A massive surge in China's manufacturing capacity for paraxylene, a petroch...
) and Hyundai Cosmo Petrochemical and domestic producer Dalian Fujia are expected to drop further, likely causing a rollback in output and decline in earnings.
China’s Hengli Group launched in March a PX plant capable of producing 4.5 million tonne per year in the city of Dalian and Zhejiang Petrochemical is slated to start a 4 million tpy plant in Zhoushan late in 2019. “The $600-$700 margin was crazy and unlikely to be repeated,” said Ma Xiumei, a purchasing executive at Hengli Group, which has cut its PX imports by nearly half this year.
“One of our headaches for the latest earnings was falling margins of PX,” said Yoshiaki Ouchi, JXTG’s senior vice president earlier this month after firm reported a 88% slide in quarterly profit.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Japan Inc backs Abe's tough trade stance vs South Korea amid row: Reuters pollJapanese companies broadly support Prime Minister Shinzo Abe's tough trade ...
Consulte Mais informação »
Japan allows further exports of high-tech material to South KoreaJapan has approved shipments of a high-tech material to South Korea for the seco...
Consulte Mais informação »
Less bluster, but no compromise seen as South Korean, Japan ministers meet in ChinaSouth Korea and Japan have toned down the rhetoric but show little sign of compr...
Consulte Mais informação »
Japan surpasses China as largest foreign holder of US TreasurysJapan surpassed China as the largest foreign holder of U.S. Treasurys earlier this week.
Consulte Mais informação »
Japan manufacturers turn pessimistic for first time since 2013: Reuters TankanJapanese manufacturers turned pessimistic about business prospects for the first...
Consulte Mais informação »
Japan shrine for war dead vandalized by man claiming to be ChineseJapanese police on Monday arrested a man claiming to be Chinese for throwing a b...
Consulte Mais informação »