit of this SCP will be 6 months.

[Mar. 22, 2012] Taiwan’s Formosa Petrochemical Corp has bought 100,000-150,000 tonnes of open-spec naphtha for first-half May arrival at lower premiums versus last week’s purchase, traders said on Thursday.Asia’s top naphtha buyer has bought the cargoes from four sellers

[Mar. 21, 2012] Shares of petrochemical companies in Asia were lower on Wednesday, in line with regional bourses, on concerns over demand amid a slowdown in China, the region’s biggest importer of petrochemical products.Among Japan’s petrochemical majors, JX

[Mar. 20, 2012] China Petrochemical Corp. (1314), the nation’s largest oil refiner, is cutting ethylene output this month and boosting fuel production to meet rising demand in the planting season.Five refining units, including Maoming, Yanshan and Zhongyuan, will r

[Mar. 19, 2012] As China more and more relies on the energy for its economy development, the scale and technology in petroleum and petrochemical industry meet rapid development. Acting as a wind wane of the global petroleum industry, cippe offers a platform for brand pub

[Mar. 16, 2012] In a surprising move, Pakistan Minister for Petroleum and Natural Resources Dr Asim Hussain confirmed on Thursday that the consortium led by the Industrial and Commercial Bank of China had expressed its inability to arrange funds for the Iran-Pakistan gas

[Mar. 16, 2012] President Asif Ali Zardari on Thursday said there was a great opportunity for the Chinese investors to take advantage of the special business and investment opportunities being offered by Pakistan.This he said during a meeting with Chairman Asia Investmen

[Mar. 16, 2012] The petrochemicals industry entered a transitional phase after the global economic slowdown in 2008-2009 that severely affected the growth of the industry. After experiencing difficult times during the downturn, petrochemical producers are now focusing on

[Mar. 16, 2012] China and NEW YORK, March 14, 2012 /PRNewswire-Asia/ -- China North East Petroleum Holdings Limited (the "Company") (NYSE Amex: NEP), announced that as previously announced onMarch 1, 2012, the Company discovered that the Securities & Exchan

[Mar. 16, 2012] China Petroleum & Chemical Corp. (Sinopec) will acquire overseas oil and natural gas assets from its parent and controlling shareholder China Petrochemical Corp. (Sinopec Group) to "avoid competition" between the two entities, Sinopec said i

[Mar. 15, 2012] Kunlun Energy Co. Ltd., a Hong Kong Stock Exchange-listed unit of China National Petroleum Corp. (CNPC), will show significant growth in 2011 net revenue and profit in its annual financial report to be released March 29, the company said in a filing with

[Mar. 15, 2012] Pakistan says the Industrial and Commercial Bank of China has "no more interest" in funding a project to build a natural-gas pipeline from Iran to Pakistan.A Pakistani Finance Ministry spokesman said on March 14 that the Chinese institution had

[Mar. 15, 2012] Taiwan-based China Petrochemical Development Corp. (CPDC) has resolved to relocate half of its overall production capacity to Jiangsu province, China to cope with the park-rezoning resolution by the government.The company made the move as the government h

[Mar. 15, 2012] Asian benzene prices fell $2/mt day on day March 14 to $1,190.50/mt FOB Korea as crude oil retreated, despite a rise in US benzene prices. Front month ICE Brent crude futures slipped $0.13/barrel day on day to $125.73/b at 4:30 pm Singapore time (0830 GMT

[Mar. 15, 2012] China Petrochemical Corp., the nation’s second-largest oil and natural-gas producer, will eventually transfer its overseas assets to China Petroleum & Chemical Corp. (600028) to avoid competing with the subsidiary.China Petrochemical, known as S

[Mar. 13, 2012] Pertamina unit business, Petrochemical Trading, hopes government build petrochemical refinery to supply the local needs. So far, Pertamina refinery is still mainly used for producing fuel.“Pertamina only takes 30 percent in national petrochemical in

[Mar. 13, 2012] Asian benzene rose $1/mt day on day to $1,195.50/mt FOB Korea March 12, tracking gains in crude oil and US benzene prices. Front month ICE Brent crude futures rose $0.30/barrel day on day to $125.53/b at 4:30 pm Singapore time (0830 GMT) March 12.But a tr

[Mar. 12, 2012] Iran has developed 69 plans to boost its petrochemical output from this year’s 54 million tons to 100 million tons in 2015, said Emam Khomeini Petrochemical Company Managing Director Hasan Taqavi Ganji.

[Mar. 9, 2012] Separate deals in China and the Middle East will have a value of $8 million to Graham Corp.    Graham Corp. Latest from The Business Journals William

[Mar. 9, 2012] The capital increase by the China Petrochemical Corporation (Sinopec) in the businesses of Portuguese oil company Galp in Brazil is scheduled for the last week of March, the chief executive of Galp, Manuel Ferreira de Oliveira said in London.Of the seven

[Mar. 9, 2012] Asia benzene prices rebounded March 8, ending four straight sessions of declines, as the energy complex spiked. The FOB Korea benchmark was assessed at $1,194/mt, up $4.50/mt from March 7. At 0830 GMT in Asia, April ICE Brent crude futures were at $125.08

[Mar. 9, 2012] China National Petroleum Corp’s crude oil throughput and oil products output were both more than 200,000 tonnes higher in February than planned, China’s second largest refiner said in a company-run newspaper.

