China Chemical Reporter back issues from May 2008:
Margin narrowed.
May 06, 2008; ... April is the most suitable month for holding an exhibition. Three important chemical exhibitions--The 8th China International Dye Industry, Pigments and Textile Chemicals Exhibition (China Interdye 2008); the 22nd International Exhibition on Plastics and Rubber Industries (Chinaplas 2008); ...
China raises tariffs on fertilizers to ensure domestic supply.(Policy, Economy & Finance)
May 06, 2008; ... China officially increases export tariffs on fertilizer products and related raw materials by 100% on the basis of the existing export tariffs 35%, effective April 20th to September 30th, 2008. The Ministry of Finance announced on April 17th. Following this, on April 18th, the ...
Resource tax reform postponed again.(Policy, Economy & Finance)
May 06, 2008 ... With the surge of energy prices such as oil and coal, and the energy conservation and emission reduction issues becoming so severe, Chinese leadership wants to speed up the resource tax reform. (CCR2008, No. 11, Page 5) Nevertheless, experts think that, since China's CPI index is at a ...
Sinopec Corp. posts 2007 annual results.(M & A, Business & Trade)(Financial report)
May 06, 2008 ... China Petroleum & Chemical Corporation (Sinopec Corp., HKEX: 386; NYSE: SNP; LSE: SNP; SH: 600028) announces its annual results for 2007. Under PRC accounting standards for business enterprises, the Company's operating income increased by 13.5% to RMB1 204.84 billion. Net profit ...
Honeywell Resins & Chemicals strengthens presence in Chinese market.(M & A, Business & Trade)
May 06, 2008; ... On April 19th, Honeywell Resins & Chemicals indicated that China has become one of its most important strategic markets in the world. Forward-looking investments in the Chinese market by Honeywell Resins & Chemicals during the past two years have ensured it of its ability for sustained ...
USA launches dumping investigation into HEDP.(M & A, Business & Trade)
May 06, 2008 ... On April 9th the United States decided to launch a dumping investigation into hydroxyethylidene diphosphonic acid (HEDP) from China and India. On March 19th Compass Chemical ...
USA preliminary antidumping ruling on sodium nitrite.(M & A, Business & Trade)
May 06, 2008 ... On April 17th the United States made a preliminary antidumping ruling on sodium nitrite originated from China and Germany. The dumping tax is 190.74% for Chinese companies including Qingdao Hengyuan Chemical Co., Ltd. and Hualong Ammonium ...
CNOOC Oil Base Group to list on domestic stock market.(M & A, Business & Trade)
May 06, 2008 ... CNOOC Oil Base Group is making efforts to list on the domestic stock market in the first half of 2008, according to Fu Chengyu, the General Manage of CNOOC. CNOOC Oil Base Group, established in December 2004, is a wholly-owned subsidiary of CNOOC (China National Offshore Oil ...
Shuanghuan expects prosperous soda ash sector for 2008.(M & A, Business & Trade)
May 06, 2008 ... Hubei Shuanghuan Science & Technology Stock Co., Ltd. (Shuanghuan, SZ: 000707) accomplished an operating revenue of RMB 1.302 billion in 2007, an increase of 29.24% over the previous year. The net profit was RMB94.6677 million, an increase of 205.19%. The earning per-share was RMB0.20. ...
BASF underlines commitment to innovation for Chinese market.(M & A, Business & Trade)
May 06, 2008; ... BASF announces it will once again demonstrate its commitment to applying world-class solutions to support the challenges and demands of China and Asia's booming industries at ChinaPlas 2008 from April 17th to April 20th. Automotive, packaging, electrical and electronic, construction, ...
EPS of RMB1.72 in Xinan Chemical Industrial.(M & A, Business & Trade)(earning per-share)(Financial report)(Brief article)
May 06, 2008 ... Benefited from the price rise of glyphosate, the operating revenue accomplished by Zhejiang Xinan Chemical Industrial Group Co., Ltd. (SH: 600596) in 2007 was RMB3 829.79 million, an increase of 32.91% over the previous year. The net profit was RMB494.6193 million, an increase of 50.10% ....
