(hydrocarbonprocessing) -- Refining catalysts are experiencing strong growth this year, driven by demand for cleaner fuels, increasing use of heavier and dirtier feedstocks and major additions to refining capacity.
Refining catalysts are moving to a more balanced market, the report says, shifting from one characterized by oversupply to a more stable sales effort.
The market picture for hydroprocessing catalyst supply and demand continues to evolve, the report says.
Hydroprocessing catalysts are the fastest-growing refinery catalysts, according to ReportsnReports. These catalysts help control and improve the operational efficiencies in the petroleum refining process.
Hydroprocessing catalysts are also used to create cleaner fuels, especially ultra-low-sulfur diesel (ULSD).
Demand is lower for the more mature FCC catalysts than the hydroprocessing catalysts, allowing hydroprocessing catalysts to pass FCC catalysts and become the largest segment of the refinery catalyst market.
MRC
(news.flanders-china) -- The Chinese government raised fuel prices on March 20 by a larger than expected 6% to 7% to help refiners reduce losses.
Retail prices for gasoline and diesel were raised by CNY600 per ton, the National Development and Reform Commission (NDRC) said.
The last increase was on February 8 when prices went up by CNY300 per ton. PetroChina Chairman Jiang Jiemin said earlier this month that its refining loss last year was larger than the CNY50 billion expected and was still widening.
(chemmonitor) -- Global polyvinyl chloride (PVC) manufacturers have executed a series of price increases in the current year. The shifts were based on more expensive feedstock and tighter supply.
However, China-based PVC companies did not succeed in their attempts to enhance prices in the country's market. This is partially explained by the poor downstream demand. Most users adopted a cautious position and mainly obtain the product on a hand-to-mouth basis.