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China's Solvent-Grade Mixed Xylene Demand Halts

Apr 16, 2017

Demand for solvent-grade mixed xylene has come to a near standstill this week as the product shares the same code for imports as mixed aromatics, which is expected to have a consumption tax imposed some time between May 1 and July 1, market ...

Tags: mixed xylene, mixed aromatics

China's Apparent Oil Demand up 5.3% in 2017

Apr 8, 2017

China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance ...

Tags: oil demand, Oil products

Butadiene-Naphtha Spread Hits 7-Year High

Jan 30, 2017

The Asian butadiene-naphtha price spread hit a seven-year high of $2,557.38/mt CFR last Friday amid extremely tight supply globally and strong demand for downstream products such as styrene-butadiene-rubber, SB latex and ...

Tags: Butadiene Naphtha, styrene

Chinese Ferrosilicon Offers Remained High

Sep 11, 2016

While Chinese ferrosilicon offers remained high from rising Chinese semi-coke prices, offers heard have moved lower in Japan on thin trade, sources said. The Chinese 75% Si ferrosilicon price assessment was unchanged week on week at ...

Tags: ferrosilicon, semi-coke

Smartphone Vendors Crossing Into Notebook Market

Jul 19, 2016

China-based Huawei and Xiaomi have entered the notebook market and Korea-based smartphone brand vendors Samsung Electronics and LG Electronics are also releasing products for the market. Sources from the upstream supply chain have commented ...

Tags: Smartphone, Notebook

China PetroChina Takes on Fuel Oil Storage Tanks

Apr 1, 2016

Major Chinese trader PetroChina Singapore has leased fuel oil storage tanks at Port Klang, Malaysia, with intentions to develop that hub into a bunker fuel supply outlet, said trade sources Thursday. Fuel oil storage capacity at the Port ...

Tags: PetroChina, fuel supply, Fuel oil

Lombok Explores Sale

Mar 16, 2016

According to market sources, independent multichannel retailer Lombok, best known for its exotic, colonial-styled furniture, is currently exploring the possibility of a sale, with the aim of funding a series of ambitious growth plans. ...

Tags: Multichannel retailer, Lombok, Furniture, Sale

Chinese Independent Refiners Step up Gasoil

Feb 21, 2016

China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...

Tags: independent refiners, gasoline

CISA Tells China Iron Ore Importers to Keep Close Eye on Steel Credit Crunch

Dec 18, 2015

China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...

Tags: iron ore, Steel

FOB Singapore 500 Ppm Gasoil Cash Differential Nosedives Into Discount on Supply Glut

Dec 18, 2015

The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...

Tags: Gasoil, sulfur gasoil

East Timor's Kitan Condensate No Longer Available as Field Reaches End of Life

Dec 15, 2015

East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...

Tags: ultra-light oil field, condensate, crude

Venezuelan Polypropylene Producer Eyes Pair of Expansion Projects: Source

Dec 2, 2015

Venezuela's polypropylene producer Propilven is considering an expansion project and a new line at its Ana Maria Campos petrochemical complex, a source with knowledge of company operations said Monday. "The short-term project under ...

Tags: Propilven, Polypropylene, homopolymer

Indian State Karnataka to Launch LED Bulbs Scheme Next Month

Nov 25, 2015

The capital of Indian State Karnataka will initiate its LED bulb scheme from Dec. 11, 2015, according to a report from The Times of India. The project to be launched in Mysore will replace 60 million traditional bulbs with LED bulbs to ...

Tags: LED Bulbs

NWE Monoethylene Glycol Prices Stabilize After Spike

Nov 25, 2015

The recent surge in monoethylene glycol prices came to an end last week, as market activity slackened amid limited availability and buyers' hopes that prices will ease. Spot prices were assessed Friday at Eur950/mt ($1,010/mt) FCA NWE and ...

Tags: glycol, diethylene glycol, feedstock EO

Analysis: Asian Styrene Monomer Margins at Narrowest in 11 Months on Firm Ethylene, Tumbling Sm

Nov 25, 2015

Margins for non-integrated styrene monomer producers in Asia shrank to their narrowest in 11 months Monday due to firm feedstock ethylene and tumbling SM market amid weak demand season in the fourth quarter. The margin was calculated at ...

Tags: styrene, benzene, polystyrene

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