[Mar. 8, 2012] AFTER going it alone for so long, BG Group may have to take a lower price for a stake in its Queensland Gas Company’s $US15 billion ($13.2 billion) coal seam gas project at Gladstone, analysts say.

[Mar. 8, 2012] Trial production will begin in June next year at a $4.6-billion refinery being built by China’s state-run Sinochem Corp in the coastal city of Quanzhou, the company’s chief said on Thursday, slightly earlier than planned.The 240,000-barrel-a-day facility

[Mar. 8, 2012] International sanctions have a patchy history, and Iran’s oil elite have been dodging them for decades. As Washington and its allies tighten the screws on Tehran, Iran is coming up with new ways to sell its oil

[Mar. 8, 2012] TEHRAN - Chinese companies have announced readiness to invest in 20 petrochemical plans in Iran, Fars news agency quoted Iranian Oil Minister Rostam Qasemi as saying, without giving any further details.

[Mar. 8, 2012] Construction of mammoth steel and refinery projects in Zhanjiang, South China’s Guangdong province, are well underway and will give the port city’s economy a huge boost

[Mar. 8, 2012] Asia benzene prices sank March 7 as crude oil futures fell while the arbitrage window to the US remained shut. Prices were assessed at $1,189.50/mt FOB Korea

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[Mar. 8, 2012]

[Mar. 7, 2012] China Petrochemical Corporation (Sinopec), one of China’s oil giants, announced Monday that the group has prospected an oilfield in Brazil with a daily output of 5,000 barrels of oil and 810,000 cubic meters of natural gas, Xinhua News Agency reported.The

[Mar. 7, 2012] The application of the China Petrochemical patented technology to build the world’s largest DCC device was put into operation in Saudi Arabia International online news (reporter Wang Kunpeng: reporter learned from China’s Sinopec, Sinopec deep catalytic c

[Mar. 7, 2012] Chinese companies have announced readiness to invest in 20 petrochemical plans in Iran, Fars news agency quoted Iranian Oil Minister Rostam Qasemi as saying, without giving any further details. He added that credits of the National Development Fund,

[Mar. 6, 2012] The booming demand for petrochemicals in China is encouraging joint ventures that demonstrate global co-operation, a new report by business intelligence expert GlobalData has found. The new report* found that companies from the developed world are working

[Mar. 5, 2012] China’s leading export refinery West Pacific Petrochemical Corp (WEPEC) plans a maintenance shutdown of a 2.5-million-tonne-per-year (tpy) fluid catalytic cracking (FCC) unit in March for at least a month, industry sources said on Friday.The sources said

[Mar. 5, 2012] China’s imports of most petrochemicals showed a downward shift in the preceding month. For instance, the ones of acetone fell by 37 percent from December. They were 57,796 tonnes, down by 30 percent year on year. Benzene imports reached 44

[Mar. 5, 2012] China’s Qilu Petrochemical has raised its 2-ethylhexanol (2-EH) offer by yuan (CNY) 100/tonne ($15.9/tonne) to CNY11,600-11,700/tonne EXW (ex-works), it said on Friday.The company lifted the offer in line with the increasing price of propylene in th

[Mar. 2, 2012] Korea-based petrochemical company SK Global Chemical Company has signed a deal with Sinopec Sichuan Vinylon Works (Sinopec SVW), a Chinese state-owned energy and petrochemical firm, and British Petroleum to build a CNY7 billion (USD1.11 billion) integrate

[Mar. 1, 2012] China will test methanol-powered cars in the provinces of Shaanxi (west) and Shanxi (north), as well as in the eastern municipality of Shanghai, in order to evaluate their environmental impact.The tests, which will be done for two or three years, will als

[Feb. 29, 2012] China’s toluene traders are choosing to accept higher inventory levels and incur tank costs rather than sell into the weak domestic market, industry sources said this week. "It’s a sticky situation now. The cost of imported toluene is very high.

