In a sleepy Louisiana town, two Chinese chemicals firms are being hit on multiple fronts by the trade war

US President Donald Trump’s trade war with China has thrown a spanner in the works of two Chinese chemicals companies spending billions of dollars building factories in the United States.Yuhuang Chemical was started in 1994 by a village branch of the Chinese Communist Party in Shandong Province, but in 2014, it raised some eyebrows when it announced plans to build a US$1.85 billion methanol plant in St James Parish, Louisiana.Last year, Wanhua Chemical, a listed company also from Shandong, followed suit with plans to build a US$1.25 billion plant in the same town in Louisiana, which has a popu

2019-03-12

China starts exporting petroleum to Laos

With over 64 ton diesel, handed over from PetroChina to a Lao company at Laos-China border, the first export of Chinese refined oil to Lao market was made on Wednesday.PetroChina International (Yunnan) Co. Ltd, a subsidiary of PetroChina group, has been studying and preparing for two years to reach the Lao fuel market since 2016.With the aims to expand its petroleum products sales in southeastern Asia and to seek new routes to market, the PetroChina company with its Lao partner undertook thorough researches in demands, market access, custom clearance and transportation, etc.Finally, the first

China Petrochemical 2018-11-01

China Prosperity No. 2 purified terephthalic acid plant to shut Thursday for maintenance

China Prosperity Jiangyin Petrochemical, also known as Hanbang Petrochemical, will shut its No 2 purified terephthalic acid plant Thursday evening for 15 days of planned maintenance, a company source said Thursday afternoon.

China Refining 2018-06-29

China’s Sinopec Fujian cuts June product exports 36% from May

Sinopec Fujian Refining and Chemical Company in southeastern Fujian province plans to export around 109,000 mt of oil products in June, down 36% from 170,000 mt planned for May, a Sinopec source said Wednesday. The 280,000 b/d refinery’s June exports were expected to comprise around 19,000 mt of jet

China Petrochemical 2018-06-22

Analysis: China's independent refineries shy away from US crudes

Chinese independent refiners have slowed down their US crude purchases in recent months and could completely stop near-term imports amid growing uncertainties about additional import duties on US oil and gas.

China Petrochemical 2018-06-22

Chinese independent refiner lets contract for propylene plant

Shandong Wonfull Petrochemical Co. Ltd. has let a contract to Honeywell UOP LLC to license its proprietary C3 Oleflex propane dehydrogenation technology for a propylene plant at its 5.8 million-tonne/year integrated refining and petrochemical complex in Huantai Economic Development Zone in China’s S

China Refining 2018-06-19

CHINA DATA: PDH plants' May average run rate hits year-to-date high at 88%

China's propane dehydrogenation plants raised their averaged operating rate to 88% in May from 84% in April, according to S&P Global Platts calculations based on data provided by JLC, a Beijing-based information provider.

China Refining 2018-06-14

China's Shanghai PC to shut naphtha-fed steam cracker June 20 for maintenance

China's Shanghai Petrochemical plans to shut its naphtha-fed steam cracker in Shanghai around June 20 for annual maintenance, a company source said Monday.

New Private Chinese Refinery In Talks For Long-Term Saudi Oil Supplies

Hengli Petrochemical, a unit of private Chinese chemical giant Hengli Group, is in talks with Saudi Aramco for long-term crude oil supplies for its new 400,000-bpd refinery, while it is getting ready to receive a first Saudi spot cargo by July for trial runs, Reuters reported on Wednesday, citing a

China Refining 2018-06-01

China independent oil plants face closure under new tax rules, competition

China's new tax rules introduced in March could force some independent oil refineries to close, and the way to survive tighter regulatory scrutiny and the onslaught of growing competition is to cut costs and beef up competitiveness, an oil executive said.

China's SHFE likely to launch tax-free 380 CST fuel oil contract in June

China's Shanghai Futures Exchange is set to launch a bonded 380 CST bunker fuel oil contract in June that will replace the existing 180 CST contract which is for domestic delivery, sources said.

China Crude Futures 2018-05-28

China's Sinopec, PetroChina raise domestic orthoxylene prices by Yuan 200/mt

China's two major orthoxylene producers, Sinopec and PetroChina, raised their domestic ex-tank prices by Yuan 200/mt on Monday, an end-user said Wednesday.

China data: Apr crude throughput up 12% on year, down from record high in Mar

China's refinery crude throughput rose 11.5% year on year to 49.58 million mt in April, or an average of 12.11 million b/d, preliminary data from the National Bureau of Statistics released Tuesday showed.

China Petrochemical 2018-05-16

East China styrene monomer inventory hits fresh 5-month low amid delayed arrivals

Styrene monomer inventories held by traders in eastern China was estimated at 30,600 mt Friday, falling 20.1% week on week to hit a fresh 5-month low, amid supply disruptions and delayed vessel arrivals over the past week, industry sources said Friday.

China Petrochemical 2018-05-14

Sinopec raises South China butadiene prices by 2% Tuesday

China Petroleum and Chemical Corp., or Sinopec, raised its ex-works butadiene offers in South China to Yuan 11,300/mt, or $1,487/mt on an import parity basis, Tuesday, up Yuan 200/mt or about 1.8%, market sources said.

China data: Brazil becomes top crude oil supplier in Apr for independent refiners

Brazil again overtook Russia as the top crude oil supplier to China's independent refineries in April by supplying 1.64 million mt, up 144.1% from a year earlier, S&P Global Platts monthly survey showed.

Sinopec raises styrene monomer offer price in East China by 3% Wednesday

China Petroleum and Chemical Corp., or Sinopec, raised its ex-works styrene monomer offer price in East China to Yuan 10,600/mt, or $1,405/mt on an import parity basis, late Wednesday, up Yuan 300/mt or about 3%, market sources said Thursday.

China data: Q1 oil product consumption up 6% on year, says NDRC

China consumed 76.53 million mt of oil products in the first quarter, up 6.2% year on year, latest data posted on the National Development and Reform Commission's website showed Saturday.

China Petrochemical 2018-05-03

China end-March crude oil stocks down 2.4 pct on-month

China's refined oil product inventory dropped in March from a month before, easing worries that record processing rates could stoke a fuel glut in the world's largest energy consumer.

China data: State-owned refiners lower run rates to 79% in April

China’s state-owned refiners Sinopec, PetroChina, Sinochem and China National offshore Oil Corp plan to lower their average refinery run rate to 79% of nameplate capacity in April from a revised 82% in March, a monthly survey by S&P Global Platts showed.

China Petrochemical 2018-04-26
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