Global partner local presence: Bayer MaterialScience highlights color competence in China.(New Setup, Agreement & Plan)
May 06, 2008; ... On April 18th, Bayer MaterialScience announced the establishment of new facilities in China aimed at further strengthening its ability to provide highly-tailored solutions to its customers in the polycarbonate (PC) industry. Together, the new Customer Interface Center (CIC) and ...
Two 800 000 t/a alumina units approved in Shanxi.(New Setup, Agreement & Plan)
May 06, 2008 ... In March 2008 the National Development and Reform Commission (NDRC) approved the Aluminum Corporation of China Limited to launch an 800 000 t/a alumina project at Long' erhui, Xiwatang Town, Xing County in Shanxi province. The project will use the Bayer process. A 50 MW co-generation ...
XinAo Group conducts wet commissioning on 600 thousand t/a methanol project in Erdos.(New Setup, Agreement & Plan)
May 06, 2008 ... On April 11th, XinAo Group (ENN Group), a leading clean energy company in China, announced that it will soon conduct wet commissioning on its 600 thousand t/a methanol facility at Erdos site of Inner Mongolia, northern China. The project is scheduled for startup at the end of 2008. ...
Arkema reaffirms ambition to develop technical polymers activity in Asia.(New Setup, Agreement & Plan)
May 06, 2008 ... At a press conference in Shanghai, Arkema reaffirmed its commitment to developing in Asia its Technical Polymers activity, one of its key sectors that accounts for sales of 800 million Euros, i.e. 14% of its overall sales. With fast-growing markets such as automobile, ...
Jidong Cement to construct clinker cement production line.(New Setup, Agreement & Plan)
May 06, 2008 ... Hebei Jidong Cement Co., Ltd. (SZ: 000401) announced on April 22nd that the company intends to establish a new company named Jidong Cement Huludao Co., Ltd. for constructing a 4 500 t/d clinker cement production line and a matching pure low-temperature waste heat power generation in ...
GMZ Energy serves new generation of greener products.(New Setup, Agreement & Plan)(Brief article)
May 06, 2008 ... On April 22nd, GMZ Energy announced the availability of a breakthrough material designed for a new generation of cleaner, more energy-efficient products. The new thermoelectric material, nanotechnology-based and environmentally friendly, effectively turns waste heat into electrical power ...
SES and YIMA to build coal chemical plant.(New Setup, Agreement & Plan)
May 06, 2008 ... On March 24th, Synthesis Energy Systems, inc. (SES) and YIMA Coal Industry Group Co. Ltd. (YIMA), a large Chinese integrated coal company, announced the establishment of the joint project office responsible for developing their planned integrated coal gasification to transportation fuels ...
Coal-based dimethyl ether project in Inner Mongolia.(New Setup, Agreement & Plan)
May 06, 2008 ... On April 11th, the National Development and Reform Commission announced on its website the state has approved the environmental evaluation report on an 1.2 million t/a dimethyl ether facility in Inner Mongolia. The proposed facility is selected to locate at Wudinghe Town, ...
Energy administration and energy mix in China.(Energy)
May 06, 2008 ... With the rapid growth of the economy in China, the production and consumption of energy is increasing significantly. The output of the primary source of energy in China was equivalent to 2.37 billion tons of standard coal in 2007, with 2.65 billion tons consumed, making China the second ...
Price of LPG slightly rises.(Energy)
May 06, 2008 ... Quite a few refineries under Sinopec Group and CNPC conducted overhaul in March, including Wuhan Petrochemical Company Ltd. and Zhenhai Refining & Chemical Co., Ltd. Dagang Oilfield discontinued transmission of crude oil to overhaul pipelines. Due to the high price of LPG in the ...