[Feb. 29, 2012] Korea-based petrochemical company SK Global Chemical Company has signed a deal with Sinopec Sichuan Vinylon Works (Sinopec SVW), a Chinese state-owned energy and petrochemical firm, and British Petroleum to build a CNY7 billion ($1.11 billion) integrated

[Feb. 27, 2012] Daqing Petrochemical Company (China) took its 330,000 ton/year cracker offline, together with its derivative polyethylene facilities at Heilongjiang province for scheduled maintenance.15-day closure involved Daqing’s 65,000 ton/year low density poly

[Feb. 27, 2012] Jinling Petrochemical Corporation (China), a Sinopec’s subsidiary, took offline its 100,000 ton/year dioctyl phthalate facility due to tight feedstock 2-ethylhexanol supply. Dioctyl phthalate plant is located in east China.The facility being shut in

[Feb. 23, 2012] Sinopec Wuhan Petrochemical in Hubei province will probably boost its crude throughput by 70% in 2013, after restarting a 3.5m tonne/year crude distillate unit (CDU) in late 2012, a company source said on 22 February.The company is planning to restart the

[Feb. 23, 2012] A new ethylbenzene (EB)/styrene monomer (SM) project will be soon launched in the territory of China.Jiujiang Petrochemical, a local company, will operate the new plant. It will pay around CNY 663 (USD 105) million for it.The firm plans to initiate constr

[Feb. 23, 2012] China imported 400,133 mt of methanol in January, down 18.1% from December but up 1.9% year on year, according to data released Wednesday by Chinese customs.Iran remained China’s top methanol supplier in January, delivering 165,544 mt or just under half o

[Feb. 23, 2012] SK Group said on Wednesday it will take part in a project to build a major petrochemical complex in China with global petrochemical companies such as China’s Sinopec and British Petroleum.SK said it signed a preliminary deal with Sinopec and BP on W

[Feb. 23, 2012] Keyuan Petrochemicals Inc. (otcqb:KEYP), ("Keyuan" or the "Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced that it has signed a long-term supplier agreement with Shell Pet

[Feb. 22, 2012] China’s Daqing Petrochemical shut its 330,000 tonne/year cracker, along with its derivative polyethylene plants, at Heilongjiang province on Tuesday for regular maintenance, a company source said.Included in the 15-day shutdown are the company’

[Feb. 21, 2012] Jinzhou Petrochemical shut its 30,000 tonnes/year butadiene rubber (BR) plant over the weekend as the company’s margins are being eroded by the high cost of feedstock butadiene (BD), a source close to the company said on Monday.The plant at Jinzhou

[Feb. 20, 2012] Once concern Sichuan Petrochemical project is nearing completion. Recently, more than a staff of China PetroChina Sichuan Petrochemical Co., Ltd. told this reporter, ’can be put into operation by the end of 2012.’Sichuan Petrochemical project known as the

[Feb. 20, 2012] PetroChina Daqing Petrochemical is planning to start the construction of a 7m tonne/year crude distillation unit (CDU) in September, a company source said on Friday.With the unit on line by 2013, Daqing Petrochemical will close a 2.5m tonne/year CDU at it

[Feb. 20, 2012] The Chinese government’s expansionary fiscal policy along with the first signs of stabilizing petrochemical and plastic prices in China will lead to a better performance of the Chinese petrochemical sector in 2012 compared with 2011, Barclays Capital said

[Feb. 17, 2012] The Chinese government’s expansionary fiscal policy along with the first signs of stabilizing petrochemical and plastic prices in China will lead to a better performance of the Chinese petrochemical sector in 2012 compared with 2011, Barclays Capital said

[Feb. 15, 2012] Sinopec Shanghai Petrochemical ADR Representing Ord Shs Clas (NYSE: SHI)‘s stock had its “neutral” rating reaffirmed by Zacks Investment Research in a research report issued to clients and investors on Tuesday. They currently have a $42.

[Feb. 15, 2012] China has surpassed North America and Europe as the largest consumer of petrochemicals in the world, creating opportunities for joint ventures with US and European companies, a report by GlobalData has found. China has established itself as the frontrunne

[Feb. 14, 2012] China Petroleum & Chemical Corp or Sinopec has raised its ex-works prices for butadiene for the second time this week, this time by 8% in the eastern, northern and southern provinces.Its subsidiaries in East China, Sinopec Yangzi Petrochemical, Sinope

[Feb. 14, 2012] China’s Jiujiang Petrochemical, a subsidiary of Sinopec, plans to build an 80,000 tonne/year ethylbenzene/styrene monomer (EB/SM) plant at Jiujiang city in Jiangxi province, a company source said on Monday.The project will cost yuan (CNY) 663m ($105

[Feb. 14, 2012] Petrochemicals is one of the fastest growing segments in the chemical industry, registering double digit growth rate over the coming five years. There is a huge surge in the demand for petrochemicals across the globe. The demand for petrochemicals has gro

[Feb. 13, 2012] Qatar, which has become the world’s biggest liquefied natural gas (LNG) exporter over the last decade, will invest $25bn to expand and develop its domestic petrochemical and chemical industry over the next decade.       

