Market Flash

Shenhua Ningxia Coal Industry Co., Ltd. Second Phase (hereinafter as Shenhua Ningxia Coal II) has completed and started up its new PP and PE plants at its second CTO complex.

• PE
• PP
• Coal

It was reported that on Sep 11, Yibin Grace and Switzerland Rieter held strategic cooperation signing ceremony in Winterthur City in Switzerland.

• Spinning

Rwanda Development Board (RDB) has signed a memorandum of understanding (MoU) with Huajian Group, a Chinese business and investment company specialising in shoe manufacturing

• Textile
• China

Impossible Foods Inc announced the launch of production the company’s first large-scale plant.

• Meatless
• Burger

China has for the first time set a targeted timeline to roll out the use of ethanol in gasoline nationwide for cars by 2020, part of its efforts to clean up pollution and optimize the country's energy mix.

• Biofuel
• China

Axalta’s Nap-Gard powder coatings are formulated for use on external and internal oil, gas and water pipelines with single, dual and multi-layer application options.

• Axalta
• Coatings

Fbre manufacturers which have endeavoured to introduce green products into the early stages of textile production, displaying their innovations to seek buyers. The expo is to be organised during October 11-13 in Shanghai.

• Yarn

Chinese industrial giant Shandong Ruyi is planning its first North American gigantic textile factory in a small town in the southern U.S. state of Arkansas which will not only transform the state but it's expected to create 800 jobs.

• Textile
• China
• Cotton

Five oil refineries remain shuttered as of Monday, according to S&P Global Platts, an energy research firm. Ten more are partially shut down as they attempt to recover from historic flooding.

• Texas
• Oil
• Harvey

Saudi Aramco will cut crude allocations to its buyers by 350,000 barrels per day in October, according to an insider source who spoke to Reuters.

• Saudi Aramco
• OPEC

Take it from the leaders of two of the largest oil companies on the planet, renewable energy is changing the future of the upstream business.

• BP
• Shell

Libya’s largest oil field, Sharara, will resume production following a two-week halt, after a pipeline blockade ended yesterday. This is what an unnamed source from Libya’s oil industry told Reuters, with the Sharara to resume...

• Libya
• Oil

Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) and its partner BP Plc are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.

• BP
• Reliance

The Chinese MDI market increased dramatically. Up to September 7, the mainstream negotiation price of TDI was in the range of RMB 35,000-35,500/mt by cash in the Chinese market, which was up RMB 5,000/mt and the increase rate was 16.53%.

The TDI price was stable this week. The TDI prices in North and East China were range-bound, while these in South China decreased slightly.

Some 837 million U.S. dollars in foreign trade deals were signed at the China-Northeast Asia Expo which closed Tuesday in Changchun, capital of northeast China's Jilin Province. The five-day event drew more than

• Trade
• China
• Asia

Technavio has published a new report, which states that the superhydrophobic coatings market is set for impressive growth through to the year 2021.

• Coating
• Textile

The prospect for the cotton crop in the US has been lifted above 20 million bales, an 11-year high. This is despite damage from Hurricane Harvey.

• Harvey
• Cotton

The Chinese sec-butyl acetate market was firm and prices for some goods increased slightly this week.

In an interview,Gautam Kumar Bhalotra, Managing Director, Plating Sheen Chem (India) Pvt Ltd (PCI Chemicals)with Chemical Today Magazine mentions how electroplating chemicals have evolved and that the country has become self-sufficient in the segment.

• Electronic