Fuel oil price to be maintained at high level.(Energy)
May 06, 2008 ... Following the surging price of fuel oils in the international market, the price of fuel oil in the domestic market increased greatly in March 2008. The monthly average market price of domestic fuel oil 250# was RMB4 341 per ton in southern China, an increase of 15.4% over the previous ...
Dalian Petrochemical completes diesel hydrofining unit.(Energy)
May 06, 2008 ... PetroChina Dalian Petrochemical Co., Ltd. opened a 6 million t/a diesel hydrofining facility in Dalian site of Liaoning province on March 31st, 2008, according to the company source. The startup of the RMB800 million facility will boost Dalian Petrochemical's processing capacity ...
Registrations for chaemical exported to China.(Health, Safety & Environment)
May 06, 2008; ... (Continues page 13 of issue 12) 2.5.1 Purpose and scope of the registration for hazardous chemicals Purpose of the registration: establish a dynamic administration database of hazardous chemicals and enable government departments at various levels to fully understand ...
Shanxi rewards cities for improvement in air quality.(Health, Safety & Environment)
May 06, 2008 ... Seven cities in China's Shanxi province, including Xinzhou, Jinzhong, Datong and Linfen, have each been awarded RMB2.0 million by the provincial government for improvement of air quality. Starting in 2008, eleven key cities in Shanxi province will receive generous rewards if ...
Technology for sewage treatment.(Health, Safety & Environment)
May 06, 2008 ... The technology for the oil product recovery and pre-treatment of sewage from super viscose oil processing developed by China University of Petroleum-Beijing has passed the research achievement appraisal organized by China Petroleum and Chemical Industry Association. According to water ...
China to implement national standards for energy consumption.(Health, Safety & Environment)
May 06, 2008 ... According to the information released by the Standardization Administration of China, nine compulsory national standards for energy consumption per unit products will be implemented from June 1st, 2008. These 9 compulsory national standards for energy consumption per unit ...
Calcium carbide sector maintains sound development trend.(Inorganics)
May 06, 2008; ... China's calcium carbide sector has stepped into a period of golden development in recent years. Accompanying the fast development, the sector also has some problems such as high consumption of energy, serious pollution and surplus production capacity, so the sector has become a major ...
Yongyin to construct caustic soda project.(Inorganics)
May 06, 2008 ... Recently Henan Yongyin Chemical Industry Co., Ltd., jointly established by Henan Yinge Industrial Investment Holding Co., Ltd. and Yongcheng Coal Electricity Holding Group Co., Ltd., announces to construct a production line with 160 000 t/a ionic membrane caustic soda ...
Wengfu plans new sulfuric acid Project.(Inorganics)
May 06, 2008 ... In March 2007 Guizhou Yunfu Chemicals Company Limited was established jointly by Duyun Chemical Industry Company Limited and Wengfu (Group) Company Limited (former Guizhou Hongfu Industry Development Corporation) for developing trade of phosphorus chemicals, chemical fertilizers, pyrite ...
Anhui Jingde mulls glass fiber project.(Inorganics)
May 06, 2008 ... Jingde County of Xuancheng city in Anhui province plans construction of a alkali-free glass fiber production project with a capacity of 30 000 t/a, and is finding potential cooperative partners recently. Jingde county is domestic large glass fiber production base that can produce 50 000 ...
Organic chemicals showed different price change.(Organics)
May 06, 2008 ... Adipic Acid In the end of March 2008, the demand for adipic acid was slack, however, due to high cost of imported goods, the price of adipic acid did not continue to be down. In early April, after Sinopec announced the settlement price in March and the listing price ...
Yangzi Petrochemical starts up butadiene unit.(Organics)
May 06, 2008 ... On April 16th, 2008 the 100 000 t/a butadiene unit of Sinopec Yangzi Petrochemical Company Ltd. went on stream in Nanjing, Jiangsu province. With a total investment of around RMB247 million, construction on the unit was started on March 20th, 2007, (CCR 2007, No. 11) and the ...
