OPEC+ to Discuss Production Capacity Update This Week
On September 16, it was reported that OPEC+ representatives will hold a meeting in Vienna this week to conduct preliminary discussions on updating the procedure for estimating member countries' production capacity. Sources said the meeting is scheduled for September 18-19. The representatives hope to reach an agreement on the mechanism for assessing the maximum sustainable crude oil production capacity of each member country. The OPEC+ Secretariat aims to submit a feasible plan to the OPEC+ ministers by the end of the year. This alliance of 22 oil-producing countries plans to use production capacity estimates to determine new production baselines and calculate production targets for 2027. OPEC+ originally planned to implement the new production baseline in 2025, but due to internal disagreements, the implementation was postponed first to 2026 and then further delayed to 2027.
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2026-07-10 13:41:05
Zhongke Petrochemical: Continuously Produces Three New Grades of Polyethylene Products
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2026-07-09 15:47:43
Huizhou Renxin Raises PS Prices
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2026-07-09 15:47:11
Liaoning Kingfa ABS Prices Closed Without Quotation Today
July 9 report: The production capacity of Liaoning Jinfa ABS unit is 600,000 tons per year. Today's price is closed and not quoted. -
2026-07-09 15:46:35
Ningbo Formosa ABS Prices Rise
July 9 report: Ningbo Formosa Chemicals has raised its ABS quotations by RMB 600/ton. The price for 15A1 is RMB 11,100/ton, and the price for 15E1 is RMB 11,000/ton. This week, prices are negotiated on a case-by-case basis. The company’s ABS plant has an annual production capacity of 750,000 tons. -
2026-07-08 11:26:40
Ningbo taihua abs price increase
On July 8, it was reported that Ningbo Formosa Plastics had raised its ABS prices by RMB 400/ton. The quoted price for 15A1 was RMB 10,500/ton, and the quoted price for 15E1 was RMB 10,400/ton. This week, one deal was concluded through one-on-one negotiation. The company’s ABS plant has an annual capacity of 750,000 tons.
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