[Feb. 13, 2012]  Saudi Basic Industries Corp. , or Sabic, and China Petrochemical and Chemical Corp. /quotes/zigman/269314/quotes/nls/snp SNP -1.36% , or Sinopec, have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol co

[Feb. 13, 2012] China has surpassed North America and Europe as the largest consumer of petrochemicals in the world, creating opportunities for joint ventures with US and European companies, a report by GlobalData has found. China has established itself as the frontrunne

[Feb. 7, 2012] Keyuan Petrochemicals, Inc. (otcqb:KEYP), ("Keyuan" or the "Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced that it has signed a cooperation agreement with Fangchenggang C

[Feb. 7, 2012] The China-based manufacturer Maoming Petrochemical provisionally suspended activity at its linear low density polyethylene (LLDPE) facility late last month. The outage resulted from a number of technical glitches at the unit.The plant was due to recommenc

[Feb. 7, 2012]  Shaanxi Yanchang Petroleum (Group) Co Ltd, a state-owned enterprise directly attached to Shaanxi Provincial government, plans to reap RMB 150 billion in sales revenue this year, sources reported.Of the total sales, RMB 2.8 billion is contributed fro

[Feb. 7, 2012] China’s gross industrial output value in the petrochemical and chemical field will reach about CNY 14 trillion, according to the petrochemical and chemical development planning that the Ministry of Industrial and Information Technologies (MIIT) lately iss

[Feb. 6, 2012] China’s demand for refined oil products will increase at an average rate of 5.5 percent annually in the five years through 2015, the Ministry of Industry and Information Technology (MIIT)said on Friday.Fuel demand is estimated to rise to 320 million tonne

[Feb. 6, 2012] China has mapped out a Five-Year Plan (2011-15) for the petrochemical industry that will see the country form as many as four refining bases in the coastal regions, each with a refining capacity of 20 million metric tons by the end of 2015.The country als

[Jan. 31, 2012] Keyuan Petrochemicals Inc. (otcqb:KEYP), ("Keyuan" or "the Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced that one of its production lines for Styrene-Butadiene-Styrene ("SBS") has commenced commercial production after successful trial production and testing in the fourth quarter of 2011.

[Jan. 31, 2012]  Below are the three companies in the Oil & Gas Refining & Marketing industry with the highest operating margin. A healthy operating margin is required for a company to pay for its fixed costs and generate cash.Longwei Petroleum (AMEX:LPH) is

[Jan. 30, 2012] The increase in crude oil prices that China’s gasoline and diesel prices are based on has topped a trigger point of 4 percent, an industry estimate showed, suggesting Beijing may consider raising fuel prices after its last hike in April.The weighted movin

[Jan. 20, 2012] China’s Keyuan Petrochemicals plans to start building a 400,000 mt/year acrylonitrile-butadiene-styrene plant in Guangxi province, in February, the company said late Thursday.The company Thursday signed a cooperation agreement with the Fangchenggang city

[Jan. 20, 2012]  Keyuan Petrochemicals, Inc. (OTCQB: KEYP), ("Keyuan" or the "Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced that it has signed a cooperation agreement with Fangchen

[Jan. 20, 2012] Sinopec Shanghai Petrochemical Co. (338), a unit of China’s largest oil refiner, fell the most in two months in U.S. trading after saying that 2011 earnings probably slid as much as 70 percent.American depositary receipts of Sinopec Shanghai decline

[Jan. 19, 2012] China’s top energy group CNPC signed a deal with Qatar Petroleum International and Royal Dutch Shell on Wednesday in Doha to build a refining and petrochemical complex in east China’s Taizhou, CNPC said on its website on Thursday.Partners will cooperate f

[Jan. 18, 2012] A chemical plant in northeast China that sparked huge protests last summer amid concerns about its safety has resumed production, despite earlier assurances that it would relocated.A local government official in the city of Dalian, who declined to be name

[Jan. 18, 2012] Keyuan Petrochemicals Inc. (OTC: KEYP), ("Keyuan" or "the Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced that the Company has added a board observer, Mr. Lei ("Micha

[Jan. 17, 2012] China is expected to import about 2.2m tonnes of fuel oil in January, up by 230,000 tonnes or 9% from C1 estimation for the previous month, down by 230,000 tonnes or 9% compared with the same period last year, C1 shipping fixtures showed.The imports of Ve

[Jan. 17, 2012] Saudi Basic Industries Corporation, or SABIC, and China Petroleum and Chemical Corp., or Sinopec, have signed an agreement in Riyadh to explore opportunities in new petrochemical projects, SABIC said Monday.The agreement also confirms the commitment of th

[Jan. 13, 2012] Shanghai Nanjiao Petrochemical Exchange has recently put a 128,000 cubic meters of oil product storage facility into operation at Zhoushan in east China’s Zhejiang province, a company source told C1 on Thursday.The terminal as the phase II project o

[Jan. 13, 2012] Output from China’s petrochemical industry will expand 31% to ¥11.2 trillion during the past year, the China Petroleum and Chemical Industry Federation predicted. Revenue from the industry is projected to rise 30% to ¥10.9 trillion and gross profi

[Jan. 13, 2012] Our country is the relative lack of oil resources and coal resource rich countries,dependence on imported oil,make internationalOil pricesThe every act and every move directly affect domestic prices. Turbulence in the international environment and the inc

