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Price index of oil product continued sliding in China

According to the report of Xinhua (Daqing) International Petroleum Information Centre, as of April 26th, the price index of China oil product was 672.79, sliding by 1.16%.

4-28-2017 16:08:54

Restarting of two oil fields in Libya resulting in oil closing price declining

On April 27th (Thursday), news from Libyan NOC showed that the two key oil fields in Libya had restarted, where the crude output are mostly for export. The oil oversupply situation would be

4-28-2017 16:03:43

DME demand keeps sluggish

Latest data from JLC showed that DME daily output in China kept below 7,500 mt and run rate of DME units was around 20%.

4-28-2017 14:39:28

Dalian Jinyuan is granted to use imported crude oil 800,000 mt/yr

On April 26th, Dalian Jinyuan Petrochemical was granted to use imported crude oil 0.8 million mt/yr preliminarily.

4-28-2017 13:39:27

Alluring SBS profit in April 2017

Seen from the above two charts, dry SBS and oil-extended SBS markets were suffocated by profit loss from November 2016 caused by rising butadiene price.

4-28-2017 10:15:48

Fat profits unsustainable for steel mills

Steel mills realized a decent profit of CNY1,000/mt for rebar production when prices were at lofty levels at the start of the year, versus a reasonable range of CNY300-500/mt. However, rebar

4-28-2017 09:27:07

NR import surge in March 2017

China imported 532800mt natural rubber in March 2017, up by 32.77% MoM and up by 26.95% YoY. March saw no rubber tapping in major foreign natural rubber planting regions.

4-28-2017 09:21:15

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