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China INE crude price rises further on large US crude stock draw

Guangzhou (JLC), June 19, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Thursday after the Energy Information Administration (EIA

6-19-2025 19:06:59

Sinopec founds new petrochemical company in Tianjin

Guangzhou (JLC), June 19, 2025--Sinopec established a new petrochemical company in Tianjin City's Binhai New Area on June 16, 2025, according to Qichacha, an online database of Chinese compa

6-19-2025 18:43:58

Crude stocks at Shandong ports drop as consumption rebounds

Guangzhou (JLC), June 19, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports dropped in the week ending June 19, as local independent refiners’ consumption rebounded

6-19-2025 18:37:42

State-owned refinery run rate extends rises on restart

Guangzhou (JLC), June 19, 2025--Chinese state-owned oil refineries' run rates extended rises in the week ending June 18, as Sinopec Tianjin Petrochemical restarted a CDU.

6-19-2025 18:20:54

China’s PP supply pressure eases on lower operating rate

Shandong (JLC), June 19, 2025--In the first half of 2025, the operating rate in China’s PP industry fluctuated downwards, with an average rate of 76.22%.

6-19-2025 16:54:04

SVR3L market price goes range-bound on meagre supply and tepid demand

Shandong (JLC), June 19, 2025—China’s SVR3L market price went range-bound in June. Traders were reluctant to sell SVR3L given its meagre supply and thin margins. Besides, during the curr

6-19-2025 16:31:31

CNOOC Daxie Petchem starts importing crude independently

Guangzhou (JLC), June 19, 2025--CNOOC Ningbo Daxie Petrochemical received its first batch of imported crude oil through independent procurement on June 11 since its establishment 23 years ag

6-19-2025 16:09:58

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