[Jan. 13, 2012] The petrochemical industry in China is expected to have realized RMB 11.2 trillion of gross output last year, 31% more than that in 2010, according to figures from the China Petroleum and Chemical Industry Association (CPCIA).The industry’s core business

[Jan. 13, 2012] China’s petrochemical sector is expected to post a 31% y-o-y rise in the value of its output to Yuan 11.2 trillion (US$1.7 trillion) in 2011 when figures for the year are collated, as per the China Petroleum and Chemical Industry Federation reported by Xi

[Jan. 12, 2012] BASF and Sinopec recently inaugurated the $1.4 billion second phase of their integrated petrochemical site in Nanjing, bringing crucial chemicals to the China market that will support the development of more sustainable local industries. On the occasion o

[Jan. 12, 2012] Sinopec Jinling Petrochemical plans to process 1.08m tonnes of crude in January, with the daily throughput down by 2.7% from the previous month, a company source said.The drop was within a normal range, because the company has no tu

[Jan. 12, 2012]  China’s Sinopec SABIC Tianjin Petrochemical expects to produce only around 26,000 tonnes of linear low density polyethylene (LLDPE) in January, about 13% lower than usual, because of current low product prices, a source close to the company sa

[Jan. 12, 2012] Taiwan-based China Petrochemical Development Corp. (CPDC), one of the world’s top five producers of caprolactam, widely used in fibers and plastics, said recently that it plans to invest NT$30 billion (US$987 million) to build a phenol plant in China’s Ji

[Jan. 12, 2012] China’s petrochemical sector is expected to post a 31% year-on-year rise in the value of its output to Yuan 11.2 trillion ($1.7 trillion) in 2011 when figures for the year are collated, the China Petroleum and Chemical Industry Federation said Wednesday,

[Jan. 12, 2012] It is expected that the output of China’s petrochemical industry will show a year-on-year rise of 31 percent to 11.2 trillion yuan ($1.7 trillion) in 2011 when figures for the full year are collated, said the China Petroleum and Chemical Industry Federati

[Jan. 11, 2012] Germany’s BASF, a global leading chemical firm, announced Tuesday the completion of a petrochemical site worth $1.4 billion in East China’s Nanjing city with its local partner China Petroleum and Chemical Corporation (Sinopec). The petrochemical site is the second phase of their joint venture, BASF-YPC Co, which mainly focuses on developing technologies to produce downstream chemical intermediates and specialties for the Chinese market.

[Jan. 10, 2012] Kuwait Petroleum Corporation (KPC) Chief Executive Officer Farouk Al-Zanki’s just-concluded visit to China and Vietnam has taken Kuwait’s vital projects in the two countries many steps further, as the parties agreed on new approaches to deal with outstanding issues. Upon completion of the two projects, Kuwait will enjoy exporting additional 500,000 barrels per day (bpd) of crude oil to these rapidly-growing energy markets.

[Jan. 10, 2012] As per the terms of the China-ASEAN Free Trade Agreement, China and the ASEAN-6 nations (Indonesia, Malaysia, Thailand, the Philippines, Singapore and Brunei Darussalam) implemented another round of customs duty reductions at the start of 2012, as per ChemOrbis.

[Jan. 10, 2012] A joint venture between Royal Dutch Shell Plc’s China units and Tianjin State Farms Agribusiness Group Co will build a 200,000 cubic metre oil products storage facility in the northern city of Tianjin, a local development agency said.Tianjin Nangang Indus

[Jan. 9, 2012] State-run Kuwait Petroleum Corp., or KPC, and China Petrochemical Corp , or Sinopec, have moved closer to conclude an acceptable deal for implementing a $9 billion joint refinery and petrochemical project in China, state-run Kuwait News Agency, or Kuna, r

[Jan. 6, 2012] China Petrochemical Corp. (Sinopec Group), the country’s second largest oil company, continued to dominate the domestic oil products market last year, selling 151 million tons of gasoline, diesel and kerosene, according to statistics released by the energ

[Jan. 6, 2012] The latest talks between state-owned Kuwait Petroleum Corporation (KPC) and Sinopec moved the two corporations closer to secure an acceptable deal in the execution of USD 9 billion joint refinery and petrochemical project, KPC Chief Executive Officer Faro

[Jan. 5, 2012] China plans to set up its first state reserves for refined oil products this year, a person familiar with the situation told Dow Jones Newswires Wednesday.The move indicates Beijing’s growing sense of urgency to secure crucial energy supply for an expandi

[Jan. 5, 2012] Sinopec Corp’s Tianjin refinery and petrochemical complex plans to shut down the whole plant for 50 days’ turnaround from early September, a company source said on Thursday.The refinery, in north China’s port city of Tianjin, operates 300,000 barrels per

[Jan. 3, 2012] The outlook for Taiwan’s petrochemical and basic metal sectors next year will be dimmer than for other sectors, a Ministry of Economic Affairs (MOEA) official is reported in CNA. Most manufacturers expect to hit bottom in Q1-2012, but the petrochemical an

