Mysteel OilChem’s Post

📢 #China #PVC output rises on high #capacity utilization rate PVC output increased on high capacity utilization rate. According to OilChem, the capacity utilization rate of PVC producers reached 80.86% as of Feb 23, up⬆ 1.25 percentage points WoW and up⬆ 2.27 percentage points YoY. -𝐂𝐚𝐥𝐜𝐢𝐮𝐦 𝐜𝐚𝐫𝐛𝐢𝐝𝐞 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐫𝐬: 80.53%, up⬆ 0.83 percentage points WoW, up⬆ 2.40 percentage points YoY -𝐄𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐫𝐬: 81.53%, up⬆ 2.47 percentage points WoW, up⬆ 1.58 percentage points YoY The capacity utilization rate obviously improved in East China, mainly owing to resumption of unit of Suzhou Huasu #Plastics, while that in North China inched down due to decreasing operating rate of Shanxi Ruiheng Chemical, Qingdao Haiwan #Chemical and other producers. The capacity utilization rate in East China has seen noticeable improvement, primarily because the Suzhou Huasu Plastics unit resumed operations. On the other hand, in North China, the rate slightly decreased as a result of reduced operations at Shanxi Ruiheng Chemical, Qingdao Haiwan Chemical, and...... 👇 𝐌𝐨𝐫𝐞 𝐝𝐚𝐭𝐚 𝐜𝐡𝐞𝐜𝐤 𝐨𝐮𝐭: https://lnkd.in/dJyuUvKA #ethylene #production #petrochemical

Maleic Anhydride Market Size To Hit US$ 3.4 billion by 2026 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭- https://lnkd.in/daUapYVu The global Maleic Anhydride Market was valued at USD 2.8 billion in 2021 and is projected to reach USD 3.4 billion by 2026, growing at a cagr 4.2% from 2021 to 2026. 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: Huntsman Corporation LANXESS NIPPON SHOKUBAI CO., LTD. Mitsubishi Chemical Group Polynt Group-REICHHOLD GROUP Changzhou Yabang Chemical Co., Ltd. Zibo Qixiang Tengda Chemical Co., Ltd. Shanxi Securities Company Limited QIAOYOU CHEMICAL Gulf Advanced Trading Co CHEMICAL INDUSTRIES (GACIC) Ningbo Jiangning Chemical Co., Ltd. STARTUPS AND SMES China Bluestar (group) Corp. HARBIN PETROCHEMICAL Nan Ya Plastics Shijiazhuang BAILONG Chemical Co., Ltd. YONGSAN CHEMICAL Ig Petrochemicals Limited,Taloja,Navi Mumbai MOL Group JUSTUS SAKTI RAYA, PT Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) TIANJIN BOHAI CHEMICAL INDUSTRY GROUP SUPPLY AND SALES CO.,LTD(BCIGSS) CEPSA Ruse Chemicals Yunnan YUNWEI Materials Supplying Company Shanxi Xinhe Taiming Chemical Industry Co., Ltd. Huanghua Hongcheng Enterprise Co., Ltd. Aekyung Petrochemical Co Ltd #MaleicAnhydride #ChemicalIndustry #MarketTrends #IndustrialChemicals #MaleicAnhydrideMarket #ChemicalManufacturing #MarketGrowth #AnhydrideIndustry #ChemicalMarket #IndustryAnalysis #ChemicalTrends #MarketInsights #GlobalChemicals #ChemicalResearch #AnhydrideProduction #MarketForecast #ChemicalSupply #AnhydrideApplications #IndustryOutlook #Chemicals #ChemicalDevelopment #MaleicAnhydrideApplications #MarketDynamics #ChemicalUsage #AnhydrideMarketGrowth #ChemicalSector #IndustryDemand #ChemicalProcesses #AnhydrideIndustryTrends #ChemicalEconomy

We've recently upgraded our drumming lines for Class C Chemicals at the Bertschi Zhangjiagang Liquids Hub in China. To further improve efficiency, we have added two new drumming pipelines for both fully and semi-automatic lines. These upgrades, with specially designed chemical transport piping, reduce product residue by about 60% per batch, lowering costs and increasing economic efficiency for our customers. Send us an inquiry at info@bertschi.com. We encourage customers to consider our one-stop solution, such as importing products in ISOtanks rather than drums or IBC packaging. This can reduce your transportation unit price and save on overall transportation costs. Your products can enter our upgraded and optimized line after arrival in the country, allowing us to fill them according to your required packaging form while minimizing residue in drumming pipes, further reducing your drumming costs. #Bertschi #ISOtanks #chemicalstorage #onestopsolution #chemicalindustry #liquidlogistics