Sustained high price of TDI in 2008.(Organics)
May 06, 2008 ... 1 Consumption for flexible foams The apparent consumption of TDI (toluene diisocyanate) in China was around 405 000 tons in 2007, accounting for around 20% of the world total. The downstream consumption of TDI is mainly in the production of flexible foams, polyurethane ...
Is spring for water-based coatings really just around the corner?(Fine and Specialty)
May 06, 2008; ... Some coatings experts have been saying recently that spring for water-based coatings is just around the corner. The reason is a new solution to the acid/alkali resistance and the gloss of aluminum paste, an important pigment for water-based coatings. In my opinion, however, that conclusion ...
Dow Corning opens silicone rubber plant in Zhangjiagang.(Fine and Specialty)
May 06, 2008 ... On April 22nd, 2008 Dow Corning, a global leader in silicon-based technology and innovation, celebrated the opening of a new silicone rubber plant at Zhangjiagang, Jiangsu province, China. With an investment of multi-million US$ and occupying an area of about 6 000 square meters, the new ...
Synthetic rubbers keep high prices.(Polymer)
May 06, 2008 ... SBR In early April 2008, due to rapid ex-work price rise of oil-extended SBR in major domestic producer, the price of oil-extended SBR (styrene-butadiene rubber) was up quickly, and pushed the price of rosin SBR up. In the second half of April, the price of SBR ...
Lubrizol expands TPU plant near Shanghai.(Polymer)
May 06, 2008; ... On April 17th, Lubrizol Specialty Chemicals (Shanghai) Co., Ltd., a subsidiary of The Lubrizol Corporation (NYSE: LZ), has expanded it manufacturing facility in the Songjiang Industrial Zone near Shanghai, to meet the growing demand for specialty thermoplastic polyurethanes (TPUs) in this ...
Dow offers technical solutions and innovations.(Polymer)
May 06, 2008 ... The Plastics portfolio of The Dow Chemical Company ("Dow") exhibited at Chinaplas, from April 17th-20th, at the Shanghai New International Expo Center. Themed 'Think Solutions, Think Dow', the Plastics portfolio's program for Chinaplas 2008 exemplifies Dow as an innovative solution ...
New polyether ether ketone powders for composites.(Polymer)
May 06, 2008 ... At the Chinaplas Expo 2008, Evonik Industries' Chemical Business Area (the former Degussa) presented its high-performance polyetheretherketone granules and powders. The high-temperature polyether ether ketone (PEEK) compounds, first presented last year, are suited for injection ...
Aftermath of closing the biggest plastic bag plant.(Polymer)(Suiping Huaqiang Plastic Co.)
May 06, 2008 ... On March 6th, 2008 in Suiping, a small county in Henan province, several dozen workers of Suiping Huaqiang Plastic Co., Ltd. gathered before the gate of the county government once again in the rain. The company had an output of 250 000 tons and valued at RMB2.2 billion a year and was famed ...
Overhaul timesheet.(Polymer)(Brief article)
May 06, 2008 ... The old low density polyethylene production line of Sinopec Maoming Petrochemical Company has stopped operation since April 23rd. Sinopec Yangzi Petrochemical Company has stopped its No. 1 polypropylene production line since April ...
DSM launches new flame retardant.(Polymer)
May 06, 2008 ... DSM Engineering Plastics launches Arnitel[R] XG, a zero halogen flame retardant product, for cables insulation in consumer electronics. This innovative solution meets the UL VW1 specification which is the standard widely used by this industry. This product tailors to growing needs in the ...
When to lift restrictions on natural rubber import.(Polymer)(Conference notes)
May 06, 2008; ... In the 2008 forum on the development of the Chinese rubber market and the two conferences (the National People's Congress and the Chinese Political Consultative Conference), the future development of the rubber industry has benefited from the attention of many delegates. A series of chain ...
