Junyuan Petroleum Group successfully held the second “Junyuan Cup” Employee Vocational Skills Competition

On December 28, 2023, Junyuan Petroleum Group successfully completed the four-day second “Junyuan Cup” Employee Vocational Skills Competition at its headquarters in Dongying. The purpose of this competition is to showcase and improve the professional skills and comprehensive quality of Junyuan Petroleum Group’s employees, stimulate their innovation awareness and work enthusiasm, and promote the technical progress and talent cultivation of Junyuan Petroleum Group.

This competition set up eight competition projects, covering the main business areas of Junyuan Petroleum Group, including petrochemical production, petrochemical sales, petrochemical research and development, petrochemical safety, petrochemical quality, petrochemical logistics, petrochemical maintenance and petrochemical management. Nearly 300 employees from various branches and departments of Junyuan Petroleum Group participated in the competition. After fierce preliminary, semi-final and final rounds, 24 gold medalists, 48 silver medalists and 72 bronze medalists were finally produced, as well as eight outstanding teams and eight outstanding instructors.

The judges of this competition were composed of senior managers, technical experts and industry authorities of Junyuan Petroleum Group. They scored and evaluated the contestants from multiple aspects such as theoretical knowledge, practical operation, innovation ability, team cooperation, and adaptability. The organizers of this competition also made full use of modern information technology, through live broadcast, video playback, interactive voting and other ways, to let more employees and the public pay attention to and participate in this competition, enhancing the influence and credibility of this competition.

Mr. Qi, General Manager of Junyuan Petroleum Group, delivered a passionate speech at the closing ceremony of this competition. He highly affirmed and praised the success of this competition, expressed sincere thanks and respect to all the contestants, judges, organizers and supporters, and warmly congratulated and commended all the winners. He pointed out that this competition is an important measure for Junyuan Petroleum Group to implement the talent-strong enterprise strategy, an effective way for Junyuan Petroleum Group to build a learning organization and create an innovative enterprise, and a good platform for Junyuan Petroleum Group to show its style and establish its industry image. He hoped that all employees would take this competition as an opportunity to continuously learn new knowledge, master new skills, and improve new levels, and make greater contributions to the development of Junyuan Petroleum Group and the progress of society.

Junyuan Petroleum Group is a comprehensive enterprise integrating petrochemical production, sales, research and development, and service. It has multiple production bases and sales networks at home and abroad. Its products cover various fields of petrochemical industry and are widely used in construction, automobile, home appliances, medical, agriculture and other industries, and are trusted and praised by customers. Junyuan Petroleum Group always adheres to the business philosophy of talent-oriented, technology-first, quality-based, and innovation-driven, and is committed to becoming a leader and pioneer in the petrochemical industry.

In order to further improve the management level and comprehensive quality of middle and high-level managers, broaden their horizons, broaden their thinking, and update their concepts, the group company has established the “Junyuan Petroleum Group Managers’ Ability Improvement Training Course” to train and improve the company’s managers in batches , On the afternoon of March 24, the group company organized trainees to go to Qingdao for training.

After the preliminary inspection and communication of the general office, the high-quality course of “2023 Qingdao Enterprise Middle and Senior Management (Phase 52) Training Course” sponsored by Qingdao Enterprise Service Group was selected for this training – “Communication ability improvement and charm display” , This course is taught by Cai Libin, deputy director and associate professor of the Tourism Department of the School of Management, Ocean University of China. The teaching content covers marketing management, crisis reversal, performance management, and emotional intelligence improvement. Through the lecturer’s entertaining and entertaining explanation, it helps the company’s managers to improve their comprehensive quality and management ability, and further broaden their in-depth thinking on management work.

After one day of training, the trainees gained a lot and had a clear grasp and cognition of communication management skills. Combining learning with practical application and continuous improvement of communication and management skills to contribute to the high-quality development of enterprises.

After the training, the trainees of Junyuan Petroleum Group’s ability-enhancing training course for managers (first phase) went to visit the group company’s training base in Shinan District, Qingdao, and took a group photo.

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List of outstanding employees in the production line of Junyuan Petroleum Group in 2022
In 2022, we made remarkable achievements, and many advanced individuals and teams emerged. They wrote a brilliant chapter for Junyuan Petroleum Group and achieved fruitful results. Thank you for your hard work. We hope everyone can learn their advanced deeds and work experience together, and make greater efforts to create more brilliance.
They are conscientious and conscientious in ordinary posts, and take the initiative to undertake the work tasks with enthusiasm and passion for the work; They are like industrious bees, silently contributing in ordinary posts; They have no heroic words, but have a heart of sincere service, which brings us beauty, peace, warmth and emotion in our work and life.