[Jan. 2, 2012] Formosa Petrochemical Corp plans to embark on maintenance at its 540,000 bpd refinery in H1-2012 to complete safety checks ahead of a government deadline, as per Reuters.The Taiwanese government has ordered the refiner to carry out comprehensive checks at

[Jan. 2, 2012] Sinopec Changling Petrochemical plans to process 620,000 tonnes of crude in January, with the daily throughput down by 6% from the previous month, a company source said.The company cut its throughput target in case of rising oil product stocks caused by t

[Jan. 2, 2012] Shandong province has eight independent refiners listed as China’s top ten independents in 2011, according to C1 research.Shandong Huaxing Petrochemical, Shandong Changyi Petrochemical, Shandong Dongming Petrochemical, Shandong Lijin Petrochemical,&

[Jan. 2, 2012] Dalian City authorities recently retracted their promise to relocate an unsafe chemical plant that has been the cause of a huge protest several months ago. Dalian residents are upset about the decision and plan to stage another protest.According to a Dec.

[Jan. 2, 2012] Sinopec Changling Petrochemical plans to process 620,000 tonnes of crude in January, with the daily throughput down by 6% from the previous month, a company source said.The company cut its throughput target in case of rising oil product stocks caused by t

[Jan. 2, 2012] The Ministry of Economic Affairs (MOEA) yesterday unveiled a new office set up with the goal of advancing the production value and environmental friendliness of Taiwan’s petrochemical industry. The state-run petroleum firm CPC Corporation also formed a st

[Dec. 30, 2011] Oxiranchem entered into a Joint Venture Agreement for cryogenic ethylene tankage with Dalian Chemical Industry Co., Ltd., ChangChun Plastics Co., Ltd., ChangChun Petrochemical Co., Ltd., Nanjing Port Co., Ltd. and Yangzhou City of Jiangsu.  Oxiranche

[Dec. 29, 2011] The commercial fuel oil inventory of major oil terminals in south China was at 1.61m-1.63m tonnes on Wednesday, down by 120,000 tonnes or 6.9% from a week ago, according to C1 research. The stock accounted for 59% of the total storage capacity of the term

[Dec. 29, 2011] Taiwan-based, China Petrochemical Company (CPC) has undertaken maintenance of its propylene plant from December 18.This was revealed to fibre2fashion by a CPC official who said, “The propylene plant was taken off-stream on December 18 and will be sh

[Dec. 28, 2011] PetroChina Co Ltd and China Petroleum & Chemical Corp (Sinopec) have signed an agreement with the Zhejiang government on six petrochemical projects worth 139.1 billion yuan ($22 billion), the official China Securities Journal reported on Wednesday.The

[Dec. 27, 2011] January LNG prices were Yuan 4,050/mt, up by Yuan 88/mt from last month. Rate of gasification was 1,495 cubic meters per ton.

[Dec. 27, 2011] China Petroleum & Chemical Corp. (600028), known as Sinopec, supplied a 3,000 metric-ton bunker cargo to a vessel at the port of Fujairah using BP Plc (BP/)’s network, China Petrochemical Corp., its parent company, said in statement on its website today. China Petrochemical signed an agreement in August to tap BP’s sales network to supply bunker fuel.

[Dec. 27, 2011] MALAYSIAN investors in China’s oleochemical industry are gaining from the rising demand for eco-friendly soaps and detergent as consumers there pursue better living standards, said Malaysian Palm Oil Board (MPOB) director- general Datuk Dr Choo Yuen

[Dec. 26, 2011] Mitsui Chemicals Inc. and China Petroleum & Chemical Corp. (Sinopec) have signed an agreement to establish a joint venture (JV) company for the production and distribution of ethylene-propylene-diene terpolymer (EPT).Demand for EPT is expected to cont

[Dec. 23, 2011] PetroChina Ningxia Petrochemical in northwest China started production at its 5m tonne/year refinery on 12 December, after expansion, and its major units are running normally, a company source said on 22 December.The company started up a 5m tonne/year cru

[Dec. 23, 2011] The value of China’s petrochemical output is expected to exceed ¥11 trillion this year, up 29% from 2010, the China Petroleum & Chemical Industry Federation said.The growth rate will be slower than last year as overall economic expansion is under

[Dec. 21, 2011] Continuous solid demand from Asia, particularly China and India, and increasing European appetite for the Middle East products will drive the region’s growth and absorb output from the new capacities, as per global management consulting firm AT Kearney.

[Dec. 21, 2011] Sinopec Jingmen Petrochemical Complex, China, schedules its 55,000 tn/year methyl tertiary butyl ether (MTBE) plant start at Jingmen, Hubei province by February 2012. Annual MTBE production capacity will grow to 110,000 tonnes after the new unit start.

