Source: Xinhuanet Time: 2020-01-10 Xinhua News Agency, New York, January 9th (Reporter Luo Jingjing Wang Wen) Chinese Ambassador to the United States Cui Tiankai said on the evening of the 8th that mutual benefit and win-win are always the essential characteristics of Sino-US economic and trade cooperation As long as both sides firmly grasp the fundamental interests of the two peoples and respect each other's dignity, sovereignty, and core interests, there will be no insurmountable difficulties. Cui Tiankai said at the annual dinner of the China General Chamber of Commerce in the United States that China and the United States have reached the first stage of economic and trade agreement. Facts have proved that as long as China and the United States adhere to dialogue and consultation on the basis of equality and mutual respect, they can achieve mutually beneficial and win-win results. In the current extremely complex international environment, reaching this agreement will benefit both China and the United States and the world. He said that in the past 40 years or so, Sino-US relations have never lacked ups and downs and hardships, and the real tenacity of the relationship between the two countries lies in the fact that the two sides can face the challenges, continue to overcome difficulties and solve problems. hope Read More

China Trade Relief Information Network 2020-02-03 10:38:44 On January 24, 2020, the Ministry of Commerce and Industry of India issued an announcement saying that in response to the application submitted by Gujarat Narmada Valley Fertilizers & Chemicals Limited, an Indian domestic company, the China's Aniline launched an anti-dumping investigation. The case involved products under the Indian Customs Code 29214110. The dumping investigation period of this case is April 1, 2019 to September 30, 2019 (six months), and the damage investigation period is 2016 to 2017, 2017 to 2018, 2018 to 2019 and the dumping investigation period . Read More

Source: Business Club Time: 2020-01-20 Read More

Source: China Trade Remedy Information Network Time: 2020-01-19 On January 17, 2020, the European Commission issued an announcement regarding Peroxosulphates, including Potassium Peroxymonosulphate Sulphate, which originated in mainland China. The final decision of the second anti-dumping sunset review was made, and it was decided to continue to levy anti-dumping duties on the enterprises involved in mainland China: Shanghai ABC Chemicals (Shanghai) Co., Ltd. was 0%, and Youde Initiator ( Shanghai) Co., Ltd. (United Initiators Shanghai Co., Ltd.) was 24.5%, and other companies in Mainland China were 71.8%. Read More

Source: Jinlianchuang Time: 2020-01-19 Since the general decline in late October and early November, domestic ethylene oxide prices have rarely fluctuated. During this period, prices in the Northeast and North China areas have only been adjusted within a narrow range, and prices in other regions have remained stable. . Various rumors in the market continued in January, and as the Spring Festival approached, bullish and bearish sentiments also appeared in the market, but for now, the enterprise's stable shipments are still mainstream. The recent rise in the ethylene market in Asia is obvious. The price of ethylene CFR in Northeast Asia has returned to US$820/ton, and the price difference with CFR Southeast Asia has also expanded to US$110/ton. Derivative product prices rebounded, demand performed well, and there were a lot of inquiries on the floor, but manufacturers in Northeast Asia had low willingness to ship, and overall market supply remained tight. As regional price spreads widen, inter-regional arbitrage goods are expected to increase. In addition, some loading and restarting messages appeared on the device side. The price difference between ethylene and naphtha in Northeast Asia has returned Read More

Source: China Chemical News Time: 2020-01-17 In the past 2019, the former star product caprolactam walked down the altar and was trapped in a loss. This cannot help but sigh, the era of high profits in the caprolactam industry may be far away.　　The author believes that there are three main reasons for the deep loss of the caprolactam industry: 　　First, the pressure of excess capacity is manifesting.　　In 2019, the original domestic production capacity of caprolactam was 1.23 million tons/year. However, in view of the unsatisfactory market situation, many companies have postponed the commissioning schedule. During the year, only Fujian Jinjiang Technology's 200,000 tons/year device was put into production. The average load is currently about 80%, and Hebei Xuyang's 100,000 tons/year device is expanded to 150,000 tons/year, Baling Hengyi added 100,000 tons/year capacity device. In addition, due to the restrictions of domestic environmental protection and safety policies, the operation of some enterprises has been greatly affected. For example, Jiangsu Haili’s 200,000 tons/year device was installed in 2019. Read More

Source: China National Chemical Manufacturing Network Time: 2020-01-14 In 2019, the prosperity of China's polyester PET industry has declined. Not only has the market price dropped to a relatively low level, but corporate profits have also shrunk significantly. At present, the overall economic situation at home and abroad is still complex and severe. The global economic growth has slowed down. The Sino-U.S. trade war has a large number of variables. The fluctuations in international crude oil prices have intensified. Macro-level changes have a greater impact on the polyester PET market. The market trend of polyester raw materials PTA and ethylene glycol is still the dominant factor in the trend of polyester PET market. With the slowdown in the growth of textile and beverage demand, the domestic polyester PET market demand began to weaken, so polyester PET production capacity began to saturate. To ease the greater domestic sales pressure, companies began to actively explore overseas markets, polyester PET export volume increased significantly. As the upstream PX and raw material PTA enter the peak of capacity expansion, the supply pattern of polyester raw materials will change significantly. Read More

Source: Chemical Information Time: 2020-01-14 China's dominant position is the status quo, and market competition is unlikely to shake the position of Chinese manufacturers in the short term. Australia’s terrible forest fires may become a catalyst for the global response to climate change. If this is the case, investors should once again focus on China, especially Chinese companies that dominate solar equipment sales.　　At least 80% of the world's solar modules and panels are produced by Chinese manufacturers. US tariffs only affect 10% of the global market, and market competition is unlikely to shake the status of Chinese manufacturers in the short term. Kevin Tu, a Beijing-based researcher at the Center on Global Energy Policy at Columbia University, said: \"China's dominance is the status quo. These companies are performing throughout the value chain from silicon to finished panels Read More

Source: SINOCHEM Time: 2020-01-14 SINOCHEM learned from the Ministry of Commerce website that South Korea's \"dailian\" news reported on January 3 that in 2019, due to factors such as the decline in international oil prices and the addition of refining facilities in competing countries As a result, the export of Korean petrochemical products and petroleum products fell sharply. On January 3, the Ministry of Trade, Industry and Energy recently announced the \"Import and Export Trends in 2019\", showing that the export volume of petrochemical products from South Korea last year was US$42.57 billion, a year-on-year decrease of 14.8%. The export of petroleum products was US$40.63 billion, a year-on-year decrease of 12.3%. The international oil price last year was US$63.55 per barrel, a year-on-year decrease of 8.8%. The unit price of petrochemical products was US$1,125 per ton, a year-on-year decrease of 16.4%, and the rate of decrease was nearly twice that of international oil prices. The unit price of petroleum products exported was US$73 per ton, a year-on-year decrease of 9.6%. Analysis says this year Read More