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Noticeable RMB appreciation depressed China urea exports

The change of the exchange rate between currencies always makes great difference to the import and export. The lower exchange rate of USD to RMB benefits the import and depresses the export.

9-14-2017 14:15:04

RMB appreciation benefits PE import

On September 8th, the People's Bank of China set the central parity rate of USD to RMB at 6.5032. The exchange rate of USD to onshore RMB was 6.4350.

9-14-2017 14:04:00

The increase of coal-based PE supply is higher than expected amid rising profits

From mid-August to early September, China PE price continued rising and the price increase reached CNY1,200/mt in total.

9-14-2017 13:51:00

Offshore light crude price increased by CNY50/mt WoW to CNY3,450/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY211/mt, up CNY2/mt week on week as offshore crude price increased, while downstream sales revenue

9-14-2017 13:46:57

Run rate in Shandong rose to 60.99% as more independent refineries restarted

According to JLC statistics from 40 Shandong independent refineries, up to September 13th, 2017, the CDU run rate rose to 60.99%, up 3.27 percentage points week on week as more independent r

9-14-2017 13:39:57

Processing offshore crude profit increased by CNY134/mt WoW to CNY209/mt

The theoretical processing offshore crude profit of independent refineries reached CNY209/mt, up CNY134/mt week on week as refined product price increased.

9-12-2017 15:39:09

Run rate in Shandong rose to 57.72% as Qicheng Chemical and Lianmeng Chemical restarted

According to JLC statistics from 40 Shandong independent refineries, up to September 6th, 2017, the CDU run rate rose to 57.72%, up 1.71 percentage points week on week as Qicheng Chemical an

9-12-2017 15:34:22

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