According to statistics, as of the end of 2018, China’s refining capacity reached 831 million tons per year. With the production of Dalian Hengli, the market has entered a more intense price war. In addition, the Sino-US trade war has affected some white oil terminal industries, such as aluminum processing and gloves. These sectors have seen different degrees of contraction.
The white oil industry has its own unique industry characteristics: wide range of downstream distribution, low consumption of end users and reliance on trade. However, with increasing market transparency and a growing trend towards factory-to-factory supply, the future of the white oil industry remains uncertain.
In this context, Enmore will hold the 9th China International White Oil Market and Application Summit 2019 in Zhengzhou, China on November 19-20, 2019.