Business data
Chengdu International Chemical Oil Conference
Location: Chengdu, Sichuan Province
Time: July 24 - July 26, 2024
About: Oil chemical industry
Meeting content: World trade gradually recovers in 2024, the international oil market fluctuates greatly in the first half of the year, understand the market situation, grasp the market direction,
The conference attracted hundreds of domestic and foreign oil chemical companies, covering oleic acid, glycerin, biodiesel, lubricating oil, plasticizer and other industries manufacturers.
From the beginning of 2024 to mid-January, international oil prices were in the midst of consolidation, and continued to rise from mid-March to the level of $90 per barrel in April. However, in the first half of the year, the international oil price remained above $90 per barrel for only seven trading days, after mid-April, it turned into a decline, the decline intensified in May, fell below the $80 per barrel mark in early June, returned to $80 per barrel after June 10, and continued to rise after mid-June.
Oil glycerin products, fatty acid methyl ester and other oil chemical output increased by 11.25%. China has become a major oil chemical production and consumption country, close to the oil production country, high dependence on raw materials and products import, while the industry structure is single, the added value needs to be improved.