Company Introduction: Hyosung Vina Chemicals VBI's new series, "Company Introduction", aims to provide information about the various businesses operating in Vietnam's growing economic landscape. In this article, we focus on Hyosung Vina Chemicals, a significant player in the chemical industry in Vietnam. Read the post for more details on the company's financial information and insights. https://lnkd.in/gJKhNEhA #vietnambusiness #BusinessInVietnam #vietnambusinessinformation #companies #companyintroduction #chemicals #chemicalindustry #chemicalcompany

✳ #PriceRelease Shanghai Metals Market 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮 𝗠𝗛𝗣 𝗙𝗢𝗕 𝗣𝗿𝗶𝗰𝗲 𝗷𝗼𝗶𝗻𝘁𝗹𝘆 𝘄𝗶𝘁𝗵 Asosiasi Penambang Nikel Indonesia With the continuous investment and production of Indonesia's MHP projects in recent years, Indonesia has become a major MHP supplier in the world, holding a significant position in the global nickel intermediate products market. As the global new energy industry matures and the production of electro-deposited nickel continues to expand, the supporting capacity of global nickel salt refining, ternary cathode material precursors, ternary cathode materials, and refined nickel producers has increased. The price changes of Indonesia MHP FOB have a significant impact on the global MHP price trend. When analyzing the global supply and demand relationship of nickel hydrometallurgy intermediate products, the "Indonesia factor" is becoming increasingly important. ℹ 𝗧𝗵𝗲 𝗽𝗿𝗶𝗰𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁: https://lnkd.in/gFqaqzzn For queries, please contact Michael Jiang at michaeljiang@smm.cn #MHP #nickel #cobalt #hydroxide #EV #battery #Indonesia #intermediate #nickelproducts #processing #rawmaterial #criticalminerals #nickelproducts #smelting

Together with Idemitsu Kosan Co.,Ltd., we have been engaged in deliberations on optimizing production by consolidating our Chiba ethylene complexes. As we had recently completed the feasibility study (FS), we will move on to the next phase – front-end engineering and design (FEED). Back in 2010, both Idemitsu and Mitsui Chemicals used a limited liability partnership (LLP) to establish Chiba Chemicals Manufacturing LLP and began jointly operating the ethylene facilities owned by both companies in Chiba in order to optimize production. With the changes in the business environment, we conducted an FS focused on consolidating our ethylene facilities in the Chiba region into a single unit at our current facility, as announced on 27 March 2024. In FEED phase, both companies will now deliberate on other items for the consolidation to happen. Refer to our website for full press release - https://lnkd.in/ezmDQpEb 出光興産株式会社及び三井化学株式会社は、「千葉地区エチレン装置集約による生産最適化」について検討を進めてまいりました。 このたび、両社は、FS（Feasibility Study：事業化調査）完了にともない、次のフェーズであるFEED（Front-End Engineering & Design：基本設計）に移行します。 #MitsuiChemicalsGroup #MakeItHappen #pressrelease #business #Japan #production #ethylene

Will Lihuayi Weiyuan Chemical’s New 300ktpa PO Facility Drive Market Prices Downwards? Lihuayi Weiyuan Chemical Co., Ltd. has recently commenced production of its 300ktpa PO facility, with products passing inspection and now being sold externally. As a crucial extension of the company’s supply chain, the facility uses propylene and hydrogen produced from its propane dehydrogenation unit as raw materials. It maximizes the mutual supply and utilization of raw materials, products, and energy, representing another step in the company’s target of “building, extending, supplementing, and strengthening supply chain”. By enhancing the integrated utilization of materials and heat energy between units, it enables the extension of the industrial chain, further strengthening the chain’s resilience and enhancing the company’s competitiveness. The start of this large-scale facility by Lihuayi Weiyuan Chemical undoubtedly breaks the current stalemate in Chinese PO market. On April 16, the prevailing offers of PO in Shandong and North China markets stood around CNY 9,050-9,100/tonne EXW in bulk in cash. Those in East China were CNY 9,400-9,500/tonne DEL in bulk in cash. Lihuayi Weiyuan Chemical is offering an ex-factory price of CNY 9,050/tonne, effective from April 16. With continuously expanding capacity, China’s PO market is gradually becoming saturated...... More info pls click https://lnkd.in/gT_YuBZV

