rongsheng singapore quotation

China"s economy is recovering from a trough hit in the second quarter, with oil demand expected to rebound next year as Beijing eases COVID-19 restrictions, senior Chinese refining executives said on Wednesday. The recovery will come on the back of an expected contraction in oil demand in the world"s biggest energy consumer in 2022, the first in two decades, as China"s zero-COVID policy ravaged its economy and restricted movements. "This year we have seen the decline of imports of crude oil, first time in many, many years in China," Chen Hongbing, deputy general manager at Rongsheng Petrochemical, told a forum at the 38th Annual Asia Pacific Petroleum Conference (APPEC).

SINGAPORE (Reuters) - Private Chinese oil refiner and petrochemical manufacturers Hengli Petrochemical Corp and Rongsheng Petrochemical Corp have each hired a new executive for its Singapore trading desk, company officials said on Wednesday.

Separately, Zhu Yanyu, previously a veteran oil products trading manager at state-owned oil and gas company PetroChina, started in June at Rongsheng Petrochemical (Singapore) Pte Ltd as a deputy general manager in charge of refined products trading, said two company officials.

The Singapore operation is the international trading unit for Rongsheng Petrochemical Corp, which is a key stakeholder in Zhejiang Petrochemical Corp (ZPC), one of China’s largest private refiners which operates a 400,000 barrels per day refinery in east China’s Zhoushan.

SINGAPORE, Dec 5 (Reuters) - Chinese conglomerate Zhejiang Rongsheng Holding Group has hired a senior crude oil trader to be based in its Singapore office, a company official said on Tuesday.

Trader Ray Liu, formerly from BB Energy and Sinochem Corp, will join Rongsheng International Trading Co in January, said the official who declined to be named.

The company set up a trading office in Singapore last year which will handle crude purchases as well as the trading of oil products and petrochemicals.

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Anton Wolfsberger is the Vice President, Global Marketing, Packaging & Circular Economy based in Singapore. He is responsible for developing and commercialising new solutions for Borouge’s packaging business, defining and implementing a long-term strategy and developing strategic partnerships across the value chain. He is also the key strategic driver of Borouge’s overall circular economy ambition.

Anoop joined Braemar ACM in 2016 and is based in Singapore. He is responsible for global tanker modelling, forecasting and bespoke research and consultancy work. He is regular presenter at industry conferences, focusing particularly on developments in the oil and tanker sectors. Prior to joining Braemar ACM, Anoop headed the strategy development and performance management team for AET.

Rakhi Rastogi serves as the global head of market research and analysis for Cargill’s Ocean transportation business and Energy activities, based in Singapore.

Rakhi started her career with Cargill as a credit risk analyst in Geneva, Switzerland and later became a global commodity analyst in ferrous markets, moving to Singapore to set up the analytics function for Cargill’s Metals business. She moved in 2017 to lead analytics for Cargill Ocean transportation in APAC and then globally. Last year, she was given the additional portfolio on energy analytics.

Sanjay has held various positions in the private and public sector across his career. Prior to joining GCMD, he was the Executive Director of the Singapore Maritime Institute which is responsible for funding maritime research projects with industry and building local capabilities in the maritime sector, an appointment in 2018 after more than 2 years as a Programme Director/Senior Scientist at the Energy Research Institute at the Nanyang Technological University ([email protected]) managing the NRF funded Smart Multi Energy System project.

He is currently a council member of the Sustainable Energy Association of Singapore (2011) and a member of MTI’s Pro-Enterprise Panel (2019). In 2020, he was also appointed to the Management Committee of Ecolabs, The Centre of Innovation for Energy, Advisory Board for Qi Square and District Councillor for the Central Singapore Community Development Council.

Qiunan Wu is the Chief Economist at PetroChina International Co., Ltd, covering market analysis and strategy research. He is also the Deputy General Manager of PetroChina International (Singapore) Pte Ltd in Research and Information Technology.

He has held various senior positions in oil trading in Sinochem and ChinaOil (Petrochina Internation). Before Rongsheng, he was an associate director with Macquarie and has acquired more than 20 years of experiences in oil industry.

Galid Lahdahda is a Dutch national who has been living and working in Asia for over 10 years. He started his career 2 decades ago with ABN AMRO Bank where he was working with its large European Energy and Commodity clients. After moving to Singapore to join Standard Chartered Bank’s regional Oil & Gas Group, he has been specializing in providing financial services to companies that operate in the oil and gas and wider energy sector.

Ganesh Gopalakrishnan is the Global Head for Petrochemicals Trading for TotalEnergies and oversees teams in Singapore, Shanghai, Geneva and Houston. He started as a Technical service Engineer in Singapore and after multiple roles, moved to the USA to manage Styrene and Aromatics businesses for the Americas. He later moved to Hong Kong to start up the Petrochemical marketing and trading activity for Asia in 2012. He has been with the company for 25 years and is now based in Singapore, managing the global trading activities and price risk management for Petrochemicals.

Vandana Hari is Founder & CEO of Vanda Insights, a Singapore-based provider of global oil markets macro-analysis. She has 25 years of experience providing intelligence on the global energy markets to stakeholders in the petroleum industry, policy-makers, and wealth managers.

