Everbright Futures: March 20 Energy and Chemical Daily

On Wednesday, FU2505, the main fuel oil contract in the previous period, closed down 2. 29 percent at 3068 yuan/tonne. And LU2505, the main contract to low-sulfur fuel oil, closed down 1. But 46 percent at 3519 yuan/tonne. Additionally The latest data from the Singapore Enterprise research Board shows that in the week ending March 12, Singapore imported about 331900 tons of fuel oil from Russia, which was basically zero in the previous five weeks. Specifically From a fundamental point of view, the low-sulfur fuel oil market is stable, while the high-sulfur fuel oil market is running strongly. On the low sulfur side, due to the abundant supply of in stock in the low sulfur market in the Western Hemisphere and the increase in Brazilian arrivals, arbitrage goods arriving in Singapore in March will increase by about 500000 tons month-on-month, however the decline in the economy of east-west arbitrage will limit the number of arbitrage goods flowing into Singapore from the West in April. But In terms of high sulfur, the structure of Singapore's high sulfur market strengthened further last week, showing that in stock is still tight, however this week's external discount fell slightly, immediate FU is still affected, LU is to maintain a weak state of evaporative environment, need to pay attention to the risk of immediate oil price fluctuations.

Gold extends record rally as traders weigh Fed move

Sumitomo Chemical adjusts Singapore subsidiary's capacity layout, closes some production lines

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Everbright Futures: March 20 Energy and Chemical Daily

Gold extends record rally as traders weigh Fed move

Sumitomo Chemical adjusts Singapore subsidiary's capacity layout, closes some production lines

The situation in the Middle East affects energy policy, Thailand adjusts oil export restrictions, and Laos strengthens fuel market supervision.

Lanzhou Petrochemical 23.17 billion Ethylene Transformation Project Pre-feasibility Study Passed: 1.2 million Tons of Cracking System Shaped, Western Chemical Pattern Reshaped

Ningxia 100000 tons of PVA project officially started: Northwest calcium carbide method low-cost advantage into the bureau, the regional supply pattern changed during the year.

The successful power reception of the dual substations of the PUSRI-IIIB project in Jugang, Indonesia, undertaken by the China Chemical Fifth Ring Project, helped the project to advance.

India plans to restart emergency directive to secure summer power supply as U. S.-Iran conflict causes seaborne coal prices to climb

South Korea's major petrochemical companies expand operating losses to 1.5 trillion won in 2025, industry restructuring still needs long-term progress

Singapore's Astor Chemical and Energy plans to complete key projects in the second half of 2026 to increase refining capacity and expand revenue streams

Yulong Petrochemical downstream project EIA publicity landing: 56 sets of devices, six raw material routes, hundreds of billions of domestic substitution wave speed up.

Performance differentiation under the recovery of the business climate: China's chemical energy six major sectors in-depth interpretation.

India exports aviation fuel to Europe for the first time after EU ban on Russia: Prudential Industries breaks down, supply chain compliance restructuring speeds up

Dushanzi Tarim Phase II Ethylene Project Speeds Up Test: 21.88 billion Super Plant Sprints into Production in 2026

Bohai Chemical 2.25 billion acrylate project core device feeding success: Beijing-Tianjin-Hebei regional supply pattern or structural remodeling.

1.6 trillion infrastructure investment landed, China's western chemical industry chain restructuring into the countdown.

Post-holiday phenol ketone market depth interpretation: high inventory pressure, phenol led the rise, acetone pressure differentiation pattern appeared.

China's six major refining key projects panoramic overview: 300 billion capacity wave, overseas practitioners need to advance layout

Zhongxin Chemical phenol acetone production expansion approved, phenol 426000 tons, acetone 261000 tons.

Proposed and under construction projects of Sinopec in 2026

What are the areas in which the listed chemical companies that make money in 2025 are distributed?

China's chemical market cycle in 2026: recovery or rebound?

Guangxi Huayi 300000 Tons/Year Propylene Oxide Plant Successfully

Phenol stabilizes after sharp rise and fall, geo-disturbance remains core variable

In-depth scanning of the performance of the seven major sectors of China's chemical industry: scarce resources and technical barriers are the real moat through the cycle.

Vietnam approves 2021-2030 ICT infrastructure plan

Micron's Gujarat plant in India is steadily advancing, and India is accelerating the layout of the global semiconductor industry chain.

Shandong Zhemei 80000 Tons of Optical Grade PMMA in One Drive

Indonesia's February 2026 ICP crude oil prices surge month-on-month, with multiple global factors driving oil prices higher

Saudi Aramco announces preparations for restarting the Rastanula refinery after it was shut down by Iranian drone strikes

With a total investment of 6.1 billion yuan, Zhongtian Hechuang's new project will be held, including acetic acid and vinyl acetate plants.

Turkey's exports were solid in February, with exports to Germany hitting a record high in February, with significant growth in automotive and other categories.

Turkey has completely abolished urea import tariffs, reshaping the regional fertilizer trade pattern and easing the pressure on spring farming supply.

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