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Bearish news weighed on refined product market

Crude oil price moved sideways recently amid mixed factors. It is not likely to rise, as EIA report showed that US crude imports and crude runs declined. Crude price closed low due to expiri

10-25-2017 11:51:12

PE market price is hard to decline due to speculations from the supply side

PE prices increased after the National Day holiday. In North China, the market price of LLDPE increased to CNY9,600-9,900/mt, up CNY50-200/mt from that before the holiday.

10-24-2017 17:11:44

Cracking C5 supply became tight amid unit maintenance in Yanshan Petrochemical

According to JLC's monitoring on 12 major state-owned refineries, their C5 plant run rate dropped two percentage points to 25% in the week ended September 20th. Cracking feedstock C5 supply

10-24-2017 16:12:10

China refined product transactions might increase after the 19th CPC National Congress

Opened on October 18th, the 19th CPC National Congress will end on October 24th (Tuesday). Before it ended, refined product trading was thin, as some refiners halted or delayed operation ami

10-24-2017 14:12:39

Shandong Fuyu Chemical was granted to use imported crude oil 1.64 mln mt/yr

China Petroleum and Chemical Industry Federation (CPCIF) claimed on October 19th that Shandong Fuyu Chemical was preliminarily qualified for using import crude oil 1.64 million mt/yr.

10-24-2017 11:30:31

Winter hoarding may come in advance on the volatile steel price

Guidance: Steel supply will shrink as a whole, due to steel plants suspended production with the coming heating season. Steel price is likely to keep firm in the short run.

10-24-2017 11:30:20

China iron ore market to be weak in Q4 despite soft supply

In the fourth quarter of 2017, Hebei, Henan, Shandong and Shanxi issued policies to limit output, due to environmental problems caused by the increasing heating demand. This influenced the i

10-24-2017 11:26:02

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