rongsheng investment pricelist

ng Investment Co., Ltd is a large international group company, which is established with the approval of the National Development and Reform Commission and related departments. It is engaged in the production of import and export business of industry、 energy resources、mineral resources and other fields.

In order to follow the development of times and to response to the national policy of “ The Belt and Road Initiative”,Fujian Rongsheng have successfully set up a lot of projects in the domestic as well as other countries like Indonesia, Malaysia, Singapore, Nigeria and Saudi Arabia and so on. Such as Dongguan Jinwei traditional Industrial Park, Dongguan Boqi Industrial ltd, Jiangxi Bopai Luggage Industrial Park, Fujian Bosheng Creative Industrial park, Indonesia Luggage Ltd, Nigeria Yanuo Industry LTD, Nigeria Time Ceramics Ltd, Nigeria Rongsheng Glass ltd,Nigeria Rongtai Aluminum Ltd, Nigeria Rongtai Wood Ltd, Pakistan Times Ceramics Ltd, Jisheng International Ceramic Company in Jordan, Bunyan in Industrial Ltd in Saudi Arabia, and other enterprises. Among of them,Nigeria and Saudi Arabia are the important development areas..

Since 2009, we have invested more than six hundred million dollars in African countries, and has successfully set up enterprises such as Rongsheng Glass, Rongtai Aluminum, Rongtai Wood and Time Ceramics and others in Nigeria. In order to provide an ideal and comfortable working and living environment for overseas Chinese, Fujian Rongsheng has invested a huge amount of money to build the largest, most beautiful and most well-equipped Rongtai Industrial Park in Nigeria, which has also attracted many other enterprises to settle there. Today, Fujian Rongsheng has become a bridge linking investment and economic construction of Chinese and African enterprises.

In 2021, Fujian Rongsheng started to invest in the Middle East, and has invested more than two hundred million dollars to establish Bunyang Industrial Ltd so far. in Alkaj Industrial Park of Riyadh, the capital of Saudi Arabia. We uses its advantages of high production capacity, stable quality and variety to provide high-quality ceramic products to customers in the Gulf Region.

RongSheng refractory bricks factory as one of the ceramic fiber bulk manufacturers can provide specification and category as well as competitive price & high grade quality bricks products.

Rongsheng firebricks company"s mission is to maximize customer benefits and have advanced production line of ceramic fiber bulk. RS Refractory bulk have the professional sales team, please tell us your any requests on insulation ceramic fiber bulk performance and specification & working temperature & working environment as well as application ,according to your requirement ,we can recommend suitable ceramic fiber bulk for sale.

RongSheng firebricks factory as one of the ceramic fiber wool manufacturers can provide specification and category as well as competitive price & high grade quality bricks products.

Rongsheng refractory bricks company"s mission is to maximize customer benefits and have advanced production line of ceramic fiber wool. RS Refractory bricks company have the professional sales team, please tell us your any requests on insulation ceramic fiber wool performance and specification & working temperature & working environment as well as application ,according to your requirement ,we can recommend suitable ceramic fiber wool for sale.

One of the export quota recipient, Zhejiang Petrochemical Corp. (ZPC) was given 1 million mt. The company, which is majority owned by Rongsheng Petrochemical Co., is in the final stages of getting the second phase of its 800,000 b/d refinery up and running.

A bumper 10 million-barrel spot crude oil purchase by Rongsheng Petrochemical suggests it is keen to get the second phase of its massive 40 million mt/yr, or 800,000 b/d, refinery and chemical project at subsidiary Zhejiang Petrochemical Co. Ltd (ZPC) running in the coming months, trading sources said.

Rongsheng announced in August plans to begin trial runs at the second 400,000 b/d tranche of the project in the fourth quarter of 2020 and looks set to achieve this aim despite COVID-19-related construction delays due to social distancing restrictions earlier in the year.

Market participants said Rongsheng was absent from the spot market for a couple of months and returned this week to buy the medium-sour Middle East cargoes, which led some to believe it was restocking but added that the scale of the purchase does point to some use in the new facility.

These are all fresh numbers, and while they represent actual data for year-on-year pump sales, a measurement of fuel dispensed doesn"t quite catch the fancy of the investment community. Recent weeks have seen some investment banks champion high-tech oracles, whether it be Apple Mobility, Tom-Tom or other GPS-based technology that attempts to track consumer movement. Based on initial data received by OPIS for pump sales, however, those tools may be poor measurements of actual fuel use.

Longer term, the refinery is viewed as a keeper, although Marathon might have to make substantial investments in the state in renewable diesel. Refinery experts who have analyzed all of California"s refineries list Valero"s Wilmington plant as the most likely candidate for eventual closure, and they are also keeping an eye on Phillips 66"s coupled plants in Rodeo and Santa Maria.

Despite recent oil production declines, ANS crude"s new export outlet to Asia and an expected recovery in crude prices after the unwinding of the coronavirus disease 2019 (COVID-19) pandemic should justify longer-term investments by majors in Alaska, said Sandy Fielden, director of oil and products research at Morningstar in Austin.

