Industry News

As Saudi Arabia and Russia launched an oil price war, international oil prices plunged 25% on the 9th. The April WTI crude oil futures contract tumbled $10.15, or 24.59%, settling at $31.13 per barrel. May Brent crude oil futures plunged $10.91, or 24.1%, settling at $34.36 per barrel. Yesterday the market consolidated within a narrow range, with prices falling in part. Crude oil plunged, linear [low-density polyethylene] futures hit the limit down, and spot market traders were cautious,

As the world's two largest oil producers failed to reach agreement on whether to cut global supply, international crude oil futures plunged on Friday, recording their worst performance since the financial crisis. The April WTI crude oil futures contract closed down $4.62, or 10.1%, settling at $41.28. This was the largest single-day drop since November 2014 and also the lowest closing price since August 2016. May Brent crude oil futures fell $4.72, or 9

On the occasion of CPhI China's twenty-year milestone, the organizer will use the exhibition's partner media and industry partner resources to create a distinctive anniversary celebration, gathering together old and new friends of the exhibition to jointly review the growth journey of individuals and enterprises and witness the splendid blossoming of the exhibition over twenty years. With 75,000+ professional visitors at home and abroad and 20,000+ powerful international buyers, a global partnership network is built to help domestic pharmaceutical enterprises expand into overseas markets

The novel coronavirus pneumonia pandemic has spread both domestically and overseas. All parts of the country have actively responded and accordingly taken measures to postpone or cancel various large public activities. To do their utmost in pandemic prevention and control and to safeguard the health of exhibiting enterprises and visitors as well as better exhibition results and their vital interests, many exhibitions in the printing and packaging industry have issued postponement notices. The following is an incomplete list: The 27th South China International Printing Industry Exhibition. To further do a good job in the new

OPEC+ possibly cutting production further sent international oil prices surging during the session at one point; however, analysts believed a Fed rate cut was not necessarily a positive signal, and the G7 finance ministers' meeting did not list measures to stimulate the economy, so WTI ultimately narrowed its gains while Brent closed slightly lower. The April WTI crude oil futures contract rose $0.43, settling at $47.18 per barrel. May Brent crude oil futures fell $0.04, settling at $51.86 per barrel.

Driven by OPEC production cuts and central bank measures, international crude oil futures rose more than 4% on Monday, reversing an intraday slump to multi-year lows. The April WTI crude oil futures contract rose $1.99, or 4.5%, settling at $46.75 per barrel. May Brent crude oil futures rose $2.23, a gain of 4.5%, settling at $51.9 per barrel. Yesterday market prices were broadly stable with minor moves. Linear futures moved higher, traders were wait-and-see at the start of the month, mostly based on

After Nine Dragons raised prices for the third time last week and the market basically completed the third round of increases, this week a paper mill in Zhejiang officially fired the first shot of the fourth round. Immediately many small mills followed suit, and the cumulative increase has exceeded 1,200 yuan, with panic continuing to spread across the industry. According to Zhuochuang Paper statistics, the current price of corrugated paper has broken 4,300 yuan/ton and containerboard has broken 5,300 yuan/ton, and short-term paper prices still have upward momentum. The short-term market remains crazy, but the market will eventually return to rationality; the industry is reminded to

2020 Shanghai SIAL China Exhibition, 2020 Shanghai International Packaging Exhibition, 2020 Shanghai Food Packaging Exhibition, 2020 Shanghai SIAL China Food Packaging Brand Pavilion, 2020 Shanghai Beverage Packaging Exhibition, 2020 Shanghai Packaging Design Exhibition. SIAL CHINA 2020 The 21st China International Food and Beverage Exhibition (Food Utensils and Food Processing and Packaging Equipment Pavilion). Time: May 13-15, 2020. Venue:

On January 8, 2020, the Wenzhou Packaging Federation held the second meeting of its seventh membership congress, taking stock of the city's packaging 'harvest', changes and highlights in 2019. In 2019, Wenzhou's packaging industry showed frequent highlights in transformation, upgrading and innovation, and it is estimated that the 611 above-scale enterprises in the city's packaging industry achieved a total annual industrial output value of more than 40 billion yuan. According to data provided by the Municipal Bureau of Statistics, from January to November 2019, the city's packaging output

As Middle East tensions eased, investors shifted their focus to lackluster seasonal demand, and international oil prices fell more than 1% on Monday. February WTI crude oil futures fell $0.96, settling at $58.08 per barrel. March Brent crude oil futures closed down $0.78, settling at $64.2 per barrel. Yesterday the market continued a steady-to-weakening trend. Linear futures moved upward; currently petrochemical producers kept prices stable, traders' sentiment fluctuated little, and traders held a wait-and-see attitude