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

Source: China National Chemical News Time: 2020-01-06 The International Maritime Organization (IMO) new regulations on ship fuel sulphur limits will be implemented on January 1, and global oil and shipping will usher in major changes. On December 19 last year, the five countries of the Eurasian Economic Union, namely Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia, announced that they would postpone the implementation of the new regulations for four years. Countries such as India, Indonesia, and the Philippines have also publicly expressed reservations about implementing the new regulations on time and will implement them in accordance with their own policies. However, as a specialized agency of the United Nations responsible for maritime navigation safety and prevention of marine pollution caused by ships, the IMO with 174 member states has stated many times that the sulfur restriction order will not be delayed. IMO regulations, from January 1st, the global ship sulfur content will be reduced from 3.5% to 0.5%, in order to reduce sulfur dioxide emissions, and recommended three response plans: First, switch to marine gasoline or low sulfur fuel; Second, continue to use Read More

Source: China Trade Relief Information Network Time: 2020-01-10 On January 10, 2020, the Ministry of Commerce and Industry of India issued a notice stating that in response to an application submitted by Indian domestic company Aarti Drugs Limited, the hydrochloric acid ring that was originally produced or imported from China Ciprofloxacin Hydrochloride initiates anti-dumping investigation. The case mainly involved products under Indian Customs Code 29419030. The dumping investigation period of this case is from April 1, 2018 to June 30, 2019 (15 months), and the damage investigation period is from April 2015 to March 2016, April 2016 to March 2017, 2017 April to March 2018 and the dumping investigation period. Read More

Source: China Chemical News Time: 2020-01-06 Affected by the commissioning of some new large-scale installations and the decline in China's imports, the Asian ethylene glycol (MEG) market will face a difficult year in 2020. A large amount of new capacity was put into production, but the increase in demand has not kept pace, which will lead to a decline in the operating rate of ethylene glycol plants in Asia. The production capacity will increase substantially. It is estimated that from the end of 2019 to 2020, the newly established ethylene glycol production capacity in Asia will reach 3.3 million tons per year, which will bring pressure to the market with low profit margins. In China, Hengli Petrochemical's 900,000-ton/year ethylene glycol unit and Zhejiang Petrochemical's 750,000-ton/year ethylene glycol unit have been put into trial production in the second half of December 2019, and will begin commercial operation in 2020. According to sources, Hengli Petrochemical's second 900,000-ton/year ethylene glycol unit will also be put into use in 2020. Market participants said that in Southeast Asia, Read More

Source: China National Chemical Industry News Time: 2020-01-06 The International Maritime Organization (IMO) new regulations on ship fuel sulphur limitation will be implemented on January 1, and global oil and shipping will usher in major changes. On December 19 last year, the five countries of the Eurasian Economic Union, namely Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia, announced that they would postpone the implementation of the new regulations for four years. Countries such as India, Indonesia, and the Philippines have also publicly expressed reservations about implementing the new regulations on time and will implement them in accordance with their own policies. However, as a specialized agency of the United Nations responsible for maritime navigation safety and prevention of marine pollution caused by ships, the IMO with 174 member states has stated many times that the sulfur restriction order will not be delayed. IMO regulations, from January 1st, the global ship sulfur content will be reduced from 3.5% to 0.5%, in order to reduce sulfur dioxide emissions, and recommended three response plans: First, switch to marine gasoline or low sulfur fuel; Second, Continue to use high sulfur fuel Read More

Publisher: China Chemical News Time: 2020-01-06 Three Japanese chemical companies, Japan Polypropylene, Japan Polyethylene and Preman Polymer, have recently announced that their products will start to increase in price by 2020 It is 12-15 yen per kilogram. The price increase products include all polyethylene and polypropylene products of the above three companies. It is reported that at the recent OPEC ministerial closed-door meeting, the oil-producing countries' production reduction agreement was announced. In this context, crude oil prices will remain high. Affected by higher crude oil prices, tight supply and demand for naphtha, and the depreciation of the yen, the base price of naphtha, which is the main raw material of the above-mentioned chemical products, will increase significantly from January to March 2020. In addition, there are corresponding expenses, such as public welfare activities, auxiliary raw materials and other funds rose.　　The three chemical companies all said that under the severe economic environment, relying on their own efforts to reduce costs, it is difficult to bear costs Read More

Source: Business Club Time: 2020-01-07 Read More

Source: China National Chemical News Time: 2020-01-06 1. BASF, Saudi Aramco and other foreign companies accelerated their investment in China in 2019. Many large multinational companies continue to invest heavily in China. On January 10, BASF and Guangdong Province signed a framework agreement to promote the Zhanjiang project. On November 23, BASF's new integrated production base project was officially launched in Zhanjiang, Guangdong. On February 22, during the Saudi crown prince's visit to China, Saudi Aramco signed investment agreements with many Chinese companies in the petrochemical industry. In the unfavorable economic situation in 2019, China is still a good place for multinational enterprises to invest and develop their businesses. 2. The problem of plastic pollution continues to ferment, and the industry ends the Plastic Pollution Alliance. On January 16, about 30 companies in the chemical, plastics, and consumer products industries, including BASF, Dow, and Covestro, announced the joint establishment of the Plastic Pollution Alliance In order to solve the problem of plastic waste pollution. The alliance aims to minimize Read More