In the first quarter of 2024, the domestic propylene market first increased, then fluctuated, and finally dropped significantly. Compared with the same period in 2023, the market price declined. The average price of the Shandong propylene market in the first quarter was 6,843 yuan per ton, a year - on - year decrease of approximately 7.04%.In January, the propylene market bottomed out and rebounded. Firstly, PDH units in Shandong, North China, and Northeast China successively shut down, leading

On January 30, Dow Chemical announced targeted actions to cut costs by $1 billion, including laying off 1,500 employees. On the same day, Dow also released its fiscal 2024 performance data.Dow stated that this initiative will further reduce the company's costs to address the current macro - economic uncertainties and enhance its long - term competitiveness throughout the economic cycle.Specifically, Dow will achieve the $1 - billion cost savings through two efforts. First, it aims to reduce

Recently, the Competitiveness of the European Chemical Industry research report by the European Chemical Industry Council (Cefic) stated that from 2023 to 2024, the European chemical industry was caught in a market environment of severe oversupply. 11 million tons per year of chemical production capacity was shut down, affecting 21 major manufacturing base plants. For some time to come, due to the lack of clear improvement in market fundamentals, the wave of closures of European chemical product

On the morning of January 15, 2025, China National Offshore Oil Corporation (CNOOC) and Shell Petrochemicals Co., Ltd.

On January 8, 2025, the Jiangsu Provincial Development and Reform Commission released a list of 700 major projects and key private investment industries in Jiangsu Province for 2025.