The market for n-Heptane in China is showing strong growth this quarter. This increase is due to several factors, including increased demand for octane-boosting agents, higher global crude oil prices, and an overall increase in automobile sales across the country.

n-Heptane is primarily used as an ingredient in paint thinners, but it also has other uses, such as being used as an industrial solvent or as part of brake fluid formulations. The largest consumer market for the n-Heptane product is the automotive industry, and the uptick in demand is pushing prices up, and more businesses are opting for this highly efficient product over traditional alternatives like butane or propane.

According to the observations by SinoPetrochem, n-Heptane prices are growing in China last month and have grown by almost 8% till now. This is great news for the industry, as it means that companies can continue to invest in their products without worrying about price increases from their raw materials.

This increase comes at a time when many were beginning to worry about the health of the chemical industry; with so much focus on pollution, some were afraid that China would enact stricter environmental laws that would hurt business profitability. However, these fears have been allayed by the fact that no new laws or regulations have been passed recently, and any updates on this front will be available in advance so that companies can plan accordingly.

The price increase can be attributed to the tight supply of n-Heptane, which is caused by the economic recovery, the large area recovery of production of terminal pharmaceutical plants and chemical enterprises, and the extremely increased demand. The significant increase in the average production of n-Heptane is also due to the complete cancellation of the dynamic zeroing strategy by the provincial governments.

While manufacturers were initially concerned about price fluctuations due to sanctions placed on China by the United States government, those worries have been alleviated by increased trade between these two countries, with American businesses seeking out n-Heptane as well as Chinese suppliers looking to sell this product at higher prices than they would be able to get domestically.

As on January 31, 2023, the cost of n-Heptane in China stood at USD 1,300 per MT on a FOB Qingdao basis.

SINOPETROCHEM – Providing daily insight for all sectors, including basic solvents, chemicals, plastics, specialty and fine chemicals, energy and feedstocks, get the latest insights to keep up-to-speed with chemical industry corporate and economic developments that shape tomorrow’s opportunities.

On the morning of the first day of the Lunar New Year on January 22, 2023, Miao Guangfa, Chairman of the Junyuan Petroleum Group, Qi Chunxiao, General Manager, Yu Rui, Deputy General Manager, Wei Yu, Deputy General Manager and Director of the factory, and other responsible employees went to the factory production line to see the department leaders who still stick to the front-line production posts during the Spring Festival and sent them New Year greetings and blessings.

Petrochemicals Introduction
Petrochemicals are derived from petroleum or natural gas. Naptha is also one of the substances that play an integral role in the production of petrochemicals. They are derived from hydrocarbons such as propane, ethane, butane, or other components separated from crude oil and natural gas liquids.

Petrochemicals define hydrocarbon-based compounds that are extensively used in the chemical industry. A manufacturing facility known as a cracker is used to produce petrochem products. After the crude distillation process, the separated hydrocarbons are fed to the hydrocracker. The cracker facilitates the breakage of hydrocarbon bonds which in turn allows the formation of useful chemicals. Thus the cracker serves as intermediate process equipment.

Ethylene is one such example, the monomer is used to produce polyethylene through the process of polymerization. Polyethylene plays an integral role in the plastic manufacturing industry.

Petrochemicals Market Outlook
Petrochemicals contribute to a major segment of the commodity chemicals market. Petrochem products have a vast value chain that includes verticals like clothing, tires, digital devices, packaging, detergents, and countless other everyday items. Thus petrochemical products play an integral role within modern societies.

As of 2022, it was recorded that petrochemical feedstock accounted for roughly 16% of the global oil demand. A rise in demand margins is expected owing to the growth in usage of consumer chemical products. This growth in margins is primarily due to the rise in purchasing power of the population.

Between the years 2019 and 2022, the petrochemicals market witnessed marginal growth owing to the increased demand for ethylene-based products. The annual production for ethylene rose from 100 million metric tonnes to roughly 150 Million Metric Tonnes between 2019-2022. Petrochemical company stocks have also performed well during the same period, as compared to other chemical products.

The high operating rates for the petrochemicals sector were majorly driven by the growth in the value chain for this market in Asia. Sub-regions like China and India have an expanding industrial sector which contributes to the expansion rate of the Global Petrochem market. Hence the petrochemical companies worldwide portrayed a buoyant margin due to the healthy demand. The demand for ethylene-based derivatives as well as C2 and C3 derivates adds to the burgeoning demand for petrochem products within Asia.