A 2018 study by IHS Markit suggested that the Alaska North Slope could re-emerge as a major source of U.S. energy production, with crude oil output potentially increasing as much as 40% in eight years, due to new discoveries and higher investment by majors.

Fielden said that the export market for ANS crude to Asia now justifies longer-term investment, provided that prices recover above $50/barrel. As the COVID-19 crisis unwinds, major oil companies and larger, financially secure producers need to find investment horizons that they are comfortable with.

Many shipowners expected a fast payback from their investment in scrubbers, indicated by forward swaps curve values for high- and low-sulfur fuel oils after the implementation of new International Maritime Organization legislation on Jan. 2 this year, which mandated the use of very-low-sulfur fuel oil unless an exhaust gas scrubbing system was onboard.

The investment house is generally confident that OPEC+ has addressed the glut, portending more reasonable balances down the road. News of Gulf Cooperation Council countries slashing an additional 1.18-million b/d of crude helps and it now appears that OPEC+ countries are considering longer extension terms for the more than 9-million b/d of production already cut.

Even before the cuts went into effect, investment bank analysts were speculating that the group might announce a second round of reductions either at its June meeting or even before the gathering.

Asked to confirm that a review of FAST is scheduled six months from now, a spokesman for ExxonMobil said: "To optimise the investment and ensure that it delivers the best possible value, we are reviewing the rate of expenditure on the FAST project through 2020. We remain committed to enhancing the long-term competitiveness of the Fawley refinery."

"However, ongoing declining oil prices may negatively and directly affect per capita real income. The government might be forced to postpone the large investments it has been planning for the massive national projects requested by the government. It is estimated that a continued decline in crude oil prices may lead to a drop in Russia"s economic growth of as much as 0.5 percentage points in 2020," it concluded.

Oil analysts at major investment banks are scrambling to provide guidance for their clients today, and they are generally slicing 2020 price projections for Brent and/or WTI by double digits. Admittedly, most Wall Street analysts were prepared to react to the twin ills of coronavirus disease 2019 (COVID-19) and an inadequate OPEC+ outcome, but they did not anticipate a new calculus where there is a production/price war between Saudi Arabia and Russia.

--Bank of America Merrill Lynch: This bank was among the least bearish investment houses ahead of Friday"s OPEC+ debacle, and they cling to some ambitious numbers.In a report called, "It Takes Two to Supercontango," bank analysts admitted that Brent oil prices might "temporarily dip into the $20s over the coming weeks," but they implemented modest cuts for target levels. BofA reduced average Brent prices for 2020 by just $9/bbl to $45/bbl and predicted a $41/bbl average for WTI, reflecting an $8/bbl downgrade.Analysts acknowledged that the Saudis no longer would pursue efforts to rebalance the oil markets and acknowledged that supply/demand projections suggest a major oil market surplus in 2020.The bank hints that the Saudis cannot survive cheap oil forever, and that suspicion might be behind the modest downgrade of 2021 Brent prices. Analysts now see Brent averaging $55/bbl next year, even though that reflects a huge increase from numbers on the forward curve. Analysts have downgraded the base case for demand in 2020 to see growth of just 250,000 b/d year on year, with a notable contraction in the first half of 2020. Longer term, the bank believes that "Brent is a $50-$70 bbl commodity" due to global oil production cost dynamics.

--Goldman Sachs: The investment house has multiple possible scenarios. However, top commodities strategist Damien Courvalin told clients that this was the equivalent of the 1Q 2009 demand shock coming with a 2016-like OPEC production surge. Goldman Sachs cut 2Q and 3Q Brent forecasts to $30/bbl and suggested that possible dips could go near wellhead cash costs close to $20/bbl. The events of last Friday bring back the "New Oil Order" where low-cost producers increase supply from spare capacity and force higher cost producers to reduce output.

--Morgan Stanley: Analysts there believe oil is sharply oversupplied and predicted that Brent needs to fall to $35/bbl in the second quarter and $40-$45/bbl in the second half of 2020. Given that markets have already visited levels below these numbers, a revised report may be forthcoming shortly.Morgan lowered expectations for Brent to $35/bbl in 2Q20 but sees quarterly rises to $40/bbl; $45/bbl; and $50/bbl for the next three quarters. The revised targets still reflect drops of $10/bbl (4Q) to $22.50/bbl (2Q) and new sequential targets for WTI are now $30/bbl to $45/bbl over the rest of 2020.The investment house also hearkens back to the 2014 OPEC meeting for perspective. OPEC output rose 1.5 million b/d over the subsequent 12 months. WTI needs to fall below the average wellhead break-even level (about $40/bbl), and that would ostensibly spark a drop of 200,000 b/d in U.S. output between the exit of 2019 and December 2020. Before the weekend, the bank had been anticipating 400,000 b/d of growth.Morgan Stanley believes that the global oil market will deal with an oversupply of about 800,000 b/d in 2020.