Constant progress resulted from sustained development of new technologies.(Polymer)(Nanjing Sunup Granulation Equipment Co., Ltd.)
May 06, 2008 ... Nanjing Sunup Granulation Equipment Co., Ltd. (Nanjing Sunup) has fixed its development orientation on the development and applications of granulation, drying and solid/liquid separation technologies and equipment. In the twelve years since its founding, the company has offered more than 1 ...
Commercial availability of nine developmental olefin black copolymers.(Polymer)
May 06, 2008 ... On April 10th, 2008 the Dow Chemical Company announced the widespread availability of nine developmental olefin block copolymers (OBCs) ....
SABIC strengthens its presence in China.(Company Focus)(Company overview)
May 06, 2008; ... Saudi Basic Industries Corporation (SABIC) is further strengthening its leadership position in China, the world's most important and fastest growing polymers market. SABIC is the largest exhibitor at Chinaplas, the most important plastics trade show in Asia. "SABIC Innovative Plastics was ...
Output of petroleum and chemical products in China in March 2008.(Statistics)(Statistical table)
May 06, 2008 ... <Pre> Output of Petroleum and Chemical Products in China in March 2008 Product Output inGrowth March 2008 000 tons % Crude oil ...
Import & export data in China in March 2008.(Statistics)(Statistical table)
May 06, 2008 ... <Pre> Import & Export Data in China in March 2008 CODE DESCRIPTION IMPORTMarch 2008 Quantity Value (kg) (US$ 1000) 23099010 Feed ...
Review of new economic and financial figures.
May 16, 2008; ... China's GDP grew at an annualized rate of 10.6% during the first quarter, compared with 11.7% in the same period of 2007 and 11.9% for the whole year of 2007, according to the State Information Center (SIC). This slow-down was attributed by SIC to factors such as the government adjusting ...
Aviation fuel prices to rise.(Policy, Economy & Finance)(China National Aviation Fuel Group Corporation)(Brief article)
May 16, 2008 ... According to China National Aviation Fuel Group Corporation (CNAFG), the surging price of oil in the international market and the irrational prices of aviation fuel in the domestic market have led to a loss in the company. CNAFG has recently submitted a report on the loss to the National ...
Possibility of cyclic reduction for chemical sector.(Policy, Economy & Finance)
May 16, 2008 ... As the global price of crude oil has constantly increased and hit a new historical high, the refining sector in China has suffered serious loss this year due to prices of oil products in Chinese market not in line with the global crude price. With the expectation of the economic decline ...
China strengthens further environmental protection.(Policy, Economy & Finance)
May 16, 2008 ... The "Eleventh Five-year Program for the Environmental Supervision Capacity" formulated by the Ministry of Environmental Protection has recently got the approval by the National Development and Reform Commission and the Ministry of Finance. The Program aims to establish an advanced ...
COSL eyes Norwegian Awilco Offshore.(M & A, Business & Trade)
May 16, 2008 ... China Oilfield Services Ltd. (HK: 2883, SH: 601808) is eyeing a Norwegian drilling rigs service company--Awilco Offshore. The Economic Observer reported on May 5th. COSL is the drilling and equipment arm of China National Offshore Oil Corporation (CNOOC), the third largest oil ...
Yuntianhua to increase stake in CPIC.(M & A, Business & Trade)(YUNTIANHUA Group Company Ltd.)(Chongqing Polycomp International Corporation)
May 16, 2008 ... Yuntianhua Group Co., Ltd. (Yuntianhua, SH: 600096) announced on April 23rd its Board of Directors have agreed to purchase a total stake of 6.4799% in Chongqing Polycomp International Corporation (CPIC), from Amiantit Co. of Saudi Arabia, PC International Co., Ltd. and Boris Company of the ...
