rongsheng petrochemical logo pricelist

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

Crude Oil market in the North American region experienced the severe downfall in supplies as extreme freeze weather conditions in Texas and nearby of US Gulf coast area, resulting in regional production cuts by the Crude Oil extractors. The demand showed mixed sentiments due to the shutdown of major US Gulf Coast based refineries including those of Dow Chemicals, ExxonMobil, and force majeures on various downstream petrochemical units in mid-February. Motiva Enterprises announced to shut its 607,000 bpd Port Arthur, Texas, refinery, the largest in the United States after Valero Energy Corp and Total SE declared to shut their 335,000 and 225,000 bpd plants in Texas, due to the cold snap. Colonial Pipeline Co, the largest oil products pipeline in the US, reported no significant impact due to storm in its operations. Storm effects stalled energy distribution hampered sending ripples to the price. WTI Crude jumped to USD 66 per barrel on 11th March, to its several months high in a single day.

The crude oil market remained resolutely high in the APAC region, amidst major consumers seeking more barrels with the demand turning robust as various downstream industries restarted again after a turnaround. Refiners maintained their key focus on the Chinese and Indian spot demand as operations ramp up turning fuel demand high. Indian Oil Corp. (IOCL) issued a tender in mid-March seeking sweet crude from West Africa and other regions while China"s Rongsheng closed a buy tender for purchase of nearly 3 million barrels of crude from Oman, Murban crude and Upper Zakum in mid-March. Crude futures rose as OPEC+ supplies remained tight with demand expected to increase as global economic activity picks up.

Saudi Aramco today signed three Memoranda of Understanding (MoUs) aimed at expanding its downstream presence in the Zhejiang province, one of the most developed regions in China. The company aims to acquire a 9% stake in Zhejiang Petrochemical’s 800,000 barrels per day integrated refinery and petrochemical complex, located in the city of Zhoushan.

The first agreement was signed with the Zhoushan government to acquire its 9% stake in the project. The second agreement was signed with Rongsheng Petrochemical, Juhua Group, and Tongkun Group, who are the other shareholders of Zhejiang Petrochemical. Saudi Aramco’s involvement in the project will come with a long-term crude supply agreement and the ability to utilize Zhejiang Petrochemical’s large crude oil storage facility to serve its customers in the Asian region.

An integral part of the project includes a third agreement with Zhejiang Energy to invest in a retail fuel network. The companies plan to build a large scale retail network over the course of the next five years in the Zhejiang province. The retail business will be integrated with the Zhejiang Petrochemical complex as an outlet for the refined products produced.

RM2CPP6BE–(L-R) Roger Diwan, vice president of financial services at IHS Markit, John Hess, chief executive officer of Hess Corporation, Musabbeh Al Kaabi, CEO of Petroleum & Petrochemicals Mubadala Investment Company and Hital Meswani, executive director and member of the board, Reliance Industries, at the annual CERAWeek energy conference in Houston, Texas, U.S., March 5, 2018. REUTERS/Maria Caspani

RM2CXEFJ0–A view of the Rongsheng Heavy Industries shipyard is seen in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY)

RM2CWMP5X–A vacant dormitory is seen at the Rongsheng community in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY)

RM2D0PB6A–A closed police station is seen at the Rongsheng community in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY CRIME LAW)

RM2CYH4T9–Workers ride a motorcycle past closed restaurants at the Rongsheng community in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY)

RM2CY7A2X–A worker rides a motorcycle on an empty street at the Rongsheng community in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY)

RM2D01WH0–A worker rides a bicycle inside of the Rongsheng Heavy Industries shipyard in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY)

RM2CXAAER–Workers ride motorcycles and bicycle after their shifts at an entrance of the Rongsheng Heavy Industries shipyard in Nantong, Jiangsu province December 4, 2013. Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun serve as a blunt reminder of the area"s reliance on China Rongsheng Heavy Industries Group, the country"s biggest private shipbuilder. Picture taken December 4, 2013. REUTERS/Aly Song (CHINA - Tags: BUSINESS EMPLOYMENT SOCIETY)

RM2E758JG–An electricity worker sits atop a newly constructed high-tension electricity tower located on the outskirts of Kangding in Sichuan province February 26, 2009. China is the world"s biggest emitter of greenhouse gases, largely thanks to its reliance on coal-powered electricity and its huge heavy industries, such as metals and petrochemicals. It also increasingly depends on imported oil. By using every policy and technology available to improve efficiency and cut emissions, China could take a big bite out of foreign oil imports and halve the likely level of greenhouse gas emissions, while cutting

RM2CP04P0–Anil Ambani (L), vice-chairman of Reliance Industries Ltd., speaks to media in Bombay April 27, 2005. Ambani said on Wednesday he was being sidelined by the board of the Indian energy and petrochemicals company. REUTERS/Punit Paranjpe PP/JJ

