Market Flash

Yesterday, the domestic phenol market atmosphere was general, with a slightly lower focus. Despite the firm's still strong price, the downstream market is weak, the high level transaction is weak.

• Phenol

Yesterday, domestic pure benzene market went up, crude oil prices rose, external prices rose steadily, New York crude oil rose 0.79% to $54.93.

• Benzene
• Pure

Yesterday, the domestic acetone market was consolidated, the news was quiet at the beginning of the week, traders were still bidding, it was difficult to find low prices.

• Acetone

Yesterday, the domestic styrene market was weak and stable. With the price continuing to explore, the downward momentum continued to weaken.

• styrene

Yesterday, the domestic toluene market continued to rise. Since Thursday, the international crude oil shock rebounded.

• Toluene

Data released by the National Bureau of Statistics on August 5 show that coal prices across the country fell steadily in late July.

• coal
• price

Acomar said it would buy Lambson, a Wetherby-based maker of specialty chemicals, which advertises itself on its website as a global supplier of raw material solutions.

• product
• supply

Kuwait-based MEGlobal’s 750,000 tonne/year ethylene glycol (EG) project in Oyster Creek, Texas, US is on track for mechanical completion by early September 2019, an official told ICIS on Monday.

• ethylene
• glycol

Chevron Lummus Global (CLG), a joint venture between Chevron USA Inc. and McDermott, has been awarded the license and engineering contracts for a 270-ktpa lubricants base oil plant.

• Chevron
• oil
• plant

The Tamil Nadu-based Central Electrochemical Research Institute (CECRI), a research institute under the Council for Scientific and Industrial Research, has decided to set up a factory to produce batteries for electric vehicles.

• electric
• vehicles

On June 6, the Information Office of the State Council held a press conference to introduce the general plan of the new area of Shanghai Free Trade Experimental Zone and answer questions from reporters.

• FTZ
• trade

The International Hydrogen Energy Commission predicts that by 2050, hydrogen energy and hydrogen technology will generate a global market of more than $2.5 trillion.

• hydrogen
• energy

According to Zhang Jingtao, deputy general manager of CNPC North China Petrochemical Company, since October last year, the company began to put aviation kerosene pipeline into operation.

• airport
• energy

Angola surpassed Brazil and Russia in July to become the largest supplier of crude oil to China's independent refineries, with imports of 1.84 million tons, according to a monthly S&P survey on Monday, August 5.

• crude
• oil

On August 6, Shandong Port Group was founded in Qingdao today with its headquarters in Dagang and Li Fengli as its general manager.

• Qingdao
• port

According to the latest data released by the National Bureau of Statistics on August 5, in late July, the price of coke (secondary coke) was set at 1816.5 CNY/ton, up 72.2 CNY/ton from the previous period, or 4.1%, for the first time since mid-June.

• secondary
• coke

In August, due to the influence of typhoon, the increasing rainfall weather, the daily consumption of power plants or difficult to maintain at a high level, coupled with the high inventory of power plants, coal prices are difficult to rise.

• power
• consumption

In terms of railway passenger transport, since the start of summer transport on July 1, the passenger flow has remained high, with 348 million passengers sent by National Railways in July, an increase of 9.7%.

• railway
• delivery

Since August, when some spot traders are still bullish, the price of power coal in Bohai harbor has fallen again due to the double effects of price reduction of large coal enterprises and daily consumption decline of coastal power plants.

• power
• coal

In the first half of 2019, China's service consumption accounted for 49.4% of residents'final consumption expenditure, compared with the 60% or so of the service consumption in developed countries.

• service
• consumption