China makes intermediate reevaluation ruling on dimethyl cyclosiloxane.(M & A, Business & Trade)
May 16, 2008 ... On April 24th the Ministry of" Commerce (MOC) announced that the antidumping tax for primary-form dimethyl cyclosiloxane (HS codes: 29310000 and 38249090) originated from Dow Coming Limited of Britain is reduced from 13% to 5.4%, effective April 25th, 2008. On July 16th, 2004 ...
Turkey launches antidumping sunset reevaluation investigation into bicycle casings and tubes.(M & A, Business & Trade)
May 16, 2008 ... On April 28th, 2008 Turkey decided to launch antidumping sunset reevaluation investigation into bicycle casings and tubes (HS code: 40115000 and 40132000) originated from China, India and Thailand. On September 18th, 2002 Turkey launched a ...
Potash fertilizer producers benefit from import price rise.(M & A, Business & Trade)
May 16, 2008 ... It is defined in the 2008 import contract for potash fertilizer that the FOB price of potash fertilizers will be increased by US$400 per ton on the basis of around US$180 per ton in 2007. That is to say, the 2008 FOB price of potash fertilizers will reach US$580 per ton, an increase of ...
PetroChina posts records in Q1.(M & A, Business & Trade)(Financial report)
May 16, 2008 ... On April 28th, PetroChina Company Limited (PetroChina, HK: 0857; NYSE symbol PTR; SH: 601857) announced the turnover reached RMB 259. 048 billion in the first quarter of 2008, a year-on-year increase of 41.9%, based on the International Financial Reporting Standards (IFRS). The net profit ...
AkzoNobel launches new brand strategy.(M & A, Business & Trade)
May 16, 2008 ... On April 28th, AkzoNobel, former Akzo Nobel, announced it has launched its new corporate brand. Symbolizing the company's fundamental transformation and determination to lead change, it embodies AkzoNobel's clear ambitions for the future and a passionate commitment to deliver Tomorrow's ...
CNOOC Ltd. unveiled Q1 results.(M & A, Business & Trade)(Financial report)
May 16, 2008 ... On April 28th, CNOOC Limited (NYSE: CEO, HK: 883) announced the unaudited revenue surged 61.8% to RMB24.034 billion. However the company did not disclose its net profit for the first quarter of 2008. CNOOC Ltd. recorded a net ...
China Coal Energy strengthens chemical business.(M & A, Business & Trade)
May 16, 2008 ... With the growing demand for coal in China in 2007 and the surging price of coal at home and abroad, China Coal Energy Co., Ltd. (SH: 601088) saw a rapid development for 2007. The company accomplished a total operating revenue of RMB36.823 billion in 2007, an increase of 29.9% ...
Xinfu Pharmaceutical saw 26 times increase of net profit.(M & A, Business & Trade)
May 16, 2008 ... Zhejiang Xinfu Pharmaceutical Company Ltd. (SZ: 002019) announced on February 19th that owing to the rapid rebound price of vitamin B5 and the increase of output and sales of vitamin B5 and D-panthenol, the company accomplished an operating revenue of RMB764.74 million in 2007, an increase ...
Lanhua announces records for 2007.(M & A, Business & Trade)
May 16, 2008 ... Shanxi Lanhua Sci-Tech Venture Co., Ltd. (Lanhua, SH: 600123) accomplished a main-business revenue of RMB3 461.0 million in 2007, an increase of 18.33% over the previous year. The total profit was RB860.9 million, an increase of 6.16%. The net profit was RMB574.6 million, an increase of ...
Datang invests in coal-based natural gas project.(New Setup, Agreement & Plan)
May 16, 2008 ... Datang International Power Generation Co., Ltd. (Datang Power, SH: 601991) reached an agreement with Beijing Gas Group Co., Ltd., its majority shareholder--China Datang Group Corporation and a capital firm on April 11th. Under the agreement, three sides intend to form a joint venture (JV) ...