RM2CP6J3J–Vice-chairman of Reliance Industries Ltd. Anil Ambani speaks to the media in Bombay April 27, 2005. Ambani said on Wednesday he was being sidelined by the board of the Indian energy and petrochemicals company and that his suggestions for increased payouts to shareholders had been ignored. REUTERS/Punit Paranjpe PP/MK

RM2D3WKMP–Anil Ambani, managing director of India"s top petrochemicals producer Reliance Industries, speaks to analysts and reporters in Bombay March 3, 2002. India"s Reliance Industries said on Sunday it may consider selling 12 percent of its equity to strategic investors or in international markets. REUTERS/str PP

RM2CPCTB1–Vice Chairman and Managing Director Anil Ambani, of Reliance industries, speaks during a news conference in Bombay July 27, 2004. India"s Reliance Industries Ltd., operator of the world"s third-largest refinery, said on Tuesday its quarterly profit jumped 30 percent, slightly above expectations, as prices of fuels and petrochemicals surged. REUTERS/Punit Paranjpe

RM2D56DK7–Anil Ambani, Managing Director of Reliance Industries Ltd, the country"s largest private sector company answers questions from the press in front of the company"s logo during a news conference in Bombay, January 18. The company reported a mere four percent rise in net profit for the first nine months mainly because of poor product prices and an accident at an offshore oil terminal. SK/FY/WS

RM2D5CKEF–Anil Ambani, Managing Director of Reliance Industries Ltd, India"s petrochemical and textile giant, unveils a 41 percent jump in earnings for the year ended March 31, during a news conference in Bombay, April 18. India"s largest private sector firm posted a rise in net profit to 24.03 billion rupees ($550 million) from 17.04 billion in 1998/99 beating market expectations. SK/TAN

RM2CR3JBT–Anil Ambani, Vice Chairman and Managing Director of Reliance Industries Ltd, speaks during a news conference in Bombay. Anil Ambani, Vice Chairman and Managing Director of Reliance Industries Ltd, speaks during a news conference in Bombay October 25, 2004. India"s top petrochemicals maker, Reliance Industries Ltd, beat market forecasts on Monday with a 39 percent rise in quarterly profit, as refining margins doubled and product prices surged. REUTERS/Punit Paranjpe

RM2D3D2KC–Managing Director of Reliance Industries Ltd, Anil Ambani, reads a report of the company"s second quarter performance during a press conference in Bombay October 31, 2001. Reliance Industries Ltd, the company at the centre of one of India"s most powerful business groups and the country"s largest petrochemical producer, announced a net profit of 7.02 billion rupees ($146 million), an increase of 6.63 percent compared to last year, despite the nation"s sharp economic slowdown. REUTERS/Arko Datta AD/RCS

RM2D4AFEG–Mukesh Ambani, chairman of Indian petrochemical and refining giant Reliance Industries Ltd speaks at the company"s annual general meeting as brother and vice-chairman Anil Ambani looks on in Bombay June 16, 2003. Reliance announced it had found oil off the Yemen coast. The discovery is expected to be equivalent to half of Reliance"s share of crude oil in the Panna, Mukta and Tapti oil fields where it owns a 30 percent stake in a joint venture with BG and Oil and Natural Gas Corporation. REUTERS/Roy Madhur RM/RCS

RM2D3M87K–Mukesh Ambani, chairman of Indian petrochemical and refining giant Reliance Industries Ltd adresses shareholders at the company"s annual general meeting in Bombay June 16, 2003. Reliance announced it had found oil in a block off the Yemen coast. The discovery is expected to be equivalent to half of Reliance"s share of crude oil in the Panna, Mukta and Tapti oil fields where it owns a 30 percent stake in a joint venture with BG and Oil and Natural Gas Corporation. REUTERS/Roy Madhur RM/TW

RM2D3XP1B–Mukesh Ambani, chairman of Indian petrochemical and refining giant Reliance Industries Ltd adresses shareholders at the company"s annual general meeting in Bombay June 16, 2003. Reliance announced it had found oil in a block off the Yemen coast. The discovery is expected to be equivalent to half of Reliance"s share of crude oil in the Panna, Mukta and Tapti oil fields where it owns a 30 percent stake in a joint venture with BG and Oil and Natural Gas Corporation. REUTERS/Roy Madhur RM/TW

RM2D44MD8–Mukesh Ambani, chairman of Indian petrochemical and refining giant Reliance Industries Ltd smiles at the company"s annual general meeting as brother and vice-chairman Anil Ambani looks on in Bombay June 16,2003. Reliance announced it had found oil off the Yemen coast. The discovery is expected to be equivalent to half of Reliance"s share of crude oil in the Panna, Mukta and Tapti oil fields where it owns a 30 percent stake in a joint venture with BG and Oil and Natural Gas Corporation. REUTERS/Roy Madhur RM/RCS

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.