Market Flash

Yesterday, the domestic DOP market rose partially, raw materials octanol and phthalic anhydride were still rising at a low level, phthalic anhydride was also reduced at a low price.

• DOP

A policy for reimbursement of freight subsidy for transportation of fertilisers through the coastal shipping route has been approved.

• fertiliser
• subsidy

Para-xylene (PX) is a high value, transportable chemical produced from heavy naphtha. It is one of two important feedstocks for the polyester chain (the other is monoethylene glycol, MEG), and demand for it has been rising steadily.

• para-xylene
• PX

Recently, the Global Base Oil Refining Guide 2019 shows that the Asia-Pacific region currently accounts for nearly half of the global base oil production after China's base oil production capacity has increased substantially in the past year.

• oil
• capacity

China has reiterated its intention to respond to the US tariff hike on imports of $200 billion worth of Chinese goods to 25% that kicked in on Friday but the lack of details about Beijing's next moves has left market participants hanging.

• China
• Tariff

According to data released by the State Administration of Foreign Exchange on June 27, China's current account and non-reserve financial account showed a surplus in the first quarter.

• balance of payments

Up to now, Yongdeng County has planned to build a new coal market with a construction site of about 5 mu, a factory shed of 800 square meters, and completed the management of land and other related procedures.

• coal
• management

The June Finance New China Manufacturing Purchasing Managers Index (PMI), released on July 1, recorded 49.4 percentage points, down from 0.8 percentage points in May.

• PMI

At the end of June, the scrap steel market ushered in another upsurge. Affected by Tangshan's announcement of production restriction policy, the bullish atmosphere of scrap steel market has increased significantly.

• steel

Towards the end of the month, the supply of the main origin is limited, sales are improving, pit inventory is decreasing, and prices are rising steadily.

• power
• coal

Yesterday, the coke purchase price of Shandong Mainstream Steel Works began to implement the second round of 100 CNY/ton reduction. The metallurgical coke market in Xuzhou, Jiangsu Province, followed closely.

• metallurgical
• coke

India's government increased on Friday its fertilizers subsidies by 14% but also emphasised that farmers should go back to "zero budget farming".

• fertilizer
• subsidy

The report shows that since the 70th anniversary of the founding of New China, China's national economy has continued to grow rapidly and its total economic output has reached a new level.

• per capita
• income

In late June, the coal price of the port changed from the stable operation in the early and middle stages, showing a straight upward trend. Up to now, the power coal in the 5500 cards market of Bohai Rim Port has risen from 595 CNY/ton to 610 CNY/ton.

• coal
• price

In the first half of this year, global economic uncertainties highlighted, greatly affecting investor confidence, but also brought challenges to global economic growth.

• economy
• growth

It is said that for a long time, the investment and innovation of China International Investment Promotion Association (Specialized Committee) has led Chinese enterprises to grasp new investment opportunities in the global competition.

• energy
• symposium

In April of this year, Guohai Maritime Wage Property Management Co., Ltd. officially unveiled its name. Its shareholders include seven state-owned enterprises such as China Shipping Heavy Industry and China Shipping Group.

• shipping
• capacity

In the second half of 2019, the power coal market will be facing steady increase of supply in production areas, relaxed import volume in the third quarter and tight situation in the fourth quarter, downstream power demand will continue to fall.

• coal
• market

Premier Li Keqiang will attend the opening ceremony of the Forum and make a special speech. He will meet with the Chairman of the Forum, Schwab, and the foreign leaders attending the Forum.

• Davos

Hunan Industrial Communications Industry Energy Conservation Supervision Center said that it would promote cooperation between the two sides, do a good job in the comprehensive energy planning of the park, and provide more perfect energy services for the

• energy
• cooperation