[Dec. 19, 2011] It is reported that 33% of the 100 petroleum and chemical products monitored last week recorded week-on-week price increases while 42% posted decreases in prices.According to industry analysts, recovering demand and production limitations were some of the

[Dec. 19, 2011]  A leading petrochemical storage and logistics company in China-Sinopec Kantons Holdings Limited together with other subsidiary companies, is pleased to announce its signing of Acquisition Agreements with its parent company, China Petroleum & Che

[Dec. 15, 2011] Singapore-listed Sinostar PEC Holdings has postponed its proposed acquisition of Dongming Runchang Petrochemical Co, which owns a heavy oil conversion facility in east China’s Shandong province, due to the current "unfavorable market conditions and u

[Dec. 15, 2011] SIPPE, as a focal project of Shanghai Municipal Government and China Council for the Promotion of International Trade (CCPIT), is jointly hosted by Chinese Petroleum Society, CCPIT Pudong Sub-Council, Shanghai Petroleum Society, and organized by the Shang

[Dec. 15, 2011] The supply shortages of diesel in east, central, south and south-west China are expected to worsen on expectations of a possible hike in retail prices, supply limitations imposed by wholesalers, and transportation problems, reports Economic Information.A

[Dec. 14, 2011] Thirty-three percent of the 100 petroleum and chemical products monitored last week recorded week-on-week price increases, while 42 percent posted decreases in prices, reports Hexun.com, citing 100ppi.com.According to industry analysts, recovering demand

[Dec. 14, 2011] The Economic Information Daily (经济参考报消息) reported today that diesel shortages are once again effecting large swathes of the country, with long queues for limited supplies of diesel appearing at gas stations in central, eastern, southern and southwest Chin

[Dec. 13, 2011] China Petrochemical Development Corporation, CPDC (Taiwan), schedules new phenol and downstream facilities construction in China, Nantong, Jiangsu province. The company’s investment may reach USD 382 m or New Taiwan dollars (NTD) 11.5 bn. Yet, the construction plan is to be approved by both the government departments in Taiwan and Chinese Jiangsu province.

[Dec. 13, 2011] Weak economic situation in Asian ACN market provoked Jilin Petrochemical, a China-based company, to shut down one of its lines with the annual capacity of 106,000 tonnes in Jilin. Currently, the plant’s output is reduced by 25%. The line was restarted at the beginning of this month, though the producer planned to restart it at the end of October.

[Dec. 12, 2011] Qatar Petrochemical Co. (QAPCO) has awarded a contract to Chinese firm Tri-Tech Infrastructure to deliver a 5,760 m3/day thermal desalination unit for its Utility Plant at Mesaieed Industrial City in Doha.Valued at $8.3 million, the contract will see Tri-

[Dec. 9, 2011] Taiwan’s exports stood at US$24.68 billion in November, a decline of 8.7 percent from October, but a rise of 1.3 percent from the same period last year, reported the Ministry of Finance (MOF) yesterday. Imports were US$21.47 billion last month, a decline

[Dec. 7, 2011] China Knowledge quoted according to the latest statistics released by the National Development and Reform Commission that China saw its fixed-asset investment in the petrochemical industry surge 31% year on year to CNY 114.3 billion in October this year a

[Dec. 7, 2011] News Content:DATA: China’s Oct’2011 LPG Import & ExportLPG China Apparent Consumption Up 7% Monthly In Oct’2011 DATA: China Jan-Oct’2011 Naphtha Import & ExportChina Crude Oil Imports Account For 65% Of Consumption By 2015 Steady Growth Ahea

[Dec. 6, 2011] Zhejiang Shaoxing Sanjin Petrochemical has chosen Honeywell company UOP to provide technology for propylene production at its propane dehydrogenation facility in Shaoxing City, Zhejiang Province, China.The new propane dehydrogenation unit will use UOP’s C

[Dec. 6, 2011] Another Chinese producer has selected technology from UOP (Des Plaines, Illinois / USA) for its propylene project. Zhejiang Shaoxing Sanyuan Petrochemical (Shaoxing, Zhejiang/China) plans to build a propane dehydrogenation (PDH) plant in Shaoxing, Zhejian

[Dec. 6, 2011] A class action complaint was filed against Keyuan Petrochemicals, Inc. (OTC: KEYP) in the United States District Court for the Central District of California on behalf of all purchasers of Keyuan common stock from August 16, 2010 to October 7, 2011.Class

[Dec. 6, 2011] Methanol cargoes other than from Iran are attracting premiums of $5-10/mt on a CFR China basis due to tight supply because of plant shutdowns and payment issues due to sanctions on Iran, market sources said Monday.Bids for non-Iran cargoes are now around

[Dec. 6, 2011] Keyuan Petrochemicals Inc. /quotes/zigman/6896063 KEYP +4.97% , ("Keyuan" or "the Company"), an independent manufacturer and supplier of various petrochemical products in China, today announced the appointment of Dr. Jingtao Ma as the

