Source: China Financial Information Network 　　 April 10, 2020 　　 Xinhua News Agency The Organization of European Petroleum Exporting Countries and other oil-producing countries including Russia held a meeting on Thursday. Saudi Arabia and Russia have reached a record oil reduction agreement to revive the oil market that has been sluggish due to the price plunge under the impact of the new crown epidemic. The OPEC+ post-meeting statement shows that the output will be reduced by 10 million barrels/day from May 1, 2020 for a period of two months; from July 2020, the output will be reduced by 8 million barrels/day to December; from January 2021, the output will be reduced by 600 10,000 barrels per day to April 2022. According to the draft production reduction agreement, Russia and Saudi Arabia will reduce production by 2.5 million barrels/day each from May to June; Iraq will reduce production by 1.06 million barrels/day from May to June; UAE will reduce production by 720,000 barrels/day from May to June; Kuwait will cut production by 640,000 barrels per day from May to June; Kazakhstan Read More

Source: Trade Remedy and Investigation Bureau, Ministry of Commerce 2019-11-29 On November 22, 2019, the Argentine Ministry of Production and Labor issued Resolution No. 1283 of 2019, deciding to end the anti-dumping investigation on aluminum radiators originating in China. 87% of anti-dumping is valid for 5 years. The tax code of the product in question is 7615.10.00. For case information, please consult the Trade Secretariat of the Ministry of Production and Labor of Argentina (address: Av. Presidente Julio Argentino Roca N° 651, piso 6º, sector 2, de la Ciudad Autónoma de Buenos Aires). The working hours of the investigation organs are from 10:00 to 17:00. Telephone: Tel: (5411) 4349-3949/50. Case adjudication Read More

Source: Trade Remedy and Investigation Bureau, Ministry of Commerce 2019-12-04 14:26 On December 2, 2019, the Mexican Ministry of Economy issued an announcement to start the anti-dumping sunset review of steel cables originating in China at the application of Mexican companies Camesa and Deacero survey. The customs tariff numbers of the products involved in the case are 7312.10.01, 7312.10.05, 7312.10.07 and 7312.10.99. The dumping investigation period of this case is from July 1, 2018 to June 30, 2019, and the damage investigation period is from July 1, 2014 to June 30, 2019. All interested parties are required to submit the completed answer sheets, comments and relevant evidence according to the requirements of the investigating authority before 14:00 on the 28th working day after the announcement. The original anti-dumping measures were effective during the review. See the following link for the announcement of the case registration details: http://w Read More

Author: Yuan Wang Source: China Chemical Industry News November 25, 2019 November 6, the US Environmental Protection Agency (EPA) published a proposed provision, designed to enable manufacturers of organic chemicals to cut about 105 tons / year of hazardous air pollution Thing. Among them, the restrictions on ethylene oxide in the proposed regulations are particularly noticeable. According to EPA news, after the regulations are implemented, the emissions of ethylene oxide from chemical plants in the United States will fall by about 9 tons per year. The agency hopes to require facilities to control gas emissions from gas tanks, vents and leaking equipment. The companies involved include BASF, Ineos, Sasol, Shell, Dow, etc.　　The EPA strengthens the control of ethylene oxide under the background that BASF, Ineos and other large companies continue to expand their ethylene oxide production capacity. At present, BASF and Ineos are expanding the production capacity of European and American ethylene oxide and its derivatives, with a total expansion of 920,000 tons/year. The new EPA regulations seem to Read More

On November 14, 2019, Washington time, the US Department of Commerce announced the final result of the anti-dumping and anti-subsidy investigation of China's Polyester Textured Yarn. Regarding dumping, the compulsory responding enterprise Jiangsu Hengli Chemical Fiber Co., Ltd. has a tax rate of 76.07%, and the national uniform tax rate is 77.15%; for subsidies, the compulsory responding enterprise Fujian Baihong Poly Fiber Industrial Co., Ltd. has a tax rate of 32.18%, and the other two compulsory The responding enterprise Suzhou Shenghong Chemical Fiber Technology Co., Ltd. and its affiliated companies were awarded punitive tax rates of 472.51% and 473.09%, respectively. According to statistics from the US, Chinese companies exported US$35 million in products during the investigation period. According to the US investigation procedures, the US International Trade Commission will make a final ruling on the case on December 30. Read More