Russel has over 30 years’ experience within the energy industry, joining Vitol in 1993 from BP. He has held a number of trading and management roles in Singapore and London.

For 2 years, Ching also supported The National Kidney Foundation in Singapore, where she led the implementation and growth of the corporate sponsorship department.

Prior to this role, Dave was Global Head of Oil Content for two years. Before relocating to London in 2010, Dave was Senior Editorial Director for Asia, managing Platts’ editorial and analytical groups in Singapore, Japan, Australia, the Philippines, and China.

Garrie Li, Vice President, Industry Executive Advisory Asia, has 39 years of experience in the chemical industry. He began his career with Dow Chemical in Hong Kong and held marketing and management positions in Hong Kong, Canada, Singapore, and Thailand, managing products including membranes, epoxy resins, cracker feedstocks, olefins, and aromatics.

After leaving Dow in 2004, he conducted a strategic study for Methanex Corporation in China. Garrie joined CMAI in Singapore in 2005, launched and led the Asia Light Olefins market advisory service, then transited into consulting and was appointed Managing Director of CMAI Asia. He joined BASF in Singapore 2007 and held management positions in Singapore and then Hong Kong, managing products such as steam cracker products, isocyanates, and polyamides in Asia Pacific. Garrie retired from BASF as Vice President, Polyamides & Precursors Asia Pacific in 2018, and joined IHS Markit, now part of S&P Global, in his current position in 2020.

Jenny Yang, Senior Director, S&P Global Commodity Insights, leads the practice on Greater China’s natural gas and low-carbon gases. Based in Singapore, Ms. Yang focuses on China’s gas and power market fundamentals and policy analysis. Her recent research includes China’s hydrogen policies and market development progress, energy market reforms, air pollution control and environmental policies and the implications on energy demand, LNG procurement strategies, and the impacts of Chinese energy policies and demand on the global market. She also has extensive knowledge of electricity load forecast, peak demand management, pricing and structuring of electricity products, power retail operations, and electricity market deregulation.

JY Lim is currently Advisor of Asia-Pacific Oil Markets at Platts Analytics, a part of S&P Global Commodity Insights in Singapore. Part of his role is to develop Platts Analytics’ outlook for Asian crude and product markets. This includes analysis of refining capacity and margins, regional product pricing and cracks, regional crude and product flows and inventories, as well as various topics impacting product demand. He joined PIRA before it was acquired by Platts. JY held positions with other energy consulting firms, including FGE and KBC, with a similar focus on Asian oil markets.

Currently based in Singapore, Kang is in the S&P Global Commodity Insights leadership team and leading a team of global macro, demand and Asia analysts.

Mr. Larry Tan heads S&P Chemicals Insight APAC Team. He is based in Singapore. Larry has been in the oil and petrochemical industry for over 38 years. His current role is to help downstream companies shape their strategic growth options in the chemicals sector through providing data, analytics and insights.

Pradeep Rajan leads the team of editors based in Singapore who are responsible for Platts coverage of the Asia Pacific shipping markets. He was the first tanker market editor to join the team, and was closely involved in the launch of the Dry Freight Wire – Platts’ first publication covering Capesize, Panamaz, Supramax, Handymax and Handysize segments.

Before joining the firm, Mr. Das worked for ExxonMobil, Singapore, and NOCIL, India in various technical, commercial, and leadership assignments. The roles include refining/ petrochemical technical support, site-level utility and energy management, and regional market advisory. Mr. Das was responsible for analyzing business opportunities and developing and implementing strategies to improve business line profitability.

He joined Purvin & Gertz in 2005, which was acquired by IHS Markit in 2011, and in turn acquired by S&P Global in 2022 and is based at their Singapore office. Mr. Narayanaswamy has more than 30 years of diverse oil industry experience spanning both refining and petrochemicals.

He previously had Lube basestock Operations and Process Engineering, Production Planning, Asia Pacific Petrochemical Feedstocks Economics and Optimization, and Manufacturing Advisor for Aromatic facilities globally with increasing responsibilities at ExxonMobil, Singapore where he worked for 11 years. Prior to that, he worked at Hindustan Petroleum at their Mumbai refinery, India.

Samar Niazi is the Managing Editor for aromatics with the Asia Petrochemicals team, based out of Singapore for S&P Global Platts, a leader in commodities benchmarks worldwide. She leads a team that covers aromatics benchmark markets including paraxylene, benzene, mixed xylenes, etc. She was previously handling multiple agriculture markets in Asia. She has worked at a major commodities trading firm handling oil markets.

Vanessa joined S&P Global Platts in 2004 working as an oil reporter in London moving to Singapore in 2012 joining the Platts’ Price Group as an oil and shipping methodology and operations specialist.

RONGSHENG PETROCHEMICAL CO., LTD. is a China-based company principally engaged in the research, development, manufacture and distribution of chemicals and chemical fibers. The Company’s main products include aromatics, phosphotungstic acid (PTA), polyethylene terephthalate (PET) chips, terylene pre-oriented yarns (POYs), terylene fully drawn yarns (FDYs) and terylene draw textured yarns (DTYs), among others. The Company distributes its products in domestic market and to...More