✳ #PriceRelease Shanghai Metals Market 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮 𝗠𝗛𝗣 𝗙𝗢𝗕 𝗣𝗿𝗶𝗰𝗲 𝗷𝗼𝗶𝗻𝘁𝗹𝘆 𝘄𝗶𝘁𝗵 Asosiasi Penambang Nikel Indonesia With the continuous investment and production of Indonesia's MHP projects in recent years, Indonesia has become a major MHP supplier in the world, holding a significant position in the global nickel intermediate products market. As the global new energy industry matures and the production of electro-deposited nickel continues to expand, the supporting capacity of global nickel salt refining, ternary cathode material precursors, ternary cathode materials, and refined nickel producers has increased. The price changes of Indonesia MHP FOB have a significant impact on the global MHP price trend. When analyzing the global supply and demand relationship of nickel hydrometallurgy intermediate products, the "Indonesia factor" is becoming increasingly important. ℹ 𝗧𝗵𝗲 𝗽𝗿𝗶𝗰𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁: https://lnkd.in/gFqaqzzn For queries, please contact Michael Jiang at michaeljiang@smm.cn #MHP #nickel #cobalt #hydroxide #EV #battery #Indonesia #intermediate #nickelproducts #processing #rawmaterial #criticalminerals #nickelproducts #smelting

LOTTE'S NAPHTHA CRACKER IN INDONESIA NEARS COMPLETION Malaysia's Lotte Chemical Titan, a subsidiary of South Korean petrochemical producer Lotte Chemical, has almost finished building a naphtha cracker in Merak, northwest of Indonesia's Java island. The cracker is 95pc finished and commissioning is targeted for early 2025, Lotte Chemical said. Commercial start-up is targeted for around July 2025. Once it comes on line it will be the second and largest cracker in Indonesia after petrochemical producer Chandra Asri's 900,000 t/yr naphtha-based ethylene cracker in Cilegon, northwest of Java. The new cracker will have an ethylene capacity of 1mn t/yr, alongside 600,000 t/yr of propylene capacity. Construction began in 2022 after a year of delay because of the Covid-19 pandemic. Lotte Titan initially wanted to build an integrated 500,000 t/yr polyethylene (PE) plant but this was called off and ethylene supplies from the new cracker will feed into its existing standalone 450,000 t/yr PE unit in Merak, which currently solely relies on imported ethylene. Lotte Titan has been importing ethylene from the spot market and from its Malaysian 820,000 t/yr cracker in Pasir Gudang, Johor to meet its PE needs. An ethylene surplus of up to 550,000 t/yr from the new cracker will be offered in the merchant market for sale to other Indonesian downstream converters and for export. Lotte Titan will also start a month-long test run at a new 500,000 t/yr polypropylene unit by the end of 2024. This will require it to buy propylene, probably from nearby producers in southeast Asia. The start-up of Lotte Titan's new cracker will significantly reduce Indonesia's ethylene imports, by at least 450,000 t/yr going by Lotte Titan's PE capacity. Indonesia is the largest importer in southeast Asia and second largest in Asia after China. Indonesia imported 850,636t and 880,527t of ethylene in 2022 and 2023 respectively. By comparison, China imported 2.07mn t and 2.13mn t of ethylene in 2022 and 2023 respectively, customs data show. By Toong Shien Lee Copyright © 2024. Argus Media group. All rights reserved.

📢 #China #BOPP #output to climb⬆ 10.83% YoY in Q1 on #capacity expansion China's BOPP #production is expected to increase⬆ by 10.83% YoY in the Q1 2024, reaching a total of 1,215,800 tonnes. This growth is attributed to new capacity that was added in December 2023 and January 2024. As learnt by Mysteel OilChem, a batch of new capacities, totaling 210,000 tonnes/year, will likely to come on stream in H1 2024: -90,000 t/y in Fujian -120,000 t/y in Shandong ....... 👉 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/gSJ_9ePd #chemicals #pp #polypropylene #olefin #plastic