Petrochemical companies have benefited from manufacturing using low-cost gas feedstock as opposed to oil-based feedstock. Petrochemical Producers within regions like the Middle East and North America adopted this measure. In the case of North America, the shale oil reserves and the shale gas surplus within this market position this vertical advantageously. In the year 2014, crude oil prices hiked. Due to North America’s shale oil reserves, the market had a pronounced advantage in terms of the production for C1 and C2 derivatives.

The shale gas revolution within the United States has led to a growth in the North American Market. As of 2018, North America was home to 40% of the global ethane-based global petrochemical production.

In the year 2022, the industry suffered a margin loss across several products thus reducing its value created across the market. The margin erosion affected C4 and aromatic chains, This was predominantly due to the overbuilding by newer industry participants in emerging markets.

Petrochemicals Demand In Emerging Economies
The demand from emerging markets is one of the key drivers for the global petrochemicals sector. Substantial efforts are being made by countries like Europe, Japan, and South Korea to recycle plastic-based products. Although, the sustainability practices adopted by these countries outweigh the current surge in demand for petrochemicals across developing economies. The overall demand of this market is underpinned by the lack of suitable alternatives to plastic for certain operations.

Sustainability And Its Impact On The Global Petrochemicals Market:
Clean Energy Practices and their integration amongst Industry standards for petrochemical production is much debated within this market. Petrochemicals are regarded as one of the main blindspots within this Global Energy Debate. The role of petrochemicals in the Global Energy System is expected to increase.

The clean technology scenario associated with this sector is currently being explored by researchers across the world. Industries are trying to develop alternatives for petrochemical products like plastic which causes environmental degradation. The rise in awareness amongst consumers about the harmful effects of plastic on the environment is expected to serve as a key restraint for this market. Although, the continued research in this segment promises a suitable and sustainable future for the chemical industry.

Indian Agrochemicals Market in India accounts for a major share of the global market. After the United States, Japan, and China, India is the world’s fourth-largest producer of agrochemicals. The agrochemicals industry is a major industry for the Indian economy. In the year 2020, the Indian agrochemicals market was worth nearly USD 4.5 billion. Between 2021 and 2026, the market is projected to expand at a CAGR of 8.6%, reaching a value of nearly USD 7.4 billion. Indian agrochemicals market is a significant contributor to the Asia Pacific agrochemicals market’s growth. Due to the massive use of pesticides and fertilizers for farming activities, the Asia Pacific region is rising at the fastest pace globally. This is due to the region’s adoption of new and advanced farming practices.

The Asia Pacific area provides opportunities for both domestic and foreign businesses to expand. Farmers are now concentrating on investing in these crop-protecting and growth-boosting chemicals, following the recovery of the economy and the stabilization of regional currency prices. India, along with China and Japan, has the Asia Pacific region’s largest agrochemical markets. China is currently dominating the market due to its expanding agricultural sector, which is in line with the needs of the country’s increasing population. The country is both the largest producer and user of fertilizers in the world.

Agrochemicals are the chemicals used in agriculture to increase the amount of food generated from the soil. Pesticides, such as fungicides, insecticides, herbicides, and nematicides, are referred to as agrichemicals in different contexts.

The Indian agrochemicals market is driven by the country’s growing population, which has resulted in the country’s agricultural practices remaining sufficient. This has increased the use of Indian agrochemicals in agricultural activities. The industry has benefited from the Indianization of the agrochemical industry, which has boosted agrochemical product sales. Other factors influencing the Indian agrochemical industry’s growth include population growth, increasing food production needs, and economic growth.

Due to the increased impact of urbanization, the landmass available for agriculture is steadily decreasing as the demand for food products rises. Farmers are being encouraged to use various agrochemicals to improve land productivity and preserve soil quality. The country’s positive trend and integrating farming practices are expected to boost the growth rate of the agrochemicals sector. However, low knowledge of the benefits of agrochemicals among farmers, as well as their low acceptance of modern-day farming practices, can stymie the market.

India’s agrochemical intake is among the lowest in the world, at 0.58 kilograms per hectare, compared to 4.5 kilograms per hectare in the United States and 11 kilograms per hectare in Japan. Paddy accounts for the majority of pesticide use in India, around 28%, followed by cotton using 20%. Since India’s population is growing and land per capita is shrinking, pesticide use in the country must increase. In addition to rising domestic consumption, the Indian agrochemicals industry’s exports could double in the coming years. Proper strategies and sophisticated technologies need to be implemented to increase Indian agrochemicals exports.

