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Industry dynamics

Company news

Polypropylene exports focus on four major markets

2024-06-20

2024

06-20

Adhere to the integration of oil and gas and new energy development to accelerate the industry green low-carbon transformation

2023-12-27

2023

12-27

PetroChina Commemorates 10th Anniversary of "the belt and road initiative" and 30th Anniversary of "Going Global"

Carry forward the spirit of the Silk Road, shoulder the mission of oil and strive to write a new chapter of international energy cooperation in the new era.

2023-12-01

2023

12-01

Win customers with efficient service

2023-12-01

2023

12-01

Global and China Drilling Fluid Market Overview in 2023

2023-11-28

2023

11-28

Driving the energy industry on a greener path

2023-11-28

2023

11-28

Chemical giants cross the border into Huntsman to lift the aldehyde-free wave of China plate market

In the Internet age, the more cross-border business rivals come, the more dangerous they are. Just like Kodak, which made camera film, was quickly eliminated by smart phones, instant noodle giant Master Kong was hit hard by take-away food delivery. Sometimes, seemingly powerful industry leaders may be subverted by unexpected business rivals overnight. On June 4th, 2019, Huntsman Group, a global top 500 chemical giant, officially announced in Dongying, a major chemical town in China, that it would join hands with many local and international resources, including the Forest Products Industry Planning and Design Institute of the State Forestry and Grassland Bureau, to cross-border into the China board market: to build an automatic production line of polyurethane "formaldehyde-free plywood" and use polyurethane instead of formaldehyde as adhesive to produce formaldehyde-free plywood, so as to solve the formaldehyde pollution of plywood that has long troubled many users and improve the automation level of the industry in China.

2019-05-13

2019

05-13

China's right to use imported crude oil and the right to import crude oil will be gradually liberalized.

During the 13th Five-Year Plan period, the "dual rights" of the right to use imported crude oil and the right to import crude oil will be gradually liberalized, opening up a new situation of orderly competition.Zhi Luxun, deputy director of the Foreign Trade Department of the Ministry of Commerce, revealed that seven local refineries have been qualified to use crude oil and six have been granted the right to import crude oil.It is understood that this is only the first batch of enterprises, and the number of enterprises approved by the Ministry of Commerce in the future should be more than this number.Reference: Report on the analysis of the current situation of China's crude oil market and the forecast of its operation situation in the next five years.During the 13th Five-Year Plan period, the "dual rights" of the right to use imported crude oil and the right to import crude oil will be gradually liberalized, opening up a new situation of orderly competition.

2015-12-21

2015

12-21

Crude Oil Rebound and Chemical Products Meet "Breathing" Opportunities

International oil prices rebounded from their low on June 6, bringing relief to falling chemical futures.On Monday morning, the main force of domestic crude oil futures opened more than 4% higher, closing at 434.8 yuan/barrel, up 4.12% throughout the day.PTA futures, the weakest of the early chemical futures, also rebounded by 3.54%, boosted by stronger costs.As of yesterday's close, chemical futures rose almost across the board.Among them, fuel futures rose 2.88%, asphalt futures rose 1.78%, polypropylene futures rose 1.37%, methanol futures rose 1.93%.

2019-05-13

2019

05-13

Loss of Traditional Local Refinery Advantage, Shandong Local Refinery Seeks Technical Breakthrough

Recently, Honeywell announced that Shandong Tianhong Chemical has selected Honeywell UOP's C3Oleflex propane dehydrogenation (PDH) technology to produce polymer grade propylene at its plant in Dongying City with an annual output of 250000 tons.Previously, local refineries such as Wantong Petrochemical and Qirun Chemical, also located in Dongying, were also exploring new equipment and technology to upgrade.

2018-07-16

2018

07-16

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