China's Hengli Petrochemical is starting up today its 2.5mn t/yr No.4 purified terephthalic acid (PTA) unit at Dalian.
Feedstock paraxylene (PX) has been fed into one of the two production trains at the new unit, with Hengli targeting to achieve on-specification product in one or two days. The second train will also come on stream in one or two weeks if the first train operates smoothly.
This No.4 PTA unit started construction in late 2018 and will operate along with the existing three units at Dalian.
Hengli will operate 9.1mn t/yr of PTA capacity with the start-up of the No.4 unit. The 2.5mn t/yr No.5 PTA unit is also being built and plans to start up in May this year.
China's Hebei province will reduce crude steel production capacity by 14mn t/yr in 2020, as part of its plan to reduce 40mn t/yr of capacity during 2018-20.
Chinese government officials will visit Washington next week to sign a "phase one" trade deal with the US, China's commerce ministry said today.
China has approved a new quota for more than 35,000t of copper, aluminium and ferrous scrap imports for delivery in 2020.
China's central government-owned Baowu group produced 96mn t of crude steel in 2019 with 100mn t output "just around the corner".
Seaborne pellet prices rose over the last week, driven by robust demand and gains in 62pc and 65pc fines indexes.
China's ministry of industry and information technology has announced new regulations for the recycling of used new energy vehicle (NEV) power batteries.