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Top related persons:
Chen - 1 refiners - 1 China's - 1 Wood Mackenzie - 1 WoodMac - 1 Ganesh Gopalakrishnan - 1 TotalEnergies's - 1 Salmon Lee - 1
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Dalian Liaoning province China Asia Europe U.S Guangdong Jiangsu
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REUTERS - 1 International Energy Agency - 1 Reuters Graphics - 1 Guangdong Petrochemical - 1 Jiangsu Shenghong Petrochemical - 1 Zhejiang Petrochemical Corp - 1 Hengli Petrochemical - 1 Sinopec - 1

Search resuls for: "Jiangsu Shenghong Petrochemical"


2 mentions found


☆ China refiners stoke petrochemical glut in market-share war
  + stars: | 2023-06-25 | by ( Mohi Narayan Andrew Hayley | Mohi Narayan | Andrew Hayley | ) www.reuters.com   time to read: +4 min
New capacity in China is expected to make up more than half of that growth, according to the International Energy Agency. Reuters GraphicsIn 2023, WoodMac sees China's output growth creating a local surplus of 4.24 million metric tons of ethylene and an even bigger oversupply of propylene at 8.69 million metric tons. Reuters GraphicsMARKET SHARE BATTLENewly launched refinery complexes by state giant PetroChina's (601857.SS) Guangdong Petrochemical and privately-run Jiangsu Shenghong Petrochemical have added to surging petrochemical supply from mega refiners Zhejiang Petrochemical Corp and Hengli Petrochemical (600346.SS) that has come online in recent years. Rongsheng Petrochemical (002493.SZ) and Hengyi Petrochemical (000703.SZ) swung to net losses in the first quarter. While Chinese demand from some sectors such as inexpensive clothing and daily essentials is robust, other sectors such as automative have yet to recover in line with expectations, said Salmon Lee, global head of polyesters at consultancy WoodMac.
Persons: Chen, refiners, China's, Wood Mackenzie, WoodMac, Ganesh Gopalakrishnan, TotalEnergies's, Salmon Lee, Lee, Mohi Narayan, Andrew Hayley, Matthew Chye, Florence Tan, Sonali Paul Organizations: REUTERS, Reuters, International Energy Agency, Reuters Graphics, Guangdong Petrochemical, Jiangsu Shenghong Petrochemical, Zhejiang Petrochemical Corp, Hengli Petrochemical, Sinopec, Rongsheng Petrochemical, Hengyi Petrochemical, Thomson Locations: Dalian, Liaoning province, China, Asia, Europe, U.S, Guangdong, Jiangsu, China's, New Delhi, Beijing
☆ Column: China's 2023 crude oil imports set for 6.2% rise, but risks prevail
  + stars: | 2023-03-28 | by ( Clyde Russell | Thomson Reuters | Clyde Russell Is Asia Commodities | ) www.reuters.com   time to read: +4 min
LAUNCESTON, Australia, March 28 (Reuters) - China's crude oil imports will average 10.8 million barrels per day (bpd) in 2023, matching the previous record high from 2020, according to the think tank of the country's leading energy group. What is interesting with the ETRI forecasts is that they would seem to show that China's refiners are still expecting to add crude oil to stockpiles over 2023. This is some 370,000 bpd more than the ETRI forecast for refinery throughput of 14.66 million bpd. China's crude oil imports seen rebounding to new high in 2023NEW REFINERIESIt's likely that some of the oil heading for storage will go to build working inventories for new plants expected to be commissioned this year. Flows in, or indeed out of, either commercial or strategic reserves are the biggest X-factor for China's crude oil imports.
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