Agrochemicals industry structure

There are approximately 125 technical grade manufacturers in India, 800 formulators, and more than 145,000 distributors. In-house development of 60 technical-grade pesticides takes place in the country. Formulators buy high-purity chemicals in bulk from technical-grade manufacturers. In exchange, formulators prepare formulations by incorporating inert carriers, solvents, surface-active agents, deodorants, and other ingredients. Farmers purchase these formulations, which are packaged for retail sale. Low-capacity utilization characterizes the Indian agrochemicals sector. In 2019, the total installed capacity was 146,000 tonnes, while the total output was 85,000 tonnes, resulting in capacity utilization of only 58%.

Due to seasonal and erratic demand caused by monsoons, the agrochemicals industry has a high inventory. Long credit terms for farmers are also common in the industry, making operations ‘working capital’ intensive. India is a net exporter of pesticides to countries such as the United States along with some European, Asian, and African countries. A large number of exports as a result of its inherent strengths of low-cost production and skilled low-cost manpower. The exports in the year 2019 accounted for nearly 50% of the turnover generated by the agrochemical sector.

Key players

With over 800 formulators, the Indian agrochemicals sector is highly fragmented. With several coordinated sector players and a considerable share of bogus pesticides, competition is fierce. Large players have been buying out small producers in the industry, resulting in mergers and acquisitions.

United Phosphorus Ltd, Bayer CropScience Ltd, Rallis India Ltd, Gharda Chemicals Ltd, Syngenta India Ltd, BASF India Ltd, and others are key market players. Nearly 80% of the market is controlled by the top ten firms. Large players’ market share is largely determined by their product portfolio and the launch of new molecules. To minimize risks and serve a wider customer base, strategic alliances with competitors are popular.

Key challenges for the Indian Agrochemicals sector

The agrochemicals sector faces several challenges. It takes nearly 9 years of research and development to manufacturing a new agrochemical molecule. Several Indian agrochemical firms have neglected to invest in the creation of new molecules. As a result, they will face challenges in developing these capabilities while remaining cost-effective. Genetically engineered seeds have self-immunity against natural enemies, which could have a detrimental effect on the agrochemical industry. Since there are so many end consumers, successful distribution to retailers is critical to ensure product availability. Companies have recently been dealing directly with consumers, removing the distributor from the supply chain. This is done to reduce delivery costs, educate retailers on product consumption, and give farmers fair prices. The Indian government and NGOs are promoting IPM, zero-budget planting, and the use of bio-pesticides. Farmers in some states, such as Karnataka, have reduced chemical use and switched to organic farming in response to the rising demand for organic food. Agrochemical companies will have to deal with increasing environmental consciousness and concerns about pesticide use’s negative effects.

Since Junyuan Petroleum Group, the largest n-Heptane manufacturer in China, announced a price reduction on December 31, 2022, the market prices of other n-Heptane manufacturers in China fell sharply this week. After the local market fell deeply, the product atmosphere has improved, and some markets will still have room for adjustment next week. The price of local goods was generally stable, and the transaction did not improve significantly. The overall recovery rate was sligHhtly higher than the loss rate this week, so the operating rate rose slightly this week.

Date range: 2022/07/08-2023/01/04
Product information: n-Heptane,99%
Lowest price: 9500
Maximum price: 13000
Average price: 11967.48
Up and down value: – 3500
Rise and fall: – 26.92%
Unit: CNY/ton

2023/01/03. USD TO CNY TODAY.
Actual USD to CNY exchange rate equal to 6.9130 Chinese Yuans per 1 Dollar. Today’s range: 6.9130-6.9130. Previous day close: 6.9135. Change for today -0.0005, -0.01%. Inverse rate: CNY to USD.
DOWN
6.9130
-0.01%