[Dec. 5, 2011] Asia’s top refiner China Petroleum & Chemical Corp (Sinopec) and Korea’s SK Group signed a Memorandum of Understanding on strategic cooperation on Friday, including a joint investment on an 800,000 tonne-per-year ethylene project in central China.&quo

[Dec. 5, 2011] Singapore-listed Sinostar PEC Holdings has postponed its proposed acquisition of Dongming Runchang Petrochemical Co, which owns a heavy oil conversion facility in east China’s Shandong province, due to the current "unfavorable market conditions and u

[Dec. 5, 2011] UOP LLC, a Honeywell company, announced Thursday that it has been selected by Zhejiang Shaoxing Sanjin Petrochemical Co., Ltd. to provide key technology to produce propylene in China. The win marks the sixth time this year Honeywell’s UOP technology has been selected by petrochemicals producers to produce propylene, which is used in the production of materials such as films and packaging.

[Dec. 2, 2011] UOP LLC, a Honeywell company, announced Thursday that it has been selected by Zhejiang Shaoxing Sanjin Petrochemical Co., Ltd. to provide key technology to produce propylene in China.The win marks the sixth time this year Honeywell’s UOP technology has be

[Dec. 2, 2011] A privately-owned company in eastern China’s Zhejiang province says its six-billion-USD investment in a petrochemical plant in Brunei benefits both sides.The remarks are meant to dispel the scepticism that often triggers controversy and sometimes blocks o

[Dec. 2, 2011] Chinese firm Zhejiang Shaoxing Sanjin Petrochemical has selected Honeywell’s UOP to provide key technology to produce propylene in China.Honeywell’s UOP will provide its UOP C3 Oleflex process technology to the new propane dehydrogenation unit , which is

[Dec. 2, 2011] Honeywell International Inc.’s (HON - Analyst Report) group company, UOP LLC, has been chosen by Zhejiang Shaoxing Sanjin Petrochemical Co. Ltd to offer its key technology for producing propylene to the Chinese company. The deal provides a good oppo

[Dec. 2, 2011]  China’s petrochemical industry has reported sales revenue of 979.2bn yuan ($153.6bn) in the 12 months to October, equivalent to an increase of 27.3%.The figure is, however, down 5.7% from September.Of the 68 petrochemical products tracked, 34 record

[Dec. 1, 2011] Sinopec Anqing Petrochemical plans to refine 400,000 tonnes of crude in December, with the daily throughput down by 3.23% from the previous month to 13,000 tonnes, a company source said.The company set a lower target because of high inventory of vacuum ga

[Nov. 30, 2011] The reporter learned from the Sinopec/SABIC Tianjin Petrochemical Company located in the Dagang District of Tianjin that the company’s largest single ethylene installation in China reached its goal of annually producing 1 million tons of ethylene at 3:00

[Nov. 30, 2011] Saudi Basic Industries (SABIC), the world’s largest chemical producer by market value, plans to set up resin and engineering plastic compound factories in India and China, its chief executive told local media on Tuesday."There are no transport costs.

[Nov. 30, 2011] Year-on-year growth down by 5.7 percentage points from September.China’s petrochemical industry saw sales revenue of 979.24 billion yuan (US$153.6 billion) in the 12 months to October, up 27.3% YoY, as reported by the Shanghai Securities News.This figure

[Nov. 30, 2011] Taiwan-based China Petrochemical Development Corp. (CPDC), one of the world’s top five producers of caprolactam, widely used in fibers and plastics, said Tuesday that it plans to invest NT$30 billion (US$987 million) to build a phenol plant in China’s Jia

[Nov. 29, 2011] China continued to import strong volumes of major petrochemical products in September as prices of most commodities declined in the international markets amid softer demand coming from industrialized countries in the West, industry sources said on Wednesd

[Nov. 29, 2011] Xingda Group, one of China’s largest producers of expandable polystyrene, has lowered its total production rate from 75% to 50% of capacity in late November due to weak demand, a source close to the company said Monday.Xingda has a total production capaci

[Nov. 29, 2011] The petrochemicals industry in China recorded a 27.3 percent year-on-year increase in output to 979.24 billion yuan in October, with the growth rate down 5.7 percentage points from September, reports Shanghai Securities News.Most of the 68 products posted

[Nov. 29, 2011] Malaysia became the largest fuel oil supplier for China in October 2011, exporting 346,922 tonnes of fuel oil to the latter, according to the data from the General Administration of Customs.The imports from Malaysia grew by 70% month on month, the data sh

[Nov. 29, 2011] China accumulatively imported 2.85m tonnes of fuel oil from Malaysia in the first ten months of the year, down by 7% from the same period last year, data from the General Administration of Customs (GAC) showed.The imports accounted for 13% of China’

[Nov. 29, 2011]  As per reports and information from our sources.The United States plans to sanction Iran’s petrochemical industry, sources familiar with the matter said on Friday, seeking to raise pressure on Tehran after fresh allegations it may be pursuing nuclea