Source: Sinochem New Network April 18, 2019 Sinochem New Network News On April 10, US tire manufacturer Goodyear Tire & Rubber Company announced that it plans to invest US$36 million (approximately RMB 250 million) in its The plant in Colmarberg, Luxembourg, increases the production of OTR tires and improves the process. However, Goodyear did not disclose specific capacity growth figures. David Anckaert, Vice President of Goodyear Europe’s commercial tire business, said:\"For our overall business operations, this important investment will enable us to better meet the growing demand and provide a full range of high-quality trucks and non-trucks. Tire products and comprehensive mobile solutions are better for customers' daily operations on site. Due to the expansion of mining and construction businesses, as well as the development of ports and industrial fields, the demand for high-quality engineering OTR tires continues to increase Read More

Source: Ministry of Commerce website August 27, 2019 Almaty, September 26th, Kazakhstan Ministry of Trade and Integration released a message that Kazakhstan will be in the Eurasian economy Under the framework of the Union, quota protection policies are implemented for imported hot-rolled steel. According to 　　 news, Kazakhstan set an import quota of 12029 tons for hot rolled steel products, and will impose a 20% tariff on imported products that exceed the quota. The above quota will take effect from December 1, 2019. Quota and tariff policies do not apply to hot-rolled steel imported from developing countries, least developed countries (except North Korea), and parties to the CIS free trade agreement (except Ukraine). Under the quota framework, Kazakhstan still plans to import rolled steel products that its country cannot produce.　　The Ministry of Trade and Integration of Kazakhstan stated that in the context of the trade measures adopted by the United States and the European Union, the implementation of special quotas will help protect the Kazakh domestic market and Kazakh commodities Read More

Source: China Chemical Industry News April 18, 2019 Sinochem New Network News market participants recently pointed out that a series of international issues and production and supply issues are putting pressure on the US methyl ethyl ketone (MEK) market, and the US MEK price will be in the rest of 2019 Continue to maintain uncertainty.　　 It is understood that the United States does not produce MEK, and its MEK supply comes from Europe, South Africa and Asia. Among them, MEK from the UK accounts for about 30%. Therefore, Brexit has increased the uncertainty of the US MEK market.　　Asian production problems also have an impact on US MEK. Recently, many MEK factories in the Asian region have encountered force majeure, and their supply has been limited. It will not resume until at least June. This may not only deplete the stocks prepared by producers in response to Brexit, but it may also cause changes in trade flows. Because of the limited supply of MEK in Asia, local prices are rising, which may increase Europe’s Read More

Source: Ministry of Commerce website August 27, 2019 Almaty, September 26th, Kazakhstan Ministry of Trade and Integration released a message that Kazakhstan will be in the Eurasian economy Under the framework of the Union, quota protection policies are implemented for imported hot-rolled steel. According to 　　 news, Kazakhstan’s import quota for hot rolled steel products is 12029 tons, and 20% tariff will be imposed on imported products that exceed the quota. The above quota will take effect from December 1, 2019. Quota and tariff policies do not apply to hot-rolled steel imported from developing countries, least developed countries (except North Korea), and parties to the CIS free trade agreement (except Ukraine). Under the quota framework, Kazakhstan still plans to import rolled steel products that its country cannot produce.　　The Ministry of Trade and Integration of Kazakhstan stated that in the context of the trade measures adopted by the United States and the European Union, the implementation of special quotas would help protect the Kazakh domestic market and Kazakh commodities. Read More

Indonesia, Malaysia: protest against EU biofuel countervailing duty Read More

Author: Yan Chun Wing Source: China Chemical Industry News September 27, 2019 the park, chain, green, high-end photo shows the direction of China Coking Industry Technology Development Forum site. (Photo by Yan Junrong) 　　 Xinhua News, September 26, 2019 (Seventh) China Coal Coking Industry Technology Development Forum was held in Taiyuan, from domestic coking, tar research institutes, universities, engineering design institutes and production The representatives of the enterprise discussed the hot spots and difficulties in coal coking technology and market development. The meeting believed that under the guidance of the ecological green development policy, the coking industry has entered a critical development period, and high-quality development is promising. \"Over the past 70 years, China's coking industry has taken the road of taking off from small to large and weak to strong. In 1949, China's coke output was only more than 500,000 tons, and all the process equipment used relied on imports. In 2018, the national coke output reached 4.38 Billion Read More

Source: China National Chemical News, August 26, 2019 　　 Shell Energy Australia has recently stated that it will acquire all shares of Australian power retailer ERM for 617 million Australian dollars (approximately 417.2 million US dollars). The move underscores the growing investment of global oil and gas companies in the power and alternative energy markets, which is in line with their long-term strategy of diversifying their oil business.　　 Shell said it plans to become the world's largest power company in the next 10 years. ERM is the second largest energy retailer in Australia by load and generates electricity at two gas-fired power plants, Oakey, Queensland and Neerabup, Western Australia. Shell is an important natural gas producer in Australia and recently launched its Prelude FLNG offshore plant. The plant is one of the most anticipated LNG export projects in the world and the largest floating container. The investment in gas power generation is for this Read More

Source: China National Chemical News August 26, 2019 As the United States has a wealth of low-cost natural gas liquid (NGLs) raw material advantages, American polyethylene (PE) producers are in a wave of large-scale investment. However, because of the gradual intensification of the oversupply situation in the domestic market and the deterioration of the US-China trade relationship, the US PE export market continues to face downward pressure.　　 Statistics show that in 2019, the United States will add more than 2.8 million tons of PE capacity per year. At the end of July, ExxonMobil opened a 650,000-ton/year new PE plant in Beaumont, Texas. Sasol also opened a 1.5 million ton/year ethylene cracker at its Lake Charles plant in Louisiana. Earlier this year, Sasol started a new 470,000-ton/year linear low density polyethylene (LLDPE) new plant. The company is expected to open a set of 420,000 at the end of the quarter Read More

Source: Sinopec News Network News August 22, 2019 Sinochem New Network News According to Platts Energy News Houston, August 21, 2019, the US Department of Energy announced on Wednesday that the United States will sell 10 million barrels of oil from strategic oil reserves. Sulfur crude oil is scheduled to be delivered in October and November.　　 The US Department of Energy said in a sale notice on Wednesday that the quotation must be received by August 28. The 10 million barrels of sulfur-containing crude oil will be sold from the strategic oil reserves at Bryan Mound, West 　　Hackberry and Big Hill bases.　　 The US Department of Energy stated that the delivery deadline for the sale of 10 million barrels of sulfur-containing crude oil is from October 1 to November 30, so it cannot be delivered in advance. The minimum delivery scale for this sale is 100,000 barrels for pipelines, 250,000 barrels for ships and 40,000 barrels for barges.　　 The US Department of Energy stated in the notice: \"\" Read More