Industry Segment: Market Brief | Word Count: 86 Words

Along with the centralized layout of seven main petrochemical industrial bases planned by the Chinese government -- Dalian Changxing Island (Xizhong Island), Caofeidian in Hebei, Lianyungang in Jiangsu, Caojing in Shanghai, Ningbo in Zhejiang, Huizhou in Guangdong and Gulei in Fujian--low refining costs (low oil price), continuous high operating rates and other advantages of refining and chemical integration have benefited the country's chemical enterprises. The sound connection between the upstream and downstream industrial chains will promote the rapid development of China's entire chemical industry.