The mountains and rivers are beautiful and everything looks fresh and beautiful. With the joy of harvest and full of beautiful vision, we bid farewell to the extraordinary 2022 and ushered in the promising 2023. On this occasion, the Group Company would like to express its heartfelt thanks and sincere wishes to all employees and their families at all posts, and extend New Year greetings and high respect to people from all walks of life who care about and support the development of the Company!
In 2022, we will live a full and firm life. In the past year, there were difficulties, happiness, challenges and opportunities; In the past year, we have overcome various challenges, accelerated the pace of transformation and upgrading, promoted the smooth and orderly operation of all work, and achieved high-quality development of the enterprise.
In 2022, we will carry out our work effectively with full enthusiasm and energetic spirit, further establish and improve the company’s various management systems, and gradually improve the output and quality. The construction of major projects will be smoothly promoted, safety and environmental protection will operate smoothly, employee welfare will continue to improve, and new advantage reserve projects will be ready to launch. These achievements are the result of all Junyuan people’s tenacious struggle, pioneering and innovation, and selfless dedication. We rolled up our sleeves to work together! Here, I sincerely thank everyone for their unremitting efforts and hard work over the past year! You have worked hard!
Looking back on the past years, we are deeply grateful; Looking forward to a better tomorrow, we are excited. At the beginning of the new year, while sharing our joy, we should also soberly realize that the future still faces many challenges. 2023 is the key year for Junyuan to further define the industrial upgrading strategy, optimize the industrial layout and improve the company management; It is also a breakthrough year to consolidate the main business and upgrade to more high-end industries. Our new industrial layout benefits are emerging, new potential projects are emerging, and a new development blueprint has been drawn.
Standing at a new starting point in 2023, we have to unswervingly focus on the established strategy, consolidate and deepen the current achievements, strengthen confidence, shoulder the burden bravely, really do a solid job, and innovate. We will make every effort to do a good job in work safety, solidly promote the construction of new projects, strengthen technical improvement and process optimization, promote both production capacity and efficiency, strengthen the innovation of enterprise management model, and enhance the core competitiveness of enterprises. Seize new opportunities, meet new challenges, and promote the sustainable development of the company with a high sense of mission and responsibility.
Because of the same dream, we gather in Junyuan! Hard work shows courage, and hard work leads to success. The new year breeds hope; The new year is full of strength; In the new year, the situation is gratifying; The new year is exciting. Let’s seize the day together, live up to our youth, unite with one heart, forge ahead, and continue to write a new chapter and create new brilliance with more high morale, more positive attitude and more solid pace!
Finally, I sincerely wish you a happy New Year, good health, family happiness and good luck!
Junyuan Petroleum Group
December 31, 2022

Here are a list of Frequently Asked Questions (FAQs). If you don’t find the answer here, please contact us.

1.What is about your company strength?
Since 2006, we have more than 17 years experience in chemical industry. We can manufacture 59+ kinds of solvents and chemicals

2.What is the MOQ of your product?
We can supply any quantity you need for the first time for samples or trial orders, so pls just tell us the real quantity you need.

3.How could we know whether your quality could meet our requirements or not?
If you could provide us your spec., our technician will check whether our quality could meet your requirements or customize it for you. We could also provide our TDS,MSDS. etc for your check. And the third party inspection is acceptable.At last, we could recommend you some of our customers who use the same chemicals.

4.Can we get free samples before orders?
According to different values of our products, the samples could be for free,but it is not for all.

5.Could we use our DHL/FEDEX/TNT ACCOUNT to ship the samples?
We are sorry to tell you that we can just use our professional shipping forwarders to ship goods of small quantities. Because chemical products belong to special cargos, no matter it is dangerous chemical or not.

6.What payment terms are acceptable?
T/T, L/C, etc.

7.How long is your delivery time?
The goods of small quantity will be sent out in 3 working days. For bulk cargo, we will book the cargo space once the order is confirmed.

8.How many countries you already exported?
Our products have been widely used in more than 120 countries, mainly from the United States, Canada, the United Kingdom, Russia, Australia, Japan, South Korea, Thailand, Singapore, Vietnam, Indonesia, Malaysia, the Philippines, Brazil, South Africa, Ukraine, New Zealand,the Netherlands, UAE, Iran, Saudi Arabia and other countries.

9.What’s your supported standard of products?
The product standards we can supply include corporate standards, Chinese Pharmacopoeia (CP), British Pharmacopoeia (BP), European Pharmacopoeia (EP), United States Pharmacopoeia (USP), Japanese Pharmacopoeia (JP), etc. We can also provide customized product standards required by customers.

10.What’s your incoterm?
All stock packaging meets export standards, and it only takes 5-7 working days to have inventory, if remanufactured, delivery will take 15-21 days.

11.What’s your policy with dealers and wholesalers?
We are very welcome to cooperate with distributors and wholesalers, and will provide them with better price advantages, professional product knowledge,comprehensive product information and after-sales service.