rongsheng petrochemical singapore private co ltd quotation

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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 overseas markets.

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.

Hengli Petrochemical International Pte Ltd, the trading unit for Hengli Petrochemical Co. Ltd, hired James Zhang, formerly Head of Energy, Asia, at ICBC Standard Bank, as its deputy president to drive the company’s strategy and its day-to-day operations, a company spokesman said.

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.

ZPC became the first private Chinese refiner to win Chinese government quotas to export low-sulphur marine fuel in April, and in July the firm was granted a license to export other refined products.

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Rongsheng Petro Chemical Co, Ltd. specialises in the production and marketing of petrochemical and chemical fibres. Products include PTA yarns, fully drawn polyester yarns (FDY), pre-oriented polyester yarns (POY), polyester textured drawn yarns (DTY), polyester filaments and polyethylene terephthalate (PET) slivers.

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

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

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*Several banks held meeting in discussion of key work in Q4 which list credit injection as key task and issued measures include ease credit entry barrier in key fields, lower corporate loan rate and improve efficiency of investigation.

*Shanxi Ministry of Housing and 3 other departments jointly issued opinions encouraging participation of private firms in public facility industry and private capital will be allowed for direct investment in operation of urban gas, heating and garage disposal.

* Global crude oil price closed up collectively. November NYMEX contract up 3.29% to closed at $84.77/b, December Brent contract up 2.82% to closed at $92.57/b. INE crude oil active contract up 1.13% to 669.9 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 1.3% to closed at $ 1634.3/oz. SHFE gold active contract down 0.37% to closed at 389.34 yuan/gram.

* Metals closed mixed. LME zinc up 1.29%, LME tin up 1.26%, LME lead up 0.89%, LME copper down 0.75%. SHFE zinc up 1.7%, SHFE nickel up 1.6%, SHFE tin down 0.81%.

* Commodity futures closed down mostly. Energy & chemistry futures saw mixed performance, fuel oil up 3.18%, LPG up 2.37%, methanol up 1.47%, EB up 1.42%, natural rubber down 2.05%, TSR 20 down 2.01%. Black series closed down collectively, coke down 1.36%, iron ore down 1.31%, coking coal down 1.15%, steel rebar down 0.98%. Agricultural products went up mostly, RBD palm olein up 2.06%.

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Wanhua Chemical Group Co., Ltd. engages in the research and development, production, and sale of polyurethane series products, petrochemical products, and fine chemicals and new materials worldwide. The company offers polyols, thermoplastic elastomers, petrochemicals, aliphatic isocyanate products, specialty amine products; aroma, nutrition, and performance chemicals; and diisocyantes and its derivatives, polyether polyols for flexible and rigid foam, and PU systems, as well as ethylene oxide derivatives. Further, it offers surface materials and new energy materials, thermoplastic polyurethane elastomers, polymethyl methacrylate(PMMA), mebrane material, PMMA resin and compounds, modified polypropylene, polycarbonates, silicone polycarbonates, long chain polyamide, and bio-degradable materials. Its products are used in various applications, including appliances/cold chain, elastomers, electronics, clothing/footwear, industrial mechanical, furniture/bedding, building/construction, sealants, automotive and transportation, coatings, sports/leisure, adhesives, home and personal care, and others. The company was formerly known as Yantai Wanhua Polyurethanes Co., Ltd. and changed its name to Wanhua Chemical Group Co., Ltd. in June 2013. Wanhua Chemical Group Co., Ltd. was founded in 1978 and is headquartered in Yantai, China.