On November 1, 2019, the Mexican Ministry of Economy issued an announcement to initiate an anti-dumping investigation on the bottle-shaped hydraulic jacks of Chinese origin. The Mohai tariff number of the product in question is 84254202. The dumping investigation period of this case is from April 1, 2018 to March 31, 2019, and the damage investigation period is from April 1, 2016 to March 31, 2019. All interested parties are required to submit answer sheets, comments and relevant evidence materials that are completely filled out according to the requirements of the investigating agency within 23 working days. The 23 working days of the enterprise involved in the case and the government of the country involved in the case announcement shall be calculated from 5 days after the questionnaire is sent by the investigating agency, and other interested parties shall be calculated from 5 days after the announcement date. The submission of materials in the above two cases is due at 14:00 on the deadline. If final anti-dumping measures are taken, Mexico may retroactively tax products imported for consumption within 90 days before the date of the temporary measures. The questionnaire can be found at Read More

Source: Sinochem New Network November 22, 2019 According to the Moscow report of ICIS website on November 20, the import of Russian high-density polyethylene (HDPE) increased by 44% year-on-year from January to October 2019.　　According to MRC's DataScope report, pipeline and film grade polyethylene (PE) imports increased the most.　　In October, the import volume of high-density polyethylene fell from 34,500 tons a month ago to 28,200 tons, of which Uzbek high-density polyethylene accounted for the main decline. In the first 10 months of 2019, the total import of high-density polyethylene reached 295,100 tons, compared with 204,400 tons in the same period last year.　　 Imports of polyethylene in all consumer sectors have increased, with the largest increase in imports of film and pipeline grade high-density polyethylene.　　In the first 10 months of 2019, pipeline-grade polyethylene imports almost doubled year-on-year to 4580 Read More

Source: China Petrochemical News Network November 21, 2019 According to ICIS website November 15, Singapore reports that demand for Asian polyesters will continue to slow, because most downstream devices have completed the end of the year orders, and at this time, the enthusiasm for replenishing goods is more low. As of the week of November 12, spot denier (POY) 150 denier (D) price was estimated to be 0.90-0.92 USD/kg (offshore price in Northeast Asia), which was USD 0.01 lower than the high end of the price range of the previous week kg.　　According to ICIS data, the price of 150D stretch-textured yarn (DTY) fell by US$0.02/kg at the high end during the same period to US$1.15-1.18/ton (offshore prices in Southeast Asia and India).　　 Due to the decline in raw material costs and increased inventories, spot polyester prices have been declining since mid-September.　　Recent raw material refined terephthalate Read More

Source: Xinhuanet April 04, 2020: The epidemic of new coronary pneumonia is gradually impacting many areas of the US economy. As more and more companies shut down and supply chains were interrupted, the US manufacturing industry began to experience the pain caused by the epidemic. In March, the U.S. Manufacturing Purchasing Managers Index (PMI) shrank again, which may only be the beginning of a downturn in the entire industry. According to data released by the American Institute of Supply Management (ISM) on April 1, the U.S. manufacturing PMI in March fell by 1 point to 49.1, higher than market expectations of 45, but fell below the 50 line, which means that the manufacturing industry Shrink. In that month, the new orders index was only 42.2, the lowest since March 2009; the employment index slipped further to 43.8.　　 ISM Chairman Timothy Fiore said in a statement that he is pessimistic about the recent outlook of the US manufacturing industry. As a result of the New Coronary Pneumonia epidemic and global energy market volatility, Read More