Market Flash

From September 18 to 19, the on-site meeting of material, bidding and equipment management of the Group Company was held in Xinjiang Oilfield.

• material

At present, the serious situation of environmental security inspection has been normalized, and its impact on the main production areas is limited as a whole.

• power
• coal

In January this year, the cross-border migratory insect moth Spodoptera exigua invaded China for the first time, which posed a direct threat to China's food production.

• rural
• development

On September 1, the Shunbei block of Northwest Oilfield produced 2,200 tons of crude oil and 850,000 square meters of natural gas.

• production
• capacity

Bruch Petroleum of the United Arab Emirates awarded the contract for refinery construction to Seine of Spain.

• Petroleum

According to data released by the Ministry of Finance on September 17, in the first eight months of this year, the national general public budget revenue was 137.61 billion yuan.

• fiscal
• revenue

According to market news, the coke price of a large coke enterprise in Luliang, Shanxi, has been raised by 100 CNY/ton recently.

• coke

On the afternoon of September 12, China Aviation Oil Group held a video conference on production and operation in September.

• aviation

China's refinery profit margin rebounded in August and new plant capacity increased.

• oil
• refining

On September 16, the National Development and Reform Commission (NDRC) website published the national electricity and coal price index in August 2019.

• electricity

The shutdown of Saudi Arabia's Abu Ghaig and Hurice crude oil processing plants not only reduced crude oil production by 5.7 million barrels per day (about 7% of global production).

• crude
• oil

European polypropylene (PP) producers increased export prices for October shipments to the CIS countries after the monthly propylene contract rose by €10/tonne.

• PP

Global economic growth is expected to slow further, with more choppy conditions in Europe and China.

• economic
• growth

Australia’s prospective sulphate of potash (SOP) producers continue to accelerate in the race to be first to market with low-chloride fertilizer drawn from Western Australia’s brine-rich lakebeds.

• SOP

Agilent Technologies Inc. has introduced a new, self-aware mass detector into their comprehensive LC/MS portfolio for the Indian market.

• LC/MS

On September 18, the SASASAC of the State Council held a media briefing on "deepening reform, adding vitality, striving for a new era".

• net
• profit

On September 17, 2019, Foreign Ministry Spokesperson Hua Chunying hosted a regular press conference.

• oil

According to the voice of China at this very moment, with the coming heating season in the north, in order to ensure the seasonal demand of coal for heating in winter.

• heating

It shows that the price of the coal continued to decline sharply after a slight pause in August.

• coal

Over the past 70 years, China's energy production has achieved leapfrog development, and its basic security role has been continuously strengthened.

• output