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12th Oleochem Outlook 2015 Date:July 8-9 Venue:Xiamen,China

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  • Contact: Jill Zhang
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       With the continuous low and imbalanced recovery of global economy, Chinese economy is moving to the new normal with growth power switch and development mode transformation. Increasing traditional comparative advantage is in recession, external disadvantage is still weakening rapid-growth expectation in next two years. Therefore, Chinese economy in future two years will face severe situation in which economic growth speed will be in a track of steady and slight decline. Under this circumstance, how does oleo chemical industry move forward?

 

      In 2014, the crude oil price shocks down, the New York and London oil prices went down as a whole trend with gradually increased volatility quite different from its stable trend in 2013. From the beginning of 2015, the crude oil price decreased continuously. Under such circumstance, where is the Oleochemical Industry going?       

      

      For raw material part, palm oil price going down under the pressure of decreased crude oil price. According to the survey to ITS and SGS, the Malaysia palm oil export increased by approximately 17% over the same period last month with the downward trend of price. As the saying from Malaysian Crop Industry and Commodities that the export tax of palm oil will be recovered from March. Will this measure help to improve the palm oil price? How to give a future prediction of palm oil price? With the overcapacity of fatty alcohol industry, how to seek the balance of supply and demand for the fatty alcohol factories? In addition, surfactant industry will be faced with a new trend. Evonik have launched a surfactant product--TEGO Betain P 50 C; BASF and Clariant concentrating on the R & D of “Low-foaming surfactant”. So will the surfactant ushered a new century?

 

      Meanwhile, the biodiesel factories suffered a lot from the crude oil price. According to reports, the crude glycerin import of February is only 43 thousand compared with 76 thousand tons in January. The Indonesia exports reduced by approximately 12 thousand tons compared with last month. With the supply reduction of crude glycerin, its price going up obviously . Also the price of refined glycerin rise with the crude ones. How will the refining factories face with the short supplied crude glycerin market? Will the crude glycerin price meet a new peak?

 

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